School selection

Building Your List of Law Schools? Rankings Aren’t the Only Thing to Consider.

With nearly 200 ABA accredited law schools out there, picking 12 to 15 to apply to can feel daunting. We can’t tell you that rankings don’t matter (spoiler alert: sometimes, they really do!), but we can tell you that there is more to consider than just published rankings. Below, we’ve explored some other relevant factors to keep in mind.  

Rankings and Prestige. There’s been a lot of buzz over the past year about the efficacy of rankings. While rankings should not be your only metric, they are relevant. For students who know that they want to pursue a federal judicial clerkship or a position in a big law firm post-graduation (most 2022 graduates entering large law firms went to a school in the US News Top 20), attending a top-ranked law school can provide significant benefit. 

According to ABA data published in Reuters earlier this year, over 20 percent of the 2022 law graduates at Stanford, Yale, and the University of Chicago (top schools in U.S. News & World Report’s Best Law Schools ranking) obtained federal clerkships upon graduation. But this does not mean that securing such a role would be impossible without having attended a “top” school. Several law schools outside of the top 20, including University of Alabama, Notre Dame, and Baylor, have also placed many students in federal clerkships. 

We encourage you to familiarize yourself with the rankings, paying particular attention to the metrics and outcomes that mean the most to you. They are a productive starting point for further investigation. And be sure to take a look at Princeton Review’s Category-Based Rankings, which can provide helpful insight into the various components of the law school experience (Best Classroom Experience, Best Career Prospects, Best Quality of Life, etc.). 

Career Placement. If you know what type of career you would like to pursue after law school, dig into the employment placement reports of each school you are considering. Where are graduates getting internships and jobs? Which organizations regularly come to campus for on-campus recruiting? Data is also available for easy comparison on the Law School Transparency website. 

Geography. Where you are located plays an important role in your ability to network. If you know where you want to live post-graduation, consider applying to programs that are within that city or state. Similarly, if your goal is to specialize in a particular field (finance, tech, government) or a specific type of law (public service), consider applying to programs that are located near one of the industry’s hubs. This will likely allow you more opportunities to intern, volunteer, or network during the school year. 

Tuition. Depending on your goals and financial situation, including any undergraduate debt you carry, it may make sense to opt for a lower cost in-state program over an elite institution. Either way, calculate the expected cost-benefit of different categories of schools: private versus public as well as in-state versus out-of-state. 

U.S. Continues to Dominate QS Global Ranking of Law Schools

QS just released its 2023 Law & Legal Studies rankings. For the second year in a row U.S.-based programs took seven of the top ten spots in the global rankings. There was no movement between 2022 and 2023 within the top ten. 

Harvard with a near perfect score, 99.8, continued its reign at the top, followed by Oxford (98) and Cambridge (97.1). The score is calculated using the following factors: Academic reputation (50 percent), Employer reputation (30 percent), Research citations per paper (5 percent), and the H-index (15 percent), which is a metric that measures the productivity and impact of an academic department. 

2023 Rank School Total Score

1 Harvard University   99.8

2 University of Oxford     98

3 University of Cambridge 97.1

4 Yale University 93.8

5 Stanford University     93.4

6 New York University       91.6

7 London School of Economics 89.9

8 Columbia University   89.7

9 University of California, Berkeley 88.9

10 University of Chicago   87.9

Outside of the top 10, a number of elite U.S. programs ranked within the top 50. They include: Georgetown University (ranked 21), UCLA (22), University of Pennsylvania (27), Duke University (29), and Cornell University and University of Michigan (tied at 34). University of Virginia fell out of the top 50 this year, to the 51st rank.

MBA Students Covered by a Grade Non-Disclosure Policy Take Harder Classes and Participate More in Extracurriculars

Grade nondisclosure (GND) policies, which date back to the 1990s, exist predominantly within an elite group of MBA programs including Wharton, Stanford, and Columbia. They codify a (typically student-driven) collective agreement not to disclose grades to potential employers during the recruiting process, even if they are requested. Proponents of the practice argue that a GND policy promotes collaboration between students and allows them to pursue additional extracurricular experiences, and take harder classes without fear of the impact to their GPA. Critics of the policy say it deprives employers of a key metric for making hiring decisions and discourages students from spending time on academics. 

The Wall Street Journal has previously published study findings examining the impact of a GND policy on student behavior, which shows that both proponents and critics are correct. The study’s authors—Eric Floyd, Assistant Professor of Accounting at the University of California San Diego, Daniel Lee, Assistant Professor of Entrepreneurship at the University of Delaware, and Sorabh Tomar, Assistant Professor of Accounting at Southern Methodist University—reviewed data from one MBA program to compare the choices of full-time students covered by a GND, with those of part-time students, who were not bound by the GND. 

They found:

  • Students with a GND spent about 4.9 percent less time per course, compared to students without a GND. However, GND students did generally enroll in harder classes, which meant that their total time spent on academics was not statistically different from their counterparts. 

  • GND students were 7.6 percent more likely to engage in extracurricular activities than their counterparts.

  • GND students reported lower tenure at their first job post-graduation. They were 7.7 percent less likely to remain for more than a year and 12.8 percent less likely to stay longer than two years when compared to non-GND students.

While the study’s findings provide helpful insight into student behaviors, there is variation in the way the data could be interpreted. “Between the extracurriculars and the difficult classes, what we say isn’t all time spent away from academics is lost time,” said Dr. Lee. “But we can’t really comment on the good or bad effects.” Similarly, Dr. Tomar told the WSJ that the explanation for the reduced employment tenure could be attributed to either the negative effects that grade nondisclosure had on job matching between students and employers or the positive effects that additional time spent on extracurricular activities had on GND students’ networks, thereby increasing their likelihood of obtaining additional job opportunities and offers. 

Medical Schools Incorporate More LGBTQ-Focused Programs into their Curriculums

Studies show that individuals who identify as LGBTQ report worse health care experiences and poorer health outcomes. But in following the lead of the AAMC, medical schools are working to remedy these health inequities by incorporating more LGBTQ-focused initiatives into their curriculums. 

