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Earning a master of business administration degree can come with a hefty price tag, with top schools ranging from $50,000 to $80,000 per year. For professionals seeking to advance their careers, many may wonder: Is an MBA worth it? The report investigated the economic value of the most popular degree programs, ranking the value of 5,500 business programs at more than 1,700 colleges. For those looking to pursue advanced business studies, here are the top 10 MBA programs that pay off the most right away. Some well-known schools, such as Harvard Business School, didn't earn top spots in the ranking, due to low median earnings.
Persons: Martin Van Der Werf, Van Der, Van Der Werf, didn't Organizations: Georgetown University Center, Education, CNBC, MBAs, Georgetown University, Harvard Business School
Accessing Capital to Drive Growth
  + stars: | 2023-08-02 | by ( Kate Rogers | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAccessing Capital to Drive GrowthDespite continued economic uncertainty, growth opportunities do currently exist for small businesses. But growth often requires capital, which has become a major focus of the Small Business Administration. We'll discuss the agency's programs that offer financial assistance, and access, for US-based small business owners, and what the govt is doing to elevate businesses from historically marginalized groups. This interview was a part of CNBC's Small Business Playbook event on August 2nd, 2023.
Persons: We'll Organizations: Small Business Administration, US, CNBC's
These efforts are meant to close capital access gaps for minority and rural small business owners. SBA loans, typically made by banks and other financial institutions, help entrepreneurs start and grow their small businesses. Fewer very small businesses have recently gotten loans, while startups have historically been viewed as risky by banks. Additionally, Black- and Hispanic-owned small businesses have a harder time securing credit than white-owned small businesses. Three nonbank lenders will be licensed to make SBA loans above $350,000, which some industry experts believe could make riskier loans.
Persons: Biden, Guzman, Han Nguyen Organizations: Business Administration, Service, Small, Administration, SBA, Entrepreneurs, Wall Street, Business Lending Company, Wall Street Journal Locations: Wall, Silicon
Pakistan paid for its first Russian crude cargo in Chinese yuan. "How will it pay other lenders and how will it finance trade with China if it uses the low yuan reserves to pay for Russian oil?" However, Urals quality is a deterrent, as Pakistan's refineries cannot get as much gasoline and diesel out of Urals crude as they produce from Saudi and UAE crudes. Kpler's Katona expects Pakistan's liquidity issues and technical challenges to weigh on its appetite for Russian crude. "Russian imports into Pakistan will not grow into anything bigger than one cargo per month," he said.
Persons: Shahbaz Ashraf, Aadil Nakhoda, Nakhoda, Viktor Katona, Zahid Mir, Mir, PRL, Kpler's Katona, Ariba Shahid, Charlotte Greenfield, Florence Tan, Sonali Paul Organizations: Pakistan, United, FRIM Ventures, Karachi's Institute of Business Administration, Saudi, Pakistan Refinery Ltd, Reuters, Thomson Locations: KARACHI, Pakistan, Ukraine, Russia, Saudi Arabia, United Arab Emirates, Islamabad, Moscow, China, PORT, Oman, Saudi Arab, Saudi, UAE, Karachi, Sudarshan, Singapore
The Department of Labor is heightening enforcement of child labor laws through new partnerships and tactics. On Thursday, the Department of Labor announced it would take more measures to crack down on illegal child labor nationally, including heightening enforcement of child labor laws through new tactics and partnering with other agencies and foreign governments. "Like the President, we believe that any child working in a dangerous or hazardous environment is one child too many." This comes after the department's February 2023 announcement of the Interagency Task Force to Combat Child Labor Exploitation, created in response to a 69% increase in illegal child labor findings from 2018 to 2022. Sixteen more McDonald's franchise locations in Louisiana and Texas were found in violation of child labor laws last week, impacting 83 minors.
