2013 MBA Recruiters Survey conducted early in the year had shown indications that the job openings in 2013 are slowly matching the Pre-2008 levels. This has been confirmed with the B-School Follow-up Survey conducted in September 2013. This survey was conducted for the Class of 2013 by surveying 915 students from 129 Business School around the world.
Here are the Key Findings
1) Small Dip in Employment: 90% of the Alumni was employed, a drop of 2% from 2012(92%)
2) Value of MBA: 74% of the Class of 2013 felt that Graduate Management Education helped them find the opportunities. 26% felt that they would have received the same opportunities without an MBA.
3) Rise of 2-Year Full-time MBA: 92% Full-time MBA students surveyed were employed (highest level in the past 5 years, a 2% increase from 2012)
4) Drop for 1-Year Full-time MBA: 82% International MBA students surveyed were employed (drop of 7% from 2012)
5) Drop in Employment Rate for Masters Students: 76% Masters Students (non-MBA) were employed, a drop of 8%.
F1GMAT: What are curriculum changes that we have seen in 2013. Will there be more changes in 2014?
RSM MBA Director of Marketing and Admissions, Maryke Luijendijk-Steenkamp reveals some interesting changes in RSM MBA Curriculum in the coming year.
Listen to Maryke's reply.
Length: 2 Minutes and 46 Seconds
• Research International Projects include more options
• New Study Trip to China
• Personalize Learning
• Alumni Mentorship Program
• Internship Optional
Learn more about RSM International MBA
F1GMAT: What are the visa rules for MBA Students in Netherlands?
RSM MBA Director of Marketing and Admissions, Maryke Luijendijk-Steenkamp explains the unique visa rules available only to MBA students in Netherlands.
Listen to Maryke's reply.
Length: 2 Minutes and 24 Seconds
• Search Visa for 1-Year after the MBA Program
• Weigh in different options before accepting a Job offer
Learn more about RSM International MBA
F1GMAT: Do International RSM MBA students face any language barriers while searching for a job in Netherlands and Europe?
RSM MBA Director of Marketing and Admissions, Maryke Luijendijk-Steenkamp explains the class composition of the MBA Class and the job trends seen in recent years.
Listen to Maryke's reply.
Length: 2 Minutes and 56 Seconds
• 3-5% RSM MBA Class are Dutch Nationals
• Recruiters have a clear idea of the Class profile
• Recruiters prefer students with International outlook
• Recruiting local or international student depends on the job function
• Most Dutch are bi-lingual and open to foreigners
NYU Stern MBA program is among the toughest programs to get admission into. This webinar answers some of the commonly asked questions about Stern MBA's entry criteria, overview of the MBA programs, NYU Stern's grading system. The webinar also deconstructs NYU MBA Application Essay questions and will give you an idea about your fit for the NYU Stern MBA programs.
The Webinar Covers the following topics:
1) What makes NYU Stern Unique
2) Notable characterstics of NYU Stern School of Business
3) The Stern Approach
4) Is Stern a Good Fit for you
5) Review of NYU Stern MBA Application Essay Questions
6) NYU Stern Admission Criteria
7) NYU Stern MBA Admission Deadlines
8) MBA Application Components
Recently, @Booth_Insider conducted a twitter session to answer general queries about Chicago Booth MBA Admissions. We have compiled answers to some of the common queries asked by Booth MBA Applicants.
What makes Booth MBA Unique?
According to the AdCom, Booth’s flexible curriculum, students and well renowned faculty makes the program unique.
Does the AdCom recommend campus visit?
Although the AdCom understands that not all applicants can visit the campus, on-campus visits offer the opportunity to experience the campus and interact with faculty and Admissions team. The team recommends interacting with Alumni and current students.
Does Booth MBA Accept GRE Score?
The AdCom gives equal priority to GMAT and GRE, therefore submission of one of the scores is enough for the application.
Multiple GMAT Scores - Which Score is considered?
For Booth MBA Applicants who have taken the GMAT multiple times, the AdCom looks at the highest GMAT Score for the application.
F1GMAT: With a challenging economy in US and Europe, how does RSM MBA Career Service team adapt to the change? Is there any process that the team follows?
RSM MBA Director of Marketing and Admissions, Maryke Luijendijk-Steenkamp explains how the Career Service team is structured and how they enable job search efficiently.
Listen to Maryke's reply.
Length: 3 Minutes and 47 Seconds
- RSM MBA Career Service team is divided based on job functions
- Importance of Alumni Network
- How Career Service team prepares students according to industry and location.
- How close communication with employers help the team get vital information
- RSM is collaborating with LBS and Insead for Career Fairs in London
RSM MBA Director of Marketing and Admissions, Maryke Luijendijk-Steenkamp shares the goals of each term and why the program is structured into four terms.
Listen to Maryke's reply about the goals behind each RSM MBA Terms.
Length: 2 Minutes and 21 Seconds
• The first two terms cover 6 months
• First Two terms spent on developing General Management Skills
• Career Concentration in Third Term
• Career Concentration: Finance, Marketing or Strategy
• Fourth Term: Elective Courses includes courses from outside concentrations
• Elective Courses in Strategic Value Management, Brand Management, Financial Risk Management, Consulting, Sustainable High-Impact Leadership, Supply Chain Management, Entrepreneurship, Business Negotiations, Companies and Ecologies, Financial Engineering, Private Equity/ Venture Capital and Financial Risk Management
• International Electives that include Study Trips
• Fourth Term: Exchange Programs (47 Exchange Business Schools)
Luxury Industry is recession proof, and in 2012 alone, the industry has seen a growth of 10% with revenues reaching $275 billion. An emerging niche within luxury industry that is expected to reach $1.3 trillion in 2015 is “Luxury Experience”. Before we go into the intersection of skills that MBAs and Masters in Luxury Management students can leverage in this niche, let us look into what it means to offer a Luxury Experience.
