Boston College Announces MBA Deadlines for 2018-19
The newest batch of Boston College MBA deadlines dates have been announced for the Carroll School of Management, going in to the 2018-19 academic season.
Round One
Deadlines: September 17, 2018
Notifications: December 5, 2018
Round Two
Deadlines: January 7, 2019
Notifications: March 15, 2019
Round Three
Deadlines: March 15, 2019
Notifications: May 1, 2019
Round Four (Final)
Deadlines: April 15, 2019
Notifications: June 5, 2019
Head over to the official BC Carroll website for more application information.
Georgetown’s Newest MBA Application Essays Have Been Announced
The Georgetown University McDonough School of Business recently announced its newest application essays for admission to its full-time MBA and all-new Flex MBA programs.
According to the business school, which announced the new essays on Thursday, August 15, “Applicants can now choose one essay among three essay prompts, allowing them to showcase what they believe sets them apart from other applicants, either their leadership experience, how they have overcome challenges, or their values and beliefs.”
Shelly Heinrich, the McDonough School of Business Interim Associate Dean for MBA Admissions, says, “It’s important to us to that our students represent a diversity of backgrounds, experiences, cultures, and more—and we realized that professional and personal experiences showcasing this diversity do not always fit neatly into a single essay prompt.”
“We want to give applicants the flexibility to distinguish themselves from a competitive applicant pool,” Heinrich adds.
Applicants may submit one of the three following Georgetown MBA essays during their application process, in 500 words or less:
- Describe a situation when you were asked to lead outside of your comfort zone. What leadership characteristics did you exemplify in this situation that allowed you to succeed?
- Describe a situation when failure has been your fuel. What was your failure (or when did you not succeed to your full potential), and how did you use this as motivation to move forward and be successful in a future situation?
- Describe the personal brand that you will bring to business school using examples or experiences that support how you’ve developed it. How do you believe your personal brand will strengthen the McDonough community? As you complete your MBA program, how do you hope to see your personal brand evolve through the transformative experience of business school?
Hopeful entrants to the Georgetown McDonough full-time and Flex MBA programs may apply on October 9, 2018; January 7, 2019; April 1, 2019; and May 1, 2019. Click here to learn more about the school, its MBA programs, and admissions process.
Northwestern Health Insurance Research Finds More Costs – Chicago News
Let’s explore some of the most interesting stories that have emerged from Chicago business schools this week.
Even for the Insured, a Hospital Stay Has Surprising Costs – Kellogg Insight
Health insurance is truly a magical mystery tour of breathtaking anxiety, sometimes worse than you might think! New research explores the consequences of hospitalization on insured versus uninsured patients, which “stretch well beyond out-of-pocket costs to include impacts on credit and long-term earnings.”
In a study co-authored by Northwestern Kellogg Associate Professor of Strategy Matthew Notowidigdo, UC-Santa Cruz’s Carlos Dobkin, and MIT’s Amy Finkelstein and Raymond Kluender, the researchers found that “those without insurance ended up, on average, with $6,000 more in unpaid debt four years after being hospitalized than if there had been no admission. That is 20-times higher than those with insurance, who averaged a $300 increase in such debt four years post-hospitalization.”
Notowidigdo writes:
“We could really see how a person’s financial picture evolved after they spent time in the hospital. Hospital admissions have both financial and labor market consequences that go well beyond out-of-pocket costs but may stop short of bankruptcy. Health insurance, while beneficial, doesn’t cover all of these well enough. Individuals and policymakers need to understand that.”
You can read the full article here.
Historically Black Schools Pay More to Issue Bonds, Researchers Find – Mendoza Ideas & News
A new Journal of Financial Economics paper finds that racial animus is the primary driver of why “historically black colleges and universities (HBCUs) pay higher fees to issue tax-exempt bonds than non-HBCUs.”
“What’s in a (School) Name? Racial Discrimination in Higher Education Bond Markets,” co-authored by Viola D. Hank Associate Professor of Finance at Notre Dame‘s Paul Gao, along with Drexel’s Casey Dougal, Duke’s William J. Mayer, and the University of Washington’s Christopher A. Parsons, found evidence that contradicts a passage from Milton Friedman’s book Capitalism and Freedom, which contends that “economic development deters the expression of discrimination, racial or otherwise.”
After the researchers reviewed underwriting fees—“the fees that underwriters charge a school to bring a bond offering to investors”—they discovered that “HBCU issuance costs were about 20 percent higher than for non-HBCUs,” largely due to the fact that it’s “more difficult for underwriters to find buyers for the HBCU bonds,” particularly in.
Louisiana, Alabama, and Mississippi, where HBCUs pay “underwriters three times more to place their bonds relative to HBCUs in other states.”
