Wharton’s GMAT scores top this week’s news in business education.
Hoping to unlock the good life by going to business school? Stay on top of what’s making news in business education today with these latest headlines, recaps, and studies about the MBA admissions process.
From Wharton topping Harvard in the coveted category of average GMAT score, to business school admissions officers frowning on “helicopter parenting,” here are this week’s highlights in MBA education news:
- For the first time ever, the University of Pennsylvania’s Wharton School has an average GMAT score for its new class of MBA students that beats the average GMAT score for Harvard Business School’s new class: 728 vs. 726. While Wharton’s 728 mean score only went up three points from last year, the new high is a sizable increase over its 718 score in the previous four years. Meanwhile, Stanford School of Business has yet to release its own average GMAT score, and, historically, they’ve been at the top. So stay tuned …. (Poets & Quants)
- Business education is an increasingly competitive market—not just for students hoping to gain admission, but also for schools looking to secure the best and brightest. To make sure they don’t miss out, business schools are increasingly turning to social media to find MBA applicants they think would be a good fit. India’s highest-ranked business school, the Indian School of Business, for example, has increased spending on social and digital media from 10% of the school’s total media budget three years ago to about half today. And a survey by Quacquarelli Symonds (QS) of 1,000 MBA applicants found that 40% of respondents see social media as either essential or very important. That number is even higher in Africa and Asia, where it is often impossible to visit business schools in person. (BusinessBecause)
- “Helicopter parenting” may be acceptable in the undergraduate years, but one leading business school admissions expert says that, during the MBA admissions process, it’s a big no-no. When involvement by parents becomes intrusive, it raises a serious red flag to MBA admissions officers about the candidate’s maturity and ability to succeed in the program. So, as an MBA applicant, it’s fine to seek out your parents’ wisdom and support, but you should always be taking the helm. (U.S. News & World Report)
- MBA education has a long, rich history. From the creation of the very first graduate school of business at Dartmouth College in 1900, to Northwestern University’s Kellogg School of Management’s combined JD-MBA program in the late 1990s, to the advent of technology-focused programs today, the MBA has never been a static degree. Business school is always changing to meet the needs of the marketplace. (The Chicago Tribune)
- Education has been through enormous changes in the past decade. Who would have imagined 10 years ago that online delivery of MBA education would become so popular? There’s more of that to come, according to one business education expert. He predicts that, in the years to come, more and more lectures, discussions, and homework will be taking place over the Internet—not inside brick-and-mortar buildings. The transition may be ugly for a while, but it could be well worth it for students in the end. (CNBC)
- Where do “super-picky,” single MBA graduates go to meet other super-picky, single MBA students? There’s an app for that, created by a recent Stanford graduate. (Fortune)
Got something to add? Sound off in the comments and tell us about the stories in business education you think are important.
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