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MBA Planner 2.0
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Mica Schneider at BusinessWeek has written an interesting article about the cost of the MBA degree and benefits associated with going back to school. According to the article, despite the high costs of a top-flight management education, “most students remain convinced that the rewards are worth the expense”. For the full text of the article: . . . → Continue Reading The Economist has published an interesting article about the shifts in application volume and the ‘economic drivers’ that influence them. Topics covered include demography, visas, job markets and location. As expected, this is an interesting read: In other news, the Wharton Admissions Blog has published a great posting on the application review process as it relates to interview invitations. This is a must read for those applicants who are anxiously awaiting . . . → Continue Reading There’s been a lot happening in the MBA admissions world this week: 1) Columbia has introduced a new fellowship. Here’s the text of the email that went around: “Columbia Business School is pleased to announce the Meyer Feldberg Distinguished Fellowship Program, which will provide full tuition to select students who demonstrate academic excellence and outstanding leadership in their application to the School. Feldberg Fellows will join an elite group of students who will benefit from a lifelong association with leaders in business, including fellowship donors. This prestigious award was created in recognition of the transformative leadership of Dean Meyer Feldberg ’65 during his 15-year tenure at the School. Applying for the Fellowship With Stanford’s first deadline just two days off, we thought we would share a few basic tips on their application essays: 1) If you have not yet written your ‘What Matters Most’ essay, it may make sense to seriously consider applying in round two. This essay simply cannot be thrown together at the last minute. Over the years we’ve seen too many applicants attempt to dash off their Stanford essays by taking a single day off from work! It’s better to have a great set of essays in round two as opposed to a ‘last minute’ effort in round one. 2) The admissions committee at Stanford likes to see that candidates have truly taken the time to reflect before drafting their responses to . . . → Continue Reading As many of you know, we are still in the midst of the ’round 1′ MBA application deadlines. At this point in the season, it is critical to plan your schedule carefully. It is also important to weigh ’round 1′ vs. ’round 2′ strategies, based on progress made with essay writing, recommendation coaching, etc. Here is a quick reference for the key ’round 1′ deadlines that are approaching: THIS WEEK NEXT WEEK BEYOND… The Darden Graduate School of Business Administration has pushed their October 27th deadline back due to technical issues with their online application system. The email below was sent to applicants with established accounts. For those of you who were struggling to meet the Oct. 27th deadline and considering a ’round two’ application, this might offer a nice opportunity to squeeze into the first round. —– Original Message —– Dear xxxx, We are experiencing some technical difficulties with our online system and our Information System Department is working to resolve these issues. In the meantime, we have extended the first deadline to November 3, 12 AM Eastern Standard . . . → Continue Reading In reviewing thousands of MBA application essays in the Clear Admit office, we see many ‘classic’ mistakes being made by applicants. Although we could fill pages and pages with these ‘red flags’, we thought we’d share one in particular today: Money There was an interesting opinion piece in the International Herald Tribune yesterday that discussed increases in applicant volume at many continental European MBA programs. In short, the author puts forth a thesis that MBA programs on the continent are becoming more and more attractive to international students for the following reasons: 1) European programs “address the international profile requirements” that global firms are looking for by bringing together a truly international class. 2) Student visas are more readily available in Europe than they are in the US or the UK. 3) There is a perception that “the role of the US as the leading economy is diminishing, while Europe is on the rise”. Here in the Clear Admit offices, we’ve also noticed that several European MBA . . . → Continue Reading The Yale Daily News has published an article covering the Yale SOM’s latest results in the BusinessWeek rankings: The Yale School of Management dropped eight places in a national ranking released this week by BusinessWeek magazine, but University officials said the survey is an anomaly and cited other polls this year in which the SOM has risen…. …SOM Dean Jeffrey Garten said Wednesday he does not think the BusinessWeek poll is as reliable as others, such as the Wall Street Journal or Forbes Magazine studies… For the full text of the article: . . . → Continue Reading The Wharton admissions office has reported a slight up-tick in application volume in round one. They received roughly 1750 applications, which is 2% greater than last year’s R1 volume. While it is clearly too soon to make definitive statements about application volume, our guess is that these initial numbers may be indicative of the 2004-2005 admissions season. Here’s why we think so: 1) The schools are coming off of back-to-back seasons during which they experienced declines of 10-20% in admissions volume. In essence, the ‘admissions bubble’ that engulfed the 1999-2001 seasons has burst, bringing admissions levels back to more typical levels. 