Admissions Tip: Do Your Homework

While the majority of business schools will not be releasing their essay questions for the coming year until late summer/early fall, there are a number of things that aspiring MBAs can be doing at this point in the summer. One of the most important things an applicant can do in the admissions process is to demonstrate a thorough understanding of and sincere interest in a given program. Rather than limiting yourself to a school’s published marketing materials/web site, it’s quite beneficial to go the extra mile to visit the campus and speak with students, professors and alumni. These discussions often yield inside information about new student clubs, conferences, courses and policies that can be worked into your essays. The blogs of current MBA students that can be found at the League of MBA Bloggers are another great resource.

In addition to enabling you to showcase the depth of your research and make a positive impression on the adcom, this exercise will also allow you to get a feel for the campus culture and determine whether the school in question really is a good fit with your goals and personality. By refining your list of target schools at this early stage of the admissions season, you’ll put yourself in a great position to put together a set of polished applications this fall.

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Article: A Call for Reform

Earlier this week, USC business professors Warren Bennis and James O’Toole published a very controversial article in the Harvard Business Review criticizing the approach to teaching that American business schools have adopted. Here’s a summary of the problem from the article’s abstract:

“Instead of measuring themselves in terms of the competence of their graduates, or by how well their faculty members understand important drivers of business performance, they assess themselves almost solely by the rigor of their scientific research. This scientific model is predicated on the faulty assumption that business is an academic discipline like chemistry or geology when, in fact, business is a profession and business schools are professional schools–or should be.”

Alarmed by the disconnect between the methodology that is taught in the classroom and the practical issues that graduates find themselves facing in the business world upon graduation, Bennis and O’Toole insist that some drastic changes in curriculum will be necessary if business schools are going to maintain their relevance and the attractiveness of their degree-holders to recruiters. In a conversation with Business Week Online reporter Francesca Di Meglio published yesterday, they go into a bit more detail about the specific adjustments that they feel are in order, suggesting extensive field work (in the model of other professional schools), as well as study of the humanities.

These comments are of direct relevance to our readers who are still comtemplating the value of an MBA in terms of their careers and options for the future. The full text of the Business Week dialogue is available here.

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From the Clear Admit Mailbag

As a complement to yesterday’s post offering pointers to those who have been rejected and are gearing up to reapply, we wanted to share some feedback from clients who’ve received more favorable news. Here are a handful of testimonials recently submitted by clients who applied to several top MBA programs using our services:

“No matter how bright you may be, considering the level of competition among candidates for the top MBA programs, educational consulting is definitely a must-have and among educational consulting firms, CLEAR ADMIT is THE best you can choose from. I have been able to compare with other MBA consulting firms; Clear Admit really makes a difference. For my essays, I was literally stunned by the quality and intelligence of the advice I received and had the feeling my chances had just about increased by 400%. The added-value was much bigger and the work was much more effective. I was impressed by their in-depth knowledge and understanding of the admissions process and the do’s and don’ts. If you want to maximise your chances of getting the program you want, Clear Admit is definitely your best option.” Applicant attending INSEAD next year

“Clear Admit has been the key to my success in applying to business school this year. From my first conversation with my consultant, I was able to recognize Clear Admit’s unique and unparalleled experience in understanding what top business schools are looking for and what applicants can do to effectively position themselves for success in this competitive application process. Clear Admit was able to carefully access my profile and give me adequate advice to succeed in writing essays and resumes, and cracking the ever-so-intimidating interviews. I was admitted to Stanford (the school that best matched my interests, career goals, and profile), Wharton, and Columbia. Clear Admit is highly reliable and the team provides quality assistance. I received personalized advice that allowed me to feel confident during the process and to efficiently finish applications under tight deadlines. I will be eternally grateful for the advice I received from Clear Admit team.” Applicant attending Stanford this fall

“When I began the MBA admissions process, I was very unfamiliar with the do’s and don’ts of business school applications and had an unconventional background that needed explaining. I felt like I didn’t have a chance and almost gave up before I even began. Luckily, I called Clear Admit for a second opinion. In the end, I gained acceptance to five of the seven top ten schools to which I applied, including my target school. In hindsight, there is no doubt in my mind that Clear Admit’s coaching made the difference in my applications and helped me gain acceptance to schools that would otherwise have been out of my reach.” Applicant attending Kellogg this fall

It’s never too early to begin planning for your business school applications. Send your CV to info@clearadmit.com for a free initial assessment of your candidacy.

