Category Archives: General
October 4, 2016
Ready4, a Boston-area company that creates test prep apps, has unveiled its second annual rankings of the most desired business schools around the globe. Unlike traditional business school rankings that are based on complex methodology and, in …
Ready4, a Boston-area company that creates test prep apps, has unveiled its second annual rankings of the most desired business schools around the globe. Unlike traditional business school rankings that are based on complex methodology and, in many cases, information self reported by participating schools, Ready4’s rankings represent the voice of current and prospective students and provide unique insight into what schools students most want to attend.
This ranking represents the top schools chosen by 250,000 users of Ready4GMAT app using its “School Matcher” and “Top Picks” functions.
The Top 25 Most Desired Business Schools
3. University of Pennsylvania (Wharton)
4. MIT (Sloan)
5. Indian School of Business
7. London Business School
8. New York University (Stern)
10. University of California Berkeley (Haas)
11. University of Chicago (Booth)
12. Northwestern (Kellogg)
13. Indian Institute of Management
15. Duke (Fuqua)
16. University of Oxford
17. London School of Economics
18. HEC Paris
20. University of Cambridge
21. National University of Singapore
23. SP Jain Institute of Management
24. University of Michigan Ann Arbor (Ross)
25. Dartmouth (Tuck)
Notable observations from this year’s ranking include:
- Harvard Business School and Stanford Graduate School of Business are the top two most desired schools for the second year in a row, while the University of Pennsylvania Wharton School moved up two positions into the third spot, displacing MIT Sloan School of Management, which is now fourth
- University of California Berkeley Haas School of Business made the biggest leap in the Top 10 category, moving up 5 positions (15 in 2015 to 10 in 2016)
- Four schools are new to the list this year: London School of Economics (17), Cornell Johnson Graduate School of Management (19), University of Michigan Ross School of Business (24) and Dartmouth Tuck School of Business (25)
- Five schools fell off the list of the Most Desired Schools in this year’s ranking: Carnegie Mellon Tepper School of Business, University of Cambridge Judge Business School, Boston College, Imperial College London, USC Marshall School of Business
Statistics represent the time period between September 2015 and September 2016, and users were allowed to pick more than one school.
“With more than a million downloads of our test prep apps, Ready4 sits in a unique position to not only understand where students want to pursue their MBA or other business degree, but also to guide them on their journey to find and get into the right program,” says Elad Shoushan, Ready4’s founder and CEO.
“We are in business to ensure that a generation is ready, willing and able to take on the challenges and opportunities of the 21st century economy, and in many cases, that starts with helping match students to their preferred schools and preparing them to get the scores they need to be considered in the admissions process.”
Image credit: ebayink (CC BY-NC-ND 2.0)
September 30, 2016
Nearly two years after breaking ground on its $220 million, state-of-the-art education center known as the Global Hub, Kellogg School of Management has confirmed that the 410,000 square-foot facility is inching toward completion and on track …
Nearly two years after breaking ground on its $220 million, state-of-the-art education center known as the Global Hub, Kellogg School of Management has confirmed that the 410,000 square-foot facility is inching toward completion and on track for an early 2017 inauguration.
The school also reported this week that a gift of $10 million by the Christopher B. Galvin Family Foundation has catapulted Kellogg School of Management’s Transforming Together campaign past $300 million, toward its $350 million goal.
The Galvin gift also pushed Northwestern University past the $3 billion mark in its “We Will” campaign. In honor of his notable contribution, the school will name the Global Hub’s new Design Wing along with a conference center within the wing after the Galvin Family.
“This is an opportunity to give back,” says Christopher B. Galvin ’77, former chairman and CEO of Motorola Inc. “Kellogg played an important role in my career, especially in my post-Motorola investing and business management.” Several members of the Galvin family have also received degrees from Northwestern.
“The Galvin family’s gift is testimony to their profound and lasting commitment to Kellogg ideals,” said Kellogg Dean Sally Blount when announcing the news. “It is an especially fitting tribute that the Design Wing will be named for them. The Galvins are a family of innovators, entrepreneurs, and investors, and the new space will invite tomorrow’s business leaders to work together to solve relevant, real-world issues in new ways. We are so grateful for their support.”
