Scholarship Funding: Different Ways to Rank Most Generous Business Schools

November 22nd, 2014

Last week, Poets and Quants published three must-read articles on the scholarships top MBA programs make available to compete for applicants. (Read them here, here, and here.) Helpfully, P&Q also posted a table ranking 27 U.S. business schools in order of total scholarships available. The top five most generous schools were:
1. Harvard Business School ($31.5 million)
2. Wharton ($16.9 million)
3. Chicago Booth ($16.3 million)
4. Michigan Ross ($15.4 million)
5. NYU Stern ($12.8 million)
P&Q also provided—but did not rank—these 27 schools in terms of Percentage of Gross Tuition covered by scholarships awarded, Average Grant size, and Percentage of MBAs on Scholarship. Since …

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The Power of Humility?

November 20th, 2014

Professor Leonard Lodish knows EMBAs. In fact, he’s been teaching Wharton EMBAs since the very first Wharton Executive MBA class in 1975. In a brief interview on Wharton’s MBA for Executives site, he recently implied that one of the biggest differences between full-time and executive MBA students—aside from age, obviously—may be … humility: “I’ve taught in both the full-time MBA and EMBA programs and a big difference is that the EMBAs tend to be older and have worked long enough to have made mistakes in their careers. This makes a difference in perspective and enriches our class discussions.” Mistakes, that …

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10% Off Thanksgiving Discount Special

November 19th, 2014

From now until the end of November 2014, PAUL BODINE CONSULTING is offering a 10% discount off all MBA services:
Hourly Service Discounts Our regular hourly rate of $265 per hour will drop to $239 per hour. Our 5-hour bundle rate of $1,225 will fall to $1,100 (real rate of $220 per hour). And our 10-hour bundle rate of $2,250 will drop to $2,000 (real rate of $200 per hour).
Comprehensive ‘All In’ Flat-Fee Package Discounts Our first-school flat-fee package price of $3,550 will drop to $3,195. Our subsequent-school flat-fee package price of $1,700 will fall to $1,530.
One-Stop One-Time App Check …

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“It’s Always Networking”

November 18th, 2014

Q: What’s your biggest advice to the job seeker?
A: “It’s networking. It’s always networking. You have to apply to a lot of companies, it’s just a part of the process. But then it’s what you do next, and I think the extra effort is an indicator of the type of talent we like here at Intuit as well. I applied, but then I started reaching out, getting on LinkedIn and, seeing who’s there, who I knew, who I might know. Lo and behold, one of my classmates works here. Are you kidding me? ‘Let’s go grab beers, tell me about …

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Highest-Paying Jobs Belong to Doctors

November 17th, 2014

Business Insider’s November 7 lead said it all: “If you want to make money in America right now, go to medical school.” Parsing data from the Bureau of Labor Statistics, the site unearthed a compelling fact: the highest-paying job in all 50 U.S. states (expressed in terms of average salaries) belongs to medical or health professionals: anesthesiologists, surgeons, obstetricians/gynecologists, dentists—all health professionals of one stripe or another, without exception.
And it didn’t matter in what region of the country one looked. In poor Mississippi, the highest average pay went to the catch-all “Physicians and Surgeons, All Other” category ($240,510) just …

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Informational Interviews: What to Ask

November 16th, 2014

Informational interviews are a great way to get to know about companies and industries while building a network that may pay dividends for your career down the line. Anyone senior to you professionally (or even your peer), who has no incentive to help you other than generosity, is doing you a big favor by agreeing to share his or her time. So treat the process of requesting/arranging an informational interview (however you arrange it: through your existing contacts, through a LinkedIn process, etc.) with the greatest respect for the professional you reach out to.
But once your ‘target’ has offered …

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Harvard Business School & Age: Class of 2016

November 10th, 2014

It’s always dangerous to read too much into Harvard Business School’s class profile data since any given year’s demographic shifts do not necessarily predict future admissions moves. That said, Harvard’s release today of the “Years Out of Undergrad” data do show a coalescing worth noting away from younger applicants and toward applicants with 5 years of post-college experience. HBS made a clear step away from applicants with “only” two and three years’ of work experience, which dropped by 15 and 16 students, respectively, from the class of 2015 to the class of 2016. Applicants with four years of experience—the most …

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SEAL-Tested MBAs

October 10th, 2014

This article was originally featured on TopMBA.com
Being an admissions consultant in San Diego, California, offers numerous benefits, not the least of which are sun and surf. But another is the city’s significant military profile, notably the Navy and Marines, which makes itself felt in many subtle and not-so-subtle ways. The city’s Coronado Island, for example, is one of the headquarters for the Navy SEALs–the U.S. Navy’s legendary special operations force, famous most recently for abbreviating Osama Bin Laden’s life.
What do the SEALS have to do with business school? Just this: knowing how much business schools admire military applicants …

