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GMAC Launches “Think Like an Entrepreneur” Competition for US Undergrads

Posted by GMAC Advisor News
Keeping you up to date on graduate management education trends

Posted on Feb 6, 2019 11:00:00 AM

We’ve heard you loud and clear! It’s difficult to develop your undergraduate pipeline when their influencers don’t understand the value of graduate business school or how it relates to their study discipline. For that reason, we’ve created a program that directly ties the social good that this generation craves to the business skills necessary to be successful.

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We’ve heard you loud and clear! It’s difficult to develop your undergraduate pipeline when their influencers don’t understand the value of graduate business school or how it relates to their study discipline. For that reason, we’ve created a program that directly ties the social good that this generation craves to the business skills necessary to be successful.

Now through March 31st with $10,000 up for grabs, GMAC will accept proposals from students that solve a social issue and motivate their classmates to join the effort. We want US college students to use their problem-solving skills and access to MBA students, professors, and faculty advisors to connect the dots between social entrepreneurship and a graduate business education.

What do students need to do?

  • Choose a social cause like the environment, food insecurity, social inequality, health and nutrition or education
  • Submit an idea in the form of a product, service, or program that has the potential to impact and improve the lives of those impacted by the social cause
  • Use resources in the graduate business school to provide supporting rationale outlining the strategy and why this approach will be successful
  • Create a visual demonstration of the concept, such as a website, sketch, video, social campaign, etc.

How about judging and (the best part) prizing?

  • Starting on April 1st, an expert panel of judges from business schools, nonprofits, and corporate space, along with a GMAC representative will review qualifying entries, selecting up to 10 semi-finalists to advance to the Student Voting round
  • Starting on April 15th, up to 10 projects will be shared in an online gallery where students will be invited to vote for their favorite submission
  • The submission with the most votes wins the Grand Prize of $10,000
  • The four submissions with the next highest number of votes each win First Place Prizes of $500

Click here for more information  

Here’s where you come in!

Share this opportunity with your undergrads (and increase your chances of getting your school featured on the competition’s website):

  • Post a social media banner to your school’s social sites (Facebook or Instagram), distribute to your connections in student organizations, or include as part of an outgoing email.
  • Email this flyer to list-servs for undergrads and student organizations.
  • Email or print copies of this flyer for your colleagues in the business school, Undergrad Admissions, Undergrad Advising, Student Life, and Career Services.

We are thrilled to bring this competition to a generation that is driven to be impactful and already embodies an entrepreneurial spirit. GMAC and business schools alike know the positive impact a business mindset can have on solving real-world problems and we hope this experience reinforces that graduate business schools provide students the skills necessary to do this successfully.

We hope to see submissions come from your school and best of luck to all!

Topics: GMAC News

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