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FROM mbaMission Blog: A Second or Third Look, but Not a Fourth, Fifth, and Sixth |
With MBA application deadlines fast approaching for many candidates, we thought we would share a piece of advice that might help alleviate some of the deadline-related stress you might be experiencing. After you have completed your application(s), find someone you trust—perhaps a professional admissions consultant or an individual with insight into the MBA application process—to read your essays one last time before you submit anything and give you feedback. However, we strongly suggest that you limit the number of people you approach for this kind of help and request feedback from no more than two individuals. Because the application process is subjective, you will discover that the more readers you consult, the more new and different opinions you will get. Soon, you will be facing a multitude of alternatives, and although none of these varying ideas will necessarily be “right” or “wrong”—considering that a single candidate’s stories can be marketed in almost countless ways—having such a wide variety of input could create unnecessary uncertainty on your part. You do not want to start second-guessing everything about your essays when the schools’ deadlines are imminent. We are not suggesting that you ignore critical feedback, of course, but rather that you not complicate your final days and stir up doubt or confusion where it might not be due. If your chosen one or two readers support your ideas and feel that your application needs minimal additional work, that is probably a good sign that you can end your feedback loop there and move forward with submitting your application. Our expert admissions consultants can answer any questions you might have. Sign up for a complimentary 30-minute consultation today. |
FROM mbaMission Blog: Should My MBA Admissions Consultant Have Graduated from My Target School? |
What does a nonprofit manager who graduated from Harvard Business School (HBS) in 2010 and studied ethics and leadership have in common with an investment banker applying to HBS in 2024 to study finance and global business? Virtually nothing. At mbaMission, applicants often ask us if they should work with a consultant who earned their MBA from the same program they wish to attend, and our answer is always an emphatic No. Allow us to explain. First, no two applicants, students, or graduates of a specific MBA program are alike. Every individual will have a different experience from that of their fellow MBAs because each one has a unique perspective, background, style, skill set, range of personal and professional goals, diversity of classmates, and so on. One person’s experience two decades ago will therefore be totally unlike someone else’s experience today. Simply having attended the same MBA program does not confer significant commonality. Second, someone’s firsthand knowledge of an MBA program becomes increasingly remote the more time has passed since they graduated. Schools regularly shift their philosophies, update their curricula, add and remove offerings and resources, and yes, even revise how they evaluate and select applicants. Although someone who graduated from a specific school can often provide interesting insight into the MBA experience there by sharing stories of their time in the program, their ability to offer a current applicant meaningful insight into what the school is like today is limited. Third, admissions consultants work with a single client on as many schools as that client wants to apply to, and candidates almost always target more than one school. Yet each consultant has attended only one institution, of course. Working with a graduate of every school an applicant is interested in would simply not be feasible. Finally—and perhaps most importantly—the admissions committees do not make decisions about whether or not to accept an applicant based on how well that individual knows their school. Although illustrating one’s fit with a program is certainly important in the admissions process, what is more important is demonstrating one’s strengths, capacity for self-reflection, accomplishments, and character. The focus of an application should always be on the candidate, not the school. So, when you are selecting the mbaMission Senior Consultant with whom you would like to collaborate on your applications, focus on identifying one you feel you can trust and open up to. Our job is to help you present the best version of yourself we can to the admissions committees, and how comfortable you feel with your consultant is therefore vastly more important than where that consultant went to business school. |
FROM mbaMission Blog: The mbaMission Podcast: Your Ultimate Guide to Navigating the MBA Admissions Process |
We are thrilled to announce the launch of The mbaMission Podcast, a game-changing new weekly show that provides you with invaluable insights into the world of business school admissions. Hosted by mbaMission Senior Consultant Harold Simansky, this podcast is your go-to resource for everything you need to know about applying to MBA programs and crafting a standout application. Each week, Harold is joined by a different MBA admissions expert for a deep dive into various aspects of the business school admissions process, from how to select the right schools to choosing and managing your recommenders to drafting compelling application essays and preparing for MBA interviews. A brand new episode of The mbaMission Podcast is released every Tuesday, and you can find it on all the major podcast streaming platforms, including Spotifyand Apple Podcasts. You can now stay easily up-to-date with the latest tips, trends, and news in MBA admissions, whether you are commuting, working out, or just relaxing at home. Past Episodes: A Wealth of Knowledge Previous episodes have already covered a wide range of topics that are crucial for MBA applicants:
Looking ahead, we are excited to bring you even more compelling content and expert MBA application advice in the following episodes:
The mbaMission Podcast is more than just an information source; it is a comprehensive guide to mastering the MBA admissions process. Featuring expert guests, actionable advice, and timely topics, each episode will help you put your best foot forward and achieve your business school goals. Subscribe today, and join us on this exciting journey to MBA success. We look forward to helping you navigate the path to your dream program! More of a visual learner? Check out our YouTube channel to access each week’s podcast episode in video format. |
FROM mbaMission Blog: UVA Darden versus Dartmouth Tuck |
A bucolic college town, a smaller MBA program, a tightly knit community, an alumni network known for really taking care of its own, access to countless outdoor adventures in the surrounding areas (not to mention picturesque views), and a curriculum with a mandatory international component. Are we describing the ? Or maybe ? In fact, all these descriptors apply to both of these renowned MBA programs, which consistently find themselves among the top ten in various business school rankings and often battle for the same students. So, in this post, we wanted to drill down a bit and explore the similarities and differences between the two schools. We will start with an obvious commonality: the scenery. Dartmouth Tuck is located in Hanover, New Hampshire, a two-and-a-half-hour drive from Boston, which is the closest major city. Hanover is home to just over 10,000 residents, roughly one-half of whom are Dartmouth College students, making it a true college town. Life at Tuck revolves around campus. Warm-weather weekends are spent exploring nearby hiking trails or on the Connecticut River in canoes and kayaks from Dartmouth’s own boating club. In the winter, students hit the slopes at Dartmouth’s ski resort or even take snowshoe lessons. Given Hanover’s environment and relative isolation, Tuck not surprisingly boasts the largest outdoors club in the nation among business schools. Although the summers are undeniably beautiful, be careful not to underestimate the intensity of New Hampshire’s winters, when temperatures average 39 degrees Fahrenheit but can drop as low as 12 degrees! By contrast, Darden’s surroundings are positively balmy. Based in Charlottesville, Virginia, Darden has its own campus within that of the broader University of Virginia. Although Darden and Tuck are equally distant from the closest major city—Darden is a little more than two hours south of Washington, DC—the city of Charlottesville is much larger and more dynamic than Hanover. Surrounded by the Blue Ridge Mountains, Charlottesville is both a city and a suburb, and UVA’s quiet, if sprawling, campus is adjacent to a bustling cosmopolitan downtown. Designed by the third president of the United States, Thomas Jefferson, the campus is a World Heritage Site, but do not let the university’s history fool you into thinking it is outdated. On the contrary. Darden recently underwent a significant renovation, adding top-notch facilities, including a five-star hotel and meeting space that rival anything you will find on an arguably more modern campus. Of course, a business school’s setting is only one of many defining factors worth considering as you weigh your MBA options. Another is a school’s community, and this is a point of pride for Tuck and Darden alike. Both are considered “smaller” programs; Tuck welcomes 300 students in each class, and Darden welcomes approximately 350. Their communities are therefore small enough for everyone in them to get to know one another well. However, Tuck and Darden have slightly different cultures. Tuckies tell us that they tend to create their own fun and have a fairly centralized social life, partly because nightlife in Hanover is minimal and because Tuck offers only a full-time MBA program, meaning that everyone is present all week. Darden students have a more dispersed and diversified social life. Both schools take immense pride in their culture of collaboration, belief in shared success, emphasis on ethical leadership, and investment in long-term relationships that last well beyond one’s MBA years. What about the meat of the MBA program: the academic and professional resources that are ostensibly its raison d’être? Darden is well known for being the only U.S. business school other than Harvard to exclusively use the case method, through which students learn by evaluating real-world business situations. On the other hand, Tuck offers a mix of lecture and case-based courses. At both programs, incoming students are divided into sections of 60 to 70 people, then further broken down into Study Groups or Learning Teams of five to six students who work together to prepare for each class. Tuck and Darden both require students to complete a core curriculum in the first year to ensure that they share a similar baseline of skills and knowledge. Then, in the second year, students are free to pursue a wide range of electives. However, Darden permits