In the following presentation, app experts has presented some of the most fascinating news and Updates on MBA that a serious MBA aspirant can't afford to miss.

1. MBA NEWS
MBA News
Read top 10 Latest news and Updates on MBA
http://www.vlerick.com/en/
For the top business schools

2. Stanford has announced a new fellowship for its students hailing from the
African continent. Africa is a place of infinite potential that remains largely
unexploited till now. With the world looking more keenly than ever before at
this vast continent, Stanford University is also doing its part in attracting the
best talent from Africa.
1. Stanford announces new Africa MBA fellowship
http://www.gsb.stanford.edu/

3.  The fellowship program would pay for approximately 140,000 US$ for
citizens of African countries with demonstrated financial needs.
 This program has been created specifically to reduce the financial barrier
for African citizens who wish to obtain their MBA from the prestigious
Graduate School of Business at Stanford University.
 A caveat is that within two years of graduation from Stanford GSB, the
Stanford Africa MBA Fellows would be required to work in the African
continent for at least two years in a professional role that contributes to
the continent’s development.
 The school aims to award up to eight fellowships annually and this pilot
program is expected to run for three to five years initially before scaling it
up further.

4. 2. International students may get additional financing options soon
Many students of international origin each year find themselves in a tricky situation.
Not everyone might qualify to get a loan for their education if they do not have a US
co-signer. And for the lucky few who do have some relatives in United States, there
are very few options available to them. Especially when you compare the options
available to their United States counterparts. This might soon change!
Alternate lending options which are becoming increasingly popular for US citizens,
might soon be available to the international students. This move could provide long-
lasting relief to the international students, who have been terribly hit post the
financial crisis.

5.  The leading peer-to-peer lender is SoFi, which is aiming to lend as much as
1 Billion US$ this year. They have been actively pursuing the opportunity
to provide loans to international students, funded by alumni from the
student’s home country.
 The same path is also being treaded by Pave, a crowd-funding start-up
that allows “prospects” to raise money from backers in return for a share
of their future income.
 A major risk against which the lenders need to be careful about is the
chances of defaults. “The default rate is higher for international students”
who take out loans in the US, Mr. Kantrowitz says to Financial Times.

6. 3. Wharton Dean Thomas Robertson to step down in June 2014
http://www.wharton.upenn.edu/
Thomas S. Robertson has announced his
decision of not to seek reappointment as
the Dean of the Wharton School at
University of Pennsylvania. His present
term is set to end on June 30, 2014.
Dean Robertson shared his intent to
return to the Marketing faculty to teach
and pursue his research interests in a
letter addressed to the other members
of the Wharton faculty.
Robertson in his mail said “It is fulfilling
to be Dean at Wharton – both exciting
and challenging – and I believe that I
have accomplished what I set out to do”.

7.  He also thanked all the members of Wharton, saying “I realize
that any success that I have as Dean is with your support,
dedication, and good counsel. I rely on all of you to conduct
leading-edge research, teach to the highest standards, and meet
with alumni and world leaders.”
 Robertson has been the Dean at Wharton since 2007. He was
earlier a faculty member at the school from 1971 to 1994. He then
left to become the deputy dean of the London Business School.
 Robertson held several jobs at Emory, including the dean
of its Goizueta Business School, before returning to Penn.
 Malini Doddamani, a spokeswoman for the school
confirmed the news, saying that a search committee would
be put in place to find a replacement.

8. Matthew Moll, an Admissions Officer at the prestigious Columbia Business
School, recently posted about the most common admissions myths the
school encounters during the admissions process.
Moll dedicated a complete article on debunking these myths at the Voices of
Columbia Business School forum. Voices is a popular forum where posts are
co-written by MBA, EMBA students along with the Admissions Officers.
4. Columbia Business Schools debunk common admissions myths
http://www8.gsb.columbia.edu/

9.  Moll started out by providing
advice on how to choose
recommenders during the
application process. Fancy,
highest-possible titles do not
matter as the school asks very
pointed and specific questions
from the recommenders.
 Moll suggests that for applicants
to give themselves the best
chance, they should select
professionals who not only have
worked closely with the applicant
but also are invested in the
applicant’s career and want them
to succeed.
 Another myth the committee
encounters is that there is a fixed
formula that the school follows
while selecting the candidates.
 The review process, as per
Moll, is completely holistic and all
aspects of the application are
taken into consideration.
Students are admitted for a
variety of reasons, but never
rejected for just one reason.
 A common concern for applicants
is the GMAT/GRE score, Moll
points out, suggesting that the
score is only a part of the
application and does not
singularly determine the
applicant’s fate.

10. 5. Exclusive new MBA for doctors, from Indiana University
Indiana University’s Kelley School of Business has announces a new MBA
program aimed specifically at mid-career Physicians. The underlying goal of the
program is to help doctors understand and curb the industry’s soaring costs.
“Government and employers are noticing that we can’t sustain the cost of
health care,” says Vicki Smith-Daniels, faculty chair of graduate business
programs in medicine at Kelley.

