Tag Archives: INSEAD

Evaluate MBA Career Services When Selecting Possible B-Schools

Guest post provided by our friends at Prep Adviser MBA career services have not generally been considered pivotal to your choice of the right business school for your management studies. However, some career centers cater …

MBA career services

Guest post provided by our friends at Prep Adviser

MBA career services have not generally been considered pivotal to your choice of the right business school for your management studies. However, some career centers cater so well to MBA students’ future vocations that they have become an indispensable asset to MBA programs.

Why business schools care about post-MBA careers

There are two major reasons for the growth of MBA career services. The first is that business schools now realize that the career success of their alumni is a major selling point in MBA programs. Ultimately, the return on investment (ROI) and the return in happiness (RIH) determine the value of the overall MBA experience in the short and long-term.

Along these lines, the recession of 2008 – 2009 also encouraged business schools to improve their career services. MBA recruitment was hit by difficult times in the corporate world. So business schools compensated by helping their students land attractive jobs despite the crisis.

The second factor boosting the growth of MBA career services is the MBA’s increased cachet beyond the corporate world. Traditionally, the MBA was a highly valued qualification to climb the corporate career ladder in the Western world. Nowadays, it is valued worldwide in almost any sector and industry. Entrepreneurship and the start-up industry additionally turned out to be fertile soil for the growth of MBA talent. This diversity of career paths and industries has led to MBA career services expanding beyond traditional corporate recruitment.

How to evaluate MBA career services

The MBA is always about change. Contemplating an MBA means that you want to make a career change – move to a new company, take a managerial role, work at an international level, make a career in new country or region, apply your skills in a new industry, or start your own company. You should approach your MBA application with a specific career goal or at least up to three scenarios for your post-MBA path. Your career goal is essential in selecting the right MBA programs.

When selecting business schools always inquire about the scope of MBA career services and evaluate them against your needs. It’s vital to consider the sectors and industries in which the career centre specialises. Some centers have dedicated consultants per industry. SDA Bocconi School of Management (Italy) aims to help students fully understand the industry sectors they are most interested in and evaluate their options based on their profile and aspirations.

MBA participants at Oxford Said Business School (UK) benefit from insights and pragmatic advice of a select group of sector consultants who have experience of working for leading firms across a broad range of sectors across a range of industries including management consulting, finance, high-tech, new ventures, media and communications, and diversified industry in general.

The scope of the services varies greatly. The MBA Career Development Programme at INSEAD (France) spans the whole process – “Know Yourself. Know the Market. Strategise and Execute”. The programs takes MBA students through 5 stages of developing a career plan – self-assessment, career vision, career design, job search, job application, and salary negotiations. B-schools often provide personal and leadership coaching as part of their MBA career development programs.

From job placement to career strategy

Career services have also shifted strategy greatly. Immediate post-MBA jobs are still an important selling point for MBA programs, but they now look to long-term career success. This is also because current and future professionals are likely to change jobs much more frequently than they did 20 years ago. New professions crop up every day, requiring lifelong learning and acquiring transferable skills, as well as a vision of how to navigate your career.

ESADE Business School (Spain) is among the leading business schools aiming to help MBA participants “develop the lifelong skills for successfully managing their careers.

IMD Business School (Switzerland) has developed an MBA career methodology focused on “Building Your Future” that takes MBA participants through two stages: During the first part of the program, a unique career audit methodology provides a clear-cut view on individual skill profiles and gaps and the potential for capturing value from transferable skills. The second half of the program allows you to individualize your curriculum in view of personal post-MBA ambitions.

Significantly, IMD involves its career experts in the MBA admissions process. This helps the admissions committee evaluate the relevance of applicants’ career goals against the resources of the business school to ensure post-MBA career growth.

Who is the driver of career success?

Business schools have developed comprehensive career services but it is essentially MBA participants themselves who should propel their own success. To achieve in the long-run, you should take time and effort to set clear career goals before applying for an MBA. Based on these you should select the most appropriate business schools considering all that they can offer – curriculum, network, learning environment, business exposure, and career services, among others. Finally, start working with the MBA career center as soon as you begin your studies and always be proactive. Business schools care more and more about your success, but ultimately your career and lifestyle are your own responsibility.

