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February 3, 2012

The Round 3 Question

Some business school applicants are legitimately wondering whether they should go ahead and apply in Round 3 for the 2012 entering class.  Some realize that if they don’t apply in this round, they probably won’t matriculate this year. Others figure that they should take advantage of this one last chance to round out their choices.

If you are thinking of Round 3, take a look at the following list of do’s and don’ts. It just may help you decide whether to go through the process one more time. At the bottom of this post you’ll also find an unscientific list of schools that may be worth reviewing for third round. This does not mean that it’s a cakewalk, just that they may have more flexibility than, say, Harvard or Wharton.

You should apply third round if

  • You ran out of time second round and had some other target schools that interested you (and you fell within the profile of the class of 2013)
  • You improved your GMAT score by enough to put you within the target school’s range
  • You overlooked a school and, after taking a closer look, you think you might be a good fit
  • After going through the whole application process, you really realize you are less hung up on a top 5 name.
  • You are considering part-time programs when you only applied to full-time programs

You should NOT apply third round if

  • You only want to go to a top 5 school and you didn’t get into the top 4
  • You are outside of the school’s 2013 class profile
  • You aren’t sure what you want to do
  • The thought of filling out another application gives you a rash
  • You hate your job and it just occurred to you to apply to business school last week

If your scores/grades are lower than average/mean/standard distribution for your target school, take the time to retake your tests, or take a few courses in finance/accounting/business statistics and ace them.  If your work experience isn’t strong enough, take on more projects or a team leadership role.

The final round is not the death round; I know some very successful third-round admits at schools as competitive as Stanford.

As a bonus, I’m reposting excerpts from Harvard Business School admissions director Dee Leopold’s 2011 blog post about Round 3:

Round Three - Should You or Shouldn't You?
…You may be asking yourself whether it's worth your time and money to submit an application. Is it too much of a long shot?

…we always conclude that we like Round 3 enough to keep it as an option. Although we have admitted about 90% of the class by this time, we always - ALWAYS - see enough interesting Round 3 applicants to want to do it again. I know you wish I could define "interesting" with pinpoint accuracy but I can't. Sometimes it's work experience, sometimes it's an undergraduate school we wish we had more students from, sometimes it's a compelling recommendation …

So if you are interested in trying for HBS in Round 3, make sure you get your application in by April 10, 2012.

An Unscientific List of Third-Round Deadlines that Might Be Useful, (in date order)

Indiana Kelley 3/1

Carnegie Mellon Tepper 3/5

Duke Fuqua 3/8

Cornell Johnson 3/14  (R4)

USC Marshall 3/15

UNC Kenan-Flagler 3/16 (R4)

Texas McCombs 3/26 (R4)

UCLA Anderson 4/18

 

–Betsy Massar

Don’t forget to check out our new book Admitted: An Interactive Workbook for Getting Into a Top MBA Program

 

 

 

 

 

November 14, 2011

Finding the Right Fit in a Business School

Lots of angles (and curves) to measure

There's a lot of talk about finding the "right fit" when it comes to selecting a business school.  But as is the case with many words du jour, "fit" is often thrown around without much explanation of what it means.  What exactly is a "right fit," and how is this relevant to applying to b-school?

Self-knowledge is the secret

Fit is so popular that I've written about it myself , but more importantly so have some of the top business schools. Some schools are more specific than others, but the general message is more or less the same: Know yourself.  Understand the cultures of the schools to which you are applying.  Be able to explain exactly how you would strengthen these cultures.

Before you can even think about what schools fit you best, you have to really look at yourself.  You need to know yourself very, very well.  Your level of self-reflection will absolutely show through in your application, and helps admissions officers understand you and how you could fit into the life of their school.  Soojin Kwon Koh, Director of Admissions at Michigan’s Ross School of Business, writes in her blog, "Our ability to evaluate your fit with Ross depends on how well you know and tell us about yourself.”  So know thyself!

Common culture with the school

Rose Martinelli, then Associate Dean of Admissions at Chicago Booth, stressed the importance of fit in an admissions chat, “… it all boils down to fit. The ability of the applicant to communicate path and plan, and why Chicago is a good match for them professionally and personally.”  It’s not just about who you are at work.  It’s also about who you are as a son or daughter, friend, and community member.

Berkeley-Haas, in the “Essays” section of its admissions page, goes so far as to say that it seeks applicants “who demonstrate a strong cultural fit with our program and defining principles.”  This does not mean that everyone at Berkeley shares the same opinions and experiences—quite the opposite.  It does mean, however, that students at Haas share a common culture, as outlined in the school’s Defining Principles; students question the status quo, have confidence without attitude, are lifelong learners, and think beyond themselves.

While Stanford’s Graduate School of Business doesn’t explicitly mention “fit” or “match” on its website, it does outline its “Core Values”: intellectual engagement, respect, integrity, striving for “something great,” and owning your actions.  To be a good fit for Stanford, you need to be able to demonstrate your alignment with these values.