Special features of Kellogg’s new home include flexible classrooms and common spaces that can accommodate any teaching style or requirement. Office layout and locations will promote cross-functional connection and collaboration, and its emphasis on green technology and energy conservation ensures the building’s long-term sustainability and efficiency.
The Global Hub offers many capabilities and amenities, the most unique being the flexibility of its classrooms and communal spaces. Each classroom can become flat, tiered, divided or expanded to meet the varied goals of faculty year after year.
“We designed a building that’s adaptable so that as technology and programs change in the future, the building can adapt with those needs,” said Leann Paul, Kellogg’s lead project manager for the building.
As Dean Blount said at the groundbreaking ceremony, the Global Hub promises to “set a standard for how we teach at Kellogg.” I’m thrilled to see this transformation of the Kellogg campus and cannot wait to visit my alma mater again once the doors officially open.
September 29, 2016
Hey everybody! We’re back with another installment of “Ask the AdCom,” where we share a wide range of tips and advice from admissions team members from a dozen top business schools. Since AdCom members are human, too, we …
Hey everybody! We’re back with another installment of “Ask the AdCom,” where we share a wide range of tips and advice from admissions team members from a dozen top business schools. Since AdCom members are human, too, we know our readers will enjoy seeing a different side of what makes these guys tick.
This fun space is not really about the application process but more about real-life topics, like what’s a good book to read, what mobile apps are amazeballs, what are the can’t-miss courses, and all the fun stuff happening at b-school that makes lifelong memories for students.
So dig in…We hope you enjoy their insights!
Today’s question is: What’s a great place to eat around campus?
Allison Jamison, Admissions Director (Duke University’s Fuqua School of Business), says: There are a ton of great restaurants around Durham! Durham was recently named the Foodie Capital of the South by the New York Post. Depending on your mood, you can enjoy the gourmet eatery Parker & Otis, or a gourmet wood-fired pizza at Pizzeria Toro. If North Carolina barbecue is on your list, don’t miss The Pit – amazing food and a rooftop view of Durham. For Mexican fare, try Nana Tacos, or try Spanish food at Mateo.
Morgan Bernstein, Executive Director of Full-Time MBA Admissions (Berkeley-Haas School of Business), recommends: Chez Panisse, Alice Waters’ famous Berkeley restaurant; Comal for upscale Mexican, great margaritas & an outdoor patio; and Dumpling Express for homemade Shanghai soup dumplings on the go.
Isser Gallogly, Assistant Dean, MBA Admissions (NYU Stern School of Business), just can’t decide, since: NYU Stern is located in the heart of Greenwich Village. You can find every cuisine imaginable just steps from our building.
John Roeder, Assistant Dean Graduate Admissions (SMU Cox School of Business), says: Campisi’s Egyptian Restaurant is a classic Dallas Italian restaurant that dates back to the early 50s. The name is misleading as it has nothing to do with Egyptian food. The story is that when the Campisi family moved into the location near SMU, they spent all of their money on renovations to the space and chose to leave up the sign for the previous tenant “The Egyptian Lounge”. Walking into the place is like stepping back in time to 1950s Dallas. The pizza is amazing and just about every big name in Dallas can be found there at one time or another.
Kelly R. Wilson, Executive Director of Admissions (CMU Tepper School of Business), recommends: The Porch at Schenley Park, and Joe’s hot-dog cart.
Rodrigo Malta, Director of Admissions (UT McCombs School of Business), says: For a casual spot near campus, Torchy’s Tacos or Verts (started by MBA Alums!). There was a nice article on Poets and Quants about Verts earlier in the year.
Melissa Fogerty, Director of Admissions (Yale School of Management), says: We recently welcomed the newest admissions officer to our staff with a lunch at Prime 16 Tap House & Burgers on Temple Street in New Haven, and it’s my new favorite if you plan to do nothing productive for the rest of the day! Their fantastic burger selection covers everything from the Honey Truffle Burger to the Cajun Patty Melt. Finish off your meal with Truffle Parmesan Fries and a draft from their rotating selection of local beers.
