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Harvard, Wharton, and Sloan Graduates Among “Most Wanted MBAs”

Business school rankings can be confusing sometimes. Several considerations and factors play into a schools final rankings. Is there an easier way to look at differences between business schools? QS Top MBA used a simple metric to look at schools in its 2012/2013 QS Global 200 Business Schools Report. The report examines the reputations of the best business schools by asking recruiters from which schools they prefer to see MBA students.

Harvard Business School and the Stanford Graduate School of Business both received the maximum possible score in the report for recruiter recognition in this year’s report. The Wharton School at the University of Pennsylvania received the third highest score, while Columbia Business School received the sixth highest score and the Massachusetts Institute of Technology’s Sloan School of Management received the ninth highest score.

While at first glance, it seems like employers think of the business schools at Ivy League universities first, other business schools made the list. New York University’s Stern School of Business ranked 21st in employer recognition, and the Boston University School of Management ranked 24th. The Carroll School of Management at Boston College and Babson College ranked 38th and 39th respectively for employer recognition.

It is not so simple to name a few best schools. The annual report also looks at the top schools’ reputation with recruiters in ten different business specialty areas. In finance, the Wharton School at the University of Pennsylvania takes the top honors, while recruiters favor the Massachusetts Institute of Technology’s Sloan School of Management for more technical fields like operations management and information management. Harvard Business School earns high rankings in strategy, entrepreneurship, leadership, and corporate social responsibility.

Smith MBAs Compete and Win in M&A Competition

A slew teams from the country’s top MBA programs met to compete against each other for who could offer the best pitch in the University of Maryland’s Robert H. Smith School of Business 7th annual Mergers and Acquisitions Competition on November 7-8. The competition took place at the university’s College Park campus and Smith’s team went on to capture the event’s $5,000 first prize.

The competition took the form of a hypothetical case that asked students to analyze the sports apparel industry. MBAs devised their strategies through the night on Thursday before pitching their suggestions for strategic merger and acquisition alternatives to judges on Friday.

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McDonough MBAs Travel Through Career Treks Program

MBA students at Georgetown’s McDonough School of Business recently spent a week-long break between classes traveling domestically to network and learn about specific industries through Career Treks.

The industries were each broken down into different groups: The Entrepreneurship group, the Consulting group, the Finance group, the Marketing group.

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MBAs Should Know a Second Language, According to MIT Sloan Expert

Jackie Wilber, the Executive Director for Undergraduate and Master’s Programs at the Massachusetts Institute of Technology’s Sloan School of Management, suggests that MBAs learn a second language.  She says in a recent blog post for Stern’s The Experts Blog that recruiters are increasingly looking for MBAs with cultural awareness, language skills, and the geographic mobility that those skills bring.

US companies are increasingly exploring markets outside the US, believing that foreign countries offer the companies the best growth opportunities. Even though global business is primarily conducted in English, proficiency in local language is extremely valuable for MBAs. It allows them more flexibility to conduct business in a different country, and makes it easier to become comfortable in a foreign culture. Also, if an MBA moves to a foreign country, it is essential for them to be able to perform day to day activities in their new country that require some language proficiency, like talking to a doctor, interacting with neighbors, and buying groceries. Continue reading…

MBA Recruitment Now Happens Earlier in the School Year, Sometimes Even Before Classes Start

At many MBA programs, the notorious recruiting process for summer internships now begins before the school year does. The trend for corporate networking events has been skewing earlier and earlier in the academic year, to the point where first-year MBA students arrive on campus with their summer internship plans in place.
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Wharton HCM Director Comments on Strong Job Prospects for MBAs in Healthcare Management

June M. Kinney, associate director of Wharton’s Health Care Management program, is featured in a recent U.S. News and World Report article which reports that MBA graduates can count on job opportunity and growth in the healthcare industry. The 2013 Corporate Recruiters Survey–conducted annually by GMAC, the organization that designs and administers the GMAT–recently revealed that 89% of healthcare entities worldwide anticipate hiring MBA graduates. This rate increased 12% from 2012 to 2013 alone.

