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Stacy Blackman Consulting Blog

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Next Steps for Admitted MBA Students [#permalink]

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New post 25 Apr 2018, 07:00
FROM Stacy Blackman Consulting Blog: Next Steps for Admitted MBA Students
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Once the euphoria over your acceptance to the b-school of your dreams has subsided slightly, it’s time to refocus your energies to all of the big and little details that make up your admitted MBA student To Do List.  Here are some of the specific areas that need your immediate attention.

Give notice gracefully:  If your supervisor already knew of and supported your plans to attend business school, sharing the great news of your admission won’t be awkward at all. However, if you had to keep the news quiet so as not to jeopardize your employment, now is the time to let your employer know that you’re leaving.

You should explain your reasons, give plenty of notice, and offer to help train your replacement if applicable. Make every possible effort to leave on good terms in order to keep this part of your professional network intact.

Set up a budget: Get your finances in order, avoid credit card debt, and save, save, save as much as you can in the months before school starts. Now is the time to forgo unnecessary purchases and live slightly below your means, if possible. Remember, your projected budget should factor in expenses beyond tuition and living costs, such as travel, student clubs, and those study abroad trips that greatly enrich the b-school experience.

Make housing arrangements: This aspect varies depending on the school. For example, at Harvard Business School, 80% of MBA students live on campus, and housing in residence halls is assigned by lottery. Other schools offer limited on-campus housing and refer new students to rental houses or apartment complexes nearby.

Prospective students can visit apartments and houses throughout their new city during Welcome Weekend, and should start the process early. Schools have strict deadlines for campus housing, so make sure to find out those important dates early on if you prefer to live on campus.

Brush up on quant skills: Business schools regularly report that a fair number of soon-to-be first-year students lack some basic quantitative skills. Review the course syllabus online and purchase textbooks in advance if you can.

Many top MBA programs offer so-called math camps for accepted students during the summer as a refresher of critical concepts. If you have any weak spots in this area, sign up so that you’re ready to hit the ground running once school starts.

Consider a pre-MBA program: A growing number of admits are doing pre-MBA internships to explore a new field of interest, gain training insights, and begin networking with recruiters months before the formal recruiting process begins.

Others participate in short, company-sponsored programs, such as the J.P. Morgan MBA Early Advantage Program or Google Student Veteran Summit. Deadlines are fast approaching, so don’t delay if this option interests you.

Still other admits take advantage of pre-term, non-academic travel programs, such as Kellogg Worldwide Experiences & Service Trips (KWEST), which unite more than 80% of incoming students through social, site-seeing and community service activities.

Reach out to fellow classmates: Schools often host receptions for admits where they can mingle and network with alumni and their fellow admits. Welcome Weekend is another prime opportunity to begin the process of connecting with your future cohort, and if you’ve followed the MBA forums, and blogs of MBA applicants, then you may already have a head start on building relationships with other admits.

Find out if your program hosts a Facebook group for your class, and if not, offer to help set one up. Business schools make it easy for classmates to get to know each other pre-term, so take advantage of these social opportunities and you’ll arrive on campus feeling already at home.

Finally, enjoy some quiet time before things get crazy. Cross a few items off your bucket list, connect with family and friends you won’t see much of during the next two years, and dive into those hobbies and extracurriculars that made you a desirable, well-rounded candidate in the first place.

The months leading up to the start of business school is an exciting time, and one that flies by in a flash. Knowing what to expect and laying the foundation for a smooth transition to student life will make your first year less stressful and even more rewarding.

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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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Stacy Blackman | Stacy Blackman Consulting Inc | http://www.StacyBlackman.com | +1 323.934.3936
MBA blogger, US News and Author, The MBA Application Roadmap

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Poets & Quants Partners with Ross School for MBA Summit [#permalink]

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New post 26 Apr 2018, 13:01
FROM Stacy Blackman Consulting Blog: Poets & Quants Partners with Ross School for MBA Summit
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The business education news portal Poets & Quants is partnering with Ross School of Business at the University of Michigan for an interactive MBA panel event on May 1st that will address key questions about the MBA admissions process from prospective b-school applicants.

The live and live-streaming program, hosted by Poets & Quants founder and editor-in-chief John A. Byrne, will include admissions directors from Michigan Ross, UC Berkeley Haas School of Business, and Yale School of Management, as well as executives from top recruiters at Google, McKinsey, and Amazon. MBA program graduates will also be there to answer questions about the applicant, student and recruiting experiences.

The event, held at the University of Michigan in Ann Arbor, will feature three distinct panels that will address key questions from MBA candidates. As Ross admissions director Soojin Kwon explains in a recent update to her blog, “We will answer questions like: how we assess and weight each part of the application, and what to do if you have a less-than-stellar GPA.”

Meanwhile, Byrne calls this a unique event designed to provide a window into the whole MBA experience. “Over the course of three panels, students and alumni will get the inside scoop on finding the right MBA program, the application process, and finally what the top recruiters look for in an MBA — all streamed live to the Poets&Quants homepage and website.”

The MBA Summit invites prospective students to attend the event in person on the Ann Arbor (seating is limited), or to register to view the livestream on May 1, 2018 at 9 a.m. ET. Learn more about the MBA Summit event and register  for this great opportunity today.

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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

_________________

Interested in a free 30 minute consultation with the Stacy Blackman Team? Sign up here: http://stacyblackman.com/contact

Stacy Blackman | Stacy Blackman Consulting Inc | http://www.StacyBlackman.com | +1 323.934.3936
MBA blogger, US News and Author, The MBA Application Roadmap

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Use LinkedIn to Bolster Your MBA Profile [#permalink]

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New post 27 Apr 2018, 07:00
FROM Stacy Blackman Consulting Blog: Use LinkedIn to Bolster Your MBA Profile
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 When Kaplan polled 150 business school admissions departments last fall, more than a third said they have visited applicants’ social media profiles to learn more about them when making admissions decisions.

Among admissions officers who visit applicants’ social media footprints, half said they found something that negatively impacted an applicant’s admissions chances — more than triple the 14 percent who reported this when surveyed on the subject in 2011. Both of those percentages will surely go up.

We’ve talked about cleaning up your online presence before, and today we’re sharing a few specific tips you can use to enhance your LinkedIn profile to further support your MBA candidacy. Having a LinkedIn profile that shows your unique personality and presents your professional/life experiences  in an interesting way can help sway an on-the-fence adcomm member in your favor.

Tip 1. Use LinkedIn to differentiate yourself. Your profile should highlight your leadership, noteworthy accomplishments, as well as present a full picture of your interests, passions and career goals that complements what’s already in your application or provides even more insight to the reader. An MBA interviewer may look over your profile to get a better sense of your personality before the meeting, so this is the place to start the process of winning over your audience.

In the headline, be specific about your professional role but also think about whether you can provide a broader picture of yourself in this prime piece of real estate. For example, you may work as a staff consultant at Bain & Company or as an analyst at Goldman Sachs, but if you’ve also co-founded a non-profit organization helping girls in the Middle East obtain educational opportunities—as our client Ali had—listing that position in your headline will set you apart from the typical analyst in the applicant pool.

