Tag Archives: Wharton School

Wharton to Offer World’s Largest Student-Run Impact Investing Fund

This week, the Wharton School of the University of Pennsylvania announced a new partnership to provide students with world-class experiential training in impact investment through an online crowdfunding platform, and to greatly expand the student-run …

This week, the Wharton School of the University of Pennsylvania announced a new partnership to provide students with world-class experiential training in impact investment through an online crowdfunding platform, and to greatly expand the student-run Wharton Social Venture Fund (WSVF), a flagship program operated under the Wharton Social Impact Initiative.

Wharton Social Impact Initiative (WSII), the School’s hub for social impact activities, research, and opportunities, will lead the collaboration with OurCrowd, an equity-based online crowdfunding platform, and investment firm Locust Walk Impact Partners.

This development makes Wharton’s offering the largest and most active student-run impact investing fund in the world.

In this unique model, WSII trains and supervises MBA and select Wharton undergraduates who staff the Wharton Social Venture Fund. These students then work with Locust Walk Impact Partners to identify genuine investment opportunities; capital for these investments will come through a dedicated social impact channel on the OurCrowd crowd-funding platform.

“We are delighted that our students are getting real-life, experiential education in impact investing,” says WSII Senior Director Jacob Gray, who oversees the Wharton Social Venture Fund. “It was important for WSII to maintain our focus squarely on the educational opportunity for students. This way Locust Walk can focus on doing great deals, OurCrowd brings a platform for investors, and Wharton brings the best students in the world.”

Founded in 2007, the WSVF portfolio has included strategy and co-investment projects, with an approach focused on companies in education, energy, health and wellness, food and nutrition, environmental sustainability, and financial inclusion. The group also annually competes in the MBA Impact Investing Network & Training Program (MIINT) and has won the competition two of the last three years.

As the largest and most active equity-funding crowd platform, OurCrowd is disrupting and democratizing the traditional Angel and Venture Capital funding models.

“Crowdfunding is a perfect way to raise funds for impact investing,” says OurCrowd CEO and Founder, Jonathan Medved. “We have already invested in companies that are changing the world in diverse areas such as disabilities, gun safety, food security, malaria diagnostics, tsunami warning, prescription drug assurance, and more. By working together with Locust Walk and the Wharton Social Venture Fund, we will dramatically expand the impact investing ecosystem.”

Locust Walk Impact Partners is led by Rob Fioretti, who received both his undergraduate and MBA degree from Wharton. The investment firm is staffed entirely by MBAs trained by the Wharton Social Venture Fund.

“Combining the talents of some of the best and brightest business minds in the world with the leading crowdfunding site in the world is a natural fit,” says Fioretti, “And we are thrilled that we will be able to offer individuals the opportunity to invest and participate in the growth of these select companies.”

The collaboration will take effect immediately. The first deals are expected to launch on the Our Crowd platform in Q2 2015.

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Stanford GSB Tops Latest US News B-School Ranking

Stanford Graduate School of Business no longer has to share the limelight at the top of U.S. News & World Report’s latest ranking of Best Business Schools for 2016. The three-way tie last year between …

Stanford Graduate School of Business no longer has to share the limelight at the top of U.S. News & World Report’s latest ranking of Best Business Schools for 2016. The three-way tie last year between Stanford, Harvard Business School and University of Pennsylvania’s Wharton School has been broken, with those schools occupying second and third place, respectively.

Chicago Booth School of Business ranks No. 4, MIT Sloan School of Management takes fifth place, and Northwestern’s Kellogg School of Management ranks No. 6. The top ten is rounded out by UC Berkeley Haas School of Business, Columbia Business School, Dartmouth’s Tuck School of Business, and, coming in at No. 10, UVA Darden School of Business.

The schools making up the top ten remain largely unchanged from last year. NYU Stern School of Business had occupied 10th place in the 2015 ranking, and Darden was at No. 12. NYU Stern is now tied in the No. 11 spot with Michigan Ross School of Business.

#11. Michigan Ross School of Business
#13. (tie) Duke Fuqua School of Business
#13. (tie) Yale School of Management
#15. UCLA Anderson School of Management
#16. Cornell’s Johnson School of Management
#17. UT McCombs School of Business
#18. UNC Kenan-Flagler Business School
#19. Olin Business School at Washington University in St. Louis
#20. CMU Tepper School of Business

The U.S. News rankings are based on a weighted average of several indicators, including overall program quality, peer assessments, recruiter assessments, placement success, starting salary and bonus, average GMAT/GRE score, undergraduate GPA and more.

To compile this year’s rankings, all 464 master’s programs accredited by AACSB International were surveyed in fall 2014 and early 2015. A total of 385 responded, of which 126 provided enough of the data needed to calculate the full-time MBA rankings.

