Year in Review: Poets&Quants’ Most Popular Stories Of 2023

Year in Review: Poets&Quants’ Most Popular Stories Of 2023

Folks love rankings. (Business schools, not so much — unless they do well in them.) The evidence: Of the 16 most-read Poets&Quants stories in 2023, half are rankings or lists that serve the same function. That includes our own ranking, released this month, our coverage of the U.S. News, Financial Times, and Bloomberg Businessweek rankings, and a story about how ChatGPT would rank the top B-schools.

Folks love rankings, but they love scandals even more, and two of the three stories by P&Q that drew the most eyeballs — and raised the most eyebrows — were about one of the biggest controversies of the year: the suspension of Harvard Business School professor Francesca Gino. HBS Dean Srikant Datar’s handing of the allegations of Gino’s misconduct, including a review of her tenure, reported on first by Poets&Quants, was our single biggest story of the year, drawing more than a quarter million pageviews; put together, the two stories on this list (just two among many we wrote this year) account for more than 420,000.

Other popular 2023 stories include some of the usual suspects: trend stories on how to get into B-school (Acceptance Rates & Yield at the Top 50 U.S. B-Schools) and what MBAs make after they graduate (a pair of stories on MBA salaries and bonuses at the leading schools).

Enjoy these stories, if you haven’t already, listed here in the order of their popularity — and check out their counterparts, P&Q’s Most Overlooked Stories, as well.

Year in Review: Poets&Quants’ Most Popular Stories Of 2023

Harvard Business School Dean Srikant Datar

Harvard Business School Dean Srikant Datar Comes Under Attack From Seven Tenured Profs

Seven tenured professors at Harvard Business School, remaining anonymous out of fear of retaliation by Dean Srikant Datar,  say his handling of the Francesca Gino case has rocked their confidence in the school’s leadership.

In a letter published in The Harvard Crimson, the professors accuse Dean Datar of violating the school’s norms of policy development by pushing through a new process to deal with professors accused of research misconduct without the knowledge or collaboration with the faculty. In fact, according to the professors, the new policy was in place for two years before ever being mentioned to faculty.

It is another extraordinary development in a widening controversy over accusations that Gino, an award-winning behavioral scientist at Harvard Business School,  has been accused of fabricating data in at least four published research papers, and possibly many more. After a three-person investigation committee found her guilty of research misconduct, Dean Datar placed Gino on unpaid administrative leave, taken away all her benefits, including healthcare, banned her from campus and Harvard’s publishing platforms, and began the unusual process of stripping her of tenure. The controversy has led to widespread media coverage, including The New York Times and The New Yorker, and a $25 million lawsuit against Dean Datar, the university, and the authors of a blog, Data Colada, that first raised the accusations.

Year in Review: Poets&Quants’ Most Popular Stories Of 2023

Top 50 Consulting Firms To Work For In 2023

Every MBB firm is elite. McKinsey, Bain, and the Boston Consulting Group – you can’t go wrong with any of them. Their lavish pay and benefits enable them to attract top talent. And their deep connections and all-around expertise cover every industry. At an MBB firm, consultants aren’t just mastering the best practices, they’re creating them.

That doesn’t mean you won’t find differences among the Big Three. Be it culture, perks, or training, each firm sets different priorities. When it comes to the big picture, Bain & Company stands apart – again. For the third consecutive year, Bain & Company ranked as the #1 consulting firm in the world according to the Vault Consulting 50 from Firsthand – regarded as the gold standard for evaluating consulting firms. In a survey of 16,000 practicing consultants across North America, Bainies were bullish on their Compensation, Culture, and Long-Term Outlook. On top of that, Bain posted the second-highest employee satisfaction rate too.

Year in Review: Poets&Quants’ Most Popular Stories Of 2023

Francesca Gino

If Harvard Succeeds In Revoking Francesca Gino’s Tenure, It Would Be History Making

If Harvard Business School is successful in stripping Professor Francesca Gino of tenure, it could be the very first time any faculty member at Harvard University has lost the lifetime protection tenure offers a faculty member.