Tip 2. Quantify your achievements.  Admissions committees like to see results, so try to quantify results in dollar amounts or percentages whenever possible within the body of your profile just as you would in your MBA-tailored resume. It is much more powerful to write that you “created a marketing plan that resulted in a 30 percent increase in leads,” as opposed to noting that you simply “created a marketing plan.”

Managing a staff is interesting, but the fact that you managed a staff of over 30 employees and improved profitability by 25%, is something a reader can understand. By giving the reader a number, you give them the chance to see just what kind of leader you were, and will be.

Tip 3. Your LinkedIn “Interests” should match and support your candidacy. If your application touches on your keen interest in renewable energy, micro investing in India, or Silicon Valley startups, this section should show that you’re following influencers or organizations in those industries. This consistency reinforces the narrative within your application and lends credibility to your stated interests and passions.

Tip 4. Make sure career and education information is consistent with your MBA application. This sounds obvious, but our memories can get fuzzy and small discrepancies are actually pretty common. Cross-check your education, employer names, and dates to ensure all are in the proper order. Consistency between your LinkedIn profile and MBA application is key.

If the person reviewing your application spots inconsistencies compared to the data form, you’re inviting additional scrutiny and potentially raising a red flag that puts other aspects of your application under the microscope.

LinkedIn is an incredible tool for MBA applicants, and a smart way to bolster your candidacy while providing a fuller, multi-dimensional view of yourself to the admissions committee as well as future recruiters. Isn’t it time you revisited your profile to make sure it’s MBA-ready?

Whether you need to professionalize an existing profile or develop a presence on an entirely new platform, SBC can provide informed direction on which steps to take. For a b-school applicant, proper management of social media channels can also help you expand the scope of your application without infringing on limited essay word counts.

Learn more about the SBC Social Media Strategy Review, and you can set yourself up for a lifetime of online social success.

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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

_________________

Interested in a free 30 minute consultation with the Stacy Blackman Team? Sign up here: http://stacyblackman.com/contact

Stacy Blackman | Stacy Blackman Consulting Inc | http://www.StacyBlackman.com | +1 323.934.3936
MBA blogger, US News and Author, The MBA Application Roadmap

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Are You B-School Bound this Fall? Read On [#permalink]

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New post 30 Apr 2018, 10:01
FROM Stacy Blackman Consulting Blog: Are You B-School Bound this Fall? Read On
If you’ll be starting business school this fall, congratulations! It may seem like years ago that you first began work on your applications, or you might feel like the whole process flew by. Either way, you now have just a few months left before you head to campus and take your first official steps toward earning your MBA. And we guarantee that those remaining weeks will go quickly.

So what you should do between now and then?

Obviously everyone’s situation is different. Some future students choose to work up until they leave for school in an effort to save as much money as possible. Others have already given their employers notice and are off traveling the world or putting in quality time with friends and family. And still others will choose to follow the growing trend of participating in a pre-MBA internship.

You probably already know how you’re going to spend the bulk of your time before business school. But here are a few items to put on your To Do list just in case:

  • Thank your recommenders. Big time. Meaning, take them to dinner, get them a small gift, or at the very least write a heartfelt thank-you note. Don’t underestimate the role your recommenders played in helping your candidacy — their glowing praise and memorable examples of your accomplishments might have been what convinced the adcom that they just had to have you in their program.
  • Thank the rest of your support system. You likely had someone else read over your essays or spell-check your application. You probably also had some good friends who listened patiently as you stressed out about everything from the GMAT to interviews to Notification Day.Make sure you let them know you how much their support meant to you. Even better, return the favor the next time they need help with something.
  • Get your finances in order. Even if you know where the majority of the money is coming from that will fund your MBA — be it personal savings, student loans, scholarships/grants or assistance from your family — now is the time to think about a monthly budget for your months on campus. There will be no shortage of opportunities to spend money over the next two years, and you should prioritize what’s most important to you before everything and everyone starts competing for your time.Would traveling for an industry trek be more important than going on spring break with sectionmates? Would you want to hit the slopes with your program’s Ski Club or participate in an international opportunity? If you know you won’t be able to afford it all, start thinking about what you definitely don’t want to miss out on and prioritize from there. Your savings account will thank you later.
  • Make new friends, but keep the old. Start getting to know your new classmates through your program’s intranet, message boards and local meetups. It’s a great feeling to already have a few acquaintances before you even step foot on campus. But don’t forget about the co-workers, friends and family members you’ll be saying goodbye to.Yes, there are tons of ways to stay in touch with people these days so it’s not like you’re going to totally drop off the face of the earth.Except that you kinda are — at least for a little while. Business school is intense.You’ll be mentally and physically exhausted during your first year (in a good way, we promise). So get some quality time in with those you care about now and forewarn them you may be a little less communicative than usual this fall.
Most of all, enjoy this unique period in your life. One chapter is closing and another (very exciting) one is beginning. Take some time to celebrate your huge accomplishment before classes start!

Think of it this way:

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Just because you got into b-school doesn’t mean we have to say goodbye. In fact, Stacy’s has a column that focuses exclusively on what she’s learned post-MBA from growing Stacy Blackman Consulting, and we assure you it will be relevant to your future pursuits. Don’t miss The Bigger Picture — the insight in Stacy’s recent “Trust the Process” entry will be especially important to keep in mind as you start school in the fall.

Until next time,

The team at Stacy Blackman Consulting

***Do you want to stay on top of the application process with timely tips like these? Please subscribe to our weekly newsletter and you’ll receive our expert advice straight in your mailbox before it appears on the blog, plus special offers, promotions, discounts, invitations to events, and more.

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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

_________________

Interested in a free 30 minute consultation with the Stacy Blackman Team? Sign up here: http://stacyblackman.com/contact

Stacy Blackman | Stacy Blackman Consulting Inc | http://www.StacyBlackman.com | +1 323.934.3936
MBA blogger, US News and Author, The MBA Application Roadmap

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The Bigger Picture: Decide No Matter What [#permalink]

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New post 01 May 2018, 06:01
FROM Stacy Blackman Consulting Blog: The Bigger Picture: Decide No Matter What
I recently had dinner with a group who ran the New York Marathon. They were all first-timers and their experiences varied. It was fun to hear about each unique journey.

One woman told me that by mile 16 she was really struggling but when she came across her children on the side cheering her on, she felt a huge surge of energy. A good friend told me that running across the bridge was the worst part. He described the exhaustion and said that pain at some point was unavoidable. Another chimed in about how brutal it was when he went for his first run following the race. The others could not believe how quickly he was able to rebound and train again.

One thing was clear: it had been excruciating for all of them. No one escaped without physical and mental anguish. Yet they all finished, and there was absolutely no question that they would. There was no way that any of these individuals would have given up. At one point, they simply made a decision. Yes, they trained and bought the right clothes. They fueled their bodies slept well the night before. But ultimately, it was not about any of those tactics. At the end of the day, it was all in their heads: They all decided that they would finish no matter what. Stopping was not an option.

