Saïd Business School at the University of Oxford
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Saïd Business School at the University of Oxford About This Guide The Clear Admit team has prepared this reference guide to the Saïd Business School at Oxford University (“SBS,” “Saïd” or “Oxford”) to assist you in your research of this program. Our comments are designed to be of use to individuals in all stages of the admissions process, providing information rel- evant to those who are determining whether to apply to this program, looking for in-depth information for a planned appli- cation to Saïd, preparing for an interview or deciding whether to attend. The guide is unique in that it not only addresses many aspects of life as a Saïd MBA student and alumnus, covering school- specific programs in depth, but also compares Saïd to other leading business schools across a range of criteria based on data from the schools, the scholarly and popular presses, and Clear Admit’s conversations with current MBA students, alum- ni, faculty and school administrators. We have normalized the data offered by each business school to allow for easy side- by-side comparisons of multiple programs. www.clearadmit.com © 2006-2015 Clear Admit, LLC. All rights reserved. Applying to business school? Learn more from Clear Admit! The Leading Independent Resource for Top-tier MBA Candidates Visit our website: www.clearadmit.com Stay up-to-date with the latest news on the world’s best business schools and sharpen your approach to your applications with insider advice on MBA admissions Want this information--and more exclusive content--delivered straight to your inbox? Sign up for our Newsletter Check out our unique offerings to guide you through every step of the admissions process... Publications Live Wire Interview Archive From a school’s curriculum Track the ebb and flow of Receive an invitation for an to universal admissions decisions with interview? We have col- b-school Live Wire: application re- lected thousands of in- strategy, sults in real time, submitted terview reports from MBA each of our by site visitors. candidates. Sort reports by publica- school and know what to tions series expect in your admissions provide a interview. centralized source of informa- tion that is crucial to an effective application. ...and come find us on social media Table of Contents | v Applying to business school? Learn more from Clear Admit! Contents 1 Introduction to SBS 1 Program Highlights . 1 Brief History of the MBA . 1 SBS History . .3 Student Demographics . .4 2 Academics 6 Academic Calendar . 6 Orientation . 7 Student Body . 8 Teaching Methods . .8 Visit our website: www.clearadmit.com Core Curriculum . 9 Electives . .9 Stay up-to-date with the latest news on the world’s best business schools Curriculum Comparison . 10 and sharpen your approach to your applications with insider advice on MBA admissions Grading System . 10 Want this information--and more exclusive content--delivered straight to your inbox? Faculty . 11 Sign up for our Newsletter 3 Special Programs 13 Experiential Learning Projects . 13 Entrepreneurship Project . 13 Strategic Consulting Project . 13 Student Treks . 14 4 Life at SBS 16 Campus Spaces . 16 Life in Oxford . 16 Housing . 19 Clubs . 20 Conferences . 21 5 Life After SBS 23 Careers Service . 23 Recruiting/Interview Procedures . 24 Career Statistics . 24 www.clearadmit.com © 2006-2015 Clear Admit, LLC. All rights reserved. vi | Table of Contents Industry . 25 Geography . 25 The U.K. Work Visa . 28 Alumni Network . 28 6 Admissions 30 Visiting SBS . 30 Outreach Events . 30 Application Requirements . 30 Interviewing at SBS . 31 Deadlines . 32 Other MBA Programs . 32 7 Financing the SBS MBA 34 Tuition & Expenses . 34 Financial Aid . 34 8 Appendix 36 Essay Topic Analysis . 36 Admissions Director Q&A . 38 9 Further Resources 42 Publications. 42 SBS Research Centers & Institutes . 42 Contact Information . 43 Social Media. 43 www.clearadmit.com © 2006-2015 Clear Admit, LLC. All rights reserved. Table of Contents | vii www.clearadmit.com © 2006-2015 Clear Admit, LLC. All rights reserved. Introduction | 1 Introduction to SBS 1 Program Highlights Oxford University Connection – The Saïd Business School is affiliated with one of the oldest and most prestigious universi- ties in the world. In addition to enjoying the international rec- ognition of the Oxford brand after graduating, MBA students can take advantage of the distinguished university’s world- class academic culture. Academic and Practical Approach – The rigorous academic tradition for which Oxford University is known exists at SBS with a number of experiential learning opportunities. About 20 percent of each course can consist of practical assignments, thereby tempering the university’s traditionally theoretical approach to education with exposure to real-world business problems. Additionally, SBS students can complete two ex- periential projects during the one-year program, the required Entrepreneurship Project and the optional Strategic Consulting Project, as well as participating in the Oxford Venture Fund and