These news items are the latest happenings.
Career Services: Who You Know, as Well as What You Know
8/3/2016 12:00:00 AM
Economist.com | August 3, 2016
Businesses with active plans to hire MBAs are more likely to have had frequent contact with business schools, according to an Economist blog that cites findings from the GMAC 2016 Corporate Recruiter Survey Report. The blogger notes that the University of Chicago Booth—the top school in the Economist’s latest full-time MBA rankings—has 12 people on its employer relations team. It also offers career service across all its MBA programs, not just for its full-time MBA program.
88% Percent of Corporate Recruiters Seek Candidates with Graduate Business Degree, Study Says
8/1/2016 12:00:00 AM
GoodCall.com | August 1, 2016
The healthcare sector and consulting firms are seeing especially high demand for MBA talent, according to the GMAC 2016 Corporate Recruiter Survey Report. GMAC’s Gregg Schoenfeld explains that demand from the healthcare industry increased after the passage of the Affordable Care Act, and consultants want graduates who can support company growth and contribute business acumen.
Business Schools Must Ditch “Obsolete” Economics in MBAs
8/1/2016 12:00:00 AM
TimesHigherEducation.com | August 1, 2016
Business schools are teaching a model of economics that is “obsolete” because it fails to take into account issues surrounding climate change, according to the former director of Imperial College London’s executive MBA program. “Business education needs to [have an] understanding of the evolving challenges that will affect businesses, giving business leaders a deep understanding of how to create business models and solutions that will be durable into the future,” says Ebrahim Mohamed. “By solutions I mean climate-friendly innovation to address business challenges.”
Starting Salaries for Undergraduate, MBA, and Doctoral Business School Graduates
7/29/2016 12:00:00 AM
AACSB.edu | July 29, 2016
Three infographics track starting salaries based on whether individuals graduated from public or private schools; whether the schools are in rural, suburban or urban locations; and whether the schools are accredited by AACSB. The data come from AACSB’s annual Business School Questionnaire.
Want to Train Millennials to Lead? Six Things You Should Know About the Millennial Mindset
7/27/2016 12:00:00 AM
Forbes.com | July 27, 2016
Any organization that wants to train Millennials to be leaders needs to understand several core principles about them, says corporate trainer Jenna Atkinson. Among those principles: Millennials want training that meets their personal and professional goals; prefer frequent feedback and short bursts of training (rather than annual week-long courses); and benefit richly from soft skills training.
Common Rec Form Adopted by Four Schools
7/25/2016 12:00:00 AM
PoetsandQuants.com | July 25, 2016
The business schools at Cornell, New York University, Stanford and the University of Michigan are the first to use the Common Letter of Recommendation Form for the MBA admissions process. The common form saves both candidates and recommenders time by providing a single set of recommendation questions for each participating school.
Insead’s €5,200 Summer School for Teenagers
7/25/2016 12:00:00 AM
FinancialTimes.com | July 25, 2016
For the second year, Insead is teaching the basics of business to 15- to 17-year-olds at a two-week residential summer school. Almost all 70 are children of former Insead students. Officials say this makes the session more of a way to reconnect with alumni than to make money. Meanwhile, upending assumptions about who can be an entrepreneur is the goal of a summer boot camp for high school girls. The program is run by Brescia University College, a women’s institution at the University of Western Ontario, with funding from the Ontario government.
Keeping Pace with Change: The Future of Business Schools
7/21/2016 12:00:00 AM
FinancialMail.com | July 21, 2016
Business schools play an important role in South Africa’s economic development but must prove their relevance, value for money and purpose in the “globally competitive and IT-enabled” knowledge economy, according to the keynote speaker at an event organized by the SA Business Schools Association.
Here's Why Brexit Could Cost MBA Jobs and Business School Applications
6/24/2016 12:00:00 AM
BusinessBecause.com | June 24, 2016
In the uncertain days after the British vote to exit the European Union, business school leaders worry about damage to the UK’s standing as a hub for elite universities, student and faculty recruitment, and MBA job prospects if there’s an exodus in the financial industry. The Independent and Washington Post also offer roundups of reactions. Most echo the president of UniversitiesUK: “Our first priority will be to convince the UK government to take steps to ensure staff and students from EU countries can continue to work and study at British universities and to promote the UK as a welcoming destination for the brightest and best minds.
Global GME Candidate Segmentation: Understanding Candidate Motivations
6/23/2016 12:00:00 AM
GMAC.com | June 23, 2016
To help business schools obtain actionable insights into what drives candidates to consider graduate management education, GMAC has identified seven distinct GME candidate segments and organized them into profiles—from Global Strivers to Career Upgraders. The segments were derived from an ambitious predictive study GMAC debuted at its annual conference in late June. Related research results are being rolled out as infographics, videos and white papers on GMAC.com.
