Posted by Clear Admit on April 16, 2012, at 2:00 pm
Posted in:  MBA News , School: MIT / Sloan What influences people’s decisions to spend money? Researchers at MIT Sloan’s Neuroeconomics Laboratory are taking a closer look at brain activity to help uncover the answers, the school reported this week.
Using an expensive technology called functional magnetic resonance imaging (fMRI), scientists at the Athinoula A. Martinos Imaging Center are scanning people’s brains as they make real decisions involving money, hoping to test traditional assumptions about consumer spending. Drazen Prelec, a professor of management at MIT Sloan and in the MIT Economics and Brain and Cognitive Sciences Departments, is leading the research. » Continue reading
Posted by Clear Admit on March 21, 2012, at 2:00 pm
Posted in: MBA News , Rankings , School: Berkeley / Haas , School: Chicago , School: Columbia , School: Georgetown , School: Harvard , School: MIT / Sloan , School: Northwestern / Kellogg , School: NYU Stern , School: Penn / Wharton , School: Stanford , School: Yale Our post yesterday about the rosy employment outlook for current MBA grads was drawn in great part from data collected by U.S. News & World Report for its annual ranking of best business schools, released last week. In case you missed it, Harvard Business School and Stanford Graduate School of Business once again tied for first, marking the fourth time in five years those two schools have shared the top spot. Last year, Stanford edged ahead enough to bump HBS down to number two, but no such luck this year.
In a now crowded field, U.S. News has been in the business school rankings business since before most everyone else. Its rankings are based on a weighted average of several indicators, including overall program quality, peer assessments, recruiter assessments, placement success, mean starting salary and bonus, average GMAT score and GPA and more. » Continue reading
Posted by Clear Admit on March 21, 2012, at 1:00 am
Posted in: Interview Tips , Interview: MIT / Sloan , School: MIT / Sloan Take a peek at the latest addition to the Clear Admit Wiki, a free online resource for MBA applicants to share their experiences with the admissions process! This Round 2 candidate for MIT / Sloan shared the following interview experience with an adcom member:
“I got my invitation to interview on March 2nd, and had 2 weeks to schedule the interview. I scheduled it for the week after because of work obligations. They offered lunch with a current student on interview days, but then there were no interview time slots around lunchtime, so i chose a morning slot to minimize the amount of time out of the office (I’m local). ALSO — YOU HAVE TO BRING TRANSCRIPT COPIES. nowhere on their website did they mention that, at all, before you get invited to interview (and I looked, because I was ordering them for another school weeks earlier) and I wasn’t sure from this site since there weren’t 2012 reviews up yet. so that was something that was a bit short-notice, so might as well plan in advance.
I interviewed with a member of the adcom – we started early because I got there early. interview was maybe 40 minutes.
Contrary to what a lot of other people mentioned, my interviewer didn’t ask me anything about my essays or the rest of my application. He said MIT likes data so he wanted more, new examples of things, and I guess the readers didn’t have any questions.
- Why business school instead of staying in consulting, and what really made [you] want to switch?
- Transitioned to talking more specifically about a recent case I was on that I had used as an example of the type of industry I wanted to move into, and what was it like working with that company, and what did they do well vs. not well?
- Talk about a time when [you were] managing someone and they didn’t meet [your] expectations. » Continue reading
Posted by Clear Admit on March 20, 2012, at 2:00 pm
Posted in: MBA News , School: Emory / Goizueta , School: MIT / Sloan Employment statistics for recent graduates of MBA programs are better than they’ve been in two years, according to a recent report from U.S. News. Of the business schools that provided job placement data for their 2011 full-time MBA graduates, 78.8 percent of graduates were hired within three months of graduation, up from 75.5 percent of 2010 grads and 70.8 percent of 2009 grads, the magazine reports.
“Companies will always need a pipeline of talented MBA graduates,” Wendy Tsung, associate dean and executive director of MBA career services at Emory University’s Goizueta Business School, told U.S. News. Goizueta reports that 94 percent of its 2011 grads found work within three months of graduation. » Continue reading
Posted by Clear Admit on March 15, 2012, at 2:00 pm
Posted in: MBA News , School: MIT / Sloan Graduates from the MIT Sloan School of Management snagged jobs in a range of industries at top salary levels last year even amid the challenging economy, according to an employment report the school released earlier this month.
