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The Boston Vs New York Full-Time MBA Battle
Whether it’s Yankees vs. Red Sox or the Puritans against the Dutch, Boston and New York have always been two cities famous for being at odds with each other. But put their cultural and historic differences aside and you’ll find one big commonality between the two Northeast cities: Both metros are also known as top locations for prospective MBAs looking to earn an advanced business degree full-time. Continue reading…
Funds Help McCombs MBA Students Pursue Social Impact
With the rising emphasis on social impact in recent years, it has become fairly common for MBA programs to prepare their students not just to do well in business but to also do good in the world, and students are on board with this shift in focus. Based on Net Impact’s 2014 “Business as UNusual” guide to graduate programs, 88 percent of surveyed MBA students reported that learning about social and environmental business is a priority.
At the UT Austin McCombs School of Business, peer-generated funds are supporting MBA students in exploring social impact as a career emphasis, starting during their first-year internship.
The Social Enterprise Fund
The Social Enterprise Fund was created by the full-time MBA Class of 2010 as a legacy gift. Its goal: to support first-year MBA students who are interested in working in social impact career fields such as sustainability, nonprofits and other nontraditional sectors.
As an expansion to the fund, the co-founders developed the McCombs’ Social Impact Internship Fund (SIIF), which provides first-year MBA students with financial support so they can explore internships in nonprofit and social impact organizations. These internships typically pay less than those in technology, consulting and financial services, but SIIF helps to offset some of the difference.
That help was especially welcome to Andrew Whiteman, MBA ‘17, who wanted to choose an internship without money driving his decision. He opted to intern with a clean energy startup in San Francisco where the pay was less, but the opportunity to do good was great.
“I was committed to working for a clean energy company and therefore did not recruit with big consulting firms or banks earlier in the semester,” Whiteman wrote in a blog. “With a cross-country move to one of the most expensive cities in the country, the SIIF stipend helped make sure I stayed above water during the summer.”
And, last year, the fund received a boost from SIIFs co-founders, which decided to increase support for students to make a bigger impact. Their goal was to strengthen McCombs’ emphasis on social impact as well as the recruitment of students to that area of work and study.
In the end, thanks to MBA ’17 students Tim Carreon, Silva Gentchev, Margo Hufstetler Gonzalez and Caitlin Goodrich—who co-founded the fund during the spring 2016 semester—and other McCombs’ alumni and faculty, the fund raised more than $33,000, increasing previous funding by more than 600 percent.
“The SIIF allowed me to explore employment at a company with a social impact mission without having to worry about how I was going to make it work financially,” said Teddy Boeddiker, MBA ’17, who interned with small footprint home company Kasita. “This is something that I believe many MBA students are interested in, but few can afford to accept a low-or no-income internship or job.”
McCombs MBA Students Pursue Social Impact
In a recent school blog entry, McCombs shared the internship experiences of MBA ’17 students Andrew Whiteman, Janet Thomassen, Eric Pressberg and Teddy Boeddiker: four students that benefited from the SIIF.
- Andrew Whiteman, MBA ‘17
Whiteman interned at Stem Inc, an energy startup in San Francisco that pairs intelligent controls with energy storage to increase energy cost savings and protect against changing rates. “Working at Stem was a thrilling experience,” said Whiteman, who worked on pricing solutions for the wholesale electricity markets.
“Electricity market participants often face unpredictable price swings and common hedging strategies can be quite costly,” he said. “My final product was a financial model that quantified the economic value in the marketplace, proposing an alternative solution to current hedging strategies.”
- Janet Thomassen, MBA ‘17
Thomassen took an internship in New York City with the social impact consulting firm, Inspiring Capital, which supports the social enterprise sector by connecting talented business professionals with high-potential and purpose-driven organizations. Her role was to work with Goodwill NY/NJ to assess the financial feasibility of a new document management service.
“The feasibility study led me to urge Goodwill not to pursue this additional business line due to a highly competitive market and unattractive long-term financial returns,” she said. “However, I shared lessons on how to think about the market opportunity, operational competencies, and financial considerations when assessing the viability of a new business line.”
- Eric Pressberg, MBA ‘17
Pressberg chose to intern with an environmental conservation nonprofit in Washington, D.C., the Nature Conservancy. As a summer associate, his role was to work with the conservation finance team to help the new aquaculture—fish farming—department.
“We were developing the strategy, [deciding] how to go about raising funds, the story to tell potential donors, and what type of projects we want to have—things like building a tool to decide if a project was worthy of investment, creating some of the PR documents to communicate with potential investors and donors and then actually designing the specific project, which was based in the Chesapeake Bay,” he shared.
- Teddy Boeddiker, MBA ‘17
Boeddiker stayed in Austin for his internship and worked with a small footprint home startup called Kasita. The company manufactures 320-square-foot homes for more affordable housing options. As an intern, Boeddiker spent his time fine-tuning the pitch deck to help the company gain additional funding.
“I spent most of my effort helping ‘Professor Dumpster’ [Jeff Wilson, CEO and co-founder of Kasita] fine-tune his pitch deck as he sought funding to grow the company,” he said. “He was pitching the company to experienced technical investors who expected more detailed information on financial projections and the market size.”
By offering funding and internship opportunities for their MBA students, McCombs has helped to alleviate some of the financial burden for students interested in social impact, and making it easier than ever to enter this particularly rewarding career area.
