Thursday, March 29, 2018

Economist 2017 Best Business School Alumni Networks

At the Tuck School of Business at Dartmouth College, more than two-thirds of alumni traditionally make gifts to the annual fund. At USC’s Marshall School of Business, the school’s alums have a nickname: The Trojan Network. Tuck and Marshall grads rank among the top alumni networks, according to the annual survey conducted by The Economist. 

In 2017, the magazine polled current MBA students and recent alumni about the “effectiveness” of their school’s alumni on a scale of 1 (Poor) to 5 (Excellent). In doing so, The Economist was able to measure, to an extent, how engaged school alumni were in mentoring and helping with job searches.

University of Michigan’s Ross School of Business was top: It produced a 4.81 average. In fact, this score was the third-highest among top MBA programs across the various survey criteria, which also evaluated faculty, culture, facilities, and satisfaction. Tuck trailed closely behind at 4.79, beating out Stanford (4.77) and Marshall (4.73) as runner-up. Those scores, of course, are so close they effectively represent a tie of sorts.

The moderate class sizes also facilitate an esprit de corps at Tuck and Marshall that further deepen bonds. At Tuck, each class is comprised of roughly 280 students – a size that enables first years to connect with second years – and then turn around and mesh with incoming students. 

 Tuck boasts a size where no one can hide and a culture where no one gets left behind. Every Thursday the school has "Tucktails," which is a happy hour. Because the school is so small, students can get together in one room and drink beer and wine and just talk and catch up on the week. 

At 225 students per class, Marshall’s size lends itself to a similar collaborative and community-driven culture. 

Both schools lay down expectations early on, through word and deed, that sets the tone. At Tuck, this responsibility is constantly being reinforced – an embrace of giving back that is the bedrock of the Tuck experience. This same message is delivered at Marshall’s orientation from administrators, faculty, second years, and alumni. It is the bargain that first years struck by joining Marshall: They will enjoy the advantages of intensive support from the Trojan Network. In turn, they will be expected to do the same long after. 

From the alumni side, it is a “virtuous cycle” where intensive Trojan Network support drives alumni to go above-and-beyond in mentoring and opening doors for the students who follow in their footsteps.

Programs like Tuck rely heavily on outreach to connect the right students with the right alumni. Masland points to his career services operation. They are in constant contact with alumni about returning to conduct educational programming about their industries, roles, and employers. The center performs more personalized and targeted outreach as well. Students can connect with 2,000-3000 alumni across a whole breadth of subsectors based on student interests.

Class bonds lead to engaged alumni. Both are forged during rites of passage: shared experiences that connect students and alumni. At Marshall, that transcendent tradition is PRIME, an international study trip that highlights the core Global Context of Business course. Here, students fan out to rousing locales like Hanoi, Tokyo, Hong Kong, and Buenos Aires. Now 20 years old, the PRIME experience has become the binding experience that brings students and alumni together.

At Tuck, travel also brings together classmates. During winter break, for example, 40-50 “Tuckies” will band together for fun treks to locales like Japan and Brazil, usually led by student hosts from these countries. In fact, Tuck’s trademark closeness has been heavily amplified by the program’s international students. Notably, the school is renowned for its cultural celebrations. For example, the Brazilian cohort hosts an annual Carnivale, replete with dancers and Caipirinhas. Not to be outdone, Indian students put on a Dewali, a fall festival packed with skits and food that quickly turns into a dance party. In February, the Chinese contingent held a dumpling-making party to celebrate the New Year.

Both Marshall and Tuck maintain programs that match up students and alumni, along with setting the stage for alumni responsibilities to come. At Marshall, students participate in a one-on-one program with an alumni mentor. In addition, they attend an in-person event that brought all of these mentors together.

MBA alumni contribute to their alma maters in other ways too. At Tuck, alumni are welcome to speak in classes, a chance for students to pick up real-world practice advice. They are also included in educational activities, such as speaking at the school’s vaunted Private Equity Conference – where alumni traditionally stick around for cocktails and dinner with students. Considering Tuck’s remote locale, the high response rate to such invitations is a testament to the lasting bond between the school and its alumni.

The programs also offer opportunities that condition students to reflexively give back. At Tuck’s Admitted Students Weekend, for example, students run the show, even opening their homes up to candidates to stay overnight and enjoy dinner together. During orientation, this servant leadership is underscored by a community project that takes students out of the Tuck “bubble” to work with a local nonprofit. A cornerstone event would be February’s Tuck Gives, an auction where students help support peers who are going into non-profit or socially-focused summer internships. The donations are often service-related, such as choreography or workout training. In the end, they serve a larger purpose.

Monday, March 26, 2018








ランキングは給与比較サイト「」がMBA取得生1万人以上のデータに基づいて作成したもの(2018年3月発表 )。

20位 トロント大学ロットマン・スクール・オブ・マネージメント(カナダ) 15.5万ドル
19位 ボッコーニ経営大学院(イタリア) 15.9万ドル
18位 オックスフォード大学サイード・ビジネススクール(英国) 16.8万ドル
17位 フォーダム大学ガベリ・スクール・オブ・ビジネス(米国) 17.1万ドル
16位 ロンドン・ビジネス・スクール(英国) 17.8万ドル
15位 IESEビジネス・スクール(スペイン) 17.9万ドル
14位 ケンブリッジ大学ケンブリッジ・ジャッジ・ビジネス・スクール(英国) 18.0万ドル
13位 ザンクトガレン大学(スイス) 18.1万ドル
11位 INSEAD(フランス) 18.5万ドル
11位 カリフォルニア大学ロサンゼルス校UCLA アンダーソン・スクール・オブ・マネージメント(米国) 18.5万ドル