Persons: Biden, Labor Julie Su Organizations: of Labor, Service, Department of Labor, Labor, Department of Health, Human Services, Refugee Resettlement, The Department of Labor, Housing, Urban Development, Transportation, US Small Business Administration, Commission, The Labor, State, Department of Education, Interagency, Force, Combat, The Locations: Wall, Silicon, Colombia, El Salvador, Guatemala, Honduras, Mexico, Minnesota, Kentucky , Indiana , Maryland, Ohio, Louisiana, Texas, Missouri , Ohio, South Dakota
Chobani founder and CEO Hamdi Ulukaya went from working on a farm with little money to running a billion-dollar business — and he did it without sticking to a plan. "[When you stick to plans] you're creating some kind of rigid lines and not seeing the dimension of possibilities." Years later, Ulukaya came across an ad for a fully equipped yogurt factory — and buying it meant he needed a business plan. "I made my first business plan that I wrote for the Small Business Administration to [get a loan] to buy that whole factory... Ulukaya isn't the only one ditching the conventional wisdom of building a career plan and sticking to it.
Persons: Hamdi Ulukaya, Adam Grant, Grant, Ulukaya, Chobani, Tim Cook, Cook, I'm Organizations: Small Business Administration, Apple, Duke University Locations: Turkey, New York
More than a year later, she was told her application required a key document that was stuck behind enemy lines in Ukraine. "There's always a trade-off between rapid and sustainable labour market integration," said Thomas Liebig, chief economist for the OECD's international migration department. Researchers from Minor, a migration policy think tank, said the large-scale inflow of refugees from Ukraine is seen as a great opportunity in Germany. While the refugees' fate is partly tied to the unknowable course of the Ukraine war, the EU's temporary protection scheme for Ukraine refugees is at present due to expire in March 2024. This puts employers who want to hire refugees in a difficult situation, as they don't know if Ukrainian refugees will be able to stay.
Persons: Maria, Lukas Barth, Svetlana Chuhil, Chuhil, Lauren, Thomas Liebig, Oksana Krotova, Krotova, Ildiko Pallman, Gizem Uensal, Enzo Weber, Jan Lopatka, Catherine Evans Organizations: REUTERS, Reuters Graphics Reuters, Deloitte, Reuters, OECD, United Nations, Minor, German Institute for Employment Research, Thomson Locations: Mykolaiv, Ukraine, Aschheim, Munich, Germany, BERLIN, WARSAW, Poland, Zgorzelec, Goerlitz, Paris, Europe's, Berlin, Kyiv, Prague
He launched his own tech business and recommends all potential founders learn about sales. I was more comfortable failing at that point in my life than working a job that I thought wasn't realizing my potential. What worked for me was making a list of other people who've been really successful networkers after first studying them by reading articles or listening to podcasts. Back when I was in college, I wish I knew that college is more about networking than learning. With this strategy in mind, if you think you're going to start a business, then college isn't needed, in my opinion.
Persons: Daniel Fayle, Fayle, It's, it's, , We're, who've, Brian Grazer, you've, isn't, They've, Jenna Gyimesi Organizations: Warner Brothers, Nike
I started to realize that Walmart and Amazon don’t have identical strategies because they aren’t going after identical customers. Walmart customers, on average, have lower incomes and are more price sensitive. Amazon customers are willing to pay more for the variety — both from Amazon itself and from the vast array of third-party sellers doing business on Amazon Marketplace. They follow everyday low pricing,” Sikdar said. Mostly it is itself the retailer.”Amazon, in contrast, puts fewer limits on its third-party sellers.
Persons: Watson, Eric Youngstrom, Rafi Mohammed, ” Mohammed, Vrinda Kadiyali, Cornell’s, Prasad Vana, Sikdar, Walmart’s, ” Sikdar, Giles Hooker Organizations: Walmart, Amazon, Onramp, Profit, Amazon Marketplace, Dartmouth College’s Tuck School of Business, Cornell’s Johnson Graduate School of Management, Cornell, University of Pennsylvania Locations: Cambridge, Amazon, Tuck
A 6.4 magnitude earthquake had just struck Rio Dell, California, upending homes and lives for the community of 3,400 people near Oregon. “It’s a gamble to not have it,” Rio Dell City Manager Kyle Knopp said. A whopping 90% of homes in California aren’t covered by earthquake insurance, according to Glenn Pomeroy, CEO of the California Earthquake Authority, a nonprofit quake insurer established by the state. Gavin Newsom proclaimed an emergency for Humboldt County, where Rio Dell is located, in part to help local governments access services. Despite seeing how costly earthquake damage can be, she doubts she’ll buy earthquake insurance for her next home.
