Good morning and happy Friday!
Here are a few stories you may have missed from the week that was …
Times Higher Education to Launch New Global Business School Rankings
Extending its partnership with The Wall Street Journal, Times Higher Education will be debuting its new Global Business School rankings in spring 2018. The new rankings will focus on “MBAs, Master’s in Finance and Master’s in Management,” according to the publication. The new rankings will follow the previously revealed The Wall Street Journal/Times Higher Education College rankings, which covers more than 1,000 U.S. universities.
“A core component of the ranking will be a unique worldwide survey of recent business school graduates, developed from the THE Student Survey used to power the WSJ/THE College Rankings. The survey probes how much students have been intellectually engaged and challenged by their teaching, and how they apply their learning, as well as examining key questions such as their interaction with staff, the real-world applications of their learning and whether they would recommend their course to others.
Other aspects of the rankings will look at the teaching resources available to students, the environment in which students work and, crucially, how successful graduates of each of the programmes are (the career success of graduates from each programme).”
Read more about the upcoming THE/Wall Street Journal rankings here …
MBAs Are Getting Expensive | Inc.
Behavioral scientist, author and Inc. contributor Jon Levy, like many potential business school students, is wary of the cost. He specifically notes that there’s a big difference between the expected tuition and the money students, often in full-time programs, aren’t making while they’re earning an education. “Besides the upfront and out-of-pocket costs,” he says, “you should consider that you are removing yourself from the workforce and losing two years of income. If you were making $100,000 a year before business school, then you are foregoing $200,000.”
While his notions do pit against the often extravagant MBA costs, his Inc. story argues more with students needing to do the right things with an MBA, rather than just assuming a degree will make their career.
“There’s no doubt that an Ivy League education and the right pedigree can influence your job prospects. If you have a Harvard MBA, people are likely to notice and take you seriously.
It’s not the only thing that can make employers take notice of you, though. A variety of experiences can make you more interesting.”
Read more of Levy’s piece here …
Business School Can Lead to Career Change | U.S. News & World Report
New intel from recently revealed AIGAC and GMAC surveys found how valuable an MBA degree can be to career transitioning. U.S. News & World Report writer Ilana Kowarski points out that more than half (around 52 percent) of those in the GMAC survey ended up in a completely different job than the one they had prior to starting business school.
Through a series of interviews, Kowarski illuminates the changes many MBA students go through, from those who were axed during the Great Recession, to grads like Michigan Ross MBA Shelly Sahi, who moved from a career in the Ford Motor Company to starting her own creative cosmetics company.