Below, we highlight a few medical schools with notable LGBTQ-focused programs. 

For prospective medical students interested in pursuing an education that includes rigorous preparation in LGBTQ care, U.S. News recently published useful tips from medical school administrators and professors that will assist you in gauging the strength of a program’s curriculum. 

  • Inquire about how LGBTQ+ topics are integrated into the required coursework. "Offering it as a requirement really does put the teeth behind it in the curriculum, saying this is something for all students," Dr. Steven Rougas, Director of the Doctoring Program at Brown University's Warren Alpert Medical School, said.

  • Look for LGBTQ+ clinics and/or institutes for study and research. "Looking for centers is how I would go about doing it," Dane Whicker, Clinical Psychologist and Director of Gender and Sexual Diversity initiatives in the Office of Equity, Diversity, and Inclusion at Duke University School of Medicine, said. He also noted that a particularly good sign is a center that conducts research and provides comprehensive treatment programs. 

  • Ask about how LGBTQ+ courses are developed and updated. "One key question is how the institution plans for change," Dr. John A. Davis, the University of California-San Francisco School of Medicine's Associate Dean for Curriculum, wrote to the U.S. News in an email. "Areas particularly involving gender identity and expression and sexuality are rapidly changing, and curriculum must keep up with that. How an institution plans for that type of rapid change says a lot,” he wrote.

In-House Lawyers who Attended Top-Ranked Schools Report Higher Compensation

It is well-documented that attending a top law school provides the best return on investment. A recent survey confirmed in-house lawyers who attended a top 20 law program reported earnings significantly higher than those who did not. 

The study, sponsored by the Association of Corporate Counsel and consulting firm Empsight, collected over 2,000 responses from in-house legal professionals. Respondents with a law degree from a U.S. News top 20-ranked school garnered 25 percent more in base salary and 41 percent more in total cash compensation, compared to other lawyers. 

The survey also called out other factors associated with higher compensation: 

  • Legal specialty: Base salaries for lawyers in IP/patent litigation, entertainment, and licensing/royalty practices tended to land above the median salary, whereas those in insurance, government relations, and risk management typically fell below the median. 

  • Firm experience: Lawyers who gained experience at firms prior to moving in-house earned salaries 20 percent higher than those who went directly in-house after graduation (a less common career trajectory). Less than one-fifth of respondents, 17 percent, went directly to in-house work after law school. 

  • Years of work experience: Lawyers who graduated prior to 2000 have salaries that are 45 percent higher and total cash compensation that is 86 percent higher than those lawyers who graduated after 2010.

The survey also collected data on non-compensation benefits. The majority of respondents, 79 percent, reported that their employer offers remote work options. Just under two-thirds, 64 percent, take advantage of the offering by working a hybrid schedule. Twenty-four percent reported that they work fully remote. 

Are you a Premedical Student with a Nonscience Major? Check Out These Schools.

All premedical students are required to take prerequisites in life sciences before applying to medical school. But the humanities also offer valuable preparation for prospective physicians. In the fall of 2020, about 12 percent of the entering students in the U.S. News top 10 programs in research (11.9 percent) and primary care (11.4 percent) came from a social sciences/humanities background. And, in the fall of 2021, ten schools boasted entering classes with a significant proportion of social sciences/humanities undergraduates (see chart below). If you are a premedical student in the social sciences/humanities, you may want to consider one of these schools.  

Additionally, in your applications and interviews to other schools, be sure to articulate the value of your social sciences/humanities background. A study from 2014 found that while medical students with undergraduate degrees in the humanities maintain consistent academic performance with those from science majors, they also tended to show “…better empathy and communication skills, and a more patient-centered outlook.” Similarly, Rishi Goyal, MD, PhD, and Director of the Medicine, Literature, and Society major at Columbia University, argues that college is an ideal time for exposure to the humanities. “It’s a great time to capture students, to help them develop different parts of the brain,” he said. “It’s more difficult to do that in medical school. Students are already so busy, and it’s harder to convince them at that point that memorizing the Krebs cycle is not as important as holding a patient’s hand or talking to them in their same language.” 

Related blogs:

MBA Programs Position Graduates Well to Repay Student Debt

A Wall Street Journal analysis of federal student loan showed that graduates of almost 98 percent of MBA programs in the US made more money in salary within two years than they had accrued in debt for their degree. At the most prestigious of programs, such as Harvard Business School and Stanford’s Graduate School of Business, over half of graduates were able to repay their federal loans within two years of graduation.

It is important to note that this analysis only includes the salary and student loan debt for students who took out federal student loans. Many students also take out private loans at lower interest rates. Harvard’s Managing Director of MBA Admissions, Chad Losee, confirmed that over half of Harvard’s 2020 graduates (56 percent) graduated with debt, and that the average was $79,000 in combined federal and private loans. 

The high rate of return on investment for MBA programs may be attributed to the fact that many MBA students come into the program with work experience, which drives up the starting salaries they are offered at graduation. Additionally, many who work in high-paying industries such as finance and consulting tend to gravitate towards the degree, and return to those or other high-paying industries. 

Tuition costs and potential debt load, as well as possible starting salaries and cost-of living post-degree may be easy to overlook at first, but they are important to consider during the school selection process. 

Related blogs: Student Loan Forgiveness Receives New Attention Under the Biden Administration

New Department of Education Data Shows that Only 11 Law Schools Report Positive Debt-to-Earnings Ratio for First-Year Graduates

Late last week, the American Bar Association Journal reported that “most law students earn less money per year after graduation than the amount they borrowed for law school.” This is based off data recently released by the U.S. Department of Education. The article goes on to share that graduates from only 11 law schools reported higher median first-year earnings compared to median federal debt for graduates in 2015 and 2016. Further, the median debt-to-income ratio among law schools is 1.86, which means that graduates took out a median of 86 percent more in loans during law school than the median amount received in their first year working after graduation; median debt upon program completion for graduates was about $110,000 and median first-year earnings were about $53,000. 

