When it comes to analysts, forecasting is a red herring
It’s not what you know, but how you tell it in the world of financial analysis according to new study by WBS acadmics http://bit.ly/1NFfEaL
WBS study suggests financial analysts’ real skills do not lie in their forecasting, but in the information they provide to other industry analysts.
Over the last few years investors have been queuing up to get a piece of the social media pie. So what exactly is it that gives this new phase of tech companies the power to woo investors without being able to show them an expected return?
Social tech firms are the hot stock for investors these days, yet a look at their balance sheet would put most people off.
Join Our World of Fearless Ideas at Maryland Day 2016
on Saturday, April 30, 10 a.m. - 4 p.m. Stop by the Smith School tent on McKeldin Mall. Join the conversation at #MarylandDay
Details: http://marylandday.umd.edu/ https://youtu.be/FHWFLW0Dhuw
Join Our World of Fearless Ideas: Maryland Day 2016 Saturday, April 30, 2016 10am - 4pm http://marylandday.umd.edu/
IMD business school’s Supervisory Board is delighted to announce the appointment of Jean-François Manzoni as the next President of IMD, starting January 1st, 2017.Read full story: http://link.imd.org/gqohz
Welcome back for the third in our series of posts offering analysis of the data we are receiving on MBA DecisionWire. MBA DecisionWire is a resource that allows candidates to share where they’ve decided to attend business school based on the offers they received. In this, its inaugural season, the rate of entries is ramping up as students make their final choices for the next academic year.
In the first two posts in this series, we dug into the MBA DecisionWire data to examine popular school pairings—that is, pairs of schools in which applicants who applied to one often also apply to the other. In the first, we looked at the following pairings: Stanford and Berkeley Haas, Columbia and NYU Stern, and Wharton and Chicago Booth. In the second we examined overlap between Michigan and Fuqua, Chicago Booth and Kellogg, and Stanford and Harvard.
This week we are shifting gears slightly, choosing a few individual schools to look at even more closely and examining associated application trends. Specifically, we are taking a look at applicants who applied to Harvard Business School (HBS), Dartmouth’s Tuck School of Business and UCLA Anderson School of Management to see which other schools those applicants seemed most likely to apply to as well. Understanding these groupings of schools helps provide insight into potential overlap between what the schools have to offer and why they might appeal to a particular subset of applicants.
Harvard Business School
Number of overall HBS applications reported: 190
Number who also applied to Wharton: 120 (63 percent)
Number who also applied to Stanford: 93 (49 percent)
Number who also applied to Columbia: 67 (35 percent)
Number who also applied to MIT Sloan: 65 (34 percent)
Number who also applied to Kellogg: 58 (31 percent)
Number who also applied to Chicago Booth: 57 (30 percent)
Number who also applied to Berkeley Haas: 34 (18 percent)
Number who also applied to Yale SOM: 33 (17 percent)
Number who also applied to Tuck: 32 (17 percent)
Number who also applied to NYU Stern: 31 (16 percent)
Our Analysis:
It is interesting to note that the order of other schools to which HBS candidates also applied is loosely aligned with the order that these schools appear in many of the popular business school rankings.
Wharton and Stanford are significantly out in front, with the next grouping of schools comprised of Columbia, MIT Sloan, Kellogg and Chicago Booth. Together these seven schools (including Harvard) is known as the M7 group of schools.
The next group, Berkeley Haas, Yale SOM, Tuck and NYU Stern are also closely grouped together, each drawing between 31 and 34 applicants who also applied to HBS. A significant gap then exists between this grouping of schools and the next school on the list, which drew only 19 applicants who also applied to HBS.
Finally, it’s interesting to note that five applicants applied to HBS and nowhere else.
Dartmouth’s Tuck School of Business
Number of overall Tuck applications reported: 88
Number who also applied to Kellogg: 41 (47 percent)
Number who also applied to HBS: 34 (39 percent)
Number who also applied to Wharton: 32 (36 percent)
Number who also applied to Michigan Ross: 27 (31 percent)
Number who also applied to Yale SOM: 26 (30 percent)
Number who also applied to Duke’s Fuqua School: 26 (30 percent)
Number who also applied to MIT Sloan: 24 (27 percent)
Number who also applied to Chicago Booth: 21 (24 percent)
Number who also applied to Cornell’s Johnson School: 21 (24 percent)
Number who also applied to UVA’s Darden School: 17 (19 percent)
Our Analysis:
With less data to work with—only 88 applicants have shared that they applied to Tuck so far—the list of schools appears to be a mix of some of the very top schools and a few of the remaining M7 schools. Notably, Columbia and Stanford were not among the top 10 schools where Tuck applicants were also likely to apply. (Thirteen Tuck applicants also applied to Columbia; 15 to Stanford.) Above these M7 schools were five from the next tier of schools—Ross, Yale, Fuqua, Johnson and Darden—most of which did not make it into the top 10 schools to which applicants to HBS were likely to also apply.