students to specialize in Theme or Career Tracks to dive deeper into their areas of interest, whereas Tuck does not offer any majors or specializations. Tuck requires all first years to participate in TuckGo, an immersive international experience, and offers partnerships with more than 30 international business schools. Darden expects that all of its students will complete a Worldwide Course. A differentiator for Tuck is the First-Year Project, a hands-on, student-proposed consulting project that runs through the spring semester and gives students a practical element with which to unify the core concepts they have been studying. Darden, by contrast, does not have a mandatory consulting project, but students can opt into a Darden Business Project. Also, a Darden student would likely argue that the case studies they work on every day are already highly practical. With respect to students’ careers, Tuck and Darden graduates primarily enter two fields: consulting and finance. Approximately 45% of Tuck graduates go into finance and roughly 20% go into consulting, but at Darden, these figures are inverted. Of course, neither program is focused strictly on finance and consulting all the time, and especially not Darden, which offers numerous student-run domestic and international career treks that allow students to explore fields ranging from biotech to renewable energy. Darden is also investing heavily to attract aspiring entrepreneurs. Its Batten Institute now offers a start-up academy, a VC Institute, and multiple start-up competitions, as well as innovation grants. So, how similar are Tuck and Darden? We would emphasize two critical distinctions. First is the teaching method used. Some applicants might be drawn to Darden’s strict case method pedagogy, while others might find Tuck’s varied teaching styles more appealing. The second distinction is location. Tuck’s truly rural environment could be highly attractive to some candidates, while others might prefer Darden’s blend of city and nature. If community is your main priority, either school could be a great fit; they both have genuinely close-knit cohorts and long-lasting alumni connections. This is why many applicants apply to both programs and then have difficulty choosing between them! If you are interested in learning more, we offer “Learning about” modules for both Darden and Tuck, as well as many other MBA programs, in onTrack by mbaMission, our on-demand and highly customizable admissions course. We go deep into the reasons someone might opt to attend the different schools, the reasons someone might not attend them, their curricula, their career opportunities, and a number of school-specific special topics. These onTrack modules can also facilitate your essay writing, short-answer strategy, interview preparation, and other important application tasks. |
FROM mbaMission Blog: Tips for Crafting an MBA Recruiting Resume That Stands Out |
As you prepare to start your MBA program, you already have many tasks on your plate, but we recommend that you add one more—updating your recruiting resume. As soon as you get to campus, you will need to submit your resume for recruiting-related activities, so updating and polishing it now, prior to orientation and before other new responsibilities pile on, will position you to hit the ground running and ensure that your resume is as effective as it can be. Here are three tips for creating a compelling resume that will help you stand out from your peers. 1. Curate your resume content for your target audience. You likely spent a significant amount of time updating your resume for your MBA applications, but that version of your resume was tailored for the admissions committees—not hiring managers. To impress recruiters, your resume needs to be forward focused and curated to appeal to them specifically. What skills or experiences do they care about most? What can you highlight that will convince them that you will add value to their organization? Research your target companies and positions to understand what the most important skills and knowledge areas are so you can craft your resume in a way that emphasizes them. To do this research, you can read our mbaMission Career Guides, review target job descriptions, and speak with friends and other contacts in your intended role. Action Items: Read each bullet point on your resume. Next to each one, write down the main skill or theme that the bullet point communicates. (Hint: Pay special attention to the action verb at the beginning of the bullet point.) Review the list, and evaluate whether your resume shows that you can meet the needs of your target employer. Remove any jargon that is overly industry specific. 2. Showcase your impact. If your bullet points read like those in a job description, you are missing a critical opportunity to differentiate your candidacy and demonstrate your track record of success. Without conveying the scope of your responsibility and the level of complexity in your work, you will not capture the recruiters’ attention. Action Items: Reread your resume’s bullet points, and for each one, ask yourself, “So what? Why did I do this task? Whom did it help? How did it help them?” Each bullet point should somehow quantify the impact you had on your department, company, or client (e.g., actual number, forecasted number, year-over-year comparison, scale or scope of work). If you cannot quantify the impact, look for qualitative metrics of success instead. Try this framework for bullet writing:
Here are some examples of how you can transform your bullet points by showcasing impact: BeforeAfter Led communications workstream, ensuring timely communicationSelected by CEO to lead cross-functional communications workstream for company’s acquisition of ABC Stores. Wrote 10+ communications viewed by 1,000 employees. Created market penetration strategyInitiated and developed market penetration strategy; presented recommendation to SVP. Efforts led to 47% sales increase within 12 months. Responsible for new promotion for Shine detergent to target customerSurpassed sales targets for $10M brand detergent within three months.Transformed approach to Internet advertising based on analysis of 500+ customer surveys. 3. Pay attention to the details. The formatting of your resume must be consistent throughout to be aesthetically pleasing, and it should never detract from the content. You also want to ensure that your messages are clear and easily understandable. Action Items: Proofread your document (multiple times). If you are a non-native English speaker, make sure that a native speaker reviews your resume for any word use or phrasings that might sound awkward or unclear. Look for typos or inconsistent spacing. Make sure that each bullet point begins with a skill-based action verb. Limit bullet points to no more than three lines, and avoid having more than six bullet points in a row. Remove vague language (such as “multiple,” “responsible for,” and “successful”). Finally, do not forget to update your document to adhere to your MBA program’s resume requirements. You can access your school’s template—along with its resume-writing resources and (potentially free) resume reviews—through its career management website. |
FROM mbaMission Blog: MBA Admissions Myths Destroyed: Yikes, a Typo—I Am Done! |
You have worked painstakingly on your application. You have checked and rechecked your work. You finally press the Submit button only to realize—to your horror—that you are missing a comma, and you inadvertently used “too” instead of “to.” The admissions committee is obviously going to just throw your application out, right? Wrong! Making a typo and pervasive sloppiness are two very different things. If you have multiple typos and grammatical errors throughout your essays and application, you send a negative message about your level of professionalism and desire to represent yourself—and potentially the target school—in a positive way. But if you have a minor mistake or two in your text, you have an unfortunate situation on your hands, but not a devastating one. Admissions representatives understand that you are only human, and if you are a strong candidate, the entirety of your professional, community, personal, and academic endeavors will outweigh these blips. Do not dwell on the mistakes. Do not send new essays. Just accept your own fallibility and move on. |
FROM mbaMission Blog: Avoid Negativity and Overusing Quotes in Your MBA Application Essays |
Sincerity. Honesty. Candor. We encourage MBA candidates to incorporate these attributes into their applications, and when they do, the result tends to be successful essays. But can an applicant go too far? The answer is “yes,” especially when candor turns to negativity. Sometimes, when MBA candidates believe they are just being candid, they are actually revealing themselves as predisposed to pessimism—which can make connecting with their profile challenging for the admissions reader. Such situations are unfortunate, but luckily, they are also avoidable; an ostensibly “negative” idea can almost always be expressed in a positive and optimistic manner. Example “In my current position, I am no longer learning and am afraid I will continue to stagnate without my MBA. I cannot achieve my objective of becoming a leader in the marketing department at my firm unless...” Common sense would dictate that admissions committees probably do not get very excited about applicants who believe that they have stopped learning or that their career progress can be thwarted by basic obstacles. Revised Example “As I look to the future, I recognize that with MBA training, I could dramatically increase my impact on my firm. With an eye toward a leadership position in our marketing department, I am...” In this revised example, the candidate is expressing the exact same need for an MBA in positive terms and thereby comes across as a warmer and more engaging prospect, while still candidly stating a need for further education. Before submitting your file, check for unnecessarily negative statements. Although we would never suggest that every line in your essays must be full of sunshine, you should certainly take steps to avoid portraying yourself as a pessimist. Take care also to avoid relying on famous quotes in your essays. Sometimes, incorporating a well-known quote (or perhaps a lesser-known one by a well-known person) can add a little something special to the story you are trying to tell. If the quotation truly enhances your message in a significant way, it can serve as an effective tool, making your submission that much more compelling. Consider the following examples: Example 1 “The best executive is the one who has sense enough to pick good men to do what he wants done and self-restraint enough to keep from meddling with them while they do it.” – Theodore Roosevelt Roosevelt’s words are as true today as when he spoke them. The essence of a manager is... Example 2 As Peter F. Drucker said, “Management is doing things right; leadership is doing the right things.” I have found the distinction between management and leadership especially important... However, some candidates fall into the trap of using quotations as a kind of crutch, essentially relying on someone else’s clever or poignant wordsmanship in place of their own. Think of using a quotation as a way of enriching an already interesting narrative, rather than as a shortcut to a more impressive essay. Before using a quote in your application essay, ask yourself three questions:
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FROM mbaMission Blog: Converting Your GRE Score to a GMAT Score |
How can you convert your GRE score to a GMAT score? And should you? We get questions all the time on the topic of the GRE versus the GMAT. Our GRE-taking clients want to know what their equivalent GMAT score would be to ensure that they fall within the GMAT range for their target schools. Unfortunately, no exact conversion for these tests exists. Although you can plug your GRE score into the ETS site to see the general range of equivalent (“predicted”) GMAT scores, that does not give you the full picture! Most U.S. business schools accept both the GMAT and the GRE (and some even accept the executive assessment—we see you, Columbia Business School and NYU Stern!), but the GRE has historically trailed the GMAT as the standardized test of choice for MBA programs. However, it has gained significant traction in recent years, and now, approximately 30% of applicants to the top 25 business schools submit GRE scores. Because of the GRE’s “newer” status, though, the range of acceptable GRE scores has historically been a bit more flexible than the range of GMAT scores. Take, for example, Kellogg’s admissions stats: the average GMAT score for incoming members of the Class of 2025 was 731. The median GRE scores for this same group of students were 163 Verbal and 163 Quant. According to the ETS conversion tool, these GRE scores equated to a predicted GMAT score of 690, more than 50 points lower than the school’s average. Essentially, Kellogg admitted candidates who had a lower “equivalent GMAT” when they submitted the GRE instead. So, the conversion of a particular score does not convey one’s chances of admission based on that score. Using the Kellogg stats just mentioned, if a candidate with the school’s median GRE score (163) had converted that number to a predicted GMAT score (690) and assessed their chances of admission based on that information, they would have likely assumed that their chances were low. They might not have even applied to Kellogg as a result! But, given Kellogg’s median GRE score, we know this process is clearly more of an art than a science, and the definition of a “strong” GRE score simply varies more widely. Pay more attention to a school’s GRE score ranges than to its average GMAT figure. If you have questions about your test scores, need some basic guidance on your application essays, or wonder which schools you would be competitive at, you can start getting answers from an experienced mbaMission consultant. Sign up for a free 30-minute consultation with one today! |
FROM mbaMission Blog: Top MBA Programs for Health Care Management |
According to the U.S. Census Bureau, the health care industry is the largest employer in the United States. As the industry continues to grow, it presents exciting opportunities for individuals who are eager to have a meaningful impact. Health care encompasses a wide array of sectors, including biotechnology, medical devices, diagnostics, big pharma, health technology, insurance, and government services. Given the industry’s broad scope, pursuing an MBA with a health care focus offers a pathway to leadership in these dynamic areas. In this post, we touch on a few of the key benefits of pursuing such an MBA and highlight some of the top programs you might consider for earning one. Career Development An MBA with a health care focus provides a solid foundation in health care management, combining business disciplines such as finance, marketing, and leadership with specialized health care courses. Programs that offer health care MBA options allow for targeted career development through industry events, networking, and dedicated recruiting opportunities. Whether you are already an established health care professional or are looking to transition into the field, earning a health care MBA will prepare you for a leadership role in this rapidly evolving industry. Average Salaries The average salary for someone with an MBA in health care management in the United States ranges from $100,000 to $130,000 per year. Graduates of top business schools, such as The Wharton School and the Kellogg School of Management at Northwestern University, often enter health care–related roles with salaries at the upper end of this range or even higher, when sign-on bonuses and equity are also included. One’s exact salary depends on such factors as experience, location, and specific role. For example, health care consultants earn approximately $130,000 per year, while health care administrators and pharmaceutical managers might see average salaries closer to $120,000. Health care product managers in the biotechnology and pharmaceutical sectors can command even higher salaries, often exceeding $130,000 with bonuses and/or equity. Choosing a Health Care MBA Program We recommend evaluating the following elements when considering your health care MBA program options:
Using these five key considerations, we assessed the health care MBA options at the leading U.S. business schools and have identified what we believe are the top programs for this area (presented in alphabetical order). Columbia Business School Columbia Business School (CBS) offers a Healthcare and Pharmaceutical Management Program and an MBA/MPH degree with the Mailman School of Public Health. CBS’s location in New York City offers students access to a major health care and pharmaceutical hub. Approximately 3% of the school’s graduates enter health care careers each year. Well-known alumni in this area include Daniel O’Day, CEO of Gilead Sciences, and Gail Boudreaux, CEO of Elevance Health (formerly Anthem Health). Duke University’s Fuqua School of Business Duke Fuqua’s Health Sector Management program is one of the most established health care tracks, offering comprehensive courses in health care markets, biotech, and pharma. Duke also offers MD/MBA and MPP/MBA joint degrees. Roughly 6% of the school’s graduates enter health care roles each year. Among Fuqua’s alumni leaders in health care are Melinda Gates, co-founder of the Bill & Melinda Gates Foundation; Dr. Michael Cuffe, executive vice president and chief clinical officer of HCA Healthcare; and Enrique Alfredo Conterno, former CEO of FibroGen. Harvard Business School Harvard Business School (HBS) offers an MBA with a health care track through its Healthcare Initiative, whose courses cover health care strategy, finance, and policy. Approximately 20% of HBS faculty conduct health care research. The school has a dedicated health care mentoring program, career days, speakers, and small dinners in health care, as well as industry-relevant joint degrees, including the MD/MBA, MS/MBA in biotechnology, and MBA/MPP. Roughly 5% of HBS graduates enter health care each year. Well-known HBS alumni in this area include Jonathan Bush, co-founder of athenahealth; Kathy Giusti, founder of the Multiple Myeloma Research Foundation; and Bob Bradway, chairman and CEO of Amgen. Kellogg School of Management at Northwestern University Northwestern Kellogg offers a Healthcare at Kellogg pathway with interdisciplinary coursework across the university’s medical and law schools. The new $10 million Healthcare Leadership Center strengthens the program’s health care focus. Approximately 3% of the school’s graduates enter health care roles each year, supported by a strong alumni network and industry connections. Notable Kellogg MBAs in health care include John Prince, president and COO of Optum at UnitedHealth Group, and Dave Mullarkey, CEO at ClearNote Health. MIT Sloan School of Management MIT Sloan offers a Healthcare Certificate that covers everything from biotech to health care ventures. The program’s Health Systems Initiative serves as a hub for health care research, and Sloan students benefit from MIT’s broader health care resources, including the MIT Biotech Group and the Martin Trust Center for Entrepreneurship. Roughly 6% of the school’s graduates enter the health care industry each year. Some well-known Sloan alumni include Rebecca L. Schechter, SVP and general manager of DAX at Nuance Communications (Microsoft), and Judith Carol Lewent, former CFO of Merck. Stanford Graduate School of Business The Stanford Graduate School of Business (GSB) offers such health care electives as “Innovation in Healthcare” and “Healthcare Operations.” It is also famous for its courses “across the street”—students can cross-register with schools outside of the business school, such as Stanford’s Biodesign Program and the d.school. Located in Silicon Valley, the Stanford GSB connects students with biotech and health tech industries. Its health care–related joint degrees include the MD/MBA and MD/MPP. Approximately 4% of the school’s graduates enter careers in health care each year. Well-known Stanford GSB graduates in health care include Henry McKinnell, former CEO of Pfizer; Dr. Tom Lee, founder of Galileo and One Medical and former chief medical officer at Epocrates; and Miles White, former CEO of Abbott Laboratories. Tuck School of Business at Dartmouth Dartmouth Tuck offers a Healthcare Initiative that integrates health care into its curriculum through specialized courses, projects, and extracurricular activities. The school has strong industry connections, giving students opportunities to engage with health care organizations and participate in internships and/or experiential learning through the Tuck Global Consultancy. Tuck’s alumni network, particularly in the health care industry, is robust and influential, with graduates frequently working at top-tier health care firms, consulting firms, and biotechnology companies. Roughly 6% of Tuck graduates enter health care roles each year. Some well-known alumni in this area include Peter Dolan, former CEO of Bristol-Myers Squibb, and Phil Ferneau, co-founder of Borealis Ventures, a life sciences venture capital firm. University of California Berkeley Haas School of Business Berkeley Haas offers a joint MBA/MPH degree in collaboration with the UC Berkeley School of Public Health. The school’s proximity to the Bay Area—a biotech and health tech hub—provides students with excellent access to industry connections. Approximately 8% of Haas’s graduates each year pursue health care roles. Joseph Jimenez, former CEO of Novartis; Sarah Krevans, CEO of Sutter Health; and Jennifer Cook, former CEO of GRAIL, represent Haas alumni in health care. University of Michigan Ross School of Business Michigan Ross offers a Healthcare and Life Sciences concentration and related dual degrees, including the MBA/MPH and MBA/MHSA. Through the school’s