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Yale SOM's Evans Hall opens up in January (NH Register photo) Yale School of Management , one of the Consortium 's 18 schools, is opening up a new campus facility, Evans Hall, in New Haven in mid-Jan., 2014.  The school will launch the new state-of-the-art building with receptions, lectures, presentations and celebrations of what has made Yale SOM special and unique among the panoply of business schools. The week's theme is "Leadership in an Increasingly Complex World." The new campus will feature the marvels of business-school technology and covers 242,000 square feet, at a cost of $240 million, much of which was made possible by benefactor Edward Evans, who was an undergraduate student at Yale and later CEO of Macmillan, Inc., the publishing house. Besides interview rooms and three libraries, it will even have a student gym and entertainment space. Yale's dean, Edward Snyder, migrated to Connecticut in 2011 from Chicago's Booth School of Business. In the...

The pot is stirring at Harvard Business School Harvard Business School made the front page of the New York Times last weekend.  It wasn't because one of its alumni is perched atop a Fortune 500 company or another announced a blockbuster merger with another mega-company.  It wasn't because one of its alumni is waging a ferocious shareholder campaign to take over a multinational company. And it wasn't because one of its alumni is the announced head of McKinsey, Goldman or Booz Allen. It was because its dean and staff are fighting a fierce fight to change the culture of the school and make it more accepting of the growing number of women on campus. According to the article, women now comprise 40% of the students in the business school. But the culture still remains entrenched in male dominance--in case-study groups, in classroom discussions, in the assembling of secret societies ("Section X," one is supposedly called), and in seizing the highest-compensation opportu...

Consortium Gets DC Footprint On deck is Georgetown's McDonough School of Business . This week The Consortium selected Georgetown's business school as the 18th Consortium school. Georgetown will join the other schools formally in July and start admitting Consortium students in the fall, 2014. Consortium Executive Director Peter Aranda made the announcement June 24, marking The Consortium's first new school in three years. Over the past five years, besides Georgetown, The Consortium has added Cornell, Yale , and UCLA and invited back UC-Berkeley after it departed in the early 2000s.  Georgetown follows the footsteps of other prominent business schools affiliated with The Consortium, including such schools as Emory, USC, Yale, Texas, Dartmouth, Wisconsin , and North Carolina.  What does Georgetown bring to The Consortium table? It gives the organization an immediate footprint in the Washington, DC, area.  Consortium business schools, often known nationally as top schools by...

Cornell attracts its share of Consortium finance MBAs On your mark. Get set. This week, over 300 new Consortium students will launch their campaigns to earn an MBA by heading to New Orleans for the Consortium 's 47th Orientation Program.  As in previous years, they will be engulfed by activity, events, recruiters, school staff, seminars, sponsors and celebratory gestures. For most of them, OP is a festive, uplifting time. They pause and take a week-long breath before embarking upon the frenetic pace of graduate business school.  Among the new MBAs, who's headed into financial services in 2013? How many among the 300-plus have expressed an interest in concentrating in finance at school or a career in financial services? As they take new twists and turns over the next two years, what do they aspire to do when graduation comes in 2015? Let's consider the current environment.  The awful, dreadful financial crisis is receding into memory, although there is a haunting, lingerin...

NYU's Damodaran: Finance Pundit Take any prominent business school, any of the schools recruiters and prospective applicants gush over. There is likely on campus a well-known, popular, favorite teacher, a campus legend who exudes business-school royalty. That professor would be the one whose course is in saturated demand and is a hot attraction. That's the professor who has the knack for making corporate finance or economics lectures sparkle, who ignites the classroom with animated discussions of business decision-making, business strategy or financial maneuverings. She is the professor who delivers the lecture in operations research or derivative products with verve--an actress at the podium who explores a business-school case as if it were a movie script. He would be the professor, an expert in his field, who commands in-depth knowledge in his subject, who has written tirelessly on the topic, and who is likely the industry's go-to source to explain to the public a f...

The MBA: Evolving and Adapting Press reports in the past year have occasionally announced the dismal state of the law degree. They've shown the downward trends in law school applications and the widespread lack of opportunities for new law graduates. And there is a lively, fiery debate about what is and what should be a legal education. A law student spends three years in school and, after assuming huge debt loads and making boundless financial sacrifices, graduates into the great unknown. Should she head for the dungeons of corporate law? Should he explore other channels (the public sector, e.g.), where limited opportunities for sustained employment exist? What should they do, when legal positions have dwindled in large numbers across the country in recent years? Should law schools take the lead in assisting their graduates? (Some have done just that in the past year, by hiring some of their own graduates or subsidizing them in their first-year jobs.) Should law schools spearhead ...

