Will MOOCs Make MBA Programs Dinosaurs?

Young man have job interview.6 Ways To Nail Your Business School Interview

 

You’re probably thinking the hard part is over. You barreled through the GMAT and polished up your applications. Your preparation is done, you think. Now, you can just sit back and wait.

Guess again.

When you get the call, that means you got their attention. Like in business, you need to make a persuasive pitch to close the deal.

This week, Leslie Moser, a Daily Muse columnist and student at Harvard Business School, shared her strategies for finishing the process strong and earning a spot at your school.

First, Moser emphasizes research. Sure, you probably delved into your schools’ specialties, curriculum, and culture to shape your essays. And that will be helpful in preparing to go face-to-face. But don’t forget that how a school interviews you is an extension of the institution. You may participate in one-on-one, group, behavioral, or case interviews. And some schools even prefer that adcoms, alumni or students interview you without reading your application first. Before you walk into the lion’s den, make some inquiries into what you should expect. One forum Moser suggests is GMAT Club, where applicants often dish on their interview experience.

Second, remember that schools are using interviews to vet you for truth-in-advertising and fit. Knowing many applicants hire consultants to help them prepare applicants, schools are asking themselves, “Are you who you say you are?” In other words, can they picture you achieving what you referenced in your essays? Even more, schools are wondering, “Do we want you representing our school?” No school wants to be someday affiliated with the next Ken Lay. In the interview, your job is to demonstrate that you’ll ultimately achieve your goals in a way that reflects well on the school.

In addition, Moser cautions you to remember your application, particularly since you’ve probably applied to multiple schools. Your contents of your application will often drive the interview, so you should be ready to expand on stories you shared in your essays, along with addressing any red flags such as a mediocre GPA or a gap in work experience. What’s more, your interviewer will ask a “Why do you want to go to our business school?” question. In answering, you should be specific, citing specific professors, courses, clubs, or activities – and what excites you about them.

Source: The Daily Muse

Attractive Business Man In Suit Throwing Money Into Air

Which Schools Produce The Most Millionaires?

So you want to be a millionaire?

If you believe the cult of entrepreneurship, your best bet is to ditch school and launch a business from your garage. All you need is an internet connection, they say. Like Randian Hare Krishnas, they’ll rattle off the names of billionaire college drop outs like Bill Gates, Steve Jobs, Mark Zuckerberg, Larry Ellison, David Geffen, or Ralph Lauren. If they’re really annoying, they’ll point to high school washouts like Richard Branson (or John D. Rockefeller). In their minds, you make your bones through sweat and moxie. The true innovators are always too cool for school.

That may be true in a few cases. And who doesn’t root for the underdog? To succeed, you generally need an educational foundation…not to mention some networked classmates. And you’ll often find them at the elite institutions.

This week, Spear’s magazine, dubbed the “bible of the banking community,” released a ranking of the top 100 global colleges and universities for graduating millionaires. Compiled in collaboration with WealthInsight, a leading consulting firm, this study pulled data from 500 leading schools on subjects studied by the world’s wealthiest men and women.

Without further delay, here are the top 10 colleges and universities for producing millionaires:

1. Harvard University (USA)

2. Harvard Business School (USA)

3. Stanford University (USA)

4. University of California (USA)

5. Columbia University (USA)

6. University of Oxford (UK)

7. Massachusetts Institute of Technology (USA)

8. New York University (USA)

9. University of Cambridge (UK)

10. University of Pennsylvania (USA)

According to the study, institutions from the United States produced the most millionaires with the United Kingdom, Canada, France, and India rounding out the top five. Spear’s and WealthInsight also found that engineering programs produced the highest number of millionaires, followed by MBA programs, economics, and law. However, WealthInsight Analyst Oliver Williams notes that degrees are often irrelevant:

“You would expect to see a high number of scientific or financial degrees in the top 10, like engineering, commerce and accounting. Numerical degrees are a notable advantage when it comes to amassing a personal fortune…But, interestingly, few of these degrees turn out to be outright vocational; most engineering graduates, for example, are not engineers but entrepreneurs. The same goes for most law and politics graduates, who owe their fortunes not to practicing their professions but climbing the ranks of the financial services sector.”

So where do MBA programs rank? Eight business schools cracked the top 100:

2. Harvard Business School (USA)

15. INSEAD (France)

25. University of Pennsylvania – The Wharton School (USA)

63. London Business School (UK)

64. Copenhagen Business School (Denmark)

66. Essec Business School Paris (France)

67. Stanford Business School (USA)

98. MIT Sloan School of Management (USA)

Source: Spear’s

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