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Top Business Schools Respond to Repeal of Diversity Guidelines
Diversity in the college admissions process was dealt a blow in early July when the Trump administration withdrew a guidance that encouraged affirmative action in regards to enrollment. The move was announced when the departments of Justice and Education retracted several letters and memos that advised schools on how they could consider diversity in admissions and other various decisions. Continue reading…
The International Blockchain, Financial Planning, and More – Los Angeles News
We’ve rounded up the biggest stories coming out of the Los Angeles metro this week.
The NBMBAA Scale-Up Pitch Challenge – National Black MBA Association, Inc.
The National Black MBA Association is inviting students to participate in the 2nd annual Scale-Up Pitch Challenge this summer as part of the organization’s broader goal of awarding $2 million in business grants to its membership. The competition gives members a chance to “Make Big Ideas Bigger,” pitching concepts for scaleable startups and connecting them with early stage investors. The winning team will be awarded a $50,000 grand prize at the 40th Annual NBMBAA Conference & Exposition in September
Starting with online submissions, top contestants will be chosen to compete in live pitch events taking place in Atlanta, GA and Los Angeles, CA. The Los Angeles Live Pitch event will take place on August 17, where five finalists will be awarded with complimentary conference registration, hotel and airfare for the finals in Detroit.
Read more about the NBMBAA and the Scale-Up Pitch Challenge here.
$25,000 Grant Funds Student Travel to Personal Financial Planning Conference – Mihaylo Newsroom
Thanks to a $25,000 grant from the McBeth Foundation, students in the Personal Financial Planning program at California State University, Fullerton’s Mihaylo College of Business had the opportunity to visit the Financial Planning Association Annual Conference. The McBeth Foundation supports individuals and groups that are leaving a mark on Southern California communities.
More than 2,000 certified financial planners gathered in Nashville this past October, making the conference the largest gathering of Certified Financial Planners in the world.
David Nanigian, Director of the Mihaylo Personal Financial Planning Program (center) along with students at last year’s event / Photo via business.fullerton.edu
Both student and faculty at the conference commented on the workshops and networking opportunities that have influenced the way they think about financial planning. “I became more aware of the impact young prospective financial advisers, such as myself, will have in educating and planning for various clients,” said Mihaylo finance student Victoria Martinez (’18). “It was useful to have the opportunity to ask professionals what their day-to-day looks like and what to expect out of a financial planning career.”
You can learn more about Mihaylo’s financial planning program and the event here.
Field Study Team Assessing Feasibility of Blockchain Technology as Key to Sustaining Guyana’s Indigenous Communities Earns Inaugural Impact Award – UCLA Anderson Blog
The Impact Alumni AMR Award, established earlier this year, was recently awarded to a team of UCLA Anderson MBAs for the impact made during their Applied Management Research Project, a field study assignment, and capstone of the Anderson full-time MBA.
The team of MBAs, made up of Anderson students’ Miriam Leah Feygenson, Vasiya Krishnan, Anubhav Mishra, Harshita Mishra, and Yuhei Iwasaki, were awarded for their work assessing the feasibility of blockchain technology to solve challenges of the Community Development Plan in Guyana. To celebrate their work, the Impact Alumni AMR Award included a $5,000 prize.
“An important objective for Impact@Anderson is to integrate impact into the core competency of the MBA program, so that all MBA graduates seek out opportunities such as social impact AMRs to be able to positively contribute to society during their time here and beyond” saidd Impact@Anderson executive director Bhavna Sivanand (’14). ”
Learn more about the Impact AMR Award here.
GMAT Scores, International Students Jump at NYU Stern
Last week, the NYU Stern School of Business shared a preliminary profile of its Class of 2020. Even amid some declines, the school showed gains in the diversity of its class and added a few points to the average GMAT score for incoming students.
This year saw 3,781 applicants—down from 3,927 for the Class of 2019. Among the new applicants, 876 were admitted (23 percent) and a total of 375 enrolled. Last year, 822 applicants were admitted (21 percent), yielding 402 enrolled students.
Although the percentage of female students dropped slightly from the previous year (38 to 35 percent), the Class of 2020 is more global than the Class of 2019. International students increased from 37 percent last year to 39 percent, even as overall international MBA application volume to U.S. schools faltered.
“International applications were down about 10 percent this year, but they still represent about half of total applications, so we had a very strong pool of applications from which to admit,” an NYU spokesperson says.
The percentage of minority students held steady at 29 percent—the same as the previous year. But of those, 13 percent this year are underrepresented minorities (U.S. citizens and permanent residents who identify as African American/Black, Hispanic, or Native American/Alaskan Native), up 2 percentage points over the Class of 2019.
The average GMAT score for incoming students this year increased to 717—a three-point gain over the previous class. However, the median GMAT maintained the same score as the previous class, sitting at 720. At the same time, applicants opting to submit GRE scores instead of GMAT scores jumped from 12 to 19 percent, while the average GPA slipped slightly from 3.48 to 3.45.
