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Expert advice for Stanford from Admissions Consultant blogs

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Expert advice for Stanford from Admissions Consultant blogs [#permalink]

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New post 28 Jun 2017, 10:47
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https://www.personalmbacoach.com/single-post/2017/06/28/Highlights-from-the-2017-AIGAC-Conference-with-Admissions-Directors

Personal MBA Coach just came back from a great week at the annual Association of International Graduate Admissions Consultants (AIGAC) conference in San Francisco, Palo Alto and Los Angeles. Thank you to Berkeley Haas, Wharton San Francisco, Stanford Graduate School of Business and UCLA Anderson for generously hosting AIGAC.

The highlight of the conference was a presentation of learnings from AIGAC's annual survey, this year examining how Millennials approach the MBA admissions process. As a member of the survey committee, I presented findings on the application process from the candidate view to admissions directions from leading MBA programs throughout the US, Europe and Canada. The survey was focused on the applicant perspective of the MBA application process including common sources of applicant information, use of consultants, tuition funding strategies and number of schools applied to.

In addition to offering a great opportunity to share the results from this eight month long effort along with fellow committee members, the AIGAC conference provided Personal MBA Coach and other AIGAC members the chance to discuss trends in MBA admissions with admissions directors. Learnings included how schools evaluate candidates and how demand from post-MBA recruiters uniquely factors into the applicant selection process. Also discussed were the latest updates in the application process, the increasing use of technology, an update on international candidates, and news on school programs and changes in curriculum and staff.

Staying on top of the latest news is my top priority in running Personal MBA Coach and I came away from this great week excited to help candidates tackle the upcoming application year and select the program and school most suited for each candidate’s specific goals. With more and more schools releasing their 2017-2018 applications (check here for the latest school specifics), this conference could not have come at a better time! Thank you AIGAC for organizing such a great conference!

Here are Personal MBA Coach’s top 5 highlights from this year’s survey and my thoughts on their implications:

1. Candidates are applying to an average of 5 schools: This point underscores the importance of widening your school list. With admissions rates at some schools in the single digits, there are many more qualified candidates than there are spaces. Candidates are clearly recognizing this as they determine the number of schools to apply to.

2. Advising candidates to: apply to a school that I did not previously consider was the most common way admissions consultants influenced an applicant’s school decision process: Be open minded as you select target schools. Schools vary considerably in terms of culture, importance of specific admissions criteria and industry expertise. Some schools might greatly discount an applicant with a low GMAT or GPA while other schools are likely to weigh the overall story higher than the numbers. Consultants consider these unique Adcom perspectives when advising candidates on where to apply and it is this thinking that led nearly 40% of respondents to consider a school they wouldn’t have otherwise.

3. 70% of applicants are getting information from other MBA students: This information is also considered the most valuable school supplied information. You must go beyond the website to truly learn about a school. While the website is still the most commonly used source of information, applicants are using many sources including blogs, on-line and off-line information sessions, third party websites and MBA fairs to get information. To truly stand out in the admissions process and select the best schools for you, it’s crucial to talk to current students and seek out many other sources of information.

4. 79% of applicants use MBA rankings: US students use US News and World Reports most often while International students refer to the Financial Times. While these rankings are very commonly used, remember they are not the be all end all and many other rankings are available. As I have advised in the past, use these rankings to get your initial list but don’t stop there. Additionally, remember to consider how these rankings vary by industry, geography and over time.

5. Reputation, ranking, culture and location are the top 4 factors in selecting a school: Culture is ranked third and tied with location, underscoring the importance both applicants and admissions directors place on fit in the application process. Take the time to get to know the programs and identify which schools are best suited for you. This will be key to your success convincing admissions directors throughout the application process and your future success on campus.

See full survey details here.

Personal MBA Coach is here to help with all aspects of the application process! If you would like individual and personal support, please find information about Personal MBA Coach’s comprehensive packages or contact me to learn how I can help! As an MIT Sloan BS graduate and Wharton MBA grad, I have been helping candidates get into the schools of their dreams with a 96% success rate for over 10 years. Email me today at: scott@personalmbacoach.com

https://www.personalmbacoach.com/single-post/2017/06/28/Highlights-from-the-2017-AIGAC-Conference-with-Admissions-Directors
Director
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Re: Expert advice for Stanford from Admissions Consultant blogs [#permalink]

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New post 31 Jul 2017, 11:20
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Here at SBC, we absolutely love hearing from former clients! Natasha Malpani, now a member of the Stanford GSB MBA Class of 2018, got in touch to share some words of wisdom with the next crop of applicants targeting the world’s top business schools.

The first year of the MBA program has been a whirlwind. I moved to a different country, changed roles, co-founded a company and met some unbelievably amazing people. But I also struggled with adjusting to being a student again, building a new home, career and circle of friends.