USC-Marshall (above) announces a new "MBV" program Across the country at top business schools, MBA students keep a watchful eye on all that's necessary to secure summer internships and full-time jobs.  It requires hard, steadfast work these days to secure work. But through it all, they keep an eye on yet another ball--midterms now, final exams later. It's a task of terror to attempt to pile on 6-8 weeks of intermediate corporate finance into a few days. On campus these days, including at the Consortium 17 , students scramble to find jobs for 2013, ponder the presidential election in the days to come, rush off to case-group meetings, and bury themselves in cubicles to study for an exam in advanced accounting. The pulse is steady, even as many try not to worry too much about what will or won't happen by next summer. Choices and Challenges In between normal academic chores, Dartmouth (Tuck) MBA students found an interesting guest on campus two weeks ago, as part of...

Yale SOM's new campus: One year away In late August, there's always a vibrancy on the campuses at business schools (including the Consortium 17 ) across the country as they prepare for the fall sessions.  New MBA students arrive on campus--wide-eyed, anxious, and excited about new experiences, new classmates and the challenges of in-depth study of finance, accounting, marketing, policy and recruiting.  Second-year students arrive after the intensity of summer internships (and with full-time offers for the fortunate ones), ready to resume studies in cherished, more interesting electives after the core courses are done.  Professors and deans get excited, too, as they are buoyed by the interests, eagerness and dreams of students. Always there is electricity during the early days of school in the fall, until students drift into an October grind, when it's time to ward off the pressures of upcoming midterms and recruiting chores. But for now, it's August, and there are new f...

For the past three decades, top business schools have hustled every way they can to improve levels of diversity on their campuses. They have aggressively recruited under-represented minorities (URM) and women. They have participated in pipeline programs like the Consortium . They have sponsored scholarships and funded fellowships. But two weeks ago, a Wall Street Journal article suggested that for many schools it's a one-step-forward, two-steps-back effort. Graduate business schools from Harvard and Stanford to the Consortium 17 have made praiseworthy progress among some segments (Asians, internationals), but insubstantial progress in others. "While many top programs boast that ethnic or racial minorities comprise a quarter or more of their student bodies," the Journal 's Melissa Korn wrote, "most of that population is Asian-American, a group that is statistically overrepresented at business schools when compared with their proportion of the U.S. population at l...

UVA Darden's Dean Bruner: "Moral Courage is an all-the-time thing." Before they ventured into the land of consulting, banking, finance, and product management, MBA graduates sat through commencement--one last chance to gather noisily with classmates and then ponder what lies ahead. They sat through an on-stage commotion of deans and queues of speakers--some from from the highest rungs of business, some students like themselves. What parting words did they hear?  What taps on the back did they receive, as they set off beyond the campus cocoon? In 2012 during the MBA graduation season, some themes are prevalent everywhere. Most graduating classes endure orations describing frail economic times and the responsibility they have to clean up the messes in the financial system or to assist others who face hardships. MBA graduates are often admonished to seek achievement beyond the corporate bottom line: Don't just rush out of here, they are told, to join a 10-year race to ac...

Tuck: Over 2,700 applications for just 250 spots At top business schools, including the Consortium 17 , this is the time of the year  admissions offices fine-tune and compose a new class that will start in the fall.  Many schools have rolling admissions, while most schools notify applicants during the spring. The Consortium , too, notifies those who will be invited for membership and those who will have earned full fellowships. How will the Class of '14 be different? How will it be like others? What do members of the class hope to achieve from two years on campus? The application numbers and statistics are likely similar to those in recent years.  At selective schools from Harvard to Haas at Berkeley and from Chicago to Carnegie Mellon , gaining an acceptance letter for a spot in the first-year class is still a hard task and the result of perhaps a half-year process of securing recommendations, writing essays, taking tests, visiting campuses, expressing interest and tryin...

New Cornell dean Dutta: INSEAD import For more than a decade, most top business schools have made it an important objective to "go global." They've incorporated international topics and issues in all phases of the curriculum.  They've encouraged or even required students to do internships or semesters of study in foreign countries. They've hired professors (full-time and adjunct) to teach courses that address business challenges around the world.  Some schools push students to master a foreign language and/or study abroad at a peer business school.  Students have eagerly embraced these opportunities. It's not unusual for MBA students today to spend a spring break in Tanzania observing corporate activity in East Africa, do a consulting project in Brazil and Peru, or do a summer internship in Indonesia, as some Consortium students did in the past three years. Business schools, we know, evolve, reassess and reinvent themselves--from year to year. They also observ...