Tag Archives: Harvard Business School

Harvard Tops Financial Times 2015 Global MBA Ranking

Earlier this week, Financial Times released its 2015 global MBA ranking of the best business schools, and the results showed no surprises—only a shuffling—at the very top. This is the third time in a row …

Earlier this week, Financial Times released its 2015 global MBA ranking of the best business schools, and the results showed no surprises—only a shuffling—at the very top. This is the third time in a row Harvard Business School has taken the crown, and the sixth time since the ranking began in 1999.

Its alumni have the highest average salary three years after graduation, at $179,910 (weighted), nearly doubling their pre-MBA pay. Harvard is among the top schools for career progression and its MBA was the most highly recommended by graduates of other schools.

The ranking is based on surveys of business schools and their 2011 graduates, and the Financial Times methodology involves assessing MBA programs according to the career progression of alumni, the school’s idea generation, and the diversity of students and faculty.

Top Ten Business Schools in FT’s 2015 Global MBA Rankings

  1. Harvard Business School
  2. London Business School
  3. University of Pennsylvania Wharton School
  4. Stanford Graduate School of Business
  5. INSEAD
  6. Columbia Business School
  7. IESE Business School
  8. MIT Sloan School of Management
  9. Chicago Booth School of Business
  10. UC Berkeley Haas School of Business

HBS alumni may top the ranking for salaries, but Wharton’s doctoral program in business has made it the world’s leading research-based business school with the most articles published in the FT45 list of peer-reviewed and practitioner journals, the FT reports.

You can learn more about this year’s results and methodology by checking out the complete Financial Times ranking coverage.

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Round 2 Deadline at Harvard Business School

Today is the Round 2 deadline at Harvard Business School, and Director of MBA Admissions and Financial Aid Dee Leopold updated her blog with a brief re-cap of what will happen. As a reminder, the …

Today is the Round 2 deadline at Harvard Business School, and Director of MBA Admissions and Financial Aid Dee Leopold updated her blog with a brief re-cap of what will happen.

As a reminder, the deadline is at noon EST, and you can expect traffic on the server to be heavy around that time, so don’t panic if it takes time to successfully submit, Leopold urges.

While the deadline for applications and recommenders is officially the same, Leopold explains that the admissions team will keep the system open for a few days to allow recommendations to arrive. Once there is one recommendation letter in the file, the AdCom will begin to review your application.

By mid-day Wednesday, AdCom will have a handle on the size of the Round 2 applicant pool, and Leopold expects her team to have a good idea of when interview invitations will go out.

Off-campus interviews will take place in Shanghai, Tokyo, Dubai, Mumbai, London, Paris, Menlo Park, and New York City, she says.

As soon as we hear additional interview details, we’ll share them here. Good luck HBS applicants!

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MBA Trends at Harvard Business School and Beyond

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First Year HBS Student Debunks 3 Common Preconceptions

People have a lot of preconceived notions about what Harvard Business School is like, much of it good but some of it not so great. I came across an article written by MBA candidate Philip …

People have a lot of preconceived notions about what Harvard Business School is like, much of it good but some of it not so great. I came across an article written by MBA candidate Philip Blackett, which does a bit of HBS myth-busting that I think current and future applicants will appreciate reading.

Myth #1 HBS is Cutthroat

Blackett’s imagination ran wild before he came to Cambridge in August, imagining his future classmates would go out of their way to sabotage the success of their peers. “What I found was the exact opposite,” he writes. “I was most surprised by how tight my 93-person section became and how much we genuinely cared for one another after only a few months.”

This sense of collaboration and closeness extends beyond the section to the whole study body, he adds, noting how touched he felt when fellow students reacted to the Mike Brown and Eric Garner incidents by holding a candlelight vigil. Attending Harvard doesn’t mean you can’t relate to life outside of campus, says Blackett.

Myth #2 You Can’t Learn Finance from Case Studies

He wasn’t the only incoming student feeling apprehensive about learning finance through reading cases. With textbooks and practice problems for reference, Blackett says he was able to learn NPV, dividend growth model and EV/EBITDA valuation multiples just fine.

“These concepts that we learned in finance (and accounting) helped my classmates make better decisions when we put ourselves in the shoes of each case protagonist,” Blackett writes. “This simulation practice will help prepare us for similar decisions to be made once we’re back in the real world with real problems to solve.”

Myth #3 The Only Thing You’ll Learn at Harvard is Leadership

While Harvard Business School is nicknamed the “West Point of Capitalism,” Blackett writes that in addition to leadership skills, he was surprised to discover an unexpected lesson during his first semester.  In these few short months, he has learned a great deal about both time and priority management at HBS.

With something new and exciting to do every day of the week both on and off campus, many incoming students become overwhelmed by FOMO (fear of missing out). “Each day, I had to make tough decisions on which activities to participate in after school, while considering the tradeoffs of each decision,” he writes, knowing full well that managing his commitments will only become more challenging during the two-year program.

