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Top Leadership Development Programs

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Re: Top Leadership Development Programs [#permalink] New post 20 Jun 2012, 09:04
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The low number in LDPs is because there aren’t that many LDP spots out there. In the case, of LDP vs non-LDP cross offers, I think LDP wins out most of the time.

I think you meant non-LDPs win most of the time

Quote:
1) The industry/role doesn’t typically have LDP programs. For example, those interested in entrepreneurship, marketing in CPG companies, consulting, investment banking.

I am from semiconductor industry so it would be great if can get some comparitively good paying job in same field post-mba. I decided to do involve in pure MBA domains e.g. marketing, invest banking etc. because i thought semiconductor domain does not have equally good paying opportunities after MBA. Is it true ??

Thanks to you who provided info about Intel LDP. Also, if i work in semiconductor domain my work exp. (4yrs + few patents) will be considered. Are there any other good programs for me

Quote:
2) Some married people cannot handle the rotational nature of LDPs. Although some LDPs allow participants to only rotate roles and not location.
3) The location of the rotations may not be attractive. This is especially true of manufacturing companies, in which the factories aren’t located in big metropolises.

i am an avid traveler and what better than relocating on company's expenses. I know it will not be easy once i am married but me and my gf are up for it


Quote:
4) The LDP isn’t a real LDP. For example, Citi’s rotational program only rotates people, but does not provide any other benefits.

I did not get this, do you mean LDP has lower pay scale

Quote:
benefits outweigh the downsides

I fully agree to such an extent that i can discount few $K to get into a rotational program. One Question here: lets say i get in to INTEL's rotational LDP, go through all fields and decide to work in Finance in Intel. After working for few years, can i switch to pure financial mgmt. company lets say JP Morgan. Just a vague thought, wanted to know how different is a particular domain (finance here) in different industries (intel & JP Morgan) and how difficult it would be to switch b/w companies
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Re: Top Leadership Development Programs [#permalink] New post 20 Jun 2012, 10:05
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vikram4689 wrote:
I think you meant non-LDPs win most of the time
Situation: A student has an offer for a LDP position, and another offer for an analyst position (non-LDP). The student is more likely to take the LDP offer.
Quote:
I did not get this, do you mean LDP has lower pay scale
Some company's LDP is a LDP in name only. Any company can create a LDP, but the responsibilities, career progressions, and other benefits are not the same.
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Re: Top Leadership Development Programs [#permalink] New post 20 Jun 2012, 10:09
Asimov - I know there are a wide variety of LDPs and how good they are depend on one's specific needs - but can you comment on which LDPs are generally considered more reputable and have a better career progression?
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Re: Top Leadership Development Programs [#permalink] New post 20 Jun 2012, 11:38
thanks asimov, your replies will help many of us to make well-informed decisions. Two questions:

1) I am from semiconductor industry(4+yrs and few patents) so it would be great if can get comparitively good paying job in same field post-mba. I decided to do involve in pure MBA domains e.g. marketing, invest banking etc. because i thought semiconductor domain does not have equally good paying opportunities (vs consulting, marketing) after MBA. Is it true ?? and what are good LDPs for me

2) lets say i get in to INTEL's rotational LDP, get through all rotations and decide to work in Finance in Intel. After working for few years, can i switch to pure financial mgmt. company lets say JP Morgan. Just a vague thought, wanted to know how different is a particular domain (finance here) in different industries (intel & JP Morgan) and how difficult it would be to switch b/w companies
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Re: Top Leadership Development Programs [#permalink] New post 20 Jun 2012, 12:49
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stompy wrote:
Asimov - I know there are a wide variety of LDPs and how good they are depend on one's specific needs - but can you comment on which LDPs are generally considered more reputable and have a better career progression?

I, along with riverripper, think the smaller LDPs tend to be better. I don't have an extensive list of LDPs, since many do not publish. Given my interactions here at Fuqua, I feel the following:
Some of good LDPs I’ve come across:
• Sears – medium class size with mentorship and director level exit.
• Tenet – small class size (~4) with mentorship, hospital CEO within 5 years.
• HCA – small class size (~4) with mentorship, hospital CFO within 5 years.
• Nissan – small class size (~5) with mentorship, director level exit.

vikram4689 wrote:
thanks asimov, your replies will help many of us to make well-informed decisions. Two questions:

1) I am from semiconductor industry(4+yrs and few patents) so it would be great if can get comparitively good paying job in same field post-mba. I decided to do involve in pure MBA domains e.g. marketing, invest banking etc. because i thought semiconductor domain does not have equally good paying opportunities (vs consulting, marketing) after MBA. Is it true ?? and what are good LDPs for me