Using the same Department of Education data, Law.com published a debt-to-earnings ratio for the U.S. News and World Report’s Top 14 law schools, as well as for New York-based law schools. We have compiled the data into some charts below for both the top-ranked, as well as NYC-based schools. They show the debt-to-income ratio, median first-year earnings for graduates, and median federal debt incurred for 2015 and 2016 graduates. It is important to note that these data points do not include private loans, loan interest, or borrowing for undergraduate or other graduate programs. So, the ratios may show slightly more positively than the full debt-load that many law school graduates are facing.

If you are considering law school, and you will be paying your own way through federal or other loan programs, you will want to assess this data during your school selection period. Ultimately the program that will best fit your needs should balance strong academic rigor and meaningful experiential learning opportunities with your future debt burden. The debt-to-income ratio rankings, as you can see, do not line up exactly with the school’s academic rankings, and the median debt and median earnings should be one of the many factors in your decision-making process. Additionally, these figures may provide insight into how much time you will want to spend researching fellowships and scholarship opportunities that can also ease the total cost of your schooling, particularly if you’re interested in pursuing lower paying career paths, such as public interest law.

Even Elite U.S. MBA Programs Experience Application Drop as International Students Look to Study Elsewhere

Last week, the Wall Street Journal reported that even elite U.S. MBA programs experienced a steep drop in the number of applications they received in the 2018-2019 admissions cycle compared to the year before. The business schools at Dartmouth, Yale, Northwestern, and Duke each reported double-digit percentage drops in applications compared to the prior year, and even the most prestigious programs such as Harvard, MIT, Stanford, University of Pennsylvania, and Columbia were affected. The declines continue the downward trend for the MBA. The Wall Street Journal also reported new data from the Graduate Management Admission Council (GMAC), which shows application numbers falling for the fifth straight year. The admissions cycle that ended in the spring of this year garnered 135,096 applications for programs including the MBA; a total year-over-year decrease of 9.1 percent, which is larger than the previous year’s decline of 7 percent.

Though the declining applications are attributed to many factors, of primary concern is the perceived change in environment for international students and immigrants. Currently, in the U.S., 85,000 H-1B visas are issued annually to highly-skilled workers via lottery with the demand far exceeding the supply. According to the Wall Street Journal, under the Trump Administration, there have been an increasing number of requests for H-1B visa applicants to provide supplemental information and many are still being declined.  Prospective students’ concerns about the availability of work visas post-graduation are impacting their school selection. The Wall Street Journal quotes Matthew J. Slaughter, dean of the Tuck School at Dartmouth: “A lot of individuals, a lot of terrific international applicants, they’re choosing not to apply to any U.S. schools,” he said.  

This is evident in the 13.7 percent decline in international applications seen this year for U.S. programs. According to a GMAC report released last week, Early Warning Signals: Winners and Losers in the Global Race for Talent, the U.S. experienced, “a steeper decline than any other country in the world, and a drop that came amidst largely rising or stable applications everywhere else in the world.” Both Canada and Europe reported increases in the number of international applicants in 2019. And Chinese business schools reported a 5.2 percent increase in applicant numbers, though it was driven primarily by domestic demand. While China still sends the largest number of business school students abroad, Chinese applicants are increasingly opting to attend school in Asia.

The GMAC report highlights the changes in international demand for U.S. business programs as a leading indicator for international talent mobility, suggesting that while business schools may be experiencing the negative effects now, the U.S. workforce may suffer losses in talent and productivity in future years. The report states, “Indeed, immigrants play an outsized role in innovation and entrepreneurial activity. According to a Brookings Institution study, ‘…while immigrants represent about 15 percent of the general US workforce, they account for around a quarter of entrepreneurs and a quarter of inventors in the US. Moreover, over a third of new firms have at least one immigrant entrepreneur in its initial leadership team.’ For startup firms valued at $1 billion or more, in particular, immigrants have started more than half, and they play key management and product development roles in more than 80 percent of these companies.”

The GMAC report goes on to recommend policies that the U.S. can adopt to safeguard its talent pipeline in future years, while also bolstering international applicants to U.S. business schools. These include updating the visa regulations by removing “per-country” visa caps and reforming the H-1B visa program, as well as creating a “Heartland Visa,” which encourages immigration into regions of the country that could most benefit from injections of talented individuals. Fifty business school deans and 13 CEOs have signed an accompanying open letter that endorses the policy recommendations of the GMAC report and, more broadly, calls for a change in the U.S. approach to high-skilled immigration. Bill Boulding, dean of Duke University’s Fuqua School of Business, while expressing optimism about the future of U.S. business schools to the Wall Street Journal, notes that schools will need to continue to change to address the current environmental challenges. “The pipeline of talent to the U.S. is being diverted elsewhere. We see a pattern that is really alarming,” Boulding said. 

Business Schools Seek to Reinvigorate the MBA Using More Personalized Degree and Course Offerings

Just as the decline in the number of applicants to two-year, traditional MBA programs has spurred changes in the MBA delivery model, it has also incited innovation within graduate business school curriculums. Administrators and educators are working hard to ensure the MBA remains relevant to prospective students and employers alike. An article published earlier this year on EducationDive.com, identified key trends within the MBA. In addition to changing program formats (increased use of online, flexible, and part-time programs) and an increase in shorter, specialized graduate management education programs, the article calls out two trends affecting the substance of the MBA: STEM designation and “breaking boundaries.”

The first trend, “STEM” (Science, Technology, Engineering, Mathematics) designation, granted by the U.S. Government, can cover either the full-MBA degree or component programs within the MBA that have a strong emphasis on data, analytics, and quantitative skills. This designation is not only appealing due to the number of tech employers who are recruiting MBAs, but it also makes an MBA program more attractive to foreign students. The STEM designation means that program graduates are eligible for a work visa that allows them to remain in the U.S. for up to three years post-graduation as opposed to just one. The STEM designation also broadens the appeal of business school to a more diverse array of prospective students. In mid-September, Johns Hopkins was the latest school to announce that its MS in Marketing will be STEM designated starting in 2020. And there are many other programs with the designation throughout the country. Currently, the University of Rochester Simon Business School is the only one that has the designation for all specializations within the full-time MBA, but others including the University of Wisconsin-Madison, Notre Dame Mendoza, and Duke Fuqua offer some certified specializations.

