Category Archives: General
November 27, 2015
When you finally emerge from your Tryptophan coma this Thanksgiving weekend and have a hankering for some food for thought, check out these illuminating B-school podcasts that cover entrepreneurship, creativity, leadership and marketing tactics. Professor …
When you finally emerge from your Tryptophan coma this Thanksgiving weekend and have a hankering for some food for thought, check out these illuminating B-school podcasts that cover entrepreneurship, creativity, leadership and marketing tactics.
Professor Dorie Clark at Duke University’s Fuqua School of Business talks about what it takes to succeed in business today. Whether you’re an entrepreneur or an employee, it’s all about standing out.
From the online publication Kellogg Insight, October’s faculty podcast features two Kellogg School of Management professors and a lecturer about the power of storytelling, as well as their tips to become a better storyteller.
Wendy Huber, Assistant Dean for the Full-Time MBA Program at Darden School of Business offers tips on how to achieve success in business school.
Harvard Business School launched a podcast series this fall called Cold Call, and the episode “Dangerous Mines: Saving Lives Through Leadership” stresses safety in South Africa’s platinum mines.
Brit Morin, founder and CEO of Brit + Co, discusses Inspiring Creativity with Great Content in this podcast from Entrepreneurial Thought Corner at Stanford University.
Nicholas Epley, professor of behavioral science at Chicago Booth School of Business, debunks some dangerous myths about gender differences.
This one falls under the marketing category, but it’s also just really fun and interesting for anyone headed to see “Spectre” this weekend. The Wharton School‘s Knowledge@Wharton publication offers this new podcast: The Spy Whom We Loved: The Enduring Appeal of James Bond.
We hope you enjoy this little bit of brain food and find something useful—and interesting—in each of these suggestions.
Image credit: Flickr user Patrick Breitenbach (CC By 2.0)
November 26, 2015
On behalf of everyone here at Stacy Blackman Consulting, today we’d like to wish our U.S.-based readers and clients a lovely Thanksgiving and a joyous holiday season. In this time of gratitude, we give thanks …
On behalf of everyone here at Stacy Blackman Consulting, today we’d like to wish our U.S.-based readers and clients a lovely Thanksgiving and a joyous holiday season.
In this time of gratitude, we give thanks for you, our loyal blog readers. We appreciate your confidence in our work and are grateful that you’ve chosen us as a trusted resource to help you achieve your MBA goals.
Image credit: Flickr user Luan Anh (CC BY-SA 2.0)
November 25, 2015
Many business schools call their MBA admissions process holistic, and the University of Michigan Ross School of Business is no exception. We think admissions director Soojin Kwon‘s latest blog post really helps clarify that point …
Many business schools call their MBA admissions process holistic, and the University of Michigan Ross School of Business is no exception. We think admissions director Soojin Kwon‘s latest blog post really helps clarify that point for applicants who may be wondering what, exactly, does a holistic review mean?
In a nutshell, a holistic review means taking into account several different factors when making admissions decisions: test scores, professional achievements, essays, and fit. This provides some comfort to applicants worried their chances will get torpedoed by a low-ish GMAT, or a lack of job titles that indicate an obvious leadership position. But, Kwon cautions, holistic review doesn’t mean all of those elements are weighted equally.
“For applicants who are agonizing over the essays, let me put it into perspective,” the director writes. “Spectacular essays won’t outweigh weak competitive academics or work experience. That said, a high GMAT isn’t everything. Last year, we denied hundreds of applicants with GMAT scores higher than 700. Rest assured, we read and evaluate all pieces of your application as we’re getting to know you.”
With the Round 2 deadline just after the New Year, applicants still have time to polish their essays, have one more go at the GMAT or GRE, or tweak their MBA resumes. Kwon is known for placing heavy emphasis on the candidate’s resume, and she reiterates that fact in this post.
Go over your resume carefully and banish any industry-specific acronyms or jargon that a lay person wouldn’t recognize, and make sure to highlight the achievements that identify results and impact, Kwon advises. As for the essays, she says make sure they are clear, sound like you, and fully answer the question, leaving no doubts in the reader’s mind.