You may also be interested in:

The Truth Behind 3 Common MBA Rankings Myths

Separate GMAT Rankings for U.S. and Asian Applicants

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Wharton’s Advice for the Team-Based Discussion

The University of Pennsylvania’s Wharton School plans on sending out Round 2 team-based discussion invites on February 12th, and deputy vice dean of MBA admissions Maryellen Reilly Lamb shared a few tips about the experience …

Wharton advice team-based discussion

The University of Pennsylvania’s Wharton School plans on sending out Round 2 team-based discussion invites on February 12th, and deputy vice dean of MBA admissions Maryellen Reilly Lamb shared a few tips about the experience in her most recent blog post.

Here’s a quick refresher on the team-based exercise: Five or six invited candidates work together to solve real-world business scenarios as a team. Wharton believes the exercise demonstrates how applicants approach and analyze specific situations and interact with other people—two critical components of Wharton’s team-focused learning style.

Everyone’s TBD experience will be different, says Lamb, adding that your approach to the TBD will be a balance between being prepared and adapting to the situation.

Here are four aspects the director feels candidates should focus on to maximize their experience.

Flexibility: Challenges can change from moment to moment, so stay flexible and leave your preconceived notions at the door.

Your skills and strengths: Tap into tactics you have used successfully in the past while working in a team setting, and lean on your strengths to help propel the group forward.

The overall process: Lamb suggests asking yourself, “How can you provide value to ensure that best possible outcome for your team? Does your team need more brainstorming? Do they need more clarity around the proposed ideas?”

There is no “right” way: It may be easier said than done, but accept that you should just be yourself, get a feel for the dynamics of your particular group, and let the chips fall where they may.

Interviews will begin on campus in Philadelphia in late February, as well as various locations across the globe, including Dubai, London, Mumbai, San Francisco, Sao Paulo, Seoul, Shanghai, Singapore, and Tokyo. Applicants should interview in whichever location is most convenient for them.

For more advice, take a look at this post by (now) second-year student Alexandra Gorin. In it, she explains how she prepared for the TBD, what she experienced, and what she took away from the group interview. It’s chock-full of helpful tips!

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Success comes from practice and becoming comfortable with the format. With that in mind, Stacy Blackman Consulting now offers live group practice sessions to help applicants with this fun but challenging new interview style.
Our seasoned moderators have admissions experience at the Wharton School, and participants receive preparation tips and a one-hour mock experience, followed by written feedback with actionable advice. Find out more about our interview prep options today.

 

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Harvard Tops Financial Times 2015 Global MBA Ranking

Earlier this week, Financial Times released its 2015 global MBA ranking of the best business schools, and the results showed no surprises—only a shuffling—at the very top. This is the third time in a row …

Earlier this week, Financial Times released its 2015 global MBA ranking of the best business schools, and the results showed no surprises—only a shuffling—at the very top. This is the third time in a row Harvard Business School has taken the crown, and the sixth time since the ranking began in 1999.

Its alumni have the highest average salary three years after graduation, at $179,910 (weighted), nearly doubling their pre-MBA pay. Harvard is among the top schools for career progression and its MBA was the most highly recommended by graduates of other schools.

The ranking is based on surveys of business schools and their 2011 graduates, and the Financial Times methodology involves assessing MBA programs according to the career progression of alumni, the school’s idea generation, and the diversity of students and faculty.

Top Ten Business Schools in FT’s 2015 Global MBA Rankings

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

HBS alumni may top the ranking for salaries, but Wharton’s doctoral program in business has made it the world’s leading research-based business school with the most articles published in the FT45 list of peer-reviewed and practitioner journals, the FT reports.

You can learn more about this year’s results and methodology by checking out the complete Financial Times ranking coverage.

You may also be interested in:

Rethinking MBA Rankings

The Truth Behind Three Common MBA Rankings Myths

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Wharton’s Social Impact Initiative Welcomes New Senior Fellow

Jonathan Greenblatt, founder of Ethos Water and currently Special Assistant to the President and Director of the White House Office of Social Innovation and Civic Participation, will serve as a Senior Fellow at University of …

Jonathan Greenblatt, founder of Ethos Water and currently Special Assistant to the President and Director of the White House Office of Social Innovation and Civic Participation, will serve as a Senior Fellow at University of Pennsylvania’s Wharton School starting in January, the school announced late last week. 

A serial social entrepreneur, Greenblatt is considered one of the leading experts in the country on social innovation and shared value. Ethos Water, the premium bottled water that helps children around the world get clean water, was  acquired by Starbucks Coffee in 2005.

While working with the Wharton Social Impact Initiative, Greenblatt is expected to lecture on a number of topics for the remainder of the 2014-2015 academic year, including impact investing, shared value, social entrepreneurship, cross-sector leadership, and nonprofit management and strategy.

Last month, Greenblatt was named as the new national director of the Anti-Defamation League, where his service will begin in July 2015.

“We are delighted to welcome Jonathan to Wharton,” says Geoffrey Garrett, Dean of the Wharton School.  “He brings a unique perspective on innovation and leadership, enriched by a rare combination of experiences at the highest level of government, business and the nonprofit world.  We are excited to have him on campus to work with our students and faculty.”

Jonathon was a classmate and friend of mine at Kellogg School of Management, so I’d also like to extend my personal congratulations to him for this latest recognition his important work has received.

 

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