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APPLICANT RESOURCES
Admissions Director Q&A Clear Admit School Guides Clear Admit Career Guides Clear Admit Strategy Series Clear Admit Interview Guides 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 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 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 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
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
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Get a $10 Amazon.com Gift Card! Contribute your MBA interview reports to the Clear Admit Wiki. Interviewing with b-schools in R2? Download our school by school Interview Guides or send us your CV to learn more about our mock interview services. CATEGORY - SCHOOL: CHICAGO Wednesday, February 03, 2010 Submit an MBA Interview Report for Columbia Business School, Cornell / Johnson, NYU / Stern or UCLA / Anderson, Win a $10 Gift Card to Amazon! Welcome to February’s first installment of Wiki Wednesdays, in which we set a spotlight on the latest submissions to the Clear Admit Wiki, an online repository for MBA applicants to share their experiences with admissions interviews. We’ve received a number of interview reports this past week – for Chicago Booth, Cornell / Johnson, Dartmouth / Tuck, IESE, Michigan / Ross, Northwestern / Kellogg and UVA / Darden – and we’d like to thank everyone who has been sharing their experiences this season! Before getting into contest details, let’s take a peek at a few snippets from some of the latest contributions! A Round 2 applicant to IESE shared the following questions from an adcom member: On behalf of Booth, an alumnus interviewed a Round 2 candidate: Thank you to everyone who has helped fellow applicants by sharing your interview experience! If you’re eager to contribute, we’ll be awarding a $10 Amazon gift certificate to applicants that submit interview reports for Columbia Business School, Cornell / Johnson, NYU / Stern or UCLA / Anderson through next Tuesday, February 9th! In other words, all you have to do is send us your interview field report for the selected schools for inclusion in the Wiki and we’ll send you a $10 Amazon gift certificate. You must send your interview report to wiki@clearadmit.com to be eligible; we’ll post it to the Wiki and notify the winners by e-mail (Limit: one iTunes or Amazon gift card per person). The most helpful and informative reports usually include the following information: Applicants who would like to supplement the information available on the Wiki can check out our Clear Admit Interview Guides, which provide school-specific insight about admissions interviews. Best of luck to those undergoing Round 2 interviews!
Half of Chicago Booth Round Two Interview Invitations Still to Go Out Haven’t received an invitation to interview as part of the University of Chicago Booth Scool of Business’s second round? Don’t despair, says Dean of Admissions Rose Martinelli. Many invitations are still to go out. “I want to assure you that we are still evaluating applications,” she wrote on her blog yesterday. “ In fact, we’ve just crossed 50% as of today,” she continued, adding that her office will need every day between now and the February 17th notification deadline for the round to evaluate the remaining applications and extend interview invitations. She reminded applicants about what they should expect from the interview, encouraging them to be prepared to answer basic questions about the MBA and their own future goals. As examples, she offered the following: • Can I clearly articulate my career plan and future goals? Beyond these types of questions, the interview will be behaviorally-oriented, calling on applicants to discuss how they approached a situation or challenge in the past, she wrote. “Think about experiences that you can use to address these types of questions,” she suggested, and practice a few times with friends or colleagues. Finally, relax and just focus on having a conversation with your interviewer, she said. “Remember, the interviewer knows Booth well, but not you. So feel free to allow the conversation to be two way,” she suggested. The interview is just one of many components of your application, she concluded. Don’t forget that you can follow other applicants’ progress through the interview process – and share your own experience – on the Clear Admit Wiki. And you can check out the Clear Admit Chicago Booth Interview Guide for valuable insight on exactly how to prepare for your own interview. Good luck!
