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Jul 25, 2019

Top 5 Paying MBA Careers: Marketing

Highest Paying Marketing Jobs

MBA graduates in marketing can experience exponential career growth. According to Payscale, graduates in marketing often earn a starting salary of $55,700, which may double to $116,000 by mid-career. As the job is links to sales success, bonuses can also be lucrative.

Those who relish the thrill to sell might be curious about what positions can maximize their salaries. The benefits of these positions can vary by location, experience, and company.

Continue reading…

Posted in: Boston, Career, Featured Home, Featured Region, Los Angeles, MBA Jobs, New York City, News, San Francisco, Seattle | 0 comments

Jul 22, 2019

MBA Tour U.S. – Boston

Image result for boston city skyline

Boston MBA & Business Master’s Conference

Monday, July 22, 2019
Hynes Convention Center
900 Boylston Street
Boston, MA 02115
5 p.m.-9:30 p.m.


Follow The MBA Tour on Twitter: @TheMBATour

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Jun 19, 2019

Top 5 Paying MBA Careers: Finance

Top Paying Finance Careers

Finance, no surprise, is an extremely popular field among MBA graduates. According to Payscale, finance is 4.7 times more popular among MBA graduates than other fields. The reasons for this are rather uncomplicated: its pretty lucrative.

The starting median salary for those with up to five years of experience is $62,100. After ten years, the reported median salary jumps to $120,000; a 93 percent increase. Given that it is finance, the bonuses that employees can earn are massive, making the field even more lucrative.

With such high salaries and the prospect of massive bonuses, those interested in finance might be curious about what the best positions are for them. These can vary by company, experience, and location.

Companies Recruiting Finance MBA Graduates

The firm you work for can affect how much you make. Larger firms tend to offer more than smaller houses. The following are the top five employers in terms of average salary for those with an MBA in finance.

Morgan Stanley: $136,500

Deloitte: $132,656

Microsoft: $123,684

Amazon: $123,678

Citigroup: $121,346

Finance MBA Experience

As one might expect, the more experience one has in a field, the higher their salary will be. According to Payscale, this is a breakdown of average salary based on years of experience.

  • Up to 11 Months: $58,517
  • 1–4 Years: $65,589
  • 5–9 Years: $86,086
  • 10–19 Years: $113,775
  • 20+ Years: $135,016

Finance MBA Location

Along with company size and experience, location is the other major determinant of salary for finance MBA graduates. Given the fact that finance tends to be centralized in major cities, it is reasonable to assume that the largest salaries are to be found in cities with large, well-populated metropolitan areas. The following are the five cities where MBA graduates can earn the most.

  • New York, NY: $120,962
  • Los Angeles, CA: $111,727
  • Boston, MA: $109,490
  • Chicago, IL: $108,421
  • Houston, TX: $101,643
Image result for nyc skyline

For finance savvy MBA graduates, New York City offers the best average salary opportunities in the United States.

Top Paying Finance Careers

While there are many careers from which a finance MBA can choose, the following offer the highest salaries. To maximize a potential salary, one should consider the variables mentioned above when searching for a position.

#1: Vice President, Finance ($135,000–$195,000)

As a vice president of finance, your primary responsibility will be to direct finances and coordinate the budget. The VP of finance also sets goals and oversees lower-level employees in the financial department. Other responsibilities include engaging in accounting, operations, and finance management.

Common tasks include the following:

  • Ensuring company financial plans are carried out
  • Coordinating, preparing, and reviewing annual reports
  • Directing accounting operations

The average salary of a VP of finance is $134,919. In addition, MBA graduates can earn an average of $24,430 in bonuses, $24,566 in commission, and $8,757 in profit sharing. The salary on this job can raise these numbers higher depending on where one works. Look for these positions in the following cities, where you can earn more than the average:

  • San Francisco, CA: 28 percent more
  • Los Angeles, CA: 16 percent more
  • Boston, MA: 15 percent more

#2: Finance Director ($110,000–$160,000)

Finance directors are responsible for managing the goings on in the finance department of the company. In addition, effective finance directors can see problems and risks and design necessary solutions as needed.

Common tasks include the following:

  • Overseeing the preparation of regulatory and financial reporting as required
  • Developing policies and procedures to control and report financials
  • Managing budget, forecast, and accounting preparations

The average salary of a finance director is $111,384. MBA graduates can expect to earn an average bonus of $18,556, $33,000 in commission, and $5,113 in profit sharing. According to Payscale, the following are three highest paying companies for this position:

  • Nike: $150,000
  • Lilly: $130,000
  • CBRE Group: $128,000

#3: Investment Banker ($99,000–$207,000)

As an investment banker, your primary responsibility is to grow wealth for your clients. This can be through either strategic investing or raising capital. Investment bankers look through all of the financial information of a company to develop the best strategy for addressing its concerns and reaching its goals.