2) Unlike 2003, this year has not been marked by such sharp declines in GMAT test taker volume. In . . . → Continue Reading Today at 2 PM (EST) we’ll be discussing MBA admissions and GMAT strategies with our friends at Manhattan GMAT. Join us in the discussion, by signing up for this free online event: http://www.manhattangmat.com/EventShow.cfm?EID=3&eventID=253 This is a must for anyone applying looking at ’round 2′ deadlines or prepping for the GMAT. FREE Virtual GMAT/MBA Strategy Intro Clear Admit’s co-founder, Graham Richmond, has been invited to co-host a free online seminar this Friday with Zeke Vanderhoek, the founder and CEO of Manhattan GMAT. During this online workshop, we’ll be discussing MBA admissions and GMAT strategies. This is a great event for anyone applying to business school or embarking on GMAT study. You’ll get free advice on the GMAT and critical inside knowledge about the MBA admissions process. In order to participate, please sign up in advance at the following web site: Event Details: BusinessWeek will be hosting Beth Flye, Director of MBA Admissions at Kellogg, for a live chat today at 11 AM (EST). Tuning in may provide you with information or ideas that lead to a stronger application package for Kellogg’s October 22nd deadline. Although the timing is somewhat rough for those of you facing other deadlines this week, it probably makes sense to take part – especially if Kellogg is high on your list. Also, stay tuned for a BW chat with INSEAD’s Johanna Hellborg (slated for next week). In the meantime, here’s a link to an interview that Ms. Hellborg gave to GMAC some time . . . → Continue Reading Since many of you are coming down the homestretch with your Harvard and Wharton essays, here are a few thoughts on the age-old question: How should I handle the optional essay? Optional essays are not for everyone. That is, you don’t have to answer them, and in fact, if you don’t have a good reason to, it’s better not to. Remember that, by answering the question, you are asking the Admissions Committee to devote more attention to your application than to an application of someone who stayed within the assigned essays. You should only make use of this essay if there is something that didn’t fit into the assigned essays, but is very important to the Committee’s picture of you – a significant . . . → Continue Reading Today is the deadline for Columbia’s ED round. This binding admissions round is the only one of its kind amongst the top MBA programs. The next step in the Columbia ED admissions process is typically an interview invitation (if your file passes the first hurdle). As many of you know, Columbia uses alumni to conduct their interviews. The admissions committee views the interview process as part ‘assessment of the applicant’ and part ‘sales pitch for the school’. Here is an excerpt from a memo sent to Columbia alumni interviewers by the adcom: The purposes of an alumni interview are four-fold: 1. Promoting Columbia Business School by establishing a direct contact between an applicant and an enthusiastic alumnus/a. 2. Informing the applicant, giving . . . → Continue Reading BusinessWeek published their 2004 MBA rankings yesterday evening. Despite the flurry of MBA rankings out there, BusinessWeek is generally perceived as the ‘gold standard’ in the space (having offered MBA rankings since 1988 – before any other publication). Here are the top 10 MBA programs for 2004: 1. Kellogg/Northwestern, 2. Chicago GSB, 3. Wharton/UPENN, 4. Stanford, 5. Harvard, 6. U. Michigan, 7. Cornell, 8. Columbia, 9. MIT, 10. Tuck/Dartmouth. For the full listing, click here. A couple of interesting changes to note since the last BW rankings (2002): 1. The Chicago-area schools continue to hold the top two slots. 2. Harvard fell two spots from #3 to #5, trading places with Wharton, which climbed back up to #3 (thanks to an extremely successful . . . → Continue Reading The Economist has published their 2004 MBA rankings. Here are the top 10 schools: 1. Kellogg/Northwestern, 2. Stanford, 3. Tuck/Dartmouth, 4. Harvard, 5. IMD, 6. Chicago GSB, 7. Columbia, 8. Wharton/UPENN, 9. IESE, 10. NYU/Stern. Perhaps the most interesting thing about these rankings is the following statement included on the ‘methodology’ page: This year some schools, most notably Harvard and Wharton, made a policy decision to refuse all ranking organisations, including the Economist Intelligence Unit, access to their students and alumni. For a student-centric ranking such as ours, the views of students and alumni are central to our methodology and thus the co-operation of schools in circulating questionnaires is essential. In order to include these schools in the ranking, we have . . . → Continue Reading According to a recent article published by the Daily Pennsylvanian (U.Penn’s newspaper), over 90% of Wharton and Harvard MBA students were surveyed by BusinessWeek for the 2004 rankings – despite both schools’ official decision to withhold student contact information from the magazine. In the article, Jennifer Merritt, BW Department Editor, claimed that the magazine had gathered just as much information as they had in the past from both programs, citing that the ranking process was not affected. Click here to read the article: http://www.dailypennsylvanian.com/vnews/display.v/ART/2004/09/28/41590eef031a9 Click here to read a GMAC interview with Jennifer Merritt about the role of . . . → Continue Reading BusinessWeek has posted the transcripts from the Chicago GSB live chat. Stacy Cole, Deputy Dean of the full-time program, and Heather Briggs, a second year student, were on hand to take questions. Part of the interview is posted for free at the following link: http://www.businessweek.com/bschools/content/oct2004/bs2004104_4336_bs037.htm For the full article, you’ll need access to the MBA Insider, which is not a bad investment (given that the MBA rankings are due out this Thursday). A couple of interesting items of note from the Chicago chat: 1. The school’s current students are upbeat on the recruiting front. Job postings are up 45% this year and the number of on campus recruiters has also increased (by more than a third). 2. If an applicant has a lower . . . → Continue Reading We are now heading into the most critical weeks of ’round 1′ application activity. Here are the key deadlines on the horizon: 1. October 11th (Columbia) (early decision) As you plan out the coming weeks, be sure not to overlook the following items: 1. Application Forms: Do not leave the online application forms for the last minute. These forms require a fair amount of data (as well as the occasional short essay). Filling the application forms out in a clear and concise matter is more important than many applicants imagine. 2. Recommendations: While most candidates understand . . . → Continue Reading Since most of you are spending your evenings and weekends drafting MBA application essays, we wanted to provide a list of quick links to helpful English Grammar and Style web resources. It is crucial that applicants keep in mind the fact that their audience (admissions officers) know a thing or two about writing. Using the tools below will help you to avoid some of the common errors. English Grammar and Style |
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