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Stacy Blackman Consulting Blog

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IE Business School Revamps its International MBA Program [#permalink]

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New post 28 Apr 2015, 13:01
FROM Stacy Blackman Consulting Blog: IE Business School Revamps its International MBA Program
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Spain’s IE Business School recently announced it has redesigned its one-year international MBA degree to allow students to design a custom program in accordance with their own specific interests and career plans. Students can center on becoming creators by opting for the track with a special focus on entrepreneurship, or transformers, if they prefer to concentrate on developing their managerial careers in the corporate world.

The new IMBA will start this month with a student body comprising some 90% international students from 65 countries, with an average of 5 years of professional experience. The program also has Spanish and English-language versions.

Students can choose from over 150 elective courses to personalize their learning experience, and can opt to develop business projects or work on social projects in South Africa, Ethiopia, Peru, or Brazil. The program offers a total of 66 international destinations designed to enrich the MBA experience.

IE Business School’s International MBA program will also include Professional Fitness sessions throughout the entire program. Students will use the sessions to design a professional growth strategy, attending sector-specific workshops and participating in the new Talent Forum, a three-day job event run in collaboration with recruiters.

They will also build on their contact networks during the Global Network Week, travel with the Venture Lab initiative to get to know entrepreneurial ecosystems in other countries, or present their own business projects during the Venture Days organized by IE in cities worldwide, including Shanghai, Sao Paulo, Mexico D.F., Providence, Berlin, Tokyo and Lisbon.

Students will develop their soft skills as part of the new Behavioral Fitness model, aimed at building on their capacity for leadership, communication, management of high-performance teams, mindfulness, influence, and change management, all key factors for success in the field of business management.

Participants will also be able to take part in the Post MBA Long Exchange Program, a three-month exchange program with any one of 58 business schools worldwide, including Chicago Booth School of Business, Babson College, NYU Stern School of Business, London Business School, or CKGSB Beijing.

“The program has a marked focus on entrepreneurship, social commitment, and innovation, as well as bringing added impetus to students’ soft skills and capacity to map a career path,” says Santiago Íñiguez de Onzoño, Dean of IE Business School, explaining in a statement how the redesign of IE’s International MBA will further strengthen the international nature and humanistic approach of the program.

For more information about the revamped International MBA, visit the IE Business School website.

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

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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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UC Berkeley Haas to Study Crowdfunding [#permalink]

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New post 29 Apr 2015, 10:01
FROM Stacy Blackman Consulting Blog: UC Berkeley Haas to Study Crowdfunding
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Earlier this month, researchers at UC Berkeley’s Haas School of Business and the Fung Institute for Engineering Leadership announced the establishment of CrowdBerkeley to better understand crowdfunding, a phenomenon which is changing the future of finance by fostering the exchange of capital through new technology channels and providing a more equal playing field for funding investors and recipients.

Crowdfunding got its name from the process of crowds of people investing relatively small amounts of money online to fund new ventures and individuals—bypassing traditional investors and lenders. The growth of crowdfunding continues at a rapid pace, and the practice is expanding to new markets and to new places around the globe each day.

Fung Institute engineers have been aggregating databases from global crowdfunding platforms to provide researchers, policy experts, and government agencies with the tools to advance knowledge on technology models and to facilitate innovation and networks in crowdfunding. For example, CrowdBerkeley’s public research will provide evidence of crowdfunding trends such as participant demographics.

Berkeley-Haas faculty and researchers in finance and social enterprise will use the data to study how crowdfunding is impacting traditional financial models and paving the way for innovation and new ventures.

CrowdBerkeley enhances an already active study of crowdfunding on campus. Berkeley-Haas has held more than a dozen campus teach-ins where Berkeley academics and students network and collaborate with alumni and industry partners working in crowdfunding. The business school is also redefining finance education by including crowdfunding models, both current and evolving, in the MBA curriculum.

“We care about training our students so they will be best positioned to understand the future of finance from the standpoint of policy, regulation, and tech,” says assistant professor Adair Morse, who teaches the “New Venture Finance” MBA course.

In the course, students learn how to raise equity without traditional investors, create credit and loan models without brick-and-mortar lenders, and understand the implications of new currencies such as Bitcoin, an open source payment network that utilizes technology to conduct peer-to-peer transactions instead of banks to do business.  Berkeley-Haas students have launched several crowdfunding companies, including Indiegogo and WeFinance.

