Poets&Quants’ Most Popular Stories Of 2022

poets&quants most popular stories of 2022CHICAGO BOOTH & WHARTON TIE FOR FIRST IN NEW U.S. NEWS MBA RANKING

The University of Chicago’s Booth School of Business and the Wharton School nudged aside Stanford Graduate Schol of Business to claim top honors in the new U.S. News ranking of full-time MBA programs. Stanford slipped to a third-place finish in a tie with Northwestern University’s Kellogg School of Business. The new list, released today (March 29), again found Harvard Business School remaining in a fifth-place tie with MIT’s Sloan School of Management.

Yale University’s School of Management climbed two places to rank seventh, just ahead of Columbia Business School and UC-Berkeley’s Haas School of Business, both of which finished in eighth place. It was Yale’s highest ranking in U.S. News ever. Yale moved up two places from ninth last year thanks to a six-point rise in its average GMAT score to 726, along with a drop of six percentage points on its acceptance rate to 23.6%. The school also reported an 8.8 percentage improvement on its placement rate three months after graduation at 94.1%.

As is often the case, the highly influential U.S. News list was loaded with surprises and shocks (see The Ten Biggest Surprises In U.S. News MBA Ranking). Nearly two dozen business schools saw their ranks change in double-digits, with the biggest year-over-year decline–30 places–occurring in the rank of the full-time MBA program at Northeastern University’s D’Amore-McKim School of Business in Boston. The school’s MBA program plunged to an 85th finish, down from 55 only a year ago. The Whitman School of Management at Syracuse University experienced the single biggest advance, a 27-place improvement to a rank of 57 from 84th last year.

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poets&quants most popular stories of 2022

INSIDER INSIGHTS: CONSULTING FIRMS WITH THE HIGHEST PAY & HAPPIEST EMPLOYEES

Which consulting firm has the highest compensation for starting analysts? Which is better for career advancement? For getting time off? Or for work life balance?

With salaries that can reach $100K for first-year analysts or even interns, competition for a spot at the top firms can be fierce, and the interviews notoriously grueling. Let’s face it. Not every aspiring consultant is going to snag a position at one of the Big Three firms – McKinsey and Company, Boston Consulting Group, or Bain & Company, known in the industry as MBB.

“There are some great other firms out there: Oliver Wyman, for example, or LEK which is a little bit smaller and has a good reputation,” Patrick Curtis, founder and CEO of Wall Street Oasis (WSO), tells Poets&Quants. “MBB is still where everyone wants to be, but the Deloittes of the world, the PwCs, they all have great practices and can provide a great career in consulting.  I would tell candidates that all is not lost if they don’t fit into an MBB. They can still build a great career.”

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poets&quants Most popular stories of 2022
100 BEST & BRIGHTEST MBAs OF 2022

Each year since 2015, Poets&Quants has honored 100 full-time MBA graduates at the top business schools worldwide. You could describe these high potentials as the voice of their peers and the spirit of their institutions. They were the tireless “Energizer Bunnies” of their cohorts, the ones who never quit, never settled, and never took “no” for an answer. They were the unstoppable forces who never accepted anything less than excellence and always brought their “A Game.” And their spark and commitment rubbed off on their classmates. These Best & Brightest were problem-solvers who didn’t blink in situations where there was neither roadmap nor resources. They just made it happen. Like most, they didn’t have it all figured out. In the end, no one ever doubted that they were the ones you could count on.

In January 2022, P&Q reached out to 75 business schools to invite them to submit nominees for the 2022 Best & Brightest. Schools were encouraged to choose candidates based on “academic prowess, extracurricular achievements, innate intangibles and potential, or unusual personal stories. That said, they also enjoyed the freedom to apply their own criteria and process for selecting students. Overall, 73 schools participated, with Harvard Business School again declining to submit nominees. This year, P&Q received 232 nominations, which were evaluated on extracurricular involvement, personal excellence, and the insightfulness of their responses and recommendations.

By the numbers, 65 business schools are represented in the 2022 Best & Brightest MBAs. The list includes 56 women and 44 men, hardly surprising considering female nominees outnumbered their male counterparts by a 132-to-100 margin. At the same time, 63 candidates were born in the United States, with another 24 already holding advanced degrees. The list also features 8 military veterans.  McKinsey & Company again ranked as the largest consumer of Best & Brightest talent, hiring 6 representatives. Deloitte plucked 5 MBAs from the list, while Bain & Company and the Boston Consulting Company each added 4. In addition, these firms hired more than one member of this year’s Best & Brightest: Accenture, Amazon, Apple, Credit Suisse, Johnson & Johnson, Microsoft, Starbucks, and Salesforce. As of March 1st, 14 graduates remained undecided about an employer, while several more had chosen to either launch ventures or pursue further schooling. One striking feature of this year’s class: they weren’t afraid to shop around for the best opportunity. Among the 80 students who held both a summer internship and a post-graduate employer, just 44 chose to remain with the firm where they had their internship.

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DON’T MISS ALL THE NEW MBA COURSES AT THE TOP U.S. BUSINESS SCHOOLS and ALL THE NEW FACULTY AT THE TOP U.S. BUSINESS SCHOOLS

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