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Stacy Blackman Consulting Blog

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Michigan Ross School Gets $20M for New Leadership Center [#permalink]

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New post 15 Jan 2015, 13:00
FROM Stacy Blackman Consulting Blog: Michigan Ross School Gets $20M for New Leadership Center
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The University of Michigan’s Ross School of Business has received a $20 million gift from former General Mills CEO Stephen Sanger and his wife Karen Sanger to launch a new center that will expand the school’s leadership development programming.

According to an announcement made Thursday by the school, the new Sanger Leadership Center builds upon the current activities of the Ross Leadership Initiative — including the annual Impact Challenge and Crisis Challenge, Legacy Lab, Story Lab, and skills-based workshops — as well as the Leaders Academy, where students create, launch and lead actual businesses.

Ross students will use the center as a resource for personalized coaching, development, and feedback, while faculty will take advantage of the center to help develop cutting-edge ideas and new leadership practices.

“Leadership development is a strategic imperative for companies around the world—it is one of those burning issues that keeps CEOs up at night,” says Alison Davis-Blake, Edward J. Frey Dean of the Ross School, who expressed her appreciation for the Sangers’ generosity and commitment to expanding the school’s most intensive, realistic leadership development opportunities.

One of the things that sets Ross graduates apart is their leadership skills, says Sanger, who received his MBA from the University of Michigan in 1970. “This difference reflects the innovative, hands-on programs of the Ross Leadership Initiative. Karen and I are honored to support the continued growth and development of this program through the establishment of the Sanger Leadership Center.”

The Sangers’ gift is part of the university-wide Victors for Michigan campaign, which kicked off in 2013 with a goal of raising $4 billion.

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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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When Your B-School Rejection Makes the News [#permalink]

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New post 16 Jan 2015, 08:00
FROM Stacy Blackman Consulting Blog: When Your B-School Rejection Makes the News
A popular MBA applicant blogger this season who goes by the moniker Grant Me Admission woke up to a huge surprise earlier this week when he found out the profile about his journey to b-school originally published on Poets & Quants had found its way to Fortuneonline.

Over the past few months, readers of his blog have followed along as he decided to retake the GMAT after scoring 710, mulled over the mistakes he made last year applying to Tuck School of Business, and fell in love with Kellogg School of Management. We also felt his pain upon receiving ding after ding from all five of the schools he applied to this season during Round 1.

While wading through brutal anonymous comments likely required cultivating an especially thick skin, Grant also found much to gain from hearing these fresh perspectives. The plan now, he says, is to complete his post mortem on why he didn’t get into business school, do some serious self-reflection, and see how plans to go to a top school fit in with all that.

As any applicant will tell you, applying to an MBA program is seriously hard work. And with acceptance rates at the best schools as low as they are, applicants need to make sure every aspect of their package is as polished as humanly possible. Take a look at the original article as well as his reaction post. It really is illuminating for many b-school hopefuls out there.

You may also be interested in:
Should You Consider Applying in Round 3?

How to Cope with B-School Rejections

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

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

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

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Survey Says MBA Essay Trimming Trend Hasn’t Spread [#permalink]

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New post 19 Jan 2015, 12:00
FROM Stacy Blackman Consulting Blog: Survey Says MBA Essay Trimming Trend Hasn’t Spread
Last week, Kaplan Test Prep revealed the results of its 2014 business school admissions officers survey which found that the vast majority of U.S. MBA programs don’t plan on cutting the number of admissions essays they require applicants to submit.

While programs such as those at Yale School of Management, Stanford Graduate School of Business, and University of Pennsylvania’s Wharton School made headlines last cycle by eliminating essays and reducing word count, Kaplan notes that just 13% of the 204 surveyed business schools had cut the number of admissions essays for this cycle, compared to 2013; and just 3% of schools say they plan to cut the required number of essays for the next application cycle.

“While it’s true that some of the most competitive business schools have cut the number of admissions essays or reduced the word count, our survey finds that the overwhelming number of MBA programs continue to see value in applicants submitting more information about themselves,” says Brian Carlidge, executive director of pre-business and pre-graduate programs, Kaplan Test Prep.

Some applicants may have a harder time with fewer essays and the lower word count, Carlidge notes, because it forces them to be more succinct. However, the essays are perhaps the most important element of the application as they provide candidates with the opportunity to show the admissions team why they are a good fit for the school in a way the GMAT score, GPA, and work experience cannot, he adds.

The streamlined trend is still one to watch, though, Carlidge says, pointing out that several years ago only a handful of schools allowed applicants to submit a score from the GRE instead of the GMAT, but now it’s something almost all schools allow.

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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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INSEAD Inaugurates Leadership Development Center [#permalink]

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New post 20 Jan 2015, 07:00
FROM Stacy Blackman Consulting Blog: INSEAD Inaugurates Leadership Development Center
INSEAD inaugurated its landmark, S$55 million Leadership Development Centre in Singapore last week, completing the third phase of the school’s major Asia campus expansion. This year marks INSEAD’s fifteenth anniversary in Singapore at the same time as the country celebrates its own fiftieth year of independence.

