APPLICANT RESOURCES

Have an iPhone or iPod Touch? Research schools on the go and keep your applications organized with Clear Admit's new MBA Planner App! Now available in a free 'Lite' version too!

Admissions Director Q&A
Below are links to Clear Admit's exclusive interviews with MBA admissions directors at leading programs.
Dawna Clarke (Tuck)
Rose Martinelli (Chicago)
Judith Hodara (Wharton)
Sara Neher (Darden)
Soojin Kwon Koh (Michigan)
Randall Sawyer (Cornell)
Beth Flye (Kellogg)
David Simpson (LBS)
Liz Riley Hargrove (Duke)
Linda Meehan (Columbia)
Bruce DelMonico (Yale)
Peter Johnson (Berkeley)
Isser Gallogly (NYU)
Mae Jennifer Shores (UCLA)
J.J. Cutler (Wharton)
Jake Cohen (INSEAD)
Rod Garcia (MIT Sloan)
Mary Miller (Columbia)

Clear Admit School Guides
Clear Admit School GuidesBecome an expert on your target schools overnight! Get the program-specific details you need to craft essays that stand out. See how schools compare head-to-head in key areas like recruiting, curricular structure, elective offerings and more. Available for immediate download. As featured in the Economist.

Clear Admit Career Guides
Clear Admit Career GuidesUnderstand career-specific offerings at leading MBA programs and identify the schools that will best support your career goals with the Clear Admit Career Guides! Available for Consulting, Investment Banking, Entrepreneurship, Marketing and Healthcare.

Clear Admit Strategy Series
Clear Admit Strategy SeriesCraft a winning application with the Clear Admit Strategy Series! Step-by-Step guidance through the application process. Titles include a Resume Guide, Recommendations Guide, Waitlist Guide and more!

Clear Admit Interview Guides
Clear Admit Interview GuidesBe as prepared as possible for your MBA interviews this season with the Clear Admit Interview Guides! School-specific sample questions and in-depth strategy, campus visit details and places to stay.

Application Deadlines
Below are the upcoming deadlines for admission to top-tier schools.
Feb 10: INSEAD R3
Mar 1: Michigan / Ross R3
Mar 3: CBS
Mar 3: LBS R3
Mar 4: Kellogg R3
Mar 8: Cambridge / Judge R4
Mar 8: CMU / Tepper R3
Mar 9: Duke / Fuqua R3
Mar 9: Penn / Wharton R3
Mar 10: Berkeley / Hass R4
Mar 10: Chicago Booth R3
Mar 10: Yale SOM R3
Mar 15: NYU / Stern R3
Mar 17: UCLA / Anderson R3
Mar 19: UNC / Kenan-Flagler R4
Mar 30: Cornell / Johnson R4
Mar 31: UVA / Darden R3
Mar 31: INSEAD R4
Apr 1: UT-Austin / McCombs
Apr 2: Dartmouth / Tuck R3
Apr 2: Oxford / Saїd R3
Apr 7: Stanford GSB R4
Apr 8: Harvard R3
Apr 14: CBS

Essay Topic Analysis
Below are links to our comments on some of the top programs' essay topics.
The Career Goals Essay
Berkeley / Haas*
Chicago Booth*
CMU / Tepper*
Columbia*
Cornell / Johnson*
Dartmouth / Tuck*
Duke / Fuqua*
Harvard*
Indian School of Business*
INSEAD*
London Business School*
MIT / Sloan*
Michigan / Ross*
Northwestern / Kellogg*
NYU / Stern*
Oxford / Said*
Penn / Wharton*
Stanford GSB*
UCLA / Anderson*
UNC / Kenan-Flagler*
USC / Marshall*
UT Austin / McCombs*
UVA / Darden*
Yale SOM*
* denotes '09-'10 commentary

Categories
Use categories to access all that has been written on each of the topics. We have categorized by school and by subject matter.

Interview Reports
A selection of interview field reports from fellow applicants posted to the MBA Admissions Wiki. Add your reports when you are finished with your interviews.
Chicago
Columbia
Dartmouth / Tuck
Duke / Fuqua
Harvard
Kellogg
Michigan / Ross
MIT / Sloan
Stanford
UNC / Chapel Hill
Virginia / Darden
Wharton
London Business School

GMAT Resources
MBA.com
Manhattan GMAT
GMAT Club
Princeton Review
Test Prep New York
Kaplan
Beat The GMAT
Knewton

Writing Resources
Guide to Grammar and Writing
The Internet Grammar of English
English Usage, Style and Composition
The Economist Style Guide
Paradigm Online Writing Assistant

School Rankings
Rankings are a good way to start your research on various MBA Programs. Keep in mind each uses a different methodology.
Business Week
Economist
Financial Times
Forbes
USNews
Wall Street Journal

Career Guides
The following resources should be useful to those who want to research the careers open to them after (or before) earning an MBA.
Vault.com
Wetfeet

Business School Resources
The following are business resources offered by a variety of leading Business Schools. It's useful to subscribe to these resources, especially for the schools to which you are applying.

MBA Programs: North America
If an MBA Program is not listed, please e-mail and we will be happy to list it.
Berkeley / Haas
Boston College / Carroll
Carnegie Mellon / Tepper
Chicago
Columbia
Concordia
Cornell / Johnson
Dartmouth / Tuck
Duke / Fuqua
Emory / Goizueta
Harvard
HEC Montreal
Indiana / Kelley
Michigan
MIT / Sloan
Northwestern / Kellogg
New York / Stern
North Carolina / Kenan Flagler
Notre Dame / Mendoza
Pennsylvania / Wharton
Queens
Stanford
Syracuse / Whitman
Texas / McCombs
Thunderbird
Toronto
USC / Marshall
UCLA / Anderson
Vanderbilt / Owen
Virginia / Darden
Washington University in St. Louis / Olin
Western Ontario / Ivey
Yale

