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So far, Tuck is the only top school to buck a trend of lower application volume to MBA programs around the world.
Dartmouth's Tuck School of Business. Photo by John A. Byrne
With applications to MBA programs down globally, Dartmouth College’s Tuck School of Business saw applications for a seat in its newly entered class rise 7.5% to 2,744 this past year. The increase allowed Tuck to bring its acceptance rate to 18%, down from 20% a year earlier. The average GMAT for enrolled MBA students, moreover, edged up another two points to a record 718, from 716 last year.
So far, Tuck is the only top school to buck a trend of lower application volume to MBA programs around the world. Applications at Stanford dropped 8.9%, for example, while the Johnson School at Cornell saw an 8.0% fall. Harvard Business School was down 4%, while Wharton was down 5.7%.
Dawna Clarke, Tuck’s director of admissions, attributed the rise to, among other things, how well the school has performed in placing its students in jobs through the uncertain economy of the past few years. “I think it’s a reflection of how the school is doing,” said Clarke in an interview with Poets&Quants. “The job stats have been really good for a couple of years through the recession.”
In 2010, for example, Tuck had the best stats of any of the top schools in having the highest percentage of grads employed at graduation (80%) and three months later (93.3%). (See story “Best B-Schools for Getting a Job.”)
The latest stats for Tuck’s Class of 2011 reaffirm the school’s success in placing its MBAs. In a “state of the school” address this morning to faculty and staff, Dean Paul Danos said that starting pay for the class was up by 7% this year and 97% of Tuck graduates had job offers within three months of commencement. Some 34% of the students went into consulting, 28% to finance, and 38% took jobs in general management and other positions. The biggest hirers: McKinsey, Bain, Boston Consulting Group, Amazon, J.P. Morgan, and Samsung.
Danos also said that Tuck set a new record for participation by alumni in the school’s annual giving campaign, breaking over the 70% level for the first time–70.5%.
Clarke said the application increase, moreover, was felt for both domestic and international applications. Generally, schools that have reported declines say that most of the downturn is due to far fewer U.S. applicants.
She also attributed the increase to sending more personalized email to potential applicants, a new Tuck website, and more aggressive use of technology to better leverage Tuck’s alumni network...
www.beyondgreypinstripes.org/rankings 2011
Article of Businessweek, "Stanford Tops Green MBA Ranking", September 21, 2011.
For this year’s ranking, the Beyond Grey Pinstripes team looked at data from 149 schools in 22 countries.
The Executive Board of Erasmus University Rotterdam has appointed Professor Steef van de Velde Dean of Rotterdam School of Management, Erasmus University (RSM). Van de Velde was already Interim Dean at RSM as of July 1, 2011, after the retirement of emeritus Dean George Yip.
“I find the best thing about business education is that it develops individual capabilities for effective and conscious leadership in international business,” said Steef van de Velde. “Through a combination of intellectual and practical challenges, RSM stimulates the creation of individuals who are active, empowered citizens of the world. We want our students to be integrated, participatory and open-minded – people who can generate prosperity and who will take up their roles in the building of a more sustainable future. I am therefore proud to accept this Deanship. Following in the footsteps of our former dean, I will continue to ensure the relevance and impact of our research and our education programmes.”
To learn more about RSM’s new Dean and his ambitions for the School, watch this video.
About Steef van de Velde
Steef van de Velde (1960) is Professor of Operations Management & Technology at RSM. He holds an MSc (1985) in Econometrics from Erasmus School of Economics and a PhD in Mathematics and Computer Science (1990) from Eindhoven University of Technology. His research interests lie in the area of (behavioural) supply chain management and operational excellence. While his working life has been spent in academia, in 1999 and 2001 he was a consultant at Ortec, a global provider of advanced planning and optimisation software solutions and consulting services. His assignments were in the healthcare, public, and oil & gas sectors...
Top business and political leaders launch Latin America Conservation Council, September 8, 2011.
