MBAs Across America: The Coolest HBS Internship

Attention guys and gals developing business plans on the backs of napkins or elsewhere:

Does an MBA, specifically an MBA from a top program, really offer something valuable for entrepreneurs? Listen to the full recording to hear Linda Abraham explore this question and much more with entrepreneurs Casey, Hicham, Amaris, and Mike of MBAs Across America.

MBAs Across America

00:01:55 – 10 weeks in 10 cities: An internship HBS has never seen before. Meet the MBAs Across America team.

00:02:43 – The genesis of an awesome idea – it all started at dinner with friends and a travel-bug.

00:04:10 – There is no getting around it, Linda is jealous.

00:04:27 – Working and learning with visionary entrepreneurs in overlooked locations. How the itinerary was developed (and how a town of 900 people made it onto the list of destinations).

00:07:19 – What value will MBAs Across America provide for the businesses it works with? And a word about the storytelling component.

00:10:02 – Personal goals for the program: see the country, have fun, create a replicable model for future grad students worldwide, and more (I’m not giving it all away in the notes).

00:14:30 – What are their post-MBA goals and how does MBAs Across America fit into their plans?

00:17:57 – Given your entrepreneurial leanings, why Harvard Business School?

00:20:08 – Harvard’s supportive response to this unconventional internship idea.

00:22:42 – Some refreshing comments about honesty in admissions, going to grad school for a good reason (yay!), and priorities (high starting salary vs. impacting the world).

00:25:02 – Mike wants to be the CEO of GE. ;-)

00:27:44 – Great tips for HBS applicants from those who’ve been there.

00:32:58 – MBAs Across America is awesome! Go ahead and donate now to be a part of this internship revolution!

Admissions Straight Talk Subscribe to Admissions Straight Talk in iTunes to keep up with the latest in admissions news and trends! And we do love a bit of feedback…

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Shownote Links:

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Tips for Tackling Team Interviews

MBA Interview

“Take a stand and support your position.”

With the emerging trend of group interviews at schools like Wharton, applicants need to understand that team interviews require a different set of skills than individual interviews.  I liken individual interviews to blind dating.  With individual interviews and blind dating, both parties are trying to figure out if they want to spend more time together. Personality, passion and concise, yet interesting stories will pique the interest of the admissions committee.   Group interviews and activities reflect the skills you will learn in an MBA case class (example of HBS case classroom).  You will be asked to take a stand and support your position.

Prior to a team/case-based interview I recommend:

  • Review the materials the school offered you prior to the interview.
  • Read Marc Consentino’s Case in Point and use the material in the book to help you build frameworks that support your theory.
  • Use friends, family and colleagues as well as our consultants at Accepted.com to role-play with you.

During the interview I recommend that you:

  • Participate.
  • Support your point.
  • Build on other applicants’ ideas if they support your theory.
  • Use evidence to refute (without being confrontational) other applicants’ points if they don’t support your point.
  • Don’t take over the conversation, but engage others and persuade them toward your opinion.
  • Base your comments on your expertise. (“When I was working at XYZ company, we had a similar situation…)

Both types of interviews measure skills that are equally necessary to achieve success at school.  Team interviews require critical thinking, listening, persuasion, and leadership.   Personal interviews require one-on-one presentation and interpersonal skills as well as self-awareness.

Please don’t hesitate to contact me at natalie@accepted.com with any questions you have regarding interview preparation.





Natalie Grinblatt EpsteinBy Natalie Grinblatt Epstein, an accomplished Accepted.com consultant/editor (since 2008) and entrepreneur. Natalie is a former MBA Admissions Dean and Director at Ross, Johnson, and Carey.

 

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Thanks for a wonderful 2012!

For this last post of 2012, I thought you might be interested in what you — our readers, visitors, clients, and friends — visited, read, and watched the most in 2012.

