Tag Archives: MBA News Bites

Tuesday Tips: NYU Stern MBA Essay Tips

As the NYU Stern MBA website states, “Stern develops leaders who make an impact on business and beyond.” Evolving from a pure finance school into one that focuses on areas like entertainment and technology, Stern …

As the NYU Stern MBA website states, “Stern develops leaders who make an impact on business and beyond.” Evolving from a pure finance school into one that focuses on areas like entertainment and technology, Stern takes advantage of the vibrant and changing business opportunities in New York City.

The individual components of your application will be academic ability, professional achievements and career aspirations, and personal characteristics. Stern provides podcasts to describe each component on the admissions website, and it’s worth starting your research there. While your academics will be evaluated mainly through your GMAT and GPA, the essays are a crucial part of your application strategy.

After making the personal expression part of the application optional last year, NYU Stern has added it back as a required essay this year. The personal expression essay offers you the opportunity to present yourself creatively, but requires you to apply structure to a completely open-ended question. It’s a great test for a life solving business problems after your MBA.

Essay 1: Professional Aspirations
(750 word maximum, double-spaced, 12-point font)
• Why pursue an MBA (or dual degree) at this point in your life?
• What actions have you taken to determine that Stern is the best fit for your MBA experience?
• What do you see yourself doing professionally upon graduation?

Why MBA, why now, is an important question to answer. While many people seek an MBA degree, NYU wants to invest in those who can use it most effectively. Perhaps you’re seeking an MBA for networking or professional credibility, or maybe you want an MBA to learn specific skills to change careers. Whatever your own personal reasons may be, make sure you can point to specific aspects of the MBA education both generally and specifically at Stern that are necessary to achieve your goals.

Note that this question specifically asks about your interest in pursuing an MBA at this point in your life. Why is now the right time for you, both personally and professionally? What will an MBA add to your already successful career trajectory to get you to the next level? If you are an older applicant you will need to spend time carefully communicating that you realize what an MBA can and can’t do for you at your professional level, and that you have a plan to leverage the MBA professionally in your next job.

This essay also offers an opportunity to demonstrate your fit with NYU Stern and describe why NYU Stern is the right place for you to spend the next two years of your life. Certainly personal experience of the campus through visits or student touch points would be ideal, but even if you are halfway around the world you can illustrate the many ways in which you learned about the NYU Stern experience.

Your post MBA goal should be both achievable and demonstrate the need for an MBA. An MBA from NYU Stern will open professional doors for you, and you should demonstrate that you are ready to take advantage of those opportunities. Think about a logical sequence that starts with your past work experience, then your MBA education and ends with your immediate post MBA goal. Ideally your goal pulls from both your current work experience and the skills you will gain in the NYU MBA program.

Essay 2: Personal Expression
Please describe yourself to your MBA classmates. You may use almost any method to convey your message (e.g. words, illustrations). Feel free to be creative.

If you submit a non-written piece for this essay (i.e., artwork or multimedia) or if you submit this essay via mail, please upload a brief description of your submission with your online application.

Open-ended essays like this one can be intimidating. You are allowed any method to introduce yourself to your classmates, and you’re probably wondering what the best medium for your message is.

However, your content is king in this essay. The best first step is to brainstorm the information you want to convey. Reflect upon your unique personal qualities and what is valued most by your friends and family. How would you want your classmates to see you? What are some of the personal stories you would share with a new friend?

Once you have established the content you want to use for the NYU Stern essay 3, it’s time to consider the medium. If you are a visual person you may chose a drawing, painting or photo series. If you are a creative writer perhaps it’s a poem or short story. If none of the “creative” approaches feel right to you, feel free to write a standard essay where you explain who you are and introduce yourself to your classmates. The medium is not the most important aspect of this essay. What is most important is the message and content of your composition to demonstrate your motivations and who you are to the admissions committee.

Stacy Blackman Consulting has helped countless aspiring NYU Stern MBA students to showcase personal and professional stories that cut through the clutter. Contact us to learn more.

