MBA Summer Internship Profiles in Finance and other MBA News Snippets

Changing careers with the help of a summer internship

MBA candidates heading to key finance firms for their summer internship highlight how this component of the degree can assist those looking at changing careers.

Those looking at changing careers feature prominently in the MBA profiles for Goldman Sachs, Morgan Stanley and JPMorgan featured on eFinancialCareers.

At Goldman Sachs there are former structural engineers-turned MBA candidates at Stanford and London Business School, who supply candidates for the company’s summer internship programs in New York and London respectively.

JP Morgan, on the other hand, has taken on a Wharton MBA who came to business school from a medical background in the UK, via a cancer diagnostics company.

Meanwhile, Morgan Stanley’s summer internship roster includes a number of people not so much changing careers in terms of industry, but in terms of job-function – for example, a corporate strategist switching to investment banking.

The profiles also reinforce the value of attending an elite school, with the places of study in these lists reading much like a who’s who of Europe and North America’s leading business schools.

< Learn more about the MBA internship experience and what to do if you're still looking for a suitable position at the onset of summer.

Accenture tops list for workplace diversity

Consultancy firm, Accenture, has been placed first among 50 companies marked as leading the way on matters of workplace diversity and gender equality.

The eighth annual ranking from Diversity MBA Magazine, known as 50 Out Front for Diversity Leadership: Best Places for Diverse & Women Managers to Work“ celebrates companies like Accenture that implement intentional strategies that support inclusive and active workplace diversity,” according to a press release.

The aim of the ranking is to encourage companies to improve their performance in terms of workplace diversity and gender equality – helping women and people representing a greater spread of diversity to attain senior management positions.

Accenture finished ahead of AT&T and A.T. Kearney in a top 50 that also features educational institutions, such as the University of San Francisco and MIT. According to the magazine, Accenture has always scored highly for its workplace diversity initiatives, coming out top in 2012 before suffering a slight drop to fifth in 2013.

Chapman University reaches US$75k discrimination settlement

Sticking with the subject of diversity, a long-running dispute over discrimination at Chapman University’s Argyros School of Business and Economics this week reached a settlement.

In 2006 Stephanie Dellande, an assistant professor in marketing at Chapman’s business school, was turned down for tenure. Two years later, and after an unsuccessful appeal, Dellande was fired as a consequence.

Chapman University, based in the city of Orange, California, is to pay US$75,000 and put in place compulsory equal-opportunity employment training in its business school in accordance with the terms of the agreement, as reported by The Orange County Register.

The subsequent lawsuit alleged that she had been denied on grounds of racial bias and discrimination, something that Chapman University has always vehemently denied – arguing that it agreed the payout to Dellande simply to bring a costly matter to a close. Dellande, who retrospectively gains the title of associate professor but won’t be rehired (she now has a position in Silicon Valley), claimed the ruling to be a “victory” for diversity over Chapman University.