“The goal of CrowdBerkeley is simple: we aim to leverage the excellence of UC Berkeley to learn, educate, and inform entrepreneurs, policymakers, and researchers on how crowdfunding can shape the economy and society,” says professor Laura D’Andrea Tyson, director of the Haas School’s Institute for Business and Social Impact.

Learn more about this new partnership to study crowdfunding here.

(image credit: Rocío Lara, CC 2.0)

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

_________________

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

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Georgetown McDonough’s New Global Real Estate Center [#permalink]

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New post 30 Apr 2015, 07:00
FROM Stacy Blackman Consulting Blog: Georgetown McDonough’s New Global Real Estate Center
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Georgetown’s McDonough School of Business recently announced it has received a gift of $10 million from alumnus Robert Steers and his wife Lauren Steers to launch a new center focused on global real estate. Steers is the CEO of Cohen & Steers Inc., a pioneering global investment manager and the first investment company to specialize in listed real estate.

This gift will create the Steers Center for Global Real Estate to help students prepare for real estate careers through practical experience with an increasingly international focus. The center will offer one-on-one career planning for students, hands-on learning through a real estate clinic, and a growing focus on global opportunities through consulting projects and career treks.

Georgetown McDonough says it has developed a real estate curriculum that allows MBA students and undergraduates to work on real estate projects and to underwrite live real estate transactions. New courses in real estate equity, real estate debt, negotiations, investment analysis, a real estate clinic, and more will help the school reach its goal of becoming the premier destination for global business education.

“It was important to me to see Georgetown McDonough create a formal real estate center with the financing to be permanent and to think and plan strategically,” says Steers, a 1975 McDonough School of Business graduate. “To be a preeminent school and center, we need to constantly strive to innovate and come up with additional strategies that prospective students and employers look at and say ‘wow, that’s really something special.’”

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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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SBC Celebrates! [#permalink]

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New post 01 May 2015, 06:00
FROM Stacy Blackman Consulting Blog: SBC Celebrates!
We’ve had a tremendous year at Stacy Blackman Consulting, and there’s nothing I like better than celebrating success with the people who make it all possible: our amazing team of consultants, editors, and support staff who keep the whole operation running smoothly.

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Several of us recently spent an evening catching up, toasting the highlights of our latest admissions season, and nibbling on the fantastic creations of Chef Suzanne Goin’s restaurant, A.O.C. Image
Oh, and least I forget, one of the highlights of the evening was playing a hilarious version of Bingo that had us scrambling to figure out which one of us was the skydiver, who spoke four languages, which of us harbored a secret obsession with reality TV,  and who was the avid collector of Pez dispensers (guilty!).

When you’re working with someone remotely in the MBA admissions process, it’s often hard to picture who is on the other end of that email or telephone call. I hope this small glimpse into our celebration conveys the warmth and camaraderie of the people with whom you’re engaging.  We love what we do, are beyond ecstatic for our clients when they achieve their goals and get into the b-school of their dreams, and we really enjoy collaborating with each other, too.

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If this is the year you plan to embark on your MBA journey, know that all of us at Stacy Blackman Consulting are ready to guide and support you in any way we can. Make 2015 a year to remember!

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

_________________

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

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

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What to Do Before Heading to B-School [#permalink]

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New post 04 May 2015, 06:00
FROM Stacy Blackman Consulting Blog: What to Do Before Heading to B-School
You did it! You got into business school—congratulations!

It might seem like years ago that you first started your applications, or you might feel like the whole process flew by. Either way, you now have just a few months left before you head to campus and take your first official steps toward earning an MBA. And we guarantee that those remaining weeks will go quickly.

So what you should do between now and then?

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

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

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

Think of it this way:

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***
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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Stacy Blackman B-School Application Survey [#permalink]

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New post 05 May 2015, 04:00
FROM Stacy Blackman Consulting Blog: Stacy Blackman B-School Application Survey
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Today’s the day, folks! We at Stacy Blackman Consulting want to check the pulse of this year’s crop of b-school applicants by polling them about their MBA plans. The survey poses 13 super simple questions, such as “How many schools are you applying to?”, and the whole questionnaire should take less than three minutes to complete.

Every participant has the opportunity to enter a sweepstakes to win a $100 Amazon gift card. The survey closes at midnight PST on May 5, 2015. That’s right, it ends tonight! So please, take a moment to share with us your thoughts and experiences related to the MBA application process.

Enter survey here.

Thanks so much for your participation!

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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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Gearing Up for Round 1 at Harvard Business School [#permalink]

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New post 05 May 2015, 10:01
FROM Stacy Blackman Consulting Blog: Gearing Up for Round 1 at Harvard Business School
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With the official end of the 2014-2015 MBA admissions season just over a week away, Harvard Business School‘s Director of Admissions and Financial Aid Dee Leopold previewed what’s ahead for next season’s Round 1 applicants.

