GMAT Exam Test-Taking Volume Abroad Surpasses United States

The Graduate Management Admission Test (GMAT), the entrance exam required of prospective applicants by the majority of MBA programs throughout the world, is now more popular among international applicants than it is among U.S. students, according to a recent report in the Financial Times.

Several countries have seen strong growth in terms of GMAT registration volume, including China, Germany, Canada, Switzerland and the United Kingdom, according to the Graduate Management Admissions Council, which owns and administers the GMAT. “What we are seeing is incredible,” GMAC President Dave Wilson told the FT.

But Wilson also acknowledged that test-taking volume has dropped in some other markets.  In India, test-taking volume has fallen by 28 percent, and in South Korea, by 30 percent. Wilson attributes this drop off to currency fluctuations that have hit these countries particularly hard, leading students to consider options more affordable than traditional two-year U.S. MBA programs. Or they are dissuaded by the cost of business school from going at all, he added.

Still, the growth of the test’s popularity in other countries was strong enough that for the first time ever, non-U.S. test takers accounted for a majority – 51 percent – of the total test-taking population for the period between January 1 and June 30, 2009.

Overall, the number of GMAT test-takers continues to climb steadily. Between June 2008 and June 2009, the total number of test-takers was 265,613, representing a 7 percent increase over the year before. According to Wilson, one of the biggest areas of growth has been among younger students. “The dramatic growth is in 21- to 22-year old text-takers,” Wilson told the FT.

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Trivia Tuesday: Health Sector Management at Fuqua

It’s time once again for Trivia Tuesday, our regular exploration of the special programs and opportunities that differentiate the leading business schools. This week we take a peek into the Clear Admit School Guide to Fuqua, and share an excerpt on Fuqua’s Health Sector Management program.

“Duke University began offering healthcare education in 1930 alongside the opening of the Duke Hospital. In the more than three-quarters of a century since then, the Health Sector Management program (HSM) has evolved into one of the preeminent healthcare management education programs in the nation, alongside Wharton’s Health Care Systems major.  After moving first-year HSM courses to the business school in 1986, the HSM program became fully integrated into Fuqua in 1991. Today, the HSM program enrolls as much as one-fifth of each Daytime MBA class, making it the largest healthcare program affiliated with a leading business school.

Fuqua’s affiliation with Duke University and its location in the North Carolina Research Triangle area are major contributors to the strength of the HSM program. The Duke University Medical Center and Health System is a leader in biomedical research, education, and healthcare delivery, while the Research Triangle is home to approximately three dozen leading biotechnology, healthcare and pharmaceutical organizations, including well-known names such as GlaxoKlineSmith, Biogen, Novartis, Paradigm Genetics and Eli Lilly. The HSM program’s relationships with these and other area companies helps to keep students and faculty strongly connected to the rapidly changing healthcare industry while providing companies with inside access to a significant talent pool.

Students enter the HSM program from a variety of backgrounds, though most tend to have experience in biotechnology, pharmaceuticals, research and development, provider systems or consulting. Though the program does not require prior health sector experience, it does look for a strong commitment to the healthcare field among all student participants.”

To continue reading about Fuqua’s Health Sector Management program, and to find out about the HSM application process, the HSM-specific curriculum, experiential opportunities offered within this program, and the course map HSM students follow, take a look at the Clear Admit School Guide to Fuqua.  All 18 Clear Admit School Guides are available for immediate purchase and download on the Clear Admit School shop.

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BusinessWeek Taps Clear Admit Co-Founder to Advise International MBA Applicants

Citing tough times for international applicants to U.S. MBA programs – amid stricter loan requirements and reduced availability of student and post-MBA employment visas – BusinessWeek recently turned to Clear Admit co-founder Graham Richmond to sort out the situation and advise applicants on how best to navigate it.

BW hosted a live chat between Richmond and its business school reporter, Francesca Di Meglio, last week and subsequently published a transcript of the conversation. “The good news is that today’s news is much more positive than the headlines of this winter for loans, student visas and post-MBA employment visas,” Richmond offered as introduction.

He went on to field a range of questions from prospective applicants participating in the online chat as well as from BW’s Di Meglio. The questions touched on the issues of scholarships available to international students at top schools, company policies regarding H1-B visas, how top schools have responded to the cancellation of no-cosigner loan programs for international students and more.

