Transcript NAME OF PRESENTATION - Wharton Alumni Club of Philadelphia

MBA Career Management
Long term Career Management for MBA Alumni:
Career Resources and Staying Connected to Wharton
Cara Costello, Senior Associate Director, Alumni Services
May 2009
SERVICE OVERVIEW
Alumni
(room)
Office Primary Contact
MBA (250)
MBA CM
Cara Costello([email protected])
Undergrad(255)
CS
Barb Hewitt([email protected])
Website
http://mbacareers.wharton.upenn.edu
http://www.vpul.upenn.edu/careerservices
Office Mission
Empower MBA students and alumni to achieve their short- and long-term career goals by
developing their life-long career management skills, cultivating employer relationships and
providing access to the highest caliber resources and job opportunities.
Office Objectives
• Provide realistic perspective on job search challenges
• Share tangible strategies and tactical advice for achieving success
• Uncover employment opportunities and make them as accessible as possible
AGENDA
Office Overview
Job Market Update
Job Search Resources
Career Development/Networking Resources
Opportunities for Alumni Involvement
Questions
MBA CAREER MANAGEMENT STAFF
Areas of Focus
Career Advisors
Consulting, Entrepreneurship
Rebecca
Hollander (interim)
Biotech/Pharmaceuticals/
Healthcare
Sara Simons
Investment Management, Hedge
Funds
Public Interest, Social Impact, NonProfit, Government
Recruiting Relationship
Managers
Jessica Glazer
Cara Costello
Virginia Jennings
Jennifer Savoie
Lauren Heath
Chris Higgins
Kristi
Schlegel-Miller
Consumer Products/Retail
Media & Entertainment
Programs and
Communications
Elissa Harris
Energy
Technology, Telecom/Wireless
Manufacturing, General
Management
Alumni Services
Employer Services
Michelle Hopping
Holly Jackson
Real Estate, Travel & Hospitality
Shannon Connelly
Private Equity, Venture Capital
Rebecca
Hollander
Investment Banking, Sales &
Trading, Diversified Financial
Services
Maryellen Lamb
Global Careers
Sam Jones
OCRS Coordinator
Tiya McIver
Anthony Penna
Front Desk
Jessica Wild
Varies
NEW CAREER INITIATIVES FOR MBA ALUMNI
• Created and filled 3 new full time office positions
− Global Careers Advisor, Associate Director-Employer Services and Senior Associate DirectorAlumni Services
• Launch of the Alumni Resume Book
− Over 1,300 MBA alumni resumes
• Creation of the new online appointment scheduling system
• New online resources
− Wet Feet Guides, Interview Stream, Wharton Alumni LinkedIn Network
• Location-specific programs offered
− NY alumni panel and advising sessions
− Global Forum presentations
− Reunion Weekend career programming
• Regional alumni club-specific programs offered
− NY Career Fair
− MBA Global Forum (virtual career fair)
− India Global Alumni Mentoring Network
• Increased domestic and international corporate outreach
− Visited over 25 cities across 12 countries and met with 330+ companies and 300+ alumni
AGENDA
Office Overview
Job Market Update
Job Search Resources
Career Development/Networking Resources
Opportunities for Alumni Involvement
Questions
HIRING OUTLOOK: Employer Perspective
•
•
•
•
•
Conservative approach to hiring
No room for over hiring – 1:1 headcount-hire ratio
Filling full-time positions with interns where possible
Decrease in on-campus recruiting activity
Sanders-Grassley Amendment concerns about international
applicants
• Large, competitive and experienced candidate pool of recent
MBA graduates available
7
HIRING OUTLOOK: Student Perspective
• 424 (63%) 2nd year students have reported receiving an
offer vs. 601 (82% ) students at this time last year
• Full-time employment rates comparable between
international and US students
• Median base salaries steady; downward pressure on
discretionary compensation
• Full time employment rates comparable between
international and US students
• Delayed start dates from ~10 companies, mostly consulting
firms; 4 rescinded offers (2 related to visa issues)
8
HIRING OUTLOOK: Alumni Perspective
• Over 100 alumni advising appointments in last 12 weeks
• Majority graduated within last 1-10 years
• Focused on layoffs in finance: banking, investment
management, hedge funds, private equity, real estate
• Concentrated in New York City
• Some considering global opportunities and contract work
9
AGENDA
Office Overview
Job Market Update
Job Search Resources
Career Development/Networking Resources
Opportunities for Alumni Involvement
Questions
MBA CAREER MANAGEMENT CAREER PROCESS
Offer(s)
Self
Assessment
Market
Research
& Strategy
Development
Networking
Resume(s)
Job Search
Letter(s)
Interviews
Offer
Management
Job Experience
•Alumni Advisor •Factiva
(Career Leader product )
•Other Self
Assessment
Resources
•MBA
Exchange
(company profile
section)
•Wetfeet
•Wharton Alumni •Guide to
Connect
Managing
Your
•Wharton
Career
LinkedIn Group (resume chapter)
•Regional
Alumni Clubs
•CareerSearch
Database
•Guide to
Managing
Your
Career
(job search
letters chapter)
•Interview
stream
•Guide to
Managing
Your Career
(interview chapter)
The
Alumni
Resume
Book
•Salary and
Relocation
Website
Information
N
e
w
J
o
b
SELF ASSESSMENT
Conduct Self Assessment
Important to continuously evaluate your competencies,
interests and values since these do often change over time.
