Carey Business School – An Overview
A few weeks ago we had executives from John Hopkins – Carey Business School fly down from the United States to visit us at our Koramangala Center to do a small presentation of what Carey Business School has to offer to our MBA/MS applicants. Check out the presentation on slideshare below:
CAREY BUSINESS SCHOOL
Johns Hopkins as a university is known for the medical school and the hospital, but is also famous for the school of engineering, the school of public health, and now the newest school, Carey Business School. Their curriculum consists of a global MBA, some one-year specialty Master’s degrees, and dual degrees.
Hopkins, founded in 1876, was always a university, America’s oldest research university. Carey Business School is a new school, founded in 2008 as a stand-alone business school. Although before that Johns Hopkins was still in the business education sector, there were just part-time programs that spanned across Washington DC and Baltimore Maryland.
Though a new school, they have a large number of business alumni. The concentration / specialization for the MBA or a one-year Master’s degree include Enterprise Risk Management, Finance, Marketing, Healthcare Management, Real Estate and Infrastructure, Entrepreneurship, and Information Systems. They also offer dual degree programs that are offered through schools either at Hopkins, or other schools in the region.
The Global MBA
This is a traditional 2 year MBA that involves two major experiential learning projects through its timeline. During the first year, international students do something called a Summer Intensive, which is an orientation just for international students followed by an orientation for all students.
During year one, the focus is on all core business and management courses. This course has a class strength of about 40-60 students.
Innovation of Humanity and Discovery to Market are the two experiential learning projects that a student will be looking at. Innovation for Humanity focuses on developing economies and dwells around a social entrepreneurship/social enterprise type of project that has a positive impact on the local community.
Discovery to Market focuses on working with scientists or researchers who have a discovery that is yet to be evolved into a marketable product. The student will play the role of a consultant and come up with a business plan – from the research phase, patent research, all the way through the investment phase – and make a final recommendation.
Master of Science Degree (One Year)
These are specialized and focused Master’s degrees. There are thirty six credits. This program consists of a small number of business foundation courses, irrespective of the concentration that a student chooses.
But for the most part, the focus will be on the functional core such as Marketing, as well as electives, which are sub-areas of the subject that the student is studying. They are spread out between the Washington DC and Baltimore Maryland campuses, and Baltimore Maryland is just fifty miles or so north of Washington DC.
The Dual Degree Programs
You can opt for an MBA/JD, the Juris Doctor, for being an attorney with the Maryland School of Law. You can also opt for an MBA/MD with Hopkins School of medicine. There is also an MBA/MA course in Design Leadership on offer.
Carey Business School currently has 76 full-time faculty under the research and practice discipline. They are complimented by teachers from all the other schools from Hopkins. They have visiting scholars, guest lectures (academic and professional) corporate, senior professional instructors (folks that are actually out there working in the corporate world, for the government, or for an NGO).
They maintain an office in the school, and they bring their special perspective from whatever industry they are in to the students and to the school.
Career Development office
They begin working with the student from the time he/she accepts the admission offer. They will reach out to the students and assign to them a career coach, particularly, for the Global MBA, and start working with them, getting an idea of what is that next step you need to make in your career when you graduate.
During school, there will always be workshops, and boot camps. The Career Development Office will provide you with opportunities to sharpen your interview skills and to sharpen your resume before heading out to the outside world.
The other half of Career Development is involved in corporate relations. They maintain/create new relationships with the various companies that have hired Carey Business School students as interns or employees.
Carey Business School hosts info sessions where job prospects from all over the world are presented. They have companies that come from all kinds of functions making their placement chances very versatile.
Application Process: Online Applications Only
No. of Essays: 1
Statement of Purpose: Not required but resume is mandatory
Competitive exam to take: GRE or GMAT for MBA/MS
Recommendation Letters: Minimum 1
Transcripts from Bachelors degree: Mandatory
They also offer merit scholarships. Everyone who applies is eligible. There is no separate application. When you apply, they are also considering you for the scholarships that range from about $10,000 all the way up to full scholarships in exceptional cases. The same footing for international and domestic applicants applies. The letter of admission mentions the amount of scholarship an applicant receives.
Check out the presentation below!
1. What is the average GMAT score required to get an admit?
It depends on the program. For example, for the global MBA it is about a 650, for the master of finance it’s a 700, and the rest range close to 650.
2. Does Carey Business School currently have Indian students pursuing Master’s of Marketing?
Currently Carey Business School has 2 Indian students out of 120 students. For certain programs like Master’s in Marketing, Real Estate, and Healthcare, they actively look to admit students from other regions to participate. Hence, scholarship options will be plenty.
