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CATEGORY - SCHOOL: HARVARD

Thursday, February 04, 2010

Aspen Center for Business Education Launches the Oath Project

Together with three other partner organizations, the Aspen Center for Business Education (CBE) has launched the Oath Project, an initiative to support the individuals and organizations that have been working to promote the concept of a business professional oath similar to the Hippocratic oath that doctors take swearing to practice medicine ethically.

Aspen CBE is a division of the Aspen Institute, a nonprofit organization dedicated to fostering value-based leadership. Its partners in the Oath Project are the Association for Professional Business Managers, MBA Oath and the World Economic Forum for Young Global Leaders. Together, these four organizations have launched a website, TheOathProject.org, to communicate the initiative’s objectives and milestones.

The release from Aspen CBE announcing the new project’s launch noted that the idea of creating a business oath is not a new one. The creation of MBA programs in the United States grew in part out of a desire to “professionalize” the practice of management, and several schools have instituted their own oaths at various times.

Amid the recent economic crisis, management education has come under fire from some critics, and the idea of a global MBA oath has gained new life. Two Harvard professors suggested a draft oath in a November 2008 article in the Harvard Business Review, and World Economic Forum Executive Director Klaus Schwab devoted a special session during the January 2009 forum to begin the process of creating a global business oath.

Then, in May 2009, a grassroots movement led by students at Harvard Business School created the MBA Oath, which was signed by more than half of the HBS graduating class of 2009. According to the Aspen CBE release, 1,000 other business school students from MBA programs around the world also opted to take the oath last spring, and as many as a dozen other groups and individuals took their own modified or translated oath.

The Oath Project is rooted in the idea that for the project to succeed, MBA programs worldwide must come to consensus around a single oath for all to share. “We are currently at the ‘final draft’ stage of this oath, and are seeking feedback before we finalize the oath for 2010,” the Aspen CBE release stated.

To learn more about the Oath Project, click here.

What do you think? Should all MBA students take a common oath pledging to practice business ethically upon graduation? Share your comments here.

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# posted by Clear Admit @ 1:00 pm in General, MBA News, School: Harvard

Thursday, January 28, 2010

Campus Chronicles: The Harbus

Welcome back to Campus Chronicles!  This week we’ll take a look at HBS’s student newspaper, The Harbus, to see what’s been going on at the Harvard campus.

Before leaving for winter break, HBS students had the chance to participate in the Cyberposium 15 conference.  With this year’s theme of “Navigating the Digital Storm” the audience of 700 students, professionals, and tech enthusiasts listened to 100 panelists and moderators discuss technology progress, such as cloud computing and cleantech.  Keynote speakers included RIM CEO Jim Balsille and YouTube Founder and CEO Chad Hurley, and the most popular panels were “Trends in Digital Media,” “Reinventing eCommerce,” and “Mobile Consumer.”

Last week the Harvard Green Living Program implemented its bi-annual HBS Waste Audit, in which representatives from the program collect and analyze trash samples from the HBS campus.  This year they found that 23% of the materials put in the trash are actually recyclable, a number higher than the last two years.  However, the number of recyclables wrongly put in the trash has declined about 10% since the first audit in 2005, demonstrating the campus’s overall improvement.  To further decrease the amount of recyclables thrown away, HBS has implemented a Single Stream recycling program, as well as offered a number of tips to decrease the use of un-recyclable materials and help students determine the recyclability of certain items.

HBS students in Section E are celebrating their victory as 2009 RC Intramural Soccer Champions.  The undefeated Section E took on Section A in the final gaming, winning 5-3 to ultimately clinch the championship.  Brian Vickery from the Section E team joked that his team’s victory is due to their good looks when compared to a Section A, while Josh Solera claimed Section E’s emu mascot helped his team win, due to its superiority over Section A’s panda mascot.  In all seriousness, however, Section E thanks its fans for supporting them and helping them win the championship.  Congratulations Section E!

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# posted by Clear Admit @ 6:45 am in Campus Chronicles, School: Harvard

Monday, January 25, 2010

London Business School Tops Financial Times 2010 Rankings

London Business School (LBS) ranked number one in this year’s Financial Times global rankings of MBA programs, released today. Sharing the top spot with the University of Pennsylvania’s Wharton School last year, LBS this year claimed the honor all for itself.

Wharton came in second this year, followed by Harvard Business School, Stanford Graduate School of Business and INSEAD. To view the full rankings, click here.

LBS’s strong showing was due in great part to the broad educational experience it offers, according to the FT. “One of the best decisions of my life was to go to LBS for a full-time MBA,” one alumnus reported. “[It] has enriched my life, from education to career development, to making new friends and gaining new perspectives.”

Another added: “You not only learn from the school curriculum but from the deep cultural diversity of the student population. There is no place else that can offer this advantage to the extent that London Business School does.”

In a statement announcing its second consecutive top ranking, LBS Dean Sir Andrew Likierman pledged that the school will maintain its international diversity and global reach.

LBS is one of only three schools to have held the number one spot since the rankings were launched in 1999, and it is the only non-U.S. school to do so. According to an FT report accompanying the 2010 rankings, the school’s gradual ascent from eighth place 12 years ago to first today indicates as a broader trend the diminishing dominance of U.S.-based schools over the past decade.

