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Stacy Blackman Representative
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Stacy Blackman’s Year in Review [#permalink]
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 29 Dec 2016, 10:00
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FROM Stacy Blackman Consulting Blog: Stacy Blackman’s Year in Review
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How is it possible that we’re already at the final days of 2016? Once again, the time is upon us to make new resolutions, push ourselves to learn and grow, and rededicate ourselves to our personal and professional goals.
With that in mind, we’d like to share some of our most popular blog posts from the past year, each selected to help you better prepare as you journey along the road to business school.
Considering a second MBA degree?—The idea of pursuing a second MBA degree may sound strange, but it happens with a small number of applicants during every admissions season and can make sense under the right, very specific, circumstances.
Avoid These 10 Pitfalls in MBA Application Essays—There are many ways to craft a stellar essay that will give the reader a better sense of who you are, but there are also several mistakes to avoid as you’re answering these required prompts. Make sure you sidestep the following pitfalls at all costs.
Weigh if an MBA Makes Financial Sense—An MBA is a long-term financial investment, so here are three questions to ask when trying to decide whether going to business school makes financial sense.
Choosing Among Multiple Offers of Admission—Despite the adage, “You can never have too much of a good thing,” in reality, multiple b-school acceptances can produce a lot of anxiety in candidates.
Push or Pull? The Decision to Leave the Military and Pursue an MBA—There comes a time in many military lives where those that wear the uniform wonder what it’s like on the other side – the civilian side to be exact. One of the most common routes to find out is through the pursuit of an MBA at a top-ranked graduate school of business.
Turn Failure Into a Great B-School Essay—MBA applicants often freak out when faced with this common admissions essay question because they fear that showing any weakness will torpedo their admissions chances. However, at one point or another, everyone faces adversity, failure or setbacks, whether at work or in life.
3 Ways to Offset a Low GPA When Applying to Business School—Your GPA matters because it tracks your performance over four or more years and demonstrates your ability to execute in an academic environment. If you have your heart set on attending one of the best business schools in the world but worry your undergraduate GPA could harm your chances, know that you generally still have a chance.
5 Ways to Prepare for the 1st Year of Business School—Whether you’re just starting to complete applications or you are about to embark on your first days as an MBA student, here are five ways to successfully prepare for your first year of business school.
4 Bad Reasons to Skip Applying for B-School—If you really believe that going to business school is the key to unlocking a more fulfilling and lucrative professional life, then don’t sabotage that goal by letting yourself get swayed by these four bad reasons for not pursuing an MBA degree.
How Important is a Campus Visit in MBA Admissions?—You might have experienced a moment of panic as you began to work on your MBA applications for Round 2. And it could have gone something like this: “Wait a second—I won’t have time to visit any schools before my materials are due! Does that put me at a disadvantage?” The answer is no.
Tips to Help You Ace Every B-School Interview Format—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.
Making the Most of Each MBA Application Component—Certain aspects of your package, such as your GMAT/GRE score and your undergraduate GPA, are truly data points in the most literal sense of the word. But everything else should be viewed as complementary chapters of an interesting story—a story about you.
***
My goal with this blog has always been to bring b-school applicants the latest news from the schools, insightful application and essay tips, and to explore major trends affecting the future of management education.
Thank you so much for making us a top destination for your b-school research. I hope this resource continues to serve you well as you embark on what is definitely a life-changing, career-boosting journey.
Have a wonderful holiday, and I’ll see you back here in 2017!
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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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So Long, 2016! [#permalink]
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30 Dec 2016, 10:01
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FROM Stacy Blackman Consulting Blog: So Long, 2016!
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As we prepare to welcome 2017 this weekend, it’s a time for reflection and anticipation. But odds are if you’ve been working on MBA applications, you’ve already been doing a lot of both over the past several months.
Updating your resume, brainstorming the most intriguing stories for your essays and reminding your recommenders of everything you worked on together is about as intense a walk down memory lane as it gets. You’ve spent weeks upon weeks reviewing your life’s accomplishments and navel-gazing in order to ensure your materials will show admissions committees who you really are.
Now we encourage you to take a break (even if it’s just for a day) and focus on looking forward.
If you already know where you’ll be heading in the fall—or are in the envious position of deciding between programs—then there’s no doubt 2017 is going to be a banner year. You have much to be excited about!
If you’ve been waitlisted, are putting the finishing touches on your Round 2 applications or are just beginning the application process for Round 3, we understand how stressful it is to have a good chunk of 2017 up in the air. But your future plans will all fall into place in due time. And once your materials are in, there’s no harm in testing out the power of positive thinking, right?
You could also make it a New Year’s resolution to look forward to bigger and better things in 2017—no matter what ends up happening with business school.
Or, you could take this slightly more cynical approach:
Happy New Year,
The team at Stacy Blackman Consulting
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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors
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Stacy Blackman | Stacy Blackman Consulting Inc | http://www.StacyBlackman.com | +1 323.934.3936
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Last-minute Round 2 MBA Application Tips [#permalink]
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03 Jan 2017, 11:01
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FROM Stacy Blackman Consulting Blog: Last-minute Round 2 MBA Application Tips
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Over the next week, more than a dozen top MBA programs will close out their Round 2 application periods. If you are targeting one of those schools and haven’t hit “Submit” yet, here are some last-minute tips for you:
- Ensure your recommendation letters are in. We’ve said it before and we’ll say it again: you know you’ll get your materials uploaded in time, but you simply can’t be as confident about your recommenders. If you haven’t received confirmation that they’ve submitted their letters, stop everything and do what you can to help them finish this critical task. Seriously. Right now. Go call them. (Don’t email or text them—call)
- Give both your resume and your essays to a family member or friend to review for typos. And just typos or other errors! At this point, it’s not wise to change much about the content itself, so be clear that you are not looking for their thoughts on whether there’s a better story to use or example to discuss. Their concern should be your spelling and grammar; this isn’t the time to second-guess your overall strategy.
- The application itself—or, the “data form”—also needs a careful review. Here are specific things to look for before you hand it over to someone else with fresh eyes:
- Spelling errors, missing letters/words, stray punctuation, inconsistent or incorrect punctuation. There’s no spell-check feature in most applications, and if you’re in a hurry, it’s easy to make a mistake.
- Consistency. Ensure you’ve remained consistent in everything from titles to organization names to date ranges across the data form, your resume and your essays. If something doesn’t match up across your materials, it may raise a red flag to the adcom.
- Redundancy. While you want to present your background consistently across each piece of your MBA application, if you simply copy and paste your resume bullets into data-form fields such as “Most significant accomplishment,” you’re wasting an opportunity to tell the adcom something new. Even if time is tight, you should be able to describe an achievement in a fresh way or give additional details that didn’t fit on your resume.
