Recent graduates with an advanced business degree, particularly in the U.S., are entering the job force earning substantial starting salaries. The median annual base starting salary U.S. employers plan to offer new MBA hires in 2019 is $115,000, more than double the median for new bachelor’s degree hires ($55,000) and the highest ever recorded in the U.S. when adjusted for inflation. By industry among U.S. employers, median MBA starting salaries are highest in the consulting ($135,000) and finance/accounting ($125,000) industries. (Globe Newswire)
|
Slack, the technology used by more than 10 million users to collaborate and send email, today filed to sell its shares to the public. Even if you're not a current user, here are three reasons why the company's decision to go public is significant. (Inc.)
|
Do you consider yourself middle class? Historically, certain benchmarks have determined whether Americans were considered middle class including owning a home and having a certain income level. But today, there is a new measure: access to credit. (Yahoo! Finance)
|
According to the National Center for Charitable Statistics, there are more than 1.5 million nonprofits registered in the United States. There are many benefits to serving with non-profit organizations, from helping others to honing your business acumen. Here are six ways nonprofit board experience could help bolster your career in the for-profit sector. (Forbes)
|
Diverse workplaces generate 19 percent more revenue than less diverse work environments. In addition, multicultural teams are capable of outperforming competitors that lack in diversity by 35%. Here are some tips to help create a diverse workplace. (Entrepreneur)
|
Amid reports from the Pentagon today that an American drone was shot down over the Strait of Hormuz, many are wondering what would make Iran risk destroying foreign tankers in their own territory/ The answer is rooted in economics. Iran's economy is in disarray and Iranian leaders have previously threatened that if they can’t export their oil, neither will anyone else. (CNBC)
|
The University of Illinois at Urbana-Champaign will shift investments away from its residential MBA programs to focus on its rapidly growing online iMBA, which is delivered through Coursera.org at $22,000. This decision is part of trend in which several universities have scaled back or eliminated traditional MBA programs. (IBL News)
|
The 41st Annual NBMBAA® Conference & Exposition will convene our members, corporate and university partners, and some of the world’s most sought after thought leaders at the George R. Brown Convention Center for a week of exploration in the areas of education, leadership, career opportunities, and networking connections that enable professional development. More than 10,000 professionals will travel to Houston this September to gain access to opportunities that only our national conference can offer. Will you be one of them?
Click here to register.
|
National Black MBA Association® launched the Scale-Up Pitch Challenge in 2017 which works to satisfy the mission of the Association to help create and support wealth building opportunities for its members, with previous winners experiencing great success with investors due to exposure and funding provided through this challenge. This challenge is a pitch competition designed to “Make Big Ideas Bigger” by encouraging our members to create startups that are scalable. We provide startups the unique opportunity to connect with early stage investors and venture capitalists who are ready to invest. Culminating at the 41st Annual Conference & Exposition in September, the winning team will be awarded a $50,000 Grand Prize, with additional to prizes for 2nd place and 3rd place as well as a People’s Choice Award.
.
If you think your startup embodies a “Big Idea” that can be even bigger, this challenge is for you!
|
With more than two billion users around the world, Facebook announced this week it now wants its own currency. The social network unveiled an ambitious plan on Tuesday to create a new digital currency similar to Bitcoin for global use, one that could drive more e-commerce on its services and boost ads on its platforms. Facebook is launching the venture with partners including PayPal, Uber, Spotify, Visa and Mastercard. (Associated Press)
|
Dish Network Corp. could announce as early as this week that it has closed a deal to purchase assets that T-Mobile US Inc. and Sprint Corp. are unloading to win regulatory approval for their merger, according to sources who spoke with Bloomberg. The purchase would include wireless spectrum and Sprint’s Boost Mobile brand, (Bloomberg)
|
Democratic presidential candidate Sen. Elizabeth Warren is touting a new plan that would provide $7 billion in grants to minority-owned businesses. Warren said there is a huge gap in capital available to white entrepreneurs as compared to those of color. (Vox)
|
Pandora founder Tim Westergren believes one of the keys to a succesful sales pitch is preparation. You don't craft the pitch on the way to the meeting with a new client. Here are his three biggest tips on improving a sales pitch. (Inc.)
|
Ryan Williams, the CEO and co-founder of fintech startup Cadre, has built his company worth to nearly $1 billion with the backing of such heavyweights as Mark Cuban and George Soros. But as a black executive trying to shake up real estate, he has his challenges. (CNN)
|
In a city that remains one of the most starkly segregated cities in America, with a racial wealth gap that sees African-American households with a median net worth of just $8 (compared to $247,500 for white Boston households), a group of social justice activists who refer to themselves as the Boston Ujima Project are creating an endeavor to empower those left out of the economy by giving them an economy of their own. (Huffpost)
|
America is in the midst of a long economic expansion, unemployment is at historic lows and home values are high. Yet, a survey has revealed that Americans remain stressed about money, and very few are satisfied with their financial position. (USA TODAY)
|
Google announced this week that it is pledging $1 billion to help alleviate the housing crisis in the San Francisco Bay area. Among the initiatives the company has planned is a $250 million investment fund to incentivize developers to build at least 5,000 affordable housing units in the area. (CNN)
|
Lonnie Burch, a 66-year-old founding and current director of the Smithsonian's National Museum of African American History and Culture, has been selected as the first African American secretary of the Smithsonian Institution. (Washington Business Journal)
|
|
| |
|
June 20, 2019
Top News
