Category Archives: General

PepsiCo Chairman, CEO Endows Deanship at Yale SOM

The Yale School of Management is on a hot streak of late: Dean Edward Snyder was named Dean of the Year by Poets and Quants and has been reappointed to a second term; full-time MBA …

The Yale School of Management is on a hot streak of late: Dean Edward Snyder was named Dean of the Year by Poets and Quants and has been reappointed to a second term; full-time MBA application volume is up; and post-graduation salaries rival peer schools such as University of Pennsylvania’s Wharton School.

The SOM has once again made news with the recent announcement that a donation from alumna Indra Nooyi, chairman and CEO of PepsiCo Inc, makes her the most generous alumni donor in the school’s history, and the first woman to endow a deanship at a top business school, the Indra Nooyi Deanship. The amount has not been disclosed.

Indra Nooyi Yale SOM“My gift to this wonderful institution pales in comparison with the gift that Yale gave me — the fundamental understanding that leadership requires an expansive worldview and a deep appreciation of the many points of intersection between business and society,” Nooyi said in a press release.

This gift will establish the Fifth Decade Innovation Fund, so named because the first class entered the business school in 1976 and the SOM now celebrates its 50th year. The fund aims to advance the SOM’s mission of cultivating leaders with a global mindset, and is open to additional contributions that would further develop and support the infrastructure and technology required of future initiatives.

According to a bio statement released by Yale SOM, Nooyi has served as chief executive officer of PepsiCo since 2006, and chairman since 2007. She is the chief architect of Performance with Purpose, the company’s promise to deliver top-tier financial performance over the long term by integrating sustainability into its business strategy and leaving a positive imprint on society.

Snyder, who is the inaugural Indra K. Nooyi Dean, lauded her accomplishments at PepsiCo and said, “Having the deanship named in her honor communicates to the world the school’s model of purposeful and broadminded leadership.”

For more information about Nooyi and this historic gift, please read: PepsiCo Chairman & CEO Indra K. Nooyi ’80 Endows Deanship at Yale School of Management.

Image credit: Penn State (CC BY-NC 2.0)

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Stacy Blackman’s Words of Wisdom Campaign Continues

We’re wrapping up the second week of the Words of Wisdom (WOW) campaign on our social media streams. Have you been following along?  The goal is to galvanize potential MBA candidates with inspirational quotes from …

Cornell advice for MBA applicants

We’re wrapping up the second week of the Words of Wisdom (WOW) campaign on our social media streams. Have you been following along?  The goal is to galvanize potential MBA candidates with inspirational quotes from the top business schools and our educational partners, and the online response has been through the roof!

More than 12 elite MBA programs, and organizations such as Forté Foundation and the MBA Tour, will chime in with their thoughts on topics such as how to conquer the GMAT, solve the thorniest business problems, manage your time, and be true to your values.

Every Friday for the next month, we’ll provide a roundup of these motivational messages here on the blog, but you can see them right away on FacebookTwitter, and Instagram. Use the following hashtags:  #WOW #WordsofWisdom #SBCWOW #MBAinspiration and #BeInspired to check it out each day.

We hope these messages inspire you to make 2016 your best year ever!