The second trend, “Breaking Boundaries” references programs that are challenging and expanding upon the traditional core business curriculum. Some programs are collapsing the core courses in finance, marketing, and communications into one interdisciplinary course. This allows students to obtain the information in a more organic and comprehensive way, as well as freeing up time for students to take additional electives within their areas of interest. MBA programs are also partnering with other academic departments at a greater rate to create cross-disciplinary degrees that appeal to employers and students who want to start working with a higher level of industry expertise. Michael Wiemer, senior vice president and chief officer of the Americas at the Association to Advance the Collegiate Schools of Business says, "The emerging demand is for shorter, condensed, and highly relevant offerings offered in a variety of convenient formats." In August, UT Austin’s Dell Medical School and McCombs Business School announced a partnership for the Master of Science in Health Care Transformation. Even more recently, HEC Paris announced the creation of a double-degree program along with the cooking school L’atelier des Chefs, as a direct response to increasing demand from its students for careers in the hospitality sector.

Further demonstrating business schools’ commitment to offering the most relevant curriculum, a Poets and Quants article published last week noted that in 2019 182 new courses are being offered across all top-25 ranked schools. This is an increase from 2017, when 21 of the top-25 schools offered 132 new courses. Ten of the top 25 schools are offering at least ten new courses, which is also higher than in 2017 (four). Dartmouth Tuck and Harvard have the highest number of new offerings at 13, followed by Columbia and Rice (12), Texas McCombs (11), and then Michigan Ross, Yale School of Management, NYU Stern, Chicago Booth, and Stanford GSB each with ten. The courses range in topics but include 20 with a focus on Data and/or Analytics, ten on AI and/or Machine Learning, 12 on Entrepreneurship, and ten on Tech. While, the majority of new course offerings fall within the more typical MBA disciplines of Management (22), Operations (21), Marketing (20), Strategy (20), or Finance (18), relatively few additions were categorized under traditional topics such as Economics (six), Accounting (four), and Real Estate (three).

These trends are very positive for prospective business students seeking to gain an increasingly personalized and beneficial degree. Anyone considering an MBA or other business degree should understand how the curriculum and structure of the program will support their short and long-term goals, keeping in mind the questions below:

  • If technology is an interest, does the school offer any STEM-designated programs or certifications?

  • How many credits are used on the core curriculum and how many are available for electives? When was the last time the school made updates to the core curriculum?

  • What certifications are offered by schools of interest? Which certifications might help you garner an interview, internship, or job at companies you’re interested in?

  • What relationships, certifications, or degree-programs exist with other academic disciplines? Are you able to take courses in other schools? What industry knowledge would help you to impress a recruiter in your desired field and is it attainable through the business school?

  • How many new courses are offered each year? Is the curriculum staying current with market trends, particularly in your areas of interest?

Make the Most of the MBA Tour: Conduct Thorough School Research

At The MBA Tour in NYC on July 20th, you will get the chance to further evaluate the offerings of the schools on your list. But, don’t forget, admissions directors, will be assessing you too. Come prepared. Conduct thorough school research, compile a list of questions that will show your knowledge of and enthusiasm for specific programs, and be prepared to speak eloquently about yourself and your experiences.

Prior to the event, consider also the following tips:

1.       Update your resume. Ensure it is up to date with your latest professional accomplishments and includes specific results you’ve achieved as well as impact you’ve had on the organization. Try to avoid a resume full of job descriptions or industry specific/technical language a reader from a different field won’t be able to understand.  Admissions directors will be looking for your ability to translate complexities effectively because business school classes are diverse. Your classmates will hail from a wide array of industries and educational backgrounds. Finally, when registering for the event, upload your resume into The MBA Tour system so schools are able to review it prior to meeting you.

2.       Refine your post-MBA goals. The MBA Tour will provide schools opportunities to make pitches and they will likely speak to the newest and most popular offerings. This can be distracting. While you want to keep an open-mind, remain focused on your goals and those program specifics that will best get you there.

3.       Craft an elevator pitch. This should be an introductory speech of about three minutes, which will provide admissions officers a high-level view of your current state and future goals. Spend some time to ensure it feels friendly, informative and natural. Practice it aloud to a friend. And be sure to include:  

a.       Who I am (unique facts and current state professionally): What is your name and where are you from? Where are you currently working and what do you do? How many years of experience will you have at matriculation? 

b.       What I’m looking for: When would you like to start an MBA program? What MBA concentrations are you interested in learning more about and why?

c.       Where I want to go: What type of job are you looking for post-MBA? Are there specific companies you are particularly interested in? What are your long-term goals?

4.       Review the schools who will be attending the fair and select your top ten. You may have time to speak with more, but this will help you to allocate your time wisely. It will also be helpful to prioritize your top three to five schools because you will want to spend the most time speaking with their admissions directors. Research these programs and prepare relevant, school-specific questions that show your knowledge of and enthusiasm for their offerings. Avoid questions that could be answered with a few clicks on their website, as well as those regarding your odds of admittance.  

5.       Review the list of attending partner organizations, which will include test-tutors and admissions consulting companies. Consider your interest in these services and do some research on the various firms so you can target those that will best suit your needs. Many will provide deals to MBA Tour attendees, so lookout for event promotions.

Most importantly, have fun at The MBA Tour.  It will likely be a meaningful and informative experience that could inspire one of your most significant professional decisions.

Tech Companies Seek MBA Hires Who Excel in Entrepreneurial Culture

Technology companies have taken a large hold on MBA recruiting, with a particular interest in those students who can thrive in ambiguity and have a proven track record of creative problem solving. In turn, students are attracted to these companies for their generous compensation packages, the opportunity to take ownership over popular products, and the culture of innovation.

