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The mbaMission Blog

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Diamonds in the Rough: Experiential Learning at the Carlson School of  [#permalink]

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New post 15 Dec 2016, 13:00
FROM mbaMission Blog: Diamonds in the Rough: Experiential Learning at the Carlson School of Management
MBA applicants can get carried away with rankings. In this series, we profile amazing programs at business schools that are typically ranked outside the top 15.

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With approximately 20 Fortune 500 companies located nearby—including UnitedHealth Group, Target, and U.S. Bancorp—the University of Minnesota’s Carlson School of Management boasts a robust network of corporate ties and high-profile recruiting opportunities. In fact, the Twin Cities placed first in Forbes’s 2011 rankings of the best U.S. cities for finding employment. Carlson also prepares its students with a pronounced hands-on approach to building leadership, management, and problem-solving skills.

Among the school’s more distinctive offerings, Carlson’s four Enterprise programs expose students to the areas of brand, consulting, funds, and ventures. The Enterprise learning experience is rather unique insofar as it operates as a full professional services firm, serving multiple clients and allowing students to work through real-world business challenges with senior management at major companies. In the Brand Enterprise program, for example, Carlson students have developed key marketing strategies for such brands as Cargill, Boston Scientific, Target, 3M, General Mills, and Land O’Lakes. Students in the Consulting Enterprise program have offered services to such companies as Best Buy, Northwest Airlines Cargo, Medtronic CRM Division, and Polaris. With approximately $35M in managed assets, the Carlson Funds Enterprise program ranks among the three largest student-managed funds in the world. Finally, the Carlson Ventures Enterprise program puts aspiring entrepreneurs in contact with experts, professionals, and investors.
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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mbaMission

Website: http://www.mbamission.com
Blog: http://www.mbamission.com/blog
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Friday Factoid: Program for Financial Studies at Columbia Business Sch [#permalink]

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New post 16 Dec 2016, 09:00
FROM mbaMission Blog: Friday Factoid: Program for Financial Studies at Columbia Business School
Already well known as a finance powerhouse, Columbia Business School (CBS) stepped up its finance game in 2010 with the establishment of the Program for Financial Studies. This umbrella initiative connects faculty who approach financial studies from a variety of disciplines with students, alumni, and external organizations. The program’s main goals are to support research, to enhance the CBS finance curriculum and related resources, and to create opportunities for the exchange of ideas between CBS students and faculty and members of the external finance community. Finance enthusiasts will enjoy the program’s case studies, including “The Norwegian Government Pension Fund: The Divestiture of Wal-Mart Stores Inc.,” written by Professor Andrew Ang, and “Don’t Be Evil: Google’s 2004 Dutch Auction Initial Public Offering,” written by the program’s director, Professor Laurie Simon Hodrick.
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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mbaMission

Website: http://www.mbamission.com
Blog: http://www.mbamission.com/blog
mbaMission Insiders Guides: http://www.mbamission.com/guides.php?category=insiders
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MBA Admissions Myths Destroyed: The Open Waitlist Is Not a Flood! [#permalink]

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New post 17 Dec 2016, 10:00
FROM mbaMission Blog: MBA Admissions Myths Destroyed: The Open Waitlist Is Not a Flood!
Have you heard the following admissions myth?

When a school that has placed you on its waitlist says that it wants no more information from you, this is some kind of “test,” and you should supply additional materials anyway.

As we have discussed in the past, this is patently not true.

Similarly, when programs tell their waitlisted candidates they are open to important additional communication, such applicants should not interpret this to mean constant communication. The difference is significant.

As is the case with any waitlist situation, before you do anything, carefully read the waitlist letter you received from the Admissions Office. Frequently, this will include a FAQ sheet or a hyperlink to one. If the school permits candidates to submit additional information but offers no guidance with respect to quantity, this does not mean that you should start flooding the committee with novel information and materials. If you have another potential recommender who can send a letter that highlights a new aspect of your profile, you can consider having him/her send one in, but you should not start a lobbying campaign with countless alumni and colleagues writing on your behalf.

