UCLA Anderson Bags $100 Million Gift

Be sure to visit our UCLA Anderson Zone page! UCLA’s Anderson School of Business has announced a $100 million gift from philanthropist Marion Anderson, whose late husband John Anderson is the school’s namesake.

Sixty million dollars of the gift will go towards an endowment supporting student fellowships, faculty research, and innovative program development, while the remaining $40 million will go towards the construction of a new building.

Judy Olian, Dean of UCLA Anderson and the John E. Anderson Chair in Management, said, “From student fellowships to faculty recruitment and retention, to innovative research programs and the state-of-the-art facilities that will house them, Marion Anderson has enabled our future and empowered us with her confidence in the path we are taking.”

Marion Anderson, chair of Topa Equities, is an active member of both the UCLA and broader Los Angeles communities. She is a member of the UCLA Anderson Board of Visitors executive committee and the Centennial Campaign for UCLA executive committee, as well as the Children’s Hospital Los Angeles board of trustees. An endowed professorship and a courtyard at UCLA Anderson are named in her honor.

This substantial gift (the largest in the school’s history) launches the Anderson School’s “Into the Next” campaign—a $300 million fundraising campaign that is part of UCLA’s broader $4.2 billion Centennial Campaign, set to culminate in 2019 with the university’s centennial. It brings the total donated by Marion Anderson and her late husband to $142 million.
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• U.S. News 2016 Best Graduate Business Schools

U.S. News 2016 Best Graduate Business Schools

U.S. News released its graduate school rankings today. Let’s see how our top b-schools fared…

Top 20 U.S. B-Schools – 2016

Visit our b-school zone page for info on the top business schools.1. Stanford GSB (1)
2. Harvard Business School (1)
3. UPenn Wharton (1)
4. Chicago Booth (4)
5. MIT Sloan (5)
6. Northwestern Kellogg (6)
7. UC Berkeley Haas (7)
8. Columbia Business School (8)
9. Dartmouth Tuck (9)
10. UVA Darden (11)
11. NYU Stern (10)
11. Michigan Ross (11)
13. Duke Fuqua (14)
13. Yale SOM (13)
15. UCLA Anderson (16)
16. Cornell Johnson (17)
17. Texas McCombs (15)
18. UNC Kenan-Flagler (19)
19. Washington Olin (22)
20. CMU Tepper (18)

25% of US News rankings is made up of survey responses from business school deans and directors; 15% is based on recruiters’ survey responses. The remaining 60% is based on statistical data reflecting program selectivity and placement success. (For details, read up on U.S. News methodology.)

Here are some highlights from the Poets & Quants article on the rankings:

• Last year’s three-way Stanford/Harvard/Wharton tie was broken this year with each school taking one of the first three spots (Stanford in first, HBS in second, and Wharton in third).

• The P&Q article states that Wharton’s slip to third is due to lower peer assessment and corporate recruiter survey scores.

• Wharton also reported an acceptance rate of 20.7%, up from last year’s 18.7% — this is another metric used by U.S. News in their methodology.

• Another factor contributing to Wharton’s position this year is its position regarding salary and bonus. Last year it took top slot at $141,243, while this year it slipped to fourth place at $142,574 – yes, higher than last year, but this year, Harvard, MIT, and Stanford reported even higher salaries/bonuses (HBS took the cake at $144,936 this year).

• Stanford’s top stats this year: average GMAT – 732; average GPA – 3.74; acceptance rate – 7.1%.

• In the top 20, there weren’t significant changes beyond a given school moving up or down a couple places. But further down in the rankings there were some big shifts. Texas A&M jumped 10 places to 27th place (tied with Carlson); Wake Forest jumped 13 places to 45th place; and Louisville moved up at least 31 places to 71st place – it was previously unranked.

• Big drops include Missouri Trulaske which fell 21 places from 58th to 79th place; Pepperdine Graziadio which fell at least 25 places, from last year’s 76th place to its unranked position this year.

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

Are You Misusing the B-School Rankings?

Accepted: The Premier Admissions Cosultancy

Related Resources:

• Financial Times Global MBA Rankings 2015
• What’s an MBA Really Worth?
• PayScale: How Much Can You Earn, and How to Earn It?

Entrepreneurship at UCLA Anderson

Listen to our complete interview with Elaine Hagan and Angela Klein!Well before “entrepreneurship” was a household word, UCLA Anderson was one of the first b-schools to teach it. Decades later, they are still going strong.

Listen to the full recording of our podcast interview with Elaine Hagan, Executive Director of the Price Center at UCLA Anderson, and Angela Klein, ‎Program Manager at Anderson, for the scoop on entrepreneurship at UCLA.

00:01:41 – Featured Applicant Question: Should I take seriously an email from an admissions committee encouraging me to apply and even offering help?

00:05:48 – Introducing Elaine Hagan and Angela Klein.

00:07:04 – What the Price Center does for ULCA Anderson students.

00:10:10 – Changes to teaching entrepreneurship over the past 10 years.

00:11:46 – Can the “the mindset of an entrepreneur” be taught?

00:15:30 – Anderson’s approach to teaching entrepreneurship.

