The New Year heralds a new MBA round up! Let's see what's been going on in the world of college and MBA admissions so far in 2010:
- The Wall Street Journal discusses Cambridge University's potential decision to issue bonds in an effort to raise more than $320 million for property and infrastructure projects. The projects include new developments in the university and around the school's home city. In exploring this option, Cambridge is following the example of its American Ivy League cousins, including Harvard, Princeton, Yale, and Stanford.
- 30,633 Indians took the GMAT exam this past year, up 128% in the last five years. Indians make up a large portion of the 51% of non-US GMAT test takers. One reason for such an increase, according to DNA India, is that the GMAT has become highly internationalized—these Indian applicants are not just applying to US b-schools, but to the Indian School of Business (ISB) and IIM's PGPX program as well.
- The Chronicle documents two conclusions drawn by economists at the conference on this subject: First, the increase of female professors in the sciences does not influence the recent influx of female students. And second, female students are more likely to do what it takes to apply, enroll, and attend college than are men because of their stronger non-cognitive skills, including self-discipline and focus.
- "Are American college students affected by labor market trends?" asks another Chronicle article this week. A recent study shows that while computer science graduates are highly responsive to job needs in the US, other graduates (like doctors and dentists) are not greatly affected by market shifts. According to the study, there's a four to seven year lag between the growth of demand and degree completion.
- A Chinese investor pledged $8,888,888 to Yale University towards a new b-school campus and international scholarships, reports BusinessWeek. The donor, a 2002 Yale School of Management graduate chose the amount because the Chinese consider the number eight to be lucky.
- According to a recent Financial Times article, the recession "villain," US ratings agency Standard & Poor's, is now working with NYU Stern to acquire credit analyst certification for its staff. By focusing on executive education and boosting its staff’s financial literacy, S&P hopes to restore confidence and its tarnished reputation.
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