Last visit was: 25 Apr 2024, 00:02 It is currently 25 Apr 2024, 00:02

Close
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Close
Request Expert Reply
Confirm Cancel
User avatar
SVP
SVP
Joined: 23 Mar 2014
Posts: 1732
Own Kudos [?]: 352 [4]
Given Kudos: 0
Send PM
User avatar
SVP
SVP
Joined: 23 Mar 2014
Posts: 1732
Own Kudos [?]: 352 [1]
Given Kudos: 0
Send PM
User avatar
SVP
SVP
Joined: 23 Mar 2014
Posts: 1732
Own Kudos [?]: 352 [0]
Given Kudos: 0
Send PM
User avatar
SVP
SVP
Joined: 23 Mar 2014
Posts: 1732
Own Kudos [?]: 352 [0]
Given Kudos: 0
Send PM
Re: Wharton MBA Admissions & Related Blogs [#permalink]

By Adam Hoff, Amerasia Consulting Group


Source: www.amerasiaconsulting.com/blog/reasons-why-you-just-got-dinged-from-business-school
These days, in addition to helping our clients get ready for interviews we also meet a lot of new folks who didn't use admissions consulting services to apply - but now are wondering if perhaps they should have.  Most often, they are asking for "ding analysis," which is basically "please tell me if I did something wrong and whether I can fix it for next time."  We are happy to oblige, of course, and so we see a lot (we mean A LOT) of rejected applications, to a lot of schools.  In giving feedback time and again, we naturally are starting to see some of the same issues cropping up.  The good news is that these issues are in keeping with the feedback we give from the outset of an engagement, but the bad news is that obviously some people aren't getting that advice.  (Note: I understand how pedantic and self-serving this all sounds, but it's simply true.  Our clients avoid the "triangle" of ding reasons by virtue of working with us, and, therefore, they are getting droves of interview invites and admit letters to top schools.  Yes, it's self-serving, but that doesn't make it false.  Not sure what else to say.)  Anyway, let's dive into the three reasons - or the "Triangle" - of typical ding issues that we see.

(Note: We ran a version of this back in the spring and it seems well worth running it again now that it's "ding season.")
Other than "bad luck" or "well, this school is one of the hardest in the world to get into" or "you never should have applied to this school," these are the three most common reasons that people get dinged.  Put differently, they are the three reasons you could have avoided:

1. Failure to have properly articulated goals.  It's amazing to me how often I open up a set of essays and start looking for goals ... and find that I have to keep looking ... and looking ... and looking.  Applicants love to bury their goals in broad proclamations, quotes, misdirection, sentimental nonsense, and all other manner of articulation that has the net effect of making it extremely hard to figure out what they want to do.  I believe that part of the problem is that people misunderstand the purpose of career goals and how to properly think about both the short-term and long-term elements.
  • The short-term goals should be A) achievable, B) a good fit based on your transferable skills (which MUST be articulated in your essays), C) clearly stated, and D) achievable.  Did I list "achievable" twice?  You bet I did.  This is because schools want to admit applicants that they can place into jobs.  Period.  You have exceptions like HBS, GSB, and MIT - all schools that don't really care much about ST goals.  However, for the most part, schools want to know they can help you gain employment - for your sake and theirs (employment reports are a big part of rankings).  I can't tell you how many people I have spoken to on consult calls or essays I have read where a strange ST goal is in place, with the explanation, "I wanted to differentiate myself a bit."  I also hear applicants (sometimes smugly) tell me that schools "don't want to see yet another person who wants to do consulting."  Um, yes, actually they do.  Because they can get students jobs in consulting!  Don't put that you want a short-term job working for Prada or doing freshwater turbine investing - those aren't jobs they can help you get.  Be smart about this.
  • The long-term goals are for sharing who you are.  This is where you can differentiate and showcase passion and tell them where you come from and all that good stuff.  You SHOULD have fun with this and be creative and reach for the stars.  So what if every other applicant and their brother is saying they want to start their own business; if starting your own business is the best way to share your dream and articulate what makes you tick, share that goal.  So, so, soooooo many people invert the ST and LT goals - they go exotic with the ST and staid with the LT.  This is the opposite of what you should do, it's probably the opposite of the truth, and it's usually fatal.

Of course, this doesn't even include the people who straight up forget to include their goals in a goals essay.  And yes, this happens all the time.  I just assume if you are reading this blog post, you won't make that mistake.

(Last thing: vague statements of what you want to do with your life - like "impact the world" or "make a difference" - are not goals.  Just so we're clear on that.)

2. Failure to be an individual.  Many dinged elite applicants that I see suffer from the same problem, which is that they never showcased what makes them a cool, unique person.  I'm not talking about having a "brand" or billing yourself as the "such and such candidate" - readers are not idiots, so they aren't going to be swept off their feet for something that rudimentary.  I'm talking about setting aside your desire to sound smart or to cover every last detail or to (the worst) "write what they want to hear," and instead being a real person with real interests and a real personality.  So many dinged applications are dry, rigid, and only technically sound - there is a skeleton but no heartbeat.  (Note: the cousin of this failure is less common, but also a problem, which is the "I am going to try to sound interesting" applicant - where they use weird phrasing or lofty prose to create "interesting" material.  Please understand that the material is anything but interesting.  It's excruciating.  You can have clean paragraphs, topic sentences, and easy-to-follow prose and still be interesting - it's what you say, not the flourish with which you say it.)

3. Failure to understand and connect with the DNA of the individual school.  And now we get to the big one.  A certain specialty of ours has become working with elite candidates who "somehow" got dinged at every single school the year before.  This is a group of Type A people who have worked hard and strived to make it this far and so they typically do okay on the first two bullets (although not always and almost never to perfection - there's a reason we have a firm that grows every single year; this stuff is not easy).  It's the third bullet that kills them.  I will ask a 3.7, 720 PE guy to send me his four dinged files and I'll open them up to find that Wharton and Kellogg have the same leadership stories inside and that HBS and GSB feature the exact same tone and approach.  Dings, for sure - or at least at two of the four.  (If it's not clear why that's the case, I would say again, that's why we have a business.)  I see people who *should* get into Booth, for instance, but they didn't share their capacity for risk.  That tells Booth, "I'm probably going somewhere else" at worst and "I don't understand your culture and therefore am giving you no idea whether I am a fit there or not" at best.  I see people who do not showcase readiness at INSEAD, who put risky career goals in a Columbia essay, who fail to touch on the four principles at Haas, who don't write about global focus at Wharton, who ignore the "think, feel, say, do" element with MIT, and on and on and on.  And these are just the easy parts.  A good application - a set of essays that will transform a reader from a mere gatekeeper into your advocate - knows the DNA of the school in question, taps into it, and then uses it to say "I am one of you!" to the reader.  A failure to do this invites massive risk, even for the best candidates, as you go into admissions committee "naked," which is to say, without someone fighting for you.  At that point, anything can happen - bad demographics, a test score 10 points too low, a C in a class, a low quant split, bad luck, you name it.  And even though it seems cruel and unfair, the same candidate can experience bad luck 3, 4, or 5 times in the same round.

