MBA Alumni

A cheap way of hiring MBA graduates

MBA students are adept at putting a value on long-term cash flows. New research suggests this mentality is also present in their evaluation of job offers — particularly if an alumnus of their business school is doing the recruiting. Professors from NYU Stern and MIT Sloan found that students securing a job through a member of their institution’s alumni network received a starting package worth 16 per cent less than those recruited through more traditional — and more impersonal — campus hiring events. They took that lower offer after being comforted by the fact it originated from a former student on the same top programme, argues NYU Stern’s Jason Greenberg, co-author of the research — to be published in Sociological Science — with MIT Sloan’s Roberto Fernandez. “The jobs coming through the alumni channel are perceived as having significantly better growth potential,” he says, linking this preoccupation with long-term cash flow to the net present value calculations that are a staple of MBA courses. “They are willing to take less today for a job that has better prospects in the long run.” As well as giving a clearer view of what the job entails, an approach from an alumnus can offer a reassuring vision of what the young graduate’s career might look like in a few years’ time. “You get a window into your potential future.” How can recruiters exploit this bond of trust? Prof Greenberg suggests that smaller employers who cannot afford the hoopla of on-campus hiring could use their MBA graduates to target young prospects in their old classrooms. But the strategy may not yield long-term savings: even net present value addicts will at some point demand to be paid the prevailing market rate. Read full story:...

Business schools with the most billionaire alumni...

Harvard Business School’s MBA program has produced more billionaires than any other business school,according to a recent report from Wealth-X. With 64 billionaire MBA alumni, the Cambridge, Massachusetts-based school has nearly three times as many as runner up Stanford University. Seven of the top 10 business schools with the most billionaire alumni are based in the U.S.. Three of them are Ivy League colleges. View the top 10 above, along with the number of billionaire MBA alumni and notable billionaire alumni. Wealth-X highlighted Philip Knight, who founded Nike Inc. after earning his MBA at Stanford Graduate School of Business in 1962. While the recent Wealth-X study focused on MBA programs, several of those colleges also appear on the list of schools with the most billionaire undergraduate alumni, released by Wealth-X in October. University of Pennsylvania took the top spot on that list, with 25 billionaire undergraduate alumni, followed by Harvard University. There are 2,325 billionaires in the world, with a combined net worth of $7.3 trillion, according to the Wealth-X and UBS Billionaire Census 2014. Europe is home to more billionaires than any other continent, while the United States has more billionaires than any other country. New York City has the largest population of billionaires of any city. 10. London Business School (London) Number of billionaire alumni: 4 | Notable billionaire alumnus: Kumar Mangalam Birla 9. University of Southern California (Los Angeles) Number of billionaire alumni: 5 | Notable billionaire alumnus: Ivan Glasenberg 8. International Institute for Management Development (Lausanne, Switzerland) Number of billionaire alumni: 5 | Notable billionaire alumnus: Susanne Hanna Ursula Klatten 7. New York University (New York) Number of billionaire alumni: 7 | Notable billionaire alumnus: Forrest Edward Mars, 6. INSEAD (Fontainebleau, France; Singapore campus is...

10 Best MBA Programs for Minting Billionaires

Where should you go to get your MBA if you want to be a billionaire? Likely one of these schools, the top 10 when it comes to number of billionaire alumni. With 64, Harvard University is No. 1 when it comes claiming the most graduates who are now billionaires, according to a ranking by Wealth-X, a high-net-worth intelligence firm. Harvard produced nearly three times more billionaires with MBA degrees than Stanford University, the runner up and more than four times as many as Columbia University, the No. 3 ranked school. Of the 2,325 billionaires in the world, two-thirds have received a tertiary education, with approximately 21% of those getting their MBA degrees. Half of those have obtained their MBA from one of the 10 institutions named on the Wealth-X list. Top universities in the U.S. aren’t the only schools producing billionaires. Three international institutions made the Wealth-X list – France’s INSEAD, Switzerland’s International Institute for Management Development and the London Business School. Curious about the MBA programs that produced the most billionaires? Click through to see which schools can make you filthy rich. 10. London Business School Number of Billionaire MBA Alumni: 4 Notable Billionaire Alumnus: Kumar Mangalam Birla, chairman of Aditya Birla Group, one of the largest conglomerates in India. Net Worth: $9.2 billion. 9. International Institute for Management Development (tied with No. 8, University of Southern California) Number of Billionaire MBA Alumni: 5 Notable Billionaire Alumnus: Susanne Hanna Ursula Klatten, daughter of German industrialist Herbert Quandt. Net Worth: $15.3 billion. 8. University of Southern California (tied) Number of Billionaire MBA Alumni: 5 Notable Billionaire Alumnus: Ivan Glasenberg, CEO of Glencore Xstrata, the Swiss commodity trading and mining company. Net Worth: $5.9 billion. 7. New York University Number...