The NYU Stern Class of 2020 sported a 717 GMAT average; three points higher than the previous class.
The Class of 2020 has a diverse educational background. Approximately 29 percent of students studied business as undergrads, more than any other major. Another 20 percent of the incoming class have degrees in engineering, math, and science. Economics, humanities, and social sciences majors make up the rest of the class, totaling 18 percent, 17 percent, and 16 percent, respectively.
Stern also continued its efforts to recruit military veterans and active duty service members, including through the Fertitta Veterans Program. Now in its second year, the program underwrites more than half of the tuition bill for approximately 20 incoming students annually. Veterans and active duty service members comprise 7 percent of the Class of 2020, similar to last year.
The average work experience among incoming students increased from 4.9 years for the Class of 2019 to to 5.3 years this year. More than a quarter—26 percent—of the Class of 2020 comes in with previous experience working in financial services, and another 13 percent come from consulting. The three next largest feeder industries are technology, entertainment/media, and military/government, making up 9 percent, 7 percent, and 7 percent, respectively. With regard to post-MBA career aspirations, members of the Class of 2020 are increasingly interested in consulting, technology, entrepreneurship, and healthcare.
Click here or more information on the NYU Stern Class of 2020.
This article has been edited and republished with permissions from our sister site, Clear Admit.
Finding the Best MBA Internship Destinations in the Pacific Northwest
The Pacific Northwest MBA job market has been rapidly expanding for years. The region is packed full of corporate giants, technology startups, and many more lucrative companies MBAs know fully-well, such as Starbucks, Amazon, Boeing, and Microsoft. Continue reading…
Northwestern Research Finds Secret to Hot Streaks, and More – Chicago News
Let’s explore some of the most interesting stories that have emerged from Chicago business schools this week.
When You’re Hot, You’re Hot: Career Successes Come in Clusters – Kellogg Insights
In a new Nature paper, Northwestern Kellogg Associate Professor of Management and Organizations Dashun Wang and his co-horts reviewed the “career histories of thousands of scientists, artists, and film directors [and] found evidence that ‘hot-streak’ periods,” in which professionals seem to stumble upon major discoveries, “are both real and ubiquitous, with virtually everyone experiencing one at some point in their career.”
Wang, along with visiting student Lu Liu, Kellogg post-doctoral student Yang Wang, the University of Miami’s Chaoming Song, Central European University’s Roberta Sinatra, and Penn State’s Lee Giles, discovered that their findings “shed important new light on the patterns underlying success in all fields, and could be used to improve decisions about tenure, promotions, and hiring.”
You can read more about the group’s research here.
From Croatia’s World Cup Run to the Marketing Classroom – Quinlan School of Business Blog
Loyola Quinlan Clinical Professor of Marketing Katherine Sredl, who happens to be Croatian, heralded the “indescribable joy and pride” Croatians worldwide felt for the World Cup’s second-best team, due in large part to “the country’s small size and the strength of our competition.”
Professor Sredl explains that the pride she and her fellow Croatians feel for their country motivates her to “tell the stories of the people of the region, from the most to the least powerful and those in-between, women who worked in factories and are now unemployed, men who fought in the war and are now working to sustain peace.”
She adds that she hopes to serve the Bosnian, Croatian, Serbian students at Quinlan “by showing them that they can take that “Indescribable” feeling they might have—be it about the place they love or anything else — and reflect on how they can use it to “Go forth and set the world on fire,” as St. Ignatius inspired us and as we say at Loyola.”
Notre Dame IDEA Center Launches 27 Startups in First Year of Operation – Mendoza Ideas & News
The University of Notre Dame Mendoza College of Business announced that between July 2017 and June 2018, its IDEA Center launched 27 startups, 11 of which directly involve Mendoza students or alum.
The startups run the gamut industries, from health care to information technology, law, and media. The startups collectively “raised more than $4 million in investments or grants, created 83 new jobs, launched 23 products, and generated more than $500,000 in sales.”
The IDEA Center’s mission is to “build an ecosystem of high-potential startups in the South Bend-Elkhart region that grow rapidly and then attract venture capital, entrepreneurs and an increasing number of startups that create more jobs, all in a virtuous cycle of economic development.” Bryan Ritchie, Associate Provost and Vice President for Innovation, elaborates:
“The success of the IDEA Center’s strategy indicates that a strong focus on startups in the South Bend-Elkhart region will lead to the potential for significant economic growth, such as that seen in other technological hub cities in the country. In time, we believe this region will retain and attract even more of tomorrow’s brightest, most innovative minds.”
You can check out more about the IDEA Center here.
Inside the McCombs MBA Class of 2020
After its exhaustive evaluation of more than 2,000 applications from around the world, UT Austin’s McCombs School of Business just released a first look at the profile of its full-time MBA Class of 2020. This coming year, the admissions committee chose a diverse and highly driven cross-section of MBAs-to-be.
