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Commencement 2008

Monday, May 12th, 2008

Yes! It’s that time of year again:  those shiny and vaguely medieval gowns, tassels, chilled champagne in plastic cups, pictures with family, and the solemn and inspiring words of a business luminary.  Class of 2010 - the light at the end of the tunnel might seem dim at the moment, but you’ll be snacking on cheese cubes and bidding farewell to your business school before you know it…

Here’s a taste of the lineup for this year’s MBA commencement keynotes (the links below will direct you to the commencement speaker announcement):

1.  HBS - Ann Moore, Chairman and CEO of Time Inc.

2.  Wharton - Utah Governor John M. Huntsman, Jr.

3.  UC Berkeley Haas - Mort Zuckerman, editor-in-chief of U.S. News & World Report

4.  Kellogg School of Management - Jeffrey Immelt, CEO of General Motors

5. Tepper School of Business (Carnegie Mellon) - Jeff Bezos, founder and CEO of Amazon.com

6.  McDonough School of Business (Georgetown) - Kenneth I. Chenault, Chairman and CEO of American Express.

Congratulations class of ‘08!

U.S. News & World Report Rankings 2009

Tuesday, April 8th, 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 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%).

Curious about other rankings? Check out Financial Times (global rankings), Business Week (click “Full-Time MBA” tab), and Forbes.

Waitlist Tips

Wednesday, December 19th, 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 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!

More advice from Kellogg and Chicago

Wednesday, December 12th, 2007

The Kellogg and Chicago 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 in your essays. Don’t try to write essays that show who you think Kellogg and Chicago 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 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 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.