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London Business School Deadlines, Essays for August 2015 Int [#permalink] New post 14 Aug 2014, 09:00
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FROM Stacy Blackman Consulting Blog: London Business School Deadlines, Essays for August 2015 Intake
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London Business School has posted the four application stages and essay prompts for the upcoming MBA admissions season.

Deadlines
Stage 1
Deadline: October 3, 2014
Decision Notification: December 11, 2014

Stage 2
Deadline: January 5, 2015
Decision Notification: March 26, 2015

Stage 3
Deadline: February 27, 2015
Decision Notification: May 14, 2015

Stage 4
Deadline: April 17, 2015
Decision Notification: June 25, 2015

Essays
The essay questions for the MBA class of 2017 are:

  • What are your post-MBA plans and how will your past experience and the London Business School programme contribute? (500 words)
  • How will you add value to the London Business School community? (300 words)
  • Is there any other information you believe the Admissions Committee should know about you and your application to London Business School? (400 words)
* * *
Admissions for the August 2015 intake will open in late August.  All applications are due by 17:00 GMT on the day of the deadline. If you require a visa to study in the UK, LBS encourages you to apply in Stages 1 – 3.

For more information, please visit the London Business School admissions website.

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MBA blogger, US News and Author, The MBA Application Roadmap

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Indian School of Business 2014-2015 Deadlines, Essay Topics [#permalink] New post 15 Aug 2014, 08:00
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FROM Stacy Blackman Consulting Blog: Indian School of Business 2014-2015 Deadlines, Essay Topics
The Indian School of Business has announced the following deadlines and essay questions (found within the online application) as part of the 2014-2015 admissions season.

Cycle 1
Deadline: September 15, 2014
Notification: November 15, 2014

Cycle 2
Deadline: November 30, 2014
Notification: February 15, 2015

Essay Questions
Essay 1: Innovation or doing things differently it is said is a key to future success. Could you substantiate or negate this idea based on your experience. Please provide examples from your own experience – either examples of your own innovation or examples of others whom you have worked with.  (300 words max)

Essay 2: Applying to and enrolling in a Business School is an important career decision. Critically look at your career to date, the choices you have made, the key influences behind those choices, your goals for the future and how you expect to benefit from the ISB experience in achieving your goals.  (300 words max)

Essay 3: One of the following (200 words max):

A) This experience completely changed my way of thinking.

Or

B) An instance when you went out of the ordinary to achieve something significant, but in hind sight feel you could have done better.

Or

C) Tell us about your role in a team that made a significant contribution to the organization

Or

D) Contribution to peer learning and engagement with the ISB student body are important aspects of the ISB experience. What contribution do you expect to make in this direction during the one year at ISB. 

Optional Essay: Please provide additional information, if any, that will significantly affect the consideration of your application to the ISB. (200 words max)

For more information, please visit the ISB’s admissions website.

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Indian School of Business Announces New Scholarships [#permalink] New post 15 Aug 2014, 08:00
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FROM Stacy Blackman Consulting Blog: Indian School of Business Announces New Scholarships
The Indian School of Business has introduced 10 merit-based full tuition fee waiversapplicable to candidates applying this year to the Post Graduate Program in Management.

According to the school, the PGP admissions committee will make the selection of candidates, looking at a combination of academic brilliance, leadership potential, work experience,  and other attributes.

There is no separate application for this waiver. Applicants simply submit their PGP application before these deadlines:

Cycle 1: September 15, 2014

Cycle 2: November 30, 2014

The ISB follows a rolling admissions process for international applicants. The deadline is January 15, 2015.

You may also be interested in:
Indian School of Business 2014-2015 Application Deadlines, Essays

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Assess 5 Funding Options to Help Pay for an MBA [#permalink] New post 18 Aug 2014, 06:00
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FROM Stacy Blackman Consulting Blog: Assess 5 Funding Options to Help Pay for an MBA
This post originally appeared on Stacy’s “Strictly Business” MBA Blog on U.S.News.com
Getting your MBA acceptance letter is a once-in-a-lifetime experience, but submitting your deposit for business school is a thrill of a different kind.

After you decide where to attend, you’ll only have a few months to get your finances in order. Before it’s too late, take a look at how to assess the following sources of funding when planning to finance your MBA.

1. Scholarships and fellowships: Scholarships are clearly a great source of funding – it’s free money – but it’s easier said than done to get them. Be aware of how your school makes scholarship offers, as you may need to prepare a separate application to be eligible.

You may also need to submit a different application for each fellowship or scholarship. Don’t lose out because of a missed deadline. Look beyond your business school, too, to organizations like the Forte Foundation or Consortium for Graduate Study in Management that offer highly valuable scholarships for MBA students.

2. Company sponsorship: If you’re one of the lucky few with a sponsorship offer, make sure you know exactly what you’re getting into before you accept. Because sponsorship often comes with an obligation to return to the company after you complete your MBA, take a step back and assess whether you’re absolutely confident you want to return. Breaking such an agreement after your earn the degree can lead to not only strained relationships with former colleagues, but also a mountain of unforeseen debt.

Some lenders such as CommonBond will allow you to take out a loan to pay for an MBA even after you’ve graduated, but it’s always better to be prepared ahead of time. Meanwhile, if you plan to return to your company but don’t have sponsorship, it never hurts to ask about options. See if you’re eligible for any reimbursement given the new skills you’ll bring to the table.

3. Retirement savings: This less obvious pool of money comes with a few extra considerations, first and foremost being that you should always think hard before touching money set aside for retirement. However, those who have saved aggressively already and plan to continue doing so may find it worth it to take some money out for the short term.

