When You Receive College Rejection Letters

Don’t allow the colleges’ admission decisions to define you.

Don’t allow the colleges’ admission decisions to define you.

Accepted’s college admissions expert, Whitney Bruce, responds to Suzy Lee Weiss’s Wall Street Journal op-ed piece, To (All) the Colleges That Rejected Me.”

When I work with high achieving students, as I presume Suzy Lee Weiss to be, we talk about failure. To the straight-A, student leader, it’s often a foreign concept in 11th grade. Such students have worked hard and been justly rewarded for their intelligence and their efforts. When I worked in college admissions, I used to visit Taylor Allderdice High School; the school has many such motivated and talented students.

For these students, March can indeed be the cruelest month. The low acceptance rates to many of the most selective colleges are staggering. As a counselor, I’m finding it harder and harder to identify great colleges for my students who have everything going for them, but as Ms. Weiss essentially admits, don’t walk on water. They’ve excelled in the classroom and made a difference in their community. But in the age of increasing applications, there are simply too many of them, capable of succeeding on these highly sought after campuses for most to receive an offer of admission.

As awful as it seems, when faced with fewer options than one might hope, especially in comparison to peers, it’s important to put the disappointment behind you. For a day or two, cry, groan, and complain to your parents about what might have been. Then look to the future.

The college you choose to attend this month will become your home for the next four years and an affiliation for a lifetime. Six months ago, this college received your application because you, the student, felt like it was a good fit. It still is. Embrace your college choices, order the sweatshirt, and be proud of all you have accomplished in high school.

Don’t allow the colleges’ admission decisions to define you. Define yourself.



Whitney Bruce

By Whitney Bruce, who has worked in college admissions since 1996. She has served as a Senior Assistant Director of Admissions (Washington U), Application Reader (University of Michigan), Assistant Director of College Counseling (private prep school in St. Louis), and an independent college counselor. She is happy to advise you as you apply to college.

Does Interview Prep Make You Phony?

Wharton 8I was thrilled Thursday to be quoted in The Wall Street Journal’s “Frankly, Wharton Wants Candor,” which focused on Wharton’s Team Based Discussion (TBD) and Harvard’s interview reflections. I disagree, however, with disingenuous arguments in the article that applicants who seek to prepare beyond a school’s recommendation are intrinsically less than genuine.

I sat in on several of Accepted’s mock team-based discussions and was impressed with the evaluative power of the TBD. It is a great tool for discerning differences in interpersonal and communications skills.

I was also pleased with the feedback that we received from our mock TBD participants: 100% of those who provided feedback felt the mock interview to be a valuable practice. A dress rehearsal really. And professionals rehearse.

You can ad-lib a lie, prepare facts.

It is fallacious to think that practice leads to a lack of authenticity. You can ad-lib a lie and prepare facts. Winging it and honesty don’t correlate. In fact, one has nothing to do with the other.

However, practice and preparation do correlate with achievement. They contributed to bringing applicants to the point where schools like HBS and Wharton invite them to interview.

Should students not study or practice so they can be candidly ignorant when asked to give a class presentation? Take a test? Should they wear jeans and t-shirts so they can be more “authentic”?

Would Wharton or Harvard want their students to ad-lib and improvise for job interviews? Would they advise applicants to go to a job interview for, let’s say McKinsey or Goldman, and just “relax, be genuine,” and “enjoy the opportunity for [the prospective employer] to get to know you?”

Yeah, right.

And what about employers? Why aren’t they upset when MBAs, with the schools’ support and urging, spend hours prepping for interviews? As Accepted’s Todd King, author of Handling Wharton’s Team-Based Discussion, notes in an internal discussion:

“So, what do consulting and banking firms do in their hiring that allows them to bring on great people without complaining about ‘over-prepared’ recruits?  … they knew good and well that every candidate had thoroughly reviewed and practiced whatever big case-study book had been compiled by the school’s management consulting club.  Those firms found good people – and they didn’t complain about those people being extremely prepared; they expected it.”

Those elite firms want it. They seek employees who come to interviews practiced and prepared. They want employees who will check and double check their work. And they certainly demand that employees train and rehearse for roadshows and client presentations.

The ease of writing an email or carrying on a discussion isn’t the issue. Candor and honesty aren’t the question.

Applicants prepare, practice, and rehearse because they perceive the benefits of getting into a school like HBS or Wharton to be worth the effort and worth the $500 for Accepted’s Wharton Premium Interview Preparation. (This fee provides both a mock team and personal interview as well as written feedback and an individual post-interview consultation.)

