New MBA Jobs: Morgan Stanley, Google, Nike, and More
Every MBA’s goal is to land their dream job, but why limit your choices to the United States? With so many great companies recruiting MBAs to develop businesses in markets across the globe, it’s hard to stay on top of all the opportunities out there. Here’s a selection of some of the most exciting open positions out there right now in the US, Europe and Asia: Continue reading…
MBAs Profit As Paid Consultants through TCU Neeley & Associates
At the Texas Christian University Neeley School of Business’ Neeley & Associates, MBAs have the chance to gain more than just hands-on business experience as paid consultants for major companies.
The Neeley & Associates are a group of MBA student consultants who can earn both business experience and a paycheck by offering insights and strategies for major companies facing business challenges. The students act as principle consultants, but are are provided with ample resources and guidance in the form faculty, staff, and professional consultants.
The program benefits both students looking to gain experience and the companies, who are able to find affordable and innovative solutions to their challenges. Past clients have ranged from PepsiCo. to Nike to GM Financial, and all of the consulting is paid work.
Many students have since been hired or offered internships at the companies for which they served as consultants. Others simply found that the consulting experience on their resume gave them a competitive edge on the job market. “Few candidates have ever done a consulting project. It gave me examples of how I creatively overcame a difficult challenge for a major company,” Greg Goolsby said of his Neeley & Associates experience. Graduating with his MBA in 2008, Goolsby currently serves as the senior licensing and acquisition manager at FUNimation.
Ed Riefenstahl, Director of Experiential Learning at Neeley, also commented on the many benefits the program has for students. “In addition to applying new knowledge from the classroom, Neeley & Associates MBAs get to experience and develop skills that are applicable and beneficial to the rest of their careers.”
Made in Italy and NYU Stern: James & Salvatore Ferragamo
When it comes to Italian high-fashion, names like Gucci, Versace, and Prada often come to mind. These companies, known for their quality products and timeless brands, are staples in both the fashion and business communities. Salvatore Ferragamo S.p.A., another Italian fashion company, is notable for not only their quality leather and fine wine, but also for their leadership, namely twin brothers and NYU Stern School of Business MBA graduates James and Salvatore Ferragamo.
All in the Family
James and Salvatore followed the footsteps of their father and company CEO Ferruccio, and grandfather Salvatore, who founded the brand in 1928. The company’s current structure features each of the founder’s six sons and daughters with a role on the board of directors, with other relatives also taking jobs within the organization.
However, the Ferragamo clan decided that only three members from the family’s third generation should be involved in the family business. These three members were required to have a university degree, an MBA, three years of working experience outside of Ferragamo, and English and IT skills. James and Salvatore accepted this challenge: Both graduated from NYU’s Stern School of Business with a BS in 1993 and again with an MBA in 1997.
What have the two Ferragamo heirs and Stern MBA alumni been up to lately? Both have been utilizing their strengths to push the Ferragamo brand to new heights in different ways.
Expanding “Made in Italy”
James is currently the Director of Women’s and Men’s Shoes and Leather Goods for the Salvatore Ferragamo Group. His responsibilities include overseeing all categories from bags to belts, with a focus on shoes. He briefly worked at Goldman Sachs before completing his MBA in 1997 and joining the family business. James was the first member of the third-generation Ferragamo’s to enter the business.
According to James, a big part of innovation is collaboration. Since 2010, all leather goods collections have been created side by side with the brand’s creative director, Massimiliano Giornetti. Together, James and Massimiliano have pushed Ferragamo into modern territory, while still respecting the brand’s heritage.
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“Together, we need to communicate Ferragamo’s creativity,” James told the South China Morning Post. “For Massimiliano, he pushes on the accelerator of creativity and creates novelty with the ready-to-wear. My role is to try and make sure that we have quality and never compromise on it.”
Ferragamo has always prided itself on being “Made in Italy” and James says that will remain the brand’s headlining message, even as it expands into new markets like China. “No matter what, all our products will always be made in Italy,” he said, doubling down on his decision to keep all production inside of Italy in the near future. “My father had a very rigid point of view on this. Italy, to us, represents a certain uniqueness, and people love this idea of artisanship.”
Resurrecting Il Borro
Instead of following the career trajectory of the rest of his family, Salvatore followed his true passion: wine.
“[My brother James] likes fashion, and I like wine, so it worked out perfectly,” Salvatore told The Drinks Business.
Since graduating from Stern’s MBA program in 1997, Salvatore has been tasked with expanding Ferragamo’s brand portfolio into wine and agro-tourism at Il Borro villa. The Ferragamo family purchased the Tuscan vineyard in 1993 and Salvatore has led efforts to restore the estate and innovate the wine production business, while always sticking to the family’s commitment to being “Made in Italy.”