MBA Programs: Rest of the World
As there is some variety in the length of international MBA programs, we have denoted the length of the program next to its name (1 = one year; 2 = 2 years). If an MBA Program is not listed, please e-mail and we will be happy to list it.
AGSM (Australia) 2
Cambridge / Judge (UK) 1
CIEBS (China) 2
Cheung Kong Graduate School of Business (China) 1
Cranfield School of Mgmt (UK) 1
ESADE (Spain) 1 or 2
HEC (France) 2
Hult (UK) 1
IESE (Spain) 2
IMD (Switzerland) 1
INCAE (Costa Rica) 2
INSEAD (France) 1
IPADE (Mexico)
ISB (India) 1
London Business School (UK) 2
Manchester Bus. School (UK) 2
Melbourne (Australia) 2
Oxford / Said (UK) 1
Rotterdam (Netherlands) 1
Tsinghua IMBA (China) 2
University of St. Gallen (Switzerland) 1

Additional Resources
Here we link a host of additional resources available across the web. E-mail info@clearadmit.com to have resources added to this list.
AACSB International
Association of MBAs
Beyond Grey Pinstripes
EFMD
gradschools.com (worldwide)
Infozee
International Student Loans
mba.com (GMAT Scores)
MBAInfo
mbaleague.blogspot.com
MBAzone
MBA Jungle
TOEFL
Top MBA


MBA Tipline
We encourage admissions officers, students and applicants to alert us of interesting news and developments, please send an email to news@clearadmit.com so we can blog it.

Blog Archive

Get a $10 Amazon.com Gift Card! Contribute your MBA interview reports to the Clear Admit Wiki.

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ARCHIVE FOR OCTOBER 2009

Saturday, October 31, 2009

GMAT Practice Question: Machines A, B, and C

Today’s GMAT practice problem comes from the test prep firm ManhattanGMAT.  To help prepare for the exam, see if you can solve the problem first, then read on for the correct answer and explanation.

Problem

Machines A, B, and C can either load nails into a bin or unload nails from that bin. Each machine works at a constant rate that is the same for loading and for unloading, although the individual machines may have different rates. Working together to load at their respective constant rates, machines A and B can load the bin in 6 minutes. Likewise, working together to load at their respective constant rates, machines B and C can load the bin in 9 minutes. How long will it take machine A to load the bin if machine C is simultaneously unloading the bin?

(A) 12 minutes
(B) 15 minutes
(C) 18 minutes
(D) 36 minutes
(E) 54 minutes

Solution

Write each machine’s rate as a lowercase letter. We add the rates for each given situation in which machines are working together to load the bin:

a + b = 1/6 bin per minute
b + c = 1/9 bin per minute

Notice that the rate should always be in “work per time” – in this case, “bins per minute,” not “minutes per bin.” If it takes machines A and B 6 minutes to load the bin, then they work at a rate of 1/6 of a bin per minute.

We are looking for an equation involving the difference of machine A’s rate and machine C’s rate. In other words, we are looking for a – c. The negative sign in front of the c indicates that machine C is unloading; in other words, it is working “against” machine A.

We can subtract the two given equations to get the following:
a – c = 1/6 – 1/9 = 3/18 – 2/18 = 1/18 bin per minute

Thus, it will take 18 minutes for machine A to load the bin, if machine C is simultaneously unloading the bin.

The correct answer is (C).

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# posted by Clear Admit @ 9:00 am in GMAT - Quantitative, GMAT News, GMAT Practice Problem, GMAT Test Prep Company Series, GMAT Tips

Friday, October 30, 2009

Business Schools Use Technology to Combat Swine Flu

As the H1N1 virus, also known as swine flu, begins to make its rounds, business school officials are turning to technology to help keep their MBA programs on track in the event of an epidemic, the Financial Times reports.

According to the FT report, the business school population is particularly vulnerable to the swine flu, which infects young people more than it does older ones. Add to this the format of many MBA programs – which rely on face-to-face group discussions and lots of work in teams – and the potential of an epidemic to disrupt class continuity is acute.

Many schools are putting measures in place that would allow professors and teachers to take advantage of virtual teaching to help combat the spread of the flu. “We want students to stay away from classes if they are unwell but we don’t want them to think they are being penalized,” Robert Bruner, dean of the Darden School of Business at the University of Virginia, told the FT.

At Darden, the school is making audio tapes of all the classes and making them available, along with images, photos and slides, on the web. Discussion groups, too, can be conducted virtually as necessary. “We have put in place for these students things that would not be possible a year ago,” Bruner told the FT.

Officials at New York University’s Stern School of Business are taking similar precautions. In addition to recording classes, Stern has assigned each faculty member a back-up professor who can step in and teach should a professor get sick. “We can’t reschedule classes. That’s not an option,” Kim Corfman, vice dean of MBA courses, told the FT. But with the steps her team has taken to prepare, she thinks Stern is ready. “I don’t think we’ll get to the point where we have no students and no faculty.”

Elsewhere, business school officials are also thinking ahead to the impact the flu could have on projects and field research that takes place off campus. “We are already in discussions with companies to deal with [this],” C. Michael Stepanek, MBA director at the University of North Carolina at Chapel Hill’s Kenan-Flagler Business School, told the FT. “If there were an outbreak, we may have to change our approach,” he added.

Even as schools take these precautionary steps, it is unclear how severe the swine flu outbreak may prove, the FT article stresses. According to the American College Health Association, the nationwide rate of infection for swine flu as of last month was 20.1 cases for every 10,000 students, with the highest rates of flu activity in the northeast.

For the complete Financial Times article, click here.

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# posted by Clear Admit @ 1:00 pm in General, MBA News, School: NYU Stern, School: Virginia / Darden

Fridays From The Frontline

Hello and welcome to Fridays From The Frontline, the weekly blog post dedicated to looking inside the MBA applicant and student experience. The MBA blogosphere was hopping this week, with some applicants receiving interview invitations or preparing their second round essays, while students had a few thoughts about the recruiting process.

