Clear Admit, Author at Clear Admit

Published: January 29, 2015

In a recent blog post, the admissions committee at the Massachusetts Institute of Technology’s Sloan School of Management announced that they will begin sending interview invitations to select Round 2 applicants beginning the week of February 15th. Candidates who are not invited to interview will receive a final decision from MIT Sloan by March 6th. Read more

Published: January 29, 2015

Wharton to Release Round 2 Interview Invites on February 11

The Wharton School at the University of Pennsylvania will send interview invitations to select Round 2 applicants on Wednesday, February 11th, according to a recent post on the school’s MBA Admissions Blog. Applicants who snag one of these coveted interview spots will have an opportunity to take part in Wharton’s Team-Based Discussion interviews in a range of locations around the globe. Read more

Published: January 29, 2015

GMAC Unveils New Tool to Give GMAT Test Takers Greater Control over Exam

The Graduate Management Admissions Council (GMAC), which owns and administers the GMAT, has launched a new tool designed to help GMAT test takers better understand their performance on the exam’s different sections and better equip them to improve their scores going forward. GMAC solicited feedback from both test takers and test prep organizations to develop its new GMAT Enhanced Score Report (ESR), which provides comprehensive post-exam diagnostics, including performance measures for each section of the exam, to help test takers understand their strengths and weaknesses and gain insight into how best to improve their scores. Key features of the ESR include overall section performance ranking, performance ranking by question type, time management ranking, percentage of questions answered correctly, average response time, and a customized summary report for each section assessing strengths and weaknesses. Read more

Published: January 28, 2015

Dartmouth’s Tuck School of Business Names New Dean to Succeed Paul Danos

Photo by Laura DeCapua In case you missed it, Dartmouth’s Tuck School of Business last week named an insider to become its 10th dean, replacing outgoing Dean Paul Danos, who steps down in June. Tuck Professor of Management and Associate Dean for Faculty Matthew Slaughter will step into the role vacated by Danos, who announced in March that he would not seek reappointment at the end of his fifth term as the school’s dean. An expert in globalization and a scholar of international economics,Slaughter joined the Tuck faculty in 2002 and has held several key leadership roles since then. In addition to his current role as associate dean for faculty, Slaughter was also the founding faculty director of Tuck’s Center for Global Business and Government and previouly served as associate dean for the MBA program. He also served on the Council of Economic Advisers in the Executive Office of the President of the United States from 2005 to 2007. Read more

Published: January 27, 2015

Columbia Business School Launches New Center for Social Enterprise

The big news out of Columbia Business School (CBS) today is the creation of a new center devoted to social enterprise. A generous endowment gift from Sandra and Tony Tamer will establish the Tamer Center for Social Enterprise, which will be devoted to developing leaders focused on impacting society and the environment through management. The new center will also serve as a hub for all future social entrepreneurship activities at Columbia. The Tamers’ gift expands CBS’s existing Social Enterprise Program, establishing the Tamer Fund for Social Ventures, which will provide seed grants of up to $25,000 to select nonprofit, for-profit or hybrid early-stage social ventures centered on social innovation and impact. It also allows for expansion of the existing Loan Assistance program, which helps alleviate the burden of repaying educational loans for MBA graduates who pursue careers in the public, nonprofit and social entrepreneurial sectors. The Tamers’ gift will expand this program, increasing the number of alumni it helps as well as the duration of the loan assistance from a maximum of five years to 10 years. Read more

Published: January 27, 2015

The MBA Tour Hosts Events Across North America in 2015

If you’re considering pursuing an MBA degree, attending an MBA fair is a great place to start. The MBA Tour is hosting 6 events across North America this winter 2015. What are the benefits of attending an MBA Tour conference? Hear from students who have attended: 1:1 INTERACTION WITH ADMISSION REPRESENTATIVES MeetUp Sessions provide an opportunity for candidates to meet one on one and in small groups with admission directors and alumni from various programs. Meeting in-person allows candidates to make a personal connection with their top-choice schools and enhances the overall MBA application process by keeping lines of communication open with admission representatives. Read more