Multidisciplinary Action Projects, students consult on real-world health care projects, some of which are for major pharmaceutical companies and hospitals. Roughly 6% of Ross graduates enter positions in health care each year. Health care leaders from Ross include Michael Pinkert, former CEO of Mental Health Management Services, and Spencer Heaton, chief medical and commercial officer of Lynx. Wharton School at the University of Pennsylvania Wharton’s MBA in Health Care Management provides a comprehensive health care–focused curriculum for the more than 70 students who make up a dedicated health care cohort. Wharton has strong ties to the health care industry, offering real-world experience with health care companies, hospitals, and consultancies. The program boasts more than 2,000 alumni in health care management roles. More than 6%, on average, of Wharton MBA graduates (including those outside of the MBA in the Health Care Management program) pursue a career in health care each year. As for related joint degrees, Wharton offers the MD/MBA, MSN, and DMD, among others. Wharton alumni who are leaders in health care include Peter van der Goes, managing partner and global head of mergers and acquisitions for the Healthcare Group at Goldman Sachs; Arthur Collins Jr., former chairman and CEO of Medtronic; and Jason Gorevic, former CEO of Teladoc Health. Other top business schools to consider with dedicated health care curricula are the Yale School of Management, UNC Kenan-Flagler, Vanderbilt Owen, Cornell Johnson, Jones (Rice University), and Georgetown McDonough. Pursuing an MBA in health care management offers the opportunity to make a lasting impact in a growing industry. Whether your focus is in biotech, health tech, public health, payors, providers, or pharmaceuticals, these programs prepare you for leadership roles that can shape the future of health care. |
FROM mbaMission Blog: Columbia Business School and NYU Stern: Which Program Is Right for You? |
Columbia Business School (CBS) and New York University’s Stern School of Business (NYU Stern) have something special in common, and it sets them apart from other business schools across the United States and globally—their New York City (NYC) location! Both programs benefit from being on the island of Manhattan, which makes connecting with alumni and recruiters much easier for their MBA students. Being in the heart of NYC also means that industry leaders can readily serve as adjunct professors and on-campus speakers, and that students can bolster their resumes with a variety of in-semester internships that might not be available in any other city. CBS and NYU Stern both have a strong focus on finance, and their students often hail from similar backgrounds, share common experiences, and target the same post-MBA goals. But not everything about these two schools stacks up so similarly. In this post, we will walk you through some of the programs’ main similarities and differences. To get into either CBS or NYU Stern, you need strong stats. The average GPA for the schools’ students comes in at roughly 3.6, and the average GMAT score hovers at approximately 730. Both programs accept the GRE and the Executive Assessment (EA), in addition to the GMAT. NYU Stern is a bit more forthcoming about how many students take each test. For its Class of 2025, 45% submitted GMAT scores, 22% submitted GRE scores, and 14% submitted EA scores. The remaining 19% of students fell into the “other circumstances” category, most likely having pursued a test waiver. As for application numbers and class sizes, CBS received more than 6,000 applications for the Class of 2024, and 850 students enrolled across its September and January entry dates, combined. NYU Stern had 3,500 applicants and enrolled 320 students. At CBS, the most common undergrad major was business, claimed by 33% of students, followed by economics (20%) and engineering (16%). Of NYU Stern’s Class of 2024, 27% came with a combined engineering, math, and science major, and 27% with a business degree—accounting for a combined total of 54% of the class. Approximately one-quarter of the incoming students at both schools worked in financial services before starting their MBA, with the second most common pre-MBA industry being consulting, though only 12% of students at NYU Stern worked in consulting, versus 22% at CBS. The rest of the incoming class at both schools represents a wide range of industries, showing that the programs are looking for diversity in their applicants’ backgrounds and experiences. At CBS and NYU Stern alike, nearly one-half of the incoming class is made up of women, and both programs are very focused on having strong international representation. At CBS, 51% of the Class of 2024 is international, compared to 44% at NYU Stern. These schools have prioritized including a diversity, equity, and inclusion focus in their curricula, and both support The Consortium, an admissions organization with the goal of enhancing diversity at U.S. MBA programs and in business. As for recruiting, finance and consulting top the employment lists at both schools. In fact, roughly one-third of students go into each of these industries. But when you dig into the numbers, some differentiators appear. For instance, more NYU Stern students tend to enter investment banking; approximately 27% of NYU Stern’s Class of 2023 did so, compared with approximately 17% at CBS. However, with respect to prestige jobs in private equity, less than 1% of NYU Stern’s 2023 graduates entered that field, compared with roughly 5% of CBS’s. Both CBS and NYU Stern have their unique points, too. CBS’s January intake, also known as J-Term, allows students to start their studies at the beginning of the spring semester, continue taking classes over summer semester, and then go right into their second year. This accelerated program best suits individuals who do not need a summer internship to help them reach their post-MBA goals. Many J-Term students come from family businesses and tend to be older and more experienced than students in the school’s September intake. J-Term has a large international population, as well. CBS’s Family Business Program is also notable, bringing together students who plan to work in their family businesses after graduating and offering related clubs and specialized coursework. In addition, CBS attracts students who are interested in careers in retail and luxury goods as well as in media; strong career-focused clubs connect students to the plethora of companies in these industries in NYC. Meanwhile, NYU Stern offers several accelerated MBA programs. Its Fashion and Luxury MBA is a one-year program, running continuously from May of one year to May of the next, in which students complete 52 credits. These include a general business–focused core, courses focused specifically on the fashion and luxury goods industries, experiential learning opportunities, and related electives. Similar in structure is Stern’s Andre Koo Tech MBA, which is also one year in length and includes a winter term that students complete on the West Coast of the United States. Like CBS, NYU Stern offers a strong roster of courses in media and entertainment and has ties to the many powerhouse media companies located in NYC. Overall, CBS and NYU Stern share the terrific advantage of their NYC location. Students who want their MBA experience to extend into this global business hub will find plenty of offerings both on campus and off. If you are interested in learning more, we offer “Learning about” modules for both CBS and NYU Stern, as well as many other MBA programs, in onTrack by mbaMission, our on-demand and highly customizable admissions course. We go deep into the reasons someone might opt to attend the different schools, the reasons someone might not attend them, their curricula, their career opportunities, and a number of school-specific special topics. These onTrack modules can also facilitate your essay writing, short-answer strategy, interview preparation, and other important application tasks. |
FROM mbaMission Blog: MBA Programs Offering GMAT/GRE Test Waivers, 2024–2025 |
If you are planning on submitting your application to business school by one of the upcoming fall or winterdeadlines, or really anytime between now and spring 2025, you might be wondering which MBA programs offer test waivers. In this post, we explore the current GMAT/GRE test waiver opportunities for candidates applying to U.S. full-time MBA programs. Determining Which MBA Programs Offer Test Waivers Standardized test waiver offerings are fluid, so the best way to stay up-to-date on current policies and requirements of the MBA programs you are considering is to regularly check the schools’ websites and applications. However, as a starting point for candidates interested in this option, we have collected the latest indicated test policies for the top 25 U.S. full-time MBA programs here. As of the writing of this post, 16 of the top 25 business schools offer test waivers, including MIT Sloan, NYU Stern, Michigan Ross, UVA Darden, and Cornell Johnson. Test Waiver Eligibility Typically, to be eligible for a GMAT/GRE test waiver, you will need to show extensive evidence of academic achievement and readiness as alternative proof of your ability to succeed in business school. The specific requirements can vary from one MBA program to the next, but generally, schools seek candidates who have strong undergraduate grades, especially in quantitative and analytical subjects; a certification or designation, such as CPA or the CFA charter; a graduate degree in a quantitative area; and/or a professional role that requires the regular use of quantitative and analytical skills. If you meet a school’s eligibility requirements, or if you are struggling to take the exam or to sufficiently demonstrate your abilities via the exam, you might want to consider the test waiver option. If you feel confident in your evidence and you either cannot take the test or score below the school’s average, the option to request a waiver is worth exploring. When Not to Consider a Test Waiver If you have achieved a test score that is higher than your target MBA program’s average for the exam in question—or if you anticipate earning such a score—you would not be an ideal candidate for a waiver. Scoring above a program’s average would be a strength of your candidacy, so you should go ahead and submit your results. In addition, if you have a weak academic record, including a lack of quantitative coursework and/or poor grades either in quantitative subjects or across the board, applying for a test waiver would not be a strategic choice. You are unlikely to have your waiver request approved, and more importantly, you need to show the admissions committee that you can handle the school’s challenging academic program. So, you should aim to take an exam, whether that is the GMAT, GRE, or Executive Assessment (if your program accepts it), and earn the strongest score you can. Applying for a Test Waiver Some business schools request that you apply for a waiver before