Welcome to Monday! To get the week started, let’s check in on a couple of news items from the MBA world.
To start, MIT Sloan’s Leaders for Manufacturing Program (LFM) announced the addition of five new corporate partners, including Amgen, Pepsi Bottling Company, and Spirit AeroSystems. Students participating in the LFM Program earn an MBA and a Masters of Science in Engineering in just two years of full time study. Because participants must forego the typical MBA summer internship in order to complete their dual coursework, the program instead arranges internships during the academic year with one of LFM’s two dozen corporate partners. In return for the internship support, all LFM partners provide generous fellowships for the program’s students. This arrangement allows the partner companies to benefit from the new ideas of the LFM students and get an inside track in recruiting the program’s specially trained managers. For LFM students, the internships provide an opportunity to apply academic lessons to the real world, build a professional network, and offset the cost of the degree program. The program, which began in 1988, now boasts 26 partner companies and enrolls 45 to 50 new students each year.
One of the big news stories of the last week was the end of McKinsey’s 11 year reign as the company where MBA graduates would most like to work. Fortune Magazine’s annual ranking of the 100 most desirable MBA employers placed Google on top for the first time ever, bumping McKinsey down to the number two slot. Commentators believe that part of the reason behind Google’s upset is the growing demand among MBA graduates for a high quality of life outside of work – something they have a better chance of finding with Google’s beautiful California location and well-known corporate perks than they would at a traditional investment bank or consulting firm. To see the full list of the 100 most desirable employers – which can be sorted by respondent’s gender or by industry, region, and other variables – click here.
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