SOCIAL ENTERPRISE: INDUSTRY 101 - Harvard Business School
SOCIAL ENTERPRISE: INDUSTRY 101 - Harvard Business School SOCIAL ENTERPRISE: INDUSTRY 101 - Harvard Business School
SOCIAL ENTERPRISE: INDUSTRY 101 Laura Moon, Margot Dushin, Betsy Strickland September 28, 2009 1 | www.hbs.edu/socialenterprise
- Page 2 and 3: What is social enterprise? • Soci
- Page 4 and 5: Social Enterprise Industry Week •
- Page 6 and 7: Snapshot of Nonprofit Sector $5M -
- Page 8 and 9: Snapshot of Nonprofit Sector : Some
- Page 10 and 11: Snapshot of For-Profit: Some Alumni
- Page 12 and 13: Snapshot of Public Sector: Some Alu
- Page 14 and 15: Where Do Graduates Tend to Go? •
- Page 16 and 17: Alumni Career Paths: Some Examples
- Page 18 and 19: Approaching the Job Search: Definin
- Page 20 and 21: Approaching the Job Search: Getting
- Page 22 and 23: Approaching the Job Search: Evaluat
- Page 24 and 25: Other Resources Career Specific All
- Page 26 and 27: Pursuing Student-Led SE Activities
- Page 28 and 29: Your Engagement in Social Enterpris
- Page 30 and 31: 2009 Nonprofit/Government | Functio
- Page 32 and 33: Class of 2009 | Nonprofit/Governmen
- Page 34 and 35: Class of 2009 | Nonprofit/Governmen
- Page 36 and 37: Nonprofit/Government | First Point
- Page 38 and 39: Nonprofit/Government | Summer Offer
- Page 40 and 41: Nonprofit/Government | Job Satisfac
- Page 42 and 43: Class of 2009 | Nonprofit/Governmen
- Page 44: SE Industry Week Monday, September
<strong>SOCIAL</strong> <strong>ENTERPRISE</strong>: <strong>INDUSTRY</strong> <strong>101</strong><br />
Laura Moon, Margot Dushin, Betsy Strickland<br />
September 28, 2009<br />
1 | www.hbs.edu/socialenterprise
What is social enterprise?<br />
• Social Enterprise ≠ an industry<br />
• It is comprised of many industries<br />
• Social Enterprise blurs sector boundaries<br />
• For-profit entities in which social purpose is an integral component<br />
• Public-sector agencies<br />
• Nonprofit organizations<br />
• Cross-sector collaborations<br />
• SE encompasses a multitude of functional roles<br />
• Social Enterprise = organizations or activities dedicated to social impact<br />
2 | www.hbs.edu/socialenterprise
This is social enterprise…<br />
Cindy Ko, MBA '05, joined Endeavor as an HBS Leadership<br />
Fellow and now serves as vice president of International<br />
Expansion, supporting high-impact entrepreneurs in<br />
emerging markets and leading strategic efforts to open new<br />
offices around the globe…<br />
…this is Social Enterprise<br />
Over the course of his career, John Read, MBA ’71, has<br />
moved between the government, private, and nonprofit<br />
sectors, serving under President Ford, managing a truckparts<br />
manufacturing plant, working in private equity, and<br />
currently serving as president and CEO of Outward<br />
Bound USA…<br />
…this is Social Enterprise<br />
3 | www.hbs.edu/socialenterprise
Social Enterprise Industry Week<br />
• What we’re covering today<br />
• Overview of social enterprise in all sectors<br />
• MBA career paths<br />
• Approaching the job search<br />
• Resources<br />
• HBS recruiting trends in social enterprise<br />
• Upcoming programs<br />
• Later this week:<br />
• Overarching sessions:<br />
• <strong>Business</strong> Approaches to Social Enterprise (Tuesday)<br />
• Social Enterprise Career Paths (Wednesday)<br />
• Emerging Themes in Nonprofit Sector(Thursday)<br />
• Industry-specific sessions:<br />
• Education<br />
• Government<br />
• International development<br />
• Foundations and philanthropy<br />
• Environment<br />
4 | www.hbs.edu/socialenterprise
Who is in the room?<br />
5 | www.hbs.edu/socialenterprise
Snapshot of Nonprofit Sector<br />
$5M - $10M (0.8%)<br />
$1M - $5M (4.0%)<br />
> $10M - $100M (0.9%)<br />
$250K - $1M (7.0%)<br />
• More than 1.4 million organizations<br />
• $1.36 trillion in revenue<br />
• Employs over 12.5 million individuals<br />
< $250K (87.3%)<br />
Sources: The Johns Hopkins Comparative Nonprofit Sector Project, based on 1995 data; The New Nonprofit Almanac, published by Independent Sector and<br />