Similarly, you could send the school an update email monthly, every six weeks, or even every two months—the key is not frequency or volume but materiality. If you have something important to tell the admissions committee that can help shape its perspective on your candidacy (e.g., a new project, a promotion, a new grade, an improved GMAT score, a campus visit), then you should share it. If you do not have such meaningful information to share, then a contrived letter with no real content will not help you. Just because you know others are sending letters, do not feel compelled to send empty correspondences for fear that your fellow candidates might be showing more interest. They just might be identifying themselves negatively via their waitlist approach.

Take a step back and imagine that you are on the admissions committee; you have one candidate who keeps you up to date with a few thoughtful correspondences and another who bombards you with empty updates, emails, and recommendations that do not offer anything substantive. Which candidate would you choose if a place opened up in your class? When you are on the waitlist, your goal is to remain in the good graces of the admissions committee. Remember, the committee members already deem you a strong enough candidate to take a place in their class, so be patient and prudent, as challenging as that may be.
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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mbaMission

Website: http://www.mbamission.com
Blog: http://www.mbamission.com/blog
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GMAT Impact: The Master Resource List for Reading Comprehension (Part  [#permalink]

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New post 18 Dec 2016, 09:01
FROM mbaMission Blog: GMAT Impact: The Master Resource List for Reading Comprehension (Part 1 of 4)
With regard to the GMAT, raw intellectual horsepower helps, but it is not everything. In this weekly blog series, Manhattan Prep’s Stacey Koprince teaches you how to perform at your best on test day by using some common sense.

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The Pep Talk

So, let me get this straight. The GMAT test writers are going to give me somewhat obscure, very dense topics with very complicated ideas and sentence structures. I am going to have about three minutes to read this passage, and then I have to start answering questions about the material. That is a completely artificial setup; it would never happen in the real world!

Actually, yes it will. You are going to do lots of case studies in business school. You often will not be given enough time to read through every last detail carefully; instead, you will have to determine relative levels of importance and concentrate on the most crucial pieces, while putting together a framework for the main ideas and the big changes in direction or opinion.

At work, you often have to make decisions based on incomplete information. At times, you actually do have a ton of information—but not enough time to review it all before you have to take action. These situations are far from rare in the real world.

So when you find yourself a bit unmotivated because you know you have got to study boring Reading Comprehension (RC) today, remind yourself that RC will actually help you develop much-needed skills for business school and beyond!

The Disclaimers

First, this list includes only free resources, no paid ones. Second, this list is limited to my own articles simply because I am most familiar with my own material. There are a lot of good resources out there that cost some money and/or were not written by me—those resources are just not on this list!

How to Read

Before you dive into individual question types, you must know some overall processes for RC, starting with how to read! You already know how to read in general, of course, but do you know how to read RC?

You will notice that the first article, linked to in the previous paragraph, discusses not only what to read but also what not to read. When you have only a few minutes, you also need to know what you can skip or skim (and how to make that decision). For more, check out this lesson on what to read and what not to read.

If, after trying the suggestions from this article, you still find yourself really struggling with either reading speed or comprehension, here are some resources to help you improve your reading skills. This article is especially important for people who do not read regularly in English, either for work or for fun; this is particularly true if your native language is also not English and you did your undergraduate studies in another language.

Finally, one of our two main goals when first reading a passage is to find the main point. (The other main goal is to take some light notes on each paragraph to understand the organization of the information.)

When you have mastered those skills, you will be ready to learn how to tackle the questions. Check back next week to learn how!
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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mbaMission

Website: http://www.mbamission.com
Blog: http://www.mbamission.com/blog
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Monday Morning Essay Tip: Start with Your Strongest Accomplishments [#permalink]

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New post 19 Dec 2016, 09:01
FROM mbaMission Blog: Monday Morning Essay Tip: Start with Your Strongest Accomplishments
When preparing personal statements that require significant information about career progress, many MBA applicants choose to discuss their accomplishments in chronological order. Although the simplicity of this approach makes it an attractive one, we encourage you to consider an alternative to showcase your more recent and thus potentially stronger accomplishments first. By choosing this alternate approach, you may capture your reader’s imagination more quickly and reduce the risk of being lost amid similar candidates.

