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# The mbaMission Blog

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Joined: 25 Apr 2013
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MBA News: International Applicants Achieving Higher GMAT Scores than A [#permalink]
 FROM mbaMission Blog: MBA News: International Applicants Achieving Higher GMAT Scores than American Ones According to a recent Wall Street Journal article—which quotes mbaMission’s own Founder/President Jeremy Shinewald—MBA program applicants from China and India have been attaining higher scores on the GMAT than test takers from the United States.The article, titled “On B-School Test, Americans Fail to Measure Up,” explains that Asia-Pacific MBA hopefuls have exhibited advanced proficiency as of late on the Quantitative section of the GMAT—causing median scores to rise and Americans’ results to appear less than stellar by comparison. For this reason, admissions officers for various programs are now seeking new methods by which to judge applicant strength. According to Shinewald, U.S. candidates are “banging their heads the wall” and test score inadequacy is “causing a ton of student anxiety.”
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Dean Profiles: Sunil Kumar, The University of Chicago Booth School of [#permalink]
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Beyond the MBA Classroom: Liquidity Preference Functions at Stanford G [#permalink]
 FROM mbaMission Blog: Beyond the MBA Classroom: Liquidity Preference Functions at Stanford GSB When you select an MBA program, you are not just choosing your learning environment, but are also committing to becoming part of a community. Each Thursday, we offer a window into life “beyond the MBA classroom” at a top business school.“Leave it to clever biz students to dress up a party as a business meeting,” quips a Stanford Graduate School of Business (GSB) News article in reference to the school’s weekly Liquidity Preference Functions—or LPFs—explaining, “Every Friday … students blow off end-of-the-week steam over beverages, food, and loud music.” Essentially happy hours, LPFs are a longstanding GSB social tradition in which students get together to enjoy spirits at local establishments after classes. Alumni even have LPF events during reunion. In fact, the gatherings are such a quintessential part of the GSB experience that two of the school’s graduates who started a winery together named one of their wines LPF to honor this facet of their time at their alma mater.For in-depth descriptions of social and community activities at the Stanford GSB and 15 other top MBA programs, check out the mbaMission Insider’s Guides.
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Diamonds in the Rough: Rotman School of Management [#permalink]
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Friday Factoid: Overseeing Almost \$9M at UVA Darden [#permalink]
 FROM mbaMission Blog: Friday Factoid: Overseeing Almost \$9M at UVA Darden Many think that because the University of Virginia’s Darden School of Business casts itself as offering a general management program, the school has no specialties. General management, however, is a philosophy that suggests that no business problem can viewed in isolation—for example, a finance problem relates to marketing, a marketing problem relates to operations, and so on. In the student club Darden Capital Management (DCM), students can apply general management principles in evaluating equities to understand the entire firm while also specializing in asset management to further their careers in this finance industry niche.Through DCM, first-year students pitch long and short investment ideas to second-year student fund managers who oversee nearly \$9M of Darden’s endowment, which is divided among five funds, each with its own focal area. Approximately 20 first years ultimately “graduate” and run these funds themselves for credit as second years, reporting on their investment decisions and performance to Darden’s finance board. Students who manage these funds report that they have had an advantage breaking into asset management, because this hands-on experience gives them plenty to discuss in interviews. Managing close to \$9M will do that…For more information on the Darden School or 15 other leading MBA programs, check out the mbaMission Insider’s Guides.
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B-School Chart of the Week: If Not Accepted This Year, Will You Reappl [#permalink]
 FROM mbaMission Blog: B-School Chart of the Week: If Not Accepted This Year, Will You Reapply Next Season? Although quantifying a school’s profile certainly does not tell you everything, it can sometimes be helpful in simplifying the many differences between the various MBA programs. Each week, we bring you a chart to help you decide which of the schools’ strengths speak to you.We recently surveyed a number of visitors to our site to get a feel for the concerns, plans, and mind-sets of this season’s MBA applicants. Now the results are in, and for those who are curious about their fellow applicants’ views on business school, we will be sharing some of the collected data in our B-School Chart of the Week blog series. “If you are not admitted to any MBA programs this year, will you try again next year?” When we asked visitors to our site this question during the 2013 application season, the majority—64.4%—responded “yes.” This year, that number rose dramatically, with an even more significant majority—82.1%—indicating that they plan to reapply to business school next year if they do not gain admittance to any programs this season. As the professional landscape continually grows more competitive, we imagine that MBA hopefuls are more determined than ever to obtain their graduate degrees and position themselves for long-term career success. This year’s applicants, at least, seem to view the potential benefits of an MBA as far outweighing the challenges of the application process.