Urban institute, based upon 1998 data; National Center for Charitable Statistics (NCCS) based upon 2004 data.<br />
6 | www.hbs.edu/socialenterprise
Snapshot of Nonprofit Sector : By Sub-Sector<br />
Other (6%)<br />
Religion (9%)<br />
Int’l development (10%)<br />
- ACCION<br />
- Endeavor Global<br />
- Save the Children<br />
- TechnoServe<br />
Arts and culture (13%)<br />
- Alvin Ailey Dance Company<br />
- American Museum of Nat’l History<br />
- Lincoln Center<br />
- PBS<br />
Education (11%)<br />
-New Leaders for New <strong>School</strong>s<br />
-Teach for America<br />
-Uncommon <strong>School</strong>s<br />
Human Services (15%)<br />
- American Red Cross<br />
- Harlem Children’s Zone<br />
- Year Up<br />
- YMCA<br />
Health Care (11%)<br />
- American Cancer Society<br />
- Mayo Clinic<br />
- Partners in Health<br />
Environment (17%)<br />
- Appalachian Mountain Club<br />
- The Nature Conservancy<br />
- Outward Bound<br />
- The Trustees of the Reservations<br />
Foundations (8%)<br />
- Acumen Fund<br />
- Ashoka<br />
- Bill and Melinda Gates Foundation<br />
- United Way<br />
7 | www.hbs.edu/socialenterprise
Snapshot of Nonprofit Sector : Some alumni examples<br />
• Iris Chen, MBA 2001, President and CEO, I Have a Dream Foundation<br />
• Elaine Aglipay Delio, MBA 2004, Senior Manager, World Resources Institute<br />
• Sasha Dichter, MBA 2002, Director of <strong>Business</strong> Development, Acumen Fund<br />
• Abby Falik, MBA 2008, Founder and CEO, Global Citizen Year<br />
• John Kalafatas, MBA 1999, Portfolio Manager, Edna McConnell Clark Foundation<br />
• Dan Katzir, MBA 1991, Managing Director, The Broad Foundation<br />
• Andrew Kendall, MBA 1998, Exec. Director, The Trustees of Reservations<br />
• Emily McCann, MBA 1999, President, Citizen <strong>School</strong>s<br />
• Roshini Moodley Naidoo, MBA 2007, Special Advisor Private Sector Team, Oxfam America<br />
• Amy Rabinowitz, MBA 2003, Managing Director of Recruitment, Teach for America<br />
• Garrett Smith, MBA 2009, Senior Consultant, District Management Council<br />
• Mark Tercek, MBA 1984, President and CEO, The Nature Conservancy<br />
• Thomas Tierney, MBA 1980, Chairman and Founder, The Bridgespan Group<br />
• Luis Ubinas, MBA 1989, President, The Ford Foundation<br />
• Adam Weinstein, MBA 1989, President and CAO, Phipps Houses<br />
8 | www.hbs.edu/socialenterprise
Snapshot of For-Profit: Where do SE Positions Exist?<br />
• Private, “socially responsible” companies<br />
• Large corporations (consumer products, financial services, etc.)<br />
• Consulting<br />
• Your imagination: the entrepreneurial approach<br />
9 | www.hbs.edu/socialenterprise
Snapshot of For-Profit: Some Alumni Examples<br />
Some top companies known for CSR<br />
• Adobe Systems Inc.<br />
• Cisco Systems Inc.<br />
• Dell Inc.<br />
• Gap Inc.<br />
• General Mills Inc.<br />
• Green Mountain Coffee Roasters<br />
• IBM<br />
• Intel Corp.<br />
• Johnson & Johnson<br />
• Kimberly-Clark Corp.<br />
• Motorola Inc.<br />
• NIKE Inc.<br />
• Salesforce.com Inc.<br />
• Starbucks Coffee Co.<br />
• Timberland Co.<br />
Source: CRO’s 2007 100 Best Corporate Citizens (U.S. Based)<br />
Some examples of alumni roles<br />
• Robin Berholz, MBA 2004, Pricewaterhouse<br />
Coopers Consulting<br />
• Neil Black, MBA 1997, Managing Principal,<br />
GreenOrder Ventures<br />
• Colin Brady, MBA 2004, COO<br />
(PRODUCT)RED<br />
• Heidi Brooks, MBA 2003, Director, John<br />
Hancock Funds<br />
• Emmanuel Cassimatis, MBA 2009, Founder,<br />
EGG Energy<br />
• Katherine Cousins MBA 2002, Senior Director,<br />
Strategic Planning, The Timberland Co.<br />
• Sarah Endline, MBA 2001, Mastermind and<br />
Chief Rioter, sweetriot<br />
• Lance Friedmann, MBA 1978, Senior Vice<br />
President, Health & Wellness, Kraft<br />
• Nicole Hanrahan, MBA 2002, Director,<br />
Community Wealth Ventures<br />
10 | www.hbs.edu/socialenterprise
