The Wisconsin MBA is governed by five learning dimensions that ensure purposeful and intentional learning outcomes for students. At the Wisconsin School of Business this is referred to as KDBIN™ (pronounced K-D-BIN), which stands for Knowing, Doing, Being, Inspiring, and Networking. Experiential learning, or applied learning as it is often referred to at the Wisconsin School of Business, is a hallmark of the Wisconsin MBA, and deliberately complements the Doing aspect of KDBIN™. These experiences allow current MBA students to take what they learn in the classroom and apply it to real world situations. Oftentimes students will be brought into a company as a consultant and find solutions to real problems the company is facing. For example, Corporate Finance and Investment Banking students work on team-based consulting projects for organizations like 3M, MillerCoors, and Microsoft. Students will then present these deliverables to company leadership. Experiential learning can take other forms including workshops, networking events, and interactive lectures with industry leaders.
Why is experiential learning important?
- Practice. Experiential learning helps students practice the concepts and strategies that they’ve learned in their classes.
- Training. Through working on real deliverables for companies, Wisconsin MBA students are getting a head start on the jobs they’ll have after graduation. This helps students work more effectively in their internships in the summer between their first and second year, and helps translate these internship experiences to full-time offers.
- Exposure. Experiential learning provides opportunities for our students to connect with corporate leadership, and effectively expand their networks through these connections.
- Interview Savvy. Working with companies in such a direct way allows Wisconsin MBA students to bring relevant experiences to the table when interviewing for internships or full-time job positions. As a result, students are more current and knowledgeable about their industry and function of interest.
- Learn from the best. Experiential learning allows students to interact with industry leaders and learn from their own personal triumphs and success.
Coursework is only one piece of the Wisconsin MBA experience. Experiential learning makes learning active, and creates an atmosphere where students can truly “learn by doing.” Interested in hearing a student's perspective on experiential learning? Read another blog post here.