- Correct program name. The “optional essay” or “additional information” field in particular can be a dangerous one if you re-use the same content across applications—ensure you don’t have School X’s name in School Y’s materials.
Best of luck getting everything in!
Think of it this way:
Happy New Year! Don’t miss Stacy’s 2016 year in review!
***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
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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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UCLA Anderson on the Pros and Cons of Each Application Round [#permalink]
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04 Jan 2017, 15:01
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FROM Stacy Blackman Consulting Blog: UCLA Anderson on the Pros and Cons of Each Application Round
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Deciding in which round you should submit your MBA application can cause a lot of stress, as each seems to have its own pros and cons. As numerous business schools have second-round deadlines eminently, you might like to take a look at how the admissions team at the UCLA Anderson School of Management—whose R2 deadline is January 5th— views the pluses and drawbacks of each application round.
Here are just a few of the points made by the UCLA Anderson AdCom on the subject:
Applying in Round One
Pros: Applying early shows you’re serious about going to business school. In the case of UCLA Anderson, you have the best shot at merit-based fellowship funds in the first round. If you don’t get accepted in the first round you still have time to apply to other programs in Round 2.
Cons: Least amount of time to properly prepare for the GMAT/GRE. Also, the time factor may not allow enough time for you to pull together a high-quality application.
Applying in Round Two
Pros: Applying in this round allows you ample time to visit the school and make a convincing argument about fit based on those experiences on campus.
Cons: Competition is fierce as this is the most popular round. If you don’t get accepted, you may not have time to apply anywhere else this cycle.
Applying in Round Three
Pros: The final round offers the most time to continue enhancing your profile with promotions at work or deepen volunteer commitments that show off your well-rounded personality. You’ll also have time to re-take the GMAT or GRE multiple times if needed to get your score in a competitive range.
Cons: A capped class size makes this by far the most competitive round as there are fewer spots available in the class. You will likely be compared against many other individuals on the waitlist from earlier rounds.
The truth is that the admissions committees know what they are looking for. They have become pretty good at estimating numbers, and evaluating and accepting applicants that fit their criteria. The best strategy is not to play the game of which round, but to submit your application as soon as, but not until, it is ready.
***
Make 2017 the year you achieve your most ambitious professional goals! Take the first step by signing up for a completely free consultation with one of our all-star advisors. We can answer questions, provide advice and help set you up to make your MBA dreams come true in 2017. Sign up today at: www.stacyblackman.com/contact
Image by Flickr user Cam Evans (CC BY-ND 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
_________________
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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Ask the AdCom: Who are Some Famous Graduates of Your Program? [#permalink]
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05 Jan 2017, 13:00
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FROM Stacy Blackman Consulting Blog: Ask the AdCom: Who are Some Famous Graduates of Your Program?
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Hey everybody! We’re back with another installment of “Ask the AdCom,” where we share a wide range of tips, trivia, and advice from admissions team members from a dozen top business schools. Since AdCom members are human, too, we know our readers will enjoy seeing a different side of what makes these guys tick.
This fun space is not really about the application process but more about real-life topics, like what’s a good book to read, best place to study, where you can find a killer meal near campus, and all the fun stuff happening at b-school that creates those lifelong, cherished memories for MBA students.
We hope you become inspired, too!
Blake Mycoskie, founder and Chief Shoe Giver of TOMS Shoes
Today’s question is: Who are your famous alums?
John Roeder, Assistant Dean of Graduate Admissions at SMU Cox School of Business:
- Lamar Hunt, founder of the American Football League and owner of the Kansas City Chiefs
- Gerald J. Ford, Dallas-based billionaire
- Blake Mycoskie, founder of TOMS Shoes
- Ray Hunt, founder and CEO of Hunt Oil Company
- Thomas Horton, Chairman of AMR and American Airlines
Shari Hubert, Associate Dean of MBA Admissions at Georgetown McDonough School of Business:
- Guy Adami (B ’86), original member of CNBC’s “Fast Money” team
- Michael Chasen (MBA ’95), president and CEO of Social Radar, cofounder and former CEO of Blackboard (and a member of Georgetown’s Board of Directors)
- Jim Gaffigan (B ’88), stand-up comedian and actor
- Ted Leonsis (C ’77), chairman and CEO of Monumental Sports and Entertainment (owner of the Washington Wizards, Capitals, Mystics and the Verizon Center) and vice chairman emeritus of AOL (and chair of the board for Georgetown’s Entrepreneurship Initiative)
- Ann Sarnoff (B ’83), president of BBC Worldwide North America (and vice chair of the McDonough School of Business Board of Advisors).
- Maria Shriver (C ’77), NBC News anchor, former first lady of California.
- Lawrence Tosi (B ’90, L/MBA ’94), CFO of Airbnb, former CFO of The Blackstone Group (and a member of Georgetown’s Board of Directors)
Kelly R. Wilson, Executive Director of Admissions at CMU Tepper School of Business:
- David Tepper, Appaloosa Management
- James Swartz, Accel Partners
- Eric Butler, Union Pacific
- David Coulter, Warburg Pincus
- Brian Olsavsky, Amazon
- Cindy Padnos, Illuminate Ventures
- Keith Law, ESPN
- … and don’t forget famous Carnegie Mellon University alums such as artist Andy Warhol, actor Holly Hunter, “Last Lecture” author Randy Pausch, the late astronaut Judith Resnik and director George Romero.
Morgan Bernstein, Executive Director of Full-Time MBA Admissions at UC Berkeley-Haas School of Business:
- Paul Otellini, MBA 84, former CEO of Intel
- Shantanu Narayen, MBA 93, CEO of Adobe
- Barbara Desoer, MBA 77, CEO of Citibank
- Don Fisher, BS 51, founder of The Gap
Alex Lawrence, Assistant Dean of MBA Admissions at UCLA Anderson School of Management:
- Susan Wojcicki, MBA 98, CEO of YouTube
- Larry Fink, MBA 74, Founder, Chairman and CEO of Blackrock
- Bill Gross MBA 71, co-founder PIMCO
Judi Byers, Executive Director of Admissions and Financial Aid at Cornell’s Johnson Graduate School of Management:
- Ken Derr MBA ’60, retired Chairman and CEO, Chevron Corporation
- Michael Chen, MBA ’85, CEO, Chen & Associates. Former President, Strategic Initiatives Group, NBC
- Daniel Hesse, MBA ’77, former President & CEO, Sprint
- Ruth Bader Ginsburg ’54, United States Supreme Court Justice
- Abby Joseph Cohen ’73, President of the Global Markets Institute, Goldman Sachs & Co.
