MBA Curriculum Changes at Wharton

Huntsman Hall at Wharton

Huntsman Hall at Wharton

Vice Dean of Wharton Business School, Howie Kaufold, spoke to The Wharton Journal about the new MBA curriculum. He noted that in reviewing their curriculum, the MBA Review Committee focused on four main principles: Rigorous, Innovative, Flexible, and Brand-Strengthening.

Regarding flexibility, some of the required courses will be offered in more than one format, and it’s up to the students to choose which format they prefer. They can also take more electives in their first year, if they’ve fulfilled the pre-requisites, and move some of the required courses to their second year. Plus, “students will be offered two pathways through required core areas, so will have more opportunity to tailor their course of study to their long- and short-term goals.”

A committee has been working on a new course auction system that should be first used in the fall of 2013. The goal of this system is to enhance the curriculum’s flexibility, as well as students’ chances to get the classes they really want.

There has also been a strong focus on community, which is bolstered by the strengthening of clusters, the largest building block in Wharton’s community, which consists of clusters, cohorts, and learning teams. In Kaufold’s words, “we’ve invested a lot of time and energy in thinking about our community next year, and we hope this new structure will further enhance the outstanding student community we already have at Wharton.”

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Learn about Lauder: Wharton-Lauder MBA Q&A

Wharton-Lauder MBA Q&A This Week!

Huntsman Hall at Wharton

Are you interested in learning about the Lauder Institute and what the advantages are of gaining a Wharton MBA through the Lauder program? Do you want to hear more about the Wharton-Lauder connection, as well as the program’s focus on international business and integrating management? If so, then you won’t want to miss Accepted.com’s upcoming Q&A on Monday, May 14, 2012 at 10:30 AM PT/1:30 PM ET/5:30 PM GMT with Wharton and Lauder representatives Meghan Ellis, Coordinator for Admissions & Student Affairs, and Marcy Bevan, Director of Admissions & External Affairs at the Lauder Institute. The Wharton-Lauder team will be available to answer all of your MBA admissions questions, helping you apply successfully to this prestigious program and top b-school. So join us on May 14th as we learn more about Lauder!

Register now to reserve your spot for the Wharton-Lauder MBA Q&A!

What time is that for me? Click on the link to find out the exact time for your location.

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Wharton MBA Student Interview

UPenn Wharton MBA student Cindy Law

UPenn Wharton MBA student Cindy Law

Here’s a talk with Cindy Law, a 2nd year Wharton student who attended UC Berkeley Haas as an undergrad. Cindy tells of her experiences at both places, as well as her post-MBA plans. Thank you Cindy for sharing your thoughts with us!

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?

Cindy: I grew up in the San Francisco Bay Area and have also lived in Wisconsin, Taiwan, and Hong Kong. I graduated from UC Berkeley in 2006, majoring in psychology and business administration at the Haas School of Business. After graduation I worked in management consulting and was based in San Francisco.

I am currently in my 2nd year at Wharton, pursuing interests in finance, social impact, and entrepreneurial management.

Accepted: Why did you decide to attend Wharton? How would you describe your unique fit with the program?

Cindy: The distinct strength of Wharton’s network, the caliber of people I met, the high level of student engagement, and the overall UPenn environment all stood out to me. I loved that Wharton’s culture is incredibly student-driven and dynamic; the school is constantly being pushed forward, shaped, and redefined by its students, who are leading incredible initiatives across many fronts. These elements can seem intangible until you visit and see them come to life through the amazing breadth of talent and energy on campus. I was impressed to find peers who are ambitious, spark challenging conversations, and epitomize the “work hard, play hard” mantra.

The multidimensionality of my classmates is what makes the school so interesting – it is humbling to see my classmates lead global treks and conferences, sing and dance at the Follies show, apply their skills to the social impact sector, and push their comfort levels on leadership ventures in all corners of the world. These overarching qualities, coupled with the strength of the Wharton program itself, made Wharton an easy choice.

