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Are Green-Horn Applicants Acceptable by Business Schools?

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No. Decrease No Changefromprevious year Increase % admitted
2006 with one year or less experience
1 X Kellogg X 0
2 X NYU Stern X 0
3 X Texas X 0
4 X Chicago x 1
5 X Wharton x 1
6 X Georgetown x 1
7 X Michigan x 2
8 X UCLA x 3
9 X Stanford x 3
10 X Indiana x 7
11 X CMU Tepper x 10
12 Tuck X x 0
13 USC X x 0
14 Maryland X x 4
15 Notre Dame X x 8
16 Cornell X x 3
17 Purdue X x 13
18 Rochester X x 13
19 X X Darden 1
20 X X Emory 2
21 X X Columbia 3
22 X X Michigan State 6
23 X X Vanderbilt 9
24 X X WashingtonOlin 10

Source Business Week

Note: Harvard,Yale and Sloan did not provide the statistics.

Conclusion : Only four schools inducted a significant ( 10%) percentage of younger applicants.In fact seven schools reduced intake of raw without experience applicants.Young applicants are still not being welcomed by most top schools.

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‘Career Enhancement Potential’ Ranking of Business Schools-Financial Times

If you cannot view the tables please hit the header

Rankings of the B-Schools from Students Career Enhancement Perspective has been made in Table 1. It shows the world schools from a different perspective.

In analyzing the Financial Times,London data it is assumed that a MBA student opts for the program to increase his earnings potential or desires change in his career stream. Thus factors as defined in “Open New Career Opportunities ” and “Increase in salary ” are taken in consideration.

Definitions:

Open New Career Opportunities Sums the following:

1. Diversity of recruiters.Number of industry sectors.
2. Assessment of careers services.Percentage of graduates in jobs three months after graduation
3. Jobs found through the careers service.Percentage of graduates finding jobs through careers service
4.Student assessment.Meeting expectations and needs

Increase in salary considers the following:

1. How much did your salary increase after graduating? Salary change from pre–MBA to post–MBA (excluding bonuses)
25.00

2. Leaving salary.Post–MBA salary (excluding bonuses)

TABLE 1

(First twenty ranked schools in each area have been considered)

This table has been created from FT -2007 Rankings Statistics.

Rank Open new career opportunities Increase in salary
1 GSB-Chicago Ashridge
2 IIM-A Henley
3 Berkeley -Haas HULT
4 IE Business School IESE
5 IESE IMD
6 NYU-Stern Oxford
7 Virginia-Darden HEC
8 Dartmouth-Tuck Strathclyde
9 Stanford Stanford
10 Hong Kong University LSB
11 Michigan-Ross Harvard
12 Columbia University of Bath
13 MIT-Sloan Cranfield
14 IMD TiasNimbas
15 Ohio-Fisher RSM Erasmus
16 Northwestern-Kellogg Dartmouth-Tuck
17 Washington University Intl.Univ of Monaco
18 CMU-Tepper Cambridge
19 ESADE Manchester B-School
20 Penn State-Smeal Monash

Conclusion:

Table 2

Country or Region Open new career opportunities Increase in salary Schools in both category
  Number of Schools Number of Schools Number of Schools
USA 14 4 2
Europe 4 15 2
Hong Kong 1 X X
India 1 X X
Australia X 1 X
       
       
       

USA Schools

1.Considering both these criteria Stanford and Dartmouth are the only USA schools having Ranking in the range of 1-20.

2. If we consider only “Open new career opportunities” then there are fourteen USA schools in this category meaning thereby that these schools place more emphasis on creating career opportunities.

3.”Increase in Salary” has four USA schools HULT,Stanford,Harvard and Dartmouth

European Schools

1. IMD and IESE fall under both the categories.

Conclusion

It is concluded that American schools emphasize more on creating career opportunities or maybe on having better placement offices and contacts with the industry.They have a poor record of increase in salary as compared with their European cousins.

European School candidates have a better jump in income after completion of their MBA, may be because the concept of MBA is in the process of being integrated into European economies.The Americans have a head start in this as such this is not surprising.
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Top Business Schools – WSJ Ranking 2007

The results of The Wall Street Journal/Harris Interactive Year 7 Business School Survey were published The Wall Street Journal on September 17, 2007.

