MBA News
A collection of news items from MBA programs and about the business school admissions process.
Published: August 13, 2015
Wharton Joins the 43 Percent Club, Average GMAT Score Soars
The Wharton School at the University of Pennsylvania will welcome a 43 percent female class this year, according to Class of 2017 profile statistics released this morning, placing it among the front runners of elite business schools. Just last week, the Kellogg School of Management at Northwestern shared class profile statistics, revealing that it, too, has an incoming class that is 43 percent women. Both schools this year match UC Berkeley’s Haas School of Business female enrollment last year, when that school held the record.
Notably, Wharton did set a record itself in 2011, when women made up 44.7 percent of its entering class. But the school then backslid a little, to 42 percent in 2013 and 40 percent last year. It’s nice to see the Philadelphia school regain some ground.
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Published: August 12, 2015
High-Touch Outreach by Current Students Helps Boost Kellogg’s Female Enrollment
The Kellogg School of Management at Northwestern University is very excited about its incoming class—and with good reason. A record 43 percent of the Class of 2017 is female—a five-point surge over last year—making Kellogg a frontrunner in a national race to increase female enrollment at business schools. Indeed, Kellogg’s class profile was released just a day before the Council of Economic Advisers and the Council on Women and Girls convened representatives from dozens of leading business schools at the White House to commit to a set of best practices developed to expand opportunities for women in business school and beyond.
But Kellogg's female enrollment wasn’t the only statistic to surge with its newest class. Kellogg’s average GMAT score also jumped, from 716 last year to an all-time high of 724 this year, effectively countering any misplaced concerns that admissions standards with regard to academic caliber might falter as part of a business school gender drive.
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Published: August 9, 2015
UT McCombs Launches New LinkedIn Recommendation Option for MBA Applicants
Beginning this application season, the McCombs School of Business at the University of Texas at Austin will let MBA applicants use recommendations from their LinkedIn profiles in lieu of traditional letters submitted by recommenders directly to the school. This new option, which went live with the McCombs’s 2015-16 full-time MBA application late last week, is a first among leading business schools.
Feedback from previous applicants and admissions consultants drove the change, says Rodrigo Malta, McCombs director of MBA admissions. “We gather input from applicants at the end of each season, and one of the main pain points we identified were letters of recommendation,” he says. Every school was doing it differently, requiring applicants to go to recommenders with multiple requests. “AIGAC (the Association of International Graduate Admissions Consultants) also gave us feedback about how painful the recommendation letter process was to both applicants and recommenders, even driving some applicants to draft and submit letters on behalf of their recommenders,” he continued.
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Published: August 5, 2015
LiveWire Data Offers Interesting Insights into Admissions Results
Clear Admit launched its MBA LiveWire feature in December 2014, giving applicants unique real-time insight into how their peers are faring in the admissions process at 33 leading MBA programs around the world. Perhaps most fun, LiveWire lets people share the good news when they are accepted to their target school. It also gives those still waiting to hear a heads up that decisions are rolling out. But more than that, seeing the self-reported GMAT scores and GPAs of other applicants also enables those who follow LiveWire to benchmark their own credentials against their peers.
Now, with almost eight months of collected data, LiveWire also provides a means of analyzing prior admissions cycles. In fact, we have just undertaken the first analysis of LiveWire responses, and the scatterplot here showcases what we’ve found.
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Published: August 3, 2015
Leadership? At Kenan-Flagler, There’s an App for That
Leadership development is a primary focus at top business schools all over the world, with professors, core courses, initiatives and centers all devoted to shaping MBA students into the leaders of tomorrow. The Kenan-Flagler Business School at the University of North Carolina at Chapel Hill is taking things to a new level with the launch of its Leadership App, a digital tool designed to deliver the school’s signature leadership development content directly to students on their iPads.
Kenan-Flagler launched its leadership initiative in 2005 to give its MBA students a competitive advantage in the job market, according to Mindy Storrie, director of leadership development at UNC Kenan-Flagler. In the ten years since, the school has customized the leadership content for all of its degree programs.
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Wharton India Economic Forum to Take Place in Both India and Philadelphia
This post has been republished in its entirety from its original source, metromba.com.
The Wharton School at the University of Pennsylvania has announced that it will hold its annual India-focused conference next year in India for the first time. The Wharton India Economic Forum (WIEF), which is marking its 20th anniversary, has historically been held on Wharton's Philadelphia campus. The 2016 conference will be held both in Mumbai and Philadelphia. The main goal of the conference is to bring together industry leaders, investors, government leaders and Wharton professors to discuss specific challenges facing the Indian economy and Indian businesses.
