Top MBA Recruiters: Guggenheim Partners
For graduating MBA students, the connections made through their university and business school program can be a crucial part of starting a career. At a top program like the Kellogg School of Management at Northwestern University, for instance, 73.9 percent of the 2017 graduating class who accepted full-time offers had the opportunity facilitated by the school. Roughly 30.1 percent of these school-facilitated offers were the results of on-or off-campus interviews.
Not only can your university be instrumental in setting up long-lasting career opportunities, but the companies that seek and recruit MBA students also play an important role. Companies like Guggenheim Partners, based in New York and Chicago with office locations throughout the world, are actively looking for talented MBA students and graduates for opportunities that could be the start of brand new career. And the best part? They’ll come to you.
What is Guggenheim Partners?
Guggenheim partners is a global investment and advisory firm that believes in finding innovative solutions to deliver long-term results to their clients. The company, which is headquartered in New York City and Chicago, operates through three main businesses: investments, securities, and insurance services.
Guggenheim Partners is the culmination of years of the Guggenheim family business, dating back to the late 1800s. Today, the firm is operating with more than $305 billion in assets across a variety of managed accounts and funds. Over 2,400 professionals are currently staffed at the firm across six countries, and roughly 45 percent of the independently owned company is owned by employees themselves.
Why MBAs Love Guggenheim Partners?
One of the cornerstones of Guggenheim Partners today is their focus on finding innovative solutions to complex problems. In hiring, they seek creative people who can perform at high levels, take pride in their work and think creatively. In a word? An MBA.
Guggenheim Partners jobs might also be attractive to MBA graduates because they don’t expect a long resume of professional experience to join their team. According to Payscale, the largest percentage of employees (roughly 40 percent) have between one and four years of professional experience, still earning paychecks of up to $57,000 per year, on average. For MBAs with more experience, of course, it only gets better: the average pay for employees with five to nine years of work experience reveals salaries averaging $93,000 per year.
It also does appear that the company rewards those with advanced degrees. While there is no data on employees with MBAs directly, Payscale does note that those with the company’s highest salary average (around $110,000 per year) are those with Master of Science degrees.
Life at Guggenheim Partners
MBA graduates looking for full-time Guggenheim Partners jobs will likely begin as full-time analysts or associates at one of several recruitment groups around the country. Groups from both the Investments and Securities segment of the company recruit full-time Analysts, such as Sales & Trading (NY and Boston), Research (NY), Corporate Credit (NY), Operations (Chicago) and several others. Those interested in full-time Associate positions will be recruited through the Investment Banking division of Guggenheim Securities, based in New York.
On Ivy Exec, a website that gathers company and employment data, Guggenheim Partners jobs received fairly high marks across the board. A full 100 percent of surveyed employees said they would recommend the job to a friend, 80 percent said it was a great place to work, and 80 percent said they are proud to have the company on their resume.
Guggenheim Partners Jobs
Guggenheim Partners recruit students for full-time jobs in their final year of study, seeking motivated candidates with an impressive academic background and strong interpersonal skills. They also look for graduates with the potential to take on leadership roles while being able to work effectively on a team.
Students can interview on campus for full-time associate or analyst positions, apply directly for open entry level roles, or get their foot in the door even sooner by joining the company’s internship program. The program, which was created to provide students with “visibility and exposure into the day-to-day activities of key business units within Guggenheim Partners” goes above and beyond to create opportunities for advancement, including networking opportunities, speakers, performance evaluations and mentoring.
The Guggenheim Partners internship program is available at all office locations, though some locations offer special focuses for the internship in fields like Investment Banking, Commercial Real Estate, Corporate Credit, and more.
For a list of current opportunities available at Guggenheim Partners, you can check out their career page here.
Notre Dame Startup News, and More – Chicago News
Let’s explore some of the most interesting stories that have emerged from Chicago business schools this week.
Mendoza MBA Student’s Tech Startup Secures $600K Investment – Mendoza Ideas & News
Notre Dame University’s Mendoza College of Business recently profiled current student Cory Bailey ’18, whose startup SecūrSpace is to trucks and shipping containers what Airbnb is to housing.
Bailey explains that SecūrSpace, which recently secured a $600,000 investment, attempts to provide an effective solution to the issue of temporary storage sites outside of normal shipping routes.
