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APPLICANT RESOURCES
Admissions Director Q&A Clear Admit School Guides Clear Admit Career Guides Clear Admit Strategy Series Clear Admit Interview Guides Below are the upcoming deadlines for admission to top-tier schools. Feb 10: INSEAD R3 Mar 1: Michigan / Ross R3 Mar 3: CBS Mar 3: LBS R3 Mar 4: Kellogg R3 Mar 8: Cambridge / Judge R4 Mar 8: CMU / Tepper R3 Mar 9: Duke / Fuqua R3 Mar 9: Penn / Wharton R3 Mar 10: Berkeley / Hass R4 Mar 10: Chicago Booth R3 Mar 10: Yale SOM R3 Mar 15: NYU / Stern R3 Mar 17: UCLA / Anderson R3 Mar 19: UNC / Kenan-Flagler R4 Mar 30: Cornell / Johnson R4 Mar 31: UVA / Darden R3 Mar 31: INSEAD R4 Apr 1: UT-Austin / McCombs Apr 2: Dartmouth / Tuck R3 Apr 2: Oxford / Saїd R3 Apr 7: Stanford GSB R4 Apr 8: Harvard R3 Apr 14: CBS Essay Topic Analysis Use categories to access all that has been written on each of the topics. We have categorized by school and by subject matter.
Interview Reports MBA.com Manhattan GMAT GMAT Club Princeton Review Test Prep New York Kaplan Beat The GMAT Knewton Writing Resources Guide to Grammar and Writing The Internet Grammar of English English Usage, Style and Composition The Economist Style Guide Paradigm Online Writing Assistant School Rankings The following resources should be useful to those who want to research the careers open to them after (or before) earning an MBA. Vault.com Wetfeet
Business School Resources
If an MBA Program is not listed, please e-mail and we will be happy to list it. Berkeley / Haas Boston College / Carroll Carnegie Mellon / Tepper Chicago Columbia Concordia Cornell / Johnson Dartmouth / Tuck Duke / Fuqua Emory / Goizueta Harvard HEC Montreal Indiana / Kelley Michigan MIT / Sloan Northwestern / Kellogg New York / Stern North Carolina / Kenan Flagler Notre Dame / Mendoza Pennsylvania / Wharton Queens Stanford Syracuse / Whitman Texas / McCombs Thunderbird Toronto USC / Marshall UCLA / Anderson Vanderbilt / Owen Virginia / Darden Washington University in St. Louis / Olin Western Ontario / Ivey Yale MBA Programs: Rest of the World As there is some variety in the length of international MBA programs, we have denoted the length of the program next to its name (1 = one year; 2 = 2 years). If an MBA Program is not listed, please e-mail and we will be happy to list it. AGSM (Australia) 2 Cambridge / Judge (UK) 1 CIEBS (China) 2 Cheung Kong Graduate School of Business (China) 1 Cranfield School of Mgmt (UK) 1 ESADE (Spain) 1 or 2 HEC (France) 2 Hult (UK) 1 IESE (Spain) 2 IMD (Switzerland) 1 INCAE (Costa Rica) 2 INSEAD (France) 1 IPADE (Mexico) ISB (India) 1 London Business School (UK) 2 Manchester Bus. School (UK) 2 Melbourne (Australia) 2 Oxford / Said (UK) 1 Rotterdam (Netherlands) 1 Tsinghua IMBA (China) 2 University of St. Gallen (Switzerland) 1 Additional Resources Here we link a host of additional resources available across the web. E-mail info@clearadmit.com to have resources added to this list. AACSB International Association of MBAs Beyond Grey Pinstripes EFMD gradschools.com (worldwide) Infozee International Student Loans mba.com (GMAT Scores) MBAInfo mbaleague.blogspot.com MBAzone MBA Jungle TOEFL Top MBA MBA Tipline We encourage admissions officers, students and applicants to alert us of interesting news and developments, please send an email to news@clearadmit.com so we can blog it. Blog Archive
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Get a $10 Amazon.com Gift Card! Contribute your MBA interview reports to the Clear Admit Wiki. Interviewing with b-schools in R2? Download our school by school Interview Guides or send us your CV to learn more about our mock interview services. CATEGORY - SCHOOL: LONDON BUSINESS SCHOOL 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.
