Tag Archives: B-School News

There’s a new dean at Northwestern University’s Kellogg School of Management: Francesca Cornelli. Cornelli, who will take over in August, is currently a professor of finance at London Business School. 

Announcing Cornelli’s appointment, Northwestern University president Morton Schapiro described Cornelli as “uniquely suited to take our Kellogg School to the next level — and to continue building a genuinely global model for business education and scholarship.” 

Indeed, Cornelli’s background is nothing if not global.

Cornelli received an undergraduate degree from Milan’s Università Commerciale Bocconi and a PhD in economics from Harvard University.

She subsequently taught at schools including University…

A new report from the Forté Foundation suggests that while getting an MBA boosts economic mobility for everyone, it doesn’t necessarily close the pay gap – especially the gender pay gap.

The study surveyed 900 MBA graduates, asking them about their current job, their last job before getting an MBA, and their first job out of business school. 

The results revealed significant pay gaps along the lines of both gender and ethnicity. Women reported earning 28 percent less in their current roles, and minorities (defined as people of Black/African-American, Hispanic/Latino or Native American heritage) 12 percent less. 

All groups experienced…

You can do everything online now, including get an MBA. But what are the best business schools to get an online MBA from? US News has a few thoughts on that, which they’ve shared in their latest online MBA ranking. 

According to US News, the top online MBA programs in the United States are: 

  1. Indiana University—Bloomington Kelley School of Business
  2. University of North Carolina—Chapel Hill Kenan-Flager Business School
  3. Carnegie Mellon University Tepper School of Business
  4. University of Florida Hough Graduate School of Business
  5. University…

Ever wondered how all the top MBA programs stack up with each other in terms of average GMATs? Fortunately, Poets & Quants has taken the time to tally up those numbers, releasing a list of average GMAT scores at 50 top business schools.

There are several interesting things that jump out from the GMAT data P&Q has compiled. First, if you’re wondering just what kind of a GMAT score it takes to get into a top school, here are the average 2018 GMATs at P& Q’s five top-ranked business schools:

– University of Pennsylvania Wharton School: 732
– Harvard Business…

A team of four MBA students from University of Michigan’s Ross School of Business has won the 2019 Deloitte National Case Competition, taking both first-place honors and the People’s Choice Award. 

This year’s finals, held at Deloitte University near Dallas, Texas, brought together 16 teams comprising 64 students. The finals were the culmination of a process that began with regional competitions involving over 1,000 students.

When the finalists arrived in Texas, they were tasked with creating proposals for the restaurant chain sweetgreen, which aims to provide healthy and sustainable food.

The teams, which included students from other…

What’s the difference between the MBA admissions process and the B-school dean search process? When it comes to hiring a dean, everyone can get rejected, apparently.

That’s what has happened at UCLA’s Anderson School of Management, according to a new report from Poets & Quants. It seems that the university’s provost, Scott Waugh, has nixed all three final candidates for the deanship, explaining that “no consensus has emerged” on who to hire.

The finalists, who visited campus in the fall, weren’t exactly an unaccomplished bunch.

They included Thomas N. Hubbard, a strategy professor at Northwestern University’s Kellogg School…

Yale-Student-Startup-Awarded-Sobotka-Seed-Stage-Venture-Grant

Hand Me Up, a company founded by three MBA students at Yale School of Management, has received the 2018 Sobotka Seed Stage Venture Grant from the Yale Center for Business and the Environment. 

The startup, created by Melissa Mazzeo, Jatin Batra and Cyndi Chen, aims to solve a common problem parents encounter: having to constantly buy new clothes as their children grow. 

Hand Me Up’s founders realized that this dilemma was a good match for an online…

Poets & Quants has released its year-end ranking of international MBA programs, with INSEAD once again capturing first place.

Like the Poets & Quants ranking of U.S. MBA programs, the international ranking is created by aggregating major rankings from 2018.

Specifically, Poets & Quants ranked schools by combining four global rankings of MBA programs: Financial Times, the Economist, Bloomberg Businessweek and Forbes. The FT and Forbes rankings are each given a 30 percent weighting while the Economist and Bloomberg get 20 percent.

These weightings reflect the credibility of each ranking in the eyes of Poets & Quants….

If you’re a college student with an eye on business school as a possibility, it’s not too early to start doing some groundwork. An example is attending Peek Weekend at Harvard Business School.

 HBS launched Peek Weekend in 2015 as a way for undergrads to learn what getting an MBA in general, and getting an MBA at HBS in particular, is all about.

 College students graduating in 2018, 2019 or 2020 can apply to attend Peek Weekend (sorry, freshmen). Over the course of the weekend, students live on campus, attend classes taught with HBS’s case method,…

Since it was first developed in the 1950s by an association of business schools, the Graduate Management Admission Test (GMAT) has undergone a number of changes.

Some of these changes have been designed to increase the test’s validity and usefulness for the business schools that rely on it; others have been designed to keep the test attractive to students and competitive with the GRE.

