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  • Calling all UCLA Anderson MBA Applicants: (2019 Intake) Class of 2021

     December 19, 2018

     December 19, 2018

     09:00 AM PST

     10:00 AM PST

    Chat with UCLA Adcoms in GMATClub Chat Room. With less than a month to R2 deadline, I hope the chat session will prove to be very helpful. Wednesday, Dec 19 @ 9AM PST
  • Yale R1 Admit is Here to Answer YOUR Questions!

     December 19, 2018

     December 19, 2018

     10:00 AM PST

     11:00 AM PST

    One of our forum members, ak99 recently got accepted at Yale SOM in Round 1. He accepted our invitation to interact with the new applicants, share his insights about the application process, and answer the queries of applicants.

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4 Podcasts to Feed Your Mind This Thanksgiving Weekend  [#permalink]

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New post 23 Nov 2018, 06:01
FROM Stacy Blackman Consulting Blog: 4 Podcasts to Feed Your Mind This Thanksgiving Weekend
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Have you finally emerged from your Tryptophan coma? If you have a hankering for some food for thought, check out these illuminating podcasts from b-schools and beyond. They cover entrepreneurship, creativity, marketing, and one of the most important aspects in all of our lives…food. Bon appetit!

Banish the office bully
Professor Bob Sutton at the Stanford Graduate School of Business has devoted his career to studying organizational behavior and dysfunction. Lately, he’s figuring out how we can avoid or deal with people who demean, disrespect and drain those around them.

In his podcast Difficult People, Sutton explains how to deal with bully colleagues, when your boss never takes the blame, and when your direct report gets on everyone’s bad side — but still brings in the money.

Where the toys are
Knowledge@Wharton is well-known for its timely and insightful podcasts. This new episode discusses what’s ahead for holiday toy sales in the absence of Toys R Us. But don’t completely discount Toys R Us just yet: The brand, which decided in October not to liquidate all of its assets, has partnered with Kroger to put seasonal merchandise inside supermarkets in pop-up stores branded “Geoffrey’s Toy Box.”

Bad mood busting
A bad mood, if it lingers, can actually damage your business. This episode from the popular $100 MBA podcast offers specific methods for digging ourselves out of a funk. Every second you spend in a bad mood hurts morale, productivity, and your bottom line. Check out this practical, step-by-step guide to dusting yourself off, putting a smile on your face, and getting back in the saddle.

Do you feel like Ethiopian tonight?
NPR’s How I Built This is a podcast about innovators, entrepreneurs, and idealists, and the stories behind the movements they built. In this episode, host Guy Raz talks with Door Dash founder Tony Xu. While in business school, Xu and his partners struck upon the idea of how to use technology to connect customers to drivers. Finally, we’ve moved beyond the ubiquitous Chinese and pizza delivery to order meals in every imaginable cuisine.

The post 4 Podcasts to Feed Your Mind This Thanksgiving Weekend appeared first on Stacy Blackman Consulting - MBA Admissions Consulting.

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Stacy Blackman | Stacy Blackman Consulting Inc | http://www.StacyBlackman.com | +1 323.934.3936
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Year End To-Do List for MBA Applicants  [#permalink]

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New post 27 Nov 2018, 12:00
FROM Stacy Blackman Consulting Blog: Year End To-Do List for MBA Applicants
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It’s nearly December—the home stretch for MBA hopefuls applying to business school in uber-competitive Round 2. With numerous deadlines hitting in early January, you’ll need to manage your time well throughout the holidays. Run through this To-Do List for MBA applicants and make sure you have every application component covered.

Right now, prepping recommenders and drafting essays make up the two most important focus areas. Here’s what you need to do to stay on track and avoid becoming overwhelmed.

#1 To-Do List for MBA Applicants: Recommender Management
Great recommendation letters are one of the most critical pieces of your MBA application. They give the admissions team much-needed third-party insight to round out your essays and resume. By now your recommenders should know your hard deadlines.

Current and recent supervisors make the best choices, because they can speak to your present-day skills, values, and work ethic, as well as future potential. If you haven’t already, it’s time to remind them of the attributes you want them to highlight in their letter.

Spell out exactly what you hope they will convey in their recommendation. MBA programs want to see examples of leadership, teamwork, and management potential. Additionally, you can make things easy for your recommender by providing a list of at least three strengths with supporting anecdotes. Remind your supervisor of your career goals as a reference.