Persons: CNN —, Jacqui McIntosh, Rio, McIntosh, , unlivable, “ It’s, Fred Greaves, , Kyle Knopp, Glenn Pomeroy, ” Brian Ferguson, Knopp, ” Knopp, Randy Jensen, ” Jensen, Jensen, Jane Tyska, ” Pomeroy, that’s, Pomeroy, Gavin Newsom, Michelle Bushnell, Bushnell, it’s, Keith Porter, Kent Porter, Bolt, Porter, ” Porter, , Alyssa Jorgensen, Jorgensen, didn’t, ” McIntosh Organizations: CNN, Dell, California Earthquake Authority, California Governor’s, Emergency Services, Mendocino Triple Junction, FEMA, Rio Dell, Reuters, Rio Dell Water, Media, East Bay Times, San, Small Business Administration, Institute, The Press Democrat, Mitigation, retrofits, Earthquake, California Earthquake Locations: Rio Dell , California, Oregon, Rio Dell, California, It’s, Mendocino, Cape Mendocino, Northern California, Montecito, Beverly Hills, Malibu, Rio, Humboldt County
12 of the highest-paying jobs in finance
  + stars: | 2023-06-29 | by ( ) www.businessinsider.com   time to read: +13 min
Getty Images/Peter DazeleyThe finance industry has many high-paying jobs such as chief financial officer, and investment banker. The finance industry is brimming with high-paying, excellent jobs, whether you want to become an accountant, financial analyst or something else entirely. Financial risk managerFinancial risk managers have very important jobs: they help companies and investors understand different levels of financial risk. As high-earning financial professionals, their financial modeling and financial reports are invaluable to the finance sector at large. Most finance professionals in this position have years of experience.
Persons: Peter Dazeley, CPAs Organizations: Getty, Morning, U.S . Bureau of Labor Statistics . Investment, Investment, Financial
New York CNN —The Small Business Administration distributed more than $200 billion in potentially fraudulent Covid-19 relief funds, according to a federal watchdog. At least 17% of the $1.2 trillion distributed by the SBA was wasted in fraud, the report found. Most of the fraud apparently happened through the EIDL funds, with the inspector general estimating more than $136 billion of fraudulent activity in that program. While the program successfully helped many companies pay workers during the pandemic, it was plagued by questionable lending and rampant fraud. To date, the agency has recovered nearly $30 billion in funds, according to the report.
Persons: Chris Steakhouse, Trump Organizations: New, New York CNN, Small Business Administration, SBA, Washington, PPP, Los Angeles Lakers Locations: New York
Konrad Bicher began renting Manhattan apartments in 2019, before subletting them out. On top of violating lease agreements, Bicher obtained nearly $600,000 in Covid relief loans. The self-proclaimed "Wolf of Airbnb" now faces prison time after pleading guilty to fraud. Prosecutors said he failed to make rent payments required by the lease agreements and refused to leave the apartments after the leases expired. When Bicher was indicted in October, Williams said Bicher operated at least 18 apartments in Manhattan "as mini-hotels" while using the pandemic as an excuse not to pay landlords.
Persons: Konrad Bicher, Bicher, Wolf, Airbnb, Prosecutors, Damian Williams, Williams Organizations: Prosecutors, US Small Business Administration Locations: Manhattan, Hialeah , Florida
WASHINGTON, June 27 (Reuters) - Over $200 billion from the U.S. government's COVID-19 relief programs were likely stolen, a federal watchdog said on Tuesday, adding that the U.S. Small Business Administration (SBA) had weakened its controls in a rush to disburse the funds. The SBA disputed the more than $200 billion figure put forward by the watchdog and said the inspector general's approach had significantly overestimated fraud. The agency said its experts put the likely fraud estimate at $36 billion and added that over 86% of that likely fraud took place in 2020, when the administration for former President Donald Trump was in office. The fraud estimate put forward by the inspector general for the EIDL program stood at more than $136 billion while the PPP fraud estimate was $64 billion. Earlier this year, a separate watchdog report said the U.S. government likely awarded about $5.4 billion in COVID-19 aid to people with questionable Social Security numbers.
