Category Archives: School News

Chicago Booth Receives $20M Gift for Social Sector Innovation

The University of Chicago Booth School of Business has received a $20 million gift from Tandean Rustandy to support expanded research and programming in social innovation and entrepreneurship at the newly named Rustandy Center for Social Sector …

Major gift to Chicago BoothThe University of Chicago Booth School of Business has received a $20 million gift from Tandean Rustandy to support expanded research and programming in social innovation and entrepreneurship at the newly named Rustandy Center for Social Sector Innovation.

Rustandy’s gift comes as the center is developing an increasingly ambitious approach to research that informs best practices in organizations geared toward social impact. It will build upon successful programs such as the John Edwardson, ’72, Social New Venture Challenge, training programs for nonprofit board members, and research that advances social innovation and entrepreneurship.

The Rustandy Center will advance social innovation in five areas:

  • Research on social sector institutions
  • Training and networks for nonprofit board members
  • Development of innovative and experiential curriculum
  • Resources for students and alumni interested in social impact careers
  • Programs related to social entrepreneurship and social venture funding

For Rustandy, the gift offers another opportunity to use his business success to make a positive impact. After completing his undergraduate degree in the U.S. in 1987, Rustandy returned to his native Indonesia and worked in the timber industry. But he left the position after just three years, finding the company’s vision and mission didn’t align with his ideals.

“I don’t believe in companies that just exist to make a profit. A company should also serve and guide people,” says Rustandy, who is a member of the Chicago Booth Council and Booth Global Advisory Board Asia cabinet.

Rustandy is the founder of Jakarta, Indonesia-based PT Arwana Citramulia Tbk, one of the best-performing ceramic tile manufacturing companies in world. His belief in a socially beneficial approach to business was the driving force behind Rustandy’s decision to support the University of Chicago and help advance the future of Chicago Booth’s social impact research and programs.

Serving as a hub at the Booth School of Business for students, alumni, and faculty tackling complex social and environmental problems, the new center builds on the school’s grounding in business fundamentals, experiential learning and research-based insights.

“The Rustandy Center will provide a rigorous setting for students, faculty and colleagues to confront pressing challenges through social enterprise and innovation. The generosity of Tandean Rustandy will help to expand research, training and support in this emerging area for years to come,” President Robert J. Zimmer says.

The center will also work with nonprofit, for-profit and government organizations, serving as a resource for the University community as well as nonprofit leaders, social entrepreneurs and others committed to social impact. The center, previously known as Chicago Booth’s Social Enterprise Initiative, has been renamed in recognition of Rustandy’s generosity and its expanded mission.

“As one of the most successful alumni of our Executive MBA Program in Asia, Tandean was able to apply his Booth MBA education to expanding his already successful business. This most generous commitment from Tandean will secure the future of Booth’s social enterprise activities,” says Doug Skinner, Chicago Booth interim dean and Eric J. Gleacher Distinguished Service Professor of Accounting.

“Our students and alumni are becoming increasingly interested in using their business training to solve social problems, and the Rustandy Center will serve as the venue for all of our efforts in this area.”

Because many organizations focused on solving social and environmental problems lack the necessary resources to address these issues, the Rustandy Center will assist nonprofits to recruit and train effective board members; help students and alumni pursue meaningful careers in the social sector; and share lessons from research and experts.

“I’ve been blessed by God so what I have I need to give back – and I want to give to an institution that can create so much – not just for the U.S. but for all the world. That is why I want to give this gift to the University of Chicago and to Booth,” Rustandy says.

Photo by Heidi Zeiger, courtesy of University of Chicago Booth School of Business

Posted in School News | Tagged , , , , , ,

Harvard Business School’s Fall 2018 Deadlines, Essay Question

Chad Losee, Harvard Business School’s director of MBA admissions and financial aid, took to his blog this week to preview the following MBA application deadlines and essay question for the 2017-18 admissions season. Round 1 Application due: …

successful HBS applicantChad Losee, Harvard Business School’s director of MBA admissions and financial aid, took to his blog this week to preview the following MBA application deadlines and essay question for the 2017-18 admissions season.

Round 1

Application due: September 6, 2017
Decision released: TBA

Round 2

Application due: January 3, 2018
Decision released: TBA

Round 3/2+2

Application due: Early April 2018
Decision released: TBA

Harvard Business School strongly encourages international applicants to apply in rounds one or two to allow sufficient time for visa processing, as well as additional time to work on English fluency.

All applications are due at 12 noon EST on the day of the deadline. If submitted after 12 noon, applications will be considered in the following round.

Essay Question

The essay question will remain the same as last year: As we review your application, what more would you like us to know as we consider your candidacy for the Harvard Business School MBA Program? (no word count limit)

In the past, the HBS admissions team has suggested that applicants watch this video about the Case Method before beginning to write. Note that there is no word limit for this question, but as always, the team stresses that the goal is not to overthink, overcraft, and overwrite. Just answer the question in clear language that anyone outside of your industry would understand.

Applicants will have to answer a written reflection within 24 hours of their interview with an admissions staffer. The new application will go live in early June. For more information, please visit the HBS admissions website.

