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Stacy Blackman Consulting Blog

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What Does the AdComm Really Think About Round 3?  [#permalink]

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New post 01 Mar 2019, 08:01
FROM Stacy Blackman Consulting Blog: What Does the AdComm Really Think About Round 3?
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Round 3 deadlines are nearly upon us, and while the final round is the biggest gamble of the application cycle, schools have that round for a reason and use it to admit those stellar students that add something really special to their classes.

Special meaning unusual work experience, substantial community service, a diverse background, compelling leadership examples, unique or uncommon interests outside of business or entrepreneurial success of some sort.

Here’s a sampling of reactions from the admissions teams at well-ranked MBA programs on whether Round 3 really is a viable option for applicants.

Yale School of Management
“I often get asked if it makes sense to apply in Round 3,” says Assistant Dean for Admissions Bruce DelMonico in this recent blog post.  “While it is consistently our smallest round, we do still receive very strong applicants who end up gaining admission and becoming strong contributors to our community.”

DelMonico echoes advice we tell our clients: only apply when your application is as strong as possible. You must feel ready to take on the rigors of an elite MBA program.  Make sure you’re crystal clear on why the degree makes sense for you professionally and personally.

He also reminds those who apply in the final round that they must be ready to begin their MBA just a few months after receiving  an offer of admission. In other words, get ready to uproot everything with little time to spare.

With that said, “If you apply Round 3 and your decision is not favorable, no harm done. We encourage those students to refine their applications and reapply the next year,” DelMonico explains.

The round three deadline at Yale SOM is coming up on April 16, 2019.

Duke Fuqua School of Business
Fuqua is on a mission to dispel some of the most persistent misconceptions about applying in round three. In fact, we recently featured one second-year Fuqua student’s personal journey as a final round applicant. Here’s what the admissions team would like potential applicants to know:

“Each year, these final applications help to round out and complete our class, and they’re an essential part of the admissions life cycle. Again, it all comes down to your readiness—and if Round 3 feels like the right time, we encourage you to go for it.

If you are applying in Round 3 it’s important to help the admissions team understand your timing. Sometimes that’s related to a work project. Maybe you needed more time to prepare your application because you took the GMAT or GRE multiple times hoping to get the score you were seeking prior to applying.

Or perhaps it’s simply an epiphany you had recently about where you want to be in the next two to five years. Whatever the case, make it clear in the application what that catalyst was and why this timing is right.”

The round three deadline at Duke Fuqua is coming up on March 20, 2019.

UT McCombs School of Business
“Our goal in all of our programs is to build the best and most diverse class that we can, NOT to fill all of our seats as fast as we can. So the best time to submit your application is when you are ready to do so, when you’re confident it will be the best representation of you and your fit with the program. You can trust that we’ll be ready to start the review process,” the admissions team writes on the McCombs MBA Insider blog.

The round three deadline at McCombs is coming up on April  2, 2019.

Michigan Ross School of Business
And finally, admissions Director Soojin Kwon gives these three, succinct reasons to apply in Round 3.

  • We reserve space in the class for Round 3.
  • We like Round 3 applicants. Last year, some of our best students – academically and leadership-wise – were admitted in Round 3.
  • There’s no chance of being admitted if you don’t apply.
The admissions team also has a Round 3 App Tips webinar with tips on how to pull together a successful app for the final round.

The round three deadline at Michigan Ross is coming up on March 18, 2019.

SBC’s Advice for Round 3 Applicants
You should definitely use the required or optional MBA admission essays to explain your reasons for waiting until the third – or final – round to apply. You don’t want anyone to jump to the conclusion that you are using round three as a last-ditch effort to get into business school in the fall after receiving rejections from other schools in earlier rounds.

With fewer slots available, fine-tune your focus on schools where you’ll be a compelling candidate. A strong, well-thought-out application is critical. Make sure your academic profile aligns with the school’s median GMAT and average GPA. Also, consider whether you add something special to the class that the admissions committee didn’t see earlier in the season.