According to the article:
“The paper presents several potential solutions to the problem, from lowering the price point for investors to enter this market, to making the associated state tax benefit transferable, to a federal law that designates HBCU bonds as triple tax exempt, applying to federal, state and local taxes.”
You can read more about the research here.
Red Clover Reader Creates An Online Marketplace for Diverse, Educational Children’s Books – Gies School of Business Blog
The Gies-operated iVenture Accelerator enabled early stage education tech startup Red Clover Reader to secure $15,000 in marketing and product development funding.
Co-founded by University of Illinois students Melanie Keil (a master’s student in applied health sciences) and her fiancé Armand Tossou (a Ph.D. in applied economics), Red Clover Reader “solves the lack of cultural diversity in children’s literature by connecting parents and self-published and independent authors of children’s books on an online platform that facilitates the co-creation and dissemination of more culturally diverse and value-focused content.”
Keil and Tossou / Photo via business.illinois.edu
Toussou writes, “iVenture has been a tremendous help for us because it’s both an accelerator and incubator for top student ventures. It’s provided us with mentorship and connected us with a lot of people. It’s a cohort thing. We can interact with anyone on other teams in terms of feedback and connections.”
Red Clover Reader’s goal to capture 5 percent of the $1 billion market for books and related merchandise.
Toussou adds, “We are trying to help parents discover a better alternative to the content they find online that they don’t feel good about letting their kids consume.”
You can read the full article here.
Top MBA Recruiters: AT&T
Finding employment after graduating from an MBA program can be a challenge for some. Thankfully, new MBAs are never alone in the process. From companies that actively recruit talent from business schools throughout the country, to MBA programs themselves helping to facilitate interviews and job referrals for their students, students should be sure to take advantage of resources available to them.
A look at 2017 employment data from a top MBA program like the University of Chicago’s Booth School of Business reveals the overwhelming trend: a whopping 89.2 percent of students found employment through university-facilitated avenues, be it on-campus recruitment and interviews, networking events, or through a Booth-facilitated summer employer. The success of campus recruitment benefits everyone, not only because universities are willing to open their doors and advocate for their students, but because top companies go out of their way to recruit young talent and create opportunities for them.
One such company is American multinational telecommunications holding company, AT&T. Founded in 1983 as the Southwestern Bell Telephone Company—part of the Bell Telephone Company with roots in the late 19th century—today AT&T has more than 254,000 employees worldwide and $190 billion in revenue. With a commitment to MBA graduates through internships and early career development programs, AT&T makes the grade as a top recruiter and employment destination for MBAs.
What Is An AT&T Career Like for MBAs?
It should be no surprise that MBAs love working at AT&T when you know the kind of investment this company makes in the educational development of its employees. In 2016, AT&T spent $250 million on employee training and invested roughly 20 million hours into the process. With so many opportunities for ambitious team members to accelerate their careers through leadership and development programs, this is the perfect company for those looking to quickly rise into leadership roles.
AT&T has been awarded many times for its workplace culture, including being named on Fortune‘s ‘100 Best Companies to Work for in 2018‘ and 3rd overall on the Diversity Inc. list of the ‘Top 50 Companies for Diversity‘ in 2018.
Of course, it pays to have an AT&T career, even beyond a positive workplace culture. According to PayScale data, MBA graduates at AT&T earn an average annual salary over $95,000. This can range as high as $142,000 for those in operations management. Employees, including interns, are rewarded with competitive compensation and benefits, including paid holidays, time off, and discounts for AT&T products.
Getting Started
MBA students interested in starting an AT&T career should keep an eye out for the various recruitment events set up through their university, where they can apply on campus and may be selected to interview with college recruiting managers. Because of the company’s heavy investment in a diverse workforce, AT&T also has a strong presence at recruitment conferences like the Forté Foundation for female business leaders, Reaching Out MBA for LGBT candidates, and the National Black MBA Association (NBMBAA).
Many MBAs start their AT&T career through its many internship opportunities, which are found at locations throughout the country and typically last 10-12 weeks. AT&T offers these paid internships a huge variety of fields, such as data analytics, cybersecurity, entertainment group technology, software development, and leadership, among others.
In addition to internships, MBA graduates may apply for one of the many AT&T career development programs. These are full-time, paid rotational programs that may last anywhere from two to three years, providing hands-on experience, exposure and opportunity. Development programs at AT&T include:
- B2B Sales
- Cybersecurity Development
- Engineering and Operations Development
- Finance Leadership Development
- Leadership Development
- Software Development
What Does AT&T Look for in MBA Candidates?
When hiring for its MBA internships and development programs, AT&T looks for students with at least three years of professional experience with the ability to collaborate on complex issues and thrive in a leadership role. The company seeks candidates who are passionate about the role technology can play in people’s lives and its capacity to transform.
