Investment or Tech: Which Industry is Right For Your Career?
Job hunting between a career in investments or tech is a good problem to have. Each one, especially with an MBA under your belt, has enormous earning and growth potential, job security, and perks.
Continue reading…The Top 5 Finance Programs in Florida
The state of Florida, recently described as an “economic powerhouse” by Business Insider, is a hotspot for businesses large and small. With the third largest population in the country, and the fourth largest economy, MBAs are wise to explore their options in the Sunshine State.
Continue reading…UCLA Announces John Wooden Global Fellows for 2018, and More – Los Angeles News
Happy Friday!
Before we close out November, let’s look into some of the biggest news from the Los Angeles business school community from the week that was.
UCLA Anderson Announces 2018 John Wooden Global Leadership Fellows – UCLA Anderson News
The UCLA Anderson School of Management just announced the 2018 John Wooden Global Leadership Fellows, a program which, according to Anderson’s website, honors students who exemplify “leadership ideals and a commitment to improving the lives of others.”
The fellowship was named after Naismith Hall of Fame basketball coach John Wooden. Wooden, perhaps the most successful NCAA basketball coach of all-time, won 10 national championships with the UCLA men’s team from 1964 to 1975, coaching up NBA legends like Kareem Abdul-Jabaar and Bill Walton.
The four fellows, Jessica Barnette, Leah Maddock Loh, Gerry Sims, and Ryan Tan, are all currently pursuing MBA degrees at UCLA Anderson.
Barnette, who also received her master’s of public health at UCLA, is currently Director of Operations at WellStart Health, an organization that offers innovative methods to reduce chronic disease. Leah Maddock Loh also attended UCLA for her master of public health degree, and her current work focuses upon reproductive education with Kaiser Permanente.
Gerry Sims, a U.S. Marine veteran, received an undergraduate degree in management from Purdue University before deciding to join the military. He was deployed in Afghanistan twice, serving as an intelligence officer. Sims recently worked with Google’s small business division where he focused on increasing diversity. He works to raise money for the Special Operations Warrior Foundation, which provides assistance to families of veterans and the vets themselves as they re-enter civilian life.
Ryan Tan has also integrated his military service into his MBA and his career. A member of the armed services in Singapore, Tan is pursuing his EMBA at UCLA in conjunction with coursework at the National University of Singapore. He brings the values he learned from his extensive military service to his role as head of mergers and acquisitions at StarHub Ltd., one of Singapore’s largest telecommunications companies.
You can learn more about the John Wooden Global Leadership Fellows here, which will also featured a moderated discussion with celebrated Anderson alum and YouTube figurehead Susan Wojcicki.
LMU LA Hosts talk on Investment in Research Science – Loyola Marymount University LA News
Entrepreneur Jim Demetriades (LMU LA ’85), the founder of Kairos Ventures, returned to Loyola Marymount Los Angeles, discussing the importance of private funding for scientific research. Sponsored by the Fred Kiesner Center for Entrepreneurship, Demetriades’ talk was entitled “How Science Will Change the World in the Next Five Years.”
In the aftermath of several recent events, such as natural disasters and the cuts in research funding by the U.S., Demetriades believes that privatization of such funding is the wave of the future. With a background that combines computer science, mathematics, and economics, Demetriades formed his own software company which led to the formation of Kairos.
His goal is to “turn scientific breakthroughs into successful businesses.” Among his recent projects is raising $50 million for research at Caltech. He foresees innovative developments in various industries, such as wireless devices that can charge from up to 20 feet away, and artificial insect pheromones meant to increase crop efficiency.
You can learn more about the school’s investment in research here.
Banking on Success: A Look at Careers in the Banking Industry with CommerceWest CEO Ivo Tjan ’99 – Mihaylo College of Business
Ivo Tjan, (Mihaylo ’99) recently shared his insight with current Mihaylo College of Business MBAs into why the banking industry is an increasingly worthwhile as a career venture.
Tjan, who became a CEO at the incredibly young age of 27, had just received his undergrad degree when he earned the job. With a niche at CommerceWest that provides commercial services for companies with revenues between $5 million and $100 million, Tjan is a leader in providing services to small to medium sized companies.
“There are not many people going into banking because it is unsexy.” Tjan says. “But the unsexy part is the entry into the opportunities you will have. There is a huge vacuum for young people to take new roles and responsibilities that will create good value for them … [with a banking career] you get to meet many entrepreneurs and business owners who are starting off, on their way to becoming multi-million dollar successes.”
The talk focused also upon the importance of mentorship at Cal State Fullerton. “When I wanted to apply the real-world fundamentals to [my mentor’s] teachings, they were always open to discussing and talking about it, which helped me accelerate my understanding,” he says.
You can read more about Tjan’s recent discussion at his alma mater here.
Looking for a Career in Banking? Consider These MBA Programs
For MBAs who seek positions in finance, investment services, commercial and investment banking, or in the emerging universe of Fintech, a degree with a banking focus may be just the thing to pursue.
Here is a glimpse at some of the top schools for banking MBA programs.