you submit your application, and if your waiver request is not granted, you will then need to take the required admissions exam before finalizing your application. Other programs include the waiver request within the application, which means that you can submit your application before determining whether you need to take a test. Always read the instructions fully for your chosen schools, and do your research well in advance, because some waiver requests must be submitted weeks ahead of the application deadline. Be assured that applying for a test waiver will not have a negatively effect on your chances of being accepted to your target school. Every MBA program that offers GMAT/GRE test waivers is very clear on this point. And being granted a waiver likewise will not affect your chances of acceptance. Schools make their admissions decisions holistically, taking into account all aspects of a candidate’s profile and application. Other Considerations When deciding whether to apply for a test waiver, determine first whether you will have sufficient time to take an exam—and perform well on it—before your target MBA program’s application deadline. Then, think about what alternative evidence you might be able to provide that would effectively demonstrate your quantitative and analytical skills. In addition, if you have taken an exam in the past but were not happy with the result, consider whether taking a different exam that might better showcase your abilities would be worthwhile. For example, you could take the GRE if you have already taken the GMAT, or perhaps the Executive Assessment, if your chosen program accepts it. Finally, keep in mind that some top MBA programs—including UW Foster, Texas McCombs, UVA Darden, and Carnegie Mellon Tepper—state that a strong test score will increase your chances of success in pursuing scholarship and fellowship opportunities. So the waiver option would not be ideal in giving you the best possible chance of financial rewards at those programs. Other schools, such as USC Marshall, indicate that waivers do not influence an applicant’s scholarship chances. Ultimately, to make the best decision for your personal situation, you must determine whether you feel an exam score would appropriately showcase your abilities and demonstrate your potential to excel in an MBA program. If not, a GMAT/GRE test waiver might be a fitting option, given the policies of the programs that interest you. |
FROM mbaMission Blog: Consider a Part-Time MBA Program |
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 full-time MBA students, part-time ones do not miss out on two years of salary (and, in some cases, retirement savings) and can still earn raises and promotions while completing their 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. |
FROM mbaMission Blog: Fixing Two of the Most Common Interviewing Mistakes |
Many MBA students are preparing for interviews right now, and we at mbaMission are noticing a number of common (yet easily correctable) mistakes our clients are making when responding to interview questions. In this post, we will address two in particular and give you strategies for correcting them. Mistake #1: Taking too long to get to the main point of your story. This is problematic because you run the risk that your interviewer will stop paying attention and miss hearing how great you are and how you can help their organization. To address this issue, we recommend implementing an “answer first” approach, which we illustrate with the following “before” and “after” sample answers to the very common prompt “Tell me about yourself.” Before: I am a first-year MBA student at School X, majoring in strategic management. I grew up in the Bay Area and went to college at School Y. I joined Company Z’s leadership rotational program and served across the marketing, operations, and finance functions of the company. After two and a half years and a promotion, I left Company Z to join a start-up, where I did project management and helped scale the company from ten to 200 employees... Revision Tips: Start with a headline or roadmap for your answer. Before describing specific experiences, try summarizing them according to a theme, such as common elements or relevant attributes for the job. Make sure by the end of your answer, the interviewer can understand the connection between your experiences and your target role. After: I am really excited to be here today, interviewing for a consulting position with Firm X, because I believe my experiences thus far will enable me to drive impact for your clients. Throughout my personal and professional life, I have chosen opportunities that developed my analytical problem-solving foundation and pushed me to build strong leadership and client engagement capabilities. After attending College Y, I decided to join Company Z’s leadership rotational program to apply the business acumen I had developed as an undergraduate economics major. Throughout my two and a half years at the company and rotations across four different functions, I have frequently collected and analyzed large datasets to form hypotheses and proposed potential solutions to senior leadership... Here is another example of using the “answer first” approach, this time, in response to the prompt “Tell me about a time when you convinced someone to adopt a different way of thinking.” Before: I would like to tell you about a time when I disagreed with the senior management of Company X about the company’s marketing strategy. The challenges I faced were... Revision Tips: Hook the interviewer from the start. Use words from the interviewer’s question in your response, and provide context (e.g., numbers) to help them understand that persuading senior management was a true challenge and that your actions were impactful to the organization. After: I would like to tell you about a time when I convinced the senior director of innovation at Company X, James, to shift from a traditional marketing strategy to a social media–based one. This change led to an eight-X increase in visibility for the firm’s innovation initiatives and three new client contracts worth more than $2M in revenue. In doing this, the challenges I faced were... With both of these prompts, we recommend limiting your answer to two minutes. No matter how awesome your full story is, the interviewer wants to see how you curate your experiences into a concise narrative. Mistake #2: Not telling your story in a compelling way. Although many MBA students prepare structured stories to share with their interviewer, they sometimes do not present those stories in an engaging manner. Your word choice, tone, and body language are critical for success in your interview. A lack of confidence manifests in an inability to project authority and credibility—and likely concern on the part of the interviewer that you are not qualified for the job. To improve your performance, try these strategies: reflect, research, and take action. Reflect: Ask yourself, “What is the root cause of my lack of confidence?” Recall situations in which you felt confident and ones in which you lacked confidence. Can you identify any similarities or common threads between these two types of situations? Uncovering what makes you feel nervous will help you find remedies for it. Recognize that different tactics work for different candidates, but in the end, be kind to yourself, and believe in your abilities. Tip: Practice reframing exercises; remind yourself that you are the expert on you. For some useful tips, read this article by workplace psychologist Adam Grant about overcoming his fear of public speaking and this blog post by Jodi Glickman on improving your executive presence. Research: Analyze the target job description, and talk with employees at the firm to identify the most important competencies for the role. Identify details in each of your stories that correspond with those competencies. Tip: “Sell” your accomplishments to your interviewer by quantifying your impact. Highlight specifics about how you helped your previous employers or transformed outcomes for an organization; this kind of information helps the interviewer understand your value. Take Action: Prepare talking points for your interview. Identify the three key ideas you want to communicate about yourself and the three reasons you are passionate about your target role and company. Tip: Practice interviewing (aloud!). Find friends or—even better—people who do not know you well to conduct a mock interview with you. Record and review your practice sessions, looking to learn from the moments when you appear most (and least) confident. |
FROM mbaMission Blog: Answering Your Questions about HBS’s and the Stanford GSB’s Essays |
This year, Harvard Business School (HBS) revamped its essay prompts. It has replaced its previous, open-ended question about what else you would like to share with the admissions committee with three shorter, more defined essay prompts: a Business-Minded Essay, a Leadership-Focused Essay, and a Growth-Oriented Essay. With Round 2 application deadlines just around the corner, many applicants are no doubt starting (or continuing) to rack their brains over how to tackle these new HBS essay prompts, as well as the always challenging Stanford Graduate School of Business (GSB) essay question “What matters most to you, and why?” To help you write these essays, we at mbaMission have identified the top questions that candidates applying to these business schools tend to ask us. We hope our ideas will provide food for thought and help you kick-start your HBS and Stanford GSB essays. “Which one should I write first?” If you are applying to both HBS and the Stanford GSB, you might be wondering whether writing the HBS essays first would be easier or whether starting with the Stanford GSB essay would be the better option. The answer is that neither will necessarily be easier than the other, so you can begin with either one. Try starting with an essay that you find more instinctive to write. Because the new HBS essay questions are more defined and shorter, many applicants might find them less challenging to start with. That said, some candidates already have a topic in mind for their Stanford GSB essay and therefore might find that one easier to work on first. Whichever one you choose, the important thing is just to start writing! “How long should the essays be?” HBS has a limit of 300 words for its Business-Minded Essay and of 250 words for both its Leadership-Focused Essay and its Growth-Oriented Essay. As for the Stanford GSB’s essays, the school’s admissions committee suggests writing no more than 650 words for Essay A (“What matters most to you, and why?”) and no more than 350 words for Essay B (“Why Stanford?”). The total word count for both essays combined cannot exceed 1,000 words. Although you might be tempted to write more than 650 words for Essay A, doing so could be detrimental to your Essay B. In our experience, 350 words is already a tight space in which to respond to the Essay B prompt, so we recommend sticking close to the