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Forté Announces New MBAExplore Program for Pre-MBA Women
Deciding whether or not you want to go to business school to earn your MBA is not usually a spur-of-the-moment decision. There are a lot of questions you need to answer first. Is an MBA the right degree for you? How will it impact your career? Does it make sense financially? To help women who may be considering these and other questions, the Forté Foundation recently launched its new MBAExplore program. The deadline to apply is July 8th.
This half-day program gives women the opportunity to learn more about what an MBA is and isn’t. It takes women on an intimate exploration of the myths and questions surrounding business school to help them map their journey to the MBA. Women who have already traveled the MBA path teach the program, sharing their first-hand experience with participants.
Inside MBAExplore
The MBAExplore program provides valuable information around each of the following topics:
- Taking and passing the GMAT
- Financing and affording the MBA
- Understanding the classroom case study
- Figuring out if the MBA is right for you
Throughout the half-day, participants will have a chance to learn about the daily life of an MBA student. There will also be an opportunity to ask questions of business school staff as well as current MBA students. The goal is to provide every participant with the information they need to determine if the MBA is right for them.
The MBAExplore program is the precursor to Forté MBALaunch, a 10-month program designed to help prospective women business school applicants build their b-school applications. MBAExplore is all about helping women gain the confidence, guidance, and information they need to take the first step toward their MBA degree. Learn more here.
Register Today
Registration ends July 8, 2018, and the MBAExplore program will be held in Washington DC on August 13, 2018, and New York City on August 28, 2018. You can register now for just $49 at the location of your choosing. Space is limited. Don’t miss out.
Jeff Sessions Learns Lessons from Notre Dame, and More – Chicago News
Let’s explore some of the most interesting stories that have emerged from Chicago business schools this week.
Stop Flailing and Start Delivering – Kellogg Insights
Of the “five common issues that impede career progress” Northwestern Kellogg clinical professor of innovation and entrepreneurship Carter Cast writes about in his new book, The Right (and Wrong) Stuff: How Brilliant Careers Are Made—and Unmade, the one issue that people most frequently self-identify is struggling to keep up.
Cast writes, “Careers can derail when people don’t deliver on promises. This can be a real problem because fellow workers start to distance themselves when they think you can’t be counted on.”
Cast offers five suggestions for how to “get organized and get ahead.”
1) Be Clear on What’s Expected of You
“Being clear with your boss on what success looks like is really important for setting expectations and ensuring you’re aligned. What are your goals and objectives for the year? What are the key initiatives that map to those objectives? What are the timelines for those initiatives, and what sort of resources will you need?”
2) Understand Your Organization’s Workflow Process
Cast says creative types tend to “overpromise and underdeliver” because “their eyes are typically bigger than their stomachs.” To these folks, Cast says, “Decide which tasks will really move the needle for your organization, and focus on those first. You can’t treat every message in your inbox equally.”
3) Be Intentional about Prioritizing Your Work
Cast suggests “breaking your day into segments and tackling challenging work during times when you are sharpest and most productive.” For instance, if your brain is most active between six and ten in the morning, for instance, that may not be the best time to respond to noncritical emails.”
YOU MAY ALSO LIKE: Kellogg Admissions Director Shares Insights on 2019 MBA Application
4) Learn How to Say “No”
Cast writes that people-pleasers “tend to take on more than they should—their default response is, “yes, why not?” But learning when to say “no,” and learning to do it tactfully, is critical for preserving valuable time and energy.”
5) Look for Opportunities to Delegate
Cast says, “We tend to think the best person to perform a given task is ourselves. In many cases, you have to learn to let go a bit. Things won’t go exactly the way you’d like, but you have to move forward and avoid needless distractions.”
You can check out the full article here.
Larry Gies Urges 2018 Graduates to “Find Your Way” – Gies School of Business Blog
Madison Industries founder, president, and CEO Larry Gies used his speech at Gies’ recent Convocation ceremony, which honored the “1,824 bachelor’s, master’s, and doctoral degree recipients,” as an opportunity to inspire graduates to spend time pinpointing their passion for what they do—or their “why.”
Gies, who donated $150 million to the University of Illinois last year, thus, changing the name of the business school in his honor, explains, “Knowing your why is critical. It is the ability to connect the dots between what you’re doing each and every day and a higher purpose. Our why is what drives us, inspires others around us, and allows us to persevere during those difficult moments. To put it simply, when you find your why, you love what you do.”
Gies adds, “I was forty-five before I found my why.”
Find out more about Gies’ speech here.
I’m a Biblical Scholar. It’s Clear That Jeff Sessions Needs a Bible Lesson – Mendoza Ideas & News
Notre Dame Mendoza business ethics professor and former Jesuit priest Joseph Holt contributed an op-ed to a recent issue of Fortune in which he took Attorney General Jeff Sessions to task for his “use of scripture to defend the Trump administration’s immigration policies.”
Professor Holt writes, “Sessions is pursuing justice understood as the strict and impartial application of the law. That shriveled understanding of justice is captured in the statement by Homeland Security Secretary Kirstjen Nielsen: ‘In the United States, if you break the law, you go to jail and you’re separated from your family.’
He adds, “From that viewpoint justice and mercy are opposed, because mercy could impede the administration of strict justice. But tzedek [the Hebrew word for “justice”] and its derivative tzedakah (which is a commandment to give as an act of social justice), mean justice and mercy working in unison.”
You can read the full article here.
Who are the Most Important Female Leaders in Business School Today?
Being a woman in business isn’t easy. While the industry works to improve gender equality, there is still a long way to go. Currently, women only hold 18.1 percent of directorships at publicly held companies. According to the latest report from MSCI, a research and analytics firm for investors, it could be until 2027 before women fill 30 percent of those roles.
