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.


Wharton Social Impact Initiative to Pay Down Student Loans for MBAs Who Pursue Nonprofit, Public Sector Careers

loan forgivenessFor MBAs who pursue careers in the nonprofit and public sectors, paying back staggering student loans they took out to finance their degree can be incredibly challenging. At the University of Pennsylvania’s Wharton School, a social impact‒focused fund managed by the Wharton Social Impact Initiative comes to the rescue.

The John M. Bendheim Loan Forgiveness Fund for Public Service was created in 2005 by a 1940 graduate of the school, John Bendheim, and his son Tom, WG/Lauder ’90. The fund will grant up to $20,000 per year to pay down selected candidates’ student loans. Continue reading…

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IESE Launches Corporate Finance MOOC

ieseIESE, like many other leading business schools, is embracing technology to offer Massive Open Online Courses (MOOCs) and has just launched its latest, called Corporate Finance Essentials. Designed for executives anywhere in the world who want to understand key financial issues related to companies, investors and their interaction with capital markets, the new course will be taught by IESE Javier Estrada.

Over the course of a series of six lectures lasting between 45 and 60 minutes each, Estrada will help participants increase their financial literacy and gain a better understanding of what is written in the financial press. Recommended readings will complement the lectures. Continue reading…

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Georgetown’s McDonough School of Business Hosts 17 Ventures in Summer Startup Incubator

georgetown mcdonough editedGeorgetown 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…

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Tuck School of Business Alumni Set Record with Annual Gift

300px-Dartmouth_College_campus_2007-06-23_Tuck_School_of_BusinessDartmouth’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…

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Yale School of Management Implements Sliding Scale Application Fee Structure

yalesomYale 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.

Learn more about Yale SOM’s new sliding scale application fee structure.

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Yale School of Management to Host First Global Network Week for Faculty

yale2Yale 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…

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Coding Finds Its Way Into Top Business School Curriculums

codingHarvard 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…

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MBA Students from Leading Global Business Schools to Help Child Cancer Charity

wcc_logo_circleA 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…

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New Johnson Graduate School of Management Application Permits LinkedIn Submissions

Cornell_University,_Ho_Plaza_and_Sage_Hall editedApplicants to Cornell University’s Samuel Curtis Johnson Graduate School of Management can now incorporate their LinkedIn profiles as part of the school’s redesigned application.

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…

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Alumni Gift to Fund Construction of New Conference Center at Harvard Business School

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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The MBA Tour Summer 2014 Events

The MBA TourIf you’re considering pursuing an MBA, attending an MBA fair is a great place to start. The MBA Tour is hosting nine events across the U.S. this July, starting in Chicago on July 16.

What are the benefits of attending an MBA Tour conference? Hear from students who have attended here!

COLLECT INFORMATION AND EASILY COMPARE PROGRAMS

MBA Panel Presentations cover valuable business school admissions topics and answer a wide range of MBA applicant questions. The panels are hosted by professionals with expertise spanning several topics, including: Preparing Your MBA Application, Financing Your MBA, and GMAT Strategy. 

School Presentations highlight unique program features in a 30-minute session given by admission representatives. These presentations are ideal for candidates to learn detailed information, compare different programs, and prepare for speaking with representatives during the MeetUp Sessions or MBA Fair.

Continue reading…

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