Virginie Fougea, Associate Director of Admissions at INSEAD:
- Tidjane Thiam, MBA ’88J, CEO Credit Suisse
- Barbara Kux, MBA ’84J, Board member of Total and Henkel and one of Fortune’s “most powerful women in business”
- Henry Engelhardt, MBA ’88J Admiral Insurance co-founder
- Grita Loebsack, MBA ’95D, CEO of Kering Luxury – Couture & Leather Goods
- Carole Ramella, MBA ’06D, Founder & Managing Director, GFA Consulting Ltd, a company based in Ghana that helps African businesses raise funds.
- Philippe Houzé, MBA ’74, President of Galeries Lafayette
Look out for the #AskAdCom in our social media channels, and we’ll keep you posted when we check in again to Ask the AdCom about even more interesting, unusual and inspiring happenings at their MBA programs.
****
Make 2017 the year you achieve your most ambitious professional goals! Take the first step by signing up for a completely free consultation with one of our all-star advisors. We can answer questions, provide advice and help set you up to make your MBA dreams come true in 2017. Sign up today at: www.stacyblackman.com/contact
Image via Flickr user Andy Sternberg, (CC BY-NC-SA 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
_________________
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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Snapshot of Darden’s MBA Class of 2016 Employment Report [#permalink]
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09 Jan 2017, 12:00
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FROM Stacy Blackman Consulting Blog: Snapshot of Darden’s MBA Class of 2016 Employment Report
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Students in the University of Virginia Darden School of Business Class of 2016 found a job market eager for their talents, with the most recent graduating class reporting a year-over-year increase in both average base salary and signing bonus, the school announced last week.
According to the new MBA Employment Report from Darden’s Career Development Center (CDC), graduates of the residential MBA program reported an average base salary of $122,806, up from $119,819 for the Class of 2015, and an average signing bonus of $31,370, up from $29,634 for the previous class.
“It’s validating for everyone at Darden to see this strong employment data,” said Jeff McNish, assistant dean of the CDC. “The annual employment report confirms that Darden helps students build skills and abilities employers demand and, most importantly, students are getting the jobs they want.”
Consulting moved to the top spot for most popular industries for the Class of 2016, attracting 38 percent of graduates, outpacing financial services, which drew 27 percent of graduates. Jobs in the field of technology have grown more popular in recent years, with 17 percent of the Class of 2016 taking technology positions.
The Class of 2016 also saw more international opportunities, with 9 percent of the Class of 2016 taking positions outside of the United States. Consulting, financial services and technology will likely remain leading choices for the next class of Darden graduates, as the three fields remained the top choices for internships for members of the Class of 2017.
You may also be interested in:
UVA Darden Launches IDEA Course
Interview Tips from the Darden MBA Program
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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
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CBS Professor Offers 5 Tips to Boost Your Confidence [#permalink]
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10 Jan 2017, 11:01
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FROM Stacy Blackman Consulting Blog: CBS Professor Offers 5 Tips to Boost Your Confidence
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Multiple times every day, people in homes and offices across the country are faced with a daunting decision: do I speak up and risk being penalized by or embarrassed in front of my friends, family, colleagues, or superiors; or do I remain silent, refrain from influencing a conversation or decision, and go unnoticed?
In a new TED Talk titled “How to Speak up for Yourself,” Columbia Business School professor and negotiations expert Adam Galinsky offers viewers an answer to this time-weathered dilemma. Through vivid and real-world examples, Galinsky offers viewers five steps to follow to increase their power, overcome insecurity, and boost their assertiveness in public settings.
“Each of us has something called a range of acceptable behavior. When we stay within this range we are rewarded; when we step outside of this range we are punished by being dismissed, demeaned, or ostracized,” says Galinsky, the Vikram S. Pandit Professor of Business at Columbia Business School. “To speak up, we need to both understand our range and also learn how and when to expand it. The key thing that determines that range more than anything else: your power.”
Galinsky provides a series of five tools that can be used to help increase power and improve assertiveness.
- Advocate for others (aka, the “Mama Bear Effect”). Advocating for others is easier than advocating for oneself. Thus, people can speak up and use behaviors that traditionally fall outside their range of acceptable behavior. Doing so helps people not only begin to understand their own ranges but also know how to expand them.
Perspective-Taking. Although this may sound easy, Galinsky calls perspective-taking one of the hardest – but most important – tools people have for better understanding and expanding their ranges of acceptable behavior. Research by Galinsky and others show that by better understanding what someone else really wants, that person is more likely to give you what you really want.Signal flexibility. The most effective way to signal flexibility is by giving people a choice. Providing people with a range of options and/or alternatives lowers their defenses and makes them more receptive to your point of view. Galinsky notes that this tool can work in a variety of situations, from selling a product to parenting a child.Gain allies. People feel most comfortable when they have social support in an audience. Galinsky advises that two easy ways a person can build allies are to be an advocate for others (see number one) and to ask people for their advice.Display expertise and show passion. Displaying expertise garners confidence from others, which in turn increases one’s power and expands one’s range of acceptable behavior. Audiences grant greater permission for people to speak up when they display passion for a topic.
“Speaking up can be risky, but these tools will help lower your risk,” says Galinsky. “Whether you’re offering advice to a family member or friend, or deciding whether to confront your employer about a pertinent issue at work, these steps will help increase your confidence, elevate your power, and improve your assertiveness by expanding your range of acceptable behavior.”
Image credit: Flickr user Equipe Integrada (CC BY-NC-ND 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
_________________
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
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Round 2 Updates from Michigan Ross [#permalink]
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11 Jan 2017, 14:01
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FROM Stacy Blackman Consulting Blog: Round 2 Updates from Michigan Ross
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The Round 2 deadline at Michigan Ross School of Business came and went just over a week ago, and the busy MBA admissions team is already prepared to send out the first wave of interview invitations at the end of this week.
Director of MBA Admissions Soojin Kwon updated the admissions blog today to inform R2 applicants of several key updates, and to explain that the second and final wave of invites will go out at the end of January. Whether you receive one early or later is not a reflection on how you “stack up” against other applicants, she assures.
Dates and locations for the team exercise outside of the United States are as follows:
- Sao Paulo (February 4)
- New Delhi (February 12)
- Shanghai (February 16)
- Tokyo (February 18)
Michigan Ross will invite waitlisted international applicants from Round 1 who have already had their one-on-one interviews to participate in team exercise in Round 2, Kwon says.
Meanwhile, on-campus interviews will run every Monday and Saturday from February 4 through February 20, and off-campus interviews will take place between January 23 and February 20.