Shattering the B-school Glass Ceiling
6/16/2016 12:00:00 AM
BusinessStandard.com | June 16, 2016
“Our experience at the Vedica Scholars Programme for Women, a globally distinctive ‘reimagined’ full-time management program exclusively for women, suggests there is neither lack of interest nor dearth of potential in women to excel in business and management,” writes Pramath Raj Sinha, founding dean of Indian School of Business and a founder of the Vedica program. “There are unconscious biases operating against admitting women into leading b-schools that need to be consciously weeded out.”
Today's MBA candidates have a clearer vision for the future
6/15/2016 12:00:00 AM
MBAChannel.com | June 15, 2016
Possibly because of better economic conditions, business school applicants are considering applying to fewer programs and are more focused on a particular postgraduate career path, according to GMAC’s 2016 mba.com Prospective Students Survey Report. This story also notes that in Western Europe, interest in specialized, or pre-experience, business master's programs has grown substantially over the past seven years.
Women a Growing Presence at Business Schools Globally
6/9/2016 12:00:00 AM
GlobeandMail.com | June 9, 2016
Between 2006 and 2015, the number of women worldwide taking the GMAT exam jumped 38 percent, more than triple the growth rate for male test takers, according to the GMAC report “
Minding the Gap: Tapping the Potential of Women to Transform Business.” But a “persistent gap” still leaves women under-represented in top leadership positions. Diversity advocates urge business schools to redouble efforts to attract qualified female candidates, recruit top female faculty members and invite successful female CEOs into the classroom.
This is the World's Cheapest MBA
5/29/2016 12:00:00 AM
Fortune.com | May 19, 2016
More than 4,400 candidates have applied for about 1,500 spots in the online MBA program that University of the People will debut in September. About 20 percent of applicants are from America, and one-quarter are from Africa. The university’s founder claims it’s the world’s first almost-free MBA.
Degree merges Chinese and German business capabilities
5/23/2016 12:00:00 AM
Chinadaily.com.cn | May 23, 2016
Germany’s Mannheim Business School and the Tongji University School of Economics and Management in Shanghai are entering their sixth year of collaboration with the Mannheim-Tongji executive MBA program. Tongji, established in 1907 by the German government with German physicians in Shanghai, serves as a window of cultural, technology and science exchanges between China and Germany.
Where 'High-Potential' Women Earn More Than Men
5/18/2016 12:00:00 AM
Fortune.com | May 18, 2016
Companies that want to increase gender diversity at the top are turning the gender wage gap on its ear. The very few female CEOs of the largest US public companies actually earn a lot more than their male peers, according to a soon-to-be released study by a professor at NYU’s Stern School. However, the pay premium doesn’t spill over to the rest of these corporations’ female employees.
NFL Players Go to Business School to Prepare for Life After Football
5/17/2016 12:00:00 AM
FinancialTimes.com | May 17, 2016
The NFL Business Academy at the University of Michigan’s Ross School of Management is a boot camp for football pros whose playing days are over. The program teaches players how to negotiate deals, read balance sheets and make business plans.
A College Recruiting Revolution Is Underway
5/6/2016 12:00:00 AM
RecruitingTrends.com | May 6, 2016
Organizations are setting aside employer-centric recruiting models and adopting candidate-focused approaches to hiring new graduates. The reasons: Demand for both undergrads and MBAs is on the rise, and impatient, tech-savvy millennials and Generation Z want the recruiting process to be quick and painless. The article notes that more than half of employers worldwide expect to grow during 2016, according to GMAC’s 2015 Year-End Poll of Employers.
New MBAs, law school grads optimistic about job prospects
5/6/2016 12:00:00 AM
ChicagoTribune.com | May 6, 2016
The job market for graduates with business and law degrees has steadily improved since it bottomed out during the recession. But finding work after intense years in graduate and professional school still has its challenges. GMAC’s 2015 Year-End Poll of Employers is cited.
Why an MBA Program’s Culture Is More Important Than Its Ranking
5/3/2016 12:00:00 AM
GlobeandMail.com | May 3, 2016
Personal fit is more important than rankings or even career interests when it comes to choosing the right business school, writes a first-year MBA student at University of British Columbia’s Sauder School. He offers five questions to assess cultural fit.
Here's How BCG, Citi, And Elite B-Schools Are Bringing Women Into The C-Suite
5/2/2016 12:00:00 AM
BusinessBecause.com | May 2, 2016
More business schools see themselves playing a crucial part in the fight to place more women in the top ranks of business. But barriers persist. The story cites GMAC data indicating that over 20 years, women with graduate business degrees earn US$400,000 less than men.
How MBA Programs Make Great Leaders—and Where They Fail
4/29/2016 12:00:00 AM
Fortune.com | April 29, 2016
MBAs outscore undergraduate business majors on classic business skills but fall short on soft skills, according to new research. According to the report, MBA graduates consistently outperformed undergrads in financial acumen, business savvy and strategic decision making. But they were outscored by undergraduate majors on interpersonal and inspirational skills, including coaching, results orientation and visionary leadership.