You’re exempt from the 10 percent penalty for early withdrawals when you put the funds toward qualified higher education expenses, of which attending business school is one. You’ll still face income tax on this money, but the tax burden will likely be less when you’re in a graduate student tax bracket.

4. Federal loans: The U.S. government offers at least two loan options for each academic year: the Stafford Loan and the Grad PLUS Loan. The Stafford is limited to $20,500 for a year, while the Grad PLUS is available up to your school’s cost of attendance.

You can apply for these loans online via the Free Application for Federal Student Aid, and the Department of Education is a great resource for information on rates, fees, eligibility and more.

5. Private loans: When you’re looking for the right loan, it pays to shop around and find a lender you trust at an interest rate you like. After all, your MBA is only two years, and you’ll probably be working with your lender for 10 or 15 years.

Private loans can provide customized options to help you save, sometimes at rates even lower than the federal government’s. If you’re looking to augment your other MBA financing, seek a lender with great customer service and ask about what loan options can maximize your savings.

Finally, use an online MBA student loan calculator to organize your costs and see how loans with different interest rates can work in your favor. Your MBA is a great investment, and I hope you can make the best use of the months ahead to make sure you have all the funding you need.

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B-Schools Battle for Top Talent [#permalink] New post 19 Aug 2014, 05:00
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FROM Stacy Blackman Consulting Blog: B-Schools Battle for Top Talent
Competition among top MBA programs to attract the most brilliant applicants has grown fierce, according to a news piece in Business Because. With tactics ranging from launching online programs, expanding class sizes, increasing scholarship opportunities, overhauling curricula and creating ever more specialized courses, it’s clear the elite programs will continue to pull out all the stops to entice the best candidates.

Seb Murray’s article, in which I share a few of my own views related to this trend, brings up several interesting points about this intensified competition, and includes perspectives from the admissions side of top programs in the US and abroad. If you’re curious to know what tactics b-schools are employing to lure in the top talent, I invite you to follow the link above for the whole story.

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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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US News Names 10 Most Expensive MBA Programs [#permalink] New post 20 Aug 2014, 10:00
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FROM Stacy Blackman Consulting Blog: US News Names 10 Most Expensive MBA Programs
In addition to its standard business school rankings released annually, US News and World Report occasionally releases a “short list” magnifying individual data points. This week, the news magazine takes a look at the ten most costly private MBA programs in the United States.

According to their research, average tuition fees for the 2013-2014 school year were roughly $62,000—an increase of $3,000 over the previous year and about $13,000 more than the average among all ranked schools.

Based on tuition and required fees for the 2013-2014 school year, here are the 10 most expensive private MBA programs in the United States:

  • Harvard Business School
  • University of Pennsylvania’s Wharton School
  • Dartmouth Tuck School of Business
  • Columbia Business School
  • MIT Sloan School of Management
  • NYU Stern School of Business
  • Chicago Booth School of Business
  • Stanford Graduate School of Business
  • Northwestern Kellogg School of Management
  • Yale School of Management
As you can see, seven of the top 10 programs are on the East Coast, and just one—Stanford GSB—is out west. And despite their hefty price tag, applicants aren’t dissuaded a bit from targeting these schools. US News metrics indicate that five of them fall among the 10 b-schools where accepted students are likely to enroll.

You may also be interested in:
Assess 5 Funding Options to Help Pay for an MBA

Uncover the Hidden Costs of an MBA Education

MBA Rankings: Valuable Tool or a Distraction for Applicants?

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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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Register for HBS Class Visits Now [#permalink] New post 22 Aug 2014, 20:00
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FROM Stacy Blackman Consulting Blog: Register for HBS Class Visits Now
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Harvard Business School has announced that registration for class visits is now open. In her latest blog post, Director of Admissions and Financial Aid Dee Leopold notes that the first day to visit a class is September 10th, which is after the Round 1 deadline.

Applicants shouldn’t be worried though, as a campus visit bears no influence on the HBS evaluation process. Besides, Leopold points out, if you’re invited to interview and come to campus to do so, you’ll be able to sit in on a class at that time.

Also, the initial visits in September are for second-year classes only, in order to give new students a chance to get comfortable with the case method and their section mates. Visitors scheduled in early October will be able to observe a first-year class in action, and registration for these visits will begin in early September.

Leopold writes that second-year students begin leading HBS tours and information sessions in September, so visitors at that time can and should take advantage of hearing from current students about the MBA program, in addition to admissions staff members. You can check the events section of the Harvard Business School website for the schedule of tours and info sessions.

You may also be interested in:
Harvard Business School 2014 MBA Application Tips

MBA Trends at Harvard Business School and Beyond

Harvard Business School Enters Online Learning

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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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Interested in a free 30 minute consultation with the Stacy Blackman Team? Sign up here: http://stacyblackman.com/contact

Stacy Blackman | Stacy Blackman Consulting Inc | http://www.StacyBlackman.com | +1 323.934.3936
MBA blogger, US News and Author, The MBA Application Roadmap

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Admissions Updates from Michigan Ross School of Business [#permalink] New post 22 Aug 2014, 20:00
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FROM Stacy Blackman Consulting Blog: Admissions Updates from Michigan Ross School of Business
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The University of Michigan Ross School of Business recently shared some news for prospective applicants on Director Soojin Kwon‘s revamped admissions blog.

The admissions team is wrapping up a whirlwind recruiting tour in China, Hong Kong, Japan and Korea this week, and Kwon notes that Michigan Ross will also hold admissions events in Europe, South America, India, and South East Asia over the next couple of months.

