Tag Archives: UCLA Anderson School of Management

UCLA Anderson Receives $100M Gift from Namesake’s Widow

The UCLA Anderson School of Management has announced the largest gift in its history: $100 million from longtime supporter Marion Anderson to position the school for continued excellence and honor the legacy of her late …

major gift to UCLA Anderson

The UCLA Anderson School of Management has announced the largest gift in its history: $100 million from longtime supporter Marion Anderson to position the school for continued excellence and honor the legacy of her late husband John, for whom the school is named.

Anderson says her gift is motivated by her appreciation of the role and impact of UCLA Anderson as a global innovator in management education, and that it is a tribute to her husband’s passion for education and community priorities.

Sixty million dollars will be used to establish an endowment to support priorities such as student financial aid and fellowships, faculty and research funding, and program innovations to prepare future graduates for leadership positions in the 21st century global economy.

Forty million dollars will provide seed funding for a new building that will advance students’ learning and development experiences by adding technology-enhanced classrooms and spaces that connect students with faculty and alumni. The new building also will house research centers and faculty.

The school was named the John E. Anderson Graduate School of Management in 1987 in recognition of the first gift from John and Marion Anderson. John Anderson earned a bachelor’s degree in business administration at UCLA in 1940 and later founded Topa Equities, which owns and operates numerous businesses involved in agriculture, insurance, real estate, beverage distribution and automotive dealerships. He died in 2011 at the age of 93.

Marion Anderson is chair of Topa Equities. A Los Angeles resident, she also is a member of the UCLA Anderson Board of Visitors executive committee and the Centennial Campaign for UCLA executive committee.  She also is a member of the Children’s Hospital Los Angeles board of trustees. An endowed professorship and a courtyard at UCLA Anderson are named in her honor. With the most recent gift, the couple has donated $142 million to UCLA Anderson.

The $100 million donation formally launches Into the Next: The Campaign for UCLA Anderson, which is part of the Centennial Campaign for UCLA, a $4.2 billion fundraising drive scheduled to conclude in 2019, the university’s 100th anniversary. UCLA Anderson has already received gifts or pledges of more than $183 million toward its revised goal of $300 million for Into the Next.

Judy Olian, dean of UCLA Anderson, says she feels humbled by the generous gift. “From student fellowships to faculty recruitment and retention, to innovative research programs and the state-of-the-art facilities that will house them, Marion Anderson has enabled our future and empowered us with her confidence in the path we are taking.”

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Round 1 Update from UCLA Anderson

With the Round 1 deadline barely in the rear view mirror, interview invitations have already started going out from the admissions office at UCLA Anderson School of Management, Associate Director of MBA Admissions Jessica Chung …

With the Round 1 deadline barely in the rear view mirror, interview invitations have already started going out from the admissions office at UCLA Anderson School of Management, Associate Director of MBA Admissions Jessica Chung writes in a recent post to the Admissions Insider Blog.

These invitations will be sent throughout the month of November until about mid-December, when the UCLA campus closes for winter break. Chung explains that second-year MBA students conduct the admissions interviews, either on-campus or via Skype. While there’s no benefit to choosing one option over another, she notes many non-local applicants  choose to schedule an on-campus interview in order to combine a campus visit and sit in on a class while there.

Chung promises a detailed post on the Anderson admissions interview soon, and we’ll alert our readers to it when it is posted.

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Application Insights from UCLA Anderson

2014 UCLA Anderson MBA Essay Tips

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Application Insights from UCLA Anderson

Most MBA admissions teams stress that the application process is holistic, meaning they take into account all elements of the candidate’s application and don’t assign overwhelming weight to any one aspect. In a recent update …

ucla anderson application advice

Most MBA admissions teams stress that the application process is holistic, meaning they take into account all elements of the candidate’s application and don’t assign overwhelming weight to any one aspect.

In a recent update to UCLA Anderson School of Management‘s MBA Insider’s Blog, Associate Director of MBA Admissions Jessica Chung provides some answers for applicants who have expressed concern over how UCLA Anderson weighs test scores and undergraduate academic performance.

Like several elite business schools, Anderson now accepts either the Graduate Record Exam (GRE) or the GMAT for admission. Chung is more candid than most in MBA admissions when she advises, “If you have not taken either test and are unsure which one to study for, I would lean towards the GMAT since it was designed specifically for business school admissions and we have more familiarity with it.”

Ultimately applicants should choose whichever exam they feel comfortable with that would best highlight their abilities, but from Chung’s comment we come away feeling that the GMAT is still the “gold standard” in MBA admissions simply because it’s a more more known entity.

A diverse class leads to a robust and lively educational experience, which is why UCLA Anderson encourages applicants from all majors to apply. For that reason, applicants with little quantitative experience in undergrad should strive to do exceptionally well on the GMAT or GRE. On the flip side, candidates with a strong quantitative track record in an academic or employment setting might alleviate any concerns admissions might have over a less-than-stellar test score.

