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Jun 5, 2019

New Finance Careers Openings Announced

New Finance Careers Openings Announced

Many MBA graduates pursue careers in financial services after completing their degrees. Jobs in this field include product managers, financial analysts and asset managers, as well as roles in related emerging sub-sectors like FinTech. For MBAs looking to break into this field, check out our list of five exciting new MBA jobs at these top financial services firms: Continue reading…

May 30, 2019

MBA Career Comparison: Finance Manager vs. Product Manager

MBA Career Comparison: Finance Manager vs. Product Manager

Finance and product management are two possible career paths that MBA graduates would do well to consider.

Both roles deal with large-scale coordination of many moving parts. Finance managers consider the total financial health of a business, including long-term planning and investment activities. Product managers, on the other hand, oversee the development of a product or feature from inception to launch, which involves creating a business strategy and fine-tuning a product’s function. To get a better understanding, check out our breakdown of the professions below.

Continue reading…

Mar 13, 2019

Pharma Careers Highlight This Week’s Newest MBA Jobs

Pharma Careers Highlight This Week’s Newest MBA Jobs

As modern medicine and healthcare continues to advance, healthcare providers and pharmaceutical manufacturers require new hires with analytical abilities, business acumen and problem solving skills to help innovate. MBAs will be relied on to lead these firms, the miracle drugs they produce, and the lives they serve, into the future. Here are just a few new MBA jobs currently available in the healthcare provider and pharmaceutical fields. Continue reading…

Feb 27, 2019

Career Focus: Recruitment at Bristol-Myers Squibb

Career Focus: Recruitment at Bristol-Myers Squibb

Pharmaceuticals—whether it’s the research & development side of the industry, or the IT, supply chain, marketing, HR or accounting end of things—is an industry that needs responsible leadership as it continues to transform. Fortunately for MBAs, there are a number of programs specializing in pharma and healthcare, with a diversity of openings.

Bristol-Myers Squibb is well known for its university recruitment and co-op/internship programs.  With headquarters in New York City, and facilities across the country, BMS places students from some of the country’s leading universities within its ranks. The following is a rundown of Bristol-Myers Squibb’s university recruitment programs.

Continue reading…

Feb 19, 2019

Northwestern Kellogg Faculty Offer Career Development Advice

Northwestern Kellogg Faculty Offer Career Development Advice

To develop your career, you have to take steps to make it happen—strategic ones. To help, Northwestern University’s Kellogg School of Management faculty got together, offering five pieces of advice for career development, no matter where you are professionally.

1. Build Influence in Your Organization

You don’t need to be a manager or team leader to influence your organization. Power in the workplace isn’t about coercing people. Instead, it’s about “mobilizing political support,” says Management and Organizations Professor William Ocasio.

To build this type of political capital, he recommends seeking out assignments that are likely to succeed to build your good reputation early and quickly. He also recommends understanding your organization’s culture, so that you advertise yourself appropriately.

2. Learn to Negotiate

According to Victoria Medvec, Professor of Management and Organizations, you need to learn to negotiate if you want the best assignments and promotions. She recommends thinking through what the other side needs and then presenting your skills and experience in such a way that you fill in the blanks. She also says that you need to lead the discussion by making the first offer.

“You will gain an advantage by creating the starting point, putting the right issues on the table, and being the one who frames the rationale,” Medvec says.

3. Become a Mentor

You can learn a lot by becoming a mentor. It offers many benefits, providing insight into both an organization’s political environment as well as the effectiveness of your organization’s communication strategy. According to Senior Fellow and adjunct professor Diane Brink, mentors learn to understand their organization better, and they learn new skills. Sometimes, just by talking with another person, you can figure out new tools, techniques, and applications essential to your own role.

4. Look for a Second Act

If you’ve climbed as high as you can in your given career, it’s not the end of the road. Clinical assistant professor Ellen Taaffe recommends looking for a potential “second act”—a new professional phase where you apply your skills and talents in a social or educational arena. The key is to find confidence in your story and create a larger narrative that explains who you are.

Just make sure that when you leave your current professional arena that you don’t drop all your contacts there. Instead, continue to cultivate your network and look for new doors that you can walk through.

