UVA / Darden MBA News

~ A CLEAR ADMIT EXCLUSIVE ~ Our continuing series of interviews with MBA career service directors takes us this week to Charlottesville, Virginia, where Jack Oakes of the University of Virginia’s Darden School of Business generously made time to speak with us. Oakes has been assistant dean and director of career management at Darden’s Career Development Center (CDC) since September 2010, leading all of the center’s activities, including developing strategy, managing a global portfolio of recruiting companies and coaching students. Oakes first joined the CDC in February 2005, but his connection to Darden dates back further, to his own time there as a student. He graduated with an MBA/MA in East Asian Studies in 1989, having come in as a career switcher looking to shift from finance to marketing. Upon graduation, he worked in a range of marketing roles, including in consumer goods at Procter and Gamble, before coming back to Darden and the CDC. “This is really just another version of marketing,” he explained, “because we help students market themselves to prospective employers, we help companies market themselves to students and we help Darden market itself to the world.” In the interview that follows, he encourages students to come to Darden having taken a close look at their own skills, characteristics and abilities so that they can take advantage right away of the resources the CDC provides to determine the right career path for them. He also gives some advice to prospective applicants preparing to approach the Darden application. “Here at Darden, what is most important is not what a student will learn but what a student will teach other students,” he says. “In the case method students are learning as much from each other as from a faculty member, so show how you will make Darden stronger.” Read more

As part of its Short List series, U.S. News & World Report today took a closer look at the student debt load incurred by full-time MBA students graduating from top business school programs. According to data provided by schools as part of its annual ranking, U.S. News found that full-time MBA graduates in 2012 emerged with an average of $49,619 in debt. At the 10 schools where graduates incurred the most student debt, the average per student was $97,154. Graduates of New York University’s Stern School of Business top the list in terms of average debt. There, the average graduate has a debt load of $105,782. Six figure debt is also the norm for graduates from the University of Virginia's Darden Graduate School of Business Administration, the Fuqua School of Business at Duke University and the Massachusetts Institute of Technology's Sloan School of Management, U.S. News reports. Read more

When GMAT test-taking volume jumped by 11 percent for the year ending last June, those watching the MBA admissions space had reason to suspect that application volume at top schools might follow suit. Recent articles from Bloomberg BusinessWeek and Poets & Quants reveal exactly that, with Cornell University’s Johnson Graduate School of Management, the University of Virginia’s Darden School and the University of Chicago’s Booth School all reporting double-digit increases in the number of students applying to their two-year, full-time MBA programs. Bloomberg BW last week surveyed its top-10 ranked business schools, discovering that half were reporting significant increases in application volume, ending a three-year decline. Johnson led the pack, with an increase of 12 percent, followed by Darden, at 11 percent, and Chicago Booth, at 10 percent. P&Q reports that Indiana University’s Kelley School of Business blew even those numbers out of the water: Applications to that school’s two-year MBA program swelled by 25 percent after it moved up the Bloomberg BW rankings four places, to 15th, last year. Read more