Your recommenders want to boost your admissions chances and will welcome the guidance. Encourage each of them to submit early if possible, so you can focus on a part of the application you need to deliver — the essays.

#2 To-Do List for MBA Applicants: Essays
Ideally, you should allow six weeks for this portion of the application. Many candidates find it helpful to start by writing rough drafts that go 50% or more above the required word count. While that seems like more work, it ultimately creates a better final product. The revision process helps you hone in on the best topics or anecdotes to support your overall application.

Applicants from over-represented industries such as finance, information technology, engineering, or consulting should use the essays to focus on the aspects of your personal life that make you unique. Include hobbies, community service activities, passions and interests that make you stand out. Check out this essay tips post from admissions director Soojin Kwon at Michigan Ross School for inspiration.

If you need extra insight about what the admissions committee is looking for at your target schools, consider using one of SBC’s strategy guides.  These resources analyze the qualities that each school seeks, and help applicants understand which stories to emphasize throughout their materials.

Competition is fierce in Round 2, and it’s a tough time of the year to find extra hours. Use this knowledge to fuel your commitment to your MBA applications and put together the best materials you can.

The post Year End To-Do List for 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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How to Write a Great Career Goals Essay  [#permalink]

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New post 29 Nov 2018, 14:00
FROM Stacy Blackman Consulting Blog: How to Write a Great Career Goals Essay
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Almost every MBA application has a career goals essay, yet many candidates struggle with this question. They know they want an MBA. But they haven’t defined their goals or how earning an MBA degree will help. Remember, a goal is something you want to achieve. Thus, “I want to work in management consulting” is not a goal. How then do you go about defining your career goals?

Self-awareness about your strengths and interests will help you refine what you want. Your past experiences have likely informed your post-MBA plans. Share details in your essays about why you are interested in your specific career path. Don’t rehash your resume, though.

Think about explaining the rationale for your decisions throughout the essay. Focus only on the situations that helped you realize what you really want to do. Or, helped you to build skills that have become important to your goals.

Something Negative can Positively Impact Your Career Goals Essay
Sometimes, reflecting on low points in your career makes it easier to see which job functions you either loved or hated. Talk to colleagues and alumni who have MBAs in your field to see what your career path options are.

We tell people to tap into envy when they’re thinking of their career goals. You’re probably thinking about people doing things that you’d like to do. Ask yourself, “Who is this person? What about them would I like to emulate?” That can help you define your goals in many ways.

Also, a career path tied to your passions and interests will pique the curiosity of the admissions team.

Choose realistic yet aspirational career goals. Your post-MBA goal should be achievable and show the need for the degree. Come up with a clear, cohesive vision of your career goals, and tie it all together with your background and accomplishments. This is a great first step in a successful application strategy.

The post How to Write a Great Career Goals Essay 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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FT Ranks 2018’s Best European Business Schools  [#permalink]

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New post 03 Dec 2018, 13:00
FROM Stacy Blackman Consulting Blog: FT Ranks 2018’s Best European Business Schools
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The Financial Times has just announced the results of its annual ranking of the best European business schools. Surprisingly, interest in graduate management education in the UK continues to increase, despite Brexit turmoil. In fact, the favorable exchange due to the drop in the pound makes tuition more attractive to students from overseas. Applications to European programs beyond the UK  grew by 3.2% this year, according to the Graduate Management Admission Council (GMAC).

This list of the best European b-schools is compiled based on the Financial Times‘s rankings of individual programs—full-time MBA, EMBA, Master’s in Management, and executive education.

Both quality and quantity are required to reach the top. Schools must take part in all four rankings to be eligible for a full score, the media outlet explains, so a school that took part in only one ranking is eligible for one-quarter of the total score, and so on.

London Business School held onto the top spot for the fifth straight year as the best business school in Europe. HEC Paris, meanwhile, also ranked second in the composite ranking for the fifth year in a row.

FT’s 2018 Ranking of the Top Ten Best European Business Schools
  • London Business School
  • HEC Paris
  • INSEAD
  • University of St Gallen
  • IESE Business School
  • Universitá Bocconi
  • IMD Business School
  • Essec Business School
  • Rotterdam School of Management
  • Oxford Said Business School
The Financial Times ranking also looks at where certain business schools particularly shine. For example, it ranks Spain’s IESE tops for post-MBA salary increase. However, it’s graduates of France’s one-year MBA at INSEAD that had the highest average salary at $177,157.  The Swiss school St Gallen, meanwhile, continues its eight-year run as the best place in Europe to earn a Masters in Management.