In addition to the internships and early career programs, AT&T also looks for more experienced MBA holders for higher-level executive and management positions. For these roles, the company seeks candidates with at least five to eight years in experience related to the role with the ability to work in a team, be a self-starter, and think critically.
Where Have All the New Ideas Gone? – Boston News
Let’s explore some of the most interesting stories that have emerged from Boston business schools this week.
New Ideas are Getting Harder to Find—and More Expensive – MIT Sloan Newsroom
MIT Sloan recently examined just how difficult is it to come up with new ideas in an age of seemingly infinite access.
A new National Bureau of Economic Research study published by MIT Sloan Professor of Applied Economics John Van Reenen, Stanford University professors Nicholas Bloom and Charles I. Jones, and Stanford Doctoral candidate Michael Webb finds that “the productivity of scientific research is falling sharply across the board” due in large part because “researchers are putting in more and more effort to sustain the same—or even a slightly lower—pace of idea generation as we experienced half a century ago.”
Van Reenen writes, “As the total amount of knowledge becomes larger and larger and larger, it becomes increasingly difficult to get to its frontier of that knowledge. It was much easier a couple thousand years ago.”
Two workarounds are to narrow the “focus of one’s studies to specialize in a very particular domain” and expand investment into research. However, both solutions arrive with their own sets of challenges, according to Van Reenan.
“In order to carry on innovating, you’re constantly working together, and it’s very complicated to get all of these people and ideas together.”
Van Reenan is concerned that government investment into scientific research is simply not enough of a high priority.
“I think a lot of the time you hear we’ll just cut the top tax rates to generate lots of innovation — I’m pretty skeptical about that in terms of the incentives you’re going to give. Both have positive effects on growth and equality. Instead of giving away $5 trillion in tax cuts, use that to invest in growth opportunities for the future.”
You can read the full article from MIT Sloan here.
No More General Tso’s? A Threat to ‘Knowledge Recombination’ – Harvard Business Week
HBS Technology and Operations Management Unit Assistant Professor Prithwiraj “Raj” Choudhury is set to publish a new Strategic Management Journal paper that explores the “role ethnic migrants play within the work force,” as well as the “new technologies in countries where they’ve migrated.”
Choudhury points to examples throughout history like Soviet mathematicians who “came to the United States in the 1990s after the fall of the Soviet Union; far ahead in fields like partial differential equations and symplectic topology, they helped their American counterparts solve otherwise intractable problems,” American Chinese cuisine staples like General Tso’s chicken and chop suey, and Indian immigrants who brought double-entry bookkeeping to South Africa in the late 19th century.
Choudhury uses ‘The Ethnic Migrant Inventor Effect: Codification and Recombination of Knowledge Across Borders,’ written with HBS doctoral student Do Yoon Kim, as a launch pad to discuss immigration through the lens of knowledge production rather than job creation—or absorption.
“Instead of seeing migrants through the lens of whether they create jobs or not, we should view migrants as carriers of knowledge—knowledge that could be further recombined by locals. If H1-B was scrapped, or Europe stopped admitting skilled migrants, the knowledge production of the global economy would suffer.”
Choudhury adds, “It’s not only a loss to the firms, it’s also a loss to local workers, who will lose out if they do not imbibe this knowledge from migrants. I would turn the debate on its head and say, it’s not about destroying or creating jobs, it’s about participating in or losing out on creating knowledge.”
You can read the full article here.
Coffee Break – Sawyer Business School
MassChallenge, the self-described “most friendly start-up accelerator on the planet” recently selected WarmUp Protein Coffee, a “coffee-cum-protein beverage” developed by Sawyer Business School alum James Testa (BSBA ’17) as part of Sawyer’s “Crowdfunding the Venture” class.
Testa writes about how getting rejected from last year’s competition sent him back to the drawing board and enabled WarmUp to stand out among the other 1,600 applications. In a recent interview with his alma mater, Testa says:
“I spent all year getting the product out there, building the business, and getting some sales. So when I went back to MassChallenge this year, I feel like I had a much better grasp of my business and who my customers were. And because I had real sales, I was a lot more confident about it. The proof of concept was already there.”
MassChallenge start-ups “get free office space, connections to industry-specific mentors, advice from venture capitalists, and the chance to win up to $1.5 million to help launch a business.”
You can read the full article here.
New MBA Jobs: GE, Tesla, Microsoft, and More
Current MBAs and business school grads looking for jobs have come to the right place: Here’s our weekly listing of new and exciting MBA jobs. This week’s list features opportunities areas like supply chain and tech, and in a number of exciting metros and locations. Continue reading…
