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What MBA Applicants Should Do After Submitting Their Application [#permalink]

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New post 21 Jan 2015, 17:00
FROM Accepted.com Blog: What MBA Applicants Should Do After Submitting Their Application
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Conduct more research on your intended goal in anticipation of an interview invitation

Within twelve hours I heard the same question from three clients, so I suppose this question may be on the minds of more than three, “now that I’ve submitted my applications, what should I do?”  The following are a list of suggestions:

  • Continue to learn about each school by speaking with faculty, alumni and students.  The more information you have the better.  Be conscious of their limited time, so be thoughtful with the questions you ask. In addition, you may wind up with an unsolicited endorsement of your candidacy.
  • Conduct more research on your intended goal in anticipation of an MBA interview invitation.  If instance, your intended goal is consulting, read The McKinsey Way or BCG on Strategy.  If you are an up and coming entrepreneur, Back of the Napkin or anything by Peter Drucker or Guy Kawasaki.  If you are transitioning into marketing, check out Communities Dominate Brands or Marketing Strategy: A decision-focused approach.
  • Attend any events the school may be having (including virtual events).  Stay involved.  Show your interest.
  • Make up for any gaps you may have in your application (quantitative skills, volunteer work).
  • Create new opportunities to add revenue, decrease costs, increase efficiency, increase market share, increase shareholder value, increase safety, increase satisfaction (customer or employee) at work.
  • Use your leadership skills with any opportunity you can imagine.
  • If you haven’t been doing so yet, begin reading business press.  You need to understand the jargon, the acumen, and what drives business today.
  • Now sit back and relax.  Schools receive the largest number of apps in the second round and if they use student readers, the students are on vacation until sometime in January leaving a big bottleneck in the review process.  Learn to be patient.  A must-have in this process.
If you have additional questions or concerns about applications, please contact Accepted.com.  My colleagues and I are available to consult with you.

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By Natalie Grinblatt Epstein, an accomplished Accepted.com consultant/editor (since 2008) and entrepreneur. Natalie is a former MBA Admissions Dean and Director at Ross, Johnson, and Carey.

 

Related Resources:

How to Ace Your Interviews – Download the free guide!

• Help! I’ve Been Waitlisted!

MBA Student Interviews

Tags: MBA Admissions

The post What MBA Applicants Should Do After Submitting Their Application appeared first on Accepted Admissions Consulting Blog.

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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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Accepted ~ The Premier Admissions Consultancy
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Which Round Should I Apply to Business School? [#permalink]

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New post 22 Jan 2015, 12:02
FROM Accepted.com Blog: Which Round Should I Apply to Business School?
When speaking with business school adcom members, most will advice that submitting a great application in the second round is far better than submitting a mediocre application in the first round. But what happens when you didn’t manage to submit in either round 1 or round 2. Business school applicants in this category are wondering, “Which round should I apply to business school? Should I apply round 3 or just wait till next year?”

Watch my latest Youtube video for the answer on when you should apply to business school.



That was my short answer. For a more in-depth analysis of the round 3 vs. next year application debate, join our live, free webinar where I address the differences between round 3 and earlier rounds, the pros and cons of applying R3, and help you solve your question, “Which round should I apply to business school?”

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By Linda Abraham, president and founder of Accepted.com and co-author of the new, definitive book on MBA admissions, MBA Admission for Smarties: The No-Nonsense Guide to Acceptance at Top Business SchoolsMBA Admissions

The post Which Round Should I Apply to Business School? appeared first on Accepted Admissions Consulting Blog.

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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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Accepted ~ The Premier Admissions Consultancy
310-815-9553

Co-Author of: MBA Admission for Smarties: The No-Nonsense Guide to Acceptance at Top Business Schools

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Michigan Ross Receives $20M Gift to Launch Leadership Center [#permalink]

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New post 23 Jan 2015, 14:00
FROM Accepted.com Blog: Michigan Ross Receives $20M Gift to Launch Leadership Center
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Last week, Michigan Ross received a $20 million gift from former General Mills CEO Stephen W. Sanger and his wife, Karen Sanger. The money will go towards the construction of the Sanger Leadership Center. According to the Ross press release, “The Sanger Leadership Center will incorporate and expand on the current activities of the Ross Leadership Initiative – including the annual Impact Challenge and Crisis Challenge, Legacy Lab, Story Lab, skills-based workshops, and a variety of learning communities — as well as the Leaders Academy, where students create, launch and lead actual businesses.”

Stephen W. Sanger received his MBA from Michigan in 1970, joined General Mills in 1974, and then later became CEO of the giant food company. During his tenure, GM sales more than doubled; earnings and market capitalization tripled.

Ross associate dean and faculty director of the Sanger Leadership Center, Scott DeRue, says of the gift: “It will help us create even more high-impact, high-touch leadership development experiences that students can’t get anywhere else but Ross. I envision a future where 50,000 Michigan Ross students – past, present, and future – lead positive change in themselves and around the world. The creation of the Sanger Leadership Center and the generous gift from the Sangers mark a major leap forward in achieving this important vision. It’s an incredible addition to our leadership initiatives, and I am proud to be a part of this school and university at such an exciting time.”

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Related Resources:

Leadership in Admissions

Michigan Ross MBA Essay Tips & Deadlines

An Interview with Anne Perigo of University of Michigan’s Master of Entrepreneurship Program

Tags: MBA Admissions, Michigan Ross, University of Michigan

The post Michigan Ross Receives $20M Gift to Launch Leadership Center appeared first on Accepted Admissions Consulting Blog.

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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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310-815-9553

Co-Author of: MBA Admission for Smarties: The No-Nonsense Guide to Acceptance at Top Business Schools

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2016 IMD Essay Tips [#permalink]

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New post 25 Jan 2015, 17:00
FROM Accepted.com Blog: 2016 IMD Essay Tips
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IMD, the International Institute for Management Development, in Lausanne, Switzerland, offers a 1-year MBA program focused on general management and leadership. While there are only 90 students in each class, the diversity among that class is wide: students hail from 45 countries: 43% from throughout Europe, 26% from Asia, 11% from the Middle East and Africa, 9% from North America, 8% from South America, and 3% from Oceania (Australia/New Zealand and the surrounding islands). Unlike programs in the US, which tend to build the bulk of their classes from students aged 26-28, IMD’s average student age is 31.

Graduates of IMD tend do very well in their careers after the program: the 3-year average graduate salary is $131,800. 75% of the class join industry (including Consumer Products, Industrial Products, Technology, Healthcare, and Energy) when they graduate, 20% enter Consulting, and 5% pursue Financial Services careers. IMD enjoys a global reputation that affords its graduates some flexibility in their career destinations: while 63% of the class remains in Europe after graduating, 22% find employment in Asia, 6% in the Africa or the Middle East, and 9% in North or South America. IMD is consistently ranked among the top programs in the world: BusinessWeek ranks it #9 among international programs, the Financial Times ranks it #12, and Forbes named it the best 1-year international MBA program.

IMD scaled way back this year, trimming their application from 7 essays to just 3, but there are other areas in the application form that will require additional short answers as well.

