The Georgetown McDonough MBA: Everything You Need to Know

Shari_HubertGeorgetown McDonough is famous for being the place where business and policy meet, but there is so much more to say about this top MBA Program.

Listen to the recording of our conversation with Shari Hubert, Associate Dean of MBA Admissions at Georgetown McDonough School of Business, for a phenomenal overview of what’s new and exciting at the school.

00:04:38 – About the Full-Time MBA at Georgetown McDonough.

00:08:57 – How the global focus plays out.

00:15:21 – The intersection of Business & Policy.

00:20:15 – Other strengths of the McDonough program.

00:25:14 – The Real Estate Initiative.

00:27:37 – What McDonough is looking for in their one required essay question: “Why You?”

00:29:20 – The admissions office as a resource for applicants and the role of admissions advisors.

00:35:43 – What Shari wishes applicants would think about before applying!

00:39:52 – It’s 10pm and you are reading one last application after a long day: What would make you jump for joy and what would really bother you?

Listen to the full conversation to learn more!*Theme music is courtesy of podcastthemes.com.

Related Links:

Georgetown McDonough MBA 
• 
The Real Estate Finance Initiative
• Where Does Wall St. Hire: U.S. B-Schools Sending Grads into Financial Services
• McDonough on Tumblr
• 
McDonough on Twitter
• McDonough on Facebook
• Global Social Enterprise Initiative
 Georgetown McDonough 2015 MBA Essay Tips & Deadlines
• Georgetown McDonough B-School Zone

Related Shows:

Jeff Reid on Entrepreneurship
• MBA Project Search: Matchmaking for MBAs and Businesses
• Honing in On the Cornell Johnson MBA
• The Tuck School of Business and the Global Insight Requirement

Subscribe to Admissions Straight Talk:

Subscribe to Admissions Straight Talk in iTunes! Subscribe to Admissions Straight Talk in Stitcher!

MBA Admissions A-Z: 26 Great Tips - Download your free copy!

Georgetown McDonough 2015 MBA Essay Tips & Deadlines

Check out the rest of our 2015 MBA application essay tips!Georgetown McDonough, the top MBA program at the intersection of business and government, takes advantage of its Washington D.C. location, its connections to the greater Georgetown University community, and its Jesuit roots while at the same time focusing on the global nature of twenty-first century business.  Your application should show that you need the education provided by McDonough to achieve your goals and that you wholeheartedly embrace its values.

Essay:

Essays should all be double-spaced using 12pt. font. Prepare your attachments offline in separate document files and upload them individually. Please follow the instructions regarding length of each attachment, and label each page with your name.

1. Why You? (Hint: We are looking for an answer that cannot be found from research on our website.) (750 words or fewer)

This question is all about fit. It is an attempt by Georgetown to learn about you and why you think you are a good fit for Georgetown and Georgetown is a good fit for you.  Georgetown wants to see how you think and come to a major decision.

There are lots of different ways to approach this essay. Clearly you shouldn’t spit back the McDonough web site. If you can, talk to current students about the culture and distinctive elements of the program to gain a deeper understanding of it. You also need to reflect on the reasons you personally would choose McDonough. Why is it the best program for you?

You could start with a highly influential experience that influence your decision to pursue an MBA, go into more depth about what you hope to achieve and why you believe Georgetown is the best place for you to achieve it.

Alternatively, you could start with a day in the future where you attain your goal and then circle back to discuss the development of that goal and McDonough’s role in helping you achieve it. You can also discuss how you intend to contribute to McDonought’s community.

In short, why should McDonough accept you? How will you make the school proud that they did?

Optional Essays:

1. If you are not currently employed full-time, use this essay to provide information about your current activities. (250 words or fewer)

Show them that you are using this period to acquire new skills, contribute to your community, or grow in some way.

2. Please provide any information that you would like to add to your application that you have not otherwise included. (500 words or fewer)

Please see The Optional Essay: To Be or Not to Be.

Re-Applicant Essay:

How have you strengthened your candidacy since your last application? We are particularly interested in hearing about how you have grown professionally and personally. (500 words or fewer)

This is a key question (whether asked explicitly or not) for all reapplicants to any MBA program. What has changed? How are you “new and improved” since last year — when you were rejected? Georgetown does you the favor of providing this explicit prompt so you can address this question while retaining the ability to address the main essay.

If you would like professional guidance with your Georgetown McDonough School MBA application, please consider Accepted’s MBA essay editing and MBA admissions consulting or our  MBA Application Packages, which include advising, editing, interview coaching, and a resume edit for the Georgetown McDonough MBA application.

Georgetown McDonough 2015 MBA Application Deadlines:

Application Deadline Decision Notification
 Round 1  October 10, 2014  December 20, 2014
 Round 2  January 5, 2015  March 20, 2015
 Round 3  April 1, 2015  May 15, 2015

Linda Abraham By , president and founder of Accepted.com and co-author of the new, definitive book on MBA admissions, MBA Admission for Smarties: The No-Nonsense Guide to Acceptance at Top Business Schools.