Michigan Ross plans to hold an application webinar with last-minute tips for Round 2 on Monday, December 14th at 12:30 pm EST. If you need guidance—or reassurance—mark your calendars for that valuable info session.
Round 1 decisions come out on December 18th, so good luck to those applicants still interviewing and awaiting their outcome.
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November 20, 2015
Poets & Quants released its 2015 MBA ranking this week, and Harvard Business School has reclaimed the title of world’s best business school after rebounding from second place last year. HBS has landed the top …
Poets & Quants released its 2015 MBA ranking this week, and Harvard Business School has reclaimed the title of world’s best business school after rebounding from second place last year. HBS has landed the top spot for five of the six years P&Q has published its composite ranking.
The school will continue to have a huge head start in maintaining that lead given its $3 billion endowment, which is three times the size of Stanford Graduate School of Business, its nearest competitor, notes P&Q editor John A. Byrne in Fortune. HBS has already raised more than $860 million toward the school’s $1 billion capital campaign, which still has three years remaining.
“No rival beats Harvard in the formidable resources it brings to the game: more superstar professors than any other school, the diversity of its course offerings, the stellar quality of its students, the size and scope of its campus, and the career achievements of its alumni spread all over the world,” writes Byrnes.
Top Ten U.S. MBA Programs
- Harvard Business School
- Stanford Graduate School of Business
- Chicago Booth School of Business
- University of Pennsylvania’s Wharton School
- Northwestern’s Kellogg School of Management
- Columbia Business School
- MIT Sloan School of Management
- UC Berkeley Haas School of Business
- Dartmouth’s Tuck School of Business
- Yale School of Management
Top Ten International MBA Programs
- London Business School
- IESE Business School
- IE Business School
- HEC Paris
- Cambridge Judge Business School
- SDA Bocconi
- Oxford Saïd Business School
According to Poets & Quants, the lineup of the best U.S. MBA programs combines the five most influential rankings but each is weighted separately to reflect P&Q’s view of their authority: U.S. News & World Report is given a weight of 35%, Forbes 25%, Bloomberg Businessweek 15%, The Financial Times 15%, and The Economist receives a weight of 10%.
“The list is far more stable–and reliable–than most rankings published elsewhere, taking into account a massive wealth of quantitative and qualitative data captured in these major lists, from surveys of corporate recruiters, MBA graduates, deans and faculty publication records to median GPA and GMAT scores of entering students as well as the latest salary and employment statistics of alumni,” Byrne explains.
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November 18, 2015
This is Global Entrepreneurship Week, and according to the newly released Global Entrepreneurship Monitor 2014 Women’s Report, entrepreneurial activity among women has increased by seven percent across 61 economies worldwide in just two years. Women …
This is Global Entrepreneurship Week, and according to the newly released Global Entrepreneurship Monitor 2014 Women’s Report, entrepreneurial activity among women has increased by seven percent across 61 economies worldwide in just two years.
Women entrepreneurs in nearly half of the surveyed economies are now equal to, or even outpacing their male counterparts in terms of innovation – demonstrating a growing parity between men and women selling products and services that are new to consumers and not generally offered by competitors.
The report, sponsored by Babson College, Universidad Del Desarrollo, Universiti Tun Abdul Razak (UNIRAZAK), and Tecnológico de Monterrey, serves as the most comprehensive research ever conducted on women’s entrepreneurship and confirms that more than 200 million women entrepreneurs are starting or running new businesses in 83 economies across the globe. An additional 128 million are running established businesses.
“Promoting women’s entrepreneurship requires more than increasing the rate in which women start businesses,” says Babson College professor and report author Donna Kelley.
“Our GEM research shows that women entrepreneurs are frequently innovative, which demonstrates the impact they can have on their societies. Supporting women’s aspirations to innovate could be an important means of creating businesses with a competitive edge, and those with novel solutions to improve people’s lives.”
Also, the more women participate in the workforce, relative to men, the more likely they are to be, or become, entrepreneurs. This conclusion derives from an analysis of total early-stage entrepreneurial activity (TEA) in relation to gender gap indicators measured by the World Economic Forum (WEF).