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The 10,000 square-meter center will raise capacity by 50% to meet growing demands for management and leadership education in Asia, and significantly increase the number of students, executives, top scholars and practitioners on-site.

Annually the Asia campus will welcome 500 MBA students, 5,000 executives, 90 Global Executive MBA students, and 200 participants enrolled in the Master of Finance program.

“The Leadership Development Centre is a significant milestone for INSEAD in our continued global growth and commitment to providing relevant and locally-driven business education across Asia, and globally,” INSEAD Dean Ilian Mihov said at the inauguration ceremony, held January 15th-16th.

The Singapore campus is currently home to 63 permanent faculty hailing from 22 countries, and there are over 7,000 INSEAD alumni living and working in the Asia Pacific region. The expansion will allow the campus to build its complement of world-class faculty to 70, which translates into expanding research in areas such as emerging markets, Asian business leadership, global strategy and other areas of critical importance to the region.

“At the core of INSEAD’s global offering is the large number of permanent faculty present on each campus, highly localised research and diverse mix of nationalities and cultures represented on each programme,” says Andreas Jacobs, Chairman of the Board of Directors at the school, who believes these characteristics are what sets INSEAD apart from other business schools with outposts abroad.

“For companies and individuals to have an edge in today’s rapidly evolving global business environment, access to insights into the Asia Pacific region is vital,” adds Michael Pich, Dean of Executive Education. “INSEAD’s continued investment in Asia, home to many of today’s key emerging growth markets, helps businesses identify, understand and leverage the changing opportunities and challenges these markets present.”

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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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How to Decide Between MBA Programs [#permalink]

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New post 21 Jan 2015, 08:00
FROM Stacy Blackman Consulting Blog: How to Decide Between MBA Programs
If you’re reading this post, there’s a good chance that you’re in a very envious position: you’ve been accepted into more than one MBA program. Congratulations!

Let’s just take a moment to appreciate how many people wish they were you right now. We certainly hope you understand how impressive this achievement is and have taken some time to celebrate accordingly.

But now you have a tough decision to make. You probably only applied to schools you were truly interested in, and soon it will be time to choose between two of them (or more). How should you figure out where to spend eighteen months of your life—not to mention tens of thousands of dollars?

Step one is to attend each program’s Admit Weekend. Spending time on campus and around current students and other admitted applicants will go a long way in helping you decide which program is the better fit. If you cannot find a way to go to the Admit Weekend for each school you’ve been accepted to, do everything else you can to at least visit campus and sit in on a few classes. Worst-case scenario: try to speak or Skype with alumni and current students.

Then think about where you want to end up geographically after graduation. Is one program in your desired city—or at least in the same overall region? Does one program have a reputation for helping its students land jobs in the area you want to live?

If location isn’t a concern, then focus on what does matter most to you: recruitment stats for certain industries? Diversity? International opportunities? We know you reviewed all of this information when you were deciding where to apply in the first place, but now it warrants a second, closer look.

In the end, this may be the best advice of all:

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

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

_________________

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

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

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Boothie’s Advice to Early Career Candidates [#permalink]

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New post 22 Jan 2015, 06:00
FROM Stacy Blackman Consulting Blog: Boothie’s Advice to Early Career Candidates
If you haven’t already checked out the recently re-launched Booth Experience blog, run by students at Chicago Booth School of Business, you’re missing out! For the uninitiated, this blog covers the entire gamut of the Booth community, from daily student life to academics; to recruiting, career services and internships; to student clubs and travel stories, and everything in between.

Even if Chicago Booth isn’t on your short list, there’s a series on the blog that many of our visitors can benefit from reading. The first installment came in early November, when Alex Simon broached the topic, “How do you know when it’s time for an MBA?” Simon was 24 when he started at Booth, and with just two years of work experience, he worried he would be at a serious disadvantage with classmates five to 10 years older than he.

Does that sound familiar to anyone? If so, ask yourself the three questions he raises: Do I have enough experience to succeed and contribute? What benefit will I get out of one or more years of work experience? What’s my career progression with an MBA?  “You’ll avoid a lot of undue recruiting stress if you get a good handle on your options before applying to or starting your MBA,” Simon writes.

Whereas the first post in the series required introspection, the next installment, published last week, turns the tables and brings up some of the key questions MBA applicants should be asking about their target programs.

Simon believes early career candidates need to focus on these three issues: How strong are the career opportunities for early career candidates? How can I contribute to the school? Does the school offer enough diversity to explore multiple interests?

“The way I feel today may not be how I feel ten or twenty years from now, and you can only get an MBA once. As an early career candidate, you should make sure the program you select lets you understand everything that’s out there,” he advises.

Simon’s advice is spot-on, so we’re looking forward to reading his thoughts in the final post of the series, coming soon. In that entry, he promises to share some tips to early career candidates who are considering applying to an MBA program in Round 3 or next season.

