A whopping 99.4% of students at the Northeastern University D’Amore-McKim School of Business had an internship before graduating in 2018. And with the school’s co-op system, that’s no surprise.
Cooperative Education (co-op) is a distinctive educational approach that Northeastern and a few other schools are known for. Students may take six months away from school, during which they are not charged tuition, in order to complete a paid internship. At the D’Amore-McKim School, at least one co-op is required to graduate. The school has partnerships were thousands of companies worldwide, and works one-on-one with students to help them develop interviewing and resume-writing skills.
“The co-op was a huge draw to the school,” says Brian Schwartz, an alumnus from the Class of 2014. “I was fascinated with being able to graduate with up to a year and a half of experience, and the concept of making your classroom time more practical and less theoretical.”
At D’Amore-McKim, students start leaving campus for co-ops as early as the sophomore year. Schwartz, who was majoring in business with a finance concentration says he worked at a tech company for his first co-op, did more operational work for the second, and took a step away from finance and worked at a cloud consulting company for his last.
“You can graduate knowing that you at least checked off some of the boxes,” he says. “I graduated with a very robust resume compared to some of my colleagues who went through more traditional programs. I’d been through a ton of interviews, I’d worked in a corporate environment, and I can definitely say that aided my post-grad job opportunities.”
NOT JUST A CO-OP SCHOOL
While the co-op program is a highlight of the undergraduate business experience at Northeastern, there’s more to the program, says Jeffrey Born, the associate dean of undergraduate programs and a finance professor at the school.
“We’ve got some extraordinary faculty here that are making impactful contributions to research,” Born says. “It’s not just about co-ops. There is a strong and rigorous academic program here with top faculty.”
That academic prowess has manifested in three new concentrations at D’Amore-McKim — including marketing analytics, healthcare management and consulting, and international business. The three additional study areas bring D’Amore-McKim’s concentration options to 10.
Another continued focus-area for biz majors is the development of innovation and an entrepreneurial mindset, Born says. “We’ve got two long-standing commitments towards helping the students develop a global mindset as well as developing and fostering the business and innovation,” he continues.
Part of developing that global mindset has manifested in enrolling more international students than any other school in our Best Undergraduate Business Schools guide. Some 31% of the class entering in Fall 2018 were from outside of the U.S.
“A class of 30 students can have as many as 10 or more countries represented, and lessons learned from each other are sometimes the most powerful and longest lasting,” Born told Poets&Quants at the beginning of 2019. “Based on our strategy, an internationally diverse student body just makes sense.”
STUDENTS INCREASINGLY COMPLETING ‘COMBINED MAJORS’
Born says one increasingly popular area for Northeastern biz majors is what the school calls “combined majors.” Different from a dual major, Born says students spend about half of their time within the business school and half in an area outside of the B-school. Some examples of combined majors have included psychology and business or communications and business or — the most popular — computer science and business. “What we’re finding is that as SAT scores rise, the interest in the combined majors is growing quite rapidly, quite fast,” Born says, noting applications to the combined major made up about a third of the business applications this year.
Students can choose to apply to one school or another, Born explains. “You have a choice where you want to start as your home or where you want to live in that first semester or first year,” he continues. Born says the combined majors program has been a differentiator compared to the cluster of other elite universities in Boston and the surrounding region. “It’s really getting a deep dive into a secondary area,” Born says of the combined majors. “That has separated us from other school in town and in the region.”
Northeastern grads had some of the best employment outcomes for the graduating Class of 2018. Nearly 98% of graduates seeking employment had secured a full-time position within six months of graduation. The average salary of those reporting first-salary figures was $66,101. No doubt, D’Amore-McKim provides a rich and unique business education experience where students are nearly guaranteed to receive a quality job quickly after graduation.
What Alumni Say:
“I did three, 6-month full-time co-op internships at tech companies in Boston and California, as well as studied abroad in Spain and Italy.” – Recent Alum
“At entrepreneurs finance class, we have a project to create a new product or service. This project help me to understand how to make an idea to the real product and I always use the knowledge I gain from the courses in my career.” – Recent Alum
“During my time at business school I was given a unique opportunity to gain deep insight into the rapidly transforming role of marketing within small, medium and large organizations in the consumer retail, technology and finance industry during three different six-month co-op experiences. Now I am taking this experience to transform advertising in Africa with my current venture.” – Recent Alum
Where The Class of 2018 Went To Work:
PwC – 20
EY – 13
Deloitte – 12
Goldman Sachs – 10
Morgan Stanley – 9
Johnson & Johnson – 8
ScotiaBank – 7
IBM – 6
Amazon – 5
State Street – 5