The number of U.S. schools in the FT rankings’ top 25 has decreased over the years, from 21 in 2001 to 11 this year. The remaining 14 schools in the top 25 for 2010 include 11 from Europe and three from Asia.

The FT attributed this shift in great part to the fact that the return on investment for studying toward an MBA – measured in terms of salary increase – has fallen since 2005, and most significantly so in the United States.

But in spite of a weaker showing in the top 25, U.S. schools still make up the majority of the top 100 ranked programs, claiming 56 in this most recent ranking. The United Kingdom, with 17 of the top 100, is the second most represented country, and overall schools from 20 different countries appear, the FT added.

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# posted by Clear Admit @ 9:30 am in Rankings, School: Harvard, School: INSEAD, School: London Business School, School: Penn / Wharton, School: Stanford

Friday, January 22, 2010

Round 2 Interview Information from Harvard Business School

Director of Admissions Dee Leopold announced on her blog yesterday that Harvard Business School (HBS) plans to begin sending out interview invitations to round-two candidates on February 12th.

Her office will conduct roughly 800 interviews in this round, including interviewing some candidates who were placed on the waitlist as part of the first round, Leopold continued. “Most, but not all, of these invitations will go out on February 12th so that all invitees have equal access to locations and dates,” she wrote. But some may continue to trickle out up to and including on April 6th, the notification deadline for the second round.

Invitations will come in the form of an email from HBS MBA Admissions, Leopold wrote. The HBA MBA Admissions office will be closed on Monday, February 15th, for President’s Day, she advised. Following that, on Tuesday, February 16th, the HBS online interview scheduler will go live. Interview invitation emails will contain detailed instructions on how to schedule an interview, she continued.

As a reminder, HBS interviews are by invitation only. “We do not accommodate requests for interviews from candidates who are visiting campus,” Leopold wrote.

For a full list of available interview locations and planned interview dates, click here.

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# posted by Clear Admit @ 1:00 pm in Interview Tips, School: Harvard

Tuesday, January 19, 2010

Women Are Pursuing MBAs in Higher Numbers Than Ever Before

Women today make up 37 percent of students in full-time MBA programs in the United States, up from 33 percent five years ago and 30 percent 10 years ago, according to a recent article in the Financial Times. Adding that top European schools are also closing the gender gap, the FT report attributed the increase to a concerted effort on the part of leading programs to woo more women.

Citing data from the Association to Advance Collegiate Schools of Business (AACSB), a global accrediting agency for business schools, the FT report noted that while schools are still far from a 50/50 split, many are much closer than ever before. For instance, New York University’s Stern School of Business has been about 40 percent female for the past five years, and the Wharton School at the University of Pennsylvania reached the 40 percent mark for the first time this year.

“In a more plural classroom you’re going to get a more well-rounded learning experience,” John Fernandes, president and chief executive of AACSB, told the FT. “Many schools have become very focused on getting more women and they’re getting good results,” he added.

European schools, too, are attracting more women. For instance, the graduating class at INSEAD this year is 34 percent women, up from 23 percent in 2000, and in the past five years female applicants to the school have more than doubled, according to the FT.

Part of the challenge of attracting women has been the traditional timeline of the MBA. The standard MBA track requires four to five years of post-college professional experience before matriculation, which can be problematic for women planning a family, admissions officers told the FT.

“For a lot of work/family reasons, business school just comes too late [for women],” says JJ Cutler, dean of admissions at Wharton. Law, medicine and other graduate degrees, which women can pursue immediately after college, don’t pose the same conflict.

“Anecdotally speaking, what we find is that when women start thinking about graduate school, business school isn’t in the mix,” Elissa Sangster, executive director of the Forté Foundation, a consortium of corporations and schools that promotes women in business, told the FT. Schools that are successful in attracting more women are those who get them thinking about an MBA “early in the process,” she said.

So that’s exactly the tactic top schools are taking. Wharton, for example, has started to recruit promising female candidates at the college level by assigning them student mentors who offer advice and application tips, according to the FT.

Harvard Business School, through its 2+2 Program, has also drawn greater percentages of women. Though not specifically designed to impact the gender gap, the deferred MBA admissions program for undergraduates – which guarantees a spot in a future HBS class for accepted applicants upon completion of two years of approved work experience – drew about half women this year, HBS Admissions Director Dee Leopold told the FT.

Schools are also working to dispel the perception that business school is male-centric and cutthroat, as well as to counter the idea that an MBA is only useful for careers at investment banking and consulting firms.

To read the FT article in its entirety, click here.

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# posted by Clear Admit @ 1:00 pm in MBA News, School: Harvard, School: INSEAD, School: NYU Stern, School: Penn / Wharton

Friday, January 15, 2010

Harvard Business School to Open First Overseas Facility, Launch New January Term

In an effort to expand the number of international experiences available to its MBA students, Harvard Business School (HBS) will open a new facility in China later this month, according to a recent report in the Financial Times. The new facility, in Shanghai, will be the school’s first overseas facility, the FT adds. The move to China is part of an expanded curriculum development program and the launch of a new January term that will include a range of intensive seminars taught in small classroom settings, HBS announced.

