Rather than Grant Diploma Privilege, New York State Opts to Provide Remote Bar Exam

Late last week, the New York Court of Appeals announced that it would be offering an online bar exam in October, as a one-time, emergency option in lieu of an in-person exam. Earlier this month, the state cancelled the September in-person test due to coronavirus-related safety concerns, without communicating an alternative. Since then, law grads, state lawmakers, and all 15 NY law school deans have increasingly pressured the state to grant “diploma privilege,” which provides law school graduates licensure without having to sit for the bar exam. The proponents behind the push, which is also occurring in jurisdictions throughout the nation, argue that while an in-person test constitutes a health risk, delays in examinations and licensure can put financial pressure on graduates with student loans. At this point, just four states – Louisiana, Washington, Oregon, and Utah – have decided to grant diploma privilege.

The New York Court of Appeals established a court-appointed working group to consider the various licensure alternatives, including diploma privilege. The group, however, found the remote exam to provide the best alternative to the in-person exam, noting the role that exam-based licensure plays in promoting consumer confidence. In its announcement, the court made the point that the bar exam “provides critical assurance to the public that admitted attorneys meet minimum competency requirements, emphasizing New York’s immense candidate pool as well as the degree of variation in legal curricula across the country.” The working group did remark that the online test was the best option, but not without its shortcomings. To minimize those, the working group consulted with experts in security, technology, and psychometrics to “ensure broad access, mitigate security risks, and establish a reliable grading methodology.”

New York is among a growing number of jurisdictions, including California, Illinois, Pennsylvania, Ohio, Massachusetts, New Jersey, Connecticut, Maryland, Washington D.C., Vermont, New Hampshire, Kentucky, Texas, Arizona, Oregon, and Tennessee that have opted to provide the October online bar exam. The working group further recommended that New York look into offering reciprocity to other states and jurisdictions offering the online option, which would mean that the bar exam scores could be transferred to other jurisdictions for bar admittance. Six localities, New Jersey, Maryland, Massachusetts, Kentucky, Tennessee, and Washington D.C. have established reciprocity and New Hampshire, Vermont, Ohio, and Illinois have also expressed interest in pursuing reciprocity agreements.

Business Schools Speak Out in Defense of International Students

Early last week, the Immigration and Customs Enforcement Agency announced updated guidelines for the Student and Exchange Visitor Program (SEVP), which will impact foreign-born students studying in the U.S. The updates include the following:

  • Foreign students on F-1 visas who take full online course loads will not be permitted to maintain residency in the U.S.

  • Students may take a hybrid course load with both in-person and online offerings. The student’s school must certify that he/she is not taking an entirely online course load.

  • Students whose course loads change throughout the semester will still be subject to the rule. If a student changes her course selections or is required to switch to online-only at any point in the semester, she must notify the agency within ten days.

  • Students whose schools are online-only should consider transferring to a school offering in-person instruction to lawfully remain in the country.

  • Students who remain in the U.S. while taking an online-only course load may face “immigration consequences.”

The guidance, which was updated in response to the COVID-19 pandemic for the spring and summer 2020 semesters, to allow for online study, is a reversion back to the previous ruling that SEVP does not allow for a student to take an online course load and maintain U.S. residency. However, given the uncontrolled nature of the pandemic throughout much of the country, schools and students have expressed shock at the update, particularly as many universities are still seeking the safest means to proceed with classes in the fall and must now contend with decreased flexibility. The universities that have publicly responded to the guidelines have been clear in their intentions to support their international students.

  • NYU announced that its fall plans would include a hybrid model with an emphasis on accommodating international students. Stanford, which had planned to provide most courses online, also pledged to support its students in finishing their degrees. Columbia University communicated its intentions to “alleviate the negative effect of these new regulations,” as well a plan to provide pop-up centers for students unable to return to campus.

  • Princeton, MIT, Duke, California Institute of Technology, and Dartmouth told Forbes that they are reviewing the policy’s implications and noted the importance of international students to their communities.

  • MIT and Harvard have filed a lawsuit against the administration stating that the option to offer remote courses during the pandemic is “of paramount importance to universities across the country.” Northeastern University has also joined the suit and Cornell is supporting it via amicus brief.

  • The California State Attorney General has also announced a lawsuit against the new policy.

The updated guidelines are thought to be part of the Trump Administration’s push for schools to re-open for in-person instruction in the fall, as well as part of continued efforts to restrict immigration. Last month, the President suspended the H-1B visa program for the remainder of 2020 via executive order. While the order kept the Optional Practical Training (OPT) program in operation, which allows international students to work in the country for one to three years, the H-1B visa is often seen as the goal for OPT participants.  As such, the executive order disappointed business schools as it may serve to discourage international students from studying in the U.S. by making it harder to find long-term employment post-graduation. Last October, the Graduate Management Admissions Council (GMAC) supported by a group of 50 business school deans, published and signed a white paper calling for an increase in H-1B visas to encourage the flow of international talent into the country.

There is a sense among U.S. business schools that the administration’s restrictions on immigration and work visas will only further harm their ability to compete internationally. According to GMAC, almost half (48 percent) of MBA programs saw a decline in applications from international students for their 2019 entering classes.