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MIT Sloan’s Essay 2: “Write a professional letter of recommendation…”

September 2nd, 2014

This article was originally featured on TopMBA.com
MIT Sloan is the “just the facts” business school. They stopped asking about your post-MBA goals years ago, because they only respect evidence of applicants’ demonstrated excellence. This reco letter essay fits smoothly within that tradition. Unlike Kellogg’s late, lamented “provide a brief evaluative assessment of your file” essay, MIT isn’t inviting you to engage in narcissistic self-marketing here. You’re being asked to view yourself as your supervisor would. You want this reco-essay to “ring true,” though not necessarily because Sloan will be able to compare your letter to the actual letter your current …

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MBA admissions: Backing up a Strong GMAT with the Personal Touch

August 20th, 2014

[Today's guest blog is provided courtesy of QS.com]
The GMAT is often seen as the ‘gatekeeper’ for top-tier business schools around the world – such is its importance to the MBA admissions process.
Nine million tests have now been sat since GMAC, the Graduate Management Admissions Council, introduced the paper as a standardizing force for fairness in business school admissions some 60 years ago.
In taxing candidates’ reasoning, analytical writing and ability to use and interpret data to solve business problems, the GMAT is seldom taken lightly by applicants. In fact, it has a reputation for difficulty that certainly seems deserved – but …

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The Questions Asked Of EMBA Applicants

July 30th, 2014

This article was originally featured on Poets & Quants for Executives.
Size does matter, and at top full-time MBA programs the size that matters most for application essays is small–as in Wharton’s single 500-word essay or Kellogg’s two 450-word essays for the 2014-15 cycle.
Compare this with the three to five and seven pages that Wharton and Stanford, respectively, allowed for their goals essay in the late 1990s, and you see how far we’ve come. The factors driving this trend range from skepticism over written essays’ capacity to capture applicants authentically to rising application volumes colliding with top schools’ limited admissions budgets …

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What Matters Most to You: Stanford MBA Essay Tips

July 29th, 2014

This article was originally featured on TopMBA.com
When someone asks you what really matters most to you – for what or whom you would gleefully walk over hot coals – they are more or less putting a gun to your head and saying, “Tell us the truth”. It’s baked into the very question. Sincerity, honesty, authenticity, genuineness – these are the unspoken synonyms behind Stanford GSB’s now iconic MBA essay question: “What matters most to you, and why?” There’s only one small problem with responding as expected to that gun at your head: banality often ensues.
When I ask clients, “What matters …

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Deconstructing Harvard Business School’s MBA Essay Topic

July 16th, 2014

This article was originally featured on TopMBA.com
When is an MBA essay not what it seems? When it’s Harvard Business School’s deceptively simple, deceptively welcoming, deceptively optional prompt of the past two years: “You’re applying to Harvard Business School. We can see your résumé, academic transcripts, extracurricular activities, awards, post-MBA career goals, test scores, and what your recommenders have to say about you. What else would you like us to know as we consider your candidacy?”
Yes, it looks clear enough. By explicitly telling you what they don’t want to hear about – your accomplishments, grades, extracurricular activities, and goals – they’re …

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Today Is Tuck Summer Visit Day

June 20th, 2014

Today, in lovely Hanover, New Hampshire, MBA aspirants are enjoying a curated exploration of the Tuck experience, presided over by Tuck’s admissions staff. The day’s schedule is as follows:
9:30 Arrival and Check-in
10:15-11:15 Mock Class
11:20-12:00 Get to Know Tuck’s Research Centers and Initiatives
12:00 -12:50 Lunch
1:00 -1:45 Student Life Panel
2:00-2:45 Members of the Admissions Committee: How to set you up for success for your MBA application
3:00-3:45 Career Development Panel and Discussion
Wish I could be there.
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Yale SOM Releases 2014-15 Essay Question and Deadlines

June 20th, 2014

Deadlines
Round 1: Sept. 18; Decision: Dec. 8.
Round 2: Jan. 8, 2015; Decision: Mar. 27, 2015
Round 3: Apr. 23, 2015; Decision: May 25, 2015
The Essay Question
“The Yale School of Management educates individuals who will have deep and lasting impact on the organizations they lead. Describe how you have positively influenced an organization—as an employee, a member, or an outside constituent.” (500 words maximum)
We chose to require a single, longer essay, rather than two shorter essays, in order to give you more space to address this question—which is at the core of what an MBA education at the Yale School of Management …

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