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GMAC Reveals Strong Employer Projections for MBA Hiring in 2016
This post has been republished in its entirety from original source clearadmit.com.
Less than two weeks in, and already 2016 is coming up roses for current MBA grads—at least according to a just-released poll of employers conducted by the Graduate Management Admission Council (GMAC). Strong 2015 hiring numbers combined with even stronger 2016 hiring projections suggest that it’s a very promising time to graduate with a master’s-level business degree—particularly an MBA.
“Recent graduates from business and management programs should see high demand for their skills because employers understand that they are valuable assets to their organizations,” Bob Alig, GMAC’s executive vice president for school products, said in a statement. Continue reading…
Hankamer Program Director Offers Advice for MBA Application Process
Laurie Wilson, a director of graduate business degree programs at Baylor University’s Hankamer School of Business, was recently featured in a U.S. News article examining the ways an MBA applicant can strengthen their rejected round one application.
Full- and Part-Time MBA at TCU Neeley Shine in Bloomberg Business National Rankings
The recent release of Bloomberg Business rankings of full-time MBA programs reveal an improvement in the rank of TCU’s Neeley School of Business, jumping from #49 in 2014 to #38 in the 2015 nation-wide list.
Ivey Business School Ranked #1 International MBA by Bloomberg BusinessWeek
Bloomberg BusinessWeek released its 2015 global rankings of best business schools. For the second year in a row, Western University’s Ivey Business School reached the top spot internationally out of 29 MBA programs reviewed. London Business School and INSEAD ranked number two and three respectively. Continue reading…
Rady School Full-Time MBA Ranked 1st in San Diego by Bloomberg Businessweek
Bloomberg Businessweek ranked the full-time MBA program at UC San Diego’s Rady School of Management 1st in San Diego. Rady School’s full-time MBA program was the only program in San Diego to receive a ranking from Businessweek. Overall, it was ranked 6th in California and 65th nationally. Continue reading…
HBS Soars to Top of Bloomberg BusinessWeek’s New MBA Rankings
This post has been republished in its entirety from original source clearadmit.com.
When Duke’s Fuqua School of Business topped Bloomberg BusinessWeek’s MBA rankings last year, the magazine came under fire for a methodology that many claimed was flawed. This year, an overhauled methodology has yielded vastly different results, including Harvard Business School’s taking the No. 1 spot for the first time in the 27-year history of the rankings.
“Our annual ranking of full-time MBA programs now focuses on what most people hope to get after business school: a satisfying, well-paying job,” read the commentary that accompanied the rankings. Using a deeper and broader set of data than ever before—drawn from 13,150 current students, 18,540 alumni and 1,460 recruiters from 177 different MBA programs—Bloomberg BW‘s rankings are now the combination of five weighted measurements: an employer survey (accounting for 35 percent of the total score); an alumni survey drawing feedback from the classes of 2007, 2008 and 2009 (30 percent); a student survey of members of the Class of 2015 (15 percent); the school’s job placement rate (10 percent) and average starting salary (10 percent). Continue reading…
Rotman School of Management Ranked #1 MBA in Canada
When Canadian Business completed their first comprehensive reputational survey of MBA programs in Canada, it was no surprise that the Rotman School of Management at the University of Toronto was ranked as the No. 1 MBA in Canada. The Stephen J.R. Smith School of Business at Queen’s University and the Ivey Business School at Western University ranked a close second and third, respectively. Continue reading…
UC Davis Full-Time MBA Ranked Among Nation’s Best 20 Years Running
UC Davis’ Graduate School of Management’s Full-Time MBA program was ranked among the premier programs for the 20th year in a row, according to a press release from the school. U.S. News & World Report ranked the graduate business schools and released their list on March 10. UC Davis’ program came in at 48 out of 464. Part of what made UC Davis rank so high was their selectivity of applicants (top 10), their average GMAT score (688 up from 685), and their record MBA starting salary and bonus ($99,952 up from $88,301). Continue reading…
Cranfield to Host 24th MBA Regatta
Cranfield School of Management will be hosting the 24th Cranfield MBA Regatta from July 10 to July 12, according to a press release from the school. Over 150 MBA students from ten of the world’s best business schools will meet in Portsmouth in order to compete in the event. Cranfield’s regatta is the oldest event of its kind in Europe and will be held in the Solent this year, a small strip of water that separates the Isle of Wight from the UK mainland. Continue reading…
How to Choose an MBA Internship
As the academic year comes to a close, many students are preparing for summer internships. Internships often lead to full-time jobs after graduation and help students to develop their professional networks. Internships also give students the opportunity to practice the skills that they have learned during classes. Most MBA programs require students to complete an internship over the summer after their first year in the program.