Women of Color Report Lower Satisfaction with Law School

Amidst ongoing Black Lives Matter protests in the U.S., a recently released report seeks to understand the experiences of women of color in law school. And it finds that minority women are significantly less likely than white women to be satisfied with their law school experience, at 82 and 89 percent, respectively. Just 30 percent of minority women and 33 percent of minority men report that they are “extremely satisfied” with their experience compared to 39 percent of white women and 44 percent of white men.

The report, titled Women of Color – a Study of Law School Experiences, was released by the Center for Women in Law and the NALP Foundation, and was conceived in response to the underrepresentation and departure of women of color in legal organizations, especially law firms. The sponsoring organizations wanted to explore the possibility that early barriers and imbalances in opportunity for women of color created disadvantages that impacted their careers over time. The study leading up to the report looked at disparities in the law school experience, social and academic, between women of color, white women, white men, and men of color. The survey period ran from 2017 to 2018 and included over 4,000 students from 46 law schools; 773 were women of color which included Asian/Pacific Islander, Black/African-American, and Hispanic/Latina.

Key findings:

  • About one-third of women of color said that they have seriously considered leaving law school (31 percent), while about a quarter of white women, white men, and men of color said the same (24 percent, 22 percent, and 26 percent respectively). Among the minority women who said they considered leaving, most cited “do not enjoy law school” (45 percent), “financial debt” (38 percent), and “not a good fit socially” (35 percent) as the primary reasons.

  • When asked to assess race relations, just 40 percent of women of color rated their law school positively compared to 70 percent of white men, 59 percent of men of color, and 58 percent of white women. Among the women of color, Hispanic/Latina’s ratings were the most positive and 25 percentage points higher than Black/African American women, and 13 percentage points higher than Asian/Pacific Islanders.

  • Fifty-two percent of minority women reported they experienced comments or interactions by students and/or faculty that negatively impacted their academic performance, compared to just 21 percent of white men, 34 percent of minority men, and 41 percent of white women. Women of color were also less likely than white women to say that they frequently felt comfortable raising their hand in class to ask questions.

  • At 71 percent, women of color were the least likely cohort to report having discussions with professors about their career plans and future goals, which was six percentage points below white women who were the most likely to engage in such discussions. However, 85 percent of women of color reported meeting one-one-one with professors to discuss coursework or grades.

  • Similar numbers of students across demographics said that they expected to practice law after graduation: women of color (90 percent), white men (89 percent), white women (88 percent), and men of color (87 percent).

NALP Foundation President Fiona Trevelyan Hornblower, via Bloomberg law, said that law schools, “can use this data to intervene and develop strategies to support students, to advance their success, both in law school and beyond.”

Meet Your B-School Match this July!

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The MBA Tour connects you with business schools from around the world, such as Wharton, IESE, Columbia & Chicago Booth. Their intelligent matching algorithm distills decades of experience to recommend the best schools for you. They’ll make the introductions, give you access to exclusive panels and discussions, and help you network with admissions professionals, alumni and fellow candidates.

Join in the virtually in the city closest to your home:

Seattle: July 7 - 5:00pm – 8:30pm
San Francisco: July 9 – 5:00pm – 8:30pm 
Los Angeles: July 11 – 11:00am – 2:30pm
Houston: July 14 – 5:00pm – 8:30pm
Chicago: July 16 – 5:00pm – 8:30pm
New York City: July 18 – 11:00am – 3:00pm 
Boston: July 20 – 5:00pm – 8:30pm
Atlanta: July 21 – 5:00pm – 8:30pm 
Washington DC: July 22 – 5:00pm – 8:30pm

Here is what you'll gain by attending The MBA Tour's virtual event this month:

1. Network with admissions decision makers from top business schools such as Wharton, Columbia, Chicago Booth and IESE.
2. Be matched with high-potential schools by our smart algorithm.
3. Explore the unique features of various business programs during interactive presentations.
4. Get exclusive GMAT tips from the exam creators.
5. Learn from industry specialists during 25-minute advising sessions.

Early MCAT Registration Numbers Show Significant Interest in Medical School

The AAMC announced a positive outlook for future medical school classes. When the MCAT registration opened in early May, after having been closed in March and April due to stay-at-home orders, 62,000 people registered online. This is a significant increase from the typical 10,000 to 12,000 on the opening day of registration. Similarly, registration for the American Medical College Application Service in early March showed an increase of 50 percent (in the number of applications started in the same period last year) in the first three days. While not all these prospective students will submit applications, it does provide reason for optimism about the future.

President and CEO of the AAMC, David Skorton, MD, said, "We're very encouraged by students' strong interest in registering for the MCAT exam. We're starting to see hints of strong interest in people entering the field overall, even though it's quite early in the medical school application process. It is a great sign if this preliminary trend continues, because our country needs more doctors."

Medical Schools Plan to Resume Clinical Learning Experiences

In May, the AAMC provided an update on medical schools’ plans to resume operations.

For medical students working in clinical care, most schools plan to resume work this summer.  As of early May, 103 of 155 total schools had reported their plans to the AAMC; 15 percent planned to restore students’ clinical care work by the end of May, 55 percent (cumulative) by the end of June, and 77 percent (cumulative) by the end of July. An additional 15 percent were still finalizing plans.

