Tag Archives: Harvard Business School

Harvard Business School Expands HBX Program Eligibility

Harvard Business School announced this week it will open its online learning platform HBX to students worldwide after two successful trial runs over the past year. Business school website Poets & Quants notes that the …

Harvard Business School announced this week it will open its online learning platform HBX to students worldwide after two successful trial runs over the past year. Business school website Poets & Quants notes that the program will also be available to students admitted to the full-time MBA program in fall 2015.

The HBX CORe program is an online learning initiative that provides a primer on the fundamentals of business with a suite of three integrated courses: Business Analytics, Economics for Managers, and Financial Accounting.

HBX expands to global audience

Bharat N. Anand, Henry R. Byers Professor of Business Administration

Taught by a team of HBS faculty members, the program is designed specifically for rising college sophomores, juniors, and seniors; current and prospective graduates; and those in the first ten years of their careers. Bharat N. Anand, faculty chair of HBX, tells P&Q he expects about 20% of the next incoming class at HBS to take CORe this year to get up to speed on accounting and data and become ready to take advantage of the full campus experience.

“The bulk of the learning experience will now happen through CORe which was designed with these students in mind,” Anand adds. “The genesis of CORe was asking how can we create a wow experience online so they can get up to speed with the basics of data, accounting and economics before they come on campus. we are now closing the loop and giving admitted students the option of taking it in February, April or June.”

Applications are now being accepted for cohorts beginning on April 15 and June 3. The CORe online application process takes less than 30 minutes, and admission is based on individual applications that highlight aptitude and motivation.

The fee for the April cohort is $1,500, while the cost of the June and subsequent cohorts will be $1,800. Need-based financial aid may be available to U.S. citizens currently enrolled in an undergraduate degree program.

Applicants should provide insight as to why they want to participate in the program and what they plan to contribute to the rigorous learning community of which they will be a part. There are no geographic restrictions in the selection process; applicants from around the world are invited to apply, and there are no residency requirements for the entirely online program.

Since applications will be reviewed in the order in which they are received, applying early may improve the likelihood of being admitted.

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MOOCs and the Future of Management Education

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The Technology Lag at HBS

Harvard Business School has rightfully earned its position at the top of many respected MBA rankings, but even Dean Nitin Nohria acknowledges that the school lags behind MIT and Stanford Graduate School of Business where …

Harvard Business School has rightfully earned its position at the top of many respected MBA rankings, but even Dean Nitin Nohria acknowledges that the school lags behind MIT and Stanford Graduate School of Business where tech is concerned, a recent Wall Street Journal article reveals.

The case method of instruction relies on tried-and-true business scenarios, which means students almost always grapple with management conundrums that are at least a few years, if not decades, old.  Even though faculty are at work drafting cases on current digital issues, some students gripe that the cases are practically obsolete by the time they make it into the syllabus, the WSJ found.

Whereas HBS once dominated in preparing students for today’s technology, and in fact was the first business school in the country to require every student to own a personal computer, the school now offers courses in this area only as electives in each individual HBS department.

To help bridge this gap, students and recent graduates think HBS should do more to infuse the core curriculum with greater technological awareness, covering topics such as data analytics in marketing, crowdsourcing, information technology and other digital issues.

Demand for electives in technology management is at an all-time high, with courses completely filled and waitlists long enough to fill additional classes to capacity. Professor Marco Iansiti, who heads the school’s Technology and Operations Management unit, tells the WSJ he’s interested in adding more technology-management content and “winding down a bit on traditional operations management.”

Nick Taranto, a 2010 MBA and co-founder/c0-CEO of an online food delivery startup, tells the WSJ that Harvard Business School did prepare him to run his 300-employee organization.

“But preparing for early-stage product management, customer discovery, user experience, Web design—what’s the difference between HTML, CSS, Java Script—I had no idea,” he says. “I had to learn all of that on my own.”

Visit the Wall Street Journal to learn more about the state of tech at HBS, and how things may change following a planned relocation of the engineering school that will put it right across the street from the business school.

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IT Skills Sorely Lacking in Harvard MBAs

 

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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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Rethinking MBA Rankings

The Truth Behind Three Common MBA Rankings Myths

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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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