MBA News

A collection of news items from MBA programs and about the business school admissions process.

Published: December 15, 2013

Job Market Looks Good for MBAs, GMAC Employer Survey Finds

More than three-quarters of employers that plan to hire business school graduates in 2014 expect to maintain or increase their hiring levels over last year, according to a year-end survey conducted by the Graduate Management Admission Council (GMAC). Annual base salaries will also rise, GMAC reports. “Actual hiring for 2013 and projected hiring for 2014 are much improved from a few years ago, despite persistent uncertainty in the global economy,” GMAC Survey Manager Rebecca Estrada said in a statement. “In addition, between 45 percent and 58 percent of employers plan to increase annual base salaries at or above the rate of inflation, another indicator that demand for talent remains strong.” Read more

Published: December 12, 2013

Try a Taste of UNC’s Kenan-Flagler Business School with A Class in Portuguese or Mandarin

The University of North Carolina Kenan-Flagler Business School will offer two new online courses for business professionals and MBA students, on in Portuguese and another in Mandarin, the school announced last month. “Working Portuguese” and “Working Mandarin,” each taught at the beginner level, will be offered Jan. 27-April 7, 2014. The fee for MBA students will be $575; working professionals will pay $775. The cost will cover 10 weekly online sessions with the professor and a weekly online conversation hour with native speakers of the languages being studied. For prospective applicants with an interest in languages who are Read more

Published: December 11, 2013

Columbia Business School Announces New Dong-Bin Shin Fellowships

Columbia Business School (CBS) has announced four two-year, full-tuition fellowships open to international students entering in August 2014. Announced late month, the Dong-Bin Shin Fellowships will be awarded, one each, to students from four different regions: the Middle East or Africa, Europe, Latin America and South Korea. Applications are due by January 6, 2014. The fellowships are named for CBS alumnus Dong-Bin Shin ’81, chairman of the Lotte Group, a diversified company based in South Korea and Japan that includes more than 70 companies across a range of industries. Shin, who also serves as a member of the CBS Board of Overseers, recently made a $4 million gift to the school, part of which will support the fellowships. Read more

Published: December 10, 2013

McKinsey Outpaces All Other Employers in Hiring MBAs from Kellogg, Chicago Booth

Consulting firm McKinsey & Co. hired more 2013 MBA graduates from both Northwestern University's Kellogg School of Management and the University of Chicago's Booth School of Business than any other employer, Crain’s Chicago Business reports. Forty-six of Kellogg’s 750 graduates headed to post-MBA jobs at McKinsey, and 41 of Booth’s 579 graduates did the same, Crain’s reported, citing annual employment records from the schools. McKinsey has been the largest employer of Booth graduates for five years running. Kellogg can almost make the same claim, except that Boston Consulting Group hired three more graduates than McKinsey in 2010. Read more

Published: December 8, 2013

Updates from Ross School of Business Director of Admissions Soojin Kwon

Prospective applicants to the University of Michigan’s Ross School of Business are busy working toward Round 2 and 3 deadlines, and Director of Admissions Soojin Kwon has been sharing lots or relevant information on her Director’s Blog recently. In a post late last week, she reminded second- and third-rounders not to miss a Webinar she and her colleague, Senior Associate Director Diana Economy, hosted online on December 4th. Anyone can access the recorded presentation, which includes a range of advice and tips on the Ross MBA application, including specific information useful Read more

Published: December 5, 2013

Entrepreneurship at Harvard Business School Begins at Arthur Rock

The Wall Street Journal this week featured an article focused on the ways top business schools are touting how many successful start-ups they spawn. At Harvard Business School (HBS), the success of entrepreneurial MBAs is credited in great part to the Arthur Rock Center for Entrepreneurship. The Rock Center provides a range of support and resources to would-be HBS entrepreneurs, including the Rock Accelerator Program and the New Venture Competition, which both offer guidance and funding to promising ventures. The Rock Center also provides students with early-stage feedback and features an Entrepreneurs-in-Residence program. Read more

Published: December 4, 2013

Cornell’s Johnson School Unveils Curriculum for New One-Year MBA Program on NYC Tech Campus

