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Expert advice for Wharton from Admissions Consultant blogs

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

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New post 29 Oct 2018, 14:40
The Wharton School at the University of Pennsylvania plans to send out Round 1 interview invitations on October 30, and once again, the school is using its team-based discussion format rather than a traditional admissions interview to evaluate its candidates. Understandably, Wharton applicants get anxious about this atypical interview, because the approach creates a very different dynamic from what one usually encounters in a one-on-one meeting—and with other applicants also in the room, one cannot help but feel less in control of the content and direction of the conversation. Yet despite the uncertainty, here are a few things that interviewees can expect:

  • You will need to arrive at the interview with an idea—a response to a challenge that will be presented in your interview invitation.
  • Having the best idea is much less important than how you interact with others in the group and communicate your thoughts. So while you should prepare an idea ahead of time, that is only part of what you will be evaluated on.
  • Your peers will have prepared their ideas as well. Chances are that ideas will be raised that you know little or nothing about. Do not worry! The admissions committee members are not measuring your topical expertise. Instead, they want to see how you add to the collective output of the team.
  • After the team-based discussion, you will have a short one-on-one session with someone representing Wharton’s admissions team. More than likely, you will be asked to reflect on how the team-based discussion went for you; this will require self-awareness on your part.
To give candidates the opportunity to undergo a realistic test run before experiencing the actual event, we created our Wharton Team-Based Discussion Simulation. Via this simulation, applicants participate anonymously with three to five other MBA candidates in an online conversation, which is moderated by two of our experienced Senior Consultants familiar with Wharton’s format and approach. All participants then receive feedback on their performance, with special focus on their interpersonal skills and communication abilities. The simulation builds confidence by highlighting your role in a team, examining how you communicate your ideas to—and within—a group of (equally talented) peers, and discovering how you react when you are thrown “in the deep end” and have to swim. Our Wharton Team-Based Discussion Simulation allows you to test the experience so you are ready for the real thing!

The 2018 Wharton Team-Based Discussion Simulation Round 1 schedule is as follows:
  • Group A: Saturday, November 3 at 3:00 p.m. ET
  • Group B: Sunday, November 4 at 9:00 a.m. ET 
  • Group C: Sunday, November 4 at 12:00 p.m. ET 
  • Group D: Monday, November 5 at 9:00 p.m. ET 
  • Group E: Tuesday, November 6 at 6:00 p.m. ET 
  • Group F: Wednesday, November 7 at 6:00 p.m. ET 
  • Group G: Wednesday, November 7 at 9:00 p.m. ET 
  • Group H: Friday, November 9 at 3:00 p.m. ET 
  • Group I: Friday, November 9 at 6:00 p.m. ET 
  • Group J: Sunday, November 11 at 3:00 p.m. ET 
  • Group K: Monday, November 12 at 9:00 p.m. ET 
  • Group L: Tuesday, November 13 at 9:00 p.m. ET 
  • Group M: Wednesday, November 14 at 9:00 p.m. ET 

To learn more or sign up for a session, visit our Wharton Team-Based Discussion Simulation page.
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Re: Expert advice for Wharton from Admissions Consultant blogs  [#permalink]

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New post 11 Feb 2019, 13:40
1
The Wharton School at the University of Pennsylvania sent out Round 2 interview invitations on February 7, and once again, the school is using its team-based discussion format rather than a traditional admissions interview to evaluate its candidates. Understandably, Wharton applicants get anxious about this atypical interview, because the approach creates a very different dynamic from what one usually encounters in a one-on-one meeting—and with other applicants also in the room, one cannot help but feel less in control of the content and direction of the conversation. Yet despite the uncertainty, here are a few things that interviewees can expect:

  • You will need to arrive at the interview with an idea—a response to a challenge that will be presented in your interview invitation.
  • Having the best idea is much less important than how you interact with others in the group and communicate your thoughts. So while you should prepare an idea ahead of time, that is only part of what you will be evaluated on.
  • Your peers will have prepared their ideas as well. Chances are that ideas will be raised that you know little or nothing about. Do not worry! The admissions committee members are not measuring your topical expertise. Instead, they want to see how you add to the collective output of the team.
  • After the team-based discussion, you will have a short one-on-one session with someone representing Wharton’s admissions team. More than likely, you will be asked to reflect on how the team-based discussion went for you; this will require self-awareness on your part.
To give candidates the opportunity to undergo a realistic test run before experiencing the actual event, we created our Wharton Team-Based Discussion Simulation. Via this simulation, applicants participate anonymously with three to five other MBA candidates in an online conversation, which is moderated by two of our experienced Senior Consultants familiar with Wharton’s format and approach. All participants then receive feedback on their performance, with special focus on their interpersonal skills and communication abilities. The simulation builds confidence by highlighting your role in a team, examining how you communicate your ideas to—and within—a group of (equally talented) peers, and discovering how you react when you are thrown “in the deep end” and have to swim. Our Wharton Team-Based Discussion Simulation allows you to test the experience so you are ready for the real thing!The 2019 Wharton Team-Based Discussion Simulation Round 2 schedule is as follows:
  • Group A: Saturday, February 9 at 3:00 p.m. ET
  • Group B: Sunday,February 10 at 3:00 p.m. ET 
  • Group C: Tuesday, February 12 at 9:00 p.m. ET 
  • Group D: Wednesday, February 13 at 6:00 p.m. ET 
  • Group E: Thursday, February 14 at 6:00 p.m. ET 
  • Group F: Saturday, February 16 at 3:00 p.m. ET 
  • Group G: Sunday, February 17 at 9:00 a.m. ET 
  • Group H: Sunday, February 17 at 3:00 p.m. ET 
  • Group I: Monday, February 18 at 9:00 p.m. ET 
  • Group J: Tuesday, February 19 at 9:00 p.m. ET 
  • Group K: Wednesday, February 20 at 6:00 p.m. ET 
  • Group L: Wednesday, February 20 at 9:00 p.m. ET 
  • Group M:Thursday, February 21 at 9:00 p.m. ET 
  • Group N: Saturday, February 23 at 3:00 p.m. ET 
  • Group 0: Sunday, February 24 at 12:00 p.m. ET 

To learn more or sign up for a session, visit our Wharton Team-Based Discussion Simulation page.
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Re: Expert advice for Wharton from Admissions Consultant blogs  [#permalink]

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New post 02 Apr 2019, 10:38
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It is normal to boast about your accomplishments and your intellect in an MBA interview, and we wholeheartedly encourage that. However, a critical element of this kind of boast is how the message is conveyed to the MBA interviewer. Demonstrating understanding and simplifying complex issues yields a maximum benefit.

Admissions teams meet with people from all over the world who have been exposed to a variety of experiences in different fields and job functions. For perspective, consider that HBS’s class of 2020received about 10,000 applications from 69 countries, eleven (11)  industries and countless job functions for 930 potential seats. They interviewed about 50% more applicants than admitted. It is unreasonable to expect the admissions interviewer understands your industry and job-specific jargon or the technicalities you expose. Therefore, if your job is highly technical, go to the interview prepared to disentangle the complexity of your work. Let your de-mystified description of your achievements set you apart.  

Let Your Experiences Demonstrate Your Intelligence and Not Your Vocabulary

In your MBA interview, we recommend you choose mainstream vocabulary to paint a picture of your work, so the interviewer can understand what it is that you do. Their understanding ensures that the admissions committee can be informed about your achievements. They will have better recognition of the contributions you’ve made to the company and/or industry and have a more unobstructed view of who you are beyond what you’ve already shared in your application material.

If your work involves financial engineering for a Hedge Fund, for example, you want to make the interviewer understand the importance of that role within the structure of the company. Data is a buzzword, and, unless you work with it, the technicalities of what it means to work with data is not often understood by the mainstream. De-mystify how you use data for the interviewer.  Hedge Funds not only focus on the performance of their portfolio but also how they can increase it and provide better returns to meet financial objectives. The validity of your data and your analytic prowess in developing models for added value and meet objectives is more important to interviewers than standard deviations, mean reversions, hurdle rates and the portfolio’s R-Squared. Your role is far greater than the data you use and examine, and don’t neglect to communicate it to the admissions interviewer.

Adapt Storytelling as a Mode of Communication

Good leaders and speakers are also good storytellers. Whether the interviewer wants to hear about your past work experience or discuss a time where your contributions changed the way your company conducts business, storytelling is critical, especially if your job is technical.

Not everyone is a natural storyteller. Keep your shortcomings in mind and prepare accordingly. Put together bullet-points in advance of the interview containing cues to the mode in which you intend to share your stories. Ideally, the newly selected stories speak to the same character values addressed in your application but are different from the stories you’ve shared in your application material.

Image

Photo by Nik MacMillan on Unsplash

Relatability is Key

While you have had great experiences, if your storytelling is so complex and technical that your interviewer cannot relate, they may regard the interview as unsuccessful.

MBA programs seek leaders that can communicate with not only those people who have a similar technical knowledge but also those with different experiences and varied backgrounds. If you cannot convey what you do in a relatable way, the interviewer will view communication as a major weakness in your profile. Top programs seek leaders that can communicate, so do not underestimate the value of demonstrating your communication abilities.