As far as preparing for the interview is concerned, in an October post the director advised applicants to know their resume backwards and forward, and to thoroughly research the school. “Interviewers are proud of their school,” she said, and “Doing your homework on Ross demonstrates interest.”
Prepare to answer common interview questions such as: “Why do you want to get an MBA? Why do you want to do that at Ross? What do you hope to pursue after getting your MBA? Why?”
Your answers should be succinct, enthusiastic, and show that you’re prepared without sounding memorized. “Be authentic,” Kwon advised, but don’t worry too much because, as she adds, “You don’t need to try to ‘impress’ us.”
You may also be interested in:
Michigan Ross Director Calms Common Applicant Concerns
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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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Show Me the Money: Highest Paying Consulting Firms for New MBAs [#permalink]
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12 Jan 2017, 13:00
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FROM Stacy Blackman Consulting Blog: Show Me the Money: Highest Paying Consulting Firms for New MBAs
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As you know, consulting is a top industry of interest at business schools around the globe. Few career paths can match consulting when it comes to providing exposure to a wide variety of projects, geographical areas, company cultures…and then there’s the handsome compensation package to boot.
How handsome, you might ask? A recent article in BusinessInsider lists the highest paying consulting firms for newly minted MBA graduates using data supplied by Management Consulted, a company that helps candidates land consulting jobs.
To determine the top salaries earned by graduates in their first year out of b-school, Management Consulted pored over data from clients, spoke with industry insiders, and reviewed real offer letters from readers.
The Top Ten Highest Paying Consulting Firms
10. Strategy&
Total compensation: up to $204,900
Signing bonus:$25,000
Base: $152,000
Relocation:up to $3,000
Performance bonus: up to $24,900
9. KPMG
Total compensation: up to $205,000
Signing bonus: $35,000
Base: $140,000
Relocation: up to $5,000
Performance bonus: up to $25,000
8. EY
Total compensation: up to $206,700
Signing bonus: $25,000
Base: $145,000
Relocation: up to $5,000
Performance bonus: up to $31,700
7. Bain & Company
Total compensation: up to $215,000
Signing bonus:25,000
Base: $148,000
Relocation: up to $5,000
Performance bonus: up to $37,000
6. Parthenon-EY
Total compensation: up to $216,000
Signing bonus: $35,000
Base: $170,000
Relocation: up to $2,000
Performance bonus: up to $9,000
5. Deloitte
Total compensation: up to $221,250
Signing bonus:$25,000
Base: $149,000
Relocation: up to $2,500 if local; $10,000 otherwise
Performance bonus: up to $37,250
4. McKinsey & Company
Total compensation: up to $221,500
Signing bonus: $25,000
Base: $152,500
Relocation: $2,000 to $9,000
Performance bonus: up to $35,000
3. Accenture Strategy
Total compensation: up to $224,900
Signing bonus: $25,000
Base: $147,500
Relocation: up to $8,000
Performance bonus: up to $44,400
2. A.T. Kearney
Total compensation: up to $226,100
Signing bonus: $25,000
Base: $147,000
Relocation: up to $10,000
Performance bonus: up to $44,100
1. Boston Consulting Group
Total compensation: up to $229,100
Signing bonus: $30,000
Base: $147,000
Relocation: $2,000 to $8,000
Performance bonus: up to $44,100
According to Management Consulted, after working in the firm for over a year, one can typically expect a 12-20% increase in total cash (base + performance bonus). After working 2-3 years in a consulting firm, one either leaves the consulting firm or is promoted.
“Consulting salaries have been bullish for the past several years and the trend has continued into 2017,” Management Consulted concludes.
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Mapping Out Your MBA Application Timeline [#permalink]
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13 Jan 2017, 10:00
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FROM Stacy Blackman Consulting Blog: Mapping Out Your MBA Application Timeline
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Once you’ve decided to pursue an MBA, you’ve got your work cut out for you. Applicants need to fit studying for the GMAT, visiting schools, and developing essays in with other personal and professional commitments.
If you’re planning to apply to business school in the fall, come up with a game plan for completing the admissions components within a schedule that doesn’t necessitate sleepless nights and a jumbo bottle of Maalox. The best way to do this is to put together your MBA application timeline several months before your target deadlines.
Community Involvement: Now is a great time to deepen or establish your involvement with a community organization. If you have been involved with outside activities over the last couple of years, consider stepping your activities up a notch. Consider roles that will allow you to take a leadership position and create real impact before September. Offering to organize an event is a great discrete activity that will allow you to work in a team, have an impact, and show results.
Allot time for essays and the GMAT: The amount of time MBA aspirants will spend on their applications will vary, depending on writing abilities and general work efficiency. That said, plan to spend between 40 and 60 hours preparing four to eight applications. Non-native English speakers will also likely need to allot more time on their applications, particularly on writing, revising, editing, proofing, formatting, and inputting essays.
The other piece of this puzzle is, of course, the GMAT. Have you completed the GMAT and are you satisfied with your score? If you still need to take the GMAT, you have a lot of work ahead of you, as applicants typically devote at least 100 hours to test preparation. Depending on where you are in the process, you may have to take a prep class and perhaps take the test more than once. The good news is, Round One is still nine months out so you have time if you get serious soon.
Bolster your quant profile: An undergrad GPA hovering around 3.5 is generally considered fine. If your GPA is a 3.2 or below, or you majored in liberal arts, you may want to consider taking quantitative classes to enhance your academic profile. The MBA canon generally consists of Calculus, Statistics and Microeconomics.
If you took any of those classes in undergrad and scored a C or below you should certainly re-take the classes now. Where you take the class is much less important than the course material and grade (aim for A’s!!). The local community college is a great option.
Structure your work sessions: Some people work most efficiently when they can break up tasks into smaller, more manageable pieces, while others prefer to devote several hours to their writing in one sitting. MBA applicants should be aware of the way they work most effectively and structure their writing and editing sessions accordingly.
I typically recommend that candidates allocate two to three hours each time they sit down to work on their essays, particularly for the first few drafts. Essays should be approached holistically; you won’t have a compelling final product if you’ve only snatched 15 minutes here and 30 minutes there.
Conversely, most applicants should also avoid the “marathon session.” Few people are still sharp or creative eight hours into a writing and editing session. If you need to make up for lost time, try breaking it up with a session in the morning and another in the evening.
Allow some distance: Applicants should also build several weeks for reflection and feedback into their MBA timeline. If you can come back to your essays days later with fresh eyes, you’ll often think of a better example or more inspired language to illustrate a certain point. This won’t happen if you’re forced to work at warp speed.