“Fashion and wine are both a question of lifestyle, personal taste, and sensibility,” Salvatore told Wine Enthusiast. “When I was growing up, I was surrounded by a spirit of fine craftsmanship and careful attention to details that are the hallmarks of ‘Made in Italy.’ My family has always believed that this approach is the best way to express creativity, tradition and quality, and it’s true in both fashion and wine. For example, all of the grapes that go into our wines are carefully chosen by passionate hands that give each bottle its own character.”
In September, Salvatore revealed that Il Borro is producing an amphorae wine made with Sangiovese with the skins kept in contact with the clay vessel for one year. The clay is sourced locally and is made by a local amphorae maker. The wine “Unlike French oak, amphorae doesn’t give the wine notes of tobacco or spices, it focuses more on the fruit notes of the wine,” he said. Salvatore added that he is also experimenting with “a secret project” — a Chardonnay made with the same method.
Reflecting on NYU Stern
In 2006, James and Salvatore invited a group of Stern alumni to their flagship Fifth Avenue store. At the event, the Ferragamo twins were asked how studying at NYU Stern and working in New York helped them as they entered the business world.
“NYU helped me to balance my professional experience with my academic experience,” James said. “Living and working in New York City provided the opportunity to understand the practical application of what I learned, as both a graduate and an undergraduate, whether it was about finance, fashion, marketing, or advertising.”
“Studying in New York gives you the unique opportunity to learn in the business capital of the world and to be in contact with people from different countries, cultures, and businesses,” Salvatore said. “This is very important as I am promoting Il Borro estate worldwide, and it is crucial to understand, recognize, and respect different cultures when entering into any type of global business relationship.”
Fashion and Future at Stern
Recently, alongside the new Tech MBA, the Stern School of Business introduced the forward-thinking Fashion & Luxury MBA, which features several high-profile figures on its advisory board from the likes of Dolce & Gabanna, Tiffany & Co., Nike, Vogue and more.
For more information on the NYU Fashion & Luxury MBA, click here.
The Best Part-Time MBA Programs You Can Find in Seattle
For those who feel stuck in a middle management position, getting an MBA is a great way to get a leg-up on competition and put yourself in the running for higher-level opportunities. Unfortunately, a 9-to-5 job does not leave much time to devote to full-time learning.
However, the majority of MBA programs offer flexible, hybrid, or part-time options to accommodate all sorts of schedules. Below, we offer a rundown on the three best Seattle part-time MBA programs.
The Best Seattle Part-time MBA Programs
Seattle Pacific University School of Business, Government and Economics
At the Seattle Pacific University School of Business, Government and Economics, a full-time career does not have to deter motivated professionals from pursuing higher education. SPU’s part-time program consists of evening and weekend classes, and is designed to fit into a busy schedule. The university markets the program specifically to established professionals looking to integrate valuable MBA knowledge and skills into their current position.
The 45-credit program consists of ten advanced courses and five elective courses. Selecting an emphasis can help professionals tailor their education to their specific business needs. Students can choose any of the following emphases: Human Resource Management, Finance, Management, Cybersecurity, Data Analytics, Social and Sustainable Business, or Information Systems Management.
SPU’s part-time program might appeal to professionals who prioritize integrity and wish to make a positive contribution to their workplace and community. The university requires at least two ethics courses, and underscores the importance of morality in business.
Foster School of Business—University of Washington
The UW Foster School of Business has several options for aspiring MBAs who cannot commit to a standard full-time program. Foster offers an Evening MBA, a Hybrid MBA, and an Executive MBA to accommodate various lifestyles.
Forster’s Evening MBA takes three years to complete. Students in this program have an average of almost seven years of work experience, making this track a great option for more seasoned professionals looking to enhance their contributions at their jobs, or perhaps looking to make a late career change.
The Executive MBA (EMBA) at Foster may also be the right choice for those looking for a program that is compatible with full-time work and life obligations. Though not limited to executives, the EMBA is specifically designed for seasoned professionals seeking knowledge they can apply in their professional lives right away. The 21-month program provides the option to take classes weekly or monthly, to meet the needs of those who might have to commute.
If finding time to commit to on-campus courses seems difficult, Foster’s Hybrid MBA might be a good fit. The program involves quarterly in-person sessions, and the rest of the coursework takes place online.
Albers School of Business and Economics—Seattle University
Seattle University’s Albers School of Business and Economics offers students in the Professional MBA (PMBA) the chance to pursue their degree part-time. This program is ideal for students who want to tailor customize their education to fit their interests and career goals, as electives comprise two thirds of the 54 required credits. Students on the PMBA track must have a minimum of two years of work experience. Graduates of this program have gone on to high-level positions at companies like Nike and Microsoft.