One important tip for candidates aiming for the first round is to plan for a campus visit right now, if possible, while there’s still signup availability over the next 10 days. There will be no opportunity to see the famous Case Method in action prior to the September 9th deadline.

Beginning May 8th, on-campus info sessions will take place Monday and Friday at 2 pm with AdCom members with plenty of time for questions, Leopold assures, noting that the calendar will post room locations each week. No advance notice is required.  Also as of May 8th, HBS will conduct campus tours at 1:15 pm on Monday and Friday.

Finally, the director says essay and recommender questions will be posted on May 15th, and the application for Class of 2018 will go live in mid-June. Stay tuned!

You may also be interested in:
Make the Most of Your B-School Campus Visit

Thinking About a Harvard MBA? Plan a Campus Visit!

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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

Kudos [?]: 126 [0], given: 0

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Wharton School 2015-2016 MBA Application Deadlines [#permalink]

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New post 06 May 2015, 11:01
FROM Stacy Blackman Consulting Blog: Wharton School 2015-2016 MBA Application Deadlines
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The University of Pennsylvania’s Wharton School has announced the MBA application deadlines for the 2015-2016 admissions season.

Round 1 Deadline
Application due: September 29, 2015

Invitation to Interview Release: November 3, 2015

Decision: December 17, 2015

Round 2 Deadline

Application due: January 5, 2016

Invitation to Interview Release: February 9, 2016

Decision: March 29, 2016

Round 3 Deadline

Application due: March 30, 2016

Invitation to Interview Release: April 13, 2016

Decision: May 3, 2016

***

To be considered for a round, complete applications must be submitted by 5:00 p.m. Eastern Time (ET) on the day of the deadline. MBA/MA–Lauder and JD/MBA program applicants may only apply to one of the first two rounds.

For more information, please visit the Wharton School’s admissions website.

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

_________________

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

Kudos [?]: 126 [0], given: 0

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Gender Balance Scorecard at B-Schools Worldwide [#permalink]

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New post 07 May 2015, 12:00
FROM Stacy Blackman Consulting Blog: Gender Balance Scorecard at B-Schools Worldwide
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Significant differences in the gender balance of students and faculty at the top business schools around the world are revealed in the latest report from 20-first, the leading international consultancy on gender balance devoted to moving beyond 20th century mindsets in management styles and marketing.

The new Gender Balance Scorecard focuses on the gender balance achieved at two levels: among MBA students and among faculty at the world’s leading business schools. It gives an overview of the top 100 business schools, based on the 2015 Financial Times ranking, and also takes an in-depth look at the top 12, or ‘top tier’.

Despite the fact that women are 60% of university graduates, the number falls precipitously at business schools. Female faculty are in even shorter supply. The learning tools used on MBA programs feature case studies dominated by men. The faculty are mostly men (tenured faculty even more so). And executive programs are even more male dominated than the MBA classes.

Here are some of the key findings of the report:

Better MBA Balance: Most of the Top 100 business schools show some improvement in the gender balance of the MBA student body since 2010.
Static Faculty Balance: Gender balance on the faculty, however, seems more challenging.
The Most Balanced: Star performing schools with female student numbers over 40% and female faculty numbers over 30% are: University of Hong Kong, Imperial College, Lancaster, Bath, Queens, Birmingham and Fudan business schools. None are in the FT’s “top 12 tier” of schools and two have a female Dean.
The Best are not Balanced re MBAs: 4 of the top 12 schools now have student participation at 40% and above: Harvard, Wharton, Stanford and University of California.
Least Balanced re Faculty: However, only 1 school in this group has female faculty numbers above 30% (IE Business school) and a third have less than 20%: INSEAD, Colombia Business School, University of Chicago Booth and CEIBS.

“Add all this up, and neither women nor men are getting much experience of gender balance at business schools,” says Lesley Simons, a consultant with 20-first and a thought leader on gender balance in business schools and the tertiary education sector.

Improved ratios don’t automatically make the cultures more gender bilingual, Simons notes.”You’d think business schools would be leading the way, not trailing their customers. It’s time for business schools to deliver on their purpose – access to the world’s best talent. All the talent.”