Consider the examples of a software analyst who is now a project manager managing a budget and leading a team of 20 programmers, and of an investment banking analyst who is now in his/her third year with a company and has been sent abroad to work directly with a CFO:

The Project Manager:

Chronological: “Joining ABC Technology as a software programmer, I…”

Reverse: “Scrutinizing my plan one last time, I waited to present my team’s $3.7M proposal to our client…”

The Investment Banker:

Chronological: “As an investment banking analyst at Deutsche Bank, I started…”

Reverse: “Arriving in Taipei, I was admittedly nervous to finally meet the CFO of XYZ Co. and lead my firm’s due diligence process…”

In these examples, the candidates immediately present their standout accomplishments and thrust the reader into the excitement of their stories. Although this kind of reverse introduction is not “all purpose,” it can be a feasible option in many circumstances. Still, in choosing this approach, the candidate must also be able to fluidly return to earlier moments in his/her career later in the essay—a task that requires creativity and skill.
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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mbaMission

Website: http://www.mbamission.com
Blog: http://www.mbamission.com/blog
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Mission Admission: Be on Your Best Behavior When Visiting Campus! [#permalink]

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New post 20 Dec 2016, 10:00
FROM mbaMission Blog: Mission Admission: Be on Your Best Behavior When Visiting Campus!
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Mission Admission is a series of MBA admission tips; a new one is posted each Tuesday.

We encourage MBA candidates to visit their target schools, because doing so can not only make a positive impression on the admissions committee, but also give candidates the opportunity to personalize their applications (essays and interviews, in particular—depending on the timing of the visit) and may even help them select their schools. But remember, whenever you visit campuses, you should always be on your best behavior.

Although the receptionist in the Admissions Office is not a “spy,” and your tour guide’s main concern is not to inform the admissions committee of your actions or comments, both of these individuals will likely feel compelled to report any bad behavior to the committee. We spoke with one former receptionist (now an admissions committee member) at a top-ranked school who said that if she encountered rudeness from a visiting candidate, she would make note of it and send a message about the incident to the admissions director—who would subsequently remove the candidate from consideration for admission. Although we imagine most candidates plan to be on their best behavior during any school visit, we nevertheless offer this important reminder.
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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mbaMission

Website: http://www.mbamission.com
Blog: http://www.mbamission.com/blog
mbaMission Insiders Guides: http://www.mbamission.com/guides.php?category=insiders
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B-School Chart of the Week: November 2016 Social Currency Rankings [#permalink]

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New post 20 Dec 2016, 14:00
FROM mbaMission Blog: B-School Chart of the Week: November 2016 Social Currency Rankings
Rankings come in all shapes and sizes, but can any ranking truly capture social cachet? For a different perspective on the value of an MBA, we turn to the New York Times society pages, where the editors select and profile promising couples. Each month, we dedicate one B-School Chart of the Week to tallying how alumni from top-ranked business schools are advancing their social currency ranking.

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Like many couples planning their weddings, MBAs seem to have a preference for hosting their nuptials during the summer season. This is evident in the New York Times wedding section, which profiled only 18 unions involving MBAs in November—half the number that the newspaper covered in July, for example. Harvard Business School (HBS) was the only school to boast a double-MBA wedding this month: newlyweds Valerie Gong and Gregory Ambrosia both received their business degrees from HBS. Graduates from the New York University Stern School of Business, Columbia Business School (CBS), and Yale School of Management were quite busy as well, as three MBAs from Stern and two from both CBS and Yale tied the knot last month. With only a few weeks left in the year, are MBAs racing to the altar in December?
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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Jen Kedrowski
mbaMission

Website: http://www.mbamission.com
Blog: http://www.mbamission.com/blog
mbaMission Insiders Guides: http://www.mbamission.com/guides.php?category=insiders
Free Consultation: http://www.mbamission.com/consult.php

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Professor Profiles: Gavan Fitzsimons, Duke University’s Fuqua School o [#permalink]

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New post 21 Dec 2016, 09:01
FROM mbaMission Blog: Professor Profiles: Gavan Fitzsimons, Duke University’s Fuqua School of Business
Many MBA applicants feel that they are purchasing a brand when they choose a business school. However, the educational experience you will have is what is crucial to your future, and no one will affect your education more than your professors. Each Wednesday, we profile a standout professor as identified by students. Today, we focus on Gavan Fitzsimons from Duke University’s Fuqua School of Business.

