Saturday, September 26, 2009

Strategies for Top Schools

Teaching Methods:
1) Case study
2) Lecture
3) Experiential


Columbia
  • Finance/banking
  • Need to differentiate from similar sounding applicants
  • Entrepreneurship: Eugene M. Lang Center- Entrepreneurial Initiative Fund, Entrepreneurial Greenhouse Program, Global Social Venture Competition, Program on Social Intelligence (PSI)
Cornell
  • 2 essays
  • Small MBA program
  • Greatly emphasizes professor accessibility; literally open their homes to students
  • Dedication to analytic rigor, action-oriented approach, collaborative learning environment
  • Application should highlight: your approach to analyzing problems, analytically driven business solutions, approach to analyzing problems. analytically driven business idea
  • No majors, majority of courses electives; strength lies in finance curriculum
  • Emphasizes leadership; offer 30 full paid scholarships of students who've demonstrated leadership
  • Immersion Learning curriculum - best example of Johnson's action-oriented approach to learning; referred to as the semester in reality - experiential method; hands on approach to Managerial Finance, I-Banking, Brand Mgmt, Manu, e-business, Students visit companies, work on business challenges; great way to display knowledge of Johnson learning model
Dartmouth
  • 4 essays - 500 words
  • Small, highly respected MBA program; general mgmmt - first year compulsory; second year electives
  • More than the average program, they're looking for students who demonstrate strong teamwork skills - should be a main theme
  • Leadership also v. important - introduced the Cohen Leadership Development Program - relies on team coursework, peer assessments, one-on-one coaching - extends into secon year - w/series of summits & speaking engagements w/execs
  • Make sure you provide convincing proof that you'll be an active alum, preferably by demonstrating commitment to your undergraduate school
  • You really need to make sure the school is for you. Even more importantly, you really need to demonstrate why Tuck is for you. - make sure you're passionate about the school in your application; visit the school
  • Strong rep in finance and consulting, especially on the east coast - nearly 2/3rds of grads live there after graduating
  • Show the school's environment appeals to you and also why the general management approach is what you want out of b-school
Duke
  • 810 students
  • 2 one page essays, two longer essays
  • Innovative curriculum allows for breadth & flexibility
  • Students have 4 terms (of 6 weeks each) per year, so they get a taste of many more subjects than students at most schools. They also complete at least 5 electives by the end of their first year, which some students say has led to a competitive advantage heading into summer internships
  • Emphasis traditionally on general mgmt, though concentrations can be earned in 2 areas from finance & marketing, to social entrepreneurship and international business. Health Sector Management Program popular (HSM)
  • Teamwork an important theme; students refer to themselves as "Team Fuqua," Fuqua - relatively small size - make clear that you understand what it means to be a part of a close-knit community and spell out why it appeals to you
  • Students heavily involved in everything going on at the school
  • Emphasize your sincere interest in the program.
  • Highly competitive school, but yield is quite low; the school wants to make sure you'll enroll - truly demonstrate why you want to enroll
  • Placing increasing emphasis on global business. New 3 week program called the Global Institute - places students on learning teams that study issues related to leadership and ethics in the context of a global business climate.
MIT (fill-in)

NYU
  • Three 500 word essays
  • 815 full-time students
  • 60% of students go into finance/investment related jobs
  • Finance Dept. by far the school's greatest strength; mostly general curriculum approach
  • Can pursue up to 3 specializations - finance, marketing, consulting, real estate, entertainment, and media - NYU, Tisch, Real Estate Institute - opportunities for hands on learning at various partner companies
  • School prides itself in giving students real-world applications
  • Teamwork should be important in your message
  • School less impressed w/individual achievers than with well-grounded people who've excelled in their past jobs by working w/others
  • Student involvement is also very important - Stern Student Corporation - Stern's student government; student run clubs and conferences
  • School also serious about entrepreneurship - Berkley Center for Entrepreneurial Studies - runs conferences; facilitates mentoring program for entrepreneurs; annual business plan competition one of the most popular of its kind - traditional business plan and social entrepreneurship track
  • Show the school Stern is really where you want to be - have convincing reasons why this is the case
  • Stern Consulting Corps (SCC) - consulting engagements with non-profits
  • Most activities take place at the Kaufman Management Center; Greenwich Village; NYU largest private university in the US
  • DBi Program - Doing Business In...
Northwestern

Thursday, September 24, 2009

Helpful Hints

I'm reading some helpful hints from the book "Your MBA Game Plan" and want to make note of them:

Overall Process:
  • Develop a compelling application story; weave it through application
  • The components of your profile should be multi-faceted and consistent with an overall theme.
  • Outside of your professional endeavors, what are your personal interests and endeavors?
  • Typically, your motivation to make a career change will describe your motivation to make a career change or to bolster your current career path
  • Your message should reflect your ability to innovate and your entrepreneurial spirit.
  • Characteristics sought: academic aptitude, leadership, an ability to work well with peers/subordinates, integrity, ambition, etc.
  • Your application should answer how your career goals will impact an industry, individuals, or society in general.

Timing
  • Apply in the first round for 3 reasons:
  1. Less applicants
  2. Communicates your interest in the school
  3. Best for planning purposes - you'll hear back by January
*If your top choice offers early action, you should consider applying then; less applicants still

Interviews
  • Set up an interview for all your target schools asap
Recommendations
  • Send recommenders 1-2 essays describing your career goals
  • Ideally, you should give them 2 months time
  • Send them a sample recommendation, resume, etc.
Resume
  • Use the school's resume template to create your own. This shows you've done your homework
  • 3 sections: "Education," "Experience," "Additional" Info.
  • Be succinct; one page, reverse chronological order
  • Place the most impressive information upfront
  • Emphasize experiences relevant to your career goals
  • Focus on your actions and their result, not on the job description
  • See sample resume on p. 115-116
Potential Interview Topics
  • What are your career goals?
  • How would business school play a role in meeting those goals?
  • How would your professional and personal experiences enhance the classroom dynamic.
  • In what ways have a I acted as a leader to my peers?
Schools
  • MIT values analytic ability, Duke it's team oriented approach
How To Demonstrate Fit w/A School:
  • Show you understand what the school stands for and why those values are important. (E.g. Darden preaches leadership - give examples of what leadership means to you)
  • Show you embody the traits the school most wants to see in its students
  • Show you will become very involved in your business school, from contributing to class discussions, to running student organizations to being an active alum in the future
  • Show your penchant for working on teams & that you're a sociable person
  • You'll want to show you'll actually go to the school if selected
4 Dimensions a B-School is looking for:
1) Innovation
2) Maturity
3) Leadership
4) Teamwork

Leadership: Examples where you've provided others with direction, shown initiative, managed difficult situations in your professional, personal, and academic careers.

Innovation: traditional intellectual ability and creativity. Can be as easy as finding a solution to an every day business problem.

Maturity: You demonstrate multilayered experiences inside and outside the workplace.

Community Service: It's important to show you have aspirations to help society as sa whole and not just your personal bank account.