10位 ロス・スクール・オブ・ビジネス(米国) 18.7万ドル
8位 デューク大学 フクア・スクール・オブ・ビジネス(米国) 18.9万ドル
8位 コーネル大学ジョンソン経営大学院(米国) 18.9万ドル
7位 ノースウェスタン大学ケロッグ経営大学院(米国) 20.9万ドル
6位 ニューヨーク大学レナード・N・スターン・スクール(米国) 21.3万ドル
5位 コロンビア大学コロンビア・ビジネス・スクール(米国) 21.9万ドル
4位 ペンシルバニア大学ペンシルベニア大学ウォートン校(米国) 24.8万ドル
3位 シカゴ大学ブース・スクール・オブ・ビジネス(米国) 25万ドル
2位 ハーバード・ビジネス・スクール(米国) 25.5万ドル
1位 マサチューセッツ工科大学スローン経営学大学院(米国) 28.6万ドル


2位のハーバード・ビジネス・スクールも数々のビジネス・スクール・ランキングの上位常連校だ。世界中から優秀な頭脳が集まる伝統的な名門校のひとつである。それだけにMBA費用も年間の受講料だけで7.3万ドル とトップクラスだ。



そこでビジネス情報誌「CEOWORLD」が2018年1月18日に発表した「トップ企業が雇いたいMBA卒業生ランキング 」と比較してみると、スローン経営学大学院はここでも1位だが、11位のINSEADが2位、16位のロンドン・ビジネス・スクールが4位、2位のハーバード・ビジネス・スクールが5位など、かなり順位が変わって来る。


他にトップ企業での就職率が高いMBA校は、コロンビア・ビジネス・スクール(9位)、レナード・N・スターン・スクール(10位)、ケロッグ経営大学院(13位)、IESEビジネス・スクール(15位)、ケンブリッジ・ジャッジ・ビジネス・スクール(18位)、フクア・スクール・オブ・ビジネス(26位)、UCLA アンダーソン・スクール・オブ・マネージメント(27位)がトップ30入りした。



しかし高所得と言っても1位と20位では1.8倍の差がある上、雇用者からの評価もそれぞれ異なる。評価の高さに焦点を置くと、フランスのINSEADやHEC経営大学院、スペインのIE ビジネススクール、IESE、ESADE、中国の中欧国際工商学院、香港の商学院、香港中文大学、インドのインディアン・インスティテュート・オブ・マネージメント・アフマダーバードもトップ30に入っている。(アレン・琴子、英国在住フリーランスライター)

Business Schools Rank By Specialization

How Business Schools Rank By Specialization

Top Schools by Specialization

Finance: Wharton School or Chicago Booth.
Operations: MIT’s Sloan School of Management is your target. 
Marketing: Northwestern Kellogg
General management: Harvard. 
Production/Operations: MIT Sloan
Information Systems and Operations:  MIT Sloan.
Entrepreneurship: Babson. 

Only one school, MIT Sloan, earned more than one No. 1, in Information Systems and Operations. Harvard had two No. 2’s, in International Business and Nonprofits, while Stanford achieved three: in Entrepreneurship, Management, and Nonprofits. In no category did Stanford rank lower than ninth (International Business), making it the clear top school in specialization terms.

Analysis of the 2019 U.S. News MBA Ranking

Chicago Booth has claimed its first-ever No. 1 rank in the U.S. News & World Report MBA Ranking, released today. It tied for first with Harvard Business School (HBS), which has held or shared the No. 1 spot for four years running.

The University of Pennsylvania’s Wharton School, which tied HBS for first last year, slipped to third. Stanford Graduate School of Business, meanwhile, remained constant in fourth place for a second year. Last year, the California school was in a three-way tie for the No. 4 spot with MIT Sloan and Kellogg, but this year, those schools slipped to fifth and sixth respectively.

Here is this year’s top 10, in order of their 2019 rank (2018 rank in parentheses):

1 Harvard Business School (1, tie)
1 University of Chicago Booth School of Business (3)
3 University of Pennsylvania’s Wharton School (1, tie)
4 Stanford Graduate School of Business (4, tie)
5 MIT Sloan School of Management (4, tie)
6 Northwestern’s Kellogg School of Management (4, tie)
7 UC Berkeley Haas School of Business (7)
7 University of Michigan’s Ross School of Business (11)
9 Columbia Business School (9)
10 Dartmouth’s Tuck School of Business (8)

1. The University of Michigan’s Ross School of Business joined the top 10 for the first time since 2005. In so doing, it sidled past Columbia and displaced Dartmouth’s Tuck School to 10th place. And it knocked Yale SOM out of the top 10. 
2. Applicant behavior suggests that HBS, Stanford, and Wharton are still ranked more highly in the marketplace. 
3. Stanford dropped to #4th: this is probably because more of Stanford's students are entrepreneurs.  That’s because U.S. News’ methodology relies on “grades” from corporate recruiters and other employment stats that favor larger firms over startups or entrepreneurial pursuits. Therefore, schools with large numbers of students going into tech startups or entrepreneurship are penalized. 
4. Of the Stanford MBA Class of 2017, 16% planned to launch their own ventures upon graduation. This could impact Stanford’s recruiter score—4.4 out of a possible 5—which came in just behind the 4.5 score claimed by both Booth and HBS. 
5. At the same time, Stanford had a higher average GMAT score (737) and a lower acceptance rate (5.7 percent) than any other school in the ranking, including the three schools ranked higher. Stanford also boasted one of the highest average starting salary packages, $159,440, second only to third-ranked Wharton, at $159,815.
6. The “Magnificent 7,” or “M7,” remain: Strong performances by Haas and Ross knocked Columbia down to ninth, separating it from its M7 brethren, but otherwise the group of seven appears just as you would expect it, at the very top.
7. Columbia, out of all M7, is probably struggling because of the rising cost of living in New York and the declining interest among applicants in the financial sector. Also CBS is also one of the few leading schools that has yet to have improved its campus. 
8.  The average GMAT score for the most recent class jumped eight points over the year before, to 716, and GPA is up to 3.5.
9. Application volume has also been rising four years running. The number of applications for the Class of 2019 was a record-breaking 3,485, with acceptances offered to just 25.3%. 
10. The median starting salary for the most recent graduating class was $123,000, up $3,000 from the year before.
11. Yale slipped out of the top 10 this year to No. 11, probably because so many of its graduates are joining NPOs. 

