The admissions team at Harvard Business School is still buried in Round 1 applications, but admissions director Dee Leopold updated her blog this week to let anxious candidates know the timeline for upcoming interview invitations. … →
The admissions team at Harvard Business School is still buried in Round 1 applications, but admissions director Dee Leopold updated her blog this week to let anxious candidates know the timeline for upcoming interview invitations.
Invitations and detailed procedural instructions will go out over three days—October 6th, 8th, and 14th—in order to avoid congestion in the online sign-up page, Leopold explains. Candidates not invited to interview will be notified of their release on October 14th, thus freeing them with ample time to focus their energies on applications to other schools.
All HBS 2+2 Program applicants will receive interview or release notification on the same date, October 14th.
The director notes the interview period for Round 1 applicants will take place between October 26–November 20. In addition to on-campus interviews, HBS also plans to conduct interviews in New York City, Palo Alto, London, Paris, Shanghai, Tokyo, Dubai, Mumbai, Sao Paulo, and Santiago on select dates to be announced soon. If you cannot travel to an interview location, Leopold confirms that you may be accommodated via Skype.
In case anyone feels at a disadvantage for being unable to interview on campus, she assures applicants that, “We love having interviewees visit campus and we will have a full day of get-to-know HBS activities, but the location of your interview plays no part in the selection process.”
The Graduate Management Admission Council (GMAC) has released the findings of its 2015 Application Trends Survey, which show the majority of full-time MBA programs — in both two-year and one-year formats — report increases in … →
The Graduate Management Admission Council (GMAC) has released the findings of its 2015 Application Trends Survey, which show the majority of full-time MBA programs — in both two-year and one-year formats — report increases in application volume compared with last year and 10 years ago.
Among full-time two-year MBA programs, 57% report increased application volume this year. For full-time one-year programs, 2015 marks a notable improvement: 51% of programs report application volume increases, compared with just 37% that reported growth last year.
Both program formats are performing better compared with 10 years ago — 60% of full-time two-year and 53% of full-time one-year MBA programs indicate they received more applications this year than in 2005.
“This is positive news and reflects a strong full-time MBA market,” says Bob Alig, GMAC’s executive vice president for school products.
“The full-time MBA continues to be a sought after credential because graduates consistently see a high return on their investment — not only in terms of earnings, but also in job satisfaction and personal fulfillment.”
The findings from GMAC’s 16th annual Application Trends Survey show a positive turnaround in the domestic market for U.S.-based, full-time two-year MBA programs, as a majority (59%) report year-on-year domestic application growth — a level not attained since 2009. Domestic candidates still account for less than half of the applicant pool for these U.S. MBA programs — 45% in 2015.
This year’s report also reveals that the representation of women in program applicant pools has increased 3 to 8 percentage points over the last five years for all program types analyzed in the report, with the lone exception of Master of Accounting, which continues to maintain its majority level of female representation (57%).
More than half of the following program formats report growing application volume for women in 2015: full-time two-year MBA (51% of programs), full-time one-year MBA (50%), executive MBA (50%), online MBA (55%), Master in Management (55%), Master of Finance (56%), and Master of Marketing and Communications (60%).
“GMAC is pleased to see that business schools’ efforts to increase the number of applications from women seem to be succeeding,” says Alig. The report shows that targeted outreach for women candidates is conducted by 67% of full-time two-year MBA programs, 41% of part-time MBA programs, and 51% of executive MBA programs.
Data for the 2015 Application Trends Survey were collected from a total of 641 graduate business programs located at 306 universities worldwide.
Last week, Harvard Business School announced the launch of a new online series called Cold Call, which takes the school’s legendary case method and distills it into podcast form. The podcast takes its name from … →
Last week, Harvard Business School announced the launch of a new online series called Cold Call, which takes the school’s legendary case method and distills it into podcast form.
The podcast takes its name from the HBS tradition of beginning each class with a “cold call,” where with no previous warning, the professor selects one student to lay out the facts of the case and begin the discussion. It’s a nerve-wracking moment that binds HBS graduates across generations.