Published: January 26, 2015

Harvard Business School to Send Out Round 2 Interview Invitations Beginning Tomorrow

As applicants to Harvard Business School (HBS) are probably well aware, Admissions Director Dee Leopold and her team are scheduled to send out the first of its Round 2 interview invitations tomorrow, Wednesday, January 28th. What about the blizzard that’s blanketing the northeastern portion of the United States, you wonder? As of yesterday, Leopold expected that invites will still go out as planned, at noon Boston time. “If we need to delay, we will let you know via this blog, a general announcement on the admissions website and also with a voicemail recording on our general phone line,” she wrote in a post to her Director’s Blog, but as of this writing, no updates. So, some details about HBS interview invites. They will go out in two waves, one tomorrow, and a second on February 4th. Historically, HBS has sent out the bulk of its invites in the first wave. Leopold offered that her best guess is that roughly 600 applicants will receive invitations tomorrow, with another 200 or so receiving invitations next week. “I've said this before, but please don't speculate or develop theories or algorithms about first vs. second,” she urged. “It doesn't work that way. And it has nothing to do with when you submitted, where you live, or the first letter of your last name.” Read more

Published: January 25, 2015

Harvard Business School Reins Supreme in Financial Times Global MBA Rankings

For the third consecutive year and the sixth since the rankings debuted in 1999, Harvard Business School (HBS) appears at the top of the Financial Times Global MBA annual rankings, released yesterday. London Business School continued its upward climb, ascending into the number two spot from number three last year. The Wharton School at the University of Pennsylvania moved up a spot as well, to third. Stanford Graduate School of Business, meanwhile, fell from the number two spot last year to share fourth this year with INSEAD. The FT compiles its annual global MBA rankings based on two surveys of the business schools and their alumni. (For this year rankings, alumni who graduated in 2011 were surveyed.) Based on the responses to these surveys, the MBA programs are ranked according to the career progression of their alumni, the school’s idea generation and the diversity of students and faculty. Read more

Published: January 22, 2015

MBA Entrepreneurial Grads Report Significant Payoffs

MBA entrepreneurial grads—specifically those who launched startups during or soon after business school— can expect to make as much as their peers who follow more traditional career paths not long out of school, according to survey data collected as part of the Financial Times’ 2015 business school rankings research. Of the 7,800 MBA graduates from the world’s top 100 business schools who responded to the FT, 22 percent had launched a start-up. Within three years of graduation, the average annual income of these entrepreneurs was $134,000, compared to $132,000 across the entire sample, the FT reports. A mere 5 percent of startup founders reported an annual salary of zero three years out, though the FT points out that survey respondents did have an option to not reveal their income level, so the data may not fully reflect the financial risk taking faced by entrepreneurial grads. That said, of the companies launched by survey participants, 84 percent did report still operating a full three years later. Read more

Published: January 21, 2015

Georgetown’s McDonough School of Business Innovates Its Approach to Admissions

Georgetown University’s McDonough School of Business wants applicants to the school to walk away feeling good about their experience, regardless of whether they gain acceptance or ultimately enroll. To this end, the school’s admissions team, led by Associate Dean of MBA Admissions Shari Hubert, launched an innovative initiative last spring to understand the applicant’s entire journey through the admissions process—from the moment they begin to research schools right up to their arrival on campus (for those who are admitted and enroll). Their findings have already begun to reshape the Georgetown McDonough admissions process—for the better, Hubert hopes. Hubert joined Georgetown McDonough in December 2012, coming from a career in campus recruiting for the Peace Corps, Citigroup and General Electric. “I saw a need for us as an admissions office to be more connected to our customers—prospective applicants—to understand what they were going through and how they experience us as they apply to business school,” Hubert says. An MBA applicant herself once (she holds a degree from Harvard Business School), she remembers how daunting the experience can be. “I wanted to engender goodwill no matter what the outcome,” she says. “I wanted them to walk away saying Georgetown is a wonderful institution that lives its [Jesuit] values.” Of course, she also hoped that by creating a more positive experience for applicants, the school would increase its yield. Read more