For more information, see the article in Clear Admit 

Thursday, March 22, 2018

6 Biggest Surprises In The New MBA Ranking From U.S. News

U.S. News & World Report released its new 2019 ranking of the best full-time MBA programs in the U.S. and there are plenty of surprises in the results.

This year there were a number of eye-opening changes, from Chicago Booth's first-place tie with Harvard Business School to Yale School of Management's tumble out of the top ten. From our analysis of the new ranking we extracted the six biggest surprises. Here they are:

1. Chicago’s Surprise First-Place Finish

The University of Chicago’s Booth School of Business is no stranger to ranking wins — at least not since Edward “Ted” Snyder was dean of the school from 2001 to 2010. Snyder set the school on a solid trajectory with great forward momentum after his departure. From 2006 to 2012, the school’s MBA program was ranked first on consecutive Businessweek lists. It has also placed first in seven of The Economist MBA rankings, including for five straight years from 2012 to 2016.

But this is the first time Booth climbed to the top of a U.S. News MBA ranking. It did so, moreover, on the back of the University of Pennsylvania’s Wharton School, which had claimed a first-place tie last year with Harvard Business School. This year Booth replaced Wharton to share the No. 1 title with Harvard, while Wharton fell into third place, exactly where Booth was a year ago.

There are plenty of reasons for Booth’s success. Flush with money, the school has been able to attract some of the world’s best MBA students with significant scholarship gifts and recruit and retain some of the best faculty anywhere. Eight business school profs at Chicago have won Nobels: George Stigler in 1982, Merton Miller in 1990, Ronald Coase in 1991, Gary Becker in 1992, Robert Fogel in 1993, Myron Scholes in 1997, Eugene Fama in 2013, and Richard Thaler last year. Among the world’s business schools, no other institution can claim more faculty who have won the prestigious honor.

2. Michigan’s Ross School Cracks Top Ten In Seventh Place

The other big news in this year’s U.S. News ranking is the emergence of Michigan’s Ross School of Business. Ross not only cracked the Top Ten for the first time in 14 years — it finished seventh overall, jumping four places from its rank of 11th last year. To do that, the school had to jump over Columbia Business School, Dartmouth College’s Tuck School of Business, and Yale’s School of Management. No small feat. It is the highest rank achieved by Michigan in the U.S. News ranking since 1999.

The news is a big win for Scott DeRue, a highly popular Ross professor who became dean in July of 2016. When DeRue succeeded Alison Davis-Blake, the school was ranked 12th by U.S. News. Last year, Ross gained one spot to place 11th. While U.S. News did not disclose the actual ranks in its “sneak peek,” this year’s list would represent the second improvement in rankings for the school under DeRue. As recently as 2013, the school ranked 14th under Dean Davis-Blake.

Ross knocked Yale University’s School of Management out of the top 10 largely on the basis of its pay and placement numbers, which account for 35% of the overall ranking. The average salary and bonus for a Ross MBA graduate last year was $150,052, more than $12,000 over the $137,155 average at SOM which fell two places this year to rank 11th. Yalie pay is the lowest average salary and bonus of the top U.S. News-ranked 18 schools, even below UT-Austin’s $139,406.

3. Yale’s School Of Management Tumbles Out Of The Top Ten

Ross’ gain this year was Yale’s loss. The school tumbled out of U.S. News’ Top Ten for the first time in three years to finish in an 11th place tie with Duke University’s Fuqua School of Business. Sure, Dean Edward “Ted” Snyder was on a sabbatical this past year, but the real reason why the school fell has to do with the fact that it places the highest percentage of MBAs from any class into the non-profit sector.

Yale’s numbers were dragged down by the 5.2% of its graduating class that took jobs in the non-profit sector where the median base salary was only $67,500, nearly half the SOM class median of $124,900, and where few if any graduates received bonus money. At Ross, so few MBAs go into non-profit jobs that the employment report doesn’t even list the category. So depending on your point of view, those graduates add valuable perspective and diversity to SOM’s class or they hurt the school in rankings.

Still, the school’s drop is unexpected. SOM welcomed the most qualified class of MBA students to its campus last fall. The class  boasts a 727 GMAT average – a record for the school and a number that eclipses peer programs like Berkeley Haas, MIT Sloan, and Columbia. At the same time, the class’ 730 median average ties it with Harvard’s incoming class. Along with a two point rise in average GMATs, Yale also experienced a bump in GPAs averages, going from 3.63 to 3.67. Nearly a fifth of the 2019 Class hold graduate degrees, with another 13% pursuing dual graduate degrees. So don’t count SOM out. It could very well be back in the top ten next year.