What Latin American challenge could bring together more than 30 CEOs and political leaders?...
Article of Color magazine USA via @Assoc_of_MBAs, 9th September 2011.
@ColorMagazine In a city rich in shades, here is a color that includes all...
Global, inclusive thinkers will shape the future - so how do we shape them?
The economic livelihood of the planet is in turmoil: debt crisis, market instability, double-dip fears. In every government and political institution, across international conglomerates and NGOs, even among the sacred spheres of monetary and fiscal policy - what is absolutely crystal clear is that the old rules have changed. The past is no longer a good predictor of the future.
What‘s needed right now are entrepreneurial leaders who can take creative action in the face of an unknown future to bring real economic and social value to all they do. It is a daunting task for business schools, but we must train and inspire these entrepreneurial leaders to create opportunities, to bravely encounter and learn from obstacles and to incorporate this learning into what they do next. This process ─ of acting, learning, repeating ─ is what managing in uncertain times is all about.
The world needs new entrepreneurial leaders because they cultivate hope and are masters at developing opportunities and creating jobs. And jobs equal peace and prosperity. Entrepreneurship today is all about giving people the tools to make it happen.
Yet, new entrepreneurial leaders will only thrive in an environment that is global and inclusive. We cannot be U.S. centered anymore. Look at any U.S. company and you will see that the majority of sales and most profits are generated from a foreign affiliate: Exxon Mobil, GE, any big company you can think of - where are they hiring? In China, in Brazil, in India.
We tell our MBAs that we want them to be able to go anywhere in the world and succeed. Building a student population that is intentionally diverse is a vital strategy in shaping entrepreneurial leaders. An entrepreneurial leader that is the embodiment of a global, inclusive community will have the best chance of making a real difference in the world.
Stepping Out Of The Comfort Zone
Global Drucker Forum – Early Bird until September 9
A Quest for Legitimacy: How Managers Can Shape the Future
As a consequence of popular demand and holiday period the Early Bird for the Global Peter Drucker Forum has been extended to September 9.
* Take advantage of a total discount of 30% until September 9 (15% EFMD advantage, 15% Early Bird)
* Register with special Link http://www.druckerforum-registration.org/forum.php
login: EFMD
Password: Drucker
In case of questions please contact vienna2011@druckerforum-registration.org
* Listen to and interact with world class speakers and peers to discuss
* The Future of Capitalism (Charles Handy)
* How can “Shared Value” deliver (Mark Kramer and Adrian Wooldridge)
* Enhancing the Management capacity in organizations (Rakesh Khurana and Angelika Bergmann)
* Why the Bottom of the Pyramid matters for everyone (Deepa Parahald and Iqbal Z. Qadir)
* Management Education at a Cross-Roads (Thomas Sattelberger, Rakesh Khurana and Daniel Weihs)
* CEOs and Senior Executives from Ingersoll Rand, Mazars, Raiffeisen Bank, GE, Deutsche Telekom and others will discuss the “how” in today’s organizations.
* Experience the author of the amazing best-selling novel and the ensuing revival of Peter Drucker’s ideas in Japan - Drucker in the Dug-out<http://www.economist.com/node/16481583>
* View the full program
Download (PDF) the background article “A Quest for Legitimacy” by Richard Straub, President Peter Drucker Society Europe for the 2011 Forum here.
Join us in Vienna and contribute to shaping the future of management as a key element of shaping the future of society.
In case of questions please contact Info[at]druckersociety.at
What makes entrepreneurs different, and where do they come from? Are they born or taught? Are they unusually mobile in their careers? Does geography play a role? Do mentors and relationships matter?
Numerous studies explore these questions by surveying hundreds of entrepreneurs. At LinkedIn, we take a different approach, on a different scale. By sifting through more than 120 million public profiles, we can analyze tens of thousands of startup founders’ [1] profiles – and find common threads linking their careers.
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