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…
5 Questions With the UC San Diego Director of Graduate Recruitment & Admissions
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In our latest installment of the MetroMBA “5 Questions” series, we speak with Jay Bryant, Director of Graduate Recruitment & Admissions at the UC San Diego Rady School of Management. Bryant discusses the exceptional entrepreneurship culture at Rady and San Diego at large, plus what students hoping to join the UC San Diego MBA program should expect.
1. If you had to describe how Rady fosters entrepreneurship to someone who never heard of the school, what would you tell them?
“Rady is a school that was founded on the concept of innovation. It is our foundation—our very DNA! Innovation is the mother of entrepreneurship as I see it. All of our students come in with the passion of bringing new value to the world while the faculty, staff, and administration all foster an environment where the entrepreneurial spirit of our students can grow and practice their entrepreneurial interests in the safe and supportive environment of our school. As I see it, the top five ways in which the Rady School provides a perfect match for those wanting to pursue an entrepreneurially focused education are:
- Every class in our curriculum is designed for a student body driven by innovation and entrepreneurship.
- All of our students come into our program with a desire to be entrepreneurs or managers in the innovation economy. Therefore, students are always surrounded by collaborative and like-minded individuals that create the unique Ready School environment.
- The Lab to Market program—a three-course, capstone experience—gives students the opportunity to take an idea in any industry all the way from the mind of the student to ready to launch. Many of our students do actually launch their projects after graduation.
- The Rady School’s California Institute for Innovation and Development (CIID) allows for students to take part in a number of its initiatives designed to accelerate and promote innovation.
- The local San Diego community knows of the Rady School’s connection to innovation and entrepreneurship and therefore regularly works closely with us on capstone projects, internships, and career opportunities.”
2. Is there any particular kind of company or idea that tends to flourish in the program?
“Our students are trained to be part of the innovation driven economy, therefore, the companies that work most closely with us are those that have to reinvent themselves every year to stay relevant. The two largest sectors hiring our students are technology and bio-technology. In both of these sectors they seek managers who are excited to take on the new initiatives and new markets.”
The three-year Rady Lab to Market program “gives students the opportunity to take an idea in any industry all the way from the mind of the student to ready to launch,” according to Bryant.
3. Is there something about San Diego specifically that tends to bring out the best in entrepreneurs?
“San Diego is consistently ranked among the best cities for startup companies. It is part of the spirit of California in general. Ever since the gold rush, California has been a state focused on the future and the new frontiers. Everywhere you look you find innovations that are coming from California—we literally create the future here in California. Innovation is not just an interest of the Rady School, rather it is in the spirit of the entirety of UC San Diego.”
4. What should hopeful students know about the program that they may not necessarily know until they start?
“I think what surprises students the most is entering into a community where everyone greatly values innovation. Through the admissions process we are searching for the individuals who will really fit the personality and passion of what we do. It is not until the first day of orientation do these selected individuals all wind up in the same place at the same time. Being surrounded by like-minded individuals only makes this passion grow over the course of their study.”
5. Is there any kind of student you want to see more of in the program?
“We believe that innovation comes from every industry. We are an appropriate program for individuals wanting to work at large organizations like Google or Tesla, but we are also appropriate for those wanting to start smaller ventures of their own. We want a well-rounded cohort of students that brings in the best from every industry, level of government, developmental or non-profit organizations, and any other entities where innovation drives their future success.”
To learn more about the UC San Diego Rady School of Management and the UC San Diego MBA, visit the school website.
Stanford GSB Employment Report Reveals Record Salaries & Employers
For the fourth year in a row, Stanford GSB MBA graduates earned record high salaries with the mean base salary reaching $145,559. According to the 2018 Employment Report, this broke last year’s record compensation. On top of that, this year Stanford GSB grads also received jobs from a record 421 organizations for both summer internships and full-time positions. This demonstrated the broad appeal and diversity of Stanford MBAs.
Tech and Private Equity Interest Jump
Other highlights from this year’s employment report included an increase in interest in the technology industry. In fact, in 2018 it was the most popular industry, garnering 33 percent of alumni—an 8 percent jump from last year. Other top industries included finance, which garnered 31 percent of graduates with private equity being the most sought after area with 13 percent of graduates.
