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.
While this finding fits with…
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…
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.
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.
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.
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!
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.
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:
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.
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.
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…
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…
Posted by Chioma Isiadinso
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.
Here are the top ten schools in Blooomberg’s ranking:
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.
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:
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.
Massive Open Online Courses, or MOOCs, put forward a radical idea when they hit the scene a few years ago: take all the material from a course and put it online so anyone with an internet connection can learn from home.
Now, a venture capitalist wants to go a step further and do the same thing with an entire degree. Chris Haroun’s An Entire MBA in 1 Course has become one of online education platform Udemy’s most popular offerings, with over 35,000 students currently enrolled according to the company.
With the MOOC, Haroun aims to distill the key points from…
This year, Scott DeRue left his position as professor at University of Michigan’s Ross School of Business to become the youngest dean in the history of the school.
While DeRue is only a few months into the job, he is already giving indications about what his priorities are and where he expects the school to go. Recently, he sat down for an interview with Poets & Quants.
DeRue’s interview paints a picture of a dean interested in exploring innovations that will differentiate the school and update the curriculum for the twenty-first century. In DeRue’s words, “I didn’t get voted…
Recently, top business schools have been increasingly proactive about drawing international students to their campuses, including by adding more scholarships specifically for international students. Cue Oxford University’s Saïd School of Business introducing a new scholarship for Chinese MBA students.
The school announced the scholarship a couple weeks ago as a partnership between Saïd and the IDEALITY Technology Group. Fittingly, then, the new scholarship will be called the Oxford-IDEALITY Scholarship.
Saïd awarded the first round of scholarships to students in this year’s MBA cohort and will offer additional scholarships to students in the next two MBA classes.
Move over, Harvard and Stanford! You’ve got nothing on Chicago, Kellogg and Darden — at least according to the 2016 Economist MBA rankings.
The Economist’s list is known for being the rebel among the major MBA rankings, and this year is no exception. For 2016, the top ten schools are:
Both classes include students with a wide range of backgrounds and interests. Yale called its latest cohort a “diverse and global group” while Ross described its Class of 2018 as “the most diverse class of MBA students Michigan Ross has ever seen.”
No points for guessing that both classes are academically strong. According to Yale’s data, their Class of 2018 had a 730 average GMAT and 3.65 average undergrad GPA.
Posted by Chioma Isiadinso
According to GMAC’s 2016 Application Trends Survey, specialized graduate businesses programs are gaining ground on MBAs in the United States although European MBA programs are still growing in popularity.
The results suggest that in a competitive job market, many business school hopefuls are looking to specialized degrees, highly-ranked MBAs and programs that can be completed quickly to get an edge.
While the number of applications received by top U.S. business schools keeps going up, 54 percent of U.S. B-schools overall saw no increase in applications from 2015 to 2016. This trend was especially pronounced in smaller programs, only 43 percent…