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mbaMission Admissions Consultant
Joined: 25 Apr 2013
Posts: 4420
Given Kudos: 1
MBA Admissions Myths Destroyed: The Admissions Committee’s Glass Is 99
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23 Dec 2018, 09:01
23 Dec 2018, 09:01
Expert Reply
| FROM mbaMission Blog: MBA Admissions Myths Destroyed: The Admissions Committee’s Glass Is 99% Empty |
 “I was the first in my class to be promoted at McKinsey. I have a 710 GMAT score and completed Level 1 of the CFA exam, but I had a B- in calculus during my freshman year. Will that grade ruin my chances for admission?” “My company has been under a hiring and promotion freeze for the past three years, but during that time, I have earned pay increases and survived successive rounds of layoffs. Will the admissions committee accept someone who has not been promoted?” “I have been promoted, but my company changed names. Will the admissions committee think I am going somewhere at a sketchy company?” Although these questions may seem somewhat silly—the individuals’ strengths are obvious and their “weaknesses” comparatively innocuous—we get asked about scenarios like these every day. In short, we can assure you that your candidacy, even at vaunted schools like Harvard and Stanford, is not rendered tenuous by such trivial “shortcomings.” The admissions officers do not consider you guilty until proven innocent, and they are not looking for little reasons to exclude you from contention. Many candidates have mythologized the “perfect” applicant and fear that any small area of concern means that they do not measure up to this myth—and thus that their candidacy is insufficient. Rather than fixating on small details that in truth are inconsequential, you should think about the big picture with respect to your overall competitiveness. You can take us at our word on this. Or, if you prefer, heed the words of a former admissions officer at the Wharton School of the University of Pennsylvania, who explained to mbaMission that “everyone has something, or more than one thing, in their application that they need to overcome.” But he added, “We read with an eye toward wanting to find all the good things about an applicant. We look for their strengths. We look for things that make them stand out, that make them unique. We look for their accomplishments. We look for positive parts of the application.” |
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mbaMission Admissions Consultant
Joined: 25 Apr 2013
Posts: 4420
Given Kudos: 1
Consider a Part-Time MBA—or an MBA Program in Europe!
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24 Dec 2018, 09:01
24 Dec 2018, 09:01
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| FROM mbaMission Blog: Consider a Part-Time MBA—or an MBA Program in Europe! |
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We at mbaMission often receive questions about part-time MBA programs, so we thought we should offer a look at some of the pros and cons of this option. As for the pros, the one that business school candidates cite most frequently is that the part-time MBA involves a limited opportunity cost. Unlike a full-time MBA student, a part-time one does not miss out on two years of salary (and, in some cases, retirement savings) and can still earn raises and promotions while completing his/her studies. Furthermore, firm sponsorship seems to be more prevalent for part-time MBAs, so candidates who have this option can truly come out ahead, with a free education and continued earning throughout. Beyond the financial rationale, many part-time MBA students see an academic advantage; they can learn both in the classroom and at work and can then turn theory into practice (and vice versa) in real time, on an ongoing basis. Of course, a cynic might add that another pro is that part-time MBA programs are generally less selective. So a candidate who may have had difficulty getting accepted to a traditional two-year program may have a better chance of gaining admission to a well-regarded school in its part-time program instead. As for the cons, many part-time MBA candidates feel that the comparative lack of structure means that networking opportunities within the class are limited. While one part-time student could complete a school’s MBA program in two years, another might complete it in five. As a result, with candidates progressing through the program at such different paces, students will not likely see each other regularly in the same classes or at social events. In addition, in a traditional MBA environment, academics always come first; in a part-time environment, work typically comes first, and academics must come second or even third, after family. In other words, the full-time program generally involves greater intensity with regard to the classroom experience, given that it is the focal point of students’ lives. Another thing to consider is that some MBA programs do not offer their “star” faculty to part-time students—something that candidates should definitely ask about before enrolling—and offer limited access to on-grounds recruiting. Of course, we are not trying to offer a definitive “answer” or present a bias for a particular kind of program; we are simply sharing some objective facts for candidates to consider as they make informed choices for themselves. MBA candidates looking to broaden their business school choices could also consider European programs. Although many applicants who are competing for places at the top U.S. business schools are well aware of the strengths of the MBA programs at INSEAD and London Business School, even more options are available beyond these two, including IESE, ESADE, Oxford (Said), and Cambridge (Judge). These four schools in particular have been aggressively playing “catch-up” with their better-known brethren by raising funds and dedicating them to scholarships and to enhancing their global brands. Those who know their business schools are also aware that IMD offers a boutique MBA program with remarkable international diversity, very highly regarded academics, and a stellar reputation with international employers. So, numerous options are available, and each can be explored on its own academic merit. But is earning your MBA in Europe, in itself, a good choice for you? For many, the key issue in determining this is where they would like to be after completing their education. If you are seeking to work in Europe, then clearly, these schools offer an advantage over all but the top five or six schools in the United States—Harvard Business School, for example, can probably open as many doors in Europe as INSEAD can. However, if you are seeking to work in the States, then the European schools will not provide the pipeline of opportunities that a top-ranked American school could provide, particularly for those who hope to work in a niche industry or with a company that is not a well-known international brand. Still, beyond the employment picture, studying abroad offers intrinsic value. Spending two years in London, Fontainebleau, or Lausanne could certainly be its own reward. For more information on various international business schools, including INSEAD, Cambridge Judge, and IMD, check out the free mbaMission Program Primers. |
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mbaMission Admissions Consultant
Joined: 25 Apr 2013
Posts: 4420
Given Kudos: 1
Professor Profiles: Terry Taylor, UC Berkeley Haas School of Business
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26 Dec 2018, 09:01
26 Dec 2018, 09:01
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| FROM mbaMission Blog: Professor Profiles: Terry Taylor, UC Berkeley Haas 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. Today, we focus on Terry Taylor from the Haas School of Business at the University of California (UC), Berkeley. After stints at Columbia Business School and the Tuck School of Business at Dartmouth, Terry Taylor joined the faculty at the University of California, Berkeley, Haas School of Business in 2007, where he is currently the Milton W. Terrill Chaired Professor of Business Administration. Considering that Taylor, who has a PhD from Stanford in management science and engineering, is often named in student blogs and online student chats as a favorite among the school’s aspiring MBAs, he not surprisingly won the Earl F. Cheit Award for Excellence in Teaching in 2009 and again in 2011. He was also named the fifth most popular professor at a top U.S. business school by Bloomberg Businessweek in 2011. Taylor’s academic interests include the economics of operations management and supply chain management. His “Operations” (previously “Operations Management”) course looks at operational issues confronted by manufacturing and service companies. In addition to reportedly having a well-organized curriculum and classes—which a second year we interviewed said include “no down time”—Taylor can make technical subjects very interesting, sometimes even using references to Seinfeld episodes to illuminate concepts. A second year told mbaMission, “He’s pretty young and has a style that mixes high energy with a dry sense of humor.” For more information on the defining characteristics of the MBA program at UC Berkeley Haas or one of 16 other top business schools, check out the free mbaMission Insider’s Guides. |
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