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Dealing with Impostor Syndrome at B-School

When you have your sights set on one of the top business schools in the world, you probably feel rather confident that your skills and experiences will sufficiently sway the admissions committee to take a …

When you have your sights set on one of the top business schools in the world, you probably feel rather confident that your skills and experiences will sufficiently sway the admissions committee to take a closer look at your application.

However, despite that confidence, many accepted candidates go through a period of self-doubt once they start learning more about all of the amazing people they will be working alongside in class.

If you take a look at Poets & Quants‘s terrific series highlighting noteworthy members of the Class of 2018, you’ll see that the elite programs worldwide have admitted candidates from all walks of life, from skydivers, former White House employees, chess champions, Navy Seals and rocket scientists, to opera singers, cheese experts, and professional dancers.

With all of these impressive backgrounds, anyone might feel intimidated or experience self-doubt about whether you’re acceptance was…maybe…a mistake? That’s why we think this post from the INSEAD MBA Experience blog is an important read for both applicants and the newly admitted.

Everywhere I turn at INSEAD, I see bright, talented, young people, with rich life experiences, careers spanning several countries and incredible stories. And when I hear all that, I quietly think to myself: “What am I doing here? These people are so amazing, have such incredible career successes, they sound extraordinary compared to my puny engineering background… how did I ever get in?”

Yann Parer, MBA ’17D, writes frankly about impostor syndrome: “A psychological condition in which the subject, usually a high achiever, is convinced that they are not deserving of their success.”

When you’re used to being the smartest person in the room, it’s very unnerving to suddenly find yourself completely surrounded by gifted individuals.  “In the face of such talent and success you feel like your own personal achievements are trivial,” he explains.

Take a look at Parer’s post and see what conclusions he has arrived at regarding impostor syndrome now that he’s six weeks into the INSEAD program. We promise, you’ll feel much better about your own possible affliction!

You may also be interested in:

CBS Professor Offers 5 Tips to Boost Your Self-Confidence
4 Bad Reasons to Skip Applying for B-School 
Don’t Let Fear Derail Your MBA Dreams

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Financial Times 2017 Global MBA Ranking

The Financial Times has once again crowned INSEAD—with campuses in France, Singapore, and Abu Dhabi—as the world’s best business school. This year’s Global MBA Ranking saw strong performances from many European schools, and a surprising …

INSEAD ranked first global MBAThe Financial Times has once again crowned INSEAD—with campuses in France, Singapore, and Abu Dhabi—as the world’s best business school. This year’s Global MBA Ranking saw strong performances from many European schools, and a surprising dip from elite US MBA programs.

Harvard Business School did not crack the top-three for the first time in nine years, and MIT Sloan School of Management fell out of the top ten for the first time in a decade. Perennial favorite London Business School fell three places to sixth—its lowest position in 14 years—giving Judge Business School in 5th place the title of top-ranked UK school for the first time ever.

This year the United States is home to five of the world’s top 10 business schools, but when the Financial Times introduced the global MBA ranking in 1999, only one non-US university, London Business School, made it into the top tier.

The Top Ten in FT’s 2017 Global MBA Ranking

  1. INSEAD
  2. Stanford Graduate School of Business
  3. University of Pennsylvania Wharton School
  4. Harvard Business School
  5. Cambridge University Judge Business School
  6. London Business School
  7. Columbia Business School
  8. IE Business School
  9. Chicago Booth School of Business
  10. IESE Business School

The FT’s ranking is based on surveys of business schools and their 2013 graduates. MBA programs are assessed according to the career progression of their alumni, the school’s idea generation, and the diversity of students and faculty.

A likely explanation for the surge of European schools’ popularity has to do with the growing appeal of one-year degree programs which are more common outside of the United States. Since the FT ranking is based in part on career progression, shorter programs and lower tuition get graduates back in the workplace sooner and can be viewed as a better value for the money.

