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hbsguru
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What's TPG??
hbsguru
BAD DAY FOR PE POWERHOUSES AT HBS

PE FIRMS (KKR, BX, CARL) get little love @ #HBS, TPG bats 500+ and leads league by A LOT-- will there be blood?

Nohria and HRH may find out where babies come from and how bread gets buttered.

We shall see.

Any male PE guy class of '06 or older who got in, please call home, or check in here, we want to know you exist.

(well, you exist, but there are just WAY fewer of you).

Texas Pacific Group.. it's top private equity firm
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So PEs are out of favour this year according to HBS Guru?


lostphoton
crimemaster
What's TPG??
hbsguru
BAD DAY FOR PE POWERHOUSES AT HBS

PE FIRMS (KKR, BX, CARL) get little love @ #HBS, TPG bats 500+ and leads league by A LOT-- will there be blood?

Nohria and HRH may find out where babies come from and how bread gets buttered.

We shall see.

Any male PE guy class of '06 or older who got in, please call home, or check in here, we want to know you exist.

(well, you exist, but there are just WAY fewer of you).

Texas Pacific Group.. it's top private equity firm
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Slow response, but my wife and I both were accepted!!!! I am still shocked we got in considering we are not the "typical" HBS profile due to our WE and age. If you asked me 3 months ago, I would have bet that we would not have had a snowball's chance in hell. Here are our profiles!

Me: 27/720/3.5/BS and Masters at top engineering school in US/WE: Electronics manufacturing
Wife: 27/680/3.8/BS and Masters at top engineering school in US/WE: Software

Re: earlier comments of GMAT score vs. decision link, my GMAT scores went

Practice: 580->620->640
Actual: 640->680->720

By my last actual attempt, I was freaking out before I hit the button... I actually think I was more nervous (not sure why) than clicking the link last night.... Don't know why, but either way, good luck to everyone else. So glad we now don't have to do R2 apps....
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I'm in! although I had no internet access hence was told by a friend over the phone... kept cutting out, good times

M, 760, 26, 4 years we, engineering, international

Best of luck everyone with apps and decisions
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hbsguru
BAD DAY FOR PE POWERHOUSES AT HBS

PE FIRMS (KKR, BX, CARL) get little love @ #HBS, TPG bats 500+ and leads league by A LOT-- will there be blood?

Nohria and HRH may find out where babies come from and how bread gets buttered.

We shall see.

Any male PE guy class of '06 or older who got in, please call home, or check in here, we want to know you exist.

(well, you exist, but there are just WAY fewer of you).

I can confirm this. Everyone is kind of shocked.
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pembahopeful - how can you confirm it? I'm assuming you work at one if these firms, so just how dramatically did HBS deviate from the norm?

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Dear
Aspiria, Lost Photon, Eskimoroll, Neo, Cool Dude,
Hyejny, Andersmc, Square,Very anonymous, John Doe
& the Mr & Mrs duo of Victor & Victor!

( I hope I got all the names in here ..... If I have missed any, its only due to the sheer excitement of seeing so many of u jubiliant & happy ..... :o )

First & Foremost ..... A HUGE round of APPLAUSE to all of you to clear one of the biggest hurdle in ur academic life ......CONGRATS !!!

As u all slowly digest this milestone ...... may I request you all to please keep on giving ur valuable advices to the likes of us who are applying in R2 and would love to share the same classroom with you in fall 2011 !!!

---------------------------------------------------------------
To our dear waitlisted friends,
Mba Hopeful, HBS Alias and Rdxb,

Just hang in there buddies ..... you have put in so much of hard work already .... just be patient - I am sure you will win this war too !!!

---------------------------------------------------------------

To all my other friends who didnt make it .....

Like I had said in my previous post .... U are already rockstars in the eyes of all us wannabes who can only dream & pray of clearing the first & biggest hurdle of the essays which u so effortlessly accomplished!
Luck too plays a very big part here guys. I am sure you are meant for better things !!! Best of Luck

HAVE FUN EVERYONE ............... & yes, believe me ---- I am not a priest or a preacher by profession !!!
On the contrary, I am a hard-core career Military officer .... !!

Cheers ...... Major Sam
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BubbaWon
pembahopeful - how can you confirm it? I'm assuming you work at one if these firms, so just how dramatically did HBS deviate from the norm?

Posted from my mobile device

Let me put it this way, the megafunds have had 95-100% (some have been at 100%) acceptance for the last decade or so.
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BubbaWon
pembahopeful - how can you confirm it? I'm assuming you work at one if these firms, so just how dramatically did HBS deviate from the norm?

Let me put it this way, the megafunds have had 95-100% (some have been at 100%) acceptance for the last decade or so.

The PE numbers I am getting fr. kids at top firms are unprecedented.
Below may not be 100pct totals, but VERY reliable samples.

Blackstone – 0 of 4 to HBS

KKR – 0 of 4 to HBS [2/2 in their "Tactical Consulting" Ops group where hires are McK/BCG not IB]

Carlyle – 4 of 10 to HBS (all 4 were ex-US)

CD&R – 0 of 2 (one other "no interview" WL) to HBS

only TPG managed something like 7/10
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Sandy,
What are the chances of getting off that WL at HBS?
Am I competing against other waitlisters applicants in R2 and R3?
Still shocked by the results:(
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I am in the PE category and waitlisted - is it safe to assume that a large # of those PE candidates are also waitlisted? Just trying to adjust my outlook if the waitlist is esp PE weighted...
--------------------------------------------------------------------------------

hmmmm, just corrected CDR to show 2 dings and one WL, not totally sure about others, but I think lots of pure dings.
Happy to have others chime in.

as to what numbers "prove," blowout vs. bad luck, (someone on another thread said this might just be bad luck year] dunno, man, it proves what if flipping proves,
IF you compare KKR, Blackstone, TPG, CDR stats fr. years prior (which often approach 100 pct admit rates), well, you can characterize the change any way you want.
The issue is, are these new PE numbers a result of a 100 year "drought," as it were, or the visible hand of new Nohria PE admit policy which favors internationals, diversity, females, etc. and disfavors white bread boy PE types?

