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Top Leadership Development Programs 20 Jun 2012, 18:33
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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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Top Leadership Development Programs 22 Jun 2012, 04:59
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vikram4689
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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Industry
This is incredibly variable.

Consulting
Check out www.managementconsulted.com.

Investment Banking
Check out www.mergersandinquisitions.com.
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Top Leadership Development Programs 22 Jun 2012, 06:40
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What companies have strong LDPs in the healthcare/biotech area? What are the job opps like after completion?
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Top Leadership Development Programs 22 Jun 2012, 10:20
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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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Top Leadership Development Programs 22 Jun 2012, 10:38
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vikram4689
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 https://www.managementconsulted.com.

Investment Banking
Check out https://www.mergersandinquisitions.com.
Show more
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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Top Leadership Development Programs 23 Jun 2012, 20:44
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vikram4689
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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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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Top Leadership Development Programs 24 Jun 2012, 05:27
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JeremyLin
vikram4689
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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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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Top Leadership Development Programs 26 Jun 2012, 10:53
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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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Top Leadership Development Programs 27 Jun 2012, 19:02
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What companies have strong LDPs in the healthcare/biotech area? What are the job opps like after completion?
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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.
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Top Leadership Development Programs 27 Jun 2012, 19:05
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stompy
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
Show more

I've heard mixed things about Genentech. It seems like it probably depends on what product you end up on.
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Top Leadership Development Programs 28 Jun 2012, 08:36
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I've heard mixed things about Genentech. It seems like it probably depends on what product you end up on.
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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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Top Leadership Development Programs 28 Jun 2012, 10:17
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asimov
highhopes
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).
Show more

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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Top Leadership Development Programs 28 Jun 2012, 19:07
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highhopes
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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vikram4689
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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highhopes
RoyHalladay
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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vikram4689
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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RoyHalladay
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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