It’s not uncommon in the shipping world for trucks to tack on an additional 50-mile trip to a temporary storage site, Bailey explained to Mendoza Ideas & News. “And so these trucks are taking these containers way outside of L.A. and New York and other port cities because they’ve got nowhere to put them,” he said.
Thanks to the aforementioned donation, which mostly came from a Notre Dame alum, Bailey hopes to expand his project in the near future.
You can read more about Bailey and SecūrSpace here.
How a Room’s Lighting Shapes Our Decisions – Kellogg Insights
Northwestern University Kellogg School of Management assistant professor of marketing Ping Dong and Feinberg School of Medicine associate professor of psychiatry and behavioral sciences Dorothy Sit recently published new research that explores how a simple thing like lighting “can change how likely we are to make pleasurable versus practical decisions.”
Dong writes, “Ambient light is a very important experience that is easily manipulated. This shows a new psychological consequence of darkness—consumers more often choose the option that provides immediate pleasure.”
According to the article, there’s a very real possibility that “consumers are also more likely to make pleasurable choices in darker settings—reaching for a candy bar instead of an apple, or buying trendy high heels instead of practical flats—not because they feel physically hidden, but because that feeling of psychological distance frees them to do what they really want.”
You can read more about the duo’s curious research here.
Linking Sustainability, Corporate Governance, and Gender – Quinlan School of Business Blog
Starting next month, Quinlan School of Business management professor Anne Reilly will present ongoing research into “significance of gender diversity in corporate sustainability governance” at several international conferences this year.
Reilly explains that for the second paper, she and her team found that “almost half of the companies studied have at least one person as a designated sustainability leader, and over 50 percent of these leaders are women—compared to the typical 25 percent representation of women executives.”
She elaborates, “Companies are continuing to develop governance roles dedicated to sustainability, and this accountability should strengthen their strategic emphasis on this critical issue. Further, the presence of women leaders as active change agents for sustainability supports progress in gender diversity and inclusion in executive governance.”
Read more about Reilly’s research here.
New Northwestern Career Video Series Tells You How to Own Your Career
The Career Management Center (CMC) at Northwestern University’s Kellogg School of Management recently launched the “Own Your Own Career” video series aimed to develop brave leaders.
The series was created for prospective and current students, along with alumni, to discuss aspects of managing a career throughout its life cycle. The videos also touch on how Kellogg students can bring value to employers and demonstrate the qualities they seek.
The goal of the video series is not only to help students launch their careers, but also to help them gain the skills and mindset they need to manage their careers over a lifetime, explains Liza Kirkpatrick, senior director of the CMC for the full-time MBA program at Kellogg.
Kellogg Senior Director of Career Management Liza Kirkpatrick
“To that end, we enlisted some of the best minds at Kellogg to address topics that are foundational to owning your career—developing your network, career agility, resiliency, selling your career, and leadership.”
Kirkpatrick continues, “These quick videos tell a narrative about career management that will resonate with and be informative to a broad array of audiences, including prospective and current students.”
The first four episodes of the “Own Your Own Career” series are already online.
- Episode 1: Starting the Career Journey—The first episode highlights three different individuals: Liza Kirkpatrick, Adnan Rukieh, director of the CMC for the executive MBA and evening & weekend MBA; and Matthew Temple, director of the CMC for alumni career and professional development. Together they discuss how individuals can start their career right now.
- Episode 2: Professor Harry Kraemer on Networking—The second episode delves into the importance of networking, emphasizing the value of helping others so they might return the favor in the future. Kraemer talks about networking as a lifelong journey and a key to reaching the C-suite.
- Episode 3: Associate Dean and Professor Bernie Banks on Leadership—This third episode discusses what it takes to be an influential leader who inspires people to perform. Banks dives deep into the situational nature of leadership and how to get people to fulfill your expectations.
- Episode 4: Professor Carter Cast on Career Agility—In episode four, Cast talks about being self-reflective during a career transition. He encourages viewers to understand their strengths and weaknesses and to think several steps ahead when it comes to their career.
“The video series enhances and expands the CMC’s foundational work by highlighting faculty and industry thought leaders who can provide practical examples based on their experience of how to actively manage or own one’s career,” Kirkpatrick says.
