Category Archives: School News
January 19, 2016
The Chicago Booth School of Business has debuted a scholarship program designed to support advanced business education in the nonprofit and government sectors. The new Civic Scholars Program, funded in part by a $4-million gift …
The Chicago Booth School of Business has debuted a scholarship program designed to support advanced business education in the nonprofit and government sectors.
The new Civic Scholars Program, funded in part by a $4-million gift from the Neubauer Family Foundation, will provide full-tuition scholarships every year to Chicago Booth’s Weekend MBA Program for eight professionals working in the nonprofit and government fields.
Known as Neubauer Civic Scholars, students in the program will continue working full-time as they pursue their degrees, allowing them to apply their classroom experiences to their workplaces.
Traditionally the public and nonprofit sectors are underrepresented in MBA programs, but with the Civic Scholars Program, Booth can tap the potential of professionals in these fields. No other world class business school currently offers as comprehensive a program for civic leaders.
“This is an opportunity to strengthen the development of future leaders from the public and nonprofit sectors across the United States, and Booth’s data-driven and collaborative approach will help these professionals drive change within their organizations that has a dynamic impact,” says Joseph Neubauer, MBA ’65.
“The same leadership skills are required to run all enterprises regardless of sector, which is why we are particularly excited to provide this opportunity to those who are the best and brightest in their chosen fields to strengthen the critical business and analytical skills required to run their organizations,” he adds.
The program will bring important voices to the classroom and community by providing broader perspectives on issues such as understanding the role of business in society, the implications of expanding public-private partnerships, and the opportunities for business leaders to engage productively with government and nonprofit organizations.
Neubauer Civic Scholars will be subject to the same curriculum requirements as all students in Booth’s MBA Programs, and ideal candidates will have approximately six to ten years of professional experience when applying to the program.
In addition to the core curriculum, they will have new, experience-based courses designed exclusively for the program that allow them to work in small teams on research and consulting projects for social sector and government organizations, as well as on individual projects at the Civic Scholars’ own organizations.
Additionally, a platform of curricular and extra-curricular programs exclusive to Neubauer Civic Scholars will be developed with the goal of fostering the group’s connections with each other as well as enhancing the educational experience.
The Civic Scholars Program will partner with other Booth research centers such as the Stigler Center for the Study of the Economy and the State, Social Enterprise Initiative, and the Harry Davis Leadership Center, as well as faculty from the University of Chicago’s Harris School of Public Policy, on curricular and co-curricular programming.
“We are very grateful for the pledge from the Neubauer Family Foundation to create the Neubauer Civic Scholarship Fund,” says Booth Dean Sunil Kumar. “This investment will allow Chicago Booth to provide select students from the nonprofit and public sectors the same discipline base and leadership tools we offer to business leaders. In time, this will help the school broaden its impact into these sectors, by building a community of talented and well-trained alumni.”
Image credit: Adam Fagen (CC BY-NC-SA 2.0)
January 14, 2016
“I am delighted that he is willing to continue in this capacity and foster SOM’s continued excellence and prominence on the world stage,” President Peter Salovey announced in a letter to the SOM community.
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 its Leadership Center in Beijing and the Global Network for Advanced Management. The Global Network, founded by Snyder in 2012, currently has 28 member schools from all over the world.
Salovey noted that many members of the Yale SOM community wrote to recommend the dean’s reappointment.
“In reading the comments that so many of you took the time to send me, I was struck anew by the many facets of the dean’s leadership and the abundance of connections he has forged for the school,” Salovey said.
“You wrote of his talent for motivating colleagues, uniting faculty, staff, and students in a strong sense of purpose. You lauded his clear agenda toward transforming SOM into one of the world’s elite business schools. And you spoke of his commitment to Yale SOM’s unique mission to educate leaders for business and society,” he continued.