A product developer who designs applications for the mortgage industry, for example, may think that it is perfectly acceptable to describe their prowess in computer programing language, and designing user experience (UX) and user interface (UI) to create a product to increase productivity within the company.  However, the interviewer may not have a tech background and understand what UX and UI mean let alone fathom the laborious hours required to ensure coding accuracy, the instrumentality of both UX and UI to the development of the product, and the other complexities in product development and deployment.  

Instead, tell a story that describes your work in relation to the company’s objective. If you are a product developer for a company that supports the mortgage industry, and the success of your application is a competitive advantage, do not feel your language is too remedial when you share a need to be both analytical and technical as well as creative to develop products. Admissions team want to know that you see yourself as a player in a cause that is larger than yourself. Your ability to design a product that identifies user errors increases loan processing accuracy and improves efficiency leads to the company’s success and ensures happy stakeholders.

Be prepared to share your story with the admissions team using language and storytelling that relates to the masses, regardless of how technical your work is.   

A quote often attributed to Albert Einstein resumes it best, “Genius is making complex ideas simple, not making simple ideas complex.” Keeping these tips in mind as you complete interview preparations should help make the process much more straightforward.

This article first appeared on Thrive Global.
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New post 25 Apr 2019, 06:58
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When considering and selecting an MBA program, having clear professional goals is vital. For those considering a career in Finance, especially Private Equity (PE) or Wealth Management, a top MBA program may help you attain a job in the highly competitive sector and enhance your professional profile.

Not all MBA programs are created equal – even among the top 20 - so pay close attention to the opportunities and exposures they provide and select a program that will best help you on your path. To help you on the selection process, we have taken a closer look at five (5) top MBA programs - Wharton, NYU, Booth, Columbia, and UCLA Anderson.  

WHARTON -FNCE MBA

Image

Image Source: Wharton

To many, especially in the industry, Finance and Wharton are synonymous. Although Wharton has diversified its student body, Finance is among the top three concentrations of the degree program. The extensive list of coursework offered in the concentration is specifically structured to expose students to a wide range of areas within finance. While they provide courses like Investment Management, Corporate Finance, Real Estate Investment, Private Equity, Fixed Income Securities, International Banking, etc., they do not allow specialization within finance as they believe students benefit most from the breadth of material the program offers.  This structure will enable students to begin a career in finance, whether that be in the financial sector or the finance department.

Wharton boasts a 98.4% placement three (3) months post-graduation. Of those, about 37% accepted offers in Financial Services with Investment Banking/Brokerage and PE/Buyout being the top sectors.  Of the students that received job offers within the United States, New York has been a primary location, and internationally (11% received offers overseas) China is the top country to employ Wharton graduates. Financial service employers that hired Wharton MBA graduates include, Bank of America, BlackRock, Capital Group, Credit Suisse, Deutsche Bank, Evercore, GI Partners, Glenmede Trust, H.I.G. Capital, etc.. The median starting salary is $130,000US.

Wharton’s cluster system allows MBA candidates exposure to a diversity of interests, including opportunities to grow their network within finance. Professional clubs include the Blockchain Club, Investment Management Club, PE and Venture Capital (VC) Club, Wharton FinTech, Wharton Impact Investing Partners, Wharton MBA Finance Club, and Wharton Restructuring and Distressed Investing Club. This community puts together conferences, including Finance Conference, Restructuring and Distressed Investing Conferences, etc. where students have an opportunity to connect with alumni and leaders within the industry.  

While the study of the finance concentration is intentionally broad, the variety of outlets allow students the focus and exposure they need to succeed in a finance-driven position, even if their diploma is less specific.

Website: Academics

Application: Apply

Financing your degree: Financial Aid

NYU- STERN SCHOOL OF MANAGEMENT MBA WITH A FINANCE SPECIALIZATION

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Image Source: NYU Stern

NYU’s two-year, general MBA offers students the opportunity to select up to three (3) specializations from the 20+ options available. For example, you can earn an MBA with a specialization in Finance to learn how financial markets function, FinTech to gain a macro-level understanding how AI and machine learning can disrupt the sector, and Strategy to move the business forward.  The plethora of specialization offerings presents the opportunity to be as creative as you foresee the future and the industry will need you to be, which is in line with NYU’s reason d’être.

In addition to the MBA with a specialization in finance, Stern also offers a dual degree, MS in Mathematics in Finance/MBA. This 72-credit dual degree consists of courses divided between Stern and NYU’s Courant Institute of Mathematical Sciences and takes 2.5 years to complete. The MS in Mathematics in Finance/MBA may be particularly appealing for those interested in quantitative risk and portfolio management, like those interested in working in Exchange Traded Funds (ETFs) or Hedge Funds, for example.

