Finding the Top MBA Employers in Washington DC
Students interested in earning an MBA and working in Washington DC will find no end to the opportunities available. Whether you are looking for opportunities at a governmental agency, a local business, or a massive international retailer, Washington DC—with 15 companies making the Fortune 500 list this year—can provide the perfect environment for MBAs at the start of their careers.
Top MBA Internship Opportunities in the London Metro
As a center for global commerce and business, London is one of the top cities in the world to earn an advance business degree and secure an MBA internship. Continue reading…
MIT Hackathon Yields Planned Parenthood for Substance Abuse – Boston News
Let’s explore some of the most interesting stories that have emerged from Boston business schools this week.
Planned Parenthood for Substance Abuse Idea Wins MIT Enterprise Management Lab Hackathon – MIT Sloan Newsroom
MIT Sloan’s 2018 Enterprise Management Lab hackathon recently came and went. This year’s winning concept applied Planned Parenthood’s business model to substance abuse in an attempt to creatively address the ongoing American opioid crisis.
The idea extended substance treatment to include support for friends and family and offer “a one-stop shop for information” to “government entities, nonprofits, hospitals, and rehab clinics.” Kyle R. Chapman, MBA ’19, and member of the winning team, writes:
“We knew a lot of people would try to solve the problem by going upstream. A smart pillbox might address part of the opioid crisis, but the problem is that’s only attacking one point of a really systemic problem.”
Learn more about this year’s hackathon winner here.
Trending Topics in Marketing and Media – Sawyer Business Blog
Sawyer Business School at Suffolk University recently recapped its recent Bridging the Gap seminar, which offered a platform for Boston marketing and media pros to highlight a number of key industry issues for students, including the impact of data privacy on digital advertising; voice-activated devices; and strategies for building brands in the modern era.
Ereni Markos, associate professor of marketing and co-organizer of the event, writes:
“It’s especially important for all of us in the Marketing Department to bring real-world expertise to the Suffolk community and, in turn, for us to share our thinking from the classroom and working with students. Networking is crucial for students to build their professional network early on in their careers.”
You can read more about the seminar here.
Lessons from Tim Ryan ’88 of PwC – Babson Blog
Babson College recently hosted a guest lecture from Senior Partner and Chairman of PwC US Tim Ryan ‘88, who used his talk to highlight three key bits of advice that touched upon respect, reputation, and recognition. He also spoke extensively with the Babson blog after his appearance about what diversity and inclusion means to him.
“If we don’t truly understand one another, we’ll never be the most inclusive workplace in the world. Outside of family, work is where we spend the most amount of our time. It was a catalytic moment, after over a decade of investing in programs, trainings, studies, and testing, when we realized that the baseline of talking and communicating was missed.”
Read more from Babson’s talk with Tim Ryan here.
Philly’s Fastest MBA Programs
You’re education is important—but so is your time. And for those looking to earn an MBA to accelerate their job growth or fast track their careers, the faster you can earn that degree the faster you can get back to earning money and making an impact in your field.
Most business schools offer a variety of MBA programs for students to choose from, allowing everyone from recent graduates to experienced executives the flexibility to choose a program that best fits into their life and schedule. For driven students who just can’t wait to reap the benefits of their MBA, many schools offer accelerated or One Year MBA programs that shortens the traditional length of time it would take to earn an MBA. While the curriculum can be rigorous, the programs give students the chance to quickly earn their degree, both minimizing the amount of money spent on classes and the income lost from not working full time.
In Philadelphia, there are a number of programs that allow you to go from applicant to degree holder in as little as twelve months. And since a 2017 study ranked Philadelphia as one of the five most-improved economic cities in the U.S., you won’t want to miss your chance to reap the benefits of this economic boom with your degree in hand.
The Fastest Philadelphia MBA Programs
Fox School of Business – Temple University
The Temple University Fox School of Business Executive MBA is one of Philadelphia’s quickest and most flexible MBA degrees. The program takes place over the course of 16 months, with classes delivered on one three-day weekend per month. The program is designed for experienced professionals who want to pursue their degree without giving up their career, and is constructed to accommodate a full-time work schedule.
