News, advice and resources for business school applicants

MBA News

A collection of news items from MBA programs and about the business school admissions process.


Deans of Leading Business Schools Descend on the White House

white houseThe deans of more than a dozen leading business schools took leave from their campuses yesterday to head to the White House, where they met with senior advisors preparing for the White House Summit on Working Families. The White House is seeking input from a range of stakeholders to identify best practices to develop workplaces that better meet the needs of women and working families.

“We did not think this goal could be achieved without thinking of the business leaders of tomorrow, and that is why today, we met with a group of deans from our nation’s leading business schools to discuss best practices for business schools that can better prepare their students for the increasing importance of women in the labor force and the prevalence of employees with families where all parents work,” read a post on the White House Blog. Continue reading…

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Stanford Tops Forbes Rankings of Most Satisfied MBA Graduates

stanfordWhen it comes to the satisfaction of its MBA alumni, Stanford Graduate School of Business bests all other business schools, according to Forbes most recent biennial ranking. Forbes evaluated responses from 4,600 graduates from the Class of 2008 to arrive at its top 10 list, polling them on salary and ROI, satisfaction with their education and the preparation it gave them and how happy they are in their current job.

Stanford ranked in the top five among schools across all three categories in the 2013 Forbes survey. Its grads reported higher salaries than any others, with median total compensation of $221,000 five years out of school. Stanford grads also gave the school top scores when asked about their education and how prepared they felt relative to graduates from other MBA programs. As far as job satisfaction, Stanford ranked fourth. But when Forbes averaged the satisfaction scores across all three categories for the 50 U.S. schools with the most responses to the survey, Stanford came out on top overall. Continue reading…

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Alumna, Faculty Member Jointly Donate $1 Million for New Tepper School of Business Facility

Tepper School of Business

A Carnegie Mellon University (CMU) alumna and her husband, a current member of the Tepper School of Business faculty, have given a $1 million gift to support construction of a new home for the business school as part of the newly established David A. Tepper Quadrangle, the school announced last week.

The gift is from Gunjan Kedia, MSIA ’94, and her husband, Sridhar R. Tayur, a professor of operations management at Tepper. “Our 20-plus years of association with the Tepper School and Carnegie Mellon have been rewarding, both professionally and personally,” the couple said in a joint statement. “We are excited to contribute toward and to be a part of the new Tepper Quadrangle, and we look forward to many more decades of being engaged with the university.” Continue reading…

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MIT Sloan MBAs Scope Out Leading Seattle Firms as Part of Annual Tech Trek

seattleAfter returning from a recent MIT Sloan Tech Trek to Seattle, a first-year MBA student shared highlights in a recent article on GeekWire. Jarek Langer (MBA ‘15), vice president of treks for the Technology Club at Sloan, detailed his recent trek, which included visits to Amazon, Microsoft and Groupon. Though all three companies had already given formal presentations on MIT’s campus, visits to their campuses provided valuable insights into company culture and more, Langer writes.

At Microsoft, trek participants got a tour of the campus as well as a chance to convene with MIT Sloan alumni now working there. “We’d heard about its giant campus, but it was incredible to experience the scale of it in person,” Langer writes. He noted that conversations with alumni gave him a sense of the importance of collaboration at Microsoft, as well as a high degree of ownership over work, with little micromanagement.

Next was a visit to Groupon, where trek participants got to learn about a shift in the company’s business model toward a greater focus on local and mobile. Particularly interested in the intersection between tech and retail, Langer noted that what he learned at Groupon makes him plan to keep the company in his sights.

The trek’s final company visit was to Amazon, where a panel filled with more Sloan alumni helped describe what it’s like to work there, as well as what Seattle living is all about. “One thing that stood out for me was how employees don’t use PowerPoint very much,” writes Langer. “Instead, they use thoroughly written white papers that explore issues in depth.” This observation was in keeping with a company known for its analytic depth and attention to detail, he added.

Rounding out the trek was a visit to venture capital firm Madrona Venture Group, with a panel filled by senior people from several of its startups, all interested in hiring interns. “It was clear from our discussion with these startups that analytics is playing a significantly greater role in business models,” Langer writes. “There are a lot of opportunities to apply analytics in various settings and industries, which is great news for students from MIT Sloan where big data is an area of great interest and strong expertise.”

