Tag Archives: Chicago Booth School of Business

New Chicago Booth Scholarships for Nonprofit, Govt. Professionals

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 …

Civic scholars Chicago Booth

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)

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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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B-School Students Can Network Effectively and Economically

The travel and networking experiences that MBA students have at their fingertips is just one of the many amazing benefits of business school. Whether the motive is a tech trek to Silicon Valley, an finance …

The travel and networking experiences that MBA students have at their fingertips is just one of the many amazing benefits of business school. Whether the motive is a tech trek to Silicon Valley, an finance industry conference in New York, or a trip bonding with peers in Belize, these adventures can make quite a dent in a student’s wallet.

A recent article in US News offers some great tips to help b-school students trim some of those expenses by focusing on other, more affordable networking options. And in some cases, the untapped opportunities don’t cost a penny.

networking at business schoolFor example, students can take advantage of networking opportunities set up by the school to get first-year students paired with second years and alumni. “We really try to get the students engaged with the second-year class first, because that’s zero cost,” Emily Anderson, director of the career management center at the Owen Graduate School of Management at Vanderbilt University, tells US News.

Anderson also notes that at Owen, second-year students help facilitate a practice career fair, which lets first-year MBA candidates sharpen their networking skills while learning about various careers.

Another great tip is to help run a conference in the industry you’re interested in.  Working behind the scenes offers greater access to the speakers or session leaders of the event,  allowing you to forge stronger connections than the conference attendees collecting business cards at the cocktail reception, according to one Chicago Booth School of Business MBA featured in the article.

And don’t underestimate the networking power of a school sweatshirt—you never know what conversations it may spark and doors it may open. Anderson tells US News, “You want to draw people into conversations as much as possible.”

Despite the sometimes exorbitant cost, most MBA students find significant value in these travel and networking experiences, which can lead to employment offers and internships thanks to a school-sponsored trip.

Students must decide for themselves what is financially feasible, but there’s much to be gained from making strong connections with your classmates, and there’s almost no better place to do so than outside the classroom.

You may also be interested in:
Economist Ranks MBA Programs for Networking Potential

Image credit: Flickr user Richard Foster  (CC BY-SA 2.0)

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7 Podcasts to Feed Your Mind This Thanksgiving Weekend

When you finally emerge from your Tryptophan coma this Thanksgiving weekend and have a hankering for some food for thought, check out these illuminating B-school podcasts that cover entrepreneurship, creativity, leadership and marketing tactics. Professor …

When you finally emerge from your Tryptophan coma this Thanksgiving weekend and have a hankering for some food for thought, check out these illuminating B-school podcasts that cover entrepreneurship, creativity, leadership and marketing tactics.

MBA podcasts

Professor Dorie Clark at Duke University’s Fuqua School of Business talks about what it takes to succeed in business today. Whether you’re an entrepreneur or an employee, it’s all about standing out.

From the online publication Kellogg Insight, October’s faculty podcast features two Kellogg School of Management professors and a lecturer about the power of storytelling, as well as their tips to become a better storyteller.

Wendy Huber, Assistant Dean for the Full-Time MBA Program at Darden School of Business offers tips on how to achieve success in business school.

Harvard Business School launched a podcast series this fall called Cold Call, and the episode “Dangerous Mines: Saving Lives Through Leadership” stresses safety in South Africa’s platinum mines.

Brit Morin, founder and CEO of Brit + Co, discusses Inspiring Creativity with Great Content in this podcast from Entrepreneurial Thought Corner at Stanford University.

Nicholas Epley, professor of behavioral science at Chicago Booth School of Business, debunks some dangerous myths about gender differences.

This one falls under the marketing category, but it’s also just really fun and interesting for anyone headed to see “Spectre” this weekend. The Wharton School‘s Knowledge@Wharton publication offers this new podcast: The Spy Whom We Loved: The Enduring Appeal of James Bond.

We hope you enjoy this little bit of brain food and find something useful—and interesting—in each of these suggestions.

Image credit: Flickr user Patrick Breitenbach (CC By 2.0)

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Harvard Business School Crowned No. 1 By Poets & Quants

Poets & Quants released its 2015 MBA ranking this week, and Harvard Business School has reclaimed the title of world’s best business school after rebounding from second place last year. HBS has landed the top …

Harvard Business School ranked number 1

Poets & Quants released its 2015 MBA ranking this week, and Harvard Business School has reclaimed the title of world’s best business school after rebounding from second place last year. HBS has landed the top spot for five of the six years P&Q has published its composite ranking.

