What kind of responses will Kellogg look for with its new video question?
While one top business school just added another video question to its application essays, another appointed a new dean. Catch all the trending stories for future business leaders.
Kellogg adds third video question
Northwestern University’s Kellogg School of Management joins a growing list of top business schools that have seen an increase in their applications this past cycle. They are up six percent over last year. This might help explain why the school is adding a third video question to its application. This new randomly selected video question will focus on how prospective students have overcome a challenge. The school also announced that its acceptance rate for the entering class dropped slightly to 20.6%. What does Kellogg look for? According to the director of admissions, Kae Smith, “That includes leadership, intellectual ability and horsepower, comprehensive work experience, what applications would bring to the Kellogg community, their goals, the impact they have had in their careers and outside of work, and then their interpersonal skills to connect, engage, and communicate with others.” (Poets & Quants)
Business school debt
The good news about getting an MBA is that is generally has a pretty quick and lucrative ROI, especially if you attend a top-ranked school. The reality is that recruiters from top companies like to cull new hires from the most competitive programs, and they often get generous compensation. That said, you do have to think about how much debt you might incur as an MBA student, especially if you leave your job to attend business school full-time. Check out the following list to see which business school graduates might be able to pay off their debt fastest based on starting salaries after graduation. (U.S. News & World Report)
LBS appoints new dean
London Business School, one of the world’s top MBA programs, just named its ninth dean. What makes this choice so historic is that it will be the MBA program’s first non-British dean, and it comes at a time when the United Kingdom is set to withdraw from the European Union. “I am delighted to be joining London Business School, an institution with an enviable reputation as one of the world’s leading business schools,” said French-born François Ortalo-Magné, who will join LBS from his current position at Wisconsin School of Business.
Taking a different approach to funding
When the dean of Isenberg School of Management at University of Massachusetts Amherst told university officials that he wanted to drastically expand the scope and physical size of the MBA program, they had a message for him: Take a number and be ready to wait. Unwilling to wait his turn to get the financial support, Mark Fuller turned to alumni to raise the $62M he needed. “We want to make the statement that the Isenberg School is a world-class business school,” the dean commented. “It’s a real tipping point for us. We’re taking that next step as a business school to move up into that elite set.” It’s a misconception that public business schools can only get the money they need from the state, experts say. Private donations can be key to growth, as well. (The Boston Globe)
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