You may also be interested in:
HBS Launches Recruitment Program Targeting Women

Targeted Tips for Women MBA Applicants

Enrollment Flags for Women Pursuing the MBA

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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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MIT Sloan 2015-2016 MBA Deadlines, Essay Question [#permalink]

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New post 07 May 2015, 15:00
FROM Stacy Blackman Consulting Blog: MIT Sloan 2015-2016 MBA Deadlines, Essay Question
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The admissions team at MIT Sloan School of Management has offered a preview of the deadlines and essay prompt for the 2015-2016 MBA admissions season. MIT Sloan is changing things up a bit by offering three rounds rather than two, and a single required essay question.

Deadlines
Round 1:

Application deadline: September 21, 2015

Decisions released: December 16, 2015

Round 2:

Application deadline: January 12, 2016

Decisions released: April 4, 2016

Round 3:

Application Deadline: April 11, 2016

Decisions released: May 18, 2016

Essay Question
Tell us about a recent success you had: How did you accomplish this? Who else was involved? What hurdles did you encounter? What type of impact did this have? (500 words or less).

The admissions team shares that a second (short-answer) question will be asked of those invited to interview: The mission of the MIT Sloan School of Management is to develop principled, innovative leaders who improve the world and to generate ideas that advance management practice. Please share with us something about your past that aligns with this mission. (250 words or less).

MIT Sloan will also continue to ask an open-ended, optional question, which has yet to be announced.

The application will go live in early July.

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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

Kudos [?]: 126 [0], given: 0

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Stanford GSB 2015-2016 Deadlines, Essay Questions [#permalink]

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New post 08 May 2015, 12:00
FROM Stacy Blackman Consulting Blog: Stanford GSB 2015-2016 Deadlines, Essay Questions
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The Stanford Graduate School of Business has announced the application deadlines and essay questions for the MBA Class of 2018.

Round One Deadline
Application Due: September 22, 2015

Decision: December 9, 2015

Round Two Deadline
Application Due: January 12, 2016

Decision: March 30, 2016

Round Three Deadline
Application Due: April 5, 2016

Decision: May 11, 2016

Essay Questions
Essay A: What matters most to you, and why?
For this essay, we would like you to:

  • Focus on the “why” rather than the “what.”
  • Do some deep self-examination, so you can genuinely illustrate who you are and how you came to be the person you are.
  • Share the insights, experiences, and lessons that shaped your perspectives, rather than focusing merely on what you’ve done or accomplished.
  • Write from the heart, and illustrate how a person, situation, or event has influenced you.
Essay B: Why Stanford?
Enlighten us on how earning your MBA at Stanford will enable you to realize your ambitions.

  • Explain your decision to pursue graduate education in management.
  • Explain the distinctive opportunities you will pursue at Stanford.
Length
Your answers for both essay questions combined may not exceed 1,150 words. Stanford GSB suggests 750 words for Essay A, and 400 words for Essay B.

All materials, including letters of recommendation, are due by 5 p.m. Pacific Time on the day of the deadline. For more information, please visit the Stanford GSB MBA admissions website.

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What to Do Between Now and Round 1 Deadlines [#permalink]

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New post 11 May 2015, 06:01
FROM Stacy Blackman Consulting Blog: What to Do Between Now and Round 1 Deadlines
If you plan to apply to MBA programs this fall, you have a little more than four months until the first Round 1 deadlines hit. What’s one of the most important things you can do between now and then? Get a few more leadership experiences under your belt.

At work, seek out opportunities to manage projects or teams. When you have an idea for how to improve or streamline a process in your office or for a client, take the initiative to work on it in your spare time. If your manager is supportive of your plans to go back to school, ask what other responsibilities you could take on. All of these steps will likely result in additional accomplishments you can add to your resume, write essays about, or discuss in an interview.

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

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

Think of it this way:

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***

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Fit the GMAT Into Overall MBA Application Strategy [#permalink]

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New post 12 May 2015, 06:00
FROM Stacy Blackman Consulting Blog: Fit the GMAT Into Overall MBA Application Strategy
This post originally appeared on Stacy’s “Strictly Business” MBA Blog on U.S.News.com
Just about every MBA candidate needs to submit a GMAT or GRE score as part of their business school admission package, but not everyone has a clear grasp on when and how the exam fits within the context of the whole application process.

In an ideal world, you would take the test just coming out of college, while you’re still in study and test mode as a recent student. Since both GMAT and GRE scores are valid for five years, getting the exams out of the way years in advance would free you to focus on all of the other elements of the application.

If, like most applicants, you didn’t have the foresight to take the exam right after college, the next best step is to plan your application strategy so that the GMAT is finished before you finalize your list of schools. Your score isn’t everything, but it is an important part of the admissions equation.

