Posts Tagged ‘MBA’

Where do MBA’s want to work?

October 1, 2012

Punch line: Google, KPMG, P&G, Microsoft and Deloitte top the list of MBA’s most sought after jobs.

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Excerpted from businessweek.com’s “Hot Jobs, Google, KPMG, P&G, Top 2012 Rankings”

The world’s college business students have spoken: The single, most coveted job in the world isn’t with some big-name consulting firm or high-flying investment bank.

For the fourth consecutive year, it’s with Google, whose incomparable perks and startup-like culture have catapulted the search giant to a seemingly permanent place atop Universum‘s annual list of the most highly desired employers.

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Top 10 Desired Employers for MBA Students:

  1. Google
  2. KPMG
  3. Procter & Gamble
  4. Microsoft
  5. Deloitte
  6. Ernst & Young
  7. Pricewaterhouse Cooper
  8. JPMorgan Chase
  9. Coca-Cola
  10. Goldman Sachs

What separates the winners from the losers is innovative products and services, a relaxed and creative work environment, global opportunities, benefits and perks, and the ability to advance one’s career and personal brand by working for a company.

Millennials are interested in the ‘me brand,’ and they are more concerned about their employ-ability.  They want a company with a good reputation. They want to say they work for a ‘cool’ company.  Each of the companies at the top of the list has different characteristics that make it cool.

Whole industries can benefit from the perception that that they can serve to advance careers, which is what seems to have happened with management consulting.  Consulting as a career is really interesting for people leaving college to develop a set of skills that are transferable to different industries. 

Nowadays, the hunt for talent revolves around understanding the unique needs of millennials.  At P&G, the company tries to give new college graduates a chance to try on different hats.  To increase brand awareness among young people, P&G has undertaken targeted marketing efforts such as the “Thanks, Mom” ad campaign, which aired during the 2012 Summer Olympics.  Microsoft, the other company on the rise with job hunters, hires several thousand undergraduates from around the world each year. Mostly discovered through the internship pipeline and on-campus recruiting, these young people are drawn to the company’s willingness to give them real responsibility from the start.

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Rent an unemployed MBA …

June 21, 2012

Punch line: A UK online service matches budget conscience companies with eager-to-work MBA’s, creating an innovative solution to the economic challenges that companies and MBA’s are facing.

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Excerpted from WSJ, “Short on Staff? Rent and MBA”

For just a few hundred dollars a day, you can rent an M.B.A.

Appealing to companies keeping a close eye on staff costs, online service MBAandCo.com allows firms to retain business-school graduates … to work on consulting gigs with minimal outlay and no long-term commitment.

Given the tight job market in Europe (and much of the rest of the world), the three-year-old website now boasts more than 10,000 members, all of whom have at least five years of professional experience and an advanced degree. The freelancers themselves must have graduated from a top-100 business school, as ranked by the Financial Times. Past clients have included Virgin Media, Stolichnaya Vodka and Ogilvy & Mather, as well as small venture capital-backed firms, the company says.

Workers are attracted by the promise of a flexible schedule and the opportunity to trade in days filled with meetings in favor of hands-on work. When the alternative may be no employment at all, it looks like a particularly good deal.

The company uses preferences and an algorithm to determine who might be most compatible, offering clients a shortlist of potential freelancers. Costs vary by experience and academic pedigree.

Would you consider “renting” an M.B.A. to work on projects? If you are an M.B.A. is this something you’d consider?

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Innovation is hot … especially in b-school mission statements.

May 31, 2012

The WSJ reports that:

An analysis by the Association to Advance Collegiate Schools of Business, an accrediting body, involving 733 member schools, found that 28% include the words “innovate,” “innovation” or “innovative” in their school mission statements.

Most use the terms to describe their own curricula.

Business schools have added research centers, classes and even full-fledged majors in innovation.

But some think the schools may be missing the mark, focusing too heavily on ideation and brainstorming while skimping on the practical aspects of turning ideas into concrete strategy and action.

“Innovation requires taking the great idea and doing something with it.”

So where does it all lead?

As schools race to add innovation to their offerings, they’re also trying to differentiate themselves from one another.