You may also be interested in:
How to Determine When the Time is Right for an MBA

Timing Your MBA: Work Five First or Dive Right In?

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

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

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

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Dartmouth Tuck School Names New Dean [#permalink]

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New post 23 Jan 2015, 07:00
FROM Stacy Blackman Consulting Blog: Dartmouth Tuck School Names New Dean
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The Tuck School of Business at Dartmouth has named Matthew J. Slaughter as the school’s 10th dean, Dartmouth announced Thursday.

A scholar of international economics and an expert in globalization, Slaughter is a renowned academic who has held several key leadership roles at Tuck since joining the faculty in 2002. He will assume his new role on July 1.

“Matt embodies all that is great about Tuck. He is a committed scholar-educator with a global outlook and deep connections to the worlds of policy and practice,” said Dartmouth President Phil Hanlon, who also noted that Slaughter is devoted to the school’s values and traditions, its close-knit community, spirit of innovation, and culture of diversity.

Currently Signal Companies’ Professor of Management, associate dean for faculty, and founding faculty director of Tuck’s Center for Global Business and Government, Slaughter previously served as associate dean of the MBA program. From 2005 to 2007, he served on the Council of Economic Advisers in the Executive Office of the President of the United States.

Slaughter succeeds Dean Paul Danos, who announced in March he would not seek reappointment at the end of his fifth term in June 2015.

“I am delighted Matt will become our new dean,” Dano said. “Matt is a superb scholar and a gifted teacher, and Tuck is indeed fortunate to welcome a leader of his accomplishments and thorough knowledge and appreciation of Tuck’s traditions and operations.  I have every confidence Matt will lead Tuck to new levels of excellence and distinction.”

To learn more about Slaughter, the next dean of Tuck School of Business, you can read the full announcement here.

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

_________________

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

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

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Should You Retake the GMAT? [#permalink]

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New post 26 Jan 2015, 08:00
FROM Stacy Blackman Consulting Blog: Should You Retake the GMAT?
This post originally appeared on Stacy’s “Strictly Business” MBA Blog on U.S.News.com
While I occasionally hear tales of MBA applicants offered admission in a top business school with a 640 GMAT score, the truth is that  accepting students with stellar scores of 700 or higher is more the norm at the most competitive programs.

Before you start to panic and become hung up on achieving the highest score possible, or fixate on the average GMAT score reported by the schools, I urge test-challenged clients to focus instead on aligning their scores within the 80 percent range, which schools usually list within their admitted class profile.

Many experts in the test prep industry advise all students to plan on taking the test twice. If your score after the first attempt is already at or above your goal, you can always cancel the second sitting. Remember, top schools want to see scores in the 80th percentile in the quantitative section. So if you score 100 percent in verbal and low in quantitative, you would want to retake the exam, especially if you don’t have a strong quantitative background outside of the GMAT.

[Learn about ways to fix a low GMAT score.]

There is absolutely no reason to retake the GMAT when you score over 700, test prep company Magoosh says emphatically. You’ve already proven you can handle the quantitative component of the curriculum, so turn your focus toward ensuring all of the other parts of your application are as strong as possible.

Keep in mind that this high number is primarily for those targeting a top-tier MBA program. If you scored a 680, the decision to retake should be carefully considered, as you may be better off focusing on your essays or coaching recommenders instead. Applicants looking at programs in the top 20 or 50 should check the average scores of admitted students to determine their personal target GMAT score.

If illness, nerves, exhaustion, or simply a lack of adequate preparation resulted in a low score, then a second attempt becomes a necessity. Repeat test-taking, with additional preparation, typically results in a higher score as students become familiar with the experience, and therefore, less stressed out.

[Learn to dodge your fear of failure when applying to business school.]

Although the Graduate Management Admission Council allows you to take the test as many times as you like, you must wait 31 calendar days before retaking the exam. Make sure to check your target schools’ application deadlines in order to allow enough time to send in your final scores.

Applicants self-report their highest score, and it’s worth noting that the admissions committee doesn’t have an issue with students taking the exam more than once. In fact, committees may look positively on the dedication you’ve shown to improve upon your prior performance. Mind you, I’m talking about a score report with two or three scores, max – not one that shows you’ve sat for the GMAT seven times.

After your first test, it’s time to go over your entire GMAT performance to determine your weaknesses and double-down in those areas as you resume your studies. Don’t completely ignore the sections you did well on, however. You wouldn’t want to improve in one area but do worse in another the next time.

If you studied alone or took a class for your initial preparation, you might consider studying one on one with a GMAT tutor for the second go-round. A test prep expert can work around your schedule and tailor the curriculum to your needs.

Finally, some people aren’t natural test-takers and have a less-than-optimal performance no matter how well they know the material. One of the primary causes is stress under pressure, and it may help to watch this video tour of the GMAT Test Center and detailed explanation of all procedures to increase your comfort levels about what to expect.

If that familiarity still isn’t enough to calm your nerves come test day, consider using relaxation techniques such as meditation and visualization to reduce test anxiety. Also, taking the GMAT in the same center will help you feel more comfortable with the test-taking process and any logistics that may have thrown you off the first time.

