MBA News: Yale SOM Breaks Class Diversity Record
Yale School of Management boasts a record-breaking incoming class, while Rotman School of Management applicants face a new writing challenge—check out these stories and more in our latest roundup of MBA news. Leave your comments below please.
Meet Yale School of Management’s incoming class
As faithful blog readers will know, this year’s entering class of MBAs is perhaps the most diverse and talented yet. Yale School of Management is no exception. On the whole, it’s been a good year for Yale. First, it cracked the list of top business schools in both the Bloomberg Businessweek and the Financial Times rankings. On top of that, the MBA program ditched its former digs—which consisted of several old mansions—to set up shop in a far more modern building, called Evans Hall. Here are some more interesting Yale SOM facts: This year there were 326 new students, up significantly from the 23 who graduated three years ago. The school’s newest class also includes a record number of women and international students. (Poets&Quants)
Price cut at Simon Business School
Tuition cuts at business schools are almost unheard of. Even more so at a business school that consistently ranks among the best and most competitive in the nation. Yet that’s exactly what the University of Rochester’s Simon Business School announced last week. The two-year program will now have a sticker price of $92K, compared with its current tuition of more than $106K. One can almost consider this a price correction of sorts, since the school has been charging more than other MBA programs with similar rankings and required GMAT scores. The dean of the business school says that many qualified applicants write off Simon early on in the process because of the tuition. (Inside Higher Ed)
Meet Angela Lee. She’s an educator, entrepreneur, and assistant dean at Columbia Business School. A renowned motivational speaker on leadership, Lee is the founder and CEO of a company called 37 Angels, which specializes in counseling women on how to invest in startups. As someone who has thrived in a traditionally male-dominated space, Lee has unique insights into the leadership differences between men and women. “What I have noticed over the years, is that men are less apologetic than women are, whether it’s when firing someone or when making a decision at work. I also find that men are quicker to respond to opportunities,” she says. (The Huffington Post)
Rotman applicants put to the test
The University of Toronto’s Rotman School of Management just announced that it will be adding some new requirements to its application, consisting of what it calls a “timed written response question” in conjunction with two two video questions. After the two video questions, applicants will face a written prompt, for which they have ten minutes to answers and no word limit. This new requirement will test applicants’ writing “on the fly,” without the assistance of anyone—such as admissions consultants who can be quite helpful in “packaging” the applicant. It’s worth noting that Rotman was the first business school to employ video questions. Such schools as Northwestern Kellogg School of Management and Yale School of Management both later followed suit. (Poets&Quants)
MBA for HR
As you know, the career prospects of a business professional with an MBA are bountiful. MBAs enter a variety of roles in finance, consulting, and entrepreneurship, to name just a few possible career options—all lucrative and fulfilling in their own rights. Another, lesser-known MBA route is human resources. You might be surprised to to know that about one in nine aspiring MBAs attend business school to work in this area, according to one survey. (U.S. News & World Report)
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