How to Find Your Role with Healthcare Giant McKesson
Since 1833, McKesson has been one of America’s most successful companies, known for its world-class health care systems including medical supplies, pharmaceutical products, medical technology, and care management tools.
Founded in New York City and now headquartered in San Francisco, CA, McKesson is a Fortune Global 500 company with the fifth highest revenue in the U.S. In 2017, the company generated $198.5 billion in revenue through its extensive network infrastructure in the health care industry. Continue reading…
The Fastest California MBA Programs
Earning an MBA in no simple task, and takes commitment on several levels. Of course there’s the financial commitment and, for those in part-time programs, there’s also a work commitment. There’s also a large time commitment involved—prospective MBAs must sink time into studying, attending class, immersion courses, case competitions, and the like. Continue reading…
The California MBA Program Guide
If you’re looking to earn a California MBA, where should you go to school? Should you choose a top MBA program in Los Angeles or San Francisco? Both cities offer beautiful weather, gorgeous beaches, and world-class business education, but is one location better than the other?
Los Angeles vs. San Francisco
To get started, it’s necessary to compare the cost of living in Los Angeles and San Francisco. According to Numbeo, the world’s largest database containing user contributed data about cities, San Francisco is far and away the more expensive place to live. You would need $7,748.24 in San Francisco, CA to afford the same lifestyle that you can have for $5,700 in Los Angeles. That’s just over $2,000 more per month needed to live in San Francisco, and here’s how that’s broken down.
- Consumer Prices:98 percent higher in San Francisco
- Rent Prices: 51 percent higher in San Francisco
- Restaurant Prices: 62 percent higher in San Francisco
- Groceries Cost: 8 percent higher in San Francisco
- Local Purchasing Power: 77 percent higher in San Francisco
Right off the bat, it’s obvious that the cost of rent (real estate) is what will eat up most of your paycheck in San Francisco, but is that offset by anything? Here are the other things to consider when choosing between San Francisco and Los Angeles.
- Industries
- Los Angeles is ranked top in the country for manufacturing with over 500,000 workers in the industry. Other top industries include banking and finance (more than 100 foreign and domestic banks), entertainment, and tourism.
- San Francisco, on the other hand, is known as Silicon Valley (with San Jose) for its technology companies and startups (Intel, Apple, Genentech, Google, Uber, and Twitter). It’s also a great city for finance, global business, medical science, biotechnology, tourism, and fashion apparel (home of the Levi Strauss & Co headquarters).
- Economic Development: According to the Center for Jobs, San Francisco far and away outperforms Los Angeles in terms of economic growth and development with the Bay Area growing year-over-year while LA has struggled with almost consistent decreases.
- Top Companies: California is home to 53 Fortune 500 companies, second only to NYC. And more of those companies are located in the Bay Area compared to Los Angeles. San Francisco is home to Apple (3), McKesson (5), Chevron (19), and Wells Fargo (25). While Los Angeles is home to Aecom (161), CBRE (214), and Reliance Steel & Aluminum Co (320).
Los Angeles vs San Francisco MBA Programs
The next step is to compare the top three MBA programs in each city. In particular, we wanted to take a look at the tuition rates (two years), GMAT averages, and post-graduation salaries at each program in each city to get a well-rounded picture.
There are a few things to note right away.
- San Francisco is home to more highly ranked MBA programs with two ranking in the top ten on every list. However, it’s important to note that both cities have programs that rank well and are considered top tier schools.
- The average tuition in each city is fairly even. However, the most expensive ($137,00) and the most affordable ($77,000) schools are located in San Francisco, whereas Los Angeles is more even regarding tuition across the board.
- You’ll need a better GMAT score to go to a school in San Francisco, and that GMAT score translates into a higher salary after graduation. San Francisco graduates earn about $11,000 more per year compared to their LA counterparts.
Here’s how it all breaks down per school.
Top 3 Los Angeles MBA Programs
Anderson School of Management – UCLA
The UCLA Anderson School of Management offers a full-time MBA, a part-time MBA, an Executive MBA, and a UCLA-NUS Global MBA (Asia Pacific) program. It’s considered one of the top business schools in the world, ranking 6th in the Economist, 15th in Forbes, 16th in the U.S. News & World Report, and 25th in Financial Times.
