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MBA Career ManagementLong term Career Management for MBA Alumni:
Career Resources and Staying Connected to Wharton
Cara Costello, Senior Associate Director, Alumni Services
Office Overview
Job Market Update
Job Search Resources
Career Development/Networking Resources
Opportunities for Alumni Involvement
Questions
AGENDA
MBA CAREER MANAGEMENT STAFFCareer Advisors
Consulting, Entrepreneurship Rebecca Hollander (interim)
Jessica Glazer
Biotech/Pharmaceuticals/Healthcare
Sara Simons
Investment Management, Hedge Funds
Virginia Jennings
Public Interest, Social Impact, Non-Profit, Government
Jennifer Savoie
Energy
Technology, Telecom/Wireless Manufacturing, General Management
Chris Higgins Kristi Schlegel-Miller
Consumer Products/Retail
Media & Entertainment Holly Jackson
Real Estate, Travel & Hospitality Shannon Connelly
Private Equity, Venture Capital Rebecca Hollander
Investment Banking, Sales & Trading, Diversified Financial Services
Maryellen Lamb Anthony Penna
Global Careers Sam Jones Varies
Areas of Focus
Cara Costello
Elissa Harris
Michelle Hopping
Lauren Heath
Tiya McIver
Alumni Services
Employer Services
Programs and Communications
OCRS Coordinator
Front Desk
Jessica Wild
Recruiting Relationship Managers
• Created and filled 3 new full time office positions − Global Careers Advisor, Associate Director-Employer Services and Senior Associate Director-Alumni 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
NEW CAREER INITIATIVES FOR MBA ALUMNI
Office Overview
Job Market Update
Job Search Resources
Career Development/Networking Resources
Opportunities for Alumni Involvement
Questions
AGENDA
6
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 • Median base salaries steady; downward pressure on
discretionary compensation• Sanders-Grassley Amendment concerns about international
applicants • Delayed start dates from companies/uncertain hiring needs• Large, competitive and experienced candidate pool of recent
MBA graduates and alumni available
6
7
• Over 300 alumni advising appointments in nine months• Majority graduated within last 1-7 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
HIRING OUTLOOK: Alumni Perspective
Office Overview
Job Market Update
Job Search Resources
Career Development/Networking Resources
Opportunities for Alumni Involvement
Questions
AGENDA
SelfAssessment
MarketResearch& StrategyDevelopment
Networking Resume(s)
Job Experience
Job SearchLetter(s)
Interviews OfferManagement
New
Job
Offer(s)
MBA CAREER MANAGEMENT CAREER PROCESS
•Alumni Advisor (Career Leader product )
•Other Self Assessment Resources
•Factiva
•MBA Exchange (company profile section)
•Wetfeet
•Wharton Alumni Connect
•Wharton LinkedIn Group
•Regional Alumni Clubs
•CareerSearch Database
•Guide to Managing Your Career (resume chapter)
The Alumni Resume Book
•Interview stream
•Guide to Managing Your Career (interview chapter)
•Salary and Relocation Website Information
•Guide to Managing Your Career (job search letters chapter)
Conduct Self AssessmentImportant 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
SELF ASSESSMENT
HOW? Utilize self reflection, performance reviews, self assessment tools, friends/family/mentors’ input
SELF ASSESSMENT RESOURCES
•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?
JOB SEARCH FAQs
Office Overview
Job Market Update
Job Search Resources
Career Development/Networking Resources
Opportunities for Alumni Involvement
Questions
AGENDA
•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
MANAGING YOUR LONG TERM CAREER
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.) Diligent post-meeting follow-up 5.) Fully leverage the Wharton Network
Networking ResourcesWharton Alumni Connect Regional Alumni Clubs Wharton Linked In Network
Office Overview
Job Market Update
Job Search Resources
Career Development/Networking Resources
Opportunities for Alumni Involvement
Questions
AGENDA
OPPORTUNITIES FOR ALUMNI INVOLVEMENTLeverage Alumni Events
• Take Leadership Positions within Alumni Clubs• Participate in Global Alumni Forums • Attend Wharton Reunions• Participate in Alumni LinkedIn group• Volunteer with Admissions
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
Give Back• “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• 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
• 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
HIRE WHARTON
WHERE DO I LEARN MORE?
Resource / Initiative Where to Get More InformationWharton Alumni Affairs http://whartonconnect.com
http://www.wharton.upenn.edu/alumni/contactus.cfm
Wharton Alumni MBA CareerManagement
215.898.4383 / [email protected]://mbacareers.wharton.upenn.edu/alumni (Cara Costello)
Wharton Alumni Clubs [email protected]://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]://www.thecampaignforwharton.com/
Computing and Web-Related Issues [email protected]
QUESTIONS
Cara CostelloSenior Associate Director- Alumni Services Wharton MBA Career [email protected] +1 215-898-3318
Group Office Primary Contact Website
MBA MBA CM Cara Costello [email protected] http://mbacareers.wharton.upenn.edu
Undergrad Career Services Barb Hewitt [email protected] http://www.vpul.upenn.edu/careerservices
SERVICE OVERVIEW
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