  • “Here at @NYUStern, we value IQ + EQ. Embrace your individuality. Don’t hold back,” says Assistant Dean Isser Gallogly, New York University Stern School of Business
  • “Give 100% attention to the task at hand.  The past is over and the future hasn’t arrived.  Focus on the present.” GMAT Genius
  • “Remember to be memorable. Don’t be afraid to reveal and share the true stories that make you unique. Memorable candidates are not forgotten and sharing a highlight from your personal journey makes you stand out from others,” advises Judi Byers, Executive Director of Admissions and Financial Aid, Cornell’s Johnson School of Management
  • “Both the GMAT and the GRE are difficult exams that cover a wide range of topics. Give yourself time to prepare and master the complex academic material,” suggests Paul Siemens, Director of Advantage Testing of Los Angeles
  • “Throughout the admissions process we genuinely want to get to know you. When preparing your essays, make sure you answer the questions asked, but at the same time, don’t overthink your responses. Be authentic!” says Jim Holmen, Director of Admissions at the Indiana University Kelley School of Business
  • “You are the hero of your own story.” Forté Foundation
  • “Be uniquely you. We seek a diverse MBA class and value variety in perspective, experience, outlook and thought,” explains  Kelly R. Wilson, Executive Director of MBA Admissions at Carnegie Mellon Tepper School of Business
  • “Be tenacious, and be goal oriented. This will help you during your GMAT Prep and the entire MBA application process.” The Economist Test Prep
  • “Double check your essays!  Schools want to see that you know how you’ll benefit from the MBA, and also how you’ll enhance the community as a student.  Make sure your essays are specific to each individual school, and that you highlight both parts of the ‘fit’ equation—what you’ll give back as well as what you’ll get from the program,” counsels Allison Jamison, Director of Recruitment at Duke University’s Fuqua School of Business
  • “A detailed plan of action can keep your endeavors on track, but ask someone to hold you accountable.” GMAT Genius

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Stacy Blackman’s Words of Wisdom Campaign

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Sunny Job Outlook for 2016 MBA Grads

The Graduate Management Admission Council (GMAC) has released the findings of its 2015 Year-End Poll of Employers, which reveal solid 2015 hiring numbers and robust 2016 hiring projections that reflect a continued healthy demand for …

The Graduate Management Admission Council (GMAC) has released the findings of its 2015 Year-End Poll of Employers, which reveal solid 2015 hiring numbers and robust 2016 hiring projections that reflect a continued healthy demand for recent graduates of master-level business programs — especially MBAs.

Youre-Hired2Among the survey’s other findings: 96% of responding employers agree that hiring business school graduates creates value for their companies and 68% agree that recruiting graduates of MBA and business master’s programs is a priority in their company’s hiring plans.

“Employer demand for graduate management talent is projected to remain strong in 2016 for MBAs and other master’s-level business candidates,” says Bob Alig, GMAC’s executive vice president for school products. “Recent graduates from business and management programs should see high demand for their skills because employers understand that they are valuable assets to their organizations.”

Findings in this report represent survey responses from 179 recruiters from across 159 companies of varying sizes and industry sectors located in 31 countries or regions worldwide. A majority of the employers participating in this year’s survey indicate that they will be striving towards improving performance and productivity, expanding their customer base, and launching new products and services and less focused on overcoming economic challenges and cutting costs than in recent years.

In addition, 73% of responding employers plan to offer internships to MBA candidates in 2016 — GMAC surveys have indicated that internships remain one of the most successful ways for master’s-level business school graduates to receive job offers. Ninety-two percent of the responding employers that offered MBA internships in 2015 plan to increase (26%) or maintain (66%) the number of MBA internship openings in 2016.

These positive developments echo what recent business school graduates say about the value of their degrees. In a September 2015 GMAC poll of recent graduates, a vast majority of alumni from the class of 2015 said their graduate management degree helped prepare them for the job market.

In fact, three to four months after graduation, full-time two-year MBA alumni in the class of 2015 reported an employment rate of 91%– five percentage points greater than the class of 2014 reported in September 2014.

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ROI of an MBA

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Stacy Blackman’s Words of Wisdom Campaign

Earlier this week, we launched a Words of Wisdom (WOW) campaign on our social media streams. Have you seen it yet?  The goal is to galvanize potential MBA candidates with inspirational quotes from the top …

Words of Wisdom campaign

Earlier this week, we launched a Words of Wisdom (WOW) campaign on our social media streams. Have you seen it yet?  The goal is to galvanize potential MBA candidates with inspirational quotes from the top business schools and our educational partners, and we’ve had a tremendous response!

More than 12 elite MBA programs, and organizations such as Forté Foundation and the MBA Tour, will chime in with their thoughts on topics such as how to conquer the GMAT, solve the thorniest business problems, manage your time, and be true to your values.

Every Friday for the next month, we’ll provide a roundup of these motivational messages here on the blog, but you can see them right away on FacebookTwitter, and Instagram. Use the following hashtags:  #WOW #WordsofWisdom #SBCWOW #MBAinspiration and #BeInspired to check it out each day.

