Top MBA Recruiters: Breaking Into Personal Care Empire L’Oreal
Considered by many as the world’s top beauty brand, L’Oreal is well known for its well-known fragrances, hair, nails, makeup, and skincare products, with a portfolio boasting legendary brands like Maybelline, Garnier, Redken, and Ralph Lauren. Headquartered in Clichy, Hauts-de-Seine, France, the company has also become a surprisingly strong top MBA recruiter. Lets take a look at what business school students need to know about the personal care empire.
Cornell Alum Supports Cornell Tech NYC Intensives with Substantial Gift
More students at Cornell’s Johnson Graduate School of Management have been able to spend a semester of their time in business school studying at the Cornell Tech campus in New York City thanks to a generous gift by Cornell alumnus Richard G. Schneider (B.S. ’70).
The gift went toward subsidized housing costs for around 25 Ithaca-based students who took part in Cornell Tech’s New York City fintech and digital marketing intensives. The intensives took place during the first seven weeks of the spring 2018 semester and offered MBA students the chance to collaborate and learn from each other in the heart of the Big Apple.
Schneider has spent 35 years in consulting, 25 of those at Deloitte Consulting LLP. At Deloitte his primary focus was on the consumer products and healthcare/life science industries, but he also led the firm’s consulting strategy practice for seven years and was responsible for all MBA campus recruiting for five years. Although his MBA is from Harvard Business School, he served on Johnson’s Advisory Council from 2006 to 2014 and remains an emeritus member.
He saw his gift as an opportunity to give back to Cornell. “I had been involved with Cornell in various ways,” he said in a news release, “but this gave me a chance to play in an area that I knew a lot about—the business school world. It just gave me a chance to give back to the school and really feel like I was contributing.”
Schneider’s decision to invest in the New York City intensives was due in part to Johnson Dean Mark Nelson’s assessment of where Johnson needed help. Nelson explained how crucial it was to make it easier for Ithaca students 
to participate in and benefit from Cornell Tech in New York City. One of the most significant barriers was affordability.
Schneider’s contribution helped to make it easier for Ithaca MBA students to relocate to New York City for half a semester. It was good news for a program that has captured the imaginations of Cornell students since its inception.
According to Cristina Chang (MBA ’18), who completed the fintech intensive this spring, it was one of the most rewarding scholastic experiences she’s had so far.
“There are lots of events co-hosted by Cornell Tech and other organizations, such as the Women in Venture Capital symposium co-hosted with Bloomberg,” she explained. “I never imagined I would have these kinds of opportunities to meet these outstanding leaders in person.”
Julia Heim (MBA ’18) had a similar experience in the digital marketing intensive. “Being so close to the industry in NYC has allowed our professors to get great companies and speakers to campus,” she said. “Having access to the latest trends and industry knowledge is something that is so invaluable, and I am grateful for having had the opportunity to be part of this intensive.”
Overall, Schneider is excited about the opportunities that Cornell Tech presents for students and believes that it “could be the biggest thing for the university … for decades.”
This article has been edited and republished with permissions from our sister site, Clear Admit.
Bloomberg Businessweek Praises Rutgers, and More – New York News
Let’s explore some of the most interesting stories that have emerged from New York business schools this week.
Bloomberg Ranks Rutgers MBA No. 1 in the Northeast in Job Placement – Rutgers Business Blog
In its “Best Graduate Business Schools of 2017 ” survey, Bloomberg Businessweek ranked Rutgers Business School (Newark, New Brunswick) as the top business school in terms of job placement within the Northeastern United States,. coming in second overall in the United States. Andy Heller, RBS MBA ’11 and current senior associate director of payor and health system marketing at Boehringer Ingelheim sang Rutgers’ praises in terms of preparing him to succeed in the corporate world.
“That kind of experience has helped me each and every day since graduation. Having diverse perspectives on our team ensured that our solutions would be differentiated, yet relevant, and impactful,” Heller notes.
In addition, RBS topped its fellow Big Ten competitors when it came to return on investment, narrowly edging out the University of Iowa College of Business, and Northwestern University’s Kellogg School of Management. The latter of which offered a higher multi-year ROI for potential MBA students, but cost much more in terms of tuition.
Read more about Rutgers’ rankings and accolades here.
Are You a Good Fit for the Executive MBA/MS in Healthcare Leadership Program? – Johnson Business Feed
The Executive MBA/MS in Healthcare Leadership program at Cornell’s SC Johnson School of Management “integrates the general management curriculum of Johnson’s Executive MBA programs with the deep healthcare expertise of Weill Cornell Medicine’s Healthcare Policy and Research Department.” The joint program was developed to “reflect the future of healthcare” and help “sharpen and deepen the skill sets of healthcare professionals through business and healthcare leadership education,” according to the school.
“Today’s healthcare leaders need to be open to knowledge from different vantage points so they can advance progressive healthcare agendas, locally and nationally. Many healthcare leadership programs are exclusively for physicians. However, as we developed this new program, the physicians we spoke to expressed interest in an executive healthcare program that welcomed non-clinicians from different sectors of healthcare—not just practitioners.”