“The series provides a roadmap for being proactive and present in your own career development and encourages students to continue asking the right questions to shape their career, not only while looking for a job, but throughout their entire career life cycle.”
This article has been edited and republished with permissions from our sister site, Clear Admit.
Unfair Prestige, DePaul’s Master of Science in Taxation is Honored, and More – Chicago News
Let’s explore some of the most interesting stories that have emerged from Chicago business schools this week.
Juries Treat Prestigious Companies Differently in Employment Discrimination Suits – Kellogg Insight
New research from Northwestern University Kellogg School of Management professor of management and organizations Brayden King finds that organizations are often treated very differently when it comes to certain lawsuits, often depending upon the prestige of the company
“Prestige is harmful to organizations in that it draws attention to their potential hypocrisy. These companies are supposed to be standout examples of virtue in their industries or examples of how companies should behave. It makes them high-profile targets,” King writes. However, there are plenty of benefits to the prestigious title, much of which may be considered unfair.
When it comes to business, wrongfulness isn’t often attributed to the same company, even in the case of repeat offenses. Working with Mary-Hunter McDonnell, Kellogg Ph.D. graduate, the research found that “juries don’t make the same character attributions to chronically deviant organizations. They think about organizations differently.”
You can read more about the research here.
Employers Rank DePaul MS in Taxation Highly – Kellstadt News and Events
For the second consecutive year, TaxTalent has ranked DePaul’s Master of Science in Taxation degree third overall as part of its 2018 Top in Tax Educational Survey. MST assistant director Diane Kuhlmann believes that what sets DePaul’s degree apart from the pack is its combination of theoretical and practical pedagogy. Alumnus Ben Ulman ’17 raved about his experiences as part the MST program:
“The program has given me a pretty wide tax skillset. Tax is ever-changing and the program taught me what is current with laws and regulations. The best part of the program for me was the professors’ knowledge of taxation and the network you build from class.”
Learn more about DePaul’s MST degree here.
Making Financial Decisions: The Endowment Effect – MD Mag
Famed Chicago Booth professor Richard Thaler, the winner of the 2017 Nobel Memorial Prize in Economic Sciences for his esteemed work in behavioral economics, explained in his 1991 research “The Endowment Effect, Loss Aversion, and Status Quo Bias” (alongside Daniel Kahneman and Jack L. Knetsch) about the particular habits consumers have when valuing their own items. Simply put, if you own something, you tend to put a higher value on in than if you don’t.
This internal methodology often finds itself in daily financial situations, such as buying or selling a house, according to Shirley M. Mueller, MD.
“Although economists originally hypothesized that the endowment effect occurred because humans are loss-averse, new evidence suggests there is an additional reason under specific circumstances. We identify with something that is ours.”
Read more about the endowment effort phenomena and a unique student experiment here.
NRA Boycotts, Food Deserts, and More – Chicago News
Let’s explore some of the most interesting stories that have emerged from Chicago business schools this week.
How the NRA Boycotts Force Companies to Walk a Precarious Tightrope – Kellogg Insights
In light of the recent Parkland and Great Mills school shootings, which attracted an estimated 200,000 protestors to the March For Our Lives rally in Washington DC late last month, Northwestern University Kellogg School of Management professors Brayden King and Tim Calkins discussed what companies susceptible to boycotts can do to build “strong, profitable brands.” Calkins explains the stakes of the game right now:
“The world of transparency we’re in combined with the world of social media means brands have to be very careful about what they’re doing, really scrutinize things in a way they never used to. All of a sudden, they’ve got a problem because of something they never even knew they were doing.”
“That certainly was the case with the NRA boycotts. I think if you were to ask a lot of these executives at these companies, “Do you offer special deals to the NRA?” most of them would have said, “No, we don’t have a partnership with the NRA.” It’s incredibly difficult right now to figure out how to respond. You have to move so quickly, but if you’re not careful, you’ll just make the problem bigger with a tone-deaf response.”
You can read the duo’s entire discussion here.
Nutrition Gap Between Rich and Poor is Growing, but Don’t Blame Food Deserts, Researchers Say – Chicago Booth Blog
Research from Chicago Booth professor of marketing Jean-Pierre Dubé, along with NYU’s Hung Allcott and Stanford’s Rebecca Diamond that reveals the minimal impact that food deserts have on eating habits. Dubé explains:
“One of the conclusions in our study is that opening a supermarket in a food desert has very little impact on the nutritional composition of households’ shopping baskets. People in food deserts shop in supermarkets almost as frequently as people living in higher income neighborhoods. They just travel longer distances to stores.”
