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New & Noteworthy
These news items are the latest happenings.
GMAC president discusses global MBA trends
Sangeet Chowfla, president and CEO of the Graduate Management Admission Council, says the quality of MBA programs is growing in areas such as India, China, Singapore and Hong Kong as global rankings move away from emphasizing US schools. In this Q&A, Chowfla says he sees growth potential for African business schools in the coming years, calling the continent "the next India." The PIE News (UK) (8/10)
Employment outlook positive for MBA grads
MBA program graduates this year may find more employers interested in hiring them, with a study from the Graduate Management Admission Council showing that 81% of surveyed companies plan to hire MBA graduates, compared with 70% last year. The data also showed 71% of companies are seeking MBA graduates specializing in data analytics. The Globe and Mail (Toronto) (tiered subscription model) (8/3)
Faculty, alumni weigh in on Temple MBA scandal
Some faculty and alumni of Temple University's Fox School of Business are calling for further explanation and action from leadership as federal and state authorities investigate charges of deceptive marketing practices. The school's dean, Moshe Porat, was fired last month amid accusations of submitting erroneous rankings data. The Wall Street Journal (tiered subscription model) (8/3)
Which business schools have the lowest acceptance rates?
The toughest school for MBA applicants to win admission in 2017 was the Stanford Graduate School of Business, which accepted fewer than 6% of more than 8,000 who applied, according to data from U.S. News & World Report. U.S. News & World Report (8/7)
OER program helps lower textbook costs
Nearly half of US colleges and universities now use Rice University's Open Stax initiative to provide open educational resources and free textbooks to students, the university has announced. Data from the program show that 2.2 million students are using the OER resources and will save about $177 million on textbooks this year. Diverse: Issues In Higher Education (8/6)
Study: Private colleges tend to offer the most aid
Vanderbilt University and Bowdoin College are the top two colleges in offering financial aid to students, according to new rankings from The Princeton Review. Editor-in-chief Robert Franek says the list is populated mainly with private schools that have more financial resources to offer. CNBC (8/6)
Will new insurance rules affect college students?
The American College Health Association and other organizations say a new Trump administration rule allowing the sale of cheaper, shorter-term health care plans that do not meet Affordable Care Act standards may increase costs for college students. The change could especially affect graduate students, 47% of whom rely on ACA-compliant college plans, according to ACHA data. Inside Higher Ed (8/3)
Why tomorrow's leaders must be humble
MBA students must learn how to become humble, collaborative leaders, suggests London Business School professor Daniel Cable. In this commentary, he notes that businesses are increasingly abandoning top-down management models. Financial Times (subscription required) (8/8)