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26 May 2015, 07:01
| FROM mbaMission Blog: Monday Morning Essay Tip: Be Cautious with Polarizing Issues |
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Although many MBA programs are interested in hearing about your international experiences, they are fundamentally uninterested in your personal views on “hot” global political issues. Even when an admissions committee directly challenges you to discuss current events or global politics, you must take care to offer a point of view—not a scathing manifesto. No clear rules exist as to what exactly you should discuss, but as you consider ideas, “knowing your audience” is of the utmost importance. Never take risks by discussing an economic, political, social, or cultural idea that you believe an “average person” might find extreme. Of course, “extreme” is open to interpretation, and this is why choosing the issue you will discuss requires so much careful consideration. When you begin writing, keep in mind that you are not trying to win voters or recruit people to your cause—your goal is simply to show that you are engaged in the issues, can consider them in a balanced way, and are able to articulate your ideas persuasively. |
26 May 2015, 14:00
| FROM mbaMission Blog: Mission Admission: The MBA Resume, Part 1 |
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Mission Admission is a series of MBA admission tips; a new one is posted each Tuesday. In your MBA resume, make sure that you are showcasing your accomplishments, not merely stating the responsibilities of your position. When your responsibilities are presented with no accompanying results, the reader has no understanding of whether you were effective in the role you are highlighting. For example, consider the following entry, in which only responsibilities are offered: 2009–Present Household Products Group, Flocter & Gramble Cincinnati, Ohio Brand Manager
2009–Present Flocter & Gramble Cincinnati, Ohio Brand Manager
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26 May 2015, 15:00
| FROM mbaMission Blog: mbaMission Founder Launches Entrepreneurial Podcast |
Many applicants and MBAs aspire to be entrepreneurs after graduation. Our founder, Jeremy Shinewald, has partnered with Venture for America and CBS Interactive to ask the following question: “Is it as easy to start a company as the media make it seem?” Through Smart People Should Build Things: The Venture for America Podcast, Shinewald interviews a diversity of leading entrepreneurs to hear the gritty stories of their ups and downs on the road to success. Two episodes are already live, and many more are scheduled to be released. Subscribe today and determine whether you are suited to follow the path of these entrepreneurs:
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27 May 2015, 10:00
| FROM mbaMission Blog: MBA News: Michigan Ross Dean Stepping Down in 2016 |
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The Stephen M. Ross School of Business at the University of Michigan will have a new leader next year. Last week, the Michigan Daily reported that Dean Alison Davis-Blake has announced her departure from her current position. In a university-wide email, Davis-Blake explained that she will step down at the end of her term in 2016, leaving the spot open for interested candidates. She began her deanship at Ross in 2011 after serving as dean for five years at the University of Minnesota’s Carlson School of Management, and she was the first female dean appointed at both schools. In her email, Davis-Blake explained that she wishes to focus on“broader issues in professional and liberal education.” The Provost’s Office will assemble a search committee to select Davis-Blake’s replacement.Whether her successor will come from within or outside the school remains to be seen. Perhaps Ross will even mimic the global approach of the Wharton School at the University of Pennsylvania, where Aussie Geoffrey Garrett was appointed dean in 2014. |
27 May 2015, 14:00
| FROM mbaMission Blog: Dean Profiles: David Schmittlein, MIT Sloan School of Management |
Business school deans are more than administrative figureheads. Their character and leadership often reflect an MBA program’s unique culture and sense of community. Each month, we will profile the dean of a top-ranking business school. Today, we focus on David Schmittlein from the MIT Sloan School of Management. David Schmittlein first came to the Massachusetts Institute of Technology (MIT) in 2007 after almost 30 years at Wharton, where he served as the Ira A. Lipman Professor in the school’s marketing faculty. He is the first Sloan dean to be hired from outside the ranks of MIT’s faculty and staff, thus bringing with him a wealth of new ideas and energy. Upon joining MIT, Dean Schmittlein announced his top priorities in a press release: “to enhance MIT Sloan’s visibility and engagement with leaders of the business community, regionally and globally, especially among the school’s alumni. MIT Sloan should be a wonderful focal point for the professional lives and development of Sloan alumni and others in the broader MIT community who are engaged in business and innovation.” In addition to enhanced global visibility, a significant focus of Schmittlein’s deanship thus far, according to the school’s Web site, has been management education programs, develop enhanced educational opportunities for current students, and to develop and disseminate business knowledge that has impact and will stand the test of time.” In an interview with mbaMission, Senior Director of Admissions Rod Garcia remarked that one noticeable change since Schmittlein entered the position is that “the dean has placed a huge emphasis on concept-based action learning. We have Entrepreneurship Lab, our Sustainability Lab, our China Lab, our India Lab, our Global Health Delivery Lab, among others. The movement toward these labs has accelerated during the dean’s tenure as he has engaged with our alumni around the world.” For more information about MIT Sloan and 15 other top-ranked business schools, check out the mbaMission Insider’s Guides. |