suggested word count for each essay. “Should the essays be personal, professional, or a mix of the two?” Yes, yes, and yes. We have seen successful HBS and Stanford GSB essays that use a mix of personal and professional stories, successful essays that use only personal stories, and successful essays that use only professional stories. The admissions committee is not looking for a specific mix. They are looking to learn more about you. So whatever stories you choose, just make sure that they are woven into your narrative coherently and compellingly. “Is the Stanford GSB’s optional short-answer question really optional?” Generally speaking, you will not be penalized for skipping any question that is marked as “optional.” That said, optional questions provide an opportunity for you to share stories or additional context that you might not have been able to fit into your two required essays. So, we encourage you to answer the school’s optional short-answer question: “Think about a time in the last few years when you’ve created a positive impact, whether in professional, extracurricular, academic, or other settings. What was your impact? What made it significant to you or to others?” You can share up to three examples, so seize this chance to share more of your achievements! Although these are some of the most common questions we receive about the HBS and Stanford GSB essays, applicants undoubtedly have many more that we have not addressed here. If you would like additional targeted guidance on approaching and writing your Stanford GSB essay, along with annotated essays from actual past applicants, check out our book “What Matters?” and “What More?”: 50 Successful Essays for the Stanford GSB and HBS (and Why They Worked). Be aware that this book also includes and analyzes past HBS essays, but they are based on the school’s previous prompt and not the current ones. |
FROM mbaMission Blog: What About European Business Schools? |
We recently discussed part-time MBA programs as an option for candidates who are unsure of whether a full-time program is the right choice for them. 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 (Saïd), 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. Other candidates may also be aware that IMD offers a boutique MBA program with remarkable international diversity, highly regarded academics, and a strong 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 applicants, the key issue is where they would like to be after completing their education. If you hope to work in Europe, these schools clearly offer an advantage over all but the top five or six U.S. schools—Harvard Business School, for example, can probably open as many doors in Europe as INSEAD can. However, if you hope to work in the States, the European schools will not provide the pipeline of opportunities that a top-ranked American school could, particularly for candidates who are targeting a niche industry or 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 international business schools, including INSEAD, Cambridge Judge, and IMD, check out our free mbaMission International Program Guides. |
FROM mbaMission Blog: Consider a Tech MBA Program to Advance in Your Technology Career |
The technology industry is one of the fastest growing industries in the world. But it is also a rapidly changing one, with a high level of layoffs, disruptions, and uncertainty. Workers in the technology industry need to constantly keep up with the demand for new skills and knowledge. Technology professionals often ask us at mbaMission how an MBA can help them advance in their career—or whether an MBA would even be helpful to them. What are the top roles for MBAs in the technology industry? Should you consider pursuing a Tech MBA? What is the difference between a regular MBA and a Tech MBA program? With this blog post, we hope to provide you with food for thought on this topic and help you understand how a Tech MBA might help you further your career in the technology industry. “Is earning an MBA worthwhile for people in the technology industry?” The answer to this question depends on a number of factors. To assess whether an MBA would be worthwhile to have in your technology career, consider what your goals are. For example, if your long-term career goal is to achieve a role such as chief technology officer, you might be required to have an advanced engineering or computer science degree. However, many roles in the technology industry could benefit from a dual understanding of how business and technological aspects interact and affect a company’s revenue. For example, product managers are responsible for managing various facets of a product line, such as understanding customer needs, defining product strategy, working with development teams, and driving product launches. These duties require a combination of business and technological knowledge and skills One way to research whether an MBA is valued at your company or in your particular field is to look at the profiles of professionals who have the job you want. What type of prior work experience do they have? What is their educational background? You can also review job postings to see what the criteria are for the roles you might wish to pursue in the future. “What kinds of roles do MBAs have in the technology industry?” Many roles in the technology industry value the business acumen that MBAs possess, particularly in the following areas and functions:
Some business schools specifically offer what is known as a “Tech MBA,” such as the Johnson Cornell Tech MBA, NYU Stern’s Andre Koo Technology and Entrepreneurship MBA, and UW Foster’s Technology Management MBA. Certain aspects of these programs differ from one school to the next, however. For example, the Johnson Cornell Tech MBA is a one-year residential program, whereas UW Foster’s Technology Management MBA is an 18-month program. When deciding which program is right for you, be sure to research the curriculum at the ones you are considering. What skill gaps do you need to fill in business school? Does the curriculum allow you to waive out of courses in subjects in which you already have expertise, allowing you to focus more on areas you want or need to learn? Asking these sorts of questions will help you understand how a program could help you advance in your technology career. “What is the difference between a traditional MBA program and a Tech MBA program?” The two major differences between regular MBA and Tech MBA programs lie in the makeup of the student community and the academic curriculum. First, students in a traditional MBA program typically come from a variety of backgrounds, though many will have a business background in finance or consulting. In general, regular MBA programs strive to assemble a diverse class of students from a wide range of industries, functions, and roles. Consequently, graduates from traditional MBA programs tend to want to enter different industries and functions. Most students in Tech MBA programs, by contrast, come from the technology sector or have technical skills and plan to return to the industry post-MBA or enter a technical role of some kind, possibly even outside the technology sector. Second, in a Tech MBA program, the curriculum focuses on technology and technology-related business and management skills, whereas in a traditional MBA program, the curriculum usually covers more general business and management topics. Keep in mind that even if a business school does not offer a dedicated Tech MBA, it might still have plenty of technology-related courses or programs. For example, MIT Sloan offers aDigital Product Management Certificate, and students at the Stanford Graduate School of Business have opportunities to take classes at the university’s engineering school. These are just some of the common questions we receive from tech applicants to business school; candidates undoubtedly have many more that we have not addressed here. If you would like additional guidance on choosing the right MBA program to help you progress in your technology career—or on how to approach your MBA applications—sign up for a free 30-minute consultation with a member of the mbaMission team. |
FROM mbaMission Blog: Top MBA Programs to Consider |
As we approach the end of the year, many MBA hopefuls are already considering their strategies for the 2025–2026 application season. Deciding which schools to target can seem like an overwhelming task. Of all the top MBA programs out there, which one is right for you? What makes an MBA program stand out from the rest? Many MBA applicants look at rankings when they begin to choose their target schools. MBA rankings can be an easy way to get a general idea of the top MBA programs, but rankings should be regarded as what they are: simply one aspect of the application process. The schools included among the top ten or top 15 in MBA rankings are undoubtedly all great programs; they are not, however, right for every applicant. For example, Harvard Business School (HBS) and the Stanford Graduate School of Business (GSB) can be found near or at the top of global MBA rankings each year. Both are certainly wonderful institutions that attract applicants from around the world, but they are two completely different schools. For one, HBS uses the case method in nearly all classes, while the teaching methods at Stanford GSB range from lecture and case method to simulation and action-based learning. All top business schools teach their MBA students such essential skills as problem solving and leadership management. How the basics are taught and what lies beyond the basics, however, vary greatly among schools. Therefore, take MBA rankings with a grain of salt. Consider the fact that MBA rankings have been published for more than two decades, and most (if not all) of the schools on top have stayed within the top 20 throughout the years. Which business school is ranked number one in any given year matters much less than maintaining consistent quality. If you are looking for excellence in a particular aspect, however, rankings may be a useful tool for research. For example, an applicant who is interested in joining a nonprofit for an internship during their studies or for employment after graduation would benefit from looking at the U.S. News & World Report MBA ranking for nonprofit management, where the Yale School of Management is consistently ranked number one. Also, the New York University Stern School of Business is well known for its finance program and is often ranked highly by U.S. News for finance MBA programs. With regard to schools that consistently rank among the best in the world, one can turn to the so-called M7 to gain a general idea. The M7 is a group of top business schools within the United States that are known to provide continuously high-quality education and career outcomes for their students. The M7 consists of HBS, the Wharton School of the University of Pennsylvania, Stanford GSB, Columbia Business School, the MIT Sloan School of Management, the Northwestern Kellogg School of Management, and the