Tag Archives: MIT Sloan School of Management

US News Announces 2018 Ranking of Best Business Schools

U.S. News & World Report has released the 2018 Best Graduate Schools rankings, designed to help prospective students research programs across six disciplines and evaluate the potential return on their investment. In this year’s full-time MBA rankings, …

U.S. News & World Report has released the 2018 Best Graduate Schools rankings, designed to help prospective students research programs across six disciplines and evaluate the potential return on their investment.

Harvard Business School interview

In this year’s full-time MBA rankings, Harvard Business School and the University of Pennsylvania’s Wharton School have tied for the No. 1 program in the country. The University of Chicago Booth School of Business holds the No. 3 spot, and the Stanford Graduate School of Business drops from last year’s second place to share fourth place with MIT Sloan School of Management and Northwestern’s Kellogg School of Management.

Among part-time MBA programs, the UC Berkeley Haas School of Business once again retains the top spot, followed by Chicago’s Booth School of Business at No. 2. The NYU Stern School of Business and UCLA Anderson School of Management tie at third place.

US News’s Best Business Schools

  • Harvard Business School (#1 tie)
  • Wharton School (#1 tie)
  • Chicago Booth School of Business (#3)
  • Stanford Graduate School of Business (#4 tie)
  • MIT Sloan School of Management (#4 tie)
  • Kellogg School of Management (#4 tie)
  • UC Berkeley Haas School of Business (#7)
  • Tuck School of Business (#8)
  • Columbia Business School (#9 tie)
  • Yale School of Management  (#9 tie)

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.

“A graduate degree can lead to professional advancement and a potential salary increase,” says Anita Narayan, managing editor of Education at U.S. News. “Whether you are interested in pursuing a full-time program or taking classes part-time, the grad school rankings and advice offer guidance on finding programs that help you fulfill your personal goals.”

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Interview Advice from MIT Sloan

Round 1 applicants, get ready for your interviews! Whether you’ve already received an interview invitation or are hoping to get an invite over the next few weeks, you want to make sure you’re prepared to do …

Round 1 applicants, get ready for your interviews! Whether you’ve already received an interview invitation or are hoping to get an invite over the next few weeks, you want to make sure you’re prepared to do your best when the big day arrives.

With that in mind, Jennifer Barba, associate director of admissions at MIT Sloan School of Management, has shared a video with tips and insight regarding MBA interviews at Sloan, which she calls a critical piece of the evaluation process.

Candidates will meet with a professional member of the admissions team, not alumni, and should plan to spend 30-45 minutes discussing both data in their application as well as answering three or four behavioral questions. An example of this type of question is: “Tell me about a situation where you had a difficult interaction with a team member.”

“Interviewing candidates is my favorite part of the evaluation process,” says Barba, and she urges applicants to talk about things that are different than what you shared in the written application. When you ask questions, she adds, make sure they are more thoughtful than what you can find in the FAQs on the website.

Here at SBC, we advise clients to begin their interview prep by learning your application backwards and forwards and crystallize your professional goals and motivations. Then, ask yourself these key questions:

  • Can I clearly articulate my career plan and future goals?
  • What is my motivation to obtain an MBA?
  • How do I plan to use my MBA in my career?
  • What do I really want from my MBA experience?
  • Why is X business school the right place for me?
  • What can I bring to this MBA community?
  • Where do I see myself in 5, 10 or 15 years?

You should be prepared to mention school-specific examples of courses, clubs, and other aspects of the curriculum that fit with your career goals. In short, do your homework and refresh your memory of School X’s program before your interview!

Finally, don’t forget to send your interviewer a thank-you note or email no later than the following day.

Our parting advice: be yourself. You want the admissions committee to admit you for who you really are.

You may also be interested in:

Application Advice from MIT Sloan MBA Students

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New Ranking Shows Top Choice B-Schools for 2016 Applicants

Ready4, a Boston-area company that creates test prep apps, has unveiled its second annual rankings of the most desired business schools around the globe. Unlike traditional business school rankings that are based on complex methodology and, in …

business school rankingReady4, a Boston-area company that creates test prep apps, has unveiled its second annual rankings of the most desired business schools around the globe. Unlike traditional business school rankings that are based on complex methodology and, in many cases, information self reported by participating schools, Ready4’s rankings represent the voice of current and prospective students and provide unique insight into what schools students most want to attend.

This ranking represents the top schools chosen by 250,000 users of Ready4GMAT app using its “School Matcher” and “Top Picks” functions.

The Top 25 Most Desired Business Schools

1. Harvard
2. Stanford
3. University of Pennsylvania (Wharton)
4. MIT (Sloan)
5. Indian School of Business
6. Columbia
7. London Business School
8. New York University (Stern)
9. INSEAD
10. University of California Berkeley (Haas)
11. University of Chicago (Booth)
12. Northwestern (Kellogg)
13. Indian Institute of Management
14. Yale
15. Duke (Fuqua)
16. University of Oxford
17. London School of Economics
18. HEC Paris
19. Cornell
20. University of Cambridge
21. National University of Singapore
22. UCLA
23. SP Jain Institute of Management
24. University of Michigan Ann Arbor (Ross)
25. Dartmouth (Tuck)

Notable observations from this year’s ranking include:

  • Harvard Business School and Stanford Graduate School of Business are the top two most desired schools for the second year in a row, while the University of Pennsylvania Wharton School moved up two positions into the third spot, displacing MIT Sloan School of Management, which is now fourth
  • University of California Berkeley Haas School of Business made the biggest leap in the Top 10 category, moving up 5 positions (15 in 2015 to 10 in 2016)
  • Four schools are new to the list this year: London School of Economics (17), Cornell Johnson Graduate School of Management (19), University of Michigan Ross School of Business (24) and Dartmouth Tuck School of Business (25)
  • Five schools fell off the list of the Most Desired Schools in this year’s ranking: Carnegie Mellon Tepper School of Business, University of Cambridge Judge Business School, Boston College, Imperial College London, USC Marshall School of Business

Statistics represent the time period between September 2015 and September 2016, and users were allowed to pick more than one school.

top choice business schools

“With more than a million downloads of our test prep apps, Ready4 sits in a unique position to not only understand where students want to pursue their MBA or other business degree, but also to guide them on their journey to find and get into the right program,” says Elad Shoushan, Ready4’s founder and CEO.