How Do Employers View Online, Tuition-Free MBA Programs Like University of the People’s?
4/29/2016 12:00:00 AM
Goodcall.com | April 29, 2016
Some students may be tempted by University of the People’s new MBA, which will cost graduates only $2,400. However, a career expert says, “it is important to understand that employers who are looking for applicants with an MBA distinguish between a GMAT MBA and a non-GMAT MBA…. Employers look at the school attended more than anything, so some of the lesser-known or more recently created [business] programs may not be able to compete with, say, someone that went to a top 50 MBA school.”
LinkedIn’s Newest App Helps College Grads Find Jobs
4/17/2016 12:00:00 AM
VentureBeat.com | April 17, 2016
LinkedIn Students is a new app that gives the youngest professionals a starting point for exploring the first stage of their careers. Available now to users in the US, the app highlights companies and job titles that might be suitable, based on what school students attend and their major. Students can also get started building their network, as LinkedIn Students lists any alumni that work at each recommended company.
Data Analytics Is Changing the Future of Healthcare—Here's How That’s Creating MBA Careers
4/12/2016 12:00:00 AM
BusinessBecause.com | April 12, 2016
As digital innovations surge through healthcare, business schools are catering to executives who need to develop specialist skills to keep pace with tech changes such as wearables, sensors and data analytics. The digital health boom has given rise to MBA job opportunities at big pharma companies, such as Novartis or GlaxoSmithKline; health-tech startups; and even Google and Apple, which are investing heavily in the sector.
Enrollment Up at Historically Black Business Schools
4/4/2016 12:00:00 AM
USNews.com | April 4, 2016
Since 2011, enrollment has grown nearly 37 percent at the 23 historically black business schools accredited by AACSB. But the students aren’t necessarily African American. The growth is due largely to the schools’ focus on international applicants and global business practices.
The Best Performers in the Online MBA Market
4/4/2016 12:00:00 AM
MBAChannel.com | April 5, 2016
British business schools dominated the 2016 QS Distance Online MBA Rankings. Seven of the top 10 programs—including No. 1-ranked Warwick Business School—are based in the United Kingdom. Spain’s IE Business School was No. 2. The only top 10 US school was Indiana University’s Kelley School of Business, ranked No. 4.
Go Global as an MBA Student
3/23/2016 12:00:00 AM
USNews.com | March 23, 2016
To give students experience in international markets, business schools are providing foreign tours during holiday breaks, opening satellite campuses, and partnering with foreign b-schools to provide “action-based” learning that lets students do projects for multinational corporations. Many experiences focus on providing the knowledge large companies look for as they expand into emerging markets.
A School Debuts A DIY MBA Ranking
3/16/2016 12:00:00 AM
March 10, 2016 | Poetsandquants.com
The University of Washington’s Foster School of Business has designed an MBA Rankings Calculator that lets would-be applicants decide what metrics matter to them—from average GMAT scores to starting salaries. Then users can calculate an adjusted ranking of the top 30 business schools. “What I love about this tool is that students get to see how [rankings] actually work,” says Dan Poston, Foster’s assistant dean for MBA programs. Read more about it in this particle from Poets & Quants.
7 Business Schools Exploring EdTech
3/10/2016 12:00:00 AM
March 10, 2016 | Businessbecause.com
Rethinking the way students learn today, numerous business programs have adopted high-definition live-streamed lectures, virtual reality devices and other digital innovations. Read more at Business Because about how business schools have brought tech into the classroom to make learning more interactive than ever before.
New Program to Bring African Officials to Business School
3/7/2016 11:36:48 AM
GWHachet.com | February 24, 2016
Starting in fall 2016, the George Washington University School of Business will offer a capital markets certificate program to teach African officials to advance their economies. The eight-month program is for mid-career professionals, mostly from the governments of developing African nations. Program partners are the International Finance Corporation and the Milken Institute.
Coveted Job Title for MBAs: Product Manager
3/2/2016 12:00:00 AM
March 2, 2017 | Wallstreetjournal.com
Business schools are adding courses and programs to set students on a path to product-management jobs in tech companies—roles that combine elements of marketing, design and problem-solving. Yet MBAs without technology backgrounds may struggle to parlay coursework into job offers. Learn more about this highly sought after post-MBA career at the Wall Street Journal.
How To Be A Focused Leader In The Age Of ADHD
2/22/2016 10:57:15 AM
February 16, 2016 | Forbes.com
People with attention deficit hyperactivity disorder are 300 percent more likely to own their own businesses. What’s more, the founders of big-name companies like Virgin, Jet Blue Airways and IKEA have all been diagnosed with ADHD. Handled correctly, a short attention span can be an asset in business, according to the founder of 1-800-GOT-JUNK.
