Why Business School Grads Should Consider HubSpot
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.
Continue reading…Top 5 Paying MBA Careers: Marketing
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.
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
What Are The Best SMU Cox Dual Degrees For MBAs?
MBA degrees may be the best way for business students to master business, management and leadership skills. However, some prospective MBAs enter the graduate business school setting with a clear idea of which industry they want to enter following graduation. For such graduates, dual degree programs offer the chance to pair a general MBA education with a specialized degree that’s tailored to their a chosen field. For those in the Dallas-Forth Worth metro, there are plenty of viable SMU Cox dual degrees to choose from. Continue reading…
Dual MBA Degrees at NYU Stern
Should you earn your MBA or your JD? Each has its pros and cons and can set you up in different ways, so which is better? Instead of choosing, why not get both? That’s exactly what you can do at the NYU Stern School of Business through the school’s dual-degree programs.
A dual degree means that you’ll graduate with both degrees on your diploma without doubling the cost and time commitment of graduate school. The Stern School offers a variety of degree paths, time periods and reasons to earn a dual degree; all you have to do is decide which option works best for you.
To help you make the best decision for your career and your graduate school experience, we’ve outlined the eight NYU Stern dual MBA degrees.
Continue reading…
Looking For Dual MBA Degrees at Chicago Booth
As a prospective or current MBA student, you probably already know that an MBA education provides a broad overview of the business and leadership skills you will need to excel in your chosen field. And if you haven’t chosen your field yet? Even better. Since an MBA focuses on a more general business education, it’s not required that your future be perfectly planned in advance and provides more opportunities for changing careers if need be.
Yet, many students enter their advanced education with a clear picture of what the future holds. For such graduates, joint degree programs offer the chance to pair a broad MBA education with a specialized degree more tailored to their chosen field.
While many school’s in metros across the country offer dual MBA degrees, not every program may be exactly what you’re looking for. In MetroMBA’s newest series, we will be exploring the joint degree programs available at business schools throughout the country.
If you are interested in pursuing an MBA at the Booth School of Business – The University of Chicago, but are looking for a more specialized business education, below you can explore the school’s joint degree offerings.
Joint Professional Degree
Students who choose to pursue a dual MBA degrees have the opportunity to enroll simultaneously in Chicago Booth and one of several other University of Chicago graduate schools. Within the same period, students could earn both an MBA and a professional degree in law (JD from the University of Chicago Law School), public policy (MPP from the Harris School of Public Policy), medicine (MD from the Pritzker School of Medicine), social services administration (MA from the School of Social Service Administration) or Computer Science (MPCS from the Department of Computer Science).
Students currently enrolled at the University of Chicago, who choose to enroll in a joint degree program, have the opportunity to include up to three among their courses before officially enrolling at the school.
MBA/MA in International Relations
The joint MBA and MA in International Relations allows students to focus their degree within the study of “the role of ideas, interests and power in shaping international relations.”
Students in the program must complete coursework in both business and interdisciplinary courses in international relations, with the requirement of completing an integrated master’s thesis customized to each student’s interests and goals.
Courses required by the business school are: Leadership Effectiveness and Development; Business Foundations; Functions, Management, and Business Environment; Business Electives. Students must also take two international relations courses, each in three of these four subfields: International Relations Theory and International History; International Political Economy and Development; Regional Studies and Nationalism; International Law, Human Rights and Environmental Studies. Students must also choose one additional internal relations course and two electives.
MBA and Master’s Degree in Area Studies
Chicago Booth offers students the chance to earn an international dual MBA degrees in area studies. This will allow students to focus and expand their knowledge of a specific geographic area, including: Latin America and the Caribbean, the Middle East, Eastern Europe/Russia or South Asia.
The joint MBA/AM Program is a perfect choice for students whose future career will require a focused knowledge of international issues coupled with a full set of international business skills. Program requirements include fluency in a regional language along with a master’s thesis, which can typically take two and a half to three years for completion.
Certificate in Health Administration and Policy
Students looking to focus their business education in the healthcare field may opt for Chicago Booth’s joint MBA and Certificate in Health Administration Studies. Students in the program will not only earn the general business and leadership skills that come with an MBA, but will also receive top-notch training in “the vision and judgment needed to face the financial demands, as well as various economic, ethical and social issues of the health care field.”
Students who aim to enter this program must first be accepted to Chicago Booth and then apply to the Graduate Program in Health Administration and Policy.