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Admissions Tip: Round 3 Results

With last week’s release of Wharton and Chicago’s decisions for round three applicants, the 2004-2005 admissions season has come to a close for the vast majority of MBA aspirants. We’d like to offer our congratulations to all those who have gained admission to one of more of their target schools, and wish good luck to waitlisted applicants whose fate is presently a bit less certain. For all those who submitted their applications in the final round and received an unfavorable decision, we’d like to share a few tips that we hope will make the process of facing rejection as productive as possible:

1) Understand the odds and consider reapplying in the early rounds next year.If you failed to gain admission to a school in its final application round, you should not give up hope or instantly assume that your profile contains some glaring weakness that will forever bar you from acceptance. Because relatively few spots in the incoming class are available by the time of the Round 3 deadlines, it is always most difficult to get into a school at this point in the year. In many cases, an earlier application is all that you need to find success in the process.

2) Get feedback from the admissions committee. Many of the top programs allow unsuccessful applicants to sign up for a feedback session with an admissions officer (sessions typically take place over the summer). This is a unique chance for you to learn how the committee perceived your application. Keep in mind that your audience with the adcom will be brief – try to approach the meeting with pointed questions about your candidacy in order to ensure that the feedback session is as productive and informative as possible.

3) Get feedback from other sources. Although a number of schools do not offer feedback, there are other ways to learn about where you may have fallen short. For starters, you should read over your file with a critical eye and try to identify and understand your weaknesses. Take a step back from the process and be objective about your shortcomings. You might also share your file with colleagues who have been to business school. While this can be enlightening, you should also be careful about the feedback you collect on these fronts, since not all of it will be accurate (or consistent). Finally, you might seek feedback from an MBA admissions consulting firm. Clear Admit offers complete feedback sessions, including detailed written reports that construct an individualized road-map for reapplication.

4) Plan for a productive summer.Although it’s tempting to simply take a break from the admissions process after receiving a rejection letter, it is imperative that reapplicants use the summer months to address the weaknesses in their profiles. In many cases, reapplicants need to pursue outside coursework, retake a standardized test (GMAT/TOEFL), increase involvement with outside activities or take on new responsibilities at work. All of these tasks take time and cannot be addressed in the fall when application forms . . . → Continue Reading

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Articles: Culture Shock

In an interesting complement to last week’s comments about increased recruiting at MBA programs and improved job prospects in the for-profit arena, an article has recently come out describing increased interest in the nonprofit sector among business school students. Focusing to an extent on students at ESADE, which offers a specialty public sector degree, the article describes not only the reasons behind students’ interest in making a shift, but also the culture shock that could potentially result from moving into a nonprofit organization after years of for-profit experience. The full text of the article is available here.

In other news, The Kellogg School of Management announced this weekend that it has received approval from the state of Florida to launch an Executive MBA program in Miami and will soon begin recruiting for its inaugural class, which will start classes this coming January. While the Chicago GSB newsletter’s recent April Fool’s article about the merits of moving its campus to South Beach focused on the pleasant weather and attractive locals, the Kellogg school is instead positioning itself to take advantage of increased opportunities in Latin America. Executives who are interested in advancing their education with a unique focus on this promising region will definitely want to read about the offerings and structure of Kellogg’s planned program. Detailed information is available at: http://www.kellogg.northwestern.edu/emba/programs/miami.htm

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Article: Brightening Job Prospects

The Boston Business Journal published an article last week reporting a dramatic improvement in job prospects for MBA graduates in the area. Area business schools have reported an increase in both the number of firms actively recruiting their graduates as well as job offers being made. This trend applies not only to top ranked institutions in the Boston area such as Harvard and MIT, but also to MBA programs offered by local schools. This upturn is certainly great news for students currently enrolled in business school, and should also be encouraging for those planning on applying in the coming months.

The full text of the article can be found here: http://www.bizjournals.com/boston/stories/2005/05/16/story2.html

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Best of Blogging 2004-05

After much anticipation, the Clear Admit team is pleased to announce the results of our first ever Best of Blogging ranking! For those of you who are tuning in a bit late, the twofold aim of this ranking is to highlight the best MBA applicant blogs from the Class of 2007 and to identify valuable sources of information for the next wave of applicants.