Getting Paid: Highest MBA Salaries in Los Angeles
The transmissions Los Angeles sends back out into the ether are those culled from the desires of its inhabitants but also from the people who romanticize it from the outside. As Joan Didion once wrote, “The city burning is Los Angeles’s deepest image of itself.”
Los Angeles is, admittedly, polarizing. While some may find the not-so-authentic atmosphere of Hollywood to be a downtrodden, morose landscape, the city’s expansive diversity and subtle natural wonder is enthralling in its own right. In a way, it feels alien and utterly familiar all at once.
It’s this kind of uncertainty that makes Los Angeles an ideal place to pursue a business degree for a prospective MBA open to a bit of ambiguity. While Silicon Valley up north has traditionally been romanticized as a place where we can re-write the rules, LA has been catching up recently—and fast. Los Angeles has embraced the tech boom in a big way, with many Valley bigwigs and new startups alike moving their operations to Silicon Beach on the West Side. With that in mind, the new era of LA innovation is creating some lofty starting salaries, particularly for MBA graduates.
The Highest Los Angeles MBA Salaries
UCLA Anderson School of Management
Recent UCLA Anderson graduates earned an average starting salary of $121,250 with a $25,000 signing bonus, according to statistics released by the school. Over 92 percent of Anderson MBAs received job offers within three months of graduation. The top five industries to employ Anderson MBAs are in tech (30.6 percent); financial services (21.6 percent); consumer products (13.4 percent); and consulting services (13.4 percent). Top employers for Anderson graduates include: Amazon, Deloitte, Bank of America Merrill Lynch, Google, Microsoft, Adobe, Amgen, BCG, EY, Mattel, McKinsey & Company, Nike, PwC, Apple, AT&T, Autodesk, Citigroup, Credit Suisse, Epson, Goldman Sachs, Intel, Sony Pictures Entertainment, and Disney, among others
UC Irvine Merage School of Business
MBA graduates from the UC Irivine Paul Merage School of Business posted record employment numbers for the school. Over 90 percent of recent MBAs received job offers within three months of graduation. The most popular industries to attract Merage graduates were in technology (33 percent), finance (31 percent), consulting (24 percent), and marketing/sales (27 percent). Merage graduates with tech industry positions earned starting salaries of $105,000; consulting, $100,000; consumer products, $85,000; and financial services, $100,000. Top employers included: Amazon, AT&T, Bank of America, Cisco, Dell, Deloitte, Gap, Hulu, Hyundai, IBM, Mattel, NBC Universal, Taco Bell, Twitter, and Volcom.
USC Marshall School of Business
According to employment statistics surveying the most recent USC Marshall School of Business MBA class, the average starting salary for Marshall graduates is $115,309 with a $23,431 signing bonus. The top three industries that employ Marshall graduates are within consulting (34 percent), where MBAs start at $132,000; marketing/sales (27 percent), where MBAs start at $99,497; and financial services (18 percent), where MBAs start at $112,087. Top employers of Marshall’s 2016 class include: Adobe, AT&T, Apple, Citigroup, Deloitte, Disney, Facebook, Film Roman, Google, Hewlett-Packard, Intel, Morgan Stanley, Johnson & Johnson, Samsung, Taco Bell, Warner Bros, Starbucks, PwC, Sony Pictures, Nestle, and PepsiCo, among others.
USC Marshall grad salaries, broken down by industry.
Pepperdine Graziadio School of Business and Management
Pepperdine Graziadio School of Business and Management graduates earned an average starting salary of $120,000, according to school statistics. Around 82 percent of Graziadio MBAs accepted job offers within three months of graduation.
Financial services, entertainment, technology, and consulting were the top industries to employ Graziadio MBAs.
For more information on the best Los Angeles MBA programs, check out our guide to the city. As well, learn more about which LA schools do not require GMAT or GRE scores here.
Getting Paid: Highest MBA Salaries in Chicago
Like most parts of the country, the U.S. heartland is undergoing a massive shift on all fronts, becoming more urbane, diverse, and open to outsiders than seemingly ever before.
Many communities are becoming increasingly diverse, attracting international residents at an unprecedented rate. Young, urban professional-types who once flocked to the coasts are now moving in droves to Midwestern cities, which were once dismissively filed under “fly-over territory.” Nowhere is this change more apparent than in the Windy City.
Chicago’s long been home to major players in media, education, finance, and food and beverage (shout-out to Giordano’s Deep Dish Pizza), but doing business in the city now also means something new. Like most major metropolitan areas, Chicago’s slowly dipping its toes into the tech game; the city’s home to Groupon, Grubhub, Orbitz, and Reverb.