Looking back, I’m extremely grateful for both the opportunities and the challenges I faced. In the hopes of making the journey easier for those of you that will be enrolling in business school shortly, these are my key take-aways from the past nine months:
  • Keep an open mind: The most interesting people and opportunities are not always the most obvious or visible ones. Take the time to step away from the whirlwind of recruiting and social events, to truly reflect on what you want to get out of the many opportunities you will have. But also make the time to go to some events that you would never have otherwise chosen to. You never know which conversation will lead to you finding your next role. But even more importantly, be willing to willing to change your first impressions of people. Your peers are every bit as overwhelmed and uncertain as you at the start. Don’t be fooled by the act: no one has their shit together.
  • Learning to learn: You only get out what you put in. Being at a great school, and having access to a ridiculously great network will not help you, unless you’re willing to be confused, challenged and/or unstimulated first. Make the time to do the homework assignments and group projects well. Even if they seem meaningless or unnecessary at the time, they’re being assigned for a reason. The dots will connect over time.
  • The best things take time: The things worth learning, doing and having take time. You cannot rush the process. You will not learn to read financial statements, run a regression or make your best friend in the first week of school. Breathe and lean in to the process. It’s so easy to believe that everyone is smarter than you, is hanging out without you: that you’re the only one that’s lonely or disengaged or confused. Stay away from social media. Get away from your phone and just turn up to events. Alone. You’ll be surprised by how easy it is to connect with people. And in any case, you can’t really plan to make friends. Your community will form in the most unexpected places.
  • Don’t let your calendar control you: Pick the top three things you want to get out of the year. You’re not going to be able to build that company, switch careers, transition to a new geography, be the most popular person on campus and meet your future partner at the same time. Decide how you want to spend your time, or the decision will be made for you: and you might not like where you end up. But don’t forget to always put your mental and physical health first.
  • Entrepreneurship is a buzzword: Building a company is not sexy. Don’t get taken in by the buzz & glamorisation. The work can be overwhelming, boring and repetitive. Building a team & engaging with customers is much harder than building a product. On the other hand, if there really is a problem you want to solve, don’t let anyone tell you it can’t be done.
  • Soft skills are harder than hard skills: Developing self-awareness, building relationships and communicating clearly is a lot harder than learning basic programming or design thinking skills. Don’t underestimate the amount of hard work and pain this takes: and make the time to stretch yourself. You will never have this dedicated time and freedom to focus on personal development: or this much room to fail freely, without consequences.
  • Your community will shape you: In the end, you might end up building a $1 billion company, finding your dream job, or your future partner. And you might not. But you will be blown away by the people around you. You will discover that everyone has a story. The more you get to know the people around you, the more you see the distance they have traveled, the more in awe you will be of their courage, strength and perspective. And you will have conversations and experiences that change the way you see the world, and perhaps your self. Stay vulnerable and open. The more you express your weaknesses, the more you will connect with the people around you. Make the time to see yourself and the people around you in a new light.

Ride the wave: it’s only fun when it’s a little choppy.
Photo by Natasha Malpani

***

If you are looking for guidance on your MBA application, Stacy Blackman Consulting can help with hourly and comprehensive consulting services. Contact us to learn more. Visit the website for Stacy Blackman Reviews, and check out the company’s e-publications for more in depth school-by-school guidance.

 

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Re: Expert advice for Stanford from Admissions Consultant blogs [#permalink]

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New post 30 Nov 2017, 12:04
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The Princeton Review, known for its college rankings in dozens of categories based on how students rate their schools, is now expanding its coverage of business school programs. The company recently released its 2018 annual ranking lists of business schools.

Available on the company’s website, The Princeton Review reports the top 10 ranking schools in 18 categories of interest to students applying to on-campus MBA programs.

In addition, the company announced the result of its 3 rd annual ranking of the top 25 online MBA programs for 2018.

“We want to offer students a truly robust resource to find information about business school programs,” said Robert Franek, Editor-in-Chief, The Princeton Review. “Students who came to us for help selecting their college can now find equally comprehensive information on our website about choosing a business school program. We want students to be aware that on-campus and online MBA programs have different strengths and they can use that information to find the best business school for their interests.”

“Top business schools now offer online MBAs, and employers do see them as credible and valuable,” added Mr. Franek. “For working professionals unable to move to a ‘brick and mortar’ campus for an MBA, these schools offer an opportunity to learn from some of the world’s best business school professors and earn their degree from anywhere in the world.”

How Do On-Campus MBA Students and Online MBA Students Differ?
  • Age of student population: On-campus students are younger; the average age is 28 while the average age of online MBA students is 34.
  • Work experience: On-campus MBA students average 5 years of work experience; online MBA students average 11 years.
  • Starting salary: The average starting salary for students at top on-campus MBA programs is $115,000 vs. $107,000 for students at top online MBA programs.
On The Princeton Review website, prospective students can find detailed profiles of the business schools, which include admission, academics, financial aid, campus life and career/employment information. In addition to the profiles and the rankings, the site includes helpful business school advice articles about taking the GMAT, crafting a stellar MBA application, and finding a program best tailored to your goals.

