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Business School Research

Dual MBA Degree for Social Entrepreneurship: Carroll-Tuft

Students who wish to graduate in Social Entrepreneurship now have a new option – A Dual Degree from the Boston College’s (BC) Carroll School of Management and Tuft University’s Department of Urban and Environmental Policy and Planning (UEP).

While each degree on its own takes 2 years or 4 years in total, the Dual Degree takes just 3 years to complete. By the end of the program, students will have a Master of Arts degree from UEP, and a Master of Business Administration from the Carroll School of Management.

The program teaches environmental planning and policy with business management principles, giving Dual Degree graduates an in depth perspective of both fields. Students can then choose a career in either of the fields, or ideally, use their cross-disciplinary education to forge a career that touches both areas. Social Entrepreneurship and Public Policy formulation & analysis, are two fast developing areas with immense potential. In fact, a major motivation for this program is the increasing interest in the field of social entrepreneurship.

MIT Sloan: 2nd Best Entrepreneurial Ecosystem, $100K Competition & Best Entrepreneurship Clubs

MIT Sloan’s offers arguably the world’s 2nd best entrepreneur ecosystem after Stanford’s GSB. And just as GSB benefits from the Stanford University’s environment, the Sloan gains from being next door to MIT.

MIT nurtures 200+ companies every year
. Students, alumni and faculty have founded 25,000+ firms that employ 3.3 million people. They include HP, Intel and Bose. Recent ventures include A123 Systems, Dropbox and Zipcar. The impact of entrepreneurs from this environment is said to be almost $2 trillion a year in revenues. MIT fosters cross-school collaboration with a wide range of courses, a varied class profile and team projects, all supported by some of the best infrastructure and support systems in the world.


Martin Trust Center for MIT Entrepreneurship


The Martin Trust Center for MIT Entrepreneurship was founded in 1958 and is one of 12 entrepreneurship centers. It provides immense support for budding entrepreneurs. Besides research support by faculty, here are some of the center’s features.

Entrepreneurs in Residence

Mean GMAT Score Catching up for Women: Gap Shortened by 20 points PLUS More Women GMAT Test takers

Gender pay gap is a reality among Women employees; they are especially predominant among Women MBAs with the income gaps ranging between $10000 and $11,000. Although measures are being taken to represent more Women in an MBA class, the number of GMAT test takers would give us hints on whether the supply meets the demand.

According to the latest GMAT Volume data by Gender, the number of Women GMAT test takers has increased consistently with an average annual growth rate of 4.3% reaching 122843 during 2011-12.  A positive trend seen in the report is that from 2008-09 to 2011-12, the gap between the number of women and men GMAT test takers have fallen by 15000.




















Another interesting trend seen in the report is the shortening of gap in Mean GMAT Score between men and women from 41 points in 2002-03 to 21 during 2011-12.

MBA in Australia: Governent Loans require No Collateral with limits of upto $93,204 & Top 3 Private Loans in Australia

Australian MBA LoansStudents in Australia have a wide range of options when it comes to financing their MBA. While nearly every bank offers a student loan of some sort, the Australian government provides the best interest free loans with flexible repayment options.

Government Loans

FEE-HELP

FEE-HELP (Higher Education Loan Program) is an Australian Government scheme that helps students finance their education. Only tuition fees are covered under this scheme and there is no conventional interest as such. Accommodation, travel and study material are not covered.

Eligibility

1. The university should be an approved FEE-HELP provider

2. Australian citizen or permanent humanitarian visa holder or permanent resident or a permanent visa holder

3. Meet the tax file number (TFN) requirements. If TFN is not available, a Certificate of application for a TFN in necessary

FEE-HELP loan limits:
$93,204

• This limit is a lifetime limit. It cannot be altered by any repayments made

• Previous study or other debts does not affect the limit

To apply

1. Request for FEE-HELP assistance form from the university

MBA Federal Student Loan: No collateral, credit check, cosigner, or endorser is required for the Direct Unsubsidized Loan

MBA Loans in USThe United States Department of Education offers student loans for graduate studies including the MBA. These loans are offered at lower interest rates, with ?exible repayment terms that include repayment starting after graduation and deferred payments. Loans are awarded in conjunction with the Business School, and payment is made directly to the institution, usually in 2 installments per year. All loan funds must be used only for education expenses. Every Year, the entire Federal Student Aid program disburses more than $150 billion in grants, loans, and work-study funds. Students must complete the Federal Financial Aid (FAFSA) form to determine if they are eligible.

