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Vantage Point MBA News : Ask Admissions Consultants - Page 12

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Dec 15, 2022

FROM Vantage Point MBA Admissions Blog: Harvard Business School vs. Stanford GSB
With Round 2 deadlines approaching in less than one month (!!), we’re in peak essay iteration mode with many of our clients. For those who are applying to both Harvard Business School and Stanford GSB, the question often arises of what makes these two world-class, uber competitive institutions different from one another. What ‘type’ of applicant appeals to each program? Is it appropriate to use similar essay content for both of their open-ended prompts?

As MBA admissions consultants, we’ve spent a lot of time reflecting on the answers to these questions and how to help clients incorporate the nuances into their applications. We’ll be the first to admit that the differences are subtle, yet important. Here is what we’ve found through our experience working with clients who have been accepted to either or both program(s).

Harvard Business School vs. Stanford GSB – Hear It from the Horses’ Mouths
It may seem obvious, but in our experience many applicants fail to read and internalize what the schools’ themselves say they are seeking in successful candidates – it’s right on their websites. Doing so is actually incredibly informative and we even do this each year (perhaps multiple times) to keep it fresh in our minds.

Here is what HBS shares as to the qualities it seeks in applicants (condensed slightly for brevity):

‘Habit of Leadership

Leadership may be expressed in many forms, from college extracurricular activities to academic or business achievements, from personal accomplishments to community commitments. We appreciate leadership on any scale, from organizing a classroom to directing a combat squad, from running an independent business to spearheading initiatives at work. In essence, we are looking for evidence of your potential.

Analytical Aptitude and Appetite

Harvard Business School is a demanding, fast-paced, and highly-verbal environment. We look for individuals who enjoy lively discussion and debate. Our case and field-based methods of learning depend upon the active participation of prepared students who can assess, analyze, and act upon complex information within often-ambiguous contexts.

Engaged Community Citizenship

So much of our MBA experience – including the case method, section life, and student-organized events – requires the active collaboration of the entire HBS community. That’s why we look for students who exhibit the highest ethical standards and respect for others and can make positive contributions to the MBA Program. The right candidates must be eager to share their experiences, support their colleagues, and teach as well as learn from their peers.’

Here is how GSB describes its Evaluation Criteria (also condensed slightly for brevity):

‘In our application, we seek to learn about how you think, how you lead, and how you see the world.

How You Think

As you complete your application, please think about the times you have taken the initiative to learn new things, to solve challenging problems, or to develop new insights. What have you discovered? How did you share what you learned? Why does it matter to you and others? We would like to learn about these experiences to help us understand how you might contribute to our learning community both inside and outside of our classrooms.

How You Lead

Since we believe that past actions are the best predictor of future actions, we want to learn about your past actions — about how you have created positive change in the organizations and communities in which you have been involved. Leaders guide others to reach a common goal and can be found at all levels and in all areas of an organization. You do not need to hold a specific role nor reach a certain level or title to show leadership. We look for examples of when you have taken initiative, persisted through challenges, engaged others in your efforts, and supported those around you. No matter where you have demonstrated these behaviors — at your university, in a professional role, or maybe during an extracurricular activity — we want to learn the impact you have had and why it matters to you.

How You See the World

Your values, beliefs, identity, and ambitions will help shape your journey and enrich the perspectives of your classmates. We provide the opportunity for you to share what matters most to you and your aspirations in your essays. We are interested in how your background has shaped your path so far and has guided your dreams for the future.
We seek to admit candidates who bring diverse perspectives and experiences to the MBA class because Stanford’s collaborative educational process leverages the breadth of students’ backgrounds to deliver a range of insights and approaches to real-world problems. Through this diversity, defined in the broadest terms, you can begin to understand the experiences of others, to challenge your own assumptions, and to develop new ways of seeing the world.’

Harvard Business School vs. Stanford GSB – Commonalities and Contrasts
In contemplating these two sets of ‘criteria’, you can see that there are certainly commonalities. And we’ll acknowledge that it’s often possible to carry over some of your essay content from HBS to Stanford (or vice versa). But as the saying goes, there is more than one way to peel an orange and, in our experience, that very much applies to how each school evaluates candidates. Demonstrating that you understand this through the way you write each school’s essay (while always remaining true to your authentic self, of course) is a key to successful applications.

For instance, it’s clear (and not unexpected) that leadership is central to what both programs seek. However, the language they use to describe leadership is an important signal for how to approach each school’s essay. HBS uses language that is more focused on consistency across settings and concrete accomplishments related to leadership – in other words, they want to know what you’ve done in a leadership capacity and the concrete impact your actions have had. The GSB on the other hand, intentionally asks about how you lead. They want you to describe your leadership style, including how you communicate with and inspire others. Said concretely, the difference is in the ‘what’ (HBS) versus the ‘how’ (GSB). You may tell the same story in both essays, but, in our experience, it is a best practice to tailor the details you choose to share within each story to align with each school’s contrasting focus.

Another commonality that sneakily doubles as a contrast is the way each program seeks to assess the impact you will have while on campus. HBS emphasizes that it wants people who have the analytical aptitude to quickly formulate and coherently communicate an idea or opinion, as is critical to success in a case-based classroom environment. The GSB, on the other hand, wants to understand your background and how it has shaped the diverse perspective you would bring to campus (of course they also require you to be analytically minded and a strong communicator). The latter, in particular, forces you to ‘go deep’ and get a little (or a lot) uncomfortable.

To define this further, perhaps you tell a story about how you courageously voiced a dissenting opinion in front of a senior audience. For HBS, you might share the logic you used and the resulting impact of your choice to speak up (i.e., a business decision was altered in a way that was ultimately successful). For the GSB, you might share how, growing up, you watched your mother learn to advocate for herself, which inspired this to be a core value of yours. You could then share how you chose to voice your dissent in a respectful, collaborative way that left people open to your point of view.

Hopefully that analysis helps you distill down what distinguishes these two highly competitive, elusive programs from one another so that you can tailor your essays accordingly. We are still accepting hourly clients for Round 2 and have many successful outcomes with these schools to draw upon as we help you optimize your applications. If you’re struggling to tailor your essays to Harvard Business School vs. Stanford GSB, reach out to request a free consultation.

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Dec 22, 2022

FROM Vantage Point MBA Admissions Blog: MBA Application Checklist – Do These Things Before You Submit
The last few weeks before MBA application deadlines can be a whirlwind! The team at Vantage Point MBA is here to help. Here is our seven-step MBA application checklist to help you get to the finish line:

MBA Application Checklist
[list]
[*]Set calendar reminders for each of your target schools. We get it. This sounds dumb. Please do it anyway. Each year we hear from applicants who, despite spending months fine tuning their essays, still manage to miss the deadlines. In some cases, this is due to time zone differences and in others it is due to stressful periods at work. You’ve worked hard to get to this point, don’t miss the Round 2 deadlines and have to wait until Round 1 next year ([url=https://vantagepointmba.com/2022/03/03/round-3-mba-applications-the-truth/]we don’t recommend applying in Round 3[/url]).[/*]
[*]Check in with your recommenders. While some schools will be lenient around recommenders missing their delivery dates, it’s best not to tempt fate.  Reach out to your recommenders as early as possible to ensure that they are on track (if you haven’t already, make sure to give them talking points and/or explain your story to them) and ask them to give you a heads up when the recs are submitted.  Finally, once the recs are on their way, thank them. Send them a [url=https://www.doordash.com/]DoorDash[/url] gift card, flowers, or a bottle of wine…whatever is appropriate but remember that recommenders have put in a lot of work on your behalf.[/*]
[*]Take a couple of days off. Seriously, just do it.  You have been synthesizing your life’s goals and accomplishments for weeks now, if not longer.  Not only do you deserve a break but taking some time off from your apps will allow you to come back with a clear head and a fresh perspective.[/*]
[*]Get a second set of eyes. If your essays are “pretty close to done,” then it’s time to get some feedback from a friend or colleague that you trust.  When they’re done reading your essays, ask them what the main takeaways are.  If their takeaways don’t line up with what you think is in the essays, it’s time to tweak and edit.[/*]
[*]Read your essays out loud. You probably want to clear out your apartment for this but take a few minutes and read your essays out loud to yourself.  After looking at a screen for hours on end, this is a great exercise to catch any typos and make sure that the essays flow and are readable.[/*]
[*]Double check a few crucial things. Make sure that your transcripts, GMAT/GRE scores, and any other materials are ready to go or have already been submitted to your schools.[/*]
[*]Take a bow. You’re about to hit “submit” and start your MBA journey. Congratulations on a huge accomplishment and making one of the most important investments that you can – in yourself.  Business school is an awesome experience and you’re going to learn a ton. Come what may on decision day, you’ve given it your all, and you deserve to be proud of that.[/*]
[/list]
Round 2 Application Deadlines:
[list]
[*]Harvard: 1/4[/*]
[*]Wharton: 1/4[/*]
[*]Tuck: 1/4[/*]
[*]Stanford: 1/5[/*]
[*]Chicago Booth: 1/5[/*]
[*]Yale: 1/5[/*]
[*]Darden: 1/5[/*]
[*]Ross: 1/8[/*]
[*]Kellogg: 1/10[/*]
[*]INSEAD: 1/10[/*]
[*]Columbia: Rolling, 1/11 to be considered for merit fellowships[/*]
[*]Sloan: 1/18[/*]
[/list]
Good luck!

