Classmates, Surfing and a Few More Reasons to Love Stanford GSB

Check out our Stanford GSB Zone page!This interview is the latest in an Accepted.com blog series featuring interviews with current MBA students, offering readers a behind-the-scenes look at top MBA programs. And now, introducing Michał Wiczkowski, a first year student at Stanford Graduate School of Business

Accepted: We’d like to get to know you! Where are you from? Where and what did you study as an undergrad? What other degrees do you hold? What is your favorite Polish food?

Michal: I’m Polish. Born and raised in Wroclaw. I moved to Warsaw to study at the Warsaw School of Economics – which I graduated from in 2008. As for food, just like everyone else that has ever tried them, I love the good old Polish ‘pierogi’. They are the best. :)

Accepted: How’s your Stanford GSB experience going so far? Has the program met your expectations? Are there any surprises or things you hadn’t expected?

Michal: As my old P&G boss used to say, it has met my expectations ‘left, right and center’. An amazing mix of great minds from all over the world. I mean, where else would you have a ‘Leadership Lab’ with a group of six people ranging from a TV producer from Ghana, a doctor from Zimbabwe with a Harvard Sc.D, through a PE analyst from China, a Public Finance IB analyst from the US, to a McKinsey consultant from Mexico. And to top it all, a dude from Poland.

Accepted: Which other MBA programs did you apply to? Why did you decide to pursue an MBA in the States rather than closer to home in Europe?

Michal: I applied to 3 MBA programs. I particularly wanted to pursue an MBA at Stanford because of the experiences I had with the program’s Alumni in Europe. I’ve never met people that would invest so much time and effort to help someone, selflessly. I mean, they couldn’t have cared less if I would’ve gotten in. And yet they did go that extra mile to help me. It was a good proxy for what I would find at the GSB. +400.

Accepted: How would you say you’re a good fit for Stanford?

Michal: I think curiosity and a great sense of humor is what I value the most in my classmates. I want to believe I have both of those qualities. Curiosity to challenge things that are sub-optimal or don’t solve a particular problem. And an ability to laugh at myself.

Accepted: What is your favorite thing about the GSB? Least favorite?

Michal: Favorite: classmates and surfing. Least favorite: rain in February and March. ;)

Accepted: What was your most recent pre-MBA job? Do you plan on continuing in that industry post-MBA or switching to a new field?

Michal: I had worked in brand management at P&G for 7 years. Loved it, learned a ton, but I came to the GSB with a goal to leverage the proximity of Silicon Valley and to use my marketing skills in the tech industry.

Accepted: What do you miss most about your hometown? And what’s your favorite thing about living in the U.S.? Do you plan on returning back to Poland once you graduate?

Michal: Well I miss my girlfriend for sure. I love the proximity of the ocean and the opportunity to surf (semi) regularly. My plans at the moment reach as far as the next summer. Things change so quickly at the GSB that it’s really hard to tell what I will do in June 2015.

Accepted: Can you tell us about your blog? Who is your target audience? How have you benefited from the blogging experience?

Michal: I started the blog in July 2013. Frankly it was a selfish attempt to store my thoughts about the upcoming 2 years of my life, so that in 20 years I can go back, remember all the fun times and laugh at all the ‘serious’ problems I had. :) And if anyone else finds it helpful, interesting or just amusing, that’s even better.

For one-on-one guidance on your b-school application, please see our MBA Application Packages. For specific advice on how to create the best application for Stanford see:

• Stanford GSB 2014 MBA Questions, Deadlines, Tips.

• Stanford GSB Application Tips Video.

• Stanford Sloan Master’s Program 2013 Application Essay Questions and Tips.

• Steer Your Way to A Stanford MBA, a free webinar.

• What Stanford is Looking for: Personal Qualities and Contributions.

• What Stanford is Looking for: Demonstrated Leadership Potential.

You can read more about Michal’s b-school journey by checking out his blog, WICZKOATSTANFORD.  Thank you Michal for sharing your story with us!

Applying to Stanford GSB? Check out our 2014 Application Essay Tips!

Accepted.com

2015 Best Business Schools Ranked by U.S. News

Check out our MBA Admissions 101 pages!U.S. News released its annual best b-school rankings, and we’re here to provide all the top rankings all in one spot!