Top-ranked INSEAD receives high marks for its strong international culture and extensive and diverse alumni; about 95% of its faculty and students are international.  “Insead enormously boosted our intercultural experience,” said one alumni survey respondent from Switzerland. “It is a place to learn global culture better than anywhere else.”

The wealth and depth of knowledge from around the world adds tremendous value to the course, wrote another graduate from the US, adding that “with so many cultures and experiences represented, a classroom ethics discussion about bribery is not your typical boring USA version.”

One-year MBA programs are still a growing option in the United States, but already a few top schools—Northwestern University’s Kellogg School of Management, Cornell’s SC Johnson College of Business, Emory’s Goizueta Business School—have introduced the format to attract candidates put off by the two-year time commitment and forgone salary.

Meanwhile, this year’s ranking reveals that graduates of second-place Stanford Graduate School of Business have the highest salary on average at $195,000, as well as the best career progression. Roughly 42%  of alumni hold positions at director level or above three years after graduation, compared with 22% on average for ranked programs, the FT has found.

“Stanford GSB is both a long-term investment and a personal self-investment,” said one graduate from the class of 2013. “The results put me on a path to achieve full career satisfaction.”

While we don’t like to encourage clients to focus too heavily on rankings when they’re making their MBA program selections, we also know those headed for b-school really can’t help themselves. But placing too heavy an emphasis on rankings can actually become a distraction for some applicants, so be sure to consider multiple factors when making your final school selection.

Conrad Chua, MBA admissions director at the 5th place Judge Business School, had this to say when the 2017 Global MBA Rankings results came in. “We know that rankings are naturally volatile, as you can see from the number of schools that have double digit changes in their rankings every year.

“It is impossible to reduce an MBA experience in whatever school to just a number. Don’t ignore the rankings but make your own judgement of a school from speaking to its staff, its alums and students and make your own decision whether that is the right school for you,” Chua writes.

So remember, keep things in perspective and make sure you’re looking at the data points that are important to your own career path when determining the value of a particular ranking.

You may also be interested in:

The Truth Behind 3 Common MBA Ranking Myths

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Upcoming Video Interview? Add Lots of Practice to Your “To Do” List

If you have an upcoming video interview for schools including INSEAD, Yale SOM, Michigan Ross or Wharton, PRACTICE is essential to success. This awkward format requires you to think on your feet and record your …

video interview prep

If you have an upcoming video interview for schools including INSEAD, Yale SOM, Michigan Ross or Wharton, PRACTICE is essential to success. This awkward format requires you to think on your feet and record your answer to a question (or questions) while speaking into your computer screen. It’s a new format for many and one that requires some rehearsal in order to become comfortable conversing with a computer screen!

Stacy Blackman Consulting has an online video platform that grants you unlimited practice doing exactly this. You can answer from a wide menu of questions, record yourself, watch and assess, tweak and try again. Invest 30 minutes a night and reap the benefits of increased comfort level and more articulate answers when you have your live interview. You can even choose an interview to submit to the SBC team for review and professional written feedback.

Set yourself up for success with this small investment and rock your video interviews! Purchase your package here today.

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Ask the AdCom: Who are Some Famous Graduates of Your Program?

Hey everybody! We’re back with another installment of “Ask the AdCom,” where we share a wide range of tips, trivia, and advice from admissions team members from a dozen top business schools. Since AdCom members are human, too, …

Hey everybody! We’re back with another installment of “Ask the AdCom,” where we share a wide range of tips, trivia, and advice from admissions team members from a dozen top business schools. Since AdCom members are human, too, we know our readers will enjoy seeing  a different side of what makes these guys tick.

This fun space is not really about the application process but more about real-life topics, like what’s a good book to readbest place to study, where you can find a killer meal near campus, and all the fun stuff happening at b-school that creates those lifelong, cherished memories for MBA students.

We hope you become inspired, too!

Blake Mycoskie, founder and Chief Shoe Giver of TOMS Shoes

Today’s question is: Who are your famous alums?

