Tag Archives: Wharton School

Harvard Bumps Stanford in Latest US News MBA Ranking

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 …

Harvard Business School-Flickr

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.

Best Business Schools

1. Harvard School of Business
2. Stanford Graduate School of Business
2. University of Chicago Booth School of Business
4. University of Pennsylvania Wharton School
5. MIT Sloan School of Management
5. Northwestern University Kellogg School of Management
7. University of California—Berkeley Haas School of Business
8. Dartmouth College Tuck School of Business
8. Yale School of Management
10. Columbia School of Business

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)

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$10M Gift Will Transform Wharton Leadership Program

The University of Pennsylvania’s  Wharton School has received a $10 million commitment from alumna Anne Welsh McNulty that will drive the global reach of the current Wharton Leadership Program and build on its 20-plus years …

The University of Pennsylvania’s  Wharton School has received a $10 million commitment from alumna Anne Welsh McNulty that will drive the global reach of the current Wharton Leadership Program and build on its 20-plus years of innovation and impact in leadership development.

Anne McNulty, image courtesy of The Wharton School

Anne McNulty, image courtesy of The Wharton School

In recognition of this transformative gift, the Wharton Leadership Program will be renamed the Anne and John McNulty Leadership Program at the Wharton School, memorializing John’s legacy of  impact and both John and Anne’s passion for preparing individuals to lead in their fields and communities.

The program will continue to provide a holistic approach to coursework, coaching, mentoring, and experiential learning for students of all ages. It will also provide them with the necessary tools to adapt their leadership styles through action, reflection, and experience, and to become global leaders of diverse workforces.

“I believe in the transformative power of developing each individual’s leadership capacity. Wharton’s Leadership Program is uniquely poised to make a real impact that will multiply from its students to businesses and communities and beyond,” says McNulty.

“Wharton was a turning point in our lives,” Anne says, reflecting on her and John’s experience at the school. “It challenged us to think differently and taught us to be more thoughtful and more ambitious. Our time at Wharton motivated us to be active leaders, not only in running businesses, but also in our communities. It is a pleasure for me to support future students so that they may have a similar experience, so that they may reach their potential, and so that they may change the world through the lessons they learn at Wharton.”

Learn more about John and Anne McNulty, and how this new investment will accelerate Wharton’s leadership development initiatives, here.

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INSEAD Tops Latest FT Global MBA Rankings

Earlier this week, the Financial Times released its 2016 Global MBA Rankings, and for the first time since the ranking’s launch in 1999, a business school with a strong Asian presence—INSEAD—takes the top spot, rising …

Earlier this week, the Financial Times released its 2016 Global MBA Rankings, and for the first time since the ranking’s launch in 1999, a business school with a strong Asian presence—INSEAD—takes the top spot, rising from fifth place in 2015.

INSEAD financial times global mba rankings

INSEAD, the international business school with campuses in Singapore, Abhu Dahbi, and Fontainebleau, France, also makes history in this particular ranking as it is the first time FT has crowned a one-year MBA program. INSEAD was the first business school in the world to offer a one-year MBA program beginning in 1959.

“As the cost of studying for an MBA has steadily risen, many students are wary of taking on the debt associated with two-year degrees — students are frequently more than $100,000 in debt when they graduate. Though fees and living costs can be substantial, it is often the opportunity cost of lost salary that is the biggest factor,” write FT’s Della Bradshaw and Laurent Ortmans.

This year’s ranking shows a bit more movement than we saw last year, when FT deemed Harvard Business School the top MBA program for the third time in a row. U.S. MBA programs continue to dominate the top ten with seven schools, but this year, Spain’s IESE Business School slipped to 16th place, down from seventh place. Meanwhile, Cambridge Judge Business School comes in at number 10 this year, up from 13th in 2015.

