Find all School-related info fast with the new School-Specific MBA Forum

It is currently 17 Sep 2014, 13:59

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

Nonprofit?

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
Manager
Manager
avatar
Joined: 31 Oct 2007
Posts: 242
Followers: 1

Kudos [?]: 22 [0], given: 0

GMAT Tests User
Re: Nonprofit? [#permalink] New post 14 Jan 2008, 06:43
I sort of consider my work experience also community work -- I mean, I made no money and worked with low-income people for 6 straight years, one of those years as an AmeriCorps*VISTA (think domestic peace corps). But I did other stuff too - founding member of the Ithaca Cooperative Softball League, spent two years as team captain and League Commissioner. Take Back the Night Treasurer. Board Member: Recycle Ithaca's Bicycles & Ithaca Health Alliance. On the steering committee of my trade association. Did foster dog care. Talked about all the work we did on our house in Ithaca. And was super-busy in college with this stuff, so some of that was included.

4. My unsolicited advice: don't worry about the black marks. You seem like a well-rounded person with a good package. Think about what your profile is, and how you want the adcoms to think of you. Socially Minded Finance Guy seems like a good label. Make sure your essays support that, or whatever other themes you have in mind.

Where did you apply?[/quote]

wow, you did a ton of community work. that's impressive. it seems that anyone writing about their NP aspirations better have a demonstrated history of NP sort of work (like you do) or they're going to be in trouble in the app process. i wonder if anyone ever tries to "game" the process by lying about wanting to go into NP -- i doubt that ever works. further, i wonder if the schools weight NP work differently. anyone in that space is less likely to have a highly defined career trajectory -- it's definitely not rigidly defined in the way that, say, banking is. therefore, it seems that "other" kinds of experience, like volunteering, etc. "should" be given more weight if it is relevant to one's future plans. when filling out my apps, though, i kind of felt like anything outside of work was considered less important. i wrote a lot about my values in my essays and cited specific examples of volunteer / NP stuff that i had done that was consistent with my values -- but it felt a little hodge-podgey.

i applied to:
Harvard
Wharton
Stanford
Chicago
Columbia

i probably should have applied to K as well, but just couldn't get excited about the school during my research.

since i have a different sort of background, i really have no idea what my chances are. i know that i would be relatively less competitive if i had applied under a straight finance slant (no pedigree, no BB IB experience, no uber stats, etc.). since my intended career is 50% NP / 50% finance, i wrote my essays to reflect that. hopefully the schools practice what they preach and form well defined classes of people who want to learn finance, instead of just filling the class with bankers. i guess we will see.

thanks for the advice / feedback.
Director
Director
avatar
Joined: 09 Jan 2007
Posts: 707
Followers: 1

Kudos [?]: 12 [0], given: 0

GMAT Tests User
Re: Nonprofit? [#permalink] New post 14 Jan 2008, 06:56
Nice set of schools.

I was going to chime in and say that you should look into schools that are not strong in non-profit because this will probably maximize your chances of getting in... which is the goal, right?

For instance, Yale enrolls 5-10% from non-profit (probably not accurate... just off the top of my head), and Yale is known for non-profit, so they must get tons of non-profit applicants.....

but Colombia probably gets less non-profit applicants, so your chances at Colombia could be better.
SVP
SVP
User avatar
Joined: 01 Nov 2006
Posts: 1855
Schools: The Duke MBA, Class of 2009
Followers: 16

Kudos [?]: 179 [0], given: 2

GMAT Tests User
Re: Nonprofit? [#permalink] New post 14 Jan 2008, 07:23
I obviously don't have a phd in microfinance (btw - where did you find such a thing??), but I would guess that a PhD in microfinance is NOT duplicative of an MBA. I've looked at a number of development programs -- they tend to be focused much more on policy, theory of development, research methods, that kind of stuff. Pretty minimal cross-over with the MBA, especially when you're taking groups of entire courses in acctg or finance or marketing. Some development programs include a taste of these courses, but they're a bit watered-down. It's more about how to read your balance sheet, not about how to interpret or make one or compare them, if you get my drift.
SVP
SVP
User avatar
Joined: 01 Nov 2006
Posts: 1855
Schools: The Duke MBA, Class of 2009
Followers: 16

Kudos [?]: 179 [0], given: 2

GMAT Tests User
Re: Nonprofit? [#permalink] New post 14 Jan 2008, 07:34
gmatclb wrote:
Nice set of schools.

