MBA Advisor

Tuesday, February 27, 2018

Research MBA Programs :: RE: Ask a Wharton MBA: Admissions and GMAT FAQ [Video] - Research MBA Programs

Author: ErikaPrepScholar
Posted: Tue Feb 27, 2018 4:14 am (GMT -8)

Looking at applying to Kellogg? We also interviewed Kellogg MBA and Director of GRE/TOEFL at PrepScholar Yuan Geng for her answers to GMAT and Admissions FAQs.

Check out the video using the link below!

Ask a Kellogg MBA: Admissions and GMAT FAQ [Video]
https://www.prepscholar.com/gmat/blog/ask-a-kellogg-mba/
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Erika John - Content Manager/Lead Instructor
http://gmat.prepscholar.com/gmat/s/

Get tutoring from me or another PrepScholar GMAT expert: https://gmat.prepscholar.com/gmat/s/tutoring/

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Check out our PrepScholar GMAT YouTube channel, and read our expert guides on the PrepScholar GMAT blog

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MAH-CET 2018 Admit Card to be released tomorrow, Download @ dtemaharashtra.gov.in - Jagran Josh

Maharashtra MAH-CET 2018 Admit Card will be released by the DTE Maharashtra tomorrow i.e. 28^th February 2018. The Maharashtra MBA 2018 Admit Card will be available for download on the official website of the government i.e. dtemaharashtra.gov.in. Candidates who have successfully registered for the MBA entrance test can download their MAHCET Admit Card online easily.

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SPJIMR Mumbai Placement 2018: Average Salary rises Rs 22.24 Lakhs - Jagran Josh

SPJIMR Mumbai – one of the best MBA colleges in India, concluded the final placement process for the outgoing MBA batch. Like all other top MBA Colleges in India, the B-school saw positive statistics emerge during the placement process including rise in the average salary, mean salary and median salary being offered to the students. Get all the details and analysis about the SPJIMR Placement 2018 report here.

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Monday, February 26, 2018

How His Grandmother’s Death Led To A Harvard MBA Startup - Poets&Quants

RubiconMD Co-Founders Gil Addo, CEO, [left] and Carlos Reines, COO (Photo by Esther Quintana)

Harvard Business School MBA Gil Addo always knew he wanted to play a role in the healthcare space. When he was a child, his grandmother was diagnosed with a brain tumor and started commuting thousands of miles between Barbados and Boston for surgery and a long series of post-op appointments. Addo witnessed firsthand the toll this took on his grandmother who died in 2000. But it wasn’t until years later that this incident alerted Addo to a flaw in the healthcare system.

He noticed that all of the best medical expertise was located in “centralized hubs” like Boston and was therefore inaccessible to tons of individuals. In 2013, thirteen years after his grandmother’s death and two years after graduating with his MBA, Addo started RubiconMD, a company that connects primary care providers and specialists digitally, making it easier for patients to gain access to the best medical expertise.

Addo attributes the start of his company to the skills he gained at Harvard Business School as well as the firsthand experience he got while working at Putnam Associates, a strategy consulting firm focused on the pharmaceutical and biotech industries. He discovered his co-founder at an MIT hackathon and the path they took to create RubiconMD has since been made into a Harvard Business School case study. In Addo’s words, RubiconMD’s bottom line is all about “value-based care”, meaning that the intent is to deliver better care at a lower cost to benefit the people who need it the most.

AN HBS CASE STUDY EXPLORES HOW THEY LANDED THEIR FIRST CUSTOMERS

The Harvard Business School case study on RubiconMD, with Gil Addo’s nameplate in class

When Addo was in the beginning stages of starting RubiconMD, he attended an MIT hacking event where he met his soon-to-be co-founder, Carlos Reins. Reins was still a student at HBS, but the two “started dating” in the business sense, which Addo described as a turning point in the development of RubiconMD. He had taken the consulting job to help down his student debt. After a two-year stint at Putnam, he and Reins, who would graduate with his MBA in 2014, started RubiconMD in 2013. At the top of their list to help make RubiconMD a reality was to figure out if a digital system to connect primary care providers with specialists was something that doctors would use. They met with doctors and specialists to do test-runs of the software platform they developed. These low-tech trials went well, but then the pair had to answer another question: Would RubiconMD help save the healthcare industry money? Their research told them that 40% of visits to specialists are unnecessary. Addo and Reins believed they could save the system money by making it easier for primary care providers to access the right information for their patients. The last question they had to ask themselves: Will people buy it?