Thursday, January 21, 2010 Chicago Booth Dean Snyder to Assume Deanship of Yale SOM in July 2011 Yale School of Management (SOM) President Richard Levin announced last night that Edward Snyder, former dean of the University of Chicago Booth School of Business, has been appointed as Yale SOM’s new dean, effective July 1, 2011. Snyder, who is currently dean and George Shultz Professor of Economics at Chicago Booth, last month announced his decision to step down as dean there effective June 30, 2010. Snyder will take a year’s leave before assuming the deanship at Yale, during which time Sharon Oster will continue as SOM interim dean. “Ted Snyder is widely regarded as the most successful business school dean in the nation,” Levin said in a statement announcing the appointment. “He brings experience, enthusiasm, and vision to the Yale School of Management, and he looks forward to maintaining the school’s tradition of preparing students for leadership in business and society by raising their awareness of the context in which business operates,” he continued. Levin added that Snyder was especially drawn to SOM because of its openness to collaborate across schools and its focus on global experiences and awareness and that he is committed to pushing forward curricular changes begun by the SOM faculty three years ago. Yale SOM seems happy indeed to have snagged Snyder. The release announcing his appointment ticked off the list of achievements Chicago Booth had under his leadership. Indeed, since Snyder became dean in 2001, Chicago Booth has almost doubled its number of endowed professorships, more than tripled its scholarship assistance to students, moved to a new Hyde Park campus, expanded its presence in Singapore, established a new campus in London, successfully completed a capital campaign and more than doubled its endowment. And in 2008, Snyder announced the unprecedented $300 million gift to the school from alumnus David Booth, for which the school was renamed. At the time of his announcement that he would step down as Chicago Booth dean, Snyder intimated that he would be open to being dean of another school. “My guess is, I’ve got one more big leadership job,” he told the Financial Times on December 10th. In his next role, Snyder will have a new set of efforts to lead. In addition to the curricular changes begun three years ago, Yale SOM is planning the construction of a new campus of its own. In his announcement yesterday, President Levin noted that site clearance and final drawings are underway for the new campus, designed by acclaimed architect Norman Foster, and that construction will begin in summer 2010. Buoyed by a $9 million alumnus gift earlier this month, Levin expressed confidence that the school was on track toward having sufficient funds to proceed with construction on schedule. To learn more, click here.
Tuesday, January 19, 2010 Trivia Tuesday: Chicago Booth’s First-Year Class Welcome to another edition of Trivia Tuesday, our weekly look at the policies and programs that impact the student experience at the leading business schools. Today we turn our attention to Chicago Booth’s incoming class, taking a closer look at the smaller groups that help to structure that school’s first-year experience. Chicago organizes its approximately 550 first-year students into 10 cohorts, and within the cohorts, into 8-9 squads. New students learn their cohort and squad assignments on the first day of CORE, the two-week Chicago pre-term program. Later in the pre-term, the cohorts take a three-day camping trip, during which they participate in teambuilding activities and get to know one another better before the beginning of the academic year in late September. Cohorts Students take the required LEAD class with their cohorts, and the cohort is also the base unit from which members of the Graduate Business Council, Chicago’s student government body, are elected (two per cohort per class). Inter-cohort competitions, such as a series of poker nights with a year-end tournament, take place throughout the first year at Chicago. Despite these activities, Chicago’s cohorts do not seem to foster the strong links created in cohort systems at other schools. This is likely due to the flexibility of Chicago’s core curriculum; at Wharton and Columbia, for instance, cohorts take almost all of their first-year courses together, while Chicago first-year students follow individualized schedules. Squads Upon completion of LEAD, however, the role of the squad dissipates as students pursue their own paths through Chicago’s core curriculum. Squad members sometimes find themselves in the same courses and reunite as study partners, but the official academic role of the squad ends with the LEAD program. For more information on the first-year experience at Chicago Booth or other leading business schools, be sure to check out the Clear Admit School Guides!
Monday, January 04, 2010 Round 2 Reminders from Chicago Booth Admissions Director In a post to her blog yesterday, Rose Martinelli, admissions director at the University of Chicago Booth School of Business, offered a few reminders to applicants who are busy working toward the school’s upcoming January 6th Round 2 application deadline. First, Chicago Booth has extended the deadline for submission of letters of recommendation a full week beyond the application deadline, to January 13th. “With the holidays so close to our deadline, we wanted to remove some of the pressure you may feel in having your recommenders submit on time,” Martinelli wrote. Applicants’ portions of the application must still be in by January 6th at 5 p.m. Central Time in order to be accepted as part of Round 2, but it’s okay if recommender are a few days late, Martinelli explained. Having said that, her office can’t begin to review a candidate’s application until all elements – including the recommendations – have been received, she added. Second, there’s no need to send an official transcript at this stage, Martinelli reminded candidates. A scanned copy as part of your application is all the school needs now. Only candidates who are admitted will need to send official transcripts. Finally, as long as you have taken any relevant entrance exams (GMAT/TOEFL/IELTS) prior to the deadline, all you need to do is self-report your scores in your application, Martinelli wrote. “We will receive the official score reports directly from the test providers as long as you identified Booth as one of your schools,” she added. Beginning today, Martinelli’s full admissions team will be back in the office ready to answer any last-minute questions. Best of luck to all round-two applicants to Chicago Booth from those of us here at Clear Admit. Remember to share your experience and learn from those of others on the Clear Admit Wiki.