Breaking Down the 2018 Financial Times Top Finance MBAs List
Big technology companies might be attracting top MBA talent, but they’re not the only ones in the running. Though the finance sector hasn’t seemed as popular in recent years, MBA employment is still holding its own in the industry. The difference is the types of jobs that the finance and banking sector are offering.
The finance industry offers a range of options when it comes to jobs. MBA students have the opportunity to work as part of in-house teams developing new digital strategies, working for fintech companies, and more. Finance and banking are still critical employers of MBA graduates. On average, 30 percent of graduates from top business schools around the world went into a career in finance. Continue reading…
What are the Highest Paying Finance Companies for MBAs?
Let’s face it: even if money isn’t the number one reason you are looking into an MBA, it’s probably pretty high on the list. We know that earning an MBA can not only lead to a raise in salary, but can open the door to even more career opportunities that can further increase your earning potential. For those with money on the mind, there’s a lot to consider when pursuing your MBA, from which specialization will give you the most ‘bang for your buck’ to what kind of future employers most value their MBAs.
One of the top industries that consistently makes the list when looking for the most valuable MBA specializations is finance. With an average salary of $121,000 USD for jobs within the finance industry, having or working towards your MBA is a reality of the field. But for those who are willing to put in the work, finance companies are willing to pay.
The 5 Best Paying Finance Companies For MBAs
One of the places where MBAs are earning top dollars is Morgan Stanley, a financial services firm that provides a number of financial advising services, such as wealth management, investment banking, sales and trading, research, and more. Morgan Stanley is an active recruiter of diverse business school and MBA graduates, with their most recent cohort of recruits coming from 56 different countries. The company offers graduates a number of different ways to get their foot in the door, including a number of summer internships and fellowships designed specifically for MBAs.
It’s clear that Morgan Stanley believes in investing in the MBAs on its staff. While the average salary at the company is in the $75,866 range for those with just a bachelor’s degree, employees have reported average salaries around $100,477 after earning an MBA.
Depending on the job and department within the company, earning potential can be even higher. Within the firm’s investment banking department, salaries can reach over $200,000. One reason for Morgan Stanley’s high numbers come from their reputation to dole out tremendous bonuses, which—combined with the base salary—makes this company one of the highest paying firms for MBAs in finance.
Godman Sachs Group, Inc., a multinational finance company that focuses in global investment banking, investment management, securities, and a number of financial services. Founded in 1869, the company today has 34,000 employees throughout the world and revenue of more than $42 billion. Goldman Sachs makes a number of opportunities available to recent MBA graduates and current students, such as the Goldman Sachs MBA Fellowship which recognizes outstanding business students with a role as summer associate and $35,000 award in addition to the associate’s salary.
According to Payscale, MBA holders at Goldman Sachs earned a median salary of $96,844. With such a high number of diverse MBAs working for their organization, this average includes the salaries of finance managers, CFOs, financial analysts, financial controllers, and many other positions that MBAs might hold within the company.
Bank of America began more than a hundred years ago, undergoing a series of expansions and mergers that ultimately led the company to its role as one of the ‘Big Four’ banks of the United States. Today, Bank of America makes more than $87 billion in revenue and employees a whopping 208,000 employees throughout the world. Through campus recruiting, diversity fellowships, and summer internships, Bank of America actively seeks talented MBA students and recent graduates. Through the full time analyst and associate programs, graduates work full-time in a structured program that offers consistent training, development, and social opportunities.
Bank of America employees with MBA degrees report an average salary of $101,522. Programs dedicated to hiring and training MBAs, such as the Bank of America MBA Leadership Development Program, matches these exceptional salaries, offering recent graduates impressive professional development opportunities as well as salaries ranging from $94,918-$101,733.
Headquartered in Zürich, Credit Suisse Group is a multinational financial services holding company with a heavy presence in the United States. With more than 48,000 employees worldwide, Credit Suisse in 2014, was said to hold more than $888 billion of assets under management. Credit Suisse offers several pathways for MBA graduates to become involved at their company, offering positions as full-time analysts, associates, and career starters.
Depending on the role, there can be a wide range of salaries recent graduates might earn when they join Credit Suisse in an analyst positions. Positions like investment banking analyst or business analyst are likely to make upwards of $70,000-80,000, with the opportunity to turn your degree into much more as you move up through the ranks. The average salary for an MBA with a finance specialization, according to Payscale, is $120,414.
Barclays, a British multinational bank and financial services company, is well-known today for its global reach, employing more than 120,000 people and operating in more than 40 countries. Like the other high-paying financial firms on this list, Barclays offers a number of opportunities to draw talented MBA graduates to their company. Programs like Barclays MBA Ambition gives MBA candidates the chance to get a summer internship at the company even before beginning their program, allowing them to focus fully on school once it starts while feeling confident about the future. This fellowship, for example, offers $45,000 toward first-year tuition with the opportunity for an additional $45,000 in their second year if they choose to join Barclays full-time after graduating. On average, salaries for recent graduates can range from $69,588-$74,898.