Turns out people would. Their first customer, who is still a customer today, was Iora Health, based in Boston, Massachusetts. They were connected to Iora by Trevor Price, the founder of Oxeon Partners, a healthcare growth services firm based in New York City. Now, RubiconMD and Oxeon share office space in Lower Manhattan.

After being introduced to their first couple of clients by Oxeon, the founders started on a somewhat unconventional path to procure more clients and grow their business. “We took this path which has been documented, it’s actually in an HBS case study that’s now taught there,” says Addo. “They [Havard Business School] basically lay out how we went from getting customers who signed, to figuring out what the market was. And so we just slowly started moving up market. We got good buyer signals.” The other thing that helped? They instituted a marketing system called 90 in 90, meaning that they would get in front of 90 potential customers in 90 days to pitch the idea of RubiconMD. “The reason we came up with this idea was we weren’t 100% sure, because health care is so complex, who was the true customer.”

A SELF-DESCRIBED SCIENCE GEEK

Growing up, Addo was “a math, tech, science geek,” but he didn’t necessarily know that he wanted to be an entrepreneur. He studied biomedical engineering at Yale, but after long hours in the lab, he quickly determined that “I had always been business inclined … Maybe more of a hustling mentality if you will.” So he tacked on an economics major to give him a business backbone. Addo was accepted to Harvard Business School while still a student at Yale. He was one of the youngest students in his program at twenty-three-years old. The program he was entering, called 2+2, was new for HBS at the time (2007), comprising of two years of classroom study with a minimum of two years of professional work experience. Addo fulfilled his work experience requirement by working for Xerox in investor relations. When he finally stepped on campus in 2011, he zeroed in on exactly the type of business he was interested in and wanted to make an impact on: “I wanted to build a business that kind of supported that bottom line—doing well and doing good.”

Although he determined at Yale that he wasn’t cut out for a career in life sciences, his main focus for business was still in healthcare. In his second year at HBS, Addo hosted the student-run healthcare conference, which he described as a gateway to start meeting people in the healthcare space and making connections.

Also in his second year at HBS, Addo and his classmates took a trip to India to look at different models of healthcare. “While I was there I saw this model where they essentially use technology to leverage, in rural areas, the specialists that are sitting in centralized cities,” he recalls. “And they use the community center as the hub to get the expertise for healthcare among other things.” What he discovered in India was more or less a springboard for what he would eventually base RubiconMD on, “[I] thought that there was something you could build on if you could add technology and apply it here in the U.S. you might be able to solve some of the challenges with access.”

RESTRUCTURING THE PATIENT, DOCTOR, SPECIALIST RELATIONSHIP

All the while, his grandmother’s experience was at the forefront of his motivation. “We were very close,” says Addo. “From the time I was nine months old until I started high school, we went to Barbados each year to visit my grandparents and family. And my grandmother took vacation to visit us in Connecticut almost every year.

“There’s some things that you can’t do remotely. A lot of it is tied to the fact that the expertise to manage patients like that doesn’t reside in places like Barbados. But it does reside in these communities in Boston and in these hubs around the country.”

In response to this fundamental issue of lack of access, RubiconMD seeks to restructure the relationship between doctor, patient, and specialist, whereby technology steps in and acts as a vehicle for communication, putting less pressure on the patient. “Through RubiconMD, primary care providers go to our platform and they put in any relevant patient information, and through our platform, we’ve assigned cases to specialists who provide same-day, digital consult back to the primary care provider,” explains Addo. “And then the final thing is that this allows these primary care providers to determine whether or not further specialist intervention is necessary.”