Snapshot of Public Sector: How do you Employ Your Skills?<br />
• Government<br />
• Staff, appointed, elected<br />
• Local, state, and federal<br />
• Bilateral and multilateral organizations<br />
• e.g. United Nations, World Bank, etc.<br />
11 | www.hbs.edu/socialenterprise
Snapshot of Public Sector: Some Alumni Examples<br />
• Suzanne Bishopric, MBA 1979, Treasurer, United Nations<br />
• Jonathan Bloom, MBA 1972, Deputy Vice President, Department of Compact Implementation,<br />
Millennium Challenge Corp<br />
• Michael Bloomberg, MBA 1966, Mayor, City of New York<br />
• Paul Connolly, MBA 1980, First Vice President and COO, Federal Reserve Bank of Boston<br />
• David Margalit, MBA 2001, Deputy Commissioner, City of New York<br />
• Kunal Merchant, MBA 2007, Chief of Staff, Office of Mayor Kevin Johnson<br />
• Tim Nicolette, MBA 2008, Deputy CFO, Boston Public <strong>School</strong>s<br />
• Valerie Santos, MBA 2003, Deputy Mayor for Economic Development and Planning, Government<br />
of the District of Columbia<br />
• David Schlendorf, MBA 2003, Special Advisor, Federal Bureau of Investigation<br />
• Steve Spinner, MBA 1996, Small <strong>Business</strong> Loan Guarantee Program Advisor, U.S. Department of<br />
Energy<br />
• Meredith Weenick, MBA 2002, Associate Director of Administration and Finance, City of Boston<br />
12 | www.hbs.edu/socialenterprise
How MBA Skills Apply: The Types of Challenges You May Address<br />
• Strategic planning<br />
• Performance measurement/management and accountability<br />
• Financial sustainability and income generating strategies<br />
• Multi-sector collaboration<br />
• Going to scale<br />
• Enterprise-level vs. system-wide approaches<br />
• Capacity building – human and physical capacity<br />
• Role of volunteers<br />
13 | www.hbs.edu/socialenterprise
Where Do Graduates Tend to Go?<br />
• Mid-large organizations<br />
• Follow other MBAs<br />
• General management roles<br />
• Early career: program director, strategy, new business development, operations; bias<br />
to CFO, fundraising<br />
• Later career: COO, CEO<br />
• Start their own organizations<br />
• Intermediary organizations<br />
• Consulting<br />
• Venture philanthropy<br />
• Foundations/funders<br />
• Multiple sector careers<br />
14 | www.hbs.edu/socialenterprise
MBA Paths: What We Know<br />
• At any given point, more than 1/3 of HBS alumni are actively involved on nonprofit boards<br />
• 5% of alumni report that they are employed within a social enterprise<br />
• Of those employed fulltime in the nonprofit sector:<br />
• 40% are in a CEO role; others in general management roles (program director, CFO, COO, etc.)<br />
• 50% have been able to move back and forth between sectors<br />
• Of those who transitioned into SE from private sector, 60% within 5 years of HBS graduation<br />
• Most full-timers used their personal networks and HBS resources during their job searches<br />
• Many alumni in public sector and strategic corporate citizenship roles<br />
Sources: 2005 and 2006 annual HBS alumni surveys; March 2002 survey of SEAA membership conducted for SEI by the Bridgespan Group (n=200)<br />
15 | www.hbs.edu/socialenterprise
Alumni Career Paths: Some Examples<br />
Nonprofit Carter Roberts, MBA 1988,<br />
President and CEO, World Wildlife Fund<br />
For-Profit Colin Brady, MBA 2004,<br />
COO, (PRODUCT) RED<br />
HBS Procter & Gamble and Gillette <br />
The Nature Conservancy <br />
World Wildlife Fund<br />
Discovery Channel, MTV HBS <br />
Endeavor Agency and McKinsey <br />
(PRODUCT) RED<br />
Public<br />
Sector<br />
Meredith Weenick, MBA 2002,<br />
Director of Administration & Finance,<br />
City of Boston, Office of the Mayor<br />
City Year Massachusetts Service Alliance<br />
American Association of State Service<br />
Commissioners HBS City of Boston,<br />
Office of the Mayor<br />
16 | www.hbs.edu/socialenterprise
MBA Paths: Some Considerations<br />
Benefits<br />
• Exposure to diverse and complex<br />
situations and people<br />
• High-impact application of business<br />
