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Forbes Announces Top Ten Business Schools

August 5, 2011 by

  

Forbes has just released its list of the top business schools in America. The Forbes’ ranking methodology is based on the return on investment achieved by the class of 2006. They surveyed 16,000 alumni at over 100 schools and received feedback from 30% of those grads. They then compared the earnings of the respondents from 2006-2011 to the cost of business school.

While Forbes lists 74 top schools, the top ten are:

  1. Harvard
  2. Stanford
  3. Chicago (Booth)
  4. Pennsylvania (Wharton)
  5. Columbia
  6. Dartmouth (Tuck)
  7. Northwestern (Kellogg)
  8. Cornell (Johnson)
  9. Virginia (Darden)
  10. MIT (Sloan)

Poets and Quants analyzes the Forbes’ data in terms of winners and losers, those who went up in the Forbes’ rankings and those who went down; it provides a useful table comparing the salary data by school to previous years’ salary data.

Of greater interest to me is the overall profitable MBA picture presented by the Forbes data: every single program in the top 74 has positive ROI, admittedly less in more expensive locales and a few in single digits, but the overwhelming majority showed a greater than 20% gain after five years. And that’s despite the recession.

So for those of you who have professional goals that require an MBA, it looks like a solid investment.   

Linda AbrahamBy , President and Founder of Accepted.com

 

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Filed Under: Chicago, Columbia University, Cornell Johnson, Dartmouth Tuck, Harvard HBS, MBA Admissions, MIT Sloan, Northwestern Kellogg, Stanford GSB, UVA Darden, Wharton Tagged With: ,

A Few of the Mostest at Accepted.com

December 31, 2010 by

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.

Filed Under: Admissions Consulting, Babson, BBA Admissions, Boalt Law, Chicago, Chicago Law, CMU Tepper, College Admissions, Columbia, Columbia Law, Columbia University, Consortium, Cornell Johnson, Dartmouth Tuck, Dental School, Duke Fuqua, Duke Law, EMBA, Emory Goizueta, Fellowship, Financial Aid, Forte, Georgetown McDonough, GMAT, Grad School Admissions, GRE, Harvard College, Harvard HBS, Harvard Law HLS, IMD, Indiana Kelley, INSEAD, ISB, Law School Admissions, LLM, London Business School, LSAT, MBA Admissions, MBA Goal, MBA Interview, Medical School Admissions, Michigan Ross, MIT Sloan, Northwestern Kellogg, Notre Dame Mendoza, NYU Stern, Purdue Krannert, Residency, Stanford GSB, UC Berkeley Haas, UCLA Anderson, UNC Kenan Flagler, USC Marshall, UVA Darden, Wharton, Yale SOM Tagged With: , , , , , , , , , , , ,

Columbia Launches New JD/MBA Program

December 9, 2010 by

Columbia Law School and Columbia Business School are accepting the first class for their new three-year JD/MBA program. The accelerated program, which will launch in the fall of 2011, is intended to give “select students the opportunity to earn degrees from both schools in just three years.”

Students will spend their first and third years taking courses at Columbia Law School and their second year at Columbia Business School. Elective courses will be available throughout the three years at both schools. Students will take a heavier load throughout the programs, but will be able to work during the summers between their first and second years and their second and third years in the program. There are optional late-August intensive courses through the law school that are designed as to not interfere with summer work.

There is already an existing four-year dual-degree JD/MBA program which will continue to run “for students interested in a broader course curriculum.”

One benefit for three-year students is the opportunity to enter the workforce a year earlier than were they to complete the four-year program. Students in both the three- and four-year programs are considered full students at both the law school and business school and have access to all facilities and services at each, including career services, networking opportunities, and academic options.

Worried about preparing for the LSAT? Choose the LSAT prep course that’s best for you after reviewing Accepted.com’s special report, LSAT Prep Companies: In Their Own Words.