Meet the McCombs Full-Time MBA Class of 2020
The McCombs admissions team thoughtfully considered the class by connecting with applicants through a variety of outlets including MBA events, the online application, and applicant visits to campus. Here are a few of statistical highlights McCombs wants to share about its incoming students:
- 289 students total
- 38 percent female
- 25 percent international students
- 703 average GMAT score
- 5.6 years of work experience on average
- 28 years old on average
The experience the incoming Class of 2020 will bring to campus is equally diverse. The top four pre-MBA industries include consulting (15 percent), finance/banking (14 percent), technology (13 percent), and energy (13 percent). Other industries represented in the class are government, consumer products, media/entertainment, healthcare, real estate, manufacturing, non-profit, retail, travel, and venture capital, among others.
Part of what helped the McCombs admissions team assemble such an accomplished incoming class is the school’s increasingly strong performance in closely watched MBA rankings. The school’s MBA program was ranked 17th by U.S. News and first place in terms in the category of “Best Value.” This later accolade was influenced in great part by the strong return on investment McCombs graduates report and the support of a dedicated career management team. Some 92 percent of the Class of 2017 received job offers with an average starting salary of $116,403, along with a signing bonus of $28,280.
Apply for the McCombs Class of 2021
If you’re interested in joining McCombs’ next full-time MBA Class of 2021, applications open soon. You can prepare by taking a look at the school’s new application essay topics, attending an upcoming MBA event, or reading McCombs’ GMAT/GRE blog series.
This article has been edited and republished with permissions from our sister site, Clear Admit.
Monday Links: New MBA Jobs at Wolters Kluwer, BMO, and More
The ultimate goal of all MBA candidates is to get the best possible job following graduation. With so many great companies recruiting so many talented MBAs, it’s hard to stay on top of all the MBA jobs out there! Here’s a selection of some of the top open positions out there right now:
Fighting Fake News, Working Mothers, and More – Boston News
Let’s explore some of the most interesting stories that have emerged from Boston business schools this week.
Lazy Thinking, Not Political Bias, Drives Fake News – MIT Sloan Newsroom
MIT Sloan Associate Professor David Rand and the University of Regina’s Gordon Pennycook recently published a new study that illuminates what actually perpetuates fake news—a “lack of analytical thinking.”
Professor Rand writes, “Our study suggests that falling for fake news is a symptom of cognitive laziness rather than motivated reasoning or self-deception. That is, contrary to popular belief, it is not the case that people are thinking too much about the wrong things. Rather, a little thinking might go a long way to fix the problem of fake news.”
In a study that surveyed “3,446 participants to rate the accuracy of headlines from actual news stories from Facebook,” the duo found that “people who engage in more analytic thinking, as measured by the Cognitive Reflection Test, are better at discerning true from false—regardless of identified motivations or political biases.”
You can read more about the research here.
What’s Your Carbon Footprint? You Probably Have No Idea. – D’Amore-McKim Blog
In a recently published study, D’Amore-McKim Professor Amir Grinstein surveyed 1,000 people to “guess the amount of CO2 emitted from burning one gallon of gasoline and the amount of calories in one gallon of whole milk.”
The goal was to “examine people’s knowledge of their own carbon footprint and how they can better educate themselves about the real impact they have on the environment.”
Grinstein believes that in order to change the public’s understanding of its own carbon footprints, they must have a “better understanding of how CO2 emissions play a role in everyday life allows people to decide if they’re willing to step up and change.”
Check out the full article here.
Kids of Working Moms Grow Into Happy Adults – Working Knowledge
New research from Harvard Business School Professor Kathleen McGinn found that, despite the narrative, working mothers often lead to happier and more successful children.
McGinn, the Cahners-Rabb Professor of Business Administration, says, “People still have this belief that when moms are employed, it’s somehow detrimental to their children. So our finding that maternal employment doesn’t affect kids’ happiness in adulthood is really important.”
The preliminary results of McGinn’s work were originally published three years ago, specifically regarding the career success of daughters of working mothers, in contrast to stay-at-home mothers.. When the story reached The New York Times, however, there was some obvious blow-back. McGinn recalls:
“Many decried the research as another installment of the ‘mommy wars.’ But the most common response was from mothers who suffered guilt, self-doubt, and disapproval from others. They found our preliminary results to be welcome news.”
However, McGinn’s research, which was conducted alongside Mayra Ruiz Castro of Kingston University in the UK, and Elizabeth Long Lingo of Worcester Polytechnic Institute, found that the careers of sons of working mothers were not generally effected. Rather, their attitudes were different in contrast to stay-at-home-mothers.
“Sons are influenced in other ways when their moms work. The sons of employed mothers hold significantly more egalitarian gender attitudes—even more so than the daughters of stay-at-home moms, a finding that surprised McGinn because it shows that the influence of maternal employment may even outweigh well-documented sex differences when it comes to shaping people’s mindsets about appropriate roles for men and women.”
You can read more of the ground-breaking research here.