2015 Best MBA Programs (last year’s rank in parentheses)

1. Harvard Business School (1)
1. Stanford GSB (2)
1. Wharton (3)
4. Chicago Booth (6)
5. MIT Sloan (4)
6. Northwestern Kellogg (4)
7. UC Berkeley – Haas (7)
8. Columbia (8)
9. Dartmouth Tuck (9)
10. NYU Stern (10)

2015 Best Executive MBA Programs (last year’s rank in parentheses)

1. Wharton (1)
2. Chicago Booth (2)
3. Northwestern Kellogg (3)
4. Duke Fuqua (4)
5. Columbia (4)
6. NYU Stern (6)
7. Michigan Ross (8)
8. UCLA Anderson (7)
9. UC Berkeley – Haas (10)
9. UNC Kenan-Flagler (9)
11. USC Marshall

2015 Best Part-Time MBA Programs (last year’s rank in parentheses)

1. UC Berkeley – Haas (1)
2. Chicago Booth (2)
3. Northwestern Kellogg (3)
4. NYU Stern (4)
4. UCLA Anderson (5)
6. Texas McCombs (7)
7. Michigan Ross (6)
8. Indiana Kelley (9)
9. Ohio State Fisher (8)
10. CMU Tepper (9)

Wondering how much rankings should play a roll in determining where you apply? Watch the video below for Linda Abraham’s answer:

Download our free special report: Best MBA Programs

Accepted.com

Top MBA Programs for Entrepreneurs

B-schools are always touting their entrepreneurial offerings, programs, and placement, so when we examined the employment reports of U.S. News’ top 25 business schools to see which schools send the most graduates into entrepreneurship, we were surprised to find that only thirteen programs provide this information in their employment reports.

Below you’ll find the results – the U.S. News’ top 25 MBA programs that reveal the number and percentage of 2013 grads who immediately founded their own businesses after completing their MBA:

School

# of 2013 Grads

Starting Their Own Business

% of 2013 Grads

Starting Their Own Business

Standford GSB 70 18%
MIT Sloan 37 9.5%
Wharton 59 7.5%
Harvard Business School 63 7%
Yale SOM 10 4.5%
UCLA Anderson 14 4%
Kellogg* 3%
Chicago Booth 17 3%
Columbia 18 2.5%
NYU Stern 2%**
Michigan Ross 8 1.5%
Duke Fuqua 4 1%
CMU Tepper 2 1%

* Numbers include all Kellogg MBA programs
** % of reported placements

Clearly, Stanford is way out in front in this horse race. MIT Sloan with its program in Entrepreneurship and Innovation is a distant #2, followed by HBS and Wharton in a tie for third place. Stanford and Sloan have long been known for entrepreneurship, but HBS and Wharton are generally thought of as financial services and consulting breeding grounds. In reality, both programs – without taking away from their strength in consulting and financial services – have sharpened the entrepreneurial saw over the last decade.

This comparison is useful for those of you who want to start your own business ASAP after earning an MBA. It is an indication of an entrepreneurial culture and education. And if entrepreneurial spirit and ultimately an entrepreneurial alumni network is important to you, then you need to know which schools are strong in this area and how they compare.

While this listing is useful, it still doesn’t tell the entire story of MBA programs’ entrepreneurial strength. Many business school grads will work for a few years to pay back loans and then start their own businesses. Among those, there will be a few grads who immediately enter a startup, so essentially they will initially be entrepreneurs on someone else’s dime. There are other MBAs who will work in entrepreneurial areas of established companies. None of these MBAs are reflected in the chart above, but all still benefited from their MBA program’s entrepreneurial education and culture.

Additionally, either we couldn’t find the data or schools don’t all publish these numbers. Consequently, the chart above is incomplete. Don’t automatically assume that programs we haven’t listed aren’t good for entrepreneurship. For example Haas has a highly entrepreneurial culture and many courses relevant to entrepreneurship, but we couldn’t find the number of 2013 grads who started their own business immediately upon graduation. Don’t let that lack of info prevent you from considering Haas if founding a startup is your dream. Similarly, Georgetown has many entrepreneurship resources (See Jeff Reid on Entrepreneurship at Georgetown). Finally, programs outside US News’ top 25, may be excellent for entrepreneurship, deserving of consideration, and easier to get into (For example, Babson).

As with almost all stats in MBA admissions – especially anything related to (un)rankings and comparing programs – take this data as useful information not as the be all and end all of evaluating the entrepreneurial value of different MBA programs. It is simply a succinct compilation of data that you should incorporate into the additional research you should do before deciding where to earn your MBA. Also consider:

• Entrepreneurial curriculum. What classes are offered? Are there opportunities to develop and work on a business plan?