The test’s most recent changes, unveiled in July 2017, fall into the latter category. The “Select Section Order” update allows test-takers to do exactly that. When they begin the test, they will be able to…

If you’re an Executive MBA candidate, chances are you’re someone with an active professional life and a busy schedule. Understandably, you might not be thrilled at the prospect of preparing for a comprehensive standardized test like the GMAT. 

That’s why GMAC, the creator of the GMAT, launched a cousin test tailored for EMBA applicants in 2016.

Silvia Maccallister-Castillo, assistant dean of the EMBA program at Yale School of Management, summarizes the dilemma EMBA programs were facing as follows: there might be “phenomenal candidates who saw the GMAT as too high a barrier,” yet schools also had to…

The Darden Capital Management program at University of Virginia’s Darden School of Business has notched a new milestone: $15 million in assets. That accomplishment comes as a result of years of growth and additional funds from the Darden School Foundation’s Board of Trustees. 

Started in 1990 with $250,000 in seed money, the Darden Capital Management program calls itself a “student-run club focused on promoting the interest and experience of its members in the investment management industry,” but it could probably be considered more than just a club.

For one thing, it’s a club that can be…

Dartmouth College’s Tuck School of Business has declared 2017 a “banner year for scholarship fundraising,” and even that might be understating it. 

For one thing, 2017 brought Tuck its largest ever gift, courtesy of Paul Raether, a member of Tuck’s Board of Overseers. In December, Raether and his family gave $15 million for scholarship funding.

 That means that while Tuck’s scholarship endowment was worth $87.6 million in June 2017, the endowment had put on an additional $20 million by the end of December. 

The Raether family has been supporting students at Tuck for decades, beginning with Paul Raether’s…

As the spring 2018 cohort at UC Berkeley’s SkyDeck startup accelerator gets down to work, they have an additional tool at their disposal: the opportunity to collaborate with MBA students at the university’s Haas School of Business.

That’s thanks to the Haas Startup Squad, which has started matching MBA students looking to get involved in startups with startups looking for people with business skills.

The project was started by Ludwig Schoenack, Class of 2019, who arrived on campus…

In early January, teams from top business schools converged on Deloitte University, Deloitte’s leadership development center in Dallas, TX.

Representing schools from MIT’s Sloan School of Management to Berkeley’s Haas School of Business, the teams were gathered for a shot at winning $20,000 of scholarship money in Deloitte’s annual MBA Case Competition.

Ultimately, it was the four-person team from New York University’s Stern School of Business that came out on top. In the eighth year of the competition, Denitsa Kosharova, Kelly Williams, Eric Gioseffi and Utkarsh Satyawadi managed to secure Stern’s first win.

That accomplishment is…

Stanford Graduate School of Business has announced some of the steps it will take to improve transparency and move forward from a controversy surrounding its financial aid process that became public in late 2017.

Last November, it emerged that between the years 2008 and 2016, Stanford GSB had been distributing financial aid based on criteria other than financial need, despite the school’s claims that it was following a purely need-based policy.

Now, in a letter posted on the school’s website, assistant dean of MBA admissions and financial aid Kirsten Moss has outlined steps the school is…

Financial Times has released it’s 2018 Global MBA Ranking – which is good news for Stanford Graduate School of Business, this year’s first-place winner. Here are FT’s top ten MBA programs this year:

– Stanford Graduate School of Business
– INSEAD
– Wharton School, University of Pennsylvania
– London Business School
– Harvard Business School
– Booth School of Business, University of Chicago
– Columbia Business School
– China Europe International Business School
– MIT Sloan School of Management
– Haas School of Business, University of California, Berkeley

In snatching the number one spot, Stanford GSB managed to dislodge INSEAD, which has grown comfortable in its place at…

Occasionally, applicants take a less honest approach to business school applications. They write their own letters of recommendation or pay other people to write their application essays for them. What could possibly go wrong?

According to Financial Times, B-schools are increasingly fed up with having to deal with ghostwritten essays and recommendations, and they’re taking steps to crack down. These steps range from speaking to recommenders directly to reaching out to candidates via email for quick writing samples.

The most basic technique, though, is looking for discrepancies in the essays and recommendations themselves.

Pristinely written essays from an applicant…

It’s the beginning of a new year, and that means a new set of online MBA rankings from U.S. News & World Report.

U.S. News’s decision to keep an annual ranking of online MBA programs reflects the rising popularity of online MBAs. Not everyone can afford to leave their job or their life for B-school, so online MBAs are an excellent opportunity for those who would otherwise find it difficult to enroll in MBA programs.

According to the U.S. News online MBA rankings, the top online MBA in the…

The University of Virginia’s Darden School of Business has announced the Indonesia Fellowship, which will give full financial support to select MBA applicants from Indonesia. The fellowship is funded by the Rainbow Foundation, an organization based in Jakarta.

Besides tuition and fees, the fellowship is intended to cover living costs and other study costs, like textbooks and a computer.

Dawna Clarke, executive director of admissions and financial aid at Darden, summarized the scholarship as “an incredibly generous offer for talented students from Indonesia.”

According to Clarke, “The level of funding the fellowship provides exceeds that provided by…

Want to work at McKinsey? If so, you could do worse than an MBA from Columbia Business School. McKinsey was the top employer among both Class of 2017 grads and summer of 2017 interns from the school, hiring 55 and 25 respectively.