Published: January 20, 2015

ESADE Business School Partners with Finnish University to Offer Innovation and Entrepreneurship Programs

Spain’s ESADE Business School has formed a new international alliance with Finland’s Aalto University, a leader in the field of innovation, to expand its offerings for entrepreneurs, ESADE announced today. Aalto University President Tuula Teeri and ESADE Director General Eugenia Bieto signed an agreement outlining the new partnership this morning at ESADECREAPOLIS, the innovation center located on ESADE’s Barcelona campus. One of Europe’s newest universities, Aalto was created in 2010 by the merger of Helsinki School of Economics, Helsinki University of Technology and the University of Art and Design Helsinki and has received widespread attention for its innovative blend of management, technology and design. Read more

Published: January 19, 2015

Cornell’s Johnson Graduate School of Management Enhances Focus on Family Business

The Johnson Graduate School of Management is now home to the new Smith Family Business Initiative, which was endowed earlier this year by at $10 million gift from alumnus John Smith, MBA’ 74, and his wife, Dyan Smith. In September, Daniel Garrett Van Der Vliet joined as the new initiative’s director. Van Der Vliet seems the ideal person for the job, coming to Johnson from the University of Vermont, where he spent 14 years building a highly regarded family business program from the ground up. The Small Family Business Initiative at Johnson will combine family business-focused courses, case competitions for both MBA and undergraduate students across Cornell and executive education non-degree courses and workshops for those involved in running family enterprises. Read more

Published: January 18, 2015

Global Network for Advanced Management to Offer Three Courses This Semester

The Global Network for Advanced Management (GNAM), an organization of member schools from around the world devoted to facilitating interaction and collaboration in the study of graduate management education, will offer three courses this semester to students throughout its member schools, GNAM announced. This year’s Global Network courses include two new offerings, one on disruption for leaders working in humanitarian crisis, and another on international management. A third course, on the risks and opportunities in global resource systems, originally taught last year, will be offered again this coming semester. Global Network courses take advantage of web-based technology to connect students from schools around the globe for both class sessions and team-based project work. The set-up allows students to access the expertise of faculty while also developing key cross-cultural collaboration skills as part of their work in virtual teams. Unlike MOOCs—massive open online courses—the Global Network classes are based on a SNOC—small network online course—model and are therefore only open to students from the top business schools that are members of the GNAM. Read more

Published: January 15, 2015

Kaplan Survey Finds Most MBA Programs Don’t Plan to Cut Essays Despite Trend Among Elite Schools

Many leading business schools have been slashing the number of essays they require applicants to write in recent years, but a recent survey of schools across the United States reveals that it’s a trend confined mainly to only the most competitive MBA programs. Kaplan Test Prep earlier this week reported that only 13 percent of the 204 business schools that participated in its 2014 business school admissions officers’ survey had cut the number of admissions essays for this most recent admissions cycle as compared to 2013. Furthermore, only 3 percent reported plans to cut essays for the next admissions cycle. “While it’s true that some of the most competitive business schools have cut the number of admissions essays or reduced the word count, our survey finds that the overwhelming number of MBA programs continue to see value in applicants submitting more information about themselves,” Brian Carlidge, Kaplan Test Prep executive director of pre-business and pre-graduate programs, said in a statement. “From what we’ve seen, the business schools that have cut their number of admissions essays are doing so to streamline the process, believing they can get what they need from applicants through fewer, more focused essays,” he continued. Read more

Published: January 14, 2015

UMichigan’s Ross School of Business to Launch new Leadership Center with $20 Million Gift

