Top MBA Recruiters: Anthem, Inc.
Founded in 2004, Anthem, Inc. is one of the largest health insurance providers in the United States, and it is the largest for-profit managed healthcare company within the Blue Cross Blue Shield Association. With approximately 40 million members, $92 billion in revenue, and 63,900 employees, it’s a market leader in health services.
Continue reading…Top MBA Recruiters: CVS
Founded in Lowell, Massachusetts by the Goldstein family, the first CVS opened its doors in 1963. The company quickly grew into a local chain and by 1970, operated 100 stores on the East Coast.
Continue reading…Building Your Bayer Career with an MBA
The pharmaceutical and biotech industries are rife with opportunities for b-school students. Competition among brands and rapid technological development make can make having an MBA an exceptionally worthwhile advantage.
Finding Your New Career: What MBAs Need to Know About Aetna
Founded in 1853, Aetna Inc. has long been one of the most successful health care companies in the world. Serving roughly 37 million consumers, Aetna makes it a priority to recruit diverse and dedicated individuals to their team of nearly 50,000 employees throughout the U.S. The company’s wide reach and impact on the world of health care cannot be overstated; last year, the company made headlines with the huge announcement that it would be purchased by CVS in a $69 billion acquisition—a move which one New York Times report said would “reshape the American health care industry.”
With a commitment to finding skilled team members, and with needs ranging from health care to technology to financial services, it’s no wonder that Aetna and MBAs can make a perfect pair. Aetna has a long history of MBA recruitment, offering a Summer Associate Program which was recently named in Vault‘s 2018 “Top Internship Survey” as the second “Best Healthcare Internship” and ninth “Best Financial Services Internship.”
Why MBAs Love Aetna
Even with massive growth and the status of Fortune 50, Aetna can hardly be described as a stuffy or overly bureaucratic workplace. And it’s no wonder with a mission to help people and build a healthier world that that work should start with their own employees. The recognition Aetna has received for their diverse workplace speaks for itself: in 2016, the Human Rights Campaign Foundation named the company among the best places to work for LGBT employees. Other awards include a 2015 “Best Employer Healthy Lifestyles Platinum Award” form the National Business Group on Health, as well ranking in Training magazine’s “Training Top 125” as the 60th best company for employee development.
MBAs may be drawn to a potential Aetna career for its focus on employee development and creating a diverse workforce, but they probably stay for the payday. According to Payscale, MBAs at Aetna can make anywhere from $84,000 to to $10,200, a significant increase from the average salary for those with undergraduate degrees (around $70,000).
In addition, Aetna’s benefits package truly reflects the company’s strive towards healthy lifestyles. In addition to healthcare, company benefits include coverage for services like counseling, legal and financial support, employee discounts, and access to fitness centers.
Life at Aetna
Aetna offers a number of early career opportunities for recent graduates, which focus on area-specific training and providing access to a network of mentors and experienced professionals. Interested students will find development programs in a wide range of fields, including:
- Actuarial
- Finance
- General Management
- Human Resources
- Information Technology Leadership
- Information Technology Technical Training
- Sales
- Underwriting
The details of each program vary from field to field, but typically span anywhere from three to six years. Most programs also include rotations that will allow students exposure to the wide variety of opportunities open at Aetna, even within a particular area. For example, possible rotations included in the Financial Development Leadership Program include business finance, investor relations, tax, and corporate investment. After the program is completed, graduates will be placed in a full-time position, though the professional development and advancement opportunities will continue long after the program is done.
Landing an Aetna Career
Aetna is an active recruiter of MBAs and interested students should keep an eye out for professional recruiting events and career fairs throughout the country.
Each Aetna career has different requirements, but most early career programs expect applicants to have a GPA of 3.0 or higher, an undergraduate degree in a related field, strong analytical and communication skills, and the ability to succeed in a fast-paced environment.
In addition to the early career program, at the time of writing, there are 16 open jobs that require or strongly prefer applicants with MBA degrees. Below is a small sampling of the types of jobs available to MBA graduates at Aetna:
Product Strategy Manager – New Insurance Plan Design
- The Product Strategy Manager, a position for which candidates with top tier MBA degrees are preferred, will be at the forefront of decisions surrounding what healthcare is and how/where/when its delivered to those in need. According to data reported to Payscale, individuals in this role earn an average salary of $123,000 each year.