IMD was recently buffeted by major changes in administrative personnel and direction. For details, please see “5 Key IMD Officials Resign.” Now, to the IMD essay tips for 2016:

Essay 1:



Describe yourself in two hundred words or less [200 words]

I recommend covering just one or two major attributes in this short essay, sharing two separate anecdotes or one example that demonstrates both traits. Some of the qualities that IMD values in its students are an international outlook, desire to make a difference, commitment to learning from others, a broad understanding and appreciation of moral issues, and effective leadership. While you do not need to use these terms specifically, essays that reveal these qualities will appeal to the admissions committee.

Essay 2:

Give an example of a time when you were confronted with an unrecoverable event. How did it affect you and what were your greatest learnings? [300 words]

“Unrecoverable event” is a euphemism for failure. You need to choose an event in which you could have done better. I often see applicants implicitly or explicitly blame others in their essays for what went wrong. Unfortunately, not accepting responsibility for the failure will indicate to the admissions committee that you are emotionally immature and incapable of owning your role in the failure. Focus instead on what personal and professional insights would have been helpful to you and how you have worked to gain and apply those since this event.

Essay 3:

On your 75th birthday someone close to you presents your laudatio (tribute). It can be a friend, colleague, family member etc. Please describe in detail what this person would say about you and your life. [300 words]

This is your chance to share some of the accomplishments you have achieved in your life so far and others that you aspire to achieve before you turn 75. Instead of dreaming of enormous accomplishments in the future that have no grounding in what you have been doing so far, go ahead and talk about some of your achievements to date and how they set you on the path to the accomplishments you intend to talk about on your 75th birthday. Applicants may also use this essay to describe their long-term career and life goals – describing those goals as if they have come to fruition.

Short answer questions from throughout the application:

What is your career goal post IMD? [200 characters]

200 characters is typically just a bit more than 2 lines of text, so you don’t have much room here to explain the role you would like to secure after graduating from IMD. While one-third of the class changes their function, industry, and geography after graduating from IMD, 93% change only one of these areas and 74% change only two: your short-term goal needs to connect in some way to what you’ve been doing until now to be a credible transition. It should include the function you want to perform, the industry in which you want to perform it, and geographic location if relevant.

What are the skills you need to develop in order to achieve your goal? [200 characters]

Again, this allows only a short response. Successful applicants will research their intended short-term goal to understand the business skills and knowledge they need to succeed and discuss those that the IMD MBA education focuses on.

Is there any additional information that is critical for the Admissions Committee to know which has not been covered elsewhere in this application? If you would like to comment on career gaps, education, GMAT/GRE, a disability or illness, please use this space. (Optional) [300 words]

Now that the IMD application is so short, it seems inevitable that critical experiences have been left out. Even if you have to write about a career/education gap or test score issue, I recommend doing so briefly to allow you to cover another success story in this essay. The goal of using this space is to share another facet of your background and convince the admissions team that you have a wealth of interesting experiences to share with the class.  

Administrative questions:

Your responses to these questions will not be taken into consideration in the admissions process. 

1.  How do you intend to finance your MBA at IMD? What would your budget be?  [300 words]

Funding the MBA is expensive, and IMD wants to know that you have considered this before you embark. 300 words is ample space to elaborate on your financial resources.

2.  Why are you applying to IMD? What other programs have you considered / are you considering? [300 words]

While the header for this section informs applicants that their responses will not be taken into consideration in the admissions process, I highly recommend going into detail about what makes IMD an ideal program for you. Go ahead and share the insight that you have gained from current students and alumni about what makes IMD special. The second element of the question is useful for IMD to know who their peers are, which helps them tweak their own marketing and recruiting efforts.

Application deadlines are at 23:59 pm CET (Switzerland) time in the following order:

Within a maximum of 6 weeks, you will be informed whether you have been selected to be interviewed for further evaluation or if your application has been unsuccessful.

February 1

April 1

June 1

August 1

September 1

If you would like professional guidance with your IMD MBA application, please consider Accepted’s MBA essay editing and consulting  or our application package which include advising, editing, interview coaching, and a resume edit for the IMD MBA application.

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By Jennifer Bloom who has been helping applicants to the top MBA programs draft their resumes, application forms, letters of recommendation, and essays for 15 years. She is happy to serve as your personal coach and hand-holder throughout the entire process. There’s no time like the present to begin!

Related Resources:

The Quick Guide to Admissions Resumes

Maximizing Your MBA Application: 5 Tips for Succinct Essays

• Business and Science Meet: Insights of an IMD Grad and Former Medical Doctor 

Tags: 2016 MBA Application, IMD, MBA Admissions

The post 2016 IMD Essay Tips appeared first on Accepted Admissions Consulting Blog.

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Accepted ~ The Premier Admissions Consultancy
310-815-9553

Co-Author of: MBA Admission for Smarties: The No-Nonsense Guide to Acceptance at Top Business Schools

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Cornell Tech Student Interview: Where CS Meets the MBA [#permalink]

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New post 25 Jan 2015, 17:00
FROM Accepted.com Blog: Cornell Tech Student Interview: Where CS Meets the MBA
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This interview is the latest in an Accepted.com blog series featuring interviews with current MBA students, offering readers a behind-the-scenes look at top MBA programs. And now for a chat with Will Hester, an M. Eng. Cornell Tech student in NYC.

Accepted: We’d like to get to know you! Where are you from? Where and what did you study as an undergrad? What’s your favorite non-school book?

Will: I was born and raised in Austin, Texas. I went to the University of Texas at Austin and was conferred two degrees: A Bachelor of Science in Electrical and Computer Engineering with a focus on Software Engineering, and a Bachelor of Science in Computer Science.

My favorite non-school book is Flowers for Algernon by Daniel Keyes (never read it for school, believe it or not).

Accepted: Can you tell us about the new program you’re in? How did you choose Cornell Tech? Why was it the best match for you?

Will: Cornell Tech is a pretty unique graduate program. In addition to the individual MBA and CS curriculum, there is also a co-curriculum led by Greg Pass, former CTO at Twitter. The co-curriculum consists mainly of exercises and projects done in groups of both CS and MBA students. Most notably during the fall semester, we were all split into groups of 4-5 half-MBA, half-CS company project groups, in which we worked closely with companies like AOL, Bloomberg, eBay, Google, LinkedIn, and Microsoft just to name a few. All the while the co-curriculum is conducted in a very fast-paced, startup-like atmosphere (we are constantly encouraged by faculty and guest speakers to follow the startup path, be it start one’s own venture, or join a startup post-graduation).

Cornell Tech was the best match for me because I knew I wanted to pursue my masters in CS, but I also wanted some business education without going all-out trying to get an MBA as well. I always have had an interest in startups, so the faster-paced, smaller nature of the program was extremely attractive. I could not be happier to be at Cornell Tech.

Accepted: If you could change one thing about the program, what would it be? 

Will: If I could change one thing about the program, I wish we were already in the future campus.

Accepted: Can you talk about your program’s relationship on campus with the Cornell Johnson MBA students? Can you explain why some people would choose Cornell Tech and some Cornell Johnson? 

Will: The CS students have a very close relationship with the MBA students. There’s a set time every week for us to work side-by-side on our company projects, and several learning exercises we work together on. The Cornell Tech MBA program is exclusively a 1-year program, whereas the normal Johnson MBA program in Ithaca has both one- and two-year options. The biggest difference between the Ithaca and Cornell Tech programs is that Cornell Tech is much more entrepreneurial/startup-focused. Our guest speakers are mostly serial entrepreneurs, and the projects are fast-paced and you typically build a real product with the CS students.

