Tag Archives: Wharton School

New Ranking Shows Top Choice B-Schools for 2016 Applicants

Ready4, a Boston-area company that creates test prep apps, has unveiled its second annual rankings of the most desired business schools around the globe. Unlike traditional business school rankings that are based on complex methodology and, in …

business school rankingReady4, a Boston-area company that creates test prep apps, has unveiled its second annual rankings of the most desired business schools around the globe. Unlike traditional business school rankings that are based on complex methodology and, in many cases, information self reported by participating schools, Ready4’s rankings represent the voice of current and prospective students and provide unique insight into what schools students most want to attend.

This ranking represents the top schools chosen by 250,000 users of Ready4GMAT app using its “School Matcher” and “Top Picks” functions.

The Top 25 Most Desired Business Schools

1. Harvard
2. Stanford
3. University of Pennsylvania (Wharton)
4. MIT (Sloan)
5. Indian School of Business
6. Columbia
7. London Business School
8. New York University (Stern)
9. INSEAD
10. University of California Berkeley (Haas)
11. University of Chicago (Booth)
12. Northwestern (Kellogg)
13. Indian Institute of Management
14. Yale
15. Duke (Fuqua)
16. University of Oxford
17. London School of Economics
18. HEC Paris
19. Cornell
20. University of Cambridge
21. National University of Singapore
22. UCLA
23. SP Jain Institute of Management
24. University of Michigan Ann Arbor (Ross)
25. Dartmouth (Tuck)

Notable observations from this year’s ranking include:

  • Harvard Business School and Stanford Graduate School of Business are the top two most desired schools for the second year in a row, while the University of Pennsylvania Wharton School moved up two positions into the third spot, displacing MIT Sloan School of Management, which is now fourth
  • University of California Berkeley Haas School of Business made the biggest leap in the Top 10 category, moving up 5 positions (15 in 2015 to 10 in 2016)
  • Four schools are new to the list this year: London School of Economics (17), Cornell Johnson Graduate School of Management (19), University of Michigan Ross School of Business (24) and Dartmouth Tuck School of Business (25)
  • Five schools fell off the list of the Most Desired Schools in this year’s ranking: Carnegie Mellon Tepper School of Business, University of Cambridge Judge Business School, Boston College, Imperial College London, USC Marshall School of Business

Statistics represent the time period between September 2015 and September 2016, and users were allowed to pick more than one school.

top choice business schools

“With more than a million downloads of our test prep apps, Ready4 sits in a unique position to not only understand where students want to pursue their MBA or other business degree, but also to guide them on their journey to find and get into the right program,” says Elad Shoushan, Ready4’s founder and CEO.

“We are in business to ensure that a generation is ready, willing and able to take on the challenges and opportunities of the 21st century economy, and in many cases, that starts with helping match students to their preferred schools and preparing them to get the scores they need to be considered in the admissions process.”

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7 Qualities of the Ideal Wharton MBA

What does it take to land a seat at the University of Pennsylvania’s Wharton School? As one of the top MBA programs in the world, Wharton is very selective about who it accepts—just 20% of …

What Wharton looks for in MBA applicants

What does it take to land a seat at the University of Pennsylvania’s Wharton School? As one of the top MBA programs in the world, Wharton is very selective about who it accepts—just 20% of applicants in 2015—and the admissions team has some specific traits in mind when it assesses candidates.

Reflecting on my 15 years of experience helping clients get into Wharton, I recently shared my take on the seven characteristics Wharton is looking for in MBA applicants with Business Insider.

1. Global awareness is key.  

Candidates must show they are able to adapt, accept, and understand in a diverse environment. Wharton graduates will compete in a global marketplace, so experience with the challenges of doing business globally and a natural curiosity for learning more about other countries and cultures will be valued by the admissions committee and should therefore be emphasized during your interview.

2. Entrepreneurial abilities are a must.

Being entrepreneurial means knowing how to recognize and capture opportunity, minimize risk, make the most of limited resources, and make excellent decisions even with inadequate or incomplete information. You can demonstrate an entrepreneurial mindset if you have identified opportunities to make an impact above and beyond the call of duty.

3. Community involvement is paramount.

Finding time to do community service can demonstrate your devotion to making your community better. The hours required for a Wharton MBA are comparable to your current job, so you have to prove the ability to manage your time and energy and put it toward a good cause.

