Ivey EMBA Alum Linda Hasenfratz Named Business Leader of the Year
EMBA alum Linda Hasenfratz from the Ivey Business School at Western University Canada was recently announced as the winner of this year’s Ivey Business Leader of the Year award.
Chicago Booth Alum Pair Give $75 Million to Their Alma Mater
The University of Chicago Booth School of Business’s coffers just grew—and its top scholars will be called by a new name—thanks to a $75 million alumni gift announced today. In recognition of the gift, students who earn highest academic honors while at Booth will be known as the Amy and Richard F. Wallman Scholars, after donors Amy Wallman, MBA’75, and Richard Wallman, MBA’74. The Wallmans’ gift will be used to support several initiatives, including scholarships for students in the full-time, evening, weekend, and executive MBA programs, as well as enhanced co-curricular programming, faculty research, and emerging priorities.
“We have great affection for the University of Chicago—the Booth School of Business is world class, and we hope our gift makes it even better,” Amy Wallman said in a press release. “The Booth School is very special to us not only because we met there,” Richard Wallman added, “but also because we have sponsored 26 scholarship recipients over the years and are delighted to have had a modest impact on these students’ lives.”
Amy Wallman began a 26-year career at EY after completing her Booth MBA, retiring as an audit partner in 2001. She later served as director at pharmaceutical firm Omnicare from 2004 to 2015. Richard Wallman began his post-MBA career with the Ford Motor Company and went on to serve as chief financial officer and senior vice president of Honeywell International Inc., a diversified industrial technology and manufacturing company, and its predecessor AlliedSignal, from 1995 to 2003. He also held senior financial positions with IBM and Chrysler Corporation.
Dean Madhav Rajan, who took the helm at Chicago Booth this past July, welcomed the generous gift, calling it an “endorsement of Chicago Booth’s enduring strengths, in our programs and our extraordinary faculty.” Continued success rests on maintaining and extending the school’s prominence in research and in developing the world’s next leaders, he added.
“The Wallman Scholars will be recognized as preeminent in this cadre of future leaders, modeling the potential and the spirit of their benefactors,” Rajan said. The permanent designation will be bestowed upon graduating MBA students who earn high honors at Booth. It will also be given retroactively to top alumni, according to the school’s press release.
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The Wallmans, for their part, shared that they were impressed with Rajan’s vision for the school and hope their gift will help advance that vision. “This is a unique opportunity to make a difference in the careers of Chicago Booth students for generations to come and express our gratitude to those who have helped us,” Amy Wallman said in the press release. “Our parents were great role models to both of us; they gave us the confidence that we could accomplish anything.”
Richard Wallman also shared appreciation for the impact working for former Honeywell International Chairman and CEO Larry Bossidy had on his career and his life and thanked friends at Centerbridge Partners and Merrill Lynch, whom he called “key enablers of this gift.”
For more about the Wallmans’ $75 million gift to Chicago Booth, click here.
This article has been edited and republished with permissions from Clear Admit.
Getting Paid: Highest MBA Salaries in Los Angeles
The transmissions Los Angeles sends back out into the ether are those culled from the desires of its inhabitants but also from the people who romanticize it from the outside. As Joan Didion once wrote, “The city burning is Los Angeles’s deepest image of itself.”
Los Angeles is, admittedly, polarizing. While some may find the not-so-authentic atmosphere of Hollywood to be a downtrodden, morose landscape, the city’s expansive diversity and subtle natural wonder is enthralling in its own right. In a way, it feels alien and utterly familiar all at once.
It’s this kind of uncertainty that makes Los Angeles an ideal place to pursue a business degree for a prospective MBA open to a bit of ambiguity. While Silicon Valley up north has traditionally been romanticized as a place where we can re-write the rules, LA has been catching up recently—and fast. Los Angeles has embraced the tech boom in a big way, with many Valley bigwigs and new startups alike moving their operations to Silicon Beach on the West Side. With that in mind, the new era of LA innovation is creating some lofty starting salaries, particularly for MBA graduates.
The Highest Los Angeles MBA Salaries
UCLA Anderson School of Management
Recent UCLA Anderson graduates earned an average starting salary of $121,250 with a $25,000 signing bonus, according to statistics released by the school. Over 92 percent of Anderson MBAs received job offers within three months of graduation. The top five industries to employ Anderson MBAs are in tech (30.6 percent); financial services (21.6 percent); consumer products (13.4 percent); and consulting services (13.4 percent). Top employers for Anderson graduates include: Amazon, Deloitte, Bank of America Merrill Lynch, Google, Microsoft, Adobe, Amgen, BCG, EY, Mattel, McKinsey & Company, Nike, PwC, Apple, AT&T, Autodesk, Citigroup, Credit Suisse, Epson, Goldman Sachs, Intel, Sony Pictures Entertainment, and Disney, among others
UC Irvine Merage School of Business
MBA graduates from the UC Irivine Paul Merage School of Business posted record employment numbers for the school. Over 90 percent of recent MBAs received job offers within three months of graduation. The most popular industries to attract Merage graduates were in technology (33 percent), finance (31 percent), consulting (24 percent), and marketing/sales (27 percent). Merage graduates with tech industry positions earned starting salaries of $105,000; consulting, $100,000; consumer products, $85,000; and financial services, $100,000. Top employers included: Amazon, AT&T, Bank of America, Cisco, Dell, Deloitte, Gap, Hulu, Hyundai, IBM, Mattel, NBC Universal, Taco Bell, Twitter, and Volcom.