Liz Arnold, associate director for tech, entrepreneurship and venture capital in the Career Management Center at Cornell University’s Johnson School of Management, said “I encourage all students interested in tech to build their entrepreneurial skill set, to really understand how to take the initiative on their own to go from idea to launch. I think that particular skill set is valued at most tech companies, because the tech companies want students to be autonomous and take projects and run with those ideas and move them forward.”  Similarly, Sarah Eytinge, MBA University recruiter at Microsoft, describes the company as having an entrepreneurial culture, and as seeking MBA recruits who can thrive in ambiguity, learn and adjust their course, and take creative approaches to complex problems. “We have a lot of teams in an innovative culture trying new things and failing fast,” she says. “They have the benefit of working for a large company like Microsoft so we have the resources to make those investments and take those risks. For those MBAs who are interested in entrepreneurship, they are surprised by what they have access to – they thought it was just a big company.”

Recruiter Insights on Top-Tier Programs for Entrepreneurship and Creativity

The Recruiter Insights Rankings, a component of the 2018 Bloomberg Businessweek Best B-Schools ranking, include deep-dives into recruiters’ views of the best programs based on entrepreneurial reputation and training, as well as the most creative and innovative graduates. The rankings include the responses of 3,698 employers that recruited MBA graduates, and focus on specific survey questions. Bloomberg Businessweek analysts then assigned scores to the top 30 schools with a score of five being the highest and one being the lowest. Below are the top ten for the three categories relevant to entrepreneurship.  

What schools have the best reputation for entrepreneurship?

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What schools provide the best training in entrepreneurship?

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What schools are producing the most creative graduates?

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Prospective students interested in expanding their entrepreneurial skill-sets for an interest in a technology career or who are among the 27 percent of prospective full-time two-year MBA students who listed entrepreneurship/self-employment as a primary career goal post-graduation in GMAC’s Prospective Students Survey 2018, should carefully consider the top programs listed above. Additionally, during the school selection or interviewing period, prospective students should proactively engage with administrators and professors from specific MBA programs to see how they support students in achieving these strong outcomes.

See full listings for each of the categories below:

What schools have the best reputation for entrepreneurship?

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What schools provide the best training in entrepreneurship?

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What schools are producing the most creative graduates?

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Medical Schools Focus on Student Wellbeing and Mental Health to Reduce Burnout

In our recent newsletter, we highlighted the topic of burnout among today’s working population. Burnout, or the experience of chronic stress which leads to physical and emotional exhaustion, cynicism and detachment, and feelings of ineffectiveness and lack of accomplishment, remains a pressing issue within the medical student population. A literature review published in late 2018 “confirmed that suicidal ideation in medical students remains a significant concern” and cites studies showing that “medical students in their first year of studies have similar rates of psychological morbidity to the age-matched general population, but experience a worsening of their mental health as they progress through medical studies.”

Medical students and residents, who are often under intense pressure physically and emotionally, suffer from a lack of sleep, extremely long hours of work and study, as well as the emotional, life and death decision-making involved in the work. This is often compounded with a subconscious need to avoid seeking mental health professionals for fear of negative judgment from those around them or even endangering their medical licenses.

The accumulation of data on the mental health of medical students, coupled with the recent high-profile losses of medical students in New York City and California have spurred action and a recognition of the need for additional support for physicians in training. The Accreditation Council for Graduate Medical Education is promoting the importance of wellbeing, which goes beyond addressing burnout, and has compiled and posted a tools and resources page on its website: https://www.acgme.org/What-We-Do/Initiatives/Physician-Well-Being/Resources.

Moreover, many medical schools are showing that they too are committed to changing the culture of medical education to improve students’ wellbeing. Prospective students should pay particular attention to the following when further evaluating the schools on their list:

  • Commitment to wellbeing: Many schools have codified their commitment to their students by creating wellbeing mission statements and making significant investments in wellbeing resources. At the Icahn School of Medicine in NYC, a wellbeing task force was created in 2016. In addition to creating a mission statement to focus momentum and drive steady action, the school has renovated student housing to include a wellness center.

  • Accessible, confidential, and judgment-free mental health resources: This may include access to psychologists or psychiatrists, confidential check-in surveys or interviews, and/or counseling sessions during hospital rotations. At USC Keck Medical School and the University of Pittsburgh School of Medicine, mental health teams have been put in place to ensure the schools do not lose sight of the mental health and wellness needs of their students. Both are working to decrease the stigma around using mental health resources as well as increasing confidential mental health evaluations and services.

  • Culture promoting a healthy academic environment: Some schools are taking tangible actions to create an academic environment that promotes rigor but not burnout and depression. Many programs also encourage collaboration, provide wellness curriculums, and promote comradery within the classes through social activities (appropriate for various personality types) and occasional days off. Examples include Duke School of Medicine’s wellness curriculum starting with a resiliency course at orientation, USC’s requirement for students to take several “mental health” days to combat burnout, and Icahn’s assessment and restructuring of grade distributions.

In September of this year, Weill Cornell is partnering with AAMC, AMSNY, and the American Foundation for Suicide Prevention to put on the National Conference on Medical Student Mental Health and Well-Being. It is billed as being the “first comprehensive, multidisciplinary forum to examine the mental health needs of medical students.” Change is underway and it is an exciting time to be considering medical school. However, prospective and current students must engage in the dialogue, stay informed, and ultimately commit to making their wellbeing and health a priority.

12 New York Law Schools See Decrease in Bar Pass Rates

For first-time test takers in July 2018, the New York State Bar pass rate decreased at 12 of 15 New York law schools compared to July 2017. The decreases ranged from a minor 1.6 percentage points at Cornell to 16.2 percentage points at Touro. Nine of the programs’ pass rates fell below the statewide rate of 83 percent, which also decreased by three points from 2017. Graduates from just three New York law schools, NYU, Columbia, and Albany, increased their pass rate.

When asked about the pass rates by representatives from the New York Law Journal, law school deans spoke about the programs they are implementing to support students taking the bar, as well as interventions they’ve put in place for students perceived to be at-risk for failure.