“Our purpose is not to rank schools hierarchically or crown any school as ‘best’ overall. Our goal is to provide school profiles combined with multiple rating scores and ranking lists to help applicants choose the best business school for them,” added Franek. “Their program offerings vary considerably, and we salute and highlight those distinctions in our profiles.”
Top On-Campus MBA Programs
The Princeton Review tallied its lists based on its surveys of 23,000 students attending 267 business schools. In these categories, the following schools were ranked #1:
  • Best Career Prospects – Harvard University
  • Toughest to Get Into – Stanford University
  • Best Professors – University of Virginia
  • Best Classroom Experience – Stanford University
  • Most Competitive Students – Acton School of Business
  • Best Campus Environment – University of Virginia
  • Best Administered – Acton School of Business
  • Greatest Resources for Women – Stanford University
  • Greatest Resources for Minority Students – Howard University
  • Most Family Friendly – Brigham Young University
  • Best Green MBA – University of Vermont
In addition, this year’s survey of 23,000 students evaluated their schools to find the best MBA programs in 7 new categories for (schools below were ranked #1):
  • Best MBA for Consulting – Northwestern University
  • Best MBA for Finance – Columbia University
  • Best MBA for Human Resources – University of Florida
  • Best MBA for Management – Stanford University
  • Best MBA for Marketing – Northwestern University
  • Best MBA for Nonprofit – Columbia University
  • Best MBA for Operations – Carnegie Mellon University
Top 10 Online MBA Programs
The Princeton Review surveyed more than 4,700 online MBA students at more than 75 business schools offering online MBAs to come up with this year’s list of top online MBA programs. The Top 10 are:
  • Indiana University Bloomington
  • University of North Carolina at Chapel Hill
  • Temple University (PA)
  • University of Southern California
  • University of Florida
  • Carnegie Mellon University (PA)
  • IE University (Spain)
  • Rochester Institute of Technology (NY)
  • Arizona State University
  • Babson College (MA)
Among students surveyed at the top 25 online MBA programs:
  • 56% were receiving financial assistance from their employers to pay for their degree: they reported their companies were covering 62% of the degree cost
  • 34% reported receiving a promotion while earning their online MBA
  • $107,000 was the students’ average base salary upon graduating from the program
  • 30% was the average salary increase graduates reported they received after completing the degree

While here at SBC we don’t like to encourage clients to focus too heavily on rankings when they’re making their MBA program selections, we also know those headed for b-school really can’t help themselves. Be sure to consider multiple factors when making your final school selection.
***

If you are looking for guidance on your MBA application, Stacy Blackman Consulting can help with hourly and comprehensive consulting services. Contact us to learn more. Visit the website for Stacy Blackman Reviews, and check out the company’s e-publications for more in depth school-by-school guidance.
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Re: Expert advice for Stanford from Admissions Consultant blogs [#permalink]

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New post 30 Jan 2018, 22:30
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The Financial Times has released its 2018 global ranking of MBA programs, and the number-one spot goes to Stanford Graduate School of Business–unseating INSEAD, which had held the top position for the previous two years.

According to the FT, Stanford has headed the ranking for a second time, six years after it first topped the list, due to a noteworthy salary increase reported by Stanford GSB alumni. The FT’s ranking is based on surveys of business schools and their 2014 graduates. MBA programs are assessed by a multitude of factors, including the career progression of their alumni, the school’s idea generation, and the diversity of students and faculty.
Top Ten Global MBA Rankings for 2018
  • Stanford Graduate School of Business
  • INSEAD
  • Wharton School
  • London Business School
  • Harvard Business School
  • Chicago Booth School of Business
  • Columbia Business School
  • CEIBS
  • MIT Sloan School of Management
  • UC Berkeley Haas School of Business

Stanford Graduate School of Business and “Its alumni led the way thanks to a significant salary boost, up nearly $20,000 to $214,000. This is the highest average salary (not adjusted for inflation) since the inaugural ranking in 1999,” writes Laurent Ortsmans, who notes,  “This is up 114 per cent on their pre-MBA salaries, which was also the highest increase among ranked schools.”

The rankings have also recognized Switzerland’s IMD business bchool for international mobility, with its 99 percent international cohort; Merage School of Business at University of California at Irvine for having a majority of female faculty at 52 percent; and the Lisbon MBA for best international course experience. You can read more about this latest ranking here.
Our View on Rankings
While rankings can inform your decision of where to apply, applicants would do well to focus more on a program’s culture, size, or the strength of its alumni network. When Stacy Blackman Consulting last surveyed business school applicants to find out what matters most to today’s applicants and why, fewer than 12 percent of survey respondents considered culture a top priority, and a mere handful noted that program content was the most important factor influencing the decision to attend a particular business school.

These results are troubling, because it means people aren’t paying enough attention to the program that’s truly a good fit for them. We’re realists and know those headed for b-school really can’t help themselves, but keep in the back of your mind that placing too heavy an emphasis on rankings can actually become a distraction, so be sure to consider multiple factors when making your final school selection.
***

If you are looking for guidance on your MBA application, Stacy Blackman Consulting can help with hourly and comprehensive consulting services. Contact us to learn more. Visit the website for Stacy Blackman Reviews, and check out the company’s e-publications for more in depth school-by-school guidance.
Director
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Posts: 783
Re: Expert advice for Stanford from Admissions Consultant blogs [#permalink]

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New post 30 Jan 2018, 22:31
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The Financial Times has released its 2018 global ranking of MBA programs, and the number-one spot goes to Stanford Graduate School of Business–unseating INSEAD, which had held the top position for the previous two years.