Image credit: Michael A. Herzog (CC BY-ND 2.0)

Posted in School News | Tagged , , , ,

Darden Adds August Deadline to Future Year Admissions Program

The University of Virginia’s Darden School of Business has added a second deadline for its year-old Future Year Admissions Program designed for exceptional college seniors as well as students who have gone directly from college into …

The University of Virginia’s Darden School of Business has added a second deadline for its year-old Future Year Admissions Program designed for exceptional college seniors as well as students who have gone directly from college into a fifth-year master’s program.

In the video below, Katherine Alford, Senior Associate Director of MBA Admissions at Darden, says that the school added an extra deadline to allow more time to interested students who might not have been able to complete the application during their hectic senior year.

“So all of you seniors who thought you were going to be able to apply but got caught up with graduation, exams, finding a job—you now have three more months to study and prepare for the GMAT or GRE and pull your application together,” Alford says.

With a future offer in hand, Darden believes candidates may be willing to take even greater risks in their career after college, with the added bonus of not having to tackle the business school application process while working full time. In this program, accepted candidates will complete two, three, or four years of professional work experience prior to enrolling.

The final deadline for the Future Year Admissions program for the 2016-17 application cycle is August 1, 2017.  Also, the application fee is waived for all eligible future year applicants.

For more information, consider starting a conversation with Katherine Alford at alfordk@darden.virginia.edu.

Posted in School News | Tagged , , , ,

Emory’s Goizueta School Announces Fall 2018 MBA Application Deadlines

The Goizueta Business School at Emory University has released the following MBA application deadlines for the 2017-2018 admissions season. Round 1 Application due: October 6, 2017 Decision released: December 1, 2017 Round 2* Application due: …

Emory MBA deadlinesThe Goizueta Business School at Emory University has released the following MBA application deadlines for the 2017-2018 admissions season.

Round 1

Application due: October 6, 2017
Decision released: December 1, 2017

Round 2*

Application due: November 17, 2017
Decision released: January 26, 2018

Round 3**

Application due: January 3, 2018
Decision released: March 9, 2018 (domestic and one-year international)/
March 16, 2018 (two-year international)

Round 4

Application due: March 9, 2018
Decision released: rolling (one-year)/May 4, 2018 (two-year)

* Preferred deadline for One-Year MBA applicants, international applicants, and applicants interested in consideration for top named scholarship.
** Final deadline for general merit-based scholarships.

For more information about the Emory MBA program, please visit the Goizueta admissions website.

Posted in General, School News | Tagged , , , , ,

A Sabbatical for Yale SOM Dean Synder

Edward A. Snyder, dean of the Yale School of Management, will go on a sabbatical leave beginning August 1, 2017, the school has announced. During that time he’ll continue to work on strategic projects such …

Yale SOM dean Snyder

Edward A. Snyder, dean of the Yale School of Management, will go on a sabbatical leave beginning August 1, 2017, the school has announced. During that time he’ll continue to work on strategic projects such as the ongoing development of the Global Network for Advanced Management, but he’ll step away from day-to-day management responsibilities for the upcoming school year to pursue a research agenda.

Anjani Jain, currently senior associate dean for the MBA program, will serve as acting dean. David Bach, currently senior associate dean for the executive MBA and global programs, has been promoted to deputy dean and will also take on additional responsibilities.

The website Poets & Quants named Snyder as the 2015 Dean of the Year, an honor only four other business school deans have received. In the announcement, P&Q’s editor-in-chief John A Byrne, wrote, “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,” with Synder at the helm.

In an email to the Yale community, President Peter Salovey wrote, “I am grateful to Dean Snyder, Dean Jain, SOM’s leadership team, and the school’s faculty, students, and staff for their ongoing commitment to advance SOM’s mission and to foster innovative collaborations with our colleagues across campus. I would also like to thank the school’s large number of supporters for their role in making Yale SOM distinctively global among U.S. schools of business and management.”

Posted in School News | Tagged , ,

Yale SOM Fall 2018 MBA Essay Question

Bruce DelMonico, assistant dean of admissions at the Yale School of Management, has previewed the required essay for the Fall 2018 full-time MBA application. It remains unchanged from last year’s prompt. Required Essay Question Describe …

Yale SOM essayBruce DelMonico, assistant dean of admissions at the Yale School of Management, has previewed the required essay for the Fall 2018 full-time MBA application. It remains unchanged from last year’s prompt.

Required Essay Question

Describe the biggest commitment you have ever made. (500 words maximum)

“In asking this question, the Admissions Committee is interested not just in the commitment itself but also in how you approach the commitment and the behaviors that support it,” DelMonico writes.

Yale SOM will continue to maintain the sliding-scale application fee structure this upcoming season, which ties your application fee to your annual compensation.  “The sliding-scale fee helps us attract diverse applicants from all over the world, including those from geographies and industries where compensation tends to be lower,” DelMonico explains.

For more information, please visit the Yale SOM admissions website.

Posted in School News | Tagged , , ,