The committee has also settled on the locations for this year’s optional, but highly encouraged off-campus team exercises, which will take place during Round 2 (late January/early February) in Shanghai, Seoul, Sao Paulo, Delhi and Mumbai. Ross will also hold on-campus team exercises in all three rounds in Ann Arbor.

Kwon also hinted at some exciting MBA funding news on the horizon, sharing that the program is working towards a final agreement with a lender that could provide a no-cosigner loan to international students next year. We’ll share those details here with our blog readers as they become available.

In other “Blue” news, first-year Ross MBAs recently took part in an intensive four-day session called Career Action Days. The Wall Street Journal is calling the phenomenon “career creep,” and this new effort gives students a crash course in preparation for their upcoming job search in response to growing demands for a pre-MBA job hunt.

The event includes several activities to help first-years learn about Ross career resources, “MBA-ize” their resume, sharpen search skills, and draft a career plan, so that they can focus on academics when the term actually starts.

“Many students arrive thinking they’ll get to shop for companies, but it really works the other way,” they were told on day one. “Companies come here to shop for talent.”

You may also be interested in:
Michigan Ross 2014-2015 MBA Essay Questions

What’s New at U Michigan Ross School of Business?

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Michigan Ross Kicks Off Annual Impact Challenge [#permalink] New post 25 Aug 2014, 11:00
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FROM Stacy Blackman Consulting Blog: Michigan Ross Kicks Off Annual Impact Challenge
The University of Michigan’s Ross School of Business today unveiled details of its annual Impact Challenge. Organized by the Ross Leadership Initiative (RLI), the 2014 Impact Challenge will harness the creativity of business school students to develop, launch, and fund a business within a week’s time.

The program has been expanded this year to also engage Weekend/Evening MBA, Global MBA, Master of Management, and BBA students. In the end, approximately 1,500 Ross students will have participated in the venture creation process. The Impact Challenge aims to make a positive difference in the Detroit community, and this year’s start-up venture will focus on increasing the odds that Detroit-area children grow up to become successful entrepreneurs.

“We fundamentally believe that business can be a force for positive change in the world, and the Impact Challenge is an embodiment of this belief,” says Scott DeRue, associate dean and faculty director of the Ross Leadership Initiative.

“This year’s challenge will create a lasting impact for Detroit youth and our students at Ross. There is so much positive momentum around Detroit’s start-up culture that we wanted to do our part to support area children to become successful entrepreneurs,” DeRue explains. “Starting a business from scratch is an ambitious goal for anyone, but our students have the knowledge and passion to bring this to life and will experience first-hand the power of business to make a positive impact.”

General Motors is sponsoring this year’s Challenge with a $50,000 investment in the educational experience. Local partner organizations include the Detroit Parent Network and Detroit TechTown.

The 450 first-year MBAs will work in six teams to engage community leaders, business owners, parents, and youth in five neighborhoods to generate a set of new venture concepts. Workshops on design thinking and feedback from key stakeholders will help students develop their venture concept, business plan, and pitch.

On Thursday, August 28, each team will pitch concepts to a panel of judges. The judges will select one concept for launch, based on the business venture’s potential impact, strategy and long-term viability, both in terms of financial feasibility and sustainability.

The following day, 500 first-year BBA students will then have mere hours to complete their phase of the challenge: designing and launching a Kickstarter campaign to raise seed capital to support the venture, which will be complemented by funding from corporate partners. From there, teams of students will take the winning idea and work over the next eight months to launch the venture, with guidance from Ross faculty and partners such as Detroit’s TechTown.

“Working closely with Michigan Ross to design this year’s Impact Challenge and then bring it to our SWOT City Detroit neighborhoods is an incredible opportunity,” says Leslie Lynn Smith, president and CEO, TechTown Detroit. “Every day, we work to transform these underserved neighborhoods into vibrant and dense communities—places where kids are inspired and supported, not consumed by a chronic sense of hopelessness. We take seriously our obligation to carry economic and social justice to our most disconnected communities—our neighbors—and we are deeply grateful for Ross’ shared commitment and partnership.”

Elizabeth Ferguson, MBA ’15 who participated in the 2013 Challenge, says her section became deeply invested in the project and the community they hoped to benefit.

“The Challenge certainly opened my eyes to what I was capable of and what my section could accomplish together, but more importantly we saw the impact of our efforts on thousands of Detroit kids,” Ferguson says. “It drove home that our Ross education would prepare us to be engaged citizens of the world as well as exemplary business people.”

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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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Tuesday Tips: NYU Stern MBA Essay Tips [#permalink] New post 26 Aug 2014, 06:00
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FROM Stacy Blackman Consulting Blog: Tuesday Tips: NYU Stern MBA Essay Tips
As the NYU Stern MBA websitestates, “Stern develops leaders who have an impact on business and beyond.” Evolving from a pure finance school into one that focuses on areas like entertainment and technology, Stern takes advantage of the vibrant and changing business opportunities in New York City.

The individual components of your application will be academic ability, professional achievements and career aspirations, and personal characteristics. Stern to describe each component on the admissions website, and it’s worth starting your research there. While your academics will be evaluated mainly through your GMAT and GPA, the essays are a crucial part of your application strategy.

Essay 1: Professional Aspirations
(750 word maximum, double-spaced, 12-point font)
• Why pursue an MBA (or dual degree) at this point in your life?
• What actions have you taken to determine that Stern is the best fit for your MBA experience?
• What do you see yourself doing professionally upon graduation?