Kinney encourages MBA seekers to think broadly when it comes to healthcare study and job prospects. Healthcare companies employ MBA graduates for consulting work and operations, but the industry also provides opportunities for MBAs to invest and create new business ventures.

Kinney’s research into job growth in the health care industry explains why health care ventures continue to grow and hire when other industries cannot. Kinney believes that the Affordable Care Act, or Obamacare, is partially responsible. The Act has forced health care providers to restrategize, leading many to seek out MBA consultants for advice on how to adjust their business infrastructure.

Kinney also credits the constant evolution in technology to the rise of MBA healthcare hires. The industry seeks out new, creative means of connecting with potential patients and investors alike. MBA-trained business specialists assist health care professionals by supplying a continuing string of creative communication platforms. These same technology-savvy MBA graduates can also provide the sophisticated level of data analysis required to excel in today’s competitive healthcare market.

The greater Philadelphia metro is home to many of the strongest healthcare players in the country, and virtually all of the city’s largest employers are healthcare companies. Accordingly, many MBA programs in the Philadelphia metro offer concentrations, specializations or other special programs focusing on healthcare management, including Wharton. The strength of the Philly healthcare market and the results of the 2013 Corporate Recruiters Survey indicate that an MBA in healthcare management is an excellent choice for Philadelphia professionals seeking greater career opportunities and impact.

[Image credit: K. Ciappa for GPTMC]

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The Newest Tech Jobs Perfect for Business School Grads

As tech companies grow, they need talented people who can help them negotiate the transition from the two-guys-in-a-garage stage to the phase with the sprawling office parks and C-Span depositions. For these ever-changing needs, MBA candidates can be a perfect fit for the newest tech jobs.

MIT Talks About Nike’s Kaepernick Gamble

Shortly after sports manufacturing giant decided to bring the continually Colin Kaepernick, conversation surrounding the company exploded. For many, the move came off as a huge gamble. MIT Sloan argues, however, that it was all about brand authenticity.

In a recent piece published by the MIT Sloan Newsroom, Senior Lecturer and Research Scientist Renée Gosline, says, “It’s hall-of-fame-level type advertising. Not to mention the signal it sends given the current climate.”

“People think branding or marketing is to sell the most amount of products to the greatest number of people. Perhaps if you’re thinking widgets,” she says. “But in actuality in order for a brand to be really enduring, it has to have a point of view, it has to have a personality, it has to have authenticity. By definition then, it needs to take a stand, and some stands are less controversial than others. But it needs to stand for something.”

YOU MAY ALSO LIKE: Top MBA Recruiters – ESPN

Fellow MIT Sloan Senior Lecturer and former ESPN Director of Social Media Marketing Ben Shields also adds, “The timing is obviously a well-intentioned decision, and it also reflects a need for marketing campaigns in today’s network culture, to get people talking. That’s precisely what this campaign is designed to do.”

One day after the announcement, which was made during the same year that Nike agreed to an eight-year deal to make the NFL’s uniforms, generated an estimated $43 million in exposure, according to Apex Marketing Group. Part of that, potentially, lends itself to the vagueness of the messaging.

Sharmila Chatterjee, a Senior Lecturer in Marketing at MIT Sloan, also adds, “Nike wants to support ‘be who you want to be, just do it,’ if that is the interpretation it is taking, then Kaepernick connotes that. If Nike wants to support that cause, i.e., ‘stand by your convictions’ cause, there’s a brand fit and authenticity here. By doing this there’s a way to increase the brand credibility of Nike. There’s a match here, it just so happens that in this case the actions of the celebrity or the spokesperson, is emotionally charged.”

On how this could potentially look down the road, Gosline seems optimistic, arguing that “history has a tendency to sanitize activists.”

“People forget that at the moment, they were raked across the coals. I think you might find this is what is going to happen with Colin Kaepernick in this particular case.”

You can read more about the advertisement reaction here and check out the aforementioned ad below.