The methodology used by the Financial Times is unique and rather complicated, so do study the ranking more closely if you’re interested in seeing how each school’s final score is generated. Read more details about this year’s best European business schools on the Financial Times website.

The post FT Ranks 2018’s Best European 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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Stacy Blackman | Stacy Blackman Consulting Inc | http://www.StacyBlackman.com | +1 323.934.3936
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Financial Times 2018 MBA Rankings for the Americas, Asia-Pacific Regio  [#permalink]

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New post 05 Dec 2018, 13:01
FROM Stacy Blackman Consulting Blog: Financial Times 2018 MBA Rankings for the Americas, Asia-Pacific Regions
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This week, for the second time ever, the Financial Times published MBA rankings simultaneously for the Americas and Asia-Pacific alongside the European tables. On Monday, we shared FT’s ranking of the best European business schools of 2018.

Today, we’re sharing a snapshot of FT’s top-ranked schools in Asia and the Americas. This list of the best b-schools in those regions is compiled based on the Financial Times‘s rankings of individual programs—full-time MBA, EMBA, Master’s in Management, and executive education. The tables use the same methodology as for Europe. However, placings for the Americas do not include the MiM as too few schools participate.

Top Ten Business Schools: Americas
  • Wharton School
  • MIT Sloan School of Management
  • Columbia Business School
  • Chicago Booth School of Business
  • Michigan Ross School of Business
  • UCLA Anderson School of Management
  • Duke Fuqua School of Business
  • Washington University: Olin Business School
  • Stanford Graduate School of Business
  • Harvard Business School
Top Ten Business Schools: Asia-Pacific
  • Antai College of Economics and Management, Shanghai Jiao Tong University
  • CEIBS
  • National University of Singapore Business School
  • IIM Ahmedabad
  • HKUST Business School
  • Singapore Management University: Lee Kong Chian
  • Nanyang Business School, NTU Singapore
  • IIM Bangalore
  • University of Hong Kong
  • Tongji University School of Economics and Management
“The biggest climbers since last year’s inaugural Americas list are not those that rely on the full-time MBA, but those business schools that have proved adept at providing courses that fit in with student demands for greater flexibility in the way they learn,” explains the FT’s Jonathan Moules.

Most noteworthy, Washington University’s Olin Business School cracked the top ten this year.  Olin jumped nine places—taking it from 17th in 2017 to eighth place in 2018. The FT explains the move is based on the strength of its EMBA program.

Stanford Graduate School of Business, meanwhile, ranks ninth in the Americas due to the simple fact it does not offer a part-time EMBA program. Nonetheless, Stanford GSB remains at the top of FT’s global MBA ranking this year. Harvard Business School is similarly dinged because it doesn’t offer an EMBA alternative.

“There are success stories in business education in the Americas, despite the difficult US market for full-time two-year MBA programmes,” Moules notes. For this reason, he adds, “The winners are those that follow the business rules that it always helps to be alert to changes in a market and adapt to the inevitable shifts in consumer tastes.”

You can read all of the details about this year’s best Asian and American business schools on the Financial Times website.

The post Financial Times 2018 MBA Rankings for the Americas, Asia-Pacific Regions 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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Highlight International Experience on Your Resume, Advises Darden Admi  [#permalink]

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New post 07 Dec 2018, 12:01
FROM Stacy Blackman Consulting Blog: Highlight International Experience on Your Resume, Advises Darden Admissions Director
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Have you already logged significant international work experience or education before business school? If so, you are three steps ahead of the game. B-school admissions committees love applicants who show curiosity about the world at large.

International experience is not usually an explicit requirement for admission. But, having meaningful exposure to life outside your home country does make you more desirable as an MBA applicant.

Tweak Your Resume to Highlight International Experience
A new video blog post from UVA Darden School MBA Admissions Director Dawna Clarke drives home this important point. “Noting your international experiences on your resume can help set you apart,” says Clarke.



Her resume lists all the countries she has visited, Clarke says. This detail often serves as a conversation starter with people who have had similar experiences.

