Entries in Duke Fuqua (26)
Upcoming 2009 MBA Admissions Telethon
I would like to invite all 2009 MBA applicants to sign up for the second 2009 MBA Admissions Telethon on Tuesday, May 13th between 10:00 AM and 12:00 PM PT (1:30 PM ET - 3:30 PM ET; 6:00 PM GMT - 8:00 PM GMT). What is the MBA Admissions Telethon?
Two hours when 6 MBA admissions experts will be available to answer your individual questions via telephone. Prior to calling in, you will receive a brief, 6-question questionnaire and submit it along with your resume to a designated email address. (No essays, please.) When you call in, your consultant will review the information you provide, and you will have 15 minutes to discuss with him or her your most pressing MBA admissions questions.
Oh, by the way, the 2009 MBA Admission Telethon is free.
You can learn more details and sign up at 2009 MBA Admissions Telethon.
US News Grad Rankings Are Out
The US News released its 2008 Grad School Rankings today. I'm going to list the top ten for business school, law school, and medical school and provide links to the ranking methodology for each category. For other graduate specialties, please visit the US News site.
Business School Rankings and methodology
1. Harvard
1. Stanford
3. Wharton
4. MIT Sloan
4. Northwestern Kellogg
4. Univ. of Chicago
7. Dartmouth Tuck
7. UC Berkeley Haas
9. Columbia
10. NYU Stern
Law School Rankings
1. Yale
2. Harvard
2. Stanford
4. Columbia
5. NYU
6. UC Berkeley
7. Univ. of Chicago
7. Penn
9. Northwestern
9. Univ. of Michigan
9. Univ. of Virginia
( I am not including a link to the law school methodology because as I am writing the link provided is a bad link.)
Medical School Rankings (Research) and Methodology
1. Harvard
2. Johns Hopkins
3. Washington U (St. Louis)
4. Penn
5. UCSF
6. Duke
6. Univ. of Washington
8. Stanford
9. UCLA
9. Yale
A few caveats: My strong recommendation is to use the rankings as a library of raw data conveniently compiled in one location and not as a tried and true guide of educational quality. They are not the latter. They are the former. To the extent you are going to use the rankings as a guide to school reputation and brand value, you must understand the methodology behind them and what they are measuring. Be cognizant of the differences between what is important to you and what is important to the rankings.
A few observations on the rankings themselves:
- There are many ties in the rankings, which implies that the differences in reputation are almost imperceptible when talking about closely ranked programs. For example the difference between being "in the top ten" and out of the the top ten (i.e. #11) for MBA programs is 1 point, for the top law schools is 2 points, and for the top medical schools is 1 point. Don't get hung up on these differences.
- The "top ten" changes little from year to year. In most cases, if you compare these rankings to the 2007 version, it looks as if US News just reshuffled the deck a little.
For more on rankings, please see:
I received an email from US News that the law school rankings methodology is online. Just click on the link.
New MBA Admissions Service: Start Smart
Yesterday I met with a LAMP client who is shrewdly starting now to prepare for his fall application. We went over his profile, and I made several suggestions as to what he can do between now and this fall to improve his chances of acceptance next year. He found the session very valuable. And again, I commend him for starting early to work on his application. I want to be able to commend and mentor and help prepare more of you.
For years I have encouraged MBA applicants to lay the foundation for their MBA application in the months before applications come out. That's why I wrote Best Practices for MBA Admissions, a featured ebook this month. That's why Accepted has hosted MBA Admissions Telethons and teleseminars. And that's why Accepted is introducing a new subscription form of MBA Admissions Consulting: Start Smart ™.
With Start Smart, you can meet up to one hour per month with your adviser, an experienced Accepted consultant and editor who for years has seen what works and what doesn't. Our experienced staff shares my frustration when talented but flawed clients come to us in September wanting to apply in Round 1 and hoping that a magic wand will make them competitive. We don't have that wand. We do have decades of collective experience that we would like to share with you on an individual basis through Start Smart.
With Start Smart, you can have a mentor guide you in:
- Identifying the core stories for your application.
- Focusing on specific schools.
- Strengthening your application and ameliorating weaknesses.
- Choosing recommenders.
We can even help you work out an application time table.
In addition, Start Smart is something that rewards your early-bird-gets-the-worm approach to your applications:
- You will pay less per month when you sign up for more months.
- Your credit card is billed on a monthly basis for the exact number of months you want. You do not pay for the entire service up front so it is more affordable.
Chat and Chat Transcripts: Notre Dame, LBS, and Consortium
Accepted is resuming its MBA admissions chats next week on Wednesday January 9 at 10:00 AM PT/1:00 PM ET/ 6:00 PM GMT with a chat devoted to Notre Dame's MBA program. This will be the first time we are hosting Notre Dame, a strong general management program renowned for its focus on ethics. Available to answer your questions about Notre Dame's admissions policy, program, and student life will be:
- Brian Lohr, Director of MBA Admissions
- Kim Patton, Assistant Director of MBA Admissions and Student Services
- Ashley Clark, MBA Candidate, Class of 2009
- Jon Peach, MBA Candidate and MBAA President, Class of 2008
For tips on Notre Dame's essay questions, please see Notre Dame Mendoza MBA 2008 Deadlines, Essay Questions.
I also want to let you know that the transcripts from our last two chats in December have been posted.