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It got me thinking about how powerful our minds are. Our brains can play tricks on us and steer us completely off course. But, our minds can also be our biggest allies, and the key to the achievement of our most ambitious goals.

I love the quiet and do my best work early in the morning, so have been trying to wake up earlier. It’s been tough. Some days I just sleep right through my alarm with no recollection at all of turning it off. And yet, when I had to rise at 3am to catch a flight, I did it, no problem. I got up on time, even though I went to bed too late. I did it because I had to, no matter what.

I am a sugar junkie and have a really hard time staying away from sweets. But when I was diagnosed with gestational diabetes during my third pregnancy and had to abstain from junk food for a full six months, I did it with ease. I had to stay away from candy for the health of my baby. I had to do it, no matter what.

Is there something you have been struggling with? Cracking open that GMAT guide? Losing ten pounds? Saving money for a big trip? Making a difficult phone call? Launching a new career initiative?

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Decide right now, that you will do it no matter what.  If you really, truly make that decision and don’t give yourself an out, I am confident that it will happen. I may not know you or your circumstances, but I know a few simple truths about life. If you decide you will, you will. No matter what.

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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

_________________

Interested in a free 30 minute consultation with the Stacy Blackman Team? Sign up here: http://stacyblackman.com/contact

Stacy Blackman | Stacy Blackman Consulting Inc | http://www.StacyBlackman.com | +1 323.934.3936
MBA blogger, US News and Author, The MBA Application Roadmap

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Tuck School Announces $250M Capital Campaign [#permalink]

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New post 02 May 2018, 07:00
FROM Stacy Blackman Consulting Blog: Tuck School Announces $250M Capital Campaign
Last week, the Tuck School of Business at Dartmouth publicly launched The Tuck Difference: The Campaign for Tomorrow’s Wise Leaders, a $250-million philanthropic endeavor that is part of Dartmouth’s $3-billion comprehensive campaign.

The Tuck Difference has already surpassed an earlier target, with key supporters pledging $132 million leading up to the announcement.

According to the statement, the top priorities of the campaign are new investments in students—increasing Tuck’s current scholarship abilities—as well as investments in support of faculty excellence, program innovation, and campus revitalization.



“The order of these priorities—people, programs, places—is important,” says Tuck Dean Matthew J. Slaughter. “Our most cherished asset is talent. The dynamism and diversity of our students and our faculty are why Tuck thrives. They are the reason increasing our ability to attract the very best students and scholar-educators to sustain a world-class learning community comes first.”

“This is an ambitious goal,” Slaughter acknowledges of the campaign, “but Tuck is an ambitious place. Our graduates are a powerful part of our success. They are today’s wise leaders forging the path for tomorrow’s.”

“Tuck’s success rests on our ability to anticipate and adapt to the changing world. This is the innovative spirt that has kept Tuck at the forefront of business education for generations. To ensure we remain there, we must secure the excellence of our MBA program and seek out innovative new opportunities for pre- and post-MBA learners,” Slaughter says.

Read more about the Campaign for Tomorrow’s Wise Leaders here.

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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

_________________

Interested in a free 30 minute consultation with the Stacy Blackman Team? Sign up here: http://stacyblackman.com/contact

Stacy Blackman | Stacy Blackman Consulting Inc | http://www.StacyBlackman.com | +1 323.934.3936
MBA blogger, US News and Author, The MBA Application Roadmap

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Kellogg to Host First-Ever Global Women’s Summit [#permalink]

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New post 03 May 2018, 07:01
FROM Stacy Blackman Consulting Blog: Kellogg to Host First-Ever Global Women’s Summit
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Women now make up more than half of the incoming classes in the top U.S. universities, but still only a small fraction of CEOs, board directors, NGO and government leaders. The Kellogg School of Management has identified three critical key decision points or “pivot points” (launch, mid-career, executive) where women face career barriers that are unique culturally and biologically.

 On Tuesday, May 8th and May 9th, Kellogg will convene its first-ever Global Women’s Summit. The Global Women’s Summit will bring together exceptional women leaders, including featured speaker Sherry Lansing, former CEO of Paramount Pictures, Dean Sally Blount and Ellen Kullman, former CEO of DuPont, to share advice, insights and counsel from women on how to navigate each of these pivot points – including topics like managing up, leading in a biased world, and making bold moves to advance your career.

The event will bring together more than 800 Kellogg women in Evanston. Kellogg will share these inspirational insights and crucial advice broadly by live-streaming fourteen of the event’s sessions.

Tuesday, May 8th
3:30 p.m. – 3:55 p.m.

Dean’s Welcome – Navigating the Key Career Pivot Points for Women

3:55 p.m. – 4:35 p.m.

Kellogg’s Investment in Women

4:35 p.m. – 5:15 p.m.

A Conversation with Hollywood Leading Lady, Sherry Lansing

Session 1: 5:30 p.m. – 6:30 p.m.

Letting Go of Perfection Positioning Yourself for a Board Seat

Wednesday, May 9th
Session 2: 8:00 a.m. – 9:00 a.m. How Bold Moves Can Make Your Career

Session 3: 9:10 a.m. – 10:10 a.m. Interacting Effectively with the Board Managing Well – Up, Down, and Across

Session 4: 10:20 a.m. – 11:20 a.m. Negotiating for Yourself on Your Way In, Up, and Out

Session 5: 12:50 p.m. – 1:50 p.m. Disrupt Yourself: Putting the Power of Disruptive Innovation to Work

Session 6: 2:00 p.m. – 3:00 p.m. Creating a Powerful Second Act Generating Capital for Female Founders and CEOs 

Closing Sessions:

3:15 p.m. – 4:30 p.m. What We Wish We Had Known: Lessons To and From Our Children

4:30 p.m. – 5:00 p.m. Dean’s Closing and Call to Action

Don’t miss this unique opportunity to stream these thoughtful conversations about the roadblocks women face on their route to the C-suite.

A Note for Female MBA Applicants
Business schools have really ramped up their efforts to recruit and groom future women leaders, so if you’re a woman planning on pursuing an MBA, make sure to take advantage of every available opportunity. During the school research phase, a great place to start is at a workshop event for women hosted by the program you’re considering.

While you’ll also want to attend general information sessions, these diversity events allow you to meet and network with other prospective students, current students, alumni, and faculty, as well as provide a chance to listen and ask questions about the specific opportunities for woman in the MBA program.

In the last five years, women’s enrollment at Forté Foundation member schools has steadily gained each year, according to a report released in December. Fall 2017 saw 17 schools that had 40% or more women enrolled (including Kellogg), up from only two schools that reached this milestone in the fall of 2013.

Despite some barriers, real or perceived, women considering business school should know the MBA degree truly is the one of the best ways to transform their career by giving them the skills and knowledge necessary to be successful.

