Best MBA program in USA

If you seek a dynamic, world-class education in a richly diverse and unique environment, Rensselaer's Lally School of Management & Technology may just be the right place for you! Everyone at the Lally School, students and faculty alike, thrives on innovation. Innovation, creativity, and an entrepreneurial spirit are key ingredients in the making of the numerous success stories associated with our school.

Our Bachelor of Science in Management program features several concentration areas including:

• Financial Systems.
• Management of Information Systems.
• Technological Entrepreneurship.
• Marketing Systems.
• Law.

Our educational approach also integrates the humanistic, qualitative, and creative aspects of managing in today's global economy. Armed with your business knowledge and a creative thought process, your business decisions will draw inspiration from multiple sources such as psychology, popular culture, current events, and emerging global trends.

Equipped with the skills and experiences our program offers, you'll be able to assess your interests and pursue various career options in a wide range of industries and leading companies such as Microsoft, Google, and Accenture. Pursuing an undergraduate education at Rensselaer's Lally School of Management & Technology will broaden, if not alter your view of the world and the role technology plays in its evolution.

The Rensselaer community is passionate about using science and technology to make a difference, not just for today, but for generations to come; not just in our local communities but in the world at large! Our students are the minds, hands, and hearts moved by the same passion to turn creative ideas into innovative and valuable business realities.

As a student of the Lally School, you will be driven by innovation, insatiable curiosity, and ambition, qualities that go much beyond the economic; they encompass a deep-rooted desire to make a difference, to change the world.

How can you change the world?

You can start by letting us change your world. We offer a unique learning experience that opens doors to seemingly endless possibilities for your future career. Once at Lally, you will thrive by simply engaging with everything we offer:
Access to broad, globally aware business research with a strong technology focus.
Practical classroom experience effectively blending theoretical instruction with hands-on execution.
Creative and innovative thinking that will prepare you to learn, grow, adapt and lead with dexterity through unknown business challenges.
As part of our community, your affinity for technology and your desire to transform it into viable business endeavors will be infused with the knowledge and perspective needed by tomorrow's new breed of leaders. Ambitious, entrepreneurial, and self-confident, this type of leader is as revolutionary as today's technology driven economy. Technology will continue to shape the world. How will you prepare to play your part?

Brief Overview of Lally’s Undergraduate Program

Rensselaer's Lally School of Management & Technology offers a unique plan of study for our Bachelor of Science in Management program. The program features a rich and exceptional learning experience balancing an integrated combination of core courses in management, technology, and the humanities. Our driving goal is to effectively help students to:

• Prepare for professional careers in technology-driven organizations
• Develop analytical, information technology, and management systems skills
• Adapt to the rapid changes driving our technology-based, global economy
• Demonstrate sound understanding of core management practices
• Gain additional business knowledge in a specialized functional area
• Apply management knowledge and creativity in solving business problems
• Adopt the highest standards of ethics in personal and business affairs

If pursuing your professional dreams includes combining your knack for science and technology with practical, tried-and-true business leadership skills, then Rensselaer's Lally School of Management & Technology may just be the right school for you! The next step is easy: apply for admission. Please check out Rensselaer's Office of Admissions to find out the details about our admission process, and to apply. For more information on the Lally School go to: http://lallyschool.rpi.edu/

If you feel that what we're offering is in line with your future goals, why not plan a campus visit? Campus visits and Information Sessions are a wonderful way to learn about Rensselaer and the Lally School of Management & Technology.

1. How Can I Learn if Lally is Right for Me?

Come visit our campus!

We welcome the opportunity to host you at our beautiful campus in Troy, New York!  The small-town environment is near some of the country’s most amazing attractions--the Adirondack Mountains sit only 30 miles north and offer a wide variety of outdoor activities, and New York City is only a two-hour train ride down the scenic Hudson River.  We are also within driving distance of Boston and Montreal.
We offer a wide range of opportunities for you to see the campus and learn more about Lally, including class visits, campus tours, open houses, and a host of interesting speakers and exciting events. To Learn More: Representatives from the Lally School are available to consult with you regarding your interest in the MBA Program, and to help you learn more about the application process. 
Please contact us at lallymba@rpi.edu, or 518.276.6565.

