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01
Publicis Sapient, the consulting division of the ad holding company giant Publicis Groupe, announced it would cancel all raises and promotions for the rest of 2020.
In a memo sent to all 20,000-plus employees, the company attributed the move to the economic effects of the pandemic.
Other major consulting firms, including Deloitte and Accenture, have cut hundreds of jobs as clients slashed budgets.
Visit, https://skytraxgroup.wordpress.com/about-ushttps-www-fiverr-com-users-amlendu11-seller-dashboard/, Business Insider's homepage for more stories.
Ad giant Publicis Groupe's consulting firm Sapient froze raises and promotions for the rest of 2020. Read the internal memo.
Publicis Sapient, the consulting firm owned by the ad holding company giant Publicis Groupe, froze raises and promotions for the rest of 2020, canceling a round of reviews that had been planned for October.
In a memo sent on Tuesday and reprinted below, Kameshwari Rao, Publicis Sapient's interim chief talent officer, tied the change to the coronavirus pandemic's effects on the holding company's financial performance.
During a July 23 earnings call, Publicis CEO Arthur Sadoun said Sapient had a good first quarter but ended the second quarter in negative territory with year-over-year organic revenue down 13%.
Sapient employs more than 20,000 people. According to LinkedIn, a majority of them are in India, and more than 4,000 work in the firm's divisions in the US.
A Publicis spokesperson did not respond to a request for comment on the news.
Publicis purchased Sapient for $3.7 billion in 2014 to expand its consulting services and compete with larger firms like Deloitte and Accenture.
It works with companies and organizations like Goldman Sachs and the US Department of Health and Human Services to design apps and websites and change their digital business operations.
Sapient also collaborated with Microsoft to build Publicis Groupe's artificial-intelligence project-management tool, Marcel.
Other major firms, including Deloitte and Accenture, have eliminated hundreds or thousands of jobs in recent months because of client budget cuts stemming from the pandemic.
Read the full memo below.
All,
I am writing to let you know that as a company, we have decided not to have the October merit and promotion cycle this year.
This was not an easy decision to make. Our teams have been doing great work during difficult circumstances and although our business beat the reduced forecasts we made earlier in the pandemic, growth declined in Q2. Further, we know that COVID's economic impact will be felt the rest of this year and beyond.
While we will not be able to offer further merit or promotions this year, we will be going ahead with the deferred compensation for the April 1 promotions. The increases will be effective October 1. Once we close 2020, we will be able to review plans for the next round of merit and promotions.
As we assess our business, we encourage everyone to continue growth and feedback conversations with their manager. You told us through the Shape Our Next survey that feedback and recognition are important. Recently we have launched new EYP sessions focusing on Recognition, Feedback and Coaching, and rolled out People Manager Training to enable more meaningful and actionable conversations. Talking about growth now helps us prepare for 2021, and it enables everyone to create a path forward.
We appreciate this is not the news any of us would want. Your People Strategists are always ready to have a private discussion should you have questions or wish to speak further. Do not hesitate to reach out.
Thank you for your continued resilience.
Kams
Kameshwari Rao
Interim Chief Talent Officer
Got more information about this story or another ad industry tip? Contact Patrick Coffee on Signal at (347) 563-7289, email at pcoffee@businessinsider.com or patrickcoffee@protonmail.com, or via Twitter DM @PatrickCoffee. You can also contact Business Insider securely via SecureDrop.
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02
The Yale School of Management (SOM) has earned a solid spot among the best US and global business schools.
Business Insider spoke with current students, recent graduates, a former admissions officer, and MBA consultants for an insider's perspective on the process and strategies to stand out.
Demonstrate your understanding of and appreciation for Yale SOM's mission and culture, which is community-driven and socially-minded.
Make sure you have a strong example of your "biggest commitment" for your essay, whether personal or professional — "I wrote about how marriage developed resilience and perseverance, built personal responsibility, and most importantly required teamwork," said Dan Kurber, class of 2021.
Many students have success reapplying if at first they don't get in: "Not all candidates may realize that Yale SOM offers feedback to candidates ... This can be a great starting point for understanding where to focus for your next application," said Laurel Grodman, managing director of admissions.
Visit Business Insider's homepage for more stories.