5. Take Time for Self-Reflection

There’s always room for growth. One way to continue growing is to go through daily self-reflection, according to Clinical Professor of Strategy Harry Kraemer. He commends that you take time every night to define your priorities and hold yourself accountable. This is how leaders ward off disaster, plan for every outcome, and build stronger teams.

Some prompts for self-reflection:

  • What am I proud of? What am I not proud of?
  • How did I lead people? How did I follow?
  • What did I do today? What would I do differently?

Read the full article, “Take 5: How to Take Charge of Your Professional Development

This article has been republished and edited with permissions from its original source, Clear Admit.

Feb 6, 2019

New York Life Careers: What MBAs Should Know

New York Life Careers: What MBAs Should Know

Choosing the right job after earning your MBA is always intimidating. The degree opens a multitude of paths for professionals entering the marketplace. However, the sheer number of available options can be a double-edged sword, and it is important that b-schoolers do their due diligence to find the right company and career track for them.

For those looking to work at a company with a rich history, New York Life Insurance Company may be the right choice. Not only if New York Life one of the US’s oldest Fortune 100 companies, the company consistently makes Fortune’s list of the “World’s Most Admired Companies.” Below, we’ve laid out some of the opportunities available to MBA’s looking to work at New York Life Insurance, so that you can gauge whether it might be the right fit.

New York Life Career Opportunities

Two possible tracks for those seeking employment with New York Life: as agents, or as a member of the corporate team.

There are many options for aspiring New York Life Agents. There are entry level positions for new agents looking to grow their business and gain experience and knowledge of the field. More experienced agents are also encouraged to apply. Experienced professionals can also apply for a sales management/partner position. Those in this position will oversee the recruitment and development of sales teams.

Though opportunities for non-MBAs abound, MBAs are at a significant advantage here. Those who have completed their MBA within 24 months are eligible for the management fast-track, a program wherein select employees can advance to management within a year of being hired. These hired will take on roles as Associate Partners once they have met training requirements. It should be noted that New York Life prefers for fast-track applicants to be Life and Health licensed, have some previous sales experience, and have FINRA registrations of Series 6 or 7 and Series 63.

What Kind of Salary Should You Expect at New York Life Insurance?

The salary of New York Life Insurance agents can vary wildly, considering commission is significant portion of the career incentive. According to Glassdoor data, base-level agents can expect a total annual pay of $51,322. This includes salary (around $42,000), plus benefits, commission, and more. Of course, an advanced degree can greatly increase annual compensation, with some agents earning over $100,000 per year.

Those seeking to enter the corporate side of New York Life also have plenty of options. With over 9,000 corporate employees, there is a position for nearly every type of business-minded application. Whether you want to work in marketing and communications, technology, sales support, investments, leadership and management, or a host of other fields, New York Life offers plenty options and support.

PayScale data indicates that several MBA-level positions offer obvious lucrative benefits. The average marketing manager at New York Life, for instance, makes an average annual salary of $83,729. This is early double the amount administrative assistants and client services representatives make.

New York Life Internship Opportunities

New York Life offers several internship opportunities based on the company’s specific needs. However, the company has a couple of specific programs tailored for interns. For those with an interest in actuarial studies in their junior or senior year of undergrad, or pursuing their MBA, the Actuarial Summer Internship Program may be a desirable option. In this program, interns receive projects from each area of the company actuarial departments and work alongside full-time actuaries. They receive training in the relevant software, meeting with the other interns every two weeks to touch base. They also benefit from monthly presentations by the New York Life actuaries, and a variety of social events.

The company also offers a Summer Finance Internship Program, wherein juniors and seniors balance a real-world work environment with weekly seminars and mentoring support from full-time employees. According to the New York Life Website, finance interns may be, “placed across the organization in Corporate Finance, the Insurance and Agency Group, and the Investments Group, including Mutual Funds and Investment Boutiques.”

An Inclusive, Diverse Company Culture

New York Life boasts a client-first culture, wherein employees ensure that the people they are serving are their first priority. That doesn’t mean clients are the only priority. In fact, Forbes ranks New York Life 18th on it’s list of Best Employers for Diversity. The company states:

“We collaborate, to make sure we deliver the absolute best for our clients. We go above and beyond to give back. And we never seek financial gains at the expense of our values.”

