Article: Teaching Students How to Network

The Wall Street Journal’s ‘College Journal/MBA Center‘ site (an excellent free resource) has just published an interesting article on the addition of ‘networking training’ in the MBA classroom.

The article offers an overview of the trend as well as a detailed focus on four schools: Michigan State, SMU, Arizona State and Wake Forest.

http://www.collegejournal.com/mbacenter/newstrends/20040831-capell.html

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Admissions Tip: Use Web Resources!

While navigating the MBA admissions process, it is vital that applicants take advantage of all the great web-based resources that are available. Beyond the official school sites and test prep pages, there are several spots on the web that aggregate content or serve as general portals in MBA admissions space. Here are a few examples that some of you may already be familiar with:

2005 Applicants: http://hella.opencoder.org/mba2005apps/ Business Week B-Schools: http://www.businessweek.com/bschools/index.html MBA League of Bloggers: http://mbaleague.blogspot.com/

One of the newest additions to these portal-style sites is the Wharton Admissions Blog (http://adcomblog.wharton.upenn.edu/). Before you jump the gun and assume that Wharton’s site is too narrowly focused, take a look at the school’s brief description of the blog’s purpose:

This blog is designed to help answer questions that arise from the application process of applying full-time MBA programs. While it is managed by Wharton admissions, we will also cover topics relevant to applying to multiple schools… We hope that aggregating content in this way will help make this blog a useful ‘content management’ portal for MBA applicants, while updating with our own admissions-related articles.

If Wharton’s track record with their discussion forums and general admissions transparency is any indication, their latest offering should certainly be worth bookmarking…

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Article: NYU/Stern Interview

Business Week has published an interview that Mica Schneider conducted with Isser Gallogly, the director of MBA admissions at NYU/Stern. Here’s an excerpt from the discussion:

Q: When is the best time to submit an application? The last deadline is Mar 15, 2005… A: As soon as you feel ready. But submit as early as [possible] so that you can get in when we have more spaces. That gives you more time to visit and to interview. International students should apply by our first deadline in December, [giving] them time to secure financing and a visa.

For additional excerpts from the interview: http://www.businessweek.com/bschools/content/aug2004/bs20040825_1179_bs037.htm

In order to see the full text of the article, you’ll need to subscribe to Business Week’s MBA Insider.

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Admissions Tip: Round 1 or Round 2?

In recent weeks, dozens of Clear Admit clients and blog readers have been asking the age-old question: Should I apply in round 1 or round 2?

Along the way we’ve heard dozens of theories and myths. In the interest of preventing applicants from making silly mistakes, here are a couple of examples of dangerous myths, along with our thoughts.

1) “Apply in round 1, even if you are pressed for time. The key is to be early.” This is false. While applying early is nice, you should never do so at the expense of a high quality application.

1) “Applicants to programs that use admissions ’rounds’ should apply several weeks in advance of a school’s deadline. Applying in early September for an October deadline will give you an edge”. This is false. Most admissions officers are busy with recruiting efforts and training of new staff in September and early October. There is really no benefit to sending in your file several weeks ahead of their deadline.

2) “Since the best applicants apply in round 1, it makes sense to ‘wait it out’ and apply in round 2. In addition, the schools accept the greatest number of applicants in round 2, so it’s best to be in that round.” False and false. Just because round 1 often contains many highly qualified applicants doesn’t mean that the admissions officers suddenly lower their standards in round 2! It’s not as though you can ‘hide’ your application in round 2 and hope that you somehow slip through. Keep in mind that the schools use waitlists to hold-over some round 1 applicants for round 2 as well! As for the number of applicants accepted, round 2 tends to lead the way at many schools, because it is the largest round (in terms of volume). This does not mean that the acceptance rates are higher.

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Article: Recruiting On the Rise at Top MBA Programs

Here are some excerpts from a Reuters article on MBA hiring. While the article highlights the troubles faced by 2001-2002 grads, it also points to a more optimistic future:

Top U.S. business schools have seen a pickup in the number of recruiters trolling their campuses.

At the Stanford Graduate School of Business in California, the number of visiting job scouts is up 30 percent this year.

At Wharton, not only did the number of recruiters climb about 20 percent, but they also were hiring more and represented a wider spectrum of companies. Besides the ubiquitous investment banking and consulting firms, there was an uptick in marketing, retail and health care companies. Aaron Marcus, head of Americas campus recruiting at Goldman Sachs, said the Wall Street powerhouse typically sends recruiters to top business schools about 20 times in a six-month period. In the past two years, however, they visited less frequently because they had fewer jobs to offer.

But things have loosened up this year. Marcus said Goldman Sachs has hired 30 percent more students than in 2003 and increased its summer internships by 25 percent.