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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

_________________

Interested in a free 30 minute consultation with the Stacy Blackman Team? Sign up here: http://stacyblackman.com/contact

Stacy Blackman | Stacy Blackman Consulting Inc | http://www.StacyBlackman.com | +1 323.934.3936
MBA blogger, US News and Author, The MBA Application Roadmap

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QS Ranks 2018’s Top EMBA Programs [#permalink]

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New post 04 May 2018, 11:00
FROM Stacy Blackman Consulting Blog: QS Ranks 2018’s Top EMBA Programs
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If you have more than ten years of work experience, extensive career advancement and managerial experience, an Executive MBA is a great choice if you’re interested in remaining with your employer and have your company’s support to pursue a graduate management degree. Students typically report exceptionally high satisfaction rates with their decision to pursue an EMBA, as it results in better salary and increased career opportunities.

QS recently released its ranking of the top Executive MBA programs for 2018, and nine of the top ten are located in the United States or the United Kingdom, with the Wharton School at the University of Pennsylvania taking the number-one spot.

QS’s Top Ten EMBA Programs
  • Wharton School
  • MIT Sloan School of Managemnt
  • London Business School
  • Kellogg School of Management
  • UC Berkeley Haas School of Business
  • University of Chicago Booth School of Business
  • Columbia Business School
  • Oxford’s Said Business School
  • UCLA Anderson School of Management
  • Cambridge Judge School of Business
“Wharton possesses the largest alumni network of any business school in the world,” QS CEO Nunzio Quacquarelli is quoted as saying in a statement, “—over 96,000 at the last count—and it’s a network that unites quantity with quality, with Wharton EMBA alumni going on to adopt executive roles at influential organizations in both the private and public sector. The Wharton EMBA remains a globally renowned indicator of alumnus quality for top employers.”

How are the rankings compiled?
  • Employer Reputation (30%): An investigation as to whether employers regard graduates from this prospective program highly.
  • Thought Leadership (25%): Whether the school has the capacity to innovate, and encourage innovation.
  • Executive Suite (15%): How experienced are the EMBA peers on the course and how much c-suite representation is in the program.
  • Career Outcomes (20%): How likely the program will support alumni careers in terms of salary increase and promotions after graduation.
  • Diversity (10%): Whether the program offers high levels of gender and international diversity.
Wharton attained perfect scores of 100 in three of five metrics QS used to rank the programs: Employer Reputation, Thought Leadership, and Career Outcomes, and was the only program to do so.

“In addition to rankings inputs this year, we also collected relevant insights from schools that are top of mind for candidates. Funding the educational experience is clearly a big consideration for today’s EMBA students, especially as tuition in parts of the world continues to increase,” says Alex Chisholm, Head of Business School Analytics at QS.

“Thankfully, many students pursuing EMBA degrees are fortunate to have financial support from their employers. Business schools reported to QS that nearly half of their students receive some level of corporate sponsorship, on average, with around 20 percent obtaining full funding. This willingness to invest in talent is a testament to the immediate and long-term value of the degree as perceived by global employers.”

SBC’s Advice for the EMBA Applicant
Starting the research for your EMBA journey is similar to the path of any full time applicant. Thinking first about your career goals and how an EMBA is going to accelerate your growth is key. Next you will want to research programs. Finally, you will want to start strategizing about your application process.

There are a few differences between the weight placed on the various factors between a full time program and an EMBA program. Your history of advancement at work and your perception as a high potential employee are far more important to your EMBA admission prospects than your GMAT score or GPA.

EMBA programs are interested in knowing who you are, and what your potential is. The admissions committee will expect maturity and introspection in a senior level candidate, and will want to understand your own personal business case. What do you see accomplishing with the EMBA degree? As you approach your essays, be as specific as possible. Your strategic thinking abilities have resulted in career success—apply those skills to explaining why an EMBA is the next step for you.

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Wharton School Fall 2019 MBA Application Deadlines [#permalink]

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New post 07 May 2018, 11:01
FROM Stacy Blackman Consulting Blog: Wharton School Fall 2019 MBA Application Deadlines
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The University of Pennsylvania’s Wharton School has announced the following full-time MBA application deadlines for the 2018-2019 admissions season.

Round 1
Application due: September 18, 2018

Decision released: December 13, 2018

Round 2
Application due: January 3, 2019

Decision released: March 21, 2019

Round 3
Application due: April 2, 2019

Decision released: May 9, 2019

To be considered for a round, candidates must submit a completed application by 5 p.m. Eastern Time (ET) on the day of the deadline. If you need to apply for a student visa to study in the United States, Wharton recommends that you apply in Round 1 or 2. For more information, please visit the Wharton School MBA admissions website.

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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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Professor Profiles: Goizueta School’s Daniel McCarthy [#permalink]

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New post 08 May 2018, 06:01
FROM Stacy Blackman Consulting Blog: Professor Profiles: Goizueta School’s Daniel McCarthy
Having the opportunity to learn from the best and brightest minds in business is one of the top motivators for many applicants considering an MBA degree at an elite business school. The professors and lecturers you’ll encounter have worked in the trenches, and bring an incredible wealth of real-world experiences into the classroom setting.

In our new limited series of professor interviews on the SBC blog, readers will get to know a bit more about these brilliant academics, what fields most excite them, the trends they foresee, what they enjoy most about teaching at their respective universities, and how it all comes together with their students.

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Today, let’s meet Daniel McCarthy, assistant professor of marketing at Emory University’s Goizueta School of Business.  McCarthy is also the co-founder and chief statistician of Zodiac, a predictive customer analytics platform.

Education: 

  • Ph.D. in Statistics, The Wharton School, University of Pennsylvania, 2017
  • B.S. Economics Summa cum laude in Statistics and Finance, The Wharton School, University of Pennsylvania, 2006
  • B.A.S. Summa cum Laude in Systems Science Engineering, University of Pennsylvania, 2006
Course(s) taught: Marketing Research

What triggered your interest in your subject matter?
Customer-based corporate valuation, my main research topic, brings together all of the disciplines that I love the most – finance, statistics and marketing. I spent 6 years working at a valuation-based hedge fund before going back for my PhD in Statistics, and in the middle of my PhD, I pivoted into quantitative marketing. It was a match made in heaven.

Any surprising or unique applications of your field of study?
While my co-author Peter Fader and I have applied my valuation methodologies to several companies, the results of the analysis that I performed on meal kit delivery company Blue Apron yielded very striking results. I performed my analysis on Blue Apron the day after they filed their IPO prospectus, back when sentiment towards the company was very positive.

My assessment was decidedly less optimistic, revolving around rapidly rising customer acquisition costs and poor customer retention. The work ended up going viral, and has been featured in popular media such as the Wall Street Journal, FT, Fortune, BusinessInsider, Barron’s, and more.

What are you most excited about that’s happening in your field?
It is exciting to see how much mindshare customer-based corporate valuation has acquired in such a short period of time. I would have never predicted one year ago that CNBC’s Jim Cramer would be discussing my research on Wayfair during his show, but here we are.