Stern’s MBA class of 2018 boasts a 95.4% student placement within three (3) months of graduation. The strength of their career services office is evidenced by the fact that 82% of offers received were school facilitated – either an offer accepted from internships sourced by Stern or on-campus interviews. About 34% of the class received offers in Financial Services, with significant focus in investment banking. Companies with a significant presence include Credit Suisse, J.P. Morgan Chase, and Citigroup.

NYU’s MBA candidates with finance specialization also have the opportunity to gain first-hand experience in portfolio management and analysis with funds like, Michael Price Student Investment Fund ($1.8M AUM),  NYU Impact Investment Fund (NIIF), and Rosenwald Global Value Fund, as well as being part of MBA Investment Impact Network & Training (MIIT).

In addition to learning first-hand how to manage funds, students have the opportunity to learn from industry veterans with the Investment Banking Immersion (IBI), which offers students insights from Citibank experts, participate in IPO pitch, case competitions, or have the opportunity to advise family offices on investing on social and environment impact causes. NYU’s MBA specialization offers students many opportunities to benefit from the school’s central financial hub and develop a profile that is in line with the student’s creative genius.  

Website: Academics

Application: Apply

Financing your degree: Financial Aid

UNIVERSITY OF CHICAGO – BOOTH SCHOOL OF BUSINESS

Image

Image Source: Chicago Booth

With 13+ concentrations, the two-year Booth MBA offers students the flexibility and opportunity to focus their area of study. Similar to Stern’s approach, students have the option to select up to three (3) concentrations and gain more in-depth knowledge in their field of interest. Finance concentrations include Accounting, Analytic Finance, Economics, Economics & Statistics, and Finance. The schools Financial Analytics concentration, for example, boasts about offering the “largest number of advanced finance classes of any business school” and students can gain practical and theoretical knowledge of financial analytics as they pertain to hedge funds, investment banking, risk management, etc. Booth offers a variety of activities exposing MBA students to the world of analytic finance, including Bank Week – where students have the opportunity to network with New York banks, attend information sessions and even sit in at trading desks, for those interested in sales and trading.  

Bank Week is organized by the Investment Banking Group – the largest student organization aiming to educate on all matters of a career in Investment Banking. The Hedge Fund Group and Investment Management Group organize speaker events with a focus on their respective concentrations. Additionally, The Financial Analytics concentration offers a one-day hands-on modeling seminar on Leveraged Buy Outs (LBO). The aim is to create an interactive model that represents three (3) constituents – seller, buyer, and lender – to gain in-depth knowledge of the modeling process. 

The business school’s Finance concentration covers both corporate finance and investments. Through an empirical lens and a culture of learning through “questioning and debate,“ students explore how “businesses raise the capital they need to start and sustain themselves, decide which projects make financial sense, and manage risks; how people invest in companies; and how financial markets work - how an economy allocates money to where it will have the most value.” The Finance concentrations share some community building and professional development initiatives, but not all. For example, in addition to the extracurricular activities available to the Financial Analytics concentration, the Finance concentration is exposed to the Corporate Finance Group, which serves students interested in finance jobs within an organization on their road to CFO. It is highly advisable to commence the program with a conviction about your area of interest within the financial sector, as it relates to the academic choices you must make early in the program.  

Booth also offers MBA labs that lead to hands-on experience. The Private Equity/Venture Capital Lab requires participants to enroll in a spring term course that is followed by an internship at a PE or VC firm. Students are expected to intern for 10-15 hours per week for at least ten (10) weeks. The Polsky Center has relationships with about 90 PE/VC firms enabling a variety of placements.

Additionally, Booth students have the opportunity to gain global experience via the school’s partnerships with various global universities in 20 countries. Students can spend anywhere from a few weeks to a full term in places like Australia, China, or Spain, learning about how business is taught and conducted there, with the aim to broaden perspectives.

About 35% of Booth’s 2018 MBA graduating class seeking employment have gone into Finance roles. The majority of the graduating class received offers in positions for investment banking, PE, and company finance. Major financial employers include J.P. Morgan, Goldman Sachs, and Morgan Stanley. 

While Booth provides students the flexibility to curate their MBA experiences, the program is focused on qualitative analysis and applies a pedagogical style that mixes theory and case studies to teach business methodologies.

Website: Academics

Application: Apply

Financing your degree: Financial Aid

COLUMBIA BUSINESS SCHOOL

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Image Source: Columbia University

With its 150 faculty and 100 adjuncts, Columbia Business Schools’ comprehensive core curriculum and its flexible electives allow MBA students to gain in-depth expertise in a particular business discipline. While concentrations are not noted in transcripts, students can opt to indicate fields of focus in their resumes, and the various divisions, programs, and centers allow them to do just that.

Columbia has four (4) divisions that can help MBA students build expertise in the Finance sphere without earning a dual degree. The divisions offer courses for career functions like corporate finance, financial consulting, PE & Emerging Markets, VC, and Value Investing through Heilbrunn Center for Graham & Dodd Investing.