“The competitive landscape on our business school campuses has increased significantly as we and other firms like us have increased our appetite for MBAs,” he said.

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Article: Application Volume

There’s an interesting article in the Indianapolis Star on how recent declines in admissions volume have hit second-tier MBA programs. Essentially, the late 90′s popularity of the MBA brought new players to the MBA market (with many universities introducing new programs, part-time options, etc.). Now that admissions volume has fallen from those all-time highs, many of the second-tier options are faced with a serious challenge.

http://www.indystar.com/articles/8/172246-2898-223.html

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Article: MBA Programs Switch to Big-Picture Approach

The Wall Street Journal’s ‘Career Journal’ web site has published an interesting article on the latest shifts in management education, citing an increasing use of cross-functional coursework. More and more MBA programs seem to be ‘merging’ their core electives to ensure that graduates can handle complex problems combining several disciplines at once.

A must read: MBA Programs Switch to Big-Picture Approach

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UCLA Deadlines Published

Here’s the latest information on UCLA’s deadlines….

We have a rolling admissions schedule with four application rounds. The 1st round deadline is November 3rd, the 2nd round deadline is January 5th, the 3rd round deadline is February 2nd, and the 4th round deadline is April 18th. The 2005 application is only available online, and will be up on the website within the next 2-3 weeks.

If you are serious about UCLA, it makes sense to apply early. It also makes sense to ‘do your homework’ and get to know the program in detail so that your application essays reflect a high level of interest. Although the essay topics are not yet available, UCLA has typically used fairly standard essays, with one exception:

1. Please provide us with a summary of your personal and family background. Include information about your parents and siblings, where you grew up, and perhaps a highlight or special memory of your youth.

We’ll have to wait and see if this essay is used this season, but it is certainly worth pointing out, given it’s unique focus. This question reveals a lot about the way that MBA admissions officers assess candidates in general.

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Tuck Essays now available…

Tuck/Dartmouth has released their essay topics for the 2005 application. They are as follows:

Essay 1 (1000 words): You are head of sales at a medium-sized manufacturing company. A little over one year ago, you recruited John to join the company as a sales manager. Since that time, he has been one of your star producers, and his performance has earned rave reviews from senior management and customers. He has generated an enormous amount of business for the company, landing accounts with the four largest retailers in the region. Last year, John was responsible for bringing in an additional $10 million in sales revenue. In that same year, full-year revenues increased 15 percent to $62 million, significantly outpacing all competitors. Gross margins for the year were 42.9 percent, compared with 38.0 percent last year, and the selling and administrative expenses were 30.2 percent of full year-revenues, compared with 29.5 percent last year.

The CEO credits John with turning around the business and is one of his biggest supporters. Furthermore, the CEO praises you for bringing John to the company. John is viewed by his co-workers and subordinates as intelligent, hard-working, and creative, but they also find him to be arrogant, confrontational, short-tempered, intolerant, and self-promoting. Morale is not good within his group, and earlier this week, two people on John’s team complained to you about how he has been treating them.

John is up for his review. At the time you hired him, you implicitly promised that he would be promoted to national sales manager within one and a half years, which would quadruple the number of employees he supervises. You fear that if he is not promoted, he will leave the company and go to the competition, taking with him many of the company’s accounts. Likewise, you are concerned about the effect his promotion would have on the rest of the team.

How would you handle the situation? What professional or personal experiences would you draw upon to guide your actions?

Essay #2 (250-750 words): Why is an MBA a critical next step towards your short and long-term career goals? Why is Tuck the best MBA program for you? (If you are applying for a joint or dual degree, please explain how the additional degree will contribute to those goals.)

Essay #3 (250-750 words): Describe a situation in which you led a team to reach a specific goal. Looking back, what characteristics helped you to be effective as a leader? What areas do you feel you need to develop in order to be a better leader?

Essay #4 (250-750 words): Describe a situation in which you stood up for something you believed in, even though others did not agree with you. In what ways were you pleased with how you handled the situation? What do you wish you had done differently?

Essay #5 (Optional) (250-750 words): Please provide any additional insight or information that you have not addressed elsewhere that may be helpful in reviewing your application. Complete this . . . → Continue Reading

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Admissions Tip: School Visits

It always makes sense to visit the MBA programs that you are considering. Here are a few basic tips on how to approach this process:

1) Before you go, be sure to look into the sorts of organized activities that the admissions office has on offer for prospective students. These may include any of the following:

-campus tour -attending a class -attending an admissions information session -lunch with current students -social events (MBA pub, happy hour, etc.)

In some cases you will need to sign up in advance for these offerings. It also makes sense to verify that your timing is ok, since some schools do not encourage visitors during the first few weeks of the semester, etc.