National Accounts Product & Solutions Leader
- Requiring an MBA and at least eight years of professional experience, the National Accounts Product & Solutions Director will “execute the product and solution strategy for the company in the national account employer group market” through collaboration as a member of the Large Group Solutions team.
Lead Marketing Analytics Consultant
- The Lead Marketing Analytics Consultant will use statistical predictive models to problem solve and help make decisions. The person in this role will also serve as a key contact for business stakeholders, and must be able to easily convey their predictions and recommendations to senior leadership. For this role, Aetna seeks someone with at least 7 years total business experience with an MBA preferred.
Supply Chains, Rankings Changes, and More – Philly News
We know it’s hard to keep up with the news while you’re enjoying your summer, so we put all the latest Philly MBA news in one place just for you!
How UD MBA Grad Lisa Weaver Saved DuPont $8 Million and Counting — UDaily
Lisa Weaver, an MBA graduate from the Delaware University Lerner College of Business and Economics, was recently named to the Institute for Supply Management’s 30 Under 30 Supply Chain Stars list. As category manager for DuPont’s sourcing and logistics department, Weaver led initiatives resulting in more than $8 million in savings.
In a recent Q&A with her alma mater, Weaver explained how her experiences at UD influenced her career in supply chain management.
“Lerner resources like the Career Services Center allowed me to find the right jobs for me at the time,” she said, adding:
“Additional programs like the Graduate Executive Mentors program allowed me to expand my network and develop a relationship with a mentor. My mentor has challenged my thinking, increased my confidence and provided alternative perspectives. Each of these experiences through Lerner have influenced my career in a different way and provided additional capabilities to be successful.”
You can read more about Weaver’s impact at DuPont and her Lerner experience here.
Faculty Quality, Other Factors Propel Penn State Smeal Executive MBA — Smeal News
The Executive MBA Program at Penn State’s Smeal College of Business was ranked as the 26th overall and 7th among programs from public institutions in The Economist’s 2018 recent list of top global EMBAs.
“What makes the Smeal Executive MBA Program truly unique and led to a successful debut in today’s rankings is our unmatched combination of faculty quality and the unique access our students have to those amazing resources,” said Managing Director Jason Stieg. “The program delivers every course in a face-to-face environment using the same renowned faculty who teach in Smeal’s full-time residential MBA program at University Park.”
Smeal’s EMBA in Philadelphia is one of the top ten public programs in the world, according to The Economist.
The Philadelphia-based Executive MBA takes place over 17 months, and is the highest-ranked Philadelphia-area program. You can learn more about the program here.
Saint Joseph’s Offers Exclusive Healthcare MBA Program for American Osteopathic Association — SJU News
According to a recent press release, Saint Joseph’s Haub School of Business has announced a healthcare-focused Executive MBA program designed exclusively for the American Osteopathic Association’s physician members.
“An executive MBA in health care expands doctors’ knowledge of industry challenges and solutions and allows them to prepare for their next steps—career shifts into administration, consultancy, or running a private practice,” said Joseph A. DiAngelo, dean of the Haub School. “We are proud to equip healthcare leaders with such valuable skills.”
The program offers participants an online, two-year MBA while also simultaneously completing medical education credits. To learn more about the executive MBA in health care program, or to learn how to apply, click here.
Temple Fox Business Dean Moshe Porat Resigns – MetroMBA
Months after Temple University’s Fox School of Business was removed from the U.S. News & World Report rankings earlier this year, Moshe Porat—the long-time dean of the business school—was officially asked to resign while the internal structure of the school goes into rebuild-mode.
No news has been released as of yet of Porat’s replacement, or which methods Fox will offer to change in the future when it comes to school rankings. You can read more about his resignation here.
The Best Healthcare Management MBAs in Texas
As the nation’s second-largest field of employment, healthcare is a fast growing and rapidly changing industry expected to be worth trillions in the near future. A job in healthcare can represent any number of opportunities from working in a hospital to working for a government agency, insurance organization, consulting firm, group practice, pharmaceutical company, or biotechnology firms. In each of these areas, there’s a massive need for well-qualified individuals who can respond to critical problems. That’s where a healthcare management career can be valuable.
