Category Archives: General

11 New Courses at Kellogg School Address Global Business Issues

Northwestern University’s Kellogg School of Management launched 11 new courses for the 2016-17 academic year, with topics that range from the business of social impact to leading startups to the human-machine partnerships of the future. “With …

new Kellogg school coursesNorthwestern University’s Kellogg School of Management launched 11 new courses for the 2016-17 academic year, with topics that range from the business of social impact to leading startups to the human-machine partnerships of the future.

“With increasingly complex problems facing our rapidly changing business environment, curriculum innovation in the MBA program is key,” says Therese McGuire, Senior Associate Dean of Curriculum and Teaching. “As we train the future business leaders of the world, it’s critical to create new courses that foster innovation and take our students to the forefront of knowledge in their respective areas.”

Here’s a glimpse of what the new course offerings, which incorporate applied learning applications and guest speakers, include:

Human and Machine Intelligence
 (Adam Pah, Spring 2017)
Human and Machine Intelligence delves into new research findings on artificial intelligence and the applications for modern business leaders. Using sophisticated AI programs like IBM’s Deep Blue and Google’s AlphaGo, this course will develop students’ data science skills and teach them to apply “human+machine thought partnerships” to grow businesses.

“While there are many examples of machines outperforming humans at some tasks, its less clear when machines can augment human decision-making and creativity,” says Adam Pah, Clinical Assistant Professor of Management & Organizations.

“We will focus on how students can leverage machine intelligence, while discussing the possibility and limitations of machine-learning to enhance their output and performance beyond a human or machine alone.”

Launching and Leading Startups
 (Brad Morehead, Winter 2017; Carter Cast, Spring 2017)
Launching and Leading Startups examines some of the most challenging and pervasive problems faced by entrepreneurial CEOs – including evaluating markets, developing products, mitigating risk, and creating effective go-to-market strategies while leading teams and managing boards from the CEO “hot seat.”

“Our Kellogg Innovation and Entrepreneurship Initiative leadership team realized there was an opportunity to offer a broad survey course for innovative, entrepreneurially-minded students who want to gain exposure to entrepreneurship,” said Carter Cast, Clinical Professor of Innovation & Entrepreneurship.

“This will be a good class for students who are curious about entrepreneurship and who think they may pursue an entrepreneurial endeavor in the near future, whether through starting their own business, acquiring a business or joining an early-stage startup.”

Business of Social Change (Megan Kashner, Winter 2017) Business of Social Change studies a singular social issue to help students understand the causes, measurement, levers and outcomes inherent to the business of social change work. With this term’s focus on uneducated and unemployed American youths, students will hear from guest speakers including policy experts, large-scale employers of youth, impact measurement experts and experts on labor, detention and workforce development.

“We’ve added this new course to provide students with the foundational tools and approaches to follow a social or sustainability challenge from etiology to measurement to levers for change and impact,” says Megan Kashner, Clinical Assistant Professor in the Kellogg Public-Private Interface. “Students will complete this course with the skills to determine the roots of a problem and the paths to large-scale and market-driven change.”

Consumers, Culture and Leadership (Greg Carpenter, Fall 2016)
Consumers, Culture and Leadership explores how firms develop a deep understanding of customers, how leaders can create more agile, innovative organizations and how leaders can create new markets, redefine existing ones and deliver value to demanding buyers.

“Much of the thinking behind customer centricity was developed at Kellogg and remains central to our distinctive approach,” says Greg Carpenter, James Farley/Booz Allen Hamilton Professor of Marketing Strategy. “The timing seems right to offer a new course to more formally explore the rising influence of consumers, how organizations are transforming their culture to focus more on consumers, and successful leadership models for customer-centric firms.”

Other new courses for the 2016-2017 academic year include:

As the Kellogg School of Management continues to roll out new courses such as these, which emerged from cross-disciplinary strategic initiatives and academic departments, the school  appears to be making good on its intentions to educate brave leaders and prepare its students to meet the real-world business challenges of tomorrow.

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Upcoming Video Interview? Add Lots of Practice to Your “To Do” List

If you have an upcoming video interview for schools including INSEAD, Yale SOM, Michigan Ross or Wharton, PRACTICE is essential to success. This awkward format requires you to think on your feet and record your …

video interview prep

If you have an upcoming video interview for schools including INSEAD, Yale SOM, Michigan Ross or Wharton, PRACTICE is essential to success. This awkward format requires you to think on your feet and record your answer to a question (or questions) while speaking into your computer screen. It’s a new format for many and one that requires some rehearsal in order to become comfortable conversing with a computer screen!

Stacy Blackman Consulting has an online video platform that grants you unlimited practice doing exactly this. You can answer from a wide menu of questions, record yourself, watch and assess, tweak and try again. Invest 30 minutes a night and reap the benefits of increased comfort level and more articulate answers when you have your live interview. You can even choose an interview to submit to the SBC team for review and professional written feedback.

