Find out about your future salary, trends among GMAT scores, and more in recent MBA news.
From MBA students in India and China vanquishing their American counterparts on their GMAT scores to big data getting big attention from students and recruiters … and Harvard Business School plowing through its fundraising goal, there’s a lot going on in MBA news. Let’s dig into the headlines!
Are GMAT scores a world apart?
The high GMAT scores pouring in from test-takers in India and China are having some unforeseen consequences. It’s gotten to the point that some business schools are even separating out applicants based on the region of the world they come from so as not to discriminate. One admissions consultant says that American applicants are “banging their heads against the wall” over their comparative GMAT scores. (The Wall Street Journal)
One conservative publication says business schools now “segregate” students based on their GMAT scores— pretty strong language. (The Daily Caller)
Harvard Business School climbs to the top … in fundraising
According to The Harvard Crimson, Harvard Business School has raised over $700 million (!) toward its billion-dollar goal for fundraising through the end of the second quarter. At this breakneck speed, HBA may achieve its goal by April. Fundraising figures for the third quarter have not yet been released. (Poets & Quants)
Big data meets big business
Both business school students and recruiters cannot get enough of big data. It’s all the rage. Interest in specialized, one-year programs in business analytics—which can be described as using data to examine and piece together business problems—has recently jumped, prompting some MBA programs to launch stand-alone programs.
One business school dean said that interest in their year-old master’s program in business analytics has spread “like wildfire.” (The Wall Street Journal)
Can entrepreneurship be taught?
As “millennials” warm up to self-employment, some MBA programs are launching master’s of entrepreneurship programs. As one business school professor put it, “Business schools realize they need to produce students who can start businesses. That’s why we are seeing this increase in training in entrepreneurship.” (BusinessBecause)
How much are recent MBAs making?
Now is the time of year when business schools begin to release employment reports for their most recently graduated MBA classes. Graduates’ salaries and job offers are among the most heavily scrutinized bits of data that business schoola can share. These specific stats can mean the most to applicants, who, after all, are looking at the long term. (Poets & Quants)
Going global with your MBA education
Studying abroad can be highly beneficial to business school students, especially as business itself becomes more global and interdependent. Here are some things to consider before crossing a border or ocean. (U.S. News & World Report)
Mini-MBAs for middle management?
Mini-MBAs, earned at MBA boot camps, are aimed primarily at those in middle management. While this may seem like a new phenomenon, mini-MBAs can be traced back to the late 1940s at Montreal’s McGill University. (The Globe and Mail)
What issues in MBA news are you talking about? Share your comments with your fellow aspiring MBAs below, and sign up for a free GMAT practice test.
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