4. How Can Stanford’s Graduate School Of Business Be Behind Both Booth And Wharton?

With an acceptance rate of 5.9%, with the highest average GMAT scores for an incoming class along with the highest undergraduate GPAs, Stanford would seem to have a big advantage in U.S. News‘ ranking. Yet once again the school managed no better than a fourth-place finish, behind arch-rival HBS but also Booth and Wharton. While that outcome is somewhat puzzling, the reason for it lies in the school’s lackluster job placement numbers.

Only 63.9% of Stanford’s MBAs had jobs at graduation last year, the lowest level of employment for any top-30 business school. Three months after commencement, fewer than 90% of Stanford MBAs were employed at 87.6%, lower than any other top 25 school. U.S. News interprets those stats in the most negative sense, assuming that Stanford grads are having trouble finding jobs with their MBA degrees.

In truth, the degree is so valuable and the school’s graduates are so self-confident that they routinely search for the perfect post-MBA job. For many Stanford grads that means an independent search for a job with an early stage company or startup that doesn’t recruit many MBAs. Those searches don’t fall neatly into a recruitment calendar to satisfy U.S. News’ job metrics. The result? Those low placement scores pretty much cancel out the highest average GMAT for any prestige MBA program (737), the highest undergraduate GPA (3.74) and the lowest acceptance rate.

5. Southern California’s Marshall School Makes The Top 20

Only two years ago, the full-time MBA program at USC’s Marshall School of Business was ranked 31st by U.S. News. Last year it climbed to 24th, and this year it cracked the top 20 by placing 20th on the 2019 list. That is a jump of 11 places in the past two years alone. It’s certainly doing something right.

The school improved on almost all of U.S. News‘ key metrics. The average GMAT score for last fall’s incoming class rose 11 points to a record 703 from 692. The average GPA for the class increased to 3.48 from 3.37. The acceptance rate for applicants to its MBA program fell to 29.1% from 33.3% a year earlier. And last year’s MBA graduates had average salary and bonus of $135,812, up nicely from the $126,934 of a year earlier. What’s more, a higher percentage of the class were employed three months after graduation: 93.6% last year from 91.5% the previous year.

Those improvements helped USC claim its Top 20 status.

6. Biggest Jump For A Top 25 School? Rice University’s Jones School of Business

While USC did impressively well this year, so did Rice University’s Jones School of Business. Jones rose six places —most of any school in the top 25 — to claim a rank of 23rd. That is the best the school has ever done on the U.S. News survey. Just three years ago, in 2015, Jones placed 33rd best for its full-time MBA program.

The incoming class’ 711 GMAT average vaults Jones ahead of established powers like the London Business School and Duke Fuqua in the race for talent. Rice even came within two points of Virginia Darden – an academic powerhouse and former home of Dean Peter Rodriguez. Long regarded as one of the best-kept secrets in the MBA ranks, Jones’ strengths have traditionally centered on academic rigor, individual attention, and entrepreneurial prowess. Now, the school is itching to step up in weight class – and possesses the vision, leadership, and resources to do just that.

“We could be the highest touch, most intimate, highly selective program in the country,” Rodriguez argues. “We think that we could easily be Top 15 in terms of the level of talent and our selectivity, but at a scale that may be only half of our peer set. … That combination is where we find our sweet spot. Part of what we wanted to do was to be more deliberate in our strategy to be highly selective and assemble a group of 120 full-time students who could go just about anywhere and could certainly go to Top 10 schools.”

John A. Byrne is editor-in-chief of, the leading website covering business schools. He is also the former executive editor of Businessweek and former EIC of Fast Company.

For more please see here


The Highest Paid MBAs Of 2017

Someone at Harvard Business School secured a starting base salary of half a million dollars, while someone at Stanford Graduate School of Business reported a salary of $450,000. 

This year, the largest base salary for a U.S. student was reported at the Wharton School at the University of Pennsylvania, while the largest salary for a foreign student came out of Dartmouth College’s Tuck School of Business: both were $325,000, and both were in financial services.

At both Wharton and Columbia Business School, U.S. MBAs earned $150,000 signing bonuses; at Columbia, one foreign national raked in a $165,000 bonus post-MBA. And in other compensation, one U.S. grad from Stanford pulled in an astonishing $450,000, while another U.S. student from Harvard received $350,000.

Some surprises popped up further down the ranking, too. At the University of Texas-Austin McCombs School of Business, one U.S. student reported a sign-on bonus of $122,000 — higher than all but two schools in the top 25, Wharton and Columbia. At UNC Kenan-Flagler Business School, one foreign student reported “other” compensation of $156,000 — higher than the highest foreign national’s reported base salary from that school ($151,000).

The highest paychecks after graduation usually go to MBAs who were already making big money before arriving on campus — MBAs with records of performance and years of experience in a highly paid field, such as finance at hedge funds, private equity companies, and venture capital firms. 

The highest salaries also tend to be located in the Northeast — that’s where New York City is, after all. That was the case for the Class of 2017 at both Harvard and Chicago Booth, which tied for No. 1 in the new U.S. News ranking, and at No. 3 Wharton, No. 5 MIT Sloan School of Management, and No. 6 Northwestern University Kellogg School of Management. No. 4 Stanford, No. 7 UC-Berkeley Haas School of Business, and No. 16 UCLA Anderson School of Management — feeder schools for the Silicon Valley tech and startup revolution — boasted large salaries in tech on the West Coast to go with the standard high finance/consulting figures.

