A few MBA admissions items of note:
- MIT announced the appointment of Dr. Steven D. Eppinger as interim dean of the MIT Sloan School of Management and Professors JoAnne Yates and S.P. Kothari as the school’s interim deputy deans. MIT continues to search actively for a permanent replacement for the previous dean, Professor Richard Schmalensee, who announced last September that he intended to step down at the end of this academic year after nine years at the helm.
- Haas reports that on-campus recruiting was up 23% this year and that salaries continue to rise steadily, albeit not dramatically. According to the Haas announcement, "The median base salary for new Berkeley MBA graduates this year was slightly under $103,000, compared to $100,000 in 2006. Early data shows students are receiving a mean signing bonus slightly under $21,000." Furthermore "More than half [the class] went into the technology and financial services industries, and 19% entered the consulting field. The top hiring firms this year are Google, Bain & Company, Deloitte Consulting LLP, Abbot Laboratories, Apple, Archstone Consulting, Autodesk, Bank of America, and McKinsey & Co. In addition, 16 graduates fulfilled their entrepreneurship dreams and are launching their own companies."
- PaGalGuy once again provides an excellent interview with a school representative. In this case, PaGalGuy grilled IMD Switzerland’s Director of MBA Admissions Katty Ooms Suter. As to be expected for a site based in India, the interview has some India-specific questions, but it also has valuable information for any and every applicant to IMD. One snippet from the interview: "The job market for the 2006 MBA class was fabulous. We had 60 companies on campus for 89 people looking for a job, as one was company sponsored. We generated over 200 job offers and some people had eight offers."
- The Wall St. Journal has an informative article on the latest sexy field in business school, if there is such a thing: private equity. The article discusses the somewhat symbiotic relationship between MBA programs seeking students with private equity experience and private equity firms seeking MBA’s with private equity experience. Actually is that symbiosis, incest, or a dog chasing its tail? In any case, the article discusses the business schools that have special programs in private equity and where private equity firms recruit: HBS, Tuck, Chicago, Wharton, and Columbia.
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