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News from Harvard Business School
“C? RC? Aldrich? What’s an Aldrich?
“Every organization has their own acronyms and jargon and HBS is no exception. If you are new to recruiting at HBS let us provide an HBS to English dictionary to get you acclimated to terms you’ll see on our website and on campus.
“Before we kick off the ABCs, let us introduce ourselves. We are HBS CPD – Harvard Business School Career & Professional Development.
“A – Aldrich. Aldrich Hall is one of our main academic buildings where most MBA classes are held. If you are participating in an on-campus presentation it will likely be held in Aldrich Hall.
“B – Bidding. Bidding is an opportunity for first year students interviewing for internships to get onto your On-Campus Interview schedule if they have not been invited to interview. This concept may seem odd at first, but 80% of our students are career switchers. You may find that a student who isn’t an exact fit on paper is the ideal candidate for the job when you meet them in person. Each year companies hire students who were on their interview schedule through bidding.
“C – Company Conversations. You might know Company Conversations as Coffee Chats at other MBA schools. These 1:1 or small group meetings are a great way to connect with students and get to know them on a personal level. Company Conversations can be invite-only or open for any student to sign up.”
Seated, left to right: Swati Patel WG18, founder and former president; Sorina Codrea WG18, former vice president. Standing: Anuj Khandelwal WG19, president; Johnny Hammond WG19, vice president; Brian Bunyard WG18, former VP of operations; Amy Lee WG18, former VP of marketing. Photo: Colin Lenton
On A Mission To Make Finance Personal
News from The Wharton School at the University of Pennsylvania
“Financial literacy remains a key challenge for both developing and developed economies. Ten years after the 2008 crisis, many people continue to grapple with an array of personal finance matters amid a fragmented educational landscape. While the lack of mandatory, standardized curriculum within the traditional schooling system contributes to the chaos, there is a growing consensus on the need to improve financial knowledge.
“In the fall of 2016, I pitched an idea to Michael Roberts, William H. Lawrence professor of finance, and Howard Kaufold W75, vice dean of the MBA program and adjunct professor of finance. With their support, Common Cents was founded as a Wharton initiative to empower and educate MBA students on personal finance. By gauging students’ interests each year, Common Cents ensures that programming addresses relevant knowledge gaps and remains topical. Workshops and discussions are conversational rather than academic, to increase engagement and participation. For example, as a service to students who were thinking of buying a home, Common Cents invited classmates who were homeowners or rental property owners to share their knowledge about and experiences with the residential real estate market.
The Countries Getting The Highest Return On Education
News from INSEAD
“In measuring performance in education or healthcare, societies often mistakenly focus on inputs rather than outcomes. That is, it is common to erroneously measure success by counting the resources devoted to it. But expenditures do not equal success. Indeed, societies would like to spend – for an equivalent outcome – as little as possible.
“The United States is the global leader in dollars spent per student in tertiary education, yet its students rank 42nd globally on the GMAT, a standardised test used primarily for admission to post-graduate schooling. There is a similar disconnect between inputs and outputs for the PISA, a test administered by the OECD to a broad sample of 15-year-old students. Luxembourg spends the most in absolute terms per student in the primary and secondary stages of education, yet ranks 32nd on the PISA. If expenditures were calibrated against the size of the economy, the global leader in education would be Botswana.”
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Check Out Some Of The Most Popular Michigan Ross MBA Courses
News from University of Michigan Ross School of Business
“From product development to advanced skills with data analytics, the courses Michigan Ross MBA students are lining up to take this year cover a broad range of interdisciplinary topics and skills.
“Here are some of the courses that have the most Ross MBA student interest this academic year, and the ones they’ll be talking about long after they graduate.”
Keep An Eye On The Road Ahead When Estimating Cost Of Equity Capital
News from Notre Dame University Mendoza College of Business
“Estimating investment returns is tricky — especially, to paraphrase an old Danish saying, when dealing with the future.
“Still, it comes with the territory when you’re a financial manager tasked with evaluating the capital investment opportunities that will drive your firm’s strategies and determining which ones will maximize returns. One of the standard tools of the trade is cost of equity capital estimation (COEC). While this estimate strongly influences corporate capital budgeting decisions, exactly how it’s calculated and what assumptions drive the estimate can vary.”
