A ranking of business schools' alumni Network effects 0-17

A ranking of business schools' alumni Network effects

 A FORMER boss at The Economist—an INSEAD alumna—once confided that, although she prided herself that her door was always open, fellow graduates from the French business school might find the door "slightly more ajar than others". Business school gives one many advantages—a framework with which to analyse problems, a sturdy knowledge of business theory—but perhaps the most important of all is a network of other successful people to tap into. Whether searching for job, seeking funding for a start-up or on the hunt for someone to help with a project, friendly help is always at hand.

Every business school makes a fuss about how wonderful its alumni network is. But the reality isn't always so rosy. Maintaining a close-knit community of graduates takes effort. It means keeping in contact with people as they pursue successful careers across the globe. It means running events and top-up classes for them for many years after they leave. And perhaps most importantly, it means convincing students while they are on campus that the institution is worth maintaining a passion for throughout their lives.

Perhaps unsurprisingly, American schools do this best. They, after all, have the biggest incentive, being the world leaders at tapping into their alumni networks to secure huge financial gifts. Such schools spend a lot of resources onmaintaining relations with ex-students. And, as the best schools also tend to be old and big, this means keeping tabs on an awful lot of people. Harvard Business School, for example, has 44,500 registered MBA alumni.

But which school has the most useful alumni? Each year, The Economist asks students to rate their school's network. The top ten from our 2014 survey are listed below. Nine of the ten are in the US. Highest rated of all is the Tuck school at Dartmouth. Its fierce collegiate spirit is famous, perhaps fostered by its setting in the small, sleepy town of Hanover, New Hampshire, which means that students have little else to do but bond.  

Student rating of the usefulness of the alumni network

Rank	Business school	Rating, out of five	Top 100 rank	Country
1	Dartmouth College – Tuck School of Business	4.98	2	United States
2	Stanford University – Graduate School of Business	4.90	9	United States
3	University of Notre Dame – Mendoza College of Business	4.89	45	United States
4	University of Virginia – Darden School of Business	4.84	3	United States
5	University of Michigan – Stephen M. Ross School of Business	4.81	20	United States
6	University of Southern California – Marshall School of Business	4.81	64	United States
7	Cornell University – Samuel Curtis Johnson Graduate School of Management	4.80	23	United States
8	University of North Carolina at Chapel Hill – Kenan-Flagler Business School	4.72	35	United States
9	Harvard Business School	4.71	6	United States
10	IMD - International Institute for Management Development	4.71	21	Switzerland

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What MBAs Expect To Learn In Business School 04-19

What MBAs Expect To Learn In Business School

What do prospective students who want to go to business school expect to learn in a graduate management program?

It's a good question, partly because so much emphasis is put on jobs and salaries in MBA programs that often times what is actually learned gets too little attention.

This week, the Graduate Management Admission Council published the answer to the question in its 2014 Prospective Students Survey, which included responses from more than 12,000 individuals between October of 2012 and September of 2013.

The actual question: “Thinking about your ideal business school curriculum, what do you expect to learn during a graduate management program?”

Interestingly enough, none of the traditional core subjects came out first. Not finance, marketing or accounting, which were second, third and fourth, respectively. The single biggest answer? Leadership.

“Leadership” and “Finance” were mentioned 2,784 and 1,797 times, respectively, while “Build” appeared only 19 times in comments (see above word cloud).

The good news is that in recent years, business schools have made major progress in adding leadership to the standard MBA curriculum. Many schools, the University of Pennsylvania's Wharton School and North Carolina's Kenan-Flagler Business School, now put students through self-assessments and then into one-on-one coaching sessions to work on their leadership skills.

At Harvard Business School, MBA students are now required to take two leadership-focused courses in their first year, Leadership and Organizational Behavior as well as Leadership and Corporate Accountability. In the second year, there are as many as eight different electives that range from Authentic Leadership Development to Power & Influence.

The Wharton Executive Feedback and Coaching Program requires that students incorporate feedback and self-assessments on extracurricular leadership, work experience pre-Wharton, and summer internships. Based on those individual assessments, Wharton provides one-on-one executive coaching, engaging students in what the school calls "self-directed, individualized leadership development through targeted interventions and regularly scheduled coaching support."

That's a far cry from the years when leadership used to get relegated to a brief session during orientation or one or two elective courses. What it tells you is that business schools, often criticized for the ethical and leadership lapses of the Corporate Elite, are doing a pretty good job of serving their customers these days.

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Indian School of Business Offers 20 Scholarships Totaling $400,000. 01--04

Indian School of Business Offers 20 Scholarships Totaling $400,000

The Indian School of Business (ISB) recently announced that it is offering 20 scholarships totaling approximately $400,000 to attract prospective students from outside India to its Post Graduate Program (PGP) in Management. The deadline to submit applications for these scholarships is January 15, 2013.

ISB has been ranked among the top 20 business schools by the Financial Times for the past five years as part of its annual Global MBA Rankings. Its one-year PGP was developed in association with the Kellogg School of Management, the Wharton School at the University of Pennsylvania and the London School of Business.

To learn more about the available scholarships, interested applicants are encouraged to email intladmission@isb.edu   or call 9140 23187484.

Learn more about ISB’s Post Graduate Program in Management  .

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EHDC Global MBA 11-14

EHDC Global MBA

Last Chance for Scholarships - Deadline for January Applications 10th December.

Candidates interested in the January 2013 intake of the EDHEC Global MBA are invited to complete their application before 10th December*.

The EDHEC Global MBA's guaranteed scholarship policy is still in place for the January intake, providing a reduction in tuition fees of up to 60% and bringing fees to 14 400 euros for the complete 10 month programme.

Candidates are reminded that it is not necessary to make a special scholarship request as they are awarded automatically according to the criteria valued by the selection committee in a transparentlist of scholarships.

It is possible to apply without the GMAT in a first place, secure a 1st Nationality scholarship (if accepted and enrolled), and then upgrade your scholarship automaticallyonce the GMAT score is reported. Note that it is also possible to retake the GMAT any number of times before term starts, in order to reach the next scholarship value.

One of the French participants commented, "One of the reasons I chose EDHEC for my MBA program was the large variety of scholarships offered. Compared to other schools, I found the EDHEC scholarship policy to be more transparent and more generous. Moreover, each scholarship is obviously aimed at increasing the quality of the program: the "1st Nationality" scholarship and the Diversity" scholarship increase the student diversity; the "Excellence" scholarship attracts high-GMAT scorers; the "Global 500" scholarship and "Entrepreneurship" scholarship attract both employees of large companies and entrepreneur profiles. I found the awarding conditions listed on EDHEC website so clear that it allowed me to better plan my budget as I moved forward in my MBA application."

One American student who missed out on the 1st Nationality Scholarship but was awarded an Experience Scholarship decided to retake the GMAT since he knew that he could do better on the test. "I was motivated to do this because the difference in tuition payments was sizeable" he states. "I also knew for sure that if I hit the score I was aiming for, I'd get the corresponding scholarship. There was nothing ambiguous or misleading in the policy. In the end the financial rewards of retaking the GMAT offset the couple weeks of prep time it took to ensure a better score and a higher scholarship." 
If you are in the process of finalizing your application or wish to apply now, please contact the MBA Admissions Office for assistance throughout the process.

Fees for the September 2013 intake will increase to 38 000 euros. Applications are now in process.
* Candidates requiring a visa should ensure with local authorities that this date allows sufficient processing time to make the January 3rd start date.