Temple, Carnegie Mellon Top U.S. News 2018 Online MBA Rankings
The annual U.S. News & World Report 2018 Online MBA rankings are officially in, with the Fox School of Business at Temple University, once again, taking the top honors.
Gain a Global Edge with These Philadelphia International Business MBAs
Every day, it becomes easier and easier to make connections across the world, building a global network of business and resources that can help to benefit the world. Due to an increasingly global economy, possessing a deep knowledge and understanding of the way global markets work can be a crucial part of building a business career. There is almost no limit to the types of opportunities an education in global business will provide: from working in the fields of international trade, global business operations or planning or industrial development, and being employed by international agencies, non-profit organizations, governmental, or both public and private corporations.
According to Michigan State program globalEDGE, “demand continues to grow for individuals who understand the global context of business: from the logistics of international trade and cross-border investments to the cultural and ethical issues that are imbued in the practice of business around the world. By studying international business, you will learn about world cultures and societies, and be challenged to approach issues from different perspectives.”
In choosing to study international business in the Philadelphia metro area, aspiring business leaders can center themselves in a growing market at the center of United States history and global trade. We’ve rounded up some of the area’s top MBA programs that offer a concentration in international business, allowing students to gain specific knowledge and skills to make an impact in the global economy.
Fox School of Business – Temple University
Consistently rated one of the top business schools in the country, the Fox School of Business at Temple University offers students a number of opportunities to gain skills and earn a degree in the field of global business. The Global MBA program, based in Philadelphia, is taught by world renowned faculty and is designed to provide an experiential education in international economics, with live consulting, internship and professional development opportunities. Additional programs like the MBA from Temple University Japan in Tokyo and the EMBA at Temple University Paris offer further opportunities for students to gain a hands-on global experience with a strong business background.
Lerner College – University of Delaware
The MBA at University of Delaware’s Lerner College of Business gives students the opportunity to concentrate in international business, providing the solid business background they will need to effectively conduct business in a global environment. In addition to U.S. citizens looking to expand their knowledge in international business and help their organizations to expand overseas, many students in the Lerner MBA program are international, returning home with a deep understanding of U.S. customs and the ability to navigate business across borders.
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Rutgers School of Business, Camden
Students interested in concentrating in International Business and Operations can do so at the Rutgers School of Business by pursuing a number of electives in the field. Students can take a number of electives in the fields of International Business and Operations Management to complete the concentration, including courses like: International Management, Global Operations Information Technology, Global Marketing Strategy, and International Study Abroad in countries such as South Africa, France, and Brazil.
Smeal College of Business – Penn State
While the Smeal College of Business at Penn State does not directly offer a concentration or major in international business, it is an available as an option. At Smeal, options constitute a briefer but still targeted study within a particular area, allowing students to gain a deeper education in Global Business while still receiving the more general education of an MBA.
The Wharton School – University of Pennsylvania
The Wharton School at UPenn, well-known as one of the top business schools in the world, provides students the opportunity to pursue a joint MBA/MA in International Studies. The MBA/MA Lauder Joint-Degree provides students a range of resources and educational experiences in global business, such as the Global Knowledge Lab, which involves students working together as a team to produce a thorough research paper/master’s thesis. The program also includes two short global immersions and an optional ten-day trek called Culture Quest, organized completely by students in the program. The six areas of concentration students may choose to specialize in include: Africa, East and Southeast Asia, Europe, Latin America, South Asia, the Middle East, and North Africa.
How Philadelphia MBA Programs Help Lower-Income Applicants
Compared to Philly’s east coast metropolitan peers, its cost of living is laughably low. Additionally, Philly has all of the advantages of being located smack dab between DC and NYC. Although Wall Street has long since displaced Philly as the American center for banking, much of that infrastructure and tradition remain, which helps Philly maintain its status as a major economic powerhouse in the 21st century.
Since, according to Philly Mag, Philadelphia has one of the fastest growing millennial populations in the country, the city has creativity and energy that permeates every sector. All of these factors make Philly the perfect place to launch a career.
For low-income students looking to pursue an MBA in Philly, we’ve compiled a list of what some of Philly metro’s top schools are doing to help students fund their higher education.
Fox School of Business — Temple University
The Fox School of Business at Temple University has a variety of options for students looking to finance their MBA. In fact, according to the school’s website, 60 percent of first-year Temple students receive need-based aid each year. On average, first year students receiving need-based aid are awarded $15,000 toward tuition. Fox carefully assesses the applications of all incoming students, and the school distributes merit-based scholarships for those who demonstrate particular promise. There are also specific financial perks for Temple alumni coming into the MBA program. These students are not required to pay an application fee and receive a five percent tuition scholarship.
