Posts by Jillian Markowitz

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Feb 6, 2019 by

New York Life Careers: What MBAs Should Know

New York Life Careers

Choosing the right job after earning your MBA is always intimidating. The degree opens a multitude of paths for professionals entering the marketplace. However, the sheer number of available options can be a double-edged sword, and it is important that b-schoolers do their due diligence to find the right company and career track for them.

For those looking to work at a company with a rich history, New York Life Insurance Company may be the right choice. Not only if New York Life one of the US’s oldest Fortune 100 companies, the company consistently makes Fortune’s list of the “World’s Most Admired Companies.” Below, we’ve laid out some of the opportunities available to MBA’s looking to work at New York Life Insurance, so that you can gauge whether it might be the right fit.

New York Life Career Opportunities

Two possible tracks for those seeking employment with New York Life: as agents, or as a member of the corporate team.

There are many options for aspiring New York Life Agents. There are entry level positions for new agents looking to grow their business and gain experience and knowledge of the field. More experienced agents are also encouraged to apply. Experienced professionals can also apply for a sales management/partner position. Those in this position will oversee the recruitment and development of sales teams.

Though opportunities for non-MBAs abound, MBAs are at a significant advantage here. Those who have completed their MBA within 24 months are eligible for the management fast-track, a program wherein select employees can advance to management within a year of being hired. These hired will take on roles as Associate Partners once they have met training requirements. It should be noted that New York Life prefers for fast-track applicants to be Life and Health licensed, have some previous sales experience, and have FINRA registrations of Series 6 or 7 and Series 63.

What Kind of Salary Should You Expect at New York Life Insurance?

The salary of New York Life Insurance agents can vary wildly, considering commission is significant portion of the career incentive. According to Glassdoor data, base-level agents can expect a total annual pay of $51,322. This includes salary (around $42,000), plus benefits, commission, and more. Of course, an advanced degree can greatly increase annual compensation, with some agents earning over $100,000 per year.

Those seeking to enter the corporate side of New York Life also have plenty of options. With over 9,000 corporate employees, there is a position for nearly every type of business-minded application. Whether you want to work in marketing and communications, technology, sales support, investments, leadership and management, or a host of other fields, New York Life offers plenty options and support.

PayScale data indicates that several MBA-level positions offer obvious lucrative benefits. The average marketing manager at New York Life, for instance, makes an average annual salary of $83,729. This is early double the amount administrative assistants and client services representatives make.

New York Life Internship Opportunities

New York Life offers several internship opportunities based on the company’s specific needs. However, the company has a couple of specific programs tailored for interns. For those with an interest in actuarial studies in their junior or senior year of undergrad, or pursuing their MBA, the Actuarial Summer Internship Program may be a desirable option. In this program, interns receive projects from each area of the company actuarial departments and work alongside full-time actuaries. They receive training in the relevant software, meeting with the other interns every two weeks to touch base. They also benefit from monthly presentations by the New York Life actuaries, and a variety of social events.

The company also offers a Summer Finance Internship Program, wherein juniors and seniors balance a real-world work environment with weekly seminars and mentoring support from full-time employees. According to the New York Life Website, finance interns may be, “placed across the organization in Corporate Finance, the Insurance and Agency Group, and the Investments Group, including Mutual Funds and Investment Boutiques.”

An Inclusive, Diverse Company Culture

New York Life boasts a client-first culture, wherein employees ensure that the people they are serving are their first priority. That doesn’t mean clients are the only priority. In fact, Forbes ranks New York Life 18th on it’s list of Best Employers for Diversity. The company states:

“We collaborate, to make sure we deliver the absolute best for our clients. We go above and beyond to give back. And we never seek financial gains at the expense of our values.”

Profile Magazine recently highlighted the company, called, “How An Inclusive Culture is Reshaping New York Life.” The article highlights New York Life’s active efforts toward inclusivity, as well as the loyalty of the company’s employees, and the ethical approach the company takes to serving clients and the community.

Posted in: Career, Featured Home, MBA Jobs, News | 0 comments

Feb 6, 2019 by

McMaster University Receives $15 Mil. Donation, and More – Toronto News

McMaster University Donation

Toronto’s business schools have had an active week, filled with exciting new developments. Below, we’ve laid out some of the highlights.

McMcaster University Receives $15 Million Donation For Its Commerce ProgramThe Globe and Mail

Paul McLean and his family have contributed $15 million CAD to McMaster University’s DeGroote School of Business. Private donations will go toward revamping the school’s undergraduate commerce program. McLean’s gift will be added to the $50 million undergraduate business education building—scheduled to open in 2022.

McLean, who earned his undergraduate degree and MBA at McMaster, is the Chief Executive Officer of CWB Maxium Financial. He feels passionate that this donation will lead to a valuable and “potentially revolutionary” learning experience for those involved.