Standing out from the pack is imperative, and never more so than when applying later in the game. As I mentioned in this US News blog post, if you want to do well in the admissions process, you have to communicate who you are, not just what you do.

Finally, it’s important to have a Plan B in case things don’t go your way. You can always apply to a set of schools in round three knowing there is a good chance you will need to reapply to them and add in some new ones next season.

The post What Does the AdComm Really Think About Round 3? 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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P&Q Names Top MBA Programs for Entrepreneurship  [#permalink]

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New post 04 Mar 2019, 14:01
FROM Stacy Blackman Consulting Blog: P&Q Names Top MBA Programs for Entrepreneurship
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Are you itching to start your own company and wondering which business schools would best help you achieve that dream? This week, Poets & Quants announced the results of their 2019 survey of the top MBA programs for entrepreneurship.

Granted, the best programs acknowledge that they don’t actually create entrepreneurs—they merely nurture innate ability. More than 1 in 10 business school alumni are self-employed, and the longer they’ve been out of business school the more likely they are to have taken an entrepreneurial career path, previous Graduate Management Admission Council surveys have shown.

These are the programs that offer a broad range of courses in entrepreneurship, as well as  significant opportunities for networking with established entrepreneurs, launching start-ups, and developing the skills needed to start successful businesses.

Top MBA Programs for Entrepreneurship
1. Babson College (tie)

1. Stanford Graduate School of Business (tie)

3. MIT Sloan School of Management

4. Harvard Business School

5. Wharton School

6. USC Marshall School of Business

7. Michigan Ross School of Business

8. Chicago Booth School of Business

9. UV Darden School of Business

10. Rice Jones Graduate School of Business

So what methodology does P&Q use, and how does it compare with other popular rankings? “We at Poets&Quants take a dollars-and-cents look at business school success in the startup space,” explains editor-in-chief John A Byrne. “One clear takeaway from the 2019 list is that access to capital for a young MBA entrepreneur is brand dependent. In general, the better the business school brand, the more likely it will help you raise funding for your idea.”

Why an MBA Makes Sense for Entrepreneurs

B-school will teach you how to run and grow a company – not just launch it. Many entrepreneurs have failed at getting their business idea off the ground precisely because they didn’t have some of the necessary tools in their arsenal that they would have learned at business school.

You have to be able to transition your idea into an actual business. It might be a startup, but you want it to grow – and last. More than many other business roles, an entrepreneur needs to know a little bit of everything. Even if you start a tech company, someone has to do the accounting, know how to market your product or service and act as a leader for the team.

If you choose a business school that relies heavily on the case method, you’ll likely learn from others’ successes and mistakes about growing too quickly. Also, those classes in human resource management, business law or venture capital financing could help you head off some thorny workplace issues later on.

We’ll leave you with these words of wisdom from Alejandro Cremades, author of The Art of Startup Fundraising:

“Business success requires business preparation. You don’t have to be a master tactician, but you do need to have a plan in place. This plan will act as a foundation for everything you want to achieve.”

The post P&Q Names Top MBA Programs for Entrepreneurship 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

Stacy Blackman Consulting Representative
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Joined: 03 Nov 2010
Posts: 1381
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Yale SOM Names New Dean, Economist Kerwin Charles  [#permalink]

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New post 07 Mar 2019, 14:00
FROM Stacy Blackman Consulting Blog: Yale SOM Names New Dean, Economist Kerwin Charles
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Yale University has tapped University of Chicago economist Kerwin Charles as the next Indra K. Nooyi Dean of the Yale School of Management, effective July 1, 2019.

Charles, the first dean of color at the SOM, follows one of the most successful b-school deans of his generation.

University President Peter Salovey’s announcement comes almost exactly a year after popular SOM Dean Edward Snyder revealed that he would step down this summer at the end of his eight-year tenure.

“I am confident that Professor Charles, a renowned economist and award-winning educator, will advance SOM’s role as a global center for the study of business and prepare our students for the challenges and opportunities of a complex interconnected world,” Salovey said.

Charles earned his Ph.D. from Cornell University.  He later joined the University of Michigan as a faculty member in the Gerald R. Ford School of Public Policy and the Department of Economics. In 2005, he moved to the University of Chicago and its Harris School.

