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Hoping to unlock the good life by going to business school? Best to stay on top of the current MBA news. Check out some of the latest headlines, recaps, and studies about the MBA admissions process from media outlets across the country.
From Wharton topping Harvard in the coveted category of average GMAT score, to business schools frowning on “helicopter parenting”, there is a lot to review. Here are some highlights in recent MBA news:
For the first time ever, the University of Pennsylvania’s Wharton School’s average GMAT score for its new class of MBA students beats the average GMAT score for Harvard Business School’s new class: 728 v 726. While Wharton’s 728 mean score only went up 3 points over last year, the new high is a sizable increase over its 718 score in the previous four years. Impressive as it may be, Stanford’s business school has yet to release its own average GMAT score — historically they’ve been at the top. Stay tuned… (Poets & Quants)
MBA education is an increasingly competitive market – not just for students hoping to gain admissions, but also for schools looking to secure the best and brightest. To make sure they don’t miss out, business schools are increasingly turning to social media to find applicants who they think would be a good fit for them. India’s highest ranked business school, the Indian School of Business, for example, has increased spending on social and digital media from 10% of the school’s total media budget three years ago to about half today. And a survey by QS of 1,000 MBA applicants found that 40% of respondents see social media as either essential or very important. That number is even higher in Africa and Asia, where it is often impossible to visit business schools in person. (BusinessBecause)
“Helicopter parenting” may be acceptable in the undergraduate years, but one leading business school admissions expert says that during the business school admissions process, it’s a big no-no. When involvement by parents becomes intrusive, it raises a serious red flag to admissions officers about the candidate’s maturity and ability to succeed in the program. Yes, it’s okay to seek out their wisdom and support, but you as the applicant should be leading the way. (U.S. News & World Report)
The MBA has a long, rich history. From the very first graduate school of business’ creation at Dartmouth College in 1900, to Northwestern University’s Kellogg School of Management offering a combined J.D.-MBA program in the late 1990s, to the advent of technology-focused programs today, the MBA has never been a static degree. It’s always changing to meet the needs of the marketplace of ideas. (The Chicago Tribune)
Education has been through enormous change in the past decade. Who would have imagined 10 years ago that online delivery of MBA education would become so popular? There’s more of that to come, according to one business education expert. He predicts that most faculty lectures, discussions and homework assignments will be taking place over the Internet, not inside a brick and mortar building. The disruption may be ugly for a while, but it could be well worth it for students. (CNBC)
Where do super picky, single MBA graduates go to meet other super picky singles? Yes, there’s an app for that, created by a recent Stanford graduate. (Fortune)
Please sound off on these stories in the comment and tell us about the stories in MBA education that YOU think are important.
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The post MBA News: Top Headlines and Recaps This Week appeared first on Kaplan GMAT Blog.
