News, advice and resources for business school applicants


Keep up with the latest events and news on MBA programs, Part-Time and Executive Programs, and rankings.

MBA Entrepreneurial Grads Report Significant Payoffs

entrepreneurMBA entrepreneurial grads—specifically those who launched startups during or soon after business school— can expect to make as much as their peers who follow more traditional career paths not long out of school, according to survey data collected as part of the Financial Times’ 2015 business school rankings research.

Of the 7,800 MBA graduates from the world’s top 100 business schools who responded to the FT, 22 percent had launched a start-up. Within three years of graduation, the average annual income of these entrepreneurs was $134,000, compared to $132,000 across the entire sample, the FT reports.

A mere 5 percent of startup founders reported an annual salary of zero three years out, though the FT points out that survey respondents did have an option to not reveal their income level, so the data may not fully reflect the financial risk taking faced by entrepreneurial grads. That said, of the companies launched by survey participants, 84 percent did report still operating a full three years later. Continue reading…

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Georgetown’s McDonough School of Business Innovates Its Approach to Admissions

georgetownGeorgetown University’s McDonough School of Business wants applicants to the school to walk away feeling good about their experience, regardless of whether they gain acceptance or ultimately enroll. To this end, the school’s admissions team, led by Associate Dean of MBA Admissions Shari Hubert, launched an innovative initiative last spring to understand the applicant’s entire journey through the admissions process—from the moment they begin to research schools right up to their arrival on campus (for those who are admitted and enroll). Their findings have already begun to reshape the Georgetown McDonough admissions process—for the better, Hubert hopes.

Hubert joined Georgetown McDonough in December 2012, coming from a career in campus recruiting for the Peace Corps, Citigroup and General Electric. “I saw a need for us as an admissions office to be more connected to our customers—prospective applicants—to understand what they were going through and how they experience us as they apply to business school,” Hubert says. An MBA applicant herself once (she holds a degree from Harvard Business School), she remembers how daunting the experience can be. “I wanted to engender goodwill no matter what the outcome,” she says. “I wanted them to walk away saying Georgetown is a wonderful institution that lives its [Jesuit] values.” Of course, she also hoped that by creating a more positive experience for applicants, the school would increase its yield. Continue reading…

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ESADE Business School Partners with Finnish University to Offer Innovation and Entrepreneurship Programs

Aalto-ESADE  (2)Spain’s ESADE Business School has formed a new international alliance with Finland’s Aalto University, a leader in the field of innovation, to expand its offerings for entrepreneurs, ESADE announced today. Aalto University President Tuula Teeri and ESADE Director General Eugenia Bieto signed an agreement outlining the new partnership this morning at ESADECREAPOLIS, the innovation center located on ESADE’s Barcelona campus.

One of Europe’s newest universities, Aalto was created in 2010 by the merger of Helsinki School of Economics, Helsinki University of Technology and the University of Art and Design Helsinki and has received widespread attention for its innovative blend of management, technology and design. Continue reading…

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Cornell’s Johnson Graduate School of Management Enhances Focus on Family Business

john smithThe Johnson Graduate School of Management is now home to the new Smith Family Business Initiative, which was endowed earlier this year by at $10 million gift from alumnus John Smith, MBA’ 74, and his wife, Dyan Smith. In September, Daniel Garrett Van Der Vliet joined as the new initiative’s director. Van Der Vliet seems the ideal person for the job, coming to Johnson from the University of Vermont, where he spent 14 years building a highly regarded family business program from the ground up.

The Small Family Business Initiative at Johnson will combine family business-focused courses, case competitions for both MBA and undergraduate students across Cornell and executive education non-degree courses and workshops for those involved in running family enterprises. Continue reading…

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Global Network for Advanced Management to Offer Three Courses This Semester

gnamfortwtittter_normalThe Global Network for Advanced Management (GNAM), an organization of member schools from around the world devoted to facilitating interaction and collaboration in the study of graduate management education, will offer three courses this semester to students throughout its member schools, GNAM announced. This year’s Global Network courses include two new offerings, one on disruption for leaders working in humanitarian crisis, and another on international management. A third course, on the risks and opportunities in global resource systems, originally taught last year, will be offered again this coming semester.