"The faculty and I have been implementing extensive reforms involving changes in the classroom, curriculum and culture of the school. We expect these changes to be reflected favorably in future results. Some of the changes are still being implemented. We intend to accelerate their implementation effective immediately. We will be re-examining in minutest detail everything we do, in and outside of the classroom, to assure that the continued implementation of reforms, from evidence-based teaching to curricular reform, is successful." Harry Ballan, dean of Touro College Jacob D. Fuchsberg Law Center

“As dean, my leadership approach is to think in terms of a multi-year strategic plan, and one of my very highest priorities remains to increase and maintain the bar passage rate. We have also had many successes across all areas of the law school in just these last two years — job placement, building enhancements, our medical-legal partnership and veterans clinic—and I believe that we have a comprehensive Raising the Bar program and an extensive plan in place for future bar successes,” Gail Prudenti, dean of the Maurice A. Deane School of Law at Hofstra University

 "I won’t be satisfied with Cornell’s performance until we achieve a 100% pass rate.  And we have taken steps to provide academic support to law students we perceive to be at risk for failing the bar." Eduardo M. Peñalver, dean, Cornell Law School. 

Take-aways for Current and Prospective Law School Students--

For current students:

  • Speak with recent graduates of your law school to find out how prepared they felt taking the bar exam. Ask how they would have changed their preparation method and if they have recommendations to share.

  • When interviewing with firms, find out how they support associates who are taking the bar. Also, take advantage of your summer position to speak with new full-time hires who are preparing for the bar to learn from their experiences.

  • Familiarize yourself with programs your school offers and seek outside programming, if necessary, to ensure you will be prepared. The American Bar Association bar prep page includes resources and discounts for bar prep courses.

For prospective students:

  • During the school-selection process, be sure to consider the bar pass rate. Past bar pass rates are available from the Internet Legal Research Group and are included as a small component in the U.S. News and World Report Law School Rankings.

  • When you visit or communicate with program representatives, ask how they currently assist third year students and graduates in preparing for the exam and what new initiatives they may be implementing.

MBA Application Resource Roundup

For prospective business school students, we’ve created a short list of resources, including Apply Point blogs and information from external organizations, that will help guide you through the application process.

Apply Point Blog Posts

·       Deciding where to apply

o   MBA School Selection: Important Considerations When Building Your School List

o   MBA School Selection: What are the Alumni Saying?

o   Want a Career Abroad? Consider a European MBA.

·       Application

o   MBA Application Submission: Is There an Optimal Deadline?

o   The GMAT V. The GRE: Which Test is Best for You?

o   MBA Application Essays: Prompts Designed to Get Beyond Applicants’ Professional Experiences to Gauge Creativity and Assess Values

o   IQ is Important, but Don’t Forget About EQ

o    Using Recommendations to Strategically Enhance Your MBA Application

·       Interview preparation and tips

o   Top Ten Tips for the MBA Behavioral Interview

o   The Wharton Interview: Excel in the Team Based Discussion

o   MBA Interviews: When the Interview Requires More than an Interview

·       Use Social Media to Enhance Your Graduate School Application  

·       Unemployed and Considering Graduate School? Ensure This Time is Meaningful and Productive

·       Unconventional Applicants to MBA Programs Must Consider Abilities in Innovation, Leadership, and Teamwork

Online resources and social networks for prospective and current MBA students

·       Poets and Quants

·       Beat the GMAT

Organizations and Resources

·       The MBA Tour is an independent and high-quality information source regarding MBA admissions. Events emphasize personal interaction between prospective MBA students, business school admissions representatives, alumni, and other like-minded education enthusiasts.

·       The Consortium for Graduate Study in Management is a continually growing and evolving alliance of some of the world’s leading graduate business schools and business organizations, supported by the strength of an extended network of students and alumni.

·       The National Black MBA Association is the premier business organization serving black professionals.  

·       Prospanica, formerly the National Society of Hispanic MBAs (NSHMBA), emphasizes educational and professional development programs to improve the Hispanic community as a whole.

·       The Forte Foundation is a non-profit consortium of leading companies and top business schools working together to launch women into fulfilling, significant careers through access to business education, opportunities, and a community of successful women.

Make the Most of The MBA Tour: Create a Targeted School List

The MBA Tour presents an incredible opportunity for you, as a prospective MBA student, to gather information, make contacts, and advance yourself in the admissions process. But to make the most of the event, you will need to consider it a targeted mission rather than merely time to explore. The MBA Tour will have many booths distributing information, including school tables with admissions representatives expounding on their latest and greatest offerings. It is an easy environment in which to get distracted. As such, prior to the event, you should carefully consider your preliminary school list, the programs that are most compelling to you, and information you’d like to collect at the tour to help you finalize a sound school selection strategy. This preparation will help you to stay focused on your own priorities, rather than ending up overwhelmed with extraneous information.

We recommend utilizing the following three criteria to compile a list of ten schools’ tables that you want to visit at the event, and to prioritize your top choice schools (3-5), which you will likely want to spend additional time researching and networking with while there.

1.       Rankings/Prestige: While we would discourage you from judging schools on rankings alone, US News & World Report’s list of Best Business Schools, for example, is still important to consider when gaining an in-depth understanding of how potential employers will view your investment. Many rankings are also based on algorithms that incorporate various factors of interest to students such as quality assessments, placement success, and student selectivity. As such, you might want to research various rankings and find the one that most closely suits your interests.

2.       Geography/Network. The second, and perhaps somewhat surprising aspect to consider when putting together a school list is geography. Place will play a crucial role in your ability to network. Thus, we often encourage students who know they want to end up in a certain location to consider the top MBA programs in that city, or within the geographic region. Similarly, if your goals are related to a certain industry, it can be invaluable to attend a school near one of the industry’s hubs.

