Feb 18, 2020

The Summer 2020 MBA Internships That Should Be On Your Radar

Summer 2020 Internships

While this column typically focuses on MBA graduates, we don’t want to leave our current MBA students high and dry. In this week’s column, we’re going to switch our focus from jobs for graduates to summer 2020 internships available for current students. If you are one such person, don’t fret if you haven’t gotten in on this yet—there are a variety of options still available. However, time is of the essence.

MBA Intern for FX Networks — Walt Disney Company

Walt Disney Company is a leading media and family entertainment enterprise. The company is well known for its vault of classic animated movies, soon-to-be streaming empire, and amusement parks.

The company is looking for talented candidates to work as interns for FX Networks, a recent acquisition in the merger of Fox and Disney. The intern will work on studio finance and strategy, update financial models and forecasts and building analyses. In addition, they will have their own project to steward for the length of the three-month (May–August) internship.

Candidates must be currently enrolled in an MBA program or graduated within the past six months. In addition, they should have experience with Excel and PowerPoint and have experience with financial analysis.

Key responsibilities include:

  • Learning about the strategic issues facing a television network
  • Gaining exposure to financial planning and analysis
  • Gaining exposure to strategic finance

More about this internship and others can be found on the Walt Disney website.

MBA Internship — GE

GE is a multinational conglomerate that has been in operation for over 120 years. Headquartered in Boston, the company currently works in the following sectors: aviation, healthcare, power, renewable energy, digital industry, additive manufacturing, venture capital and finance, and lighting.

GE is hiring talented MBA students to work as interns at the company, operating at its aforementioned Boston headquarters. The person hired for this internship will be assigned to a senior leadership team project on which it will work throughout the 10-to-12-week internship. In addition to the project, he or she will have a coach assigned to them.

MBAs that earn an internship at GE will work at the company’s Boston headquarters from 10 to 12 weeks.

This person will provide them access to senior leadership within the company. Candidates for this position should be currently enrolled in an accredited MBA program and have a 3.0 GPA. In addition, candidates should have three to five years of previous work experience and be able to work full time for the entire summer.

Key responsibilities include:

  • Building knowledge of the GE ecosystem
  • Establishing networks
  • Demonstrating the ability to adapt

More information about this and other internships can be found on the GE website.

MBA Intern — Uber

Uber is a rideshare service that provides rides to customers in more than 785 metropolitan areas around the world. Based in San Francisco, the company also offers a food delivery service (Uber Eats).

Uber is hiring an intern to work out of the company’s corporate headquarters in San Francisco. The person hired for this position will be working on strategy and planning for the company with regard to its community operations in the United States and Canada. This internship will run during the summer. Candidates for this position should be completing their first year of a full-time MBA program and have at least four years of previous experience in investment banking, consulting, or corporate strategy. In addition, candidates should have exceptional Excel skills.

Key responsibilities include:

  • Developing strategic insights to support Uber’s sustained growth
  • Conducting industry benchmarking analysis
  • Providing thought leadership on problems without precedent

Visit the Uber website to learn about this opportunity and many others.

MBA Intern — Ford

Ford is a major player in the automotive industry. The Dearborn, Michigan–based company is the second-largest auto maker in the United States and the fifth largest globally. The company sells vehicles under its own name as well as under the Lincoln name.

Ford is looking for talented MBA students to come to the company’s headquarters and learn more about the company. The person hired will be joining Ford’s finance team, learning more about its globe-spanning operation. Unlike the other internships listed here, this is a leadership program, intended to cultivate talent that will join the Ford family.

Each rotation in the program is 18 months, and interns will go through two rotations. Candidates will have made progress to complete their degree by spring 2021, and they will have at least three years of prior experience in finance.

Key responsibilities include:

  • Advancing Ford’s global plan
  • Gaining exposure to marketing and sales
  • Gaining exposure to financial planning and analysis

More about this program and other opportunities can be found on the Ford website.

Posted in: Boston, Disney, Featured Home, Featured Region, General Electric, MBA Jobs, New York City | 0 comments

Feb 14, 2020

The Top Deferred Enrollment MBA Programs

Deferred Enrollment MBA

In the past several years, we’ve seen more and more leading business schools offering deferred enrollment MBA programs.

Traditionally, full-time work experience has been a requirement for acceptance into a leading MBA program, with students averaging five years of professional experience at the time they begin their graduate studies.

Most deferred enrollment programs still require work experience—the difference is that students can gain this experience after they earn admission. Deferred enrollment MBA programs guarantee college seniors (and sometimes graduate students) a spot in their MBA programs, allowing them to enroll two to five years after they graduate from college. This allows students to focus on their work experience with their MBA plans already in place.

