Tag Archives: Harvard Business School
April 9, 2015
Harvard Business School has launched a new initiative to spark interest in graduate management education among college women and recent graduates who may not have previously considered a career in business. According to an article …
Harvard Business School has launched a new initiative to spark interest in graduate management education among college women and recent graduates who may not have previously considered a career in business.
According to an article in The Harvard Crimson, the program—called PEEK—is aimed at women-only colleges such as Wellesely and Barnard as a way to address the under-representation of women at the business school, whose enrollment currently stands at 41 percent.
PEEK will cost $500 per participant, and the program plans to host 70 to 80 rising juniors, seniors, and recent graduates during a weekend in June to familiarize them with the MBA program, the Crimson reports.
Participants will have accommodations on campus, take part in assigned case studies, and meet with faculty, current students, and alumni, explains Director of MBA Admissions and Financial Aid Dee Leopold, who calls the program a way for prospective students “to literally take a peek at what happens in an MBA program.”
The PEEK program is the latest in HBS’ series of efforts to tackle gender equity issues head-on. The school came under intense scrutiny in 2013 as it celebrated 50 years of women at HBS while still grappling with gender inequity and sexism.
In January 2014, Dean Nitin Nohria addressed the subject at an alumnae event, where he apologized to female students and professors past and present for any sexist or offensive behavior they experienced at the business school. In that speech, he said the school owed them better, and promised to make swift changes to address the inequalities that still exist.
There may still be a ways to go, but the PEEK program sounds like a great step in the right direction.
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April 2, 2015
Spurred to action by Harvard Business School‘s MBA satisfaction survey published in February, the University of Pennsylvania’s Wharton School came out with its own poll earlier this week and claims to beat out HBS by …
Spurred to action by Harvard Business School‘s MBA satisfaction survey published in February, the University of Pennsylvania’s Wharton School came out with its own poll earlier this week and claims to beat out HBS by nearly 25%. The question asked of respondents in the original survey was: how likely they would be to recommend an HBS MBA to an interested and qualified friend or colleague. The results garnered HBS a Net Promoter Score (NPS) of 41, on a par with Walgreens or Tracfone. The NPS at Wharton, meanwhile, is 51, right up there with Discover Card.
This scoring system, created by management consultants to measure customer loyalty, subtracts the share of students who were less enthusiastic about the program from those who would strongly recommend it to a friend. People who rate the MBA program 0-6 on a 10-point scale are the “detractors,” while those who give it a 9 or a 10 are considered promoters. Those in the middle are considered passives and therefore aren’t included in the score.
At the time of the Harbus’s anonymous survey publication, 105 students had responded. Over 249 Wharton students filled out an anonymous survey link sent via email blast and Facebook two weeks ago.
According to an article in The Wharton Journal, Wharton’s NPS of 51 was comprised of 61.85% promoters and 10.84% detractors. In the Harbus survey, the MBA program’s NPS of 41 was comprised of 62% promoters and 22% detractors. In other words, the same percentage would recommend the program, but a greater number at HBS had serious gripes about it.
The Wharton article praises the increased satisfaction score with second-years, going from 49 to 53. There’s a conundrum though, in the fact that ‘the people at Wharton’ is simultaneously the top answer for what people like about Wharton, and for what people don’t like about Wharton.
Over at the Harbus, their survey results also indicate people seem to either love or dislike the same things: classmates, classroom learning, career opportunities, and program structure. The Harbus closes its article on a hopeful note, calling the survey “the beginning of an ongoing discussion about the strengths and weaknesses of the MBA program.”
Meanwhile, The Wharton Journal says in their survey wrap-up that the administration is interested in reading the feedback, noting that Deputy Vice Dean Maryellen Lamb responded, “Given the data-driven culture of Wharton, I’m delighted to see our students express their school spirit and pride through a system like NPS.”
March 10, 2015
Stanford Graduate School of Business no longer has to share the limelight at the top of U.S. News & World Report’s latest ranking of Best Business Schools for 2016. The three-way tie last year between …
Stanford Graduate School of Business no longer has to share the limelight at the top of U.S. News & World Report’s latest ranking of Best Business Schools for 2016. The three-way tie last year between Stanford, Harvard Business School and University of Pennsylvania’s Wharton School has been broken, with those schools occupying second and third place, respectively.
