Finance MBA Leadership Development Program, Johnson & Johnson
BBA 2003 (Finance)
Johnson & Johnson
Born and raised in Marengo, Iowa, Schumacher chose to attend the University primarily because he wanted to stay in state, and because it offered something he hadn’t experienced in his hometown high school.
“Coming from a high school where there were only 57 people in my graduating class, I was looking forward to the experience I’d have at a large university like Iowa,” he says. “I visited large and small private schools, too, but honestly, I just gravitated to Iowa.”
It’s a decision he never regretted, plus he chose to walk through Iowa’s doors again for an MBA degree.
“I did fairly well as an undergraduate but wasn’t as active in student organizations and volunteer activities as I was when I came back for my MBA degree,” he says. “The MBA program provided me with so many opportunities, and I took advantage of as much as I could the second time around.”
While in the MBA Program, Schumacher led a consulting team for the Business Solutions Center, was vice president of the Graduate Financial Management Association, co-chaired the class gift campaign, helped organize a mentoring program between first- and second-year MBA students, and was a member of the Henry Fund, Tippie’s endowed equity portfolio managed by select MBA students.
MBA students participate in an internship during the summer after their first year, and Schumacher says he was “active in the internship hunt.”
“I wanted an internship that was a good fit, a challenge that I’d learn a lot from, and where there might be post-graduation opportunities,” he says. “I found it all with Johnson & Johnson.”
During his internship, his primary project was to conduct an analysis of the company’s oncology portfolio to improve its performance.
“Through the analysis and modeling scenarios, we wanted to mitigate risk and increase expected earnings,” he says.
His ability to conduct such extensive financial modeling impressed his bosses, he says.
“They were pleased with my ability to build a good financial model and my ability to talk through its components, skills that would not have been nearly as sharp had I not been a member of the Henry Fund.”
Early in the second year of his MBA, he was offered a senior financial analysis position in Johnson & Johnson.
After graduation, he moved to New Jersey and began the MBA Finance Leadership Development Program, working in research and development with the pharmaceutical segment of J&J.
“My wife and I love the East Coast,” Schumacher says. “We are 15 minutes outside Philadelphia and 90 minutes from New York City.”