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Dec 5, 2018

Americans Are Disconnected With Upward Mobility, Says New Kellogg Research – Chicago News

American Upward Mobility

Let’s explore some of the most interesting stories that have emerged from Chicago business schools this week.


How Close­ly Do Our Beliefs About Social Mobil­i­ty Match Reality?Kellogg Insight

New research from Northwestern Kellogg Assistant Professor of Managerial Economics and Decision Sciences Edoar­do Teso assessed mobility rates among social classes in the U.S., U.K., France, Italy, and Sweden and found that Amer­i­cans’ over­es­ti­mat­ed and Europeans underestimated “people’s chances of climbing from the bot­tom to the top of the eco­nom­ic lad­der.”

According to the article, Teso won­ders whether the disconnect between people’s perceptions com­pared to the real­i­ty of social mobility might “explain why the Unit­ed States often resists income redis­tri­b­u­tion poli­cies such as high­er tax­es for the wealthy, while many Euro­pean nations embrace them.”

“These per­cep­tions are real­ly deeply root­ed,” Teso notes.

Image result for suburbs

“Amer­i­ca is famous­ly a land of immi­grants where many peo­ple did in fact build their own fortunes. In con­trast, Europe prac­ticed feu­dal­ism for cen­turies, dur­ing which a person’s fate was large­ly gov­erned by their fam­i­ly circum­stances,” Teso’s research claims.

You can read more about research here.

PIMCO and University of Chicago’s Center for Decision Research Announce Partnership to Guide Wiser Decision-MkingBooth School of Business News

To commemorate the partnership between Chicago Booth’s Center for Decision Research (CDR) and PIMCO, an “innovator in applying research to investment decisions,” the CDR laboratories will be rechristened the PIMCO Laboratories for Decision Research, which will “yield scientific discoveries with the potential to improve individual and social welfare.”

PIMCO Group CIO Dan Ivascyn writes, “Through this novel partnership, we hope to nurture exceptional insights into decision making behavior that will ultimately help PIMCO make wiser decisions for portfolios, clients and employees.”

Booth Dean and George Pratt Shultz Professor of Accounting Madhav Rajan writes, “PIMCO’s spirit of experimentation and interest in asking real-time questions about investing and the economy make it the ideal partner for Booth.”

According to the press release, the PIMCO Decision Research Laboratories will “include a new ‘storefront’ behavioral science research lab to foster greater engagement with the public and to broaden the reach and increase diversity of participants in the research studies.”

Rajan continues, “From PIMCO’s plans to disseminate CDR’s research findings, to conducting joint projects in behavioral science, the collaboration will have a transformational impact on our research enterprise.”

You can read more about the partnership here.

MBA Student Carley Mostar Secures Funding for Her CommunityUIC Business Blog

Carley Mostar, Gies MBA ’19

The UIC Liautaud Graduate School of Business recently profiled Carley Mostar, MBA ’19, whose “Info Park” project secured $25,000 in funding from the Ford College Community Challenge (Ford C3).

Conceived as a collaboration between Mostar, the UIC School of Architecture, and the community of East Garfield Park, Mostar dreamt a plan to transform “one of the lots into a member-use space for the community to use as our own public or private space.”

Mostar and the group have hit the ground running, working with “community engagement workshops and have even started researching fabricators and vendors to work with in preparation for construction, slated to start in early spring of 2019.”

Mostar explains the importance of incorporating the voices of the community into her “Info Park” plan.

“It’s very important to me when doing this kind of work to make sure that the people who the work is for have their voices centered in the outcome of the project,” she says in a recent interview.

You can read more about Mostar and the project here.

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Oct 27, 2016

London’s Largest MBA Employers

London's Largest MBA Employers

For MBAs looking to begin a career in London, there is an array of amazing opportunities. Not only are there a number of top companies hiring large numbers of MBAs, but those with advanced degrees tend to earn more and witness more growth than those without. In fact, a recent analysis of MBA graduates from the London Business School reveal that 93 percent of students had received and accepted a job offer within three months of graduation. The average salary for such graduates was $117,596.

London is home to a number of international companies and remains a bustling center of global business. Here are just a few of the top London companies currently hiring MBAs.

McKinsey & Company

McKinsey and Company is a global management firm which works alongside some of the top public and private sector organizations in the U.K. to address their most pressing needs in technology, strategy and operations. Partnered with several leading companies in London and around the world, McKinsey aims to set long-term goals surrounding challenges of the economy, as well as contribute to dialogue about current trends in business and society.

McKinsey & Company’s has more than 90 global offices, including London, where it has operated for over 50 years. McKinsey was the top employer of London Business School MBAs last year, with a staggering 38 new hires among graduating students.

Boston Consulting Group

The Boston Consulting Group is a massive consulting group now with more than 80 locations in 48 countries. A leading advisor for business strategy around the globe, the BCG remains a top employer of MBAs in London. The company also provides students opportunities to get involved before graduating. Each fall, BCG recruits undergraduate, graduate and Ph.D. students as associates to help solve some of the toughest client challenges.

Credit Suisse

Founded in 1856 out of Zurich, Switzerland, Credit Suisse is one of the leading global private banks, employing more than 48,200 people in 150 different countries. Focusing on three different business areasSwiss Universal Bank, Asia Pacific and International Wealth ManagementCredit Suisse is constantly looking for ways to make inroads into new markets and support and elevate its employees.

Credit Suisse offers analyst and associate programs in all major areas outside of Switzerland, which are available to MBA and MA students. The company also offers a 8-10 week summer internship program just for current MBAs.

Bain & Company

Bain & Company is a leading management consulting firm, which works with business leaders across the U.K. to help make companies more valuable. Established in 1979, Bain London is the oldest office and the first outside of the United States.
The Bain London offices are home to more than 456 employees andin 2006Bain was recognized by the Financial Times as the #1 “Best Place to Work”. Bain actively recruits MBA students from top programs around the world, and is open to applications for consultant positions from students in the second year of their program or nearing the end of a one year degree.

A.T. Kearney

Established in 1926, today A.T. Kearney is a leading global management firm with offices in more than 40 countries worldwide. Partner-owned, A.T. Kearney works with two-thirds of the Fortune Global 500, and some of the top non-profit and governmental organizations around the world.

A.T. Kearney is a top employer of business students in London and provides a multitude of opportunities for MBAs to get involved even before they join the career force. Each year, the company offers a the Global Prize Annual Strategy Case Competition, which invites post-graduate students to take on real-world consulting challenges.

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