Wednesday’s Headlines: How to Get into Harvard Business School

It’s been your dream ever since you learned how much you can earn working at a hedge fund. But how does one land a coveted spot at Harvard Business School? After all, plenty of the 9,000 applicants vying for the 900 spots have an average GMAT score of over 700. Fortune interviewed the school’s dean of admissions, Dee Leopold, who herself graduated from the school in 1980.

A few highlights:

• The school’s 2+2 program accepts college juniors who commit to enrollment after graduating and working for two years.
• The program aims to attract those in science, technology, engineering and math.
• Among campuses where HBS promotes the program is Kettering University in Flint, Mich., for which Leopold is enthusiastic.
• It’s not just how smart you are. You should be nice, too.

 

Other News:

BofA considers the sale of non-U.S. wealth management businesses inherited from Merrill. [WSJ]

Assets are up but revenue is down for Schwab and TD Ameritrade on low rates and unenthused DIY investors. [Investment News]

Shareholders reject pay raise for Citi’s CEO. [CNN Money]

Five London banks are looking to trade the Yuan. [WSJ]

Hedge funds have become a political power in New York. [WSJ]

BNY Mellon’s Q1 earnings fell 1 percent on a credit-loss provision and lower fee revenue. [WSJ]

Warren Buffett has prostate cancer. [DealBook]

Carlyle considers sale of auto parts supplier and purchase of refinery. [Reuters and Reuters]

The State Department is pressing several banks to resume business with foreign embassies in the U.S. after accounts were closed in a money laundering crackdown. [WSJ]