How Quickly Can You Earn an MBA in New York City?
The time of the two-year MBA is coming to an end. Now, many top schools offer accelerated MBA programs that can be completed in as little as 12 months—with one school offering a nine-month MBA program designed just for business school graduates. So where you can find the fastest MBA degrees in NYC?
For most of these one-year NYC business school programs, the MBA curriculum and experience is similar to that of the traditional two-year MBA but condensed into a more intense 12-month format. These are the ideal programs for business professionals who do not have the time to take off two years of work but want the full MBA experience. Continue reading…
How Philadelphia MBA Programs Help Lower-Income Applicants
Compared to Philly’s east coast metropolitan peers, its cost of living is laughably low. Additionally, Philly has all of the advantages of being located smack dab between DC and NYC. Although Wall Street has long since displaced Philly as the American center for banking, much of that infrastructure and tradition remain, which helps Philly maintain its status as a major economic powerhouse in the 21st century.
Since, according to Philly Mag, Philadelphia has one of the fastest growing millennial populations in the country, the city has creativity and energy that permeates every sector. All of these factors make Philly the perfect place to launch a career.
For low-income students looking to pursue an MBA in Philly, we’ve compiled a list of what some of Philly metro’s top schools are doing to help students fund their higher education.
Fox School of Business — Temple University
The Fox School of Business at Temple University has a variety of options for students looking to finance their MBA. In fact, according to the school’s website, 60 percent of first-year Temple students receive need-based aid each year. On average, first year students receiving need-based aid are awarded $15,000 toward tuition. Fox carefully assesses the applications of all incoming students, and the school distributes merit-based scholarships for those who demonstrate particular promise. There are also specific financial perks for Temple alumni coming into the MBA program. These students are not required to pay an application fee and receive a five percent tuition scholarship.
JUST FOR YOU: Fox Temple EMBA Jumps in New Financial Times Ranking
Lehigh University College of Business and Economics
The Lehigh University College of Business and Economics provides a some merit-based scholarships to helps students fund their education. Awards are determined by the Committee on Financial aid. The committee considers an applicant’s undergraduate record, test scores, and work experience. Scholarships include the Dean’s Scholar, which offers extremely promising students a full ride plus a $10,000 living stipend.
Lehigh also has a number of Director’s Scholars, who may receive awards anywhere from $5,00 to full tuition. Lehigh offers many other scholarships in addition to need-based financial aid specific that varies depending on the MBA track.
LeBow College of Business — Drexel University
When considering Philly Metro MBA programs that provide resources for low-income applicants, it would be remiss not to mention Drexel’s LeBow College of Business. At LeBow, an impressive 82 percent of full-time MBAs get aid that amounts to 62 percent of tuition. Additionally, nearly 70 percent of full-time students benefit from grants that covered about one fifth their tuition. Drexel also offers merit-based scholarships. Additionally, the school offers the URM Scholarship, which offers supplemental fiscal gifts to underrepresented minority students.
Smeal College of Business — Penn State University
Penn State’s Smeal College of Business has a large number of MBA alumni-funded scholarships that are awarded based on academic achievement, work history, and how well students fit into the Smeal program. Around 20 percent of incoming students receive $5-10,000 awards. There are fellowships for specific groups of students, including the Powerful Women Paving the Way Fellowship which is awarded to promising women, and the Maimuna Mijindadi Anyone Memorial Fellowship, for students of Nigerian descent.
The Wharton School — University of Pennsylvania
Students who apply to Wharton are automatically considered for fellowships that offer some level of financial support. Students also have the option of applying to any of over 700 external fellowship programs. Wharton students can also apply for private or federal loans.
The Ivy League business school offers a litany of scholarship opportunities for incoming and current students, from the American Association of University Women, to the Instituto Ling Scholarship Program for international applicants, among others.
Additionally, Wharton hosts a positively booming array of fellowship opportunities, including some of MetroMBA’s favorites, like the Forte Fellowships program and the Reaching Out LGBT MBA Fellowship.