The Ross School of Business at the University of Michigan at Ann Arbor will soon be home to an innovative new center devoted to developing leaders capable of driving real change and tackling some of the greatest challenges facing the world today, the school announced today. The Sanger Leadership Center has been made possible thanks to a generous $20 million gift to Ross from former General Mills CEO Stephen W. Sanger and his wife, Karen. Ross already has its very successful Ross Leadership Initiative, and the new center will incorporate and expand on many of its current activities. They include an annual Impact Challenge and Crisis Challenge, Legacy Lab, Story Lab, skills-based workshops, and a variety of learning communities. Ross also features the Leaders Academy, which affords students opportunities to create, launch and lead actual businesses. In addition to maintaining and expanding this programming, the new Sanger Leadership Center will also serve as a resource for Ross students, providing personalized feedback, coaching and development. Faculty, too, will receive support from the center as they research revolutionary new leadership practices. Read more

Published: January 13, 2015

London Business School Partners with AQR to Launch Asset Management Institute

London Business School (LBS) has partnered with global investment management firm AQR to launch a new institute to advance research surrounding global asset management, the school announced today. Called the AQR Institute of Asset Management, it will fund and generate research in asset management to help individuals and organizations preserve and generate long-term wealth. Four LBS academic members will lead the AQR Institute: Professors of Finance Francisco Gomes, Ralph Koijen, and Narayan Naik and Professor of Economics Hélène Rey. An advisory council made up of leaders in academia and the asset management industry will also contribute to the institute’s initiatives and growth. Read more

Published: January 12, 2015

University of Chicago Booth School of Business Welcomes New Associate Director of Admissions

Last month, the University of Chicago Booth School of Business welcomed a new associate director of admissions. Megan Stiphany now leads MBA recruitment and evaluation. She also will oversee Booth’s many on-campus events, including the Campus Visit Program, Booth Live, First Day and the Summer Business Scholars Program. Stiphany comes to Booth from the University of Notre Dame, where she served for five years as the director of student services for graduate business programs. In this role, she was responsible for Notre Dame’s full-time MBA program, as well as its Master of Science in Accountancy and Master of Science in Management. Read more

Published: January 12, 2015

Find Out How You Compare to Other Applicants With MBA LiveWire

Are you curious about how your peers are doing as they navigate the MBA admissions process? If so, you’ll be pleased to learn about the launch of Clear Admit’s MBA LiveWire! The MBA LiveWire shows admissions results submitted by our site visitors in real time. You can use the LiveWire to check out the profiles of applicants who have been accepted, rejected, invited to interview, or waitlisted at top business schools! If you have received an invitation or decision notification, you can also share your results to help other nervous applicants. MBA LiveWire entries are anonymous and take only a Read more

Published: January 12, 2015

Trivia Tuesday: Language Requirements at INSEAD

Hello again and welcome to this week’s Trivia Tuesday, in which we spotlight program elements that help distinguish the leading business schools from each other. Today we’re taking a look into the Clear Admit School Guide to INSEAD to share an excerpt about the language requirements at INSEAD’s MBA program. A distinctive aspect of INSEAD’s MBA program is that language skills are an official requirement for both admission and graduation. Beyond the requirement that students possess proficiency in two languages upon enrollment (see Chapter 6, “Application Requirements”), one of which must be English, students must also demonstrate basic knowledge of a Read more

Published: January 11, 2015

UVA’s Darden School of Business Appoints New Dean

A senior partner who leads learning and leadership development for consulting firm McKinsey & Company will serve as the next dean of the University of Virginia’s Darden School of Business, the school announced last week. Scott C. Beardsley will assume the role as the business school’s ninth dean beginning August 1st and will also hold the Charles C. Abbott Professorship in Business Administration, as is tradition for the dean. Beardsley has advised some of the world’s leading companies in his 26 years with McKinsey. From 2011 to 2014, he was an elected member of the firm’s global board of directors, and he has been based for most of his career in McKinsey’s Brussels, Belgium office. Read more

