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Networking these days is much more than MBA mixers.
What does it take to get into Indiana University’s top-ranked business school? Has social media changed the MBA networking game? How did one aspiring MBA go from homeless to Harvard? Learn the answers to these questions and more in our roundup of top business school news.
Baby boomers get top-ranked education
Harvard Business School’s eight-year old Advanced Leadership fellowship program is for experienced business professionals who want to work on solutions to vexing social and economic problems such as poverty, global health, and the environment. For the participating fellows—the majority of whom are in their fifties and sixties—the program offers them something other than retirement and also allows them to develop new skills that could help them develop “a second act” in their careers, possibly in public service. “It’s been a transformational year intellectually, personally, professionally and culturally,” says one participant who completed the program in November. (The Financial Times)
Kelley’s entering class
Meet Indiana University’s Kelley School of Business. The Bloomington-based MBA program is one of the top-ranked schools in America, and this year especially, it has a few things to boast about. The school attracted nearly 1,500 applicants this past cycle, up nearly 250 over the last year. Kelley is one of many business schools that have seen an uptick in applicants. Due to the program’s increased popularity, its acceptance rate dropped from 33% to 29%. Median GMAT score jumped from 668 to 680. Kelley’s new class features students from a diverse set of undergraduate backgrounds, ranging from business majors (28% of the class) to social science majors (11%). (Poets & Quants)
Mapping MBA programs
The business school admissions process is more than just achieving a high GMAT score—of course, that’s a big part of it. But the end goal is getting into an MBA program that fits your personal, professional, and financial needs and capabilities. Check out this map of the top MBA programs in the United States. Notice the cluster of dots located in the Northeast, which is where most of the top-ranked programs are. That said, there are some fine programs all across the country. (U.S. News & World Report)
Social media networking
As any business school student or graduate will tell you, networking is a key part of the MBA experience. It’s critical to both securing an internship and starting the job hunt. While networking was once almost exclusively mixers and cocktail parties, it’s now expanded its reach to social media—a tweet can go a long way. Consider these stats: Two-thirds of adults use social networks like Facebook, Twitter, or LinkedIn, up from 7% ten years ago. “Career network vehicles such as LinkedIn are an ideal medium for job candidates to showcase themselves,” says one HR and recruitment expert. (BusinessBecause)
From homeless to HBS
Here’s a story to bring you some holiday cheer. Philip Blackett will be graduating from Harvard Business School… but just five years ago, this would have seemed near impossible. That’s because the soon-to-be MBA was once broke and had lost his home. His inspiring journey led him to create his own business coaching young people to get into a top-ranked school or land that dream job. “Sometimes things in life can change very quickly—good or bad. And maybe I can help somebody change their life for the better,” Blackett says. (Poets & Quants)
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The post Top-Ranked MBA Education for Baby Boomers appeared first on Business School Insider.