Time after time, I review a file and explain "this is what is wrong with the goals," "you could have been more interesting and personal throughout," and - most of all - "you just didn't tap into the DNA of these schools."  It almost never fails.  This is why I've taken to calling it the Ding Triangle.  Almost every ding features each of these three sides to it, forming together to generate that result.  I'm happy to say that all three can be address and improved upon in almost every case and that we've had great success in doing so.  Therefore, if you have been dinged, don't give up hope, but instead, be honest with yourself - or, better yet, find someone who can give you an honest appraisal in these areas.  Then, get back after it.

 

If you are a dinged applicant, we are happy to see where you went wrong and to help you improve.  Reapplicants have been a true specialty given the sheer number we work with every year - and the success that they have had.  If you are starting fresh, be sure to engage someone who knows what they are doing so you can avoid a Ding Triangle of your own.  Email us at mba@amerasiaconsulting.com
User avatar
SVP
SVP
Joined: 23 Mar 2014
Posts: 1732
Own Kudos [?]: 352 [0]
Given Kudos: 0
Send PM
Re: Wharton MBA Admissions & Related Blogs [#permalink]

By Adam Hoff, Amerasia Consulting Group
Today's blog post is about negotiating your offer of admission ... except that it's not.  Because "negotiation" is not what you do when it comes to securing more financial aid from a business school.  The term of art for what you are going to be doing is "asking."  Let us explain. Obviously, any discussion of an offer in this context automatically means we're dealing with some good news: you've been accepted.  So congrats on that!  However, with the news that a b-school wants you to enroll comes the sobering reality that they also want you to *pay* for that privilege.  Sure, offers often come with dollar signs attached, but the amount left in the "you" column is almost always going to be the bigger number.  And that fact tends to bring up the following question: "How can I negotiate my offer?"

Again, let's rephrase the question entirely.  Don't think of this as a negotiation, but rather a request: "How can I request more aid?"  That is a much better frame of reference, especially in light of the the advice that follows.  Here's how we typically approach this process:

1. Be respectful. There are a lot of ways you might be able to get a little more scholarship money from a business school, but we know of one sure way that you WON'T get money and that's if you try to "hardball" them.  We have witnessed countless admits go from months of wishing and hoping to sudden arrogance and a "you better wine and dine me" attitude.  Ditch it.  Immediately.  If you call an admissions office and try to leverage another offer or you give them the "so what can you do to sweeten the deal?" treatment, you will inevitably find yourself on the line with a tired and supremely annoyed member of that school's staff.  Go in polite, grateful, and professional.  Always.  This is not an M&A deal and you are not "negotiating" with anyone.  You are "asking" a business school to grant you more free funding.  Big difference and on that is not lost on the schools themselves, we assure you.

2. Instead, go for the heartstrings. Okay, you have your hat in hand and you are determined to avoid acting entitled.  Now what?  Not to be too blunt about it, but in our experience, a good old sob story seems to work best.  So if you have authentic hurdles - and most of us do - to paying over $100Kfor your MBA, share them.  You don't have to impress anyone at this point with your huge salary or countless offers from heavy hitters; they've already decided they want you to attend their school.  And they are far more likely to try to work something out if they find you nice, respectful, and, yes, a bit needy.  A long-term career goal that eschews riches is probably best, but there are a lot of ways you can be honest about your situation and paint a very realistic picture as to how an extra $20K could make all the difference for you.

3. Never lie! If you don't have the "heartstrings" story, then don't go there.  Of even greater importance is that you don't make up offers or dollar amounts from other programs.  It damages the integrity of the financial aid process (which is designed to get money to those who deserve it and who need it most) and the school may ask to see proof in making a decision on revising your award.

4. Wait a beat. One of the keys to even getting yourself in the running for more aid is to wait a little bit so the dust can settle.  Sure, on the one hand, the money could be gone and the class full and the school might have no incentive to sweeten the offer.  I've heard people worry that if they wait, this scenario could result.  And they are right - it totally could.  But here's the dirty secret ... they alwaysspend all the money!  When decisions go out, they throw out all the scholarship awards with them, hoping to entice and bring in the necessary yield.  It is only when people start turning down offers - and scholarship awards - that the directors and staff start to see where there might be A) enrollment needs and B) financial aid surplus.  In other words, if Booth gave you a $20K scholarship last week, don't call *this* week hoping for more.  They won't have any more - at least not on paper.  That spreadsheet is going to show every dollar spent.  Wait for people to turn them down and for some of that paper money to flow back into the Booth coffers.  Doing so will give you a better chance at there even being something to ask for, let alone get.  Plus, while this isn't necessarily likely, if you wait, you might also catch a school getting shorted a bit on enrollment, in which case they will be far more likely to help you meet your needs.  (Think of what is better for a program - going to the waitlist and thereby increasing their "admitted student" number in the process, or getting a 1-for-1 right off the existing list by spending a bit more money.  It's a no-brainer.)

5. Follow up. If you talk to someone and they say they will get into it (most likely scenario other than "sorry" is "let me get back to you" ... "here's more money!" is a distant third), don't be afraid to follow up.  The squeaky wheel can get the grease given that an admissions office is like a battlefield this time of year - it's not crazy that your request might land on someone's desk for a full week.  In that time, hundreds of thousands of dollars might funnel back and forth on paper, leaving you in the cold.  So wait a day or two and then call back to ask - respectfully, of course - if there has been any progress and if there is anything else you can or should do.  As long as you are really nice and polite about it, no one is going to fault you for being angst-ridden about your financial future.  And we should add here - since people seem to worry about it - you are not going to lose your offer by calling about this stuff.