2) lets say i get in to INTEL's rotational LDP, get through all rotations and decide to work in Finance in Intel. After working for few years, can i switch to pure financial mgmt. company lets say JP Morgan. Just a vague thought, wanted to know how different is a particular domain (finance here) in different industries (intel & JP Morgan) and how difficult it would be to switch b/w companies

1. I'm not completely understanding what you are asking. But if pay is your primary objective, industry in general doesn't pay as well as consulting or investment banking (but you also work less hours). But you should live pretty comfortably on a salary from a top tier MBA program.
2. I really don't know the transition into financial service post industry.
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Re: Top Leadership Development Programs [#permalink] New post 20 Jun 2012, 17:33
what are the average work hours,starting pay post-mba, average annual increment, bonus/perks for industry vs consulting vs investment banking
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Re: Top Leadership Development Programs [#permalink] New post 22 Jun 2012, 03:59
vikram4689 wrote:
what are the average work hours,starting pay post-mba, average annual increment, bonus/perks for industry vs consulting vs investment banking


Industry
This is incredibly variable.

Consulting
Check out www.managementconsulted.com.

Investment Banking
Check out www.mergersandinquisitions.com.
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Re: Top Leadership Development Programs [#permalink] New post 22 Jun 2012, 09:20
I know Genetech has some good LDPs. Was talking with some guy from Wharton who was doing a marketing rotation and he seemed pretty happy with it
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Re: Top Leadership Development Programs [#permalink] New post 22 Jun 2012, 09:38
kingfalcon wrote:
vikram4689 wrote:
what are the average work hours,starting pay post-mba, average annual increment, bonus/perks for industry vs consulting vs investment banking


Industry
This is incredibly variable.

Consulting
Check out http://www.managementconsulted.com.

Investment Banking
Check out http://www.mergersandinquisitions.com.

each consulting company's salary is much greater than average of most of b-schools. Is it always the case ?? If yes, which jobs bring down the average (just wanted to know so as to know that i dont want to get into that) :)
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Re: Top Leadership Development Programs [#permalink] New post 23 Jun 2012, 19:44
vikram4689 wrote:
each consulting company's salary is much greater than average of most of b-schools. Is it always the case ?? If yes, which jobs bring down the average (just wanted to know so as to know that i dont want to get into that) :)
If money is the most important thing that you care about, there are better ways to earn that money than getting an MBA.

Thanks everyone for the great responses. I'm looking to advance my career in Asia, specifically, China. Does anyone have insights into how to best navigate the corporate ladder in China?
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Re: Top Leadership Development Programs [#permalink] New post 24 Jun 2012, 04:27
JeremyLin wrote:
vikram4689 wrote:
each consulting company's salary is much greater than average of most of b-schools. Is it always the case ?? If yes, which jobs bring down the average (just wanted to know so as to know that i dont want to get into that) :)
If money is the most important thing that you care about, there are better ways to earn that money than getting an MBA.

Thanks everyone for the great responses. I'm looking to advance my career in Asia, specifically, China. Does anyone have insights into how to best navigate the corporate ladder in China?

At least i am not faking which is clearly evident about you from your profile using name & pic of famous Basket baller and Harvard Grad Jeremy Lin
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Re: Top Leadership Development Programs [#permalink] New post 26 Jun 2012, 09:53
Expert's post
On a completely different note. This thread just made the "Best Forum Posts June 14, 2012".

best-forum-posts-june-134776.html#p1098460
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Re: Top Leadership Development Programs [#permalink] New post 27 Jun 2012, 18:05
stompy wrote:
I know Genetech has some good LDPs. Was talking with some guy from Wharton who was doing a marketing rotation and he seemed pretty happy with it


I've heard mixed things about Genentech. It seems like it probably depends on what product you end up on.
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Re: Top Leadership Development Programs [#permalink] New post 28 Jun 2012, 07:36
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I've heard mixed things about Genentech. It seems like it probably depends on what product you end up on.
I have to concur with highhopes. Genentech only converted 1 out 4 Fuqua summer intern offer. Conversion rate can be an indication of the quality of the program. In general, very few people at the company will tell you that their company is bad, unless you have a strong personal relationship. Of course, there are other reasons for low conversion; for example, unattractive location (probably not the case for Genentech).
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Re: Top Leadership Development Programs [#permalink] New post 28 Jun 2012, 09:17
asimov wrote:
highhopes wrote:
I've heard mixed things about Genentech. It seems like it probably depends on what product you end up on.
I have to concur with highhopes. Genentech only converted 1 out 4 Fuqua summer intern offer. Conversion rate can be an indication of the quality of the program. In general, very few people at the company will tell you that their company is bad, unless you have a strong personal relationship. Of course, there are other reasons for low conversion; for example, unattractive location (probably not the case for Genentech).


I am interested in their program, and Genentech has a good reputation for taking care of their employees.
Did it change with Roche's acquisition? I don't know.