The Cornell Tech MBA students are in Ithaca for courses with the other Johnson one-year MBAs for three months over the summer before coming to the NYC campus. Additionally, the Cornell Tech MBAs spend a couple of weeks over winter break in Israel, working with Israeli startups.

Accepted: Are you involved in any clubs or competitions on campus? 

Will: Since the program is very new, Cornell Tech doesn’t have many official, established clubs. We are in the process of founding them. The most well-developed club is probably the Disruptive Technology Club.

Accepted: What do you plan on doing once you graduate? 

Will: I accepted a job with a Boston-based fantasy sports company called DraftKings, where I will start in July.

Accepted: Can you tell us about some of the projects you’ve been involved with lately?

Will: At Cornell Tech, I was part of a group with one other M. Eng. CS student and two MBAs in which we spent a semester working on a mobile application for AOL using beacons. At Cornell Tech, we’d meet with the other company project teams every Tuesday to see what everyone else was working on and receive help from industry specialists, entrepreneurs, and each other if we needed it. Once a month, we have a “hack day” on campus. All students participate in a 24-hour hackathon with their company project team and show off what they accomplished at the end. My AOL team developed an Android and iOS messaging application in which users can send messages to a particular user and location combination, so the recipients won’t receive the message until they are physically near where the message was sent to. We placed Bluetooth Low Energy beacons all around campus to provide locations that messages could be sent to.

Outside of school, JustGotGood.com is my most notable project. JustGotGood provides text message alerts for NBA games that are triggered when a particular game is within X points with less than Y time remaining, where the user defines X and Y.

For one-on-one guidance on your b-school application, please see our MBA Application Packages.

You can read more about Will’s journey by checking out his About Me page. Thank you Will for sharing your story with us – we wish you loads of luck!

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Related Resources:

Honing in On the Cornell Johnson MBA: An Interview with Ann Richards

Leadership, Tech & Forte: IV with a Cornell MBA Student

Johnson at Cornell University 2015 MBA Questions, Deadlines, Tips

 

Tags: Cornell Johnson, Grad School Admissions, MBA Admissions, MBA Student Interviews

The post Cornell Tech Student Interview: Where CS Meets the MBA appeared first on Accepted Admissions Consulting Blog.

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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

_________________

Linda Abraham
Accepted ~ The Premier Admissions Consultancy
310-815-9553

Co-Author of: MBA Admission for Smarties: The No-Nonsense Guide to Acceptance at Top Business Schools

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Round 3 or Next Year Webinar Reminder! [#permalink]

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New post 26 Jan 2015, 11:01
FROM Accepted.com Blog: Round 3 or Next Year Webinar Reminder!
Don’t forget to register for Wednesday’s webinar, Round 3 vs. Next Year: The MBA Admissions Debate. Remember – this is a MUST-attend webinar for anyone facing the difficult decision of applying to b-school R3 or next year.

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During the webinar, Linda Abraham, founder & CEO of Accepted.com, will provide the pros and cons of each option, as well as loads of examples of how she would advise different applicants with various profiles/backgrounds.

Mark your calendars!

Date: Wednesday, January 28, 2015

Time: 10:00 AM PST/1:00 PM EST

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Tags: MBA Admissions, webinar

The post Round 3 or Next Year Webinar Reminder! appeared first on Accepted Admissions Consulting Blog.

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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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Accepted ~ The Premier Admissions Consultancy
310-815-9553

Co-Author of: MBA Admission for Smarties: The No-Nonsense Guide to Acceptance at Top Business Schools

Follow Accepted on Twitter
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Financial Times Global MBA Rankings 2015 [#permalink]

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New post 26 Jan 2015, 14:01
FROM Accepted.com Blog: Financial Times Global MBA Rankings 2015
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Financial Times 2015 global MBA rankings  were released this morning. Let’s see how our top schools fared this year…

Top 25 2015 Global MBA Programs (last year’s rank in parentheses)

1. Harvard Business School, USA (1)

2. London Business School, UK (3)

3. UPenn Wharton, USA (4)

4. Stanford GSB, USA (2)

5. INSEAD, France/Singapore (5)

6. Columbia Business School, USA (5)

7. IESE, Spain (7)

8. MIT Sloan, USA (8)

9. Chicago Booth, USA (9)

10. UC Berkeley Haas, USA (11)

11. CEIBS, China (17)

12. IE Business School, Spain (13)

13. Cambridge Judge, UK (16)

14. HKUST, China (14)

15. Northwestern Kellogg, USA (15)

16. HEC Paris, France (21)

17. Yale SOM, USA (10)

18. NYU Stern, USA (17)

19. ESADE Business School, Spain (22)

20. IMD, Switzerland (12)

21. Duke Fuqua, USA (17)

22. Oxford Saïd, UK (23)

23. Dartmouth Tuck, USA (20)

24. Michigan Ross, USA (23)

25. UCLA Anderson, USA (26)

The big news is how little the top 10 changed. More significant movement occurred outside the top 10, as is typical of most rankings. Here are some highlights:

• New to the top 10 in 2015 is UC Berkeley Haas which climbed one spot from 11th place last year to 10th place this year.

• Yale SOM, on the other hand, lost its top-10 berth and fell 7 places from 10th place last year to 17th place this year.

• Big jumpers in the top 25 include HEC Paris which moved from 21st place in 2014 to 16th place in 2015, and CEIBS which jumped from 17th place last year to 11th this year.

• IMD fell 8 slots this year from 12th place to 20th place. For possible reasons behind the drop, please see “5 Key IMD Officials Resign.”

• 7 of the top 10 business schools in 2015 are programs in the USA, which is the same number as last year.

• This is the third year in a row that Harvard Business School snagged the first place position.

• Further down the rankings (top 50), we see more big jumpers, including Imperial College Business School (UK) which jumped from 49th place in 2014 to 34th place this year; Manchester Business School (UK) which went from 43rd to 35th place; The Lisbon MBA (Portugal) which jumped from 52nd to 36th place; and Lancaster University Management School (UK) which jumped from 77th place to 50th place.

• The school that fell the most in the top 50 was Warwick Business School (UK) which fell from 25th place in 2014 to 38th place in 2015.

• Overall the FT rankings reflect the growing strength of Asian and European business schools.

The Financial Times rankings measure average salaries of alumni along with several other factors. Its lead article on the rankings notes that “the financial returns from completing a full-time MBA have fallen over the past three years and while a graduate can still expect to nearly double their salary, the average boost to earnings is down by almost a third from the qualification’s heyday.” It continues to explain that this is particularly true among b-schools in the U.S. (which account for 50 of the top 100 global programs). For an excellent critique of the FT methodology, please see P&Q’s analysis.

Here are some additional highlights from that article:

• In 2015, MBAs who were three years post-MBA reported salary increases of 92%. This is compared to 110% in 2012 and 153% in 2002 and 2003.

• In 2003, b-school alumni from 82% of programs ranked saw salary increases of more than 120% over 4-5 years post-MBA. This year, only 7% saw the equivalent increase.

• A factor contributing to this trend is the drop in MBAs heading into finance and banking (25% in 2015 compared to 29% in 2005). Survey respondents from the finance sector reported an average salary of $152,000 compared to the overall average salary of respondents of $133,000.

