Top MBA Recruiters: Bowery Capital
Founded in 2013, NYC-based Bowery Capital is an early-stage venture capital investor that primarily backs SaaS (software-as-a-service) B2B (business-to-business) startups that develop innovative software that allows companies to optimize the role of a continually changing technological landscape.
Bowery Capital is a relatively small firm with less than 50 employees and it has three groups of four individuals at the center of its operations. These groups are the Core Team, the Venture Partners, and the Revenue Council.
Bowery Capital doesn’t just invest in companies—it also provides them the right tools to succeed. It helps these companies build a customer base, provides them with a “robust software infrastructure” to enable growth, and offers crucial support in finding the right talent. This support coupled with the expertise of a combined 50 years of collective experience is what makes Bowery Capital stand out to young companies on the hunt for potential investors.
Landing a Bowery Capital Career
Considering the kinds of startups in which Bowery Capital specializes, any experience that a job applicant might have in software, digital marketing, digital media, online advertising, product management, or social media would give said applicant an edge in the hiring process. Another valuable asset is a keen sense for possible areas of growth within the tech industry.
It should be noted that at the time this article was written, there are no job openings at Bowery Capital. While the company does offer internships for MBA and undergraduate students, there appear to be no openings for those positions.
Working at Bowery Capital
Since the firm is relatively young and small, it is difficult to say much about Bowery Capital’s workplace culture. Its website lists a 12-member team and Glassdoor reviews from former employees suggest that Bowery Capital has a regular stream of interns working there on a part-time, short-term basis.
According to Paysa, Bowery Capital employees make an average annual salary of $146,819, with $97,852 marking the 25th percentile and $179,767 at the 75th percentile. However, this data does not indicate the average salaries by position, so it is unclear how much an employee who recently graduated with an MBA would make.
Life at Bowery Capital
Bowery Capital has not published any employee demographics or statements about their workplace culture, but all reviews from former employees on Glassdoor are overwhelmingly positive. In particular, they are nearly unanimous in their praise for a positive atmosphere and the expertise of their supervisors. The only con was from a former summer intern who mentioned that they had not been paid for their work at the firm.
Paysa also offers some helpful statistics on workplace demographics. Fifty-six percent of Bowery Capital’s employees are white, while the rest declined to offer this information. About 89 percent are male with the remaining 11 percent declining to disclose their gender. However, of the 12 team members listed on the company’s website, 5 are women. Additionally, the Paysa information is based on fewer than 20 users, so both of these data sets are in all likelihood only a small portion of Bowery Capital’s workforce.
Bowery Capital only has one office in New York City, but they invest in companies all over the country, especially on the West Coast, which as you may have heard has a thriving community of technological innovators.
While half of the Bowery Capital team is based in New York City, four are based in San Francisco and two are based in Boston. With this in mind, it seems likely that a Bowery Capital career would likely be based in New York City with potential opportunities for travel.
New Bay Area Tech Jobs Emerge for MBAs
As every aspect of our lives increasingly becomes tangled in the tech’s tendrils, we have seen many opportunities for professionals from a wide swath of backgrounds accompany the rapacious growth of the industry.
MBAs, long ago personas non-grata in Silicon Valley, are now in high demand at iconic brands like Apple (CEO Tim Cook is a Duke Fuqua alum), Facebook (COO Sheryl Sandberg graduated with a Harvard MBA in 1995), and Microsoft (CEO Satya Nadella is a Chicago Booth alum).
This week’s new openings are largely found in California, with a litany of Bay Area Tech jobs ideal for MBA graduates who want to work in an environment where they can “move fast and break things,” to quote Mark Zuckerberg.
New Chicago Jobs for MBA Graduates
The Windy City is a major financial hub, serving as the home to several major corporations and multiple exchanges. However, Chicago can feel like an afterthought in the realm of finance, with New York and San Francisco taking up so much space in the current conversation.
In an effort to draw some attention to the many opportunities the Second City has to offer, this week’s jobs are all located in Chicago.
News Roundup: New Boston University Online MBA, and More
Let’s take a look at some of the biggest stories from this week, including the new Boston University Online MBA at the Questrom School of Business.
Questrom to Offer Online MBA With edX in 2020 – BU Today
Boston University’s Questrom School of Business will partner with online education platform edX to establish an Online MBA, set to begin in 2020.
On news of the announcement, Boston University President Robert A. Brown says, “With the online MBA, we’re seizing the initiative to offer a major degree for which we believe there is global demand. Higher education must evolve in a fast-changing world. We aim to lead in this evolution.”
Applications officially open on August 16, 2019 and tuition will be $24,000 per year. edX was designed from researchers at Harvard University and MIT in 2012. Since its launch, it has gained more than 21 million users from every country across the world. Chrysanthos Dellarocas, Associate Provost for Digital Learning & Innovation, says, “Through this degree, BU opens itself to the world in a manner we haven’t done before.”
edX started offering Master’s programs last fall, including a master’s in analytics from the Georgia Institute of Technology and a master’s in computer science fro the University of Texas at Austin.
