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highhopes
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Top Leadership Development Programs 28 Jun 2012, 19:07
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gmatmba1
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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).

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?
Show more

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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Top Leadership Development Programs 29 Jun 2012, 05:57
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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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Top Leadership Development Programs 29 Jun 2012, 06:06
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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
Show more

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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Top Leadership Development Programs 29 Jun 2012, 21:13
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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.
Show more

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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Top Leadership Development Programs 30 Jun 2012, 10:17
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friends, any valuable inputs on gmatmba1 and my queries
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Top Leadership Development Programs 01 Jul 2012, 14:11
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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 ..)
Show more

First, if we're talking health care (and actually probably not only health care), recruiting is primarily domestic unless you're willing to work in your home country. At least this is the case for marketing, I'm less familiar with finance, but assume it's the same.

Switching industries and functions is difficult but not impossible. Switching industries and switching functions are both do-able, I think switching industries is probably a little easier.
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Top Leadership Development Programs 01 Jul 2012, 14:18
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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?
Show more

I think the track is still the same, it's just that these don't tend to be programs that put you on a fast track, there's a very routine promotional schedule. So it probably just takes a little longer. Also, some companies are "finance driven" v some that are "marketing driven" and sometimes you might even have more impact in a given function.

I don't think consulting is the golden ticket that many people think. To come out with really good exit options, you need to be higher than where most people exit. In a lot of your cases the extra two years that your classmates got working at the company is going to be more valuable than someone that's come in from consulting.
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Top Leadership Development Programs 01 Jul 2012, 17:15
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highhopes

First, if we're talking health care (and actually probably not only health care), recruiting is primarily domestic unless you're willing to work in your home country. At least this is the case for marketing, I'm less familiar with finance, but assume it's the same.

Switching industries and functions is difficult but not impossible. Switching industries and switching functions are both do-able, I think switching industries is probably a little easier.
Show more

In case of switching industries lets say from Intel engineer->Mckinsey consultant would my chances of landing into job depend on the summer internship and would my summer internship acceptance depends on the grades in mba ?

if there are any other points that should be taken care please advice
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Top Leadership Development Programs 01 Jul 2012, 21:19
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First, if we're talking health care (and actually probably not only health care), recruiting is primarily domestic unless you're willing to work in your home country. At least this is the case for marketing, I'm less familiar with finance, but assume it's the same.

Switching industries and functions is difficult but not impossible. Switching industries and switching functions are both do-able, I think switching industries is probably a little easier.

In case of switching industries lets say from Intel engineer->Mckinsey consultant would my chances of landing into job depend on the summer internship and would my summer internship acceptance depends on the grades in mba ?

if there are any other points that should be taken care please advice
Show more

I guess I don't really understand what you're asking.
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Top Leadership Development Programs 01 Jul 2012, 23:07
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highhopes
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In case of switching industries lets say from Intel engineer->Mckinsey consultant would my chances of landing into job depend on the summer internship and would my summer internship acceptance depends on the grades in mba ?

if there are any other points that should be taken care please advice

I guess I don't really understand what you're asking.
Show more
I am an electronics engineer in Intel. i am evaluating my chances of landing into mckinsey after mba.
1) Would my chances of landing into mckinsey depend on the summer internship ??
2) Also, how would i convince a consulting firm for internship e.g. would my technical background be a hindrance
3) Can i improve my chances of landing into consulting by performing well in MBA exams

I hope i clarified, please tell if i am not clear
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Top Leadership Development Programs 02 Jul 2012, 08:36
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vikram4689
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In case of switching industries lets say from Intel engineer->Mckinsey consultant would my chances of landing into job depend on the summer internship and would my summer internship acceptance depends on the grades in mba ?

if there are any other points that should be taken care please advice

I guess I don't really understand what you're asking.
I am an electronics engineer in Intel. i am evaluating my chances of landing into mckinsey after mba.
1) Would my chances of landing into mckinsey depend on the summer internship ??
2) Also, how would i convince a consulting firm for internship e.g. would my technical background be a hindrance
3) Can i improve my chances of landing into consulting by performing well in MBA exams

I hope i clarified, please tell if i am not clear
Show more

Hello Vikram,

I am no expert in this, but I'll share what I've learned from my research. so please feel free to correct me if I am wrong.

1. It wouldn't "depend" on the summer intership, but if you DO get an intership at McKinsey and perform well, you'll have a great chance of landing an offer from M.

2. You can convince the firm by doing well on the case interview.

3. Not really. Again, you will have to ACE the case interview to improve your chances to getting an offer from M.

To answer your overarching question: Your engineering background will not break your candidacy at a consulting firm.
:)
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Top Leadership Development Programs 02 Jul 2012, 08:55
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just a thought, can i get into mckinsey WITHOUT MBA, i mean if i get a stellar gmat 760+ can i get into mckinsey right away. mckinsey consults semiconductor companies as well. would my experience in semiconductors + high gmat(showing good analytical abilities) be able to get me into mckinsey
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Top Leadership Development Programs 02 Jul 2012, 09:43
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vikram4689
just a thought, can i get into mckinsey WITHOUT MBA, i mean if i get a stellar gmat 760+ can i get into mckinsey right away. mckinsey consults semiconductor companies as well. would my experience in semiconductors + high gmat(showing good analytical abilities) be able to get me into mckinsey
Show more

I am not sure of your background/experience.

But let me try to answer your q. Yes you can get into McKinsey without MBA as an experienced hire. But your resume and experience have to be stellar to get an interview.
Can someone chime in with more insight on the matter?
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Top Leadership Development Programs 05 Jul 2012, 13:54
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Wow did not know this thread was still going. Great stuff everyone.

To refocus back to the topic of MBA rotational programs:

What's the career path for rotational programs? What happens 10-15 years after you finish a program? From my understanding, you do a two year program and then coming out of it get put in a managerial type role. What do most people do after this? Just keep climbing this corporate ladder? I know the answer probably depends on the company & function, but a general understanding would be nice. Can't seem to find too much online.

One other question: These rotational programs often times have the word "leadership" in them - thus implying a degree of managerial responsibility. Is this a farce? During these rotational programs are you really leading people? Or just being your own "personal leader"?
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Top Leadership Development Programs 13 Oct 2012, 11:06
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Good thread.

I think some of the best LDP programs for manufacturing: Amazon (pathways), Eaton, Whirlpool, BASF, DowChemical

Oil: Exxon, Chevron, BP

Finance: Seems like every company has a good one.
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Top Leadership Development Programs 17 Oct 2012, 00:13
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Since we're discussing intell, anyone know about other LDP programs in the Bay Area? I'm thinking adobe, apple, google, maybe tesla, etc.
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Top Leadership Development Programs 24 Oct 2012, 09:36
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Great thread. One company that I have heard about in the Bay Area is Intuit. They have a cross functional LDP; it should be worthwhile to take a look.
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Top Leadership Development Programs 28 Oct 2012, 18:18
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highhopes
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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.
Show more


As mentioned above, I've noticed that many Pharma companies appear to offer either Marketing or Finance LDPs/rotations. If anyone out there would care to surmise, do you believe that joining one of the Finance rotations would be the beginning of the track to CFO?

Many thanks!
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Top Leadership Development Programs 30 May 2013, 23:06
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Interesting Thread. LDP sounds Good.
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Top Leadership Development Programs 16 Nov 2013, 16:29
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Does anyone have a consensus list of programs and what their core MBA programs are?
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