In addition to China, the expanded Immersion Experience Program (IXP), which debuted on a smaller scale in early 2007, will take HBS first- and second-year students to other countries such as India, Rwanda and Peru to give them a chance to experience business outside of the United States, according to a release from the school. In these and other locations, the program will include field-based learning, company visits and service projects. 

In addition to the IXBs, the new January term offerings will include eight faculty-led seminars taught in small classroom settings. Planned seminar topics include leadership, negotiation, sustainable development and healthcare, among others. The seminars will take place between January 11th and 22nd and will feature case discussions, explorations of literature, lectures, guest speakers and student working groups and presentations.

Other top schools such as the Wharton School and Stanford Graduate School of Business have provided such opportunities for their students as a matter of course, the FT reports, but HBS has been slower to initiate such offerings. HBS was outranked by each of the other top seven U.S. MBA programs in the FT’s 2009 rankings in the area of international experiences afforded MBA students. 

More than 400 first- and second-year HBS students are expected to participate in the expanded curriculum program as part of nine faculty-led IXPs beginning this month, according to the HBS release. And two more IXPs are planned for March, to Brazil and Costa Rica.

The new Chinese facility also will open unofficially this month, the FT reports. In addition to serving as a base for MBA students on overseas projects, the new Shanghai facility also will be used for short executive courses, the FT added.

For the Financial Times article, click here. For the HBS press release, click here.

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# posted by Clear Admit @ 1:00 pm in MBA News, School: Harvard

Tuesday, January 12, 2010

Last-Minute Advice for Round-Two Applicants from Harvard Business School Admissions

With a January 19th deadline, Harvard Business School (HBS) is one of just a handful of top schools whose round-two deadlines haven’t already passed. In blog posts yesterday and today, HBS Admissions Director Dee Leopold offered some advice for applicants who are still working hard to finish up their applications.

For starters, she tackled the question of how rigid the word-count restriction is for the essay portion of the application. According to Leopold, she and her admissions team hear this question often from applicants.

“Your essays do not get cut off if you go over the word limit,” she wrote in response. And her team is not sitting there counting words as they read. But they do expect a candidate to be able to edit effectively, and they also have a feel for whether an essay is running long from having read so many of them. So you should make every effort to craft a response that falls within the word-count limit, “but don’t stress over a few extra words,” Leopold advised.

She added that it’s fine if recommenders have more to say than the suggested word-limit for letters of recommendation. HBS suggests a word limit equivalent to roughly a page of text. “We do this to give those not familiar with writing recommendations a sense of an appropriate length of response,” Leopold wrote. But their file doesn’t get cut off after a single page or after a certain number of words,” she assured.

In a subsequent post today, Leopold addressed the question of whether it’s advantageous to submit your application early for a given round. Her answer: “No, not really.” For this year’s second round, her staff will begin to print and distribute applications to the Admissions Board on the night of January 19th, but the board doesn’t begin to read applications until after the application deadline has passed.  “Contrary to lots of speculation, there is absolutely no correlation between when an application is submitted and when, or if, a candidate is invited to interview,” Leopold wrote. “Applications are not reviewed in the order in which they are received,” she stressed.

That being said, it’s never a good idea to wait until just minutes before the application deadline to press submit, she cautioned. “We anticipate that server traffic will be high and you will be frustrated and anxious with the time it will take to have a successful submission,” she wrote.

HBS will be closed on January 18th, the day before the round-two deadline, in observance of the Martin Luther King holiday. But the admissions office will be open that day from 8 a.m. to 5 p.m. (Eastern time) to answer last-minute questions, Leopold wrote.

Finally, Leopold reminded applicants that technical questions about the online application should be addressed to ApplyYourself. To reach ApplyYourself, click the online support button in the application itself of call (800) 526-3313. ApplyYourself will be available for support on January 18th from 8:00 a.m. to 8:00 p.m. (Eastern time).

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# posted by Clear Admit @ 1:05 pm in Admissions Tips, School: Harvard

Monday, December 14, 2009

Harvard Business School Round-One Decisions Imminent

For round-one applicants to Harvard Business School (HBS), we know jitters are likely at an all-time high. Tomorrow, December 15th, is the day the admissions committee releases it decisions for the first round. In a recent post to her blog, Director of Admissions Dee Leopold mapped out what anxious applicants can expect.

“Some time on Tuesday – most likely close to noon Boston time – you will receive an email from HBS MBA Admissions indicating that your decision is available,” she wrote. “When you log into your account, your decision letter will be there,” she added.

Before that, there’s no need to jump every time the phone rings, she counseled. “We don’t make any phone calls in advance of the online notification,” she wrote. Congratulatory calls will go out to admitted students later in the day, she continued.

If you are among those applicants invited to join the waitlist, you will receive a follow-up email later in the day tomorrow from Eileen Chang, who manages the waitlist, Leopold wrote. The waitlist will include some candidates who have already interviewed and some who have not.

Leopold advised candidates who are not admitted that her office will not be able to provide personal feedback on their applications. “Even if we had the staff capacity to do this during the application season, it probably wouldn’t be as helpful as you wish,” she wrote. This is because the vast majority of applicants are very well qualified and the final decisions come down to what mix of students will create the most diverse and textured class, she added. 