Accepted: How do the teaching style, student body, and school philosophy/mission differ between Haas and Wharton?

Cindy: I’ll start by saying I’m a proud Wharton MBA and equally proud Cal Bear! I’d highly recommend each program based on the right personal fit.

The mixed lecture/case/experiential teaching styles are common to both schools. The biggest difference in the student body is the class size (~250 in the Haas MBA, ~850 at Wharton). This leads to different opportunities in the type of network and interactions in each school. Both schools have great diversity, and it’s exciting to see Wharton lead in women’s enrollment, with a 45% female class!

Hands-on leadership is deeply embedded into the Wharton fabric, as are rigor and innovation to make new and traditional fields such as marketing, healthcare, finance, and social impact more relevant. Some themes that I saw at Haas included innovative thinking, social responsibility, and a strong commitment to personal learning and growth. As you can tell, there are significant overlapping philosophies across top MBA programs and it’s about finding the people and approach that you best connect with.

Accepted: Which do you think is a better environment for studying business — the west coast or east coast? Are you enjoying living in Philadelphia?

Cindy: I had a fantastic experience at both schools and was lucky to have had complementary east and west coast experiences. Each geography has its advantages in terms of industry concentration, regional network, and lifestyle, and of course there is the differing access to Silicon Valley vs. Wall Street. Still, it’s a shame that schools tend to be labeled because there’s such a wide spectrum of opportunities beyond those labels. Ultimately both coasts can provide powerful personal and professional opportunities and the MBA is what you make of it – so I’d encourage prospective students to spend the effort to really understand the nuances of each program.

Philly has been a terrific environment for developing shared experiences on campus and in Center City, where most students live and the hub of social activity for Wharton MBAs. The city is very walkable, with great restaurants, bars, and cafes around Rittenhouse Square and Old City – perfect for happy hours, small group dinners, coffee chats, and Wharton traditions!

Accepted: What is your favorite class so far?

Cindy: I’ll name a few: Venture Capital with David Wessels, Corporate Development with Saikat Chaudhuri, and Entrepreneurship through Acquisition with Robert Chalfin. Not only are the professors incredibly dynamic, but I appreciate that our discussions are grounded in practice and draw from the experiences of my professors, guest lecturers, and peers. Seeing how practitioners think about these topics is what makes the course that much more impactful, thought-provoking, and relevant. I’ve been impressed with case facilitation that goes beyond surface impressions to extract underlying tensions that I would not have otherwise considered.

Accepted: What did you do for your internship last summer?

Cindy: I interned at Credit Suisse New York in its Retail & Consumer investment banking group. I came to Wharton to pursue finance so my summer provided terrific exposure to banking, strong networking opportunities, and the foundation to help solidify my longer-term career goals.

Accepted: Do you have a job lined up for next year? If so, what role did Wharton play in helping you secure that position?

Cindy: Post-grad I will be moving back to San Francisco to join Credit Suisse in its Technology group. Wharton was instrumental in my summer internship and full-time career decisions. Having a global, top-tier b-school name and being a target school for many recruiters accelerated the process and made access that much easier. Career services facilitated the on-campus recruiting process, but equally important were my 1st and 2nd year peers who provided candid conversations, coaching, and feedback through every stage of my recruiting process.

I can’t speak highly enough about this aspect of Wharton – we all rely on one other and are invested in each other, so everyone is constantly reaching out to other classmates for information, contacts, and advice. When you get 1,600 students (and 80,000 global alumni) together with this mutual accountability and “pay it forward” mentality, it’s a pretty incredible thing. We independently and collectively have strong ownership of the Wharton experience.

Accepted: Do you have any advice for some of our Wharton applicants?

Cindy: In many ways Wharton is a microcosm for the working world – a million opportunities coming your way, many interesting challenges, and a finite amount of time. You have to navigate your experience deliberately, knowing how you want to prioritize each hour of your day. Your two years here are precious. Have fun, travel the world, meet people who think differently, try something uncharacteristic. It’s the best kind of problem to have when you’re choosing from the many things you’d love to do at once!