Do you mean that 4 summer inters with Genentech were offered a full time position but only 1 accepted it?
Do you know why the conversion rate was low from Fuqua?
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Re: Top Leadership Development Programs [#permalink] New post 28 Jun 2012, 18:07
gmatmba1 wrote:
asimov wrote:
highhopes wrote:
I've heard mixed things about Genentech. It seems like it probably depends on what product you end up on.
I have to concur with highhopes. Genentech only converted 1 out 4 Fuqua summer intern offer. Conversion rate can be an indication of the quality of the program. In general, very few people at the company will tell you that their company is bad, unless you have a strong personal relationship. Of course, there are other reasons for low conversion; for example, unattractive location (probably not the case for Genentech).


I am interested in their program, and Genentech has a good reputation for taking care of their employees.
Did it change with Roche's acquisition? I don't know.

Do you mean that 4 summer inters with Genentech were offered a full time position but only 1 accepted it?
Do you know why the conversion rate was low from Fuqua?


Some companies hire strictly out of their intern class and frequently in these situations, if you don't do badly you will likely get an offer. Genentech doesn't fall into this boat. From what I know, you have a 50/50 shot of getting a full time offer coming out of an internship. So there are good people that don't get offers.

I wasn't really referring to this when I commented, however. What I had heard is more along the lines that the way their marketing is structured, you might have a gigantic avastin team (as an example) and you might get stuck working on something not that meaningful. I also did talk to a guy that interned right after the acquisition and he said he probably would not have gone back except that he just happened to have an opportunity experience-wise that he thought was really good. It sounds like it's more bureaucratic than it used to be. I don't think it's necessarily an issue of Genentech not being a good company to work for, just that there might be better opportunities out there.
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Re: Top Leadership Development Programs [#permalink] New post 29 Jun 2012, 04:57
2 queries guys:
1. What are the chances of a person from a non-similar background to land into LDP. For e.g. What would be the chances of an Indian IT male to land into LDP of an Healthcare company. (keeping other factors aside e.g selective nature of LDP )

2. What are common traits that companies look for LDP positions. Asking this so that i can focus on these during my MBA
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Re: Top Leadership Development Programs [#permalink] New post 29 Jun 2012, 05:06
vikram4689 wrote:
2 queries guys:
1. What are the chances of a person from a non-similar background to land into LDP. For e.g. What would be the chances of an Indian IT male to land into LDP of an Healthcare company. (keeping other factors aside e.g selective nature of LDP )

2. What are common traits that companies look for LDP positions. Asking this so that i can focus on these during my MBA


If I may add,
Vikram inquired about change in the industry. What about change in functions within the industry? (pharmaceutical research >> pharmaceutical finance)
what about changing both industry and function? (although, I guess pharmaceutical research cannot really only change industry ..)
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Re: Top Leadership Development Programs [#permalink] New post 29 Jun 2012, 20:13
highhopes wrote:
RoyHalladay wrote:
What companies have strong LDPs in the healthcare/biotech area? What are the job opps like after completion?


I would say for the most part, health care companies are not general management type rotational programs, they are generally either marketing LDPs OR finance LDPs, at least if you are looking at products (biotech/pharma/devices). Services/delivery and insurance are often a bit different.

So, many have commercial/marketing LDPs. These would work very similarly to what a CPG company would. You might rotate through different brands or different stages of marketing (market research, early stage, late stage) and then you just pick or interview for a spot on a team at the end. I don't think it's necessarily a huge jump once you finish your LDP. Marketing programs tend to have a very set promotional structure...do this for two years, then do this for four years, etc.

Pharma/biotech companies almost always include a sales rotation, and this might be one of only two rotations.

Pretty much all of the major companies have these. Amgen, Genentech, Merck, J&J, Medtronic, BMS, Lilly. Probably many more that I'm not thinking of off the top of my head.

I think Cigna and Aetna both have LDP programs that do rotate through different functions. I don't know how they exit out though.

Hospital/provider/delivery is just a whole different beast I think. There are a couple that were mentioned earlier that have specific MBA recruiting, but others you have to come through residencies (for which the pay really sucks to start out) and some hospitals just aren't structured the same as a corporation. You might have a performance improvement/quality improvement job in which you end up doing a mix of operations and finance, rather than rotating through departments.


Great info here, thanks. Since there aren't any general management type LDPs in pharma/healthcare, what would be the best path to take to end up in a leadership position at a Merck, J&J, BMS, etc type company? Management Consulting?
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Re: Top Leadership Development Programs [#permalink] New post 30 Jun 2012, 09:17
friends, any valuable inputs on gmatmba1 and my queries
Re: Top Leadership Development Programs   [#permalink] 30 Jun 2012, 09:17
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