Top 5 Paying MBA Careers: Marketing
MBA graduates in marketing can experience exponential career growth. According to Payscale, graduates in marketing often earn a starting salary of $55,700, which may double to $116,000 by mid-career. As the job is links to sales success, bonuses can also be lucrative.
Those who relish the thrill to sell might be curious about what positions can maximize their salaries. The benefits of these positions can vary by location, experience, and company.
New MBA Jobs at Major Health Care Providers and Pharmaceutical Firms
As Baby Boomers age and make up a more significant portion of the population, more Americans rely on health insurance providers and prescription drugs. In fact, Center for Disease Control stats show that more Americans are taking prescription drugs than ever. More patients and more drugs means a greater need for upper level health insurance and pharmaceutical professionals, and more new MBA jobs in these fields.
As with any complex industry, healthcare providers and pharmaceutical manufacturers require new hires with analytical abilities, business acumen and problem solving skills to help innovate and lead these firms into the future. Here are just a few new MBA jobs for those looking to enter healthcare provider and pharmaceutical fields.
Continue reading…
Northwestern Kellogg & HKUST Lead the 2018 FT EMBA Rankings
Where should you go to school for your Executive MBA? Good question. While, the answer may not be quite so simple, an official EMBA ranking can help.
There are many things you should consider before choosing the best EMBA program for you including average graduation salary, industry employment, research interests, and more. However, a good place to start is with the 18th edition of the Financial Times Global Executive MBA Ranking. This ranking collects key data from business schools and alumni around the world to come up with a list of the top 100 best programs worldwide.
We’ve collated some of the critical data from the ranking study to give you insight into what’s going on in the world of EMBA programs.
EMBA Graduates Choose Industry and Manufacturing
Compared to full-time MBAs, EMBA graduates are much more likely to work in certain industries like manufacturing. In fact, three times as many EMBAs are employed in industry or manufacturing compared to their full-time peers. The figure accounts for 17 percent of all graduates. In comparison, only 10 percent of EMBA graduates are in consulting roles. And they’re less likely to work in finance, too.
EMBAs Earn More Money
EMBA graduates can also expect to earn more money than full-time MBAs after graduation. The average salary for an EMBA is $220,000 whereas an MBA alumnus can expect to make $146,000. It’s a large gap that’s similar to the salary gap between an MBA and a MiM graduate ($146,000 VS $67,000). Keep in mind, however, that the typical Executive MBA student is significantly older and often has more work experience.
In contrast, full-time MBAs win when it comes to salary boosts before and after earning the degree. MBA alumni generally increase their salary by 107 percent while EMBAs only experience a 59 percent boost.
Top 10 EMBA Programs
This year, the top ten EMBA programs, according to the Financial TImes, includes four joint programs. In fact, these were the top four programs in the world ranking well for post-EMBA salary, alumni leadership positions, and work experience. Each of these programs offer excellent networking opportunities thanks to different cohorts across different campuses, connecting students around the world.
Here’s how all the rankings stacked up.
1. Northwestern Kellogg & HKUST
This joint program ranks first for the third year in a row, and it’s the ninth time in 12 years that it has headed the list—the other three times it ranked second. The program is known for having the highest average salary three years post-graduation, $507,000—$140,000 more than the second-highest salary. It’s also known for having half of its alumni as company leaders three years post-graduation.
No EMBA has dominated the annual FT ranking quite like the Northwestern Kellogg & HKUST join program, earning top billing once again for 2018.
2. HEC Paris, LSE, & NYU Stern
This trium global EMBA program ranks second in 2018, up from fifth the previous year. The program is ranked first in work experience, languages, and international course experience rank. It also ranks highly in average salary ($347,970) with an expected 60 percent salary increase three years post-EMBA.
3. Tsinghua University & INSEAD
For the second year in a row, the Tsinghua-INSEAD dual degree MBA comes in third overall on the FT EMBA ranking. Located in China, Singapore, France, and the UAE, the program is known for its high salary three years post graduation ($365,746), and its high percentage of female students (45 percent).
The rest of the top ten shakes down as follows:
- EMBA—Global Asia: Columbia Business School, HKU, & London Business School
- Ceibs
- HEC Paris
- Washington University Olin Business School
- Shanghai: Jiao Tong University Antai
- IESE Business School
- MIT Sloan School of Management
Surprising Schools
There were quite a few surprises in this year’s EMBA ranking.
- Though HEC Paris has ranked in the top five since 2006 because of its joint program with NYU Stern and LSE, this was the first year the school entered the top ten ranking on its own. The HEC Paris solo EMBA program ranks sixth overall, making it the highest new entrant.
- IESE Business School took home the crown as the top EMBA program for the new criterion corporate social responsibility (CSR).
- The University of Toronto Rotman School of Management EMBA moved up the most places in 2018, rising to 47th place overall—20 places higher.
No school saw a bigger rankings jump than the University of Toronto Rotman School of Management, rising 20 spots in 2018.
FT EMBA Ranking Methodology
To come up with the 2018 EMBA ranking, the Financial Times reached out to a record 139 programs with two online surveys: the first completed by the school and the second by alumni who graduated from programs in 2014. The methodology of the ranking is as follows:
- Alumni were required to provide feedback on salary today, salary increase, career progress, work experience, and aims achieved—accounting for 55 percent of the ranking’s weight.
- Schools provided insight into ten criteria, accounting for 35 percent of the total ranking. Criteria included: gender and international diversity, board members, international program reach, and more.
- Accounting for the final 10 percent of the ranking was the FT research rank, which looks at the number of articles published by a school’s full-time faculty.
And, for the first time ever, this year’s EMBA ranking included a new criterion for corporate social responsibility (CSR). This new criterion took a look at how many of a school’s core courses were dedicated to ethics, social, and environmental issues. Weighting at 3 percent, this criteria replaced the number of Ph.D. graduates per school.
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.
This article has been edited and republished with permissions from our sister site, Clear Admit.
Finding the Top MBA Employers in Washington DC
Students interested in earning an MBA and working in Washington DC will find no end to the opportunities available. Whether you are looking for opportunities at a governmental agency, a local business, or a massive international retailer, Washington DC—with 15 companies making the Fortune 500 list this year—can provide the perfect environment for MBAs at the start of their careers.
Finding the Best MBA Internship Destinations in the Pacific Northwest
The Pacific Northwest MBA job market has been rapidly expanding for years. The region is packed full of corporate giants, technology startups, and many more lucrative companies MBAs know fully-well, such as Starbucks, Amazon, Boeing, and Microsoft. Continue reading…