Profile Magazine recently highlighted the company, called, “How An Inclusive Culture is Reshaping New York Life.” The article highlights New York Life’s active efforts toward inclusivity, as well as the loyalty of the company’s employees, and the ethical approach the company takes to serving clients and the community.

Dec 20, 2018

The Best Business Schools for a Career in Project Management

The Best Business Schools for a Career in Project Management

Broadly defined by the Project Management Institute, project management is “the application of knowledge, skills, tools, and techniques … to meet a project’s requirements.”

A successful project comes to fruition only with the leadership of someone who is trained in time management, resource allocation, negotiation, conflict resolution, and budget planning. These are all skills one can acquire with a project management focused MBA. Continue reading…

Oct 22, 2018

The Perfect MBA Career: Portfolio Manager

The Perfect MBA Career: Portfolio Manager

If working in investment strategy seems appealing, then a job as a portfolio manager may be right for you.

Continue reading…

Oct 3, 2018

Looking for a Career in Banking? Consider These MBA Programs

Looking for a Career in Banking? Consider These MBA Programs

For MBAs who seek positions in finance, investment services, commercial and investment banking, or in the emerging universe of Fintech, a degree with a banking focus may be just the thing to pursue.

Here is a glimpse at some of the top schools for banking MBA programs.

Continue reading…

Jul 30, 2018

MBA Recruiter: Starting Your MBA Career with Cisco Systems

MBA Recruiter: Starting Your MBA Career with Cisco Systems

Cisco Systems, a leader in computer networking, is constantly looking for MBA talent. Founded in 1984 by two computer scientists from Stanford University who sought an easier way to connect different types of computer systems, the multinational corporation now hires MBAs from top business school across the country. Continue reading…

Jul 19, 2018

Finding Your New Career: What MBAs Need to Know About Aetna

Finding Your New Career: What MBAs Need to Know About Aetna

Founded in 1853, Aetna Inc. has long been one of the most successful health care companies in the world. Serving roughly 37 million consumers, Aetna makes it a priority to recruit diverse and dedicated individuals to their team of nearly 50,000 employees throughout the U.S. The company’s wide reach and impact on the world of health care cannot be overstated; last year, the company made headlines with the huge announcement that it would be purchased by CVS in a $69 billion acquisition—a move which one New York Times report said would “reshape the American health care industry.”

With a commitment to finding skilled team members, and with needs ranging from health care to technology to financial services, it’s no wonder that Aetna and MBAs can make a perfect pair. Aetna has a long history of MBA recruitment, offering a Summer Associate Program which was recently named in Vault‘s 2018 “Top Internship Survey” as the second “Best Healthcare Internship” and ninth “Best Financial Services Internship.”

Why MBAs Love Aetna

Even with massive growth and the status of Fortune 50, Aetna can hardly be described as a stuffy or overly bureaucratic workplace. And it’s no wonder with a mission to help people and build a healthier world that that work should start with their own employees. The recognition Aetna has received for their diverse workplace speaks for itself: in 2016, the Human Rights Campaign Foundation named the company among the best places to work for LGBT employees. Other awards include a 2015 “Best Employer Healthy Lifestyles Platinum Award” form the National Business Group on Health, as well ranking in Training magazine’s “Training Top 125” as the 60th best company for employee development.

MBAs may be drawn to a potential Aetna career for its focus on employee development and creating a diverse workforce, but they probably stay for the payday. According to Payscale, MBAs at Aetna can make anywhere from $84,000 to to $10,200, a significant increase from the average salary for those with undergraduate degrees (around $70,000).

In addition, Aetna’s benefits package truly reflects the company’s strive towards healthy lifestyles. In addition to healthcare, company benefits include coverage for services like counseling, legal and financial support, employee discounts, and access to fitness centers.

Life at Aetna

Aetna offers a number of early career opportunities for recent graduates, which focus on area-specific training and providing access to a network of mentors and experienced professionals. Interested students will find development programs in a wide range of fields, including:

  • Actuarial
  • Finance
  • General Management
  • Human Resources
  • Information Technology Leadership
  • Information Technology Technical Training
  • Sales
  • Underwriting

The details of each program vary from field to field, but typically span anywhere from three to six years. Most programs also include rotations that will allow students exposure to the wide variety of opportunities open at Aetna, even within a particular area. For example, possible rotations included in the Financial Development Leadership Program include business finance, investor relations, tax, and corporate investment. After the program is completed, graduates will be placed in a full-time position, though the professional development and advancement opportunities will continue long after the program is done.