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Filed Under: Columbia, Columbia Law, Columbia University, Law School Admissions, MBA Admissions Tagged With: , ,

MBA Admissions News Round Up

October 10, 2010 by
  • Can social entrepreneurs resolve thousands of years of conflict between Muslims and Jews? A Financial Times article, “Building bridges,” reports on a new program funded by the Edmond de Rothschild Foundation and co-sponsored by Cambridge University and Columbia Business School that sets out to unite Jews and Muslims through social entrepreneurship. The program, which is currently in its second year, brings 24 Jewish and Muslim social entrepreneurs together for two weeks of intensive study at Columbia Business School. Social business workshops are taught by Columbia professors and cover such topics as how to draft a marketing plan and how to raise venture capital. The Cambridge faculty offers lessons on the Arab-Israeli conflict and modern Jewish-Muslim relations. According to Bruce Kogut, professor of ethics and leadership at Columbia Business School and director of the new program, “The hope is that these people with different backgrounds will form a community after the program. But to do that, they need to have an understanding of historical moments when things worked well and to know what’s happening now.”
  • An increasing number of foreign students are considering Canada’s business schools lately, due to the country’s economic performance during the recession. According to a CTV News article, “Canada bucks trend of falling MBA applications,” applications are up about 10% at Canada’s MBA and EMBA programs, much of the increase attributed to foreign students who are attracted to country’s strong economy, international marketing campaigns, growing focus on multiculturalism, and a government program that enables foreign students to work in Canada for up to three years after completing their MBAs. Top MBA programs in Canada include York University’s Schulich School of Business.
  • USA Today published Princeton Review’s ranking of the top 25 best undergraduate and graduate entrepreneurship programs. We’ll list here the top ten for each category:

 Top 10 Undergraduate Programs for Entrepreneurs

  1. University of Houston
  2. Baylor University
  3. Babson College
  4. Brigham Young University
  5. University of Southern California, Los Angeles
  6. University of Dayton
  7. Syracuse University
  8. University of Notre Dame
  9. Washington University, Saint Louis
  10. DePaul University, Chicago

 Top 10 Graduate Programs for Entrepreneurs

    1. Babson College
    2. University of Chicago
    3. University of Michigan
    4. Brigham Young University
    5. University of Arizona
    6. Rice University
    7. University of Virginia
    8. Stanford University
    9. University of Texas (Austin)
    10. Washington University, St. Louis

Are you thinking about going global with your MBA? Download Internationalizing the MBA, a free special report, to explore the increasingly global canvas of leading MBA programs in the United States, Europe, Asia, and Africa.

 

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Filed Under: Columbia, Columbia University, MBA Admissions Tagged With: , , , ,

Columbia University’s Application: Tips to Compel

September 24, 2010 by

When I was a high school student, my parents agreed that I could apply to any colleges I wanted, with the exception of those in California and New York City.  Consequently, I didn’t set foot on Columbia’s campus until more than a decade later.  Among both fellow Ivies and its New York City brethren, Columbia stands out.

The integration of a strong campus center (the vast majority of students live on campus for four years) with the accessibility of the city as well as Columbia’s commitment to its core curriculum give this college a feeling that is unique from others.  With so many distinguishing features, you should be able to convey to the admissions committee your interest in Columbia.  For applicants to the Fu School of Engineering, there is also a question which asks about the roots of that interest.   In both cases, take a sentence or two to relate your own experience to the strengths of the college.   If you are struggling with this question, consider attending one of Columbia’s evening programs which are held throughout the country.  

The questions about your interests, which ask you to list books, concerts, media that you have enjoyed over the past year are looking for fairly straightforward responses.  The commitment to the arts, which is a large component of the Columbia College Core Curriculum, is evident from the application question about concerts and art exhibits.  As an academically engaged student, there should be plenty of media and arts which have captured your attention in the past year.  Share both the mundane and the more interesting.  If you have a strong interest in a subject area, chances are your reading interests at least peripherally relate.  

Columbia is a member of the Common Application, and does offer an early decision program for students who are confident that Columbia is their first choice.

 By Whitney Bruce, who has worked in college admissions since 1996. She has served as an Senior Assistant Director of Admissions (Washington U), Application Reader (University of Michigan), Assistant Director of College Counseling (private prep school in St. Louis), and an independent college counselor. She is happy to advise you as you apply to college.