Cornell’s Johnson Graduate School of Management touches on fit in its third essay question, “What legacy would you hope to leave as a Johnson graduate?”  The question explains that “the adcom wants you to really evaluate what ‘fit’ means to you for Johnson.  ‘Fit’ is different for everyone, so we want to see how authentic and purposeful you are about applying.”

-- Researched and written with help from the great Alice Woodman-Russell

November 8, 2011

Be Yourself. Don't Be Casual. Which Is It?

Be diplomatic

Scott Shrum of Veritas Prep wrote this great article on presentation for the Association of International Graduate Admissions Consultants newsletter. It's particularly useful as students start booking their interview slots. Heed his advice!

For years MBA admissions officers have urged applicants to be themselves in the admissions process.  From essays to admissions interviews to interactions at events, admissions officers want to see glimpses of the real applicant, not an act or ideal of what the applicant thinks admissions officers want to see.  We have all heard this advice for years, and most admissions consultants frequently share this same advice with their clients.  “Be yourself,” we say.  “Reveal something about yourself in your application.”  Yet applicants have historically tended to err on the side of being overly formal or being reluctant to share anything that might make them appear less than perfect in admissions officers’ eyes.

This “be real” advice from admissions officers is so common that it was interesting to hear a new theme emerge in June’s AIGAC conference: Some applicants have become a little too informal, particularly in admissions interviews and other face-to-face interactions with admissions personnel.  Panel discussion participants including Christine Sneva of Cornell’s Johnson School, Bruce Delmonico of the Yale School of Management, Mary Miller of Columbia Business School, and Mae Jennifer Shores of UCLA Anderson, discussed examples including:

  • Overly casual dress
  • Unprofessional personal habits such as gum chewing
  • Very informal language, including cursing
  • Frequently checking one’s phone or sending text messages
  • Other unprofessional behavior, such as putting one’s feet up on the interviewer’s desk.

Even more remarkable is that most of the stories told involved applicants meeting with admissions officers in formal settings.  While applicants sometimes wrongly perceive an interview with an alum or a student as an informal discussion and sometimes “let their hair down” a bit too much, it is hard to fathom that admissions officers see this sort of behavior.  (All of the admissions officers at the conference were from business schools, but the lessons they shared are equally applicable to all types of graduate programs.)

It's like applying for a job

While these stories still represent the exception rather than the rule for all of the schools in attendance, the clear trend is toward this sort of thing happening more than it did just a few years ago.  Whether it is the result of generational trends—many Generation Y applicants have been exposed to less formal work settings than those who have come before them—or some applicants misinterpreting the “Be Yourself” advice, these applicants clearly do themselves a disservice by acting this way.  MBA admissions officers have enough excellent applicants to choose from that any signs of arrogance or immaturity make it far too easy for them to reject an applicant and look elsewhere for talent.

So what advice can an admissions consultant give to help applicants be authentic in the admissions process, yet not come across as overly casual or flippant?  While applicants really should be genuine and reveal a bit about themselves in their interactions with a school, they must remember that applying to an MBA program is not very different from applying for a job—everything about them will be judged.  Just as a job applicant could never put his feet up on an interviewer’s desk and expect to land a job, a business school applicant needs to remember that the admissions interviewer is not just a formality, and that any unprofessional behavior makes it far too easy for an admissions committee to reject that applicant no matter how strong his application is.  When in doubt, an applicant should treat an admissions interview no differently from a job interview.

Ultimately, the best litmus test still comes back to common sense.  If an applicant has to ask whether or not a certain behavior is okay, then the answer is probably “no.”  And, if an applicant doesn’t have the common sense or maturity to even ask, then he or she may not yet be ready to apply.

September 25, 2011

Go Global with an MBA Exchange Program

The World is Your Oyster

Many MBA programs allow for, if not encourage or require,  study abroad, and students who leave, as well as those who host, are amazed at how much they learn.

International exchange programs were brought home to me at a Forté Foundation event last week in San Francisco when I met Katie Cannon,  a London Business School student currently on exchange at UCLA Anderson. Katie’s infectious enthusiasm for LBS and international study—and her passion for the arts and her interest in media management— make a semester in LA perfect for her.  There’s no question that the Anderson students will be learning from Katie as much as she will be learning from them.

Katie is hardly the only one studying abroad during business school.   More than half of the top MBA programs offer full-term international exchange programs. London Business School is a good example. It’s a particularly international school; about 35% of its students spend a semester in a foreign country, and a typical class may have people from over 60 different countries.  To facilitate exchange, LBS partners with over 30 schools worldwide, and students at those schools can also study in London.

UCLA Anderson, located in southern California, is an ideal exchange choice for students like Katie who want to pursue careers in film, television, or talent management—or even financial services and venture capital.  It’s also a great home-base business school for students who want to study abroad— 20% participate in an international exchange.   UCLA—along with Cornell Johnson, Duke Fuqua, NYU Stern, Chicago Booth, and Michigan Ross—is a member of the Partnership in International Management network , an international consortium of business schools, and it also has exchange agreements with schools outside that network.