skills<br />
• High levels of responsibility<br />
• Compelling opportunities/need for<br />
management skills<br />
• Make a difference in the world with a<br />
focus on your passions<br />
Considerations<br />
• Lower average salaries<br />
• Less clear career paths and fewer<br />
mentors<br />
• Less developed networks (HBS,<br />
intermediaries, etc.)<br />
• Potential difficulty re-entering the<br />
private sector<br />
• Resources vs. objectives<br />
• Decision-making processes<br />
17 | www.hbs.edu/socialenterprise
Approaching the Job Search: Defining Your Interests<br />
Understanding near-term goals<br />
• What do I want to be doing 5 years out?<br />
• What job do I want right after graduation?<br />
• How does my summer job fit into this?<br />
• Previous experience and other HBS opportunities<br />
Defining interests<br />
• Issue/industry<br />
• Type of organization<br />
• Function within the organization<br />
• Location<br />
Within context of long-term goals (different roles; path throughout career)<br />
View this as a building process that will last throughout your career<br />
18 | www.hbs.edu/socialenterprise
Approaching the Job Search: First Steps<br />
• Take self-assessment test<br />
• Talk to career coach, mentors, classmates and other students and alumni<br />
• Conduct informational interviews with people in the sector/those who have<br />
transitioned<br />
• Identify your goals and passions—create and prioritize list of “ideal job”<br />
characteristics<br />
• Explore potential paths through volunteer, summer, and academic activities<br />
19 | www.hbs.edu/socialenterprise
Approaching the Job Search: Getting Started<br />
• Research trends and organizations within sectors of interest<br />
• Trade journals, conferences, on-campus presentations, etc.<br />
• Identify list of target organizations<br />
• Monitor the jobs/opportunities that become available within those organizations<br />
• HBS Job Bank and other Job Boards<br />
• Tailor your resume to link your experience to your desired role<br />
• Develop and practice your positioning statement<br />
• Network, network, network: Informational and practice interviews<br />
20 | www.hbs.edu/socialenterprise
Approaching the Job Search: What are Organizations Looking For?<br />
• Demonstrated commitment to field and issues<br />
• Cross-sector “sensitivity”<br />
• Specific functional skills<br />
• e.g. strategic planning, analytical skills, financial management, project implementation, managing<br />
change, managing teams, etc.<br />
• Evidence of ability to function in multidisciplinary environment<br />
• Enterprise view<br />
• Flexibility and adaptability in context of:<br />
• Multiple stakeholders<br />
• Resource constraints<br />
21 | www.hbs.edu/socialenterprise
Approaching the Job Search: Evaluating Opportunities<br />
• Evaluate the organizational fit<br />
−<br />
−<br />
Organizational structure and culture<br />
Key issues facing senior management<br />
• Will the role be challenging and interesting?<br />
• Will it advance me down the right path?<br />
• Does it fit with and add to my skills?<br />
• How will this play in my future job search(es)?<br />
• Does the organization know how to use MBAs?<br />
• What kind of impact will I have?<br />
• Does it fit with my overall goals?<br />
22 | www.hbs.edu/socialenterprise
HBS Resources<br />
Social Enterprise Initiative Website: www.hbs.edu/socialenterprise<br />
• Resources by topic: www.hbs.edu/socialenterprise/resources<br />
• Careers and recruiting: www.hbs.edu/socialenterprise/careers<br />
Baker Library Research Guide: www.library.hbs.edu/guides/socialenterprise<br />
• Including Guidestar, Chronicle of Philanthropy, Nonprofit Times, CSR Wire, The Corporate<br />
Social Ratings Monitor (from KLD)<br />
Working Knowledge articles: http://hbswk.hbs.edu/topics/nonprofit.html<br />
Alumni Navigator Database: www.alumni.hbs.edu<br />
• Search under key words such as: arts/culture, community/economic development,<br />