Cornell University’s Johnson Graduate School of Management yesterday unveiled the curriculum for its new one-year MBA program, which it will offer on its New York City tech campus beginning in May 2014. The full-time program will include condensed courses, company-hosted projects and a January global trek to Israel. The new degree has a strong technology focus, and 90 percent of the roughly 20 applicants who have been admitted to date have strong quantitative backgrounds or hold science-related degrees, said Christine Sneva, Johnson executive director of admissions and financial aid. Read more

Published: December 3, 2013

Dartmouth’s Tuck School of Business Sends Student Delegation to Climate Change Conference

Four of the past five years, Dartmouth College’s Tuck School of Business has been the only business school to send a delegation of students to an annual summit focused on climate change. Three second-year Tuck MBA students traveled last month to Warsaw, Poland, for the 19th Annual Conference of the Parties (COP19), sponsored by the United Nations. “Climate change is not only one of the central issues of our time, but it’s one in which businesses are front and center, both as the cause and the solution,” finance professor Anant Sundaram, who teaches the Business and Climate Change elective at Tuck, said in an article on the school’s website. Recognizing this, Tuck believes it is crucial to bring MBAs into the conversation and expects other business schools will follow its lead, Sundaram added. Read more

Published: December 2, 2013

New York University Names New Global Research Professor to Teach at Stern School of Business

Political scientist and foreign policy expert Ian Bremmer has been named a Global Research Professor at New York University (NYU) and will teach at NYU ’s Stern School of Business, the school announced today. Bremmer is president and founder of Eurasia Group, which provides political risk analysis to financial, corporate and government clients. In his new role, he will teach courses at Stern on the intersection between political science and business. He will also organize lectures and seminars at both the business school and the Center for Global Affairs at the NYU School of Continuing and Professional Studies. Read more

Published: December 1, 2013

Little Change Year Over Year in Poets&Quants’ MBA Rankings

Poets&Quants today released its 2013 composite ranking of the best full-time MBA programs in the United States, revealing that very little has changed since last year. In fact, the top eight programs this year are exactly the same, in the same order, as they were last year. The only change among the top 10 schools was that ninth and tenth place last year (Berkeley's Haas School of Business and Duke University's Fuqua School) flip-flopped this year. P&Q arrives at its rankings by weighing five other leading MBA rankings: Bloomberg BusinessWeek, the Economist, the Financial Times, Forbes, and U.S. News & World Report. The composite ranking, P&Q asserts, helps reduce flaws in the other rankings caused by faulty survey technique, biased methodology or other issues. “The composite index tones down the noise in each of these five surveys to get more directly at the real signal that is being sent,” reads the P&Q report. Read more

Published: November 28, 2013

Oxford’s Saïd Business School, Zamir Telecom Establish New Scholarship for Tech Sector Students in Emerging Economies

Saïd Business School at the University of Oxford earlier this month announced the creation of a new scholarship to help support MBA students from the technology sector, made possible thanks to a generous gift from a global telecommunications firm. Zamir Telecom will give Saïd £15,000 (approximately $24,500) per year for three years, which will fund one scholarship each year. The Zamir Telecom MBA Scholarship is open to applicants from an emerging economy (in Africa, Asia or the Middle East) or to those from other countries who have an interest in technological advancement in emerging economies. Read more

Published: November 27, 2013

UC Berkeley Student Club Hosts Inaugural Entrepreneurship Week

The University of California at Berkeley welcomed dozens of entrepreneurs and venture capitalists last week as part of the inaugural Berkeley Entrepreneurship Week. Organized by Startup@Berkeley, an interdisciplinary campus club, the event was designed to help inspire students from throughout the university to pursue entrepreneurial careers. "We noticed there weren’t any campus groups at Berkeley that unified all the campus initiatives centered on entrepreneurship,” Startup@Berkeley Co-president Rachel Tsao, BA 15, said in a statement. “We wanted to create this event to bring everyone together," she continued. Read more

Published: November 25, 2013

Cornell’s Johnson Graduate School of Management Fine Tunes Curriculum for One-Year MBA in New York City

