B-School Startups: Internship Sparks WorkerExpress

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January 5, 2011
MBA Express

NEWS  THIS WEEK'S TOP STORY DORM ROOM MOGULS B-School Startups: Internship Sparks WorkerExpress A company developed by a recent Stanford MBA grad helps connect employers with temporary hires   MORE TOP STORIES NEWSMAKER Q&A Slowly, Top B-Schools Gain in Diversity The Toigo Foundation's Nancy Sims talks about why MBA programs have not made bigger strides in minority recruitment—and what they can do about it B-SCHOOL NEWS Top B-School Stories of 2010 Hiring improved, applications tanked, two top programs got overhauls, and three more found new leaders. And that was just the beginning China Business Schools Hit Their Stride With demand for international MBAs outstripping supply, top b-schools on the mainland are getting better, and vying for recognition BEST B-SCHOOL BY SPECIALTY Specialty Rankings: MBA Programs Show Strengths Most MBA programs are good at something, even if they're not ranked among the greats. Lower-ranked schools take top honors for accounting, marketing, and more VIEWPOINT For Business Schools, Culture Matters To create a different kind of B-school graduate, a dean argues that a key first step is creating a different kind of B-school culture Are Business School Grads "Wealth Destroyers"? It's probably not too much of a sweeping generalization to say that if business schools serve any purpose at all it's to prepare graduates to be better stewards of their organizations. Yale Gets $50 Million For New Business School Campus Yale today announced that it has received a $50 million commitment to help fund construction of its new campus for the School of Management. BEST BUSINESS SCHOOLS 2010 Business School, Explained Is business school on your horizion? If so, get answers to all your questions on admissions, careers, and B-school life from the experts  B-SCHOOL FORUMS Visit BW Online's interactive forums for wide-ranging discussions about management education. Search through over 1,359,000 posts for topics that interest you. Join in today! Here are a few samples of recent messages: Getting into B-School — Retake GMAT After Admit in Top School From: peterLost To: All I'm admitted to a top-5 school My post-mba goal is to find a Consulting job preferably in a M/B/B/Del/etc). My gmat is not stellar (<700), but I think I can improve it in 30 points or so Do you think it is worth to do so? Would a "low" gmat (high 600s) decrease my chances of finding a job in Consulting? From: JinShil2 To: peterLost In short, your 690 SHOULD be fine. But it is on the low side of those M/B/B hire. I think if you can raise your score substantially (30 pts of more) with minimal effort, then go for it. But I wouldn't spend more than 20-30 hrs MAX since I don't think it has enough utility. From: peterLost To: JinShil2 thanks for your advice :) peter From: BosMBAasap To: peterLost I agree with Jin Shil but am slightly more encouraging of a retake. While you are no doubt in an enviable position school wise, I wonder (and don't know the answer) if in schools without grade disclosure if GMATs are weighted more to select people. Granted getting into a top school is a big deal by itself, but not everyone gets an interview that wants one there either. Suggest you email the school's consulting club. From: blindreason To: peterLost Agree w/ Jinshil. As far as I know, consulting recruiting is really a lot more about the networking you do once you start school to get an interview spot and how well you do on the interview. I would regard the GMAT score to be more of a tiebreaker for most people. From: 2012MBA To: peterLost no, this is stupid and a waste of time. people telling you to retake dont actually go to business school. let me add a bit of info and tell u that i know people that are interviewing with M for summer internships with <700 Getting into B-School — Foreign Students in US MBA From: linoooo To: All Hi guys, Having visited a bunch of US B-Schools, I have been surprised to find that few foreign students I have met had NO previous US experience. Some had a Bachelor from a US college, or had worked in the US prior to the MBA. Some even had a US passport even though they were counted as "foreign student" as they had a double nationality. What do you think ? What are your findings ? Thx Linoooo From: Vasco To: linoooo Which schools did you visit ? It's very commom that students have a international experience ( live, work ) especially in famous schools. During the admissions sessions I observed this question too From: linoooo To: Vasco Hi Vasco, I have been to Columbia, MIT, Ross, Booth and Anderson. When I met foreign students there, I was surprised to find that a significant part of these foreign students had already a US experience (had worked or studied). Of course, they had an international exposure (citizenship...) but they were not completely new to the US culture and methods wen entereing the MBA programme. Cheers Linoooo From: Vasco To: linoooo Thanks for you return. I´m living in Latin America and here is very commom the applicants who have lived abroad for years or months. ex: High school or exchange program (6 months) Do you have any other comments about these schools ? facilities, students profile etc.. especially in UCLA? Regards Vasco. Getting into B-School — Kelley: Zero Application Fees???? From: indianguy To: All Hi everyone. The Kelley School of Biz (Indiana University) has zero application fees on submission of online application. Does this mean that the college is really desperate to attract quality and in reality is not really a decent school? Also are there any other 'top-25' programs with zero online application fees? Help will be much appreciated. From: hdcdude To: indiaguy So, let's see: you are considering spending two years of your life in b-school, and $150,000 in tuition and other costs. And you are actually concerned with how you can save $200 on application fees? Focus on the best schools that fit your needs the best. If you are going to make such a big decision for yourself, don't let application fees come in the way. You don't choose a car based on which one comes with a free keychain... Yes, some schools will offer $0 application fee to attract more applicants (which reduces the acceptance rate, and thus eventually the ranking of the school), but that's not necessarily what you should care about. You should simply focus on applying to the best schools where you think you have a shot... From: Vasco To: hdcdude ok, but what your opinion about the school ? Brand recognition in USA, strength etc. Especially, because in the mid-west there are schools like Ross, Kellogg, Booth thanks ! From: indianguy To: hdcdude thanx for replying. not concerned about the 200 dollar fee at all. was just curious about whether other colleges in the top 20 were doing this too (cudnt find any other). Also, if u r from the US, have u got any credible source that can tell me something more abt the college beyond rankings? Something that can tell me whether it really is a top 20, as ppl in India dont seem to hav heard abt it (am talkin abt the i-bankin, PE, senior management crowd). For example, Cox is ranked 13th this yr but am sure many applicants will be sceptical. From: BosMBAasap To: indianguy Look at career reports for job placement on BW and search linkedin to see where graduates work. If those are the types of jobs you are interested in, good, if not then you have found your answer. As I hope you've already concluded, Kelley is less prestigious than Kellogg, Booth, and Ross. Kelley is a top 20-30 school whereas those three are top 5-12--which means they attract higher caliber candidates and recruiters. This newsletter is a FREE service provided by BusinessWeek.com. To sign up for other newsletters, cancel delivery, change delivery options or change your e-mail address, please go to our Newsletter Preferences page. If you need other assistance, please contact Customer Service or contact: Wanda Cooper BusinessWeek Customer Rights Communications Data Services 1995 G Avenue Red Oak, IA 51566 Phone: 1-800-635-1200 To learn more about how BusinessWeek.com applies this policy, you can contact our Marketing Department. Copyright 2009-2010 by BLOOMBERG L.P. ALL RIGHTS RESERVED. Terms of Use | Privacy Notice