We hope that these hints help you navigate that latest stress in this process.  Remember that you catch more flies with honey, honesty in the best policy, and patience is a virtue.  Armed with a few cliches, you'll do great.

If you are in the midst of this process, congrats and good luck!   If you are just starting out on your admissions journey, email us at mba@amerasiaconsulting.com for a free consultation.
User avatar
SVP
SVP
Joined: 23 Mar 2014
Posts: 1732
Own Kudos [?]: 352 [1]
Given Kudos: 0
Send PM
Re: Wharton MBA Admissions & Related Blogs [#permalink]
1
Kudos


Do you wonder just exactly what the top business schools look for when deciding whom to admit to their MBA programs? Well, after more than 15 years of helping our clients receive highly coveted admissions letters to the Wharton School at the University of Pennsylvania, I’ve pulled together some key characteristics that, together, paint a unique picture of what Wharton is looking for in MBA students.

Keep in mind though, knowing what a particular business school is looking for isn’t an opportunity to re-make yourself into what you think their “ideal” student would be. Rather, it’s a chance to find a learning community that values your strengths and where you can make a positive contribution with the unique skills, experiences, and perspectives you bring to the table.

To discover which four characteristics Wharton looks for in MBA candidates, I invite you to follow the link to read my latest article published on Business Insider.
You may also be interested in:
Wharton MBA Interview Tips
Wharton School Fall 2016 MBA Essay Tips
Image credit: Jack Duval (CC BY 2.0)

***

If you are looking for guidance on your MBA application, Stacy Blackman Consulting can help with hourly and comprehensive consulting services. Contact us to learn more. Visit the website for Stacy Blackman Reviews, and check out the company’s e-publications for more in depth school-by-school guidance.
User avatar
SVP
SVP
Joined: 23 Mar 2014
Posts: 1732
Own Kudos [?]: 352 [0]
Given Kudos: 0
Send PM
Re: Wharton MBA Admissions & Related Blogs [#permalink]


Are you targeting the University of Pennsylvania’s Wharton School? Whether you’re looking forward to an interview in Round 2 or 3, or perhaps have your sights set a bit farther out for next application season, you’ll want to take a look at these three tips I recently shared with Business Insider on how to ace your Wharton interview.
  • Prepare for the Team-Based Discussion: observers want to see candidates contributing without dominating the discussion; the idea is to see how you might engage in a productive conversation with a group of future classmates. To make a positive impression, be sure to share your point of view, but also listen thoughtfully; respect differing points of view; and bring others into the conversation.
  •  Emphasis your experience as an innovator: To emphasize this aspect of your personality or experience, think of ways you’ve acted as a “change agent” in your workplace or community. Wharton wants students who are dynamic and energized about looking to change industries, economies, and even their countries.
  •  Show you’re globally savvy: Showing global awareness isn’t necessarily about the number of stamps on your passport. Rather, it’s about showing that you thrive in new and unfamiliar environments, and can successfully navigate the challenges of competing in a global marketplace.

Click over to the full story on Business Insider and you’ll learn how to show the admissions team at Wharton that you’re prepared to work well with a team, emphasize innovation in your approach, and share your global perspective. You may just find yourself on the positive side of Wharton’s competitive interview and application process.
You may also be interested in:
Wharton Fall 2016 MBA Essay Tips
Survey Says Wharton Beats HBS in Most Satisfied MBAs


***

If you are looking for guidance on your MBA application, Stacy Blackman Consulting can help with hourly and comprehensive consulting services. Contact us to learn more. Visit the website for Stacy Blackman Reviews, and check out the company’s e-publications for more in depth school-by-school guidance.
User avatar
SVP
SVP
Joined: 23 Mar 2014
Posts: 1732
Own Kudos [?]: 352 [0]
Given Kudos: 0
Send PM
Re: Wharton MBA Admissions & Related Blogs [#permalink]
The University of Pennsylvania’s  Wharton School has received a $10 million commitment from alumna Anne Welsh McNulty that will drive the global reach of the current Wharton Leadership Program and build on its 20-plus years of innovation and impact in leadership development.



Anne McNulty, image courtesy of The Wharton School

In recognition of this transformative gift, the Wharton Leadership Program will be renamed the Anne and John McNulty Leadership Program at the Wharton School, memorializing John’s legacy of  impact and both John and Anne’s passion for preparing individuals to lead in their fields and communities.

The program will continue to provide a holistic approach to coursework, coaching, mentoring, and experiential learning for students of all ages. It will also provide them with the necessary tools to adapt their leadership styles through action, reflection, and experience, and to become global leaders of diverse workforces.

“I believe in the transformative power of developing each individual’s leadership capacity. Wharton’s Leadership Program is uniquely poised to make a real impact that will multiply from its students to businesses and communities and beyond,” says McNulty.

“Wharton was a turning point in our lives,” Anne says, reflecting on her and John’s experience at the school. “It challenged us to think differently and taught us to be more thoughtful and more ambitious. Our time at Wharton motivated us to be active leaders, not only in running businesses, but also in our communities. It is a pleasure for me to support future students so that they may have a similar experience, so that they may reach their potential, and so that they may change the world through the lessons they learn at Wharton.”

Learn more about John and Anne McNulty, and how this new investment will accelerate Wharton’s leadership development initiatives, here.


***

If you are looking for guidance on your MBA application, Stacy Blackman Consulting can help with hourly and comprehensive consulting services. Contact us to learn more. Visit the website for Stacy Blackman Reviews, and check out the company’s e-publications for more in depth school-by-school guidance.
User avatar
SVP
SVP
Joined: 23 Mar 2014
Posts: 1732
Own Kudos [?]: 352 [0]
Given Kudos: 0
Send PM
Re: Wharton MBA Admissions & Related Blogs [#permalink]


Leading IT services and solutions provider Mphasis and Knowledge@Wharton, the online business analysis journal of The Wharton School, have released a free eBook, Becoming Digital: Strategies for Business and Personal Transformation.

Experts from Wharton and top executives from Fortune 500 companies show readers the way to personal and business digital transformation. In this eBook, you’ll learn how to create a “mind map” so you can steer your company from analog to digital while staying anchored amid the fast-changing pace of digital technologies.

