Top MBA Internship Opportunities in the London Metro
As a center for global commerce and business, London is one of the top cities in the world to earn an advance business degree and secure an MBA internship. Continue reading…
MIT Hackathon Yields Planned Parenthood for Substance Abuse – Boston News
Let’s explore some of the most interesting stories that have emerged from Boston business schools this week.
Planned Parenthood for Substance Abuse Idea Wins MIT Enterprise Management Lab Hackathon – MIT Sloan Newsroom
MIT Sloan’s 2018 Enterprise Management Lab hackathon recently came and went. This year’s winning concept applied Planned Parenthood’s business model to substance abuse in an attempt to creatively address the ongoing American opioid crisis.
The idea extended substance treatment to include support for friends and family and offer “a one-stop shop for information” to “government entities, nonprofits, hospitals, and rehab clinics.” Kyle R. Chapman, MBA ’19, and member of the winning team, writes:
“We knew a lot of people would try to solve the problem by going upstream. A smart pillbox might address part of the opioid crisis, but the problem is that’s only attacking one point of a really systemic problem.”
Learn more about this year’s hackathon winner here.
Trending Topics in Marketing and Media – Sawyer Business Blog
Sawyer Business School at Suffolk University recently recapped its recent Bridging the Gap seminar, which offered a platform for Boston marketing and media pros to highlight a number of key industry issues for students, including the impact of data privacy on digital advertising; voice-activated devices; and strategies for building brands in the modern era.
Ereni Markos, associate professor of marketing and co-organizer of the event, writes:
“It’s especially important for all of us in the Marketing Department to bring real-world expertise to the Suffolk community and, in turn, for us to share our thinking from the classroom and working with students. Networking is crucial for students to build their professional network early on in their careers.”
You can read more about the seminar here.
Lessons from Tim Ryan ’88 of PwC – Babson Blog
Babson College recently hosted a guest lecture from Senior Partner and Chairman of PwC US Tim Ryan ‘88, who used his talk to highlight three key bits of advice that touched upon respect, reputation, and recognition. He also spoke extensively with the Babson blog after his appearance about what diversity and inclusion means to him.
“If we don’t truly understand one another, we’ll never be the most inclusive workplace in the world. Outside of family, work is where we spend the most amount of our time. It was a catalytic moment, after over a decade of investing in programs, trainings, studies, and testing, when we realized that the baseline of talking and communicating was missed.”
Read more from Babson’s talk with Tim Ryan here.
The Next Big MBA Career: Global Supply Chain Management
It’s no secret that the world of business is global, fast-paced, and dependent on the movement of goods from one location to another.
As these given features of the business world continue to become more pronounced, those who prefer their “i’s” dotted and “t’s” crossed have started taking their rightful places in boardrooms. Supply chain managers, once considered a secondary or tertiary level of management, have risen to the executive level. In the process, they have become one of the most interesting and lucrative positions in business today.
In a U.S. News article quoting John Fowler, Professor of Supply Chain Management (SCM) in the W.P. Carey School of Business at Arizona State University, he assuredly states that “the average starting salary for our full time MBAs with a specialization in Supply Chain Management was almost $96,000, with a couple of students in the $120K range.” The question remains, though: what exactly does a supply chain manager do?
Supply Chain Management
What’s most interesting about a supply chain manager position is how it has changed over the years— as J. Paul Dittman writes in Supply Chain Management Review, “Ten years ago, the supply chain leader … was a largely functional role that relied on technical proficiency in discrete areas: knowledge of shipping routes, familiarity with warehousing equipment and distribution-center locations and footprints, and a solid grasp of freight rates and fuel costs.”
And while a supply chain manager must remain on top of such functional knowledge today, the position has become infinitely more demanding, with the supply chain manager dealing with processes, inputs, and outputs both upstream and downstream in the creation of a finished product. Thus, supply chain managers must orient themselves toward traditional logistical concerns, but also concerns about raw materials, manufacturing systems, procurements, and marketing/sales. At its heart, the supply chain management position is holistic and complex, and demands a lot from whoever fills it.
