Tag Archives: Ross School of Business

UM Ross School Receives $60M Gift for Entrepreneurship Program

The University of Michigan’s Ross School of Business has received a pledge of $60 million from the Zell Family Foundation to further fund entrepreneurial programs at the Samuel Zell and Robert H. Lurie Institute for …

The University of Michigan’s Ross School of Business has received a pledge of $60 million from the Zell Family Foundation to further fund entrepreneurial programs at the Samuel Zell and Robert H. Lurie Institute for Entrepreneurial Studies.

major donation to Ross School

Sam Zell Photo By Peter Ross

According to a statement released Monday announcing the news, the funds will provide endowed support to the institute for continued delivery and development of entrepreneurship programs for students and alumni. This includes $10 million dedicated to a new fund that will invest in new student business ventures, Ross dean Alison Davis-Blake says.

UM’s Ross School of Business is a pioneer in entrepreneurial education, introducing the nation’s first course on entrepreneurship in 1927, and the first student-led venture fund, The Wolverine Venture Fund, in 1997. Two years later, the Zell Lurie Institute was established as one of the country’s first full programs dedicated to entrepreneurial education.

“Our goal is to accelerate the learning curve and the opportunities for budding entrepreneurs, as well as to build a powerful alumni network,” says Sam Zell, a University of Michigan alumnus and chairman of Equity Group Investments. “Entrepreneurs have always been a primary driver of growth for this country. I believe that fostering entrepreneurial education is an investment in the future.”

Sam and Helen Zell both have been strong supporters of their alma mater. Under their leadership, the Zell Family Foundation has provided financial support to University of Michigan of more than $150 million.

For more information about this gift, please click here.

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Tuesday Tips: 2015 Michigan Ross MBA Essay Tips

Michigan Ross is a program that emphasizes learning both inside and outside the classroom, and is seeking candidates that are intellectually curious and able to accomplish their goals. Ross is also a close-knit community and …

Michigan Ross is a program that emphasizes learning both inside and outside the classroom, and is seeking candidates that are intellectually curious and able to accomplish their goals. Ross is also a close-knit community and fit with the program is important to demonstrate in the application process. Visiting Ross or learning about the program through current students, alumni or faculty would be helpful before starting this set of essays.

The Ross admissions blog states that concise, clear and simple language is prized in the essay portion of the application. Make sure you are using the limited space to explain specifics about you and your experiences and goals rather than generic statements.

Essay One: What are you most proud of and why? How does it shape who you are today? (up to 400 words)

Last year Ross separated the professional and personal in this question, asking candidates to explain what they were most proud of in both realms. This year you have the flexibility to pull from any area of your life to discuss what you are most proud of and why.

If you choose a professional topic remember that intellectual ability, professional achievements and teamwork are all among the qualities the Ross admissions committee is looking for in applicants. As you consider topics for this essay focus on the ones that will demonstrate you are a strong leader and that you can learn from experience.

The personal attributes the admissions committee are looking for in applicants include community engagement and interpersonal, communication and teamwork skills.

When you consider topics for this essay you may want to write about an important extracurricular accomplishment, a challenge you overcame, or an event in your life that highlights something unique about your background. For example, if you have a track record of club leadership through college and afterwards that can be compelling evidence of your community engagement and leadership skills. On the other end of the spectrum perhaps you have spent time outside your home country for school or work and that has shaped your teamwork, interpersonal and communication skills.

In some cases you may be most proud of an accomplishment because of what you learned and how it shaped your career. In other cases the follow up questions are two separate components of the essay. Either way the why behind your pride in accomplishment will reveal what you value most – whether prestige, credit, or the motivation to achieve your goals. Make sure that your values are aligned with how you want to be perceived by the admissions committee.

Whatever you are most proud of, make sure you are addressing why it is important to you. What you learned and how you have used what you learned since in your life can offer invaluable insight as well.

Essay Two: What is your desired career path and why? (up to 400 words)

Michigan Ross is interested to hear what you plan to do after your MBA and what is motivating that decision. The Ross admissions blog is clear that the question is meant to understand your motivation and interests, and that no specific “correct” career is expected. Both traditional and non-traditional MBA goals are welcomed as long as you are sincere about the path you plan to take.

Answering “why” you chose your career path is crucial. As you describe your career path make sure you explain what has led you to pursue it, and why it resonates with you. The answer doesn’t need to be elaborate or dramatic, but it should be convincing and real. The question doesn’t ask “Why MBA?” or “Why Ross?” but you may want to address both questions. Particularly if Ross has unique resources that will help you achieve your goal, it may help your case to explain why Ross.

