Best MBA Internship Opportunities in the Northeast
There’s no doubt that summer internships play a critical role in an MBA student’s education and career. Not only do internships provide students with the opportunity to gain hands-on experience in the workforce, but they’re also known for helping students develop professional connections and earn top-tier salaries.
But not all internships are made equal, especially for talented business school prospects. For example, working at Apple would likely have a very different effect on an MBA’s resume than working for a small, unknown startup company down the street. And if you’re looking at the top cities across the U.S. where companies actively recruit talent, you can’t go wrong with Boston, New York City, or Philadelphia for your location. But which is the best?
In this article, we highlight the top internship destinations in each city along with the top two schools in each area that will get you where you want. Continue reading…
Paid Maternity Leave Increasing, and More – New York News
Pack up the pool gear and beach towels: let’s explore some of the most interesting stories that have emerged from New York business schools this week.
Father’s Day Data: Columbia Business School Research Demonstrates Popularity of Paid Paternity Leave – Columbia Business Blog
How has the culture of paid maternity leave been changing recently? New research from the Columbia Business School explores the topic, which has increased for 12 percent of private-sector workers in the U.S. There is still no current federal law requiring the implementation of paid maternity leave, leaving the U.S. with the precarious title as the only “industrialized” country in the world without a federally-mandated law. Individual states, however, can implement the policy, which has been increasing since the early 2000s.
Earlier this year, New York became the fourth state in the U.S. to create policy regarding paid maternity leave, alongside New Jersey, Rhode Island, and California, which implemented the law back in 2004. According to the article, “California’s paid family leave produced a 46-percent increase in fathers taking time off to bond with newborn and newly-adopted children.”
CBS professor Ann Bartel writes, “This study should help inform the conversation around paid leave, because research shows it is fundamentally a family issue – appealing to both mothers and fathers. At its core, paid family leave is a ‘dad’ issue as much as it is a ‘mom’ issue. As Father’s Day approaches, our research demonstrates that fathers will greatly utilize paid family leave if it is offered, and their employers are supportive of them taking that important time away from the job.”
You can read more about “Paid Family Leave, Fathers’ Leave‐Taking, and Leave‐Sharing in Dual‐Earner Households,” which was published in the Journal of Policy Analysis and Management, here.
How Social Media’s Powerful ‘Silent Majority’ Moves Bitcoin Prices – Stevens Institute of Technology Blog
Stevens Institute of Technology School of Business professor Feng Mai recently led an investigation to understand how social media public sentiment can significantly manipulate the value of bitcoin.
Professor Mai’s research, which was published in the Journal of Management Information Systems, encompassed scholars from Ivey, Dickinson, and the University of Cincinnati, all of whom “collected and analyzed two years’ worth of forum posts on the world’s most popular public bitcoin forum, Bitcointalk.”
The team found that “periods of increasingly positive social media commentary do in fact influence the rising price of Bitcoin significantly.” Mai writes, “We wanted to know who is affecting the price: a vocal minority, who may be biased, or the quieter majority, who do not seem to have a reason to be untruthful, or both.”
According to the article, “the “silent majority” — infrequent Twitter and Bitcointalk users who took the time to comment on the cryptocurrency’s prospects — moved prices more, as much as ten times more, when they posted positive comments.”
Mai writes, “This was a big finding, and it does seem to prove that people are trusting the silent majority much more, perhaps because they do not seem to have an agenda.”
Check out the full Stevens’ article here.
Johnson Women MBAs Boast Record-Breaking Attendance at Forté Conference – Johnson School of Management Business Feed
As we recently highlighted, Cornell’s S.C. Johnson School of Management reported that 49 Cornell students attended this year’s FortéMBA Women’s Leadership Conference in Atlanta, Georgia—29 from the two-year MBA program, seven from the one-year program, and 13 from the Johnson Cornell Tech MBA program.
The Forté Conference brings “together admitted, enrolling, and current women MBAs from Forté sponsor business schools to explore career paths, meet recruiters and mentors, and hear from today’s most influential businesswomen.”
This year’s conference featured keynote speaker Joanna Lipman, veteran journalist, chief content officer of Gannet, editor-in-chief of USA Today, and author of That’s What She Said, who spoke on “gender bias in the workplace and provided tips for how women can leverage their value.”
In addition to a Power Pitch session and a number of workshopsand panels on “on communications strategies, interviewing, design thinking, sustainable and socially responsible careers, LinkedIn, and the future of feminism, among others,” the conference also included talks from Accenture North American CEO Julie Sweet and State Street EVP and Deputy Global Chief Investment Officer Lori Heinel.
Anne Latham, Two-Year MBA ’20, writes of her experience:
“The Forte Leadership Conference was an incredible few days. I walked away feeling fortunate to have met so many of my incredible female classmates! The Dialogue with Leadership session, moderated by Dean Erika James, featuring Lori Heinel and Julie Sweet, was a particular favorite of mine, due to their incredibly engaging and thought provoking remarks. I hope we all continue to live by Julie’s advice: ‘If your dreams don’t scare you, they’re not big enough!’”