Those students interested in Value Investing have an opportunity to apply for one of forty places in the Value Investing program each year. If accepted, students follow a rigorous curriculum and participate in the 5x5x5 Student portfolio, a student-run value investing fund managing real-time positions.

The PE division serves as the primary point of contact, connecting students with the PE industry. They host a variety of events that promote networking — the Deal Camp’s aim, for example, is to prepare students for job interviews in PE. The Alston & Bird Alumni Discussion Series deals with topics that range from capital raising, portfolio investing and exit.  The PE/VC Club organizes an annual PE &VC Conference that boasts an attendance of 700 guests, including senior practitioners, faculty, students, and alumni to discuss the emerging trends in the industry. The PE program also offers the opportunity for students to participate in the KKR Diversity, Inclusion, and Innovation Competition where students identify and pitch a company as a Leveraged Buyout candidate.

MBA candidates that want to pursue a career in finance have the opportunity to take part in a variety of programs. The program for Financial Studies boasts vital initiatives that include Climate Change and Finance, Financial Markets Regulation, and Future of Banking and Insurance; the Center for Excellence in Accounting and Security Analysis offers independent solutions to issues related to financial reporting and accounting policy; and, the Advanced Projects and Applied Research in Fintech focuses on impact research affecting the industry and society as a whole. The central theme for the 2017-2018 academic year was insurance and blockchain.

Of Columbia’s 2018 MBA graduates, about 27% secured positions with functions in financial services. The median base salary ranged between $125,000 and $160,000, depending on the sector of finance, excluding other guaranteed forms of compensation like sign-on bonus and non-guaranteed performance related bonus. 

Like Stern, Columbia’s central location is ideal for those interested in working in NYC, considered the global financial capital, as it provides a variety of opportunities and exposures for students to gain hand’s on experiences with local organizations. 

Website: Academics

Application: Apply

Financing your degree: Financial Aid

UNIVERSITY OF CALIFORNIA – ANDERSON

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Image source: UCLA Anderson

UCLA Anderson’s MBA program structure frontloads the core curriculum classwork allowing students to quickly take charge of their academic experience with specialization by winter of their first year. Anderson offers students the opportunity to choose up to two (2) (out of fifteen (15)) specializations or select electives from multiple specialties to build a tailored elective path. The capstone project allows students to either “research and recommends strategic solutions for some of the top companies in the world,” or, through the Applied Research Management program, launch their own venture.

In 2018, about 23% of Anderson MBA graduates were hired for finance and accounting roles. Those hires crossed a variety of industries including investment banking, investment management, corporate finance, real estate finance, VC, and commercial banking. The median salary for Anderson MBAs is $125,000, and 62% of those students landed a signing bonus averaging $39, 000. Companies that have employed Anderson MBAs include Bank of America, Barclays, Credit Suisse, Citibank, UBS, Morgan Stanley, and Pimco.

Anderson offers three (3) specializations in finance: (i) Corporate Finance, (ii) Kayne Investment Management, and (iii) Accounting. These specializations are organized by The Laurence & Lori Fink Center for Finance and Investment, where MBA students have the opportunity to partner with alumni and financial institutions to gain hands-on experience and new insights about current issues the facing financial world.

The Fink Center for Finance and Investment organizes three significant events: (i) Fink Investing Conference where investment management leaders have an opportunity to connect and educate a wide range of financial industry participants; (ii) The Fink PE Roundtable where South California’s top PE shops lead “powerful discussions illustrating the path to the future of private equity;” and (iii) Fink Credit Pitch Competition where ten (10) MBA teams from across the country “pitch their best credit investment ideas to a panel of distinguished judges.” Anderson students have the opportunity to compete against students at Columbia Business School, Johnson, LBS, MIT Sloan, Tepper, Tuck, Booth, Darden, and Yale.

UCLA Anderson also is home to the Investment Finance Association (IFA) with more than 300 current members who serve as a bridge to “strengthen educational pursuits, facilitate networking opportunities and enhance recruiting efforts among UCLA Anderson students and financial services organizations.” They mainly focus on helping those pursuing careers in investment banking, investment management, corporate finance, and PE.  Events include Investment Banking Career Night, Corporate Finance Career Night, Women in Finance Brunch, Investment Management Roundtable, PE Roundtable, Financial Modeling Excel Workshop, Valuation Modeling Workshop, and Interview Prep Workshop.

Website: Academics

Application: Apply

Financing your degree: Financial Aid

These programs all have a significant influence in the financial sector.  While each of the schools offers a great deal of opportunity to those considering a career in finance, the flavor of each program differs. Do the legwork early and select the program that best fits your goals in order to leverage your skills and enhance your career.  It will allow you to make the most out of your experience and make a profound impact post-graduation. 

