Post tagged "nyu-stern-school-of-business"

Apr 4, 2018

Why McKinsey & Company Loves Hiring MBAs

Why McKinsey & Company Loves Hiring MBAs

McKinsey & Company is considered one of the most prestigious management consultancy firms in the world, with a clientele that includes 80 percent of the world’s largest corporations, along with an extensive list of governments and non-profit organisations. The firm is also a prestigious landing spot for MBAs following graduation. Continue reading…

Feb 28, 2018

Get Ready for These March MBA Deadlines

Get Ready for These March MBA Deadlines

Be on top of the MBA application process and submit your graduate school applications in a timely fashion. Getting applications in early can increase your chances of scholarships and other not-to-miss opportunities when applying for your MBA. Here’s your guide to the March MBA deadlines in some of the biggest metros. Continue reading…

Feb 14, 2018

Networking Strategies for MBAs Before and After Graduation, Pt. II

Networking Strategies for MBAs Before and After Graduation, Pt. II

The first installment of this series highlighted the fundamental importance that networking plays in a job search and outlined some of its basic strategies. Quick recap: start with friends and acquaintances; present yourself professionally on social media; and remember that the best networks are built from mutually beneficial relationships. This second article offers more nuanced networking tips tailored specifically to MBAs.

One of the best ways for an MBA student to grow their network is simply to volunteer their time. By seeking ways to volunteer in their desired field, one can expand a network by demonstrating their knowledge and experience to others.

Dr. Janis Moore Campbell, Ph.D., the Director of Graduate Professional Development at Temple University’s Fox School of Business, explains that volunteering is a great way to build relationships. “Without fail, others will gravitate to you if you are willing to share your knowledge and expertise. Before, during and after your MBA, strategic volunteering is an outstanding way to showcase one’s knowledge, skills, and generous spirit.”

While it is critical to offer to share your talents, remember that time is a scarce resource. Focus on getting involved in projects that will yield the most benefit. Dr. Campbell notes, “It’s important to think strategically about how best to demonstrate your strengths.”

Current MBA students should take advantage of the resources that their schools provide. Many schools have well established programs that are designed to aid in the process of networking. For example, Beth Briggs, the Assistant Dean in Career Services at the NYU Stern School of Business, points out that in her school’s MBA program, “Students participate in our career education program … which, among other services, helps MBAs become more conversant in their skill sets and personal stories, identify whom it makes sense to network with based on their goals, and then leverage Stern’s relationships and their own contacts to make those connections.” Other MBA schools have similar programs, and they should be thought of as a crucial part of the curriculum.

Another key way to capitalize on your school’s assets is to make use of the alumni network. Schools will often facilitate meet-ups between current and former students, and attending alumni events, for example, is a great way to forge new connections. Linking up with your school’s alumni is a crucial part of networking for any MBA student. Stephanie Johnson, Director of MBA/MS Career Services at Drexel University’s LeBow College of Business in Philadelphia recommends, for example, that MBA students should “set weekly goals to attend at least one event and reach out to one to two alumni for informational conversations.” Contacting and talking to past graduates is not just about meeting new people and building your network. Alumni have been in your shoes, and will have essential advice to help you move forward.

Finally, remember that networking does not stop after you have found a job. As Mark Brostoff, Assistant Dean and Director of Graduate Career Services at the USC Marshall School of Business reminds us, “Having a vibrant network of professional contacts is a valuable resource to cultivate and maintain, even after landing the job.” Perhaps the best lesson is that networking is mostly about creating healthy and fruitful partnerships. A strong network is a web made of vibrant relationships, and it is a serious mistake to neglect those bonds. It is also necessary to remember not to spread yourself too thin or to focus solely on networking when finding employment.

“You need not name-drop or be a social butterfly to build a strong network of friends and colleagues” adds Dr. Campbell. “Networking is much more than “Hello, my name is …” nametags or the exchange of business cards.”

Jan 29, 2018

2018 Trends: New York City’s MBA Future

2018 Trends: New York City’s MBA Future

It doesn’t take a stable genius™ to figure out that New York City is the world’s most highly sought-after 22.82 mi² strip of land to pursue an MBA.

As is the case with most prime real estate, the stakes are high and the competition fierce. For many prospective business schoolers, the decision to step into the gauntlet is one made with a healthy sort of trepidation.

Hefty price tags and cutthroat admissions present real barriers for prospective students and deter more than a few. Still, many equate the New York MBA experience to a dream scenario—or a Gordon Gecko-style fantasy, replete with the promise of a staggering salary, an attractive range of employment opportunities, and prime placement in a city of constant progress.

How does the dream stack up to reality? Schools weigh in on 2017 trends for graduates, many of whom report satisfaction with employment offers. Let’s take a look at how MBA graduates are getting the most of their newly minted degrees!

