Do you have questions about Kellogg? Then join us in an admissions chat with Northwestern Kellogg’s Director of Admissions, Beth Flye, and other Kellogg representatives on Thursday, November 5, 2009 at 10:00 AM PT/1:00 PM ET/6:00 PM GMT. The Kellogg team can answer all your questions about their admissions practices and its famed general management program. Learn about the program that provides a global perspective on values, leadership, and social responsibility in an environment emphasizing experiential learning and teamwork.

The chat will take place in the Accepted chat room.

During our most recent MBA admissions chat, we hosted a busy event with the Consortium. Here are a few excerpts from the transcript.

Linda Abraham (Oct 20, 2009 7:05:14 PM)
To all the school reps, does the applicant ranking influence the evaluation of the application?

WendyHuberUVA (Oct 20, 2009 7:06:22 PM)
Linda, applicants should apply as if the schools do not see the ranking. Rankings are only looked at when we are deciding fellowships, they are not used in the admission decision.

JacquelynnDayROCHESTER (Oct 20, 2009 7:09:08 PM)
Linda: While we do consider an individual's rankings, we look at the application as a whole, therefore we encourage students to focus on submitting an overall competitive application

RTorres (Oct 20, 2009 7:05:50 PM)
What happens with applicants that apply to the Consortium and to the specific MBA programs at schools when they are not accepted into the fellowship? How are their MBA applications handled? Are they still considered by the schools?

ErinNicklesburgWISCONSIN (Oct 20, 2009 7:07:59 PM)
RTorres: Each applicant is evaluated independently by each school in terms of both admission and Fellowship decision. An offer of admission does not indicate a guaranteed Fellowship offer, as they are separate. The admission offer will stand regardless of the Fellowship offer. If a Fellowship offer is not given, the applicant will go into the general merit-based aid pool.

AmyPR (Oct 20, 2009 7:12:34 PM)
What is the difference between the November application date and the January application date? Do chances of acceptance increase one date vs. the other?

LaurieShunneyCORNELL (Oct 20, 2009 7:15:21 PM)
AmyPR- Competitiveness for admission and scholarship may increase in later rounds. In general, we recommend submitting the strongest application possible. If you are prepared to apply during the November round, it may help.

UNC Kenan Flagler 2010 MBA Essay Questions

My comments are in red. The essay questions are identical to last year's, as are my comments, with the exception of one new question for essay 4.

Some applicants seek the MBA as a career enhancing tool to accelerate advancement in their current field. Career switchers want the MBA to help launch new career paths. UNC Kenan-Flagler recognizes each of these motivations as legitimate reasons to pursue the MBA, and we encourage both types of candidates to apply.

UNC Kenan-Flagler encourages you to assess your known talents and potential skills, understand your personal style, and confirm your values and interests. If you do this prior to beginning your MBA studies, you will be better equipped to navigate the many options the MBA program will provide. There is not enough time to do all the activities and take all the courses that will be available to you. It is important, therefore, to make your choices based on your own development plan. Think of the UNC Kenan-Flagler MBA application as a first step toward uncovering the unique attributes and goals that will inform your development plan. Please be thoughtful and reflective in your answers.

Essay One (Required)

What are the 2 or 3 strengths or characteristics that have driven your career success thus far? Do you have other strengths that you would like to leverage in the future? (500 words maximum)

Rather than list Strength 1, Strength 2, and Strength 3, I recommend you start with an anecdote that illustrates ideally 2-3 or your strengths and then analyze how they have contributed to your career success. Remember to describe your achievement in terms of impact and quantify as much as possible. Another approach: Describe the accomplishment anecdotally and then go into the characteristics that contributed to it.

In both cases, also include a paragraph about a trait that you would like to use in future projects and successes.

Essay Two (Required)

Briefly describe the career path you intend to pursue immediately after b-school. Explain why this career option appeals to you and why an MBA is appropriate at this time. (500 words maximum)

What do you see yourself doing immediately upon graduation and for the first five years after you graduate? Based on UNC's instructions, you need to have a clear direction and goal when you arrive or you will be lost. Describe why this path attracts you. What experiences have convinced you to pursue it? Why do you need an MBA, especially one with UNC's approach to business education, to proceed down your chosen path.

Essay Three (Required)

What personal qualities or life experiences distinguish you from other applicants? How do these qualities or experiences equip you to contribute to Kenan-Flagler? (500 words maximum)

Everyone has a story. What's yours? What makes you unique? What hobbies and experiences will differentiate you from the IT guy, consultant, real estate developer, or banker that the adcom just read about? How will your perspective contribute to the classroom and community at Kenan-Flagler?