Harvard’s Office of the President notified Gino that it had begun the process of reviewing her tenure on July 28 over allegations of research misconduct, nine years to the month in which she was promoted to a full professor and granted  tenure by Harvard Business School on July 1 of 2014. HBS Dean Srikant Datar had already put Gino on an unpaid administrative leave, banned her from campus, revoked her named professorship, and prevented the professor from publishing on Harvard Business School platforms. Gino’s lawyers, who filed a $25 million lawsuit against Harvard, HBS Dean Datar and the authors of the Data Colada blog that initially alleged data fraud in her research, confirmed that the process had begun.

If Gino loses tenure, it would likely be the first time Harvard University has forcibly stripped a tenured faculty member’s position since the 1940s, when the American Association of University Professors formalized tenure rules. Tenured faculty have long been considered invincible. More often than not, professors who are under pressure from a  university administration voluntarily surrender their tenure or simply retire.

Year in Review: Poets&Quants’ Most Popular Stories Of 2023

10 Business Schools To Watch In 2023

Poets&Quants’ “10 Business Schools To Watch” honors the MBA programs that aren’t just adapting to the marketplace – they’re disrupting it. These schools have closely monitored trends, recognized ripples, and tailored programming that makes employers more competitive and graduates more agile. In the process, they’ve acted as roadmaps as much as inspirations.

Now entering its eighth year, the feature showcases schools that act like real businesses. Understanding that complacency represents their biggest threat, the “Business Schools To Watch” are always looking to do more and be more. They embrace their competencies and leverage their assets – and they invest to maximize their impact. Take the Wharton School. This year, the program is bringing an Ivy League Executive MBA to the masses online, the first M7 program to attempt this feat. By the same token, Georgetown University’s McDonough School has laid out an ambitious five-year plan predicated on sustainability, global business, and mentorship that taps into its Jesuit DNA. In addition, Northeastern University’s D’Amore-McKim School of Business has pioneered employer partnerships that enable students to gain practical experience that stands out.

What do the “10 Business Schools To Watch in 2023” have in common? For one, they charged ahead, unafraid of risk or criticism; they never let their creations get swallowed by bureaucracy or diluted by compromises. They’ve mined what’s important to students to harness the spirit of our age. Most of all, they’ve carved out an advantage, created an identity, and charted a course that set them apart. Along the way, they’ve captured their peers’ attention and become the programs that everyone is watching.

Year in Review: Poets&Quants’ Most Popular Stories Of 2023

Best Investment Banks To Work For In 2023

They call it the grind. The long hours and heavy workloads. Always on: rapid response and nonstop vigilance – head down and obedient. Bankers are the masters of appearances, Amid changing conditions and mounting demands, they operate with calm and certainty. They roll up their sleeves and cover every angle, boiling it all down to a 10-page pitchbook.

And they carry their loves lost, vacations missed, and weekends worked as their badges of honor.

Maybe that’s how banking used to be – the playground for technical wizards and wheeler-dealers, the overworked and overstimulated overlords who live to max their year-end. These days, bankers – associates and directors alike – are pushing back against this life. Forget money, they crave time and freedom. They seek a more balanced and relaxed approach, one where every client doesn’t call for all-hands-on-deck urgency. And the best banks are heeding this call according to the newly-released Vault Banking 25 ranking from Firsthand.

Year in Review: Poets&Quants’ Most Popular Stories Of 2023

Poets&Quants 2023-2024 MBA Ranking: Stanford’s Triumphant Return To The Top

Stanford, Harvard & Wharton Also-Rans In Topsy-Turvy U.S. News MBA Ranking

In a year in which U.S. News has revamped the way it ranks MBA programs, the fearsome threesome widely considered the best business schools in the world find themselves mere also-rans. According to U.S. News’ 2023-2024 MBA ranking, Stanford Graduate School of Business now ranks sixth in a tie with Dartmouth Tuck; Harvard Business School continues to languish in fifth place for the third consecutive year, while Wharton slips to the third position from first behind both No. 1 Chicago Booth and No. 2 Northwestern Kellogg.

