Posted by Clear Admit on April 19, 2012, at 3:00 am
Posted in:  Campus Chronicles , School: Penn / Wharton Welcome back to Campus Chronicles, where we’re serving up the latest news from the writings of current MBA students. This week takes us to Philadelphia and The Wharton Journal, created by students matriculating at The Wharton School.
Six student ventures earned the 2012 Wharton Venture Award (WVA) and $10,000 in funding each after this year’s multi-stage competition. The winning ventures were 1DocWay, an online doctor’s office; AccessMD and Catalogue.com, two ventures submitted by one student that, respectively, seek to directly connect patients to specialists and use visual strategies to provide a super online furniture-buying experience; cloudable.me, a user-friendly online sharing platform; Gold & Twine, a new brand of luxury accessories at mid-market prices; and Grand Round Table; a social networking platform for doctors. The competition included both written submissions and presentations before a panel of Wharton alumni distinguished in the fields of entrepreneurship and venture capital. » Continue reading
Posted by Clear Admit on April 17, 2012, at 2:00 pm
Posted in: School: Penn / Wharton The Wharton School of the University of Pennsylvania last week announced the first winner of its Barry & Marie Lipman Family Prize, a new annual award established by a Wharton alumnus to recognize organizations whose missions are to improve the lives of those less fortunate. The inaugural $100,000 award will go to iDE, a social enterprise that hopes to change the world through toilets.
An international nonprofit that has pioneered innovative, market-based approaches to safe water and sanitation access, iDE was selected from hundreds of organizations worldwide devoted to social impact and creating sustainable solutions to social and economic challenges. iDE began working to bring affordable water filters and sanitary latrines to households in Cambodia, which has only 8 percent rural sanitation coverage, the second worst outside of Africa. iDE has since launched similar projects in Nepal and Bangladesh. » Continue reading
Posted by Clear Admit on April 1, 2012, at 5:05 pm
Posted in: General , GMAT News , MBA News , School: Harvard , School: INSEAD , School: Penn / Wharton Leading MBA Programs to Swap Star Professors
Boston, MA (AP) – Harvard Business School’s Michael Porter is headed to Wharton in exchange for Jeremy Siegel and a professor to be named later. The move follows lackluster seasons for academic awards at both institutions despite massive spending on faculty and standing-room-only crowds in both professors’ classes. Porter, a noted strategy guru and tenured HBS professor will report to Philadelphia immediately, while Wharton’s financial markets expert, Siegel, will pack up and head for Boston. Wharton’s Dean Thomas Robertson offered the following comments: “This is one of those trades where both professors will benefit from a change of scenery. We’re confident that adding Michael to the mix of faculty we have in place will push us over the top.”
INSEAD to Introduce 1-Month MBA Program
Fontainebleau, France (Reuters) – INSEAD business school has introduced a month-long, highly accelerated MBA program beginning in September of 2012. The program, internally dubbed ‘TurboMBA’, manages to compress an entire master’s in business administration into just four weeks of classroom instruction and will require intense commitment from its students due to an around-the-clock schedule. INSEAD is recognized as having brought the short-format MBA into legitimacy with their one-year program many years ago. The school is once again looking to shake things up and innovate: “One of the chief benefits of this intensive short-duration program is that students will save money on lodging, since they will not be permitted to sleep during the course” said INSEAD’s Dean Dipak C. Jain. Red Bull has agreed to sponsor this innovative offering.
Makers of the GMAT® Exam Pull the Plug on Next Generation GMAT
Reston, VA (AP) – In a stunning move that has shaken the business school world to its core, the Graduate Management Admissions Council (GMAC), makers of the GMAT® exam, have abandoned their plans to introduce a new section to the entrance exam. The Next Generation GMAT® exam – originally slated for introduction in June of this year and designed to feature a new ‘Integrated Reasoning’ section – has been placed on hold indefinitely. In an official press release, GMAC officials reasoned: “It just seemed like an awful lot of work to integrate such widespread changes.”