The majority of those jobs – 77 percent – resulted from school-facilitated activities, including recruiting events scheduled on campus or summer internships, the school reports. Student-facilitated activities such as personal networks or direct contact led to another 21 percent, and 8 percent of graduates started their own businesses, which the school touted as a testament to the strong culture of entrepreneurship. » Continue reading
Posted by Clear Admit on March 6, 2012, at 3:00 am
Posted in: School Guides , School: MIT / Sloan , Trivia Tuesday Hello, and welcome to another edition of Clear Admit’s weekly Trivia Tuesday column, in which we take an in-depth look at program elements that differentiate the leading MBA programs from their peers. This week, we’re taking a peek into the Clear Admit School Guide to MIT Sloan to share with you an excerpt about the school’s distinctive condensed core curriculum, which gives students the chance to take three full semesters of electives.
“Like other MBA programs, MIT Sloan requires students to complete a series of core courses designed to provide an overview of important business disciplines. Sloan’s core offers a broad foundation on which students can build throughout their next three semesters of elective courses, providing an introduction to accounting, business statistics, economics, managerial communication and organizational processes, with an additional course in either finance or strategic marketing.
“Sloan’s core is the shortest of any of its peers, requiring just one semester of courses. The remaining three semesters are devoted wholly to electives, a fact particularly appreciated by students who already have a strong background in their target industries. However, with eight required courses in just three months, students’ first semester at Sloan is extremely busy. » Continue reading
Three groups of professors from INSEAD and Harvard Business School (HBS) took top prizes at an annual European case study awards ceremony last week for cases involving black toilet paper, soap and breakfast cereal, the Financial Times reports. The FT report described the ECCH (formerly the European Case Clearing House) as the “Oscars” of the business world.
Researchers from INSEAD won the overall prize at the awards ceremony for a case study of privately-held Portuguese paper-products company Renova, which set itself apart from international competitors through development of “Renova Black,” the world’s first black toilet paper. “Renova’s success in bringing innovation and creativity to a commoditized category can serve as inspiration for all managers battling difficult conditions and a reason to remain optimistic about the future of southern European businesses, ” Pierre Chandon, an INSEAD marketing professor and one of the authors of the case, told the FT. » Continue reading
Top MBA programs including those at Harvard Business School (HBS) and the MIT Sloan School of Management are turning to the likes of Lady Gaga and Shakespeare to provide examples of successful leadership and strategy, according to a recent article in the Toronto Star. In the wake of the financial crisis and the resulting loss of faith in leadership, they’ve had little choice but to look outside the traditional business world in order to continue teaching by example, the Canadian paper suggests.
» Continue reading
Posted by Clear Admit on February 15, 2012, at 1:00 am
Posted in: Interview Tips , Interview: MIT / Sloan , School: MIT / Sloan Welcome to another interview report posted recently to the Clear Admit Wiki, a free resource for MBA admissions applicants to share their experiences from the admissions process. This Round 1 candidate for MIT / Sloan had the following interview with an adcom member:
“I applied in the first round to Sloan and had my interview on-campus by a member of the admissions committee on Jan 18th, 2012 and I’ve received my admittance into MIT on February 6th, 2012.
I arrived at the office 15 minutes prior to my interview. On that particular day, there were only two interviews, including mine, at my specific time slot. We exchanged conversation about the weather of Boston, what we each do for a living; stories of how we got to Boston (both of us came from outside of USA for the interview). Our conversation made the waiting much easier. Then it was time for my interview. The interviewer had really read my application thoroughly. She had her questions written out on a piece of paper. » Continue reading
Posted by Clear Admit on February 9, 2012, at 1:00 am
Posted in: Interview Tips , Interview: MIT / Sloan , School: MIT / Sloan Check out the latest addition to the Clear Admit Wiki, a free online resource for MBA applicants to share their experiences with the admissions process! This Round 1 candidate for MIT / Sloan shared the following interview experience:
“I received my invite on the first day they went out and had barely a weekend to prepare before driving to Boston. My interviewer was friendly and started with an ice breaker about my unusual name (which she pronounced perfectly), and what it meant. Then I handed over my transcripts and it was show time.
- What was doing at work these days? Followed up with specific questions about the nature of the project and my role.
