The report also shows that 55 percent of Stanford’s MBA Class of 2018 reported receiving signing bonuses, with the median signing bonus coming in at $25,000.
Despite these respectable salaries, Stanford GSB insists that their alums “chose careers where they could make a difference,” not ones that were motivated by “chasing the money.”
So what were those careers?
Disproportionately, they were in tech – unsurprising, perhaps, given Stanford’s location in Silicon Valley….
This year’s MBA graduates at University of California, Berkeley’s Haas School of Business took advantage of the school’s Bay Area location, with 31.7 percent going into tech.
Technology-interested Haas alums found jobs at companies like Adobe, Amazon, Google and Tesla, according to the list of top employers included in Haas’s 2018 employment report. Consulting heavyweights like Deloitte, Bain, BCG and McKinsey are also on the list.
Overall, 24 percent of the Class of 2018 went for consulting jobs, and 13.7 went into finance. That last number is up from 11.8 percent last year while the percentages for…
Posted by Chioma Isiadinso
Financial Times has released their annual continent-by-continent rankings of business schools in the Americas, the Asia-Pacific region and Europe. While Financial Times has long kept a ranking of European business schools, the Asia-Pacific and Americas rankings are only in their second year.
Unlike the Financial Times global MBA ranking, these rankings tally how schools fared in rankings of multiple different degree programs.
Specifically, the continental rankings take into account how schools stack up in FT’s rankings of MBA programs, EMBA programs, executive education programs, and Master in Management programs (for Asian and European schools).
In the long-running…
University of Virginia’s Darden School of Business and the Johns Hopkins School of Advanced International Studies (SAIS) have announced that they’re teaming up to offer a new dual-degree program.
The dual degree will combine Darden’s MBA and SAIS’s Master of Arts. Typically, each degree would require two years to complete, but under the new program both degrees can be earned together in three years.
Darden currently offers 12 dual degrees in total, including an MBA/JD and an MBA/MD. But the new offering with SAIS is Darden’s first dual-degree with a partner outside the University of Virginia.
A team from University of California, Berkeley’s Haas School of Business has grabbed the $10,000 prize in the Energy in Emerging Markets Case Competition, hosted by the Duke MBA Energy Club at Duke University’s Fuqua School of Business.
This year’s competition brought together 34 teams from several continents. UC Berkeley was represented by a PhD student, Isa Ferrall, and four Haas MBA students: Felix Schadeck, Hao Shen, Chandler Sherman and Joe Swartley.
Competing teams were asked to answer a deceptively simple question: should a solar power company based in East Africa opt for Benin or Nigeria…
In the last year, interest in IMD’s small but prestigious MBA program has spiked, with applications rising by 63 percent.
But Meehan emphasizes that the result wasn’t a fluke. Over the last several years, the school has been streamlining its admissions process to be more…
Chicago is the place to be for an MBA, at least going by the Economist’s latest full-time MBA ranking. This year’s top two programs are both in the Chicago area. Overall, the top ten schools are:
Consulting is still the most popular industry for full-time MBA grads at University of Michigan’s Ross School of Business, but that increasingly appears to be changing. The school’s newly released 2018 employment report shows that 27 percent of grads headed for tech jobs this year, a record number.
That’s barely behind consulting at 30 percent, and it’s well ahead of the third most popular industry, financial services, at 16 percent.
Given the number of alums with newly minted diplomas who are accepting job offers in tech, perhaps it’s no surprise that the largest employer of 2018 Ross grads…
Posted by Chioma Isiadinso
University of California, Berkeley’s Haas School of Business has published a Diversity, Equity and Inclusion Action Plan, acknowledging a “disappointing decline in the number of African American students enrolled in the Full-time Berkeley MBA Program.”
This year, Haas enrolled just six black students in its 291-person MBA cohort. That’s down from 10 students out of 282 last year, and 19 students out of 252 the year before.
It its action plan, Haas outlines steps it will take to halt the decline and attract more diverse talent. These include changing admissions policies, scholarship practices and school culture.
To the extent that numbers can tell the story, Stanford GSB’s new Class of 2020 profile gives us some insight in to that question.
Introducing the class profile, Stanford is quick to highlight the diversity in its MBA class. It points out that this year’s crop of 419 MBA students represent 63 countries, 306 employers and 172 undergraduate institutions. All of these figures, Stanford says, are higher than last year….
