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Looking to secure a coveted spot at a top business school? Our team of seasoned MBA admissions consultants, including top B schools alumni and industry leaders, is here to help turn your dreams into reality. Let’s kick-start your journey to success!
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21 Oct 2019, 15:01
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| FROM mbaMission Blog: Entrepreneurship at Northwestern Kellogg and Chicago Booth |
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How about a quick game of word association? We will start. “Kellogg.” Okay, go ahead. “Entrepreneurship,” right? No? Aspiring MBAs may be surprised to learn that Northwestern University’s Kellogg School of Management offers a number of courses in this discipline and that its Entrepreneurship and Innovation major is among its most popular areas of study—defying the stereotype that Kellogg produces only marketing MBAs. As part of Envision Kellogg, the school’s strategic plan, the MBA program introduced four new impact initiatives in 2012, one of which is the Kellogg Innovation & Entrepreneurship Initiative (KIEI). Overseen by the Larry and Carol Levy Institute for Entrepreneurial Practice, the KIEI offers numerous opportunities for students to develop their entrepreneurial acumen and currently features a total of 43 professors in its faculty. In addition to business plan competitions, the Levy Institute manages the Kellogg Entrepreneurial Internship Program Stipend and the Entrepreneur in Residence Program, an experiential learning option through which, for a day, an experienced entrepreneur hosts half-hour one-on-one sessions with students who aspire to careers in this field or are seeking advice on their already active projects. The school’s Heizer Center for Private Equity and Venture Capital offers the Private Equity Lab, wherein rising second-year students intern with small businesses or private equity firms—receiving a stipend—to facilitate career transitions that would otherwise be challenging for those without experience. MBA student entrepreneurs coming from or planning to enter a family business will likely be interested to learn that Kellogg’s Center for Family Enterprises not only publishes research and cases on such businesses, but also confidentially consults with family-run companies. Indeed, this is all just the tip of the iceberg. Let us continue the guessing game: Chicago Booth is just a finance school, right? Not at all. We feel that not enough applicants are aware of Chicago Booth’s robust “hands-on” entrepreneurial offerings, which are available through its Polsky Center for Entrepreneurship and Innovation. Where to begin? Chicago Booth’s practical academic programs extend into the field of entrepreneurship with the school’s “New Venture and Small Enterprise Lab.” Herein, students work within a host firm or take on a dedicated project in a class designed to train those who intend to ultimately join start-ups or provide consulting services to them. In addition, the Polsky Center sponsors the annual Edward L. Kaplan New Venture Challenge, a business plan competition that awarded a $100,000 prize to its 2018 winner. Further, entrepreneurially minded Chicago Booth students can apply for funding from the Hyde Park Angels (HPA), a group of former Chicago Booth Executive MBA students who make investments in start-ups—in 2019 so far, the group has invested nearly $12M. Although the HPA is an arms-length organization and does not source investments exclusively from Chicago Booth, it maintains a connection to the Polsky Center, which supports the HPA’s mission. So, students hoping to get in front of the HPA’s investment committee will have a built-in networking advantage. Also, the HPA offers students the opportunity to intern as associates and gain venture capital experience while pursuing their MBA at Chicago Booth. Believe it or not, we are just scratching the surface here. Again, Chicago Booth is most definitely not “just a finance school.” For more information on Northwestern Kellogg, Chicago Booth, and other leading MBA programs, check out our free mbaMission Insider’s Guides. |
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21 Oct 2019, 15:01
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| FROM mbaMission Blog: Waitlist Strategies for MBA Applicants |
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Each admissions season, many candidates receive a response from MBA admissions committees that can sometimes be far more frustrating than a rejection: “You have been placed on our waitlist.” What should you do when your status is uncertain? The first and most important thing is to listen to the admissions committee. If the committee tells you not to send follow-up material of any sort, then do not yield to temptation and send material that you think will bolster your case. If you misguidedly choose to do so after being specifically instructed not to, you will most definitely identify yourself in a negative way—not the type of message you want to send to the group that will decide your fate. Does this rule have any exceptions? Yes, actually. If you know a current student or an alumnus/alumna who can tactfully, diplomatically, and independently work on your behalf, you can have this third party write a letter to or otherwise contact the admissions committee in support of your candidacy. But again, this is acceptable only if this individual truly understands the delicate nature of the interaction. If you have no such person on your side, you will have to wait patiently, as difficult as that may be. Conversely, if the school encourages applicants to provide updates on their progress, the situation changes. In the previous scenario, the frustration candidates experience derives from a sense of helplessness. But in this scenario, candidates tend to lament the lack of time in which to have accomplished anything significant, often thinking, “What can I offer the MBA admissions committee as an update? I submitted my application only three months ago!” First and foremost, if you have worked to target any weaknesses in your candidacy—for example, by retaking the GMAT and increasing your score, or by taking a supplemental math class and earning an A grade—the admissions committee will certainly want to hear about this. Further, if you have any concrete news regarding promotions or the assumption of additional responsibilities in the community sphere, be sure to update the admissions committee on this news as well. Even if you do not have these sorts of quantifiable accomplishments to report, you should still have some news to share. If you have undertaken any additional networking or have completed a class visit since you submitted your application, you can discuss your continued (or increased) interest; when you are on a waitlist, the admissions committee wants to know that you are passionately committed to the school. If you have not been promoted, you could creatively reflect on a new project that you have started and identify the professional skills/exposure that this project is providing or has provided (for example, managing people off-site for the first time or executing with greater independence). Finally, the personal realm is not off-limits, so feel free to discuss any personal accomplishments—for example, anything from advancing in the study of a language, to visiting a new country, to completing a marathon. With some thought and creativity, you should be able to draft a concise but powerful letter that conveys your continued professional and personal growth while expressing your sincere and growing interest in the school—all of which will fulfill your goal of increasing your chances of gaining admission. |
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22 Oct 2019, 11:01
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| FROM mbaMission Blog: Professor Profiles: Vijay Govindarajan, Dartmouth College Tuck 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 Vijay Govindarajan from the Tuck School of Business at Dartmouth College. Vijay Govindarajan, affectionately known by students as simply “VG,” is the Coxe Distinguished Professor at Tuck and has been cited by Bloomberg Businessweek, Forbes, and The Times as a top-ten strategy professor. His research focus includes global strategy, strategic innovation, strategy execution, and strategic controls. Govindarajan has been a consultant to several well-known companies, including Walmart, FedEx, and Microsoft, and in 2008, he served as chief innovation consultant to General Electric. In addition to his residency at Tuck, Govindarajan was named a Marvin Bower Faculty Fellow at Harvard Business School in 2015 for a two-year period. He was also the 2015 recipient of the Association of Management Consulting Firms Award of Excellence. One alumnus told mbaMission, “VG’s class is great, and the cases have been interesting. Most of the cases are about manufacturing companies; however, they are not boring at all. He’s a great speaker and great lecturer.” Another graduate described Govindarajan’s classroom style to mbaMission by saying, “VG maintains a balance between lecture and class participation. He never cold-calls because he believes that students will be prepared. He doesn’t want students to comment for the sake of commenting and wants people to say something meaningful, which might be different from the approach at other schools.” Another alumnus shared that Govindarajan often brings great speakers to class. For more information about Dartmouth Tuck and 16 other top-ranked MBA schools, check out our free mbaMission Insider’s Guides. |
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