Sell-side equity research firms are writing entire research notes dissecting and discussing the concept. Every new IPO comes with requests for comment from popular media outlets. It makes me very optimistic about where will be at this time next year.

Can you speak to interesting trends in your field?
We are starting to see corporations, and not just investment funds, adopting customer-based corporate valuation into their business operations. I anticipate that this trend will continue. It only makes sense that companies manage customer value and its behavioral determinants – customer acquisition, retention, and monetization – more diligently.

Best advice for an aspiring business mogul?
A traditional product-centric mentality will not cut it anymore. To create durable value, companies need to replace this with a customer centric mentality. When companies launch new products, the question is not how much sales those new products will generate. The question should be how much those products will expand the lifetime value of the company’s current and future customers.

Of course, before you can manage your business around customer value, you need to be able to measure customer value. The measurement problem may seem daunting, but it is (1) an essential prerequisite and (2) getting easier and easier by the day.

What can you do in the classroom to best prepare students for the real world?
I prepare students for the real world in two main ways. First, I spend a lot of time making sure my course content is relevant and actionable. Second, I do my best to bring my business background into the classroom to provide students with real-world examples of the concepts I teach “in my own voice.”

Third, a large components of my students’ final grade comes from a final project in which they use the tools they learn in class to perform marketing research on a new product or service, because what better way to internalize marketing research than through experiential learning.

What do you like about the school you are teaching at?
Emory has been a wonderful home on many levels. My marketing faculty colleagues could not be supportive of me. The administrative staff has been equally supportive, always looking for exciting new opportunities for me to shine. The students are sharp, engaged and interested. And who can beat Atlanta in the winter time?

Thank you Professor McCarthy for making time to share your insights with our readers!

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FT Ranks the Best MBA Programs for Finance [#permalink]

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New post 09 May 2018, 13:00
FROM Stacy Blackman Consulting Blog: FT Ranks the Best MBA Programs for Finance
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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.”

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Personal Endorsements Boost MBA Applicants’ Chances, Cornell Researche [#permalink]

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New post 10 May 2018, 13:01
FROM Stacy Blackman Consulting Blog: Personal Endorsements Boost MBA Applicants’ Chances, Cornell Researchers Find
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As you think about every possible way to strengthen your MBA application, you might be considering asking an influential person in your life to submit a supplemental recommendation. A supplemental recommendation is typically an informal letter, email or call from a mentor of yours who is associated with your target school.

In our experience here at SBC, this strategy rarely hurts, and, according to empirical studies conducted by researchers at Cornell University, “Personal endorsements give applicants a leg up on the competition, both in getting interviewed and admitted, according to their study of applicants to a university MBA program.”

In “Best in Class: The Returns on Application Endorsements in Higher Education,” published in Administrative Science Quarterly, Ben A. Rissing, assistant professor of organizational behavior in Cornell’s ILR School, and his co-author, Emilio J. Castilla of the Massachusetts Institute of Technology, found that endorsed applicants were interviewed about 82 percent of the time, while those without endorsements scored an interview only 34 percent of the time.

Among those who interviewed, endorsed applicants received offers to join the program 64 percent of the time, while those without endorsements got offers only 52 percent of the time. “These are big differences,” Rissing said.

Endorsed applicants also tend to support the university at higher rates by taking on leadership roles as students and giving more generous monetary donations as alumni. However, colleges and companies may be missing out on valuable talent if they accept only endorsed applicants, the researchers note.

First-generation students, immigrants, and students without financial resources might not yet have contacts who are willing or able endorse them, Rissing said. “There are smart, qualified and community-minded individuals in all of these groups. Is their potential lack of awareness of these endorsement channels going to limit their opportunities?” he said. “Decision-makers must be attentive to the reality that access to these types of social connections, such as endorsements, are not ubiquitous.”

An SBC Client Case Study
Our client Jerry was applying to a highly competitive selection of schools—HBS, Wharton and Stanford. With an impressive resume and significant career progression at an energy firm, Jerry had several influential mentors. In fact, Jerry had a mentor who had attended each of his target MBA schools.

Jerry’s three mentors had the following circumstances:

1. Lisa: A Harvard MBA with ten years of post MBA experience at Jerry’s firm, Lisa was his former supervisor and knew his work extremely well. Lisa was a volunteer with her local HBS alumni group and retained some relationships at the school.

2. Seth: The SVP of Jerry’s department was a Stanford grad with sixteen years of post-MBA experience. He donated a significant amount of money to the school and his daughter was currently a freshman at the university.

3. Vipul: A graduate of the Wharton EMBA program, Vipul had gotten to know the director of admissions at Wharton fairly well, and had close ties to professors and the local alumni group.

We knew that Wharton was the most receptive to community endorsements of the three schools, and decided to ask Vipul to write a letter and submit it through those official channels. Seth’s deep connections to Stanford could be an asset to Jerry’s application, but we decided to ask him to call a former professor and talk to him about Jerry. Finally, because HBS requires three recommendations and Lisa wasn’t sure how to put in an informal endorsement, Jerry asked her to write his third HBS reference letter.

Jerry was admitted to Wharton and HBS, and though we couldn’t determine whether the supplemental recommendation made a significant difference in his application, Jerry approached the idea strategically and was ultimately successful.

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2 SBC Consultants Make P&Q’s Top Ten List [#permalink]

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New post 11 May 2018, 11:01
FROM Stacy Blackman Consulting Blog: 2 SBC Consultants Make P&Q’s Top Ten List
When you choose Stacy Blackman Consulting to guide you during your MBA application journey, you can feel confident that you’re working with the best in the admissions consulting business. But don’t just take our word for it.

The website Poets & Quants recently published a list of the Top 10 MBA Admissions Consultants, culled from its directory of nearly 500 consultants, and we’re thrilled to report that two members from the SBC team have made it onto this exclusive list.

P&Q  independently vets the consultant reviews in the directory, which it began soliciting more than two years ago. “All told, some 140 consultants have gained reviews from more than 780 clients, a rich database of customer satisfaction,” editor-in-chief John A. Byrne notes in the Top Ten article. “These days, in fact, as many as 10 reviews a day are vetted by our editorial staff.”

So, who are these stellar SBC consultants highlighted by Poets & Quants? Let’s take a closer look.

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Caryn Altman:
 A Kellogg MBA, Altman worked as an admissions officer for her alma mater where she read and evaluated written applicant essays and recommended admission to Kellogg. She also conducted numerous applicant interviews assessing candidate fit and future potential at Kellogg and beyond. Preceding her time at Kellogg, Altman was a senior marketing manager for Gatorade, leading Gatorade’s efforts to a variety of consumer targets. Concurrently, she co-led all of the Kellogg recruiting efforts for the PepsiCo Chicago office. Before earning her MBA, Caryn worked in corporate finance and public accounting with CPA certification.

Five-Star Review Excerpt: “Caryn takes her job very seriously. She treats your application as it is her own. Caryn would e-mail me daily, sometimes multiple times a day, with essay rewrites, tips, friendly hellos, etc. I should note that this is because I was very involved in the process and would constantly be e-mailing her first! I am thrilled by my results. After applying to 6 business schools, I got into three of them (one being a top 5 school where I plan to attend next year).”