Top Ten Most Visited Accepted Admissions Blog Posts of 2012:

  1. Harvard Business School 2013 Essay Tips
  2. INSEAD 2013 MBA Essay Tips
  3. Tips for Completing Your Princeton Supplement to the Common Application
  4. 2013 Common Application Essay Tips
  5. Tips for Completing Your Columbia Supplement to the Common Application
  6. Tips for Completing Your Brown Supplement to the Common Application
  7. Kellogg 2013 MBA Essay Tips
  8. Duke Fuqua 2013 MBA Essay Tips
  9. Indian School of Business 2013 Essay Tips
  10. MIT Sloan 2013 MBA Essay Tips

5 Most Popular Articles

  1. Writing Your Grad School Personal Statement
  2. Go for the Goals in Your Statement of Purpose
  3. Tips for Writing Letters of Recommendation
  4. MBA Admissions: Low GMAT or GPA
  5. 4 Must-Haves in Residency Personal Statements

And what’s the absolute best at Accepted.com? What do I like the best? YOU!  The wonderful people who are our readers, followers, circlers, fans, friends, participants, and most of all, our clients.

Thanks for a wonderful 2012. Bring on 2013!



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Thinking about Harvard’s MBA Interview Reflections

I’ve been thinking about Harvard’s new interview reflections:

And just as you frequently do when you replay an interview in your mind after you walk out of the cubicle, I had a few more thoughts when I replayed the video:

  1. Several times I mention that you will need to choose from the notes that I recommend you jot down after the big event. How should you choose?  Choose those elements that relate what you want HBS to truly know about you.
  2. I suggest that you try to close with a reference to some point in the interview that you feel you aced. I would like you to avoid having the reflections be solely about clarifications and I-forgot-to-mention. Keep it positive, but don’t shoe-horn in a topic that doesn’t fit be it from any of the three categories I outline in the video.
  3. While the email metaphor connotes dialogue and conversation, it does not imply or permit a lack of professionalism. We’re not talking text messages, IMs or tweets here. Keep it well-written, grammatical, and professional.

I’d love to hear your thoughts on your Harvard (and all other MBA) interviews. Please share your interview experience in the MBA Interview Feedback Database. Doing so automatically enrolls you in our It’s a 10! Contest. There are lots of winners, and you could be one!

And most importantly,  if you would like help with your MBA  interview and the Harvard reflections, we’re more than happy to help with both.

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.






MBA Admissions: Harvard Business School & Finance

Harvard Business School

HBS ranks in first place.

A quick glance at Harvard Business School: HBS currently ranks in first place (tied with Stanford) as the best business school, according to US News & World Report (March 2012). It was ranked as seventh for finance.  

Harvard Business School Class of 2014 Profile

8,963 people applied to Harvard Business School in 2012; 13% were admitted and 925 enrolled.

The Harvard class of 2014 students have an average age of 27 and a median GMAT score of 730. 43% of students have educational backgrounds in economics and business. 12% (or 112 students) worked in financial services prior to attending b-school.

HBS Academics Related to Finance

The Harvard Business School curriculum is divided into two parts: the required curriculum (RC) and the elective curriculum (EC). Students spend their first year taking RC courses which cover fundamental business practices, as well as FIELD courses, smaller, hands-on projects that complement the case-method style used in the RC courses.

Term 1 Required Courses:

  • Finance 1
  • Financial Reporting and Control
  • Leadership and Organizational Behavior
  • Marketing
  • Technology and Operations Management

Term 2 Required Courses:

  • Business, Government, and the International Economy
  • Strategy
  • The Entrepreneurial Manager
  • Finance 2
  • Leadership and Corporate Accountability

Elective courses in the second year enable students to delve deeper into the subject areas that most interest them.