The AAMC noted the delicate balance necessary for returning students to clinical care. Patient safety and containing COVID-19 must be parallel goals alongside allowing students access to the patient-centered learning hours they need for a timely graduation. Medical schools are also struggling to create meaningful learning opportunities due to the diminished capacity of many supervising physicians to teach and the fact that routine surgeries and visits have been limited or restricted.

According to an article published in Crain’s Health Care Forum over the weekend, during this period, many schools have front-loaded virtual course work. The article also mentioned that some schools, such as the Cleveland Clinic Lerner College of Medicine, were able to allow students’ access to patients using virtual clinics and virtual hospital rotations.

As many students prepare to return to clinical care, obstacles will remain. Many schools and hospitals are not going to allow students to work directly with confirmed or suspected COVID-19 patients and some hospitals are limiting the number of people who can enter a patient’s room simultaneously. This suggests that training will continue to require creativity and a dependence on technology, with schools working with state boards and accrediting bodies to determine what will be approved.


GMAC Asks Media to Delay Publishing Business School Rankings

Last month the Graduate Management Admissions Council (GMAC), along with several other business education organizations, requested that MBA ranking organizations postpone publishing rankings amidst the COVID-19 pandemic. The request, sent via letter to Bloomberg Businessweek, The Economist, Forbes, Financial Times, QS, and US News & World Report, asked for the delay on the grounds that business schools are working to meet the needs of their students and communities and need support rather than additional responsibilities during this period.

The letter also pointed out the pandemic’s likely effect on metrics, speculating that survey results from this period may do more to reveal current stress than a business school’s effectiveness, with graduating students, alumni, and companies who recruit MBA graduates all facing significant challenges of their own.

The request concluded with a call for dialogue between the ranking organizations and the business school community. GMAC hopes to work in partnership with business education industry groups (AACSB, EFMD, and MBA CSEA) and the ranking organizations to consider the short and long-term implications of COVID-19 on business school education, including student mobility restrictions, test center closures, corporations’ hiring plans, and the challenge ranking organizations face in updating metrics during this period that will accurately measure a business school’s effectiveness. For example, schools’ responses during the pandemic regarding their ability to innovate to meet the needs of their stakeholders may more accurately reflect their value to prospective students than previously relied upon metrics.

The response to the request has been mixed.

  • Bloomberg Businessweek announced earlier this month that it would suspend its rankings. In addition to the request put forth by GMAC and schools, Bloomberg News Senior Editor Caleb Solomon added that it “felt inappropriate” to ask students, alumni, and recruiters to fill out a survey in an already overwhelming time. He also pointed out that the data collected would likely be overwhelmed by the pandemic and may not accurately show differences between schools.

  • Forbes, which publishes a biennial ranking of business schools, ranked the programs in 2019 and is not due to have another ranking published until 2021.

  • The Economist and QS have not published statements on their intentions to publish MBA rankings this year. Typically, The Economist and QS publish their Global FT MBA rankings in the fall.

  • The Financial Times, which produces the most influential business school ranking in Europe and Asia, published its Global MBA 2020 ranking in January, and just last week published its 2020 Global Executive Education MBA Ranking. Despite the pandemic and global uncertainty, their latest ranking shows change at the top, but it mostly consists of a reshuffling of established front-runner schools.

  • The most highly anticipated response, however, is from U.S. News and World Report, whose business school ranking garners the most attention within the U.S. Their Chief Data Strategist, Bob Morse, told Poets & Quants that, “the team at U.S. News continues to monitor the unprecedented disruptions caused by COVID-19 to business schools themselves, and their current and prospective students. As a result, we’re still reviewing our strategies for our upcoming Full-time and Part-time Best Business Schools rankings, as well as our fall 2020 data collection.”

While it remains to be seen how each ranking organization will move forward with compiling and publishing rankings, the GMAC letter provides valuable input for prospective business school students to keep in mind when reviewing available rankings and considering schools for the upcoming year.

  • While most surveys combine more than one year of data, to smooth sudden changes, carefully consider if a school of interest has dropped or risen suddenly to determine what metrics may be driving the change. Are certain metrics likely affected by the pandemic and likely to rebound? Or do you think they accurately reflect the schools’ ability to meet the needs of its students?

  • Look at each metric individually for a more complete view. Many of the ranking websites even allow you to sort schools based on the component metrics. You can then see how the schools rank based on what you are most interested in (quality of alumni network, starting salary, research opportunities, experience with faculty, etc.). This may also help you to understand what may be most affected by the lack of student mobility, testing cancellations, etc.

While the appeal of rankings is strong, we urge you to carefully consider how you can use them to find the best experience for you. Our advice has always been, and remains, to use them as only one component of your decision-making. During this period, more than ever, they should be a method to inform, but not drive your business school selection.

MBA Internship Opportunities Remain Stable in Technology, Finance, and Consulting Amidst Vast Domestic Unemployment

Over the past month, approximately 26 million Americans have filed for unemployment, showcasing the devastating economic impact of COVID-19. MBA internship programs, however, “have proven surprisingly immune” to the current economic woes according to a Bloomberg News article posted earlier this week. While some industries, including travel, hospitality, and advertising/marketing, have been disrupted, most companies within the core MBA tracks of finance, consulting, and technology still plan to move forward with their internship programs.