2018 New York City MBA Trends

Columbia Business School

According to the school’s most recent MBA employment report, less than 2 percent of Columbia Business School graduates reported salary as the primary reason for accepting an offer. While the honestly of that polling answer pool is debatable, Columbia School of Business is the king when it comes to starting salaries on our list, with median salary of $125,000. Of the graduating class, 93.2 percent of students accepted employment offers within three months. Approximately 28 of 1,019 total students stepped aside to create their own companies. Per the standard with many of the NY-area schools, the largest portion of graduates selected financial services (34.4 percent) as their field of choice, followed closely by consulting (33.1 percent) and media and technology (15.6 percent). Companies such as McKinsey & Company, Amazon, Goldman, Sachs & Co., and Morgan Stanley welcomed a majority of Columbia’s finest.

The boastful salary expectations, unsurprisingly, are tempered a bit by the costs of the CBS MBA program. The current estimated budget for Columbia MBAs comes in at $107,749 in the first year, of which includes over $21,000 for room and board. Tuition in isolation, however, costs $71,544 for the first year. Looking at a degree at any New York City school, never mind an Ivy League institution, means cost of living has to be taken in heavy consideration, which can vary greatly from borough to borough.

Fordham University’s Gabelli School of Business

About 88 percent of students in the Fordham Gabelli School of Business graduating class accepted employment offers within six months after graduation. Starting salary rates were below Columbia’s, at an average of $84,593, with an average signing bonus of $15,536 and additional compensation of $14,510. That average salary figure is an approximate 13 percent drop from the previous year’s reported averages.

Out of the many fields MBA students typically chose this year, Fordham students favored less predictable fields: just under 50 percent went into financial services, while 11 percent earning employment in consumer products, technology, and media, respectively. Unlike MBA graduates from many other NYC schools, however, only 5 percent of Gabelli students went into consulting, signifying a deeper trend of tech continuing its encroachment on MBA talent.

Compared to many other schools on this list, Gabelli’s distinct advantage is cost. The first year of the MBA program currently costs $49,645: more than 30 percent less than the cost of the Columbia full-time MBA tuition.

NYU Stern School of Business

This may shock you, but, NYU Stern MBA students are doing pretty well, with an average starting salary of $121,146 in placement of some of the most prestigious institutions in finance (32.4 percent), consulting (26 percent), technology (16.8 percent), real estate (3.5 percent), and retail (3.2 percent). Around 83 percent of those students landed jobs in the Northeast U.S., while nearly 10 percent of graduates found positions in Asia, Europe, and South America. Nearly half of all job offers were the result of an internship facilitated by NYU.

Like the trend at Gabelli, NYU grads jumping into tech has been steadily climbing over the past few years, rising from just 6 percent of employed grads from the Class of 2014, to 17 percent for the most recent class. The incremental increase coincides with the school’s recently added Tech MBA.

Stevens Institute of Technology School of Business

In a metro brimming with very successful business schools, the Stevens Institute of Technology School of Business separates itself with an incredible employment placement rate of 94.9 percent; the best placement among all business schools in the country, according to U.S. News & World Report.

The Stevens MBA faculty claim to provide “exceptional career services much earlier than other universities.” 90 percent were employed in the industry of their choice. Starting salaries fell between $88,805—$125,000. Companies such as Goldman Sachs, Protiviti, PwC ,and Prudential offered employment opportunities for these students.

Cornell University’s SC Johnson Graduate School of Management

About 93 percent of students from Cornell‘s Ithaca and NYC campuses received employment offers within six months of graduation. The average base salary was $125,578, which was an increase from previous years “driven by salary growth in consulting and finance.” Chosen fields for students were finance (38 percent), consulting (26 percent), and general management (21 percent). Out of the 122 companies that sought 2017 graduate students, the top recruiters were Citi Group, Amazon, Deloitte Consulting LLP, Ernst & Young, and McKinsey & Company.

Even Cornell MBA students in an internship were earning some of the best salaries in the country, pulling in a reported $8,764 per month. Those figures out over a 12-month rate are more than triple the average intern salary, according to Glassdoor data.

Aug 18, 2017

NYU Stern Publishes Revealing Dating Research Data

NYU Stern Publishes Revealing Dating Research Data

For any of our brave readers currently swimming with sharks in the dating pool, you might want to take a gander at new research that might help you avoid getting eaten alive—or pulled into some rip tides, figuratively speaking.

Continue reading…

Jul 14, 2017

New NYU Stern Memory Study Says Put Away the Camera

New NYU Stern Memory Study Says Put Away the Camera

The Stern School of Business at New York University recently explored the new research that explores how photographs might reinforce visual memory at the expense of non-visual memory.

Continue reading…

Jun 27, 2017

Where To Find New York City Nonprofit MBAs

Where To Find New York City Nonprofit MBAs

Seemingly overnight, terms like “social entrepreneurship” and “ethical responsibility” have become buzzwords within corporate America. It’s hard to say if the suits have suddenly sprouted hearts or if they’re just convenient terms to push product. Green or Pinkwashing aside, the fact that social action has become a topic of conversation is proof that consumption has become a more informed pastime in America.

