There are worse things than getting waitlisted at HBS.
From Round Two applicants waitlisted at HBS, to a name-changing donation, to Canadian business schools looking to innovate, let’s dig into the latest MBA news headlines on the admissions landscape. Please leave your comments below…we know you have something to say.
What’s in a business school name?
The trend of business schools naming their programs after generous donors who give them large sums of money continues. The latest is Boston University, which is renaming its MBA program the Questrom School of Business thanks to a $50M gift from Allen Questrom, a former department store and retailer CEO, and his wife Kelli. This is the largest donation in Boston University’s more than 145-year history. The school says it will use the funding to create new faculty positions and design a new facility for the school. (Boston Magazine)
The HBS waitlisted 100
Harvard Business School announced earlier this month that it has waitlisted about 100 candidates for admission to the Class of 2017. Most of these 100 candidates are from HBS’s round two application cycle, with a few from round one. Being waitlisted is the equivalent of “In case the new Miss Universe cannot fulfill her duties…” for applicants. Chances are relatively slim you will get into HBS, but it’s at least a consolation that they think you are a quality applicant. In other words, you should keep your options open and not wait for your inbox to ping. As you’ll read in the article, MBA programs often admit waitlisted applicants when they need to “balance out the diversity of a class in terms of work experience, educational backgrounds, or geography.” HBS releasing this info is actually pretty interesting, as the number of waitlisted students is generally kept by private by schools for competitive reasons. (Poets & Quants)
Canadian business schools get introspective
The 40+ business schools across Canada are taking innovative steps to ensure they remain relevant in their mission to help their graduates secure lucrative jobs in top industries. These steps will also make sure they stay in business. Rocked by the financial crisis of 2008, many Canadian business schools have seen significant drops in applications and are having to deal with fierce competition for the best students in a mature industry. While some have cut class sizes, others are looking to make up the deficit by enrolling students from abroad. At some Canadian business schools, 70% of the class is made up of non-Canadians. While that can definitely appeal to students who want an international flare, it can also change the course experience. (The Globe And Mail)
Aging population = healthcare opportunity
As populations age around the globe, MBA programs are driving innovation in healthcare. There are plenty of lucrative job opportunities for students who want to tap into the “silver economy.” Consider this statistic: According to the United Nations, in 35 years, 20% of the world’s population will be over 50. (BusinessBecause)
MBA program shortlist
In deciding where to attend business schools, prospective MBA students should think about how they learn best and factor in any specific post-graduation plans. Questions to ask yourself: “What field do you want to work in?” and “What kind of community do you want to be a part of?” (U.S. News & World Report)
What are you talking about in MBA news? Share your comments with your fellow aspiring business students below. Kick off your good life by signing up for a free GMAT practice test.
The post MBA News: Waitlisted at HBS, Canadian Business Woes appeared first on Kaplan GMAT Blog.