If you bomb the exam and can’t improve your score, you may need to reassess your target schools to include less-competitive options. Conversely, you may be able to add one more reach school if the score was higher than expected.

Round one of business school admissions is about four months away at many schools, and if you still need to take the GMAT, you have a lot of work ahead of you. Unless you’re a natural at taking standardized tests, you’ll need to train your brain to get it back into test-taking form.

Most applicants devote at least 100 hours to test preparation, and depending on where you are in the process, you may have to take a prep class and perhaps take the test more than once. If this is the case, the first round may not be a realistic option unless you’re able and prepared to completely immerse yourself in the process.

One client, Tasha, came to us just five weeks before the round she was targeting with some idea of her school choices and a GMAT score she wanted to improve. With her limited time she needed to schedule the GMAT for two weeks before her application deadlines. That meant she did not have the luxury of focused studying for the GMAT in all of her free time.

To help Tasha manage her time, we wrote down all of her tasks, including the number of essay iterations we expected her to go through, and then we worked backward from her deadlines to see how many days she had to work. Tasha then started alternating essay writing and GMAT study until the day she took the test.

This abbreviated yet methodical time management system worked for her, and Tasha was able to improve her GMAT by 30 points and submit a strong application to her three target schools. She ultimately gained admission to Stanford Graduate School of Business and Cornell’s Johnson Graduate School of Management.

Tasha’s strategy won’t work for everybody, but we see applicants pull off the impossible every season.

I typically advise clients to plan for two attempts at the GMAT, leaving a buffer for a retake if needed. There’s no harm in taking the test two or even three times, and unless you score really well right out of the gate, you often will do better the second time. This is because you’ll have fewer nerves, more familiarity with the process and no big surprises. There is no such thing as a bad test, just opportunities to build on and learn from.

Average scores are creeping higher every year at the top MBA programs, making it hard to offset a bad GMAT score. It truly is a level playing field, and I often cringe when I read essays where people try to rationalize a low score.

What you can do, however, is acknowledge the score and say you don’t find it truly reflective of your abilities. Then show why you are actually strong in quant or going to excel academically by pointing to your college GPA, work experience or by encouraging your recommenders to focus heavily on your intellect.

Timing and planning are key to reducing the stress of the application process. I generally encourage applicants to not cram everything into too short of a timeline, but everyone has their own style and you need to figure out what makes the most sense for you, your goals and your schedule.

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Tuesday Tips: 2015 MIT Sloan MBA Essay Tips [#permalink]

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New post 12 May 2015, 06:00
FROM Stacy Blackman Consulting Blog: Tuesday Tips: 2015 MIT Sloan MBA Essay Tips
MIT Sloan has just announced the essay questions and deadlines for the class of 2018. This year there is only one required question, a second required short-answer for those invited to interview, and an optional open-ended essay.

For many years MIT asked a series of behavioral questions for the admissions essays because past performance was considered to be the best predictor of candidates’ future success. This year the one required essay is a behavioral question again. As you approach topics for the required question consider if you will also answer the optional question. MIT Sloan is looking for people with integrity, passion, creativity, intellectual abilities and drive and determination. Do you have a recent success that will demonstrate some or most of those traits? The success can be professional or outside of work, though should have some relationship to your professional aspirations if possible. If the situation is not one that demonstrates many of the traits MIT Sloan is seeking in candidates, you may also decide to include the optional essay in your application.

We have one required essay at the time of submission: Tell us about a recent success you had: How did you accomplish this? Who else was involved? What hurdles did you encounter? What type of impact did this have? (500 words or fewer).

This essay question is set up to be a behavioral essay question, one that seeks to understand how you think and act in various situations. We often recommend using a framework called STAR to approach questions like this and make sure you are covering all of the required components. STAR stands for: Situation, Task, Action, and Results.

The SITUATION sets the stage and introduces the challenge you faced. It can be a simple sentence like: “My company’s key product was aging and we needed to find an area of growth to maintain revenues.”

Your TASK is a bit more detailed and identifies what solution you decided to implement to address the situation. For example: “I proposed setting up an innovation tournament for our global strategy team to come up with ideas.”

The meat of the essay is the ACTION. Describe in detail what you did to implement the task. Talk about the stakeholders you had to convince, any hurdles to setting up the tournament, how you encouraged buy in among all employees and any other action you personally took to accomplish your goal.

RESULTS can be relatively brief, and ideally quantitative. For example: “the tournament revealed 10 viable new product ideas, 3 of which are currently in development.”