Chicago Booth School of Business ranks No. 4, MIT Sloan School of Management takes fifth place, and Northwestern’s Kellogg School of Management ranks No. 6. The top ten is rounded out by UC Berkeley Haas School of Business, Columbia Business School, Dartmouth’s Tuck School of Business, and, coming in at No. 10, UVA Darden School of Business.
The schools making up the top ten remain largely unchanged from last year. NYU Stern School of Business had occupied 10th place in the 2015 ranking, and Darden was at No. 12. NYU Stern is now tied in the No. 11 spot with Michigan Ross School of Business.
#11. Michigan Ross School of Business
#13. (tie) Duke Fuqua School of Business
#13. (tie) Yale School of Management
#15. UCLA Anderson School of Management
#16. Cornell’s Johnson School of Management
#17. UT McCombs School of Business
#18. UNC Kenan-Flagler Business School
#19. Olin Business School at Washington University in St. Louis
#20. CMU Tepper School of Business
The U.S. News rankings are based on a weighted average of several indicators, including overall program quality, peer assessments, recruiter assessments, placement success, starting salary and bonus, average GMAT/GRE score, undergraduate GPA and more.
To compile this year’s rankings, all 464 master’s programs accredited by AACSB International were surveyed in fall 2014 and early 2015. A total of 385 responded, of which 126 provided enough of the data needed to calculate the full-time MBA rankings.
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March 3, 2015
The Harvard innovation lab will soon have a new managing director with the appointment of Jodi Goldstein, who officially assumes her duties in June following the departure of current Managing Director Gordon Jones, the school …
The Harvard innovation lab will soon have a new managing director with the appointment of Jodi Goldstein, who officially assumes her duties in June following the departure of current Managing Director Gordon Jones, the school announced last week.
The i-lab is a university-wide facility that fosters team-based and entrepreneurial activities, and provides a forum for interactions among students, faculty, alumni, and the surrounding community.
Goldstein has been a key member of the i-lab management team since its launch in 2011, and last year she spearheaded the Launch Lab, a business incubator for Harvard alumni that is already demonstrating great potential as a solutions-centered community built on interdisciplinary collaboration.
“We all can be proud of the i-lab’s extraordinary success, beyond what any of us might have imagined when it opened its doors just over four years ago” says Harvard Business School Dean Nitin Nohria, who is the director of the i-lab Advisory Board. “In this next stage of its development, there is no better choice than Jodi to serve as its leader.”
Goldstein holds a B.S. from the University of Vermont and an MBA from Harvard Business School. In addition to being a founder, she has held a variety of roles at General Electric, TA Associates, and multiple startups ranging from product, market, and business development to strategic consulting. She is widely known in the Boston startup ecosystem, having been an entrepreneur and investor in the region for 20 years.
February 24, 2015
Harvard Business School took home a whopping six awards and experienced its best showing ever at the 2015 annual Case Centre Awards, a celebration of excellence in case writing and teaching from across the globe …
Harvard Business School took home a whopping six awards and experienced its best showing ever at the 2015 annual Case Centre Awards, a celebration of excellence in case writing and teaching from across the globe that are now considered the case method community’s annual ‘Oscars.’
Awards for cases are presented for nine management categories plus an Overall Winner Award. Each year, an award is made to recognize an individual who has made an Outstanding Contribution to the Case Method.
David B. Yoffie and Renee Kim of Harvard Business School authored the Overall winning case, Cola Wars Continue: Coke and Pepsi in 2010. “The ‘Cola Wars’ have been a classic competitive dynamic and industry analysis case for three decades,” says Yoffie, who is the Max and Doris Starr Professor of International Business Administration at HBS.
“It is an industry that is easy to understand, but complicated to analyse, which always works well in the classroom. Understanding why this industry has been so profitable for so long makes it stand out,” Yoffie explains.
Debapratim Purkayastha, associate dean at ICFAI Business School in Hyderabad, India, won the Outstanding Contribution to the Case Method award for his innovative and forward-looking commitment to transform case teaching and writing.
