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Aringo.com MBA Updates

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ARINGO

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11 Dec 2013, 13:38

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Welcome to the Aringo.com MBA Updates, where posts will be created periodically to help you in your MBA journey. Check back or follow this thread to stay updated!

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11 Dec 2013, 14:00

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FROM Aringo Blog: Crossing Fingers!

Another Aringo client was invited to interview at NYU (MBA).

This Blog post was imported into the forum automatically. We hope you found it helpful. Please use the Kudos button if you did, or please PM/DM me if you found it disruptive and I will take care of it. -BB

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11 Dec 2013, 14:00

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FROM Aringo Blog: Poets & Quants Ranks the Top 100 MBA Programs

The site Poets & Quants published its annual ranking of Full-Time U.S. MBA programs in the U.S., a comprehensive formulation based on the five most important rankings of MBA programs- The Economist, Businessweek, Forbes, Financial Times, and US News with each program allocated an index between 1 and 100.

Harvard topped the ranking for the fourth time in a row, followed by Stanford, Chicago, Wharton, and Kellogg. The competition was tight between the four leading programs (only 1.8 points separated the first and fourth), and overall there were no significant changes from last year. According to the ranking, Chicago topped Wharton for the fourth time in a row, sealing H/S/C as the MBA leaders, rather than H/S/W.

Rounding out the top-20:
6- MIT
7- Columbia
8- Tuck
9- Duke
10- Berkeley
11- Cornell
12- Michigan
13- Darden
14- UCLA
15- NYU
16-Carnegie-Mellon
17- Yale
18- UNC
19 - Texas
20 – Indiana

In addition, P&Q also published a separate ranking of the best MBA programs outside the U.S.:
1- LBS
2- INSEAD
3- IMD
4- IESE
5- IE
6- ESADE
7- Oxford
8- HEC Paris
9- HKUST
10- SDA Bocconi

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15 Dec 2013, 15:00

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FROM Aringo Blog: Congratulations!

Three additional Aringo clients got accepted to Harvard (MBA).

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15 Dec 2013, 15:00

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FROM Aringo Blog: Crossing Fingers!

Another Aringo client was invited to interview at Berkeley (MBA).
Another Aringo client was invited to interview at NYU (MBA).

ARINGO

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31 Dec 2013, 15:00

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FROM Aringo Blog: What is the 2014 MBA Salary Forecast?

A new GMAC survey published this month reveals the salary forecast for fresh MBA graduates. The survey included 211 employers in 33 different countries and reveals that 42% of employers plan to pay newly graduated MBAs this year the same as in 2013, while 45% of employers plan to pay slightly more in accordance with the inflation rate. Only 11% plan to increase salaries for MBA alumni at a rate higher than inflation. Two percent of employers plan to pay less in 2014 than in 2013.

In terms of employment predictions, 72% of those surveyed responded that they plan to recruit MBA graduates in the year 2014 (one percent higher than last year), with most planning to recruit the same number or more of MBA graduates as opposed to last year.

What can new MBA graduates do to improve their employment chances? Ninety-eight percent of employers responded that MBAs need to be able to utilize data toward decision-making, and 97% said MBA graduates must have excellent interpersonal skills.

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05 Jan 2014, 14:00

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FROM Aringo Blog: The Most Wanted MBAs? Harvard, Stanford, INSEAD, and LBS

The annual QS TopMBA survey was released revealing which MBAs carry the highest demand in the job market. The survey included employers from around the world and aims to uncover from which business schools they prefer to recruit.

In North America, employers look to hire from Harvard and Stanford, while in Europe they favor INSEAD and LBS, and INSEAD Singapore leads in Asia.

In addition, the report also points to the top schools among recruiters for different specializations. Among U.S. schools, employers prefer to hire Harvard graduates in the areas of social responsibility, entrepreneurship, leadership and strategy, and MIT graduates for the areas of information management and operations management. Stanford alumni are considered tops for innovation, Wharton graduates are preferred for finance, and Kellogg leads in marketing.

The study also showed that alumni salaries directly reflect the schools from which they graduated – HBS graduates earn an average starting salary of $120,000 while alumni from less popular programs earn salaries in the area of $70,000.

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19 Jan 2014, 01:00

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FROM Aringo Blog: MBA - Additional Options

800x600
Normal 0 false false false EN-US X-NONE HE MicrosoftInternetExplorer4

Dear all,

Here is an option that many candidates aren't aware of - we decided to update you about this:

From Mid-January, there are about 40 deadlines (that are not last rounds deadlines!) for some of the world's top MBA programs (Top 25 programs, including Columbia, INSEAD, and others).

These deadlines are for school start dates in September 2014 or January 2015.
The admission chances in these deadlines are similar to second-round chances.

Please see these options here:
https://www.aringo.com/lowseasondeadlines.htm

Hope you find this info helpful!

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23 Jan 2014, 03:00

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FROM Aringo Blog: Crossing Fingers!