We hope these messages inspire you to make 2016 your best year ever!

“We all live by a set of core principles. Make sure that one of yours is to choose graciousness in all that you do.” Mike Rielly,  Assistant Dean, The Berkeley MBA For Executives, UC Berkeley Haas School of Business

“Your best preparation includes learning how to fully engage in your own learning process.” Bara Sapir, CEO/Founder  of  Test Prep NY/SF

“What is happiness? Three things: good health, meaningful work, and love.” Richard Shell, Professor of Legal Studies and Business Ethics  at The Wharton School. Author of numerous books including Springboard: Launching Your Personal Search for Success

 “Research tells us that women tend to opt out of opportunities where they do not feel 100% qualified. The truth is that there is no one ideal MBA candidate profile.  There’s also no one ideal business school. Opt yourself in to this process. Explore a variety of schools, and find which one is the ideal fit for YOU.” Krystal Brooks, Associate Director, Early Career Women at Forté Foundation

“Be a force for intellectual honesty in public discourse — be true to your values, respect the differing values of others, and be willing to change your views in the face of new analysis and evidence.”Professor David Besanko, Kellogg School of Management

“The GMAT is like a first date: first impressions matter, but you must be on the top of your game throughout the entire time.” The Economist Test Prep

“When solving problems, it’s easy to come at them and say ‘I need to fix this.’ Instead, take the time to question the problem itself.” Christina Hachikian, Executive Director, Social Enterprise Initiative, Adjunct Assistant Professor of Strategy, The University of Chicago Booth School of Business.

“Time management is key. Start the application process early, and make sure to plan ahead for any unforeseen delays.” The MBA Tour  

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Yale SOM’s Edward Snyder Named Dean of the Year

Last week, the website Poets & Quants named Edward “Ted” Snyder of Yale School of Management as the 2015 Dean of the Year, an honor only four other business school deans have received. When Synder …

Yale SOM dean Snyder

Last week, the website Poets & Quants named Edward “Ted” Snyder of Yale School of Management as the 2015 Dean of the Year, an honor only four other business school deans have received. When Synder took the helm in July 2011, expectations were sky-high given his previous deanships at the Chicago Booth School of Business and UV Darden School of Business.

“Just four and one-half years into the job at SOM, Snyder has not merely met those high expectations. He has clearly surpassed them,” writes editor-in-chief John A Byrne. “On virtually every single metric of quality—from application volume and average class GMAT scores to MBA rankings and starting compensation for graduates—Yale SOM can boast major improvements.”

During his tenure, Snyder has expanded the SOM’s mission of educating leaders for business and society by further connecting with Yale’s other professional schools, opening ultra modern new facilities, and by greatly expanding its international footprint through the Global Network for Advanced Management.  The Global Network, founded by Snyder in 2012, currently has 28 member schools from all over the world.

Yale SOM

These improvements have certainly caught the attention of prospective MBA candidates. Poets & Quants notes that Yale SOM saw a 24.8% increase in applications last year, and the school has reported a 29% rise in Round 1 applicants this year.

“The biggest increases, however, have come from countries where a global network business school is located,” Byrne writes. “In global network countries, for example, GMAT volume is up 14.6%, but SOM’s applications from those nations are up a whopping 51.6%.”

The SOM’s higher profile and quality of the applicant pool has led to a marked increase in compensation figures as well, with Class of 2015 graduates receiving  a median first-year compensation of $146,480, a 9.1% increase over the previous year’s graduates. ““We are closing the gap with the best best schools on employment,” Snyder tells Poets & Quants.

Byrne concurs, noting that “At that level of pay, SOM is in an MBA sweet spot occupied by Columbia ($146,645), Wharton ($146,303), and Dartmouth Tuck ($146,020).”

There’s little question Yale School of Management will offer Snyder a second five-year term when his first is up in July. As the dean says, “We’re building on the work of many before us and are energized by the school’s mission.”

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Yale SOM Welcomes Diverse MBA Class of 2016

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