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Stacy Blackman Consulting Blog

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Chicago Booth Expands MBA Deferred Admissions Program  [#permalink]

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New post 05 Oct 2018, 10:01
FROM Stacy Blackman Consulting Blog: Chicago Booth Expands MBA Deferred Admissions Program
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This week, the Chicago Booth School of Business announced it will expand its MBA deferred admissions program to undergrads outside of University of Chicago who are in their final year of study.

The Chicago Booth Scholars program allows admitted students to gain two to four years of full-time professional experience before coming to Booth to earn their MBA. This is the first time Booth has opened the deferred admissions program to outside colleges. Since its start in 2002, only UChicago undergraduate students could apply to the  Chicago Booth Scholars Program.

MBA Deferred Admissions Program Now More Flexible Than Ever
Also, the school has expanded the available program options to its deferred candidates. Booth Scholars typically apply to the Full-Time MBA Program at the Hyde Park campus. However, students who wish to continue working can instead choose the Evening or Weekend MBA Program at the downtown campus.

Stacey Kole, deputy dean for the MBA Program at Booth, notes that the program has attracted highly qualified students.  “There is great talent beyond our own university, which is why we are opening this opportunity to students attending other colleges and universities,” she says.

2018 Program Snapshot
Undergraduates admitted: 43 Booth Scholars

GMAT range: 670-770

GPA range: 3.19-3.92

Females: 56%

Internationals: 26%

The next application deadline is April 4, 2019. The $250 application fee is waived for all Chicago Booth Scholars applicants. Scholars must maintain full-time professional experience during the deferment period—a minimum of two years and a maximum of four years.

Students can take the GMAT and GRE while still in test-taking mode and before they enter the busy working world. The deferred admissions program also creates an environment in which young professionals can find their career paths.

Booth Dean Madhav Rajan says, “Broadening the Chicago Booth Scholars Program by providing even greater access to exceptional undergraduates reflects Booth’s mission to influence and educate current and future leaders.”

The post Chicago Booth Expands MBA Deferred Admissions Program appeared first on Stacy Blackman Consulting - MBA Admissions Consulting.

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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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More MBA Applicants Now Subject to Social Media Review  [#permalink]

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New post 08 Oct 2018, 12:01
FROM Stacy Blackman Consulting Blog: More MBA Applicants Now Subject to Social Media Review
Are you ultra active on social media pages like Facebook, Instagram, Twitter and LinkedIn? Did you know that admissions officers increasingly review an applicant’s social media profile before making final admit decisions?

In fact, the percentage of admissions officers at America’s law schools and business schools who have checked out applicants’ online profiles to learn more about them has hit record highs, at 56 percent and 40 percent, respectively, according to new Kaplan Test Prep research.

Compare that to 2011 — the first year Kaplan began asking this question — when just 37 percent of law school admissions officers and 22 percent of business school admissions officers examined social media posts.http://www.twitter.com/KaplanGMATPrep

Social Media Review is Fair Game for Admissions Officers
Although an overwhelming majority of admissions officers consider social media profile checks completely acceptable, the actual occurrence of such checks happens at a significantly lower rate.

In fact, Kaplan’s surveys found that 91 percent of law school admissions officers and 71 percent of business school admissions officers say visiting applicants’ social media profiles is “fair game,” as opposed to “an invasion or privacy and shouldn’t be done.” http://www.twitter.com/KaplanGMATPrep

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Curiously, law school applicants had a higher rate of problematic social media content compared to their business school counterparts,  at 66 percent and 36 percent, respectively.

Law school admissions officers most cited things like “inappropriate photos” of applicants’ underage drinking, or engaged in “unsavory activities.” Others mentioned applicants who posted something racist, or posting about undisclosed criminal activity.

Business school admissions officers, on the other hand, more often cited applicants who misrepresented their professional experience. http://www.twitter.com/KaplanGMATPrep

On the flip side, 29 percent of law school admissions say that what they found has helped applicants’ admissions chances. This compared to a much larger 46 percent for business school admissions officers.

Both groups cited discovering community service activities unmentioned in the traditional application as aiding applicants’ admissions chances.

Noah Teitelbaum, Kaplan Test Prep’s executive director of pre-business programs, said, “While what you post on social media is not nearly as important as the traditional factors in admissions process like your standardized test scores and GPA, always be mindful of what you post. Your social media footprint can potentially give you an admissions boost, but in some cases it can and will be used against you. Share wisely.”

Our post on how to use social media to strengthen your MBA application will show exactly how you can solidify those good impressions created within the rest of your materials.

The post More MBA Applicants Now Subject to Social Media Review appeared first on Stacy Blackman Consulting - MBA Admissions Consulting.

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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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Tuesday Tips: HEC Paris Fall 2019 MBA Essay Tips  [#permalink]

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New post 09 Oct 2018, 09:01
FROM Stacy Blackman Consulting Blog: Tuesday Tips: HEC Paris Fall 2019 MBA Essay Tips
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An amazing location in Paris and a strong leadership education distinguish the HEC MBA. HEC Paris boasts a high number of CEOs in its alumni community. Another distinction is an entrepreneurial spirit. The MBA program was recently named as one of the top MBA programs in the world. At HEC Paris you will have a diverse network as the student community is 90% international.

If your life and career are focused in Europe, HEC is worth a strong look. Even if you are primarily focused on programs in the United States, think about adding a European MBA program to your list. We explore in more detail the advantages for US based applicants in this blog post.

To learn more about how Stacy Blackman Consulting can help with your HEC Paris application, contact us.

Essay 1. Why are you applying to the HEC MBA Program now? What is the professional objective that will guide your career choice after your MBA, and how will the HEC MBA contribute to the achievement of this objective? (500 words max.)
The first essay in this set asks you about your future career, why now is the right time for an MBA and why HEC Paris is your choice. You will want to explain a bit about your past experiences, but avoid reciting your resume. Think about the key moments in your career that have influenced you or highlighted your skills.

Those are the mini-stories to tell. Then, you can explain your career choice with specifics. What industry do you want to work within? What will be your function (marketing or finance, for example)? Do you have any desires for location and aspirations to impact the global economy?

Also, note that HEC Paris has successfully assisted students with career changes and entrepreneurial dreams. If you are looking for a new career after your MBA, HEC may be the perfect place. Thorough school research will help you make the case to the admissions committee. You will want to explain what classes, professors, alumni and student community activities will help you achieve your goals.

Essay 2. What do you consider your most significant life achievement? (250 words max.)
HEC Paris is looking for leaders. Think about the experience that shows your character and demonstrates leadership. There is no time limit to this essay; you could explore something formative that happened to you as a teenager, or an achievement from last week. In terms of selecting the best example, you should think about an achievement that both demonstrates who you are, and also shows a moment that changed the course of your life.

For example, perhaps you were given an assignment at work that was beyond your capabilities. That experience may have taught you how to leverage the experience of a team. Or how to research and learn on your own. Think about the achievements that stretched your abilities and taught you the most. A leadership example can also show how you worked with others and helped them achieve their best work.

