A Look toward the Year Ahead for Business Schools
Happy New Year! And best of luck to all those applicants working feverishly toward the many Round 2 (and, for some schools, Round 3) deadlines that fall this week. You’re almost there!
So, what will 2011 mean for business schools? It’s an interesting question that a piece this week on website PoetsandQuants set out to tackle. Among P&Q’s predictions for the year ahead in management education? The MBA job market will heat up again, international schools will attract increasing numbers of globally minded applicants and the GRE will make gains on the GMAT as a viable graduate management entrance exam.
Stanford Graduate School of Business (GSB), Yale School of Management (SOM) and Harvard Business School will also be in the spotlight this year, P&Q predicts. Stanford GSB because it will move into new digs early this year. Calling the new Knight Management Center “one of the most ambitious B-school construction plans ever,” P&Q is betting that the $350 million project will dramatically improve the culture of the school and make Stanford an even more desirable place to pursue a business degree.
Yale SOM, meanwhile, will have a new dean beginning on July 1, 2011. Edward Snyder comes to SOM from Chicago Booth’s School of Business, where he oversaw a move to a new campus, brought in a $300 million alumni gift, tripled scholarship assistance to students and doubled the school’s endowment. And during Snyder’s tenure, Chicago Booth shot up the BusinessWeek rankings to number one. Yale SOM rarely makes it into the top ten lists among MBA rankings, P&Q notes. “Expect Snyder to make an immediate impact here,” the piece predicts.
At Harvard Business School, meanwhile, 2011 could be the year that Dean Nitin Nohria makes good on his promise to pursue “bold, brave things” that will set the course for the entire field of management education for the next 100 years. That was the promise he made when he assumed the role on July 1, 2010, P&Q reminds readers. “His standard alumni stump speech now vaguely addresses what has become known at HBS as the five Is: Innovation, Intellectual Ambition, Internationalization, Inclusion, and Integration (largely with the rest of Harvard university),” P&Q continues. “Everyone, however, is still waiting for that bold plan.”
Will P&Q’s crystal ball prove accurate? Time will tell. We’ll keep a close eye here at Clear Admit on these and other issues in the management education arena and keep you informed each step of the way.
To read the full PoetsandQuants article on what 2011 holds for business schools, click here.