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mbagal1
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Calling Chicago GSB 2008 applicants 26 Dec 2007, 06:17
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Thanks for the info on the powerpoint guidelines rhyme. Now I have to redo it. :oops:
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rhyme
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Calling Chicago GSB 2008 applicants 26 Dec 2007, 07:01
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hsampath
Thanks for the info on the powerpoint guidelines rhyme. Now I have to redo it. :oops:
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Well... keep in mind that the only thing I've actually heard the adcoms tell visitors is that the best powerpoints don't repeat information already in the essays. Everything else is just my opinion from what I've seen so far and should be taken with a substantial grain of salt.
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Calling Chicago GSB 2008 applicants 26 Dec 2007, 07:28
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Yeah I know. But with the powerpoint just as with the essays, what seems a good idea when you do it the first time, seems not so great later. When I look at mine now, it just looks boring.
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Calling Chicago GSB 2008 applicants 26 Dec 2007, 08:34
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rhyme
hsampath
Thanks for the info on the powerpoint guidelines rhyme. Now I have to redo it. :oops:

Well... keep in mind that the only thing I've actually heard the adcoms tell visitors is that the best powerpoints don't repeat information already in the essays. Everything else is just my opinion from what I've seen so far and should be taken with a substantial grain of salt.
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Well, my PPT and my essay 1 had some overlapping, but on the PPT I could explore deeper what I wrote on Essay 1, and this was only on the first slide. The 2nd and 3rd slides had nothing related with other essays. And the 4th just a small piece.

I do agree that the PPT needs to bring new info, perspectives, and histories about the candidate, and as they are observing the "whole package" they for sure are searching for new things about the candidate.
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Calling Chicago GSB 2008 applicants 27 Dec 2007, 18:03
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R1 people... how much space did you spend talking explicitly about your goals? I am about finished with my Chicago application, but I just realized that my professional goals paragraph is only about 120 words. I also have a semi-professional/semi-personal goals section that is about another 100 words. Does this sound like too little?
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Calling Chicago GSB 2008 applicants Updated on: 28 Dec 2007, 06:55
Originally posted by djhouse81 on 28 Dec 2007, 06:51.
Last edited by djhouse81 on 28 Dec 2007, 06:55, edited 1 time in total.
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Austan Goolsbee, GSB Professor of Economics, is on CNBC Squawk Box right now. He says there could be a second credit crisis because of credit card debt the same way there was a crunch because of the home loans. Ahhhh business school...
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Calling Chicago GSB 2008 applicants 28 Dec 2007, 06:54
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djhouse81
Austan Goolsbee, GSB Professor of Economics, is on CNBC Squawk Box right now. He says there could be a second credit crisis because of credit card debt the same way there was a crunch because of the home loans. Intriguing.
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The roof, the roof, the roof is on fire.... we don't need the water... let it... burn... :-D
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mbagal1
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Calling Chicago GSB 2008 applicants 28 Dec 2007, 07:05
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djhouse81
Austan Goolsbee, GSB Professor of Economics, is on CNBC Squawk Box right now. He says there could be a second credit crisis because of credit card debt the same way there was a crunch because of the home loans. Ahhhh business school...
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I thought that was to be expected. Doesn't subprime lending mean leading of any form to high risk borrowers?
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Calling Chicago GSB 2008 applicants 28 Dec 2007, 07:30
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I work for a pretty big credit card issuer- and the losses are definitely creeping up. I am not sure how much of a crisis it would cause but people are definitely nervous...
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Calling Chicago GSB 2008 applicants 28 Dec 2007, 07:43
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hsampath
djhouse81
Austan Goolsbee, GSB Professor of Economics, is on CNBC Squawk Box right now. He says there could be a second credit crisis because of credit card debt the same way there was a crunch because of the home loans. Ahhhh business school...

I thought that was to be expected. Doesn't subprime lending mean leading of any form to high risk borrowers?
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Yes, that is what subprime means, but as it has been discussed recently it relates to home loans, not all subprime debt. This is the first I have heard of the subprime meltdown affecting credit card debt; I only hear about how it is affecting liquidity, spreads, earnings, and, oh yeah, job security!

Goolsbee says that subprime and prime borrowers cannot save because of their home loan debt, which creates a small margin of error in an individual's liquidity. If borrowers and lenders are irresponsible as they were with the housing market then this lack of savings could be a factor when say credit card rates reset and borrowers will not be able to pay for neither their home loans nor their credit card debt. His solution is to lower taxes for the middle class since they are the bulk of subprime and prime home loans with high debt to income ratios.
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Calling Chicago GSB 2008 applicants 28 Dec 2007, 08:48
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Heh dj you sure you wanna go to Columbia ? Join us at Chicago perhaps :) we'll book a one on one with Prof Goolsbee.

djhouse81
Austan Goolsbee, GSB Professor of Economics, is on CNBC Squawk Box right now. He says there could be a second credit crisis because of credit card debt the same way there was a crunch because of the home loans. Ahhhh business school...
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Calling Chicago GSB 2008 applicants 28 Dec 2007, 11:02
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goood.. then I will stop getting those stupid spam letters offering me credit cards...

I find credit cards to be totally useless.. I mean I se my debit card everywhere and I have converted to spending cash on everything...