Filed Under: College Admissions, Columbia University Tagged With: ,

Words of Wisdom to Graduating MBAs

June 7, 2010 by

Celebration and cheer are in the air as b-school students flip their tassels, get their long awaited diplomas, reflect on their past two years, and contemplate what the future holds. According to a recent Bloomberg Businessweek article, “Goodbye B-School, Hello World,” expectations are high for the class of 2010.

Graduation speakers are choosing their words wisely to leave new MBAs with a feeling of triumph and opportunity—rather hard to come by sentiments given the economic crisis of the last two years—without neglecting the sometimes harsh reality of a recovering economy.

The following quotes come from keynote speakers’ speeches or their notes for forthcoming speeches:

“There will absolutely be setbacks and rejection, and this is the best time of one’s life to grapple with these challenges….[Graduates] are young, optimistic, full of drive. A time of unprecedented economic crisis is the perfect opportunity to develop and use their unique, fresh perspectives and skill sets.” (Ken Denman, chief executive of Openwave, speaker at University of Washington Foster School of Business)

“I am a committed capitalist, not the Fairy Godfather.” (Todd Stitzer, former CEO of Cadbury, speaker at Columbia Business School)

“If you believe in what you’re saying, if you believe in what you’re doing, you’ll be more effective, more passionate, and more authentic in everything you do.” (Seth Goldman, co-founder of Honest Tea, speaker at the American University Kogod School of Business)

“Have an interest that takes you totally away from the business world, whether it’s skiing, windsurfing, hiking, meditation, opera, or some worthwhile nonprofit….You have to step outside your daily environment, not only to replenish your spirit, but so you can strategically review where you are, where you are going, and what you should do next.” (Richard C. Blum, chairman of Blum Capital Partners, speaker at UC Berkeley Haas)

“Entrepreneurs objectify their idea into a company that is in fact the generating machine of jobs in America….[I]t is business, not government, that creates all wealth.” (Carl J. Schramm, CEO of the Kauffman Foundation, speaker at Pepperdine University Graziadio School of Business and Management)

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Filed Under: Columbia, Columbia University, Job Search, MBA Admissions, UC Berkeley Haas Tagged With: , ,

Columbia Full-Time MBA: A Current Student Interview

April 27, 2010 by

Accepted.com is continuing a blog series featuring interviews with current MBA students, offering readers a behind-the-scenes look at selected MBA programs. We hope to offer you a candid picture of student life, and what you should consider as you prepare your MBA application.

Our first stop?  New York City. Here are some excerpts from an interview with a current full-time Columbia MBA student from a finance background.

What’s the best way to plan for the two years so that you get the most out of it?
Point blank, you gotta know what you want to do. Especially now in this recession economy. I had a lot of friends who came into school with the assumption they would figure out their career plan in their first year–and they were left behind.  School starts in August, and recruiting starts in September.  It’s over very quickly and if you don’t get an internship, you’re not going to get a full-time offer.  So if you don’t know what you want to do, you might want to defer your plans to apply.

How close did you stick to your originally stated goals from your application?
My goal was to get into Columbia, and my second goal was to get into the value investment program.  So I followed my goals to the “T.”

So you were pretty focused on finance.  That’s been a good match for you at Columbia?
Absolutely. I came specifically for the value investment program, which you’re allowed into through interviews and write ups.  It’s an entire second-year specialization that allows direct access to industry practitioners.

What about the New York location?  How did that affect your experience?

It’s absolutely tremendous. Really, in any field the opportunities are in New York City. If you’re an investment banker you have access to Wall Street, such as morning phone calls with all the investment banks. Your professors are multimillionaires who’ve made it on Wall Street. One of them made phone calls on my behalf at internship time, which I thought was unheard of.  So the dedication of their time–from an internship standpoint it’s invaluable.

Any trade-offs?

I have a 600 sq. foot apartment without a second bedroom or even a desk to study. It’s not nice if you’re working your tail off and you have a wife who doesn’t think you’re paying enough attention to her and you have no place to get your studying done. I would chose to live close to school or the library.