Skills Necessary to Succeed in Global Supply Chain Management
While professionals in the global supply chain management field must hone various skills depending on their companies’ needs, the following are some necessary skills for anyone wanting to get into SCM:
- Thinking Globally: Supply chains are increasingly multinational in scope, and so the global supply chain management professional must have deep knowledge of suppliers and customers that span continents.
- Work Sustainably: As sustainable processes become more profitable and more consumers become aware of corporate environmental practices, it is increasingly paramount for SCM professionals to foster and commit to sustainability both upstream and downstream, particularly in the gathering of raw materials.
- Lead Effectively: As SCM positions become more central to organizational leadership structures, the need for charismatic, savvy, friendly, and collaboratively-minded individuals in such positions grows—and the need for such individuals to be able to work cross-company and cross-industry grows, too.
- Have a Tireless Work Ethic: As the demands of the global economy never sleep, SCM professionals should expect to work anywhere between 55 and 80 hours per week, though be compensated handsomely for such non-traditional hours.
The Best Supply Chain Management MBA Programs
There are many wonderful programs in supply chain management, but the following are three of the best, according to U.S. News rankings.
- Michigan State Broad: Eli Broad’s Masters in Supply Chain Management (MSSCM) is a unique program, as it combines onsite courses and learning with online modules, allowing for a more seamless integration of SCM principles into already-existing work schedules and professional commitments.
- MIT Sloan: the Leaders for Global Operations MBA/MS track is among the most elite SCM programs offered, with a defined track for those students who wish to delve deeper into SCM. Companies in the Boston area clamor for students to work on global supply networks after graduation.
- ASU Carey: The W. P. Carey Master of Science in Global Logistics (MS-GL) degree is a nine-month program that prepares those interested in SCM for the complex world of global operations and multicultural perspectives.
What Should You Study? Finance vs. Marketing MBAs
George Harrison, in his final album Brainwashed, has a line in a song that goes, “We pay the price with a spin of a wheel / with a roll of a dice / Ah yeah, you pay your fare and if you don’t know where you’re going / any road will take you there.”
Showdown: Find Out if You Should Get an MBA in New York City or Los Angeles
The battle for hip-hop supremacy may have ended in the ’90s, but we can keep the East Coast-West Coast beef alive while looking at full-time MBA programs in New York City and Los Angeles.
Both cities are home to top business schools and are ripe with employment opportunities in booming industries. But which is best for you? Let’s take a deeper dive.
Location
We’ll start with location, location, location.
The most bustling city in the country, NYC is is the capital of the business world. More Fortune 500 companies are headquartered here than in any other city. The city is not only home to Wall Street and the world’s largest financial institutions, but also some of the largest media, marketing, and advertising companies. While New York City can be daunting in its size, it’s also furiously expensive to live in, so it may not be for everyone. Getting to know the city’s vast public transportation system is a must and it can get pretty cold in the winter, so if you’re looking for beaches, keep reading.
Meanwhile, LA is Tinseltown. The city’s economy is driven by entertainment industries like television, film, video games, music recording, and production, but also by international trade, technology, petroleum, fashion, apparel, finance, telecommunications, and tourism. In the 2017 Global Financial Centres Index, Los Angeles was ranked as having the 19th most competitive financial center in the world, and sixth most competitive in United States. The city is also the largest manufacturing center in the western United States, with the ports of Los Angeles and Long Beach comprising the fifth-busiest port in the world and a vital trade route within the Pacific Rim.
New York City Full-Time MBA Programs
Full-time MBA Programs in New York City include:
- Stern School of Business – New York University
- Gabelli School of Business – Fordham University
- Columbia Business School
- Zicklin School of Business – Baruch College
What stands out about these programs?
A Columbia MBA opens up countless career options and is sure to pay off in the long run: The average starting salaries for Columbia MBAs is $104,000, with 37 percent of full-time MBA of graduates being employed in the financial services industry.
Meanwhile, Stern’s MBA curriculum gives students tons of flexibility, and allows degree seekers to choose one or two MBA specializations, NYU allows up to three specializations from 20 plus options.
Both Gabelli and Zicklin’s full-time programs feature cohort-based structures. Gabelli’s program features a New York immersion experience where, over the course of five days, students are exposed to a number of company visits with corporations like Deutsche Bank, Money.net, and Hewlett Packard. As an alternative to completing a major, Zicklin students may pursue a joint JD/MBA in conjunction with Brooklyn Law School or New York Law School.
