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Brexit Could Cost MBA Jobs And Business School Applications...

UK’s business schools have been left reeling from the nation’s exit from the EU, with applications, jobs prospects and research funding now potentially at risk. Brexit threatens to harm the UK’s standing as a hub for elite universities, and Friday’s referendum result has placed the nation’s entire higher education sector into a period of uncertainty. Andrew Likierman, dean of London Business School, says: “Speaking personally, I am concerned at the implications of the result for the UK.” The UK is home to 14 of Europe’s top-ranked business schools by the FT. UK schools rely on their global standing to attract talent. But there are growing fears that the UK’s anti-EU sentiment will affect universities’ ability to recruit applicants. The proportion of British students in UK MBA programs has fallen from 58% in 2007-2008 to just 49% today, according to the Higher Education Statistics Agency. Brexit could not only turn potential students sour on the UK’s schools, but could also make it more difficult for schools to recruit faculty. For instance, 60% of Oxford University’s Saïd Business School professors are from outside the UK. Saïd did not respond to a request for comment. Ian Looker, education lead partner at PwC, says: “Not only is the research funding provided by the EU now at threat, but also the potential tighter controls over EU staff and students coming to the UK could well present UK universities as less attractive options to work and study.” LBS’ Andrew says: “For higher education as a whole, and London Business School in particular, this should not give the signal that the UK has turned inwards. We are a global school and I believe that the UK will remain an outstandingly attractive place to study.” Brexit could...

How many Indian CEOs have an MBA?

Does one need to have an MBA to ascend to the top of Indian companies? Not necessarily, but it helps. A Mint analysis shows that 144 of the CEOs of BSE 500 companies, India’s largest listed firms that make up 90% of its market capitalisation, have an MBA. Details were available for only 466 companies. Here, the term MBA is used loosely, to also include the much sought after post graduate diploma in business management or PGDBM that is awarded by the Indian Institutes of Management or IIMs. No other educational qualification comes close. Interestingly 81 of the CEOs are engineers but it is likely that many of the 144 CEOs with MBAs are engineer-MBAs. The Indian Institute of Technology and Indian Institute of Management Combination was and is a popular one. Still, there are 322 companies whose CEOs are not MBAs and it is evident that a B-school background may not be necessary to rise to the top — even in the case of professional managers. Here are five charts on the educational background of India’s top CEOs…Read full story:...

Insead tops ‘Financial Times’ MBA rankings...

Insead, the business school with campuses in France, Singapore and Abu Dhabi, has topped the Financial Times’ Global MBA rankings for the first time since they were introduced in 1999. This is the first time that an MBA programme with a substantial Asian presence has been ranked number one by the Financial Times , and marks a growing interest from elite students in Asian business and business schools. Insead is still the only top-ranked business school to teach its full-time MBA on multiple campuses, with 75 per cent of the 1,000 students studying in Singapore or in Fontainebleau, just outside Paris. It is also the first time a one-year MBA programme has been ranked in the top slot. The flagship MBA programmes of the four previous winners – Harvard Business School, Stanford GSB and the Wharton School at the University of Pennsylvania in the US, and London Business School in the UK – are all two-year degrees. These schools have been ranked in the top five slots along with Insead for the past three years by the FT. The full-time MBA programme at UCD Michael Smurfit Graduate Business School has been ranked 79th in the world and 24th in Europe in the survey. The school had been ranked 73rd in the 2015 rankings. The Insead MBA was the world’s first one-year programme when it began in 1959, though many others have followed. As the cost of studying for an MBA has steadily risen, many students are wary of taking on the debt associated with two-year degrees – students are frequently more than $100,000 in debt when they graduate. Though fees and living costs can be substantial, it is often the opportunity cost of lost salary that is the biggest...

The 19 best-value MBAs from Europe’s elite business schools...

Europe has some of the best business schools in the world, and the graduates getting MBAs often see their salaries explode in the years after graduation. But which are the most financially worthwhile for the students attending? How quickly can they make back the money they spend on the MBA after they finish? We took the recently published tuition-fee data from the QS/Top MBA global rankings, and used the top 25 European institutions in the ranks as the elite schools. We also looked at the salary data from the Financial Times’ 2014 European Business Schools rankings. The FT looks at the salary of graduates of each school’s MBA programme three years after graduation, compared to salaries before the course began. Nineteen of the 25 best Top MBA schools were covered by the FT. With this, we worked out what proportion of the total fees you could have paid off with the salary increase you saw over the three years after you finished the course. Of course, that salary increase can’t all be put down to the school, but it’s a good gauge of how quickly graduates are able to recoup the cost of the fees. 18. Imperial Business School: Salary gains pay for 64% of fees in three years. Salary three years after graduation: $103,604 Salary gain in percentage terms: 68% Salary gain in nominal terms: $41,935 Initial MBA fees: $65,691 MBA ranking (Top MBA): 22nd London-based Imperial Business School comes in at No. 9 for the most affordable MBAs in the UK alone. With the increase in salaries seen three years after getting an MBA at Imperial, the average holder could pay for 64% of his or her total tuition fees. 17. University of St. Gallen Business School:...

