Top MBA Recruiters: Anthem, Inc.

Founded in 2004, Anthem, Inc. is one of the largest health insurance providers in the United States, and it is the largest for-profit managed healthcare company within the Blue Cross Blue Shield Association. With approximately 40 million members, $92 billion in revenue, and 63,900 employees, it’s a market leader in health services.

Outside the MBA: The Highest Paying STEM Management Degrees

STEM is everywhere. You hear about it constantly when it comes to career fields. The U.S. Department of Labor predicts that there will be more than 10.5 million jobs in STEM by 2028, but not enough employees to fill in the gaps. It’s partially why STEM has become increasingly important in education.

The Newest MBA Accounting Jobs

While MBAs have the pick of the litter when it comes to professional paths, accounting has always been a dependable option. This week’s positions go out to the number crunchers, bean counters, and ledger lovers.

Krannert School of Management – Purdue University

History

In 1933, Purdue University delivered its first Bachelor’s degree in economics, offering an MS in economics the following year. Decades later, in the early ’50s, Purdue’s Department of History, Economics and Government separated its Department of Economics, becoming the Department of Economics in the School of Science, Education and Humanities. In 1956, three years after the department split, the school introduced the Department of Industrial Management and Transportation within the Schools of Engineering, creating the Master of Science degree in industrial management. After expanding the school’s Master’s programs, Purdue University formally introduced the Krannert Graduate School of Industrial Administration in 1962, after receiving a $2.73 million endowment from Herman C. and Ellnora Decker Krannert.

After years of continued expansion and implementing more Master’s offerings, the Purdue University Board of Trustees officially changed its name to the Krannert Graduate School of Management and School of Management in 1976. Decades later, the school officially changed its Master of Science in Management to the Master of Business Management, and soon-there-after introduced several alternative MBA programs, including the Weekend MBA, Executive MBA, and the all-new Online MBA.

The business school is AACSB-accredited.

School Rankings

• U.S. News & World Report: 74 (tie)
• Bloomberg: 50 (U.S.); 61 (Global)
• Forbes: 40
• Financial Times: 75
• The Economist: 80

Location(s)

The Krannert School of Management is located in the Eastern part of the Purdue University campus in West Lafayette, Indiana, near the coast of the Wabash River. The unique campus has its own airport, which is less than two miles away from the Krannert School of Management.

Facilities

The majority of undergraduate classes at the Krannert School of Management are held at the Krannert Building, while many of the graduate offerings are held at Rawls Hall. The former was opened in 1964, with the latter opened in 2003 after the school received a $10 million donation from Jerry S. Rawls Hall. The 128,000 square-foot, four story building features 13 state-of-the-art classrooms, auditorium, 25 break rooms, computer labs, and a dedicated career center.

Faculty

The Krannert School of Management teaches the following specializations: accounting; economics; finance; management & information systems; marketing; OBHR; quantitative methods; strategic management; and supply chain and operations management.

Student Body

The most recent Purdue Krannert full-time MBA class featured 48 students, 33 percent of which are female. The average age of the class is 28. Students join the program with an average of 5.4 years of work experience, a 633 GMAT score, a 3.26 undergraduate GPA, and a 102 TOEFL score.

MBA Degree Offerings

In addition to its full-time MBA program, the Purdue University Krannert School of Management offers a part-time Weekend MBA, an Executive MBA, and an all-new Online MBA, arriving in 2020.

Where Should I Work? Bain or Boston Consulting Group

When it comes to the consulting industry, there are three top dogs: McKinsey, Bain, and Boston Consulting Group (BCG). These three elite firms offer a unique blend of prestige, expertise, and history, which make them highly sought-after employers, particularly for MBA grads. But since they’re all part of the same exclusive club, how do you know where to accept a job offer: Bain or BCG or McKinsey?

Top 5 Healthcare Masters Programs in Western Canada

Healthcare in Canada is a booming business. In 2018, total health expenditure was expected to reach $6,839 per person or $253.5 billion total—11 percent of Canada’s GDP. So, it should be no surprise that healthcare careers are surging.

5 Questions With The Purdue University Krannert School of Management

In our latest installment of the MetroMBA “5 Questions” series, we speak with members of the Purdue University Krannert School of Management. The business school is introducing a new Online MBA program, arriving early 2020.