The Bloomberg article notes two reasons for the resiliency of these MBA internships. The first is the dependency companies have on internships for assessing potential full-time hires and building talent pipelines, particularly within finance and consulting. The second is the capability the sponsoring companies have for pivoting to online platforms for work and networking, providing the flexibility necessary to make internships work even in uncertain times. Abigail Kies, Assistant Dean for Career Development at the Yale School of Management noted that internship acceptance rates this year were comparable to 2019, and said she was pleased to see so few companies rescinding internship offers compared to previous economic downturns.

There will, however, be noteworthy program changes at some key recruiters. JP Morgan, Chase, Capital One, HSBC, and Nasdaq, along with Goldman Sachs and Morgan Stanley have all adapted their internship programs through delayed start dates, shortened programs, or virtual work. Goldman Sachs will delay its internship start date and compress the program to five weeks, while Morgan Stanley will run the majority of the program virtually. Other predominant MBA employers including, Google, Amazon, BCG, Deloitte, and PWC plan to continue with their intern programs and have not reported hiring impacts.

Admitted Students Hesitant to Start MBAs via Distance Learning

Poets & Quants published the results of a survey last week that showed prospective MBA students are feeling anxious over the uncertainty regarding when campuses will reopen. Among survey respondents, almost all—96 percent—said that missing out on the on-campus MBA experience is a “major concern.” Approximately one-third of the admitted students said that they will want to defer their start year if students are not invited back to campus in the fall, while fewer than one in five (17 percent) said they are okay with attending classes online. Just under half, 43 percent, believe that tuition and fees should be reduced if MBA programs cannot be conducted on campus, with a suggested tuition decrease averaging 37.5 percent.

With most business school deans reporting that they do not believe campuses will return to normal operations until September 1, 2020 or later, according to a recent survey that included 48 business school deans completed by Eduvantis, a higher-education consulting firm, there is talk that the current necessity of technology-based courses may forever impact the mode of business education delivery. The Eduvantis survey also asked deans to comment on how much their programs will “tilt towards distance learning” even after normal operations have resumed. While just 26 percent of respondents believe that their schools’ offerings will look “similar to what it was before,” a majority, almost three-fourths, say that they believe their schools will tilt more towards online learning to varying degrees. Additionally, there was notable consensus in response to an open-ended question asking deans what long-term institutional positives, if any, may stem from COVID-19 with 65 percent responding within the theme of “increased online teaching capabilities and comfortability.”

A recent Financial Times article described this period in business education as a time of innovation, and even as a tipping point for embedding technology more firmly into the foundation of the MBA experience by necessitating that even formerly resistant staff now provide online courses.  The article quotes Paul Almeida, dean of Georgetown University’s McDonough School of Business. “We do feel the students’ pain, the challenge they are facing, not just moving from face-to-face teaching to a virtual classroom but having to study from home and concerns about the future jobs market,” says Almeida. “But this crisis has planted seeds for innovation and transformation in the use of technology, about the potential for using our buildings differently so that people can study more flexibly and staff can telework.” He points out that distance learning can provide faculty researchers opportunities to work more collaboratively with other institutions or labs, “where we can unleash the power of working across universities.”

While this time of uncertainty is rife with questions, it seems that business school leadership and faculty are uniquely positioned to meet the challenges with optimism. Many programs have been building up online course offerings and integrating technology into course delivery for years. Prospective students, particularly those who are feeling anxious over the possibility of obtaining part of their degree online, may alleviate some of their anxiety by familiarizing themselves with their preferred schools’ existing online structure and offerings. While it is true that online substitutions will not provide the same experience as an in-person, on-campus MBA, schools are demonstrating that there is still ample opportunity for an excellent business education, and they are looking to find and integrate the best practices from this period into their standard operations.

Amazon to Include Larger Swath of Schools in MBA Recruiting Using Virtual Meetings

Amazon has adopted a new MBA recruiting strategy, according to a recent article in the Wall Street Journal. They are turning away from a previous focus on the most elite schools to broaden the scope of MBA talent they evaluate for full-time jobs and summer internships. This exciting new strategy will is being deployed to increase the diversity of background and talent in Amazon’s new hires. But it will now be increasingly difficult for prospective employees to meet anyone from Amazon face-to-face during the hiring process. Most on-campus visits will be replaced with virtual meetings.

While previously, the company hired approximately 1000 full-time employees and MBA interns from the 12 most prestigious schools, it has recently extended a similar number of offers to students from 80 MBA programs. So expectedly, the declines in the number of Amazon hires at top-tier programs have been striking. MIT and Kellogg reported declines of over 60 percent from 2017 to 2019. Berkeley Haas saw a decrease of about 50 percent over the same time period, reporting that Amazon is recruiting more from other programs at the school. And Columbia and NYU sent 40 percent fewer students to the company. While Michigan Ross no longer publishes its employment numbers, Amazon was the top employer for Ross in 2017, with 38 graduates, and they have confirmed that fewer went there in 2019.