Top Ten FT Global MBA Ranking 2016

  1. INSEAD
  2. Harvard Business School
  3. London Business School
  4. University of Pennsylvania’s Wharton School
  5. Stanford Graduate School of Business
  6. Columbia Business School
  7. UC Berkeley Haas School of Business
  8. Chicago Booth School of Business
  9. MIT Sloan School of Management
  10. Cambridge-Judge Business School

One interesting development to come out of these latest rankings is the increase in the numbers of women pursuing the MBA. “In 2015, 35 per cent of MBA students were women, up from 30 per cent in 2005. Last year, the proportion of female students topped 40 per cent in 27 schools, a leap from just four schools 10 years ago,” Ortmans reports.

The Financial Times ranking methodology involves assessing MBA programs according to the career progression of alumni, the school’s idea generation, and the diversity of students and faculty. FT data from the past three years is used for alumni-informed criteria.

For more information, visit FT‘s 2016 Global MBA ranking analysis and school profiles.

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Stacy Blackman’s Words of Wisdom Campaign Heats Up

We’re wrapping up the third week of the Words of Wisdom (WOW) campaign on our social media streams, and the online response has been nothing short of incredible! Have you checked it out yet?  The …

motivation for MBA applicants

We’re wrapping up the third week of the Words of Wisdom (WOW) campaign on our social media streams, and the online response has been nothing short of incredible! Have you checked it out yet?  The goal is to motivate potential MBA candidates with inspirational quotes from the top business schools and our educational partners.

More than 12 elite MBA programs, and organizations such as Forté Foundation and the MBA Tour, have chimed in with their thoughts on reapplying, reminders about how to take advantage of every opportunity, reality checks regarding the GMAT, and views on how to create value and sense of purpose in all that you do.

Every Friday during the campaign, we’ll provide a roundup of these motivational messages here on the blog, but you can see them right away on FacebookTwitter, and Instagram. Use the following hashtags:  #WOW #WordsofWisdom #SBCWOW #MBAinspiration and #BeInspired to check it out each day.

We hope these messages inspire you to make 2016 your best year ever!

  • “Approximately 15 percent of Tuck applicants are reapplicants. We look favorably upon reapplicants and work closely with them. If Tuck remains your top choice, reach out to us to help you determine if and what reapplicant strategy might work best for you,” says Dawna Clarke, Director of Admissions at the Tuck School of Business at Dartmouth.
  • “Training yourself to be sure of the outcome of the GMAT, to imagine conquering business school and even looking ahead to your future career will help you create a game plan for success,” advises Bara Sapir, CEO/Founder of Test Prep New York/Test Prep San Francisco.
  • Kellogg School of Management Professor David Chen counsels MBA students to “Figure out how your values can create value.”
  • “Students ask me how to find their purpose.  My advice is simple: stop looking for a purpose and start noticing when you get excited by what you are doing.  When you enjoy your work, your purpose usually finds you,” says Professor Richard Shell at the University of Pennsylvania’s Wharton School.
  • “Don’t put too much emphasis on the GMAT. People overemphasize the GMAT because it’s the most “concrete” element of the application. It’s easy to understand that a higher score means a somewhat higher change of being accepted. However, the real difference between a 710 and even a 740, or a 650 and a 690, is probably way smaller than you think.  In a way, it’s “easy” to put your head down and focus on improving your GMAT score for two hours. But it’s “hard” to figure out which schools are really a great fit for you, your core reasons for going to business school, and your personal narrative around what you’d bring to a program. Once you get the GMAT score that falls in the range of your target schools, move on and focus on the application,” advises My Guru‘s Mark Skoskiewicz.
  • Amanda Soule Shaw, Assistant Dean for Student Services at Cornell’s Johnson School of Management, says, “Commit to doing new things and expanding your network of contacts. It’s great to be completely sure of your post-MBA goal, but don’t let that goal define the choices you make in terms of classes, clubs, teams and friends. Your time in school will provide limitless opportunities to gain exposure to diverse topics and perspectives, so make sure to take full advantage of that once in a lifetime experience.”
  • “We all make mistakes. The key is to learn from your mistakes so you don’t repeat them.” GMAT Genius
  • “Embrace the transformative opportunity that an MBA program offers.  The network is invaluable, but maximizing its value first requires openness to change and effort to develop who you are and what you can do,” says Professor Scott B. Smart at Indiana University Kelley School of Business 
  • Professor Harry Kraemer at the Kellogg School of Management advises, “Don’t forget to take the time to self-reflect and ask yourself, ‘What are my values? What really matters?'”

