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…
New MBA Jobs: CitiGroup, Cisco, IDEO and More
New and exciting MBA jobs are posted to the careers pages of great companies every week. Here’s a rundown of some of the latest and greatest opportunities for MBAs at corporate offices around the United States:
Coding Becoming a Priority for Columbia Business School MBAs
Like every other elite business school worth its salt, Columbia Business School (CBS) has seen a huge surge in student interest in programming and analytics courses.
It started three years ago when Costis Maglaras, the chair of the Decision, Risk & Operations division of CBS, oversaw development of a new analytics curriculum with the goal to ensure that students were being trained in quantitative, data-driven decision-making.
Maglaras couldn’t help but notice a major gap: There were few courses in computer programming, artificial intelligence, and machine learning.
He took it upon himself to help develop a series of MBA-level programming that included analytics-focused classes to give MBA students the digital tools they needed to become tech-savvy managers. In tandem with Maglaras’ efforts, the student-run Technology Business Group helped develop courses around the programming languages of SQL and Python.
Now more than a dozen elective programming courses have been launched across CBS, helping MBA graduates land management positions at Amazon, Facebook, and Microsoft. And the popularity of these courses is only growing.
“Taking those classes gave me a lot of confidence for my interviews,” says Neha Bansal, MBA ’18. She credits the new curriculum for helping her land a job at Google as a product manager due in small part to her Python expertise.
Bansal is far from the only student who’s reaped the benefits. There are now more than 300 MBA students at CBS who have signed up to learn Python—a highly marketable skill. The only problem: The classes have now become almost too popular.
More than a dozen coding language programs have recently launched for business school students at CBS, thanks in part to the student-run Technology Business Group.
The division hired additional faculty and to figure out how to integrate the new analytics programming more intricately into the overall curriculum. Across the board, CBS is seeing more MBA students interested in programming because, simply put, it’s what employers want.
For example, Citigroup recently announced it would train all incoming analysts in Python. Goldman Sachs has asked its traders to learn how to code. According to a recent Financial Times survey, “understanding digital impact on business” is one of the most important skills for an MBA and one of the most difficult skills to recruit.
“The reality is we’re living in a very data-centric world, and whether we like it or not it’s going to be an important factor in any decision-making process down the road,” Hardeep Johar, of the CBS Engineering School, says. “We need people to be savvy about how to use data analytics and artificial intelligence on all the important decisions of today.”
To read the full article and all about what Columbia Business School is doing to help prepare MBA students to embrace data analytics, visit the CBS website.
This article has been edited and republished from Clear Admit.
Looking At New York City’s Best MBA Return on Investment (Pt. I)
As real estate in all five boroughs continues to rise, and/or get snapped up by oh-so-wonderful oligarchs, New York City’s pressure cooker reputation has taken a turn for the … banal.
Which 1-Year MBA Program in New York Is Right for You?
New Yorkers are always in a hurry. For those looking for that same speed with their MBA, they’re in luck. The city—home to eight million people—has five schools where candidates can graduate with an MBA or similar degree within a year.
What better place to build your business knowledge than New York City? Business people from around the world come to the city—but not you. You’d be living in it. Plus, major international companies are headquartered there. JPMorgan Chase, Citigroup, and IBM, for example.
Check out some of the best one-year MBA programs in the city that never sleeps.
Binghamton University School of Management
Binghamton University’s School of Management sits in Midtown New York City. Students will have easy access to Bryant Park, Penn Station, Grand Central Station, Port Authority, all the shopping they need—and the nearby beauty of Chelsea.
The school came to the area in 1970. Its Professional MBA is what sets Binghamton apart. It takes no more than a year, and students meet only on Saturdays. The curriculum does demand a full Saturday, but at least it wraps up in a year. And since it’s on the weekend, full-time working professionals are good to go, too. The school reports students can save $20,000-$50,000 compared to other MBA programs in New York City.
Zicklin School of Business – Baruch College
Baruch College formally created its Zicklin School of Business in 1998 after an endowment from an alumnus Lawrence Zicklin. But the MBA program has been offered since 1920.
Its one-year MBA program is fairly new. The first cohort enrolled this past summer. The program begins in June and takes 12 months. Applicants are expected to have two to five years experience. Given the program’s speed, the class schedule will be intense and build on already acquired knowledge. Students have the option to study abroad during the winter intersession.
Lubin School of Business – Pace University
The Lubin School of Business at Pace University has been around for more than 100 years. Since 1906, the school has been cranking out business graduates ready to take New York City by storm. It offers a unique one-year fast-track MBA—only in financial management.