Landing an Aetna Career

Aetna is an active recruiter of MBAs and interested students should keep an eye out for professional recruiting events and career fairs throughout the country.

Each Aetna career has different requirements, but most early career programs expect applicants to have a GPA of 3.0 or higher, an undergraduate degree in a related field, strong analytical and communication skills, and the ability to succeed in a fast-paced environment.

In addition to the early career program, at the time of writing, there are 16 open jobs that require or strongly prefer applicants with MBA degrees. Below is a small sampling of the types of jobs available to MBA graduates at Aetna:

Product Strategy Manager – New Insurance Plan Design

  • The Product Strategy Manager, a position for which candidates with top tier MBA degrees are preferred, will be at the forefront of decisions surrounding what healthcare is and how/where/when its delivered to those in need. According to data reported to Payscale, individuals in this role earn an average salary of $123,000 each year.

National Accounts Product & Solutions Leader

  • Requiring an MBA and at least eight years of professional experience, the National Accounts Product & Solutions Director will “execute the product and solution strategy for the company in the national account employer group market” through collaboration as a member of the Large Group Solutions team.

Lead Marketing Analytics Consultant

  • The Lead Marketing Analytics Consultant will use statistical predictive models to problem solve and help make decisions. The person in this role will also serve as a key contact for business stakeholders, and must be able to easily convey their predictions and recommendations to senior leadership. For this role, Aetna seeks someone with at least 7 years total business experience with an MBA preferred.

Jul 2, 2018

Finding A Real Estate Career with a Chicago MBA

Finding A Real Estate Career with a Chicago MBA

The number of MBAs who pursue a real estate career may not be as large as those in finance or consulting, but even still, some of the most prestigious business schools in the Chicago metro offer MBA programs that specialize in the field. Continue reading…

Jun 7, 2018

Chicago MBA News: Kellogg Offers Sound Insights On How To Launch Your Career; Mendoza Research Finds That Extreme Pharma Price Competition May Pose Health Risks; Booth Prof Wins Onassis Prize

Chicago MBA News: Kellogg Offers Sound Insights On How To Launch Your Career; Mendoza Research Finds That Extreme Pharma Price Competition May Pose Health Risks; Booth Prof Wins Onassis Prize

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

Launch Your Career on the Right TrajectoryKellogg Insights

Kellogg recently published an article jam-packed with insights and skill cornerstones for current MBA students to more effectively launch their careers into the C-suite stratosphere. Here are a few takeaways from the piece:

  1. People Management 

“Successful executives know how to manage people. The building blocks of people management include learning how to 1) manage your own performance, 2) manage your reporting relationship with your boss, 3) manage your performance as a team member, and later 4) manage a small team.”

  1. Business Core Knowledge 

“The launch years are the time to gain mastery in one function such as finance, accounting, or marketing, while simultaneously building a basic understanding of all the other functions.”

  1. Organizational and Strategic Curiosity   

“Leading at the top also requires understanding how organizations change over time and how organizational cultures can either help or hurt the change process.”

  1. Relationship- and Network-Building Skills  

“Successful executives nurture and expand their web of relationships over the course of their careers. The launch years are the time to begin that process by getting to know well a group of people in a cohort, team, and function.”

Read the full article here.

Extreme Price Competition in Pharmaceutical Industry May Put Patients at Serious Health Risk, Study ShowsMendoza Ideas & News

Mendoza Assistant Professor of IT, Analytics, and Operations Kaitlin Wowak, in conjunction with IU Kelley’s George Ball and the University of Minnesota’s Carlson School of Management’s Rachna Sh,ah recently published new research into the effects that pharmaceutical industry price competition has on patients

In “Product competition, managerial discretion and manufacturing recalls in the U.S. pharmaceutical industry,” due for publication in the Journal of Operations Management, the trio explored a tactic in which pharmaceutical industry policymakers “expedite approval process for generic drugs” by leveraging “regulations to increase product competition and lower prices.”

According to the article, this strategy “may encourage companies to relax quality standards during the manufacturing process, which may put more patients at serious health risk due to lower-quality products and more product recalls.”

