Tag Archives: B-School News

Financial Times has published its 2017 list of top MBAs for entrepreneurship, which looks at how entrepreneurial alums from each program tend to be as well as how their business school education contributed to their experience as entrepreneurs.

This year, the top ten schools are:

  1. Stanford Graduate School of Business
  2. MIT Sloan School of Management
  3. Babson College Olin Graduate School of Business
  4. Cambridge Judge School of Business
  5. University of California, Berkeley Haas School of Business
  6. Dartmouth Tuck School of Business
  7. City, University of London Cass Business School
  8. Carnegie Mellon…
Times Higher Education have announced that they will team up with the Wall Street Journal to create a new set of business school rankings. The first edition of the rankings will debut in Spring 2018. 

THE is known for its yearly ranking of international universities. And THE and WSJ already collaborate on college rankings that they publish annually. Now, the two plan to expand their partnership into B-school rankings. 

Besides ranking MBA programs, the THE/WSJ business school rankings will cover two other kinds of increasingly popular graduate business programs: the Master’s of Finance and the Master’s…

The Association of International Graduate Admissions Consultants has released the results of their 2017 MBA Applicant Survey. The survey contains a range of insights into how applicants typically approach the business school application process and what sources they tend to rely on in researching schools.

Among other things, the results show that while applicants are getting information online at rates higher than ever before, they place a premium on personalized, human interactions with schools – a situation that AIGAC dubs the “millennial paradox.” 

AIGAC’s survey included 2,868 participants who intend to enroll in B-school by 2018. Overall, the results…

Harvard Business School has announced a new Master of Science in Engineering and Master of Business Administration (MS/MBA) joint degree that will debut in August of 2018. 

A collaboration between HBS and the Harvard John A. Paulson School of Engineering and Applied Sciences (SEAS), the new program is targeted at those interested in developing their general management and tech skills to become leaders in the tech industry. 

HBS-Launches-Joint-MS-MBA

Nitin Nohria, HBS’s dean, said that the program would “bridge the divide between engineering and business for aspiring leaders in the tech…

Applying to Harvard Business School just got a little easier for active duty military members. The school has announced that it will waive its $250 application fee for members of the military applying to its MBA program. 

The fee waiver is supported by a gift from Michael J. Zak, who served in the United States Marine Corps before attending HBS and graduating in 1981.

HBS-Adds-Fee-Waiver-for-Military-Members

Chad Losee, HBS’s admissions director, said the fee waiver would help HBS attract military students, who bring a unique perspective to the school.

In Losee’s words: “Leadership…

In March, Stanford’s Graduate School of Business announced Kirsten Moss as its new admissions director.

Now, as of June 1, she has officially started in her new role, and Stanford GSB has marked the beginning of her tenure by releasing an interview that sheds some light on how she intends to approach the job. 

Stanford-GSBs-New-Admissions-Director-Kirsten-Moss

The interview tells us many things – from the fact that Moss is an avid dancer in her free time to the fact that she recently added a doctorate of psychology to her list of accomplishments. Most…

Online MBA students tend to be older, with more work experience, than traditional full-time MBA students, according to a new survey from U.S. News.

Heres-the-Profile-of-a-Typical-Online-MBA-Student

The data collected by U.S. News from over 100 ranked online MBA programs reveals that online MBA students have an average age of 33 – six years older than their on-campus counterparts.

Along the same lines, online MBA students entered their programs with eight years of experience on average, which is about twice as much as on-campus, full-time MBA students.

One of the selling points of online MBA programs…

GMAC has released their 2017 Prospective Students Survey Report, finding that while business master’s programs continue to rise in popularity, many master’s recipients later go back for MBAs.

As expected, GMAC found that master’s and MBA degrees tended to attract different kinds of candidates. Master’s applicants tend to be younger, with less work experience, and they tend to be interested in acquiring more specific technical skills.

Meanwhile, MBA applicants are older on average, and they’re more likely to want to develop more general skills in leadership and management.

GMAC-Survey-Finds-Many-MBA-Applicants-Have-Masters-Degrees

While this finding fits with…

New York University’s Stern School of Business has announced two new specialized MBA programs: one in tech, and one in fashion.

Both are streamlined one-year programs. Raghu Sundaram, Stern’s Vice Dean for MBA Program’s and Online Learning, said the one-year schedule would be an efficient way for students to gain industry-specific experience while “reducing the opportunity cost with a more affordable MBA option.”

With both programs, Stern intends to take advantage of its location to offer an immersive experience.

For example, the Fashion & Luxury MBA includes several hands-on projects with companies in New York as well as…

Dartmouth College’s Tuck School of Business has announced that their new Director of Admissions and Financial Aid will be Luke Anthony Peña, formerly Stanford GSB’s Director of MBA Admissions.

The announcement concludes an in-depth search that has been underway for three months after Tuck’s former admissions director, Dawna Clarke, stepped down to start an admissions consulting firm in the fall of 2016.