C-level executives from a variety of industries also discuss how they tackled digital transformation within their firms and what lessons they learned through the process. In addition, readers will glean insights on how to harness both data analytics and their gut feeling to spot emerging technologies before everyone else.

Mphasis CEO and Executive Director Ganesh Ayyar pens the eBook’s foreword, providing an unusually candid insight into his own transformation as he led a $1 billion technology services firm into the new digital era.

Ayyar explains, “I started my digital journey – knowing that I might fall and fail at times – with a bit of candor about my shortcomings. In acknowledging my flaws to my team, I could truly start afresh with my digital transformation. I began looking forward to discussions with my reverse mentors, and started espousing and embracing new ideas. I even played what I prefer to call the angel’s advocate for every team experiment.”

But it’s precisely this willingness to experiment – even risking failure – that is necessary to succeeding in digital. Business leaders who adopt a philosophy of experimentation send a signal throughout the company that people should not fear failure because it is part of the transformative process, according to Jerry “Yoram” Wind, director of Wharton’s SEI Center for Advanced Studies in Management and a marketing professor at the business school.

Breakthroughs come in experimentation when people get over their natural inclination to be risk-averse. “That is why it is important to celebrate lessons learned from failures, as well as successes,” Wind says.

Wharton professors provide these and other original insights, as well as research, on digital transformation, with discussions revolving around the eBook’s three main themes: Transformation of the leader’s mindset, balancing the analog and digital parts of business and gaining the ability to spot future technological trends.

Here are some excerpts from the eBook’s one-on-one profiles:
  • “We have to constantly keep ahead and think about what the next big thing is,” Chieh Huang, Chief Executive Officer at tech start-up Boxed
  • “Thirty years ago, in the mainframe era, we were masters of the universe. We set the pace of how fast technology moved and we were owners of the tech world. Then the Internet and the PC era came around,” Dana Deasy, Chief Information Officer, JPMorgan Chase
  • “It’s our responsibility to help the business reinvent itself. It’s very important that we [in IT] should not believe that it is only our responsibility, because if we do, we will fail. It is the entire business’s responsibility to think about how to continue to reinvent itself,” Dale Danilewitz, Chief Information Officer, AmerisourceBergen
  • “Publishing is in a tumultuous period of rapid change. What we’ve done in the past couple of years – and this is a huge part of our digital transformation – is become much smarter about the end consumer, not at all to disintermediate the bookseller but rather to be able to market to readers more effectively on the bookseller’s behalf,” Angela Tribelli, Chief Marketing Officer, HarperCollins
  • “We’re really focused on providing an excellent digital experience, whether that’s online, mobile or some combination, in order to support what our clients are trying to do,” Hugh Westermeyer, Deputy CIO at First Republic Bank

The eBook is available for free download in more than 200 countries through Amazon Kindle, Apple iBooks, Barnes & Noble Nook, Ganxy, Google Play, and Kobo. The eBook can be read on any of the retailers’ e-readers or by downloading a retailer’s eBook app to your computer desktop, tablet, or phone.

For more information, visit Becoming Digital: Strategies for Business and Personal Transformation here and at https://www.knowledgeatwharton.com/books/library/becoming-digital.
Image credit: ebayink(CC BY-NC-ND 2.0)

***

If you are looking for guidance on your MBA application, Stacy Blackman Consulting can help with hourly and comprehensive consulting services. Contact us to learn more. Visit the website for Stacy Blackman Reviews, and check out the company’s e-publications for more in depth school-by-school guidance.
User avatar
SVP
SVP
Joined: 23 Mar 2014
Posts: 1732
Own Kudos [?]: 352 [0]
Given Kudos: 0
Send PM
Re: Wharton MBA Admissions & Related Blogs [#permalink]


The University of Pennsylvania’s Wharton School has announced the “Great Eight” finalists who will compete for over $125,000 in prizes at the Wharton Business Plan Competition Venture Finals coming up on Thursday, April 28, 2016.

The Wharton Business Plan Competition “Great Eight” finalists are:
  • Barn Owl Systems For livestock ranchers who spend significant time and money monitoring resources over large areas, Barn Owl provides drone hardware and software for autonomous data gathering.
  • BioCellection Inc. BioCellection upcycles unrecyclable plastic waste into valuable compound rhamnolipid for textiles using genetically engineered bacteria. This invention has the potential to clean plastic pollution around the world, disrupt the textiles industry, and grow into a $100MM business in 5 years.
  • brEDcrumb brEDcrumb is the only college admission consulting platform that provides free, one-on-one, college mentoring online. The startup connects underserved high schoolers with undergraduates or recent graduates who have shared backgrounds.
  • Daylight OB, LLC Daylight OB, LLC is a medical device company developing technologies to improve health and safety in labor & delivery units. The firm’s first product, now in development, is a disposable obstetrics device, called Daylight, used to elevate a baby’s head to enable a safer, faster, and easier urgent cesarean section delivery.
  • Our Frontier Crowd Our Frontier Crowd is the premiere residential real estate platform dedicated to investment opportunities in Africa. The startup’s technology harnesses the insights of the crowd to connect African real estate developers and potential home buyers with foreign investors.
  • Qorum, Inc. Qorum is a mobile app providing discerning millennials a curated list of quality bars. After enjoying their final beverage, users hail a free ride home through the app.
  • QTEK The QTEK team offers Surfion, a durable, safe, and effective chemical additive that could make any surface antibacterial and antifungal. Surfion will not wash off or wear away; it will provide continuous self-decontamination protection over the lifetime of myriad products.
  • WeTrain WeTrain is a proud Veteran-owned, fitness-technology company building the “Uber of Personal Training.” Every day, 700,000 training sessions are conducted in the US. Using a specially designed application, members request trainers for affordable sessions ($17/half hour or $25/full hour) while trainers receive 30% more compensation than typical gyms.
The competition is open to any University of Pennsylvania student and is managed by Wharton Entrepreneurship. The eight finalist teams face off at the Venture Finals with 20-minute presentations to judges drawn from the business and venture capital community, who will then evaluate the persuasiveness and viability of each venture.