As a healthcare manager, you’ll be responsible for managing and coordinating health services while working closely with physicians and administrators to best represent your facility. It’s a rewarding career field with a positive job outlook—employment is expected to grow much-faster-than-average, according to the Bureau of Labor Statistics.
If this sounds like the career for you, one of the first steps is to earn your Healthcare Management MBA. A Healthcare Management MBA provides students with in-depth expertise on the unique elements required to work in the healthcare industry.
As for where to earn your degree, here are the best Texas healthcare MBA programs.
Dallas
Naveen Jindal School of Management – University of Texas at Dallas
In Dallas, the Naveen Jindal School of Management is known for its healthcare focus. Not only does the school offer a Master of Science in Healthcare Leadership and Management, which is a flexible evening program that can be completed in 18 to 24 months, but MBA students can also choose the Healthcare Leadership and Management concentration. This MBA concentration prepares students for leadership positions in healthcare and is a cross-functional and industry-focused option.
What makes the Healthcare Management MBA concentration stand out at Naveen Jindal is the fact that classes are taught by faculty and healthcare executives who have the specialized expertise and experience needed to train up-and-coming graduates. In addition, students can participate in the Healthcare Management Association (HMA) to cultivate industry experience, networking opportunities, and healthcare resources. The school also offers a Healthcare Management Executive MBA for current physicians who are looking to expand their skillset.
Hankamer School of Business – Baylor University
At the Baylor University Hankamer School of Business in Dallas, there’s a specialized MBA in Healthcare Administration. This degree path is offered in conjunction with the Robbins Institute for Health Policy and Leadership and gives students the opportunity to gain an interdisciplinary foundation in health services and business. The MBA program is nationally recognized, ranked 17th in the nation in 2016 by the U.S. News & World Report, and ideal for students interested in a healthcare career.
What makes this MBA program unique is that it includes a seven-month paid Executive Residency with a leading progressive health organization. During this residency, students receive guidance from well-qualified, practicing healthcare executives who give them the opportunity to apply and test their knowledge. Also, students can apply for the Executive Healthcare MBA program in Dallas and participate in the Future Healthcare Executives (FHE) student organization.
Neeley School of Business – Texas Christian University
Another opportunity for healthcare-minded MBA students in Dallas is the Healthcare MBA at the TCU Neeley School of Business. This program is designed for current healthcare professionals or individuals who are looking to enter the healthcare industry. It’s offered in partnership with the University of North Texas—Health Science Center and provides an in-depth healthcare focus.
What makes this program unusual is that students can choose a standard MBA (48 credit-hours) or an accelerated MBA (36 credit-hours) depending on their experience in business. In either case, MBA students completed 10.5 credit-hours of healthcare-specific courses as well as 9-10.5 credit-hours of additional business or healthcare electives. Some of the specialized courses include:
- Healthcare in the U.S.
- Population Health
- Legal Aspects of Healthcare
Houston
Rice University – Jones Graduate School of Business
At Rice University in Houston, there are multiple opportunities for MBA students at the Jones Graduate School of Business to develop their healthcare experience. Specifically, the school created a healthcare program that offers practical learning options and multiple healthcare electives. Some of those electives include U.S. Health Care Management, Health Care Strategy, and Health Care Operations Management.
As full-time MBA students, there’s the option to choose the health care concentration, which includes 12 credits, out of 24.5 available, focused specifically on a career in healthcare. Its unique curriculum prepares MBA students for a variety of healthcare settings including pharmaceutical, biotech, and insurance as well as hospitals and private practices. There are also many other ways to learn about healthcare at Rice University including speaker series, panel discussions, and multiple events.
The Jones Graduate School of Business at Rice University offers a wealth of healthcare MBA options, including a MD/MBA dual degree.
Cameron School of Business – University of St. Thomas
In Houston, there’s also an MBA in Health Care Administration offered at the Cameron School of Business. This program is offered in conjunction with Texas Woman’s University (TWU) and gives students the opportunity to obtain the fundamental health services management skills required for a successful career. In addition, there’s an opportunity for a dual Master of Healthcare Administration (MHA) and MBA degree. As part of the program, students take courses at both TWU and UST.
