CLASSROOM TECH
Business Education, Enhanced with Technology
From online simulations to game show-like clickers, business schools are looking to technology to improve the classroom experience
FINANCIAL AID SPECIAL REPORT
Tuition Assistance for the Middle Class
Why recent moves by Harvard and other educational heavyweights to lighten the financial load for middle-income families won't be copied at many schools
VIDEO VIEWS
Video: Creative Innovation
Julian Birkinshaw, co-founder of the Management Innovation Lab at LBS, discusses new ways of thinking about creativity
MBA JOURNAL: APPLICANT UPDATE
Getting the Good News About B-School
Why the B-schools admissions process is so nerve-wracking—and why I nearly swallowed the phone when Kellogg called to say "Yes"
B-SCHOOL FORUMS
Visit BW Online's interactive forums for wide-ranging discussions about management education. Search through over 1,359,000 posts for topics that interest you. Join in today! Here are a few samples of recent messages:
Getting into B-School: USC vs. Darden
From: bizclass2010
To: ALL
Just want to get some ideas from you guys...
I was just admitted to Darden, so now I'm deciding between USC and Darden. I know Darden has a better rank and reputation, but if I want to stay in Southern California, should I pick USC? I'm interested in international business/marketing. Thanks.
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From: RandyMoss
To: bizclass2010
Somebody else posted a similar post regarding staying in SoCal. SC has a great international business program, and if you are set on staying in SoCal, go to USC! If you're trying to get a job at a company in SoCal, they will ALL recognize USC, but some may not appreciate the value of a Darden MBA. SC will build you a better network in CA to start with. Just my 2 cents.
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From: PlanBisBetter
To: bizclass2010
Def go for USC. There is nothing like the Trojan mafia in SoCal. I think people in SoCal won't know what "Darden" is, and when you say "Virginia," I don't think that will help you.
In terms of "brand," I really do think some of these named schools suffer by not being more associated with their overall brands. I'm sure the schools had to be named such and such b/c of naming gifts, but still... "Sloan" "Tuck" "McDonough" "Fuqua" "Anderson" (and "Marshall" too!) etc...
Blah, blah. Bottom line: For SoCal, Hawaii and Asia, USC is king.
I'm graduating from a top-tier MBA program this May (and working on Level II) and have received two offers to commence when I graduate. I am looking for advice from intelligent individuals like those on this board, many of whom are either in similar situations or will be in the near future (hopefully).
The first offer is an equity research associate position at a large buy-side firm. The role is exactly what you'd expect. I'd be working with two senior analysts covering specific stocks in a specific sector. I'd be performing financial modeling, preparing research notes, etc. Career track trends towards becoming a senior research analyst or possibly a PM several years down the road.
The second offer is at a very small Investment Management firm (and by very small I mean 3 employees and $100M in AUM). The firm manages money for a number of institutional clients (pensions, endowments). They currently manage three funds (large, mid, & small cap) and have a solid track record. My role would be helping the owner roll out and manage a new long/short ETF fund. I guess I should explain. Basically we will analyze sectors of the market we believe will outperform (tech, defense, etc.) and go long corresponding ETF sector funds.
Additionally, we will analyze sectors we expect to underperform and short those sector-specific ETFs. I would be completely involved at the onset assisting the owner in every facet of the development and management process. The company expects to grow considerably over the next couple years and it could (and I stress COULD) be a great opportunity to get in at a growing firm and make a name for myself at a young age... or it could go bust, who knows.
As you can tell these are different roles that would lead down different paths.
The question is: Which would you take and why?
Any thoughts are greatly appreciated.
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From: mbabuster
To: phi1771
Hey, I would not like to comment without more information, but with the info you provided if I was in your position I would go for the second option , since I would be building a position for myself and a name for myself rather than a great portfolio for someone else. I may not be the best person to advice you but personally I have a risk taking nature and the second offer seems like a better investment for my career compared to the first one. But then if you want to play safe I would advise to take the first option.