Tuesday, January 12, 2010 Trivia Tuesday: Hands-on Learning at Ross and London Business School In today’s Trivia Tuesday we turn our attention to the signature experiential learning opportunities available at Michigan’s Ross School of Business and the London School of Business. The Multidisciplinary Action Project at Ross is the centerpiece of the first-year curriculum. In the course, student teams are paired with companies in the U.S. and abroad to complete a significant consulting assignment. The teams work for Fortune 500 companies, entrepreneurs and non-profits on projects related to business plan development, human resource planning, marketing, process improvement, growth strategies and more. MAP is designed to provide a capstone experience to the first year, demanding that students draw on the lessons learned across the general management core classes. The faculty and administration believe that the process of working with a team and client to define a project, assemble and analyze needed information, and recommend an action plan is an important experience that builds the leadership skills necessary to identify and solve future problems. Some past MAP projects include assessing the agricultural sector of Tanzania for the Acumen Fund, working with the Business for Social Responsibility to analyze water use and waterwaste management in apparel factories in China, and creating a marketing strategy for Proctor and Gamble in Ohio. Past locations have included local projects in Ann Arbor and Dearborn, Michigan, domestic projects in California, Arizona and Connecticut, and international projects in India, Uganda, Brazil and the Czech Republic. At London Business School, second-year students undertake a paid consulting engagement to solve a company’s critical business problem. Teams of two or three students work with a company’s management to determine the project’s scope, deliverables and remuneration. London students have worked with a wide range of companies on the second year project, including NGOs, charities, and the regional offices of multinational corporations like IBM and Nike. Projects have also been wide-ranging, although each involves research and analysis of a concrete business problem. Interim deliverables vary based on the arrangement with the company, but all teams are required to produce a final written report summarizing their findings and suggesting solutions. Students typically negotiate payment from £100 to £300 per workday, although those without relevant industry experience are often willing to accept lower compensation, as are students who work for startups or charities. Most projects extend from two to four months, with students devoting 25-30 working days to the undertaking – all while completing other coursework. For more on the opportunities for hands-on learning at Ross or LBS, or to explore the experiential learning offerings at other leading business schools, be sure to check out the Academics and Special Programs sections of the Clear Admit School Guides!
Wednesday, December 09, 2009 Wiki Wednesdays: Submit an Interview Report for Carnegie Mellon / Tepper, Cornell / Johnson, UT / McCombs or London Business School and Win a $10 Gift Card to iTunes! Welcome to another edition of Wiki Wednesdays, our weekly post about the Clear Admit Wiki, an online repository for MBA applicants to share their experiences with the admissions process. Over the past week, we’ve received a number of interview reports for Northwestern / Kellogg and Dartmouth / Tuck. Let’s take a closer look at the questions these candidates faced… An Early Action applicant to Tuck interviewed with a second-year student and addressed the following queries: On Kellogg’s campus, an accepted Round 1 applicant recalled the following questions from his adcom interviewer: Thank you to everyone who has contributed to the Clear Admit Wiki and helped fellow applicants prepare for MBA admissions interviews! For those interested in adding their experience to the Wiki, we’ll be awarding a $10 iTunes gift certificate to every fifth applicant who contributes an interview report. Plus, between now and next Tuesday, December 14th, the first 15 candidates that submit interview reports for Carnegie Mellon / Tepper, Cornell / Johnson, UT / McCombs or London Business School will receive a $10 gift certificate to iTunes! To be eligible for the prize, simply send your contribution to wiki@clearadmit.com; we’ll post it to the Wiki and notify the winners by e-mail (Limit: one gift card per person). As always, we wish the best of luck to Round 1 applicants undergoing the interview phase of the admissions process! Applicants who would like to supplement the information available on the Wiki can check out our Clear Admit Interview Guides, which provide school-specific insight and strategic advice to help applicants with their admissions interviews. Stay tuned to this blog for an array of interview tips in the coming weeks, and be sure to check out the Clear Admit Wiki for firsthand interview accounts.
