Tag Archives: Harvard Business School
April 19, 2017
The profile of the typical business school applicant has changed significantly over the past decade. Once upon a time, few would contemplate applying without first having the requisite 5 to 7 years of work experience …
The profile of the typical business school applicant has changed significantly over the past decade. Once upon a time, few would contemplate applying without first having the requisite 5 to 7 years of work experience under their belts. The prevailing wisdom held that older candidates would have more to contribute to class discussions because of their substantial real-world experience.
Flash forward to today and you’ll see schools taking a closer look at younger candidates, including those with no work experience. The reason for this shift is that business schools fear some applicants would attain so much success after only a few years that they would not want to go back for an MBA.
Some candidates really are ready for business school right after graduating from college; some have started a company while in school, played a strong role in a family business, or gained relevant experiences in other areas.
But as more MBA programs welcome younger applicants, and in some cases actively court them with programs geared toward younger students—such as Harvard Business School‘s 2+2 Program, Yale School of Management‘s three-year Silver Scholars M.B.A. Program, and the deferred enrollment option for college seniors offered by the Stanford Graduate School of Business—anyone over age 28 may feel that she or he doesn’t stand a chance of getting in.
When a client asks, “Am I too old (or too young) for an MBA?” I respond that it’s not about chronological age. It’s more about maturity, readiness, and where you are in your career. Sometimes these things can be linked to age, but that’s not a certainty.
Instead, think about what you want to gain from and what you can contribute to an MBA program. You may be 22 but have a ton of insight to share and highly focused career goals. That would give you a leg up on the 28-year-old who is lost and just using the MBA as something to fill the time.
While older candidates do face certain obstacles, these applicants get into the top programs every year, and can and should apply if an MBA is the necessary stepping stone to advance their career. If you’re contemplating business school in your mid-30s, the key is to demonstrate confidence, how you’ve progressed professionally, and what you’ve contributed on the job.
A 38-year-old candidate who has spent more than a decade in the same position without showing progression will have a hard time being admitted to a top MBA program. This is not because of age. Rather, it is because the candidate may not demonstrated growth during that time.
If you’re applying to an elite school like Harvard, which values great leadership, you should’ve already developed terrific leadership skills. Many people with great leadership skills have achieved so much by the time they near 40 that they’re not interested in going back to school.
However, if one of these people is interested and can demonstrate great achievement balanced with a legitimate need or desire to return to school, then they have a good chance. Proving that you are a strong and accomplished 40-year-old leader, and balancing that with the fact that you want to improve in order to get to the next step, is tough to pull off. That said, “old” people are admitted every season!
Younger applicants, meanwhile, have their own set of obstacles to overcome. They’ll need to demonstrate to the admissions committee that they have the focus and maturity required to succeed in an MBA program.
Since a huge part of the b-school classroom experience is the exchange of ideas from diverse individuals, younger candidates will also need to prove that they have enough life experience to contribute to an incoming class. Business schools are looking for authentic experience, not just students who subscribe to the Wall Street Journal. Finally, younger applicants will need to show an admissions team they have a strong reason for returning to school so soon after graduation.
Regardless of whether you are young or old, if you can achieve what is written above, you will have a good chance of getting into a program that is the right fit for you. Your age should never be the sole deciding factor of whether to apply to business school.
March 15, 2017
Harvard Business School interviews just 25% of applicants each season. On the bright side, HBS admits about half of interviewed candidates, so if you can successfully pass this hurdle in the application process, your chances …
Harvard Business School interviews just 25% of applicants each season. On the bright side, HBS admits about half of interviewed candidates, so if you can successfully pass this hurdle in the application process, your chances of admission skyrocket.
As I explained in my recent article published in Business Insider, the admissions team seeks applicants who can demonstrate that they share the values central to HBS culture: passion, self-awareness, maturity, integrity, focus on solutions, high-impact leadership, and case-method compatibility.
While you can’t predict which specific questions will come up during your interview, you can expect the types of questions to fall into three broad categories representing your past, present, and future. The interviewer will probe in great depth about your career goals, professional choices, and interest in the MBA program. He or she will be very familiar with your essays — so familiar, in fact, that your interviewer will seem determined to find a “hole” in your story.
The anecdotes you share about your past experiences — both successes and failures — will give the interviewer some insight into your self-awareness and maturity. Your story should reveal how you confront life choices, the values and principles that help you negotiate complex situations, your beliefs, and your worldview.
Expect to receive a number of questions that will help interviewers gauge how life has tested you, and how you responded to that test.
As you prepare for the interview, focus on the experiences, anecdotes, and answers that will showcase your strengths. To learn exactly how to successfully wow your interviewer for a shot of admission at this ultra-elite school, click on over to Business Insider to continue reading my article with the best HBS interview tips.