Wowak writes, “We find that product competition is not only associated with more product recalls, but this relationship is contingent on the amount of managerial discretion surrounding the recall decision. Specifically, we find that product competition is positively associated with high-severity, low-discretion recalls—such as Class 1 and Class 2 recalls, which can cause death or medically reversible harm to consumers—and negatively associated with low-severity, high-discretion recalls—such as Class 3 recalls, which include minor mislabeling issues.”

Read the full article here.

Chicago Booth Professor Wins Onassis Prize in Finance–Booth Blog

Douglas W. Diamond, Merton H. Miller Distinguished Service Professor of Finance at Booth, was recently awarded the 2018 Onassis Prize in Finance for his groundbreaking work on what central bankers, regulators, policy makers and academics do, why they do it, and the consequences of these arrangements.

The $200,000 prize recognizes “the world’s foremost academics in the fields of finance, international trade and shipping.” Diamond is “considered the father of modern banking theory” whose research “changed the way people view banks.”

Read more about Professor Diamond and his fellow Onassis Prize winners here.

May 8, 2018

Listen to MBA Career Advice from These USC Marshall MBA Alumni

Listen to MBA Career Advice from These USC Marshall MBA Alumni

How does an MBA fit into your career? What are some steps you should take to ensure that your MBA aligns with your career goals? These are the questions that four MBA alumni seek to answer in the two-part Constructing a Career Podcast from the USC Marshall School of Business.

In the first part of the podcast, listeners hear from Doug Montgomery, the VP of customer insight at Warner Brothers, as well as Regina Leung, the founder of Mayflower Health Consulting. They each take the time to talk about pursuing an MBA no matter the stage of your career, providing tips and lessons learned along the way.

The second part talks about how an MBA can and should impact your job strategy. Advice is provided by Ana Maria Stingi Guemáraes, the audit director of MUFG Union Bank, and Grant Ingersoll, the president of Integrated Oncology Network.

All four are graduates of USC’s IBEAR MBA program, which gives them unique insight into using the USC Marshall MBA in your future career. Below are some of the most pertinent points and insight from both podcasts. Continue reading…

Apr 12, 2018

New Northwestern Career Video Series Tells You How to Own Your Career

New Northwestern Career Video Series Tells You How to Own Your Career

The Career Management Center (CMC) at Northwestern University’s Kellogg School of Management recently launched the “Own Your Own Career” video series aimed to develop brave leaders.

The series was created for prospective and current students, along with alumni, to discuss aspects of managing a career throughout its life cycle. The videos also touch on how Kellogg students can bring value to employers and demonstrate the qualities they seek.

The goal of the video series is not only to help students launch their careers, but also to help them gain the skills and mindset they need to manage their careers over a lifetime, explains Liza Kirkpatrick, senior director of the CMC for the full-time MBA program at Kellogg.

Kellogg Senior Director of Career Management Liza Kirkpatrick

“To that end, we enlisted some of the best minds at Kellogg to address topics that are foundational to owning your career—developing your network, career agility, resiliency, selling your career, and leadership.”

Kirkpatrick continues, “These quick videos tell a narrative about career management that will resonate with and be informative to a broad array of audiences, including prospective and current students.”

The first four episodes of the “Own Your Own Career” series are already online.

  • Episode 1Starting the Career Journey—The first episode highlights three different individuals: Liza Kirkpatrick, Adnan Rukieh, director of the CMC for the executive MBA and evening & weekend MBA; and Matthew Temple, director of the CMC for alumni career and professional development. Together they discuss how individuals can start their career right now.
  • Episode 2: Professor Harry Kraemer on Networking—The second episode delves into the importance of networking, emphasizing the value of helping others so they might return the favor in the future. Kraemer talks about networking as a lifelong journey and a key to reaching the C-suite.
  • Episode 3: Associate Dean and Professor Bernie Banks on Leadership—This third episode discusses what it takes to be an influential leader who inspires people to perform. Banks dives deep into the situational nature of leadership and how to get people to fulfill your expectations.
  • Episode 4: Professor Carter Cast on Career Agility—In episode four, Cast talks about being self-reflective during a career transition. He encourages viewers to understand their strengths and weaknesses and to think several steps ahead when it comes to their career.