education, foundation/grant-making, general government, health services, international<br />
development/relief, other nonprofit, social services, etc.<br />
23 | www.hbs.edu/socialenterprise
Other Resources<br />
Career Specific<br />
Alliance for Nonprofit Mgmt: www.allianceonline.org<br />
America’s Job Bank: www.jobsearch.org<br />
Bridgestar: www.bridgestar.org<br />
Career Builder: www.careerbuilder.com<br />
Career Journal: www.careerjournal.com<br />
CEO Update: www.ceoupdate.com<br />
Charity Channel: www.charitychannel.com<br />
Commongood Careers: www.cgcareers.org<br />
Community Career Center: www.nonprofitjobs.org<br />
Deep Sweep: www.deepsweep.com<br />
Zoosa: www.zoosa.com<br />
ExecSearches: www.execsearches.com<br />
Idealist: www.idealist.org<br />
Issacson Miller: www.imsearch.com<br />
Justmeans: www.justmeans.com<br />
Monster: www.monster.com<br />
Nonprofit Career Network: www.nonprofitcareer.com<br />
Nonprofit Careers: www.nonprofitcareers.org<br />
Nonprofit Oyster: www.nonprofitoyster.com<br />
Opportunity Knocks: www.opportunitynocs.org<br />
Philanthropy Careers: www.philanthropycareers.com<br />
Work For a Good Cause: www.work4agoodcause.com<br />
Board<br />
Boardnet USA: www.boardnetusa.org<br />
Other Sources<br />
Bridgespan Group: www.bridgespangroup.org<br />
CompassPoint: www.compasspoint.org<br />
Foundation Center: www.foundationcenter.org<br />
Guidestar: www.guidestar.org<br />
Publications<br />
Chronicle of Philanthropy: www.philanthropy.com<br />
Fast Company (Social Capitalist Awards):<br />
www.fastcompany.com/social<br />
BoardSource: www.boardsource.org<br />
Independent Sector: www.independentsector.org<br />
Net Impact: www.netimpact.org<br />
REDF: www.redf.org<br />
Urban Institute/National Center for Charitable Statistics:<br />
www.nccs.urban.org<br />
Nonprofit Times: www.nptimes.com<br />
Philanthropy Journal: www.philanthropyjournal.org<br />
Stanford Social Innovation Review: www.ssireview.com<br />
24 | www.hbs.edu/socialenterprise
Gaining Exposure/Expertise Through the Curriculum:<br />
Electives and Field-Based Opportunities<br />
SE Elective Courses<br />
• Agribusiness<br />
• Authentic Leadership Development<br />
• <strong>Business</strong> and the Environment<br />
• <strong>Business</strong> at the Base of the Pyramid<br />
• Commerce and Society: <strong>Business</strong> and<br />
Creation of Social Value<br />
• The Energy <strong>Business</strong> and Geopolitics<br />
• Entrepreneurship and Venture Capital in<br />
Healthcare<br />
• Entrepreneurship in Education Reform<br />
• Field Study Seminar: Building Green<br />
<strong>Business</strong>es<br />
• Field Study Seminar: Innovating in Healthcare<br />
• Innovating in Healthcare<br />
• Institutions, Macroeconomics, and the Global<br />
Economy<br />
SE Elective Courses (cont’d)<br />
• Leading and Governing High Performing<br />
Nonprofit Organizations<br />
• Managing Global Health: Design, Delivery and<br />
Evaluation of Global Health Programs<br />
• Managing Medicine<br />
• Microeconomics of Competitiveness: Firms,<br />
Clusters and Economic Development<br />
• The Moral Leader<br />
• Real Estate in Emerging Markets<br />
Field-Based Opportunities<br />
• Course papers<br />
• Field study/independent student research<br />
project<br />
• Immersion Programs<br />
25 | www.hbs.edu/socialenterprise
Pursuing Student-Led SE Activities<br />
• Social Enterprise Club<br />
• HBS Board Fellows<br />
• Social Enterprise Conference<br />
• Interest Communities<br />
• <strong>Business</strong>, Industry, and Government Club<br />
• Global <strong>Business</strong> Club<br />
• Greentech and Sustainability Club<br />
• Harbus Foundation<br />
• Healthcare Club<br />
• New Orleans Immersion<br />
• Volunteer Consulting Organization<br />
• Volunteers<br />
26 | www.hbs.edu/socialenterprise
Social Enterprise Career Development Opportunities and Programs<br />
• Resources<br />
• MBA Career and Professional Development<br />
• Industry and informational presentations<br />
