The following are some interesting MBA-related articles that I read this week
Article 1: Stanford GSB Grad Swipes left on Tinder; founds new dating App
Entrepreneurship is a hot topic in business school, especially at tech hotbeds such as Stanford. One Stanford Alum, armed with a tech background is trying to turn that dream into a reality with her Tinder-killer dating app.
Amanda Bradford, Stanford GSB, ‘14
Amanda Bradford, a GSB ’14, Alum was recently profile in the NY Times for her new App “The League,” dubbed by the Times as a Dating App for would be power couples, The League is a much smaller, more selective, and more curated dating app meant to pair up highly educated and intelligent men and women. While some such as Bloomberg have called it elitist, Bradford believes that is its strength. She tells the NY Times, “We’re trying to hit home that these people do have high standards. They’re not accepting everybody.” If you want to find out if you meet their standards, you can check out their website and jump on their waitlist here.
Article 2: Techies and Consultants Rule, Investment Bankers Drool (At least amongst MBAs)
The Economist wrote an article last week about the rise of consulting and technology and the “demise” of investment banking. The crux of their argument stems from London Business Schools’ graduating classes from 2007 to 2013. In the article, the following occurred between 2007 and 2013
An interesting point of differentiation is that banks often expect their employees to be with them in 5 years whereas consulting firms ask their future consultants where they will be in 5 years. This optionality and flexibility seems to ring true to MBA Graduates’ ears.
Finally, Tech seems to also be picking off of some of the slump in Financial Services. Of the Top 8 Recruiters at INSEAD Business School in Paris, France half of them are Technology firms (the other half are consulting firms) This mirrors some of the data that rings true at MBA programs in the US, where at some schools Tech industry placements have risen dramatically over the past few years. For instance, Fuqua doubled their Technology placement in 2014 and Sloan also had a record year for Tech placement. Bottom Line: MBA’s are swiping right on The Google’s, LinkedIn’s and Bain’s and passing on the Banks.
Article 3: Ross and Yale Admissions having record years
Poets & Quants did an article on some recent admissions news out of Michigan (Ross) and Yale (SOM) where admissions are up substantial amounts year over year. Yale says applicants are up about 36% to date (unofficial, but still fairly accurate) whereas the combined application numbers from Rounds 1 and 2 at Ross have already surpassed all yearly totals in recent history and there are still two rounds remaining. The secret sauce? Better marketing and better connections with students, particularly through digital channels. Both Ross and Yale talked about leveraging their communications more strategically and making them more targeted and connected to their end user.
Article 4: HBS Conducts its NPS: The result? Meh?
The Harbus, Harvard Business Schools’ reputable newspaper recently conducted a “statistically significant” (their words not mine) Facebook survey to determine the NPS of HBS. The result? A 41. What does that even mean? Well, it translates into about 51% of respondents considering themselves very likely to recommend HBS to a friend or colleague, making them just as beloved as companies like Walgreens (42) and State Farm (45.) Some highlights:
- Many promoters cited the high calibre and attitude of their classmates, as well as the quality of the in-class learning experience. One commenter whose views were representative of those of others said, “The caliber of people at HBS sets it apart. Aside from being intelligent and well-accomplished, I find HBS students are on the whole to be thoughtful, warm, and humble. It makes every day here a true pleasure.”
- Other promoters cited the professional opportunities offered by the program. One said the program offers, “Unparalleled professional opportunities available after graduation. Unbelievable access to influential leaders while at school. A large and powerful alumni network.”
- HBS pushed me too hard
- HBS “do themselves a disservice by packing the schedule so full in RC year, it reduces the time people could put toward career exploration and getting to know classmates.”
Some unfortunate but perhaps true realties
- Class is a huge issue. Making friends here is expensive
- I would have enjoyed my social experience at HBS more if people would do more coffee chats than drinks! (As a non-drinker I can sympathize..)
Kudos to HBS for undertaking this experiment. I’d love to find out where other schools score on this test.