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Haas-Accenture Partnership Creates New Big Data Curriculum
From financial services to retail to utilities, companies in an ever-increasing range of industries are exploring and implementing big data and analytics. To equip its MBAs with the tools they need to understand how data science stands to transform business, the Haas School at the University of California at Berkeley has forged a new partnership with global management consulting, technology and outsourcing company Accenture. Together, they have launched a multi-phase initiative designed to position big data squarely within the Haas curriculum.
“Today, every company is a technology company, every company is a software company, every company is a data company,” says Gregory La Blanc, a finance and technology lecturer at Haas. “To be successful, our students need to know how to navigate the strategic landscape in a world filled with all this data.”
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CMU’s Tepper School Appoints New MBA Program Head
The Tepper School of Business at Carnegie Mellon University (CMU) recently appointed a new head of its MBA program, the school announced last week. Kathryn (Kate) Barraclough comes to Tepper from the Owen Graduate School of Management at Vanderbilt University, where she served as director of the school’s Masters in Finance program while also teaching a range of finance courses.
“Kate Barraclough brings an impressive and broad background, ranging from academia to financial services,” Tepper School Dean Robert Dammon said in a statement announcing her appointment. “Her achievements as a scholar, researcher and educational leader were fundamental qualities that led to her appointment.”
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GMAC Debuts Interactive Post-MBA Salary Estimator
Especially given the price tag that accompanies obtaining an MBA from a leading business school, it would be foolhardy for prospective applicants not to give careful consideration to the degree’s return on investment (ROI). This, of course, will depend on the career you pursue after graduation and the salary you are able to command in that role.
Turns out you’re in luck. The Graduate Management Admission Council (GMAC), which administers the GMAT entrance exam, has created a new tool designed to help prospective applicants estimate the salary they can expect to earn after completing their degree. Prospective students enter their intended industry and job function, and the tool then parses data compiled by GMAC's surveys of thousands of MBA alumni to return a tailored salary estimate.
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Darden’s Dean Is Bullish on School’s Future as He Prepares to Depart
We had the distinct pleasure of speaking recently with Bob Bruner, who for the past 10 years has served as dean of the Darden School of Business at the University of Virginia. He will step down at the end of this month, when Scott Beardsley becomes the ninth dean of the school.
In the wide-ranging interview that follows, Dean Bruner reflects on his time at Darden, the strengths his successor will bring in his role as Darden's dean, the state of graduate management education and why he is optimistic about Darden’s future.
As always, he was thoughtful and engaging, with valuable insights for anyone considering business school, whether at Darden or elsewhere. We are so grateful to him for making the time to speak with us.
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Citi CIO Debby Hopkins Named Haas’ Newest Executive Fellow
This post has been republished in its entirety from its original source metromba.com.
The Haas School of Business at the University of California at Berkeley recently named Citi Chief Innovation Officer (CIO) Debby Hopkins as Haas’ newest executive fellow. Hopkins, who is also CEO of Citi Ventures, is returning to Haas in this new role after speaking as part of the Haas Dean’s Speaker Series in 2012.
“Debby is a trailblazer, continuing to question the status quo in her industry,” Haas Dean Rich Lyons said in a statement. “Her views on innovative leadership and social enterprise deeply resonate with our school's identity—we're thrilled to welcome her back.”
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New Associate Dean to Spearhead Growing Entrepreneurship at Yale SOM
As a reflection of the growing importance of entrepreneurship at the Yale School of Management (SOM), the director of the school’s entrepreneurship initiatives has been appointed associate dean, the school announced earlier this month.
Kyle Jensen joined Yale SOM last year as the inaugural Shanna and Eric Bass ’05 Director of Entrepreneurship. Under his leadership, the school’s Program on Entrepreneurship added seven new entrepreneurship courses last year, drawing students from the entire university.
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Admissions Director Offers Advice on Kellogg’s New Essay Questions
We caught up with Director of Admissions Beth Tidmarsh late last week to discuss the new essay questions posted by the Kellogg School of Mangement on July 8th. Though the wording and order of the questions has changed slightly this year, applicants are asked, like last year, to respond to two required prompts and given 900 words in which to provide their answers. As in past years, applicants also have the opportunity to respond to an additional optional essay with no word limit.
Leadership and collaboration once again factor prominently into Kellogg’s new essay questions this year, but Tidmarsh and her team hope the prompts provide applicants with a great deal of latitude in how they respond.
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Entrepreneurship at Ross Gets Major Boost with $60 Million Alumni Gift
A generous new pledge from longstanding benefactors to the University of Michigan will supercharge entrepreneurship studies at the Ross School of Business, the school announced today. The $60 million gift, from the Zell Family Foundation, will provide endowed support for the Samuel Zell and Robert H. Lurie Institute for Entrepreneurial Studies.