Best of luck from all of us here at Clear Admit to round-one applicants awaiting notification from HBS on December 15th. Don’t forget that you can share your news and learn others’ fates on the Clear Admit Wiki.

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# posted by Clear Admit @ 1:00 pm in MBA News, School: Harvard

Friday, December 11, 2009

University of Chicago Booth School of Business Dean to Step Down in June

Another business school will be looking for a new dean come June, according to a report yesterday in the Financial Times. University of Chicago Booth School of Business Edward Snyder will step down as dean in June 2010 after nine years in the role.

Snyder’s news comes just 10 days after Harvard Business School’s Dean Jay Light announced that he, too, will step down in June, ending a 40-year tenure on the HBS faculty. Meanwhile, officials at Northwestern’s Kellogg School of Management are conducting a search of their own to find a successor to Dean Dipak Jain, who stepped down in September. 

Chicago Booth’s Snyder will leave before the end of his second five-year term as dean, which would have finished in June 2011. “Given the strong state of our school and what we have accomplished, I believe now is the right time for the school to search for its next dean,” Snyder wrote in a letter to the Chicago Booth community. “On the personal side, I look forward to taking some time to reflect on the challenges facing management education, analyze some major public policy issues and consider my future,” he continued.

In a separate letter to the community, Chicago Booth President Robert Zimmer and Provost Thomas Rosenbaum praised Snyder’s dedication and all he has achieved over the past near decade. They credited him with helping to draw many of the world’s leading faculty to Chicago and doubling the number of endowed professorships at the school, while also maintaining the highest retention rate for senior faculty in five decades.

Also under Snyder’s leadership, student scholarship assistance has more than tripled, the dean and provost wrote. The school’s global footprint, too, has expanded to include a planned campus expansion in Singapore, a new campus in London and a key role in the University’s new Center in China. Meanwhile, at home on the Hyde Park campus, Chicago Booth moved its central operations into a dramatic new building.

Who will fill all of these open deans’ positions is sure to have the business school community buzzing, the FT noted. At HBS, which has always appointed its deans from within, the two current frontrunners are Rakesh Khurana and Nitin Nohria. The dean’s search committee at Kellogg is slated to propose candidates to the president and provost in early 2010, and interim dean, Sunil Chopra, is considered a potential frontrunner, the FT reported.

Meanwhile, Chicago Booth will establish its own dean’s search committee in the next few weeks, the president and provost wrote.

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# posted by Clear Admit @ 1:00 pm in MBA News, School: Chicago, School: Harvard, School: Northwestern / Kellogg

Thursday, December 10, 2009

Campus Chronicles: The Harbus

This week’s Campus Chronicles will highlight Harvard Business School, exploring some of the recent and upcoming campus events through a review of its student newspaper, The Harbus.

Professor Arthur Segel recently offered HBS students a chance to participate in a real estate purchase/sale negotiation simulation in his Real Property class, with the aim of educating them on business practices that may have indirectly contributed to the current financial crisis.  Students were dived into three teams of buyers, sellers, and lenders, each of which had to negotiate the purchase, sale, or financing of real estate assets, respectively.  Students discovered that although they were initially thrifty, the pressure to “win” transactions caused them to override competitive bidders to gain property, thus ensuring that they had winning results from all their work to present to their “boss” (i.e. Professor Segel, who was grading the simulation).  To win these transactions, students changed their offers such that the evaluation of the assets and leverage amounts increased, while interest rates and lending fees decreased.  Ultimately this shift caused the elimination of buyers’ equity investment and limited the value of lenders’ investments, transforming the “winners” into losers in this simulated real estate market.  After the exercise, students drew parallels of their simulation to real-life investors working in transactions such as mortgage originations and mortgage-backed security investments who may have responded to the pressure of “winning” investments.  Students in this class stated that their first-hand awareness of this trend would benefit them when they leave HBS and re-enter the working world.

HBS students will have the chance to contribute to a new book focusing on issues related to leadership, commerce, and the global business world as US business leaders work to recover from the financial crisis of 2008.  The book, titled “Reimagining Leadership: How a New Breed of MBAs is Rebuilding Capitalism from Within,” is slated to come out in May 2011, soon after HBS celebrates its 100th anniversary.  Led by Daniel Gulati, Oliver Segovia, and John Coleman, this book is slated to be a collection of stories from thirty HBS students and young business leaders, illustrating their response to the economy’s collapse, actions towards rebuilding, and lessons on business and leadership in difficult times.  The book’s leaders are currently accepting submissions solely from HBS students and alumni, and interested students had the chance to attend an information session about becoming contributors to the book on December 8th.

HBS students recently had the chance to attend the first Global Exposure Project, a new annual fundraiser hosted by the HBS Art Society.  The event featured photography taken by HBS students and faculty and covering a range of subjects, including portraits and landscapes from around the world.  HBS Art Society members selected the 63 photographs on display from out of 200 submissions.  Attendees of the event had the chance to buy framed prints of the display photographs as well as books containing all 63 photographs.  Proceeds from these sales went to Share Our Strength, a non-profit aimed at reducing childhood hunger in the U.S.  Ultimately, both the prints and photo books were all sold out and the Global Exposure Project was able to donate $4,000 to Share Our Strength.