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Students and administration members alike sing the praises of Fuqua’s “fun” and “engaging” marketing professor, Gavan Fitzsimons, who spearheaded the creation of the Duke/Synovate Shopper Insights Center for Leadership and Innovation in 2011. Fitzsimons is the R. David Thomas Professor of Marketing and Psychology at Fuqua. His work, which focuses on the ways in which consumers are subconsciously influenced, has been published and popularized in prestigious academic journals and media outlets from the Journal of Consumer Research and the Journal of Marketing Research to NPR, CNN, and the Wall Street Journal. Fitzsimons has also served as an associate editor of the Journal of Consumer Research.

For more information about Duke Fuqua and 15 other top-ranked business schools, check out the mbaMission Insider’s Guides.
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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Jen Kedrowski
mbaMission

Website: http://www.mbamission.com
Blog: http://www.mbamission.com/blog
mbaMission Insiders Guides: http://www.mbamission.com/guides.php?category=insiders
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MBA Career News: Ending the Interview Strong [#permalink]

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New post 21 Dec 2016, 15:00
FROM mbaMission Blog: MBA Career News: Ending the Interview Strong
In this new blog series, our mbaMission Career Coaches offer invaluable advice and industry-related news to help you actively manage your career. Topics include building your network, learning from mistakes and setbacks, perfecting your written communication, and mastering even the toughest interviews. To schedule a free half-hour consultation with one of our mbaMission Career Coaches,click here.

As you come to the end of the allotted time with your interviewer, he/she will likely give you the chance to ask a few questions. Although you may think the hard part of the interview is over, do not lose focus. These last few minutes can be really important for accomplishing the following:

  • Reiterating your interest in and qualifications for the position
  • Demonstrating your understanding of the company’s challenges
  • Gathering more information about the company and the role
  • Furthering your rapport with the interviewer
We suggest preparing five to seven questions to ask at the end of each interview, but you will likely only have time to ask one to three questions.

What types of questions are appropriate to ask?

We recommend asking questions that relate to the job (day-to-day responsibilities and metrics of success), the interviewer (his/her personal experiences at the firm), the company and/or team (mission, culture), and next steps (when you should expect to hear back). Remember, you don’t have the job (yet), so keep your questions positive and not too probing or direct. You will have the chance to ask a lot more questions after an offer has been extended to determine if the job is the right fit for you.

Smart questions are tailored to the situation based on the following considerations:

  • The interviewer (his/her role, level of seniority): Ask questions about topics on which the interviewer will have insight and upon which he/she can comment. Do not ask a very senior-level executive about the day-to-day responsibilities of an associate role, for instance; instead, ask about the future of the firm.
  • Your interest: Demonstrate your level of company knowledge by asking questions that build on information you already have about the role/company or that can help you better understand the opportunity/company.
  • Your desire to learn more: Do not ask simple “yes” or “no” questions, but focus on open-ended questions that will get both of you talking and will allow you to learn more about the opportunity.
  • Previously asked/answered questions: Make the end of the interview as conversational as possible. If you ask a question and your interviewer provides an answer, consider if there is a follow-up question you want to ask based on his/her initial response.
As you prepare for your interview, consider the following sample questions:

  • What are the immediate projects that need to be addressed in this role?
  • What makes an employee successful in this role? or What attributes are necessary to be really successful in this role? or What constitutes success in this position and at this company?
  • What are the biggest challenges that someone in this position will face? or What is the single largest problem facing your staff, and would I be in a position to help you solve this problem?
  • I’m really excited to leverage my experience in X to help with the product launch of Y. Can you tell me more about the goals for this new product?
  • Can you tell me about the team I’ll be working with?
  • What has been the biggest accomplishment of this group?
  • Why did you decide to join this firm? or Throughout my networking, I heard from many people that the company culture is what attracted them to the firm. Why did you decide to join the firm?
  • What is your biggest accomplishment at the firm?
  • Can you tell me what you love most about working here?
  • How would you describe the work environment here, and can you give me a specific example?
  • Where do you see this company in the next few years?
  • What are the company’s primary goals, and how does this team work to help accomplish those goals?
  • What gets you most excited about the company’s future?
  • What are the next steps in the process?
Have you been admitted to business school? If so, do you want to get a head start on defining your career goals? Do you need help preparing for job interviews or learning how to effectively network with your target employers? Or maybe you want to be a top performer in your current role but are unsure how to maximize your potential. Let an mbaMission Career Coach help via afree 30-minute consultation!
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