28 May 2015, 08:00
| FROM mbaMission Blog: MBA News: Tech Companies Express Greater Interest in Hiring New MBAs |
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Survey results published last week by the Graduate Management Admission Council featured an abundance of interesting data—including, as the Wall Street Journal noted, technology companies’ growing interest in recruiting recent business school graduates. Most impressive was the fact that 93% of the tech firm representatives who took part in the survey reported plans to hire MBA graduates this year. Last year, the number was notably lower at 84%. A total of 748 recruiters from 47 countries responded to the survey. Many companies in the energy and utilities industry are hoping to recruit more new MBAs as well—in fact, 96% of the survey participants in this field expressed such interest, while only 78% did so last year. The good news for this year’s business school grads does not end there: the number of finance and accounting companies seeking to hire MBAs was 84%, up 11% from last year’s findings. |
28 May 2015, 17:00
| FROM mbaMission Blog: Beyond the MBA Classroom: Liquidity Preference Functions at Chicago Booth |
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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. Liquidity Preference Function (LPF) is a play on a financial term coined by John Maynard Keynes, and these gatherings are held on Fridays at Hyde Park at the University of Chicago Booth School of Business. Students and their partners/families gather after classes in a communal area in the Harper Building called Winter Garden for free food and drinks. LPF is a school-sponsored event organized by the Graduate Business Council (a group of students elected by the student body to organize activities). LPFs are often theme based, such as the Mentor-Mentee LPF and one at which the Booth Arts Group displayed the finalists in a photography contest it sponsored, and music and dance performances were featured. For in-depth descriptions of social and community activities at Chicago Booth and 15 other top MBA programs, check out the mbaMission Insider’s Guides. |
28 May 2015, 17:00
| FROM mbaMission Blog: MBA News: mbaMission Founder Offers Tips on the HBS Essay |
| The 2015–2016 admissions season deadlines and essay questions are slowly being revealed school by school, and Harvard Business School (HBS) recently announced its essay prompt. Although the essay was deemed optional last year, all applicants wrote one. This year, HBS decided to make the essay a mandatory part of the application process. Jeremy Shinewald, founder of mbaMission, examined the essay question more closely inan article published this week by Poets & Quants, offering applicants ten tips on how to approach the challenge—five recommendations on what to do and five on what not to do. Before sitting down to tackle HBS’s essay, be sure to take a look at Shinewald’s tips! |
28 May 2015, 19:00
| FROM mbaMission Blog: Diamonds in the Rough: Immersion Weeks at Penn State Smeal |
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MBA applicants can get carried away with rankings. In this series, we profile amazing programs at business schools that are typically ranked outside the top 15. Pennsylvania State University’s Smeal College of Business is known for balancing traditional coursework with immersive learning. Smeal’s “7-1-7” modular curriculum structure includes four different immersion experiences sandwiched between seven-week modules over the course of the two-year MBA program. Beginning with a “Career Immersion” week, students participate in various workshops that focus on honing career development skills. The third module focuses on “Leadership Communications” and “Managerial Accounting.” Smeal’s curriculum also includes a required international experience component during the “Global Immersion” module, which takes place in the spring of the first year. Students travel to such countries as Chile, India, and China to visit international organizations across various industries. The first year culminates in a capstone case competition, in which students work in teams to present business strategies to a panel. |
29 May 2015, 08:01
| FROM mbaMission Blog: MBA News: The Class of 2015 Enters an Encouraging Job Market |
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The business school graduation season is almost over, and we offer our congratulations to the Class of 2015 along with some good news: today’s job market for freshly minted MBAs is the most promising it has been in more than ten years. Last week, Bloomberg Businessweek examined the Graduate Management Admission Council’s annual survey of corporate recruiters, which recently gathered information from more than 700 employers in nearly 50 countries. The desire to hire recent MBAs is on the rise, as the percentage of companies expressing plans to do so climbed from 74% in 2014 to 84% in 2015. In 2009, that number was only 50%. Recent graduates in the United States appear to be even luckier than their international counterparts—a notable 90% of U.S.employers expressed interest in hiring newly graduated MBAs this year, while only 75% of employers in Latin America and Asia reported similar plans, and 56% did so in Europe. In addition, the median starting salary for new MBAs has risen steadily, from $82,000 in 2006 to this year’s $100,000. You can view all of the survey results here. |