JUST FOR YOU: Fox Temple EMBA Jumps in New Financial Times Ranking
Lehigh University College of Business and Economics
The Lehigh University College of Business and Economics provides a some merit-based scholarships to helps students fund their education. Awards are determined by the Committee on Financial aid. The committee considers an applicant’s undergraduate record, test scores, and work experience. Scholarships include the Dean’s Scholar, which offers extremely promising students a full ride plus a $10,000 living stipend.
Lehigh also has a number of Director’s Scholars, who may receive awards anywhere from $5,00 to full tuition. Lehigh offers many other scholarships in addition to need-based financial aid specific that varies depending on the MBA track.
LeBow College of Business — Drexel University
When considering Philly Metro MBA programs that provide resources for low-income applicants, it would be remiss not to mention Drexel’s LeBow College of Business. At LeBow, an impressive 82 percent of full-time MBAs get aid that amounts to 62 percent of tuition. Additionally, nearly 70 percent of full-time students benefit from grants that covered about one fifth their tuition. Drexel also offers merit-based scholarships. Additionally, the school offers the URM Scholarship, which offers supplemental fiscal gifts to underrepresented minority students.
Smeal College of Business — Penn State University
Penn State’s Smeal College of Business has a large number of MBA alumni-funded scholarships that are awarded based on academic achievement, work history, and how well students fit into the Smeal program. Around 20 percent of incoming students receive $5-10,000 awards. There are fellowships for specific groups of students, including the Powerful Women Paving the Way Fellowship which is awarded to promising women, and the Maimuna Mijindadi Anyone Memorial Fellowship, for students of Nigerian descent.
The Wharton School — University of Pennsylvania
Students who apply to Wharton are automatically considered for fellowships that offer some level of financial support. Students also have the option of applying to any of over 700 external fellowship programs. Wharton students can also apply for private or federal loans.
The Ivy League business school offers a litany of scholarship opportunities for incoming and current students, from the American Association of University Women, to the Instituto Ling Scholarship Program for international applicants, among others.
Additionally, Wharton hosts a positively booming array of fellowship opportunities, including some of MetroMBA’s favorites, like the Forte Fellowships program and the Reaching Out LGBT MBA Fellowship.
For more information on Wharton’s many financial assistance opportunities, click here.
Philadelphia or Boston? Where’s the Best Place to Earn a Part-Time MBA
If you are interested in pursuing a degree in a diverse East Coast city, want to be surrounded by history and culture, and still immerse yourself in growing business community, two main cities come to mind: Philadelphia and Boston.
Both cities are at the center of U.S. history, and continue to be some of its largest centers of commerce and academia, with numerous opportunities to put its stellar education to work.
Surrounded by so many possibilities for professional development, an MBA student in a city like Philadelphia or Boston may not want to put their career and income on hold to pursue a full-time degree.
Thankfully, many of the business schools in Philadelphia and Boston offer part-time MBA programs, allowing students more flexibility as they kick off their careers in these exciting cities. But how to decide which one? We’ll take a look at some of the top part-time MBA programs in each metro to help you choose the right city for you.
Location
Once the capital of the United States, Philadelphia has never stopped being a center of both business and history since the time it played host to the country’s founding fathers. Home to some of the oldest and best universities in the country, Philadelphia has experienced a renaissance in recent years as young talent has become priced out of more expensive metros like New York City and Washington DC. The cost of living in Philadelphia remains fairly low, while the ever-growing business scene in the city offers the opportunity for high earning potential. This year, 14 Philadelphia-area companies made the Fortune 500 list.
Like Philadelphia, Boston has been a center of commerce and trade since the days of the Boston Tea Party. Today, the city is home to nine Fortune 500 companies, including major established firms like GE (13th on the Fortune 500 list) and newer but thriving businesses like Wayfair. However, Boston has a much higher cost of living than Philadelphia. The city currently ranks as the third most expensive city in the country.
Programs
Between the Wharton School of Business and the Harvard Business School, Philadelphia and Boston offer two of the most highly regarded MBA programs in the country. However, both of these schools only offer full-time MBA programs. Students looking for more flexibility in their schedules still have a number of stellar programs to choose from.
Most of the part-time MBA programs in the Philadelphia metro work on a hybrid structure, allowing students to take a combination of classes both online and in person. Many programs also offer students the chance to select majors or concentrations in which to specialize their business education. With a variety of possible concentrations at some of the most highly-ranked part-time programs in the country, students from these programs have gone on to find employment at major firms like DuPont, KPMG, and JPMorgan Chase.
Part-Time MBA Programs in Philadelphia Include
- Lehigh University College of Business and Economics
- Fox School of Business – Temple University
- La Salle University
- LeBow College of Business – Drexel University
- Lerner College – University of Delaware
- Rohrer College of Business – Rowan University
- Rutgers School of Business, Camden
- Villanova School of Business
- West Chester University
Like Philadelphia, Boston’s part-time MBA programs offer more flexibility for students to complete their degree on their own time. Most courses are offered in the evening or on weekends, and can be taken over the course of just two years or up to seven. Programs like the MBA at D’Amore-McKim also give students the opportunity to concentrate in fields such as Corporate Finance, Corporate Renewal, Entrepreneurship, and more.
