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Sustainability Takes Center Stage at Harvard Business School Commencement

Leah Ricci (left) and Allison Webster (right) stand ready to help HBS Commencement attendees dispose of materials properly

Leah Ricci (left) and Allison Webster (right) stand ready to help HBS Commencement attendees dispose of materials properly

Forget crimson. The stoles and tassels worn by Harvard Business School (HBS) graduates today may have been deep red, but the school was going for green in its commencement exercises this year. As part of the day’s events—as well as those of Class Day yesterday and Reunion tomorrow—HBS graduates, alumni and guests will take part in a coordinated composting effort unlike any in the school’s history.

For the first time ever, the back-to-back celebrations this week at HBS will feature completely compostable lunch containers and utensils, which attendees will sort into designated bins for recycling, composting and trash. And because it can sometimes be hard to determine which items go into which bins—especially for novice environmentalists—HBS Green Team volunteers will staff each of the 20 sorting stations to help people know what’s what.

Continue reading…

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Columbia Business School Admissions Director Provides Insight into 2015-16 Essays

amanda_carlsonColumbia Business School (CBS) kicked off the application cycle for the Class of 2018, sending its application live in late April, before any other leading business school. Though this year’s essay questions aren’t hugely different from last year’s, the school’s admissions director took time to share her perspective on the subtle changes with Clear Admit and offer some guidance to applicants who may be preparing to embark upon the application process.

Speaking to Clear Admit yesterday, Admissions Director Amanda Carlson turned first to the school’s first essay prompt—the “career goals/why a Columbia MBA now” question. Continue reading…

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Darden i.Lab Incubator Welcomes New Ventures

i-lab-outsideTomorrow, the i.Lab Incubator at the University of Virginia (UVA)’s Darden School of Business will kick off its 10-week summer session, welcoming 23 entrepreneurs with high hopes for their fledgling businesses. In the mix this year: a matchmaking service for vacationers and owners of high-end vacation homes, a communication network to support development work in sub-Saharan Africa and an online recruiting platform geared specifically toward MBA students at top schools.

Darden’s i.Lab Incubator, or “i.Lab” was launched in 2010 by the school’s Batten Institute for Entrepreneurship and Innovation. A fundraising challenge championed by alumnus W. L. Lyons Brown III (MBA ’87) helped finance a new state-of-the-art facility to house the i.Lab, which opened in summer 2012. The program has since expanded to include not only Darden students but also highly qualified entrepreneurs from the larger UVA and Charlottesville communities. Continue reading…

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Star Sternie Recognized for Helping Promote Inclusion and Diversity within NYU’s MBA Class 

Hurnyak with NYU Stern Dean Peter Henry at last night's Academic Awards and Service Recognition Reception

Hurnyak with NYU Stern Dean Peter Henry at last night’s Academic Awards and Service Recognition Reception

Rachel Hurnyak is proof positive that good things sometimes come in small packages. The petite, soft-spoken president of NYU Stern School of Business LGBTQ student group OutClass was honored by Dean Peter Henry at an awards ceremony last night for her leadership and contributions to the school’s community.

Thanks to the efforts of Hurnyak and other Sternies, the New York City business school this year introduced numerous initiatives emphasizing diversity and inclusion—part of the school’s commitment to promoting “EQ” (emotional quotient) as an integral value within graduate management education.

“I wanted to come to NYU Stern because to me it represented the type of school that would be the best and brightest in terms of diversity and inclusion,” Hurnyak said in an early-morning interview with Clear Admit yesterday before heading off to Yankee Stadium for NYU’s school-wide graduation ceremony. (She did not yet know about the award she would receive later that night.)

Hurnyak, who identifies as a member of the LGBTQ community, was less drawn by the school’s proximity to Wall Street and its investment banks and more by its location within the Village, where the LGBTQ civil rights movement began in the 1960s, she says. When she arrived, though, she found that there was still room for improvement in terms of making the school a more diverse and inclusive place where everyone—regardless of sexual orientation, race, class or gender—could feel safe and supported.

Rather than waiting for something to happen organically or one person leading the charge for change, several groups—including OutClass, the Association of Hispanic and Black Business Students and Stern Women in Business—worked collaboratively to champion greater diversity and inclusion school-wide, Hurnyak says. “Together, we succeeded at getting Stern to a much better place.” Continue reading…

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 Insight into Indian School of Business Class of 2016

 

isbThe Indian School of Business (ISB) earlier this week shared details about the students in its current Post Graduate Program in Management (PGP) class, revealing continued expansion overall, increased interest from students from nonprofit and NGO sectors and a slight dip in the representation of women.

