News Roundup – Florida Rankings Get a Boost, Stanford Worries About the Internet, and More
Let’s take a look at some of the biggest stories from this week, including Florida rankings getting a nice boost for its graduate programs.
Tepper Hosts International Energy and Commodity Markets Conference – News & Events
Carnegie Mellon’s Tepper School of Business hosted the 2019 Annual Meeting of the Commodity and Energy Markets Association (CEMA) last month.
CEMA, founded in 2017, brings researchers and practitioners with an interest in topics like cryptocurrencies, energy storage, renewable energy, and climate change. CEMA and Tepper’s Sustainability Initiative work closely address these issues and help develop research into practice and policy. The 2019 event was organized by two prominent faculty at Tepper: Nicola Secomandi, Professor of Operations Management, and Head of the Ph.D. Program; and Duane Seppi, The BNY Mellon Professor of Finance and Head of the MS in Computational Finance Program.
Secomandi says of the event, “It makes sense to do it here …My research focuses on energy and commodities, and other Tepper faculty share similar research interests.”
Thirty sessions comprised this year’s program, along with two keynote addresses. Professor of Financial Economics Burton Hollifield and Emilio Osambela, former Tepper School faculty member and Senior Economist at the Federal Reserve Board of Governors, presented a headlining research paper regarding the investments choices made by environmentalists.
Bo Yang, a Tepper Ph.D. student, along with Secomandi and Selvaprabu Nadarajah (Ph.D, ’14), presented a research paper on methods of optimizing merchant energy production. Tepper alumni Michel Robe (Ph.D. ’95) and Sheridan Titman (Ph.D. ’81) delivered a presentation on agricultural futures markets.
For more on CEMA and the 2019 meeting, read here.
Five Hough Graduate Programs Earn Top 5 Ranking Among Publics for Second Year – Warrington Newsroom
The University of Florida’s Hough Graduate School of Business received high rankings for five different graduate programs by the Eduniversal Group.
Hough’s MS in Management was ranked first overall among public universities in the U.S., and the MS in Real Estate was voted first overall of its kind for the second year in a row. Also ranked in Eduniversal’s top five were the Master of International Business degree and the MS in Entrepreneurship. Hough’s full-time MBA came in at fourth among all public university MBAs in the U.S.
Eduniversal Group handed Florida’s Hough Graduate School of Business some high praise for its various master’s programs.
Eduniversal reviewed 20,000 postgraduate global master’s programs in 50 fields of study, in addition to surveying thousands of students, recruiters, and faculty. Program reputation, salary upon graduation and student satisfaction were the three criteria upon which the rankings are based. For more on Eduniversal and on Hough’s rankings, read here.
The Internet Is Broken. Can It Be Fixed? – Stanford GSB School News & History
Fake news, cybersecurity, and corporate technology’s power structure will be among the topics covered in a new course at Stanford University’s Graduate School of Business.
Anat R. Admati, George G.C. Parker Professor of Finance and Economics and faculty director of the Corporations and Society Initiative, and lecturer Jonathan Dotan, a fellow at Stanford’s Center for Blockchain Research and at the Stanford Compression Forum and a consulting producer on the HBO series Silicon Valley, have designed a multidisciplinary curriculum that will address the regulation and policy issues facing those who live in a tech driven world.
Dotan says of the course’s content:
“The perception of the tech industry has changed dramatically in the past five years … Back then, it could do no wrong. Now it can do no right. Those extremes point to a discussion that we need to have about the role that the internet plays in people’s lives.”
Professor Admati’s approach is more focused on the governance aspects of tech. She says, “I want to understand and help students think through the bigger context of how corporations fit into a system that includes investors, customers, government, news media, and citizens—the whole ecosystem.”
The course, entitled ‘Is the Internet Broken?’ was offered for the first time in spring 2019. For more on the curriculum and its creators, read here.
