- What to Expect from an MBA- In an outstanding post, Robert F. Bruner, the dean of the Darden School of Business, shares what he feels is at the core of an MBA degree. By bringing forth the arguments of those who critique MBAs, Bruner clarifies what an MBA is and isn’t. He explains that Darden not only teaches theories and frameworks, but also gives its students opportunities to apply those theories. Even if graduates won’t be able to tackle everything right away, B-school will prepare them to be able to take on the most difficult tasks after a few years of experience.
- Tepper Takes New Path- The Wall Street Journal interviews Robert Dammon, recently appointed dean of the Tepper School of Business at Carnegie Mellon University, about the school’s new curriculum that begins next fall. Tepper will no longer just be known for teaching quantitative skills, but will also focus on leadership training and writing, as well as teaching finance and operations. Dammon also tells WSJ that the MBA program plans on expanding its class size by 50% in coming years.
- A PhD Shortage Can be a Good Thing- BizEd looks at how the changing nature of faculty at business schools has affected MBA education. While the number of academically qualified faculty has increased with Ph.D. numbers doubling in the past decade, so has the number of MBA students. As a result, there are more professionals than academics in the classroom—and this is a good thing according to the article. The faculty members that are professionals rather than academics bring “creative curricula and pedagogical innovations that are more market-focused, career-oriented, technologically supported, and globally immersive.”
- AACSB Takes on India- The Financial Times announces that The Indian School of Business is the first business school in India to be accredited by the AACSB (the Association to Advance Collegiate Schools of Business). Equis, the European equivalent of the American AACSB, has already accredited two business schools in India.
- MBA Gets Paid $675K…To Start!- Poets and Quants looks at the average salary of this year’s graduating MBA class. While the highest paying graduate was from Stanford Graduate School of Business and pulled in $675,000, that individual is the exception. Private equity firms and hedge funds usually hire the highest paid graduates, but the average starting salary is closer to $150,000 for a Stanford graduate. Not too shabby.
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