Investing in Your Future With These New MBA Jobs
Finance careers continue to be a popular and lucrative option for recent MBA graduates. The work is varied, as finance relates to many industries and companies. In addition, the field is obviously very rewarding, with average graduate earning more than $140,000 according U.S. News & World Report. One of the most popular and well paid areas of finance is work at investment banks.
According to the Corporate Finance Institute, investment banking is the division of a financial institution that aides governments, corporations, and organizations through capital raising and mergers and acquisitions advisory services. Investment banks typically act as intermediaries between investors and corporations, and are often popular landing spots for MBA degree holders to bring their talents. Here’s a look at some of the best new MBA jobs in the investment banking sector: Continue reading…
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…
MBA Job Destinations: Wolters Kluwer
The average person may not know what international information services firm Wolters Kluwer does, or even how to pronounce it But when it comes to post graduate job placement, every MBA knows (or should know) the Dutch company’s name, and its status as a top MBA recruiter. Continue reading…
How This Saïd MBA Grad Is Helping Destroy Tax Jargon
“If you could deduct a dollar for every word of jargon on your tax return, chances are, you would owe a lot less tax.”
Those words, published in the New York Times, could realistically have been written in 2016. But this notion of an incredibly common public nuisance was published in 1984. And more than 30 years later, not much has changed.
The typical annotation surrounding tax jargon is littered with brash profanities, and for good reason: filing taxes can be nauseatingly frustrating, and the endlessly wordiness that comes with it only makes it worse. Luckily, that mired pessimism is pretty universally shared, and some—like University of Oxford Saïd Business School MBA ‘16 graduate Connie Cha—are actually helping.
This week, Cha launched Taxforward, a simplified tax self-assessment system that allows U.K. residents to more easily understand how to file in what Cha calls “the new economy.”
Speaking with the Saïd Business School, Cha illuminated what led her to the project. Trained as an actress, Cha graduated from the Guildhall School of Music and Drama in London before joining the business school. And like so many, when she first had to file her own taxes she “was completely in the dark about how to complete it.”
After joining Deloitte as a member of the consumer business audit team, she began to more thoroughly understand the tax system. But those initial difficulties made a lasting impression. Cha earned her chartered accountancy qualification (ACA) at the Institute of Chartered Accountants in England and Wales. And after beginning her pursuit of an MBA at Saïd, she refined what eventually became Taxforward.
With her entrepreneurship project team, Cha found herself looking into what could be considered an non-traditional market: the freelance and sharing economy. A trained actress herself, Cha was deftly familiar with creative types who were working more independently than as traditional full-time employees—something she found increasingly common even among larger employers.
“There has been a shift in how organizations are structuring their operations for cost-efficiency,” she says. “Big corporations, such as Deloitte, are taking on independent contractors alongside employees, and individuals are building their livelihood through a company vehicle rather than a typical employment contract.”
Working with her entrepreneurship project mentor, retail marketing associate professor and deputy dean Jonathan Reynolds, and the Oxford alumni network, Cha continued refining Taxforward after completing her MBA. The completed effort, crafted in a pleasant, clean design, allows U.K. users to quickly file their returns for a nominal flat rate competitively smaller than most accountants charge.
“To stand out we want to give users a feeling of empowerment that they can do it themselves,” she says. “In short, we want to be the tax partner to the new economy.”
If the project is successful, it’s not hard to imagine expansion into international markets. Or at least until other ventures capitalize on Cha’s ingenuity. Head over to Taxforward now to take a look at the recently launched product.
Smith School Professor Chimes in On Recent Tax Court Ruling
According to the Wall Street Journal, a recent tax court overruling of the Internal Revenue Service (IRS) marks “a big win for all MBA students”, in a decision that “should embolden more students enrolled in MBA programs across the country to deduct their tuition — especially if they are getting an executive MBA.” But Samuel Handwerger, an accounting professor at the University of Maryland’s Robert H. Smith School of Business, doesn’t necessarily agree with the Journal’s sentiment. Continue reading…