And women in business school face similar struggles. Just five years ago, only three of the top 25 schools in the United States had 40 percent or more women enrolled in its MBA programs. And while, currently, nearly half have reached that mark, gender parity is still a ways off. Part of the struggle has to do with female leaders in business school. Currently, there’s only one female dean at a top-tier business school, and there are few other women who’ve made it to the top of their business schools as deans.
The challenges faced by female business school leaders are myriad, which is why we felt it was so important to recognize those women who’ve become prominent leaders in business schools around the world. Continue reading…
Yankees Draft Stevens Finance Student, and More – New York News
Let’s explore some of the most interesting stories that have emerged from New York business schools this week.
From Ducks to a Dynasty: Yankees Draft Stevens Ace, a Star on Field and in Business Classes – Stevens Institute of Technology News
For the first time in nearly half a century, a student from the Stevens Institute of Technology was selected in the MLB Draft.
Charlie Ruegger, a junior in the school’s Quantitative Finance program, was drafted by the New York Yankees in the latter rounds of the 2018 draft, going in the 33rd round, 997th overall. In the midst of a demanding QF course load, Ruegger managed to earn Pitcher of the Year honors in the Empire 8 Conference with an 8-2 record. Stevens Ducks coach Kristaps Aldins prepared Ruegger “for the professional scouts who traveled to Dobbleaar Field to watch the Ducks and their star pitcher in action.”
Ruegger notes, “I learned to not overthink or try to do something I wouldn’t ordinarily do just because scouts are watching. You have to stay within yourself and keep your focus.”
While Ruegger’s focus turns to the Yankees, he is still very much interested in pursuing a QF career down the line.
“The professional minor-league life can be long and taxing. It’s important to me that, when the time is right, I can walk away from playing baseball and be able to move right into the business world.”
You can read the full article here.
Putting a Business Idea to the Test – Rutgers Business School Blog
The Rutgers Business School‘s Sulis team, whose innovative solar-powered water purification system recently swept the Hult Prize regional competition, is now crowdfunding to “pilot the business in India this summer.”
Team member Anurag Modak was the catalyst for the idea, which he hoped would “address the global issue of water scarcity through technology.”
The article notes that the Sulis team hopes to “market the technology to parts of the world plagued by inadequate water supplies or lacking adequate water purification.”
You can read the full article here and learn more about Sulis and the team’s crowdfunding campaign here.
Professor Anindya Ghose Comments on Facebook’s Effectiveness as a Crowdfunding Platform – NYU Stern News
The Wall Street Journal recently interviewed NYU Stern Professor of Marketing and IOMS Anindya Ghose about value of Facebook as a platform to get the word out about crowdfunding initiatives.
“An average Facebook user logs in multiple times a day… and if [the campaign] is right up in your face every time you log in, the probability you see it is high. So, I give a lot of credit to a platform like Facebook for amplifying content like this.'”
You can read the full Wall Street Journal article here (paywall).
Cornell Johnson Women Turn Out in Droves at Forté Conference
Each year, the Forté Foundation hosts the two-day MBA Women’s Leadership Conference. This year’s event was held in Atlanta at Georgia Tech’s Scheller College of Business, and a record number of women MBA students from Cornell’s Johnson Graduate School of Business attended. Not only did Johnson have its most impressive conference showing to date, but it also had the second-highest number of representatives in attendance.
Forty-nine MBA students, representing a broad cross-section of Johnson’s three residential MBA programs, attended this year’s Forté conference:
- 29 from the two-year MBA program (Ithaca)
- 7 from the one-year MBA program (Ithaca)
- 13 from the Johnson Cornell Tech MBA program (NYC)
“I loved meeting Forté Fellows and conference attendees from other schools. It made the network seem smaller, less intimidating, and very empowering. Just imagine what we can all accomplish together,” said Cassiope Sydoriak (Two-Year MBA ’20).
Inside the Forté Conference
The annual Forté conference offers attendees an opportunity to explore career paths they may not have considered, hear from influential businesswomen, and meet recruiters and potential mentors.
This year’s highlights included an opening keynote from Joanna Lipman, the chief content officer at Gannet, editor-in-chief of USA Today, and author of That’s What She Said. Lipman offered actionable tips on how women can leverage their value and overcome obstacles related to the gender gap.
Other highlights from this year’s conference:
- Dialogue with Leadership: This dialogue included a panel discussion with Emory Goizueta Dean Erika James; Acceture CEO Julie Sweet; and State Street EVP and Deputy Global CIO Lori Heinel . Together, they used the panel as an opportunity to unpack their careers and offer leadership advice.
- Forté Power Pitch Competition: This capstone event allowed four newly-graduated MBA women to present their innovative business ideas to a distinguished panel of judges.
- Workshops and Panels: Multiple workshops and panels were held throughout the two-day event, which covered topics such as communications strategies, interviewing, design thinking, and the future of feminism.
To learn more about the Forté conference and get reflections from Cornell Johnson’s women MBA students, read the full article here.
Stanford Salutes Fallen Alum, and More – San Francisco News
From new courses to lasting tributes, San Francisco business schools have had no shortage of headlines in recent weeks. Here are some of the biggest stories out of the Bay Area.
A Lasting Tribute to Jack McDonald — Stanford Newsroom
Nearly 500 Stanford Graduate School of Business faculty, alumni, and associates recently held a two-part celebration in remembrance of John “Jack” McDonald, who passed away earlier this year. McDonald, BS ’60, MBA ’62, Ph.D. ’67, taught more than 10,000 MBA and Executive Education students during his 50-year career.
Stanford President Marc Tessier-Lavigne was among faculty members to speak during the event, highlighted McDonald’s legacy at Stanford.
“Today is a reminder of what a powerful role faculty play in the lives of our students – both while they are on campus, and for the rest of their lives,” Tessier-Lavigne said. “Jack exemplified that influence and impact, across generations.”