The ACTION part of the essay should be the majority of the response, but setting up the situation clearly and demonstrating results is important and effective to a strong response. As MIT typically asked in the past, make sure to describe: “what you thought, felt, said, and did.” The admissions committee wants to see you developing creative solutions, leading others, and overcoming challenges to “visualize you in action.”

A second short-answer question will be asked of those invited to interview: The mission of the MIT Sloan School of Management is to develop principled, innovative leaders who improve the world and to generate ideas that advance management practice. Please share with us something about your past that aligns with this mission. (250 words or fewer).



This question focuses on your intellectual skills, leadership and character. When you consider topics for this question the most important aspect will be to demonstrate character. Improving the world doesn’t have to be working for an NGO in a developing country, it could also be improving your company to have more benefit to customers or employees.

For example, perhaps you were part of an employee resource group that helped new employees with their careers, increased diversity, or served the community through volunteering. MIT Sloan also wants to see creative solutions to business problems, so make sure to explain your thinking during the experience you describe.

The Admissions Committee invites you to share anything else you would like us to know about you, in any format. If you choose to use a multimedia format, please host the information on a website and provide us the URL. More information on the MIT Sloan website.



MIT Sloan’s entirely open-ended optional essay invites applicants to respond to the essay in any format desired. This allows you to do anything you need to with this space, including clarifying any concerns or highlighting interesting aspects of your background or profile. Because there is only one required written essay this year it may be useful to use this opportunity to show the admissions committee a different angle on your candidacy. The format can be a creative way for you to showcase any technical or design skills you have, but the content should be primary.

Because this essay is highly dependent on who you are and what you wrote in the required essay, consider carefully your overall strategy and refer to the list of traits MIT Sloan is looking for in admitted students. If you have an unusual background, hobby or extracurricular experience, this may be an opportunity to provide that information to the admissions committee.

With similar questions asked by other MBA programs in the past Stacy Blackman Consulting has advised candidates on everything from photo journalism projects to customized multimedia presentations. We treat the application as a holistic process and would advise you on which aspects of your background to consider revealing in this optional essay.

Stumped by your MIT Sloan MBA application? Contact Stacy Blackman Consulting to learn how we can help.

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Tuesday Tips: 2015 Stanford MBA Essay Tips [#permalink]

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New post 12 May 2015, 18:01
FROM Stacy Blackman Consulting Blog: Tuesday Tips: 2015 Stanford MBA Essay Tips
Stanford Graduate School of Business continues to ask applicants to delve deep into their personality, values and motivations for this set of MBA essays. The classic “what matters most” essay should be your primary focus, and secondly you will answer why Stanford is the next step in your journey.

Total word count for the essays must not exceed 1,150 words, so be judicious in deciding how much or little to write for each prompt. As a general guideline, Stanford GSB suggests 750 words for essay one and 400 words for essay two. Check your deadlines before you get started to make sure you are maximizing the time on your essays.

Essay A: What matters most to you, and why? (suggested 750 word limit)

– Focus on the “why” rather than the “what.”

– Do some deep self-examination, so you can genuinely illustrate who you are and how you came to be the person you are.

– Share the insights, experiences, and lessons that shaped your perspectives, rather than focusing merely on what you’ve done or accomplished.

– Write from the heart, and illustrate how a person, situation, or event has influenced you.

This classic Stanford GSB MBA essay is your opportunity to demonstrate who you are, what motivates you, and why. Topics can range from personal history to grand visions of the future. While this topic should not be explicitly career related (and the strongest essays are likely not career oriented at all) it is possible that some of your themes will continue in your career essay.

Your accomplishments and achievements are part of why you have developed into the person you are today, however it’s far more important to explain your influences, lessons learned and motivations. Introspection and honesty should persist through the entire set of essays.

To generate ideas, try brainstorming over a period of a few days. Ask friends and family what values they see you demonstrating in your life and choices. Keep a notebook by your bed so you can record your first thoughts upon waking up, and mine your personal history for ideas. What keeps you awake at night? When you look back at your life what will you admire and regret about your choices? These are the kind of questions to ask yourself as you approach topics for this essay.

Though the essay question may seem open-ended, answering the question with vivid and specific examples will provide solid evidence that you have demonstrated or experienced “what matters most” throughout your life. Keep in mind as you select examples that Stanford GSB specifically advises focusing on people and experiences that have influenced you, rather than accomplishments or achievements.

Essay B: Why Stanford?

Enlighten us on how earning your MBA at Stanford will enable you to realize your ambitions. (suggested 400 word limit)

– Explain your decision to pursue graduate education in management.