The video series enhances and expands the CMC’s foundational work by highlighting faculty and industry thought leaders who can provide practical examples based on their experience of how to actively manage or own one’s career,” Kirkpatrick says.

“The series provides a roadmap for being proactive and present in your own career development and encourages students to continue asking the right questions to shape their career, not only while looking for a job, but throughout their entire career life cycle.”

This article has been edited and republished with permissions from our sister site, Clear Admit.

Feb 22, 2018

How Can You Earn a Career at Deloitte?

How Can You Earn a Career at Deloitte?

In 2017, Deloitte placed 11th out of “Fortune’s 100 Best Companies” to work for. It achieved its top slot thanks to the company’s focus on work/life balance where “you decide how fast paced/slow paced you want to take it.” In fact, 91 percent of Deloitte employees say their workplace is great with:

  • Great challenges (96 percent)
  • Great atmosphere (95 percent)
  • Great rewards (94 percent)
  • Great pride (97 percent)
  • Great communication (95 percent)
  • Great bosses (94 percent)

So, it’s no wonder that Deloitte is a top career choice for many MBA students. The company fits the 33 percent of 2016 post-graduate MBAs who want to work in consulting according to the 2017 Prospective Student Survey conducted by the Graduate Management Admissions Council (GMAC). And Deloitte also falls into the Big Four—KPMG, EY, PwC, and Deloitte—a prestigious place to be.

In addition, Deloitte is a major MBA recruiter with a depth of different career opportunities including Strategy & Operations, not just consulting. According to Transparent Career—a GlassDoor for MBA students—Deloitte ranks as the seventh best consulting company to work for with a composite score of 81/100.

Why You Should Consider Deloitte

So, why should you consider Deloitte as your next career move?

  • Culture: For 18 years, Deloitte has been on Fortune’s “100 Best Companies to Work For” list. That indicates consistency.
  • Giving Back: Deloitte supports more than 5,000 nonprofits each year through its workplace giving program. Plus, workers gave more than 440,000 volunteer hours in 2016.
  • Inclusion: Approximately 2/3 of Deloitte’s new hires were women and minorities, and DiversityInc ranks it as one of the “Top 50 Companies for Diversity” and has done so for 13 years.

Deloitte also pays very well. In fact, according to a recent Business Insider article, Deloitte is ranked as the fifth best paying consulting firm for MBAs. Deloitte Consultants can expect a total compensation package of $221,250. The break down is as follows:

  • $25,000 signing bonus
  • $149,000 base salary
  • $2,500 relocation local or $10,000 relocation out-of-state
  • Up to $37,250 in performance bonuses

As for what working at Deloitte is like, according to efinancialcareers, “People say they love working for Deloitte because of its ‘dedicated workforce, dynamic and exciting work environment [with] opportunities for professional growth and advancement,’ as well as its ‘flexibility and mobility’ and ‘interesting assignments.’”

And one current employee described Deloitte as “invested in learning and development” saying that “partners and directors are very approachable” while coworkers are “well-educated and professional.”

Life at Deloitte

What’s a day in the life of a Deloitte new hire look like? It depends on where you work. Deloitte isn’t just a consulting company. MBAs can work in a variety of industries including banking, energy, national defense, real estate, and entertainment and in a variety of functions from mergers and acquisitions to audit and assurance, tax, and financial advisory.

Your career path at Deloitte will depend on where you’re hired. If you’re thinking of a career in management consulting, then joining the Strategy & Operations program as a Business Analyst is a smart move. As an MBA, you’ll start at the senior consultant level for two to three years. From there, you’ll move to manager for three to six years, senior manager for 406 years, and then finally reach principal/director. Within this career path, you’ll help market-leading client organizations tackle their complex business programs to drive results. You’ll be exposed to a variety of industries, clients, and projects.

There are quite a few other options as well. You can join Deloitte as a:

  • Senior Consulting in Technology, where you’ll make strategic decisions where technology intersects with business strategy. In this position, you’ll use technology to help companies grow and evolve.
  • Human Capital Consultant, where you’ll help clients develop solutions across their enterprise looking beyond human resources.
  • Audit Staff Assistant, where you’ll work with a team to navigate the difficult landscape of auditing first-hand.