Indra Nooyi noted in the announcement that Charles understands the core beliefs of the SOM community. Namely, that businesses can accomplish more through understanding the intersection points between business and society.

She said Charles’ research interests in labor economics; economic inequality; and racial and gender discrimination demonstrate his willingness to take on the “most daunting and meaningful challenges.”

In an email to the Yale Daily News, Snyder also expressed his delight in Salovey’s announcement and added that Kerwin Charles will have “a profound impact on SOM, the Yale community and beyond.”

When Charles assumes the deanship in July, Snyder will return to full-time teaching and research at the School of Management.

The post Yale SOM Names New Dean, Economist Kerwin Charles 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

Stacy Blackman Consulting Representative
User avatar
Joined: 03 Nov 2010
Posts: 1381
Location: Los Angeles, CA
Do This, Not That, if You’re Reapplying to Business School  [#permalink]

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New post 08 Mar 2019, 09:01
FROM Stacy Blackman Consulting Blog: Do This, Not That, if You’re Reapplying to Business School
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Many business schools, even the most elite and well-ranked ones, welcome re-applicants. Reapplying shows you are very serious about your interest in the program, as this Tuck School blog post affirms. The best way to approach the process when you’re reapplying to business school is to highlight how you have improved your candidacy.

Take a closer look at the following aspects of the MBA application package to determine where you should focus your energies to improve your odds next time around.

Decide How Many and Which Programs to Target
If you received multiple dings in your first application attempt, add new programs next time you’re reapplying to business school. You might have applied to ones that didn’t match up well with your profile. Make sure your focus is on fit over brand strength, and match your preferred learning style to the school’s style of instruction.

Do: Apply to at least four schools to maximize your chances of success. These programs should represent varying levels of competitiveness.

Don’t: Apply to too many schools – usually six or more – believing that hedging your bets in this way will guarantee admission somewhere. While that strategy sounds logical, in reality your efforts will become diluted with each successive application. There just won’t be enough passion there to sway the admissions committee.

Do: Include your dream school in the mix. It may be a real reach, but go for it anyway and you’ll have no regrets later.

Tweak Letters of Recommendation
Unsuccessful applicants sometimes don’t realize that the rejection occurred because their letters of recommendation came across as weak endorsements at best.

Do: Make sure whomever you ask is willing to write a very compelling recommendation for you. Since it’s not a given that you’ll see the letter once it’s written, it’s perfectly OK to come right out and explicitly ask for what you need.

Don’t: Choose a recommender for superficial reasons. I’ve seen too many applicants dinged for committing this mistake. Asking the president of a company, an alum of your dream school or any other bigwig won’t do you any good if they cannot speak intimately and enthusiastically about your many virtues

Do: Remind your recommenders to address specific examples of your accomplishments and leadership abilities. Also, they should discuss your work ethic or team-building skills. Writing a strong endorsement requires some effort, so make it easy for your recommender by providing a list of the accomplishments you want to highlight.

Pump Up Your GMAT
Business schools always stress that test scores are just one metric of admissions decisions. But they are important, because the admissions committee has to make sure the people they accept can handle the quantitative work.

If your initial scores don’t come close to those of an average student’s at the schools you’re applying to, you need to make significant gains on your GMAT score in subsequent sittings or have other, extremely impressive qualifications when reapplying to business school.

Do: Allow time to take the exam again. Nerves or lack of preparation might have torpedoed your first effort.  The familiarity of taking it a second or even third time will often lead to a higher score.

Don’t: Wait until the last minute to take your GMAT. Take care of it early in the year, before you have to juggle the other aspects of the application.

Do: Consider alternative preparation methods to see if they yield better results. If you studied on your own last year, see if a formal class or working with a GMAT tutor helps you improve your weak areas more efficiently.

Don’t: Cancel a score when the option appears upon completing the test, even if you’re pretty sure you’ve blown it. Schools will evaluate your highest score, so don’t worry about a low score reflecting negatively on you.