Host and Chief Marketing and Communications Officer Brian Kenny will invite an HBS professor twice a month to take listeners behind the scenes of a case he or she has written, probing what inspired the case, exploring how it relates to management practice, and delving into interesting anecdotes that come from researching the case and teaching it in the classroom.
In 10-12 minutes, Cold Call will animate HBS faculty research and bring their lessons straight to listeners. According to the announcement from the school, it should be on the playlist of prospective MBA students and seasoned business practitioners alike.
This post originally appeared on Stacy’s “Strictly Business” MBA Blog on U.S.News.com Even though many incoming first-year MBA students think they have a pretty good idea of what awaits them, there’s always something about business … →
Even though many incoming first-year MBA students think they have a pretty good idea of what awaits them, there’s always something about business school that takes them by surprise. Whether you are a member of the class of 2017, or a candidate working on your application for next fall, take a look at these tips to help better prepare you for an awesome MBA experience.
1. Don’t be intimidated by your classmates: It’s difficult to not be impressed when you see the caliber of your peers, who will all seem to be phenomenally accomplished. After all, at a top MBA program, you’re sure to be surrounded by marathon winners, Everest summiters, judo champions and probably a White House aide or two.
Instead of feeling less-than-accomplished among these type-A leaders, take the approach of learning from a diverse group of people who have experience in areas you’re not familiar with. Most business schools foster a collaborative culture, so these geniuses will more than likely be excited to share their knowledge.
While it’s human nature to gravitate toward people who are similar to you, business school is a unique opportunity to interact closely with students from other countries and backgrounds. If you make an effort to get to know those outside of your comfort zone, your experience will be greatly enriched.
And don’t forget that you, too, were accepted into the class for a reason. The school believes that you have a great deal to contribute, so make sure that you do.
2. There’s a right way to engage at recruiting events: To really maximize the job recruiting experience, your main goal should be trying to get a grasp of each company’s culture. Use this opportunity to determine how well you would enjoy working on their team. Within the same industry, most companies will provide the same types of projects or experiences, so finding out whether you connect with the people you’re speaking with will go a long way toward helping you decide which offer is most attractive.
Remember, most of the people you will be speaking with at these events were in your shoes not that long ago. Be respectful, but not daunted, by their position.
You should go into interviews and corporate presentations prepared to have a conversation and tell them about yourself. Also, don’t stress if you don’t land the dream summer internship. Summer positions are often more competitive than full-time offers, so you’ll still have a great chance at the same job after graduation.
3. What happens outside the classroom is more important: GPA may have been the be-all and end-all in your undergraduate career, but at business school, your grades really don’t count that much.
Many schools have a grade nondisclosure policy, but even if it doesn’t, no one is going to ask. Go to class to learn, but don’t study so much that you miss out on the rest of the experience.
Reap the full benefits of the MBA experience by getting involved with activities outside of the classroom. The opportunities are overwhelming, so be selective with your choices and know that you will learn as much from these activities as you will from your studies. Extracurriculars will help you with networking and provide something to talk about in your interviews.
The intense nature of the business school experience bonds students and makes it a wonderful place to make lifelong friends. As you build your network, make sure to reach out to people around you and see how you can help them as well.
Remember that your classmates and the classes above and below you are all members of this priceless network. Always keep in mind that you may network with any of these people down the line.
4. Failure is OK and even encouraged: You may be starting business school with a crystal-clear vision of your career goals, but if you’re paying upward of $60,000 a year in tuition, why not use this time to explore new options?
Go to diverse corporate presentations, take courses in unfamiliar subjects or interview with a company outside of your industry. You may be surprised at how your interests shift and grow.
The first year of an MBA program is like a learning laboratory, and an ideal time to take risks, challenge yourself and find out where your weaknesses are. You will also have the freedom to explore areas that would be impossible with a day job, as business school is a safe environment for trying out the most audacious ideas.
