How Military Experience Offers a Definitive MBA Advantage at Northwestern Kellogg
Leading up to this past Veteran’s Day, two exceptional Northwestern University Kellogg School of Management students gave a first-person perspective of how their unique military experience are sharping their path in business education.
Continue reading…A Stevens’ Therapy Startup for Trauma Victims, 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.
Mobile Treatment Tools Can Change Way People Recover from Trauma – Stevens Institute of Technology SOB News
The Stevens Institute of Technology School of Business recently profiled Mira Therapeutics, a new homegrown startup that uses tech to “help patients manage their symptoms, and give therapists powerful new treatment tools.”
Co-founded by Stevens students CJ Internicola, Seth Kirschner, Gregory Mercado, Nicholas Gattuso, and Annika Roll, the startup’s interactive Mira mobile app “guides patients through crises like flashbacks, anxiety attacks, and dissociation using clinically-established grounding techniques.
Specially designed for veterans, sexual assault survivors, police officers, medical providers, and many other people living with trauma, Mira also records progress by “automatically tracking symptoms and suggesting daily journal prompts.”
Internicola writes, “There are thousands of mobile apps on the market that improve mental health. We are creating technology that addresses problems unique to people living with PTSD. Mira is positioned to become a holistic improvement in the way people recover and grow from trauma.”
“We want to create technology that improves everyday life, translates into better therapy sessions, and ultimately, ameliorates suffering.”
You can find out more about the therapy startup here.
Democratizing Finance and the Unexpected Future of Fintech – Gabelli Connect
PayPal CEO Dan Schulman recently visited the Gabelli School of Business to share his insights about fintech at an event co-sponsored by the Gabelli Center for Global Security Analysis titled “Democratizing Finance: Expanding Access Through Fintech.”
Schulman told the audience, “We have a mission, which is democratizing financial services. It’s very inclusive [and it’s] about all citizens having access to the digital economy…probably the most important value for us is inclusion and diversity. Because if we have a mission that includes all citizens, we need to represent that as a company.”
Center for Financial Services Innovation president and CEO Jennifer Tescher used the event as an opportunity to talk about diversity in fintech—or lack thereof.
“I would say that, why don’t we have more women anywhere? I think it’s a particular challenge in the world of engineering, which cuts across any tech. Why don’t we have more women in financial services, forget about fintech. I think it’s a huge problem.”
You can find out more about the recent event here.
Summit Explores Future of Selling in a Digital World – Rutgers Business School News
As part of a summit that focused on “the future of selling in the digital world,” the Rutgers Business School recently hosted two panels comprised of a diverse array of sales executives:
Panel #1
- Phil Cohn, Senior Vice President of U.S. Sales for Samsung
- Jeff Clachko, Senior Vice President for NBC Sports Ad Sales
- Gary Carleton, President of Sales-Healthcare for UPS
- Tolga Akcura, Co-Founder of eBrandValue
- Joel Silverman, Executive Vice President and General Manager of Synchronoss Technologies
Panel #2
- Rita Fawcett, Vice President of Cardiovascular Sales for Bristol-Myers Squibb
- Frank Palumbo, Senior Vice of Cisco’s Global Date Center Sale
- Rahsan-Rashan Lindsay, Executive Vice President, TV One
- Jim Sterbenz, Senior Vice President of U.S. Sales at Campbell Soup
The first panel “delved into the role of analytics, metrics and customer relationship management for sales professionals” while the second panel focused on the “challenges and opportunities in sales as a result of technology.”
The keynote speaker was Cocoa Exchange President John Wycoff who extolled the virtues of the growing gig economy, which forecasts to have 7.7 million workers by 2020 due in large part to the growth of digital sales tools.
You can find out more about the recent event here.
The New Pepperdine STAPLES Center Classroom, and More – Los Angeles news
Happy Friday! Let’s take a look at some of the biggest news coming out of Los Angeles this week.
Want Better Growth? Toss Out The Marketing Playbook – CGU Drucker School News
Claremont Graduate University’s Drucker School Chair in Management and the Liberal Arts, Bernie Jaworski, suggests that to compete in today’s emerging markets, traditional ‘by the book’ strategies must take a back seat.
Jaworski recently co-authored The Organic Growth Playbook: Activate High-Yield Behaviors To Achieve Extraordinary Results – Every Time with Robert Lurie. In it, they explored the stories of four companies who achieved rapid growth by eschewing standard marketing approaches.
Through their research, Lurie and Jaworski discovered that a “more holistic approach to customers’ purchasing behaviors” leads to long term revenue increases. The authors believe that the underlying consumer behavior behind the success or failure of certain products is the key to making the right decisions.
Lurie is the current Vice President of Corporate Strategy at the Eastman Chemical Company. The Organic Growth Playbook is available now from the American Marketing Association.
Graziadio Forms New Classroom in the STAPLES Center – Pepperdine Newsroom
The Anschutz Entertainment Group (AEG) and Pepperdine University’s Graziadio Business School are teaming up to establish a classroom in the STAPLES Center. The class will serve as a hub of programming for Graziadio’s sports and entertainment management programs.
Students in this one of a kind classroom will gain the opportunity to hear a ‘best-in-class’ speaker series hosted by AEG, which will allow them a glimpse at the operations of one of the nation’s most popular sports and entertainment venues.
Pepperdine President Andrew K. Benton says of the partnership, “As the exclusive education partner of STAPLES Center … we look forward to providing our sports and entertainment students with a premier educational experience that will uniquely prepare them to shape the future of their industries.”
The new STAPLES Center classroom from Pepperdine Graziadio features seating for up to 30 students, and it can be converted into an event space for up to 50 attendees.
You can learn more about the brand new classroom opening here.