Distributing your writing and editing over a reasonable period also makes it easier for friends, family, or colleagues to provide feedback. It’s unfair to ask someone to turn around comments in a 24-hour period, so provide them with a few days to give you their critiques. Leave yourself adequate time to reflect upon and incorporate their feedback.
The b-school application process is stressful, but careful planning will make the experience manageable and help you channel your energies into continually improving your candidacy until the moment you submit your applications.
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Words Can Change the World [#permalink]
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16 Jan 2017, 12:00
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FROM Stacy Blackman Consulting Blog: Words Can Change the World
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If you have an upcoming interview, take YOUR first step in interview prep with one of SBC’s interview packages.
Purchase today, January 16th, and receive two free interview guides of your choice. Simply forward purchase receipt to MLK@StacyBlackman.com and specify your two guides.
www.StacyBlackman.com/interview-prep.
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GMAC Survey Predicts Robust Job Market for MBA Grads [#permalink]
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17 Jan 2017, 12:00
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FROM Stacy Blackman Consulting Blog: GMAC Survey Predicts Robust Job Market for MBA Grads
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One of the strongest indicators of a healthy post-MBA job market can be found within the annual Year-End Poll of Employers, a survey conducted by the Graduate Management Admission Council (GMAC) near the end of each year. Hiring of b-school talent remains a priority in employers’ stated business goals for 2017, signaling expanded opportunities for competitive and high-performing MBA graduates.
Hiring Projected to Increase in 2017
The year 2017 looks to be positive for job-seeking business school graduates, as 83% of surveyed companies have plans to hire b-school graduates this year, whether an MBA or non-MBA candidate.
- Nearly 8 in 10 employers (79%) expect to hire MBA graduates in 2017, compared with 68 percent of the same companies that hired MBA candidates in 2016. Among companies planning to hire MBAs in 2017, 78% of employers plan of to hire as many or more of them than they did last year.
- The 2017 hiring forecast for graduates of master’s programs in management and accounting is on trend with past years, with about a third of employers expecting to hire candidates with master’s degrees in management (31%) and accounting (29%), up from actual hiring outcomes in 2016 for these candidates.
Not only are a greater share of companies planning to hire business school graduates in 2017, but these employers also plan to increase the number of MBA and non-MBA graduates they will hire, expanding the number of positions for job-seeking b-school graduates.
Internship Opportunities Plentiful for MBA Candidates
The end-of-year 2016 poll results show that nearly all companies surveyed offer internships to undergraduate and graduate-level students.
- Of companies that offer internships, 66% will offer internships to MBA candidates in 2017 and 82% of the companies that offer MBA internships plan to maintain or increase the number of MBA internship openings in the coming year.
- On a par with past years’ findings, a smaller share of employers also expects to offer internships to candidates in business master’s programs including Master of Accounting (17% of employers), Master in Management (16%), and Master of Finance (15%).
GMAC’s annual employer hiring data collected through the Corporate Recruiters Surveys show that internships are one of the most successful means for graduate business students to acquire needed work experience and get a leg up in the job search. For example, 57% of companies surveyed last spring said they hired more than half of their MBA interns from 2015 to full-time positions.
Completion of an internship has value not just in boosting employment opportunities after graduation, but in determining starting salaries for recent b-school graduates. Nearly a quarter (23%) of employers who responded to the 2016 Corporate Recruiter Survey reported that participation in an internship would positively influence the base starting salary offered to a new graduate business hire.
Results of the 2016 Year-End Poll of Employers reflect responses provided by 167 recruiters from more than 140 companies of varying sizes and industry sectors across the globe, including 31 companies listed among the Fortune 500, 21 of which are also included in the Fortune 100.
For more findings from the 2016 Year-End Poll of Employers, you can download the full summary report at www.gmac.com/employerpoll.
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Upcoming Video Interview? Add Lots of Practice to Your “To Do” List [#permalink]
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17 Jan 2017, 13:00
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FROM Stacy Blackman Consulting Blog: Upcoming Video Interview? Add Lots of Practice to Your “To Do” List
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If you have an upcoming video interview for schools including INSEAD, Yale SOM, Michigan Ross or Wharton, PRACTICE is essential to success. This awkward format requires you to think on your feet and record your answer to a question (or questions) while speaking into your computer screen. It’s a new format for many and one that requires some rehearsal in order to become comfortable conversing with a computer screen!
Stacy Blackman Consulting has an online video platform that grants you unlimited practice doing exactly this. You can answer from a wide menu of questions, record yourself, watch and assess, tweak and try again. Invest 30 minutes a night and reap the benefits of increased comfort level and more articulate answers when you have your live interview. You can even choose an interview to submit to the SBC team for review and professional written feedback.
Set yourself up for success with this small investment and rock your video interviews! Purchase your package here today.
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Waitlist Guidelines from UCLA Anderson [#permalink]
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18 Jan 2017, 12:01
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FROM Stacy Blackman Consulting Blog: Waitlist Guidelines from UCLA Anderson
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All MBA applicants are anxious to learn whether or not they’ve been admitted to their dream schools. For some prospective MBAs, however, those decision dates come and go… and they’re still in limbo. They’ve been waitlisted.
While this isn’t ideal, MBA applicants should celebrate the fact that their candidacy is strong enough to merit further consideration by the admissions committee. It’s a great sign that you are qualified to attend the program, and that the school is interested in your profile.
Each school has its own policy when it comes to wait list etiquette, and the admissions team at the UCLA Anderson School of Management has shared its protocol and suggestions for Round 1 candidates who now find themselves placed on the waiting list.
- If your application status indicates you have been placed on our waitlist, your name will remain on the waitlist until a final decision is made on your application or until you request your application be withdrawn.
- Waitlisted candidates (excluding those who withdraw) will be reconsidered for admission in subsequent rounds.
- Round 1 applicants will receive an update on their application status by the Round 2 decision deadline of March 29, 2017. Some candidates may be offered the option of remaining on the waitlist for consideration in Round 3.
- Remaining Round 1 and Round 2 waitlist candidates will receive an update on their application status by the Round 3 decision deadline of May 24, 2017.
- Anderson cannot give individual feedback to waitlisted applicants.
- Chances of being admitted off the waitlist are difficult to predict since the number of students admitted from the waitlist varies from year to year depending on the size/strength of the admit pool, number of admits who enroll, and other factors.
Unlike other MBA programs, UCLA Anderson does allow applicants to submit additional materials if there’s been a significant change that bolsters your candidacy, so be judicious when deciding what to send.
“We ask that you use your personal judgment and discretion in submitting additional information that is relevant to your application. Some examples include (but are not limited to): updated GMAT/GRE/TOEFL scores, promotions at work, and recent extracurricular accomplishments,” the adcom notes.
