Archive for July, 2009

HBS Life Science Fellows a/k/a Who are the Geezers

Thursday, July 30th, 2009

AND JUST WHO ARE THOSE GEEZERS AT HBS? IN CASE YOU

WERE THINKING OF APPLYING AT AGE 30 OR YOU WERE 

WONDERING WHAT IT TAKES

TO BE THE SORT OF 10 PEOPLE

 THEY TAKE AT THAT AGE??????


Harvard Business School Announces New Life Sciences Fellows

Ten winners to enter MBA Class of 2011

 http://bit.ly/4uYow

BOSTON, July 30, 2009 — Three Ph.D.s, three medical students, a urologist, an expert in cardiac rhythm and disease management, an authority on vaccine development and manufacturing, and a consultant to Fortune 200 companies. These ten people now have one more thing in common besides their high level of talent and accomplishment. They have all recently been named recipients of Robert S. Kaplan Life Sciences Fellowships at Harvard Business School as they prepare to enter the School’s MBA program in September.

Established in 2008 to encourage students with life sciences backgrounds and career interests to attend Harvard Business School, the Kaplan Fellowships enable HBS to award $20,000 each to ten incoming MBA students who meet those criteria. Credentials may include academic achievements, recognition from outside organizations, and professional accomplishments. Preferences are given to students who are planning careers in science-related businesses or organizations. Awards are for only the first year of the Harvard MBA Program and do not affect the recipient’s eligibility for the School’s need-based fellowships.

These awards were created through the generosity of Robert S. Kaplan, a member of the Harvard MBA Class of 1983 and former vice chairman of The Goldman Sachs Group, Inc., where he now serves as a senior director. He is currently a Professor of Management Practice at HBS.

“As the leaders of this country work to cure the ills of the US healthcare system, the importance of the interplay between the life sciences and business has never been more important,” said Deirdre L. Leopold, Managing Director of MBA Admissions and Financial Aid. “We are grateful to Rob Kaplan for helping us to attract to Harvard Business School this multitalented group of extraordinary students.”

The Kaplan Fellowship Program reflects Harvard Business School’s continuing commitment to trying to solve the array of problems facing the healthcare sector. In 2005, for example, HBS launched the Healthcare initiative, a multidisciplinary program that brings together the extensive research, thought leadership, and interest in the business and management of healthcare that are now key parts of the School’s agenda. “Healthcare is both an important global issue and a significant opportunity for Harvard Business School,” said HBS Dean Jay Light. “It’s an area where management faces numerous challenges, and many of our students are eager to take up those challenges when they enter the workforce after graduation. Kaplan Fellows will play an important role in this effort.”

The 2009 Kaplan Fellows are:

  • Carissa L. Bellardine Black, who comes to HBS from medical device maker Medtronic, where she was a senior scientist in the Cardiac Rhythm Disease Management Division, working on the development and evaluation of new cardiac monitoring and therapy devices. The co-inventor of multiple medical device technologies, she holds a BS, MS, and Ph.D., all in biomedical engineering, from Boston University.
  • Drew Cronin-Fine, who joined IMS Health, a consultancy in New York City, after graduating from Brown University with a BS in applied mathematics and biology. Among other responsibilities, she managed and directed projects for major pharmaceutical and biotech clients. She has also worked as a research assistant at Brown and at several Providence, Rhode Island, hospitals.
  • Christopher J. Cutie, MD, who has spent the past six years as a resident in urology (most recently as chief resident) at the Massachusetts General Hospital, where he performed more than 200 operations and was responsible for resident training in operative techniques and patient care. He is a graduate of the Yale School of Medicine and did his undergraduate work at the University of Pennsylvania, where he majored in anthropology and German literature and minored in chemistry.
  • Kouki Harasaki, who worked as a senior researcher in drug discovery and development for cardiovascular disease and diabetes at the Novartis Institutes for Biomedical Research after earning a PhD from the Department of Clinical Biochemistry at Cambridge University. As an undergraduate, he majored in molecular and cell biology as well as Asian studies at Cornell.
  • Sidhant Jena, who worked as a senior reliability engineer at Medtronic, where he was involved in the development of the company’s latest implantable cardiac defibrillator. He also launched the company’s Public Health Initiative, which brings together scientists, engineers, and business executives to explore business models in the areas of wellness and heart disease prevention. He holds two degrees from the Georgia Institute of Technology - a BS in computer engineering and an MS in electrical and computer engineering.
  • Jared R. Jensen, a chemical engineering graduate of Princeton with a master’s degree in that subject from Lehigh, who worked as a senior manufacturing supervisor at Merck, where he watched over the production of vaccines for shingles and chickenpox. As a staff engineer before that, he was involved in the development and manufacture of vaccines for cervical cancer and hepatitis B.
  • Heather L. McCullough, who is about to complete her Ph.D. in genetics after six years of study at the Stanford University School of Medicine, where she was a recipient of a National Science Foundation Graduate Research Fellowship. As an undergraduate at the University of California at Berkeley, she majored in molecular and cell biology and minored in business administration at the Haas School.
  • Alexander S. Misono, who is in the joint MD/MBA program at Harvard Medical School and Harvard Business School. He has also worked as a research scientist at Children’s Hospital Boston, Brigham and Women’s Hospital, and Dana-Farber Cancer Institute. After graduating from Harvard College with a degree in biochemistry, he was a consultant with L.E.K. Consulting, advising companies in the biotech and life sciences sectors.
  • Alexander G. Nazem, who went to work for the Institute for Healthcare Improvement (IHI) after graduating from Yale with a BS in molecular biophysics and biochemistry. At IHI, he played a major role in a successful national campaign to prevent 100,000 hospital deaths. Since 2007, he has been instrumental in developing IHI’s Open School for Health Professions, a virtual school. He is also an MD candidate at the Yale School of Medicine.
  • Erika Pabo, who received a bachelor’s degree in the history of science and medicine at Yale and is now in the joint Harvard MD/MBA program. Long interested in delivering health care in resource-poor settings around the world, before entering medical school she worked as special assistant to the CEO of the Institute for Healthcare Improvement, focusing on health care disparities. During her first two years in medical school, she served as training and education co-leader for Students for Global Health and as a case writer for the Global Health Delivery Project.

