Fundraising among Yale SOM alumni hits a new high.
From a list of priorities for Ross’s new dean, to fundraising fever among Yale SOM alumni, to the business schools with the most selective admissions—catch all the trending stories for future business leaders.
Which business school is hardest to get into?
As you know, some business schools are a lot harder to get into than others. The most selective MBA programs are also the most highly ranked, which in turn leads to the highest starting salaries after graduation. The trend is clear: For the first time since the Great Recession, the majority of full-time, two-year business schools saw an increase in applications this past cycle. The good news for graduates is that hiring and salaries are also up, with some fields more in demand than others. Check out this nifty list of the business schools where the acceptance rate is the lowest. Don’t be discouraged though—the ROI is worth the effort, and with a strong application that boasts a high GMAT or GRE score, your chances of getting in are significantly elevated. (U.S. News & World Report)
Out and proud MBAs
Meet Anthony Shop, a graduate of the George Washington University School of Business who has become a recognizable name in the growing world of LGBT-owned businesses. He and his husband founded Social Driver, a digital marketing company. Social Driver has been so successful that the National Gay and Lesbian Chamber of Commerce’s named the company its 2015 supplier of the year. While being LGBT-owned is a part of its identity, it does not define the company. “We are very comfortable embracing our identity as an LGBT-owned business. It’s not the only defining factor for our company, but it’s certainly something that we’re proud of,” Shop says. (Business Because)
New dean at Ross
Scott DeRue recently became dean of the top-ranked University of Michigan Ross School of Business on July 1… and has been spending a lot of time in the air ever since. As ambassador for the MBA program, he has been crisscrossing the globe to recruit new students and fundraise through alumni—two big responsibilities of any leader at an institution of higher learning. “I’ve been in business education, and I come from the private sector,” DeRue says. “I think a lot about strategy. I think a lot about where we need to go, and how we can transform the organization to put us in a leadership position.” One of his main goals will be enriching the school’s curriculum to reflect a more tech-based economy. He wants the school to be known for its “big and bold ideas.” (Poets & Quants)
MBA fundraising bonanza
Yale has some new bragging rights this year: Not only did more than half of all alumni give back to the business school this year, but alumni fundraising also increased over last year, from $3M to $3.4M. Fundraising overall topped $5M.“I think a lot of schools raise $50 million or more in particular years but I don’t know that you see it very often with an alumni participation rate above 50%. I don’t know of any case, myself,” said Yale School of Management Dean Edward “Ted” Snyder. Most top business schools have an alumni giving rate between 20% and 25%, so this rate is especially impressive. As for where the money is going, the dean says it will be spread out among many areas, including scholarships. (Poets & Quants)
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