_________________

Jen Kedrowski
mbaMission

Website: http://www.mbamission.com
Blog: http://www.mbamission.com/blog
mbaMission Insiders Guides: http://www.mbamission.com/guides.php?category=insiders
Free Consultation: http://www.mbamission.com/consult.php

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Beyond the MBA Classroom: Lounging at Yale’s Gryphon’s Pub [#permalink]

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New post 22 Dec 2016, 10:00
FROM mbaMission Blog: Beyond the MBA Classroom: Lounging at Yale’s Gryphon’s Pub
Gryphon’s Pub

When you select an MBA program, you are not just choosing your learning environment, but are also committing to becoming part of a community. Each Thursday, we offer a window into life “beyond the MBA classroom” at a top business school.

Located in a Gothic-style building on York Street in the heart of Yale University’s Old Campus, Gryphon’s Pub has been run by the Graduate and Professional Student Center at Yale (known more commonly as simply GPSCY) since the early 1970s. This members-only club is managed by Yale graduate students and features several lounges, a big-screen TV, pool tables, and regular drink specials. Membership dues ($20) are considered a bargain, given the $2–$5 cover charge (which members are not required to pay) and the frequency with which students tend to find themselves at Gryphon’s!

For in-depth descriptions of social and community activities at the Yale School of Management and 15 other top MBA programs, check out the mbaMission Insider’s Guides.
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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mbaMission

Website: http://www.mbamission.com
Blog: http://www.mbamission.com/blog
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Diamonds in the Rough: Intimate Class Size at Mays Business School [#permalink]

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New post 22 Dec 2016, 14:01
FROM mbaMission Blog: Diamonds in the Rough: Intimate Class Size at Mays Business School
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MBA applicants can get carried away with rankings. In this series, we profile amazing programs at business schools that are typically ranked outside the top 15.

Texas A&M University’s Mays Business School offers a full-time, 49-credit MBA curriculum that can be completed in just 16 months (over an 18-month period of August to December) or customized for an extended period of time. Although the core curriculum is very rigid, with foundational management courses spanning the entirety of the program, Mays also offers the option of pursuing certificates and career specializations beyond the 16-month core.

What really stands out about the Mays program, however, is its dedication to maintaining a strong sense of community. The school’s relatively small class size—the 2015 incoming class, for example, featured 65 students—facilitates an intimate classroom setting and personalized attention from faculty and staff.
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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mbaMission

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Friday Factoid: Pursue Marketing at UPenn Wharton [#permalink]

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New post 23 Dec 2016, 10:00
FROM mbaMission Blog: Friday Factoid: Pursue Marketing at UPenn Wharton
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Perennially ranked among the top business schools in the world, the Wharton School of the University of Pennsylvania appears to be best known for its reputation in finance—as its original name, the Wharton School of Finance and Commerce, would imply. Nevertheless, the school prides itself on its breadth and depth of expertise in a multitude of business areas.

For instance, consider these facts about Wharton’s highly regarded marketing program:

  • Wharton has “the largest, most cited, and most published marketing faculty in the world,” according to the marketing department’s Web site.
  • The school’s marketing department was ranked #2 in the 2017S. News & World Report MBA rankings by specialty.
  • A Wharton marketing professor developed conjoint analysis, a tool that has helped shape 20th century marketing practices.
  • The Marketing Club’s annual conference brings together approximately 300 students, faculty members, alumni, and leading marketing experts to explore various themes central to the industry. In 2016, the conference—themed “Building Brand Affinity: How Companies Move Beyond the Product”—featured keynote speeches by an editor at the CMO Network at Forbes, the account lead of luxury fashion brands at Google, and the chief marketing and brand officer at Chobani. Panelists hailed from such companies as Unilever, Vroom, and Thinkwell Marketing. Indeed, to dismiss Wharton as simply a finance school would be a mistake.
For a thorough exploration of what UPenn Wharton and other top business schools have to offer, check out the mbaMission Insider’s Guides.
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Focal Upright Founder Martin Keen on How He Launched Two Businesses fr [#permalink]