A Beautiful Mind received an invite from ISB and was quite relieved (congratulations!). Steve went to his fiancee’s brother’s wedding and may have laid down some pretty cheesy dance moves and was looking for a few NYU details to spice up his essays. XLick completed his NYU essays and felt that they were quite strong, especially his creative essay. Atypical HBS was still waiting for an interview invite, but referenced the admissions update that a good number of invites were still left to go out. ArdentMeerkat found that there were a number of ways that she could improve her GMAT study prep from her previous attempt. Hari happily shared his ESADE invite, and praised the school’s student body attitude. Procrastinator felt that the essay writing and submission process was the smoothest yet. Rocky Balboa expected a decision from Rotman by the end of the week, and was preparing himself for news from Wharton in the coming weeks.

Ross ‘10 M@ officially ended his recruiting season by signing his offer letter at a fancy restaurant with friends. McCombs ‘10 Paragon2Pieces felt the pressure of the the strings attached to her job offer. Darden ‘10 Sameer enjoyed his second International Food Festival, and was particularly taken with Brazil’s passionfruit mousse. LBS ‘10 Out On A Limb shared the details of the school’s second annual Global Healthcare Conference. Darden ‘10 Mechanigal braved an hour of rain in the hopes of getting Bryan Adams to sign her concert ticket, but was ultimately unsuccessful.  Darden ‘10 JulyDream felt the pain of a few recruiting zaps, but soldiered on. McCombs ‘10 Metal posted a humorous outline of reasons why one might not have a career plan for after graduation.

Fuqua ‘11 Randy found himself stuck in the Philadelphia airport and had a few observations to share with those who work at the airport. Chicago Booth ‘11 GlobThink realized that he did not know quite as much about American culture as he originally assumed, but was a quick learner. Kellogg ‘11 Orlando was near the end of the first part of the AT Kearney Case Competition, and found advantages to the mock interviews he hadn’t expected. Kellogg  ‘11 D.G. also participated in a case competition, the MIT MBA Sales Competition, and learned a lesson or two about preparedness. INSEAD ‘11 My Name is Neo wrote about the role community can play in corporate corners. Harvard ‘11 Military2Business wrote about the ways those previously in the armed services could better network.

With Halloween just around the corner, we hope that all students and applicants take a moment to dress up as their favorite inanimate object, mythical creature, pop culture icon or animal for an evening of sweets, treats, and hopefully not that many tricks … and that they’ll share the photographic evidence for next week’s Fridays From The Frontline!

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# posted by Clear Admit @ 3:00 am in Fridays from the Frontline

Thursday, October 29, 2009

Business School Entrance Exam Doubles as Job Candidate Evaluation Tool for Some Employers

Especially in today’s tight job market, some employers are using Graduate Management Admission Test (GMAT) scores as part of the process of evaluating job candidates’ potential, according to reports last week in BusinessWeek and Inside Higher Education. And some business schools, according to both reports, have begun to advise some students to retake the exam in hopes of higher scores that might improve their prospects of being hired.

You thought once you got into business school you’d never have to think about the GMAT again, right? And with good reason. According to the Graduate Management Admissions Council, which owns and administers the exam, the test is intended to help predict a candidate’s first-year grades in an MBA program, not as a valid tool for employers. In fact, requesting GMAT scores as a requirement for employment appears on a list of “inappropriate uses” maintained by GMAC, Inside Higher Ed reports.

Nevertheless, according to both sources, the practice is taking place without vigorous objection by the council. According to BW, officials at both the University of Texas at Austin and of Virginia have gone on the record saying that they have advised students with lower scores to retake the exam. And according to the Inside Higher Ed report, GMAT test prep firm Veritas Prep has been approached by three business schools about group rates for students retaking the exam. 

Scott Schrum, director of admission consulting research at Veritas Prep, told Inside Higher Ed that he thinks the issue may be of greater consequence to students at lower-ranked schools than at top programs, where companies will assume that everyone is strong and not care as much about their scores. But “where Goldman may only hand out a few job offers, they’ll look more carefully at everything in a student’s profile (including the GMAT) to determine who the lucky few will be,” Shrum speculated to Inside Higher Ed.

Judy Phair, vice president for communications of GMAC, told Inside Higher Ed that the council has reiterated multiple times that the GMAT is designed as an assessment tool in the admissions process and not for other purposes. But, she added, if business schools help companies use the test in other ways, GMAC can’t prevent them from doing so.

To read the BusinessWeek story on this trend, click here. For Inside Higher Education report, click here.

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# posted by Clear Admit @ 1:00 pm in GMAT News, General, MBA News

Campus Chronicles: Stern Opportunity

Welcome back to our weekly installment of Campus Chronicles.  This week we’ll take a look at NYU’s student newspaper, the Stern Opportunity, to see what’s been happening on Stern’s campus.

Stern’s newest club, the Government and Business Association (GBA), hosted the school’s first event of the 2009-2010 academic year, a panel discussion entitled “Can Government Spending Replace the Consumer?”  Over 125 Stern students and alumni came out to participate in panel discussions with Nouriel Roubini, a professor of Economics and International Business at Stern, and Maury Harris, UBS Chief US Economist.  Roubini and Harris discussed topical subjects including the economic downturn, strategies for recovery, and long-term implications on the financial services sector.  Students and alumni had a chance to discuss their views with both speakers regarding these topics after the event.  GBA plans to host panel discussions later in the year regarding new healthcare legislation effects, technology’s influence on the political process, the interconnectedness of the global economy, and how Stern students can use their MBAs to gain a career in government and politics.

Stern students, alumni, and over one hundred prospective students taking part in the Discover Stern weekend for diversity students attended the 24th annual Association of Hispanic and Black Business Students (AHBBS) conference.  This year’s conference theme was “Reflect, Rethink, Reshape: Exploring the New Normal” and was aimed at evaluating the past year’s changes in the business community.  Panel discussions “Marketing Out-the-Box” and “Extending the Lines of Finance: Change and Emerging Opportunities in the Financial Sector” offered participants the opportunity to discuss social networking as a marketing tool as well as the changes in traditional finance functions in the past year with representatives from companies including American Express, HBO, Booz & Company, Citi, and GE Energy Financial Services.  William Cruz, the President of TCB Consulting, presented an intercultural communications workshop entitled “Managing Across Cultures” and discussed how to promote awareness and accommodation of cultural difference in the workplace.