Take a look at the makeup of the Executive program below:
You can read here to learn more about what the program looks for in terms of applicants.
Rewiring Hidden Biases for Better Outcomes – Gabelli Connect
Fordham University’s Gabelli School of Business recently hosted a talk by Harvard professor of social ethics Mahzarin Banaji who unpacked the hidden biases of well-intentioned people—that is, “the beliefs that live in the subconscious and are formulated due to various exposures throughout one’s life.”
Banaji explains:
“A bias is nothing more than a tilting away from neutrality. There’s bias in the mind of the receiver and the applicant. We have to work with the very groups that are holding themselves back and educate those who are holding them back. We are capable of change by how many times we stretch those muscles.”
Learn more about Banaji’s take on unconscious biases here.
What Are The Most Valuable Toronto MBA Programs?
For prospective MBAs, looking at the price tag of earning a degree can be startling- and may even deter talented business leaders from pursuing an advanced education. The fear is certainly justified: an MBA from some of North America’s top business school can reach upwards of $100,000.
Yet, when considering the well-recorded increase that most professionals witness in their salary after earning an MBA, along with a greater likelihood of finding employment, the seemingly impossible cost of an MBA can seem more within reach.
Factors like the cost of a degree, salary increase after graduation and employment rate of graduates are all key numbers that must be considered together before one can determine the true cost of a degree. Below, we take a glance at these different numbers and round up the Toronto MBA programs that provide the best return on investment.
Ivey Business School – Western University Canada
The Ivey Business School at Western University Canada MBA program began in 1950, and has since established itself as one of the best offerings in the world. The business school’s rich legacy has been recognized again and again by the likes of Bloomberg, which touted its MBA as the 11th best international MBA program in 2017. Ivey, with its main teaching center on Western University’s campus in London, Ontario, offers a variety of MBA experiences, such as an full-time, Accelerated, and Executive MBA. The Tangerine Leadership Centre in Toronto’s downtown business district also offers EMBA courses through the Ivey Business School.
The full-time MBA at Ivey is a 12-month program that costs $88,250 to attend for domestic students and $101,500 USD for international applicants. According to the most recent Ivey employment report, about 91 percent of the 169 students in the Class of 2017 earned a job opportunity shortly after graduation, reporting an average salary of $103,560. More than one-third of the Class of 2017 also earned a singing bonus upon employment with a median value of $15,000. Signing bonuses for Ivey MBA grads ranged as high as $45,000 alone, proving that even with high price tag, the degree can immediately pay off.
Ivey Return on Investment (In USD)
| Ivey MBA Tuition | Median Signing Bonus | Median Annual Salary |
|---|---|---|
| $88,250 | $15,000 | $103,560 |
Schulich School of Business – York University
The Schulich School of Business at York University offers students a number of ways to pursue an advanced business education, from full-time, Executive, and International MBA programs as well as offering Master’s degrees in accounting, finance, business analytics, and more. The Schulich International MBA is the first of its kind in Canada, and the Kellogg-Schulich Executive MBA is North America’s first ever cross-border executive MBA degree. However, length of programs should be taken into consideration, since it will determine the time without a full-time income; an important distinction for students that are looking to enter the workforce as soon as possible. At 16-20 months, an MBA at Schulich will take slightly longer to earn than year-long programs like at Ivey.
Roughly 89 percent of graduates from Schulich’s MBA programs find a job within three months, earning an average base salary of $91,860 USD and an average singing bonus of $12,050. Full-time MBA students at Schulich will pay a tuition of $77,900 during the life of the degree, while part-time students pay $81,000. Meaning, grads typically earn about $10,000 more in their first year of employment than the entire cost of the program.
Schulich Return on Investment (In USD)
| Schulich MBA Tuition | Median Signing Bonus | Median Annual Salary |
|---|---|---|
| $77,900 | $12,050 | $91,860 |
Rotman School of Management – University of Toronto
The Rotman School of Management at the University of Toronto can boast of origins dating all the way back to 1901, when the university first established a diploma program in commerce. By 1972, the School of Business was an official part of the university, and hasn’t stopped growing since. Today, the Rotman School of Management has become universally recognized by the likes of Financial Times the and Bloomberg as one of the best business schools in the country. Located in downtown Toronto, Rotman offers a two-year, full-time MBA degree, but also more flexible options such as part-time morning and evening MBA programs, executive MBA, and an 18-month Global Executive MBA.
The two-year, full-time MBA tuition at Rotman comes with a price tag of $101,350 CAD ($74,999 USD). However, graduates—80 percent of whom typically find employment within three months after earning their degree—saw a median base salary of $85,000 and median signing bonus of $13,500. This salary increase seems to be typical of MBA graduates in Canada, so considerations of employment rate and program duration may be most important when evaluating Return on Investment for top programs in Canada.
