MBA News
A collection of news items from MBA programs and about the business school admissions process.
HBS Online Launches CLIMB Program for Leadership and Management Development
Harvard Business School Online, the online platform for Harvard Business School to deliver flexible certificate and credential programs, has launched the Credential of Leadership, Impact, and Management in Business (CLIMB) program. The program consists of seven courses, with four long courses lasting between five to nine weeks and three short courses. Two of the long courses are mandatory selections focusing on leadership and strategy, with the specific content varying based on the participant’s leadership experience. Participants then choose two electives, one in finance and one from HBS Online’s
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Your Favorite MBA Community Just Got Upgraded
We’ve got some exciting news! At Clear Admit, we’re constantly aiming to improve your MBA admissions journey and provide you with the right tools to succeed. We’re thrilled to share that we’ve given Clear Admit a fresh, new look, boosted our performance, and improved our navigation to offer our MBA community a more seamless and efficient platform. But that’s not all! The cherry on top is our biggest upgrade: Clear Admit+ is now available and free for all registered members of our community! As our community grows, we’re committed to ensuring that you
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Search for Head of MBA Admissions Continues at Stanford GSB
During the 2022-2023 admissions season, several MBA admissions representatives left their posts–Kristen Moss, the Assistant Dean of MBA Admissions & Financial Aid at Stanford GSB, was one of them. After five years in the role, Moss announced her departure between Round 1 & Round 2 last year. She stayed with the program through 2022, and the leading business school is still searching for a permanent replacement. As Stanford GSB continues to search for a new admissions lead, the school shared that Jamie Schein, MBA ‘91, Assistant Dean & Director of the Career
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Cancer-Fighting Startup Takes Top Prize at University of Chicago’s New Venture Challenge
Out of the finals of the 2023 Edward L. Kaplan, ’71, New Venture Challenge (NVC), Alnair Therapeutics, a company with the mission to fight cancer, claimed the top spot. Launched in 1996, the NVC is an esteemed accelerator program and competition held at the University of Chicago’s Booth School of Business. Whittled down from 25 participants in the NVC, a credit-bearing spring quarter course, the remaining 10 teams presented their ventures to a panel of distinguished judges in the finals earlier this month. The judges —
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ETS Trims the GRE—Fewer Questions, Less Time
On the heels of a new GMAT format, Educational Testing Service (ETS) has announced a shortened version of the GRE General Test starting September 22 of this year. The changes to the GRE translate to a graduate admissions exam that can be completed in under two hours–about half the time of the current version. “The changes we’re announcing today underscore the emphasis we place on keeping our customers at the center of all that we do,” said ETS CEO Amit Sevak in the press release. “As we continue to introduce product innovations, we’re committed
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Is the Pay Gap Closing? Forté Foundation Study Shows Stagnation
The Forté Foundation, a nonprofit organization guiding women into business leadership through access to business education, released its most recent study on the MBA gender pay and promotion gap, barriers to women in leadership, and disparity in work-life issues. The report highlights the progress made — and candidly confronts the daunting mission ahead. Key Findings of the Latest Forté Foundation Research “The gender pay gap has narrowed since 2016 and 2018, but has not budged during the pandemic despite calls for pay equity and transparency,” says Forté CEO Elissa Sangster.
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Kellogg Digs Deeper with Unique Biomedical Marketing Course
The biomedical industry in the U.S. is expected to experience steady growth for the foreseeable future due to advancements in medical technology and increased healthcare spending. Amidst fast-paced innovation, industry challenges, such as complex regulations, evolving science, ethical concerns, and the competition, arise for business professionals. Northwestern University’s Kellogg School of Management helps students approach these challenges with a dedicated course, “Biomedical Marketing,” that fully and specifically focuses on biotech, pharmaceutical, and medical device company issues. The course is taught by award-winning marketing expert and Associate Chair of the
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Stanford MBA Students Host 3rd Annual Event to Demystify MBA Experience for Black Undergrads
Contributed by the DBLB leadership team. Stanford GSB students who are committed to increasing diversity in the MBA applicant pool and equity in the application process for business schools globally are leading the third annual Dream Big Lead Boldly workshop (DBLB). The DBLB initiative helps demystify the MBA experience for students and young professionals who identify as Black. This free, one-day virtual workshop will take place on Sunday, May 21. The workshop will feature keynote speaker Simone Hill Okafor and will cover the following themes: Designing your life/career Industry breakout conversations Deciding if an MBA is right for you Paying
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Chicago Booth and Nonprofit Chicago Scholars Join Forces in First-Ever Partnership