You may also be interested in:

Stacy Blackman’s Words of Wisdom Campaign Continues
Stacy Blackman’s Words of Wisdom Campaign

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4 Things Wharton Looks For in MBA Applicants

Do you wonder just exactly what the top business schools look for when deciding whom to admit to their MBA programs? Well, after more than 15 years of helping our clients receive highly coveted admissions …

What Wharton looks for in MBA applicants

Do you wonder just exactly what the top business schools look for when deciding whom to admit to their MBA programs? Well, after more than 15 years of helping our clients receive highly coveted admissions letters to the Wharton School at the University of Pennsylvania, I’ve pulled together some key characteristics that, together, paint a unique picture of what Wharton is looking for in MBA students.

Keep in mind though, knowing what a particular business school is looking for isn’t an opportunity to re-make yourself into what you think their “ideal” student would be. Rather, it’s a chance to find a learning community that values your strengths and where you can make a positive contribution with the unique skills, experiences, and perspectives you bring to the table.

To discover which four characteristics Wharton looks for in MBA candidates, I invite you to follow the link to read my latest article published on Business Insider.

You may also be interested in:

Wharton MBA Interview Tips
Wharton School Fall 2016 MBA Essay Tips

Image credit: Jack Duval (CC BY 2.0)

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Stacy Blackman’s Words of Wisdom Campaign

Earlier this week, we launched a Words of Wisdom (WOW) campaign on our social media streams. Have you seen it yet?  The goal is to galvanize potential MBA candidates with inspirational quotes from the top …

Words of Wisdom campaign

Earlier this week, we launched a Words of Wisdom (WOW) campaign on our social media streams. Have you seen it yet?  The goal is to galvanize potential MBA candidates with inspirational quotes from the top business schools and our educational partners, and we’ve had a tremendous response!

More than 12 elite MBA programs, and organizations such as Forté Foundation and the MBA Tour, will chime in with their thoughts on topics such as how to conquer the GMAT, solve the thorniest business problems, manage your time, and be true to your values.

Every Friday for the next month, we’ll provide a roundup of these motivational messages here on the blog, but you can see them right away on FacebookTwitter, and Instagram. Use the following hashtags:  #WOW #WordsofWisdom #SBCWOW #MBAinspiration and #BeInspired to check it out each day.

We hope these messages inspire you to make 2016 your best year ever!

“We all live by a set of core principles. Make sure that one of yours is to choose graciousness in all that you do.” Mike Rielly,  Assistant Dean, The Berkeley MBA For Executives, UC Berkeley Haas School of Business

“Your best preparation includes learning how to fully engage in your own learning process.” Bara Sapir, CEO/Founder  of  Test Prep NY/SF

“What is happiness? Three things: good health, meaningful work, and love.” Richard Shell, Professor of Legal Studies and Business Ethics  at The Wharton School. Author of numerous books including Springboard: Launching Your Personal Search for Success

 “Research tells us that women tend to opt out of opportunities where they do not feel 100% qualified. The truth is that there is no one ideal MBA candidate profile.  There’s also no one ideal business school. Opt yourself in to this process. Explore a variety of schools, and find which one is the ideal fit for YOU.” Krystal Brooks, Associate Director, Early Career Women at Forté Foundation

“Be a force for intellectual honesty in public discourse — be true to your values, respect the differing values of others, and be willing to change your views in the face of new analysis and evidence.”Professor David Besanko, Kellogg School of Management

“The GMAT is like a first date: first impressions matter, but you must be on the top of your game throughout the entire time.” The Economist Test Prep

“When solving problems, it’s easy to come at them and say ‘I need to fix this.’ Instead, take the time to question the problem itself.” Christina Hachikian, Executive Director, Social Enterprise Initiative, Adjunct Assistant Professor of Strategy, The University of Chicago Booth School of Business.

“Time management is key. Start the application process early, and make sure to plan ahead for any unforeseen delays.” The MBA Tour  

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