Monday, 30 June 2014

MBA Admissions Myth: “I Have No Weaknesses!”

Most business schools will ask an applicant’s recommenders to describe a weakness of yours, or a time when they offered you constructive feedback. You may face great temptation to ask your recommenders to avoid writing anything critical or to present a “disguised strength” as a weakness. Your recommender might write something like one of the following entirely disingenuous statements, believing that he/she is helping you, when in fact he/she is not:
  • “John needs to learn to balance his work and home life better—he is always at work, making sure that he stays on top of every detail.”
  • “Mary is a perfectionist and holds others, who just may not be capable, to the same high standard that she holds herself.”
Alternatively, a recommender who is afraid of hurting your candidacy may write about a “professional development” weakness, focusing on a business skill that you have not yet had the opportunity to learn or develop, rather than describing an area in which you need to improve:
  • “Rodney is an excellent communicator in small group settings; he has not, however, had the opportunity yet to give presentations to large groups, and I think doing so is the next important step in his career path.”
  • “To move to the next level, David needs to start sourcing his own deals, rather than just working on deals that others have found.”
This may be shocking, but admissions officers understand and know that there is no such thing as a perfect employee or MBA candidate and are skeptical of the sincerity of any recommender that presents you as such. Such falsely positive comments do nothing to help the admissions committee get to know you better and instead undermine the integrity of your recommender’s letter. Although you do not want your recommenders to present unprofessional traits (e.g. “Denise is lazy”), recommendation letters should involve honest, detailed reflection using a critical (not negative) eye.
You should also avoid presenting “disguised strengths” in any essay prompt that asks for a weakness, such as Harvard Business School’s “Tell us about something you wish you had done better” or Dartmouth Tuck’s “Describe a circumstance in your life in which you faced adversity, failure, or setback…

Thursday, 19 June 2014

MIT Sloan MBA Application Deadlines for Fall 2015

MIT Sloan announced the MBA application deadlines for Fall 2015 entry:
Round 1 – September 23, 2014
Round 2 – January 8, 2015
The school also announced that the new essay questions will be ready by the end of June and the online application will go live by early August.

Thursday, 5 June 2014

Tuck School of Business Fall 2015 Application Deadlines

The Tuck School of Business at Dartmouth has announced the MBA application deadlines for the 2014-2015 admissions season. The deadlines are:

Early Action Round

Deadline: October 8, 2014
Notification: December 18, 2014

November Round

Deadline: November 5, 2014
Notification: February 13, 2015

January Round

Deadline: January 6, 2015
Notification: March 13, 2015

April Round

Deadline: April 1, 2015
Notification: May 15, 2015

1st Round Consortium

Deadline: October 15, 2014
Notification: December 18, 2014

2nd Round Consortium

Deadline: January 5, 2015
Notification: March 13, 2015
All applications are due at 5 p.m. EST on the day of the deadline. Prospective students who are applying to Tuck through the Consortium will receive two decisions; one from Tuck regarding their admission decision and a second from the Consortium regarding their membership decision. For more information, visit the Dartmouth/Tuck MBA admissions website.

Tuesday, 3 June 2014

Who Should Write Your Letters of Recommendation?

Letters of recommendation are an important part of your overall application package—they provide the only outside information the admissions committee receives about you. One of the most stressful parts of the application process can be picking your recommender. The first question you should ask is who can write a valuable letter?
Like many candidates, you may believe that your recommenders must have remarkable credentials and titles to impress the admissions committee. However, what is far more important is selecting individuals who can write a personal and knowledgeable letter that discusses your talents, accomplishments, personality and potential. If senior managers at your company can only describe your work in vague and general terms, they will not help your cause, but lower-level managers who directly supervise your work, on the other hand, can often offer powerful examples of the impact you have on your company. As a result, their letters can be far more effective at getting you accepted into an MBA program.
Nonetheless, not everyone who knows you and your capabilities well will make a good recommender. For starters, of course, you should be confident that your potential recommender likes you and will write a positive letter on your behalf! As you contemplate your choices, try to gather some intelligence on your potential recommenders. Have they written letters for anyone else? Are they generous with their time with regard to employee feedback and review sessions? Will they devote the effort and time necessary to write a letter that will really shine?
If your prospective MBA program asks for two letters of recommendation, then generally, you should approach two of your recent supervisors, with one ideally being your current supervisor. Your letters will have added credibility if they are written by individuals who are senior to you, because your recommenders are in evaluative positions and will not have anything to lose by critically appraising your candidacy.

Monday, 2 June 2014

Top 10 B-Schools with the Most Satisfied Graduates

Forbes surveyed 17,000 alumni at 100 schools on their satisfaction regarding the following three areas: their current job, their career preparedness, and their MBA education. 4,600 alumni responded. The following ten schools received the highest combined rates of satisfaction:
  1. Stanford GSB
  2. UC Berkeley Haas
  3. Carnegie Mellon Tepper
  4. Michigan State Broad
  5. Indiana Kelley
  6. Dartmouth Tuck
  7. Duke Fuqua
  8. Rice Jones
  9. Wisconsin School of Business
  10. Chicago Booth
One of the interesting points highlighted in this study is the age-old question: Does money buy happiness? The study (which also measured ROI – findings were publishing in October 2013) found that there are many graduates from top b-schools making $200,000+ salaries, but who offered only so-so marks on job satisfaction. (The article points to respondents from Penn, Dartmouth, and Chicago in regards to this disassociation.) At the same time, while job satisfaction may not be soaring, that ho-hum feeling doesn’t seem to stop alumni from ranking their school satisfaction extremely high.
The alumni who responded to this survey were already five years out of b-school, which means that they graduated in 2008, at the height of the recession. The Forbes article states that these alumni “overwhelmingly gave their schools high marks for their educations, but much lower scores for their current job satisfaction.” Though graduates from Berkeley Haas gave the highest marks for job satisfaction. Tuck and Booth ranked relatively low for job satisfaction, yet made it to the top 10 due to their high marks for educational satisfaction and preparedness in relation to other MBAs. (Stanford gave top scores for both these areas.)