Essay 3. Leadership and ethics are inevitably intertwined in the business world. Describe a situation in which you have dealt with these issues and how they have influenced you. (250 words max.)
As a future leader, ethics can determine how well your company performs. When you look at the devastating results of the 2008 financial crisis, or recent security breaches at major tech companies, it is clear that business can be influenced by public perception of ethics. Because ethics are so important, HEC Paris is asking this required question.

In your own career you have likely encountered colleagues or leaders that were not guided by ethical behavior. When you have come across an ethical dilemma, how did you handle it? Explain the situation and how you felt, what you did, and the outcome of your actions. Ideally you have a lesson learned from the experience that has influenced your approach to leadership and ethics.

Essay 4. Imagine a life entirely different from the one you now lead, what would it be? (250 words max.)
This essay is a creative way to explore your character and core personality. When you think about the opposite of who you are today, it shows how you view yourself. Where would a person leading an entirely different life live? What career would they pursue? What would be their family responsibilities? Think about asking your friends and family what they think as a thought starter.

Describe this alternative life as specifically as possible and use the exercise to clarify your own core values.

Essay 5. Please choose from one of the following essays, 250 words max.:
a) What monument or site would you advise a first-time visitor to your country or city to discover, and why?
b) Certain books, movies or plays have had an international success that you believe to be undeserved. Choose an example and analyse it.
c) What figure do you most admire and why? You may choose from any field (arts, literature, politics, business, etc)
This essay provides a few options for you to show the admissions committee your personality. You can choose to describe a part of your country or city, provide your point-of-view on an art piece, or discuss a leader you admire. Any one of the choices can showcase an aspect of your personality. The goal is to be specific and differentiate yourself.

For example, if you live in a small country or city that is rarely visited by tourists, it might be interesting to describe a monument or site. Using the essay to describe your city or country is a way to explain what is unique about your life. If you choose instead to discuss a public figure you admire, you could explore your ideas of leadership or fame. Perhaps you admire persistence, or overcoming obstacles, or helping others. This is a way to again explore your core values. Whichever option you choose, get personal!

Essay 6. Optional: Is there any additional information you would like to share with us? (900 words max.)
An optional essay gives you space to describe any additional information you would like to provide to the admissions committee. Generally, optional essays are used for any confusing or concerning information in your application. In this case, you may use this essay to provide positive information as well.

You may have a story about leadership or another achievement you would like to highlight. If so, this is a place to tell that story. If you have described your core values in the essays above you may be able to reinforce the story with this essay.

This is the essay to use if you need to explain an academic issue, low GMAT, recommender issue, or gap in work experience. It is far better to fully explain any issues in your application than to leave the admissions committee to guess what happened. Explain your issue clearly and focus most of the essay on the correction for the issue.

For example, if you had a low grade in a quantitative course in college, spend most of the essay describing how you have shown academic promise since then, rather than focusing on the negative. Avoid blaming anyone else for your issue. Instead, describe why this one incident is in your past and will stay there.

You may also choose to skip this essay if you do not have another story to tell or an incident in the past to explain. Remember that it is optional.

***

For more details on the HEC Paris MBA difference and the application requirements, visit the HEC Paris website.

The post Tuesday Tips: HEC Paris Fall 2019 MBA Essay Tips appeared first on Stacy Blackman Consulting - MBA Admissions Consulting.

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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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The Best Online MBA Programs of 2019  [#permalink]

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New post 10 Oct 2018, 12:01
FROM Stacy Blackman Consulting Blog: The Best Online MBA Programs of 2019
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Online MBA programs have gained a lot of traction in recent years. These days, an ever-increasing number of professionals turn to these flexible formats to help reach their highest goals. Overall, online MBA programs continue to deliver an ever more competitive educational experience. Plus, at the best programs, the instruction rivals that of students learning on campus, with classes taught by the same top-notch faculty.

Earlier this week, the business school news website Poets & Quants shared its second annual ranking of the best online MBA programs with Forbes readers. To determine the results, P&Q sent out detailed surveys to both schools and program alumni over the past two years. According to editor-in-chief John A Byrne, more than 1,200 graduates responded.

In a nutshell, Byrnes explains, “Our methodology is based on three equally weighted parts that take into account who gets in, what happens to them while they are in the program, and what outcomes occur as a result of the education.”

Top Ten Online MBA Programs
  • USC Marshall School of Business
  • Auburn University Harbert School of Business
  • IU Kelley School of Business
  • CMU Tepper School of Business
  • Lehigh University College of Business and Economics
  • UNC Kenan-Flagler Business School
  • University of Florida Warrington College of Business
  • University of Nebraska-Lincoln College of Business
  • Hofstra University Zarb School of Business
  • University of Dallas Jindal School of Management
“Marshall School of Business topped our 2019 ranking, thanks largely to overwhelmingly positive alumni satisfaction rates,” Byrne notes. USC Marshall, which launched its online MBA program in Fall 2015, also has other successful online programs, including a Master of Business Taxation and a Master of Global Supply Chain Management.

Certainly, the school invested considerable infrastructure to develop online learning programs, training and supporting faculty and developing a dedicated instructional team and studio to build out the online MBA program curriculum.

Where Each Online MBA Program Shines
Programs with the highest admissions standards: USC Marshall, Indiana Kelley, Texas Jindal, Wisconsin, Massachusetts, and Carnegie Mellon.

Best online academic and extracurricular experience, per alumni: Hofstra Zarb, the Jack Welch Management Institute, USC Marshall, Auburn, Carnegie Mellon, and Indiana Kelley.

Top programs for salary boost, promotions, post-MBA career outcomes:  USC, Hofstra, Texas Jindal, Auburn, Lehigh, and Kenan-Flagler.

Best for connecting with fellow classmates: Hofstra (9.79), USC (9.52), Carnegie Mellon (9.43), and Kenan-Flagler (9.19).

Next Up: What to Look For in an Online MBA Program
For starters, you’ll need to consider many factors, such as cost, reputation, your preferred learning style, and career goals to determine whether an online or traditional MBA program is right for you.

Then, if you decide to pursue the online MBA experience, there are a couple of things you should look for in a program. First and foremost, choose one accredited by the Association to Advance Collegiate Schools of Business. The AACSB also accredits all of the top brick-and-mortar b-schools, and ensures that the program meets educational standards.

In addition, look into pursuing online degrees with short-term in person residencies.  Face-to-face exchanges will undoubtedly remain an important business skill no matter how much of our work takes place online.

Ultimately, whichever program you choose in your MBA journey, a great fit with your goals and lifestyle will ensure the best results, from application to graduation.

Curious to learn more about these rankings? Visit Poets & Quants for the complete picture of today’s online MBA landscape.

The post The Best Online MBA Programs of 2019 appeared first on Stacy Blackman Consulting - MBA Admissions Consulting.

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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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Joined: 03 Nov 2010
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Cornell Johnson MBA Students Enact Grade Non-Disclosure  [#permalink]

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New post 12 Oct 2018, 10:01
FROM Stacy Blackman Consulting Blog: Cornell Johnson MBA Students Enact Grade Non-Disclosure
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Following a year-long strategic study, full-time MBA students at Cornell Johnson College of Business have voted for grade non-disclosure. This means they needn’t disclose their grades to recruiters until they have received a full-time, post-graduation job offer.