For those looking for a quick MBA without the ten or more years of work experience an EMBA requires, Temple Fox’s Online MBA can be earned in just 20 months. Outside of one week-long residency at the start of the program, the digital aspect of this degree gives students not just time flexibility but also location. After the residency, this program can be pursued from pretty much anywhere!
LaSalle University School of Business
The School of Business at LaSalle University offers a One-Year MBA program for students with undergraduate experience in business. Knowing that important business pre-requisites for the degree are already out of the way, students can jump right in and earn their MBA in as little as 12 months.
The AACSB accredited One-Year program is an intensive degree program that requires students to take a full course load for the fall and spring semester as well as working through a winter intersession and summer semester. Students in this program also have the opportunity to specialize their degrees in the fields of accounting or finance, and will help prepare graduates to take the CPA and CFA exams by the end of the year. Students will also be paired with an academic adviser throughout the year who will help plan for their future careers. And the success of past graduates of the One-Year MBA program seems pretty clear, joining major companies like Deloitte LP, KPMG, PwC, and JP Morgan Chase, among others.
The La Salle One-Year MBA is among the fastest MBAs you can earn in any major East Coast city.
Haub School of Business – Saint Joseph’s University
The MBA at Saint Joseph University’s Haub School of Business can be completed in as little as one year for students who meet certain undergraduate requirements. Students can pursue this degree in a variety of ways, whether on campus or online, and whether full or part-time. Regardless of format, the MBA at Haub gives students the option to choose major for their degree, among high-demand disciplines like marketing, data intelligence, finance, international business and more.
The overall data which shows that those with an MBA earn more and have more career opportunities most certainly rings true for graduates of Haub’s MBA program. Nearly 76 percent of graduates said their SJU MBA helped their career advance, and 73 percent reported a salary increase as a result of their graduation. With the chance to limit the time of an SJU MBA to just 12 months, students can work their way to these benefits even faster.
Lehigh University College of Business and Economics
The 1-MBA at the Lehigh University College of Business and Economics is a full-time, one year MBA program designed for professionals looking to either accelerate their career or looking to change careers and move towards a business-related field. The rigorous program, which is located all on campus, cuts the time it takes to pursue a traditional Lehigh MBA in half.
Unique benefits of the 1-MBA at Lehigh include a team of mentors and coaches assigned to students even before they arrive on campus, including a faculty adviser, industry mentor and career coach who will help guide students through their year-long program. The program is also centered around a consulting practicum, which both trains students in practical skills for consulting and provides hands-on experience in the field. The 1-MBA program also focuses intensely on the professional development of every student in the program, offering personalized coaching and global immersion study opportunities that can help shape and prepare students for future business success.
What Are The 5 Highest Paying Consulting Firms in the World?
“Is this going to be worth it?”
If you are currently or have ever considered earning an MBA degree, it’s likely that you’ve asked yourself this question. Given the burgeoning cost of tuition—especially for top business programs—plus the loss in income and cost of living while pursuing your education, it’s a fair question to ask. Does it make sense to invest this sort of money into your education with no guaranteed result?
Of course, many of the benefits of earning an MBA simply can’t be quantified and boiled down to raw numbers. The new opportunities created through study abroad or case competitions, the expansion of your professional network and chance to connect with industry professionals. All of these considerations can make it difficult to ever truly gain perspective on an MBA degree’s worth.
Thankfully, there are some areas where the numbers still do the talking. In particular: post-graduate salary. This is one of the easiest and simplest ways to see the true value of an MBA. And it’s not just helpful to look at the increase in salary after earning an MBA—it can be just as enlightening to see the difference in post-graduate salary for various MBA concentrations. This data can help you make important choices about what kind of path you’d like to pursue while earning your MBA, and how to make the most out of the time and money spent on your education.
