Jacqueline Beato, the senior vice president and treasurer at Caesars Entertainment, directly manages an operating expense budget of $120 million and oversees treasury, finance, investor relations and risk management for the corporation that encompasses 52 properties and 60,000 employees world-wide.
Graduating Cum Laude with a Bachelor of Science degree in Industrial Engineering and a minor in math from the University of Miami and obtaining her M.B.A. from Harvard Business School, she worked on Wall Street before she was 21.
It was chance that Beato went from engineering to finance. “I interviewed with a Wall Street firm for an internship as an undergraduate, and to my surprise, got the internship. I found that my math and modeling skills from engineering were more valuable than some of the skills of my classmates who had studied finance.”
After working on Wall Street for a couple of years, Beato realized it was not a good fit for her and decided to attend graduate school. She really wanted to work at a place that valued her as an individual. Beato also wanted to enjoy her work environment. During a career conference, Harrah’s Entertainment (now Caesars Entertainment) had a booth with squishy dice. When she was interviewed for a position, everyone knew her name and asked how she was doing. “I was blown away. This was not Wall Street.”
Beato encourages those entering the field of business to consider pursuing an M.B.A. “What I learned during my time on Wall Street was that regardless of what your undergraduate degree is in, you had to learn on the job. The skills I learned in school for my undergraduate degree are valuable but theoretical. A master’s degree really takes you to the next level. You are actually dealing with business problems every day and learning how to solve them. This is a skillset learned in the M.B.A. program.”
As for entering the field of business, according to Beato, “I would encourage people who want to be strong leaders to go into finance. It is more than analytics. There is a lot of decision-making especially in our economy to be more efficient and productive.”
Debbie Hall is practically a Las Vegas native (37 years and counting) and loves experiencing everything in Southern Nevada from the Las Vegas Strip to the surrounding mountains and Lake Mead. She also teaches at the University of Nevada, Las Vegas and loves sharing her knowledge. Her work can be found on Examiner.com.