After the speakers, Highland Hall, one Stanford’s student housing buildings, was officially renamed to Jack McDonald Hall, while and the GSB Common to the Stanford Investors Common. McDonald Hall, along with the Schwab Residential Center, makes it possible for all first-year MBA students to live on campus if they so choose.
You can read more about McDonald’s legacy and the ceremony here.
In Big Data Course, MBAs Learn How to Second-Guess an AI — Haas News
A new story from the UC Berkeley Haas School of Business highlights a new course offered to MBAs, “Big Data and Better Decisions.” Co-taught by Assoc. Prof. Jonathan Kolstad and economist Paul Gertler, the class covers topics in advanced data science. The instructors hope that their course will help ingrain a question-the-status-quo mindset in their students so that they can then bring these data-driven initiatives to their organizations.
“There’s a growing need within companies for MBAs trained in data analytics,” Gertler said. “This class is designed to prepare students to be part of the modern labor force and leaders of industry.”
You can lean more about Kolstad, Gertler, and the new courses here.
Alan Taylor Speaks at Nobel Symposium on Money and Banking — UC Davis News
UC Davis Graduate School of Management professor Alan Taylor recently delivered an address on the “indebtedness of governments, firms, and households” at the Nobel Symposium on Money and Banking. Taylor expressed how learning from past mistakes that lead to the recent Great Recession are key in ensuring the same meltdown doesn’t happen again.
“Understanding how and why private debt crises predictably occur with consistent patterns and grave collateral damage is to my mind the big unsolved research question today in macro(economics),” he said during his address.
You can watch the entire lecture below:
Top MBA Employers: Building a Foundation with Chevron
Even with the preparation provided by an MBA, entering back into the business world after school can be daunting. California oil giant Chevron, one of the 20 largest companies in the world, offers a program that provides additional support and training for MBA grads to help them take their education to the next level. The oil company’s competitive business and commercial MBA program (BCMP) provides opportunities and resources for motivated grads aspiring to senior management positions. Chevron has made Glassdoor’s list of “Best Places to Work” eight times, and made Indeed’s list of Best Places to Work in 2017, likely due to the numerable opportunities for advancement and considerate treatment of employees.
According to Business Insider, “Chevron also has programs for new mothers and families, such as rooms where new mothers can nurse, a college-counseling program that guides employees and their families through the college application process, and a program that reimburses employees up to $5,000 for adoption-related expenses.”
Current MBA’s and recent grads interested in working at an oil will surely want to add Chevron to their list of potential employers.
The Chevron Business and Commercial MBA Program
During Chevron’s two-year business and commercial MBA program, students will have access to a variety of resources, including mentorship from senior members of the Chevron team. Program participants will do four six-month rotations involving projects in any of the following areas: strategy, planning and business analysis; supply chain/value chain optimization; business development; asset commercialization; decision analysis; hydrocarbon scheduling and logistics; hydrocarbon trading analytics; or marketing and sales.
Program recruits should have geographic flexibility, as the program can take them to California, Texas, Pennsylvania, Louisiana, Mississippi, Kazakhstan, Nigeria, or Singapore. Participants can look forward to regular performance feedback on each assignment. The BCMP allows MBA grads to accelerate their career trajectory, to achieve more senior positions more quickly.
You can take a look at Chevron’s full BCMP brochure here.
Getting A Foot In the Door: Summer Internship Program
If you’re interested in pursuing Chevron’s business and commercial MBA program, applying for the company’s summer internship is the way to go. In fact, Chevron considers the 10-12 week internship program to be an extended interview that provides an in-depth view of how potential long-term recruits operate in a project-oriented setting. MBA’s can apply after their first year of grad school.
Though a long-term Chevron job offers a multitude of possible locations, the internship will take place in either Houston, Texas, or San Ramon, California (home to the original company headquarter’s). To be eligible for the internship, grads should have a minimum of three years of work experience between their undergrad and grad educations. Chevron looks for adaptability, collaboration skills, analytical chops, and leadership qualities in its internship recruits.
Chevron MBA internships take place in several U.S. cities, including its Houston offices.
The Best Healthcare Management MBAs in Texas
As the nation’s second-largest field of employment, healthcare is a fast growing and rapidly changing industry expected to be worth trillions in the near future. A job in healthcare can represent any number of opportunities from working in a hospital to working for a government agency, insurance organization, consulting firm, group practice, pharmaceutical company, or biotechnology firms. In each of these areas, there’s a massive need for well-qualified individuals who can respond to critical problems. That’s where a healthcare management career can be valuable.
As a healthcare manager, you’ll be responsible for managing and coordinating health services while working closely with physicians and administrators to best represent your facility. It’s a rewarding career field with a positive job outlook—employment is expected to grow much-faster-than-average, according to the Bureau of Labor Statistics.
If this sounds like the career for you, one of the first steps is to earn your Healthcare Management MBA. A Healthcare Management MBA provides students with in-depth expertise on the unique elements required to work in the healthcare industry.
As for where to earn your degree, here are the best Texas healthcare MBA programs.
Dallas
Naveen Jindal School of Management – University of Texas at Dallas
In Dallas, the Naveen Jindal School of Management is known for its healthcare focus. Not only does the school offer a Master of Science in Healthcare Leadership and Management, which is a flexible evening program that can be completed in 18 to 24 months, but MBA students can also choose the Healthcare Leadership and Management concentration. This MBA concentration prepares students for leadership positions in healthcare and is a cross-functional and industry-focused option.
What makes the Healthcare Management MBA concentration stand out at Naveen Jindal is the fact that classes are taught by faculty and healthcare executives who have the specialized expertise and experience needed to train up-and-coming graduates. In addition, students can participate in the Healthcare Management Association (HMA) to cultivate industry experience, networking opportunities, and healthcare resources. The school also offers a Healthcare Management Executive MBA for current physicians who are looking to expand their skillset.