My take:

In terms of the flaws in the FT rankings, I suggest you see Poets & Quants excellent critique.

I also suggest you read “Boost to earning from MBAs falls.” The article reflects on the decline in earnings increase from the MBA as well as the weakness in the graduate business education market outside the top tier.

The two are related. Grads from the top business schools by definition snag the highest salaries and sometimes the biggest increase in salaries. The lower ranked schools are struggling to compete, keep themselves affordable, and provide an ROI. Consequently several traditional two-year programs have closed – notably Thunderbird and Wake Forest. One-year programs and specialized masters are increasingly popular and experiencing increasing recruiter demand along with ROI.

For you as a prospective student, you need to focus not on the overall trend in salary increase for MBAs, and not even your ROI today vs what it maybe could have been 13 years ago when you were middle school, but your anticipated return on investment today and which degree is most likely to maximize it.

Frankly 92% increase in salary can be a phenomenal increase depending on where you start at and what you paid for it. And it’s the gift that keeps on giving since the increased salary continues and usually climbs annually for the rest of your career.

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By Linda Abraham, president and founder of Accepted.com and co-author of the definitive book on MBA admissions, MBA Admission for Smarties: The No-Nonsense Guide to Acceptance at Top Business SchoolsMBA Rankings: What You Need to Know

2014 BusinessWeek Rankings

The Benefits of an MBA According to John Byrn

Tags: MBA Admissions, Rankings

The post Financial Times Global MBA Rankings 2015 appeared first on Accepted Admissions Consulting Blog.

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MBA Hiring Expected to Increase in 2015 [#permalink]

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New post 27 Jan 2015, 14:00
FROM Accepted.com Blog: MBA Hiring Expected to Increase in 2015
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72% of employers plan on hiring MBA graduates in 2015

GMAC’s 2014 Year-End Employer Poll

Here are some highlights from GMAC’s 2014 Year-End Employer Poll. Spoiler: It’s good news!

• 169 employers from 33 countries were interviewed. This is a relatively small sample.

• Overall, the job market remains strong for 2015 b-school grads.

• 90% of employers that expect to hire b-school graduates in 2015 expect to maintain or increase the number of job openings compared with hiring in 2014.

• 72% of employers plan on hiring MBA graduates in 2015, compared to 69% in 2014.

• The majority of employers (54%-74%) plan on increasing starting salaries at or above the rate of inflation in 2015.

• 64% of employers say that their companies are expanding and that they plan on hiring more business school graduates.

• 87% of employers expect to offer internships to students. Usually these internships will go towards bachelor’s graduates (73% of employers). This is followed by MBA grads (55% of employers).

• 96% of employers agree that business school graduates create value for their companies.

As usual, the greatest hiring demand is for MBA graduates; though Master in Management grads are projected to experience the largest increase in hiring.

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According to GMAC’s Survey Research Manager, Rebecca Estrada Worthingon, “The solid job prospects for b-school talent seen over the past several years and again reflected in this poll, give prospective students good reason to consider pursuing these degrees as part of a strategy to drive their career goals….Our data show that even in the depths of the recession, business and management degrees can provide a measure of job protection and opportunity. Today, in a recovering global economy, management degrees can be a powerful driver of confidence and provide fuel for an individual’s career growth.”

See the 2014 Year-End Poll of Employers Report and the GMAC press release for more details.

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Related Resources:

MBA Admissions A-Z: 26 Terrific Tips

Payscale: How Much Can You Earn, and How To Earn It

25 Top MBA Employers According to MBA Students

Tags: hiring, MBA Admissions

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Entrepreneurship at Stanford GSB: Carlypso Drives Down the Startup Str [#permalink]

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New post 28 Jan 2015, 16:00
FROM Accepted.com Blog: Entrepreneurship at Stanford GSB: Carlypso Drives Down the Startup Street
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Thinking of launching a disruptive start-up? Dying to attend a leading entrepreneurial MBA program? Well meet Nick Hinrichsen and Chris Colemen, founders of the start-up Carlypso, which Tech Crunch calls a “brilliant concept.” Oh, and they earned their MBAs in 2013 from Stanford GSB.

Listen to the recording of this intriguing interview as we discuss the founding of Carlypso, life as a Stanford GSB MBA student and the impact of the Stanford experience on the Carlypso launch.

00:1:37 –  You asked, Linda answers! Linda explains why you should only give ONE example or story when application questions ask for one example.  Adding more than one can do more harm than good.

00:5:08 – What is Carlypso?

00:7:30 – Where did the idea for Carlypso come from.

10:39 – Who benefits from using Carlypso?

12:40 – Did their Stanford MBA degree really help them?

19:10 – Are people overestimating entrepreneurship at Stanford?

21:42 –  The Stanford MBA’s impact on Nick’s and Chris’s work.

23:10 – The $50,000 coffee that helped start Carlypso.

26:14 – Interested in attending Stanford? Nick and Chris give tips on how to get accepted (and rejected).

27:45 – Fail, and fail gracefully, but don’t do it again.

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*Theme music is courtesy of podcastthemes.com.

Relevant Links:

Relevant shows:

Leave a Review for Admissions Straight Talk:

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Tags: Admissions Straight Talk, MBA Admissions, podcast;, Stanford GSB

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MBA Admissions: Is Community Service Important? [#permalink]

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New post 29 Jan 2015, 17:00
FROM Accepted.com Blog: MBA Admissions: Is Community Service Important?
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It’s winter, and many of you probably haven’t started thinking about next year’s MBA applications yet. But now is actually an excellent time to get started – not just on test prep and boosting GPAs, but on taking time to examine your community service. At most top b-schools, community service is virtually a requirement, and if yours is on the weak side, then you have just enough time to start bulking up your experience…if you start NOW.

First let’s discuss what “community service” is and isn’t. I define it as:

“Active participation in and assumption of responsibility for your community.”

That is an intentionally broad definition that includes taking an active role in sports teams, professional organizations, alumni groups, churches, literacy programs, political campaigns, environmental causes, fund raising for immigrant assistance groups…whatever you define as your community. Community service almost always does – and should – reflect your values and priorities.

The operative phrases in the definition are “active” and “responsibility.” Writing checks is not enough. And helping your elderly neighbor occasionally makes you a nice person, but doesn’t mean you are taking responsibility for your community. Community service requires commitment.

So why is community service important?

1. It provides an opportunity for you to demonstrate attributes that young applicants frequently can’t reveal in the classroom or in their jobs: leadership, initiative, interpersonal skills, and the ability to handle responsibility. It expresses your willingness to contribute.

2. A foundational principle of admissions is “Past behavior predicts future behavior.” To adcoms a history of activism and participation evidences that you will be an active participant in their student and alumni communities. That’s exactly the impression you want your application to make.

3. It indicates breadth and well-roundedness. Surprise. Surprise. Top MBA programs don’t want workaholic nerds.

At the most competitive schools, community service and extracurricular activities frequently make the difference between who is accepted and rejected among otherwise competitive applicants. If you have been involved in community service, great. Keep up the good work and strive for a leadership role. If you haven’t been an active participant or leader, become one. Choose an activity, cause, or organization that you would like to contribute to. And then be consistently and actively involved so that you will have a commitment to write about other than school and work. You may even find that you enjoy it.

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Related Resources:

Leadership in Admissions

MBA Admissions: Does Extracurricular Equal Extra Credit?