Why MBA, why now, is an important question to answer. While many people seek an MBA degree, NYU wants to invest in those who can use it most effectively. Perhaps you’re seeking an MBA for networking or professional credibility, or maybe you want an MBA to learn specific skills to change careers. Whatever your own personal reasons may be, make sure you can point to specific aspects of the MBA education both generally and specifically at Stern that are necessary to achieve your goals.

Note that this question specifically asks about your interest in pursuing an MBA at this point in your life. Why is now the right time for you, both personally and professionally? What will an MBA add to your already successful career trajectory to get you to the next level? If you are an older applicant you will need to spend time carefully communicating that you realize what an MBA can and can’t do for you at your professional level, and that you have a plan to leverage the MBA professionally in your next job.

This essay also offers an opportunity to demonstrate your fit with NYU Stern and describe why NYU Stern is the right place for you to spend the next two years of your life. Certainly personal experience of the campus through visits or student touch points would be ideal, but even if you are halfway around the world you can illustrate the many ways in which you learned about the NYU Stern experience.

The activities that most excite you academically should be logically related to your career goals explained in essay 1. The activities you are involved with might be professional, or could be personal hobbies or interests. This essay is your opportunity to describe who you are outside of work. Discussing the hobbies and extracurricular interests you have pursued thus far will be an important data point.

Your post MBA goal should be both achievable and demonstrate the need for an MBA. An MBA from NYU Stern will open professional doors for you, and you should demonstrate that you are ready to take advantage of those opportunities. Think about a logical sequence that starts with your past work experience, then your MBA education and ends with your immediate post MBA goal. Ideally your goal pulls from both your current work experience and the skills you will gain in the NYU MBA program.

Essay 2: Choose Option A or Option B
Option A: Your Two Paths
(500 word maximum, double-spaced, 12-point font)
The mission of the Stern School of Business is to develop people and ideas that transform the challenges of the 21st century into opportunities to create value for business and society. Given today’s ever-changing global landscape, Stern seeks and develops leaders who thrive in ambiguity, embrace a broad perspective and think creatively about the range of ways they can have impact.
• Describe two different and distinct paths you could see your career taking long term. How do you see your two paths unfolding?
• What factors will most determine which path you will take?
• How do your paths tie to the mission of NYU Stern?

Option A asks you to exercise a thought exercise about your future career goals. After identifying your immediate post-MBA career goal in Essay 1, where can you see your long-term career evolving? Again, both trajectories should be logical. For example, if you worked as an analyst in finance prior to your MBA, and plan to work in private equity post MBA, perhaps you see yourself as a partner in your PE firm as your first path, or operating a company as your second path. Each could unfold depending upon the choices you make or opportunities you see as you engage actively with your career.

The second part of this question asks you to tie both paths to the NYU Stern mission, which is to “develop people and ideas that transform the challenges of the 21st century into opportunities to create value for business and society.” Almost any career goal can reflect this mission, though infusing an element of leadership into your plans can help maximize your impact beyond the career of one individual. Developing people who also have an impact on the world of business can multiply your impact and create tremendous value.

In the third section of the question you should consider all of the factors you might use as criteria to evaluate future career goals. This is a great time to consider what has motivated you in the past – do you thrive on achievement? Relish accomplishment of a difficult goal? Desire to help others? This question is one that demonstrates your ability to evaluate your own decision-making process, as well as revealing the values you hold most closely. Answer this question strategically to ensure you are intentionally revealing personal attributes that are most representative of your values and potential.

Option B: Personal Expression

Please describe yourself to your MBA classmates. You may use almost any method to convey your message (e.g. words, illustrations). Feel free to be creative.

Open-ended essays like this one can be intimidating. You are allowed any method to introduce yourself to your classmates, and you’re probably wondering what the best medium for your message is.

However, your content is king in this essay. The best first step is to brainstorm the information you want to convey. Reflect upon your unique personal qualities and what is valued most by your friends and family. How would you want your classmates to see you? What are some of the personal stories you would share with a new friend?

Once you have established the content you want to use for the NYU Stern essay 3, it’s time to consider the medium. If you are a visual person you may chose a drawing, painting or photo series. If you are a creative writer perhaps it’s a poem or short story. If none of the “creative” approaches feel right to you, feel free to write a standard essay where you explain who you are and introduce yourself to your classmates. The medium is not the most important aspect of this essay. What is most important is the message and content of your composition to demonstrate your motivations and who you are to the admissions committee.

Essay 3. Additional Information (optional)

Please provide any additional information that you would like to bring to the attention of the Admissions Committee. This may include current or past gaps in employment, further explanation of your undergraduate record or self-reported academic transcript(s), plans to retake the GMAT, GRE and/or TOEFL or any other relevant information.

If you are unable to submit a recommendation from your current supervisor, you must explain your reason, even if you are a re-applicant.

If you are a re-applicant from last year, please explain how your candidacy has improved since your last application.

NYU Stern provides the optional essay as an opportunity for you to explain a low GPA, GMAT or TOEFL. If you are in that situation, avoid excuses. Focus on the facts, and explain why this performance is not indicative of your future performance at NYU Stern.

If you are not submitting a recommendation from your current employer, this is the place to explain the situation. A few valid reasons may include a brief tenure working for your current boss, that you are not sharing your MBA plans with your supervisor, or that you work more closely with other members of the team.

Additionally, re-applicants have the opportunity to highlight the updates and changes to your candidacy this year. If you have quantitative improvements like a GMAT or alternative transcript those are excellent to highlight. Any qualitative improvements like clarified goals, new leadership experiences and any expansions to your job responsibilities are equally useful and this is the ideal place to highlight them.