The goal at the Haas School of Business at Berkeley,  is to create managers who can foster innovation or oversee innovative organizations, not just come up with innovative ideas.

“It’s not about producing home-run hitters.”

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The business of business cases …

March 20, 2012

Punch line: Publishing business case studies is big business, and more schools are looking to cash in.

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Excerpted from WSJ: “The Business of Case Studies”

The three largest case-study publishers and distributors jointly sell more than 10 million cases and see tens of millions of dollars in revenue each year.

Harvard Business School Publishing Corp. dominates the market, recording sales of 8.5 million case studies in fiscal 2011 and estimating that 80% of the cases used world-wide come from there.

To maintain its edge, about five years ago Harvard started offering “simulations,” or online role-playing exercises.

Though simulations still represent a minor share of sales, they are growing fast. Sales in 2011 rose 37% from the prior year, which was double the 2009 figure.

There also has been growing interest in short cases as publishers market to part-time M.B.A. programs for time-crunched working adults, which have seen a surge in enrollment in recent years.

Harvard’s “Brief Cases” and concise offerings from other publishers can run just three or four pages, about one-quarter the length of a traditional case.

Case publishers and distributors are pushing hard into emerging markets, too, accepting cases written by faculty at up-and-coming schools in India, China and Latin America and selling products to those same institutions.

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Top five cases from Harvard Business Publishing, fiscal 2011

  • Cola Wars Continue: Coke and Pepsi, 2006 — Competitive strategies of the soft-drink giants
  • Starbucks—Delivering Customer Service — Efforts to improve customer-service satisfaction
  • Apple Inc., 2010 — Can the iPad take the company to new heights
  • Walt Disney Co. — The Entertainment King—Disney’s 1980s turnaround and strategic challenges in the early 2000s
  • Toyota Motor Manufacturing, USA, Inc.—Solving assembly problems with the Toyota Production System

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What do b-school profs and Lady Gaga have in common?

November 3, 2011

Earlier this week we posted about the high – and increasing — cost of college.

As a throwaway point, we mentioned that the annual tuition in Georgetown’s MBA program is about $50,000 … $49,638 to be precise.

That caught some attention, so let’s put the number in perspective.

A Gtown MBA student takes 18 module-courses per year … so. the tuition works out to about $2,750 per module-course.

Each module-course is two classes per week for 7 weeks … so, the tuition works out to about $200 for each of the 14 class sessions.

Let’s put that number in perspective.

According to SeatGeek.com, Lady Gaga ticket prices averaged $182.43 on last year’s Monster Ball Tour … about the same as an MBA class session.

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Hmmm.

A couple of hours of Lady Gaga or 75 minutes soaking in some b-school wisdom … bring your wallet and take your pick.

Yipes.

P.S. For the record, I think of that $200 number every time I walk into a classroom. Move over Gaga.

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Aiming for the 1%, MBAs still flock to Wall Street…

October 26, 2011

So what if Wall Street firms almost caused the world economy to implode.

So what if a couple of the biggest firms cratered and bonuses have been slashed.

So, what is the Feds and protesters have the evil bankers in their sites.

Sill, according to the WSJ, MBA grads are heading to Wall Street – if they can land offers.

Financial-services industry hiring at the big Master of Business Administration programs hit a post financial-crisis high this year.

Employers such as banks, hedge funds, investment managers, private equity and venture capital firms hired 39% of job-seeking 2011 graduates at Harvard Business School and the Yale School of Management, 36% at the Stanford Graduate School of Business and 51% at Columbia Business School.

Even in an age of heavy layoffs, shrinking bonus pools and noisy antibank protests, it is no mystery why M.B.A. students keep entering the revolving door that is Wall Street. It pays well and carries considerable prestige.

But those getting jobs in finance will be entering an industry undergoing a massive belt-tightening, as investors flee banks hammered by a weak economy, tumultuous markets and tightening regulation.

“You’re vulnerable if you’re in that five-, seven- or nine-year range. You’re expensive and you don’t have clients.”

Investment bankers with about five years of experience can command compensation of close to $400,000.

New hires from business schools can expect about one-third as much.

Have to admit that I’m surprised that interest in finance careers hasn’t slowed a bit.

I guess there’s nothing like the smell of money.

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