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# posted by Clear Admit @ 11:30 am in Campus Chronicles, School: NYU Stern

Twitter Thursdays: News from MBA Programs

Welcome to this week’s serving of Twitter Thursdays, a weekly column in which we highlight the updates, also known as “tweets,” of the top MBA programs on Twitter!  If you’re not following Clear Admit already, be sure to check us out on Twitter for updates, special prizes, admissions tips and breaking news.  Now, as for the business schools…

The Haas School’s Dean reviewed the four critical traits of business leaders and stopped in Hong Kong to greet some alumni. A fellow California b-school dean, UCLA / Anderson’s Dean, Judy Olian, extended her reach to Japan to participate in a panel on innovation strategies. Columbia Business School’s Dean Hubbard also participated in a panel called, “Peace through Reconstruction.”

Jon Fuller, the Senior Associate Director of Admissions at the Ross School of Business, announced that the first of the Round 1 interview invitations should be released this week.  MBA Admissions Coordinator at Judge Business School, James Barker has been busy reading and assessing Round 1 applications along with his admissions team.  Meanwhile, the London Business School held information sessions in Washington, D.C., Toronto and London.  The Haas School announced the New Venture Launchpad, which provides advanced services to support student entrepreneurs in new venture development.   Both the Kellogg School of Management and Columbia Business School let loose a steady stream of insight and research, as conducted by their notable professors.

That wraps up Twitter Thursdays this week!  Looking for daily updates?  In our MBA Admissions Twitter Index, you can check out this list of admissions officers and schools’ news feeds.  We’ve also compiled lists of current MBA students and alumni as well as current MBA applicants who are on Twitter.  If you’re on Twitter, let us know; e-mail wiki@clearadmit.com with your user name and status as an MBA applicant, student or admissions officer so we can add you to the appropriate Twitter Index.  Happy “tweeting” and we’ll see you next week with some more Twitter updates!

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# posted by Clear Admit @ 8:45 am in Twitter, Twitter Thursdays

Wednesday, October 28, 2009

GMAT Tip: Critical Reasoning and Formal Logic

Today, our friends at Manhattan Review share their advice on critical reasoning questions in the GMAT:

Anyone could tell you that Critical Reasoning helps to measure your logical thinking skills.  What you may or may not know is that the formal logic required to truly become a master of this question type originated in part with Aristotle and is highly mathematical in nature.  This means that even when you’re working in the Verbal section of the GMAT, you are still applying mathematical concepts to the material.

The single idea that is the most useful in Critical Reasoning on the GMAT is the Contrapositive.  Here’s how to form a contrapositive:

Step 1: Start out with a cause/effect statement.  This is best done in the “if/then” format.  Here’s our example: “If you are a fish, then you live in water.”  This statement is arguably true (with the exception of mudskippers, but that’s debatable!).

Step 2: Now, reverse the elements of your statement: “If you live in water, then you are a fish.”  This statement is not NECESSARILY true.  Many other, non-fish organisms live in water as well, like whales, seaweed, crustaceans, and plankton.

Step 3: Negate both sides of the statement: “If you don’t live in water, then you are not a fish.”  This statement is equally true as the original statement.  It is the CONTRAPOSITIVE!

When you have complex statements, that involve “and” or “or,” you must switch them around.  For example, the contrapositive of “If you are at least 18 years old and registered, then you can vote” is “If you can’t vote, then you are not at least 18 years old OR not registered.”  If one of those two elements is missing, the person cannot vote.  Simple, really!

Now, let’s apply our knowledge of the contrapositive to a Critical Reasoning question, and see why it’s so useful:

The interview is an essential part of a successful hiring program because, with it, job applicants who have personalities that are unsuited to the requirements of the job will be eliminated from consideration.

The argument above logically depends on which of the following assumptions?

(A) A hiring program will be successful if it includes interviews.

(B) The interview is a more important part of a successful hiring program than is the development of a job description.

(C) Interviewers can accurately identify applicants whose personalities are unsuited to the requirement of the job.

(D) The only purpose of an interview is to evaluate whether job applicants’ personalities are suited to the requirements of the job.

(E) The fit of job applicants’ personalities to the requirements of the job was once the most important factor in making hiring decisions.

When we look at the question stem, it’s clear that we’re looking for a necessary assumption, or an assumption upon which the success of the argument “depends.”  Let’s break the argument down into a formal logic statement.  Our keyword here is “because” – that means we need to switch the order of the argument’s elements.  Here it is:

“If job applicants with unsuitable personalities can be eliminated from consideration, then interviews are essential.”

Now, make your contrapositive.

“If interviews are NOT essential, then job applicants with unsuitable personalities CANNOT be eliminated from consideration.”

What does this mean to us?  This means that if the author’s argument is in favor of interviews, and his proof is that interviews weed out unsuitable people, we must then select an answer choice that makes this argument entirely waterproof.  That means that answer choice (C) is the correct answer.

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# posted by Clear Admit @ 8:00 pm in GMAT - Verbal, GMAT News, GMAT Test Prep Company Series, GMAT Tips, General

Yale School of Management to Host Ninth Annual Private Equity Conference

Students in the Yale SOM Private Equity Club next week will host its ninth annual private equity conference, one of the largest student-run private equity conferences in the country. This year’s conference theme, “Expanding Horizons,” will include a focus on the ways in which the market conditions of the past year have created new trends and opportunities for private capital.

The conference, which will take place on November 6th in Greenwich, CT, will include keynote addresses by Yale SOM alumni who have gone on to lead successful private equity firms. Speakers include David Jackson ’93, CEO of Istithmar World Capital; John Howard ’80, CEO of Irving Place Capital; and Dan O’Connell ’80, founder and CEO of Vestar Capital Partners. 

There will also be a range of panels addressing topics such as regulation in finance and private equity, opportunities in the renewable energy and infrastructure space, and the current climate for venture capital, among others. Panelists will include industry leaders from a range of firms including the Carlyle Group, Alvarez & Marsal, AEA Investors, Aetna, Blockbuster Inc., Ernst & Young Paul and several more.