UC Berkeley Haas offers exchange programs established with several leading b-schools, “if,” says the website, “you can bear to be away from Berkeley.” (Click on the Haas link for useful descriptions of each of the exchange schools.)  In addition to international offerings, Haas also has an exchange with Columbia Business School, giving students the chance to spend a semester in New York City.

Most other top schools require some form of international experience during their MBA years. For example, Yale School of Management mandates that students take a short-term trip abroad in the second semester of the first year.  Professors lead the trips in countries they specialize in, from Brazil to Estonia to Israel to Japan.  Yale also offers a more traditional fall term international exchange for second year students.  Stanford GSB  also mandates a “Global Experience Requirement” which can be fulfilled by study trips or a summer immersion program.

Another resource for current or prospective b-school students interested in international study are the Centers for International Business Education and Research (CIBERs), created by Congress in 1988.  To date, there are 33 CIBERs, located at universities around the country, including UNC Kenan-Flager, University of Texas McCombs, and George Washington University.

It’s all there for the asking – so make sure your passport is up-to-date and push yourself out of your comfort zone.


September 7, 2011

More MBA Schools Accept the GRE & GMAT

Hot off the press,  Kellogg's full-time MBA program now accepts the GRE.  As does Cornell's Johnson School.  Here's the updated list as of September 7, 2011. It's always great to check; it wasn't on the Kellogg website until I emailed and -- voila! There's no harm in asking!

School GRE? Link
Columbia YES Columbia Business School
Cornell YES Cornell Johnson
Darden YES UVA Darden
HBS YES Harvard Business School
INSEAD YES INSEAD
Kellogg YES Kellogg MBA
Mich Ross YES University of Michigan Ross
MIT Sloan YES MIT Sloan
NYU Stern YES NYU Stern
Stanford YES Stanford GSB 
Tepper YES Carnegie Mellon Tepper
Texas YES Texas McCombs 
Tuck YES Dartmouth Tuck 
Wharton YES Wharton MBA
Yale YES Yale School of Management 
Duke MAYBE Duke Fuqua 
Cambridge NO Cambridge Judge
Chicago NO Chicago Booth 
Haas NO UC Berkeley Haas
LBS NO London Business School
Oxford NO Oxford Said
UCLA NO UCLA Anderson 

If you are looking for more schools the ETS link has a full list of MBA programs which accept the GRE.

August 9, 2011

Some Encouraging Advice from Recent Alums

Have confidence in your plan

"Have a plan and then deviate." That's what a recent Tuckie (that is, a graduate of Dartmouth's Tuck School of Business) offered when asked whether a student needs to know her career path before applying to business school.

I was recently at an event with recent alumnae of eight great schools: Cornell Johnson, Dartmouth Tuck, Duke Fuqua, Michigan Ross, NYU Stern, Berkeley-Haas, UVA Darden and Yale School of Management. Each participant had a new insight, and I encourage everyone to keep going to events to learn about possible programs. Remember to ask questions!

No, you don’t have to know all the answers before you fill the answer to the “why the MBA” question, but you do have to have a plan. You also don’t have to fit what you think is the perfect profile. Shannon Gordon, the articulate Tuck alumna quoted above, told us she was slightly older than the average first-year when she started business school, and that those extra few years of work experience helped her learn much during the next two hectic years. Many women, she said, decide they are too old to begin graduate school, and that it is too late for them to reap enough benefit to justify the lost income and hefty tuition. Not necessarily.

There are no real set rules about years of experience. Some candidates may feel that the opportunity has passed them by, especially as some classmates are already graduating. But it’s a very individual and personal decision to embark on an intense MBA program, whether you choose to go full- or part time. If you think you really want it, then you shouldn’t second-guess. Be curious. Be passionate. And go for it.

Here are some more tips I found worth sharing:

It’s not about the school picking you, it’s about you picking the school,” said Veronica Hsia, Stern 2007. Research, research, research. Different schools have different specialties and different methods of teaching. Think carefully about your learning preferences and the kinds of people you want to surround yourself with. It may not be as simple as landing a spot at the highest-ranked program – it's more about where you feel right.

Research the companies that recruit at schools you’re interested in, especially if you’re looking at east coast schools but may want to work at a west coast company (or vice versa). Ask alums about their experiences on the job hunt in terms of industry and location.

Don’t worry if you are a non-traditional candidate. Show admissions officers what you bring to the table, so don’t worry if you don’t come from Goldman or McKinsey. They cannot build a class of all investment bankers or consultants. How boring!

And if you are an investment banker or consultant, don’t worry about competing with someone who may have a similar resume to yours. No one is identical. Everyone has a different story to tell. To quote Shannon Gordon again, “For God sakes, be you!”

© 2008-2012 Betsy Massar, Master Admisisons, Berkeley, CA. All Rights Reserved.