IU Kelley alumnus Douglas Hamilton, right, and his partner, Donald Vossburg, are making a major gift to Kelley to establish a new scholarship program for LGBTQ+ students. Photo by Josh Anderson
Alumnus, Partner Create LGBTQ+ Scholarship for IU Kelley With $2.2M Gift
News from Indiana University Kelley School of Business
“A new transformative scholarship program for LGBTQ+ students at the Indiana University Kelley School of Business is being made possible through a $2.2 million gift from alumnus Doug Hamilton and his partner of 35 years, Don Vossburg, of Noblesville, Indiana.
“The annual Out in INformation Technology Scholarship will support a student who is actively involved with the lesbian, gay, bisexual, transgender and queer community. Preference will be given to students from Indiana and those who also are studying operations, decision technologies or business analytics.”
Why We Can’t All Get Away With Wearing Designer Clothes
News from Northwestern University Kellogg School of Management
“Imagine yourself at a meeting with an accountant. You spot a Rolex watch on her wrist, and a Louis Vuitton handbag on her desk. Seeing those luxury goods might inspire confidence—after all, the accountant must be good at her job if she can afford them.
“Now imagine yourself confessing your innermost hopes and fears to a therapist who is sporting the same flashy items. Would you view her as favorably?
“Maybe not, according to a new paper by Derek Rucker, a professor of marketing at the Kellogg School, on the surprising (and potentially unfair) downsides of luxury consumption.”
Are data from massive open online courses a crystal ball into the future of online education? Data from Science Magazine/Chart by Lydia S.C. Rosenberg
Can MOOCs Predict The Future Of Online Education?
News from HBS
“The best use of massive open online courses (MOOCs) may be in providing instruction that leads to online professional degrees—not the extension of basic college education to U.S. and international learners who do not have access to existing higher-education institutions. That conclusion is spelled out in a forum titled ‘The MOOC Pivot’ published in the January 11 issue of Science. Co-authors Justin Reich and José Ruipérez-Valiente argue that low student retention and enrollment declines in MOOCs mean that their applications and effects differ significantly from the enthusiasm that accompanied the launch of the edX platform in the spring of 2012. The researchers use data provided by HarvardX and MITx — edX’s founding partners — from their courses offered from 2012 to May 2018; they argue that MOOCs ‘will not transform higher education and probably will not disappear entirely either.’ Instead, they predict that the field will coalesce ‘around a different, much older business model: helping universities outsource their online masters degrees for professionals.’ Their prediction seems to strike a blow at the heart of edX’s mission: to ensure access to quality education for learners around the world.
“But critics of the study fault it for extrapolating from the data on MOOCs — typically offered free online as individual courses in a broad range of subjects already being taught to residential students — to paint a generally bleak picture of the potential for online learning in general.”
Tuck Students Travel To Puerto Rico To Research Energy Crisis
News from Dartmouth College Tuck School of Business
“When Hurricane Maria struck in September 2017, Puerto Rico plunged into a blackout — one that would last for almost an entire year. Last November, staff from the Revers Center for Energy at the Tuck School of Business and ten of its MBA fellows traveled to Puerto Rico to research the factors that contributed to the prolonged energy crisis.
“’The main objective was to gain exposure to how an island adjusts to certain situations compared to a big country like the U.S.,’ Vengatesh Muralidharan Tu’19 said.
“In preparation for the trip, many of the MBA fellows took courses in energy economics and interned for companies in the field, according to Aygul Sanzyapova Tu’19. He said that before the fellows left for Puerto Rico, they compiled online articles about Puerto Rico’s recent challenges to discuss as a group.”
Q&A: How To Practice ‘Everyday Courage’
News from University of Virginia Darden School of Business
“University of Virginia professor Jim Detert studies courage.
“More specifically, the Darden School of Business professor studies courage in the workplace – the kind of courage it takes to disagree with your boss, put forth a new plan, confront a negligent coworker or hold a difficult client to account.
“’Generally, people speak up if they feel it is safe, or stay quiet if they don’t,’ said Detert, a professor of business administration and associate dean for executive degree programs and leadership initiatives. ‘However, as we began studying workplace relationships, we realized there is a third category: those who realize it is not safe to speak out, but still do so.
“’That is clearly a type of courage – whether it is speaking truth to power or speaking up in your relationships with peers, subordinates, clients or customers.’”
LAST WEEK: $3M GIFT TO ASU’S CAREY SCHOOL ESTABLISHES NEW BIZ CHAIR
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