Tag Archives: Harvard Business School
April 27, 2016
Late last week, Harvard Business School officially broke ground for Klarman Hall, a new convening center to be constructed on the HBS campus. Expected to open in 2018, Klarman Hall will combine elements of a …
Late last week, Harvard Business School officially broke ground for Klarman Hall, a new convening center to be constructed on the HBS campus. Expected to open in 2018, Klarman Hall will combine elements of a large-scale conference center, a performance space, and an intimate community forum.
Harvard Business School hosts some 700 events a year in which tens of thousands of people from around the world participate in a wide variety of activities, from research conferences to symposia to cultural events. With the addition of Klarman Hall, HBS seeks to convene these key voices to discuss and address the critical issues facing our times.
The building was made possible by a donation from Seth and Beth Klarman. Seth Klarman is president and CEO of The Baupost Group, a Boston-based investment management firm. Beth Klarman is president of the Klarman Family Foundation. Both are members of the School’s Board of Dean’s Advisors.
Klarman Hall is being designed by the Boston-based firm of William Rawn and Associates as a vibrant space with an eye toward flexibility, adaptability, and accessibility
“When you bring together people with talent, vision, and ambition in a space designed specifically to facilitate connections, conversation, and debate, the potential for transformative ideas and action is limitless,” said Seth Klarman.
Image credit: Harvard Business School
April 13, 2016
This post originally appeared on Stacy’s “Strictly Business” MBA Blog on U.S.News.com Business school graduates benefit not only from a solid return on investment through substantial salary increases, but also by deepening the knowledge, skills …
This post originally appeared on Stacy’s “Strictly Business” MBA Blog on U.S.News.com
Business school graduates benefit not only from a solid return on investment through substantial salary increases, but also by deepening the knowledge, skills and abilities they will need for future professional success.
Here are just four of the key career benefits MBA programs can offer.
1. Transferable skills: Business school gives you new skills and knowledge that will turbocharge your career. While MBA students often set their sights on a job in finance or consulting, the hard and soft skills acquired during an MBA program are transferable to myriad other roles. Today, you’ll find an increasing number of MBAs working in tech, health care, consumer goods, government and nonprofits, and many other industries.
The skills typically strengthened during an MBA – leadership, intellectual creativity, analysis and critical thinking, cross-cultural awareness, communication, even greater IT mastery – will serve you well as you find your way toward your ultimate career goal.
You may start out at a financial firm such as Morgan Stanley and learn a tremendous amount about banking and analysis before deciding that it’s not a good fit, as happened with my client, May. She built upon those skills when she eventually became involved with running a business as a gourmet food importer. Once you have a deeper understanding of the complexities of the business world, those problem-solving skills mastered during your MBA will carry over to your next position, and the one after that, too.
2. Higher employment rates: Having an MBA is a powerful tool that can increase job security with your current employer or within your current industry. When the Graduate Management Admission Council released its latest annual poll of employers, it forecasted robust 2016 hiring that reflects high demand for MBA graduates. A whopping 96 percent of responding employers agreed that hiring business school graduates creates value for their companies.
The MBA degree is also a powerful differentiator in a crowded marketplace. Recruiters have said that some of their corporate clients will not consider any candidate without an MBA, which shows just how much business leaders value this qualification. Employers believe it vets potential hires; you can safely assume an MBA graduate from Harvard Business School or the Wharton School at University of Pennsylvania is going to bring considerable skills and business acumen to the job from day one.
Without a doubt, companies appreciate managers who have risen through the ranks, know the business inside and out and can get the job done. But they also like hiring MBAs for their ability to handle complex situations, be nimble and adapt in the face of a rapidly changing global environment. As outsiders, MBA hires can provide a broad or fresh perspective to see how to improve inefficiencies or come up with innovative solutions to business problems.
3. Degree specializations: Most MBA programs offer specializations or concentrations that allow you to do a deep dive into the nuances of a particular industry. These courses provide students with an opportunity to sample a few different industries or career paths to see whether it’s a good fit before taking the plunge.