In order to make relevant comparisons, the 86 schools are grouped according to where recruiters tend to recruit, resulting in three rankings:

National, Regional, and International.

  • National Ranking Includes 19 U.S. schools
  • Regional Ranking Includes 51 U.S. schools
  • International Ranking 25 schools (9 U.S. schools, 11 European schools, 3 Canadian schools, and 2 Latin American schools)

National Schools

1 Dartmouth College (Tuck)

2 University of California, Berkeley (Haas)

3 Columbia University

4 Massachusetts Institute of Technology (Sloan)

5 Carnegie Mellon University (Tepper)

6 University of North Carolina, Chapel Hill (Kenan-Flagler)

7 University of Michigan (Ross)

8 Yale University

9 University of Chicago

10 University of Virginia (Darden)

11 University of Pennsylvania (Wharton)

12 Northwestern University (Kellogg)

13 Duke University (Fuqua)

14 Harvard University

15 University of California, Los Angeles (Anderson)

16 Cornell University (Johnson)

17 New York University (Stern)

18 University of Southern California (Marshall)

19 Stanford University

International Schools

1 ESADE

2 IMD

3 London Business School

4 IPADE

5 Massachusetts Institute of Technology (Sloan)

6.Columbia University

7.ESSEC

8.Tecnologico de Monterrey (EGADE)

9.HEC Paris

10.Thunderbird

11.York University (Schulich)

12.University of Western Ontario (Ivey)

13.University of Chicago

14.Instituto de Empresa

15.INSEAD

16.University of Pennsylvania (Wharton)

17.Bocconi University

18.Erasmus University (Rotterdam)

19.IESE

20.Northwestern University (Kellogg)

21.Harvard University

22.New York University (Stern)

23.University of Oxford (Said)

24.University of Toronto (Rotman)

25.Stanford University

Regional Schools

1.Brigham Young University (Marriott)

2.Wake Forest University (Babcock)

3.Ohio State University (Fisher)

4.University of Rochester (Simon)

5.Indiana University (Kelley)

6.University of Florida (Warrington)

7.Louisiana State University (Ourso)

8.Emory University (Goizueta)

9.University at Buffalo/SUNY

10.University of Maryland (Smith)

11.Thunderbird

12.Purdue University (Krannert)

13.Georgetown University (McDonough)

14.University of Notre Dame (Mendoza)

15.Vanderbilt University (Owen)

16.University of Miami

17.College of William and Mary (Mason)

18.Michigan State University (Broad)

19.University of Texas, Austin (McCombs)

20.University of Denver (Daniels)

21.Babson College (F. W. Olin)

22.Southern Methodist University (Cox)

23.Texas A&M University (Mays)

24.Pennsylvania State University (Smeal)

25.Boston University

26.University of Washington

27.Fordham University

28.University of Missouri, Columbia

29.University of California, Davis

30.Boston College (Carroll)

31.University of Iowa (Tippie)

32.University of Wisconsin, Madison

33.Rice University (Jones)

34.University of Georgia (Terry)

35.Arizona State University (Carey)

36.American University (Kogod)

37.Georgia Institute of Technology

38.University of Minnesota (Carlson)

39.Rutgers, the State University of New Jersey

40.University of Utah (Eccles)

41.University of Pittsburgh (Katz)

42.University of California, Irvine (Merage)

43.University of Arizona (Eller)

44.Pepperdine University (Graziadio)

45.George Washington University

46.Washington University (John M. Olin)

47.University of Illinois, Urbana-Champaign

48.Tulane University (Freeman)

49.University of South Carolina (Moore)

50.University of Colorado, Boulder (Leeds)

51.University of Connecticut

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Average MBA Starting Salaries

( Click the header if you are unable to see a table below )