2. Where do I apply?

You can fill out the application here: http://admissions.rpi.edu/graduate/apply_now.html
With this, you must provide 2 essays and your CV (resume) and supply the contact information for 2 recommenders (faculty preferred, but supervisors will also be accepted). Once you have submitted the application, you must request official transcripts proving your Bachelor’s degree that must be sent from the college to RPI:  Graduate Admissions, Rensselaer Polytechnic Institute, 110 8th Street, Troy, NY  12180
   
3. What are the Requirements?

• MBA Application
• 2 Essays
• GMAT scores*
• Undergraduate Transcripts
• 2 letters of recommendation from professors and employers
• TOEFL scores for International applicants (2757)
• An interview with Lally MBA Admissions

 4. What is the deadline for fall 2010 application?
June 15th

 5. Does Lally require the GMAT?

We will accept the GMAT or GRE. Please do not send us an email asking if you will be admitted based on your scores. We strive to compile a diverse group of individuals with a range of scores. If we feel you should retake the test, we will notify you and put you on a waitlist until the new score is received. You can find out where to take the GMAT here: http://www.mba.com/mba.

 6. Who is required to take the TOEFL?

It is a requirement of all students who do not have a U.S. Bachelor’s degree. Exceptions are made to students from Australia, Canada and the U.K.

 7. What are the tuition and fees?

Fees and tuition costs can be found here: http://admissions.rpi.edu/graduate/cost_of_attendance.html.

 8. Does Lally offer scholarships?

We offer financial aid (scholarship) for a portion of the full-time MBA tuition based on merit, but it does not include additional aid for housing, books, fees and living expenses.
We also have fellowships for full-time MBA students. One is for students whose emphasis is in manufacturing.  The Herman Fellowship is for domestic women with an interest in entrpeneurship.
We support veterans through the Yellow Ribbon program and the GI Bill.
Our largest full-time MBA scholarship is through the Lally Innovation Competition: http://lallymbacompetition.com.

 9. What is the difference between an MS degree and an MBA?

The MS programs are one year (30 credits), and are designed to enhance your learning in a specific area of knowledge.  We offer three MS options: 
1.Technology Commercialization and Entrepreneurship
2.Financial Engineering and Risk Analytics
3.General Management with the option of focusing in a functional area, e.g., operations.  
At this time there is no financial aid available for MS students.
All of these options to specialize are also available in the MBA program. The MBA program offers a broader education in business fundamentals, in addition to a specific focus, allowing for a diverse and comprehensive educational program. A variety of student services are available to our MBA students, and, as a result of their degree from the Lally School, possess exceptional career potential. The full-time MBA program offers a variety of funding mechanisms including financial aid based on merit, privately funded scholarships, and an opportunity to compete for a scholarship through the Lally Innovation Competition.

10. What is the difference between the MBA program, Evening MBA and Executive MBA program?

The Executive MBA is a 17-month, 48-credit program for working professionals who are currently in an executive position. Classes are taught all day on Friday and Saturday only every other week. Limited financial aid is available for the EMBA.
The Evening MBA program is designed for working professionals. This is a 51-credit program that can be completed on a part-time basis in 2-4 years. There is no financial aid available for part-time students.
The Full-time MBA program is 51 credits, with the flexibility to customize around your career goals. This program can be completed in as little one calendar year. Financial aid is available.

  11. Who can I contact to get more information?

Gabriela Sheehan, Assistant Director of MBA/MS Admissions: 518.276.6496 / sheehg3@rpi.edu.
Laureen Beach, Program Director, Executive MBA: 518.276. 3679 / beachl@rpi.edu.

lally school of management
The Severino Center for Technological Entrepreneurship (SCTE) at the Lally School has created a multi-disciplinary summer program to help student entrepreneurs’ move forward with their business concepts focused on market needs. The program will run from June 7 – August 13 in downtown Troy. Applications for summer 2010 are now available and must be submitted by April 30.

The new 10-week summer program, called “Student Sandbox,” will be open to any RPI student with a business or who wants to join a startup team. The program is designed to provide emerging entrepreneurs with an opportunity to focus on how to take an idea from creation to commercialization. This hands-on course will utilize lectures, interactive group sessions and individualized coaching, and will cover topics such as how to vet an idea, how to get funding, components of a successful business plan, the Start-Up lexicon, and how to develop an effective short presentation.  Students will work in teams of 4-6 people and at the end of the session, each team will present a short business plan focusing on how to bring the product to market. 

Participating student teams will receive a stipend to support development of their businesses. 
Student Sandbox Program Details
Date: June 7 through August 13, 2010
Location: Downtown Troy
Attendees: Open to any RPI student with a business or who wants to team on a startup
Purpose: This 10-week summer program is designed to provide the budding entrepreneur an opportunity to focus how to take an idea from creation to commercialization. This is a hands-on course that utilizes weekly lectures, interactive group sessions and individualized coaching to continue the development of your business idea.

