harvard business school marketing
Harvard's endowment lost $350 million in the Sowood blow-up. The amount is a small dent in Harvard's well-endowed $29 billion coffers (why did we need to pay $40k/year to go there again?) but comes from one of Harvard's own.
Sowood was founded by Jeffrey Larson, former manager of Harvard's foreign investments. Larson helped Harvard become the well-hung giant it is today, and Harvard returned the favor by investing with Sowood. The 'Vard netted three years of gains before taking a $350 million bath.
Some argue that making crappy investment choices like Sowood underscores the fact that Harvard fund managers are overpaid. Larson, for instance, raked in $17 million in 2003, when the endowment returned just over 10%.
Believe it or not, there are a bunch of prominent businesspeople who did not go to Harvard. Some of these people were even rejected, according to the most recent feature in
We kid, of course. Some of our best friends are in b-school! (But only because their parents told them they had to get a graduate degree, and law school’s just so insufferably long.) Regardless of its merits, there's good news: you might actually make some money out of this racket!
Competition for MBAs from banks such as New York-based Citigroup Inc. and Goldman Sachs Group Inc. may push starting- pay packages above last year, when graduates averaged a record $186,174 in total compensation at Harvard Business School and $183,000 at Stanford University's Graduate School of Business.
``I see the demand just going through the roof for this kind of talent,'' said Paul Danos, dean of Dartmouth's Tuck school in Hanover, New Hampshire. His MBA program ranks ninth in the world, according to the Financial Times 2007 ratings.
Recruiting grew so intense at the University of Pennsylvania's Wharton School that some companies were holding 10 to 15 events each over two months, said Michelle Antonio, director of the career management office.
And if they’re not exactly banging down your door, you can still bank on your degree making you and your bride-to-be a practical shoo-in for one of those highly coveted wedding announcement in
The price tag on Harvard’s 2005-2006 spasm of outraged feminism just got a little bit bigger. The Wall Street Journal reports today that Harvard has lost upwards of $390 million in donations since ousting former president Larry Summers. Even to Harvard that’s a big number, amounting to two-thirds of the total funds raised in 2005.
Summers, who served as Treasury Secretary in the Clinton Administration, resigned Harvard's presidency under fire from faculty members upset at his comments on women in science and his clashes with some prominent professors. Among those who have cancelled or reduced their contributions are Oracle’s Larry Ellison, real-estate and newspaper mogul Mort Zuckerman, banker David Rockefeller and Pequot Capital’s Byron Wien.