Learn more about MIT Sloan’s recent Tech Trek to Seattle

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UNC Kenan-Flagler School of Business Teaches the Languages of Global Business

biz languageDo you know about the Working Languages program at UNC Kenan-Flagler School of Business? It’s a series of courses designed to help business students develop communication skills in foreign languages that will allow them to thrive in today’s increasingly international business environment. So far, nearly 400 students have taken part, the school reports.

Working Language courses are offered to both undergraduate business and MBA students through the Global Business Center (GBC), with partial support from a CIBER grant from the U.S. Department of Education. Currently, Spanish, Portuguese and Mandarin classes are available. Participants in the Working Language program learn through a combination of classes, online exercises and conversation hours with native speakers.  Continue reading…

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Choosy MBA Students at Top Schools Reject Job Offers, Hold Out for Dream Jobs

dream-job-2Some students at top MBA programs are rejecting employment offers and choosing to graduate without a job in hand, holding out for positions at technology firms and startups, which hire later than more traditional finance and consulting companies, according to a Wall Street Journal report yesterday.

“I’m not nervous,” Ellen Cory, a second-year student at Dartmouth’s Tuck School of Business who has turned down several job offers, told the Journal. “I’m not behind for the type of position I’m trying to get. I’ve seen classmates get a lot of great jobs. And I have confidence that I will be able to find a job that satisfies me,” she said. Continue reading…

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April Campus Visit Dates Available at Yale School of Management

Yale School of Management (SOM) welcomes prospective applicants to come visit its New Haven campus this spring as part of its Campus Visit Program, according to a recent Admissions Corner blog post by Associate Director Kristen Shockley.

“Our globe-trotting students have just returned to campus from their International Experience trips and Global Network Weeks and our campus visit program is poised to host visitors from near and far in their search for the right business school,” she writes. Continue reading…

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Columbia Business School Students to Volunteer as Part of Inaugural Day of Impact

300px-Columbia_University_01Hundreds of MBA students, faculty and staff at Columbia Business School (CBS) will fan out into the communities surrounding the school this Friday for an inaugural student-led volunteering initiative called Day of Impact. As part of the day-long event, members of the CBS community will give back to their larger community by beautifying city parks, delivering meals to home-ridden residents, preparing food for a food bank, caring for animals in need and more.

“Making an impact on society — however large or small — is a huge part of who we are at Columbia Business School,” Sheila Lalani ’14, vice president of community service for the school’s Graduate Business Association, said in a statement. “The idea behind Day of Impact is to demonstrate our community’s commitment to not only bettering the business world once we graduate, but also working to improve the community in which we live.” Continue reading…

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NYU Stern School of Business Appoints Alumnus as New Dean of MBA Students

conor grennanConor Grennan, an alumnus of New York University’s Stern School of Business, will become the school’s dean of students for the MBA program effective tomorrow, the school announced today. In his new role, Grennan will serve as a liaison between the Stern’s administration and its more than 2,500 full-time and Langone MBA students.

Before attending Stern’s full-time MBA program, Grennan founded non-governmental organization (NGO) Next Generation Nepal, which has rescued approximately 500 trafficked children in post-war Nepal and reconnected them with their families. While at Stern, he wrote Little Princes: One Man’s Promise to Bring Home the Lost Children of Nepal, a New York Times best-selling book chronicling motivations for and experiences with his NGO. Grennan earned his MBA from Stern in 2010 and served as president of the student body during his second year there. Continue reading…

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UC Berkeley Draws Record Number of Entrants to Startup Competition

launch2More than 200 teams from UC Berkeley and UCSF have entered this year’s startup competition, including 18-Haas affiliated teams, competing for $60,000 in prizes.

The contest, previously known as Bplan, sports a new name this year, LAUNCH, which is intended to reflect the continued move away from long-form business plans to the one-page business model canvas and 10-slide presentation used by today’s startups.

“We thought about what this competition is really trying to do: It’s now much more about catapulting and launching companies from ideas to viable businesses over the course of the competition,” says Moses Lo, MBA ’15, one of the co-chairs of the competition. “LAUNCH exactly describes our aim.” Continue reading…

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Long-Standing Tuck School of Business Dean to Step Down Next Year

danosPaul Danos, who has led Dartmouth’s Tuck School of Business for the past 19 years, will not seek reappointment for a sixth term and will instead step down in June 2015 when his current term ends, the school announced this week.

Danos, Tuck’s ninth dean, has served for longer than any other in the school’s history and is one of the longest-serving deans in management education. When he steps down, almost half of Tuck’s 10,000-plus living alumni will have graduated under his deanship, the school notes. Continue reading…

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