Business school hopefuls can be incredibly hard on themselves when they make mistakes on the GMAT, but each error is a learning opportunity and a chance to improve. So don’t become discouraged if your first score isn’t where you’d hoped. Relax, and think of it as a dress rehearsal for a stellar performance to come.

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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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Harvard Tops Financial Times 2015 Global MBA Ranking [#permalink]

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New post 27 Jan 2015, 08:00
FROM Stacy Blackman Consulting Blog: Harvard Tops Financial Times 2015 Global MBA Ranking
Earlier this week, Financial Times released its 2015 global MBA ranking of the best business schools, and the results showed no surprises—only a shuffling—at the very top. This is the third time in a row Harvard Business School has taken the crown, and the sixth time since the ranking began in 1999.

Its alumni have the highest average salary three years after graduation, at $179,910 (weighted), nearly doubling their pre-MBA pay. Harvard is among the top schools for career progression and its MBA was the most highly recommended by graduates of other schools.

The ranking is based on surveys of business schools and their 2011 graduates, and the Financial Times methodology involves assessing MBA programs according to the career progression of alumni, the school’s idea generation, and the diversity of students and faculty.

Top Ten Business Schools in FT’s 2015 Global MBA Rankings
  • Harvard Business School
  • London Business School
  • University of Pennsylvania Wharton School
  • Stanford Graduate School of Business
  • INSEAD
  • Columbia Business School
  • IESE Business School
  • MIT Sloan School of Management
  • Chicago Booth School of Business
  • UC Berkeley Haas School of Business
HBS alumni may top the ranking for salaries, but Wharton’s doctoral program in business has made it the world’s leading research-based business school with the most articles published in the FT45 list of peer-reviewed and practitioner journals, the FT reports.

You can learn more about this year’s results and methodology by checking out the complete Financial Times ranking coverage.

You may also be interested in:
Rethinking MBA Rankings

The Truth Behind Three Common MBA Rankings Myths

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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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Negotiating Merit Scholarships [#permalink]

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New post 28 Jan 2015, 07:00
FROM Stacy Blackman Consulting Blog: Negotiating Merit Scholarships
Being accepted into an MBA program is a major accomplishment that makes the months of application preparation (and worrying) all worth it. Icing on the cake is learning that you’ve also been awarded a merit scholarship.

If you suddenly find yourself with a financial incentive to attend a certain school, you’ll be understandably honored and overjoyed at your good fortune. However, if you’ve been accepted into more than one program, this unexpected twist can often make your ultimate decision that much harder.

Here’s something such lucky future students often forget: you can try to negotiate merit scholarships. This is one of those rare situations in life where—if handled professionally, of course—you really have nothing to lose.

If you received drastically different scholarship amounts for two or more programs—or were given a financial award for one school but nothing for another—why not contact the AdCom and explain your situation?

This is probably obvious, but we wouldn’t recommend naming the competing institution, sharing your offer letter or making demands. Rather, simply reach out to the admissions office, reiterate your deep interest in attending their program, and then ask if it’s possible to be considered for a higher scholarship amount (or any scholarship amount) because you now have another offer of acceptance and financial incentive on the table.

Good luck!

And remember:

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

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

_________________

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

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

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Endowment Gift Creates Social Enterprise Center at Columbia [#permalink]

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New post 29 Jan 2015, 09:00
FROM Stacy Blackman Consulting Blog: Endowment Gift Creates Social Enterprise Center at Columbia
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A new center created at Columbia Business School will help develop the next generation of business leaders’ understanding of how management impacts society and the environment.

In a statement released Wednesday, Columbia Business School announced that Sandra and Tony Tamer made a “transformative endowment gift” that will also serve as the educational, curricular, research, and strategic hub of all social entrepreneurship activities at Columbia.

Columbia Business School Dean Glenn Hubbard thanked the Tamers for their generosity, noting that the new Tamer Center will build upon the school’s existing Social Enterprise Program, “(…) allowing for a more robust array of options for the growing number of Columbia community members who are looking to put social problem solving at the heart of their careers.”

The new Tamer Center for Social Enterprise at Columbia Business School will:

  • Establish the Tamer Fund for Social Ventures: The Fund will provide seed grants of up to $25,000 to select nonprofit, for-profit, or hybrid early-stage social ventures that demonstrate a high degree of social innovation and impact.
  • Enhance the Loan Assistance Program: This program helps alleviate the financial burden of repaying education loans while pursuing a career in the public, nonprofit and social entrepreneurial sectors. The new Center will increase the number of alumni who can receive financial support, as well as the duration of that financial commitment from a maximum of five years to 10 years.
  • Broaden the Summer Fellowship Program: The Summer Fellowship Program pairs social enterprise students with organizations that are creating social and environmental value. Currently reserved for business school students, the program will now include graduate and undergraduate students from across Columbia University so that social ventures may benefit from student talent across disciplines.
  • Support Social Entrepreneurs at the Columbia Startup Lab: The Tamer Center will offer additional financial support to social entrepreneurs who are participating in the Columbia Startup Lab and who receive funding from the Tamer Fund for Social Ventures.
  • Develop a Social Entrepreneurs Network: Aspiring social entrepreneurs need to tap into an advisory network of seasoned professionals and experts. To create such a network, the Tamer Center will leverage the School’s Social Enterprise Leadership Forum, a collection of 100 leaders, practitioners, funders, policymakers, and faculty members who regularly participate in social enterprise and entrepreneurship events at Columbia.
“Columbia is uniquely qualified and positioned to serve as a source of inspiration and education for budding social entrepreneurs,” said Tony Tamer. “Combine that with its already well-established Social Enterprise Program and its strategic position in New York City (…) and you have all the ingredients necessary to be the preeminent center and source of leadership talent for the social enterprise community.”

“One of the most exciting opportunities is bringing the diverse interdisciplinary perspectives of Columbia together,” added Sandra Tamer. “Students studying business, engineering, law, medicine, or public policy will now be able to come together to develop new ideas, innovative solutions, and practical models to solve emerging challenges facing society today.”

To learn more about the Tamer Center for Social Enterprise at Columbia Business School, please visit www.gsb.columbia.edu/socialenterprise.

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Endowment Creates Social Enterprise Center at Columbia [#permalink]

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New post 29 Jan 2015, 11:00
FROM Stacy Blackman Consulting Blog: Endowment Creates Social Enterprise Center at Columbia
Image
A new center created at Columbia Business School will help develop the next generation of business leaders’ understanding of how management impacts society and the environment.

In a statement released Wednesday, Columbia Business School announced that Sandra and Tony Tamer made a “transformative endowment gift” that will also serve as the educational, curricular, research, and strategic hub of all social entrepreneurship activities at Columbia.

Columbia Business School Dean Glenn Hubbard thanked the Tamers for their generosity, noting that the new Tamer Center will build upon the school’s existing Social Enterprise Program, “(…) allowing for a more robust array of options for the growing number of Columbia community members who are looking to put social problem solving at the heart of their careers.”

The new Tamer Center for Social Enterprise at Columbia Business School will:

  • Establish the Tamer Fund for Social Ventures: The Fund will provide seed grants of up to $25,000 to select nonprofit, for-profit, or hybrid early-stage social ventures that demonstrate a high degree of social innovation and impact.
  • Enhance the Loan Assistance Program: This program helps alleviate the financial burden of repaying education loans while pursuing a career in the public, nonprofit and social entrepreneurial sectors. The new Center will increase the number of alumni who can receive financial support, as well as the duration of that financial commitment from a maximum of five years to 10 years.
  • Broaden the Summer Fellowship Program: The Summer Fellowship Program pairs social enterprise students with organizations that are creating social and environmental value. Currently reserved for business school students, the program will now include graduate and undergraduate students from across Columbia University so that social ventures may benefit from student talent across disciplines.
  • Support Social Entrepreneurs at the Columbia Startup Lab: The Tamer Center will offer additional financial support to social entrepreneurs who are participating in the Columbia Startup Lab and who receive funding from the Tamer Fund for Social Ventures.
  • Develop a Social Entrepreneurs Network: Aspiring social entrepreneurs need to tap into an advisory network of seasoned professionals and experts. To create such a network, the Tamer Center will leverage the School’s Social Enterprise Leadership Forum, a collection of 100 leaders, practitioners, funders, policymakers, and faculty members who regularly participate in social enterprise and entrepreneurship events at Columbia.
“Columbia is uniquely qualified and positioned to serve as a source of inspiration and education for budding social entrepreneurs,” said Tony Tamer. “Combine that with its already well-established Social Enterprise Program and its strategic position in New York City (…) and you have all the ingredients necessary to be the preeminent center and source of leadership talent for the social enterprise community.”

“One of the most exciting opportunities is bringing the diverse interdisciplinary perspectives of Columbia together,” added Sandra Tamer. “Students studying business, engineering, law, medicine, or public policy will now be able to come together to develop new ideas, innovative solutions, and practical models to solve emerging challenges facing society today.”

To learn more about the Tamer Center for Social Enterprise at Columbia Business School, please visit www.gsb.columbia.edu/socialenterprise.

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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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Endowment Creates Social Enterprise Center at Columbia [#permalink]

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New post 30 Jan 2015, 07:00
FROM Stacy Blackman Consulting Blog: Endowment Creates Social Enterprise Center at Columbia
Image
A new center created at Columbia Business School will help develop the next generation of business leaders’ understanding of how management impacts society and the environment.

In a statement released Wednesday, Columbia Business School announced that Sandra and Tony Tamer made a “transformative endowment gift” that will also serve as the educational, curricular, research, and strategic hub of all social entrepreneurship activities at Columbia.

Columbia Business School Dean Glenn Hubbard thanked the Tamers for their generosity, noting that the new Tamer Center will build upon the school’s existing Social Enterprise Program, “(…) allowing for a more robust array of options for the growing number of Columbia community members who are looking to put social problem solving at the heart of their careers.”