Exercise restraint in communications, but also convey your enthusiasm whenever possible, as they want to be sure you’ll say yes if admitted.
Finally, to all those waitlisted candidates out there, take heart. It’s not the news you wanted, but there are plenty of reasons to keep hope alive. You wouldn’t be on the wait list if you were not someone they thought could be a great addition to the class. Hang on and stay strong—and positive—as you wait out this last leg of the MBA admissions process.
Image credit: Flickr user monkeyc.net (CC BY-NC-SA 2.0)
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11 New Courses at Kellogg School Address Global Business Issues [#permalink]
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19 Jan 2017, 13:01
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FROM Stacy Blackman Consulting Blog: 11 New Courses at Kellogg School Address Global Business Issues
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Northwestern University’s Kellogg School of Management launched 11 new courses for the 2016-17 academic year, with topics that range from the business of social impact to leading startups to the human-machine partnerships of the future.
“With increasingly complex problems facing our rapidly changing business environment, curriculum innovation in the MBA program is key,” says Therese McGuire, Senior Associate Dean of Curriculum and Teaching. “As we train the future business leaders of the world, it’s critical to create new courses that foster innovation and take our students to the forefront of knowledge in their respective areas.”
Here’s a glimpse of what the new course offerings, which incorporate applied learning applications and guest speakers, include:
Human and Machine Intelligence (Adam Pah, Spring 2017)
Human and Machine Intelligence delves into new research findings on artificial intelligence and the applications for modern business leaders. Using sophisticated AI programs like IBM’s Deep Blue and Google’s AlphaGo, this course will develop students’ data science skills and teach them to apply “human+machine thought partnerships” to grow businesses.
“While there are many examples of machines outperforming humans at some tasks, its less clear when machines can augment human decision-making and creativity,” says Adam Pah, Clinical Assistant Professor of Management & Organizations.
“We will focus on how students can leverage machine intelligence, while discussing the possibility and limitations of machine-learning to enhance their output and performance beyond a human or machine alone.”
Launching and Leading Startups (Brad Morehead, Winter 2017; Carter Cast, Spring 2017)
Launching and Leading Startups examines some of the most challenging and pervasive problems faced by entrepreneurial CEOs – including evaluating markets, developing products, mitigating risk, and creating effective go-to-market strategies while leading teams and managing boards from the CEO “hot seat.”
“Our Kellogg Innovation and Entrepreneurship Initiative leadership team realized there was an opportunity to offer a broad survey course for innovative, entrepreneurially-minded students who want to gain exposure to entrepreneurship,” said Carter Cast, Clinical Professor of Innovation & Entrepreneurship.
“This will be a good class for students who are curious about entrepreneurship and who think they may pursue an entrepreneurial endeavor in the near future, whether through starting their own business, acquiring a business or joining an early-stage startup.”
Business of Social Change (Megan Kashner, Winter 2017) Business of Social Change studies a singular social issue to help students understand the causes, measurement, levers and outcomes inherent to the business of social change work. With this term’s focus on uneducated and unemployed American youths, students will hear from guest speakers including policy experts, large-scale employers of youth, impact measurement experts and experts on labor, detention and workforce development.
“We’ve added this new course to provide students with the foundational tools and approaches to follow a social or sustainability challenge from etiology to measurement to levers for change and impact,” says Megan Kashner, Clinical Assistant Professor in the Kellogg Public-Private Interface. “Students will complete this course with the skills to determine the roots of a problem and the paths to large-scale and market-driven change.”
Consumers, Culture and Leadership (Greg Carpenter, Fall 2016)
Consumers, Culture and Leadership explores how firms develop a deep understanding of customers, how leaders can create more agile, innovative organizations and how leaders can create new markets, redefine existing ones and deliver value to demanding buyers.
“Much of the thinking behind customer centricity was developed at Kellogg and remains central to our distinctive approach,” says Greg Carpenter, James Farley/Booz Allen Hamilton Professor of Marketing Strategy. “The timing seems right to offer a new course to more formally explore the rising influence of consumers, how organizations are transforming their culture to focus more on consumers, and successful leadership models for customer-centric firms.”
Other new courses for the 2016-2017 academic year include:
- Accounting: Global Financial Management and Reporting, Mark Finn, Spring 2017
- Finance: Capital Markets, Phillip Braun, Fall 2016; Ian Dew-Becker, Winter 2017
- Health Enterprise Management: Health Analytics, Eric Barrette, Spring 2017
- Kellogg Public-Private Interface: Sustainability Across The Enterprise, Klaus Weber, Spring 2017
- Managerial Economics: Thought Leadership Seminar: Issues in Developing Countries, Nancy Qian, Fall 2016
- Marketing: Mastering Marketing Technologies, Jonathan Copulsky, Winter 2017
- Marketing: Digital Marketing Strategy, Garrett Adam Johnson, Spring 2017
As the Kellogg School of Management continues to roll out new courses such as these, which emerged from cross-disciplinary strategic initiatives and academic departments, the school appears to be making good on its intentions to educate brave leaders and prepare its students to meet the real-world business challenges of tomorrow.
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Be Smart When Communicating with MBA AdCom [#permalink]
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23 Jan 2017, 11:01
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FROM Stacy Blackman Consulting Blog: Be Smart When Communicating with MBA AdCom
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After you’ve submitted your MBA applications and are waiting to hear back from programs, it’s normal to have a moment of panic—either immediately, or at some point a little later on. You’ve been agonizing over your materials for months, and now you just want to know where you’re going to end up already.
When that moment of panic hits, try to remind yourself that you pulled together the absolute best set of materials that you could. Everyone feels extremely anxious in the weeks between due dates and interview invitations, so if there’s anything you can do to keep your mind off of “The Wait”—do it.
What you shouldn’t do, however, is contact the school with “updates” on your candidacy. There are deadlines for a reason. If each of the thousands of hopefuls kept emailing and calling their dream programs after their materials were submitted, the admissions committee would never have time to actually read through those materials and make decisions. The best thing you can do is sit tight and let them do their jobs.
“But what if I just got an unexpected promotion?” you might say.
“What if I just singlehandedly brought in $2 million of new business to my firm?”
“What if I was let go from my job?”
“What if I just got to visit campus and sit in on a class and now there’s so much more I have to say about why this program’s the best fit for me?”
“What if…”
We’ve heard every type of scenario, but the reality is that it’s extremely rare for anything to happen to someone post-deadline (personally or professionally) that would actually change the adcom’s ultimate decision on your candidacy. They’re judging your fit with their program based on a lot of different factors—one new accomplishment probably wouldn’t be enough to sway their decision.