Regarding student loans, Richmond explained how the global economic crisis caused the collapse of many existing no-cosigner loan programs (Sallie Mae, CitiAssist) that had previously been available to admitted international students, leaving many eligible to borrow less money or requiring that they obtain a U.S. co-signer to do so. Fortunately, as Richmond pointed out, many leading programs have since been able to secure new no-cosigner options for their international students. (For more information, consult Clear Admit’s International Student Loan Scorecard, a comprehensive listing of what the leading schools have on offer and how it has changed.)

Regarding H1-B visas, Richmond explained how TARP funds distributed by the U.S. government to leading MBA employers like Goldman Sachs, J.P. Morgan, Citi and Bank of America led to restrictions on their hiring of internationals. In the case of Bank of America, some internationals even had their offers rescinded. But as Richmond went on to explain, many firms returned TARP funds to the U.S. government this spring, lifting restrictions on international hiring. Furthermore, because firms hired fewer employees overall in the past cycle, the demand for H1-B visas actually fell, making it easier for employers to get working papers for the international applicants it did hire.

In general, the greatest challenge facing MBA applicants, international or otherwise, is the economy, Richmond told BW’s Di Meglio. “There are simply fewer jobs to be had and many more qualified people on the market than in past years,” he said.

For international students in particular, the biggest challenge remains gaining admission to a top-tier program, he continued. “Despite the downturn and the fact that there were fewer internationals applying this past year, there remain many more international applicants than there are spaces,” he said. This fact makes it vitally important for international applicants to fully understand the U.S. admissions process, he added.

To read the full transcript of Richmond’s online chat with BW, click here.

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Cornell / Johnson Deadlines 2009-2010

The Cornell / Johnson deadlines have been released! The deadlines are as follows:

Round 1
Deadline: October 6, 2009
Notification: December 17, 2009

Round 2
Deadline: November 12, 2009
Notification: February 16, 2010

Round 3
Deadline: January 12, 2010
Notification: March 23, 2010

Round 4
Deadline: March 30, 2010
Notification: May 6, 2010

International applicants should note that they are encouraged to apply by the Round 3 deadline. To view the Cornell / Johnson essay topic analysis for this year’s essays, click here.

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Admissions Tip: The Optional Essay

We realize that the questions of whether to answer an optional essay and, if so, what to say are ones that loom large for many b-school applicants at this time of year. While we’ve been offering a great deal of school-specific essay advice over the past few months, we wanted to take some time to suggest a few considerations that applicants might want to take into account when making this call.

Is it relevant?
Perhaps this goes without saying, but the only information worth sharing in an optional essay is that which will make a material difference in your candidacy. Whether you wish to comment on an exciting leadership role you’ve just taken on or explain that you were overextended extracurricularly during that one bad semester in college, make sure to think carefully about whether this information will affect and enhance the reader’s perception of your business school candidacy.

Was it requested?
Most schools do request that applicants use an optional essay to address certain issues, such as a failing grade in a degree program or the absence of a letter of recommendation from one’s current direct supervisor. In spite of the technically optional nature of the question, it’s very important to follow directions and provide this information if a school requests it.

Also along the lines of what information is requested, it’s wise to think carefully about a school’s other essay questions before deciding to use an optional essay or provide additional information, as each of these topics affords applicants a chance to introduce the information about their background and interests that they consider to be most important. Your objective should be to provide as complete a picture of your candidacy as possible within the framework of a school’s required essays (as these are a good indication of what a given program is most interested in hearing about) and to only introduce information in an optional essay that you could not have covered elsewhere without sacrificing something more essential.

Is it constructive?
Once you’ve decided that a detail is relevant to your candidacy and merits mentioning in an optional essay, the next step is to think carefully about the way this information might be perceived and make sure that the impact it makes on your chances of admission is a positive one. For instance, an essay that simply alerts the adcom to a serious medical condition might help its author stand out from other applicants, but could also leave the reader wondering whether this person could handle the demands of a rigorous academic program. On the other hand, a few details about this applicant’s strategies for achieving success in spite of some kind of disability and commitment to supporting others with a chronic illness or impairment might make him or her seem like a very valuable addition to the business school community.

