MBA News
A collection of news items from MBA programs and about the business school admissions process.
Published: August 10, 2021
HEC Women in Leadership Club Uplifts Women in the MBA Program
The HEC Paris MBA’s Women in Leadership Club (WIL) has been at work for decades on its mission to “embrace solidarity, celebrate equality.” One of the 26 student-run associations within the MBA program at HEC Paris, the club’s elections have generally been unremarkable, with students sometimes running uncontested for the role of President and other positions on the board. However, over the past 18 months, these positions have become incredibly sought after. The most recent elections have encompassed full-blown media campaigns to earn votes from fellow students. What is behind the excitement and energy driving Women in Leadership?
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Published: August 9, 2021
Wharton Welcomes MBA Class with a Milestone Majority of Women
The Wharton School of the University of Pennsylvania reaches a pivotal milestone this fall: For the first time in its 140-year history, a majority of incoming MBA candidates will be women. The incoming class of 2023 MBA students will be comprised of nearly 52 percent women, representing a 10 percent increase over last year’s first-year students. “This landmark achievement demonstrates Wharton’s commitment to providing a diverse and representative community for our students,” Dean Erika James said in a statement. “As a female leader, I understand firsthand the significant impact that experiencing meaningful gender representation can have on women as
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Emory Goizueta Announces New Scholarship to Increase Representation of Women in Business
Usha Rackliff, Assistant Professor in the Practice of Accounting, teaching an Evening MBA Class. Did you know that women make up more than half of the United States’ workforce? However, women still lag substantially behind men in terms of equal pay and representation in leadership positions. For example, females represent only 7.4 percent of leadership roles at Fortune 500 companies. This statistic shows how women have to fight to prove they are capable and for a seat at the table; but Goizueta Business School wants to change that. Emory University’s
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Tuck Alumnus Creates Scholarship to Inspire Students From Japan
Everyone wants to look in the mirror and be proud of who they have become. To do so, people need paths to become the person they want to see. Though there are many different avenues one can take, many people choose the path of an MBA program. MBA programs are a wonderful way to grow your business network, develop advanced skills, and challenge your intellect. Unfortunately, sometimes you have to change paths because you do not have the means or ability to continue forward; and, over the past few years, Japanese students have been declining to
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Supporting LGBTQ+ Students: Saïd Business School Partners With Reaching Out MBA
Saïd Business School at Oxford University has partnered with Reaching Out MBA (ROMBA) to develop a fellowship program designed to support LGBTQ+ students and candidates. The goals of the ROMBA fellowship are to help LGBTQ+ students become the leaders of tomorrow, provide a unique global network for LGBTQ+ MBA students, help other people see the world from a LGBTQ+ lens, and empower/build representation of LGBTQ+ people in decision-making places and in society. ROMBA Fellowship Recipients Oxford University is proud to announce this year’s recipients of the 2020–21 ROMBA
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Wharton Joins AltFinance, a $90M Investment in HBCUs
The Wharton School of the University of Pennsylvania is investing in the promise of alternative finance to bring diversity to the financial industry. The business school has partnered with Apollo Global Management, Ares Management, and Oaktree Capital Management to launch the $90 million AltFinance: Investing in Black Futures™, an initiative that will fund recruiting, training, and career opportunities at three Historically Black Colleges and Universities (HBCUs) over the next ten years. The consortium of finance companies has established a non-profit, ALT Finance Corporation, to administer the program, with $3 million from each company pledged annually. This initiative is the
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New DeFi Toolkit: Wharton Professor & World Economic Forum Collaboration
At the peak in May, over $80 billion in digital assets were locked into Decentralized Finance, or DeFi, applications (i.e., MyEtherWallet and BurnerWallet) generally as liquidity or collateral supporting various services. Due to this new phenomenon, DeFi became a major development in global finance. However, many policy makers and other individuals struggled to understand the details of this new development. Therefore, The World Economic Forum decided to partner with Professor Kevin Werbach from The Wharton School at University of Pennsylvania to create the Decentralized Finance (DeFi) Policy-Maker Toolkit.
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HBS Announces Need-based Application Fee Waiver
MBA applicants to the Class of 2024 at Harvard Business School can request a need-based waiver of the $250 application fee. HBS first piloted this option in the 2020-2021 admissions season and were pleased with the support. As a result, HBS plans to keep it as a part of ongoing efforts to help remove barriers to applying and improve accessibility to graduate education from different walks of life. Chad Losee, Managing Director of Admissions & Financial Aid, told Clear Admit, “If you think of access to education in the U.S. for instance, we know
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Stanford MBA Students Use Social Innovation to Drive Change
Stanford’s Graduate School of Business offers many opportunities to MBA students, one of them being the Social Innovation Fellowship (SIF). This fellowship is designed to support emerging entrepreneurs who want to start a high-impact business that addresses a pressing social or environmental need. As the selected fellows test and implement their venture ideas, the fellowship will provide funding, advising, and mentoring to help the fellows reach their business goals. Stanford GSB is proud to announce the 2021 recipients of the Social Innovation Fellowship: Abdulhamid Haidar, Ted McKlveen, and Shawon Jackson.