Failure is one of the best learning tools, so don’t be afraid to flop. Many of the most successful entrepreneurs only became so after overcoming multiple adversities. Not only will the experience make you more resilient, it will allow you to evolve and know what not to do next time.
Columbia Business School announced yesterday that alumnus Henry Kravis has increased his gift to the school to $125 million, up from $100 million, in celebration of Columbia Business School’s Centennial anniversary. The major donation further … →
Columbia Business School announced yesterday that alumnus Henry Kravis has increased his gift to the school to $125 million, up from $100 million, in celebration of Columbia Business School’s Centennial anniversary.
The major donation further funds the new Manhattanville Campus, located between West 125th and West 133rd Streets. Together with its counterpart, the Ronald O. Perelman Center for Business Innovation, the complex will boast 468,000 square feet of space, more than doubling the school’s current size.
“Manhattanville will be transformative for the Business School,” Kravis says. “Today, the way business is done is very much collaborative. Ideas come from everywhere. The Business School is being designed to take advantage of [this], as well as have the flexibility to adapt to whatever changes are going to be necessary to teach business courses in the future.”
“It’s a privilege to help the School imagine its next chapter,” Kravis adds. “Top-quality facilities are now a minimum requirement to attract the best professors and the brightest students. The new buildings will position the Business School to continue its tradition of excellence and also explore uncharted opportunities.”
Is there such a thing as a right time to apply for an MBA? Many prospective b-school applicants confront this question when they feel that their current career trajectory has stalled. For others, pursuing an … →
Is there such a thing as a right time to apply for an MBA? Many prospective b-school applicants confront this question when they feel that their current career trajectory has stalled. For others, pursuing an MBA straight out of undergrad is a no-brainer, as they avoid putting their lives on hold for two years—and forgoing a potentially significant salary to do so.
While everyone’s timing for applying to business school varies depending on their circumstances, there are a few things you should be able to clearly articulate when you’re ready to take the plunge.
This week, the MBA blog published by the UV Darden School of Business poses four questions you should ask yourself to determine whether now’s the time to start cranking out those essays and rounding up your references. The advice is spot-on, and valid no matter where you plan to apply.
What are my career goals?
Darden says: Not everyone knows their specific career goals when heading to business school, but as a general rule, they have a pretty good idea. Maybe you want to move up within your current industry or company. Maybe you want to switch to an entirely different industry and need to build the foundation to get the job that you want. Or maybe you’re aspiring entrepreneur who wants to learn more about business so you can start one of your own. Business school can propel you in many directions, but you can also miss out on great opportunities if you don’t know what you are looking for.
2. Do I have enough work experience?
Darden says: Most MBA programs want you to have an average of four years of work experience. At Darden, the average age of students in our full-time program is 27. Having work experience is important because it teaches you how to work with a team, practice your leadership skills and learn more about the business world, which in turn will help you lay out your career goals.
3. Do I have the basic skills necessary to thrive in business school?
Darden says: While Darden looks for students with a wide range of experiences, there are certain skill sets that will come in handy as you embark on your MBA journey. One of those is quantitative analysis, which will be useful as soon as you start to study for the GMAT or GRE, and will continue to be helpful as you prepare to lead in the business world. If you didn’t take many quantitative classes in college, it might be helpful to brush up on your skills so you are ready for the first day of b-school.
4. Do I know what I’m looking for in an MBA program?
Darden says: There are all kinds of MBA programs around the world. Some are full-time; some allow you to work while you get your degree. Some excel at finance, while others specialize in general management or consulting. The options are endless, so it is up to you to figure out which school is right for you.
It’s no surprise that an MBA expands your skill set and your network of contacts, as well as significantly increases your long-term earning potential. Candidates should talk with family, friends, and mentors—and potentially an MBA application adviser—early in the application process to determine where they are in the so-called “window” for business school.
But only you can judge when all of the necessary elements have come together to make the time right.