MBA Admissions News Round Up
- According to a Haas School Newsroom press release, UC Berkeley Haas will be offering ten scholarships this fall that will be matched by the U.S. Department of Veterans Affairs Yellow Ribbon Program in an effort to attract more veterans to its top MBA program. The scholarships will be up to $10,000 each per year. To qualify, veterans must have Post 9/11 GI Bill veterans' benefits and have served a minimum of 36 month of active duty.
- The Consortium announced last week that UCLA's Anderson School of Management had joined its network of top MBA programs with the unified goal of promoting inclusion and diversity in American business enterprises. UCLA dean Judy D. Olian says, "We'll be enriching the learning experiences of our students through a student body that reflects a diverse set of perspectives, backgrounds, and life experiences, and that's a strategic priority for our students." (The Consortium Press Release)
- In the BusinessWeek article, "Building a Wharton for Emerging Economies," Bruce Einhorn discusses the leaps and bounds the Indian School of Business (ISB) is taking to become a big league business school in an emerging economy. The b-school, which opened only nine years ago, has already moved up to the number one slot in Indian b-school rankings. ISB has become so popular in fact, that it will be expanding to a second $50 million new campus which will focus on manufacturing, infrastructure management, and other subjects pertinent to emerging economies. ISB has teamed up with MIT Sloan, UPenn Wharton, and Northwestern Kellogg to further their academic reputation—MIT Sloan and ISB, for example, have agreed on a faculty rotation plan between the two top MBA programs.
- Who knew that frats would become an essential ingredient to job networking in the business world? At Wharton, as the economy started shifting downward, the popularity of fraternities among business students moved upward. Business fraternities like Phi Gamma Nu, Alpha Kappa Psi, and Delta Sigma Pi provide Wharton students with mentors, career support, and a large, strong, family-like alumni network. “Getting to know more of the business world helps you decide what you want to do,” says Nancy Zhang, president of Phi Gamma Nu and Wharton sophomore. (The Daily Pennsylvanian)
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A Mid-April MBA and College Admission News Round Up
- Advanced Placement examinations are becoming more and more popular among high school students. According to a recent Inside Higher Ed article, 25% of high school grads take at least one AP test. Top private universities now expect their applicants to have a few APs on their transcripts. A new study soon to be released by Harvard Education Press, however, reveals that the AP examinations may not be as valuable as most students and adcoms believe. A major criticism is that low-income high schools are scraping the bottom of the barrel in order to offer AP programs, rather than spending that money on improving already existing (and more important) programs. On the other hand, the tests do offer students a chance to get ahead on their college courses, ultimately saving money.
- The GRE seems to be hitting all sorts of records recently. A recent ETS press release reports record-breaking GRE growth rates in Europe. European test volume increased 15% in the last year, marking the highest yearly increase ever for Europe. Another record-breaker: More test scores were sent to European institutions this year than in any other year. One reason for such an increase in GRE tests is the simultaneous increase in the number of business schools accepting the GRE in addition to the traditional GMAT exam. According to David Payne, VP and COO at ETS, "In this economy especially, the flexibility to use one test for admission to both graduate and business programmes is great for students who want to ensure that they have options. It's a huge benefit to them."
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