Cornell University’s Johnson Graduate School of Management consulted top tech companies to design the curriculum for the new one-year MBA program it plans to launch on its New York City tech campus next spring, according to a recent article in the Wall Street Journal. The new degree program will target engineers and software developers seeking to round out their technical skills with a foundation in management. LinkedIn Corp. and Deloitte Services LP were among the companies Johnson consulted in deciding how to structure the new program’s curriculum, Johnson Associate Dean for MBA Programs Doug Stayman told the Journal. Employers suggested courses on software development and leadership instruction, including a special focus on persuasion, the Journal reports. Read more

Published: November 24, 2013

Business Schools Accept Greater Percentages of Applicants from Non-Traditional Backgrounds, Survey Finds

Business school are increasingly accepting more applicants with backgrounds in fields other than consulting, marketing and business, according to results from a recent survey by Kaplan Test Prep. Kaplan surveyed business school admissions directors from 140 business schools and found that 54 percent said they accepted more students from STEM (Science, Technology, Engineering and Math) backgrounds for the 2013-14 cycle than they did three years ago. “Business school demographics are shifting, with growth coming from applicants who are younger, more international and have STEM backgrounds,” Lee Weiss, Kaplan executive director of pre-business and pre-graduate programs, said in a statement. Read more

Published: November 21, 2013

95 Percent of Class of 2013 U.S. MBA Grads Employed Within Three Months

Employment rates for recent U.S. MBA graduates hit a five-year high, with 95 percent of the Class of 2013 employed by September 2013, according to a recent survey by the Graduate Management Admission Council (GMAC). Worldwide, 90 percent of 2013 graduates were employed three months out from graduation, down slightly from the 92 percent of last year’s graduates employed by September 2012. MBA hiring this year was more sluggish in Europe, where only 82 percent of graduates secured jobs by September 2013, according to GMAT. But European graduates of one-year MBA programs reported the highest median starting salaries of all those surveyed – US$101,093. The median starting annual salary for U.S. graduates of two-year MBA programs in 2013 was US$90,000, with a bonus and additional compensation of US$10,000. U.S. graduates of part-time MBA programs reported a median annual salary of US$85,000. Read more

Published: November 20, 2013

Switzerland’s IMD Expands Offerings to Asia with New Singapore Office

Top-ranked Swiss business school IMD this week opened offices in Singapore as part of an effort to extend its offerings to growing markets in South East Asia and Oceania. Thought it has delivered programs from locations around the world for some time, the new Singapore office represents IMD’s first physical presence outside of Lausanne, Switzerland. "The South East Asian and Oceania regions are growing at a rapid and exciting pace," Bettina Büchel, IMD professor of strategy and organization and regional director in South East Asia and Oceania, said in a statement. "IMD's long experience of supporting the strategies of multinationals will be especially useful in helping the region's companies to become global players." Read more

Published: November 19, 2013

UMichigan’s Ross School of Business Leads in Building LGBT-Inclusive Campus Culture

The Ross School of Business at the University of Michigan has gotten more of its student body involved to help foster an LGBT-inclusive campus culture than any other top business school, according to initial standings released last week for the MBA Ally Challenge. The year-long competition, launched by nonprofit Friendfactor, is part of the organization’s larger effort to encourage straight people to become visible and active allies in their workplace and campus communities. Twelve of Bloomberg BusinessWeek’s top-20-ranked MBA programs have taken on the MBA Ally Challenge, and together they have activated more than 1,800 students since this year’s challenge kicked off in late August. Northwestern University’s Kellogg School of Management and MIT Sloan School of Management trail Ross in second and third places, respectively. Read more

Published: November 18, 2013

Northwestern’s Kellogg School of Management Unveils Design Plans for New Business School Building

The Kellogg School of Management at Northwestern University last week unveiled designs for the new building that will become home to its full-time MBA program. The five-story, 410,000-square-foot-building will be constructed on what is now a parking lot next to the building where Kellogg holds its executive education programs. Designed by KPMB Architects of Toronto, the new facility is scheduled for completion in 2016. In unveiling the plans for the new building, Kellogg also announced the official launch of a $350 million capital campaign. Read more

Published: November 17, 2013

$67 Million Alumni Gift to Fund New Home for Carnegie Mellon University’s Tepper School of Business

