Category Archives: School News

Round 2 Updates from Michigan Ross

The Round 2 deadline at Michigan Ross School of Business came and went just over a week ago, and the busy MBA admissions team is already prepared to send out the first wave of interview invitations …

Michigan Ross MBA admissionsThe Round 2 deadline at Michigan Ross School of Business came and went just over a week ago, and the busy MBA admissions team is already prepared to send out the first wave of interview invitations at the end of this week.

Director of MBA Admissions Soojin Kwon updated the admissions blog today to inform R2 applicants of several key updates, and to explain that the second and final wave of invites will go out at the end of January. Whether you receive one early or later is not a reflection on how you “stack up” against other applicants, she assures.

Dates and locations for the team exercise outside of the United States are as follows:

  • Sao Paulo (February 4)
  • New Delhi (February 12)
  • Shanghai (February 16)
  • Tokyo (February 18)

Michigan Ross will invite waitlisted international applicants from Round 1 who have already had their one-on-one interviews to participate in  team exercise in Round 2, Kwon says.

Meanwhile, on-campus interviews will run every Monday and Saturday from February 4 through February 20, and off-campus interviews will take place between January 23 and February 20.

As far as preparing for the interview is concerned, in an October post the director advised applicants to know their resume backwards and forward, and to thoroughly research the school. “Interviewers are proud of their school,” she said, and “Doing your homework on Ross demonstrates interest.”

Prepare to answer common interview questions such as: “Why do you want to get an MBA? Why do you want to do that at Ross? What do you hope to pursue after getting your MBA? Why?”

Your answers should be succinct, enthusiastic, and show that you’re prepared without sounding memorized. “Be authentic,” Kwon advised, but don’t worry too much because, as she adds, “You don’t need to try to ‘impress’ us.”

You may also be interested in:

Michigan Ross Director Calms Common Applicant Concerns

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Snapshot of Darden’s MBA Class of 2016 Employment Report

Students in the University of Virginia Darden School of Business Class of 2016 found a job market eager for their talents, with the most recent graduating class reporting a year-over-year increase in both average base …

Darden MBA essay tipsStudents in the University of Virginia Darden School of Business Class of 2016 found a job market eager for their talents, with the most recent graduating class reporting a year-over-year increase in both average base salary and signing bonus, the school announced last week.

According to the new MBA Employment Report from Darden’s Career Development Center (CDC), graduates of the residential MBA program reported an average base salary of $122,806, up from $119,819 for the Class of 2015, and an average signing bonus of $31,370, up from $29,634 for the previous class.

“It’s validating for everyone at Darden to see this strong employment data,” said Jeff McNish, assistant dean of the CDC. “The annual employment report confirms that Darden helps students build skills and abilities employers demand and, most importantly, students are getting the jobs they want.”

Consulting moved to the top spot for most popular industries for the Class of 2016, attracting 38 percent of graduates, outpacing financial services, which drew 27 percent of graduates. Jobs in the field of technology have grown more popular in recent years, with 17 percent of the Class of 2016 taking technology positions.

The Class of 2016 also saw more international opportunities, with 9 percent of the Class of 2016 taking positions outside of the United States. Consulting, financial services and technology will likely remain leading choices for the next class of Darden graduates, as the three fields remained the top choices for internships for members of the Class of 2017.

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UVA Darden Launches IDEA Course
Interview Tips from the Darden MBA Program

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Ask the AdCom: How Do MBA Students Get Goofy?

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 readbest place to study, where you can find a killer meal near campus, and all the fun stuff happening at b-school that creates those lifelong, cherished memories for MBA students.

We hope you become inspired, too!

Ask the AdCom

Today’s question is: Describe a goofy tradition in your program.

Morgan Bernstein, Executive Director of Full-time MBA Admissions at UC Berkeley Haas School of Business, says: No Shave/No Shame November, a charitable fundraiser where students get creative about embarrassing themselves for a good cause.

Allison Jamison, Admissions Director at Duke University’s Fuqua School of Business, says: Campout!  Students camp out for 36 hours one weekend for a chance to be entered in a lottery to win season basketball tickets.  Fuqua students do campout in style – rented RV’s, dance floors, and BBQs make the weekend a great bonding experience, and at the end of all, you get to watch Duke Basketball!

Shari Hubert, Associate Dean of MBA Admissions at Georgetown’s McDonough School of Business, says: For the Annual Report, students create spoofs/skits of their experiences in the MBA Program and film them. They then rent a movie theater in Virginia and host a movie night to view the videos.

They invite faculty and staff to act in the videos in ways that are both fun and silly, but allow for everyone to make fun of themselves a bit and have a sense of humor about all of the crazy, yet awesome experiences that transpire in business school.

Kelly R. Wilson, Executive Director of Admissions at CMU Tepper School of Business, says: We ring a large, metal bell, donated by a past class, to kick off our weekly social gathering for MBAs, faculty, staff and families.

