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VIDEO: GMAC Hits Back At 'MBA Is Dead' Claims

A brand new tech MBA, WeWork's disastrous IPO, and suggestions that the MBA is dead—we tell you everything you need to know this month

By  Simon Lovick

Mon Oct 21 2019

Falling US applications, WeWork's falling stock prices, and accusations in the press that the MBA is dead—but it isn't all bad news. 

In our monthly Applicant Bulletin, we bring you all the stories you need to support your business school application. 



Hello, I’m Simon from BusinessBecause, and welcome to this month’s Applicant Bulletin—where we bring you all the stories and developments you need to support your business school application. 

NYU Stern has received a five million dollar gift from Elizabeth Elting, an alumna and entrepreneur from the school’s MBA class of ninety-two. 

The donation is the single largest gift from a self-made woman in the business school’s history. The money will go towards two initiatives to help women climb the corporate ladder.  

In honour of Elting’s commitment to women in business, the school will name a lecture hall after her.

IE Business School is launching Europe’s first ever Tech MBA. IE logo, follow by fact box inset on screen.

The program targets professionals who want to develop their career in the technology sector, or land tech-centric jobs. 

The Madrid-based MBA includes modules on business mastery, technology immersion, and transformational leadership. The program will begin in September 2020.

The Graduate Management Admission Council has hit back at a recent Wall Street Journal article which questions the value of an MBA. 

The article referred to the declining number of full-time two-year MBA applicants in the US as ‘rats deserting a sinking ship’.

GMAC president and CEO, Sangeet Chowfla, put the decline down to increased application numbers to schools in China, India, Canada, and Europe. It suggests an emergence of choice, he said, rather than a lack of interest or value in the US.

Are you thinking about business school but don’t know where to go? Read our latest report on the top twenty five countries for business school candidates in 2019. 

Based on a survey of nearly ten thousand prospective students, find out which countries can sit back and boast, as the best places to study this year.

Finally, let’s talk WeWork.

This month the company pulled its IPO, had its valuation cut by over thirty billion dollars, and lost its CEO. Video of WeWork IPO/public speech/etc.

In the first of our BusinessBecause Insights series, we speak to professors from Yale and Stanford to find out the lessons to be learned for investors and entrepreneurs. Cut to graphic of laptop scrolling through article.

Read our article here to find out more.

That’s all for this month. To find out more about any of the schools and stories mentioned, check out our website.

From me and the BusinessBecause team, until next month, goodbye.