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No GRE or GMAT Required: San Francisco
John Steinbeck once described San Francisco as a “golden handcuff with the key thrown away,” while Rudyard Kipling lamented that leaving the City by the Bay was its one and only drawback.
Top MBA Recruiters: Berkshire Hathaway
When considering where you want to work, there are a lot of things that come into play. Do you want to work in a small startup or a large multi-national corporation? Do you want variety or do you want to become an expert in a particular field? Do you want prestige or would you rather be a worker-bee? The good news is that there are organizations that can fit any desire, including Berkshire Hathaway.
NYU Stern Announces New Veterans Scholarship Program
Brothers Lorenzo and Frank III Fertitta, sons of retired casino magnate Frank Fetitta Jr., have recently gifted the NYU Stern School of Business with a generous $15 million endowment for the newly established Fertitta Veterans Program.
The donation will assist the full-time acceptance of around 20 military veterans looking to pursue an MBA, reducing tuition to a flat $30,000 per year. The current tuition rate for the NYU Stern MBA program is just above $66,000 per year.
Speaking with NYU Stern, MBA student Samantha Sarkis says, “Business school is a huge financial investment and an even bigger one when attending one in NYC because the cost of living is almost as much as your tuition. When considering what schools to attend, I weighed out the opportunity costs of the school brand, location, opportunities and tuition. While researching schools, NYU was the only school that offered a non-9/11 GI Bill scholarship, which was extremely appealing given the strength of its brand, location and unique opportunities of living in NYC.”
The program will not only provide a significantly reduced tuition rate, but will also provide courses to spearhead MBA students into their future business careers.
Isser Gallogly, the associate dean of MBA admissions and program innovation, says, “Students will participate in a six-week summer term during which they earn six credits and participate in a variety of academic, leadership and career development activities. Students will take the core course statistics and data analysis, as well as accounting.”
The effort to naturally integrate returning military veterans is not just limited to the school, says Raghu Sundaram, vice dean of MBA programs.
“A part of it is professional: connecting them to alumni who are themselves veterans and who can act as mentors, assisting in this transition process and to corporations who hold special events for veterans,” Sundaram says. “And a part of it is social, allowing them to bond with each other even as they get to know the school and the city.”
The scholarship will officially go into effect in 2017.
The Fertitta brothers both work in the casino and sports entertainment industry. Frank III, who earned a BA/BS from the USC Marshall School of Business, is the current CEO of Station Casinos, which was originally founded by his father. He is also a part-owner of Zuffa LLC, the company that owns the UFC, of which Lorenzo works for. Lorenzo graduated with an MBA from NYU Stern in 1993.
Click here for more information on the NYU Stern Fertitta Veterans Program.
Top MBA Recruiters: Citigroup
Many MBAs seek employment from top financial services firms following graduation, and one firm close to the top of any “Dream Job” lists is Citigroup Inc. As reported in our “Best Companies to Intern For In Chicago”, Citigroup has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. According to Forbes, Citigroup employs around 231,000 individuals.
The company provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management. According to Citi, the firm currently operates through two primary business segments: Citicorp, which represents core growth franchises, and Citi Holdings, which contains businesses and assets that are not necessarily core to the firm’s future.
A Little Bit of History
According to Citigroup, the City Bank of New York was chartered in 1812 when a group of merchants took the first steps toward setting up a new bank to help New York compete with rivals in Philadelphia, Boston and Baltimore. Citigroup in its current incarnation was formed from one of the world’s largest mergers when Citicorp and financial conglomerate Travelers Group merged in October 1998. As of recent, it is the third largest bank holding company in the US by asset value.
Despite suffering huge losses during the global financial crisis of 2008 and having to be rescued by a giant US federal stimulus package, as of June 2012—its 200th anniversary—Citigroup had stockpiled a hefty cash reserve. Just years after the crisis, the firm established $420 billion in surplus liquid cash and government securities.
On Citigroup’s 200th birthday, CEO Vikram Pandit offered a statement during Global Community Day—an annual event that serves as an opportunity for employees, alumni, family and friends around the world to gather to demonstrate a shared commitment to its communities.
“For two centuries, Citi colleagues have worked to enable economic progress and support our clients on their journey from ambition to achievement. There is no better way to celebrate our 200th anniversary than by honoring our history, embracing the future and working together to strengthen the communities where we live and work.”
Citigroup and MBAs
According to Bloomberg, Citigroup the biggest MBA employer in financial services, ahead of Bank of America, JPMorgan Chase, Goldman Sachs, Credit Suisse, Barclays (BARC:LN), Morgan Stanley and Deutsche Bank (DBK:GR).
Fortune also notes that Citigroup ranks as one of the 25 “Most Desirable MBA Employers”, with 4.75 percent of all MBA graduates wanting to work for the firm. The ranking states that Citigroup expects to hire about 235 new MBAs each year as associates and management associates, particularly favoring candidates “with a global mindset and strong analytical and communication skills.”
Bloomberg also listed some other business schools that Citigroup commonly hires from, including Cornell University’s Johnson School of Business (6.75 percent, 19 students), Olin School of Business (3.55 percent, 5 students), McDonough School of Business (2.38 percent, 6 students). Recruiters have also highlighted career opportunities in Korea and Japan at events with Northwestern’s Kellogg School, University of California-Berkeley’s Haas School and MIT’s Sloan School.
Getting a Foot in the Door
With major locations in New York, Los Angeles, San Francisco, Houston and Chicago, Citigroup ranks high on the list of MBA internships. According to TopMBA, Citigroup’s MBA interns participate in hands-on work alongside analysts and associates for 10 weeks.