Rank Business School Applicants
Accepted
Median Total
Pay Package
1 Northwestern (Kellogg) 13% $142,000
2 Chicago 15% $140,000
3 Harvard 10% $160,000
4 Stanford 8% $165,500
5 U. of Pennsylvania (Wharton) 13% $156,000
6 MIT 13% $149,000
7 Columbia 11% $142,500
8 Michigan 19% $131,000
9 Duke (Fuqua) 19% $128,500
10 Dartmouth (Tuck) 14% $149,500
11 Cornell (Johnson) 22% $135,000
12 Virginia (Darden) 18% $135,000
13 UC Berkeley (Haas) 11% $135,000
14 Yale 15% $130,000
15 NYU (Stern) 15% $140,000
16 UC Berkeley (Haas) 11% $117,000
17 Washington U. (Olin) 33% $89,000
18 U. of Texas – Austin 23% $97,000
19 North Carolina (Kenan-Flagler) 24% $107,000
20 Yale 25% $116,000
21 Indiana (Kelley) 24% $92,000
22 Maryland (Smith) 21% $84,500
23 Wisconsin 47% $70,000
24 Purdue (Krannert) 25% $86,500
25 USC (Marshall) 26% $93,000


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MBA – American Universities With Financial Help

(If you cannot view the table properly please click the Headline of the article)

School

State

Mean GMAT: Full-time Students

Minimum TOEFL Score

Availability of aid

U.S. News Rank

Brigham Young University (Marriott)

UT

653

240

Aid available (international students)

40

Carnegie Mellon University (Tepper)

PA

691

250

Aid available (international students)

17

Cornell University (Johnson)

International students have several options available if they wish to borrow to help meet their educational costs. The Johnson School has partnered with Citibank to offer its international students up to $23,000 in loan funds. Students must have verifiable assets equal to or greater than the amount of the loan they are requesting. This loan requires no cosigner, but offers a cosigner option if the student borrower does not have the required assets to qualify for the loan. The cosigner (regardless of citizenship) must document they have the assets to qualify for the loan. The Access Group also offers a signature loan to international students with a three-year credit history in the United States.

Student loans may not be used on the declaration of finances form. Once you receive your student visa you can apply for student loans

NY

673

250

Fellowships available: 55
Aid available (international students)

The Johnson School has over $1 million in merit-based scholarship funds to award each year to new and returning students.

Almost 30 percent of Johnson School students receive some scholarship.All our scholarships are awarded based on merit regardless of citizenshipolarship assistance.

15

Duke University (Fuqua)

NC

705

250

Aid available (international students)

11

Emory University (Goizueta)

GA

680

250

Aid available (international students)

18

Georgetown University (McDonough)

DC

662

250

Aid available (international students)

27

Georgia Institute of Technology

GA

655

250

Aid available (international students)

32

Harvard University

MA

707

253

Aid available (international students)

1

New York University (Stern)

Stern is proud to offer a comprehensive international student loan program.

NY

700

250

Fellowships available: 370
Teaching assistantships available: 596

Aid available (international students)

13

Ohio State University (Fisher)

OH

664

250

Aid available (international students)

21

Purdue University–West Lafayette (Krannert)

IN

667

230

Aid available (international students)

23

Stanford University

CA

711

250

Aid available (international students)

2

Tulane University (Freeman)

LA

655

250

Aid available (international students)

45

University of California–Berkeley (Haas)

CA

701

230

Aid available (international students)

6

University of California–Davis

CA

678

250

Aid available (international students)

42

University of California–Irvine

CA

658

250

Aid available (international students)

49

University of California–Los Angeles (Anderson)

CA

705

260

Aid available (international students)

11

University of Chicago

Financial aid information is sent to prospective students upon admission to the program. You will not need to apply for scholarships or loans until such time. Chicago GSB offers two loan programs for international students – one that requires a co-signer from the U.S. and one that does not. All ADMITTED international students will be directed to a web site to request a loan application. The loans can be used for the I-20 visa application process.