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Monday Morning Essay Tip: Limit the Use of “I” When Beginning Sentence [#permalink]
 FROM mbaMission Blog: Monday Morning Essay Tip: Limit the Use of “I” When Beginning Sentences Although putting yourself at the center of the stories in your MBA application essays is certainly important, a common mistake business school applicants tend to make is beginning too many sentences with the word “I.” As a general rule, you should never begin two sentences in a row this way. Consider the following example:“I worked for three years at ABC Plastics, a small injection molding company. I was responsible for overseeing the overall management of ABC Plastics, from day-to-day operations to strategic planning. I managed 100 people. I worked very long hours, but I learned more than I could have ever imagined.”Now consider the same statement reworked to avoid using “I” at the beginning of subsequent sentences:“For three years, I worked at ABC Plastics, a small injection molding company. My responsibilities at ABC included overseeing the overall management of the company, from day-to-day operations to strategic planning. Because I supervised more than 100 staff members, my days were long, but the experience taught me more than I could have ever imagined.”As you can see, the second example reads much better than the first—and none of the sentences in the second example begin with “I.”
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 FROM mbaMission Blog: Mission Admission: Deciding How Many Schools to Target Mission Admission is a series of MBA admission tips; a new one is posted each Tuesday.These days, as candidates consider their strategies for Round 2 of the MBA application cycle, many have a logical question in mind: To how many business schools should I apply? The answer, of course, varies dramatically from applicant to applicant, but the golden rule is that you should only apply to an MBA program if you have enough time to make your application the best it can be. So, if you have time to “perfect” only three applications, you should focus on applying to just three schools—and not consider submitting five “average” applications.In terms of a target number—assuming that time is not a factor and you can commit yourself to all of your applications—five or six is generally optimal. With five or six applications, you can apply to a mix of reach, competitive, and safe schools—and can thereby truly cover your bases. Of course, each applicant has his/her own risk profile and timing to consider, but for most candidates, applying to too few schools can increase the risk of not being admitted, while applying to too many can be overkill.
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Professor Profiles: Dan Ariely, Duke University’s Fuqua School of Busi [#permalink]
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Beyond the MBA Classroom: Tailgating Parties at Ross [#permalink]
 FROM mbaMission Blog: Beyond the MBA Classroom: Tailgating Parties at Ross When you select an MBA program, you are not just choosing your learning environment, but are also making a commitment to a community. Each Thursday, we offer a window into life “beyond the MBA classroom” at a top business school.College football is big in Ann Arbor, and Ross students appear to enjoy the season with real fervor. Tailgates precede nearly every game, and some tailgate parties are even sponsored by corporations and serve as mini recruiting events. At these sponsored tailgates, corporate representatives—who are usually Michigan alumni—network with Ross students. And generally, the more important the game, the more senior the executives representing the sponsor company!And while we are talking about football, we should also mention “The Bus”—a literal school bus painted to look like a Michigan football helmet that is owned by roughly 50 Ross students and has been passed down from class to class each year since the early 2000s. Originally conceived as a way to centralize tailgating for the Ross community, “The Bus” is present at every home game as well as at least one away game each season, serving as home base for spirited tailgate parties. Even the dean has been known to visit tailgates at “The Bus”—which has its own Facebook page! A first-year student with whom we spoke noted that “Bus tailgates at home football games” were not to be missed, saying they are “Lots of fun, and you get to hang out with the whole class.”For in-depth descriptions of social and community activities at Michigan Ross and 15 other top MBA programs, check out the mbaMission Insider’s Guides.
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