When people think about New York City, they often think that it’s the center of the world. It has everything from shopping to finance, theater, transportation, technology, and advertising. There’s no doubt that New York’s economy is one for the record books, with almost endless opportunity.
What does that mean for MBA graduates?
Whether you attend the Stern School of Business at New York University or the Lubin School of Business at Pace University, you’re getting an education in a city with a multitude of industry opportunities. But if you really want to get into NYC’s major industries, then you need to enter into a career in finance or media.
At the Stern School, you can specialize your MBA to take advantage of accounting, banking, or corporate finance. You can also get a specialization in entertainment, media, and technology or digital marketing. Stern also offers their students experiential learning opportunities to take advantage of its location at the center of global business.
As for where to work after you earn your MBA, there are a multitude of finance and media companies where you can apply.
Finance
In NYC, financial services represent 15% of the economy, second only to real estate. A few companies include:
- AllianceBernstein: AB is a global asset management firm that provides investment management and research services worldwide to institutional, high-net-worth, and retail investors. The company has approximately $474 billion in assets under management, and had 46 locations across 26 countries. Their headquarters is in Manhattan.
- CIT Group: CIT is an American financial holding company with more than $65 billion in finance and leasing assets. The company focuses on providing financing and leasing capital to middle market clients across more than 30 industries. They’re a Fortune 500 company, employing more than 3,700 people worldwide.
- E-Trade: E*TRADE is a US-based company that offers online discount stock brokerage for self-directed investors. The company helps investors buy and sell stocks, bonds, options, mutual funds, and exchange-traded funds via its electronic platform. They’re traded on the NASDAQ and have over 3,300 employees.
- Goldman Sachs: Goldman Sachs is a multinational investment banking firm engaged in global investment banking, securities, investment management, and other financial services. They employ over 31,700 people worldwide, and in 2013, reported earnings of $9.34 billion. The average compensation per employee in 2006 was $622,000.
- JPMorgan Chase: A multinational banking and financial services holding company, JPMorgan Chase is the largest bank in the US and the world’s sixth largest bank. Their total assets amount to over $2.6 trillion, and they are the sixth largest public company in the world. They employ more than 235,000 people worldwide.
Media
New York is the largest media market in North America with seven of the world’s top eight global advertising agency networks headquartered in NYC. A few media firms include:
- Hearst Corporation: Hearst is a multinational conglomerate group that has a high-diversified portfolio of media interests. It’s one of the largest diversified communications companies in the world which include 15 daily and 36 weekly newspapers, more than 300 magazines (Harper’s Bazaar, Cosmopolitan, Elle), and 31 television stations (A+E Networks and ESPN). Their revenue is over ten billion and they employ more than 20,000 people worldwide.
- NBCUniversal: NBC is an American media and entertainment company engaged in the production and marketing of entertainment, news, and information products. The company owns and operates television networks, cable channels, local stations, motion picture companies, television production companies, and branded theme parks. It’s the world’s largest mass media group. Their revenue is over $28 billion.
- Time Warner: Time Warner is a multinational media and entertainment conglomerate. It’s the world’s third largest television networks, filmed TV & entertainment company in terms of revenue. Time Warner assets include HBO, New Line Cinema, The CW Television Network, and CNN. They employ more than 26,000 individuals worldwide and have a revenue of $29 billion.
- The Huffington Post: Huff Post is a liberal online news aggregator and blog that offers news, satire, and original content covering almost any topic. In 2012, it became the first commercially run US digital media enterprise to win a Pulitzer Prize.
- Omnicom Group: Omnicom is a global marketing and corporate communications holding company that provides services in advertising, CRM, public relations, and specialty services. It’s ranked as one of the four largest advertising agencies in the world and employs more than 74,000 people in 100 countries worldwide.