To view the full conference agenda or to register, click here.

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# posted by Clear Admit @ 1:00 pm in Events, School: Yale

How Are You Preparing For Round One Interviews?

Last week we asked you how you would end your interview, this week we wonder how you would begin?

Interview Strategy: How do you Prepare for the Big Day?

View Results

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# posted by Clear Admit @ 11:00 am in Poll

Clear Admit Interview Guides for 2009-2010 Now Available!

We’re pleased to announce the release of the 2009-2010 versions of our 18 Clear Admit Interview Guides, which provide school-specific insight and strategic advice to help applicants ace their admissions interviews. For those who are unfamiliar with these publications, the Interview Guides are based on our years of MBA admissions experience and our work with hundreds of applicants interviewing at leading programs.  The Clear Admit Interview Guides contain the information candidates need for a successful interview, including:

  1. School-specific strategy
  2. Analysis of how the adcom weighs the interview
  3. First-hand interview accounts
  4. Detailed information on planning a campus visit
  5. Dozens of sample questions consistently asked by that particular program

Each Clear Admit Interview Guide also includes our General Interview Guide, a rich source of advice on how to be successful in the MBA interview process.  As with all of our publications, the Clear Admit Interview Guides are available for immediate download in our shop!

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# posted by Clear Admit @ 3:00 am in Interview Guides, Interview Tips, Wiki Wednesdays

Tuesday, October 27, 2009

New Professorship Links Northwestern’s Kellogg School of Management, School of Law

A $3 million gift will establish a special law and business professorship shared between the Kellogg School of Management and the Northwestern University School of Law, the schools announced last week. Bernard Black, an expert in corporate law and finance and healthcare regulation, will be the first to fill the role.

The gift, from defense contractor General Dynamics Corporation, will establish the Nicholas D. Chabraja Professorship, named for the company’s retired chief executive officer and a Northwestern alumnus. The first of its type, the professorship will support both Kellogg and the School of Law, a symbol of the increasing integration of the two fields. 

The donation also will provide support to Northwestern’s JD-MBA program, the largest joint law and business program in the world and the first to introduce a three-year, rather than four-year, course of study.

“Northwestern’s JD-MBA program truly is at the cutting edge,” Sunil Chopra, Kellogg interim dean, said in a statement. “Gifts of this nature allow us to continue on our innovative path, and we are very grateful for General Dynamics’ generosity.”

Chabraja, who retired in June, remains as non-executive chairman of the board of General Dynamics. Before his career at General Dynamics, which included several leadership roles and the longest tenure as chief executive among the nation’s top five defense contractors. Chabraja was a litigation partner at the law firm of Jenner & Block for 22 years. He graduated from Northwestern’s School of Law in 1967 and the Weinberg College of Arts and Sciences in 1964 and is on Northwestern’s Board of Trustees.

Black will serve as the first Nicholas D. Chabraja Professor, with an appointment at the School of Law and in Kellogg’s finance department. He will join the university in September 2010 from the University of Texas (UT), where he currently holds the Hayden W. Head Regents Chair for Faculty Excellence at the School of Law and is a professor of finance at the McCombs School of Business. He also is co-director of UT’s Center of Law, Business and Economics. 

To learn more, click here.

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# posted by Clear Admit @ 1:00 pm in MBA News, School: Northwestern / Kellogg

Trivia Tuesday: London Business School’s Shadowing Project

In this week’s Trivia Tuesday column we turn our attention to experiential education across the pond, examining the Shadowing Project at London Business School.

The shadowing project at LBS enables students to gain a firsthand perspective on the daily role of a high ranking manager by “shadowing” that person for up to a week as they perform their job. Students report that they benefit immensely from this exposure, which illuminates skills they need to develop to succeed as managers.

Before entering the workplace of their “shadowees,” as they are called, students examine key studies and concepts in managerial behavior, building a theoretical framework to help them assess the management situations they will witness during the project. After the shadowing period, students synthesize their observations in a graded report that objectively profiles the leadership style of their shadowee.

To set up the Shadowing Project, students are expected to initiate contact with a manager of their choosing, and to arrange mutually acceptable dates for the shadowing to take place. While the task of contacting a high-level manager and pitching the shadowing idea may seem daunting, LBS explains that learning to harness the LBS network and preexisting professional contacts is one of the project’s key takeaways for students. The shadowing project can be completed between January and May in either the first or second year. The actual shadowing need not occur over five consecutive days, so students and their shadowees may decide to schedule the shadowing dates around critical meetings or events that it would be most helpful to witness.

Of the managers LBS students have shadowed over the past few years, about 15% have been CEO’s, 25% Managing Directors, General Managers or Vice Presidents, and 10% have held the highest ranking finance post in their organizations. In addition to the more traditional shadowees at investment banks and pharmaceutical companies, students have shadowed prominent figures in politics, as well as the management of a symphony orchestra. More than one-third of students travel outside the UK for the project.

For more on the projects and experiential learning opportunities at London Business School or other leading MBA programs, be sure to check out the Academics and Special Projects sections of the Clear Admit School Guides!

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# posted by Clear Admit @ 11:00 am in School Guides, School: London Business School, Trivia Tuesday

Working Toward a Career in Healthcare? Clear Admit’s New Guide Will Help You Choose an MBA Program!

Interested in a future career in healthcare? Choose the best MBA program for you with the help of Clear Admit’s Career Guide to Healthcare, a great resource from our brand new line of career-focused guides! This guide is directed toward prospective applicants hoping to work for companies like Aetna, Kaiser Permanente, Medco Health Solutions or Pacific Healthcare; or who are thinking about healthcare-focused positions in industries like venture capital, consulting, or investment banking. Applicants looking to pursue careers in biotechnology, pharmaceuticals, and medical devices will also benefit from this guide, as they typically participate in MBA healthcare programs as well.

