Another US News Top Ten!

US News is at it again!  The magazine’s newest top ten list is the top 10 Business Schools That Receive the Most Full-Time Applications. Not surprisingly, almost all the top 10 programs listed in US News’s rankings of the best business schools were also on the list of the top 10 business schools that received the most applications for full-time admissions in the 2010-2011 academic year (Dartmouth College’s Tuck School of Business was the only exception).

A total of 261 business schools provided US News with application data. On average, programs received 525 applications for admission.  But Harvard Business School surpassed them all with 9,524 applications, 32% more than the Stanford Graduate School of Business, which received the second highest number of applications.

However, the US News data does not reveal the number of students accepted into the class, making application numbers misleading. For example, Stanford has a class of fewer than 400, whereas Harvard’s class size is approximately 930. These statistics are also just a close approximation of the upcoming US News’ top 10.

Other schools that made the list of “the 10 business schools that received the most applications for full-time admission in 2010” were: University of Pennsylvania (Wharton)Columbia University, Northwestern University (Kellogg), Massachusetts Institute of Technology (Sloan), New York University (Stern), University of Chicago (Booth), University of California—Berkeley (Haas), and Duke University (Fuqua).

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MBA Admissions News Roundup

  

  • An article in Fortune Magazine looks at how MBA job recruiters are courting military veterans because of their management experience and ability to work under pressure. Although veterans sometimes struggle with the lingo of the business and consulting world, with the help of their affinity groups and military networks they are rising to the occasion.
  • The Wharton School of the University of Pennsylvania has announced that it is relocating its San Francisco campus to the Hills Plaza building on the San Francisco Embarcadero.  The new campus will provide more space for alumni events and include up-to-date hi-tech equipment.  There are also rumors that Wharton may use this campus to extend its full-time MBA program’s presence on the West Coast.
  • Future MBA applicants should look into the DMAC, the Diversity MBA Admissions Conference held annually at UCLA. The DMAC provides the opportunity for underprivileged or underserved applicants to meet admissions directors from top-tier business schools looking for unique candidates.
  • GMAC explains how it maintains the integrity of the GMAT. Lawrence M. Rudner, vice president of research and development at GMAC, highlights the ways in which the organization ensures that the test is accessible to all, that there is no cheating, and that all the questions are culturally appropriate.
  • Bloomberg Businessweek has posted the top-10 full-time MBA programs with podcasts on iTunes U. MIT’s Sloan School of Management, Columbia University, University of California, Berkeley, Haas School of Business, and Wharton  are just some of the schools offering online resources.
  • The Economist describes the hardships faced by a business management program launching in Africa while the country falls into civil war. In January the IESE, a Barcelona-based business school, partnered with Management et Développement d’Entreprise (MDE) in Abidjan, the capital of Côte d’Ivoire, to launch the country’s first advanced management program.

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MBA Admissions News Round Up

  

  • While MBA applicants frequently pore over U.S. News’ college rankings, Bloomberg Businessweek reports that the University of Florida’s Warrington College of Business gave U.S. News  inaccurate job-placement data in order to boost its rankings. An internal investigation discovered that many of the graduates listed as employed had questionable employment opportunities, and many who were listed as not looking for work were in fact beating the pavement.
  • Dartmouth’s Tuck School of Business announced that 70% of its alumni contributed to its annual giving campaign (TAG) in 2011, the highest percentage of participants in the history of the school.  To put this number in perspective, the average percentage of alumni that give to the top 20 business schools is around 20%. You can see why Tuck is very proud of that achievement!
  • An article in The Financial Times reported that 76% of Business schools have seen a rise in on-campus recruiting activity in the past year, according to the MBA Career Services Council. This exciting news fits with the positive report already published by GMAC about the growing number of recruiters on campus.  Things are definitely looking up for future MBA graduates.
  • Inside Higher Ed looks at the third annual Entrepreneurship in Education Summit that recently took place at University of Pennsylvania’s Wharton School of Business.  The competition received 200 submissions and both first prizes of $25,000 went to Alexandre Scialom.  He received the first-prize for theCourseBook, a site that works like Yelp to assist lifelong learners find and select courses after they’ve left college. And the second-place prize was for Intellidemia, a syllabus-management platform Scialom created.
  • UC Berkeley Haas School of Business reports that 87% of its full-time class of 2011 has received job offers.  The median base salary for these jobs is $115,000, with a signing bonus of around $22,500. These jobs have come from 135 organizations in 19 countries. Top hiring firms include Google, Apple, McKinsey & Company, Deloitte Consulting, Microsoft, Samsung, PG&E, and The Boston Consulting Group.