What is Covered by the New Policy?
The policy covers GPAs, grades in courses, and grades on assignments or exams. Exceptions include dual-degree students pursuing non-MBA roles, such as JD/MBA candidates who need to disclose their GPAs to law firm recruiters.

Additionally, the policy excludes Johnson Cornell Tech students applying to positions not restricted to MBAs at the Cornell Tech campus. It also affects students applying for fellowships, public sector, international, and/or nonprofit positions.

With recruitment for MBA graduates starting earlier than ever before, stakeholders needed to evaluate the alignment of academics and recruiting. As associate Dean for MBA Programs, Vishal Gaur, explains, “We hope that grade non-disclosure will encourage students to take more academic risks and think holistically about their education, personal development, leadership, and the impact they want to have in the future.”

Does Grade Non-Disclosure Affect Recruiting?
David Capaldi, director of Johnson’s Career Management Center, doesn’t think the change will have a significant impact.

“Recruiters know how to ask the right technical and case questions to assess whether a student is ready for the job, and that kind of data is far more helpful to a firm than a GPA,” explains Capaldi, who worked on Wall Street for 20 years before returning to Johnson.

“In investment banking, for example, our students have consistently shown their ability to perform in interviews and on the job. We continue to have a very high internship conversion rate for banking, and we are seeing similar trends in consulting and marketing this year as well. Ultimately, that kind of track record is what attracts firms to recruit at Johnson,” Capaldi says.

Non-Disclosure Strengthens Collaborative Community
“Teamwork and a community focus are foundational to Johnson,” says Victoria Wilmarth, MBA ’18, who served as faculty chair of the Johnson Student Council. She was also a member of the committee that studied the issue over the 2017–2018 academic year.

“This vote helps bring Johnson’s academic experiences into alignment with the school’s values. I think this will deepen students’ commitment to collaborative learning and support academic risk taking for professional and personal development.”

For more details on the change, visit the Cornell Johnson newsroom.

The post Cornell Johnson MBA Students Enact Grade Non-Disclosure appeared first on Stacy Blackman Consulting - MBA Admissions Consulting.

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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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Joined: 03 Nov 2010
Posts: 1331
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Yale SOM Scholarship for First-Generation College Students  [#permalink]

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New post 15 Oct 2018, 05:01
FROM Stacy Blackman Consulting Blog: Yale SOM Scholarship for First-Generation College Students
By some estimates, first-generation college students make up 30% of entering freshman classes. This sector of the population, being the first in their families to attend university, typically encounters significant financial constraints. In fact, economic challenges often dictate where a first-generation college student ultimately studies, shaping their lives in countless ways.

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Yale alumna Lise Chapman, ’81, endows new scholarship for first-generation college students.

Yale SOM alumna Lise Pfeiffer Chapman, while not a first-generation college student, also faced economic hardships at that critical life juncture. For this reason, she credits a generous student loan from the Hattie M. Strong Foundation for allowing her to attend Stanford University and later the SOM.

Now, to pay it forward, Chapman has endowed a new scholarship at Yale School of Management aimed at helping first-generation college students finance their own Yale SOM education. This is the first scholarship of its kind at the SOM.

“This is something that I need to do,” says Chapman, a former chair of the Association of Yale Alumni Board of Governors. “I want to make a positive impact for first-generation and low-income students, and do it in a permanent, ongoing way.”

“I could not have attended Stanford, and consequently Yale, without the help of others. Being grateful, I have continued to give back throughout my life,” Chapman adds.

Connecting First-Generation College Students with Yale Alumni
Chapman’s scholarship endowment relates closely to the 1stGenYale initiative she helped launch in 2016. “I saw the need to connect alumni as an important resource for students who share being first-generation to college or graduate school and from low-income backgrounds,” she explains.

Since its founding, 1stGenYale has connected more than 1,000 alumni and students focused on building life and career strategies. Chapman and a team of 15 Yale alumni developed and organized the inaugural “1stGenYale Alumni Conference – Blazing the Trail: Being the First” last April, which connected many 1stGen alumni for the first time.

In November, Chapman will be awarded the Yale Medal, in recognition of her service to the greater Yale community.

“I want to help students feel that they all belong as members of the Yale family,” Chapman says. “I hope this new scholarship encourages SOM and other Yale alumni to make a difference in their own way.”

Learn more about Lise Chapman’s enduring relationship with her alma mater, and reasons for giving back, here.

The post Yale SOM Scholarship for First-Generation College Students appeared first on Stacy Blackman Consulting - MBA Admissions Consulting.

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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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Best MBA Programs for Foodies  [#permalink]

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New post 17 Oct 2018, 11:01
FROM Stacy Blackman Consulting Blog: Best MBA Programs for Foodies
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If you’re looking to channel your epicurean inclinations into a full-fledged career, don’t miss this list of the best MBA programs for foodies.  Earlier this week, BusinessBecause had some fun exploring which b-schools offer programs for those interested in careers in the food and beverage industry.

In today’s competitive job market, having an MBA specialization in this niche industry looks impressive on your resume. In addition, if you can seek out supporting internship or extracurricular activities, you’ll  definitely stand out from the crowd.

This type of specialized MBA can open doors to a variety of positions in the world of food and wine. You’ll explore marketing, financial, business, and management tools that will prepare you for leadership roles in this global, ever-evolving industry.

So, have we whet your appetite yet? Take a look at these b-schools highlighted in BusinessBecause, which we’ve grouped by region. Each one is known for having a particular strength or emphasis.

Best MBA Programs for Foodies in Europe
SDA Bocconi…because, Italy. Their Master of Management in Food and Beverage prepares students for careers in food and beverage production, including manufacturing, retail, and hotel management.

Royal Agriculture University. Based in the UK, this was the first agricultural college in the English-speaking world. Their MBA in International Food and Agribusiness prepares students for senior positions in food corporations across the world. Consequently, previous graduates have gone on to work with Moet Hennessy and the USDA National Agricultural Statistics Office.

TIAS School for Business and Society. Their EMBA in Food and Agribusiness is a joint degree with another leading research university in the Netherlands, Wageningen. In fact, the Netherlands is one of the best places in the world to kickstart your career in the food industry. BusinessBecause notes that the country is second only to the US as the largest exporter of agricultural products in the world.

Best MBA Programs for Foodies in North America
Harvard Business School. The top-ranked business school offers a specialization in Food and Agribusiness. Accordingly, it takes a broader look at the sector, touching on technological advances, public policy, and risk management.

IU Kelley School of Business. Kelley offers a joint MBA/Master of Science in agricultural economics alongside Purdue University’s College of Agriculture. Purdue ranks in the top 10 universities worldwide by QS for Agriculture and Forestry this year. Furthermore, the Kelley MBA also performs well across the rankings. BusinessBecause says you’ll get two world-class degrees instead of just one.

Chicago Booth School of Business. At Booth, MBA students can join the FEAD (Food, Environment, Agribusiness, Development) society. FEAD has more than 1,000 current Booth students and alumni members interested in careers in food and agriculture.  This powerhouse of a group routinely put students in touch with large-scale food and agriculture companies.

Sonoma State University. Located in the heart of California wine country, Sonoma’s MBA in Wine Business gives students the knowledge to succeed in the industry. MBA program candidates at Sonoma get all the standard business classes, including managerial finance and human resource management. In addition, they also study in-depth electives exclusive to the wine industry, such as international strategies and wine marketing.

