MBA News You Need: The Gender Pay Gap Post-MBA, Kellogg Professor Talks NRA Boycott, Case Centre Award Winners Announced, and More
Each week we collect all the MBA news that’s fit to print to give you a quick overview of the latest trending topics from top schools around the world.
Here’s your quick MBA News You Need digest for the week of March 8, 2018.
Research Finds a Wider Gender Pay Gap Post-MBA
Could the gender pay gap widen after an MBA? According to research by the Financial Times, women earn on average 9 percent less than men before an MBA and 14 percent less post-MBA. But the good news is that awareness of the gender pay gap is growing, and people have begun to roll up their sleeves to find a solution. The key is to continue to highlight challenges that women face.
To explore both extremes of the gender pay gap, read the full FT article now.
Wharton Names 3 Honoree Organizations Inspiring Change
From an applicant pool of more than 100 change-making organizations, the University of Pennsylvania’s Wharton School selected three honorees for the Barry & Marie Lipman Family Prize: myArgo, Operation ASHA, and Ubuntu Pathways. All three organizations will receive a $50,000 award, executive training, and support from the university and become part of a growing network of change-makers. In addition, one of the honorees will receive the grand prize of $250,000.
“In our seventh year, we analyzed over one hundred organizations from around the globe. The three change-making organizations chosen for this year’s prize season each have unique business models and the dedicated leadership needed to transform and inspire real change in the social impact sector,” said Umi Howard, director of the Lipman Family Prize.
If you’d like to learn more about the 2018 honorees and the prize, head on over to Wharton News.
Amid Boycott, Kellogg Professor Offers Advice to NRA’s Business Partners
Should businesses cut ties with the National Rifle Association (NRA)? As evidenced by the hashtag #BoycottNRA, it’s certainly a question on a lot of minds following the recent Marjory Stoneman Douglas school shooting in Parkland, FL. More than a dozen major corporations including Delta Air Lines, Hertz, and MetLife have severed their partnerships with the NRA, but will this move actually affect change? According to Tim Calkins, a marketing professor at Northwestern University’s Kellogg School of Management, it’s about perception.
“Brands have to be careful about forming partnerships for two reasons,” wrote Calkins. “First, we live in a transparent world. If a company partners with a certain group, there is a very good chance this will surface in the public eye. Second, people increasingly consider corporate values when making decisions. This can affect purchase behavior. It can also impact recruiting, a key challenge for many organizations.”
Should more companies cut ties with the NRA? Read the full Crain’s Chicago Business article to find out.
Applications Open for HBS Summer Venture in Management
The Summer Venture in Management Program (SVMP) is an immersive week-long program where college seniors can spend one week in the life of an MBA student at Harvard Business School. This is a unique opportunity that helps potential business students develop a broader understanding of the business world and helps HBS increase diversity and opportunity in business education.
Discover more about this one-of-a-kind program at HBS. Applications are due May 1, 2018. Apply now!
Switzerland’s IMD Offers $50K Scholarship to Top Applicant
You could receive a $50K scholarship (50,000 Swiss francs equals approximately USD 53K) just for applying to IMD by April 1st. The “Class of 1976” Merit Scholarship will be awarded to the best all-around MBA candidate who submits his or her application by the deadline. No separate scholarship application is necessary, and the award winner will be notified along with their admissions offer.
To learn more about the various financial aid opportunities for IMD applicants, visit here.
Who Won the 2018 Case Centre’s Awards and Competitions?
The Case Awards are to business schools what the Oscars are to Hollywood. For 28 years, the Case Centre’s Awards and Competitions have celebrated worldwide excellence in case writing and teaching. The annual competition identifies and honors the best case studies and writers teaching MBA students around the globe.
This year’s winners include Harvard Business School, which won the Overall Winning Case, and the Kellogg School of Management, which took home Outstanding New Case Writer. Other winners came from INSEAD, HEC Paris, Michigan Ross, and more. Find all the award winners here.
“This year’s Awards and Competitions are characterized both by strong performances from established case producing schools such as Harvard Business School and INSEAD, and by five first-time winning schools,” said Richard McCracken, the director of the Case Centre.