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From: m330ci
To: mbabuster
As the previous poster said, I think it comes down all to your risk preference. Personally, Iā?Td go for the 1st option but I tend to be risk averse. How long has the 2nd firm been around?
B-SCHOOL BLOGS
View over 4,500 blogs in our MBA Blogs community today! Share your journey, meet new friends, and expand your network. Connect with MBA students, applicants and alumni from Columbia, Kellogg, Notre Dame, and more! Become a blogger today! Here's an excerpt:
The Carroll School of Management: West Coast Eagles
By Matthew
Comments: 0 Stars: 0
Do you remember when I mentioned a program called Tech Trek West in an earlier blog? After weeks of preparation, our group of 24 flew out to Seattle just a few days ago.
If you are interested in working in the technology industry or other non-technology companies on the West Coast, this is the ultimate trip. Imagine being escorted into Starbucks headquarters where you receive a master class by a senior marketing director who led the development of the Starbucks-Apple partnership. Imagine discussing RFID technology with one of the leading CEOs of our time. Imagine working on a case study with the consumer marketing team at one of the largest telecom providers in the world, AT&T Wireless. And imagine getting career advice from Boston College alumni at Microsoft. And now understand that these things happened in only the first two days of the trip. This truly is the best "Tech Trek" of any business school - I canā?Tt imagine any better. Kudos to Professor Gallaugher.
After a whirlwind two days (and an extended birthday party last night) Iā?Tm sitting in my hotel room watching the Seattle Seahawks - and their quarterback, Matt Hasselback - another BC alum. Eagles are everywhere.
MBAs Answer: "Knowing what you know now, would you choose to get an MBA again?"
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I would do it all over again without hesitation. It challenged me in ways I never anticipated and it raised my standards and my work ethic to a level I did not know existed. I expect far more out of myself now than I ever did. Oh yeah, it was also a total blast. -Dartmouth (Tuck) '97; Internet Advertising Sales
I would most definitely choose to earn an MBA again. The people I met at business school will be a personal and professional asset for many years to come. I'm certain I would not have met such outstanding people had I not chosen to earn an MBA. -University of Chicago '99; Investment Banking
I would absolutely choose it again for the training and perspective it has provided. But I will say that it did not help me figure out what I wanted to be when I grew up. An MBA can only make that decision-making worse because it can expose you to more possibilities. I went through three jobs after business school before I finally settled into something that I enjoy and is challenging. The best advice I have is get the degree but don't expect it to give you answers about you or your life. -Stanford '92; Director of MBA Admissions/Higher Education
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While I was never a huge fan of computer games, when the original SimCity simulation program came out I was immediately addicted. So I am not surprised that computer simulations have become an important component of the MBA curriculum at many schools, as BusinessWeek's Francesca Di Meglio reports in this week's lead story, "Virtual Workplaces in the Classroom."
It's not clear whether online simulations will replace the traditional case study in business schools, but one thing is certain, technology is changing the way learning is being done in the classroom. You can check out some of these new technologies in use at business schools in the slide show we've put together to accompany Di Meglio's report, "Business Education, Enhanced with Technology."
Also, if you're interested in trends in paying for undergrad and MBA education, you can find a host of useful information in our Financial Aid Special Report.
There have been a lot of changes in this area in the past year - and we tell you what you need to know.
Until next week,
Phil Mintz
B-Schools Channel Editor
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MBA Insider Check out this feature-rich area for advice and tools that will help you choose the right B-school -- and develop a strategy for getting accepted
Full-Time MBA Rankings & Profiles BusinessWeek's Top 30 U.S. programs and Top 10 international programs. Plus, scan in-depth profiles of more than 300 full-time programs around the world
The Best Undergraduate B-Schools Undergrad business programs are getting MBA-like respect, and competition to get into them is hotter than ever. Here's how the top schools stack up
B-School Calendar BusinessWeek.com's scheduling tool will give you an idea of upcoming events at B-schools in the U.S. and around the world. You'll find information on admissions receptions, application deadlines, networking events, alumni events, conferences, and much more.