Wednesday, December 23, 2009 Chicago Booth Admissions Director Provides Guidance for R2 Applicants In a recent post to her blog, University of Chicago Booth School of Business Admissions Director Rose Martinelli answered some questions and offered some tips to prospective round-two applicants. For starters, she cleared up one question she hears often, namely, whether applicants in the second round are at a disadvantage versus those in the first. “The answer is no,” she writes. “While your fellow Round One applicants have set the bar, so to speak, we get the majority of applications in Round Two. So overall the level of competition between the rounds is not that significant.” Having said that, the same is not true if you’re deciding between rounds two and three, she continued. By round three, there are fewer slots left in the incoming class and most scholarships and fellowships will already have been awarded. She also pointed out that international students who apply in the third round still have ample time to apply for visas, but the timing may be more stressful for those who are placed on the waitlist. In the end, Martinelli advises applying when your application is at its best. “Timing is all about tradeoffs and so we do our best to be clear about what those might be. Now the decision is yours,” she writes. Beyond timing, preparation is critical to a strong application, Martinelli continues. Make sure you’ve done a thorough self-assessment and also do your research on schools. “While there is only one MBA degree, no two MBA programs are exactly the same,” she writes. You must understand why a particular program fits your specific needs and goals and then demonstrate that fit in your application, she advises. Martinelli also urged careful attention to detail in answering essay questions. “Many schools have quite similar essays this year, so if you want to stand out from the pack, it is absolutely important that you answer the questions each school is asking,” she writes. Despite their similarities, the questions are not all the same, she warns. Finally, she encourages applicants to pay a visit to campus, attend one of the more than 70 student-hosted events in cities around the world or participate in a live chat with the admissions staff as part of your research process. And for answers to last-minute questions, she invites applicants to email the admissions office directly at admissions@chicagobooth.edu. Best of luck to all round-two applicants to Chicago Booth! If you haven’t already, don’t forget to check out Clear Admit’s Chicago Booth School and Interview Guides, which can help you in your research and preparation.
Friday, December 11, 2009 University of Chicago Booth School of Business Dean to Step Down in June Another business school will be looking for a new dean come June, according to a report yesterday in the Financial Times. University of Chicago Booth School of Business Edward Snyder will step down as dean in June 2010 after nine years in the role. Snyder’s news comes just 10 days after Harvard Business School’s Dean Jay Light announced that he, too, will step down in June, ending a 40-year tenure on the HBS faculty. Meanwhile, officials at Northwestern’s Kellogg School of Management are conducting a search of their own to find a successor to Dean Dipak Jain, who stepped down in September. Chicago Booth’s Snyder will leave before the end of his second five-year term as dean, which would have finished in June 2011. “Given the strong state of our school and what we have accomplished, I believe now is the right time for the school to search for its next dean,” Snyder wrote in a letter to the Chicago Booth community. “On the personal side, I look forward to taking some time to reflect on the challenges facing management education, analyze some major public policy issues and consider my future,” he continued. In a separate letter to the community, Chicago Booth President Robert Zimmer and Provost Thomas Rosenbaum praised Snyder’s dedication and all he has achieved over the past near decade. They credited him with helping to draw many of the world’s leading faculty to Chicago and doubling the number of endowed professorships at the school, while also maintaining the highest retention rate for senior faculty in five decades. Also under Snyder’s leadership, student scholarship assistance has more than tripled, the dean and provost wrote. The school’s global footprint, too, has expanded to include a planned campus expansion in Singapore, a new campus in London and a key role in the University’s new Center in China. Meanwhile, at home on the Hyde Park campus, Chicago Booth moved its central operations into a dramatic new building. Who will fill all of these open deans’ positions is sure to have the business school community buzzing, the FT noted. At HBS, which has always appointed its deans from within, the two current frontrunners are Rakesh Khurana and Nitin Nohria. The dean’s search committee at Kellogg is slated to propose candidates to the president and provost in early 2010, and interim dean, Sunil Chopra, is considered a potential frontrunner, the FT reported. Meanwhile, Chicago Booth will establish its own dean’s search committee in the next few weeks, the president and provost wrote.