I heard about the credit card debt being an issue for a while but didnt the federal government pass new regulations last year to rein in debt...wonder how all that will affect the industry.
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Calling Chicago GSB 2008 applicants 28 Dec 2007, 11:11
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djhouse81
His solution is to lower taxes for the middle class since they are the bulk of subprime and prime home loans with high debt to income ratios.
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What good is that going to do till people learn to be responsible and live within their means? It can be a short term band-aid fix at best. I think it's more important to educate people on the risks of borrowing beyond their means. Anyway I guess this discussion needs to move to another thread now.
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Calling Chicago GSB 2008 applicants 28 Dec 2007, 12:35
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you need to know how to game the credit card companies ;) you can make a lot of money if you know what you are doing :) I havent bought a flight ticket in 2 years- and this includes trips to maui and india and have not paid a single cent out of my pocket in terms of fees or interest. And oh- I am not a consultant, so dont travel for work :)

and just to let you know- you can OPT out so that you dont receive prescreened offers

aviroop
goood.. then I will stop getting those stupid spam letters offering me credit cards...

I find credit cards to be totally useless.. I mean I se my debit card everywhere and I have converted to spending cash on everything...

I heard about the credit card debt being an issue for a while but didnt the federal government pass new regulations last year to rein in debt...wonder how all that will affect the industry.
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Calling Chicago GSB 2008 applicants 28 Dec 2007, 12:37
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dosa_don
you need to know how to game the credit card companies ;) you can make a lot of money if you know what you are doing :) I havent bought a flight ticket in 2 years- and this includes trips to maui and india and have not paid a single cent out of my pocket in terms of fees or interest. And oh- I am not a consultant, so dont travel for work :)

and just to let you know- you can OPT out so that you dont receive prescreened offers

aviroop
goood.. then I will stop getting those stupid spam letters offering me credit cards...

I find credit cards to be totally useless.. I mean I se my debit card everywhere and I have converted to spending cash on everything...

I heard about the credit card debt being an issue for a while but didnt the federal government pass new regulations last year to rein in debt...wonder how all that will affect the industry.
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do tell how to work the CCs! I want to go to Hawaii in February ;)
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Calling Chicago GSB 2008 applicants 28 Dec 2007, 12:38
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I get cash from my credit cards and never pay a cent of interest.

Nervous, you are going to Chicago...come on thats gonna be great weather in February.
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Calling Chicago GSB 2008 applicants 28 Dec 2007, 12:51
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yup, I think I had a thread somewhere here...

https://www.gmatclub.com/forum/t51237

you can pretty much fund your living expenses for at least 15 months with these 0% APR and balance transfers while in B-school just with American Express. If you do multiple cards here and there, and if you can pay tuition with a credit card, you might be able to get an interest free loan for all 2 years! :)
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Calling Chicago GSB 2008 applicants 28 Dec 2007, 12:55
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Kry- thats a pretty good idea but keep in mind that if you miss a single minimum payment on ANY of your cards- your APR goes up significantly, to about 20%. With the busy schedules in b-school, you might not be able to do so... :) but yeah nice idea, something that i have been thinking about as well.
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Calling Chicago GSB 2008 applicants 28 Dec 2007, 13:00
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dosa_don
Kry- thats a pretty good idea but keep in mind that if you miss a single minimum payment on ANY of your cards- your APR goes up significantly, to about 20%. With the busy schedules in b-school, you might not be able to do so... :) but yeah nice idea, something that i have been thinking about as well.
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Couldn't you set all of the cards up on automatic payment from your checking account? That way you don't have to remember a thing...except to keep enough money in your bank!
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Calling Chicago GSB 2008 applicants 28 Dec 2007, 13:00
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I went on a free trip last yr - was awesome :)

Anyways, this is what I did:
Sign up for the Citi amex Platinum AND/OR Citi Premier Pass Elite (has a $75 annual fee but for me it is free- perks of being an employee)

The Citi amex card gives you 5 TY points for every $ spent in Grocery/gas and 3 TY everywhere else. I average about 4 TY points. So I usually end up putting everything possible on it, so get ~6-8k points a month. 15k bonus when you sign up. So over a year I racked up enough points easily. 20k TY points can be redeemed for a domestic ticket and I think 50k for a trip to Hawaii (was 40k up until a while back).

No black out dates, in fact when I visited CBS and Wharton, I bought my flight ticket through this two days before scheduled departure :)

nervousgmat
dosa_don
you need to know how to game the credit card companies ;) you can make a lot of money if you know what you are doing :) I havent bought a flight ticket in 2 years- and this includes trips to maui and india and have not paid a single cent out of my pocket in terms of fees or interest. And oh- I am not a consultant, so dont travel for work :)

and just to let you know- you can OPT out so that you dont receive prescreened offers

aviroop
goood.. then I will stop getting those stupid spam letters offering me credit cards...

I find credit cards to be totally useless.. I mean I se my debit card everywhere and I have converted to spending cash on everything...

I heard about the credit card debt being an issue for a while but didnt the federal government pass new regulations last year to rein in debt...wonder how all that will affect the industry.

do tell how to work the CCs! I want to go to Hawaii in February ;)
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