What did you find out the school offers that you couldn’t find out from the website or an information session?

I guess the good access to the professors.  I was going through job recruiting and I was reached out to by multiple professors who said they would put out in a good word for me.  They will put out their neck out for you.  It was really something I didn’t anticipate.

What kind of leadership training or mentoring do you receive at Columbia?

Every class in the core curriculum now has a portion dedicated to leadership training, such as ethical decision making. All clubs have individual mentorship programs. And in the value investment program, which is opened to 30 people a year, those who make it into the program have a mentor matched up to them for their desired work location in the future.

How much help has career services been to you?  How much job search have you had to do on your own?
Career services is instrumental in setting up resume critiques, mock interviews, and actual meet-ups. But I think the most important part of the Columbia experience is the clubs.  The real vital knowledge about internships and connections is in the clubs.

Can you tell me about your best day so far on campus?

Making it through the interviews for internships and getting an internship offer. You go through 5 to 7 interviews a day, that can last an hour and a half, where you pitch your stuff and it gets pretty intense.  But it was worth it in the end when I got good news.

The challenges?

The unavoidable part is definitely choosing between your significant other, socializing, making good grades, and your career search.  You can really only do three at the most and usually it’s best to stick to two out of the four.  You need to really map out your plan about what you’re okay letting go of and where you really want to focus your time, then stick too it–or you’re not going to make anybody happy. I had a professor say that everybody likes hot tea and iced tea, but nobody likes tepid tea.  You don’t want to be tepid.  You have to decide where you’re really going to excel.

Last words of advice?

Know what you want to do before you get here. A lot of people are very focused. Competition is tough, so executing a well-thought out plan will get you ahead.

 Interview conducted by Michelle Stockman, who worked in the Columbia Business School admissions office, has a Masters in Journalism from Columbia, and has assisted Accepted.com clients applying to top business schools since 2007.  She is happy to help you with your application.


Filed Under: Columbia University, MBA Admissions, MBA Goal Tagged With: , , , , ,

New U.S. News Rankings Show that Little has Changed: Top Programs Remain Top Programs

April 15, 2010 by

The 2011 U.S. News & World Report graduate school rankings were released just moments ago, and we at Accepted.com have been standing by to report the news as it’s released.

We’ll give you the top ten b-schools, law schools, and med schools. Follow the links for the full rankings.

Top 10 Business Schools

1.  Harvard University

1.  Stanford University

3.  MIT (Sloan)

4.  Northwestern University (Kellogg)

5.  Chicago (Booth)

5.  University of Pennsylvania (Wharton)

7.  Dartmouth College (Tuck)

7.  University of California—Berkeley (Haas)

9.  Columbia University

9.  New York University (Stern)

 

Top 10 Law Schools

1.  Yale University

2.  Harvard University

3.  Stanford University

4.  Columbia University

5.  University of Chicago

6.  New York University

7.  University of California—Berkeley

7.  University of Pennsylvania

9.  University of Michigan—Ann Arbor

10.  University of Virginia

 

Top 10 Medical Schools (Research)

1.  Harvard University

2.  University of Pennsylvania

3.  Johns Hopkins University

4.  University of California—San Francisco

4.  Washington University in St. Louis

6.  Duke University

6.  University of Michigan—Ann Arbor

6.  University of Washington

6.  Yale University

10.  Columbia University

 

Top 10 Medical Schools (Primary Care)

1.  University of Washington

2.  University of North Carolina—Chapel Hill

3.  Oregon Health and Science University

4.  University of Vermont

5.  University of California—San Francisco

5.  University of Colorado—Denver

7.  Michigan State University

7.  University of Pennsylvania

9.  University of Massachusetts—Worcester

10.  University of Iowa (Carver)

 

For more information about how to read, understand, and value school rankings, download The Rankings: An Accepted.com special report.