Stacy Blackman Consulting has helped countless aspiring NYU Stern MBA students to showcase personal and professional stories that cut through the clutter. Contact us to learn more.

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Yale SOM Welcomes Diverse MBA Class of 2016 [#permalink] New post 28 Aug 2014, 05:00
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FROM Stacy Blackman Consulting Blog: Yale SOM Welcomes Diverse MBA Class of 2016
Bruce DelMonico, director of MBA admissions at the Yale School of Management, recently shared the details of the incoming class of 2016 MBA students. With 39% hailing from outside the United States, 37% women, and 25% U.S. minorities, this class is one of the most diverse in the school’s history. The Class of 2015 is made up of 32% international students, 39% women, 22% U.S. minorities.

Students come from more than 150 different schools, DelMonico reveals, noting that the most common are Yale, Harvard, the University of Pennsylvania, the Indian Institute of Technology, and Princeton.

With an average GMAT score of 719—five points higher than the Class of 2015—and an average GPA over 3.5, Yale’s incoming MBAs are academically accomplished and have been university valedictorians, class presidents, and recipients of Rhodes, Fulbright, Soros, and Humanity in Action Scholarships and Fellowships.

Yale SOM continues its tradition of attracting mission-driven and dynamic people, says DelMonico, as the school prepares to welcome class members who are table tennis champions, mountaineers, poker champions, world travelers, published novelists, and a former co-captain of the White House softball team, among many other talented individuals.

To learn more about this year’s incoming class, follow the link above to the Yale MBA blog.

You may also be interested in:
Yale SOM Introduces Sliding Scale Application Fee

Yale SOM 2014-2015 Essay Question

Yale SOM Deepens Commitment to Entrepreneurship

 

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HBS Admissions Director Talks GMAT/GRE Scores [#permalink] New post 28 Aug 2014, 05:00
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FROM Stacy Blackman Consulting Blog: HBS Admissions Director Talks GMAT/GRE Scores
Although most of the elite MBA programs now accept either the GMAT or GRE as part of the admissions process, many applicants wonder if business schools really consider the exams equally.

In an attempt to clarify the matter, Harvard Business School Director of Admissions and Financial Aid Dee Leopold recently provided a breakdown of just how many applicants submitted each test, and how many were ultimately offered a place in the program, during the 2013-2014 admissions cycle.

“Please don’t over-crunch,” Leopold urges, pointing out that the admissions team isn’t looking so much at the overall score as at the sub-scores in the context of the candidate’s profile. “An engineer with top grades doing highly quantitative work doesn’t need a high GMAT/GRE-Q to convince us he/she is capable of doing the quantitative work at HBS,” says the director.

As logic would dictate, applicants from the humanities with no quantitative coursework or professional experience need to demonstrate preparedness for the rigorous HBS program with a strong GMAT or GRE quant score.

Going forward, Harvard Business School will accept either a GMAT score or GRE score, not both, as were submitted by 140 applicants this past admissions season. “We need to officially verify scores and prefer to do it for only one test per candidate,” Leopold explains.

The Round 1 deadline at Harvard Business School is just a couple of weeks away on September 9th. If you’re still polishing your open-ended essay, take a look at our HBS MBA application essay tips for guidance and inspiration.

You may also be interested in:
MBA Trends at Harvard Business School and Beyond

What My MBA at Harvard Did Not Teach Me

 

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Stacy Blackman’s B-School Buzz [#permalink] New post 29 Aug 2014, 05:00
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FROM Stacy Blackman Consulting Blog: Stacy Blackman’s B-School Buzz
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Welcome to the latest edition of Stacy Blackman’s B-School Buzz, our periodic check-in with some of the MBA blogosphere’s applicant and student contributors. This week, MBA bloggers share tactics for analyzing test errors, highlights from various information sessions, and advice for creating presentations that will knock those AdComs’ socks off.

New tactic for analyzing practice testsPro GMAT has created an Excel error log to help him figure out where his thinking went astray on the verbal side during the practice tests. He also came away with a positive impression of the ISB info session, and promises a post covering school selection soon.

Fuqua rocks!—Although the love for Duke Fuqua was already fairly firmly cemented, the recent information session PTMT attended completely sealed the deal. While Yale SOM is a strong second, she plans to apply in Early Action round because, as she says, “I can’t wait to be a part of this family.”

When three just isn’t enough—A recent conversation with a colleague/HBS grad at work spurred Scott Duncan to change plans and expand his school list from the three he had previously settled on to a robust roster of seven schools. He’s adding Wharton to the other Round 1 applications going in at Kellogg, HBS, and MIT Sloan, and will target Berkeley Haas, UCLA Anderson, and Tuck in Round 2.

Presentation advice—With her Chicago Booth presentation ready and out for review, Naija, a self-proclaimed lover of presentations, offers both basic and specific tips for creating an amazing presentation that will guide anyone feeling some angst about this element of an application package.

Do you have an MBA-centric blog? Want it featured in an upcoming B-School Buzz post? If so, email me at buzz@StacyBlackman.com.

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10 Ways to Make the Most of Your B-School Experience [#permalink] New post 01 Sep 2014, 05:00
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FROM Stacy Blackman Consulting Blog: 10 Ways to Make the Most of Your B-School Experience
This post originally appeared on Stacy’s “Strictly Business” MBA Blog on U.S.News.com
If you’re heading to business school in the coming weeks, you’re about to embark on a transformative experience, both personally and professionally. If you are a soon-to-be member of the MBA class of 2016, you may be wondering how to best prepare for what comes next.