Babson Olin Graduate School of Business Names Keith Rollag New Dean
Earlier this month, the Babson College F.W. Olin Graduate School of Business named its new dean: Keith Rollag. A management professor with over 17 years of experience teaching entrepreneurial leadership at Babson, Rollag was chosen for his campus leadership and his vision for the graduate school’s future. Continue reading…
Supply Chains, Rankings Changes, and More – Philly News
We know it’s hard to keep up with the news while you’re enjoying your summer, so we put all the latest Philly MBA news in one place just for you!
How UD MBA Grad Lisa Weaver Saved DuPont $8 Million and Counting — UDaily
Lisa Weaver, an MBA graduate from the Delaware University Lerner College of Business and Economics, was recently named to the Institute for Supply Management’s 30 Under 30 Supply Chain Stars list. As category manager for DuPont’s sourcing and logistics department, Weaver led initiatives resulting in more than $8 million in savings.
In a recent Q&A with her alma mater, Weaver explained how her experiences at UD influenced her career in supply chain management.
“Lerner resources like the Career Services Center allowed me to find the right jobs for me at the time,” she said, adding:
“Additional programs like the Graduate Executive Mentors program allowed me to expand my network and develop a relationship with a mentor. My mentor has challenged my thinking, increased my confidence and provided alternative perspectives. Each of these experiences through Lerner have influenced my career in a different way and provided additional capabilities to be successful.”
You can read more about Weaver’s impact at DuPont and her Lerner experience here.
Faculty Quality, Other Factors Propel Penn State Smeal Executive MBA — Smeal News
The Executive MBA Program at Penn State’s Smeal College of Business was ranked as the 26th overall and 7th among programs from public institutions in The Economist’s 2018 recent list of top global EMBAs.
“What makes the Smeal Executive MBA Program truly unique and led to a successful debut in today’s rankings is our unmatched combination of faculty quality and the unique access our students have to those amazing resources,” said Managing Director Jason Stieg. “The program delivers every course in a face-to-face environment using the same renowned faculty who teach in Smeal’s full-time residential MBA program at University Park.”
Smeal’s EMBA in Philadelphia is one of the top ten public programs in the world, according to The Economist.
The Philadelphia-based Executive MBA takes place over 17 months, and is the highest-ranked Philadelphia-area program. You can learn more about the program here.
Saint Joseph’s Offers Exclusive Healthcare MBA Program for American Osteopathic Association — SJU News
According to a recent press release, Saint Joseph’s Haub School of Business has announced a healthcare-focused Executive MBA program designed exclusively for the American Osteopathic Association’s physician members.
“An executive MBA in health care expands doctors’ knowledge of industry challenges and solutions and allows them to prepare for their next steps—career shifts into administration, consultancy, or running a private practice,” said Joseph A. DiAngelo, dean of the Haub School. “We are proud to equip healthcare leaders with such valuable skills.”
The program offers participants an online, two-year MBA while also simultaneously completing medical education credits. To learn more about the executive MBA in health care program, or to learn how to apply, click here.
Temple Fox Business Dean Moshe Porat Resigns – MetroMBA
Months after Temple University’s Fox School of Business was removed from the U.S. News & World Report rankings earlier this year, Moshe Porat—the long-time dean of the business school—was officially asked to resign while the internal structure of the school goes into rebuild-mode.
No news has been released as of yet of Porat’s replacement, or which methods Fox will offer to change in the future when it comes to school rankings. You can read more about his resignation here.
How to Find Your Role with Healthcare Giant McKesson
Since 1833, McKesson has been one of America’s most successful companies, known for its world-class health care systems including medical supplies, pharmaceutical products, medical technology, and care management tools.
Founded in New York City and now headquartered in San Francisco, CA, McKesson is a Fortune Global 500 company with the fifth highest revenue in the U.S. In 2017, the company generated $198.5 billion in revenue through its extensive network infrastructure in the health care industry. Continue reading…
In Search of the Best MBA Internships in the Bay Area
It’s not just the entrepreneurship and technology boom of the past thirty years that has brought San Francisco into prominence as a major city for business. In fact, the city’s legacy as a center for banking and finance can be traced all the way back to the years of the gold rush. From it’s nickname as the “Wall Street of the West” to its role today as a hub for technology and social media companies, San Francisco has long been a city where young business professionals can thrive.
MBA programs in the metro offer opportunities for students to connect with local organizations through Bay Area internships and corporate partnerships. These internship opportunities, the majority of which are arranged through campus recruitment or university networking, frequently open the door for full-time employment and ongoing career training. Below, we’ve rounded up just a few of our favorites.
The Best Bay Area Internships for MBAs
Amazon consistently makes the lists of top employers, both for full-time positions and summer internships, for graduates from universities like the UC Davis Graduate School of Management, SJSU’s Lucas Graduate School of Business, and the Haas School of Business at UC Berkeley.
This likely doesn’t come as a surprise. With an extensive reach into the retail, tech, and entertainment industries, Amazon has made headlines in the past years for its vigorous hiring of MBA students and graduates. In 2015, the company was the number one employer for graduating MBA students, and it doesn’t look like that trend will change any time soon.
