MBA News: B-School Rankings Arrive, MBA Program Waives Tuition
Which MBA program tops The Economist’s latest business school rankings list? What’s Emory Goizueta’s new class like? Where can MBA students and alumni find the best networking opportunities? Keep reading to get the answers to these questions and more.
Business school rankings are here!
Well, at least one of them. As you probably know, a number of publications produce their own business school rankings, often using similar or identical factors, but weighing those factors differently. The Economist is out with its 2015 list. At number one this year—holding its position from the past few years—is Chicago Booth. The Economist’s rankings don’t just include American MBA programs; it includes programs worldwide. There were a lot of shifting placements among business schools, including Stanford’s Graduate School of Business, which failed to place among the top ten for the first time ever. (The Economist)
Free MBA program
The University Arizona’s Carey School of Business just announced something extraordinary. Beginning in the 2016–2017 academic year, the entire entering class will get a full scholarship! Let’s do that math. Full-time tuition runs close to $55,000 a year if you are from the United States; non-resident U.S. citizens and foreign students pay $90,000. Estimates suggest the change will cost the school $25 million. Carey predicts that it will welcome 120 MBA students next year, but that number might even be higher. According to the school, this scholarship program will attract prospective students who ordinarily wouldn’t go for an MBA. Among them: women. (The Arizona Republic)
Meet Goizueta’s new class
Say hello to the newest class at Emory University’s Goizueta Business School. This year, the school received nearly 1,500 applications, up 126 from last year. At the same time, Goizueta downsized its class by 11 students. About 35% of its incoming class is female, up a bit from last year. In addition, 35% of its students are from overseas, down from 43% the previous year. Students of color constitute 14% of the new class. The new class also includes 18 U.S. military veterans. The average GMAT score of its new students is 678, a bit lower than the 681 average from the previous year. The average undergraduate GPA of these MBA students, however, was up from 3.3 in 2014 to 3.4 this year. (Poets&Quants)
GraduatePrograms.com, an online graduate school guide, has released a set of business school rankings specifically focused on which MBA programs are the best for networking. Their survey included the input of more than 13,000 MBA students and alumni. Topping the list was Stanford GSB for the win, Columbia Business School in second place, and Harvard Business School in third. Students ranked their MBA programs on a scale from one to ten, with ten being the highest score possible, to find out “where students have strong peer, faculty, and alumni networking connections and opportunities.”
A deceased Ohio couple just dropped the University of Dayton School of Business Administration a massive gift of $2.5M to lure top teaching talent to the MBA program. Somewhat unusually, neither the late husband nor the wife (the donation was made by their lawyer) were graduates of the school. They were, however, huge fans of the university’s athletics. (The Dayton Daily News)
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