Number of overall Anderson applications reported: 71
Number who also applied to Berkeley Haas: 34 (48 percent)
Number who also applied to Kellogg: 27 (38 percent)
Number who also applied to Stanford: 23 (32 percent)
Number who also applied to Ross: 22 (31 percent)
Number who also applied to HBS: 19 (27 percent)
Number who also applied to Duke’s Fuqua School: 18 (25 percent)
Number who also applied to NYU Stern: 18 (25 percent)
Number who also applied to MIT Sloan: 17 (24 percent)
Number who also applied to Wharton: 17 (24 percent)
Number who also applied to Yale SOM: 15 (20 percent)
Our Analysis:
Berkeley Haas tops the list here for UCLA Anderson, which is not surprising given the location of the two schools. Proximity also likely plays a significant role in Stanford’s third place position. It is interesting to note that Kellogg fared well on this list, coming in at second place, and topped the list for Tuck above. The M7 schools that are absent from this list are Columbia, with 13 cross-over applications, and Chicago Booth, where only eight applicants to Anderson also applied.
While it would be premature to draw too much from this analysis, it does provide a better understanding of how applicants tend to group schools together. In this series’ next post, we will look at another three schools to see which other schools their applicants also apply to.
If you have made your final decision about where to attend business school, please add your submission to MBA DecisionWire.
How far did your degree take you? Check out our students in the Land of the Rising Sun, on the Japan Trek 2016.
Slowdowns in China and the US have got the world worried. Read LBS's Linda Yueh on the true complexity of the picture: http://bit.ly/1rcgd77
The slowdown in the Chinese economy is not solely responsible for current unstable worldwide markets, says LBS’s Linda Yueh.
Love wine? Thought much about the price of it? Read why it’s an alternative investment worth considering. http://bit.ly/1RUxNDjTo dig deep into strategic investment management, take a look at our short programme http://bit.ly/1PYeV3U
Today professor Bob Connolly received the U.S. Navy Superior Public Service Award honoring his dedication to serving – and teaching – those who serve. Congratulations, Bob! We're so proud to call you a Tar Heel. Read more: http://bit.ly/19fgv4a
The University of North Carolina at Chapel Hill
The stories people tell one another about the state of the economy can translate into reduced spending, which may, in turn, contribute to a downturn.
M-Kopa Solar, which was co-founded by former Oxford MBA classmates Jesse Moore and Chad Larson, provides off-grid electricity to 300,000 homes and businesses in Kenya, Uganda and Tanzania.
Pay-as-you-go solar kits free residents from state grid …
Dr Ruth Bender discusses the calls to give State aid to save Tata Steel, and how this might be affected if the UK were to leave the EU...
Ruth was interviewed on Radio 5 Live Breakfast show on 31 March, discussing why the Government could not give State aid to save Tata Steel, and how this might be affected if the UK were to leave the EU. This blog expands on some of the comments she made. There is a strong public and political demand…
This month’s "The Lisbon MBA Alumni Barometer”, in partnership with Expresso Emprego, is out!
We're very proud to read Alumni testimonials like this one. :) More here: http://ow.ly/4mJI6I. #TheLisbonMBA
Natalia Psakhye, a second-year student in the
Evening & Weekend Berkeley MBA Program, was at the show to work. “The product I have been building for over a year was officially announced and got nominated for several awards including Best of CES People's Choice Award,” says Natalia, Staff Product Manager for Sling Media.
Students also felt that their Berkeley MBA experiences helped them view CES through a new lens. “Pre-MBA, I would have seen this conference as an opportunity to view the latest consumer technologies and judge them by their ‘cool’ factor,” says David. “Attending CES with other MBA students made me think more about the commercial viability and business models of the different products being shown.”
Are you happy? When asked what they want most out of life, most people would put happiness at the top of their list. Read more in this month's SlideShare feature "The Quest for Happiness" to learn the secrets of leading a happy life.
Insights from INSEAD faculty and experts from around the world reveal how people can build happier lives.
Tepper School students “professionally and socially immersed” themselves in Silicon Valley’s energy during Professor Art Boni’s capstone course, Designing and Leading a Business: http://bit.ly/1U6KlMw
Course culminates with six weeks in SV …
Meet three student teams ready to put their entrepreneurial ideas to the test here at McCombs tomorrow in the nation's oldest business competition, the Texas Venture Labs Investment Competition.
Students are poised to put their business ideas to the test. Young entrepreneurs from The University of Texas at Austin will pitch their plans for turning leftover beer grain into granola, providing personalized digital exercise training, and offering affordable, modular eco-friendly houses at the o…
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