Category Archives: General
October 6, 2014
MBA programs place a major emphasis on networking skills with their students and graduates, but a new study written by professors at Harvard Business School, Rotman School of Management, and Kellogg School of Management looks …
MBA programs place a major emphasis on networking skills with their students and graduates, but a new study written by professors at Harvard Business School, Rotman School of Management, and Kellogg School of Management looks at the sometimes negative psychological impact professional networking can have on an individual.
Financial Times covers the study in a recent article, and looks at the issue of how professional networking can make people feel awkward and insincere because it’s perceived as being about career self-interest rather than making friends.
This sense of “moral impurity”, as its labeled by the researchers, prevents people from networking further, says the Rotman School’s Tiziana Casciaro, who is an associate professor of organizational behavior and human resource management.
“[These feelings] really have an impact on someone’s career. Networking is better for people’s development and advancement, this is how you learn the job, acquire knowledge and opportunities. It is important,” Casciaro tells FT.
To break out of the negative mindset toward networking, professionals must remember that cultivating a reciprocal relationship where both parties share knowledge and have mutual respect is a valid and important goal. Be willing to put time into building the relationship, and also be open to discovering new relationships, which may come from the most unlikely of places.
The best way to feel good about professional networking is to give before you get. Become a resource for others: pass on articles that could be helpful, or share employment leads when appropriate.
“If you keep an open mind and see it as an exchange of knowledge it becomes a much less selfish exercise,” Casciaro says, adding that having a genuine curiosity about the person they are talking to will make the networking far more successful.
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October 3, 2014
It seems this year’s incoming MBA students to University of Pennsylvania’s Wharton School are an incredibly entrepreneurial-minded bunch, with 5% coming in with prior entrepreneurship experience, and 23% who say they plan to start their …
It seems this year’s incoming MBA students to University of Pennsylvania’s Wharton School are an incredibly entrepreneurial-minded bunch, with 5% coming in with prior entrepreneurship experience, and 23% who say they plan to start their own company after graduation.
“In addition, 82 students in the Class of 2016 have held significant roles at startups—that’s up from just over 30 last year. So we know they’ve got the startup bug,” writes Nadine Kavanaugh, Associate Director, Wharton Entrepreneurship, on the school’s entrepreneurship blog.
Take at look at the chart below to see how this new class continues to build upon Wharton’s entrepreneurial drive, as compared to the Class of 2015.
With all of the programs, contests, and awards available at Wharton, Kavanaugh says,”We look forward to a lifetime of supporting these dynamic individuals as they pursue the often complex career path of entrepreneurship, whether they launch their first businesses the day before graduation or 25 years after.”
October 1, 2014
Earlier this week, The Atlantic published an in-depth piece exploring the rise of the M.D./MBA degree. It seems there’s been an explosion of joint MD/MBA programs in the United States, growing from six to 65 in …
Earlier this week, The Atlantic published an in-depth piece exploring the rise of the M.D./MBA degree. It seems there’s been an explosion of joint MD/MBA programs in the United States, growing from six to 65 in 20 years, The Atlantic reports, noting that from 2011 and 2012 alone, the number increased by 25%.
In its characteristic exhaustive fashion, The Atlantic looks at the numerous advantages for hospital administrators that have both degrees, because, as one MD/MBA graduate quoted in the piece says, “Many of the greatest challenges in healthcare today are business problems.”
An interesting cultural point mentioned in the article is how differently these two disciplines operate. In medicine, there’s a rigid hierarchy with absolute respect for attending physicians, while in business school, students are taught that the next great idea can come from anyone, no matter their age or professional experience.
It’s a great read, and chock-full of ideas on how merging these two disciplines can greatly benefit today’s complex healthcare industry. I urge anyone considering this dual degree option to check out the article by following the link above.
September 30, 2014
For a third straight year, applications to full-time, two-year MBA programs showed marked growth, according to the 2014 Application Trends Survey, released by the Graduate Management Admission Council. By comparison, the survey reported a flattening …
For a third straight year, applications to full-time, two-year MBA programs showed marked growth, according to the 2014 Application Trends Survey, released by the Graduate Management Admission Council. By comparison, the survey reported a flattening or decrease in applications to other graduate management program types.
The survey also highlighted trends observed in GMAT testing that show a growing number of students seeking to study outside their country of citizenship. These candidates make up a significant portion of the talent pool for many MBA and non-MBA master’s programs and are driving changes in year-on-year application volume globally.
The increasingly global talent pool has been emerging for more than a decade, and has shaped the development of management education — both in where it is growing, as well as the in the mix of programs types offered to meet the needs of global students.
“Viewed in tandem, there is good news for both students and schools in this survey, as well as in our recent Corporate Recruiters Survey [released in May 2014], where 4 out of 5 companies said they planned to hire MBA graduates in 2014,” says Sangeet Chowfla, GMAC president and CEO.
The 2014 Applications Trend Survey found that 61 percent of global full-time two-year MBA programs participating in the survey reported application growth — up from 50 percent of programs in 2013.
Among other findings of the 2014 survey are:
- The percentage of professional MBA programs (part-time, flexible, online, and executive MBA) reporting increased application volume was higher this year than in 2013, however, the majority of programs is not yet experiencing growth.
- Results for 2014 are mixed for the specialized business master’s (non-MBA) programs. Growth in application volume is seen among Master in Marketing and Communications, Master in Information Technology, Master in Management, and Master of Accounting programs. Master of Finance programs are experiencing declining volume for the third year in a row.
- In the United States, 65 percent of full-time two-year MBA programs report receiving more applications from foreign candidates, while demand also continues to improve among domestic candidates (up for 48% of programs in 2014 compared with 22% in 2012).
- The following programs reported a majority of foreign candidates in their applicant pools:
- Master of Finance (82% of applicants)
- Master in Management (73%)
- Master in Marketing and Communications (69%)
- Full-time one-year MBA (56%)
- Full-time two-year MBA (52%)
- Citizens of countries in East and Southeast Asia and Central and South Asia make up the majority of foreign candidates applying to programs in Asia-Pacific, Canada, India, and the United States.
- Programs located in Europe received their largest share of foreign candidates from East and Southeast Asia and from other European countries.
“For schools, the rise over the last three years in two-year applications is welcome. This echoes other research that tells us how highly students value their two-year MBA degrees for the personal, professional and financial advantages it conveys,” says Chofla. “For students, GMAC’s Corporate Recruiters Survey may very well signal a change in hiring from a cost-driven, recession-driven organizational focus, to a growth-driven focus utilizing the skills that MBA programs are designed to develop.”