Tuesday, December 08, 2009 December Update from Chicago Booth’s Admissions Director In a post to her blog Sunday, Rose Martinelli, director of admissions at the University of Chicago Booth School of Business, took a moment during one of the busiest times of the year to update anxious round-one applicants about what’s going on in the admission office right now. “After wrapping up over 900 interviews in Chicago and around the world last week, we’re now diligently reading… and reading and reading,” she wrote. In the two weeks left before Chicago Booth issues round-one decisions on December 16th, her team will spend a good portion of its time in committee working to assemble a strong, diverse group of admits, she continued. If you’re among the lucky applicants to be admitted, expect your phone to ring. “In Chicago tradition we’ll make every effort to call each and every admit personally to welcome you to the community we’re so proud of,” Martinelli wrote. Finally, she reminded applicants that the admissions office will be closed for the holidays on December 24th and 25th and again on December 31st and January 1st. Regular office hours will resume on Monday, January 4th. Best of luck from all of us here at Clear Admit to round-one applicants awaiting notification on December 16th. Don’t forget that you can share your news and learn others’ fates on the Clear Admit Wiki.
Tuesday, December 01, 2009 Trivia Tuesday: International Study Trips at Chicago, Columbia, Harvard, NYU Stern and Wharton Welcome back to Trivia Tuesday, our weekly exploration of the details, distinctions and developments of the leading MBA programs. Over the last decade, most business schools have sought ways to provide relevant, hands-on international business exposure within the confines of a two-year degree. The solution that many schools have arrived at is “study trips,” which allow students to spend 1-2 weeks exploring the business environment of another country over the summer or during a mid-semester break. Depending on the school, these trips may be organized through an elective course, by an administrative office, or through a campus student group. For instance, the Chazen Institute at Columbia works with individual students and clubs to organize study trips to countries or regions of interest, while Chicago’s International Programs Office coordinates short-term summer exchanges to Austria, Brazil, France and Germany. Several other business schools offer students academic credit for their travel abroad. At HBS students are able to earn 1.5 credits for their work abroad over the summer between the first and second year, provided they keep a weekly journal and submit a final paper. At Wharton, however, study trips are often closely integrated into full-semester elective courses, with students participating in hands-on consulting projects with firms from outside the U.S. At NYU Stern, the school’s one- to two-week long Doing Business In… (DBI) programs offer an appealing short-term alternative to spending an entire semester abroad. The program is usually offered in three selected locations each year and takes place outside of the normal academic calendar, usually between semester breaks or during Spring Break, making it easy for students to fit the program in at some point during their MBA. Each DBI includes one pre-trip class session and 8-10 full days of scheduled activities in the host country. Admission is by lottery, and classes are taught by the faculty of the host university; these faculty members also award the final pass/fail project or paper grades for the course. In addition to the DBI programs, Stern also offers students the unusual opportunity to study abroad for 1-6 weeks with one of four partner universities in Argentina, Denmark, Germany, or South Korea. These courses usually take place in early- to mid-May, making it possible to arrange a summer internship start date around completion of the course. The one-, three- and six-week programs may earn students 1.5 to 6 credits toward graduation. Although many MBA programs allow students to study abroad for a full semester or to travel abroad as part of a course, few provide summer exchanges through which students can earn credit toward graduation. As knowledge of other cultures and business practices becomes more important to the daily life of business, it will become ever more important for students to gain exposure to international business during the MBA program. Since study trips range from informal and self-directed to formal consulting engagements for academic credit, applicants may want to consider the type of study trip that would best complement their prior international experience and keep this in mind as they apply to MBA programs. For more information on the details of schools’ study trip offerings, be sure to consult the Clear Admit School Guides! For applicants who are sure of their career goals and want to find out which MBA programs offer international study trips that best support these goals, check out the Clear Admit Career Guides!