The new Tamer Center for Social Enterprise at Columbia Business School will:

  • Establish the Tamer Fund for Social Ventures: The Fund will provide seed grants of up to $25,000 to select nonprofit, for-profit, or hybrid early-stage social ventures that demonstrate a high degree of social innovation and impact.
  • Enhance the Loan Assistance Program: This program helps alleviate the financial burden of repaying education loans while pursuing a career in the public, nonprofit and social entrepreneurial sectors. The new Center will increase the number of alumni who can receive financial support, as well as the duration of that financial commitment from a maximum of five years to 10 years.
  • Broaden the Summer Fellowship Program: The Summer Fellowship Program pairs social enterprise students with organizations that are creating social and environmental value. Currently reserved for business school students, the program will now include graduate and undergraduate students from across Columbia University so that social ventures may benefit from student talent across disciplines.
  • Support Social Entrepreneurs at the Columbia Startup Lab: The Tamer Center will offer additional financial support to social entrepreneurs who are participating in the Columbia Startup Lab and who receive funding from the Tamer Fund for Social Ventures.
  • Develop a Social Entrepreneurs Network: Aspiring social entrepreneurs need to tap into an advisory network of seasoned professionals and experts. To create such a network, the Tamer Center will leverage the School’s Social Enterprise Leadership Forum, a collection of 100 leaders, practitioners, funders, policymakers, and faculty members who regularly participate in social enterprise and entrepreneurship events at Columbia.
“Columbia is uniquely qualified and positioned to serve as a source of inspiration and education for budding social entrepreneurs,” said Tony Tamer. “Combine that with its already well-established Social Enterprise Program and its strategic position in New York City (…) and you have all the ingredients necessary to be the preeminent center and source of leadership talent for the social enterprise community.”

“One of the most exciting opportunities is bringing the diverse interdisciplinary perspectives of Columbia together,” added Sandra Tamer. “Students studying business, engineering, law, medicine, or public policy will now be able to come together to develop new ideas, innovative solutions, and practical models to solve emerging challenges facing society today.”

To learn more about the Tamer Center for Social Enterprise at Columbia Business School, please visit www.gsb.columbia.edu/socialenterprise.

Image
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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Michigan Ross Director on Interviewing, Team Exercise [#permalink]

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New post 30 Jan 2015, 07:00
FROM Stacy Blackman Consulting Blog: Michigan Ross Director on Interviewing, Team Exercise
This weekend, on-campus interviews kick off at University of Michigan’s Ross School of Business. Director of MBA Admissions and Financial Aid Soojin Kwon has some reminders for MBA applicants on how to shine during your interview, and also shares Ross’s perspective on why the team exercise, though optional, is so important.

Based on their experience with Round 1 interviews, the admissions committee is stressing the following points for the next round of interviewees:

  • Make your answers clear and succinct. This is an important skill. But don’t come across as scripted.
  • Answer the questions that are asked. This will differentiate the scripted interviewees from those who aren’t. It’ll also demonstrate listening and thinking skills.
  • Do your research. Know why Ross, why XYZ career (pre- and post-MBA).
  • Don’t agonize over how you can differentiate yourself, or the fact that you work in a non-business field. If you tell your unique story, and follow Tips 1 – 3, you’ll go a long way towards making a positive impression.
How you present yourself, and your ability to react and respond gracefully in unfamiliar situations, weigh heavily in both the MBA admissions process and later on when recruiting kicks up. Kwon points to data collected by the Graduate Management Admission Counsel’s most recent Corporate Recruiters Report, which indicates that employers consider communication as the most important skill set for new graduate business school hires.

Finally, the director offers some frank advice about the currently optional team exercise. “Opting-in sends us some important positive signals: (1) that you embrace opportunities to shine; (2) that you are comfortable with ambiguity, since you can’t control the team exercise experience; and, (3) finding the right fit is important to you,” says Kwon, noting that MBA recruiters are also looking for these qualities.

From our perspective as MBA admissions consultants, you should never pass up the opportunity for face time with the admissions committee. Allowing them to get to know the real you, beyond the version on paper, is critical to your chances of receiving an offer of admission.

Good luck!

You may also be interested in:
Group Interview Advice from Michigan Ross Admissions Director

If you have been invited to interview with a school that is using the group interview format, you will absolutely want to take advantage of Stacy Blackman’s live group practice session. This format can be fun, but also challenging and stress inducing! Success comes from practice and becoming comfortable with the format.

We’ll have dedicated groups of 3-6 people for Wharton and Ross, with experienced moderators and admissions experience. You’ll receive preparation tips and a one-hour mock experience, followed by written feedback with actionable advice. For more on this new service, click here.