– Explain the distinctive opportunities you will pursue at Stanford.

After you have explained what is most important to you in life you need to explain why your next step is a Stanford MBA. The sub questions for this essay cover both why you are interested in pursuing an MBA at all, and why you specifically want to attend Stanford GSB. Stanford GSB wants to know your aspirations will be uniquely satisfied by the program at Stanford GSB, and research will help you determine what aspects of the academic program, community and students are crucial to your aspirations.

Be as specific as possible in your response to provide evidence that you have done your research. You should know everything about the aspects of the program that most appeal to you. Have you met current students and alumni? Who are the professors you are excited about? What are the unique programs?

When you discuss how Stanford will help you achieve your ambitions consider that Stanford likes to see applicants who dream big, and have the credibility to achieve their goals. Be bold with your aspirations. Don’t focus on what your parents or partner want you to do. Don’t think about the next job on the corporate ladder. What do you, with your own unique background and values, want for your life?

If the question seems too vast, take a few minutes to close your eyes and reflect. Envision your life in twenty years. Where do you live? How do you spend your days? What is your favorite activity? How does this vision fit into your career aspirations? Don’t be shy about your ambitions. Once you have identified your dream career, you also need to make sure an MBA is an important part of achieving your plans and explain that part in your essay.

Though you should think big, don’t make the mistake of acting as if you are already perfect with no development needed. Remember that MBA programs want to help promising candidates reach their goals and be a step on an ambitious career trajectory.

Finding the Stanford essays challenging? Contact Stacy Blackman Consulting for personalized guidance through the application process.

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$10M Gift Honors Tuck School Dean Paul Danos [#permalink]

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New post 13 May 2015, 06:01
FROM Stacy Blackman Consulting Blog: $10M Gift Honors Tuck School Dean Paul Danos
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When Paul Danos announced in March 2014 that he would step down from his position as dean at Dartmouth’s Tuck School of Business after 19 years, the news was met with considerable emotion. After all, his deanship has been the longest in the school’s history, and is one of the longest in management education. By the end of his fifth term, nearly half of Tuck’s 10,000-plus living alumni will have graduated under his deanship.

This week, the school announced it has received a $10 million endowment from more than 50 alumni and friends of Tuck to name the business school’s deanship in honor of Paul Danos. The endowment, announced May 8th at an event in Danos’ honor, will support future deans in perpetuity, thereby freeing up funds for other priorities at the school, a news release confirms.

In addition to the endowment gifts, another 100 alumni and faculty have recognized Danos by establishing a fund to provide Tuck with resources for curricular innovation and faculty excellence. This innovation fund will support the type of leading-edge initiatives that have been a hallmark of Danos’ tenure.

“Paul has really transformed Tuck,” says David Southwell, Tuck ’88, a member of the Tuck Board of Overseers. “He’s changed the curriculum, built new buildings, and raised a huge amount of money. What’s unique is that he’s been able to expand the school while keeping the culture the way it is. One of the things that we Tuckies love about the school is its intimate feel. Paul has kept that while offering a world-class set of programs.”

Danos will step down at the end of June, but the school says he won’t be leaving Tuck or Dartmouth. The retired dean will advise President Phil Hanlon on several projects and teach a course at the business school.

You may also be interested in:
Dartmouth Tuck School Names New Dean

Tuck School Creates New Global Insight Requirement

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Michigan Ross Winds Down 2014-2015 Application Season [#permalink]

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New post 14 May 2015, 06:01
FROM Stacy Blackman Consulting Blog: Michigan Ross Winds Down 2014-2015 Application Season
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The Michigan Ross School of Business plans to make its admit calls to successful Round 3 candidates today, but MBA Admissions Director Soojin Kwon says that the admissions committee’s work to shape the Class of 2017 is far from over.

In fact, Kwon explains in a recent blog post that at this point in the game, the team reviews the waitlist daily, and will make offers on a rolling basis as they determine how many spots are available and what backgrounds and goals Ross wants to add to the class.

Although there are always those very last-minute admit offers made in August, Kwon predicts the class will largely come together by  early June. Also, Michigan Ross will host an admitted student weekend in June for those Round 3 and waitlisted admits.

As the admissions committee prepares to gear up for the next application cycle, the director says that they are currently finalizing the Fall 2016 application, essay, recommender and interview questions and aims to post them next week, so stay tuned for that information.

For more on what is keeping the Michigan Ross admissions team busy in the coming weeks, read Kwon’s blog post, We’re Not “Done” Yet.