Since three years ago, the percentage of women going into private equity and venture capital has doubled. As for tech, this year a record 40 percent of women chose to work in the tech industry. This shift has many explanations, not the least of which is the coursework taught at Stanford. For Ashley Brasier (MBA ’18), all it took was the class “Entrepreneurship & Venture Capital from the Perspective of Women” to change her course from consumer tech to VC.
“This class showed me that there are several different paths into VC, and empowered me to pursue VC opportunities,” Brasier says.
This year, the number of non-U.S. work-authorized students who accepted jobs in the U.S. stayed flat at 74 percent. More likely than not, this is a result of global trends that are causing extra challenges for students seeking to move locations. This was also reflected in the $12,000 median salary gap between U.S. work-authorized and non-U.S. work-authorized graduates. However, “when controlled for industry and job location, for example in emerging markets, the salary gap diminishes and in some cases disappears,” says Yossi Feinberg, the Senior Associate Dean for Academic Affairs.
Higher Salaries and Steady Job Offers
This year, MBA graduates received the highest salaries ever. The median and average base compensation ranged from $142,000 to $145,559 respectively—$2,000 and $1,000 over last year’s record. Signing bonuses also increased this year by $1,600 to a record $31,146, with an unchanged median at $25,000.
Salaries also increased when it came to cash performance bonuses. This year, 72 percent of the class said they expected a bonus over last year’s 66 percent with average expected bonuses of $64,527. As for stock compensation, 39 percent of the class—nearly two out of every five students—reported stock compensation of some kind.
“This year, 72 percent of the class said they expected a bonus over last year’s 66 percent with average expected bonuses of $64,527.”
And when it came to job offers, numbers remained unchanged. For the Class of 2018, 88 percent of the class accepted offers 90 days after graduates with 95 percent receiving offers. As for where students received these offers, a record 421 organizations hired Stanford graduates this year.
“Our leading employers span a wide variety of industries—consulting, finance, technology, consumer products, healthcare, and nonprofits—but what they have in common are work environments that offer the ability to make an impact, optimize on career development, and provide diverse challenges and responsibilities,” says Carly Janson, the Action Assistant Dean and Director of the Career Management Center.
“In turn, our graduates chose opportunities they felt passionate about, and opportunities to make the world a better place.”
This article has been edited and republished with permissions from its original source, Clear Admit.
Drexel LeBow MBA Admissions Answers 5 Questions
In our latest installment of the MetroMBA “5 Questions” series, we speak with Kate Sonstein, Associate Director of Graduate Recruitment & Admissions at the Drexel University Lebow College of Business. Sonstein discusses the importance of experiential learning and the quality of the students, staff, and faculty at LeBow.
1. What advice would you give an MBA candidate interested in Drexel LeBow?
“There are so many great things to think about when coming back to get your MBA, and sometimes it can be overwhelming. My best advice includes two simple things: be yourself and put your best foot forward on your application.
It’s important that you’re true to your personality and qualities in the admissions process because you are looking for an MBA that is the best fit for you, not your friend or colleague. You are on a search to find a home for the next 1.5-2 years of your life, and it is important that the MBA you select meets your individual needs at an academic, personal, and professional level. Otherwise, you could end up with a program that does not provide the type of interaction that is the best fit for you.
You also need to gain an understanding of the program and school where you are applying and demonstrate that in your essay and communications. Don’t just Google a few classes and stick them in your essay—believe me, we can tell. Big tip: spell check everything! And make sure your recommenders know why you are applying so they can write you an impactful letter. The best applications are those that are unique and showcase your strongest qualities, but also those that are genuine.”
2. What is Drexel LeBow’s greatest asset and what do you wish MBA students knew more about?
“Drexel LeBow is a community of ambitious, hard-working people who are striving to be the brightest and the best in their field. At Drexel LeBow, we are your greatest asset—our faculty, both with high impact research and industry collaboration; our staff, including our experienced career services team and involved college leadership; our advisors, guiding you through your experience every step of the way; and our students, go-getters always striving to be the best in every aspect of their experience.
I think our MBAs are still learning more about our newest feature in the curriculum: graduate minors. Graduate minors at Drexel are an opportunity to build an additional functional area of study at the graduate level through courses offered in other subject areas. Minors are offered across the university in over 50 different disciplines including data science, health administration, project management, and business analytics management. Minors can be built into the Drexel LeBow MBA plan of study without any additional courses—students simply put their 18 free elective credits towards their minor.”