After you’ve worked through our MBA application checklist, you may also be interested to read:

[url=https://vantagepointmba.com/2022/08/11/mba-application-mistakes/]Quick Check! Don’t Make These Three MBA Application Mistakes (vantagepointmba.com)[/url]

[url=https://vantagepointmba.com/2020/10/02/these-three-bullets-should-be-on-your-mba-resume/]These Three Bullets Should Be On Your MBA Resume – Vantage Point MBA[/url]



The post [url=https://vantagepointmba.com/2022/12/22/mba-application-checklist/]MBA Application Checklist – Do These Things Before You Submit[/url] appeared first on [url=https://vantagepointmba.com]Vantage Point MBA[/url].
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Dec 29, 2022

FROM Vantage Point MBA Admissions Blog: MBA Application FAQs
Being a week or so out from many Round 2 MBA application deadlines, we’re fielding a lot of questions from our clients on how to fill out the actual ‘application’, otherwise known as the application data form. It’s easy to stress that your answers won’t be ‘right’ or will negatively impact your chances of admission in some way. Rest assured, they most likely won’t. But, to serve as a quick resource as you’re working through your applications, today we’re sharing a list of MBA application FAQs and our thoughts on each.

In our experience, the top five MBA application FAQs are as follows:

#1 – Should I submit more than one test score?
Some schools allow you to submit two GMAT or GRE scores from multiple attempts. At the end of the day, they’ll mostly rely on your best score to assess your candidacy. However, in our experience, the adcom likes to see that applicants, particularly those with scores lower than their class average, have attempted the test more than once. So, our advice is to include multiple scores if you are allowed to do so.

#2 – When asked for a job description or key accomplishments, should I just copy and paste from my resume?
We hear you, copying and pasting from your resume seems both easy and logical. You’ve already spent a lot of time coming up with the perfect wording to describe what you’ve done, right? While not a dealbreaker, to us this comes across as a tad lazy.

We advise clients to take the descriptions from their resume and adjust them to a more conversational, sentence-based format. Layperson’s terms are key. Think about how you would describe your work to your partner’s parents who are familiar with business in general but not your specific company, industry, function, etc. This is the way you should describe it in your applications. Not only will this help the adcom ‘get’ what you do, but it also showcases that you can communicate something complex in a clear and simple way.

#3 – The application asks for details about my family background, cultural identity, etc. but I do not view myself as a particularly diverse candidate. How do I answer?
As we’re sure you are aware, cultivating a diverse class is top of mind for business schools. This enriches the experience for all and works towards building diversity into the management ranks of post-MBA employers, amongst a number of other equally important reasons. That said, diversity as a concept is much broader than the set of reportable categories you see in [url=https://www.hbs.edu/mba/admissions/class-profile/Pages/default.aspx]MBA class profiles[/url].

We would urge you to share something here, as opposed to leaving it blank. If you dig deep enough, virtually everyone has something unique about the way they were raised that has influenced who they are today. Maybe you are a twin, were raised in a family of doctors, or spent your summers traveling to visit family in eastern Europe – these can all be relevant to the perspective you would bring to campus.

#4 – How many ‘activities’ should I list and what fits the bill here? Relatedly, some applications cap activities at a certain number, how do I prioritize?
Generally speaking, schools ask this question because they want to see: i) how you spend your time outside of work and ii) how you’ve contributed to communities of which you are a part in the past. At the end of the day, they want their student body to be curious and interesting. Most schools also depend on student-led clubs to enrich the experience of their students, help prepare them for recruiting, etc.
When choosing what to include here, to a certain extent, we’d recommend you trust your gut. What activities ‘feel’ most significant or meaningful to you? Oftentimes these also happen to be involvements that are aligned with your personal brand so will help to reinforce the picture you present of yourself elsewhere in the application.

Aside from that, err on the side of including organizations where you had a formal or informal leadership role and are somewhat recent. If you want to include something from college, that’s fine but balance it with another activity or two from present day. Same goes for hobbies – these are great to show you are an interesting person, but balance them with things that require teamwork, collaboration, etc.
If the application allows for an open-ended number of activities, our advice is to target three to five unless it would be a stretch to do so or, on the flip side, you really can’t leave out a sixth.

#5 – How do I answer the ‘reason for leaving’ questions in the Employment section of the application?
We’ll address this in two parts – how to answer why you left past jobs and how to handle this question as it pertains to your current job.

For past jobs, we sometimes see clients focus on the negatives or frustrations they had while at a prior company (toxic work culture, unsupportive management, etc.). While this may be accurate, we suggest you focus on the positives you saw on the horizon at the company you joined upon leaving. This can be a great opportunity to tell more of a story about your career path and share the logic that went into your decision.

For your current role, it seems logical to simply say ‘N/A’ since you’re still there, right? Yes, but we’d recommend that, instead, you use this field as a place to reinforce your ‘why MBA’ messaging. In our opinion, this comes across as more thoughtful and thorough.

We hope you’ve found our answers to these MBA application FAQs helpful! Here are a few other articles that may be of interest as you wrap up your Round 2 MBA applications:

[url=https://vantagepointmba.com/2022/01/17/thanking-your-business-school-recommenders/]Thanking Your Business School Recommenders – Vantage Point MBA[/url]

[url=https://vantagepointmba.com/2021/09/13/how-to-tackle-kelloggs-video-essays-2/]How to Tackle Kellogg’s Video Essays – Vantage Point MBA[/url]

[url=https://vantagepointmba.com/2022/12/22/mba-application-checklist/]MBA Application Checklist | Vantage Point MBA[/url]



The post [url=https://vantagepointmba.com/2022/12/29/mba-application-faqs/]MBA Application FAQs[/url] appeared first on [url=https://vantagepointmba.com]Vantage Point MBA[/url].
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https://vantagepointmba.com/
Your Personal MBA Application Experts
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Jan 4 at 02:01pm

FROM Vantage Point MBA Admissions Blog: Round 3 MBA Applications
If the first two application deadlines for the top MBA programs got away from you, you’re not alone! Now you might be questioning if you should apply in round 3 or wait until next year. While we can’t make the decision for you, we can tell you the truth about round 3 MBA applications.

How Top Business Schools View Round 3 MBA Applications
Unfortunately, by the time round 3 comes around, most of the class at any of the top MBA programs has been filled with prior round applicants. In fact, HBS decided to get rid of its round 3 cycle a few years ago. In round 3, the adcom is also re-evaluating waitlist candidates from prior rounds, so competition is fierce for a finite number of seats.

In round 3, the schools are refining, not building their class – we’ve heard this time and again from adcoms at the top MBA programs. It is very likely they’ve already admitted applicants like you. As such, the bar for distinguishing yourself is set that much higher.

This is even more challenging for traditionally overrepresented applicant profiles (i.e., consultants, IB/PE, engineers from India, tech etc.). This is not to pick on these folks, but it is simply unlikely that a top program has a lack of consultants, for example, among its pool of admitted students. Have consultants ever been admitted in round 3? Of course! But it’s an uphill battle.

What the Data Tells Us About Round 3 MBA Applications
Although schools don’t publish acceptance rates by round, our friends at Poets & Quants did some digging and estimated them using self-reported data from GMAT Club. It’s not perfect but can be used directionally. They found that round 3 acceptance rates at Stanford declined by 75% versus round 1 to a mere 2% of applicants – ouch! Round 3 acceptance rates at programs such as HBS, Haas, and Tuck are thought to decline 65-68% versus round 1 to <10%. Some schools have acceptance rates that round to zero for Round 3!

Other Things to Consider with Round 3 MBA Applications
While the process varies from program to program, scholarship money is typically less available in round 3. Some schools consider all applicants – no matter the application round – for merit-based and need-based scholarships/fellowships. Others, such as Columbia Business School, have a January deadline to be eligible for scholarships and fellowships. Even if your school(s) awards financial aid on a rolling basis, there is simply less money left over for round 3 applicants as earlier applicants have received priority.

Separately, if you’re an international applicant, waiting until round 3 might complicate visa processing, housing arrangements, etc. It’s not impossible to make the timing work, but it will likely be stressful.

A Few Situations When Applying to MBA Programs in Round 3 Makes Sense
Although round 3 MBA applications do come with risks, it’s not all doom and gloom. Every year, dozens of fantastic candidates are admitted in round 3. If they weren’t, schools would simply do away with the late round(s), right? The bar is just a lot higher.

In our experience, round 3 could be right for you if:

  • You have a tight and differentiated application. The adcom expects round 3 applicants to be that much more buttoned up since they’ve had more time to work on applications. If you’ve done the hard work of putting together a compelling story, drafting thoughtful and well-written essays, and achieving a great GMAT score then it could be the right time for you to apply. If it doesn’t work out, reapplying in round 1 isn’t a deal killer. You just must be confident that between now and then, you’ll have compelling updates to provide.
  • You have a compelling reason for your round 3 timing. The adcom will often expect you to have a compelling reason for why you waited until round 3 to apply to their program. Sometimes circumstances such as an illness or military service push you into round 3. Or perhaps you were one of many who were impacted by recent layoffs in the tech sector (note that, if this is the case, some programs have even extended their round 2 deadlines for you). Be sure to explain your reasoning and don’t leave it open to interpretation.
When It Might Make Sense to Wait Until Round 1 Next Year
While it can be tough to think about waiting a year plus to begin business school, there are many instances where a little extra time to craft a stellar application can pay off. It might make sense to apply in round 1 next year if:

  • You’re a younger applicant. If you have less than three years of work experience, which is below average for the top MBA programs, it may serve you well to get a few more months on the job before applying. During that time, you could strengthen your leadership experience, manage summer interns, take on a new project, etc., all of which could improve your profile.
  • Your application has a ‘fixable’ weakness. If there is an aspect of your application that you could still improve (GMAT, extracurriculars, leadership experience, etc.), it may be worth doing so before you apply. No matter the timing, we always advise our clients to submit their applications when they’re in the best place possible.
  • You don’t think you’d make a good reapplicant. These days, being a reapplicant is NOT a bad thing. Most schools tell us that they like to see the commitment of reapplicants. We helped a third time reapplicant get into HBS and Stanford just a few years ago! However, to be a good reapplicant, you need to demonstrate growth, development, and progression since your last attempt. If you don’t think much will change for you between March and September, it may be best to apply with your best foot forward in round 1. It’s NEVER a good idea to submit a subpar application in haste. As a reapplicant, the adcom will be looking at your original application again, so a sloppy piece of work will haunt you.
We’re here if you would like to discuss your options! Request a free 30-minute consultation today.

