Mba Selection
Essay by Scott Mignot • September 8, 2017 • Research Paper • 4,882 Words (20 Pages) • 813 Views
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MBA
Industry & Function Smart Sheets
(Data from 12Twenty US Network, MBA classes of 2015-2017)
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Consulting is the practice of helping organizations improve their performance, operating primarily through the analysis of existing organizational problems and the development of plans for improvement. Firms may draw upon the services of management consultants for a variety of reasons, including gaining external (and objective) advice, or gaining access to the consultants' specialized expertise.
The Numbers
% Intl | Med Salary | Med Bonus |
29% | $135,000 | $25,000 |
56% | $85,000 | $5,000 |
MBA Consulting Roles by Function
Consulting 89%[pic 5]
Finance
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What’s In It For You? Top Reasons MBA Students Pursue Careers in Consulting:
- Unparalleled Variety: Consultants work on projects at different companies and industries, and in different functions and locations. The broad exposure to a vast number of business challenges is ideal preparation for nearly any career, from corporate soldier to entrepreneur.
- Early Exposure to C-level Executives & Big Issues: Whether or not you stay in consulting, knowing what keeps senior leaders up at night—and knowing that you have the power to help them address those issues—is a huge reason to get into the field.
- Exceptional Pay & Benefit Packages: With standard starting median salaries of $135,000 and sign-on bonuses of $25,000, compensation packages are among the highest available to freshly minted MBAs.
- Opportunities to Travel: Regular travel is part of the job, but that travel can pay personal dividends as well; from Starwood hotels to Hertz car rentals, from Amtrak rides to Continental flights, you’ll get to know (and take advantage of) points programs extremely well.
- Networking Opportunities: Joining a consulting firm is one of the quickest and most effective ways to build a vast and valuable network. You’ll work with multiple clients and stakeholders through the course of your projects. Consulting roles also allow you to work with individuals who share many of your same characteristics (like a gathering of Type-A personalities).
Top 5 MBA Employers[pic 7][pic 8][pic 9][pic 10]
Financial Services companies are in the business of managing money. This includes commercial banks (which offer services accepting deposits and issuing loans), investment banks (which help coordinate M&A efforts, assist clients on capital-raising initiatives, etc.), and investment management firms (which focus on creating wealth for customers). It also includes private equity funds, venture capital firms, and angel investors, who supply capital to companies in exchange for ownership stakes or profit participation. Finally, insurers (e.g., Nationwide) and global payment providers (e.g., Visa) also participate within this industry.
The Numbers
% Intl | Med Salary | Med Bonus |
22% | $125,000 | $47,500 |
22% | $110,000 | $25,000 |
24% | $108,000 | $25,000 |
36% | $120,000 | $25,000 |
17% | $100,000 | $20,000 |
MBA Financial Services Roles by Function
Finance Gen Mgmt Mktg/Sales Consulting Operations[pic 11][pic 12]
75%
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What’s In It For You? Top Reasons MBA Students Pursue Careers in Financial Services:
- Dynamic Work Environment and Advancement Potential: The fluidity and fast pace that comes with a career in the financial services industry is unrivaled. You never stop learning, innovation is a constant, and workplaces typically move at an incredibly fast pace.
- Highly-Translatable Skills: The financial services industry is enormous and offers young professionals an incredible amount of choice in the work they do, which also means room to explore and build skills. And having strong financial knowledge—whether it’s in capital structure, investment, or beyond—will help you in virtually any industry you choose to enter.
- The Opportunity to Make a Difference: At the macro-level, the Financial Services industry plays a key role in maintaining the workings of the economy. At the micro-level, the work that financial services professionals do makes a difference in the lives of its clients—and that leads to a strong sense of pride.
- Lucrative Compensation Packages: Financial Services firms typically offer strong compensation packages—even for entry-level roles—and generous annual bonuses are usually a component of that.
Top 5 MBA Employers[pic 14][pic 15][pic 16][pic 17]
The technology industry is difficult to define, as technology, and how we use it, is constantly changing. It is often viewed as an industry using or involving advanced methods, the most modern equipment, and a unique approach to solve problems. Technology can be broken into a number of different sectors, such as clean tech, financial tech, health tech, software and tech services.
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