Tuesday, October 27, 2009 Trivia Tuesday: London Business School’s Shadowing Project In this week’s Trivia Tuesday column we turn our attention to experiential education across the pond, examining the Shadowing Project at London Business School. The shadowing project at LBS enables students to gain a firsthand perspective on the daily role of a high ranking manager by “shadowing” that person for up to a week as they perform their job. Students report that they benefit immensely from this exposure, which illuminates skills they need to develop to succeed as managers. Before entering the workplace of their “shadowees,” as they are called, students examine key studies and concepts in managerial behavior, building a theoretical framework to help them assess the management situations they will witness during the project. After the shadowing period, students synthesize their observations in a graded report that objectively profiles the leadership style of their shadowee. To set up the Shadowing Project, students are expected to initiate contact with a manager of their choosing, and to arrange mutually acceptable dates for the shadowing to take place. While the task of contacting a high-level manager and pitching the shadowing idea may seem daunting, LBS explains that learning to harness the LBS network and preexisting professional contacts is one of the project’s key takeaways for students. The shadowing project can be completed between January and May in either the first or second year. The actual shadowing need not occur over five consecutive days, so students and their shadowees may decide to schedule the shadowing dates around critical meetings or events that it would be most helpful to witness. Of the managers LBS students have shadowed over the past few years, about 15% have been CEO’s, 25% Managing Directors, General Managers or Vice Presidents, and 10% have held the highest ranking finance post in their organizations. In addition to the more traditional shadowees at investment banks and pharmaceutical companies, students have shadowed prominent figures in politics, as well as the management of a symphony orchestra. More than one-third of students travel outside the UK for the project. For more on the projects and experiential learning opportunities at London Business School or other leading MBA programs, be sure to check out the Academics and Special Projects sections of the Clear Admit School Guides!
Thursday, October 22, 2009 Global EMBA Programs Top Financial Times 2009 Rankings Executive MBA (EMBA) programs have had trouble attracting as many students this year as they did last, with the exception of programs that feature classes taught across multiple continents. This according to data collected for the Financial Times’ 2009 EMBA ranking, released October 19th. Among schools surveyed by the FT, overall enrollment in EMBA programs has dropped 9 percent – and it is believed to have dropped even more among lower-ranked schools. But multi-continent EMBA programs are proving the exception. They are the only programs to have increased enrollment this year, the FT reports. Unlike regular MBA enrollment, which is often counter-cyclical to the economy, EMBA enrollment generally drops when times get tough, especially as corporate sponsorship dries up. But multi-continent programs are bucking the trend this year, and topping the FT rankings. Each of this year’s top four programs is taught on at least two continents. They include partnerships between Kellogg and Hong Kong UST Business School (No. 1); HEC Paris, London School of Economics and NYU Stern (No.2); Columbia and London Business School (No. 3); and a program at the University of Chicago Booth School of Business taught in the United States, the United Kingdom and Singapore (No. 4). Even with a price tag of more than $100,000, these and other multi-continent programs are still attracting students, including many who opt to sponsor themselves. According to Vince Frillici, a Washington, DC-based political lobbyist, his decision to pursue an EMBA now through the OneMBA program at the University of North Carolina’s Kenan-Flagler school is already paying dividends. ““I feel it is adding value for my clients already,” he told the FT. A change in format for part-time EMBAs has helped support the growth of multi-continent programs. In place of the evening and weekend format of years past, EMBAs now often feature a modular structure in which students study in one-week blocks. “We find that people will fly one hour for each day [of the module],” dean of EMBA programs at INSEAD, told the FT. To read the full FT Global EMBA special report article, click here. To view the interactive 2009 EMBA rankings, click here.
Thursday, September 24, 2009 London Business School 2009-2010 Essay Topic Analysis London Business School’s are unchanged from last year. This is a solid indication that the school’s emphasis on international experience, as well as its interest in a candidate’s past and proposed leadership experience, remains unchanged. More than most programs, LBS asks applicants to share specific details of their future involvement on campus and contribution to the community. From this, one can extrapolate and assume that they’re interested in candidates who’ve spoken to students and learned a good deal about the program to really understand how and where they might fit. Question 1 (600 words): Question 2 (200 words): Here, the typical career goals essay is broken down into two discrete inquiries. This format clearly underlines the importance of having both a short- and long-term career plan in the MBA admissions process. Though the compartmentalization of the short and long term discussions might make it a bit more difficult to adapt content written for applications to other schools, it does signal the extent to which the adcom wants to hear about each of the topics raised. Developing one’s long-term goal discussion over 200 words, with a stopping point at the five-year mark, could be a great opportunity for applicants who often cover this topic in a single sentence to meet the word limit in their essays for other schools. The question also incorporates a “why now?” query, prompting candidates to explicitly justify the timing of their applications given the current stage of their careers. Question 3 (500 words): Question 4 (400 words): Question 5 (150 words):
Tuesday, September 22, 2009 London Business School Receives Two and Half Million Pound Donation to Support Entrepreneurship and Innovation The London Business School will establish a faculty chair in Entrepreneurship and Innovation after receiving a two and a half million pound contribution from Sir Donald Gordon, one of the world’s most successful entrepreneurs and businessmen. “My gift will help the School encourage its aspiring leaders to better understand the nature and practice of entrepreneurship and innovation.” he commented. The founder of Liberty Life and Liberty International, and cofounder of Abbey Life, Sir Donald has developed several other prominent global businesses including Standard Bank and South African Breweries (now called SABMiller). Entrepreneurship is already one of London Business School’s most distinguished programs, and ranks as one of the top three subjects in size. Now, thanks to Sir Donald’s generous donation, Associate Professor of Strategic and International Management Michael G. Jacobides will become the Sir Donald Gordon Associate Professor of Entrepreneurship and Innovation and chair the program. A faculty member since 2000, Professor Jacobides has completed award-winning research on how industries evolve and change over time. In response to his new role, he said, “I am honoured to serve as the Sir Donald Gordon Associate Professor of Entrepreneurship and Innovation. . . . Sir Donald’s generosity will help support research on innovation, change and entrepreneurship that can benefit not only entrepreneurs, but also society as a whole.” To learn more about this story, click here. Find out about Entrepreneurship programs at all of the top schools in Clear Admit’s Career Guide to Entrepreneurship! Let us know what you think!
