Duke Fuqua MBA Class of 2019 Beats Hiring Records
The Duke Fuqua MBA Class of 2019 had a record year for hiring. Within three months of graduation, 97 percent of the class had received job offers with 95 percent accepting, which, according to the associate dean of their Career Management Center, Sheryle Dirks, marks the highest percentages in at least twenty years. The median annual base salary also rose 8 percent from the previous year to $135,725. But that’s just scratching the surface of the Duke MBA Employment Report for 2018–19.
Continue reading…J.P. Eggers, NYU Stern Professor and Vice Dean of MBA Programs, Answers Our 5 Questions
In our latest installment of the MetroMBA “5 Questions” series, we speak with J.P Eggers, Associate Professor of Management and Organizations and the Vice Dean of MBA & Graduate Programs at the NYU Stern School of Business. Eggers talks about the MBA program’s new healthcare specialization, what students need to know before enrolling, and what makes NYU stand out when it comes to the business of healthcare.
1. Why Do You Believe The Time Was Right For NYU Stern To Introduce An MBA Specialization In Healthcare?
“Healthcare is an incredibly important part of the U.S. and global economy, and even more central to New York City given the hospital systems, pharmaceutical companies, and insurance providers within the broader region. As a result and in line with Stern’s continued push to diversify the opportunity set for our students, this became a priority to make our ambitious goals in the healthcare space something visible and public.”
J.P Eggers, Associate Professor of Management and Organizations and the Vice Dean of MBA & Graduate Programs at the NYU Stern School of Business
2. What Particular Kinds Of Applicants Do You Believe Are Right For This Kind of Program?
“This specialization is a good fit for applicants interested in the health system broadly. The curriculum options range from insurance markets to pharma strategy to health-tech, so the scope is ambitious. We expect that students with an interest in finance and marketing roles within health-related companies, or those interested in consulting or banking opportunities with a focus on the health sector, will be most drawn to the specialization.”
3. Is This A Sign Of More Unique MBA Specializations Coming To NYU Stern?
“We take our investments in specializations seriously, having been the first school to offer a FinTech specialization and having a broad range of specializations available. But we’ve found that many students have very specific interests when enrolling in an MBA program, and we will continue to explore and evaluate other opportunities.”
4. Since NYU Stern MBAs Can Study Three Specializations, What Are Some Other Specializations You’d Recommend For Someone Studying Healthcare?
“Since healthcare is a ‘vertical’ (industry) specialization, I expect that any of our ‘horizontal’ (functional) specializations would pair nicely. For those interested in pharma roles, I would think that corporate finance, marketing, or strategy would make sense. For those looking at health systems or consulting, I’d think operations may be a clear fit. And for those interested in health tech, our product management, analytics, and innovation specializations may make sense.”
5. Are There Any Unique Organizations In New York That Will be Part of the Healthcare Specialization?
“As part of Stern’s continued commitment to leveraging the amazing resources that NYU has to offer, we will work with both the NYU School of Medicine and the NYU Wagner School of Public Service on aspects of the specialization. The integration of the health-focused track in the Endless Frontier Labs means that we will utilize our connections to the NYC startup ecosystem. And we will continue to explore potential partnerships beyond those.”
To learn more about the NYU Stern MBA programs and specializations, head over to the official school website.
New Consulting Jobs for MBA Grads at Strategy&, IDEO, and More
With summer on the way, you can look forward to more sun and plenty of new MBA jobs. Sunny days are ahead, so take your laptop or tablet outside, fill out a job application at any of these well-known consulting firms, and get ready for not only a season filled with fun, but also new opportunities on the horizon. Continue reading…
New MBA Jobs: Goldman Sachs, Walmart, Coca Cola, and More
A new week means a new rundown of the best new MBA jobs out there! This list features entry level positions and roles for seasoned vets, so there’s something for everyone here. Apply today and get your post-MBA career started right away!
5 Highest Paying MBA Internships in Philadelphia
The moment you decide to earn your MBA, you should already be thinking about your MBA internship. Within the first few months of your education, you’ll be discussing your internship opportunities and soon afterward, applying. For the most part, you’ll choose your internship based on your career interests, but there’s one other aspect to consider: the pay.
MBA interns can earn impressive hourly wages, which may be a shock if you’re still thinking like an undergraduate student who worked an entire summer for free. But is an MBA internship salary something to sneeze at? It could be depending on your job function, industry, and the company you work for. So, who pays the most?