According to the FT, Stanford has headed the ranking for a second time, six years after it first topped the list, due to a noteworthy salary increase reported by Stanford GSB alumni. The FT’s ranking is based on surveys of business schools and their 2014 graduates. MBA programs are assessed by a multitude of factors, including the career progression of their alumni, the school’s idea generation, and the diversity of students and faculty.
Top Ten Global MBA Rankings for 2018
  • Stanford Graduate School of Business
  • INSEAD
  • Wharton School
  • London Business School
  • Harvard Business School
  • Chicago Booth School of Business
  • Columbia Business School
  • CEIBS
  • MIT Sloan School of Management
  • UC Berkeley Haas School of Business

Stanford Graduate School of Business and “Its alumni led the way thanks to a significant salary boost, up nearly $20,000 to $214,000. This is the highest average salary (not adjusted for inflation) since the inaugural ranking in 1999,” writes Laurent Ortsmans, who notes,  “This is up 114 per cent on their pre-MBA salaries, which was also the highest increase among ranked schools.”

The rankings have also recognized Switzerland’s IMD business bchool for international mobility, with its 99 percent international cohort; Merage School of Business at University of California at Irvine for having a majority of female faculty at 52 percent; and the Lisbon MBA for best international course experience. You can read more about this latest ranking here.
Our View on Rankings
While rankings can inform your decision of where to apply, applicants would do well to focus more on a program’s culture, size, or the strength of its alumni network. When Stacy Blackman Consulting last surveyed business school applicants to find out what matters most to today’s applicants and why, fewer than 12 percent of survey respondents considered culture a top priority, and a mere handful noted that program content was the most important factor influencing the decision to attend a particular business school.

These results are troubling, because it means people aren’t paying enough attention to the program that’s truly a good fit for them. We’re realists and know those headed for b-school really can’t help themselves, but keep in the back of your mind that placing too heavy an emphasis on rankings can actually become a distraction, so be sure to consider multiple factors when making your final school selection.
***

If you are looking for guidance on your MBA application, Stacy Blackman Consulting can help with hourly and comprehensive consulting services. Contact us to learn more. Visit the website for Stacy Blackman Reviews, and check out the company’s e-publications for more in depth school-by-school guidance.
Director
Director
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Joined: 23 Mar 2014
Posts: 783
Re: Expert advice for Stanford from Admissions Consultant blogs [#permalink]

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New post 30 Jan 2018, 22:35
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The Financial Times has released its 2018 global ranking of MBA programs, and the number-one spot goes to Stanford Graduate School of Business–unseating INSEAD, which had held the top position for the previous two years.

According to the FT, Stanford has headed the ranking for a second time, six years after it first topped the list, due to a noteworthy salary increase reported by Stanford GSB alumni. The FT’s ranking is based on surveys of business schools and their 2014 graduates. MBA programs are assessed by a multitude of factors, including the career progression of their alumni, the school’s idea generation, and the diversity of students and faculty.
Top Ten Global MBA Rankings for 2018
  • Stanford Graduate School of Business
  • INSEAD
  • Wharton School
  • London Business School
  • Harvard Business School
  • Chicago Booth School of Business
  • Columbia Business School
  • CEIBS
  • MIT Sloan School of Management
  • UC Berkeley Haas School of Business

Stanford Graduate School of Business and “Its alumni led the way thanks to a significant salary boost, up nearly $20,000 to $214,000. This is the highest average salary (not adjusted for inflation) since the inaugural ranking in 1999,” writes Laurent Ortsmans, who notes,  “This is up 114 per cent on their pre-MBA salaries, which was also the highest increase among ranked schools.”

The rankings have also recognized Switzerland’s IMD business bchool for international mobility, with its 99 percent international cohort; Merage School of Business at University of California at Irvine for having a majority of female faculty at 52 percent; and the Lisbon MBA for best international course experience. You can read more about this latest ranking here.
Our View on Rankings
While rankings can inform your decision of where to apply, applicants would do well to focus more on a program’s culture, size, or the strength of its alumni network. When Stacy Blackman Consulting last surveyed business school applicants to find out what matters most to today’s applicants and why, fewer than 12 percent of survey respondents considered culture a top priority, and a mere handful noted that program content was the most important factor influencing the decision to attend a particular business school.

These results are troubling, because it means people aren’t paying enough attention to the program that’s truly a good fit for them. We’re realists and know those headed for b-school really can’t help themselves, but keep in the back of your mind that placing too heavy an emphasis on rankings can actually become a distraction, so be sure to consider multiple factors when making your final school selection.
***

If you are looking for guidance on your MBA application, Stacy Blackman Consulting can help with hourly and comprehensive consulting services. Contact us to learn more. Visit the website for Stacy Blackman Reviews, and check out the company’s e-publications for more in depth school-by-school guidance.
Director
Director
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Joined: 23 Mar 2014
Posts: 783
Re: Expert advice for Stanford from Admissions Consultant blogs [#permalink]

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New post 30 Jan 2018, 22:36
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The Financial Times has released its 2018 global ranking of MBA programs, and the number-one spot goes to Stanford Graduate School of Business–unseating INSEAD, which had held the top position for the previous two years.

According to the FT, Stanford has headed the ranking for a second time, six years after it first topped the list, due to a noteworthy salary increase reported by Stanford GSB alumni. The FT’s ranking is based on surveys of business schools and their 2014 graduates. MBA programs are assessed by a multitude of factors, including the career progression of their alumni, the school’s idea generation, and the diversity of students and faculty.
Top Ten Global MBA Rankings for 2018
  • Stanford Graduate School of Business
  • INSEAD
  • Wharton School
  • London Business School
  • Harvard Business School
  • Chicago Booth School of Business
  • Columbia Business School
  • CEIBS
  • MIT Sloan School of Management
  • UC Berkeley Haas School of Business

Stanford Graduate School of Business and “Its alumni led the way thanks to a significant salary boost, up nearly $20,000 to $214,000. This is the highest average salary (not adjusted for inflation) since the inaugural ranking in 1999,” writes Laurent Ortsmans, who notes,  “This is up 114 per cent on their pre-MBA salaries, which was also the highest increase among ranked schools.”

