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March 25, 2009
 

MBA Express


NEWS  THIS WEEK'S TOP STORY

World to U.S. B-Schools: Thanks, but No Thanks

International students, worried about future job prospects, are turning down elite U.S. business schools in favor of MBA programs in their home countries

Plus: Why the U.S. Is Losing Foreign Grads  > >
Report: Losing the World's Best & Brightest  > >
Special Report: B-Schools in Europe > >



  MORE TOP STORIES
B-SCHOOL LIFE
Special Report: Europe's Top B-Schools
Our annual report on European MBA programs finds demand surging as globalization and tough economic times make graduate studies more attractive

IDEAS & INNOVATION
Duke Rethinks Idea of a Global Campus
Fuqua B-School's new international MBA program will be conducted in six cities abroad. First program will be in London, New Delhi, and Dubai


Yale's New, Female Dean
Sharon Oster, the Yale School of Management's new dean, shares her thoughts on why more women are taking on administrative roles in academia

MBA JOURNAL: JOB SEARCH
The Job Search Roller-Coaster
"By the end of Trinity Term, I had made no progress. I was rejected by every single company I applied for with no opportunities to interview"

 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 - Withdrawing Application Etiquette

From: cafin11 To: All
I have a question regarding withdrawing applications to schools I'm not really interested in after receiving acceptances to top choices. Is this common to do, or just bad etiquette?
From: Timothy_Smith To: cafin11
It's common and it's perfect. Others are on waitlists/hoping for admission, so go for it.
From: kaka2020 To: cafin11
It is not only ok...but you should do it right away. School's will get a sense of their open slots and someone else's dreams will come true :) You never know...it could be mine...hehe

Congrats on the multiple acceptances btw...


Getting into B-School - Best Entertainment/Media Schools

From: dcdc To: All
Hi all,

I work in the entertainment industry (on the creative side, but trying to round it out with hard business skills) and am trying to decide what the best program would be. Anyone with the same background have any thoughts on

UCLA v. NYU or COLUMBIA (LA v New York)?

NYU v. COLUMBIA? (Best for entertainment between the New York schools)

UCLA//NYU/COLUMBIA (schools based in cities that are hubs in entertainment and have entertainment specializations) v. STANFORD (all-around amazing school without entertainment specialization)?

And finally...
KEEP WORKING v. GO TO BUSINESS SCHOOL?!

Admitted to one thus far and interviews at the rest...

Thanks!!!
From: sdhusky To: dcdc
Have you looked at USC? I know they have a specified Business of entertainment track which is supplemented by a couple student industry groups, etc. I have a friend attending there now for the same reason and he seems quite impressed with the program. Don't know how its perceived, but might be worth taking a look.

Full disclosure: I'm awaiting decision (not entertainment track)
From: emanon To: dcdc
Why not Kellogg?
From: dcdc To: emanon
Kellogg's program looks great, but I was mainly looking at NYC and LA schools (because of my industry, entertainment). Didn't apply to USC because I thought UCLA was a better fit for me. Applied to Stanford because I love everything about the school, from the culture, to the campus, to the program. Its only con is that the other schools have entertainment specializations....
From: MBAApply To: dcdc
What are you looking to do?

Are you looking to work on the corporate side? What sector - film/tv production, film distribution, broadcasting, agencies, publicity, advertising, music labels, music publishing, etc?

Alex Chu
From: Carterman32 To: MBAApply
I'm in the same position. I work in entertainment and applied to USC and UCLA. My understanding is that UCLA has a better brand name, but USC is good if you're gonna stay in SoCal. I guarantee that Columbia and NYU are nowhere near as media friendly as USC and UCLA if you're on the creative side.

I have no idea what I want to do after business school. I made something up on my application to fulfull the essay requirement, but truth be told, I could end up in anything, media or otherwise.
From: italysoccer To: Carterman32
You forget Miami. I would look into the Univ. of Miami MBA, the top one in the southeast by WSJ rankings.