The institute was originally established in 1999 with a $10 million gift from the Zell Family Foundation and the Ann and Robert H. Lurie Family Foundation. This newest injection of cash will support continued development of entrepreneurship programs for students and alumni, including $10 million dedicated to a new fund that will invest in new student business ventures.
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UCLA Anderson Entrepreneurship Bootcamp Helps Kick Start Vets
This post has been reproduced in its entirety from its original source metromba.com.
On Saturday, July 11th, a group of disabled veterans will use their military abilities of resilience, focus and leadership to learn the basics of business ownership at the Entrepreneurship Bootcamp for Veterans with Disabilities (EBV) at UCLA Anderson. The event, co-hosted by the Institute for Veterans and Military Families at Syracuse University (IVMF) and the Harold and Pauline Price Center for Entrepreneurial Studies at UCLA Anderson School of Management, helps post-9/11 veterans with service-connected disabilities develop skills and tools needed to launch, grow and lead successful businesses.
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New HEC Paris Dean Appointed to Succeed Outgoing Bernard Ramanantsoa
Leading French business school HEC Paris yesterday announced a new dean to succeed Bernard Ramanantsoa, who steps down at the end of August after 20 years in the role. Respected researcher and professor Peter Todd will take Ramanantsoa’s place beginning September 1st, serving as the school’s first-ever non-French dean.
The Canadian-born Todd, an expert in the fields of innovation management and information technologies, also brings significant experience managing MBA programs. Until 2014, he served as dean of the Desautels School at Canada’s McGill University, where he himself obtained his undergraduate degree.
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Harvard Business School Case Method Video Slated for Makeover
If you’ve looked at the new essay prompt for Harvard Business School (HBS) this year, you may have noticed that applicants are encouraged to view a video before starting to write. If you hadn’t noticed, you’re welcome.
HBS Managing Director of Admissions and Financial Aid Dee Leopold is passionate about applicants watching this video, which brings to life the signature HBS case method. “I am a nut about that,” she confesses. “If I could require that applicants watch it, I would.”
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A PEEK Is All It Takes: HBS’s Innovative Initiative to Woo Women
HBS Professor Youngme Moon teaching PEEK students Photo credit: Evgenia Eliseeva
For Priyanka Krishnamoorthy, a 2015 Mt. Holyoke graduate working in investment banking at Bank of America, a recent weekend at Harvard Business School (HBS) helped set her sights on pursuing an MBA. The Sri Lankan native majored in economics and minored in math and had been thinking about business school for a while. She originally read about PEEK—an innovative weekend program HBS debuted last month for students from women’s colleges—in an article in the paper. She decided to apply after attending an information session HBS held at neighboring Smith College. “They pitched it really well as a way to see what HBS is like,” she recalls. “On campus you hear a lot about PhD programs and law school, but not about business school.”
For Krishnamoorthy, the highlight of the weekend was getting to meet current HBS students and alumnae and hearing about the decisions they made both before and after business school. Just a few weeks into her own first job, she found their choices really eye-opening. “I thought there was a set path to it, but they all said, ‘No, you can come from anywhere.’” She was encouraged multiple times throughout the weekend to think of the MBA more as a master’s in leadership than a master’s in business administration.
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NYU Stern Ranked Number One in Support of LGBTQ MBA Students
Last week’s momentous Supreme Court ruling on marriage equality helped more people than ever before feel like the United States is a great place to be part of the LGBTQ community. Maybe it got you wondering about which business schools are the best places to be part of that community?
As it turns out, there’s a ranking for that. And this year, New York University (NYU) Stern School of Business soared to the top, winning recognition for getting more of its student body involved to help foster an LGBTQ-inclusive campus culture than any other top business school.
The MBA Ally Challenge rankings, released in June, are the culmination of a year-long competition launched by nonprofit organization Friendfactor as part of an effort to encourage straight people to become visible and active allies in their workplace and campus communities.
Twenty-three schools participated this year, shattering prior records. Together, the business schools involved 9,000 students as allies—more than double last year’s participation of 4,300—and hosted more than 280 events and activities. Collectively, the schools improved LGBTQ inclusiveness on campuses by 30 percent based on measures taken at the beginning and again at the end of the school year, Friendfactor reports.
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Fuqua Admissions Dean Dishes on Essays and Life
It’s not every admissions director who will make time during her vacation to discuss how prospective business school applicants should approach their essays. And yet Liz Riley Hargrove, associate dean for admissions at Duke University’s Fuqua School of Business, did just that. Speaking from North Carolina’s Outer Banks this morning, before the kids woke up ready to head to the beach, she shared insights with Clear Admit on the essay prompts released last week.