The rankings have also recognized Switzerland’s IMD business bchool for international mobility, with its 99 percent international cohort; Merage School of Business at University of California at Irvine for having a majority of female faculty at 52 percent; and the Lisbon MBA for best international course experience. You can read more about this latest ranking here.
Our View on Rankings
While rankings can inform your decision of where to apply, applicants would do well to focus more on a program’s culture, size, or the strength of its alumni network. When Stacy Blackman Consulting last surveyed business school applicants to find out what matters most to today’s applicants and why, fewer than 12 percent of survey respondents considered culture a top priority, and a mere handful noted that program content was the most important factor influencing the decision to attend a particular business school.

These results are troubling, because it means people aren’t paying enough attention to the program that’s truly a good fit for them. We’re realists and know those headed for b-school really can’t help themselves, but keep in the back of your mind that placing too heavy an emphasis on rankings can actually become a distraction, so be sure to consider multiple factors when making your final school selection.
***

If you are looking for guidance on your MBA application, Stacy Blackman Consulting can help with hourly and comprehensive consulting services. Contact us to learn more. Visit the website for Stacy Blackman Reviews, and check out the company’s e-publications for more in depth school-by-school guidance.
Director
Director
avatar
Joined: 23 Mar 2014
Posts: 783
Re: Expert advice for Stanford from Admissions Consultant blogs [#permalink]

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New post 30 Jan 2018, 22:38
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The Financial Times has released its 2018 global ranking of MBA programs, and the number-one spot goes to Stanford Graduate School of Business–unseating INSEAD, which had held the top position for the previous two years.

According to the FT, Stanford has headed the ranking for a second time, six years after it first topped the list, due to a noteworthy salary increase reported by Stanford GSB alumni. The FT’s ranking is based on surveys of business schools and their 2014 graduates. MBA programs are assessed by a multitude of factors, including the career progression of their alumni, the school’s idea generation, and the diversity of students and faculty.
Top Ten Global MBA Rankings for 2018
  • Stanford Graduate School of Business
  • INSEAD
  • Wharton School
  • London Business School
  • Harvard Business School
  • Chicago Booth School of Business
  • Columbia Business School
  • CEIBS
  • MIT Sloan School of Management
  • UC Berkeley Haas School of Business

Stanford Graduate School of Business and “Its alumni led the way thanks to a significant salary boost, up nearly $20,000 to $214,000. This is the highest average salary (not adjusted for inflation) since the inaugural ranking in 1999,” writes Laurent Ortsmans, who notes,  “This is up 114 per cent on their pre-MBA salaries, which was also the highest increase among ranked schools.”

The rankings have also recognized Switzerland’s IMD business bchool for international mobility, with its 99 percent international cohort; Merage School of Business at University of California at Irvine for having a majority of female faculty at 52 percent; and the Lisbon MBA for best international course experience. You can read more about this latest ranking here.
Our View on Rankings
While rankings can inform your decision of where to apply, applicants would do well to focus more on a program’s culture, size, or the strength of its alumni network. When Stacy Blackman Consulting last surveyed business school applicants to find out what matters most to today’s applicants and why, fewer than 12 percent of survey respondents considered culture a top priority, and a mere handful noted that program content was the most important factor influencing the decision to attend a particular business school.

These results are troubling, because it means people aren’t paying enough attention to the program that’s truly a good fit for them. We’re realists and know those headed for b-school really can’t help themselves, but keep in the back of your mind that placing too heavy an emphasis on rankings can actually become a distraction, so be sure to consider multiple factors when making your final school selection.
***

If you are looking for guidance on your MBA application, Stacy Blackman Consulting can help with hourly and comprehensive consulting services. Contact us to learn more. Visit the website for Stacy Blackman Reviews, and check out the company’s e-publications for more in depth school-by-school guidance.
Director
Director
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Joined: 23 Mar 2014
Posts: 783
Re: Expert advice for Stanford from Admissions Consultant blogs [#permalink]

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New post 12 Feb 2018, 15:16
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The Financial Times has released its 2018 global ranking of MBA programs, and the number-one spot goes to Stanford Graduate School of Business–unseating INSEAD, which had held the top position for the previous two years.

According to the FT, Stanford has headed the ranking for a second time, six years after it first topped the list, due to a noteworthy salary increase reported by Stanford GSB alumni. The FT’s ranking is based on surveys of business schools and their 2014 graduates. MBA programs are assessed by a multitude of factors, including the career progression of their alumni, the school’s idea generation, and the diversity of students and faculty.
Top Ten Global MBA Rankings for 2018
  • Stanford Graduate School of Business
  • INSEAD
  • Wharton School
  • London Business School
  • Harvard Business School
  • Chicago Booth School of Business
  • Columbia Business School
  • CEIBS
  • MIT Sloan School of Management
  • UC Berkeley Haas School of Business

Stanford Graduate School of Business and “Its alumni led the way thanks to a significant salary boost, up nearly $20,000 to $214,000. This is the highest average salary (not adjusted for inflation) since the inaugural ranking in 1999,” writes Laurent Ortsmans, who notes,  “This is up 114 per cent on their pre-MBA salaries, which was also the highest increase among ranked schools.”