Harvard Business School: Engaged Community Citizenship

Tags: MBA Admissions

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UCLA Anderson Student Interview: Enjoying the MBA Whirlwind [#permalink]

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New post 01 Feb 2015, 12:00
FROM Accepted.com Blog: UCLA Anderson Student Interview: Enjoying the MBA Whirlwind
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This interview is the latest in an Accepted.com blog series featuring interviews with current MBA students, offering readers a behind-the-scenes look at top MBA programs. And now for a chat with Tom Winterton, a first year student at UCLA Anderson.

Accepted: We’d like to get to know you! Where are you from? Where and what did you study as an undergrad? What was your most recent pre-MBA job?

Tom: I grew up in Nantwich, a small market town in north of England and completed my undergraduate degree in Physics with Finance at the University of Surrey. A slightly unusual combination but it stood me well in getting a job in financial services in London where I worked for a number of banks.

My last role was as a Strategy Development Analyst at Brewin Dolphin, one of the UK’s largest investment management and financial planning firms.

Accepted: Where are you currently in business school? What year?

I’m a 1st year full time MBA at the UCLA Anderson School of Management in Los Angeles

Accepted: What’s your favorite thing about Anderson? And if you could change one thing about the program, what would it be?

Tom: My favorite thing about Anderson would have to be the school’s culture of shared success. Be it 2nd year students paying it forward through the career sessions they run, to the fact that MBAs competing for intern and full time positions regularly prep together ahead of interviewing for the same role. This supporting environment couldn’t be more different from uber competitive experience often associated with business school. While everyone is certainly pushing to land top positions at some of the most sought after companies, its important our class mates get there too and everyone’s committed to this principal of shared success.

They try to pack a lot into the MBA course and that’s especially true in your first few quarters. On top of that, UCLA operates on a quarter systems which seems to only compound this busy schedule.

If I could change one thing about the program it would be to start a bit earlier in the year and give 1st year students a little more time in the first quarter. I found this a big crunch time with recruiting and finals all in full swing. You find yourself living inside the business school bubble, neglecting friends from home as you become obsessed by informationals, GPAs, interview prep and all things MBA.

Accepted: Now that you’ve well into your first year of b-school, can you talk about your transition back to school? Is b-school what you thought it would be like? Any surprises? Any advice for next year’s incoming class?

Tom: It fair to say I’ve found the transition back to school at bit of a shock to the system. If it were only about being back in the class room that would be one thing, but the truth is you end up having to perform a juggling act skipping between company presentation, case competitions, sorting out the administrative nightmare that comes with moving countries, informational interviews, group assignments and much more in between. Plus of course socializing with everyone in your new MBA class. Fear of Missing Out (FOMO) means for the first few months at least you’re compelled to sign up to as many things as possible. Often the academic work ends up being just one point on a long list of priorities.

My advice to incoming MBA students would be to clear the decks before your MBA. If you’ve got the time to get ahead with career research do so. Start doing informational interviews and building connections with companies you’re interested in as early as possible; it will pay dividends when it comes to recruiting.

While the MBA experience is great, be prepared, it’s a whirlwind. Don’t expect to have many evening or weekends to yourself, and let friends and family know they’re about to see a lot less of you.

Accepted: Do you plan on heading back to the UK after you receive your MBA? What are your post-MBA plans

Tom: I haven’t decided where I want to be after my MBA. Much of it will depend on how the recruiting process goes, my summer internship and the connections I’m able to make over the two years. That said studying at a US school, MBA recruiting is obviously skewed toward American companies, with a large proportion of students getting full time jobs through on campus recruiting.

California is home to so many of the world’s most innovative businesses and I’ll certainly be exploring all the opportunities it has to offer.

Accepted: What’s your favorite class so far?

Tom: I would have to say Marketing has been my favorite class so far. For the first few quarters your timetable at Anderson (like most MBA programs) is dominated by a core class – Accounting, Finance, Statistics, etc. While these were great, well taught with lively debate and new interesting content, I had some experience of them from my undergraduate degree and professional career.

While Marketing is still a core class, I came into it with almost no background whatsoever and I’m enjoying being exposed to a whole new strand of business.

I also enjoyed that fact that as opposed to my other core class there isn’t necessarily one right answer when it comes to Marketing. Different approaches, targeting different segments of the market can both be effective. There’s really room to be creative as you look for the best way to market a product. While I wouldn’t say I had a favorite assignment, it was interesting writing a “Positioning Statement” for yourself, in the context of a job market, dating market or otherwise.

Accepted: Can you share your top 3 MBA admissions tips with our applicant readers?

Tom:

• Really think about why you want an MBA and how it will help reach your future goals. Every school will ask this as one of their essay questions and you need to have a good answer that makes sense. This story becomes even more important as an MBA, when you start talking to companies and applying for internships. Recruiters need to see how your skill and experience fit together and relate to the role your applying for.

Don’t just look at the rankings when applying to programs; sure they matter but only up to until a point. Instead I’d recommend looking on where a school’s MBAs interned and accepted full time positions. Do the companies you’re interested in recruit on campus? Does the school have strong alumni connections in the industries and with the firms you wanting to work for?

A big part of the recruiting process is getting to know companies, networking and for companies to get to know you. You’re at a big advantage if your school already has those connections.

• If you’re able to, visit the school and sit in on a class or two. At a very minimum make sure you speak to alumni and current students; they’re the best source of advice when it comes to applying to a school. While I wasn’t able to visit Los Angeles before applying to Anderson, I was able to speak to a number of current alumni. I also had good friends who’d attended UCLA as undergraduates. This was invaluable when making my decision. Remember where you’re living will be a big factor in your MBA experience.

Accepted: Can you tell us about your blog? When and why did you start blogging? What have you gained from the experience?

Tom: I had to check the dates, I started my current blog some 2.5 years back now, with my first post in May 2012. I’d also experimented with a couple of other blogs and websites prior to this.

I think the initial interest came about went I was working on a project to develop online services for a bank. Working with developers I decided should really know a bit more about how to build a website, having learned little to nothing in school. The blog developed out of this curiosity, I liked the thought of creating content and sharing it online, as well as experimenting learning bits of CSS and HTML to customize the site along the way.

What have I gained from my experience blogging? Well it’s really been an ongoing learning experience for me. From picking the basics of markup languages and web styling, to finding out more about different web services by experimenting with things like Google Analytics and Adwords. I’ve used it as a public record of what I’ve been up to, from hiking in Switzerland to my sharing my MBA orientation week experience; it’s a great way to add context and tell a story with the photos you’ve taken.

If nothing else it’s fed my curiosity and added a few lines to the interests section of my resume.

For one-on-one guidance on your b-school application, please see our MBA Application Packages

You can read more about Tom’s journey by checking out his blog, Tom’s Blog. Thank you Tom for sharing your story with us – we wish you loads of luck!

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Related Resources:

• MBA Rankings: What You Need to Know

• UCLAAnderson 2015 MBA Questions, Deadlines, Tips

Tags: MBA Admissions, MBA Student Interviews, UCLA Anderson

The post UCLA Anderson Student Interview: Enjoying the MBA Whirlwind appeared first on Accepted Admissions Consulting Blog.

