Harvard’s School of Public Health Receives $350 Million Gift from Hong Kong Group

Applying to med school? Download your free copy of Navigate the Med School Maze!On Monday, Harvard announced the largest gift in its history, $350 million to the School of Public Health from the Morningside Foundation, a Hong Kong group run by two Hong Kong brothers, Ronnie and Gerald Chan. The school will be renamed for T. H. Chan, the brothers’ father. (Gerald Chan earned degrees from the School of Public Health in the 1970s – a master’s in medical radiological physics and a doctorate in radiation biology.)

This will be the seventh largest donation ever made to an American institution of higher education.

According to Harvard officials, this gift will be used in the following four areas: pandemics (like cancer and obesity); failing health systems; poverty and humanitarian crises; and harmful environments (like pollution or violence). The Ebola outbreak, for example, would hit three of four areas – it’s a pandemic that relates to poverty and highlights a significant health system problem.

Harvard’s president, Drew Gilpin Faust, says that the gift will give students more financial aid and enable the school to expand its programs. “It’s always been, as the whole field always is, under-resourced,” she said. “It’s overwhelmingly dependent on money from federal grants that are under threat….We’re all realizing how important public health is as we become more global and diseases are shared across boundaries.”

For more info, please check out http://news.harvard.edu/gazette/story/2014/09/largest-gift-to-harvard/.

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Choosing Graduate Programs to Apply to

Download your free copy of Get Your Game On: Prepping for your Grad school Application“Choosing Graduate Programs to Apply to” is excerpted from the Accepted.com special report, Get Your Game On: Prepping for Your Grad School Application. To download the entire free special report, click here.

As you bring your interests into focus, start to create a list of target programs. Many factors will influence your decision-making process. Here are some things to think about:

• Do you have geographical considerations? (Do you need to be near family, or in a certain city where a spouse works?)

• What are the strengths of the programs that interest you? If you’re looking to work in industry, does the program offer networking/internships/career placement? If you’re considering a PhD, is the program strong in your subfield?

• If you’re planning to apply for a PhD program, is there a faculty member in the department who is doing work in your area of interest, or who could serve as your mentor/research supervisor?

• How many students does the program accept each year? (Some doctoral programs enroll as few as 3-4 students annually, so know that even if your credentials are stellar, you should have more than one plan!)

• Is there funding available?

• For PhD programs: Does the university publish the average time-to-degree of students in the program? (This is sometimes rather different from the stated program length you’ll find in the program catalog.)

• Are there opportunities to work as a teaching or research assistant? If grad students in the department are expected to teach, is there a mentoring program in place? How many semesters do students TA?

• If you’re hoping to work as an academic, inform yourself about the structure/expectations of your discipline. Do the programs you’re looking at have a strong record of placing their PhDs in post-docs and tenure track positions? (Do the professors you’re thinking about working with have such a record?)

• If you have a good relationship with a current or past faculty mentor, ask for advice about programs and potential grad advisers you should consider.

In the next post, I’ll address how to develop a concrete description of your research interests.

Download our free report: GET YOUR GAME ON: Preparing for Your Grad School Application

Rebecca Blustein By , Accepted.com editor and former Student Affairs Officer at UCLA’s Scholarship Resource Center, and author of Financing Your Future: Winning Fellowships, Scholarships and Awards for Grad School. Rebecca will be happy to assist you with your grad school applications.

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How to Deal with Deadlines

Dealing with Deadlines

You don’t want to feel rushed and you don’t want to miss your deadline.

You don’t want to feel rushed (stress can lead to mistakes) and you don’t want to miss your deadline. So what can you do to stay on top of your game and submit your applications before the buzzer?

1. Set yourself a schedule and work backwards from your deadlines. Allow time for holidays, sleep, exercise, and of course work.

2. Focus first on the applications with the earliest deadlines. It wouldn’t make sense to work on the application with the further deadline first when you have a looming deadline for another application right around the corner!

3. Work on applications one at a time. Adapt essays from your first application, when possible, to later applications. However never merely paste in an essay because the question is similar. Customize it for this application and this program. Trying to write more than one application at once will only lead to confusion, not to mention unintentional overlapping of material – forgetting to change just one Harvard to Stanford shows a level of sloppiness that Stanford just won’t stand for!

4. If you fall behind, consider dropping/postponing an application to maintain quality overall. Pushing off an application to a subsequent round or the following year is better than submitting a subpar application.

Good luck!

Learn how to use sample essays to create an exemplary essay of your own! Click here to download our free report!

Accepted.com: Helping You Write Your Best

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Princeton University Master in Finance: Is It Right for You, and Are You Right for Princeton?