But admissions officers at Wharton aren’t only interested in whether you’ve done community service. They are also interested in the character revelations that come with the projects you took on.

To read four more traits Wharton looks for in the ideal MBA candidate, follow the link to the original post on Business Insider. 

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Wharton School Fall 2017 MBA Essay Tips

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Wharton Announces Application Fee Waiver for Military Veterans

Starting this admissions season, military veterans applying to the University of Pennsylvania’s Wharton School will not have to pay an application fee. In an announcement recently posted to the Wharton MBA admissions blog, Maryellen Reilly Lamb, Deputy …

Wharton military veteran fee waiver

Starting this admissions season, military veterans applying to the University of Pennsylvania’s Wharton School will not have to pay an application fee.

In an announcement recently posted to the Wharton MBA admissions blog, Maryellen Reilly Lamb, Deputy Vice Dean of MBA Admissions, Financial Aid and Career Management, explained that this change is part of an effort to attract top military talent in partnership with Wharton’s MBA Veterans Club.

“Last year, 224 active duty and honorably discharged U.S. veterans applied to Wharton,” says Reilly Lamb. “We hope this program encourages more to take that step as well. We thank all veterans for their service to our country and are pleased to offer this well-deserved incentive.”

You may also be interested in:

Wharton Fall 2017 MBA Essay Tips

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Curious About Working with an Admissions Counsultant? Join Us for GMAC’s Google Hangout!

If you’re working on your b-school application, you won’t want to miss our Q&A session during the Graduate Management Admission Council‘s (GMAC) upcoming Google Hangout, Behind the Scenes with MBA Admission Consultants, on Thursday, July 28 at 1pm EDT.   Hosted …

GMAC Google Hangout

If you’re working on your b-school application, you won’t want to miss our Q&A session during the Graduate Management Admission Council‘s (GMAC) upcoming Google Hangout, Behind the Scenes with MBA Admission Consultants, on Thursday, July 28 at 1pm EDT.  

Hosted by Eric Chambers, GMAC’s Market Development Director and former Wharton School MBA admissions representative, you’ll have a chance to ask your burning application questions, as well as learn about SBC’s consulting philosophy and approach to the MBA admissions process.

Register today and mark your calendar for what’s sure to be an enlightening conversation!

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Wharton Debuts Interactive Budget Model Tool

The University of Pennsylvania’s Wharton School has announced the launch of the Penn Wharton Budget Model. The nonpartisan, interactive budget model is a tool available at no cost to users and is available online and from the tap …

Penn Wharton Budget Model

The University of Pennsylvania’s Wharton School has announced the launch of the Penn Wharton Budget Model. The nonpartisan, interactive budget model is a tool available at no cost to users and is available online and from the tap of a tablet or smartphone.

The Model, a tool developed through the Penn Wharton Public Policy Initiative, allows policymakers and the public to make more informed decisions and better understand the economic and fiscal implications of proposed policies.

Something as important as the federal budget – which impacts our ability as a country to create jobs and prosper – should be as accessible and transparent as the other important information we consume on a daily basis.

“At Wharton, we see an opportunity to make a difference at the intersection of business and policy – to help business, legislators and the public make crucial decisions based on rigorous data rather than ideological debate,” said Geoff Garrett, Dean of the Wharton School.

“With the accurate, accessible and transparent economic analysis of the Penn Wharton Budget Model, we’re harnessing the power of information for policy impact and using our analytics expertise to fuel data-driven decision making,” Garrett continued.

The first available modules of the Penn Wharton Budget Model allow users to test policies specific to immigration and Social Security. Additional modules in development include healthcare, criminal justice, education, retirement, housing and tax reform, which will follow.

Developed by a team of former Congressional Budget Office and Treasury Department economists and leading technologists, under the leadership of Wharton Boettner Professor and Professor of Business Economics and Public Policy Kent Smetters, the budget model uses macro assumptions that take into account constant changes over time, such as demographic and economic shifts, for more accurate long-range forecasting.

The model’s dial controls allow users to test a range of different forms of policies. For Social Security, the user can see the effects of 4,096 different policy combinations. For immigration policy, there are 125 policy combinations.