3. What is the class size of an MBA program?
They have a class of 100 students at present and are looking to increase their class size actively from next year.
4. What is the mix of students? What different industries are they from?
Carey Business School has students from practically every background. There are students that come from a typical business background. They have students coming from engineering, IT, the medical field, politics, and the arts. They don’t focus towards a particular background as a prerequisite for the MBA.
It can be any field, as long as the work experience for the MBA is present. No work experience is required for a Master’s program. The only mandatory requirement is an undergraduate GPA performance and the GMAT/GRE.
5. How much work experience do you recommend for the MBA?
The preferred minimum is 2 years for a Carey Business School admit. The average is five. In rare cases students are given an admit with little to no experience, but that requires a pre-requisite of a high GMAT score along with a close to perfect GPA with a lot of professional experience such as work with an NGO, etc., that could replace professional work experience.
6. What are the experiential projects like at Carey? Are they in-house projects or real-time projects?
It’s a real-time, outside-of-the-school project. In the case of Innovation for Humanity, the students start in the first semester and they’re taught how to do this type of consulting. At the same time, they’re put in a group with other students and assigned a client somewhere in a developing economy and they start working remotely with that client while they’re being classed.
During semester breaks they actually go to that place and work one-on-one as consultants for that client. Besides working on projects, they have no connection to the school. So it’s not a made up project. The second project is science based. Clients have a science based discovery, a patent, or an invention, that needs to be developed into a marketable product.
7. What are the specific details looked for in the application essays?
The topic asks for an instance where you built something. It’s the time when you took the initiative and the leadership to create either a process or a new entity. This is an instance where you saw a need for something, you came up with an idea to fulfill that need, and you took it all the way through to the end.
What they’re really looking for is examples of taking initiative and showing leadership, and being able to manage a complex project.Also, they look for good writing, proper grammar, and proper spelling. When you have negative things in your background, such as a low GPA, address it and explain why it happened in the optional essay.
They also let people do a video essay, so a lot of people have taken advantage of that to give a better idea of their background, what they are looking for, and what they are trying to get out of the MBA.
8. What are the TOEFL and IELTS cut-off scores?
TOEFL: 100, IELTS: 7
9. Is the TOEFL/IELTS mandatory? Can it be waived off?
It is mandatory. It cannot be waived off.
10. Can you give us some information about the 3-year and 4-year undergrad courses?
For the three-year degree, WES will evaluate an Indian three-year degree as being equivalent to a bachelor’s degree. If you meet the two criteria—you’re school is rated ‘A’ or better by NAAC, and you graduated in division one or with distinction above division one—their policy is to say your degree is equivalent to a four-year bachelor’s degree.
If you don’t, unfortunately you cannot be admitted without having perhaps having a post-graduate program or one of those one-year programs to give you that fourth year of post high school education.
11. Are there a lot of cases where students make a career shift to Healthcare Management?
Yes, there are students who have done that. At least 50% of the students are making major career changes, and Healthcare Management is one they’ve been pursuing.
12. What is the cost of living?
Most graduate schools in the US do not have housing for students. All students usually live quite close to either of the campuses, because there is a shuttle that goes back and forth. The school has a lot of online resources to help you find places to live.
We set up a Facebook page for the incoming class so that they can connect with each other to find roommates and connect with the previous class to get advice and recommendations.
13. What functional areas do students wind up working in post their MBA?
By a slight majority they wind up in consulting—IT, healthcare, and general management consulting. Second is Healthcare Management. Third is the category, ‘other’. This is the big mix of all the different industries you can imagine. Fourth is IT.
14. How is the Indian undergrad GPA score evaluated when compared to US standards?
The credential evaluation system knows the nuances of all the schools in India, and they put the grade scale on a US perspective.
15. What do job recruiters prefer between an MS and an MBA?
It varies based on the type of job. Sometimes recruiters say they want an MBA student with a concentration in a certain area, but it can also be opened up to MS students that have a degree in that same area. At least in the US, the MBA has a longer shelf-life and more recognition, so to say.
It is a generalist degree—you’re getting marketing, finance, operations, HR—you’re getting so much at once, that when you move up the ladder, you tend to already have had some exposure to the basic elements.
Whereas, if you have an MS in finance, that’s great when you’re an analyst, but ten or fifteen years later when you’re looking for something else you might need a different skills set. An MS degree is easier to get into, because they don’t require work experience. But the job you get coming out is not the same as that of the MBA student.
Has that got you interested? Check out snapshots of other popular B-schools as well!
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