29 May 2015, 13:00
| FROM mbaMission Blog: Friday Factoid: Pursue Marketing at UPenn Wharton |
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Perennially ranked among the top business schools in the world, the Wharton School of the University of Pennsylvania appears to be best known for its reputation in finance—as its original name, the Wharton School of Finance and Commerce, would imply. Nevertheless, the school prides itself on its breadth and depth of expertise in a multitude of business areas. For instance, consider these facts about Wharton’s highly regarded marketing program:
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30 May 2015, 13:01
| FROM mbaMission Blog: GMAT Impact: How to Make the Best Memories |
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With regard to the GMAT, raw intellectual horsepower helps, but it is not everything. In this blog series, Manhattan Prep‘s Stacey Koprince teaches you how to perform at your best on test day by using some common sense. Has this happened to you? You have ambitious plans to study a ton of things this weekend. You get tired, but you are determined to push through, so you keep studying. You begin to get a bit anxious because you feel you are not learning well (and you are not!), so you study even more. You get even more tired, and that makes it even harder to learn. By the end of the weekend, you are exhausted, frustrated, and demoralized. Time magazine published a fascinating little article a few years back: “To Boost Memory, Shut Your Eyes and Relax.” Go take a look at it. Do not worry; I will wait. In a nutshell: your brain makes better memories when it is not tired. The Time article quotes Michaela Dewar, the lead author of a research study on this topic. She notes that we are “at a very early stage of memory formation” when we first start to study new information, and “further neural processes have to occur after this stage for us to be able to remember this information at a later point in time.” The italics are mine. Note what Ms. Dewar has said: more “stuff” has to happen in our brains after we have studied this info for us to be able to recall that information later on. In the meantime, we have to go do something else that does not involve learning other new things. Eat lunch. Take a walk or exercise. Listen to some music while cleaning the house. Get a good night’s sleep. How can we use this in our GMAT study? There are many ways to study, but do not plan to study for more than about two hours at a stretch. Cut yourself off earlier if you realize that you are feeling significantly mentally fatigued. If you do hit that two-hour mark, stop. You can study more today, if you want, but first take at least a one-hour brain break. Next, if you plan to study on days that you also have work or class, see whether you have the flexibility to study before or during the class/work day. You could get up a little earlier than normal (warning: do not try this if you are a night person) or possibly arrange to get into work a bit later than normal a couple of days a week. You could study on your lunch break. These sessions might only run 20 or 30 minutes, but that is fine—you are just trying to get some studying done earlier in the day, while your brain is more fresh! |
31 May 2015, 14:00
| FROM mbaMission Blog: MBA Admissions Myths Destroyed: I Have a Gap! |
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There is no perfect MBA applicant. However, there is a perception of the perfect applicant—an individual who is scaling greater and greater personal, community, and professional peaks, unabated until he/she finally applies. So, those who take time off at any point perceive themselves as disadvantaged. They worry that the admissions committees will see their gaps and dismiss them outright. After all, aren’t there more determined individuals to admit? It is true that time off can be destructive. If you spend a year on your couch watching reality TV, you are likely in trouble. If you have a strong professional history and spend one month between jobs, sitting on your couch watching reality TV, your record should still speak for itself. But, even if you do take an extended leave, as long as you are productive during this time and you grow personally, you should still be just fine. In fact, an adventure may even add to your story and help you differentiate yourself. If you spend six months or a year traveling before you start your professional career, you are certainly still eligible for a top MBA program. If you take a personal leave to care for a family member, do charity work, or even pursue a personal passion—an art form, for example—as long as you can show purpose and reveal a broad record of competency, an admissions officer should still see your merits. Admissions officers are—and this may be surprising to some—human beings. They understand that applicants are not robots and that they have interests, passions, and personal lives. If you make good use of your time, they will not condemn you. They just might envy you. |
02 Jun 2015, 08:00
| FROM mbaMission Blog: Monday Morning Essay Tip: Support Conclusions with Examples |