This article first appeared onSia Degree Insights Blog.
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Re: Expert advice for Wharton from Admissions Consultant blogs  [#permalink]

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New post 19 Aug 2019, 13:16
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The University of
Pennsylvania's, Wharton School once again asks applicants to write two essays
for the 2019-20 application season. Last year, Wharton introduced a new
question for its second essay but has reduced its length limit by 100 words for
this cycle. The reapplicants also have to write an
additional required essay along with an optional essay.

 The admission deadlines and timeline are as under:

Application Deadlines:

Round

Application
Deadline


Interview
Invitations


Decisions

Round 1

September
17, 2019

October
29, 2019

December 18, 2019

Round 2

January
7, 2020

February
13, 2020

March 26, 2020

Round 3

April
1, 2020

April
16, 2020

May 8, 2020

For more
information about applying for the Wharton MBA, visit the Wharton admission website.

Wharton has an
innovative approach to student life. From Wharton's admission website, "Student
life is incredibly rich at Wharton. We have a renewed focus on the community,
so you build strong friendships and networks while maintaining the vast
resources of a large, world-class university in the vibrant city of
Philadelphia." You can visit the campus or their website, to learn
about the culture at Wharton. Knowing about the specific culture of Wharton
would benefit you largely in the admission process.

The Admissions
Committee wants to get to know you on both professional and personal level. We
encourage you to be introspective, candid and concise. Most importantly, be
yourself.

Here is MER’s
analysis of Wharton’s essays:


Essay 1: What do
you hope to gain professionally from the Wharton MBA? (500 words)


Although this
essay is a classic career goals essay, the expectation of the admission
committee sets it apart. You have to think of a  bigger picture, that is, and in a mere 500
words, you not only have to explain your short term and long term goals and the
broad impact you hope to have on your industry, community, or country , but
also  have to illustrate how the skill
set and experience acquired at Wharton will help you fill the gap between your
present career and your long term goals. Please note that the focus of this
essay should not be on your professional history and key accomplishments, but on
your career objectives and your ‘fit’ with the program.

Though the essay
doesn’t ask about your professional history, I suggest providing a brief
account of your key professional experiences that have kindled your ambitions
and given you the clarity regarding your goals. Explain what you hope to achieve
professionally both in the short term and then in the long term.Then
share your present mindset and explain why an MBA at this stage in your career
will bring you closer to your goals. You need to do a self-critique of your
weak points and highlight how the MBA experience can help cement them. The
thought here is to demonstrate self-awareness and resolve to look for
solutions. Try to showcase how a business school can abet you in overcoming
your weaknesses and filling gaps in your skillset.

Then explain how
an MBA from Wharton will help you fill those knowledge gapsand how the resources
and experiences at Wharton will support your goals. You can do this by
conveying to the admission committee that you understand the Wharton community
and what the school offers.Outline how you fit into the diverse Wharton
community. Be specific here and don't forget to demonstrate the fact that you
have a fair understanding of the various resources and offerings at Wharton
that align with your goals. Including specific information from your Wharton
research and linking it to your goals and values is the key here. For instance,
you could talk about how unique educational opportunities, culture, activities,
student clubs and organizations, rich and flexible curriculum and the learned
faculty at Wharton can be a pathway for your goals. The bottom line is making a
case for Wharton.

Essay 2: Describe
an impactful experience or accomplishment that is not reflected elsewhere in
your application. How will you use what you learned through that experience to
contribute to the Wharton community? (400 words)


The admission
committee is looking for candidates who can make an impact while being in
Wharton and later at work while pursuing their goals and in their respective
communities. To begin with, pick any area from your personal or professional
life, any experience where you made a significant impact on your organization
or people or community. Explain what challenges you faced and how you dealt
with those challenges and eventually succeeded in making an impact. You must share
the learnings you gleaned from the experience. As always, I suggest following
the STAR method (Situation, Task, Action, Result) to detail out your experience.

In the second part
of the essay, explain how Wharton community can benefit from your experience.
Your contribution should directly stem from the lessons you learned from that experience.
 You need to show to Ad com what you will
bring to the table as a student and as a valuable alumnus. For instance, you
overcame stress at work by learning meditation or yoga and now you could take
classes and help fellow students to overcome stress. Wharton values teamwork
and diversity and wants a student group that can support each other. So don't
forget to mention how you will also gain in this process.

