Business School Graduates Happier Post-MBA, Survey Finds

Could an MBA increase your happiness quotient?

Money may buy MBAs happiness, Canada’s largest bank invests in a business school startup lab, and Dartmouth Tuck sees increased enrollment of female students. Find out what’s trending on the business school landscape.

Students report post-MBA satisfaction

A new survey by TransparentMBA is throwing cold water on the old saying “money can’t buy you happiness.” According to the study, which includes responses from hundreds of recent business school graduates, 58 percent say they are happier in their job after receiving their MBA than they were at the job they had before earning their degree. The survey also found that students are significantly wealthier than they were pre-MBA—a full 44 percent richer to be exact.

One big contributing factor to the rise in compensation packages is the prevalence of sign-on bonuses, which can run in the tens of thousands of dollars. You better act quickly for those, however. “There are companies that will say, ‘OK, you’ve finished your internship and we’ll give you an offer and you have until the holidays to decide,’” says Kevin Marvinac, a student at the University of Chicago Booth School of Business. “The signing bonus will be $35,000 at first. But if they wait till November 1, it will go down to $20,000 and then $10,000 around the holidays.” (Poets and Quants)

RBC invests in business school startup lab

Advancements in the global economy have been staggering in the past decades, particularly when it comes to how technology is changing the way we do business. To keep up with these changes, business schools have had to adapt quickly to embrace and nurture new players, including artificial intelligence and machine learning startups. Among the top-ranked business schools that are on the cutting edge of this movement is the University of Toronto Rotman School of Management, home to a startup laboratory specifically geared to this kind of technology.

“We are now home to 50 AI companies,” said Rachel Harris, director of the business school’s Creative Destruction Lab. “To our knowledge, this is the greatest concentration of AI companies in any program on Earth.” Rotman’s startup incubator is being partially funded by RBC, Canada’s largest bank. “We are not only building our own capabilities, we’re also big believers in creating jobs in this space to retain the amazing talent we have in Canada,” said Gabriel Woo, vice-president of innovation at RBC. (BusinessBecause)

More women in Tuck’s new class

Tuck School of Business at Dartmouth College has always been a little different. First, let’s start with its geography. Its rural New Hampshire location—a two hour drive from Boston—is itself an anomaly, as many top MBA programs are located in big cities or have easy access to them. But it’s just that sort of close-knit community feeling that attracts so many to its beautiful campus, where relationships run true and deep.

Dartmouth Tuck’s newest class is making waves. A record 44 percent of its new students are female, a slight increase over last year and up double digits from just three years ago. The percentage of international students and U.S. minority students slightly dipped, however, and the average GMAT score for this class is 717, the same as last year’s average. (Poets & Quants)

Legacy lawsuit

Here’s a brief update on a story we brought you earlier this year. As you may recall, Kris Jenner had endorsed a Dubai-based business called Legacy Business School. Students fork over $82,000 per year in tuition and fees—MUCH higher than your average business school based in the United States. Now the school is being sued by the same PR firm that was tasked with getting the school publicity. Lawyers for the PR firm say they are owed $57,000 in services rendered. (The New York Post)

Aiming for a higher GMAT score? Sign up for a free practice test and check your performance.

The post Business School Graduates Happier Post-MBA, Survey Finds appeared first on Business School Insider.