Interestingly, Chung explains that the admissions team looks beyond the grades or GPA of your undergraduate transcript and considers factors such as the rigor of your school and course load trends over time.

All of the puzzle pieces—test scores, GPA, essay, recommendation letter, interview, work experience—are considered when it comes to making admissions decisions, and, says Chung, “It’s this holistic approach that leads us to an incredible class each year!”

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The Round 1 deadline is coming up on October 22, 2014. Please check out our Fall 2015 UCLA Anderson MBA essay tips for advice on how to approach this year’s streamlined essay prompt.

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UCLA Anderson Fall 2015 Essay Questions

UCLA Anderson School of Management has announced the essay questions for the 2014-2015 MBA admissions season. They are: First-Time Applicants: One Required Essay UCLA Anderson is distinguished by three defining principles: Share Success, Think Fearlessly, …

UCLA Anderson School of Management has announced the essay questions for the 2014-2015 MBA admissions season. They are:

First-Time Applicants: One Required Essay

  • UCLA Anderson is distinguished by three defining principles: Share Success, Think Fearlessly, Drive Change. What principles have defined your life and pre-MBA career? How do you believe that UCLA Anderson’s principles, and the environment they create, will help you attain your post-MBA career goals? (750 words maximum)

Optional Essay

The following essay is optional. No preference is given in the evaluation process to applicants who submit an optional essay. Please note that we only accept written essays.

  • Are there any extenuating circumstances in your profile about which the Admissions Committee should be aware? (250 words maximum)

Re-Applicants: One Required Essay

Reapplicants who applied for the class entering in fall 2013 or 2014 are required to complete the following essay:

  • Please describe your career progress since you last applied and ways in which you have enhanced your candidacy. Include updates on short-term and long-term career goals, as well as your continued interest in UCLA Anderson. (750 words maximum)

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UCLA Anderson 2014-2015 MBA Application Deadlines

UCLA Anderson Goes Private

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UCLA Anderson School Goes Private

Following years of debate, the full-time MBA program at the UCLA Anderson School of Management will transition from state-supported to self-supporting status, Inside Higher Ed has reported. This change means the MBA program will forgo …

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Following years of debate, the full-time MBA program at the UCLA Anderson School of Management will transition from state-supported to self-supporting status, Inside Higher Ed has reported. This change means the MBA program will forgo state subsidies in exchange for less regulation from the top and the ability to set its own tuition rates.

The shift may not be as dramatic as it sounds, given the fact that the state only funded about 18 percent of the business school’s operations. Going forward, the Anderson School will now have to pay UCLA for maintenance and overhead expenses.

Long-term trends in the California budget forecast a high likelihood of decline in state support for higher education. Jami Jesek, the senior associate dean of finance and operations at the Anderson School, told Inside Higher Ed, “UCLA Anderson proposed this plan to avoid any additional cuts in state funding while increasing predictability in setting fee levels and flexibility to faculty assignments.”

UCLA Anderson will now have greater control in hiring faculty and determining salary levels. Fees for the full-time MBA program will inevitably increase with this change, but a memorandum of understanding signed by UCLA Anderson dean Judy Olian asserts that the program will ensure that financial aid offerings remain at levels “at least commensurate with current levels.”

Jesek, meanwhile, told Inside Higher Ed, “We intend to increase, not decrease, financial aid in the coming years and are, in fact, making it a primary goal of our five-year Centennial [fund-raising] Campaign.”

Chicago Booth School of Business dean Sunil Kumar, an outside reviewer of the transition, predicted that an increase in private donations would allow UCLA to provide even more merit and need-based scholarships. “In my assessment there is very little doubt that on both quality and on access the Anderson School will be significantly better off under self-supporting status than it has been under state funding.”

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UCLA Anderson 2014-2015 Application Deadlines

The UCLA Anderson School of Management has announced the deadlines for the upcoming MBA admissions cycle. The three deadlines are: Round 1 Deadline: October 22, 2014 Notification: January 28, 2015 Round 2 Deadline: January 7, 2015 Notification: April 2, …

The UCLA Anderson School of Management has announced the deadlines for the upcoming MBA admissions cycle. The three deadlines are:

Round 1

Deadline: October 22, 2014
Notification: January 28, 2015

Round 2

Deadline: January 7, 2015
Notification: April 2, 2015

Round 3

Deadline: April 15, 2015
Notification: June 3, 2015

Completed applications must be received by 11:59 p.m. PST on the day of the deadline to be considered in a particular round.  UCLA Anderson notes that earlier admits enjoy greater availability of fellowships, housing and networking events, so you should apply as soon as your candidacy looks strong.

For more information, visit UCLA Anderson’s admissions website.

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