New MBA Jobs: GE, Tesla, Microsoft, and More
Current MBAs and business school grads looking for jobs have come to the right place: Here’s our weekly listing of new and exciting MBA jobs. This week’s list features opportunities areas like supply chain and tech, and in a number of exciting metros and locations. Continue reading…
Finding the Best MBA Internship Destinations in the Pacific Northwest
The Pacific Northwest MBA job market has been rapidly expanding for years. The region is packed full of corporate giants, technology startups, and many more lucrative companies MBAs know fully-well, such as Starbucks, Amazon, Boeing, and Microsoft. Continue reading…
Managing a Personal Crisis, and More – Boston News
What’s going on in Boston this week?
How to Manage an Employee Who’s Having a Personal Crisis – Harvard Business Review
The Harvard Business Review recently explored how managers can best support employees to “take care of themselves emotionally while also making sure they are doing their work.”
Annie McKee, author of How to Be Happy at Work and a senior fellow at Penn’s Graduate School of Education, offers three helpful suggestions:
- Set a tone of compassion in the office. It will not only give your employees confidence to approach you with struggles, but also give you the ability to spot warnings signs.
- Be creative with solutions. A flexible schedule may allow a person to maintain their output without much disruption.
- Check in from time to time, both to reassure the employee and to make sure that further adjustments or accommodations aren’t needed.
You can read the full article over at HBR.
Agile at Scale, Explained – MIT Sloan Newsroom
MIT Center for Information Systems Research’s Kristine Dery is currently studying how agile management—the increasingly popular management methodology adopted by the likes of Microsoft, Ericsson, and Spotify—relates to the employee experience.
MIT Sloan School of Management senior lecturer and industry liaison Carine Simon writes, “The traditional method of managing, the waterfall method, which is very inflexible, planned-in-advance, linear, and not iterative at all, wasn’t lending itself at all to the flexibility and the adjustments that were necessary to make great software.”
Simon adds, “[Agile is] iterating with customer feedback, prototypes, and tests, versus taking some requirements and issuing the product maybe a year later, when the customer’s requirements have changed or technology has evolved.”
Many companies have taken note of agile’s prevalence and begun to “ask whether the method’s practices and philosophies could be scaled up to apply with equal success to other projects or even entire business functions,” according to Simon and Dery.
Simon continues, “In customer-centric processes where customer input is key, and in that sense it’s quite uncertain or fast-changing, then those would be the types of areas in a firm that lend themselves to agile.”
Check out the full article here.
Questrom Professor Named 2018-19 Batten Fellow – Questrom Blog
BU Questrom School of Business‘ Siobhan O’Mahony was recently awarded a 2018-19 Batten Fellowship by the Batten Institute for Entrepreneurship and Innovation at University of Virginia Darden School of Business.
The Batten Fellows program, according to Darden, “provides support for prominent thought leaders and high-potential scholars who seek to generate new knowledge about entrepreneurship and innovation.”
O’Mahony, an Associate Professor of Strategy & Innovation and Academic Director of Research and Curriculum for Innovate@BU, explores how “technical and creative projects organize for innovation.”
O’Mahony plans to use her fellowship to “research entrepreneurial ecosystems and how those systems influence entrepreneurs and their efforts around venture creation.”
Read all about O’Mahony’s fellowship as part of the full article here.
The 5 Highest Paying Marketing Jobs for MBAs
Marketing is one of the most popular career paths for an MBA—2.9 times as popular as other careers according to PayScale—and with good reason: about 69 percent of marketing MBAs report a high level of job satisfaction. Besides, marketing MBAs are paid well. While the starting median pay (with a max of five years of experience) is only $55,700, after ten years, pay jumps to $116,000—a 108 percent growth between starting and mid-career salary.
The question then is, “What are the highest paying marketing jobs for MBAs?” The answer isn’t as cut and dry as you would think. It varies significantly between companies, level of experience, location, and job type.
Companies Recruiting Marketing MBAs
Where you work can have as a profound of an impact on your pay as your actual job function. That’s because larger companies tend to pay higher salaries, and how a particular company views the marketing department can also influence how much they are willing to pay. Below are five of the highest paying marketing jobs, according to PayScale.
- Microsoft Corp: $95,146 – $152,605
- IBM Corp: $91,158 – $132,500
- Dell, Inc: $77,511 – $130,000
- Starbucks Corp: $115,436 – $121,097
- Amazon: $90,000 – $122,500
Experience
According to PayScale, experience plays a big role in how much you earn as a marketing professional. After graduating with an MBA in business and marketing, the average salary you can expect based on your years worked is:
- Less than one year: $54,721
- One to four years: $59,343
- Five to nine years: $81,097
- Ten to 19 years: $104,070
- Over 20 years: $124,631
Location
Where you work, can have a significant impact on what you’re worth. As always, large cities tend to pay more, but that’s still not always a guarantee. So, where are the most popular cities for marketing professionals and how much do they pay (average salary)?