Millennipreneurs Are Starting More Businesses, Targeting Higher Profits
2/20/2016 12:00:00 AM
February 20, 2016 | Fortune.com
What's a "millennipreneur" and how are they already outperforming their parents? Although they're just 20 to 35 years old, today’s millennipreneurs are starting more companies, managing bigger staffs and targeting higher profits than their baby boomer predecessors. Learn more in this article from Fortune.com.
The Skills Recruiters Want
2/9/2016 12:00:00 AM
Bloomberg.com | February 9, 2016
In interactive charts, the 2016 Bloomberg Recruiter Report highlights which skills are most valued by recruiters, and which are hardest to find among newly minted MBAs, and lists MBA programs that do the best job of turning out graduates that meet the skills gap.
The Limits of Open
1/29/2016 12:00:00 AM
Insidehighered.com | January 29, 2016
While it expands its total course offerings, massive open online course (MOOC) provider Coursera is coming under scrutiny by critics who claim that by charging for some of its courses, Coursera is straying from its mission. Read more about the issues behind the business plan in this article from Inside Higher Ed.
Robot-Proof: How Colleges Can Keep People Relevant in the Workplace
1/27/2016 12:00:00 AM
Chronicle.com | January 27, 2916
With reports that over five million jobs will be lost due to automation in the next five years, the robo-revolution of the workplace is a common, if unsettling, narrative. What can colleges do to prepare graduates for this new paradigm? The Chronicle of Higher Education believes the dawn of the robot age is an opportunity, and not a threat, if colleges can adapt.
The Future of Indian Business Education
1/26/2016 12:00:00 AM
Economist.com | January 26, 2016
India is the second most-populous country in the world, and the largest provider of business education. However, with size come challenges for the future landscape of Indian management education. This article from The Economist delves in to some of the biggest hurdles, and examines suggestions to change the industry.
Rethinking College Admissions
1/19/2016 12:00:00 AM
NYTimes.com | January 19, 2016
In recent years, concern has escalated over the admissions processes at America's most selective colleges and universities. This op-ed from The New York Times examines a new report, primarily from Harvard Graduate School of Education, that calls for a turning of the tide to correct what's wrong with the current state of admissions and better serve future students.
Deloitte CEO Says B-Schools Must Make Tech A Focus Amid Disruptive Innovation
1/18/2016 12:00:00 AM
Businessbecause.com | January 18, 2016
In this age of digital disruption, Deloitte UK CEO David Sproul highlights the need for tech-savvy managers in business. This article from Businessbecause.com also highlights business school's responsibilities to train these future leaders to understand digital impact and its implications.
Business School Dean's Predictions For Business Education In 2016
1/13/2016 12:00:00 AM
Businessbecause.com | January 13, 2016
What trends do the leaders of business education predict for 2016? Will digital learning finally supplant in-person? How will global curricula change? Is the MBA model under threat, or can it adapt via personalization? Find out what's on the horizon in this article from Business Because.
Why Some Business Schools are Deciding to "Deglobalise"
1/11/2016 12:00:00 AM
Economist.com | January 11, 2016
According to Vincent Mangematin of the Grenoble Ecole de Management in France, "globalization" as it is advertised by business schools may not mean much anymore. This article from The Economist explores this issue of packaging versus substance, and if "deglobalization" might be the right move for some schools.
Business Schools Build on Real Estate Boom
1/10/2016 12:00:00 AM
Ft.com | January 10, 2016
Ten years ago, finance was the hot industry for MBA graduates, but ripples from the 2008 meltdown have placed it out of vogue. This article from Ft.com explores how demand for jobs in real estate have transformed post-MBA careers and the industry as a whole.
Stanford Announces Boot Camp for Gay Business Leaders
1/6/2016 12:00:00 AM
Wsj.com | January 6, 2016
Stanford University's business school will offer the Stanford LGBT Executive Leadership Program in late July. The weeklong bootcamp, which is the first of its kind at the university level, is designed to get gay leaders into the C-suite. Read more at Wall Street Journal.
Let's talk business: Why Dr. Lawrence Kosinski pursued an MBA
12/14/2015 12:00:00 AM
Beckersasc.com | December 14, 2015
As healthcare and business become ever more integrated, doctors with a sound understanding of business and medicine will accelerate their careers. Find out how an adding MBA to the MD helped one gastroenterologist better understand his industry.
Why These Business School Professors Taught Negotiation Skills To Girls In Zambia
12/10/2015 12:00:00 AM
Forbes.com | December 14, 2015
A program to teach Zambian girls in the eighth grade better negotiating skills has paid significant dividends. Read more at Forbes about how professors from Harvard Business School and Wharton founded Girls Arise, an innovative negotiation skills training program designed specifically to help sub-Saharan African women communicate effectively in high-pressure situations with complex power dynamics.
Will Smart Machines Disrupt MBA Education?
