The business school world is constantly buzzing with change and innovation. Each week, in addition to our regular news posts, we briefly touch on a few notable stories from this dynamic field in one roundup. Here is what caught our eye this week:
- Business Insider released its sixth annual business school rankings recently, with the Wharton School of the University of Pennsylvania claiming the top spot following its third-place finish last year. The University of Chicago Booth School of Business rose three spots from its 2014 ranking and came in second place, while last year’s champion Harvard Business School was ranked third. The publication looks at five factors, including average post-graduate starting salaries, reputation among employers who have interviewed MBAs for positions, and average GMAT scores at business schools.
- The Eli Broad College of Business at Michigan State University (MSU) recently received a $1M donation from MSU alumni Al and Nancy Gambrel, funding the installment of the Gambrel Family Endowed Professorship in Management. Al Gambrel, who serves as the senior vice president of human resources at food processing company TreeHouse Foods, credited one of his MSU professors, Larry Foster, as an inspiration to his career. “I’d love for [the professor endowed by the donation] to do for these students what professor Larry Foster did for me,” Gambrel said in a press release.
- Harvard Business School’s ambitious renovation and construction plans were met with approval by the Boston Redevelopment Authority last week. The school announced its plan for two new campus buildings, estimated to cost $171M, in 2014. Klarman Hall and G2 Pavilion will replace the existing Burden Hall, which will be demolished as the project begins.