Investing in Your Future With These New MBA Jobs
Finance careers continue to be a popular and lucrative option for recent MBA graduates. The work is varied, as finance relates to many industries and companies. In addition, the field is obviously very rewarding, with average graduate earning more than $140,000 according U.S. News & World Report. One of the most popular and well paid areas of finance is work at investment banks.
According to the Corporate Finance Institute, investment banking is the division of a financial institution that aides governments, corporations, and organizations through capital raising and mergers and acquisitions advisory services. Investment banks typically act as intermediaries between investors and corporations, and are often popular landing spots for MBA degree holders to bring their talents. Here’s a look at some of the best new MBA jobs in the investment banking sector: Continue reading…
New MBA Jobs: Goldman Sachs, Walmart, Coca Cola, and More
A new week means a new rundown of the best new MBA jobs out there! This list features entry level positions and roles for seasoned vets, so there’s something for everyone here. Apply today and get your post-MBA career started right away!
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.
Orientation: NYU Stern One-Year MBA Programs in Tech, Fashion
As it prepares to welcome students for orientation next week, NYU Stern School of Business has shared preliminary class profiles for its two new specialized one-year MBA programs—the Andre Koo Tech MBA and the Fashion & Luxury MBA. Stern announced the launch of the new May-to-May programs one year ago. The inaugural classes will each be made up of approximately 30 students.
Though designed for students from different backgrounds targeting diverse post-MBA career paths, the two programs do share several things in common. Each pairs traditional core curricula and specialty and elective courses with real-world projects to provide hands-on experience for students interested in careers within tech/entrepreneurship and fashion/luxury industries. They also “represent a new category of MBA and have been developed in partnership with the business community to address a talent gap,” the school notes.
Real-World Immersion
Both programs prioritize experiential learning opportunities that connect students and faculty with top companies to address real business issues. Each features two immersion experiences pairing students with companies to work on projects related to consulting, product management, brand strategy, supply chain optimization, and financial forecasting.
As part of their first term, students in the Fashion & Luxury program will participate in visits to New York companies to work on live cases with industry partners. The goal of these, the school notes, is for students to emerge from their summers with a “strong foundation of problem-solving tools.” The Fashion & Luxury program also features a second international immersion in the winter term.
Students in the Andre Koo Tech program will take part in summer term immersions with New York area tech companies. They will then spend their winter terms in the San Francisco Bay area as part of an immersion designed to allow them to explore the West Coast tech ecosystem and work on high-impact projects with Silicon Valley tech companies.
Preliminary Class Profile Highlights
The preliminary class profiles for each program’s incoming Class of 2019 include a wealth of information about student demographics, background, experience, class sizes, and more that offer incoming and prospective students a sneak peek at what to expect.
The incoming class for the Tech MBA program is 42 percent women, making it “comparable to two-year MBA programs with the highest percentages of women,” Stern notes. International students also make up 42 percent of that class. Perhaps most notable, 87 percent of students in the tech-focused MBA program will be entering with previous coding experience, many with skills in multiple programming languages.
Like the Tech MBA, the incoming Fashion & Luxury MBA Class of 2019 is also capped at 30 students in an effort “designed to maximize industry engagement…for high-touch learning and built-in ‘live case studies’ with companies year round,” the school notes. Women make up 88 percent of the incoming class. More than half—54 percent—brings previous experience in consumer products. In terms of undergraduate study, the class includes equal percentages of former business and humanities majors, at 35 percent each.
Incoming Students Share Hopes and Expectations for the Programs
Clear Admit caught up with incoming students in each program to learn more about their backgrounds and what attracted them to the Stern one-year MBA offerings.
Nicole Imbriaco, NYU Stern Tech MBA Class of 2019
Nicole Imbriaco, an incoming student in the tech program, graduated from Rutgers in 2016 with a B.S. in finance and business analytics. She has experience with HTML/CSS and SQL, among other coding languages.
“I believe it will afford me the opportunity to merge my strengths within business and technology and expand my skill set equally within both disciplines,” Imbriaco said. She added that she hopes the specialized MBA degree will facilitate a drastic career pivot, allowing her to focus more intensely on professional interests that have shifted since she graduated from college.