Global Network courses take advantage of web-based technology to connect students from schools around the globe for both class sessions and team-based project work. The set-up allows students to access the expertise of faculty while also developing key cross-cultural collaboration skills as part of their work in virtual teams. Unlike MOOCs—massive open online courses—the Global Network classes are based on a SNOC—small network online course—model and are therefore only open to students from the top business schools that are members of the GNAM. Continue reading…

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London Business School Partners with AQR to Launch Asset Management Institute

lbsLondon Business School (LBS) has partnered with global investment management firm AQR to launch a new institute to advance research surrounding global asset management, the school announced today. Called the AQR Institute of Asset Management, it will fund and generate research in asset management to help individuals and organizations preserve and generate long-term wealth.

Four LBS academic members will lead the AQR Institute: Professors of Finance Francisco Gomes, Ralph Koijen, and Narayan Naik and Professor of Economics Hélène Rey. An advisory council made up of leaders in academia and the asset management industry will also contribute to the institute’s initiatives and growth. Continue reading…

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University of Chicago Booth School of Business Welcomes New Associate Director of Admissions

MeganStiphanyLast month, the University of Chicago Booth School of Business welcomed a new associate director of admissions. Megan Stiphany now leads MBA recruitment and evaluation. She also will oversee Booth’s many on-campus events, including the Campus Visit Program, Booth Live, First Day and the Summer Business Scholars Program.

Stiphany comes to Booth from the University of Notre Dame, where she served for five years as the director of student services for graduate business programs. In this role, she was responsible for Notre Dame’s full-time MBA program, as well as its Master of Science in Accountancy and Master of Science in Management. Continue reading…

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UVA’s Darden School of Business Appoints New Dean

dardenA senior partner who leads learning and leadership development for consulting firm McKinsey & Company will serve as the next dean of the University of Virginia’s Darden School of Business, the school announced last week. Scott C. Beardsley will assume the role as the business school’s ninth dean beginning August 1st and will also hold the Charles C. Abbott Professorship in Business Administration, as is tradition for the dean.

Beardsley has advised some of the world’s leading companies in his 26 years with McKinsey. From 2011 to 2014, he was an elected member of the firm’s global board of directors, and he has been based for most of his career in McKinsey’s Brussels, Belgium office. Continue reading…

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IE Business School’s Global Corporation Center Outlines Future Research Focus

ie-logoThe Global Corporation Center, launched last spring by Spain’s IE Business School and EY (formerly Ernst & Young), will focus its research on three main issues: the valuation of intangible assets, corporate diplomacy and digital transformation, IE announced last month.

IE and EY partnered to launch the new center last April, which will offer workshops, publish research reports and look at challenges, key trends and strategies for 21st century business organizations.  “Globalization is influencing countries as well as people and businesses,” said Francisco Navarro, vice dean of IE Business School, who serves as the center’s director. “The Global Corporation Center will examine the impact of this new scenario on corporate strategy.” Continue reading…

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USC Marshall School of Business Offers First-of-Its-Kind Social Entrepreneurship Degree

usc marshall editedStudents at the University of Southern California’s Marshall School of Business are now entering their second semester as part of the school’s innovative Master of Science in Social Entrepreneurship program, the first of its kind at a U.S. business school. Students in this first cohort include a professionally trained ballerina, a former Wall Street executive turned stay-at-home mom and a property management director. Their future plans are as varied as their backgrounds, but they share a commitment to address social issues, including poverty, equal access to education and affordable healthcare.

The MSSE program is based in Marshall’s Brittingham Social Enterprise Lab, led by founding director Adlai Wertman, professor of clinical entrepreneurship. Its curriculum offers students a solid business foundation focused on social enterprise and practice, including courses in feasibility analysis, impact investing, cause-related marketing, environmental sustainability and global social impact. Continue reading…

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GMAC Employers’ Poll Projects Strong 2015 Hiring for MBAs

interview9Nine out of 10 employers planning to hire business school graduates in 2015 expect to hire as many or more than they did in 2014, according to a year-end survey of employers by the Graduate Management Admissions Council (GMAC). GMAC’s 2014 Year-End Poll of Employers, released today, also revealed that more than half of all employers polled plan to increase starting salaries for MBAs in 2015, and the majority (55 percent) will offer internship opportunities to graduate management students.

“The solid job prospects for b-school talent seen over the past several years and again reflected in this poll, gives prospective students good reason to consider pursuing these degrees as part of a strategy to drive their career goals,” Rebecca Estrada Worthington, GMAC’s Survey Research Manager, told India’s Business Standard. Continue reading…

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