12/8/2015 12:00:00 AM
Fortune.com | December 8, 2015
The Smart Machine Age is coming, and promises to disrupt the world of work and education. If researchers are correct, the future of business will need critical and innovative thinkers with high emotional IQ. How will MBA schools address the needs of a changing work environment? Read more on Fortune.
The Forté Route to Business School
12/7/2015 12:00:00 AM
PoetsandQuants.com | December 7, 2015
The Forté Foundation's MBALaunch for Women program, a 10-month, peer-supportive pre-MBA boot camp promises to address several main paint points of MBA preparation for women: GMAT preparation and financing their MBAs. Read more about this highly-popular program at Poets & Quants.
European business schools developing new strengths over US rivals
12/6/2015 12:00:00 AM
FT.com | December 6, 2015
Compared to American schools, European business schools offer unique strengths for students looking for diversity and international exposure. In addition, job placement has become more international. Learn more at Financial Times.
Stanford’s Business School Tells M.B.A.s to Wait on Startups
12/3/2015 12:00:00 AM
Wall Street Journal | December 2, 2015
While it challenges its students to come up with the next big idea for a company, Stanford University has also started pushing a new message. This Wall Street Journal article explores how Stanford's Graduate School of business is asking students to focus on finishing their degrees before launching their startups.
Job Skills Companies Want But Can’t Get | Bloomberg.com
4/23/2015 12:00:00 AM
Bloomberg.com | April 23, 2015
In four interactive charts, the Bloomberg Recruiter Report spotlights skills that surveyed employers say are in short supply among newly minted MBAs and lists MBA programs that do the best job of turning out graduates with those skills. Meanwhile, the May Bloomberg Markets magazine features a story with the eye-catching headline “This Johns Hopkins Professor Can Guarantee You a Job in Finance.”
One Way Business Schools Attract Black Students: With Black Students | Bloomberg.com
4/21/2015 4:30:00 PM
Bloomberg.com | April 21, 2015
MBA programs are fooling themselves if they think they’re doing all they can to increase the number of African American and Hispanics in business schools, experts say, and the low numbers are putting schools out of step with corporations that want to hire more minorities. GMAT test-taking trends are cited.
The Worlds Best 40 Under 40 Business School Professors | PoetsandQuants.com
4/17/2015 7:00:00 AM
PoetsandQuants.com | April 17, 2015
Says Poets & Quants of its latest list of the best young business professors: “Winning an Ig Nobel Prize is not enough to get a spot on this list. Neither is taking students to the Amazon. Or getting a class to show up wearing beer helmets. Or having your research featured on the John Oliver show. Or applying neuroscience to the negotiating process. But all of those things help.”
GMAC Purchases NMAT Exam from NMIMS
3/11/2015 3:00:00 AM
GMAC News Center | March 11, 2015
GMAC has taken an important step toward extending its presence in the Indian business school admissions market with the purchase of the NMAT admissions exam from NMIMS. Read more in the press release and FAQs.
Some B-Schools Teach Networking | Wall Street Journal
3/4/2015 7:30:00 AM
Wall Street Journal [subscription required] | March 4, 2015
Concerned that cultural differences put international students at a disadvantage when they pursue jobs and internships, business school career officers at Arizona State University and the University of California-Davis are training foreign students in the soft skills American employers expect, from email greetings to small talk at networking events.
Newly minted MBA? It's the best job market in years | BBC.com
3/2/2015 7:00:00 AM
BBC.com | March 2, 2015
Companies are ramping up their recruiting efforts earlier to target US MBA students, who have more reason to be optimistic about their employment prospects and earning potential than at any time in the past decade, business school officials say. GMAC’s 2014 Year-End Poll of Employers is cited.
Should Business School Deans Know Real Business? | Forbes.com
3/2/2015 7:00:00 AM
Forbes.com | March 2, 2015
“The golden age of business academic research is coming to an end,” writes Forbes blogger Dileep Rao. “Deans will need to have two skills that billion-dollar entrepreneurs have—ability to get revenues and ability to control cash flow. Most current deans will fail.”
Should I retake the GMAT? | FT.com
2/28/2015 7:00:00 AM
FT.com | February 28, 2015
A how-to story offers GMAT test takers the pros and cons of retaking the GMAT plus tips on creating a plan of action and increasing their scores with GMAC’s Enhanced Score Report.
The MOOC Hype Fades, in 3 Charts | Chronicle of Higher Education
2/5/2015 12:00:00 AM
Chronicle of Higher Education | February 5, 2015
Massive online open courses are not sustainable and aren’t even all that important for learning about online pedagogy, according to a majority of academic leaders who responded to the Babson Survey Research Group’s latest study. Even small colleges (those with fewer than 1,500 students) are seeing online education as strategically crucial.