Some schools report that Amazon’s virtual recruiting strategy has also dimmed students’ enthusiasm to work for the company; students responded positively to the face-to-face access to recruiters and executives in the past and are still adjusting to the change. Susan Brennan, Assistant Dean of Career Development at MIT’s Sloan school, says that “Students are drawn toward an opportunity where they have a direct connection.” More MIT graduates are now opting for employment at tech startups and consulting firms that are still sending representatives to campus to meet and interact with students. Others, such as Kim Austin, Director at Texas A&M’s Mays Business School career-management center, which saw an increase in Amazon employment among graduates, says that while it was initially a shock, students there have been pleased by the uptick in hires, and are adapting to the new reality of virtual meetings.

Other prominent MBA recruiters, including Goldman Sachs and Bain & Co. have adopted a similar strategy in expanding the list of schools from which they recruit. And it is likely that, they too, will conduct many of their meetings virtually. 

Proposed Federal Budget Will Negatively Impact Medical Students in Need of Loans

The average cost of medical school tuition, fees, and health insurance for the 2019-2020 academic year ranged from just under $38,000 for an in-state, public institution to $62,000 for private school or public school for non-residents, according to the Association of American Medical Colleges (AAMC). The median debt for students at graduation totaled $200,000. As such, prospective and current medical students should pay particular attention to how student loan funding and forgiveness will change as a result of the President’s recently proposed Fiscal Year 2021 budget. Below, are a few proposed budget changes that would directly impact medical students and residents.

  • The capping of GradPLUS loans to $50,000 per year and no more than $100,000 in a lifetime. The AAMC says that 47 percent of medical students rely on these loans to fund their education. Capping the total amount allowed per annum and over a lifetime at these values, which are lower than the full cost of medical school, will force students to seek funding through private financing, which typically carries less favorable lending terms.

  • The elimination of public service loan forgiveness programs. Currently, an AAMC survey of graduates estimates that about one-third of them are interested in pursuing public service loan forgiveness programs, which allows graduates—who work to benefit the community and make timely loan payments for ten years—to receive loan forgiveness. These programs are an important recruiting tool for many public-facing organizations, including inner-city hospitals, community health centers, and teaching hospitals, and is critical to providing healthcare services to communities in need.

  • The cutting of Medicare funding for Graduate Medical Education (GME). The budget proposes funding GME solely through new grant programs from general revenues, rather than Medicare’s trust fund. However, the cuts to Medicare are so substantial that even given the new proposed funding stream, hospitals would be asked to absorb cuts of over $50 billion in funding, which could result in fewer physicians and resources at teaching hospitals.



Doctors Seek Additional Training as Technology and Big Data Converge with Patient Care

Classes in data analytics, artificial intelligence, and technology may sound like the course load of an MBA student, but a recently released report shows the immense value of this subject matter for medical students as well. The Stanford Medicine Trends in Health 2020 report entitled “The Rise of the Data Driven Physician” describes a future for physicians where data and technology are increasingly intermingled with effective patient care.

The report, which includes a survey of physicians (n=523), residents (n=133), and current medical students (n=77), analyzes how trends in medicine impact those on the front lines of patient care.  The health care sector, the report claims, is undergoing “seismic shifts, fueled by a maturing digital health market, new health laws that accelerate data sharing, and regulatory traction for artificial intelligence in medicine.”  And the report’s findings show that while there is acceptance and even enthusiasm around the benefits of data and technology among providers, there is also a real gap that exists between the training that physicians, residents, and students receive, and the demands of the evolving profession. Lloyd Minor, MD and Dean of the Stanford University School of Medicine says, “We’ve found that current and future physicians are not only open to new technologies, but are actively seeking training in subjects such as data science to enhance care for their patients. We are encouraged by these findings and the opportunity they present to improve patient outcomes. At the same time, we must be clear-eyed about the challenges that may stymie progress.”

The respondents appear keenly aware of the changes occurring within medicine and both physicians and residents say that they expect about a quarter of their current duties to be automated using technology over the next 20 years. Students predict that, on average, 30 percent of their duties will be automated. Further, just under half of the physicians surveyed (47 percent) and about three-quarters of the students surveyed (73 percent) say that they are currently seeking out training to better prepare themselves for innovations in health care. Among physicians who said they are currently attending training, the most popular subjects are genetic counseling (38 percent), artificial intelligence (34 percent), and population health management (31 percent). Students seeking additional training courses are taking advanced statistics and data science (44 percent), population health management (36 percent), and genetic counseling (30 percent) at the highest rates.

When asked about which innovations have the most potential to transform health care in the next five years, physicians as well as students and residents (grouped) were both most likely to respond with personalized medicine, followed by telemedicine. Both groups also see potential in artificial intelligence, wearable health monitoring devices, and genetic screening.

When the groups were asked about how helpful their education has been in preparing them for new technologies in healthcare, just under 20 percent of both students and residents (18 percent) and physicians (19 percent) responded “very helpful.” Current students and residents were more positive overall, with 58 percent responding that their education was “somewhat helpful.” Only 23 percent responded negatively. Among physicians, 36 percent found their education somewhat helpful, and the remaining 44 percent replied negatively.