Los Angeles Full-Time MBA Programs
Full-time MBA Programs in Los Angeles include:
- Anderson School of Management – UCLA
- Argyros School of Business – Chapman University
- Graziadio School of Business and Management – Pepperdine University
- Marshall School of Business – USC
- Peter F. Drucker and Masatoshi Ito Graduate School of Management – Claremont Graduate University
What’s special about these MBA programs?
Anderson features a Business Creation Option for MBAs, which gives students the chance to start their own businesses while still in school. Meanwhile, the Special Project Option challenges groups to tackle problematic issues that impact an entire industry.
Chapman’s full-time MBA curriculum features three main components—core/required courses, a capstone course, and elective courses. Students have several track options available to concentrate their studies, including: Corporate Finance, Marketing, Investment Management, Entrepreneurship, Information Systems in Digital Times, and more.
Graziadio full-time MBA students have the option to spend a trimester abroad in the fall term of their second year at one of Pepperdine’s partner universities in Africa, Asia, Europe, Latin America, or Oceania.
USC MBAs have required study-away coursework called PRIME International Experiential Learning, a 10-day site visit overseas. Students must complete industry—and company-oriented recommendations in capstone projects that incorporate concepts from global strategy and global economics.
At the Drucker School, students may choose two areas of concentration to focus their studies, and select elective within these areas of concentration. Concentrations are offered in: Strategy, Finance, Marketing, Leadership, Global Management, and Information Technology Management.
Jobs and Salary
When it comes to job placement, both New York and Los Angeles have their perks.
New York is home to business school with the highest job placement rate: Around 97 percent of Columbia Business School graduates receive offers within three months of graduation. The school’s class of 2016 boasted an average starting salary of roughly $125,000 plus a $25,000 signing bonus. The top three industries that employ Columbia graduates are financial Services (37 percent), consulting (35 percent) and technology/media (10 percent).
Check out a complete breakdown of NYC salaries and employment opportunities, give our guide to getting paid in New York a read.
While Silicon Valley has a reputation for being the prime place for MBA jobs in California, LA has been catching up recently—and fast. Los Angeles has embraced the tech boom in a big way, with many Valley bigwigs and new startups alike moving their operations to Silicon Beach. With that in mind, the new era of LA innovation is creating some lofty starting salaries, particularly for MBA graduates.
Recent UCLA Anderson graduates earned an average starting salary of $121,250 with a $25,000 signing bonus, according to statistics released by the school. The top five industries to employ Anderson MBAs are in tech (30.6 percent), financial services (21.6 percent), consumer products (13.4 percent), and consulting services (13.4 percent).
Check out our guide to the highest MBA salaries in Los Angeles for more information.
What Are The Differences Between The World’s Best Online MBA Programs?
Every year, the online MBA becomes an increasingly more attractive option for business school students. With the flexibility to pursue your degree at your own pace and the chance to choose the best MBA program for you without considering location, prospective MBAs can truly make the most of their degree. And though some may be worried about missing out on a traditional classroom experience and the community that comes with it, changing educational technology has made it easier than ever for students to play an important part in their school’s community—without getting out of your pajamas.
The new MetroMBA Online Metro has rounded up some of the best online MBA programs available to students. To help determine which program fits your needs, we take a look at what sets each program apart—and what might just make it the perfect MBA for you.
Fox School of Business — Temple University
The Online MBA Program at Temple University’s Fox School of Business has the distinction of being ranked as the best online MBA in the country, and the best online MBA for veterans, according to U.S. News & World Report. The Online MBA at Fox offers total flexibility for students, with the opportunity to complete the degree within anywhere from 20 months to six years. To help students feel connected with the Fox community, the program offers weekly live web conferencing sessions allowing students to stay connected to faculty and classmates, as well as providing one-and-one career coaching.
The Online MBA at Fox is structured around three required courses that help prepare students for the program, 36 credits that can be completed at the student’s own pace, and a final consulting capstone course that offers total business immersion. The Fox MBA has also been recognized for its benefits for frequent travelers or military members. About 17 percent of students in the most recent class had some form of military experience.