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Image credit: Flickr user Florian Pilz (CC BY 2.0)
March 14, 2017
U.S. News & World Report has released the 2018 Best Graduate Schools rankings, designed to help prospective students research programs across six disciplines and evaluate the potential return on their investment. In this year’s full-time MBA rankings, …
U.S. News & World Report has released the 2018 Best Graduate Schools rankings, designed to help prospective students research programs across six disciplines and evaluate the potential return on their investment.
In this year’s full-time MBA rankings, Harvard Business School and the University of Pennsylvania’s Wharton School have tied for the No. 1 program in the country. The University of Chicago Booth School of Business holds the No. 3 spot, and the Stanford Graduate School of Business drops from last year’s second place to share fourth place with MIT Sloan School of Management and Northwestern’s Kellogg School of Management.
Among part-time MBA programs, the UC Berkeley Haas School of Business once again retains the top spot, followed by Chicago’s Booth School of Business at No. 2. The NYU Stern School of Business and UCLA Anderson School of Management tie at third place.
US News’s Best Business Schools
- Harvard Business School (#1 tie)
- Wharton School (#1 tie)
- Chicago Booth School of Business (#3)
- Stanford Graduate School of Business (#4 tie)
- MIT Sloan School of Management (#4 tie)
- Kellogg School of Management (#4 tie)
- UC Berkeley Haas School of Business (#7)
- Tuck School of Business (#8)
- Columbia Business School (#9 tie)
- Yale School of Management (#9 tie)
The six graduate disciplines U.S. News ranks annually are evaluated on factors such as employment rates for graduates, starting salary and standardized test scores of newly enrolled students. Because each graduate program is different, the rankings methodology varies across disciplines.
Different output measures are available for different fields, U.S. News explains, saying that in business, they use starting salaries and the ability of new MBAs to find jobs upon graduation or three months later.
“A graduate degree can lead to professional advancement and a potential salary increase,” says Anita Narayan, managing editor of Education at U.S. News. “Whether you are interested in pursuing a full-time program or taking classes part-time, the grad school rankings and advice offer guidance on finding programs that help you fulfill your personal goals.”
March 2, 2017
So many people think choosing a well-known or prestigious individual will be the ticket to acceptance at the b-school of their dreams. The key when selecting recommenders is to think about about their placement in …
So many people think choosing a well-known or prestigious individual will be the ticket to acceptance at the b-school of their dreams. The key when selecting recommenders is to think about about their placement in your life. Can they write about you thoughtfully and with enough insight so that the admissions committee can get an authentic feel for you as a person, as well as your skills and capabilities? Truly, the prestige of the recommender is not important.
Professional recommendations are best
In most situations, current and recent supervisors are the best choices because they can speak to your current skills, values, and work ethic as well as future potential. Also you should choose professional references instead of professors. Schools can see your educational background from transcripts and test scores; for that reason a recommendation from a professor won’t add much to your profile. Supervisors who have worked with you recently can elaborate on the aspects of your character that aren’t seen in resumes, transcripts, and scores.
Take a look at this excerpt from a recent post on the MBA Voices blog at Harvard Business School written by second-year student Ali Hassan, in which he describes how he chose his HBS recommenders while at McKinsey:
“When it came to recommendations, I was seeking two types of people. First, I wanted someone who had worked very closely with me, and had a micro-level view of my skillset in day-to-day work. That person would be able to provide great insight, and back it up by pointing to specific experiences they’d had with me.
Second, I wanted someone who had a macro-level view of my work performance over time, with different teams, and across various work settings. If the first recommender provided depth, this one provided breadth. He was able to give a more comprehensive, long-term view of consistent patterns of strengths and weaknesses that I had as I worked with different teams, on different projects, and in different industries.”
People who know you well are best
Choose recommenders who know you well and can provide specific examples that speak to your personality, character, and values. Many applicants are tempted to ask their CEO or a famous school alum to write a recommendation. If the CEO of your company is your direct supervisor and knows you well, then he/she is the right choice.
However do not skip several levels of hierarchy just to have the CEO write your recommendation. In fact, most schools specifically request your current supervisor as a reference, recognizing that this person is the most familiar with you and your work style. If for some reason you cannot have your current supervisor write your recommendation, you can submit a quick note to schools explaining why — eg, you just switched roles and have a new supervisor, you are not comfortable informing your place of work that you are applying to school.
Ideally you have already impressed your recommenders over the past few years with your performance. However, you want to be especially aware this spring and summer to demonstrate your leadership, initiative, maturity, and self-awareness. Your recommenders should see that you are ready to take the next step in your career by going to business school.
Build your relationships
Though the deadlines are still many months away, it is important to start thinking now about who your recommenders will be in order to build your relationships with them. Your recommenders should be invested in your future and enthusiastic about helping you reach your goal of getting into business school.
Though you don’t need to tell your recommenders right now that you want them to write a reference, you can take time this spring to make them mentors. Find opportunities to discuss their career path and ask their advice in order to involve them in furthering your career. Then it will seem natural for them to write your recommendations this fall.