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!)


MBA Admissions: UC Berkeley Haas and Entrepreneurship

  

This post about Haas and entrepreneurship 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 an entrepreneurial career?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.

    Entrepreneurship at Berkeley-Haas is ranked among the best in the world. Candidates who wish to pursue a post-MBA career in entrepreneurship should demonstrate at least one of the following pursuits through their application: previous entrepreneurial or start-up involvement, professional experience in business model evaluation, or progress towards a specific business concept with demonstrated passion in the field. Candidates who are making a career-switch into entrepreneurship 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 general admissions criteria or download the Haas Student Guide to Entrepreneurship & Innovation.

  2. What aspects of your curriculum do you feel are best suited to students who want to pursue entrepreneurship?Berkeley-Haas is one of the world’s leading centers for the study and practice of entrepreneurship.  Through academic and experiential learning, the Berkeley MBA Program offers students the skills and knowledge to launch fast-growth, high-potential enterprises and teaches them how to start careers in venture capital.

    Students interested in entrepreneurship have access to elective courses in entrepreneurship designed to assist them across all stages of the innovation process.

    Some in-demand entrepreneurship courses include:

    In addition to entrepreneurship-focused courses, the Berkeley MBA Program’s 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 entrepreneurship?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 entrepreneurial skill set.

    The Lester Center for Entrepreneurship in Innovation is the primary locus at Berkeley for the study and promotion of entrepreneurship and new enterprise development, both inside and outside of the classroom.  Students can take advantage of numerous experiential learning opportunities through the Lester Center, including:

  4. Since “entrepreneurship” is a very broad term, can you break down some of the some of the sub-categories in the field that Haas excels in?
    • Technology-Based Entrepreneurship – Exploring the innovative potential of versatile and scalable technologies to solve customer needs.
    • New Venture Financing – Addressing the full range of funding sources and roles that entrepreneurs may need to involve over the lives of their ventures.
    • Regional Entrepreneurship Acceleration – Organizations that strive to develop entrepreneurial ecosystems that create innovative opportunities for their citizens. Countries from Brazil and Spain to Russia, India and China have made this agenda a top priority.
    • Corporate Entrepreneurship and Innovation - Established enterprises recognize their futures depend on continual innovation in creating value for customers and investors.
    • Social Entrepreneurship - A new breed of entrepreneurs is tackling some of the world’s most urgent challenges – from global poverty to global warming – through sustainable ventures that do not rely on private philanthropy, corporate social responsibility or government support.
  5. What percentage of the class joins a start-up or starts their own company upon graduation? Within approximately 5 years of graduating Haas?  What companies did they start or start-ups did they join? Berkeley-Haas remains one of the world’s leading centers for the study and practice of entrepreneurship.

    Some companies with their roots in the Berkeley-Haas community include Revolution Foods, Carsala, TubeMogul, Aurora Biofuels, Yardbarker, Mozes, Acumen Medical, World of Good and BrightSource Energy.

    Learn more about successful entrepreneurs and leaders in the Haas community, including alums, faculty and distinguished professionals.

    The Lester Center also hosts the Startup Board of Mentors, themselves entrepreneurs and investors,whose goal is to guide companies to success.  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.


MBA Admissions: UC Berkeley Haas and Marketing

  

This post about Haas and marketing 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 marketing?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.

    Marketing at Berkeley-Haas is ranked among the best in the world. Candidates who wish to pursue a post-MBA career in marketing should demonstrate at least one of the following pursuits through their application: previous work experience in a marketing function, related extracurricular involvement with a leadership role or comprehensive research into specific positions or organizations for post-MBA employment in marketing. Candidates who are making a career-switch into marketing 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 general admissions criteria or download the Haas marketing brochure.

  2. What aspects of your curriculum do you feel are best suited to students who want to eventually pursue a career in marketing?A solid general management foundation is a prerequisite for a career in marketing. Haas’ general management curriculum teaches students fundamental business concepts – from accounting and finance to strategy and marketing. Through core and elective courses, experiential learning and a global focus, the Berkeley MBA Program helps students develop skills to become innovative leaders.

    Elective courses comprise over 60% of the curriculum, and students begin to customize their own course of study in the first year of the program. Students have access to numerous elective courses in marketing, designed to prepare them for the rigors of a career in the field.

    Students can choose from a range of marketing electives specific to their area of interest:

    In addition, student-initiated courses such as CMO Insights Series, Managing Internet and Digital Media Products, and Careers in Marketing bring real-life marketers from top firms to the classroom and deliver first hand insights on critical issues in the marketing field. Recent speakers include leaders from Apple, Clorox, Facebook and Gap.