Chicago Booth School of Business. We at mbaMission offer our extensive and detailed Insider’s Guides on 17 business schools, including the M7 schools. Below, we offer a glimpse into each of these schools. Berkeley Haas The Haas School of Business at the University of California, Berkeley (Berkeley Haas) is a small but dynamic powerhouse among MBA programs. Because it is located in a small college town but close to San Francisco, students can enjoy the best of both worlds during their studies. Haas is renowned for its tight-knit student community, fostered by its culture, location, and class size. The acceptance rate at Berkeley Haas was 23.0% in 2023. The median GMAT score for the Berkeley Haas Class of 2026 was 730. Berkeley Haas typically is included among the top 20 in MBA rankings and was ranked seventh in the 2024 U.S. News domestic list. Chicago Booth The University of Chicago Booth School of Business’s (Chicago Booth’s) reputation as a “finance school” is largely warranted, but the program should also be known for its flexibility and hands-on opportunities. Although students must meet certain foundational course requirements, Chicago Booth has no strictly defined, mandatory core curriculum, which allows students to focus on their professional ambitions right away. The acceptance rate at Chicago Booth was 32.6% in 2023. The average GMAT score for the Chicago Booth Class of 2026 was 729. Chicago Booth is often ranked within the top five or ten business schools. Most recently, Chicago Booth was ranked third by U.S. News in 2024, in a tie with Northwestern Kellogg. Columbia Business School Columbia Business School (CBS), a consistently top-ranked MBA program, typically draws approximately 7,000 applicants a year. Its New York City location gives students access to industry leaders and plentiful opportunities for internships and experiential learning. Although CBS is best known for finance, more of its graduates often enter consulting, and interest in media/technology has soared in recent years. The acceptance rate at CBS was 22.4% in 2023. The average GMAT score for the CBS Class of 2026 was 732. CBS is typically ranked among the top ten business schools. In the 2024 Financial Times international ranking of business schools, CBS was third internationally and second domestically. Cornell Johnson Cornell University’s Samuel Curtis Johnson Graduate School of Management (Cornell Johnson) is considered one of the leading business schools in the country. Its relatively small class size and idyllic location near New York City allow students to experience both the intimacy of a close-knit college town and the vast possibilities offered by the more metropolitan cities nearby. The acceptance rate at Cornell Johnson was 29.9% in 2023. The median GMAT score for the Cornell Johnson Class of 2026 was 710. Most business school rankings in recent years have included Cornell Johnson within the top 20. In 2024, Financial Times ranked Cornell Johnson fifth domestically and ninth internationally. Dartmouth Tuck The Tuck School of Business at Dartmouth College (Dartmouth Tuck) is the oldest graduate school of management in the United States. The combination of the school’s small class size and its remote location in Hanover, New Hampshire, makes the culture distinctive. The school’s close-knit community creates a strong sense of teamwork on campus, no doubt contributing to the reputation Tuck alumni have in the workforce for excelling in team-based industries, such as consulting. The acceptance rate at Dartmouth Tuck was 40.1% in 2023. The average GMAT score for the Dartmouth Tuck Class of 2026 was 727. Dartmouth Tuck is most often included among the top ten in business school rankings. In the 2023–2024 Bloomberg Businessweek ranking, Dartmouth Tuck was third. Duke Fuqua Duke University’s Fuqua School of Business (Duke Fuqua) has a collaborative culture that tends to resonate with applicants who seek a team-first learning environment. The “Team Fuqua” mentality is infused throughout the school’s program, inspiring students to instinctively help one another in their professional development. The school’s tight-knit community is further bolstered by its location in picturesque Durham, North Carolina. The acceptance rate at Duke Fuqua was 22.1% in 2023. The middle 80% GMAT range for the Duke Fuqua Class of 2026 was 660–760 (the school does not release information regarding the average GMAT score). Duke Fuqua is consistently ranked among the top 20 business schools. In 2024, U.S. News ranked the Duke Fuqua MBA program 12th in the United States. Harvard Business School Harvard Business School (HBS) has arguably the strongest global MBA brand and is therefore a dream school for the up to 10,000 candidates who apply annually. HBS is known for pioneering the case method, which students and alumni alike often credit for providing real-life problem-solving skills that lead to business success. The acceptance rate at HBS was 13.2% in 2023, making it one of the most selective MBA programs in the United States. The median GMAT score for the HBS Class of 2026 was 740. HBS typically is included among the top ten, if not the top five, in business school rankings. In the 2024 U.S. News ranking of domestic business schools, HBS was sixth. Michigan Ross The University of Michigan’s Stephen M. Ross School of Business (Michigan Ross) offers students a well-rounded general management curriculum, complemented by signature hands-on learning opportunities. Michigan Ross appeals to MBA applicants who seek a true campus vibe and a collegial culture. The acceptance rate at Michigan Ross was 38.0% in 2023. The average GMAT score for the Michigan Ross Class of 2026 was 728. Business school rankings consistently include Michigan Ross in the top 20. In 2024, Bloomberg Businessweek ranked Michigan Ross eighth in the country. MIT Sloan The MIT Sloan School of Management (MIT Sloan) claims to be a different type of business school. In fact, its students—known as “Sloanies”—frequently refer to the program as the “anti-MBA MBA.” Indeed, MIT Sloan accepts applicants from a plethora of backgrounds, and Sloan graduates go into post-MBA positions in various fields. The acceptance rate at Sloan was 17.8% in 2023, making it one of the most selective full-time MBA programs in the United States. The median GMAT score for the MIT Sloan Class of 2026 was 730. MIT Sloan typically is included among the top 15 in business school rankings. U.S. News ranked MIT Sloan fifth in the 2024 list of top business schools. Northwestern Kellogg Northwestern University’s Kellogg School of Management (Northwestern Kellogg) strives to develop leaders who have a thirst for creativity and innovation, a commitment to collaboration, and an eye toward empathy. Northwestern Kellogg is perhaps best known for its marketing expertise and interactive student experiences, and for placing students into brand management roles at consumer products companies. The acceptance rate at Northwestern Kellogg was 33.3% in 2023. The average GMAT score for the Northwestern Kellogg Class of 2026 was 733. Northwestern Kellogg can nearly always be found among the top ten programs in business school rankings. In the 2024 U.S. News ranking of domestic business schools, Northwestern Kellogg was third. NYU Stern New York University’s Stern School of Business (NYU Stern) is one of New York City’s preeminent MBA programs. NYU’s campus is just a few subway stops away from not only major finance, consulting, technology, and media companies but also New York’s vaunted “Silicon Alley” start-up community. Stern offers ample opportunities to study all the aforementioned industries. The acceptance rate at NYU Stern was 31.4% in 2023. The average GMAT score for the NYU Stern Class of 2026 was 733. Business school rankings most often include NYU Stern in top 15. In 2024, U.S. News ranked NYU Stern seventh in the country. Stanford GSB The Stanford Graduate School of Business—more typically known as “the GSB”—is the most selective business school in the world, admitting less than 10% of its applicants. Stanford GSB’s reputation for a close-knit and laid-back community, symbiotic relationship with Silicon Valley, and warm California weather contribute to its desirability and selectivity. The acceptance rate at Stanford GSB was 8.4% in 2023, making it the most selective MBA program in the United States. The average GMAT score for the Stanford GSB Class of 2026 was 738. Stanford GSB is consistently listed among the very top in business school rankings, and the school was number one in the 2024 U.S. News domestic ranking. UCLA Anderson The Anderson School of Management at the University of California, Los Angeles (UCLA Anderson), is located in one of the largest cities in the United States, offering its students access to a fairly wide variety of industries and to “Silicon Beach,” home to more than 500 technology companies and start-ups. As a relatively small program, UCLA Anderson fosters camaraderie and a positive environment for its students. The acceptance rate at UCLA Anderson was 40.4% in 2023. The mean GMAT score for the UCLA Anderson Class of 2026 was 714. UCLA Anderson is typically included among the top 20 in business school rankings. The 2024 Financial Times ranking listed UCLA Anderson in 12th domestically and 18th internationally. Wharton The Wharton School of the University of Pennsylvania offers a world-renowned MBA program, and many aspiring entrepreneurs and future C-suite executives set their sights on the school for its rigorous analytical curriculum, impressive roster of professors, and vast network of well-placed MBA alumni. The acceptance rate at Wharton was 24.8% in 2023. The average GMAT score for the Wharton Class of 2026 was 732. Wharton consistently ranks among the top five MBA programs in the world, if not number one. Both Financial Times and U.S. News named Wharton the best business school in the world in their 2024 rankings. UVA Darden The University of Virginia Darden School of Business (UVA Darden) boasts a distinctly tight-knit culture, thanks in large part to its small class size, the interdependence of its first-year learning teams, and its reliance on the case method. Darden students take UVA’s Honor System seriously, both inside and outside the classroom, vowing to never cheat, lie, or steal. The acceptance rate at UVA Darden was 39.4% in 2023. The average GMAT score for the UVA Darden Class of 2026 was 718. Darden’s placement in rankings varies yearly but the school is typically included in the top 20, if not the top ten. Bloomberg Businessweek ranked Darden fifth among U.S. business schools in 2024. Yale SOM The Yale School of Management (Yale SOM) has a mission to “educate leaders for business and society.” The program prepares students to have an impact at the intersection of business and society, including in sustainability, asset management, health care, education, financial stability, the role of women in business, and global leadership. The acceptance rate at Yale SOM was 32.9% in 2023. The median GMAT score for the Yale SOM Class of 2026 was 730. Yale SOM consistently is included among the top ten in business school rankings. In 2024, U.S. News ranked Yale SOM seventh domestically. |