So, take your pick, aspiring MBAs! When it comes to Chi-City, you’ll be a veritable kid in a candy store.
The 5 Highest Chicago MBA Salaries
Northwestern Kellogg School of Management
Northwestern Kellogg School of Management graduates earned average starting salaries between $106,000-$138,000, depending on their chosen industry. According to recent statistics, the four most popular industries to attract Kellogg MBAs were consulting (32.6 percent), where the starting salary hovers around $138,204 with a $29,375 signing bonus. MBAs in tech (22 percent) earned a starting salary of $119,713 with a $23,749 signing bonus. MBAs that specialize in consumer products (13.8 percent) earned an average starting salary of $106,052 with a $26,634 signing bonus. MBAs in financial services (12.8 percent) earned an average starting salary of $128,090 with a $32,100 signing bonus. Top employers of Kellogg graduates include: Adobe Systems, Amazon, Anheuser-Busch, Apple, Bain & Co, Bank of America Merrill Lynch, Boston Consulting Group, Cisco Systems, DaVita Healthcare Partners, Dell, Deloitte, Facebook, General Motors, Goldman Sachs, Google, JPMorgan Chase, Linkedin, Mars, McKinsey & Company, Microsoft, Nike, PepsiCo, among others
DePaul Kellstadt Graduate School of Business
Recent graduates from the DePaul Kellstadt Graduate School of Business posted record employment numbers for the school. According to an overview the school published, 92 percent of 2016 MBAs landed positions within 120 days of graduation. The average starting salaries for Kellstadt’s available MBA concentrations are as follows: Accountancy at $83,000; economics at $90,000; finance at $89,000; management at $83,000; marketing at $75,500; and real estate at $75,000. The most popular industries to attract Kellstadt graduates were accounting, financial services, manufacturing, health care, and consulting. Top employers include: Allstate, Bank of America Merrill Lynch, Boston Consulting Group, Deloitte, Deutsche Bank, GE Capital, General Mills, Google, Groupon, JPMorgan Chase, Microsoft, PwC, United Airlines, and Wilson Sporting Goods, among others.
Notre Dame’s Mendoza College of Business
According to statistics surveying the most recent MBA class, the average starting salary for Mendoza College of Business graduates is $105,000 with a $20,000 signing bonus. About 91 percent of MBAs received job offers within three months of graduation. The most popular industries to attract Mendoza MBAs are within tech (27.1 percent), financial services (18.8 percent), consumer products (14.6 percent), and consulting (11.5 percent). MBAs working in tech earned average starting salaries of around $110,000; financial services, $110,000; consumer products, $100,000; and consulting, $105,000. Top employers of Mendoza MBAs include: Deloitte, Procter & Gamble, PwC, Deutsche Bank, IBM, Discover, Allstate, IBM, Samsung, Amazon, American Airlines, ExxonMobil, Johnson & Johnson, AT&T, Kraft, Hershey, Heinz, Bank of America Merrill Lynch, Major League Soccer, United Airlines, General Mills, General Motors, Microsoft, GlaxoSmithKline, and Citibank, among others.
University of Chicago Booth School of Business
Chicago Booth School of Business graduates earned an average starting salary of $125,000, according to recent statistics. The top industries to attract Booth MBAs are financial services (36 percent), consulting (27.5 percent), and technology (16.7 percent). Booth MBAs working in financial services earn average starting salaries of $125,000 with a $40,000 signing bonus; consulting, $145,000 with a $25,000 signing bonus; technology, $125,000 with a $30,000 signing bonus. Top employers of Booth graduates include McKInsey & Company (7.1 percent), Boston Consulting Group (4.7 percent), Amazon (3.9 percent), Bain & Company (3.1 percent), Accenture (2.6 percent), Google (2.4 percent), Bank of America Merrill Lynch (2.2 percent), and PwC Strategy (2 percent).
University of Illinois at Chicago Gies College of Business
On average, Gies College of Business graduates can expect to start their careers in the $90,000 range with a $10,000 signing bonus. According to statistics supplied by the school, MBA grads have a 94 percent employment rate. The most popular industries are technology (20.3 percent), financial services (18.8 percent), consulting (15.6 percent), and consumer products (12.5 percent). Liautaud MBAs who took positions in tech started at $94,000; financial services, $87,857; consulting, $89,125; and consumer products, $95,800. Liautaud graduates work for a broad range of companies, but top employers include AT&T, Johnson & Johnson, Walt Disney, Amazon, Chrysler, Hewlett-Packard, Sears, Google, State Farm, City of Champaign, Bank of America, and Whirlpool Corporation.