Common tasks include the following:

  • Constructing financial models to aid in transactions and communications
  • Performing valuation analyses
  • Conducting industry and company research

On average, you can expect to earn an average of $98,831 in salary. Investment banking is rather lucrative, so it is not impossible to double your salary in commission alone. However, because if this, the salary scale can widely vary. The average commission for this position on Payscale is $90,000. To make that possible, you’ll need to go to a city where capital generation is needed. These three places pay more than the average, according to Payscale:

  • San Francisco, CA: 52 percent higher
  • New York, NY: 12 percent higher
  • Dallas, TX: 5 percent higher
Image result for san francisco skyline

Investment bankers would do well to look into a career in the Bay Area. San Francisco-metro investment bankers make nearly 50 percent more than the national average, according to Payscale data.

#4: Finance Manager ($90,000–$124,000)

Finance managers are expected to watch departmental budgets. Their primary responsibilities include making financial forecasts for their company, working with other departments to establish future budgets, and keeping excellent track of the money going in and out of the company.

Common tasks for people in this position include the following:

  • Identifying areas for cost reduction
  • Providing analyses to the operations team
  • Preparing informational analyses

Given the importance of this position, MBA graduates who pursue it will be compensated well. The average salary for a finance manager is $89,636. In addition to the base salary, an MBA graduate can expect an average of $9,959 in bonuses, $25,006 in commission, and $3,982 in profit sharing.

Because this position is so important, companies are willing to pay excellent candidates well. The following offer the three highest average salaries according to Payscale:

  • Boeing: $119,000
  • Amazon: $112,000
  • Johnson & Johnson: $111,000

#5: Portfolio Manager ($84,000–$140,000)

Portfolio managers are responsible for investing their clients’ money, whether those clients are businesses or individuals. They work to get the highest return possible for their clients’ money.

Common tasks for this position include the following:

  • Consulting with clients to develop investment goals
  • Reporting on investment performance
  • Managing portfolios to maximize returns

Portfolio managers earn an average of $84,443, with $10,274 in bonuses, $10,113 in commission, and $4,000 in profit sharing. According to Payscale, these positions tend to be centered in financial institutions and investment firms.

The following three banks offer the highest average salaries to their portfolio managers.

  • Blackrock: $115,000
  • S. Bank: $99,000
  • Citizens Financial Group: $97,000

Posted in: Amazon, Career, Citigroup, Deloitte, Featured Home, MBA Jobs, Microsoft, Morgan Stanley, News | 0 comments

May 17, 2019

New Harvard MBA Deadlines Revealed

Harvard 2019-20 MBA

Hopeful applicants to the next MBA class at Harvard Business School have a new batch of deadlines to keep tabs on.

New Harvard 2019-20 MBA Deadlines

Round One

Application deadline: Sep. 4, 2019
Decision released: Dec. 10, 2019

Round Two

Application deadline: Jan 6, 2020
Decision released: March 31, 2020


Learn more about the Harvard Business School full-time MBA program here.

Posted in: Advice, Boston, Deadlines, Featured Region, News | 0 comments

Apr 29, 2019

New Harvard Social Entrepreneurship Track Competition Finalists Announced

Harvard Social Entrepreneurship

Each year, the Harvard Business School New Venture Competition brings together the best and the brightest to compete for $300,000 in cash prizes. Designed for both HBS students and alumni, the competition offers two tracks: the Business Track and the Social Enterprise Track. Both tracks require teams to present a new venture idea that will have a substantial impact on their respective market. Winners have the opportunity to go ahead and implement their proposal using the provided seed money.

For 2019, 48 teams from across Harvard University applied for the Social Enterprise Track. Then, sixteen semifinalists were chosen to present their ideas to a panel of expert judges in their fields. Finally, four finalists were selected. Here’s who they are.

Gramhal

Presented by Vikas Birhma (HKS 2019) and Pankaj Mahalle, Gramhal offers post-harvest services of storage, credit, and market linkage for smallholder farmers. Having witnessed the problems that smallholder agricultural households in India face first hand, the team came up with an idea to help farmers keep more money by giving them the chance to save their harvest until they can sell it when prices are more favorable.

Hikma Health

Developed by Jordan Lebovic (HBS/HMS 2020), Senan Ebrahim (HMS 2021), Erik Grueter, and Zahra Allkhateeb, Hikma Health creates customized data management systems for healthcare providers caring for refugee patients. The idea initially started with a health education app for NGOs in Jordan. However, after talking to more health workers, the team realized that a free health data platform, tailored to refugees, would be far more valuable.

New Teachers Thriving

Created by Tyler Hester (HGSE 2020), Crystel Harris (HGSE 2021), and Akash Wasil, New Teachers Thriving offers training for early-career teachers. Many new teachers become burned out in their first years because they don’t have the training, support, and help they need to succeed. New Teachers Thriving is a year-long training sequence that will support new teachers as they navigate their first year in the classroom.

Vincere Health

Put together by Jacob Keteyian (HSPH 2019), Shalen De Silva (HSPH 2019), Ollie Osunkunle (HBS 2020), and Han Jin (HGSD 2019), Vincere Health helped people get paid for digitally proving health compliance while offering data control. The idea behind the product is to motivate health behaviors by offering daily rewards. In particular, they are attacking the smoking cessation market.

Read more from each of the finalist about entrepreneurship, concept creation and more on the HBS website.


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

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

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