Harvard Looks At Facebooks Attempt to Take on Fake News

The amorphous impact social media has had on the collective social conscious, especially since the 2016 U.S. general election, has become a striking waypoint of how we all may interact in the near future. To potentially combat the negative outcomes of it, Facebook has crafted plans to transform its platform into a forum for “more meaningful social interactions,” even if it comes at a great cost to its founder, Mark Zuckerberg. Experts from Harvard Business School recently discussed the potential changes.

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20 Cities Survive Amazon HQ2 Shortlist

Four months after Amazon announced plans to construct a second headquarters, North American cities have been making grandstanding pleas in order to court the ecommerce behemoth. New York City’s mayoral office lit up the Empire State building with Amazon’s glowing orange hue in a symbolic gesture, while certain cities like Chicago went the more extreme route, proposing laws that could funnel income taxes directly back to the company. After much speculation, here is the official Amazon HQ2 shortlist:

• Atlanta
• Austin
• Boston
• Chicago
• Columbus, Ohio
• Dallas
• Denver
• Indianapolis
• Los Angeles
• Miami
• Montgomery County, Md.
• Nashville
• Newark
• New York
• Northern Virginia
• Philadelphia
• Pittsburgh
• Raleigh, N.C.
• Toronto
• Washington, D.C.

Unsurprisingly, most of the cities that made the cut were among the largest in North America, with only one Canadian city—Toronto—left standing. Over 230 cities from the U.S., Canada, and Mexico made official bids for the company’s second headquarters, with Amazon prioritizing tech-centric metros of populations larger than 500,000. In fact, only four of the 20 metro areas—Miami, Nashville, Newark, and Pittsburgh—have a population of less than half a million, with Newark being the smallest of the entrants. Notably, Newark offered perhaps the largest financial incentive to the company, proposing upwards of $7 billion in tax incentives.

How the Amazon HQ2 shortlist was formed is not totally known, according to the New York Times:

“According to people briefed on the process who would speak only anonymously because the deliberations were private, the process was conducted by a team of about a dozen people within Amazon, including economists, human resources managers and executives who oversee real estate. Jeff Bezos, Amazon’s chief executive who was the mastermind behind turning the search into a public process and coined the term “HQ2,” was also involved, the people said.”

At the time of the initial announcement, Amazon released a stream of positive economic statistics about its impact in Seattle, home to the original headquarters. The company stated (although these statistics are still not yet verified by any source outside of Amazon) that it added $38 billion USD to the value of the city from 2010-16 alone, due to its investments and rapidly expanding workforce. Detractors argue that the financial value added to the city did not positively impact the quality of life, however, with more than 51 percent of Seattle residents making less than $50,000 per year and more than quarter of city residents earn less than $25,000 per year. The influx of high-level employment also contributed to rapidly rising housing costs and poorer traffic.

Experts from CNBC believe that Raleigh might be the front-runner of the remaining entrants, which matches the initial bid criteria the most. Although some speculate that Austin most aligns up with Amazon’s future. The company declined to announce when the final decision will be made.

What Amazon Means For MBA Students

Not so secretly, Amazon has become one of the world’s largest MBA recruiters, hiring students from top schools all over the world. We’ve previously outlined the details of why it has become such an attractive destination for business school students.

The company creates a direct pipeline from its MBA internship program to full-time employment, which should rapidly increase with the creation of HQ2. In a previous interview with the Financial Times, Miriam Park, the Amazon Director of University Programs, highlighted the company’s recruitment strategy:

“The Amazon recruitment process is designed to ensure we hire top candidates with high-growth potential whatever their background may be. As part of this we recruit current MBA students and MBA alumni for permanent and internship opportunities worldwide and see MBAs as an important part of our leadership development. We value people who can balance long-term strategic thinking with tactical execution, and who have the ability to make data-driven decisions.”

Stay tuned for more information about the second headquarters and more potential MBA employment opportunities with MetroMBA.

Your Future A.T. Kearney Career is Waiting for You

For many organizations, finding a candidate with an MBA degree on their resume is a shortcut to knowing how well they will succeed at the company. With the strong foundational business skills the degree provides, companies can feel safe hiring an MBA student or graduate.

Founded in the mid 1920s, A.T. Kearney is a Chicago-based global management consulting firm and on of the more active MBA recruiters. As of 2016, the company holds 60 offices in over 40 countries throughout the globe, with roughly 3,500 employees.

Why Work at A.T. Kearney?

A.T. Kearney has made a commitment to creating transformational experiences for its clients, it makes the same promise for its employees. The company strongly believes that diversity is a key part of its culture, and aims to create an inclusive environment where people of any background can find success. The firm is unique in its offering of personalized programs that can help each employee find the perfect path to career success. Programs like Success with Flex, which offers flexible scheduling options, Pathway for Parents, which provides resources for working caregivers, or the Encore program, which helps professionals reenter the workforce after a long break, demonstrate the company’s commitment to creating a positive work environment for all its employees.

On Glassdoor, anonymous current and former A.T. Kearney employees largely praise the consulting company, giving it an overall positive rating of 4.2. In context, that’s just outside of the “2018 Best Places to Work” top 100 ranking, making it one of the more attractive destinations for current and future MBA grads. Employees cite flexible scheduling and good health insurance policies among the myriad of benefits, but at the end of the day, the pay is what stands out.

According to Glassdoor data, compiled by CNBC, A.T. Kearney employees earn the highest median salary of any employer in the entire United States, with a median total base compensation of $175,000. And with some positively alluring bonuses, that puts employees in the $200,000 range.

How To Get Your Foot in the Door

A.T. Kearney recruits talent in a number of ways. The company already works alongside a number of top business schools in the country, offering networking events, career fairs, and presentations on campus. Students can also begin the interviewing process right on campus. Even if the company does not offer programs at a particular campus, students can still apply directly through the website.

Another important way interested MBAs can get their foot in the door is through the Summer Consultant Program; a ten-week internship which teaches students about what its like to be a consultant at A.T. Kearney. The program starts with a three-day training program at a central location, helping interns to understand the company’s culture and specific approaches to consulting. After the three-day program, interns will return to their local offices and begin working on project assignments. At A.T. Kearney, Summer Consultants are treated the same as any other full-time associate and must collaborate with managers, principles and partners to create client solutions.

“The Summer Consultant Program allowed me to make an impact through my client work, get a real feel for the office’s culture, and, most importantly, build strong relationships with future colleagues at all levels of the firm. In all, the experience left me excited about the opportunity to join the firm full-time,” says Kate Maheu, a full-time associate who started as a Summer Consultant in 2013.

What Types of Jobs are Available?

From summer consultants and beyond, A.T. Kearney has a number of jobs for which they are seeking talented MBA graduates. Below are just a couple examples of positions open at the time of writing.

Associate – Digital Transformation:

 The first of its kind among management firms, the Digital Transformation practice at A.T. Kearney offers organizations help in making sense of their changing needs in an constantly evolving business world. The Digital Transformation Associate works alongside clients, collaborating and problem-solving in a fast paced environment with the potential to make a big impact. The perfect consultant for this role would possess an MBA from a leading institution and have 5-10 years of success in Business and Technology.

Contracts Officer:

The Contracts Officer at A.T. Kearney will be a senior member of the Public Sector team at the company, responsible for management of contracts between the firm and Government agencies. The ideal candidate for this position would hold have active business connections in government sectors and more than ten years experience in a consulting environment. An undergraduate degree is required for this role with an MBA highly preferred.

Facebook Tops Glassdoor’s 100 Best Places to Work List

Employer review website Glassdoor, which allows users to read anonymous employee testimonials about employers, has revealed its annual “Best Places to Work” list, with familiar MBA recruiters Facebook, Bain & Co, and Boston Consulting Group (BCG) earning the top three spots.

Why Facebook?

Since 2011, the social media empire has been one of Glassdoor’s most praised companies to work for, earning a top five spot seven out of the past eight years, including three number one overall awards. Facebook employees are often given extensive benefits, including four months of paid maternity leave—a policy often considered a luxury in the U.S., which has no legally mandated paternity leave policies for employers. As well, earlier this year, Facebook COO Sheryl Sandberg announced the company would implement paid sick time for employees and family members.

