Tag Archives: Chicago
April 8, 2008
U.S. News & World Report recently released its best business schools 2009 rankings. No big surprise – HBS, Stanford GSB, Wharton, MIT Sloan, University of Chicago, and Kellogg topped the charts. As compared with last …
U.S. News & World Report recently released its best business schools 2009 rankings. No big surprise – HBS, Stanford GSB, Wharton, MIT Sloan, University of Chicago, and Kellogg topped the charts. As compared with last year’s rankings, Stanford moved up to tie Harvard for the #1 spot, Wharton remained solid at #3, and Chicago/Kellogg bumped up to tie Sloan for #4 (triple tie). Triple ties among top ten business schools are not uncommon in U.S. News rankings, and occurred in 2003, 1999, and 1998, to name a few instances.
Rising Stars: Stanford, Chicago, Kellogg, UC Berkeley
Moving Down: Michigan, Duke, UVA
The 2009 rankings reflect data collected in fall 2007 and early 2008. U.S. News utilizes a ranking methodology whereby programs are assessed in three broad categories: quality assessment (weighted 40%), placement success (weighted 35%), and student selectivity (weighted 25%).
March 24, 2008
HBS announced its decision yesterday to appoint Anjali Raina to serve as Executive Director of its India Research Center (IRC) in Mumbai, India (see AScribe Newswire article). The IRC was established in 2006 to support …
HBS announced its decision yesterday to appoint Anjali Raina to serve as Executive Director of its India Research Center (IRC) in Mumbai, India (see AScribe Newswire article). The IRC was established in 2006 to support the school’s efforts to research economy and business related matters in India and South Asia generally.
Also in recent news, the 12th annual Wharton India Economic Forum concluded successfully last Saturday, 3.22.08. The event, organized around the theme “India ¦ Imagine” drew a diverse array of business professionals and luminaries, including the former President of India, Dr. APJ Abdul Kalam, who delivered the closing speech.
The push to establish a presence in Asia (including India) is not exclusive to Harvard. INSEAD and Chicago GSB both have campuses in Singapore. Other business schools have established programs dedicated to Asian studies, such as Haas, which launched its Asia Business Center this year. For more on the rise of Asian business schools, check out this CNN article discussing global program rankings.
February 8, 2008
The QS World MBA Tour offered a chat recently on navigating the MBA admissions process. Here are some of the highlights of that session, led by Zoya Zaitseva, manager of the European leg of the world’s biggest international MBA fair.
What is a real difference between European and US MBAs? What are the reasons to choose each of them?
We all have different reasons for choosing the schools. Somebody doesn’t want to travel too far and prefers to study in Europe; others need guaranteed loans and apply to top American schools only. I would put it this way: if you want to be able to work in the US, Europe or any other part of the world, American schools would be your choice. It is much more challenging to find a good job in States after a European or Asian business schools (but I am not saying it is impossible). Most of the American schools offer two-year programs; students are a bit younger than in Europe. At the same time, there are two-year program in Europe and one year programs in States.
Do the top schools have seats for applicants from different counties? If I’m a Filipino and 25 years old, is that diverse enough for the admissions committee from the top 10 schools?
Being just “a Filipino and 25 years old” might not be good enough. Think of yourself as of the candidate who needs to get in, but stand out. You will be competing with hundreds of international candidates from around the world, so your age and nationality is not what you sell. Before you start working on your application package, write down five-six selling points that make you different from other candidates. While working on your essays or getting ready for the interview always remember these points and prove your uniqueness in all possible ways, not just by the ethnic background.
I face some financial difficulties. What are my chances for them to offer me a considerable scholarship that could cover at least 3/4 of my tuition fees?
Scholarships are rather limited in the MBA world, but at the same time there are millions of dollars of unclaimed scholarships so please do your homework and study the web for the opportunities. QS World MBA Tour offers over $1M in scholarships, schools do it every year on need-based or merit-based grounds; independent providers are there for you: www.myrichuncle.com, www.fastweb.com, etc. In the US most of the top business schools will be also able to provide you with the loan, which is also a great option for an MBA candidate.
If I want to stop being an employee and start my own business, which Executive MBA is the best choice for me?
Executive MBA programs are actually not that great for career switchers. Why not do an Executive MBA while you are still working and then set up your own business? The school will give you not just knowledge and tools, but also a fantastic network that might generate new ideas for your career future.
If you plan to combine work and study, check out modular MBA programs. For the candidates located in Central Europe or ex-USSR countries something like one week every two months works better than every second weekend in London. Chicago GSB in London, INSEAD in Paris, IMD in Lausanne, Duke-Goethe in Frankfurt, IESE in Barcelona – this is not the full list of the modular MBA programs that you may consider. IE Business School in Spain and Ashridge in the UK are good in entrepreneurship, check them out, too.
I have good school and college background and can get LoRs (letters of recommendation) from both my deans. However, when it comes to an LoR from my workplace, my client, who is a senior project manager, is one difficult fellow who might give me just a “Good” LoR, while my direct manager would give me a “Great!” LoR but is just a team lead and not a very high ranked person in the organization. Whom should I take an LoR from?