Depending on your previous experience, MBAs at Deloitte can work in one of eight divisions:

  • Audit
  • Consulting
  • Financial Advisory
  • Internal Client Services
  • Real Estate
  • Risk
  • Tax Consulting
  • Technology

Landing a Deloitte Career

Landing a job at Deloitte starts with their Deloitte Consulting Immersion Program, Client Service Internship, and various competitions. In each of these programs, MBA students will have the opportunity to interact with higher-ups at Deloitte who are responsible for hiring.

During the internship, MBA students will spend eight to ten weeks working in one of four business functions: risk and financial advisory, audit and assurance, consulting, and tax. On the other hand, the Immersion Program is just three days in length but provides MBAs with the opportunity to evaluate the depth, breadth, and quality of the job opportunities at Deloitte. As for the competitions, the National Case Competition and the National Consulting Case Competition are held at Deloitte University each year—inviting top students from MBA programs around the world.

Still, landing a job at Deloitte isn’t easy. Heidi Soltis-Berner, the Managing Director for talent at Deloitte, told efinancialcareers:

“We’re always looking for the best talent, and we’re pretty selective in who we hire. Overall, our applications were very similar to last year—we got around 500,000, and in the fiscal year 2016 we hired approximately 18,000 individuals, about 50 percent to 60 percent were from a campus setting, which equates to about a 4 percent hiring rate, pretty close to what it was last year.”

Specifically, at the graduate level, Deloitte added 6,400 new hires in 2016—most of those post-internship. According to the Deloitte website, qualified MBA candidates looking to earn a Senior Consultant position should have:

  • 3-5 years work experience (preferably in a large company)
  • A high level of personal and professional experience and history
  • Superior analytical skills
  • Willingness to travel
  • Leadership capabilities and solid teamwork skills
  • Exceptional communication and interpersonal skills

Feb 19, 2018

Top MBA Recruiters: Finding Your MBA Career at PwC Firm Strategy&

Top MBA Recruiters: Finding Your MBA Career at PwC Firm Strategy&

Navigating job applications and interviews after all the hard work of earning your MBA can be tiresome. After devoting a year or more of your time to gaining the skills of a top business professional, shouldn’t future companies be knocking down your door?

It might not be that easy, but there are certainly a number of companies currently seeking the best and the brightest up-and-coming business leaders, who acknowledge the kind of skills an MBA can contribute to their team. Among them is Strategy&, one of the top recruiters of MBA students at business schools throughout the world.

For MBA graduates looking for careers in the consulting industry, Strategy& could be the perfect opportunity to break into the field and develop critical skills in strategy and consulting. And as an MBA graduate with a wealth of knowledge within the industry, companies like Strategy& are probably also looking for you.

About Strategy&

Strategy& was established more than 100 years ago by Edwin G. Booz, eventually being known for most of its life as Booz & Company. In 2014, the firm was acquired by PricewaterhouseCoopers (PwC), when it was renamed to Strategy&. The firm is headquartered in New York City, with more than 57 offices throughout the world. Today, the company features roughly 3,000 employees and more more than $1.3 billion in revenue.

Strategy& functions currently as the strategy consulting team for PwC, offering strategic solutions in an uneven business climate, helping companies to transform, invest in growth, and stay in tune with business trends even through rapidly changing times.

Why MBAs Love Strategy&

Strategy& is an active recruiter from business schools around the world, including top programs like Harvard Business School, NYU Stern, and INSEAD, among many others. The company is also supportive of staff who have not yet earned an MBA but hope to advance their business education. Strategy& even offers junior staff the chance to apply for full MBA sponsorship, and provides flexible work opportunities so students can pursue a degree while still maintaining their career.

The Strategy& consulting experience is shaped in a way that relies on mentorship, with a 1:6 ratio of partners to junior consultants. For MBA students—who have already demonstrated an interest in investing in their growth and education in the field—this type of setting means that class is always in session.

Life at Strategy&

New consultants at Strategy& can expect a clear and structured path laid out at the start of their career, with rapid career progression possible. New associates will advance towards roles as partners, typically spending two to three years at each level along the way.

While undergraduates would begin in associate roles, those with MBA degrees can jump right in at the senior associate level. Senior associates have the opportunity to develop their skills by working closely alongside clients to resolve complex issues and guide clients and their companies towards success. From there, MBAs could move upward into a manager role, then director, and finally partner.

