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December 9, 2010

Non-Traditional MBA Candidates and "Bizability"

It’s funny, but almost everyone I know is a non-traditional candidate for their MBA. And it scares them.  They think everyone else applying to business school comes from consulting or finance, and those not from those fields should just give up. We all know a few consultants, investment banking types, and more than a few engineers at business school. And indeed, if you look at the profiles of many business schools (here’s a link to the Wharton MBA site, where you will see a combination of 37% for those in finance and private equity).  But thousands of others from backgrounds in the arts, social enterprise, hard science, start-ups, and the military will make their way to MBA program of their choice in the fall of 2011. Really.

It’s a Master of Business Administration

Here’s something that most people don’t understand: getting into business school is not just about leadership.  Indeed, leadership is very important, and may be one of the most important elements of the application, but understanding what makes a business enterprise work is probably just as important.  Dee Leopold, the famed director of admissions at Harvard Business School, calls this business acumen “bizability.”  I wrote about it in a previous blog post, last August after watching her presentation to prospective students. Bizability is so important, that it is worth going over again.

The term bizability reminds students that they are (nearly always) applying to a school of business.  The degree is called a Master of Business Administration.  The Yale School of Management had tried for two decades to sell its Master of Public and Private Management (MPPM) degree, but the school officially changed the name to the MBA in 2000.   Business is about commerce, about enterprise, and even in the case of non-profits, it’s about making money. Dee Leopold described it as being “grounded in the language of business.”

Bizability means that students have to, at some level, like business. I once met a student who wanted a joint degree in education and business to fund a school, but she hated business. She didn’t care about it; she didn’t appreciate finance, she just thought it was all evil.  That is not a great admissions strategy. You have to like business well enough to have been exposed to what makes a company tick and want to learn more.

Drawing upon your own experiences

It doesn’t mean that you have to work in the private sector to “get” business.  You have to be able to appreciate what makes businesses work well. For those of you who have only worked in non-profit or government, think hard about where you have used actual business skills to succeed. Have you run – or do you work with — the budget for your department? Do you know how to read financial statements?  Do you follow the business press?  Have you ever run your own little business? You don’t have to answer “yes” to all of these questions, but they cannot scare you.

So think about what business school is about and what having a career with a business degree means. Think about words like industry, commerce, management, enterprise, company, market, trade, and finance. Do you have an affinity for any of these ideas? If so, you are on your way, and are perhaps not so scarily non-traditional after all.

October 7, 2009

Social Enterprise MBA Programs

Filed under: Application ideas — Tags: , , , , , — admin @ 2:04 pm

The The MBA Channel has published the first of four articles about MBA programs that have incorporated sustainability into their curricula. The first article is on social enterprise.

click here for Part 1 - Social Enterprise MBA programs

September 18, 2009

The Greenest MBA Programs

A number of business schools are leading the charge in teaching, research and student activities related to sustainability. These efforts fall into three broad categories: environmental sustainability, corporate social responsibility, and social enterprise. Fifteen outstanding “green” programs are profiled in the article at the following link.

Click here to read article: The Greenest Programs

July 24, 2009

The MBA Tour

Filed under: Application ideas — Tags: , , , , , , , — admin @ 2:55 pm

One of the ways to clarify your own part in the admissions process is to know which b-school you want and why. Yes, research, research, and more research.
A good way to find out about school programs (and how they are differentiating themselves) is by going to an event like the MBA Tour www.thembatour.com, coming to a city near you! I'll be attending the San Francisco event on Sept. 27

•MBA Panel Presentations: Cover all your basic MBA application questions before speaking one on one with reps,
•Individual School Presentations: Easily compare schools and match your interests to program options,
•Open Fair: Meet one on one with admission directors and alumni,
•Participating Schools: Wharton, Berkeley, UCLA, Cornell, Duke, Michigan (Global), NYU Stern, Carnegie Mellon, UNC, Indiana, Vanderbilt, Emory, Yale, HEC Paris, ESADE & many more!

USA September Tour 2009
•Houston: Sept 3, Hilton Houston Post Oak, 2001 Post Oak Bvld, Houston, TX 77056
•Chicago: Sept 8, Swissotel Chicago, 323 E Wacker Drive, Chicago, IL 60601
•Atlanta: Sept 10 Hyatt Regency Atlanta, 265 Peachtree Street NE, Atlanta, GA 30303
•New York City: Sept 12, Sheraton New York Hotel and Towers, 811 7th Avenue, New York 10019
•Boston: Sept 13, Taj Boston Hotel, 15 Arlington Street, Boston, MA 02116
•Washington DC: Sept 20, Grand Hyatt Washington, 1000 H Street, NW, Washington DC 20001
•Los Angeles: Sept 26, Wilshire Grand Hotel, 930 Wilshire Boulevard, Los Angeles, CA 90017
•San Francisco: Sept 27, Grand Hyatt San Francisco, 345 Stockton Street, San Francisco 94108

Visit www.TheMBATour.com for full event schedules and registration

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