- A Duke Fuqua news release reports that optimistic business school graduates fare better in the job search than do pessimists. The research shows that those with an optimistic disposition won’t just have better career prospects, but will spend less time and effort job searching. Furthermore, once in a secure position, optimists are more likely to be promoted within the first two years than are their pessimistic peers. One reason for such success among optimists is the fact that they are often more flexible, more articulate, and more personable—traits that job recruiters value immensely. Also, explains Cade Massey, one of the report’s collaborators, “[o]ptimists are more willing to disengage from unrealistic courses of action, and re-engage in more practical ones; they are more willing to adapt, and this seems to be part of the reason for their success.” These findings are based on a survey taken by 232 MBA students on their relative dispositional optimism. That data was then correlated to the students’ job search results.
- A recent New York Times article, “M.B.A. Raises Earnings by a Third, Survey Finds,” highlights some statistics from the London-based Association of MBA’s 2010 Career Survey. Some findings include:
o New MBAs receive a salary increase of about 33%. After 3-5 years after graduation, that increase jumps to 92%, and after 6-10 years post-graduation, the increase again goes up to 151%.
o Full-time, two-year MBA graduates earn about 33% more than graduates of part-time programs.
o The median salary for MBAs who work in British corporations is about £62,000 (or $102,000), compared to £52,000 for MBAs in the non-profit sector. Entrepreneurs in Great Britain earn a salary about £92,500.
o Men with MBAs earn more than women with equivalent degrees across all job roles.
- A Wall Street Journal article, “As World Turns, Wharton Adapts,” talks about the recent courses Wharton has added to its curriculum that focus on further exploring the global marketplace…in person. These short-term overseas classes are intended “to prepare…graduates for an increasingly global, fast-changing business environment.” As part of Wharton’s curriculum overhaul, the elite business school will also be increasing its focus on soft skills (like leadership and writing) as well as more analytical courses (like statistics and microeconomics). The school will also be offering its graduates free one-week executive education refresher courses once every seven years.
- The Daily Pennsylvanian recently published an article on the “invasion” of iPads into Wharton‘s classrooms. As part of the Wharton Computing pilot, two courses have given students free iPads and Bluetooth keyboards for the duration of the course to use for the participating courses, as well as for other courses and during their free time. The costly experiment has actually allowed Wharton to save money on printing costs. (Source: The Daily Pennsylvanian, “iPads become reality in Wharton classrooms“)
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