Hankamer School of Business – Baylor University
At the Baylor University Hankamer School of Business in Dallas, there’s a specialized MBA in Healthcare Administration. This degree path is offered in conjunction with the Robbins Institute for Health Policy and Leadership and gives students the opportunity to gain an interdisciplinary foundation in health services and business. The MBA program is nationally recognized, ranked 17th in the nation in 2016 by the U.S. News & World Report, and ideal for students interested in a healthcare career.
What makes this MBA program unique is that it includes a seven-month paid Executive Residency with a leading progressive health organization. During this residency, students receive guidance from well-qualified, practicing healthcare executives who give them the opportunity to apply and test their knowledge. Also, students can apply for the Executive Healthcare MBA program in Dallas and participate in the Future Healthcare Executives (FHE) student organization.
Neeley School of Business – Texas Christian University
Another opportunity for healthcare-minded MBA students in Dallas is the Healthcare MBA at the TCU Neeley School of Business. This program is designed for current healthcare professionals or individuals who are looking to enter the healthcare industry. It’s offered in partnership with the University of North Texas—Health Science Center and provides an in-depth healthcare focus.
What makes this program unusual is that students can choose a standard MBA (48 credit-hours) or an accelerated MBA (36 credit-hours) depending on their experience in business. In either case, MBA students completed 10.5 credit-hours of healthcare-specific courses as well as 9-10.5 credit-hours of additional business or healthcare electives. Some of the specialized courses include:
- Healthcare in the U.S.
- Population Health
- Legal Aspects of Healthcare
Houston
Rice University – Jones Graduate School of Business
At Rice University in Houston, there are multiple opportunities for MBA students at the Jones Graduate School of Business to develop their healthcare experience. Specifically, the school created a healthcare program that offers practical learning options and multiple healthcare electives. Some of those electives include U.S. Health Care Management, Health Care Strategy, and Health Care Operations Management.
As full-time MBA students, there’s the option to choose the health care concentration, which includes 12 credits, out of 24.5 available, focused specifically on a career in healthcare. Its unique curriculum prepares MBA students for a variety of healthcare settings including pharmaceutical, biotech, and insurance as well as hospitals and private practices. There are also many other ways to learn about healthcare at Rice University including speaker series, panel discussions, and multiple events.
The Jones Graduate School of Business at Rice University offers a wealth of healthcare MBA options, including a MD/MBA dual degree.
Cameron School of Business – University of St. Thomas
In Houston, there’s also an MBA in Health Care Administration offered at the Cameron School of Business. This program is offered in conjunction with Texas Woman’s University (TWU) and gives students the opportunity to obtain the fundamental health services management skills required for a successful career. In addition, there’s an opportunity for a dual Master of Healthcare Administration (MHA) and MBA degree. As part of the program, students take courses at both TWU and UST.
USC Marshall Recognizes Alumni Success, and More – Los Angeles News
We’ve rounded up the top stories coming out of business schools in the Los Angeles metro this week.
Marshall Represents! – USC Marshall Newsroom
Graduates from the Marshall School of Business at USC have reason to celebrate this week, with the release of the Los Angeles Business Journal’s feature, “20 in their 20s,” which heavily features USC Marshall alumni. Nearly half of the list (9 out of 20) have ties to USC Marshall, and several used the feature to call out their most inspiring faculty mentors from the university, such as assistant and associate professors of clinical entrepreneurship, Tommy Knap and Greg Autry.
The list profiles young entrepreneurs already making an impact in their community, though the nature of their work can run the gamut. The organizations and products these entrepreneurs represent include real estate, fitness gear, home furnishings, and more. Laura Hertz, who encountered challenges throughout her career as a result of both age and gender, turned a Marshall class project into an agent for real change with her business gifting company, Gifts for Good.
“I tell [investors] that some of the most disruptive founders in history have been people in their ’20s with no industry knowledge—think Amazon, Airbnb, Uber,” Hertz commented.
Read more about the young Marshall entrepreneurs making an impact here.
Chapman Hosts First Shadow Open Market Committee Conference Towards the West Coast – Chapman University Newsroom
This summer, the Argyros School of Business at Chapman University served as host of the first-ever West Coast conference for the Shadow Open Market Committee. Created in 1973, the SOMC has met annually to discuss issues surrounding the Federal Reserve’s Open Market Committee. For the past 45 years, this conference has gathered distinguished monetary economists from both academia and private institutions in New York or Washington DC. This summer, the organization chose Chapman University as the location for its West Coast debut.
“They are very busy people and famous in the economics and finance world so we are very honored that the SOMC chose Chapman for their first meeting outside of the East Coast,” commented Argyros professor and conference organizer Marc Weidenmier. This year’s conference theme was “The Fed’s Return to Normalcy.”
You can read more about the SOMC conference at Chapman University here.
Their Future is Our Business – UCLA Magazine
This week, UCLA Magazine celebrates the Riordan Programs, now in their 31st year at UCLA’s Anderson School of Management. Beginning in the early 1980s, the Riordan Programs emerged as a way to counter the unrest plaguing the South Los Angeles Area. Now-retired Anderson professor, William Ouchi, believed that getting more people of color involved in business could help inspire a new professional workforce that had the needs of diverse communities in mind. With the help of philanthropist and eventual mayor of Los Angeles, Richard Riordan, Ouchi put his ideas into motion.
The program offers students from low-income backgrounds resources such as college preparation, career guidance and mentorship. Certain programs even help prepare first-generation college students to apply to MBA programs. For students like Denise Gonzalez-Kim, the program opened opportunities that might have never been available otherwise. “I know that my life could have gone a very different way,” she commented on her childhood in South Los Angeles. Today, Gonzalez-Kim is pursuing her MBA at Anderson, after graduating in 2008 with her B.A.
Read more about the Riordan Programs at UCLA Anderson here.
Ivey Promoting Women in Business, and More – Toronto News
It has been an exciting week for Toronto’s top business schools. Below, we’ve laid out some of the week’s highlights.
