Business@GW

News by and for GW B-School Students

The Confidence Only B-School Can Bring

When I started the full-time program last August, I entered business school feeling like not only was I probably the dumbest person in the class but no potential employer would want to hire me after I graduate. This attitude carried me through the first semester of school and was evident in the way I timidly spoke only when called upon in class and nervously made my way through multiple career fairs and networking opportunities. As a “seasoned” second year, I can confidently say that I no longer believe myself to be either “dumb” or “unhireable”.

Upon thinking back on the past year, I can see how this rapid transformation took place and how the saying “what doesn’t kill you makes you stronger” while horribly cliché, is also oh so true. Nothing breeds confidence, or more accurately, forces confidence upon you like business school. Never before have I felt so in over my head, in the deep end of the ocean, with waves crashing all about me, yet I fought my way to shore. From the seemingly impossible JUD (Judgement, Uncertainly, and Decisions) class we all took as first years, to the Managerial Accounting final we all knowingly bombed, there have been many instances of certain failure. When that failure never occurs, and you instead find that you are thriving, you begin to realize that your mom was right, you really can do anything you set your mind to. I know now, that while I may not be the smartest, the most articulate, or have the most impressive resume, I am certainly competent, confident, and I can do pretty much anything you throw at me.

Tell me, where else can you learn that in just one short year?

October 4, 2010 Posted by | By Staff Writers | Leave a comment

MBA Program Earns Ranking On The Economist List of Best B-Schools

http://business.gwu.edu/newsroom/mbaprogramearnsrankingontheeconomistlistofbestbschools

Full-Time MBA Program Ranked 38th Among North American Schools

Sep 17, 2010

WASHINGTON – The George Washington University School of Business (GWSB) has one of the top MBA programs in the world, according to the The Economist’s 2010 ranking of full-time MBA programs. GWSB ranked 38th among the schools in North America for its full-time MBA program. This is the first time the GW School of Business has been invited to join The Economist’s ranking of full-time MBA programs.

“The recognition of the GW School of Business as one of the best in the world shows once again how our place at the intersection of business and politics is preparing a generation of students to lead in the global economy,” said Doug Guthrie, dean of GWSB and professor of management and international business.

Other highlights from The Economist rankings include the following:

• GWSB is ranked first in the world for diversity of recruiters.
• The School is ranked 6th for the breadth of its alumni network.
• GWSB is ranked 17th worldwide for student diversity.

The Economist rankings are based on a select survey of 132 leading business schools around the world. The ranking is based on input from schools, students and alumni. The GWSB ranked 73 of all schools listed worldwide.

“This ranking among our international and U.S. peers validates our efforts to strengthen our comprehensive, full-time global MBA curriculum,” said M. Murat Tarimcilar, associate dean of graduate programs and professor of decision sciences. “Our alumni and students have a passion for changing the world, highlighting the value of the GW experience.”

GW’s School of Business prepares students for professional management careers. The depth and variety of its academic and professional programs, including five specialized master’s programs, provide rich opportunities for students in the School’s core bachelor of business administration, master of business administration and doctoral programs. GW’s undergraduate- and graduate-level international business programs rank among the world’s best.

To view The Economist rankings, visit:
www.economist.com/business-education/

September 17, 2010 Posted by | Uncategorized | , , | Leave a comment

Back to school … back to the search?

As we enjoy the final days of summer and prepare to head back to school, some of us are prepping for more than just the academic year ahead.

With the economy is a state similar to when we matriculated, many second-year students are starting their job search. No, not a fall internship, but a full-time job. Granted, there are some government agencies where the hiring process is a quite lengthy. But in some industries, positions are appearing more sporadically and not in line with the academic calendar.

A decent number of graduates from the 2010 class are still looking for (ideal) positions, and have strongly urged future graduates to start applying in the fall.

Some students are fortunate in that their summer positions have morphed into part-time gigs during the year with a prospect of a full-time conversion upon graduation.

