Q: The school's former dean, Kai Peters, recently left RSM to lead U.K. B-school, Ashridge Management College. Mike Page is the new dean for RSM. What's the difference?
A: Mike worked closely with Kai, so the vision for the school is very similar. RSM is international. We see ourselves as a network organization, creating an intellectually stimulating environment. Mike has emphasized that business education is about developing critical thinking and decision-making capacities, and about implementing decisions.
Q: Did application volume change this past year?
A: We saw a decrease of about 20%.
Q: How large will the class be in October, 2004, when new MBAs arrive?
A: We're looking at an intake of 140 to 150 MBAs. Last year, we enrolled 158. This year, the financial cost for the MBA seems to be a major issue for the candidates.
Q: RSM has just forged a loan scheme with ING Bank, allowing new MBAs, regardless of nationality, to borrow money without needing a co-signer. Will some MBAs still come up short?
A: There will be an assessment process by the bank to determine whether or not someone is eligible. If they're eligible, they can borrow up to 100% of tuition.
[Editor's note, Tuition is about $41,000 for the 15-month, full-time MBA program.]
Q: Are you still accepting applicants for the class starting in October?
A: Only for people who are interested in the loan.
Q: What have been the biggest changes at RSM in the past couple of years?
A: Candidates are much more knowledgeable. They know what an MBA is about, the differences among schools, and a lot more about RSM. We try to nurture our ties to these candidates, and make them feel part of the community before they start school. Last year, we started a masters class, a snapshot of what they'll get in a classroom, as part of our information sessions around the world. We also hold organized corporate events for alumni around the world, and invite prospective MBAs to those events.
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