Choosing an internship that will benefit you as a student and as a professional can be a difficult task. Business Insider says that “The MBA summer internship is a major part of the business school experience and getting the right one is important. Good internships are extremely competitive and the struggling economy has made it harder than ever.” The website offers students several tips for choosing an internship.
GWSB Receives Accolades for International Business and MBA Programs
U.S. News and World Report’s 2016 Best Graduate Programs ranks The George Washington University School of Business among the best in the nation for its International Business program and #15 for its MBA program is their rankings that were released on March 10, 2015.
According to the GWSB website, the university’s location in the heart of the nation’s capital, minutes from the World Bank and International Monetary Fund, “offers distinctive advantages for both students who wish to gain practical experience and faculty who wish to perform academic research that has global implications.” Continue reading…
US News and World Report Ranks Smith in Top 20 Public MBAs of 2015
U.S. News and World Report’s 2016 Best Graduate Programs ranks The Robert H. Smith School of Business as No. 41 among 464 accredited full-time MBA programs surveyed and No. 20 among public schools. The ranking were released on March 10, 2015.
In addition, Smith School’s part-time MBA program is ranked No. 26 overall and No.16 among public schools, according to a Press Release on the business school’s website. Continue reading…
Anderson Holds FT MBA Info Session
The Office of MBA Admissions at UCLA Anderson School of Management will be hosting an information session for its Full-Time MBA program. The event will be held Jan. 21 from 5 p.m. to 6 p.m. The event will be held at the Anderson School of Management campus. During the event, prospective student can get more information on the program’s curriculum, the admission process and student life at Anderson.
Anderson MBA students range from 22 to 42 in age with the average age of students being 29. The average work experience of each student is five years, with 63 percent of students having between three and six years of work experience.
Merage Receives Positive Rankings from Recruiters
Ranking reports indicate solid support for UC Irvine’s Paul Merage School of Business from recruiters. Ranking results are up significantly in both U.S. News & World Report and Bloomberg BusinessWeek. In the 2015 U.S. News recruiter assessments, the Merage School jumped 56 spots to rank no. 41. In the 2014 Bloomberg BusinessWeek employer survey, the school jumped 27 spots to rank no. 23 among employers.
In the most recent “Best Business School 2014” report from Bloomberg Businessweek, the Merage School of Business was ranked no. 31 among top MBA programs in the nation, up 12 spots from 2012. This has secured the Merage School’s place among the top six percent of AACSB accredited institutions in the U.S. The Financial Times “2014 Global MBA” rankings report placed the Merage School’s Full-Time MBA program at no. 25 in the nation, further supporting the school’s solid advancement.
Georgetown MBAs in McDonough Military Association Honor Fallen Veterans
MBA students in the Georgetown McDonough Military Association (MMA) traveled to Arlington National Cemetery to lay a wreath at one of the graves to honor veterans. Arlington is a United States military cemetery in Arlington County, Virginia, across the Potomac River from Washington, D.C., in whose 624 acres have been buried the dead of the nation’s conflicts beginning with the American Civil War, as well as the departed from earlier wars. Continue reading…
UC Davis MBA Programs Ranked in Nation’s Premier Programs for 19th Consecutive Year
The UC Davis Graduate School of Management’s full-time MBA program has made U.S. News & World Report’s list of premier business schools in the nation for the 19th consecutive year.