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# posted by Clear Admit @ 5:12 am in Campus Chronicles, School: Harvard

Friday, December 04, 2009

Harvard Business School Dean Jay Announces Plans to Retire

Earlier this week in a letter to the Harvard Business School (HBS) community, Dean Jay Light announced that he plans to retire on June 30, 2010.

Light, who joined the HBS faculty 40 years ago, has served as dean for the past five. “I realize there will never be a good time to leave,” he wrote. “I’ve stayed somewhat longer than I intended, in fact, largely because of all of you,” he continued.

In an interview with the Harvard Gazette on December 2nd, the day he announced his retirement, Light reflected on his 40 years as part of the HBS faculty as well as his time as the inaugural doctoral student in a joint-degree program between HBS and the Faculty of Arts and Sciences.

In the interview, he shared details about his first day of class at HBS, revealed what he found most surprising when he stepped into the role of dean and reflected on what he’s most proud of during his tenure at the school. He also talked some about the future of management education and the opportunities and challenges facing his successor.

HBS President Drew Faust will soon be launching a search for a new dean, Light wrote in his letter to the community. Come June, Light looks forward to having more time to write, sail and spend with his wife as well as to reflect on the last 40 years, he told the Gazette.

To read the full Harvard Gazette interview with Light, click here.

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# posted by Clear Admit @ 1:00 pm in MBA News, School: Harvard

Tuesday, December 01, 2009

Trivia Tuesday: International Study Trips at Chicago, Columbia, Harvard, NYU Stern and Wharton

Welcome back to Trivia Tuesday, our weekly exploration of the details, distinctions and developments of the leading MBA programs.

Over the last decade, most business schools have sought ways to provide relevant, hands-on international business exposure within the confines of a two-year degree. The solution that many schools have arrived at is “study trips,” which allow students to spend 1-2 weeks exploring the business environment of another country over the summer or during a mid-semester break. Depending on the school, these trips may be organized through an elective course, by an administrative office, or through a campus student group.

For instance, the Chazen Institute at Columbia works with individual students and clubs to organize study trips to countries or regions of interest, while Chicago’s International Programs Office coordinates short-term summer exchanges to Austria, Brazil, France and Germany. Several other business schools offer students academic credit for their travel abroad. At HBS students are able to earn 1.5 credits for their work abroad over the summer between the first and second year, provided they keep a weekly journal and submit a final paper. At Wharton, however, study trips are often closely integrated into full-semester elective courses, with students participating in hands-on consulting projects with firms from outside the U.S.

At NYU Stern, the school’s one- to two-week long Doing Business In… (DBI) programs offer an appealing short-term alternative to spending an entire semester abroad. The program is usually offered in three selected locations each year and takes place outside of the normal academic calendar, usually between semester breaks or during Spring Break, making it easy for students to fit the program in at some point during their MBA. Each DBI includes one pre-trip class session and 8-10 full days of scheduled activities in the host country. Admission is by lottery, and classes are taught by the faculty of the host university; these faculty members also award the final pass/fail project or paper grades for the course.

In addition to the DBI programs, Stern also offers students the unusual opportunity to study abroad for 1-6 weeks with one of four partner universities in Argentina, Denmark, Germany, or South Korea. These courses usually take place in early- to mid-May, making it possible to arrange a summer internship start date around completion of the course. The one-, three- and six-week programs may earn students 1.5 to 6 credits toward graduation. Although many MBA programs allow students to study abroad for a full semester or to travel abroad as part of a course, few provide summer exchanges through which students can earn credit toward graduation.

As knowledge of other cultures and business practices becomes more important to the daily life of business, it will become ever more important for students to gain exposure to international business during the MBA program. Since study trips range from informal and self-directed to formal consulting engagements for academic credit, applicants may want to consider the type of study trip that would best complement their prior international experience and keep this in mind as they apply to MBA programs.

For more information on the details of schools’ study trip offerings, be sure to consult the Clear Admit School Guides! For applicants who are sure of their career goals and want to find out which MBA programs offer international study trips that best support these goals, check out the Clear Admit Career Guides!

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# posted by Clear Admit @ 8:50 am in Career Guides, School Guides, School: Chicago, School: Columbia, School: Harvard, School: NYU Stern, School: Penn / Wharton, Trivia Tuesday

Wednesday, November 25, 2009

Clear Admit Publications On Sale Now for a Limited Time!

In honor of Thanksgiving in the U.S., we are featuring a number of on-sale items! From today through Sunday, November 29th, only, we are offering a more than 50% discount on the Clear Admit Career Guide for Consulting – get it now for the discounted price of $19.99! Also on sale this holiday weekend are the Clear Admit School Guides to Columbia, Harvard and Wharton, which you can purchase for $29.99 each!