During the 10 weeks the program will cover a wide range of topics including how to vet an idea, where do I get funding, what do I need to include in my business plan, the Start-Up lexicon (terminology you need to know and understand), how to develop an effective 10 slide presentation and more.
Student companies will be arranged in teams of 4 to 6. They’ll work together as a team in a collaborative environment with other teams. They’ll get to share experiences with others to learn how to solve every day business problems.

At the end of the session the students will be expected to present a 15 minute presentation to the class of a business plan with an emphasis on how it will take to bring the product to market. Students should be prepared to work hard, have fun and learn what its like to be an entrepreneur!
About The Severino Center for Technological Entrepreneurship at Rensselaer’s Lally School of Management & Technology 

Established in 1988, the Paul J. ’69 and Kathleen M. Severino Center for Technological Entrepreneurship (SCTE) helps foster new generations of budding and successful entrepreneurs through outreach programs, education and research.  Centered in Rensselaer’s Lally School of Management & Technology, The Severino Center lies at the core of Lally’s commitment to Entrepreneurship.  The mission of the SCTE is to integrate educational and research programs by exposing every Rensselaer student to the practices and principles of entrepreneurship, to infuse the fundamentals of entrepreneurship throughout the Rensselaer curriculum, and to extend Rensselaer’s leadership and national prominence in technological entrepreneurship.

For more information on the Lally School, the programs offered, The Servino Center, as well as other schools of excellence, please visit: http://www.lallyschool.rpi.edu/

Upon arriving in Manhattan, the Lally MBA student’s first stop was the Goldman Sachs’ new headquarters, adjacent to the World Trade Center site. The Lally students spent their morning with Kenneth J. Dupuis ’99 of Goldman Sachs. Dupuis talked with the MBA students about his career at Goldman and the history of the firm. He also shared career tips and interview suggestions, discussed “how to sell yourself,” and strategies to use resumes and social networking to succeed in the job search process.

At lunch and throughout the day, the Lally MBA students were joined by a number of other alumni hosts, including Sara Stylinski ’09, Business Analyst at Bank of America; Reed Kipp ’09, Analyst at Ernst & Young; Mike Weiner ’89 MS ‘91 Director of Engineering Recruiting and Training at FactSet Research Systems, and Mary Jo Sorentino ‘08 Actuary at Chartis Insurance. During lunch, the alums talked informally with small groups of Lally’s MBA students about the pros and cons of different careers, life in New York as a new employee, how to prepare for the transition to a career, and also personal job hunt and interviewing tips.

After lunch, the Lally students broke into groups for corporate visits according to their area of interest. Lally Professor Jeff Durgee accompanied a group to midtown to visit Richy Glassberg ’85 Executive VP Media Sales Group at TV Guide to learn about Careers in Media. Another group of Lally MBA students stayed at Goldman Sachs to learn more about finance, and got to visit Goldman’s trading floor. Other groups went to Bank of America with Sara Stylinski, Ernst & Young with Reed Kipp, and with Beth Macey to visit the trading floor of the New York Stock Exchange.

Alexander Bringsjord ’11 commented on his experience: “I was one of the three MBA students who met with Reed Kipp from Ernst & Young. It was very refreshing to be able to meet with someone who was right out of RPI and had only been working in finance-related fields for about a year. It was great to make a connection that hit so close to home. He gave my fellow students and me valuable insight in terms of looking to the future.”

Bringsjord continued, “I gained a lot of strategic information about internships, and what companies such as Goldman Sachs and Ernst & Young are looking for in young employees. I learned what I should and shouldn't be doing to further my chances in those respects, while still in school. I would absolutely recommend to future MBA students to go on the trip. If a student is interested in a career on Wall Street it would be intelligent to take advantage of this trip; it really gave me a solid idea of what the culture of that type of work is like, and made my desires to enter the world of finance even stronger.”

Bringsjord added, “You can't get the feel for what a finance-related career is like in a classroom. Sure, you can get an idea of the type of work you'll be doing, but the classroom atmosphere doesn't prepare you for the hustle and bustle of the financial world like this trip does.”

“This event grows each year,” commented Lally Associate Dean Jeff Durgee. “Next year, we would like to have even more of our great City alumni “adopt” a student or two for lunch and a visit to their offices.”