The loss of her mother during her senior year at Rutgers inspired a newfound interest in healthcare, she shared. After graduating from college, she worked at Goldman Sachs, which she says was a valuable experience that helped her redefine her career goals. “Being around some of the most intelligent people I have ever met, I realized I was being drawn towards better utilizing technology within the health/wellness industries,” she shared.
Imbriaco believes the Andre Koo Tech MBA will give her a skill set that she can apply to a variety of industries. She hopes upon completing the program to use “the combination of business, analytics, and technology-focused skills to contribute towards making a difference in the fields of cancer research,” she said.
Incoming Fashion & Luxury Class of 2019 student Christian Trautwein is a 2012 graduate of Brown University with a B.A. in political science. Since graduating he has worked as a merchandise manager with Walmart E-commerce. Trautwein was attracted to the one-year MBA program by the “promise & opportunity” it offers to graduates. NYU’s proximity to the fashion industry was also a draw. “My desire to build a fashion brand paired perfectly with the robust program NYU Stern has built,” he said.
More details about Stern’s new one-year MBA programs, including how to apply, can be found here. In their inaugural application cycles, these programs featured slightly earlier application deadlines than the two-year MBA program, with a September 15th first deadline, a November 15th second deadline, and a January 15 third deadline. Deadlines for the 2018-19 application season have not yet been posted.
This article has been edited and republished with permissions from our sister site, Clear Admit.
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.
Zicklin MBA Ranking Jumps in US News, and More – New York City News
Let’s explore some of the most interesting stories that have emerged from New York City business schools this week.
U.S. News & World Report Names Baruch College Among Nation’s 2019 Best Graduate Schools – Zicklin News
The Baruch College Zicklin School of Business knocked it out of the park in the recently revealed U.S. News & World Report “2019 Best Graduate Schools” list. The full-time MBA ranked 55th nationwide (moving up two spots from the previous year), 29th nationwide among public institutions, first among public institutions in both NYC and New York state, 3rd in NYC overall, and 5th in New York State overall.
The business school’s part-time MBA also ranked 56th nationwide (a 22-spot jump from last year’s list), 34th nationwide among public institutions, first among public institutions in both NYC and New York state, 3rd in NYC overall, and 3rd in New York state overall. Willem Kooyker, Dean of the Zicklin School of Business Dr. H. Fenwick Huss, Ph.D., said in a release:
“Graduates of the Zicklin School of Business lead major businesses around the globe. Our student success is based on an ever-evolving curriculum that today includes data science and analytics, machine learning and cybersecurity along with experiential learning opportunities for real-world problem solving and strategic planning.”
Read more about Zicklin’s showing in the US News & World Report rankings here.
Living Abroad Leads to a Clearer Sense of Self – Columbia Business School Blog
Social scientists from Columbia Business School, Rice, and UNC universities have recently published new research in the journal Organizational Behavior and Human Decision Processes that finds how “living abroad increases “self-concept clarity.”
The findings came after the group surveyed roughly 2,000 “participants from online panels and United States and international MBA programs” that had, at one point, studied abroad.
Entitled “The Shortest Path to Oneself Leads Around the World: Living Abroad Increases Self-Concept Clarity,” the study reveals that “living abroad triggers self-discerning reflections in which people grapple with the different cultural values and norms of their home and host cultures. These reflections are helpful in discovering which values and norms define who people are and which simply reflect their cultural upbringing.”
You can check out the rest of the study here.
Goldman Sachs Executive Recounts Journey to Success in Finance – Gabelli Connect
Goldman Sachs President and Co-Chief Operating Officer Harvey M. Schwartz used his recent Fordham Wall Street Council talk as an opportunity to discuss his unlikely journey from a post-high school gym employee to Wall Street innovator as he stands on the precipice of retirement.
“Innovation is present in financial services. I think that if you have an interest in solving complex problems for clients or specific areas of markets, there is a unique way to participate. The takeaway should be that if you work hard, people will invest in you.”
Glean more wisdom from Schwartz’s talk here.