Also remember that the self-reflection process you’re going through now will stay with you for a long time. Being grounded in these motivations will help you keep that “stay hungry” mentality.

From an admissions perspective, candidates who are genuine in their applications and have been thoughtful about their progression, goals, and the MBA program really shine. This authenticity and enthusiasm for what they do is truly contagious.

Accepted: Can you recommend a good spot — coffee shop, library, park, or some other spot — where you enjoy studying?

Cindy: One of my favorite study spots is the Fine Arts Library at UPenn, which is architecturally inspiring and provides a quiet space away from the buzz in Huntsman Hall and the MBA Café. I’m also a coffee fiend and love the various coffee shops in Center City. Elixr Coffee has hand-poured coffee and latte art; Pure Fare serves Blue Bottle coffee from San Francisco; and Miel Patisserie also has delicious pastries and desserts to snack on.

This post is part of 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.

For complete, soup-to-nuts guidance on the MBA admissions process, please purchase Linda Abraham’s new book, MBA Admission for Smarties: The No-Nonsense Guide to Acceptance at Top Business Schools – now available in paperback and Kindle editions!

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US News 2013 MBA Rankings

And here are the top 10 per US News & World Report:

2013 Rank School 2012 Rank
1 Harvard 2
1 Stanford 1
3 University of Pennsylvania (Wharton) 3
4 MIT (Sloan) 3
4 Northwestern (Kellogg) 5
4 Chicago Booth 5
7 UC Berkeley (Haas) 7
8 Columbia 9
9 Dartmouth (Tuck) 7
10 Yale 10

As you can see the changes are somewhere between slight and miniscule.  Larger jumps and changes occurred outside the top 10, but the statistical significance of these changes becomes questionable due to fewer responses farther down the list.

And how “reliable” are these rankings? Wait a bit. We’ll be writing more on that.

Linda AbrahamBy Linda Abraham, 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.

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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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Wharton-Lauder Current MBA Student Interview

The Lauder lounge

The Lauder student lounge

Accepted.com is continuing a 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.

Here’s a talk with Andrew DeBerry, a Wharton-Lauder student whose childhood and military experience make him an obvious pick for the Wharton-Lauder internationally-focused MBA/MA program. Thank you Andrew for sharing your thoughts with us!

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?

Andrew: I was born at an Air Force base in Ohio and grew up with my incredible older brother, sister, and father, and my mother from Taiwan added to the support as a Vegas blackjack dealer in the Mirage Casino. We bounced around schools in Japan, Biloxi, and Shreveport. Teachers and friends’ families inspired me with the faith and a passion to make a difference. I grew up wanting to be a Catholic priest but loved science and went to Notre Dame’s outstanding Det 225 AFROTC program to have a practical impact as an engineer. I was very much inspired by friends during the Center for Social Concerns’ service-learning seminars and took a fifth year to go beyond engineering and write columns, work in student government, and take minors in Catholic Social Teaching, Arabic, and Public Policy. ND’s prolific international programs gave special opportunities to teach physics and computer literacy in Uganda, research with a British MP in Parliament, and study Arabic in Cairo on an NSEP Boren fellowship. I graduated in 2004 and was slotted into a special intelligence program and served for 6 years in Tunisia, S. Korea, Germany, and with undercover international operations in Afghanistan.

Accepted: Why did you decide to attend the Wharton-Lauder program? What attracted you to the program and has it lived up to your expectations?

Andrew: After an operation in Afghanistan failed to find Osama bin Laden in 2007, I ordered Paul Bodine’s Great Application Essays for Business School and other MBA admissions books to my tent and read 8 pages a night with a red headlamp. I had taken a couple of business classes and have a Masters in National Security Studies, but wanted more. Wharton-Lauder stood out immediately: two degrees and language fluency in two years with a good-natured, close-knit international community. I had seen the military’s approach in Afghanistan; I wanted to have a strategic but more personal impact based on relationships. Wharton hosted the national Net Impact conference; I visited from my main base in Germany, and was excited to see Lauder students organizing the event. This was the only program I applied to. Finding Lauder was an inspiring discovery.