MBAs Are Shunning Industries That Create Jobs | Bloomberg.com
2/2/2015 7:00:00 AM
Bloomberg.com | February 2, 2015
Business schools, a breeding ground for CEOs of the future, are graduating relatively few MBAs interested in manufacturing, health care, construction or education — fields that offer lower starting salaries than hedge funds, private equity and consulting.
Job Market Remains Favorable for Business School Graduates in 2015 | Graduate Management News
1/20/2015 7:00:00 AM
Graduate Management News | January 20, 2015
Among employers planning to hire business school graduates, nine out of 10 expect to maintain or increase the number of job openings for these hires compared with 2014, according to GMAC’s Year-End Poll for Employers. The poll also finds that 96 percent of employers worldwide say graduate business school hires create value for their companies. Also in the January edition of GM News: seven tips for boosting applications, and how to calculate the ROI of GMASS searches.
What Male Stanford B-School Students Learned When They Took a Female Entrepreneurship Class | FastCompany
1/20/2015 7:00:00 AM
Fast Company | January 20, 2015
Three men who signed up for “Entrepreneurship from the Perspective of Women” at Stanford Graduate School of Business say they found that the focus on managing expectations and emotions when starting a business taught them an important lesson.
Increasing Supply of MBA Programs in Supply Chain Management | Businessbecause.com
1/19/2015 7:30:00 AM
Businessbecause.com | January 19, 2015
As global supply chains become more important to international companies, more business schools are offering related MBA and master’s programs. The programs are mostly clustered in the United States.
Start-Up Costs for MBA Graduates Pay Off | Financial Times
1/18/2015 7:30:00 AM
Financial Times | January 18, 2015
Salary data from MBA graduates in their 20s and 30s show that those who quit a corporate career to found a start-up quickly made up any shortfall in pay and are in fact earning more on average than their salaried peers just three years after completing their business studies. The FT says its analysis suggests that an MBA education may help a wannabe entrepreneur’s chances of start-up success.
Going the Extra Mile to Grow Your Working Professional Programs | Graduate Management News
12/16/2014 7:00:00 AM
Graduate Management News | December 17, 2014
To counteract a downward trend in part-time MBA applications, program professionals need to grow their recruiting toolkits, think about their program timing and delivery options, and offer career services that fit working students’ schedules. The December issue of GMAC’s Graduate Management News also offers articles on building strategic relationships with recruiters and getting a head start on 2015 admission targets.
Big Data Drawing Big Student Enrollments | Poets and Quants
12/13/2014 7:00:00 AM
Poets and Quants | December 13, 2014
Though big data faded from business programs after the dot-com bust of the late 1990s, it’s enjoying new popularity now because hot companies like Google and Amazon focus on it and business schools need an attractive new program to boost enrollment.
Recruit Foreign Students More Selectively: Rochester Dean | Poets and Quants
12/12/2014 7:00:00 AM
Poets and Quants | December 12, 2014
University of Rochester Simon Business School Dean Andrew Ainslie ponders the unintended consequences of recruiting large number of foreign students, who are an attractive talent pool but may lack experience U.S. employers want and the ability to get work visas in the U.S.
B-Schools Embrace Last-Minute Candidates | Wall Street Journal
12/4/2014 4:00:00 PM
BWall Street Journal | December 4, 2014
Admissions teams used to think candidates who applied in the later rounds were either disorganized or undesirable, but now they regard them as a possible “offbeat catch.”
Business Schools Feed Employers' Leadership Development Tracks | BusinessBecause.com
12/1/2014 7:00:00 AM
BusinessBecause.com | December 1, 2014
As more global companies look to MBAs for their leadership development pipelines, business schools are serving as a cluster of leadership developers. The GMAC Alumni Perspectives Survey is cited regarding the importance to MBAs of soft skills on the job.
London Business School Tops the 2014 FT European Ranking | Financial Times
11/30/2014 7:00:00 AM
Financial Times | November 30, 2014
London Business School’s one-year master’s in management for pre-experience students, rather than its two-year MBA, was the key to being ranked by the Financial Times as the top business school in Europe. Meanwhile, Poets & Quants used its consolidated rankings approach to name LBS the No. 1 international business school and put Stanford Graduate School of Business at the top in the U.S.
The MBA scholarship wars | Fortune.com
11/20/2014 7:00:00 AM
Fortune.com | November 20, 2014
Even elite MBA programs are using deep discounts to fight for talented applicants. But the end of such largesse may be in sight if an uptick in domestic MBA applications cools down intense competition for students. Results from GMAC’s Applications Trends Report are cited, and GMAC’s Rich D’Amato is quoted.
Just These 5 Lessons Made the MBA Worth the Money | Entrepreneur.com
11/19/2014 7:00:00 AM
Entrepreneur.com | November 20, 2014
“Teams make better decisions than individuals” and “nearly every business activity can be distilled to a project” are among the insights a former journalist gained from the “invaluable investment” in himself when he sought an MBA.