Read on for information about deferred enrollment programs at:

How Deferred Enrollment Programs Work

“This type of program is for those who know that an MBA program is something they want to pursue in the future. Not directly after their undergraduate degree (in most cases), but a couple of years later,” explains Alex Brown, an MBA admissions expert at Clear Admit.

Ambitious undergraduate students apply to b-school during their senior years and then receive a promise of a seat in a future cohort. Typically, they are required to gain two to five years of full-time work experience between being accepted and starting an MBA. Once they do enroll, they join the same MBA cohort as those admitted through the traditional application process.

“Applying and gaining admission during college helps reduce the uncertainty of their plan going forward. So rather than entering an analyst program at a consulting firm, for example, with the hope of gaining admission to a top MBA program after a few years, new graduates can enter the program knowing they have an MBA option already,” says Alex. “Of course, it doesn’t stop them from changing their minds, or pursuing other MBA options and forgoing the early admission.”

These deferred enrollment programs are ideal for candidates with established leadership skills. Typically, candidates have outstanding internships, strong academic credentials, and high test scores when they apply. “Also, these candidates are still typically early in their career arch when they start their MBA programs. But, it makes sense if they are focused and really understand how the MBA program will help develop their career further,” explains Alex. “It’s good for candidates with focused career goals.”

Additionally, it’s worth noting that deferred admissions MBA programs are open to applications from students of all academic backgrounds. In addition to the finance, business, and economics majors, who are well represented in the traditional MBA applicant pool, deferred enrollment programs welcome those from a STEM or humanities backgrounds. Whatever their major, the key for applicants is to have a solid plan for the future and a good sense of how an MBA fits into that plan.

The unique Yale SOM deferred enrollment program is one of the few in the U.S. that lasts three years.

Deferred Enrollment Programs at a Glance

So, what are some of the top deferred enrollment programs and how do they vary?

At a glance, the structure of most deferred enrollment MBA programs are similar. All but Yale SOM are two years in length and place students in the same cohort as the full-time MBA. On the other hand, the Yale Silver Scholars program is three years in length, with the first and third year being the same as the standard MBA and the second year being an extended internship. The reason behind this difference is that the program accepts candidates directly after their undergraduate career without any work experience.

The rest of the programs require that students gain two to five years of full-time work experience before they start their MBA studies. However, in some cases, work experience is not required if the student is currently completing another graduate degree (this is the case for Stanford’s program).

“Generally, the students co-exist in the same program” as those admitted through the traditional process, explains Alex. “Younger students might have more energy and enthusiasm, older candidates might have more experience and insights. It can become a great blend for an academic experience.”

Another key distinction is eligibility; the Haas Accelerated Access and Wharton Moelis programs are only open to UC Berkeley and University of Pennsylvania students, respectively. In 2019, Wharton added another deferred admissions program for students from any institution, not just Penn.  MIT Sloan allows MIT students with an undergraduate GPA of 4.25 to waive the GMAT, and UVA Darden, Haas, and Wharton all offer scholarships for their deferred programs.

Deadlines for each of these programs tend to fall April, around the Round 3 MBA application deadlines.

Inside the Deferred Enrollment MBA Programs at Leading Business Schools

Here’s a deeper look at the details of each school’s deferred enrollment MBA structure, eligibility, and application requirements.

Berkeley Haas Accelerated Access

The Berkeley Haas Accelerated Access program is currently only open to UC Berkeley undergraduate and graduate students in their final year of study—though there are plans to expand to the rest of the University of California and beyond in the future. The program offers early conditional admission into the Full-Time MBA program with the ability to defer for two to five years to gain professional experience. There are two application deadlines—one in April and one in June—with an application process very similar to the full-time MBA program, except the application fee is waived.

Application requirements include the application form, university transcripts, two short essays, two recommendations, a resume, and the GMAT or GRE. Interviews are then conducted by invitation only. Accepted candidates must make a $500 deposit.

To celebrate the launch of Accelerated Access, up to five $100,000 scholarship awards will be available for students applying in 2020. Upon matriculation, candidates will be eligible for other scholarships and dual degree programs.

Chicago Booth Scholars Program

The Chicago Booth Scholars program is a deferred MBA program for promising candidates looking to secure a seat in a future Chicago Booth full-time MBA cohort. It’s open to undergraduates from any institution in their senior year, and grants admits a two to four-year deferment before they begin the full-time MBA program. While working full time, students have the opportunity to engage with Booth and explore the University of Chicago community. If candidates prefer to continue working after four years, they have the opportunity to enroll in the Evening or Weekend MBA programs.