The customers of RubiconMD are health plans themselves who purchase their eConsult platform and “roll out the solution with primary care providers or people tied to that health plan or that health system.” RubiconMD charges the healthcare systems a fee to use the platform and the specialists that RubiconMD hires receive payment from the company each time they respond to an eConsult.

By restructuring how patients get access to medical expertise, RubiconMD hopes to make it easier for people who don’t live in medical hubs like New York or Boston to receive advice more quickly and maybe even save them a trip to see a specialist if their symptoms don’t warrant one.

GAINING VALUABLE EXPERIENCE AND CONTACTS AT PUTNAM

In between HBS and the start of RubiconMD, Addo worked at Putnam which provided valuable experience for his role as an entrepreneur. For one thing, it allowed him to save money to start his business. For another, the consulting gig offered him access to more people in the healthcare industry. He worked on orphan drugs—pharmaceuticals developed for a small group of people who suffer from very rare conditions—and finding ways for these drugs to be more accessible to the people who need them. His exposure to medical specialists gave him an edge when it came to understanding the structure between patient, primary care provider, and specialist. “You find out that a lot of the specialists don’t see the patient until they’re further along,” he says. This serves as a problem in cases where early intervention is crucial to treat certain illnesses.

A lot of the exposure that Addo got at Putnam solidified his understanding of the healthcare system and what needed to be fixed. From the experience with his grandmother to the healthcare models he’d found in India, it was all starting to come together when he learned from working closely with specialists that lack of access was a critical issue of many patients. His Putnam job also have him a head start on raising seed capital. RubiconMD also has a team of investors such as Waterline ventures based in Boston, the California Health Care Foundation, Blueprint Health, More Distribution Please (through Athena Health), and more. “What they’re [investors] betting on isn’t the fact that we know and understand everything, it’s the fact that we’re pretty quick at getting access to the information that we need. Getting in front of the people that we need to and learning fast enough to grow with the business.”

THE FUTURE OF HEALTHCARE IS BASED ON VALUE

Addo put a lot of emphasis on value-based healthcare, which he says is part of the company’s mission. It’s the idea that a company should add positive value to the industry and at its cores does work to help others. With the understanding that 20% of GDP is now consumed by healthcare, Addo believes that RubiconMD’s effort to reduce costs makes the company essential no matter what the politics are around healthcare. “There was an early feature on us called ‘A Healthcare Startup That’s Big on Obama Care.’ We understood that that’s where the world was going.” Addo believes that RubiconMD is about solving the problem of access, not peddling a political agenda. “At this point, we understand that it’s not a bi-partisan issue, irrespective of all the things happening in health care right now, and all the things happening in DC.”

While Addo says real world experience is critical when it comes to starting a business, he acknowledges that his time at Harvard Business School was extremely helpful. “People ask, what’s it like running a company? It’s like using every single class of your MBA every week.” More than that, however, he has found the alumni network to be a source of great support. “If I ever need to learn or understand things in a different space, I have such a broad base of people doing interesting things that I can tap into.”

As Addo puts it, “My job changes every four to six months.” Owners of start-ups have to be able to adjust to the various roles of running a company; being the face of that company; pitching it and yourself several times throughout the week. Addo reverts back to the idea of an “MBA toolkit,” a set of skills and insights that come from classes and resources offered through MBA programs. He thinks that his MBA helped him do market research and communicate with key stakeholders from potential clients to investors. The professors and advisors that he had at HBS, even alumni, continue to offer a network for him to tap into.

At the end of the day, however, his memory of his grandmother’s experience is a constant reminder of why he is committed to making RubiconMD more than just a company. For him and his co-founder, this five-year-old startup has become a mission.

The post How His Grandmother’s Death Led To A Harvard MBA Startup appeared first on Poets&Quants.

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B-School Bulletin: 8 Pioneering Penn Figures In Black History - Poets&Quants

Photos from University of Pennsylvania Archives and Records Center

A Look At 8 Pioneering Figures In Black History At Penn

News from The Wharton School at the University of Pennsylvania

For three weeks now, Penn has joined communities across the country to commemorate Black History Month.

In light of the annual, month-long observance, The Daily Pennsylvanian dug into the University’s archives to present a brief history of black students, faculty, and staff at Penn.