V For Victory – USC Marshall News and Events
USC’s Marshall School of Business offers Global Leadership Program (GLP) students a chance to see a side of business school that many aren’t accustomed to—the side occupied by veterans of the U.S. armed forces.
Ninety-five freshmen in the GLP joined with thirty-two Master’s of Business for Veterans (MBV) students for military-style exercises meant to enhance physical discipline while developing their leadership, strategy, and communication skills.
Professor Emeritus Robert Turrill, Academic Director of the MBV program, says, “We wanted our vets interacting with our freshmen. We thought there was a lot of sharing to take place … They hear a lot about corporate leadership, and I wanted them to hear about military leadership and see where the overlaps are. This group of veterans knows leadership quite well, and they have a lot to give.”
GLP students are just embarking upon their educational experience, but they were able to offer the vets a glimpse into their lives which was just as valuable.
Eugenia Hang (GLP ’22), says, “I think this is really important for the students to experience and reflect on these concepts, like integrity, [and] communication … One of the takeaways I got was sacrificing personal gains for the collective benefit.”
You can read more about the recent USC Marshall event 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.
Georgetown McDonough Increases Scholarships For Veterans Graduate Programs
Starting in fall 2018, Georgetown University’s McDonough School of Business will increase its funding for veterans enrolled in graduate programs as part of the Yellow Ribbon GI Education Enhancement Program. The increase will provide students with $15,000 per year from Georgetown McDonough (up from $10,000 in previous years), resulting in a total of $30,000 annually thanks to a matching gift from the Department of Veterans.
Discussing the Georgetown scholarships and how it will help veterans at the university, Dean Paul Almeida talked about the burden it eases for those in their community. “By virtue of being in Washington DC, we share a home with many members of the military community seeking to transfer their valuable training and experiences into the business world,” he said. “We are proud to increase our Yellow Ribbon funding for these servicemen and women. Easing their financial access to our programs is one way we can thank them for their service.”
In addition to the increase in funding, which can be used to pay for tuition and fees, Georgetown McDonough also removed the cap on enrollment. Now, an unlimited number of eligible students can benefit from the funding when they attend one of Georgetown McDonough’s eligible graduate programs. Those programs include the following:
- Full-time and Evening MBA
- Executive MBA
- Global Executive MBA
- Executive Masters in Leadership
- A. in International Business and Policy
- S. in Finance
To qualify for the Yellow Ribbon program, veterans must be 100 percent eligible for post-9/11 benefits. They must also not be on active duty or have a spouse on active duty from whom they are receiving transferred benefits. Also, they must be enrolled in a graduate degree program and accumulate more tuition and fees over an academic year than indicated by the post-9/11 private tuition maximum.
To learn more about the Yellow Ribbon program at Georgetown McDonough and how the school is helping veterans, visit the website. You can also read the original press release about the increase in funding here.
This article has been edited and republished with permissions from our sister site, Clear Admit.
How Emory Goizueta Helps Underprivileged Students Earn an MBA
When you decide to apply for an MBA program, there are a number of new questions you’ll need to answer. Where would be the best place to earn the degree? What program best fits my career needs? What should I focus my business school studies on?
Among all the other decisions a prospective MBA will need to make, how to pay for the degree may be the last thing on their mind.
It’s no secret that the cost of an MBA—plus the lost income while earning your degree—is intimidating for many prospective students. Many students may choose not to earn an MBA or not to apply to a school that fits their skill and needs due to the price tag. If this seems unjust to you, you’re not alone. Many business schools have committed to making their programs accessible and affordable for low-income students.
The Goizueta Business School at Emory University is just one of those schools, offering a number of loan and scholarship opportunities to help students pay for their degree. Below, we’ve rounded up some of the ways Emory helps to ensure all students—regardless of income—can earn a Goizueta MBA.
How Underprivileged Applicants Can Earn An Affordable Emory MBA
Grants & Scholarships
Grants and scholarships offer students an extremely valuable and all-too-often underutilized opportunity to pay huge portions of tuition without the frustrating proposition of paying it back later. Such funding can be based either on academic merit or financial need.
Tuition Credits: There are a number of tuition credits available for students who fall into specific categories, such as Emory University Alumni, Graduates of the Goizueta Business School Executive Education Program, active duty military and veterans, and applicants working full-time at a 501(c)(3) non-profit. Emory Employees and dependent family members may also be eligible for tuition credits, depending on years of service.
Veteran’s Education Benefits: Veterans and the dependents of veterans may be eligible for monthly education benefits, such as tuition remission. Students looking to receive Veterans benefits who also need additional sources of funding may still do so, and the benefits received will not be considered when determining financial need.
Scholarships: Goizueta offers students the chance to earn a number of potential scholarships based on merit. Many scholarships are offered through partnerships with Atlanta professional organizations. These include:
- Georgia Hispanic Chamber of Commerce: Two $25,000 scholarships
- Department of Health & Human Services: Thirty percent discount on tuition for qualified individuals
- National Association of Asian American Professionals: Two $25,000 scholarships
- Women in Technology: Two $25,000 scholarships
There are also a limited number of honorary scholarships awarded to students after enrollment. The MBA for Executives Class Gift Scholarship, originally endowed by the class of 2005, is offered to students in a professional or field generally underrepresented in the EMBA program. Also available is the Executive Women of Goizueta (EWG) Scholarship, given to accomplished female executives in the Goizueta MBA for Executives program.
Loans
Graduate Loans: Those attending business school are afforded the same federal loan offerings as students starting undergraduate programs. Students may fill out the Free Application for Federal Student Aid (FAFSA) to help determine their financial need and eligibility. Each year, students should fill out a new FAFSA form to reevaluate their need. International MBA students are also eligible for certain types of student loans, which can be explored further here.