1.) Why Was the Time Right for Purdue to Introduce an Online MBA?

“It’s an exciting time for Purdue University and the Krannert School of Management, with many new online initiatives, all of which have business components. From professional students to corporate partners, the flexibility of online delivery is a requirement. Because of this, now was the right time to rethink how Krannert is engaging online strategically and the first step in that strategic plan is offering our MBA fully online.”

2.) What Will the Program Offer That Other Online MBA Programs Don’t?

“At the Krannert School of Management, we are very focused on the ROI for the graduate in conjunction with an exceptional student experience. The Purdue Online MBA will focus on preparing the student for a technological world and provide an exceptional student experience via team-based coursework, experiential learning and excellent student support, all the while limiting cost to provide the high value that is expected from a Krannert program.”

3.) Is This a Sign for More Online Programs to Come at Purdue Krannert?

“Yes, Krannert will be launching a series or additional courses, certificates and master’s programs that build off the framework provided by the Online MBA program. Opportunities include topics such as: business analytics; leadership, negotiations & change management; innovation & tech commercialization; economic policy; and interdisciplinary options. Collaborations across the Purdue campus will provide a rich set of offerings and flexible pathways, allowing students to use course and certificate work to build to a full degree.”

4.) For Potential MBA students, What Would You Say is an Advantage in the Online Program in Contrast to Full-Time or Part-Time Programs?

“All three are great options that serve a different need and it is a very individual choice on which modality is best for the student. If flexibility is the primary need, the online program is the best option. The ability to fit the program in at your own pace and on your own schedule from anywhere in the world is a huge advantage for working professionals. Online programs also have richer elective options than many part-time programs.”

5.) What is the Perfect Kind of Student for the Purdue Krannert Online MBA?

“The Purdue Online MBA program from Krannert is designed for working professionals. A perfect student would be someone with 3–10 years of working experience who is moving into a team lead, management position or looking to start his or her own business. We emphasize analytics throughout the curriculum so potential students should be analytically minded and appreciate technology, although we do expect students from both STEM and non-STEM undergraduate programs to be part of the MBA program. Finally, the ideal student should be hungry to lead and move their career forward.”

Top MBA Recruiters: SAP

SAP, which stands for Systems, Applications, and Products in Data Processing, was founded in Weinheim, Germany in 1972 by five former IBM employees. Since then, SAP has grown to become one of the world’s leaders in enterprise application software with over 98,000 full-time employees and offices in 130 countries.

New Texas MBA Jobs

The old adage is that everything is bigger in Texas—and Houston is no exception. The fifth-largest metro in the United States, Houston is a city built on the ethos of the oil and gas giants who populate it: stake your claim and make your name. This week’s new Texas MBA jobs are for grads looking to make a name for themselves in Houston in a different way.

News Roundup – Pepperdine Professor Talks Nostalgia TV Trends on NPR, and More

Let’s take a look at some of the biggest stories from this week, including a Pepperdine professor discussing the allure of nostalgia TV, and more.

NPR Podcast Invites Cristel Antonia Russell to Discuss Nostalgia TV – Pepperdine Graziadio Newsroom

Dr. Cristel Antonia Russell, Professor of Marketing at Pepperdine Graziadio School of Management recently spoke on the power of nostalgia TV on the NPR podcast On Point.

Along with Eric Deggans, NPR’s television critic, Dr. Russell discussed the phenomenon of the wide popularity of all things 1990s in current culture. A major topic of Russell’s research is the reasons behind why people tend to consume and re-consume certain pieces of pop culture. Take Friends, for instance, the rights of which was recently purchased by TimeWarner Media for $125 million. There has been a massive resurgence in the last five years or so of Ross, Rachel and the gang’s popularity.

Russell says, “Twenty-five years is a huge chunk of time to anyone. Nostalgia is a double-edged sword where a part of you wants to go back to these earlier times but a part of you is glad you are no longer an 18-year-old watching Friends. It allows people to reflect and realize how they have grown.”

For more on Dr. Russell, read here, and to download the On Point podcast about the nostalgia TV revival, visit NPR or listen below.