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New post 23 Dec 2016, 13:00
FROM mbaMission Blog: Focal Upright Founder Martin Keen on How He Launched Two Businesses from a Desire to “Create Tools that Help Humans”
Today, many aspiring MBAs and MBA graduates want to join start-ups or launch such companies themselves. Is entrepreneurship as exciting as it seems? Is it really for you? mbaMission Founder Jeremy Shinewald has teamed up with Venture for America and CBS Interactive to launch Smart People Should Build Things: The Venture for America Podcast. Each week, Shinewald interviews another entrepreneur so you can hear the gritty stories of their ups and downs on the road to success.

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mbaMission Founder/President Jeremy Shinewald (left) with Focal Upright Co-Founders Martin Keen (center) and Mary Hall Keen (right).

Martin Keen is no stranger to craftsmanship: his father and grandfather built shoes and furniture, largely foretelling Keen’s own career. His two businesses, Keen Footwear and Focal Upright, were both born out of needs obvious to Keen. His footwear business began when he designed a protective shoe for sailors after years of sailing (and injuring!) himself. Later, his ergonomic furniture venture stemmed from the ill effects he experienced as a result of prolonged sitting and bad posture. Keen is also a notable supporter of Venture for America and has hired multiple VFA Fellows during his career. Listen to the podcast episode to hear his story, including these details:

  • Why it took seven years for Focal Upright to launch after Keen first came up with the idea for the company
  • How industrial design school helped him turn the ideas in his head into reality—and how the German viewpoints of the school changed his way of thinking
  • How appearing at the ICFF, a well-known furniture fair in New York City, gave Focal Upright a push forward
Subscribe to the podcast series to be among the first to hear each episode as it is released!
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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MBA Admissions Myths Destroyed: Admissions Is a Science! [#permalink]

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New post 24 Dec 2016, 09:01
FROM mbaMission Blog: MBA Admissions Myths Destroyed: Admissions Is a Science!
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What does a 3.8 GPA + a 670 GMAT score + four years of work experience + three years of community service equal? It could equal a letter of admission or rejection. However, knowing with absolute certainty is impossible because admissions is not a science. If it were, the Admissions Office would just do away with the entire time- and resource-consuming admissions process and use a simple formula. Why not make life that much easier for everyone?

In some countries, simple tests are used to establish benchmarks—a candidate gets into a top MBA program with a score of X but not with Y. Some U.S.-based graduate programs have cutoffs for GRE scores or situations in which GMAT/LSAT scores and grades are definitive. Plainly put, no clear-cut criteria exist with top global MBA programs. Instead, the admissions committee reads a file holistically and seeks evidence of the applicant’s ability to contribute in class and perform at the highest levels post-graduation.

Although trying to reduce the MBA admissions process to a science can be tempting, doing so would be unwise. By listening to chatter on message boards or blogs about the “right GMAT score” or the “right amount of work experience”—rather than keeping in mind that the process is holistic in nature, meaning that the admissions committees evaluate all criteria with no particular scorecard—you are wasting valuable time and energy. Simply be your best candidate and present your full story, rather than focusing on stats.
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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GMAT Impact: The Master Resource List for Reading Comprehension (Part  [#permalink]

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New post 25 Dec 2016, 09:01
FROM mbaMission Blog: GMAT Impact: The Master Resource List for Reading Comprehension (Part 2 of 4)
With regard to the GMAT, raw intellectual horsepower helps, but it is not everything. In this blog series, Manhattan Prep’s Stacey Koprince teaches you how to perform at your best on test day by using some common sense.

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In Part 1 of this series, we discussed how to read Reading Comprehension (RC); if you have not yet read that post, do so now and then continue with this post.