University of Alberta. Here, a MBA/Masters in Agriculture joint degree combines studies in management and the food industry. “The department is focused on solving current global problems including effective ways of growing food, sustainable forestry, and investigating nutrition and health,” BusinessBecause explains.

University of Guelph. This well-ranked Canadian university’s College of Business and Economics has a dedicated MBA in Food and Agribusiness. For this reason, it’s known for attracting students from a range of industries including finance, consulting, and tourism.

Best MBA Program for Foodies in Africa
Sokoine University of Agriculture. Located in Morogoro, Tanzania, their MBA in Agribusiness prepares students for careers in food production, agriculture, or farming. BusinessBecause suggests that Tanzania offers a wealth of opportunities for careers in agriculture at the moment. Most noteworthy, the Tanzanian government aims to move from a low to middle-economy by 2025.

***

Hungry for more details? Learn more about why BusinessBecause chose these schools as the best MBA programs for foodies here. Finally, take a look at our post Ask the AdCom: What’s Your Favorite Restaurant Near Campus? It has great dining recommendations for foodies near several top business schools.

The post Best MBA Programs for Foodies appeared first on Stacy Blackman Consulting - MBA Admissions Consulting.

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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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MBA Programs with the Highest Return on Investment  [#permalink]

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New post 19 Oct 2018, 11:01
FROM Stacy Blackman Consulting Blog: MBA Programs with the Highest Return on Investment
Assessing potential return on investment helps candidates determine whether pursuing an MBA degree makes sense both professionally and financially. After all, business school isn’t cheap.

Based on the QS 2019 Global MBA Ranking, this ROI comparison published in Business Insider looks at post-MBA salaries to pre-MBA salaries while factoring in tuition and cost of living. While some overlap exists between the top ten overall in the QS ranking, you’ll see some surprising MBA programs that deliver more bang for your buck.

Top MBA Programs for Return on Investment
First Place—Manheimm Business School, Mannheim, Germany

QS return-on-investment score: 98.3

Tuition: $40K to $49K

Post-graduation salary: $100K to $109K

Post-program salary growth: 162%

2. IE Business School, Madrid, Spain

QS return-on-investment score: 96.8

Tuition: $80K to $89K

Post-graduation salary: $90K to $99K

Post-program salary growth: 94%

3. SDA Bocconi, Milan, Italy

QS return-on-investment score: 96.6

Tuition: $60K to $69K

Post-graduation salary: $100K to $109K

Post-program salary growth: 116%

4. Strathclyde, Glasgow, UK

QS return-on-investment score: 96.0

Tuition: $40K to $49K

Post-graduation salary: $70K to $89K

Post-program salary growth: 184%

5. Ross School of Business, Ann Arbor, Michigan (tie)

QS return-on-investment score: 95.7

Tuition: $110K to $149K

Post-graduation salary: $120K to $129K

Post-program salary growth: 100%

5. CMU Tepper School of Business, Pittsburgh, Pennsylvania (tie)

QS return-on-investment score: 95.7

Tuition: $100K to $149K

Post-graduation salary: $110K to $119K

Post-program salary growth: 113%

7. Imperial College London, UK

QS return-on-investment score: 95.0

Tuition: $60K to $69K

Post-graduation salary: $70K to $89K

Post-program salary growth: 29%

8. University of Hong Kong

QS return-on-investment score: 94.6

Tuition: $70K to $79K

Post-graduation salary: $90K to $99K

Post-program salary growth: 108%

9. Cranfield School of Management, Cranfield, UK (tie)

QS return-on-investment score: 94.5

Tuition: $40K to $49K

Post-graduation salary: $90K to $99K

Post-program salary growth: 124%

9. Durham University, Durham, UK (tie)

QS return-on-investment score: 94.5

Tuition: $30K to $39K

Post-graduation salary: $70K to $89K

Post-program salary growth: 87%

(source: Business Insider)
Keep This in Mind When Considering ROI
Students of two-year MBA programs typically have the largest investment expense because they miss two years of employment. They need to recoup the cost of the MBA degree plus the opportunity cost in order to get a positive return on their investment.

Prospective students should consider payback time with projected cumulative growth, and average growth rate, when looking at return on investment as a motivating factor for pursuing an MBA. But keep in mind, the value of the MBA degree varies depending on your post-graduation plans, as well as the brand of the business school where you earn the degree.

Remember, every choice that you make when deciding whether an MBA makes sense for you– ranging from the cost of the city you decide to live in, the field you move into, to the school you choose – will impact your financial return on investment.  Nevertheless, no other degree can open doors as the MBA does.

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MBA Admissions Advice from Yale SOM Students  [#permalink]

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New post 22 Oct 2018, 12:01
FROM Stacy Blackman Consulting Blog: MBA Admissions Advice from Yale SOM Students
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Last week, Yale School of Management posted timely MBA admissions advice straight from current first-year students, AKA Admissions Ambassadors. Whether you have your sights on Yale SOM for Round 2, or find yourself in the intel gathering stage, their admissions advice can guide your journey to b-school. Take at look at these three focus areas and learn why each is so important.

Understand School Culture, Fit
A visit to campus will provide the most complete understanding of a particular b-school’s culture, and your fit with said culture.  If such a trip proves too difficult prior to applying, find an off-campus event near you. Talking to a variety of current students and alumni will offer a clearer idea of whether or not you click.

“This will allow you to evaluate if a school is truly the right fit for you and, more important, it will help you in the application process to show your enthusiasm for the school and speak about how you plan to make the most of your time at the school in the interview,” says Jvaneel Parekh.

Additionally, do your research of the strength of the alumni network. Consider class size and teaching methodologies.  Also, find out how diverse is the school.

“I think it is really important to be honest with yourself and know what you want to achieve out of business school, says Paraj Tyle. “That not only helps find a good match in terms of opportunities, but also the right culture. The right culture fit is so important in having a phenomenal experience.”

Why Business School?
Are you seeking an MBA for career advancement, personal development, or a career switch? Indeed, your MBA could transform everything about your life. However, it’s more typically a tool to polish existing skills, build your network or expose you to new industries.

“Take the time to really think through your story: Why do you want to go to business school? Why is a particular school the right fit? Why is all of this essential to your career goals?,” advises Lauren Motzkin. “This reflection will help in making a really big decision and will also help you to craft an authentic and consistent narrative for your application.”

Our best admissions advice? Clearly detail what you still need to learn, and what experience you must gain, in order to reach your career goals. Don’t be afraid to point out what gaps you have and exactly how an MBA can help.

Express Your True Self
It may sound obvious, but one of the real keys to a successful MBA application is simply being authentic. Don’t shy away from your true interests; illustrate how they have helped shape the incredibly dynamic and fascinating person that you are.

The trick to fleshing out your human side in the application is to take just a couple of experiences, activities, or themes and expand upon them in a much more detailed and nuanced way.

Most MBA applicants aren’t professional writers, and sometimes make the mistake of writing essays that are informative, logical, well-organized and, inadvertently, a snooze fest. This is not the time to repeat your resume in prose form.

You must connect with the person evaluating your application on an emotional level if you hope to stand out.