Wednesday, November 11, 2009 Last Day for Round 1 Interview Invites from Chicago Booth Today is the final day that the admissions committee at the University of Chicago Booth School of Business will issue interview invitations to round 1 applicants. In a post to her blog yesterday, Rose Martinelli, Chicago Booth director of admissions and financial aid, provided some tips to applicants who have been invited to interview on how best to prepare. For starters, she advises applicants to be ready to answer basic questions about personal goals as they relate to the MBA in a clear and organized way. To prepare, Martinelli suggests thinking about and even writing down answers to the following questions: • Can I clearly articulate my career plan and future goals? She went on to remind applicants that much of the Chicago Booth interview is behaviorally-oriented, which is to say that many of the questions will ask you to describe how you behaved in certain situations in the past. So think about some key experiences you might want to use to address these types of queries, she suggests. Last but not least, remember that the interview should be a two-way conversation between you and the interviewer. “Remember, the interviewer knows Booth well, but not you,” Martinelli writes. “Getting to know the person sitting across the table will help you to relax and relate your stories more effectively.” If you’ve landed an interview invitation at Chicago Booth, congratulations! For additional preparation tips, don’t miss the Clear Admit Chicago Booth Interview Guide, available in our shop. Also remember that you can share your experiences and learn from those of other applicants on the Clear Admit Wiki. Good luck!
Thursday, October 22, 2009 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. 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.
Monday, October 19, 2009 Economist 2009 Business School Rankings Released The Economist this week released its annual rankings of top business schools, with European schools IESE and IMD taking the first and second spots respectively, followed by Berkeley’s Haas School of Business, the University of Chicago Booth School of Business and Harvard Business School – in that order – rounding out the top five. In an accompanying article, the Economist helps make sense of why business schools seem to fall in such different orders depending on the ranking you choose. For example, the University of Pennsylvania’s Wharton School barely made it into the top ten in the Economist’s ranking this year (up from 17th last year) but ties for number one (with London Business School) in the Financial Times’ 2009 rankings. Why such disparity? Because the different publications that produce rankings – which include BusinessWeek, the Wall Street Journal and U.S. News & World Report as well as the FT and the Economist – employ different methodologies to compile their lists. According to the Economist article, that publication’s rankings rely heavily students’ own assessment of their time at business school and how their earning power and marketability increased upon obtaining a degree. This year at IESE, 98 percent of graduates found jobs within three months of graduation with an average basic salary of $125,000, propelling the Spanish school to the top of the list. The FT’s rankings, meanwhile, focus on academic research as well as graduates’ salaries. And BW ranks U.S. and European schools separately. Hence the wildly different rankings of schools all in a single year. But as the Economist article point, even as different as they are – or perhaps, because they are so different – the rankings still serve a valuable purpose, which is to highlight the many different ways in which business schools can excel. As always, those of us here at Clear Admit encourage you to consider the rankings as you try to decide which business school will best help you meet your individual goals, but only as one part in a comprehensive evaluation of schools. To view the Economist’s rankings in their entirety, click here.
Tuesday, October 13, 2009 Attention: Future Investment Bankers! If you want to pursue a career in investment banking, it makes sense to choose a business school program with a banking focus and an exceptional track record for placement in the field, right? That’s why we created the Clear Admit Career Guide to Investment Banking—a detailed guide to the programs that best support a career in i-banking. Based on extensive research into the nuts and bolts of a wide range of b-school programs and data about recruitment and placement after graduation, we selected fifteen top schools and provide detailed information for each about academics, extracurriculars, and career support. For example, here is an excerpt about the faculty at Harvard Business School: “Thirty-four professors identify investment banking as an industry of interest, and 15 of these specifically target investment banking as an area of focus for their research activities. The finance faculty includes a number of noted researchers, including one winner of the Nobel Prize in Economics.” A grid of selected HBS Finance faculty—including the aforementioned Nobel Prize winner—is included in the guide, as well as course information and professional experience for each professor. Another excerpt talks about recruitment at the University of Chicago Booth School of Business where recruitment events start early: “Twice a year, the Chicago Booth Career Services Office organizes a Corporate Networking Night focused on financial services and corporate finance. Representatives from industry firms are invited to campus to meet students at an informal reception. One of these networking nights is held in late September for second-year students only, while both first- and second-year students are invited to attend the mid-November reception, More than 25 firms generally send representatives to these function.” Early in the application process this guide will help identify a group of schools worth exploring, while later on it can serve as a basis of knowledge for essays and interviews, as well as a rich source of information about career outcomes and club activities. At the end of the process, this guide can ultimately help candidates make an informed decision about where to enroll. So check out the Clear Admit Career Guide to Investment Banking for guidance at any stage of the application process—available for immediate purchase and download from the Clear Admit shop!