In a groundbreaking initiative to foster greater diversity and inclusivity in graduate education and business leadership, the University of Chicago Booth School of Business announced a new partnership with Chicago Scholars to establish a dedicated pipeline for students into graduate programs. The collaboration promises enhanced access and support for low-income and first-generation college attendees while reinvesting their talents in Chicagoland’s businesses and organizations. Chicago Booth and Chicago Scholars already have a working relationship, as the school is one of Chicago Scholars’ institutional partners. Chicago
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New Dean Announced for Cornell Samuel Curtis Johnson Graduate School of Management
Cornell University’s Samuel Curtis Johnson College of Business has announced its new Anne and Elmer Lindseth Dean of the Samuel Curtis Johnson Graduate School of Management. Emerson Professor of Manufacturing Management and Program Director for Johnson’s MS in Business Analytics Vishal Gaur will succeed Dean Mark Nelson as of July 1, 2023. Nelson, who has been a Cornell faculty member for 33 years, will return full-time to his position as professor of accounting. The school spent nearly a year on the global search for
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Published: April 24, 2023
U.S. News MBA Ranking 2023-24: Booth Goes Back-to-Back, Methodology Mayhem, Top Takeaways
The 2023-24 U.S. News Best Graduate Programs Rankings have just been unveiled and we’re taking a closer look at the full-time MBA program list. Chicago Booth once again finds itself in the top spot of the U.S. News MBA Ranking, this year standing alone (no longer tied with Wharton). Grabbing the #2 spot is Northwestern Kellogg, which edged out Wharton (#3) and ensured that this year’s top two business schools both hail from the great state of Illinois. On Booth landing in the top slot for a second consecutive year, Clear Admit
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Published: April 19, 2023
On Shaky Ground: Delayed Starts for MBA Graduate Hires at Top Consulting Firms, McKinsey and Bain
Two of the Big Three consulting firms, McKinsey & Co. and Bain & Co., are putting off start dates for new MBA hires, and in some cases, paying dividends to make sure graduates don’t seek out other opportunities instead. Boston Consulting Group has also staggered start dates from June 2023 through January 2024. Consulting is the number one destination for MBAs, and the most lucrative. For elite firms to take the extraordinary step of delaying start dates up to a year is
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Published: March 20, 2023
UVA Darden MBA Class of 2022 Achieves Record Mean Salary
According to the UVA Darden employment report for the MBA Class of 2022, graduates continued a streak of record-breaking salary numbers. Ninety-three percent of the 395 graduates sought employment post-MBA. Ninety-four percent received a job offer by graduation and, within three months, that figure landed at 97.5 percent. Ninety-one percent of those seeking employment accepted a job offer by graduation and another five percent accepted work within three months of graduation. The Darden MBA Class of 2022 set a new record for base salary, securing $157,090 on average. The median base salary came in at $175,000.
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Published: February 20, 2023
INSEAD Jobs Report: Classes of MBA ’21D & ’22J Find Success
INSEAD recently published their MBA jobs report for the classes graduating in December of 2021 and January 2022, with 94 percent reporting receiving at least one offer within three months of graduation. Ninety-nine percent of the 1,094 graduates across the two classes responded to the employment survey, with 87 percent reporting their career decisions and 86 percent providing salary information. The overall annual mean salary landed at $113,700 and the overall annual median salary at $110,100. The median sign-on bonus came in at $26,900. Industry Choices INSEAD breaks down industry choice according to new
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Published: February 13, 2023
The Financial Times 2023 Global MBA Ranking: CBS Takes Top Spot for the First Time
The Financial Times (FT) released its rankings of the 100 best Global MBA programs for 2023. Changes to the ranking’s methodology and the glaring absence of a familiar name have really shaken things up. “The weighting for salary-related metrics has been cut from 40% of the ranking to less than 33% this time around, and that has clearly made a difference. The ‘extra’ 7% has been shifted into new categories such as carbon footprint (4%) and ESG coursework offerings (3%)” says Graham Richmond, co-founder of Clear Admit. Top Ten Overall Here are the top 10 MBA programs of
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Published: February 7, 2023
LBS Employment Report: MBA Class of 2022 in Demand
The 2022 MBA Employment Report from London Business School (LBS) demonstrates that international demand for LBS graduates remains strong. “The last year has been one of the toughest on record for business school graduates and we are proud that, despite these challenges, our students shone across the board, wrote Christian Dummett, the executive director of the LBS Career Centre, in the school’s report. “Demand for our talent continues to transcend borders, sectors and markets. Our 2022 class – made up of 65 nationalities – secured roles in 40 locations around the world, with 63% of the class choosing
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Published: January 26, 2023
Indiana University & UNC Top U.S. News 2023 Online MBA Ranking
U.S. News & World Report has released its 2023 Best Online Programs rankings, including online MBA programs. At the top of the list, two schools tied for first in online MBA programs: Indiana University–Bloomington and University of North Carolina–Chapel Hill. The University of Southern California, which tied for first last year, now lands in third. The University of Florida moved one spot up to fourth place this year. The University of Washington and Carnegie Mellon University both occupy fifth place. “We see a lot of the usual suspects dominating the online MBA program ranking,”