There are 813 students in ISB’s PRG Class of 2016, with 560 students at its Hyderabad campus and 253 students at its Mohali campus. Of those, 236 are women. While this is the highest number of women in absolute terms so far in the school’s history, it represents 29 percent of the overall class, down slightly from 30 percent last year. Continue reading…

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Yale SOM Students, City of New Haven Launch Small Business Academy

yale small business academySmall local businesses in New Haven will now benefit from free consulting from Yale School of Management (SOM) MBA students thanks to a new partnership between the school and the city. Students from the Outreach Nonprofit Consulting (ONC) club at SOM worked together with the City of New Haven Small Business Service Center to launch the Small Business Academy earlier this month.

Recent SOM alumnus Boris Sigal ’14, who directs local procurement and business development for the New Haven Economic Development Corporation, helped spearhead the initiative. “As a recent graduate of SOM, I’m continuously looking for ways to increase collaboration between SOM students and New Haven’s vibrant small business community,” he said in an article on the Yale SOM website. Continue reading…

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Employers Bullish on Hiring Recent MBA Grads, Recruiters Survey Shows

Students graduating in recent days from MBA programs across the United States and around the globe have more to celebrate than simply turning tassels, results from a corporate recruiters’ survey released today show. Indeed, employer demand for recent business school graduates tops all previous years, according to the 2015 Corporate Recruiters Survey, conducted by the Graduate Management Admissions Council (GMAC) in partnership with EFMD and the MBA Career Services & Employer Alliance (MBA CSEA).

Source: GMAC

Source: GMAC

An astounding 92 percent of U.S. employers surveyed report plans to hire MBA grads this year, up 12 percent over last year. Globally, numbers are also robust, if not quite as strong as the U.S. figures. Some 84 percent of employers worldwide expect to add new MBAs to their workforce this year, up from 74 percent in 2014 and just 50 percent in 2009. This bests the prior all-time high of 82 percent in 2005.   Continue reading…

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Ross School of Business Dean Alison Davis-Blake to Step Down Next Year

alison davis-blakeAlison Davis-Blake, the first female dean at the University of Michigan’s Ross School of Business, will not seek another term when her current five-year term expires next year, she announced in memos to the school’s students and staff today. One of just nine female deans leading a top-tier business school in the United States, Davis-Blake said she hopes to focus on “the broader problems and opportunities facing universities.”

Appointed in July 2011 by former President Mary Sue Coleman and former Provost Phil Hanlon, Davis-Blake came to Ross from the University of Minnesota’s Carlson School of Management, where she also served as dean. “During the past decade, I have learned that I particularly enjoy working with faculty, staff and students to stabilize challenging situations and then create momentum towards extraordinary positive performance,” she wrote in an email to the Ross staff. “Together, we have created that momentum at the Ross School.” Continue reading…

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Harvard Business School Aims to Become “Go-To Place” on Gender Issues

HBSHarvard Business School (HBS) wants to help the world understand gender-related matters as never before—so today it launched a brand-new Gender Initiative designed to promote gender equity in the business world and society as a whole.

“Harvard Business School and its faculty have been leaders in defining the roles and functions of business, as well as effective business practice,” Dean Nitin Nohria said in a statement. “With the launch of this initiative, we want to have a similar and lasting impact on the way the world understands and acts upon gender-related matters.” Continue reading…

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CFA Credentials Complement the MBA, Do Not Substitute for It

cfalogo_registeredAn applied finance and economics professor at Johns Hopkins University who “guarantees” the undergrads who take his class their top choice jobs on Wall Street when they graduate advises those students to skip the MBA and obtain their chartered financial analyst (CFA) credentials instead. At Clear Admit, we’re crying foul.

Hopkins Professor James Hanke, in an interview with Business Insider, said he doesn’t think that MBA programs are worthwhile. CFA credentials, he argued, are “more rigorous” and “much better.”

Hanke has been trading currencies and commodities for more than 50 years and runs his own wealth-management firm. Still, we think his comparison—of a specialized technical certification with a broader education in all things management—is absurd. Continue reading…

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UCLA Anderson Receives Record $100 Million Gift from Namesake’s Widow

anderson entryThe UCLA Anderson School of Management yesterday announced the biggest financial gift in the school’s history. The $100 million gift comes from Marion Anderson, the widow of the management school’s namesake, billionaire businessman and UCLA alumnus John Anderson. $60 million of the gift will go toward establishing an endowment for financial aid, faculty stipends and research. The remaining $40 million will go toward covering almost half of the cost for a new building projected to be built next to the current complex.

In addition to being the largest gift for the business school to date, it is also among the largest donations in UCLA history. The donation will help with UCLA’s campaign to raise $4.2 billion by 2019. Mrs. Anderson donated the money to help maintain the school, which has become mainly self-supporting and no longer receives state funds for master’s degree programs.

Read the full story on MetroMBA.com.

 

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