Stacy Blackman Consulting has worked with successful candidates to Michigan Ross for over a decade and can offer comprehensive strategic advice every step of the way. Contact us to learn more.

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Michigan Ross 2015-2016 MBA Essay Questions

The University of Michigan Ross School of Business has posted the following MBA essay questions for the 2015-2016 application cycle. While the first essay also appeared last year, the second is a revamped essay prompt. …

Michigan Ross MBA essays

The University of Michigan Ross School of Business has posted the following MBA essay questions for the 2015-2016 application cycle. While the first essay also appeared last year, the second is a revamped essay prompt.

  1. What are you most proud of and why? How does it shape who you are today? (up to 400 words)
  2. What is your desired career path and why? (up to 400 words)

The Michigan Ross admissions blog states that:

The first question is intentionally broad. We want to give you the option to pick something from either your personal or professional life. The context (personal or professional) is less important than your reason for being proud of something. We want to understand what makes something important to you. It gives us a glimpse into how you think about and process things, and what your priorities and values are.

This is how we assess fit – through alignment of your values with the values of our community – not whether you pick a personal or professional example.

The main purpose of the career path question is so we can evaluate whether business school makes sense.  A “good” answer isn’t about saying you want to go into a traditional business field. In fact, many of our students pursue a wide range of careers outside of traditional business fields (e.g., education, nonprofit, emerging markets). A good answer will describe your rationale for being interested in a particular path.

For both questions, there isn’t an answer that we “want to hear” other than a response that demonstrates that you’ve done some self-reflection and gives us a sense of you as a person.

A note about writing style: we like clear and succinct. “Up to 400 words” means it can be less than 400 words. It’s not a word count test, nor is it a creative writing test. Don’t write two paragraphs of introduction before stating what you’re most proud of. You can even start with, “I am most proud of….” Write as you would speak. To a real person. We, who read the essays, are real people.

For more information, please visit the Michigan Ross MBA admissions page.

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Michigan Ross Students Launch Private Equity Club

Two students at the University of Michigan’s Ross School of Business have started the school’s first private equity club to strengthen the relationship between students interested in the industry and professionals. The group, called Michigan …

Two students at the University of Michigan’s Ross School of Business have started the school’s first private equity club to strengthen the relationship between students interested in the industry and professionals.

The group, called Michigan Ross Private Equity, was formed by founder and co-president Greg Sanker. He is joined by co-president Ann Brophy, both MBA students at the school. The group is advised by Professor David Brophy, who serves as the director of the school’s Center for Venture Capital and Private Equity Finance and is Ann Brophy’s father.

Michigan Ross Private Equity has attracted close to 100 members so far, each of whom pays about $100 to join. The money will be used primarily to run the club’s upcoming events. “We’re one of the more expensive clubs on campus, [so] it’s great to see so many people sign up,” Sanker says.

The club has organized several events and plans a full-blown private equity conference, akin to those held at Wharton School and Harvard Business School, in 2016. Other events include a panel during the Michigan Private Equity Conference on Oct. 17.

The club’s conference will be “for students, put on by students, for everyone’s benefit,” Sanker says, describing the difference between the group’s event and the existing private equity conference.

Also, Michigan Ross Private Equity will run a “Private Equity Advisory” program for students to work directly with private equity firms.

The club is working to grow its alumni members and build awareness outside the university. Michigan Ross Private Equity wants to bring on more advisory board members who are private equity professionals and University of Michigan alumni. Also, the group also wants to find private equity firms looking for students to work with them during the school year, Sanker says.

Both Sanker and Brophy have private equity experience. Sanker worked for about two years prior to business school at River Cities Capital Funds focusing primarily on control equity investments in healthcare service companies. Brophy worked this summer at Huron Capital Partners.

“Working in middle market private equity was a great learning experience. It’s a profession that combines disciplines from entrepreneurship and finance, two fields I’m very passionate about,” Sanker says. “Michigan Ross is one of the best business schools in the world without a private equity club. I want to help students discover what I did at River Cities and build the school’s presence in the industry.”

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Tuesday Tips: Michigan Ross MBA Essay Tips

Michigan Ross is a program that emphasizes learning both inside and outside the classroom, and is seeking candidates that are intellectually curious and able to accomplish their goals. At the same time, fit is a …

Michigan Ross is a program that emphasizes learning both inside and outside the classroom, and is seeking candidates that are intellectually curious and able to accomplish their goals. At the same time, fit is a crucial part of the Ross evaluation process and Ross wants to know that you have investigated the program thoroughly and know why you want to attend. When you are approaching this set of essays, think carefully about how you will best illustrate your fit with the Michigan MBA program.