• Extracurricular groups and activities. Are there venture capital competitions, clubs, events, etc.?

• The student profiles at specific schools. Are they entrepreneurial? Would you like to be on a project with them?

Now it’s time for me to get back to drafting that business plan on the back of a napkin.

If any school in the US News’ top 25 includes that data in their employment report and we missed it, or they published the data after we visited their site, please email saraw@accepted.com and we’ll add it.

MBA Admissions A-Z: 26 Great Tips

Linda Abraham By , president and founder of Accepted.com and co-author of the new, definitive book on MBA admissions, MBA Admission for Smarties: The No-Nonsense Guide to Acceptance at Top Business Schools.

The Stanford MSx Program for Experienced Leaders

Listen to the full interview!Do you need an advanced business education, but a full time MBA isn’t a good option for you? There is a fabulous option that you just may not have heard about yet.

Want to know more?

Listen to the recording of our recent interview with Mike Hochleutner – Director of the Stanford MSx Program, Stanford’s ‘one-year, full-time Masters of Science degree program for experienced leaders.’

00:02:31 – Stanford’s MSx program: What it is, whom it’s for, and how it came about.

00:05:58 – The evolution of the program & the influence of entrepreneurship.

00:10:23 – What the name change signified.

00:12:42 – Recent improvements to the program.

00:14:16 – Places to go and people to meet: the MSx trips.

00:20:28 – What the Stanford MSx Fellows have in common.

00:24:14 – The difference between the Stanford MBA and the MSx program.

00:27:54 – Career changing and career services.

00:34:19 – Sponsored students and career resources.

00:36:04 – 3 tips for developing leadership qualities in yourself.

00:41:58 – Want to apply to the MSx program? Here is what they are looking for.

00:47:27 – Goals! Why you need to know why you are doing what you are doing.

Admissions Straight Talk Subscribe to Admissions Straight Talk in iTunes so you don’t miss any segments! Stay in the admissions know.

*Theme music is courtesy of podcastthemes.com.

Relevant Links:

•  Ace the EMBAa free special report.
•  Executive MBA Application Essay Tips for Top Programs
•  Stanford Graduate School School of Business
•  
Stanford MSx for Experienced Leaders

Related Shows:

•  Dr. Douglas Stayman Shares the Scoop on Cornell Tech NYC
•  Global Business Leadership at Wharton’s Lauder Institute
•  Jeff Reid on Entrepreneurship
•  Interview with Anne Perigo, UM Master in Entrepreneurship
•  
Interview with Duke’s Sheryle Dirks

Subscribe to Admissions Straight Talk:

Subscribe to Admissions Straight Talk in iTunes!     Subscribe to Admissions Straight Talk in Stitcher!

FT’s Best Global MBA Programs in 2014

The Financial Times released its 2014 global MBA rankings! Read on for the list, the facts, the analysis, and the sources.

The List:

2014 Rank

3 Year
(Avg) 

School Country 
1 1 Harvard Business School USA
2 2 Stanford Graduate
School of Business
USA
3 4 London Business School UK
4 3 U Penn Wharton USA
5 5 Columbia Business
School
USA
6 6 INSEAD France/Singapore
7 8 IESE Business School Spain
8 8 MIT Sloan USA
9 10 Chicago Booth USA
10 15 Yale School of Management USA
11 12 UC Berkeley Haas USA
12 15 IMD Switzerland
13 11 IE Business School Spain
14 11 Hong Kong UST
Business School
China
15 15 Northwestern Kellogg USA
16 19 Cambridge Judge UK
17 17 Duke Fuqua USA
18 18 NYU Stern USA
19 19 CEIBS China
20 18 Dartmouth Tuck USA

To truly understand the rankings, much less use them, please see the methodology so you’ll know what’s being ranked. While there are twenty factors considered in the FT rankings, the FT methodology puts the most weight on increase in salary in $US PPP (Purchasing Power Parity) and weighted salary in $US PPP.

Poets and Quants criticizes the FT rankings for absurd results in calculating “Value for Money” as well as for having too many criteria and several criteria that really don’t reflect the quality of education. Others say that it is biased against U.S. programs.