Create a section on your resume called “Global Exposure,” Clarke advises. Here, you can list the countries where you’ve studied, worved, or traveled. Also, mention any foreign languages you speak, or other relevant experiences abroad.

Having a broader perspective of global business issues gives you a unique viewpoint to share in class discussions and team projects. It also expands your network as you tap into professional associations with your contacts in other countries.

Recruiters see students with global experience as having marketable job skills, Clarke confirms. These skills include adaptability, leadership, cultural awareness and communication and language abilities.

What to Do if Your International Experience is Limited (or non-existent)
But what can you do if you haven’t traveled much? Try highlighting relevant experiences working with individuals from other countries and cultures.

If you have the time before applying, explore international volunteer opportunities. Or, research continuing education study abroad programs. Consider taking on a work project with international offices or teams.

Rest assured, your application likely won’t be rejected due to a lack of international exposure if every other component is compelling and strong.

In your essays, reference your enthusiasm for the school’s diverse culture. Talk about your plans to pursue study abroad programs. Mention your interest in any clubs or student groups that will increase your cross-cultural awareness.

As long as you can show your intent to expand your mindset and increase your international exposure during business school, you should be fine.

The post Highlight International Experience on Your Resume, Advises Darden Admissions Director 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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Yale SOM Advice for Round 2 MBA Applicants  [#permalink]

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New post 10 Dec 2018, 12:01
FROM Stacy Blackman Consulting Blog: Yale SOM Advice for Round 2 MBA Applicants
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A frequent question Yale School of Management’s Bruce DelMonico has received from nervous Round 2 MBA applicants is how to tell their personal story. Getting a better sense for what applicants care about in the world is a primary goal. If you’re preparing to apply to Yale SOM on January 7th, don’t miss this crucial advice.

What is the Yale SOM Admissions Committee Looking For?
“This is a difficult question to answer, because what makes someone stand out can be vastly different from candidate to candidate,” says DelMonico. In essence, Yale SOM wants to understand the impact you’ve made, both in your personal and professional life.

The admissions team would like to know how you hope to lead, and about your ability to collaborate. “We are also interested in finding students who will be engaged community members both here at Yale and in their future organizations,” he adds.

SBC Says: One of the biggest mistakes we see applicants make is assuming that the surest route to business school admission is playing it safe and doing what “everyone else” does.

Remember: no two people are the same, and that’s a good thing! The key to a successful MBA application is showing exactly what you—and nobody else but you—can bring to the program. So listen up Round 2 MBA applicants! Don’t be afraid to let your originality and your true personality come through in your materials.

Will a Low GMAT Score/GPA Doom My Application?
While the Yale SOM admits only those who can handle the rigors of the MBA program, low scores will not automatically disqualify you. “While our median undergraduate GPA for the class of 2020 was 3.71, the full range was 2.99 to 4.0. Similarly, our median GMAT score was 730, but the range was actually 540 to 780,” DelMonico explains.

“I tell you this to say that we take a very broad approach to reviewing applications; a single data point such as a GPA or test score will not be dispositive to an application.”

SBC Says: Whether your lower-than-desired score is a result of illness, test anxiety, or just plain insufficient prep time, don’t let it throw you off your game. Make peace with the fact that it’s totally normal to take the GMAT more than once. In fact, I typically advise clients to plan for two attempts at the GMAT, leaving a buffer for a retake if needed.

If your score hasn’t improved significantly despite two or more attempts, don’t beat yourself up over it. Turn your focus to taking a broader look at your entire application strategy. The GMAT score foretells how well one would do in the core academic courses of an MBA program. However, it isn’t a predictor of success throughout the entire b-school experience. This is why most schools have a holistic approach to considering each application.

When it comes to poor undergrad academic performance, the most important thing is to show exceptional focus and leadership skills in your career. Openly acknowledge to the admissions committee the reason or reasons for your lackluster college GPA.

Best Essay Tip for Round 2 MBA Applicants
The essay question for this year is, Describe the biggest commitment you have ever made. DelMonico’s advice is straightforward: write about a single commitment, how you approached it, and the behaviors that supported it.

“Select a commitment that truly fits who you are,” he advises. “Whether that commitment is personal or professional, you should be less concerned about what we want to hear and instead focus on being honest with yourself in selecting and describing the commitment that has been most significant to you.”

Finally, DelMonico urges applicants to avoid addressing your career goals or Why Yale? within the essay. Don’t recount your resume either. You can cover those subjects in other parts of the application.