Tuck-hires-new-admissions-director

Gina Clark de Cognets, who chaired the search, said that Peña stood out in the applicant pool as a “collaborative and strategic leader” whose “energy and enthusiasm…

Peking University’s HSBC Business School has acquired a property in Oxford, England that it will use to launch an overseas campus. When the campus opens in summer of 2018, the business school will become the first in China to launch a campus abroad.

Peking University’s HSBC Business School, or PHBS for short, was founded in 2004 and named in honor of a 2008 donation from banking company HSBC. The school has an international bent, with classes taught in English.

According to the school, programs at the new UK campus will “focus on professional knowledge of China’s economy, financial market…

The United States has the best business schools in the world – according to United States business schools anyway. Not that they’d be biased or anything.

A recent Kaplan Test Prep survey of 125 business schools in the United States found that at the overwhelming majority of schools, admissions officers thought U.S. business schools were doing a better job than their European and Asian counterparts.

Specifically, 97 percent of the schools surveyed agreed that U.S. business schools prepared their students better than European schools. And 96 percent thought U.S. schools were better than Asian business schools.

Are-U.S.-Business-Schools-the-Best

It’s been a big few weeks for business school donations. First, the Wharton School announced that they’d received a $10 million donation to create a deferred enrollment program for University of Pennsylvania undergrads.

Now, with the Haas School of Business and INSEAD receiving equally significant gifts, there seems to be a trend.

Haas’s gift is for $15 million, with the potential to grow by $5 million or $10 million after five years. The gift is the school’s largest ever from an alum under 40 and comes from Haas graduate Kevin Chou and his wife Connie…

Applying to schools for your MBA can be a long and sometimes difficult process.

Then comes the even harder decision of deciding which school you want to attend once you’ve been admitted.

We know you take time to decide where you go because you know it impacts the course of your career.

This is why we would love for you to take the AIGAC survey so that schools and consultants can understand how to make the admissions process better for future MBA applicants!

AIGAC-Survey

The AIGAC (The Association of International Graduate Admissions Consultants) has put together…

Deferred enrollment programs are an increasingly popular way for students to apply to MBA programs right out of college while still gaining work experience before matriculating. And now Wharton is getting into the game with a new deferred enrollment program for Penn undergrads.

The impetus for the new program was a $10 million grant from Wharton graduates Ken Moelis and Julie Taffet Moelis. Ken Moelis earned his MBA as part of a program previously in place that allowed Wharton students to complete an undergraduate degree plus an MBA in five years.

Wharton-Gets-$10-Million-for-New-Deferred-Enrollment-Program

The…

INSEAD’s one-year MBA program topped last year’s Financial Times MBA ranking. But the program’s success apparently doesn’t mean INSEAD will become complacent.

Instead, the school has just announced that it will be implementing a new MBA curriculum starting this fall. The new curriculum introduces several changes, including a more personalized structure, new tech-related electives, and a greater emphasis on the relationship between business and social issues.

The new curriculum, which has been in the works for two years, will include a new component that INSEAD calls the “Personal Leadership Development Program.” Through individualized coaching, the program will aim…

With the Trump administration’s second, revised travel ban appearing to be headed for a drawn-out legal battle, international students at United States business schools are left wondering what the executive order will mean for them.

The order, scheduled to go into effect on March 16 before it was blocked by multiple federal judges, would have barred travelers from six majority-Muslim countries from entering the United States for a period of 90 days.

As a revised version of the Trump administration’s first executive order, which barred visitors from seven countries, the new order has a slightly narrower scope. Importantly for international…

According to GMAC’s newly released Alumni Perspectives Survey, business school grads are happy with their careers overall, but their degrees often take them down paths they hadn’t anticipated.

In fact, 52 percent of alumni surveyed reported working in jobs or industries that they’d had no experience in when they entered business school. Meanwhile, two out of every five said they were working in jobs or industries they’d never even considered before business school.

The results are based on responses from 14,651 business school graduates who were surveyed in the fall of 2016. Altogether, the participants held jobs in a total…

Last year, the Wharton School strengthened its offerings in data and analytics while Duke’s Fuqua School of Business unveiled a new Master of Quantitative Management. But Wharton and Fuqua are far from the only business schools taking an interest in big data, it turns out.

In fact, according to a new survey from Kaplan Test Prep, more schools now offer data courses than not.

Specifically, out of 209 schools surveyed by Kaplan, 72 percent currently offer courses in big data or data science. A further 13 percent are thinking about adding data courses in the future…

Financial Times has released their 2017 ranking of MBA programs. INSEAD has held onto its number one spot from 2016, but the top schools have seen a few other significant changes.

This year’s top 10 in FT’s Global MBA Ranking are:

  1. INSEAD
  2. Stanford Graduate School of Business
  3. University of Pennsylvania, Wharton School
  4. Harvard Business School
  5. University of Cambridge, Judge Business School
  6. London Business School
  7. Columbia Business School
  8. IE Business School
  9. University of Chicago, Booth School of Business
  10. IESE Business School

Eight of 2016’s top ten schools made the cut this year too. However, 2017 saw two European schools push their…

U.S. News & World Report have kicked off the new year with their most twenty-first century B-school ranking: the best online MBA programs.