We’ve arrived at these results after careful in-house evaluation of the eligible blogs and consideration of input from the nominated bloggers and celebrity judges Alex Brown, Brad Garrison (a.k.a. Hella) and Mica (Schneider) Bevington. Below is the listing of the top ten blogs overall that we’ve compiled based on this feedback, as well as the winners in a handful of more specific categories.

Top 10 1. PowerYogi – http://poweryogi.blogspot.com/ 2. Brit-Chick – http://brit-chickmba.blogspot.com/ 3. bskewl – http://bskewl.blogspot.com/ 4. WakeChick – http://wakechick.blogspot.com/ 5. Dave – http://daveformba.blogspot.com/ 6. IceMan07 – http://iceman07.blogspot.com/ 7. iwhoElse – http://driftinglife.blogspot.com/ 8. Atta Girl – http://attagirlmusings.blogspot.com/ 9. Aregon23 – http://aregon23.blogspot.com/ 10. Classy – http://classynfun.blogspot.com/

Best Written Power Yogi

Best Links/Layout Dave

Most Informative Brit-Chick

Funniest bskewl

Best GMAT Preparation Advice Bloghorn8

Best School Selection Advice Brit-Chick

Best Essay Advice Brit-Chick

Best Interview Preparation Advice Aregon23 Best Single Post (Tie) MBA Boy – Megami vs. bskewl PowerYogi – Businessweak: The Power Issue

Congratulations to everyone whose blog has been recognized here, and thanks for your valuable contribution to the space! We’d also like to thank everyone who participated in the ranking process – we really could not have done this without the help of our expert guest panelists and the blogging community at large. We plan to make this ranking an annual event, and look forward to great things from the Class of 2008 and beyond.

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Celebrity Judges!

In addition to our in-house votes and the peer-review ballots collected from the nominated bloggers, two celebrity judges have helped the Clear Admit staff with this year’s Best of Blogging rankings (due out tomorrow).

For those of you keeping score, here’s the biographical information on the two external judges:

Alex Brown Alex served on the Wharton MBA Admissions Committee for seven years (most recently as the Senior Associate Director of Admissions), introduced the first blog launched by an MBA admissions office, and is known in the MBA and blogging communities for his unwavering dedication to the use of technology in b-school admissions. Alex also helped launch Wharton’s discussion forums (student-2-student) and student diaries, and participates regularly in GMAC training for colleagues in the broader MBA admissions community.

Mica (Schneider) Bevington After graduating cum laude from George Washington University with a degree in journalism, Mica spent over 7 years working as a journalist and editor for Business Week – focusing her efforts on the MBA rankings, and all things related to business school. Many of our readers know Mica from her role as one of the moderators in the BW Discussion Forums, as well as the host for countless online chats with MBA Admissions Directors over the years. Mica was also instrumental in helping Business Week launch their MBA Insider service and has consistently been keen to embrace new technology in the field of b-school journalism.

Stay tuned for the 2004-05 Best of Blogging results tomorrow! Thanks to everyone who has participated in this process.

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Best of Blogging Countdown

Just two days until the release of our Best of Blogging 2004-2005 rankings!

At present, we’re busily reviewing the ballots that have come in from the nominated bloggers. We’ll be combining this peer-rankings data with the ballots from the Clear Admit admissions counselors in order to determine the top 10 MBA applicant blogs as well as a handful of winners in several sub-categories. Results will be published Wednesday morning.

For a list of the nominees and ranking categories, click here: http://www.clearadmit.com/2005/05/coming-soon-best-of-blogging-2004-05.html

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GMAT Strategy Series

On April 17th, Clear Admit’s Graham Richmond was a special guest for one of Manhattan GMAT‘s free online seminars. During the seminar, Richmond (a Wharton MBA graduate and former Wharton admissions counselor) answered questions about the overall role of the test in the MBA admissions process. Topics covered included the impact of retaking the exam, the treatment of cancellations, the relationship between one’s GPA and GMAT results and much more.

Transcripts from the seminar are currently available free of charge. Just sign up for the GMATTERS series offered by Manhattan GMAT and you will receive them as a multi-part strategy newsletter.