The Fox Online MBA offers a number of areas of study, ranging from HR Management, International Business, Real Estate, Statistical Science, and much more. After completing the program, students on average saw a $30,000-plus salary increase and a median salary of $105,000 three years after graduation.
Hough Graduate School of Business — University of Florida
Although online MBAs tend to be on the rise in recent years, the Hough Graduate School of Business was one of the first business schools to offer a fully accredited online degree—almost twenty years ago. Today, the Financial Times and U.S. News & World Report consistently rank the Hough Online MBA among the top programs in the country.
The Hough Online MBA is the perfect opportunity for students that travel extensively, may move while pursuing their degree, or have a number of weekend commitments. To ensure that students still get face-to-face time with the school’s faculty and classmates, students return to campus once every four months for periodic residencies, allowing them to stay in touch with the community.
The online degree at Hough can be completed in either a two-year or one-year format. Both degrees give students the chance to choose among four areas of focus for their degree: entrepreneurship, finance, marketing, and international. The Hough Online MBA may also be perfect for students looking to immerse themselves in a global business education, as it offers students the chance at a Global Immersion Experience. Students have recently traveled to areas such as Argentina, United Arab Emirates, China, and Ireland.
Kelley School of Business — Indiana University
The Online MBA at the Indiana University Kelley School of Business is made up of 51 credit hours, 39 of which are required courses. The remaining credits can be used towards electives that will help students narrow the focus of their degree in an area such as Business law and ethics, economics, marketing, project management, operations, and more.
Each quarter, Kelley also offers an AGILE course—Accelerating Global Immersion Leadership Education—which frequently partner with top business schools around the globe. Students have recently traveled to such areas as India, Myanmar, South Africa, Botswana and Brazil.
The Kelley Online MBA also stands out because it offers students the chance to earn a dual degree online, pairing their MBA with an online MS in Business Analytics, Global Supply Chain Management, Marketing, Strategic Management, or Entrepreneurship & Innovation.
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Kenan-Flagler Business School — University of North Carolina
The Online MBA at the UNC Kenan-Flagler Business School, better known as the MBA@UNC, may take students anywhere from 18 to 36 months to complete and include nine core courses in foundational business fields, such as economics, introductory finance, business strategy, operations management, and more. Students may also choose from over 30 electives to focus their degree in a particular concentration such as entrepreneurship or management consulting.
The MBA@UNC also requires students to complete two in-person immersions, which may be completed domestically or—for students interested in global business—internationally. Through the Student Teams Achieving Results (STAR) and Doing Business In (DBI) program, students also have the chance to study abroad at an MBA exchange partner school.
The MBA@UNC stands out thanks to its many post-graduate resources thanks to the Career & Leadership team. Replacing traditional on-campus recruiting, a Virtual Company Information Sessions allow executives from a variety of industries throughout the country to communicate with students about the hiring needs of their companies. Alumni can access these resources at any point after their graduation and can also take additional MBA courses as needed for their career development.
Tepper School of Business — Carnegie Mellon University
Carnegie Mellon’s Tepper School of Business offers students a flexible online degree that is completed through a combination of online and on-site experiences throughout a 32 month period. Each week, students will have access to a 70-minute online course that allows them to virtually interact in real time. Throughout the year, they will also be required to attend six “Access Weekends,” held at the university’s various locations throughout the country. The Tepper Online MBA may be the program that provides the most opportunities for in-person contact with classmates and faculty, so students that are interested in more face time as part of their online program may be particularly interested in this degree.
Tepper students are provided with in-depth career coaching and recruitment opportunities. Students will also visit a number of major companies in the country, such as Google, Amazon, JP Morgan, and Microsoft. Within just three months of graduation, roughly 91 percent of students in the Tepper Online MBA program were offered a full-time role.
W.P. Carey School of Business — Arizona State University
The Arizona State University’s Carey School of Business online MBA degree is structured around just one course at a time, each five weeks long. Students are immersed in an inclusive online environment that allows them to interact with classmates through case-based projects.
Carey, in comparison to several other schools noted on this list, is also unique in its option of pursuing a concurrent online degree, such as a Master of Legal Studies, MSE in Electrical Engineering, or MS in Industrial Engineering.