Judi Byers, Executive Director of Admissions and Financial Aid at Cornell’s Samuel Curtis Johnson Graduate School of Management, asked two recent MBA grads to share their favorites:

  • Sydney Chernish, MBA ’16: Each year we host “Battle of the Brews” where people spend Spring Semester coming up with a home-brewed beer and compete for glory.
  • Daniel Greenhaw, MBA ’16: Taking Cornell’s famous wine class. It’s a semester long foray into wines and some have even gone on to take the first sommelier exam.

John Roeder, Assistant Dean Graduate Admissions at SMU Cox School of Business, says: The annual Cox Cup competition between the 1st and 2nd year classes offers networking opportunities and camaraderie between the classes through competition that involves kickball, paintball, trivia night, flag football, tennis and various community service efforts.

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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 about their famous alumni!

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LBS is Businessweek’s Top-Ranked International Business School

A few weeks ago, Bloomberg Businessweek crowned Harvard Business School as the best MBA program in the United States. This week, Bloomberg has released its 2016 ranking of the best international business schools based on data …

lbs_campus-wiki-commonsA few weeks ago, Bloomberg Businessweek crowned Harvard Business School as the best MBA program in the United States. This week, Bloomberg has released its 2016 ranking of the best international business schools based on data compiled from more than 1,000 recruiters, 15,000 alumni, and 9,000 recent graduates.

Out of 31 International MBA programs, London Business School ranks first, INSEAD is number two and Oxford’s Saïd Business School is number three. The 2015 #1-ranked program, Western-Ivey Business School, fell to tenth place this year.

This year, the United Kingdom—well known for having one of the world’s most desirable MBA markets—dominated the ranking: in addition to LBS grabbing the No. 1 spot, Cambridge and Oxford both ranked in the top five.

Top Ten Best International MBA Programs

  1. London Business School
  2. INSEAD
  3. Oxford’s Said Business School
  4. Cambridge Judge Business School
  5. IESE Business School
  6. IE Business School
  7. IMD
  8. SDA Bocconi
  9. Melbourne Business School
  10. Western Ivey Business School

So what sets apart an international MBA? Student body diversity is one. European business schools, for example, boast a roughly 80 percent non-national ratio, compared to 30 percent at their U.S. counterparts. Whether these programs include class trips to work in emerging economies or offer a cohort with students from numerous different countries, they compete on equal footing with the best North American schools.

Ultimately, you have to choose a program you genuinely connect with. Evaluate qualities like the school fit, culture, location, class size and teaching methodology. Don’t worry about whether you’ll get into “the best MBA program of all.” Just figure out which business school is the best one for you.

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London Business School Tops FT’s 2016 European B-School Ranking

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London Business School Tops FT’s 2016 European B-School Ranking

For the third straight year, London Business School tops the Financial Times‘s overall ranking of the best business schools in Europe, but France’s HEC Paris and INSEAD came in close on its heels. The FT publishes …

LBS tops FT European rankingsFor the third straight year, London Business School tops the Financial Times‘s overall ranking of the best business schools in Europe, but France’s HEC Paris and INSEAD came in close on its heels. The FT publishes five main rankings each year: MBA, Executive MBA, Masters in Management, and the two rankings for executive education. Only schools that take part in all five are eligible for a full score.

Given that this is a relative ranking based on the aggregated performances across five rankings, FT stresses that a good score in one or two does not automatically mean a better placing overall. London Business School performed strongly across all five rankings: its full-time MBA ranked second, and its joint EMBA program with Columbia Business School as well as its customized executive education courses both ranked in fourth place.

One of the main strengths of the LBS programs, notes the FT, is the wide range of students from different countries; more than 90% of its 2015 MBA cohort came from overseas, hailing from about 60 different countries.

In this ranking, INSEAD leads the field for full-time and EMBA programs, while the University of St Gallen in Switzerland is top for MiM. Spain’s IESE Business School and IMD of Switzerland were ranked number one for customized and open-enrollment executive education programs respectively.

2016 Top Ten Best European Business Schools

  1. London Business School
  2. HEC Paris
  3. INSEAD
  4. IE Business School
  5. University of St Gallen
  6. ESADE Business School
  7. SDA Bocconi
  8. IESE Business School
  9. IMD
  10. Rotterdam School of Management

To determine this composite ranking, the Financial Times compiles a significant amount of data from the participating business schools, including average salaries, the increase in salary its graduates receive three years after completing their degree, and the percentage of graduates employed three months after finishing school.

You can read the complete methodology for the FT’s European composite ranking here.

You may also be interested in:

Why US Applicants Should Consider MBA Programs Abroad

Study Abroad: Key to Competing in the International Economy

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Ask the AdCom: Resources for MBA Students with Startup Fever

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 readbest place to study, where you can find a killer meal near campus, and all the fun stuff happening at b-school that creates those lifelong, cherished memories for MBA students.