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Goizueta Business School Launches Master of Analytical Finance Degree
Emory’s Goizueta Business School is officially announcing that it will be introducing a Master of Analytical Finance degree starting in the Fall 2022 semester. This new degree is being led by Kirsten Travers-UyHam, Adjunct Assistant Professor of Finance. With the financial market evolving so quickly nowadays, she recently saw a gap in the financial academic field that needed to be filled. She has created this program to be unique from others that are currently offered to business students or students interested in learning more about the finance field. Dr. Kirsten
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Building Momentum: Diversity and Entrepreneurship at Stanford Graduate School of Business
The Center for Entrepreneurial Studies at Stanford GSB has a goal to build a dynamic global community of entrepreneurs and leaders with a common purpose to change the world. In an effort to do so, they recently sponsored a virtual conference, Building Momentum: Diversity and Entrepreneurship, and encouraged entrepreneurs to participate. The event had an enormous turnout from all communities with an increased appearance from historically underrepresented communities among entrepreneurs, such as Black, Latinx, Indigenous, LGBTQ, and women founders.
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University of Pennsylvania Receives $5M Bitcoin Donation to Support Financial Innovation at Wharton
The University of Pennsylvania has received an anonymous $5 million bitcoin donation — the largest cryptocurrency gift the University has ever received — which will be used to support the intersection of finance and technology at The Wharton School. According to a University announcement, the bitcoin donation will support the growth of programs at Wharton’s Stevens Center for Innovation in Finance, which champions research, collaboration, and global impact in fintech. “This investment marks a new era and mode of giving to
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Wharton Venture Lab Announces Virtual Startup Challenge Winner
University of Pennsylvania students recently competed for $135,000 in prizes in The Wharton School’s 2021 Venture Lab Virtual Startup Challenge. The competition invited student teams from across the Penn community to present their start-up ideas. In response, Penn students from the Wharton School, The College of Arts and Sciences, The School of Engineering and Applied Science, Penn Carey Law, Perlman School of Medicine, and Penn Nursing submitted business plans. Out of 29 semi-finalists, eight finalists made their pitches at the final virtual event on April 30, 2021. Clear Admit’s co-founder, Eliot Ingram, attended the virtual event and
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Triple Accreditation & New Online MBA at WashU Olin School of Business
The Olin School of Business at the Washington University in St. Louis recently announced a couple of milestones. First, they have earned triple accreditation. Additionally, the school will be launching an Online MBA program in January 2022. Earning Triple Accreditation If a business school is accredited, it means that their program adheres to the highest educational standards. Also, accreditation opens the door to federal funding for the institutions as well as federal and state financial aid for students. Different governing bodies, including Association of MBAs (AMBA) and the Association to Advance Collegiate Schools of Business (AACSB), review teaching, curriculum,
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Michigan Ross Receives $1M Gift for Business+Impact Initiative
The Stephen M. Ross School of Business at the University of Michigan has received a $1 million donation from the gracious Applebaum Family Philanthropy. The mission of the Applebaum Family Philanthropy is to provide invaluable opportunities and experiences to the next generation, and this thoughtful gift is dedicated to doing exactly that. By implementing the new Applebaum Family Business+Impact (B+I) Experiences and Innovation Program, Michigan Ross will have the ability to offer more resources and rewards for students. This program will provide action-based learning in social impact, sustainability, poverty alleviation, and related policy. Most importantly,
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Published: April 28, 2021
Video Recap: MBA Recruiting Intel from Bain and J.P. Morgan
It’s never too early to start thinking about recruiting…or is it? We spoke with Keith Bevans, Global Head of Consultant Recruiting at Bain & Co., and Lauren Birnie, Vice President, Head of Firmwide MBA Recruiting at J.P. Morgan to discuss just that. Clear Admit and the MBA recruiting reps from Bain and J.P. Morgan came together on April 28, 2021 to discuss what these sought-after employers look for, and what their hiring processes entail. Topics covered include: How does your MBA recruiting process work? What will the impact of COVID mean for hiring this year? What tips/advice do you have
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Published: April 18, 2021
What Can MBA Applicants Expect During the Upcoming Admissions Season?
