MBA News
A collection of news items from MBA programs and about the business school admissions process.
University of Chicago Booth School of Business Throws Annual PINK Party
Students at the University of Chicago Booth School of Business were seeing pink last week thanks to the annual school-wide PINK party, an initiative designed to raise awareness about the LGBTQ community at Booth. Sponsored by OUTreach, a Booth student organization for gay and lesbian members of the community and their allies, the PINK party took place this year at SPIN nightclub in downtown Chicago on Saturday, May 18th.
Booth students were encouraged to dress in pink and come out to support the LGBTQ community as part of what was billed as “the absolutely biggest Booth party of the year.” Wearing pink got you a free drink at the party; dressing in drag as part of the Drag Contest 2013 got you free admission and unlimited free drinks all night. Continue reading…
USC Marshall School of Business Looks to Raise $400 Million for Scholarships, Capital Projects, Programming
The Marshall School of Business at the University of Southern California (USC) last week launched a campaign to raise $400 million, funds that will support student scholarships, faculty research and teaching, capital projects and more, the school announced.
Marshall kicked off the initiative with a gala event on May 8th, drawing 300 donors, faculty, students and others to Warner Bros. Studio. Marshall’s mission is grand, USC Marshall Dean James Ellis told the assembled guests. “We are altering the business landscape across Southern California and beyond,” he said. Continue reading…
Round 3 Applicants to Harvard Business School Receive Word Today
Harvard Business School (HBS) Round 3 decisions were scheduled to be released at noon Boston time today, according to Dee Leopold, director of admissions and financial aid. In a post to her Director’s Blog yesterday, Leopold shared that “a handful of candidates” would be invited to join the waitlist at that time.
For those who were admitted today (congrats!!!), the clock is now ticking for you to accept a spot in the class. The deadline to accept is May 30th. The quick turnaround time, Leopold noted, means that her team will be able to address the waitlist in early June. Continue reading…
NYU Stern School of Business Dean Bowls, Publishes
In the midst of leading one of the top MBA programs in the world, Dean Peter Blair Henry of New York University (NYU) Stern School of Business somehow also finds time both to publish and to unwind with students.
A recent tweet from the school (#Stern2013) leads to photos of Henry just after he’s released a bowling ball down the lane. While scores aren’t revealed, he has the look of a cranker with a smooth delivery. Let’s just say, he didn’t throw a powder puff. Besides offering up an opportunity to show off their bowling lingo, MBA Bowling Night 2013 also gave Stern students a chance to unwind and celebrate the final weeks before graduation with both Dean Henry and Stern President John Sexton. Check out the slideshow for yourself. Continue reading…
Top Business Schools Report Healthy Application Volume Increases
When GMAT test-taking volume jumped by 11 percent for the year ending last June, those watching the MBA admissions space had reason to suspect that application volume at top schools might follow suit. Recent articles from Bloomberg BusinessWeek and Poets & Quants reveal exactly that, with Cornell University’s Johnson Graduate School of Management, the University of Virginia’s Darden School and the University of Chicago’s Booth School all reporting double-digit increases in the number of students applying to their two-year, full-time MBA programs.
Bloomberg BW last week surveyed its top-10 ranked business schools, discovering that half were reporting significant increases in application volume, ending a three-year decline. Johnson led the pack, with an increase of 12 percent, followed by Darden, at 11 percent, and Chicago Booth, at 10 percent.
P&Q reports that Indiana University’s Kelley School of Business blew even those numbers out of the water: Applications to that school’s two-year MBA program swelled by 25 percent after it moved up the Bloomberg BW rankings four places, to 15th, last year. Continue reading…
University of Chicago Booth School of Business Shares Waitlist Admissions Updates
Round three interviews wrapped up last week at the University of Chicago Booth School of Business, which means the Admissions Committee is now busy making final decisions about recent interviewees, as well as about candidates who remain on the waitlist from earlier rounds. May 23rd is decision day.