How to get into the Yale School of Management, according to admissions directors, students, and MBA consultants, https://skytraxgroup.wordpress.com/about-ushttps-www-fiverr-com-users-amlendu11-seller-dashboard/
The Yale School of Management (SOM) in New Haven, Connecticut, is solidly ranked among the best business schools. It's No. 9 on US News and World Report's "Best Business Schools" ranking and has earned a spot in the top 15 on The Financial Times' "Global MBA Ranking" for the past three years., https://skytraxgroup.wordpress.com/about-ushttps-www-fiverr-com-users-amlendu11-seller-dashboard/
Like many campuses, Yale University has currently suspended its campus visit program until further notice, in compliance with the school's guidelines for meetings and events. Many Yale SOM admissions events — including Admissions Q&A, Virtual Summer Social, and the Yale SOM Online Reception — will take place online rather than in person.
Dan Kurber, Yale SOM class of 2021, told Business Insider that the school pushed the start date for first-year students to late August and moved to a virtual orientation. The school plans this fall to combine in-person learning with remote and hybrid approaches, Kurber added.
Laurel Grodman. Laurel Grodman
Despite the change, many aspects of the MBA application process for Yale SOM remain the same.
"I don't foresee any big changes aside from a movement for the time being to Zoom interviews in lieu of any in-person interviews and increased opportunities to engage with us online as you get to know more about the school," said Laurel Grodman, Yale SOM's managing director of admissions.
Grodman, as well as current and former students and consultants who've successfully coached applicants into this prestigious program, shared their tips for standing out.
Study up on what makes Yale unique
Yale SOM's mission, to "educate leaders for business and society," is not to be taken lightly, said Esmeralda Cardenal, an MBA admissions consultant at Accepted who spent three years as the associate director of admissions at Yale SOM.
"The 'and' is key," added Barbara Coward, founder of MBA 360 Admissions. "When you are applying to Yale, you need to demonstrate your commitment to both."
The school has traditionally been known for its strength in nonprofit management, but it's expanded to incorporate much more than that today.
"[C]andidates sometimes believe they need force-fit a passion for nonprofit management, or civic engagement, or another 'socially minded' endeavor into their applications," Grodman said. "This most often manifests itself when a response to our question asking for a brief statement on career interests seems unsupported by any of the candidate's activities or experiences to date."
Cardenal added that while a large portion of its students work in the typical industries of finance and consulting, Yale SOM attracts a very diverse population with unique career goals.
As an example, Kurber's first-year learning team included a bank examiner, a research project manager, a teacher/education consultant, a governmental consultant, a strategy analyst for a major airline, an engineer, a project manager for a public school district, a business development manager at a family-owned business, and a military officer.
"Each of us brought unique strengths, experiences, and perspectives that provided value to the team," Kurber said.
Yale SOM's other unique characteristics, which include the raw-case method approach, a strong teamwork setting, and global study opportunities, are just some of the many advantages that come with getting an MBA from the program, Cardinal said — so you should think through whether these appeal to you before submitting an application.
Compared to other MBA programs, https://skytraxgroup.wordpress.com/about-ushttps-www-fiverr-com-users-amlendu11-seller-dashboard/, Yale SOM also tends to admit a smaller group into its ranks. Total enrollment for the class of 2021 is only 345 students, while Harvard Business School's class of 2021 is almost triple that size at 938 students.
Kurber said that the SOM's smaller class size promotes a more collaborative setting and facilitates getting to know a greater percentage of your classmates.
Dan Kurber. Dan Kurber
"I think it sends a positive message to the admissions team when applicants highlight that they desire the smaller class size in their applications," Kurber said.
Kurber mentioned in his interview that he was from a small town in Alaska and graduated from a high school class of 72 students, where they all knew each other and were close.
"While my graduating class at West Point was around 1,200, I was very tight with the 40 or so other seniors that I lived around," Kurber said. "To me, the smaller class size at SOM was something I was drawn to because I had benefited from it in the past."
Come up with a strong 'biggest commitment' that ties into the school's culture
Yale SOM requires a single essay with only one choice of topic: a description of the biggest commitment you've ever made. Grodman explained that the school developed this question in collaboration with Amy Wrzesniewski, a professor of organizational behavior at Yale SOM, and that it gives the committee "a valuable glimpse" into how candidates approach something of great meaning in their life.
"Because it's a unique question among business school applications, it can be very obvious when an applicant tries to repurpose an essay that was crafted with another topic in mind," Grodman said. "You're best off writing this essay starting with a blank slate.'"
Grodman added that if you're coming up with a list of 10 things (or coming up empty), then you're probably overthinking it.
"Ask yourself to which pursuits you've given the most of your time and talents, which will hopefully help identify some good starting points," the admissions director said.