Persons: government's, Donald Trump, Joe Biden, General Merrick Garland, Kevin Chambers, fraudsters, Kanishka Singh, Aurora Ellis Organizations: U.S . Small Business Administration, SBA, Force, U.S . Justice Department, U.S . Labor Department, Social, Thomson Locations: United States, U.S, COVID, Washington
Fraudsters potentially stole more than $200 billion in federal loans intended to help small businesses struggling during the Covid pandemic, a government watchdog said on Tuesday. More than $136 billion from Economic Injury Disaster Loan program and $64 billion from the Paycheck Protection Program loans was potentially stolen, the inspector general found. In total, SBA disbursed $400 billion in EIDL funds and $800 billion in Paycheck Protection Program loans during the life of the programs. These investigations have led to nearly $30 billion in stolen loans being seized or returned by federal law enforcement agencies. The Economic Injury Disaster Loan program provided low-interest, fixed-rate loans to help small businesses nd other organizations to help cover their operating expenses.
Persons: Kevin Chambers, Hannibal, Mike, Ware, Michael Horowitz, Roy D, Dotson Jr, Bailey DeVries, DeVries, Trump, nonpayment Organizations: Department of Justice, Small Business Administration, United States Secret, Small, Administration, Injury, SBA Locations: Rayburn, Washington ,
She started building her brand — Silly Sparkles — in 2011 to entertain at kids birthday parties. I'm a "clown-mom" who entertains at kids birthday parties. I pivoted to focus on birthday parties during the COVID-19 pandemicEarlier in the COVID-19 pandemic, I had to rethink my marketing strategy. At times in 2020, small birthday parties were still happening where I live. Now I do my business administration on Monday and Wednesday mornings and perform at birthday parties for up to 12 hours every Saturday in Austin.
Persons: Regina Martinez, Martinez, , I'd, I'm Organizations: Facebook, Google, Service Locations: Austin , Texas, Austin
This article is part of CMO Insider, a platform that explores how the role of chief marketing officer is evolving. High tech rules, but traditional media still matters, CMOs sayEven with the dominance of social platforms and the emergence of AI, traditional media still plays a key role for brands. "We rely on traditional media for content whose audiences are still engaging that way, whether it's out-of-home or broadcast. In hospitality, "traditional media still plays a huge role," said Accor's Schellenberger. 1 KPI is building awareness, traditional media is still the best way to do it, along with other digital media tools."
Persons: Ewan McIntyre, it's, Alex Schellenberger, Marian Lee Dicus, Kimberly Whitler, Jessica Jensen, Jensen, Colin Kaepernick, hasn't, Marian Lee, I'm, Whitler, Jonathan Adashek, IBM's, Adashek, ChatGPT, Somebody's, Schellenberger, Netflix's, Indeed's Jensen, Accor's, there's, Dicus, Charlotte, Gartner's McIntyre Organizations: Marketing, Accor, University of Virginia's Darden School of Business, Nike, Netflix, IBM, Research Locations: Paris, jobseekers, Germany
Brands that take stand on social and political issues often face some sort of backlash. Insider spoke to two experts about how brands can use data and research to navigate these challenges. About half of American consumers think brands should take stands on social issues, according to a Gallup poll published in January 2023. "Marketing has all kinds of tools and techniques to understand consumers," Whitler said. Social issues are foremost on the minds of CMOs, but you have to understand what your brand means to your audience and where you have permission to talk about this stuff."
Persons: Bud Light, Kimberly Whitler, Whitler isn't, Whitler, Ewan McIntyre Organizations: University of Virginia's Darden School of Business
A cottage industry of specialist firms has sprung up to help business owners claim the Employee Retention Credit (ERC), a governmental tax incentive intended for companies stressed by the pandemic. To be sure, the IRS warned business owners last October to be on the lookout for third parties promoting improper ERC claims. The IRS went so far as to add fraudulent claims involving the ERC to its annual "Dirty Dozen" list of tax scams. Start by understanding the basic ERC claim requirementsStart by knowing the basics so you can understand whether your business may qualify for a credit. Another red flag is when a third party doesn't ask for documentation to ensure a business owner qualifies, Perrone said.
Persons: Donald N, Hoffman, Danny Werfel, Gina Perrone, Sax, Jenn McCabe, Perrone Organizations: ERC —, Eisner Advisory, IRS, ERC, CPA, Small Business Administration, Armanino
How to get a business loan
  + stars: | 2023-06-08 | by ( Ryan Wangman | Richard Richtmyer | Loans Reporter | ) www.businessinsider.com   time to read: +11 min
You may also consider contacting a business loan specialist or a direct business lender that offers many options. "Business loan options are abundant, and it can be very easy to obtain business financing," says Grayson. Lenders generally look at your time in business, credit scores (both business and personal), cash flow, collateral, and the industry the business is in. Grayson emphasizes three key factors that lenders prioritize before making lending decisions: Ability to repay the loan, the need for the money and how it will assist with a critical business need or growth, and the business and business owner's overall creditworthiness. Grayson emphasizes that research is the most important tool to be successful with a small business loan.