As for new students about to kick off MBA Institute … get ready to be inundated with job prep material. And embrace it to the extent one can.

August 15, 2010 Posted by | By Staff Writers | , , , | Leave a comment

Ready to consult …

… but first finals.

As we approach the end of the year, there is no rest for the weary. Finals are quickly approaching, but at the same time, we are all working tirelessly in preparation for our abroad residencies. After two or three days of finals, we will enjoy a day or two of rest, and then it’s off to Mexico, Sweden, Serbia, India or South Korea. And as if there wasn’t enough to worry about otherwise, some of us are still trying to solidify what it is we’ll be doing this summer.

But all of this is part of why we went to b-school; you learn to manage your life as best you can.

April 28, 2010 Posted by | Uncategorized | Leave a comment

Final internship push

Last week, the David Fowler Career Center hosted the “Just-in-Time Career Fair” for The George Washington University. The fair had a large contingent of employers, most of whom are hiring both for full-time positions and internships.

As we approach the end of April, students who haven’t locked up internships are looking to find a secure position before they head on their Abroad Residencies. Although many internships are unpaid, there seem to be plenty of opportunities out there for MBA’s.

April 16, 2010 Posted by | Uncategorized | Leave a comment

Ca$h outflow

One of the joys of being an MBA student is bickering about how much school costs. And with good reason.

From tuition to textbooks to case studies and yes, of course, drinks outside of happy hour, there really isn’t an end to the hemorrhaging of funds.

If you’re looking for a solid investment, I’d suggest buying credit default swaps on MBA student loans. That or the monopoly of Harvard Business Publishing.

But as our professors tell us, it is the investment we are making that will pay off in the long run. Let’s just hope that the more we spend, the greater “investment” we are making and increasing our potential earnings down the road.

-Ian Cropp

March 11, 2010 Posted by | Uncategorized | Leave a comment

Looking forward to a “Internswitch”

By Carolyn Podgorsky, Contributing Writer

This summer, I will be interning with Johnson & Johnson in a Human Resources capacity. This is a new area for me; after seven years of marketing and business development for law firms, I was somehow able to convince J&J that the skills I’ve developed will transfer into HR.

I decided to make the switch from marketing to HR because I realized that what I enjoyed the most from my old positions – working with executives to improve their business development skills, handling political situations, and creating effective and efficient teams – fell into organizational development and human resources more than traditional marketing. I had never considered before that HR could be involved in these activities and truly have a seat at the table. However, when I spoke with fellow students who had been in HR before starting school and did my own research on the field, I realized that HR was exactly where I wanted to be.

My internship could cover any number of areas within traditional HR management or in organizational development. I could be developing training materials, handling compensation and benefit procedures, analyzing performance review procedures, or working on many other issues. As a career-changer, I have trepidations about the life-altering decision I’ve made; but I also know that an internship will be the best way for me to get a true taste of the field.  And I can’t wait!

March 8, 2010 Posted by | By Staff Writers | , , , | Leave a comment

Oh Jobs Where art Thou!! – Healthcare That’s Where

By Ian Cropp, Correspondent – Business@GW

With the job and internship search in full swing for first and second year MBAs , the economy isn’t quite where everyone had hoped it would be.  Many of the previously sure-fire MBA jobs have evaporated, and the prospect of some returning have been nothing but mirages. The good news, however, is that for the desert wanderers there may be a pretty good bet for an oasis: Health Care.

Unlike some of the more volatile industries, such as finance and commercial real estate, the health care industry is quite stable with almost guaranteed growth. There are several factors pushing the growth, including  an aging population that will need more care, a broadening definition of health care to include more social or cosmetic procedures and a growing need for more quality management.

“Because of the growth of health services, the number of organizations becomes greater and greater and all of them need management, and because of budget issues, the pressure to perform and be efficient increases as well,” said Dr. Kurt Darr, a Professor of Hospital Administration at The George Washington University’s Department of Health Services Management and Leadership and former assistant dean of the School of Government and Business Administration.

