- The New GMAT Is Coming!- The Wall Street Journal looks at the struggle future b-school applicants will face with the new “integrated reasoning” section of the GMAT. While the Graduate Management Admissions Council (GMAC) announced the new section a year and a half ago, with registration for the test opening this month the details about the changes have only come out recently. According to many test-prep experts applicants are rushing to take the GMAT before June to avoid the new section.
- Industries Fighting Over Harvard Students- Poets and Quants reports that for only 708 MBA students, 1,549 recruiters came to Harvard Business School this year (more than two companies for every one student, if you do the math). Although Harvard rarely shares information about which recruiters come to campus, P&Q lists all 1,549 alphabetically. The 170 companies under the letter C alone beat out the number of companies that recruit at some other business schools. To learn more about who is recruiting Harvard students, check out the full list here.
- Need A Conscience for an MBA- The New York Times reports the story of Jeremy Bedzow, a graduate of the IE University’s MBA program, who chose to be part of a social enterprise after completing business school. Bedzow is from Saudi Arabia where “there’s an incredible discrepancy between capabilities and opportunities.” So he began working for Microsoft, helping them build a model program that provides information technology training to young people for private sector jobs. While this may seem like an unusual path, Bedzow is one of many MBA graduates who are now putting social values at the forefront of their careers.
- Ross Takes EMBA to the West Coast- Michigan Ross School of Business announced that it is offering its 20-month Executive MBA program in Los Angeles, starting in August 2012. The school has been getting a lot of applicants from the West Coast and decided that many executives may be too busy to travel for their education so it makes sense to set up a program in LA. The program will follow a once-a-month format with programming from Friday morning through Saturday afternoon. Ross will start accepting applications for the program in January.
- Base Salaries on the Rise- Poets and Quants announced that a Columbia Business School grad was offered $300,000-a-year starting salary at a hedge fund with a guaranteed a bonus of $235,000. While this does not beat the Stanford MBA grad who was offered an annual compensation of $675,000, it’s not too bad either. However, more important than the exception is the norm: the average Columbia graduate working at a fund earns $125,000 a year, and the median base salary for Columbia’s graduating class is $110,000.
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