3.       Career Placement. The last, but perhaps most critical component, is to develop a thorough understanding of which companies are recruiting and hiring employees from the MBA programs you are interested in. We suggest prospective students gain a thorough knowledge of the information contained in each school’s career placement report and engage with the school’s counselors in the career center to learn more. It can also be helpful to look for student clubs or associations within a business school relevant to your goals (e.g., Finance Club, Luxury Goods Club, Marketing Club), as they will often host events connecting potential employers with interested students, as well as providing other resources.

Enjoy The MBA Tour!  If you’ve thought through your goals and school selection priorities, it will likely be a memorable experience.

Selecting a Law School that Values Student Well-Being

When selecting a law school, prospective students have many things to consider, including rankings and prestige, program specialties, and job placement rates. Another, however, is garnering a great deal of media attention in the wake of last week’s International Mental Health Day: student wellbeing and the availability of mental health support programs.

According to the Dave Nee Foundation, depression among law students is 8-9 percent prior to matriculation, then jumps to 27 percent after one semester, 34 percent after the first year, and 40 percent after three years[i]. Two studies, conducted by the American Bar Association and Yale Law School in 2014, also showed a high percentage of law students indicating that they needed psychological assistance. In the ABA Survey, 42 percent of students reported that in the past year they needed help with a mental health or emotional problem. [ii] And in the Yale Study, 70 percent of students reported experiencing mental health challenges while in law school[iii]. These studies and others like them, have increased awareness of the mental health challenges faced by both law students and the legal profession.

A report released in August 2017, by the American Bar Association’s National Task Force on Lawyer Well-Being, made recommendations for sweeping reforms that stakeholders throughout the legal profession can make to improve well-being and ultimately the competence and dependability of the profession. Specifically, the task force calls upon law schools to[iv]:

  • Create best practices for assisting students experiencing psychological distress;
  • Assess law school practices and offer faculty education on promoting well-being in the classroom;
  • Empower students to help fellow students in need;
  • Include well-being topics in courses on professional responsibility;
  • Commit resources for onsite professional counselors;
  • Facilitate a confidential recovery network;
  • Provide education opportunities on well-being related topics;
  • Discourage alcohol-centered social events; and
  • Conduct anonymous surveys related to student well-being.

The report also highlighted examples of law schools that offered programming to meet the recommendations:

  • Northwestern University’s Pritzker School of Law: created a well-being curriculum including workshops, mindfulness and resilience courses, and meditation sessions
  • Touro College Jacob D. Fuchsberg Law Center: established a student-volunteer program to train students on recognizing mental health problems and referring them to assistance
  • American University Washington School of Law: implemented random “check-in” outreach, which invites students to a brief conversation with the Student Affairs office

As a prospective law student, you may be wondering how this information can help inform your school selection. First, we suggest that you keep the task force’s recommendations top of mind as you research schools. Let their advice guide you as you’re learning about the culture of a school and the student body. Ensure that the schools you are applying to are taking the lead in breaking down mental health stigma through informative discourse and are proactively assisting students to seek help when they encounter problems. Be sure to ask administrators and faculty how they are working to address student well-being challenges. Then gather students’ opinions on the efficacy of these actions. Are current students aware of existing resources, clubs, and programming the administrators mention?  If so, how are the students engaging with the programs? And are student social and networking events promoting healthy, productive behaviors or do events center around alcohol or other potentially harmful ways to reduce stress?

Your law school experience will be pivotal. Ensure that you are selecting a school that values and promotes your wellbeing now, as much as it values your job placement.

 

 

[i] http://www.daveneefoundation.org/scholarship/lawyers-and-depression/

[ii] http://www.ncbex.org/pdfviewer/?file=%2Fassets%2Fmedia_files%2FBar-Examiner%2Fissues%2F2015-December%2FBE-Dec2015-HelpingLawStudents.pdf

[iii] https://law.yale.edu/system/files/falling_through_the_cracks_120614.pdf

[iv] http://amlawdaily.typepad.com/files/lawyer-well-being-report.pdf

MBA School Selection: Important Considerations When Building Your School List

According to the 2017 AIGAC MBA Applicants Survey, 39 percent of MBA Applicants reported that their admissions consultant advised them to apply to a school they would have otherwise never considered.

At Apply Point, we work closely with our clients to create a school list that is both compatible with their interests and goals and also sound in terms of acceptance likelihood. We know we’ve succeeded when an applicant has the luxury of choice between multiple programs at the end of the admissions cycle. While there are numerous factors to consider when finalizing school selection, we believe the following three criteria are the most important.

Rankings/Prestige

While we discourage clients from judging schools on rankings alone, US News & World Report’s list of Best Business Schools, for example, is still important to consider when gaining an in-depth understanding of how potential employers will view your investment. Many rankings are also based on algorithms that incorporate various factors of interest to students such as quality assessments, placement success, and student selectivity.

Geography/Network

The second, and perhaps somewhat surprising aspect to consider when putting together a school list is geography. Place will play a crucial role in your ability to network. Thus, we often encourage students who know they want to end up in a certain location to consider the top MBA programs in that city, or within the geographic region. Similarly, if your goals are related to a certain industry, it can be invaluable to attend a school near one of the industry’s hubs.

Career Placement

The last, but perhaps most critical component, is to develop a thorough understanding of which companies are recruiting and hiring employees from the MBA programs you are interested in. We suggest prospective students gain a thorough knowledge of the information contained in each school’s career placement report and also engage with the school’s counselors in the career center to learn more. It can also be helpful to look for student clubs or associations within a business school relevant to your goals (e.g., Finance Club, Luxury Goods Club, Marketing Club), as they will often host events connecting potential employers with interested students, as well as providing other resources.

During the school selection period of the application process, we encourage prospective students to keep an open mind and fully explore the many options that exist. Speaking with professors, career placement professionals, current students, alumni, and admissions directors at different programs is a wonderful way to start.  Your personal MBA rankings may not look exactly like those in US News and World Report or Financial Times. And that is just fine.

When Deciding Where To Apply to Med School, Look Behind The Numbers

Learn Interesting Trends in the Medical Community. Consider Your Goals.