Shari Hubert, Associate Dean, MBA Admissions (Georgetown McDonough School of Business), recommends The Tombs – it’s a Georgetown landmark founded by one of our alumni.
Judi Byers, Executive Director of Admissions and Financial Aid (Cornell’s Johnson Graduate School of Management), asked students and alumni for suggestions, and they recommend:
- Peter Su MBA, ’17: Saigon Kitchen, Taste of Thai Express and Haihong
- Sydney Chernish, MBA ’16: For a sit-down meal, I love Aladdin’s Natural Eatery. They serve epic salads and every kind of pasta you can imagine. I also like Collegetown Bagels (CTB), an Ithaca icon that is just a few blocks from Sage Hall, which serves delicious bagel sandwiches.
- Najeen Riazi, MBA ’17: Carriage House Cafe. Not even a contest. Brie-stuffed French toast.
- Daniel Greenhaw, MBA ’16: Coal Yard Cafe and Maxie’s.
Look out for the #AskAdCom in our social media channels, and we’ll see you again next week when we check in to Ask the AdCom where’s a good place to study on campus.
September 22, 2016
Hey everybody! We’re back with our second installment of our new weekly column “Ask the AdCom.” We know MBA applicants love to get information straight from the source, and in this space we’ll be sharing tips and …
Hey everybody! We’re back with our second installment of our new weekly column “Ask the AdCom.” We know MBA applicants love to get information straight from the source, and in this space we’ll be sharing tips and advice from admissions team members from a dozen top business schools.
Since AdCom members are human, too, we thought our readers might enjoy seeing a different side of what makes these guys tick. This fun space is not really about the application process but more about real-life topics, like where’s the best place on campus to eat or study, what are the can’t-miss courses, and all the fun stuff that happens at b-school that makes lifelong memories for students.
We hope you enjoy their insights!
Today’s question is: What’s a good book for b-school student or an aspirant (not a text book)?
Morgan Bernstein, Executive Director of Full-Time MBA Admissions at UC Berkeley Haas School of Business, recommends:
Life is Good – The Book: How to Live with Purpose and Enjoy the Ride, by Bert and John Jacobs, co-founders of the socially conscious lifestyle company/brand Life is Good. The book celebrates the power of optimism, sharing stories and advice for living simpler, happier, and more fulfilling lives. Given the fast-paced (and oftentimes stressful) lives of MBA students, this book provides a welcome and refreshing retreat from the chaos.
John Roeder, Assistant Dean Graduate Admissions at SMU Cox School of Business, recommends:
Texas Got It Right by Sam and Andrew Wyly. While most states are floundering over the last decade, this is an interesting look into Texas history, traits, and policies that have made Texas successful, prosperous and an entrepreneurial powerhouse. After reading this book, aspiring MBAs will have a good idea of why business is booming in the state of Texas and why so many companies are re-locating their corporate Headquarters from the east and west coast.
Texas should be on the radar of any aspiring MBA whether they are choosing to ultimately live in the state or just do business there.
Rodrigo Malta, Director of Admissions at UT McCombs School of Business, says: Crossing the Chasm is a perennial favorite amongst students and professors.
Kelly R. Wilson, Executive Director of Admissions at the CMU Tepper School of Business, recommends: Professor Allan Meltzer’s Why Capitalism?
Melissa Fogerty, Director of Admissions at Yale School of Management and obviously an avid reader, recommends: Prospective MBA students should check out our Yale SOM faculty’s Summer Reading List. This list includes our faculty’s favorite business books, as well as works of fiction, history, and more.
I’ll point out in particular Professor Will Goetzmann’s new book, Money Changes Everything: How Finance Made Civilization Possible, published in 2016 by Princeton University Press, which explores how the development of finance has made the growth of civilizations possible.
As someone who loves to read, I’m looking forward to exploring Goetzmann’s idea of finance as a time machine, which Felix Martin (New York Times Book Review) notes “is a fascinating thesis, brilliantly illuminated by scores of vivid examples, generously illustrated with a wealth of pictures, comprehensive in its geographical and temporal scope, and in my view almost entirely convincing.”