Not a lot has changed this year in terms of Fuqua’s application, it turns out. Applicants will find they have twice as much space in which to answer three short-answer prompts—one on short-term goals, one on long-term goals and one on an alternative plan should that first short-term goal not pan out. This year candidates get 500 characters for each response, up from 250 last year. “We wanted to give candidates a little more opportunity to expand upon their responses,” she says of this year’s doubled answer field.
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MBA Provides Both Immediate and Lasting Value, Say Graduates
Type “the MBA is” into Google, and the autocomplete box fills with inauspicious indicators of the degree’s value. “The MBA is losing its magic” is followed by “the MBA is worthless” and “why the MBA is a waste of time and money.” Students graduating with an MBA disagree—and quite emphatically—according to a survey report released today at the annual Graduate Management Admission Council (GMAC) Conference in Denver.
“Business school graduates are clear in their judgment that their degrees not only provided immediate value, but lasting value,” Bob Alig, GMAC’s executive vice president for school products, said in a statement announcing the results. Indeed, nine out of 10 of the more than 3,000 graduating business school students who responded to the GMAC Global Management Education Graduate Survey (GMEGS) rate the value of their degree as good to outstanding, and 88 percent would recommend their program to others considering a graduate business degree.
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Today’s Mobile Generation Wants Business School Admissions on the Go
Business schools that aren’t meeting prospective applicants on their mobile devices and via social media may need to rethink their strategy—and fast. This according to a recent survey measuring how today's mobile generation consumes media as part of the MBA admissions process. Results of the survey, conducted by Southwark Consulting and the Graduate Management Admissions Council (GMAC), were released last week.
“Everyone has read stories and surveys about this newest generation shifting its media consumption habits,” says Southwark consultant Alex Brown, who co-authored the study. “The interesting thing about this study is that it is the first one to specifically target people applying to or considering business school.” The survey’s 743 respondents from around the world were all registered on mba.com, the official website of the Graduate Management Admissions Test (GMAT), which is the primary entrance exam for business school applicants.
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Cornell’s Johnson School Admission Director Shares Excitement about Forté Conference
Current MBA students and alumni from leading schools around the country and the globe convened yesterday and today for the 2015 Forté Foundation MBA Women’s Leadership Conference, held this year at Georgetown University’s McDonough School of Business. Representatives from Forté’s sponsor schools are as important a part of the conference as the student attendees. Admissions directors and others from Forté’s 48 sponsor schools attend in order to meet students, learn from speakers and network with sponsor companies. They also share their own challenges and triumphs as they relate to enhancing the experience of current and prospective female MBA students.
Judi Byers, executive director of admissions and financial aid at the S.C. Johnson Graduate School of Management at Cornell University, shared her excitement via Twitter about attending this year’s conference. Clear Admit caught up with Byers, who joined the Johnson School earlier this spring, to learn a little more about what she most hoped to gain from the event.
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Forté Foundation Women’s Leadership Conference Draws Record Attendance
Current female MBA students and alumni have come out in droves this year for the 2015 Forté Foundation MBA Women’s Leadership Conference, taking place now at Georgetown University’s McDonough School of Business. Kicking off with a sponsors meeting on Thursday for school and company representatives, followed by a career-focused day of programming yesterday and a day centered around professional development today, the conference this year has welcomed 459 MBA women and alumni, in addition to more than 100 speakers and presenters. For those who don’t know Forté, it is a nonprofit consortium of leading companies and top business schools devoted to launching women into successful business careers.
“I think we have pulled together some really interesting topics that a lot people want to hear about,” says Elissa Sangster, Forté Foundation executive director, when asked what contributed to this year’s record attendance. “We are excited to see it all come together.”
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A European MBA: Right for You?
IESE in Barcelona, Spain
With the dollar reaching a 12-year high against the euro earlier this spring, much ink has been spilled about how the time is right to head to Europe for an MBA. Indeed, pursuing a graduate management education abroad can present a range of advantages for American students—with cost savings chief among them, especially given the recent relative strength of the dollar. That said, the decision of whether or not to head to one of Europe’s top business schools is a highly personal one best made after careful consideration of many factors that extend well beyond any savings tied to currency rates.
“Oh yes, I definitely did benefit from the exchange rate,” says Alexander Eldred, a Washington, DC native currently completing his MBA at France’s HEC Paris. As luck would have it, Eldred paid the bulk of HEC’s 52,000 euro tuition in March, right as the euro dipped to 1.05 to the dollar. Had he paid the entire tuition then, it would have amounted to $54,600 for a degree that just a year earlier would have run him $72,280. Add to that living expenses, which are similarly lower than they have been historically thanks to the exchange rate, and the savings stack up.
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