John Roeder, Assistant Dean of Graduate Admissions at SMU Cox School of Business:

  •  Lamar Hunt, founder of the American Football League and owner of the Kansas City Chiefs
  • Gerald J. Ford, Dallas-based billionaire
  • Blake Mycoskie, founder of TOMS Shoes
  • Ray Hunt, founder and CEO of Hunt Oil Company
  • Thomas Horton, Chairman of AMR and American Airlines

Shari Hubert, Associate Dean of MBA Admissions at Georgetown McDonough School of Business:

  • Guy Adami (B ’86), original member of CNBC’s “Fast Money” team
  • Michael Chasen (MBA ’95), president and CEO of Social Radar, cofounder and former CEO of Blackboard (and a member of Georgetown’s Board of Directors)
  • Jim Gaffigan (B ’88), stand-up comedian and actor
  • Ted Leonsis (C ’77), chairman and CEO of Monumental Sports and Entertainment (owner of the Washington Wizards, Capitals, Mystics and the Verizon Center) and vice chairman emeritus of AOL (and chair of the board for Georgetown’s Entrepreneurship Initiative)
  • Ann Sarnoff (B ’83), president of BBC Worldwide North America (and vice chair of the McDonough School of Business Board of Advisors).
  • Maria Shriver (C ’77), NBC News anchor, former first lady of California.
  • Laurence Tosi (B ’90, L/MBA ’94), CFO of Airbnb, former CFO of The Blackstone Group (and a member of Georgetown’s Board of Directors)

 Kelly R. Wilson, Executive Director of Admissions at CMU Tepper School of Business:

  • David Tepper, Appaloosa Management
  • James Swartz, Accel Partners
  • Eric Butler, Union Pacific
  • David Coulter, Warburg Pincus
  • Brian Olsavsky, Amazon
  • Cindy Padnos, Illuminate Ventures
  • Keith Law, ESPN
  • … and don’t forget famous Carnegie Mellon University alums such as artist Andy Warhol, actor Holly Hunter, “Last Lecture” author Randy Pausch, the late astronaut Judith Resnik and director George Romero.

Morgan Bernstein, Executive Director of Full-Time MBA Admissions at UC Berkeley-Haas School of Business:

  • Paul Otellini, MBA 84, former CEO of Intel
  • Shantanu Narayen, MBA 93, CEO of Adobe
  • Barbara Desoer, MBA 77, CEO of Citibank
  • Don Fisher, BS 51, founder of The Gap

Alex Lawrence, Assistant Dean of MBA Admissions at UCLA Anderson School of Management:

  • Susan Wojcicki, MBA 98, CEO of YouTube
  • Larry Fink, MBA 74, Founder, Chairman and CEO of Blackrock
  • Bill Gross MBA 71, co-founder PIMCO

Judi Byers, Executive Director of Admissions and Financial Aid at Cornell’s Johnson Graduate School of Management:

  • Ken Derr MBA ’60, retired Chairman and CEO, Chevron Corporation
  • Michael Chen, MBA ’85, CEO, Chen & Associates. Former President, Strategic Initiatives Group, NBC
  • Daniel Hesse, MBA ’77, former President & CEO, Sprint
  • Ruth Bader Ginsburg ’54, United States Supreme Court Justice
  • Abby Joseph Cohen ’73, President of the Global Markets Institute, Goldman Sachs & Co.

Virginie Fougea, Associate Director of Admissions  at INSEAD:

  •  Tidjane Thiam, MBA ’88J, CEO Credit Suisse
  • Barbara Kux, MBA ’84J, Board member of Total and Henkel and one of Fortune’s “most powerful women in business”
  • Henry Engelhardt, MBA ’88J Admiral Insurance co-founder
  • Grita Loebsack, MBA ’95D,  CEO of Kering Luxury – Couture & Leather Goods
  • Carole Ramella, MBA ’06D, Founder & Managing Director, GFA Consulting Ltd, a company based in Ghana that helps African businesses raise funds.
  • Philippe Houzé, MBA ’74, President of Galeries Lafayette

Look out for the #AskAdCom in our social media channels, and we’ll keep you posted when we check in again to Ask the AdCom about even more interesting, unusual and inspiring happenings at their MBA programs.