Generally, U.S. students are continuing to make more money than their foreign colleagues. At Wharton, the difference in high salaries is $325,000 to $238,600. At Harvard, it’s $300,000 to $250,000. At Stanford, $285,000 to $250,000. You have to go down to Dartmouth Tuck, which had that gaudy $325,000 foreign salary (compared to the top U.S. student salary of $199,400) to find an exception. A little further down and you’ll find a real eyebrow-raiser: the top U.S. salary at Berkeley Haas is $185,000, while the top foreign salary is $300,000. At Carnegie Mellon Tepper School of Business, the high salaries are identical: $152,500. Same for Texas McCombs ($150,000). At Georgetown University McDonough School of Business, U.S. students topped out at $150,000, while one foreign student reported a base salary of $170,000.

At Wharton, where the top bonus in the Class of 2017 was $150,000, the average was just $31,214, but more than three-quarters of MBAs (77.2%) reported receiving some kind of bonus. At Harvard, where the top bonus was $100,000, the average was $29,855, and 69.5% of grads reported getting one. The highest average bonus among the leading schools was at Columbia: $34,481. More than 68% of MBAs out of CBS reported securing a bonus. The highest percentage of grads getting a bonus: 82.2% at Dartmouth Tuck, which translates to 175 students. The lowest: 50.7% at Stanford GSB, or 103 of the Class of 2017.

Stanford grads had the highest average base pay of any top-25 school — $144,455 — and tied with Wharton for the highest overall starting pay (salary plus bonus) at $159,815.

Saturday, March 17, 2018

New Wall Street Journal MBA Ranking Methodology

Times Higher Education (THE) and the WSJ (Journal) have decided to combine their ranking methodologies.  

The methodology will be based on surveys to both alumni and schools, with the possibility that THE and the Journal may survey employers and recruiters at another time. 

In general, the WSJ plans to rank programs under four categories: 
  1. resources (with a weight of 25%), 
  2. engagement (25%), 
  3. outcomes (38%), and 
  4. environment (12%), to measure “the social and human environment the students find themselves in and how well the school will prepare them for a global market.”

The survey includes 21 different metrics:
  • The ranking is heavily dependent on the views of alumni, with 12 of the 21 data points informed by responses from alumni who are both two years and four years out of school.
  • The new ranking will not measure the quality of incoming students in a program, a significant part of the way U.S. News ranks MBA programs by using GMAT and GRE scores, grade-point-averages and acceptance rates.
  • Career outcomes will account for 38% of the total ranking. 
  • The two metrics getting the most weight are the difference between pre-MBA and post-MBA salaries, which will be given a weight of 12%, and faculty-per-student ratios, which will account for 10% of the ranking.

Rankings are becoming more and more disputed. Academics often argue that rankings are misleading and disingenuous. THE is entering the business school market 31 years after Businessweek published its first MBA ranking and 20 years after the debut of the global MBA ranking from The Financial Times. The proliferation of rankings, fueled by consumer interest in them, has largely diminished the influence any one ranking has on the market.

Under resources, meant to measure the resources available to the school to ensure quality teaching and support, there are five measures with four of them taken from the self-reported data by schools and one data point informed by alumni surveys:

Faculty per student (10%)
Publication per faculty (4%)
Faculty with Ph.D./terminal degree (5%)
Career support staff per student (3%)
Career support effectiveness (3%)

Alumni surveys will account for the five metrics THE and WSJ will use to attempt to measure what it calls “the school’s teaching quality and the student’s learning experience:

Recommend (5%)
Collaborate (5%)
Engagement (5%)
Real world (5%)
Research (5%)

This section will include a series of questions on the alumni survey, including “If a friend or a family member were considering going to business school, based on your experience, how likely or unlikely are you to recommend your school to them?”

To get at the degree of collaboration at a school, alumni are being asked, “To what extent did you have the opportunity to interact with the faculty and teachers at your school as part of your learning experience?”

To measure the real world implications of the program, alumni are asked to respond to these questions: 
1. “To what extent did the teaching at your school support applying your learning to the real world?;” 2. “To what extent did your teachers present and discuss recent real-world cases?” 
3. “To what extent did you have opportunities to meet and work with professionals with current real-world knowledge (outside your teachers/lecturers)?”

And when it came to research, alumni are asked the following question: “To what extent did your teachers present and discuss current research?”

The outcome category, meantime, will take into account six separate metrics. Besides differences in pre-and-post salaries, which does not appear to account for sign-on bonuses or other guaranteed compensation, the survey attempts to measure:

Salary difference (12%)
Opportunities (5%)
Worth (5%)
Entrepreneurship (5%)
Social good (5%)
Network (6%)

The ranking will judge opportunities based on alumni responses to what they perceive to be the school’s impact on their careers. It will measure “worth” on alum’s perceived worth of their degree, and it will judge the school’s entrepreneurship efforts on alumni opinion of their school’s teaching skills relevant to starting a business.

One of more intriguing efforts in the ranking concerns its attempt to measure social good. Ultimately, the ranking will do this by asking alumni how many hours of volunteer work they did in the past year. “This measures the degree to which a business school is inculcating the ethos of social good in its graduates,” according to the presentation.

And, finally, to measure the effectiveness of a school’s alumni network, alumni are being asked the following: 
1. “To what extent have you helped other alumni secure paid positions?” 
2. “To what extent have you helped other alumni in matters beyond securing a new position?” 
3. “How useful was your school’s alumni network in helping you secure a position?” 
4. “To what extent, beyond helping to secure a new job, have you used your school’s alumni network since finishing your degree?”

The least weighted section of the ranking will cover a category dubbed “environment,” meant to measure “the social and human environment the students find themselves in and how well the school will prepare them for the global market.” The section will include five different metrics, all provided by the schools, little of which has anything to do with the actual quality of a program.

