Tag Archives: US News Strictly Business
October 27, 2014
This post originally appeared on Stacy’s “Strictly Business” MBA Blog on U.S.News.com Background checks in MBA admissions are more common for some schools than others, but their overall use is growing. Some programs vet every …
This post originally appeared on Stacy’s “Strictly Business” MBA Blog on U.S.News.com
Background checks in MBA admissions are more common for some schools than others, but their overall use is growing. Some programs vet every admitted applicant, others randomly select a percentage of candidates and still others delve further only when something seems to raise a red flag. The process usually take place in the spring, after all application rounds have passed and candidates begin sending in their deposits.
The vast majority of people shouldn’t stress over this verification process. Business schools aren’t on a mission to grill candidates about every last detail of their applications. They simply want to ensure that applicants have honestly represented themselves, their experience and their accomplishments.
[Learn to overcome the fear of MBA admissions failure.]
Sometimes applicants are screened because their profile is unusual or difficult to verify, such as if their work experience included time in a startup or at a failed startup, in a small family firm or at a company abroad, and the admissions office simply needs to clarify and confirm the details.
Typical reasons for rejecting a candidate include ethical lapses or questionable behavior, not disclosing a layoff or firing, evidence of plagiarism and not disclosing a criminal conviction. Willful deception or lying by omission will jeopardize your admission – not minor discrepancies such as being off by a month when listing your employment dates. Most schools give applicants a chance to explain any plausible mistakes.
Though I can’t share specific examples due to confidentiality issues, I have had clients who have had problems with background checks. In some cases, an offer of admission was revoked following the background check. In one situation, the student had already started school and was escorted out due to an omission on the application. It wasn’t because of a lie, but rather that this person failed to include information the program would have wanted to know about during the application process.
[Dodge three surprising application mistakes MBA students make.]
According to a Wall Street Journal piece published earlier this year, Stanford Graduate School of Business began instituting background checks within the past decade under Dean Derrick Bolton, and now all accepted students go through verification tests. Business schools can investigate application details that include everything from recommenders, employment and education history, extracurricular and professional involvements, leadership roles and even authenticate anecdotes from application essays.
The Wall Street Journal piece goes on to note that the school typically rescinds offers to a few students each year based on these tests, but the omissions are the hardest to deal with. Bolton told the Journal that two candidates last year did not disclose prior graduate studies, even though they had each graduated with top marks.
“There was no issue had it been disclosed. The issue was the deception,” he’s quoted as saying, and their acceptance offers were rescinded.
If you’re on the fence about whether to include or explain something in your application, chances are you probably should mention it. When the issue is something like poor academic performance or a gap in employment history, it’s always best to come completely clean. The admissions team isn’t looking for perfection in applicants.
[Learn about the nuances of the MBA resume.]
Major failures can translate into a story about lessons learned and self-improvement which can actually help your candidacy if you show how you’ve become a wiser, more humble person because of them. However, if the incident you’re wondering about including is personal in nature and does not appear anywhere on your official record, you may decide not to draw unnecessary attention to it.
If you learn that your admission is conditional pending corroboration of your professional, academic or personal background, your best option is to cooperate quickly and completely to facilitate the verification process. The schools just want to make sure all applicants are who they say they are.
If you’re meticulous about presenting the facts, haven’t exaggerated or lied, and have explained any lapses in judgment that could come back to haunt you, you’ll have nothing to worry about.
October 14, 2013
Many applicants tell me crafting their application would be so much easier if they knew exactly what business schools were looking for in a candidate. But if you ask any MBA admissions officer, the likely …
Many applicants tell me crafting their application would be so much easier if they knew exactly what business schools were looking for in a candidate. But if you ask any MBA admissions officer, the likely answer is that all-too-elusive “fit” with his or her program. Schools have to determine if your experiences, both personal and professional, make you an intriguing addition to the class they are forming, and they also need to be convinced that your career goals and their program are a good match.