Applications are due in April, and are similar to the full-time MBA application. Application requirements include a data form, short answers, an essay, two recommendations, unofficial transcripts (official copies required of admitted students), and professional resume.  International students must take the TOEFL, unless their undergraduate degrees were conducted in English. All applicants must take the GMAT or GRE; there is no preference given to either test. Interviews are then conducted on an invitation only basis.

Columbia Business School Deferred Enrollment Program

The Columbia Business School Deferred Enrollment program is open to undergraduate and Master’s students who apply during their final years of study. (Students enrolled in Ph.D. programs, law school, or medical school are not eligible.) Once accepted, they can take two to five years to enter the workforce, and start the full-time MBA program when it’s right for them. To begin the program, candidates simply send the school a letter of intent to Columbia indicating whether they want to enroll in January (16-month program) or August (20-month program with summer internship). Admitted students gain access to conferences, events, and school-wide resources prior to matriculating.

Applications are due by mid-April, and requirements include a data form, short answer questions, an essay, two recommendations, academic transcripts, and professional resume. All applicants must take the GMAT, Executive Assessment, or GRE within three weeks of applying. Interviews are then conducted on an invitation only basis. CBS releases decisions on a rolling basis, within two weeks of the interview.

In 2019, 114 candidate were admitted to the CBS Deferred Enrollment Program.  Their GMAT scores ranged from 640-790, and GPAs ranged from 2.92-4.0.  Forty-nine schools and 11 countries were represented in this incoming class.

Harvard Business School 2+2 Program

Harvard’s 2+2 program is perhaps the best-known deferred MBA. Candidates apply in their final year of undergraduate or graduate school, then spend a minimum of two years (maximum of four) working full-time before they begin Harvard’s full-time, two-year MBA program. This program is open to students who plan to work in the public, private, or nonprofit sector, with preference given to applicants planning to work in an operating company (tech, manufacturing, consumer goods, retail, industrials, etc.), from a lower socio-economic background, going into a technically demanding role, or pursuing entrepreneurship.  Students enrolled in Ph.D. programs, law school, or medical school are not eligible; they should apply through the regular MBA admissions process.

The application is essentially the same as for the traditional MBA program, though the application fee is $100 instead of $250. The application fee is waived for active duty military applicants. The admissions deadline is in April. Candidates may enter the full-time MBA program once they have met work experience requirements.

More than 1,400 candidates applied to be a part of the Class of 2023, and 115 students ultimately committed to the program.  Their GMAT scores ranged from 590-790, and their average GPA was 3.79.

Kellogg Future Leaders

Northwestern Kellogg’s Future Leaders program is open to any undergraduate student in their final year of school, as well as Master’s students who began their graduate programs directly after undergrad. Students enrolled in Ph.D. programs, law school, or medical school are not eligible; they should apply through the regular MBA admissions process.

Successful applicants defer their enrollment at Kellogg for two to five years, during which time they are expected to gain relevant work experience.  Candidates may also reassess which MBA program to join; while applicants are accepted into the full-time two-year MBA program, they can also choose the Evening & Weekend or One-Year program. They may also expand their plans to consider the JD-MBA or MMM, though those require admission to the other Northwestern schools.

The application requires brief essays, a recommendation, and an interview by invitation; the TOEFL and GMAT/GRE are also conditional requirements. Non-native English speakers must take the TOEFL, unless their undergraduate studies were conducted in English. Northwestern undergraduates do not have to take the GMAT/GRE, but it is required for all other students. While there is no application fee, admitted candidates need to make an initial deposit of $500, then $500 for every year of deferment; these funds ultimately apply to tuition when they matriculate.

MIT Sloan MBA Early Admission

The MIT Sloan MBA Early Admission program is open to any exceptional undergraduate student during the year that they are graduating. Graduate students without full-time work experience may also apply.  Between being accepted and starting the program, candidates are expected to seek two to five years of full-time work experience.

Applications are due in April, and requirements include a data form, cover letter, video statement, two recommendations, academic transcripts, and professional resume.  All applicants must take the GMAT or GRE, but MIT students can waive the GMAT or GRE if they have a GPA above 4.2.  Interviews are then conducted on an invitation-only basis. The application fee is waived for all candidates.

Stanford GSB Deferred Enrollment

The Stanford GSB Deferred Enrollment program is open to undergraduate students who want to begin their MBAs immediately after their senior year. However, students are encouraged to defer for one to three years to gain work experience (two-year deferrals are most common). They can apply during any of GSB’s three application rounds, and can choose which year’s MBA cohort they would like to enter. If they decide to defer for one to two years, they can apply for specific fellowships the year before starting their full-time MBA.