Sign up here: http://www.manhattangmat.com/newslettersignup.cfm

In the meantime, here’s a brief excerpt from the transcripts of the seminar:

Manhattan GMAT: Why do business schools require applicants to take the GMAT?

Graham Richmond (Clear Admit): For a variety of reasons. First, they see it as a measure of certain specific math and verbal skills. Second, they see it as a measure of your ability to think under pressure – the exam is timed. Third, it allows them to compare the academic preparation of people from very different backgrounds. A high GPA from one college, for example, may not represent the same level of achievement as a high GPA from another – so the GMAT allows business schools to level the playing field, so to speak. Finally, it is important to remember that business schools are evaluated in several areas for the purposes of accreditation and published MBA rankings. As such, the schools do have an additional incentive to require candidates to take the test (and to ideally accept students who perform well on the exam).

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Columbia Dean to Fed?

Yesterday’s Harvard Crimson published an interesting article on R. Glenn Hubbard, the current dean at Columbia Business School. Hubbard is rumored to be one of three candidates on the short-list to replace Alan Greenspan as Federal Reserve Chairman in January of 2006.

This news is no surprise to those familiar with Hubbard’s resume; in addition to holding a Ph.D in economics from Harvard, he served as the Chairman of the President’s Council of Economic Advisors from 2001-2003 and has held several other roles in Washington DC.

Of course, it may not be great news for Columbia, given that Hubbard only took on the role of Dean in 2004 and has yet to build the sort of legacy that Meyer Feldberg forged while serving from 1989-2004.

For the full text of the article: http://www.thecrimson.com/today/article507711.html

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In the News

There are a number of interesting articles we’d like to highlight with today’s posting.

Business Week has published two stories of note. The first relates to study abroad and international consulting offerings within leading MBA programs. The author stresses the importance of these offerings in an increasingly global economy and highlights several great initiatives, but cautions that in the race to be international, some schools appear to have introduced programs that aren’t linked to academic coursework and feel more like fluff than substance. Getting Serious About Studying Abroad: http://www.businessweek.com/bschools/content/may2005/bs20050510_0221_bs001.htm

In another article, Francesca Di Meglio discusses the recent dean hirings at Washington University, Yale SOM and American University. The thesis in this article is that schools may be veering back towards the scholarly world in selecting academics for these posts instead of corporate leaders – due to the scandals that have plagued the business world of late. B-School Deans: Back to Basics: http://www.businessweek.com/bschools/content/may2005/bs2005056_2259_bs001.htm

For more on this topic, check out the Yale discussion in the BW Forums: http://forums.businessweek.com/bw-bschools/messages?msg=63669.1

Finally, the Wall Street Journal has published the MBA student rankings of favorite employers. While the ranking itself is only of limited interest – the usual banking and consulting suspects dominate – there are some interesting statistics and quotes about male vs. female salaries as well as work/life balance. MBA Students Rank Top Employers: http://www.collegejournal.com/mbacenter/mbatrack/20050510-alsop.html?refresh=on

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Marketing 100

The latest issue of the Wharton Alumni Magazine has an excellent article on the history of marketing at Wharton, focusing on how the school’s unique approach to the discipline has revolutionized the way many businesses assess their marketing efforts.

For those of you looking at top marketing programs like Kellogg, Wharton and U. Michigan, this is a must read! Here’s an excerpt:

Marketing 100 By Nancy Moffitt

Frito Lay had a slew of popular munchies, from Doritos to Sun Chips, and lots of clever, award-winning television ads to peddle them. But the company had an all-too-common problem: it didn’t really know when or if the ads were working.

“When I would talk about this problem to marketing experts, they would tell me that advertising was an aesthetic kind of a field, that it was like philosophy or religion or art,” said Dwight R. Riskey, senior vice president of marketing at Pepsico, Frito Lay’s parent company. “They would tell me that you couldn’t apply the tools of science to measure the effect of advertising. And that is a really interesting approach to something we were spending hundreds of millions of dollars on. It was massively frustrating to me.”

All that changed in the mid-1990s, when Riskey met and began working with Wharton marketing professor Leonard Lodish. In a landmark study called “How TV Advertising Works,” Lodish led a consortium of major consumer packaged goods manufacturers, leading advertising agencies, and the major TV networks in the first comprehensive analysis of long-term advertising effects – research that forever changed the way companies like Frito Lay manage their advertising.