That initial score provides valuable feedback about your testing strengths and weaknesses. You may also find out that your performance was not as bad as you imagined.

Rock Those Essays
Sometimes applicants get hung up on writing the “perfect” essay. In reality, they should focus on writing a compelling essay instead.  Candidates must really do their homework about the schools they have targeted. By doing so, they can create compelling essays that convince the adcom how the program will help them reach their career goals. This also predicts how they would contribute to the school as students and eventual alumni.

Do:  Use the additional essay to explain what’s changed in your situation to make you a stronger candidate when reapplying to business school. Make sure to address both professional and personal advancements, but show that you are realistic and self-aware. Revealing your humanity in the form of quirks, weaknesses and flaws can often help the admissions committee to like you.

Don’t: Recycle essays from the first time around, and don’t use the same essay for multiple schools. At best, the byproduct of being all-inclusive is that you will sound generic. At worst, you might accidentally leave the wrong school name in the essay. Trust us, you’ll get rejected out of hand for your lack of attention to detail.

Finally, take comfort in knowing many people in business school right now were dinged the first time they applied. The MBA admissions process requires resilience, so take some time to recover, reassess and dive back in.

The post Do This, Not That, if You’re Reapplying to Business School 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

Stacy Blackman Consulting Representative
User avatar
Joined: 03 Nov 2010
Posts: 1381
Location: Los Angeles, CA
Targeted Strategies for Female MBA Applicants  [#permalink]

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New post 08 Mar 2019, 11:01
FROM Stacy Blackman Consulting Blog: Targeted Strategies for Female MBA Applicants
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Today is International Women’s Day—a perfect opportunity to discuss targeted strategies for female MBA applicants. As an MBA, entrepreneur and businessperson, I know that women can more than handle business school and the application process just as well or better than anyone.  Stereotypes do persist, however. In reality, women pursuing graduate management education are still an underrepresented demographic on campus.

Enrollment Outlook in 2019
Thankfully, the outlook has improved over the past decade. Women now make up 43% of Harvard Business School’s Class of 2019; they also represent 43% of the incoming class at the University of Pennsylvania’s Wharton School; and Stanford Graduate School of Business reported female enrollment at 41% for the Class of 2019.

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

While you’ll also want to attend general information sessions, these diversity events can help shape your school selection process. Here, you’ll meet and network with other prospective students, current students, alumni, and faculty. You can also ask questions about the specific opportunities for woman in the MBA program.

Self-Confidence is Key
When putting their application together, female candidates have to make sure that they exude confidence. The admissions committee shouldn’t have any doubt about whether the applicant will raise her hand and contribute to the classroom discussions that form a crucial part of the MBA learning experience. Essays, interviews and recommendation letters should indicate a high comfort level with speaking out, defending points of view, and collaborating with all types of people.

Another area of potential weakness, particularly for women who majored in the liberal arts for undergrad, is demonstrating strong quantitative skills. The admissions committee wants to make sure you can handle the MBA course load. A solid GMAT score, supplemented by additional finance, calculus, or statistics classes taken at the local community college, will go a long way toward proving you have the bona fides to succeed.

Try not to become intimidated by all of the amazing things your fellow applicants have accomplished and second-guess the value of your own strengths and experiences. Focus instead on what makes you unique, and how you plan on contributing to the MBA community once admitted.

During the MBA interview, female candidates frequently begin their answers with a disclaimer that reveals their insecurities and detracts from any positive information that follows. Don’t downplay achievements for fear of coming across as bragging. There’s a difference between boasting and conveying your skills and accomplishments with pride. Confidence without attitude is what you’re aiming for.

Don’t Let the Expense Scare You Off
Finally, women shouldn’t let the financial expense of business school be a barrier to pursuing an MBA degree. Look into all of the resources—loans, scholarships, employee sponsorships, fellowships, work-study options—that can offset the high cost of an MBA.

Take a long view of the return on investment your target schools provide. Many candidates find they can pay off their student debt within five years of graduating. With the right financial aid package, it’s possible to attend almost any business school.