If you are hoping to land a position with McKinsey, Bain or BCG post-MBA, the Clear Admit Career Guide for Consulting will help you determine which programs would best enable you to reach your consulting career goals. The Clear Admit Career Guide to Consulting is just one of many titles in our line of Career Guides, which also cover investment banking, entrepreneurship, marketing and healthcare.  The Career Guides outline career-specific courses, notable professors, relevant extracurricular activities and the latest recruitment data at the leading MBA programs, and help readers identify the programs that will best support their career goals. These guides also provide comparisons of the leading programs, to give you the full picture of each school’s offerings and opportunities. Whether formulating a list of target schools with strong programs in your chosen career path, looking to enrich your application materials or making an informed decision about where to enroll, these guides will serve as a valuable resource throughout the business school application process.

To check out our full line of publications and purchase any of our guides, visit the Clear Admit shop. Remember, from today through Sunday, November 29th, you can take advantage of our special holiday sale and get the Clear Admit Career Guide for Consulting for just $19.99. While in our shop, you can also fill your cart with other discounted items, like the Clear Admit School Guides to Columbia, Harvard and Wharton, which are currently available for just $29.99 each. All guides are available for immediate purchase and delivery!

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# posted by Clear Admit @ 6:00 pm in Career Guides, School Guides, School: Columbia, School: Harvard, School: Penn / Wharton

Thursday, November 12, 2009

Campus Chronicles: The Harbus

In our weekly installment of campus chronicles, we’ll take a look at The Harbus to catch a glimpse of the recent and upcoming events at Harvard Business School.

Students at Harvard Business School had the opportunity to advance their careers through the recent Dedicated Interview Period, fondly known as “Hell Week.” During Hell Week, students have five full days – uninterrupted by classes – to prepare for and participate in interviews from visiting companies.  This year’s Hell Week had 145 participating companies, grown from 138 in last year’s Hell Week due to the new participation of Clark Energy Group, Green Briar Equity Group, Anheuser-Busch InBev, SEI, Waud Capital Partners, and Zynga.  For this recruiting event, HBS Career Services schedules the first round of interviews.   However, second round interviews granted by companies may conflict with the already scheduled first round interviews, forcing students to juggle their priorities and commitments – hence giving Hell Week its name.  However, students cited the helpful nature of this recruiting event, especially given the current economic and job market.  In addition, this year students and potential employers alike had the increased opportunity to stay healthy during this week-long, highly interactive event, as HBS instituted a “Greet with a smile, not a handshake policy,” mandated to ward off the spread of H1N1.

HBS students looking for a fun break from courses and interviews will have the chance to enjoy the annual Sankofa show, held this year on November 24.  Members of HBS’s African American Student Union will perform short plays, dances, and spoken word in this event, attended by students and faculty alike.  “Sankofa” means “go back and take” in the Akan language from Ghana, and was chosen as the title of this event as the performances share memories, lessons, and stories from Black history and culture.

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# posted by Clear Admit @ 7:33 am in Campus Chronicles, School: Harvard

Friday, November 06, 2009

Four Entrepreneurial Alumni to Work with Harvard Business School Students as Part of Residency Program

As part of its Entrepreneur-in-Residence (EiR) program, Harvard Business School (HBS) invites accomplished entrepreneurs among the HBS alumni to spend a semester or full academic year on campus as counselors to current MBA students who hope to pursue careers in the entrepreneurial field. This year, four such residents have joined the HBS community, bringing a range of valuable entrepreneurial experience to the school.

This year’s Entrepreneurs-in-Residence are Jeffrey Bussgang (MBA ’95), general partner at early-stage venture capital firm Flybridge Capital Partners; Susan Decker (MBA ‘86), former president of Yahoo!; Jim Sharpe (MBA ’76), former president of aluminum extrusion fabricator Extrusion Technology; and Jeffrey Walker (MBA ’81), chairman of Millennium Promise and former CEO of CCMP, the successor to JPMorgan’s private equity arm. 

In addition to working directly with students, each EiR will collaborate with HBS faculty on courses and other special projects and programs. Bussgang will work with Associate Professor Noam Wasserman on a second-year elective course called “Founders’ Dilemmas: Money and Power in Entrepreneurial Ventures.” Decker will work with Professor Tom Eisenmann and Senior Lecturer Michael Roberts on the entrepreneurship-focused portions of HBS’s Immersion Experience Program (IXP), in which students conduct career-related field work between the first and second terms. Sharpe will assist Professor Paul Marshall on his elective, “Entrepreneurial Management in a Turnaround Environment.” And Walker will work alongside faculty as part of HBS’s Social Enterprise Initiative.

The EiR program is sponsored by the Arthur Rock Center for Entrepreneurship, established in 2003 to provide resources and programming for students pursuing entrepreneurial careers. In the 60 years since HBS offered the country’s first graduate course in entrepreneurship, the field has grown to include more than 30 faculty members, and 50 percent of alumni describe themselves as entrepreneurs within 10 to 15 years of graduation.

To learn more about HBS’s EiR program or about this year’s individual participants, click here.

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# posted by Clear Admit @ 1:00 pm in MBA News, School: Harvard

Friday, October 23, 2009

Round 1 Update from Harvard Business School Admissions Director

In a post to her blog yesterday, Harvard Business School (HBS) Director of Admissions Dee Leopold shared that her office continues to send out interview invitations to Round 1 applicants and that a significant number have yet to go out. She did not disclose how many more invitations will be sent, but she did explain that the timing of when you receive an interview invitation does not reflect the relative strength of your application or candidacy.