Amazon has hired more Haas MBAs for employment and internships than any one company has in recent history (33 in 2017). There are also currently 165 Haas alumni already working at the company, who continue to play a large role in the recruitment and onboarding process for new hires.
One reason that might explain the staggering number of Haas MBAs joining Amazon is the company’s vigorous recruitment process, which begins early in fall and provides practice for case interviews. According to MBA alum Carolyn Chuong, now a Senior Product Manager at Amazon, the Amazon corporate culture and Berkeley’s academic philosophy are a good fit for each other.
“Haas and Amazon have cultures that value feedback,” she said.
San Francisco’s role today as a hub for technology may help explain why Cisco Systems, an American multinational technology company headquartered in San Jose, is one of the top internship destinations for MBA students at schools like Haas, SJSU, and the University of San Francisco School of Management.
For students both in and out of the tech fields, Cisco offers internship opportunities in fields like marketing, security, supply chain, operations, human resources, and more. Schools like the San Jose State University even offers special opportunities through their corporate partnership with Cisco, such as a unique MS Software Engineering, specialization in cybersecurity available only for employees.
Listed in 2017 as the most visited website in the world, Google seems to have no limits to how far the company might grow. Headquartered in Mountain View, California, Google now employs more than 85,050 people around the globe. Talented MBAs who can break into the company can make, on average, nearly $6,000 per month as an intern, not to mention attractive benefits like free food, gym membership and transportation. Simply put, a stop at Google is one of the most attractive Bay Area internships out there.
Not surprisingly, Stanford University Graduate School of Business and Berkeley Haas have the most alumni currently with Google. San Jose State University and UC Davis grads are also prolific at the company, among other top schools like Cornell, Harvard, and MIT. Landing an internship at Google can be an incredibly challenging process. With high rates of alumni from California schools working at the company, students can leverage their university’s professional network to make connections and get their foot in the door.
Tesla, a multinational corporation specializing in renewable energy, offers a large number of internships and co-ops for MBA students. With its headquarters in Palo Alto, CA, and a commitment to taking on some of the world’s most important problems, it’s understandable why students at schools like USFCA, UC Davis, and SJSU seek out internship opportunities with the company.
“My experiences as a Tesla intern are some that I will take with me for the rest of my career,” one Tesla intern said on her experience. “I had the opportunity to tackle problems that were challenging, unique, and relevant—and within several weeks, I was trained to weigh in on decisions that would affect an entire production line.”
According to Tesla, interns and co-ops will be matched with teams and projects based on their background and career goals. Many Tesla interns have returned to the company in a full-time role after graduation.
Improv, Luxuries, and Napoleon: Check out These 10 Unique MBA Courses
Business can often be unfairly characterized as a dry field. But not every business school course fits the stereotype. Check out these 10 unique and interesting MBA electives.
Napoleon’s Glance
Columbia Business School offers this fascinating course in strategic intuition. The curriculum uses the teachings of early strategy literature as its foundation, though the bulk of readings and lectures are based on the content of two contemporary books on the subject: Napoleon’s Glance and The Art of What Works. William Duggan, the author of both books, leads the course. Duggan is a strategy expert and won the Dean’s Award for Teaching Excellence in 2014.
Food and Agribusiness
This Harvard Business School course allows MBA’s to delve into the study of the global food industry. This course is helpful for B-schoolers specifically seeking a career in agriculture, or simply those pursuing consulting or investment banking, since the food industry is so expansive. The course explores the nuances of agribusiness, including how the once strictly local industry has become increasingly globalized.
Luxury Marketing
Another eyebrow-raising Harvard Business School course, Luxury Marketing helps students understand the nuances of luxury brand management. Specifically, the class will be structured in terms of three larger topics: The art of creating luxury brand equity, understanding the luxury sector, and the future of luxury. The course has seen lecturers like world-famous fashion blogger Chiara Ferragni.
HBS doesn’t just offer traditional MBA courses. Students interested in the finer things can also study Luxury Marketing.
Improvisational Leadership: In the Moment Leadership Skills
Improv as a means of facilitating team building and creative thinking is a growing trend in business. That’s why MIT’s Sloan School of Management offers an entire course on improv in business. The first two weeks essentially function like an Improv 101 course, with students learning the fundamental principles of improvisational performance. The subsequent four weeks focus on application, allowing students to practice applying improv principles to real-world business decisions.
Sure, it’s not Second City, so don’t expect students to make a Comedy Bang! Bang! appearance any time soon, but the course can help one develop skills not actively taught at most other business schools.
Leveraging Neuroscience for Business Impact
At University of Pennsylvania’s Wharton School, the faculty understands the value of understanding the human brain in honing business acumen. This course demonstrates just that, as it educates MBA’s in the most recent neuroscience breakthroughs and how this information can be used to predict consumer behavior, manage employees, build teams, and enhance workplace productivity, as well as honing leadership skills.
