Facebook Tops Glassdoor’s 100 Best Places to Work List
Employer review website Glassdoor, which allows users to read anonymous employee testimonials about employers, has revealed its annual “Best Places to Work” list, with familiar MBA recruiters Facebook, Bain & Co, and Boston Consulting Group (BCG) earning the top three spots.
Why Facebook?
Since 2011, the social media empire has been one of Glassdoor’s most praised companies to work for, earning a top five spot seven out of the past eight years, including three number one overall awards. Facebook employees are often given extensive benefits, including four months of paid maternity leave—a policy often considered a luxury in the U.S., which has no legally mandated paternity leave policies for employers. As well, earlier this year, Facebook COO Sheryl Sandberg announced the company would implement paid sick time for employees and family members.
With increasing revenue streams, the company’s hiring numbers have continued to swell, with nearly 19,000 employees as of earlier this year—a 38 percent jump from March 2016 to March 2017. In fact, just this week, the company announced it will be adding 800 more jobs at its new London office.
Data via Facebook, graphic by The Atlas/via Quartz.
Of course, the central pitch to work at the social media monolith may be predicated on the payment of employees. According to Paysa, the average Facebook salary is north of $250,000 annually, combining base pay, bonuses, and equity. Most jobs at the company start at, at least, $70,000 USD annually, with business management roles starting at $135,000.
The company has also made a concerted effort at diversifying its hiring. Speaking with Forbes, Lori Goler, vice president of people, said, “Diversity is critical to our mission at Facebook, because we serve a community of 2 billion around the world, and of course there’s diversity in that community.”
The company, according to Forbes, employs between 33 and 35 percent women, and there has been considerable gains among women employed with computer science and engineering backgrounds, as well as a 500 percent increase in employment among those of African descent since 2014. In the interview, Goler added, “We’re nowhere near where we want to be, but we’re at least hearted to see that at least we can make some progress.”
Check out Facebook’s graduate student recruitment page here.
Consulting Companies Still Reign
While certain statistics indicate a wave of MBA grads may be leaving consulting in favor of tech-centric employers, as evident by the recently released Northwestern University Kellogg School of Management employment report, consulting companies are remain one of the primary targets for MBA students and graduates, and for good reason.
Bain & Co., like Facebook, has been endlessly praised by Glassdoor reviews, ranking among the top four best places to work every year since 2009. Like most of the companies on the year-end list, Bain offers ample benefits, including several months of paid maternity leave, comprehensive vacation and insurance policies, and one of the world’s best 401K offers. Fellow Boston metro company BCG also officers a considerable parental leave benefits package, retirement planning, and lofty salaries.
Inside the New York City BCG office/Photo via BCG.
Like Bain, BCG makes a concerted effort to bring in incredibly comparable MBA graduates, recruiting students from multiple prominent business schools like The Wharton School, NYU Stern, Columbia Business School, and many more.
Some Traditional Companies Remain Steady, While Giants Like Apple Stumble
Tech empire Google, not surprisingly, held its place among the top 10 companies—having never fallen lower than eighth overall since 2012. Just outside of the top ranking companies, McKinsey & Co. stayed within the top 20, while other notable heavyweights like Microsoft (39th), Capital One (69th), Deloitte (77th), Accenture (83rd), and Apple (84th), the world’s most successful consumer company, fell to the lower ends of the list.
Despite having the second most profitable year in company history, falling shortly behind it’s 2015 figures, Apple has been steadily dropping down Glassdoor’s annual Best Of list, posting its worst standing in the history of the ranking—nearly 50 spots worse than last year’s ranking of 36th overall.
Considering, however, that the annual ranking is comprises of over 500,000 companies, this drop may not be as serious as it would appear. The overall Glassdoor rating for Apple was 4.3, in contrast to Facebook, which boasts a current 4.6 rating. The average Glassdoor rating for employers, for context, is 3.3.
Some Surprises
Not every company included in the Glassdoor Best Of list could be considered a traditional MBA recruiters, including beloved U.S. west coast fast food chain In-N-Out Burger (fourth overall), growing athletic leisurewear empire Lululemon (sixth), wine company E. & J. Gallo Winery(14th), Delta Airlines (17th), and The Church of Jesus Christ of Latter-day Saints (19th), which provides “Excellent dental and medical coverage,” according to an anonymous employee. Plus, “you work with people who don’t swear.”
For a more extensive overview of the methodology behind the ranking, click here.
Georgia Tech Scheller EMBA Ranked Among Best in the Country
The most recent rankings from the Financial Times places Georgia Institute of Technology Scheller College of Business‘ Executive MBA program among the best in the U.S.
Each year, The Financial Times compiles a list of the top 100 Executive MBA programs throughout the country, evaluating each program on a number of important features. Among the top business news organizations in the world, Financial Times determined their ranking through alumni surveys that looked at factors such as career progression, international reach, salary growth, and faculty credentials.
“I am pleased that the Financial Times has recognized Scheller College EMBA program’s commitment to our students and their achievements,” Scheller Dean Maryam Alavi said of the ranking. “The EMBA program excels in developing business leaders who are innovative, entrepreneurially minded, analytically skilled and who succeed at the intersection of business and technology.”
In the 2017 ranking, the Scheller EMBA was recognized as the top Executive MBA program in Georgia and the 15th best program in the United States. For facilitating career progress, the program was named second best in the U.S. and seventh best throughout the world.
The EMBA program at Scheller is nationally recognized for its career development program, which offers 1:1 coaching and advising, as well as providing many opportunities for executive networking and development workshops. The program, which takes 17-months to complete, offers specializations in the fields of Global Business and Management Technology. The program is offered exclusively on weekends, allowing up-and-coming professionals to continue their careers while earning their degree.