“Historical, the tradition for MBAs has been to go into the for-profit business – that’s the expected pathway,” Darr said. “I think the development of a professional degree in health services information came about because there was a need for management-trained masters or graduate students who were more focused on non-for-profit.”

Most MBAs may be familiar with the large pharmaceutical companies, but there are plenty of other sectors of the health care industry hiring.

“The GDP devoted to health care is 16 percent and likely to go higher,” Darr said.”And we haven’t even talked about insurance companies. Third-party payers, like Blue Cross and Blue Shield are going to employ, assuming they survive. Also, there will be major players for financing the system.”

“There are a large number of investor-owned providers, hospital providers, nursing homes and consulting firms that employee MBAs to carry out their missions,” Darr said. “Clinics that are predominately owned and operated for the benefit of physicians would be more likely to focus on MBAs.”

While some jobs may not be exactly what an MBA expected upon entering graduate school, opportunities are abound at assisted-living and retirement communities, as well as nursing homes.

In the current economy, however, some MBAs don’t have the luxury of seeking only high-paying positions. “The financial rewards aren’t as great, and the non-for-profit (companies) can’t provide stock,” Darr said. “It’s a different environment in terms of compensation.  On the other hand there are for-profit providers across the board, too.”

Darr foresees growth regardless of the outcome of the health care reform bills floating around in Congress. “Any legislation that passes will have an emphasis on cost control, which means competent management,” Darr said. “People who know how to gain most benefit from every dollar spent. That may mean MBAs.”

Growth in the health care industry will likely foster growth in other related fields, too. “Consulting firms will be very important,” Darr said. “Most (health care) organizations don’t have enough personnel or talent to handle special projects so there will be more need for consulting.”

A key to finding a job in the health care industry is being proactive. “There aren’t many (companies) that come on campus to recruit,” Darr said. “There are about 5,000 hospitals, but no real concentration, unlike the big six or seven banks, or the concentration you find in other industries.”

Unlike some of the finance and consumer goods internships, most health care internships are unpaid.  “If you are willing to work at an organization as intern or doing project work, you can get some entry-level experience and do some networking,” Darr said.

For MBAs looking to live in a specific area that may not have typical MBA-related positions, health care jobs often an alluring alternative. “All health care, like politics, is local — they are all where the people are,” Darr said.

Specifically, areas with high population growth or an aging demographic are likely to have many health care job opportunities. While there may be a few different techniques MBAs should use when approaching the job search in the Health Care field, MBAs can still look to their most basic tools.

“The field is small, but large, so much what happens is a matter of personal contacts and networking,” Darr said.

November 15, 2009 Posted by | By Staff Writers | , , | Leave a comment

Job Seeking With Hollywood Celebs

Tired of that same old resume format??? Or is your resume same as thousands others in your business school. Here’s one way you can drive up your resume to the top of the selection pile – get it endorsed from a celebrity. For $300,  B, C, and arguably D-list celebrities, like Lou Ferrigno a.k.a The Incredible Hulk,  will videotape themselves reading your résumé or cover letter. If that’s too expensive, no worries. You can also pay $19.95 for a celeb to leave a 30-second voice mail for a potential boss.

For more, click and read : http://www.newsweek.com/id/216594

 

November 15, 2009 Posted by | Aggregated | , , | Leave a comment

GMAT: The MBA Job Seeker’s Best Friend

Elite corporate recruiters use GMAT scores to narrow the field of applicants. Some schools are advising low scorers to retake the test. The primary purpose of the Graduate Management Admissions Test may be winning the favor of B-school admissions committees, but that’s not all those four hours of geometry and critical reasoning questions are good for. For many students, the scores they get on the GMAT will reach an audience that might be even more important—job recruiters.

For more click and read: http://www.businessweek.com/bschools/content/oct2009/bs20091019_412671.htm

November 15, 2009 Posted by | Aggregated | , , , | Leave a comment

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