I was going to chime in and say that you should look into schools that are not strong in non-profit because this will probably maximize your chances of getting in... which is the goal, right?

For instance, Yale enrolls 5-10% from non-profit (probably not accurate... just off the top of my head), and Yale is known for non-profit, so they must get tons of non-profit applicants.....

but Colombia probably gets less non-profit applicants, so your chances at Colombia could be better.



I think gmatclb is right. Yale blew me off completely (not even an interview!) while schools that tend to rank slightly higher let me in and gave me money. I don't know the actual reason, but my relative lack of uniqueness may well have been a factor.

Your portfolio is all from the UE tier - I respect you for that. There's a lot of volatility as you go higher in the rankings. In case you need or want to consider schools from the elite cluster, these schools all struck me as being fairly solid in the NP sector:

Michigan
Duke
Cornell
Yale
Berkeley
Dartmouth

NYU, Darden, and UCLA didn't do it for me, though I don't remember why. Some of them have LRAP (loan repayment assistance program) and some don't.
Manager
Manager
avatar
Joined: 31 Oct 2007
Posts: 242
Followers: 1

Kudos [?]: 22 [0], given: 0

GMAT Tests User
Re: Nonprofit? [#permalink] New post 14 Jan 2008, 07:41
gmatclb wrote:
Nice set of schools.

I was going to chime in and say that you should look into schools that are not strong in non-profit because this will probably maximize your chances of getting in... which is the goal, right?

For instance, Yale enrolls 5-10% from non-profit (probably not accurate... just off the top of my head), and Yale is known for non-profit, so they must get tons of non-profit applicants.....

but Colombia probably gets less non-profit applicants, so your chances at Colombia could be better.



i wondered about this. all of the schools i applied to except chicago have social enterprise / NP electives even if they are not known for as NP schools. i figure that the schools must intend to fill these courses or they would not offer them (i doubt they set out to waste their own resources). so common sense would dictate that they will select a certain number of students with relevant experience who state a desire to enroll in these programs. do they admit a lot of NP students? i guess it depends on what one means by a lot. 5-10% of a 900 person class (HBS) is a decent number, but i guess it depends on how many NP people apply. if they let in 90 out of 300 applicants, then any one of those people has a pretty decent chance (i just made those numbers up, i really have no idea).

Anyway,

Havard - well developed social enterprise curric.
Stanford - social enterprise certificate (can't remember the name)
Wharton - dual degree program with school of social policy; certificate of non-profit administration through the Fels Institute of Govt. at Penn.
Columbia - extensive list of nonprofit electives
Chicago - nothing unless i overlooked something.

i wouldn't call any of these schools NP friendly (except maybe stanford), but 4/5 offer some kind of NP course of study.
Manager
Manager
avatar
Joined: 31 Oct 2007
Posts: 242
Followers: 1

Kudos [?]: 22 [0], given: 0

GMAT Tests User
Re: Nonprofit? [#permalink] New post 14 Jan 2008, 07:50
I think gmatclb is right. Yale blew me off completely (not even an interview!) while schools that tend to rank slightly higher let me in and gave me money. I don't know the actual reason, but my relative lack of uniqueness may well have been a factor.