Getting into B-School - Wharton Waitlist

From: INDAG To: All
Hi Folks,
I am a round 1 Wharton Waitlist candidate. I believed that i had fantastic interview but am stuck with Waitlist. Does anyone know if waitlists are getting cleared at Wharton and if anyone has got acceptance? I have few other schools but Wharton is where I want to go like most of you :)
From: SuperMBAFan02 To: INDAG
i beleive WL students are re-entered into the R2 applicant pool, which means they dont hear anything - either good, bad or indifferent - until the R2 decision release date.

on admissions411, it didnt seem like there were as many WL candidates as in years past. not sure if thats a) true or b) reflective of admissions411 people who haven't updated their status. if it is true, not sure if thats a) a good thing because they're being more selective with the WL or b) a bad thing because theyre being more selective with the WL.
From: Auto123 To: All
From a prior thread that I started re: admits that people have declined and through other threads, it seems as though quite a few people have turned down Wharton for other schools...clearing up some space for R1 waitlistees.
From: INDAG To: Auto123
That would be great, fingers crossed :)
From: mxmba To: All
Im a WLer too...I think there are plenty of WLs around...

In the GMATClub forums there are about 20 WLs registered...

http://gmatclub.com/forum/t75263-wharton-2009-waitlist-thread-share-your-agony-here

Also, if I remember correctly, on the s2s forums at Wharton they were about 40 WLs too...
From: Auto123 To: mxmba
Yeah, I recall those figures as well....I am just hopeful that people that were on the waitlist and have decided on another school have infact e-mailed Adcom and informed them (opening up spots for those still waiting!)


Getting into B-School - Top Schools for Int'l Marketing?

From: mariosan To: All
I'm doing my own research but would appreciate any recommendations for MBA schools that have strong International Marketing programs. I have only visited Thunderbird but I'm looking in the U.S. and abroad, thank you!!!
From: italysoccer To: mariosan
Florida International University has an excellent International MBA 1-year program and it's situated in Miami, arguably the most international city in the country, gateway to Latin American and Europe.

http://en.wikipedia.org/wiki/Florida_International_University_College_of_Business_Administration
From: vequis To: mariosan
The obvious answer is any of the top business schools (H/S/W/INSEAD/LBS/etc.). If you can get into a top school, that's what you should do, as their networks, curriculum and brand will get you further than any specialty school (i.e. Thunderbird). That said, if you don't have the stats to get into a top school, Thunderbird is a good option if you're looking for a globally focused curriculum and decent international network. I know italysoccer is a huge fan of FIU, but I personally would advise against going there unless you want to stay in Miami. Thunderbird has a much more respected brand internationally than FIU (which is completely unknown, even in the US). If you're capable of gaining admission into one of the elite business schools, you should look into the Lauder program at Wharton. Regarding international business schools, it really depends on where you plan on working (Europe?, Asia?, Latin America?).
From: GeekMBA360 To: mariosan
I'm going to offend some people here -- I graduated from one of the top MBA programs in marketing. In my opinion, you cannot really learn "international marketing" from textbook and business school. You learn from working in an international setting. However, a lot of the underlying marketing principles are applicable. There are quite a bit of "fluff" in so-called international program (regardless if it's international marketing, international finance, etc.) I would focus on getting in a school that have a strong marketing program (e.g. Kellogg).

cheers, GeekMBa360
From: naveen_ib To: mariosan
Check out the speciality rankings of Businessweek. I think it is a good place to start your search:

http://www.businessweek.com/bschools/mbapremium/oct2006/bs20061012_172088.htm#wheremarketing

Best of luck!
From: italysoccer To: vequis
Not true, since the specific rankings for International Business set FIU at #7, which means that the school is well known in that ranking.

And like I said, there is no more international setting than Miami. I live in California, and I can tell you that Miami is much more international than any city here.
From: 2012dreams To: italysoccer
um, you ever heard of a little city called new york?? which is arguably the hub of all marketing activities, national and international. yes, miami may have latin american operations for us based companies, but big international brands (esp those HQ'ed in other countries) - think chanel, loreal, lvmh, various hotel companies, sports affiliates, and even CPG's - base their international opps out of NY, if not required to run all marketing in their home country.

 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:

Being Inspired ? in China

Tsinghua Soundings ? Insights from MBAs in China By Tsinghua MBAs
A couple of weeks ago, I attended a lecture organized by one of the professors in school. I would garner to say this lecture had a profound impact on how I look at life, especially since now that my MBA life is coming to an end and very soon I will be heading back into the real world, one that is in all honesty very scary and with no light at the end of the tunnel, given the current world economic crisis.

