Wharton Keeps Banks at Bay, Invites UBS into the Admissions Suite

In our previous Blog entry, we offered a link to a Bloomberg article on increased salaries for MBAs and heightened competition for MBA talent amid top-banks and consulting firms. In the article, career services offices were shown to be protecting students from over-zealous recruiters. In particular, Bloomberg cited Wharton:

“The Philadelphia business school…limited the number of events this academic year to three per company. Wharton also delayed the start of on-campus recruiting until late October to give students time to settle in. ‘We wanted to reduce the frenzied perceptions by some students that they had to attend all 15 events to show they were really interested in a particular company’”

Two days later, Wharton announced a $1.25 Million Gift from UBS for its MBA Admissions Suite. While it is certainly well within Wharton’s rights to accept this donation, can an objective reader assume that UBS gave $1.5 with no expectation of increased influence?

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