“Be vulnerable. Sometimes it will seem awkward or uncomfortable, but tell your true story, show who you are, and be open about it. Be bold enough to let your inner self shine in your application, but be even bolder by letting the school know that you’re not perfect, that you have space for growth, and that you have dreams and ambitions to reach—and it’s because of those ambitions that you want an MBA at that particular school,” counsels Lucas Silva.

The admissions committee wants to get to know you as a person beyond the resume. Never write anything just because it seems like something an admissions committee would want to hear. That move is almost guaranteed to backfire on you.

Looking for more MBA admissions advice? Meet the Yale School of Management Admissions Ambassadors who shared their thoughts with prospective students here.

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MBA Essay Advice for Entrepreneurs  [#permalink]

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New post 24 Oct 2018, 13:01
FROM Stacy Blackman Consulting Blog: MBA Essay Advice for Entrepreneurs
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Business schools have always prepared students to launch and manage their own businesses. But over the last decade, the number of courses, centers and contests dedicated exclusively to entrepreneurship has mushroomed.  When it comes to the MBA application, though, many entrepreneurs feel unsure of the best way to convey their unconventional background. If that sounds familiar, check out this MBA essay advice for entrepreneurs recently shared by Mark Skoskiewicz in Business Because.

Skoskiewicz received his MBA from Kellogg School of Management, and is the founder of test prep company MyGuru. He thinks applicants should focus on including four specific things in their applications.

Show How B-School will Fill in the Gaps
Many entrepreneurs have failed at getting their business idea off the ground because they didn’t have the tools in their arsenal that they would have learned at business school.

B-school has become the safe place to test out your most creative, outrageous and ambitious ideas without the pressure and fear of failure. It also offers students the chance to refine their business models to nail it next time out in the real world, when the stakes are much higher.

“Your admissions essays should demonstrate that you see the value of building a well-rounded intellectual toolkit to help you build your business,” Skoskiewicz writes. “If there are clearly particular skills or concepts you know you’ll need but which your background lacks, highlighting these specific gaps will create a powerful story.”

Convince the Adcom of Your Thirst for Experiential Learning

These days, top business schools place a lot of emphasis on experiential learning.  This hands-on approach to learning undoubtedly benefits those with an entrepreneurial spirit. It also aids generalists who enjoy working in groups and want to learn how to get things done. Unlike the lecture and case method approach, experiential learning encourages students to learn by doing.

“Most MBA programs encourage this type of learning, and you’ll be well served to highlight your interest in learning in this way as part of your rationale for wanting to get an MBA,” he advises.

Don’t Get Bogged Down With One Very Specific Entrepreneurial Idea
“Business school can be a powerful platform for articulating ideas to others and getting feedback. So, I think talking about the actual ideas you have and about how you’ll test them in school is a great strategy. But spending too much time talking about a specific idea becomes dangerous,” Skoskiewicz  counsels.

“Admissions committees are interested in understanding how an MBA fits into your career plans and what you’ll bring to the community. You shouldn’t waste too much time describing details of specific ideas. This takes space away from describing the ways in which MBA school will help you pursue the idea,” he adds.

An SBC Client Case Study
When Miles came to work with SBC, he had already gone through two admissions cycles with nothing but dings.  His prior applications had completely left out his entrepreneurial venture because he did not feel comfortable describing a business that brought in just a couple thousand dollars a month.

While his venture had not grown significantly, it was a legitimate company with employees, partners, customers, a website and more. In fact, in launching and developing his business, Miles showed a lot of initiative, focus, creativity, vision and drive.  He told a great story about how his interest in the business developed. He also discussed many of the challenges he had encountered and overcome along the way.  While the business was growing slowly, it was growing, and he was learning a ton.

Ultimately, the fact that he still needed business training was clear through his story and tied very nicely with why he needed an MBA.

His new application presented a very focused picture of an unconventional person quite ready for business school. Miles had a lot to learn from and contribute to an MBA program.

Show You Can be a Team Player
Entrepreneurial success requires teamwork and strong business relationships.  Your network of classmates can advise on various areas. Plus, seasoned professors can weigh in on business dilemmas as you build a plan. In fact, good relationships with your professors can translate into a lifelong pipeline of talent connecting graduates with current MBA students.

“Business school is certainly a good place to network with people who share an interest in building companies,” says Skoskiewicz.  “Talking about networking and team-building as a rationale for wanting to pursue entrepreneurship while in an MBA program makes sense.”

So heed this MBA essay advice for entrepreneurs. If you do, you’ll stand a good chance of persuading the admissions committee to take a closer look at you.

You can read more of Skoskiewicz’s MBA essay advice for entrepreneurs here.

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Economist Crowns Chicago Booth 2018’s Best MBA Program  [#permalink]

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New post 26 Oct 2018, 11:01
FROM Stacy Blackman Consulting Blog: Economist Crowns Chicago Booth 2018’s Best MBA Program
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This week, The Economist has published its annual ranking of the world’s best MBA programs, and the University of Chicago Booth School of Business once again takes the top spot for 2018. This is the sixth time in seven years Booth has reigned supreme in this ranking, ending rival Kellogg School of Management‘s moment in the limelight last year.

Even though Booth has a reputation for finance and “super quants,” The Economist deems it a well-rounded MBA program. Most noteworthy, graduates gush about finding employment in a wide range of industries, and students consider Chicago Booth career services top-notch.

“They also praise its world-class facilities and faculty, which includes several Nobel laureates. Job opportunities are among the best, thanks to a highly rated careers service and an alumni network of 52,500 people, one of the largest in the world.

Employment outcomes are outstanding: 97% of students find a job within three months of graduation. Graduates pocket an average salary of $129,400, a 67% rise on their pre-mba pay cheques. The relationship with alumni lasts beyond graduation. The school runs refresher courses for former students on subjects such as entrepreneurship,” The Economist noted.

The Economist’s Top Ten Best MBA Programs
  • University of Chicago Booth School of Business
  • Northwestern University Kellogg School of Management
  • Harvard Business School
  • University of Pennsylvania Wharton School
  • Stanford Graduate School of Business
  • IESE
  • University of Michigan Ross School of Business
  • UCLA Anderson School of Management
  • University of Virginia Darden School of Business
  • Columbia Business School
Ranking Methodology
Looking at an initial selection of 100 leading business schools around the world, the ranking criteria The Economist uses is based on how well the program opens new career opportunities (35%), one’s personal development/education experience (35%), increase in salary (20%), and the potential to network (10%).

The Economist used two surveys in spring 2018 to collect the data for this ranking. The first, completed by schools with eligible programs, covers quantitative matters and accounts for 80% of the ranking. This included salary of graduates, average GMAT scores, and the number of registered alumni. The remaining 20% comes from a qualitative survey filled out by current MBA students and a school’s most recent graduating MBA class.

Critiques of the Ranking
Interestingly, business school news portal Poets & Quants expressed some reservations about the reliability of these rankings.

“As is often the case in the British magazine’s rather unpredictable and often nonsensical ranking, there are some real shocks,” editor John A. Byrne observed.  Outside of the top five programs, whose positions were stable and consistent with previous years, “wild ups and downs” characterize much of the list.