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Jan 12 at 01:01pm

FROM Vantage Point MBA Admissions Blog: Applying in Round 1? Start This Part of the MBA Application Process Now
There’s something about a new year, the promise of what’s to come and the thrill of possibility, that has our whole team feeling excited about 2023! The new year is also when we see a major shift in the conversations we’re having with you all – from “help me put finishing touches on my round 2 applications” to “what can I be doing now to ensure my applications are the best they can possibly be for round 1 this fall?”. We love this question and, in today’s article, we’re going to provide you a very thorough answer. There are a few things you can do now (take the GMAT/GRE, amp up extracurricular involvement, etc.), but one of the most important things that we absolutely recommend you begin ASAP is networking. Networking is such an important part of the MBA application process, and we find that it’s often overlooked or put off until the last minute.

When to Get Started Networking
It’s understandable, but we often find that people think networking should come after they solidify the list of schools to which they plan to apply. Yes, it’s absolutely true that you should network with all of your target schools, but we would argue that networking is incredibly useful when done before you solidify your list. In other words, use networking to help decide which programs are the best fit for you and your goals.

Maybe you’ll talk to a program representative and find out that the school is absolutely not your style – that’s not wasted effort! Wasted effort would be putting in the work to apply somewhere you wouldn’t be happy going. Deciding where to apply is so much more than looking down the rankings and blindly picking the top five or six schools that are reasonably realistic given your test scores, GPA, etc. And schools sound incredibly similar if you just look at their websites – hence why it is so important to talk to them (their adcom reps, current students, alums) live and individually.

How to Get Started Networking
There are a number of ways you can get started networking. Particularly if you are at the beginning stages of your school research process, we love the idea of attending MBA fairs like those hosted by [url=https://bit.ly/3GTcIw0]QS[/url]. MBA fairs allow you to hear from and network with a number of programs at one time and some even offer one-on-one meetings with school representatives. We also love those that are held in person because there really is no substitute for face-to-face interaction. Many of these events take place in January-March so don’t wait too long to check them out.

Another great first step in your networking journey is to attend virtual admissions events for schools that are in your broad consideration set. Come prepared with a good question or two that is tailored to your focus area (and not readily available on the school’s website) and compare how various programs respond. These sessions are often more informative than people expect and the lift to attend is low.

Next Steps on Your Networking Journey
Once you’ve begun solidifying your target list – maybe you really like seven programs and plan to apply to five of those when all is said and done – consider ramping up your networking even more.

There are a few ways you can do this. You can schedule coffee or phone chats with people in your network (coworkers, friends, family members, etc.) who went to the schools you are considering or even just to business school in general. If your network is light in this regard (mine was!), many schools have ‘ambassador’ programs, where they’ll connect you with a current student for a brief phone chat. These programs are often listed on schools’ admissions websites, or you can give them a call to get started. Don’t be intimidated – these conversations can be SO beneficial.

Another option is to reach out to student leaders of clubs that align with your interests from a career standpoint, on an affinity basis (i.e., Veterans club, Asian business association), or because of a hobby (i.e., the ski club). Email addresses for club leaders are often listed on club websites or the admissions office may be willing to connect you. This type of targeted outreach can be a great way to connect with students whose experience on campus may be a rough proxy for your own.

Lastly, the spring is a great time to schedule campus visits (woohoo, they’re finally back post-COVID!). Classes are in session so you can often observe and even have lunch with current students. Many people wait until the summer when campus is empty or try to cram visits in at the last minute in the fall (these fill up super quickly!) – we urge you not to wait. There truly is no better way to the get the vibe of a program and determine if it is a place you’d be happy spending two years.

If you’re ready to begin the MBA application process, we’d love the opportunity to help! Reach out to request an [url=https://vantagepointmba.com/request-consultation/]initial consultation[/url].

The post [url=https://vantagepointmba.com/2023/01/12/mba-application-process/]Applying in Round 1? Start This Part of the MBA Application Process Now[/url] appeared first on [url=https://vantagepointmba.com]Vantage Point MBA[/url].
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Jan 20 at 06:01am

FROM Vantage Point MBA Admissions Blog: Top Deferred MBA Programs: Should You Apply?
If you are currently in your senior year of college or enrolled in a graduate program that you began right after graduation, this article is for you. While it might be tempting to coast through to the summer, we urge you to consider whether you should apply to one or more of the top deferred MBA programs.

What are these exactly? Generally, they entail a full-time two-year MBA program that you apply for as a college senior (or graduate student) and attend after having worked for 2-5 years. During the ‘deferral period’ – between college graduation and arriving on campus for your MBA – many business schools offer access to their career services office and/or student programming like industry conferences.

As a current student, you are still in ‘study mode’ and likely have more time on your hands than you will while working full time in a demanding job. As such, now can be the perfect time to devote to taking the GRE/GMAT and preparing your applications (most of the deadlines are in April). Most schools also waive application fees for deferred MBA hopefuls – this seems minor, but at ~$200 per school, these can add up!

That said, admission into the top deferred MBA programs is competitive and the class sizes are small. It makes sense to understand what admissions officers are looking for before you decide to devote time and effort to the application process.

What follows is a list of the top deferred MBA programs – in no particular order – and some basic facts about their class profiles, application requirements, and other nuances to consider.

[b][url=https://www.hbs.edu/mba/admissions/application-process/college-students-2-2/Pages/default.aspx]HBS 2+2 Program[/url][/b]

[list]
[*]Deadline: 4/27/23[/*]
[*]Post-College Work Experience Before Matriculation: 2-5 years[/*]
[*]Number of Admits in Most Recent Class: 121 (9% acceptance rate)[/*]
[*]GMAT: Not reported[/*]
[*]Undergraduate GPA: Not reported[/*]
[/list]
[b][url=https://www.gsb.stanford.edu/programs/mba/admission/deferred-enrollment]Stanford Deferred Enrollment MBA Program[/url][/b]

[list]
[*]Deadline: 4/11/23 (may also apply in Round 1 and Round 2 along with candidates for the traditional MBA program)[/*]
[*]Post-College Work Experience Before Matriculation: 1-3 years encouraged, 4 years maximum[/*]
[*]Number of Committed Admits in Most Recent Class: Not Available[/*]
[*]GMAT: Not Available[/*]
[*]Undergraduate GPA: Not Available[/*]
[/list]
[b][url=https://mba.wharton.upenn.edu/deferred-admissions/moelis-advance-access-program/#1568227941148-b146b55f-3a31]Wharton Deferred Admission Moelis Advance Access MBA[/url][/b]

[list]
[*]Deadline: 4/26/23[/*]
[*]Post-College Work Experience Before Matriculation: 2-4 years[/*]
[*]Number of Committed Admits in Most Recent Class: 110[/*]
[*]GMAT: Not reported[/*]
[*]Undergraduate GPA: Not reported[/*]
[/list]
[b][url=https://mitsloan.mit.edu/programs/mba-early/overview]MIT Sloan Early Admission MBA[/url][/b]

[list]
[*]Deadline: 4/19/23[/*]
[*]Post-College Work Experience Before Matriculation: 2-5 years[/*]
[*]Number of Committed Admits in Most Recent Class: 101[/*]
[*]GMAT: 750 (median)[/*]
[*]Undergraduate GPA: 3.88 (median)[/*]
[/list]
[b][url=https://www.chicagobooth.edu/mba/early-career-programs/chicago-booth-scholars]Deferred MBA Chicago Booth Scholars[/url] [/b]

[list]
[*]Deadline: 4/11/23[/*]
[*]Post-College Work Experience Before Matriculation: 2-5 years[/*]
[*]Number of Committed Admits in Most Recent Class: Not Available[/*]
[*]GMAT: Not reported[/*]
[*]Undergraduate GPA: Not reported[/*]
[*]Program Nuance: Deferred MBAs can enroll in any of Booth’s programs, including the Evening or Weekend MBA programs[/*]
[/list]
[b][url=https://www.kellogg.northwestern.edu/programs/full-time-mba/kfl-deferred-enrollment-program.aspx]Kellogg Future Leaders Deferred Enrollment MBA[/url][/b]