Vault’s Top Investment Banks for MBAs to Work for in 2018
While a career in investment banking may not be as highly sought after anymore among MBAs, it’s still a fairly popular option. And according to a U.S. News interview with Jeff McNish, Assistant Dean of the Career Development Center at the University of Virginia’s Darden School of Business, investment banks and consulting firms are raising their compensation offers to draw in more students. These companies are willing to pay a premium to draw MBA talent. The question is, which are the best investment banks to work for?
Vault Banking 50 recently released its annual ranking of the best investment banks in North America. The list was compiled through a survey of 2,400 banking professionals and used a weighted formula to review such issues as quality of life—including culture, satisfaction, work/life balance, training, and compensation—and overall prestige.
This year, Goldman Sachs took the #1 spot—with a score of 8.380—maintaining its title of “best investment bank to work for.” Coming in at a close second was Evercore (8.311), followed by Centerview Partners (8.308), and Morgan Stanley (8.114).
The top 10:
- Goldman Sachs
- Evercore
- Centerview Partners
- Morgan Stanley
- Moelis & Company
- Greenhill & Co.
- Lazard
- Perella Weinberg Partners
- Bank of America
- PJT Partners
Goldman Sachs Still #1
This was the second year in a row that Goldman Sachs took the top spot, with survey responders saying such things as: “The firm is extremely focused on improving work/life balance. In the time that I’ve been here, I’ve seen a tremendous difference, not only as a result of formal policies but also in the culture and mindset of those who work here.”
Respondents also said that Goldman Sachs provided workers with various benefits including “exposure to talented, thoughtful, respectful colleagues” and “challenging, intellectually stimulating assignments.” Even respondents at Goldman Sachs’ competitors had mostly nice things to say. They called the firm “a finance machine” and “the gold standard.”
Other elements that set Goldman Sachs apart include its protected-weekend-day policies for junior bankers, no-working-past-midnight policies for interns, and fast-track promotions. It was also one of the first banks to provide a modern performance review system as well as to implement video interviews during on-campus recruiting.
Other Investment Banks Making Waves
As for Evercore, it rose two places in 2018 from #4 to #2. Much of its rise in placement was due to its increase in prestige as well as the company’s focus on a better working environment for its employees. In fact, Evercore came in first place in two areas: formal training and informal training.
As for what some of the survey respondents had to say about Evercore: “We have an outstanding, very teamwork-oriented, and collaborative culture. The firm is filled with very intelligent people treating each other with respect and working together to give clients the best advice possible. The atmosphere is very positive—lots of high fives on wins and no dressing-down calls if you miss a piece of business.”
In third place, Centerview Partners is a small boutique investment banking firm. Insiders stated that the firm is filled with “extremely talented, smart, and thoughtful senior bankers” and that “deal opportunities are unparalleled.”
Another boutique investment bank to make it to the top of the list was Moelis, which ranked fifth. The firm rose four places this year thanks to its “great culture” and “smart dedicated people.”
Investment Banks Focused on Diversity
The Vault Banking 50 also measured firms’ focus on diversity. Loop Capital Markets led the way for the second year in a row, coming in first for overall diversity, minority diversity, female diversity, and LGBT diversity. However, following close behind were Evercore (which placed #2 in overall diversity, female diversity, and minority diversity) and Goldman Sachs (which placed #3 for overall diversity, minority diversity, and LGBT diversity).
To see the full report, visit the Vault.com.
This article has been edited and republished with permissions from Clear Admit.
Rady Makes ‘Top 50 Best Value Big Data Graduate Programs’ List
Are you into big data? How about vivid sunsets? The Rady School of Management at the University of California at San Diego might be right for you, then. The school ranked 11th in the United States for Value Colleges‘ “Top 50 Best Value Big Data Graduate Programs” list.
The honor goes to Rady’s Master of Science in Business Analytics degree, in particular. Its first class graduated this year, so this ranking is also the program’s first, according to a press release. If you’re set on San Diego and data, Rady offers the only business analytics degree in the city.
Value Colleges writes:
Another of California’s Public Ivies, UC San Diego is a globally-respected research university with over $1 billion in research budget and faculty who have won every major academic award out there. Their computer science, engineering, and business graduate programs are recognized world-wide, as is their value. UCSD’s Rady School of Management offers a Master of Science in Business Analytics degree that focuses on data collection, analysis, and use for businesses of all kinds. Rady’s connections to the business world of San Diego can also be a major asset for graduates entering the job market.
Data experts are all the rage these days. Every successful business needs someone crunching the numbers and figuring out how to effectively communicate any patterns and outcomes. If trends continue, the numbers look bright: businesses will need 1.5 million more managers and business analytics by 2018, according to Rady reports.
Value Colleges says that big data is “the fastest growing job market you’ve never heard of.” It was sure to rank based on how the program balances technical computer skills, business and marketing knowledge, and statistical analysis. And of course, also on affordability and job marketability.
The universities included must be regionally accredited institutions with “proven reputations.” That’s UC San Diego, for ya’.
USD Named Most Beautiful Campus in U.S.
When considering where to go to school, most students look at the professors, course offerings, location and the student body, among other factors, that would have the greatest impact on their educational opportunities. But underneath the raw statistics, there’s always one aesthetic factor to consider: the beauty of the campus. According to the Princeton Review’s 26th edition of “The Best 382 Colleges,” the University of San Diego is the “Most Beautiful Campus” in the U.S. Continue reading…
Washington Business Ranked Best in U.S. for 2017
For 11 years, CNBC has ranked the nation’s states to determine which are the most economically competitive. After months of data analysis—reviewing more than 60 measures of competitiveness from taxes to regulatory climate and quality of the workforce—Washington came out as “America’s Top State for Business in 2017.” Continue reading…