Thursday, October 08, 2009 Financial Times Reports Record Class Sizes at Top Business Schools, Drops at Other Schools According to a Financial Times article last week, many top business schools are reporting record numbers of students this year, the result of higher-than-normal enrollment yields among admitted students. But still other schools are reporting drops in traditional yields. Overall, an unusual combination of factors this year seems to have made predicting class enrollment sizes far trickier than usual. The FT credited Edward Snyder, dean of the University of Chicago Booth School of Business, with predicting accurately that it would be unusually difficult to predict student enrollment this admission season. “This year, I think you can throw out traditional yield information,” he told the FT. Indeed, yields at most top schools have surged this year, which is to say that higher-than-usual percentages of admitted students have chosen to enroll, resulting in record student numbers. Chicago Booth’s enrollment swelled to 592 full-time students, up from 577 last year and higher than ever before. The Wharton School at the University of Pennsylvania, which usually enrolls between 800 and 820 students, this year welcomed 862. Harvard, Stanford, the University of Michigan’s Ross School, and INSEAD also all report record-high enrollments this fall, according to the FT report. At the same time, some schools have seen their yields fall off. An example is the Anderson School at UCLA. Admissions Director Mae Jennifer Shores attributed this year’s lower-than-normal yield to the fact that some prospective students opted to accept offers at schools with bigger brands. “There’s a lot of crossover between UCLA Anderson and the other top schools,” she told the FT. Whether up or down, yield has been unusually difficult to predict this year in part because of competing theories about business schools and recessions, the FT reports. Some argue that an economic downturn makes for an opportune time to go back to school. Others counter that if you have a job, now’s the time to hold tight to it. A drop in international student applications – the result of uncertainty around the availability of student loans and/or post-graduation jobs – has also made it more difficult for admissions offices’ to accurately gauge yield. Columbia Business School saw its yield drop this year, which Assistant Dean Linda Meehan attributes at least in part to a drop-off in overseas applications. Even so, she finds the overall drop in yield hard to understand. “This last year was a very different year and different from other downturns,” she told the FT. To read the FT article in its entirety, click here.
Tuesday, September 22, 2009 Trivia Tuesday: Chicago Booth’s International MBA It’s time once again for Trivia Tuesday, our weekly examination of the programs, policies and possibilities at the leading business schools. As business goes global, business leaders are increasingly expected to understand the nuances of doing business on the international stage. For prospective students interested in a career in international business, Chicago Booth’s IMBA offers an intriguing option. Chicago Booth is one of the few leading MBA programs to offer students an opportunity to pursue a specialized International MBA (IMBA) degree. To receive the IMBA, full-time MBA students must study abroad for one academic term, demonstrate proficiency in a non-native language and complete a concentration in international business. The concentration in international business consists of at least five courses in international business, at least three of which must be from Chicago Booth. While students must demonstrate non-native language proficiency, they do not need to do so in the language spoken while studying abroad. For instance, international students may fulfill the program’s language requirement through demonstrating proficiency in English and their native language. In keeping with Chicago Booth’s reputation for academic flexibility, students do not need to apply to the IMBA program until the first quarter of the MBA. In contrast, candidates for specialized degree and certificate programs at many other business schools must declare this during the general admissions process. For more information on Chicago Booth’s International MBA option or the international offerings at other leading business schools, be sure to check out the International Programs/Special Programs sections of the Clear Admit School Guides!