Economic diversity (2) based on first-generation students
Faculty gender diversity (2%)
Students gender diversity (2%)
International staff (2%)
International students (2%)

Wednesday, March 14, 2018

フィナンシャル・タイムズ:MBAs lose favour among business students, survey finds

Prospective business school students are increasingly shunning MBAs in favor of specialist masters degrees that they see as offering a faster and cheaper route to well-paid jobs, according to research.

Two-thirds of those considering a business school place said they would choose a specialist masters degree over an MBA course, the survey by Carrington Crisp, a London-based education marketing group, found.

This was up from 48%in an identical survey conducted by Carrington Crisp last year. The research involved about 1,000 prospective business school students, most of whom were based in the UK.

The growing interest in specialist business masters degrees is partly driven by greater competition for jobs due to record numbers of people attending UK universities. Specialist masters courses can be taken straight after completing an undergraduate degree, unlike MBAs, where work experience is expected on most programmes.

Specialist masters degrees also tend to cost students considerably less in tuition fees than the six-figure sums the most highly regarded MBA programmes now involve. This partly reflects how specialist masters courses often last one year, whereas MBAs usually run for two.

UK employers prefer people with specialist business masters degrees because they are more skilled than those with only undergraduate qualifications, but do not demand the high salaries that MBA students expect. Carrington Crisp’s findings add weight to an argument by some business school deans that higher education institutions should close their MBA programmes.

The University of Iowa’s Tippie College of Business announced in August last year that it would be phasing out its two-year course, just months after it had been ranked 84th out of 100 on the Financial Times’ global MBA list.

Other institutions, such as King’s College London, have opted against launching MBA courses in the first place, citing skepticism among employers about the value of the qualification by comparison with specialist business masters degrees.

Just 31% 1,056 prospective business school students taking part in the Carrington Crisp survey said they would probably complete an MBA at some point — a figure unchanged from last year’s research. However, the percentage claiming that a specialist masters qualification would be just as valuable as an MBA increased from about a third last year to almost a half in the latest survey.

The Most Affordable Highly Ranked Online MBA Programs

The Most Affordable Highly Ranked Online MBA Programs

Mississippi State tops the list with a tuition of $13,680. Closing out the list is the #1 ranked online MBA program from the Carnegie Mellon Tepper School of Business, with a tuition of $128,000.

An expensive price tag is not always the best program for everyone, and at the same time, an inexpensive program does not necessarily indicate a poor-quality program. Online MBAs can offer a wide range of options for different kinds of students." 

The 10 most affordable top-ranked online MBA programs are:

Mississippi State
Ball State (Miller)
North Dakota
Arkansas State-Jonesboro
Wisconsin MBA Consortium
Kennesaw State (Coles)
Georgia Southern
University of Mississippi

Thursday, March 8, 2018

The Economist: Best MBA Programs for Culture and Classmates

Advantages of Euro MBAs

Here are three reasons to consider applying to European programs:

  1. Most European MBA programs run for 12-18 months: The condensed European format means that you spend less time out of the workforce. This can be advantageous financially, both because there is a diminished opportunity cost, and also because the European programs are often less expensive in an absolute sense.
  2. If you want a truly international career: While both domestic and European programs draw students from all over the world, the top European programs have an eclectic, diversified student body. At Tuck, for instance, around 33% of the class is international, while at London Business School the average is 89%.) Students in European programs benefit from learning and building relationships in a global community. Schools like London Business School, INSEAD, HEC and IESE also have global brand recognition, which can help graduates find employment both domestically and abroad after graduation.
  3. If your GMAT or GRE is somewhat low: The average GMAT at Harvard Business School is 730, while the average GMAT at both London Business School and INSEAD is 708. While these are still impressive numbers, European programs tend to place less emphasis on test scores, and have historically accepted strong American candidates with test scores that don’t reflect their potential. Nevertheless, the caliber of student and of instruction is exceptionally high at the best European programs, and graduates receive an education that is comparable to the top American programs.

Wednesday, March 7, 2018

イェール大学経営大学院 Dean 退学

Yale SOM Dean Edward ‘Ted’ Snyder announced that he would step down in June of next year nd join the faculty after serving a total of 18 years as dean of three of the world’s most prestigious business schools.

Before becoming dean of Yale in July 2011, Snyder had been dean of the University of Chicago’s Booth School of Business for nine years from 2001 to 2011. He came to Booth after serving as dean of the University of Virginia’s Darden School of Business for three years from 1998 to 2001.

The unexpected announcement comes on top of four concurrent searches for major deanships in the U.S. 

- Northwestern University, Cornell University, UC-Berkeley and UCLA are all searching for new leaders for their prestigious business schools. 

Anjani Jain, a former Wharton professor and administrator who is currently acting dean, and David Bach, a former IE Business School professor and administrator, who is deputy dean are two leading candidates to succeed Snyder. 