other activities that give them practice in real-world busi- ness situations. Accelerated Program – The Oxford MBA is designed to be completed in about 12 months, which allows students to re- turn to the workforce nearly a whole year earlier than most top MBA programs in Europe and the United States. The shorter length of the Oxford MBA also makes it a less expen- sive option than longer programs, since students pay for just one year of business education, not two. Brief History of the MBA Originally conceived as an extra year of undergraduate train- ing in finance, economics and accounting, business schools shifted around the start of the 20th century to begin offering managerial training for the U.S.’s new industrialized compa- nies (see Figure 1.1). Their prestige grew throughout the Great Depression of the 1930s, when the research and train- ing generated by business schools was seen as a key to the country’s economic recovery. The unprecedented managerial needs of World War II further increased the demand for for- mal business education, and after the war, U.S. veterans used their G.I. Bill funding to finance their business studies and move into management jobs. By the 1950s, the MBA was a two-year, post-graduate pro- gram that turned business into a professional discipline on par www.clearadmit.com © 2006-2015 Clear Admit, LLC. All rights reserved. 2 | Clear Admit School Guide: Saïd Business School at the University of Oxford Figure 1.1 Notable Developments in MBA History MBA Degree Said Business School • Business schools are established in the U.S. to 1880s train managers for the new industrialized world, especially the railroad industry. • Academic focus is on accounting and book-keeping and most professors are professionals in these fields. 1900s • Association of Collegiate Schools of Business is 1910s founded in 1916 to provide resources for the grow- ing number of U.S. business schools, which by 1919 enroll over 36,000 students. • On-campus recruiting by industry rises. 1920s • Curricula begin to include policy issues. • The research and training conducted by business 1930s schools during the Great Depression is popularly seen as a key to the U.S.’s economic revival, sig- nificantly raising public opinion of business schools. • WWII sharply increases demand for trained man- 1940s agers and WWII veterans return to U.S. business schools in droves. • Most professors now hold Ph.D.s in business and 1950s • Oxford Centre for Management Studies (OCMS) is academic research begins to form the basis of established in 1965. business school curricula. • Strategic decision making and quantitative and statistical analyses become the focus of many cur- ricula. • INSEAD is founded. 1960s • London Business School opens. • MBA starting salaries rise 5-10% per year at some 1970s schools, even during stagflation. • Entrepreneurship enters most curricula. • INSEAD establishes Asian Business Program. 1980s • Business schools focus on leadership, ethics and 1990s • OCMS is renamed Templeton College in 1983. interpersonal skills, altering course content and in- • Oxford University School of Management Studies creasing classroom emphasis on working in teams. takes over business education at the university. • School of Management Studies is renamed Saïd Business School in 1996. • Professor Colin Mayer is appointed dean. • High profile corporate scandals prompt call for 2000s • SBS moves into its current building on Park End St. greater ethics education in business schools. in 2001. • INSEAD’s Singapore campus opens. • By 2004, 447,000 students are enrolled in U.S. business programs. 2010s • Professor Peter Tufano assumes the deanship in July 2011. • New building and conferencing facilities opened in 2013. www.clearadmit.com © 2006-2015 Clear Admit, LLC. All rights reserved. Introduction | 3 with medicine and law, and the degree was seen as a ticket to a better, more secure career. The MBA continued increas- ing in popularity, from 21,000 business management master’s degrees awarded in the 1969-1970 academic year to 139,000 in 2003-2004. This rise came in conjunction with a growing demand for MBA graduates in the workplace and with rising starting salaries for those graduating from top schools. Since the early days of the MBA, there have been conflicts over the purpose of a business education. Initially, tension between a classical education in economics and more “practi- cal” training in business dominated the debate, and in some ways this remains the central conflict. Today, the tension be- tween theory and practice has increasingly taken center stage, as business school professors have become more academic and employers demand broader skill sets from MBA graduates. Most business schools, however, have designed programs that offer students exposure to both theory and practice – intern- ships, fieldwork and school-based consulting programs are widespread. The increase in average full-time work experi- ence among entering MBA students, as well as the growth in Executive MBA programs, ensures that classroom theories are continually tested against real world experiences.