You can read here for more on the online MBA and on edX.
Should Investing be Left to Machines? – UC Davis Graduate School of Management News
Professor and economist Brad Barber of UC Davis Graduate School of Management recently weighed in on the question of the effect of human error in investments. Comprehending biases, he suggests, is the key to improving decisions.
Behavioral biases cost investors 4 percent per year, according to Barber. In a recent article in financial news publication Raconteur, Barber’s research was cited as was that of his colleagues. On the topic of bias and error in investing,
Barber’s colleague Craig Burgess says:
“We are pattern-seeking primates, which is useful for hunting prey, but terrible for complex tasks such as investing. So, we are now regularly prone to hundreds of biases, too deeply ingrained to overcome without removing the human from the process.”
‘Passive investments,’ or those completed via carefully designed software processes, are cheaper than investments performed by a fund manager, and absent of the inherent biases of humans. Many managers, however, argue that skilled ‘active investors’ can beat the effect of bias and error to greater effect than machine learning. For more on Barber’s research, read his profile. For the full Raconteur article, read here.
Save the Date for INTERSECT@CMU: Health Care Innovation – Tepper School of Business Events & Conferences
This year’s INTERSECT@CMU Health Care Innovation Conference will take place on September 13, 2019 at the Tepper School of Business. Registration opens in August.
Among the topics covered by this year’s speakers and panelists will be delivery methods, policy, and emerging technology. Last year’s INTERSECT conference was part of a two-day celebration to commemorate the opening of Tepper Quad. It was also the conference’s inaugural year.
From INTERSECT@CMU 2018 / Photo via cmu.edu/tepper
Opening remarks last year were offered by CMU President Farnam Jahanian and Tepper School Dean Bob Dammon. Jerome Presenti, VP of AI at Facebook, Inc. delivered a keynote speech. Panels covered the growth of smart machines in everyday life, along with the potential of blockchain to revolutionize economies.
To stay posted on this year’s speakers and panelists, visit the INTERSECT@CMU 2019 site.
Million-Dollar Gift for Veterans – USC Marshall News
The USC Marshall School of Business recently announced a $1 million gift from Andrew Tavakoli, MSBA ’86, which will lend support to the Master of Business for Veterans (MBV) program.
The gift will establish the Andrew Tavakoli Family Endowment for MBV Students, which will enable veterans who show exemplary leadership skills and academic performance to advance at USC Marshall. The MBV is a one year graduate program for veterans, active duty, and reserve personnel. It was created to allow vets and those currently serving to apply their military leadership and strategic skills in business settings.
“My hope is that no qualified veteran or active duty personnel would ever be prevented from joining the USC MBV program for lack of financial resources,” Tavakoli says of the gift. He is a member of Marshall’s Board of Leaders and the Los Angeles World Affairs Council. Along with a MSBA from Marshall, Tavakoli holds a BSEE degree in computer science from the University of Pittsburgh and an MBA from California State University Long Beach.
MBV Program Director James Bogle says:
“I truly appreciate Mr. Tavakoli’s support for our veteran students in the MBV program. In our conversations, it quickly became clear that Andrew recognizes the unique potential that former military leaders bring to the business community. “
Read here for more on the MBV and on Andrew Tavakoli.
5 Tips for Making a Meaningful Connection with Employers – Fox School of Business News
Janis Moore Campbell, Director of Graduate Professional Development for the Temple University Fox School of Business‘ Center for Student Professional Development (CSPD) recently offered some helpful hints on how to rise to the top of the applicant pool during your job search.
According to Campbell, the “experience of you that you promise” to an employer is just as vital as your GMAT scores or strong academic record when designing your resume. Most employers want to know what it’s like to work with you, just as much as how well you will perform on any given project.
Work compatability is an under-discussed but important factor when it comes to employment, according to Fox’s Janis Moore Campbell.
Campbell outlines the following guidelines in honing in on your brand.
- Take a realistic look at your presence on the Internet.
- What have others said or posted about you? How well do you come across in light of your future bosses?
- Use facts, not opinions.
- Recommend, as opposed to asking to be recommended – Strengthen your network by reminding others of your presence. One sure way to get others to remember you is by mentioning their accomplishments.
- Strategically volunteer in a capacity that is similar to your career goals.
- Participate in trade associations
- Attend events and publish articles in your areas of interest and expertise.
- Join a network through trade associations
For more on the CSPD and for links to their social media sites, click here.
Top MBA Recruiters: Oracle
In 2019, landing a job in tech during or after your MBA studies is a wise move. As covered in a previous ClearAdmit article, a specialization in the field can lead to a broad and ever increasing range of career opportunities.
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.
