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The gender gap at business schools goes all the way up.
From a fascinating survey exploring the “why” of business school, to one dean’s MBA rankings advice, to closing the administrative gender gap, let’s dig into the latest headlines in MBA news and business school admissions. Leave your comments below…please.
Why business school?
The makers of the GMAT, the Graduate Management Admission Council, just published the results of a really interesting survey of nearly 12,000 prospective MBA students worldwide, shedding some light on the raison d’être of business school. A couple of MBA news nuggets from the survey: Almost 30% said they wanted to start their own businesses, up from about 20% in 2010. Slightly more than half (52%) polled said they wanted to go to a business school outside their nation of citizenship, a huge increase from 2010, when just 40% answered this way. Americans were the most averse to this path, with only 5% saying they wanted to attend business school outside the United States. That’s likely because so many of the world’s top business schools are located in the United States and most plan to work here after graduation. (Bloomberg BusinessWeek)
Do MBA rankings matter?
Columbia Business School Dean Glenn Hubbard (who also served as President George W. Bush’s chairman of the Council of Economic Advisers) recently penned an op-ed exploring the importance of business school rankings. In short, he says yes, MBA rankings do matter, but prospective students would do well to look under the hood as well—do your research. (Fortune)
Paying for it
Concerned about funding your MBA? With some business schools costing students more than $150,000 by graduation (including tuition, living expenses, networking, etc), you probably should be. Top programs are hiking their tuition, so it’s no wonder so many students increasingly need to consider financial aid packages before deciding where to attend. Online grad school guide GraduatePrograms.com recently surveyed over 10,000 current and former business school students about their educational experiences. The survey’s aim was to find which schools offer the best financial aid—business schools where students are most satisfied. At the top of the list: Baylor Hankamer School of Business. (Business Insider)
Administrative gender gap
In recent years there’s been a concerted effort by many business schools to close the troubling gender gap among their MBA students. It turns out that the gender gap extends to the administration as well. Among the top 60 MBA programs in the United States, only ten are led by women. One such woman is Alison Blake-Davis, dean of the Michigan Ross School of Business. In this interview she explains the origins of the disparity and how it may change. (Bloomberg BusinessWeek)
The $100 million man
Amid some serious financial challenges, the University of San Diego’s business school is making MBA news with a $100 million dollar lifeline…and it’s all coming from ONE person. Philanthropist Ernest Rady just donated that amount to the Rady School of Management (yes, it was named after his family), marking the unofficial kickoff of the MBA program’s race to raise about $2 billion in private donations. Mr. Rady helped create the program 10 years ago to cultivate entrepreneurs and business leaders. Through the donation, the school plans to double its number of faculty members. (The U-T San Diego)
What are you talking about in MBA news? Share your comments with your fellow aspiring business students below. Kick off your good life by signing up for a free GMAT practice test.
The post MBA News: Weighing MBA rankings, Gender Gap appeared first on Kaplan GMAT Blog.
