Posts by Matthew Korman

Feb 12, 2018 by

Boston News: MIT Tackles Universal Basic Income, Negative Reviews, and More

universal basic income

Let’s visit some of the biggest news coming out of Boston business schools this week.

12-Year Study Looks at Effects of Universal Basic IncomeMIT Sloan Newsroom

MIT Sloan School of Management associate professor Tavneet Suri, alongside nonprofit company GiveDirectly, will conduct a lengthy, 12-year study into the effects of the constant hot-button issue of universal basic income. UBI is a basic concept that an acting government will assist its citizens by distributing a recurring stipend, supplementing the loss of jobs to things like automation.

“Suri is conducting the research along with MIT professor Abhijit Banerjee, Princeton professor Alan Krueger, University of California San Diego professor Paul Niehaus, and GiveDirectly president Michael Faye. Overall, GiveDirectly expects to transfer $25 million to more than 21,000 people (not including the control group), 5,000 of whom will receive cash transfers for 12 years. The money comes with no strings attached.”

Read more about the extensive MIT UBI study here.

The Costs and Benefits to Responding to Negative Online

When BU Questrom marketing professor Georgios Zervas and USC’s Davide Proserpio looked into thousands of TripAdvisor reviews, they found a fairly surprising turn: hotel managers that actively engaged with reviewers, positive or negative, may have actually helped their overall ratings. Zervas notes that it actually diminished the number of negative reviews because users were more wary when they saw hotel staff members participating in a conversation.

However, the two found that the reversal cause of this interaction was that negative reviews who did leave reviews, after engaging with the hotel staff, tended to leave longer reviews—which often made the negative details much more elaborated and personal. Zervas notes this is still probably good overall, saying, “The remaining negative reviews are detailed and contain constructive feedback that [hotel management] can act upon.”

BU professor Georgios Zervas and USC’s Davide Proserpio found uniquely beneficial ways companies can utilize review sites like TripAdvisor.

Read more about BU Questrom’s study on TripAdvisor here.

What Could Amazon’s Approach to Health Care Look Like?HBR

The Amazon, Berkshire Hathaway, and JP Morgan Chase venture to disrupt the healthcare industry led to a minor panic for other healthcare shareholders, but its potential impact is still fairly uncertain. HBR writer Robert S. Huckman and admitted Amazon shareholder recently explored the potential positive impacts, including simplifying a very complex U.S. healthcare prescription service industry, “simplifying data capture,” and the repeated effort from Amazon to improve its services to regular customers.

On the latter reason, Huckman explains, “Amazon has an internal challenge — managing the health and health spending of its employees — that is shared by many other companies. Yet Amazon likely does not have a full “solution” in mind just yet. Rather, it has ideas and hypotheses to test. By creating a space in which those ideas can be tested, Amazon may be able to play a key role in allocating resources to solutions that show themselves, over time, to be promising.”

You can read more about Huckman’s outlook for Amazon healthcare here.

Stay up to date with all news from the Boston metro, as well as our MetroMBA Boston twitter feed, today.

Posted in: Boston, Featured Home, Featured Region, News | 0 comments

Feb 6, 2018 by

Real Humans of the Syracuse Whitman Class of 2019

Real Humans Syracuse Whitman Class 2019

On the eve of its 100th anniversary, the student body of the Whitman School of Management at Syracuse University has become more diverse than ever before. Not only do most of the students from the Whitman Class of 2019 come from outside the United States, but the majority also earned undergraduate degrees from various non-traditional backgrounds, expanding what it means to be a Syracuse MBA.

Among the Class of 2019, just under half (46 percent) of students in the program identified as female; well over the national average, according to GMAC data. Along with the 61 percent of students arriving from outside the United States, the Class of 2019 shares the unique distinction of being one of the youngest in the country, with an average age of just 25. In an academic field usually dominated by older professionals with rich, traditional backgrounds, Whitman has managed to disrupt many of the perceptions that come with an MBA.

The average GMAT score has been steadily rising over the past several years as well, jumping from 623 last year to 643 for the Class of 2019. But alongside rising test score averages, the prior work experience of the class has fallen, dropping from an average of 38 months to 28 months in just one year.

The expansive talent pool at Whitman, however, isn’t solely limited to the traditional full-time program. The ever-advancing online MBA, known simply as MBA@Syracuse, allows students to study many of the more traditional MBA specialties, including: accounting, business analytics, entrepreneurship, and finance, as well as supply chain management and marketing management. Not only that, Whitman states emphatically that there is no distinct difference in the curriculum of the online MBA and the full-time program. Rather, the only key difference is flexibility. Students in the online program can take classes from anywhere, with residencies offered in multiple cities outside of Syracuse.