How to organize this essay:

Impactful
experience or accomplishment – 100-150 words

Learning from the experience – 75-80 words

Contribution to
Wharton – 200 words

Required Re-applicant Essay / Optional First-time Applicant Essay

Explain how you
have reflected on the previous decision about your application, and discuss any
updates to your candidacy (e.g., changes in your professional life, additional
coursework, extracurricular/volunteer engagements).  First-time applicants may also use this
section to address any extenuating circumstances. (250 words)


Wharton is
inviting reapplicants to reflect on their candidacy. If you are a reapplicant,
you need to illustrate here that you have grown and evolved since the last time
you applied. Discuss your enhanced professional qualifications, improved
records, and efforts made to familiarize yourself with the culture at Wharton, or/and
any effort that you have made to strengthen your candidature. For example, if
you have improved your GMAT, have received promotions,  have gained more clarity on your goals this
time, or if you have taken new quantitative classes or certifications, share
that information in this essay. Since the word limit is 250 words, it is
advisable to give a crisp, straight jacket account of areas you have improved
upon.

First-time
applicants may also use this section to address any extenuating circumstances.
(250 words)


‘Addressing
extenuating circumstances’ means that you should address the weakness, if any,
in your application. Your response should be brief, without making any excuses.
Here you may address a weakness in your profile, such as education gap or
employment gap, lack or growth at work, or low GPA or GMAT. Your weakness may
also bring out a positive aspect of your personality. For example, if you are
discussing your employment gap, you may explain that you did something
productive during that period, such as traveling, volunteering or handling a
family medical emergency.

For more information,
please visit the Wharton MBA Admissions Blog.

For  further assistance in developing your
application essays, you may review the general Essay Tips. To meet the stringent word
limits, you need to be extremely precise in presenting your case and make every word count.

For
essay analysis  of other schools by MER, click here.

You
may also be interested in Whartonadmit Mansi’s video interview and awebinar wherein she discussed in detail about the factors that contributed
to her success at the top 5 MBA programs.

Since 2011, MER (myEssayReview)  has helped many applicants get
accepted into top 20 MBA programs including Wharton .(Poonam is  one of
the top 5 most reviewed consultants on the GMAT Club.)

This article
was first published in myEssayReview blog.


You may email Poonam at myessayreview.com">poonam@myessayreview.com with questions about
your Wharton application.

Web /BlogFree resources/LinkedIn/ Facebook/
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Re: Expert advice for Wharton from Admissions Consultant blogs  [#permalink]

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New post 09 Sep 2019, 10:04
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Photo by Sean Pollock on Unsplash

This article first appeared on Sia Admissions Blog

An MBA’s general core curriculum offers an excellent opportunity for future business leaders of virtually any sector to gain insight into the fundamentals of business. Over time, business schools have also developed strengths in specific industries, allowing for a deeper understanding of various fields. With the commercial real estate market now exceeding $16 trillion in the United States alone, the sector offers many opportunities to have a meaningful impact. It comes as no surprise, then, that candidates are interested in MBAs that provide insight, exposure, and training to prepare them for a career in the real estate sector.

If your objective is to launch or enhance a career in real estate post-MBA, you should evaluate these programs. To help with your school selection process, we have outlined five (5) top MBA programs with strong resources and ties to the industry. Backed by impressive job placement records of their respective students, earning an MBA from any of these institutions may yield a high ROI in your post-MBA career in real estate.

The Wharton School

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For candidates interested in real estate development, real estate finance and economics, urban fiscal policy, real estate law, and housing markets, Wharton offers an MBA with a focus (major) in Real Estate. Through the required courses and electives, students gain insights related to the many tangents of real estate. Furthermore, The Samuel Zell & Robert Lurie Real Estate Center offers deep international and national industry insights. Their sponsorship of research, conferences, seminars and special programs for Real Estate MBA students provide a web of knowledge and connects for students to be “in the know.” The Center also hosts annual panel discussions whose topics run the gamut from geopolitics affecting real estate and real estate technology, to real estate investment trends and capital markets. In addition to an active alumni engagement, students also gain first-hand experience and insights through annual treks. 

UNC Kenan Flagler Business School

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Of the top 20 U.S. MBA programs, University of North Carolina (UNC) Kenan Flagler tops with 11% of its 2018 graduating class accepting positions in Real Estate. Kenan-Flagler’s Leonard W. Wood Center for Real Estate Studies offers students exposure to and preparation for a successful career in the sector. Comprehensive coursework and hands-on training, conferences, treks, and certifications, are all components of the Real Estate Center’s effort to prepare future leaders for successful careers. The alumni network is also very active, serving as mentors to students and helping them develop into leaders the sector needs.  

Columbia Business School

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With its central New York location, Columbia Business School offers MBA candidates opportunities to enroll in electives that pave the path for a successful post-MBA career in Real Estate. With a spirit of entrepreneurship, students with a career-focus in Real Estate have the opportunity to gain a deeper understanding of Real Estate Finance and Investment Management. Through the Paul Milstein Center for Real Estate, Columbia’s MBA candidates gain theoretical and practical insight incorporating both national and international themes. In the classroom, students work on over 60 proprietary cases to increase critical thinking and complex problem-solving skills. The center also hosts a speaker series where industry experts – which often includes Columbia alumni – are invited to discuss the trends in the real estate market.