00:20:35 – The Knapp Venture Competition.

00:25:40 – Benefits of working for an established company first

00:28:35 – Ingredients of a successful entrepreneur.

00:30:38 – The difference between guy and gal entrepreneurs (and a word about international differences, too).

00:33:58 – What future entrepreneurs should do before arriving on campus.

00:36:46 – Will writing, “I want to study entrepreneurship” on your application convince the adcom? (And what Anderson hates more than anything else.)

Listen to the full conversation to learn more!*Theme music is courtesy of podcastthemes.com.

Related Links:

UCLA Anderson Price Center 
UCLA Anderson 2015 MBA Essay Tips
• “Start-up Costs for MBA Graduates Pay Off” from the Financial Times

Related Shows:

• MBAs Across America: The Coolest HBS Internship
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• Making International Student Loans a Prime Investment

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UCLA Anderson Student Interview: Enjoying the MBA Whirlwind

Want to read  more MBA student interviews?  Click here!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 for a chat with Tom Winterton, a first year student at UCLA Anderson.

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 pre-MBA job?

Tom: I grew up in Nantwich, a small market town in north of England and completed my undergraduate degree in Physics with Finance at the University of Surrey. A slightly unusual combination but it stood me well in getting a job in financial services in London where I worked for a number of banks.

My last role was as a Strategy Development Analyst at Brewin Dolphin, one of the UK’s largest investment management and financial planning firms.

Accepted: Where are you currently in business school? What year?

I’m a 1st year full time MBA at the UCLA Anderson School of Management in Los Angeles.

Accepted: What’s your favorite thing about Anderson? And if you could change one thing about the program, what would it be?

Tom: My favorite thing about Anderson would have to be the school’s culture of shared success. Be it 2nd year students paying it forward through the career sessions they run, to the fact that MBAs competing for intern and full time positions regularly prep together ahead of interviewing for the same role. This supporting environment couldn’t be more different from uber competitive experience often associated with business school. While everyone is certainly pushing to land top positions at some of the most sought after companies, its important our class mates get there too and everyone’s committed to this principal of shared success.

They try to pack a lot into the MBA course and that’s especially true in your first few quarters. On top of that, UCLA operates on a quarter systems which seems to only compound this busy schedule.

If I could change one thing about the program it would be to start a bit earlier in the year and give 1st year students a little more time in the first quarter. I found this a big crunch time with recruiting and finals all in full swing. You find yourself living inside the business school bubble, neglecting friends from home as you become obsessed by informationals, GPAs, interview prep and all things MBA.

Accepted: Now that you’ve well into your first year of b-school, can you talk about your transition back to school? Is b-school what you thought it would be like? Any surprises? Any advice for next year’s incoming class?

Tom: It fair to say I’ve found the transition back to school at bit of a shock to the system. If it were only about being back in the class room that would be one thing, but the truth is you end up having to perform a juggling act skipping between company presentation, case competitions, sorting out the administrative nightmare that comes with moving countries, informational interviews, group assignments and much more in between. Plus of course socializing with everyone in your new MBA class. Fear of Missing Out (FOMO) means for the first few months at least you’re compelled to sign up to as many things as possible. Often the academic work ends up being just one point on a long list of priorities.

My advice to incoming MBA students would be to clear the decks before your MBA. If you’ve got the time to get ahead with career research do so. Start doing informational interviews and building connections with companies you’re interested in as early as possible; it will pay dividends when it comes to recruiting.

While the MBA experience is great, be prepared, it’s a whirlwind. Don’t expect to have many evening or weekends to yourself, and let friends and family know they’re about to see a lot less of you.

Accepted: Do you plan on heading back to the UK after you receive your MBA? What are your post-MBA plans

Tom: I haven’t decided where I want to be after my MBA. Much of it will depend on how the recruiting process goes, my summer internship and the connections I’m able to make over the two years. That said studying at a US school, MBA recruiting is obviously skewed toward American companies, with a large proportion of students getting full time jobs through on campus recruiting.

California is home to so many of the world’s most innovative businesses and I’ll certainly be exploring all the opportunities it has to offer.

Accepted: What’s your favorite class so far?

Tom: I would have to say Marketing has been my favorite class so far. For the first few quarters your timetable at Anderson (like most MBA programs) is dominated by a core class – Accounting, Finance, Statistics, etc. While these were great, well taught with lively debate and new interesting content, I had some experience of them from my undergraduate degree and professional career.

While Marketing is still a core class, I came into it with almost no background whatsoever and I’m enjoying being exposed to a whole new strand of business.

I also enjoyed that fact that as opposed to my other core class there isn’t necessarily one right answer when it comes to Marketing. Different approaches, targeting different segments of the market can both be effective. There’s really room to be creative as you look for the best way to market a product. While I wouldn’t say I had a favorite assignment, it was interesting writing a “Positioning Statement” for yourself, in the context of a job market, dating market or otherwise.

Accepted: Can you share your top 3 MBA admissions tips with our applicant readers?