Rotman Return on Investment (In USD)
| Rotman MBA Tuition | Median Signing Bonus | Median Annual Salary |
|---|---|---|
| $74,999 | $13,500 | $85,000 |
Oxford Saïd MBA Students Suggests a Few 2018 Resolutions
The start of every year is a great time to reflect on what went well the previous year—and how you can improve in the next. Indeed, the time-honored tradition of setting resolutions for the new year can be especially valuable for MBA students and applicants. Whether you’ve just completed your first or third semester of an MBA program or are still working on perfecting your MBA applications, there are always a few resolutions that can help make the most of how ever much of your MBA experience is still ahead of you.
We’ve compiled a list of business school New Year’s resolutions from current MBA students at the University of Oxford Saïd Business School. While some are specific to Saïd’s program, they all represent great business school advice you’d do well to read regardless of whether you haven’t yet started or are closing in on graduation.
Business School New Year’s Resolution One: Balance Your Time
Whether you’re busily working on your applications, are about to start your first semester in an MBA program, or whether your final semester stretches out in front of you, learning how to balance your time is key to success in any MBA program. Marla Woodward (MBA ’18) explains how important it is to take care of all aspects of your life.
“To balance your time, pick an activity for your mind, an activity for your body, and an activity for your spirit,” Woodward wrote in a blog. “For example, this term I’m leading a project for the Oxford Strategy Group for my mind, I’m participating in fencing for my body, and I’m maintaining weekly family dog walks for my spirit.”
Containing the amount of time spent on schoolwork is also important. During your MBA, you’ll be presented with countless readings and assignments. Each class will load your schedule with things to do, and the best way to achieve success is to plan out how you’ll budget your time to get everything done for class while not overwhelming your life.
“Map out all readings, exams, and group projects in your calendar, so you know what’s coming when,” Woodward recommends. “This will help you anticipate how to budget your time when you have multiple group projects all due on the same day, and it will also come in handy when, heaven forbid, you can only find time for a portion of the readings and you need to decide which are the most valuable.”
Business School New Year’s Resolution Two: Take Advantage of Your Network of Classmates
This resolution is especially important for applicants who are preparing to start an MBA in 2018. Instead of thinking of it as entering a world of strangers, Bremen Leak (MBA ’18) advocates taking the attitude of poet W.B . Yeats who said, “There are no strangers, only friends you have not met yet.”
When Leak first started his studies at Oxford Saïd, it seemed like everything that could go wrong did. He was waitlisted. Then, once he was finally accepted, his housing fell through, and he was left without a place to live. But after starting school, he was offered a place to live by a classmate he had just met. And this was just the first of many times that he says a classmate helped him out.
“Since my first day inside the business school, I’ve watched my classmates—some 330 MBAs from 60 countries—band together to help one another succeed,” Leak wrote in a blog. “They’ve divvied up reading assignments and formed study groups and tutoring sessions. They’ve shared jokes, drinks, encouragement, and advice… Who were these people but strangers just a few months earlier?”
If it wasn’t for the fact that Leak had learned to treat his classmates like close friends, no matter how long [or short] their acquaintance, he could have missed out on many opportunities.
Business School New Year’s Resolution Three: Use Every Resource Available to You
From the moment you first start considering an MBA, there will be countless resources available to help you make the best decision. Here at Clear Admit, we offer dozens of articles each week containing the latest MBA news, advice from admissions teams, and interviews with current students. Of course, there are also the rankings from outfits like U.S. News & World Report, the Financial Times, Bloomberg Businessweek, and others to help you find the best program for you.
Perhaps most important of all are the resources provided by individual MBA programs themselves. There are the websites, of course, and the information sessions and the school fairs. But many applicants tell us that the most invaluable resources provided by the schools are the students themselves and everything you encounter on campus is a visit is in any way possible.
That’s what Nikhil Dugal (MBA ’18) discovered when he first started considering an MBA. In fact, the availability of resources was one of the main reasons he chose Oxford Saïd—in particular, the resource of the Skoll Centre for Social Entrepreneurship.
“Coming from a background in economics and math, I wanted to study business in a place that was focused on supporting social entrepreneurs and actively involved in the changing narrative on the nature of business. Due to this reason, I had a very specific list of MBA programs,” Dugal explained on a Skoll Centre blog. “Saïd Business School was at the top of this list, especially due to the countless resources they offer to social entrepreneurs and the presence of the Skoll Centre.”
Those resources helped Dugal receive the Skoll Scholarship, which provided him with the opportunity to pursue his goals without worrying about his finances. Since starting his MBA, there have been many other opportunities.
“Over the next year I plan to use all the resources we are offered here, including programs such as Map the System, Skoll Academy, and Skoll Venture Awards to refine the mission of my organization and explore levers for change to help us scale our impact,” Dugal wrote. “I’ve had the opportunity to attend a few sessions at the Skoll Academy already and am extremely impressed with the program the Centre has been able to put together as an alternative to the Consulting Development Program and the Finance Lab offered to the rest of the MBA class.”
With just a week into the New Year, there’s plenty of time to make good on your business school resolutions. What are you waiting for?
This article has been edited and republished with permissions from our sister site, Clear Admit.
The Lorenzo Fertitta Legacy at NYU Stern
“Never be the smartest guy in the room. Surround yourself with talent.”