The real reason women fall behind in their careers: their husbands, Harvard study finds | Globe and Mail
11/19/2014 7:00:00 AM
Globe and Mail | November 19, 2014
Expectations at home have prevented—and may yet prevent—many women from achieving their career aspirations, according to a study of Harvard MBA graduates.
Masters of Startup | Inc. Magazine
11/6/2014 6:30:00 AM
Inc. Magazine | November 2014
More M.B.A. graduates are forsaking corporations to launch their own companies. Why? Because entrepreneurship is cool. (But you already knew that)
The Most and Least Valuable M.B.A.s | The Atlantic Monthly
10/25/2014 7:30:00 AM
The Atlantic Monthly | October 25, 2014
It's not much of a surprise that some graduate degrees are better investments than others: an MBA is better than a master's in geography, a JD is better than a doctorate in aerospace engineering, and PhDs in history are worst of all.
Some MBAs Are Now Making $185,000 Right Out of School | Business Insider.com
10/24/2014 7:30:00 AM
Business Insider.com | October 24, 2014
The business schools at Dartmouth College and the University of Michigan have published early Class of 2014 pay and placement data that reach the highest levels since the 2007–09 recession—“a likely harbinger of good news to come from the nation's top business schools.” Meanwhile, better networking, more access to a variety of jobs and more fun are among 11 Reasons Why Getting an MBA Beats Getting a CFA.
Ending the Traditional MBA | Inside Higher Ed
10/23/2014 7:00:00 AM
Inside Higher Ed | October 23, 2014
Wake Forest University is cancelling its full-time MBA program, which has seen enrollment drop from 123 to 98 in the past five years. In the same period, its year-round evening and weekend MBA program for working professionals has grown from 242 to 304.
Business schools work to bridge the gap between academia and industry | Financial Post
10/15/2014 7:30:00 AM
Financial Post | October 15, 2014
Canadian business professors are injecting more applied business education into the classroom to make courses more relevant and meet the changing requirements of international accrediting bodies.
Women in business – Chandra Crawford, EMBA student | FT.com
10/12/2014 7:00:00 AM
FT.com | October 12, 2014
A profile of a 2006 Canadian Olympic gold medalist and current MBA candidate references GMAT-prep videos in which she says, "I prepared exactly like I would for my Olympic ski race. It really worked."
MBA Rankings Lose Lustre As Business Education Becomes Global | Business Because
10/7/2014 7:30:00 AM
Business Because | October 7, 2014
As business schools compete to lure the best students and the education market becomes more global, being able to distinguish the best MBA programs for the rest is becoming more difficult.
Peter Thiel on Creativity: Asperger’s Promotes It, Business School Crushes It | Bloomberg Businessweek
10/7/2014 7:30:00 AM
Bloomberg Businessweek | October 7, 2014
MBA programs produce thinkers who tend to buy into innovations only once they’ve peaked, Pay-Pal founder and venture capitalist Peter Thiel said while on a book tour that has stopped at several business schools.
Beware Higher Ed Doomsayers | Chronicle of a Higher Education
10/6/2014 7:30:00 AM
Chronicle of Higher Education | October 6, 2014
For more than a century, there have been predictions about the impending demise of higher education. They have all proved wrong.
Two-year MBAs still the gold standard | Toronto Globe and Mail
10/3/2014 7:00:00 AM
Toronto Globe and Mail | October 3, 2014
International students continue to account for more than half of applicants to two-year MBA and master of finance programs worldwide, notes coverage of the recently released GMAC 2014 Application Trends Survey. GMAC’s Michelle Sparkman Renz is quoted. Additional coverage out of the UK is to be found in Business Because.
The MBA of the Future Needs a Different Toolbox | Forbes.com
10/1/2014 7:30:00 AM
Forbes.com | October 1, 2014
Dean Richard Lyons of the Haas School of Business at the University of California-Berkeley recently opined that in the next five to 10 years, 50 percent of business schools could be put out of business by the online delivery of business programs. This article explores another impact that technology could have on graduate business programs, requiring substantial change to the traditional MBA curriculum.
M.B.A. Applications Still on a Hot Streak | WSJ.com At Work blog
10/1/2014 6:00:00 AM
WSJ.com At Work blog | October 1, 2014
Driven by an improved global economic climate and more MBA hiring, applicant pools grew at 61 percent of the full-time, two-year MBA programs that participated in the 2014 GMAC Application Trends Survey. That’s an increase from 50 percent in 2013 and 43 percent in 2012. GMAC’s Michelle Sparkman Renz is quoted. Poets & Quants notes that the proportion of female applicants dropped to 37 percent.
Two-year MBA Programmes See Applications Rise for Second Year | FT.com
9/29/2014 7:00:00 AM
FT.com | September 29, 2014
Nearly two-thirds of full-time, two-year MBA programs reported increasing or stable application volumes, according to GMAC’s just-released Application Trends Survey. One-year MBA and master’s in finance programs reported declines. GMAC President Sangeet Chowfla is quoted.