Persons: you've, , Matt Brewster, Gina Taylor Cotter, You'll, Noah Grayson, Grayson, Brewster, Cotter Organizations: Service, Business Administration, Estate Bees, Nonprofit, Revenue
For much of their lives, the Jones siblings had passed by a parking lot on the campus of the University of Alabama in Huntsville without giving it much thought. Then one day, a relative casually pointed to the spot and said she thought it was once owned by their ancestors, who had farmed the land since the 1870s. The Joneses want it back. “For our family and others, it’s not just about the taking of the land, it’s about the taking of our ability to build wealth,” said Michael Jones, 63, the youngest of five brothers and sisters. African American families across the country — particularly in the South — are pushing for the return of land they say was taken in government seizures, an emerging attempt to provide economic restoration for the long saga of Black land loss and deprived inheritances.
Persons: Jones, it’s, , Michael Jones Organizations: University of Alabama Locations: Huntsville
Tiny tech bank defies US massacre of the minnows
  + stars: | 2023-06-08 | by ( John Foley | ) www.reuters.com   time to read: +6 min
One example is $1 billion Live Oak Bancshares (LOB.N), which flouts many preconceptions about what it means to be a tiny U.S. bank. But if those failures demonstrated that rapid growth brings escalating risk, Live Oak is a counterexample. Because of the way that programme is structured, around 40% of Live Oak’s lending carries a government guarantee. The company spun out its cloud-based banking software division nCino (NCNO.O) in 2014; that firm is now worth $2.8 billion, more than twice Live Oak’s value. That more earthly valuation might reflect Live Oak’s biggest risk: that it starts to look more like the rest of the pack.
Persons: it’s, Chip Mahan, SVB, It’s, Huntley Garriott, Goldman Sachs, reckons, , Keefe, Mahan, Liam Proud, Streisand Neto Organizations: YORK, Reuters, Wachovia, Valley Bank, U.S, Regional, Silvergate, Reuters Graphics Reuters, government’s, Business Administration, SBA, Federal, Truist, PNC Financial Services, redwoods, Twitter, Thomson Locations: United States, North Carolina, U.S
The Artisan Developing World Fund (ARTYX) is crushing the market this year by tilting the traditional investing principles in emerging markets. "These are companies that are based in developed markets but economically tied to emerging markets," Kaufman said in an interview. By domicile, Artisan Developing World Fund has just 57% of its portfolio in emerging markets. However, the emerging markets exposure should rise to 70% when looking at the economic exposure by revenue, Kaufman said. Other than those passport companies, the fund also invests in a slew of companies domiciled in emerging markets.
Ron DeSantis officially launched his presidential campaign Wednesday, putting his blend of pro-business conservativism and culture-war populism to the test at the national level. In the most recent legislative session, DeSantis signed a bill that stopped union dues from being automatically deducted from public employees' paychecks. Ron DeSantis, a critic of environmentally sensitive investing, didn't succeed in protecting his constituents from the ravages of Hurricane Ian, which may have been intensified by global warming. DeSantis signed a bill in early May barring state and local officials from making ESG-based investment decisions. The Disney sagaApparel promoting Florida Governor Ron DeSantis sit on a table before a book tour event at the North Charleston Coliseum on April 19, 2023 in North Charleston, South Carolina.
Asian Americans own 10% of small businesses in the US, but AAPI entrepreneurs still face challenges. Despite that, AAPI entrepreneurs still face unique struggles. As they've collaborated with their network of makers, Byun and Park have identified five challenges that need to be overcome to let AAPI entrepreneurs thrive. Fifty-eight percent of AAPI entrepreneurs have struggled with federal, state, and local programs to help small businesses. A good step is to learn the ins and outs of the US Small Business Administration's funding programs for small businesses.
Persons: Arnold Byun, , MAUM, they've, they'll, they're, Byun Organizations: Service, Business Development Center, AAPI, US, Business, SBA Locations: Kioh, Park, American
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