I had worked in strategy but wanted to ground it in quantitative, business leadership. I’ve been surprised how much I’ve been able to learn across the university with classes on global education technology in the Graduate School of Education, human rights in China in the Penn Law School, and transformational leadership with the School of Social Policy. I may drop a couple to do a summer exchange with INSEAD Singapore. There are many amazing dilemmas at Wharton.

Wharton is a large community of impressive individuals, especially our international students, and the flexible program also lets us organize a wide range of incredible experiences in and outside the classroom. In the first year alone, I was blessed with opportunities to study Arabic in Egypt and Dubai, survive the earthquake during the student-led Spring Break Japan Trek, learn about infrastructure for the World Cup and Olympics for a Wharton class in Rio, trek across Central America for a Lauder class, do corporate strategy work in India, and research emerging market Smartphone strategies for Lauder in Beijing, Shanghai, Zanzibar, Tanzania, and South Africa. Our Vice Dean of Student Life, a.k.a. our infamous “Dean of Happiness” Kembrel Jones, has also made the Wharton community a transformational experience, building sincere friendships that will last long after graduation.

Accepted: What are some of your favorite things about living in Philadelphia? Least favorite? Can you recommend a cozy place to study on or near campus?

Andrew: Philadelphia is perfect for business school. Center City, where most of us live, is large enough to find things to do but small enough to be a community. After enough travel abroad, it was inspiring to return to a birthplace for democracy and find ways to explore freedoms in communities globally still seeking a way. The UPenn Art library, Caffeination coffee shop, and my 25th floor bedroom in 2400 Chestnut apartments overlooking the Schuykill River are refreshing getaways for studying. My favorite place is our Lauder lounge, complete with Keurig. Chatting about travel plans, leaving from here for lunches with staff, making jokes, and generally looking after each other builds irreplaceable friendships. As Pulitzer Prize writer Robert Coles says, “We hand each other along.”

I was surprised when Occupy protested at Wharton. But I do think it’s an important formative experience for rising global leaders. If we can’t hear the complaints from people struggling in our own neighborhood, what kind of leaders would we become? Should business be about not just company rights and profits but also relationships? I’m grateful to find a crowd of students and professors here haunted by the question and discerning what’s right and effective.

Accepted: Congratulations on your job offer from Microsoft! What will you be doing for them, and did Wharton play a role in helping you secure that position? Can you talk about how some of your past experiences (professional and otherwise) inspired you to pursue something in this field?

Andrew: Alumni advice, classmates’ amazing support and connections, and Career Management were instrumental during the job search. Career Management’s skill at humanizing the job search has been very helpful.  I was excited to receive an offer for Apple iPhone product management in Cupertino with 25% travel to China. Finally, recruiting done!

But over winter break I was surprised during interviews for a Strategy Lead role working globally from Seattle with Microsoft’s Public Sector group, which addresses needs in education, government, and healthcare globally. I had hoped to engage these types of problems as a wide-eyed kid, explorer at Notre Dame, and intelligence officer. There is a calling about the work beyond working in a business. The team at Microsoft views their work similarly. I had to accept this role.

Accepted: How have you found the transition from army life back to civilian/student life? Would you say Wharton is “military friendly”?

Andrew: Our Veteran’s Club has led incredible initiatives this year: sponsorships and spokespersons from top companies for recruiting events, a day with Wharton’s senior administrators, articles in top business magazines and newspapers about Wharton veterans, etc. Classmates still thank us for our service. Last year, Brian Lanier, a helo pilot sponsored by the Army, was promoted to Major.  Seeing Wharton packed the floor for his promotion was an honor. We have many stories like this.