The cost of an MBA in Europe has plummeted, thanks to a strong dollar...

A strong U.S. dollar has discounted the price of a European MBA and led, officials say, to increased interest from American students. Add one more upside to the European MBA for U.S. students. Already, MBA programs in Europe offer an advantage to many students in their typical one-year length, cutting tuition along with opportunity costs. And the top European B-schools tend to accept higher percentages of applicants with lower GMAT scores than highly ranked U.S. schools. Over the past year, the strength of the U.S. dollar versus the euro has drastically discounted the price of a European international MBA, and led, school officials say, to increased interest from American would-be MBAs. The euro has plunged from a high of around 1.4 dollars per euro in May 2014 to 1.1 now, making it 21% cheaper for students who use dollars to pay European MBA tuition. INSEAD’s current tuition of 65,800 euros costs $71,557 in dollars – but if the euro hadn’t fallen since this time last year, that price would have been $89,488. Of course, the true savings are even greater when you add in the estimated living expenses of 23,800 euros that come with getting an MBA on INSEAD’s Fontainebleau campus in France. That’s $7,140 less expensive than only a year ago. The price differential is less consequential for U.S. students who enroll at schools in Britain. That’s because the United Kingdom government never adopted the euro and kept its own currency, the pound sterling, which hasn’t suffered as significant a fall against the U.S. dollar in the past year. The price break is less than half in the U.K., at 9.8%. At London Business School, for example, tuition for a student starting in its two-year MBA program this...

Be a Standout U.S. Applicant for European MBA Programs...

Prospective MBA students who want to get their degrees quickly can apply to one-year, domestic MBA programs, which are a growing offering in the U.S. But if they want the same quick experience, while also getting a global perspective, an MBA overseas may be a better option. European schools typically offer full-time programs that are shorter than two years, experts say. And applicants who choose one of these programs may not have to worry about being the lone North American transplant in class. In 2014, 35 percent of full-time, one-year European MBA schools saw an increase in foreign applicants, according to a report from the Graduate Management Admission Council. The hardships that come with getting into top-ranked U.S. business schools may be encouraging some applicants to look abroad, says Kaneisha Grayson, who runs The Art of Applying, an admissions consulting company. “Students are getting weary of the sheer competitiveness,” says Grayson, who graduated from Harvard Business School. While MBA programs in Europe can certainly be tough to get into, she says, some U.S. students might be able to sell themselves better with international schools…Read full story: U.S. News & World...

Should Harvard Business School Hit Refresh?

The institution that required students to carry laptops as early as 1984 and sent graduates to top posts at Hewlett-Packard Co. and Facebook Inc. is not keeping up when it comes to teaching management in a tech-focused era, say students, faculty and alumni. Meanwhile, competitors like Stanford University’s Graduate School of Business and Massachusetts Institute of Technology’s Sloan School of Management have established themselves as pre-eminent tech-industry feeders, according to the schools’ annual career reports…Read full story: Wall Street...

These Are the Students Good Enough to Turn Down Harvard Business School...

Who in their right mind would get accepted to Harvard Business School and turn it down? Turns out the answer is: someone who also got into Stanford. It’s a nice problem to have: You’ve been admitted to two or more MBA programs and can only choose one. As you weigh a host of factors, you might be curious about the decisions of recent students who faced the same set of school choices as you. Using data from students who answered a survey for Bloomberg Businessweek’s 2014 MBA rankings (about half of all 2014 graduates at ranked schools), we’ve identified MBAs admitted to specific pairs of top programs and tried to make sense of where they ended up. What we can’t glean from this: insight into financial aid packages, location preferences, or any other factors that might drive an applicant’s choice. Still, few things are a purer indicator of which school is truly most desirable than where the most sought-after MBAs—the ones with their pick of highly selective schools—chose to go. Duke (Fuqua) vs. Michigan (Ross): 128 students admitted to both programs Despite Fuqua’s claim to the top spot in Bloomberg Businessweek’s 2014 Full-Time MBA rankings, the University of Michigan’s Ross School of Business, ranked ninth and situated far from sunny North Carolina, claims more than twice as many applicants who get into both schools. Thirty-seven percent of students admitted to Fuqua and Ross select another program altogether. Chicago (Booth) vs. Northwestern (Kellogg): 113 students Hometown rivals Booth and Kellogg have both been No. 1 in Bloomberg Businessweek’s MBA rankings at various points over the years, despite different reputations and strength areas. Booth is known for rigorous focus on quantitative skills, while Kellogg touts its powerhouse marketing faculty. When admitted...

How Yale is beginning to crack into the elite B-school ranks...