You can read the full article from Cornell here.
Forté Announces New MBAExplore Program for Pre-MBA Women
Deciding whether or not you want to go to business school to earn your MBA is not usually a spur-of-the-moment decision. There are a lot of questions you need to answer first. Is an MBA the right degree for you? How will it impact your career? Does it make sense financially? To help women who may be considering these and other questions, the Forté Foundation recently launched its new MBAExplore program. The deadline to apply is July 8th.
This half-day program gives women the opportunity to learn more about what an MBA is and isn’t. It takes women on an intimate exploration of the myths and questions surrounding business school to help them map their journey to the MBA. Women who have already traveled the MBA path teach the program, sharing their first-hand experience with participants.
Inside MBAExplore
The MBAExplore program provides valuable information around each of the following topics:
- Taking and passing the GMAT
- Financing and affording the MBA
- Understanding the classroom case study
- Figuring out if the MBA is right for you
Throughout the half-day, participants will have a chance to learn about the daily life of an MBA student. There will also be an opportunity to ask questions of business school staff as well as current MBA students. The goal is to provide every participant with the information they need to determine if the MBA is right for them.
The MBAExplore program is the precursor to Forté MBALaunch, a 10-month program designed to help prospective women business school applicants build their b-school applications. MBAExplore is all about helping women gain the confidence, guidance, and information they need to take the first step toward their MBA degree. Learn more here.
Register Today
Registration ends July 8, 2018, and the MBAExplore program will be held in Washington DC on August 13, 2018, and New York City on August 28, 2018. You can register now for just $49 at the location of your choosing. Space is limited. Don’t miss out.
Jeff Sessions Learns Lessons from Notre Dame, and More – Chicago News
Let’s explore some of the most interesting stories that have emerged from Chicago business schools this week.
Stop Flailing and Start Delivering – Kellogg Insights
Of the “five common issues that impede career progress” Northwestern Kellogg clinical professor of innovation and entrepreneurship Carter Cast writes about in his new book, The Right (and Wrong) Stuff: How Brilliant Careers Are Made—and Unmade, the one issue that people most frequently self-identify is struggling to keep up.
Cast writes, “Careers can derail when people don’t deliver on promises. This can be a real problem because fellow workers start to distance themselves when they think you can’t be counted on.”
Cast offers five suggestions for how to “get organized and get ahead.”
1) Be Clear on What’s Expected of You
“Being clear with your boss on what success looks like is really important for setting expectations and ensuring you’re aligned. What are your goals and objectives for the year? What are the key initiatives that map to those objectives? What are the timelines for those initiatives, and what sort of resources will you need?”
2) Understand Your Organization’s Workflow Process
Cast says creative types tend to “overpromise and underdeliver” because “their eyes are typically bigger than their stomachs.” To these folks, Cast says, “Decide which tasks will really move the needle for your organization, and focus on those first. You can’t treat every message in your inbox equally.”
3) Be Intentional about Prioritizing Your Work
Cast suggests “breaking your day into segments and tackling challenging work during times when you are sharpest and most productive.” For instance, if your brain is most active between six and ten in the morning, for instance, that may not be the best time to respond to noncritical emails.”
YOU MAY ALSO LIKE: Kellogg Admissions Director Shares Insights on 2019 MBA Application
4) Learn How to Say “No”
Cast writes that people-pleasers “tend to take on more than they should—their default response is, “yes, why not?” But learning when to say “no,” and learning to do it tactfully, is critical for preserving valuable time and energy.”
5) Look for Opportunities to Delegate
Cast says, “We tend to think the best person to perform a given task is ourselves. In many cases, you have to learn to let go a bit. Things won’t go exactly the way you’d like, but you have to move forward and avoid needless distractions.”
You can check out the full article here.
Larry Gies Urges 2018 Graduates to “Find Your Way” – Gies School of Business Blog
Madison Industries founder, president, and CEO Larry Gies used his speech at Gies’ recent Convocation ceremony, which honored the “1,824 bachelor’s, master’s, and doctoral degree recipients,” as an opportunity to inspire graduates to spend time pinpointing their passion for what they do—or their “why.”
Gies, who donated $150 million to the University of Illinois last year, thus, changing the name of the business school in his honor, explains, “Knowing your why is critical. It is the ability to connect the dots between what you’re doing each and every day and a higher purpose. Our why is what drives us, inspires others around us, and allows us to persevere during those difficult moments. To put it simply, when you find your why, you love what you do.”
Gies adds, “I was forty-five before I found my why.”
Find out more about Gies’ speech here.
I’m a Biblical Scholar. It’s Clear That Jeff Sessions Needs a Bible Lesson – Mendoza Ideas & News
Notre Dame Mendoza business ethics professor and former Jesuit priest Joseph Holt contributed an op-ed to a recent issue of Fortune in which he took Attorney General Jeff Sessions to task for his “use of scripture to defend the Trump administration’s immigration policies.”
