Top MBA Recruiters: MassMutual
Headquartered in Springfield, the Massachusetts Mutual Life Insurance Company was founded in 1851. MassMutual initially sold policies in New England, then joined the economic movement surrounding western expansion and the gold rush by selling high-cost policies to railway, steamship, gold digging workers, and migrants to the American South. By 1855, MassMutual had locations throughout the country including New York City, Cleveland, Chicago, and Detroit. By 1868, MassMutual’s San Francisco office was established.
Continue reading…Top 5 Paying MBA Careers: Insurance
Insurance is a fast-growing career field. In the next 12 months, 63 percent of insurance companies plan to increase their staff numbers, according to a recent industry trend report.
In fact, by 2020, almost 400,000 insurance jobs are projected to be available. When combining that with the fact that millennials aren’t very interested in working in insurance—only a third demonstrate any interest—it’s a great career field to consider.
There’s a wide range of jobs, across a broad spectrum of career paths, within the insurance industry, and compensation is higher than average. Entry-level professionals can expect to earn more than $50,000 a year, and that number only increases as you gain experience.
In this article, we’re breaking down the highest paid insurance jobs, the companies where you’ll earn the most money, the top MBA programs, and where you should live. Continue reading…
The 5 Best Northeast Part-Time MBA Programs
As applications to full-time MBA programs have waxed and waned in recent years, there is understandably quite a bit of speculation about the future of the degree. While full-time applicants might be dipping in the U.S., the explosion of part-time programs making the business school experience more accessible to a whole new swath of people.
We’ve already taken a look at the best part-time offerings in the Midwest and DC metro, but which programs come out on top when it comes to the Northeastern U.S.?
The 5 Best Northeast Part-Time MBA Programs
The NYU Stern School of Business’s Langone part-time MBA rates as the fourth best part-time MBA program by U.S. News and World Report.
The program features an accelerated option allowing students to opt for a flexible class schedule, as well as evening and weekend courses to complete their MBA in two years without interrupting their work schedule. Current Langone students, faculty, and alumni have access to the Langone Speaker Series, which “… provides a unique platform to deepen conversations about timely events with the decision-makers that are helping shape today’s industries.”
Students can also expect the Langone LAB, a concentrated one-day orientation program that connects incoming participants with classmates, professors, clubs and other opportunities.
The current tuition rate for the NYU Stern part-time MBA is $2,228 per credit. Over the course of the required 60 credits, this total comes to $133,680; which does not include the cost of living on campus for those opting to live near the university.
The University of Massachusetts Amherst Isenberg School of Management, one of the more underrated business schools in the crowded academic metro, offers a customizable part-time MBA to fit the student’s preferred focus, available in one of six areas: business analytics; entrepreneurship; finance; healthcare administration; marketing; and sports management.
Classes can be taken either completely online (Isenberg’s online MBA was first in the country, founded in 2001) or in-person at the Amherst campus. To help expedite the education process, part-time MBA applicants can even choose to take up to two courses during the application process. In addition, the UMass Amherst part-time MBA tuition is among the most affordable in the entire Northeast, at a total cost of just $35,100 ($900 per credit). For the 17th highest ranked part-time MBA program in the entire U.S., the cost saving is hard to ignore.
The Boston College Carroll School of Management’s part-time MBA program, ranked 28th overall by U.S. News & World Report, operates much like the aforementioned Amherst part-time program, with the option to take classes both in person or online. However, the entire program cannot be completed remote, with a maximum of 30 percent of classes available online.
A staggering number of electives are available in the program: over 150 overall. Students can complete the program on a fairly flexible schedule, with the option to complete it in two, three, or four years. In addition, the BC Carroll part-time program is one of the only ones on the list that does not require GMAT/GRE scores for entry.
The part-time FLEX MBA program at Lehigh University’s College of Business and Economics is geared toward working professionals who want more control over the pace of their MBA learning experience. Program formats include part-time, accelerated, and online. The ClassroomLIVE feature offers students the option to attend classes in-person, on campus, or in real-time online.
Students can also opt to get their feet wet with an Executive Certificate as part of the part-time MBA track. Tuition for Lehigh’s Flex MBA program $38,700 for the full 36-credit program, with the current cost per credit hour at $1,075.
Villanova School of Business, the 35th ranked part-time program in the country, offers part-time MBA students two distinct format options: The accelerated “Fast Track” program, and the “Flex Track” program, which offers evening, weekend, half-semester, and online course choices so students can work at their own pace.
Tuition and the length of time to complete Villanova’s various part-time programs varies. The Fast Track program costs $1,190 per credit and takes 24 months to complete, while the Flex Track costs $1,065 per credit and typically takes three years to complete. However, the Flex Track can last as long as seven years.
Fighting Fake News, Working Mothers, and More – Boston News
Let’s explore some of the most interesting stories that have emerged from Boston business schools this week.
Lazy Thinking, Not Political Bias, Drives Fake News – MIT Sloan Newsroom
MIT Sloan Associate Professor David Rand and the University of Regina’s Gordon Pennycook recently published a new study that illuminates what actually perpetuates fake news—a “lack of analytical thinking.”
Professor Rand writes, “Our study suggests that falling for fake news is a symptom of cognitive laziness rather than motivated reasoning or self-deception. That is, contrary to popular belief, it is not the case that people are thinking too much about the wrong things. Rather, a little thinking might go a long way to fix the problem of fake news.”
In a study that surveyed “3,446 participants to rate the accuracy of headlines from actual news stories from Facebook,” the duo found that “people who engage in more analytic thinking, as measured by the Cognitive Reflection Test, are better at discerning true from false—regardless of identified motivations or political biases.”