“Of all the major rankings, The Economist’s ranking often is the most volatile list. This year proved no exception to that rule,” he added. ” It’s not possible, after all, for an MBA program to change all that much in a single year. In fact, it’s rare for a business school’s quality to change dramatically over a five-year timeframe.”

You can see the full Economist ranking of the best MBA programs here, and do check out the P&Q analysis linked above for a deeper dive on the subject.

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Addressing MBA Admissions Myths at Michigan Ross  [#permalink]

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New post 29 Oct 2018, 07:01
FROM Stacy Blackman Consulting Blog: Addressing MBA Admissions Myths at Michigan Ross
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The University of Michigan’s Ross School of Business  is an academic powerhouse no matter which way you slice it. Last week, in The Economist‘s 2018 ranking of best MBA programs, Ross jumped five spots over last year to land at number seven. Such excellence invariably sparks a fair amount of confusion and assumptions when it comes to applying. Thankfully, admissions director Soojin Kwon is here to clarify–or dispel—the most persistent MBA admissions myths surrounding the process at the Ross School.

Myth # 1 Ross admits more applicants in round one than in round 2. 
True, Kwon acknowledges, though she says that can be interpreted in the following ways:

  • Fewer applicants applied in Round 1. (True).
  • More competitive applicants applied in Round 1. (True when looking solely at the average GMAT of the pool).
“We don’t have ‘targets’ for each round; we admit based on the merits of the applications within the pool, Kwon explains.

Myth # 2 Your GMAT score must be above 720 to get a scholarship.
False, the admissions director assures, noting that this year’s scholarship recipients had GMAT scores ranging from 620 to 770. “We care also about your full-time work experience, your recruitability, the uniqueness of the perspective you’ll bring to the class, and your potential to engage in and lead the community,” says Kwon.

Myth # 3 Scholarship opportunities shrink in Round 2. 
False, Kwon declares. At the Ross School, the scholarship budget isn’t split up by round.  “We award based on an applicant’s potential to contribute to the class in myriad ways,” she explains, adding that, “In some years, we spend more in Round 1; in other years, we spend more in Round 2.  In the last two years, more than 40% of our students received a scholarship, ranging from $10K (annually) to full tuition.”

Soojin Kwon’s Note for Round 2 Applicants
Now that you’ve got a clearer picture of the MBA admissions myths at Ross, it’s time to look ahead to Round 2. The Ross admissions team will be hitting the road again in early November, including a stop in New Delhi after Diwali. Also,  check out Ross’s many webinars that deep-dive into the school’s resources for different career paths.

All webinars include the voices and insights of our students, says Kwon. “We encourage you to go beyond school websites and meeting the AdCom; connect with current students at every school on your list. They’re the ones who can give you deeper insight into the experience at their school.”

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$25M Gift to Enhance Entrepreneurship at Wharton  [#permalink]

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New post 05 Nov 2018, 13:01
FROM Stacy Blackman Consulting Blog: $25M Gift to Enhance Entrepreneurship at Wharton
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The Wharton School’s More Than Ever fundraising campaign has received a significant boost thanks to a $25 million gift from Wharton School alumnus Nicolai Tangen and his wife Katja Tangen. The gift supports entrepreneurship and will spearhead construction of a new campus building—Tangen Hall—plus establish an international scholarship fund.

Tangen Hall represents the first-ever dedicated space for cross-campus student entrepreneurship at the University of Pennsylvania.  “Talented and creative students are working hard to identify challenges where they can implement efficient, sustainable, and actionable solutions through innovative ventures,” says Penn President Amy Gutmann in a statement announcing the gift.

Additionally, a new Katja and Nicolai Tangen International Endowed Scholarship will provide financial aid to international undergraduate students facing prohibitive economic challenges.

“Katja and Nicolai Tangen’s immense impact will be felt for decades to come,” says Wharton Dean Geoffrey Garrett.

A New Home for Entrepreneurship at Wharton
Penn Wharton Entrepreneurship and other student entrepreneurship programs across the university will come together within Venture Lab at Tangen Hall.

“Tangen Hall marks a new chapter for the entrepreneurial community at Penn and in Philadelphia, providing a central hub for the groundbreaking innovations that happen here every day,” says Wharton Vice Dean of Entrepreneurship and Innovation Karl Ulrich. “This physical space will allow faculty to more strongly support students who turn ideas into outcomes that will transform business for years to come.”

Plans for the building include:

  • Dozens of meeting and collaboration spaces for students
  • Storefront retail space for student ventures
  • A test kitchen for food-centric startups
  • A Maker Lab operated by Penn’s School of Engineering and Applied Science and featuring 3D printers and laser cutters
  • A virtual reality environment or VR cave
  • A café for re-energizing and socializing
Wharton Faculty to Also Benefit
Undoubtedly, the Venture Lab will enhance faculty involvement in entrepreneurship across the university. Penn has more than 55 standing faculty in a wide range of disciplines with a demonstrated interest in entrepreneurship. Furthermore, 15 members of the standing faculty at Wharton  primarily focus their teaching and research in this area.

In the end, Dean Garrett believes Tangen Hall will energize the entire campus community. In fact, he calls it a “game-changing facility for innovation, entrepreneurship, and technology.”

Meanwhile, Mr. Tangen says, “We look forward to their many achievements in the years ahead, and to witnessing how this new building will bring together the next generation of entrepreneurs, leaders, and innovators to share their talents with one another and for the greater good.”

Construction of Tangen Hall will begin in 2019 and should finish by 2020. You can learn more about entrepreneurship and innovation at Wharton here.

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Stanford GSB Enacts New Financial Aid System  [#permalink]

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New post 07 Nov 2018, 11:01
FROM Stacy Blackman Consulting Blog: Stanford GSB Enacts New Financial Aid System
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Following last winter’s scandal surrounding the financial aid award practices at Stanford’s Graduate School of Business, the school has revamped its policies and will now base scholarships solely on economic needs.

Uproar ensued when a data breach revealed glaring discrepancies in scholarship awards. While the school had claimed it didn’t give merit scholarships, an MBA student who analyzed 10-year’s worth of data came to a very different conclusion.

Per the Wall Street Journal,  his report showed that, “Students with nearly identical financial situations often receive ‘vastly different’ awards and that, on average, women received more aid than men and domestic students were favored over international ones.”

What does the new financial aid system look like?
Earlier this week, Dean Jon Levin laid out the updated system, which will go into effect this December. From now on, the school will award Stanford GSB fellowships based solely on financial need. In addition, all financial aid offers will incorporate a minimum loan. Levin said the financial aid office would determine the size of the loan on an annual basis.

“This approach will apply for the general Stanford GSB fellowship pool, which constitutes roughly 85% of our fellowship budget,” he added.

New guiding principles for financial aid:
  • Excellence: Support Stanford GSB’s broad efforts to attract a competitive and diverse class.
  • Access: Enable all students admitted to Stanford GSB to attend and participate fully in the educational experience.
  • Fairness: Ensure the process treats students fairly and equitably.
Dean Levin explained that changes to the financial aid process will offer clearer guidance on assessing need.  “Historically, Stanford GSB has assessed need based on a student’s current assets,” he explained. “Students pointed out that the calculation creates an incentive to ‘spend down’ assets, rather than saving prudently. To mitigate this incentive, our new system for assessing need will factor in prior income as well as assets.”