Regardless of the criticism’s validity, the FT ranking is arguably the most cited ranking of global programs because it compares U.S. and international programs in one ranking and seems to do a better job of it than the alternatives. That prominence doesn’t mean these rankings are Gospel. It does mean you have a lot of data in a format where you can easily compare MBA programs from around the world on designated criteria.

The Facts:

Here are some fun facts about FT’s 2014 rankings:

• 7 of the top 10 and 12 of the top 20 programs ranked are US schools.

• Big jumpers this year include Boston University’s business school and Washington Forster, which each jumped 20 spots, to 75th and 58th place, respectively. Another big US jumper this year was USC Marshall which jumped 17 spots to 65th place. UNC Kenan Flagler jumped up 12 slots this year from its 3-year average rank, moving from #45 to #33.

• The biggest losers this year include Dublin’s Smurfit School (dropped 27 spots to 91st place) and Vlerick Business School (fell 16 places to 100th place), as well as the schools which disappeared off the list entirely: U of Iowa’s Tippie School (74th last year), Korea University Business School (86th last year), Incae Business School in Costa Rica (90th last year), Case Western’s Weatherhead School (94th last year), and others.

• Newcomers to the list include: UC Davis (98th), Wake Forest (94th), BYU’s Marriott School (93rd), and ESMT European School of Management and Technology in Germany (89th).

• In terms of geographic representation, the top 20 schools are all in the US, UK, Europe (France, Spain, Switzerland), China, and Singapore, but further down the list, other countries gain their spots: India comes in at 30th place with the Indian Institute of Management in Ahmedabad; SDA Bocconi in 31st place represents Italy; South Korea appears in 45th place with Sungkyunkwan University’s GSB; Canada’s first school on the list is Toronto Rotman at 51st place; Portugal follows with The Lisbon MBA in 52nd place (new to list); South Africa’s U. of Cape Town GSB comes in at 59th place; in the 62nd slot we have Australia’s Australian Graduate School of Management; and Brazil’s Coppead is in 79th place.

•  The city with the highest concentration of schools in the top 100 is (of course) Boston with six top b-schools – Harvard (1), MIT Sloan (8), Hult International Business School (61), BU School of Management (75), Boston College Carroll (82), and Babson Olin (95).

The Analysis:

While it’s fun to look at the changes – who climbed and who sank – for me the real lessons from this ranking are:

1. The top programs move and change very slowly. That lack of drama in these rankings is a better reflection of reality than the gyrations one sees outside the top twenty. Significant change takes time so sharp jumps and dives probably mean nothing. Sustained change in ranking has greater credibility – if you value the same qualities as the FT.

2. The one point made repeatedly in the commentary on this ranking, and it is the same conclusion I draw from both the FT ranking and the Forbes ranking, which both emphasize ROI and increase in salary, is this: The MBA education at top programs provides a solid return on investment for most students. The MBAs surveyed for the FT rankings started their MBA in 2008, just as the Great Recession hit, and graduated in 2010. These MBAs still report on average a 100% increase in salary over what they were making before they started business school.

There are obviously critics of graduate business education, specifically the MBA, and those detractors either believe an MBA isn’t valuable or that the value has declined. I agree with the latter group. However, the questions for today’s applicants are:

1. “Given my current professional background and salary and my anticipated salary after I earn an MBA, do the anticipated financial rewards plus increased job satisfaction justify the investment (both out of pocket and opportunity costs)?” The fact that those entering b-school ten or twenty years ago could anticipate a higher ROI is irrelevant. It is merely a historical curiosity and for you an unfortunate one.

2. “Is the full-time MBA – or whatever flavor you are considering – the optimal way for me to attain my MBA goals?”

FT, to its credit, also has an article on those claiming the MBA is not worth the effort. Sometimes they are right. Each one of you individually needs to examine your circumstances and goals to see if for you the MBA is an expensive waste of time and effort, or if for you it is likely to be worth both. Clearly, most of the people surveyed by Forbes, the Financial Times, and GMAC are in the latter group.

In this video  Della Bradshaw, FT’s Business Education Editor, discusses the results of this year’s FT Global MBA rankings including the finding that MBAs in the class of 2010 are now enjoying salaries double those they were earning before they entered b-school.

The Sources

• FT Global MBA Ranking 2014

•  FT: MBA Ranking 2014: Key & Methodology

•  FT: Big Names Dominate FT MBA Ranking Top Spots

•  P&Q: Winners & Losers in 2014 FT MBA Ranking

•  Accepted: 4 Ways You Should NOT Use the MBA Rankings

•  Accepted: MBA Rankings: What You Need to Know

Learn how to evaluate your profile to determine the best business school for you!

