Career Services News
Students Find Success in Diverse Functions and Industries
A combination of networking, concerted effort on the part of Chicago Booth, and students’ willingness to reach out and broaden the functions and industries of their job searches last year led to job offers for students despite a distressed global economy. “Full-time employment statistics for the class of 2009 and internship numbers for the class of 2010 represent job searches that took place in an exceedingly difficult environment, but our students did well,” said Julie Morton, associate dean for Career Services. “They persevered, they remained positive, they supported each other, and they were successful.”
Within the class of 2009, 87 percent had landed an offer three months after graduation; the offers spanned 32 functions, 38 industries, and 22 countries. The diversity of industry interest is a vivid demonstration of Chicago Booth’s relationships with more than 500 firms, Morton said. While interest in consulting, financial services, and consumer products remained strong, graduates also pursued careers in technology, energy, health care, and retail, for example.
With internships, the diversity was even more pronounced, much of it attributable to “pure interest,” she said. In a typical year, some 70 to 75 percent of students pursue internships in five or six functions; this year, only 63 percent were concentrated in the top five (consulting, investment banking, investment management, strategic planning, and marketing). Such functions as private equity, company finance (both analysis and treasury roles), general management, and business development drew significant numbers of students, Morton said.
This past summer, 11 percent of students held unpaid internships. “This was a definite sign of the times; in past years, this percentage has been negligible and not a number we’ve tracked,” she said. In addition, Chicago Booth helped support summer expenses for students who landed internships in the public or not-for-profit sectors and more than doubled the number of entrepreneurial internships that were co-funded.
In addition, Chicago Booth increased resources for employer outreach by adding 4.5 positions to Career Services’ employer development team. “Job postings more than doubled as a source of internships, and school-facilitated sources remained critical to students’ success,” Morton said.
Broad Reach Adds to Career OptionsInterest in global careers remained strong. More than 22 percent of the class headed to jobs outside the United States — some 10 percent of the class of 2009 pursued careers in Asia, and another 9 percent headed to Europe. London was among the most popular destinations.
Employers and prospective employers posted jobs and came to campus to interview. Representatives from many organizations, including those unable to hire students, sat on panels and hosted students at firm visits. Morton said such participation played an important role. “When students learn more about the specifics of a new function or industry, the information ultimately contributes to their recruiting success, whether the specific firm is hiring or not. ”—P.H.
Career Transition Workshops Expand to New Cities
Boston and Washington DC were added to the list of cities where Chicago Booth is offering career transition workshops this spring. Hosted by Career Services, these workshops are designed to let alumni network with and draw on the considerable expertise of fellow alumni while brushing up on career development skills.
The workshop helps participants through several stages of the career management process. Alumni assess their skills, values, and accomplishments to develop a career focus. They then receive guidance on crafting an effective transition story, writing a resume, and creating a job search plan. Each part of the workshop is enhanced by the alumni network. With solid advance registration, the February 6 event in Washington DC was set to be a success, Morton said.
Workshops are planned for Boston and New York in March and Chicago in June.—P.H.
London Team Expands
Monica Piercy joined Career Services last fall as career management director, Europe. Piercy previously led the career services office for Imperial College Business School, where she worked primarily with executive and weekend MBA students as well as alumni. While with Imperial, Piercy helped increase employer relationships with the school four-fold.
At Chicago Booth, Piercy collaborates closely with Penka Bergmann, who leads European outreach and development initiatives on behalf of Career Services and Alumni Affairs and Development.—K.F.
Alumni Offer Advice Through Executive-in-Residence Program
Alumni willing to offer career advice have participated in Executive-in-Residence, a program that calls for them to spend a day mentoring students and fellow alumni.
Among those who have volunteered their time are Howard Brandeisky, ’85; Lester Johnson, ’98 (XP-67); and Robert Nagel, ’63, who worked with associate dean for Career Services Julie Morton to develop the program. “We need alumni whose MBA has opened doors to share what they know,” he said. “They can provide something of value that dollars alone cannot.”
Alumni who act as executives in residence talk with a group of about 20 students over breakfast, then spend the rest of the day meeting with small groups or individuals in one-on-one sessions. Topics range from what work is like in certain industries to how to deal with difficult bosses, Nagel said. In the exchange, those who volunteer learn what’s going on at the school, an experience that strengthens the Booth community, he said. “I personally see this as a way to pay back the school for the great difference it has made in my own career, and I think many alumni have the same goal.”
For information on the Executive-in-Residence program, email Katherine Darius.—P.H.
Global Employer Development Team Expands
Career Services has further expanded its employer development team with the appointment of Allison Jordan to lead outreach activities in the Chicago area and northeast United States. “We now have a global team of front-line employer development representatives,” said Jessica Henry, senior associate director, Career Services.
New responsibilities for Jordan, a staff member since 2007 who was recently named associate director, employer development, include partnering with alumni leaders and current students from the two regions to craft outreach strategies to connect with prospective employers.
Performing similar functions in different areas around the globe are Nima Merchant, western United States; Matt Reischauer, central United States, Canada, and Latin America; Leslie Taylor, ’02, Asia; and Penka Bergmann, Europe. Jordan continues to oversee the global Chicago Conversations series, a program organized with Admissions and the Office of Alumni Affairs and Development.—K.F.