FROM mbaMission Blog: A Sense of Community at UC Berkeley Haas and Stanford GSB |
The Haas School of Business at the University of California, Berkeley, is one of the smaller top MBA programs in the United States, with an average class size of between 240 and 300 students. Despite its small size, however, Berkeley Haas offers a diverse community, both regionally and professionally. Nearly half of each incoming class is made up of international students, and each entering class as a whole reflects a wide array of interests and professional backgrounds. Each of Berkeley Haas’s incoming classes is divided into smaller groups, called cohorts, and students remain in their cohort for the first semester, taking all core courses together. Within the cohort, students are further divided into study groups. Study group members work together to prepare for presentations and exams as well as to study cases, and these small groups help enhance and reinforce the relationships between classmates. Noted a second-year student with whom mbaMission spoke, “With everyone trying to work out their identity at the start,” the cohort “makes everything less overwhelming.” Located just an hour’s drive from Berkeley Haas, the Stanford Graduate School of Business (GSB) is similarly well known for its close-knit atmosphere, though its typical class size is a bit larger, with approximately 400 to 450 students. However, the school’s relatively small class size allows it to provide students with individualized coaching. First-year students at the GSB receive academic advising to help them create a customized plan for fulfilling their core requirements based on their strengths, weaknesses, experiences, and interests. Students can also take advantage of Career Management Center advisors, who can offer new perspectives on life beyond the GSB, and Arbuckle Leadership Fellows, who work with first-year students through lab sessions and one-on-one meetings. For more information on Berkeley Haas, the Stanford GSB, or 15 other leading MBA programs, check out our free mbaMission Insider’s Guides. |
FROM mbaMission Blog: Didn’t Get What You Really Wanted This Holiday Season? We’ve Got You Covered! |
If you’re here, we know what’s truly at the top of your wish list: an acceptance letter to your dream MBA program. This year, give yourself the ultimate gift with onTrack by mbaMission, a personalized MBA application experience designed to guide you step-by-step toward success. No wrapping paper required—just your determination and our expert support. And to celebrate the season of giving, we’re offering 50% off all onTrack packages through January 31, 2025 with code NEWYEAR50. Why Choose onTrack by mbaMission?
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FROM mbaMission Blog: London Business School and INSEAD: Which Program Is Right for You? |
If you are interested in attending an MBA program in Europe, you might be considering London Business School, which is based in London, or INSEAD, which is based near Paris. In addition to being considered two of most reputable MBA programs in the world, London Business School (or LBS as it is often called) and INSEAD are typically thought of as the top two business schools in Europe. The programs are simultaneously quite similar and quite different. So how do they compare to one another? And what factors should you consider if you are researching these two schools? In this post, we will take a deep dive into the similarities and differences between LBS and INSEAD. Commonalities These elite international MBA programs both pride themselves on having a very international focus with respect to their program content and the diversity of their students. The student body at LBS and INSEAD is typically 80% to 90% international, with no one dominant nationality, and represents 70 or more different countries. For comparison purposes, the most globally diverse U.S. MBA programs have student bodies that are 30% to 40% international. Many of the students at LBS and INSEAD will tell you that a large amount of learning comes directly from their classmates, whether that is hearing their peers share professional stories during classroom discussions or collaborating with them on team projects. Gaining such a breadth of perspectives from one’s fellow students can be a very valuable part of the MBA experience. In addition, both LBS and INSEAD are able to strongly position their students for post-MBA employment within Europe, with 40% to 60% of the programs’ graduates remaining in Europe each year after earning their degree. INSEAD and LBS also have strong ties and study opportunities with other schools globally, particularly within Asia and the Middle East. INSEAD has a campus in Singapore and a newer location in Abu Dhabi, while LBS has a campus in Dubai and international exchange options at 30 partner schools worldwide. The two schools are similarly competitive, with students’ average GMAT scores in the 700 to 710 range. And finally, both offer a wide variety of electives and a reasonable amount of flexibility in how students can structure their education during the program. Differences One of the biggest ways that INSEAD and LBS differ is an obvious one: the length of the program. Generally speaking, INSEAD is a one-year MBA program, whereas LBS is effectively a two-year program. Worth noting is that at INSEAD, the standard program option starts in September and lasts for ten months—covering five two-month study periods—and does not include an internship. However, the school also offers a slightly longer program that begins in January, lasts for 12 months, and does include an internship option. By contrast, the two-year (21-month) program at LBS includes a summer internship or alternate summer option, such as the Entrepreneurship Summer School, which is unique to LBS. This extended timeline could be beneficial to candidates who would like to have more time to explore their options, try different electives, and participate in an internship and career research. The longer program format can also be particularly helpful for career switchers. Most LBS students follow the typical two-year path, but the school does offer shorter 15- and 18-month options, in which students take fewer electives. Another differentiating factor between the two programs relates to their length: their cost. With the shorter INSEAD program, students have fewer living expenses and less lost income. An additional difference between LBS and INSEAD is relatively obvious, but still important to consider fully, and that is location! Would you prefer to study in London or in the French countryside, 40 minutes from Paris? Neither is better, of course, but these are very different experiences. Some people might enjoy being in LBS’s bustling city setting, while others might enjoy INSEAD’s more quiet campus setting, where the community comes together and creates bonds. Other Factors to Consider Whenever you research an MBA program, make sure to review its most recent employment reports—these are typically available on the schools’ websites—to confirm that your desired career choice is one you can effectively pursue via the program. In recent years, more than 50% of INSEAD’s graduates have gone into consulting immediately after earning their MBA. In fact, INSEAD often sends more of its graduates to McKinsey than any other global business school. Approximately 20% of INSEAD MBAs enter technology positions, and just 10% to 15% enter roles in financial services. At LBS, a large number of graduates also go into consulting, often more than 35% of the class, and McKinsey has recently been the top recruiter at both schools. However, LBS MBAs tend to be more spread out across multiple industries, with close to 30% entering technology and more than 25% going into financial services. In terms of post-MBA geography, 50% to 60% of LBS students typically stay in the United Kingdom after earning their degree, thanks to the UK Graduate visa program, which allows them to work in the region for two years following graduation, without needing company sponsorship. As for INSEAD’s graduates, approximately 40% of each class finds employment somewhere in Europe. Although that figure is lower than LBS’s, it is still impressive. The bottom line is that either program could be a good option if your goal is to work in Europe after gaining your MBA. With respect to curriculum, the two schools have similar core offerings that students take early on in the program, and both offer extensive elective options, but because the LBS program is longer, its students are generally able to take a greater number of elective courses. LBS’s longer program length also means that students can choose an optional elective concentration, or specialization—this is not an option at INSEAD. Specializations are available within Change Management, Entrepreneurial Management, Finance, Marketing, Private Equity, Strategy, Economics, and Technology and Analytics. In terms of teaching style, INSEAD is known for its use of the case study method, whereas LBS has a more mixed teaching style that includes case studies, discussions, and group projects. So, what about the expectations of the programs’ admissions officers? Both LBS and INSEAD seek globally minded professionals and require that candidates submit test scores, along with all the other traditional elements that MBA programs demand as part of the application process. However, INSEAD takes things a step further by requiring that candidates have proficiency in a second language by the time they apply to the school and basic proficiency in a third language by graduation. LBS does not have language requirements, but the school recommends that students achieve competency in a second language to increase their career prospects, and it offers language training courses and related opportunities as part of the MBA program. To summarize, these programs share some real similarities, being globally focused MBA programs in Europe, but they also significantly differ in terms of teaching method, location, length, and admissions prerequisites. When deciding where to pursue your degree, pay close attention to those differences, because you need to know that you can be happy at the school you ultimately choose. If you are interested in learning more about either or both of these schools, we offer a “Learning about” module for LBS and for INSEAD—and for many other MBA programs—in onTrack by mbaMission, our on-demand and highly customizable admissions course. In each school’s module, we go deep into the reasons someone might want to attend the program, as well as the reasons someone might not want to, and address the curriculum, career opportunities, and a number of school-specific special topics. These onTrack modules can also facilitate your essay writing, short-answer strategy, interview preparation, and other important application tasks. |