When deciding where to apply to medical school, there are numerous things to evaluate.  You will want to look at everything from admit statistics and geography to teaching style and grading systems.  But, what about your short and long term goals?  How important are they when it comes to choosing a medical school?  While it is far too early to get your heart set on a specific specialty, you may want to start thinking broadly about what you want to do long-term.  Are you set on primary care, interested in surgery, or committed to having a career in research?  Assessing your interests now is significant because, for instance, you won’t want to go to a school with a research requirement if you’re not interested in doing any. 

It is also important to dig deep and look behind the numbers schools report, so you know exactly what’s going on out there.  This is especially important when it comes to primary care.  If you’re interested in primary care, it is easy to just peruse the US News & World Report’s Primary Care Rankings and begin formulating a list of schools to which you could apply. However, the percentages of students going into primary care, that these schools report, are often aspirational to say the least.  Schools, such as the University of North Carolina, ranked 1st in the US News & World Report Primary Care Rankings, are finding that more than half of those who claim primary care actually end up specializing in something else. 

“About 10 years ago, our legislature passed a bill saying medical schools have to put 50 percent of people into primary care,” said Robert Gwyther, M.D. who advises students at UNC-Chapel Hill. “They count internal medicine and pediatrics and obstetrics as primary care, and it’s still a challenge for UNC to get the 50 percent.”

“And we know that 95 percent of the interns will end up practicing in a specialty,” he said.

Schools like UNC continue to combat primary care’s shortage of physicians, but it has proven to be a difficult task.  When Duke University School of Medicine experimented with what the school calls a “primary care leadership track,” several years ago, only three students out of Duke’s 102 graduates chose family-medicine residencies.  More recently, the Frank N. Netter MD School of Medicine at Quinnipiac University, opened with a very specific mission: mint new doctors who want to go into primary care practice.  Bruce Koeppen, Quinnipiac’s Dean, says it’s important to admit the right students to the program, so he will interview 400 applicants for 60 spots.  He will be looking more closely at women, individuals coming to medicine as a second career, those who are first in their families to go to college and students who have come from medically underserved areas, as these are the individuals more likely to go into primary care. 

Time will tell whether or not Quinnipiac will succeed.  And time will tell whether you decide to pursue primary care, a highly sought-after specialty or a career in research.  In the meantime, arm yourself with knowledge, look behind the numbers and start to formulate a vision for your future.  It will make the process of choosing where to attend medical school that much more meaningful.

Want a Career Abroad? Consider a European MBA.

Paths to business school tend to be as varied and diverse as the careers that begin after graduation. Sarah is an economic development consultant who wants to expand her financial acumen; Michael is an engineer who aims to manage the operations division; and Matthew is an investment banker who plans to make a career change.  And they all have one thing in common. They all want to go to business school in order to gain a general management education, where they will be able to learn from the diverse backgrounds of their classmates and expand their perspective.

But the question is: where will they begin?  All are seriously considering MBA programs in Europe, but all are wondering if they should take the plunge and do something drastically different than their colleagues at work who are looking to pursue an MBA in the US.

For prospective MBA students like Michael, Matthew and Sarah, there are many options to consider when deciding where to apply. 

First, there is the question of rankings and prestige.  When you are preparing to embark on an academic program that will not require you to obtain a license upon graduating, as you would after completing law or medical school, the reputation of the institution is especially important.  This is because the most sought after recruiters have relationships with top schools and it is more likely to not only to secure a job, but to secure a highly competitive position when you emerge from a well reputed school.  And many European programs are at the top of their game.  London Business School, INSEAD, IE and IESE are all listed in the top 10 of The Financial Time’s Global MBA Rankings. 

Second, you must evaluate the quality of the Career Services department.  Where are recent graduates working?  Which companies recruit on campus?  What was last year’s placement rate?   As soon as orientation, you will be meeting with career services staff to get the ball rolling, so it is important to do extensive research.  Many American and European programs have excellent reputations in career placement, but many agree that European programs have an advantage for those who want to work abroad.  At top European programs, the opportunities are not concentrated in any one city, country or industry, so you have a lot of opportunities to evaluate, many located within a reasonable distance, and plenty of multinational employers to impress. 

Third, consider geography.  It seems so simple, but geography is one of the most important qualities to evaluate.  If you want to work abroad and gain an invaluable international perspective, there is simply no better plan than to pursue an MBA program in Europe, where you will be able to easily network with companies near where you study or in neighboring cities and regions.  In a European MBA program, you will also have access to greater diversity.  You will be sitting next to people in class who come from all over the world, have extensive experience in a plethora of industries and have diverse educational backgrounds.  While US MBA programs boast that 30% of their classes come from around the world, approximately 80% of top European programs are foreign students.  And many European programs are strict about a dominant culture emerging.  At IMD’s tiny 90-person MBA program, 35 nationalities are represented.  Your ability to learn and work in a global context will be vital to your career. 

If, like Michael, Matthew and Sarah, you are seriously considering a European MBA, it is also important to know that while European programs tend to be cheaper and their one-year format makes them shorter than their American counterparts, some programs, like INSEAD, require you to be able to speak another language fluently.  So, it is important to pay particular attention to the program’s requirements when evaluating different options.

When my clients begin evaluating their options, the first thing I advise them to do is independent primary research.  It is not enough to peruse websites, read brochures or rely on outside opinions.  Prospective business school applicants should be talking to as many admissions directors, career placement staffers, faculty members, alumni and current students as possible, not only to learn first-hand what distinguishes certain programs, but to also begin building a relationship with the faculty and staff at programs they may interview with in the future.   Even if you are now just beginning your MBA program research, I would recommend that you attend one of the many MBA fairs coming to a city near you, either The MBA Tour, QS World MBA Tour or Access MBA.

Prospective applicants will be able to have one-on-one meetings with school representatives and also attend panel presentations that will address current issues affecting the world of general management education.  At these fairs, you will not only be able to talk with representatives from many American programs, but you can also look into the European programs like IE, IESE and Hult International Business School you may be curious about.

Your story set apart.