Venture Finals BPC judges are:
  • David Cohen (PAR’14/PAR’16/PAR’17), CEO, Chief Investment Officer and Co-founder, Karlin Asset Management, Inc.
  • Carol Curley (WG’81), Managing Director, Golden Seeds
  • Marc Lore (Wharton alum), Founder and CEO, Jet.com
  • Richard Perlman (W’68), Founder & Executive Chairman, ExamWorks Group, Inc.
  • Stephen Tang (WG’92), President and CEO, University City Science Center
  • Tracey Weber (WG’95), Strategic Advisor, Gilt and Hudson’s Bay Company

Previous participants in the Competition include ventures such as eyeglass phenom Warby Parker, dominant Brazilian baby e-commerce site Baby.com.br, and drug R&D company Integral Molecular.

Students will receive up to $128,500 in cash prizes and in-kind awards including the $30,000 Perlman Grand Prize, which is made possible by the generosity of Ellen Hanson Perlman and Richard E. Perlman (W’68). The event annually attracts over 200 entrepreneurs, venture capitalists, investment bankers, alumni, faculty and students.
image credit: Wharton School

***

If you are looking for guidance on your MBA application, Stacy Blackman Consulting can help with hourly and comprehensive consulting services. Contact us to learn more. Visit the website for Stacy Blackman Reviews, and check out the company’s e-publications for more in depth school-by-school guidance.
User avatar
SVP
SVP
Joined: 23 Mar 2014
Posts: 1732
Own Kudos [?]: 352 [0]
Given Kudos: 0
Send PM
Re: Wharton MBA Admissions & Related Blogs [#permalink]


Just what is Big Data? And how is it used to make real business decisions? Anyone interested in the burgeoning field of business analytics should check out this story in the Wall Street Journal on how the Wharton School at University of Pennsylvania is expanding its offerings in this area and will now offer an MBA major in the subject.

The move comes as fewer students head to b-school with a career in finance in mind after graduation. According to the WSJ, 306 students in Wharton’s 2008 MBA class entered the financial-services industry right after graduation; last year, the school reports that number was 219.

While many professionals understand the technical side of business analytics, they don’t know precisely how to frame their business strategy. Companies need people who can also understand the business side and offer data-based solutions.

Wharton Professor Adam Grant tells WSJ that the strengthened focus on analytics will train students in rigorous thinking and decision-making based on large data sets, rather than the isolated scenarios students encounter in a case study.

“We want to create a hub where evidence-based management is the norm rather than the exception,” says Grant.

But Wharton isn’t the only elite business school upping its Big Data game. NYU Stern School of Business and USC Marshall School of Business also offer specialist masters courses in business analytics.

In March, MIT Sloan School of Management announced the launch of a new, specialized Master of Business Analytics program designed to prepare students for careers in business analytics. The inaugural class will enter MIT Sloan in fall 2016.

“The professional opportunities for our graduates will be extensive,” says MIT Sloan Professor Dimitris Bertsimas, the co-director of the MIT Operations Research Center. “Companies from IBM to Dell to Amazon to Google are collectively investing billions of dollars in data collection to build models that help them make better, more informed decisions. This is a transformational moment in business and management science.”

Wharton administrators, meanwhile, have said the school has no plans to create a separate degree program, and aims instead to further integrate analytics content into its full-time MBA program.

***

If you are looking for guidance on your MBA application, Stacy Blackman Consulting can help with hourly and comprehensive consulting services. Contact us to learn more. Visit the website for Stacy Blackman Reviews, and check out the company’s e-publications for more in depth school-by-school guidance.
User avatar
SVP
SVP
Joined: 23 Mar 2014
Posts: 1732
Own Kudos [?]: 352 [0]
Given Kudos: 0
Send PM
Re: Wharton MBA Admissions & Related Blogs [#permalink]


The University of Pennsylvania’s Wharton School has posted the MBA application deadlines and required essay prompts for the 2016-2017 admissions season. They are as follows:
Deadlines
Round 1
Application due: September 27, 2016
Decision released: TBA

Round 2
Application due: January 5, 2017
Decision released: TBA

Round 3
Application due: March 28, 2017
Decision released: TBA
Essay Questions
Essay 1:  What do you hope to gain professionally from the Wharton MBA? (500 words)

Essay 2: Teamwork is at the core of the Wharton MBA experience with each student contributing unique elements to our collaborative culture. How will you contribute to the Wharton community? (400 words)

According to Maryellen Reilly, Deputy Vice Dean of MBA Admissions, Financial Aid & Career Management, “By asking these two questions, effectively breaking apart and expanding on last year’s essay question, our hope is to give applicants ample space to more fully explain their aspirations, goals, and how Wharton fits into those.

We want to be able to view applicants from both sides of their world – one where they are professionals developing skills and seeking career advancement, but also the personal growth side where they are seeking out enriching experiences to become better, stronger, wiser, and a more robust person.

Take these two questions as an important opportunity to express who you are and what and who you want to be.  It is important for us to know the real you and be able to envision you as part of the Wharton community.”

For more information on applying to the full-time MBA program, please visit the Wharton School admissions website.

***

If you are looking for guidance on your MBA application, Stacy Blackman Consulting can help with hourly and comprehensive consulting services. Contact us to learn more. Visit the website for Stacy Blackman Reviews, and check out the company’s e-publications for more in depth school-by-school guidance.
User avatar
SVP
SVP
Joined: 23 Mar 2014
Posts: 1732
Own Kudos [?]: 352 [0]
Given Kudos: 0
Send PM
Re: Wharton MBA Admissions & Related Blogs [#permalink]
The Wharton School of the University of Pennsylvania released the essay questions for the class of 2019 with the inclusion of a second required essay. This additional essay focuses on teamwork and complements the main essay question that asks candidates to reflect upon their fit with Wharton both personally and professionally.

As you consider how to approach this set of essays make sure you are conducting thorough school research. Getting to know the Wharton community through campus visits, online research and the many admissions events around the globe will help you understand the personality of the school and the alumni network to write an effective set of essays.

Essay 1: (Required) What do you hope to gain professionally from the Wharton MBA? (500 words)

This is both a standard career goals question and an inquiry into your personality and potential success in the program.

Be careful to answer the specific question in this career goals essay. Notice that you are not asked about your professional background or your key accomplishments. To answer the question asked, you will want to focus mainly on the future and what you are planning to pursue with your MBA degree.

