The power of different experiences in an MBA cohort
- September 9, 2024
- By WashU Olin Business School
- 4 minute read
In the modern world, the ability to understand, engage with, and adapt to various cultures and perspectives is not simply an academic endeavor but also an indispensable professional skill.
If engaging with people from different cultures, geographies, industries, and ways of thinking is valuable to a prospective student, they will find continuously compounding value at Olin Business School. At Olin, the importance of diversity in higher education is recognized as a fundamental pillar.
The principles of EDI are woven into the very fabric of Olin’s MBA program. Equity, diversity, and inclusion create an environment where everyone can benefit from a rich medley of backgrounds and experiences.
Here, students are surrounded by people from St. Louis to Singapore where decision-making, problem-solving and creativity are approached holistically. A diverse cohort means students have access to a wider array of ideas and solutions than they would otherwise.
How does EDI at Olin prepare students for the globalized business world?
Olin students work with people from varied professional experiences and cultural backgrounds, experiencing a veritable melting pot of ideas and perspectives. This exposure challenges them to expand their worldview, push the boundaries of conventional thinking and enhance their adaptability—a crucial skill in today's dynamic business landscape.
When students from different industries and cultural backgrounds collaborate on projects or discuss case studies, they inevitably generate a wider range of ideas and solutions. This diversity of thought not only leads to more innovative approaches to problem-solving but also cultivates an environment where creativity flourishes.
In today's interconnected world, businesses operate on a global scale, and having a deep appreciation for different cultures and markets is critical. By interacting with classmates from various corners of the globe, MBA program cohorts gain invaluable insights into international business practices, cultural nuances and emerging market trends.
What is Olin Business School doing to incorporate EDI in the admissions process?
The admissions team at Olin employs a holistic approach to evaluating MBA applicants. They consider not only academic qualifications but also professional experience, leadership potential and personal qualities. By looking beyond traditional metrics, such as GMAT scores or GPAs, the admissions team aims to assemble a cohort with diverse backgrounds and perspectives.
Olin actively engages in outreach and recruitment efforts to attract a diverse pool of applicants. This includes hosting events for potential students to get to know Olin Business School. These events allow students to experience our program in-person during their decision-making process.
Olin also offers merit-based scholarships and financial aid packages to help attract top talent from diverse backgrounds. By removing financial barriers to education, the school ensures that qualified candidates from all walks of life can pursue an MBA at Olin.
What is Olin Business School doing to incorporate EDI in the classroom?
Cohorts are intentionally chosen to be diverse in nature from ethnicity, industry, age, state of life, etc. Having a mix of both seasoned professionals and recent graduates can offer a blend of real-world experience and fresh perspectives. Similarly, a cohort that represents a diverse range of industries—from technology to consulting—can provide a rich tapestry of insights into different sectors of the economy.
Jenny Miller, MBA 2012, had this to say, “I knew how to be a working mom. But, I was pregnant when I was getting into my second year. That was a big transition.”
I learned from my cohort how to work through transitions, inspire other leaders, and go after what I wanted. It's something I take with me every day.
Jenny Miller
There is no one-size-fits-all formula for the perfect cohort. What matters most is the willingness of each member to contribute their perspectives, listen to others and engage in meaningful dialogue—creating a culture of inclusivity where every voice is valued and respected.
Through internships, study tours and networking events, students have the chance to immerse themselves in different industries, cultures and markets. This exposure broadens their horizons and deepens their understanding of the business world's complexities. By engaging with individuals from diverse backgrounds, students learn to navigate ambiguity, adapt to change and approach problems with empathy and cultural sensitivity.
Perhaps the most profound impact of a diverse MBA cohort lies in the emotional bonds forged among students. Bringing together individuals with different perspectives and life experiences creates a dynamic learning community where ideas are challenged, assumptions are questioned and friendships are formed. Through group projects, team-building activities and social events, students learn from each other, build trust and collaborate effectively. These bonds enhance the learning experience and lay the foundation for a lifelong network of support and mentorship.
At Olin Business School, diversity isn't just a buzzword; it's the cornerstone of an enriching MBA experience that prepares future leaders for the complexities of the global business landscape. By weaving equity, diversity and inclusion into every aspect of its MBA program, Olin ensures that students don't just learn about the world—they learn from it. Through a curriculum that champions diverse perspectives, Olin cultivates a dynamic learning community where innovation flourishes, and cultural sensitivity is second nature.
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Sara Savat
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