Is it concise?
It’s always a good idea to keep in mind that by answering an optional essay, you are creating extra work for the person reading your file. While this should not dissuade you from addressing a topic that you have deemed important based on the considerations above, it’s very important that you demonstrate good judgment by limiting your comments to the most relevant information and keeping your response as direct and concise as possible.

We hope that these general guidelines have helped to clear up some confusion and shed some light on the optional essay issue. For more tailored feedback on your personal situation, feel free to send your resume or CV to info@clearadmit.com for a free initial consultation.

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Google's Head of People Operations Welcomes Yale SOM Class of 2011

The 223 new members of the Yale School of Management class of 2011 have arrived on campus, and alumnus Laszlo Bock (MBA ’99), the vice president of people operations for Google, helped welcome them by describing his own career path and what he looks for as part of evaluating up to 7,000 resumes a day for the Silicon Valley search-engine giant.

“Twelve years ago, I was in your seat,” he said as means of introduction. “Having checked this, on average you are more experienced, more accomplished, with better grades, and better tests scores, but in every other way we are exactly alike,” he continued, drawing a laugh from the crowd.

According to Bock, his first year at SOM was a humbling one that served to teach him the value of learning to adapt to challenges and changing situations. He originally came to SOM as a means of getting out of human resources work, which he viewed as a dead end. But a few years after graduating, after a stint at McKinsey, he found himself diving right back in to the field. This time, though, he was able to use the new skills he’d learned as part of his MBA to redefine his HR role as one more central to company management.

Indeed, he today leads Google’s mission-critical effort to remain one of the most desirable and innovative workplaces in the world. It may sound like a dream job, but Bock warned the incoming SOM class that no such job exists. Instead, he advised students to find meaning in the bigger picture of their careers.

“The beautiful thing about Google is how closely the values of the company align with my own,” he said. For example, one of the most frequently asked questions he hears at the highest levels of the company is, “What is the ethical thing to do?” That’s an approach, he added, that resonates with his experience as an MBA student at SOM.

For more information about Bock, view video of him on the Yale SOM Portrait 2009-2010 website, or click here to read his alumni profile.

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Fridays From The Frontline

Hi there, and welcome to another edition of Fridays From The Frontline, Clear Admit’s faithful filing of the the goings-on of the MBA blogosphere. This week was a little on the quiet side for current students. We assume that they are either overwhelmed by orientation, or soaking up the last few days of relative calm before fall courses pick back up. The pool of aspirants, on the other hand, were typing up a storm on subjects ranging from their exam preparations  to their feelings about different essay prompts.

Steve took a practice test and rewound his weekend. Xlick found that he had an inaccurate ‘bloggleganger’ (that’s a made up word for a doppleganger found in the blogosphere). Bizwiz was on his way to Glacier State Park and provided a few more beautiful photographs of his experience driving around the west coast. AJ was offered a job but wondered about the art of salary negotiation. Ardentmeerkat started her Kellogg essays and felt the pressure to get her recommendations in order.  Hari was on his sixth set of essays and provided a few book recommendations he feels are imperative to the b-school application process. OneFreshKid had about a week remaining before taking the GMAT. RockyBalboa felt that the Wharton essay topics were ‘superb.’

A few returning ‘second years’ posted over the last week, touching on a variety of topics. INSEAD ’09 MBAMRS outlined a few reasons why INSEAD alumni are rockstars. McCombs ’10 Paragon2Pieces made delicious mini lemon cheescakesLBS ’10 OutOnALimb shared a few pointers on how to live like a Morlock. Darden ’10 Mechanigal was back in the States and taken aback by the silence after a few months in India.

Incoming first-years seemed to be settling into their new school routines with enthusiasm. Kellogg ’11 Mike recapped his first week in Evanston, which included student IDs and happy hours. BU ’11 Felish also shared a few thoughts about her first day of school. Kellogg ’11 Orlando recorded his guitar stylings for his readers. Kellogg ’11 D.G. arrived in the states and found the adjustment process to be more and less difficult than he expectedINSEAD ’10 BSApplicant finished his scholarship essays and felt worn out.

And that’s all the news for this week’s rigorous round-up of those in the MBA blogosphere. We wish all the new b-school arrivals luck in their opening weeks of school, and hope they will continue to share their experiences for the larger applicant community! Until next week, have a great weekend!