The 25 Most Successful MIT Business School Graduates...

The Sloan School of Management at the Massachusetts Institute of Technology has powerful connections throughout the world, as evidenced by the 92% of the Class of 2013 with job offers within three months of graduation. Sloan was founded in 1914 and is named for Alfred Pritchard Sloan, the MIT grad who drove General Motors to dominance in 23 years as a CEO. The school turns out private and public sector leaders like former United Nations Secretary General Kofi Annan, Israeli Prime Minister Benjamin Netanyahu, and Microsoft chairman John W. Thompson. Here are 25 of the most successful Sloan grads: John S. Reed, Class of ’65, served as the CEO of Citigroup and the chair of the New York Stock Exchange. Today he’s the chair of the MIT Board of Trustees. William A. Porter graduated from Sloan in 1967, and he changed market history in 1982 when he founded ETrade. A 1971 Sloan grad, Donald Fites served as CEO of Caterpillar, Inc. from 1990 to 1999. Kofi Annan graduated from Sloan in 1972. He served as Secretary General of the United Nations from 1997 to 2006. Judy Lewent, Class of ’72, became the first female CFO of a major corporation when she joined pharmaceutical company Merk & Co. in 1980. A 1975 Sloan grad, Philip Condit served as the CEO of Boeing from 1996 to 2003. Benjamin Netanyahu graduated in 1976, and he’s gone on to be elected prime minister of Israel three times, a position he currently holds. Keiji Tachikawa got his MBA in 1978. He’s president of Japan’s version of NASA, the Japan Aerospace Exploration Agency (JAXA). Magid Abraham got his MBA in 1981. He founded Comscore, the market analytics company, in 1999. A 1982 Sloan grad, Alan...

The 25 Most Successful Harvard Business School Graduates...

If you want to be an executive, billionaire, or US president, it’s a good idea to graduate from Harvard Business School. Founded in 1908, HBS was the first institution in the world to grant a Masters in Business Administration. The Harvard MBA has since been a hallmark of the elite, with George W. Bush, Mitt Romney, and Michael Bloomberg all earning the degree. We sifted through HBS’s sterling history to find the most powerful, prominent, and financially successful grads that came out of Cambridge: Walter Haas, Jr., Class of 1939, succeeded his father as the CEO of Levi Strauss & Co. He grew Levi’s from a regional California brand to one of the world’s biggest apparel companies. 1939 MBA Robert S. McNamara served as the US Secretary of Defense during the Vietnam War. After nabbing his MBA in 1942, Philip Caldwell took over as the first non-Ford to run Ford Motor Company, where he led one of the biggest turnarounds in American business history. Stephen R. Covey, Class of 1957, become tremendously influential after publishing his bestselling book ‘The Seven Habits of Highly Effective People.’ Robert Kraft, MBA graduate of 1965, is the chairman and CEO of the Kraft Group, which most notably owns the New England Patriots. He’s worth an estimated $4 billion. Michael Bloomberg finished his MBA in 1966 and went on to found financial data company Bloomberg in 1981 and serve three terms as New York Mayor. He is worth an estimated $34 billion. George Kaiser graduated from HBS in 1966 and is the chairman of BOK Financial Corporation. He’s worth an estimated $10 billion and his foundation donates over $40 million a year, mostly to early childhood education. Henry Paulson finished his MBA in 1970,...