“For all candidates, we know that the waiting period is difficult, and for those on the waitlist, there may also be some questions about what happens between now and the decision deadline,” wrote Associate Director of Admissions Carrie Lydon in a recent post on the Booth Insider Blog. She and her team will be reviewing waitlisted candidates’ applications, as well as any additional materials they may have submitted since originally applying. Candidates are also still welcome to submit additional updates through the Booth admissions application system. “However, since we are in the final review process, we unfortunately cannot guarantee that they will be received in time to be included,” Lydon cautioned. Continue reading…
Northwestern’s Kellogg School of Management Sees Application Volume Rebound
After a 7 percent drop in applications to its two-year, full-time MBA program last year, Northwestern’s Kellogg School of Management saw double-digit application volume increases this year to all of its MBA programs, according to a recent article in Poets&Quants. Interest in the school’s one-year MBA program for undergraduate business majors was especially great, with 30 percent more applicants this year over last, Kellogg Dean Sally Blount told P&Q.
Blount bragged about the school’s waitlist, calling it “awfully beautiful” and noting that it is filled with candidates with GMAT scores of 720 and higher. She credited the school’s new senior leadership team – as well as its strategy to build enrollment in its one-year program while shrinking its traditional two-year program – for the application volume growth. Kellogg last year increased the size of its one-year program by 15 percent, to 100 students. Continue reading…
Interest in Social Entrepreneurship Rises Among MBAs, Creating Some Challenges for Business Schools
As interest in social entrepreneurship has swelled among MBA students in recent years, top business schools have responded by developing new programs, centers and scholarships for students pursuing a field that was relatively unheard of a few decades ago. But as the Financial Times reported in a recent article, the trend toward social entrepreneurship, as well as shifts in the structure of organizations social entrepreneurs seek to join upon graduation, presents a new set of challenges for top MBA programs.
“In the 1980s there was almost no talk at all in business schools about anything that we might now call social entrepreneurship,” Peter Tufano, dean of Saïd Business School at the University of Oxford, told the FT. “I think we’ve seen an explosive growth in demand for social entrepreneurship in the last 10 years,” he added. Continue reading…
Cornell University’s Johnson School of Management Wins Top Accolades for Diversity
The Samuel Curtis Johnson Graduate School of Management got an A+ for diversity in recruitment practices as part of a recent benchmark study conducted by Diversity MBA Prep, an online community offering resources to women and minorities considering an MBA. Of 50 top MBA programs included in the study, only Johnson received the top grade.
As part of the MBA Advantage: Diversity Outreach Benchmarking Report, schools were evaluated based on the diversity of perspectives provided to candidates via their Web and social media presence, the range of activities and outreach directed toward candidates of diverse backgrounds, diversity at the school leadership level and the effectiveness of diversity recruitment initiatives. Continue reading…
Harvard University Receives $50 Million to Increase Collaboration between Life Sciences and Harvard Business School
A family foundation headed by a Harvard Business School alumnus has donated $50 million to launch an initiative designed to speed the development of early-stage scientific discoveries into patient therapies and cures for diseases, Harvard announced earlier this week. The gift also will fund a new fellowship in life sciences entrepreneurship.
The Blavatnik Family Foundation, headed by Len Blavatnik (HBS MBA ’89), provided the generous gift, which will establish the Blavatnik Biomedical Accelerator and the Blavatnik Fellowship in Life Science Entrepreneurship Program at HBS. Continue reading…
Landmark $100 Million Gift to Columbia Business School Will Create Second New Building on Manhattanville Campus
Columbia Business School (CBS) announced big news today: The Ronald O. Perelman Center for Business Innovation will rise on the school’s Manhattanville campus, opposite the Henry R. Kravitz Building. Perelman, a longtime member of the CBS Board of Overseers and chairman and CEO of MacAndrews & Forbes Holdings Inc., has pledged $100 million to create the new facility, which will be named in his honor. Perelman’s gift matches the largest gift in the school’s history, which CBS alumnus Henry Kravitz, the namesake of the Manhattanville campus’s other building, made in 2010.
“The Perelman Center will allow Columbia Business School to continue pioneering breakthroughs in management education, such as moving beyond functional expertise or siloed learning and ensuring a more integrated curriculum for our students,” CBS Dean Glenn Hubbard said in a statement. “It will help us create the classrooms of tomorrow and foster an even greater collaborative spirit among recruiters, students, alumni and faculty members, paving the way for a stronger network and more meaningful outcomes for our community,” he continued. Continue reading…
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