Snyder began his term as dean of Yale SOM in 2011, and is regarded as the most successful business school dean in the nation, former Yale University President Richard C. Levin said at the time. Prior to accepting the position at Yale SOM, Snyder served as dean of the University of Chicago Booth School of Business and had also held that position at the University of Virginia Darden School of Business. He is an economist with expertise in industrial organization and antitrust economics.
January 11, 2016
On Friday, Harvard Business School‘s director of MBA admissions, Dee Leopold, shared the following details regarding Round 2 interview invitations: Interview invitations will go out in two waves: January 27 and February 3 All candidates …
On Friday, Harvard Business School‘s director of MBA admissions, Dee Leopold, shared the following details regarding Round 2 interview invitations:
- Interview invitations will go out in two waves: January 27 and February 3
- All candidates not being invited to interview will receive notice of their “release” on February 3
- All 2+2 candidates will receive an invitation or be released on February 3
- Interviews will take place between February 11 and March 4
- Campus Interview Days will offer opportunities for class visits, student and faculty panels, and campus tours
- Hub cities this round are:
- London, Paris, Mumbai, Dubai, Tokyo, Menlo Park, and NYC
Our advice here at Stacy Blackman Consulting for anyone interviewing at Harvard Business School is this:
As you prepare for your interview, one of the most important tips to remember is to sound natural—not scripted—during the exchange. Instead of trying to remember and include every last one of your memorized bullet points, focus on succinctly answering only the question at hand.
If you can get from point A to point B in a clear, logical way; maintain an open, friendly, and professional demeanor; dress appropriately; and have an inquisitive attitude about the school and all it has to offer students, you stand a very good chance of coming out of the interview with flying colors.
Good luck, HBS applicants!
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January 7, 2016
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.
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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December 17, 2015
The MBA admissions team at the University of Michigan Ross School of Business started the congratulation calls to accepted Round 1 applicants in the U.S. yesterday, and continues with notifications today to successful international applicants. …
The MBA admissions team at the University of Michigan Ross School of Business started the congratulation calls to accepted Round 1 applicants in the U.S. yesterday, and continues with notifications today to successful international applicants. According to admission’s director Soojin Kwon, all Round 1 decisions will be released tomorrow, December 18th, just after noon EST.
The Round 2 deadline is coming up just after the New Year on January 4, 2016, and Michigan Ross plans to hold Team Exercises in the following international cities in addition to on-campus dates:
- Sao Paulo: January 30
- Mumbai: January 31
- Shanghai: February 4
- Tokyo: February 6
Although the admissions office will be closed from December 24th until January 4th, there are still ways to connect with Ross students and alumni during the winter break. “Over the holidays, students will host informal coffee chats around the world to answer questions about their experience at Ross,” says Kwon, adding, “We encourage you to connect with one to get the non-website, non-admissions staff view of the program.”
Check the Michigan Ross Events page in the coming week for upcoming locations and times.
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December 9, 2015
The Financial Times has published its 2015 ranking of the best business schools in Europe, and London Business School takes the top spot for the second year in a row.
According to the FT, the methodology for creating this ranking is based on the combined performance of Europe’s 85 leading schools across the main rankings published by the FT in 2015: MBA, executive MBA, masters in management and non-degree executive education programs.
Both quality and quantity are required to reach the top. Schools must take part in all four rankings to be eligible for a full score, the media outlet explains, so a school that took part in only one ranking is eligible for one-quarter of the total score, and so on.
The Top Ten Business Schools in Europe
- London Business School
- HEC Paris
- University of St Gallen
- IE Business School
- ESADE Business School
- Universitá Bocconi
- IESE Business School
- Oxford’s Saïd Business School
London Business School, it should be noted, rose from third to first in 2014 by participating in all four rankings for the first time. Professor Sir Andrew Likierman, dean of London Business School, says, “Taking the top spot in this year’s FT ranking of European schools is a great end to an exciting year.”
The methodology used by the Financial Times is unique and rather complicated, so do study the ranking more closely if you’re interested in seeing how each school’s final score is generated.
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