Topping their 2017 list of online MBAs is Temple University’s Fox School of Business. Temple is followed by Carnegie Mellon’s Tepper School of Business and Indiana University’s Kelley School of Business.

Rounding out the top five are University of North Carolina’s Kenan-Flagler Business School as well as Arizona State University’s W.P. Carey School of Business and University of Florida’s Hough Graduate School of Business, who tied for the number five spot.

In…

University of Virginia’s Darden School of Business has released an employment report for their MBA Class of 2016. Compared to last year’s data, alums’ average income has edged up, as have the number of grads taking jobs in consulting and technology.

A solid 93 percent of alums were offered jobs within three months of graduation, and 90 percent of alums accepted jobs within the same time frame. Most of these offers came before graduation, with 86 percent of the Class of 2016 getting offers before officially becoming MBAs.

Darden-Releases-Class-of-2016-MBA-Employment-Report

Among grads who…

University of Oxford’s Saïd Business School has joined the Global Network for Advanced Management, a project that promotes collaboration among leading international business schools. Saïd received unanimous approval to become the Global Network’s 29th member overall.

Part of Saïd’s motivation for joining the Global Network is shoring up its international standing in the wake of June’s Brexit vote.

Peter Tufano, Saïd’s dean, underscored the school’s renewed commitment to an international point of view in light of recent political events: “In an increasingly uncertain world and one in which politics is accentuating national boundaries, it is vital to maintain…

University of Michigan’s Ross School of Business is launching a new Master of Supply Chain Management, or MSCM, that will enroll its inaugural class in July.

The new program will take place over the course of ten months, compared with twelve months for Ross’s previous MSCM. Despite the shorter length, the new program includes more time on campus, which Ross says will help students get “the full Michigan Ross experience.”

Besides the new timeline, which Ross designed to fit more closely with recruiters’ schedules, the content of the degree has also changed.

According to Ross dean Scott DeRue, the…

Columbia Business School and University of Michigan’s Ross School of Business have released their Class of 2016 employment reports.

Unsurprisingly, neither group of alums has had a hard time finding work. Ninety-seven and 98 percent of Columbia and Ross MBAs respectively received job offers within three months of graduating.

Alums from both schools also tended to end up with competitive salaries in their new jobs. Columbia reported that 2016 alums had a median base salary of $125,000. Meanwhile, two-thirds received signing bonuses averaging $25,000.

Announcing their employment report, Ross pointed out that their alums’ median total compensation of…

This week brought not one but two rankings of international business schools: Financial Times’s 2016 ranking of European business schools and Bloomberg Businessweek’s 2016 ranking of non-U.S. business schools.

This year, London Business School is the big winner, grabbing the number one spot in both rankings. UK schools Oxford Saïd and Cambridge Judge also made a strong showing, taking third and fourth in Bloomberg.

FT and Bloomberg Release European and International Business School

Here are the top ten schools in Blooomberg’s ranking:

  1. London Business School
  2. INSEAD
  3. Oxford (Said)
  4. Cambridge (Judge)
  5. IESE
  6. IE
  7. IMD

Starting an impact investing fund is no small task. Case in point: Stanford Graduate School of Business’s Impact Fund has been in the works for three years.

In 2013, a group of students approached Stanford GSB’s Center for Social Innovation about creating a fund that would give students hands-on experience in impact investing. Now, that fund has made its first investment.

For the fund’s inaugural investment, students organized into five teams, each focusing on a different area: education, energy and environment, food and agriculture, health care, or urban development.

Stanford GSB Impact Fund Makes First...
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According to the results of Kaplan Test Prep’s annual survey of business school admissions officers, 92 percent of B-schools now let applicants choose between submitting GMAT or GRE scores.

This number is up slightly from 90 percent in 2015. More significantly, it has skyrocketed from 24 percent in 2009, the first year Kaplan started tracking which schools take GRE scores. This trend points to growing acceptance of the GRE as a business school admissions test in recent years.

One reason the GRE may be catching on among adcoms is that it allows schools to bring more diverse fields of applicants…

Poets & Quants have published their 2016 MBA ranking, which combines data from five prominent rankings of business schools. This year’s top ten remain the same as last year, but with some switching around of places: 

  1. Harvard Business School
  2. Stanford GSB
  3. Chicago Booth
  4. Northwestern Kellogg
  5. University of Pennsylvania Wharton
  6. MIT Sloan
  7. Dartmouth Tuck
  8. UC Berkeley Haas
  9. Columbia Business School
  10. Yale SOM

2016 Poets & Quants MBA Ranking

The top three schools from 2015 – HBS, Stanford and Booth – all held onto their places this year. As Poets & Quants points out, Booth…

Northwestern University’s Kellogg School of Management has introduced eleven new courses, including several that have come out of the school’s efforts to promote cross-disciplinary learning.

Announcing the changes, Kellogg emphasized the importance of broad and modern coursework in preparing students for their roles as leaders.

As Therese McGuire, Senior Associate Dean of Curriculum and Teaching, put it:

With increasingly complex problems facing our rapidly changing business environment, curriculum innovation in the MBA program is key…..It’s critical to create new courses that foster innovation and take our students to the forefront of knowledge in their respective areas.

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