U.S. News & World Report found found that strategy, while one of the least popular MBA concentrations (chosen by just 4.3 percent of business school students), led to some of the highest paying jobs after graduation. Since students concentrating in strategy typically go into jobs at consulting firms following graduation, they are more likely to earn high salaries that can help increase the overall value of their degree—not to mention pay off their student loans much faster.
For students looking to increase the worth of their MBA with a high-paying job in consulting, we’ve rounded up the highest paying firms in the consulting industry. Working towards careers in these top companies will guarantee that the answer to “is this going to be worth it?” will always be “yes!”
The 5 Highest Paying Consulting Firms
Formerly known as Ernst & Young, EY-Parthenon is one of the top paying consulting firms for MBA graduates. The company is headquartered in London, England, with more than 250,000 employees at offices throughout the world. EY is known as one of the “Big Four” accounting firms, joining Deloitte, PwC, and KPMG as the four largest professional services networks in the world. Last year, EY was also named 29th on the “100 Best Companies to Work For” list from Fortune.
According to Business Insider, EY-Parthenon employees with just an undergraduate degree make up to, on average, $110,000 annually, including base salary, signing bonuses, and extra incentives. Management Consulted data found that MBA grads earned an astounding base salary of $170,000 at the company. That figure doesn’t include signing bonuses, relocation expenses, and more.
Founded in 1926 by University of Chicago economics professor James McKinsey, McKinsey & Company has transformed into one of the world’s most iconic consulting empires. The company has opened in more than 120 global cities, employing more than 14,000 consultants—many of which comes from prestigious MBA institutions.
According to Management Consulted data, McKinsey & Company is the second-highest paying consulting firm in the world for MBA grads, with offered base salaries coming in at $152,000. With an added potential performance bonus of $35,000, those figures can rise to $187,500 in just one year.
Strategy& has grown exceedingly since its beginnings as Booz & Company in 1914. One of the top global strategy consulting firms in the country, the company now has 57 offices throughout the world, revenue upwards of $1.3 billion, and 3,000 employees. Nearly a century after their founding, in 2013, the company was acquired by PricewaterhouseCoopers (PwC) and officially renamed to Strategy&.
The company comes in third overall among for annual base compensation for MBA grads, at a lofty $152,000. The company also offers one of the most unique and lucrative retirement funding options for consulting employees, with 6 percent of base salary and bonuses matched for its 401k plan.
L.E.K. is technically the youngest company to make the top five, which was founded in the early 1980s by former Bain partners James Lawrence, Iain Evans, and Richard Koch. Headquartered in both Boston and London, L.E.K. is also the smallest company on this list, with around 3,000 employees.
Despite its size and relative newness in comparison to many of the other companies on this list, L.E.K. pays its employees more-than-handsomely, offering a tempting base salary of $150,000 and upwards of $25,000 in performance-based potential incentives.
Bain & Company, headquartered in Boston, Massachusetts, is a global management consultancy firm providing advice for public, private, and non-profit organizations. Along with the Boston Consulting Group and McKinsey & Company, Bain & Company is one of the “Big Three” firms. Founded in 1973, Bain & Co. today has more than 8,000 employees throughout the world and an estimated revenue between $3.7 and $4.5 billion.
Bain offers its recently employed MBA grads a starting base salary comes in slightly above aforementioned Deloitte employees, snagging $148,000 per year, which can grow to $185,000 in total compensation.
Honorable Mentions
The Boston Consulting Group, founded in 1963, now has more than 90 offices in 50 countries, advising clients throughout the private, public, and not-profit sectors.
The Massachusetts institution offers its MBA graduates right around the same compensation as Bain & Co, the companies unofficial direct competitor. Base salaries come in around $147,000, but massive (and we mean massive) bonus incentives can bring that total up to $191,100.
Another one of the “Big Four,” Deloitte has witnessed non-stop growth since its founding in 1845. Today, the firm makes more than $38.8 billion USD in revenue with roughly 263,900 employees throughout the world. As of 2016, Deloitte was ranked as the sixth largest privately owned organization in the U.S. The firm’s offerings span across audit, tax, consulting, financial advisory, and enterprise risk services, with offices across the world in cities like Los Angeles, Tokyo, Madrid, Tel Aviv, and many more.
