Tag Archives: MBA application
February 20, 2017
This post originally appeared on Stacy’s “Strictly Business” MBA Blog on U.S.News. Everyone has an opinion about submitting an MBA application in round three, and a lot of the conversation circles around how competitive it …
This post originally appeared on Stacy’s “Strictly Business” MBA Blog on U.S.News.
Everyone has an opinion about submitting an MBA application in round three, and a lot of the conversation circles around how competitive it is. If you tried your best but you just couldn’t pull together all of your business school materials before round two deadlines hit, you might wonder whether round three is the answer.
By the time the final admission round starts, admissions committees have seen thousands of qualified applicants in the first two rounds, have a fairly good idea of what the incoming class will look like and also compiled a waitlist of additional qualified candidates.
Before round three closes out, a certain percentage of people admitted in the first two rounds will have already committed to a program. In short, precious few spots remain when the admissions committees finally turn their attention to final-round applications.
As such, deciding whether to apply in the final round requires serious reflection and sound reasoning. Consider these three signs that you should not apply to business school in round three.
1. You had no luck with earlier round applications. This is a guaranteed red flag that your MBA application needs more work, and applying in the final round will likely yield the same results.
It’s a huge mistake to think that fewer applicants in round three means less competition and better chances of admission. As we’ve mentioned before, successful round three applications offer the schools something that has truly not appeared in applicants from the previous rounds.
The admissions committees know what they need to round out the class. They have become good at estimating numbers and evaluating and accepting applicants who fit their criteria.
Only the strongest, most compelling candidates make the cut, so if your applications didn’t generate sufficient interest in earlier rounds, they certainly won’t amid the exceptional candidates at the end of the season. Instead, you should regroup, restrategize and apply again next year.
2. Your test scores are middling and you’ve only tested once. The majority of applicants plan to take the GMAT or GRE a second time if their initial test scores aren’t in the 80-percent range for their target MBA programs. Like it or not, test scores greatly influence admissions decisions. As we’ve discussed in prior posts, preparing early and adequately for the entrance exam is critical.
While each year we hear of that miracle case where someone gets into Harvard Business School with a 650 on the GMAT, it’s likely that the person’s profile was so extraordinary in every other way that it offset the low score. Devote ample time to test prep this spring and bring that crucial application component in line with what the admissions committee expects to see from successful candidates.
3. You’re rushing to get all of your materials together. The golden rule in MBA admissions is apply only when your application is as strong as possible – and not a moment before.
Maybe projects at work have kept you ultra-busy these past few months. Perhaps one of your recommenders seems less enthusiastic about your b-school plans and you need to find a new one. Or maybe you just haven’t devoted as much time as you’d like to those important extracurricular interests that the admissions committee loves to see.
Think of every part of the MBA application as precious real estate. If you’re rushing any one component just to get everything submitted on deadline, the quality will suffer.
Take a breather, get your materials together in a thoughtful manner and wait for round one deadlines. This extra time will allow you to approach the application more strategically, and will certainly yield a more positive outcome than a sloppy last-round application will.
Finally, if you do decide to throw your hat in the ring, be sure to have a Plan B in case things don’t go your way. Developing resilience is incredibly important if you need to reapply, but it’s also essential in life.
Even when you put your best out there, you might still fail. However, to be successful, you need to learn how to bounce back and try again.
January 13, 2017
Once you’ve decided to pursue an MBA, you’ve got your work cut out for you. Applicants need to fit studying for the GMAT, visiting schools, and developing essays in with other personal and professional commitments. …
Once you’ve decided to pursue an MBA, you’ve got your work cut out for you. Applicants need to fit studying for the GMAT, visiting schools, and developing essays in with other personal and professional commitments.
If you’re planning to apply to business school in the fall, come up with a game plan for completing the admissions components within a schedule that doesn’t necessitate sleepless nights and a jumbo bottle of Maalox. The best way to do this is to put together your MBA application timeline several months before your target deadlines.
Community Involvement: Now is a great time to deepen or establish your involvement with a community organization. If you have been involved with outside activities over the last couple of years, consider stepping your activities up a notch. Consider roles that will allow you to take a leadership position and create real impact before September. Offering to organize an event is a great discrete activity that will allow you to work in a team, have an impact, and show results.
Allot time for essays and the GMAT: The amount of time MBA aspirants will spend on their applications will vary, depending on writing abilities and general work efficiency. That said, plan to spend between 40 and 60 hours preparing four to eight applications. Non-native English speakers will also likely need to allot more time on their applications, particularly on writing, revising, editing, proofing, formatting, and inputting essays.
The other piece of this puzzle is, of course, the GMAT. Have you completed the GMAT and are you satisfied with your score? If you still need to take the GMAT, you have a lot of work ahead of you, as applicants typically devote at least 100 hours to test preparation. Depending on where you are in the process, you may have to take a prep class and perhaps take the test more than once. The good news is, Round One is still nine months out so you have time if you get serious soon.
Bolster your quant profile: An undergrad GPA hovering around 3.5 is generally considered fine. If your GPA is a 3.2 or below, or you majored in liberal arts, you may want to consider taking quantitative classes to enhance your academic profile. The MBA canon generally consists of Calculus, Statistics and Microeconomics.