UCLA Anderson School of Management

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The UCLA Anderson MBA program offers students opportunities to choose a Real Estate career path through a variety of electives, applied management research project,  and other resources. MBA candidates benefit from resources sponsored by the Ziman Center for Real Estate and participate in the annual symposiums, competitions, speaker series, and conferences to hone their understanding of the sector and build essential skills for a successful career. About 4% of UCLA Anderson’s 2018 MBA graduates accepted jobs in Real Estate spanning the gamut from development, strategic planning and analysis, and diversified commercial and development companies, including REITs and private real estate regional firms. 

The University of Texas at Austin - McCombs School of Business

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The University of Texas at Austin’s McCombs School of Business offers excellent resources for students interested in careers in Real Estate. The Real Estate Center at McCombs helps MBA Real Estate concentration students prepare for careers in real estate finance, investment, and development. In this program, students have opportunities to participate in career training and development, competitions, industry conferences, etc. To gain hands-on experience, students also have the chance to manage both REITs and Private Equity funds, one of the country’s only business school to offer this privilege.
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Re: Expert advice for Wharton from Admissions Consultant blogs  [#permalink]

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New post 31 Oct 2019, 14:11
The Wharton School at the University of Pennsylvania plans to send out Round 1 interview invitations on October 29,  and once again, the school is using its team-based discussion format rather than a traditional admissions interview to evaluate its candidates. Understandably, Wharton applicants get anxious about this atypical interview, because the approach creates a very different dynamic from what one usually encounters in a one-on-one meeting—and with other applicants also in the room, one cannot help but feel less in control of the content and direction of the conversation. Yet despite the uncertainty, here are a few things that interviewees can expect:

  • You will need to arrive at the interview with an idea—a response to a challenge that will be presented in your interview invitation.
  • Having the best idea is much less important than how you interact with others in the group and communicate your thoughts. So while you should prepare an idea ahead of time, that is only part of what you will be evaluated on.
  • Your peers will have prepared their ideas as well. Chances are that ideas will be raised that you know little or nothing about. Do not worry! The admissions committee members are not measuring your topical expertise. Instead, they want to see how you add to the collective output of the team.
  • After the team-based discussion, you will have a short one-on-one session with someone representing Wharton’s admissions team. More than likely, you will be asked to reflect on how the team-based discussion went for you; this will require self-awareness on your part.

To give candidates the opportunity to undergo a realistic test run before experiencing the actual event, we created our Wharton Team-Based Discussion Simulation. Via this simulation, applicants participate anonymously with three to five other MBA candidates in an online conversation, which is moderated by two of our experienced Senior Consultants familiar with Wharton’s format and approach. All participants then receive feedback on their performance, with special focus on their interpersonal skills and communication abilities. The simulation builds confidence by highlighting your role in a team, examining how you communicate your ideas to—and within—a group of (equally talented) peers, and discovering how you react when you are thrown “in the deep end” and have to swim. Our Wharton Team-Based Discussion Simulation allows you to test the experience so you are ready for the real thing!

The 2019 Wharton Team-Based Discussion Simulation Round 1 schedule is as follows:

  • Group A: Saturday, November 2 at 12:00 p.m. ET
  • Group B: Saturday, November 2 at 3:00 p.m. ET 
  • Group C: Sunday, November 3  at 3:00 p.m. ET 
  • Group D:  Sunday, November 3  at 6:00 p.m. ET 
  • Group E: Monday, November 4 at 9:00 p.m. ET 
  • Group F: Tuesday, November 5 at 6:00 p.m. ET 
  • Group G: Wednesday, November 6 at 9:00 p.m. ET 
  • Group H: Thursday, November 7  at 6:00 p.m. ET 
  • Group I: Friday, November 8  at 3:00 p.m. ET 
  • Group J: Saturday, November 9 at 12:00 p.m. ET 
  • Group K: Saturday, November 9 at 3:00 p.m. ET 
  • Group L: Sunday, November 10  at 12:00 p.m. ET 
  • Group M:Sunday, November 10 at 3:00 p.m. ET 
  • Group N: Monday, November 11  at 9:00 a.m. ET 
  • Group 0: Monday, November 11 at 12:00 p.m. ET
  • Group P:  Monday, November 11 at 9:00 p.m. ET 

To learn more or sign up for a session, visit our Wharton Team-Based Discussion Simulation page.
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Re: Expert advice for Wharton from Admissions Consultant blogs   [#permalink] 31 Oct 2019, 14:11

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