“To students, I would like to say that the process of case learning is more important than the results. It’s not just about getting a good grade; it’s about developing the skills you will need in your future career,” says Debapratim.
Case-based sessions are great fun when you are well prepared; and a big drag when you are not. Prepare the cases, participate wholeheartedly in the classroom keeping an open mind, and then spend some time for introspection after the class; you will be surprised by the results, Debapratim advises.
A new award debuted in 2015 for Outstanding Case Teacher, which recognizes an excellent practitioner in the case classroom. This award went to Casey Lichtendahl, associate professor at University of Virginia Darden School of Business. He teaches students how to apply advanced statistical and machine learning techniques to key business problems while immersing them in the world of practical data science.
Two case writing competitions are held each year to find an outstanding first-time case writer, and to identify the best new case written on a ‘hot topic.’ Laurel C. Austin, associate professor at Copenhagen Business School, won the Outstanding New Case Writer competition with the case, UCSD: A Cancer Cluster in the Literature Building? Vlerick Business School professors Steve Muylle and Stijn Viaene won the best ‘hot topic’ case with Hello bank! The Birth of a Mobile Bank.
The Case Centre is a non-profit organization that advances the case method worldwide, sharing knowledge, wisdom and experience to inspire and transform business education across the globe. The Case Centre Awards are in their 25th year and have been awarded on a global basis since 2011.
February 23, 2015
This post originally appeared on Stacy’s “Strictly Business” MBA Blog on U.S.News.com Round three is the most competitive one at most business schools, since the vast majority of acceptances happen in the first two rounds. …
This post originally appeared on Stacy’s “Strictly Business” MBA Blog on U.S.News.com
Round three is the most competitive one at most business schools, since the vast majority of acceptances happen in the first two rounds. If you weren’t able to apply earlier because you were busy studying for the GMAT, dealing with a family crisis or completing an all-consuming work project, you’ve got to bring your A-game if you hope to land a seat at the end of the admissions cycle.
With fewer slots available, fine-tune your focus on schools where you’ll be a compelling candidate. A strong, well-thought-out application is critical. Make sure your academic profile aligns with the school’s median GMAT and average GPA and that you add something special to the class that the admissions committee didn’t see earlier in the season.
Special means unusual work experience, substantial community service, a diverse background, compelling leadership examples, unique or uncommon interests outside of business or entrepreneurial success of some sort.
“We actually enjoy round three,” Dee Leopold, managing director of MBA admissions and financial aid at Harvard Business School, recently told The Wall Street Journal. “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.”
You should definitely use the required or optional MBA admission essays to explain to the admissions committee your reasons for waiting until the third – or final – round to apply. You don’t want anyone to jump to the conclusion that you are using round three as a last-ditch effort to get into business school in the fall after receiving rejections from other schools in earlier rounds.
[Read more about the best round to submit your business school application.]
Applicants who graduated from college more than five years ago should also give serious consideration to applying in round three. While every situation is different, time is of the essence, especially at programs that tend to focus on younger applicants.
Plus, it’s unlikely your candidacy will improve significantly over the next eight months after you’ve already been in the workforce for so long. If this is your situation and all you need to do is put the finishing touches on your materials, go for round three.
It’s worth noting that being admitted to some schools is not as challenging in round three as others. Elite European business school INSEAD has four rounds, and provides options for a January start date in addition to the traditional September intake. This allows later applicants who don’t mind waiting to start school to have a stronger chance at admission.
The University of Cambridge’s Judge Business School has five rounds, and Columbia Business School also offers a January intake for candidates who don’t need an internship between the first and second year.
Finally, it’s important to have a Plan B in case things don’t go your way. You can always apply to a set of schools in round three knowing there is a good chance you will need to reapply to them and add in some new ones next season.
Though the initial rejection may sting, you’ll be in a great position for round one in the fall with your essays, recommendation letters and transcripts already in hand. Or, you may find that the soul searching required for an MBA application sets you on a different path altogether. Perhaps you will decide to make a career switch now and pursue higher education later.
Round three is certainly a gamble, but you just might be that missing element the admissions committee is looking for to spice up the mix.