Sherry Holland: A former assistant director of admissions for Duke University’s FuquaImage
School of Business, Holland has been an MBA admissions consultant with Stacy Blackman Consultng for just over ten years. She has a bachelor’s degree in industrial and labor relations from Cornell University after which she worked in human resources for I. Magnin for three years. At Fuqua, from 2001 to 2005, Holland traveled extensively throughout the U.S. and abroad to recruit, interview and evaluate applicants to Duke’s MBA program.

Five-Star Review Excerpt: “I could not recommend Sherry highly enough. She made the entire process so much more manageable. From the start Sherry was responsive, understanding, and friendly. I had an interview at Duke the next weekend, and she immediately offered to walk me through a mock interview to help me prepare, even before we did the initial call. She read all of my essays and responded promptly – even essays that were for other, non-MBA programs that I was applying to. She completely reworked my resume and made me feel like I had a handle on the process more than I ever thought I would. After being in the working world for 4 years before deciding to go back to school, Sherry was exactly what I needed to get me through. She was honest but also comforting, and I would have never gotten into the schools I did without here.”

The Value of MBA Admissions Counseling
To help explain the role we play, I draw a comparison to the business schools themselves. An important issue that should be considered when you apply to business school is the career center. The career center is a great asset for a top school and the career centers play an important role in most MBA experiences. What does a career center do? Mock interviews, interview coaching, resume review, help with career selection and target companies, assistance with company research, strategy and messaging.

The career centers help an MBA applying for a job to package him or herself. This is very similar to what we do for our clients. We do not draft essays or resumes from scratch, we do not sit in on interviews for them, we do not cross that ethical line. We act as a coach, helping our clients in the same way that college counselors, career counselors, athletic coaches, executive coaches, writing coaches and many more…do for their clients.

Our goal is not in any way to “trick” an admissions committee. The stories are all true, the numbers are legitimate. However, we do have some clients whose numbers or background may make them appear to be a “stretch” on the surface. Of course we do. If all of our clients were obvious admits, we would not be adding much value. SBC serves the schools by helping them to find the applicants that are truly a good fit for their programs.

We work with these clients, who are fantastic, interesting, hard working and ambitious people, to achieve their dreams. This may be in spite of less than perfect credentials. Nonetheless, I feel that our clients, who have earned seats at top programs, deserve these seats and are valued contributors to their respective programs.

There’s no better time to start exploring your options for getting into the b-school of your dreams. Learn more about working with SBC, and request a complimentary assessment of your MBA candidacy. We look forward to meeting you!

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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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Do This One Thing Between Now and Round 1 Deadlines [#permalink]

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New post 14 May 2018, 07:01
FROM Stacy Blackman Consulting Blog: Do This One Thing Between Now and Round 1 Deadlines
If you plan to apply to MBA programs this fall, you have about four months until the first Round 1 deadlines hit. What’s one of the most important things you can do between now and then? Get a few more leadership experiences under your belt.

At work, seek out opportunities to manage projects or teams. When you have an idea for how to improve or streamline a process in your office or for a client, take the initiative to work on it in your spare time.

If your manager is supportive of your plans to go back to school, ask what other responsibilities you could take on. Perhaps you could mentor a junior employee or head up a company-sponsored volunteer event. All of these steps will likely result in additional accomplishments you can add to your resume, write essays about, or discuss in an interview.

Four months is also more than enough time to get involved — or get more involved — in a cause that’s close to your heart. Taking an active role in a community organization or nonprofit is an excellent way to differentiate yourself from the competition. If you’ve volunteered for a certain group before, see what else you can help them with that’s more high profile, or ask if there are any open leadership roles that would be a good fit.

While there are some aspects of your candidacy that are already set in stone — where you earned your undergraduate degree, your GPA, and your career choices up until now — there are other things that can certainly be improved over the next few months.

Think of it this way:

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Until next time,

The team at Stacy Blackman Consulting

***Do you want to stay on top of the application process with timely tips like these? Please subscribe to our weekly newsletter and you’ll receive our expert advice straight in your mailbox before it appears on the blog, plus special offers, promotions, discounts, invitations to events, and more.

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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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Harvard Business School Drops Round 3 Deadline Option [#permalink]

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New post 15 May 2018, 14:01
FROM Stacy Blackman Consulting Blog: Harvard Business School Drops Round 3 Deadline Option
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Today on the Direct from the Director blog, Harvard Business School admissions director Chad Losee dropped an MBA admissions bombshell: HBS will no longer have a third round as of the 2018-19 application cycle.

Admitted round three applicants have always faced a time crunch where finishing up work and moving to a new city is concerned, and this shift down to two rounds will allow both admitted (and rejected) applicants more time to better plan their next steps.

“Given that we’ve seen more applicants in Rounds 1 and 2 and fewer in Round 3 in recent years, this change feels consistent with the choices you are making about when to apply,” Losee explains, adding that, “getting a decision earlier will give admitted students better access to on-campus housing, more cohort options for HBX CORe, and more time for visa processing.”

For applicants hoping to join the Harvard Business School Class of 2021, you’ll need to apply in either Round 1 (September 5, 2018) or Round 2 (January 4, 2019). The admissions director assures they have no preference between the two rounds.

Come spring, the admissions team will focus solely on HBS’s 2+2 program for college seniors seeking deferred admission and the April deadline remains.

In an interview with Poets & Quants, Losee noted that the move was designed to give the Class of 2021 a jump on planning ahead for the September and January deadlines.

“When we bring students to interview on campus,” Losee tells P&Q, “we plan whole day of events for them with students and faculty to get a sense for what that’s like here. That has been harder to do in round three because since students and faculty are in finals and those types of things, so they won’t have as complete of a picture of what HBS is. We get to know the applicants and we hope the applicants get to know us as well as they can so they can make an informed decision.”

Image credit: Chris Han (CC BY-NC-SA 2.0)

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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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Stacy Blackman | Stacy Blackman Consulting Inc | http://www.StacyBlackman.com | +1 323.934.3936
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B-School Research Advice for International MBA Applicants [#permalink]

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New post 16 May 2018, 13:01
FROM Stacy Blackman Consulting Blog: B-School Research Advice for International MBA Applicants
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 For many MBA hopefuls, particularly those targeting multiple programs and coming from abroad, a campus visit can be a real challenge during the application phase. Whether the problem is the prohibitive expense of air travel and lodging or the time off from work required, these candidates must turn to other sources to fill in the blanks as they decide on which programs to target.

A great starting point for any applicant is connecting with students and alumni at the schools you are considering. Top MBA programs host numerous events around the world each year, so plan on attending the event nearest you in order to meet admissions officers, alumni and current students, and to gain valuable application advice.

These individuals can offer the inside scoop on student life and what makes their school unique. Participating in online information sessions and virtual webinars is another valuable way for candidates to get a better sense of the school’s culture.

