{"id":56705,"date":"2022-12-04T01:17:34","date_gmt":"2022-12-04T08:17:34","guid":{"rendered":"https:\/\/gmatclub.com\/blog\/?p=56705"},"modified":"2022-12-04T01:17:34","modified_gmt":"2022-12-04T08:17:34","slug":"mba-programs-seek-recently-laid-off-tech-workers","status":"publish","type":"post","link":"https:\/\/gmatclub.com\/blog\/mba-programs-seek-recently-laid-off-tech-workers\/","title":{"rendered":"MBA Programs Seek Recently Laid Off Tech Workers"},"content":{"rendered":"
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\"MBA<\/a><\/figure>\n<\/div>\n

If you are a recently laid off and otherwise competitive applicant, MBA programs want YOU!<\/p>\n

Are you a tech worker who just got laid off from Meta, Twitter, Facebook, Stripe, or a similar company? Were you thinking of getting an MBA before and\/or since the layoff? Well, what started as a trickle with Northwestern University\u2013Kellogg School of Management and MIT Sloan has turned into a river, and may turn into a flood.<\/p>\n

Here is a list of the changes full-time MBA programs are making to accommodate and attract recently laid off workers.<\/p>\n

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MBA Programs Seek Laid-Off Workers<\/h2>\n<\/caption>\n

School<\/th>\nWho's Eligible<\/th>\nAccommodation<\/th>\n<\/tr>\n<\/thead>\n
Cornell MBA & Johnson Cornell Tech MBA<\/td>\nQualified candidates who have recently been laid off by a U.S. company, applying for the January 2023 MBA deadlines<\/td>\nApplication fee waiver & GRE\/GMAT test waiver<\/td>\n<\/tr>\n
Georgia Tech Scheller<\/td>\nProfessionals who have been affected by recent layoffs, applying to the full-time program<\/td>\nA select number of designated fellowships, application fee waiver & test waiver<\/td>\n<\/tr>\n
Indiana Kelley<\/td>\nLaid-off tech employees<\/td>\nApplication fee waiver & GRE\/GMAT test waiver<\/td>\n<\/tr>\n
MIT Sloan<\/td>\nLaid-off workers<\/td>\nExtend its Round 2 deadline to Feb 23, 2023<\/td>\n<\/tr>\n
Northwestern Kellogg<\/td>\nEmployees who were laid off this quarter at a company in the tech sector and are applying to full-time graduate degrees, including the two-year M.B.A., by a mid-January deadline.<\/td>\nWaive GMAT\/GRE<\/td>\n<\/tr>\n
NYU's Andre Koo Technology and Entrepreneurship MBA<\/td>\nClass entering in May 2023 (applying either to its Jan.15 or final Feb. 15 deadline)<\/td>\nWaive entrance exams<\/td>\n<\/tr>\n
UC Berkeley Haas<\/td>\nProspective candidates who have been laid off between June 1, 2022 to Feb. 2, 2023 , applying to the full-time MBA program<\/td>\nApplication fee waiver & deadline extension to Feb. 2, 2023<\/td>\n<\/tr>\n
UCLA Anderson<\/td>\nRecently laid off due to a organizational restructuring or downsizing and apply by R2 Jan. 4, 2023 deadline<\/td>\n1) Can submit test scores and recommendations by Feb. 4.
\n2) Application fee waivers.
\n3) If admitted through this process and later find new employment, may be eligible to switch to Anderson\u2019s part-time fully employed MBA program.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

Here\u2019s the background.<\/p>\n

Kellogg Waives GMAT\/GRE for Sub-set of Applicants<\/h2>\n

On November 14, 2022, Lindsay Ellis of the\u00a0The Wall Street Journal<\/a>\u00a0broke the news that Kellogg is waiving its test requirement for \u201cemployees who were laid off this quarter at a company in the tech sector and are applying to full-time graduate degrees, including the two-year M.B.A., by a mid-January deadline.\u201d<\/p>\n

Kellogg<\/a>, like many top MBA programs, experienced a surge in applications when COVID hit due the soaring unemployment rate. At the same time, and due mostly to difficulties in accessing a test, it waived its test requirement. That year, applications to Kellogg and other top-ranking M.B.A. programs, including University of Pennsylvania\u2019s\u00a0Wharton School<\/a>,\u00a0Columbia Business School<\/a>\u00a0and\u00a0MIT Sloan School of Management<\/a>, rose significantly.<\/p>\n