 

Download our free special report: Best MBA Programs

Related Resources:

2015 MBA Application Essay Tips
Optional Essays: When and How to Write Them
• 5 Fatal Flaws to Avoid in Your MBA Application Essays

GRE vs. GMAT: Trends

A recent Poets & Quants article highlights some of the current data surrounding the decision applicants make in choosing between the GRE and GMAT. According to the Educational Testing Service, almost 10% of MBA applicants took the GRE instead of the GMAT in the 2012-2013 testing year, a 38% increase since last year’s testing period.

One factor responsible for this shift is the fact that some major MBA players (mainly Chicago Booth, UC Berkeley Haas, and Georgetown McDonough) finally decided to accept the GRE.

Here are some additional stats:

• 29% of b-schools surveyed by Kaplan Test Prep said that at least 10% of their applicants were GRE test takers. 18% of schools said that their GRE pool was at 18%. 6% of respondents said that their applicant pool was made up of half GRE test takers and half GMAT test takers.

• At Yale SOM, 21% of applicants submitted GRE scores last year, an increase of 18% since the previous year.

• 25% of Notre Dame Mendoza prospective students submitted a GRE score last year, up from 12% previously.

• At UCLA Anderson, only 3% of applicants submitted GRE scores.

• 5% of Columbia Business School applicants took the GRE last year, compared to 2% the year before.

• At Emory Goizueta, 8% of last year’s prospective students took the GMAT, up from the previous year’s 3%.

• Washington Olin’s GRE pool dropped 7% from 31% in 2012 to 24% last year (which is still high).

• Texas McCombs also took a slight dip, from 13% in 2012 to 11% last year.

• In India, the number of GRE test takers increased 68% last year, from 52,792 in 2012 to 88,884 last year. In the U.S., the increase in test takers over that same period was just 5.3%, from 401,286 test takers in 2012 to 422.668 this past year.

Reasons for the Growth in GRE

• Versatility of the GRE. Rob Weiler, UCLA Anderson’s associate dean, points out that many students are submitting scores from GRE tests they took up to a few years ago. “It’s clear that they had graduate school in mind when they took the test but were still considering the best avenue to take for their career,” he says. “Once it became clear that business school was their choice, they used their GRE score to apply.”

• Price. The GMAT is priced at $250, while the GRE costs only $195.

• Rankings and willingness to accept lower scores. The P&Q article states that admissions consultants are suggesting that applicants take the GRE over the GMAT because of the way official rankings take the GMAT into consideration. “So an admissions office might be overly sensitive to a low GMAT score, but might pass on a lower GRE,” states the article, which then goes on to compare GREs and GMATs of accepted students at Yale – the former being lower than the latter. (Using ETS’ comparative tool, the equivalent GMAT score based on the GRE scores accepted at Yale would be 660; the average GMAT score at Yale is 714. A similar phenomenon is found with other programs, with a 91 point gap at Cornell Johnson, a 126 point gap at Washington Olin, and a 118 point gap at Vanderbilt Owen.)

• The ScoreSelect option. This allows test takers to retake the exam and send only their best score to their target schools.

The following chart comes from the P&Q article and shows the percentage of 2012-2013 applicants who submitted GRE scores, as well as the GRE-GMAT differences.

Check out our GMAT 101 Page!

Source: Business schools reporting to U.S. News & World Report

My thoughts

On one hand, the focus on the comparator tool may be misplaced. When I have spoken to admissions committee members about the GRE we spoke in terms of percentile scores. I would love to see this data and the comparison between the GMAT and the GRE comparing percentile scores. I think that would be more worthwhile. I suspect it would still show similar results, but perhaps with smaller gaps.

Regardless of the validity of the comparator tool, this article suggests that the GRE may not only be cheaper, it may in a way take your score out of the public eye. And if you don’t need a high GMAT to snag an interview at an elite bank or consulting firm, and you’re struggling with the GMAT, the GRE may be a better test for you.

Although I can’t locate the blog post, soon after schools started accepting the GRE in greater numbers, I suggested that those of you with other evidence of academic ability who are struggling with the GMAT should contemplate applying with the GRE. I felt that because the GRE is not reflected in the published GMAT averages that applicants, alumni, and employers use as a quick-and-dirty reflection of student “quality,” submitting a GRE score instead of the GMAT would give admissions officers wiggle room to focus on other aspects of your application. It would allow them to consider your application without worrying about a hit to their GMAT average.

On the other hand if you can do well on the GMAT, go for it. Schools want GMAT bragging rights.

Got GMAT Questions? Visit GMAT 101 for advice.

Linda Abraham By , president and founder of Accepted.com and co-author of the new, definitive book on MBA admissions, MBA Admission for Smarties: The No-Nonsense Guide to Acceptance at Top Business Schools.

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

According to GMAC’s just released Prospective Students Survey Report, 37% of prospective MBA students hope to go into finance after they earn their degree, making it the most popular post-MBA destination. If you fall into this crowded category, then you’ll be interested in knowing which b-schools prepare the most grads for jobs in financial services.

As you’ll see below, we’ve created two charts (based on data from U.S. News’ top 25, which happens to have 26 schools because of a tie for 25th place) that display the U.S. schools with the highest percentage of grads going into financial services and those with the highest number of grads reporting financial services jobs. We did not include non-U.S. programs because U.S. News doesn’t rank them, and we wanted the data to be consistent. There are definitely financial powerhouses outside the U.S.

Want to learn more? Get your free copy of MBA in Sight: Focus on Finance

For more information about the top MBA programs, check out our B-School Zone pages.

The top names on this list, in terms of absolute numbers, are the standard bearers in finance, known as Wall St. breeding grounds. I was a little surprised at how low MIT Sloan came out on both totem poles. It has very prominent faculty in finance, including Nobel Prize winner Robert C. Merton. Perhaps those smaller schools known for entrepreneurship, like Stanford, MIT Sloan, and Haas, are sending more of their graduates into non-traditional fields. Consequently they will not do as well in this kind of a ranking even though they have the curricular, co-curricular, and placement ability to support financial services goals.

Can you put less weight on attending schools at the top of the list even though you may want to go into financial services when you graduate? You can if you’ve already worked in financial services and are looking to get a broader understanding of business, management and leadership through the MBA. Those of you with that background already have valuable skills and a relevant network. Those of you looking to get into financial services for the first time, however, will probably want to look more closely at the programs higher up this list.

Realize that these lists don’t reflect the class profile of the programs or the typical credentials of admitted applicants. You need to know that information too to assess your competitiveness when choosing where to apply. Washington Olin (2nd in percentages) has an average GMAT of 696. UNC Kenan-Flagler (ranked #4 in percentages) has an average GMAT of 683. Both schools send 32% and 28% of their grads respectively into financial services. For those of you without GMAT bragging rights or other qualifications to get into Chicago (average GMAT 723), Columbia (716), and Wharton (average GMAT 725) — the leaders on this list in absolute numbers and overall USN ranking – Olin and Kenan-Flagler may be a good alternative and at least start you down your desired career path.

Much as I did with the similar data we compiled on consulting I must issue a warning: This list or ranking is valuable, but it doesn’t tell the whole story. “Financial services” is a very broad category covering everything from private equity and venture capital, to investment banking, money management, corporate financial analyst positions, and even good old bean counting (AKA accounting). Clearly your specific area of interest is critical, and you have to dig deeper into the employment reports at your target schools to confirm strong placement in your particular area of interest. Also understand how the curriculum and co-curricular activities, events, and clubs will help you do what you want to do after your MBA.

You want to attend a b-school that will help you realize your career goals. Identifying schools with exceptional track records for students with similar goals – especially for those of you seeking to change industries and enter financial services – is an excellent place to start when choosing which MBA programs to apply to, and ultimately, deciding where to attend. This list helps you focus your research. It is the starting gate, not the finish line.

Discover the Secret to Acceptance at Columbia Business School! Click here to register for the free webinar!

Linda Abraham By , president and founder of Accepted.com and co-author of the new, definitive book on MBA admissions, MBA Admission for Smarties: The No-Nonsense Guide to Acceptance at Top Business Schools.

Consulting at Top MBA Programs

MBA In Sight: Focus on Management Consulting - Click here to download your copy!Entrepreneurship is the sexy post-MBA job, but the reality is that less than 5% of grads from top MBA programs start a business at graduation. Per GMAC’s just released Prospective Students Survey Report, 34% of all graduate business students seek consulting positions after they earn their degree. My suspicion is that the figure is even higher among full-time MBA candidates. True, many will work as consultants for a few years, and then down the road start their own business.

If you are in that vast mass of MBA wannabes planning/hoping for a job in consulting immediately after you earn your degree, this ranking is for you! We’ve examined US Newstop MBA programs and the number of grads who have gone into consulting from each one. (The data here is from U.S. News.)

Schools Ranked by Percentage of Grads Going into Consulting

Schools Ranked by Number of Grads Going into Consulting

The biggest surprise is how low Stanford places on these lists. I would attribute that low ranking to the relatively high percentage of MBAs going into entrepreneurship (approximately 18%, the highest of any of these programs by far.).  Yale’s placement as #1 in percentage as well as Duke Fuqua’s, CMU Tepper’s and Emory’s as respectively #2,#6 and #8 on the percentage list also indicate real strength in consulting placement, which sometimes isn’t recognized.

Similarly Wharton’s #1 placement and Chicago Booth’s #4 spot in total numbers call into question the meme that these two programs are “just” finance powerhouses.

Certainly a high ranking in either of these lists indicates that the program has the recruiting ties, placement track record, and alumni network, as well as the curriculum, to support your consulting goals.  However, these numbers don’t tell the full picture. Dig into the schools’ class profile, placement stats, curriculum, extra-curricular activities and opportunities to determine which schools to apply to.

Ultimately you want to apply to programs that will take you where you want to go and that are likely to admit you.

Click here to download your free copy of Focus on Management Consulting

Linda Abraham By , president and founder of Accepted.com and co-author of the new, definitive book on MBA admissions, MBA Admission for Smarties: The No-Nonsense Guide to Acceptance at Top Business Schools.