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Hispanic MBA Job Market
Jeffrey Gangemi BusinessWeek - A Hispanic MBA Estan Bien Muy Caliente - The rapidly growing Hispanic population in the U.S. has companies hunting executives who are tuned into the language and culture. Richard Delgado, a third-generation Mexican American
says his Hispanic background set him apart when he graduated from Southern Methodist University's Cox School of Business at the peak of the dot-com bust in 2003. Despite a tough job market, he got a sales position with chemical company Celanese (CE ). He later moved to Merrill Lynch (MER ), where he helped launch a national marketing initiative targeting the burgeoning Hispanic upper class.
His current position as a national account sales manager for Dallas fiberglass manufacturer Owens Corning (OWENQ ) is also a nod to his heritage. "The reason I have my job is because I'm bilingual and Hispanic," Delgado says. "Many more people making buying decisions these days are Hispanic, especially contractors."
As a group, the 41.3 million U.S. Hispanics are both the fastest-growing segment of the population -- now constituting 14% -- and the youngest. The median age for Hispanics was 26.7 in July, 2003, compared with 35.9 for the overall U.S. population, according to the U.S. Census Bureau. Those kinds of numbers bring purchasing power that's hard to ignore.
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