Hartford Business Journal – The University of Connecticut recently promoted Meg Warren to director of the full-time MBA Program in the Graduate School of Business.
Meg Warren, of South Windsor, has been appointed director of the Full-time MBA Program at UConn’s School of Business.
Warren has been an integral part of the success of the program, which is now ranked among the Top 25 public MBA programs in the nation by U.S. News & World Report. The typical graduate of the program begins work with a base salary of more than $101,000. The program, which has approximately 100 students from Connecticut and across the world, is located in downtown Hartford at 100 Constitution Plaza.Continue Reading
The full-time MBA program at the University of Connecticut School of Business is among the “Best MBA Programs for Value” in the country, according to Poets and Quants, a news website specializing in business-school evaluations.
In an article released May 9, the web site highlighted the program after reviewing research by several other studies that evaluate programs using different methodologies. The UConn program ranked No. 13 by Value Colleges and No. 21 by GraduatePrograms.com.Continue Reading
A team of four UConn MBA students were awarded First Place and Grand Champions in the APICS Northeast Business Case Competition in Albany, N.Y., last month. This is the fourth time that a UConn MBA team has been awarded top honors.
The winning team members are first-year MBA students Jason Harris, Akhilesh Kumar, Jared Siraco, and Yogendra Bhosrekar. As a result of the win, the team will next compete in the Global APICS Competition which will be held in Las Vegas in October. Continue Reading
The University of Connecticut School of Business has been ranked among the Top 50 “Best Graduate Business Schools” for 2016 by U.S. News and World Report.
The Full-time MBA Program is ranked No. 48 nationally. Among public colleges and universities, UConn ranks No. 23, up from No. 28 last year, and was the top program in that category in New England, according to the same report.
This is the fifth consecutive year that UConn has improved its standing, and the first time it has been in the Top 50.
“The annual improvement in our rankings, for the last five years, reflects our persistent efforts at continuous improvement,” said School of Business Dean John A. Elliott. “I appreciate the investment by faculty, staff, students and employers that have produced these improvements.”
Meg Warren, interim director of the Full-time MBA Program, said the Top 50 ranking is a tribute to the entire School of Business.
UConn career services experts credited this success to well-prepared students who are ready to roll-up their sleeves, who have had meaningful internships, and a powerful and committed alumni team who are networking, coaching and hiring new grads.
Dean John Elliott has emphasized the power of this package. “Increasingly our courses and degree programs are designed and changed based on advice from committed alumni and other corporate friends, who help ensure that our students have the best education we can provide. Moreover, they step forward to mentor students and help open doors to them as job candidates. Of course the ultimate job offer is something the student earns and that is as it should be.”
MBA Graduates Averaging $101,000 Salaries
Graduates of the Full-time MBA program had great employment success, with 76 percent having jobs at graduation, and 94 percent having a job within three months of graduation. The mean salary was $101,562. The average student commanded a starting salary that was almost 12 percent higher than 2013 graduates. The highest salary reported among new graduates was $160,000.
New graduates from the MBA program also reported significantly larger sign-on bonuses as compared to their counterparts from 2013.The mean sign-on bonus for 2014 was $19,500, up 63 percent from 2013.
U.S. citizens reported higher salaries than foreign nationals, earning an average of $102,500 a year to the foreign students’ $95,000. However, the foreign students saw a 25 percent increase in their average base salaries compared with their counterparts from the previous year, indicating that the pay gap is closing. “We are recruiting stronger international students with great communication skills, and employers are recognizing their talent and hiring them,” said Meg Warren, assistant director of the MBA Career Development Office. All the foreign nationals accepting a job, did so in the United States.
“What we think is really impressive is that the jobs MBA candidates are accepting are diversified,” Warren noted. “Our students are getting great regional jobs, but also accepting challenging jobs across the country. Our students are fighting for competitive jobs, and getting them. We are a small program, but we’ve kept our admission standards at a high level, which, in turn, impacts successful job placement.”
Top companies like GE, T-Mobile, Paypal/eBay, Pitney Bowes, Philips, Prudential and The Hartford are regularly recruiting from the School of Business’ MBA program, she said.
“I don’t know what we’d do without our alumni,” Warren said. “They give generously of their time and willingly converse with our students. This has strengthened students’ preparedness and therefore affects the bottom line: securing a meaningful internship or job.”
