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2007-2008 Kick-Off
Mission
To educate Kellogg students about opportunities in Strategy and Business Development, and to support
students in pursuing a career in these functions
SBD Club Responsibilities Educate students about SBD roles within various
industries
Support students’ development and networking needs by providing resources not currently formalized through other Kellogg clubs
Serve as a conduit between the other functional and industry clubs
Work with the CMC to generate more on-campus and off-campus career and networking opportunities
What is Strategy/Business Development?
Function expanding rapidly within corporations Strategy vs. Consulting
Strategy is an internal corporate function, not a client function
Strategy is about innovation and implementation, not exclusively one or the other
Strategy vs. General Management Strategy is a support function, not a cross-functional P&L /
line management role General Management thinks about today; Strategy thinks
about the future
What is Strategy/Business Development?
FinancialFocus
MarketingFocus
There are a spectrum of jobs available within Strategy & Business Development that cut across functional areas:
Internal Consulting
Corporate StrategyM&A
New Product Development
Strategic Planning
CustomerAcquisition
Here are some of the questions we hope to help you answer…
Key Questions What does a strategy or business
development job look like?
What are the different roles one could have in an internal strategy or business development position?
What kind of opportunities are there following a post-MBA job in SBD?
What is the difference between internal strategy and external strategy consulting?
How can I get a job in this field?
SBD Event A Day in the Life of a Strategic
Planner
2nd year internship panel
Strategy and BD guest panel
Internal vs. external strategy panel
Resumania Amex Case prep workshop SBD recommended classes
Why is the SBD Club important?
8-10% of Kellogg graduates pursue careers in Corporate Strategy and Business Development Students usually have less knowledge about these career opportunities than
other MBA paths
Many jobs in Strategy & Business Development can be found through informal networking and off-campus search Facilitate a network among students to pursue these opportunities Bring more companies to campus
Strategy & Business Development Club’s unique role at Kellogg Case interviews: format is very different for strategy Networking: connecting with SBD groups
Kellogg Graduate Placement Rates
Major Functions Chosen by Graduates 2001-2005
Percent of Acceptances
Function '05 '04 '03 '02 '01
Business development 3 4 4 5 5
Consulting* 36 30 28 25 41
General management/Leadership development 8 12 9 10 6
Investment banking 9 6 7 10 12
Investment management/research 4 4 5 4 5
Operations/production 1 1 — — 1
Other finance 6 6 7 5 6
Other marketing 5 6 6 5 4
Product management 12 14 13 12 13
Sales/trading 2 1 2 4 3
Strategic planning 4 4 5 5 2
Treasury/financial analysis 2 2 2 4 1*Includes consulting positions with public accounting firms as well as internal corporate consulting.
2006 stats show BD and Strategic Planning functions at 2% and 7%, respectively.
Last years stats…
Class of 2008 summer internship placements Strategic planning 6%, avg. monthly salary $5,742 Business development 5%, avg. monthly salary
$6,348
Class of 2007 SBD full time placements 3% in strategic planning roles, average salary of $102K 3% in business development, average salary of $104K
Recommended Classes for SBD Career Path
FinanceFIN 442 - Financial DecisionsFIN 470 - International FinanceFIN 446 - Entrepreneurial Finance
MarketingMKTG 466 - Marketing StrategyMKTG 465 - New Products & ServicesMKTG 451 - Marketing Channel Strategies
StrategyMGMT 469 - Empirical Methods in Strategy MGMT 452 - Mgt. and OrganizationsMGMT 463 - Mgt of Technology
OperationsOPNS 454 - Operations Strategy
MORSMORS 470 - NegotiationsINTL 470 - Cross Cultural NegotiationsMORS 453 - Power in Organizations
AccountingACCT 451 - Financial Reporting & AnalysisACCT 431 - Managerial Accounting
MEDSMECN 441 - Competitive Strategy & Industrial StructureDECS 450 - Decision AnalysisMECN 446 - Pricing StrategiesOPNS 450 – Spreadsheet Modeling
Key:Primary SBD coursesRecommended Favorite of Class of 2007
Upcoming Events
Event• Day in the Life of a Strategic Planner
• Strategy and Business Development Guest Panel
• Second Year Internship Panel
• Company Speaker Series• i.e. Eaton Corporation, United Airlines
• Club mixers and social events
Date• October 1st
• October 9th
• Early November
• Throughout the year
• Throughout the year
• Resumania • Mid-October
• American Express Case Workshop • October 2nd
• Careers in Finance: Presentation and Internship Panel
• October 4th
How to get involved
• First Years / Second Years– Committees
• Events • Careers and Corporate Contacts• Kellogg Alumni Network• Marketing and Communications
• Second years only– Resume workshops– Internship panel
• Join Listserv if you have not already
• Committee interest forms will be e-mailed this week
Questions
?