Another Aringo client was invited to interview at MIT(LGO).
Two additional Aringo clients were invited to interview at Michigan (MBA).

ARINGO

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23 Jan 2014, 03:00

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FROM Aringo Blog: Update from HBS and Stanford for Round 2 Candidates

Harvard and Stanford’s admission committees published updates for Round 2 candidates, including timetables for interview invitations.

The deadline for Stanford’s Round 2 was 1/8, and they intend to continue their Round 1 pilot of completing all interviews within four weeks with rejected candidates receiving their answers earlier in order to enable them to apply to other schools. Interview invitations will be sent to Round 2 candidates between 2/3 – 3/4.

Harvard reported that they will send interview invitations to Round 2 candidates on two specific dates – 1/29 and 2/5, and that rejection notices will be released on 2/5 to all candidates not advancing in the process. Interview invitations will be sent via email and will include times and locations for campus interviews occurring February 13-28 as well as interviews in other cities around the world. Candidates who cannot travel can be interviewed over Skype.

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01 Feb 2014, 12:00

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FROM Aringo Blog: Congratulations!

Another Aringo client was accepted to INSEAD (MBA).

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12 Feb 2014, 02:00

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FROM Aringo Blog: Update from MIT for Round 2 Candidates

MIT Sloan’s admission committee published an update for Round 2 candidates about interviews:

Applicants who submitted Round 2 applications will receive interview invitations February 14-28, while applicant not invited to interview will receive final notification by February 28th.

The admissions committee will conduct interviews on campus and at 15 additional cities around the world, with invitations being be sent out at least a week ahead of the interview date. All of the interviews are conducted by admissions committee members, not by students or alumni.

Each interview is composed of 3 segments:

In the first segment, candidates will be asked a question about their application. For example, the interviewer might ask the candidate to expand on a story from one of the essays, or to describe a position mentioned in the CV.
The second segment will include behavioral questions testifying to candidates’ skills and enabling the interviewers to better get to know them. For example, candidates may be asked to tell about a time they had to motivate a co-worker.
In the third segment, candidates will be given the opportunity to ask the interviewers questions.

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12 Feb 2014, 02:00

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FROM Aringo Blog: Crossing Fingers!

Another Aringo client was invited to interview at LBS (MBA).

ARINGO

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17 Feb 2014, 01:00

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FROM Aringo Blog: Congratulations!

Another Aringo client was accepted to NYU (MBA).

ARINGO

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27 Feb 2014, 17:00

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FROM Aringo Blog: Congratulations!

Two additional Aringo clients were accepted to INSEAD (MBA).

ARINGO

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27 Feb 2014, 17:00

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FROM Aringo Blog: Harvard Refutes Common Round 3 Myths

HBSposted on its blog about its Round 3 application option (deadline: 4/7), usually considered to bear the lowest chance of admission, and addressed some common myths on the topic:

"Myth #1: There are no spots available.
Not true. We manage the selection process to ensure that there are always spots open for the candidates we want. Are there as many spots open as in Rounds 1 and 2? No. Are there as many applicants? No. Do I think a strong candidate has a fair shot? Yes.

Myth #2: We’ve run out of financial aid.
Not true. The very last person admitted to the class has access to the same need-based financial aid that the very first person received.

Myth #3: If I get dinged in Round 3, I can't/shouldn't apply the next season in Round 1.
Not true. There's absolutely no stigma in re-applying 5 months later. Happens a lot. Many people in our classroom today were successful re-applicants.

Myth #4: It's too late for 2+2 applicants.
Not true. Not even close to true. Round 3 is a great choice for 2+2 applicants. Why? We can be more flexible about the number of 2+2 admits given that we are not worried about a "seat being occupied" for this September. College seniors have another semester of grades to show us. And another semester of activities. I also see a 2+2 application as a good dress rehearsal for future applications - and possibly interviews - to lots of other selective scenarios. If you aren't admitted to 2+2, we like to say (over and over): It doesn't mean not ever, it means not now. Besides, it's a great deal. $100 application fee. A chance to get the standardized tests over with when you're in test-taking mode. And, best of all, two or three years to explore and then come to HBS.

Myth #5: There's no Welcome Weekend for Round 3 admits.
True. But all the interviews will be held on campus so you'll get to see us in real time. And here's some advice about visiting classes and the campus:
If you want to see the case method in action, there are many spots available to visit a HBS class this spring. Also, there will be limited availability for visiting a class before the Round 1 application deadline next fall, so this is a great time to visit. Register for a class visit through our online scheduling system. We will also be hosting several other events on campus in the next few months, including an LGBT Open House, Prospective Students’ Diversity Day, and lunches for prospective women applicants with members of the Women’s Student Association.

You can always meet us online, too. We will be hosting Admissions Q&A webinars to answer your questions before the Round 3 deadline, as well as webinars featuring members of the Women’s Student Association and the Armed Forces Alumni Association. To learn more, please see the Admissions Events page of our website."

