Articles from StreetWise

Glassdoor for MBAs and Startups

One of the big issues with employment review websites, such as Glassdoor, is that feedback is usually submitted only by those who had a really great, or really bad, experience at a company. And feedback is so general, it doesn’t offer an accurate snapshot for people with diverse backgrounds: A business school student fresh out of undergrad sees the same salary range as someone with an MBA, for example. Smaller companies and startups without many employees, aren’t as well represented as major corporations. University of Chicago Booth startup TransparenC is hoping to change that with curated career sites. They’re starting with a website tailored to MBA students, called TransparentMBA, but they anticipate expanding their platform to law, engineering, and tech among other niche job seekers not served by general career sites like Glassdoor and Linkedin. The idea first came to Mitch Kirby, a UChicago Booth student, last fall when attempting to look for jobs post-graduation. Glassdoor felt like “information overload” he said, and most of the aggregate information didn’t give him an idea of how his qualification–an MBA from a top-ranked business school–would translate to a position or compensation. So he decided to create a platform that gave more granular information on companies and careers for MBA students (he coded it himself), and see if his classmates were interested. They were: about 50 percent of Booth students quickly signed up, he said. Profiles for companies, jobs, and industries are built through feedback that users provide, which they’re required to submit when signing up for the platform. Users can see feedback such as expected compensation, satisfaction rates, and culture fit for an MBA at a given company and position. They can also compare the experiences at the industry level. Kirby...

Top Tips for Meeting an MBA Admissions Officer Face-to-Face...

You’re dressed in your best business attire, you have a flawless resume in hand, and you’re ready to network! Yet, when you approach the booth for your dream school your mind draws a blank. What do you say? How do you make the best first impression? Meeting Admissions Officers face-to-face can be intimidating, but if you prepare ahead and follow these tips it will easily become second nature. 1) Do Your Research Before attending the event take note of the schools that will be there. Highlight the ones that you are most interested in and do research online about specific programs, classes, admissions processes, etc. Most answers to common questions (grades, requirements, scholarships) can be found online. You’ll want to formulate questions that will be of value in a conversational setting. For example, instead of asking if the GMAT is required, ask about the competitive advantages of the school’s MBA program. This probing question will provide the basis for a better conversation. 2) Practice Your Pitch Take a few minutes to write down why you are interested in doing an MBA. By putting your goals down on paper you’ll be able to better articulate them to the Admissions Officers you meet. Be clear and concise when introducing yourself. 3) Confidence is Key Remember, Admissions Officers are there to help you! They want to answer your questions and provide you with the best information possible. Be confidant when introducing yourself and speaking about why you are interested in that specific school. 4) Relax! The more at ease you are, the more information you’ll absorb, and the better your interactions will be. For more information on how to prepare for the event and advice from Admissions Officers, visit The MBA Tour’s...

5 Ways an MBA Makes You an Ideal Candidate

It’s never been better to be a young professional in Boston. The city has a booming tech scene, it houses some of the best companies in the country, and it’s filled to the brim with talented individuals. Yet, as with all good things, there’s a downside. Amongst the best and the brightest, how do you stand out? How do you snag a top paying job at one of these highly-ranked firms? If you’re asking yourself these questions, it might be time to consider an MBA. I know what you’re thinking. What can learning about business in an MBA program teach me that I wouldn’t learn in the workforce? However, there’s a reason MBA programs have been fundamental to successful business men and women since the inception of the MBA–which was locally done at Harvard–in 1908. An MBA allows you to develop fundamental skills that will help you succeed in your career and make you indespensable to an employer. Here are 5 ways an MBA will make you a standout candidate. You’re a Leader People Want to Follow Leadership positions are highly sought after in the business world. Not only because they tend to come with a flush salary, but also because they allow an individual to have a huge influence on the direction of the organization. MBA Programs recognize the importance of these roles and focus on developing highly skilled leaders. The curriculum is based around opportunities that encourage leadership and enable students to fully explore what it means to be an individual coworkers respect and listen to. You’re an Entrepreneur who Uses Innovation to Find New Opportunities Entrepreneurship isn’t just about independently starting your own business. It’s a mindset. Entrepreneurial thinking is a way to see the world...

Want An MBA For Free? Check Out These Illinois University MOOCs...

Massive Online Open Courses, better known as MOOCs have long been known for their silly name and idealist view on democratizing the college education. This week, one Illinois university gave MOOCs a little bit more cred. University of Illinois Urbana-Champaign announced it would offer all its MBA courses online, for free. That means you can essentially get an MBA from UIUC, ranked in the top 50 nationwide, without paying a dime. Unless you actually want the degree– that will cost you about $20,000, the university said. Regardless, opening up their MBA program as a MOOC is a great way for you to gain a lot of knowledge, on the cheap. And UIUC is not the only Illinois university offering popular online courses for free. Whether you’ve got some extra time on your hands, or are just looking to gain a new skill, MOOCs from a top university can be the way to go. Here are the top MOOCs from universities in Illinois: iMBA from University of Illinois Urbana-Champaign The flagship University of Illinois school made headlines for offering its MBA program online on Coursera, and rightfully so. Starting in June, MOOC-only students get to sit in on classes such as managerial accounting, and focus on specializations such as Leadership and Management, and Entrepreneurship and Innovation. What’s even better is that you can actually get a degree from the university via Coursera, but you will have to be admitted to the certificate program and pay about $1,000 per course. That’s a total of $20,000, which may seem like a lot, but the on-campus price ranges from $50,000 to $100,000. You also get special support from faculty and advisors that students who don’t pay won’t get. Right now UIUC is only...