In economies with a greater proportion of women starting businesses – in teams of three or more co-founders – there is also a greater likelihood they will have job-creation ambitions.
“The 2014 GEM Women’s Report helps us better understand the diversity among women business owners and their businesses, including an important recognition of the value created by women working in teams within, and across, their businesses,” adds Babson College professor and report author Patricia Greene.
Women around the world, on average, are also pursuing opportunity-driven entrepreneurial activity proportionate to men, resulting in a smaller gender gap in the percentage of entrepreneurs with opportunity motivations in every region.
And in 10 economies, women are as or more likely to be entrepreneurs than men. They include El Salvador and Brazil in Latin America and the Caribbean; Vietnam, Indonesia, Malaysia, and the Philippines in Southeast Asia; and Zambia, Nigeria, Uganda, and Ghana in Africa.
“In most economies, the prescriptions for success are based on studies of male entrepreneurs. In the past two decades, the rise of women entrepreneurs helps us to better understand the factors leading to start-up success and growth of both men and women entrepreneurs,” says Babson College Vice Provost of Global Entrepreneurial Leadership and report author Candida Brush. “GEM data is central to providing this information.”
November 17, 2015
As you may guess, the purpose of the MBA admissions interview is twofold: it gives the AdCom a chance to see a candidate’s personality, leadership qualities and motivation for pursuing an MBA, and it also …
As you may guess, the purpose of the MBA admissions interview is twofold: it gives the AdCom a chance to see a candidate’s personality, leadership qualities and motivation for pursuing an MBA, and it also lets applicants tell their own story beyond the essays and other materials in the application. Once you receive an interview invitation, your focus should be on preparation.
Research your target program thoroughly, which means tapping into all resources available to you, such as networking with alumni at admissions events or reaching out to current students. Try coming up with a list of questions and see how many of them you can answer after a simple search of the school’s website. If you can’t easily find an answer, that’s probably a good topic to discuss in your interview.
Many interviews will begin with some version of “Tell me about yourself” or “Walk me through your resume.” It can be hard to know where to begin with this. One approach is to simply ask, “Where would you like me to begin?” As an applicant, you shouldn’t be afraid to ask for further clarification, as this also makes the interview more of a conversation.
Remember that the interview is a dialog, often with someone who could soon be your peer. Don’t feel like you need to read their mind and immediately know what they are looking for. In general, you will begin this question with college and provide a brief chronology regarding decisions from there.
In addition to asking insightful questions, make sure you explain why the school you’re interviewing with is the best fit for you. What are the specific courses, programs, and professors that will help you reach your goals? It’s even better if you can highlight your need for academic offerings unique to this school.
Some applicants have reported being asked, “Tell me about yourself—not the resume stuff.” This is a different type of question, where you might start with where you grew up and provide more personal anecdotes about family and personal interests.
Schools are trying to create a well-rounded class of individuals. They want to know that you’re bringing personal interests to their campus that you’ll share with other classmates. So you should tell them about your recent scuba diving trip in Belize, your role as the food and wine connoisseur among friends, your love for historical fiction, your favorite college class in evolutionary biology, and your opinions on globalization.
Interviewers should be able to imagine you as the classmate who will organize trips, plan dinners, start a book club, etc. They don’t want to think that you are just about business and academics all of the time.
Alumni interviewers enjoy reminiscing about their experiences, and will especially like any questions about clubs or activities they were part of, while current students can provide a great perspective on what they wish they had known, or the most interesting aspect of their MBA experience.
As you prepare for your interview, one of the most important tips to remember is to sound natural—not scripted—during the exchange. Instead of trying to remember and include every last one of your memorized bullet points, focus on succinctly answering only the question at hand.
Wrap up the interview with a sincere thank you for the interviewer’s time, and remember to ask for a business card if you haven’t already received one. Send a thank-you note or email within the week, and try to include a memorable detail from your conversation to help the interviewer remember you as well as to reiterate your interest in attending the school.
The interaction in an MBA interview speaks volumes about what kind of teammate you will be when you are in the program, so make sure the right message is coming across loud and clear.
Image credit: Flickr user thinkpanama (CC BY-NC 2.0)