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MBA News Bites

Stacy Blackman’s Weekly Roundup of B-School Intelligence Stanford retires Certificate in Global Management —  The latest entry on the Stanford MBA Admission Blog reveals that the GSB has decided to retire the Certificate in Global …

Stacy Blackman’s Weekly Roundup of B-School Intelligence

Stanford retires Certificate in Global Management —  The latest entry on the Stanford MBA Admission Blog reveals that the GSB has decided to retire the Certificate in Global Management beginning with the MBA Class of 2011. “Even at its inception, our hope was for obsolescence once the MBA curriculum and our students were more global in perspective and experience,” says John Roberts, Faculty Director, Global Management Program.

More Americans going abroad for their MBA — Americans are leaving the United States to study MBA programs at top business schools overseas in greater numbers than ever before, according to Ross Geraghty‘s recent article on the QS website. Why is that? Geraghty says a perceived lack of global awareness and diversity may account for some of the U.S.’ top talent seeking pastures new for their management education.

Bleak job market for India’s MBAs — Students at Indian business schools are having just as hard a time as their American counterparts landing jobs after graduation, and they are facing one of the most painful recruiting seasons in years, BusinessWeek has reported. What a difference a year makes; last spring Indian B-school students had their best recruiting season ever.

The power of the spoken word — This year, UCLA’s Anderson School asked applicants to submit their essays in audio format, the Financial Times reports. The scheme was voluntary, and about 70% of applicants for the class of 2011 chose to record their essays rather than submit them in a text format, says Mae Jennifer Shores, admissions director. “It was a joy for us,” says Shores.

Tuck auction raises funds for students interning at nonprofits — The ninth annual Tuck GIVES auction (Grants to Interns and Volunteers for the Environment and Society) recently raised over $49,000 through a combination of silent and live auctions. The student-run event provides an opportunity for members of the Tuck community to support students who accept nonprofit, service-based summer internships.

Managing to results leads to crisis — In a new London Business School podcast, Zeger Degraeve, Sheikh Mohammed bin Rashid Al Maktoum Professor of Innovation, discusses why the practice of managing to results leads to crisis and how people should be rewarded for the decisions they make, not the results they obtain. Decisions and results are two very different things, he says.

New Middle East partnerships for Duke UniversityDuke University entered into agreements this week with the Centre of Excellence at the Dubai International Finance Centre (DIFC) and the Mohammed Bin Rashid Programme for Leadership Development (MBRPLD) to establish the university as a leading presence in the delivery of business and policy education programs in Dubai.  Fuqua’s global programs including The Duke MBA ”“ Cross Continent, The Duke MBA ”“ Global Executive, the Advanced Management Program, and the Global Leadership Program will run at the DIFC Centre of Excellence.

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For a concise, thoughtful guide that will help you navigate the MBA admissions process with greater success, order our NEW book, The MBA Application Roadmap.

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MBA News Bites

Stacy Blackman’s Weekly Roundup of B-School Intelligence MBA can help women in any business — Kellogg School of Management‘s Women’s Leadership Workshop, held April 24-25, encourages women from ”˜nontraditional’ backgrounds to consider business school. “You …

Stacy Blackman’s Weekly Roundup of B-School Intelligence

MBA can help women in any businessKellogg School of Management‘s Women’s Leadership Workshop, held April 24-25, encourages women from ”˜nontraditional’ backgrounds to consider business school. “You may not want to go into finance, but understanding how decisions impact your bottom line is going to help you be successful in any business,” says Jennifer Stoltz, senior associate director of admissions at Kellogg and one of the event organizers.

Courting women and minority candidates — Business schools, traditionally a bastion for white males, are working hard to make their classrooms reflect the real world””the world employers recognize, too, U.S. News reports. Women and underrepresented minorities do not apply to business programs as often as their counterparts do, so as a result, diversity and parity efforts rely heavily on outreach.

Building leadership skills for a good cause Twelve UNC Kenan-Flagler Business School students raised more than $33,500 in less than two days as part of a new Leadership Immersion course that tests and builds leadership skills. In this unique course, students spend an entire quarter of their second year as MBAs, working solely on their leadership skills. The money will fund a trip to Walt Disney World for six children with life-threatening medical conditions through the Make-A-Wish Foundation.

Stern opens new Volatility InstituteNYU Stern School of Business recently announced the launch of a new research center, the Volatility Institute. Particularly unique is the innovation of the Institute’s Volatility Lab, called Vlab for short, which measures and forecasts financial volatility and correlations in real time for a wide spectrum of assets including equities, exchange rates, commodities and bonds.

