New Transportation Industry Jobs Emerge for B-School Grads
There’s no getting around the fact that car culture is the primary means by which Americans get around. While it is highly unlikely that this culture will disappear altogether, many factors including electric and hybrid vehicles, rideshare programs like Uber and Lyft, improved mass transit, and far-flung projects like Elon Musk’s Hyperloop, suggest transportation will change dramatically in the not-too-distant future.
MBAs would do well to take note of the many opportunities embedded in the transportation industry.
Corporate Development and Global M&A – Analyst — General Motors
General Motors is the largest automotive manufacturer in the United States. Traditionally known as one of the Big Three car companies—the other two are Ford and Fiat Chrysler—General Motors’ best-known brands in the United States are Chevrolet, Buick, GMC, and Cadillac.
General Motors is hiring a Corporate Development and Global M&A – Analyst to work at either its headquarters in Detroit, Michigan, or its offices in Bupyeong, Korea. The person hired for this position will join the company’s Corporate Development and Global M&A team, which is tasked with developing methods to deliver on corporate strategy. Some of the team’s areas of focus are alliance management, new business development, and corporate and regional strategic initiatives. This job requires at least three years of prior relevant experience, and an MBA is preferred.
Key responsibilities include:
- Leading business case development for deals
- Supporting transaction execution
- Managing post-transaction partner relationships
To learn more about this and other jobs, please visit the General Motors career page.
Associate Director — BP
BP is a global energy firm that employs 75,000 people across 80 countries. The company covers all aspects of the energy market, from drilling and refining to trading and renewable energy.
BP is looking for more MBA talent to join its Houston team.
BP is hiring an Associate Director who will work from its office in Houston, Texas. The person hired in this position will be working as part of a team that provides bespoke energy risk management services and solutions to clients. The hiree will serve oil and gas producers, refiners, and airlines, among other corporate and financial parties. This job requires at least five years of relevant prior experience, and an MBA is preferred.
Key responsibilities include:
- Identifying possible transactions
- Delivering gross margin targets and business returns
- Managing various financial relationships
Visit the BP website to learn more about this positions and other employment opportunities.
Sr. Inventory Control Analyst — Tesla
Based in Fremont, California, Tesla is a major leader in the transition to sustainable energy. Although it is best known for its cars, the company also produces a variety of energy storage and generation units, including the Powerwall, Powerpack, and Solar Roof.
Tesla is hiring for a Sr. Inventory Control Analyst who will be based in its Fremont headquarters. The person hired to this position will be responsible for keeping an eye on the company’s inventory, ensuring its accuracy and maintaining an appropriate balance. The best candidates for this position will have at least five years of previous relevant experience. The company prefers candidates who possess an MBA.
Key responsibilities include:
- Monitoring inventory accuracy to enable reviews by senior management
- Reviewing inventory reconciliations
- Supporting the implementation of policies that ensure accurate inventory tracking
Visit the Tesla website to learn about this position and others.
Global Revenue Management Center of Excellence Advisor — ExxonMobil
ExxonMobil is a major player in the global petrochemical industry. The company plays a role in all aspects of the energy chain, from mining and refining to marketing and retail through its brands (Exxon, Mobil, Esso).
ExxonMobil is hiring a Global Revenue Management Center of Excellent Advisor who will work out of the company’s office in the Houston suburb of Spring, Texas. The person hired to this position will be responsible for many things, including ensuring the delivery of effective revenue management processes and frameworks for the lubricants value chain. This job requires prior relevant experience, and an MBA is preferred.
Key responsibilities include:
- Contributing to revenue management objectives and strategies
- Analyzing market influences to develop optimal decision-making and business improvement recommendations
- Establishing an analytics work plan
More information about this job and others can be found at the ExxonMobil website.
MBA Job Openings: International MBA Jobs at UBS, Credit Suisse, and More
In our rapidly changing world, more and more financial centers have sprung up throughout the Middle East, Asia, and Africa, joining the ranks—and one might argue decentralizing the stranglehold—of established Western hubs. This week, we took it upon ourselves to investigate a few enticing job international MBA jobs.
Top 5 Paying MBA Careers: Finance
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
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
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
PwC, Credit Suisse Highlight Newest MBA Finance Jobs
While an MBA can be applied to any field, most graduates leverage their advance business degree to a new MBA job in the financial services field. Are you on the lookout for a hot new MBA job in the financial services sector? You’re in luck — here’s a selection of exciting new job opportunities at offices across the country. Continue reading…
Forté Foundation Now Accepting Applications for MBALaunch
Calling all women considering an MBA but unsure about how to navigate the competitive admissions process: The Forté Foundation’s 2019 MBALaunch program was made for you. This 10-month program offers female MBA candidates a powerful support network and road map for applying to top-tier business schools for the MBA Class of 2022.
Applications for the next season of Forté MBALaunch, slated to begin in January 2019, are open now.
What Is MBALaunch?
MBALaunch is a unique program designed to help exceptional female candidates excel in the high-stakes MBA application process. Beginning each year in January, the program includes a range of in-person and virtual events geared toward helping participants assemble their strongest possible applications. These include networking events, monthly webinars, and in-person peer group sessions offered in 11 host cities. In addition, the program is accessible via video chat.
Candidates accepted into the MBALaunch program can expect to:
- Cultivate a strong network filled with hundreds of women with similar goals;
- Gain intensive GMAT test prep that, on average, helps improve scores by 100 points;
- Receive help building a winning application;
- Hone interviewing skills with guidance from admissions consultants and business school representatives, and
- Get immediate feedback on their resumes, admissions essays, and more.
Who Can Take Part in MBALaunch?
The MBALaunch program is open to women looking to apply to any of the more than four dozen Forté member business schools in fall 2019 (for enrollment in fall 2020). Forté seeks candidates with a strong academic record and two to seven years of post-undergraduate work experience.
To take part, candidates must be able to travel to a host city (Atlanta, Boston, Chicago, Houston, Los Angeles, London, New York, San Francisco, Seattle, Toronto, or Washington DC) for a one-day kick-off event. Then, candidates dedicate 10 months to the online and in-person program. After the kick-off event, candidates unable to participate in person can take part via Skype or Google Hangouts.
There is a $25 non-refundable application fee. Admitted applicants then pay a $550 program fee to take part.
Additional application eligibility information is available here.
Application Deadlines
The first MBALaunch applications deadline is October 8, 2018, with subsequent deadlines on October 15 and 22.
This article has been edited and republished with permissions from our sister site, Clear Admit.
New MBA Jobs: Goldman Sachs, Walmart, Coca Cola, and More
A new week means a new rundown of the best new MBA jobs out there! This list features entry level positions and roles for seasoned vets, so there’s something for everyone here. Apply today and get your post-MBA career started right away!
