► Preface:
Recently, all major lists are actively taking stock, QS just released the university rankings some time ago, and PH job search has also pushed relevant analysis:
QS World University Rankings by Subject 2024 Released! The top 55 colleges and universities in these disciplines are...
This time, US News followed suit, and what changes have been made in the graduate rankings of the most popular business schools, let's take a look~
US News official website
►Business School Rankings:
This year's business school rankings have added a new ranking factor: salary by occupation, which accounts for 10% of the weight. There is a need to evaluate the average salary of business school graduates in different industries compared to other business schools.
For many years, the school has been providing advice to the U.S. in accordance with the MBA CSEA guidelines. News & World Report reports the starting annual salaries of its graduates by occupation, which are as follows:
Consulting 咨询
Finance/accounting 金融/会计
General management 管理
Human resources 人力资源
Marketing/sales 市场/销售
Information technology 信息技术
Operations/logistics 运营/物流
Overall, the addition of this new ranking factor shows that the U.S. News places more emphasis on employment salaries when measuring business school rankings. The adjusted business school ranking factors and weightings are as follows:
Graduate employment rate (down to 7% vs. 10% previously)
Employment rate three months after graduation (down to 13% vs. 20% previously)
Average starting salary and bonuses (20%)
Salaries by occupation (10%, new indicator)
Quality Assessment (25%)
Student choice (25%)
The top 30 best business schools in 2024 are as follows:
► Stamford Bin Double Champion:
Stanford & Penn tied for first place
Remember last year's list, the University of Chicago's Booth School of Business took the top spot. This year, however, there was a tie for first place, with Stanford and Penn pocketed, and the University of Chicago tearfully slipped to third place.
Stanford University's Graduate School of Business has grown rapidly, from sixth place last year to first place, which is directly related to Stanford's absolute advantage in employment and salary. According to Stanford's 2024 employment report, 89% of students received full-time offers, with a median annual salary of $182,500 and a median bonus of $5w.
Stanford 2023 Employment Report – Salaries
Among the many industries that graduates go on, the top three industries with the largest number of people and salaries are Finance, Technology and Consulting. Among them, Finance has the highest average starting salary, with 20w dollars.
Stanford 2023 Employment Report – Industry Salaries
In addition to the surprises and surprises in the top three, there are some noteworthy changes to this list:
Washington University in St. Louis排行第26名，上升11名
University of Pittsburgh直接从86名上升至47，直升39名
UT-Austin dropped 11 spots to No. 38, dropping out of the top 30
The full list can be found at: https://www.usnews.com/best-graduate-schools/top-business-schools/mba-rankings
►Job search strategy for business projects:
After all, many of them are master's programs of about 1 year, and everyone should be prepared to find a job before the start of school.
Basically, as soon as the school starts, you have to start changing your resume, and while completing your studies, you are facing a lot of pressure to find a job, which is really a big challenge, so at this time, long-term planning and mentality adjustment are very important.
The following are all strategies written by the seniors who graduated from the corresponding program, which is very helpful for everyone to choose which program to study in and for the students who are studying to grasp the rhythm of job search.
MIT MBAn
WITH MFin
Oxford MFE
Duke MQM
Cornell Metalworkings
Berkeley Analysis
UCLA MSBA
USC MSBA
Emory MSBA
CMU MSCF
CMU MSBA
哥大QMSS
Columbia MSFE
Columbia MSBA
The content includes but is not limited to project introduction, employment situation, timeline, job search resources, course selection strategy, study experience, geographical location, etc.
►Business job search strategy:
Many students don't know what to do when they get an offer at this time, but in fact, this time is the golden period for preparing for job hunting. On the one hand, there is not too much course pressure, so you can make a more reasonable job search plan and arrange the time to brush up on questions; On the other hand, as the current job search timeline gradually advances, preparing early can make you more organized during the job search season.
For example, the following things can be prepared in advance:
Collect company job information
Including the job direction of the job is posted by a well-known large company this year, Job Description (JD) and deadline. On the one hand, collecting this information can allow you to start preparing for relevant skills, for example, if the JD indicates that the applicant needs to be proficient in statistics and machine learning, students who lack this background can study and supplement online classes in advance.