While you do need to stick to this subject, the vague prompt allows you to approach the question in whatever way works best for you.
"It doesn't matter if your examples are professional or of personal nature," Cardenal said. "The SOM admissions committee will be more interested in how you have acted on that commitment and what areas of your life have been impacted by that commitment."
To tie into the community-driven nature of the program, Justine Chan, who graduated from Yale SOM in 2014 and is now the founder of Live With Plum, an educational site for women to build wealth through real estate, wrote in her essay about her leadership experience with The New York Singapore Association. Instead of presenting a perfect picture, she was reflective about mistakes made and lessons learned while tackling her journey as the youngest president in the association's history.
Justine Chan. Justine Chan
"I learned the importance of delegating and steering a vision instead of overextending yourself trying to control everything," Chan said.
Kurber, meanwhile, wrote his essay about his wife.
"I wrote about how marriage developed resilience and perseverance, built personal responsibility, and most importantly required teamwork," Kurber said. "I thought about discussing the commitment I made to the Army when I joined as a young adult, which would have also been fine I think, but I thought the commitment to another person would mean more at Yale, where people really matter."
Practice speaking in front of a camera
Yale SOM asks applicants to complete video questions that are separate from your in-person interview and designed to help the admissions committee assess your communication skills.
Abhishek Agarwal. Abhishek Agarwal
Abhishek Agarwal, class of 2021, prepared for this task by finding sample interview questions, writing down his answers, and recording himself responding to them.
"English was a second language to me, so I needed to do extra practice in front of the camera to sound very clear and well reasoned," he said. Gathering feedback from others on how he presented himself helped him improve his body language as well as calm his nerves.
Boost your GPA with strong test scores
Yale SOM's class of 2021 had a median undergraduate GPA of 3.66, a median GMAT score of 720, and a median GRE of 330.
"There is a reason why Yale SOM has one of the highest average GPAs and GMAT/GREs of the top MBA programs," Cardenal said. "They clearly look for outstanding academic achievement."
She added that if you don't have a stellar GPA, you should make sure to compensate for that with a strong test score.
Helen Knight, class of 2020, put extra emphasis into performing well on the GMAT since she hadn't taken traditional business or quantitative courses beyond economics in undergrad.
Helen Knight. Helen Knight
"I wanted to make sure the admissions committee wouldn't be concerned about my ability to do well academically at SOM, which has a rigorous quantitative core curriculum," Knight said.
To prepare, Knight took a business calculus class through UCLA Extension and made an effort to take on more analytical work at the job she held prior to attending SOM.
"I would recommend taking additional quantitative courses to anyone who finds themselves in this position," she said. "It can both strengthen your application and your confidence with quantitative material ahead of your MBA."
Don't sweat the behavioral assessment
Last year, Yale SOM formally introduced a unique component of their application known as the behavioral assessment, which measures a set of interpersonal and intrapersonal competencies associated with business school success.
"It takes about 20 minutes to complete and doesn't require any preparation or specialized knowledge," Grodman said. She added that admissions uses it specifically to predict classroom performance.
Candy Lee LaBalle. Candy Lee LaBalle
"[I]t allows us to take more chances on candidates without the strongest academic or testing profiles, but who nonetheless have what it takes to succeed in the classroom," Grodman said.
MBA admissions consultant., https://skytraxgroup.wordpress.com/about-ushttps-www-fiverr-com-users-amlendu11-seller-dashboard/, Candy Lee LaBalle, who heads LaBalle Admissions, added that "there is no tweak, no right answer, no way to 'game' the system" when taking the assessment.
"[T]here really is nothing to do but to do it," she said.
Explain how you would take advantage of outside electives
Yale University, Coward said, is proud that it can offer students the opportunity to take as many electives as they want outside the SOM. "It would be a mistake to apply to Yale SOM and not mention how you would make the most of this close connection," she said.
Barbara Coward. Courtesy of Barbara Coward
She recommended spending time researching other schools on campus and, if relevant, mentioning specific classes outside of Yale's business school that would help you achieve your career goals.
"Often, a multidisciplinary approach to a learning path can set you apart from other candidates who are applying just for the business basics," she said.
If at first you don't get in, try again
Grodman told Business Insider that the school often gets questions about whether it's worth the time and effort to reapply to Yale SOM. The short answer, the admissions director said, is yes.
"We have many successful reapplicants that have either been waitlisted or denied admission in a prior year," Grodman said. These candidates, she added, did some self-reflection on what could be improved in their application and took meaningful steps to present a stronger application the next time around.