If you took any of those classes in undergrad and scored a C or below you should certainly re-take the classes now. Where you take the class is much less important than the course material and grade (aim for A’s!!). The local community college is a great option.
Structure your work sessions: Some people work most efficiently when they can break up tasks into smaller, more manageable pieces, while others prefer to devote several hours to their writing in one sitting. MBA applicants should be aware of the way they work most effectively and structure their writing and editing sessions accordingly.
I typically recommend that candidates allocate two to three hours each time they sit down to work on their essays, particularly for the first few drafts. Essays should be approached holistically; you won’t have a compelling final product if you’ve only snatched 15 minutes here and 30 minutes there.
Conversely, most applicants should also avoid the “marathon session.” Few people are still sharp or creative eight hours into a writing and editing session. If you need to make up for lost time, try breaking it up with a session in the morning and another in the evening.
Allow some distance: Applicants should also build several weeks for reflection and feedback into their MBA timeline. If you can come back to your essays days later with fresh eyes, you’ll often think of a better example or more inspired language to illustrate a certain point. This won’t happen if you’re forced to work at warp speed.
Distributing your writing and editing over a reasonable period also makes it easier for friends, family, or colleagues to provide feedback. It’s unfair to ask someone to turn around comments in a 24-hour period, so provide them with a few days to give you their critiques. Leave yourself adequate time to reflect upon and incorporate their feedback.
The b-school application process is stressful, but careful planning will make the experience manageable and help you channel your energies into continually improving your candidacy until the moment you submit your applications.
December 20, 2016
At Stacy Blackman Consulting, we do a lot of thinking about leadership – what is leadership, how best to showcase it, why it matters, and more. If asked what is the single most important quality for business school applications, I would say leadership. While some schools emphasize it more than others, leadership is extremely important to every school. They are grooming overall leaders, not just number-crunchers, marketers or statisticians.
When faced with any iteration of the leadership question on their MBA essays, many applicants freak out because they imagine they’ve got to come up with an example that is basically their greatest life or professional achievement. But just because you achieved something outstanding does not always mean leadership skills were involved, especially if you did most or all of the work. Also, leadership often gets confused with management, but being a great leader is not just about managing something, although that can be a part of it. It’s about leaving a footprint on whatever situation you’re in and doing more than a good job.
Remember, leadership is never a solo effort. One of the central tenets of leadership essays is showing that you can galvanize the actions of other people. You bring out their passions. You educate them. You help them see organizational priorities in new ways. And then they share in the achievement. You’re inspiring others and bringing out the best in them. These two points are critical and help to explain how leadership differs from just any great achievement.
The most impacting leadership essays will have heroes other than yourself. If you helped Henry in accounts receivable realize his full potential on a project you led, showcase him as a hero in your leadership tale. In the best of all worlds, people create a good balance between these types of essays at the beginning of their application process, even before they start writing. However the good news is that, in many instances, you can still adjust your application fairly late in the process to achieve the appropriate balance between individual achievement and leadership.
Adding in a few sentences here and there about enabling others, or educating and defining priorities for group endeavors, will go a long way toward rounding out your profile. What kind of experiences will make the best tales of leadership? Think about challenges where the following came into play:
- Identifying/defining a problem
- Resisting conventional approaches; challenging status quo
- Marshaling resources to address problem
- Motivating others
- Making good use of others’ talents
- Being open to new information, input, etc.
- Building consensus with appropriate stakeholders
- Guiding strong mid-course corrections; overcoming mistakes
- Building on success
Keep in mind, leadership is not just about the titles. Some candidates try to build their leadership essays around the fact that they were selected for or elected to certain positions where they had a high level of authority and responsibility: editor-in-chief of a college paper, fraternity president, captain of the hockey team, director of product development, V.P. of marketing, etc. Collecting impressive titles does not make someone a great leader—helping a team overcome great challenges does.
Don’t get hung up on coming up with wildly impressive situations, even if you’re applying to the most elite MBA program in the world. You can solve smaller problems and still show leadership potential. I remember one candidate who was applying to business school with just six months of work experience under her belt. As a result, she had few obvious leadership examples, but she had taken it upon herself to overhaul an Excel spreadsheet for the investment bank where she worked.
To do this, she had to state the problem, come up with a solution, and sell others, including supervisors, on her idea. Her improved spreadsheet—containing market information including Treasury rates—saved time, became a great internal resource, and helped the bank communicate better with clients. Taking the initiative to change this spreadsheet was what she wrote about in her application.
You can also look to your extracurricular activities to show leadership without clear career progression. Starting a club, organization, or charitable group works, too. If you have been involved in an activity as a member, think about taking on a leadership role. This is your opportunity to demonstrate that you can run a project and motivate a team.
One of my clients launched an English club in his native China because he needed to improve his language skills for business school and thought his neighbors might benefit, too. The club grew, and he made his mark in the community, which was something he could point out to admissions committees. He showed he could inspire and motivate others, organize a group, and learn a new language to boot. The applicant ultimately was accepted at Harvard Business School.
When it comes to evaluating your application, members of the MBA admissions committee believe your past leadership achievements are the best gauge of your potential for realizing your future ambitions. You can’t go wrong if you use your essays to show how you’ve worked to inspire others and bring out the best in them.