Dean Ted Snyder has made it his mission to turn Yale’s business school into a truly global enterprise. The school’s recent rise in the rankings shows that his efforts are starting to pay off. It’s an alluring morning in New Haven, Conn. Under a brilliant sun, the air is crisp and cool. The leaves on the trees are beginning to transform into a kaleidoscope of colors. And Dean Edward “Ted” Snyder of Yale University’s School of Management is strolling the halls of the school’s brand new $243 million complex. Gathered in the lobby are a group of young people—a dozen or so prospective applicants to SOM—who are waiting for an admissions official to give them the pitch and a tour of the building, which looks so modern it could be the Starship Enterprise. Dean Snyder moseys over to the group and asks what interests them most about Yale’s School of Management. The first and second people who answer his question make him nearly wince. One earnest-looking young man immediately says that it is the school’s non-profit slant. Another says it is the relatively small size of Yale’s MBA program, which this fall enrolled just 323 students, a little more than a third of the totals at Harvard, Columbia, Wharton, Kellogg, and Booth. What Dean Snyder had hoped to hear was that these potential applicants were keen on Yale because it is, in the dean’s own words, “the most distinctively global U.S. business school.” That is, after all, what Snyder has tirelessly worked to do in repositioning the school since his arrival as dean in mid-2011. There are only two other answers that he would have preferred to hear this morning: that they’re keen to look at SOM because it...

Decide Between a Top U.S., Global MBA Program

Sometimes there are decisions in life you don’t want to complain about: Whether to vacation in the Bahamas or the Florida Keys, for example, or whether to buy a Mercedes or a Lexus. Sure, life could be worse. But that doesn’t make the decision any less anxiety-inducing. Students who get into the top MBA programs in the world find themselves in a similar predicament. Do they want to rub shoulders with Wall Street types at the University of Pennsylvania’s Wharton School or make international connections over croissants at France’s INSEAD Business School? The top MBA programs on either side of the Atlantic differ in various ways, experts say. And prospective students should consider a variety of factors before they choose a top U.S. MBA program or an equally well-regarded program in Europe or beyond. The first thing students should consider when choosing between a top-tier U.S. or non-U.S. MBA program are the academic components, says Rachel Beck, a senior consultant at mbaMission, an MBA admissions consulting firm. While some programs have a general focus, others are known for their specialties. She suggests prospective students go through course catalogs to make sure they find a roster of classes of interest. Students should also think about what industry they would like to be in, and whether their school has connections to that field. Applicants drawn to business innovation and startup culture may be good fits for the graduate business programs at schools such as Stanford University, University of California—Berkeley and Massachusetts Institute of Technology, says Matt Symonds, co-director of the MBA admissions consulting firm Fortuna Admissions. At the same time, students hoping to enter careers in private equity may want to choose a program at places like Wharton, Columbia University or...

Aerospace training: HEC Montréal launches its AeroWorld MBA...

Starting in September 2015, HEC Montréal will be offering an AeroWorld MBA*. This MBA focusing on the aerospace industry is the only one of its kind in Canada, intended for managers seeking national and international positions and responsibilities. The intensive program, offered full-time over a one-year period (54 credits), will be given in English, as it will welcome students from around the world. It should be of particular interest to people in the aerospace industry. The AeroWorld MBA will be offered in Montreal, one of the main centres of the aerospace industry, in collaboration with international experts from the EBC AeroWorld Institute, an internationally acclaimed institution specializing in aerospace. “Aerospace is faced with a series of transformations requiring that managers in this sector develop specific competencies,” explains Jacques Roy, Full Professor with the Department of Logistics and Operations Management at HEC Montréal and Academic Supervisor of the AeroWorld MBA. “These managers often start with scientific and technical backgrounds before moving into team or project management positions. An MBA will give them the skills they need to be more comfortable in these roles and speed them along their career paths.” The AeroWorld MBA is a self-financing program whose costs are covered entirely by participants. It allows HEC Montréal and, more generally, Quebec to export their expertise…Read full story: Canada NewsWire (press...

The best and worst MBA courses if you want a giant salary...

An MBA is not just about getting paid. It’s also about pushing your learning curve, widening your networking parameters and leveraging up some love among the case studies. But money is part of an MBA – why else would you fork out tens of thousands in tuition fees and living expenses if you weren’t expecting to to earn a lot of money at the end of it. If money is indeed part of your MBA decision matrix, the Financial Times’ new ranking of European Business Schools should come in helpful. It clarifies which MBA courses will transform your earning power and which won’t. If you want to earn more than $140k (£89k) after you graduate, there are only six elite schools in Europe to choose between. They are: London Business School ($157k), INSEAD ($148k), IE Business School ($147k), Judge Business School at the University of Cambridge ($144k), Iese Business School in Spain ($143k) and IMD Business School in Switzerland ($142k). Conversely, if you’re not too bothered about earning money at the end of your MBA, you might want to try University of Liverpool Management School, where you’ll earn $57.8k upon graduation. Or there’s Neoma Business School in Rouen, where the average graduating MBA salary is $64.4k. Or Politecnico di Milano School of Management – average starting salary $67k. The silver lining is that the MBA courses which don’t generate giant incomes upon graduation are priced accordingly. At Neoma, the MBA costs a mere €30.5k ($38k), while a Liverpool MBA costs a mere £13k (£20.5k). This compares to fees of £64k at the London Business School ($100k) and €62.5k ($78k) at INSEAD…Read full story:...