Business-Women: Forging A Path From Campus to Community – Western Gazette
Western University student Alina Huang started the business Illuminate, which provides resources for high schoolers aspiring to be entrepreneurs. Illuminate has partnered with Western University’s Ivey Business School, as well as Deloitte and Concentra Bank. Though she uses “white, male aliases” to avoid bias in her online business, she has found Western’s environment nurturing and inclusive.
In fact, Western offers Propel, an “accelerator and co-working space” that “offers entrepreneurs an inclusive space with mentorship, resources and potential for product testing on the student market.”
You can read more about Huang and Western’s approach to inclusivity here.
What Sector Is Brewing the Next Financial Crisis? – The Insurance & Investment Journal
The Insurance and Investment Journal recently featured an article which referenced a forum held at the University of Toronto Rotman School of Management last March. The forum featured Richard Sylla, Stern School of Business professor, who posited that there will be another financial crisis, as has been the pattern for nearly 300 years.
“In the build-up to a crisis … the Cassandras of the world – those who warned against it and financial historians like me – were shooed away and told: this time it’s different.”-Richard Sylla
Sylla suggested that financial crises can create their own opportunities, including profit for those who correctly predict the upcoming changes while other investors remain unaware. Crises can also lead to technological advances meant to prevent whatever has caused the crisis from recurring.
Read more about Sylla’s insight at the Rotman forum here.
Honorary Degree Recipient is All About Giving Back – Schulich News
This week, Dr. Narendra Singh, who graduated from York University’s Schulich School of Business with an EMBA in 2017, was awarded an Honorary Doctor of Laws. The Schulich grad practiced pediatric and neonatal healthcare around the world. In 2009, he founded Guyana Help The Kids (GHTK), which has markedly increased Guyana’s prenatal care resources.
“I’m receiving this Honorary Doctor of Laws, but I’m somewhat conflicted since my success is the combined effort of many people, some in the audience today, and so I would like to share this degree with them,” Singh says.
You can read more about Singh here.
Look Out for These Boston Internships
If you’ve read MetroMBA’s look at how summer internships play a crucial role for MBA students, you’re probably already familiar with the many benefits of interning during your MBA career. Between forging professional connections, gaining hands-on experience, and top tier salaries, MBA students have lot to gain from seeking out these opportunities. Boston internships manage to stand out, in particular, because of a wealth of excellent business school options.
Of course, the internship model is a win-win for all participants: students get the opportunity for professional experience, and companies get to work alongside emerging talent in the business world. Companies across the U.S. actively search for and recruit this talent. The need and capacity for interns, however, can vary from organization to organization. As students begin their search for the perfect internship, and can be important to take note of what companies are the biggest internship employers in their area.
Boston Internships for MBAs
Anheuser-Busch InBev (AB InBev), created ten years ago through the merger of Anheuser-Busch and InBev, is one of top hirers for MBA students in the Boston region. A Belgian-Brazilian beverage and brewing company, AB InBev has offices throughout the world, currently employing around 183,000 people. Given the global nature of their product, the company sponsors MBA and internship opportunities with a focus on global business. Each summer, the company offers a 10-12 week summer internship at their New York office, which often results in getting hired into the company’s Global MBA program—a one year high potential leadership program that prepares participants for quick career growth.
Anheuser-Busch InBev was one of the top hirers for MBA internships at both the Harvard Business School and the Sloan School of Management at MIT, two of the most highly ranked business programs in the world. At MIT Sloan, AB InBev employed nine members of the Class of 2017 as summer interns.
Founded 173 years ago in London, Deloitte remains one of the world’s top professional services networks today, providing tax, consulting, enterprise risk and financial advisory services throughout the world. As of 2016, Deloitte was recognized as the 6th largest privately owned organization in the United States.
With roughly 263,900 employees worldwide, it’s probably no surprise that Deloitte offers plenty of Boston internships. Deloitte Consulting hired six MBA interns from MIT Sloan for the summer of 2017, and also made the lists of top employers for F.W. Olin, Harvard, and Suffolk University’s Sawyer Business School.
The vast number of student interns employed at Deloitte may be a reflection of their vast internship program, which include programs like the Deloitte Consulting Immersion Program, Deloitte Women’s Leadership Launch, and the Advanced Degree Veterans’ Forum.
At Boston University’s Questrom School of Business, 108 different companies hired 140 students for internships in 2018. CVS Health, also an employer for MBAs from Harvard Business School and Babson College’s F.W. Olin Graduate School of Business, hired five students from Questrom for summer internships, making it the number one employer for that school.
CVS Health Corporation, headquartered in Woonsocket, Rhode Island, has grown since 1964 into a top Fortune 500 company with more than 246,000 employees and $177 billion in annual revenue. In December 2017, the retail and health care company also made headlines when it acquired health insurance mega-company Aetna for $69 billion.
CVS Health offers a number of MBA internship programs for MBA students, depending on their interest within the field. Among them are the CVS Year-round internship, Spanish Immersion Summer Internship, and Specialty Clinical Innovation Internship. CVS also believes in students growing their careers with the organization, which likely means greater opportunity for an internship to turn into a long term career.
With the growing popularity of jobs within the healthcare administration field, it should come as no surprise that one of the top employers for MBA internships in Boston is the Boston Children’s Hospital. The hospital, founded in 1869, has been ranked by the U.S. News & World Report #1 in eight of ten clinical specialties. For 2018-19, it was named the country’s number one pediatric hospital.
The hospital is affiliated with Harvard Medical School, so it’s likely no surprise that they are a top employer of MBA students as well, learning about the other side of health care. They are also one of the top employers for MBA students at Northeastern’s D’Amore-McKim School of Business, which requires students to pursue a corporate residency for six months of its 24-month full-time MBA program.
Empathy and Power, According to Northwestern Research – Chicago News
Let’s explore some of the most interesting stories that have emerged from Chicago business schools this week.