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

Image credit: WOCinTech Chat (CC BY 2.0)

The post Targeted Strategies for Female 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

Stacy Blackman Consulting Representative
User avatar
Joined: 03 Nov 2010
Posts: 1381
Location: Los Angeles, CA
Is MBA Admissions Fraud-Free?  [#permalink]

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New post 14 Mar 2019, 12:01
FROM Stacy Blackman Consulting Blog: Is MBA Admissions Fraud-Free?
This week, the FBI indicted 50 individuals—including celebrities, CEOs, college coaches, and test administrators—in a massive college admissions fraud scheme. By all accounts, this is most egregious cheating scandal in the history of higher education.

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It’s no secret that corruption can exist in every institution, at any level. There’s fertile ground for fraud whenever you have outdated systems with loopholes. Someone will always find a way to manipulate the system with money, connections, and/or criminal activity.

At the college level, you’ll find loopholes via “back channels” like athletics. Here, a broker (e.g. college coach) will have a side conversation with admissions to boost their applicant. That’s a weak system that countless candidates have exploited.

What about in business school admissions?
Less brokering occurs at the MBA level, but tales of admissions fraud do exist. Merit-based systems have a greater level of checks and balances for these applicants, however. It’s easy to do a “sanity” check to see if the GPA, college degree, GMAT, work rigor etc., logically align.

The MBA version of “Varsity Blues” could touch on the legitimacy of the some of the rankings reports. Another sensitive topic might concern whether the in-house relationship managers at traditional feeders such as management consulting firms and private equity shops give their employees an advantage by networking with MBA admissions—that’s all fair and legit, though. In fact, we know of many applicants from these feeder firms who don’t get in, despite having the back channeling benefits.

There’s less parental desperation and involvement in the MBA space, though we do see some epic helicopter parenting. We’ve had conference calls with the child of a billionaire and their team of handlers discussing how an unqualified kid can get into HBS, and what sums of money are involved. While unfair, it’s not illegal. Still, that’s an aspect of the application process we walk away from, and focus exclusively on crafting the strongest possible package.

What’s Stacy’s take on MBA admissions fraud?
Here at Stacy Blackman, we often connect with adcomm representatives at top schools for intel and insight. But we never have a conversation about a particular applicant. Maintaining ethical standards is a top priority at SBC and any attempt at admissions fraud is dead on arrival.

In almost 20 years, no one has asked me to do anything fraudulent. But that doesn’t mean it’s not happening. I am sure it is, though it’s more difficult with smaller classes, fewer back doors like athletics, etc.

Likewise, SBC Principal Esther Magna recalls only a few instances of special treatment during her nine years with the company. Special treatment meaning privileged applicants with good—but not stellar—profiles.

“We’ve seen some offspring from big donor families get a magical admit into top 3 programs due to the influence of the donation,” she says. Similarly, a super heavy hitter, i.e. influential alumnus, going to bat for an applicant can be a dealmaker through the MBA admissions process.

“The vast majority of MBA applicants from big donor families actually are highly competitive,” says Magna. “So it’s not surprising when they get into Harvard, Wharton, or Stanford.” More surprising, Magna says, is how many children from big donor and/or legacy families get dinged without interview, or even a courtesy interview.

“Not one inquiry over the years, and I speak with about 1,000 per year, has asked me or even hinted about paying off a test taker/ broker/ admissions person,” Magna says. “These activities may exist at the black-market level, but not at the visible level like ours.”

This will likely become on ongoing conversation on fairness, privilege, ethics, and the win-at-all-costs ethos in academic admissions. We’ll weigh in on those issues again in this space in the future.

The post Is MBA Admissions Fraud-Free? 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

Stacy Blackman Consulting Representative
User avatar
Joined: 03 Nov 2010
Posts: 1381
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US News 2020 Ranking of Top B-Schools  [#permalink]

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New post 15 Mar 2019, 11:00
FROM Stacy Blackman Consulting Blog: US News 2020 Ranking of Top B-Schools
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U.S. News & World Report has announced its ranking of the 2020 Best Graduate Schools, and in the business school category, the University of Pennsylvania’s Wharton School takes the sole No. 1 spot for full-time MBA programs for the very first time.