McKinsey for Dummies

Thursday, July 30th, 2009

McKinsey for Dummies

from New York Magazine: a short, sweet and fact filled history w. some amazing stats about the reach of McK

This little factoid is prob not as true as it used to be:

McKinsey hired its first Harvard M.B.A. in 1953 and continues to cherry-pick from the school’s Baker Scholars—the top 5 percent of the graduating class. At one point, more than a third of the firm’s consultants held a Harvard M.B.A.

to wit,  my guess is current Baker Scholars over the past 5 years have drifted into Finance (PE, VC) or Non profits. Getting a job at McK used to be the pot of gold at the end of HBS rainbow, but ramp up in Finance changed that dramatically.  ALtho what is true TODAY, w. finance jobs getting harder to find, and also MC jobs getting cut back as well, is anyone’s guess.  If anyone has placement stats about where class of 2008 went in terms of MC, please post.

The Answer Men


(Photo: Mark Horn/Getty Images)

McKinsey & Co. are supposed to know it all. They’re business consultants who travel the world and charge corporations top dollar to help them run with state-of-the-art efficiency. McKinsey gets called in when things are good (time to expand!) or, like now, bad (to give bosses cover to make bloody-minded decisions). Known as “the Firm,” McKinsey has consultants in 90 offices in 50 countries. They hire the best-credentialed people, and they pay them well. By their own count, they serve 80 of the Fortune 100, though who, precisely, retains them, they try to keep confidential. Last week, they were hired to try to fix the fabulously free-spending Condé Nast.


Origins
The firm was founded in 1926 by James O. McKinsey. Born in 1889 and raised in a three-room house in the Ozarks, the ambitious McKinsey was a professor and consultant, and an early practitioner of the principles of “scientific management,” or the detailed study of work flow and the division of labor. The company not only survived the Depression, it thrived, until the untimely death of McKinsey in 1937. His disciple Marvin Bower took the firm to consulting glory over the next 30 years, in part through an obsession with being “professional”—in appearance, tone, and conduct. Bower once forbade all junior consultants from wearing argyle socks because he thought they would distract clients. And the firm’s consultants were required to wear fedoras until President Kennedy stopped wearing them.

The Product
McKinsey is brought in to let companies in on the latest in global management fads (a few years back, McKinsey reportedly evangelized about “the war for talent,” which meant “promote stars,” even if they don’t have experience), or to target workers for layoffs (e.g., “streamlining,” “downsizing”). McKinsey consultants Tom Peters and Robert Waterman pretty much invented the notion of “corporate culture” in their book In Search of Excellence, which sold 6 million copies.

School Ties
McKinsey hired its first Harvard M.B.A. in 1953 and continues to cherry-pick from the school’s Baker Scholars—the top 5 percent of the graduating class. At one point, more than a third of the firm’s consultants held a Harvard M.B.A.