Perhaps the best way to learn whether an MBA program is a good fit for you is by finding out how current students and alumni feel about their experience. To read more of Blackett’s thoughts on his HBS journey so far, please follow the link above for the full article.

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HBS Students Fight Stereotypes with Food Bank Fundraiser

What my MBA at Harvard did NOT teach me

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HBS Students Fight Stereotypes with Food Bank Fundraiser

The actions of Ben Edelman, the Harvard Business School professor who landed in the national news this week by quarreling with the manager of a Chinese restaurant about a $4 overcharge, have spurred HBS students …

The actions of Ben Edelman, the Harvard Business School professor who landed in the national news this week by quarreling with the manager of a Chinese restaurant about a $4 overcharge, have spurred HBS students to publicly denounce his behavior.

HBS students often confront the negative stereotype that they are elitist and self-involved. One first-year student felt that Edelman’s behavior only furthered that perception, and he acted quickly to change the tide of public opinion.

Jon Staff and other HBS students decided to launch a campaign asking members of the public to donate $4 – the amount of the Edelman overcharge – to the Greater Boston Food Bank, Boston.com reports.

From the fundraiser homepage:

Negative stereotypes of Harvard and HBS were reinforced by an article in Boston.com about a $4 dispute between an HBS professor and a small business owner. In accordance with our community values, we are calling on all Harvard students to flip the script by donating $4 to provide food for those in need.  All donations will be given to The Greater Boston Food Bank, which will match all donations received before December 31.

“It’s an upsetting article,” Staff told Boston.com. “People here are really amazing and smart and supportive and humble. What Edelman did makes it much harder to make the case that this is an institution full of good people. This one action doesn’t define who we are as a community. Or it shouldn’t.”

Edelman has since apologized for his actions on his website. “I aspire to act with great respect and humility in dealing with others, no matter what the situation. Clearly I failed to do so. I am sorry, and I intend to do better in the future,” he wrote.

As of Thursday morning, the campaign had raised $4,994, with 320 contributors.

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Round 1 Notification at Harvard Business School

In an update to her blog, Dee Leopold, Harvard Business School‘s Director of MBA Admissions and Financial Aid, informed readers that interviewed Round 1 applicants will have a status update on Wednesday, December 10th. At …

In an update to her blog, Dee Leopold, Harvard Business School‘s Director of MBA Admissions and Financial Aid, informed readers that interviewed Round 1 applicants will have a status update on Wednesday, December 10th.

At approximately noon Boston time, you may log in to your application and one of three decisions will appear: denied, waitlisted, or admitted.

Leopold explains that admitted candidates will have immediate access to the prematriculation website, while waitlisted candidates will learn more about timing, updates, etc., and denied applicants will learn about opportunities for “touchpoint” calls.

Good luck to those of you anxiously awaiting Wednesday’s news!

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Harvard Business School MBA Application Essay Tips 2014

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Round 3 Attracts Maverick MBA Applicants

Round three is far and away the most competitive round in MBA admissions. Almost all of the seats have already been filled, and applications submitted this late in the game need to be absolutely amazing…and …

Round three is far and away the most competitive round in MBA admissions. Almost all of the seats have already been filled, and applications submitted this late in the game need to be absolutely amazing…and come with some sort of explanation as to why the candidate waited until the last minute to apply.

One former admissions employee explains that people best suited for this round have a highly unique background that would truly add to the class. Such as, for example, the Olympic gold medalist from Cameroon.

The directors of MBA admissions profiled in a recent Wall Street Journal piece on late-round applicants seem to agree.

“We actually enjoy round three,” Dee Leopold, managing director of MBA admissions and financial aid at Harvard Business School, tells the WSJ. “It takes a certain amount of confidence to apply then. Those applicants march to their own drum, and we would never want to miss them.”

In the past, applicants often applied in Round 3 as a last-ditch effort to get into business school after being dinged by their first-choice schools in Rounds 1 and 2. But Liz Riley Hargrove, associate dean for admissions at Duke University’s Fuqua School of Business, believes times have changed. Fuqua admissions officers look for later-round candidates with backgrounds in Peace Corps service or nonprofit management, among others, she tells the WSJ.

Waiting until the final round has significant drawbacks, including reduced access to merit-based aid, having no choice but to interview on-campus, and missing out on welcome weekends. But this round may be a great time for military veterans, entrepreneurs, and candidates from underrepresented geographic or ethnic group to apply, notes the WSJ.

If you are considering submitting your MBA application in the final round, make sure it is strong on all fronts, and that your story is compelling with a capital C. You just might be that missing element the admissions committee is looking for to spice up the mix.

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 Evaluate in Which Round to Submit Your B-School Application

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