May 25, 2009
Adam: So, what did you learn during your first year at GSB?
Yukihiro: I learned core courses in the first year. The core courses of Stanford GSB can be divided by two types: Management Perspectives and Management Foundations. In Management Foundations, most of which students learn in the first (autumn) quarter, the students learn qualitative and fundamental subjects such as strategy, leadership, global perspectives, analytical thinking, organizational behavior. Based on the perspectives they learned in the first quarter, they develop the quantitative skills such as accounting, finance, statistics, economics in the following quarter. Now I have finished most core courses, and I will take many electives in the second year (you can take electives also in the first year if you want).
Adam: What part of the program have you liked the most?
Yukihiro: Although students are required to take core courses, they can select course levels and contents that suit their skills and backgrounds. The core courses are well designed and linked to each other, which boosts the students’ understanding about the subjects. I believe this helps the students become well-balanced business person who can deal with any challenging business issues in the future. You may consider you want to focus on specific area (e.g. finance) from the beginning, but I believe core courses collaborate with each other, give you insights into the subject you want to learn and help you understand the area you focus on in the long term. The well-designed GSB curriculum makes you aware of the benefits.
Adam: How hard was the first year?
Yukihiro: The first year in GSB was very tough! Especially in the first quarter, students must prepare hard for each class and deal with tons of readings and assignments. Actually, if there is one thing I have to complain about the program, it is that there is a risk that the understanding about each subject might be become halfway due to the lack of time. Even American students said the first quarter was very tough. Also, there are a lot of parties, networking and recruiting events in MBA. The students must manage their time efficiently to tackle the academic requirements.
Adam: How would you describe the culture of GSB?
Yukihiro: I think the culture of GSB is represented by the atmosphere of Silicon Valley and Bay Area: Entrepreneurial, easygoing, free, etc.. Challenging something is praised. GSB students enjoy life, as well as study hard.
Adam: Are there any common characteristics you find amongst your classmates?
Yukihiro: There are many types of students in GSB and so it is difficult to stereotypically describe their characteristics. However, I dare to say many classmates have entrepreneurial spirits. It does not necessarily mean they are going to run their own business. Whatever they do, they take an initiative and motivate others. They are talented and well-balanced people, always seeking for innovative ways of doing things.
Adam: How has the financial crisis impacted students at GSB?
Yukihiro: The financial crisis has huge impact on the recruiting activities of GSB students. Even GSB students find it difficult to get job offers both in summer intern and full time. Investment banks and consulting firms, which are two major employers of MBA students, are narrowing their doors for the students. Startups in Bay Area have also faced financial difficulties. GSB students are concerned more about recruiting than in usual years.
Adam: Do you have any specific advice for those considering application to GSB?
Yukihiro: GSB is pursuing the candidates who match its policy, “Change Lives, Change Organizations, Change the World.” Show your visions, which cannot be achieved in other schools. GSB is unique, and you have to show your “fit” to GSB.
Adam: What are your favorite MBA related blogs?
Yukihiro: Here are the GSB students’ and alumni’s blogs: http://www.gsb.stanford.edu/jacksonlibrary/info/news/gsbblogs.html. You can find your own favorite blogs there.
Adam: Anything else you would like to tell us?
Yukihiro: The environment of GSB (curriculum, students, resources, weather, etc.) is excellent. I hope you find your own top school and successfully get admitted to that school. It is great if your best choice is GSB. If so, I am looking forward to your joining our community!
I want to thank Yukihiro for taking the time to answer my questions.
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MBA留学 ビジネススクール カウンセリング コンサルティング スタンフォードGSB
May 24, 2009
Adam: What impact has the financial crisis had on life at Fuqua?
I want to thank Hazuki for taking the time to answer my questions. You can read my interview with a Class of 2009 student here.
MBA留学 ビジネススクール カウンセリング コンサルティング デューク大学フュークアスクールオブビジネス
May 10, 2009
How to Beat “The Curse of the Class of 2009”
Here’s some unsurprising news from the Wall Street Journal: “The bad news for this spring's college graduates is that they're entering the toughest labor market in at least 25 years.”
As writer Sarah Murray notes, however, that’s not the whole unpleasant story. “The worse news: Even those who land jobs will likely suffer lower wages for a decade or more compared to those lucky enough to graduate in better times, studies show.”
Murray cites research by Lisa Kahn, an economist at Yale School of Management, “for each percentage-point increase in the unemployment rate, those with the misfortune to graduate during the recession earned 7% to 8% less in their first year out than comparable workers who graduated in better times. The effect persisted over many years, with recession-era grads earning 4% to 5% less by their 12th year out of college, and 2% less by their 18th year out.”
So, this spring’s graduates are cursed not only with reduced job prospects now but also lower wages for the next decade or more.
How can you increase your odds to beat this curse? Earn a graduate degree. According to Professor Kahn, college grads who went to graduate school instead of the job market during the early '80s recession didn't suffer the same wage losses.
Conclusion: If you have been thinking about earning a graduate degree, then now may be the best time for both immediate and long-term reasons. Of course, it is a bad idea to enter graduate school merely to escape the economy or only to increase your chances of a better salary without thinking about what kind of work fires your passions.
As in any year, and for anyone thinking about going to grad school, before you apply:
Have a clear idea of what you want to study
Envision your post-graduation career path and make sure the grad degree really is the best vehicle for that path
Be honest about whether or not you are willing to take on student loans and/or spend your savings on grad school
Start to prepare your application now (See my previous post on getting an early start to the process.)
- H. Steven Green
For questions regarding this post, please contact me at email@example.com. To learn more about my graduate admissions consulting services, please click here.
- H. Steven ("Steve") Green, グリーン・ハロルド・スティーブン
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