How Much Empathy Do You Feel When Powerful People Suffer? – Kellogg Insight
Northwestern Kellogg assistant professor of management and organizations Nour Kteily recently co-authored new research with Cornell University assistant professor Brian Lucas that explores how much empathy people experience when the factory floor worker suffers a pay cut compared to when the executive’s six-figure salary gets lobbed off.
Kteily writes, “The prevailing view has been that anti-egalitarians do not have it in them to empathize, and egalitarians are empathetic toward everyone.
Kteily’s research found that “when people read about victims with lower social status, egalitarians consistently expressed more empathy than people with anti-egalitarian views did. But when they read about victims with a higher socioeconomic standing, the opposite occurred. Participants who strongly favored a social hierarchy expressed more concern for victims like the wealthy executive than the egalitarians did.”
You can read the full article here.
Friend or Foe? Notre Dame Conference Explores Ethical Considerations of AI – Mendoza Ideas & News
Notre Dame University’s Mendoza College of Business recently announced “Artificial Intelligence and Business Ethics: Friends or Foes,” a fall 2018 conference sponsored by the Chase Manhattan Lecture Series, that “will explore the ethical issues arising from the use of AI in business and larger culture.”
Associate teaching professor in Mendoza’s IT, Analytics, and Operations Department Timothy Carone, who organized the conference, writes:
“The reason AI is so important is that it can make and implement decisions that heretofore were the purview of humans only. Over time, these decisions set up a pattern and it is this pattern we call ‘ethical behavior.’ We have only begun to explore the ethical implications to businesses of using AI to replace human decision-making and understand how to manage the new risks that come with this transformation.”
Featured speakers include:
- Daniel Fagella, the founder of daily newsletter TechEmergence, which serves as an industry source for business applications of AI.
- Martin Fiore, EY Americas Tax Talent leader who has explored the implications of AI in the tax, audit and talent acquisition areas.
- Otto Berkes, the chief technology officer for CA Technologies, one of the largest independent system software companies in the world.
- Ryan Welsh, founder and CEO of Kyndi, a venture-backed software company that is changing the paradigm of machine intelligence and how it’s used to solve some of the world’s hardest problems.
You can read the full article from Mendoza here.
Alan Dershowitz Shares His View on Key Legal and Ethical Issues – Gies College of Business News
High-profile lawyer and frequent contributor on FOX News and CNN, Alan Dershowitz, whose distinguished career in law has encompassed high-profile celebrity clients like Mike Tyson, Patty Hearst, and O.J. Simpson, visited the University of Illinois this past April.
Controversial lawyer and political personality Alan Dershowitz recently spoke at the University of Illinois / Photo via NYT
Dershowitz used his lecture as an opportunity to “discuss and to answer questions about freedom of speech, professional ethics, attorney-client privilege, and a range of other topics,” such as “media issues, attorney-client privilege, conflict of interest, and comparative ethics” with students from the Gies College of Business and the U-IL College of Law.
“Ethics are very situational. As lawyers, we’ve all be told things by our clients that we can’t sleep at night keeping as secrets. You feel you have to tell somebody. And you can’t. I can’t tell my wife or my children. You go to the grave with these secrets. And if you don’t want to do that, you can’t become a very good lawyer.”
You can read the full article here.
How To Get a Job with Google
As one of the most recognizable and powerful tech companies in world, Google has always prioritized bringing in fresh, new talent and hiring the best and brightest MBAs to help lead the next era of innovation at the company. Continue reading…
Rutgers Supply Chain Analytics Student Spends Summer at Amazon, and More – New York News
Let’s explore some of the most interesting stories that have emerged from New York business schools this week.
Beginning a Career in Supply Chain at Amazon – Rutgers Business School
Rutgers Business School exchange student Qiying Xu recently had an opportunity to put her supply chain management theory and Lean Six Sigma course work to use as part of an entry-level management position she will pursue at one of Amazon’s new fulfillment centers.
Xu writes that the Rutgers specialty master’s program in supply chain analytics gave her “the picture of the whole supply chain. The data analytics skills she’s accrued have almost single-handedly “changed the course of [her] career.”
You can read the full article on Xu’s work here.
Bridging the Gap Between Politics and Renewables – Johnson Business Feed
In a new op-ed with his alma mater, recent Johnson SOM graduate Mark DesMeules, MBA ’18, wrote about the role his school played in his career pivot from politics.
“I came to Johnson to accomplish what is colloquially known in the MBA world as a ‘career pivot.’ Prior to joining the Johnson community, I worked in politics in the nation’s capital—Washington DC. After gaining nearly five years of advocacy experience through my work with start-ups, non-profits, and Fortune 500s on intellectual property and technology policy issues, I decided to shift my career trajectory toward an industry I had always been passionate about: renewable energy.”
DesMeules writes that he was immediately sold on Johnson because of the school’s “robust academic and extracurricular offerings on sustainability and renewable energy.”
He elaborates, “At Johnson, I had the chance to explore the intersection of energy, sustainability, and business, all while becoming comfortable with ambiguity and complex business problems.”
“My Johnson colleagues, peers, and professors helped me learn, grow, and successfully pivot from the world of policy to the renewable energy industry. I am excited for the future and look forward to continuing to grow in the next chapter of my career.”
You can read the full op-ed from DesMeules here.
Governor Phil Murphy Selects Stevens to Announce New STEM Initiatives – Stevens Institute of Technology Blog
New Jersey Governor Phil Murphy recently visited Stevens Institute of Technology School of Business’ ABS Engineering Center to announce “two new STEM initiatives to retain highly-trained, technology-savvy college graduates in the state.”
The first is a “loan forgiveness program,” which will see “anyone who has worked in a STEM-related job in New Jersey for at least four years receive $2,000 per year, in years 5,6,7,8 at the same job, for a total benefit of $8,000. Employers and the state would split the covered amount 50/50.”