[list]
[*]Deadline: 4/26/23[/*]
[*]Post-College Work Experience Before Matriculation: 2-5 years[/*]
[*]Number of Committed Admits in Most Recent Class: Not Available[/*]
[*]GMAT: Not reported[/*]
[*]Undergraduate GPA: Not reported[/*]
[*]Program Nuance: Deferred MBAs can enroll in any of Kellogg’s programs, including the Part-Time MBA program[/*]
[/list]
[b][url=https://www.darden.virginia.edu/mba/admissions/apply/future-year]Darden Future Year Scholars Deferred Enrollment MBA[/url][/b]

[list]
[*]Deadline: 4/11/23 or 8/1/23[/*]
[*]Post-College Work Experience Before Matriculation: 2-5 years[/*]
[*]Number of Committed Admits in Most Recent Class: Not Available[/*]
[*]GMAT: Not reported[/*]
[*]Undergraduate GPA: Not reported[/*]
[*]Program Nuance: Candidates may also apply using their SAT or ACT score[/*]
[/list]
[b][url=https://som.yale.edu/programs/mba/admissions/silver-scholars]Yale Silver Scholars MBA Program[/url][/b]

[list]
[*]Deadline: Same as Traditional MBA Program Deadlines, with Round 3 occurring on 4/11/23[/*]
[*]Post-College Work Experience Before Matriculation: None – students matriculate as Silver Scholars directly after college or another master’s program (see below for more context)[/*]
[*]Number of Committed Admits in Most Recent Class: Not Available[/*]
[*]GMAT: Not reported[/*]
[*]Undergraduate GPA: Not reported[/*]
[*]Program Nuance: Silver Scholars is a three-year program – students complete Yale SOM’s Core Curriculum in their first year, complete an extended internship in their second year, and take Yale SOM electives in their third year.[/*]
[/list]
[b][url=https://academics.gsb.columbia.edu/mba/admissions/options-deadlines/deferred-enrollment-program]Columbia Business School Deferred Enrollment MBA Program[/url] [/b]

[list]
[*]Deadline: 4/15/23[/*]
[*]Post-College Work Experience Before Matriculation: 2-5 years[/*]
[*]Number of Committed Admits in Most Recent Class: 235[/*]
[*]GMAT: 530-780 (range)[/*]
[*]Undergraduate GPA: 3.3-4.2 (range)[/*]
[/list]
[b][url=https://mba.haas.berkeley.edu/admissions/accelerated-access]Haas Accelerated Access[/url][/b]

[list]
[*]Deadline: 4/20/23[/*]
[*]Post-College Work Experience Before Matriculation: 2-5 years[/*]
[*]Number of Committed Admits in Most Recent Class: Not Available[/*]
[*]GMAT: Not reported[/*]
[*]Undergraduate GPA: Not reported[/*]
[/list]
If you are considering applying to one or more of the top deferred MBA programs, [url=https://vantagepointmba.com/request-consultation/]reach out[/url] to request a free 30-minute consultation. Working with applicants like you is one of our specialties. We can help you navigate the various program options, assess your competitiveness for admission, and guide you through the nuances of the application process.  

The post [url=https://vantagepointmba.com/2023/01/20/top-deferred-mba-programs/]Top Deferred MBA Programs: Should You Apply?[/url] appeared first on [url=https://vantagepointmba.com]Vantage Point MBA[/url].
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Jan 26 at 03:00pm

FROM Vantage Point MBA Admissions Blog: The Case for the Employer Sponsored MBA
We recently came across [url=https://www.bizjournals.com/baltimore/news/2023/01/06/viewpoint-why-support-mba-education.html]this article,[/url] where the Dean of Loyola Marymount’s business school eloquently makes the case that, by investing in employees’ continuing education, employers can cultivate a higher-performing, more committed workforce. We agree and want to add our two cents – as two women who have benefitted from access to top MBA programs and now coach those on their journeys to do the same – to the discussion. Here is why we feel there is a strong case to be made for the employer sponsored MBA.

I think we can all agree that, on a societal level, COVID did a number on people’s loyalty to their employers and the connection they feel to their workplace communities (it’s so hard to build relationships via Zoom). In speaking with our clients, many of whom began their jobs during the pandemic, we can definitively say that they have missed out on much of the mentorship and ‘learning by osmosis’ that we both enjoyed in our early careers.

The current state of the economy, with new headlines about substantial layoffs emerging seemingly every day, will further sever the dwindling sense of employee loyalty that remains.  This is not new news and the discussion about ‘quiet quitting’ even feels a bit stale at this point.

What hasn’t been discussed to a great enough extent, however, is where we go from here. Our clients, most of whom are two to three years out of college, are the business leaders of the future. What they do and how they lead will not only define their own careers but the careers of the generation that follows.

Part of our engagement with these high potential, young professional clients involves challenging them to share their most ambitious dreams and goals with us. They are a passionate and inspiring bunch, with visions of improving the sustainability of healthcare, transforming workforce readiness, and overhauling the current educational model to make it more equitable and accessible. Passion and work ethic are not dead, we just need to redefine how we nurture and harness them.

Ensuring these young people are set up to successfully actualize these plans is not only great on a societal level. It also makes good business sense. What company wouldn’t want to hire ambitious people with transformative ideas swirling in their heads and the innate confidence to say them out loud when asked, ‘what is your long-term dream job?’

That said, ideas are not enough. As we move into a post-pandemic world with what appears to be a shakeout in the tech sector, the firms poised to benefit most are those who have [url=https://www.mckinsey.com/capabilities/people-and-organizational-performance/our-insights/to-emerge-stronger-from-the-covid-19-crisis-companies-should-start-reskilling-their-workforces-now]upskilled their workforces correctly[/url]. In addition to having great ideas, our future business leaders must be able to determine whether they are financially viable, communicate them powerfully, and motivate a team to implement them. As MBAs ourselves, we can wholeheartedly say that skills like these were some of the most critical things we took away from our two years on campus. This is where the employer sponsored MBA comes in.

By encouraging and subsidizing employees to further their education with an MBA, whether that is through tuition reimbursement, application coaching or both, companies convey the message that they want a growth-minded, ambitious workforce. Not only will such people self-select into those organizations, they are more apt to be highly engaged and stay there.

The case for the employer sponsored MBA extends beyond a [url=https://vantagepointmba.com/2016/12/09/full-time-or-part-time-which-mba-is-right-for-you/]part-time schooling model[/url], where employees remain employed while furthering their skills. It may be less direct and sound counterintuitive, but companies can benefit from encouraging employees to ‘fly the coop’ and attend a full time MBA program. As Sting put it best, “if you love someone, set them free.” Of course, with the right incentives, employees may return to their pre-MBA employer after business school. The top management consulting firms, who offer retroactive tuition reimbursement to high-performing associates who ‘round trip’, have proven this to be the case.

However, the less obvious but perhaps most long-term benefit comes from what we’ll call the ‘network effect’ that is particularly powerful amongst the MBA community. By sending their best and brightest off to the top MBA programs, companies deploy strong advocates and ambassadors – evangelists, even – of their corporate culture and the growth opportunities they offer to employees. In turn, employers strengthen their position in the fight for top talent.

About the Authors

Katie McQuarrie is Vantage Point MBA’s Director of Marketing and a Senior Admissions Consultant

[img]https://vantagepointmba.com/wp-content/uploads/2018/02/katie-150x150.jpg[/img]











Melody Jones is Vantage Point MBA’s Co-Founder and President

[img]https://vantagepointmba.com/wp-content/uploads/2016/09/Melody-square-150x150.jpg[/img]











The post [url=https://vantagepointmba.com/2023/01/26/employer-sponsored-mba/]The Case for the Employer Sponsored MBA[/url] appeared first on [url=https://vantagepointmba.com]Vantage Point MBA[/url].
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Feb 2 at 05:01pm

FROM Vantage Point MBA Admissions Blog: MBA Interview Questions – Don’t Let These Stump You
Preparing for your MBA interviews can seem fairly straightforward at first. All you need to do is bullet out and practice your answers to the standard MBA interview questions and you should be good to go, right? Hopefully so, but not always.

While interviews with members of the adcom may entail a certain level of consistency between candidates, this is by no means the rule (especially for places like [url=https://www.hbs.edu/mba/admissions/application-process/Pages/default.aspx]HBS where interviews are highly personalized[/url]). It is less likely to be true if you are interviewing with an alum or current student, as they are generally given latitude to ask what they like so long as they can assess you according to the school’s designated criteria afterwards.  

So, how do you prepare for oddball MBA interview questions you never thought you’d be asked? At the end of the day, you can’t prepare for everything and that’s exactly why the interview is informative to assess your candidacy. Great leaders shine in the real world because they can think on their feet and respond well to an unexpected challenge. Reacting well to an unanticipated interview question is one small way you can demonstrate your potential to be a great leader.

That’s not to say that your MBA interviewer is trying to stump you, as nine times out of ten they aren’t. It might just be that they phrase a question in an unexpected way or ask for an example of a time that you have a perfect story for…if you hadn’t used it for your last answer (argh!).

As we said earlier, you can’t prepare for everything but that doesn’t mean you shouldn’t do what you can. Absolutely spend the bulk of your time on the most common MBA interview questions like your resume walk through, post-MBA goals, etc., but it’s also helpful to scan a list of the less common questions you might be asked and think about how you would answer them. In our experience, even 30 seconds of thought can result in a stronger answer than having to come up with something on the spot.