The big news at the top of the new U.S. News ranking, however, is the upward movement of Dartmouth College’s Tuck School of Business. The school jumped five places to sixth, up from 11th a year ago, largely the result of U.S. News‘ decision to increase the emphasis on outcome measures and to reduce the weight it places on reputation.

Notable changes among the top schools include the falling out of the Top Ten by both Columbia Business School and UC-Berkeley Haas. MBA programs at both of those schools fell by three places to rank 11th. Meantime, the University of Southern California’s Marshall School and Emory University’s Goizueta Business School both climbed four spots to rank 15th and 17th, respectively.

Year in Review: Poets&Quants’ Most Popular Stories Of 2023

Financial Times 2023 MBA Ranking: The Biggest Bombshell Is Wharton’s Disappearance

Year in Review: Poets&Quants’ Most Popular Stories Of 2023

Acceptance Rates & Yield At The Top 50 U.S. MBA Programs

MBA Salaries & Bonuses At The Top 30 U.S. Business Schools

The U.S. B-Schools With The Most Indian & Chinese Students

100 Best & Brightest MBAs: Class Of 2023

Year in Review: Poets&Quants’ Most Popular Stories Of 2023

How ChatGPT-4 Ranks The World’s Best MBA Programs

Year in Review: Poets&Quants’ Most Popular Stories Of 2023

Harvard & Wharton Slump In New 2023 Businessweek MBA Ranking

Harvard sunk to sixth place, falling four spots from last year, while Wharton slid to eighth, losing one notch from its seventh-place ranking a year earlier. It is HBS’ lowest ranking from Businessweek since 2014 when the school’s MBA program ranked eighth. The last time Harvard Business School took first place was in 2017. This year’s position for Wharton was its worst since 2021 when Wharton’s MBA program was ranked ninth by Businessweek.

With the two powerhouse MBA programs failing to make the Top Five, several other highly prominent business schools gladly took their place. Rounding out the Top Five was No. 2 Chicago Booth, tied in third are Dartmouth Tuck and UVA Darden, and No. 5 Columbia Business School.  Northwestern University’s Kellogg School placed seventh, slipping three positions,  while the University of Michigan’s Ross School of Business was ninth and MIT Sloan finished tenth.

Year in Review: Poets&Quants’ Most Popular Stories Of 2023

High & Low MBA Salaries And Bonuses At The Top 100 B-Schools

The standard measure of success for business schools is how well they place their MBAs three months after graduation: how many get job offers, and how many accept them. This fall, at school after school, placement rates are down: At Yale School of Management, by more than 4 percentage points in both offers and acceptances; at Chicago Booth School of Business, by a couple of points in each measure; and at Dartmouth College Tuck School of Business, by 2 points in each. Offers and acceptances were likewise down at Michigan Ross School of Business, Duke Fuqua School of Business, Cornell Johnson Graduate School of Management, and every other top B-school to release employment data so far.Nowhere were they down by more than Harvard Business School. Harvard on Wednesday (November 29) published Class of 2023 employment data showing that 86% of this year's grads received job offers 90 days after graduation, down from 95% one year ago, and 80% accepted, down 10 percentage points from last year's 90%.That’s one in five Harvard MBAs unemployed three months after graduating — as strong a sign of a tough jobs market as you’ll find anywhere."This year’s slow hiring market created unique dynamics as students with deferred start dates sought gap employment or alternative full-time roles," Kristin Fitzpatrick, HBS's managing director of MBA Career & Professional Development, tells Poets&Quants, "and more students than usual pursued post-grad internships, some of which have since converted to full-time roles."
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