High Cost Not Luxury
Before 2008, experts considered cost as a big differentiator for Luxury Goods and Services. With the change in the economy, even high spending luxury consumers started waiting for special sales and offers for their purchase. The market segment has not developed new price sensitivity but the “value” that the brand offers has become a much bigger criteria for purchasing decisions. According to McKinsey’s survey, 38% of handbag consumers bought luxury goods on sale and only 25% conveyed that they had no change in...
Cornell Johnson MBA Employment report has been released. Employers find specialist more valuable than generalist. It is evident in the salary difference for Cornell Johnson 1-Year and 2-Year MBA programs.
The Cornell Johnson 1-Year MBA program is targeted for candidates with considerable years of experience, and those who are looking to make career progression with a management degree. For career switchers, significant time should be invested learning and applying new knowledge. This goal can be reached with a 2-Year MBA program.
The mean salary for 2-Year MBA program in 2012 was $106,100 whereas 1-Year MBA program led students to earn $113,720. Interestingly, the mean sign-in bonus for 1-year MBAs was $19,620, six thousand dollars less than what was offered to 2-year MBAs. On an average, both stream of MBAs earned between $132,000 and $133,000. But if you dive deep into the salary break up based on job function for each program, some interesting trends emerge.
For 2-Year MBA students, Finance was the most popular job function with 43% of the MBAs opting for this function, followed by Consulting (26%), and Marketing and Business development (13%).
Happiness is not a long-term goal for most MBA aspirants. It is not part of the narrative in application essays. Most cite reaching an executive level as one of the long-term goals. The daily responsibilities of overseeing the company’s growth, handling competition, and developing strategies to gain market share are part of the responsibilities that make the position attractive.
Unfortunately, the truth is that looking at long-term goals with a narrow scope is detrimental in what can be achieved with an MBA. The location post-MBA is crucial. With a global job market, MBAs are not looking to settle down in host countries post-MBA; they are looking for a higher standard of living, social consciousness, and the right environment to raise a family.
Happiness should be a factor for Business School ranking, and an MBA should not be evaluated just from an ROI point of view. Interestingly, the latest World Happiness Report highlights some of the factors that are important for MBAs before they consider post-MBA job locations to settle down.
Six factors that influence happiness of a country are...
Stanford GSB has joined the group of top Business Schools that have developed its massive open online course. The first course as part of the platform is titled “The Finance of Retirement and Pensions.” Earlier, University of Pennsylvania Wharton had made available its entire Foundation Courses online, starting from the month of Sep-October.
Course Title: FINANCE OF RETIREMENT & PENSIONS
Course Duration: Eight-Weeks
Start Date: 14th October 2013
End Date: December 13, 2013
Instructor: Joshua Rauh (Professor of Finance, Stanford Graduate School of Business)
Key Learning Objectives
• Investing in stocks, bonds, or annuities
• Learn Financial Concepts for a sound retirement
• Retirement Plan Investment
• Pension Fund Management
• Understanding of diversified stocks
• Understanding of basic statistical concepts like media, standard deviations and means
• Has an understanding of concepts about probability...
John R. Mashey, former Chief Scientist at SGI can be credited with first coining the term Big Data in the current context that we are discussing - about large bytes of data that are created and collected every day by social media, blogs, satellites, devices,cameras, banks, mobile phone companies and the government.
What is big data?
Big data can be defined in three contexts: Volume, Velocity and Variety. Products currently available in the market look at interpretation of large data sets. To give you a better idea about Big data, let us look at three applications:
Volume: Twitter sentiments of product releases give a clearer picture of sales forecast for the next quarter if twitter users are a large representation of the customer base.
Velocity: For trading, the speed with which data is interpreted (change in prices, and volume) can be the difference between profit and loss.
Variety: For websites and brands, consumption pattern of videos, audio, images and documents, give insights on tools that can improve user...
The University of Pennsylvania Wharton School will include four MBA core courses in Coursera, a non-profit online platform founded with the vision of educating millions of students. The MBA Foundation Series consists of courses in — corporate finance, marketing, operation management, and financial accounting.
This is a great opportunity for MBA Aspirants to experience what it is like to be part of a top MBA program. We expect other top Business Schools to contribute through Massive Open Online Course (MOOC) format.
Four Foundation Courses in Coursera – From Wharton Business School
An Introduction to Corporate Finance
• Analyses of Financial Decisions made by corporations
• Present Value Technique
• Capital Budgeting Principles
• Asset valuation
• The operation and efficiency of financial markets
• The financial decisions of firms
Instructor: Franklin Allen, University of Pennsylvania
Workload: 6-8 hours/week
Start Date: Oct 28th 2013 (6 weeks long)
Most applicants have completed their GMAT preparation. They are ready to send their GMAT test scores to five Business Schools. One common mistake that we have seen applicants committing while selecting their top five schools is that they don’t put too much thought into selecting the last Business School in the list. Often the thought process is to pick schools based on unrealistic expectations or with very little ambition.
Here are 4 Reasons why picking a Backup program might be counterproductive.
1) Brand Still Matters
The fifth Business School in the top five list would be a low ranked tier-2 Business School. Applicants get a sense of security to know that they would be admitted to at least one school even if they were rejected by four other schools.
If applicants had a choice of picking the fifth Business School based on merit, they would not have done it. This is an interesting behavior. It is not a failure to be rejected by five top schools or a mix of top schools & high...