Harvard | Mr. Google Tech
GMAT 770, GPA 2.2
Kellogg | Ms. MBA For Social Impact
GMAT 720, GPA 3.9
Harvard | Mr. Low GPA Product Manager
GMAT 780, GPA 3.1
Chicago Booth | Mr. Controller & Critic
GMAT 750, GPA 6.61 / 7.00 (equivalent to 3.78 / 4.00)
Kellogg | Mr. PE Social Impact
GMAT Waived, GPA 3.51
MIT Sloan | Mr. International Impact
GRE 326, GPA 3.5
MIT Sloan | Mr. Energy Enthusiast
GMAT 730, GPA 8.39
Chicago Booth | Ms. Future CMO
GMAT Have Not Taken, GPA 2.99
Said Business School | Mr. Global Sales Guy
GMAT 630, GPA 3.5
N U Singapore | Mr. Just And Right
GMAT 700, GPA 4.0
Georgetown McDonough | Mr. International Youngster
GMAT 720, GPA 3.55
Columbia | Mr. Chartered Accountant
GMAT 730, GPA 2.7
Harvard | Mr. Spanish Army Officer
GMAT 710, GPA 3
Kellogg | Mr. Cancer Engineer
GRE 326, GPA 3.3
Chicago Booth | Mr. Financial Analyst
GMAT 750, GPA 3.78
Kellogg | Mr. CPA To MBA
GMAT Waived, GPA 3.2
Stanford GSB | Ms. Sustainable Finance
GMAT Not yet taken- 730 (expected), GPA 3.0 (Equivalent of UK’s 2.1)
Kenan-Flagler | Mr. Healthcare Provider
GMAT COVID19 Exemption, GPA 3.68
MIT Sloan | Ms. International Technologist
GMAT 740, GPA 3.5
UCLA Anderson | Ms. Art Historian
GRE 332, GPA 3.6
Harvard | Mr. Harvard Hopeful
GMAT 740, GPA 3.8
Yale | Mr. Philanthropy Chair
GMAT Awaiting Scores (expect 700-720), GPA 3.3
Columbia | Mr. Startup Musician
GRE Applying Without a Score, GPA First Class
Chicago Booth | Ms. Entrepreneur
GMAT 690, GPA 3.5
Columbia | Mr. MGMT Consulting
GMAT 700, GPA 3.56
Harvard | Mr. Future Family Legacy
GMAT Not Yet Taken (Expected 700-750), GPA 3.0
Wharton | Mr. Big 4
GMAT 770, GPA 8/10

Olin Dean To Give Up Job In June

The interior of the new Olin Business School

The interior of the new Olin Business School

RESISTED PRESSURE TO SUBSTANTIALLY INCREASE THE SIZE OF THE FULL-TIME MBA PROGRAM

Gupta came to Olin in 1990 as an assistant professor of accounting after earning his PhD at Stanford University’s Graduate School of Business. Today, he is one of only five or six faculty members still at the school. His prowess in the classroom was such that students awarded him the Reid Teaching Award eight times since 2001. Yet, eh also has plenty of academic cred, having publishing many papers in leading journals and served on several editorial boards including The Accounting Review, The Journal of Management Accounting Research, Canadian Accounting Review, and Accounting Horizons.

As dean of Olin, Gupta has nurtured unusually close and deep ties to the business community in the St. Louis metro area, a priority of his deanship and a key differentiating characteristic of the Olin Business School. “Olin gives students unprecedented access,” agrees Cliff Holekamp, a senior lecturer in entrepreneurship who is also a general partner at Cultivation Capital. “A student can call up any CEO here and set up a meeting when you say you are from Washington University. You can be big fish in a medium-sized pond as a result.”

Perhaps the biggest surprise of his deanship is that he has been able to lead such significant changes at the school while still maintaining its highly collaborative, intimate culture, one that nurtures strong sense of community and belonging among students, faculty and staff. For that reason, he has resisted pressure to substantially increase the size of the full-time MBA program which takes in 140 students a year. “It’s easy to admit but it is always not that easy to create success,” Gupta believes. “When you have programs that create continued success for your students, you can feel very good about that. We work hard to give students an exceptional experience of learning. We place a very high bar on teaching and student service.”

Instead, student growth has come on the undergraduate side as well as through the expansion of EMBA and specialized master’s programs. The school’s four-year undergraduate business program, which puts freshman in a business course the second day they start classes, directly admits between 165 and 170 freshmen a year, but thanks to transfers, it graduates more than 200 a year. Total enrollment has risen to nearly 950 from 700 ten years ago. Some 200 to 225 students are in specialized master’s programs.

Olin School Class ProfileTHE DEAN WORRIES THAT MBA SALARIES AT ALL THE SCHOOLS HAVE BEEN STAGNANT

Gupta says he believes the full-time MBA degree, particularly at the best business schools, still provides big value to those who get it. But he notes that the “biggest challenge is the two-year loss of income when MBA salaries have largely been stagnant. You can go back and see 1.5% mean change (in starting salaries) per year over the past 15 years at the best of the best schools. When salary isn’t keeping pace with inflation, let alone the cost of education, it concerns me. The value proposition is changing. It used to be you would get 2X or 3X the salary that you left behind. That’s not happening anymore.”

Yet, demand for undergraduate business majors continues to rise. “Last year,” Gupta says, “every salary for our undergraduates was $65,000. They will be getting close to $90,000 to start in five years. If you get an MBA then I doubt a student will come out with $250,000 back. That is the math. The value of the MBA continues to be there, but it’s a different value and people will have to recalibrate. Still, I feel very optimistic for the market for MBAs. The market isn’t going to disappear, but schools will have to pay attention to how they prepare their MBAS for work.”

About The Author

John A. Byrne is the founder and editor-in-chief of C-Change Media, publishers of Poets&Quants and four other higher education websites. He has authored or co-authored more than ten books, including two New York Times bestsellers. John is the former executive editor of Businessweek, editor-in-chief of Businessweek. com, editor-in-chief of Fast Company, and the creator of the first regularly published rankings of business schools. As the co-founder of CentreCourt MBA Festivals, he hopes to meet you at the next MBA event in-person or online.