"Not all candidates may realize that Yale SOM offers feedback to candidates both during the application cycle if you are on the waitlist and the summer after the application cycle if you have not been admitted," Grodman said. "This can be a great starting point for understanding where to focus for your next application."
03
NDA Partners in Conjunction with RJR Consulting and Intrinsik Supports Successful CTA Approval by Health Canada for First-in-Human Clinical Study
NDA Partners Chief Executive Officer Earle Martin announced today that its client, Asahi Kasei Pharma (AKP), has successfully received approval of their Clinical Trial Application (CTA) from Health Canada to conduct a first-in-human study for a new therapy for patients undergoing posterolateral fusion (PLF) surgery. The safety and efficacy of the therapy are still under investigation and market authorization has not yet been obtained in any country. NDA Partners in conjunction with RJR Consulting, Inc. served as Asahi Kasei Pharma's strategic regulatory advisor for the CTA submission.
ROCHELLE, Va. (PRWEB) August 12, 2020
NDA Partners Chief Executive Officer Earle Martin announced today that its client, Asahi Kasei Pharma, has successfully received approval of their Clinical Trial Application (CTA) from Health Canada to conduct a first-in-human clinical study for a new therapy for patients undergoing posterolateral fusion (PLF) surgery. The safety and efficacy of the therapy are still under investigation and market authorization has not yet been obtained in any country. NDA Partners in conjunction with RJR Consulting, Inc. served as Asahi Kasei Pharma's strategic regulatory advisor and Intrinsik Corp. provided scientific and regulatory guidance into the preparation and electronic filing of the CTA submission.
Dr. David Feigal, Manager of NDA Partners' medical device practice, praised Asahi on their accomplishment: "Asahi's successful CTA approval allows for the start of clinical trials for a much needed therapy for patients undergoing PLF surgery. We were pleased to support Asahi's efforts and congratulate them on this important milestone and step towards marketing approval in Canada."
About NDA Partners
NDA Partners is a life sciences management consulting and contract development organization (CDO) focused on providing product development and regulatory services to the pharmaceutical, biotechnology, and medical device industries worldwide. The highly experienced Principals and Expert Consultants in NDA Partners include three former FDA Center Directors; the former Chief Executive Officer and Chief Science Officer at the United States Pharmacopeial Convention (USP); an international team of more than 100 former pharmaceutical industry and regulatory agency senior executives; and an extensive roster of highly proficient experts in specialized areas including nonclinical development, toxicology, pharmacokinetics, CMC, medical device design control and quality systems, clinical development, regulatory submissions, and development program management. Services include product development and regulatory strategy, expert consulting, high-impact project teams, and contract management of client product development programs.
About Asahi Kasei Pharma Corporation
Asahi Kasei Pharma Corporation, headquartered in Tokyo, Japan, is a research-based health care innovator that discovers, develops, manufactures, and markets pharmaceuticals and diagnostic products. Asahi Kasei Pharma is a wholly owned business unit of Asahi Kasei Corporation, a US $20 billion technology company, that provides innovative, science-based solutions to a diverse range of markets including healthcare, chemicals and fibers, housing and construction materials, and electronics.
About RJR Consulting, Inc., https://skytraxgroup.wordpress.com/about-ushttps-www-fiverr-com-users-amlendu11-seller-dashboard/
RJR Consulting, Inc. is a global life sciences Regulatory and Quality Consulting company founded in 2002 with the idea of bringing an international network of seasoned consulting professionals to businesses, organizations and government of all sizes. The company's product quality and regulatory services broadly cover Pharmaceuticals (Human and Veterinary), Biologics and Biosimilars, Medical Devices and IVDs, Combination Products, Dietary Supplements and Cosmetics.
About Intrinsik Corp.
Intrinsik Corp., is a science-based consulting firm with over 35 years of experience and offices located throughout North America. As a recognized leader in the industry, our team of experts provide regulatory and scientific advice to help identify the most efficient drug development and registration pathways in a timely manner. We support the development of a wide range of human health products, including small molecules, biologics, natural health products, cosmetics, medical devices, and food additives and ingredients from the preclinical stage through to market and the post-approval phase.
Contact
Earle Martin, Chief Executive Officer
Office: 540-738-2550
MartinEarle@ndapartners.com, https://skytraxgroup.wordpress.com/about-ushttps-www-fiverr-com-users-amlendu11-seller-dashboard/
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