WHY?
Allows you to identify potential options and existing
gaps to help you define an actionable career roadmap
HOW?
Utilize self reflection, performance reviews, self
assessment tools, friends/family/mentors’ input
SELF ASSESSMENT RESOURCES
JOB SEARCH FAQs
•What role should the current market play in my job search
strategy?
•What are some job search tips that I can utilize in a tough
economy?
•I find that I need to adapt my long term career plan. How do
I get back on track?
•Which PHILLY resources can I leverage at Wharton?
JOB SEARCH RESOURCES
WHARTON JOB BOARD
AGENDA
Office Overview
Job Market Update
Job Search Resources
Career Development/Networking Resources
Opportunities for Alumni Involvement
Questions
MANAGING YOUR LONG TERM CAREER
•Effectively managing your career ≠ managing a series of
reactionary job searches
•Ideally, a continual, proactive process, not a one time or
intermittent event
•The most effective time to focus on managing your career is
when you are NOT looking for a job
CAREER DEVELOPMENT RESOURCES
Networking “Best Practices”
1.) Embrace the informational meeting
2.) Ask how you can “give back” during these meetings
3.) Create your own “Board of Directors”
4.) Utilize the Wharton Network
Networking Resources
Wharton Alumni Connect
Regional Alumni Clubs
Wharton Linked In Network
AGENDA
Office Overview
Job Market Update
Job Search Resources
Career Development/Networking Resources
Opportunities for Alumni Involvement
Questions
OPPORTUNITIES FOR ALUMNI INVOLVEMENT
Leverage Alumni Events
Give Back
• Participate and/or Take Leadership •
Positions within Alumni Clubs
• Participate in Global Alumni Forums •
• Attend Wharton Reunions
• Participate in Alumni LinkedIn
•
group
• Volunteer with Admissions
“Take the Call” from current students and
alumni / offer to help
Update Your Profile in the Alumni
Directory (via Wharton Connect). Submit
Class Notes
Build the Wharton brand
Volunteer with Students
Learn with Wharton
• Read Wharton Alumni Magazine,
Wharton e-update newsletter and
Knowledge@Wharton
• Attend Executive Education classes
• Attend Conferences
• Use Lippincott Library resources for
alumni
• Factiva
•
•
Host a Career Trek
Offer your time to professional clubs and
conferences – review resumes, conduct
mock interviews, speak on a panel, etc
Hire Wharton
•
•
•
Volunteer to be a Team Captain
Review the free Updated Resume Book
Promote the Wharton Brand / Adhere to
Wharton recruiting policies
HIRE WHARTON
•
Wharton MBA students are highly competitive and talented
• Tap into the diverse international student body (40%)
• Shape young talent out of graduate school to your corporate culture
• Be an advocate for hiring Wharton students in your company
• Resources
•MBA Career Management Staff
•Online Updated Wharton Resume Book (now available)
•Wharton Job Board
•On Campus Recruiting
•Host an Employer Information Session
•Host a Wharton Trek
•Global Career Forum
WHERE DO I LEARN MORE?
Resource / Initiative
Where to Get More Information
Wharton Alumni Affairs
http://whartonconnect.com
http://www.wharton.upenn.edu/alumni/contactus.cfm
Wharton Alumni MBA Career
Management
215.898.4383 / [email protected]
http://mbacareers.wharton.upenn.edu/alumni (Cara Costello)
Wharton Alumni Clubs
[email protected]
http://www.wharton.upenn.edu/alumni/Clubs.cfm
Wharton Reunions
215.898.8478 / [email protected]
http://www.wharton.upenn.edu/alumni/reunion/2009/
Wharton Global Alumni Forums
215.746.2258 / [email protected]
http://www.wharton.upenn.edu/alumni/forums/2009/index.cfm
Wharton Alumni Directory
http://www.whartonconnect.com/directory.html
Wharton Speakers Bureau
http://www.wharton.upenn.edu/alumni/speaker/
Wharton Admissions Volunteer
215.898.6895 / [email protected]
http://apps.wharton.upenn.edu/admissionsconnect/
Campaign for Wharton
215.898.8479 / [email protected]
http://www.thecampaignforwharton.com/
Computing and Web-Related Issues
[email protected]
QUESTIONS
Cara Costello
Senior Associate Director- Alumni Services
Wharton MBA Career Management
[email protected]
+1 215-898-3318