The development of strong mentor relationships is seen as crucial at Strategy&. Mentors will provide a constant source of support for new associates, offering guidance as they move upwards through the company, choosing projects they are passionate about and forming strong professional networks. Mentors will also provide real-time feedback, helping pave the way for a successful career.

Landing a Job at Strategy&

Strategy& is an active recruiter of MBA programs throughout the country, where they may host events on campus and offer direct information to students on applying for positions at the company. Students from any program, even if the school does not actively recruit there, are able to apply directly for their internship and job openings through their website. Jobs are available at a number of the firm’s locations throughout the country and around the globe.

Summer internship opportunities are a great way for students to get their foot in the door at Strategy&, and may end up leading to full time employment. This was the case for Bryan, now a director at the company and based out of Chicago. Bryan interned for the company during the summer while earning his MBA at the University of Chicago Booth School of Business. He completed his MBA in 2011, joined Strategy& as a full-time colleague, and is now a key member of the Technology Strategy team.

“I had the opportunity to do an internship with the firm between my first and second year at business school, and I came away impressed with the caliber and character of the people at the firm,” Bryan said of his experience with Strategy&. “In only nine weeks, the camaraderie and professional bonds that I was able to develop with my teammates, fellow interns and leaders at the firm was special.”

Feb 12, 2018

Finding Your Dream MBA Career at Barclays

Finding Your Dream MBA Career at Barclays

For over 300 years, Barclays has been one of the leading international banks for both consumer corporate investments. MBA candidates are drawn to Barclays not only for its stature in the global finance industry but also for the vast array of professional opportunities it offers. Within business banking, corporate banking, customer banking solutions, marketing, investment banking, and technology career paths, Barclays’ training, mentorship, networking, and travel opportunities are often unparalleled in the financial industry.

Barclays’ MBA Recruitment Program

At Barclays, one major key to continued growth and success consists of building strong interdisciplinary business networks. As part of Barclays’ ongoing development opportunities, the company maintains a robust campus recruiting system. Barclays makes a point to develop relationships with their future prospects as early as possible in their educational and professional careers.

For students pursuing an MBA, Barclays offers the MBA Ambition Diversity Program, a summer internship program dedicated to talented and motivated MBA candidates. Within the MBA Ambition Diversity Program, Barclays initially gives a candidate a “condensed version of our on-campus recruiting process during the summer before you start your MBA, culminating in interviews at our New York office.” Successful candidates will then be offered an internship position the following summer after the first year of business school is completed. Once a candidate has been accepted, Barclays offers a fellowship program that “provides $45,000 toward first-year tuition and academic expenses.”

Barclays prides itself in seeking out women, men, and non-binary individuals of all backgrounds to cultivate a diverse environment for employees to learn from one another. The idea is that this multifaceted workspace will help employees expand their cultural perspective as they embark on a career in global finance.

As of October 2017, Barclays has begun to offer free accommodation for graduates taking job interviews in London, Birmingham, and Manchester. This is for all graduates—not only Barclays applicants.

The Barclays Career

In 2016, Barclays’ head of banking associate recruitment, Kristi Robson, explained in an interview that MBAs are commonly hired into their banking division where Barclays has its largest intake. Banking interns and employees generally move into a product or coverage role within Equity Capital Markets or Technology, Media & Telecommunication, for example. Robson explains, “We do hire a small number of MBAs into our research business but this is dependent on business need.”

According to the 2017 WSO Investment Banking Industry Report, first-year analysts earn between $70,000 and $150,000 USD based on experience and by year three average between $120,000 and $350,000. “At the analyst level, it is not uncommon to work between 80 to 120-hour weeks at some firms. Most analysts start in the summer and receive their first investment banking analyst bonus around June or July, approximately one year after the analyst starts working. Analysts also often receive a signing bonus from $5,000 to $20,000, as well as a moving bonus if they are transferring laterally to a different bank.” For these reasons and more, Barclays strives to provide their candidates with every opportunity to grow professionally.

Education Opportunities

The following London MBA programs are reputable feeders for roles at Barclays. They are all remarkable schools for distinct reasons but each provides a formidable mix of business education and valuable alumni networks:

If you’re driven and wish to work for a large organization that still believes in “small-business”-style relationships and offers unique opportunities to develop business skill-sets and global perspectives, then Barclays could be the perfect fit.

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