The most notable gap, perhaps, is the one highlighted below, which showcases the difference between the perceived benefits of medical innovation for patients and how prepared the provider is in implementing that innovation. The two charts, students and residents (grouped) and physicians, show the group that agreed an innovation will be “very beneficial to future patients” compared to the group that said they feel “very prepared to use the innovation in practice.” Some of the gaps are marked. For example, over half of students and residents (55 percent) and physicians (51 percent) believe that personalized medicine will be very beneficial to future patients, yet only five percent of students and residents and 11 percent of physicians feel prepared to deliver it. Personalized medicine showed the largest gap between perceived benefit and preparedness for both groups, while virtual reality showed the smallest. Both groups feel very prepared to work with electronic health records, but there were lower levels of perceived benefit to the patient.

Gap Between Perceived Benefits to Patients and Provider Preparedness

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This report demonstrates the changing nature of the medical profession, its current and continuing intersection with technology and big data, as well as the need to provide opportunities and training to medical providers so that they can use these innovations to improve patient care. Prospective and current medical students will want to carefully consider how they are using their time prior to and during medical school. It may be beneficial for them to spend time speaking with physicians and residents to gauge what technologies and research are driving change. Taking classes prior to medical school, in statistics and data modeling, as well as technology and AI may have a positive impact on their ability to bridge the gap between present demands and the traditional medical school curriculum.

The MBA Tour North America 2020: MBA & Business Master’s Conferences

Considering or applying to business school? Don’t miss this exclusive & free opportunity to network with top business schools like IE, INSEAD, Fordham, UBC, Boston University & Georgia Tech! Join us in a city near you:


Toronto - Thursday, January 30

New York City - Saturday, February 1

Boston - Monday, February 3

Washington D.C. - Thursday, February 6

Los Angeles - Saturday, February 8

San Francisco - Sunday, February 9


You’ll have the opportunity to:

  • Meet face-to-face with admissions representatives in small groups

  • Improve your resume with advice from admissions experts

  • Attend individual school presentations to compare various programs 

  • Learn how to finance your degree and improve your application

  • Get tips from test prep experts on preparing for the GMAT

  • Network with alumni and fellow applicants

  • Enjoy free refreshments

  • And much more!

View the full list of participating school and more event details here.

Environmental, Social, and Governance Issues Becoming Important Component of Graduate Management Education

At the conclusion of each year, Poets and Quants asks business school deans to predict future trends in and relating to business education. This year social impact emerged as a prominent theme. More specifically, the idea that amidst society’s environmental, political, and social challenges, business leadership will be called upon to act and that those who do not will be held accountable. Scott DeRue, Dean of University of Michigan’s Ross School of Business, tells Poets and Quants, “In 2020, I anticipate that society will continue to be challenged in many profound ways… In business, CEOs will be expected to be more engaged than ever in policy-related issues and social causes. Employees, customers, and investors will increasingly demand that companies explain how they are diversifying leadership, addressing climate change and sustainability, and improving equitable access to jobs and economic opportunity. It will be a challenging time for leaders across all sectors, wherein missteps will be very public, and purposeful leadership celebrated.”

The role of social impact in business education was also the topic of a Financial Times special report released in late October. The report noted that the demand for increased integration of policy-related topics in the business school curriculum is coming from both current and prospective business students, as well as corporations that recruit from the schools. Students who may have once pursued graduate degrees in public policy are now looking to obtain an MBA and make a positive difference in the world via business. Kevin Stevens, Dean of Loyola University of Chicago’s Quinlan School of Business, told the Financial Times that, “Demand is coming from all sides: we are hearing it from corporations and we are really hearing it from our students. This generation is so concerned about what the future looks like and what shape the planet will be in that they are demanding we focus on it.” In response, schools are updating courses, initiatives, and even their own operations to incorporate environmental, social, and governance (ESG) issues.

To gain a better understanding of how schools are incorporating ESG into their offerings, the Financial Times requested that schools submit examples of current initiatives within four categories: teaching, research, special initiatives, and business school operations. The goal of the request was for a specified group of judges to look at both trends and best practice examples, as social impact is inconsistently defined and difficult to measure. The most notable take-away was the sheer number of submissions that the Financial Times received. In response to the call for information, 220 business schools submitted various ways in which they were delivering social impact, based on the four categories. But the judges found challenging the wide variety of definitions used and the complexity of assessing the impact of the programs.

Additional noteworthy trends identified by the Financial Times’ special report:

  • Higher levels of ESG activity were associated with schools with religious affiliations (e.g., Loyola University Chicago, and Fordham) or those located in Northern Europe or France.

  • Judges found it difficult to assess the quality of ESG-related courses, which many schools offer, but few make a mandatory part of the curriculum.

  • Prestigious schools such as Harvard, NYU, Stanford, and Oxford appeared predominantly within the research category.

  • There was a lack of clearly connected peer-reviewed research that proposed implementation plans.

