The American Economic Association last week awarded the 2014 John Bates Clark Medal to a professor at the University of Chicago Booth School of Business. Chicago Booth Professor Matthew Gentzkow won the top honor, which is awarded each year to an American economist under the age of 40 judged to have made the most significant contribution to economic thought and knowledge.
The Clark Medal, named after American economist John Bates Clark (1847–1938), is considered one of the two most prestigious awards in the field of economics, along with the Nobel Prize in economic science. Continue reading…
When it comes to the satisfaction of its MBA alumni, Stanford Graduate School of Business bests all other business schools, according to Forbes most recent biennial ranking. Forbes evaluated responses from 4,600 graduates from the Class of 2008 to arrive at its top 10 list, polling them on salary and ROI, satisfaction with their education and the preparation it gave them and how happy they are in their current job.
Stanford ranked in the top five among schools across all three categories in the 2013 Forbes survey. Its grads reported higher salaries than any others, with median total compensation of $221,000 five years out of school. Stanford grads also gave the school top scores when asked about their education and how prepared they felt relative to graduates from other MBA programs. As far as job satisfaction, Stanford ranked fourth. But when Forbes averaged the satisfaction scores across all three categories for the 50 U.S. schools with the most responses to the survey, Stanford came out on top overall. Continue reading…
Submit an MBA Interview Report from UPenn / Wharton, U. Chicago Booth, Berkeley / Haas, Cornell / Johnson, or UT Austin / McCombs and Win a $10 Amazon Gift Card!
Welcome to this week’s Tell Us Tuesday, where we highlight MBA interview reports that have recently been posted to our Interview Archive. Over the past few weeks, we have received interview reports from a variety of schools, including LBS, Northwestern / Kellogg and NYU Stern, so thank you to everyone who submitted! The following is an excerpt from a Round 2 Kellogg applicant’s report submitted earlier this month:
“Firstly, I’d like to thank everyone who’s contributed here. These interview reports were very helpful. I hope this one helps future applicants too. We met at the interviewer’s office. He was all things Kellogg – driven but warm and friendly. I don’t think he’d read my application beforehand.
The questions were :
1. Why Kellogg? I put this in context of what my long-term plans were, why MBA, and finally the school. We spent quite a long time on this question.
2. Talk me through one project where you had to lead. What is your leadership style?
3. Talk me through a challenge you faced on a project.
4. Is the GMAT representative of your intellectual ability? (he mentioned he had no idea what my score was) Continue reading…
U.S. News & World Report released its annual rankings of the best graduate schools, and a familiar cast of characters topped the list of top business schools, though with a few minor shifts. The Wharton School at the University of Pennsylvania sashayed up from third place up to tie for first with Harvard Business School and Stanford Graduate School of Business. The University of Chicago Booth School of Business gained some ground as well, moving up from the No. 6 spot last year to No. 4 this year.
Northwestern University’s Kellogg School of Management, meanwhile, dipped – sliding into the No. 6 spot vacated by Chicago Booth. MIT’s Sloan School of Management, which tied with Kellogg for fourth last year, also slipped, falling to fifth place. Continue reading…
Chicago Booth School of Business Promotes Its Chicago Business Fellows Program for Young Professionals
Through posts to its Evening and Weekend MBA Admissions Blog and Twitter, the University of Chicago Booth School of Business is getting the word out about its Chicago Business Fellows (CBF) program, designed for prospective applicants with limited work experience who want to earn an MBA while continuing to work.
CBF, which debuted in 2005 as a subset of its Evening MBA and Weekend MBA programs, features a range of advantages for young professionals, including several sources of support throughout the program. CBF students in their first quarter take one or two academic courses, as well as one required professional skills development course. Students also receive peer coaching throughout the program and participate as part of a unique cohort system designed to provide further support. Continue reading…
Overview: Conversational interview with an Admissions Fellow on campus.
The interview ran about 40 minutes though we had actually scheduled a full hour.