Monday, August 31, 2009 London Business School Deadlines and Essay Topics 2009-2010 The London Business School deadlines and essay topics for the 2009-2010 admissions season have been released. The deadlines are below: Round 1 Round 2 Round 3 Round 4 The 2009-2010 essay topics have also been published and are as follows: Question 1 (600 words): Question 2 (200 words): Question 3 (500 words): Question 4 (400 words): Question 5 (150 words):
Admissions Tip: Off-Campus Information Sessions For all those applicants who have recently opened a calendar to plot out the next few months only to realize they can’t possibly fit in campus visits on top of full time jobs and essay writing, never fear! It’s true that traveling to a school’s campus is the ideal way to learn about their MBA program, but visiting is often not a viable option for applicants who are located remotely or unsure of their level of interest in a given school. The good news is that business schools might very well come to them. Many b-schools are getting ready to hit the road and embark on worldwide tours to dispense information and recruit qualified applicants. Such events offer a great opportunity for interested students to meet with admissions staff (and sometimes with current students and/or alumni), learn about the program and ask specific questions. Some of the top schools are already on the road, so we recommend looking into the travel schedules for programs of interest and planning accordingly. Keeping in mind that these schedules are updated and amended throughout the fall, here are some of the top programs’ itineraries for the months ahead: Berkeley / Haas: Chicago Booth: Columbia: Duke / Fuqua: HBS: Northwestern / Kellogg: Michigan / Ross: MIT / Sloan: Stanford GSB: NYU / Stern: Dartmouth / Tuck: UCLA / Anderson: UNC / Kenan Flagler: UVA / Darden: U Penn / Wharton: Yale SOM: IESE: IMD: INSEAD: LBS:
Thursday, August 20, 2009 London Business School President Steps Down Not too many months ago we reported here that London Business School had appointed Robin Buchanan as its new president as part of a reshuffling of responsibilities at the school. Buchanan assumed the president’s role when Sir Andrew Likierman, professor of management practice in accounting, replaced him as the school’s dean. Earlier this week, the Financial Times reported that Buchanan has now stepped down as president, leaving the future of that role at the school unclear. Before shifting to president in January of this year, Buchanan had served as dean at LBS for barely 16 months. Coming to LBS from management consulting firm Bain and Co., where he had worked for almost 25 years, he was only the second non-academic to hold the post, according to the FT report. Likierman had served as acting LBS dean prior to Buchanan’s appointment and as the founder director of the executive MBA programme. “He was a popular choice to take over the dean’s job with both faculty and staff when Mr Buchanan moved into the newly-created role of president,” according to the FT. Quoting an LBS spokesperson, the FT reported that the school plans to consider the future role of president, which was created just over seven months ago, over the course of the next few months. To learn more, click here.
Thursday, August 06, 2009 London Business School, Stanford, INSEAD Top 2009 Forbes ROI MBA Rankings Forbes has released its biennial ranking of top business schools as measured by return on investment graduates achieve after five years, with London Business School (LBS), Stanford Graduate School of Business and INSEAD topping the lists. To compile the survey, alumni from top business schools were asked to share their pre-MBA salaries and compensation for three of the first five years of work after obtaining their degrees. Taking into account opportunity costs (tuition and salary lost while in school), adjusting for cost-of-living expenses and discounting earnings gains, Forbes ranked programs based on overall ROI divided into three distinct tables: U.S. programs, non-U.S. one-year programs and non-U.S. two-year programs. LBS, which ranked number two among non-U.S. two-year programs in the 2007 rankings, sidled back up into the number one spot this year, which it also held in 2005. “I am delighted that we have re-claimed the number one position in this ranking,” said Sabine Vinck, LBS associate dean of degree programs, in a statement. “This result demonstrates that London Business School offers excellent return on investment and that our alumni compensation levels post-graduation are among the highest in the world,” Vinck added. Stanford, too, reclaimed the number one spot this year on the U.S. programs list, having also slipped to second in the 2007 rankings. According to the Forbes report, Stanford graduates from the class of 2004 – now five years out from graduation – had a median salary of $82,000 before entering school, made a $235,000 investment on average on an MBA, and report a median salary of $225,000 five years out, which shows a typical cumulative gain of $85,000. Overall, Forbes found that graduates of the five top-ranked MBA programs in its survey typically make more than $200,000 once they’re five years out of school but that rising tuitions and higher pre-MBA salaries mean it’s taking longer for them to get a solid payback on their investment. For a full breakdown of the rankings, click here. The rankings issue of Forbes will be on newsstands tomorrow.