- Tuition Rates (two years): $117,176
- GMAT Averages: 719
- Post-Grad Salaries (Mean): $119,964
Marshall School of Business – USC
The Marshall School of Business at USC offers a full-time MBA program, a part-time MBA, an Executive MBA, and IBEAR (International Business Education and Research) MBA, and an Online MBA program. The school’s full-time MBA program is ranked: 20th in the U.S. News & World Report, 33rd in Forbes, 59th in Financial Times, and 65th in the Economist.
- Tuition Rates (two years): $116,361
- GMAT Averages: 703
- Post-Grad Salaries (Mean): $115,309
The Paul Merage School of Business – University of California, Irvine
The Paul Merage School of Business has both a full-time MBA program as well as a part-time fully-employed MBA program. In addition, the school offers an Executive MBA and a Health Care Executive MBA program. The business school is ranked highly across multiple rankings including 41st in Forbes, 42nd in the U.S. News & World Report, 56th in the Economist, 64th in Financial Times.
- Tuition Rates (two years): $87,661
- GMAT Averages: 652
- Post-Grad Salaries (Mean): $97,808
Top 3 San Francisco MBA Programs
Haas School of Business – UC Berkeley
The Haas School of Business offers a full-time MBA, part-time MBA, and Executive MBA program. Haas is ranked as one of the top business school’s in the world ranking in the top ten on every list: 7th overall in U.S. News & World Report and 7th overall in the Economist, as well as 9th overall in Forbes, and 10th overall in the Financial Times.
- Tuition Rates (two years): $117,444
- GMAT Averages: 725
- Post-Grad Salaries (Mean): $125,573
Stanford University Graduate School of Business
The Stanford University Graduate School of Business offers only a full-time MBA program, but it’s one of, if not the top two-year program in the world. When looking at how Stanford GSB stacks up to the competition, the rankings speak for themselves with all in the top ten and most in the top five, including: 1st overall in the Financial Times, 2nd overall in Forbes, 4th in the U.S. News & World Report, and 9th in the Economist.
- Tuition Rates (two years): $137,736
- GMAT Averages: 733
- Post-Grad Salaries (Mean): $144,455
UC Davis Graduate School of Management
At the UC Davis Graduate School of Management, MBA applicants can apply to the full-time MBA or the part-time MBA program. Once again, UC Davis is one of the top schools in the world, ranking 37th in the U.S. News & World Report, 63rd in Forbes, and 67th in the Economist.
- Tuition Rates (two years): $77,698
- GMAT Averages: 669
- Post-Grad Salaries (Mean): $97,695
California MBA Breakdown in Charts
When breaking down the data between MBA programs in Los Angeles and San Francisco, here’s what it looks like
California MBA Tuition (Los Angeles vs. San Francisco)
California MBA GMAT Averages
California MBA Post-Graduation Salaries
USC Tells the Story of Their Own Hero, and More – Los Angeles News
We’ve rounded up the top news stories coming out of the Los Angeles metro this week.
A Hero MBA – USC Marshall Newsroom
The Marshall School of Business at USC recently celebrated the graduation of the MBA Class of 2018, including Marine Corps Cap. Corban Pierce. Pierce, his MBA now in hand, hopes to use his degree to start a nonprofit that will help children around the world.
“I wanted to find a school that shared my values of entrepreneurship and helping people,” Pierce recalled on his decision to attend Marshall in a recent interview. “I found that spirit at USC.”
Pierce, who has served the country as the executive officer at Reconnaissance Training Company in the Marine Corps. He was attracted to USC for their combination of unrelenting high standards and flexibility. Pursuing the online MBA at Marshall, Pierce was able to continue his work training young Marines at Camp Pendleton, be a father to his five-year-old son, and still earn his degree. He plans to continue his military service after graduation, and is excited to put the skills he learned in the program to work. “It’s not about solving major crises,” Pierce said, commenting on his long-term goal of using business to create lasting change.
“It’s solving small things.”
You can read more about Pierce’s experience with the USC Marshall Online MBA here.
California Gains More Than 39,000 jobs; Unemployment Falls to Record Low – LA Times
A recent LA Times report from the Employment Development Department revealed a boost in the California economy throughout April, despite worries of an economic downturn. In March, the unemployment rate in the state had fallen to a record low of 4.2 percent, but April showed widespread job growth throughout multiple sectors. In the professional and business services sector alone, California witnessed an increase of 8,500 jobs.
“Each month in 2018, it seems that California’s employment boom will end, and each month it continues,” commented former director of the Employment Development Department Michael Bernick. In fact, all metros in Southern California saw an increase in the number of jobs throughout April. With 11,200 added jobs, San Diego County had the highest of any region in the state, and Los Angeles was close behind with an increase of 6,400.