The school will continue to have a huge head start in maintaining that lead given its $3 billion endowment, which is three times the size of Stanford Graduate School of Business, its nearest competitor, notes P&Q editor John A. Byrne in Fortune. HBS has already raised more than $860 million toward the school’s $1 billion capital campaign, which still has three years remaining.

No rival beats Harvard in the formidable resources it brings to the game: more superstar professors than any other school, the diversity of its course offerings, the stellar quality of its students, the size and scope of its campus, and the career achievements of its alumni spread all over the world,” writes Byrnes.

Top Ten U.S. MBA Programs

  1. Harvard Business School
  2. Stanford Graduate School of Business
  3. Chicago Booth School of Business
  4. University of Pennsylvania’s Wharton School
  5. Northwestern’s Kellogg School of Management
  6. Columbia Business School
  7. MIT Sloan School of Management
  8. UC Berkeley Haas School of Business
  9. Dartmouth’s Tuck School of Business
  10. Yale School of Management

Top Ten International MBA Programs

  1. INSEAD
  2. London Business School
  3. IESE Business School
  4. IE Business School
  5. HEC Paris
  6. IMD
  7. Cambridge Judge Business School
  8. ESADE
  9. SDA Bocconi
  10. Oxford Saïd Business School

According to Poets & Quants, the lineup of the best U.S. MBA programs combines the five most influential rankings but each is weighted separately to reflect P&Q’s view of their authority: U.S. News & World Report is given a weight of 35%, Forbes 25%, Bloomberg Businessweek 15%, The Financial Times 15%, and The Economist receives a weight of 10%.

“The list is far more stable–and reliable–than most rankings published elsewhere, taking into account a massive wealth of quantitative and qualitative data captured in these major lists, from surveys of corporate recruiters, MBA graduates, deans and faculty publication records to median GPA and GMAT scores of entering students as well as the latest salary and employment statistics of alumni,” Byrne explains.

You may also be interested in:

Columbia’s Dean Hubbard on MBA Rankings
Rethinking MBA Rankings

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Round 1 Reactions to Chicago Booth’s New Photo Essay Question

The Chicago Booth School of Business made a dramatic departure this application season with its innovative essay question based on a series of photographs—applicants must select one picture and explain how it resonates with their …

The Chicago Booth School of Business made a dramatic departure this application season with its innovative essay question based on a series of photographs—applicants must select one picture and explain how it resonates with their own viewpoint on why the Booth community is the right fit for them.

Chicago Booth MBA essayAs Round 1 interviews get underway, associate dean of admissions Kurt Ahlm shares some insight on the Booth Insider blog about how applicants have approached the photo essay.

“The intent of the essay is to get a better feel for who you are, how you think, and the unique impact you bring to the Booth community,” Ahlm explains. “We’ve been really impressed and have seen applicants take a very personal approach with their chosen image, as well as give profound reasons for wanting to be a part of this community.”

The photo is simply a way to contextualize and personalize the response, says Ahlm.

Michael Scichili, a Booth applicant featured in a recent Wall Street Journal article about the trend of unusual MBA essay prompts, said he thought the concept was “a little weird” at first.

He ultimately chose to write about a picture of Cloud Gate, the bean-shaped sculpture in Chicago’s Millennium Park. Scichili told the WSJ his essay focused on how the sculpture “distorts reality a little bit and makes things seem as though they’re not the way they are,” a reminder that in solving business problems, “you have to make sure you’re cognizant of your own bias.”

We’ve advised clients to think strategically about this question and chose a photo which resonates most specifically with them. You have the freedom to express who you are in words, images, graphics or some combination.

If you decide to write an essay response, you have enough space to tell a story that describes something new about yourself. If you decide to prepare a PowerPoint in response to this essay question, refine your story to its key elements.

To keep a visual essay interesting and high-impact, consider how you will format. Can you use photos? Drawings? If you use words, keep them clear and focused. Take every point up a level, so you are communicating a vision rather than a thesis.

The Booth admissions dean says that, “At the end of the day, we are looking for you to bring a new element about yourself into the essay, something that you haven’t already shared in other sections of the application.”

You may also be interested in:

Chicago Booth Debuts Bold New Essay Format

Chicago Booth Fall 2016 MBA Essay Tips

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