  3. Which school clubs and extra-curricular events are most relevant to people interested in marketing?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 marketing skill set.
    • Clubs: Most students take a leadership role in the industry club that aligns with their career interests, such as the Haas Marketing Club. Many also join an industry club in which they’d like to focus, such as the Digital Media & Entertainment Club or the Design & Innovation Strategy Club. The clubs aim to educate students on career paths in marketing, 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. There are a number of marketing competitions, including the Elite Eight Brand Management Case Competition where Berkeley-Haas has taken first place in four of the last six years. 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. Other recent case competitions have been with Facebook and Apple.
    • Industry Leaders at Haas:  Each year distinguished leaders, and innovators are brought to campus to share their real-world experiences and insights. Recent speakers with a marketing bent include Clorox CEO Donald Knauss, Levi Strauss President and CEO John Anderson, IDEO General Manager Tom Kelley and Twitter Co-founder Biz Stone.
    • 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 marketing component, and sponsor companies have included Clorox, Virgin America, The Walt Disney Company, Cisco and Visa.
    • Career Management: The Berkeley-Haas Career Management Office 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.

    Learn about other extracurricular activities directly from Haas students on the Berkeley MBA Student Blog. Browse the blog library or find marketing specific posts using relevant keywords.

  4. 4. Since “marketing” is a very broad term, can you break down some of the some of the sub-categories in the field that Haas excels in?From the curriculum perspective, Berkeley-Haas courses equip students with the strategic, quantitative and innovative skills they need to succeed post MBA. Specifically, courses investigate substantive issues such as pricing, market entry, distribution channels, consumer choice, role of emotions, and managerial decision making.

    Post-MBA, Berkeley-Haas students transfer the knowledge gained from the curriculum and experiential learning to various marketing functions. The most common include:

    • Associate Brand Manager, such as at a consumer packaged goods firm like Clorox, Del Monte or Unilever. In these roles, graduates typically manage the P&L for a product category, similar to a general manager role.
    • Product Marketing Manager, more typical of a technology firm like Apple, Microsoft or Salesforce. In these roles, graduates commonly manage the outbound marketing decisions related to pricing, promotion and customer targeting.
  5. Which five marketing 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 marketing. Approximately 20-25% of students gain full-time employment in a marketing function after graduation, from product marketing in technology to brand management in consumer packaged goods.

    In 2010, dozens of firms recruited on campus for marketing functions. Some of the top employers include Amazon, Apple, Clorox, Del Monte Foods, Facebook, Google, Microsoft and Salesforce.

    Learn more about the marketing career paths post-MBA from upcoming 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.


MBA Admissions: UC Berkeley Haas and Finance

  

This post about Haas and finance 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 finance?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 finance should demonstrate at least one of the following pursuits through their application: previous work experience in a finance function or industry, extracurricular involvement in finance with a leadership role, or comprehensive research into specific positions or organizations for post-MBA employment. Candidates who are making a career-switch into finance 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 the Finance Program at Berkeley-Haas or read up on general admission criteria.

  2. What aspects of your curriculum do you feel are best suited to students who want to eventually pursue a career in finance?Elective courses comprise over 60% of the curriculum, and students begin to customize their own course of study in the first year of the program. Students have access to numerous elective courses in finance, accounting and economic analysis, designed to prepare them for the rigors of a career in the field.

    Students can choose from a range of finance electives specific to their area of interest:

    In addition, student-initiated courses bring finance leaders and practitioners to the classroom for first hand insights. These courses have included The Private Equity Speaker Series, Investment Speaker Series, Microfinance and Real Estate Speaker Series. Each year students initiate new finance speaker series to reflect the interests of their classmates and current economic environment.

    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 finance? 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 business skill set.

    Finance courses are integrated with successful practitioners in financial firms. Students have the opportunity to develop skills outside the classroom through:

    • Clubs: Most students take a leadership role in the industry club that aligns with their career interests, such as the Haas Finance Club, Haas Investment Club and Haas Private Equity Club. In recent years, the clubs have organized career treks to Wall Street and Hong Kong, as well as an annual trip to meet Warren Buffett. Treks also explore career opportunities in the Bay Area and Southern California.
    • Conferences: The Berkeley Finance Conference is an annual event featuring top financial industry executives and academics, as well as students from the Haas MBA program. It is the only student-run finance conference on the West Coast.
    • Business Competitions: Case competitions challenge students to apply classroom learnings to real-life business problems. Berkeley-Haas students have participated in many nationwide competitions, such as the Wells Fargo Finance Case Competition (1st place), the Wharton Buyout Case Competition (3rd Place) and the UNC Kenan-Flager Alpha Challenge (3rd Place).
    • 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 finance component, and sponsor companies have included Visa, Wells Fargo and Charles Schwab.
    • Haas Socially Responsible Investment Fund: The Haas Socially Responsible Investment Fund (HSRIF) is the first and only student-led investment fund of its scale ($1M+) with a leading business school focused on both social and financial returns. HSRIF Principals are MBA and MFE students interested in finance and corporate responsibility. Through the Fund they have the opportunity to test the investment and corporate responsibility principles they’ve learned in the classroom, and to experience the complexities, challenges, and rewards of the investing world.
    • Industry Leaders at Haas: Each year distinguished leaders are brought to campus to share their real-world experiences and insights. Recent speakers with a finance bent include Janet Yellen, President and CEO of the Federal Reserve Bank of San Francisco, Nils Tcheyan, Director for Strategy and Operations, World Bank, and Laura Tyson, Member of the President’s Economic Recovery Advisory Board and Haas faculty member.
    • Career Management: The Berkeley-Haas Career Management Office 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 finance job search. For finance students, it has also facilitated outside programs such as Training the Street, Bloomberg and Factset.

    Learn about other extracurricular activities directly from Haas students on the Berkeley MBA Student Blog. Browse the blog library or find finance specific posts using relevant keywords.

  4. Since “finance” is a very broad term, can you break down some of the sub-categories in the field that your school excels in?The Berkeley-Haas Finance Program covers several sub-categories, including corporate finance and investment management. Classroom learning and experiential opportunities prepare students for careers in:
    • Investment banking (including industry coverage, for example technology or healthcare/biotech clients)
    • Investment management, including hedge funds
    • Corporate finance departments
    • Private equity
    • Venture capital
    • Economic development
    • Management consulting firms
  5. Which financial services firms recruit at Haas? How many graduates of your 2010 class received offers from each of these firms? Berkeley-Haas remains one of the world’s leading centers for the study of finance. Approximately 15-25% of students gain full-time employment in a finance function after graduation.

    In 2010, dozens of firms recruited on campus for finance jobs in investment banking, corporate finance, asset management, financial services, and private equity. A selection of firms includes Goldman Sachs, Morgan Stanley, JP Morgan, Citi, Barclays, Dodge & Cox, Franklin Templeton, Parnassus Investments, Scharf Investments and numerous others.

    Learn more about the finance career paths post-MBA from upcoming graduates:

    Students can also apply for the Haas Investment Banking Fellowship, awarded to a select number of students who are pursuing careers in investment banking. As a fellow, students receive a partial tuition credit, get paired with an industry mentor, and receive priority for finance courses and career treks.

    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.

MBA Career Goals and the Bschools that Support Them

  

In my recent post “2012 Applicants: Time to Poke The Box” I wrote that I had an idea, and inspired by Godin’s book on the value of initiative, I decided to just act on it.  I proposed to several top MBA programs that I ask them about strengths in their programs in terms of MBA career goals. I wrote then “hopefully you will see the fruits of my start in a few weeks right here.”

And you will. Starting this week, we will begin a series of posts highlighting the strengths of particular schools in specific areas including finance, consulting, marketing, entrepreneurship, general management, and more. The posts will be organized by school and career goal and tagged accordingly so that applicants will easily be able to search out or subscribe to exactly what they are looking for.

For each school and career goals we ask five questions. While there is some variation depending on the goal, the five basic questions are:

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

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

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

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

5.       Which X firms recruit at your school? How many graduates of your 2010 class received offers from each of these firms?

 

I am also pleased that Haas, a school that takes enormous pride in its innovative culture, stepped up to the plate and was willing to be the first school to participate in this series. Other schools are also working on their responses.

As anyone who reads anything I write on MBA admissions knows, I believe that your post-MBA career goal should guide your MBA admissions strategy. It is the cornerstone of a successful application. I hope this series will help you all develop a strong foundation as you launch your MBA applications.

By Linda Abraham, Accepted’s founder and president.

 

 

U.S. News Ranks Best EMBA Programs

U.S. News & World Report just released its annual Execute MBA rankings, which we’ve posted below.

Top 10 Best Executive MBA Programs

1. University of Pennsylvania Wharton

2. Chicago Booth

3. Northwestern Kellogg

4. Duke Fuqua

5. Columbia

6. NYU Stern

6. UCLA Anderson

8. Michigan Ross

9. UC Berkeley Haas

10. UNC Kenan-Flagler

You’ll see that this list varies only slightly from the Poets & Quants best EMBA list that we posted yesterday. You can also compare this list to U.S. News‘ list of best business schools and you’ll find that if a school is regarded as the best for its MBA program, then it likely offers a top EMBA program as well. 

(Please see U.S. News‘ “Business School Rankings Methodology” for details on how these programs were chosen.)

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