The speaker at this particular lecture not only has gone through this moment of uncertainty, he has faced it his entire life.

Nick Vujicic was born without any limbs. For any ordinary human being, that would have been a good enough excuse to end life there and then. Instead, Nick has used the adversities he has faced in life to inspire, not only people facing the same situation he does but also to people from almost all walks of life. Instead of feeling sorry for himself, he has channeled all his energy into proving to everyone that it is rather the mind, and not the physical being that matters most in life. His Attitude is Altitude world tour has taken him to every continent in this world and prior to coming to Beijing, he had spent some time in Sichuan Province inspiring people who had suffered and lost family members in the earthquake.

Nick began his speech with the word 'Change'. Change that would help us look at life from a whole new different perspective. Nick shared with the audience the importance of vision and dreaming big. Using his own experiences in worldwide outreach as examples, he challenged us to examine our perspectives and look beyond our circumstances. He shared his view of ceasing to see obstacles as problems, but instead begin to see them as opportunities to grow and reach out to others. He stressed the importance of our attitude being the most powerful tool we have at our disposal and illustrated how the choices we make can have a profound effect on our lives and the lives of those around us. Nick shows through his own life that the major keys in fulfilling our biggest dreams are persistence and choosing to embrace failure as a learning experience, rather than allowing the guilt and fear of failure to paralyze us.

He said that nothing in life can stop him from smiling. And when people see him smile, they say to themselves, how can a man with no limbs smile like that? What does he have that they don't? He then revealed that it was through his faith and the constant support of his family that has pulled him through life. He emphasized time and time again that it is always love and attitude, not monetary wealth and a person's physical outlook that brings lasting peace and happiness within oneself. He mentioned temporary happiness, things like having lots of money, a healthy sex life and popularity. He said these arbitrary things in life only provided a false consciousness of what happiness really is. To be really happy, one had to accept what one is given and to make full use of one's time on earth. Life is short and that life was a lesson, you only ever finish learning when you are through with it. He is the epitome of the phrase 'I asked God for all things that I may enjoy life, He gave me life that I may enjoy all things'. He is a truly inspirational figure to all of mankind.

This entry was written by Lim Weehun, a second year IMBA student at Tsinghua University. Lim is from Malaysia and has had a sales and marketing focus in the palm oil industry. He will be staying in China upon graduation and is planning to pursue a position in business consulting.


Training on the Cheap

Daveforce By Dave
Are you looking for some cheap and cheerful ways to sharpen your skill set? Eager to learn something new and potentially valuable but don't have the money to throw at expensive training courses? Well here are a few things you can do that won't break the bank.

Start learning a foreign language ? the BBC have some great language courses for free, there are also a host of other online and offline resources to get you started.

Use your staff ? if you run an organization, or even if you're an employee, you may be able to organise some in-house training, leveraging the skills of people you already work with.

It may sound obvious but, read a book ? there are plenty of fantastic books available at you local library on all manner of subjects.

The ipa as well as a host of other organizations, run talks on many topics ? they are relatively inexpensive and can be surprisingly good.

Hope that has given you some ideas ? happy learning
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  B-School Insider
Dear Reader:

It's come to this. At one time, U.S. b-schools occupied a preeminent spot in the imaginations of countless strivers from other lands. The U.S. itself was the shining city on the hill, and b-schools the gateway. Virtually any applicant smart or lucky enough to be accepted wouldn't dream of turning down the offer. But that appears to be exactly what's happening, as Alison Damast found in "World to U.S. B-Schools: Thanks, but No Thanks." With the U.S. economy in tatters, student loans harder to come by, and work visas in short supply, many international applicants are now turning down elite U.S. b-schools and attending MBA programs in their home countries instead.

At the same time, a lot of U.S. applicants are taking a pass on U.S. b-schools as well, opting instead to attend MBA programs in Europe, where the programs are shorter, the costs are lower, and-let's face it-the food is better. For a look at the top programs on the continent, check out our exhaustive special report. It includes stories, slide shows, video, even a first-person account by a U.S. student getting her MBA at ESADE. Enjoy.

Louis Lavelle
Business Schools Editor
BusinessWeek

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