SBC Says: Try to be as specific as possible about your commitment and why it qualifies as the biggest commitment you have ever made. What did you think or say when you were determining what to do? What did you actually do? How did you feel about the result?

Yale is a program focused on making a difference in the world.  The subject you choose will tell the admissions committee what you value, ideally something that impacts the greater community or world. Regardless of whether you choose an individual or team commitment, try to show how you have made a significant positive impact.

Take a look at assistant dean for admissions Bruce DelMonico’s original post for more answers to common application questions. Good luck to all Round 2 MBA applicants!

The post Yale SOM Advice for Round 2 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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Waitlisted MBA Applicants are Still in the Game  [#permalink]

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New post 12 Dec 2018, 12:00
FROM Stacy Blackman Consulting Blog: Waitlisted MBA Applicants are Still in the Game
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As we approach decision time for Round 1, many applicants will end up being waitlisted. While few candidates celebrate landing on the waitlist, don’t give up hope. First of all, waitlist status by your target school is definitely a good sign. You’re someone they would like to have in the class, but something is holding up a final decision.

Perhaps your profile is near-identical to someone who they did admit. In this case, the admissions team wants to carefully balance the class and needs to see other candidates in subsequent rounds. Or, your application might have a weakness that’s giving the admissions committee pause.  If the latter is true, there may be steps you can take to increase your chances of admission.

Should I Stay on the Waitlist?
Ultimately, the decision to stay on the waitlist depends on your interest level in that particular MBA program. If it’s your top choice, you may want to remain on the list until school begins. This could mean moving quickly and giving up a deposit on a school that has offered you firm admission.

If the program is not your first choice, or you would like to settle your MBA plans before school starts, you may choose to remove your name from the list. If that’s the case, do so promptly and give someone else a chance at their MBA dream.

Take Note of Each School’s Waitlist Policy
It is important to follow the rules, so make sure you understand your school’s waitlist policy. Some schools ask that you refrain from submitting additional materials. But most schools allow and even encourage meaningful updates. Find out if your schools publish webinars with advice for waitlisted applicants, or offer application feedback.

Improve Your Odds While Waitlisted
The top three reasons candidates get waitlisted are unclear post-MBA goals; low test scores or GPA; and lack of quantitative preparation.  Esther Magna, a principal here at SBC, recently shared her waitlist advice with Find MBA.

She counsels applicants to do some self-reflection in order to discover any weakness in their application, such as a low GMAT score or  ineffective essays, that could make the admissions team hesitant to offer them a place.  The key is to identify and take action on them, she says. When deciding what improvements merit an update to the admissions team, Manga says, “A promotion, raise, or an award is almost always a useful piece of information to share.”

She also notes that sometimes, demonstrating a firm commitment to the school can also help your odds. One SBC client applying to Duke’s Fuqua School of Business turned a waitlist decision into an admit by sending the admissions team a picture of his child wearing a Fuqua shirt. “Some programs are ‘suckers’ for kids,” Magna says.

What Not to Do When On the Waitlist
No matter which school’s waitlist you may land on, make sure every interaction you have with the admissions department adds value to your file. Exercise restraint in communications, but also convey your enthusiasm whenever possible, as they want to be sure you’ll say yes if admitted. An information overload will likely have a negative effect on your candidacy, so use your good judgement here.

Finally, to all those waitlisted candidates out there, take heart. You wouldn’t be on the wait list if you were not someone they thought could be a great addition to the class. Hang on and stay strong—and positive—as you wait out this last leg of the MBA admissions process.

The post Waitlisted MBA Applicants are Still in the Game 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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What to Consider When Thinking About the ROI of an MBA  [#permalink]

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New post 14 Dec 2018, 11:00
FROM Stacy Blackman Consulting Blog: What to Consider When Thinking About the ROI of an MBA
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An MBA at a top-ranked business school doesn’t come cheap. If you’re thinking about the ROI of an MBA, ask yourself these three questions. Will an MBA help if you plan to change careers? Do you expect to receive a large salary boost with the degree? Can an MBA accelerate your path to a leadership position?

Paying $100K+ to earn an MBA sounds painful, but most business school graduates experience a substantial salary increase. Plus,the majority report having greater job satisfaction and the ability to advance quickly and, thus, earn more in shorter time.