That’s according to Columbia Business School’s 2017 employment report, which includes information on where Columbia MBAs got hired, what jobs they did, and what salaries they made in 2017.

Most commonly, financial services and consulting were the industries of choice among 2017 Columbia grads when they hit the job market. Specifically, 34.4 of the Class…

New York University’s Stern School of Business has been on the hunt for a new dean for more than half a year, and they’ve now made their pick. The school announced this week that Rangarajan “Raghu” Sundaram would become the new dean, effective January 1.

In the course of their search, the school ultimately found their preferred candidate at Stern itself.

According to Andrew Hamilton, president of NYU: “Stern’s reputation is such that it had an outstanding group of candidates for the dean’s post. But in the end, the Search Committee found the best candidate here…

With data science and business increasingly intertwined, it makes sense that Columbia Business School and Columbia Engineering would combine forces to create a new business analytics program that draws on expertise from both schools.

The new degree, the Master of Science in Business Analytics, involves three semesters of study with a minimum of six classes in the engineering school and four to six in the business school, plus additional electives in business, engineering or one of several other schools.

Central to the new program is a capstone that builds hands-on experience in business analytics. Throughout their…

Harvard Business School has held onto its first-place spot in Bloomberg Businessweek’s ranking of MBA programs in the United States. Meanwhile, Wharton and Sloan are ascendant, taking over second and third place respectively.

Here are Bloomberg’s top ten:

– Harvard Business School
The Wharton School
Sloan School of Management
Booth School of Business
Stanford Graduate School of Business
Fuqua School of Business
Tuck School of Business
Kellogg School of Management
Columbia Business School
Jones Graduate School of Business

Both HBS and Booth are unchanged in their rankings from last year,…

What do FastFloss, the “comfortable, easy and quick way to floss all your teeth at once” and Waypoint, a system that uses “augmented reality to train frontline workers on complex process using holographic workflows,” have in common?

That’s easy – both are projects that have been selected to participate in Harvard Business School’s Rock Accelerator Program!

The founders of these ventures are among 15 teams in this term’s Rock Accelerator cohort.

Overall, 44 teams applied to the accelerator program this year. To be eligible, teams must include at least one member who is a current HBS MBA student.

The…

University of California, Berkeley’s Haas School of Business has announced that 13 MBA students are the recipients of this year’s Haas Finance Fellowships. These fellowships provide funding to students who have demonstrated an interest in various areas of finance.

This year’s awardees include three Investment Banking Fellow, four Entrepreneurial Finance Fellows, and four Investment Management and Quantitative Finance Fellows. These fellowships come with $5,000 awards that students apply for in the fall and receive in the spring.

Additionally, two of the Finance Fellows are CJ White Fellows. This award, for students pursuing careers in finance, includes up…

The Economist has released its 2017 ranking of full-time MBA programs. This year, Kellogg has grabbed the number one spot. Overall, the top ten are:

– Kellogg School of Management
– Booth School of Business
– Harvard Business School
– The Wharton School
– Stanford Graduate School of Business
– UCLA Anderson School of Management
– Haas School of Business
– Tuck School of Business
– Columbia Business School
– Darden School of Business

Like last year’s ranking, this year’s ranking stands out in that two schools from the Chicago area took the top honors.

What’s different this year, though, is that Kellogg and Booth have swapped places,…

A team of students from the Wharton School have won Tesla’s first MBA case competition, which means they will be offered internships at Tesla this summer.

Held at Dartmouth College’s Tuck School of Business, the competition brought together a dozen teams from business schools on multiple continents.

The starting point for the Tesla case competition was a fairly general question: what new features could improve Tesla customers’ experience?

Writing in the Wharton Journal, Wharton’s team explained that they began with extensive research. They polled their entire Wharton MBA class, with about a quarter of students responding. They…

Financial Times has released its 2017 ranking of Executive MBA programs, with the Kellogg-HKUST EMBA program holding onto its number one place from last year. The top ten programs on FT’s list are:

– Kellogg-HKUST
– EMBA-Global Asia
– Tsinghua-INSEAD
– EMBA-Global Americas & Europe
– TRIUM
– Antai College of Economics and Management
– Olin Business School
– INSEAD
– Saïd Business School
– ESCP Europe

There are some noticeable changes from last year’s EMBA ranking. For example, EMBA-Global Americas & Europe has risen from eighth to fourth, while INSEAD has correspondingly dropped from fourth to eighth.

The most significant change to the top ten, though, is the…

Duke University’s Fuqua School of Business has announced that Shari Hubert will be the school’s new associate dean of admissions. Hubert joins Fuqua after five years as head of admissions at Georgetown University’s McDonough School of Business.

Fuqua has been looking for a new associate dean of admissions since Hubert’s predecessor left in the spring. According to Russ Morgan, senior associate dean for full-time programs at Fuqua, “Shari stood out in an incredibly talented and competitive pool of candidates.”

Morgan said that “Shari is a terrific fit within our culture. She is a demonstrated collaborative…

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