• Speakers and recruiters<br />
• In the Field<br />
• HBS Social Enterprise Summer Fellowship Program<br />
• Social Enterprise <strong>Business</strong> Plan Contest<br />
• HBS Leadership Fellows Program<br />
• HBS Nonprofit/Public Sector Loan Repayment Assistance Program<br />
• Other HBS loan reduction programs<br />
• HBS Social Entrepreneurship Fellowship<br />
27 | www.hbs.edu/socialenterprise
Your Engagement in Social Enterprise<br />
FIRST YEAR SUMMER SECOND YEAR POST-GRAD<br />
Required Curriculum<br />
• Leadership and<br />
Corporate<br />
Accountability<br />
• Cases in other<br />
courses<br />
Programs and Activities<br />
• Student Clubs<br />
• January Term<br />
Immersions, Intensive<br />
Studies, Independent<br />
Projects<br />
• Social VentureTrack<br />
of <strong>Business</strong> Plan<br />
Contest<br />
Careers<br />
• Coaching<br />
• Industry Week<br />
• Other presentations,<br />
speakers, and<br />
recruiters<br />
Careers<br />
• Social Enterprise<br />
summer associate<br />
positions and<br />
funding via the<br />
Social Enterprise<br />
Summer Fellowship<br />
Program<br />
Elective Curriculum<br />
• SE focused and<br />
related course<br />
• Field based learning<br />
and funding via the<br />
Social Enterprise<br />
Field Study Grant<br />
program<br />
Programs and Activities<br />
• Student Clubs<br />
• January Term<br />
Immersions,<br />
Intensive Studies,<br />
Independent Projects<br />
• Social Venture Track<br />
of <strong>Business</strong> Plan<br />
Contest<br />
Careers<br />
• Coaching<br />
• Industry Week<br />
• Other presentations,<br />
speakers, and<br />
recruiters<br />
Programs and Activities<br />
• HBS Social<br />
Enterprise Alumni<br />
Association<br />
• Local alumni clubs:<br />
events, pro bono<br />
consulting programs,<br />
etc.<br />
• Reunion activities<br />
Careers<br />
• HBS Leadership<br />
Fellows<br />
• HBS Nonprofit/Public<br />
Sector Loan<br />
Repayment<br />
Assistance Program<br />
• Other HBS loan<br />
support programs for<br />
graduating students<br />
28 | www.hbs.edu/socialenterprise
2009 | Industry Destinations<br />
2%<br />
1%<br />
1% 11%<br />
2%<br />
6%<br />
5%<br />
8%<br />
Career<br />
2%<br />
7%<br />
8%<br />
28%<br />
8%<br />
3%<br />
5%<br />
3%<br />
Summer<br />
3%<br />
0% 5% 7% 14%<br />
3% 7%<br />
2%<br />
13%<br />
10%<br />
3%<br />
9%<br />
6% 3%<br />
7%<br />
7%<br />
Consulting<br />
Energy/Cleantech<br />
Healthcare<br />
I-Management/Hedge Funds<br />
Non-profit/Government<br />
Other Services<br />
Real Estate<br />
Technology<br />
Consumer Products<br />
Entertainment/Media<br />
I-Banking/Sales and Trading<br />
Manufacturing<br />
Other Financial Services<br />
Private Equity/LBO<br />
Retail<br />
Venture Capital<br />
Consulting<br />
Energy/Cleantech<br />
Healthcare<br />
I-Management/Hedge Funds<br />
Non-profit/Government<br />
Other Services<br />
Real Estate<br />
Consumer Products<br />
Entertainment/Media<br />
I-Banking/Sales and Trading<br />
Manufacturing<br />
Other Financial Services<br />
Private Equity/LBO<br />
Retail<br />
29 | www.hbs.edu/socialenterprise
2009 Nonprofit/Government | Function Destinations<br />
Career<br />
Summer<br />
3%<br />
3%<br />
20%<br />
11%<br />
11%<br />
16%<br />
10%<br />
23%<br />
14%<br />
29%<br />
37%<br />
4%<br />
10%<br />
9%<br />
<strong>Business</strong> Development<br />
Finance<br />
Marketing<br />
Other<br />
Consulting<br />
General Management<br />
Strategic Planning<br />
<strong>Business</strong> Development<br />
Consulting<br />
Finance<br />
General Management<br />
Marketing<br />
30 | www.hbs.edu/socialenterprise
2009 Nonprofit/Government | Location Destinations<br />
Career<br />
Summer<br />
3%<br />
3% 3% 0%<br />
0%<br />
3%<br />
3%<br />
2%<br />
3%<br />
6%<br />
40%<br />
12%<br />
7%<br />
5%<br />
33%<br />
37%<br />
8%<br />
3%<br />
3%<br />
27%<br />
Northeast<br />
South<br />
Southwest<br />
Other U.S.<br />
Europe<br />
Canada<br />
Mid-Atlantic<br />