The Cornell SC Johnson College of Business has drawn from within the university’s ranks in its search for a permanent dean, announcing the appointment of Kevin Hallock, who will start as dean of the business school in December.
Hallock is currently dean of Cornell’s School of Industrial and Labor Relations. He’s also an economist whose research focuses on labor markets and compensation.
Cornell’s provost, Michael Kotlikoff, described Hallock as “an accomplished economist, scholar and administrator” who will provide the SC Johnson College of Business with “the leadership to maximize its enormous potential.”
Kotlikoff also noted that Hallock’s…
While last year’s cohort brought a record 284 students to campus, thanks to the opening of a new building, the increase this year is more modest, to 291. Still, those seven extra students are enough to make the Class of 2020 the largest ever at Haas, a school known for its small MBA cohorts.
Haas has been able to grow its number of MBA students apparently without sacrificing any academic quality. This year’s…
Harvard Business School’s case method is getting a twenty-first century upgrade. The school announced that it has received a $5 million gift that will go toward creating case studies focused on artificial intelligence.
The donation, from Blackstone chairman, CEO and cofounder Stephen Schwarzman, launches the Schwarzman Research Fund, which will be used to support HBS members in writing new case studies involving AI.
According to HBS, topics addressed by these case studies could include AI’s implications for productivity, organizational structure and new market creation as well as the broad ethical challenges posed by AI.
HBS dean Nitin…
MIT’s Sloan School of Management is the latest top business school to release information on its MBA Class of 2020.
In releasing its class profile, MIT Sloan highlighted its commitment to building a diverse class, an emphasis it shares with other top B-schools. It said that “students’ diversity both shapes and drives the incredible opportunities available for collaboration and learning” at Sloan.
So how diverse exactly is MIT Sloan’s latest MBA cohort? Thirty-eight percent of the 409 students in the class hold international passports, representing a total of 49 countries.
Forty-two percent of the students are women. Unlike most…
Announcing Hubbard’s departure, Columbia University president Lee Bollinger hailed the dean’s tenure as “an historic period during which Columbia Business School was strengthened on every meaningful front.”
Indeed, Hubbard oversaw many accomplishments during his 15 years as dean. On his watch, for example, the school expanded its Executive MBA program and added four new master’s degree programs.
One of the themes Hubbard consistently returned to was “bridging theory…
The University of Pennsylvania’s Wharton School has unveiled a profile of its latest MBA cohort. Despite a 7 percent drop in applications this year – from 6,692 to 6,245 – this year’s class is quite similar to last year’s, at least as far as the numbers go.
Demographically, the Class of 2020 is almost identical to the Class of 2019. The percentage of women is 43, compared to 44 last year. Meanwhile, international students and U.S. minorities each account for a third of the incoming class, as they did last year.
If anything, this year’s crop of…
University of Michigan’s Ross School of Business is feeling pretty positive about their MBA Class of 2020. Announcing the release of their latest class profile, Ross summarized their thoughts on the situation by declaring that it just keeps getting better and better.
That phrase references the paradox of MBA admissions at top schools: as competitive as the process is, it only becomes more competitive every year.
This year, Ross’s incoming MBA class upped the ante with an average GMAT score of 720 – four points higher than the average score of last year’s class, which Ross reminds…
Every year, Harvard Business School draws a small but significant portion of its MBA students from the non-profit sector. This year, for example, 8 percent of students gained their pre-MBA work experience in government, education or non-profit.
For up to ten of those students, HBS provides a little extra incentive to bring them into its MBA program: a $10,000 fellowship, known as the Goldsmith Fellowship.
The fellowship, created by the Horace W. Goldsmith Foundation and HBS alum Richard L. Menschel, recognizes incoming MBA students whose leadership in the non-profit sector has stood out.
Providing $10,000 for the first…
How quickly the fortunes of a business school can change. Only a few weeks ago, INSEAD announced that it was suspending its Welcome Week over complaints about hazing. Now the school is unveiling a €40 million donation, the largest in its history.
The gift comes from André Hoffman, an alum in the MBA class of 1990, and his wife Rosalie.
So what does a business school do with a cool forty million euros? In this case, INSEAD is…
MIT Sloan School of Management has released their deadlines and application requirements for the 2018-2019 admissions season.