See list of submissions deemed best practice here: https://www.ft.com/content/b6bcfa02-ef37-11e9-ad1e-4367d8281195

The Aspen Institute also reviews and recognizes ten courses annually that they designate as the best for preparing and inspiring business students to address the largest issues of our time as a part of the Ideas Worth Teaching initiative. This year the ten winning courses covered topics including: accounting and defining business value, sustainability and climate change, leadership, strategy, people analytics, and marketing. The courses, including syllabi and readings, are available online here: https://www.ideasworthteachingawards.com/

Social impact and the role of public policy are becoming more integrated into daily business dealings, particularly for those in or aspiring to leadership. Anyone considering an MBA should familiarize themselves with the Financial Times’ designated best practices or the Aspen Institute courses to understand how these ideas are best integrated into the MBA curriculum. Reading and creating a point-of-view on areas of interest will also serve prospective students engaging with admissions officers, as well as current business school students interviewing for internships or jobs. The role business schools and students have in leading research and innovation for society’s greatest challenges will only grow over time.

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.

Record Number of Women to Matriculate to MBA Programs This Fall

New data released by the Forté Foundation and reported by the Financial Times and the Wall Street Journal this week show that a record number of women are enrolled at top MBA programs this fall. At over 50 of the top-ranked business schools in the U.S., Europe, and Canada, women average 39 percent of the class, an increase from nearly 38 percent in 2018 and 32 percent in 2011.

At the top of the list, the Olin Business School at Washington University in St. Louis has almost approached gender parity, with enrollment at 49 percent female. Following closely behind, with 45 percent or more women, are The Wharton School at the University of Pennsylvania and the Ross School of Business at the University of Michigan. There are 19 schools that have 40 percent or more women enrolled, including Harvard Business School, the Kellogg School of Management at Northwestern University, the Yale School of Management, and Duke University’s Fuqua School of Business.

While this increase in female students has been linked to declining overall applications to MBA programs in the U.S., greater female representation has long been a goal of top business schools, with many making significant marketing and outreach efforts geared towards women over the last two decades.

The Financial Times highlighted the women’s ambassador program at Olin, which urges current students and alumni to encourage other women to apply, as well as a Women in Leadership Conference for prospective MBA students at University of Michigan’s Ross. Speakers at Ross’ annual event address issues pertinent to women including creating inclusive communities, becoming a better ally for other female students, and navigating imposter syndrome. The Dean of Michigan Ross, Scott DeRue, noted that at this year’s conference, 42 percent of attendees had designated Ross as their first choice for an MBA going into the event, but afterwards that number increased to 89 percent, suggesting that the content resonated strongly with prospective students.

Elissa Sangster, Forté Foundation’s chief executive, couldn’t be more pleased with the increasing gender balance in business schools. Like most educators, she believes this will improve business education for all by increasing the diversity of opinion in the classroom. “It changes the conversation between students and their tutors, whether talking about corporate strategies or how to manage people.”

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?

Positive Learning Environments and Regular Feedback Result in Lower Levels of Depression Among Medical Residents

The impending physician shortage, coupled with the problem of physician burnout, has led to important discourse over the treatment and training of future physicians. Medical training programs are looking to improve wellbeing among medical students and residents through various avenues including reduced tuition, investments in wellbeing programs, and mental health resources. But are they doing enough? A recent op-ed published by the AAMC, by Srijan Sen, MD, PHD, suggests medical residency programs need systemic changes on top of the current efforts focused on building individuals’ resilience and wellbeing.  

Dr. Sen, along with collaborator Connie Guille, MD, analyzed data collected via the Intern Health Study to highlight the negative impacts of residency on interns’ health and propose data-based solutions for a healthier environment. The Intern Health Study, a longitudinal study that includes responses from more than 20,000 medical trainees, shows that the rate of depression increases “Five-fold within the first few months of residency” and remains higher throughout training with “about one out of four residents screening positive for depression at any given time during residency.” Dr. Sen goes on to note that beyond the questionnaire responses describing stress, there are physical indicators as well. “Telomeres, a cellular marker of aging, shorten five times as much during internship as during a typical year of life…” And, what’s more, a compromised physician is more likely to make medical errors and to provide lower-quality care to patients.

Dr. Sen references a 2019 study that reviewed over 50 internal medicine programs using residents’ feedback and information collected in national databases. The findings show variation in the depression rates between programs; more importantly, the variation showed consistency with some programs regularly registering high and others low. When Dr. Sen compared the programs, the findings showed that while the volume of hours, type of work (administrative versus patient care), and work-family conflict all impact the rates of depression, another critical component differentiating the high and low depression programs was the type of learning environment.  “A key factor among low-depression programs was residents reporting that their inpatient rotations were a positive learning experience. Another was receiving timely and appropriate feedback from faculty. Both of these factors indicate that a focus on education, and specifically directed education from faculty, makes a major difference.”

The findings are particularly pertinent given an article published last week in the NY Times by Perri Klass, MD. The article, which is in response to a recently published JAMA Pediatrics article (Walking on Eggshells With Trainees in the Clinical Learning Environment), speaks to the difficulties that many faculty members feel providing feedback to trainees. While the medical community is working hard to end the harassment and bullying of residents that typified many interns’ experiences historically, some feel the pendulum has swung too far and that they are unable to provide criticism, tough feedback, or make interns feel discomfort without retribution or poor evaluations.

