{"id":32037,"date":"2016-02-05T15:48:45","date_gmt":"2016-02-05T22:48:45","guid":{"rendered":"https:\/\/gmatclub.com\/blog\/2016\/02\/mba-jobs-in-banking-consulting-still-popular\/"},"modified":"2016-02-05T15:48:45","modified_gmt":"2016-02-05T22:48:45","slug":"mba-jobs-in-banking-consulting-still-popular","status":"publish","type":"post","link":"https:\/\/gmatclub.com\/blog\/mba-jobs-in-banking-consulting-still-popular\/","title":{"rendered":"MBA Jobs in Banking & Consulting Still Popular"},"content":{"rendered":"
\"Top<\/a><\/p>\n

Traditional industries like banking and consulting remain popular among business school graduates.<\/em><\/p>\n<\/div>\n

What does it take to get a job at legendary banking firm Goldman Sachs? Do consulting jobs still carry the cachet they once did for MBA job seekers? Are online programs catching on? Here are the top stories in the world of business school.<\/span><\/p>\n

\u00a0<\/strong><\/strong>MBA jobs at Goldman Sachs<\/b><\/h4>\n

While today\u2019s MBAs are looking to careers that, at one point in time, were not typically associated with business school (nonprofits, technology, etc), the reality is that finance and banking are still extremely popular routes. <\/span>Goldman Sachs<\/span><\/a>, for instance, still has cachet as one America\u2019s top banking firms. So, what does it take to work there? \u201cThe reality of it is that we actually have a pretty strong appetite for non-traditional backgrounds,\u201d says Michael Desmaris, a managing director and global head of talent acquisition at Goldman Sachs. He adds, \u201cOne of the things that is interesting is that a majority of our MBA hires are career switchers, so they\u2019re coming from a different industry altogether.\u201d (<\/span>Poets & Quants<\/span><\/a>)<\/span><\/p>\n

Consulting careers<\/b><\/p>\n

Alongside banking, consulting remains another traditional MBA career that continues to win over the hearts and minds of new business school graduates. While tech giants like Google, Facebook, and Amazon grab the headlines, major consulting firms remain among the most popular destinations to search for MBA jobs. With starting salaries nearing $150,000 a year and career trajectories that progress at a quick pace, you can see why. \u201cFor the past few years, about a fifth of Tuck\u2019s graduating students have gone to work for the big three consulting companies and this current recruiting cycle looks to continue that trend,\u201d says Stephen Pidgeon, associate director for career development of <\/span>Dartmouth\u2019s Tuck School of Business<\/span><\/a>. Pidgeon joined <\/span>McKinsey <\/span><\/a>when he graduated from Tuck in 2007. (<\/span>The Financial Times<\/span><\/i><\/a>)<\/span><\/p>\n

\u00a0<\/strong><\/strong>Online programs on the rise<\/b><\/h4>\n

One thing on the business school landscape that will likely be the same in 2016 as it was in 2015 is the MBA job market for new graduates. But on the business school school education front itself, expect some changes. Namely in delivery, which means more online programs and digitalization. As an instructor at one business school in Great Britain describes it, \u201cOnline programs are more sophisticated these days. The main issue is to ensure consistency of interaction\u2026 The instructor also needs to show a proactive presence online to engage and encourage more engagement from students.\u201d In other words, business school students are going to have to embrace technology just as business leaders have. Best to start early! (<\/span>BusinessBecause<\/span><\/a>) <\/span><\/p>\n

\u00a0<\/strong><\/strong>In-school entrepreneurship<\/b><\/h4>\n

Within the business education community, there\u2019s been a lot of debate about whether or not students should focus on becoming successful entrepreneurs while they\u2019re still studying. Many argue they should hold off on any plans that might distract them from the classroom experience and save those MBA job worries for post-graduation. Karl Ulrich, the vice dean of entrepreneurship and innovation at <\/span>the University of Pennsylvania\u2019s Wharton School<\/span><\/a>, is firmly in the latter camp. \u201cI understand the frustration of faculty members who see their students paying little attention to classroom learning while they focus on creating the next Uber. But such student behavior is a hint at a problem in business education. Students sense a gap between what they are learning in the classroom and the application of that learning to their career objectives,\u201d he says. (<\/span>The Wall Street Journal<\/span><\/i><\/a>)<\/span><\/p>\n

The No-No\u2019s<\/b>There are lots of dos and don\u2019ts during the MBA admissions process\u2014and if you do the don\u2019ts, well, you\u2019re playing with fire. Here are a few things to avoid when readying your business school applications. 1) Not answering the essay question asked of you. Be direct and to the point. 2) Lying about your work experience. Not only is it unethical, but it\u2019s easy to get caught. They know how to verify things. 3) Discussion of politics or religion. Save your thoughts about Donald Trump, Hillary Clinton, and Pope Francis for another venue. You never know who you may offend on the admissions committee. (<\/span>U.S. News & World Report<\/span><\/i><\/a>)<\/span><\/p>\n

Ready to kick your GMAT score into top shape? Challenge yourself to our <\/span><\/i>free 20-minute workout<\/span><\/i><\/a>.<\/span><\/i><\/p>\n

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The post MBA Jobs in Banking & Consulting Still Popular<\/a> appeared first on Business School Insider<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

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