Published: January 8, 2015

IE Business School’s Global Corporation Center Outlines Future Research Focus

The Global Corporation Center, launched last spring by Spain’s IE Business School and EY (formerly Ernst & Young), will focus its research on three main issues: the valuation of intangible assets, corporate diplomacy and digital transformation, IE announced last month. IE and EY partnered to launch the new center last April, which will offer workshops, publish research reports and look at challenges, key trends and strategies for 21st century business organizations. “Globalization is influencing countries as well as people and businesses,” said Francisco Navarro, vice dean of IE Business School, who serves as the center’s director. “The Global Corporation Center will examine the impact of this new scenario on corporate strategy.” Read more

Published: January 7, 2015

Harvard Business School Admissions Director Shares Round 2 Interview Invitations Info

To all those who submitted Round 2 applications to Harvard Business School (HBS) earlier this week, congratulations! We hope you’ve taken a deep breath and done a little something to celebrate the culmination of what we know was likely a lot of hard work. You can rest assured that your application is now in the hands of the HBS admissions team, led by Managing Director of MBA Admissions and Financial Aid Dee Leopold. “The Round 2 application deadline went smoothly and we are now in hibernation-mode and happily reading,” Leopold wrote in a post today to her Admissions Director blog. She devoted the remainder of her post to sharing details about the next big step in the application process, the interview. Interviews will begin on February 12th and continue through early March, Leopold wrote. The will be conducted on the HBS campus as well as in the following hub cities: Shanghai, Tokyo, Dubai, Mumbai, London, Paris, Menlo Park and New York City. Read more

Published: January 7, 2015

USC Marshall School of Business Offers First-of-Its-Kind Social Entrepreneurship Degree

Students at the University of Southern California’s Marshall School of Business are now entering their second semester as part of the school’s innovative Master of Science in Social Entrepreneurship program, the first of its kind at a U.S. business school. Students in this first cohort include a professionally trained ballerina, a former Wall Street executive turned stay-at-home mom and a property management director. Their future plans are as varied as their backgrounds, but they share a commitment to address social issues, including poverty, equal access to education and affordable healthcare. The MSSE program is based in Marshall’s Brittingham Social Enterprise Lab, led by founding director Adlai Wertman, professor of clinical entrepreneurship. Its curriculum offers students a solid business foundation focused on social enterprise and practice, including courses in feasibility analysis, impact investing, cause-related marketing, environmental sustainability and global social impact. Read more

Published: January 5, 2015

GMAC Employers’ Poll Projects Strong 2015 Hiring for MBAs

Nine out of 10 employers planning to hire business school graduates in 2015 expect to hire as many or more than they did in 2014, according to a year-end survey of employers by the Graduate Management Admissions Council (GMAC). GMAC’s 2014 Year-End Poll of Employers, released today, also revealed that more than half of all employers polled plan to increase starting salaries for MBAs in 2015, and the majority (55 percent) will offer internship opportunities to graduate management students. “The solid job prospects for b-school talent seen over the past several years and again reflected in this poll, gives prospective students good reason to consider pursuing these degrees as part of a strategy to drive their career goals,” Rebecca Estrada Worthington, GMAC’s Survey Research Manager, told India’s Business Standard. Read more

Published: January 4, 2015

MIT Sloan School of Management Announces New LGBT MBA Fellowship

As part of its commitment to fostering a diverse MBA class, MIT Sloan School of Management will award a new fellowship for lesbian, gay, bisexual, and transgender (LGBT) students to one or more members of the class of 2017, the school announced last week. The new Reaching Out LGBT MBA Fellowship will be worth at least $10,000 per year. “This is the first year that MIT Sloan will award this specific fellowship,” Jeff Carbone, associate director of admissions, said in an article on the MIT Sloan website. He added that the decision to offer the fellowship was a simple one, “because we look for diversity in all forms.” Read more

Posts by Clear Admit

MBA Livewire