NJ Gov. Phil Murphy speaking at the Stevens Institute of Technology School of Business / Photo via stevens.edu
The second is an internship program for high school and college students in STEM fields, which reimburses “participating employers 50 percent of intern wages, up to $1,500 per student.”
Murphy said, “Stevens is one of the premier places where tomorrow’s leaders in innovation are learning the skills they will need to be successful and to change our world. If we are to grow the innovation economy again, we cannot lose our college graduates after graduation. I want them to stay here, in New Jersey, to be part of our economic future.”
Check out the full article here.
Merage Alum Paves New Roads at Toyota, and More – Los Angeles News
We’ve rounded up the biggest stories coming out of business schools in the Los Angeles metro this week.
Zack Hicks: Toyota’s Leader for the Digital Future – UCI Paul Merage Newsroom
Zack Hicks, alumna of the Executive MBA program at the Paul Merage School of Business at University of California, Irvine, is leading the charge for digital intelligence at Toyota Motor North America. Using his experience from Merage’s EMBA program, Hicks charges forward as Toyota’s first-ever Chief Digital Officer, and CEO/president of Toyota Connected, a big data company that looks to use technology for improving the driving experience.
Zack Hicks, Merage EMBA alum and Toyota’s Chief Digital Officer, and CEO/president of Toyota Connected
In 22 years with the company, Hicks has served in a wide variety of departments, from financial services to IT. When deciding to go back for his MBA, he sought a program that would offer a new set of tools to draw from as he advanced in his career.
“I wasn’t interested in just checking the box, and I didn’t want to learn just theoretical aspects of business,” he commented. He also reflected on Merage’s diverse faculty and real-life business education: “I knew that made Merage a much richer learning environment,” he said in a recent interview with the UCI Paul Merage Newsroom.
Read more about Hicks’ work at Toyota and the EMBA program at Merage here.
Six Los Angeles Entrepreneurs Share Why Their City Is So Great For Starting a Business – Forbes
Though it may be better known as a city of dreams for Hollywood hopefuls, Los Angeles is also increasingly becoming a hub for business and entrepreneurship. Forbes recently compiled the insight of six members of the Forbes Los Angeles Business Council, sharing their thoughts on why Los Angeles is a top destination for entrepreneurs.
L.A. business leaders across a variety of industries shared their thoughts on the city as a perfect startup environment, including the city’s strong tech community, influx of startup talent, and its ‘second-mover’ advantage over Silicon Valley. “LA has the second-mover advantage when it comes to the startup scene,” commented Anna Nguyenova of TubeScience. “The office and living rent is significantly cheaper, there is more space to grow, more land to build on and it has one of the highest number of students graduating with a STEM degree.”
You can read more insights from L.A. entrepreneurs here.
G3X Conference Keynote Jan Masaoka to Examine the Challenges and Opportunities of the Nonprofit Sector – Mihaylo Newsroom
This August, the Mihaylo College of Business at California State University, Fullerton will host the weeklong G3X Conference to discuss issues in the social profit and social enterprise fields. The conference will be presented by the Mihaylo College Gianneschi Center.
Among the keynote speakers for the week will be Jan Masaoka, CEO of the California Association of Nonprofits. Masaoka has been in the social sector in California for many years, serving from 2007 to 2015 as editor-in-cheif for Blue Avocado, an e-magazine for philanthropic professionals. In 2003, the Nonprofit Times named her the Nonprofit Executive of the year. In advance of the conference in August, Masaoka shared her thoughts on philanthropy and success in the field with Mihaylo.
“Start and perhaps stay with work that is close to the action,” Mihaylo commented, offering advice to young people looking to join the social profit sector. “Instead of seeking to be an art grantmaker, put in the time as the office manager of a community theater.”
You can read more about Masaoka and the upcoming G3X conference here.
MBAs Hold High Expectations for B-School Admissions Process, Survey Finds
According to the 2018 MBA Applicant Survey conducted by the Association of International Graduate Admissions Consultants (AIGAC), MBA applicants expect a lot from business schools as they make their way through the admissions process. Not only do they want the schools themselves to be more transparent—including providing status updates, feedback, and earlier wait list decisions—they also want more consultant advice and interaction.
“More transparency in terms of the status of the application will be appreciated,” wrote one survey respondent. “Leading schools like [schools] were notoriously quiet about the application for more than 5 weeks.”
Even applicants whose bids for admission were unsuccessful want more from schools. “Feedback at some point would be fantastic,” wrote one. “At least some indication of what portion of an application was below expectation would be helpful even just for personal development.”
The latest annual AIGAC survey drew almost 2,000 responses from applicants to more than two dozen leading business schools. Results were released as part of the admissions consultant group’s annual conference, which took place last week at Northwestern’s Kellogg School of Management.
Where Do MBA Applicants Look for Admissions Information?
According to the survey results, school websites are a primary source of information for 80 percent of applicants. After school websites, online information sessions, student and alumni referrals, and admissions teams are where applicants are most likely to turn. In terms of what they are looking for, applicants are most eager for information that helps them set expectations for the admissions process, but finding it isn’t always easy. As one survey respondent said, “[School]’s application process was steeped in mystery.”
Outside of school resources, students look to social media, online communities/forums, MBA rankings, and then family/friends/work colleagues. They also look to the blogs and websites of admissions consultants as well as printed viewbooks and brochures. And many applicants look in as many places as possible to find the information they crave.
“Videos, interviews, and current or alumni experiences are very valuable,” wrote one survey respondent. Another underscored the importance of school websites being “very easy to navigate.” Online seminars that only reiterate information available on the schools’ websites are less valuable, shared another.
In the social media sphere, more applicants look to LinkedIn for information than any other channel, followed by YouTube and Facebook. Quora follows, trailed by Instagram and Twitter.