The rankings have also recognized Switzerland’s IMD business bchool for international mobility, with its 99 percent international cohort; Merage School of Business at University of California at Irvine for having a majority of female faculty at 52 percent; and the Lisbon MBA for best international course experience. You can read more about this latest ranking here.
Our View on Rankings
While rankings can inform your decision of where to apply, applicants would do well to focus more on a program’s culture, size, or the strength of its alumni network. When Stacy Blackman Consulting last surveyed business school applicants to find out what matters most to today’s applicants and why, fewer than 12 percent of survey respondents considered culture a top priority, and a mere handful noted that program content was the most important factor influencing the decision to attend a particular business school.

These results are troubling, because it means people aren’t paying enough attention to the program that’s truly a good fit for them. We’re realists and know those headed for b-school really can’t help themselves, but keep in the back of your mind that placing too heavy an emphasis on rankings can actually become a distraction, so be sure to consider multiple factors when making your final school selection.
***

If you are looking for guidance on your MBA application, Stacy Blackman Consulting can help with hourly and comprehensive consulting services. Contact us to learn more. Visit the website for Stacy Blackman Reviews, and check out the company’s e-publications for more in depth school-by-school guidance.
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Re: Expert advice for Stanford from Admissions Consultant blogs [#permalink]

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New post 26 Apr 2018, 10:35
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Poonam, founder and president of myEssayReview, is publishing interviews of her most recent successful students.  This is the latest in the series. Here is a chat with Mansi, who was accepted into 5 top MBA programs –Kellogg, Wharton, INSEAD, Stanford, and Harvard. Mansi is headed to Harvard, her dream school.

Mansi’s interview is published in 4 parts wherein she shares her background, goals, reasons to pursue MBA, unwavering preference for HBS, application strategy and preparation, her success mantra, advice on video essays, and much more.

Now presenting the concluding part of the interview wherein Mansi shares her success mantra and her personal interests and  hobbies.

Poonam: What is the Mantra of your astounding success? Not many people are able to achieve what you have achieved. That is why I would like to know  about the Mantra of your phenomenal success.

Mansi: That is a tough one. I think everyone will have their own set of ways to achieve their goal. For me, number one mantra is hard work. In life, there is no short cut to success. It is the way you look at things. You have to have sleepless nights, and long days, and give enough time to achieve your goal, sacrifice other things in the life, and still maintain a balance. As you had rightly suggested- start early. The best way is to start early to give ample time to application.

The second Mantra is ‘strategy’. If I had pushed myself to apply to Harvard in Round I and had not listened to you, I am sure I could not have accomplished it. The kind of story that I had in Round I or the kind of confidence I had in my story in Round I was much less compared to what I had in Round II. Again, I came to know myself a lot more in  four five months than the two months I had before Round I deadlines. So you have to  strategize really well because your dream school deserves the best of your time, your strategy, and your hard work.  I would advise applicants to  give it enough time and thought, and strategize well.

The third Mantra is the ‘introspection’. Indian applicants have never gone through such a process; they have only prepared course material and taken exams. But B- school application is entirely a different process. It does have an exam which requires a lot of introspection, and it also has an interview process which truly focuses on your soft skills. Lastly, working on your weaknesses is also very important for which self-reflection is the key because unless you know your worth yourself, you will not know what you are weak at. Especially for the interview processes, you should be confident of handling your weaknesses and what you can do to mitigate them.

Poonam: That is right. It is a process of self-discovery, and by the time you reached Harvard Application, you had already discovered yourself.

Mansi: Absolutely.

Poonam: And I have memorized all your stories by heart.

Mansi: Yes. I know. And sometimes, I was actually amazed, when you would return my essays with comments that  this example does not fit this essay as much as the other example. You remembered all my stories which at times I had forgotten. You rightly said that this is a process of self-discovery. I also remember the 30 minute Harvard interview that happened in Mumbai; those 30 minutes felt like 3 hours, as we had a conversation which I would normally have with somebody in 3 hours. It was short, yet it covered almost every aspect of my life, professional as well as personal. If I had not known about myself that well, I could not have given that 3 hours’ worth of information in thirty minutes.

Poonam: True.  It has truly been a long and arduous journey. You must have made many personal sacrifices as well. Would you like to share those with us?

Mansi: Yes, Poonam. Very rightly said. You have to work hard towards what is really important to you. And in that particular process, you have to sacrifice other things to achieve what you really want to. As you are aware, I am married, and I had sacrificed a lot of my family time. At the same time, I am really thankful to my husband who has been immensely supportive all this while. I had to miss family time, festivals, get -togethers, and weddings. I am blessed to have a supportive family and husband. I will share this one particular incident when we were celebrating Deepawali at my in-laws place in Mumbai. I had gotten my first interview invite from Kellogg which was right after Deepawali, and  my husband prepared for all pooja and stuff while I was preparing for my interview questions. So yes, I had sacrificed a lot of different things- birthdays, family functions,  TV and movies, but I am sure that at the end of day, those are totally worth it.