So please, resist the urge to call or email the admissions office after you’ve submitted your materials. Instead, plan to share any exciting updates with them during your interview.
And try not to stress out in the meantime. Remember:
***
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5 Times it Makes Sense to Apply to Only One MBA Program [#permalink]
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24 Jan 2017, 10:01
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FROM Stacy Blackman Consulting Blog: 5 Times it Makes Sense to Apply to Only One MBA Program
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This post originally appeared on Stacy’s “Strictly Business” MBA Blog on U.S.News.
While the majority of applicants target four to six MBA programs, deciding how many business schools to apply to is not a one-size-fits-all proposition. Some candidates decide to focus all of their energies on a single business school. The reasons range from the personal to the professional to the financial, and believe or not, this single-minded approach can pay off and actually increase your chances of getting in. Here you’ll find five scenarios where putting all of your eggs in one basket is a perfectly valid decision.
Location-specific requirements: Most applicants take location into consideration when coming up with their school list. Sometimes candidates prefer an urban environment over rural or warm climate versus cold. Often the location preference is industry-specific, such as applicants keen on finance who look exclusively at schools in or near New York City.
If you need to remain in your current region, or want to live in a specific city, you may have only one desirable MBA option available. Or, if you have the needs of a spouse or children to consider, you’ll likely search for a way to attend business school without uprooting the lives of your loved ones. The location requirement holds especially true for applicants considering part-time or evening MBA programs who plan to continue working while they earn their degree.
When we first met Olivia, she was living in Los Angeles and married with a small baby. She could not entertain the possibility of moving her family or planning extended time away for two years, and the only local school she wanted was UCLA Anderson School of Management. Olivia poured her heart into the Anderson application and once admitted, managed to juggle the demands of home and school like a champ. It was chaotic, but by staying local she minimized the upheaval and had the support of her family during this hectic and rewarding time.
Company sponsorship: If you are one of the lucky ones who will attend business school on your company’s dime, you may have to contend with the caveat that they will only sponsor a particular MBA program, or only a part-time program. If you plan to stay at the organization long-term, you might view the limitation on where you can earn that MBA degree educational subsidy is probably worth.
Highly specific career goals: The one-application approach can make sense for a person who has a very particular career path–say, healthcare, technology, real estate, etc. You might be very interested in a specific program offered by one school, or a teaching method, or a set of professors.
If you can determine which MBA program will likely connect you with the company you want to work for, and if that company only recruits at one program, then there’s probably only one place you really want to earn the degree.
One former client, Jeremy, had a good job at a tech startup in Menlo Park. He only wanted to remain in that world – exploring other startups, networking with tech entrepreneurs and executives, and remaining looped into that scene. He also wanted to keep working a few hours a week during school. Stanford Graduate School of Business was an ambitious choice, but the only school that his heart was really in. Fortunately, the gamble paid off and he received an admission offer from this prestigious program.
Joint application with partner: While this demographic makes up a small percentage of applicants, it’s a significant one. You’ll need to explicitly convey to the admissions committee that you and your partner are both applying to their program, as many schools consider couples applying together as a special case.
Schools generally don’t want to break up families or relationships, so if both candidates meet admission requirements, you may have an easier shot at entry. As you try to determine which school to target, research clubs and support available to married students and find out how other applicants presented their case to the admission committee.
Intuition: Some applicants have had their heart set on a single school ever since the idea of pursuing an MBA first started percolating. If you fall into this camp, you’ll have an easier time than many other applicants explaining to the admissions committee why X program truly is the only place for you.
Showing how you are a good fit for the program, and proving your utter commitment to attending that school, reassures the admissions committee that you will accept an offer of admission if given the chance. The admissions committee always had yield in the back of their minds when making admissions offers, and no school likes it when accepted candidates turn them down for a competing program. As an added bonus, it’s much easier to research and prepare for a single MBA application and completely tailor it to one school, as opposed to creating several unique applications at the same time.
Whatever your reasons for having a single b-school on your mind, make sure that your academic and professional profile is in line with the requirements and expectations at that particular school. This approach requires pragmatism and optimism in equal measure.
Image credit: Flickr user Stefan(CC BY-NC-ND 2.0)
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Stacy Blackman | Stacy Blackman Consulting Inc | http://www.StacyBlackman.com | +1 323.934.3936
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Do You Play Nice with Others? Advice for the Group or Team-Based Inter [#permalink]
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25 Jan 2017, 09:01
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FROM Stacy Blackman Consulting Blog: Do You Play Nice with Others? Advice for the Group or Team-Based Interview
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Business schools want to see how candidates interact with peers before anyone’s even admitted, which can be very telling. It’s not actually an interview, per se, because there is no Q&A with participants. Each school conducts the group interview somewhat differently, and this new evaluation model gives candidates the chance to work with a handful of their fellow applicants to solve real-world business scenarios as a team.
The exercise demonstrates how candidates approach and analyze specific situations and interact with other people, two critical components of business schools that have a team-focused learning style. Through observation of each member’s discussions and communication with the group, the admissions team hopes to glean deeper insight into each applicant’s interpersonal skills.
Although it’s a completely organic experience, there are ways you can prepare for the group interview that will increase your comfort level when the big day arrives. Start by speaking out more in groups or meetings at work. Applicants to the Michigan Ross School of Business do not receive any clues about the content of the group interview in advance, but if you’re applying to the University of Pennsylvania Wharton School, you’ll receive your team-based discussion prompt prior to the interview.
Wharton recommends that applicants spend about an hour in advance prepping for the discussion. If possible, we suggest that you gather a group of three or four other people and conduct a mock discussion. Record the session and take note of things like your body language, interrupting, or any tendencies to try to control the discussion.
MBA applicants can also practice the “Yes, and…” rule from improv, where you build on whatever your partner tries. In her bestselling memoir Bossypants, Tina Fey writes that “yes, and” is one of her core principles in all aspects of her life, and means “Don’t be afraid to contribute. It’s your responsibility to contribute. Always make sure you’re adding something to the discussion.” During the interview, seize any opportunities to either build upon or refer to someone else’s point.
Here’s what you don’t want to do during a group interview:
- Dominate the conversation
- Cut others off or dismiss someone’s idea entirely
- Raise your voice
- Roll your eyes, cross your arms, or display any other kind of negative body language
- Take out your phone or any other electronic device
Here’s what you should try to accomplish:
- Demonstrate you’ve done your research (if given a topic in advance)
- Listen—truly listen—to the others in your group when they speak
- Put the group’s goal ahead of trying to get airtime
- Offer to summarize if the conversation has reached a point where the group would benefit from a quick recap
To maximize your experience, stay flexible and focus on how you can propel the group forward and provide value to ensure the best possible outcome for your team. As many MBA applicants are born leaders who are used to taking charge, you’ll need to be conscious of the fact that you might be surrounded by lots of Type A personalities and need to adjust your style accordingly.