With 44 pages of detailed information on the top MBA programs with a focus on healthcare, this guide makes it easy for prospective students to:

-    Compare academic and extracurricular offerings at each school in order to narrow down where to apply
-    Write meaningful essays and prepare for interviews based on the guide’s specialized information about each program
-    Make an informed decision about which school to attend based on academics, career placement, and other deciding factors

Prospective students can also use the Clear Admit Guide to Healthcare to learn about student-run healthcare clubs at each school, recruiting for internships and jobs, and the academic offerings at the top MBA programs. Although many leading business schools do not offer a formal course of study in healthcare:

“Of those that do, Fuqua’s Certificate in Healthcare Management and Wharton’s Health Care Management Major are generally the best known. . .  The Health Management Certificate at Haas and the Health Enterprise Management Major at Kellogg are two of the other formal academic healthcare programs with strong track records of helping students secure employment in the industry.”

The guide contains sixteen school profiles with exclusive insight into academics, extracurriculars, and career services. For example, several school profiles offer a “course spotlight” describing a highlighted class, like the Entrepreneurship in Biotechnology course at University of California Berkeley’s Haas Business School:

“Associated with the Lester Center for Entrepreneurship & Innovation, this course is designed for both future entrepreneurs and those students interested in working for a biotechnology or medical devices startup. The course explores the challenges in starting a life sciences company, provides an overview of the industry, and teaches students to recognize the opportunities for funding. Students gain insights into working with venture capitalists, bringing ideas to the clinic, and tackling business development and strategic partnering. Students have the opportunity to work on their own entrepreneurial endeavors and meet with life-science entrepreneurs during the course.”

To find out more about the top healthcare-focused MBA programs, get the Clear Admit Guide to Healthcare, available for immediate purchase and download from the Clear Admit shop!

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# posted by lrubino @ 3:00 am in Career Guides, School: Berkeley / Haas, School: Duke / Fuqua, School: MIT / Sloan, School: Northwestern / Kellogg, School: Penn / Wharton

Monday, October 26, 2009

Study Charts MBA Curricular Evolution

The vast majority of MBA programs has revised curricula in recent years or has plans to make curricular changes in the near future, according to a study conducted by the MBA Roundtable, a nonprofit organization that tracks MBA curricular design and innovation.

The study found that 69 percent of MBA programs have significantly revised their curricula in the past four years, and a full 89 percent are currently planning curricular changes. The most common revisions include adding project-based courses or other applied content. Many programs also have worked or are working to integrate content across topics and disciplines.

Other points of focus in curricular revision have included placing greater emphasis on leadership development and global perspectives, with about half of MBA programs reporting having added new options for students in these areas. One in four MBA programs, meanwhile, has added an industry specialization in the past three years, most commonly in healthcare/biotech/medicine and entrepreneurship.

The results of the MBA Roundtable study were first announced this summer at the annual meeting of the Graduate Management Admissions Council (GMAC).

To visit the MBA Roundtable blog, click here.

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# posted by Clear Admit @ 1:00 pm in General, MBA News

Admissions Tip: MBA Interview Prep

With interview invitations from a number of programs already on their way out to Round One applicants, we wanted to offer some more advice on this element of the admissions process. Last week we posted some very basic etiquette information that will help candidates ensure that everything is in order on the big day. Today, we turn our attention to some steps one can take to prepare for the interview itself.

1) Know what to expect. This might go without saying, but interview types and duration vary across programs. For instance, nearly all invited Stanford applicants interview with alumni, while on-campus Wharton interviews are conducted by second-year students (and in rare cases admissions staff). Candidates for Columbia admission participate in an informative resume-based chat, while HBS and MIT interviewers have in-depth knowledge of the applicant’s entire file. Thinking carefully about the format of the interview and the person conducting it will influence the sort of questions you might come prepared to ask and help you arrive at a mindset conducive to success.

2) Review your materials. Because it’s important that you reinforce your positioning during the interview, reading over your essays and reflecting on the themes presented in your application is a great first step in preparing to speak about your ideas and objectives.

3) Tell them something they don’t know. In addition to reinforcing your existing message (a critical component of most interviews), the interview is also a great time to expand or add new information to your file via the interviewer’s notes. Have there been any major developments in your candidacy that you should share? Have you visited the campus or spoken with students since submitting your written materials? Have you made any strides toward your goals? Even if just an example from work or an activity that relates to the interview question but didn’t fit into your essays, it’s a great idea to approach the interview with the goal of enhancing the admissions committee’s knowledge of your candidacy.

4) Anticipate and practice. Though it’s impossible to predict the exact questions you will be asked, the type of interview and historical data will provide some great clues as to the sort of information the interviewer will be seeking. The Clear Admit Wiki could serve as a great starting point, as it features detailed firsthand interview accounts from applicants to the top MBA programs. After arriving at a list of possible inquiries, it’s a good idea to not only reflect on what you might say in response, but to actually practice articulating your responses, explaining your goals and recounting some significant professional and extracurricular experiences.

Best of luck to all those who are eagerly awaiting invitations and preparing for interviews! For more information about Clear Admit’s school-specific Interview Guides visit our shop and access immediate downloads of all the latest interview questions for your target school.  For more information about our tailored one-on-one mock interview services, feel free to send an email to info@clearadmit.com.

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# posted by Clear Admit @ 8:14 am in Admissions Tips, Interview Guides, Interview Tips

Saturday, October 24, 2009

GMAT Practice Question: Consecutive ABCs

The weekend is a great time to get some GMAT studying done. To help you, today we share a sample problem and an explanation of its solution provided by Manhattan GMAT:

Problem

If a, b, and c are positive integers, with a < b < c, are a, b, and c consecutive integers?

(1) 1/a – 1/b = 1/c

(2) a + c = b2 – 1

A: Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient.
B: Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient.
C: BOTH statements TOGETHER are sufficient, but NEITHER statement ALONE is sufficient.
D: EACH statement ALONE is sufficient.
E: Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are needed.

Solution

The question can be rephrased “Is b = a + 1 and is c = a + 2?”