Bloomberg Ties
Mayor Bloomberg has used McKinsey repeatedly since he’s been in office. Sometimes McKinsey did it for free (troubleshooting the Police and Fire Departments’ responses to 9/11) and sometimes for pay (a report on how the city could stand its ground in high finance against London). The Department of Education has also used them, and PlaNYC was based on McKinsey data-crunching.

Problem Child
McKinsey took heat for its closeness to Enron, which the consulting firm had advised for eighteen years. Former Enron CEO Jeff Skilling was a McKinsey alumnus, and consultants had endorsed Enron’s “asset-light” strategy; it was reportedly very much in thrall to the “war for talent” theories, too.

Overage
McKinsey reportedly earned $96 million from AT&T between 1989 and 1996, including $30 million in 1992 alone.

Alumni News
More CEOs of Fortune 500 companies have been McKinsey alumni than from anywhere else, including Lou Gerstner (IBM, Carlyle Group), Harvey Golub (American Express, Campbell Soup), and Michael Jordan (Westinghouse). Louisiana governor and Republican in a hurry Bobby Jindal? He’s McKinsey, too. McKinsey alumna Nancy Killefer is Obama’s “chief performance officer.” The firm has 19,000 alumni around the world.

CEO Training Camp
A 2008 study by USA Today calculated that the odds of a McKinsey employee’s becoming CEO at a public company were the best in the world, at 1 in 690.

HBS 2 Plus 2 program sends out 200+ interview invites: my guess 230

Tuesday, July 21st, 2009

 HBS 2 PLUS 2 SENDS OUT 200+ INVITATIONS, [SOURCE http://twitter.com/HBS2plus2 ]

–SORTA SAME AS LAST YEAR (HBS 2 PLUS 2 INTER. TOTALS FOR LAST YEAR NOT AN OFFICIAL STAT BUT ONE I HAVE DEDUCED FR. MY OWN RECORDS AND FEEL STRONGLY ABOUT) , AND AS THEY HAVE NOTED, THEY ALSO  PLAN TO KEEP PROGRAM ADMITS AT 106 OR SO (SAME AS LAST YEAR) SO THIS CONFIRMS TO

INVITE/ACCEPTANCE RATIO OF ~50 PERCENT, IN LINE (WELL A BIT BELOW)  STANDARD HBS PRACTICE.  MY GUESS IS ACTUAL INVITE NUMBER WAS SORTA 230 GIVING A LESS THAN 50 PCT ACCEPT RATIO IF THEY KEEP TO 106 ACCEPTS, BUT THEY COULD UP ACCEPTS TO 115 OR SO, IN LINE W. GROWING CLASS SIZE. 

FYI,  NORMAL HBS INTERVIEW ACCEPT RATION IN REG MBA PROGRAM IS  1800/1000 ratio.  BUT THAT MIGHT HAVE CHANGED THIS PAST YEAR SINCE THEY TOOK MORE KIDS AND MAY HAVE INTERVIEW ED MORE (WE AWAIT HRH’S DISCLOSURES ON THIS)

we do HBS interview prep by the way, see

http://hbsguru.com/prices.html#4 

 

BELOW TWEET FROM 2 PLUS 2 PROGRAM

http://twitter.com/HBS2plus2

Check your email today — We’ve released decisions and sent out 200+ interview invitations.

Adcoms focus on hire-ability of admits, fear career changers, and have career commisars on adcoms

Friday, July 10th, 2009
ADCOMS FOCUS ON HIRE-ABILITY OF ADMITS; W. JOB COMMISARS ON ADCOM COMMITTEES

Sandy,
What’s your take on how heavily adcoms are weighting immediate post-grad employability in the admissions process?  BusinessWeek posted an article yesterday that emphasized how schools are now (more than in the past) looking for people who are placeable.  I’m not sure how much this applies to top 5 schools? Here’s the link if you haven’t seen it:
 
http://www.businessweek.com/bschools/content/jul2009/bs2009079_054049.htm?chan=bschools_bschool+index+page_top+stories
 
From the article:
…B-school admissions departments are taking a closer look at how easily candidates will be able to parlay their education into a job come graduation. That means, among others, that they’re seeking out candidates who have developed a workable career plan along with polished interview skills and a killer r�sum�. While admissions officers have always favored these qualities, increasingly�as the job market tightens�they’re demanding them.


thanks, art. is basically correct, for all schools, but sure, more dramatic outside HWS, and also warning about career changers is well made. It does apply deeply to COlumbia, and to some lesser extent to Wharton, which is feeling slow down in finance jobs in a big way and worried. Also notE Dean Light fr. HBS in Crimson yesterday (ABOUT 3 POSTS UP), who said that one hindrance to expanding the HBS class to  11 sections (e.g. 990 kids in 11 sections  vs.  930-40 this year in 10 sections) was fear of placing all those new kids.  I personally think that is smoke, and just a way to play it close to the vest, but it could be an overhang.  
HBS by enforcing lower ages for admits is basically addressing this issue in its own way, by turning out very “hire ready” generically smart kids for IB and MC firms, with or without prior exp,  who are cheaper and willing to do entry IB and MC stuff.  For PE and VC it was always the case that it was nearly imzzble to break into those fields w.out prior ex.