Just as you spent ample time strategizing how to get into business school, you should now put together your plan for getting the most out of your MBA experience. Here’s a top ten list of things you should keep in mind as you’re bombarded with all of the wonderful, exhausting opportunities that come your way.

1. Remember your attributes as a student: Your classmates will seem to be phenomenally accomplished, and perhaps even intimidating. Don’t forget that you, too, were accepted into the class for a reason. The school believes that you have a great deal to contribute, so make sure that you do.

2. Make friends with people of all backgrounds: You’ll probably gravitate to the people like you, who are from the same country or similar backgrounds. Your MBA cohort is an extremely diverse group. If you make an effort to get to know those outside of your comfort zone, your experience will be greatly enriched.

3. Get involved in extracurriculars: If you don’t get involved with some activity outside of the classroom, you won’t be reaping the full benefit of the MBA experience. There’sa multitude of ways to get involved, and you’ll learn as much from these activities as you will from your studies. Activities will also help you with networking and give you something to talk about in your interviews.

4. Don’t put too much weight on grades: Your grades really don’t count all that much. Even if your school has a grading system, no one is going to ask about them after you graduate. So go to class to learn, but don’t study so much that you miss out on the rest of the experience.

5. Take time to explore academic options: Even if you’re entering school with a firm idea of your career goals, use this time to explore a few options. Go to diverse corporate presentations, take classes in new subjects and interview with one company outside of your focus. You may be surprised at what you discover you like.

[Here's how b-school students can choose a concentration.]

6. Be respectful of recruiters: Not long ago, most of your recruiters were in your shoes. They too are human, so be respectful but not fawning. You should go to interviews and corporate presentations prepared to have a conversation and tell them about yourself.

7. Don’t stress over internships: Even if you don’t land your dream internship, you still have a great chance at the same job full time. Summer positions are often more competitive than full-time offers.

8. Learn from your summer internships:  While plenty of people go back to their summer employer, many do not. If you end up not enjoying your summer internship, it’s still worthwhile to have had the experience and learn from it.

It’s better to find out you don’t like banking while working as an intern rather than after being hired for a full-time job. Do your best, and know that no matter what happens, it is a valuable learning experience.

9. Speak up when something bothers you: Most MBA programs are very flexible and constantly evolving. If you’re dissatisfied with some aspect of the curriculum or programming, don’t sit back and complain. Speak up and do something. Often, you’ll be able to initiate a new class, trip, club or conference.

10. Stay connected to your classmates: Remember that your classmates, whether you like them or not, are your professional network. Your class and the classes above and below you are all members of this priceless network.

While you’ll want to relax, enjoy and make friends, always keep in mind that you may network with any of these people down the line.

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Recruiters Seek Specialist MBAs with Soft Skills [#permalink] New post 02 Sep 2014, 05:00
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FROM Stacy Blackman Consulting Blog: Recruiters Seek Specialist MBAs with Soft Skills
At the Association of MBAs (AMBA) annual Employers Forum in August, two topics dominated the event: the need for MBAs with well-developed ‘soft’ skills, and the increased demand for graduate hires with specialist MBAs.

The forum attracted 24 leading multi-nationals, including KPMG, Goldman Sachs, Bloomberg and BP, as well as recruitment and career managers from 22 AMBA-accredited business schools.

Due to a changing landscape for employers, graduates and business schools, employers do not necessarily want their staff to possess a financial services MBA, but now seek graduate hires with sector-specific specialist MBAs in a variety of fields.

This trend is reinforced by data from the Graduate Management Admission Council, which indicates roughly 64% of business school deans expect MBA programs to increasingly specialize.

As the 2014 GMAC Employer Survey also demonstrates, the days when the ‘hard’ skills of analytical and strategic thinking dominated are over, and it’s oral and written communication, presentation, adaptability and the ability to negotiate that companies are asking the schools to teach their students. Accenture, for example, introduced a ‘soft’ skills measurement technique which combines “defined critical characteristics for success, which are assessed by behavioral questions.”

The event included a discussion of the future of management education, which will likely move toward a blended model of MBAs, and how experiential learning will replace classroom-based learning, and that both of these shifts can be of benefit to employers.

However at this time, recruiters still do not consider job seekers from online business programs to be of the same caliber as those that have graduated from a face-to-face MBA program.

London’s Imperial Business School hosted the event, and its dean, Professor G. Anandalingham, brought home the point that an MBA is “the premium, flagship program – hence schools should partner with corporates to produce the kind of graduate they are looking for.”

You may also be interested in:
GMAC Launches Online Assessment Tool for Soft Skills

How B-School Students Can Choose an MBA Concentration

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2014 Best Business Schools for Hispanics [#permalink] New post 06 Sep 2014, 07:01
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FROM Stacy Blackman Consulting Blog: 2014 Best Business Schools for Hispanics
HispanicBusiness recently announced the 2014 ranking of the best business schools for diversity practices. The rankings look at Hispanic graduate enrollment, full-time Hispanic faculty in the MBA programs, and the percent of MBA degrees earned by Hispanics.

According to the editors, enrollment is just one piece of the puzzle though. Some schools on this list do have relatively lower Hispanic enrollment rates than schools that didn’t make the list, but HispanicBusiness is also looking at faculty numbers and programs to attract and retain Hispanic students. The schools appearing on this list are well-rounded, say the editors, and have made notable efforts to engage the Hispanic community.