Since my background is in marketing, I often explain it in marketing terms: the admissions committee is the buyer and you’re the seller. As a marketing strategist, you want to get to know as much about your buyer as you possibly can…
(continue reading this post on Stacy’s US News MBA Admissions: Strictly Business Blog)
September 30, 2013
This post originally appeared on Stacy’s “Strictly Business” MBA Blog on U.S.News.com People typically pursue an MBA because they are looking to improve their career opportunities and increase their future income. What some applicants don’t …
This post originally appeared on Stacy’s “Strictly Business” MBA Blog on U.S.News.com
People typically pursue an MBA because they are looking to improve their career opportunities and increase their future income. What some applicants don’t consider is that you can achieve both of those objectives even if you don’t make it into the business programs at Harvard, Wharton or Stanford.
While rankings are a valuable piece of the puzzle when you’re narrowing down your school list, don’t get hung up on the top few programs. It’s more important to be pragmatic and align your expectations with the MBA programs that match your particular profile, particularly if your GMAT score isn’t through the roof or your career trajectory has stalled out.
MBA programs update their career or recruiting reports annually and post them online, so a good strategy is to think about the company or industry you want to work in, and find out whether they recruit at your target schools.
[Research b-schools that match your learning style and personality.]
For example, top MBA employers including McKinsey & Co., Goldman Sachs, Boston Consulting Group, Bain & Co. and Deloitte Consulting recruit heavily at the most elite schools. But they also recruit other schools, such as at UCLA Anderson School of Management, Emory’s Goizueta Business School and Georgetown’s McDonough School of Business. These graduate business schools all placed in the Top 25 of the 2014 U.S. News Best Graduate Schools rankings.
While most schools don’t disclose the number of hires per company, MBA applicants can extrapolate that you might not need to get into a top school in order to land at the company of your dreams.
A few years ago, our client Priya had her sights set on attending one of the top three ranked schools in the U.S. However, as her consultant worked with her on her applications, it became apparent that her chances of admission were less than ideal.
Priya had taken a few swings at the GMAT, but test-taking was a significant weakness for her and her scores topped out at 640. She had a few years of work experience, but promotion freezes had left her stuck at her initial position without advancement.
[Find out how to fix a low GMAT score.]
Priya was starting to wonder if she should apply to business school at all. Before letting her quit, Priya’s consultant asked why she wanted to apply to those top three schools.
Priya wanted to work in corporate finance at a specific Fortune 500 firm after graduating, and had chosen the top schools where that company heavily recruited. With her career goal in mind, Priya and her consultant decided to change strategies.
Since an MBA was the key to achieving her career goals, Priya cast a wider net to include schools ranked in the top 50. She also retooled her application to emphasize her specific, concrete career plan, which helped shift focus away from her weaknesses.
Priya found a great fit in the University of North Carolina—Chapel Hill’s Kenan-Flagler Business School. Though not as competitive for admission as the very top schools, it ranks No. 20 in the U.S. News rankings and in the top twenty of several other lists, and offers a concentration in corporate finance that Priya found appealing.
She maximized her academic and networking opportunities while on campus and found a job with her chosen finance firm after graduating using the skills and contacts she gained, rather than relying solely on recruiting. Priya is now moving up the ranks and is encouraged by the fact that her firm’s CEO obtained his MBA from a school that rarely even appears on a business school ranking list.
[Get MBA admissions tips for applicants with a finance background.]
Location is often overlooked by candidates choosing a b-school, but is extremely important. Recruiters give priority to candidates who have already lived or worked in the same region where the position is located, and graduates tend to gain employment near the geographic location of their MBA program.
While an MBA from Harvard opens doors anywhere, if you’re interested in working in the energy sector, you might have a better shot going where the energy industry thrives. Examples in the oil and gas industry include the University of Texas—Austin McCombs School of Business or Rice University’s Jesse H. Jones Graduate School of Business.
Duke University’s Fuqua School of Business offers an MBA concentration in energy & environment, as well as a new concentration in energy finance.
The point is, if you’re not going into finance or consulting, you have greater flexibility in finding a niche program that’s the right fit for you.
While a degree from an elite business school is a goal and dream for many, several factors – such as test scores, undergraduate academic performance and tuition costs – influence whether it’s a viable option. If you believe the degree is critical to your career goals, consider expanding your school options while still getting a great return on investment.