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At mbaMission, we always encourage candidates to show their experiences rather than tell their conclusions to the reader. For example, a candidate may mistakenly choose to tell the reader, “I performed exceptionally well in my job and was promoted.” In this case, the reader is left wondering, “What exactly did he/she do so well to earn that promotion?” The reader needs to understand the whole story for the conclusion to be “proven.” We find that candidates occasionally think they are providing the whole story when they are in fact offering only a single data point: Example 1: “For me, as an avid paraglider, extreme sports are not just a hobby but a way of life.” In this case, the conclusion—that the candidate “lives” for extreme sports—is not substantiated. One data point is not enough to “prove” this conclusion. Example 2: “For me, as an avid paraglider and budding heli-skier, extreme sports are not just a hobby but a way of life.” With the addition of the mention of a second activity, the applicant’s case becomes more compelling. Example 3: “For me, as an avid paraglider, budding heli-skier, and experienced cliff diver, extreme sports are not just a hobby but a way of life.” This series of three examples makes the candidate’s passion for extreme sports undeniable. Of course, we have used a simplified example here and would suggest that a candidate put his/her experience into action and show the passion via experience—“Leaping from a ten-meter cliff, I…”—depending on the context of the essay. |
02 Jun 2015, 13:00
| FROM mbaMission Blog: Mission Admission: The MBA Resume, Part 2 |
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Mission Admission is a series of MBA admission tips; a new one is posted each Tuesday. Presenting quantifiable results in your resume is preferred, because such results clearly convey your success in the actions you undertook. However, in some instances, you simply cannot quantify your success. In such cases, you can instead demonstrate nonquantifiable or even potential results. Consider the following examples:
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03 Jun 2015, 08:01
| FROM mbaMission Blog: MBA News: A Harvard Business School Student Reflects on Her First Year |
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The Harvard Business School (HBS) Class of 2015 celebrated its commencement last week, and students in the Class of 2016 can finally take a deep breath—the first year of their business studies is behind them! One member of the latter class, Ellen Chisa, shared her experiences thus far in an article she wrote for Business Insider, touching on a question she says she has been asked numerous times in the past year: “What’s one thing you’ve learned at Harvard Business School that blew your mind?” Of course, answering such a simple question seems impossible considering the amount of information that business school students are expected to learn throughout their challenging first year. Instead of providing a clear-cut answer, Chisa chose to discuss each of the ten core curriculum classes that HBS requires its first-year students to attend. HBSis known for its strong use of case studies—which take up approximately 80% of class time, Bloomberg Businessweek reported in April—and Chisa noted that there was no shortage of cases during her first year at the school. “Doing 20+ cases on countries and politics taught me one important thing: there’s a lot of similarity between different politics situations,” Chisa wrote while discussing the mandatory “Business, Government, and the International Economy” course. “It’s not too hard to brush up on the basics so you can maintain a conversation about international affairs.” Chisa’s brief analysis of each course could prove helpful for aspiring HBS students, but bear in mind what she said: “I can’t tell you everything I’ve learned at HBS, and no book would have prepared me for the experience.” |
03 Jun 2015, 13:00
| FROM mbaMission Blog: Professor Profiles: Peter L. Rodriguez, UVA Darden School of Business |
Many MBA applicants feel that they are purchasing a brand when they choose an MBA program, but the educational experience you will have is what is crucial to your future, and no one will affect your education more than your professors. Each Wednesday, we profile a standout professor as identified by students. Today, we focus on Peter L. Rodriguez from the University of Virginia (UVA) Darden School of Business. Peter L. Rodriguez is an expert in the areas of international business, trade, and economic development, with a focus on corruption. He has used his PhD in economics from Princeton University to study investing—co editing the book Angel Investing in Latin America (Darden Business Publishing, 2005)—and is currently Darden’s senior associate dean for degree programs and chief diversity officer as well as an associate professor of business administration. In 2008, Rodriguez received an award for outstanding teaching at Darden, and in 2007, he won the school’s John Colley Award, which recognizes those who perpetuate Darden’s tradition of close interactions between professors and students. He has written seven cases for Darden on topics ranging from the recent economic difficulties in the United States to financial challenges emerging in Vietnam to the effects of corruption and the economic impact of Hurricanes Katrina and Rita. Because of his personal interest in business developments in Latin America and Africa, Rodriguez has both planned