3. What opportunities, outside of the classroom, does LeBow offer MBA students to get hands-on experience?
“Hands-on experience is crucial to the graduate experience, particularly in an MBA program. At LeBow, both our full-time and part-time students have the opportunity to participate in experiential learning opportunities, regardless of what other commitments they manage outside the classroom.
Consulting courses and projects are a key aspect of experiential learning at LeBow. Our students work with many industry partners through our Business Solutions Institute to solve complex business problems, working with decision makers and company leadership alike. Students can opt to work with a for-profit or not-for-profit company in a consulting course, or work on a consulting project through the Institute.
LeBow also offers the opportunity for residency-based courses, both domestically at one of our two Pennsylvania campuses or internationally. Domestic residencies are offered based on topical learning, such as Six Sigma or Negotiations for Leaders, or as a consulting course option. Our international residency course includes 10 weeks of study about a specific foreign market, and then concludes with a trip to that country (or countries) in the last week of term.”
4. How does LeBow support its MBA students for post-graduation?
“Throughout the MBA experience, our Graduate Career Services Team works closely with all our MBAs, regardless of their specific career goals. Opportunities including workshops, one-on-one coaching, and industry engagement events are integral to the MBA experience.
As an alumnus, we also strongly encourage involvement and engagement with the College and our current students. In addition to our University and College level alumni groups, we have the Drexel LeBow Graduate Alumni Association for our MS and MBA alumni that is quite active. The group hosts a number of events each year, including our signature night of Alumni Networking each April.
Alumni also have lifetime access to our Graduate Career Services Team. The team consists of a variety of professionals with different backgrounds and expertise who are available as they transition to multiple roles throughout their career, or simply for professional development advice and feedback. We encourage our alumni to be as involved as possible—it’s all about who you know!”
5. What’s your favorite online blog that you would recommend for students?
Overlooking the Schuylkill River, between West and Center City Philadelphia.
“I’m not originally from Philadelphia, so some of my favorite blogs are about Philly and all the amazing things it has to offer. My [number one] choice is always Uwishunu.com (if you say it out loud it sounds like “You wish you knew”) and it always delivers. They do weekly and monthly city happenings and highlight some of the best events and food spots in the city.
Our main campus is also located in the University City area of Philadelphia, and they have a great blog that I love to use to keep up with our neighborhood. Philly is a city filled with culture, history, art, and some of the best food you will eat so there is always something to explore!”
New MBA Jobs at the World’s Top Mass Media & Telecom Firms
The world is more connected that ever before. What’s possibly even crazier is how many of the channels, services, and providers of these communication streams are all run by a handful of powerful companies. This week, we’re taking a look at some exciting new MBA jobs in the world’s largest mass media and telecom firms. If you’re looking to help companies innovate in order to help people connect and communicate with one another, these new MBA jobs are for you.
Real Humans of the York University Schulich School of Business
A half century after the opening of the York University Faculty of Administrative Studies (FAS), the York Schulich School of Business in Toronto continues to shape the Canadian MBA landscape.
The business school, which was officially renamed in 1995 after a receiving sizable donation from esteemed Montreal philanthropist and entrepreneur Seymour Schulich, has earned a substantial track record of firsts in Canada, including: the country’s first MBA Arts & Media Administration specialization; MBA/LLB; Nonprofit Management and Leadership Program; International MBA; Financial Services Program; Financial Engineering specialization; and the first multi-national EMBA program with the Northwestern University Kellogg School of Management.
Of course, the history of a school may paint an overall setting, but it hardly tells the story of a current, individual student in the program. York Schulich MBAs stand out among many of Toronto’s stellar business schools, typically enrolling with a GMAT score of 660 and five years of professional work experience. As well, the York Schulich international community is well-represented, at 32 percent of the overall MBA class.
According to recent employment statistics provided by the school, Schulich MBAs typically earn about $91,500 CAD per year after earning their degree. In addition, about 89 percent of graduates earn employment just three months after graduating. Most grads earn roles in finance (23 percent), with marketing/sales (20 percent) and operations (18 percent) following closely.
To get a better feel for what life is really like for current York Schulich MBAs, we talked to a handful of students, including the manager of a long-standing luxury jewelry store, a theater major and performer, and a commercial lawyer looking for a brand new career challenge. Read on to see their stories and what the future may hold for life after an MBA.