One way to approach the statements is to substitute these expressions involving a and solve for a. Since this could involve a lot of algebra at the start, we can just substitute a + 1 for b and test whether c = a + 2, given that both are integers.

Statement 1: SUFFICIENT.
Following the latter method, we have
1/a – 1/(a + 1) = 1/c
(a + 1)/[a(a + 1)] – a/[a(a + 1)] = 1/c
1//[a(a + 1)] = 1/c
a2 + a = c

Now we substitute a + 2 for c and examine the results:
a2 + a = a + 2
a2 = 2
a is the square root of 2. However, since a is supposed to be an integer, we know that our assumptions were false, and a, b, and c cannot be consecutive integers.

We can now answer the question with a definitive “No,” making this statement sufficient.

We could also test numbers. Making a and b consecutive positive integers, we can solve the original equation (1/a – 1/b = 1/c). The first 4 possibilities are as follows:
1/1 – 1/2 = 1/2
1/2 – 1/3 = 1/6
1/3 – 1/4 = 1/12
1/4 – 1/5 = 1/20

Examining the denominators, we can see that c = ab. None of these triples so far are consecutive, and as a and b get larger, c will become more and more distant, leading us to conclude that a, b, and c are not consecutive.

Statement 2: SUFFICIENT
Let’s try substituting (a + 1) for b and (a + 2) for c.

a + a + 2 = (a + 1)2 – 1
2a + 2 = a2 + 2a
2 = a2

Again, we get that a must be the square root of 2. However, we know that a is an integer, so the assumptions must be false. We can answer the question with a definitive “No,” and so the statement is sufficient.

The answer is D: Each statement is sufficient.

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# posted by Clear Admit @ 9:00 am in GMAT - Quantitative, GMAT News, GMAT Practice Problem, GMAT Test Prep Company Series, GMAT Tips, General

Friday, October 23, 2009

Round 1 Update from Harvard Business School Admissions Director

In a post to her blog yesterday, Harvard Business School (HBS) Director of Admissions Dee Leopold shared that her office continues to send out interview invitations to Round 1 applicants and that a significant number have yet to go out. She did not disclose how many more invitations will be sent, but she did explain that the timing of when you receive an interview invitation does not reflect the relative strength of your application or candidacy.

Interview invitations are not sent out on Saturday and Sunday, she added, so no need to look for them on the weekends.

Leopold reminded applicants that HBS will make R1 decisions before viewing R2 applications this year and that some applicants waitlisted in the first round may be invited to interview as part of the second round. Invitations to join the waitlist for R1 will go out on December 15th to candidates who have not been interviewed, Leopold said. She expects about 100 or so applicants to be invited to join the waitlist as part of R1.

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# posted by Clear Admit @ 1:00 pm in MBA News, School: Harvard, Waitlist Advice

Fridays From The Frontline

Welcome back to Fridays From The Frontline, Clear Admit’s jovially jubilant jaunt through the sometimes fraught, oft times fantastic, MBA application and student blogging process. Many students this week are either in the midst of, or preparing for, their mid-term exams. Applicants, after a brief respite after round 1 deadlines, seem to be gathering their strengths for the next set of essays they will write for round two. The weather on the east coast of U.S. has teetered from the last days of summer to chilly  rains and finally a definite shift in the color of foliage (green to reds, yellows and reds!) that represents the official changing of the seasons. In other news, at least one east coast city is in a celebratory mood after its baseball team’s recent victory (we wonder what Wharton students did to celebrate).

Steve read an article about the increased importance of GMAT scores during the job recruitment process. ABeautifulMind was in the midst of a hectic week of Fuqua essay prep and tracked the success of a recently completed work project. XLick considered what he would do if his b-school plans went awry, the Peace Corps or starting a restaurant were just two of his ideas.  Bizwiz suffered from poor sleeping patterns in Europe, but was glad with the results of his Kiva loans. Illuminati tried to assuage the confusion many might be feeling during their GMAT prep. Procrastinator cut it close, but submitted  his Kellogg application (and recommenders’ recommendations) to the school just in time. While you might think that RockyBalboa would be happy with the Phillies’ recent win/guaranteed trip to the World Series, he was more concerned with soccer.

After quite a lengthy silence Ross ‘10 M@ shared an abridged look back on his path to becoming a consultant. McCombs ‘10 Paragon2Pieces posted some interesting information about swine flu vaccines and pregnant women, and wrote a little bit about the school’s bidding process. Marshall ‘10 Andrew was excited about the upcoming Net Impact Sustainability week, and highlighted two events that took place on campus.  Darden ‘10 JulyDream attended a LGBT MBA conference, and shared her subsequent thoughts. McCombs ‘10 Metal also recounted his recent bidding experience.  INSEAD ‘10 OutOfMyJeans reflected on how pursuing an MBA can impact your relationships with those outside the b-school sphere.

Though she had a busy week in front of her, Foster ‘11 Helen took a moment to clean her apartment and add to her blogroll. Kellogg ‘11 Windsor sang some serious praises of the school’s library resources. Chicago Booth ‘11 GlobThink looked back on the different team building experiences he has had while at the school. Kellogg ‘11 Shobhit watched and listened to former President Bill Clinton give a speech and provided his analysis. Kellogg ‘11 Orlando considered how one could raise the number of Hispanic applicants at the school. Goizueta ‘11 Ahembeea couldn’t wait for his next Thursday. Harvard ‘11 MilitaryToBusiness looked at the upcoming summer internship recruiting season and gave a few thoughts to those with non-traditional backgrounds. Wake Forest ‘11 Omne enjoyed his one day fall break and summarized his exam experience thus far. Stanford ‘11 PaloAltoForAwhile had a few suggestions for those who think b-school isn’t hard. LBS ‘11 PinchtheBubble checked in after a two month absence and shared an article he enjoyed. Haas ‘11 Lauren went to a career management conference in an effort to get a better sense of her future direction.

And that’s it for this week’s installment of the our perpetual peek into the people striving for, or living, the MBA dream. Clear Admit hopes that the brief application respite has given MBA hopefuls a moment to take a breath and enjoy, or escape, whatever climate they may be in, and we wish all students good luck on their upcoming, or recently taken, exams!