USD Mentor Program Connects Alums With Undergraduates
Starting a career in business can be intimidating for many undergraduate students. That’s one reason behind the Mentor Program run through the Ahlers Center for International Business at the University of San Diego School of Business. The program enhances career preparation skill sets by connecting undergraduate students with MBA alumni at companies such as WD-40, Qualcomm, UTC Aerospace Systems, Leidos, Hologic and more. Continue reading…
Business Needs Diversity Says Ivey MBA Student
While many MBA programs around the world tout their diversity, what does that mean for the students? Does a student from China really feel like they can be their self if they attend school in America? Or can a Canadian remain unchanged when attending school in London? These are the questions that Frances Guo, an Ivey Business School MBA ’18 candidate, asked herself in a recent blog entry. Continue reading…
New York City MBA Information Technology Programs
Information Technology (IT) is critical to the business world. It allows organizations to work more efficiently and helps maximize productivity. IT also covers a range of areas from computer applications to remote access networks, security engineering systems, and communication. The Bureau of Labor Statistics predicts that jobs for Information System Managers will grow much faster than average compared to all occupations. In fact, the job outlook for 2024 is 15 percent growth compared to 7 percent on average.
If you’re in the New York City area and you want an MBA in Information Technology, the following schools offer programs and concentrations for this fast-paced and growing career field. Continue reading…
Running a Company: Two UCLA Anderson MBA Alums Discuss
Entrepreneurship is one of the fastest growing career choices; Forbes estimates that approximately 543,000 new businesses are started each month. That said, the truth is that 90 percent of startups eventually fail, which makes it vital for budding entrepreneurs to learn from their predecessors.
Recently, Erik Basu, a UCLA Anderson School of Management MBA alum and Founder/CEO of Sentek Global, and John Tabis, Anderson MBA ’06 and Co-Founder of the Bouqs Company, shared their advice about running a company. And while both company founders offered different perspectives, their advice is valuable for any potential entrepreneur. Continue reading…
Mays Professor Arvind Mahajan Awarded for Excellence in Teaching
Arvind Mahajan, Finance Professor at the Texas A&M University – Mays Business School has been selected as a recipient of the Piper Professor Award for excellence in teaching.
Urbanization And Populism Clash, Says Ted Rogers Faculty
There’s a wide gap between rural dwellers and city folks, explains Dr. Kim Bates, Director of MBA Programs at the Ted Rogers School of Management, and Dr. Steven Murphy, Dean of the School. This gap is apparent in the results of the U.S. elections, where “Trump supporters are those who have been left behind by globalization and digitization,” and are stranded in small communities where they cannot get gainful employment, states The Globe and Mail article. According to this populist politics narrative, universities pollute the minds of the young, filling them with new ideas that leave the past behind, and business schools play a major role in this. Continue reading…
Chicago Booth EMBA Alum Gift Expands Social Innovation
A $20 million gift from a Chicago Booth MBA alumni will support expanded research and programming in social innovation and entrepreneurship at the University of Chicago. Continue reading…
Rob Adams Announced As New UW Foster Entrepreneurship Center Director
For years the Buerk Center for Entrepreneurship has integrated entrepreneurship into the very fabric of the University of Washington, particularly its Foster School of Business. Now, with Seattle angel investor, startup mentor and former Cisco acquisitions manager Rob Adams as the next director, there are more great things to come. Adams succeeds Connie Bourassa-Shaw, who will be stepping down at the end of June to take her place as the part-time executive director of the Foster School’s new Master of Science in Entrepreneurship degree program. Continue reading…
Friday Morning News & Notes: Stanford Success, Philly Job Growth And More
Good morning and happy Friday!
Here are a few stories you may have missed from the week that was …
Admissions Tip: Considering the Campus
Continuing our series of admissions tips geared towards those individuals who are just beginning to think about their MBA applications, we wanted to offer some advice on factors to consider with respect to a school’s facilities and location. Whether speaking with current students or touring the campus for yourself, it’s helpful to approach these information-gathering experiences with as clear a sense of what matters to you as possible.
Cranfield School of Management Energy MBA Arriving In September
Starting this September, the Cranfield School of Management will welcome its first class of students for their new MBA in Energy program. The program will combine business education and energy and power—two of the university’s strengths—to enable MBA students to capitalize on the rapidly changing and expanding energy industry. Continue reading…
Your Guide To The University Of Washington Dual MBA
Dual MBAs or concurrent degrees provide students the opportunity to earn an MBA—and the strong foundation of business knowledge that comes with it—while earning an additional degree. With the chance to pair MBAs with a wide range of degree programs from law to healthcare, dual degrees can save students time, money and give graduates the industry-tailored knowledge which will give them a competitive edge in the job market.
Oxford Saïd Expands New Global Council & Responsible Business Forum
Like many leading MBA programs in the global arena, the University of Oxford Saïd Business School is continually working to enhance its opportunities for students, professors and alumni. Most recently, the school expanded its global reach with the establishment of a new Global Leadership Council, which has the goal of advancing the school’s business education model. In addition, the second annual Responsible Business Forum provided a platform for the next generation of business leaders to address social and environmental issues.
Both the Council and the Forum brought together global companies and educational stakeholders to support the development of mutually beneficial relationships. Continue reading…
The Best Washington DC Part-Time MBA Programs
It’s common knowledge that professionals with MBA’s have higher average salaries after graduation, greater networking potential and a number of other advantages. A part-time MBA is a great way to earn these advantages at your own pace while minimizing student load debt and maintaining career momentum. If you’re thinking of getting your MBA, but can’t imagine the time commitment of a full-time graduate program, there are a host of part-time programs that can accommodate a busy schedule.
Dan Heiser Named Full Chair At DePaul University
After serving as the interim chair of DePaul University’s Department of Management & Entrepreneurship for the last year, the school has announced that Dan Heiser has received a three-year assignment to become full chair. Continue reading…
MBA Alumni Spotlight: YouTube CEO Susan Wojcicki
Quietly, YouTube CEO Susan Wojcicki just might be the tech world’s most decorated mover-and-shakers.