Next Gen Fashion Retail
Though clothing fads aren’t the first thing people usually associate with MBA education, fashion is its own industry, and a cutthroat one at that. As part of its Luxury and Fashion MBA, New York University’s Stern School of Business offers a course on the future of fashion retail. In this course, students learn about the ever changing fashion landscape and the challenges that lie ahead as the internet cuts out the middleman between brand and customer.
Creativity
Though analytical thinking is important for many aspects of business, creativity is the driving force behind most innovation and problem-solving. NYU Stern’s Creativity class nurtures students’ potential for true out-of-the-box thinking in both work and life. MBA’s learn about the science of creativity and experiment with different creative approaches to problems.
Nobel Thinking
In the Nobel Thinking course at London Business School, students use actual Nobel Prize-winning topics to explore what makes a groundbreaking idea and how to emulate the type of thinking that leads to real breakthroughs. Each session chooses a topic, led by a faculty member, and explores the idea, motivations, and contributions that led to the Nobel award. The elective makes full use of LBS’s notable faculty as well as a number of guest lecturers.
The Nobel Thinking course at LBS utilizes the school’s vast array of celebrated guest lecturers.
Self Awareness
London Business School also offers a Self Awareness course that helps B-schoolers learn about themselves, and their own needs and motivations. Though studying self awareness may seem more like therapy than school, more and more MBA programs are emphasizing the value of authenticity in business. Relationships are essential in business, and the Self Awareness elective trains students to understand how they are perceived by others, so they can build connections and trust as they navigate their industry.
Cleantech to Market
At UC Berkeley’s Haas School of Business, MBA’s who take the Cleantech to Market course get to team up with scientists from the Lawrence Berkeley National Laboratory to work on marketing advances in in solar, biofuel, battery, and smart grid/energy management tech. Business students help scientists commercialize the latest advances in sustainability.
The UC Berkeley Haas School of Business Cleantech to Market bridges the talent’s of the schools MBA candidates and scientists from the Lawrence Berkeley National Laboratory.
The Fastest California MBA Programs
Earning an MBA in no simple task, and takes commitment on several levels. Of course there’s the financial commitment and, for those in part-time programs, there’s also a work commitment. There’s also a large time commitment involved—prospective MBAs must sink time into studying, attending class, immersion courses, case competitions, and the like. Continue reading…
Columbia Research Identifies Customers At Risk, and More – New York City News
Let’s explore some of the most interesting stories that have emerged from New York business schools this week.
Online Companies Beware: New Columbia Business School Research Reveals That Customers With High Activity May Be At Risk Of Leaving the Company – Columbia Business School Blog
Columbia Business School professors Eva Ascarza and Oded Netzer recently published new research that explores how “customers end their relationships with companies in new and unpredictable ways.”
Professor Ascarza writes, “Companies need to understand the ramifications of this paper, because in the digital age, the landscape on customer retention has changed. Unlike the past when a consumer might have had to physically call to end a relationship with a company, today some customers are leaving without saying goodbye.”
Professor Netzer adds, “When it comes to customer retention levels, the most important thing is acknowledging that, in this new hybrid setting, there are indeed two unique types of customers who are at risk of ending their relationship with a company.”
“If businesses want to continue amassing and retaining loyal customers, they need to identify which customers belong in which bucket and then study their individual behavioral patterns so that they can take the appropriate measures to stop them before they walk out that virtual door.”
You can check out the article and the full study here.
Analytics Career Fair Draws Dozens of Recruiters to Meet Business Students – Stevens Institute of Technology School of Business Blog
The Stevens Institute of Technology School of Business Intelligence & Analytics program recently hosted a networking event in which Bed Bath & Beyond VP of Consumer Analytics Melanie Murphy spoke “with dozens of master’s students about how their analytical insights create value in business.”
Of Stevens’ Biz Intelligence & Analytics program, Murphy writes, “The program is so well balanced, from data, to different types of analytics, to the business intelligence perspective—and the students are incredibly smart.”
She adds, “You can tell, in talking with these students, that they’ve had that experience of getting in front of people and sharing ideas.”
Bed Bath & Beyond VP Melanie Murphy (right), talks with Stevens Business Intelligence & Analytics students / Photo via stevens.edu
According to the article, recruiters from Robert Half, L’Oreal, Jefferies, and UBS, among companies, “attended the event to meet and ask questions of students about their research.”
L’Oreal Assistant VP of Human Resources Information Services Gary Winant “brought in a Stevens team to examine turnover in a particular department, and use predictive tools to recommend solutions.”
He writes, “The students here come ready to work. I met with the students twice and was impressed by their commitment. We came back to them three months later with additional questions and even though the project was over, they took the time to respond in detail.”
You can read the full report from this year’s Business Intelligence & Analytics program here.
Graduate Students Provide a Helping Hand for New Business Owners – Gabelli Connect
Fordham’s recent Entrepreneurial Law Clinic was a joint effort between the Gabelli School of Business and Fordham Law, which “brought together students to work on behalf of … social ventures that seek to create positive change in society and companies founded by low-to-moderate income entrepreneurs who otherwise would be unable to afford an attorney.”