With that in mind, here is a list of somewhat surprising MBA interview questions compiled from past clients and publicly available sources like ClearAdmit:

[list]
[*]What are some challenges you would face in your MBA?[/*]
[*]Who are your firm’s biggest competitors and what is its competitive advantage?[/*]
[*]What’s your plan B if you can’t get the role you want after graduation?[/*]
[*]What if, in five years, your target industry doesn’t end up as you expect it will. What will you do, and will that change your plans?[/*]
[*]What are the three attributes a good team needs?[/*]
[*]Tell me about a time you showed resilience.[/*]
[*]What does equality and diversity in the workplace mean to you? (Note: we’re finding that nearly every program now includes a diversity-related question in its interview. Be prepared!)[/*]
[*]Share your proudest accomplishment, either personal or professional.[/*]
[*]What are the top three factors that led to your success?[/*]
[*]What would you like your legacy to be at [X school]?[/*]
[*]What is trust and how important is trust in our society? [/*]
[*]Please tell me about three failures you have had.[/*]
[*]If you could change one thing about your current company, what would it be?[/*]
[*]Do you read for fun? What was the last book you read?[/*]
[*]What other schools did you apply to and why?[/*]
[/list]
Clearly this list is far from comprehensive, but it is a start. Another place to focus your preparation is on any school-specific principles, concepts, etc. For instance, Fuqua is known to ask about ‘DQ’ or ‘decency quotient’, Haas may question how you’ve demonstrated its four ‘leadership principles’, and Tuck may ask whether you exhibit the ‘four characteristics’ that form the basis of its admissions criteria. These programs will expect you to be familiar with these concepts if you have done an appropriate amount of research.

At the end of the day, please don’t stress if you get stumped. You’re human and your interviewer knows this – and has likely been in your same shoes! It is totally fine to take a pause to gather your thoughts, even if it means an uncomfortably long silence. Worst case, if you end up blurting out a jumbled answer, you can always address the situation in your thank you note and offer more cohesive thoughts (briefly, of course).

Don’t hesitate to [url=https://vantagepointmba.com/free-consultation/]reach out[/url] if you’d like some help with your interview preparation or anything else related to your MBA admissions journey.

The post [url=https://vantagepointmba.com/2023/02/02/mba-interview-questions/]MBA Interview Questions – Don’t Let These Stump You[/url] appeared first on [url=https://vantagepointmba.com]Vantage Point MBA[/url].
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Feb 9 at 12:01pm

FROM Vantage Point MBA Admissions Blog: Who Gets into Harvard Business School and What Does that Mean for You?
You may have seen [url=https://poetsandquants.com/2020/01/08/who-really-gets-into-harvard-stanfords-mba-programs/3/]this recent article on Poets & Quants[/url], which shared some eye-opening data from our peer firm, Fortuna Admissions, about who gets into Harvard and Stanford’s MBA programs. In a nutshell, the article proved that, while these two uber competitive programs tout their diverse class compositions, in reality they show a clear preference for certain backgrounds. Well, that’s disheartening, huh?

Yes, it certainly can feel a bit unfair.  At this stage in the game, you can’t change where you went to college, and you may or may not have time (or the desire) to switch jobs. So, does that mean you should give up on your dream of attending one of these top programs? We’re not in the business of sugarcoating things – the chances of getting into HBS or the GSB are small for even the most qualified applicant.

We are in the business, however, of helping applicants increase their chances. And we think this research can be used to help you do exactly that. Here are our four actionable takeaways from the research about who gets into Harvard and Stanford:

[b]#1 – Successful applicants have a proven track record of outperformance. If you can’t do this through the selectivity of your undergrad or employer, find another means to demonstrate you are the ‘best of the best’.[/b]
Perhaps the most notable takeaway from this analysis is that a disproportionate number of HBS’ and Stanford’s classes attended a small subset of highly selective US undergraduate institutions. For instance, 53% of Stanford’s class studied at just 19 institutions (Ivies and similarly competitive public and private institutions). Further, the employer names on your resume matter, a lot. Half of HBS’ class worked for one of 20 companies (MBB, bulge bracket banks, big tech) or the military.

So, what if you didn’t go to an Ivy League school or work at McKinsey? Fair or not, admissions officers are using such credentials to determine which candidates consistently excel relative to an intensely talented peer set.

The key is to think about times (note we said times, plural) where you stood out from the pack and make sure these are highlighted in your application. Maybe you were a standout competitor in a college sport while maintaining a stellar GPA, for instance. Or you work at a slightly less impressive firm but rose through the ranks more quickly than anyone at your level has before. These types of accomplishments should be reiterated across your resume, essays, and recommendations (as appropriate).  

[b]#2 – International applicants who have never studied or worked in the US bear an additional burden of proof to show they’ll fit in and be competitive at HBS or the GSB.[/b]
Another takeaway that, frankly, surprised even us was that many (33%-50%) of the ‘international’ students in each school’s class had studied in the US for undergrad. Amongst the remainder, only select international universities (Cambridge, McGill, the IITs, etc.) had more than one admit per class.

If you are an international applicant without US-based college or work experience on your resume, the bar is just higher, plain and simple. Take great care to highlight any and all cross-cultural work or extracurricular projects you’ve been involved with, notably those that required communicating in English. Beyond just participating in such projects, demonstrate that you had a material impact on the outcome, influenced other stakeholders, etc.   

[b]#3 – For overrepresented groups, differentiation versus peers becomes the name of the game. That will usually come from stories outside of work. [/b]
This is not all to say that, if you went to Stanford and work at Goldman Sachs, you are automatically one of the lucky few who gets into Harvard or Stanford’s business school. A big, yet unavoidable shortcoming to this analysis is that the authors have no way to know what the pool of applicants looked like. It’s possible that those with MBB experience are overrepresented in the class because they were overrepresented in the applicant pool.

We’ve worked with a lot of management consultants and private equity associates – trust us when we say that the hardest part of the application journey for these individuals is differentiating themselves from equally qualified peers who have worked on similar cases or deals. Telling a story about how you flawlessly led a workstream on your latest case is unlikely to set you apart.

In our experience, the difference makers for those from overrepresented groups are twofold – the stories you tell in your essay(s), which should overwhelmingly come from outside of work, and the quality of your recommendations. Successful essays (the writing of which deserves an [url=https://vantagepointmba.com/2022/06/09/hbs-essay-advice/]entirely different article[/url]) present a clear and coherent picture of who you are, NOT what you’ve done. They also strike a tone of humility, collaboration, and impact.

When it comes to who gets into Harvard and Stanford, particularly amongst candidates with similar resumes, we cannot stress the letters of recommendation component of your applications enough. Make sure your recommenders highlight what differentiates you from other people at your level (9 times out of 10, perhaps more, this is NOT the quality of your analytical output, for example). These differentiators should feel authentic to you and be supported by strong, specific examples. It is hard and takes real investment to write a stellar recommendation – above all else, make sure you choose recommenders that will take this to heart.

[b]#4 – Carefully think about when to apply, considering whether another year of experience would put you in the sweet spot for HBS / GSB given your background. [/b]
Lastly, and particularly for those from a crowded space like management consulting, give real thought to when you apply. Fortuna’s research showed that schools like HBS may not be as reticent to admit older applicants as common industry knowledge suggests.

In our experience, candidates who have fewer than average years of work experience (4.7 years is HBS’ average at matriculation, for reference) can have more difficulty coming up with defining leadership stories and articulating a nuanced vision of the change they plan to drive in the future.

We’ve found that year two on the job after college is when people begin to get a sense for where their passion lies and/or what their ‘superpower’ is. Consciously trying to gain experience in a focus area or leveraging a unique ability during their third year in the workforce can make all the difference when it comes time to writing your HBS and GSB essays (and can also strengthen the quality of your recommendations). Again, this isn’t an exact science, just something to consider as it relates to your own profile.

If you’d like an honest assessment of whether your profile aligns with who gets into Harvard and Stanford’s MBA programs, as well as advice on optimizing your chances, reach out to [url=https://vantagepointmba.com/request-consultation/]request a consultation[/url].



The post [url=https://vantagepointmba.com/2023/02/09/who-gets-into-harvard/]Who Gets into Harvard Business School and What Does that Mean for You?[/url] appeared first on [url=https://vantagepointmba.com]Vantage Point MBA[/url].
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Feb 16 at 04:00pm

FROM Vantage Point MBA Admissions Blog: What GMAT Score Do I Need for Harvard? Answers to Your Most Pressing GMAT and GRE Questions
As an MBA admissions consultant, I find that clients and prospective clients, especially those early in their MBA journeys, are often fraught with anxiety and indecision about standardized testing – namely the GMAT and GRE exams. Should I take the GMAT or GRE? When should I prepare and sit for the exam? What GMAT score do I need for Harvard?

These are the right questions to ask but, as with nearly everything in the MBA application process, the answers aren’t cut and dry. To clarify things as much as possible, below are three commonly held beliefs about the GMAT and GRE exams that aren’t as straightforward as they seem.

FAQ #1: Since I come from a non-quant background, should I take the GRE as opposed to the GMAT?
According to GMAT/GRE experts in our network, the GMAT is a more rigorous exam, plain and simple, especially from a quantitative standpoint. So, some may reason that if they have never viewed themselves as a ‘quant person’, they will fare better on the GRE. Unfortunately, the logic isn’t that straightforward.

Particularly for those with non-quant work experience, a liberal arts undergrad, or a low GPA, the biggest question in the adcom’s mind might be whether you can ‘hack it’ in an MBA-level curriculum. What better way to prove that you can and differentiate yourself in the process than by attaining a competitive GMAT score? Further, if you can attain a solid GMAT quant score and have strong verbal capabilities, leaning into the latter strength and excelling on the verbal portion of the test will actually be a better ‘bang for your buck’, as each incremental point on your verbal score translates to a larger jump in percentile and overall score.