Continuing a tradition of giving back to his alma mater, Carnegie Mellon University (CMU) alumnus and hedge fund billionaire David A. Tepper has given the school an additional $67 million, which will fund the construction of a new 295,000-square-foot home for the business school. Over the past decade, Tepper has given a total of $125 million to the university, including a $55 million gift in 2004, for which the business school was named in his honor. In addition to funding the new business school building, Tepper’s most recent gift will create the “David A. Tepper Quadrangle,” a new academic hub intended to strengthen collaboration among CMU’s schools and colleges, the university announced. The first expansion of the university’s north campus, the 4.5-acre Tepper Quadrangle will include a new university welcome center, larger and better classrooms, meeting and collaboration spaces and a fitness center and café. Read more

Published: November 14, 2013

UCLA Anderson School of Management Hosts Innovation Conference in China

UCLA’s Anderson School of Management has teamed up with UC Irvine’s Long U.S.-China Institute for Business and Law and a China-based venture capital firm to host a two-day conference in Shanghai on innovation and the emerging Chinese entrepreneurial market, the Anderson School announced. Business leaders from around the globe have convened for Innovation China 2013, which is taking place today and tomorrow at the Shanghai Expo Center. Together, these global business leaders will examine China’s advances in areas ranging from IT and consumer goods to clean technology and advanced material – and the influence these advances are having or stand to have on the global economy. Read more

Published: November 13, 2013

Columbia Business School, Morgan Stanley Launch Sustainable Investing Fellowship

Columbia Business School (CBS), together with investment bank Morgan Stanley, has launched a new fellowship designed to help develop the next generation of leaders in sustainable investing, the school announced earlier this month. The new Morgan Stanley Sustainable Investing Fellowship will give a select group of CBS students the opportunity to help drive investment that promotes sustainable economic growth. Participating Fellows with conduct research with supervision from CBS faculty while also working as interns at Morgan Stanley, to gain experiential learning in product innovation, thought leadership and investment strategy. Read more

Published: November 11, 2013

London Business School Incubator Announces This Year’s Start-Ups

London Business School (LBS) has selected 13 start-up ventures to join its incubator program, which means they will benefit from a cash injection for their business, office space within the incubator for one year, access to professional support and training and more, the school announced this month The school’s Deloitte Institute of Innovation and Entrepreneurship Incubator each year selects a group of graduate entrepreneurs who are launching their own businesses. This year’s winning start-ups span the technology, food and beverage, property and transportation sectors, the school notes. Read more

Published: November 6, 2013

UT’s McCombs School of Business Establishes New Entrepreneurship Scholarships

The McCombs School of Business at the University of Texas at Austin, together with the Jon Brumley Texas Venture Labs (TVL), has created two new scholarships for MBA students interested in entrepreneurship. The TVL Scholarship is a competitive scholarship that will be awarded each February. The new scholarships are worth more than $174,000 each, which covers $10,000 per year in tuition funds and also includes a $30,000 in-state tuition waiver, a slot in an accelerator program (valued at $74,000) and consideration for a post-graduate position as an Accenture Venture Partner (valued at $50,000). Read more

Published: November 5, 2013

UC Berkeley’s Haas School of Business Launches New Institute for Business and Social Impact

The Haas School of Business at the University of California at Berkeley today launched a new institute designed to increase the school’s efforts to help address critical challenges facing the world through creative business solutions. The new Institute for Business and Social Impact will be led by Professor Laura Tyson, an economist, policy maker and former Haas School dean, the school announced. “Our students are determined to make a difference in the world, but the answers are not simple or obvious,” Tyson said in a statement. “We will provide students with the tools and vision they need to design pathways to fulfilling careers so that they can help create a more prosperous, equitable, inclusive and sustainable society.” Read more

Published: November 4, 2013

MIT Sloan Professor Selected to Co-Lead University-Wide Innovation Initiative

Last month, the president of the Massachusetts Institute of Technology (MIT) launched a university-wide innovation initiative and named two faculty members to lead it, including an entrepreneurship professor from the MIT Sloan School of Management. MIT President L. Rafael Reif announced the creation of an MIT Innovation Initiative in an email to the MIT community on October 17th, naming Sloan Professor Fiona Murray and Department of Electrical Engineering and Computer Science Professor Vladimir Bulović to lead the effort. He also named a 19-member advisory committee made up of faculty from across MIT to help develop recommendations on next steps. Read more

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MBA Applywire

December 21, 2024 12:13pm ET

Applying: Dartmouth / Tuck, Northwestern / Kellogg, UPenn / Wharton, UT Austin / McCombs, UVA / Darden

Intake Year: 2025

Pre-MBA Career: Military/Corporate Logistics

Post-MBA Target Industry: Consulting Companies: Bain , BCG , McKinsey

GRE: 302

GPA: 3.63

Years of Work Experience: 9

Notes:

Submitting for R2, but retaking GRE after application deadline. Military Vet with Corporate experience.

