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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:...

4 Factors to Consider About European MBA Programs...

As business becomes more global, future MBA applicants may ask themselves if they should consider heading abroad for business school. In many cases, the answer will be yes. The best business schools attract international students and faculty of the highest caliber, and in terms of rankings, elite European programs perform as well as many top programs in the U.S. According to the latest top MBA salary and job trends report, international study experience is sought by 67 percent of MBA employers, and recruiters “most significantly agree that candidates with international experience outperform those without.” There are four factors you should weigh to determine if a European business school is a better fit to help you reach your career goals. [See the Best Global Universities for studying economics and business.] 1. Global networking options: If you want to build a global network in a multicultural environment, then apply to schools that can help you fulfill those goals. While MBA programs at Harvard Business School and Stanford Graduate School of Business have sterling reputations worldwide, just 17 percent of 2013 HBS grads and 13 percent of 2014 Stanford MBA grads found work abroad after graduation. If you know you want to work in Europe, you’d be better off choosing a local school where you can network directly with employers. 2. Greater classroom diversity: The top programs in Europe tend to be much more internationally oriented, with 96 percent of the class coming from outside the country​ at some schools. Think about how that culturally diverse mix enriches class discussions, as well as creates networking opportunities that span the globe. There is one caveat to the diversity of top European programs: They typically enroll fewer women compared with U.S. business schools. For...

A bigger bang for your MBA buck in India

It pays to read between the lines when B-schools make tall claims There are close to 4,000 business schools in India, and more than 3.5 lakh graduate from these programmes every year. Can the country’s job market create so many well-paying jobs? Before aspirants set out to do their MBA programme, it would be worthwhile to ask what B schools tell you and what you should be asking them. We have a 100 per cent placement record: You will see that even Wharton or Harvard do not have the ability to guarantee a 100 per cent record. What you need to ask is “How many people got placed in the school’s most recent class?” Do not look at statistics on placement from four years ago. Many schools will have 3-to 4-year old statistics. If a school claims to have placed 10,000 people, ask out of how many? Many MBA programmes have multiple branches. Ssimply looking at placement numbers without the denominator is not sufficient. Average salary and the value addition: The average salary of the students was ₹4 lakh or ₹5 lakh or ₹8 lakh Does that average salary include the following: Joining bonus: If the average salary figure includes a joining bonus, or relocation bonus, then that should not be a part of the average salary figure. The joining bonus is not given every year; only the first time. However, some schools will use that for the average figure. Does your average salary include the people who were not placed? For example, if out of 100 people, only 1 gets a placement with a salary of ₹4 lakhs per annum and the remaining don’t get employed, you need to ask if the schools include the zeroes for those...

Top 10 B Schools in India

With Common Admission Test 2014 (CAT) to be held on November 16 and November 22, MBA aspirants are busy with the preparations in full swing. Amid all the stress of preparation it is very important to locate the best B School out of the clutter. In India, approximately 3000+ B-schools exist to satisfy the demand for MBA. However, out of these, only few B Schools impart quality education and bring out leaders. Here is the list of top 10 B Schools in India that will help you take a right decision without going through any hassle. IIM, Ahmedabad: IIMA has been ranked as the number one management school in the country year after year in the last several years. In its latest ranking, The Economist has ranked IIMA at 56 among the top 100 international B-schools in the world that offer full time MBA. With a vision to become an Institute that is globally recognized and respected as a thought leader in management. IIMA churns of best MBA Graduates every year. The selection process of IIMA for MBA level Post Graduate Programme in Management (PGP) is one of the toughest programmes in the world to get into. Out of every 680 candidates 1 got a seat in the 2008-10 PGP batch. IIMA ‘s MBA offering is one of the oldest and most prestigious academic offering. IIM, Calcutta: IIMC has grown into a mature institution with global reputation, imparting high quality management education. It has been playing a pioneering role in professionalising Indian management through its Post Graduate and Doctoral level programs, Executive Training Programs, Research and Consulting Activities. XLRI, Jamshedpur XLRI, Jamshedpur is created with a vision to offer enriching learning experiences to aspiring managers to enable them to...

The Top 10 MBA Schools in Canada

Canadian Business’s 23rd annual MBA Guide has everything you need to pick the right program for you. An MBA is an investment in yourself, and you should get a decent return. The MBA programs on this list combine competitive value, solid classroom experience and good name recognition. But—like any ranking—it’s only part of the picture. The right program for you is one that meets your needs—whether that’s regional expertise, specialized subjects, industry connections or flexible scheduling. 10: Ted Rogers School of Management Ryerson University, Toronto 9. Asper School of Business University of Manitoba, Winnipeg 8. Haskayne School of Business University of Calgary, Calgary 7. Telfer School of Management University of Ottawa, Ottawa 6. Gustavson School of Business University of Victoria, Victoria 5. Alberta School of Business University of Alberta, Edmonton 4. John Molson School of Business Concordia University, Montreal 3. Schulich School of Business York University, Toronto 2. HEC Montreal Montreal 1. Queen’s School of Business Queen’s University, Kingston Read full story:...