Set yourself up for success with this small investment and rock your video interviews! Purchase your package here today.

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GMAC Survey Predicts Robust Job Market for MBA Grads

One of the strongest indicators of a healthy post-MBA job market can be found within the annual Year-End Poll of Employers, a survey conducted by the Graduate Management Admission Council (GMAC) near the end of …

One of the strongest indicators of a healthy post-MBA job market can be found within the annual Year-End Poll of Employers, a survey conducted by the Graduate Management Admission Council (GMAC) near the end of each year. Hiring of b-school talent remains a priority in employers’ stated business goals for 2017, signaling expanded opportunities for competitive and high-performing MBA graduates.

MBA hiring trends

Hiring Projected to Increase in 2017

The year 2017 looks to be positive for job-seeking business school graduates, as 83% of surveyed companies have plans to hire b-school graduates this year, whether an MBA or non-MBA candidate.

  • Nearly 8 in 10 employers (79%) expect to hire MBA graduates in 2017, compared with 68 percent of the same companies that hired MBA candidates in 2016. Among companies planning to hire MBAs in 2017, 78% of employers plan of to hire as many or more of them than they did last year.
  • The 2017 hiring forecast for graduates of master’s programs in management and accounting is on trend with past years, with about a third of employers expecting to hire candidates with master’s degrees in management (31%) and accounting (29%), up from actual hiring outcomes in 2016 for these candidates.

Not only are a greater share of companies planning to hire business school graduates in 2017, but these employers also plan to increase the number of MBA and non-MBA graduates they will hire, expanding the number of positions for job-seeking b-school graduates.

Internship Opportunities Plentiful for MBA Candidates

The end-of-year 2016 poll results show that nearly all companies surveyed offer internships to undergraduate and graduate-level students.

  • Of companies that offer internships, 66% will offer internships to MBA candidates in 2017 and 82% of the companies that offer MBA internships plan to maintain or increase the number of MBA internship openings in the coming year.
  • On a par with past years’ findings, a smaller share of employers also expects to offer internships to candidates in business master’s programs including Master of Accounting (17% of employers), Master in Management (16%), and Master of Finance (15%).

GMAC’s annual employer hiring data collected through the Corporate Recruiters Surveys show that internships are one of the most successful means for graduate business students to acquire needed work experience and get a leg up in the job search. For example, 57% of companies surveyed last spring said they hired more than half of their MBA interns from 2015 to full-time positions.

Completion of an internship has value not just in boosting employment opportunities after graduation, but in determining starting salaries for recent b-school graduates. Nearly a quarter (23%) of employers who responded to the 2016 Corporate Recruiter Survey reported that participation in an internship would positively influence the base starting salary offered to a new graduate business hire.

Results of the 2016 Year-End Poll of Employers reflect responses provided by 167 recruiters from more than 140 companies of varying sizes and industry sectors across the globe, including 31 companies listed among the Fortune 500, 21 of which are also included in the Fortune 100.

For more findings from the 2016 Year-End Poll of Employers, you can download the full summary report at www.gmac.com/employerpoll.

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Words Can Change the World

If you have an upcoming interview, take YOUR first step in interview prep with one of SBC’s interview packages. Purchase today, January 16th, and receive two free interview guides of your choice. Simply forward purchase …

If you have an upcoming interview, take YOUR first step in interview prep with one of SBC’s interview packages.
Purchase today, January 16th, and receive two free interview guides of your choice. Simply forward purchase receipt to MLK@StacyBlackman.com and specify your two guides.
www.StacyBlackman.com/interview-prep.

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Mapping Out Your MBA Application Timeline

Once you’ve decided to pursue an MBA, you’ve got your work cut out for you. Applicants need to fit studying for the GMAT, visiting schools, and developing essays in with other personal and professional commitments. …

MBA timelineOnce you’ve decided to pursue an MBA, you’ve got your work cut out for you. Applicants need to fit studying for the GMAT, visiting schools, and developing essays in with other personal and professional commitments.

If you’re planning to apply to business school in the fall, come up with a game plan for completing the admissions components within a schedule that doesn’t necessitate sleepless nights and a jumbo bottle of Maalox. The best way to do this is to put together your MBA application timeline several months before your target deadlines.

Community Involvement: Now is a great time to deepen or establish your involvement with a community organization. If you have been involved with outside activities over the last couple of years, consider stepping your activities up a notch. Consider roles that will allow you to take a leadership position and create real impact before September. Offering to organize an event is a great discrete activity that will allow you to work in a team, have an impact, and show results.

Allot time for essays and the GMAT: The amount of time MBA aspirants will spend on their applications will vary, depending on writing abilities and general work efficiency. That said, plan to spend between 40 and 60 hours preparing four to eight applications. Non-native English speakers will also likely need to allot more time on their applications, particularly on writing, revising, editing, proofing, formatting, and inputting essays.