Management Consulted data found that MBA grads at Deloitte reported a base salary slightly smaller than its aforementioned contemporaries, pulling in $140,000 per year. Deloitte separates itself from its competition by offering returning interns a potential to pay for the send year of their MBA education in the form of reimbursement.
Top MBA Recruiters: Finding Your MBA Career at PwC Firm Strategy&
Navigating job applications and interviews after all the hard work of earning your MBA can be tiresome. After devoting a year or more of your time to gaining the skills of a top business professional, shouldn’t future companies be knocking down your door?
It might not be that easy, but there are certainly a number of companies currently seeking the best and the brightest up-and-coming business leaders, who acknowledge the kind of skills an MBA can contribute to their team. Among them is Strategy&, one of the top recruiters of MBA students at business schools throughout the world.
For MBA graduates looking for careers in the consulting industry, Strategy& could be the perfect opportunity to break into the field and develop critical skills in strategy and consulting. And as an MBA graduate with a wealth of knowledge within the industry, companies like Strategy& are probably also looking for you.
About Strategy&
Strategy& was established more than 100 years ago by Edwin G. Booz, eventually being known for most of its life as Booz & Company. In 2014, the firm was acquired by PricewaterhouseCoopers (PwC), when it was renamed to Strategy&. The firm is headquartered in New York City, with more than 57 offices throughout the world. Today, the company features roughly 3,000 employees and more more than $1.3 billion in revenue.
Strategy& functions currently as the strategy consulting team for PwC, offering strategic solutions in an uneven business climate, helping companies to transform, invest in growth, and stay in tune with business trends even through rapidly changing times.
Why MBAs Love Strategy&
Strategy& is an active recruiter from business schools around the world, including top programs like Harvard Business School, NYU Stern, and INSEAD, among many others. The company is also supportive of staff who have not yet earned an MBA but hope to advance their business education. Strategy& even offers junior staff the chance to apply for full MBA sponsorship, and provides flexible work opportunities so students can pursue a degree while still maintaining their career.
The Strategy& consulting experience is shaped in a way that relies on mentorship, with a 1:6 ratio of partners to junior consultants. For MBA students—who have already demonstrated an interest in investing in their growth and education in the field—this type of setting means that class is always in session.
Life at Strategy&
New consultants at Strategy& can expect a clear and structured path laid out at the start of their career, with rapid career progression possible. New associates will advance towards roles as partners, typically spending two to three years at each level along the way.
While undergraduates would begin in associate roles, those with MBA degrees can jump right in at the senior associate level. Senior associates have the opportunity to develop their skills by working closely alongside clients to resolve complex issues and guide clients and their companies towards success. From there, MBAs could move upward into a manager role, then director, and finally partner.
The development of strong mentor relationships is seen as crucial at Strategy&. Mentors will provide a constant source of support for new associates, offering guidance as they move upwards through the company, choosing projects they are passionate about and forming strong professional networks. Mentors will also provide real-time feedback, helping pave the way for a successful career.
Landing a Job at Strategy&
Strategy& is an active recruiter of MBA programs throughout the country, where they may host events on campus and offer direct information to students on applying for positions at the company. Students from any program, even if the school does not actively recruit there, are able to apply directly for their internship and job openings through their website. Jobs are available at a number of the firm’s locations throughout the country and around the globe.
Summer internship opportunities are a great way for students to get their foot in the door at Strategy&, and may end up leading to full time employment. This was the case for Bryan, now a director at the company and based out of Chicago. Bryan interned for the company during the summer while earning his MBA at the University of Chicago Booth School of Business. He completed his MBA in 2011, joined Strategy& as a full-time colleague, and is now a key member of the Technology Strategy team.
“I had the opportunity to do an internship with the firm between my first and second year at business school, and I came away impressed with the caliber and character of the people at the firm,” Bryan said of his experience with Strategy&. “In only nine weeks, the camaraderie and professional bonds that I was able to develop with my teammates, fellow interns and leaders at the firm was special.”