Wharton is a great environment for learning from the community while sharing our strengths. Veterans and non-traditional students shouldn’t expect the classroom to be a level playing field in any MBA program with our knowledgeable bankers and consultants, but we also have remarkable stories and skills to share. Being honest about the journey and exchanging support adds to the community. “Pain is weakness leaving the body!” In other words, in any weakness is tremendous strength.

Accepted: Do you have advice for some of our applicants who will be applying to the Wharton-Lauder program?

Andrew: Understand up front there is arbitrariness in any school or job application process, unfortunately. But in general, fit in then stand out. (Accepted.com has advice for both.)

To fit in, qualify. Top-rated GMAT prep books on Amazon and strong undergraduate and professional experiences can be very helpful. Find ways in advance to mitigate any weaknesses. A low GMAT quant without any technical qualifications seems to be a common culprit. Mediocre grades without any quantitative or business classes is another. A strong professional record without a compelling personal story is a third that strains out many an intelligent, hard-working person.

To stand out, be diligent and creative. Spend a lot of time on your stories. Research programs, your background, and goals, and link together specific and personally relevant elements from each for a unique and consistent story. Identify a compelling, relevant way you can create a comprehensive path for yourself at Wharton. Wharton is revamping the “core” curriculum starting Fall 2012 to give more flexibility to the first-year. Identify special ways you can contribute to the development.

Lauder is a niche program. Go through the Lauder website and understand what happens and when; this is obvious and too often overlooked. We love Lauder. Can you describe why you would too?

For any school, make contacts with a couple students through clubs of interest who have similar backgrounds and goals to pick up on inside terms and developments and who might be willing to review your essays. Show a good balance – laugh if you tend to be serious, be concise if you tend to make off comments. Have fun during the process and good luck to you!

Please visit our Wharton B-School Zone for more Wharton-specific advice. Still haven’t decided which b-school are best for you? Download our FREE special report, Best MBA Programs: A Guide to Choosing the Right One for You, to help you narrow down your choices and begin your application efforts out on the right foot.

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EMBA Blogger Interview: B-School Babe’s Journey

Current Wharton EMBA Student

Sharon, current Wharton EMBA student

Next up in our series of featured MBA bloggers is B-School Babe, Sharon Lee. Please enjoy Sharon’s thoughtful answers and use them to help you make your way through the MBA or EMBA admissions process. She also provides some important insights into the Wharton MBA for Executives Program.

Accepted: First, can you tell us a little about yourself – where are you from, where did you go to college and when did you graduate; and what prior degrees do you hold?

B-School Babe: I’m a native New York City chick. I graduated from NYU in 2001 with a BA in Psychology and a concentration in Marketing. I’ve been working in the advertising/marketing industry since college, having worked at global companies like Unilever, Saatchi & Saatchi and McCann-Erickson. For the past five years, I’ve been employed at Girl Scouts of the USA, where I am now the Director of Marketing and I absolutely love what I do. In addition to my BA, I also have a Certificate in Not-for-Profit Management from Columbia Business School and several yoga teaching certifications.

Accepted: How did you choose Wharton? Why did you feel it was the best school for you?

B-School Babe: To be honest, I actually feel like Wharton chose me! When I was evaluating schools, I wanted to find a program that would be the best fit for me and one where I would be able to hone my skills. Wharton felt the “rightest” to me because I wanted to be in an environment where my classmates would have a similar amount of professional experience as I had and I wanted to have access to world renowned professors. I also wanted to be an in-person environment which would encourage a ton of networking and interaction. The Wharton MBA for Executives Program offers all of those things. We are in classes on Fridays and Saturdays, bi-weekly, and stay in-residence on Friday night which allows us to spend a lot of time together in and out of the classroom. Further, I am very passionate about using business to make the world a better place and Wharton has a wonderful Social Impact program that allows students access to NGOs and non-profits.

Accepted: Is b-school anything like you had expected?