Len Waverman, Dean of the DeGroote School of Business, says:

“When you think about the way the world is changing, it is beyond hype; and with artificial intelligence, it does change the nature of work and the nature of the occupations students go into…everyone has similar ideas that our students have got to be creative, think outside of the box and be able to transform themselves.”

You can learn more about the donation here.

Doug Ford’s Fix for Toronto’s Housing Crisis is Easy: Just Build More HomesFinancial Post

The Financial Post recently highlighted the push from Doug Ford, the Ontario Premier, to build more homes in Toronto as a solution to housing shortages.

Toronto’s housing prices have doubled in the past decade, and experts are debating the best solution to re-mediate. Demand measures are controversial, as they disproportionately affect younger buyers and buyers in lower socioeconomic brackets. Ford argues that supply measures would grow the markets in a stable and maintainable way.

Image result for toronto housing

Just in the past five years, housing costs in Toronto have risen 60 percent, according to The Financial Post.

The Financial Post spoke with Michael Fenn, a visiting fellow at the Lawrence National Centre at Western University Canada’s Ivey Business School, on the rising costs. According to Fenn, “Keeping housing of a variety of types affordable and available is crucial to the economic success of the GTA and the country generally.”

You can read more about the Toronto housing crisis here.

30 Exceptional Educators Recognized As Canada’s Outstanding PrincipalsThe Learning Partnership

Recipients of Canada’s Outstanding Principal Award were recently announced, and will be honored at a ceremony at the University of Toronto’s Rotman School of Management on February 26, 2019.

Additionally, the honorees have the opportunity to attend a leadership training program at Rotman, wherein they will learn about management practices from experts in various fields. This year marks the 15th anniversary of The Learning Partnership’s Outstanding Principal Award.

Debra D. Kerby, President and CEO of The Learning Partnership, says:

“From Rankin Inlet, NU to Vancouver, BC to Richmond PEI, we are honored to recognize principals from coast to coast to coast. Principals are so important to the success of our schools and our students. They ensure our schools are dynamic, engaging places to learn, and that student are inspired every single day. These principals are enabling students to thrive in an increasingly diverse and changing world. These 30 principals are all instrumental in connecting students, educators, families and the community together, and we recognize their indispensable contributions to helping Canada continue as a global leader in education.”

The recipients were nominated by parents, faculty, and members of their community. They will join the National Academy of Canada’s Outstanding Principals, which will afford them, “… networking, mentoring and professional development opportunities to enhance their leadership skills.”

You can learn more about the awards here.

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Jan 30, 2019 by

Ontario Business Concerns, Leadership, and the Economics of AI – Toronto News

Ontario Business

Toronto‘s finest business schools have provided valuable marketplace insight to their communities this week. We’ve outlined some of the high points below.

Ontario Business Bankruptcies Up 39 Per CentCBC News

Corporate bankruptcy is on the rise in Ontario. According to Madhu Kalimipalli, Professor of Finance at the Wilfrid Laurier University’s Lazaridis School of Business and Economics, the higher cost of borrowing for corporations could be to blame.

“A lot of these businesses … are the ones who had a tough time servicing their bank loans,” Kalimipalli says in a recent CBC News interview. Kalimipalli posits that the pending NAFTA agreement between Canada, the U.S., and Mexico (CUSMA), as well as the real estate slowdown in the GTA may have also been factors in the corporate bankruptcy rise.

Kalimipalli does not believe the increase in bankruptcies are necessarily cause for alarm. It is possible that the pending U.S. approval of the  NAFTA agreement could reverse the bankruptcy trends, as long as government attempts to alter it do not have unintended consequences down the line.

You can learn more about Ontario business bankruptcy here.

Don’t Just Be a Leader, Become a Global Inspiration; Almas Jiwani Delivers a Riveting Keynote Address at Ryerson UniversityGlobal Newswire

Almas Jiwani, President of Emeritus UN Women National Committee Canada, recently delivered the keynote speech for the Women in Information Technology Management (WITM) at Ryerson University’s Ted Rogers School of Management at the Emerging Leaders Project (ELP). Jiwani spoke about utilizing technological advances to achieve more “sustainable and inclusive” societies around the globe.

In the speech, Jiwani says:

“We have come a long way with technology, and it has changed our world. It has not only changed the way we work, live, and conduct business, but has also helped create a bridge that connects us to millions across the globe. The age of social media has made it possible for today’s leaders to create a bigger impact, and has empowered them with the ability to reach out to people in different and remote parts of the world and be an inspiration to them to learn, dream bigger, and achieve more.”