Applying to top MBA programs?<\/strong>
\nSchedule a free consultation to find out how Accepted can help you!<\/a><\/span><\/span><\/p>\n

Since then Kellogg restored the test requirement and unemployment took a deep dive. This past cycle, like many other top MBA programs, it experienced a drop in applications. With a very tight labor market and the test requirement back in place, Kellogg experienced an 18% plunge in application volume last year. Many in admissions expect either flat application volume this cycle or a further drop depending again on the economy.<\/p>\n

Quoting the\u00a0WSJ article<\/a>, \u201cAccustomed to jobs with six-figure salaries, big equity packages and other perks, many tech workers have had a particular incentive to stay on the job in recent years.\u201d Now, with tech workers losing their jobs by the thousands, MBA programs are seizing the opportunity to recruit students from an already talented pool of candidates.<\/p>\n

Kellogg\u2019s associate dean of degree programs, Greg Hanifee, said that the school decided to waive tests earlier in November after Twitter began cutting its workforce in half. Again from the article: \u201cThese folks were high performers and are now at a pivot point in their life,\u201d he said. \u201cIf they\u2019re considering business school, removing this barrier could benefit them.\u201d<\/p>\n

From Example to Exemplary:
\nHow to Use Sample Essays to Make Your Essay Outstanding<\/a><\/span><\/span><\/p>\n

Kellogg\u2019s offer to waive the GRE or GMAT requirement for applicants recently laid off from the tech sector is open to Kellogg\u2019s Round 2 applications for full-time and part-time programs. In a blog post from November 14, Hanifee wrote that these newly available candidates \u201ccan apply to Kellogg by providing their transcripts, resume and application which will also include a brief essay on their work experience and most recent role as well as what they hope their transformation will be and how it will advance them. . . We hope this offer will allow some people to speed up their career transformation process.\u201d<\/p>\n

Unlike in 2020, when Kellogg waived the test requirement for all applicants, Kellogg is treading more carefully now by targeting a select applicant pool with proven capabilities who will be competitive job seekers. These recently laid-off workers had demanding roles until just a few weeks ago, and their skills, when combined with an MBA, will probably be in demand. It\u2019s understandable that Kellogg is comfortable relying on their transcript as evidence of academic ability (or lack thereof). They probably don\u2019t need the test score.<\/p>\n

Kellogg\u2019s move presents an opportunity for laid-off tech talent who would do well to consider what may be a rare and perhaps fleeting offer. Kellogg is already a techie haven, with seventeen percent of its newest MBA class coming from tech, and\u00a0one-fifth of its 2022 graduating class having gone into the sector.<\/a><\/p>\n

As Accepted founder and CEO Linda Abraham noted in\u00a0Poets and Quant\u2019s<\/a>\u00a0\u201cFor these recently laid-off workers, who until the last few weeks had positions that were demanding and whose skills when combined with an MBA will probably be in demand, Kellogg is comfortable relying on their transcript as evidence of academic ability (or lack thereof). They don\u2019t need the test score. Getting these kinds of jobs is in and of itself a test.\u201d<\/p>\n

With this move, Kellogg is hoping to boost its pool of qualified applicants while easing the decline in application volume.<\/p>\n

MIT Sloan has its own approach to attracting and accommodating recently laid off workers.<\/p>\n

Work with a seasoned consultant to polish the presentation of your work experience and your entire application<\/strong>\u00a0>><\/a><\/p>\n

MIT Sloan Offers Later Round 2 Deadline to Laid-Off Workers<\/h2>\n

In an interview on November 17 with Linda Abraham, who is also the host of the\u00a0Admission Straight Talk<\/a>\u00a0podcast, MIT Sloan\u2019s Assistant Dean of Admissions, Dawna Levenson announced that MIT Sloan will extend its Round 2 deadline to Feb 23, 2023 for laid off workers. The move gives potential applicants who were not anticipating a layoff and are interested in the MBA time to prepare for the GRE or GMAT, take the test, and submit an excellent application this cycle.<\/p>\n

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