The study found several variances of why these events were occurring, including vast educational differences and the willingness for upper-class consumers to pay more for vegetables and other produce.
“Food knowledge and education seem to explain a big chunk of the preferences for what people buy when they shop for groceries,” said Dubé. “If you are educated about the long-term benefits of nutrition, it could affect your shopping behavior.”
Learn more about the trio’s research here.
UIC Business Tackles “Back to College” with Target – UIC Business Blog
UIC Liautaud announced the results of its 2018 Management Leadership Association and Target Case Competition, an annual partnership between Target and the UIC Business Career Center, which invites “students to develop and present solutions to a unique challenge facing the company.”
Team Bersaglio’s “Target Move-In” proposal took first place, which attempted to eliminate the hassle for college students to “store items over the summer in preparation for college.”
The plan offered that students living on campus would “receive free shipments via specialized Target college gift registry” and could retrieve “purchases from a designated “Target Zone” on campus and receive customer service support and delivery assistance carrying packages to the dorms on move-in days.”
Read more about the competition here.
Northwestern Explores Healthcare Costs, and More – Chicago News
Let’s explore some of the most interesting stories that have emerged from Chicago business schools this week.
When Healthcare Providers Consolidate, Medical Bills Rise – Kellogg Insight
Despite the claim that hospitals make in terms of cost savings when, say, a GP is acquired by a local hospital, Northwestern Kellogg professor of strategy David Dranove, along with research assistant professor strategy Christopher Ody and Bates White Economics Consulting’s Cory Capps sought to research the real financial impacts of integration for instance among healthcare providers.
The researchers found that from 2007 to 2013, almost 10 percent of physician practices in the data were acquired by a hospital. Once acquired, prices for the services provided by those physicians rose an average of 14 percent. “The rising prices are partly due to ‘mechanical elements’ of how prices are set in contracts,” with insurers, Dranove says. For example, insurers often write contracts that allow hospitals to bill more for a procedure than a physician group can. Additionally, Dranove says, “when a hospital owns a physician practice, they gain market power.”
You can learn more about the trio’s research here.
Economics Professor Studies Monetary History of Ecuador – Loyola Quinlan School of Business Blog
Julián P. Díaz, Ph.D., Quinlan School of Business assistant professor of economics, recently presented research on the financial history of Ecuador between 1950-2015 as part of a conference that explored the macroeconomic crises of the 11 largest Latin American countries.
“The Latin American Debt Crisis of the 1980s made this strategy unsustainable since international creditors stopped lending to Ecuador, and the rest of the region. This should have prompted a significant fiscal adjustment, which, however, never really took place in a significant manner. Instead, the government resorted to seigniorage—printing money—to finance a large portion of its spending. This in turn led to a lengthy period—almost three decades— of persistently high inflation, which averaged nearly 30 percent between 1972 and 1999.” – Julián P. Díaz, Ph.D.
“Businesses operate in environments influenced by governments’ actions,” he notes. “Identifying fiscal and monetary policies that lead to undesirable outcomes and hurt the ability of businesses to thrive is of critical importance. For our students, many of the tools used to analyze the countries’ performances in this project are taught in a number of economics classes at Quinlan. This highlights the fact that the topics we cover in class are not just theoretical exercises. They are being used to understand why some countries fail, and what can be done so that such costly experiences are not repeated in the future.
You can check out the full interview with professor Diaz here.
Investing for Social Impact – Chicago Booth Magazine
The University of Chicago Booth School of Business’ Rustandy Center for Social Sector Innovation has become a frontline for investing “with the intention to generate social and environmental impact alongside a financial return” or what has become more commonly known as “impact investing.” Impact investors are a growing segment of managers, consultants, and professionals who seek to blend their financial acumen with “their commitment to improving people’s lives and the health of the planet.”
“Impact investing is just increasing at a faster and faster pace,” Rogers said. “I think it’s a very promising career, and I think the industry will continue to grow as millennials become more socially conscious about how they’re investing their money.”
Read more about the future of impact investing here.