Continue reading…

Jan 25, 2017

The Best International Business MBA Programs in New York City

The Best International Business MBA Programs in New York City

Linguists and frequent flyers need not be the only types who heed the call to jet set around the world. In today’s increasingly decentralized global economy, more and more business is being conducted between borders, which means its better know than ever to earn one of the world’s best international business MBA degrees.

Continue reading…

Jan 10, 2017

A Closer Look: Marketing MBAs in New York City

A Closer Look: Marketing MBAs in New York City

MBAs who decide to specialize in marketing have a wealth of options in a data-driven world. Analytics, social media and the ever evolving power of branding have permeated our daily experience, opening doors for graduates that didn’t exist even a decade ago.

For prospective Marketing MBAs, the New York metro area is clearly a top destination. The city holds endless possibilities as one of the world’s epicenters of commerce and culture, and an education there will yield a network that is beyond comparison.  Following is a look at some of the options if a marketing MBA in the New York region is on your radar.

Continue reading…

Dec 7, 2016

Forté Foundation Launches New Men as Allies Initiative

Forté Foundation Launches New Men as Allies Initiative

Reaching gender equity on business school campuses is far from just a women’s issue, which is precisely why the Forté Foundation is calling on men to get involved. Drawing on successful programs already underway on campuses spanning from Harvard Business School (HBS) to Stanford Graduate School of Business, Forté today announced its new Men as Allies Initiative. It is designed to invite and encourage male students to get involved in a growing movement toward gender equity in business school classrooms and the broader business world.

The idea for the new initiative grew out of a session with sponsors at Forté’s annual conference focused on HBS’s Manbassadors ally group, according to Forté Executive Director Elissa Sangster. Forté is a non-profit consortium of leading corporations and top business schools committed to helping women lead fulfilling careers in business. “We started talking with our sponsors about how Forté could support similar initiatives at our member schools’ campuses,” she says. “We began to brainstorm about what we could provide so it didn’t end up that every time someone wanted to do this they had to call the Manbassadors and ask them the same questions over again.”
Forté recognized at least ten top business school campuses that already have male ally programs in place. HBS, Kellogg’s Northwestern School of Management and Duke’s Fuqua School of Business led the charge, forming their groups in 2013. The following year, UCLA Anderson, Michigan’s Ross School of Business, the University of Pennsylvania’s Wharton School and Stanford GSB got with the program. In 2015, Columbia Business School and NYU Stern joined in, and London Business School (LBS) created its own club earlier this year. Calling themselves everything from Manbassadors (Anderson, HBS, LBS, CBS) to WiMEN (Stanford) to the 22’s (Wharton, a reference to the 22 percent gain necessary to close the gender pay gap), the groups work in partnership with women’s business organizations on campus to adopt behaviors that support gender equity in classroom discussion and beyond.

Conducting focus groups with existing groups, Forté began to collect information on what has been successful, what pitfalls and challenges can be avoided and what types of events and activities best serve to open up dialogue. “We also conducted external environmental research, identifying inspirational role models and people leading the charge in the business world,” Sangster says.

The new Forté Men as Allies Initiative is designed to provide potential male allies at schools that don’t already have existing groups with the tools they need to establish their own Manbassador-type groups. As part of the new initiative, Forté has launched a new “Men as Allies” website featuring a toolkit geared toward male students that includes reasons to start a group, steps to follow to do so and information on activities and events that have been successful on other campuses. “Our hope is that as men graduate from MBA programs, they are able to take some of these skills they have been developing and look for ways to engage in the workforce and make that impact even more widespread,” Sangster says.

A Tipping Point

There has been a growing movement in recent years to enhance gender equity in business and society, evidenced by the United Nations’ HeForShe initiative, Catalyst’s Men Advocating Real Change (MARC), and the White House’s Let Girls Learn program. In summer 2015, the 47 business school leaders convened at the White House specifically to address the gender imbalance among MBA classes. In addition to male ally groups, many business schools also feature school-wide initiatives designed to tackle gender equity at the cultural, academic and admissions levels, such as the Gender Equity Initiative (GEI) at UC Berkeley’s Haas School and the HBS Gender Initiative.

“We may have reached a tipping point as more women are pursuing an MBA and more men are interested in supporting gender equity,” Sangster continued. “While we are making great progress, and getting closer to 40 percent women’s enrollment at our member business schools, initiatives like this one that foster inclusiveness, will help us get to gender parity faster.”

Carnegie Mellon University’s Tepper School of Business, Cornell’s Johnson Graduate School of Management and Georgetown’s McDonough School of Business provided generous financial support of Forté’s new initiative, and diversity experts Anne Weisberg and Lisa Levey, among others, contributed to its development.

Sangster points out that there are multiple benefits for men who get involved in gender equity initiatives. “It gives them insight and information and resources to use in developing their own leadership styles and creating their own perspective on what’s important not only to advance women in the workforce but also just to be a well-rounded advocate and manager of talent in their organizations,” she says. “It’s really about fine-tuning their leadership perspective and leadership skills. Business school is a safe place to stretch your muscle in this area and think hard about the kind of leader you want to be and how to become that leader.”

Learn more about Forté’s new Men as Allies Initiative.

Your compare list