Babson’s MBA Program Gets a Makeover

Everyone tries to change their wardrobe a little each season. Especially with the changing economic times, you need a new look.  Well that goes for MBA programs as well.  And with Babson College it is not just changing the drapes.

The school recently announced its program will undergo a complete transformation in Fall 2011. Its new curriculum provides a single MBA program that has four options and is based on the motto: “Common Core, New Courses, Experiential Learning, Entrepreneurial Thought & Action.”

The program will remain consistent for the 12-month, 24-month, evening, or blended onsite/online options so that “all Babson MBA graduates will emerge with the same extraordinary skills and experiences with which to launch or propel their career.”  However, the program will still have a new look that includes more hands-on activities and restructured course schedules to give students time to network and engage in co-curricular activities. Two new core courses will be offered—’Managing at the Crossroads: International Economics, Business, and Government’, and ‘Global Connections Through Technology.’

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2011 Rankings: BW’s Best Undergraduate Business Schools

  

BusinessWeek‘s 2011 ranking report reveals that more than ever, college applicants are seeking a global experience, especially those who plan on pursuing an undergraduate degree in business. Undergraduate business programs are responding by creating more immersion options, overseas internships, and business-related study abroad opportunities. Some schools are even offering business courses that require students to go abroad. Many schools are implementing international experience requirements, maintaining that global exposure is essential in today’s market.

For example, Notre Dame Mendoza, BW‘s top pick for the second year in a row, offers study abroad options in Haiti, Egypt, and South Africa, among many other places, and encourages students to pursue business research projects abroad as well.

Below we have posted BW‘s top 20 undergraduate business schools.

Top 20 Best Undergraduate Business Schools 2011 (Last year’s position is in parentheses.)

1.      Notre Dame Mendoza (1)

2.      UVA McIntire (2)

3.      Emory Goizueta (7)

4.      UPenn Wharton (4)

5.      Cornell (5)

6.      Michigan Ross (8)

7.      Villanova (20)

8.      UNC Kenan-Flagler (14)

9.      MIT Sloan (3)

10.  Georgetown McDonough (23)

11.  Brigham Young Marriott (11)

12.  Richmond Robins (15)

13.  UC Berkeley Haas (6)

14.  Washington Olin (13)

15.  NYU Stern (12)

16.  Boston College Carroll (9)

17.  Texas McCombs (10)

18.  Indiana Kelley (19)

19.  Wake Forest (18)

20.  Babson (17)

You’ll notice there were quite a few significant shifts this year. Three new schools made it into the top 10—Villanova, UNC Kenan-Flagler, and Georgetown McDonough—ousting UC Berkeley Haas, Boston College, and Texas McCombs from their top 10 positions of last year. The only school new to the top 20 list this year is Georgetown, taking a slot away from Miami Farmer.

For more information on methodology, please see BW‘s article, “How We Ranked the Schools.”

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A Few of the Mostest at Accepted.com

This is the time of year to look back at the most, best, (worst), etc. I am going to stick to the positive.

Top Ten Most Visited Accepted Admissions Almanac Posts of 2010:

In a nutshell, rankings and application tip posts rule. (I am only listing the current tip post when last year’s tip post also made the list):

  1. Financial Times Global 2010 MBA Rankings
  2. Forbes ROI MBA Rankings for 2010
  3. Harvard HBS 2011 MBA Application Questions, Deadlines, Tips
  4. INSEAD 2011 MBA Application Questions, Deadlines, Tips
  5. NYU Stern 2011 MBA Application Questions, Tips, Deadlines
  6. Common Application Essay Tips
  7. Columbia 2011 MBA Application Questions, Deadlines, Tips
  8. 2010 MBA Rankings Released by BusinessWeek
  9. Kellogg 2011 MBA Application Questions, Deadlines, Tips
  10. London Business School 2011 MBA Application Questions, Deadlines, Tips

Three Most Commented Accepted Admissions Almanac Posts of 2010

  1. Harvard HBS 2010 MBA Application Questions, Deadlines, Tips (269)
  2. INSEAD 2010 MBA Application Questions, Deadlines, Tips (246)
  3. INSEAD 2011 MBA Application Questions, Deadlines, Tips (60)

Keep ‘em coming! (Please post your questions about this year’s applications on this year’s tips.)

Five Most Popular Articles on Accepted.com of 2010:

  1. Go for the Goals in your Statement of Purpose
  2. Tips for Writing Letters of Recommendation for Medical School
  3. 4 Must-Haves in Residency Personal Statements
  4. MBA Admissions: Low GMAT or GPA 
  5. Sample MBA Interview Questions

Most Popular Resources of 2010:

Our Absolute, Best, Most Superlative Asset: YOU, our readers, followers, fans, subscribers, and most of all, our clients.

On behalf of Accepted’s staff, this post is where I

Thank you, all of you Acceptees, for making 2010 our best year ever!

By Linda Abraham, President and Founder of Accepted.com.

American Students Lazy? True or False

Is it fair to accuse all American students of being lazy?

Inside Higher Ed chronicles an interesting discussion sparked by Babson College faculty member, Kara Miller, about the nature of American students. Her claim, which she presented in the Boston Globe last month, was that American students are lazy, especially when compared to their international classmates.