Which one of your prospective recommenders has wider experience with you and had a chance to observe you in a team environment or stressful situations when you had to demonstrate your leaderships skills, creativity, problem solving talents, etc? I mean, the recommendation is not about the title, but about how well the recommender actually knows you. A good LoR from a client with whom you’ve been working for over a year will be better than a great LoR from a team lead who has known you for just a couple of months. Besides, you can always balance good recommendation with great essays – just tell about what you think would be missing in the recommendation there.
What would be your personal advice about the best European/UK EMBA program?
Depends upon where are you based, how flexible you are in terms of the traveling, your background and career goals. There are a lot of strong Executive MBA programs in Europe – European, joint international, American, so it is up to you which one you pick up.
From my previous experience I can say that the candidates from Russia and Ukraine usually prefer modular programs that allow them to travel for not more than six weeks a year or so (except for IMD). Here are some of the Executive MBA programs that you may consider: Chicago GSB – London, IESE, INSEAD, IMD, TRIUM, One MBA, LBS/Columbia and LBS Executive MBA, Duke Fuqua, IE Business School.
December 19, 2007
As we approach the decision time of year for first round, many applicants will receive the confusing result of being waitlisted. Middle of Nowhere is wondering how to deal with the Chicago waitlist as is …
As we approach the decision time of year for first round, many applicants will receive the confusing result of being waitlisted. Middle of Nowhere is wondering how to deal with the Chicago waitlist as is My Journey to B School.
While the waitlist is definitely not what you were hoping for, don’t give up hope. In fact, there may be steps you can take to increase your chances of admission.
First, take note of each school’s waitlist policy. In past years some schools, such as Wharton, only wanted to hear whether or not you want to remain on the waitlist. This means you don’t have to do any more work, but it can be frustrating to have no control over your situation.
However, other schools in previous years, such as Stanford, Columbia, and Kellogg, have been open to hearing more from waitlisted candidates. While this allows you to take some action, it also means quite a bit of work. Here are some concrete steps you can take:
Feedback: You can contact the admissions committee to get feedback on your application. What they say should inform your efforts moving forward ”” Do you need to increase your responsibilities at work? Or take on more volunteer work? Or improve your GMAT score?
Update Letter: Begin with a letter that reiterates your interest and provides an update of activities since you submitted your application ”” promotions/changes in scope of work/additional responsibility, travel plans, classes taken, new GMAT score, changes in volunteer activities, and personal activities such as learning a language, completing a triatholon or taking on a new hobby. Be sure to include why these updates make you a better candidate than before. How will your activities make you a student who will further enrich their program?
Reference: You can also submit an extra letter of recommendation. However, please be sure it adds new information and a different perspective from your professional recommendations. For example, it could be a letter from someone you volunteer with.
GMAT: Sometimes an improved GMAT score can tip the scales in your favor. However, before you get to work on improving your score, ask the school directly if this would help.
Keep in touch with the Admissions Committee: Check in with them regularly (email is a great method) to demonstrate interest and keep them updated on your situation. Be sure to keep the updates meaningful and do not pester them by asking constant questions.
Before you contact a school with any information, check with their specific policies on how much they want to hear from you ”” Are they open to receiving just an update letter? Are they willing to read an additional recommendation? Do they want regular updates? You want to do as much as you can without disregarding their requests or overloading their staff. Above all remember that you are still in the game!
December 12, 2007
The Kellogg MBA and Chicago Booth admissions representatives were extremely forthcoming with their advice last week during the Manhattan GMAT panel, so we wanted to share some more of their tips. First, both representatives emphasized being yourself …
First, both representatives emphasized being yourself in your essays. Don’t try to write essays that show who you think the Kellogg MBA and Chicago Booth want to see. Instead show them who you are – your personality, values, sense of humor, etc. Dig deep for experiences outside of work and feel free to discuss very personal moments from your life.
The Chicago Booth representative also underscored how diverse their class is in terms of professional backgrounds. Business school is not only for investment bankers and consultants as their recent classes have boasted a former professional cheerleader and a cop.
The Kellogg MBA representative highlighted the school’s culture of initiative. Each year the school changes a bit because of what new students bring to it. Thus as an applicant try to show your innovative ideas for their campus – what will you start and lead?
Finally, one obvious takeaway from the panel was the value of information sessions, something we have mentioned on this blog often. Whether on campus or off campus, try to go to info sessions for your schools of interest. Hearing from admissions representatives (in addition to students and alums) gives you a good sense of each school’s culture and values. These insights will help you not only find the right schools for you but also help you demonstrate your fit with those schools in the essays.
December 11, 2007
Recently we participated in a panel for Manhattan GMAT with admissions representatives from Chicago and Kellogg. The Chicago representative brought up the topic of applicant myspace pages. Because recruiters often look at candidate myspace pages …
Recently we participated in a panel for Manhattan GMAT with admissions representatives from Chicago and Kellogg. The Chicago representative brought up the topic of applicant myspace pages. Because recruiters often look at candidate myspace pages during the interview process, schools have started doing the same as part of a more thorough background check during the admissions process. He urged applicants to clean up their myspace pages (and anything else on the web) and make sure there’s nothing on there that they wouldn’t want admissions committees or future employers to see. Leave no stone unturned – take a minute to make sure you’re representing yourself well!