One business the Entrepreneurial Law Clinic supported was ConBody, “a boutique gym where New Yorkers learn a workout regime” its proprietor Coss Marte developed in prison. Marte, who received business training at “Defy Ventures, a non-profit that helps formerly incarcerated individuals start businesses,” got legal counseling from Fordham law students and fundraising advice from Gabelli students.
He writes, “They’re absolutely geniuses. They shot me questions that I never really thought about, and I was like, ‘Oh, I should do that.’ They were really on top of their stuff, and really hungry in helping me.”
You can check out the full piece here.
Best MBA Internship Opportunities in the Northeast
There’s no doubt that summer internships play a critical role in an MBA student’s education and career. Not only do internships provide students with the opportunity to gain hands-on experience in the workforce, but they’re also known for helping students develop professional connections and earn top-tier salaries.
But not all internships are made equal, especially for talented business school prospects. For example, working at Apple would likely have a very different effect on an MBA’s resume than working for a small, unknown startup company down the street. And if you’re looking at the top cities across the U.S. where companies actively recruit talent, you can’t go wrong with Boston, New York City, or Philadelphia for your location. But which is the best?
In this article, we highlight the top internship destinations in each city along with the top two schools in each area that will get you where you want. Continue reading…
Financial Times Ranks the Top MBAs for Entrepreneurs
Leading entrepreneurs in the business world today can often be seen as trailblazers, standing strong and independent in an often cutthroat world. What isn’t seen as often is the kind of support—whether financial capital or mentorships—that can help get an idea off the ground. In recent years, business schools and MBA programs around the globe have made this kind of support for new businesses a core part of their operation, often offering entrepreneurship majors, business pitch competitions, startup incubators and more.
Each year, The Financial Times releases their ranking of the best MBA programs for entrepreneurship, helping up-and-coming entrepreneurs to make informed choices about the best program for their career and startup goals. Its latest ranking, for 2018, has just been released.
The 2018 ranking of the top MBA’s for entrepreneurship compiled fifty schools from around the world. A number of factors went into determining which schools would make the grade, including the percentage of graduates who started a company after earning their degree, percentage of female entrepreneurs, the extend to which funding from the school or from the school’s alumni network helped in the creation of new businesses, and more. These factors combined would help decide in what position a school would fall on the ranking.
This year, schools in the United States took the top three spots on the list: the Stanford Graduate School of Business, the F.W. Olin Graduate School of Business at Babson College, and the Tuck School of Business at Dartmouth College. Two UK business schools—the Lancaster University Management School and the Cass Business School—rounded out the top five.
Despite dipping numbers of students, the Stanford Graduate School of Business entrepreneurship program is still the top-ranked in the world, according to the Financial Times.
At Stanford, although it still ranked as the best school for entrepreneurship globally, there was actually a significant drop since in the number of students starting a business within three years of graduation. This year, it was just 22 percent of students compared with last year’s 36 percent. Babson College’s Olin Graduate School of Business also witnessed a drop; from 52 percent last year to 37 percent in 2018.
One explanation for the drop, however, is not that interest in entrepreneurship is declining, but instead being taken on more as a ‘side hustle’ than a full-time career. This was certainly the case for Samantha Penabad, a former strategy manager at Accenture and MBA at Berkeley’s Haas School of Business, who has been working on a digital donation platform called GivingFund. Although she didn’t intend on becoming an entrepreneur when she started business school, tutors at the university helped her to develop a business plan and a fellow student with finance experience joined as a co-founder. The service is scheduled to launch later this month.
But GivingFund remains a side job for Penabad, who will be taking on a full-time job in strategy and operations at Google in New York after graduation. As a result, someone like Penabad will be not be included in data for students starting businesses after graduation, but among those accepting full-time jobs. Students pursuing similar paths—working full-time but starting businesses on the side—may help explain the dip in entrepreneurship that many MBA programs are witnessing.
One reason behind this trend may be the fact that many students see a full-time role as just one step to eventually starting their own company. By putting their skills to work at a top company like Amazon or Google, students are able to more quickly pay off their student loans, which means eventually starting a business debt free. Companies like Amazon also may seek out those with entrepreneurial experience, because it demonstrates an attractive leadership quality.
“We welcome applicants with an entrepreneurial spirit,” says Amazon’s senior manager of campus recruiting, Dee Clarke. “They are given the ownership over their work, like they would [in] their own business, but within a global support network that provides added guidance and support.”
Guthrie Jones, an MBA at London’s Cass Business School, holds a similar philosophy. Although he had no intention of getting into entrepreneurship, he couldn’t stop thinking about one particular business idea and decided he’d have to pursue it. Guthrie believes his company, Icepick, which lets people rent out space on their hard drives, has the potential to become a global business. Still, if he right opportunity for a salaried role came up after graduation, he would gladly shift his plan to the side.