Dean Amy Hillman Drives an Unprecedented Year of Giving – ASU Carey News

Arizona State University’s W. P. Carey School of Business, led by Dean Amy Hillman, reached an unprecedented fundraising goal this year.

A $25 million donation from the W. P. Carey Foundation kicked off the $50 million campaign, and overall the school raised $43.7 million in fiscal year 2018-19. Alumni and current students helped to round out the gifts, with 615 individual donations from them and other private supporters. In all, alumni gave an impressive $11.7 million.

Hillman says of the campaign, “Of course what we do at W. P. Carey is business, but I always practice that ‘business is personal … What donors share with us, no matter the gift is about the people who are impacted through a scholarship, research, or career opportunity.”

The gifts came at a welcome time, as the state of Arizona has reduced funding for higher education in recent years. The money from the campaign will help to improve student resources, enhance research, and fund scholarships. For more on Dean Hillman and the fundraising campaign, read here.

‘Crazy Rich Asians’ Writer’s Dilemma Illustrates How Hollywood Pay Gap is Alive and Well – Kellogg in the News

Nancy Qian, Professor of Managerial Economics & Decision Sciences at Northwestern University’s Kellogg School of Management recently weighed in for an article in the Chicago Tribune on the massive pay gap in Hollywood for non-white writers and actors.

The most recent event that prompted this discussion was the departure of Adele Lim, one of the screenwriters for ‘Crazy Rich Asians’ from the film’s sequel. Her white male counterpart was offered considerably more for his contribution to the sequel’s script—nearly a million dollars, compared to Lim’s offer of $110,000.

While a comment in The Hollywood Reporter claimed that Lim’s offer was based solely upon her experience and past accomplishments, her supporters believe otherwise. Professor Qian says:

“The Warner Bros. response that they have a formula for determining pay seems like an excuse, since they can always build in more components to the formula to give it more flexibility, such as take into account expertise on the subject, the number of other people with similar expertise, the success of the last project, and the evaluation from co-workers.”

“Every situation is different,” she adds. “But it wouldn’t be crazy to see this as Lim getting hit by two forces—on average, for the same level education and work experience, 1) women get paid less than men and 2) Asians in the U.S. get paid less than Caucasians. The question of why is subject to debate.”

Read here for the full Chicago Tribune article.

NYU Stern Receives $5 Million Gift from Alumna Entrepreneur Elizabeth Elting (MBA ’92) to Support the Advancement of Women in Business – NYU Stern News & Events

NYU Stern alum Elizabeth Elting, founder of translation firm Transperfect, recently donated $5 million to the school with the goal of nurturing Stern’s female entrepreneurs.

The gift, which is the largest ever from a woman entrepreneur in the school’s history, will fund Elizabeth Elting Women’s Leadership Fellowships for a total of forty female MBA students. Students who demonstrate both academic merit and the desire to build their own businesses will benefit from the fellowship.

“Starting my own business is the best and most rewarding decision I ever made for my life,” Elting says. “It gave me the resources I needed to provide for my family and influence the world for the better. That’s why I’m so excited to provide this gift to NYU Stern. This money will not only make Stern accessible to a greater number of ambitious young women eager to create their own futures, but will also help the best and brightest launch new enterprises and carry out visions that could transform the world.”

You can read more on Elting and the fellowship here.

Avolio Ranked #2 Most Influential Researcher in Leadership, #3 in Organizational Behavior – Foster School of Business News & Events

Bruce Avolio, Professor of Management at the University of Washington Foster School of Business, was recently named one of the globe’s foremost thinkers on leadership and organizational development by The Leadership Quarterly.

The publication named Avolio the number one scholar in the world at forming networks in the field of leadership research, and second best in productivity and influence of his leadership studies.

Another industry publication, the Academy of Management Learning and Education, lists Avolio the third most influential author since its inception. Avolio’s wide list of accomplishments include the 2013 Eminent Leadership Scholar Award from the Network of Leadership Scholars in the Academy of Management, the American Psychological Society, the American Psychological Association, and fellowships in the Academy of Management, and the Society for Industrial & Organizational Psychology.

Read more on Avolio and his research here.

International Option: Pros and Cons of Earning a Master’s in Finance in the UK Instead of the U.S.

