Are American Business Schools Best in the World?
A new Kaplan survey finds American business schools believe themselves superior to European ones, women are trying to break into male-dominated fields, and one top-MBA program boasts a perfect job placement rate. Here’s the latest in our roundup of business school news.
American business schools against the world
Business school admissions officers in the United States remain highly confident in their ability to better prepare students for business management roles than their European counterparts. Of the nearly 125 domestic programs that Kaplan spoke to in its annual admissions officers survey, 97% think American business schools better prepare their students for the business world than European programs.
This news didn’t exactly go over well across the pond. “U.S. business schools are often quite local in the needs they meet, which is fine, but there are other markets that need to be served—what is the basis for their thinking they can serve them better? It’s unclear to me why many of them would think they produce graduates suitable for international markets, when they may not truly have an international scope,” said Itziar de Ros Raventós, the director of MBA admissions at IESE Business School in Spain.
“With the job market expanding and salaries rising, an MBA at a top-ranked business school with a strong global reputation remains a sound investment, regardless of location,“ said Brian Carlidge, Kaplan Test Prep’s executive director of pre-graduate and pre-business programs. Read Kaplan’s full survey to get more insight. (Poets & Quants)
Perfect job placement score
As a future business leader of America, you are undoubtedly very outcomes-focused—a quality you should apply to your MBA admissions journey. One metric that factors big in almost any MBA rankings list is job placement rate: How many of the program’s students land jobs within a few months of graduating? Most business schools boast impressive placement rates, topping 90 percent or higher. But Temple University’s Fox School of Business can brag about 100 percent of its graduates finding employment just three months after earning their diplomas.
How do they do it? “A lot of our work goes back to helping [students] figure out the environments in which they are going to thrive. And a lot of that has to do with looking at their past and integrating their past experience with this new degree,” says Janis Moore Campbell, director of graduate professional development, at the Philadelphia-based school. (BusinessBecause)
The MBA gender gap
Women have made tremendous strides in higher education over the past few decades. Consider this: There are now more women than men enrolled in college and law school. And the number of women is nearly equal with the number of men enrolled in medical school. Notice any glaring omissions? Among MBA programs, men still far outnumber women. At some programs, that percentage is 40 percent; at others, it’s well below.
Anne Massey, the new dean at the University of Wisconsin School of Business, is particularly interested in encouraging more women to enter traditionally male dominated industries like tech, science, engineering, and math. It’s an issue she about which she speaks from personal experience: “I’m proud of the fact that we can get young women to do these things… I still have the fondest memory of a female math professor at RPI who made me realize that [women] can do whatever we want.” (The Badger Herald)
Timing your next step
Timing is (almost) everything, especially in the business school admissions process. One of the most common questions aspiring MBAs have is, “Is now a good time for me to apply?” Look for several signs, including this one:
“If you’ve been at your place of employment or in your industry for a few years, but every move has been lateral, this may be your time. If you find yourself stagnating in your present role or that you’ve plateaued in your job and there’s no room for upward mobility, an MBA can help you navigate and leverage your next career step,” says one expert.
Remember, when and where are the two questions aspiring MBAs should be asking themselves—and others—to gain insights. (U.S. News & World Report)
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