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Accepted ~ The Premier Admissions Consultancy
310-815-9553

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Smart GMAT Test Prep – Are You Doing it Right? [#permalink]

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New post 02 Feb 2015, 10:00
FROM Accepted.com Blog: Smart GMAT Test Prep – Are You Doing it Right?
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A smart GMAT test-taker will:

(a) Start prepping for the GMAT months in advance.

(b) Take time to understand the psychology, content, and scoring metrics of the GMAT.

(c) Register for Accepted’s upcoming webinar, Your 3-Part Game Plan to Dominate the GMAT.

(d) All of the above.

Be smart about the GMAT. Answer (d) above for maximum GMAT confidence and readiness.

Mark your calendar: Wednesday, February 11, 2015 at 10:00 AM PST/1:00 PM EST.

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Tags: 2016 MBA Application, MBA Admissions, webinar

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NYU Stern Launches 2-Year PTMBA Accelerated Program [#permalink]

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New post 03 Feb 2015, 14:00
FROM Accepted.com Blog: NYU Stern Launches 2-Year PTMBA Accelerated Program
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Applicants may now apply for NYU Stern’s new Langone part-time two-year accelerated option.

According to a recent survey among NYU part-time prospective students, nearly a quarter of respondents said that they preferred an accelerated part-time MBA program over the previous self-pacing or weekend-only options (which took between two and six years).

The course requirements for the 60-credit part-time MBA will remain unchanged.

Also new this year: Part-time MBA applicants will have an earlier application deadline so that they may receive their admissions answers earlier (another request made by prospective students). This new deadline will be March 1st for R1, with subsequent deadlines on May 15th and July 15th.

You can read more about the new accelerated option here, and check out our NYU B-School Zone for tips on applying to NYU’s MBA programs.

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Related Resources:

• NYU Stern Langone 2015 MBA Essay Tips & Deadlines

• Tips for Applying to Part-time MBA Programs

• MBA Admissions Decisions: Should You Go Full-Time or Part-Time?

Tags: MBA Admissions, NYU Stern Langone, Part time MBA

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Open Letter to 2016 MBA Applicants [#permalink]

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New post 03 Feb 2015, 17:00
FROM Accepted.com Blog: Open Letter to 2016 MBA Applicants
Dear 2016 MBA Applicant,

I would like to have heart-to-heart with you. Yes. That means YOU. If you are hoping to have an application ready for round 1 of the next application cycle, but have not yet thought about why you want an MBA, taken the GMAT/GRE, researched schools, or evaluated your qualifications, have a seat. Let’s talk. (You can respond via the comments below. That way we can have a real conversation. Just you and me.)

I’ve been thinking about sending you this letter since the last two weeks of December. That’s when our phones started ringing off the hook with calls from frantic MBA applicants trying to prepare their applications for this year’s round 2 deadlines. They had holiday parties, family gatherings, gifts to buy or return, and sales to take advantage of. Some even had to work; some were off.

Deadlines loomed.

In any case, I’m writing this letter now, because I would like to help you avoid the harried hassle and diminished quality that those who start their applications in the weeks leading up to the deadlines experience. Instead follow the example of those many applicants who started their applications months before the deadline and worked steadily to complete them by those deadline dates circled in red on the calendar.

I don’t have stats for you, and know you love numbers, but my twenty years in this business tell me that those who start the application process 9-12 months before they actually apply:

• Get into more and “better” schools;

• Are more likely to get scholarships; and

• Are more prepared for b-school when they arrive on campus.

They simply fare better in the MBA application process than those who wait until the eleventh hour to get themselves in gear.

Those better prepared applicants – they are your real competition.

“How can I compete with them in the admissions marathon?” you ask.

Good question. Begin now. Not tomorrow. Not next week or next month or next quarter. Now.

Start Your GMAT or GRE Prep
Once you determine that you have a goal that requires an MBA, start preparing for the GMAT or GRE. Don’t wait for the summer or for “later.” Your test score is a critical element in your application. Choosing schools without knowing what that number is leads to all kinds of heartache and unpleasant surprises.

For example in mid-December “Stormers” wrote on this blog that he was anticipating a GRE of 325 (Q162, V163). On January 4th he wrote that he “belly flopped on [the] GRE and scored a 315.” He then asked if he should retake the exam or wait for Round 3.

Lower than expected test scores can throw a major monkey wrench in your plans when you take the test within two months of your target deadlines. However if you “belly flop” in the spring, you still have months to prepare again and retake the exam before the deadlines.

Where to Apply: Dartboard vs. Intent
And then there are the applicants who don’t understand the importance of fit in the application process. They just know they want an MBA from a “top N-ranked school.” They may or may not have a purpose, and for all the shallowness of their thinking, they could just as easily be throwing darts at a list of schools to determine where to invest their time and money.

Or maybe they just started too late to do the research and reflection that they could’ve and should’ve done had they started earlier. Like now.

In any case, this superficial approach in and of itself could lead to rejection, a very expensive mistake, or to a less than optimal MBA experience.

Apply purposefully to specific programs that support your goals and where you are competitive. Don’t apply to rankings. You won’t attend them.

Writing is Rewriting and Requires Time
Some of you know why you want an MBA, have good reasons for selecting the school you will apply to, and will get the GMAT or GRE that you want the first time you take the exam so you won’t be in Stormer’s shoes. Great. However, if you are too close to deadlines, you will end up rushing the writing process for your essays, short answers, and resume.

Not a good idea.

Writing – whether long essays, short essays, or resumes and activity descriptions — benefits from time. Temporal distance between revisions improves critical analysis and editing. In contrast, scrambling to slap something together leads to sloppy thinking and writing.

Taking these three key steps early will improve your chances of acceptance, but they still aren’t what I would truly like to see from you. I want to propose something more comprehensive and effective than just getting the GMAT or GRE out of the way, thinking profoundly about fit, and starting your essays early.

A Holistic, Purposeful MBA Application Timeline
Proceed purposefully, methodically, and thoughtfully so that you submit a superior MBA application to the most appropriate schools at the most desirable deadline for you.

Make that highlighted line above the 2015 resolution that you stick to. And really do stick to it.

I’m going to help you fulfill this resolution by laying out the process holistically from January through September so that you can present a superior application. It’s not just the test score or the GPA or the years of work experience or solid extracurriculars. It’s all of the above. And we mapped out the process for you here.

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If you are aiming for the Round 1 deadlines, you can download and print out the above PDF and post it on your mirror, wall, fridge, or anywhere else where you’ll see it, be inspired, and allow it to guide you. Alternatively we have created a that you can copy and paste to your own Google account and modify to suit your needs. Then using the timeline as a guide, add these tasks to your calendar. And do them.

If you follow this MBA timeline, your MBA dreams will not be a mad, breathless sprint to the finish line, but a long, steady jog that allows you to successfully complete the MBA application marathon. You will be able to give appropriate attention to academic, professional, and extracurricular factors while allowing time for the self-reflection, research, writing, and editing that will produce an application that presents you at your best.

What do you think? Are you starting now? Please let me know below.

Best,

Linda

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By Linda Abraham, president and founder of Accepted.com and co-author of the definitive book on MBA admissions, MBA Admission for Smarties: The No-Nonsense Guide to Acceptance at Top Business SchoolsImage

Tags: 2016 MBA Application, MBA Admissions

The post Open Letter to 2016 MBA Applicants appeared first on Accepted Admissions Consulting Blog.

