Happy New Year! You might be fighting off fatigue after a long holiday period, but business schools are re-opening their doors for the new year, welcoming their January intakes and bringing a new batch of business school news.
It's our first Applicant Bulletin of 2019. Here’s what you need to know for the month ahead.
The Financial Times name London Business School the best in Europe
It wouldn’t be an Applicant Bulletin without some rankings news, and this month it comes from the Financial Times, who named London Business School the best in Europe in December last year.
LBS have the second highest-ranking full-time MBA in the world, with their Master’s in Management coming third overall—evidence of a high standard of teaching that has landed them the top European spot.
HEC Paris scored second place after LBS, with its TRIUM EMBA program coming out on top in the overall EMBA rankings. The top three is rounded out by big international player INSEAD, whose full-time MBA ranks number one in the world.
Look out for the FT's Global MBA Ranking out later this month.
See a full breakdown of the rankings here: Best European Business Schools In 2018, According To The Financial Times
USC Marshall faces backlash over firing of popular dean
The Marshall School of Business at the University of Southern California (USC) has faced backlash this month due to the dismissal of the popular dean, Jim Ellis.
Interim USC president Wanda Austin made the decision, reportedly based on allegations that the dean had failed to adequately respond to a series of complaints of racial and gender bias in his organization.
However, the move has caused consternation among donors to the school, with Poets & Quants reporting that the school could stand to lose between $30 and 40 million in support because of disagreement with Austin’s decision—a hefty price indeed.
Tech-focused MBAs at Tepper look further afield in jobs search
Carnegie Mellon University’s Tepper School of Business has traditionally been a haven for MBAs with aspirations in the tech industry, with 43% of their MBA class taking up jobs in the sector in 2017.
However, it was recently reported that this figure fell for 2018, with 33% of grads accepting jobs in the industry.
This is, of course, still a third of the graduating class, but the change represents some significant jumps in other areas, for instance consulting, which saw an increase of interest of about 20%.
Could this be indicative of trends in other schools, too? We shall have to wait and see.
And finally, business school deans predict trends for 2019
From specialization in the Asia Pacific region to forecasts for how the UK will respond to Brexit, deans from across the world have weighed in on what they expect to happen in 2019.
Perhaps one of the more surprising predictions comes from Francois Ortalo-Magné, the dean of London Business School, who insists that the UK stands to benefit from Brexit. Meanwhile, Rhoda Davidson, director of MBA programs at EMLYON Business school says continental Europe will have the most to gain.
You can read more of the deans’ predictions here: 12 Trends That Will Shape Business School Education In 2019, According To Deans
That’s it for January! Happy New Year—we’ll see you next month for the next Applicant Bulletin.