In fiction, I’ll also recommend M.L. Stedman’s New York Times bestselling novel The Light Between Oceans, which I recently read for my book club. I’m looking forward to comparing it to the Derek Cianfrance film starring Rachel Weisz, Alicia Vikander, and Michael Fassbender, which will be out in theaters in September.
Shari Hubert, Associate Dean, MBA Admissions at Georgetown’s McDonough School of Business, also has a long list of recommendations:
The Start Up of You –by Reid Hoffman
Banker to the Poor –by Muhammad Yunus
How to Change the World – by David Bornstein
Zero to One –by Peter Thiel
Conscious Capitalism – by John Mackey and Raj Sisodia
The 10-Day MBA – by Steven Silbiger
The Defining Decade: Why Your Twenties Matter and How to Make the Most of Them (by Meg Jay – there’s also a Ted Talk on this) – This book helps to put into context why individuals pursue their MBA and helps to prepare students for the most transformative and defining period of their lives.
Look out for the #AskAdCom in our social media channels, and we’ll see you again next week when we check in to Ask the AdCom to name a great restaurant around campus!
September 20, 2016
Nearly half (49 percent) of all graduate business programs received more applications in 2016 compared with 2015, according to a global survey report released today by the Graduate Management Admission Council (GMAC). European programs across …
Nearly half (49 percent) of all graduate business programs received more applications in 2016 compared with 2015, according to a global survey report released today by the Graduate Management Admission Council (GMAC).
European programs across the board, plus full-time one-year MBA, executive MBA, and online MBA programs appear to be experiencing stronger application growth, whereas full-time two-year, part-time, and flexible MBA programs worldwide are indicating declines this year.
“Business degrees continue to be one of the most sought-after educational credentials,” said Sangeet Chowfla, president and CEO of GMAC. “With the creation of more tailored business programs such as the Master in Data Analytics, the demand for entrance into business school is spreading across a growing supply of programs. With the competitive landscape changing, applicants have more options from which to choose, creating a mixed picture for business schools today.”
GMAC conducted its 17th annual Application Trends Survey from early June to mid-July 2016. The survey findings are based on a record number of responses from 335 business schools and faculties worldwide representing 872 graduate management programs, including MBA, non-MBA business master’s, and doctoral-level programs.
Participating programs received a combined total of 440,000 applications during the 2016 application cycle. Ninety-three percent of all participating programs report that the applicants this year are similarly or more academically qualified than candidates last year.
Key Findings: Program Application Growth
A key finding within the report reveals that European business programs — which have seen stagnant volumes for several years — are experiencing an influx in applications this year. Sixty-five percent of European programs (across all program types combined) grew their application volumes. Forty-six percent of U.S. programs and 41 percent of programs in East and Southeast Asia grew their application volumes as well.
Further, European full-time one-year MBA programs stand out in this year’s findings — nearly 3 in 4 (74 percent) programs report year-on-year increases. Nearly half of U.S.-based programs (43 percent) and programs in East and Southeast Asia (45 percent) report volume growth in the full-time one-year MBA market.
Additional program types experiencing application gains include the full-time one-year MBA, executive MBA, online MBA, Master of Finance and the Master in Data Analytics.
- A majority of all full-time one-year MBA programs (57 percent) report growing application volumes this year, building on the momentum of last year’s results when 51 percent reported growth.
- For the first time since 2008, a majority (51 percent) of executive MBA programs report growing volumes, 8 percentage points higher than programs that reported growing volumes in 2015.
- For the second consecutive year, a majority (57 percent) of online MBA programs report growing application volumes, up from 50 percent of programs that reported volume growth last year. Survey responses also show that 9 percent of online programs are new in 2017, signaling schools are implementing programs that are of high interest to prospective students.
- Also for the second year in a row, a majority of Master of Finance programs report growing volumes. More than half of the European (65 percent) and U.S.-based programs (55 percent) report growth this year.
- One of the newest programs in the graduate management education space — Master in Data Analytics — continues to see growing demand. Nearly all (94 percent) of the 16 data analytics programs that submitted data comparing 2015 with this year report application volume growth in 2016. The survey also shows program growth in this area as nine new programs will be seating their first classes this year.
- After three years of slowing growth, the Master in Management program holds steady in 2016 with a majority (51 percent) of programs reporting growing application volumes. More European programs (58 percent) report growth compared with half (50 percent) of U.S.-based programs.
