The Berkeley-Haas MBA Career Path
Three months after graduation, nearly 87 percent of University of California, Berkeley Haas School of Business full-time MBA students had a job. These graduates accepted positions in a variety of industries and at a range of top companies including Adobe, Cisco, Facebook and Microsoft. And thanks to Haas’ close connection with Silicon Valley, 38.8 percent were in technology. Continue reading…
Forté Foundation Power Pitch Competition Winner
Women-led businesses were once relatively rare, but that is no longer the case. According to the 2016 Kauffman Index of Startup Activity, women make up 40 percent of new entrepreneurs in the United States: a nearly 30 percent increase from 2007.
The Best York Schulich School of Business Dual MBA Options
Getting a joint degree is a great opportunity, particularly for students who were already planning to pursue higher education in two fields. A dual degree streamlines the process and also saves students’ money and time. Obtaining a dual MBA gives grads the edge of having both business administration experience and extensive industry-specific training when they enter the workforce. This could be of huge benefit to future leaders with management aspirations within a specific field. For those who wish to pursue a dual MBA just half an hour from downtown Toronto, York University’s Schulich School of Business may be just the place. We’ve laid out the dual MBA options for Schulich students.
MBA/JD
Osgoode Hall Law School and Schulich School of Business team up to offer students an opportunity to earn a Master of Business Administration/Juris Doctor. According to U.S. News, getting a JD/MBA may have considerable rewards. The article states that 46 of the Fortune 500 CEOs hold JD degrees. Additionally, having an MBA and a JD affords professionals flexibility should they choose to switch careers. MBA training could also make new lawyers more likely to move up the ladder at their firm, due to leadership and analysis training.
Students with an interest in business law will be pleased by the comprehensive nature of Schulich’s program. This dual degree would shave a year off of the five years it generally takes to earn a JD and an MBA separately. Schulich boasts that this track provides students with the space and resources to, “… learn to manage complexity, ambiguity and change as you examine business and legal issues in a global environment.” B-schoolers who’ve pursued this degree at Schulich have gone on to prestigious careers at companies like Goldman, Sachs & Co. and Stikeman Elliott.
MBA/Financial Engineering
The MBA/Financial Engineering track is an opportunity to earn a concurrent Graduate Diploma in Financial Engineering. Students pursuing this program take courses at Schulich and York University’s Department of Mathematics and Statistics. The combination of an MBA and diploma in Financial Engineering will open doors to fields like derivatives trading and valuation and risk management in banks and investment firms. These degrees will also improve students’ odds of succeeding in financial analysis in brokerage houses, consulting firms and financial institutions. MBA/Financial Engineering students must complete the requirement for the Graduate Diploma within one term of finishing their MBA requirements.
MBA/MFA, MBA/MA
Schulich offers unique joint degrees in either Business Administration and Art. This track is an excellent opportunity for anyone aspiring toward a management career in the culture and arts sectors. Schulich has partnered with the School of the Arts, Media, Performance and Design (AMPD) Graduate Studies to create this noteworthy program, which takes full-time students three years to complete. The MBA/MFA includes education in Visual Arts, Theatre, Film and Dance, whereas the MBA/MA includes Art History, Dance, Music, Film and Theatre Studies. According to Schulich’s website, students with these joint degrees have gone on to achieve titles like Theatre Director, Corporate Communications Manager and VP of Strategy.
Cameron Students Gain Hands On Experience at New York Conference
Students from the University of St. Thomas – Cameron School of Business were recently given the opportunity to join their professor, Dr. C. Joe Ueng, for a business conference and competition in New York City.
Booth Announces University of Chicago China Forum
The Booth School of Business will host the University of Chicago China Forum 2017 on April 29-30 at Ida Noyes Hall on the campus of the university, the school has announced. The forum will cover topics ranging from economics and technology to investment management and entertainment. Continue reading…
LBS Employment Report Finds Grads Falling Out Of Love With Finance
London Business School MBA graduates may be seeing higher salaries and increased hiring rates, but its love of the finance industry may be waning.
According to the 2016 London Business School employment report, MBA grads are joining the financial sector at the lowest rate in five years. LBS grads are still joining the industry at 25 percent overall, which trails the 35 percent of graduates that enter consulting. Technology, which hired the third-most LBS 2016 graduates, came in third at 21 percent—the same percentage from the previous year.
via London Business School Employment Report 2016
Goldman Sachs, which typically hires the most LBS MBAs that move into the financial sector, only hired six employees from the 2016 class, down from nine the previous year. Credit Suisse and Citi Bank also hired less grads than the previous year. This all comes despite the fact that the aforementioned companies hired several more total summer interns, but did not retain them. For instance, Goldman Sachs took in 13 interns but only hired six employees—creating a retainment rate of only 46 percent.
Another marked difference is the slightly noticeable decline in finance hires joining private equity firms rather than traditional investment banks. 2016 marked the first year—ever—that more joined private firms, with nine percent of graduates compared to seven percent joining investment banking. These figures fall in line with trends that have persisted since the financial collapse of 2008. eFinancialCareers debuted a report in September of 2016 that found a steadily declining love between MBAs and traditional big banking.
If you’re in London in particular, therefore, the MBA-into-banking route has pretty much disappeared in 2016. Banks’ recruiters say it’s the culmination of a long term trend. ‘This has been going on since 2008,’ says one, speaking off the record. ‘Once things got tough, MBAs just weren’t seen as value for money any more.’
Despite the dampening of the overall numbers, salary rates saw a noticeable bump for finance industry hires. The average annual salary of 2016 grads jumped from £78,358 to £81,905, with the highest max salary leaping from £125,468 to £151,469.
Consulting Hires Jump
The total percentage of LBS graduates joining the consulting industry jumped moderately from 33 percent in 2015 to 35 percent last year, with the majority of hires joining Boston Consulting Group (BCG), McKinsey & Co. and Bain & Company. BCG specifically saw hires nearly double over the course of a year, improving from 19 to 34 total.
Like the financial sector LBS hires, salaries increased across the board for consulting industry MBAs. The average annual salary of those in the industry leaped from £79,773 to £83,268, although the highest salary tracked was £117,389—down from £121,824 in 2015.
The Incoming LBS MBA Class
A total of 411 new students will join LBS in 2017, ranging from 24 to 39 years of age. They enter the MBA program with an average of five years of professional work experience and a 701 GMAT score (up from 699 last year). As well, there is a moderate increase in female students and diversified nationalities. Accepted female applicants jumped to 37 percent from 36 percent, and 68 total nationalities are represented, up from 65 in 2015.
You can read the entire LBS 2016 employment report here.