Earlier, subsidized loans at less than 4% interest were available, with the government paying the interest until the repayment period. In August 20111, the US Congress signed The Budget Control Act of 2011, which states that graduate studies cannot be subsidized from July 1st 2012 onwards.

Points to note while applying for federal aid:

EMLYON MBA: 9-month Entrepreneurial Leadership Project, Contextual specializations & Career Services Integrated with the Program

Joe
Joe LiPuma, Director of EMLYON Business School’s International MBA programme shares how EMLYON’s 1- Year International MBA program has helped budding entrepreneurs develop ideas, do feasibility analyses, create business plans, and present them to investors around the world.


Also included EMLYON's Entrepreneurial Eco-system.


Business School

Interview with Dr Brigitte Nicoulaud - Director, MBA Programs at Aston Business School

Interview Aston MBAF1GMAT: Aston Full-time MBA Program’s Mindful Global Manager module looks interesting. Can you tell us a little bit more about it?

Dr Brigitte Nicoulaud (Aston MBA): Of course, our Mindful Global Manager (MGM) is the personal development component of the Aston MBA.  

It has been created by the renowned business psychologist, Dr Uwe Napiersky (PhD), to help globally-minded leaders develop:


•    self-awareness
•    critical thinking
•    intercultural skills

By the end of the module, Aston MBA Candidates will have learned to >>

Business School

7 MBA Job Trends in India

Job TrendsAlthough the 2008-09 financial crises led to a big hit on Finance and Banking jobs, the job market made a comeback in 2012 with the salary and offer trends matching the 2007-08 market conditions. India, one of the fastest growing economies even during the economic crisis led the way. We analyzed the job offers and salary trends in two premier Business Schools in India – IIM Ahmedabad and Indian School of Business. Here are the top 7 trends:

1) Bullish Job Market

The 2012 GMAC report on India’s job trends reveals a huge demand for quality personnel. MBAs and ‘Experienced industry hires’ top the wish list of potential 2012 recruiters with 88% of the companies’ surveyed planning to hire from these two categories. At the same time, just 79% of the global respondents’ indicated a desire to hire MBAs in 2012. This demand is reflected in the fact that above 25% of IIMA’s PGP class of 2012 received offers even before the placement process started.

2) Jobs Available = Student Aspirations?

Top 7 MBA in UK - Part 1

Top MBA in UKThe United Kingdom is the sixth largest economy in the world. London is the capital, with the largest city GDP in European Union. It is also known as the world's largest financial center along with New York.  Unlike other European countries where knowledge of local language is necessary for post-MBA job opportunities, with English, International MBA students can leverage the knowledge of the language for job search and networking.

Read More about Top MBA in UK - Part 1

MBA in New York: Top 6 Programs

MBA in New York New York is the cultural and financial capital of the world. It is the largest city in the United States. According to the US Census Bureau 2010 statistics, there are 519,504 private businesses providing employment to over 7 million people. Over 35% of New York residents are foreign born and they speak over 200 languages. It is also home to Wall Street and some of the leading businesses in the world.

An MBA from New York offers unmatched industry exposure and vast networking opportunities. Students learn to work with individuals from diverse, multicultural backgrounds. We have picked some of the best business schools in New York.

Columbia Business School (CBS)

SDA Bocconi Accreditation, Career Development Service and Milan Advantage

SDA Bocconi MBA Career Development ServiceSDA Bocconi Career Development Service (CDS) performs a key role in supporting MBA participants in their career search. CDS activities help students to both gain a greater understanding of the market, their professional goals and their individual "selling proposition", and to create effective contacts with the business community and the world of MBA recruiters. Learn more about SDA Bocconi MBA Program.

SDA Bocconi Full-Time MBA Curriculum Changes 2012-13

SDA Bocconi has introduced three major changes for all the Full-time MBA classes starting from Sep 2012.

First major change is a new course structure. From this year onwards, the Full-time MBA will have Four Sequences:

Planning and Innovating: The first sequence is designed to develop skills to manage global competition. Students should learn to plan according to current capabilities and resources, while keeping in mind potential competition and future innovation.

Controlling and Investing: The second sequence provides students with tools to perform quantitative analysis to manage performance of investments and obtain funds for Businesses.