For instance, on Wednesday, June 6th, the HBS admissions team will hold a webinar walking through each element of the application, which goes live in early June.

Business schools often have programs that connect applicants via email or Skype with current and former students of similar backgrounds and profiles, and this is a great introduction to the program that can help you narrow down which schools to focus on for your MBA. Even if there’s no such formal program in place, most admissions officers will happily put candidates in touch with an alum or current student if asked.

Positive engagement with the admissions committee via social media is another excellent strategy and could help you stand out in a competitive applicant pool. Schools that actively monitor their social media sites can often answer an applicant’s questions in mere hours, whereas an emailed query could take days to receive a reply. Prospective students should also subscribe to the feeds of student and admissions blogs to find out immediately about any news that could influence their interest in the program.

Online research can’t replace the value of the in-person experience, but candidates who simply cannot visit their selected schools before applying should take comfort in knowing that there are many ways to thoroughly get to know a program without a campus visit to guide them. Diligence and motivation are all you really need.

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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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Stacy Blackman | Stacy Blackman Consulting Inc | http://www.StacyBlackman.com | +1 323.934.3936
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Complementary Skills are Key to Team Success for MBA Students, Grads [#permalink]

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New post 17 May 2018, 13:01
FROM Stacy Blackman Consulting Blog: Complementary Skills are Key to Team Success for MBA Students, Grads
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More than a fifth of MBAs feel that half of the teams in which they’ve worked have not succeeded due to a lack of complementary skills, ground-breaking research from the Association of MBAs (AMBA) and The GC Index® has found.

The first global study of its kind, surveying 865 MBA students and graduates, found that MBAs are diverse when it comes to the contribution they make to team dynamics, despite gaining the same business qualification. The study looked at the ideas of influence within collaborative teams as well as leadership, conflict and defining the individual strengths that lead to shared success.

The GC Index doesn’t measure personality type or leadership qualities; instead, it focuses on an individual‘s preferred contribution style to a role or a company. The GC Index has identified five roles that contribute to team success:

  • The implementers
  • The game changers
  • The strategists
  • The polishers
  • The play makers
In terms of self-identification:
  • 27% of MBAs believe themselves to be ‘implementers’ (moving into action to get things done)
  • 22% of MBAs perceive themselves to be ‘game changers’ (bringing original ideas to people)
  • 21% of MBAs say they are ‘strategists’ (setting a direction for others to follow)
  • 18% of MBAs identify as ‘polishers’ (improving other people’s ideas and raising quality standards)
  • 12% of MBAs say they are ‘play makers’ (getting everyone to work together)

The study shines a light on key issues affecting team performance in the workplace, namely having a combination of skills and clarity around how these skills complement each other.

Participants were asked to state how often they felt their teams had the right make-up for success. Just three in 10 believed that their teams had the right make-up for success more than three-quarters of the time.

Almost half of the participants said their teams had the skills and individuals to succeed between 50% and 75% of the time. Meanwhile, 22% of respondents said that less than half of the teams in which they’d been a part of had the right personality and skills dynamics to succeed.

‘This research shows that student and graduate MBAs see themselves as having different styles of leadership,” said Will Dawes, Research and Insight Manager at AMBA. “This indicates that Business Schools enroll future leaders onto MBAs who may have varying approaches as leaders, or that MBA programmes influence students to think about themselves in different ways.”

Dr John Mervyn-Smith, Chief Psychologist at The GC Index, explained it this way: “The key to achieving long-term success is to transform individual action into collective power. In order to do this effectively, you need to not only understand how you can best contribute and make an impact but also how other team members make their impact – only then will you be able to place them in the right roles and right environments.”

“The GC Index shows we all have a role to play at some point in successful teams, whether we are an Implementer, Strategist, Play Maker, Game Changer or Polisher. We just need to know when and how to make a contribution.”

Photo Credit: Solent Creatives (CC BY 2.0)

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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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Interested in a free 30 minute consultation with the Stacy Blackman Team? Sign up here: http://stacyblackman.com/contact

Stacy Blackman | Stacy Blackman Consulting Inc | http://www.StacyBlackman.com | +1 323.934.3936
MBA blogger, US News and Author, The MBA Application Roadmap

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Procrastination: the Enemy of a Great MBA Application [#permalink]

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New post 21 May 2018, 09:01
FROM Stacy Blackman Consulting Blog: Procrastination: the Enemy of a Great MBA Application
In high school or college — or maybe even recently on an important project at work — you might have been able to wait until the last minute to do something and still come out looking like a champ. But we can assure you that won’t be the case for anything having to do with your MBA application efforts. Procrastinating is a sure-fire way to weaken your materials.

Early in any candidate’s MBA journey comes preparation for the GMAT or GRE. If you believe you can wing this critical piece of the process, think again. Studying for these tests usually requires months of effort — as well as leaving enough time for a “do-over” if your first attempt doesn’t go so well.

Same thing applies for your resume, essays and data forms. You can’t just throw these things together as the clock ticks down. They require a lot of upfront thought and several rounds of edits in order to ensure your unique voice is coming through.

While this comes much later in the process, preparing for an interview is similar: if you don’t practice at all until the night before, you’re bound to realize you aren’t quite as smooth as you hoped you’d be.

Then you’re either going to stay up late to work on your responses or not be able to sleep because you’ll be so worried about your upcoming performance. Neither helps put you in the best frame of mind when it’s “go time.”

And if you don’t do thorough research on two or more programs you’ve been accepted to and make your final decision on a whim or gut feeling . . . well, that could be a multi-thousand-dollar mistake. Enough said!

So if you are going to apply to business school this application year, do yourself a favor and ensure you have ample time to complete each part of the process. Start clearing your schedule over the coming months to ensure you’ll have enough time to pull together quality materials.

Daily progress — no matter how minimal — is much better than attempting to do everything right before the deadlines hit.

Think of it this way:

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Until next time,

The team at Stacy Blackman Consulting

***Do you want to stay on top of the application process with timely tips like these? Please subscribe to our weekly newsletter and you’ll receive our expert advice straight in your mailbox before it appears on the blog, plus special offers, promotions, discounts, invitations to events, and more.

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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

_________________

Interested in a free 30 minute consultation with the Stacy Blackman Team? Sign up here: http://stacyblackman.com/contact

Stacy Blackman | Stacy Blackman Consulting Inc | http://www.StacyBlackman.com | +1 323.934.3936
MBA blogger, US News and Author, The MBA Application Roadmap

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Columbia Business School Fall 2019 MBA Essay Questions [#permalink]

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New post 21 May 2018, 10:00
FROM Stacy Blackman Consulting Blog: Columbia Business School Fall 2019 MBA Essay Questions
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Columbia Business School has released its MBA application today for the 2018-2019 admissions cycle. Here are the revised essay prompts you’ll see this season.