Midwest<br />
West<br />
Asia/South Pacific<br />
Latin America<br />
Other International<br />
Northeast<br />
South<br />
Southwest<br />
Other U.S.<br />
Europe<br />
Canada<br />
Mid-Atlantic<br />
Midwest<br />
West<br />
Asia/South Pacific<br />
Latin America<br />
Other International<br />
31 | www.hbs.edu/socialenterprise
Class of 2009 | Nonprofit/Government – Industry Accessibility<br />
Question 1:<br />
Of the people who went into Nonprofit/Govt, what did<br />
they do before coming to HBS?<br />
32 | www.hbs.edu/socialenterprise
Pre-HBS Experience<br />
Class of 2009 | Nonprofit/Government – Industry Accessibility<br />
100%<br />
80%<br />
3%<br />
3%<br />
9%<br />
3%<br />
6%<br />
60%<br />
34%<br />
40%<br />
6%<br />
14%<br />
20%<br />
3%<br />
3%<br />
17%<br />
0%<br />
Venture Capital Technology Private Equity/LBO Other Services<br />
Manufacturing Other Financial Services I-Management/Hedge Funds I-Banking/Sales and Trading<br />
Healthcare Energy/Cleantech Consumer Products
Class of 2009 | Nonprofit/Government – Industry Accessibility<br />
Question 1:<br />
Of the people who went into Nonprofit/Govt, what did<br />
they do before coming to HBS?<br />
Question 2:<br />
Of the people who did not work in Nonprofit/Govt before<br />
HBS, what did they do for their summer?<br />
34 | www.hbs.edu/socialenterprise
Class of 2009 | Nonprofit/Government – Industry Accessibility<br />
100%<br />
80%<br />
60%<br />
40%<br />
20%<br />
7%<br />
13%<br />
13%<br />
20%<br />
7%<br />
13%<br />
27%<br />
Summer Experience<br />
0%<br />
Venture Capital Technology Manufacturing Other Financial Services<br />
Non-profit/Government Healthcare Consumer Products Consulting<br />
35 | www.hbs.edu/socialenterprise
Nonprofit/Government | First Point of Contact<br />
70%<br />
60%<br />
50%<br />
40%<br />
30%<br />
20%<br />
10%<br />
0%<br />
Career % Summer %<br />
36 | www.hbs.edu/socialenterprise
Nonprofit/Government | Job Posting Timing<br />
30%<br />
20%<br />
10%<br />
0%<br />
Sept 2008 Oct 2008 Nov 2008 Dec 2008 Jan 2009 Feb 2009 Mar 2009 Apr 2009 May 2009 June 2009<br />
Career<br />
Summer<br />
37 | www.hbs.edu/socialenterprise
Nonprofit/Government | Summer Offer and Accept Timing<br />
55%<br />
50%<br />
45%<br />
40%<br />
35%<br />
30%<br />
25%<br />
20%<br />
15%<br />
10%<br />
5%<br />
0%<br />
December 2008 January 2009 February 2009 March 2009 April 2009 May 2009 - end of<br />
year<br />
Received % Accepted %<br />
38 | www.hbs.edu/socialenterprise
Nonprofit/Government | Career Offer and Accept Timing<br />
50%<br />
45%<br />
40%<br />
35%<br />
30%<br />
25%<br />
20%<br />
15%<br />
10%<br />
5%<br />
0%<br />
September<br />
2008<br />
October 2008<br />
November<br />
2008<br />
December<br />
2008<br />
January 2009<br />
February<br />
2009<br />
March 2009 April 2009 May 2009 June 2009 -<br />
Graduation<br />
Received % Accepted %<br />
39 | www.hbs.edu/socialenterprise
Nonprofit/Government | Job Satisfaction Criteria<br />
45%<br />
40%<br />
35%<br />
30%<br />
25%<br />
20%<br />
15%<br />
10%<br />
5%<br />
0%<br />
Career % Summer %<br />
40 | www.hbs.edu/socialenterprise
Class of 2010 | Nonprofit/Government – Summer Postings in MBA<br />
Job Bank<br />
Acumen Fund, Inc<br />
Endeavor<br />
New England Conservatory of<br />
Music<br />
Room to Read<br />
Agora Partnerships Environmental Defense Fund New Profit Inc. Root Capital<br />
Ashoka Federal Bureau of Investigation New <strong>School</strong>s for New Orleans Rubicon Programs, Inc<br />
Asian Development Bank Acumen Fund, Inc. New Sector Alliance<br />
Schwab Foundation for Social<br />
Entrepreneurship<br />
Broadmoor Improvement<br />
Association GlobalGiving New York City Mayor's Office Sustainable Conservation<br />
BUILD International Youth Foundation Office of Mayor Kevin Johnson The Alba Collective<br />
City of Chicago Jumpstart Opportunity Funding Corporation The Ocean Conservancy<br />
CLF Ventures, Inc<br />
Lincoln Center for the Performing<br />
Arts, Inc.<br />