This year Ross changed the essay questions significantly to focus on what you are most proud of both personally and professionally. While previous years’ essays focused on career goals and why MBA, this year the questions require introspection and a demonstration that you learn from experience.

Essay One: What are you most proud of professionally and why? What did you learn from that experience? (400 words)

Intellectual ability, professional achievements and teamwork are all among the qualities the Ross admissions committee is looking for in applicants. As you consider topics for this essay focus on the ones that will demonstrate you are a strong leader and that you can learn from experience.

One possible source of ideas are the inflection points in your career. When did you face a turning point or make a big decision about your career? What were some of the most challenging projects you have been part of? Have you been surprised by what you have done well at in your career?

In some cases you may be most proud of an accomplishment because of what you learned and how it shaped your career. In other cases the follow up questions are two separate components of the essay. Either way the why behind your pride in accomplishment will reveal what you value most – whether prestige, credit, or the motivation to achieve your goals. Make sure that your values are aligned with how you want to be perceived by the admissions committee.

Essay Two: What are you most proud of personally and why? How does it shape who you are today? (400 words)

The personal is equally important to Michigan Ross, and the MBA program is designed to help you develop your leadership skills both in terms of professional accomplishment and personal and community interests. The personal attributes the admissions committee are looking for in applicants include community engagement and interpersonal, communication and teamwork skills.

When you consider topics for this essay you may want to write about an important extracurricular accomplishment, a challenge you overcame, or an event in your life that highlights something unique about your background. For example, if you have a track record of club leadership through college and afterwards that can be compelling evidence of your community engagement and leadership skills. On the other end of the spectrum perhaps you have spent time outside your home country for school or work and that has shaped your teamwork, interpersonal and communication skills.

Whatever topic you choose, make sure you are addressing why it is important to you. What you learned and how you have used what you learned since in your life can offer invaluable insight as well.

Stacy Blackman Consulting has worked with successful candidates to Michigan Ross for over a decade and can offer comprehensive strategic advice every step of the way. Contact us to learn more.

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What’s New at U. Michigan Ross School of Business

Not even the Polar Vortex can hamper student and applicant excitement about the innovations happening at Michigan Ross School of Business.This week, Ross MBA students fan out across the globe for a transformative experience in …

innovation at Michigan Ross

Not even the Polar Vortex can hamper student and applicant excitement about the innovations happening at Michigan Ross School of Business.This week, Ross MBA students fan out across the globe for a transformative experience in action-based learning.

For the next seven weeks, participants tackle real-world business challenges through the Michigan Ross MAP program, a hallmark of the school’s MBA degree and one of the most extensive and intensive hands-on learning programs of its kind.

Alison Davis-Blake, dean of the Ross School, says this real-world experience gives MBA students a head start in both the job market and their careers.

The MAP program connects 450 first-year students working on 89 projects with 81 different companies and organizations regionally, nationally, and in 24 different countries. This year’s projects include developing market entry strategies in Central America and the Caribbean; developing digital banking services in India; and launching a new pharmaceutical product in Europe.

“MAP stretches and challenges students,” adds Valerie Suslow, senior associate dean for MBA programs at Michigan Ross. “It provides them with a potent learning experience which incorporates diverse group dynamics, cultural awareness, and self-leadership – all while staying on task to provide actionable recommendations for companies and organizations.”

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In February, the Ross School opened the call for submissions for the first annual Positive Business Project, a contest that aims to identify, profile and showcase exceptional business leaders that make a positive difference in their work.

Submissions for the contest are in the form of an original two-to-three minute amateur video highlighting positive business practices in the workplace. The video can focus on an individual or the company as a whole, and multiple individuals from the same company can submit entries.

“Business can be an extraordinary vehicle for positive change in today’s dynamic global economy,” says Wally Hopp, senior associate dean for faculty and research at Ross. “The Positive Business Project will shine a spotlight on some of the very best examples of this and inspire others to bring similar strategies to bear in their own organizations.”

The project is part of the first annual Positive Business Conference, taking place May 15-17, 2014 on the Ross School campus in Ann Arbor, Mich. Finalists will be showcased at the event, where a grand prize winner will be named.

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Finally, the University of Michigan regents met last month to consider a $135 million plan for the business school. The project would include a new academic building and major renovations to the Ross School of Business library.

Business school namesake and alumnus Stephen M. Ross made a $200 million donation to the university in September, a part of which was earmarked for business school facilities upgrades.

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