But First…Why Go for an MBA?
Ask yourself what you plan to do after your MBA. If you know what your long-term goal is, that’s a great way to start. What do you need to know to accomplish that goal? How does your resume need to look? What skills do you need to build? And who do you need to know? Think about the aspects of that future that will be developed through your MBA and your short-term post MBA career.

How to Calculate Return on Investment
Students of two-year MBA programs 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 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.

Top MBA has an easy formula you can use to sketch out your ROI post-MBA, and 10 years down the line. But keep in mind, the value of the MBA degree varies depending on your post-graduation plans. The brand of the business school where you earn the degree is also a factor.

“Transformation” is a Key Component of the ROI of an MBA
When it comes to deciding whether business school makes sense for you, remember that the choices you make – ranging from the cost of the city you decide to live in, the field you move into, the school you choose – will all impact your financial return on investment.

Your personal return on investment, however, is something quite different. Transitioning into a lower-paying but more rewarding job may be well worth it. You can’t measure that kind of personal satisfaction in dollars and cents.

““It is a transformative experience that enables an engineer to become a financier, a high school teacher to become a marketing executive, or an auditor to become a mergers and acquisition specialist for a top corporation,” Paul Danos, former dean of Dartmouth’s Tuck School of Business, once said. “I know of no other educational experience that can match the total value proposition of a 2-year full time MBA.”

The post What to Consider When Thinking About the ROI of an MBA appeared first on Stacy Blackman Consulting - MBA Admissions Consulting.

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MBA blogger, US News and Author, The MBA Application Roadmap

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Will You Visit Campus Before Applying? Don’t Worry, it Won’t Make or B  [#permalink]

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New post 18 Dec 2018, 12:01
FROM Stacy Blackman Consulting Blog: Will You Visit Campus Before Applying? Don’t Worry, it Won’t Make or Break Your Admissions Chances
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You might have experienced a moment of panic as you began to work on your MBA applications for Round 2. It may have occurred after you took note of the January deadlines. And it could have gone something like this: “Wait a second — I won’t have time to visit campus before my materials are due! Does that put me at a disadvantage?”

The answer is no. If you couldn’t sit in on a class or take a campus tour of a program before it’s time to submit your application, you won’t get dinged for it.

In fact, international applicants definitely don’t have to fret over this. No admissions committee member expects candidates to shell out thousands of dollars for a multi-day trip to their school before they’re even admitted. You’re going to pay enough money for tuition as it is!

The same logic applies for cross-country applicants in the United States. Adcoms understand that it may be impossible for you to take time off of work — much less afford — to visit a campus that’s hours and hours away.

Why You *Should* Visit Campus
But, if it’s financially workable and fits into your schedule, we always recommend a campus visit. Here’s why:

1) Many applicants look at the business school rankings and make decisions on where to apply. However, walking across a campus, sitting in on a class and interacting with students can greatly influence your decisions.

2) When you visit the school, you develop a better understanding of the school’s culture. This is sure to come through in your essays and interview. While others will be referencing the school website, you can site specific first-hand experiences. You will meet people and have specific experiences that you can highlight throughout your essays and interview. This adds color and individuality to your application.

3)  It definitely shows strong interest in a program when you make the effort to visit. This is particularly true if you are traveling a long distance.

4) Occasionally, on a school visit you can hit the jackpot and meet with a member of the admissions committee or other influential person and really impress them!

5) If you are fortunate enough to be admitted to several top schools, a visit often can help you decide where to attend.

How to Make the Most of a Campus Visit
If you do decide to visit, you should call the admissions office ahead of time and ask them about the following opportunities:

1) Can you sit in on a class?

2) Can you go on a tour of the school?

3) Are other types of information sessions available?

4) Can you interview on campus?

Thus, you are making it known that you are visiting and doing your best to take full advantage of this experience. Dropping in unexpectedly is discouraged because you will not be able to make the most of your visit.

If at all possible, you should make arrangements to stay with a current student. Perhaps you have a friend, or a friend of a friend who is a student. Doing this will allow you to see the more informal side of the school and help you to meet current students.

Finally, enjoy yourself and keep an open mind. This is a fun opportunity to start planning a very exciting next step in your life.

For more on this topic, check out my US News article, Make the Most of Your B-School Campus Visit.

The post Will You Visit Campus Before Applying? Don’t Worry, it Won’t Make or Break Your Admissions Chances 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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