Duh, my own guess, visible hand, esp. in light of Dee email stating pretty much that, day before decisions were released.
https://hbsguru.com/blog/2010/12/13/927/
but hey, let's all learn together.

To those PE types ON the WL, one dream scenairio is that Steve Schwarzman et al. send out "I am not amused vibes," and DeeDee, always a gal with her antenna waving furiously, gets the message and does some penance via WL admits fr. PE etc.
Is this a dream, dunno?
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On the prematriculation website for all admitted students, 50 R1 admits have signed up. I would say ~80% have military, nonprofit, government, and healthcare backgrounds. Only ~2-3 each from top consultancies, banks, and PE shops. Pretty interesting mix and not at all what I would have expected.

thanks, that is strong evidence of something, or am I just a Poet and not a Quant.
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Sandy -- does this mean things will be more competitive at other schools like Sanford, Wharton, Booth, Columbia, MIT, etc, that get the PE crowd? I figure if they're not going to HBS, they're probably taking up spots at one of the other top schools. It probably makes things tougher for finance folk in general at top b-schools having to compete with the HBS dinged trickle-downers.

Well, sure, to some degree, if HBS takes X fewer high-performing PE types, some percent of X will migrate to, e.g. Wharton (altho some other percent only apply to H and S) , altho this is not a simple model. If HBS HAD taken those PE types, it would not have taken some other pretty attractive non-PE types, who would have migrated, etc. One issue, still not fully known, is does Wharton have a new model as well, given all the yammering fr. their Dean about Wharton becoming the world headquarters for Disaster Relief, etc. My guess is, HBS will start taking more females, and some more internationals, to be top 3 leaders or peers in those stats, and IB/PE will bobble back up to where it used to be. The schools were spooked by the Oct'08 Meltdown and started giving up on Finance for a while, not realizing how quickly Finance roared back. They will now come to their senses--like the basically "Buy High/Sell Low" aunties they are. And start buying High again.
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Yes, I was and I still am that guy. What's the big deal? Harvard is rich enough not to need Schwarzman and Kravis money. The PE guys don't need to attend Harvard and Stanford. In some sense, everybody's better off. No?

AHEM, they do need the money, esp. mega $M donations, and more imptly, they need those firms to hire grads. Also, those firms were a natural aristocracy of sorts for certain types of raw brain power and yes, leadership, since many top college grads get filtered into IB, and then those kids get filtered again into PE and esp. KKR, BX etc. So by shutting them out, you are losing some real future, ahem, LEADERSHIP potential, b.c. many KKR etc. type kids who have gone to HBS in past have done non-PE things of great impact, sometimes mid-career, sometimes pretty quickly after grad. And nothing wrong w. PE all by itself, altho sure, record is mixed these days, but in what field isn't it???
I got a real good idea who got dinged this year, and who got in, and count me along w. Her Majesty in saying, as SHE DID in her D-1 Day email,
"If my job were to rank order candidates from high to low in order of individual strength, whatever that might mean, different decisions might be made."--Dee Leopold (amazingly, apologizing before the fact for the 12/14 PE Massacre)
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Bain Capital had 8 associates apply to HBS first round, 4 associates apply to GSB

6 of 8 got into HBS, 2 waitlisted; at least 3 of 4 got into GSB

Pretty much all got first choice
thanks, glad to know someplace still has the old time religion. Altho my guess is, even those are close to lowest Bain Cap results, e.g. only 75pct HBS admit rate. Bain Cap model, fr. consulting to PE, and then intense work at client sites, versus more "flippy' practices of KKR, BX etc. is more up HBS alley. Two Ops guys at KKR, with similar model (hired fr. Mck and BCG) both got in as well.


--------------------------------------------------------------------------------
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The change is a little dramatic, but I have been hearing that deals are down and things have been really quiet in PE land... Is it possible that a significantly higher than normal amount of people applied to b-school this year?

pembahopeful probably knows...

hbsguru
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BubbaWon
pembahopeful - how can you confirm it? I'm assuming you work at one if these firms, so just how dramatically did HBS deviate from the norm?

Let me put it this way, the megafunds have had 95-100% (some have been at 100%) acceptance for the last decade or so.

The PE numbers I am getting fr. kids at top firms are unprecedented.
Below may not be 100pct totals, but VERY reliable samples.

Blackstone – 0 of 4 to HBS

KKR – 0 of 4 to HBS [2/2 in their "Tactical Consulting" Ops group where hires are McK/BCG not IB]

Carlyle – 4 of 10 to HBS (all 4 were ex-US)

CD&R – 0 of 2 (one other "no interview" WL) to HBS

only TPG managed something like 7/10
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Does anybody know about the deferral requirements? In particular, if granted a 1 year deferral, is it possible possible to apply to another school during the defferal year without forfeiting your spot at HBS? I was just admitted to HBS, but dinged at Stanford. I'm interested in entrepreneurship and possibly venture capital. However, I have almost no background in finance or accounting so I think Stanford would be better for me because courses aren't limited to the "case-method". Furthermore, I'm interested in staying in Silicon Valley, and I believe the GSB has a notably stronger reputation within the networks I'm interested in.

Thoughts?
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