The other piece of this puzzle is, of course, the GMAT. Have you completed the GMAT and are you satisfied with your score? If you still need to take the GMAT, you have a lot of work ahead of you, as applicants typically devote at least 100 hours to test preparation. Depending on where you are in the process, you may have to take a prep class and perhaps take the test more than once. The good news is, Round One is still nine months out so you have time if you get serious soon.

Bolster your quant profile: An undergrad GPA hovering around 3.5 is generally considered fine. If your GPA is a 3.2 or below, or you majored in liberal arts, you may want to consider taking quantitative classes to enhance your academic profile. The MBA canon generally consists of Calculus, Statistics and Microeconomics.

If you took any of those classes in undergrad and scored a C or below you should certainly re-take the classes now. Where you take the class is much less important than the course material and grade (aim for A’s!!). The local community college is a great option.

Structure your work sessions: Some people work most efficiently when they can break up tasks into smaller, more manageable pieces, while others prefer to devote several hours to their writing in one sitting. MBA applicants should be aware of the way they work most effectively and structure their writing and editing sessions accordingly.

I typically recommend that candidates allocate two to three hours each time they sit down to work on their essays, particularly for the first few drafts. Essays should be approached holistically; you won’t have a compelling final product if you’ve only snatched 15 minutes here and 30 minutes there.

Conversely, most applicants should also avoid the “marathon session.” Few people are still sharp or creative eight hours into a writing and editing session. If you need to make up for lost time, try breaking it up with a session in the morning and another in the evening.

Allow some distance: Applicants should also build several weeks for reflection and feedback into their MBA timeline. If you can come back to your essays days later with fresh eyes, you’ll often think of a better example or more inspired language to illustrate a certain point. This won’t happen if you’re forced to work at warp speed.

Distributing your writing and editing over a reasonable period also makes it easier for friends, family, or colleagues to provide feedback. It’s unfair to ask someone to turn around comments in a 24-hour period, so provide them with a few days to give you their critiques. Leave yourself adequate time to reflect upon and incorporate their feedback.

The b-school application process is stressful, but careful planning will make the experience manageable and help you channel your energies into continually improving your candidacy until the moment you submit your applications.

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Show Me the Money: Highest Paying Consulting Firms for New MBAs

As you know, consulting is a top industry of interest at business schools around the globe. Few career paths can match consulting when it comes to providing exposure to a wide variety of projects, geographical …

As you know, consulting is a top industry of interest at business schools around the globe. Few career paths can match consulting when it comes to providing exposure to a wide variety of projects, geographical areas, company cultures…and then there’s the handsome compensation package to boot.

How handsome, you might ask? A recent article in BusinessInsider lists the highest paying consulting firms for newly minted MBA graduates using data supplied by Management Consulted, a company that helps candidates land consulting jobs.

To determine the top salaries earned by graduates in their first year out of b-school, Management Consulted pored over data from clients, spoke with industry insiders, and reviewed real offer letters from readers.

The Top Ten Highest Paying Consulting Firms

10. Strategy&
Total compensation: up to $204,900
Signing bonus:$25,000
Base: $152,000
Relocation:up to $3,000
Performance bonus: up to $24,900

9. KPMG
Total compensation: up to $205,000
Signing bonus: $35,000
Base: $140,000
Relocation: up to $5,000
Performance bonus: up to $25,000

8. EY
Total compensation: up to $206,700
Signing bonus: $25,000
Base: $145,000
Relocation: up to $5,000
Performance bonus: up to $31,700

7. Bain & Company
Total compensation: up to $215,000
Signing bonus:25,000
Base: $148,000
Relocation: up to $5,000
Performance bonus: up to $37,000

6. Parthenon-EY
Total compensation: up to $216,000
Signing bonus: $35,000
Base: $170,000
Relocation: up to $2,000
Performance bonus: up to $9,000

5. Deloitte
Total compensation: up to $221,250
Signing bonus:$25,000
Base: $149,000
Relocation: up to $2,500 if local; $10,000 otherwise
Performance bonus: up to $37,250

4. McKinsey & Company
Total compensation: up to $221,500
Signing bonus: $25,000
Base: $152,500
Relocation: $2,000 to $9,000
Performance bonus: up to $35,000

3. Accenture Strategy
Total compensation: up to $224,900
Signing bonus: $25,000
Base: $147,500
Relocation: up to $8,000
Performance bonus: up to $44,400

2. A.T. Kearney
Total compensation: up to $226,100
Signing bonus: $25,000
Base: $147,000
Relocation: up to $10,000
Performance bonus: up to $44,100

1. Boston Consulting Group
Total compensation: up to $229,100
Signing bonus: $30,000
Base: $147,000
Relocation: $2,000 to $8,000
Performance bonus: up to $44,100

According to Management Consulted, after working in the firm for over a year, one can typically expect a 12-20% increase in total cash (base + performance bonus). After working 2-3 years in a consulting firm, one either leaves the consulting firm or is promoted.

“Consulting salaries have been bullish for the past several years and the trend has continued into 2017,” Management Consulted concludes.

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