All of that said, obtaining the strongest score possible should be your ultimate goal when deciding whether to take the GMAT or GRE. Someone with a liberal arts background is much better off submitting a solid GRE score than a below average GMAT. In a nutshell, be strategic about your choice of test based on your specific circumstances and don’t jump to a conclusion based on your perception of what ‘type of person’ takes each one.

FAQ #2: When is the best time to take the GMAT or GRE?
Many prospective MBAs assume they should study and sit for the exam the summer before they apply. You certainly can do this, but should you? I would argue not. Schools typically release their applications (i.e., essay questions) in the summer. Ideally, you want to have the GMAT out of the way at this point as there is A LOT to do once you get into the thick of things. Here is a little more detail on our recommended application timeline.

GMAT/GRE experts recommend beginning your test prep 10-12 weeks before you plan to take your first test. And, while this may not be pleasant to hear, you should leave time for two or three attempts (each spaced a minimum of 16 calendar days apart for the GMAT or 21 days for the GRE, as required by the testing agencies). With all of this in mind, we recommend starting your prep no later than early April.

Honestly, it’s almost never too early to get your testing out of the way. GMAT and GRE scores are good for five years and many of our clients achieved their best results while still in college or shortly after graduating since they were still in ‘study mode’.

If you didn’t have this much foresight (I know I didn’t!) and particularly if you work long hours, it is essential to start early as well as to work with intensity, momentum, and efficiency. Investing in a top GMAT or GRE prep course or even private tutoring can help immensely; we would be happy to share the resources that have been most helpful to our clients.

FAQ #3: No really, what GMAT score do I need for Harvard? I achieved a 730, so I am ‘done’, right?
While an awesome score like 730 is right around average for the top programs (like Harvard), the decision on when to set your test prep materials aside is a little more nuanced. As you may have guessed, if your undergrad GPA is lower than your target schools’ averages and/or you come from an overrepresented applicant pool (bankers and consultants, I’m looking at you), you should think long and hard about whether you have more to give in the test department.

How do you know whether you are short-changing yourself? First, consider how many times you’ve taken the test. If you’re on your third or fourth attempt and your previous scores did not demonstrate measurable improvement, it might be time to move on. Before you do, think about whether you really gave it your all. Did you create a study plan and follow it religiously? Also, look at your official GMAT / GRE practice tests, particularly your third through sixth ones. If your scores were materially higher than your results on test day, perhaps something fluky happened (nerves got the best of you, etc.) and another attempt would be worthwhile.

At the end of the day, of course schools care about more than just your GMAT or GRE score. Even the strongest test score won’t guarantee you admission into your dream program. So, to directly address the question ‘what GMAT score do I need for Harvard’, the answer is that there really isn’t such a score. However, as you’re well aware, the MBA application process is a major undertaking if done right and you want to make sure you give each component your all. So, start your test prep early, strategically plan your approach, and follow your plan. Once you do those things and hopefully attain a GMAT or GRE score you are proud of, move on to crafting a stellar application!

The post What GMAT Score Do I Need for Harvard? Answers to Your Most Pressing GMAT and GRE Questions appeared first on Vantage Point MBA.
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Feb 23 at 01:01pm

FROM Vantage Point MBA Admissions Blog: Why MBA? Three Unexpected Ways Business School Pays Off
If you’re considering an MBA, you’ve likely given much thought to the benefits you hope to glean and whether they are worth the time, money, and energy you will expend to attain the degree. Many people’s ‘why MBA’ is either a desire to accelerate their career or make a pivot into a different field and/or function.

It is certainly true that an MBA can enable these things. Business school will fill in gaps in your foundational business knowledge, provide access to career services, and vastly expand your network – all of which can be necessary to take your career prospects to new (or different) heights.

But in our experience as MBAs ourselves and as advisors to prospective, current, and former business school students, we would argue that the answer to ‘why MBA’ is much broader than these oft-cited reasons. As we recently shared on a webinar hosted by our partner GMATClub, we can point to three key ways business school pays off that may not readily come to mind.

Unexpected Benefit #1 – Critical Soft Skills (Not Just Leadership)
Business school is essentially a crash course in soft skills. You are thrown together with a large group of equally talented, ambitious, and diverse peers. You want to build relationships while also excelling in school and recruiting – objectives which can sometimes be challenging to align. And, while business school is a ton of fun, it is also extremely busy and stressful.

As a result, an important soft skill you’ll learn early on is to have better systems. Oftentimes, there simply aren’t enough hours in the day to give 100% to socializing, homework, and interview prep. You are forced to work smarter, not harder and, quite frankly, prioritize.

Another skill business school forces you to learn quickly is influence without formal authority. Nearly every MBA course has a team component. If you feel strongly that your approach to a team project is right, you must, in many cases, convince your teammates to get behind your idea.

In addition to influence, regularly working in teams will also build your confidence and empathy. You’ll get so many ‘reps’ convincingly presenting an idea to a group that doing this in a meeting at your post-MBA job will feel way less intimidating. Additionally, you will likely, at some point, have the realization that your idea or proposed solution is rooted in your narrow sliver of past (personal or professional) experience. This is glory of interfacing with diverse peers and, we promise, you will walk away with a broader and more empathetic mindset.

Unexpected Benefit #2 – Option Value in Your Career
While every MBA application will try to force you to map out your entire post-MBA career, we all know that doing so can be a fool’s errand. Passions and priorities change, industries evolve, and unexpected events (the subprime lending crisis, a global pandemic, etc.) occur.

Business school does not give you a crystal ball, but it does provide option value. At the end of the day, we can confidently say that an MBA from a top business school will always be a sought-after credential. Further, a broad business curriculum provides exposure to most disciplines you will encounter throughout your career.

If your post-MBA plans go sideways, perhaps you are laid off or simply realize that your chosen field isn’t right for you after all, you have your MBA skill set, network, and often an active alumni career services office to help you navigate a change.

Unexpected Benefit #3 – Broaden Your Horizons
Building on our last point, while an MBA allows you flexibility to take risks in your career down the road, business school can also be a great setting to explore what’s out there before you go down a path that may not be right for you. Or maybe you discover a line of work that you didn’t even know existed before you got to campus.

Whatever industry or functional focus you have in mind, it’s likely that someone in your class has experience in it. Meet them for coffee and pick their brain. ‘Test run’ types of work that seem interesting through case studies and experiential learning opportunities. Or use your internship to really see what a ‘day in the life’ is like in your intended post-MBA role.

Concluding Thoughts…
At the end of the day, your rationale for ‘why MBA’ is completely unique to your own circumstances – personal, professional and everything in between. As you complete your own assessment of whether an MBA makes sense, make sure you aren’t overlooking some of the most powerful takeaways you are poised to glean from the experience.

We’d love to be of assistance as you map out your journey to an MBA. Click here to request an initial consultation.

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Mar 2 at 04:01pm

FROM Vantage Point MBA Admissions Blog: How MBA Admissions Consultants Charge and How to Decide What Service is Right for You
If you’re in the process of interviewing firms like ours, you might find yourself confused about how MBA admissions consultants charge for their services. We get it! In today’s article we’ll do our best to lay out the way our industry tends to package and price its services so you can decide for yourself what is best for you.

We also want to acknowledge upfront that, as MBA admissions consultants ourselves, it feels a little weird to be opining on topics like how MBA admissions consultants charge and whether hiring an MBA admissions consultant is ‘worth it’ (of course we think it is). The intent of this article is not to ‘sell you’ on anything, it is meant to be informational and as unbiased as possible. Ok, PSA over, let’s move to the content.

Hourly Services
We’ll start here as hourly services are the most straightforward, on the surface at least. With hourly services, just as they sound, the client pays an MBA admissions consultant for time spent on calls, editing documents, responding to emails, etc. MBA admissions consulting prices for this type of work are generally $300+ per hour.

Pros

  • While firms may have a minimum number of hours they require (we start at a minimum of five hours, for instance), you can usually add more hours as needed. This allows you to ensure you like the firm and/or your consultant before committing an even larger sum of money.
  • You can allocate the hours as you see fit. Your consultant will help you determine the best use of your time but should ask for your ok before completing any billable work. This means you can devote a larger number of hours to your top choice / stretch programs and fewer to other schools, if you are so inclined.
Cons

  • A big (and underappreciated) downside to hourly services is that, when working ‘on the clock’, it can be tempting to shortchange the early stages of the process where your consultant invests in getting to know you and helping you define your ‘story’. This upfront work is SO critical to a compelling application, but the benefits often aren’t readily apparent until your applications come together. Some MBA admissions consultants don’t even offer hourly services because they feel it’s hard to do their best work when they can’t take as much time as they’d like at every step of the process. In fact, this is exactly why we require a minimum of five hours to work with clients on an hourly basis – we’ll urge you to spend at least two of these hours on application strengths / weaknesses and story development.
A la Carte or Pay by Service
Here we’re referring to services like resume reviews, final application reviews, mock interviews, etc. Generally speaking, the consultant will do one review of your materials (resume, essays, etc., depending on the service you’ve selected) and note areas where they could be improved. A mock interview entails a live session and written or verbal feedback afterwards. The service may allow for a limited amount of back-and-forth communication with your consultant via email or phone.