The GSB will also make several improvements to the financial aid application process.  “We heard repeatedly that applying for aid was cumbersome, complicated, and frustrating,” Levin acknowledged. A new design is in the works and the school expects it to be an immediate improvement that can be refined over time.

Sometimes, exceptional circumstances will come up, Levin wrote, when students have complex situations, such as family health issues. He called these “edge cases,” and said the school hopes to work with students to make sure their calculated need accurately reflects their situation.

Additional specifics of the new financial aid system will be available for MBA applicants in December. For more on this issue, see Dean Levin’s note to the GSB community.

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What Makes a Great MBA Recommendation Letter  [#permalink]

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New post 09 Nov 2018, 12:00
FROM Stacy Blackman Consulting Blog: What Makes a Great MBA Recommendation Letter
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The recommendation letter forms an integral part of your MBA application package and can make—or break—your chances of admission. Most schools request two letters of support, and one should come from a supervisor if possible. Your second letter can come from a professional contact who can speak to your strengths and weaknesses, such as a past supervisor or client.

Ideally, the MBA recommendation letter provides the admissions committee with a fresh perspective on your skill sets. Above all, your recommenders should enhance your application by offering new and valuable insights into you as a person.

That’s why it’s so important to choose people who have worked closely with you and can provide specific and relevant examples of your work. Instead of submitting two highly duplicative recommendations, it’s more powerful to have recommenders who can share some different perspectives on your candidacy.

As we recently shared with Find MBA, applicants unwittingly sabotage their efforts when they select bigwig recommenders with impressive titles, hoping to impress the adcomm. This tactic almost always backfires.

A person with a fancy title who doesn’t know the applicant won’t be able to offer specific examples and anecdotes to support even the most generous platitudes. In fact, the most effective endorsements come from people who can highlight your professional, personal and interpersonal skills.

In addition, you should pick recommenders who will champion your qualities of leadership, analytical ability, communication skills, and integrity. These are traits MBA admissions committees want to see in applicants.

A Winning Recommendation Letter Requires Guidance
Consider providing your recommender with a packet of materials to help him/her have a better idea of why business school is the next step for you. This could include an updated resume, your application essay responses, and information about the program you hope to attend.

In today’s busy world, where everyone is multi-tasking and over-scheduled, it’s not uncommon for a recommender to suggest that you write your own letter. Do not ever do this!  If they don’t have time to write a proper recommendation, find someone who is more enthusiastic about championing your business school dreams.

Besides being unethical, your application reviewer can usually recognize your writing style from your essays. This is a massive red flag about your integrity and will likely lead to an automatic ding. That said, you can still play a large role in positively influencing the final product.

What Should a Recommendation Letter Emphasize?
Sit down with each recommender and let them know the key attributes you’d like them to include. This could mean emphasizing your charisma, intelligence, determination, or creative thinking.

Next, make your recommender’s life easier by providing them with at least one concrete example to illustrate each characteristic. Sharing details of how you contributed to projects, or giving specific examples of how you interact with others, or went above and beyond — these are the things that make for a great recommendation letter.

Most schools ask recommenders about your weaknesses or areas of development. Make your self-awareness a strength. Give the recommender a growth area for you as well as examples of how you are working on it. A recent performance evaluation is a good place to start.

Also, address how getting your MBA will help you further develop in this area. Then the recommender can speak to your maturity and awareness. This shows schools you intend to hit the ground running and improve through their program.

The goal of managing your recommenders is to make it as easy as possible for them to write glowing letters. That’s why a recommender package is a win-win for all. Your recommenders will appreciate your assistance and thoroughness, and produce a better recommendation on your behalf.

The post What Makes a Great MBA Recommendation Letter appeared first on Stacy Blackman Consulting - MBA Admissions Consulting.

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4 Research Tips for Veteran MBA Applicants  [#permalink]

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New post 12 Nov 2018, 12:01
FROM Stacy Blackman Consulting Blog: 4 Research Tips for Veteran MBA Applicants
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In honor of Veterans Day, we are re-posting a story with advice for veteran MBA applicants transitioning from the military to business school.
Some veterans don’t immediately see the correlation between their skills and experiences from the military and those needed to lead a Fortune 500 company. However, business schools admire the leadership skills, grit and mental agility veteran MBA applicants typically possess.

A Washington Post editorial by Harvard Business School Dean Nitin Nohria once argued that MBA programs should target more veterans. “Business school can be a pathway for integrating our service members back into civilian life, and for finding new ways to engage their intellect, integrity and leadership at home,” Nohria explained.

Are you planning to transition from active military service to business school? Then begin your research by finding out how each of the programs measures up in the following areas.

1. Explore culture and fit
Every applicant should consider whether the business schools that interest them are good fits as far as class size, teaching method, location and general culture are concerned. However, a good fit is even more important for veteran MBA applicants.  Their background is quite different from most candidates, and going from active service to a classroom can be challenging. Having strong outlets of support from the school makes a world of difference.

Once on campus, find out how many students are in the MBA program. Veterans at top-tier business schools typically make up about 5 percent of each incoming class. Too few fellow service men and women may leave students wishing for more peers they can relate to.

Find out what kinds of special programs for veterans exist. Does the business school have student clubs or organizations created specifically for veterans? Also, find out whether it offers personalized academic and career support to help veterans translate their military skills into civilian life.

Reach out to current students for their honest feedback about daily life in the program. Listen for details that go beyond what you discover on the school website or by chatting with admissions officers.

2. Consider recruiting efforts and admissions guidance 
Another sign of a military-friendly school is whether it hosts MBA admissions events or offers targeted application advice for veterans. Even if the school doesn’t host an admissions event specifically for military applicants, you can still get a fair assessment of how eager the program is to recruit veterans by looking at whether it provides support services starting during the application phase – not only once you’re admitted.

Examples include the Veteran’s Visit Day event at MIT Sloan School of Management. Also, check out the admissions FAQs provided by the Tuck Veterans Club at Tuck School of Business. Or take advantage of the application and mentorship provided by Wharton’s Veterans Club at the University of Pennsylvania’s Wharton School.

Finally, find out if the school offers deferment flexibility to candidates whose needs may change at the last minute if still on active duty.

3. Look into financial aid
The high cost of business school often deters veteran applicants. Many already have families of their own, and the concern over lost wages while they study cannot be overstated.

However, many financial incentives exist specifically for this group. Your actual out-of-pocket expense goes down dramatically once you factor in Veterans Affairs benefits, dedicated veterans scholarships, waived application fees and the Yellow Ribbon Program.

Under this program, the federal government matches, dollar for dollar, any financial aid that participating schools commit, essentially providing eligible student veterans with free or reduced-cost tuition. It’s designed to make out-of-state public colleges, private institutions and graduate programs more affordable for veterans.

Schools offer varying levels of support under the Yellow Ribbon Program. Visit the U.S. Department of Veterans Affairs website to learn whether the business school has limits on the number of recipients eligible annually – some are unlimited – and to see the exact dollar amount of the maximum school contribution per student, per year.