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Published: January 25, 2023
HBS Announces Timing of Interview Invitations for Round 2
If you applied to Harvard Business School in Round 2, get ready for some big application news from the school on Wednesday, February 1st at noon ET. In a post to the Direct from the Director’s blog, the school shared the following details: “Next week, on Wednesday, February 1 at 12:00 noon Eastern Time, everyone who applied in Round 2—or received a “Further Consideration” decision in Round 1—will receive an update via the Application Status page. “There are two possibilities: “Invite to Interview – you’ll receive additional information
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Published: January 25, 2023
Texas McCombs MBA Employment Report: Class of 2022 Scores Highest Average Base Salary in School History
The University of Texas Austin McCombs School of Business has released its 2022 MBA employment report. Of the 241 graduates of the Class of 2022, 211 sought employment. Ninety percent received job offers by graduation and that number increased to 95.3 percent within three months of graduation. Those seeking employment set a new record, as they secured the highest average base salary in the school’s history of $144,564. The median salary landed at $140,500 with the overall range of salaries coming in at $60,000 to $225,000. The average signing bonus was $31,178 and
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Published: January 18, 2023
Dean Matthew J. Slaughter of the Tuck School of Business at Dartmouth Earns Third Term
The Tuck School of Business has announced that Dean Matthew J. Slaughter has been appointed to serve a third four-year term as the Paul Danos Dean of Tuck, running through June of 2027. This move comes as no surprise, given Slaughter’s notable accomplishments and popularity over the course of his first two terms as Dean. The announcement was made by Provost Davis Kotz (D’86), who cited Slaughter’s optimism, energy, commitment, and “drive to innovate” as key traits that have endeared the Dean to the Tuck community. Slaughter offered the following statement about his appointment
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Published: January 11, 2023
Stanford GSB MBA Employment Report: Class of 2022 Continues Increase in Starting Salaries
While the Stanford GSB MBA Class of 2022 began their MBAs at the early stage of a pandemic, they graduated into a strong job market. According to their employment report, 93 percent of students seeking employment received job offers within three months of graduation. Eighty-four percent of GSB graduates seeking employment accepted positions within three months of graduation. Of the 462 graduates of the Class of 2022, 309 were seeking employment; that is, 67 percent of the graduating class. Nineteen percent of the Stanford GSB MBA Class of 2022 are now
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Published: January 10, 2023
Cornell Johnson MBA Employment Report: Two-Year Class of 2022 Finds Success
The Cornell University Samuel Curtis Johnson Graduate School of Management MBA employment report reveals a successful Two-Year MBA Class of 2022. Out of 276 graduates of the class, 259 sought full-time employment. Ninety-seven percent received job offers within three months of graduation and 96 percent of those graduates accepted jobs within the same time frame. The average base salary for the Johnson Two-Year MBA Class of 2022 is $155,048, an 11 percent increase over last year’s class. Average signing bonuses landed at $38,310. Industry & Regional Placement Thirty-nine percent of Cornell Johnson Two-Year MBA
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Published: January 3, 2023
Columbia MBA Employment Report: Class of 2022 Finds Success out of Manhattanville Campus
The Columbia Business School employment report reveals a successful MBA Class of 2022 and opens with credit to the new location: “The School’s move to its new Manhattanville campus is enabling us to educate more students, embrace more alumni, elevate faculty research and scholarship, entice new thought leaders and practitioners, expand our connection of theory with practice, and strengthen engagement across the University and New York City.” Of the 865 graduates of the CBS MBA Class of 2022, 105 returned to sponsoring employers and 27 launched their own businesses. Three months after graduation, 95
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Published: December 21, 2022
Tepper MBA Employment Report: Class of 2022 Breaks Records for Employment Rates and Starting Salaries
The Carnegie Mellon University Tepper School of Business has released its employment report for the MBA Class of 2022. This year, Tepper MBA graduates broke the records for employment rates and starting salaries. For the first time in the school’s history, 97 percent of those seeking employment reported receiving job offers within 90 days of graduation. The class’s median salary also grew eight percent compared to last year, coming in at $148,067. “The outcomes highlighted in this year’s report demonstrate our graduates are continuing to drive the future landscape of business. As a school, we
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Published: December 20, 2022
Wharton MBA Employment Report: Class of 2022 Earn Record Median Salary
See the Wharton MBA employment report for the Class of 2023 here. The University of Pennsylvania’s Wharton School has released its MBA employment report for the Class of 2022, and graduates reported a record median salary. Of the 852 graduating Wharton MBA students, 74.3 percent (633 students) sought employment. An impressive 98.7 percent of MBA graduates seeking employment received a job offer within three months of graduation, while 96.2 percent had accepted job offers. The median class salary was $175,000, a record high for the school. Out
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