2) View your visits as a unique opportunity to gather data on the MBA program. You can use this fact-finding mission to ultimately make decisions about where you apply. You can also use the information you gather to add school-specific detail to your essays. For example, if you meet a current student who is following a course of study that interests you, try to exchange emails and keep in touch. Students can be a wonderful resource when it comes to up-to-date information about a given program. The more you know about the latest happenings on campus, the more likely your essays will reflect a genuine interest in the school.

3) Do not assume that your visits to the schools are exclusively designed to get “face time” with admissions officers, professors or other ‘influencers’ in the admissions process. Applicants that aggressively push for face time are generally viewed as a menace by the adcom. Of course, if a chance for discussion with a member of the adcom presents itself, great – just be sure you know what you want to talk about (since it’s a waste of time to ask questions that are easily answered on the programs web site).

4) Read up on the program before your visit. You’ll get more out of your visit if you have already developed a basic knowledge of the school in advance. You should also think of specific questions you’d like to be answered so as to focus your visit.

5) Know your ‘positioning strategy’ for the MBA admissions process before you start setting foot on campus and engaging others in discussion. You never know when an informal discussion with an admissions officer or student might veer into a sort of impromptu interview.

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Wharton School Publishing

Wharton School Publishing’s first releases are due to hit bookstores on August 15th. For those of you who don’t know, Wharton School Publishing is a joint venture between Wharton and Pearson Education (publishers of the Financial Times, Prentice Hall, etc.).

The first titles to come out look to be quite interesting, and according to Amazon’s sales rankings they seem to be selling rapidly too. Check out the following link for a 40% discount.

Wharton Publishing 40% discount

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Kellogg releases deadlines…

Kellogg’s deadlines for the coming admissions season are as follows:

Round 1: Oct. 22, 2004

Round 2: Jan. 7, 2005

Round 3: March 11, 2005

What’s most interesting about this year’s deadlines is the fact that Kellogg has broken with their tradition of an early to mid-November R1 deadline. In prior years, the ‘Chicago schools’ (Kellogg and U. Chicago) have carved out their own niche in early November, providing some distance between themselves and the earlier R1 dates of Harvard, Wharton and Stanford. This year, Kellogg has opted to place their deadline right in the middle of the pack (between Wharton/HBS in mid-October and Stanford/MIT in late October). This will require more planning on the part of applicants who are scrambling to apply to several top schools in R1.

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Chicago Essays Now Available!

Chicago has released their new application. The essays are as follows (500 words each): a. Why are you seeking an MBA from Chicago GSB? What are your plans and goals after you receive your degree? b. Chicago GSB is seeking a mascot to represent our new facility, The Hyde Park Center. What would your choice be and how will it represent the attributes of the GSB? c. If you could step into any celebrity’s shoes for a day, who would it be and why? d. Who was your childhood hero and why? Is this person still your hero? Why or why not? e. If there is further information that you believe would be helpful to the admissions committee, please feel free to provide it.

As usual, Chicago seems to be following their own path when it comes to the essays. Essays a and e are fairly straightforward, but the other questions will require more reflection. Here are some very basic tips to get you started on these non-traditional questions:

Essay B: Be sure to think carefully about the reasons for your selection of the mascot. In other words, it’s not a question of picking something that the admissions committee will love and consider using – it’s more a question of backing up your choice and linking it to the attributes of the GSB (i.e. showing that you know quite a bit about the program). [This question is also a nice way for the school to promote the opening of their new facilities to applicants.]

Essay C: Again, focus more on the reasons for your choice than on the choice itself. At the same time, it can never hurt to be somewhat creative with your selection (the admissions office will certainly read their fair share of Michael Jordan/Eleanor Roosevelt/Mahatma Gandhi essays). Also, keep in mind that the person you choose should ideally relate to your profile in some way (your goals, your outside interests/passions, your personal background, etc.). Finally, keep in mind that this is a 24-hour arrangement, since that may impact your choice somewhat.

Essay D: While this question may sound a bit redundant in light of essay c, it’s actually covering a different topic entirely. Ideally, you should use this essay to focus on your personal development over time. How has your choice of a hero changed over time? What’s prompted this change? Try to convey the key elements of your background that have shaped your growth, rather than focus exclusively on the ‘hero’.

Contact Clear Admit to learn more about the best approaches to these essays and our MBA admissions strategy services.

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UNC Deadlines

UNC’s deadlines are now available. Here’s the info from their online application:

Thank you for your interest in UNC’s Kenan-Flagler Business School. Our application for 2004-2005 will be ready in mid-August. Please check back at that time. For your information, here are the application deadlines for the coming year:

Deadline 1 – October 28th Deadline 2 – December 2nd Deadline 3 – January 13th Deadline 4 – March 5th

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