Pharma Careers Highlight This Week’s Newest MBA Jobs
As modern medicine and healthcare continues to advance, healthcare providers and pharmaceutical manufacturers require new hires with analytical abilities, business acumen and problem solving skills to help innovate. MBAs will be relied on to lead these firms, the miracle drugs they produce, and the lives they serve, into the future. Here are just a few new MBA jobs currently available in the healthcare provider and pharmaceutical fields. Continue reading…
Pfizer Helping Expand Rutgers, and More – New York City
Let’s review the most interesting stories to emerge from New York business schools this week.
You Were a Finalist City, but Didn’t Land Amazon HQ2? You Still May Benefit – Simon Business School News
While large companies have been increasing in size, there has been a steady decline in entrepreneurship over the past 30 years. However, new research from the University of Rochester’s Simon Business School explores some of the surprising benefits that large companies may have for entrepreneurs.
Graduate student Zhao Jin studied entrepreneurial activity in the 20 finalist cities that were considered for Amazon HQ2 and discovered start-up companies were about 7 percent more likely to incorporate in one of the finalist cities for Amazon.
“The mere possibility of a large company entering a market encourages entrepreneurs to find profitable ways to be useful to that company. The main effects are concentrated in the larger cities, like Atlanta, Pittsburgh, Denver, and Los Angeles, where the sample size is larger.”
Assistant Professor Michael Gofman supervised Jin’s research and remarks, “The paper addresses a fundamental question about the influence of large tech firms on startups and innovations. As Amazon, Apple, Facebook, Alphabet, Microsoft and other tech giants increase their investment in internal R&D and attract the best talent, some have argued that it discourages startups. Zhao shows that big tech firms actually foster the establishment of startups.”
Since the Simon Business School released the piece, which you can read in full here, Amazon has decided to not build its Long Island City, NY HQ2, completely pulling out of New York City.
Expanding Rheumatology Services via Telemedicine – Rutgers Business School News
Pfizer awarded a $342,00 grant to an interdisciplinary partnership between Rutgers Business School, the Rutgers Robert Wood Johnson Medical School, and the Rutgers School of Nursing to expand rheumatology services through telemedicine.
Telemedicine is a highly scalable technology, helping geographically dispersed providers deliver healthcare to untapped locations, particularly rural and urban underserved populations who have a shortage of providers.
“I am very pleased that Pfizer awarded this major grant to a multidisciplinary Rutgers faculty team,” Dean Lei says.
Dean Lei Lei of Rutgers Business School applauds the partnership, “I am very pleased that Pfizer awarded this major grant to a multidisciplinary Rutgers faculty team. Congratulations to professors Alok Baveja and Ben Melamed in the Supply Chain Management Department and the entire team participating on this project.”
Assistant professor of nursing and co-investigator on the grant Ann D. Bagchi adds, “We are very excited to be collaborating on this multidisciplinary initiative, which will offer nurse practitioners an opportunity to train in rheumatology and telemedicine. Through the telemedicine approach, the program has the potential to help address the rheumatology workforce shortage nationwide.”
Read more about the Pfizer award here.
Blockchain’s Transformational Impact on Commerce and Beyond – Lubin School of Business News
Joseph Lubin, co-founder of blockchain computing platform Ethereum and founder of Consensys, a blockchain venture studio, will be a special guest at an upcoming event on Tuesday, February 19 2 p.m. at the Schimmel Theatre in New York City, courtesy of the Lubin School of Business.
ConsenSys is one of the largest and fastest-growing companies in the blockchain technology space, building developer tools, decentralized applications, and solutions for enterprises and governments that harness the power of Ethereum. ConsenSys employs top entrepreneurs, computer scientists, software developers, and experts in enterprise delivery worldwide.
As a software engineer and consultant, Lubin worked with eMagine on the Identrus project and was involved in the founding and operation of a hedge fund with a partner. He held positions as Director of the New York office of Blacksmith Software Consulting, and VP of Technology in Private Wealth Management at Goldman Sachs. Through these posts, Lubin focused on the intersection of cryptography, engineering, and finance. Lubin co-founded the Ethereum Project and has been working on Ethereum and ConsenSys since January 2014.
Find out more about the event here.
New MBA Jobs at Major Health Care Providers and Pharmaceutical Firms
As Baby Boomers age and make up a more significant portion of the population, more Americans rely on health insurance providers and prescription drugs. In fact, Center for Disease Control stats show that more Americans are taking prescription drugs than ever. More patients and more drugs means a greater need for upper level health insurance and pharmaceutical professionals, and more new MBA jobs in these fields.
As with any complex industry, healthcare providers and pharmaceutical manufacturers require new hires with analytical abilities, business acumen and problem solving skills to help innovate and lead these firms into the future. Here are just a few new MBA jobs for those looking to enter healthcare provider and pharmaceutical fields.
Continue reading…
New MBA Jobs: Facebook, Pfizer, GM and More
Whether its an entry level Facebook jobs, or a position fit for an experienced professional at Kaiser Permanente or Salesforce, there’s always exciting new MBA jobs out there. Check out this weeks picks below, and apply for your dream job today! Don’t forget that we post new MBA job just like this every week on MetroMBA:
How An MBA Degree Can Land You a Job at Pfizer
MBA grads looking to make headway in an ever-expanding field with massive growth potential should look no further than healthcare and pharmaceuticals. There’s a reason more and more business school graduates have begun to pursue pharma over more tried-and-true post-MBA paths like real estate, consulting, and finance: the pharma industry offers a myriad of opportunities. There’s an almost inexhaustible supply of interesting problems to solve while earning boast-worthy salaries.