Tuesday, July 14, 2009 2009-2010 Versions of Fuqua, Haas, LBS, MIT Sloan, NYU Stern and Ross School Guides Now Available! We’re pleased to announce the release of the 2009-2010 versions of another six of our 18 Clear Admit School Guides, our line of informative reports about the leading business schools. The Clear Admit School Guides provide detailed information on all aspects of the student experience at a leading MBA program, and offer a comparison of the schools in such areas as student demographics, curricular structure and employment statistics. Dubbed by readers as the ‘Consumer Reports’ of the b-school universe, the Clear Admit School Guides present an objective view of what each school offers and what makes each unique. Available for immediate purchase and download are the 2009-2010 versions of Fuqua, Haas, London Business School, MIT Sloan, NYU Stern and Ross. Also available are the updated versions of Chicago Booth, Columbia, Harvard, Kellogg, Stanford and Wharton, which were released earlier this month. These titles include the most up-to-date information about the programs, including the latest admissions guidelines, class demographics and placement statistics, and insight into year-by-year trends. More information on the Guides’ contents and the online ordering process is available in the School Guides section of our website. Updated versions of the remaining six School Guide titles (Anderson, Darden, INSEAD, Johnson, Tuck and Yale) are slated for release later this month, so stay tuned to this blog for more details!
Monday, June 29, 2009 London Business School Hosts Global Leadership Summit 2009 General Electric CEO Jeff Immelt and UK Minister for Trade, Investment and Business Lord Davies of Abersoch will deliver keynote addresses today as part of London Business School (LBS)’s Global Leadership Summit 2009. The summit, the school’s sixth annual, is designed to give corporate guests and alumni a forum in which to reflect and debate with leaders on the global downturn. Featuring one of the most prestigious groups of leaders to be gathered on one stage in London this year, the event also will include several interactive panels discussing how businesses can emerge stronger from the economic crisis. As part of one panel, Steven Hester and Anshu Jain, two of the world’s most recognized banking executives, will debate the future of the financial system with key regulators and government representatives. In another, new Unilever CEO Paul Polman will make his first public appearance on a general business platform along with Diageo CEO Paul Walsh. Together, the two will set out their thoughts on world trade. Finally, Sunil Bharti Mittal, leader of India’s largest mobile phone company, will discuss seizing the upside of a downturn. His company is currently operating in a market that is attracting 10 million new customers a month. Senior editors from the Financial Times, the Economist and CNN also will take part in the day’s events, and London Business School faculty Dan Goldstein, Lynda Gratton, Michael Jacobies and Nirmalya Kumar will share their insights as part of a series of “Big Idea” sessions. To follow live comments from today’s summit, visit LBS’s twitter feed at www.twitter.com/londonBS.
Wednesday, April 29, 2009 Wiki Wednesdays: London Business School Interview Reports Welcome to this week’s peek at the Clear Admit Wiki, an online repository for MBA applicants to share their experiences with the admissions process. Since London Business School distributed Round 3 interview invitations recently, we’re revisiting some of their latest candidates’ interview reports shared in the Clear Admit Wiki. A Round 2 candidate faced the following questions from an alumnus: Another alumnus posed several questions to a Round 2 candidate, as the applicant recounted: Thanks for checking out Wiki Wednesdays this week! We’d also like to thank everyone who has shared their experiences with the MBA admissions process and truly strengthened this robust resource for fellow applicants! So, don’t forget to keep sending in your interview reports – or campus visits, school comparisons and application challenges – to wiki@clearadmit.com or to create an account to add your content to the Wiki. Thanks again and best of luck to those still undergoing interviews!