Those eligible for deferred enrollment have their application fee reduced to $100.

UVA Darden Future Year Scholars Program (FYSP)

The UVA Darden FYSP program is open to undergraduate students in their final year, as well as Master’s students. Candidates can apply in January, April, or August. Once admitted, they then go on to gain two to four years of work experience while also gaining access to the Darden alumni community for mentorship, networking, and individualized career support. Then, once ready, candidates join the regular full-time MBA program.

The application requires a GMAT, GRE, MCAT or LSAT score, but applicants are encouraged to take the GRE or GMAT before matriculating. Applicants must also submit a resume, transcripts, an essay, and two letters of recommendation. While there is no application fee, admitted candidates need to make a deposit of $500 for every year of deferment; these funds ultimately apply to tuition when they matriculate.

Wharton Advance Access Program

Undergraduate seniors and graduate students from any institution outside of Penn can apply early for the Wharton MBA through the Advance Access Program. Accepted applicants receive special professional development and career services support, as well as access to the Wharton community including annual retreats and mentoring. Applicants may apply in their senior year during Round Three of the MBA admission timeline, and are evaluated similarly to the overall MBA applicant pool. Candidates defer for two to four years of work experience, and then join the regular two-year, full-time MBA program when they’re ready.

University of Pennsylvania undergraduates, specifically, can apply through the Wharton Moelis program. The benefits mirror those of the Advance Access program, with the added potential for a $10,000 yearly fellowship (or more, based on merit).

While the application fee for the Moelis program is waived, applicants through the Advance Access program must pay a reduced application fee of $100. The application requirements for both options include unofficial transcripts, GMAT or GRE score, a resume, two letters of recommendation, two essays that are the same as the general MBA application, and interviews (Team-Based Discussion & one-on-one). Admitted candidates through either program need to make a deposit of $1,000 at the beginning of June of the year they are accepted, and then another deposit of $1,000 when they decide to matriculate. The school also expects yearly affirmation of intent to attend the program, as well as verification of work experience.

Yale SOM Silver Scholars

Students admitted to the Yale Silver Scholars program start their MBA studies immediately after college graduation. Candidates spend one year completing the core curriculum, and then undertake an extended full-time internship in year two. Then, during the third year, they return to Yale SOM to complete their degree with MBA elective courses. Students are fully integrated into the Yale SOM MBA class, but they have special programming and career development support that’s tailored to them. Candidates apply during their senior years of college.

Applicants complete the same online application as regular enrollment candidates, with nuances in the Work Experience and Activities sections of data form. Yale notes that only college seniors are eligible to apply, and they must submit two letters of recommendation. If invited to interview, candidates will meet with one or more members of the Silver Scholars committee.

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

Posted in: Boston, California, Chicago, Featured Home, Featured Region, New York City, Philadelphia, Research Triangle, San Francisco | 0 comments

Dec 30, 2019

Why Business School Grads Should Consider HubSpot

HubSpot Career

Massachusetts-based tech development company HubSpot builds tools and software for marketing and sales teams to help make their lives a little more organized and easier. It’s not only a godsend for its customers but also for its employees. Glassdoor dubbed HubSpot the “Best Place to Work in 2020.” For the last 12 years, Glassdoor ranks the top 100 companies by user data, such as a company’s culture and workplace ratings. So, actually, that means employees choose the winner.

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Posted in: Boston, Featured Home, Featured Region, HubSpot, MBA Jobs, News | 0 comments

Dec 13, 2019

Hubspot, Bain & Company Top Glassdoor’s 2020 Best Places to Work List

Best Places to Work

In the annual Glassdoor Best Places to Work list, Cambridge, MA’s HubSpot has earned top billing for the first time.

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Posted in: Bain, Boston, Featured Home, Featured Region, Glassdoor, MBA Jobs, News | 0 comments

Nov 21, 2019

Top MBA Recruiters: New Balance

New Balance Career

Founded in 1906, New Balance is one of the world’s most well-known sports footwear and apparel manufacturers. It’s an American multinational corporation based in Boston, Massachusetts that has a manufacturing presence in the U.S. as well as the United Kingdom. The company is known for its more expensive products that come in a great variety of sizes and with unique technical features. In 2018, the company made approximately $4.5 billion in revenue across 5,497 employees worldwide.

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Posted in: Boston, Featured Home, Featured Region, MBA Employers, MBA Jobs, New Balance | 0 comments

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