Confusing winging it and wisdom

Perhaps, just maybe, as a result of the information freely given away by admissions consultants and applicants, as well as yes the increasing numbers of applicants seeking paid advising, admissions committees have a harder time differentiating between applicants. (See Looking Back on the Shrinking MBA Application)

Frankly, something is amiss when a business school confuses non-preparation and honesty, winging it and wisdom. Is that something a lack of candor on the school’s part?

___________

(Please see a Wharton Follies video, The Evolution of an MBA for a student perspective. It predates this discussion, but it’s funnier and relevant. Do you think they rehearsed?)



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.

Top Feeder Schools to Big Law

Big Law Job

Which law school will lead you to a Big Law job?

Wondering which law school will lead you to that coveted Big Law job? Well, the WSJ Law Blog broke it down for you using newly released data from the ABA. This data involved employment summary reports for individual schools, revealing that only about 8% of 2011 grads found jobs at big law firms. Plus, “schools in the Northeast were twice as likely to place their graduates in Big Law jobs as schools in the South, Midwest or West.” Did your school make the cut?  The blog ranked the top 25 schools “based on the percentage of 2011 graduates that landed full-time, long-term gigs at firms with 250 attorneys or more.”

Here are the top ten:

  1. Columbia University
  2. University of Pennsylvania
  3. Northwestern University
  4. Harvard University
  5. University of Chicago
  6. Stanford University
  7. New York University
  8. Duke University
  9. University of California-Berkeley
  10. Cornell University

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New Ph.D.s Find Jobs Abroad

The Wall St. Journal reports that while U.S. universities are suffering from hiring freezes and shrinking budgets, schools in Asia and the Mideast are eager to recruit the holders of U.S. doctorates. For example, Frederick “Fritz” Monsma, earned his Ph.D. in philosophy from Boston College in 2003. After applying for countless positions without success, he received an offer from the American University in Iraq-Sulaimani. “I stopped looking elsewhere,” says Mr. Monsma. “I knew it was going to be an adventure, both in life and pedagogy.”

Even in more promising economic times, many new Ph.D.s, particularly those in the humanities, experience difficulty landing jobs. “The supply-demand ratio is as bit out of whack” explains Jack Schuster, a professor emeritus at Claremont Graduate University in California and an expert on the academic labor market. In this kind of economy, he adds, “things are very, very tough.”

According to the Modern Language Association, hiring in English and foreign language departments fell more than 20% this year at U.S. universities. Similarly, job postings of the American Political Science Association were down by 14%.

Although teaching abroad offers new opportunities, there are some risks associated with it as well. In addition to limiting networking possibilities, an overseas job could harm academics’ job prospects when they seek to return to the U.S.

“From the U.S. vantage point,” says John Curtis of the American Association of University Professors, “there is that element of difference, newness and uncertainty about how universities operate abroad.”

How Business Schools Have Failed Business

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.

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.”  

European B-Schools In Demand

This was a week for articles about the demand for European business schools like London Business School, INSEAD, and IMD among US applicants seeking both MBA and EMBA degrees. Here is a sample:

The WSJ’s ”Executive M.B.A. Programs Bulk Up Overseas” is not really about increased demand for European MBA’s. It focuses more on American business schools improving their global programs.

For those of you interested in learning more about one of Europe’s premier business schools, Accepted is hosting a chat with London Business School on Monday March 23, 2009 at 11:00 AM PT/2:00 PM ET/6:00 PM GMT.  Representatives from London’s MBA and Masters in Finance programs will be available to answer your questions. Please mark your calendar and join us in Accepted’s chat room.

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NYU Stern’s Isser Gallogly: Finance from an Admissions Perspective

Part of an ongoing series “MBA in Finance: Forget It?”

My question:

Given the weakness in investment banking, hedge funds, and financial services in general, how do you react to applicants who say they want an MBA to enter IB, PE or a related field that has been devastated by the economic downturn? Is the reaction “What planet have you been on?” Or, are you willing to consider those applicants because you feel the market for these skills will come back in a couple of years? Would you like to know that IB et.al. is the primary goal? Would you like to see a Plan B? Is your reaction different if the applicant is coming from IB or a related field as opposed to someone seeking the MBA to change careers?

Isser Gallogly, NYU Stern‘s Director Full-Time MBA Admissions, and I spoke on the phone. The paraphrase of his response follows:

NYU Stern is, as always, seriously considering applicants who express interest in a career in finance. Financial services firms are still hiring our students. Yes, finance will evolve and change as a result of the financial crisis, but it will not disappear.