For more detailed information regarding The Lally School of Management & Technology visit: http://www.lallyschool.rpi.edu

Lally students in Professor Tim Golden’s Negotiations course experienced a lively enactment of cross cultural negotiations as two students, Atif Majeed MBA ’10 (from Pakistan) and Sreekanth Venkataraman MBA ‘10 (from India), dressed in traditional clothing from their home countries and engaged in a negotiation over the India-Pakistan conflict.

Professor Golden observed, “As future managers, MBA students need not only analytical skills, but also a variety of negotiation skills in order to effectively implement solutions to pressing business needs.” This new negotiations course is designed to help MBA students develop basic expertise in managing negotiations that occur in a broad array of business settings.

For this discussion on cross-cultural negotiation, the evening began with a brief history of the India-Pakistan conflict, and then each side in the international dispute presented their position on several of the main issues that have spanned the sixty plus year conflict. The two parties then negotiated over these issues, with the class acting as mediators in the international negotiation. Professor Golden used the discussion to highlight key concepts in cross-cultural negotiations.

The evening concluded with the class enjoying “Gulab Jamun,” a traditional dessert made with cheese, cream, sugar syrup, cardamom and rosewater. This sweet dessert is extremely popular throughout the Indian subcontinent.

About the Lally School of Management & Technology

The Lally School of Management & Technology was founded in 1963 as an integral part of Rensselaer Polytechnic Institute, America’s oldest technological university. Building on Rensselaer's world-class facilities and leadership in science and engineering, Lally is dedicated to advancing business through innovation. Lally offers graduate, doctoral and undergraduate degree programs in management, a full time One Year MBA and an executive MBA program. Lally’s programs focus on the strategic management of technology and creating value through innovation and entrepreneurship. Located in New York’s Tech Valley, Lally offers a growing portfolio of collaborative programs with enterprises and academic institutions in the Indian sub-continent, China, Europe, and the Middle East. For further information on the Lally School please visit: http://www.lallyschool.rpi.edu/

Drawing upon his career experience of a hostile takeover attempt when he was serving as the as the CEO of State Street Bank, Carter conducted an experiential leadership case study seminar, at the Lally School of Management & Technology challenging MBA students to develop on-the-spot presentations for the Board a takeover target company that finds itself in a crisis situation.

Mashall N. Carter is Chairman of the New York Stock Exchange Group and Deputy Chairman of the parent company NYSE Euronext. He has served as a director of the New York Stock Exchange since November 2003. NYSE Euronext, a transatlantic exchange group that includes both the New York Stock Exchange and the American Stock Exchange (AMEX), is the world’s leading and most liquid exchange group, with both the highest average daily value of cash trading and the largest market capitalization of listed operating companies. During 2008, 42% of the world’s cash equities trading volume took place on NYSE Euronext exchanges.

Before joining the NYSE, Mr. Carter served as Chairman and CEO of State Street Bank. Prior to State Street, Mr. Carter was with Chase Manhattan Bank for 15 years, in positions related to finance, operations and global securities businesses. A former Marine Corps officer who was awarded the Navy Cross and Purple Heart during two years’ service as an infantry officer in Vietnam, Mr. Carter served from 1975-76 as a White House Fellow at the State Department and Agency for International Development.
In Fall 2009, Carter delivered the Jerome S. Reinert ’56 Visiting Executive Series lecture entitled Navigating a Perfect Storm—Regaining Our Bearings After the Global Financial Crisis.” More than 300 students, alumni, faculty, staff, and community professionals attended the lecture at Rensselaer’s EMPAC venue.

About the Lally School of Management & Technology  
The Lally School of Management & Technology was founded in 1963 as an integral part of Rensselaer Polytechnic Institute, America’s oldest technological university.  Building on Rensselaer's world-class facilities and leadership in science and engineering, Lally is dedicated to advancing business through innovation.  Lally offers graduate, doctoral and undergraduate degree programs in management, a full time One Year MBA and an executive MBA program.  Lally’s programs focus on the strategic management of technology and creating value through innovation and entrepreneurship. Located in New York’s Tech Valley, Lally offers a growing portfolio of collaborative programs with enterprises and academic institutions in the Indian sub-continent, China, Europe, and the Middle East. Lally continues to deliver high-quality business education in one of the most personalized classroom settings of all the top MBA programs. Of the best MBA programs eligible for ranking by Business Week, Lally’s program ranked #34 in top undergraduate business programs overall.

For more detailed information on the Lally School & the various MBA programs they offer please visit: http://www.lallyschool.rpi.edu/