11.  The same sentiment is echoed by
Anthony Sabatino, an MD who
specializes in interventional spine
medicine at Carmel, Ind., who plans to
enroll in the program.
 “For health care to be better, doctors
must lead the change. Nobody else can,”
says Anthony. “But we must also remain
patient advocates.”
 This MBA program is only open to
currently practicing doctors who are
around 40 – 55 years old and are taking
on greater accountability for patient
outcomes and costs. The school plans to
conduct half of the program online,
while the remaining half would be on
campus.
The primary idea behind this
program is the understanding that
doctors can no longer afford to
leave the business aspects to the
Finance personnel, while
continuing in their capacity as the
‘healers’.

12.  Face time will happen at a frequency of one weekend per month.
 For now, about 30 students will join the program, but the school will never
have more than 40 enrolled at a time, Smith-Daniels says.
 The school has conducted an extensive research in designing the curriculum
to make it as relevant as possible to the practicing doctors.
 More than 75 health care industry professionals were consulted to tailor the
entire curriculum.
 Even the core courses would have a medical bent to them.
 The two-year program is priced at $58,935.

13. 6.Carnegie Mellon establishes new Center for Innovation and Entrepreneurship
In a bid to bolster turning ideas and research carried in the University
into commercial enterprises, Carnegie Mellon University has merged the
strengths of its Project Olympus and the Donald H. Jones Center for
Entrepreneurship.
The resulting new center will be called the Center of Innovation and
Entrepreneurship (CIE).
http://www.cmu.edu/

14. Lenore Blum, the founder of Project Olympus and Professor of Computer
Science, and Dave Mawhinney, Executive Director of the Donald Jones Center
and Asst. Teaching Professor of Entrepreneurship, would jointly lead the newly
established CIE. The main goals listed for the CIE are:
 Make Carnegie Mellon the ‘destination of choice’ for Entrepreneurship-
focused individuals
 Establish and build an ‘inside-out’ approach in creating successful
commercial ventures from the school’s cutting-edge research
 Develop a strong, extensive network of alumni entrepreneurs
The CIE intends to continue and build on the existing successful programs of
both Project Olympus and Donald Jones Center including seasonal Show &
Tell event that connects campus researchers with local and national investors,
the Open Field Entrepreneurs Fund, incubator space for fledgling companies,
entrepreneurship workshops and business competitions, such as the McGinnis
Venture Competition.

15.  “We also will be establishing an Alumni
Entrepreneurial Network, tapping our
many alumni who have started or who
are leading successful startups,”
Mawhinney said. “Our alumni can
provide priceless guidance to the next
generation of entrepreneurs and we
will be nurturing those connections in
every way we can.”
 The school would want to replicate the
success of both the parent
organizations, Donald Jones Center and
Project Olympus through this
endeavor.
 The Tepper School of Business, home
to the Don Jones Center, was one of
the first business schools to offer
formal entrepreneurship training. The
Center has a rich history of bringing
students, faculty and practitioners
together with groundbreaking
research.
 Project Olympus, since its founding in
the School of Computer Science six
years ago, has helped more than 100
student and faculty teams across
campus that sought to turn research
and great ideas into commercial
services and products

16. 7. ESADE to expand African focus
Katie Carr, the regional director for EMEA
and India for ESADE Business School,
suggests that the entire African continent
is neglected much more than it should be
by global business schools.
When Katie took up this role a few
months ago, she started off by analyzing
ESADE’s connection in the main regions
she is supporting – namely, Europe,
Middle East, Africa and India. An
interesting point was uncovered during
this analysis – More people take the
GMAT exam in Nigeria than in Spain.
Despite this, incoming students from the
entire African continent represents only
about 2-3% of the intake.

17. continent as a potential region for career opportunities. This prompted
ESADE to host an event earlier in March to highlight the opportunities
available in Africa and open the minds of their students. Five panelist
were asked to present during the awareness event.
Shaun Gauze, Chief Executive and Co-founder of Global Growth Inc. (GGI)
was one such panelist. His previous work in the continent mostly involved
charitable he
And the result is almost echoed even during
placements. Most students rule out the

18. 8. Top MBA programs becoming less selective
 This is highlighted spectacularly by Ross
School, where the acceptance rate for the
2012 season was a whopping 40.6%, a 8.4%
increase from the previous year!
 An analysis of the acceptance rates at
various schools showed that the rates
increased at 23 of the top 25 MBA
programs. Acceptance rates are generally
regarded as an effective way to measure
the overall health of a business school. A new trend, which may
come as a respite for many
applicants, has emerged over
the past couple of application
seasons. As the number of
applications to the top MBA
programs has dropped, the
acceptance rates have
increased tremendously.

19.  As a general rule, the lower the acceptance rate, the greater is the
demand for that school.
 A saving grace for Ross School may be the fact that many schools
have by force become less selective. Almost all the top U.S.
 business schools have accepted a higher percentage of their
applicants, including Harvard, Stanford, and Wharton.
 “After two consecutive years of increases in Full-time MBA
applications in the midst of declines at other schools, we experienced
a decline in our applications last fall,” explained Soojin Kwon, director
of admissions at Ross.
 “In addition, we discontinued our international student loan program
in the middle of the admissions cycle, increasing our uncertainty
around yield.
 This led us to increase the number of admissions offers.

20.  As a result of these two factors, our acceptance rate was higher than in
the past.”
 Among the top programs, only UCLA’s Anderson School seemed to be
immune to the trend. Anderson observed a 22% surge in its MBA
applications and consequently a 6% drop in its acceptance rate.
 The second tier schools did seem to fare a little better though.

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