Your portfolio is all from the UE tier - I respect you for that. There's a lot of volatility as you go higher in the rankings. In case you need or want to consider schools from the elite cluster, these schools all struck me as being fairly solid in the NP sector:

Michigan
Duke
Cornell
Yale
Berkeley
Dartmouth

NYU, Darden, and UCLA didn't do it for me, though I don't remember why. Some of them have LRAP (loan repayment assistance program) and some don't.[/quote]

yes, i think i may be over reaching by going only for UE schools. i'm in kind of a bind though. i want to do NP finance, but doing so is going to require experience first -- i can't just roll into a NP endowment after b school and get a job as a portfolio manager. endowments usually hire people with experience, so it seems to make sense to get experience at the best possible firm first. to do that, one must attend the best possible school. i don't know if any of the schools listed above, save perhaps Michigan, will get me into a good buyside firm right off the bat.

i'm ready to go now, but i guess if i don't get in, it won't be the end of the world. i'm still fairly young (25), so another year of workex wouldn't kill me, and i would have time to pass the last CFA exam + raise my GMAT another 50 points. fingers crossed... i can only attend one school so i only need one admit.
Manager
Manager
avatar
Joined: 23 Jun 2010
Posts: 110
Followers: 1

Kudos [?]: 10 [0], given: 27

Re: Nonprofit? [#permalink] New post 17 Aug 2010, 13:45
Bump.

Just wanted to revive this thread in case there are any others out there with any interest in non-profit work post-MBA.

A question that keeps hounding me: Might citing non-profit work as a career goal work to your disadvantage, even at a school that touts its social responsibility? I wonder if schools worry that another non-profit applicant will bring their average salary figures down and deprive them of more tuition dollars by taking advantage of the school's LRAP. Any thoughts?
SVP
SVP
User avatar
Status: Burning mid-night oil....daily
Joined: 07 Nov 2008
Posts: 2400
Schools: Yale SOM 2011 Alum, Kellogg, Booth, Tuck
WE 1: IB - Restructuring & Distressed M&A
Followers: 71

Kudos [?]: 688 [0], given: 548

GMAT Tests User Reviews Badge
Re: Nonprofit? [#permalink] New post 17 Aug 2010, 14:09
skahuh wrote:
Bump.

Just wanted to revive this thread in case there are any others out there with any interest in non-profit work post-MBA.

A question that keeps hounding me: Might citing non-profit work as a career goal work to your disadvantage, even at a school that touts its social responsibility? I wonder if schools worry that another non-profit applicant will bring their average salary figures down and deprive them of more tuition dollars by taking advantage of the school's LRAP. Any thoughts?


There are better options out there than pursuing a MBA degree if your goal is running a non-profit organization after grad school. Only few select bschools offer specialized electives geared towards running a nonprofit. But traditionally, many highly qualified individuals instead pursued MPA degrees from top schools (NYU Wagner, Harvard Kennedy School, Princeton Woodrow Wilson, Berkley, Michigan, Georgetown, Duke, CMU, etc)

MPA programs are geared towards individuals interested in running non profit orgs after grad school. It provides business education, as well as unique electives that will expose you to various issues that you may run into when running a non profit org. They may boast better alums in the world of non-profit, and programs like Harvard Kennedy School is arguably more prestigious than some of the top MBA programs.
_________________

Get the best GMAT Prep Resources with GMAT Club Premium Membership

Manager
Manager
avatar
Joined: 23 Jun 2010
Posts: 110
Followers: 1

Kudos [?]: 10 [0], given: 27

Re: Nonprofit? [#permalink] New post 17 Aug 2010, 14:43
nink wrote:
There are better options out there than pursuing a MBA degree if your goal is running a non-profit organization after grad school...


Perhaps. And maybe if your sole goal is to run a non-profit. But I'd rather not even go there...

What do you guys think about it from the admissions perspective? (See my questions, above.)
Re: Nonprofit?   [#permalink] 17 Aug 2010, 14:43
    Similar topics Author Replies Last post
Similar
Topics:
1 Experts publish their posts in the topic Nonprofit options tripsd 6 17 Mar 2013, 19:50
Nonprofit? sudden 28 10 Jan 2008, 10:52
Nonprofit Management MBA Antmavel 4 13 Nov 2005, 18:23
According to Interstudy, a nonprofit organization that rahulraao 8 09 Nov 2005, 18:36
According to Interstudy, a nonprofit organization that ywilfred 2 03 Sep 2005, 01:12
Display posts from previous: Sort by

Nonprofit?

  Question banks Downloads My Bookmarks Reviews Important topics  

Go to page   Previous    1   2   [ 29 posts ] 



GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.