At the same time, there is certainly room to add color by using your background information where it is most relevant to your goals. Think about the key moments of your professional life that crystallized your goals for you, and focus on illuminating those decision points rather than reciting your entire resume.

Understanding exactly how you fit in will help you describe what Wharton will do for you, as well as navigate interviews and other interactions with the Wharton admissions committee. Consider including specific information from your Wharton research in this essay such as Wharton faculty you would like to study with or unique educational opportunities at Wharton.

When you address your personal goals for the MBA make sure you are making the case for Wharton specifically. Consider what living in Philadelphia might be like, the many clubs and student activities, and leadership development opportunities like traveling to Antarctica with your classmates that may address some of your personal life goals.

Essay 2: (Required) Teamwork is at the core of the Wharton MBA experience with each student contributing unique elements to our collaborative culture. How will you contribute to the Wharton community? (400 words)

Wharton is an intense environment, but also one that takes pride in collaboration and community. This question seeks to understand how you work with others and what your leadership style is. Collaboration and teamwork are important key concepts to illustrate in this essay.

Your contribution to Wharton could be in the classroom, clubs or within small group projects. You might bring your experiences launching a new product to your marketing case studies. Maybe you will lend creative ideas to your learning team as you prepare a research project.

Perhaps you will tutor your learning team mate in accounting principles because he has never done accounting at work. Or you might contribute to the Media and Entertainment Club by leading a career trek or bringing a new speaker to campus. Think about what you have learned in your career and in prior academics that may help those around you.

This essay does not explicitly require examples of teamwork or leadership from your past experiences, but it will be a stronger essay if you provide evidence. Think about a time you demonstrated your collaborative approach to team problem solving, and consider how you can prove what you contributed to your community in your workplace or extracurricular activities.

Essay 3: (Optional) Please use the space below to highlight any additional information that you would like the Admissions Committee to know about your candidacy. (400 words)

If you think that your application materials and the required essays are enough to provide a complete picture of your candidacy you may want to forgo this essay. There is no need to submit additional material just to submit something – consider whether the admissions committee will appreciate the information or think you are wasting their time.

If you do choose to answer this question note that the essay can be used for any topic that you would like. If there is something about your personal background you did not cover in the required essays and it is relevant and useful for your application, this is the place to cover it.

Perhaps you didn’t have room in the required essays to describe an important accomplishment or to tell a story about your life that is relevant to your pursuit of an MBA. Anything that you think will be an asset to your application is fair game as a topic for this essay.

All reapplicants to Wharton are required to complete this essay. Explain how you have reflected on the previous decision about your application, and discuss any updates to your candidacy (e.g., changes in your professional life, additional coursework, extracurricular/volunteer engagements). (250 words)

All applicants, including reapplicants can also use this section to address any extenuating circumstances. (250 words)

All reapplicants are required to provide information that supports your renewed candidacy. The most successful version of the reapplicant essay will provide tangible evidence that you have improved the overall package you are submitting this year.

Improvements like GMAT score or new quantitative classes are especially tangible and convincing, but a promotion, increase in responsibility at work, a job change or even a change of goals and mission can serve as reasonable updates.

A rejection or waitlist last year is a form of feedback, and may have led to soul searching for you. When you describe your changes make sure reflect your ability to take feedback and improve. Describe how you approached the reapplication process after assessing your own strengths and weaknesses as a candidate and making the appropriate efforts to improve.

If you are not a reapplicant this essay is a potential space to address any areas of concern in your application. If you have a low GPA or GMAT, gaps in your resume, disciplinary action in undergrad or anything else that you want to explain, this is where you would provide a brief explanation and any supporting evidence to show you have moved past the setback.

***

If you are looking for guidance on your MBA application, Stacy Blackman Consulting can help with hourly and comprehensive consulting services. Contact us to learn more. Visit the website for Stacy Blackman Reviews, and check out the company’s e-publications for more in depth school-by-school guidance.
avatar
Intern
Intern
Joined: 30 Jun 2016
Posts: 1
Own Kudos [?]: [0]
Given Kudos: 0
Send PM
Re: Wharton MBA Admissions & Related Blogs [#permalink]
I noticed that the dean of admissions in her blog did not leave any comment at all regarding the last question...i really want some opinions on how optional is this. The reason i ask is that last year they included this question AND IN THE ONLINE they also had another optional which asked to detail any special circumstances....
the question is--- how optional is this????

Questions, Class of 2019:
1. (Required) What do you hope to gain professionally from the Wharton MBA? (500 words)

2. (Required) Teamwork is at the core of the Wharton MBA experience with each student contributing unique elements to our collaborative culture. How will you contribute to the Wharton community? (400 words)

3. (Optional) Please use the space below to highlight any additional information that you would like the Admissions Committee to know about your candidacy. (400 words)
User avatar
SVP
SVP
Joined: 23 Mar 2014
Posts: 1732
Own Kudos [?]: 352 [0]
Given Kudos: 0
Send PM
Re: Wharton MBA Admissions & Related Blogs [#permalink]


The University of Pennsylvania’s Wharton School has announced the launch of the Penn Wharton Budget Model. The nonpartisan, interactive budget model is a tool available at no cost to users and is available online and from the tap of a tablet or smartphone.

The Model, a tool developed through the Penn Wharton Public Policy Initiative, allows policymakers and the public to make more informed decisions and better understand the economic and fiscal implications of proposed policies.

Something as important as the federal budget – which impacts our ability as a country to create jobs and prosper – should be as accessible and transparent as the other important information we consume on a daily basis.

“At Wharton, we see an opportunity to make a difference at the intersection of business and policy – to help business, legislators and the public make crucial decisions based on rigorous data rather than ideological debate,” said Geoff Garrett, Dean of the Wharton School.

“With the accurate, accessible and transparent economic analysis of the Penn Wharton Budget Model, we’re harnessing the power of information for policy impact and using our analytics expertise to fuel data-driven decision making,” Garrett continued.

The first available modules of the Penn Wharton Budget Model allow users to test policies specific to immigration and Social Security. Additional modules in development include healthcare, criminal justice, education, retirement, housing and tax reform, which will follow.

Developed by a team of former Congressional Budget Office and Treasury Department economists and leading technologists, under the leadership of Wharton Boettner Professor and Professor of Business Economics and Public Policy Kent Smetters, the budget model uses macro assumptions that take into account constant changes over time, such as demographic and economic shifts, for more accurate long-range forecasting.