 

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Filed Under: Chicago, Chicago Law, Columbia, Columbia Law, Columbia University, Dartmouth Tuck, Duke Fuqua, Duke Law, Grad School Admissions, Harvard HBS, Harvard Law HLS, Law School Admissions, MBA Admissions, Medical School Admissions, Michigan Law, Michigan Ross, MIT Sloan, Northwestern Kellogg, Northwestern Law, NYU Law, NYU Stern, Penn Law, Rankings, Stanford GSB, Stanford Law, UC Berkeley Boalt Law, UC Berkeley Haas, Wharton, Yale Law YLS Tagged With: , ,

MBAs Search for Green Pastures

April 13, 2010 by

A recent BusinessWeek article, titled “MBAs with a Social Conscience,” reports that more and more MBA applicants have social enterprise, nonprofit work, and sustainability on their minds when it comes to choosing a post MBA career path.

Adcoms from top MBA programs are seeing increases in the interest applicants show for these idealistic, “nontraditional sectors.” Assistant dean of admissions at Columbia Business School, Mary Miller, describes the new applicant mantra of “doing good while doing well.” This attitude, she explains, reflects a new optimism that MBAs truly want to improve the world around them.

Changes in student interests and priorities will, no doubt, drastically “reshape the recruiting landscape and transform the very idea of what an MBA is for.”

For one, explains Sarah Slaughter, coordinator of the Sustainability Initiative at MIT Sloan, these idealistic students are having a positive effect on potential employers—after all, working to improve a community makes good business sense.  Being able to address environmental and social issues will put these new MBAs one step ahead of their less-socially conscience predecessors.

In response to the growing desire to bring about change, top MBA programs are implementing new programs and courses to reach their green-minded students. MIT Sloan, for example, offers a certificate program in sustainability and sustainability internships.

Listening to your conscience sometimes has its downside: People who commit to a career in the nonprofit sector won’t make nearly as much money as, say, an investment banker. To encourage students to follow their socially conscious dreams, top b-schools, including Columbia and Emory’s Goizueta, are offering to alleviate some of the financial burden that comes along with taking a job in these socially responsible, greener fields.

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Filed Under: Columbia, Columbia University, Emory Goizueta, Job Search, MBA Admissions, MBA Goal, MIT Sloan Tagged With: , , ,

Eastward Bound MBA Grads

March 31, 2010 by

According to a BusinessWeek article, “Why MBAs are Going East,” the percentage of MBA grads taking jobs in Asia has more than doubled in the last five years. Now, more than 10% of an MBA graduating class will pack their bags and hop a plane out east. According to Michelle Conlin, author of the article, heading to Asia is this decade’s version of the American dream. Forget Wall Street, forget Silicon Valley, she says. For this era, it’s China.

Says Julie Morton, associate dean for career services at Chicago Booth: “There is a sense that the center of gravity is shifting.”

Assistant dean of Kellogg, Roxanne Hori, explains that a recession often results in students taking international jobs. But that this economic recession is different: This shift, explains Hori, is not a short term response to the recession, but “a structural shift toward an internationalized, mobile talent market…and…right now, Asia is where the career velocity and opportunities are.”

“Asia fever” is hitting students at top b-schools all over the U.S., including Chicago Booth, Columbia, Wharton, and others.

One Wharton student, Andrew Maywah, explains his attraction to China: “It’s like the Wild, Wild West. There is just so much happening there. I want to be at the center of it.”

Working in an emerging market provides young MBAs with a rush and with the “joys of geographic arbitrage.”

And it’s not just the Americans who want to go to Asia; Asian companies are eager to have bright, young b-school grads on their home turf—so much so, in fact, that top Asian companies have increased their recruiting initiatives in the U.S. Wharton has even gone so far as to open a career services office in Hong Kong.

Conlin concludes her article by asking how long the Asian allure will hold. Two obstacles may reduce the Asian attraction: First, she explains, “With protectionist talk rising in America, and China trying to put the brakes on its rapidly growing economy, there’s always a chance that Asia could stumble.” Second, migration to China could reduce the U.S.’s competitive edge—when else has America experienced the fleeing of its top minds and businessmen?

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Filed Under: Chicago, Columbia, Columbia University, International, Job Search, MBA Admissions, Northwestern Kellogg, Wharton Tagged With: ,
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