Linda Abraham By , president and founder of Accepted.com and co-author of the new, definitive book on MBA admissions, MBA Admission for Smarties: The No-Nonsense Guide to Acceptance at Top Business Schools.

Tim Eisenmann: Stanford GSB Student, Blogger, and World Traveler

Check out or Stanford GSB B-School ZoneHere’s a talk with Stanford Graduate School of Business student, Tim Eisenmann – a world traveler with a unique work history, set out to impact his surroundings and change the world! Read our interview below to hear about Tim’s experiences at Stanford, and then check out his blog, From PA to the World, for more info. Thank you Tim for sharing your story with us!

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

Accepted: We’d like to get to know you! Where are you from? Where and what did you study as an undergrad? What was your most recent job before you started b-school?

Tim: I was born and raised in Frankfurt, Germany. Starting with my high school exchange to the US when I was 15 I have always put a lot of emphasis on changing the environment around me which has led to me living in Germany, the US, Canada, Hong Kong, Poland and Rwanda.

Connecting people and facilitating transportation has always fascinated me, which was one of the reasons why I joined Lufthansa, the biggest European airline group, right after undergrad.

Most recently I was working on post merger integration issues and long-term sales strategy.

Accepted: On your blog you say that you’re searching for new inspirations for what to do in the future. Does that mean that you’re stepping away from aviation? Do you plan on entering a new industry? What do you plan on doing post MBA?

Tim: Honestly, I don’t fully know what I want to do. That’s one of the reasons I am at Stanford. Being with bright, motivated students from all over the world gives you exposure to a lot of different industries and functions. There are a few characteristics that my job after b-school needs to have though: international travel, a high performance team and the potential for large scale impact.

Stanford is doing a great job of providing opportunities in a lot of fields: be it through introductions to social entrepreneurs in Africa, meeting McKinsey partners for lunch or connecting you to VCs that might be interested in your start-up idea. I really feel that the world is you oyster in Palo Alto.

Accepted: Which other business schools had you considered? Why did you choose a U.S. program over one closer to home? 

Tim: Education is free in Germany, so most of my friends questioned my decision to spend tons of money on an MBA from a US school. I still feel I am making the right choice though. With an MBA one buys a network, a brand name and generalist business skills. For me it was always clear that especially for the first two factors one has to get an MBA from a top school in the US, which is why I applied to HBS and the GSB.

Accepted: Why did you choose Stanford GSB? How would you say you’re a good fit for that program?

Tim: There really isn’t a “good fit” at Stanford. I feel that I am like no one else in my class, but still there is the desire to change the world we live in and to have a lasting impact that resonates with most of us in some way.

Once I had offers from HBS and the GSB I realized that most doors in my future would be opened and it boiled down to where I felt I could become a better manager and grow as a person.

Given the small class size, the collaborative atmosphere and the strong emphasis on leadership, I figured that the GSB was the right place for me. And the constant sunshine doesn’t hurt either. :-)

Accepted: What’s your favorite class so far?

Tim: I am taking a course called “Design for Sustainable Abundance” at the design school this quarter. The design school focuses on human centered approaches to problem solving through design thinking. All classes in the d.school have MBAs, engineers, med school students and scientists work together on real life problems. In our case it is redesigning parts the food system to be more sustainable. We get 24/7 access to a playground for adults including a craft room, movable walls for sticky note brainstorming sessions and a microwave for late night ramen noodles.

Accepted: Can you talk about your internship in Kigali? And do you have an internship lined up for this coming summer yet?

Tim: After quitting my job at Lufthansa I felt like something totally different before b-school. Stanford connected me to a social entrepreneur (also a GSB grad) in Rwanda who tries to fight malnutrition by developing mushroom cultivation through an outgrower model in northern Rwanda. I got to work on the export to Uganda and Burundi, as well as on forming a Joint Venture with a Spanish partner to set up a lab for mushroom tissue replication. Yes, fairly random, but immensely exciting and a great learning experience to work with a small team in a challenging environment. If you want to learn more: Kigali Farms is always looking for motivated interns!