Nevertheless, student interest in studying entrepreneurship as part of their MBA has grown at schools like Cass. Part of this may be the result of Cass’s £10m investment fund, which has not only supported new MBA start-ups but has also trained students in the process of investing.
Financial Times MBA Entrepreneur Ranking (2018)
- Stanford Graduate School of Business
- F.W. Olin Graduate School of Business (Babson)
- Tuck Business School (Dartmouth)
- Lancaster University Management School
- Cass Business School (City University)
- Otto Beisheim School of Management (WHU)
- IMD Business School
- Saïd Business School (Oxford)
- Harvard Business School
- Judge Business School (Cambridge)
Paid Maternity Leave Increasing, and More – New York News
Pack up the pool gear and beach towels: let’s explore some of the most interesting stories that have emerged from New York business schools this week.
Father’s Day Data: Columbia Business School Research Demonstrates Popularity of Paid Paternity Leave – Columbia Business Blog
How has the culture of paid maternity leave been changing recently? New research from the Columbia Business School explores the topic, which has increased for 12 percent of private-sector workers in the U.S. There is still no current federal law requiring the implementation of paid maternity leave, leaving the U.S. with the precarious title as the only “industrialized” country in the world without a federally-mandated law. Individual states, however, can implement the policy, which has been increasing since the early 2000s.
Earlier this year, New York became the fourth state in the U.S. to create policy regarding paid maternity leave, alongside New Jersey, Rhode Island, and California, which implemented the law back in 2004. According to the article, “California’s paid family leave produced a 46-percent increase in fathers taking time off to bond with newborn and newly-adopted children.”
CBS professor Ann Bartel writes, “This study should help inform the conversation around paid leave, because research shows it is fundamentally a family issue – appealing to both mothers and fathers. At its core, paid family leave is a ‘dad’ issue as much as it is a ‘mom’ issue. As Father’s Day approaches, our research demonstrates that fathers will greatly utilize paid family leave if it is offered, and their employers are supportive of them taking that important time away from the job.”
You can read more about “Paid Family Leave, Fathers’ Leave‐Taking, and Leave‐Sharing in Dual‐Earner Households,” which was published in the Journal of Policy Analysis and Management, here.
How Social Media’s Powerful ‘Silent Majority’ Moves Bitcoin Prices – Stevens Institute of Technology Blog
Stevens Institute of Technology School of Business professor Feng Mai recently led an investigation to understand how social media public sentiment can significantly manipulate the value of bitcoin.
Professor Mai’s research, which was published in the Journal of Management Information Systems, encompassed scholars from Ivey, Dickinson, and the University of Cincinnati, all of whom “collected and analyzed two years’ worth of forum posts on the world’s most popular public bitcoin forum, Bitcointalk.”
The team found that “periods of increasingly positive social media commentary do in fact influence the rising price of Bitcoin significantly.” Mai writes, “We wanted to know who is affecting the price: a vocal minority, who may be biased, or the quieter majority, who do not seem to have a reason to be untruthful, or both.”
According to the article, “the “silent majority” — infrequent Twitter and Bitcointalk users who took the time to comment on the cryptocurrency’s prospects — moved prices more, as much as ten times more, when they posted positive comments.”
Mai writes, “This was a big finding, and it does seem to prove that people are trusting the silent majority much more, perhaps because they do not seem to have an agenda.”
Check out the full Stevens’ article here.
Johnson Women MBAs Boast Record-Breaking Attendance at Forté Conference – Johnson School of Management Business Feed
As we recently highlighted, Cornell’s S.C. Johnson School of Management reported that 49 Cornell students attended this year’s FortéMBA Women’s Leadership Conference in Atlanta, Georgia—29 from the two-year MBA program, seven from the one-year program, and 13 from the Johnson Cornell Tech MBA program.
The Forté Conference brings “together admitted, enrolling, and current women MBAs from Forté sponsor business schools to explore career paths, meet recruiters and mentors, and hear from today’s most influential businesswomen.”
This year’s conference featured keynote speaker Joanna Lipman, veteran journalist, chief content officer of Gannet, editor-in-chief of USA Today, and author of That’s What She Said, who spoke on “gender bias in the workplace and provided tips for how women can leverage their value.”
In addition to a Power Pitch session and a number of workshopsand panels on “on communications strategies, interviewing, design thinking, sustainable and socially responsible careers, LinkedIn, and the future of feminism, among others,” the conference also included talks from Accenture North American CEO Julie Sweet and State Street EVP and Deputy Global Chief Investment Officer Lori Heinel.
Anne Latham, Two-Year MBA ’20, writes of her experience:
“The Forte Leadership Conference was an incredible few days. I walked away feeling fortunate to have met so many of my incredible female classmates! The Dialogue with Leadership session, moderated by Dean Erika James, featuring Lori Heinel and Julie Sweet, was a particular favorite of mine, due to their incredibly engaging and thought provoking remarks. I hope we all continue to live by Julie’s advice: ‘If your dreams don’t scare you, they’re not big enough!’”
You can read the full article from Cornell here.