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MBA Admissions: UC Berkeley Haas and Management Consulting

  

This post about Haas and management consulting is part of a series of interviews of top MBA programs called “MBA Career Goals and the B-Schools that Support Them.” Please subscribe to our blog to ensure that you receive all the interviews exploring the elements at each school that support career goals in finance, consulting, general management, entrepreneurship, marketing and more.

1.  What kind of background and skills do you like to see in applicants expressing interest in a career in management consulting?

The Berkeley MBA Program is delivered from a general management perspective, and thus attracts applicants with a diverse range of backgrounds and interests.  We seek candidates who have solid professional experience and leadership potential, and who possess the Berkeley values of confidence without attitude and a willingness to look beyond the status quo.

Candidates who wish to pursue a post-MBA career in management consulting should demonstrate a breadth of experience, preferably with strong leadership, progression and impact.  Direct experience in consulting or strategy is a plus, but not required.  Candidates who are making a career-switch into management consulting should be able to clearly articulate how they intend to leverage their skill set and work experience to successfully make this transition, why they want to pursue consulting and which firms they plan to target for full-time employment.

Learn more about general admissions criteria.

2.  What aspects of your curriculum do you feel are best suited to students who want to eventually pursue a career in management consulting?

Students pursuing a career in management or strategy consulting will typically begin as an Associate, gathering data and performing analytical work.  Essential skills include: evaluating financial statements, interpreting marketing plans, understanding internal financial reports and producing succinct and coherent analyses.  Courses that help students develop a clear thought process and logical analysis, including strategic thinking, structure and prioritization, and numerical agility are good foundations for consulting.  Strong communication skills are also critical for success as a consultant.  

Many of these skills will be developed through Haas’ general management curriculum which teaches students fundamental business concepts – from accounting and finance to strategy and marketing.  Through additional elective courses students can customize their coursework towards management consulting.  Elective courses comprise over 60% of the Haas curriculum and most students start taking electives in the spring of their first year.

Some suggested elective courses towards a career in management consulting include:

  • Financial Information Analysis
  • Designing Financial Models that Work
  • Power and Politics
  • Game Theory
  • Global Strategy and Multinational Enterprise,
  • Strategic Leadership
  • Structure and Incentives
  • Marketing Research

In addition, student-initiated courses, such as Careers in Consulting and General Management and Strategy Speaker Series, bring real-life practitioners from top firms to the classroom and deliver first hand insights on critical issues in the management consulting field.  Students frequently will have an opportunity to meet with the speaker in a small group setting or over dinner.

3.  Which school clubs and extra-curricular events are most relevant to people interested in management consulting?

Providing students with hands-on exposure to real-world business situations is a key strength of the Berkeley MBA Program.  Experiential activities are required for graduation, and numerous out-of-the-classroom initiatives give students the opportunity to build on their general management skill set.  A snapshot of these experiential opportunities is highlighted below:

  • Clubs: Most students take a leadership role in the club that aligns with their career interests, such as the Haas Consulting Club (HCS) and the Berkeley Solutions Group.  The clubs aim to educate students on career paths in management consulting, provide avenues for networking and prepare them for job interviews.  HCS facilitates a Consulting Firm Night, Case Interview Groups and a Consulting Boot Camp.
  • Haas@Work:  Haas@Work sends teams of Berkeley MBA students to work with top executives at major firms, such as Visa, Virgin America, Cisco, Disney, Panasonic, Clorox, and Wells Fargo. Students research and develop solutions for a competitive challenge posed by the firm. The best ideas are then selected for student implementation by the firm’s executives.
  • Social Sector Solutions:  Social Sector Solutions partners with the international consulting firm McKinsey & Co. to engage in major consulting projects for nonprofit organizations, such as the David Brower Center, the Graduate Theological Union in Berkeley, and the Opportunity Fund.  Students work with senior leaders of the organizations and McKinsey consultants in offering plans, creative ideas, and solutions.
  • Business Competitions: Case competitions challenge students to apply classroom learning to real-life business problems, often simulating the tasks that a management consultant would face in his or her job.  In recent years, students have participated in case competitions with Apple, Facebook, Hewlett Packard and Intel – among others.  In 2010, Berkeley-Haas students took first place in the 8th Annual Innovation Challenge, earning them the title of “America’s Most Innovative MBA Team” from over 100 competing teams.
  • Conferences: Berkeley-Haas students host and facilitate several industry competitions annually.  Conference leadership is an excellent opportunity for students to employ their leadership, communication and project management skills.  Our largest conferences include the >play Digital Media Conference, Women in Leadership Conference and the Haas Business of Health Care Conference.
  • Career Management: The Berkeley-Haas Career Management Group was ranked #4 nationwide by recruiters in a 2008 BusinessWeek survey and received an “A+” in 2010.  Career Management plans workshops, panels, networking events, job fairs and receptions specific to all phases of the job search.  Specifically for management consulting students, Career Management helps facilitate Haas Consulting Days, mock case interviews and case prep workshops with industry experts.