The RC Question Types

Do you remember the last thing I said at the end of the first post? When you have mastered the reading skills, you are then ready to tackle the questions. Do not make the mistake of thinking that you can ignore the previous post and just go straight for the questions. You will be slower, and you will make more mistakes if you do that.

RC has three main question types: Main Idea, Specific Detail, and Inference. Each of those question types can have nuances or subtypes. We will tackle the first two in this post and cover Inference and the minor Why question type in next week’s post.

Main Idea

Most passages will include one Main Idea category question. Most commonly, you will be asked for the “primary purpose” (i.e., the main idea) of the entire passage, though a question could also ask for the primary purpose or role of just one paragraph.

If you are asked for the purpose of the entire passage, then the correct answer has to cover the overall “real estate” of the passage as a whole. Wrong answers will often be too narrow (e.g., something that applies primarily to just one paragraph) or too broad (e.g., something that includes the main idea but goes beyond it to encompass ideas that were not presented in the passage). Follow the link at the beginning of this paragraph to get some practice.

Specific Detail

This category refers to questions that ask about a particular detail in the passage. Most commonly, these questions will begin with “According to the passage…” Your task on these is to find an answer choice that matches something stated specifically in the passage.

That sounds easy—if the information is stated right there in the passage, how hard can it be?

As you already know very well, they can make it quite hard. First, the language in the passage is seriously complex; it is not always easy to understand what they are talking about. Second, right answers will often contain synonyms for words that appeared in the passage, while some wrong answers will often contain the exact language used in the passage. If you are not careful, you will be tempted to cross off that right answer because the language does not match exactly!

Specific Detail Rule: Use the question wording to figure out where to go in the passage. Then reread that detail carefully. Do NOT rely on your memory!

Why not? I was once taking a standardized test (not the GMAT, but similar), and I was about to pick an RC answer. Then I remembered that I should check the proof in the passage first, so—even though I was sure I was right!—I made myself find the proof.

The passage was about some mammals, one of which was the kangaroo rat. I looked at the passage, glanced back at my answer…and suddenly realized that the answer said kangaroo not kangaroo rat! I would have been really mad to get a question wrong for that reason!

The moral of the story: find the proof in the passage. Every single time.

Try this specific detail question to get started. Want another? Here you go.

Join us next week, when we will discuss the third major category, Inference, as well as the minor Why question type.
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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Blog: http://www.mbamission.com/blog
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Monday Morning Essay Tip: Use the Active Voice to Enliven Your Writing [#permalink]

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New post 26 Dec 2016, 09:01
FROM mbaMission Blog: Monday Morning Essay Tip: Use the Active Voice to Enliven Your Writing
Many writers use the passive voice in their essays, but the best writers know it should be used only rarely, if ever.

The passive voice puts the verb in the “wrong” place in the sentence, thereby removing the “action.” Subjects become acted upon rather than performing actions. Sentences with the passive voice typically include verb phrases such as “was” or “has been” (e.g., “it was determined,” “the project has been completed”).

Consider this example of the passive voice:

“The marathon was run despite my injury.”

In this sentence, the verb (or action) is diminished because the writer says the marathon “was run.” A better way of describing the same activity is to use the active voice, as illustrated in this example:

“I ran the marathon despite my injury.”

Here are two more examples:

Passive: “The contract was awarded to us.”

Active: “We won the contract.”

Passive: “It was decided that I would be in charge of the project.”

Active: “My boss selected me to be in charge of the project.”

Remember—you are the center and subject of your essays. The best way to tell your stories and explain your accomplishments is to make sure that you are the catalyst of the stories you tell. Using the active voice ensures that the admissions committee(s) will see you as an active person who makes things happen.
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Mission Admission: Start Advancing Your Personal Goals Now [#permalink]

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New post 27 Dec 2016, 10:00
FROM mbaMission Blog: Mission Admission: Start Advancing Your Personal Goals Now
Mission Admission is a series of MBA admission tips; a new one is posted each Tuesday.

As we have previously discussed in this blog series, it is never too late to improve your business school candidacy by engaging in community activities. Today, we send a similar message with regard to personal leadership—you always have time to take steps to bolster your chances of admission.

