Top MBA Recruiters: Merck
Global health care is one of the fastest growing sectors in 2019, with Deloitte expecting spending to reach $10.059 trillion by 2022. Thanks to aging and growing populations, you can expect a greater prevalence of chronic diseases, ultimately translating to exponential advances in innovative technologies, medicines, and care.
For MBA graduates, this translates into a huge potential for job opportunities in the health care sector. In particular, there are opportunities for:
- New innovative technologies and personalized programs to engage with consumers.
- Better data security and ownership.
- Increased health care delivery and mobility.
One of the companies at the leading edge of this sector is Merck. Continue reading…
The Top Healthcare MBA Programs in California
The California healthcare industry is booming. The industry employs more than 1.4 million people across ambulatory settings, hospitals, and residential care facilities. And as the population continues to age, there’s no doubt that the healthcare industry will continue to expand.
So, it should come as no surprise that an MBA in healthcare is becoming a more popular track for future business leaders. With the industry estimated to be worth $2.26 trillion, there are many opportunities across the board. The key is to choose the right healthcare MBA.
Here are our top six California Healthcare MBA programs:
Babson MBA Alum Wins Virtual IAN Global Startup Competition for $250,000 in Funding
Finding funding for a startup isn’t easy. Not only are there few angel investors looking to fund early-staged startups, but time and distance can make it even more difficult to succeed on the fundraising path. That’s why Babson College F.W. Olin Graduate School of Business works together with the Indian Angel Network (IAN), India’s first and the world’s largest business angel network, to develop a new type of startup competition: the IAN Global Startup Competition.
“We are pleased to host such a vibrant initiative that demonstrated the breadth of talent and truly innovative ideas being created by Babson startups,” Padmaja Ruparel, co-founder of IAN and Founding Partner of the IAN Fund, says in a press release.
“For more than ten years, IAN has worked to advance the transformative power of entrepreneurship across the globe, opening the door for emerging businesses to draw on in-depth operational and strategic mentorship.”
Stanford GSB Employment Report Reveals Record Salaries & Employers
For the fourth year in a row, Stanford GSB MBA graduates earned record high salaries with the mean base salary reaching $145,559. According to the 2018 Employment Report, this broke last year’s record compensation. On top of that, this year Stanford GSB grads also received jobs from a record 421 organizations for both summer internships and full-time positions. This demonstrated the broad appeal and diversity of Stanford MBAs.
Tech and Private Equity Interest Jump
Other highlights from this year’s employment report included an increase in interest in the technology industry. In fact, in 2018 it was the most popular industry, garnering 33 percent of alumni—an 8 percent jump from last year. Other top industries included finance, which garnered 31 percent of graduates with private equity being the most sought after area with 13 percent of graduates.
Since three years ago, the percentage of women going into private equity and venture capital has doubled. As for tech, this year a record 40 percent of women chose to work in the tech industry. This shift has many explanations, not the least of which is the coursework taught at Stanford. For Ashley Brasier (MBA ’18), all it took was the class “Entrepreneurship & Venture Capital from the Perspective of Women” to change her course from consumer tech to VC.
“This class showed me that there are several different paths into VC, and empowered me to pursue VC opportunities,” Brasier says.
This year, the number of non-U.S. work-authorized students who accepted jobs in the U.S. stayed flat at 74 percent. More likely than not, this is a result of global trends that are causing extra challenges for students seeking to move locations. This was also reflected in the $12,000 median salary gap between U.S. work-authorized and non-U.S. work-authorized graduates. However, “when controlled for industry and job location, for example in emerging markets, the salary gap diminishes and in some cases disappears,” says Yossi Feinberg, the Senior Associate Dean for Academic Affairs.
Higher Salaries and Steady Job Offers
This year, MBA graduates received the highest salaries ever. The median and average base compensation ranged from $142,000 to $145,559 respectively—$2,000 and $1,000 over last year’s record. Signing bonuses also increased this year by $1,600 to a record $31,146, with an unchanged median at $25,000.
Salaries also increased when it came to cash performance bonuses. This year, 72 percent of the class said they expected a bonus over last year’s 66 percent with average expected bonuses of $64,527. As for stock compensation, 39 percent of the class—nearly two out of every five students—reported stock compensation of some kind.
“This year, 72 percent of the class said they expected a bonus over last year’s 66 percent with average expected bonuses of $64,527.”
And when it came to job offers, numbers remained unchanged. For the Class of 2018, 88 percent of the class accepted offers 90 days after graduates with 95 percent receiving offers. As for where students received these offers, a record 421 organizations hired Stanford graduates this year.
“Our leading employers span a wide variety of industries—consulting, finance, technology, consumer products, healthcare, and nonprofits—but what they have in common are work environments that offer the ability to make an impact, optimize on career development, and provide diverse challenges and responsibilities,” says Carly Janson, the Action Assistant Dean and Director of the Career Management Center.
“In turn, our graduates chose opportunities they felt passionate about, and opportunities to make the world a better place.”
This article has been edited and republished with permissions from its original source, Clear Admit.
The Perfect MBA Career: Portfolio Manager
If working in investment strategy seems appealing, then a job as a portfolio manager may be right for you.
Forté Foundation Now Accepting Applications for MBALaunch
Calling all women considering an MBA but unsure about how to navigate the competitive admissions process: The Forté Foundation’s 2019 MBALaunch program was made for you. This 10-month program offers female MBA candidates a powerful support network and road map for applying to top-tier business schools for the MBA Class of 2022.
Applications for the next season of Forté MBALaunch, slated to begin in January 2019, are open now.
What Is MBALaunch?
MBALaunch is a unique program designed to help exceptional female candidates excel in the high-stakes MBA application process. Beginning each year in January, the program includes a range of in-person and virtual events geared toward helping participants assemble their strongest possible applications. These include networking events, monthly webinars, and in-person peer group sessions offered in 11 host cities. In addition, the program is accessible via video chat.
Candidates accepted into the MBALaunch program can expect to:
- Cultivate a strong network filled with hundreds of women with similar goals;
- Gain intensive GMAT test prep that, on average, helps improve scores by 100 points;
- Receive help building a winning application;
- Hone interviewing skills with guidance from admissions consultants and business school representatives, and
- Get immediate feedback on their resumes, admissions essays, and more.
Who Can Take Part in MBALaunch?
The MBALaunch program is open to women looking to apply to any of the more than four dozen Forté member business schools in fall 2019 (for enrollment in fall 2020). Forté seeks candidates with a strong academic record and two to seven years of post-undergraduate work experience.
To take part, candidates must be able to travel to a host city (Atlanta, Boston, Chicago, Houston, Los Angeles, London, New York, San Francisco, Seattle, Toronto, or Washington DC) for a one-day kick-off event. Then, candidates dedicate 10 months to the online and in-person program. After the kick-off event, candidates unable to participate in person can take part via Skype or Google Hangouts.
There is a $25 non-refundable application fee. Admitted applicants then pay a $550 program fee to take part.
Additional application eligibility information is available here.
Application Deadlines
The first MBALaunch applications deadline is October 8, 2018, with subsequent deadlines on October 15 and 22.