The deadlines are:
A quick perusal of the MIT Sloan MBA application instructions might lead you to believe that the school does not require applicants to submit an essay. It’s true that there isn’t anything on the list that lays out a specific essay that Sloan candidates are asked to submit.
In fact, the application process appears at first glance to be relatively simple: all…
It’s the beginning of a new academic year, which means not just a new cohort of students, but an influx of new faculty talent. University of Virginia’s Darden School of Business is one school that has been busy hiring professors, welcoming seven new faculty members to campus this year.
Like many top business schools, Darden has recently been bolstering its offerings in data science, so it makes sense that two of the new professors will join the school’s Quantitative Analysis area.
Michael Albert comes to Darden…
Now, Northwestern University’s Kellogg School of Management continues 2018’s trend of progress toward gender parity in the world of top B-schools, announcing that 46 percent of its newest MBA cohort are women. That figure is a record for Kellogg and a boost of 4 percentage points from last year.
The demographic statistics on Kellogg’s Class of 2020 were released as part of a profile of the school’s incoming full-time MBA…
For 35 years, Welcome Week has been a rite of passage for incoming students at INSEAD. Now, that tradition is coming under close scrutiny following official complaints filed with the Comité National Contre le Bizutage (CNCB), also known as the French National Committee Against Hazing.
With the CNCB initiating an investigation, INSEAD has announced that it is indefinitely calling off Welcome Week, which it describes as “a student-led set of activities that takes place over one-and-a-half days and introduces new students to the INSEAD culture and their senior classmates.”
Now under investigation is whether the process of introducing…
New York University’s Stern School of Business has become one of the first prominent U.S. business schools to release data on its full-time MBA Class of 2020. Admission to Stern’s MBA program remains competitive, with 23 percent of candidates landing a spot in the class.
Overall, Stern received 3,781 applications and sent out 876 offers of admission. The final size of this year’s cohort of enrolled MBA students is 375.
So what’s the typical academic profile of a student in Stern’s latest MBA class? The median GPA is 3.44 and the median GMAT score is 720.
Earlier this year, we wrote about how gender parity has been an elusive goal at top business schools in the United States. While some less prominent MBA programs have enrolled classes with 50 percent women, higher-ranked programs have generally failed to get their percentages past the low-to-mid 40s.
Recently, however, University of Southern California’s Marshall School of Business cracked that threshold in dramatic fashion. The school announced that its full-time MBA Class of 2020 would include 52 percent women.
That makes USC Marshall the first prominent business school in the U.S. to enroll an MBA program with…
Now, Northwestern University’s Kellogg School of Management is joining Haas in concluding that it apparently won’t have a permanent dean in place by the time its current dean steps down. The school has appointed Kathleen M. Hagerty interim dean, effective September 1.
Hagerty is a professor of finance who has been at Kellogg over 30 years. During her time at the school, she has been chair of the…
IMD has announced the winners in the “special edition” of its 2018/2019 Startup Competition. The ventures will now begin collaborating with members of IMD’s Executive MBA class, culminating in a trip to Silicon Valley to pitch for funding.
IMD launched its Startup Competition in 1998 and has since seen 400 ventures pass through the program. Each year, up to ten Swiss startups are selected to work with EMBA students at IMD.
Ventures and EMBA students collaborate for several months before traveling to Silicon Valley, where they pitch venture capitalists. So the startups receive support from EMBA students at…
Temple University’s Fox School of Business began this year the way any school with an online MBA program would want to: by securing its fourth straight year as the top-ranked program in U.S. News’s Online MBA Rankings.
As it turned out, though, Temple’s first-place finish was only the first chapter in a more complicated story. Later in January, U.S. News announced that it was retracting Temple’s gold medal and moving the program to its “Unranked” category.
The reason? Temple had misreported data to U.S. News. While the school claimed that 100 percent of online MBA applicants submitted…
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Tyson is a Haas professor and an economist whose research lately has focused on automation and the role of technological change in work. Tyson knows her way around Haas, having joined the Berkeley economics department in 1977 and the Haas school in 1990.
In fact, it’s hard to imagine anyone more obviously qualified to hold down the fort while Haas searches for a permanent dean. That’s because Tyson has been Haas’s dean before, from 1998 to 2001.