To get a greater understanding of what it means to be a Syracuse MBA student, we spoke with several current students, including an Azerbaijan-born startup founder, an Indian-born analytical software expert, and an American dual JD/MBA prospect who is making a huge transition away from a career in Antarctica. Read on to see what’s in store for these students at Whitman and what life after an MBA may look like.

Posted in: Featured Home, Featured Region, New York City, Philadelphia, Real Humans | 0 comments

Feb 5, 2018 by

Philly Schools React to Eagles Super Bowl Triumph

eagles reaction

Philadelphia Eagles fans around the world rejoiced last night, taking home the first Super Bowl victory in the history of the organization. A handful of Philly business schools also joined in the jubilation after the upset of the New England Patriots, sharing a round of joyous reactions.

Drexel University and the LeBow College of Business was among the first to share their reaction to the Eagles victory, posting a celebratory video from University president John Fry.

Temple University and the Fox School of Business were a bit less formal in their congratulatory Eagles reaction, posting the following.

The West Chester Philadelphia campus took things a bit further, lighting up its buildings in heavy Eagles green.

Villanova Business went a bit of a different direction, with students Michelle Maduras (’19 VSB) and Kriya Amin (’19 VSB) review the night’s ads in a live feed. Some of their favorites from Sunday night came from Mountain Dew, Doritos, and, of course, the New York Giants’ Dirty Dancing inspired tribute.

Out of Chicago, experts from the Northwestern Kellogg School of Management revealed their thoughts on the Super Bowl 52 ads, which you can check out over at Clear Admit.

Posted in: Boston, Featured Home, Featured Region, News, Philadelphia | 0 comments

Jan 25, 2018 by

BREAKING: U.S. News Removes Fox Temple From Online MBA Ranking

us news removes temple

In some surprising news coming out of Philadelphia yesterday, the Temple University Fox School of Business Online MBA program—which had been named the best online offering in the country by U.S. News & World Report for the past four years—has been officially removed from the entire ranking due to misreporting admissions information.

According to Robert Morse and Eric Brooks, “the business school significantly overstated the number of new entrants for its 2016-2017 entering class who submitted GMAT scores. The misreported data resulted in the school’s numerical rank being higher than it otherwise would have been in the overall Best Online MBA Programs rankings and the Best Online MBA Programs for Veterans rankings.”

For the ranking, Fox Temple had originally reported that a remarkable 100 percent of applicants submitted GMAT scores for the survey. However, the school eventually informed the publication that only 50 out of 255 applicants actually submitted GMAT scores; less than 20 percent of the class.

Because of the infraction, the Fox School of Business will be completely removed from the 2018 ranking effective immediately. However, it will be eligible for re-entry on the 2019 ranking.

As of 4 p.m. EST, Fox Temple was still advertising its placement in the ranking on its main website.

Earlier this afternoon, Temple released a statement regarding the change, which contained the following:

Once we discovered the error, we took the proactive approach to promptly self-report in order to correct a mistake. The data submitted overstated the number of incoming Fox Online MBA students who had provided GMAT and GRE scores as part of the enrollment process. It was our hope U.S. News & World Report would recalculate its rankings based upon the submission of revised data. However, we accept the U.S. News & World Report decision.

The Fox Online MBA program still embodies all of the qualities of the nation’s top program, regardless of the revised 2018 ranking. Our program has a long-standing reputation as one of the nation’s best online MBA programs.

We are doubling efforts to verify our data before it is submitted for rankings purposes, and we have every expectation that the Fox Online MBA program will return to its rightful place among the nation’s top programs of its kind in 2019 and beyond. Rankings are a byproduct of quality, and our focus will remain where it always has—on delivering high-quality programs and service to our students.

To ensure the integrity of the Fox School’s reported data and reporting, the University is hiring an outside, independent firm to review all of our school’s data reporting processes, including what happened in this instance, and to make appropriate recommendations. I have directed the entire Fox School to cooperate fully with this review.

Fox losing its spot at the top of the rankings is not unheard of. In 2012, George Washington University lost its spot in the U.S. News general university rankings. However, GWU, at the time, was ranked 51st overall. Temple, in this instance, is suffering a much greater penalty for submitting false information.

Stay tuned for more information on the story as it unfolds.

Posted in: Featured Home, Featured Region, MBA Rankings, Online MBA, Philadelphia, US News | 1 comment

Jan 23, 2018 by

How Temple University’s Fox School Remains King of the Online MBA (UPDATED)

Temple online MBA best

UPDATE: Since the release of this article, U.S. News & World Report has removed the Fox School of Business from its 2018 Best Online MBA ranking for reporting falsified application information. This article does not reflect the changes in the ranking.

The Temple University Fox School of Business Online MBA program has been named the best in the United States for the fourth consecutive year by U.S. News & World Report. We recently spoke with Darin Kapanjie—Fox Temple associate professor, Academic Director of the Online BBA, Online MBA, and part-time MBA programs, and the Managing Director of Online and Digital Learning—about the school’s miraculous online supremacy and what the future holds.