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# posted by Clear Admit @ 3:00 am in Fridays from the Frontline

Thursday, October 22, 2009

GMAT Tip: Data Sufficiency

For today’s GMAT tip, our friends at Manhattan Review work through a data sufficiency problem, to show a strategic way to tackle such questions efficiently:

It is true that Data Sufficiency is, in its own way, a unique form of testing question, and most likely quite different from anything you’ve ever seen before.

The concepts being tested here are not only purely mathematical, but logical.  The crux of answering a data sufficiency question correctly is being to test for CERTAINTY and differentiate between CERTAINTY and mere POSSIBILITY.

Let’s test this idea with a real GMAT Data Sufficiency question:

If 2x(5n) = t, what is the value of t?

(1) x = n + 3

(2) 2x = 32

A. Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient.

B. Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient.

C. BOTH statements TOGETHER are sufficient, but NEITHER statement ALONE is sufficient.

D. EACH statement ALONE is sufficient.

E. Statements (1) and (2) together are NOT sufficient.

Let’s start by defining this troublesome word, “Sufficient.”  Sufficient, in the context of a Data Sufficiency, means that an unequivocal, CERTAIN answer can be found to the initial question.  Must you determine that answer?  NO.  All you need to determine is the efficacy of the statement’s clue.

Also, let it be said that the two statements need not have anything to do with one another.  That is why you must test each one individually first.  It’s usually easier to test the simpler-looking statement first.

For the sake of this question, let’s look at Statement 2 first:

(2) 2x = 32

Well, it is easy to determine that x = 16, but we are concerned with the value of t.  Let’s replace 2x with 32 into our equation:

32(5n) = t

Can t’s identity be determined with CERTAINTY?  No, it cannot.  Therefore, we can say with confidence that Statement (2) is NOT sufficient.  Go to your answer choices right away, and eliminate the choices that give independent sufficiency to Statement (2): B, D. Remaining: A, C, E.

Now, we wipe our memories of Statement 2 and examine Statement 1:

(1) x = n + 3

Once again, we are provided with a value for x.  Let’s replace x in our original equation with n + 3:

2(n + 3)(5n) = t

While this simplifies our equation by eliminating one of the variables, we are still no closer to identifying the CERTAIN identity of t. Statement (1) is NOT sufficient.  Now, eliminate the choices that give independent sufficiency to Statement (1): A.  Remaining: C, E.

Note to the short-cutters: you’ve already got a 50-50 chance of answering this question correctly!

Now, how does one test Statement (1) and Statement (2) together?  First, see how you can combine the information into a single, comprehensive statement.  What do we know?  We know that x = n + 3, and we know that 2x = 32.  Since we were able to determine that x = 16 according to Statement (2), we can substitute this CERTAIN value into Statement (1):

16 = n + 3

This is a very easy equation!  n = 13.  Now we have CERTAIN values for 2 of our variables.  Let’s substitute these values into our original equation:

2(16)(5(13)) = t

Stop right here!  Do NOT proceed to do your multiplication, which, without a calculator, will take a good few minutes.  You KNOW that a CERTAIN value for t is going to be found.  That’s all you need to do: C is your answer — when taken TOGETHER, Statement (1) and Statement (2) are sufficient.

Spare yourself the endless numerical testing, number-picking, and operations in Data Sufficiency.  It just isn’t necessary, and eats up your precious time.  There’s only one word you need to remember, and that’s CERTAINTY!

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# posted by Clear Admit @ 8:00 pm in GMAT - Quantitative, GMAT News, GMAT Practice Problem, GMAT Test Prep Company Series, GMAT Tips, General

Global EMBA Programs Top Financial Times 2009 Rankings

Executive MBA (EMBA) programs have had trouble attracting as many students this year as they did last, with the exception of programs that feature classes taught across multiple continents. This according to data collected for the Financial Times’ 2009 EMBA ranking, released October 19th.

Among schools surveyed by the FT, overall enrollment in EMBA programs has dropped 9 percent – and it is believed to have dropped even more among lower-ranked schools. But multi-continent EMBA programs are proving the exception. They are the only programs to have increased enrollment this year, the FT reports.

Unlike regular MBA enrollment, which is often counter-cyclical to the economy, EMBA enrollment generally drops when times get tough, especially as corporate sponsorship dries up. But multi-continent programs are bucking the trend this year, and topping the FT rankings.

Each of this year’s top four programs is taught on at least two continents. They include partnerships between Kellogg and Hong Kong UST Business School (No. 1); HEC Paris, London School of Economics and NYU Stern (No.2); Columbia and London Business School (No. 3); and a program at the University of Chicago Booth School of Business taught in the United States, the United Kingdom and Singapore (No. 4).

Even with a price tag of more than $100,000, these and other multi-continent programs are still attracting students, including many who opt to sponsor themselves. According to Vince Frillici, a Washington, DC-based political lobbyist, his decision to pursue an EMBA now through the OneMBA program at the University of North Carolina’s Kenan-Flagler school is already paying dividends. ““I feel it is adding value for my clients already,” he told the FT.
 
Taught at five schools in Brazil, China, Mexico, the Netherlands and the United States, Kenan-Flagler’s OneMBA was particularly attractive to Frillici precisely because of its global scope. “It’s a cliché, but the whole world is like a global village,” he told the FT.

A change in format for part-time EMBAs has helped support the growth of multi-continent programs. In place of the evening and weekend format of years past, EMBAs now often feature a modular structure in which students study in one-week blocks.  “We find that people will fly one hour for each day [of the module],” dean of EMBA programs at INSEAD, told the FT.

To read the full FT Global EMBA special report article, click here. To view the interactive 2009 EMBA rankings, click here.

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# posted by Clear Admit @ 2:30 pm in EMBA, Part-Time/Executive MBA, Rankings, School: Chicago, School: Columbia, School: INSEAD, School: London Business School, School: NYU Stern, School: Northwestern / Kellogg, School: UNC / Kenan Flagler

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