Former Dean Rich Lyons Named New Campus Innovation Officer – Berkeley Haas News
UC Berkeley’s first-ever Chief Innovation and Entrepreneurship Officer (CIEO), former Dean Rich Lyons, will work to bring Berkeley Haas‘ research in these fields to fruition.
Rich Lyons, new lead of the Berkeley Haas Office of Innovation and Entrepreneurship / Photo via /newsroom.haas.berkeley.edu
Lyons will lead the Office of Innovation and Entrepreneurship in initiating partnerships and acquiring stakeholders to support start up and entrepreneurial efforts on campus. Lyons said of his appointment, “If together we can improve the transformation of Berkeley’s prodigious intellectual product, across the whole campus, into greater societal benefit, then we will have achieved a great deal.”
For eleven years, Lyons served as dean of Haas. He left the position in 2018 and will return after a sabbatical to teaching finance, along with beginning the transition to his new role. Learn more here.
MedTechBOOST Competition to Target Healthcare Challenges Using AI – University of Cambridge Judge Business School News
The Cambridge Judge Business School Entrepreneurship Center, along with corporate sponsors such as Johnson & Johnson and Astra Zeneca, will host a competition aiming to address issues of mental health and wellness in aging using artificial intelligence.
The participants will examine ways in which AI can be used to diagnose, predict, and treat patients. After developing these ideas, they will pitch them to potential investors and collaborators. “MedTechBOOST offers individuals and early-stage start-ups unprecedented access to the NHS and a roster of multinational businesses and investor networks, providing a life-changing experience for anyone pursuing a career in healthcare or AI,” says James Parton, one of the competition’s organizers.
Healthcare professionals, entrepreneurs, researchers, students, and early stage start-ups can apply to take part in MedTechBOOST.com by July 31.
“MedTechBOOST offers individuals and early-stage start-ups unprecedented access to the NHS and a roster of multinational businesses and investor networks, providing a life-changing experience for anyone pursuing a career in healthcare or AI,” says Bruno Cotta, Executive Director of Cambridge Judge Business School Entrepreneurship Center.
Learn more about MedTechBOOST and its participants here.
Newest Stanford MBA Deadlines Announced for 2019-20
The newest class of applicants to the next full-time MBA program at the Stanford University Graduate School of Business have some new deadlines to remember.
Stanford 2019-20 MBA Deadlines
Round One
Application Deadline: Sep. 12, 2019
Notification: Dec. 12, 2019
Round Two
Application Deadline: Jan. 9, 2020
Notification: April 2, 2020
Round Three
Application Deadline: April 8, 2020
Notification: May 21, 2020
Learn more about the Stanford GSB full-time MBA program here.
Top MBA Recruiters: IDEO
If you’re interested in international design and consulting, IDEO (pronounced eye-dee-oh) should be on your radar. Launched in Palo Alto, CA in 1991, the company is known for using design-thinking methodology to design its products, services, environments, and digital experiences. They’re involved in a wide range of consumer products (toothbrushes, computers, personal assistants, etc.) experiences (non-traditional classrooms), as well as management consulting and organizational design.
Known for designing the first manufactured mouse for Apple, IDEO leads the way for human-centered design. As their website says, “IDEO has long been at the forefront of creating change through design.” Continue reading…
UVA, Oxford, CEIBS Rise in All-New Financial Times 2019 Ranking
The latest Financial Times MBA ranking is officially out, with several international schools rising closer and closer to the top in 2019.
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.
U.S. Tops Highest MBA Salary Rankings
Return on investment post-MBA is one of the main considerations for candidates. After all, who would want to spend tens of thousands of dollars on an education without a solid salary afterward? That’s why it’s so important to look at how the best MBA programs can affect a graduate’s salary.
So, where should you go to school for your MBA if you want the best salary after graduating? We’re taking a look at the highest earning MBA programs per country to dig down into what you can earn as an MBA all over the world.