The model’s dial controls allow users to test a range of different forms of policies. For Social Security, the user can see the effects of 4,096 different policy combinations. For immigration policy, there are 125 policy combinations.

“Our goal in developing the Penn Wharton Budget Model is to provide a ‘sandbox’ to test the economic impact of different policy ideas,” said Smetters, who leads the Penn Wharton Budget Model team of more than a dozen researchers, analysts and economists. “Numerous policymakers have told us that they want reliable and speedy analysis, with transparent assumptions, while legislation is being drafted.”


***

If you are looking for guidance on your MBA application, Stacy Blackman Consulting can help with hourly and comprehensive consulting services. Contact us to learn more. Visit the website for Stacy Blackman Reviews, and check out the company’s e-publications for more in depth school-by-school guidance.
User avatar
SVP
SVP
Joined: 23 Mar 2014
Posts: 1732
Own Kudos [?]: 352 [0]
Given Kudos: 0
Send PM
Re: Wharton MBA Admissions & Related Blogs [#permalink]

The Wharton MBA adcom itself offers you some help in shaping your Wharton application – by clearly and succinctly defining the four core components of “the Wharton difference.” Understanding these components is a key to conveying your fit with the program.

These four components are encompassed in Wharton’s emphasis on “putting knowledge into action.” This value should guide your application approach: action is always specific, anecdotal. Therefore, make your resume, essays, and application answers specific, anecdotal, and action focused.

In this post I’ll discuss two of the four components that are tightly correlated, then I’ll do one post each for the remaining two. In all, I’ll keep on the radar screen the overarching value of “putting knowledge into action.”

Largest Global Network and Culture of Engagement are the two interconnected components. They go hand-in-hand:
• The vast global alumni network is an immense resource, and culture involves using, synthesizing and creating new resources.

• A network and a culture are both built by and serve people.

• On the Wharton website, the Global Network component uses the phrases “call on” and “tap into” while the Culture of Engagement component uses the words “join” and “collaborative” – all reflecting dynamism, connection, proactivity.

There is another fascinating, but perhaps less intuitive, point of alignment between these two components: impact.
• “Increase your impact through the resources of this diverse, connected community” (from Global Network).

• “…Turning knowledge into impact” (from Culture of Engagement).

What does all this add up to? PEOPLE TAKING ACTION CREATE IMPACT. That’s basic. What you want to demonstrate, and what Wharton seeks, is you being part of PEOPLE TAKING ACTION TOGETHER TO CREATE CONSTRUCTIVE, DESIRED IMPACTS.

Here’s how you can demonstrate fit with Wharton by incorporating these values into your application:
• Refer specifically in your application and your interview to how you will use the global alumni network to advance your goals and/or how you will engage with it (specific actions as opposed to the ubiquitous but bland “contribute to”).

• Give examples and anecdotes in essays that illustrate your resourcefulness and collaboration leading to concrete outcomes.

• In discussing how you will achieve your goals, include these elements, which also align with the action orientation.

• Ensure that your resume reflects these values, and start bullet points with verbs to underscore action.

•If your recommenders are open to your input, ask them to use examples and present strengths that reflect these attributes (and not just “ability to” but also achieving impacts).

• In your interview, frame your answers and points to reflect these elements and even refer specifically to them, if you can do so naturally.


By Cindy Tokumitsu, author and co-author of numerous ebooks, articles, and special reports, including Why MBA and Best MBA Programs: A Guide to Selecting the Right One. Cindy has advised hundreds of successful applicants in her fifteen years with Accepted.

Related Resources:
Wharton 2016-17 MBA Essay Tips & Deadlines
Wharton MBA Student, Single Mom, Entrepreneur [Episode 152]
A Free Guide to Answering the "Why MBA?" Question

This article originally appeared on blog.accepted.com.

Applying to a top b-school? The talented folks at Accepted have helped hundreds of applicants get accepted to their dream programs. Whether you are figuring out where apply, writing your application essays, or prepping for your interviews, we are just a call (or click) away.

Contact us, and get matched up with the consultant who will help you get accepted!
User avatar
SVP
SVP
Joined: 23 Mar 2014
Posts: 1732
Own Kudos [?]: 352 [0]
Given Kudos: 0
Send PM
Re: Wharton MBA Admissions & Related Blogs [#permalink]

My previous post on defining your fit with Wharton addressed two of the four components of “The Wharton Difference” (Largest Global Network and Culture of Engagement). Here I’ll look at the third component:

Innovative Leadership Learning.

On the Wharton website, the short paragraph introducing this component contains the keys to unlocking its real meaning and import. Let’s look at those keys – literally, the key words and phrases. They reveal the adcom’s core interests and values.
• “You’ll find your leadership style…” Leadership isn’t the pivotal word here, but rather find, which is, unsurprisingly, the verb, the action word. Of course MBAs are about leadership. But “find” indicates that the adcom wants people who are “in process” – seeking, growing, and changing in response to what they learn.

• “…by participating in unmatched entrepreneurship and leadership activities.” What’s the pivotal word here? Yeah, participating. It means active involvement. The little word by is important too, because it indicates that this participation is the way through which you grow, change (including finding your leadership style).

• “You’ll take risks, try new roles…” Wharton adcom equates risk-taking with action; putting yourself out there; opening up not just intellectually but personally. Wharton’s leadership and entrepreneurship (and other) resources offer avenues for risk-takers to try new roles. And note the word try: you don’t have to follow a straight, smooth path to a goal; the adcom recognizes the growth value in varied experiences, which you internalize and synthesize along the way.

• “…inspire others, and work with peers to shape your experience.” In a word, collaboration. In Wharton’s culture, it’s the magic through which the alchemy of growth happens. The verbs inspire and shape imply deep experience and profound, transforming outcomes. Innovative Leadership Learning clearly is more than “gaining skills” and “building networks”…

Here’s how you can portray the “Innovative Leadership Learning” component to demonstrate fit with Wharton in your application:
• Throughout your essay(s), weave in anecdotes and examples that show you participating, taking risks through collaboration, inspiring others in the process – and growing as a leader as a result. Given the tight word counts, you can even do this within 1-2 sentences, e.g., “When I [did some activity/initiative], it challenged me to [think differently in some way; be specific], which proved valuable when I subsequently [led in a new capacity].