Miller brings many examples to support her claim: American students are the ones likely to be texting under their desks, checking email, and generally giving off the appearance of being “tired and disengaged.” These American students are also more likely to be receiving Cs, Ds, and Fs than the international students in her classroom.

Many criticize Miller for her allegations. Some offer respectful rebuttals, like Dennis Hanno, dean of Babson’s undergraduate program, who argues that “real data derived from the performance of students at Babson and elsewhere…illustrate the folly of ascribing the term ‘lazy’ to any one category of students.”

Another contributor says that while American students may be lazy, they one-up their international competition by bringing creativity and independence to the classroom, something that international students lack.

Some offer less productive input: “Sounds like a typical egghead liberal professor who think[s] there’s a correlation between the classroom and the real world. Sorry, teach, but our American kids know that college is for boozing, drugs and hooking up. They’ll start working hard when it matters—the day they get their first job.”

The vast majority of readers, however, agreed with Miller’s assessment. One Boston area professor supports Miller and says:

Based on my decades of college teaching experience [Miller] is exactly right. What she leaves out is that we are dealing with a generation of students that have been left behind by No Child Left Behind, supervised by ‘Helicopter Parents.’ Students now feel entitled to high grades despite little work and want their hands held on every assignment.

Another professor weighs in on the American-International comparison and adds, “The biggest difference I noticed with domestic and international students was the ability to handle criticism. Domestic students tended to be very defensive when pointing out what can be improved.”

Another supports this by saying, “Many of the U.S. students expect to be given A’s for inhaling and exhaling, and look at you like you have four heads if you suggest that perhaps coming to class, doing homework, and studying might improve their grade.”

Whether Miller’s accusations are true or not will always be up for debate. But American Babson student Lauren Garey raises one final point about Miller’s Babson experience:

Miller’s spring teaching schedule comprises of [sic] three introductory liberal arts courses at a business-specific college. Therefore, although I do not dispute her individual class results, I believe that a larger, better-rounded perspective needs to be analyzed in order to prove the validity of the assertions made regarding American students.

Garey is right—maybe it’s not right to judge an entire population based on one teacher’s experience of three introductory courses.

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MBA Admissions News: Tuck, Rankings, Global Entrepreneurship, MBA Interviews

Let’s take a look at a few developments during a busy October for MBA applicants:

  • The Dartmouth News published an article about the increasing percentage of women at Tuck with a couple of factoids about Harvard and Wharton. Unfortunately, there is an inaccuracy in the article regarding a non-existent experience requirement at Tuck. I checked with Dawna Clarke, Director of Admissions, who clarified,  “While the average years of work experience (at matriculation) is 4-5 years, that is not a requirement for admission.”
  • The Economist this week published its eighth annual rankings of international business schools, which it bases on responses to surveys sent to students/alumni and over 100 top MBA programs. The criteria are “open new career opportunities; personal development and educational experience; increase in salary; and potential to network.The Economist’s Top Ten:
  1. IESE
  2. IMD
  3. Haas
  4. Chicago
  5. Harvard
  6. Tuck
  7. Stanford
  8. London Business School
  9. Wharton
  10. Vlerick Leuven Gent
  • New Global Entrepreneurship Program. EMLYON in France,  Babson College in the USA, and Zhejiang University in China have partnered to create the first ‘Global Entrepreneurship Program’ which opens its doors this month. The program begins with 65 students, who will study on each of the three campuses en route to earning an MSc in Entrepreneurship.
  • First round deadlines are slowing getting checked off, and their passing means that round one interview invitations will be arriving soon. In fact, they have already started to arrive. As a result, BusinessWeek just published an excellent piece, “Acing the MBA Application Interview“, which I want to bring to your attention along with the many MBA interview resources at Accepted, specifically:

Accepted Welcomes Natalie Grinblatt

It is with great pleasure that I welcome Natalie Grinblatt to Accepted’s staff. Natalie previously served as:

  • Assistant Dean at Arizona State University’s W P Carey School of Management.
  • Director of Admissions and Financial Aid at Cornell’s Johnson School
  • Director of MBA Student Affairs and Enrollment Management at the University of Michigan (where she also earned her MBA).

She is a wonderful addition to our already excellent staff.

If you would like to work with Natalie on your application, please register and request her in the comments box.


New MBA Admissions Service: Start Smart

Yesterday I met with a LAMP client who is shrewdly starting now to prepare for his fall application. We went over his profile, and I made several suggestions as to what he can do between now and this fall to improve his chances of acceptance next year. He found the session very valuable. And again, I commend him for starting early to work on his application. I want to be able to commend and mentor and help prepare more of you.

For years I have encouraged MBA applicants to lay the foundation for their MBA application in the months before applications come out. That’s why I wrote Best Practices for MBA Admissions, a featured ebook this month. That’s why Accepted has hosted MBA Admissions Telethons and teleseminars. And that’s why Accepted is introducing a new subscription form of MBA Admissions Consulting: Start Smart ™.