Staying at the top of any MBA ranking, not just in one region, but across the entire U.S. for four years, is unprecedented. For Kapanjie, it’s been long enough for him and the rest of the Temple Fox team to start guessing when, if ever, another school will take over.

“We keep waiting for someone else to claim the top spot,” he says. “To be honest, the end of the day we built a program that we believe to be the best in land. We don’t tailor our program to the rankings, it just so happens that the program we built does well in the rankings.”

Unlike many new online MBA programs, which are designed for applicants with less experience, the Fox School of Business Online MBA caters to a more “mature” demographic, he notes.

“The design of our program speaks to a more mature business professional. [Students] average over 12 years of work experience, which is unusual for an online program. That mature population helps with some of the ranking criteria. We’ve also invested heavily in the product we are delivering, we have a team of instructional designers, instructional technologist, technical support specialists, and web developers. We have built our program, marketing, recruiting, and instructional design teams from within, nothing is outsourced. As a result, this team is dedicated to the success of this program. There is a sense of pride and community around the Fox Online MBA.

Despite the Online MBA’s miraculous rise to prominent among business schools, Kapanjie acknowledges that Fox and other schools like it are still competing against traditional MBA programs. However, there are plenty of reasons to prefer the digital format.

Fox School of Business Academic Director Darin Kapanjie

“This is more of a personal preference or pressure from a busy travel schedule from work, than a more attractive alternative,” he explains. “We at Fox understand the market is changing and that online/hybrid learning is the now and will continue into the future. Personally, I believe that in a few years the hybrid and online MBA’s will dominate the market. Online education is being accepted more and more, it’s no longer viewed as a cheaper and easier solution. It’s schools like us and Carnegie Melon, UNC, Indiana, University of Florida, etc. that are dedicated to delivering quality online opportunities that are helping change that perception. Personally, I believe our online program stacks up well against most of the top ranked traditional MBA’s.”

Even with a rich tradition of forward-thinking business school programs located in and around Philadelphia, Fox manages to stand out—particularly among schools offering an online degree.

“We have made a significant investment in online education here at Fox,” he says. “Our entire operation is run in-house and is built for the future. We put a great deal of effort around the entire student experience, from inquiry to alumni. I can’t speak for other schools in the region, I can only say that we believe there is a vast market in need of a high-quality online MBA program and we are listening to that market.”

But to keep Fox’s top spot, Kapanjie acknowledges that the program cannot remain stagnant.

We are building more and more concentrations (mini-major within our MBA) and integrating several dual degree opportunities to widen our net,” he explains. “I personally believe that the dual degrees, MBA/MS, will become more popular in the next few years.”

For more information on the Online MBA at the Temple University Fox School of Business and other MBA offerings, check out our profile on the business school and head over to the official Fox Temple site.

Posted in: Featured Home, Featured Region, Online MBA, Philadelphia | 3 comments

Jan 22, 2018 by

The QS World MBA Tour Is Coming To Toronto

qs world mba tour toronto

The QS World MBA Tour will be stopping in Toronto on Saturday, February 3, 2018.

Potential graduate school applicants attending these events will have an opportunity to connect with alumni from many of the most prestigious schools in the world, including the likes of The Wharton School at the University of Pennsylvania, Harvard Business School, the Stanford Graduates School of Business, and much more.

Details on the event website read as follows:

“The QS World MBA Tour gives you the opportunity to network with admissions directors and alumni from over 120 business schools around the globe. Our fairs feature top local and international business schools presenting a diverse range of programs to choose from and a chance to apply for a pool of exclusive MBA scholarships, totaling $7m [million]! The QS World MBA Tour takes place in 23 cities across the US and Canada; find an event in a city near you and discover the many benefits that an MBA has to offer.”

Registration and further details for the Toronto event can be found here. For those not in the metro, check out the rest of the QS World MBA Tour dates, listed below.

  • Boston: Thursday, January 18, 2018 – 4:30 – 9 p.m.
  • New York: Saturday, January 20, 2018 – 1:30 – 6 p.m.
  • Washington DC: Tuesday, January 23, 2018 – 4:30 – 8:30 p.m.
  • Chicago: Thursday, January 25, 2018 – 4:30 – 8:30 p.m.
  • Los Angeles: Saturday, January 27, 2018 – 1:30 – 6 p.m.
  • San Francisco: Sunday, January 28, 2018 – 1:30 – 6 p.m.
  • Vancouver: Tuesday, January 30, 2018 – 4:30 – 9 p.m.
  • Montreal: Thursday, February 1, 2018 – 4:30 – 9 p.m.
  • Toronto: Saturday, February 3, 2018 – 1:30 – 6 p.m.

Registration and more information on the QS World MBA Tour events can be found here.

Posted in: Events, Featured Region, Toronto | 0 comments