Dr. Klass quotes Dr. Janet R. Serwint, professor emerita of pediatrics at Johns Hopkins, who says, “When I look back at my career and my life and how important some of that feedback was, and it was hard for the giver to give to me, I’m sure, but they did it in a respectful way… I worry that the balance is swinging in such a way that it’s all about, oh, you are wonderful.” During her time as the vice chairwoman of education and the residency program director, she said that some faculty would mention problem residents, but often they had not broached the issues directly with them. “It’s the discomfort, or the worry of retaliation and evaluation.” Furthermore, Dr. Melanie Gold, lead author of the JAMA article, goes on to say that she has also struggled with interns unwilling to experience discomfort during medical training. Her examples include a student who complained to a course director about transgender health’s inclusion in the curriculum and others who, due to religious objection, were unwilling to even observe a patient consultation. Dr. Gold went on to say that many faculty members feel ill equipped to engage in the resulting difficult conversations.

While these articles are written from differing perspectives, they describe a shared desire by residents and faculty for meaningful feedback and instruction. Given that discomfort is an inherent condition of medical training, the data would suggest that some programs are able to navigate this discomfort better than others. Dr. Sen says that “Faculty members also need to learn trainees’ specific strengths and weaknesses and then provide thoughtful, specific feedback that truly supports their learning. Programs ought to encourage faculty to invest the time necessary to support learners and reward them for doing so.”

Following this discourse is important for future medical students and interns who are applying to medical school or residency programs. Applicants can distinguish themselves by showing that they understand the role that feedback—positive and negative—plays in preparing for a medical career. Demonstrate this understanding by using interviews and essays to describe situations where negative feedback spurred improvement, learning, and connection with others despite discomfort. Just as faculty must be willing to consider how best to promote learning, trainees must demonstrate an openness to the criticism and discomfort necessary and inevitable in the preparation for a medical career.

Further, when evaluating programs, applicants should take into consideration the learning environment. Observe the interactions between faculty and interns, and question current and former program participants about how and at what frequency feedback is offered. It may also be worthwhile to engage administrators or admissions representatives on how the program structure trains and supports faculty in providing feedback, facilitating difficult conversations, and creating a positive learning environment. While more visible wellbeing investments can be compelling, it is critical to look closely at the structural elements of a program that data shows matter to the lives of residents: hours worked, tasks performed, work-life balance, and the learning environment.

Law School Graduates Enter Best Job Market Since Recession

Employment outcomes for the law school class of 2018 are showing a rebound back to pre-recession levels according to selected findings released by the National Association for Law Placement earlier this summer. The full report, Jobs & JDs: Employment and Salaries of New Law School Graduates — Class of 2018, is expected to be released in October 2019.

The employment rate, which has increased over the past three years, is up to 89.4 percent from 88.6 percent in 2017 among those with a known employment status, despite the total number of jobs declining by about 150 overall compared with 2017. Seventy-one percent of graduates obtained full-time, long-term, bar passage required work, which is even higher than rates measured prior to the recession. And, the number of employed 2018 graduates seeking a different job, 13.2 percent, is the lowest percentage recorded since 2002 and down 11.4 percentage points from the class of 2011’s record high of 24.6 percent.

James G. Leipold, NALP’s Executive Director says, “Certainly, the overall employment rate has improved because of two intertwined factors. First, and most importantly, the smaller graduating class has meant that there is less competition for the jobs that exist. Second, large law firm hiring has increased steadily since 2011, adding more than 1,900 jobs in seven years.”

Despite the positive employment report, Kaplan Bar Review Survey results released earlier this week show that most recent law school graduates say the job search process was more time consuming than they expected. Fifty-two percent of the 417 surveyed say the search required more time than anticipated while only 11 percent say it required less time. The remaining 37 percent say the amount of time required was in line with their expectations. Additionally, the survey asked respondents to grade their alma mater’s career services for their support with assisting them in finding a job. While 23 percent of those surveyed graded their alma mater an “A” and 30 percent a “B”, 23 percent gave a “C” and a combined 25 percent gave marks of a “D” or an “F”. 

Students were more positive regarding their alma mater’s ability to prepare them with the necessary legal skills. When students were asked to grade their alma mater on how well it equipped them to successfully transition from a student to a legal professional, the marks were considerably higher. One-third of students gave their school an “A”, 45 percent a “B”, 16 percent a “C” and only 6 percent a “D” or “F”.

Anecdotally, students shared that while grades are important, they may have overinflated their importance in finding a job while also underestimating the value of networking. Students said that they wished they had known to start early and to focus more on networking throughout law school and the job-search process, including using social media connections.

Commenting on the survey results, Vice President of the Kaplan Bar Review, Tammi Rice, advises that, “The job market for newly graduated lawyers has not been this strong since the start of the Great Recession, which is promising, but that doesn’t mean that jobs are just going to fall into their laps. It requires networking, starting the process early, and often passing the bar exam, as many employers won’t hire you until you’ve secured your license. We encourage all recent law school graduates to take advantage of the resources and guidance your alma mater’s career services office can provide you. They have a vested interest in seeing their graduates succeed, so they want to be helpful as you look to land a job that requires that you passed the bar.”