The Admissions Fellow asked basic questions including:
1. Tell me about yourself
2. Why MBA?
3. Why Booth?
4. Why now?
5. Short -term and long-term goals
6. Clubs at Booth?
7. Specific classes at Booth?
8. Free time – what do you do with it?
9. What do you wish I had asked you about?
10. Any questions for me?
I interviewed with an alumnus of the class of 2013. The interview was blind; he had my resume a week before our meeting.
We met at a coffee shop near his office. He ran me through his background before Booth, a few thoughts on his time there, his work since then, and then introduced the format for the interview. He said he would open the floor for me to walk him through my résumé and we’d go from there. He said he’d stop me for questions as needed. I had prepared for this, so I introduced three themes that run through my work history and then started with my undergrad background. I walked him through the major steps of my background, pivoted to “why an MBA?” and then moved into “Why now?” and “Why Booth?” I had specific elements of the curriculum, concentrations, clubs, and labs in mind and mentioned those. I pivoted to my goals post-MBA and had specific industries, functions, and employers ready to talk about. This was a very standard MBA interview. He took lots of notes during this time.
I pre-empted a number of his questions by the way I structured my answers, so he didn’t have to ask directly. There were a few specific questions based on my answers, but nothing surprising. He did ask if I had visited campus, which I had. He had some thoughts about employers, and we had a 5 minute diversion talking about the strength of Booth’s recruiting and how good the 2013 jobs report was.
We moved to questions that I had for him. I had prepared one about my background and how it might fit with Booth, one about the classroom dynamic, and one about lifestyle stuff. This led us to about 15 minutes of discussion about all kinds of aspects of the culture, community, and life in Chicago.
Overall, the interview was very positive, conversational, and encouraging. He commented favorably on my work experience and suggested that recruiters would look on it well. I walked away feeling even more positively about Booth than I did going in, and I was glad I had prepared well. I’d say the interview was basic/straightforward in a good way.
To summarize, be prepared for the following and get to this without being prompted:
1. Walk me through your resume
2. Why MBA?
3. Why now?
4. Why Booth?
5. What do you want to do post-MBA? Why is that a good fit for you?
6. What questions do you have about Booth?
It was very conversational. Lasted about 45 minutes. She didn’t ask me the “walk me through your resume” question, but she did ask specific questions about my resume.
1. Why MBA and why now?
2. How did you became interested in Chicago?
3. How will you contribute?
4. Talk to me about some highlights during your undergrad.
5. If your friends had to describe you in three words, what would they say?
6. What attributes do you think a leader should have and which ones do you have?
7. 3 strengths and 3 weaknesses
8. Talk to me about your hobbies.
9. Talk to me about your volunteer work.
10. Questions for her
I had my Chicago Booth interview on campus this week with a 2nd year student. Here were the questions asked:
Walk me through your resume/Tell me about yourself, starting with where you grew up.
If your friends had to describe you in three words, what would those words be?
An example of a failure
A decision you regretted
The interview was held off-campus (November 23, 2013), with an alumnus who graduated in 2008, in Sao Paulo / Brazil. It was part of a full day of interviews organized by the department of admissions, and lasted about 1h15min.
1. Walk me through your resume (asked several questions on my CV, focusing on skills I developed in each job and career changes)
2. Tell me about a situation when you learned something from someone different from you
4. Tell me about a situation when you failed
5. What are your short- and long-term goals?
6. What are your passions?
7. Why Booth?
8. Why MBA now?
9. Questions for him
This interview was very casual overall, similar to my Ross and Kellogg interviews. I was asked typical questions about “Why MBA,” “Why Booth,” and “Why now” right after going over my resume.
The interviewer had me walk through my resume and through each one of my experiences asked follow up questions on what I had learned, any project or group work I did, and times of leadership.
He asked me specifically about time management and how I planned on balancing my commitments in the future.
The student overall was very friendly and was working off a grid of questions to make sure he hit key areas like leadership, teamwork, and school fit. He also talked a lot about the classes, professors, and rigor of the program.
My overall opinion on the interview was the student was much more concerned about my fit to Booth than the depth of my answers.