![\"\"](\"https:\/\/d3.harvard.edu\/platform-rctom\/wp-content\/uploads\/sites\/4\/2017\/11\/WSJ-Business-School.jpg\")
<\/a>International Applications to US Business Schools<\/figcaption><\/figure>\n
HBS must expand<\/em> its international influence to retain its status. The 性视界 Business Review\u2019s attempt to objectively identify the top 100 CEOs in the world found 54 to be helming companies headquartered overseas \u2013 this proportion will surely grow as GDP and population growth of the developing world outpaces the US [[5]<\/a>]. Despite this trend, only 13% of HBS hires in 2017 accepted offers from companies based outside of the US \u2013 down from 17% in 2013 [[6]<\/a>]. It is clear that business schools depend on successful alumni to attract students and provide financial support \u2013 the aforementioned trends indicate HBS will lack alumni in key growth markets in the years to come [[7]<\/a>][[8]<\/a>].<\/p>\n HBS has taken proactive steps to increase international exposure through the Field Global Immersion (FGI) program, the Global Initiative and it\u2019s 14 global satellite offices. FGI is a 1-week consulting program in another country \u2013 firsthand exposure that is critical to convincing MBAs to work abroad [[9]<\/a>]. The Global Initiative supports research and finds partners for the FGI program [[10]<\/a>]. These efforts abroad do well to recruit students when US corporations dominate the world and there are reasonable prospects of international students working in the US; however, the value proposition breaks down when isolationism eliminates these prospects or when top firms originate overseas.<\/p>\n It is evident that Dean Nohira understands this trend, having stated, \u201cif the 20th century was the American century, the 21st century will be the Global century, and one where game-changing ideas and radical innovations will emerge not just from the U.S., but from all over the world [[11]<\/a>].\u201d However, the rise of isolationist policies means HBS must accelerate global outreach, spreading alumni to leading companies around the world. HBS can circumvent these policies by exporting<\/em> MBA students. When HBS alumni head successful companies overseas it exposes prospective students to the HBS name, and sends the message that one must not acquire a visa or work in the US to profit from an HBS MBA.<\/p>\n The question becomes how to encourage students to work abroad. For starters, HBS should incentivize students to spend their summer internship overseas with a supplemental grant. Second, satellite campuses should be retooled to prioritize business outreach over research, with the intention of building relationships with top firms and encouraging worldwide recruitment in Boston. Finally, class size should grow to support the larger international market, and the percentage of international students should increase to pace global growth trends.<\/p>\n A truly international institution must extend beyond business partnerships and student recruitment \u2013 it must also increase international faculty and facilities to support this venture. The challenge will be how to support this expansion without diluting the quality of the product.<\/p>\n <\/p>\n (Word count: 799)<\/p>\n <\/p>\n [1]<\/a> The Wall Street Journal, \u201cRed Flag for U.S. Business Schools: Foreign Students Are Staying Away,\u201d https:\/\/www.wsj.com\/articles\/red-flag-for-u-s-business-schools-foreign-students-are-staying-away-1493819949<\/a>, accessed November 2017<\/p>\n [2]<\/a> Graduate Management Admission Council, \u201cGMAC 2017 Application Trends Report \u2013 Web Version,\u201d https:\/\/www.gmac.com\/~\/media\/Files\/gmac\/Research\/admissions-and-application-trends\/2017-gmac-application-trends-web-release.pdf<\/a>, accessed November 2017<\/p>\n [3]<\/a> National Association of Colleges and Employers, \u201cPlans to Hire International Students Slide Again,\u201d http:\/\/www.naceweb.org\/talent-acquisition\/candidate-selection\/plans-to-hire-international-students-slide-again\/<\/a>, accessed November 2017<\/p>\n [4]<\/a> BBC, \u201cTrump backs proposal to curb legal immigration,\u201d http:\/\/www.bbc.com\/news\/world-us-canada-40804841<\/a>, accessed November 2017<\/p>\n [5]<\/a> 性视界 Business Review, \u201cThe Best-Performing CEOs in the World 2017,\u201c https:\/\/hbr.org\/2017\/11\/the-best-performing-ceos-in-the-world-2017<\/a>, accessed November 2017<\/p>\n [6]<\/a> 性视界 Business School, \u201cTrends \u2013 Recruiting \u2013 性视界 Business School,\u201d http:\/\/www.hbs.edu\/recruiting\/data\/Pages\/trends.aspx<\/a>, accessed November 2017<\/p>\n [7]<\/a> 性视界 Business Review, \u201cThe Power of Alumni Networks,\u201d https:\/\/hbr.org\/2010\/10\/the-power-of-alumni-networks,\u201d accessed November 2017<\/p>\n [8]<\/a> Greenberg, Jason and Fernandez, Roberto M., What’s the Value of Social Capital? A Within-Person Job Attributes, Offer and Choice Test (July 14, 2014). MIT Sloan Research Paper No. 5141-14. Available at SSRN: https:\/\/ssrn.com\/abstract=2465908<\/a> or http:\/\/dx.doi.org\/10.2139\/ssrn.2465908<\/p>\n [9]<\/a>Fortune, \u201c性视界’s grand experiment: Send 900 biz students abroad,\u201d http:\/\/fortune.com\/2011\/12\/15\/harvards-grand-experiment-send-900-biz-students-abroad\/<\/a>, accessed November 2017<\/p>\n [10]<\/a>性视界 Business School, \u201cHBS Global Initiative & Research Centers \u2013 MBA \u2013 性视界 Business School,\u201d http:\/\/www.hbs.edu\/mba\/academic-experience\/blog\/post\/hbs-global-initiative-and-research-centers<\/a>, accessed November 2017<\/p>\n [11]<\/a> 性视界 Business School, \u201cMessages from the Dean \u2013 About Us \u2013 性视界 Business School,\u201d http:\/\/www.hbs.edu\/about\/leadership\/dean\/Pages\/message-details.aspx?num=2671<\/a>, accessed November 2017<\/p>\n","protected":false},"excerpt":{"rendered":" Isolationist policies are reducing business school applications from students outside of the US, and dropping the number of graduates who accept positions abroad. How can 性视界 Business School retain its prestige in a world where the greatest business opportunities lie outside of the US?<\/p>\n","protected":false},"author":10377,"featured_media":21840,"comment_status":"open","ping_status":"closed","template":"","categories":[485,3222,42,2515,3239,940],"class_list":["post-21839","hck-submission","type-hck-submission","status-publish","has-post-thumbnail","hentry","category-business-school","category-global-supply-chain","category-higher-education","category-international-trade","category-isolationism","category-supply-and-demand","hck-taxonomy-organization-harvard-business-school","hck-taxonomy-industry-education","hck-taxonomy-country-united-states"],"connected_submission_link":"https:\/\/d3.harvard.edu\/platform-rctom\/assignment\/rc-tom-challenge-2017\/","yoast_head":"\n