You may also be interested in:
The Michigan Ross Admissions “Formula”

Michigan Ross Director on Interviewing, Team Exercise

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UCLA Anderson Receives $100M Gift from Namesake’s Widow [#permalink]

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New post 14 May 2015, 13:00
FROM Stacy Blackman Consulting Blog: UCLA Anderson Receives $100M Gift from Namesake’s Widow
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The UCLA Anderson School of Management has announced the largest gift in its history: $100 million from longtime supporter Marion Anderson to position the school for continued excellence and honor the legacy of her late husband John, for whom the school is named.

Anderson says her gift is motivated by her appreciation of the role and impact of UCLA Anderson as a global innovator in management education, and that it is a tribute to her husband’s passion for education and community priorities.

Sixty million dollars will be used to establish an endowment to support priorities such as student financial aid and fellowships, faculty and research funding, and program innovations to prepare future graduates for leadership positions in the 21st century global economy.

Forty million dollars will provide seed funding for a new building that will advance students’ learning and development experiences by adding technology-enhanced classrooms and spaces that connect students with faculty and alumni. The new building also will house research centers and faculty.

The school was named the John E. Anderson Graduate School of Management in 1987 in recognition of the first gift from John and Marion Anderson. John Anderson earned a bachelor’s degree in business administration at UCLA in 1940 and later founded Topa Equities, which owns and operates numerous businesses involved in agriculture, insurance, real estate, beverage distribution and automotive dealerships. He died in 2011 at the age of 93.

Marion Anderson is chair of Topa Equities. A Los Angeles resident, she also is a member of the UCLA Anderson Board of Visitors executive committee and the Centennial Campaign for UCLA executive committee.  She also is a member of the Children’s Hospital Los Angeles board of trustees. An endowed professorship and a courtyard at UCLA Anderson are named in her honor. With the most recent gift, the couple has donated $142 million to UCLA Anderson.

The $100 million donation formally launches Into the Next: The Campaign for UCLA Anderson, which is part of the Centennial Campaign for UCLA, a $4.2 billion fundraising drive scheduled to conclude in 2019, the university’s 100th anniversary. UCLA Anderson has already received gifts or pledges of more than $183 million toward its revised goal of $300 million for Into the Next.

Judy Olian, dean of UCLA Anderson, says she feels humbled by the generous gift. “From student fellowships to faculty recruitment and retention, to innovative research programs and the state-of-the-art facilities that will house them, Marion Anderson has enabled our future and empowered us with her confidence in the path we are taking.”

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HBS Introduces New Class of 2018 MBA Essay Question [#permalink]

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New post 15 May 2015, 10:00
FROM Stacy Blackman Consulting Blog: HBS Introduces New Class of 2018 MBA Essay Question
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Harvard Business School has decided to switch things up this season and will forgo the optional essay prompt of the previous two years. According to the admissions website, there is one question for the Class of 2018:

It’s the first day of class at HBS. You are in Aldrich Hall meeting your “section.” This is the group of 90 classmates who will become your close companions in the first-year MBA classroom. Our signature case method participant-based learning model ensures that you will get to know each other very well. The bonds you collectively create throughout this shared experience will be lasting.

Introduce yourself.

Note: Should you enroll at HBS, there will be an opportunity for you to share this with them.

Harvard Business School admissions suggests you watch this video about the Case Method before beginning to write. Note that there is no word limit for this question, but as always, the team stresses that the goal is not to overthink, overcraft, and overwrite. Just answer the question in clear language that anyone outside of your industry would understand.

You may also be interested in:
Harvard Business School 2015-2016 Application Deadlines

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Harvard Business School 2015-2016 Application Deadlines [#permalink]

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New post 15 May 2015, 10:00
FROM Stacy Blackman Consulting Blog: Harvard Business School 2015-2016 Application Deadlines
Harvard Business School has announced the following deadlines for the MBA Class of 2018.

Round 1
Application Due: September 9, 2015

Notification: December 2015 (date TBA)

Round 2
Application Due: January 6, 2016

Notification: March 2016 (date TBA)

Round 3
Application Due: April 4, 2016

Notification: May 2016 (date TBA)

***

Application materials are at 12 noon EST on submission deadline dates. To avoid overwhelming server traffic generated by the high volume of applications, candidates are encouraged to submit their application as early as possible prior to the deadline of each round. HBS encourages applicants to apply in the first or second round, as space in the class may be limited by the third round.

You may also be interested in:
HBS Introduces New Class of 2018 MBA Essay Question

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Harvard Business School 2015-2016 Application Deadlines   [#permalink] 15 May 2015, 10:00

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