Confidence finally on the rise — According to the latest Leadership Pulse study conducted by Theresa Welbourne, Ph.D., a research professor at the USC Marshall School of Business, the confidence of global business leaders is on the rise. Says Welbourne, “The economic downturn has created a strong sense of urgency among leaders, similar to what one sees in the military when combat units exhibit greater closeness and a stronger focus when facing a formidable enemy. External threats ignite an inner drive to win.”

Babson opts for federal loan programBabson College, ranked by U.S. News & World Report magazine this week as the number-one MBA program for entrepreneurship for the 16th year in a row, will offer its students federal loans through “Direct Lending” starting with the 2009-10 academic year. Loans will be made directly through the federal government rather than through commercial lenders. in order to assure that federal education loans will be available to every qualified student.

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For a concise, thoughtful guide that will help you navigate the MBA admissions process with greater success, order our NEW book, The MBA Application Roadmap.

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MBA News Bites

Stacy Blackman’s Weekly Roundup of B-School Intelligence International loan programs at HBS and Chicago Booth — This week, Chicago University signed an agreement with JPMorgan Chase to provide international students with access to private educational …

Stacy Blackman’s Weekly Roundup of B-School Intelligence

International loan programs at HBS and Chicago Booth — This week, Chicago University signed an agreement with JPMorgan Chase to provide international students with access to private educational loans requiring no co-signer. Farther north, an agreement between Harvard University and Harvard University Employee Credit Union also increases accessibility for international students to loans that don’t require a U.S. resident as a co-signer.

Anderson report predicts lingering unemployment — The latest Anderson Forecast from UCLA’s Anderson School of Business warns that the recession is likely to continue unless world trade can be revived along with national economies. Regardless of the steps taken by the U.S. government, national solutions will not be enough to restore growth and therefore global solutions are essential, the Report contends.

Haas entrepreneurs’ business idea is taking rootHaas School of Business seniors Alex Velez and Nikhil Arora have launched a company with a conscience that will help turn used coffee grounds into mushrooms for public sale, The Daily Californian reports. “We’re taking one of the largest waste streams and … turning that into a nutritious food source and a valuable product too,” Arora said.

Making ethics an admissions requirement — In a new installment in Harvard‘s ongoing debate on how to fix business schools, Claudio Fernández-Aráoz, author of “Great People Decisisons,” says schools should revamp their admissions processes to make sure that they admit a larger proportion of individuals with the right values in the first place.

Programs with a biotech focus — More and more schools offer joint-degree programs combining science and business studies aimed at teaching biotech entrepreneurs and managers how to take advantage of the money out there, Wall Street Journal reports. These programs generally attract students from a science background who are looking to add the business specialization, or lawyers and bankers looking to develop a niche in the area.

Kellogg grad sees potential in wind powerAs part of Monday’s Executive MBA Luncheon Speaker Series, EMBA alum Adrian LaTrace gave a behind-the-scenes look at the wind turbine industry. With policymakers’ support and committed government spending, experts like LaTrace say that the next big boost in the economy could come from developing renewable energies, including wind turbines.

Memo to the board: marketing is fundamentalTim Ambler, senior fellow in marketing at London Business School, explains in a new podcast why marketing should be a higher priority in the boardroom. “Marketing is absolutely fundamental for all organizations, it is the source of cash flow and boards need to worry about getting the cash to come in more than they worry about how it is spent,” Ambler says.

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For a concise, thoughtful guide that will help you navigate the MBA admissions process with greater success, order our NEW book, The MBA Application Roadmap.

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MBA News Bites

Stacy Blackman’s Weekly Roundup of B-School Intelligence New custom loan program for international MBAs at Wharton — The Wharton School of the University of Pennsylvania announced the launch of a custom loan program with Digital …

Stacy Blackman’s Weekly Roundup of B-School Intelligence

New custom loan program for international MBAs at Wharton — The Wharton School of the University of Pennsylvania announced the launch of a custom loan program with Digital Federal Credit Union (DCU) that will provide needed assistance to international MBA students who do not have a U.S. co-signer.  The program, which covers tuition and living expenses, is also available to current first-year international students for their second year of study.

Harvard begins case study to examine its own damaged brand — Under attack for not preparing alumni to handle the economic crisis, Harvard Business School will dissect its own performance in a case study that also ponders how the school’s reputation has been tarnished, Bloomberg reported this week.The article states that HBS’s 219 professors will tackle the case at a May 27 meeting and may use the discussion to propose curriculum changes.

