Tag Archives: Harvard Business School

Round 3 Myth-Busting by Harvard Business School

Applying to business school in the final round is a tricky proposition, primarily because your application needs to be exceptionally strong to garner one of those oh-so-limited remaining spots. Harvard Business School Director of Admissions …

Applying to business school in the final round is a tricky proposition, primarily because your application needs to be exceptionally strong to garner one of those oh-so-limited remaining spots.

Harvard Business School Director of Admissions and Financial Aid Dee Leopold recently did some myth-busting related to submitting in Round 3, and here’s what she had to say:

1. There are spots available in the final round. Not as many as in Rounds 1 and 2, but keep in mind, there are also fewer applicants in the final round. “Do I think a strong candidate has a fair shot?,” Leopold asks. “Yes.”

2. From the first applicant accepted until the very last, each student has access to the same need-based financial aid.

3. If your Round 3 application is not successful, there’s absolutely no reason you shouldn’t apply again in Round 1 next fall. “Many people in our classroom today were successful re-applicants,” Leopold notes.

4. Round 3 is a great time for 2+2 applicants to apply, as college seniors will have another semester of grades and activities to highlight. “We can be more flexible about the number of 2+2 admits given that we are not worried about a ‘seat being occupied’ for this September,” she explains.

5. Lastly, while there is no Welcome Weekend for Round 3 admits, you will get a chance to see the campus in real time since all the interviews will be held on campus. HBS will be hosting other events on campus in the next few months, including an LGBT Open House, Prospective Students’ Diversity Day, and lunches for prospective women applicants with members of the Women’s Student Association.

Also, a word to future Round 1 applicants: Spring is a great time to plan a campus visit if you want to see the case method in action, as there’s limited availability for visiting a class in the early fall.

The Round 3 deadline at HBS is coming up on April 7th. Good luck to all who are applying!

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Evaluate in Which Round to Submit Your B-School Application

 

 

 

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HBS Alumni Break Record in 2013 with $22M in Donations

Harvard Business School‘s recently released annual report notes, among other achievements, that the school received a record-breaking $22 million in unrestricted current use gifts from former students in 2013. This unrestricted funding was crucial in …

HBS alumni giving

Harvard Business School‘s recently released annual report notes, among other achievements, that the school received a record-breaking $22 million in unrestricted current use gifts from former students in 2013.

This unrestricted funding was crucial in allowing the school to expand entrepreneurship programs at the Harvard i-Lab and to pursue other strategic initiatives without drawing on unrestricted reserves, the report reveals.

In addition to expanding entrepreneurship programming, the donations also helped increase the amount of tuition assistance for MBA students. HBS sets MBA tuition and fees at levels that don’t fully recover annual operating expenses, and the shortfall is offset primarily by income and gifts from alumni and friends of the school.

Roughly half of the school’s student body receives fellowship support, and the average amount of aid per student rose three percent in 2013 to $30,725, more than half of the annual tuition bill. First-year MBA tuition in fiscal 2013 was $53,500—near the midpoint among the seven comparable schools tracked by HBS.

The Harvard Business School Campaign, which launches in April, “aims to find new ways to engage with alumni as it seeks to fulfill the School’s mission of making a difference in the world.”

Noting rising operating costs across the school and lower margins at Harvard Business Press and Executive Education, the school anticipates even greater pressure to grow revenue from gifts and endowment distribution in the coming year.

source: Harvard Business School 2013 Annual Report

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Harvard Business School Offers its First MOOC

Harvard Business School has finally revealed the first subject it will offer as a massive open online course, or MOOC, as they are commonly known. More than 10,000 students have already registered for “Innovating in …

Harvard Business School has finally revealed the first subject it will offer as a massive open online course, or MOOC, as they are commonly known. More than 10,000 students have already registered for “Innovating in Healthcare,” which begins March 31 on HarvardX, the university’s online learning platform.

This course focuses on creating successful global business innovations in health care that can better meet consumer and societal needs. According to the course description, at its end, students should understand how to evaluate opportunities and the elements of viable business models for different kinds of health care innovations.

Bloomberg Businessweek reports it will be the first HarvardX class taught by a dedicated HBS professor, Regina Herzlinger, who was also the first woman to be tenured and chaired at the business school.

A major hurdle of online education—its solitary nature—is one Herzlinger hopes to overcome by integrating something called Project Lever, a “sort of EHarmony for building businesses” into the edX platform.

Project Lever will match students with the best resources for their research projects, and in Herzlinger’s course, students will use Project Lever to connect with classmates whose skills complement theirs, Businessweek explains. Herzlinger’s online students will have to write a business plan in a team of four to seven people connected through Project Lever.

A second major stumbling block in online learning is the attrition rate. Some studies show 95% of students drop out before completing the course. Herzlinger hopes that team-based learning will combat that issue.  “When students are on teams, they become much more committed to both each other and the class,” she says.

