Top MBA Recruiters: HSBC
HSBC is a multinational investment bank headquartered in London. It’s the seventh-largest bank in the world and the largest in Europe, with $2.5 trillion in total assets. A financial services holding company, HSBC traces its origins to Hong Kong where it first opened a branch in 1865. Now, it has more than 3,900 offices serving 38 million customers in 65 countries around the globe.
Continue reading…New Media Industry Jobs for Business School Grads
The reputation of the traditional MBA career path is they either move into a major financial firm or become consultants. While this stereotype belies the diversity of MBA careers, to outsiders the available options can seem quite limited, especially if the graduate in question is interested in more creative pursuits.
This week’s newest jobs are for the folks who want to apply their business skills to creative ends. The four new media industry give a broad view what companies need from b-school grads, offering positions at digital powerhouses and traditional recording studios. If you have always prized your knowledge of television or music, these might be options for you.
Top MBA Recruiters: AIG
American International Group, better known as AIG, is a multinational insurance and finance corporation that operates in more than 95 countries, employing over 60,000 people. As one of the world’s largest insurers, it’s a safe bet that MBA students and graduates can do very well at the company.
Let’s take a look at how B-schoolers can secure a position with the world’s largest insurer:
Landing an AIG Career
AIG suggests two general pathways to entry-level employment for students: summer internships or becoming a full-time analyst.
For professionals with previous work experience in pursuit of higher-level positions, AIG employs technologists, administrators, engineers, healthcare professionals, risk managers, and financial professionals. With regard to the hiring process, current AIG employees were hired via recruiters, employee referrals, and everything in between.
Applicants who are invited to interview can expect an initial interview with an AIG recruiter, followed by in-house conversation with a business member or team of interviewers.
The AIG Internship Experience
The 10-week AIG Summer Intern Program offers “tangible, hands-on experience and insight into our business operations.”
Interns undergo three days of orientation and training, then step into one of AIG’s lines of business. The company promises its interns “real projects, with equal opportunity for challenges and achievement.” AIG interns who demonstrate the most leadership potential are typically hired by AIG for full-time employment after graduation.
What Does an AIG Analyst Position Entail?
Open to graduates of all degree disciplines, the AIG analyst position is an entry-level pathway with an average salary just shy of $80,000. Described as “exclusive and competitive,” the program hosts an orientation in New York City for hires from around the world.
Even entry-level analysts at AIG can expect hefty salary opportunities, with analysts starting around $80,000 USD per year.
The “First 100 Days” initiative, which aims to support new hires with their transition into the company. At the end of the initiative, new employees take part in the Horizon Challenge, “a multi-month learning experience focused on developing innovative solutions for strategic challenges AIG currently faces.”
The First Year Learning Experience then culminates with the Spring Development Session, “an opportunity to showcase key learnings from the Horizon Challenge and reinforce takeaways from your first year.”
Choosing an AIG Career
With immersive and challenging learning environments, opportunities for advancement and moving within the multi-faceted company, AIG also emphasizes its value of diversity and inclusion. AIG’s Employee Resource Groups seek to foster community and support employee development. The company boasts $7.9 million in matching gifts to charities chosen by employees.
Salaries for MBA graduates can greatly vary, due to position seniority and specialty. For instance, MBA graduates with an expertise in marketing may be better suited for a career in Project Management, which offers an annual salary rate estimated above $100,000 USD per year. General Managers often make even more, pulling around $128,000 per year, according to Glassdoor data.
MBA graduates at AIG can often make more than $100,000 USD per year, varying by positional specialty and seniority.
AIG career benefits, as one may assume, are also fairly strong. Various anonymous reports on Glassdoor detail that employees typically see a minimum of 21 days off per year, with several days that can carry over year to year. Some employees also report unlimited time off, which may seem like a godsend compared to several of the world’s most recognizable insurance firms. AIG also offers employees a comprehensive pension plan, 401(k) offerings, and more.
AIG Career Recruiting
Professionals with significant work experience and demonstrated success may be targeted for direct recruiting, but most hopefuls will need to do their own legwork to get this employer’s attention. Beyond the internship and analyst pathways, AIG offers membership with its Talent Network. Experienced professionals are encouraged to search opportunities and apply directly via the company’s careers site.
Top MBA Recruiters: Netflix
In the 1990s, when you wanted to rent movies, there was only one way to do it: head into a Blockbuster. At least that was the case until 1997 with the advent of Netflix.
When the company first got its start, the world of on-demand streaming was nonexistent. Instead, Netflix.com was a DVD rental and sales site where you paid a low monthly fee for unlimited DVD rentals. By 2005, more than 4.2 million people became members of Netflix and Blockbuster began to fade.