4. Check out this book for veteran MBA applicants
Veteran applicants need advice targeted toward their specific needs and strengths. Earlier this year, Matthew Cowsert,  a U.S. Army veteran and MBA graduate from NYU Stern School of Business, published a book called What’s Next? A Military Veteran’s Guide to Maximizing Your MBA.

Cowsert believes this book will help military veterans naturally differentiate themselves from other MBA applicants in order to gain acceptance to their target program and land their dream job.

Applicants from the military should know that business school admissions teams highly value their experience, so if that’s your background, make sure your  applications highlight those powerful and unique qualities.

A version of this post originally appeared on Stacy’s “Strictly Business” MBA Blog on U.S.News.com

The post 4 Research Tips for Veteran MBA Applicants appeared first on Stacy Blackman Consulting - MBA Admissions Consulting.

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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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Bloomberg Businessweek’s 2018 Ranking of Best Business Schools  [#permalink]

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New post 14 Nov 2018, 13:00
FROM Stacy Blackman Consulting Blog: Bloomberg Businessweek’s 2018 Ranking of Best Business Schools
Bloomberg Businessweek recently announced its 2018 ranking of the best business schools in the United States. This year, Harvard Business School got bumped out of the top spot, making room for Stanford Graduate School of Business to take first place. It’s also the first time in 30 years the Stanford GSB has come in first on a Bloomberg Businessweek ranking. A full global ranking will  come out on December 11.

Top Ten Best Business Schools in the U.S. (2017 ranking in parenthesis)
New Methodology for 2018 Ranking
Bloomberg Businessweek introduced a new, stakeholder-centered methodology for these rankings. This year, the magazine sought to answer three main questions.

  • Are schools offering what millennial students need?
  • Are recent graduates able to leverage what they’ve learned and tap into their schools’ networks?
  • What do businesses value most in recruits?
“To find out, we visited 15 business schools, met with representatives of MBA programs in our New York headquarters, and interviewed others from schools around the world,” Bloomberg Businessweek explains. All told, the magazine spoke with representatives from 43 schools.

To begin, the researchers went deep and wide for this survey of the best business schools. They polled 10,473 students, 15,050 alumni, and 3,698 employers who recruit at b-schools.

Using survey results in addition to job-placement and compensation data from the schools, Bloomberg Businessweek created four indexes. These are weighted as follows: Compensation (38.5%), Networking (27.9%), Learning (23.1%), and Entrepreneurship (10.5%).

“These new indexes are the building blocks for our 2018 overall ranking,” the news magazine says. You can learn more about the significant changes to its rankings methodology on the Bloomberg Businessweek website.

Not Everyone is a Fan
As to be expected, Poets & Quants has some sharp observations about the reliability and validity of this new method.  Editor John A Byrne gives the magazine credit for trying to do something novel with the creation of these four indexes. However, he also finds this foundation shaky at best.

“The magazine’s editors would have you believe that the best three MBA programs [for] learning are at William & Mary, the University of Utah and the University of Texas at Dallas,” Byrnes writes.

“We have no beef with the excellence of those MBA programs, but is there anyone in the world, outside of those schools’ stakeholders, who would agree that these programs provide better MBA learning  than Harvard, Stanford, Wharton and the rest of the so-called Magnificent 7? We don’t think so.”

Our View on Rankings
While rankings can inform your decision of where to apply, applicants would do well to focus more on a program’s culture, size, or the strength of its alumni network. When Stacy Blackman Consulting last surveyed business school applicants to find out what matters most to today’s applicants and why, fewer than 12 percent of survey respondents considered culture a top priority. A mere handful considered program content the most important factor influencing the decision to attend a particular business school.

These troubling results indicate people aren’t paying enough attention to the program that’s truly a good fit for them. We’re realists and know those headed for b-school really can’t help themselves. But, keep in the back of your mind that placing too heavy an emphasis on rankings can actually become a distraction. Take multiple factors into consideration when making your final school selection.

The post Bloomberg Businessweek’s 2018 Ranking of Best Business Schools appeared first on Stacy Blackman Consulting - MBA Admissions Consulting.

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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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Duke Fuqua’s Dean Wants to Recruit ‘Triple Threat’ MBA Applicants  [#permalink]

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New post 16 Nov 2018, 12:00
FROM Stacy Blackman Consulting Blog: Duke Fuqua’s Dean Wants to Recruit ‘Triple Threat’ MBA Applicants
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What kind of MBA applicant is Duke University’s Fuqua School of Business looking for? Business Insider‘s interview with Dean Bill Boulding reveals that the admissions team seeks candidates with “triple threat capability leadership.”

Boulding explains that the magic formula is IQ+EQ+DQ. At Fuqua, that last one stands for decency quotient. So, how does Boulder define each element? Here’s how he explained the triple threat to Business Insider:

IQ—Raw Intelligence
Dean Boulder: “The truth is that you can’t be stupid if you’re going to be an effective leader. People may follow you once, but they’re not going to follow you twice if you don’t have the ability to really bring to bear your insight on the complexities that any business or any organization faces.”

EQ—Emotional Intelligence
Dean Boulder: “If you’re going to be working with other people, you have to be able to be sensitive to their emotions, their emotional state, and how they’re feeling. You have to be able to regulate your own emotions and be able to connect with one another in order to rally together and accomplish something extraordinary together.”

Certainly EQ is not a new concept, though it has gained greater attention in recent years for its leadership benefits. This article in Forbes, Why Emotional Intelligence is Indispensable for Leaders, calls EQ crucial to leadership success and in being able to relate to others. The ability to put yourself in someone else’s shoes can help you choose the best problem-solving method to achieve your goals.

While intelligence is important, emotional intelligence is a key to success in leadership and relating to others. When dealing with others, truly try to place yourself in their situation. It will help you choose the best method to solve problems and achieve your goals.

DQ—Decency Quotient
Decency, meanwhile, is a trait that just makes you more pleasant to be around. DQ shows that “you’re interested in other people; you’re interested in their success; you’re interested in bringing out their best,” Boulding said. “Without decency, people won’t trust you. You won’t be credible. You won’t be respected. People just will not enjoy working with you.”

However, not all applicants to Fuqua possess these three characteristics, the dean admits. “You need to have the raw material in place, in terms of the IQ, EQ, and DQ,” Boulding said. “Then we can take those capabilities and turn your inclinations into real instincts.”

By the way, this admissions insight from Fuqua actually sounds a lot like the evaluation criteria Tuck School unveiled this summer: Smart, Nice, Accomplished, Aware.  “What we’re looking for is emotional intelligence, empathy, and respect for others,” explained Luke Anthony Peña, Tuck’s executive director of admissions and financial aid.

So, would you call yourself a “triple threat” MBA applicant? In general, do you possess those key quadruple capabilities? It sounds like these top MBA programs have the right idea about the qualities tomorrow’s leaders should possess.  You can read more of Boulding’s thoughts on leadership in Business Insider.

Photo credit: Duke University’s Fuqua School of Business

The post Duke Fuqua’s Dean Wants to Recruit ‘Triple Threat’ MBA Applicants appeared first on Stacy Blackman Consulting - MBA Admissions Consulting.

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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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Duke Fuqua’s Dean Wants to Recruit ‘Triple Threat’ MBA Applicants &nbs [#permalink] 16 Nov 2018, 12:00

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