• The Wharton interview process is a natural extension of this component – develop a strategy for portraying these qualities in a way that is natural to you.

• In your resume and application form, mention activities where you took initiative and/or drew others in and/or “stretched” beyond your comfort zone. These won’t be as in-depth as the essays, but they’ll enhance the related points elsewhere in the application.




By Cindy Tokumitsu, author and co-author of numerous ebooks, articles, and special reports, including Why MBA and Best MBA Programs: A Guide to Selecting the Right One. Cindy has advised hundreds of successful applicants in her fifteen years with Accepted.

Related Resources:
MBA Selectivity Index
Wharton 2016- 17 MBA Essay Tips & Deadlines
The “Wharton Difference” And Fit With The Program

This article originally appeared on blog.accepted.com.

Applying to a top b-school? The talented folks at Accepted have helped hundreds of applicants get accepted to their dream programs. Whether you are figuring out where apply, writing your application essays, or prepping for your interviews, we are just a call (or click) away.

Contact us, and get matched up with the consultant who will help you get accepted!
User avatar
SVP
SVP
Joined: 23 Mar 2014
Posts: 1732
Own Kudos [?]: 352 [0]
Given Kudos: 0
Send PM
Re: Wharton MBA Admissions & Related Blogs [#permalink]


If you are applying to Wharton – then you’ll want to tune in next week August 10th for our webinar, Get Accepted Wharton.

Access winning tips that put you ahead of your competition including the 4 key strategies you need to get accepted and advice for your team-based discussion.


Don’t get left behind – reserve your spot for Get Accepted Wharton now!



This article originally appeared on blog.accepted.com.

Applying to a top b-school? The talented folks at Accepted have helped hundreds of applicants get accepted to their dream programs. Whether you are figuring out where apply, writing your application essays, or prepping for your interviews, we are just a call (or click) away.

Contact us, and get matched up with the consultant who will help you get accepted!
User avatar
SVP
SVP
Joined: 23 Mar 2014
Posts: 1732
Own Kudos [?]: 352 [0]
Given Kudos: 0
Send PM
Re: Wharton MBA Admissions & Related Blogs [#permalink]


Today, everyone working anywhere can directly or indirectly identify a global dimension to their work. My previous posts on defining your fit with Wharton addressed three of the four components of “The Wharton Difference” (Largest Global Network, Culture of Engagement, and Innovative Leadership Learning). Here I’ll look at the fourth, final component:

Global Opportunities.

BUT… you might think, all top MBA programs have a global dimension; why is it part of The Wharton Difference?

The answer lies in how those specific opportunities align with the other three components by emphasizing connection, growth through experience, sharing/collaboration, and exploration. This is evident in the following phrases:
• The Global Opportunities prepare you for “an interconnected world.”

• You will “immerse yourself” in local cultures and business approaches.

• You will “extend” your experience to your classmates as part of a “global community.”

The bolded words above reveal the adcom’s distinct lens on the global dimension: its global resources start with you connecting with other people and groups to understand and eventually impact global business holistically.

BUT… What if your goals don’t include global enterprise? Perhaps you plan to launch an IT initiative in a region of the U.S. where coal mining is dying. Perhaps you plan to develop strategy for domestic healthcare provider chains. In the first case, other countries, e.g. Poland, face the same challenge; perhaps there’s a prospective global collaboration on the horizon! And you’ll likely want to market your IT product/service globally. In the second case, perhaps learning from countries with different healthcare systems would give you valuable ideas to adapt; you can learn from their successes and failures.

Today, everyone working anywhere can directly or indirectly identify a global dimension to their work. If it’s not immediately obvious, think further, and you will surely discern how it’s so in your own situation.

To demonstrate fit with Wharton, portray the “Global Opportunities” component in your application:
• Familiarize yourself with both the academic opportunities (majors, Global Modular Courses, Global Immersion Program, and Global Consulting Practicum, and exchange programs) and the extracurricular opportunities (conferences, International Volunteer Program, and Global Career Treks), decide which ones best meet your needs, and discuss how and why in your essay and interview.

• In your essay and interview, as appropriate, include anecdotes and examples about global experiences and the human, cultural, and values-oriented factors beyond the hard facts and numbers (you can include non-business experiences if relevant, even interactions with colleagues from other countries/cultures if you don’t have first hand international experience).

• In your resume and application form, mention activities with a global or international element.




By Cindy Tokumitsu, author and co-author of numerous ebooks, articles, and special reports, including Why MBA and Best MBA Programs: A Guide to Selecting the Right One. Cindy has advised hundreds of successful applicants in her fifteen years with Accepted.

Related Resources:
MBA Selectivity Index
Wharton 2016- 17 MBA Essay Tips & Deadlines
Innovative Leadership Learning: The "Wharton Difference" and Fit with The Program

This article originally appeared on blog.accepted.com.

Applying to a top b-school? The talented folks at Accepted have helped hundreds of applicants get accepted to their dream programs. Whether you are figuring out where apply, writing your application essays, or prepping for your interviews, we are just a call (or click) away.

Contact us, and get matched up with the consultant who will help you get accepted!
User avatar
SVP
SVP
Joined: 23 Mar 2014
Posts: 1732
Own Kudos [?]: 352 [0]
Given Kudos: 0
Send PM
Re: Wharton MBA Admissions & Related Blogs [#permalink]


The webinar you’ve all been waiting for, Get Accepted Wharton, will take place on Wednesday, August 10th at 10am PT/1pm ET and then again at 5pm PT/8pm ET.

Reserve your spot now and tune in on Wednesday to hear important Wharton application tips that could transform your Wharton dream into reality!




This article originally appeared on blog.accepted.com.

Applying to a top b-school? The talented folks at Accepted have helped hundreds of applicants get accepted to their dream programs. Whether you are figuring out where apply, writing your application essays, or prepping for your interviews, we are just a call (or click) away.

Contact us, and get matched up with the consultant who will help you get accepted!
GMAT Club Bot
Re: Wharton MBA Admissions & Related Blogs [#permalink]
 1   2   3   4   5   6   7   8   9   10   
Moderators:
HBS and Wharton Moderator
55 posts
Wharton and Tepper Moderator
106 posts

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne