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New MBA Jobs at 3 Major Mass Media Companies
Last month, Disney finalized a $71.3 billion deal where the biggest mouse in media acquired significant portions of Fox, including 20th Century Fox film and TV studios, entertainment cable networks, and other international assets. This is big news: Not only does this allow for the X-Men to cross over into Marvel’s The Avengers, it also means that Disney now dominates in its market share of the U.S. box office, at nearly 28 percent. Continue reading…
The 5 Top Paying Tech Companies for MBAs
Everyone knows business school costs a pretty penny, which makes ROI one of the major deciding factors when pursuing both an MBA program and post-graduation employment.
At one point, MBAs were practically personas non grata in Silicon Valley. Today, tech is on par with traditionally lucrative fields of banking and finance in terms of MBA employment—likely due to the whopping salaries associated with the industry. IT management positions, for instance, boast a reported average salary of $113,000 USD.
5 Top Paying Tech Companies for MBAs
After being outpaced by Apple in the early part of this decade, Microsoft has made an impressive comeback in recent years. In addition to software development, the company has made significant strides in cloud computing, AI, cybersecurity, and gaming as well. Microsoft employs MBAs in a wide variety of positions with mobility across the company and no set career path. The company’s reported average starting salary is $116,473 and total compensation is even higher. Microsoft also boasts a better employer satisfaction rating than most of its high-paying tech peers.
Google has leveraged its access to user data in order to become a dominant force in online advertising technologies and cloud computing. The online search titan is known for its frighteningly competitive application pool and in-depth hiring process. For the MBAs that make the cut, the average starting salary of $121,979. Positions include sales and marketing, product management, finance and operations.
IBM recently made headlines when it acquired open-source software firm Red Hat. Whether or not this historical corporate buyout will help IBM get a leg up on the cloud computing market share, the company nonetheless offers MBAs an average starting salary of $124,714. With leadership development tracks for MBAs in consulting, product management, finance, and strategy, they can also opt to pursue the General Manager Leadership Development Program, designed for “top MBA graduates from leading global universities hired into IBM on an accelerated path to General Management leadership.”
Despite the Cambridge Analytica scandal’s huge blow to consumer and investor confidence, Facebook’s market share rebounded in just a few months after the news broke. The social media torchbearer continues to steadily grow its user audience and tally of digital tech company acquisitions. The common path to employment at Facebook is through its internship program. With an average starting salary of $126,292, potential MBA hires will need to be ready to develop relevant, hands-on leadership skills in order to take on the increasing AI and AR/VR focus of this company.
As the commanding leader of online retail sales in many parts of the world, not to mention major competitor in cloud computing, media streaming services, and mobile devices, Amazon is one of the top employers of MBAs across all sectors. Amazon offers multiple pathways to management, from mainstream internship opportunities to dedicated programs that groom MBAs to take on specialized leadership positions within the company. With a reported average starting salary of $123,970, Amazon shows no signs of slowing down when it comes to recruitment. The company’s income tripled from 2016 to 2017 and it consistently reinvests most of its money, which has spurred rapid, continual growth.
New MBA Jobs at Four Tech Companies Making Big Announcements
Some of the world’s largest tech companies made waves recently with exciting, and in some cases game-changing, announcements at and around the 2019 Game Developers Conference. These new ideas, products, and services were developed by teams comprised of developers, marketers, and MBAs brought on to bring innovation to the table. Continue reading…
Rochester Simon STEM-Designated MBA Paves New Path
As international applications at U.S. business schools drop, there’s more demand than ever for science, technology, engineering, and math disciplines in MBA curriculum.
Why? The new STEM designation program.
Created by the federal government to help with the shortage of qualified workers in the STEM fields, the program makes H1b visas far more attractive. If a student attends a STEM-designated education program and gains a STEM job after graduation, they gain an additional 24 months of optional practical training (OPT) time. This lengthens their stay in the U.S. from one to three years, which is very attractive to candidates and a solid reason for schools to consider the STEM designation. And many have.
Top B-Schools Get STEM-Designated
Dean Andrew Ainslie, University of Rochester Simon Business School.
Last year, Duke University’s Fuqua School of Business added a full-time MBA certificate in management science and technology management that was STEM designated. Two years ago, the University of Wisconsin School of Business achieved STEM designation for two MBA specializations: supply chain management and operations and technology management. The University of Massachusetts at Dartmouth also has a STEM designation for its Charlton MBA with a specialization in business analytics.
However, only one b-school has earned a STEM designation for its full-time MBA program no matter the specialization: the University of Rochester Simon Business School.
“We’re the most quantitative business school in the top 50, and that’s necessary to get this STEM certification,” says Dean Andrew Ainslie. “We’re in a unique position. We have an unusually high amount of math and technical curriculum. So, when we started looking at the percentage of our classes dedicated to STEM, it was obvious that we easily met the guidelines. A STEM-designated MBA just made sense for our students, and I don’t think anyone can follow us.”
How Simon Business School Achieved its STEM Designation
Moving to a STEM designation was reasonably easy for Simon Business School; it’s been built into the school’s DNA since the 1970s. Back then, the dean decided that the majority of the coursework should be focused on quantitative subjects—economics, statistics, and operations—and that’s held through until today.
“STEM designation is interesting; it’s all done internally. There are federal guidelines for what’s required, and we can be subject to audits, but we’re the ones responsible for overseeing our STEM-designated MBA program on campus,” says Ainslie.
This meant it was up to Rochester to take a look at their MBA curriculum and decide if they had the right percentage of math- and technology-based curriculum to fit the absolute minimum acceptable level. That level was, “at least 50 percent of the classes should have at least 50 percent STEM content. So 25 percent of all classes being STEM,” Ainslie explains. “We’re well above that.”
50 to 60 Percent STEM Curriculum
“We don’t have any faculty in soft areas such as HR or behavioral studies,” Ainslie explains. “That’s necessary to do this. All of our faculty voted positively on STEM designating in every area.” And while the school has started to add some curriculum in other areas—communications and experiential learning—around 50 to 60 percent of all their MBA content is STEM, far more than necessary to get the certification.
Even with variability in the second year when students can choose their electives, it was easy for Simon’s MBA program to achieve the STEM designation. “We are something of an unusual program in how analytics focused we are. Our branding is around analytics, and that shows,” says Ainslie.
And in cases where more STEM content was required, many of the faculty were happy to revise their curriculum to fit the designation better. One professor even decided to create an entirely new finance course that “uses R and Python programming to teach about finance through algorithms and coding,” Ainslie explains. “It’s a new course on technology and finance, and he wasn’t the only professor to do something like this.”
Simon Business School Meeting Recruiter and Student Needs Post STEM-Designated MBA
As for what’s happened at the school since achieving a STEM-designated MBA program, while it’s always tricky to tell what’s driving things, Ainslie believes things are going well. This year, MBA applications were up 7 percent, and while that might seem modest, it’s an increase that Simon Business School is quite happy about.
They’ve also recognized some changes in regards to recruiting and hiring. While they’re not changing who they go after or how, they are definitely making sure that all of their MBA candidates understand the advantage of STEM. “It’s not just the three years of a work visa, but business has become much more analytics-focused,” says Ainslie. “STEM skills are valuable in the marketplace. A STEM MBA is what companies are looking for.”
And that’s definitely true when it comes to Simon’s recruiters. Since their STEM designation, they’ve had many alumni and recruiters reach out to them about their STEM MBA and express their excitement.
“Technical skills are in high demand,” explains Ainslie. “But there are only 65,000 H1b visas every year and 2.3 million STEM jobs. The market is desperate to get those positions filled.” And Simon is in the perfect position to help.
You can learn more about Simon Business School’s new STEM MBA here.
This article has been edited and republished with permissions from its original source, Clear Admit.
PwC, Credit Suisse Highlight Newest MBA Finance Jobs
While an MBA can be applied to any field, most graduates leverage their advance business degree to a new MBA job in the financial services field. Are you on the lookout for a hot new MBA job in the financial services sector? You’re in luck — here’s a selection of exciting new job opportunities at offices across the country. Continue reading…
Top Online MBA’s that Do Not Require the GMAT
Why do schools require the GMAT?
Similar to how the SAT plays a role in undergraduate admission to higher education, the GMAT has been a consistent requirement for the majority of business programs globally. This standardized test has been one of a variety of factors that go into consideration when being accepted into programs. There are three main reasons that the GMAT has been part of the application process:
Reliable indicator of student success:
Based on surveys conducted by GMAC, the GMAT has been a reliable indicator of student success in the classroom among MBA programs.
Equalizer in admission process to gauge quality of prospective students:
The GMAT also provides a standardized test, which is applicable to all students entering admissions to top MBA programs. Other factors such as years of work experience and undergraduate GPA are subjective and can vary depending on the applicant.
Major factor in many major MBA rankings:
Major publication rankings such as the Financial Times, US News and BusinessWeek take into consideration the average GMAT score for each MBA programs incoming class. For example, the mean GMAT and GRE score is weighted at 0.1625% for the US News Ranking. Historically, schools have an incentive to accept students with higher GMAT scored for ranking purposes in these major publication rankings.
Why pursue an online MBA?
There are many reasons to pursue an online MBA degree versus a full-time on-site MBA or a part-time on-site MBA:
Advancement in technology:
The advancement in technology platforms, schools are increasingly able to provide an in-person atmosphere at remote locations for students. For example, many colleges utilize a web platform called ClassroomLIVE, which is an integrated, web-based learning environment that delivers programs in real-time from classrooms on college campus’s direct to students, in their homes, at their workplaces, or while traveling. This provides a synchronous learning opportunity where students are able to interact live with professors and other students during the class as it is taking place on campus. Take a look at an example of the interactive learning platform here.
More accepted among employers:
The stigma among corporate recruiters and hiring mangers when it came to online MBA job seekers was that it was not as respected compared to on-campus MBA offerings. However, with the online MBA becoming more popular among degree seekers, corporate recruiters and hiring managers are weighing the name of your college and the type of degree you have earned is more heavily than the method by which you earned your degree.
Flexibility:
One of the major issues facing MBA degree seekers is balancing their current career or family obligations while also being able to complete an MBA and the learning requirements. Many part-time programs are offered at specific locations on specific days, creating a barrier for applicants to pursue the degree offering. One of the major advantages of pursuing an online MBA program is the flexibility the learning experience offers. Many programs are beginning to offer students the option to attend the classroom learning in person, but not penalizing them for accessing the curriculum remotely.
Lower Cost on Average:
Since the overhead cost are lower for colleges and universities, online MBA programs are typically cheaper than on-site program offerings. This is another advantage for students who are looking to complete a flexible MBA degree at a lower cost. On average, online MBA programs are about 15-20% cheaper than an on-site offering due to the lower overhead.
What are the general requirements of online MBA programs that do not require the GMAT?
For applicants who are looking to bypass the GMAT and pursue an MBA that does not require the GMAT, there still are requirements to be eligible for admissions to many online MBA programs, they include:
- Schools application
- Bachelor’s degree
- Resume
- Letters of Recommendation
- Personal Statement
- Application Fee
What factors should I consider for choosing an online MBA?
Network of professors and faculty
The professors and faculty in your MBA program are one of the most important facilitators as you learn the curriculum of an MBA. Professors have in-depth knowledge of business practices as they apply to the real world and the best ones can challenge you to apply the skills you learn throughout your MBA to real-life scenarios to prepare you as a business professional. It is important to understand your professors background and experience and how it will impact their teaching style and expertise.
Network in the classroom
Although professors and faculty will steer high-level learning, your classmates will have a large impact on your classroom discussions, projects and case studies. Learning from experienced individuals will provide more value and insight throughout your MBA. It is important to prioritize the level of quality among your classmates to enhance your learning experience during your online MBA.
Alumni network
One of the most important assets an MBA program can provide is its inclusion to a wide range of alumni from CEO’s and CFO’s of Fortune 500 companies to presidents and general Managers of global corporations. It is important as you consider the quality of the MBA program, that you also heavily factor in the alumni network that each institution provides to its newly dubbed alumni. These networks open doors to employment and internship opportunities post-graduation.
Internship opportunities
Many MBA programs offer internship opportunities during your educational experience. MBA internships allow you to get your foot in the door while directly applying the knowledge and skills you gained during your MBA. It is also important to research the career services office to see where previous MBA students have interned to make sure the opportunities fit your goals.
List of top online MBA programs that do not require the GMAT:
Loading Programs
Investing in Your Future With These New MBA Jobs
Finance careers continue to be a popular and lucrative option for recent MBA graduates. The work is varied, as finance relates to many industries and companies. In addition, the field is obviously very rewarding, with average graduate earning more than $140,000 according U.S. News & World Report. One of the most popular and well paid areas of finance is work at investment banks.
According to the Corporate Finance Institute, investment banking is the division of a financial institution that aides governments, corporations, and organizations through capital raising and mergers and acquisitions advisory services. Investment banks typically act as intermediaries between investors and corporations, and are often popular landing spots for MBA degree holders to bring their talents. Here’s a look at some of the best new MBA jobs in the investment banking sector: Continue reading…
MBA Job Profile: Senior Analytics Consultant
If you’re interested in big data, including developing and implementing analytics solutions at an organization, a job as a Senior Analytics Consultant could be ideal for you. You’ll be responsible for creating data mining projects and using that information to increase consumer brand awareness and revenue.
Currently, it’s still a somewhat developing field. However, many top companies regularly hire Senior Analytics Consultants, including Wells Fargo, Deloitte, Humana, Accenture, and KPMG. And, by 2020, the big data and business analytics market may reach $203 billion.
What is a Senior Analytics Consultant?
Senior Analytics Consultant are responsible for examining systems and recommending methodologies for improving data and usage. This includes executing data quality and data auditing plans as well as evaluating and presenting on your findings. In fact, one of your major job duties will be creating reports and suggesting business process changes for business users based on your analysis of large amounts of information and data. You’ll also be responsible for interviewing users to identify data needs and delivery mechanisms while also documenting process flows to fulfill business needs.
The role of a Senior Analytics Consultant is similar to most other consulting positions. You’ll be expected to demonstrate leadership qualities will also working well with a team. Regularly, you’ll work closely with other business departments on time-sensitive projects that you’ll have to prioritize in order of importance. In particular, you’ll be expected to demonstrate specific skills including:
- Data Analysis
- Web Analytics
- Data Modeling
- Project Management
- SAS
- SQL
- Statistical Analysis
In fact, according to PayScale, knowledge of web analytics, data modeling, and project management correlate to a pay increase of 23 percent, 17 percent, and 13 percent, respectively.
How Much Does It Pay?
As for what you can expect to earn as a Senior Analytics Consultant, on average base pay starts at $133,343 and generally ranges from $116,885 to $147,822. Top earners may expect salary around $164,298.
However, salary can vary greatly depending on experience. About 38 percent of Senior Analytics Consultants have between just zero and two years of experience, while another 38 percent have between five to ten years of experience. The remaining 25 percent have between two and five years of experience.
Pay also depends on where you’re willing to live. Boston pays the best with average salaries 28 percent above the national average while Minneapolis is one of the worst paying with salaries 7 percent below the national average. Other cities that pay well include:
- Seattle (5 percent above avg)
- Atlanta (5 percent above avg)
- New York (4 percent above avg)
- San Francisco (4 percent above avg)
- Chicago (2 percent above avg)
Getting Started
The minimum requirement to be a Senior Analytics Consultant is a bachelor’s degree in mathematics, statistics, accounting, or a related field. Typically, industry experience in analytics reporting and industry-standard analytics software is also preferred. There are also potential industry certifications that can improve your chances such as the Amazon Web Services (AWS) Certified Big Data – Specialty. Other potential certifications can be found here.
Another great place to start in this career is with an MBA from a top-notch program. Here are a few of our favorite programs to help you on your career path.
Harvard Business School
In March 2018, Harvard Business School welcomed its first cohort of students to its online certificate program in business analytics. This certificate goes into the latest research on how data analytics plays a role in business and brings together HBS with the Harvard John A. Paulson School of Engineering and Applied Sciences. MBA graduates are welcome to expand their analytics skills with this immersive experience.
The Wharton School
The Wharton School knows what it takes for a career in data and analytics—significant research and networking. That’s why for MBAs at Wharton there are many opportunities to expand your skill and background in this area. There’s the MBA Data and Analytics Club (WDAC) and the Wharton Customer Analytics Initiative (WCAI), both of which stress the field of analytics. Wharton MBA students also have access to workshops where they can learn coding languages including R (Open Source Software), SQL, and Tableau.
Tepper School of Business
At Carnegie Mellon University’s Tepper School of Business, students can earn an MBA in Business Analytics. This specialized MBA program offers advanced courses in data analytics to improve business outcomes including theoretical and broad application knowledge. The program looks for business-minded students who want to develop their skills to make better data-driven business decisions. When students graduate, they walk away with hands-on experience in analytical tools and methodologies that will be valuable for their future careers.
These Tech Firms are Looking for Brand New MBA Talent
Not every new MBA job in the tech sector is at Google, Apple, Facebook or Microsoft—there are plenty of exciting opportunities for new tech MBA talent at companies like Hewlett-Packard, IBM, and Adobe. Continue reading…
Top MBA Employers: UBS – The Union Bank of Switzerland
In the MBA job hunt, you may wonder which company will be the best fit for you. Work-life balance, salary requirements, and company culture are all things to consider during your process. However, how much a potential employer values your degree is also crucial. One is wise to focus on companies that seek fresh, new MBA hires, but also for their potential to push future growth. The Union Bank of Switzerland (UBS) is one company that has developed a great reputation for hiring and cultivating student talent, making it a top recruiter for MBAs.
Designed to “unite your education with … hands-on experience” MBA Associate positions can take place either over the summer or full-time. Both positions are in UBS’ Corporate Client Solutions (CCS) division of their investment bank.
The 10-week summer position is open to MBAs between the first and second years of business school. Applications acceptations start in October of the previous year, for employment beginning the following June. Summer Associates will learn how to see transactions through from start to finish under the guidance of senior management, while gaining access to a full range of networking events and seminars.
Full-time Associates will have completed the summer position previous to hiring, and are placed with a team with which they can pursue the next level of immersion into the workings of the CCS.
Finding UBS MBA Internships
Currently, UBS is in search of interns for its Quantitative Trading desk. The quant trading intern will specialize in building predictive models, but will also learn the full range of duties associated with trading. This position requires a desire to learn about market impact, portfolio risk management, and more. An intern in quant trading will join the Investor Client Services team, on which he/she will learn how to offer advice to fund and asset managers as they purchase and sell securities. The position begins with a week long training, followed by nine weeks as a full team member. February 17, 2019 is the deadline for application.
For recent grads hoping to get some work experience first, UBS’s Graduate Talent Program may be a great fit. The New York office is hiring recent grads within its Investment Risk Control department. This position involves knowledge of regulations, laws and rules that govern the investment industry, along with the updating of marketing materials to ensure their accuracy. The Graduate Talent Program hire will gain the opportunity to rotate through the Market and Credit Risk Teams, preparing them for a future in the compliance and regulatory fields. No deadline is currently listed for application.
UBS hires MBA grads around the world as part of its numerous corporate programs, including the UBS Graduate Talent Program, currently looking for new entrants in New York City.
Internships are also available at the New York City, Weehawken, NJ and Stamford, CT offices for Group Operations positions. The focus of these positions is management of company processes to guarantee efficiency and maintain high performance. Servicing the Wealth Management, Asset Management, and Investment Banking divisions of UBS, the Group Operations Intern will analyze current systems, as well as assist in implementing new processes across each department. The deadline for application is June 1, 2019.
UBS MBA Culture
UBS prides itself upon hiring people with diverse backgrounds and experiences, encouraging applicants to draw upon all of their interests. Though your MBA may require focus on your current studies and past business experiences, other team-focused or planning activities are crucial when applying.
As UBS states, “Perhaps you’ve organized a fundraising event or taken part in team sports? Or persevered and passed an exam in a subject you found challenging? Think about how things you’ve achieved match the skills we’re after.”
UBS MBA Salary
According to PayScale, the average BA grad earns about $64,000 USD at UBS. When compared to MBA grads, these figures leap to over $80,000—a 20 percent increase. Salary differences are often depending upon specialty. Specifically, MBAs with a focus in finance earn around $75,000. While those graduating with a focus in information technology may earn over $150,000 per year.
New Investment Banking Jobs for MBA Students and Grads
More than a decade removed from the Great Recession, finance remains a popular and lucrative career for MBAs. There are plenty of varied and well-playing opportunities available across the U.S., with the average graduate earning more than $140,000 according U.S. News & World Report at top firms. Those interested in putting their hat in the ring, here’s a look at some of the best new MBA jobs in investment banking. Continue reading…
Check Out Some New MBA Jobs at These Global Finance Firms
One of the most lucrative careers an MBA can pursue is in financial services. Newer MBA jobs in this field include risk management specialists, financial analysts and asset managers, as well as roles in related emerging sub-sectors like FinTech. For MBAs looking to break into this field, check out our list of five exciting new MBA jobs at these top financial services firms:
Continue reading…
Five Surprisingly Lucrative MBA Destinations
Even though the most common MBA careers are those in the areas of consulting, banking and finance, there are other options out there. In fact, you’d be surprised to learn which companies truly value hiring MBAs into high paying management positions, and the sectors those firms occupy. Whether its tech, media, or retail, here’s a breakout of five surprisingly lucrative MBA destinations. Continue reading…
H-1B Visa Challenges and Post-MBA Industry Employment Outlook
Immigration is in a precarious place in the United States. While media tend to focus on asylum and family separation, the Trump administration has taken aim at the H-1B Visa program. As Clear Admit previously outlined, the H-1B is necessary for any foreign-born individuals who want to work in the United States. Part of the Trump administration’s “America First” policy, the increased attention given to this visa program has created multiple issues for international students and the businesses that hire them.
The first issue that most international MBAs who want to work in the United States will face is the lack of companies who are interested in hiring them. According to the 2018 GMAC Corporate Recruiters Survey, only 47 percent—down from 55 percent in 2017—of all companies surveyed in the United States intended to hiring international candidates. Students interested in working in finance, health care, manufacturing, and nonprofit sectors may want to change their plans as these are the sectors least likely to hire internationals. Only 11 percent of health care firms surveyed said they plan to hire international candidates in 2018, while 14 percent were willing, but had no plans. Seventy-five percent—the highest among the reporting industries—said they would not hire international personnel. Seventy-two percent of non-profit/government agencies and 60 percent of manufacturing companies also responded that they would not be hiring international candidates. The best sectors for international graduates are consulting and technology. Thirty-seven and 39 percent, relatively, reported that they plan to hire international candidates. Over a quarter of companies in both industries reported that they would be willing to hire internationally, but did not have concrete plans to do so.
The reason that it is so hard for international MBA graduates is the nature of the H-1B visa process. If an employer chooses an international graduate and is willing to sponsor their application, neither the firm nor the employee can be sure that the employee will be chosen for the visa lottery.
A current international first-year student at Dartmouth’s Tuck School of Business tells Clear Admit that they haven’t second-guessed their decision to attend a U.S. school:
“I do think about visas, but I am not worried. I look at my MBA from a top school as a long-term investment. I am confident it will deliver returns in many ways throughout my future. My advice to other international students is 1) know why you want the MBA and how precisely you want to utilize it before arriving to school and 2) complete the company research and practice to be extra prepared for recruiting.”