Finance Courses:

Course Title Faculty Name Credits
Behavioral and Value Investing Robin Greenwood 3.0
Business at the Base of the Pyramid (also listed under Marketing ) Shawn ColeMichael Chu 3.03.0
Corporate Financial Management Lucy White, Yuhai Xuan 3.0
Creating Value in Business and Government (HKS-HBS Joint Degree Seminar) W. Carl Kester, John D. Donahue 3.0
Creating Value Through Corporate Restructuring Stuart Gilson, Bo Becker 3.0
Dynamic Markets Joshua D. Coval 3.0
Entrepreneurial Finance (also listed under Entrepreneurial Management) William Sahlman, Joseph Lassiter, Ramana Nanda 3.0
Field Course: Entrepreneurship through Acquisition (also listed under Entrepreneurial Management) Richard S. RubackRoyce Yudkoff 3.0
Field Course: Housing in the United States Nicolas Retsinas 3.0
Field Course: Impact Investing and Social Commercial Models(also listed under Marketing) V. Kasturi RanganMichael ChuShawn Cole 3.0
Field Course: Stock Pitching Lauren Cohen, Christopher J. Malloy 3.0
Financial Management of Smaller Firms (also listed under Entrepreneurial Management ) Richard S. RubackRoyce Yudkoff 3.0
Introduction to Financial Institutions (also listed under General Management) Robert C. Pozen 3.0
Investment Strategies Lauren Cohen, Christopher J. Malloy 3.0
Management of Real Estate Investment Portfolios: Q3 Nori Gerardo Lietz 1.5
Management of Real Estate Investment Portfolios: Q3Q4 Nori Gerardo Lietz 3.0
Private Equity Finance Paul A. Gompers, Victoria Ivashina 3.0
Real Asset Finance Andre F. Perold 1.5
Real Estate Development, Design, and Construction John Macomber, Christopher GordonA. Eugene Kohn 1.5
Real Estate in Frontier Markets Nicolas Retsinas 3.0
Real Property Arthur Segel 3.0
Sustainable Cities; Urbanization, Infrastructure, and Finance John D. Macomber 1.5
Venture Capital and Private Equity (also listed under Entrepreneurial Management) Matthew Rhodes-Kropf, Alexander Ljungqvist 3.0
Venture Capital in Historical Perspective (also listed under Entrepreneurial Management) Tom Nicholas, G. Felda Hardymon 1.5
Venture Capital in Historical Perspective: Research Component (also listed under Entrepreneurial Management) Tom Nicholas, G. Felda Hardymon 1.5

Clubs for HBS Finance Students

Financial Services Employment Stats at Harvard Business School

35% of the class of 2012 graduates received jobs in the finance industry. See chart for sub-categories and salary details:

Class of 2012 Salary by Industry Destinations % 25th % Base Salary Median Base Salary 75th % Base Salary Median Signing Bonus % Receiving Signing Bonus
Financial Services 35% $100,000 $125,000 $150,000 $40,000 62%
Commercial Banking <1% * * * * *
Diversified/Insurance <1% * * * * *
Hedge Fund 5% $125,000 $142,500 $150,000 $27,500 50%
I-Banking 7% $100,000 $100,000 $100,000 $40,000 97%
I-Management 4% $110,000 $115,000 $125,000 $32,500 95%
Private Equity/LBO 15% $133,750 $150,000 $200,000 $30,000 43%
Venture Capital <1% * * * * *
Other Financial Services 2% $97,500 $100,000 $115,000 * *

And by function:

Class of 2012 Salary by Functional Destinations % 25th % Base Salary Median Base Salary 75th % Base Salary Median Signing Bonus % Receiving Signing Bonus
Finance 36% $100,000 $125,000 $150,000 $35,000 63%
Accounting/Auditing <1% * * * * *
Corporate Finance <1% * * * * *
Investment Banking 6% $100,000 $100,000 $100,000 $40,000 96%
Investment Management/Hedge Fund 9% $110,000 $125,000 $150,000 $30,000 71%
Sales & Trading <1% * * * * *
VC/Private Equity/LBO 16% $127,500 $150,000 $200,000 $25,000 42%
Other Finance 4% $100,000 $107,500 $115,000 $20,000 73%

Historically by industry:

  2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Financial Services 41% 28% 31% 36% 42% 44% 45% 31% 34% 39%
  Investment Banking 13% 7% 6% 7% 10% 11% 9% 6% 10% 10%
  Investment Management 9% 7% 7% 10% 10% 12% 10% 8% 9% 12%
  Private Equity / LBO 9% 6% 9% 9% 13% 12% 17% 11% 9% 14%
  Venture Capital 3% 2% 2% 3% 3% 3% 4% 2% 3% 1%
  Other Finance 7% 6% 7% 7% 6% 6% 5% 4% 3% 2%

Historically by function:

  2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Finance – Corporate 3% 10% 6% 7% 6% 8% 2% 2% 2% 1%
Finance – Professional Services 32% 18% 25% 30% 34% 37% 43% 30% 32% 38%

(These statistics – and more – can be found on HBS’s Employment Statistics page.)

A Few Finance Recruiters at HBS

  • Goldman Sachs
  • Morgan Stanley
  • Merrill Lynch
  • Credit Suisse
  • Citigroup
  • Bain Capital, Inc.
  • Fidelity Investments
  • UBS Investment Bank
  • The World Bank Group

Are you applying to Harvard Business School? Please see our Harvard B-School Zone, Harvard Application Packages, and Harvard Business School 2013 Essay Questions and Tips for more information on how Accepted.com can help you get accepted.

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MBA Admissions: Harvard Business School & Management

Harvard Business School

Harvard Business School

A quick glance at Harvard Business School: HBS currently ranks in first place (tied with Stanford) as one of the best business schools, according to US News & World Report (March 2012). It was ranked #1 in management.  

Harvard Business School Class of 2014 Profile

8,963 people applied to Harvard Business School in 2012; 13% were admitted and 919 enrolled.

The Harvard class of 2014 students have an average age of 27 and a median GMAT score of 730. 43% of students have educational backgrounds in economics and business, to make that the most common educational background in the HBS class.

HBS Academics Related to Management

The Harvard Business School curriculum is divided into two parts: the required curriculum (RC) and the elective curriculum (EC). Students spend their first year taking RC courses which cover fundamental business practices, as well as FIELD courses, smaller, hands-on projects that complement the case-method style used in all RC courses.

Term 1 Required Courses:

  • Finance 1
  • Financial Reporting and Control
  • Leadership and Organizational Behavior
  • Marketing
  • Technology and Operations Management

Term 2 Required Courses:

  • Business, Government, and the International Economy
  • Strategy
  • The Entrepreneurial Manager
  • Finance 2
  • Leadership and Corporate Accountability

Elective courses enable students to delve deeper into the subject areas that most interest them.

Here is a sampling of the many courses offered at HBS that could be of interest to a manager and organizational leader:

Acting in Time: Strategy and Leadership in the face of Large-Scale Risks

Building and Sustaining a Successful Enterprise

Different (formerly known as Consumer Marketing)

Doing Business in China

Entrepreneurial Solutions for Market Failure

General Management: Processes and Action

Introduction to Financial Institutions

Leading And Governing High Performing Nonprofit Organizations

Legal Aspects of Entrepreneurship

Legal Aspects of Management

Managing Change

Managing the Financial Firm

The Moral Leader in Literature, Film, and Art

Power and Glory in Turbulent Times: The History of Leadership from Henry V to Mark Zuckerberg

Field-based leadership courses, which count towards elective credits, include the following management courses:

Field Course: Entrepreneurial Solutions for Market Failure
Field Course: Health Care Computer Assisted Innovations
Field Course: Innovating in Health Care
Field Course: Impact Investing
Field Course: Planning Your Business in China
Field Course: Social Innovation Lab

In addition to the above, students may also choose to participate in the Immersion Experience Program (IXP). Projects in IXP are off-campus, experiential learning opportunities and have an international component.  Here are the IXP’s scheduled for 2013:

  • China: Current Challenges, Future Opportunities
  • China: Healthcare in China—Opportunities in Innovation and Integration
  • China: Understanding China’s Business Environment
  • Japan: Innovating for Relief; Organizational Strategy Post-Disaster
  • Peru: Inclusive Growth
  • South Africa: Innovating for Sustainability in an Emerging Market

Management Research Centers and Initiatives at Harvard

Extracurricular Clubs, Activities, and Competitions for HBS Entrepreneurship Students

Management Stats at Harvard Business School

11% of the class of 2012 graduates secured jobs with a general management function. That percentage is broken down further as follows: general management, 7%; manufacturing/operations, <1%; project management, 2%; other general management, <2%.