We hope you become inspired, too!

entrepreneurship at bschool

Today’s question is: What resources are available for student entrepreneurs?

Isser Gallogly, Assistant Dean of MBA Admissions at NYU Stern School of Business: The W.R. Berkley Innovation Lab includes an annual $200K Entrepreneurs Challenge.  This past year, 231 teams comprising more than 800 entrants from 16 schools at NYU competed in one of three challenges: New Venture, Social Venture and Technology Venture.

Melissa Fogerty, Director of Admissions at Yale School of Management: Students from across campus participate in the courses and programs run by our Program on Entrepreneurship, which hosts numerous entrepreneurship electives like Venture Capital & Private Equity Investments, Start-up Founder Practicum (a mechanism for SOM students to work on their start-up ventures for credit), Impact Investing, and New Ventures in Healthcare and the Life Sciences.

Our students also connect with their peers and faculty around Yale through the Yale Entrepreneurial Institute, a campus-wide convening space for entrepreneurs, to start new ventures. This points to one of the huge reasons we put so much energy into engaging with the rest of Yale: it gives our students the opportunity to build diverse teams around meaningful projects, and by doing so, to forge relationships that will benefit them throughout their careers.

Alex Lawrence, Assistant Dean of  MBA Admissions at UCLA Anderson School of Management: The Price Center for Entrepreneurship and Innovation, which includes the Anderson Venture Accelerator, 24 courses involving 20 faculty members, and Entrepreneur Association (student club) presents more than 150 events each year.

Kelly R. Wilson, Executive Director of Admissions at CMU Tepper School of Business: The Swartz Center for Entrepreneurship unites the Tepper School with the world’s top-ranked Computer Science college, acclaimed Engineering and Fine Arts schools, and students, faculty and innovation from across a campus that is acclaimed for its startups, research and new big ideas.

Allison Jamison, Admissions Director at Duke University’s Fuqua School of Business: Fuqua has a very active entrepreneurship community.  The Program 4 Entrepreneurs (P4E) is a great way for those interested in entrepreneurship to gain experience or grow an idea. If you have an idea for a start up, or want to be a part of a start up team, this is the place to start.  We also maintain a network of alumni entrepreneurs at DukeGEN that works with our staff, faculty, students, and alumni to advance entrepreneurial activities.

John Roeder, Assistant Dean Graduate Admissions at SMU Cox School of Business: Since its founding more than three decades ago, the Caruth Institute for Entrepreneurship has continuously developed innovative courses and programs to help students keep pace with the dynamic, rapidly changing field of entrepreneurship. They sponsor the Cox MBA Venture fund, the Southwest Venture Forum, and the Dallas 100 Awards, which is an annual event that identifies and honors the 100 fastest-growing privately held companies in the Dallas area.

Judi Byers, Executive Director of Admissions and Financial Aid at Cornell’s Johnson Graduate School of Management, tapped Najeen Riazi (MBA ’17) for input: Multiple internal resources at Cornell include a university-wide incubator and resource office, support for numerous case competitions, and graduate-level programming. Br Ventures is a seed-stage venture capital fund focused on providing funding to early-stage, high-growth businesses.

BR Consulting offers commercial and strategic consulting to startup companies, helping them bridge the gap between business idea and company growth. BR Microenterprise offers business advising and lending services to needs-based local entrepreneurs. BR Microenterprise is based at Johnson’s Center for Sustainable Global Enterprise in partnership with a local credit union.

BR Advisory assists on getting young companies off on the right legal track. BR Tech Transfer is a continuous business collaboration between our Entrepreneurship and Innovation Institute (EII) and the Cornell Center for Technology Enterprise and Commercialization to help commercialize more Cornell technology faster.

Shari Hubert, Associate Dean of  MBA Admissions at Georgetown’s McDonough School of Business: The Georgetown Entrepreneurship Initiative has created a vibrant community for entrepreneurs both on campus and within the D.C. community. Students can take advantage of Venture Competitions, StartUpHoyas Summer Launch Program, Entrepreneurs Fellows Program, and the 1776 Partnership Incubator in downtown Washington DC, among other offerings.

Morgan Bernstein, Executive Director of Full-Time MBA Admissions at UC Berkeley-Haas School of Business: The Berkeley-Haas Entrepreneurship Program (BHEP), is an umbrella program that supports startups & students interested in entrepreneurship, and also connects them with campus resources such as the SkyDeck accelerator—a joint program of Haas, Berkeley Engineering, and UC Berkeley’s Vice Chancellor for Research Office.

Also, our Dean’s Seed Fund provides funding to qualified startups that involve Haas students, and our start-up events such as LAUNCH and the Global Social Venture Competition give students a chance to pitch their business plans to prospective investors.

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It seems there’s no hotter topic at b-schools today than entrepreneurship, right?  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 about their favorite watering holes near campus!

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