With increasing revenue streams, the company’s hiring numbers have continued to swell, with nearly 19,000 employees as of earlier this year—a 38 percent jump from March 2016 to March 2017. In fact, just this week, the company announced it will be adding 800 more jobs at its new London office.

Data via Facebook, graphic by The Atlas/via Quartz.

Of course, the central pitch to work at the social media monolith may be predicated on the payment of employees. According to Paysa, the average Facebook salary is north of $250,000 annually, combining base pay, bonuses, and equity. Most jobs at the company start at, at least, $70,000 USD annually, with business management roles starting at $135,000.

The company has also made a concerted effort at diversifying its hiring. Speaking with Forbes, Lori Goler, vice president of people, said, “Diversity is critical to our mission at Facebook, because we serve a community of 2 billion around the world, and of course there’s diversity in that community.”

The company, according to Forbes, employs between 33 and 35 percent women, and there has been considerable gains among women employed with computer science and engineering backgrounds, as well as a 500 percent increase in employment among those of African descent since 2014. In the interview, Goler added, “We’re nowhere near where we want to be, but we’re at least hearted to see that at least we can make some progress.”

Check out Facebook’s graduate student recruitment page here.

Consulting Companies Still Reign

While certain statistics indicate a wave of MBA grads may be leaving consulting in favor of tech-centric employers, as evident by the recently released Northwestern University Kellogg School of Management employment report, consulting companies are remain one of the primary targets for MBA students and graduates, and for good reason.

Bain & Co., like Facebook, has been endlessly praised by Glassdoor reviews, ranking among the top four best places to work every year since 2009. Like most of the companies on the year-end list, Bain offers ample benefits, including several months of paid maternity leave, comprehensive vacation and insurance policies, and one of the world’s best 401K offers. Fellow Boston metro company BCG also officers a considerable parental leave benefits package, retirement planning, and lofty salaries.

Inside the New York City BCG office/Photo via BCG.

Like Bain, BCG makes a concerted effort to bring in incredibly comparable MBA graduates, recruiting students from multiple prominent business schools like The Wharton School, NYU Stern, Columbia Business School, and many more.

Some Traditional Companies Remain Steady, While Giants Like Apple Stumble

Tech empire Google, not surprisingly, held its place among the top 10 companies—having never fallen lower than eighth overall since 2012. Just outside of the top ranking companies, McKinsey & Co. stayed within the top 20, while other notable heavyweights like Microsoft (39th), Capital One (69th), Deloitte (77th), Accenture (83rd), and Apple (84th), the world’s most successful consumer company, fell to the lower ends of the list.

Despite having the second most profitable year in company history, falling shortly behind it’s 2015 figures, Apple has been steadily dropping down Glassdoor’s annual Best Of list, posting its worst standing in the history of the ranking—nearly 50 spots worse than last year’s ranking of 36th overall.

Considering, however, that the annual ranking is comprises of over 500,000 companies, this drop may not be as serious as it would appear. The overall Glassdoor rating for Apple was 4.3, in contrast to Facebook, which boasts a current 4.6 rating. The average Glassdoor rating for employers, for context, is 3.3.

Some Surprises

Not every company included in the Glassdoor Best Of list could be considered a traditional MBA recruiters, including beloved U.S. west coast fast food chain In-N-Out Burger (fourth overall), growing athletic leisurewear empire Lululemon (sixth), wine company E. & J. Gallo Winery(14th), Delta Airlines (17th), and The Church of Jesus Christ of Latter-day Saints (19th), which provides “Excellent dental and medical coverage,” according to an anonymous employee. Plus, “you work with people who don’t swear.”

For a more extensive overview of the methodology behind the ranking, click here.

Amid Roller Coaster Rides for Some, HBS Stays Atop Bloomberg BusinessWeek Ranking

For the second consecutive year, Harvard Business School (HBS) tops the Bloomberg BusinessWeek annual ranking of MBA programs—released today—making it one of the few leading schools that didn’t experience shifts in a list that holds lots of changes this year over last.