- Tell me about constructive feedback you’ve received. Asked for several specific examples. » Continue reading
Posted by Clear Admit on February 8, 2012, at 3:15 pm
Posted in: Interview Guides , Interview: MIT / Sloan , School: MIT / Sloan , Wiki Wednesdays Welcome once again to Wiki Wednesdays, our weekly overview of the latest MBA interview reports that have been added to the Clear Admit Wiki! We’ve received quite a few new reports this past week, including ones of interviews at Yale SOM, Northwestern / Kellogg, and Chicago / Booth. Also, a Round 1 applicant to MIT / Sloan sent in this account of an interview with a member of the admissions committee:
“I arrived to the admissions office 30 min early and made conversation with the front desk admin staff and another applicant waiting to interview – this helped me loosen up and I believe was a positive first impression that two interviewers saw two candidates exchanging business cards and wishing each other luck. Interviewer started off explaining the style of the behavioral interview and noted there would be time at the end for me to ask questions. True to MIT Sloan interview guidance – the interview was strictly behavioral and all questions were either “give me an example of…” or asking for further detail from a previous response. At no point did the interviewer ask “Why MIT,” “Why Sloan,” or “Why now.”
Tone of interviewer was courteous but not overly-friendly. The entire conversation felt extremely professional until the end of the interview when we made a personal connection. It was impossible for me to read the responses of the interviewer – she took copious notes while I spoke and had my resume in front of her on an iPad. » Continue reading
Posted by Clear Admit on January 30, 2012, at 2:00 pm
Posted in: MBA News , Rankings , School: Columbia , School: Harvard , School: IE , School: IESE , School: INSEAD , School: London Business School , School: MIT / Sloan , School: Penn / Wharton , School: Stanford Stanford Graduate School of Business (GSB) this year tops the Financial Times global ranking of MBA programs, becoming only the fourth institution to do so. Stanford, which for the past 13 years has placed in the top 10, bested previous winners Harvard Business School (HBS), the Wharton School at the University of Pennsylvania and London Business School to take the top spot for the first time.
HBS came in at number two, followed by Wharton at number three. London Business School, meanwhile, fell from joint first to fourth, mirroring a general trend in which U.S. schools fared marginally better than their European counterparts. Falling salaries among alumni from European schools – an impact of the recent economic turmoil in Europe – account in part for this trend, the FT reports. » Continue reading
Posted by Clear Admit on October 11, 2011, at 3:00 am
Posted in: School Guides , School: MIT / Sloan , Trivia Tuesday In this week’s installment of Trivia Tuesday, we turn our focus to the Clear Admit School Guide to MIT Sloan, examining how the school creates first-year teams and how these teams impact students’ experiences.
“Each first-year class of approximately 400 MBA students is divided into six smaller cohorts, or “oceans” (Atlantic, Baltic, Caribbean, Indian, Mediterranean and Pacific), which help to give shape to the core curriculum experience. Oceans are comprised of approximately 65 students each, and the students in each ocean take all seven of their core courses together. As a result of this shared academic experience, students within each ocean tend to spend time together outside of the classroom as well, often forming close-knit social groups.
“Within the oceans, Sloan assigns all first-years to small core teams of 6 or 7 students, each of which is named after a type of bird. These groups work together throughout the core semester to complete homework assignments, prepare projects and study for exams. Students report that teammates are usually drawn from across the professional spectrum and around the world, mirroring the diversity of teams in the global workforce.
“Sloan says that the process of separating students into cohorts and teams is both an art and a science. An automated process conducts the first division, “mixing and sorting” students into cohorts and teams. The MBA Student Affairs Office then personalizes the process by refining groups with an eye to diversity of race, gender, nationality, professional background and other characteristics.”
To read more about other exchange opportunities, be sure to check out the Clear Admit School Guide to MIT Sloan. All Clear Admit School Guides are available for immediate purchase and download on the Clear Admit shop.
You could win a Clear Admit Guide! Based on today’s post, we’ll be running a trivia contest on Twitter. Be sure to follow us and play for your chance to win!
Posted by Clear Admit on October 5, 2011, at 1:00 pm
Posted in: MBA News , School: MIT / Sloan A management professor at the MIT Sloan School of Management has created a new web-based flight simulation to instruct MBAs about the challenges of sustainably managing the fishing industry. And through the MIT Sloan Teaching Innovation Resources (MSTIR) website, teachers and students everywhere can try it out for free.
Called “Fishbanks,” the new flight simulator lets individuals or teams confront firsthand what it’s like to be a leader in the fishing industry, having to balance the need to compete against the need to limit your total catch in order to sustain the fishery for future generations. Designed by Sloan professor John Sterman, the game can be played in a single session or over the course of a semester. It was adapted and updated from a board game originally created by former MIT Sloan professor and alumnus Dennis Meadows. » Continue reading
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