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London Business School President Steps Down

Not too many months ago we reported here that London Business School had appointed Robin Buchanan as its new president as part of a reshuffling of responsibilities at the school. Buchanan assumed the president’s role when Sir Andrew Likierman, professor of management practice in accounting, replaced him as the school’s dean. Earlier this week, the Financial Times reported that Buchanan has now stepped down as president, leaving the future of that role at the school unclear.

Before shifting to president in January of this year, Buchanan had served as dean at LBS for barely 16 months. Coming to LBS from management consulting firm Bain and Co., where he had worked for almost 25 years, he was only the second non-academic to hold the post, according to the FT report.

Likierman had served as acting LBS dean prior to Buchanan’s appointment and as the founder director of the executive MBA programme. “He was a popular choice to take over the dean’s job with both faculty and staff when Mr Buchanan moved into the newly-created role of president,” according to the FT

Quoting an LBS spokesperson, the FT reported that the school plans to consider the future role of president, which was created just over seven months ago, over the course of the next few months.

To learn more, click here.

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Participate in Clear Admit's Free MBA Admissions Strategy Webinar!

Next  Tuesday, August 25th, join Clear Admit as we host another of our popular and free webinars focused on business school application strategy. Attendees can join us online as we discuss key topics in business school admissions including what MBA programs look for in candidates, the relative importance of the application components and compensating for weaknesses in your application. Participants will also have the opportunity to have questions answered by Clear Admit’s knowledgeable admissions counselors.

The webinar has a limited number of spaces, so make sure to reserve your spot early!

If interested, please send an email to seminar@clearadmit.com. Space is limited and will be awarded on a first-come, first-served basis, so secure your spot early. The webinar will be held at 7 p.m. EST and will run until 8 p.m.

Email us now to participate in this valuable and informative webinar! We will notify you if you have successfully secured a spot.

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Michigan / Ross Essay Topic Analysis 2009-2010

Michigan/Ross’s essay topics remain unchanged this year.  The school again requires applicants to complete the standard “career goals,” “significant accomplishment” and “challenging time” essays, as well as the slight off-the-beaten-path essay asking candidates to describe the profession they would pursue were they not striving to receive an MBA.  Here are some tips to consider when tackling each of these topics.

Essay 1: Briefly describe your short-term and long-term career goals.  Why is an MBA the best choice for you at this point in your career?  What and/or who influenced your decision to apply to Ross?
This is a variation of the typical Career Goals Essay.  For Ross’s essay of only 500 words, applicants are not explicitly asked to describe their careers to date.  Instead, applicants might consider ways in which their work histories have led them towards pursuing an MBA at this time.  In the 2006-2007 application season, the wording of this essay question gave applicants a helpful clue about how Ross’s adcom characterizes its school’s program.  Though this hint does not appear in this year’s question, “action-based learning” remains a distinguishing element of the Ross education.  This essay provides a great chance for applicants to demonstrate their understanding of this school’s unique approach, and doing so effectively will make a positive impact on the adcom.  In specifically asking “What and/or who influenced your decision to apply to Ross,” the essay also invites applicants to highlight any notable business relationships they may have.  This is a good opportunity for candidates to illustrate their interpersonal skills and capabilities as both a leader and a team member.

As is the case with most schools, demonstrating an understanding of the unique merits of Michigan’s program is crucial to an effective response to this question.  Taking the time to learn about this school’s curriculum, special programs and extracurricular activities—whether through a visit to campus, conversation with alumni or reading the Clear Admit School Guide to Ross—will pay dividends here.

Essay 2: Describe your most significant professional accomplishment.  Elaborate on the leadership skills you displayed, the actions you took and the impact you had on your organization.
Applicants debating how to answer this question should think about several key elements of their professional accomplishments, identifying which of the projects demonstrate the most impressive aspects.  Essay writers might examine the scope of their leadership responsibilities, the degree of innovation they brought to the project, the knack for strategic analysis that they demonstrated or the revenue they generated for an organization, to name a few.  In addition, one should evaluate how relevant the accomplishment was to his or her current work and future goals.  Remember that specific anecdotes will make a stronger impression on the reader than generalizations, and that an account of the steps you took which led to your accomplishment is just as interesting as the results.