Many candidates completely ignore the personal side of their candidacy. But if you have, for example, completed a triathlon, learned a language, published an article, or simply been an inordinately dedicated neighbor/sibling/mentor in an unofficial capacity, your story can provide an interesting point of differentiation. So, if you have an activity or adventure in mind that you would otherwise complete later anyway, go ahead and pursue it now. We are not suggesting that you start writing poetry tomorrow in hopes of getting something published—but if you are a dedicated poet and have poems that you have long intended to submit, do so now. If you can run 20 miles and have always planned to run a marathon, do it now. These kinds of personal stories can help set you apart from your fellow applicants.
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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B-School Chart of the Week: The Class of 2015 Employment Placement by  [#permalink]

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New post 27 Dec 2016, 14:00
FROM mbaMission Blog: B-School Chart of the Week: The Class of 2015 Employment Placement by Industry
Around this time of the year, business schools release employment placement information for the most recent graduating class. While we wait for all the top-ranked schools to publish their Class of 2016 employment statistics, let’s take a final look at the Class of 2015. We at mbaMission examined the placement reports of 16 top-ranked schools—including the Wharton School of the University of Pennsylvania, Columbia Business School, Harvard Business School, and the Stanford Graduate School of Business—to discover which industries attracted the most newly minted MBAs last year.

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Consulting and finance together claimed more than half of all graduates, with 28.1% leaning toward consulting and 25.8% toward finance. Meanwhile, 18.9% accepted positions in technology, while 8.1% chose the consumer packaged goods and retail industries. Health care, biotechnology, and pharmaceuticals attracted 5.0% of graduates, and such industries as manufacturing, government and nonprofit, and media and entertainment were the choice for smaller percentages of the class (3.4%, 2.6%, and 2.6%, respectively). Did industry preferences change with the Class of 2016? We shall find out soon…
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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Professor Profiles: Lubos Pastor, University of Chicago Booth School o [#permalink]

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New post 28 Dec 2016, 10:00
FROM mbaMission Blog: Professor Profiles: Lubos Pastor, University of Chicago Booth School of Business
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Many MBA applicants feel that they are purchasing a brand when they choose a business school. However, the educational experience you will have is what is crucial to your future, and no one will affect your education more than your professors. Each Wednesday, we profile a standout professor as identified by students. Today, we focus on Lubos Pastor from the University of Chicago Booth School of Business.

Despite his relatively young age, Lubos Pastor has already received considerable recognition for his research on the stock market and asset management and has been featured among “The Best 40 B-School Profs Under the Age of 40” by Poets&Quants. Pastor’s work has been influential, earning him such high-profile accolades as the NASDAQ Award, the Goldman Sachs Asset Management Prize, and the Barclays Global Investors Prize, as well as the McKinsey Award for Excellence and Teaching, and two of Chicago Booth’s own Faculty Excellence Awards for MBA Teaching. One student quoted in the Poets&Quants article said “his witty style elevates classroom conversations and facilitates retention of core concepts.”

For more information about Chicago Booth and 15 other top-ranked business schools, check out the mbaMission Insider’s Guides.
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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Beyond the MBA Classroom: MBgAy Party at Michigan Ross [#permalink]

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New post 29 Dec 2016, 10:00
FROM mbaMission Blog: Beyond the MBA Classroom: MBgAy Party at Michigan Ross
When you select an MBA program, you are not just choosing your learning environment, but are also committing to becoming part of a community. Each Thursday, we offer a window into life “beyond the MBA classroom” at a top business school.

The student group Out for Business at the University of Michigan Ross School of Business hosted its first school-wide event, called MBgAy, in 2009. The party/fundraiser, which sold out very quickly, was held at a club in Ann Arbor and featured a drag fashion show followed by dancing. Since then, the event has become an annual affair. Profits are split between a selected charity and the club’s scholarship fund for lesbian, gay, bisexual, and transgender students. One first-year student we interviewed described the event as a “must see—for everyone.” At the 2016 event, a portion of the proceeds raised supported the Jim Toy Community Center in Ann Arbor, which provides resources to gay, lesbian, bisexual, transgender, queer, and allied local residents.

 For in-depth descriptions of social and community activities at Michigan Ross and 15 other top MBA programs, check out the mbaMission Insider’s Guides.
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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