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18 Mar 2014, 04:00

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FROM Aringo Blog: US News Specialization Rankings

In addition to its general ranking of the top U.S. MBA programs published last week, US News also posted specialization rankings of the top programs in various categories. Here are the top three programs for each category:

Accounting
1- University of Texas—Austin (McCombs)
2- University of Pennsylvania (Wharton)
3- University of Illinois—Urbana-Champaign

Entrepreneurship
1- Babson College (Olin)
2- Stanford University
3- Massachusetts Institute of Technology (Sloan)

Finance
1- University of Pennsylvania (Wharton)
2- University of Chicago (Booth)
3- New York University (Stern)

Information Systems
1- Massachusetts Institute of Technology (Sloan)
2- Carnegie Mellon University (Tepper)
3- University of Texas—Austin (McCombs)

International
1- University of South Carolina (Moore)
2- Thunderbird School of Global Management
3- University of Pennsylvania

Management
1- Harvard University
2- Stanford University
3- University of Pennsylvania (Wharton)

Marketing
1- Northwestern University (Kellogg)
2- University of Pennsylvania (Wharton)
3- Stanford University

Nonprofit
1- Yale University
2- Stanford University
3- Harvard University

Production / Operations
1- Massachusetts Institute of Technology (Sloan)
2- Carnegie Mellon University (Tepper)
3- University of Pennsylvania (Wharton)

Supply Chain / Logistics
1- Massachusetts Institute of Technology (Sloan)
2- Michigan State University (Broad)
3- Arizona State University (Carey)

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30 Mar 2014, 13:00

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FROM Aringo Blog: Congratulations!!

Another Aringo client was accepted to Wharton (MBA).
Another Aringo client was accepted to Duke (MBA).
Another Aringo client was accepted to LBS (MBA).
Another Aringo client was accepted to Chicago (MBA).

ARINGO

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27 Apr 2014, 01:00

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FROM Aringo Blog: Congratulations!

Another Aringo client was accepted to MIT (MBA).
Another Aringo client was accepted to UCLA (MBA).

ARINGO

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30 Apr 2014, 15:00

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FROM Aringo Blog: How to Get Into a Top Program at 30+

An article on the site Poets & Quants discusses the difficulty candidates in their 30’s face in applying to top MBA programs considering the trend among these programs to prefer younger candidates in their 20’s.

A survey of the class profiles for the top full-time MBA programs indicates that the average age at Harvardis 27, while at Chicago, MIT, Kellogg, Columbia, Tuck, Berkeley, Michigan, and Texas the average age stands at 28. Wharton and NYU do not publish this data, but the average number of years of pre-degree career experience is 4.6 at NYU and 5.5 at Wharton.

The situation in Europe differs slightly, with an average age of 28.6 at LBS and about 6 years of career experience at INSEAD. IMD and HEC Paris are the only top-20 programs with an average age of 30 and above.

Of course these averages do not mean that there are no older class members – the age range of students at MIT and Tuck include 37-year-olds, and UCLA and Oxford have students in their forties, but there is no doubt that the majority of students are in their mid-late twenties. For example, 80% of the students at Columbia are between 25 and 30.

So why are there so few students 30+ at the top programs? One reason is that there are simply less applicants from this age group. Many people have reached a stage in their careers (in terms of seniority and salary) when an MBA is no longer necessary or worthwhile considering the two-year break in employment. Older candidates may also have families, which can make full-time study difficult. So, older candidates often choose EMBA or part-time programs. Almost all of the top programs, except Harvard, Stanford, and Tuck offer EMBA programs and will even recommend to some of their older general applicants to apply to these programs instead.

So what do admissions officers really think? Applicants in their 30’s with impressive backgrounds will always be considered, though the best candidates usually apply early in their careers. Top programs prefer younger candidates who can be molded and whose careers can be influenced, and may prefer to avoid older candidates who only wish to enhance their resumes in order to advance their already established career. Relatively older candidates who still succeed in getting accepted are often those with the best reasons for why they need an MBA, as well as realistic career goals, strong grades and impressive career experience.

Older candidates might find it difficult to fit in socially in a younger class, and demonstrate less motivation for group work. In addition, employers that recruit from top programs also prefer relatively younger candidates, since most positions require long hours and sometimes travel, which is less appropriate for older candidates, especially those with families. Another important factor to which admissions committees may not admit is that a program’s ranking is partly based on students’ post-graduation increase in salary, and this increase will be more significant for younger candidates than for older candidates.

So what then can older candidates do to improve their admissions chances? First of all, they must justify why they are applying now. A good explanation that stems from life circumstances (studies, military service…) and candidates’ career development can certainly put them in a better position for acceptance. In addition, older applicants must be realistic concerning their post-graduation career goals and compose goals appropriate for their age and career path to date. They must convince the admissions committee that they will not have difficulty finding a job upon graduating. Older candidates must also demonstrate fit to the program’s student community and willingness to integrate socially, possibly through community/social involvement.

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