MBA Perfect Placement
The happily employed University at Albany MBA class of 2012.
Employment rates for MBAs are increasing. According to U. S. News “On average, nearly 80 percent of full-time students were employed three months after graduating in 2012, according to data reported by 140 ranked business schools in an annual U.S. News survey.” The University at Albany School of Business full-time MBA program well-exceeded the average with a 100% job placement rate, a distinction shared with three schools: Clarkson University, Oklahoma State University (Spears), and University of Tulsa (Collins).
Melissa Palmucci, Director of Campus MBA Programs believes that the perfect placement statistic is a big factor in the UAlbany MBA making the U.S. News top 100 ranking for the first time in the history of the program. The program is ranked 86th among 448 AACSB accredited schools considered for the distinction.
U.S. News also stated that,” MBA programs are capitalizing on the recovery by partnering with alumni and building relationships within the local business community and some b-schools have been more successful than others.”
Palmucci placed credit for placement success with the experience-heavy program, the School of Business Office of Career Services, professor contacts, “a terrific alumni network” and the students themselves. She noted that work experience is built into the program, created specifically for young people just starting their careers. Palmucci said, “We give them such great work experience while in the program and they had well-developed resumes. Combined with a more robust job market, the stars aligned and it was an especially good year.”
She noted that the School of Business Office of Career Services begins providing career advice even before the first week of classes. Palmucci said, “Deirdre Sweeney (Director of Career Services) meets with them at orientation. Through that relationship they start considering part-time jobs and internships.”
Going Green Globally, a required class, provides solid work experience as students serve as consultants to local companies. In addition, many students work internships in the summer between the first and second year of the program. When they return in the fall, management and information technology departments offer full-year field projects in their chosen field.
Ample experience results in impressive resumes. But it takes more than a jam-packed resume to get a job. Palmucci notes that the Class of 2012 included some highly motivated individuals. Three quarters of them worked part-time jobs or internships while in school. She said, “They were very involved. Some went on to compete in national business competitions. We had a lot of self-starters.”
Thirty-four students graduated in 2012. Nine were employed by large firms: Ernst & Young, PricewaterhouseCoopers and General Electric, two began doctoral programs at UAlbany, another graduate went on to teach in the School of Business, and the remainder were hired by small and medium size companies. The program is growing --this fall 43 students started work on their MBAs.