Part-Time MBA Programs in Boston Include
- Carroll School of Management – Boston College
- D’Amore-McKim School of Business – Northeastern University
- F.W. Olin Graduate School of Business – Babson College
- Questrom School of Business – Boston University
- Sawyer Business School – Suffolk University
- Simmons School of Management
Cost
The tuition costs can vary from program to program, and can also be cheaper if the part-time program is competed online. On average, programs in the Philadelphia metro area can range from $45,000-$65,000 for the degree. The range of costs in Boston can be slightly higher, with some students spending up to $95,000 over the course of their degree.
Jobs
Although the cost of an MBA in Boston may be slightly higher than Philadelphia, the difference in average salary between the two cities may even out concerns of cost. In Boston, the average salary for someone with an MBA degree in a field like finance is $112,000, whereas in Philadelphia it is only around $90,000 per year.
The Top 5 Reasons Diversity MBA Conferences Should Be on Your Recruiting Calendar
Pictured above: Tuck second-year MBA students Bianca Goins, Sadé Lawrence, and Jodine Gordon.
More than 10,000 MBA students, business school representatives, recruiters, and business executives filled the Pennsylvania Convention Center in Philadelphia late last month for one of the largest career conferences serving minority professionals. The conference has been around since 1970, but for the first time this year the National Black MBA Association (NBMBAA) and Prospanica, the association of Hispanic professionals, joined forces to present it. The result was an incredible opportunity for attendees to network with companies and each other, take advantage of career development programming, and interview for and secure job offers from hundreds of companies spanning multiple industries.
Cornell’s S.C. Johnson Graduate School of Management had a group of approximately 55 students attend, a mix of first-year and second-year students, according to Cynthia Saunders-Cheatham, Executive Director of Johnson’s Career Management Center.
“It was double what we have had in recent years, and perhaps the largest attendance we ever had for an MBA diversity conference,” she said. “Having a joint NBMBAA/Prospanica conference, in addition to the Philadelphia location that was driving distance away [from Ithaca, NY, where Johnson is located], helped to drive attendance.” The connections that students made while there have already resulted in multiple job offers, she added.
While securing a job or internship is a primary reason many MBA students choose to attend the National Black/Prospanica conference and others like it, that’s just one of many potential benefits events like this offer. Given that this most recent conference was right here in our hometown of Philadelphia, we went to check things out for ourselves. Through conversations with attendees, school representatives, and recruiters, we’ve compiled the following list of reasons why this year’s crop of applicants should be sure to add diversity MBA conferences to their recruiting calendar next summer and fall.
1. Unparalleled Recruiter Access—Including Many That Don’t Come to Campus
The Career Expo, which took place on the last two days of the five-day National Black/Prospanica conference, filled a cavernous hall in the Convention Center and included booths from close to 300 companies spanning dozens of industries. Among them were coveted post-MBA tech employers like Google and Amazon, consulting industry leaders including Bain & Company and Accenture, and financial services firms such as BlackRock, Bank of America, and Morgan Stanley. There was a continuous gaggle at the Google booth, and one of its MBA internship recruiters, Tanya Choudhury, had to resort to wearing a sign by the second day explaining that she’d lost her voice.
Big pharma and healthcare were also well represented, with booths attended by recruiting representatives from drug maker AstraZeneca to medical products and equipment company Zimmer Biomet and many in between. Leading consumer packaged goods (CPG) firms including PepsiCo, General Mills, and Proctor & Gamble were also there, as were oil and gas giants like BP, Chevron, and Exxon.
Morgan Stanley was one of almost 300 exibitors in the conference’s packed Career Expo.
But there were also plenty of organizations that are perhaps less top of mind as potential MBA recruiters—the Central Intelligence Agency, the U.S. Department of State, Teach for America, and USAID, for example—who were just as eager to share how highly they value the MBA skillset. Dozens of leading business schools also had booths, largely to provide support and serve as gathering places for students who were attending, but also with an eye out for promising diverse talent. For example, Roberto Martinez, a Senior Talent Acquisition Consultant for Dartmouth College—home to the Tuck School of Business—was eagerly distributing glossy handouts touting the school’s varied career opportunities, commitment to diverse hiring practices, and excellent benefits. “We’re here not only to support students but also to hire more diverse staff to campus,” he said.
For Tuck second-year MBA student Bianca Goins, the breadth of companies at the expo was a big part of the draw. “I wanted a diverse group of companies to look at in a single spot,” she said. “There are so many companies here, and as second-year you can really come and pick and choose the experiences you want to have.”