“Good numbers,” said Dave Smith, an economist at the Pepperdine University Graziadio School of Business and Management. “There are no signs of a potential downturn. The potential risk factors are overheating.”
Read more about California job gains and the employment report here.
ABC’s Move to Ax ‘Roseanne’ Reflects Businesses are Often at Front Lines of Culture Wars – U.S.A. Today
UCLA Anderson School of Management Jay Tucker, executive director at the Center for Media, Entertainment & Sports, recently commented on the cancellation of the Roseanne reboot by the ABC network, after its titular star, Roseanne Barr, posted several inflammatory tweets regarding Valerie Jarrett—a former aide under President Barack Obama—in comparison to apes from the ‘Planet of the Apes’ film franchise.
In an interview with USA Today, Tucker remarks, “In an earlier (TV) era, it would have taken half a season to make that decision after much internal analysis.”
“But the network now faces a backlash from other quarters. Many of the comedian’s fans blame the show’s cancellation on political correctness and are threatening a boycott of their own.”
You can read the remainder of the article here.
The Aetna-CVS Merger, Graziadio Name Change and More – Los Angeles News
We’ve rounded up some of the top stories from business schools in the Los Angeles metro this week.
Will the Aetna/CVS Merger Transform American Health Care? – Mihaylo News Room
Xiaoying Xie, finance professor at the Mihaylo College of Business at California State University, Fullerton, weighed in this week on the potential upcoming Aetna-CVS merger. The deal, which was approved by both companies’ shareholders in December 2017, remains to be confirmed by the federal Department of Justice.
A specialist in insurance studies, Professor Xie believes there may be potential benefits to the merger. By combining insurance companies, medical providers and pharmacy services, Xie says, benefits will be passed on to the consumers in the form of convenience and lowered costs. “It may possibly lower the overall health care costs through offering a one-stop solution for minor medical services and helping members manage their chronic diseases more cost-effectively.”
To read more about the merger and Professor Xie’s research, click here.
Fishing for Profits: UCLA Anderson Field Study Team Dives Deep into Galapagos Tuna Supply Chain – UCLA Anderson Blog
MBA students at the UCLA Anderson School of Management recently gave their final presentations as part of the school’s Applied Management Research (AMR) program. AMR is the country’s first ever business school field study program, partnering students with top organizations to solve an important strategic problem. MBA students in the AMR program complete research projects in place of a thesis, and this year that included four Anderson teams partnering with Conservation International, an organization that connects student consultants with local experts and indigenous groups.
This year’s teams were sponsored by the Center for Global Management and included collaboration with Conservation International to develop sustainable solutions and boost economies throughout centers of environmental importance throughout the world.
UCLA ’18 MBA students Daniel Osorio, Traci Kuratomi, Will Berman, and Kevin Oswald (left to right) in the Galapagos / Photo via blogs.anderson.ucla.edu
“Going to the Galapagos Islands provided a wealth of information crucial to the success of this project, which would have been impossible to gather otherwise. At the same time, we greatly enjoyed meeting people in the local community and each of us has been left with memories we will take well beyond the conclusion of this project,” the group said.
Click here to read more about the Applied Management Research and the story of the UCLA Anderson team.
Pepperdine University Announces Business School Name Change – Pepperdine Newsroom
The Graziadio School of Business and Management at Pepperdine University officially changed its name to the Pepperdine Graziadio Business School, effective late last March. According to dean Deryck J. van Rensburg, the change reflects the school’s future, unifying under one consistent brand while enabling the business school to maintain its connection to Pepperdine.
The renaming of the business school is just one step in a comprehensive strategic plan for the school, which has been laid out in a document called ASPIRE 2025.
“As Pepperdine continues to set standards for progress and innovation, the renaming of the Graziadio School of Business and Management is an exciting part of the momentum that will propel the University into a new era,” said Pepperdine president Andrew K. Benton.
Click here to read more about the renaming and the future of Graziadio.
USC or UCLA? Which Business School Is Right For You?
If you are in the midst of choosing your perfect MBA program, it’s likely you’ve already considered factors like cost, location, and prestige. But even within each of these categories it can be difficult to narrow down your selection to just one perfect school. Some of the nation’s top MBA programs can be found just within California, considered one of the best states for higher education. Today, our School v. School comparison will take a look at two of these top California programs: UCLA Anderson and USC Marshall.