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

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Wharton’s Advice for the Team-Based Discussion [#permalink]

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New post 02 Feb 2015, 11:00
FROM Stacy Blackman Consulting Blog: Wharton’s Advice for the Team-Based Discussion
The University of Pennsylvania’s Wharton School plans on sending out Round 2 team-based discussion invites on February 12th, and deputy vice dean of MBA admissions Maryellen Reilly Lamb shared a few tips about the experience in her most recent blog post.

Here’s a quick refresher on the team-based exercise: Five or six invited candidates work together to solve real-world business scenarios as a team. Wharton believes the exercise demonstrates how applicants approach and analyze specific situations and interact with other people—two critical components of Wharton’s team-focused learning style.

Everyone’s TBD experience will be different, says Lamb, adding that your approach to the TBD will be a balance between being prepared and adapting to the situation.

Here are four aspects the director feels candidates should focus on to maximize their experience.

Flexibility: Challenges can change from moment to moment, so stay flexible and leave your preconceived notions at the door.

Your skills and strengths: Tap into tactics you have used successfully in the past while working in a team setting, and lean on your strengths to help propel the group forward.

The overall process: Lamb suggests asking yourself, “How can you provide value to ensure that best possible outcome for your team? Does your team need more brainstorming? Do they need more clarity around the proposed ideas?”

There is no “right” way: It may be easier said than done, but accept that you should just be yourself, get a feel for the dynamics of your particular group, and let the chips fall where they may.

Interviews will begin on campus in Philadelphia in late February, as well as various locations across the globe, including Dubai, London, Mumbai, San Francisco, Sao Paulo, Seoul, Shanghai, Singapore, and Tokyo. Applicants should interview in whichever location is most convenient for them.

For more advice, take a look at this post by (now) second-year student Alexandra Gorin. In it, she explains how she prepared for the TBD, what she experienced, and what she took away from the group interview. It’s chock-full of helpful tips!

***
Success comes from practice and becoming comfortable with the format. With that in mind, Stacy Blackman Consulting now offers live group practice sessions to help applicants with this fun but challenging new interview style.
Our experienced moderators have admissions experience at the Wharton School, and participants receive preparation tips and a one-hour mock experience, followed by written feedback with actionable advice. Find out more about our interview prep options today.

 

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

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Round 2 Updates from MIT Sloan [#permalink]

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New post 02 Feb 2015, 12:00
FROM Stacy Blackman Consulting Blog: Round 2 Updates from MIT Sloan
The admissions team at MIT Sloan School of Management will be ready to send out Round 2 interview invitations starting the week of February 16th, a recent post on the MIT Sloan MBA admissions blog reveals.

These interviews are conducted by MIT Sloan admissions staff only, and will take place on campus in Cambridge as well as in 15 additional cities in North America, South America, Europe, and Asia.

The admissions team explains that the behavioral-based interview will have three components:

  • You may be asked follow-up questions from your application. For example, your interviewer might ask you to elaborate on your academic and/or professional experiences, or provide more detail on a specific example.
  • You will be asked behavioral questions that will give evidence of certain competencies. For example: “Describe a situation where you had a conflict with another individual, and how did you deal with it?”
  • Finally, we will give you the opportunity to ask us any questions.
More information about the interview process will accompany the email invitation. To those not invited to interview, MIT Sloan will issue a final decision by March 6th.

You may also be interested in:
MIT Sloan School of Management MBA Essay Tips

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GMAT Now Features Enhanced Score Report [#permalink]

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New post 03 Feb 2015, 07:00
FROM Stacy Blackman Consulting Blog: GMAT Now Features Enhanced Score Report
The Graduate Management Admission Council has launched a new GMAT Enhanced Score Report, providing test takers with access to an in-depth analysis of their overall performance on the GMAT, including their performance on the various sections and subsections within the exam. Image

The report provides metrics that describe everything from the test taker’s average time to answer each question type, to overall time management relative to other test takers, and provides insight and analysis about how students might use the report to talk about or improve their score.

This new GMAT Enhanced Score Report is delivered to a test taker following their sitting of the exam. In 2014, GMAC introduced the Score Preview feature for the GMAT exam that allows test takers to cancel a GMAT score if it isn’t up to their standards or expectations, before sending it to a school.

Both Enhanced Score Reports and the Score Preview feature provide test takers with greater control over how and when they report their scores to the schools to which they are applying.

“The value of the GMAT Enhanced Score Report is that, used alone or together with the GMAT’s other prep and score reporting features,  it can help students strengthen their performance, improve their scores and be better prepared for the process of applying to business school,” says Ashok Sarathy, vice president of Product Management at GMAC.

The GMAT Enhanced Score Report can be purchased following the taking of the GMAT exam for $24.99 (USD) through the mba.com store.

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Interview Tips for 3 Common Questions [#permalink]

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New post 04 Feb 2015, 07:00
FROM Stacy Blackman Consulting Blog: Interview Tips for 3 Common Questions
Round 2 applicants, get ready for your interviews! Whether you’ve already received an interview invitation or are hoping to get an invite over the next few weeks, you want to make sure you’re prepared to do your best when the big day arrives.

