A collection of news items from MBA programs and about the business school admissions process.
Georgetown University’s McDonough School of Business this summer is hosting 17 entrepreneurial ventures as part of its startup incubator program, the school reports.
Called the “Startup Hoyas Summer Launch Program,” the incubator was designed specifically for current Georgetown students and recent graduates who want to launch a new venture. Participating students enjoy a range of benefits, including dedicated support from Georgetown faculty, mentors and experienced entrepreneurs. Continue reading…
Dartmouth’s Tuck School of Business has long been known for the generosity of its alumni, and this year total funds raised broke all previous records, the school reports. Tuck Annual Giving (TAG) raised $6.35 million in the last fiscal year and drew the participation of 70.9 percent of alumni, more than ever before at Tuck or any other business school for that matter.
This year marks the fourth in a row that more than 70 percent of Tuck graduates have contributed to the TAG campaign, which is more than double the average giving rate of other business schools, the school notes. Continue reading…
Yale School of Management (SOM) yesterday announced that its 2014-2015 MBA application is now live. While the application itself features no major changes from last year’s, the school is implementing a new sliding scale application fee structure designed to increase access for applicants from lower-wage regions and industries or who are still in school or at the beginning of their careers.
Most applicants will pay the standard $225 application fee, but applicants whose total compensation is less than $20,000 a year will pay $175, and those with a total compensation of less than $10,000 will pay $125. Compensation information reported by the applicant in the application will be used to determine the fee, and Yale SOM will verify the reported figures of all applicants who are admitted and enroll.
“This change really flows from our mission of educating leaders for business and society,” wrote Yale SOM Director of Admissions Bruce Delmonico in a letter to the members of the Association of International Graduate Admissions Consultants. “Our goal is to provide access to MBA aspirants who have the potential to have impact across all sectors and geographies, and who bring a diverse array of perspectives into our classrooms and community.”
Delmonico added that the sliding scale application fee is but one of several ways the school is seeking to increase the accessibility of the MBA for candidates from diverse backgrounds and from outside the United States. He noted the addition last year of video questions to the application – to complement traditional essays – as well as the elimination of the English language test requirement for non-native English speakers as other examples of ways in which the school is seeking to lower the barriers for applicants from other countries.
Yale School of Management (SOM) next week will welcome faculty members from the 27 business schools that are members of the Global Network for Advanced Management as part of a four-day program designed to foster collaboration around issues of sustainability.
The program, organized by the Yale Center for Business and the Environment, will begin on July 21st. The faculty event is an outgrowth of the network’s successful Global Network Weeks, which drew together students from the various member schools for weeklong courses with colleagues from peer schools. Continue reading…
Harvard Business School (HBS) plans to offer a computer programming elective within the next couple of years, and other top business schools may be moving in the same direction as more companies seek MBAs with strong technical skills, according to a recent report in Bloomberg BusinessWeek.
Paul Gompers, who chairs the MBA elective curriculum at HBS, notes that MBA students there have formed coding clubs or head across to Harvard’s Cambridge campus to take introductory computer science, but that a course specifically tailored to business students is needed at the school.
“This is the changing nature of the workforce, and this is what our graduates are going on to be doing in the next five to 10 to 20 years,” Gompers told Bloomberg BW. Continue reading…
A United Kingdom charity focused on helping children with cancer in developing countries will receive an infusion of expertise and energy this summer as more than 40 students from top business schools in Asia, Africa, Europe and the Americas develop plans to tackle business problems faced by the organization.
The students, working in teams as part of the Financial Times MBA Challenge, will assist the FT’s seasonal appeal partner, which this year is World Child Cancer (WCC). Seven teams of students – who hail from schools including Duke University’s Fuqua School of Business, Oxford Saïd Business School, the University of Chicago Booth School of Business, UC Berkeley’s Haas School of Business, London Business School, ESADE and IE Business School, among others – will each be partnered with a mentor and required to submit a business plan in September on a set topic. Continue reading…
Johnson is using LinkedIn’s open platform to allow MBA applicants to pre-fill employment history, educational background and other parts of their application with information from their LinkedIn profiles. Candidates who submit information in this way are asked to grant the school access to their full LinkedIn profiles as part of the application process. Continue reading…
Harvard Business School (HBS) last month announced plans to build a new center on its Boston campus that will serve as a place for students, faculty, alumni and business leaders to convene and share ideas. Called Klarman Hall in recognition of a generous alumni gift, the new building will feature a large conference center, a performance space and a community gathering space and is expected to open in 2018.
A gift from Seth Klarman (MBA 1982) and his wife Beth will make the construction of the new facility possible. Klarman is president and CEO of Boston-based investment management firm the Baupost Group, his wife is president of the Klarman Family Foundation and both serve as members of HBS’s Board of Dean’s Advisors. Continue reading…
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Anderson’s dean last week signed a three-year deal with the university provost through which the school’s full-time MBA program will turn down state subsidies in exchange for greater control over faculty recruitment and salary levels and the ability to determine its own tuition, among other things.
Anderson hopes to make up for the loss in state funding through donations and likely higher tuitions, reports Inside Higher Ed. In recent years, only about 18 percent of the business school’s funding came from the state. As part of the deal, the Anderson School must pay UCLA on a prorated basis for overhead, including maintenance, according to Inside Higher Ed.
Anderson will continue to receive 4 percent of its total funding from the state – though none of it for the MBA program, the university reports. Two of the school’s degree programs will still be state-subsidized: a PhD program and an undergraduate minor in accounting. The rest of its graduate programs, including the part-time MBA programs, were already self-supporting, Inside Higher Ed reports.
Then-UC system president Mark Yudof approved the shift from state- to self-supporting last summer, but final agreement wasn’t reached until last week. Anderson Dean Judy Olian signed the three-year contract on June 25th, which included a provision ensuring that financial aid would not be impacted by the change.
“The full-time MBA program will continue to ensure that financial aid is offered at levels at least commensurate with current levels, and with levels at other UC fulltime State-supported MBA programs,” Olian told Inside Higher Ed.
No official word was provided from the business school on whether tuition will increase. The current charges are $48,723 for residents and $55,010 for non-residents.
The Fall 2015 MBA application for Georgetown University’s McDonough School of Business will feature only one required essay, Clear Admit learned today as part of an interview for our Admissions Director Q&A Series.
Though the new application has not yet gone live – it will be available to applicants early next month – McDonough Associate Dean of MBA Admissions Shari Hubert shared that her team has decided to reduce the number of required essays to just one. The question will be as follows: Continue reading…