For more information on Wharton’s many financial assistance opportunities, click here.
Lehigh Alum Donates $5 Million to Business School
Sanjay Shah, CEO of Vistex, Inc., recently donated $5 million to Lehigh University to fund the Vistex Institute for Executive Learning and Research, three decades after he left India to attend the school.
“Lehigh was my gateway to life in the United States. Lehigh will always have a special place for me. The U.S. is my home,” Shah said.
This gift was intended to help Lehigh expand their executive education program.
“This gift is absolutely, positively transformational. The gift allows us to expand our offerings, footprint, and partner with Vistex. It is not just a gift. It is truly an intellectual partnership,” said Georgette Chapman Phillips, dean of the Lehigh College of Business and Economics.
Shah launched his software company in 1999, and gave Lehigh this donation with the hope that Vistex could offer its resources to the executive program.
Shah said, “Since we also work with some of the best known brands in the world I believe that our participation, not just in the commissioning of the institute, but as it also develops and grows, we will be able to bring our clients and their perspectives into the programs as well.”
Historically, Lehigh has not had a developed executive education program. However, in 2016, the school brought on David Welsh to design and direct an executive program.
When asked about the new program, Phillips said, “The whole idea is we want people to never stop learning and we want to be their partner from (age) 18 to 80.”
Shah’s donation will be used to erect a new building and provide a greater wealth of resources to students.
Lehigh President John D. Simon praised Shah for his generosity, saying, “With this support, Mr. Shah is embodying the coward-thinking, impact-driven ethos of Lehigh graduates by utilizing his passion for the university and for lifelong education to support future leaders.”
Defining Your Career Path With a Lehigh College of Business 1-MBA
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Editor’s Note: As part of the Lehigh 1-MBA program enhancements, the internship component was replaced with a Consulting Practicum. Click here to learn more about the 1-MBA.
While crafty interview skills and a sharp résumé can greatly help the pursuit of a career, there’s no greater asset to future employment than a productive internship.
Two MBA students at the Lehigh University College of Business and Economics are learning the exceptionally valuable lessons of the intern experience, although the pathways to their current roles are certainly unalike. Richard London, a former law enforcement member from Lehigh Valley, Pennsylvania, and Suzanne Zar, a Central New Jersey native who spent the majority of her career in the healthcare industry, will both officially earn their MBA degrees before the end of 2017.
London was eligible to retire from law enforcement in 2015, but he wasn’t simply going to settle without a career moving forward. In a recent interview with MetroMBA, London revealed his ultimate decision to join the business school after viewing a 1-MBA presentation at a local community college.
“I immediately saw the advantages of obtaining an MBA for myself and I explored the differences between the Flex MBA and 1-MBA programs,” he says. “Given my age and my proximity to retirement, I determined the 1-MBA program was the best option for me.”
Zar, on the other hand, followed the more traditional MBA path. After earning a Bachelor’s degree in Sports Medicine/Human Physiology from the University of Delaware, Zar’s career has been centrally focused in global pharmaceuticals. However, Zar felt her career in the competitive industry could only go so far without an MBA.
“I had a long career in different facets of marketing and my clients were in the healthcare/pharmaceutical space,” she says. “I wanted to continue that work but as the decision maker working for a top pharma company ideally in oncology. To do so I needed to up my game! The level of positions I was looking at required an MBA and I wanted to keep a competitive advantage to ensure my success.”
The Lehigh 1-MBA program offered both London and Zar a direct chance to work in their desired fields. Zar earned a position with German chemical, pharmaceutical, and life sciences giant Bayer, which has its North American headquarters in Whippany, New Jersey. London’s role lead back to working side-by-side with law enforcement, through Montreal technology company Genetec Inc.
“Part of my responsibility before I retired from law enforcement was to manage the technology projects for the agency I worked for,” London notes. “ We have all seen the strained relationships between law enforcement and the public over the past few years. Part of the solution to easing that tension has been the development of technology products for law enforcement; particularly Body Worn Cameras (BWC) for officers.”