Tiffany Anderson, a second-year student at Emory’s Goizueta Business School, was also impressed by the sheer number of companies present. A self-proclaimed conference veteran, she also attended National Black last year, as well as conferences presented by the Forté Foundation, the Consortium for Graduate Study in Management, Management Leadership for Tomorrow, and JumpStart. “Out of all the diversity conferences, I would certainly say this is the flagship,” she said. “Wow! There are A LOT of companies here,” she recalled thinking to herself as she walked in. More so than last year, before National Black and Prospanica teamed up, she added.
“I have seen the most people—students from many different schools and recruiters from many different functional areas of interest,” she continued. “It seems to be the most diverse in terms of attendees, degree of programming, and companies in attendance. For the majority of people, this is going to be one of the best to attend.” Anderson estimates that there were probably 30 or so Goizueta students there, a mix of first- and second-years.
2. Multiple Touch Points and Opportunities for Face Time
For some students, certainly, the primary purpose in attending the conference is to land a job. Second-year IU Kelley School of Business MBA student Henrique Barbosa, a native of Brazil pursuing travel hospitality, had a simple answer when asked why he was there: “To get a job!” He acknowledged that most of the firms he was interested in only conduct first-round interviews at the conference followed by second-round interviews on site, which lessened the likelihood of his leaving with an offer in hand. “But it would be great if it happened,” he said.
But several other students were less interested in job or internship offers—or even in early round interviews. For Jodine Gordon (Tuck ’18), the biggest factor in her decision to attend was hearing success stories from Tuck grads whose higher-level touch points with conference recruiters later helped them secure offers. “I have a couple companies on my list, but really I just want to meet as many people as possible so they can get to know me and I can get face time,” she said.
Sadé Lawrence, also a second-year student at Tuck, was likewise attracted by the opportunity to get in front of recruiters in person. “For a lot of opportunities you might be interested in, you start online at a website, applying through data base,” she said. “But coming here they now have a face with your name, and there are all kinds of organic connections that can happen,” she added. “It’s kind of amazing that you are able to build connections with people even at such a big conference, but you are. You make contacts and get lots of face time—so much more so than you can blindly through a website,” she continued. “What I have heard more of is people have an interaction with a recruiter here that leads to an interview later—here is more about entering the pipeline.”
Tuck’s Goins has taken the opportunity to network with recruiters who don’t make it to Tuck’s campus, but also those who do. “With every interaction, you are getting a more nuanced understanding of the company and can take that information and use it in subsequent interactions.”
3. Valuable Chances to Network with Peers
Goizueta’s Anderson interned in operations at Google over the summer—an opportunity she got through another diversity conference—and has been offered a full-time position on the tech giant’s Mountain View campus after she graduates. Despite having that full-time offer in hand, attending the conference still made lots of sense.
Kelley School second-year student Luis Vilchez Kupres, a native of Peru, also converted his summer internship—in supply chain operations at Cummins—into a full-time offer. So his reasons for attending the conference were not to get a job. ”I am here to support fellow Kelley first- and second-years and network a little more,” he said. He also gets to reconvene with students from other schools he met at last year’s Prospanica conference. “Often, you connect with somebody and they will help you connect with someone else,” he said. “Networking definitely helps—even among other MBA students.”
Tiffany Anderson, Goizueta MBA ’18, a diversity MBA conference veteran
For the Google-bound Anderson, the value of peer networking can’t be stressed enough. Being able to connect with students from other schools is the part she finds most enjoyable—but it’s also strategic. “When candidates are selecting a school they like to look at the size of the network they are going to get—and that’s great,” she said. “But the way I see it, I don’t have to be at Stanford or Wharton because I have friends at Stanford and Wharton. So in a way that’s kind of my network, too.”
“You have that domino effect,” she continued. If she’s trying to connect with someone at a company where she doesn’t have a contact or her classmates don’t have contacts, she can reach out to a friend at another school to see if there’s someone in their network. “Some might say, ‘Well, they’re a peer, they’re not an employer, they’re not going to get me a job.’ But there is so much more benefit to expanding your network. I don’t think everyone understands that.”
Of course, peer networking can be a two-way street. “My motivation to expand my network comes from wanting to help others as well,” Anderson said. “When you are part of these diversity networks, one of the great things is you are going to have a friend who says, ‘Do you know someone who can help me with this?’ And I can say, ‘Well, I met someone at a conference who does that very thing and I’m happy to put y’all in touch.’”
Finding the Best One Year MBAs in Philadelphia
Most applicants pursuing a one-year MBA generally know which industry or area of concentration they want to pursue. They are MBA candidates who want to advance their current careers, not switch them. Others chose the one year route because it can be difficult to leave two years of work and salary. If you’re a prospective MBA in the Philadelphia metro looking to make moves within your industry, we’ve outlined some of the best one year MBA options available. Continue reading…