The number of international job-seekers in the United States has declined over the last two years from its peak of 236,000 in 2016. However, the number of applicants for H-1B visas remains high—190,000 people applied for 85,000 H1-B visas in 2018, filling the slots in five days, according to a U.S. Citizenship and Immigrant Services (USCIS) survey.
In addition to the small number of slots, applicants have to deal with the fact that USCIS has increased discretion over how visas are distributed. Although they are generally three years in length, H-1B visas under Trump’s USCIS have been of increasingly bizarre lengths. As noted in the lawsuit, ITServe Alliance v. USCIS, USCIS has issued visas that last one day and 12 days. One specific visa was expired for three weeks before it was received by the recipient. This has led to increased uncertainty around international MBA students getting the cover that they need to work in the United States.
If an international MBA student has received their three-year H-1B visa and has their desired position, he or she might run into difficulty being with their loved ones in the United States. H-1B holders can bring their partners over to stay with them on an H-4 visa while they wait for permanent residency; however, the Trump administration has spoken openly about eliminating this program. While legislation has been proffered to ensure that this program stays in place, the legislation’s chances of becoming law are slim to nil.
Although the current situation is grim, there are efforts being made to improve the situation. Tech firms, a primary beneficiary of the H-1B visa program, have been lobbying Congress to increase the 85,000-person cap for the visas. In addition, there is support among both parties in Congress to ensure that the H-4 program stays in place.
However, this might be too little, too late. These various difficulties have caused a decline in the number of international applicants at U.S.-based MBA programs. According to the GMAC 2018 Application Trends Survey Report, in the two years of the Trump administration, the number of international applicants to full-time MBA programs has decreased 13 percent.
With the system as it is oriented now, being an international MBA student will remain challenging. Tuck’s Emma He T’17 suggests that fellow (and hopeful) international students “target companies early, be willing to expand your search areas, and/or leverage your background for potential visa exceptions” in order to “mitigate visa concerns.”
Relief might come in the future, but it appears that putting America first will hurt U.S. MBA programs.
This article has been edited and republished with permissions from its original source, Clear Admit.
Top New Consulting MBA Jobs at Non-Big Four Firms
While it’s great to aim for the stars, not every MBA can and will land a job at one of the Big Four firms of KPMG, Ernst & Young, Deloitte, and PricewaterCoopers. However, there are plenty of other new MBA jobs available at other big-name firms. Here’s a look at some of the best new MBA jobs open at companies like Accenture, Wolters Kluwer, BCG, and more. Continue reading…
New MBA Jobs in the Energy Sector
If money makes the world go ‘round, the energy sector runs the machines that keep it going. With new energy sector jobs for MBAs popping up regularly, there are plenty of opportunities for recent graduates and current students. Check out some of the best new jobs at companies like Exxon, General Electric, and BP below: Continue reading…
Full-Time MBA
University of Rochester Simon Business School Full-Time MBA Overview
The innovative Simon Business School MBA curriculum is designed around your career success and allows you to:
• Take more electives in the first year, and take them earlier in your program of study.
• Travel through your curricular experience with a cohort of students with similar career interests.
• Enter the workforce as a polished professional by taking two required breadth electives designed to prepare you with the skills employers desire.
• Choose from 10 specializations organized in three tracks—finance, marketing, and consulting—as well as the opportunity to round out studies by choosing one or more minors, designed to provide a deeper understanding in 10 key areas.
• Pursue various hand-on learning opportunities, such as international immersions, case competitions, and project-based courses designed for you to work with a team to develop real business solutions for clients.
In addition, you can choose to pursue our STEM-designated MBA option, which shows recruiters that you’ll arrive on the job with analytic tools and leadership skills that positively impact a company’s bottom line. In addition, the designation allows international students to work in the US for up to 36 months on a student visa, if hired in a STEM-eligible role.
Learn more about our MBA curriculum.