At Vantage Point, we offer a unique variant on this service type through our Amplify Hourly Packages, which bundle step-by-step support in certain high value areas at a price that is less than a comprehensive package (described further below). These are great for clients who have started on the application process on their own but want help taking their materials (resume, essays) to the next level.

How MBA admissions consultants charge for a la carte services is generally tied to the consultant’s hourly rate times the number of hours they expect to devote to the service you are purchasing.

Pros

  • Certain services can really lend themselves to a ‘one off’ approach, such as mock interviews where it’s almost better if the person you speak with has only the information your actual interviewer will have, like your resume. The same goes for something like our ‘Re-Pack’ service, where a member of our team will review an application that was unsuccessful to identify areas you should improve upon for a reapplication.
  • If your budget is tight but you want professional input, this is a lower cost option than a comprehensive package and there is 100% clarity into what you’re getting upfront (although a good consultant will be very transparent as to how you will work together with any type of service arrangement).
Cons

  • The big con with this type of service is the fact that, for the most part, there is limited iteration with the consultant. With a resume review, for instance, your consultant will provide feedback on the version you send them, but it will be up to you to incorporate that feedback effectively. For reference, we often iterate 10 times with comprehensive clients on their resumes and up to 20 times on a set of essays. Understanding feedback and putting it into practice are two different things (and the latter can be much more difficult).
Unlimited or Comprehensive Packages
Unlimited or comprehensive packages offer hands-on coaching throughout the MBA application process. At Vantage Point, we often begin working with clients applying in Round 1 in the spring (around now!) and the engagement continues until they’ve signed on the dotted line with a school. We work with them to select the schools to which they will apply, zero in on their career goals, define their ‘story’ or what differentiates them from other applicants, draft their MBA resume, select and prepare their recommenders, write their essays, practice for interviews, and more.

You can choose how many schools you would like to partner with the consultant on. The first school is the most expensive because a lot of the heavy lifting (setting career goals, defining your story, drafting your resume, etc.) is done whether you are working with them on one school or six. After that, there is a relatively smaller fee for each additional school you include in your package.

Pros

  • Working with a consultant on a comprehensive basis is truly the gold standard for a reason. At every juncture, they will help ensure you are ‘doing all the right things’ from networking with schools to appropriately preparing your recommenders to position you in your best light. They know what schools are looking for and will help ensure these characteristics are brought to the forefront of your application in a way that is authentic to you.
  • Applying to business school is stressful and there are endless questions that come up along the way. From the mundane (‘Should I attend this info session?’) to the not-so-mundane (‘How do I (and can I) negotiate scholarship offers?’), it’s reassuring to have someone on call to ask.
Cons

  • Working with a consultant comprehensively is (necessarily) a very personal engagement. They will want to know a lot about you to help you craft an authentic and differentiated application. Do the leg work upfront to ensure you find someone who is a good fit for you. It’s not only important that you get along with them, but they should also have experience with clients like you.
  • (Note: this is not really a ‘con’ but more of a caveat.) Despite what the term ‘unlimited’ implies, there are many things consultants do NOT do. They don’t write your essays for you, hit submit on your applications or make sure all the components are in by the deadline. They can’t guarantee you will be admitted to your dream school (if they say they can, run). Applying to business school is a lot of work, there’s no getting around it.
These packages are not cheap, and we know that you may have sticker shock when you see the investment required to engage an MBA admissions consultant, particularly on a comprehensive basis.  Keep in mind, however, that it is a lot of work on the part of the consultant (that we love doing). Another perspective that resonated with us when we were in your shoes (and engaged consultants ourselves) is that you, ideally, only want to go through the MBA application process once so it makes sense to ensure you give it your all. Attending a top tier MBA program offers significant upside in long-term earning potential and, in the grand scheme of the cost of business school, making the upfront investment in an admissions consultant might be worth considering.

Regardless, we hope this article helped clarify how MBA admissions consultants charge. Our packages are described more fully here. As always, feel free to reach out to request a free consultation.

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Mar 9 at 05:01pm

FROM Vantage Point MBA Admissions Blog: Should I Hire an MBA Admissions Consultant? Three Non-Obvious Reasons the Answer May Be Yes
In past articles, we’ve discussed [url=https://vantagepointmba.com/2023/03/02/how-mba-admissions-consultants-charge/]how MBA admissions consultants charge for their services[/url] and the [url=https://vantagepointmba.com/2021/08/29/best-mba-admissions-consultants/]questions to ask when you’re interviewing MBA admissions consultants[/url]. It dawned on us, however, that we’ve never really shared our perspective on why you should hire an MBA admissions consultant in the first place. So, if you’re pondering the question, ‘should I hire an MBA admissions consultant?’, this article is for you.

You might guess that our answer to ‘should I hire an MBA admissions consultant?’ would be yes, given that it is our business. You’re correct that we do wholeheartedly believe in the value proposition of the services we offer. However, the reasons why extend beyond the obvious. Yes, data shows that our clients increase their chances of success with the MBA application process. And, yes, it’s nice to have a knowledgeable sounding board for all your application-related questions. But we think some of the most compelling reasons investing in the services of a boutique admissions consulting firm like ours are more nuanced.

#1 – Looking Good on Paper Isn’t Enough
It may be counterintuitive, but some of the most challenging ‘cases’ we encounter are clients who have ‘MBA feeder’ employers on their resumes and exceed the average statistics (GMAT/GRE and GPA) for their target programs.

The reasons why are twofold. The first has to do with competition – while it’s fierce for all applicants, it’s even fiercer for those from overrepresented sectors like banking, consulting, etc.  To stand out from equally talented and ambitious peers, these candidates must differentiate themselves in a meaningful way and that’s TOUGH.

The second reason is a generalization but often true, in our experience. Sometimes applicants from ‘feeder’ industries have always just assumed that going back to business school is in their plans so haven’t fully reflected on why the degree makes sense for them. As you can probably guess from the many places this question shows up, having a compelling answer to ‘why MBA’ is so critical to a successful application. We find that not having passion-led, realistic yet ambitious career goals that require an MBA can be a blind spot for otherwise incredibly marketable applicants.

A good MBA admissions consultant has had a lot of practice drawing out the uniqueness in each applicant (even if that applicant swears up and down that they aren’t all that interesting!) and helping them develop career goals that will resonate with admissions committees.

#2 – The Scholarship Game is Real
In recent years, we’ve observed a material increase in the amount of scholarship dollars top MBA programs are offering to admits. In most cases, they are doing this to increase the chances that the highest caliber applicants will choose to attend their program.

As our founder Melody Jones shared [url=https://fortune.com/education/articles/what-criteria-you-need-to-get-a-full-ride-scholarship-at-a-top-ranked-business-school/]here[/url], two of the keys to attracting these scholarship offers is showing your leadership potential and presenting a nuanced argument as to why ‘program X’ is a great fit for you (and vice versa). Schools don’t want to waste their scholarship offers on candidates who don’t appear genuinely interested in their program.  They save these precious dollars for people who are likely to enroll and who are poised to make the greatest impact on their program.

So how does the topic at hand, ‘should I hire an MBA admissions consultant?’, factor into this discussion? A good consultant can help you highlight the aspects of your profile that not only appeal to schools when it comes to admissions decisions but also when it comes to scholarship decisions. While we don’t have the data to accurately assess whether working with an admissions consultant increases your chances of a scholarship, we do feel it’s possible.

#3 – An Admissions Consultant’s Value Can Extend Beyond Matriculation
We mentioned earlier that a good consultant can help you develop post-MBA career goals that will resonate with the admissions committees. Not only is this true, but we would argue that giving appropriate reflection to this part of your application upfront will pay dividends beyond gaining admission to your target programs.

Part of the work we do with clients is to help them really think about what matters to them in a career, what they are passionate about and why, and where they dream of ending up at the pinnacle of their working life. This makes for a unique and authentic ‘story’ in applications but it also provides purpose and direction once you get to campus. Many people are shocked to find out how soon into their first year of business school internship recruiting begins – if you land on campus with no idea what industries and functions you want to explore, you will end up either super stressed out or having missed out on some great opportunities.

A Few Closing Thoughts…
At the end of the day, when you’re considering ‘should I hire an MBA admissions consultant?’ and perhaps having sticker shock at the cost of doing so, we would encourage you to put into context a) the cost of an MBA, b) the salary increase you’ll enjoy after graduation, c) the professional options that open up to you via the MBA and d) what it costs you if you wing it and don’t end up getting into your dream school. When combined with the reasons outlined above, we hope you’ll agree that working with an MBA admissions consultant is a valuable investment. If you’d like to learn more about how we work with clients and see whether we’re a fit for you, click [url=https://vantagepointmba.com/request-consultation/]here[/url] to request an initial consultation.

The post [url=https://vantagepointmba.com/2023/03/09/should-i-hire-an-mba-admissions-consultant/]Should I Hire an MBA Admissions Consultant? Three Non-Obvious Reasons the Answer May Be Yes[/url] appeared first on [url=https://vantagepointmba.com]Vantage Point MBA[/url].
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Mar 13 at 10:00am

FROM Vantage Point MBA Admissions Blog: Which MBA Program is Right for You? Use Our MBA Fit Tool to Find Out!
Selecting an MBA program to apply to is about more than just rankings and scores. Your “fit” with a particular program and school – both in terms of what you’re looking for and what they’re looking for – is extremely important. Use our MBA Fit Tool to get an initial list of schools that may align with how you’re looking to spend the next two years.