Essay 3: If you were not pursuing the career goals you described in Question 1, what profession would you pursue instead? (for example, teacher, musical, athlete, architect, etc.)   How will this alternate interest contribute to your effectiveness in solving multi-disciplinary problems?
One could approach this question from two different angels.  An applicant might describe an alternative career that is closely related to the one he or she identified in Essay 1, but devoting this essay to more of a “fantasy” career is another great option.  While some applicants may be in a position to debate two very similar career paths in an interesting way (while still coming across as fully committed to the goals put forth in Essay 1), for most applicants the second of these two options will be the more effective approach.

Taking the first cue from the examples Ross provides in the parentheses, it seems as though the admissions committee is interested in applicants’ passions, whether they are creative, idealistic, etc.  Following this line of reasoning, this is a great opportunity for applicants to discuss their extracurricular activities while still communicating their professional strengths.  An investment banker who signs in a choir might make a great band manager in another life; an IT consultant who dreams of opening her own restaurant could let the adcom that she founded a culinary club as an undergraduate and plans to do the same at Ross.

Essay 4: Describe your experience during a challenging time in your life.  Explain how you grew personally, either despite this challenge or because of it.
Applicants can answer this question with a story about a challenging episode in either their personal or professional lives.  The choice between these two options depends largely on Essay 3; if that essay focuses on a personal interest, Essay 4 could round out the application by delving into a professional experience, and vice versa.

Whether the story is personal or professional, the major themes of growth and learning remain the same.  After describing the initial challenge in detail, the applicant should comment on both his or her thoughts and actions in response.  It’s very important to present both one’s internal and external reactions in creating a full picture for the adcom.  This could be a story about recognizing a professional opportunity and struggling to bring others on board, or the challenge of leading a dissonant team.  For those who are more inclined to tell a personal story, remember that no matter what the topic, the goal is to demonstrate one’s maturity and sincere interest in improvement.

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NYU / Stern Deadlines 2009-2010

Following up on the earlier release of its Round 1 deadline, NYU/Stern has announced its three deadlines for the upcoming admissions season. The deadlines are below:

Round 1
Deadline: November 15, 2009
Notification: February 15, 2010

Round 2
Deadline: January 15, 2010
Notification: April 1, 2010

Round 3
Deadline: March 15, 2010
Notification: June 1, 2010

For an analysis of the NYU/Stern essay topics, click here.

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NYU Stern School of Business to Begin Accepting GRE Scores

New York University Stern School of Business this week announced that it will begin accepting Graduate Record Exam (GRE) scores from applicants to its full-time and part-time MBA programs for fall 2010 admission. NYU Stern joins a growing number of top business schools – including Harvard, MIT Sloan and Stanford – that now accept either GRE or Graduate Management Admissions Test (GMAT) scores from prospective applicants.

Like these other schools, NYU Stern has extended the entrance exam options it gives prospective applicants to include the GRE in an effort to attract a wider applicant pool.

“This move ensures that our business education is even more accessible to high quality applicants from all professional backgrounds, all around the world,” Anika Davis Pratt, assistant dean of MBA Admissions, said in a statement. “Now applicants weighing post-graduate program options won’t need to study for and take an additional exam, should they choose business school as their next step,” she continued.

NYU Stern boasts one of the highest percentages of women MBA students and underrepresented minorities among top business schools, 39 percent and 14 percent respectively for the 2009 admitted full-time class. “Accepting GRE test scores is a natural step for us,” Pratt explained, to build on this commitment to diversity.

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The Feeling Is Optional?

Do You Plan on Writing an Optional Essay?

  • Maybe, I haven't decided whether it would be beneficial to my application. (17%)
  • No, I don't have extenuating circumstances and I don't want to overload the adcom with too much material. (20%)
  • No, I have things in my background that aren't perfect, but why bring attention to them? (9%)
  • Yes, I don't have any extenuating circumstances, but the optional essay is the best place to provide more information about myself. Why let the space go to waste? (26%)
  • Yes, I have extenuating circumstances (low GMAT, uneven GPA, problems in my work history) that I would like to address. (28%)
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Clear Admit’s Stacey Oyler Offers Unique Insider Perspective of Dartmouth’s Tuck School of Business

Clear Admit’s admissions counselors bring first-hand knowledge of many of the nation’s top business schools, with several of our staff having attended and/or worked in the admissions departments at institutions such as the Wharton School, Columbia Business School and Stanford Graduate School of Business. 