Tuesday, September 08, 2009 Trivia Tuesday: School-Wide Socializing Welcome to another edition of Trivia Tuesday, our ongoing series exploring the programs, resources and opportunities available at the leading business schools. Although most of our columns have focused on the academic options schools offer, this week we turn our attention to students’ opportunities for socializing with classmates. Since creating a strong network of friends and future colleagues is one of the lasting benefits of business school, prospective students may want to examine the ways in which schools help classmates get to know each other and build relationships. One popular method schools use to bring students together is program-wide happy hours. These events are usually held at the end of the academic week and tend to be organized by the MBA student government. For instance, a staple of Wharton’s social life is Pub, held Thursday evenings throughout the academic year. MBA students pay a membership fee at the beginning of the year for access to all club events as well as all the rotating wines and beer, pizza and non-alcoholic drinks they desire. Other Wharton clubs take turns sponsoring the weekly pubs; previous themes included Japan Night, Pink Pub: Wharton Women in Business, and Europa Oktoberfest. With over 85% of Wharton students typically joining the Pub, it is one of the best ways to meet Wharton classmates. MIT Sloan’s Consumption Function happy hours (C-Functions) are also a popular part of student social life. Held most Thursday evenings during the academic year, the C-Functions are a great way to get together with classmates and other members of the Sloan community in a relaxed, non-academic setting. The events are organized by the Sloan Activities Board, but are usually sponsored by other clubs on campus and have weekly themes. Past themes include the 1970s, Brazil, Meet the Faculty, Oktoberfest and the Canadian C-Function. In a similar vein, Chicago Booth hosts weekly Liquidity Preference Functions each Friday afternoon, Columbia Business School hosts Thursday Happy Hours in the Uris Hall deli (with rotating post-Happy Hour destinations), and Kellogg students gather each Friday in the Atrium for the Kellogg TG (reputedly short for “Thank God it’s Friday”). Most schools invite prospective students visiting campus to drop by the happy hour, and attending one of these events can be a great way to talk with current students and learn about the campus culture. For more information on the social side of the leading MBA programs, be sure to check out the Clear Admit School Guides!
Thursday, September 03, 2009 Chicago Booth’s Rose Martinelli Answers Application Questions As the University of Chicago Booth School of Business prepares to welcome students to campus next Tuesday, MBA Admissions Director Rose Martinelli devoted a post this week on her blog to questions she’s been getting from prospective applicants about the MBA application process. One of the most common questions she’s received has to do with the slide presentation component of the application, Essay 3, which invites applicants in four slides or less to answer the following question: What have you not already shared in your application that you would like your future classmates to know about you? Underlining it for emphasis, Martinelli stressed the first portion of the question, namely that it’s an opportunity for applicants to highlight something they haven’t already covered in the more traditional application components. “We find this a useful tool in order to understand what you deem important in your personal and professional life,” she writes, adding that the admissions committee has no specific expectations for what you might share here. “You have complete freedom in sharing what you think would be relevant for us to know about you,” she says. Martinelli also encourages applicants not to get too hung up on the slide presentation aspect. Content is more important than presentation skills, she assures. “You don’t need to be a graphic genius or an experienced consultant to be successful,” she writes. “You can use words, images, graphs, etc. to communicate your messages.” With those points cleared up, Martinelli provides a few concrete recommendations for how to approach Essay 3. Think about any key messages or activities you want to communicate to the admissions committee about yourself that may not have been covered in other parts of your application, she advises. Here’s your chance to get them in. “I would start by putting a written description on each page of the presentation and then spend some time thinking about how you might convey these messages,” she suggests. “Don’t get bogged down by trying to be creative; focus on communicating effectively.” Take advantage of the freedom the slide presentation component provides to share what you think is important about yourself as an applicant, Martinelli stresses. But do be strategic in what you decide to include, and make sure that it’s relevant to your candidacy. Good luck everyone! As a reminder, Chicago Booth’s first round application deadline is October 14th.
