Graduate Management News

April 2013

The Newsletter of the Graduate Management Admission Council

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Biz Buzz: News Briefs

  • The National Association of Colleges and Employers latest report on Starting Salaries for New College Graduates shows that the undergraduate business degree-holders in the class of 2013 can expect a 7.1 percent increase in starting salary compared to the class of 2012. Three majors saw notable gains, including finance, hospitality services management, and international business. To learn about hiring and salary trends for MBA and graduate management talent for this year’s class, register for GMAC’s June 4 webinar Hire Expectations 2013.

  • AACSB Int'l members approved new accreditation standards focused on innovation, impact, and engagement during the recent gathering of more than 1,400 deans, directors, faculty, and members of the management education community for the 2013 International Conference and Annual Meeting (ICAM). GMAC, an event sponsor, hosted a booth to give attendees a chance to test-drive some of their newest resources, including ReflectTM Self-Assessment and Development Tool to enhance self-awareness of soft-skills; Integrated Reasoning to recruit the best candidates; and research tools for understanding market trends and benchmark comparisons. GMAC’s President and CEO Dave Wilson moderated a panel discussion on Emerging Markets and Business School Strategies. Panelists included deans, Edward A. Snyder, School of Management, Yale University; Richard K. Lyons, Haas School of Business, University of California, Berkeley; and, Kathleen A. Getz, School of Business, Loyola University Chicago. 

  • UNC Kenan-Flagler redesigns EMBA programs — The University of North Carolina Kenan-Flagler Business School redesigned its evening and weekend Executive MBA programs to add convenience and new features for students. Among other changes, the school is blending on-campus courses and technology-enabled modules to modify program schedules in ways that minimize students’ time away from work and travel time to campus. An increased focus on leadership and professional development as well as new electives and global immersions are also part of the changes.

  • Tepper Prepares to Debut FlexMBA — The Tepper School of Business at Carnegie Mellon University is set to launch its online FlexMBA this fall. The program includes weekly live online classes with Tepper professors and approximately five "access weekends" each year where all FlexMBA students will gather at a Carnegie Mellon campus for 48 hours of intense classwork and professional development programs. Seeking to offer online students the same services of on-campus students, Tepper will create class sections of around 20 online members to help students maximize their interaction with faculty, alumni, and student services. Online students will have access to coaches from the school’s Accelerate Leadership Center and to advisors from its career opportunity center.

  • CEIBS Post-EMBA Program Has Humanities and Arts Focus — When more than 240 alumni of CEIBS’ EMBA Program gathered in March for a post-program symposium in Shanghai, CEIBS Executive President Zhu Xiaoming addressed the group not on management but on arts and science. Other topics at the meeting included ancient Chinese literature, Chinese calligraphy, and contemporary scientific achievements. First offered in 2012, the post-EMBA program takes an intentionally broad view, with modules on culture and art, “Western and Chinese learnings,” society and the legal system, philosophy and life, history and reform—as well as economy and finance. The sessions are designed to help CEIBS graduates improve their cross-cultural communication skills and broaden their global perspective to incorporate both Chinese and Western viewpoints.

  • B-School Alliance Building MBA-Matching Tool — The Business Education Alliance (BEA), a non-profit organization founded to be a source of information about MBA programs, is building a web-based, interactive tool that will allow prospective students to find a business school that best fits their needs. The tool, BestMatch, will provide independent, verifiable data about business schools and provide a venue for schools to showcase their unique value. "BEA wants to change the way prospective students choose a business school,” says BEA’s chair, Larry Pulley, the dean of the Mason School of Business at the College of William & Mary. “We focus on the information that matters—that really gets to why a person would be a great fit for a school. Ultimately, our goal is to improve the outcome of business education."  

  • Rotman Researchers Publish Guide to Nudging — Green footsteps painted on a sidewalk leads users to trash cans. Junk food displayed on hard-to-reach shelves helps cafeteria-goers make healthier choices. A new guide from a team of researchers at the University of Toronto’s Rotman School of Management is designed to help designers improve the way they implement prompts—or nudges, as they are known. A Practitioner’s Guide to Nudging draws on research in behavior economics to show how nudging influences behavior. Available for free online, the guide provides a framework for developing and evaluating nudges.

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