Wharton moved up two spots in the US News 2020 ranking after demonstrating high employment rates, starting salaries and bonuses for its graduates. Stanford Graduate School of Business also improved its rank to come in at No. 2.

Harvard University – the previous No. 1 full-time MBA program for three years running – ties at No. 3 along with University of Chicago’s Booth School of Business and MIT Sloan School of Management. Here’s a look at the order line up in the new ranking:

US News Top Ten Best Business Schools
1. Wharton

2. Stanford GSB

3. Harvard Business School (tie)

3. MIT Sloan School of Management (tie)

3. Chicago Booth School of Business (tie)

6. Kellogg School of Management (tie)

6. UC Berkeley Haas School of Business (tie)

9. Yale School of Management

10. Duke Fuqua School of Business

Methodology of the US News 2020 Ranking
Factors that go into rankings include test scores, starting salaries and employment rates after graduation. Rankings come from statistical surveys of the programs, as well as reputation surveys sent to 475 AACSB-accredited MBA programs between fall 2018 and the beginning of 2019.

A total of 367 responded for the US News 2020 ranking. Of those, US News ranked 131 because they provided enough of the required data on their full-time MBA program to calculate the full-time MBA rankings, based on a weighted average of the indicators described below.

Last year, US News reduced the value of reported GPA, GRE and GMAT scores for full-time and part-time MBA programs and GRE scores in the education rankings if less than 50 percent of an entering class submitted these scores. US News believed this lack of data means the scores are not representative of the entire class.

MBA rankings are a tricky subject
For an analysis of this year’s rankings, check out this story by editor-in-chief John A. Byrne at Poets & Quants. Byrne shares what he considers the ten biggest surprises in the new US News ranking.

Most applicants put an enormous amount of credence in rankings when making their school selections, but the results aren’t always as clear-cut as they seem.  Over at Find MBA, Seb Murray has a great piece today on why MBA rankings are set for a rethink.

It’s important to remember that the various media outlets publishing this information each have a specific focal point, which often differs from their competitors.  At times, it can feel more like an “apples and oranges” comparison.

We encourage prospective applicants to think hard about the data points that are important to your own career path when determining the value of a particular ranking. You don’t have to go to the best business school of all. Just figure out which MBA program is the best one for you.

The post US News 2020 Ranking of Top B-Schools appeared first on Stacy Blackman Consulting - MBA Admissions Consulting.

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MBA Applicant Reality Check  [#permalink]

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New post 18 Mar 2019, 14:01
FROM Stacy Blackman Consulting Blog: MBA Applicant Reality Check
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When it comes to making mistakes on a business school application, there are many places where candidates can run afoul and ruin their chances at admission. The road to an MBA contains countless potential pitfalls.

You might  input the wrong school name or otherwise failing to proofread. You could have generic essays designed to impress rather than reveal. Applicants often err by choosing recommenders based on their titles, not their relationship with them.

However, there are also more process-oriented mistakes students make – and ways to avoid them. Time for an MBA applicant reality check to help you sidestep the most common blunders.

MBA Applicant Reality Check #1: Unrealistic School Selection

There’s a lot of hype around the top b-school brands.  Of course most applicants dream of earning their MBA at Harvard or Stanford. But the cold, hard truth is that these schools admit a tiny fraction of applicants each cycle.

Harvard Business School admitted about 10 percent of applicants to the class of 2020. Stanford acceptance rates hover around a mere 6 percent. UC Berkeley Haas School of Business or MIT Sloan School of Management are only a tad less competitive, with acceptance rates of about 13 percent and 12 percent, respectively.

This doesn’t mean you should abandon all hope of attending one of the world’s best business schools. If you have strong stats and varied leadership examples and extracurriculars, go for it. But, should you to fall in the camp of the other 85 percent of applicants, then having appropriate back-up schools is a must.

Not all programs are the same. Applicants should do a lot of research and soul-searching before the school selection process. Be realistic about your profile. Aligning yourself with programs that mesh with your academic and professional background is the surest recipe for success.

