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At last night’s awesome (thanks Charlie!) nextNY meetup, I had the chance to meet Elena Bajic. Elena is the founder and CEO of Ivy Exec, self-described as “the most elite network of professionals”. Ivy Exec is a job board for people who have advanced degrees from the top universities (so I guess my Georgia State MBA is out). Each user is screened to make sure they fit the criteria of the service.
Ivy Exec notes regarding their membership: 95% have a graduate degree, 86% hold an MBA, 47% are diverse and 41% are women. About 4,300 jobs are currently posted on the service and Elena told me that they have partnerships with some of the top schools in the U.S.
Like popular NY-based job board TheLadders, IvyExec charges users a fee which they note is a subscription charge. Elena noted that without paying you are blocked from applying to all jobs and can only apply to a select few. Full membership ranges from $22 to $42 a month.
Inc Magazine has a good overview of Ivy Exec including feedback about the service from a variety of venture capitalists. Some stats about Ivy Exec:
- started in 2006
- estimated 2009 revenue: $315,000
- net profit margin: 25%
- 10 total team members including 5 contractors
There is a lot of startup activity in the career space. Each week I receive a handful of press releases about new startups trying to make the job application process easier for both the posting companies and the applicants.
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