The 2014 rankings place the full-time MBA program at No. 41, placing it among the top 9-percent of the 453 Association to Advance Collegiate Schools of Business International’s accredited full-time MBA programs surveyed, while the part-time MBA program is ranked No. 25. This is the third consecutive year the UC Davis part-time MBA program is among the top 8% of AACSB International-accredited part-time MBA programs surveyed. This year, there were 310 part-time programs surveyed. Continue reading…
Is the Business of Predicting MBA Bubbles a Bubble?
Recently, the business school community has been debating an article published in The Atlantic called “Is An MBA Bubble Popping?” The article suggests that there is a surplus of MBA graduates, and that the job market for MBAs is on the brink of collapse. Its author, Jordan Weissman, argues that studies have found “decreasing pay and shrinking job opportunities for business grads, even as the rest of the job market keeps healing.” However, Business Insider published a critique of the original Atlantic article, saying that the MBA Bubble theory is “wildly overhyped.”
Business Insider author John Byrne begins his critique by observing that stories about whether the MBA Bubble exists or not have appeared on several news sites, because these stores attract internet traffic. Byrne challenges Weissman’s interpretation of the studies Weissman uses to support his conclusion that the job market for MBAs is about to collapse. In the Atlantic article, Weissman cites a Graduate Management Admission Council (GMAC) survey of MBA recruiters that shows that 42% of employers would keep MBA salaries flat this coming year. Byrne observes that in the same study, 45% of employers said that they would increase MBA base salaries to account for inflation, and 11% would increase salaries above the rate of inflation. Only 2% of employers surveyed planned to decrease their starting salary offers for MBAs. These results suggest that overall, MBA pay is going up.
The second survey cited by the Atlantic is from Michigan State’s Collegiate Employment Research Center. That study surveyed 6,500 employers and concluded that MBA recruitment would decline 25% next year. That is certainly a frightening projection, but Byrne observes that those results conflict with the results of the GMAC study, and that the companies involved in the GMAC study are more likely to hire MBAs than the companies involved in the Michigan State study. GMAC found that 87% of employers in their survey planned to maintain or increase their MBA hiring in 2014.
In 2012, the Michigan State’s Collegiate Employment Research Center predicted that MBA hiring would decrease by 6% in 2013. That decrease did not happen, which challenges the predictive model they used to conclude that the job market would decline 25% in 2014. While the future cannot be known, it seems like the MBA is still an intelligent educational investment.
Cornell’s New MBA Program Featured in Business Insider
Yesterday, Business Insider published an article suggesting that Cornell University’s Johnson School of Management’s MBA program at its New York tech campus could change the way tech industry leaders are educated. The article is titled “Cornell’s New MBA Could Shake Up How Leaders Emerge in Tech.” Cornell’s new program is specifically focused on teaching students with both management and technical skills.
Stayman, the associate dean of MBA programs at Johnson, told Business Insider: “The goal is to produce leaders for the digital economy. Organizations desperately need people who are true leaders but also understand the business needs and the technical needs.”
The traditional model of MBA education was developed in the middle of the 20th century. Business school educators planned their curricula to prepare their students for work in a very specific type of company–a big company like McKinsey or Procter & Gamble. As part of a traditional MBA, students are given a thorough grounding in analyzing data to solve problems, and developing and implementing solutions. However, tech startups are looking for employees with a different skillset, and sometimes think the MBA style of thinking clashes with their company culture and approach to business.
Cornell consulted with startup companies and tech businesses while developing the curriculum for their NYC MBA. The program aims to develop skills in MBAs that they will find useful while working in a startup, like product development, consumer insights, and planning. Students will be required to work in a startup company as part of their MBA program requirements to give them entrepreneurship skills through hands-on experience.
While Cornell developed an MBA focused on tech businesses and startups, Stayman says that the MBA is meant to be open-ended, allowing students to pursue jobs in startup companies as well as positions in more traditional management roles. Stayman noted to Business Insider: “We want [students] to go to places who hire MBAs – to Deloitte, to Amazon, and to other recruiters who hire MBAs – but also to people who don’t traditionally hire MBAs.”
The first MBA class at New York City’s tech campus will begin in May. For more information about the program and admissions, see our recent article.