Interview invitations are not sent out on Saturday and Sunday, she added, so no need to look for them on the weekends.

Leopold reminded applicants that HBS will make R1 decisions before viewing R2 applications this year and that some applicants waitlisted in the first round may be invited to interview as part of the second round. Invitations to join the waitlist for R1 will go out on December 15th to candidates who have not been interviewed, Leopold said. She expects about 100 or so applicants to be invited to join the waitlist as part of R1.

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# posted by Clear Admit @ 1:00 pm in MBA News, School: Harvard, Waitlist Advice

Monday, October 19, 2009

Economist 2009 Business School Rankings Released

The Economist this week released its annual rankings of top business schools, with European schools IESE and IMD taking the first and second spots respectively, followed by Berkeley’s Haas School of Business, the University of Chicago Booth School of Business and Harvard Business School – in that order – rounding out the top five.

In an accompanying article, the Economist helps make sense of why business schools seem to fall in such different orders depending on the ranking you choose. For example, the University of Pennsylvania’s Wharton School barely made it into the top ten in the Economist’s ranking this year (up from 17th last year) but ties for number one (with London Business School) in the Financial Times’ 2009 rankings.

Why such disparity? Because the different publications that produce rankings – which include BusinessWeek, the Wall Street Journal and U.S. News & World Report as well as the FT and the Economist – employ different methodologies to compile their lists. According to the Economist article, that publication’s rankings rely heavily students’ own assessment of their time at business school and how their earning power and marketability increased upon obtaining a degree. This year at IESE, 98 percent of graduates found jobs within three months of graduation with an average basic salary of $125,000, propelling the Spanish school to the top of the list.

The FT’s rankings, meanwhile, focus on academic research as well as graduates’ salaries. And BW ranks U.S. and European schools separately. Hence the wildly different rankings of schools all in a single year. But as the Economist article point, even as different as they are – or perhaps, because they are so different – the rankings still serve a valuable purpose, which is to highlight the many different ways in which business schools can excel.

As always, those of us here at Clear Admit encourage you to consider the rankings as you try to decide which business school will best help you meet your individual goals, but only as one part in a comprehensive evaluation of schools.

To view the Economist’s rankings in their entirety, click here.

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# posted by Clear Admit @ 1:00 pm in School: Berkeley / Haas, School: Chicago, School: Harvard, School: IESE, School: IMD, School: Penn / Wharton

Tuesday, October 13, 2009

Attention: Future Investment Bankers!

If you want to pursue a career in investment banking, it makes sense to choose a business school program with a banking focus and an exceptional track record for placement in the field, right? That’s why we created the Clear Admit Career Guide to Investment Banking—a detailed guide to the programs that best support a career in i-banking. Based on extensive research into the nuts and bolts of a wide range of b-school programs and data about recruitment and placement after graduation, we selected fifteen top schools and provide detailed information for each about academics, extracurriculars, and career support.

For example, here is an excerpt about the faculty at Harvard Business School:

“Thirty-four professors identify investment banking as an industry of interest, and 15 of these specifically target investment banking as an area of focus for their research activities. The finance faculty includes a number of noted researchers, including one winner of the Nobel Prize in Economics.”

A grid of selected HBS Finance faculty—including the aforementioned Nobel Prize winner—is included in the guide, as well as course information and professional experience for each professor.

Another excerpt talks about recruitment at the University of Chicago Booth School of Business where recruitment events start early:

“Twice a year, the Chicago Booth Career Services Office organizes a Corporate Networking Night focused on financial services and corporate finance. Representatives from industry firms are invited to campus to meet students at an informal reception. One of these networking nights is held in late September for second-year students only, while both first- and second-year students are invited to attend the mid-November reception, More than 25 firms generally send representatives to these function.”

Early in the application process this guide will help identify a group of schools worth exploring, while later on it can serve as a basis of knowledge for essays and interviews, as well as a rich source of information about career outcomes and club activities. At the end of the process, this guide can ultimately help candidates make an informed decision about where to enroll.

So check out the Clear Admit Career Guide to Investment Banking for guidance at any stage of the application process—available for immediate purchase and download from the Clear Admit shop!

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# posted by Clear Admit @ 4:40 am in Career Guides, School: Chicago, School: Harvard

Monday, October 12, 2009

HBS R1 MBA Interview Invitations Will Start Going Out on October 16th

Havard Business School will begin issuing R1 interview invitations on Friday, October 16th.  As one would expect, the admissions board is presently knee-deep in application reads.  Director Dee Leopold was kind enough to offer a quick blog post with an update in terms of the interview invitation process.  Here are the key facts:

1) As most applicants know, interviews at HBS are by invitation only

2) The first invites will begin coming out this Friday, October 16th

3) Invites will continue to trickle out until December 15th – at no particular pace

4) Most interviews will take place in November in Boston (on campus) or in various hub locations at major cities across the globe

Unlike last year, when HBS sent a large batch of invitations out in a single day, Leopold told prospective applicants to expect more incremental dispersal this application season. “Maybe more like a not-scientifically-measured stream until December 15th,” she wrote. “We really (really, really, really) don’t know how many will go out on any given day,” she added, which is exactly the answer you’ll receive if you call the office and ask.