With Start Smart, you can meet up to one hour per month with your adviser, an experienced Accepted consultant and editor who for years has seen what works and what doesn’t. Our experienced staff shares my frustration when talented but flawed clients come to us in September wanting to apply in Round 1 and hoping that a magic wand will make them competitive. We don’t have that wand. We do have decades of collective experience that we would like to share with you on an individual basis through Start Smart.

With Start Smart, you can have a mentor guide you in:

  • Identifying the core stories for your application.
  • Focusing on specific schools.
  • Strengthening your application and ameliorating weaknesses.
  • Choosing recommenders.

We can even help you work out an application time table.

In addition, Start Smart is something that rewards your early-bird-gets-the-worm approach to your applications:

  • You will pay less per month when you sign up for more months.
  • Your credit card is billed on a monthly basis for the exact number of months you want. You do not pay for the entire service up front so it is more affordable.

Start Smart to propel your MBA application.

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Association of International Graduate Admissions Consultants

Two years ago I attended Tuck’s first Conference of International Educational Advisors. I went with the purpose of  learning more about Tuck. And I did learn a lot about Tuck, as expected, but I discovered that I enjoyed meeting my competition and professional colleagues much more than I anticipated. The networking was great! 

I have also watched the educational advising industry explode over the roughly 13 years that I have been in it. When I first started Accepted, most people thought I was crazy. Today, new “consultancies” are popping up like mushrooms after it rains. This growth has fueled  concerns about quality and integrity in the industry.

As an outgrowth of the Tuck conference and the growth of the admissions consulting industry, in late 2005 I proposed to GMAC that it host a panel about admissions consulting. GMAC accepted my proposal, and last June I was part of a panel presentation at the GMAC Conference entitled “Admissions Consultants: Love ‘em, Hate ‘em, Use ‘em.” On the panel with me were Ricardo Betti of MBA Empresarial, Maxx Duffy of Maxx Associates, and Graham Richmond of Clear Admit.

In response to feedback at the conference and in recognition of a need for a professional graduate admissions consultant association, the four panelists from the GMAC conference have founded the Association of International Graduate Admissions Consultants (AIGAC):

  • To establish standards of practice for top graduate admissions consultants.
  • To create a recognized emblem of professional quality and integrity — AIGAC’s Stamp of Excellence — for applicants and the larger admissions community.
  • To provide a forum for member networking and professional development.
  • To offer schools a convenient conduit for communication with consultants and a means for distinguishing between consultants who adhere to the standards and those who don’t.

On behalf of the AIGAC board, I am proud to announce that AIGAC is open for business. As its first president, I join the other board members in inviting admissions consultants who share its vision, meet its requirements, and adhere to its standards to become members. Join the board, other AIGAC members and me in taking our industry to improved levels of service and professionalism. If you have any questions about AIGAC, please feel free to call me at the AIGAC office (916) 446-3670. If I am not available, please leave a message and some times when I can call you back. Please also feel free to email me with your questions.

I also invite applicants, as you approach the 2008 season, to look for AIGAC’s Stamp of Excellence. Those  consultants who display it have met AIGAC’s membership requirements and agreed to operate in accordance with AIGAC’s Principles of Good Practice. That emblem means professional quality for you.

Schools, in general, are supportive of our efforts. Here are a couple of responses that we have received:

  • From Rose Martinelli, Associate Dean for Student Recruitment and Admissions, University of Chicago Graduate School of Business: “candidates may need guidance in exploring career options, identifying appropriate programs and determining the best way to position their candidacy. An organization like AIGAC assures both schools and candidates that there are industry standards in place and consulting firms linked to this organization are following ethical practices.”
  • From Dawna Clarke, Director of Admissions, The Tuck School of Business at Dartmouth: “At Tuck, we embrace relationships with educational advisors around the world. The advice they provide to prospective students is mutually beneficial to the students as well as the schools they represent….I applaud the current effort of this group to come up with ethical standards of behavior.”

For more on AIGAC’s birth, please see the press release and the post on Clear Admit’s blog.

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PhD Shortage in B-School

The CareerJournal reports on a trend, previously mentioned in this blog: a growing shortage of PhDs who want to teach business at the country’s universities. B-school deans are having to deal with growing numbers of retiring faculty at the same time that the number of new PhDs is declining…and many of the newly minted PhDs don’t want to go into academia.

 What does this mean for MBA applicants? More online courses. Larger classes. Higher tuition as competition pushes up faculty salaries. And more lecturers coming from business, as opposed to academia.

For more thoughts on the topic, please see my Q&A with Dean Mark Rice of Babson . He foresees an innovative response to the PhD shortage.

We Passed 2000 Subscribers!!!

I took a peek at our subscriber stats this morning. And the Accepted Admissions Almanac has over 2000 subscribers to its various feeds. Thank you for your interest, attention, and support!

I also want to thank those of you who have posted questions or comments to my posts. You are adding to the value of this blog by sharing your thoughts and concerns. Thanks for your participation.

If you are not yet subscribed, you too can do so with a variety of blog readers and to different feeds. If you prefer  to receive the Accepted Admissions Almanac via email, just scroll down our subscription page and you will see the Feedblitz box for email subscribers.