The Upcoming MBA Admissions Season The COVID-19 pandemic has forced students and schools worldwide to change plans and adapt in the midst of a constantly shifting health and economic crisis. The consequences of those changes and adjustments will have an impact on MBA admissions for the foreseeable future. As the murky post-pandemic world begins to come into focus, many prospective students are wondering what they can expect from the upcoming 2021-22 business school admissions season. It’s no secret that the pandemic caused economic distress and made in-person instruction challenging, if not impossible. It also put a damper on the prospect
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Published: April 15, 2021
A Debrief of March Madness: Post-MBA Employer Edition
In March 2021, we selected 32 notable companies to go head-to-head in our first-ever Post-MBA Employer Edition of March Madness. These firms were selected and seeded into the bracket based on their popularity with Clear Admit’s registered users – so we had our own predictions about how things would unfold. Graham Richmond, co-founder of Clear Admit, comments on the intriguing process of watching the tournament unfold: “This was a lot of fun for those of us who are keen followers of MBA recruiting trends. It was especially fascinating to watch the three most popular domains of MBA recruiting – consulting,
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Published: April 14, 2021
Stanford MSx Class of 2021: Profile in Resilience & Purpose
Stanford GSB’s MSx program is a mid-career one-year, full-time master’s degree program that traditionally begins in July at the Knight Management Center. Mike Hochleutner, director of admissions for the MSx program, told Clear Admit: “The MSx program itself is a very unique program that blends full-time business education with a particular model that is geared much more toward experienced and mature leaders. In the midst of Silicon Valley and Stanford, they have full access to the best of our faculty and other resources.” Mike Hochleutner, Director of Admissions, Stanford GSB MSx Program Current MSx student Katherine
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Stanford Graduate School of Business: Women Belong In ‘A Place Like This’
What’s A Nice Girl Like You Doing In A Place Like This? Fifty years ago, five young and ambitious women were admitted into the MBA program at Stanford University — three of them being Susan Phillips, Anne Thornton, and Barbara West. At first, their presence was unusual to faculty, administrators, and the male-dominated class. In fact, female students only made up 2% of the school class. The young women would often get asked, “What’s a nice girl like you doing in a place like this?” These women soon reclaimed that question and proved they
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HEC Paris Launches New Initiative to Empower Female Entrepreneurs in Green Transition
HEC Paris, an international business school located in France, has decided to partner with the Women’s Forum for the Economy and Society and Procter and Gamble (P&G) to start an ambitious initiative called #WomenEntrepreneurs4Good accelerator program. This initiative is designed to inspire women to innovate, grow, and foster their female creativity by turning their big idea into a business that aligns with the European Green Deal. This initiative was started for a multitude of reasons. First, the pandemic
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Published: March 29, 2021
U.S. News 2022 Business School Rankings: The More Things Change, the More They Stay the Same
U.S. News & World Report has released its 2022 Best Business Schools Rankings. Despite a rather tumultuous year in world events, this year’s results in the MBA rankings realm remain largely unchanged. Stanford Graduate School of Business ranked number one this year, no longer sharing the top spot with the Wharton School, which came in second. Stanford boasts the highest reported salary and full-time average undergraduate GPA and GMAT scores combined with the lowest acceptance rate. Chicago Booth remained at number three but is no longer tied with Kellogg, now ranked
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Published: March 24, 2021
Professor at Kellogg Nominated to Join President Biden’s Treasury Department
Ben Harris, Associate Professor at Kellogg School of Management at Northwestern University President Joe Biden publicly announced his intent to nominate Ben Harris as assistant secretary for economic policy at the Treasury Department on March 11, 2021. Harris, an Associate Professor at Kellogg School of Management at Northwestern University, holds a long list of credentials that make him more than suited for this incredible position. Harris has previously worked with Biden during both his Vice Presidency and his 2021 campaign as an economic adviser. Before Harris’ time working with Biden, he held research positions
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Published: March 22, 2021
Celebrating Women’s History Month With More INSEAD Alumnae
To mark Women’s History Month in 2021, INSEAD’s Limitless Campaign celebrates women entrepreneurs and role models who conquered obstacles and cast aside barriers to achieve success. INSEAD launched the Limitless Campaign as part of its Gender Initiative toward advancing gender balance. Meet three INSEAD alumnae who exemplify the spirit and determination of women in business, using their education, experience, and skill to remake the business world in their image. Sue Adams, MBA ’00 Sue Adams, MBA 2000 Sue Adams, INSEAD MBA Class of 2000, is a coach, organizational development facilitator, and consultant with
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Published: March 20, 2021
Northwestern Kellogg Hits Fundraising Milestone of $500 Million
Thanks to the recent $5 million gift from Michael ’88 JD, MBA and Cari Sacks, Northwestern Kellogg has surpassed their fundraising campaign milestone of $500 million. Kellogg’s Transforming Together campaign is part of the University-wide “We Will” Campaign, dedicated to advancing education at the institution. The school’s flagship Global Hub on the school’s Evanston campus stands out as a hallmark of the Transforming Together campaign. Additionally, $120 million in donated funds have created new scholarships. Over 31,000 unique donors have contributed to Transforming Together. “The Kellogg community has
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