USC Marshall School of Business
According to employment statistics surveying the most recent USC Marshall School of Business MBA class, the average starting salary for Marshall graduates is $115,309 with a $23,431 signing bonus. The top three industries that employ Marshall graduates are within consulting (34 percent), where MBAs start at $132,000; marketing/sales (27 percent), where MBAs start at $99,497; and financial services (18 percent), where MBAs start at $112,087. Top employers of Marshall’s 2016 class include: Adobe, AT&T, Apple, Citigroup, Deloitte, Disney, Facebook, Film Roman, Google, Hewlett-Packard, Intel, Morgan Stanley, Johnson & Johnson, Samsung, Taco Bell, Warner Bros, Starbucks, PwC, Sony Pictures, Nestle, and PepsiCo, among others.
USC Marshall grad salaries, broken down by industry.
Pepperdine Graziadio School of Business and Management
Pepperdine Graziadio School of Business and Management graduates earned an average starting salary of $120,000, according to school statistics. Around 82 percent of Graziadio MBAs accepted job offers within three months of graduation.
Financial services, entertainment, technology, and consulting were the top industries to employ Graziadio MBAs.
For more information on the best Los Angeles MBA programs, check out our guide to the city. As well, learn more about which LA schools do not require GMAT or GRE scores here.
Which Cambridge Judge Scholarships Are Right For You?
Money can be a compounding stressor when it comes to earning an MBA. Sure, the degree is worth it, but achieving it requires serious planning. With books, housing, and a social life, the bills add up. Luckily, most universities and business schools offer scholarships to make it easier for students to attend.
Take London’s Cambridge Judge Business School, for example. The Financial Times ranked the business school’s MBA program as the fifth best in the world in 2017, and the best overall in the UK. To help join one of the world’s preeminent business institutions, a number of scholarships are available. Some focus on academic achievement, but others are about equity and go toward students of a specific nationality or gender. The institution recognizes that this type of financial assistance is necessary—after all, one year of tuition costs £49,000 (nearly $64,000 USD). That, of course, doesn’t include books or meals.
Those interested in applying for these Cambridge Judge scholarships must do so before the school year officially begins.
The Boustany Foundation Scholarship: The Boustany Foundation Scholarship offers £23,000 in financial assistance, as well as any travel costs. The scholarship is granted once every two years with priority given to Lebanese nationals. However, an applicant must be “outstanding and highly meriting.”
The Culture, Arts and Media Bursary: This scholarship looks at candidates interested in working in media, which can include fields such as journalism, creative writing, or production. The offer caps at £10,000. Once the scholarship is offered, applicants are expected to compete through an essay and give a talk on the media to the class.
The Ruth Whaley Bursary for Women in Science: This is a scholarship specifically for women working in finance. The Ruth Whaley Bursary gives a candidate £10,000—as well as the opportunity to mentor with Ruth Whaley, the founder of New York-based risk management consulting firm Barset Consulting LLC. The goal? That more women take up senior finance positions.
The EY Scholarship for Angolan Residents: This is the only scholarship that covers the business school’s full-tuition. That includes college fees, living expenses, and a flight back home to Angola. Applicants for the EY Scholarship are required to write an essay on how they’d use their time at Cambridge to further sustainable development to Angola.
The Sainsbury Bursary Scheme: Despite what the name suggests, this scholarship is no scheme. It recognizes applicants who have worked in the charity and volunteer sectors, offering them £14,000-28,000. They must show how they’d use their skills to continue this work. UK citizens working in the UK are given priority.
The Maissa Karim Scholarship: This £2,500 award is in honor of the lake Maissa Karim, a member of the school’s 2005 program. Now, that might not sound like much, but the money goes to a candidate who wouldn’t be able to do the MBA program without financial assistance. Every dollar counts.
The St. Catherine’s Benavitch Scholarship: This generous gift offers five candidates £10,000 each. Named after the late Maurice and Natalie Benavitch, the scholarship is supposed to develop tomorrow’s business leaders. Those who receive the award will join St Catherine’s College, a five-minute walk from Cambridge Judge. That means that five lucky candidates will have access to not one, but two university campuses.
UMD Smith Board of Advisors Announces Newest Members
The University of Maryland Robert H. Smith School of Business has officially named nine new appointees to its Board of Advisors. Each new advisor began their three-year term on July 1, 2017, according to a recent press release from the school. Continue reading…
McCombs Donations Create New Opportunities
Two recent donations to UT Austin’s McCombs School of Business totaling $7 million promise to open up new opportunities for students and professors in marketing and real estate. In both cases, the gifts will be used to improve the school and advance its programming. Continue reading…