Friday, April 17, 2009 Columbia ODYSSEY, Outrageous Business Plan Competition Winners Announced Following up on two recent blog posts about competitions taking place at Columbia Business School (CBS) in past weeks, we wanted to let you know who won. Top prize in the first competition, a triathalon of business management contests pitting teams from 15 of the world’s top business schools against one another, went to London Business School. Called ODYSSEY, the competition was developed by two CBS students who, at a conference in India just months after the Olympics in Beijing, decided that there needed to be an opportunity for students from schools around the world to exchange ideas and compete on more than a single topic. “Basically, we set out to create an Olympics for MBA students,” explained Peter Novak, MBA ‘09, one of the event’s co-founders. Novak and the event’s other co-founder, Mark Trayling, MBA ’09, identified the ODYSSEY 15, a list of 15 schools deemed to represent the top MBA programs in the United States and around the world. Teams from each of these schools were invited to travel to CBS to participate in ODYSSEY’s three events – the Negotiation, the Pitch and the Case. “Most definitely the international aspect is what really makes it,” said Trayling. “It couldn’t function nationally, international was the real key component,” he continued. The roster of winners reflects this claim. A team from Harvard Business School took second place, and a team from the Indian Institute of Management (Ahmedabad) took third. For Björn Koertner, a member of the winning LBS team, what stood out most about the competition was the opportunity it provided to go head to head with teams from so many other top schools. “There was really a team from all the top 15 business schools in the world,” he said, compared to other competitions that only draw teams from six or seven schools. That they were schools from all over the globe also was critical, he added. “For us this was very important because giving people a global education is one of the core elements of LBS and why most of the students are at LBS,” he said. The speakers the competition drew – including Didier Lombard, chairman and CEO of France Telecom, Orange; Steve Forbes, Forbes chairman and CEO; and Ian Davis, McKinsey & Company managing director – were also a high point, Koertner said. “I don’t know another case competition or b-school competition where you have such a showing of high-level speakers,” he added. Finally, the fact that the competition consisted of three distinct challenges to be completed under very tight time constraints also made it unique, Koertner said. “In other case competitions it’s sufficient to have one superstar on your team who has the ideas, but in this it was necessary that you have a team of five people who are all very good,” he continued. Even though CBS didn’t come out on top, Trayling and Novak were thrilled with how the event turned out. “The students, participants, attendees, companies, speakers – from all aspects it was a great success,” Trayling said. “The question for us now is how to make it even better next year,” he added. Upon winning, the LBS team broke out into a spontaneous performance of “God Save the Queen” on the steps of Columbia’s Low Library. Which country’s anthem will be sung next year remains to be seen. The More Outrageous, the Better The title of Most Outrageous Business Venture went to two ventures this year based on their ambition, innovation, creativity and persuasiveness. The first-place winners were Megan Bordi ’09 and her business partner Nate Altschul for Green Panda Games™ (greenpandagames.com), a safe, free-to-play virtual world and game website for kids and tweens in China, and Joshua Hecht ’10 and business partner Darren Molovinsky for Curtain Call, a program book for Off-Broadway theaters and performing arts venues. Each team won $4,000 to help fund the launch of their businesses. For more on the results of the Outrageous Business Plan Competition, click here.
Tuesday, March 31, 2009 Trivia Tuesday: Hands-on Learning at U. Michigan (Ross) and London Business School In today’s Trivia Tuesday we turn our attention to the signature experiential learning opportunities available at Michigan’s Ross School of Business and the London School of Business. The Multidisciplinary Action Project at Ross is the centerpiece of the first-year curriculum. In the course, student teams are paired with companies in the U.S. and abroad to complete a significant consulting assignment. The teams work for Fortune 500 companies, entrepreneurs and non-profits on projects related to business plan development, human resource planning, marketing, process improvement, growth strategies and more. MAP is designed to provide a capstone experience to the first year, demanding that students draw on the lessons learned across the general management core classes. The faculty and administration believe that the process of working with a team and client to define a project, assemble and analyze needed information, and recommend an action plan is an important experience that builds the leadership skills necessary to identify and solve future problems. Past MAP projects include creating a strategic plan for the Disaster Response Group of Thailand’s Habitat for Humanity, conducting an in-depth competitive analysis for JP Morgan Chase, launching a new product for a subsidiary of Johnson & Johnson, and developing an expansion and growth strategy for Infosys Technologies. Past locations have included local projects in Ann Arbor and Dearborn, Michigan, domestic projects in Denver, Phoenix and Connecticut, and international projects in Ireland, Mexico, Hong Kong and India. At London Business School, second-year students undertake a paid consulting engagement to solve a company’s critical business problem. Teams of two or three students work with a company’s management to determine the project’s scope, deliverables and remuneration. London students have worked with a wide range of companies on the second year project, including NGOs, charities, and the regional offices of multinational corporations like IBM and Nike. Projects have also been wide-ranging, although each involves research and analysis of a concrete business problem. Interim deliverables vary based on the arrangement with the company, but all teams are required to produce a final written report summarizing their findings and suggesting solutions. Students typically negotiate payment from £100 to £300 per workday, although those without relevant industry experience are often willing to accept lower compensation, as are students who work for startups or charities. Most projects extend from two to four months, with students devoting 25-30 working days to the undertaking – all while completing other coursework. For more on the opportunities for hands-on learning at Ross or LBS, or to explore the experiential learning offerings at other leading business schools, be sure to check out the schools’ websites or Academics and Special Programs sections of the Clear Admit School Guides!