You can read more about the research here.
What’s Your Carbon Footprint? You Probably Have No Idea. – D’Amore-McKim Blog
In a recently published study, D’Amore-McKim Professor Amir Grinstein surveyed 1,000 people to “guess the amount of CO2 emitted from burning one gallon of gasoline and the amount of calories in one gallon of whole milk.”
The goal was to “examine people’s knowledge of their own carbon footprint and how they can better educate themselves about the real impact they have on the environment.”
Grinstein believes that in order to change the public’s understanding of its own carbon footprints, they must have a “better understanding of how CO2 emissions play a role in everyday life allows people to decide if they’re willing to step up and change.”
Check out the full article here.
Kids of Working Moms Grow Into Happy Adults – Working Knowledge
New research from Harvard Business School Professor Kathleen McGinn found that, despite the narrative, working mothers often lead to happier and more successful children.
McGinn, the Cahners-Rabb Professor of Business Administration, says, “People still have this belief that when moms are employed, it’s somehow detrimental to their children. So our finding that maternal employment doesn’t affect kids’ happiness in adulthood is really important.”
The preliminary results of McGinn’s work were originally published three years ago, specifically regarding the career success of daughters of working mothers, in contrast to stay-at-home mothers.. When the story reached The New York Times, however, there was some obvious blow-back. McGinn recalls:
“Many decried the research as another installment of the ‘mommy wars.’ But the most common response was from mothers who suffered guilt, self-doubt, and disapproval from others. They found our preliminary results to be welcome news.”
However, McGinn’s research, which was conducted alongside Mayra Ruiz Castro of Kingston University in the UK, and Elizabeth Long Lingo of Worcester Polytechnic Institute, found that the careers of sons of working mothers were not generally effected. Rather, their attitudes were different in contrast to stay-at-home-mothers.
“Sons are influenced in other ways when their moms work. The sons of employed mothers hold significantly more egalitarian gender attitudes—even more so than the daughters of stay-at-home moms, a finding that surprised McGinn because it shows that the influence of maternal employment may even outweigh well-documented sex differences when it comes to shaping people’s mindsets about appropriate roles for men and women.”
You can read more of the ground-breaking research here.
Searching for the Perfect 1-Year MBA in Boston
Not everyone has two years to dedicate toward earning an MBA. For some, maybe a year is just a better option. Luckily, Boston has more than enough options for those who would rather trek down the one-year path.
Currently, Boston is the 20th most populous city in the U.S., with its historical roots grounded in advanced academia. It has proven to be a perfect home for students, with a population that skews young. Almost one out of every three residents is between the ages of 20 and 34.
The largest employers might be hospitals like Brigham & Women’s Hospital or Massachusetts General Hospital, but the coastal city’s true jewels are its universities like Harvard and MIT. While most schools in the area offer MBA programs, not all offer options that’ll allow students to graduate with an MBA within one year. Below, we outlined some of the best Boston 1 Year MBA program opportunities.
F.W. Olin Graduate School of Business — Babson College
The F.W. Olin Graduate School of Business isn’t too old; it’s been around since 1947. Students can take its one-year MBA program on its main campus in Wellesley, Massachusetts. It’s about 14 miles away from Boston, so students will still be just a short drive away.
The program takes 12 months, but students can build close bonds with each other in this short period of time. This program’s participants operate as a cohort, but they also get the chance to mingle with some students in the school’s two-year and evening MBA programs. All MBA candidates have the opportunity to participate in Signature Learning Experiences, a hands-on approach to education that prepares students for real-world situations.
Sawyer Business School — Suffolk University
The Sawyer Business School isn’t as old as the university, but that hasn’t stopped it from getting recognized. The school began to offer an MBA in 1948 and never quite began to offer a formal one-year MBA program, but it does offer accelerated ones.
Sawyer has a couple accelerated MBA programs: one for attorneys and for certified public accountants. The way it works is that students enter the program with credits already under their wing. The catch is that students complete a certain number of credits in the business school—but these could have been before chasing an MBA. It all really depends. That’s 37 credits for attorneys; 34 for CPAs.
MBA candidates with an interest in law can also learn a concentration while at the school. Courses include an immersive, travel seminar. As for CPA candidates, their curriculum is nearly identical to the attorney pathway. The only difference is one class required for the attorney curriculum and not the CPA: Corporate Financial Reporting and Control.
Sloan School of Management — MIT
MIT may mostly be known for tech industry and Good Will Hunting scenes, but its Sloan School of Management is frequently ranked as one of the best in the world by esteemed publications like The Economist. While Sloan doesn’t exactly offer a one-year MBA, its MIT Sloan Fellows Program only takes one year—and fellows walk away with an MBA.
The school calls the program a “change-the-world toolkit.” Mid-career managers from around the world are invited to apply for the fellowship. Once accepted, fellows arrive in April and begin their journey together. They take summer courses, fall courses, and some during the spring too. There’s an optional independent activities period where fellows can take part in a four-week term made up of how-to sessions, forums, or tours for 12 credits max.
BostInno Alumni Impact Awards Recognize Babson Alumni
Two graduates of the F.W. Olin Graduate School of Business – Babson College were honored as BostInno Alumni Impact Award winners at the inaugural Boston UpFront event held at the Revere Hotel in downtown Boston. Sarah Hodges’ M’10 and Jon Feinman’s M’10 companies were among six total startups recognized as being exceptionally influential in Boston.
This is the first year of the BostInno awards as well, which recognize young leaders who, since graduating from Boston-area colleges, have made a positive impact in Massachusetts and are shaping what’s to come in the future of innovation. Continue reading…