IIT-Delhi to announce new MBA curriculum

IIT-Delhi’s department of management studies will soon unveil a new MBA curriculum to catch up with the world’s best in business management, officials said on Saturday. The announcement came after the Indian Institute of Technology organised a “MBA Curriculum Review Stakeholders’ Consultation Workshop” in a bid to respond to the changing times and catch up with the world’s best in business management education. According to a statement issued by the premier institute, the workshop focused on developing content that relates to the interests and demands of the industry. It also aimed at obtaining inputs in specific functional areas including information technology and business analytics. Lea la noticia completa en Times of...

Domestic MBA Candidates May Lose Out To Internationals...

Domestic MBA candidates may face missing out on places at some business schools in Europe this year. Candidates from outside a school’s main region are more likely to gain admission to MBA programs, according to a former admissions director at Columbia Business School, while some schools place a cap on domestic candidates, and others defer local candidates for a year to keep their cohorts diverse. Frank Fletcher who is head of recruitment at Belgium’s Vlerick Business School, considered one of the world’s best in the MBA rankings, said that “we enrol a limited number of Dutch students” for its MBA, to keep the class international. Data compiled by the Financial Times based on the MBA class of 2013 show that only 19% of Vlerick’s MBA students are from Belgium. Most European business schools enrol a huge number of international students, compared to the US where there are more domestic students studying for MBA degrees. They argue that this makes a class more “diverse” – increasing learning and employment opportunities. Several European business schools contacted by BusinessBecause said they factor a candidate’s geographical background into their admissions processes, although some said they do not look at this factor in isolation. Humphrey Sopakuwa, an advisor responsible for recruitment at the Netherlands’ Tias Business School, also ranked in the top-100, said that “we receive a lot of applications from certain regions and at one point during the admissions cycle we would probably not consider applications”. According to rankings data, 100% of Tias’ MBA students registered a citizenship which differs from the Netherlands, suggesting the school admitted no domestic students last year…Lea la noticia completa en...

Russian MBA: playing by the rules and not.

Independent rating of Russian business-schools “Exclusive Personnel” business publication represents its own independent rating of Russian business-schools. 70 educational establishments, where managers and entrepreneurs comprehend higher mathematics and acquire an MBA degree, participated in the rating. The structure of Western business is such that only people with an MBA degree can occupy positions of a certain level. But an MBA degree in Russia is optional and often criticized as it does not guarantee career take off or rapid salary increase. Natalya Bukhshtaber, Head of department of Higher School of Business (Moscow State University) lists the complaints of business companies’ representatives: “You have to teach business school graduates to work. They wait for a hint and do not take responsibility. They cannot assess a situation critically and see the full picture. Their knowledge outdates quickly and can become inadequate.”…Read full...

The Bargain MBA

You can still go to Asia for a bargain MBA Not long ago I wrote about a recent graduate who had cut her college costs in half by going to another country. (See: “Royal College Bargain”) Ever since then, I’ve wondered why so many American college students stay here and pay so much. Others are wondering the same thing ” as this blogger put it, going abroad is “a hell of a lot cheaper, and you don’t emerge deep in debt like you would back home.” But if you’ve stayed here, that’s fine. You can still go to Asia for a bargain MBA. Business students, of all students, should realize that competition is global, even in education. On top of that, they have a strong incentive to shop around because MBAs cost a fortune. The math is striking: Duke University’s MBA program is ranked 20th in the world on the Financial Times’ list of the best business schools. It takes two years and roughly $100,000 to get a degree, although that’s just for tuition, not housing or books. The University of Michigan’s business school is ranked 24th in the world and takes a similar amount – out-of-state students will pay $105,888 for two years there. Books and other expenses could add another $41,000. Some other top U.S. schools cost even more. The University of Pennsylvania, Harvard, Columbia, Stanford, Northwestern, Dartmouth, University of Chicago and MIT all charge higher tuition, the Michigan representative cheerfully told me. But the Indian School of Business in Hyderabad, India costs $45,750, which includes housing and all other expenses. Plus it takes one year of your life, not two, and is ranked 13th in the world. To state the obvious, that means you pay half...