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_________________

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Accepted ~ The Premier Admissions Consultancy
310-815-9553

Co-Author of: MBA Admission for Smarties: The No-Nonsense Guide to Acceptance at Top Business Schools

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Preparing for the GMAT: Video Tips to Live By [#permalink]

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New post 04 Feb 2015, 10:01
FROM Accepted.com Blog: Preparing for the GMAT: Video Tips to Live By
Expert tip: Practice for the GMAT in as close to real testing conditions as possible. This will help you quickly adapt to the testing environment on the actual test day, and will help you develop the mental stamina you need to ace the exam. If you practice for 20 minutes at a time, then when it comes to actually taking the test, there’s no way you’ll be able to sit through the entire exam.

See the following video for the full tip:



For more in-depth GMAT prep strategies and advice, attend our upcoming webinar, Your 3-Part Game Plan to Dominate the GMAT. Brett Ethridge, founder of Dominate the GMAT (and the guy from the video above) will be presenting the webinar, offering actionable tips on how to best prep for the GMAT. The webinar will take place on Wednesday, February 11, 2015 at 10:00 AM PT/1:00 PM ET. Reserve your spot by registering for Your 3-Part Game Plan to Dominate the GMAT now!

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Tags: Dominate the GMAT, GMAT, MBA Admissions, webinar

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310-815-9553

Co-Author of: MBA Admission for Smarties: The No-Nonsense Guide to Acceptance at Top Business Schools

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Making International Student Loans a Prime Investment [#permalink]

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New post 04 Feb 2015, 15:00
FROM Accepted.com Blog: Making International Student Loans a Prime Investment
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B-school students need funding, MBA alumni are looking to invest. Prodigy Finance brings the two together.

Listen to the full recording of our conversation with Cameron Stevens, founder and CEO of the company that provides loans to international students and a secure and meaningful investment opportunity for business school graduates.

00:01:30 – Cameron Stevens and the wonderful story of Prodigy Finance.

00:06:05 – An overview of how Prodigy Finance works for investors and student borrowers.

00:11:02 – The difference between Prodigy Finance and the bank.

00:17:52 – Who is eligible for these student loans?

00:21:03 – How the loan application process works. (And the story of Linda’s embarrassing first version of Accepted.com.)

00:26:46 – Where the funding comes from.

00:30:26 – Cameron’s INSEAD experience and the value of an MBA in launching and running a business.

00:42:34 – On the roadmap: job search help.

00:44:16 – Fit and goals: two tips for b-school applicants.

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*Theme music is courtesy of podcastthemes.com.

Related Links:

Prodigy Finance

INSEAD 2014-2015 MBA Essay Tips

• INSEAD B-School Zone

Related Shows:

• An Inside Look at INSEAD

• SoFi: Alumni Funded Student Loans

• CommonBond’s Story: A Revolution in Student Loans

• Financial Aid & Health Insurance for International Students

Leave a Review for Admissions Straight Talk:

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Tags: Admissions Straight Talk, entrepreneurship, Financial Aid, INSEAD, international student, MBA Admissions, podcast;

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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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Accepted ~ The Premier Admissions Consultancy
310-815-9553

Co-Author of: MBA Admission for Smarties: The No-Nonsense Guide to Acceptance at Top Business Schools

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When is the Best Time to Take the GMAT? [#permalink]

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New post 05 Feb 2015, 15:00
FROM Accepted.com Blog: When is the Best Time to Take the GMAT?
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I remember when I was young and would ask my dad a question, more often than not he would respond, “Would you like the short answer or the long answer?” It didn’t matter which option I chose, because at some point he would inevitably launch into the long answer. And while I hated it at the time, looking back, there were always some great nuggets of wisdom in the nuances of his long answer.

So in the spirit of my dad’s sage example, I present to you the short answer — and the long answer! — to the question, “When should I take the GMAT?”

The Short Answer

You should take the GMAT any time that you have 2-3 months, or approximately 80-100 hours, to adequately prepare for it.

Remember that your GMAT score is good for five (5) years, so you can take the GMAT whenever you’re ready — even if you don’t plan on applying to business school for another year or two. Why not get it out of the way early?

Now, why do I say that you’ll want to devote 80-100 hours studying for the GMAT? Because statistically, that’s how many hours students study to score above average on the GMAT. You can read my full article about how long you should expect to study for the GMAT by clicking here.

The Long Answer

Telling you to take the GMAT whenever you want, which is essentially what I’ve done in my short answer, may seem like a bit of a cop-out to you. At the very least, it’s still pretty vague. So let me dive deeper and give you three additional guiding principles for when you should consider taking the GMAT.

[b][b]• In what application round are you applying?[/b][/b]

 It’s a good idea to have a sense of when you’ll be applying to business school. Pretty basic, right? Once you know when the application deadline is for the round you’ll be applying in, you can work backwards from there.

For example, Round 1 deadlines for many MBA programs are at the end of September for matriculation the following Fall. If you’ll be applying Round 1, then, you should start studying for the GMAT in May or June and plan to take it toward the end of August. For Round 2 deadlines, you’ll usually want to take the GMAT in late November or early December, and for Round 3 deadlines, mid- to late- February is a good time to take the GMAT for most schools.

Note: If you’re currently studying for the GMAT with an eye toward Round 3 applications (or even if you’re not planning on applying until next year and haven’t started studying for the GMAT yet), join us on Wednesday, February 11th for a free webinar providing a 3-part game plan for dominating the GMAT. Click here to learn more and register.

[b][b]• Leave time to retake the GMAT if necessary[/b][/b]

 As confident as I am that you’ll get the GMAT score you’re looking for on the very first try (especially if you’ve taken one of our GMAT prep courses!), the reality is that many students end up needing to take the GMAT a second (ore even third) time. The GMAC makes you wait a minimum of 31 days before retaking the GMAT, so take that into consideration and plan accordingly. For example, if the Round 3 application deadline for your target school is April 1st, then plan to take the GMAT before March 1st to give yourself that 31-day buffer.

While technically a school will need your official GMAT results before granting you admission (official scores can take up to 20 days to arrive), often admissions offices will work with you and grant you provisional acceptance based on the unofficial score you receive immediately after finishing the GMAT, pending that final score report. When in doubt, call the admissions offices of your target schools and ask them what the absolute latest is that they’ll accept a GMAT score from you. They want to work with you, so don’t be afraid to ask.

[b][b]• Don’t drag it out[/b][/b]

 One of my favorite teaching points when I’m training my team on the importance of taking action goes as follows: Five birds are sitting on a wire. Three decide to fly off. How many are left?”

Answer: All five.

Why? Because deciding to do something isn’t the same as actually doing it! The same goes for the GMAT.

I can’t tell you how many times I have students sign up for one of my courses and despite having completed all of the course material and taken all of the practice tests, they drag out the process of actually signing up for the real thing. The truth is, you’ll probably never feel 100% ready for the GMAT. You’ll always feel like there’s one more thing to learn or one more practice problem to solve. But really, it’s fear that’s holding you back. And the best antidote to fear is action. So my advice is to pick a date based on the guidelines I described above and lock it in stone by actually submitting your registration. That way you’ll have a fixed target on your calendar that you can start working toward!

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Brett Ethridge is the founder of Dominate the GMAT, a leading provider of GMAT courses online and topic-specific GMAT video lessons. He has taught the GMAT for 10 years and loves working with students to help them achieve their highest potential. Brett is an entrepreneur, a triathlete, and an avid Duke basketball fan.

Related Resources:

GMAT Admissions 101

Should You Take the GMAT or the GRE?

• GMAT Facts: True or False

Tags: Dominate the GMAT, GMAT, MBA Admissions

The post When is the Best Time to Take the GMAT? appeared first on Accepted Admissions Consulting Blog.

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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

_________________

Linda Abraham
Accepted ~ The Premier Admissions Consultancy
310-815-9553

Co-Author of: MBA Admission for Smarties: The No-Nonsense Guide to Acceptance at Top Business Schools

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GMAT’s New Enhanced Score Report [#permalink]

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New post 06 Feb 2015, 11:00
FROM Accepted.com Blog: GMAT’s New Enhanced Score Report
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New tool to help GMAT-takers plan for a retest.

Starting in February 2015, GMAC will be launching its new Enhanced Score Report as a way of helping test takers better understand their GMAT performance and potentially strategize and plan for a retest.  With this new tool, test takers will be able to see how much time they spent on each question, identify their skill strengths and weaknesses, and benchmark their performance against test takers from the last three years. The customized summary report will help test takers prepare for future study and test taking.

The AWA score is not included in the ESR since the report only uses data generated from unofficial scores (and this does not include the AWA). There is also no sub-section feedback given on the IR section since that section is too small to provide an adequate sample.

Test takers may purchase their GMAT Enhanced Score Report here for $24.95 and then have access to their report for five years. You can purchase your ESR for GMAT exams taken as far back as October 2013. ESRs become available up to 48 hours after you’ve completed your GMAT exam. Applicants who purchase the ESR also receive two additional practice exams and nearly 100 additional practice questions.

Starting last year in June 2014, GMAC gave test takers the option of cancelling their scores within a few minutes of completing the exam. The ESR authentication code can be applied to those cancelled exams, but not towards a GMAT exam for which a score was revoked due to a policy violation.

My thoughts:

This information should be valuable to those who aren’t satisfied with their GMAT score and want to know where to focus their studies. For those people the data is worth the fee. And in the context of the cost of the MBA, it is pocket change.

At the same time, this new revenue source for GMAC represents another competitive advantage for the GRE, which is less expensive than the GMAT to begin with.

Furthermore ETS, the entity behind the GRE, already provides the GRE Diagnostic Service at no additional cost to its test takers, and that service is similar to GMAT’s Enhanced Score Report. According to the ETS website:

“The GRE® Diagnostic Service provides insight into your performance on the test questions in the Verbal Reasoning and Quantitative Reasoning sections of the GRE® revised General Test. This FREE service includes a description of the types of questions you answered right and wrong as well as the difficulty level and time spent on each question.”

Unlike the GMAC’s ESR, the Diagnostic Service does not provide practice exams or questions.

My sense is that the $25 fee will be resented by affluent test takers, but if they need the information they will (and should) pay for it. It will be yet one more hurdle for applicants from disadvantaged backgrounds. And for those unsure of which of the two tests to take, the price of the ESR just adds a little weight to the side of the scale that says “GRE.”

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By Linda Abraham, president and founder of Accepted.com and co-author of the definitive book on MBA admissions, MBA Admission for Smarties: The No-Nonsense Guide to Acceptance at Top Business SchoolsThat GMAT Score: Implications for Your MBA Application

• Should You Retake the GMAT Exam?

• GRE vs. GMAT: Trends

Tags: GMAC, GMAT, MBA Admissions

The post GMAT’s New Enhanced Score Report appeared first on Accepted Admissions Consulting Blog.

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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

_________________

Linda Abraham
Accepted ~ The Premier Admissions Consultancy
310-815-9553

Co-Author of: MBA Admission for Smarties: The No-Nonsense Guide to Acceptance at Top Business Schools

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The Hottest Skills that will Land You the Hottest Jobs [#permalink]

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New post 08 Feb 2015, 12:00
FROM Accepted.com Blog: The Hottest Skills that will Land You the Hottest Jobs
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What are recruiters really looking for?

recent Businessweek article highlights the top skills job-seekers need to make the greatest impression on headhunters and future employers. What’s not high up on the list? Involvement in startups. According to the recruiters surveyed in BW’s 2014 b-school rankings, employees who are entrepreneurial thinkers and “cosmopolitan self-starters” aren’t as important as employees who can “write clean e-mails, work in a team, and think analytically.”

Businessweek’s polled 1320 MBA recruiters from various industries, asking them to choose up to five skills or assets from a list of 14. Here’s what they found were most important (the top three) and least important (the bottom three):

 68% — Good communication

• 60% — Analytical thinking

• 55% — Ability to work collaboratively

• 15.2% — Industry-related work experience

• 12.3% — Global mindset

• 8.9% — Entrepreneurship

See BW’s chart for more details:

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Recruiters said that the following skills/assets were the most difficult to find among job applicants:

• 47.3% — Strategic thinking

• 44.4% — Creative problem-solving

• 42.2% — Leadership skills

Here’s the BW chart on that:

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Related Resources:

• MBA Hiring Expected to Increase in 2015

• MBA Project Search: Matchmaking for MBAs and Businesses

• 5 Tips to Find a Satisfying Career

Tags: hiring, Job Search, MBA Admissions

The post The Hottest Skills that will Land You the Hottest Jobs appeared first on Accepted Admissions Consulting Blog.

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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

_________________

Linda Abraham
Accepted ~ The Premier Admissions Consultancy
310-815-9553

Co-Author of: MBA Admission for Smarties: The No-Nonsense Guide to Acceptance at Top Business Schools

Follow Accepted on Twitter
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Pop Quiz: How Should You Prepare for the GMAT? [#permalink]

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New post 11 Feb 2015, 10:00
FROM Accepted.com Blog: Pop Quiz: How Should You Prepare for the GMAT?
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True or False? Some people are natural test-takers who won’t need to study at all and who will still ace the GMAT.

FALSE! Even the smartest among us still needs to prepare for something as difficult and weighty as the GMAT.

The more focused prep you do using reliable sources, the greater your chances are of walking in on test day and taking the GMAT by storm.

I am truly excited to introduce you to Brett Ethridge, Founder of Dominate the GMAT, at our upcoming live webinar, Your 3-Part Game Plan to Dominate the GMAT. During the webinar, Brett will help you create an actionable plan for prepping for and taking the GMAT confidently and successfully.

The webinar will start this Wednesday (Wednesday, Feb. 11th) promptly at 10:00 AM PST/1:00 PM EST. Reserve your spot for Your 3-Part Game Plan to Dominate the GMAT now!

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Tags: Dominate the GMAT, GMAT, MBA Admissions, webinar

The post Pop Quiz: How Should You Prepare for the GMAT? appeared first on Accepted Admissions Consulting Blog.

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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

_________________

Linda Abraham
Accepted ~ The Premier Admissions Consultancy
310-815-9553

Co-Author of: MBA Admission for Smarties: The No-Nonsense Guide to Acceptance at Top Business Schools

Follow Accepted on Twitter
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Kudos [?]: 581 [0], given: 74

Pop Quiz: How Should You Prepare for the GMAT?   [#permalink] 11 Feb 2015, 10:00

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