A Master’s in Finance is fast becoming one of the most popular degrees in the world. According to The Financial Times, “global demand for masters in finance (MiF) degree courses increased slightly in 2018,” due to a number of factors including ROI, career paths for graduates, and costs.

A Guide to the Specialized Master’s in Management

Welcome to MetroMBA's Master's in Management Guide. At the outset, you might think we miswrote MBA, but that’s not the case at all. A Master’s in Management degree is for students who want a shorter graduate program that still increases their business knowledge. These students might not be willing or able to commit two years to an MBA, but still desire to cultivate their leadership skills or specializes in a specific field such as marketing.

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Scroll down to find what top business schools offer the degree, what it takes to graduate, and what you can expect after graduation.

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What is a Master’s in Management?

A Master’s in Management (MiM) degree is sort of a catch-all degree for leadership, no matter the company, corporation, agency, or industry. Regardless of your specific career goals, a MiM will help you gain the skills and experience you need to become a senior manager. You’ll be trained in a wide variety of business topics, ranging from accounting to strategy, with some options to specialize in a specific field.

Most MiM programs are shorter than a two-year MBA and typically have slightly younger class profiles. Recent college grads eager to jump-start their careers are the target audience for Master’s in Management programs with only a few small exceptions.

For example, Stanford University Graduate School of Business offers an M.S. in Management for Experienced Leaders, which is designed for mid-career business leaders. This one-year program is designed for senior leaders looking to go to the next level in their already distinguished careers.

Students graduate with a MiM degree ready to take on more senior-level positions in their field. They should know how to manage a team and have a sound understanding of business fundamentals.

Typical Coursework

The curriculum resembles an MBA program (40-60 percent course similarity), but might delve slightly more into topics on organizational development, behavioral science, and decision theory. No matter the specific courses, the goal of the Master’s in Management degree is to prepare students to handle management issues across all areas of business.

One thing to keep in mind about a MiM program compared to an MBA is that you’ll focus more on theoretical knowledge compared to practical knowledge. Due to the shorter duration of the program as well as its younger cohort, the program is more about building a business foundation for students who have no experience without taking the time to dive deep into many different specialized areas. The goal is to foster skills in leadership, teamwork, and project management, which are necessary to lead people and engage stakeholders.

Typical classes include:

• Finance
• Strategy
• Project Management
• Marketing Management
• Accounting
• Leadership

Beyond that, depending on the program, you may have the option to specialize your MiM in one area. For example, you could take courses in international business or supply chain management. Other options include:

• Strategy and consulting
• Entrepreneurship
• Data analytics
• Marketing
• Finance

Program Accessibility

Master’s in Management programs tend to be just ten months long, though some can be as long as two years. They can be full-time, part-time, and online, depending on the institution. The key difference in accessibility is the work experience required from applications.

While an MBA program typically targets applicants with more than three years of experience, MiM programs target fresh graduates. Typical applicants have less than two years of work experience and come from a range of backgrounds outside of business. In fact, most schools don’t want applicants with more than five years of experience. It’s for that reason the average age of MiM applicants is between 21 to 25 years old.

Admissions into a MiM program is similar to that of an MBA program. It can vary by business school, but typically requires a high level of excellence in grades, test scores, and essays. Applications may consist of:

• Resume (work experience ranges from 0 to 3 years)
• Essay
• Letters of Recommendation
• Academic Transcripts
• GMAT or GRE

Typical Cost

Tuition for a Master’s in Management degree will be less than an MBA, sometimes by more than half. This makes the degree more attractive for younger applicants who still have undergraduate debt. A top quality MiM degree can cost between $18,000-35,000 per year, with international programs being the most cost-effective

Career Opportunities

Master’s in Management graduates typically begin their career with an entry-level position. While the degree does make you more competitive in the market and helps you accelerate the beginning of your career, it won’t pack quite the same punch as an MBA.

However, as a MiM graduate, you’ll be ideally set up to begin work as an analyst, consultant, or another business-related job. You can work in almost any industry and for almost any type of organization from nonprofits to government agencies, large corporations, and small startups.

