From a rise in average GPA at America’s top business schools to turning happy MBA students into generous alumni donors after graduation—let’s dig into the latest headlines in MBA news and business school admissions. Leave your comments below.
Average GPA on the upswing
Not only are GMAT scores at nationally ranked top business schools inching upwards, but so is the average GPA of incoming MBA students. According to the latest MBA news, a new analysis shows top business schools reporting slightly elevated GPAs for their first-year students who entered last fall compared with the previous year. The biggest jump came at Northwestern University’s Kellogg School of Management, where the recent incoming class boasts an average GPA of 3.60, up from 3.54 the previous year. Three schools said that their entering MBA students’ average GPA remained stable, while the only school that reported a decline was Harvard Business School. … Read full post
Are you applying for a job, internship, or teaching assistant position? We’ve got five easy tips for getting the edge on competitive job applications and interviews. You can use these when applying to just about anything.
Tuck these tips under your belt, and you’ll be strutting your way into a new job—not just a job interview—before you can say, hired!
1. Professionalism in all things digital
Your virtual interactions—and that usually means emails when applying for a job, an internship, or a teaching assistant position—need to convey professionalism and strongly support your candidacy for the position. High-tech communication tends to be overly casual, but neglecting proper etiquette for business communications can send the wrong message.
For starters, think of your email greeting. Then, let the rest of your correspondence follow in a similar tone. Avoid opening an email to a hiring manager with anything as casual … Read full post
From a fascinating survey exploring the “why” of business school, to one dean’s MBA rankings advice, to closing the administrative gender gap, let’s dig into the latest headlines in MBA news and business school admissions. Leave your comments below…please.
Why business school?
The makers of the GMAT, the Graduate Management Admission Council, just published the results of a really interesting survey of nearly 12,000 prospective MBA students worldwide, shedding some light on the raison d’être of business school. A couple of MBA news nuggets from the survey: Almost 30% said they wanted to start their own businesses, up from about 20% in 2010. Slightly more than half (52%) polled said they wanted to go to a business school outside their nation of citizenship, a huge increase from 2010, when just 40% answered this way. Americans were the most averse to this path, with only 5% saying they wanted to attend … Read full post
From Round Two applicants waitlisted at HBS, to a name-changing donation, to Canadian business schools looking to innovate, let’s dig into the latest MBA news headlines on the admissions landscape. Please leave your comments below…we know you have something to say.
What’s in a business school name?
The trend of business schools naming their programs after generous donors who give them large sums of money continues. The latest is Boston University, which is renaming its MBA program the Questrom School of Business thanks to a $50M gift from Allen Questrom, a former department store and retailer CEO, and his wife Kelli. This is the largest donation in Boston University’s more than 145-year history. The school says it will use the funding to create new faculty positions and design a new facility for the school. (Boston Magazine)
The HBS waitlisted 100
Letters of recommendation are an important part of your overall business school application package—they provide the only outside information the admissions committee receives about you. One of the most stressful parts of the application process can be picking your recommender. The first question you should ask is who can write a valuable letter?
Find a recommender who knows you
Like many business school candidates, you may believe that your recommenders must have remarkable credentials and titles to impress the admissions committee. However, what is far more important is selecting individuals who can write a personal and knowledgeable letter that discusses your talents, accomplishments, personality, and potential. If senior managers at your company can only describe your work in vague and general terms, they will not help your cause, but lower-level managers who directly supervise your work, on the other hand, can often offer powerful examples of the impact you have … Read full post
When assessing business school options and your plans for how to pay for an MBA, the “money issue” is nothing if not multi-faceted. Graduate degrees are an investment. Like any other investment, there is a considerable upfront cost—a cost that continues to increase at many top business schools. Some graduate students are fortunate enough not to have to secure a student loan to help them pay for business school, but unfortunately, most will need some type of financial aid. So, how do you pay for business school once you’ve been accepted?
The student loan market
In 2013, the student loan ombudsman at the Consumer Finance Protection Bureau (CFPB), Rohit Chopra, declared the student loan system in the United States economy “too big to fail.” The student debt market, comprised of public and private lenders, shot past $1 trillion in the early part of that year and continues its relentless … Read full post
From top business schools reporting competitive acceptance rates, to a spike in GRE test takers, to the true cost of an online MBA, to one HBS student who cashed in when she dropped out, let’s dig into the latest headlines in MBA news and business school admissions. Please leave your comments below…we know our readers aren’t shy.
Top business schools remain VERY competitive
Although applications to some top business schools were down a bit in the last cycle, the reality is that gaining admittance to an elite MBA remains extremely difficult. Just how competitive are these programs? The University of Chicago’s Booth School of Business posted an acceptance rate of 24%, while the Wharton School at the University of Pennsylvania reported an acceptance rate of about 21%. The University of California Berkeley’s School of Business and MIT Sloan’s admit rates are a mere 13% and 14%, respectively…. Read full post
GMAT or GRE?
From a strong MBA job market in real estate, to business schools with the best career services, to an awesome infographic from U.S. News & World Report’s 2016 MBA rankings, let’s dig into the latest headlines in MBA news. Please leave your comments below…we know aspiring business students aren’t afraid to voice their opinions—just pretend it’s your boardroom.
An MBA’s market in real estate
As the real estate market continues to gain strength after the financial downturn in 2008, global real estate firms are looking to top-ranked business schools like Wharton, Cornell Johnson, and the UK’s Henley Business School for fresh talent. Job opportunities in this area grew by 23% in 2014. What a difference a couple of years can make. (BusinessBecause)
Cream of the career services crop
No business student should be a stranger to the career services office. The folks there (at least the … Read full post
As we’ve mentioned previously on the blog, business school graduates are no longer limited to jobs in traditional fields like investment banking, consulting, and financial services. In recent years, there’s been increasing opportunity for business students to pursue MBA specializations that prepare them for careers in tech, entertainment, music, and healthcare.
So, how do you choose from among so many possible MBA careers, especially if your interests lie off of the beaten path? One option is to enroll in a business school that’s well-known for a niche MBA specialization.
Find your management niche
As Nancy Hass points out in an article in the New York Times, graduate schools of business have been champions of specialization over the last few decades: “Since 1990, the year that the Association to Advance Collegiate Schools of Business International, the main accreditation board for business schools, changed its guidelines to … Read full post
From U.S. News & World Report’s 2016 rankings and its discontents, to a resurgence in banking industry jobs, to networking like an American, let’s dig into the latest headlines in MBA admissions and business school news. Please leave your comments below … we know aspiring MBA students aren’t shy.
The U.S. News rankings have arrived
It’s Christmas in March for MBA rankings aficionados. Last week, U.S. News & World Report released its 2016 list of the 100 best business schools in the country. Stanford GSB got the overall win, HBS placed second, and UPenn Wharton showed up in third. How did other business schools do? Check out the rest of the U.S News rankings here. (U.S. News & World Report)
The winner and losers
What would a rankings list be without winners and losers? The biggest winners in the 2016 U.S. News rankings were several MBA programs that … Read full post