“Citi’s programs give interns the opportunity to have a real impact while doing real work, and many of them return as full-time analysts and associates following graduation,” said Courtney Storz, Citigroup’s head of graduate recruitment and program management for North America.
The competitive internship program gives interns the chance to contribute as a member of the team to which you are assigned and have responsibilities similar to a first year professional. Citigroup utilizes the summer internship program as a primary source for hiring full-time employees.
Internships are available in investment banking, equities, fixed income currencies & commodities, global transaction services, technology and human resources. According to Citigroup, the firm offers a competitive salary for interns, similar to that of a full-time associate already hired in an entry-level position.
Best Boston MBA Programs For Your Buck
It would be a gross understatement to characterize earning a business school degree as a major investment of time and resources. For the vast majority of applicants, choosing the right school is often a matter of choosing the one they can afford. But if there’s any city in the North America that offers a veritable gallery of business schools for any budget, it’s Boston. We surveyed the Boston scholarship landscape so you don’t have to, and here are the best Boston MBA programs for your buck:
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George Washington School of Business Faculty Publishes New Research
Many faculty members at the George Washington School of Business are also respected members of the academic and research communities. Aside from teaching the next batch of business leaders, many professors also dedicate their time to learning more about the concepts, sciences and principles they are so passionate about. Here are just a few of the school’s standout faculty and their recent work:
Best Companies to Intern For in Chicago
MBA graduates will likely tell you that an internship was not only crucial in the process of pursuing their degree, but critical in helping enhance their credentials and ultimately played a major role in landing their first full-time job. According a National Association of Colleges and Employers (NACE) 2016 survey, employers extended job offers to more than 72 percent of their interns. Continue reading…
Industry Spotlight: Toronto’s Finance Sector
When looking at metros with bustling financial sectors and companies, New York is often is the first to come to mind. But how about our neighbors to the north? Toronto, Canada is also considered one of the world’s fast-growing financial hubs. Continue reading…
George Washington School of Business Alumni Profiled in Article
A recent article on BusinessBecause.com highlights the career and accomplishments of George Washington School of Business MBA graduate Mariane Maier Nunes. The piece features her as the CEO of ICOM, a community foundation that hopes to drive social innovation in her native country of Brazil.
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Top Chicago Startups: Midwest Businesses Boom
Last year’s Chicago Startup Report, an annual breakdown of funding for various entrepreneurial ventures in the Chicago Metro by Built In Chicago, explained that the Windy City just had it’s best year yet for start up funding. According to the Report, Chicago startup companies brought in $1.7 billion in funding, much of which was acquired by emerging tech companies like Avant, kCura and ArgonCredit. In total, more than 140 Chicago-area tech companies received funding. Continue reading…
Kogod Private Equity and Venture Capital Club Lives On
Five graduate students from The Kogod School of Business have revitalized a student organization at American University. After a year of inactivity, the Kogod Private Equity and Venture Capital Club (KPEVCC) found new life this past year. The resurgence of the once defunct club was outlined in an article published on the Kogod website.
Its return to competition surprised supporters, competitors and judges alike at the the Venture Capital Investment Competition (VCIC) Global Finals in Chapel Hill, North Carolina on April 7-9. Continue reading…
Alumni Spotlight: Lado Gurgenidze, MBA Emory Goizueta
Since earning his MBA degree from the Goizueta Business School at Emory University, Vladimer “Lado” Gurgenidze has charted a remarkable career, from successful career banker to political leader, from Georgia to…well, Georgia.
Hot MBA Jobs: Financial Manager
If you’re looking for a hot, fast growing, and in-demand job, then you should consider a career in Finance. According to the U.S. News, becoming a Financial Manager post-MBA is one of the smartest decisions you can make. The projected growth rate is 30% between 2014-2024, and it’s ranked as the #4 Best Business Job.
As for MBAs, more than 8 in 10 (84%) of finance and accounting firms plan to hire MBA graduates in 2016, and 24% of all alumni obtained a job in finance/accounting—making it the most sought-after job field. Continue reading…
Alumni Spotlight: Michael Quinlan, MBA ‘70
Whenever we do an alumni spotlight here at MetroMBA, we make sure to pick a prominent alumni to profile. In this instance the alumni is so prominent, that the graduate school he attended ultimately ended up re-naming their school after him. Sure, Michael Quinlan donated $40 million to Loyola University which undoubtedly played a part, but Quinlan’s impact on the school and each company he worked for revolves around more than just dollars and cents.
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Social Struggles of an MBA
Folks who are going back to business school for their MBA degree have more than just complex coursework ahead of them — many prospective MBAs face plenty of social struggles as well, in addition to the challenges of earning their degree.
Whether your particular program is full-time or part-time, in-person or online, you will soon be facing new challenges, some expected, others not. One thing is for sure, though — despite feeling a bit overwhelming at times, seeking your degree will be an exciting process. Continue reading…
Is An MBA Worth It?
For folks looking to break it big in the business world, seeking an MBA seems like an attractive option. With on-the-job training, networking opportunities, and impressive job placement statistics, pursuing a Masters of Business Administration degree almost seems like a no-brainer. Continue reading…
Cranfield University MBAs Gather for ‘Doing Good, Doing Well’ Conference
A group of seven MBA students from The Cranfield University School of Management recently attended the Doing Good, Doing Well Conference (DGDW) held in February in Barcelona.
The conference, which focused on social impact issues, brings MBA and MSc students from across Europe together to discuss ways in which they can create a sustainable, responsible business culture.
Guide to Professional Networking
Whether you are currently searching for a job with MBA in-hand, or only just starting the process of finding the right program for you, the ability to network effectively with other professionals is a key skill in any situation. Continue reading…