Jiwani is also CEO of the Almas Jiwani Foundation, which seeks to “empower women, girls and marginalized communities through focused projects that directly address disparities in equality, education, entrepreneurship and energy rights.”

Learn more about Jiwani’s speech and ELP here.

Joshua Gans Weighs In On Marketing DisruptionForbes

Forbes recently published a comprehensive interview with Joshua Gans, Chair of Technical Innovation and Entrepreneurship Professor of Strategic Management at University of Toronto’s Rotman School of Management, revisiting some of the themes in his 2016 book The Disruption Dilemma. In particular, Gans speaks about disruption in marketing.

He addresses the future of marketing with advances in AI, saying, “AI can do only a limited range of what we might call cognitive functions,” Gans said, “What it can’t do is exercise judgment and understand what the trade-offs are in decisions.”

According to Gans, exercising judgment in this way is, “an essential part of any creative process.”

Gans is also the Chief Economist at Rotman’s Creative Destruction Lab (CDL), a seed-stage program for tech-based companies. CDL is dedicated to helping innovators grow their ideas and attain the funding necessary to bring their ideas to the marketplace.

You can read more from the full Joshua Gans interview with Forbes‘ Paul Talbot here, and watch Gans’ discuss AI at Rotman below.

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Jan 23, 2019 by

York Schulich’s Groundbreaking Building Opens Its Doors, and More – Toronto

new york schulich building

Toronto‘s finest business schools have spent the new year making positive contributions to the fast-changing world of business education. We’ve laid out some of the high points.

How Business Schools Are Adapting to the Changing World of WorkCBC News

In the age of information, the business arena is changing at record pace. In order to keep up, Canadian business schools are shifting focus from concrete skills to abstract ones. Creativity and innovation, for example, are at the forefront of the curriculum for schools like Western University Canada’s Ivey Business School. In fact, Ivey recently staff conducted 250 interviews with international industry leaders in order to glean which skills are in high demand in today’s marketplace.

“Although people do need to have the technical literacy that’s probably higher than before—the skills that are really demanded are the soft skills that will allow them to adapt,” says Mark Vandenbosch, acting Ivey Dean. Among the most important skills, Vandenbosch listed “creativity, grit, teamwork … and decision-making skills.”

“We provide a lot of support post graduation for those who want to come back at a later time to start a venture two, three, or four years later.”

Learn more about the demand for soft skills in the marketplaces here.

New Schulich School Building Opens at Toronto’s York UniversityCanadian Architect

On January 11, York University’s Schulich School of Business opened the doors of the Rob and Cheryl McEwen Graduate Study & Research Building. The building, designed by Baird Sampson, is among the most environmentally efficient academic buildings in North America. Funding from the Canadian Government’s Post-Secondary Institutions Strategic Investment Fund, Schulich’s Leading Change fundraising campaign, and a generous donation from Rob and Cheryl McEwen made the $50 million project possible.

The all new Rob and Cheryl McEwen Graduate Study & Research Building, opened Jan. 11 at the York University School of Business.

The building will house Schulich’s Research Office, as well as the Centre of Excellence in Responsible Business, the Schulich Centre for Global Enterprise, the Brookfield Centre in Real Estate and Infrastructure, and the newly-established Centre of Excellence in Business Analytics and Artificial Intelligence.

You can read more about the new York Schulich building addition here.

New Arrival to Canada Finds What He Was MissingThe Globe and Mail

Voyt Kryzchylkiewicz moved to Canada from Johannesburg to pursue his EMBA at University of Toronto’s Rotman School of Management and launch a business venture. In his first blog entry for EMBA Diary, he discusses those challenges and lessons of the past year of his life.

Before his move to Canada, Kryzchylkiewicz served as a board member at several companies in Europe and Africa. However, his experience with Canadian companies was limited, and he did not meet the criteria to be considered for similar positions in his new home. Kryzchylkiewcz entered Rotman with the hope of developing a professional network in Canada.

“While building my knowledge through Rotman has indeed proved valuable, the real benefits of the EMBA are the relationships that I have made, both business and personal,” Kryzchylkiewicz says. “This has already propelled my business forward and provided me with significant opportunities that I would not have had otherwise.”

Learn more about Kryzchylkiewicz’s experience here.

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Dec 13, 2018 by

3 More Online MBA Scholarships You Should Know

More Online MBA Scholarships

Last month, three of the best Online MBA scholarships in the U.S. caught our imagination. These advantageous opportunities can be found at celebrated academic institutions like the USC Marshall School of Business and the University of North Carolina Kenan-Flagler Business School.

However, we would be remiss if we stopped there. Here are three more Online MBA scholarships you need to remember before you start sending out applications.