Everything changed again in 2007 when Netflix introduced streaming, where members could instantly watch TV shows and movies online. All you needed was your parent’s password, and the rest is history.
Now, Netflix is a video streaming giant with 139 million paid memberships in over 190 countries. Members can watch as much as they want, anytime and anywhere, including original series, such as the highly successful Orange Is the New Black and House of Cards.
With all this going for it, it should be no surprise that Netflix is a sought-after employer for MBAs with a keen interest in disruptive tech and entertainment.
Why MBAs Love Netflix
Netflix is famous for its unique company culture. According to Business Insider, the company “does not tolerate either failing employees or ‘brilliant jerks.’” That can be both good and bad depending on your viewpoint. What it does translate into is a company that focuses on “freedom and responsibility,” meaning you’ll be expected to work hard, hit the ground running, and excel in a cutthroat environment.
“Being part of Netflix is like being part of an Olympic team,” Netflix tells the Wall Street Journal in a written statement. “Getting cut, when it happens, is very disappointing but there is no shame at all. Our former employees get a generous severance, and they generally get snapped up by another company.”
The good news is that this equates to impressive pay with 800 employees on Glassdoor giving the company 4.2 stars for “Compensation & Benefits.” On average, a manager at Netflix can expect to earn $178,176, while a senior manager makes $213,243. The key is that you perform and perform well at Netflix. There’s no handholding. Instead, you can expect long hours and a tough work/life balance rating at 3.3 according to Glassdoor.
And there’s no doubt that hard work has paid off for the company. Since 2012, the Netflix stock has increased 2,500 percent and is the indisputable leader in the entertainment industry. It might be a fairly ruthless culture, but it’s working and producing results.
Netflix Careers
According to one former employee who posted an Indeed review in March 2019, “the benefits and the company itself were great: flexibility, values, inexpensive insurance, no dress code, etc.” And others agree.
When you work at Netflix you can expect half free lunches, an amazing kitchen with all kinds of snack and drinks, and fair PTO and sick days. However, you can also expect a demanding schedule that requires you to be on your game and getting the job done.
“Fast-paced, dynamic company, great exposure, and learnings. High impact and good [renumeration] and perks. Many peoples dream company to work for,” one anonymous former director wrote on Glassdoor
Getting Hired at Netflix
Don’t expect getting a job at Netflix to be a piece of cake. According to a 2016 Reddit AMA (Ask Me Anything) hosted by a purported Netflix employee, the interview process is long, involved, and designed to make sure your personality fits the company culture, and you’re technically capable.
According to the Reddit, you’ll talk to “eight or so people,” some of whom are from HR while others are from higher up in the department where you’re applying to. Typically, if even a single person doesn’t like you, you won’t get the job. You’ll even be flown out to headquarters for an all-day interview just to make sure you’re the right person for the job.
As for what Netflix looks for in its employees, they want you to demonstrate qualities that align with their values. This includes:
- Courage
- Humility
- Curiosity
- Passion
- Being open to providing and receiving feedback
- Scrappiness and grit
- Team player
- Inclusive and self-aware
For more insight, there’s a great Netflix podcast that is all about how the company hires, which you can watch here.
Current Netflix Careers
Generally, Netflix does not high new grads or interns. According to a thread on Quora, Netflix does not consider itself an entry-level company. If you’re an exceptionally skilled candidate or someone with a rare skill, the company may make an exception, but for the most part, the company is looking for employees that already have experience.
There are currently more than 450 job openings at Netflix in California, London, Singapore, Amsterdam, Tokyo, and other locations around the world. Those openings include jobs in:
- Business development
- Marketing and public relations
- Finance
- Data, analytics, and algorithms
- Design and product innovation
The best part of every job opportunity at Netflix is the “freedom to do whatever you think is necessary to move the business forward. The worst thing is that nobody will tell you how to spend your time or what exactly you should be working on (outside of setting larger goals for your role),” according to a LinkedIn Q&A
Check Out New MBA Jobs at Walmart, Nike, and General Motors Before the New Year
Are you trying to get one more job application out before the end of 2018? Check out these exciting new MBA jobs at Walmart, Nike, General Motors, Johnson & Johnson and Procter & Gamble, and get those applications in. Soon you’ll be celebrating a new job as well as the new year! Continue reading…
Check Out These New MBA Jobs at Top Food Companies
Soft drinks and coffee and cereal —oh my? When it comes to these products, American can’t get enough. More than $75 billion of soda is purchased every year, with multinational corporations leading the way in supplying goods to meet the worlds’ demands. Continue reading…