Regarding next summer, recruiting is already at full speed on campus. I am currently thinking about splitting my summer between two internships. One more traditional one doing management consulting in London or New York and the other one exploring more opportunities in the food processing sector in East Africa. Maybe not mushrooms, but mangos this time…

Accepted: Looks like you’re passionate about travel – how do you plan on fitting that into your future plan?

Tim: Over the course of the last years I have managed to each year spend at least 100h on a plane. I really enjoy having time for myself during the flight, then exploring new cultures and meeting new and old friends. Optimally, in the future I have a job that requires me to travel, but gives me the free time to actually explore the place that I am in. But with family in Germany, an interest in East Africa and a network of friends all around the world I am sure that I won’t ever experience a lack of travel opportunities.

Accepted: Can you tell us about your blog? Who is your target audience? How have you benefited from the blogging experience?

Tim: Since I don’t really have the time any more to write individual emails to family and friends I thought a blog would be right medium to keep everyone up to date. After a while I realized that I don’t have 1000+ friends, so there have to be some others that read my blog. It is great to know that my experiences can maybe help applicants or admits to make the right decision for themselves. I can only encourage everyone to check out my blog and leave a comment in case of questions. I’ll promise to answer them, because if they teach us one thing at the GSB it is that people development is the key to success and I’d be happy to see a lot of you at Stanford in the next couple of years.

For one-on-one guidance on your b-school application, please see our MBA Application Packages. For specific advice on how to create the best application for Stanford see:

• Stanford GSB 2014 MBA Questions, Deadlines, Tips

• Stanford GSB Application Tips Video

• Stanford Sloan Master’s Program 2013 Application Essay Questions and Tips

• Steer Your Way to A Stanford MBA, a free webinar.

• What Stanford is Looking for: Personal Qualities and Contributions

• What Stanford is Looking for: Demonstrated Leadership Potential

Check out the recording of our popular webinar "Steer Your Way to a Stanford MBA"

Accepted.com

Looking for MBA Application Essay Tips?

B-school applicants: Are you looking for advice to help you answer specific essay questions on top MBA applications? Are you looking for a resource that offers up-to-date advice for the questions found on THIS YEAR’S apps?

We’d like to introduce you to our updated special report, Top MBA Program Essay Questions: How to Answer Them Right! In this report, you’ll receive school-by-school, question-by-question advice on how to answer the questions on this year’s MBA applications.

Download your copy of "Top MBA Program Essay Questions: How to Answer Them Right"

If you want the most detailed advice available for creating the best MBA application possible, then you’ll want to download Top MBA Program Essay Questions: How to Answer Them Right! now!

Download your free MBA application essay tips now!

Accepted.com

Best B-Schools for Entrepreneurs

Want to get into to Chicago Booth? Register for our free webinar to learn how.

There’s also prize money involved – about $200,000 to split among the 30 winners of the New Venture Challenge at Chicago Both.

A recent Wall Street Journal article discusses the difficult mission of finding the right b-school for entrepreneurs. It lists the different rankings sites and the variety of results they offer for top entrepreneur-focused b-school programs: Businessweek puts Stanford at the top of the list; Entrepreneur magazine gives top marks to Michigan Ross; and Poets & Quants gives Harvard Business School the #1 spot.

The article also points out how different schools showcase their entrepreneurial strengths in different ways: Stanford touts the most startups per student as well as its access to investors; HBS highlights that its student ventures attracted the most funding; and Booth measures its start-up success by the number of ventures purchased or merged. Other programs emphasize their efforts to mix with other school departments, like Penn with its entrepreneur and engineering/computer science programs and CMU Tepper with its business/computer science co-led Center for Innovation and Entrepreneurship.

Focus on Chicago Booth

In the last year, at least eight Chicago Booth student ventures acquired or merged, in part due to the school’s New Venture Challenge – a program in which students present business plans (about 100 total) from which investors choose the top 30. The selected students then enroll in a course that helps them prepare their plans for investor pitches. There’s also prize money involved – about $200,000 to split among the 30 winners.

Check out our recent podcast interview for the lowdown on •	A law degree as a path to the business world   •	When to get an MBA and a JD •	Advice for anyone considering a degree in law or business and more!

Accepted.com

Which Schools are Good for PE/VC and VC-Backed Entrepreneurship

Browse through other episodes of Admissions Straight Talk.Admit it: You love the ring of ‘venture capital’ and ‘private equity.’

Enter Pitchbook, the ultimate resource for those looking for a future in PE/VC (and those looking for VCs to fund their futures).