Plans are underway for Harvard Business School to launch HBX, its own online learning channel, this spring.

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Weigh Trying a MOOC Before an MBA

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The Basics of Applying to B-School

The Financial Times published an article this week with advice on how to apply for an MBA program, and I contributed a few of my own tips to the piece. For one, I always advise …

The Financial Times published an article this week with advice on how to apply for an MBA program, and I contributed a few of my own tips to the piece. For one, I always advise students to apply to a range of schools, some of which you could consider “sure things”, and one or two “reach” schools.

Much of your list can be determined as you progress through the process. As you become more invested in going to business school, and your story solidifies, you made decide to add additional schools. Once you clarify your goals, you may consider schools that you had never looked at in the past. Similarly, this process may cause you to drop schools.

The FT article has a lot of useful insight regarding the essay component of the MBA application, particularly in light of the dramatic shift that has taken place in this area during the current application cycle.

Several top schools slashed the number of required essays and/or word count, and Harvard Business School made huge headlines when it announced it would only have one essay prompt, and it would be optional. Admissions director David Simpson of London Business School says that applicants have fewer chances to impress, so “What they do write has to be absolutely perfect.”

If you’re just getting started in your MBA application journey and would like to know more about how much time you’ll need to devote to the GMAT or GRE, interview techniques, choosing recommenders or what mistakes to avoid, please check out this great overview article.

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The Do’s and Don’ts of Applying to Business School

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HBS Dean Apologizes for School’s Sexist Attitudes

Earlier this week at an alumnae event in Northern California celebrating 50 years of women at Harvard Business School, dean Nitin Nohria used the opportunity to issue an apology to female students and professors past …

Earlier this week at an alumnae event in Northern California celebrating 50 years of women at Harvard Business School, dean Nitin Nohria used the opportunity to issue an apology to female students and professors past and present for any sexist or offensive behavior they experienced at the revered business school.

Nohria told those in attendance that he knew that female students at Harvard have felt “disrespected, left out, and unloved by the school” at times. “I’m sorry on behalf of the business school,” he told the audience. “The school owed you better, and I promise it will be better.”

One aspect Nohria intends to improve is the number of female protagonists in Harvard case studies from its current 9% to 20% over the next five years. According to John A. Byrne in CNN Money, Harvard-produced case studies make up about 80% of the cases studied at MBA programs around the globe, so this increase, though perhaps viewed as not ambitious enough, would have a considerable ripple effect on the way the majority of graduates view the business world.

Reaction to the apology is mixed, and Slate assistant editor Katy Walden isn’t overly impressed by Nohria’s promises. “This whole mea culpa smacks of gesture and performance: Nohria’s one concrete vow, to teach woman-centered case studies one-fifth of the time, feels underwhelming in a world where we make up one-half of the population,” Walden writes.

Nohria’s remarks may just be a delayed reaction to the New York Times front page story in September on gender equality, or lack thereof, at Harvard Business School. Even so, inclusion measures initiated by the dean with the HBS Class of 2013 have delivered on their promise of improving gender equality. The subject will surely generate future debate, and we’ll be sharing it with our readers here.

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Gender or Social Gap: What’s the Real Issue at HBS?

50 Years Later: Gender Gaps Persists at HBS

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Harvard Tops FT Global MBA Rankings, Again

For the fifth time since 1999, Harvard Business School tops the 2014 Global MBA Ranking published Sunday by the Financial Times. Stanford Graduate School of Business occupies the number-two slot for a second year running,  …

For the fifth time since 1999, Harvard Business School tops the 2014 Global MBA Ranking published Sunday by the Financial Times. Stanford Graduate School of Business occupies the number-two slot for a second year running,  while Wharton School swapped places with London Business School this time around, and Columbia Business School and INSEAD share the fifth place spot.

In fact, seven of the top ten MBA programs are taught in U.S. business schools, but France’s INSEAD (ranked 5th) and Spain’s IESE Business School (ranked 7th) also make the cut. Financial Times calls Yale School of Management a “notable climber” for rising four places to 10th, noting that this is the SOM’s first appearance in the top 10 in seven years.

The ranking also shows the salary of 2010 graduates of elite MBA programs has doubled over the past five years, despite a sluggish global economy. According to the Financial Times survey, 94% say they had achieved the salary increase they were looking for after business school.

Stanford GSB graduates enjoy the highest salaries, averaging $184,000 annually. The second highest salary earners were Harvard graduates, with $178,000. Wharton graduates aren’t far behind though, with salaries averaging $170,000.

The FT says its ranking is based on two surveys of the business schools and their alumni who graduated in 2010. MBA programs are assessed according to the career progression of their alumni, the school’s idea generation and the diversity of students and faculty. Compensation, however, is the most important factor in the ranking and accounts for nearly half of the total weight.

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