Accepted has posted the transcripts from the recent chats with MIT Sloan and Wharton. If you are applying to these schools, I encourage you to review the them. Here are excerpts:
MIT Sloan Q&A with Rod Garcia and Jennifer Barba:
Nikhil (Aug 12, 2009 12:06:36 PM)
Jen: How important are Grad school GPAs if the major is the same as undergrad?
JenniferBarbaMIT (Aug 12, 2009 12:07:43 PM)
Nikhil, we are interested in seeing how well you've done in any academic setting, but we are looking at your undergraduate transcript as an indicator of academic success, because that is the one constant with all applicants.
Sonny (Aug 12, 2009 12:11:22 PM)
Rod: For the 2 recommendations, do they both have to be from supervisors or can one be from a peer?
RodGarciaMIT (Aug 12, 2009 12:12:03 PM)
Sonny: In my experience, recommendations from supervisors offer richer information than peers.
josetomas (Aug 12, 2009 12:12:18 PM)
Rod: Are there scholarships for international students? Are there no-co-signor loans?
RodGarciaMIT (Aug 12, 2009 12:13:55 PM)
Yes Josetomas, there are fellowships for everyone, but in limited quantities. We also have guaranteed loans for both US and non-US students. Additionally there are over 170 teaching and research assistantship positions available to our students and they pay anywhere from 33% to 55% of a semester's tuition if I recall correctly.
Min (Aug 12, 2009 12:15:58 PM)
Rod: I know that in my essays, I'm advised to address topics within the last three years. Do I have to apply that same time frame to the cover letter?
RodGarciaMIT (Aug 12, 2009 12:16:06 PM)
JenniferBarbaMIT (Aug 12, 2009 12:16:02 PM)
Over the summer, our MBA Admissions team has been busy setting up a special site for prospective applicants. It's called MIT SloanSpace. Here you can create a customized site that will allow for you to access the latest information on MIT Sloan. By completing your interest page, you'll be given access to this great tool.
2010 Wharton MBA Admissions Q&A with J.J. Cutler and Ankur Kumar
John (Aug 26, 2009 12:04:36 PM)
What are you looking for reapplicants to demonstrate in their application package?
AnkurKumarWHARTON (Aug 26, 2009 12:11:43 PM)
Hi John, regarding reapplicants, we are looking for them to help us understand how their candidacy has developed and grown over the time since they last applied. That is something one can demonstrate in all aspects of the application - from continued career progression, increased awareness and insights, new experiences, to retaking the GMAT.
Linda Abraham (Aug 26, 2009 12:09:29 PM)
JJ: To follow up on the last response, what makes an applicant a good fit with Wharton?
J.J.CutlerWHARTON (Aug 26, 2009 12:11:49 PM)
Linda, a good fit for Wharton would be as follows: We look for people who are intellectually curious, who ask "why" a lot, who want to make a positive change, who like to work with other people, who like tackling complex difficult problems, who see the current economic "crisis" as an opportunity, who wants to be "in the game" as opposed to "watching the game," who will make Wharton and their classmates better, and who ultimately will make the world better.
John (Aug 26, 2009 12:25:47 PM)
J.J.- Do you expect the upcoming applicant pool to be the same size as last year's applicant pool?
J.J.CutlerWHARTON (Aug 26, 2009 12:28:54 PM)
John, that seems to be one of the BIG questions this year! If I had to predict, I would say that the pool will continue to grow moderately. Now that the macro-economic news is brightening in Japan, Europe, Latin America, and the U.S., I think we will see strong numbers from those regions in addition to the strong numbers we continue to see in economies that were less hard-hit like India and China. The decision to apply to Wharton is not one that people take lightly, so people don't tend to apply on a whim regardless. And the ROI continues to be strong, especially for the high-quality top-tier schools.
Roshni (Aug 26, 2009 12:53:50 PM)
Ankur, the essay question on career goals is different from last year's question. So does it mean we should focus more on our goals than our current career progress in that essay?
AnkurKumarWHARTON (Aug 26, 2009 12:57:33 PM)
Roshni - this is another example of judgment being a key component of the application process. It's hard for me to say how much emphasis or focus you should place - to the extent that your current career progress is important for us to understand your goals, then you should tell us as much or as little as you think important to tell your story.
These are just snippets from the Q&As. If you are applying to Wharton or MIT, I encourage you to review the transcripts. You may just find the answer to that question you've been wondering about.