Adding a concentration to an MBA is a good move for people who know exactly what they want to do with their career and who want to build a stronger skill base in that area. If you already know that you’re interested in something really specific, such as digital marketing, real estate, business analytics, social innovation, health care and so forth, earning an MBA with a concentration can make you even more marketable.
In today’s competitive job market, listing a concentration on your resume helps you stand out. However, if you are a career switcher and still testing the waters, you would be better off focusing on a general business education instead.
4. Networking opportunities: At business school, you’ll interact closely with talented individuals from all over the globe, which enhances the experience by exposing you to different business practices, cultures and points of view.
The connections you make are, for many, the single most valuable aspect of the MBA, so make sure you capitalize on the opportunities in and out of the classroom during your MBA studies. Your alumni network helps you stay connected to the university as well as to countless professional opportunities you can tap into throughout your career.
While the quality of the education at the most elite programs is guaranteed across the board, when you’re spending two years of your life and paying more than $100,000, it’s the network of contacts you build that make your MBA experience truly priceless.
Image credit: e3Learning (CC BY-ND 2.0)
March 25, 2016
A five-month search culminated yesterday with Harvard Business School’s announcement that Chad Losee, Harvard MBA Class of 2013, will be its next Managing Director of MBA Admissions and Financial Aid. Losee will succeed Dee Leopold, …
A five-month search culminated yesterday with Harvard Business School’s announcement that Chad Losee, Harvard MBA Class of 2013, will be its next Managing Director of MBA Admissions and Financial Aid.
Losee will succeed Dee Leopold, who has headed the school’s MBA selection process since 2006. Leopold will remain at HBS as Program Director for 2+2, a deferred admission process for students in college or full-time master’s programs.
After graduating from HBS in 2013 as a Baker Scholar (an academic honor awarded to the top 5% of the graduating class of some 900 students), Losee worked for a year as an HBS Leadership Fellow in the Dean’s Office. In that role, he collaborated with the school’s senior leadership on a range of strategic projects.
One such effort was at HBX, where Losee helped to launch and set strategy for this unique digital learning platform. In particular, he co-led the exam and credential strategy for CORe (Credential of Readiness), which teaches students the fundamentals of accounting, business analytics, and economics for managers.
In addition, he worked with HBS professor Clayton Christensen to develop an HBX course on Disruptive Strategy, an offering designed for executives around the world.
Losee also served as an observer with the HBS Admissions Board, evaluating prospective students during their interviews – an interest that had been piqued during his student days when he was an Admissions Ambassador for his HBS section, helping candidates during their visits to the campus. Losee has remained active as an HBS alumnus, serving a term on the HBS Alumni Board, one of about 70 graduates appointed to provide expertise and input to the School’s leaders.
I am a real believer in Harvard Business School’s mission to educate leaders who make a difference in the world, says Losee.
In 2014, Losee returned to Bain & Company’s Dallas office, where he had worked from 2008 to 2011, including a stint in Stockholm. As a manager at Bain, Losee has led consulting teams in client engagements across multiple industries. He graduated in 2008 from the Honors Program at Brigham Young University, where he earned a bachelor’s degree in international relations summa cum laude.
“I’ve seen firsthand how my classmates, the amazing body of HBS alumni, and the outstanding faculty and staff all strive to shape the world around them for the better,” Losee says.
“The experience of a two-year, full-time MBA at HBS continues to have a great impact on me personally and as a leader. My goal as Dee’s successor is to make sure that each diverse MBA class continues to have a transformative experience at HBS and go on to make a real difference in the world.”
“We are delighted to welcome Chad back to the School and his family back to Boston,” said Jana Pompadur Kierstead, Executive Director of the MBA Program. “He has a deep understanding of HBS and its pedagogy and mission; superb interpersonal, analytical, and strategic skills; and a passion for admissions. That combination of talent and experience positions him well to lead our Admissions and Financial Aid teams.”
Losee will begin his new role in June.