Not only did the research reveal that nearly half of Frito Lay’s ads were ineffective, it also debunked long-held nostrums about television advertising, giving Frito Lay the tools to create guiding principles for managing TV advertising and setting priorities for ad campaigns.

“It was really significant for our company because the most common question any person in the field of consumer insights/market research gets is how advertising works,” said Riskey. “And literally up until this time period, I don’t think we had anything close to adequate answers. Let’s say a company like Frito Lay might spend $100 million on advertising a year. If you follow the principles of Len’s work and my work here, theoretically you could reduce waste by 75 percent, 90 percent, at least 50 percent. Even at 50 percent, that’s huge money. That’s pretty exciting.”

The American Marketing Association agreed. In 1996, Lodish’s research, published in the Journal of Marketing Research, won the AMA’s Paul E. Green award for the article most likely to affect marketing practice. In 2000, the same article was awarded the Odell award for the journal article with the most impact after five years, and was also judged the best article after five years by the American Marketing Association’s Advertising Special Interest Group.

For the full text of the article: http://www.wharton.upenn.edu/alum_mag/issues/spring2005/feature_2.html

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Coming Soon: Best of Blogging 2004-05!

On Wednesday, May 18th, this blog will publish our 2004-2005 “Best of Blogging” ranking – an assessment of the blogs authored by MBA applicants who documented the 2004-2005 admissions process. In compiling this ranking, we have the twofold aim of recognizing the cream of this year’s crop and identifying valuable sources of information for the next wave of applicants.

Narrowing the Field Although we identified nearly 70 blogs that could have been eligible for our rankings process, the entries we’ve opted to consider each met requirements for the relevance and frequency of posts, as well as overall quality of posting and contribution to the space (see the listing of eligible blogs below). We’ll be compiling a ranking of the top ten blogs in the coming week, as well as singling out the very best in a few narrower categories.

Listing of the nominated blogs: Aregon23 – http://aregon23.blogspot.com/ Atta Girl – http://attagirlmusings.blogspot.com/ Bloghorn8 – http://bloghorn8.blogspot.com/ Brit-Chick – http://brit-chickmba.blogspot.com/ bskewl – http://bskewl.blogspot.com/ Cal Grad – http://calgradmba.blogspot.com/ Classy – http://classynfun.blogspot.com/ Dave – http://daveformba.blogspot.com/ Dirty Canuck – http://the-dirty-canuck.blogspot.com/ Dirty_Martini – http://dirty_martini.blogspot.com/ Divine Miss N – http://thedivinemissn.blogspot.com/ droodoggie – http://droodoggie.blogspot.com/ IceMan07 – http://iceman07.blogspot.com/ iwhoElse – http://driftinglife.blogspot.com/ J.B. – http://flatpointmba.blogspot.com/ JDiddy – http://daysofwhineandneurosis.blogspot.com/ majalo – http://majalo.blogspot.com/ MargaritaLuvr – http://margaritaluvr.blogspot.com/ MarketWizWannabe – http://mktstudent.blogspot.com/ MBA Boy – http://businessboy.blogspot.com/ MBA Europe – http://mbaeurope.blogspot.com/ Metal – http://metalrulz.blogspot.com/ PowerYogi – http://poweryogi.blogspot.com/ Raver LA – http://daraverla.blogspot.com/ Redwolf056 – http://redwolf056.blogspot.com/ Simba – http://www.simba.pagalguy.com/ Swoop – http://lfmcandidate.blogspot.com/ Tiy – http://tiygoddard.blogspot.com/ Vold – http://vold1978.blogspot.com/ WakeChick – http://wakechick.blogspot.com/

Categories: -Best Written Blog -Best Links/Layout -Most Informative Blog -Funniest Blog -Best GMAT Preparation Advice -Best School Selection Advice -Best Essay Advice -Best Interview Advice -Best Single Post

One important factor in making our decisions will be the input of the nominated bloggers themselves. Because we highly value their perspective as members of the online community, all of the eligible bloggers on this list above will be sent a ballot to vote on their peers.

Remember to check back on May 18th for the Best of Blogging results!

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