Poets&Quants’ Top Stories Of 2024 by: P&Q Staff on December 27, 2024 | 21 minute read December 27, 2024 Copy Link Share on Facebook Share on Twitter Email Share on LinkedIn Share on WhatsApp Share on Reddit MORE GREAT STORIES FROM POETS&QUANTS IN 2024 London Business School’s New Dean Was Once Forced To Flee Vladimir Putin’s Russia Economist Sergei Guriev was named the new dean of London Business School in January. He took over from Francois Ortalo-Magné at the start of the 2024-25 academic year London Business School’s new dean is a world-renowned economist and Russian expatriate who fled his home country more than a decade ago after months of an ominously mounting investigation by Vladimir Putin’s police. The MBA App Slump Cost The Top U.S. B-Schools $3,444,990 Last Year A P&Q analysis of data released by U.S. News as part of its 2024 MBA ranking shows that across the top schools, including 17 of the top 20 as ranked by P&Q, the estimated total loss from app fees alone in the 2022-2023 cycle was $3,444,990. The Curtain Is About To Rise On NYU Stern’s Big Mideast Venture: An Accelerated MBA In Abu Dhabi It will be the only full-time MBA program brought by a top U.S. business school to the Middle East-North Africa region. It will serve as the key cog in a pipeline of young professionals who want to build their careers in the MENA region. After years of preparation and planning — and especially the last year of intense work — it’s almost ready to launch. The NYU Stern School of Business at NYU Abu Dhabi, in the United Arab Emirates, opens its one-year full-time MBA program in January 2025. Biggest Myths About Your Favorite Business Schools Babson College has long been synonymous with entrepreneurship. That comes with its pros and cons. Stand out in one key facet, the business gurus say, and you’ll forever differentiate yourself. The downside, of course, is the risk of being pigeonholed as a specialist. To an outsider, the Olin Graduate School of Business is a startup lab. Students are constantly forming teams and testing ideas. However, Olin is hardly a vocational school for aspiring founders. More than a pervasive spirit, Olin entrepreneurship is a step-by-step approach that that students repeat every day. It is grounded in Entrepreneurial Thought and Action, a philosophy that demands students pinpoint an idea’s impact and value, conduct intensive research, continuously perform small experiments and forward-moving actions, and identifying means and risks. Regrets? Too Few To Mention For Departing Gies Dean Jeff Brown Gies College of Business Dean Jeffrey R. Brown Even before his last official day as dean of the Gies College of Business, Jeffrey Brown will be canoeing down the Noatak River in the Alaskan wilderness. For one of the few times in the nine years since he took over the deanship of the University of Illinois’ business school in 2015, no one will be able to reach him via cell phone. There is no cell service in the Gates of the Arctic National Park which can only be reached by floatplane. Professor Scott Galloway On Why The Kids Are So Angry On its face, Scott Galloway’s latest book, “The Algebra of Wealth: A Simple Formula For Financial Security”, is a straightforward guide to maximizing your money in the face of great economic challenges, especially for young workers. But between the lines it is also an acknowledgment that the youngins are angry. Enraged, actually. And rightfully so. The economic system that made baby boomers wealthy now seems hellbent on yanking the rug out from beneath the up-and-comers. Today’s young workers face economic realities that their parents and grandparents simply did not: rising inflation, soaring housing prices, unbridled student debt, AI labor disruptions, and a climate crisis that could someday make all of it moot. It’s almost inevitable that such anger will spill over, Galloway says: Just look at what’s happened on college campuses across the country since the October 7 Hamas attack on Israel. John Byrne: What Trump’s Victory Means For Business Education What can you expect from Trump’s November victory? A plunge in international applicants. Applicant pools and class cohorts will experience a significant decline in prospective students from abroad. Many international applicants decided to hold off on applying in round one deadlines so that they could submit an application knowing the outcome of this election. With this Trump win, they will perceive the country as unwelcoming and suspicious of them and choose to study elsewhere. The elimination or diminishment of OPT (optional practical training). In the past ten years, one business school after another has rushed to get STEM designation for its graduate programs. Going STEM assured international students of landing a job in the U.S. for three full years. That extension allowed these graduates to apply for an H1b vision in three lotteries. Trump’s senior advisor, Stephen Miller, has shaped Trump’s draconian immigration policies. Miller, who played a role in Trump’s zero-tolerance policy, has OPT in his crosshairs. The dismantling of the Department of Education. This long-promised piece of Trump’s policy agenda is a likely outcome of the election. After all, it fits with the war on the educated that the Republican Party has been waging under Trump for some time. The impact of either the department’s abolishment or a major reduction in funding could make it more difficult for students to access federal financial aid, harm schools that rely on federal money and make higher education a riskier proposition. The elimination of all funding for universities and schools that have diversity and inclusion policies. Many universities have devoted significant resources to DEI offices and policies that are widely seen by Trump enthusiasts as disguised mandates for affirmative action. DON’T MISS CELEBRATING OLD INNOVATION IN BUSINESS EDUCATION: POETS&QUANTS BEST IN CLASS AWARDS FOR 2024 Previous PagePage 6 of 6 1 2 3 4 5 6 © Copyright 2026 Poets & Quants. All rights reserved. This article may not be republished, rewritten or otherwise distributed without written permission. To reprint or license this article or any content from Poets & Quants, please submit your request HERE.