Image credit: Harvard Business School
March 23, 2016
“Focusing on creating flexible, adept leaders is critical for business schools to continue attracting top talent,” says Glenn Hubbard, Dean of Columbia Business School. This underlying sentiment will serve as the foundation for a landmark …
March 17, 2016
To apply or not to apply in the final round, that is the perennial question. Harvard Business School‘s Director of MBA Admissions and Financial Aid, Dee Leopold, recently gave a crystal-clear answer…for college seniors, at …
To apply or not to apply in the final round, that is the perennial question. Harvard Business School‘s Director of MBA Admissions and Financial Aid, Dee Leopold, recently gave a crystal-clear answer…for college seniors, at least.
“If you are a college senior who has the bandwidth to complete an application, I think that you should,” Leopold says, noting that there’s really no downside risk other than missing out on the last weeks of college life to prep for the GMAT or GRE.
“The worst that can happen is that you get turned down to the very small 2+2 Program. Many current students at HBS found themselves in that situation, went out and joined the work world, and reapplied successfully,” she adds.
As for candidates with a few years of work experience under their belts, Leopold acknowledges the third round is more complicated since most of the seats in the Class of 2018 have already been taken and it may be difficult to get a visa.
Despite those potential challenges, the director clears up a few myths that may be keeping qualified candidates from considering Round 3. Contrary to popular wisdom, needs-based financial aid is just as available for last-round applicants as it is for Round 1 admits.
If you do apply and are not successful, rest assured you can reapply in the future with absolutely no negative repercussions.
One plus of Round Three is the quick turnaround time between interview invitations going out and final decisions coming down. Invites will be sent by April 20th at noon, and your fate will be revealed on May 11th.
As always, we at SBC suggest candidates submit only once they feel their application is as strong as possible. If you apply in the final round, do make use of the optional essay to explain why you waited so that the admissions committee doesn’t come to the conclusion that this is just a last-ditch effort after failing to receive an admit at another MBA program in an earlier round.
“We ALWAYS admit people from Round 3,” Leopold says. “And they are always very wonderful.”
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Image credit: Visionello (CC BY-NC 2.0)
March 16, 2016
U.S. News & World Report today released the 2017 Best Graduate Schools rankings, designed to help prospective students research programs across six disciplines and evaluate the potential return on their investment. In the full-time MBA …
U.S. News & World Report today released the 2017 Best Graduate Schools rankings, designed to help prospective students research programs across six disciplines and evaluate the potential return on their investment.
In the full-time MBA rankings, Harvard University is the No. 1 program in the country. The University of Chicago—Booth moves up two places to tie with Stanford Graduate School of Business at No. 2. This is Booth’s highest placement ever in this list, and the first time in seven years that Stanford GSB has been knocked out of the first place ranking held either on its own or tied with another school.
Yale School of Management, meanwhile, has achieved its highest ranking ever on this list, tied for eighth place with Dartmouth’s Tuck School after finishing at No. 13 last year. For anyone wondering what happened to NYU Stern School of Business, which ranks 20th this year, according to a blog post by US News’s rankings guru Bob Morse, it’s because Stern did not provide complete data in time for use in calculating the rankings.
Among part-time MBA programs, the Haas School of Business at the University of California—Berkeley remains No. 1, Chicago Booth comes in second, Kellogg School of Management is No. 3, UCLA Anderson School of Management is No. 4, and Michigan Ross School of Business rounds out the top five.
The six graduate disciplines U.S. News ranks annually are evaluated on factors such as employment rates for graduates, starting salary and standardized test scores of newly enrolled students. Because each graduate program is different, the rankings methodology varies across disciplines.
Different output measures are available for different fields, U.S. News explains, saying that in business, they use starting salaries and the ability of new MBAs to find jobs upon graduation or three months later.
“Going to graduate school is a major commitment of time and money,” said Anita Narayan, managing editor of Education at U.S. News. “Our rankings and advice offer guidance throughout the decision-making process to help prospective students and their families find the right fit.”
Image credit: Michael A. Herzog (CC BY-ND 2.0)