For internships, 9% of class of 2012 students obtained general management positions, with 3% in general management, 2% in manufacturing/operations, and 3% in project management.

Many students who focus on general management take a position in strategy consulting upon completing their MBA. Others become managers or go into rotational leadership programs at major corporations and conglomerates.

To see the broad array of companies recruiting at HBS, please see HBS Recruiting Partners.

Are you applying to Harvard Business School? Please see our Harvard B-School Zone, Harvard Application Packages, and Harvard Business School 2013 Essay Questions and Tips for more information on how Accepted.com can help you get accepted.

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Current Student Interview – Anthony from Harvard Business School

Anthony Lallier

HBS graduate – Anthony Lallier

Here’s a talk with Anthony Lallier who just graduated from Harvard Business School and will start work at Bain & Company in the Paris office beginning in September. Thank you Anthony for sharing your thoughts and experiences with us!

This interview is the latest in an Accepted.com blog series featuring interviews with current MBA students, offering readers a behind-the-scenes look at top MBA programs. We hope to offer you a candid picture of student life, and what you should consider as you prepare your MBA application.

Accepted: First, can you tell us a little about yourself: Where are you from? What and where did you study as an undergraduate and when did you graduate? 

Anthony: I am a French citizen who worked and lived in 5 different countries and speaks 4 different languages. I have worked as a marketing manager for more than 4 years in a big German CPG firm called Henkel. As an undergraduate, I studied Marketing and Management at EM LYON Grande Ecole in France and completed my master degree in 2006. On a more personal note, I am an avid tennis player and love cooking for my friends recipes that I learnt from a 3-star Michelin chef.

Accepted: Why did you decide to pursue an MBA in the U.S.? Do you plan on continuing to live in the U.S.? 

Anthony: To my mind, when you already have a diploma from a great undergraduate institution in Europe, a European MBA has not enough to offer to justify the commitment and cost. When it comes to Asian MBA programs, I had the feeling that both the academic offer and the network associated were not yet at par with U.S. programs. However, this might change soon due to the recent effort top schools in this region have made. Last but not least, I have always loved the U.S. business culture focused on hands on management and passion for results. This is why getting into a top U.S. b-school was my goal. Later on, I have decided for personal reasons to move back to Europe but I am convinced that the MBA credentials will help me to land a job in any international location any time in the future.

Accepted: What were some of your favorite things about HBS? Is there anything about the program you would have changed? 

Anthony: Without a doubt the quality of the education I received at HBS is not something anyone can dispute. Professors are smart yet approachable and always there to help you out and go the extra mile if you need any specific support. Most students have very solid business experience and even if the average age is rather young, you can be sure that most students have extraordinary achievements to share from the private or corporate life. Along those lines, I must add that coming from Europe where most institutions are kind of state-owned and therefore always short of budget, I also enjoyed the quality of the infrastructure that HBS has to offer (from comfortable classrooms to an amazing gym and an excellent cafeteria). On a less serious note, while HBS is an artificial bubble with its own campus, I had great opportunities to travel around the world during my two years both for leisure and academic purposes including a trip to Haiti to support local entrepreneurs rebuild their business after the 2010 earthquake. If I was the dean I would take more into account that education and business are now fully global. HBS pretends that 35% of students are international but in my opinion this statistics is not worth much considering that many of those students are either bi-nationals (American and French for instance) or have been living in the U.S. for several years (undergraduate already in the U.S. and then career in the U.S.) before b-school. Along those lines, most seminars are focused on U.S. business issues like the U.S. competitiveness challenge. As a consequence, I don’t really see a true diversity at HBS.

