MBA News
A collection of news items from MBA programs and about the business school admissions process.
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
Read more
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
Read more
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
Read more
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.
Read more
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
Read more
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.
Read more
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
Read more
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.
Read more
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
Read more
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
Read more
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,
Read more
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,
Read more
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
Read more
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
Read more
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,
Read more
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
Read more
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
Read more
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
Read more
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
Read more
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
Read more
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
Read more
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
Read more
Published: March 19, 2021
The Wharton School & Deloitte Partner to Advance Inclusive Leadership
“What are the barriers to inclusive leadership?” The Wharton School recently announced a partnership with Deloitte, a consulting and advisory company, to research and resolve this pressing question. The school and firm plan to collaborate to gain a more nuanced understanding of effective sponsorship and mentorship of minorities. Their efforts will build on previous research conducted by Wharton Professor Stephanie Creary. Her research suggests that leaders may provide their racial minority direct reports with qualitatively different types of support. The partnership’s new research will survey managers from racial minority and majority groups. Additionally, they will conduct a field experiment
Read more
Published: March 17, 2021
Wharton Professor Named Next Director of Cambridge Judge Business School
Professor Mauro F. Guillén of the Wharton School will assume the role of Director of Cambridge Judge Business School on September 1, 2021. He succeeds Professor Christoph Loch, who had a successful decade of service to the business school. Mauro Guillén, Wharton Professor & New Director of Cambridge Judge Professor Guillén has taught at Wharton since 1996. He held the Zandman Endowed Professorship in International Management. Between 2007 and 2019, he served as director of the Lauder Institute of Management & International Studies. Additionally, he is a trustee of the Royal Foundation of Spain and a
Read more
Published: March 16, 2021
Join the Club: Clear Admit’s First Clubhouse Event!
The MBA Admissions Club, created by Clear Admit, is holding its first event in the Clubhouse app on Thursday, March 25, 2021 at 12pm ET. Hosts Graham Richmond and Alex Brown will share Round 2 decision updates, offer admissions tips, and facilitate an open and collaborative conversation about the business school application process. This club was created to connect MBA applicants with Clear Admit team members, admissions officers, b-school alumni, and industry experts, for live discussion about the admissions process. MBA Admissions Clubhouse Conversations The first Clear Admit
Read more