MBA Applicant Reality Check #2: Scores Affect Selection

As we’ve talked about in this space before, preparing early for the entrance exam is critical. Then, you can focus on compelling application essays or cultivating extra leadership opportunities.

Truth is, your GMAT or GRE score will influence your school selection process. Sure, each year we hear of that miracle case where someone gets into Harvard with a 550. But that person likely had an extraordinary profile in every other way, so it offset the low score.

Use your GMAT or GRE score as a barometer to determine a comfortable range of schools to target. You can go for the “reach school” as well despite a middling test score. But make sure you incorporate the fact that you have a low score into your overall strategy.

MBA Applicant Reality Check #3: You’re Not Ready for B-School – Yet

A huge mistake is applying to business school before you are really ready. It is true MBA admissions skew younger these days. Now it’s common to accept applicants with five or fewer years of work experience. But that means candidates need to be even more amazing in less time.

Have you had enough life experiences to provide an interesting perspective to a class? Will your recommenders act as champions for your cause?

Or is your relationship with a supervisor still new and untested? Can you devote time to improving your test score to expand your portfolio of program options? Would taking another year to strengthen your profile make more sense and yield better results?

Making 100 percent sure that an MBA is the right step now is a crucial part of the soul-searching. once you can answer in the affirmative, you can embark on the challenging but rewarding journey toward an MBA.

Image by Kristian Bjornard (CC BY-SA 2.0)

The post MBA Applicant Reality Check 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

Stacy Blackman Consulting Representative
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Joined: 03 Nov 2010
Posts: 1381
Location: Los Angeles, CA
For Lasting Success, Forget the Big Moves and Focus on Baby Steps  [#permalink]

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New post 20 Mar 2019, 08:01
FROM Stacy Blackman Consulting Blog: For Lasting Success, Forget the Big Moves and Focus on Baby Steps
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It’s now March. How many of your new year’s resolutions have you managed to keep? Still hitting the gym five days a week? Waking up at 4:30 a.m. to reap the many benefits touted by early risers? And that vow to save more and spend less this year…how’s that one going? Research shows about 80% of us fail at our resolutions by six weeks into the new year. Why is that?

Often, the culprit is having a laundry list of life-altering changes we aspire to make. Setting lofty goals and attempting to accomplish every one of them simultaneously all but guarantees failure.

The better strategy is to stay realistic. Avoid “stressure” by paring down your aspirations to a few manageable objectives. Then, for lasting success, don’t get hung up on the outcome. Instead, put all your effort into making steady progress toward your goal.

So, how do I get started?
Jack Canfield, entrepreneur and co-author of the blockbuster series “Chicken Soup for the Soul,” swears by the Rule of 5. Every day, take five small steps that get you closer to achieving your goal. What that looks like will vary depending on what you want to achieve. But making those small steps a non-negotiable part of your daily schedule is key.

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Protip: Don’t fall for the temptation of brushing them off some days because they seem insignificant. Incremental progress, however small, has a compound effect. Canfield also recommends you keep track and record your progress. Review it regularly, and be amazed at how far you’ve come.

Author Seth Godin lays it out this way:

“The thing is, incremental daily progress (negative or positive) is what actually causes transformation. A figurative drip, drip, drip. Showing up, every single day, gaining in strength, organizing for the long haul, building connection, laying track-this subtle but difficult work is how culture changes.”

We’re several weeks into the new year, but you can still fine-tune your approach to one of your floundering resolutions. Put into action a plan guided by incremental actions rather than dramatic changes. A small investment made daily will yield a degree of progress that will blow your mind in the waning days of 2019.

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Like what you read here? Then sign up for the Blacklight, our weekly email with the news, advice and inspiration you need to be your best. No matter what stage of life or career you find yourself, everyone can use a few hacks to work smarter in today’s hyper-paced world.

The post For Lasting Success, Forget the Big Moves and Focus on Baby Steps 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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For Lasting Success, Forget the Big Moves and Focus on Baby Steps   [#permalink] 20 Mar 2019, 08:01

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