Poonam: Definitely. They all must be very proud of you for this extraordinary achievement. I am proud of you.

Mansi: Thank you, Poonam. Yes, they are.

Poonam:  Let us talk about something outside of professional area. What are your hobbies, interests? What are your favorite books?

Mansi: As you know very well, I love to dance. Throughout my entire application process, I used to go for my dance class at least once a week to rejuvenate myself. I occasionally read science fiction. I am not a regular reader though.

Poonam: You are a certified Scuba diver as well.

Mansi: Yes. I am a certified scuba diver. I have dived in many countries such as Malaysia, India, Maldives, and Thailand. I can dive up to 18ft. Next month, I and my husband are going to Thailand for another diving trip after a gap of one year.

Poonam: Very good. Mansi, will you like to share anything that I have not asked?

Mansi: I have discussed almost all the aspects of application process. Again, key parts of your application process are- have a strong GMAT score, partner with a good consultant, strategize in which Round and which schools you apply to, start early, give yourself enough time for self-reflection, and definitely work hard. There is no short cut to success. Give your best. I am sure you can achieve what you want.

Poonam: Thank you for sharing your story. Your story will be inspirational for the prospective applicants.

Mansi: Thank you, Poonam. This is not only my story; this is your story as well.

Poonam: It is really nice of you to think that way.

Mansi:  This is a process you can’t do alone. This is a process where you need supportive people around you. So equal amount of thank you to you as well.

Poonam: Thank you so much. It was my privilege. I really enjoyed being part of your MBA journey. And I wish you good luck with Harvard. I hope you will have a wonderful time there. I will like to get in touch with you later.

Mansi: Definitely. I will keep you updated with my case studies at HBS.

Poonam: Wonderful. Thank you. It was a pleasure chatting with you.

Note: 

Part 1- Mansi's Background, Goals, Reasons to do MBA, and Preference for HBS

http://myessayreview.com/student-interviews/indian-engineers-journey-5-top-mba-programs-including-dream-school-harvard/

Part 2- Mansi's' Application Strategy, Planning and Preparation

http://myessayreview.com/student-interviews/indian-engineers-journey-5-top-mba-programs-including-dream-school-harvard-part-2/

Part 3- Mansis’ Most Challenging Part of the Application Process, and her advice on video essays

http://myessayreview.com/student-interviews/indian-engineers-journey-5-tops-mba-programs-including-dream-school-harvard-part-3/

This interview was first published in  myEssayReview blog.

For questions, email Poonam at poonam@myessayreview.com

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Re: Expert advice for Stanford from Admissions Consultant blogs [#permalink]

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The Financial Times has just released its 2018 ranking of the best business schools for finance, a spin-off from its Global MBA ranking that came out in January and based on the number of alumni who land positions in finance, banking, or fintech startups in the three years after graduating.

Schools in the US dominate the FT list, accounting for 27 out of the 50 ranked schools. British and Chinese schools form the next largest group with six members and both crack the top ten with one entry each.
Top Ten MBA Programs for Finance
Here are the locations and percentage of graduates going into finance from each of these elite business schools.

1. Stanford Graduate School of Business
U.S.
38%

2. The Wharton School
U.S.
34%

3. Chicago Booth School of Business
U.S.
37%

4. Harvard Business School
U.S.
28%

5. NYU Stern School of Business
U.S.
38%

6. MIT Sloan School of Management
U.S.
25%

7. INSEAD
France/Singapore
24%

8. Cambridge Judge Business School
United Kingdom
27%

9. CEIBS
China
26%

10. Columbia Business School
U.S.
35%

The percentage of MBA graduates from the Stanford Graduate School of Business who found work in finance increased to 38% in this year’s ranking data, up from 27%  just one year ago. Meanwhile, the  percentage going into entrepreneurship in the three years after graduation fell from 36% to 22%, these new FT rankings reveal.

Deborah Whitman, director of Stanford’s Center for Entrepreneurial Studies, tells FT that the revival of the US jobs market has lead to a growth in finance jobs and a decline in student startups.

“The incredibly strong jobs market is making the opportunity cost of entrepreneurship high enough that it is causing a few alumni to put their entrepreneurial dreams on hold for now,” she says.

Business schools with the greatest success in launching students’ careers in finance are those which have, as FT explains, “retained their value to the banks, venture capitalists and asset management firms by teaching skills for a changing world of disruptive business models and digital finance.”

Indeed, technology developments such as blockchain and cryptocurrencies overlap with the financial sector, and the surge in fintech startups have spurred the re-emergence of finance.

Over at NYU Stern School of Business, roughly one third of the 345 students making up the MBA Class of 2017 entered the finance sector—a proportion that has remained unchanged for years, Beth Briggs, assistant dean in NYU Stern’s careers service, tells FT.

“For us, banking is still a place where the cool kids want to go.”

 
***

If you are looking for guidance on your MBA application, Stacy Blackman Consulting can help with hourly and comprehensive consulting services. Contact us to learn more. Visit the website for Stacy Blackman Reviews, and check out the company’s e-publications for more in depth school-by-school guidance.