2014 Top Ten Best Business Schools for Hispanics
1. University of Texas at El Paso

Total graduate enrollment 275
Hispanic graduate enrollment 176
Percent Hispanic graduate enrollment 64.0%
Full-time MBA school faculty 60
Full-time MBA school Hispanic faculty 16
Percent Hispanic faculty in MBA school 26.7%

2. New York University Stern School of Business

Total graduate enrollment 786
Hispanic graduate enrollment 53
Percent Hispanic graduate enrollment 6.7%
Full-time MBA school faculty 177
Full-time MBA school Hispanic faculty 6
Percent Hispanic faculty in MBA school 3.4%

3. UT McCombs School of Business

Total graduate enrollment 511
Hispanic graduate enrollment 35
Percent Hispanic graduate enrollment 6.8%
Full-time MBA school faculty 95
Full-time MBA school Hispanic faculty 4
Percent Hispanic faculty in MBA school 4.2%

4. University of New Mexico Anderson School of Management

Total graduate enrollment 622
Hispanic graduate enrollment 224
Percent Hispanic graduate enrollment 36.0%
Full-time MBA school faculty 61
Full-time MBA school Hispanic faculty 8
Percent Hispanic faculty in MBA school 13.1%

5. Stanford Graduate School of Business

Total graduate enrollment 809
Hispanic graduate enrollment 44
Percent Hispanic graduate enrollment 5.4%
Full-time MBA school faculty 122
Full-time MBA school Hispanic faculty 2
Percent Hispanic faculty in MBA school 1.6%

6. UC Berkeley Haas School of Business

Total graduate enrollment 497
Hispanic graduate enrollment 26
Percent Hispanic graduate enrollment 5.2%
Full-time MBA school faculty 81
Full-time MBA school Hispanic faculty 3
Percent Hispanic faculty in MBA school 3.7%

7. UV Darden School of Business

Total graduate enrollment 628
Hispanic graduate enrollment 31
Percent Hispanic graduate enrollment 4.9%
Full-time MBA school faculty 109
Full-time MBA school Hispanic faculty 4
Percent Hispanic faculty in MBA school 3.7%

8. University of Miami School of Business Administration

Total graduate enrollment 111
Hispanic graduate enrollment 22
Percent Hispanic graduate enrollment 19.8%
Full-time MBA school faculty 52
Full-time MBA school Hispanic faculty 10

Percent Hispanic faculty in MBA school 19.2%

9. Yale School of Management

Total graduate enrollment 552

Hispanic graduate enrollment 30

Percent Hispanic graduate enrollment 5.4%

Full-time MBA school faculty 68

Full-time MBA school Hispanic faculty 2

Percent Hispanic faculty in MBA school 2.9%

10. University of Texas at San Antonio College of Business

Total graduate enrollment 226

Hispanic graduate enrollment 41

Percent Hispanic graduate enrollment 18.1%

Full-time MBA school faculty 92

Full-time MBA school Hispanic faculty 11

Percent Hispanic faculty in MBA school 12.0%

Universities still have some work to do before the number of Hispanics at the graduate level corresponds to the size of the Hispanic population in this country, note the editors of HispanicBusiness, but the organization sees the trend both in student enrollment and full-time faculty moving in the right direction.

You may also be interested in:
The MBA Toolbox for Minority Applicants

B-Schools Seek to Shrink the Minority Faculty Gap

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Tuck School Creates New Global Insight Requirement [#permalink] New post 06 Sep 2014, 07:01
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FROM Stacy Blackman Consulting Blog: Tuck School Creates New Global Insight Requirement
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Beginning in fall 2015, students at the Tuck School of Business at Dartmouth will be required to complete an immersive global experience as part of their MBA education, the school announced earlier this week. The new Tuck Global Insight Requirement, which goes into effect for the class of 2017, aims to ensure that every student at Tuck receives the global immersion they need to lead in today’s business environment.

“The world has become much more global,” says Phillip C. Stocken, associate dean for the MBA program at Tuck. “As a result, we believe our graduates must have a global business capability—a global mindset—to successfully navigate the different cultures, countries, and markets in which they will inevitably work. There is no better way to do this than spending time on the ground in another country.”

To satisfy the new requirement, students will choose from an array of carefully-designed, credit-bearing immersive courses that will provide them with the skills and knowledge required to solve problems effectively across cultures and lead in diverse business environments.

Each course will be faculty-led and include pre-travel orientation; an immersive experience in a country that is new to the student; and reflection. Like all MBA courses at Tuck, these will be academically rigorous and boast a high degree of faculty-student interaction. Qualifying courses currently include OnSite Global Consulting, a global First-Year Project, and Global Insight Expeditions.

The requirement extends to all MBA candidates what is already an integral part of the learning experience for a majority of students at Tuck. Nearly 67 percent of the class of 2014 reported spending time in a country that was new to them during their time at Tuck, and demand for such experiences is expected to grow in the future.

Matthew Slaughter, associate dean for faculty and the Signal Companies’ Professor of Management, says, “Making an immersive global experience a required part of the curriculum strengthens this commitment to ensure that every Tuck student receives outstanding preparation for the global leadership that businesses are today seeking.”

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NFL Partners with IU Kelley School for Online MBA Program [#permalink] New post 08 Sep 2014, 05:00
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FROM Stacy Blackman Consulting Blog: NFL Partners with IU Kelley School for Online MBA Program
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The National Football League Players Association has announced a partnership with the Indiana University Kelley School of Business to provide customized graduate-level educational programs to current and former NFL players.

The Kelley School will offer NFL players a unique model that will guide them from initial career development through professional and certificate programs and ultimately to an MBA degree.