Emma, how is recruiting looking overall for 2008 grads? And for the class of 2009 which is now seeking internships?
Linda, generally recruiting is looking very strong. We are pleased to see that recruiting remains very strong in finance, but also that the number of industry firms where students are interning and taking final positions continues to grow. Increasing numbers of students are taking up positions with companies like 3i, Google, Pepsico, BP - and of course the number of people going into the very top consulting firms like McKinsey, BCG, Bain etc remains high.
Can you tell me what resources LBS has for students interested in entrepreneurship particularly for candidates who are currently entrepreneurs themselves and are looking at LBS to build a firm foundation?
lbs_for_08, the School offers a range of opportunities for students looking to take an entrepreneurial route through their MBA. Last year we introduced a new core course called Discovering Entrepreneurial Opportunities which gives students the tools to identifying new opportunities. There are also electives available from our vast portfolio and the Entrepreneurship Summer School for those who have a business idea they wish to work on to see if it will be feasible. The GEM - Global Entrepreneurship Monitor is one of the faculty research areas and also of great interest to students.
Graeme: Thank you for answering the admissions section of my question - still looking for more on what other entrepreneurial opportunities LBS provides - i.e. business plan contest, connections with VC's...
Entrepreneur: I have competed in 3 case competitions within 3 months and have made it to final rounds in 2. There is a plethora of competitions / business plan writing competitions where you can get very specific feedback and the potential to win cash prizes.
Entrepreneur: You can find a load of information on our Entrep. Club website at http://www.entrepreneurship-club.org/ including details of the annual Entrep. conference.
- Consortium Chat 2008 Transcript excerpts:
Hello I am having my Consortium interview on Thursday. I would like to know if I will be asked specific questions about the schools I am interested in or my interview will be based solely on the Consortium Fellowship?
Wazee- The interview is focused on admission, not to determine your eligibility to become a part of The Consortium. You should treat it like a job interview- be prepared to answer questions about your academic and professional background, your short term and long term goals, and your teamwork and leadership experience.
Everyone seems to be avoiding salary questions...how do individual programs assist with negotiating offers of employment? I don't want to be "that guy" but being in the military, my salary is kind of dictated.
Dannyboy - at UNC, we will have several workshops on negotiating offers, as well as salary information from past years and meetings with career counselors to talk about your specific questions.
Dannyboy, at Simon we would meet with you personally to review your offer and help you identify the areas to negotiate and the strategy for countering the offer. We also offer 2 hour training programs each quarter so that our candidates are aware of important language and behavioral issues BEFORE they get the offer. This allows candidates the greatest flexibility in the negotiation process.
Dannyboy - at Kelley, we help our students with salary/job offer negotiation through workshops and individual coaching sessions. To help with salary research, we also provide our students with an access to Vault GOLD, which has good salary data for various industries and careers.
How would a low GMAT affect a post-MBA job search?
dannyboy (Dec 11, 2007 8:55:46 PM)
Was the low GMAT effect on the post-MBA search question answered?
WendyDukesUNC (Dec 11, 2007 8:56:08 PM)
Dannyboy, low GMAT is a concern with some consulting firms and investment firms.
MichaelPayneUSC (Dec 11, 2007 9:00:05 PM)
Dannyboy - we have seen the big firms have a hard cut-off at 700. The smaller, more specialized firms are more flexible.
MrimBoutlaINDIANA (Dec 11, 2007 9:00:44 PM)
Dannyboy - top consulting firms are very competitive, and ask for GMAT scores. Some of our consulting firms have a cut-off between 650-700 as a minimum. However, more than your GMAT number, your effective and persistent networking will definitely help your pursuit.
dannyboy (Dec 11, 2007 9:00:46 PM)
Michael- ouch, brand management here I come.
MrimBoutlaINDIANA (Dec 11, 2007 9:01:53 PM)
Dannyboy - Marketing rocks at Kelley :)!
dannyboy (Dec 11, 2007 9:02:12 PM)
Michael perhaps you could learn bedside manner from Mrim :)
Hassan J. (Dec 11, 2007 9:02:34 PM)
PayneUSC, is it possible to retake the exam during school and use your new GMAT score with the larger firms?
ED (Dec 11, 2007 9:03:13 PM)
Wow the response to Dannyboy's question was quite depressing I got a 620 so unless I score better on the GMAT my dreams as working at an investment bank are pretty much shattered. Right?
MichaelPayneUSC (Dec 11, 2007 9:03:31 PM)
Hassan - I don't think so. Networking is best (how's that, dannyboy? :-)
Admissions: 3 Tips for Perfect Personal Statements
Deadlines galore appear on my calendar for tomorrow. Many more loom throughout this month. Here are the tips that will help you proof your application essays. So whether you are submitting an application tomorrow to HBS, Wharton, Fuqua, Ross, or Darden or later this month to any program at any school, follow these best practices to perfect your prose:
- Give yourself a break. Put the application away for a day, overnight, several hours, or at least a bathroom break. (More is better, but don't miss the deadline.) You need distance in order to read it with a fresh eye.
- Print out the essay or any document that you want to proof. For some reason, changing the medium also helps to restore your critical perspective.
- Read the essays out loud. E-nun-ciating. Reading aloud will automatically slow you down and prevent you from skimming. Additionally, your ear will catch awkward sentences and errors that your eye alone may miss.