Whether working at a Fortune 500 company or a small nonprofit, MiM graduates are highly sought-after by HR departments around the globe. Potential employers include:

• BCG
• McKinsey
• L’Oreal
• P&G
• BNP Paribas
• KPMG
• LCMH
• IBM

It is important to note that Master’s in Management graduates typically earn less than MBA graduates. While most MBAs typically earn more than $100,000 a year, MiMs will earn $60,000 to $75,000 a year in most cases. That’s because you start out entry-level with a MiM degree and must grow from there.

Since salaries vary so much depending on your industry and career field, we’ll break down median pay based on where you earn your degree.

Duke Fuqua: $67,580

London Business School: $56,315

Michigan Ross: $62,500

The Top Master's in Management Programs

HEC Paris, regularly regarded as one of the world's premiere business schools, offers one of the best Master's in Management (MiM) programs you can find. The degree offering has been regarded as one of the three best in the world, according to the Financial Times, since 2014, with many double-degree opportunities and 20 specializations.

Graduates from the HEC Paris MiM program, on average, earn around €98,000 per year just three years after earning the degree, with a 96 percent job offer rate within three months of completing the program.

The London Business School Global Masters in Management (Global MiM), delivered jointly with Fudan University in Shanghai, delivers two specialized masters in a two-year, full-time program: a Masters in Management (MiM) and a Masters in Science (MSc) in International Business.

An estimated 100 percent of the most recent graduating class earned career offers within three months of earning their degree, with clear, definitve employment advantages in both English-speaking countries and China.

The MSc in Management at the Imperial College Business School in London, according to the Financial Times, has been regarded as one of the top 20 management master's (both general management and international management) in the world since 2016. An estimated 91 percent of graduates from the one-year program are employed within three months of earning their degree.

At a cost of just £29,500, Imperial MSc grads can quickly turn around and make a significant ROI, with an average annual weighted salary around £55,027.

The Ross School of Business at the University of Michigan has one of the highest-regarded MiM programs in the U.S., with its Master of Management degree. At only 10 months, its also one of the shortest programs on the list. Around 98 percent of graduates receive an employment offer within six months of graduating and a mean annual base salary of around $62,500.

The majority of Michiga Ross MiM grads earn careers in consulting (over 26 percent), with an even higher average annual salary rate of $73,000.

The 43-credit, 15-course Master of Management Studies (MMS) at Duke University's Fuqua School of Business is designed for students with little professional work experience, offering a unique opportunity to study either in the U.S. or China. The most recent MMS class studying in the U.S. featured 139 students, joining the program with just six months of prior work experience, and a GPA of 3.45. The average age of the class is 23-years old.

According to an MMS employment report from Duke Fuqua, " A significantly greater proportion (roughly 60 percent) of the MMS alumni who have a different job than the first one they held after the MMS program have salaries of $80K or above."

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The Heart of Entrepreneurship, at the UC San Diego Rady School of Management

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The Top Denver Companies for MBA Graduates

In 2018, the Denver metro area was ranked the second-best location in the country for business school graduates, according to the “10 Best Cities for Business Graduates to Move” list created by Move.org. The city ranks highly for open positions, cost of livability, and unemployment rate. Graduates love the Mile-High City for its great outdoors and strong economy.  It also ranks well for median hourly wage at $34,54—making Denver in the top third for discretionary spending.

Denver or Portland: Which City Should I Choose?

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New MBA Jobs in Healthcare Emerge This Week

As Boomers inch closer to retirement, healthcare career opportunities have grown exponentially—and MBAs have begun to take notice. This week’s listings are all positions at companies poised to benefit greatly from the greying of America.

Top MBA Recruiters: Charles Schwab

With close to 350 branch locations and a headquarters in San Francisco, Charles Schwab is one of the country’s ultimate destinations for business school graduates. Its solid reputation and a history that spans almost fifty years make it appealing, but the efforts Schwab makes to recruit are also part of reason to explore working there.

Top MBA Recruiters: Hootsuite

In 2008, Ryan Holmes was trying to manage multiple social media networks while working at Invoke Media. Dissatisfied with the options, he, Dario Meli, and David Tedman developed their own platform that became the basis for Hootsuite.

Although Hootsuite began as just a trio, the company now has more than 1,500 employees and maintains 13 offices around the globe. As it is a still-expanding firm, the company is an alluring option for those who are interested in the challenge of finding new business and increasing a company’s presence in the marketplace.