Undergraduates Boast 77 Percent Employment
Undergraduate students also fared well in employment. Three months after graduation, 77 percent of those seeking employment had secured jobs. The average salary for student full-time hires was $55,683, but UConn business school graduates received offers up to $75,000 in management information systems and $70,000 in finance.
“The School of Business’ reputation has grown each year,” said Lorraine Liswell, program manager for the Undergraduate Career Development Office. Many more employers are coming in, hoping to interview students on campus, she said.
“Companies find UConn students competitive and willing to roll up their sleeves and go to work,” she added.
Many recent graduates are staying in Connecticut, or nearby in New York or Massachusetts, she said. She’s noticed that new alumni are gravitating to “rotational programs” in large companies that allow them to experience four or six different roles before selecting the one that best suits them.
Kathy Hendrickson, assistant director of the Undergraduate Career Development Office, said she’s noticed a change in undergraduate students, who arrive on campus with long-term plans.
“Freshmen are walking in our door and asking about the job-search process within the first few weeks of arriving on campus,” she said. “They’re asking what they need to do to land an internship as a freshman. This type of energy and preparation at the beginning of their college career makes them stronger candidates for landing competitive jobs.”
Likewise, the corporate community is also focused earlier in the process, and many firms are beginning the process of talent identification and relationship building in the freshman or sophomore year, earlier than ever before, Elliott noted.
More than ever, UConn faculty and alumni are invested in helping undergraduate students find good jobs right out of school, she said. For example, marketing professor Bill Ryan invited representatives from Whirlpool in Michigan to meet students, and this relationship helped create new internships and led to some students obtaining full-time positions.
“We also have a strong alumni base that consistently pushes the needle at their organizations to hire more UConn alumni,” Hendrickson said. “Dan Toscano ’87 at Morgan Stanley, and Tom Marshella ’79 at Moody’s, and Shapleigh Smith at Citi are examples of alumni who take a personal interest in the success of our students. It is a team effort that helps the School of Business students to compete and succeed in the job market.”
Alexion Pharmaceuticals, Blum Shapiro, Travelers and Priceline.com were just some of the companies seeking employees and interns at the inaugural Career Connections event for graduate business students at UConn.
More than 200 candidates earning advanced degrees in business—including MBA, Master of Science in Business Analytics and Project Management, Master of Science in Financial Risk Management and Master of Science in Human Resource Management—attended the November 12 event, which was at the UConn School of Business Graduate Business Learning Center (GBLC) in downtown Hartford.
Also among the 16 companies in attendance were: Aetna, Boehringer Ingelheim, Fiduciary Investment Advisors, Fitch Ratings, GE, The Hartford, Henkel, Infosys, iTech Solutions, Northwestern Mutual, Stanadyne Corp. and VoiceGlance.
All companies were represented at the career-fair style gathering on the Observation Deck, where students were able to talk individually with each company representative. Almost half of the companies also chose to offer a presentation in one of the adjoining classrooms, where interested students were able to learn more about each organization and possible career paths. In addition, companies were able to interview immediately in private conference rooms.
“This highly attended, successful event demonstrated the positive impact of having all graduate business programs together in Hartford,” said Meg Warren, assistant director of the Graduate Career Development Office. UConn’s Full-time MBA program recently moved from Storrs to Hartford. “Recruiters and hiring managers alike were pleased to see the range of graduate business talent all under one roof, in one venue.”
The School of Business has relocated its Full-time MBA program to Hartford, a move that will give students more professional opportunities as well as the chance to learn alongside other UConn graduate students.
“We are thrilled that the UConn Full-time MBA will be part of the Hartford business community, allowing for the program to continue its tradition of providing excellence in graduate education,” said Rajendra Shirolé, director of UConn’s Full-time MBA program.
In the past, the students took their first-year courses in Storrs and completed the program in Hartford and sometimes Stamford. The dual campus set-up wasn’t popular with MBA students.
“The biggest reason for the move is to put first- and second-year students together,” said Professor Mary Caravella, who chaired a task force that recommended the consolidation.
“We chose Hartford because we wanted to put them together with students from the part-time and specialized masters’ degree programs. By working together, on the same campus, it gives them all the means to be successful.
“Both Storrs and Hartford are great locations, each with many strengths,” Caravella said. “But Hartford offers both close and broader connections with the business industry, and will certainly help our students with job placement.”
The program will be housed in the Graduate Business Learning Center in downtown Hartford, and its new offices can be reached at (860) 728-2440.