When it came to researching the gig economy, driving for Uber made it “easy to get embedded in the market as you analyze it,” Paul Oyer says. Winni Wintermeyer photo

What An Economist Is Learning By Driving For Uber

News from Stanford Graduate School of Business

“Over the past few years, Stanford Graduate School of Business professor Paul Oyer has explored the growing gig economy from many perspectives. He’s analyzed hourly and annual income differences between freelancers and full-time employees. He’s researched (and consulted for) Upwork, the world’s largest freelance website. He’s nosed around Uber’s database. And last year, to better understand how the ride-sharing platform works, he became one of the company’s certified drivers.

“We recently sat down with Oyer. Our main goal was to learn more about the many cultural shifts being caused by the exploding gig economy, but we also wondered what a tenured professor of economics learned by driving people around for money.”

Dayne Walling at Averbuch Auditorium

Four Lessons In Leadership From The Former Mayor Of Flint, MI

News from Vanderbilt University Owen Graduate School of Management

“After the City of Flint switched water supply sources from the Detroit water system to the Flint River in April 2014 while under a state-appointed manager, local residents began complaining about the smell, taste, and color of the water, and claimed it caused skin problems. Eventually, health issues emerged, including an outbreak of Legionnaires disease and signs of lead poisoning in children.

“During the first months of the crisis, then-mayor Dayne Walling tried to respond to complaints and address the known problems. As the crisis continued, Walling lost his mayoral re-election campaign in November 2015, ending his two terms in office. Eventually, the water was found to contain high levels of bacteria and lead due to insufficient water treatment and corrosion prevention.”

What It Takes To Transform Your Firm

News from Northwestern University Kellogg School of Management

“In business, longevity requires continual transformation from companies. Sometimes small adjustments are sufficient. But other times businesses need to reconceive their most fundamental operations in order to survive and stay vital.

“’Organizations can never exist effectively in a steady state,’ says Brink, now a senior fellow and adjunct professor in the markets and customers initiative at the Kellogg School.”

Spanning The Boundaries That Limit Organizational Innovativeness

News from INSEAD

“By their very nature, multinational corporations straddle many boundaries, most obviously national, cultural, economic, institutional and organisational. Adding to the challenge is the fact that these boundaries span both the external and internal contexts in which the firm’s units operate. As such, they can become a source of conflict as organisations try to reconcile the search for efficient global integration with the need to compete in diverse local environments.

“External boundaries range from tangible ones such as accounting practices, reporting standards or labour laws, to more subtle ones such as customers’ cultural preferences or channel practices. Internal boundaries include cognition and modes of action across geographies and cultures, as well as functional and knowledge domains. As many managers will be aware, mergers and alliances can add further layers of professional and organisational boundaries which are difficult to erase. For example, even though they merged in 2004, Air France and KLM still retain distinct cultures, attitudes and behaviours. And years after the merger that led to the creation of Novartis, staff continued to identify as either Ciba-Geigy or Sandoz employees.”

Why These Wharton Faculty Love Teaching In San Francisco

News from The Wharton School

“Since its founding in 2001, Wharton San Francisco has been a hub of academic and entrepreneurial activity for Wharton students and alumni on the West Coast. Overlooking the city’s Embarcadero and a block from the Bay Bridge, the modern campus offers stunning views of the San Francisco Bay.

“EMBA courses at Wharton San Francisco are taught by East Coast-based faculty who fly to San Francisco for class weekends. Wharton faculty love teaching on the West Coast. We asked a few of them to share what they enjoy most about EMBA students and our San Francisco campus. Here is what they said:”

Professor Kalyan Talluri is Program Director of MSc Business Analytics (Online)

Imperial College Business School Launches Online Masters In Business Analytics

News from Imperial College Business School

“Imperial College Business School is set to run its first Online Masters in Business Analytics program from October 2018.

“Modelled on Imperial’s existing offline MSc in business analytics, the MSc Business Analytics (online delivery, part-time) program has been built specifically to cater to business professionals around the world who wish to develop their capabilities in data analytics, programming and machine learning.

