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May 13, 2008
 

MBA Express


NEWS  THIS WEEK'S TOP STORY

Accelerated MBAs Are Gaining Ground

One-year B-school programs, a mainstay in Europe, are getting a second look in the U.S.



  MORE TOP STORIES
VIEWPOINT
The Future of the MBA
The high-value decision maker of the future has to be conceived, prototyped, nurtured. In a word—designed

VIDEO VIEWS
The Wharton-INSEAD Partnership
The deans of the Wharton School and INSEAD talk about the benefits of the academic partnership between the two institutions


Numbers: B-Schools
As Interest In B-Schools Surges, The Outlook For Grads Is Mixed

MBA JOURNAL: SECOND-YEAR WRAPUP
Perspectives at the End of the MBA
"No learning is complete until we reach the stage where we can question it"

MBA JOURNAL: YEAR TWO
To Vietnam, and Graduation
"Many people say an MBA is pointless or a waste of money. …When I think about what I know now vs. what I knew in 2005, I know it was worth every penny"

 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: Actually Starting a Business

From: ecoismylife
To: ALL

In the top 20, which schools, do you think, have the highest number of its graduates starting a business after graduation? I'm looking for a school that not only has an entrepreneurship program, but also has students starting businesses after graduation (or while in school).
------------
From: mlbmba
To: ecoismylife

I would guess that Stanford, Harvard, and MIT top the list. MIT might actually be at the top, because they do a very good job of commercializing the technology developed there, and much of that involves Sloan professors/alums.
------------
From: Otford15
To: ecoismylife

It might be outside of your physical area of interest, but in Europe LBS, Imperial (Tanaka), and Cambridge all have decent percentages of the class starting their own business within 5 years of graduation.

Imperial and Cambridge both pair up their B-school students who are interested with grad students/professors in their science/engineering departments. The students get together, create a business plan out of the technology, and both schools then have their own venture capital funds to start them. Both schools are on par with MIT in terms of pure scientific horsepower, so some of the world's newest an most exciting technologies are being developed there. Cambridge is often referred to as an "entrepreneurial bubble" because the area has such a high number of angel investors and start-up companies.

A very large number of LBS alums have their own business within 5 years of graduation. I believe this is due to the higher than average level of international students there (~90%) as well as the high concentration of VC firms in London.
----------------------------------------------------------


Getting into B-School: Notre Dame Waitlist

From: mba_cracker
To: All

I am an international applicant in the Notre Dame waitlist for the past 3 months. Does anyone know how many people got pulled out of the waitlist in the previous years? ND is very silent on this and I guess the game is almost over for waitlisted people. Has anyone got pulled out of the waitlist yet?
------------
From: mba_cracker
To: All

Is there no one in Notre Dame waitlist? Am I the only person here? Any idea on the ND yield this year and when the decisions are expected?
------------
From: chevalier
To: mba_cracker

Please note the time difference and that most, located in the U.S., on the waitlist will read these posts at a later point in time. I suggest that you try later.

FYI, I have decided to matriculate at ND. From my contact with the ADCOM, I think in the next two weeks they will be able to tell you more, as they are very busy with registrations and other paperwork right now.

On the bright side, being an international student on the waitlist may be a definite advantage. They may use you in the latest stages to fill up their international applicant quota.
------------
From: mba_cracker
To: chevalier

Thanks Chevalier. Nice to know that you are matriculating at ND. So, the only thing to do now is wait for the next 2 weeks. Not sure how much of an advantage being an international is because I heard they have already given admits to lots of Internationals (particularly Indians) this year.
------------
From: chevalier
To: mba_cracker

That surprises me.

Did you have any contact with the ADCOM recently? I would recommend keeping frequent contact to be up-to-date on the latest developments and showing your enthusiasm. I do know that the percentage of applicants that have received an offer and actually accepting is very high at ND, compared to other schools. That being said, still a lot depends on the other Bschools and their waitlist. You often see that once one school starts accepting larger numbers from their waitlist, this drips through to lower ranked schools. With a slight time delay of course.

Cheers

 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:

I Want to Be a Stock Superstar: How Much Does a Firm's Name Matter to My Success?
By Shawn Snyder
Comments: 0 Stars: 0


So I have recently interviewed with two banks (one huge and the other small) for positions in their Economics and Investment Strategy groups and could potentially receive two offers. One bank is a short distance from where I live, but is going thru some tough times and has even laid off some people. It has a recognized name, but not bulge bracket by any means. The other position would eventually be in New York, but is with a much more stable and recognized firm. My question is this? Even though moving is a pain, is it better to take a job with a top firm and a strong brand or take a job with a potentially higher quality of life? How much does my future success depend on the name of my employer? I assume in banking that this is a big deal...
FOR THE FULL VERSION


 WORDS OF WISDOM
MBAs Answer: "Has having an MBA had a significant effect on you professionally?"
-------------------------------------------

Yes, my Master's degree opened many doors that were not previously open which provided me with significant career advancement opportunities. I wouldn't be in my current job today, since one of the requirements for this position is to have a Master's Degree. -Thunderbird '93; Marketing Executive

The MBA has definitley given me a leap in credibility. People respect your opinion and view you as an authority in your field. -Dartmouth (Tuck) '98; Entrepreneur

The MBA definitely gives you more professional credibility. I work in a creative firm with mostly non-MBAs, so I have a whole different set of skills than most of my peers. Also, the MBA network has helped enormously in developing new client relationships. If a potential client doesn't know you from a hole-in-the-wall, at least you'll get some measure of respect simply by having your MBA. -Dartmouth (Tuck) '99; Consultant

Absolutely, I feel it's made a difference. I think I have a lot more credibility - certainly in the job I'm in now as the Director of Admissions for an MBA Program - but even before I made this change to a non-traditional MBA career path. It's also made a difference in the way that I approach problems and issues in the workplace. I have a lot more confidence that the framework I use or the tools I use are the most effective and efficient ones. -Stanford '92; Admissions Director

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  B-School Insider
Dear Reader:

Who says a MBA has to take two years? As our lead story ("Accelerated MBAs Are Gaining Ground") this week, points out, one-year business school programs, a mainstay in Europe, are getting a second look in the U.S. The accelerated programs are still a small slice of the overall MBA market in the U.S., but with numerous global competitors, their numbers are likely to grow.

Where the MBA is headed in the macro sense is the subject of a guest opinion article ("The Future of the MBA") this week by University of Toronto professor Mihnea Moldoveanu. In it, he argues that MBA programs will need to act as "selection engines" for the sort of imaginative decision-makers that will become increasingly valuable as information becomes an inexpensive commodity.

As always, we invite you to join the in the conversation in the Reader Comments area of the articles and in our Business School forums.

Until next week,
Phil Mintz
B-Schools Channel Editor


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  Tools & Features

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.

EMBA Rankings & Profiles
BusinessWeek's biennial Executive MBA rankings grade 25 programs worldwide. Plus, you'll find profiles of nearly 200 programs

Exec Ed Rankings & Profiles
Here are BusinessWeek's top 20 Executive Education programs. Plus, profiles of more than 100 programs worldwide


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