Take Quant Gang as an example:
Quant Researcher Job Description
On the other hand, knowing the application deadline allows you to have better control over the order and rhythm of your applications, so that you will not miss an application for a position in a certain company, or find that the deadline is about to be completed but your resume has not been written.
Prepare your resume
In the job search process, the quality of the resume is very important, because whether it is machine screening or HR screening, only a good resume can pass this first hurdle. If the resume is not written well, it will basically miss the next round of OA or interview, and no matter how many questions you swipe, it will be in vain.
In the summer vacation, you generally have a clear memory of past internships and courses, and you can use this opportunity to arrange your past experience and write a resume, and deliver it to the company that ends in the summer vacation or the company that ends at the beginning of the semester in an orderly manner.
Common resume formats
Look for internal referrals
Another thing to do during the summer vacation is to look for opportunities to make internal referrals in advance. In the process of company recruitment, because the competition for MFE positions is often very fierce, a position may receive hundreds or thousands of applications, and if it is pitched overseas, it will be selected in a unified pool with thousands of candidates, which is easy to be ignored by HR. Even if the submission is too late, HR will no longer continue to screen the remaining resumes after screening the previous part of the resume and accumulating enough candidates. However, the internal referral application will generally have a separate pool, which is easier to be seen by HR, so as to improve their chances of getting an interview.
Actively look for internal referrals
PH job search not only has a strong team of mentors, but also has a lot of internal referral places from many companies, and some of the internal referral company lists:
Tech：Meta, Microsoft, Amazon, Apple, LinkedIn, Google, Pinterest, Airbnb, TikTok, Uber, Snapchat, Roku, Capital One, Adobe, Dell, IBM, Nvidia, Snowflake, Doordash, Coinbase, Affirm, W.W.Grainger, Instacart, Indeed,Block
医疗：CVS,NorthStar Anesthesia，诺和诺德
咨询：BCG, McKinsey, Bain, EY, PwC
金融：Goldman Sachs, JPM, UBS, Credit Suisse, Barclays, Citi, RBC,BlackRock, Blackstone, Invesco,Vanguard, Cubist,Millenium, Sqaurepoint,Santander Corporate & Investment Banking
Students who want to consult internal referrals can send private messages in the background~
Brush questions
For the application of MFE-related positions (Buyer and Seller Quant Research, Quant Trading, Quant Developer), brushing questions is a very necessary part, although most companies have different focuses in the interview, and the probability of the same question is not large, but on the whole, sellers tend to ask about option pricing and random calculus related calculations; Buyers, on the other hand, are biased towards statistics, probability, algorithms, and machine learning. After brushing a certain number of questions, you can basically summarize some routines for questions in all directions, and there are rules to follow when answering.
For the selection of the source of brushing questions, it can be roughly divided into the following two categories:
1) Due to the update of the company's interview question bank, brushing the recent interview can give you a certain chance of encountering the original questions in the future interview, and at the same time, don't let go of the interview experience in the past few years, because the type and difficulty of the questions are often the same, which is a good opportunity for learning and preparation. The only drawback is that you don't know the answer, but you can often gain a lot from the process of building your own ideas or discussing with your classmates. On the source of the face warp, one is the well-known one-acre and three-point land, which can be searched by entering the company's keywords; One is to ask seniors or classmates who have met relevant positions in the past, and they can often learn more about the experience.
2) Interview books include the well-known "A Practical Guide to Quantitative Finance Interviews" (Little Green Book), as well as other Little Red Books, 150 Questions, etc. Although the questions in these interview books are generally from many years ago, the above demonstration of the classification of question types and problem solving routines is very complete, and many companies will still ask questions after changing the numbers from the relevant questions in these books in the interview, and some will even ask the original questions directly. If you can eat all these books in advance during the summer vacation, you will actually be able to win most of the interviews. For many PH tutors, the little green book is always new, and every time you go through it before the interview, you can find that you have not been able to understand the points well before.
《A Practical Guide to Quantitative Finance Interviews》
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