“Our goal in developing the Penn Wharton Budget Model is to provide a ‘sandbox’ to test the economic impact of different policy ideas,” said Smetters, who leads the Penn Wharton Budget Model team of more than a dozen researchers, analysts and economists. “Numerous policymakers have told us that they want reliable and speedy analysis, with transparent assumptions, while legislation is being drafted.”

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Tuesday Tips: Wharton School Fall 2017 MBA Essay Tips

The Wharton School of the University of Pennsylvania released the essay questions for the class of 2019 with the inclusion of a second required essay. This additional essay focuses on teamwork and complements the main …

wharton school essay advice The Wharton School of the University of Pennsylvania released the essay questions for the class of 2019 with the inclusion of a second required essay. This additional essay focuses on teamwork and complements the main essay question that asks candidates to reflect upon their fit with Wharton both personally and professionally.

As you consider how to approach this set of essays make sure you are conducting thorough school research. Getting to know the Wharton community through campus visits, online research and the many admissions events around the globe will help you understand the personality of the school and the alumni network to write an effective set of essays.

Essay 1: (Required) What do you hope to gain professionally from the Wharton MBA? (500 words)

This is both a standard career goals question and an inquiry into your personality and potential success in the program.

Be careful to answer the specific question in this career goals essay. Notice that you are not asked about your professional background or your key accomplishments. To answer the question asked, you will want to focus mainly on the future and what you are planning to pursue with your MBA degree.

At the same time, there is certainly room to add color by using your background information where it is most relevant to your goals. Think about the key moments of your professional life that crystallized your goals for you, and focus on illuminating those decision points rather than reciting your entire resume.

Understanding exactly how you fit in will help you describe what Wharton will do for you, as well as navigate interviews and other interactions with the Wharton admissions committee. Consider including specific information from your Wharton research in this essay such as Wharton faculty you would like to study with or unique educational opportunities at Wharton.

When you address your personal goals for the MBA make sure you are making the case for Wharton specifically. Consider what living in Philadelphia might be like, the many clubs and student activities, and leadership development opportunities like traveling to Antarctica with your classmates that may address some of your personal life goals.

Essay 2: (Required) Teamwork is at the core of the Wharton MBA experience with each student contributing unique elements to our collaborative culture. How will you contribute to the Wharton community? (400 words)

Wharton is an intense environment, but also one that takes pride in collaboration and community. This question seeks to understand how you work with others and what your leadership style is. Collaboration and teamwork are important key concepts to illustrate in this essay.

Your contribution to Wharton could be in the classroom, clubs or within small group projects. You might bring your experiences launching a new product to your marketing case studies. Maybe you will lend creative ideas to your learning team as you prepare a research project.

Perhaps you will tutor your learning team mate in accounting principles because he has never done accounting at work. Or you might contribute to the Media and Entertainment Club by leading a career trek or bringing a new speaker to campus. Think about what you have learned in your career and in prior academics that may help those around you.

This essay does not explicitly require examples of teamwork or leadership from your past experiences, but it will be a stronger essay if you provide evidence. Think about a time you demonstrated your collaborative approach to team problem solving, and consider how you can prove what you contributed to your community in your workplace or extracurricular activities.

All reapplicants to Wharton are required to complete this essay. Explain how you have reflected on the previous decision about your application, and discuss any updates to your candidacy (e.g., changes in your professional life, additional coursework, extracurricular/volunteer engagements). (250 words)

All applicants, including reapplicants can also use this section to address any extenuating circumstances. (250 words)

All reapplicants are required to provide information that supports your renewed candidacy. The most successful version of the reapplicant essay will provide tangible evidence that you have improved the overall package you are submitting this year.

Improvements like GMAT score or new quantitative classes are especially tangible and convincing, but a promotion, increase in responsibility at work, a job change or even a change of goals and mission can serve as reasonable updates.

A rejection or waitlist last year is a form of feedback, and may have led to soul searching for you. When you describe your changes make sure reflect your ability to take feedback and improve. Describe how you approached the reapplication process after assessing your own strengths and weaknesses as a candidate and making the appropriate efforts to improve.

If you are not a reapplicant this essay is a potential space to address any areas of concern in your application. If you have a low GPA or GMAT, gaps in your resume, disciplinary action in undergrad or anything else that you want to explain, this is where you would provide a brief explanation and any supporting evidence to show you have moved past the setback.

Contact Stacy Blackman Consulting for customized advice to give you that competitive edge in your Wharton application

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