Class Profile
The University of Rochester Simon Business School full-time MBA Class of 2022 features 126 total students that are, on average, 28-years old. About 58 percent of the class is male, while 42 percent is female, and 37 percent of the class is international. Forty-six percent of US students are African American, Hispanic American, or Native American.
On average, students enroll in the full-time program with 4.9 years of work experience a median GPA (80th percentile) between 2.8–3.7, and a GMAT score (80th percentile) between 540–720.
Tuition, Scholarships, and Financial Aid
Tuition for the full-time MBA at the Simon Business School is currently $48,000. About 85 percent of the full-time class receives scholarship support.
Admissions
Please include the following in order to apply:
• Online application
• Current résumé and work history
• One required essay (250-500 word limit)
• Applicant interesting fact (25 word limit)
• School-issued official transcripts, scanned and uploaded for each college attended
• Test-taker results for GMAT, GRE, or Executive Assessment (including Analytical Writing Assessment), scanned and uploaded (view school code here)
• Contact information for two references who can provide a professional recommendation, if contacted
• $90 application fee
Simon Business School is honored to waive the application fee for active-duty military members and veterans and other eligible full-time MBA applicants.
International Applicants:
• Test-taker results for TOEFL or IELTS, scanned and uploaded (view school code here)
• Required of all international candidates except those who attended three or more consecutive years of post-secondary education taught solely in English and received a baccalaureate or master’s degree from a college or university where English was the language of instruction.
Fall 2021 application deadlines are as follows:
October 15
January 5
February 15
March 31
May 1
The Big Payback: The Highest Paying Jobs for MBAs
Even in 2019, the search for the right MBA program is as unique as each student, and the reasons for applying are as varied as the programs themselves. Advancement in an existing career is an obvious motivation, as is breaking into a new industry or shifting one’s career focus.
One thing that all MBAs can likely agree with, however, is that earning potential is a leading incentive. This brings up questions about the most lucrative fields. Choosing the right concentration can be the first step toward achieving a position that will truly pay off. The following is a look at the current highest paying jobs for MBAs, as well as the majors that can open the necessary doors.
The Highest Paying Jobs for MBAs
Topping the list of the highest paid professions for MBAs in 2018 is strategic management. This specialization leads the way in terms of early to mid career salary, with salary averages beginning at around $125,000. Professionals with this degree and concentration earned $148,000 at the mid-point of their careers. Among the career functions for MBAs with a strategy focus are management consultant, senior strategy manager, senior product manager. Google, Amazon, PwC, and Intel are among the companies hiring for strategic management based positions.
Second on the list of highest paying MBA careers is technology management, which for many grows out of a background in IT or software development. According to Monster.com, tech management careers can start at around $113,000 per year, and advancement leads to a jump to upwards of $165,000. Roles such as senior project manager, vice president of IT, and IT director all emerge from a tech background. Companies such as Accenture, Deloitte, Cisco Systems, and HP all offer leading starting salaries in the IT management field.
Entrepreneurship also falls into the top three earning fields for MBAs. Starting salaries, according to data gathered from PayScale, hover around $100,000 per year, and reach up to around $135,000. Such roles as senior project manager and management consultant are options in the entrepreneurial field, as are various leadership roles in the growing fintech industry. Top hiring companies for entrepreneurship MBAs, according to PayScale, are Amazon, IBM, General Electric, and the Boeing Company.
A career in finance is the fourth of the highest paying categories for MBAs, with a starting salary hovering in the $100,000 range. Those with their sights upon chief financial officer, portfolio management, or financial management positions can hope to land jobs in this arena with high earning power. New York Life Insurance, Fidelity Investments, and Vanguard are currently seeking MBAs for various finance positions.
Along with strategy, tech management, entrepreneurship, and finance, marketing ranks among the most lucrative fields for MBAs. While some marketing jobs do not require an MBA, one can see a wider, more profitable range of options with a specialized study in marketing. Upper level marketing positions can start at around $80,000 per year, and can grow well above $120,000. Current listings for MBAs with a marketing focus include Dell, Microsoft, and, of course, Amazon.
