- Bonuses Go Down- BusinessWeek announced that bonuses on Wall Street will go down and not up in the next three years, according to an eFinancialCareers.com survey. While the 50% of the survey respondents at hedge funds and boutique banks still expect their bonus to go up from last year, analysts are predicting that employees at large investment and commercial banks are likely to see lower bonuses. The good news: 92% of respondents expect at least some kind of bonus this year.
- ISB Doubles its Scholarships- The Indian School of Business announced that it will double the funds available for scholarships for the incoming class of 2013. Since 1 in every 7 students receives financial need or merit-based scholarships—funding 25%-50% of their education—these additional funds will make a huge difference.
- GMAC Board Becomes More International- MBA Universe looks at the three new board members that have been appointed to the Graduate Management Admissions Council (GMAC) board of directors. For the first time ever, one of the new members is the dean of the Indian School of Business, Ajit Rangnekar. Rangnekar’s place on the board highlights the rising prominence of Asian business schools on the international stage.
Accepted.com ~ Helping You Write Your Best