Major Accomplishments At Yale SOM
  1. Substantially boosted influence, visibility, and recognition of school reflected in improved rankings
  2. Conceived and built the Global Network for Advanced Management (GNAM), a network of 31 top business schools on six continents
  3. Conceived and introduced a one-year, post-MBA Master of Advanced Management degree for students from GNAM member schools
  4. Introduced a Master of Management Studies, a one-year degree program with multiple tracks of study
  5. Introduced a Global Studies Requirement and Global Studies Accounts for all MBA and MAM students, along with a new leadership curriculum
  6. Built out SOM’s entrepreneurship program, appointing inaugural director of Entrepreneurship Programs
  7. Led a substantial increase in scholarship support for students
  8. Launched school-wide initiatives on Asset Management, Healthcare, and Sustainability
  9. Increased levels of alumni involvement, with the highest percentage of annual giving by alumni of any Yale academic unit
  10. Six consecutive years of operating surpluses (FY2012-FY2017)
Synder also reeled in the largest gift to any business school ever–$300 million—nearly doubling the school’s endowed professorships, tripling scholarship assistance, and increasing the school’s endowment from $197 million to $475 million, not including the impact of David Booth’s gift. Under him, Chicago Booth moved from 10th in the Businessweek rankings to 1st and held onto its No. 1 status for eight years. The Economist also ranked Booth at the top of its list twice during his tenure. No less impressive, Booth ranked in the top 10 in 74 of 78 rankings during his deanship.

Tuesday, March 6, 2018

フィナンシャル・タイムズ (FT) Top MBAs for Women

For the first time, the FT has ranked MBA programmes based on the outcomes of their female graduates.

This ranking has 
  • 11 different criteria and alumni responses inform eight of these, contributing to 70% of the full weight. 
  • 30% of the ranking is based on data reported by the schools.
  • Pay discrepancy is published as the average female salary as a proportion of average male salary, where 100% means equal pay. But the full score also takes into account salary increase to capture whether the gender pay gap widened or narrowed after the MBA.
  • The gap varies by school, but the average gender pay gap for graduates of the best MBAs for women is 88%. 

Gender diversity scores are calculated slightly differently than for the Global MBA ranking as a maximum score is not awarded for schools with a 50/50 distribution of men and women. This is to take into account that some schools are better at attracting female students, faculty and board members.

To be eligible for this ranking schools had to have a minimum number of female respondents, and 58 schools that participated in the global MBA ranking made the cut. Several programmes that ranked highly in the Global MBA ranking do not appear on the Top MBA for women ranking, because not enough of their female graduates responded to the FT survey.

To read more about the data collection process and the other criteria, read the methodology for the Global MBA ranking here.

Key for the table:
  • Weights for ranking criteria are shown in brackets as a percentage of the overall ranking.
  • Global MBA rank: the place at which the school ranked in the 2018 Global MBA ranking. This figure is not used in the ranking.
  • Salary today (15): average female alumnus salary three years after graduation, US$ PPP equivalent, with adjustment for variations between sectors.
  • Salary increase (15): average difference in female alumni salary from before the MBA to now. Half of this figure is calculated according to the absolute salary increase and half according to the percentage increase relative to pre-MBA salary.
  • Gender pay gap (15): average female salary as a proportion of average male salary. Half of this score is calculated using salary today and half using salary increase relative to pre-MBA salary. A higher average female salary does not result in a higher score.
  • Female students (15): percentage of female students on the full-time MBA.
  • Female faculty (10): percentage of female faculty.
  • Women on board (5): percentage of female members on the school’s advisory board.
  • International mobility (6): based on female alumni citizenship and the countries where they worked before their MBA, on graduation and three years after.
  • Value for money (5): calculated using salary today, course length, fees and other costs, including lost income incurred by female graduates during the MBA.
  • Career progress (5): calculated according to changes in the level of seniority and the size of company female alumni work in now, compared with before their MBA.
  • Aims achieved (5): the extent to which female alumni fulfilled their stated goals or reasons for doing an MBA.
  • Careers service (4): effectiveness of the school careers service in terms of career counseling, personal development, networking events, internship search and recruitment, as rated by their female alumni.

MBA worsens average gender pay gap for women, FT research finds

Analysis of data from an FT ranking of the best MBA programmes for women found that they earned, on average, 9% less than men before their studies. Three years after graduation, the gap had widened to 14%.

Pressure to increase the number of women in higher education means many business schools have upped their efforts to attract female students.

At the same time, there is a growing awareness of the gender pay gap. In the UK, new laws mean employers with more than 250 staff must this year for the first time report the gap.

The FT ranking also highlights gender pay differences for MBAs in different parts of the world. Women at business schools in China have a lower average salary gap after graduation, while in the UK, it widens from 9 to 26%.

More information can be found at the FT 

Sunday, March 4, 2018

フィナンシャル・タイムズ (FT) Top Online MBA programs

ウォーリックビジネススクール #1 FT Online MBA Program

After four years in second place, Warwick Business School topped the 2018 FT ranking of the best online MBA programmes for the first time. 

Spain’s IE Business School, which had dominated this ranking since the inaugural edition in 2014, falls one place to second and Isenberg School of Management in Massachusetts remains in third place.

The 20 ranked MBAs are assessed primarily on the career progress of alumni and also by the diversity of the cohort and the quality of online delivery. The main criteria for career progress are alumni salary three years after graduation and their salary increase compared with pre-MBA levels.

The average salary of alumni from FT-ranked online MBAs generally matches that of their counterparts from the FT’s top 100 full-time MBAs. 

The online class of 2014 receive an average salary of $147,000, slightly higher than the $146,000 for full-time students. The classes of 2013 had salaries of $140,000 and $142,000 respectively.

However, there is a contrast between the salary increases seen by alumni of the different degrees. Online graduates had an average salary rise of about 32 percent, significantly below the 107 percent enjoyed by the campus alumni. They have reached similar salaries but at different stages of their careers. The online MBA graduates are now about 40 years old on average — six years older than their full-time equivalents — and their salary was about 60 per cent higher at enrolment for their course.

Alumni from Warwick had the biggest year-on-year salary increase, up $13,000 compared with the previous cohort, to $183,000. This is the second highest salary, just below that of IE’s alumni at $184,000, which is down $7,000 on last year.