Applicants need to be aware of change in the financial markets and field, which is rapid now. We want informed students. When we review applications and interview applicants we want to see how informed they are. Are students actually absorbing and studying the situation? Are they reading The Wall St. Journal? Are they reading the headlines or the full articles? Are they networking in their industries? Can they bring specifics to bear? I sometimes will ask an applicant, “How would you advise Barak Obama?” Some applicants have fantastically informed and specific ideas. Others provide more general and generic responses. That tells me something about the depth and seriousness of that applicant’s interest in finance and economics. Considering the historic events of the last six months, if you are serious about your career in finance, banking, or a related field, you should have an informed opinion.

When the economy is down, we frequently like to know about contingency plans for applicant’s post-MBA career. Students need to be flexible. We are interested in hearing about related, secondary choices.

As I said, finance is not going to disappear. Companies are scaling back, but have not stopped hiring. Stern finance students are still getting multiple offers. When I last checked with Career Management the numbers were looking solid. Some companies are hiring fewer students, but there are companies recruiting too.


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Recruiting Drops at Business Schools

The Wall St. Journal continues the drum beat of bad news. Recruiting is down at business schools.

A survey by the MBA Career Services Council, an association of business school career offices, reveals:

  • 56% of surveyed career office representatives – a significant jump over the fall figure of 12% — say on-campus recruiting has declined by more than 10% this winter.
  • About 50% of career service offices report a 10% or more drop in full-time postings, up from 19% in the fall.
  • 62% foresee at least a slight decline in internships this summer. 

The bright spots: health care, alternative energy, nonprofits, and government. Unfortunately, these industries tend to be less lucrative than the traditional MBA employers like financial services and consulting.

At the risk of being Pollyannaish, I find the hysterical tone of this article more depressing than the actual data. I am somewhat surprised that the threshold of decline is only 10%. I would expect bigger declines considering the recession and general economic carnage. I also find it interesting that Carnegie Mellon reports that 61% of its graduating class has lined up full-time jobs as of January, as opposed to 81% last January. That figure certainly represents a decline, but it still means that 61% have lined up jobs months before graduation.

Let’s hope the data doesn’t get worse. In the meantime, this article serves as reminder that we need to evaluate the facts in an article and not merely react to the tone.

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WSJ EMBA Rankings — Part 2

Taking a leaf from Forbes, The Financial Times, and The Economist, which all use ROI in calculating their rankings, The Wall St. Journal published a second ranking of EMBA programs based exclusively on ROI. The September ranking surveyed EMBA students and recruiters and asked them how well the programs “develop management and leadership skills.”

The new Top 5 based on ROI are:

  1. Texas A&M
  2. University of Florida (Warrington)
  3. Ohio State University (Fisher)
  4. UCLA (Anderson)
  5. UT-Austin (McCombs)

Dramatically different results from the first ranking, grandly titled “And the Best Executive M.B.A. Programs are…” And really not surprising. If you change the criteria completely, you change the results completely. In fact only one EMBA program is in both Top 10 lists. USC’s Marshall EMBA program is #1 in the September, survey-based ranking and #10 in the ROI ranking.

I personally find the data provided by the WSJ (and the other rankings) far more interesting than the rankings themselves. Some clients may be very sensitive to ROI. Others really want leadership development. Others are most interested in brand, probably best measured by the US News and BW or the first WSJ EMBA survey.

I think the real lesson of WSJ’s two rankings is that each and every one of you needs to:

  1. Determine what’s important to you and rank schools accordingly.
  2. Understand thoroughly what’s being measured in a given ranking and the biases inherent in the criteria. For example, a high ROI at Texas A&M relative to Columbia (#6 in the Sept. EMBA rankings) reflects the relatively high salaries of people going into CBS’ EMBA program vs those entering Texas A&M’s EMBA program.

 

US News May Modify Law School Rankings

The Wall St. Journal reports today that US New & World Report, which publishes the much watched and reviled law-school rankings, is considering changes to its rankings formula. These changes could have serious consequences for law schools and students.

The front-page article “Law School Rankings Reviewed to Deter ‘Gaming’ “ claims that many schools are ‘gaming” the rankings by using part-time programs as back doors into law school for applicants who may bring down their ranking.

Part-time students’ stats have not been considered in the rankings and are generally lower. The part-time students frequently become full-time students during the second year, when their stats will not be considered by US News. That policy–or loophole–may disappear according to Robert Morse, director of data research at US News. The WSJ writes,

“Counting part-timers would roil the law-school rankings, which have a big impact on where students apply and from where law firms hire. A number of law-school administrators interviewed about the potential change contend it could have another effect: narrowing a traditional pathway to law school for minorities and working professionals.”

I have written repeatedly that students put too much emphasis on the rankings. They are flawed. Morse’s reaction to the law schools’ shenanigans prove that point.

Use the rankings for the data. Rank the schools for yourself.