We dug into Philadelphia MBA internships to find out which companies would pay the most, and here’s what we discovered. Continue reading…
The Best Business Schools for Landing Top Consulting Jobs
Clear Admit recently explored which business schools help prepare MBAs the most for a career in consulting, which you can read below.
With starting salaries in the $140,000 to $150,000 range and a customary $25,000 signing bonus on top of that, it’s no wonder so many business school students target the prestige consulting firms known as the “MBB”—McKinsey & Company, Boston Consulting Group (BCG), and Bain & Company—as their post-MBA landing pads. That $170,000+ annual compensation package can quickly cut any MBA loan debt you may have taken on down to size.
Indeed, management consulting has been one of the most coveted career paths for fresh MBA grads for ages. And though the technology industry has in recent years been stealing some grads from the consulting industry’s traditional slice of the pie, the most recent MBA employment reports reveal that consulting is already making a comeback against tech at certain schools.
The opportunity to work with a range of clients comprised of many of the world’s most celebrated businesses across industries—tech included—is part of the appeal of consulting. In many ways, a top consulting gig allows MBA grads to continue their management education while getting paid for it—and further honing their skills and expertise by helping solve a wide variety of business challenges. And, not for nothing, breaking into the MBB is a highly competitive pursuit—one that almost assures that your colleagues will be smart, driven people you’ll get a lot out of working with.
Finally, where the top consulting firms are choosing to find their talent reflects on the quality of the education those schools’ students are getting. In many ways, the hiring practices of the MBB can serve as a gold star standard of sorts for MBA programs.
Elite Firms Hire Grads from Elite Business Schools
The crème de la crème of leading business school talent has headed toward the top consulting firms for decades—and performed well there—creating a virtuous circle of sorts in which the firms’ appetite for such talent only grows. And while this piece focuses on MBB, we should note that a host of other consulting firms—Deloitte, A.T. Kearney, Accenture, Strategy&, and Oliver Wyman among others—are also highly prized post-MBA destinations.
If you are looking to see which business schools send the greatest percentage of their graduates into consulting overall, don’t miss our September 2017 analysis of leading consulting industry feeder schools. Which schools top the list? And what stands out about how these schools successfully train students for careers in consulting?
Looking at Class of 2016 graduates, the University of Virginia’s Darden School led the pack, with 38 percent of its graduates heading into consulting. Columbia Business School was next, sending 35 percent, followed closely by Northwestern University’s Kellogg School of Management, which sent 33 percent.
The 2017 employment reports, which have been released since our analysis last fall, show some shifts year over year. Darden tied with Emory’s Goizueta School of Business in terms of the percentage of Class of 2017 grads who headed into consulting, with each school sending 34 percent. Close on their heels were Columbia, Duke’s Fuqua School of Business, Northwestern’s Kellogg School of Management, and Dartmouth’s Tuck School. All four sent 33 percent of their most recent graduating class off to consulting firms.
2 Non-U.S. Schools Lead All Others in Consulting-Bound ’17 MBA Grads
But year after year, one thing remains the same. INSEAD, with campuses in France, Singapore, and Abu Dhabi, beats all leading U.S. business schools when it comes to consulting. INSEAD’s 2016 MBA employment report, detailing employment outcomes for December 2015 and July 2016 INSEAD grads, shows that 46 percent went into consulting. And the most recent figures reveal that almost a full half—49 percent—of the 1,029 students who completed the INSEAD MBA program in December 2016 and July 2017 chose to either enter or return to the consulting field.
We should note here that INSEAD is distinct from many other schools in that it includes sponsored students who are returning to their pre-MBA employers among its hiring stats. This is in contrast to many U.S. schools, where the reported number and percentage of students hired by sector and employer corresponds to those students actively seeking employment, excluding sponsored students. Of the 49 percent of INSEAD 2017 grads headed into consulting, 33 percent were new hires and the remaining 16 percent were returnees.
London Business School (LBS) was the runner-up for the Class of 2017, sending 41 percent of grads into consulting. This was a 6 percentage-point gain over the school’s previous class of MBA graduates. Like INSEAD, LBS’s reported sector designation and top employer information includes sponsored students, only its employment report does not disclose what percentage of the class those returning students represent.