Wednesday, March 25, 2009 Wiki Wednesdays: Submit an Interview Report for Berkeley / Haas, Duke/Fuqua, INSEAD or London Business School and Win a $10 Gift Card to iTunes! Welcome to another installment of Wiki Wednesdays, in which we take a closer look at some of the freshest material in the Clear Admit Wiki, an online repository for MBA applicants to share their experiences with the admissions process. This week, we’re setting the spotlight on Berkeley / Haas and NYU / Stern. Before flipping the figurative light switch on, we’d like to remind applicants that, today through next Tuesday, March 31st, every fifth piece of content submitted for the Clear Admit Wiki will receive a $10 iTunes gift card. Plus, between now and next Tuesday, March 31st, the first 15 candidates that submit interview reports for Berkeley / Haas, Duke/Fuqua, INSEAD or London Business School will receive a $10 gift certificate to iTunes! (Please note, to be eligible for a prize, content must be e-mailed to wiki@clearadmit.com.) Blogger RaghuForMBA recently shared his Haas interview with an alumnus: Swinging over to Stern, a recent Round 2 candidate noted the following questions from an adcom member: That closes the curtain on Wiki Wednesdays this week! As always, we’d like to thank everyone who has contributed their experiences with the MBA admissions process. Check in next week for more highlights of the latest additions to the Clear Admit Wiki and, as mentioned above, keep those reports rolling in for a chance to win an iTunes gift card!
Tuesday, March 24, 2009 Fuqua School of Business Launches Masters in Management Degree Duke University’s Fuqua School of Business will launch a new a Masters in Management Studies (MMS) degree program at the end of August, the Financial Times reported last week. Fuqua joins MIT Sloan School of Management and London Business School, which also both have announced that they plan to add MMS programs to their degree offerings. According to the FT report, Fuqua Dean Blair Sheppard anticipates an initial class size of 90 students, though the school could accommodate up to 120. Tuition for the nine-month program will be $38,000, as compared to $90,000 for the two-year daytime MBA program. An online application for the new MMS program will be available in April. Applicants are encouraged to apply by June 15th in order to be eligible for scholarship funding. Mandatory orientation for the program will begin on August 31, 2009, and the initial class will graduate in May 2010. The FT reports that Sheppard believes the timing of the new program’s launch is perfect even amid the current economic crisis because it will offer liberal arts graduates an opportunity to acquire business skills that would widen their recruitment prospects. Sheppard also believes the addition of the program will draw more recruiters to Fuqua, which stands to benefit participants in the school’s traditional MBA program as well. To learn more about the new MIM degree program at Fuqua, click here.
Wednesday, March 18, 2009 Wiki Wednesdays: Submit an Interview Report for Berkeley / Haas, INSEAD, London Business School or NYU / Stern and Win a $10 Gift Card to iTunes! Welcome to this week’s edition of Wiki Wednesdays, in which we take a peek at the latest goings on in the Clear Admit Wiki! We’re taking a closer look at some of the numerous reports that have rolled in for Harvard Business School and Stanford GSB. But first, we’d like to remind applicants that, today through next Tuesday, March 24th, every fifth piece of content submitted for the Clear Admit Wiki will receive a $10 iTunes gift card. Plus, between now and next Tuesday, March 24th, the first 15 candidates that submit interview reports for Berkeley / Haas, INSEAD, London Business School or NYU / Stern will receive a $10 gift certificate to iTunes! (Please note, to be eligible for a prize, content must be e-mailed to wiki@clearadmit.com. Limit: one gift card per person.) Without further ado, here are a few snippets from the freshest reports in the Clear Admit Wiki. Starting with Stanford, one candidate shared the following queries from an alumni: Another Stanford candidate answered the following questions from an alumni during a Round 2 interview: For Harvard Business School, an adcom member posed the following questions to a Round 1 applicant: Thanks for checking out Wiki Wednesdays this week! Be sure to come back next Wednesday for another glimpse of the latest contributions to the Clear Admit Wiki. As always, we’d like to thank everyone who has shared their experiences with the MBA admissions process and truly strengthened this robust resource for fellow applicants! So, don’t forget to keep sending in your interview reports – or campus visits, school comparisons and application challenges – to wiki@clearadmit.com and we’ll be sure to post them to the Wiki. Thanks again and best of luck to those undergoing interviews!