Warwick is ranked top for career progress and joint number one with Indiana’s Kelley School of Business for research. It is also third in the aims achieved category, fourth for value for money and fifth for its careers service.

The UK school has the largest enrolment in the ranking, with nearly 1,300 students. It also has 850 overseas students, by far the largest number, from 106 different countries.

While online MBAs were predicted to attract large numbers of foreign students, most schools enrol a low proportion. In the 2018 ranking, half of the 14 US-based MBAs are delivered entirely online, yet between them have 4 per cent of international students.

All four European schools include face-to-face elements in their courses but more than 50 per cent of students are from overseas. For the class of 2014 — the most recent data available — 70 per cent of foreign students at European schools were from outside the EU.

Key to the FT Online MBA Rankings 2018
(Weighting % in brackets)
  1. Salary today US$ (20): average alumnus salary three years after graduation, $ PPP equivalent (See methodology). 
  2. Salary increase (10): percentage increase in alumnus salary in the current job versus three years ago on graduation.
  3. Value for money (3): calculated according to alumni’s salary, fees and other costs. †
  4. Career progress (4): progression in the alumni’s level of seniority and the size of company they now work for, versus three years ago on graduation. †
  5. Aims achieved (4): the extent to which alumni fulfilled their goals for taking an online MBA. †
  6. Careers service (4): effectiveness of the school careers service in terms of career counselling, personal development, networking events and recruitment, as rated by their alumni. †
  7. Programme delivery (5): how alumni rate the online delivery of live teaching sessions, other teaching materials and online exams. †
  8. Online interaction (10): how alumni rate the interaction between students, teamwork and the availability of faculty. †
  9. Female faculty (2): percentage of female members of faculty.
  10. Female students (2): percentage of female students on the MBA programme.
  11. Women on board (1): percentage of female members of the school advisory board.
  12. International faculty (4): percentage of faculty whose citizenship differs from their country of employment.
  13. International students (4): percentage of current students whose citizenship differs from the country the school is located in.
  14. International board (2): percentage of the board whose citizenship differs from the country in which the business school is situated.
  15. International mobility (5): based on alumni citizenship and the countries where they worked before their MBA, on graduation and three years after. †
  16. Faculty with doctorates (5): percentage of full-time faculty with a doctoral degree.
  17. PhD graduates (5): number of doctoral graduates from each business school during the past three years. The figure in brackets is the number of these who took up faculty positions at a top 50 full-time MBA school.
  18. FT research rank (1: calculated according to the number of articles published by a school’s current full-time faculty members in 50 academic and practitioner journals between January 2015 and December 2017. The rank combines the absolute number of publications with the number weighted relative to the faculty’s size.
  19. For the three gender-related criteria, schools that have 50:50 (male: female) composition receive the highest score.

For more information see the Financial Times

Thursday, March 1, 2018

Highest & Lowest GMAT Scores At The Top 25 Schools

According to GMAC, the Graduate Management Admission Council, which administers hundreds of thousands of GMAT tests every year, over the last three years the mean score on the test was 556.04. In 767,833 tests taken between 2015 and 2017, no one scored lower than 220.

If you get a low GMAT score, it will make your application harder.
  • However 11 of the top 25 schools admitted someone with a GMAT score in the 500s, including four of the top 10 schools. 
  • At four schools in the top 25, the lowest GMAT score that earned admission was lower than GMAC’s three-year average of 556.
  • Of the 20 schools full range of GMAT scores for enrollees in the Class of 2019 (the other five schools provided only the middle 80% range), 13 had low-end scores of 600 or less. That includes the elite of the elite: the Wharton School at the University of Pennsylvania (530), Harvard Business School (580), Northwestern University Kellogg School of Management (600), MIT Sloan School of Management (580), and Columbia Business School (530). The average low score for the 20 schools: 586.5. The average low for the top 10 (all of which provided full-range data): 595.
  • 510 was the lowest GMAT score that worked at a top-25 institution; for Duke University’s Fuqua School of Business. 

As one Duke communications person put it to P&Q — in a sentiment echoed by admissions directors at multiple schools — “our admissions team has long had a commitment to looking at a candidate holistically, beyond a test score alone.” Russ Morgan, senior associate dean for full-time programs at Duke Fuqua, explains that the school approaches test scores as just one element in a person’s overall candidacy. Another, he says, is the school’s “25 Random Things” essay question that asks applicants to share a list of personal facts.

  • In the fall 2017 intake, three schools in the top 25 admitted applicants with low scores of 530 — the Wharton School, Columbia, and Indiana University Kelley School of Business. 
  • Another six schools said yes to applicants with scores of 580 (HBS, MIT Sloan, NYU Stern School of Business) or 590 (Cornell University Johnson Graduate School of Management, University of Texas-Austin McCombs School of Business, Georgetown University McDonough School of Business). 

  • The high scores in each school’s range continue to be 780-790 for all of the top 10 schools and 16 of the 20 that provided data
  • Average GMAT scores continue to climb, led by Stanford Graduate School of Business’ at  737. 
  • The top 19 schools saw improvement in their scores year-over-year or no change between 2016 and 2017; you have to go all the way down to Emory University’s Goizueta Business School at No. 20 to find a backslide, in this case a 1-point drop from 683 to 682. 
  • Only one other school had a decrease in mean GMAT scores: No. 24 Notre Dame University’s Mendoza College of Business, which saw a 9-point decline to 674 from 683. Six schools, including pace-setter Stanford, saw no change; the average increase at the 17 others was 4.88 points (heavily weighed by a 21-point jump to 711 at Rice Jones).