“This is a positive move on multiple fronts, including networking among all graduate business students and also engaging with alumni and employers in the Hartford area,” said Meg Warren, assistant director of the Graduate Career Development Office (CDO). “Our students are excited about it. There’s now an opportunity for the Full-time MBAs to network with professional students in the Executive and Part-time MBA programs as well as the MS in Business Analytics and Project Management and MS in Financial Risk Management programs.
Warren has met with representatives from Cigna, Aetna, Prudential and more, and all are pleased that the Full-time MBA program will be housed so close to their workplaces. In addition to hosting corporate information sessions and interviews in Hartford, the CDO and MBA Program Office work closely with the School of Business Alumni Relations Office which offers a number of alumni networking events running from August through March. Warren said, “Having the Full-time MBA Program in Hartford makes it much easier for students to attend these important programs where they can connect with alumni from target companies they want to learn more about. Building relationships with our School’s alumni is a vital part of our program.”
Alumni and other executives can visit for coffee, lunch, or for more structured programs in the evenings that will interest all graduate business students. Meanwhile the Full-time MBA students can easily go on corporate site visits from the downtown campus. “Overall, the employer’s ability to engage with our students has just become a lot easier. Storrs may only be a forty-minute drive, but it’s much easier for a hiring manager or an alum to have morning coffee before the workday begins or come by the GBLC for their lunch hour than it is to ask them to take a half-day from work to venture out to Storrs,” Warren said.
“From the moment they arrive, we tell our students that networking is critical for an effective job search. Students must start having conversations with people from industry or job functions that interest them,” Warren said. “This is necessary as 75-80% of jobs are filled as a result of networking. Being in Hartford allows us to offer more built-in opportunities for student and employer engagement.”
With the arrival of the new academic year, the School of Business is hosting an Alumni and Student Networking Reception at 6 p.m. Aug. 21 at the Society Room of Hartford, 31 Pratt Street. Melinda Brown, ’77, ’85 MBA, senior vice president and corporate controller for Coach Inc. will be the guest speaker. Brown joined Coach Inc. in 2012, after a 29-year career with PepsiCo.
For the second year in a row, UConn MBAs won first place in the APICS Northeast Supply Chain Business Case Competition held this year February 7-8, 2014 in Albany, NY.
The winning “Grand Champion” team, comprising Jaimin Bhatt ’15 MBA, Mohit Ganotra ’15 MBA, and Bhupender Singh ’15 MBA, will represent the Northeast District in APICS International Student Team Competition scheduled for October in New Orleans. Continue Reading
On a crisp October morning, more than 400 students and employers participated in the School of Business’ Second Annual Business Career Expo. The event, which was designed to complement the successful career fairs hosted by the UConn Center for Career Development, featured a multi-dimensional format designed to enhance personal connections between students and those employers who specifically seek School of Business undergraduate and MBA students.
Students were advised to come to the Business Career Expo prepared to talk about their personal passions such as sports, clubs, hobbies, musical interests, community service, and unique pursuits. Employers were invited to tell stories reflecting their company culture including team sports, community service initiatives, and distinctive company activities or efforts. Students were encouraged to understand the differentiators between companies and in return to highlight the differentiators between themselves and other business students.
In their introductory remarks, the School of Business Career Center (SBCC) team encouraged the crowd to think beyond traditional career fair conversations. “Our students are more than their GPAs, and our corporate partners have more to offer than job postings; we invite you all to find those compelling reasons for connecting here today,” announced Kathy Hendrickson, assistant director of the Undergraduate Business Career Center.
In order to encourage this unique dialogue and to highlight personal passions and talents beyond academics, the event was opened with a performance of the national anthem by the Conn-Men. The Conn-Men is a student a cappella group who performed at the inauguration of UConn President Susan Herbst, and has also recently won the UConn A Cappella Competition. Their inspiring performance launched the morning discussions in a manner which brought immediate energy into the room and the conversations. Employers Jodi Culberston, Northwestern Mutual, and Sean O’Connell ’83 (CLAS), ’92 MBA, GE, were just two of the participants who expressed enthusiasm and appreciation for the unique introduction to the day and the manner in which it immediately facilitated conversations with students.
The full agenda included an open forum in the Student Union Ballroom and 18 concurrent individual employer sessions. The event culminated at 1:30 p.m., when the Conn-Men returned for a half-hour performance for all students, employers, faculty, and staff of the School of Business who participated in the event. Meg Warren, assistant director of the MBA Business Career Center, concludes, “In terms of connecting students and employers in a personal way, the day was a resounding success!”