Listen to the full recording of our conversation with Andy White, Senior Research Associate for Pitchbook for some great stats, info, and predictions that every PE/VC wannabe should know.

00:02:22 – PitchBook: Cat-and-mouse game or encyclopedia? (Or both?)

00:04:34 – “Top Universities Producing VC-backed Entrepreneurs.” Why this topic and why these schools.

00:07:54 – Several reasons that some schools just manage to produce more funding-receiving entrepreneurs.

00:13:55 – There is hope for you to get a PE/VC job if you don’t attend Harvard, Wharton, Stanford, Booth, Kellogg. But there is even more hope if you do.

00:19:11 – Another important factor for breaking into the VC industry: your pre-MBA work.

00:22:36 – Spreading the word about the world of VC & PE.

Admissions Straight Talk Subscribe to Admissions Straight Talk in iTunes so you don’t miss any segments! Stay in the admissions know.

*Theme music is courtesy of podcastthemes.com.

Relevant Links:

•  MBA in Sight: Focus on Finance
•  Accepted Blog: Posts on Entrepreneurship
•  PitchBook.com
•  PitchBook Blog
•   “Harvard, 4 Other Schools, Make Up Most MBAs at PE & VC Firms
•  “Top Universities Producing VC-backed Entrepreneurs
•  “Could You Live Without Private Equity?”

Related Episodes

•  Business, Law and Beyond: An Interview with John Engelman
•  Dr. Douglas Stayman Shares the Scoop on Cornell Tech NYC
•  From Luxury Marketing to Entrepreneurship: A Talk with Daria Burke
•  Jeff Reid on Entrepreneurship
•  Interview with Anne Perigo, UM Master in Entrepreneurship

Subscribe

•  Admissions Straight Talk on iTunes
•  Admissions Straight Talk on Stitcher

2013 P&Q Top B-School Rankings

Get application essay tips for the top b-school applications!

Harvard Business School is the top MBA program for the fourth year in a row.

The top 8 schools in the 2013 Poets & Quants b-school rankings remain unchanged from last year, with slots 9 and 10 merely swapping positions (Duke Fuqua moved from 10th place to 9th place and UC Berkeley Haas moved from 9th to 10th).

On HBS…

About Harvard Business School, top MBA program for the fourth year in a row, John Byrne, P&Q editor, says:

Despite less-than-flattering publicity generated by a New York Times’ front page story on gender inequality at Harvard, an MBA from the school remains the quintessential credential in business. No rival beats Harvard in the formidable resources it brings to the game: the outsized number of superstar professors, the diversity of its course offerings, the stellar quality of its students, the size and scope of its campus, and the career achievements of its alumni spread all over the world.

He goes on to sing praises for this year’s HBS entering class – an average GMAT score of 720, a 3.9% increase in application volume, a record high of women (at 41% of the class), and an average undergrad GPA of 3.67.

Other Highlights…

• Chicago Booth ranked ahead of Wharton for the fourth year in a row, making the top three Harvard, Stanford, and Chicago (H/S/C) instead of the traditional Harvard, Stanford, and Wharton (H/S/W).

• Wharton was the only school in the top 10 to see a decrease in its application volume this year with a 5.8% decrease.

• Booth saw the highest boost in app volume with a 9.9% increase.

• For top b-schools outside of the U.S., London Business School again took the top slot.

• Two big jumpers in the top 50 include U. of Washington which jumped 9 places from 33rd place to 24th and Georgia Tech which also jumped 9 places from 40th to 31st place.

The Top 20

2013 P&Q Rank and School 2012 P&Q Rank BW FT
1. Harvard Business School 1 2 2
2. Stanford GSB 2 4 2
3. Chicago Booth 3 1 6
4. UPenn Wharton 4 3 3
5. Northwestern Kellogg 5 5 8
6. MIT Sloan 6 9 5
7. Columbia 7 13 4
8. Dartmouth Tuck 8 12 10
9. Duke Fuqua 10 6 11
10. UC Berkeley Haas 9 14 7
11. Cornell Johnson 11 7 14
12. Michigan Ross 13 8 15
13. UVA Darden 12 10 16
14. UCLA Anderson 17 18 13
15. NYU Stern 14 16 12
16. CMU Tepper 16 11 19
17. Yale SOM 15 21 9
18. UNC Kenan- Flagler 19 17 21
19. Texas McCombs 18 19 22
20. Indiana Kelley 21 15 26

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