When it comes to major industry players, Pfizer is one of the undisputed global pharmaceutical leaders. Many of its products have burrowed their way into popular consciousness—both figuratively and literally. Lipitor, Viagra, Zoloft, Xanax, Advil, ChapStick, Preparation H, and Robitussin are iconic brands unto themselves.
Below, we’ll take a deeper look into exactly how MBAs can gain a foothold at Pfizer.
Why Do MBAs Love Pfizer?
Pfizer’s name brand recognition just so happens to correlate with a stellar internal reputation among employees, both past and present. Forbes, Fortune, LinkedIn, CareerBliss all consistently rank Pfizer as one of the happiest, most employee-centric, and/or most in-demand employers in the American pharma space.
In an interview with the Stevens Institute of Technology blog, Pfizer Senior QA Manager Bill Mestrandrea, a Stevens MBA alum, spoke of the deep camaraderie that he has with his fellow MBAs at Pfizer, comparing it to a “band of brothers.”
He elaborates: “We’re all in it together. I’ve met people from other departments who my work influences, and they’ve influenced my work as well. It gave me a better understanding of the network within Pfizer, and how it all comes together to form one company, always working in support of our patients.”
An anonymous former Pfizer employee took to Glassdoor to extol the company’s virtues: “If you can keep up with the fast pace and are not overly sensitive, Pfizer is a great to work. Everyday is an adventure and the benefits are excellent.” An anonymous Technical Specialist in the New York branch lauded Pfizer’s “great gym, clinic, cafeteria, and day care” in a Forbes profile.
Payscale reports that MBAs earn an average starting salary of around $121,000. Pfizer prides itself on a competitive compensation and benefits package that rewards employees “based on the contributions they make to [the] business.”
The company offers a number of in-house health and wellness programs, including health and disability insurance, medical screening, free or reduced-cost vaccinations, discounts on Pfizer products, and nutrition and fitness counseling. As part of the benefits package, Pfizer also offers access to colleague-directed retirement funds, company contributions to retirement financial vehicles, life insurance, and financial planning education.
Working at Pfizer
If there’s a common thread that runs through day-to-day life for all MBA grads at Pfizer, no matter their function, it’s that they’re all expected to move quickly and keep up with the constant demand. Pfizer is sympathetic and has sought out solutions to help acclimate first-year MBAs—namely, its Summer Associate Program, which has placed alum in full-time roles for the past 15 years.
Pfizer’s 10-12 week Summer Associate Program recruits and provides “first-year MBA students from top-ranked business schools … with a variety of unique experiences that will serve to develop and broaden critical skill sets and competencies as they progress their development towards leadership roles within Pfizer.”
Students are assigned challenging projects within Consumer Marketing, Corporate Audit, Corporate Finance, Global Procurement, Pfizer Consulting & Execution, and Pharmaceutical Marketing. By the end, Summer Associates “gain a wealth of valuable industry knowledge, networking opportunities, and life experiences.”
According to Pfizer, “MBA Summer Associates receive an industry competitive salary, housing support options and the prospect of conversion to a full-time opportunity upon the completion of their MBA degree.”
Jane Scholl (Columbia Business School ’12), whose healthcare resume stemmed from a desire to “improve the lives of others,” discussed the way her 2012 internship led to a position with the Marketing Rotational Program the following year:
“Though I only spent three months with Pfizer during the summer, I was treated as a valued member of the team rather than an intern. I was encouraged to share my thoughts and ideas even if they differed from those of other colleagues. I worked on meaningful projects that contributed to the business, and some of my recommendations were implemented before the end of the summer.”
Oindrila Sardar (Chicago Booth ’11), a Senior Manager at Pfizer’s Established Products Marketing Platform, discussed the relationship she had with the rotation managers during her Summer Associate internship:
“My rotation managers have played a critical role in my development with weekly one-on-one meetings and their insightful project guidance. They have been receptive to my interests and have matched them with meaningful assignments Throughout my rotations I have worked with cross-functional colleagues from many areas of the company which has helped me further understand Pfizer and its structure. I have been surprised by the high level of trust and responsibility given from the very beginning.”
Landing a Job at Pfizer
It’s pretty straightforward: Pfizer’s Summer Associate Internship is a surefire way for MBAs to get hired. In fact, 16 out of its recent 25 summer associates were extended full-time offers. That said, there’s plenty of recruitment that takes place outside the sacred intern space.
In the fall, Pfizer aggressively targets top MBA programs, particularly in the Mid-Atlantic and Northeast close to its New York HQ. The company is interested in drawing from a pool of diverse and competitive first-year applicants, especially those with a taste for finance, marketing, global supply, and general management. Although previous pharma experience will make your application more competitive, Pfizer is equally interested in applicants with compelling reasons for a career change.
Interviews begin in January and run until March. Pfizer sometimes conducts group interview sessions in which four or five applicants discuss issues with staff members. This process is designed to understand which folks will make a meaningful contribution to a Pfizer culture with many distinct and occasionally contentious points-of-view.
Alumni Profile: Josefina Guillen, Lake Forest Graduate School of Management MBA
Josefina Guillen is currently a health care and operations project manager who has worked at such companies as Abbott, Pfizer, Hospira, Siemens, and Procter & Gamble. She received her MBA from Lake Forest Graduate School of Management (LFGSM) in 2015 with a focus in operations, lean management, and healthcare. Very well learned, Guillen also holds a Master’s degree in quality management and a BS in chemical engineering.