Monday, March 09, 2009 Multimillion Pound Gift from Lonely Planet Founders Establishes Entrepreneurship Chair at London Business School London Business School (LBS) has announced the creation of the Tony and Maureen Wheeler Chair in Entrepreneurship, named for the Lonely Planet Publications co-founders whose generous multimillion pound gift made it possible. The endowed chair has been awarded to Rajesh Chandy, whose research focuses on entrepreneurship and innovation in emerging markets. The establishment of the new entrepreneurship chair reflects the growing popularity of entrepreneurship courses at LBS, where the subject ranks among the three largest on the teaching syllabus. Two entrepreneurship electives – Financing the Entrepreneurship Business (FEP) and Understanding Entrepreneurship Management – have ranked among the top ten most popular electives for the past seven years. Entrepreneurial research also has long been a hallmark of the school. In partnership with Babson College, LBS runs the Global Entrepreneurship Monitor (GEM), one of the largest continuing research activities in the field. Tony Wheeler, a 1972 LBS graduate, praised the school’s leadership in the field, which he and his wife were happy to support through their gift. “Entrepreneurship is the key to wealth creation in much of the world, and no more so than in the emerging economies – countries which were often the focus for Lonely Planet Publications’ early success,” he said. “To know that the focus of Professor Chandy’s work is entrepreneurship in emerging markets is especially gratifying,” he added. Chandy has been a member of the LBS faculty since 2008, prior to which he served on the U.S. Secretary of Commerce Advisory Committee on Measuring Innovation in the 21st Century. “Few activities are as crucial to growth and progress as entrepreneurship and innovation,” Chandy said, adding that the Wheelers’ generosity will allow LBS to develop new ideas to help future generations of entrepreneurs. To learn mor about entrepreneurial studies at LBS, click here.
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ACTIVE CONTENT Clear Admit's Recent Posts
MBA Twitter Index! We've created the MBA Admissions Twitter Index, a directory of applicants, current MBA students and b-schools on Twitter.Wiki MBA Admissions WikiThe Clear Admit Wiki is designed to allow b-school applicants to share their experiences through the application process. You can learn from others' experiences and contribute your own reports to the community. Below are the five most popular pages in the wiki: Wharton Interview Field Reports HBS Interview Field Reports Kellogg Interview Field Reports Chicago Interview Field Reports Columbia Interview Field Reports Discussion Boards BusinessWeek ForumsThe BusinessWeek Discussion Boards are another way to learn about the issues applicants face. Clear Admit hosts the Ask Clear Admit thread, which should help answer your questions. Here is a link to the original interface (for those of you who didn't like the recent upgrade). Also, here are the five most recent discussions taking place in the forum: Clear Admit is a featured expert in the BeatTheGMAT forums, answering questions from applicants across the globe. Feel free to ask us your questions in this forum! Here are the most recent posts: Clear Admit manages the Applying section of the StudyLink MBA discussion boards. Below are the five most recent posts to the GMAT Club message boards.
The student-2-student Discussion Boards are managed by Wharton. Here are the five most recent discussions. School-Hosted Blogs Straight from the source: aggregated posts from students and administration. Below are the seven most recent posts in school-hosted blogs. Individuals' Blogs A selection of the latest updates to MBA blogs compiled by Hella.MBA Applicants Bloggers by School The following are links to bloggers at each of the schools listed.Chicago Columbia Dartmouth / Tuck Duke / Fuqua Harvard Kellogg Michigan MIT / Sloan New York / Stern North Carolina / Chapel Hill Stanford Virginia / Darden Wharton Yale ESADE IESE INSEAD London Business School Community Blogs Bshoolers.comCommunity blog with MBA student and alum contributors. Forté Foundation MBA Diaries Video blog entries posted by women MBA students. Owen Bloggers Independent blog with content by Vanderbilt MBA students. Best of Blogging 2008-2009 Top Ten:
Best of Blogging 2007-2008 Top Ten:
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