Monday, August 31, 2009 Admissions Tip: Off-Campus Information Sessions For all those applicants who have recently opened a calendar to plot out the next few months only to realize they can’t possibly fit in campus visits on top of full time jobs and essay writing, never fear! It’s true that traveling to a school’s campus is the ideal way to learn about their MBA program, but visiting is often not a viable option for applicants who are located remotely or unsure of their level of interest in a given school. The good news is that business schools might very well come to them. Many b-schools are getting ready to hit the road and embark on worldwide tours to dispense information and recruit qualified applicants. Such events offer a great opportunity for interested students to meet with admissions staff (and sometimes with current students and/or alumni), learn about the program and ask specific questions. Some of the top schools are already on the road, so we recommend looking into the travel schedules for programs of interest and planning accordingly. Keeping in mind that these schedules are updated and amended throughout the fall, here are some of the top programs’ itineraries for the months ahead: Berkeley / Haas: Chicago Booth: Columbia: Duke / Fuqua: HBS: Northwestern / Kellogg: Michigan / Ross: MIT / Sloan: Stanford GSB: NYU / Stern: Dartmouth / Tuck: UCLA / Anderson: UNC / Kenan Flagler: UVA / Darden: U Penn / Wharton: Yale SOM: IESE: IMD: INSEAD: LBS:
Friday, August 07, 2009 Chicago Booth’s Rose Martinelli Provides Additional Advice for Re-Applicants In a follow-up post this week to an earlier blog entry directed toward those considering reapplying to the University of Chicago Booth School of Business, Director of Admissions Rose Martinelli provided more specific advice on how to tackle the various components of the application itself. “It’s important to approach this as if you are writing your personal business plan for the future,” she began. “Know what messages you want to convey and map them into the different components of the application before you begin writing.” Best of luck! And remember, as you approach the re-application process to Chicago Booth or any other top business school, Clear Admit admissions counselors are available and ready to help. To be connected with one, call (215) 568-2590 or email info@clearadmit.com.
Thursday, July 30, 2009 Chicago Booth Admissions Director Provides Pointers on Reapplying Taking advantage of a quiet day before her team returns from vacation next week, University of Chicago Booth School of Business Director of Admissions Rose Martinelli devoted a recent post on her blog to the reapplication process, noting that she’s received several requests for information about it from prospective re-applicants. And don’t take shortcuts, Martinelli advises. “My recommendation is that you take a fresh approach to crafting your application this year and avoid adapting old essays or presentations,” she suggests. Best of luck! And if you would like help evaluating whether or not you should reapply or preparing a second application, don’t hesitate to contact Clear Admit’s team of admissions consultants by calling (215) 568-2590 or emailing info@clearadmit.com.
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MBA Twitter Index! We've created the MBA Admissions Twitter Index, a directory of applicants, current MBA students and b-schools on Twitter.Wiki MBA Admissions WikiThe Clear Admit Wiki is designed to allow b-school applicants to share their experiences through the application process. You can learn from others' experiences and contribute your own reports to the community. Below are the five most popular pages in the wiki: Wharton Interview Field Reports HBS Interview Field Reports Kellogg Interview Field Reports Chicago Interview Field Reports Columbia Interview Field Reports Discussion Boards BusinessWeek ForumsThe BusinessWeek Discussion Boards are another way to learn about the issues applicants face. Clear Admit hosts the Ask Clear Admit thread, which should help answer your questions. Here is a link to the original interface (for those of you who didn't like the recent upgrade). Also, here are the five most recent discussions taking place in the forum: Clear Admit is a featured expert in the BeatTheGMAT forums, answering questions from applicants across the globe. Feel free to ask us your questions in this forum! Here are the most recent posts: Clear Admit manages the Applying section of the StudyLink MBA discussion boards. Below are the five most recent posts to the GMAT Club message boards.
The student-2-student Discussion Boards are managed by Wharton. Here are the five most recent discussions. School-Hosted Blogs Straight from the source: aggregated posts from students and administration. Below are the seven most recent posts in school-hosted blogs. Individuals' Blogs A selection of the latest updates to MBA blogs compiled by Hella.MBA Applicants Bloggers by School The following are links to bloggers at each of the schools listed.Chicago Columbia Dartmouth / Tuck Duke / Fuqua Harvard Kellogg Michigan MIT / Sloan New York / Stern North Carolina / Chapel Hill Stanford Virginia / Darden Wharton Yale ESADE IESE INSEAD London Business School Community Blogs Bshoolers.comCommunity blog with MBA student and alum contributors. Forté Foundation MBA Diaries Video blog entries posted by women MBA students. Owen Bloggers Independent blog with content by Vanderbilt MBA students. Best of Blogging 2008-2009 Top Ten:
Best of Blogging 2007-2008 Top Ten:
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