“The program will be delivered through The Hub, Imperial’s purpose-built online learning environment developed from the ground up by the School’s award winning Ed Tech lab.”

Perfectionism Is Increasing, And That’s Not Good News

News from Harvard Business School

“According to the World Health Organization, a record number of young people worldwide are suffering from serious depression or anxiety disorders. In some sections of society, there is a tendency to dismiss this trend as the product of an over-indulged, over-entitled, and over-sensitive ‘snowflake generation.’

“To the contrary, there is growing evidence that the increase in psychological ill-health of young people may stem from the excessive standards that they hold for themselves and the harsh self-punishment they routinely engage in. Increasingly, young people hold irrational ideals for themselves, ideals that manifest in unrealistic expectations for academic and professional achievement, how they should look, and what they should own. Young people are seemingly internalizing a pre-eminent contemporary myth that things, including themselves, should be perfect.”

How To Thrive As An Introvert At HBS

News from HBS

“Diamond Richardson is a first-year student at HBS (class of 2019). She is the co-founder of Thrive, a community designed to support women of color who are pursuing MBAs and careers in business and tech. Here, Diamond shares her experience and tips for future students about what life is like at HBS as an introvert.

“Do you have to be an extrovert to attend HBS?

“HBS is a social place. There is no doubt about it. You could easily fill up every second of your non-class hours with coffees, intramural sports, happy hours, dinners, and parties. In this environment, it is easy to feel like you have to be a person who gets energy from all of this constant social interaction (an extrovert) to be happy here. I, however, am an introvert. That does not necessarily mean I am shy. I love talking to people and listening to their stories. Despite that, I’ve learned that I need some downtime each day to recoup from my interactions and recharge.”

McCombs Graduate Education Center Modernizes A Main Campus Entrance

News from the University of Texas-Austin McCombs School of Business

“After more than nearly four years of construction, UT celebrated the grand opening of Robert B. Rowling Hall, the new graduate business education center in the McCombs School of Business.

“’Well finally, we have Rowling Hall after five years,’ said UT President Gregory Fenves at the grand opening on Thursday afternoon. ‘When I started — I started as president two and a half years ago — it was known as “Rowling Hole.”‘

“The new facility is five stories tall, with an additional six stories of underground parking, which provides more than 400 parking spaces. It has 17 classrooms, 23 conference rooms, 21 interview rooms, 80 study and breakout rooms and a 15,000 square-foot ballroom. The building also has a bar and a cafe, which was named ‘Moontower Cafe’ by a business student, who won the restaurant’s naming contest in 2015.”

DON’T MISS LAST WEEK’S DATA-PACKED BULLETIN

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Bombay EMBA students celebrate graduation with dean, chancellor - Olin BlogOlin Blog

WashU Chancellor Mark Wrighton traveled to India with Olin Dean Mark P. Taylor for the graduation ceremony.

The post Bombay EMBA students celebrate graduation with dean, chancellor appeared first on Olin Blog.

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P&Q Live Interview With Carnegie Mellon Tepper Dean Dammon On Our Debut Ranking Of Online MBA Programs - Poets&Quants

Tepper School of Business Dean Robert Dammon discusses the school’s No. 1 ranked online MBA program and how it differs from rival offerings. He also provides advice to would-be applicants who are considering an online MBA degree program.

The post P&Q Live Interview With Carnegie Mellon Tepper Dean Dammon On Our Debut Ranking Of Online MBA Programs appeared first on Poets&Quants.

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Tuesday, February 27, 2018

Monday, February 26, 2018

A Look At 8 Pioneering Figures In Black History At Penn

What An Economist Is Learning By Driving For Uber

Four Lessons In Leadership From The Former Mayor Of Flint, MI

What It Takes To Transform Your Firm

Spanning The Boundaries That Limit Organizational Innovativeness

Why These Wharton Faculty Love Teaching In San Francisco

Imperial College Business School Launches Online Masters In Business Analytics

Perfectionism Is Increasing, And That’s Not Good News

How To Thrive As An Introvert At HBS

McCombs Graduate Education Center Modernizes A Main Campus Entrance

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