Schools That Get to Know MBA Applicants Best
Cornell’s Johnson Graduate School of Management, UVA’s Darden School of Business, and Dartmouth’s Tuck School scored the highest marks in terms of how well they get to know applicants as part of the admissions process. Notably, some of the most highly ranked business schools fell short in this regard, with Stanford Graduate School of Business and Harvard Business School bringing up the rear. As one candidate explained, “Though I fell in love with [school] during my campus visit, I felt that their application process was very impersonal, and I didn’t feel like I had enough of an opportunity to show the school who I was with a video and a [short essay] …”
Why the MBA? Why a Particular School?
The survey also sought to understand what most motivates applicants to apply to MBA programs in general. More than half—57 percent—seek to acquire new information, skills, and knowledge. Forty-nine percent, meanwhile, want access to job prospects. And 48 percent are seeking a stronger network or to advance their careers.
As for the top factors influencing which schools applicants choose to target, reputation reigns supreme, cited by 66 percent of applicants surveyed. School rank was a top factor for 61 percent, and school culture, for 53 percent.
To learn more about the survey results and to read more personal responses from applicants, consult the full survey here.
This article was edited and published with permissions from our sister site, Clear Admit.
Real Humans of the Drexel LeBow Class of 2019
Over 100 years since the founding of what would become the Drexel University Bennett S. LeBow College of Business, the business school, located in the heart of Philadelphia, has steadily transformed into one of the nation’s most dynamic landing spots for MBA candidates. Alongside the LeBow MBA, Masters and Executive programs, the school offers a highly—regarded part-time and Online MBA, both of which have been recognized among the best in the country by U.S. News & World Report and the Financial Times.
With so many acclaimed AACSB-accredited programs, its only natural that the LeBow College of Business would be cultivating an increasingly diverse MBA class. These students have an opportunity to study accounting, business analytics, supply chain management & logistics, economics, finance, general business and marketing, taught by over 100 full-time professors at the business school. Currently, around 3,800 students are enrolled in various graduate, undergraduate, and doctoral programs. An estimated 1,020 are enrolled in the graduate programs alone, making LeBow one of the largest private business schools in the country.
Outside Gerri C. LeBow Hall, the center of Drexel’s LeBow College of Business
Of the 3,800 aforementioned students at LeBow, approximately 450 come from 60 countries outside of the United States. The numbers, however, only tell a small story about the Drexel LeBow Class of 2019. To learn more about what it means to earn a graduate degree from LeBow, we interview five current students, who come from several corners of the world: from Asia, to Europe, to right here in Philly. Read on to see what’s in store for these students at LeBow and what life after an MBA and Masters may look like.
U. Chicago and Northwestern Deadlines, and More – Chicago News
Let’s explore some of the most interesting stories that have emerged from Chicago business schools this week.
University of Chicago and Northwestern University Reveal 2018-19 MBA Deadlines – MetroMBA
Both of Chicago’s top-tier business schools—Chicago Booth and Northwestern Kellogg—have announced deadlines for the upcoming MBA application season, starting this fall and extending into April of 2019.
Northwestern Kellogg MBA deadlines for 2018-19 begin Sep. 19, 2018 / Photo via northwestern.edu
How Superstition Changes the Way We Make Decisions – Kellogg Insight
Northwestern University Kellogg School of Management professors of marketing Ping Dong and Aparna Labroo recently published new research that explored the impact of superstitious actions on everyday decisions in an edition of Kellogg Insight.
According to the article, they were specifically interested in understanding how they “changed the way we calculate our odds of success or failure when deciding whether to do something risky.”
Labroo uses their study as an opportunity to suck the metaphysical life out of superstitious actions: “We can think about all kinds of good things happening and all kinds of bad things happening, but thinking about the probability and trying to compute expected value is less natural. It takes a little more effort.”
You can check out the full article here.
Could Walk-In Clinics Ease the Opioid Crisis? – Booth Chicago News
New York physician and psychiatrist Dr. Tamir Aldad was frustrated by the “boomerang” effect he experienced with the opioid addicts he treated for “substance use disorder, depression, bipolar disorder, post-traumatic stress disorder, or potential risk of self-harm,” who returned to the “ER in a couple of weeks with the same or worse problem than they came in for in the first place.”
After Dr. Aldad enrolled in Chicago Booth’s Executive MBA program, he launched the Mindful Urgent Care startup, a “walk-in psychiatric clinic designed to … increase mental health access and speed quality and affordable treatment to a population of patients with unmet needs.” Dr. Aldad and his teammates placed first in Booth’s Global New Venture Challenge this past April.
Aldad writes, “In value-based care, patient outcomes really matter. What we are seeing now is that patients in mental health are costing more and more. If a patient winds up in a hospital because they couldn’t get in to their doctor’s office or have a medication refilled, the healthcare costs escalate. We have an opioid crisis, and we have to proactively work to find ways to prevent mental illness from getting worse.”
Read more about Aldad’s experience in the Booth EMBA program here.
Quinlan Alum Leads Through Service – Quinlan School of Business Blog
The Quinlan School of Business at Chicago’s Loyola University recently interviewed alum Illiana Alvarenga BBA ’14, BA ’14 about Quinlan prepared her for a multi-faceted career path that includes a healthy dose of service and service leadership as part of her position as the Chicago chair of UNICEF’s Next Generation Initiative.
“It was at Loyola that I strengthened my love for giving back. For me, Quinlan strengthened a foundation of being strategic, but also encouraged us to always keep in mind what’s good for our communities,” Alvarenga writes.
This year Alvarenga traveled to South Africa with UNICEF to figure out how they “can leverage technology to help with programs to stop illness through increased handwashing, help girls excel in STEM-based careers, and more.”
Alvarenga also works as a competitive intelligence senior associate at JP Morgan Chase, where she focuses on “supporting the business in understanding emerging consumer behavior trends, the changing payments landscape, digital and mobile initiatives in financial services, and new developments in financial technology.”
You can read the full Quinlan interview here.