Posted by Clear Admit on March 22, 2012, at 3:00 am
Posted in: Campus Chronicles , School: Penn / Wharton Hello and welcome to Campus Chronicles, our weekly review of b-school events from b-school newspapers. This week, we’re bringing you the latest from The Wharton Journal, created by and serving the MBA students of the Wharton School in Philadelphia.
A recent Q&A revealed upcoming changes to the course allocation system. The interviewers spoke with Professor Gerard P. Cachon, who discussed the new system of single-round course allocation that is currently under consideration. This new system would eliminate the numerous bidding rounds that are now in place and instead ask students to simply report their preferences for courses in one round so that “every student receives the best course schedule the student can afford.” Professor Cachon stated that the goal is to implement the system by the Fall 2013 semester, thereby affecting the Class of 2015 in their first year and the Class of 2014 in their second year. » Continue reading
Posted by Clear Admit on March 21, 2012, at 2:00 pm
Posted in: MBA News , Rankings , School: Berkeley / Haas , School: Chicago , School: Columbia , School: Georgetown , School: Harvard , School: MIT / Sloan , School: Northwestern / Kellogg , School: NYU Stern , School: Penn / Wharton , School: Stanford , School: Yale Our post yesterday about the rosy employment outlook for current MBA grads was drawn in great part from data collected by U.S. News & World Report for its annual ranking of best business schools, released last week. In case you missed it, Harvard Business School and Stanford Graduate School of Business once again tied for first, marking the fourth time in five years those two schools have shared the top spot. Last year, Stanford edged ahead enough to bump HBS down to number two, but no such luck this year.
In a now crowded field, U.S. News has been in the business school rankings business since before most everyone else. Its rankings are based on a weighted average of several indicators, including overall program quality, peer assessments, recruiter assessments, placement success, mean starting salary and bonus, average GMAT score and GPA and more. » Continue reading
Posted by Clear Admit on March 9, 2012, at 2:00 pm
Posted in: EMBA , School: Penn / Wharton , School: UCLA / Anderson Clear Admit co-founder Graham Richmond shared his expertise in graduate management admissions as part of a recent feature story on Executive Masters of Business (EMBA) programs for Delta Airlines’ inflight magazine. Entitled “Next Generation (E)MBA,” the article focuses on the ways in which top business schools are evolving their EMBA programs to remain competitive and relevant for the changing needs of the C-suite in a challenging economy. It appears in the March 2012 issue of Delta Sky Magazine.
“There is definitely a clamoring for more soft skills—more training in ethics, leadership, the touchy-feely stuff people need to master to be successful managers,” Richmond told Delta Sky Mag. “That is now a common theme across graduate management education.” » Continue reading
Welcome to March’s first edition of Wiki Wednesdays, where we highlight MBA interview reports that have recently been added to the Clear Admit Wiki! Round 2 interviews are in full swing now and we’ve received many new interview accounts, including ones from NYU / Stern, UCLA / Anderson, and Stanford GSB. In addition, a Round 2 applicant to Wharton sent in the following interview report:
“I had a phone interview with an AdCom member. She was very friendly and made me feel comfortable. She described the process and told me that a phone interview is equal to an in-person interview. Then she asked me if I had any question about the process.
The interview was straight-forward. 4 behavioral questions + traditional questions.
The questions were (in order)
- Walk me through your resume
- Describe a time when you led a team and it failed
- Describe a time when you managed someone more senior to you
- Describe a time when you managed someone with less experience than you » Continue reading
New York University’s Stern School of Business will now offer an MD/MBA dual degree program with the NYU School of Medicine, enabling students to complete both degrees within five years, the schools announced yesterday. With this new offering, NYU Stern joins business schools at several other top U.S. universities – including Harvard, the University of Pennsylvania, Columbia, Dartmouth, and Duke – which offer similar programs. » Continue reading
Posted by Clear Admit on February 17, 2012, at 2:00 pm
Posted in: EMBA , MBA News , School: Penn / Wharton Last week, the Wharton School of the University of Pennsylvania announced the grand opening of its new West Coast campus home, Wharton | San Francisco. The new larger facility opened February 9th in the Hills Plaza building on San Francisco’s Embarcadero.