Key Findings: Decreasing Volumes for Some Flagship Programs
A select number of program types realized fewer application submissions or held steady with last year.
- For the first time since 2012, fewer than half of full-time two-year MBA programs (43 percent) experienced year-on-year application growth this year. This is the second straight year that the share of programs reporting growth is down from a high of 61 percent in 2014.
- Part-time MBA and flexible MBA programs continue to exhibit the same application volume patterns seen over the past seven years since the end of the Great Recession. This year, just 43 percent of part-time MBA programs and 44 percent of flexible MBA programs report application volume growth.
- Master of Accounting programs continue a trend of declining growth. Less than half (44 percent) of programs experienced rising application volumes in 2016.
Other Points of Interest: Candidate Diversification and Tuition Assistance
Business schools continue to diversify their outreach and recruitment efforts to broaden their appeal to targeted candidate segments. Seventy percent of full-time two-year MBA programs recruit international candidates. These candidates, especially those from China, India and the U.S., also are a priority for outreach and recruitment by a majority of full-time one-year MBA programs and master’s programs in management and finance.
The most common form of tuition assistance that graduate management programs offer is merit scholarships. The majority of all program types offer financial aid, including 78 percent of full-time MBA programs. Two-thirds of programs (68 percent) report that the percentage of their incoming students receiving employer-based tuition reimbursement this year will be similar to 2015.
September 14, 2016
Cornell University’s Samuel Johnson Graduate School of Management and the Weill Cornell Graduate School of Medical Sciences have announced a new dual-degree program that will provide the next generation of health care leaders with a broad set …
Cornell University’s Samuel Johnson Graduate School of Management and the Weill Cornell Graduate School of Medical Sciences have announced a new dual-degree program that will provide the next generation of health care leaders with a broad set of skills for success in a rapidly changing environment.
The program will focus on health care throughout the United States, in particular health care systems that are experiencing vast changes in structure, payment and regulatory requirements.
Designed to satisfy the evolving professional needs of the U.S. health care industry, the program will educate leaders of academic medical centers, community hospitals, large group multi-specialty or single-specialty practices, health insurers, health care consultants, pharmaceutical professionals and health care innovators, among others.
“Succeeding in today’s rapidly changing health care market requires an advanced understanding of business management, health care economics and health care policy,” says Johnson Dean Mark Nelson. “We’ve developed this program to meet these critical needs.”
Students participating in the two-year Executive MBA/M.S. Healthcare Leadership program will receive a Master of Science degree from the Weill Cornell Graduate School of Medical Sciences and an MBA from Johnson.
The program will begin accepting applications in October for fall of 2017. Applicants will be evaluated on their academic record, communication and leadership skills, management experience, career progression, health care area of expertise, experience in research or evaluation, and ethical values in health care.
Strong candidates for the program should be able to clearly articulate their career goals, add a unique perspective to the classroom environment, be willing and able to work effectively in teams and show a demonstrated ability to master quantitative material.
Enrolled students will take all core courses required for each of the degrees and have an opportunity to take specialized electives. Courses will cover such topics as managing and leading organizations, managerial finance, health policy, health informatics and business strategy.
Students will meet in Weill Cornell Medicine facilities in New York City and will participate in two weeklong residential sessions during each of the program’s two years – one in the spring in the New York City area and one on Cornell’s Ithaca campus in the summer.
Students will be required to complete a capstone project intended to help them manage and work with stakeholders in the health care sector. The capstone project is a six-month intensive team engagement with a health care organization facing specific management challenges. At the conclusion of the engagement, the student teams will provide the organizations with a detailed plan recommending strategies for resolving their challenges.
“As our health care landscape continues to evolve, it is increasingly important that we cultivate leaders in the field who can drive national dialogue and spearhead new initiatives in health care policy and delivery,” said Dr. Gary Koretzky, dean of the Weill Cornell Graduate School of Medical Sciences.
“Our unique collaboration with Johnson will equip aspiring health care leaders with a keen grasp of health policy and informatics – specialized skills that will lead to further innovation and ensure that patients receive the finest care at the greatest value.”