This specialty in finance gives business students an edge. Graduates will walk away from Lubin knowing how to provide financial consultation to corporations. Lubin is sure to plug its students into any necessary resources for them to succeed. For example, MBA candidates can access the Bloomberg workstation and other financial databases. Classes are based in New York City and Westchester, a short train ride away.
Stern School of Business – New York University
New York University is one of New York City’s most well-known university, so the Stern School of Business is too, naturally. In the middle of Greenwich Village, students can occupy themselves with endless activities when they’re not in class.
However, the Stern School of Business doesn’t quite offer one-year MBAs. Its specialized one-year programs are for its MS in accounting, MS in business analytics, and an MS in global finance. These programs add an oomph to any business professional looking to build their expertise. Most of the programs include a global format, preparing graduates for a global field.
Lehigh University College of Business and Economics
Editor’s Note: As part of the Lehigh 1-MBA program enhancements, the internship component was replaced with a Consulting Practicum. Click here to learn more about the 1-MBA.
Getting Paid: Highest MBA Salaries in Los Angeles
The transmissions Los Angeles sends back out into the ether are those culled from the desires of its inhabitants but also from the people who romanticize it from the outside. As Joan Didion once wrote, “The city burning is Los Angeles’s deepest image of itself.”
Los Angeles is, admittedly, polarizing. While some may find the not-so-authentic atmosphere of Hollywood to be a downtrodden, morose landscape, the city’s expansive diversity and subtle natural wonder is enthralling in its own right. In a way, it feels alien and utterly familiar all at once.
It’s this kind of uncertainty that makes Los Angeles an ideal place to pursue a business degree for a prospective MBA open to a bit of ambiguity. While Silicon Valley up north has traditionally been romanticized as a place where we can re-write the rules, LA has been catching up recently—and fast. Los Angeles has embraced the tech boom in a big way, with many Valley bigwigs and new startups alike moving their operations to Silicon Beach on the West Side. With that in mind, the new era of LA innovation is creating some lofty starting salaries, particularly for MBA graduates.
The Highest Los Angeles MBA Salaries
UCLA Anderson School of Management
Recent UCLA Anderson graduates earned an average starting salary of $121,250 with a $25,000 signing bonus, according to statistics released by the school. Over 92 percent of Anderson MBAs received job offers within three months of graduation. The top five industries to employ Anderson MBAs are in tech (30.6 percent); financial services (21.6 percent); consumer products (13.4 percent); and consulting services (13.4 percent). Top employers for Anderson graduates include: Amazon, Deloitte, Bank of America Merrill Lynch, Google, Microsoft, Adobe, Amgen, BCG, EY, Mattel, McKinsey & Company, Nike, PwC, Apple, AT&T, Autodesk, Citigroup, Credit Suisse, Epson, Goldman Sachs, Intel, Sony Pictures Entertainment, and Disney, among others
UC Irvine Merage School of Business
MBA graduates from the UC Irivine Paul Merage School of Business posted record employment numbers for the school. Over 90 percent of recent MBAs received job offers within three months of graduation. The most popular industries to attract Merage graduates were in technology (33 percent), finance (31 percent), consulting (24 percent), and marketing/sales (27 percent). Merage graduates with tech industry positions earned starting salaries of $105,000; consulting, $100,000; consumer products, $85,000; and financial services, $100,000. Top employers included: Amazon, AT&T, Bank of America, Cisco, Dell, Deloitte, Gap, Hulu, Hyundai, IBM, Mattel, NBC Universal, Taco Bell, Twitter, and Volcom.
USC Marshall School of Business
According to employment statistics surveying the most recent USC Marshall School of Business MBA class, the average starting salary for Marshall graduates is $115,309 with a $23,431 signing bonus. The top three industries that employ Marshall graduates are within consulting (34 percent), where MBAs start at $132,000; marketing/sales (27 percent), where MBAs start at $99,497; and financial services (18 percent), where MBAs start at $112,087. Top employers of Marshall’s 2016 class include: Adobe, AT&T, Apple, Citigroup, Deloitte, Disney, Facebook, Film Roman, Google, Hewlett-Packard, Intel, Morgan Stanley, Johnson & Johnson, Samsung, Taco Bell, Warner Bros, Starbucks, PwC, Sony Pictures, Nestle, and PepsiCo, among others.
USC Marshall grad salaries, broken down by industry.
Pepperdine Graziadio School of Business and Management
Pepperdine Graziadio School of Business and Management graduates earned an average starting salary of $120,000, according to school statistics. Around 82 percent of Graziadio MBAs accepted job offers within three months of graduation.
Financial services, entertainment, technology, and consulting were the top industries to employ Graziadio MBAs.
For more information on the best Los Angeles MBA programs, check out our guide to the city. As well, learn more about which LA schools do not require GMAT or GRE scores here.