“For more than a quarter century, the Kelley School has provided customized programs that have met the needs of many students within a variety of corporate and educational settings,” says Idalene Kesner, dean of the Kelley School and the Frank P. Popoff Chair of Strategic Management.

“Our leadership and innovation in delivering online programs provides the flexibility to design a winning experience for these accomplished athletes, many of whom will one day transition to new careers away from the football field,” Kesner adds.

Among the tools that will be available to players is the Kelley School’s acclaimed Me Inc. program, which enables participants to gain a better understanding of their goals and identifies a structured path toward attaining them. The program includes career coaching and career services.

After completion of the initial career development program, players may continue and enroll in online, noncredit programs on specialty topics such as personal finance, real estate, wealth management and entrepreneurship.

Upon completion of a noncredit professional program, players interested in developing more expertise will be able to enroll in a four-course certificate program. Many players will be able to directly enroll in the credit-bearing certificate programs as well.

Credits earned through the certificate programs will be transferable toward a 30-credit Master of Science degree or a 45-credit MBA. The programs will be delivered in a blended format that includes in-residence and online components.

A key feature of the NFLPA-Kelley MBA program will be the Kelley Capstone Experience, which puts teams of students to work on real-world strategic projects. This will provide students with an opportunity to apply skills and knowledge acquired in the MBA program to actual business problems that directly relate to each person’s goals and objectives.

Those in the NFLPA-Kelley MBA program also will have an opportunity to participate in the school’s global immersion courses, which present students with opportunities to understand and address problems faced by businesses in an emerging market. Currently the program is undertaking projects in India, Myanmar, Botswana, Ghana and South Africa.

All graduates of the NFLPA-Kelley MBA program who are interested in pursuing corporate careers will receive support from the same career services available to other Kelley graduates. In its most recent survey of MBA programs, Bloomberg Businessweek ranked Kelley No. 1 in terms of student satisfaction, career services and teaching.

“We are excited about the new opportunity the Indiana University Kelley School of Business is offering our players,” says NFLPA executive director DeMaurice Smith. “We pride ourselves in helping our members be knowledgeable about the business of football and putting them on the right path to succeed off the field. This relationship will achieve both.”

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Business Schools Respond to Market Demands [#permalink] New post 09 Sep 2014, 05:00
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FROM Stacy Blackman Consulting Blog: Business Schools Respond to Market Demands
Technology and entrepreneurship are changing the face of management education, a story in Monday’s Chicago Tribune reports. Economic and social challenges require creative solutions, and business schools have found themselves rapidly adapting to address those issues head-on.

To meet the needs of a volatile job market, many elite MBA programs have begun to shift away from case studies and quantitative models to place greater emphasis on experiential learning and degree concentrations so that graduates are ready to hit the ground running on Day 1.

The globalization of business requires a new generation of leadership that is able to comfortably navigate in various cultural contexts. To meet that challenge, more and more schools have made international projects a degree requirement, such as the new global insight program announced by Tuck School of Business last week.

For MBA applicants who already know what they want to do post-graduation, the one-year MBA is an option that has grown tremendously in the past couple of years.

Since Dean Sally Blount took the helm at Northwestern University’s Kellogg School of Management in 2010, the school has refocused its energies to boost one-year MBA enrollment to keep pace with the global marketplace. However, this type of program is for students who aren’t looking to change careers, because it offers no internship.

Meanwhile, top MBA programs across the country are adding multiple courses in entrepreneurship to meet a growing demand, despite the fact that only an estimated five percent of graduates start their own company straight out of business school.

Ultimately, “Business school is all about constant change and improvement and response to the market,” Elissa Sangster, executive director of the Forte Foundation, a nonprofit consortium of companies and business schools supporting women’s access to business education, tells the Tribune. “It’s always good to look for the next thing to produce better future leaders.”

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The Case Method: Alive and Thriving or On its Way Out?

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Last-Minute Checklist for Round 1 Applicants [#permalink] New post 09 Sep 2014, 07:00
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FROM Stacy Blackman Consulting Blog: Last-Minute Checklist for Round 1 Applicants
Are you planning on applying in Round 1, which at many schools is just weeks (or days, in the case of HBS) away? There are several reasons to apply in the first round, from demonstrating your strong interest and preparation, improving your chances of landing a spot while every possible seat is available, to having first crack at financial aid opportunities.

Bloomberg Businessweek just ran a story discussing what to do to prepare for round 1 deadlines, and I shared some of my thoughts with Katy Finneran, author of the piece. One important thing I stress to clients, and mentioned to Finneran, is the importance of managing your social media presence and beefing up your online persona.

If you can demonstrate you’re social media savvy, and perhaps show that side of yourself through a blog, Twitter feed, or even through Instagram if you’ve touched on an interest such as photography in your application, these factors can really work to your advantage.

By now, you should also have your recommenders firmly on board in support of your candidacy. If you’re aiming at round 2, make sure they have their instructions and hard deadlines about 12 weeks before you want their letters.

Another thing to remember is to adapt your resume for an MBA application, which should have a greater emphasis on your general accomplishments and anything that would showcase your leadership qualities.

Finally, I would urge applicants to apply a few days ahead of the deadline just to ease some of the last-minute pressure, as well as congestion on the programs’ servers. Do a thorough review, hit submit, and take comfort in knowing that you did your very best.

You may also be interested in:
5 Last-Minute Tips for Round 1 Applicants

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Stacy Blackman | Stacy Blackman Consulting Inc | http://www.StacyBlackman.com | +1 323.934.3936
MBA blogger, US News and Author, The MBA Application Roadmap

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