Stacey Oyler, who joined the Clear Admit team in 2008, brings a unique perspective on Dartmouth’s Tuck School of Business. Oyler worked in the admissions department at Tuck for two years while her husband obtained his MBA there and later returned regularly while working as consulting firm McKinsey’s Tuck recruiter. In her admissions consulting work today with prospective Tuck applicants, she shares her unique perspective of the school through the lenses of Tuck partner, admissions officer and recruiter.

When her husband enrolled in the Tuck MBA program in 2003, Oyler, who had worked in recruiting, took a job with the school’s admissions department. “It was a logical job for me given my background,” she says. As assistant admissions director, she read applications, conducted interviews, travelled the globe giving presentations, sat on the admissions committee and managed the waitlist.

As the spouse of a Tuck student, she also became a member of the strong and active community of Tuck partners. “The married and partner demographic is a big part of the dynamic at Tuck,” Oyler explains, adding that of the class of 2006, nearly 50 percent were partnered and 50 percent of those had children.

Having experienced Tuck in these distinct roles helps Oyler in her work today with prospective applicants to the New Hampshire school. “I was not only a member of the admissions office but also of the community,” she says. “I have insider knowledge about the things that make the school special and draw a certain kind of student.”

After her husband graduated in 2005, they moved to Boston, and Oyler took a job as the Tuck recruiter for McKinsey. “Basically, I got to go back and recruit everyone I had just admitted,” she recalls. “It was really fun for me because I was able to engage with them and I knew all about them, and I gained a whole new perspective on Tuck – this time through the eyes of a recruiter.”

Oyler continued to work for McKinsey for three years, in Boston and then later as a West Coast recruiter based in San Francisco, before joining the Clear Admit team. She now works as an admissions consultant with prospective applicants to a range of business school programs.

In her current work, she sometimes finds herself suggesting Tuck to people who may not have considered the school but for whom she thinks it could make a good fit. “They get excited about it and begin to think about applying because it is a little bit smaller and unique and they want that insider help I can provide,” she says.

Usually, the prospective applicants Oyler suggests should consider Tuck are those drawn to general management or who are considering other smaller programs, such as Haas or Stanford. Their chosen career paths are also a key consideration, Oyler adds. About 30 percent of the graduating Tuck class goes into consulting, and all of the top consulting firms recruit there.

Working today from the West Coast, Oyler finds that Tuck’s Northeast location can sometimes scare people a little. “But once I start talking about the community and the fit and the kids and the partners, people’s eyes really open,” she says.

Having managed the waitlist at Tuck during her tenure there, Oyler can also provide specific waitlist strategy. “Tuck is a school that keeps a really small waitlist, and it’s a very personal process,” she says. “It is not one of those ‘don’t call us, we’ll call you’ schools,” she continues. Everyone is entitled, should they wish, to ask for very personal feedback about why they were placed on the waitlist, and the admissions staff will tell you what it is about your application that kept you from getting in. Oyler recommends that waitlisted students make that call to the admissions office and, based on what they learn, work with someone at Clear Admit to craft a clear plan for getting in off the waitlist.

Finally there’s the recruiting piece. Beyond her knowledge of the admissions office, Oyler also has built strong connections with the Tuck career services office through her work at McKinsey, which gives her another kind of insider knowledge.

One thing she learned that makes Tuck unique is the fact that its students can interview with any company that comes to campus. Even if a given company doesn’t choose you to interview, you can bid on an interview spot because Tuck mandates that companies keep 50 percent of their slots open for bids.

“So say you really want to interview with McKinsey,” Oyler offers as an example. “If we [McKinsey] wanted to interview 50 students, we only got to select 25, and the rest of the interview candidates were students who bid.” Interestingly, Oyler says that McKinsey often ended up hiring more people off the bids than off its own closed list. “Sometimes they are more passionate and they want it more than the people who just look good on paper,” she says. “The bottom line is that at Tuck, the door is never closed to you.”

Prospective applicant considering Tuck – or who haven’t considered Tuck and think perhaps they should – can schedule a consultation with Oyler by contacting Clear Admit at (215) 568-2590 or info@clearadmit.com.

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