B-schools advising grads to focus on small business opportunities — With the dream jobs on Wall Street all but dried up, career offices are encouraging students to consider smaller businesses come recruiting time, BusinessWeek reports.  Tracee Petrillo, career services director at Babson College’s F.W. Olin Graduate School of Business, tells BW smaller companies have access to a lot more talent than they ever had before.

Doing an MBA now puts you at the eye of the intellectual storm — Doing an MBA in the current climate isn’t just about taking shelter from the storm, QS Top MBA’s David Williams reports. Dr. Rob Straw, vice director of the Executive School of Management at the University of St. Gallen, says “You are right up close to the volatility of the market, working with and talking to people who are immediately involved in the crisis, and yet you are not personally affected. You can see the sweat but aren’t sweating yourself.”

Mentorship 101, according to The Harbus — This week’s issue of Harvard Business School‘s independent weekly explores mentorship in an interview with Larry Chiang, author of the upcoming book, “What They Don’t Teach You at Stanford Business School.” “People focus on finding a job, but if you find a great mentor, finding a job is the easiest thing you can do, and it’s absolutely essential to entrepreneurship, ” says Chiang.

The dearth of female MBAs in the UK —  Many UK business schools struggle to name any high-flying women MBA graduates they have trained and produce the same small handful of achievers over and over again, Britain’s The Independent reports. But is blatant discrimination is still rampant in the workforce? A variety of academics weigh in on the issue.

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For a concise, thoughtful guide that will help you navigate the MBA admissions process with greater success, order our NEW book, The MBA Application Roadmap.

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MBA News Bites

Stacy Blackman’s Weekly Roundup of B-School Intelligence New ranking names top international school for US MBA students — HEC Paris has been voted the top business school outside the United States for the teaching of …

Stacy Blackman’s Weekly Roundup of B-School Intelligence

New ranking names top international school for US MBA studentsHEC Paris has been voted the top business school outside the United States for the teaching of marketing by over 19,000 business school students in the latest survey by The Princeton Review. The school was one of only two non-US schools to feature in the complete ranking, which also covered subjects such as general and global management, finance and accounting, and operations.

Consumers value messages focusing on time, not money — New research from the Stanford Graduate School of Business shows that ads focusing on “experiencing” products rather than possessing them generates a more positive response with people. “Because a person’s experience with a product tends to foster feelings of personal connection with it, referring to time typically leads to more favorable attitudes””and to more purchases,” says researcher Jennifer Aaker, the General Atlantic Professor of Marketing at Stanford GSB.

Yale seminar to focus on business scope in India — Yale School of Management will organize a seminar on Friday April 3 on emerging business opportunities in India during the current economic crisis. The seminar will focus on the impact of the global financial crisis on the Indian economy and discuss the opportunities and challenges faced by foreign investors in India.

Exploring the messaging strategy of terrorists –At a recent Kellogg School of Management conference on political economy, associate professor Sandeep Baliga explored the issue of what message terrorists are trying to send, and how national leaders should respond. Baliga, who uses game theory to predict the outcomes of terrorist aggression, presented his research on decoding terror. He says a key component of terrorist strategy is to deliver a message to an audience other than the target to draw attention and support.

Owen graduate school program moves to alternating Saturday format —  To accommodate the intense work schedules of rising executives, the Vanderbilt Owen Graduate School of Management is transitioning its Executive MBA program to an alternating Saturday-only format. Owen decided to make the change after listening to the concerns of current and prospective Executive MBA students who wanted to earn a graduate degree without disrupting their job responsibilities.

UT MBA students learn real-life lessons about investing — The Austin American-Statesmen has a profile on MBA candidates running the MBA Investment Fund at the McCombs School of Business. These students learn real-life lessons about investing while managing millions of dollars in three separate funds consisting of money from 60 investors for an entire fiscal year, from March through the end of February.

Entrepreneurship to the rescue?Stefan Stern’s recent Financial Times editorial remarks on the special report on entrepreneurship in The Economist and questions how comfortable business leaders are these days with the idea of encouraging, much less investing in, new ventures at a time like this.

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For a concise, thoughtful guide that will help you navigate the MBA admissions process with greater success, order our NEW book, The MBA Application Roadmap.

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