MBA Alum Spotlight: Wharton Alum and Alphabet CFO Ruth Porat
In March 2015, the New York Times called Ruth Porat one of the most powerful women on Wall Street, and claimed she was poised to “immediately become one of the most powerful women in Silicon Valley” as CFO of Google’s corporate umbrella, Alphabet.
Metro News & Notes: Return on Investment, Firing CEOs and More
Good morning and happy Friday!
Here are a few stories you may have missed from the week that was …
Metro News And Notes: Brexit Affecting UK Education, Hulu At UCLA And More
Good morning and happy Friday!
Here are a few stories you may have missed from the week that was …
Inside the FinTech Industry
Finance has always been one of the hottest MBA industries. In fact, at many top schools such as the Booth School of Business and NYU Stern, over 30 percent of MBA graduates go into the financial industry each year. Why? Because it’s lucrative—the average Finance MBA earns $121,000 a year compared to $104,000 for other specialties—and well respected. However, until now, one thing that an MBA in finance did not offer was innovation.
The finance industry is one of the oldest and most prestigious industries around. It’s built on a foundation of history and careful research; after all, no company wants a CFO who makes decisions based on gut instinct. But, recently, a new side of the financial services industry has started to gain traction: FinTech. Continue reading…
Questrom Professor Very Skeptical of Trump Economic Plan
Through the endless waves of scandals, soundbites and all-around misery-inducing headlines caused by the “is this over yet?” 2016 U.S. presidential election, there is still the matter of policy.
And like so many questions tossed on the mountain of concerns of a potential victory for Republican candidate Donald Trump, economic reality is becoming tough to ignore.
Boston University’s Questrom School of Business professor and former Federal Bank examiner Mark T. Williams is among many in the hesitant camp, citing the improbable logistics of Trump’s proposed economic plan. In a guest post with Business Insider, Williams plainly states, “ There is good reason few economists have endorsed Trump’s economic plan.”
“Trump claims his ‘America First’ plan will grow the U.S. economy over the next decade by a whopping 3.5 to 4 percent, generating 25 million new jobs,” he writes. “For perspective, the 1980s much lionized Reagan-era only generated 16 million. If Trump can deliver, who wouldn’t want this economic utopia? Unfortunately, his policy is not grounded in reality.”
To call Williams just skeptical of Trump’s proposed idea would be a disservice. The entire piece acts as a commanding dissection of every angle of the potential policies, from muting global trade, lowering corporate tax rates, trickle-down economics, eliminating financial regulations and even Trump’s much talked-about immigration policies.
“Further, Trump claims that restricting immigration will create economic prosperity. But history has proven this will have the opposite effect,” he writes.
“Immigration helps increase the labor pool of skilled and unskilled workers. More people working, paying taxes, buying homes, and starting new businesses lifts U.S. economic growth. Due to existing demographics, greater restrictions on immigration would only exacerbate the current labor shortage and hobble further economic growth.”
Williams, the author of Uncontrolled Risk: The Lessons of Lehman Brothers and How Systemic Risk Can Still Bring Down the World Financial System, cements his argument with a simple, “It ignores history, uses failed policy, promises what is impossible and, if implemented, would cause significant harm to an ever strengthening U.S. economy.”
Top MBA Recruiters: Apple
Okay, let’s take a second to think about something: How many Apple products do you own? Macbook Pro, check; iPhone, check; Apple Watch, check; the list goes on and on.
Apple has created, produced and innovated such great products over the years that the company has really changed the face of the consumer electronics industry. The late Steve Jobs—a college dropout—gets a lot of the credit for Apple’s industry success, but there’s also a team of MBAs working for the Cupertino-based company, each making sure that the innovation doesn’t stop. Continue reading…