Forget the MBA | BBC Capital
9/26/2014 7:00:00 AM
BBC Capital | September 26, 2014
Ron Alsop reports that “…a growing number of people are hoping MOOCs will be a ticket to a new job or promotion—without the cost and time required to secure a traditional university degree.”
How U.S. Colleges Are Screwing Up Their Books, in Three Charts | Bloombergbusinessweek.com
9/24/2014 7:00:00 AM
Bloomberg businessweek.com | September 24, 2014
An updated analysis of colleges’ balance sheets indicates that more U.S. schools are financially “at risk,” according to Jeff Denneen of Bain & Co. and Tom Dretler of Sterling Capital Partners.
A Handful of Elite Business Schools Are Also Academic Powerhouses | Bloomberg Businessweek.com
9/23/2014 6:30:00 AM
Bloomberg Businessweek.com | September 23, 2014
Chicago Booth, Texas A&M’s Mays, and Duke’s Fuqua are among the business schools with three or more research “rock stars” who have written papers in the top 1 percent of citations in their fields, according to a Thomson Reuters report.
How MBA Students Fund Their Business School Qualification | South China Morning Post
9/22/2014 7:30:00 AM
South China Morning Post | September 22, 2014
Using data released by GMAC earlier this month, the SCMP writes, “…comparatively little attention has been focused on how students actually fund their studies and what steps are necessary to make ends meet while still taking the course. To shed light on the issue, GMAC has conducted a survey on what goes into the ‘financing mix’ when it comes to paying for business school, and the results are likely to raise a few eyebrows.”
NFL Players Union Helps Former Players Get a Leg Up | AssociationsNow
9/15/2014 7:30:00 AM
Associations Now | September 15th, 2014
Working with Indiana University, the NFL Players Association is offering its members access to an MBA program. The goal: to ensure that players have just as much success off the field as they do on it.
Three Simple Ways to Reinvent Business Education | BloombergBusinessweek
9/15/2014 7:00:00 AM
BloombergBusinessweek | September 15th, 2014
It used to be that an MBA from a prestigious business school guaranteed success for both the MBA holder and the organization that hired him. That’s no longer true. The business climate has changed, and that makes continuous reinvention necessary for organizations, careers, and yes, even business schools.
Top US university in Africa graduates first students | University World News
9/15/2014 5:30:00 AM
University World News | September 15th, 2014
Internationally respected Carnegie Mellon University became the first highly ranked American institution to operate a fully-fledged campus in Africa when it set up in tiny, post-conflict Rwanda in September 2011. The first batch of students graduated last month.
Future of the executive education: Unbundled MBA | CNBC/USA Today, USA
9/14/2014 7:00:00 AM
CNBC/USA Today, USA | September 14, 2014
In a quarter of a century, most business students will never enter a classroom.
Masters in Management Options Are Growing Fast | Financial Times, UK
9/14/2014 7:00:00 AM
Financial Times, UK | September 14, 2014
The fear that master’s in management programs will cannibalize MBA programs is unfounded, according to a report accompanying the Financial Times’ recently released 2014 MIM rankings. London Business School, together with IE in Spain and Northwestern’s Kellogg School and Duke in the US, have set up the International Masters in Management Association to help promote the degree.
First-Round Deadlines Are Three Weeks Away. Find Out if You're Ready | BloombergBusinessweek
9/8/2014 7:30:00 AM
BloombergBusinessweek | September 8, 2014
GMAC’s Eric Chambers provides insight and tips based on his day as admissions officer at Wharton to help applicants get ready and remember to say thank you.
Are Colleges Producing Career-Ready Graduates? | The Wall Street Journal
9/3/2014 6:00:00 AM
The Wall Street Journal | September 3rd, 2014
It's time to stop debating the value of a college education, say a pair of professors from New York University and the University of Virginia. Instead, they say in a new book, parents and employers should ask whether schools are doing much to help students become productive adults.
Is It Time To Take Your Career To Asia? | Forbes.com
7/31/2014 7:00:00 AM
Forbes.com | July 29, 2014
Asia is a growing market for MBA talent, writes columnist Matt Symods. GMAC's Corporate Recruiters Survey is cited and GMAC board member Sean Ferguson of HKUST Business School is featured in an accompanying video.
Africa is final frontier for graduate management education | BusinessDayOnline.com, Nigeria
7/29/2014 7:00:00 AM
BusinessDayOnline.com, Nigeria | July 29, 2014
In a Q&A, GMAC’s Ron Sibert discusses GMAC’s efforts to grow the pipeline of qualified graduate business school candidates in Africa.
GMAT rules | The Hindu, India
7/27/2014 5:00:00 PM
The Hindu, India | July 27, 2014
In a Q&A, GMAC’s Gaurav Srivastava discusses the demand for quality management education and the GMAT exam in India.