Invitations to interview will be distributed via email and will include instructions on how to sign up for an interview spot. Interviews will take place during November in Boston or one of HBS’s other hub cities. Don’t worry about your interview email invitation getting lost, Leopold added. “We’ve been doing this for a long time and we haven’t lost anyone yet!” she wrote.

In late September, HBS announced that it has created Facebook and Twitter pages to keep applicants to the Class of 2012 updated on the admissions process. In addition to these updates, Leopold will post admissions information to her blog whenever she thinks it will be helpful. She also hopes to devote one post each week to answering questions submitted by prospective applicants.

For more information about the HBS interview process, including sample questions and strategic insight, download the Clear Admit Interview Guide to Harvard Business School and check out the HBS Interview Reports page in the Clear Admit wiki.

Best of luck to all of those R1 applicants who are anxiously awaiting word!

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# posted by Clear Admit @ 6:37 am in Admissions Tips, Interview Guides, Interview Tips, School: Harvard

Thursday, October 08, 2009

Financial Times Reports Record Class Sizes at Top Business Schools, Drops at Other Schools

According to a Financial Times article last week, many top business schools are reporting record numbers of students this year, the result of higher-than-normal enrollment yields among admitted students. But still other schools are reporting drops in traditional yields. Overall, an unusual combination of factors this year seems to have made predicting class enrollment sizes far trickier than usual.  

The FT credited Edward Snyder, dean of the University of Chicago Booth School of Business, with predicting accurately that it would be unusually difficult to predict student enrollment this admission season. “This year, I think you can throw out traditional yield information,” he told the FT.

Indeed, yields at most top schools have surged this year, which is to say that higher-than-usual percentages of admitted students have chosen to enroll, resulting in record student numbers. Chicago Booth’s enrollment swelled to 592 full-time students, up from 577 last year and higher than ever before. The Wharton School at the University of Pennsylvania, which usually enrolls between 800 and 820 students, this year welcomed 862. Harvard, Stanford, the University of Michigan’s Ross School, and INSEAD also all report record-high enrollments this fall, according to the FT report.

At the same time, some schools have seen their yields fall off. An example is the Anderson School at UCLA. Admissions Director Mae Jennifer Shores attributed this year’s lower-than-normal yield to the fact that some prospective students opted to accept offers at schools with bigger brands. “There’s a lot of crossover between UCLA Anderson and the other top schools,” she told the FT.

Whether up or down, yield has been unusually difficult to predict this year in part because of competing theories about business schools and recessions, the FT reports. Some argue that an economic downturn makes for an opportune time to go back to school. Others counter that if you have a job, now’s the time to hold tight to it.

A drop in international student applications – the result of uncertainty around the availability of student loans and/or post-graduation jobs – has also made it more difficult for admissions offices’ to accurately gauge yield. Columbia Business School saw its yield drop this year, which Assistant Dean Linda Meehan attributes at least in part to a drop-off in overseas applications. Even so, she finds the overall drop in yield hard to understand. “This last year was a very different year and different from other downturns,” she told the FT.

To read the FT article in its entirety, click here.

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# posted by Clear Admit @ 2:24 pm in MBA News, School: Chicago, School: Columbia, School: Harvard, School: INSEAD, School: Penn / Wharton, School: Stanford, School: UCLA / Anderson

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2008-2009 Top Ten:

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MaybeMBA(Chicago Booth)

JulyDream (Darden)

Paragon2Pieces (McCombs)

HairTwirler (McDonough)

Iday (Chicago Booth)

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CS (Harvard)

Andrew (Marshall)

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M@ (Ross)

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2007-2008 Top Ten:

• Top 10 Applicants:
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• Miss Curly Bee
• VidiViciVeni
• B-School Bound
• Tinydancer
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• Hair Twirler (Georgetown)
• Iday (Chicago)
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• Necromonger (INSEAD)
• Chrisof Meyer (Darden)

2006-2007 Top Ten:

• Top 10 Applicants:
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• Asiangal
• Forrest Gump
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• Anand

• Top 10 Students:
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• Tim K. (McCombs)
• Noelle (IESE)
• Jerry Blank (Yale)
• Benny (Tuck)
• La Laudiaria (Wharton)
• Karlitos (LBS)
• MBA Gladiator (Yale)

2005-2006 Top Ten:

• Top 10 Applicants:
• MBA Jackass
• Marina
• Forrest Gump
• Pupstar78
• Axechick
• Sorebrek
• Angel Angie
• I_Will_Make_It
• Redwolf056
• Vatsa

• Top 10 Students:
• Marquis (Stanford)
• Poweryogi (Chicago)
• KV (LBS)
• FutureMBAGirl (Wharton)
• The Divine Miss N (LBS)
• Vijay (ISB)
• Wakechick (Chicago)
• NoelleBellie (IESE)
• Jerry Blank (Yale)
• Olivier (INSEAD)

2004-2005 Top Ten:

• PowerYogi
• Brit-Chick
• bskewl
• WakeChick
• Dave
• Iceman07
• iwhoElse
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