The new West Coast campus will be home to Wharton’s growing West Coast MBA for Executives program and new offerings from Wharton Entrepreneurial Programs (WEP). It will also serve as a hub for the school’s international activities and host a range of alumni events and additional school activities. » Continue reading
Posted by Clear Admit on February 2, 2012, at 3:00 am
Posted in: Campus Chronicles , School: Penn / Wharton Welcome to this Wednesday’s Campus Chronicles, where today we scan the latest copy of The Wharton Journal for all the news about MBA students at the Wharton School.
A group of Wharton students has established the First Wharton Latin America Private Equity Competition, to be held this Saturday. With the Private Equity Conference taking place tomorrow, the students wanted “to put a Latin spin on an existing activity,” bringing together Wharton MBA hopefuls and PE funds in Latin America. The judges will be private equity professionals from key U.S. cities and Wharton’s network in Latin America. Teams from Booth, MIT Sloan, Kellogg, Columba, Stanford, London Business School and Harvard Business School will be competing with Wharton students in a two-stage competition: The winner will receive $2,000 and the second place finalist $1,000. » Continue reading
Posted by Clear Admit on February 1, 2012, at 3:00 pm
Posted in: MBA News , School: Penn / Wharton The Wharton School of the University of Pennsylvania announced today that its Future of Advertising (FoA) Program will host its second annual “Tweet Meet” on Super Bowl Sunday, inviting advertising executives, Wharton marketing professors, journalists and students to comment on Super Bowl ads live via Twitter.
New this year, the Tweet Meet will feature panelists rating ads live in four key categories – creative excellence, business impact, societal impact and word of mouth, which is to say how likely the public is to love a given ad and talk about it online and offline. » Continue reading
Posted by Clear Admit on January 30, 2012, at 2:00 pm
Posted in: MBA News , Rankings , School: Columbia , School: Harvard , School: IE , School: IESE , School: INSEAD , School: London Business School , School: MIT / Sloan , School: Penn / Wharton , School: Stanford Stanford Graduate School of Business (GSB) this year tops the Financial Times global ranking of MBA programs, becoming only the fourth institution to do so. Stanford, which for the past 13 years has placed in the top 10, bested previous winners Harvard Business School (HBS), the Wharton School at the University of Pennsylvania and London Business School to take the top spot for the first time.
HBS came in at number two, followed by Wharton at number three. London Business School, meanwhile, fell from joint first to fourth, mirroring a general trend in which U.S. schools fared marginally better than their European counterparts. Falling salaries among alumni from European schools – an impact of the recent economic turmoil in Europe – account in part for this trend, the FT reports. » Continue reading
Welcome back to Campus Chronicles. As student papers have slowed their production due to the winter break, this week’s edition will offer a selection of student perspectives gained through immersion in new places and experiences and over the course of their studies at leading MBA programs.
While The Harbus features letters from several students spending time abroad as part of their FIELD programs, one student admits that he was a “Field 2 Skeptic.” Jehan deFonseka ’12 confesses that he was unconvinced that he would gain an in-depth understanding of the businesses or culture of a country in a week, among other concerns. However, deFonseka’s week spent in Mumbai made him realize that these issues didn’t “[come] to matter much” » Continue reading
Posted by Clear Admit on January 6, 2012, at 1:00 am
Posted in: Interview Tips , Interview: Penn / Wharton , School: Penn / Wharton Welcome to another interview report posted recently to the Clear Admit Wiki, a free resource for MBA admissions applicants to share their experiences from the admissions process. This Round 1 applicant interviewed on-campus with a second-year student.
“The 2nd year student that interviewed me was very friendly and made me feel comfortable. She described the process and told me she would be taking notes, which she would submit to the AdCom.
Her questions were:
- Name a time that you had to manage upward/someone above you. » Continue reading
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