It's All in How You Package It

Preparation and hiring practices for MBAs with Little Work Experience.

Transcript

1. Angelia Knight Coordinator of MBA Career Services Connie Chambers Coordinator of Corporate and Alumni Development
2.  Networking is a crucial skill to teach those with little work experience, so…  Share 3 facts about what sets your program apart from the rest.  LET’S PRACTICE!
3.  How many of you accept students in your program with no work experience? What percentage?  With one year of experience? What percentage?  Two years of experience? What percentage?  Any other variations?
4.  University of Alabama established 1831  This fall, enrollment is expected to top 31,000 students  MBA Program established 1933; EMBA established 1985  MBA Class size currently 90 students  500+ graduate students in C&BA  Started “no experience” niche in 1996  Average salary for Class of 2010: $66,000  And we can’t forget...
6.  Please open the envelopes you were given upon arrival  If you have been given a laminated profile, you are the designated leader for a small group  Locate several people in the audience to be in your group – Everyone, please participate!  Decide how you would market this student by industry and function
7.  Internship: Sr. Management Consultant, Alabama Productivity Center  Full-Time: Sr. Business Analyst, Corporate Marketing, Regions Financial Corporation Biju Abraham Biju Abraham
8.  Internship: Administrative Intern, American Red Cross  Full-Time: Supply Chain Coordinator/Men's Accessories, Coach
9.  Internship: Analyst, Corporate Real Estate, Southern Company  Full-Time: District Sales Manager, Frito-Lay North America Joseph Liddy
10.  Internship: Project Management Intern, Brasfield & Gorrie General Contractors, Commercial Construction Division  Full-Time: Analyst, North America Beauty & Grooming, Procter & Gamble, Business Analysis Solutions Jeremy Buck
11.  Internship: Marketing Executive, Bay Point Marriott
12.  Internship: SAP Business Analyst Intern, Coca-Cola  Full-Time: Associate Financial Analyst, FedEx
13.  Internship: HP - IT Intern; HP Global Legal IT Department  Full-Time: Business Analyst/Consultant; Accenture, Technology Platform Group
14.  Internship: Custom Insights Intern, dunnhumbyUSA  Full-Time: Talent Management Analyst, Alabama Power
15.  Internship: Financial Institutions Client Management Intern, Citi Global Transaction Services  Full-Time: Analyst, Client Executive Group-- The Americas; Citibank Global Transaction Services
16.  Internship: Technology Licensing Intern, AIME (Alabama Institute for Managerial Excellence), Office for Technology Transfer  Full-Time: Advisory Technology Associate, PricewaterhouseCoopers
17.  Internship: Controls Analyst, Procter & Gamble, Global Internal Audit Organization – Financial Business Services  Full-Time: Senior Controls Analyst, Procter & Gamble, Global Internal Audit Organization, Financial Business Services
18.  Internship: BMW - Oxford Database Integration Project: Implementing and training staff on a new database platform in the Supplier Quality department
19.  Internship: Market Research Intern, Compass Bank  Full-Time: Realtor/Trainer, Town Square Realty
20.  Internship: Transportaton Private Fleet Strategy Intern, Transportation/Logistics Division, Walmart Stores, Inc.  Full-Time: Senior Manager, Health and Wellness Innovation, Walmart Stores Inc.
21.  Internship: Financial Analyst Intern, Ford Motor Credit Company  Full Time: Exchange and Derivatives Analyst, Ford Motor Company
22.  Internship: Marketing Intern, The Decatur Dream Center  Full-Time: Analyst, Accounting Economics Appraisal Group
23.  Internship: Field Sales Representative Intern, Huntsville Neuroscience Division, Primary Care  Full-Time: Senior Field Sales Representative, Birmingham Muskuloskeletal Division, Destin Florida Primary Care
24.  1st Year Plan  It all begins with admissions  High-achievers  Show leadership potential  Placeable with established relationships (used as a guideline)  Geographical preferences/challenges  Presentations during the interview  International students
25.  Member/leader of several organizations  Average GPA: 3.5  Average GMAT: 633  Average age: 25  Remember the “market this candidate” exercise? They’re our bread and butter!
26.  1st Year Plan, continued…  Summer course/orientation/filmed mock interview  Cover letters, resumes, career planning, cold calling, online social media, CareerShift, CareerBeam, LinkedIn, Vault, etc..  Marketplace Exercise  Individual Consults  Speed Networking/Elevator Speech  Biz and Buzz
27.  2nd Year Plan  Summer Internship  DISC Assessment  Video Resume  Case Competitions  Alumni Events  Live client cases in core classes and concentrations
28.  So…how do these students stack up in the eyes of the employer?
29.  Survey Background:  327 respondents; largely CEOs, recruiters, principals, owners, partners & decision makers  39% with firms of 5000+ employees  64% are headquartered in the southeast  61% are in manufacturing, finance & accounting, products & services and technology  60% have no on-campus recruiting program
33. Return on Investment
34.  Base salaries ranged from $38,000 to $150,000 upon graduation.  Of those receiving signing bonuses:  Range: $1,000 - $25,000  Average: $10,500  54% have transitioned from 1 to 4 positions since graduation.  85% had 1st vertical movement within 5 years, 54% of those within first 2 years.
35.  90% had less than 5 years work experience.  Base salaries ranged from $42,000 to $80,000 upon graduation.  55% are still with same company.  Signing bonuses ranged from $1,000 to $20,000.  Average signing bonus: $10,000.  100% have made at least 1 vertical movement.
37.  Class of 2005, before Post Graduate degree  Class of 2005, 5 Years Out
38. Class of 2000, before Post Graduate degree Class of 2000, 10 years out
40. is Gold! Alan Kimber: MBA, Finance, May, 2011; JD, Harvard Law School, May, 1996; BA, Political Science, Grand Valley State University, May, 1993 Work Experience: YellowBrix, Inc., Vice President, Legal; XM Satellite Radio, Assistant General Counsel; US Foodservice, Assistant General Counsel; WorldCom, Inc., Associate Counsel; Delphi Automotive Systems, Attorney; Dykema Gossett PLLC, Associate Internship: Strategy and Finance Intern for Marketing Division of Motorola
41. We’ve Learned:  There are still challenges!  Advances in technology and social media  Students with more global perspective  GenY expectations of career services staff …Your thoughts?