Why has NYU Stern taken such a tumble in the latest MBA rankings?
From one business school’s blunder in the latest MBA rankings to recruitment efforts targeting international students—read trending stories for future business leaders.
MBA rankings tumble
How U.S. News & World Report arrives at its MBA rankings is a relatively straightforward process. It includes a variety of data points, including GMAT scores of accepted students and job placement data. Sending in faulty data will get you in trouble. But not sending in data can affect your standing too. That’s what happened to New York University’s Stern School of Business, widely regarded as one of the world’s’ best MBA programs. It slipped from 11 last year to 20 this year because it failed to submit certain information on time. The MBA rankings maker acknowledges it received the data, but refuses to recalculate its ranking. (U.S. News & World Report)
Career versatility
If there’s any graduate-level degree that deserves to be called “versatile,” it’s an MBA. The opportunities are limitless. The skills you learn—from leadership, to creativity, to entrepreneurship, to technology—can help you succeed in a variety of roles in a wide range of industries. While consulting and finance continue to be the biggest draws, aspiring MBAs and graduates might consider such other career paths as the following: human resources, logistician, medical/health services manager, and fundraiser. While for some of these professions an MBA is not required, it can certainly give you an advantage over the competition and a nice salary bump too. (U.S. News & World Report)
Investment banking
Speaking of jobs and hiring, if you are an aspiring MBA who wants to work at investment banking giant Morgan Stanley, you’re in luck. They plan to hire more business school graduates, which is a reversal from the trend of large banks hiring less experienced employees who “only” have a business degree. Less experience can mean less pay, but that can be a costly trade-off for companies that want to stay successful. “With the rebounding of the overall economy and a strong IPO market, firms are hiring again in greater numbers,” said an official at Columbia Business School. (BusinessBecause)
Hiring hypocrisy?
In past years, Silicon Valley has made something of a sport out of mocking those with an MBA. Increasingly, however, they want and need them. The tech and business education world have a complicated relationship, but a detente seems to be occurring. Consider this: More than a third of the companies listed in S&P 500’s Information Technology Sector Index are headed by business school graduates. Almost a quarter of the 157 “unicorn” startups (Worth $1 billion or more) were created by MBAs. Additionally, business school grads are now flocking toward tech industry giants like Google and Facebook. It’s a whole new world. (Poets & Quants)
Wooing international students
Despite MBA hiring being on a tear the last couple of years, enrollment in U.S. business schools is actually on the decline. In fact, the number of American citizens who took the GMAT plummeted by a third since 2000. So how are business schools keeping their seats filled without lowering their standards? By heavily recruiting students from outside the United States, including China and India. This may explain why application volumes have increased while schools remain selective. Many people speculate that the decrease in American students is because of new interest in specialized master’s programs. (Bloomberg Businessweek)
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The post Stern Drops in MBA Rankings Over Insufficient Data appeared first on Business School Insider.