IL

695

250

Fellowships available: 5
Aid available (international students)

8

University of Florida (Warrington)

FL

666

250

Aid available (international students)

42

University of Georgia (Terry)

GA

663

233

Aid available (international students)

45

University of Maryland–College Park (Smith)

MD

651

250

Aid available (international students)

27

University of Michigan–Ann Arbor (Ross)

MI

690

250

Aid available (international students)

10

University of Minnesota–Twin Cities (Carlson)

MN

655

240

Aid available (international students)

23

University of North Carolina–Chapel Hill (Kenan-Flagler)

The Kenan-Flagler Business School, through a partnership with CFI, offers the EXTRA MBA Loan for international students

No cosigner is required

 

NC

652

250

Fellowships available: 69

Aid available (international students)

Merit fellowships are awarded to 25% of our students. UNC awards are made to international and U.S. students

21

University of Notre Dame (Mendoza)

IN

657

250

Aid available (international students)

32

University of Rochester (Simon)

NY

665

250

Aid available (international students)

23

University of Southern California (Marshall)

CA

685

250

Aid available (international students)

26

University of Texas–Austin (McCombs)

TX

670

260

Fellowships available: 10
Teaching assistantships available: 31

 

Aid available (international students)

18

University of Virginia (Darden)

For international students, there are several merit-based scholarships available as well as student eligibility for third party loans.
In order to borrow money, the amount to be borrowed must be listed on the application for I-20.

VA

680

we do not consider the GPA in our evaluation.

250

Fellowships available:131
Aid available (international students)

14

University of Washington

WA

677

250

Aid available (international students)

18

University of Wisconsin–Madison

WI

658

250

Aid available (international students)

37

Yale University

CT

696

250

Aid available (international students)

15


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MBA DEADLINES

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Characteristics of the Top USA Business Schools

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You’ve heard it time and time again — going to a top MBA program offers fundamentally different opportunities than getting just any MBA degree. But applying to multiple schools can be a daunting task, and everyone should have a backup plan in case they don’t get into their first choice. Here are some guidelines for analyzing the differences between the top programs, based on interviews with graduates of nearly 20 top US business schools.

Harvard Business School

Characteristics

The top program for liberal arts and social science majors (with as much as 50% of the class coming from those disciplines) HBS emphasizes the art of leadership.

Strengths

  • Harvard brand name
  • Depth of network
  • Strong ties to finance, private equity and consulting
  • Best for general management and communications

Weaknesses

  • Lack of academic rigor, over reliance on case method
  • Stereotype that students have poor analytical and quantitative skills

Suggested Backups

  • Tuck
  • Darden
  • Michigan

MIT Sloan School of Management

Characteristics

The top program for science and engineering majors (with as much as 40% of the class from those disciplines) Sloan emphasizes an analytical, fact-based approach to management.

Strengths

  • MIT brand name
  • Rigorous, flexible academics
  • Strong ties to finance, high tech and consulting
  • Best for entrepreneurship, high tech and finance

Weaknesses

  • Smaller alumni network
  • Stereotype that students are too intellectual and not aggressive

Suggested Backups

  • Chicago
  • NYU
  • Carnegie Mellon

Stanford Graduate School of Business

Characteristics

Stanford takes a balanced approach to management education, with no particular background emphasized over others, resulting in one of the more diverse classes among top business programs.

Strengths

  • Stanford brand name
  • Balance of qualitative and quantitive emphasis
  • Strong ties to Silicon Valley, venture capital and consulting
  • Best for entrepreneurship and general management

Weaknesses

  • Smaller alumni network, poor ties to east coast and international recruiting
  • Stereotype that students are not team players

Suggested Backups

  • Berkeley
  • Duke
  • UCLA

Wharton School, University of Pennsylvania

Characteristics

The top graduate business program for undergraduate business majors (with as much as 45% of the class from those disciplines), Wharton focuses on finance and investment education.

Strengths

  • Well-rounded academic program
  • Strong ties to finance and consulting
  • Best for finance and accounting

Weaknesses

  • Weaker ties to west coast recruiting
  • Stereotype that students are overly aggressive and too finance focused

Suggested Backups

  • Chicago
  • Columbia
  • NYU

Kellogg School of Management, Northwestern University

Characteristics

With a balanced student body similar to Stanford, Kellogg has distinguished itself as the top MBA program for marketing and brand management.

Strengths

  • Highly motivated, involved student body
  • Strong ties to brand management and consulting
  • Best for marketing

Weaknesses

  • Lack of analytical focus
  • Stereotype that students are team players but not leaders, poor quantitative skills

Suggested Backups

  • Michigan
  • Duke
  • Tuck

Adopted From—

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