B-School Babe: B-school has been a transformative experience and has given me the confidence to create a trajectory of success that I never would have imagined. In the past six months that I’ve been enrolled at Wharton, my life has been on a super-charged upswing. I have been promoted at work due to my MBA candidacy. I’ve gotten engaged and married and am now expecting a baby on the way. I’ve worked with several classmates to enter a Global Innovation Challenge and we are now in the final round, hoping to win the title of the World’s Most Innovative MBA Team. We have been selected to ring the closing bell at the New York Stock Exchange on January 27th.

Business school is so much more than the number of hours spent in the classroom, it’s a time when people get the chance to truly evaluate their life situations and make great change. B-school teaches you that every moment is an opportunity to learn and grow. I’ve been able to apply that philosophy to all aspects of my life.

Accepted: What would you do differently, in hindsight, when applying now that you are in b-school?

B-School Babe: I would have started earlier. My entire b-school application process, from the moment I decided to return to school to receiving my first acceptance phone call, was only about 6 months long. I literally completed one of my b-school applications in 24 hours – and that included begging my recommenders to submit their letters within that timeframe as well – something I would not recommend to anyone! In addition, I took the GMAT twice and waited to see my score before committing to the application process and selecting my target schools. If I could have done it all over again, I would have given myself at least a year to prep for the GMAT, evaluate programs, network with current students and mentally prepare for the life change.

Accepted: What’s your favorite class so far?

B-School Babe: I really enjoyed my Foundations in Leadership class taught by Michael Useem, the director of Leadership and Change Management at Wharton. He has such a great way of providing insights on how to be better managers and leaders in the workplace, by using case studies and inspirational stories. One of my favorite classes was when Useem invited Movers and Shakespeares, a theater company, as guest speakers to teach us how Shakespeare acting methods related back to leadership strategies. I had a blast dressing up in costume and reciting lines that were written by the bard.

Accepted: Are there any things in particular you did before starting b-school that made the transition back to student life easier? (Like taking a math course to brush up on your skills, move to your new location a few weeks early to settle in…)

B-School Babe: Because I’m in an Executive MBA program and still working full-time, I needed to make sure that my boss and coworkers would be well-prepped for my transition back to school. I solicited approval of a flexible work schedule, which allows me the time off necessary to attend classes and to participate in group projects. I also had to learn to delegate more tasks to my team – and get used to the idea that I can’t do it all. Finally, I had to set the expectations of the people in my life as well – my now husband has been extremely supportive and understanding. There are many nights when I’m out with my study group until midnight or later. All of our partners and spouses have had to sacrifice their time with us in order to support our MBA journey.

Accepted: Do you have any advice you’d like to bestow on our current MBA or EMBA applicants?

B-School Babe: Ask for help. Business school is all about networking and you will be surprised at how willing folks will be to help you. When I was applying to b-school, I visited a few programs and spent a good amount of time with current and past MBA students, as well as admissions directors and professors. I kept in touch with them after the visits and continued to contact them as I developed my applications. By doing so, I created my own support network and got a ton of help. At some schools, students offered to review my application and coached me through the process. At other schools, alums talked to me a lot about their own experiences post-graduation and asked hard questions about what I wanted to do with an MBA, which helped me to solidify my essays and helped me to prepare for the interviews. I was super lucky to have received all of the help that I did from complete strangers. And now that I am in business school, it is my job to give back. So please visit my blog B-School Babe or my Facebook page and contact me if you ever have any questions. Good luck!

The deadline to submit your Wharton Executive MBA application is coming soon, on February 6. Check out our Wharton EMBA essay tips for insights into answering the questions.

Do you want to be featured in Accepted.com’s blog, Accepted Admissions Blog? If you want to share your MBA/EMBA journey with the world (or at least with our readers), email us at mbabloggers@accepted.com.