Leading People and Processes: Managing human resources and deadlines is crucial for successfully implementing any projects. The third sequence provides students with the framework to define projects based on people and processes.

Soft Skills and Values: Often ignored aspect of skill development is soft skills. SDA Bocconi with this final sequence has designed the curriculum to include exercises and courses to develop skills in communication, project management and team management. The financial crisis of 2008 was due to lack of Business ethics. This concentration has a section for Business ethics that will educate students about conducting Business in an ethical and fair manner.

The Four Sequences will take students to all the four concentrations: Innovation, Marketing, Finance, and the Luxury track.

Top MBA Programs - GMAT, GRE and TOEFL Codes

Business Schools have a unique
institution or program specific GMAT Codes. When you submit your GMAT
Score, pick the institution code or program code, according to your
school. For international students, TOEFL scores are also required in
most schools. For MBA Aspirants who are trying the alternate path –
submitting GRE score instead of GMAT, each school has a different GRE
Code as well. We have compiled a list of GMAT, GRE and TOEFL codes for
top MBA programs. All the codes are for Full-time MBA programs.


Note: Visit the School’s MBA
programs page for the latest
codes.

Recommended GMAT
Course:
 

SKOLKOVO MBA - A threat to Babson, Harvard and Stanford?

SKOLKOVO vs Harvard
The word ‘Experiential’ has been used loosely and out of context in many MBA programs. Even a two day consulting workshop is considered experiential. But SKOLKOVO MBA Program has designed the curriculum taking into consideration the learning opportunities available in International Markets.

Module [1] - Corporate project in China
Module [2] - Corporate / Public sector project in Russia
Module [3] - Corporate project in USA
Module [4] - Start-up project based in Russia
Module [5] - Corporate project in India

5 Projects 4 Countries

Interview with Sarah Ramsey - Director of Recruitment and Admissions at UC Irvine’s Paul Merage School of Business

UC Irvine MBA CurriculamF1GMAT: UC Irvine Merage MBA has put emphasis on Strategic Innovation, Information Technology and Analytic Decision making in its curriculum. Tell us how the curriculum will help MBA grads.

Sarah Ramsey(Merage MBA): Our Dean, Andy Policano, along with his advisory board of executives, have identified these three key drivers: Strategic Innovation, Information Technology and Analytic Decision-Making as crucial elements needed to separate our MBA graduates from the competition.

Why has SKOLKOVO MBA put emphasis on Experiential Learning and Entrepreneurship?

F1GMAT: SKOLKOVO MBA has put emphasis on Experiential Learning. What is the uniqueness of the learning methodology adopted in SKOLKOVO MBA programme? 

Moscow School of Management Interview(Skolkovo MBA): I would like to explain what experiential learning in SKOLKOVO means. Instead of the traditional schools’ approach, where the emphasis is on theory over practice, at SKOLKOVO the majority of students’ time will be spent on learning by doing real work projects, which are run in four countries. We want our students to be educated by their own experiences. Our education philosophy combines first-hand experience with relevant academic studies. SKOLKOVO MBA students work on 5 real projects during the 12-month course for companies in China, Russia, the US and India. Therefore, they learn how to work in real working environment and are brought into the realities of local business culture.

That is why we consider SKOLKOVO MBA programme is for those who choose:

- Real projects instead of Business Cases
- Worldwide experience in 4 countries instead of one-dimensional experience
- BRIC countries and Entrepreneurial Experience

The latter is possibly the most important factor for consideration.

4 Learning Methodologies in European MBA

Most European Full-time MBA programs are 10-15 months in duration. You have to have a clear understanding on what to expect before joining the MBA program. On an average you would be investing Euro 30000 per year for a European MBA program, excluding the living cost. It is essential that you research thoroughly about the curriculum.

Most 10-15 Month Full-time MBA curriculum are structured around four learning methodologies:

1) Simultaneous Learning: Curriculum designed for simultaneous learning has an early emphasis on internships and practical learning.  One good example is the Hilary Term in Oxford Said MBA program.

The Hilary Term in Oxford Said MBA program has an interesting structure.  After 18 Weeks of theory, the 19th Week introduces students to the Entrepreneurship project, followed by project assessment.

During the Entrepreneurship project, students have to develop a complete business plan in one week and present it during assessment to a panel of venture capitalists. All the dependent activities like Patents, Cash Flow projections and strategy should be ready before the assessment.