However, if you tend to be introverted, don’t let others intimidate you. If no one’s given you the chance to get a word in, you’re going to have to find an appropriate way to join the conversation before it’s too late. For its part, Wharton knows that leaders come in many forms, and the school reassures candidates that the team-based interview is designed to let all types shine, regardless of how outgoing or shy you are. Just be yourself, get a read on the group dynamic, and let the chips fall where they may.
At Michigan Ross, how you manage yourself within the group is the sole focus of the observers, so it doesn’t matter if your fellow participants are “weak”, or whether you’ve landed in a “bad” group. How you interact within the team, and how you interact with people who have different styles than you, will be foremost on the observers’ radar, Soojin Kwon, director of MBA admissions, explained.
Remember, whether they show it or not, everyone participating will be nervous. Even if the team or group exercise is optional at your school, don’t forgo the experience. 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.
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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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Stacy Blackman | Stacy Blackman Consulting Inc | http://www.StacyBlackman.com | +1 323.934.3936
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Tips for Waitlisted MBA Applicants [#permalink]
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26 Jan 2017, 15:01
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FROM Stacy Blackman Consulting Blog: Tips for Waitlisted MBA Applicants
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If you were a Round 1 or Round 2 applicant this season, over the last several weeks you may have received great news, upsetting news or a mix of both—otherwise known as placement on the wait list. First of all, the wait list is great feedback. It means that you are qualified to attend the program, and that the school was interested in your application and your profile. Unfortunately, it was a competitive year and they couldn’t offer you a solid place in the class. For most applicants, the wait list is a tough place to be.
Will I get in?
There is almost no way to know if you will be admitted off the wait list. It certainly does happen, often, yet you have little information about the ranking of the wait list, how many people are on the wait list, or whether the school will reach the yield they are looking for with regular applicants. Therefore, being on the wait list means a certain comfort with ambiguity. Hopefully you were admitted to another school and can decide whether to remain in limbo or not.
Should I stay on the wait list?
The decision to stay on the wait list depends on your interest level in the MBA program you have been waitlisted for. If it is your top choice, you may be willing to remain on the list until school begins, especially if you are willing to move quickly and give up a deposit on a school that has offered you firm admission.
If the wait-listing program is not your first choice, or you would like to settle your MBA plans before school starts, you may choose to remove your name from the list. It is a great service to another applicant if you do so promptly, allowing someone else a chance at their MBA dream.
Can I improve my chances of admission from the wait list?
You may be able to improve your chances. The number one rule of wait lists is to follow directions. The school provided you with instructions about how to handle the wait list process, and you must follow these directions to avoid having a negative impact on your standing with the admissions committee. If the school tells you that no additional materials are required, no additional materials are required, and you should not submit any under any circumstances.
If the MBA program does provide the option of submitting additional materials, apply consistent application strategy to the task. The AdCom may welcome letters of recommendation, improved GMAT scores or additional essays/letters from you. Carefully consider your strengths and weaknesses and what may be most beneficial in your situation.
When should I submit an additional letter?
If you have recently been promoted at work, have accomplished a personal goal, or have completed an academic class with a strong grade, it may be worth writing a letter to update the admissions committee with your news. Keep your letter factual, and do not repeat information that was already included in your original application.
Can I submit supplemental recommendations?
A supplemental recommendation may add information about you to strengthen your position on the wait list. If you have been involved in an extracurricular activity, know someone associated with the school, or can use a letter to strengthen a part of your application, the letter may be the right direction to proceed in. Make sure your additional recommendation is brief, focused and adds significant additional information to your overall profile.
What about updated GMAT scores/transcripts?
Factual information like improved GMAT scores or transcripts from successful business related classes could go a long way towards bolstering your chances.
While the wait list may be frustrating, it’s a positive indication for your application and you may be fortunate enough to receive final admission from your chosen program. Good luck!
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Which B-Schools Dominate Entrepreneurship? [#permalink]
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27 Jan 2017, 14:01
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FROM Stacy Blackman Consulting Blog: Which B-Schools Dominate Entrepreneurship?
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Are you itching to start your own company and wondering which business schools would best help you achieve that dream? Entrepreneurship is a super popular course of study at today’s b-schools. As someone who has started more than one successful company, I can attest that I leveraged a lot of my MBA classes and resources into my business ventures.
Let’s take a look at the latest Poets & Quants listing of the best b-schools for aspiring entrepreneurs. Since 2013, Poets & Quants has ranked startups based on one criterion: venture capital-backed funding.
“For the first time, Harvard Business School cannot claim to have more startups on the list than any other school. After dominating last year’s list with 42 ventures (out of 100 on the list), the HBS machine has dropped to 24 ventures raising a combined $618.29 million,” Nathan Allen writes. “Meanwhile, Stanford’s Graduate School of Business (…) added a startup from last year’s list to tie HBS at 24 total ventures raising a combined $958.64 million.”
2017’s top business schools for aspiring entrepreneurs:
Harvard Business School: 24 companies
Stanford Graduate School of Business: 24 companies
The University of Pennsylvania’s Wharton School: 12 companies
Columbia Business School: 11 companies
Northwestern’s Kellogg School of Management: 8 companies
MIT Sloan School of Management: 6 companies
NYU Stern School of Business: 5 companies
UC Berkeley Haas School of Business: 4 companies
UCLA Anderson School of Management: 3 companies
University of Texas Austin McCombs: 2 companies
The University of Virginia Darden School of Business: 2 companies
Sure, some of history’s most successful entrepreneurs did not go to business school, but the best MBA programs acknowledge they don’t actually create entrepreneurs…they merely nurture innate ability.
These elite programs offer a broad range of courses in entrepreneurship, as well as opportunities for networking with established entrepreneurs, launching start-ups, and developing the skills needed to start successful businesses. Even if alumni don’t become entrepreneurs immediately after graduating, their MBA degree provides the career flexibility and the skills that help them start businesses years later.
The excellent piece in Poets & Quants takes an in-depth look at specific companies started by various alumni, as well as the role of entrepreneurship centers at the schools. To see the complete list of the top 100 MBA start-ups, check out the full data set from Poets & Quants here.
You may also be interested in:
Ask the AdCom: Share a Cool Company Born of Your MBA Program
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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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Which B-Schools Dominate Entrepreneurship?
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