and participated in Global Business Experiences (courses in which students travel to countries outside the United States to explore the culture and business environment there firsthand for several weeks) to countries in those areas. Students with whom we spoke view Rodriguez, known to many as simply “P-Rod,” as a very caring professor who pays special attention to each student, asking about their families and remembering their concerns. One second year described him to us as “one of the most loved professors [at Darden].” And an alumnus with whom we spoke described Rodriguez as “very funny, very articulate, not dry” but added that “he asks tough questions.” This graduate also noted that Rodriguez is very patient with students, helping each to probe deeply for answers and thereby guiding them to deeper insights. “He fills the room with kinetic energy when he walks in,” said an alumna we interviewed. “He understands who gets it and who doesn’t.” For more information about UVA Darden and 15 other top-ranked business schools, check out the mbaMission Insider’s Guides. |
04 Jun 2015, 12:01
| FROM mbaMission Blog: Beyond the MBA Classroom: Closing Bell at the Yale SOM |
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When you select an MBA program, you are not just choosing your learning environment but are also committing to becoming part of a community. Each Thursday, we offer a window into life “beyond the MBA classroom” at a top business school. The Yale University School of Management’s (SOM’s) weekly happy hour, Closing Bell, takes place on Thursday nights. SOM students have no classes on Fridays, so Closing Bell kicks off the weekend. This event is attended by students and their partners as well as by members of the school’s faculty and staff. According to one second year mbaMission interviewed, “It’s a great chance to catch up with friends after a busy week and to make plans for the evening, which often includes a trip to GPSCY [the Graduate & Professional Student Center at Yale, aka Gryphon’s Pub] or other popular watering holes like Mory’s, Richter’s or Anchor, or quieter dinners and gatherings.” For in-depth descriptions of social and community activities at the Yale SOM and 15 other top MBA programs, check out the mbaMission Insider’s Guides. |
04 Jun 2015, 18:00
| FROM mbaMission Blog: Diamonds in the Rough: Public and Nonprofit MBA at Boston University |
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MBA applicants can get carried away with rankings. In this series, we profile amazing programs at business schools that are typically ranked outside the top 15. Since 1973, the Boston University (BU) Questrom School of Business (formerly the School of Management) has offered a Public & Nonprofit MBA (PNP), specifically designed to cultivate business management skills that can make a real difference in the world. Standing at 41st in the 2013 The Economist U.S. program rankings, Questrom exposes PNP students to a robust general management core curriculum in addition to specialized courses and resources targeting the governmental, public, and private nonprofit sectors. The PNP program also maintains partnerships with high-profile nonprofit organizations, such as City Year and Education Pioneers, through which scholarship opportunities, enrollment deferral, and application fee waivers are available to students interested in gaining work experience with these affiliations. |
05 Jun 2015, 09:00
| FROM mbaMission Blog: MBA News: HBS Grad Gives Harvard Engineering School a Record Donation |
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Alumni donations to their alma maters are nothing new—yet, this one might surprise some. The New York Times reported on Wednesday that John A. Paulson, who graduated from Harvard Business School (HBS) in 1980, has donated a whopping $400M to the university—the largest gift in its history—but not to the business school. Instead, the endowment will go toward the School of Engineering and Applied Sciences, which will thus be renamed the Harvard John A. Paulson School of Engineering and Applied Sciences. Harvard’s president, Drew Gilpin Faust, said in a statement that Paulson’s donation “will change Harvard and enhance our impact on the world beyond.” Harvard announced an ambitious $6.5B fundraising campaign in 2013, and Paulson’s gift will undoubtedly take the university closer to its goal than expected at this point. Of course, last year’s $350M donation from the Morningside Foundation to the School of Public Health helped the cause notably, as well. Paulson, the founder of the hedge fund Paulson & Company, said in a statement concerning the gift: “For 379 years, Harvard has had a profound global impact across a multitude of disciplines that benefits all of humanity,” and he called the School of Engineering and Applied Sciences “the next frontier for Harvard.” The school that will soon carry his name has announced plans to expand to Allston, Massachusetts, close to the main campus in Cambridge. |
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Hi Generic [Bot],
Here are updates for you:
ANNOUNCEMENTS
 Wednesday, Apr 24, 2024 11:30am NY / 3:30pm London / 9pm Mumbai Watch earlier episodes of DI series below EP1: 6 Hardest Two-Part Analysis Questions EP2: 5 Hardest Graphical Interpretation Questions  ➡️ Sayali narrates her experience of succeeding on the GMAT after 4 attempts & 2 years of preparations with 32 percentile improvement on GMAT verbal.
Tuck at Dartmouth
AGSM at UNIVERSITY OF CALIFORNIA RIVERSIDE
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