Professor Holt writes, “Sessions is pursuing justice understood as the strict and impartial application of the law. That shriveled understanding of justice is captured in the statement by Homeland Security Secretary Kirstjen Nielsen: ‘In the United States, if you break the law, you go to jail and you’re separated from your family.’
He adds, “From that viewpoint justice and mercy are opposed, because mercy could impede the administration of strict justice. But tzedek [the Hebrew word for “justice”] and its derivative tzedakah (which is a commandment to give as an act of social justice), mean justice and mercy working in unison.”
You can read the full article here.
Cornell Johnson Women Turn Out in Droves at Forté Conference
Each year, the Forté Foundation hosts the two-day MBA Women’s Leadership Conference. This year’s event was held in Atlanta at Georgia Tech’s Scheller College of Business, and a record number of women MBA students from Cornell’s Johnson Graduate School of Business attended. Not only did Johnson have its most impressive conference showing to date, but it also had the second-highest number of representatives in attendance.
Forty-nine MBA students, representing a broad cross-section of Johnson’s three residential MBA programs, attended this year’s Forté conference:
- 29 from the two-year MBA program (Ithaca)
- 7 from the one-year MBA program (Ithaca)
- 13 from the Johnson Cornell Tech MBA program (NYC)
“I loved meeting Forté Fellows and conference attendees from other schools. It made the network seem smaller, less intimidating, and very empowering. Just imagine what we can all accomplish together,” said Cassiope Sydoriak (Two-Year MBA ’20).
Inside the Forté Conference
The annual Forté conference offers attendees an opportunity to explore career paths they may not have considered, hear from influential businesswomen, and meet recruiters and potential mentors.
This year’s highlights included an opening keynote from Joanna Lipman, the chief content officer at Gannet, editor-in-chief of USA Today, and author of That’s What She Said. Lipman offered actionable tips on how women can leverage their value and overcome obstacles related to the gender gap.
Other highlights from this year’s conference:
- Dialogue with Leadership: This dialogue included a panel discussion with Emory Goizueta Dean Erika James; Acceture CEO Julie Sweet; and State Street EVP and Deputy Global CIO Lori Heinel . Together, they used the panel as an opportunity to unpack their careers and offer leadership advice.
- Forté Power Pitch Competition: This capstone event allowed four newly-graduated MBA women to present their innovative business ideas to a distinguished panel of judges.
- Workshops and Panels: Multiple workshops and panels were held throughout the two-day event, which covered topics such as communications strategies, interviewing, design thinking, and the future of feminism.
To learn more about the Forté conference and get reflections from Cornell Johnson’s women MBA students, read the full article here.
Stanford Salutes Fallen Alum, and More – San Francisco News
From new courses to lasting tributes, San Francisco business schools have had no shortage of headlines in recent weeks. Here are some of the biggest stories out of the Bay Area.
A Lasting Tribute to Jack McDonald — Stanford Newsroom
Nearly 500 Stanford Graduate School of Business faculty, alumni, and associates recently held a two-part celebration in remembrance of John “Jack” McDonald, who passed away earlier this year. McDonald, BS ’60, MBA ’62, Ph.D. ’67, taught more than 10,000 MBA and Executive Education students during his 50-year career.
Stanford President Marc Tessier-Lavigne was among faculty members to speak during the event, highlighted McDonald’s legacy at Stanford.
“Today is a reminder of what a powerful role faculty play in the lives of our students – both while they are on campus, and for the rest of their lives,” Tessier-Lavigne said. “Jack exemplified that influence and impact, across generations.”
After the speakers, Highland Hall, one Stanford’s student housing buildings, was officially renamed to Jack McDonald Hall, while and the GSB Common to the Stanford Investors Common. McDonald Hall, along with the Schwab Residential Center, makes it possible for all first-year MBA students to live on campus if they so choose.
You can read more about McDonald’s legacy and the ceremony here.
In Big Data Course, MBAs Learn How to Second-Guess an AI — Haas News
A new story from the UC Berkeley Haas School of Business highlights a new course offered to MBAs, “Big Data and Better Decisions.” Co-taught by Assoc. Prof. Jonathan Kolstad and economist Paul Gertler, the class covers topics in advanced data science. The instructors hope that their course will help ingrain a question-the-status-quo mindset in their students so that they can then bring these data-driven initiatives to their organizations.
“There’s a growing need within companies for MBAs trained in data analytics,” Gertler said. “This class is designed to prepare students to be part of the modern labor force and leaders of industry.”
You can lean more about Kolstad, Gertler, and the new courses here.
Alan Taylor Speaks at Nobel Symposium on Money and Banking — UC Davis News
UC Davis Graduate School of Management professor Alan Taylor recently delivered an address on the “indebtedness of governments, firms, and households” at the Nobel Symposium on Money and Banking. Taylor expressed how learning from past mistakes that lead to the recent Great Recession are key in ensuring the same meltdown doesn’t happen again.
“Understanding how and why private debt crises predictably occur with consistent patterns and grave collateral damage is to my mind the big unsolved research question today in macro(economics),” he said during his address.
You can watch the entire lecture below:
