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Amerasia MBA Blog

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Goal Setting  [#permalink]

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New post 26 Mar 2019, 19:01
FROM Amerasia MBA Blog: Goal Setting
Now that your new years resolutions are long forgotten, isn’t it time to set some real goals for MBA applications?Goal setting for MBA applicants has dual benefits.  Not only will smartly established goals put you on a course towards a winning application, but well-defined goals will also position you with the right mindset for b-school itself. 
To most MBA applicants, human nature makes us feel like everyone else has it all pulled together, but the truth is, much of the success-oriented skills and abilities top business people utilize to advance their careers were not honed until they attended business school.  But it’s never too early to exercise these skills, and doing so will only enhance your application.
Firstly, you must make yourself set time-defined goals for the application process.  Deadlines are non-negotiable, and the myriad of tasks that must be done before submission need to be thoughtfully scheduled if you plan to avoid submission stress.  Adding unnecessary stress to the process by failing to establish personal goals will only detract from the quality of your MBA application.
Beyond the straightforward goals you must have in place for the application, the more important part of goal setting this year comes in your career.  Precisely because the MBA is often used to change your career trajectory, you must give thoughtful consideration to your short and long term goals now, lest you risk getting off course.
Business schools will also want to know what your short and long term goals are.This is where some applicants get confused and sometimes send a negative message to the admissions committees in the process.  Short term goals as it pertains to your business school story should begin with your first job after business school.  Do not list as your short term goal going back to get your MBA.  Doing so will make you appear naïve.  Your short term goals essentially encompass the first five years post MBA.  These goals should be both clear and attainable.  This means you can’t lay out goals for the adcom which don’t appear to be reasonable given your prior work experience. 
Set goals that seem to be a natural extension of what you have achieved so far, yet challenge yourself to a level of achievement that can only be reached with the benefit of an MBA.Once you have solid five year goals, you can dream a little more wildly with your long term goals.  While long term goals are best when they compliment your short term goals, you can stretch your vision towards aspirational achievements such as becoming a c-suite executive or launching a successful multi-national company, etc. 
 
To find out more about your options and how we can guide your business school application process, email us at mba@amerasiaconsulting.com or contact us via http://www.amerasiaconsulting.com/contact
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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

_________________

Paul Lanzillotti | Founder| About | mba@amerasiaconsulting.com | 877.866.9251

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Download "How To Apply" Guides | INSEAD | Columbia | Harvard | Wharton
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MBA Pathways  [#permalink]

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New post 27 Mar 2019, 21:02
FROM Amerasia MBA Blog: MBA Pathways
Whether it’s toothpaste, eyeglasses, or laptop computers, the modern marketplace is all about consumer choice.  This has also made it to graduate schools of business.In the old days, there was one MBA program, which was what is now the two-year full-time MBA.  The “nightschool” version of this program soon followed, to cater to those who didn’t mind taking a bit longer as long as they could keep their jobs.  Same for the executive MBA, the one-year MBA, the global MBA and the online MBA.  There has essentially been a never-ending flow of options for how to advance your business education over the years.
How you get there has also branched out.It’s no longer just work 2-5 years and bounce out to b-school.  The early career MBA is now a bona-fide option too, allowing younger, early career achievers to get their advanced degree in some cases without any post-undergrad work experience at all.  One of the most popular options is the hybrid “pathway” model.  Harvard popularized it with their 2+2 program, then Yale followed suit with Silver Scholars and now there are dozens of programs with Pathway programs in place.
Pathway programs basically accept applications from students who are still enrolled in an undergraduate program, then select a handful to “pre-admit” to their full time MBA program.  Most often, these programs require students to graduate from college and then work at least two years in the field of their choice.  At the conclusion of the two years of full time work experience, the student can then enroll in the MBA program without any further application processing.
Why would an MBA program pre-admit students?The biggest reason is so that they can keep their pipeline full. They figure if they are the first program to extend an offer, the chances of a student choosing to come back is high.  We all know what a pain it is to apply to b-school, so the prospect of not having to do that while you are working is appealing. 
There are no guarantees, however that the student who is accepted through an MBA Pathway program will come back to get their MBA.  The pathway programs do not obligate applicants to return, rather it only incentivizes them to do so.  But before you get too excited about this seemingly easy option in, know that only the most highly achieving students are typically accepted this way.  Still, if you have a great GMAT score, a stellar academic record, good student involvement and a mature vision for why you want the MBA (and of course you’re still in an undergrad program), the Pathway options might be of interest.
To find out more about your options and how we can guide your business school application process, email us at mba@amerasiaconsulting.com or contact us via http://www.amerasiaconsulting.com/contact
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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

_________________

Paul Lanzillotti | Founder| About | mba@amerasiaconsulting.com | 877.866.9251

Schedule a Consultation | Twitter | Blog

Download "How To Apply" Guides | INSEAD | Columbia | Harvard | Wharton
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Leading When You're Not In Charge  [#permalink]

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New post 29 Mar 2019, 22:01
FROM Amerasia MBA Blog: Leading When You're Not In Charge
Demonstrating leadership is one of the most critical things you must do if you want to impress the MBA adcoms.  But what if you don’t have a position of leadership at work?Leading when you’re not in charge is the answer.  If this sounds like an oxymoron, it’s because pulling it off takes a bit of finesse.  The stakes are high, however, since the alternative (not having any evidence of leadership in your application) is a sure way to find yourself in the reject pile.
Let’s face it: very few of us have high-level management experience when we decide to go back for our MBA.This is exactly why we’re going back, right?  To have access to the kind of managerial leadership positions that will allow us to have more impact at work. Still, this is not an excuse to miss out on critical leadership experience. 
You can always start with peer leadership.  Leading your peers can be as simple as going out of your way to support their success.  This is the essence of servant leadership itself.  The added bonus of demonstrating this kind of leadership at work is that it will also earn you credit in the teamwork department, another hyper-critical core profile characteristic for MBA applications.
Thought leadership is also achievable even when you are not in charge.Are you known at work for your good ideas?  Are you quick to step up to solve a problem or tackle a complex challenge?  This type of behavior at work is thought leadership by definition.  Thought leadership is also when you have influence on peers or management.  Being a center of influence can be a powerful sign that your leadership potential is high.  Business schools don’t expect applicants to be CEOs, they just expect applicants to have the raw materials inside them to become CEOs.
If you still have challenges thinking of examples of how you are a leader even when you are not in charge, you might turn your thoughts to your extracurricular activities.  Being on a board or community service team often allows you to operate as a leader even if you are not the chief organizer or manager of an activity or event.  Ultimately, you will need to describe your leadership style and experience whether or not you have a title or responsibility which naturally exudes leadership. 
To find out more about your options and how we can guide your business school application process, email us at mba@amerasiaconsulting.com or contact us via http://www.amerasiaconsulting.com/contact
Permalink
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

_________________

Paul Lanzillotti | Founder| About | mba@amerasiaconsulting.com | 877.866.9251

Schedule a Consultation | Twitter | Blog

Download "How To Apply" Guides | INSEAD | Columbia | Harvard | Wharton
MBA Admissions Consultant
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Joined: 25 Jan 2010
Posts: 946
Millennials and the MBA  [#permalink]

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New post 09 Apr 2019, 20:02
FROM Amerasia MBA Blog: Millennials and the MBA
If you are 22-37 years old, congratulations, you’re a Millennial.  You also happen to be in the sweet spot for returning for your MBA.As a matter of fact, with the average age of full time MBA students at 28, we’re smack dab in the middle of what’s been called the “entitled” generation.  So what’s it going to be like applying against all those other kids who all got trophies growing up?
For starters, you have to know your competition in order to stand out and despite the bad rap that millennials have received for being self-centered, it’s actually one of the most caring generations in decades. 
Millennials are driven by a cause, which is a very good thing.Also be aware, however that when you are writing your MBA essays, your fellow applicants (just like you) will be angling to change the world.  This knowledge will help you realize that you’re not necessarily going to be all that unique when you talk about how your aim is to impact the globe for the greater good.
Does the fact that everyone these days wants to do well by doing good mean you have to change your approach?  Maybe.The key will be in demonstrating that you can pull it off.  When writing essays as a millennial, try to avoid sounding like a dreamer and instead, demonstrate you are a visionary.  There’s a big difference.
Being a visionary means you actually have the passion and experience to achieve what you say.  This is most often backed up with your prior career record coupled with good recommendations.  If your recommenders tout your skills as an influencer and change agent, it adds a tremendous amount of credence to your future plans to take over the world.  Similarly, if your track record at work indicates you have been a standout vs. a bystander, you will be putting the proverbial money where your mouth is, and can edge out your fellow millennials who might come across as the world owes them something instead of vice versa.
So embrace your generation and capitalize on the reputation for caring and engagement, while shunning the misnomer of laziness and entitlement.  The world needs our millennial crew to do great things…and b-schools want to hear about how you’re going to make it happen.
To find out more about your options and how we can guide your business school application process, email us at mba@amerasiaconsulting.com or contact us via http://www.amerasiaconsulting.com/contact
Permalink
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

_________________

Paul Lanzillotti | Founder| About | mba@amerasiaconsulting.com | 877.866.9251

Schedule a Consultation | Twitter | Blog

Download "How To Apply" Guides | INSEAD | Columbia | Harvard | Wharton
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Joined: 25 Jan 2010
Posts: 946
Maximize Your Time  [#permalink]

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New post 14 Apr 2019, 13:01
FROM Amerasia MBA Blog: Maximize Your Time
So much work goes into applying to b-school, that most people don’t stop to think about the 8-12 months between getting in and going back.There’s no better feeling than when you are contacted by your dream MBA program that you are being offered a slot.  All the hard work in your undergrad years, your career, and in your application itself is represented in that one notice.  You did it.  Now what?
In most cases, there’s not much more for you to achieve or to learn by staying put in your current role…Yet most people do exactly that---stay put until they pack off for business school.  Have you thought about what you might do with the time between getting in and going back?  Even if you are currently in the cycle, you still have several months ahead.  What are you going to do with the time?
Being back in school full time means being without an income, so certainly there is no shame in plugging along until the last minute to earn and save some cash.  But keep this in mind:  there will not likely be another time in your life where you will be in a position of freedom like this.  The next few months are truly unreserved and unobserved.  There’s no accountability to either your employer nor your approaching MBA program. 
If you have ever wanted to take that exotic excursion you’ve always dreamed of, now is the time.But if you’re the type of driven person who just can’t spend valuable time relaxing, you can always travel with a purpose.  Most MBA programs of merit have a global focus, so you can dramatically increase your value in the classroom if you have some international experiences to draw from.  Why not go on a two-month informational tour of blue-chip Europe?  You might be surprised how many companies will welcome a visit from a curious student.  Having that admissions ticket can open doors previously unavailable.
If traveling is not in the cards for you, another thing to consider is taking on a new job.  Sounds like a challenge in some ways (after all, companies may not want to hire you if you’re only around for a few months), but if you can swing temporary employment, especially in an area of interest for your targeted post-MBA career track, you’d be one step ahead of the game by logging a little pre-MBA time in that area. 
Now is the time to roll the dice, because you literally have nothing to lose. 
To find out more about your options and how we can guide your business school application process, email us at mba@amerasiaconsulting.com or contact us via http://www.amerasiaconsulting.com/contact
 
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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

_________________

Paul Lanzillotti | Founder| About | mba@amerasiaconsulting.com | 877.866.9251

Schedule a Consultation | Twitter | Blog

Download "How To Apply" Guides | INSEAD | Columbia | Harvard | Wharton
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Joined: 25 Jan 2010
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Apply Early and Often  [#permalink]

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New post 17 Apr 2019, 21:01
FROM Amerasia MBA Blog: Apply Early and Often
If you’re going back to business school, you’re probably also calculating how to pay for it.Top business schools are blessed with large endowment funds.  This means there is plenty of fellowship money flowing out to high-performing applicants.  If affording business school is top of mind for you, know that with some diligence, you can position yourself in an ideal position for receiving offers from schools which include fellowship funds. 
For starters, it’s important to get the nomenclature down.  Typically at the graduate school level, scholarships are called fellowships.  It’s more common for the term “scholarship” to apply to undergraduate grants.  Still, some MBA programs might call their offers “scholarships,” but you might try searching for the term “fellowships” if you are having trouble finding information on the internet. 
MBA fellowships have become much more common in the current era of graduate business school applications.  The arms-race for top students has propelled top schools into a highly competitive market where everyone is trying to out-offer each other when it comes to providing fellowship funds for their most competitive applicants. 
Even marginally-competitive applicants are being offered money, however.It’s actually pretty unusual for applicants to well-known MBA programs to not have some kind of fellowship offer. The key to all of these offers, however is to apply early.  Typically, schools will award 80% of their fellowship pool of funds in the first and second round.  The most competitive schools will save back about 20% for rounds three and beyond, but because many schools are in a use-it-or-lose-it situation with awarding funds, they definitely have everything allocated by the time their final rounds are complete. 
Suffice it to say that in order to be most competitive for money offers means you should apply early and apply to several schools.  The good news is, you can sometimes even use one school’s offer to leverage a better offer from somewhere else.  As the old saying goes, everything is negotiable. 
 
To find out more about your options and how we can guide your business school application process, email us at mba@amerasiaconsulting.com or contact us via http://www.amerasiaconsulting.com/contact
Permalink
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

_________________

Paul Lanzillotti | Founder| About | mba@amerasiaconsulting.com | 877.866.9251

Schedule a Consultation | Twitter | Blog

Download "How To Apply" Guides | INSEAD | Columbia | Harvard | Wharton
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Joined: 25 Jan 2010
Posts: 946
MBA for FREE  [#permalink]

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New post 19 Apr 2019, 20:02
FROM Amerasia MBA Blog: MBA for FREE
If paying for your MBA is giving you sleepless nights, why not just get yours for free?The rising cost of higher education is no secret and never more evident than in graduate business schools.  With tuition, books, fees and incidentals topping $150K at some of the elite schools (not to mention the opportunity cost of leaving the work force for two years), it’s no surprise that MBA students spend considerable time figuring out creative ways to pay it all off. 
In the old days, not only was school cheaper, but companies also regularly paid for employees to get their MBAs.In fact, in addition to company-sponsored students in the USA, most if not all international students were being paid to go back for a business degree.  Suffice it to say, no matter whether you were a US student or coming here from abroad, receiving a corporate sponsored MBA was the expected model for every fast-tracking, corporate ladder-climbing young manager out there.  Pay for business school?  Most successful yuppie types never even considered it.
Then the financial crisis hit.  Suddenly, the sticker shock of having corporate sponsorships removed, coupled with the over-inflated rise of tuition was palpable.  This one-two punch dealt a crushing blow to the schools too, who saw applications plummet. 
As the economy recovered, schools emerged scarred but smarter. They began cutting costs and growing their endowments, supplanting corporate sponsorships with privately-raised scholarships and fellowships. 
Cut to the present, where the economy is back, endowments are flush and companies are beginning to pay for school again. If you are lucky enough to work for a blue-chip company which values the MBA as a tool to develop their management workforce, you are likely hearing about opportunities for them to cover your tuition in its entirety.  Sure, it might require you to return to work there post MBA, but when you can get a $150,000 education for free, it’s probably worth it.  Even if you don’t work for a company who typically pays for graduate school, you might try talking to your management team about the possibility.  The worst thing they can tell you is “no,” of course, but you might be surprised what you can negotiate in a low-unemployment environment like this where keeping employees happy is top of mind for every company executive.
To find out more about your options and how we can guide your business school application process, email us at mba@amerasiaconsulting.com or contact us via http://www.amerasiaconsulting.com/contact
Permalink
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

_________________

Paul Lanzillotti | Founder| About | mba@amerasiaconsulting.com | 877.866.9251

Schedule a Consultation | Twitter | Blog

Download "How To Apply" Guides | INSEAD | Columbia | Harvard | Wharton

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