3 More Online MBA Scholarships You Should Know

Lehigh University

The Lehigh University College of Business and Economics FLEX MBA gives students the opportunity to participate in classes either online or on campus. The nationally-ranked program emphasizes values like leadership, social responsibility, and understanding global business. FLEX MBA students who have received an offer of admission as a regular students may be considered for a variety of scholarship options. For example, the Dean’s Scholarship may be awarded based on academic merit, and the Nanovic ‘60G Endowed Fellowship Fund will go to students who show outstanding performance within the FLEX MBA Program and “contribution to the program outside of the classroom.”

Dayton University

Dayton University’s MBA@Dayton offers tracks based on applicants’ academic and/or professional experience. Students can pursue the Foundational Online MBA, the Accelerated Online MBA, or the One-Year Online MBA, depending on their experience and goals. According to the school, applicants will be considered for “select competitive awards offered by the MBA@Dayton program or can identify private independent scholarships for which they can apply separate of the application or the federal aid process.”

Santa Clara University

The Santa Clara University Leavey School of Business has multiple scholarship opportunities in its Online MBA program. Enrolled students can apply for merit-based scholarships, including “a $1,000 Online MBA Referral Scholarship, and a $500 Online MBA GMAT Test Bonus for those who submit GMAT scores with an application.” In addition, Certificate of Advanced Accounting Proficiency (CAAP) program grads can apply for a $3,000 Online MBA scholarship.

Posted in: Featured Home, Featured Region, News, Online MBA | 0 comments

Dec 6, 2018 by

Rotman Research Promotes Personal Data Advocacy, and More – Toronto News

Personal Data Advocacy

Canadian business schools have made valuable contributions this week. From providing life-saving researching, to creating ethical programs that will produce ethical leaders, Canada’s top schools are certainly doing their part to better their communities. We’ve laid out some of the high points below.

Western Researchers Study Overdose Antidote in High SchoolsThe London Free Press

Researchers from Western University Canada’s Ivey Business School and Schulich School of Medicine and Dentistry recently joined forces to determine whether supplying high schools with an antidote to opioid overdose would be a cost-effective way to combat Canada’s rising problems. Naloxone prevents the physical effects of consuming toxic amounts of opioids, and having the drug in supply in schools could save lives. However, this solution to rising opioid overdoses would cost money.

The researchers evaluate the cost-effectiveness of implementing a naloxone program in schools, wherein the drug is supplied and the staff is trained in its use. Study authors Greg Zaric and Lauren Cipriano put together a spreadsheet that would allow schools to determine the cost and benefit of starting a program in their specific area.

“We think every school board should be evaluating a program like this using a tool of procedure like this to see if they really are getting the best use of their available funds…there are lots of things that we can do in schools to improve the health and safety of students,” Zaric says, “We want to make sure the portfolio of medical and health interventions that we provide to students is getting us the best possible health impact for the amount of money we’re investing.”

You can read more about the cost of Naloxone programs here.

It’s Time to Pay Consumers For Their DataThe Globe and Mail

Richard Nesbitt and Brian O’Donnell, of the Global Risk Institute in Financial Services, wrote an article for The Globe and Mail that advocates giving consumers more control over how data is used. In addition to his role as CEO of the Global Risk Institute in Financial Services, Nesbitt is an adjunct professor at the University of Toronto’s Rotman School of Management.

Their article specifically addresses the need for “personal data advocacy.” The co-authors believe an institution should work with people, “to gather, protect, and monetize their personal data.” According to the article, social media sites have made trillions of dollars off of user data, leaving users with none of the benefits and all of the security and privacy risks.

Brian O’Donnell and Richard Nesbitt write:

“With ownership of their data, individuals could then decide how they want their data used. For example, do they want to lock it down, sell it or donate it to a charity or research organization?”

Read more about personal data advocacy here.

What is a Sustainable MBA?Study International News

York University’s Schulich School of Business’s sustainable MBA was ranked the third best program by Study International News. A sustainable MBA is one that puts environmental and social considerations before the bottom line. Critics claim that traditional MBA’s breed leaders who put their own profit before the welfare of their community. This view is so pervasive, that the ‘evil corporation’ has become a pop-culture trope.

Image result for schulich school of business

The Schulich MBA is lauded as one of the best in the world when it comes to sustainability education, according to Study International News.

School’s like Schulich, however, are cultivating programs that could change this perspective. Warwick University and the University of Exeter Business School nabbed the first and second rankings. It is clear that Canada is a leader in sustainable MBA’s, with 11 Canadian schools topping the list of the Better World MBA Rankings.

Julia Christensen Hughes, University of Guelph says:

“MBA programs—the most dominant graduate degree in the world—must endeavor to develop the leaders so desperately needed. And this is where Canada can truly lead.”

You can read more about the Schulich sustainable MBAs here.

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