Hear more about experiential learning directly from Haas students on the Berkeley MBA Student Blog.

4.  Since “management consulting” is a very broad term, can you break down some of the some of the sub-categories in the field that Haas excels in?

Most Berkeley-Haas students interested in consulting pursue management and strategic consulting positions with firms that primarily offer strategy consulting and business intelligence models across industries, such as McKinsey, The Boston Consulting Group and Bain.

To a lesser degree, students pursue boutique firms which have expertise in specific industries (such as healthcare, technology or brand management).

5.  Which five management consulting firms recruit the most Haas graduates? What kinds of positions did they go into?

Approximately 20-25% of Berkeley-Haas students gain full-time employment in management consulting after graduation.  Recently, the top management consulting employers at Haas included McKinsey, The Boston Consulting Group, Deloitte and Bain. 

Learn more about the management consulting career paths from Class of 2011 graduates:

Learn more about careers post-MBA, view an employment snapshot of recent graduates or see a list of firms that recently recruited on campus.

By Morgan Eckles, Assistant Director, Haas Full-Time MBA Admissions.

Download Accepted’s new special report, MBA Action Plan, for practical tips on what you can do now to increase your chances of getting in to a top business school next year. (P.S. It’s free!)


MBA Admissions: UC Berkeley Haas and Technology

  

This post about Haas and technology is part of a series of interviews of top MBA programs called “MBA Career Goals and the B-Schools that Support Them.” Please subscribe to our blog to ensure that you receive all the interviews exploring the elements at each school that support career goals in finance, consulting, general management, entrepreneurship, marketing and more.

1.  What kind of background and skills do you like to see in applicants expressing interest in a career in technology?

The Berkeley MBA Program is delivered from a general management perspective, and thus attracts applicants with a diverse range of backgrounds and interests.  We seek candidates who have solid professional experience and leadership potential, and who possess the Berkeley values of confidence without attitude and a willingness to look beyond the status quo.

Candidates who wish to pursue a post-MBA career in technology should demonstrate at least one of the following pursuits through their application: previous work experience in a technology function, related extracurricular involvement in technology with a leadership role, or comprehensive research into specific positions or organizations for post-MBA employment in technology.  Candidates who are making a career-switch into technology should also be able to clearly articulate how they intend to leverage their skill set and work experience to date to successfully make this transition

Learn more about general admissions criteria.

2.  What aspects of your curriculum do you feel are best suited to students who want to eventually pursue a career in technology?

Berkeley-Haas is one of the world’s leading graduate programs for the study of technology.  In recognition of the pervasive impact of technology on business, the Berkeley MBA program provides students with an overview of technology management as well as the opportunity for specialization.  Our proximity to Silicon Valley strengthens our connections to the high-tech community.

Students at Berkeley-Haas have access to Management of Technology (MOT) courses to supplement their general management curriculum.  MOT courses focus on the set of management activities associated with bringing high-tech products to market.  It is an interdisciplinary effort of the Haas School of Business, the College of Engineering, the iSchool, the College of Environmental Design and the College of Chemistry.  Students benefit from the diverse knowledge and experiences of an interdisciplinary classroom.

MOT courses include:

Students interested in technology are increasingly exploring Berkeley-Haas’ strong energy and clean technology offerings.  The Energy Institute at Haas sponsors numerous courses and experiential learning opportunities.

Student-initiated courses, such as Topics in Technology, Managing Internet and Digital Media Products and Alternative Energy Speaker Series, bring real-life practitioners from top firms to the classroom and deliver first hand insights on critical issues in the technology field.  Students frequently will have an opportunity to meet with the speaker in a small group setting or over dinner.

In addition to technology-focused courses, Haas’ general management curriculum teaches students fundamental business concepts – from accounting and finance to marketing and strategy.  Through core and elective courses, experiential learning and a global focus, the Berkeley MBA Program helps students develop skills to become innovative leaders.

3.  Which school clubs and extra-curricular events are most relevant to people interested in technology?

Providing students with hands-on exposure to real-world business situations is a key strength of the Berkeley MBA Program.  Experiential activities are required for graduation, and numerous out-of-the-classroom initiatives give students the opportunity to build on their technology skill set. 