- Seattle, WA: $119,266
- San Francisco, CA: $118,330
- Boston, MA: $104,217
- Dallas, TX: $100,237
- NYC, NY: $96,387
The Top MBA Marketing Jobs
There are dozens of different marketing positions that an MBA graduate can choose. If you’re looking to choose the highest paying marketing job, then you’ll want to choose one of the following five jobs. These are the top salaried positions for marketing MBAs (just be sure to keep in mind the company, location, and your experience if you want to earn the most money).
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Vice President Marketing ($100,000 – $186,000)
As a Vice President of Marketing, you will offten be responsible for reporting your company’s marketing efforts to the board of directors or other highly-placed executives. Your main responsibility will be to determine the best strategies to improve your market-shares for goods and services sold. You’ll also be responsible for your company’s brand, including presenting the company’s assets and products. Common tasks include:
- Forecasting and strategic planning.
- Directing and setting the strategic direction of the marketing program.
- Overseeing all marketing staff operations, policies, and plans.
For MBA graduates, becoming a VP of Marketing is the highest paying position you can attain. On average, you’ll earn $143,571 plus a bonus between $4,939 and $49,935. As for where you’ll get paid the most, look for jobs in:
- San Francisco: 21 percent more
- Charlotte: 11 percent more
- Boston: 10 percent more
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Marketing Director ($66,000 – $158,000)
Marketing Directors are responsible for managing and directing all marketing tasks. You’ll oversee the many marketing professionals under your purview and ensure that they meet company goals, requirements, and needs. In addition, you’ll be responsible for developing marketing projects, running successful marketing campaigns, monitoring budgets, resolving team issues, and communicating with clients, vendors, and other team managers within your company. Common tasks include:
- Overseeing marketing staff, advertising budget, and business planning.
- Directing and planning marketing strategies.
- Acting as the marketing subject matter expert.
On average, a Marketing Director with an MBA can expect to earn $106,684. However, that salary can greatly increase depending on the company you work for. The top companies are:
- Medtronic, Inc: $175,000
- Microsoft: $164,848
- IBM: $147,215
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Senior Marketing Manager ($73,000 – $147,000)
As a Senior Marketing Manager, you’re in a middle-management position. Typically, you report to the Marketing Director and are responsible for researching target markets, providing feedback on product development, running product teams, planning display marketing, and working with various other teams to develop marketing objectives and goals. Common tasks include:
- Managing training and development of marketing staff.
- Managing and analyzing marketing programs for optimized results.
- Developing, recommending, and implementing marketing programs and campaigns.
On average, you can expect to earn $111,476. To earn the most, you’ll want to look at jobs at:
- Microsoft: $138,598
- Medtronic, Inc: $128,104
- Amazon.com: $126,774
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Brand Manager ($68,000 – $132,000)
As a Brand Manager, you’ll be responsible for many of the customer-facing operations in the marketing department. Your job will be to control and manage all the ways that the company is exposed to the public including consumer attitudes, staff communication, and more. Common tasks include:
- Leading the brand strategy.
- Researching customer attitudes and developing plans and projects to support positive experiences.
- Leading consumer communication in each marketplace.
On average, a Brand Manager earns $102,309 as an MBA graduate with a yearly bonus between $795 and $19,644. To earn the most money, you’ll want to work in:
- San Francisco: 41 percent more
- Seattle: 36 percent more
- Chicago: 16 percent more
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Product Marketing Manager ($60,000 – $130,000)
A Product Marketing Manager knows the company’s products inside and out. They are responsible for conducting research and determining a strategy for selling each product to generate the highest revenues. You’ll also be responsible for overseeing how each product is seen by the public from advertising to press releases and more. Common tasks include:
- Developing product marketing strategies to maximize revenue.
- Researching consumer opinions on products to aid performance.
- Collaborating with design to meet consumer expectations.
On average, a Product Marketing Manager will earn $105,942, which is pretty consistent between companies. The best paying companies are:
- Google: $115,723
- Microsoft: $115,481
- AT&T: $112,020
School v. School: Berkeley Haas or UW Foster?
With all the options for incredible business schools throughout the country, it can be a tall order to narrow down programs and choose the right degree for you. In our School v. School series, you can compare and contrast some of the best programs around the United States, helping to cut through the noise and find the best MBA for you on the West Coast.
What is the Most Valuable San Francisco MBA?
There’s no doubt: San Francisco is a great city to earn your MBA. Located near Silicon Valley, business schools throughout the area provide not only an excellent education but also opportunities to interact with many tech and industry leaders in the area. But which MBA programs in San Francisco are the best?
This is not an easy question to answer. You can check rankings, to see which MBA programs perform well based on surveys and statistics provide to The Financial Times, U.S. News and World Report, and The Economist. And that’s a great place to start, but probably the most essential value when determining the right MBA program for you is your return on investment (ROI).
The ROI of an MBA program is one of the best indicators of what your MBA is actually worth. It looks at statistics such as average salary increase, post-graduation employment, tuition cost, cost of living, and more. To help you out, we looked in-depth at the best business schools in San Francisco to see which offer the best ROI. Continue reading…
