MBAs in finance, Big Ph Check out what’s trending at top MBA programs.
What factors should you consider when thinking about MBA cost? Which business school is boasting an amazing employment rate and exceptionally high GMAT scores? Do business students need data science skills? Here’s what’s trending at top MBA programs.
Questions about MBA cost
With the average MBA cost in the tens of thousands of dollars, and with many prospective business school students having to take leave of their jobs to study full-time, it’s no wonder why student debt is such a top of mind issue. The good news is that many business schools offer financial aid packages based on merit or financial need. Additionally, the overall job outlook and employment rate for MBAs is fantastic. Even so, you’ll want to ask target business schools some key questions about covering your MBA costs, such as, “Is this scholarship renewable?” … “How much do your graduates earn on average?” Don’t be bashful about asking these questions. They are all reasonable, and a future business leader needs to think practically about finances. (U.S. News & World Report)
Chicago Booth’s boffo employment rate
Speaking of offsetting MBA cost, graduates of the University of Chicago’s Booth School of Business—one of the finest programs in the nation—seem to have little to worry about. From a purely statistical standpoint, the figures are impressive. Chicago Booth’s newest class of students entered with a 726 on the GMAT (up 687 13 years ago) and its most recent cohort of graduates boast of a 97.4% employment rate within three months of completing their studies. According to Julie Morton, the school’s associate dean of career services and corporate relations, it’s rooted in culture. “There is a really strong culture here of paying it forward with second year support of first years and alumni support of both first and second years. I think all of those things together have bred an incredibly successful environment.” She also says the school has a “high bar.” That’s for sure. (Poets & Quants)
The demand for data science
As more and more businesses adopt a technological focus (even companies that aren’t tech companies, per se), MBAs without data science or Big Data experience are in danger of being at a disadvantage in the job market. Career officers at top MBA programs and data science experts worry that students aren’t gaining the technical acumen to compete. “In the near future we will all need to develop analytical skills in order to succeed in our job,” said Juan Jose, director of the master in business analytics at IE Business School. He added that MBAs without data science skills are “absolutely” at a disadvantage and that analytical talent is “highly demanded.” A recent survey found that 36% of executives said that they lack specialists in Big Data. Business schools are taking note and are adjusting their curricula accordingly to maintain employment rates across increasingly tech-reliant industries. Teaching relevant skills is a must. (BusinessBecause)
Yale SOM’s new digs
Top-ranked Yale School of Management has a new home—225,000 square feet of state of the art facilities, including a glass-walled library and high tech lecture halls. At their old home, some of the classrooms had their own fireplaces. While that’s quaint, it’d probably seem out of place alongside the more modern appeal of their Jetsons-looking buildings. Take a look at these photos. (The Wall Street Journal)
Business school baby
Juggling life’s responsibilities while attending business school is complicated. Meet Halla Koppel, who began her one-year MBA program at Oxford university’s Saïd Business School on September 21st and gave birth to a daughter two days later. Halla understood from the get-go the sacrifices that would come with this, but she’s at peace. “I knew that by having a baby I was giving up the potential of getting the highest grade I could get. I was aware of that from the beginning. I am quite comfortable with everything.” (The Financial Times)
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