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Simon Business School, University of Rochester Announces New Online Masters of Science in Business Analytics for Managers

Sponsored Content

Simon Business School, pioneer of STEM management education and home to successful marketing and business analytics programs, now takes its analytics expertise online with the launch of a new Online Masters of Science in Business Analytics for Managers. With data transforming every industry, this program will provide current managers or those aspiring to lead the critical skills and tools they need to succeed. Simon’s stellar reputation for excellence in analytics and leadership development will deliver a program that provides managers the expertise that will help advance their careers. This online program format offers access to a top-tier Master’s program and the world-renowned Simon faculty, regardless of a student’s location.

“Businesses today need managers who can harness the power of analytics to make data-informed decisions, manage risks and increase efficiencies,” said Sevin Yeltekin, Dean of the Simon Business School. “This program will teach managers how best to evaluate investments in analytics, determine which tools and data are most critical, and leverage the results to support company goals and add value to their organization.”

Designed for working professionals in management roles or aspiring managers, the coursework is structured to allow students to complete the Online Masters in Business Analytics Program in 14 months. While offered online, the program includes three in-person opportunities that foster peer relationships, encourage collaboration with faculty, and link students with industry leaders in analytics. These occur at the beginning, middle and end of the program to keep a strong thread of connection for students. Supporting career goals is a top priority and students will receive career coaching support from Simon’s Benet Career Management Center to ensure they are positioned for advancement and prepared for and receive exposure to recruiters.

“The Online Masters of Science in Business Analytics for Managers is unique in design and will provide students the practical and relevant training they need to succeed and take their career to the next level,” said Mitch Lovett, Senior Associate Dean, Education and Innovation. “This is a virtual program with a very high touch, including direct connection and support from faculty, opportunities for immersion and collaboration, an intimate cohort, a peer network and in-person opportunities.”

The program augments and complements the Simon School’s full suite of Master’s programs, including a full-time MBA, and full-time Masters of Science programs in Accountancy, Finance, Business Analytics and Marketing.

Applications are being accepted now and the first 14-month class will begin August 2022. For more information on the Online Masters in Business Analytics for Managers, visit www.simon.rochester.edu/programs/online-msba or fill out the form below

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About Simon Business School

The Simon Business School at the University of Rochester is a highly ranked, world-class business school located on the campus of the University of Rochester.  Rooted in quantitative analysis and economics, Simon prepares its graduates for today’s real world, data-driven economy by offering a mix of analytically rigorous academics and hands-on experience within its close-knit community.  The Simon Business School’s mission is to develop business leaders who have an exceptional level of clarity about business and about themselves, while embodying a relentless endeavor to be ever better.

Simon is ranked among the world’s leading business schools; in 2021 Bloomberg BusinessWeek ranked Simon in the Top 25 business Schools in the U.S., and US News and World Report ranked Simon #1 in student body diversity among the top-50 business schools in the US in 2021. Simon Business School consistently ranks as one of the best schools for ROI. Academic degree programs include full-time MBA, four specialized MS programs, and executive and professional MBA programs. For more information, visit https://simon.rochester.edu/

Where Should I Work: Apple vs. Samsung

Apple and Samsung are two of the premiere mobile phone and technology companies in the world. But from the outside, it may be tough to gauge what sets them apart as employers.

Where Should I Work: Accenture or KPMG

Accenture and KPMG are two of the world’s leading professional service providers. Accenture is the world’s largest independent technology services provider, while KPMG is one of the top providers in consulting and accounting. Both offer an array of career trajectories with global reaches and venerable reputations, perfect for business school graduates. Deciding between the two, however, is another issue.

Georgia Terry or Georgia Tech Scheller: Which School is Right For You?

There’s a lot to take into account when choosing the perfect MBA program. Yes, even if they’re in the city. Atlanta, Georgia, is home to a number of popular business schools of varying sizes and abilities, but let’s focus on two, yes? 

Top 5 Business Schools for Investment Banking Careers

If you’re hoping to land a high-paying investing career, not just any business school will do. You have to attend a top business school that has a history of employing graduates. Even then, you’ll most likely need to be near the top of your class or have an impressive background/internship to land the job you want.