Here are tips for three common MBA-interview questions:

  • Tell me about yourself.
Our first piece of advice: don’t go on and on. It’s easy to do when you’ve been asked such an open-ended question, so make sure you practice your response out loud a few times. There’s no need to recite your life’s story—talking about where you were born, your family, or your childhood is not what they’re looking for here.

We recommend quickly summarizing the highlights of your college years and then moving on to your professional career. Explain why you took the roles you did, what your main responsibilities were, and what you enjoyed or took away from each position. If you’ve stayed at the same company for several years, you could talk about how your responsibilities have increased over time.

[*]Why do you want to go School X?[/list]
If you haven’t discussed your short- and long-term career goals yet, you could begin your response by briefly explaining what you’re hoping to do after graduation. Then you can state the specific skills and knowledge you’ll need to be successful in the future—and how School X can help you fill those gaps.

You should be prepared to mention school-specific examples of courses, clubs, and other aspects of the curriculum that fit with your career goals. In short, do your homework and refresh your memory of School X’s program before your interview!

[*]Is there anything else you’d like to add?[/list]
The worst thing you could say in response to this question is “No.” Even if you’ve had an hour-long discussion that covered everything under the sun and you’re feeling confident about how things have gone, you still should take this opportunity to reiterate why you’re excited about the program and why you’d be an asset to the incoming class.

And, of course, if there’s something specific about your candidacy that you feel could improve your odds and you haven’t been able to discuss it up to this point, now’s the time to do so.

Our parting advice: be yourself. You want the admissions committee to admit you for who you really are, right?

Finally, you might want to jot this down the morning of your interview:

Image

 

 

 

 

 

 

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

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UVA Darden Students Create Impact Investing Course [#permalink]

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New post 05 Feb 2015, 14:00
FROM Stacy Blackman Consulting Blog: UVA Darden Students Create Impact Investing Course
Did you realize that as a business school student, you can influence the MBA curriculum in more ways than you ever imagined? Students at the University of Virginia’s Darden School of Business recently created their own class on impact investing, an emerging investment style that simultaneously generates both financial and social/environmental returns.

Take a look at this video with MBA Admissions Dean Sara Neher as she interviews Ross Rosenstein, a third year JD/MBA at Darden. In it, Rosenstein explains how he and fellow students took the idea of the newly formed Darden Impact Ventures club, an initiative of 2014 graduates, and launched a student-led, for-credit course this term under the guidance of finance professor Elena Loutskina.



Rosenstein explains that this experiential course involves finding a start-up company and helping them with their business plan and raising capital. The iLab and Batten Institute have been very supportive of this initiative, says Rosenstein, who is also co-president and CEO of the Darden Impact Ventures fund, noting that the alumni community has also stepped in to help find potential companies.

There are currently five contenders in the running, but Rosenstein expects they will select one of them in the coming weeks who they will later present at a competition with other  schools to be held at University of Pennsylvania’s Wharton School in May.

This is just another great example of how MBA students can shape their own educational experiences while in b-school, and we look forward to sharing the results of the competition later this spring.

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The Technology Lag at HBS [#permalink]

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New post 06 Feb 2015, 13:00
FROM Stacy Blackman Consulting Blog: The Technology Lag at HBS
Harvard Business School has rightfully earned its position at the top of many respected MBA rankings, but even Dean Nitin Nohria acknowledges that the school lags behind MIT and Stanford Graduate School of Business where tech is concerned, a recent Wall Street Journal article reveals.

The case method of instruction relies on tried-and-true business scenarios, which means students almost always grapple with management conundrums that are at least a few years, if not decades, old.  Even though faculty are at work drafting cases on current digital issues, some students gripe that the cases are practically obsolete by the time they make it into the syllabus, the WSJ found.

Whereas HBS once dominated in preparing students for today’s technology, and in fact was the first business school in the country to require every student to own a personal computer, the school now offers courses in this area only as electives in each individual HBS department.

To help bridge this gap, students and recent graduates think HBS should do more to infuse the core curriculum with greater technological awareness, covering topics such as data analytics in marketing, crowdsourcing, information technology and other digital issues.

Demand for electives in technology management is at an all-time high, with courses completely filled and waitlists long enough to fill additional classes to capacity. Professor Marco Iansiti, who heads the school’s Technology and Operations Management unit, tells the WSJ he’s interested in adding more technology-management content and “winding down a bit on traditional operations management.”

Nick Taranto, a 2010 MBA and co-founder/c0-CEO of an online food delivery startup, tells the WSJ that Harvard Business School did prepare him to run his 300-employee organization.

“But preparing for early-stage product management, customer discovery, user experience, Web design—what’s the difference between HTML, CSS, Java Script—I had no idea,” he says. “I had to learn all of that on my own.”

Visit the Wall Street Journal to learn more about the state of tech at HBS, and how things may change following a planned relocation of the engineering school that will put it right across the street from the business school.

You may also be interested in:
IT Skills Sorely Lacking in Harvard MBAs

 

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The Technology Lag at HBS   [#permalink] 06 Feb 2015, 13:00

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