B-School Insider Dear Reader: I'd like to take this opportunity to wish everyone a Happy New Year from the entire Bloomberg Businessweek B-Schools team. As years go, 2010 wasn't half bad: the job market for MBA talent began to recover, several business schools found new leaders, and two others overhauled their curriculums, charting a bold new course for the future. Here's hoping that 2011 will be a happy and prosperous year, for B-schools and beyond. If you've been busy opening presents or popping Champagne corks and haven't paid a visit to the B-Schools Channel recently (you know who you are) you have a lot of catching up to do. Over the past two weeks, we've published a roundup of the top B-school stories of 2010, a special report on b-schools in China, a ranking of the top MBA programs by academic specialty, an interview with Nancy Sims, who heads up the Toigo Foundation, about b-school diversity, and a feature on a new company started by a Stanford grad, part of our continuing series on b-school entrepreneurship. So pull up a chair. You've got some reading to do. Louis Lavelle Business Schools Editor Bloomberg Businessweek E-MAIL A FRIEND  |  GET RSS  |  NEWSLETTERS B-SCHOOLS NEW ON MBA INSIDER >> UCLA Anderson: Admissions Q&A MBA Admissions Director Mae Jennifer Shores explains what UCLA's Anderson school has to offer and what it takes to get in MBA Insider Subscribers Only Advertisement B-SCHOOLS MULTIMEDIA MBA >> London Business School Research Round Up As the financial and economic agenda moves from crisis to recovery, four faculty members offer their insights on what lies ahead for 2011 What’s Your Problem? Trouble at the office? In surveys, blogs, polls, and social media, BusinessWeek collaborated with readers to identify problems at work. Together we found answers.  IN YOUR FACE: THE FASTER, CHEAPER MBA Reader Dorothy Beach Writes: " People are losing patience with an MBA system that is too linear, not relevant so get it done as quickly as possible to get on with what is real. " Tell Us: Leery of Year-Long MBA Programs?     Tools & Features MBA Insider Check out this feature-rich area for advice and tools that will help you choose the right B-school -- and develop a strategy for getting accepted Full-Time MBA Rankings & Profiles BusinessWeek's Top 30 U.S. programs and Top 10 international programs. Plus, scan in-depth profiles of more than 300 full-time programs around the world The Best Undergraduate B-Schools Undergrad business programs are getting MBA-like respect, and competition to get into them is hotter than ever. Here's how the top schools stack up B-School Calendar BusinessWeek.com's scheduling tool will give you an idea of upcoming events at B-schools in the U.S. and around the world. You'll find information on admissions receptions, application deadlines, networking events, alumni events, conferences, and much more. EMBA Rankings & Profiles BusinessWeek's biennial Executive MBA rankings grade 25 programs worldwide. Plus, you'll find profiles of nearly 200 programs Exec Ed Rankings & Profiles Here are BusinessWeek's top 20 Executive Education programs. Plus, profiles of more than 100 programs worldwide Advertisement   FEATURED SPECIAL REPORT >> Perfecting Your Business School Application Slide Shows Slide Show: Best U.S. Business Schools Video Video: How to Choose Recommendation Writers GMAT Test Prep: A User's Guide Not all GMAT test-preparation services are created equal. Use this guide to find out which one is right for you How to Write an MBA Admissions Essay Be clear about your career goals and how business school can help you achieve them. But most of all be yourself Make Your Leadership Case for Business School Extracurriculars: The Extras That Count The College Visit 101 Chat: MBA Admissions Tips READER COMMENTS > MORE SPECIAL REPORTS >  BW MALL  SPONSORED LINKS Buy a link now!