Tom:

• Really think about why you want an MBA and how it will help reach your future goals. Every school will ask this as one of their essay questions and you need to have a good answer that makes sense. This story becomes even more important as an MBA, when you start talking to companies and applying for internships. Recruiters need to see how your skill and experience fit together and relate to the role your applying for.

Don’t just look at the rankings when applying to programs; sure they matter but only up to until a point. Instead I’d recommend looking on where a school’s MBAs interned and accepted full time positions. Do the companies you’re interested in recruit on campus? Does the school have strong alumni connections in the industries and with the firms you wanting to work for?

A big part of the recruiting process is getting to know companies, networking and for companies to get to know you. You’re at a big advantage if your school already has those connections.

• If you’re able to, visit the school and sit in on a class or two. At a very minimum make sure you speak to alumni and current students; they’re the best source of advice when it comes to applying to a school. While I wasn’t able to visit Los Angeles before applying to Anderson, I was able to speak to a number of current alumni. I also had good friends who’d attended UCLA as undergraduates. This was invaluable when making my decision. Remember where you’re living will be a big factor in your MBA experience.

Accepted: Can you tell us about your blog? When and why did you start blogging? What have you gained from the experience?

Tom: I had to check the dates, I started my current blog some 2.5 years back now, with my first post in May 2012. I’d also experimented with a couple of other blogs and websites prior to this.

I think the initial interest came about went I was working on a project to develop online services for a bank. Working with developers I decided should really know a bit more about how to build a website, having learned little to nothing in school. The blog developed out of this curiosity, I liked the thought of creating content and sharing it online, as well as experimenting learning bits of CSS and HTML to customize the site along the way.

What have I gained from my experience blogging? Well it’s really been an ongoing learning experience for me. From picking the basics of markup languages and web styling, to finding out more about different web services by experimenting with things like Google Analytics and Adwords. I’ve used it as a public record of what I’ve been up to, from hiking in Switzerland to my sharing my MBA orientation week experience; it’s a great way to add context and tell a story with the photos you’ve taken.

If nothing else it’s fed my curiosity and added a few lines to the interests section of my resume.

For one-on-one guidance on your b-school application, please see our MBA Application Packages

You can read more about Tom’s journey by checking out his blog, Tom’s Blog. Thank you Tom for sharing your story with us – we wish you loads of luck!

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Accepted: The Premier Admissions Cosultancy

Related Resources:

• MBA Rankings: What You Need to Know
• UCLA Anderson 2015 MBA Questions, Deadlines, Tips

QS Global TopMBA Rankings 2014

TopMBA’s new 2014/2015 global report ranks business programs according to geographic location based on surveys completed by 5,669 actively-hiring MBA employers and 7,187 academics in the field of business and management. (See more about the methodology here.)

Top 20 B-Schools in North America

Learn how to make the business school rankings work for you, not against you!

Some highlights:

•  The top 10 remained virtually the same this year as last, with two rather large exceptions: Ross and Stern entered the top 10 scene from 12th place to 8th place for Ross and 12th place to 10th place for Stern. Losing top 10 stature this year were Duke Fuqua which fell from 10th to 13th place and Toronto Rotman which fell from 8th to 14th.

•  There were three newcomers to the top 10 this year – NYU Stern (see above), Texas McCombs (29th last year to 19th this year), and BU School of Management (24th to 20th). HEC Montreal fell from the top 20 (16th place last year to 22nd this year), as did York Schulich (13th to 28th) and Queen’s School of Business (18th to 31st).

•  Big jumpers further down in the rankings include USC Marshall (42nd to 23rd), UC Irvine Merage (51st to 33rd), UC Davis (54th to 36th), Michigan State Broad (71st to 38th), UC San Diego Rady (61st to 40th), Ohio State Fisher (60th to 42nd), UT Dallas Naveen Jindal School of Management (83rd to 45th), Washington Olin (83rd to 47th), and Minnesota Carlson (87th to 49th).

•  Big droppers include UVA Darden (28th to 37th), University of Miami School of Business Administration (32nd to 77th), Rutgers Business School (67th to 82nd), and Vanderbilt Owen (37th to 86th).

Top 20 B-Schools in Europe

Learn how to make the rankings work for you and not against you!Some highlights:

•  HEC Paris jumped from 10th place last year to 4th place this year and Cambridge Judge jumped from 13th to 10th place; otherwise, the top 10 in Europe remain pretty much the same. Copenhagen fell from the top 10, from 9th place last year to 12th place this year.

•  New to the top 20 this year are ESSEC (29th place to 16th place), Manchester Bossiness School (27th to 14th place), and European Business School (21st to 19th). Trinity MBA in Dublin fell from the top 20, from 12th place to 21st

•  UK programs dominate the 65 schools on the European list with 26 programs represented. This is followed by France (9), Spain (5), Switzerland (4), Germany (4), the Netherlands (4), Italy (3), Denmark (2), Ireland (2), Greece (2), Finland (1), Portugal (1), Turkey (1), and Belgium (1).

You can download the full report here.

Are You Misusing the B-School Rankings?

Accepted.com: Helping You Write Your Best

Related Resources:

• Businessweek Rankings 2014
• 2014 Economist MBA Rankings
• MBA Rankings: Why Should I Care?