Click here to listen to our recent podcast episode, Masters in Finance: What You Need to Know!

So what’s the ticket to heaven?

Being amazing is just a qualification for the Princeton University Master in Finance program. But if you qualify, get admitted (about 30 out of 600 applicants do), and choose to attend (about 25 out of that 30), I believe you enter heaven.

 • All your classmates are not just extremely bright and passionate about finance; they also represent experience from across the industry – and they are chosen in part because they can communicate their insights from that experience.

• There is 100% recruitment for summer internships at the most desirable institutions, and almost 100% post-graduation employment (2014). These internships/jobs span the globe—Mexico City, Singapore, Hong Kong, London, and various cities in the US as well as NYC.

• A curriculum that is intensive and deep; following the core you can either develop your own study program or pursue 1of 3 course tracks: Financial Engineering and Risk Management, Quantitative Asset Management and Macroeconomic Forecasting, and Financial Technologies.

• Career “boot camps” where alumni, industry experts, and academics help you formulate a career path that is meaningful to you and productively employs your skills, talents, interests.

• World-renowned faculty (think Alan Blinder, Paul Krugman) from multiple disciplines who don’t just teach sophisticated skills but who engage passionately in ideas, thereby helping you become a thought leader in the field.

So what’s the ticket to heaven?

Academics – A high GPA and a transcript that reflects a strong quantitative component – many applicants have degrees in subjects such as mathematics, economics, and engineering, but it is not required and they have admitted people from a range of disciplines (though there are certain math requirements). A grad degree is “a plus but not required.”

Standardized tests – Both GMAT and GRE are accepted; the median quant GRE score is 167 and the average quant GMAT score is 49.5. That said, a high quant score doesn’t make up for weak quant coursework. If your undergrad school was not taught in English (or if it was taught in English in a non-English speaking country), either the TOEFL or IELTS is also required.

Interviews are by invitation only, and selected applicants will be notified. Others are discouraged from seeking interviews.

Experience – Professional experience is not required; however the adcom wants to see some practical industry exposure via internships at least – they note that potential employers look for this experience. So the program is open to new graduates who have had an internship or two – but make sure you have something substantive to say based on your experience; your competition will.

Qualitative factors – You may be surprised that in the adcom’s eyes it is the qualitative factors that “set applicants apart”! The adcom specifically looks for strong communication ability, expecting its students to contribute within a highly intelligent cohort and to become leaders in the industry. More than anything, it seeks passion for finance. Even if you’re a quant geek, don’t think there’s a formula for this passion – it must be expressed through application contents holistically. The adcom members will know it when they see it.

Finally, be sure this is the right degree for you. As the website states, it’s not the right program for people pursuing corporate finance or investment bank M&A; but the MiF “is becoming the preferred degree in the trading and asset management areas of the I-bank.”

 Click here for the lowdown on one of the most up and coming specialized masters programs in the business world.

Cindy Tokumitsu By , author and co-author of numerous ebooks, articles, and special reports, including Why MBA and Best MBA Programs: A Guide to Selecting the Right One. Cindy has advised hundreds of successful applicants in her fifteen years with Accepted.com.

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What is Passion in Admissions?

Vault’s 2015 Banking Rankings

The following banks were rated based on the issues that matter to bankers: prestige, hours, compensation, work-life balance, firm culture, overall satisfaction, business outlook, and other “quality of life” categories. For each of these parameters, other than prestige, the banking professionals rated their own place of work. They rated other intuitions and not their own for prestige.

And here are the rankings!

Where Does Wall St. Hire: U.S. B-Schools Sending Grads into Financial Services

Vault Bank Rankings 2015

(See the full rankings here.)

Here are some highlights from the rankings:

• Goldman Sachs ranks in 1st place for prestige, but for quality of life issues, specifically hours and work-life balance, it ranks in 15th place. Blackstone, on the other hand, ranked in the top 5 for each of the quality of life categories.

• Overall, work-life balance ratings are on the rise within these top companies, as are diversity ratings.

• Two years ago, J.P. Morgan ranked in 1st place; this year they’ve dropped to 4th place.

• Big jumpers include Moelis & Company (23rd last year to 12th this year) and UBS AG (26th last year to 19th this year), as well as Canaccord Genuity and Guggenheim Securities, LLC which both made it to top 25 (17th and 24th place respectively) this year and were not ranked at all last year.

• For more analysis, please see “Vault’s 2015 Banking Rankings are Live.”

Source: Vault Banking Rankings

MBA in Sight: Focus on Finance

Accepted.com: Helping You Write Your Best

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