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Re: Expert advice for Stanford from Admissions Consultant blogs [#permalink]

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New post 18 Jun 2018, 10:00
If we were to choose an MBA essay question that we felt could be considered iconic, it would certainly be the Stanford Graduate School of Business (GSB) mainstay “What matters most to you, and why?” For at least two decades, the program has asked this question, slightly tweaking the wording and word count over time, but always maintaining its spirit. We waited to see if the school might ultimately make a change this year, but the admissions committee clearly feels it is getting exactly what it needs out of candidates’ essay responses. The GSB has likewise made no changes to its somewhat standard “Why Stanford?” prompt (or its maximum word count allowance of 1,150 for the two essays combined). Our analysis of both follows. . .

Essay A: What matters most to you, and why?

For this essay, we would like you to:
  • Do some deep self-examination, so you can genuinely illustrate who you are and how you came to be the person you are.
  • Share the insights, experiences, and lessons that shaped your perspectives, rather than focusing merely on what you’ve done or accomplished.
  • Write from the heart, and illustrate how a person, situation, or event has influenced you.
  • Focus on the “why” rather than the “what.”
When candidates ask us, “What should I write for what matters most to me?,” we offer some pretty simple guidance: start brainstorming for this essay by asking yourself that very question. What does matter most to you? This might seem like obvious advice, of course, but many applicants get flustered by the question, believing that an actual “right” answer exists that they must provide to satisfy the admissions committee. As a result, they never pause to actually consider their sincere responses, which are typically the most compelling.

We therefore encourage you to contemplate this question in depth and push yourself to explore the psychological and philosophical motivations behind your goals and achievements—behind who you are today. We cannot emphasize this enough: do not make a snap decision about the content of this essay. Once you have identified what you believe is an appropriate theme, discuss your idea(s) with those with whom you are closest and whose input you respect. Doing so can help validate deeply personal and authentic themes, leading to an essay that truly stands out.

Once you have fully examined your options and identified your main themes, do not simply provide a handful of supporting anecdotes—or worse, recycle the stories you used in a similar essay for another school. A strong essay response to this question will involve a true exploration of the themes you have chosen and reveal a thorough analysis of decisions, motives, and successes/failures, with a constant emphasis on how you conduct yourself. If you are merely telling stories and trying to tie in your preconceived conclusions, you are probably forcing a theme on your reader rather than genuinely analyzing your experiences, and any experienced admissions reader will see right through this. In short, be sure to fully consider and identify your most authentic answer(s), outline your essay accordingly, and then infuse your writing with your personality, thoughts, feelings, and experiences.

Stanford encourages you to give special attention to why the subject you have chosen to write about is the most important to you. This “why” element should be clear in your essay—it should be implied by what you are discussing and sharing. If you need to explicitly declare, “And what matters most to me is…,” your essay is not making a strong enough point on its own. A well-constructed essay that is infused with your values and motivation and that clearly conveys why you made certain decisions should effectively and implicitly reveal the “why” behind your chosen topic—and will almost always make a stronger point.

One final note is that you can write about a popular theme as long as you truly own the experience. However, the odds are very low that you could write on a theme that the Stanford GSB’s admissions committee has never read about before. You can discuss whatever you truly care about in your essay, but you absolutely must support your topic with a wealth of experience that shows how you have uniquely lived it. Therefore, for example, you cannot successfully write about “making a difference” if you have volunteered only occasionally, but if you have truly had a significant impact on someone’s life, then the topic is no longer a cliché—it is true to who you genuinely are. So, focus less on trying to choose the “right” subject for your essay and more on identifying one that is personal and authentic to you. If you write powerfully about your topic and connect it directly to your experiences and values, your essay should be a winner.

Essay B: Why Stanford?

Enlighten us on how earning your MBA at Stanford will enable you to realize your ambitions.
  • Explain your decision to pursue graduate education in management.
  • Explain the distinctive opportunities you will pursue at Stanford.

On the application essays page of the Stanford GSB website, the admissions committee states forthrightly, “Resist the urge to ‘package’ yourself into what you think Stanford wants to see” (emphasis added). What the school really wants is to understand what and/or who you want to be and what role its MBA program plays in bringing that to fruition. The admissions committee does not have a preferred job or industry in mind that it is waiting to hear you say you plan to enter—it truly wants to understand your personal vision and why you feel a Stanford MBA in particular is a necessary element to facilitate this vision. If you try to present yourself as someone or something you are not, you will ultimately undermine your candidacy. Trust the admissions committee (and us) on this one!

The “why our school?” topic is a common element of a typical personal statement, so we encourage you to download your free copy of the mbaMission Personal Statement Guide, which helps applicants write this style of essay for any school. It explains ways of approaching this subject effectively and offers several sample essays as guides. Click hereto access your complimentary copy today.

And for a thorough exploration of the Stanford GSB’s academic program, unique offerings, social life, and other key characteristics, check out the mbaMission Insider’s Guide to the Stanford Graduate School of Business, which is also available for free.

The Next Step—Mastering Your Stanford GSB Interview: Many MBA candidates find admissions interviews stressful and intimidating, but mastering this important element of the application process is definitely possible—the key is informed preparation. And, on your way to this high level of preparation, we offer our free Interview Primers to spur you along! Download your free copy of the Stanford GSB Interview Primer today.
Re: Expert advice for Stanford from Admissions Consultant blogs   [#permalink] 18 Jun 2018, 10:00
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