Partners in Health<br />
The Public Learning Media<br />
Laboratory, Inc.<br />
Cristo Rey New York High <strong>School</strong> Living Cities Peer Health Exchange The Sustainable Food Lab<br />
D.C. Public <strong>School</strong>s<br />
National Park <strong>Business</strong> Plan<br />
Initiative<br />
Positive Coaching Alliance<br />
United Nations Development<br />
Program (UNDP)<br />
Dalberg Global Development<br />
Advisors<br />
Denver Public <strong>School</strong>s<br />
National Trust for Historic<br />
Preservation ProInspire Victory <strong>School</strong>s<br />
Natural Resources Defense Council<br />
(NRDC) Project HEALTH Women's World Banking<br />
Education Pioneers, Inc. Nature Conservancy (The) Public Broadcasting Service Blue Ocean Institute<br />
Embrace NatureServe REDF Coral Reef Alliance<br />
New England Conservatory of<br />
Acumen Fund, Inc.<br />
Endeavor<br />
Music<br />
<strong>Harvard</strong> University<br />
41 | www.hbs.edu/socialenterprise
Class of 2009 | Nonprofit/Government – Career Postings in MBA Job<br />
Bank<br />
African Leadership Academy<br />
Department of Health and Human<br />
Services Jumpstart Right To Play<br />
Aspen Institute Deshpande Foundation KIPP Foundation Root Capital<br />
Building Excellent <strong>School</strong>s Dillard University Kresge Foundation Sesame Workshop<br />
Calvert Foundation<br />
Elizabeth Glaser Pediatric AIDS<br />
Foundation<br />
Citizen <strong>School</strong>s Endeavor Mercy Corps<br />
Lincoln Center for the Performing<br />
Arts, Inc.<br />
Special Olympics Incorporated<br />
Sustainable Health Enterprises<br />
(SHE)<br />
City of Boston Environmental Defense Fund New Profit Inc. Taproot Foundation<br />
City of New York<br />
Facilitating Leadership in Youth,<br />
Inc. New Sector Alliance Teach For America<br />
Civic Builders Federal Bureau of Investigation New<strong>School</strong>s Venture Fund TechnoServe, Inc.<br />
Clinton Foundation HIV/AIDS<br />
The Bill & Melinda Gates<br />
Initiative Global Citizen Year Opportunity International<br />
Foundation<br />
College Fund/U N C F (The) Grassroots <strong>Business</strong> Fund Partners in Health<br />
The Broad Residency in Urban<br />
Education<br />
Corporation for Public Broadcasting Harlem Children's Zone, Inc. Peace Games CIFF<br />
Creative Arts Workshops for Kids Hospital for Special Surgery Peer Health Exchange The Ford Foundation<br />
D.C. Public <strong>School</strong>s ICEF Public <strong>School</strong>s Project Enterprise<br />
The Initiative for a Competitive Inner<br />
City<br />
Dalberg Global Development<br />
Advisors<br />
International Save the Children<br />
Alliance Project HEALTH World Wildlife Fund<br />
42 | www.hbs.edu/socialenterprise
Class of 2009 | Nonprofit/Government - Compensation Data<br />
$150,000<br />
$100,000<br />
$50,000<br />
$-<br />
Median<br />
Average<br />
Base Salary Additional G'teed Comp Tuition Reimbursement Relocation<br />
43 | www.hbs.edu/socialenterprise
SE Industry Week<br />
Monday, September 28 Tuesday, September 29 Wednesday, September 30 Thursday, October 1<br />
Industry <strong>101</strong><br />
6:00 -7:00 pm<br />
Hawes <strong>101</strong><br />
<strong>Business</strong> Approaches to<br />
Social Enterprise<br />
3:00 - 4:00 pm<br />
Hawes <strong>101</strong><br />
Social Enterprise Career<br />
Paths<br />
3:00 - 4:00 pm<br />
Hawes <strong>101</strong><br />
Emerging Themes in<br />
Nonprofit Sector<br />
3:00 - 4:00 pm,<br />
Hawes <strong>101</strong><br />
“Perspectives from the<br />
Field”<br />
“Perspectives from the<br />
Field”<br />
4:30 - 5:30 pm<br />
4:30 - 5:30 pm<br />
Topics include:<br />
Topics include:<br />
• Education<br />
Hawes <strong>101</strong><br />
• Government/ Public<br />
Service<br />
Hawes 102<br />
• International<br />
Development<br />
Hawes <strong>101</strong><br />
• Foundations and<br />
Philanthropy<br />
Hawes 102<br />
• Environment<br />
Hawes 201<br />
44 | www.hbs.edu/socialenterprise
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