Hot MBA Jobs – Nonprofit Fundraiser
It goes without saying—everybody likes making money. But while everyone loves some extra change in their bank accounts, some really get a sense of accomplishment working directly for a cause or nonprofit corporation.
Graziadio Dean on the Future of the Job Market
Dean David Smith of Pepperdine University’s Graziadio School of Management recently wrote a piece for the LA Daily News on the state of California’s most recent unemployment rate.
In a guest commentary, Smith addressed the state’s 4.9 percent jobless number, which, while markedly lower than last year’s figure, is still cause for close attention by recent grads.
Hot MBA Jobs: Chief Technology Officer
When thinking about executive-level positions within companies the first titles that always come to mind are CEO, CF, and CIO, but for technology companies, there’s another vital position—CTO (Chief Technology Officer). The CTO is focused solely on scientific and technological issues within an organization as well as research and development (R&D). It’s a role that is in high demand and difficult to obtain, which is why an MBA can give you that leg up you need.
The truth is that MBAs and the tech industry are starting to go hand-in-hand more than ever before. In 2015, 37.8 percent of UC Berkeley’s Haas School of Business graduates joined the technology industry. And at MIT’s Sloan School of Management, 30.6 percent of their MBAs entered the high technology industry (computers/electronics, software/internet, and telecommunications).
So, what exactly does it take to be a chief technology officer and what do they do?
Continue reading…
Top MBA Recruiters: Nike
“Just do it.”
Simple and unimaginably iconic, it’s perhaps the world’s most popular corporate slogan, attached to the world’s most lucrative sports business company. Headquartered in the Portland, Oregon metro area, Nike’s annual revenue exceeded $32 billion in this year and the company employs more than 62,000 people worldwide. Forbes currently estimates that the brand is the 18th most valuable in the world.
Seattle Unemployment Falls While Real Estate Booms
Seattle’s unemployment rate reached 3.9 percent this past September—the lowest rate in five years. In 2011, the city’s jobless rate hovered around 8 percent. The drop in unemployment is due to many factors, not the least of which is Seattle’s booming tech economy. Continue reading…
Top MBA Recruiters: Citigroup
Many MBAs seek employment from top financial services firms following graduation, and one firm close to the top of any “Dream Job” lists is Citigroup Inc. As reported in our “Best Companies to Intern For In Chicago”, Citigroup has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. According to Forbes, Citigroup employs around 231,000 individuals.
The company provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management. According to Citi, the firm currently operates through two primary business segments: Citicorp, which represents core growth franchises, and Citi Holdings, which contains businesses and assets that are not necessarily core to the firm’s future.
A Little Bit of History
According to Citigroup, the City Bank of New York was chartered in 1812 when a group of merchants took the first steps toward setting up a new bank to help New York compete with rivals in Philadelphia, Boston and Baltimore. Citigroup in its current incarnation was formed from one of the world’s largest mergers when Citicorp and financial conglomerate Travelers Group merged in October 1998. As of recent, it is the third largest bank holding company in the US by asset value.
Despite suffering huge losses during the global financial crisis of 2008 and having to be rescued by a giant US federal stimulus package, as of June 2012—its 200th anniversary—Citigroup had stockpiled a hefty cash reserve. Just years after the crisis, the firm established $420 billion in surplus liquid cash and government securities.
On Citigroup’s 200th birthday, CEO Vikram Pandit offered a statement during Global Community Day—an annual event that serves as an opportunity for employees, alumni, family and friends around the world to gather to demonstrate a shared commitment to its communities.
“For two centuries, Citi colleagues have worked to enable economic progress and support our clients on their journey from ambition to achievement. There is no better way to celebrate our 200th anniversary than by honoring our history, embracing the future and working together to strengthen the communities where we live and work.”
Citigroup and MBAs
According to Bloomberg, Citigroup the biggest MBA employer in financial services, ahead of Bank of America, JPMorgan Chase, Goldman Sachs, Credit Suisse, Barclays (BARC:LN), Morgan Stanley and Deutsche Bank (DBK:GR).
Fortune also notes that Citigroup ranks as one of the 25 “Most Desirable MBA Employers”, with 4.75 percent of all MBA graduates wanting to work for the firm. The ranking states that Citigroup expects to hire about 235 new MBAs each year as associates and management associates, particularly favoring candidates “with a global mindset and strong analytical and communication skills.”
Bloomberg also listed some other business schools that Citigroup commonly hires from, including Cornell University’s Johnson School of Business (6.75 percent, 19 students), Olin School of Business (3.55 percent, 5 students), McDonough School of Business (2.38 percent, 6 students). Recruiters have also highlighted career opportunities in Korea and Japan at events with Northwestern’s Kellogg School, University of California-Berkeley’s Haas School and MIT’s Sloan School.
Getting a Foot in the Door
With major locations in New York, Los Angeles, San Francisco, Houston and Chicago, Citigroup ranks high on the list of MBA internships. According to TopMBA, Citigroup’s MBA interns participate in hands-on work alongside analysts and associates for 10 weeks.
“Citi’s programs give interns the opportunity to have a real impact while doing real work, and many of them return as full-time analysts and associates following graduation,” said Courtney Storz, Citigroup’s head of graduate recruitment and program management for North America.
The competitive internship program gives interns the chance to contribute as a member of the team to which you are assigned and have responsibilities similar to a first year professional. Citigroup utilizes the summer internship program as a primary source for hiring full-time employees.
Internships are available in investment banking, equities, fixed income currencies & commodities, global transaction services, technology and human resources. According to Citigroup, the firm offers a competitive salary for interns, similar to that of a full-time associate already hired in an entry-level position.