“We are in business to ensure that a generation is ready, willing and able to take on the challenges and opportunities of the 21st century economy, and in many cases, that starts with helping match students to their preferred schools and preparing them to get the scores they need to be considered in the admissions process.”

Image credit: ebayink (CC BY-NC-ND 2.0)

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MIT Sloan Fall 2017 Application Deadlines, Essay Alternative

The MIT Sloan School of Management has announced the MBA application deadlines for the 2016-2017 admissions season. The application to the full-time MBA program will not include a traditional essay question this year; instead, the admissions team has come up with …

MIT sloan deadlines, essay

The MIT Sloan School of Management has announced the MBA application deadlines for the 2016-2017 admissions season. The application to the full-time MBA program will not include a traditional essay question this year; instead, the admissions team has come up with a new twist for Sloan aspirants.

Fall 2017 Deadlines

Round 1
Application due: September 15, 2016
Decision released: December 19, 2016

Round 2
Application due: January 17, 2017
Decision released: April 3, 2017

Round 3
Application due: April 10, 2017
Decision released: May 17, 2017

Fall 2017 Essay Alternative

“This year, instead of responding to an essay question,  we are asking applicants to submit a cover letter along with their resume. Your cover letter is an opportunity to introduce yourself, describe your past successes, and explain why MIT Sloan’s MBA Program is the right place for you.”

Your letter should conform to a standard business correspondence and be addressed to Mr. Rod Garcia, Senior Director of Admissions. (250 words or fewer)

Optional Essay:
The Admissions Committee invites you to share additional information about yourself, in any format. If you choose a multimedia format, please host the information on a website and provide us with the URL.

Suggested guidelines:
Please keep all videos and media limited to 2:00 minutes total in length.
Please keep all written essays to 500 words or less.

The MIT Sloan application goes live on July 11, 2016. Please visit the admissions website for further details and directions.

Image credit: Vitor Pamplona (CC BY 2.0)

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Targeted Advice for MIT Sloan Applicants

Is MIT Sloan School of Management on your short list of target schools for this fall’s MBA application season? It’s a phenomenal, highly academic program that draws on the MIT culture at large to offer …

MIT Sloan application advice

Is MIT Sloan School of Management on your short list of target schools for this fall’s MBA application season? It’s a phenomenal, highly academic program that draws on the MIT culture at large to offer cutting-edge classes and services, recruit acclaimed faculty, and foster collaborative and educational efforts that involve students, alumni and business partners.

Even among world-class MBA programs, MIT Sloan is in an elite group, with extremely high GMAT scores and GPAs higher than many other top programs. So how can applicants stand out with such a competitive applicant pool?

I recently shared my take with Business Insider readers on the three qualities MIT Sloan looks for in MBA candidates—innovation, global awareness, and analytical abilities—and offer the inside scoop on how you can concretely demonstrate you possess those stellar qualities. Take a look at the original article for my tips.

If you can show that you’d thrive in a program that is international in perspective, highly quantitative, and grounded in innovative approaches, you’ll have a good chance of demonstrating to the admissions team that you’d be an ideal candidate for MIT Sloan’s rigorous — and rewarding — program.

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B-Schools and Big Data

Just what is Big Data? And how is it used to make real business decisions? Anyone interested in the burgeoning field of business analytics should check out this story in the Wall Street Journal on …

Big Data

Just what is Big Data? And how is it used to make real business decisions? Anyone interested in the burgeoning field of business analytics should check out this story in the Wall Street Journal on how the Wharton School at University of Pennsylvania is expanding its offerings in this area and will now offer an MBA major in the subject.

The move comes as fewer students head to b-school with a career in finance in mind after graduation. According to the WSJ, 306 students in Wharton’s 2008 MBA class entered the financial-services industry right after graduation; last year, the school reports that number was 219.

While many professionals understand the technical side of business analytics, they don’t know precisely how to frame their business strategy. Companies need people who can also understand the business side and offer data-based solutions.

Wharton Professor Adam Grant tells WSJ that the strengthened focus on analytics will train students in rigorous thinking and decision-making based on large data sets, rather than the isolated scenarios students encounter in a case study.

“We want to create a hub where evidence-based management is the norm rather than the exception,” says Grant.

But Wharton isn’t the only elite business school upping its Big Data game. NYU Stern School of Business and USC Marshall School of Business also offer specialist masters courses in business analytics.

In March, MIT Sloan School of Management announced the launch of a new, specialized Master of Business Analytics program designed to prepare students for careers in business analytics. The inaugural class will enter MIT Sloan in fall 2016.

“The professional opportunities for our graduates will be extensive,” says MIT Sloan Professor Dimitris Bertsimas, the co-director of the MIT Operations Research Center. “Companies from IBM to Dell to Amazon to Google are collectively investing billions of dollars in data collection to build models that help them make better, more informed decisions. This is a transformational moment in business and management science.”

Wharton administrators, meanwhile, have said the school has no plans to create a separate degree program, and aims instead to further integrate analytics content into its full-time MBA program.

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