New MBA rankings, opportunities for women MBAs, and a record-breaking salary for one Sloan graduate—all in the latest business school news.
From Duke and Yale University’s new spots in MBA rankings and which MBA programs have produced the most billionaires, to programs geared toward women MBAs, lucrative compensation packages, and—everybody’s favorite—infographics, let’s dig into the latest in business school news.
Who’s rising in MBA rankings?
While Duke University’s Fuqua School of Business is basking in the glow of capturing top billing in last week’s new Bloomberg BusinessWeek MBA rankings, the biggest winners on the 2014 list are the near-dozen other MBA programs who made big strides.
The most noteworthy improvement belongs to Yale University’s School of Management, which jumped 15 spots to sixth place—its highest spot ever in any of the major (and many) rankings. (Poets & Quants)
Want to be a billionaire?
You’re in good company among the MBA crowd. Check out this list of MBA programs that have produced the most billionaires. None of the contenders will really surprise you, but get this: Harvard has nearly three times the billionaire alumni as its closest competitor, Stanford. (CNN.com)
Industry trends—in infographics
We love infographics! Check out these, which offer you a glimpse behind the scenes of your MBA. From earnings and gender gaps to loans and returns on investment, these illustrations lay out the facts. (Bloomberg BusinessWeek)
Forte Foundation “launches” women into business school
Let’s face it. Enrollment among women at top MBA programs is comparatively low. Even at top business schools, women MBAs constitute 40% or less of the students enrolled. Business schools know that, which is why there are new efforts to recruit future women MBAs.
This year, Canada’s largest city, Toronto, was added to the list of cities eligible for MBALaunch, an initiative of the Texas-based Forté Foundation that partners with top MBA programs and businesses. The purpose of MBALaunch is to encourage potential women MBAs to pursue their careers in business. (The Globe and Mail)
Millennials choose sanity over salary
According to a new study by business school INSEAD, “millennial” MBAs (those born between the early 1980s and late 1990s) value their work-life balance and personal development more than salary and status. Millennials are more inclined to place their efforts into steering their own careers. (BusinessBecause)
Digital innovation or bust
The digital revolution continues to make huge advances (read: take over the world) … but are business schools being left behind when they refuse to innovate? Unless MBA programs adapt, there could be times ahead, says an assistant dean at Wharton. (The Financial Times)
Record ROI for one Sloan MBA
Whoa! The highest paid alumnus from the class of 2014 is an MIT Sloan MBA who reported a total first-year compensation package of over $1.8 million. That’s more than 10 times the highest reported $165,000 base salary among the school’s graduates in 2013. Talk about a strong ROI! Here’s the kicker—this former Sloan student didn’t even land a job in finance. It’s the real estate industry that’s paying him the big bucks.
At the same time, a graduate from Columbia Business School has claimed a $1 million signing-bonus for securing a job with a consulting firm. Are these regular occurrences? No, but it sure suggests that good times are back again for many MBAs. (Poets & Quants)
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