December 20, 2024 5:17pm ET

Applying: Columbia, Duke / Fuqua, Harvard Business School, MIT Sloan, Northwestern / Kellogg, Stanford GSB, U. Chicago Booth, UPenn / Wharton

Intake Year: 2025

Pre-MBA Career: Healthcare

Post-MBA Target Industry: Consulting Companies: Bain , BCG

GRE: 332

GPA: 3.5

Years of Work Experience: 3

Location: Florida

Post MBA Location: Consulting

Notes:

25F, lgbtq, 3 years as a registered nurse. also have started working for an early stage VC in the past several months.

December 19, 2024 4:44pm ET

Applying: Berkeley / Haas, Stanford GSB

Intake Year: 2025

Pre-MBA Career: Insurance

Post-MBA Target Industry: Entrepreneurship

GRE: 318

GPA: 3.59

Years of Work Experience: 3.5

Location: Georgia

Post MBA Location: Southeast

Notes:

Looking to launch a tech startup post MBA, without any background in tech. Come from a quant heavy background and undergraduate coursework. I regularly attended admissions events, in person and online at my schools. I hope that focusing energy on my few top schools and spending a lot of time on essays will help me overcome the less than average test score (164 quant 154 verbal) and GPA.

Serial entrepreneur with a history of profitable small businesses. Was promoted twice in 3.5 years. Involved in many extracurricular activities in and outside of work. My background is very centered around financial services/insurance, is this a red flag for a pivot to Tech Entrepreneurship?

Transferred between two state schools in the southeast. School I graduated from is a top 25 undergrad business program. Obtained a few professionals designations post grad.

December 18, 2024 11:38am ET

Applying: Michigan / Ross, UNC Kenan-Flagler, Vanderbilt / Owen

Intake Year: 2025

Pre-MBA Career: Held various positions in Finance and Accounting in a healthcare institution

Post-MBA Target Industry: Consulting, Other Companies: BCG , Deloitte , Other

GPA: 3.0

Years of Work Experience: 11

Location: International

Notes:

I am passionate about healthcare enhancing patient quality care. So exploring in that field is what I would love. Got a 72k scholarship from Vandy and named Forte Fellow. UNC 50k. I'm having a hard time deciding though my heart is leaning towards Owen

December 18, 2024 10:23am ET

Applying: Arizona State / W.P. Carey, Indiana / Kelley, Ohio State / Fisher

Intake Year: 2025

Pre-MBA Career: Facility management

Post-MBA Target Industry: Consulting

GRE: 309

GPA: 2.8

Years of Work Experience: 3

Notes:

Graduate GPA -3.869

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MBA LiveWire

December 21, 2024 8:37am ET

Accepted to Duke / Fuqua

Round: Round 1

Received via phone on December 11, 2024

GMAT: 675

Program Type: Traditional Two-Year

Target Career: Consulting

December 21, 2024 2:38am ET

Waitlisted at Duke / Fuqua

Round: Round 1

Received via phone on December 10, 2024

GPA: 3.27

GMAT: 760

Program Type: Traditional Two-Year

Target Career: Finance

Application Location: CA

December 20, 2024 11:16pm ET

Accepted to Babson / Olin

Round: Round 1

Received via email on December 17, 2024

GPA: 3.9

Program Type: Traditional Two-Year

Target Career: Consulting

Application Location: South Asia

December 20, 2024 7:50pm ET

Accepted to Columbia

Round: Round 1

Received via portal on December 10, 2024

GMAT: 750

Program Type: Traditional Two-Year

Application Location: India

Note:

$100k scholarship

December 20, 2024 3:21pm ET

Accepted to Yale SOM

Round: Round 1

Received via email December 20, 2024

GPA: 4.0

GMAT: 750

Program Type: Traditional Two-Year

Note:

100% scholarship

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