Accepted: Where you involved in any clubs at HBS? How important do you think it is to supplement your education with these extracurricular activities? 

Anthony: I was co-president of the Club des Francophones and an active member of a few other clubs including the soccer club and the Wine and Cuisine Society. Most people at HBS join 4 to 6 clubs in order both to supplement their education and have fun! It is a great way to develop friendships beyond the section experience during the first year. This is especially important because you can’t choose any of your section mates by definition, therefore joining clubs allows you to casually meet people with whom you probably have a common interest. Unsurprisingly, networking at HBS is part of the daily experience and clubs as well as fun social events are a great way to extend your circle of friends.

Accepted: I see you were a summer intern at Bain & Company. What was your experience like there? And what role did Harvard play in helping you secure that position? 

Anthony: I loved it even though consulting (while it is one of the biggest job feeders) is not as popular as it used to be. I had offers at all top consulting firms but chose Bain & Company based on the personal interactions I had during the interview process. I felt that I had a better fit with the firm and my summer experience just confirmed it. To be honest, it was a tough internship with long working hours but people were passionate and willing to share and support you when needed. Consulting is a good match for people who love learning and working in project teams. HBS had a positive impact on my application for three reasons: first, the HBS credentials help you get an interview. Second, the HBS case method (while being different than consulting case interviews) helps you structure your thoughts the way consultants do. Third, HBS has very strong ties with top consulting firms through faculties, admission and the consulting club. As a result, you get to know pretty quickly what the value proposition of each firm is and you can leverage multiple resources to prepare for the case interview (case mock up interviews, workshops with experts, coffee chats with recruiters, etc.).

Accepted: What do you have lined up career-wise now that you’ve graduated? 

Anthony: Before starting for real at Bain & Company in September, I am currently working with two French HBS classmates to launch a startup in the mobile payment industry in Europe.

Accepted: Do you have any advice for some of our applicants who will be applying to HBS? 

Anthony: I read once that HBS applicants should both “Fit In & Stand Out“…I would recommend any serious applicant to focus at least 2/3 of his or her preparation on the “Stand Out” part because this is how you succeed! HBS knows pretty rapidly if you are intellectually capable but it is much harder to see through most applicants’ essays their personality but this is what truly matters. HBS is mostly looking for impact and leadership so try to frame most of your stories around those themes by showing how differently you approach issues and what would be your unique contribution to any social group you join. Good luck from Paris!

For specific advice on how to create the best application for HBS, please see Linda’s 2013 Harvard Business School MBA Essay Tips.


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WSJ Interviews Dee Leopold: HBS Admitting More Engineers

Harvard Business School admissions

Harvard Business School

Today’s Wall St. Journal provides an excellent interview with Dee Leopold, Director of Admission at Harvard Business School.

A few highlights:

  • WSJ: “Ms. Leopold personally reads applications for the 1,800 candidates invited to interview. About half of those are accepted.”
  • Dee Leopold: “Sometimes the challenge in the essays is to be honest and to be clear. It may be helpful for someone to say, ‘I have no idea what you’re talking about.’ De-jargonizing is helpful.”
  • Dee Leopold: “The best recommendations have a lot of verbs. They say, ‘She did this,’ versus adjectives that simply describe you.” (LA: Same is true of MBA essays and interview responses.)
  • Dee Leopold: “ We like to think that our arrogance detectors are pretty good. We’re looking for confidence, with humility.”
  • Dee Leopold: “I do see more people coming from entrepreneurial backgrounds, and we have more engineers. “

The last point was particularly timely because yesterday we uploaded our latest video, MBA Admissions Tips for Engineers, to Accepted’s YouTube channel, Eye on Admissions.  If you are an engineer applying to HBS or other top MBA programs, the simple approach provided in this video will help you “de-jargonize” and focus on what’s important to your readers.


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Linda AbrahamBy , President and Founder of Accepted.com, co-author of MBA Admission for Smarties: The No-Nonsense Guide to Acceptance at Top Business Schools.




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MBA Admissions News Roundup

  • How To Make or Break an MBA Admissions Interview- Adam Markus’ Blog gives b-school applicants some helpful tips on what not to do in an admissions interview. For example, Markus explains that surefire ways to blow your interview are: forgetting to review your resume and essay in advance, not researching the school before you meet your interviewer, and forgetting to prepare some good questions to ask during the interview. However, if you remember all these steps, dress appropriately and explain why the school is your first choice then you should knock it out of the park.
  • And You Think You Had a Hard Time Applying to B-School!- The Financial Times tells the story of a platoon leader, Aaron Perrine, applying to MBA programs while leading his troops in Afghanistan. After being accepted to Wharton, Perrine and a second-year classmate started the Wharton Veterans Club to help fellow veterans apply to b-school. As it turns out, veterans are great material for MBA programs and future employers because they “possess proven leadership skills, a solid work ethic and a team-player mentality.”  So while applying in the midst of a mission in Afghanistan isn’t easy, it’s good to know that being in the military can also help your chances of getting into b-school.
  • How Ethical Is Your B-School?- Poets and Quants reports that a survey of academics published in the journal Business and Society showed the University of Virginia’s Darden School of Business and the University of Pennsylvania’s Wharton School are the “clear leaders in the field of business ethics.”  Harvard Business School was the third leading school listed, but the irony behind this honor is that both Wharton and Harvard graduates have played prominent roles in business scandals in the past year. Darden, on the other hand, has shown tremendous dedication to ethics with its Business Roundtable Institute for Corporate Ethics.
  • Kellogg is Shrinking- Poets and Quants reports that Northwestern University’s Kellogg School of Management has decided to accept 25% fewer students to its 2-year MBA program. Meanwhile, the school plans on doubling or even tripling the size of its one-year MBA program for business graduates. After doing a review the school discovered that its 12-month MBA program for students with an undergraduate business degree was more valuable than its 2-year program. The school will also expand its executive education courses in both Shanghai and San Paulo with partner schools, but it will not be launching additional degree programs abroad.

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MBA Admissions News Roundup

  • New Semester Begins with Good News- BusinessWeek reports that MBA candidates are coming back to campus for their final semester with interviews and internships in their back pockets. While there was concern that increased recruiting in 2011 meant that there might be a drop in 2012, the increase in on-campus recruiting and the fact that internship interviews are up 13% on some college campuses indicates that the job market will be strong for 2012 MBA graduates as well.
  • Get Ready for Round Two- Harvard Business School announced that its second round interviews will take place between February 15 and March 9. HBS will be interviewing on the HBS campus as well as in London, Paris, Shanghai, Mumbai, Dubai, San Francisco, Palo Alto, and New York.  Invitations for round two interviews will be sent out on January 31, February 7, and February 14. Remember, what day you receive your interview invitation is not a reflection of the strength of your candidacy. If you are not chosen as a candidate you will be notified by February 14.
  • New MiM in Arizona- Poets and Quants announced that Arizona State University is starting a new nine-month Master’s in Management (MiM) program, which will cost $36,844 for non-residents and $22,750 for in-state residents. While the accelerated MiM is a very attractive degree because you save money and get your diploma in a short amount of time, graduates of these programs earn much less than MBA grads and miss out on the important opportunity of a summer internship. Regardless, MiMs are growing in number and had a 69% increase in applications last year.  The Carey School has started accepting application for fall 2012.
  • Out With Banking And In With Manufacturing- The Economist looks at a survey carried out by Antal, a recruitment agency, that shows the best hiring prospects in the beginning of 2012 will be for professionals and managers in manufacturing.  Yet a recent survey conducted by Universum shows that American MBAs still prefer financial services giants such as Goldman Sachs, JP Morgan, Blackstone Group and Morgan Stanley as their top career choices.  Since these banks have cut down on hiring, schools are pushing graduates to consider jobs in the energy sector or “dirty” industries, such as metals, mining, engineering and tobacco.

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