  • Clubs: Most students take a leadership role in the industry club that aligns with their career interests, such as the Haas Technology Club.  Many also join an industry club in which they’d like to focus, such as the Digital Media & Entertainment Club or the Berkeley Nanotechnology Club.   The clubs aim to educate students on career paths in technology, connect them with alumni in the field and prepare them for job interviews.
  • Business Competitions: Case competitions challenge students to apply classroom learnings to real-life business problems.  In recent years, students have participated in case competitions with Apple, Facebook and Hewlett Packard.  In 2010 Berkeley-Haas students took first place in the 8th Annual Innovation Challenge, earning them the title of “America’s Most Innovative MBA Team” from over 100 competing teams.
  • >play Digital Media Conference: >play brings over 500 attendees to campus for a day-long dialogue on digital media in an immersive, interactive and entertaining environment. Keynote speakers in 2010 were Chris Anderson, Editor-in-Chief of Wired magazine and Dr. Michael Johnson, Moving Pictures Group Lead at Pixar Animation Studios.
  • Industry Leaders at Haas: Each year, distinguished leaders are brought to campus to share their real-world experiences and insights.  Recent speakers with a technology bent include Paul Otellini, CEO of Intel, John Chambers, CEO of Cisco, George Lucas, Founder and Chairman of Lucasfilms and Biz Stone, Co-founder of Twitter.
  • Energy and Clean Technology:  Energy and clean technology is an increasingly popular area of emphasis for Berkeley-Haas students.  The Berkeley Energy and Resources Collaborative (BERC), the Energy Institute at Haas, and the UC Energy Institute facilitate numerous courses and experiential learning opportunities, including Cleantech to Market.
  • Haas@Work: This experiential learning course gives students an opportunity to develop innovative recommendations to address a competitive challenge posed by the sponsor company. The strongest recommendations are then added to the client’s business roadmap for implementation.  Haas@Work projects often have a technology component, and sponsor companies have included Cisco, SunPower, Hewlett Packard, Autodesk and Applied Micro.
  • Career Management: The Berkeley-Haas Career Management Group was ranked #4 nationwide by recruiters in a 2008 BusinessWeek survey.  Career Management plans workshops, panels, networking events, job fairs, company visits and receptions specific to all phases of the marketing job search.  They also work closely with the clubs on a Technology Firm Night, attracting dozens of companies for technology specific roles nationwide.

Hear more about technology directly from Haas students on the Berkeley MBA Student Blog, the MOT Blog or the Design Thinking Blog.

4.  Since “technology” is a very broad term, can you break down some of the some of the sub-categories in the field that Haas excels in?

  • High Tech: Through the Management of Technology (MOT) program, Berkeley-Haas students will have access to courses around design, new product development, open innovation and innovation strategy and entrepreneurship.  Students who pursue this path will frequently take post-MBA roles such as Product Marketing Manager, Product Manager, Business Development Manager, Product Planner, Corporate Development Manager and Strategy Manager, among others.
  • Energy and Clean Tech: Additionally, students with an interest in Energy and Clean Technology can take advantage of the Energy Institute at Haas, a joint venture with the UC Energy Institute.  Courses in energy and clean technology prepare students to lead businesses that address the market, policy and technological challenges of the energy industries.

5.  Which five technology firms recruit the most Haas graduates? What kinds of positions did they go into?

Berkeley-Haas remains one of the world’s leading centers for the study of technology.  Approximately 25-30% of students gain full-time employment in the technology sector after graduation.

In 2010, the top technology employers at Haas included Amazon, Apple, Autodesk, Cisco, Facebook, Google, Hewlett Packard, Microsoft, VMWare, Yahoo! and Zynga.  Graduates typically pursued the following roles: Product Marketing Manager, Product Manager, Business Development Manager, Product Planner, Corporate Development Manager, Senior Financial Analyst, Strategy Manager and Operations Manager.

In addition, Berkeley-Haas graduates are increasingly pursuing jobs in energy and clean technology.  Most recently, 11% of the graduating class landed in the energy field.  Top recruiters in 2010 included Bloom Energy, PG&E and SunPower.

Learn more about the technology career paths post-MBA from recent graduates:

Learn more about careers post-MBA, view an employment snapshot of recent graduates or see a list of firms that recently recruited on campus.

By Morgan Eckles, Assistant Director, Haas Full-Time MBA Admissions.

Download Accepted’s new special report, MBA Action Plan, for practical tips on what you can do now to increase your chances of getting in to a top business school next year. (P.S. It’s free!)