Point in article by Doofus fr. Aspen Institute (you want a Doofus, you call Aspen) about Medical schools not worrying about employability of its grads, so they can be high minded about accepting risky or off-beat types, and B schools should follow suit,  well, DUH, that is what happens when you have a monopoly– and if there were only 106 b schools in USA, each w. about 80 kids, well, they would not be worried either. The artificial MD shortage in USA, thank you AMA, is one reason for high med $$$$ blah blah dont get me started. Aspen would no doubt like to see total “Gov-AMA” type  control of business as well, so the Aspen  folks  could waste jet fuel and create methane pollution at their  exotic conferences to decide what business USA should pursue, and who among their friends should lead them.
Seriously, that was a very revealing remark  by that dude.

HBS youth jihad data

Thursday, July 2nd, 2009

HBS Youth Jihad (grad in last 4 years) percent this year 441/942=46.8 % vs. last year 363/900=40.3%

HBS class entering 2009-yr of grad  HBS class entering in 2008-yr of grad
09=1* 08=9   
08=15 07=9
07=131 06=95
06=294 05=250
05=??????? 04=275

not shown in data hbs provided so far, is really small number of admits in later classes, e.g. anyone grad in 2002, which could be, more non-military, non-MDs and non-PhD’s =close to ZERO!

HBS Youth Jihad increases

Thursday, July 2nd, 2009

This year, total number of kids entering HBS this Sept  who grad. college in  past four years is 441 (out of class of 942.  Last year total number of kids who grad college in past four years was 363 (out of class of 900:

Youth Jihad percent this year 441/942=46.8 % vs. last year 363/900=40.3%

HBS class profile for kids entering this Sept.

Wednesday, July 1st, 2009

Ta-da Her Majesty post class profile for THE HBS CLASS  entering this Sept (aka Class of 2011)

http://www.hbs.edu/mba/profiles/classprofile.html

of most importance

1. THE TOTAL NUMBER OF MATRICS  IS 942 UP FROM 900 LAST YEAR

AND A NUMBER WE PRETTY MUCH DARN PREDICTED ON THE BUTTON AS BEING THE ‘SLIGHT BRIGADE’

2. THE TOTAL NUMBER OF APPS RECEIVED IS 9093–UP FROM 8661 LAST YEAR –AN INCREASE OF 432

OR PRETTY DARN CLOSE TO 5 PERCENT–AFTER THE SMOKE CLEARS AND WILD PREDICTIONS FROM AN INCREASE OF 20 PERCENT TO ZERO SETTLE OUT.

Class of 2011

Admissions
Total MBA Enrollment 942
Applications 9,093
% Admitted 12%
Yield 89%

HISTORICAL DATA BELOW

Enrollment

Class of                   1975  1985   1995   2005    2009         2010
MBA Enrollment 806   793     789    895      901           900
Applications              3,381  5,709 6,321  8,540  7,424      8661

omg!!! The last 2+2 countdown letter

Wednesday, July 1st, 2009
Dear Todd Leer,

Find your Seat.
Find your Future.

The 2+2 application deadline is here! Today, you’ll receive a countdown email every hour between now and 5PM with reminders to submit the application. Only kidding. You’ve received enough reminders and we hope that you’re as excited as we are that the deadline day has finally arrived. Get your applications in by 5PM EST and congratulate yourself on completing the application process. You’ll hear from us again in late July regarding interview invitations, and final decisions will be communicated on September 1.

Sincerely,

MBA Admissions
Harvard Business School
Soldiers Field Road
Dillon House
Boston, MA 02163
Note: If you’ve submitted your 2+2 application and are still receiving these messages, tough,  we send these messages to anyone who is signed up to receive email from our office and cannot stop ourselves, in fact you may get messages in the future just saying how many days, minutes and hours have passed since the deadline. WE LOVE doing stuff like that.


You have received this message because you are currently subscribed to receive electronic communications from our office, including information about deadlines and your application status. If you do not want to receive these communications, there is not a blooming thing in the world you can do about it. Tough!!!!!!!!!!!!!!!!! Just read ‘em and tell all your friends about our great program.