ESSAYS
Goal: What is your immediate post-MBA professional goal? (50 characters)

Essay #1: Through your resume and recommendations, we have a clear sense of your professional path to date. What are your career goals over the next 3-5 years and what, in your imagination, would be your long term dream job? (500 words)

Essay #2: How will you take advantage of being “at the very center of business”? Please watch this short video featuring Dean Glenn Hubbard (250 Words)

Essay #3: Please provide an example of a team failure of which you have been a part.  If given a second chance, what would you do differently? (250 Words)

Optional Essay: Is there any further information that you wish to provide the Admissions Committee?  If so, use this space to provide an explanation of any areas of concern in your academic record or your personal history.  This does not need to be a formal  essay.  You may submit bullet points. (Maximum 500 Words)

The MBA application to Columbia Business School is now live. Please visit the CBS admissions website for more information.

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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

_________________

Interested in a free 30 minute consultation with the Stacy Blackman Team? Sign up here: http://stacyblackman.com/contact

Stacy Blackman | Stacy Blackman Consulting Inc | http://www.StacyBlackman.com | +1 323.934.3936
MBA blogger, US News and Author, The MBA Application Roadmap

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Professor Profiles: UT McCombs’s Meeta Kothare [#permalink]

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New post 22 May 2018, 06:00
FROM Stacy Blackman Consulting Blog: Professor Profiles: UT McCombs’s Meeta Kothare
Having the opportunity to learn from the best and brightest minds in business is one of the top motivators for many applicants considering an MBA degree at an elite business school. The professors and lecturers you’ll encounter have worked in the trenches, and bring an incredible wealth of real-world experiences into the classroom setting.

In our new limited series of professor interviews on the SBC blog, readers will get to know a bit more about these brilliant academics, what fields most excite them, the trends they foresee, what they enjoy most about teaching at their respective universities, and how it all comes together with their students.

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Today, let’s get to know Professor Meeta Kothare, who teaches Financial Innovation for Social Impact and Impact Investing at the University of Texas Lyndon B Johnson School of Public Policy.

Kothare is also leading the new Social Innovation Initiative at UT McCombs School of Business.

She is the founder and president of Neeva Solutions, a management consulting firm assisting organizations dedicated to social impact.

What triggered your interest in your subject matter?
After teaching corporate finance and investment banking classes for several years, I switched gears and worked in the social sector for a decade, first with a philanthropic organization and then as a consultant to nonprofits and social entrepreneurs.

My passion for social impact combined with my love of finance drove my attention to the nascent field of impact investing. I started teaching again, but this time it was impact investing and social entrepreneurship instead of traditional finance.

What’s changed since you entered the field?
Discussions of the role of business in society have changed considerably since I first started in finance. Sustainable and impact investing are making their way into the mainstream. Scholars and practitioners have begun to question whether the brand of capitalism that was practiced in the past fifty years is sufficient to deal with 21st century challenges such as extreme social inequity and climate change.

Companies are paying greater attention to the effects of social and environmental issues on their profitability. On the demand side, younger generations of investors are more engaged in these issues and consequently, asset managers are increasingly investing according to ESG (environmental, social, and governance) principles.

Any surprising or unique applications of your field of study?
Because so much of social innovation, whether it is impact investing or social entrepreneurship or corporate sustainability, requires collaboration among private, public, and nonprofit sectors, studying these areas is giving our students a range of skills and the ability to think about a problem from different perspectives outside the silo of business education.

I’ve had students tell me that even when they’ve interviewed for conventional corporate or consulting jobs, they’ve found themselves depending on the reasoning they’ve developed during our class discussions.

I’m not surprised when I hear that because in my classes and our programs, students learn how to make change happen, develop empathy for consumers, and co-create solutions with diverse communities, skills that you can apply to any work you are doing.

What do you like about the school you are teaching at?
The McCombs school embodies the culture of Austin – a unique camaraderie among students, a social consciousness that is part of the city, and a willingness to work together toward our mutual goals. I also have tremendous support to experiment and figure out what works in the new Social Innovation Initiative that I lead.

What can you do in the classroom to best prepare students for the real world?
There are two parts to that process: The first and obvious one is to give students a rigorous course that helps them develop a certain level of expertise in the subject. The other part is harder.

How do we prepare students for a real world that is ever-changing and more diverse than anything they can experience in the classroom? How do we teach them how to react when faced with tough professional and personal choices, successes and failures? I try different things.

I look for outside speakers who are experts in the subject matter, but who can also speak to these ambiguities and how they handled them. I weave in these topics in class discussions, cases and projects as much as I can. I try to create an environment in the classroom that puts the onus of learning on the student, respects diverse voices, challenges students to look beyond the easy answers and develop confidence in their ability to make change happen and bring others along on that journey.

What are you most excited about that’s happening in your field?
Technology is upending every field, not least of which is finance, but what excites me the most is the tremendous growth in ESG investing in the past couple of years has been exciting.

This January, we witnessed a defining moment on Wall Street when Larry Fink, CEO of Blackrock, the world’s largest asset management firm, wrote a letter to CEOs saying that Blackrock expects companies to make a positive contribution to society in addition to producing financial returns.

In the letter, he also states that companies must benefit all stakeholders, not just shareholders. How this translates to action for Blackrock or the companies in which it invests remains to be seen, but the winds are definitely shifting away from the kind of capitalism that we’ve seen for several decades now.

Can you speak to interesting trends in your field?
All around the world, companies are beginning to pay attention to their social and environmental impacts. Several factors are driving these changes. Surveys show that over 75% of millennials are integrating social and environmental consequences into their consumption, employment, and investment decisions.

Around $40 trillion of wealth will transfer to this generation over the next three decades and we are already seeing some of the shift toward more sustainable investing. A quarter of managed assets around the world are invested with ESG (environmental, social, and governance) considerations, and this number is growing.

We are also seeing a growth in investments directly into social purpose businesses, commonly referred to as impact investing as more philanthropists and conscious investors find that a financial return, at or below market, allows them to extend their support of social enterprises.

Around 36 states now allow companies to incorporate as Benefit Corporations which means that their social and environmental missions are baked into their charter, making it easier to protect their missions legally.

What are you most excited about in your classroom?
Because of the content, my classes naturally tap into the desire of this generation to find purposeful lives and careers. I love their fierce idealism and even after teaching for so many years, fresh ideas from new students and new generations never ceases to enlighten me.

Any business predictions for 2068?
I’m optimistic about humankind’s capacity to innovate and adapt, so I’m going to bet that a new sustainable, regenerative form of capitalism will emerge that that will restore and replenish more than we extract from our society and planet.

Thank you so much Professor Kothare for sharing your insights and experiences with our readers! You can read more about her work in South by Social: Austin is the capital of impact entrepreneurship, too and Women lead second wave of giving sparked by Impact Austin experiences.

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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

_________________

Interested in a free 30 minute consultation with the Stacy Blackman Team? Sign up here: http://stacyblackman.com/contact

Stacy Blackman | Stacy Blackman Consulting Inc | http://www.StacyBlackman.com | +1 323.934.3936
MBA blogger, US News and Author, The MBA Application Roadmap

Professor Profiles: UT McCombs’s Meeta Kothare   [#permalink] 22 May 2018, 06:00

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