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Make 2017 the year you achieve your most ambitious professional goals! Take the first step by signing up for a completely free consultation with one of our all-star advisors. We can answer questions, provide advice and help set you up to make your MBA dreams come true in 2017. Sign up today at: www.stacyblackman.com/contact

Image via Flickr user Andy Sternberg, (CC BY-NC-SA 2.0)

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Ask the AdCom: Share a Cool Company Born of Your MBA Program

Hey everybody! We’re back with another installment of “Ask the AdCom,” where we share a wide range of tips and advice from admissions team members from a dozen top business schools. Since AdCom members are human, too, we …

Hey everybody! We’re back with another installment of “Ask the AdCom,” where we share a wide range of tips and advice from admissions team members from a dozen top business schools. Since AdCom members are human, too, we know our readers will enjoy seeing  a different side of what makes these guys tick.

This fun space is not really about the application process but more about real-life topics, like what’s a good book to readbest place to study, where you can find a killer meal near campus, and all the fun stuff happening at b-school that creates those lifelong, cherished memories for MBA students.

We hope you become inspired, too!

Today’s Question is: What’s a cool entrepreneurship project or company born out of your MBA program?

entrepreneurship at bschool

Kelly R. Wilson, Executive Director of Admissions at CMU Tepper School of Business, says that ModCloth – a vintage clothing, ecommerce business with hundreds of millions in annual revenue – sprang from the Tepper School MBA program.

Judi Byers, Executive Director of Admissions and Financial Aid at the Cornell Johnson Graduate School of Management, asked second-year MBA student Najeen Riazi for feedback, and she gave a shout-out for Big Red Bullet: Another bridge to NYC! and Nutribridge: an international effort to solve child nutrition and women’s financial independence at the same time.

Virginie Fougea, Associate Director of Admissions at INSEAD, says recent examples include Blablacar, a ridesharing service with the concept of connecting people who need to travel with drivers who have empty seats (Founder and CEO Frederic Mazzella, INSEAD MBA’07D). Or, Michel et Augustin, a French food brand, started by Michel de Rovira, MBA’04D but there are many others.

 Rodrigo Malta, Director of Admissions at UT McCombs School of Business, says that theTexas MBA powered start-up Beatbox Beverages struck a deal with business mogul Mark Cuban on the hit ABC show Shark Tank in October. For a one-third stake in the company, Cuban invested one million dollars. The three Texas MBA alums impressed the panel of judges with their entrepreneurial know-how and their clear strategy for the future of their company to ensure continued success. Beatbox has definitely been “booming” since the show aired, Malta says.

Morgan Bernstein, Executive Director of Full-Time MBA Admissions at UC Berkeley-Haas School of Business, shares many successful student startups: Revolution Foods, founded by ’06 MBA grads Kristin Groos Richmond and Kirsten Saenz Tobey, provides healthy meals for kids; Ashesi University in Ghana, a non-profit, private university, was founded by Patrick Awuah, MBA ’99; crowdfunding website Indiegogo was founded by Danae Ringelmann and Eric Schell, both MBA ’08; and Back to the Roots, purveyor of ready-to-grow and ready-to-eat products, from mushrooms to cereal, was founded by Alejandro Velez and Nikhil Arora, both BS ’09.

Shari Hubert, Associate Dean of MBA Admissions at Georgetown McDonough School of Business, points to alumni Michael Chasen of Blackboard; Egon Durban of Silver Lake, Jason McCarthy of GORuck; and Logan Soya of Aquicore.

John Roeder, Assistant Dean of Graduate Admissions at SMU Cox School of Business, points to Gabriella Draney Zielke, who is co-founder and CEO of Tech Wildcatters – a Top 10 seed accelerator for technology startups, and who recently launched Health Wildcatters, a healthcare-based seed accelerator.  Gabriella worked with the Caruth Center for Entrepreneurship at Cox while she pursued her MBA at Cox with a Strategy and Entrepreneurship concentration, Roeder says.

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The variety and success of these b-school bred companies is really inspiring, right? Look out for the #AskAdCom in our social media channels, and we’ll see you again next week when we check in to Ask the AdCom about some of the little-known fun facts about their schools!

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