Poets and Quants Releases Their Own Rankings

Poets and Quants decided to stop merely criticizing other business school rankings and created a ranking of its own (“The Top 100 U.S. MBA Programs of 2011”). For the second year in a row P&Q’s rankings are a composite of the five major MBA rankings: Bloomberg BusinessWeek, The Economist, The Financial Times, Forbes and US News & World Report. As a composite of other rankings, the P&Q rankings reflect surveys of corporate recruiters, MBA graduates, and deans, faculty publication records, median GPA and GMAT scores of entering students, as well as the salary and employment statistics of the latest graduating class.

For the second year in a row Harvard Business School was named the top MBA program in the US, with Stanford Graduate School of Business coming in second, University of Chicago’s Booth School of Business coming in third, University of Pennsylvania’s Wharton School coming in fourth and Columbia Business School claiming the fifth spot.

John Byrne, editor-in-chief of Poets and Quants, explained that each of the rankings has a different level of impact on the P&Q rankings: “BusinessWeek, U.S. News and Forbes each have a weight of 25%. The FT is at 15% and The Economist is at 10%.” Basically, the P&Q ranking is a weighted average of all the rankings. Byrne believes that by combining these rankings in “a system that takes into account each of their strengths as well as their flaws,” P&Q can create the ideal ranking system void of the “anomalies” and “statistical distortions” of the other rankings.

Yet, developing a weighted average of a bunch of flawed stats does not compensate, much less eliminate, those flaws. In the end, P&Q rankings are guilty of the same mistakes as the rankings they criticize. Their one redeeming quality is that Poets and Quants publishes the index scores on which their composite rankings are based, giving readers the ability to decide how meaningful the differences in ranking are to them.

The data provided by P&Q (as well as the individual rankings that constitute P&Q’s) is far more valuable than the actual rankings. Averages frequently hide what’s important – like salaries in a particular region or field, or admissions stats for different test scores, qualifications and groups. But with the index scores applicants can prioritize what they are looking for in schools and then see how high specific schools scored in those categories.

Bottom line: You need to do your own ranking based on your own values, not a weighted average of others’ values.

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3 Admissions Trends to Watch in 2012

2012 Trends1.  Continuing Impact of Rising Tuition Combined with Recession

  • The law school admissions world has been roiled by the high levels of debt assumed by law school students in anticipation of high-paying jobs that simply never materialized.  A couple of cases of alleged fraud by admissions offices have further stirred this volatile stew. In 2013, look for more transparency in reporting hiring trends for law school graduates. The ABA has already taken a few baby steps in that direction; I believe they will take more. Law schools will become more open with this data, with or without a kick from the ABA, to protect themselves from law suits from unhappy customers: their students.
  • The trend towards more openness with hiring data will spill over to MBA programs next. Look for more data in the form of numbers, not just names of companies. Other larger graduate programs will follow suit.
  • Expect more focus on realistic, well-reasoned goals in all areas of graduate admissions. The days of going to graduate school to avoid the world of work are over — unless you have very well-to-do parents.

2.  More Experimentation with Interview Formats

Wharton experimented with group interviews. Several medical schools have tried “Multiple Mini-Interviews,” or what I would call interviews a la speed dating. I also expect more programs, especially MBA and computer science programs, to try team interviews to see how students interact in a team setting. The main limitation on implementing change in this area will be cost and geography.

3.  Increased Flexibility in B-School Curricula

The goal here is to increase curriculum flexibility so that students can contribute more effectively during their internships.  UCLA Anderson and Wharton introduced new curricula this year that allow students to dive deep into their areas of specialty from Day 1 and postpone requirements unrelated to their major or concentration to the second year. In response to feedback from recruiters, both schools aimed to increase the ability of their students to contribute more effectively as interns, and let’s remember that internships are try-outs for permanent positions. I didn’t see the Round 1 data from Wharton, but Anderson proudly reports that its Round 1 application volume climbed 20%; it attributes that growth largely to the curriculum reform. Anticipated appeal to recruiters and increased hiring drive MBA application volume. And higher application volume and hiring improves rankings; now that’s a real winner.  Look for more schools allowing students to fulfill non-major requirements in their second year.

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

 

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