“I offered them [Genetec Inc.] some domain knowledge they did not have access to, and they offered me the opportunity to explore the law enforcement market to determine if my experiences were similar to other agencies across the country,” he continues. “I spent the summer traveling around the U.S. talking with law enforcement executives about their views and challenges with the new technology that is being thrust upon the industry and created a business and marketing strategy for the new group.”
Forging the directions in both London and Zar’s career trajectories relied both on an immeasurable internal work ethic and the significant hands-on approach Lehigh provides its students.
“What I would recommend about Lehigh is the personal connection students receive from the faculty and department heads,” Zar says. “The curriculum covers all of the bases in a traditional MBA as well as staying relevant with classes that tackle current business trends such as big data, technology and innovation.”
“It is the experience itself that has made this journey worth every minute,” London adds. “Real life is deadlines, commitments, relationships, time management; all things that can’t be learned in a classroom or by reading a book. From the moment you start the 1-MBA program, you are part of something; just like you would be in the real world; it’s like going to work for a small corporation. You are learning something new; but, you are learning it along side others in your cohort and you have to learn to rely on yourself, your classmates and the 1-MBA staff. If any part were missing, the experience would be different. For me, these are the real lessons from the 1-MBA program.
“The 1-MBA program stands apart from many of the programs out there by offering the highest level of education with professors that go above and beyond to help their students,” Zar concludes. “The size and diversity of the students in the program lends itself to great collaboration and experience sharing.”
For more information about the Lehigh University College of Business and Economics 1-MBA, visit the official school website here.
Lehigh Business Heading To Forté Foundation Forums
From mid-August and into the fall, the Forté MBA Forums will be held across 12 cities in the U.S., Canada and UK. Representatives from dozens of highly-reputable business schools will be in attendance for the 12-city event, including the Lehigh University College of Business and Economics.
Michael Tarantino, Director of Recruitment and Admissions, will be attending the August 14 event in Washington DC as well as the August 29 Forté MBA Forum in New York City. There, prospective MBA applicants will have a one-on-one chance to learn about the school and its advantageous MBA programs. Lehigh currently offers a full-time One Year MBA and the award-winning part-time Flex MBA, along with multiple dual MBA opportunities.
Forte has offered a more richly detailed account of the upcoming events:
”The format for these events is highly interactive. Each event will consist of two panels, the Alumnae Panel and the Admissions Panel. The Alumnae Panel will include a moderator and four to five panelists from various industries and career stages. The Admissions Panel will include a moderator and three to four senior admissions officers to discuss the MBA application process. Women will have the opportunity to network with school representatives during the entire program.”
On the event, former attendee Madeline Keulen notes, “The Forté Forum event provided the exact insights we were looking for. Most of the schools I was interested in had representatives at the event who could speak to the specifics of their programs, and panels of alumni enhanced the richness of the experience through their personal stories of why they chose to pursue an MBA. I have a much better sense of where I’d fit best.”
The August 14 event will be held at the Renaissance DC Downtown Hotel at 999 9th Street NW, Washington, DC 20001 and the August 29 forum will be held at New York I, Goldman, Sachs & Co., 200 West Street, New York, NY 10282.
For more information on the events and the many other upcoming Forté MBA Forums, visit the official Forté website.
Check out more of Lehigh University’s upcoming events here.
IEX CEO Brad Katsuyama To Speak At Lehigh Business
Renowned economic activist and CEO of The Investors Exchange (IEX), Brad Katsuyama, is scheduled to speak at Lehigh University on Tuesday, March 21 at 7:30 p.m. The talk, which will take place in Lehigh’s Baker Hall, is free and open to the general public. The speech will be presented by the Center for Financial Services at the Lehigh College of Business and Economics, the Visiting Lecturers Committee and the Zoellner Arts Center.
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