Essay Four (Required)

Kenan-Flagler has five core values: excellence, leadership, integrity, community and teamwork. If you could add one value what would it be and why? Be sure to explain how you have lived this value.
(300 words maximum)

New Question. This excellent question gives you the chance to show what is important to you. The question is very clear. What do you value that is not listed as one of Kenan-Flager's core values? Why do you feel it is important. And finally, when have acted -- invested time and toil-- as a result of this value you hold dear. Feeling and opining strongly are not enough. Action counts.

Essay Five (Optional)

If your GMAT quantitative score is low, or if you have not had coursework in calculus, microeconomics, statistics and financial accounting, please tell us how you plan to prepare yourself for the quantitative MBA curriculum. (300 words maximum)

This is pretty straightforward. Just answer it. You may also want to highlight professional preparation that you have already had in quantitative areas.

Essay Six (Optional)

Is there anything else you think the Admissions Committee should know about you in order to evaluate your candidacy?
(300 words maximum)

My favorite: The optional question. A gift allowing you to give the adcom one more reason to admit you.

If you would like help with UNC's Kenan-Flagler essays, please consider Accepted.com's MBA admissions consulting and editing services or our UNC Kenan Flagler Comprehensive Packages.
 

UNC Kenan Flagler 2010 MBA Deadlines

*Parts I and II must be received by midnight EST

Business school deans and educational thought leaders are doing a lot of soul-searching concerning the role and culpability of graduate business schools in the economic downturn.

• Dean Robert Bruner of Darden on April 5 wrote on Twitter "Controversy over the role of B-schools in the crisis. Did they warn strongly enough about the risks of toxic assets? Probably not."
• Joel Podolny, formerly a professor at Harvard Business School and Stanford Graduate School of Business and previous dean of Yale's School of Management, asks "Are Business Schools to Blame?" He critiques schools for 1) Dividing the "challenges of management and leadership in a dysfunctional way." 2) Communicating the idea that applicants should "measure the MBA degree's benefit in terms of the additional salary they can earn." 3) Lacking contrition and failing to make changes in response to fallout from the crisis. My $.02: While #1 makes sense, I disagree with #2 and #3. Applicants should expect professional advancement from a professional degree and see if the degree will pay for itself. Basic business concept. It's a little too early for the programs to make meaningful changes in response to a crisis that really blew up in September. 
• Steve Kerr, former Chief Learning Officer at Goldman Sachs and at GE, disagrees vehemently in "Don't Blame the Business Schools."
• Henry Mintzburg blasts the business schools (as usual) in "America's Monumental Failure of Management."
• Stefan Stern defends them in "Why MBA bashing is unfair" 
• President of Thunderbird Dr. Ángel Cabrera has been vocal in saying the business schools are culpable.

Additionally, there are a slew of articles in the Harvard Business Review about the responsibility of MBA programs for the financial crisis. 

I would like to highlight today's excellent piece on The Wall St. Journal editorial page by Dr. Michael Jacobs of UNC's Kenan Flagler School of Business entitled "How Business Schools Have Failed Business."

His main points: 

1. Misaligned and dysfunctional incentive programs rewarded short-term gain instead of long-term value creation. Most business schools do not systematically address compensation systems.
2. Corporate boards were "AWOL." Schools don't require courses in board structure, composition, and processes. Courses in "ethics"are not enough and are not the same as governance.
3. The investment community failed to accurately evaluate risks. Jacobs argues that "as the gulf between the provider and the user of capital widens, the risks involved with selecting and monitoring the participants in the portfolio increase."  

Since September the Accepted Admissions Almanac has posted frequently about the impact of the financial crisis on MBA admissions, hiring, and financial aid. We have collected these posts in a free special report Applying to Business School in Times of Crisis.

You will find in the special report articles on:

• Applying while or after a layoff.
• The series "MBA in Finance: Forget It?"
• The disappearance and reappearance of financial aid options.
• The wisdom of applying during times of financial uncertainty.

Please feel free to download and share Applying to Business School in Times of Crisis.

Please also use the comments to share your thoughts on the topics discussed in this special report.

We'd like to hear from you!

As a member of the Association of International Graduate Admissions Consultants (AIGAC), we are conducting a survey to help us better understand MBA applicants’ goals and needs.  If you are or will be an MBA applicant, we invite you to share your priorities and views on the MBA application process. 

This online survey should take just 10 minutes to complete.  We would love to receive as many responses as possible before the closing date of Friday, March 20, 2009 - and AIGAC will be giving away an iPod Touch and two iPod Shuffles as a token of our gratitude! 

Thanks in advance for your participation!

Simply click here to begin.