Note that this is meant to be a starting point, not a final answer. We synthesized a lot of information, including our own opinions, as a way of helping you triangulate on some of the key factors for selecting a business school to apply to. Please note that this list only covers the top 20 US schools as that’s our area of expertise at Vantage Point MBA.

Want to discuss? Request an initial consultation to speak with us about your results!

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Mar 16 at 02:01pm

FROM Vantage Point MBA Admissions Blog: MBA Scholarships – Can You Negotiate Them and, if So, How?
If you were lucky enough to emerge from the Round 2 MBA application process with one or more acceptances in hand, congrats!  A subset of you may have even received offers of scholarship money to help offset the very significant cost of attending a full time MBA program, which is an amazing bonus.  MBA scholarships have come to play an increasing role in helping school secure top talent in recent years, a [url=https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwiCr47rheH9AhUokokEHYDZA5gQFnoECA0QAQ&url=https%3A%2F%2Ffortune.com%2Feducation%2Farticles%2Fwhat-mba-programs-offer-scholarship-opportunities%2F&usg=AOvVaw3YSrHl1SQ7WvIP7P5nctr9]trend we’ve been monitoring closely[/url].

While it is obviously a good problem to have, MBA scholarships can make the decision about where to attend business school more complicated than anticipated. Perhaps you were accepted to your top choice program but received a sizeable scholarship offer from a business school you viewed as more of a ‘safety’. Are the incremental benefits of the higher ranked program enough to offset the higher cost to attend?

The decision can be downright anxiety-provoking and it’s an incredibly personal one. But, before you decide, you’re likely wondering whether MBA scholarships are negotiable. The short answer is…maybe. If you are truly torn and the decision boils down to the cost differential, it doesn’t hurt to ask your dream MBA program if they can help. 

Come from a Place of Authenticity
Given that it doesn’t hurt to ask (you’ve been accepted already, after all), you can bet that schools receive quite a few requests for additional scholarship money. That said, your approach should be targeted and specific.

If you can’t honestly say (not that you will be this explicit in your request, but as a thought exercise) that if School A offered you $X you would attend, think long and hard about whether it makes sense to ask. Schools can usually see through requests that aren’t sincere, making them a waste of your time as well as theirs.

Adhere to Their Process
That said, schools are generally willing to entertain scholarship requests, particularly if you have another compelling offer from a school they view as a peer / competitor for talent.

As a starting point, do some research or call admissions to determine how and where they would like you to send your request. Some business schools have an online form they ask people to submit. Other schools will have you send an email to a specific inbox. Some may even ask for a copy of your competing scholarship award letter – it is safe to assume they will do this eventually.

How You Ask Matters
Once you know the process, it’s time to frame up your request. It should be concise but also gracious and honest.

In addition to reiterating that you are thankful for the opportunity to attend program X, a best practice is to restate succinctly why the program in question is best suited to help you achieve your goals. Be sure to do this in a way that is unique to both you and the program at hand – if your ‘why business school X’ argument could apply to any other program or any of your peers, it is not specific enough to be impactful.

Next comes your ‘ask’. Brief context is helpful so that they know your request is sincere. If you have a competing offer, mention it here. Or, if your financial circumstances have changed since you submitted your application, making it more difficult to afford tuition, be upfront about it. The rationale for your request, beyond just wanting to lower the cost of your MBA, goes a long way.

After you share your rationale, politely ask if they can reconsider you for scholarship opportunities. While you may have a ‘number’ in your head that would sway your decision, it’s best to keep your request open ended so as not to sound demanding. Close by thanking them for their time and, once again, for the offer of admission.

Keep in mind that it’s likely they will not be able to offer you additional funding. However, at least you know you’ve laid all your cards on the table to make the best decision for your personal circumstances. Congrats again on your acceptances and enjoy the MBA journey!

You may also be interested in the following:

[url=https://vantagepointmba.com/2023/02/23/why-mba/]Why MBA? Three Unexpected Benefits | Vantage Point MBA[/url]

[url=https://vantagepointmba.com/2022/12/08/mba-waitlist-strategy/]MBA Waitlist Strategy – 10 Dos and Don’ts | Vantage Point MBA[/url]



The post [url=https://vantagepointmba.com/2023/03/16/mba-scholarships-can-you-negotiate-them-and-if-so-how/]MBA Scholarships – Can You Negotiate Them and, if So, How?[/url] appeared first on [url=https://vantagepointmba.com]Vantage Point MBA[/url].
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Mar 23 at 12:00pm

FROM Vantage Point MBA Admissions Blog: Harvard Business School – An Insider’s Guide
This week we’re kicking off a new series! Follow along as we share ‘Insider’s Guides’ for many of the top MBA programs, beginning with – you guessed it – Harvard Business School. We’ll go beyond the [url=https://vantagepointmba.com/2021/03/15/comparison-of-top-mba-programs/]published facts and statistics[/url], sharing what it’s really like to attend some of the most highly sought-after schools in the world. How challenging is the coursework and how are grades determined? What is the culture really like? What extracurriculars are most popular? And more!

Without further ado, here is our Insider’s Guide to Harvard Business School.

The Basics
Located in Boston, MA, Harvard Business School’s esteemed program enrolls a large class of ~1,000 students each year. It’s no surprise that competition is fierce, with the median GMAT score hovering around 730 (163V/164Q for the GRE) and the average undergraduate GPA settling in at 3.69. Interviews are by invitation only and offered to only 20-30% of applicants. For more insight into who really gets into Harvard Business School, you may be interested to read [url=https://vantagepointmba.com/2023/02/09/who-gets-into-harvard/]this recent article[/url].

Academics
You likely know that Harvard Business School’s curriculum centers on the case method of instruction.  The goal of the case method is for students to lead classes by sharing opinions/stories while shepherded by professor. As such, class participation is a huge part of student grades (often 50%, evaluated on quality as well as quantity).

Speaking of grades, Harvard Business School does not have an official grade non-disclosure policy, but in practice there is no grade disclosure to employers. Grades are assigned on a forced curve, with majority of students getting a ‘2’ (Pass) in each class. The bottom 10% of each course is graded ‘3’. Five ‘3’s in a year results in having to explain one’s position in front of a faculty committee. This doesn’t affect many (1-2%) but creates a level of stress early on.

First year is Required Curriculum (RC) year where there are no electives and students cannot waive courses. Different from other schools, technical skills classes are omitted (statistics, decision analysis) from RC and taught through voluntary pre-MBA analytics program and online tutorials. Second year is Elective Curriculum (EC) year. Students take up to five courses per semester (all electives) including up to two cross-registered courses (at another Harvard graduate school) per year. There are no majors to select at HBS.

Culture & Student Experience
The ‘typical’ Harvard Business School student is accomplished and ambitious, but humble.

One thing that comes with having a large class is the diversity, both in terms of industry and background. Learning from your classmates is an extremely important part of the HBS experience and comes through in the case learning method.

While people tend to think of HBS as having a large class, your core social circle may be much smaller than expected.  Each Harvard Business School class is divided into 10 sections of around 90-100 people each. Most students tend to socialize within their section. The social scene is characterized by many organized events (set up by student organizations and sections) with one HBS-wide black-tie event per semester.

In addition to a section, in the fall of first year, students are randomly assigned a discussion group (consisting of students outside your section), which meets each morning to prepare for class together so that you can each contribute effectively to your section-based class discussions.

There is a lottery for the vast majority of Harvard housing (on- and off-HBS campus including highly desired Soldiers Field Park (SFP) and One Western Apartments). Dorms are also available on campus, but some are very small with shared bathrooms (tradeoff for price). Roughly 70% of students live on campus 1st year.

Extracurriculars
HBS is a large school with a huge variety of resources – it is critical to think deeply about what you want from the experience before you attend, or you may get caught by the fear of missing out and stray from your own unique priorities. There are clubs and conferences that cater to all interests and, if you can’t find one that caters to you, you can easily start one with resources at your fingertips. Healthcare, Tech, VC/PE, and Retail and Luxury Club are especially popular but sign up for what YOU are interested in!

In terms of social treks, Yacht Week before school starts is popular and so is Colombia Trek for spring break. The Outdoors Club has a ski trip that is very popular for first years as well. Again, social outings and trips are constant, and you may want to opt for smaller trips instead of 200-person treks. HBS truly is a ‘make your own journey’ experience.

The RC curriculum entails international travel in the spring of first year; second-year students can participate in IFCs (school-organized international trips with an educational component) or Treks (student-organized international trips more focused on tourism/cultural exploration). Harvard Business School does not offer an exchange term abroad.

Closing Thoughts
We hope this article provided insight into aspects of the Harvard Business School experience you won’t easily find on the school’s [url=https://www.hbs.edu/Pages/default.aspx]website[/url] or in the forums. Having a nuanced understanding of what makes each program unique will not only help you decide where to apply (or attend), it will also help you put your best foot forward during the admissions process. Best of luck on your journey. If we can be of assistance, reach out to [url=https://vantagepointmba.com/request-consultation/]request an initial consultation[/url].



The post [url=https://vantagepointmba.com/2023/03/23/harvard-business-school-insiders-guide/]Harvard Business School – An Insider’s Guide[/url] appeared first on [url=https://vantagepointmba.com]Vantage Point MBA[/url].
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Mar 30 at 09:01am

FROM Vantage Point MBA Admissions Blog: Stanford GSB – An Insider’s Guide
For the second installment of our ‘Insider Guides’ series, we’re sharing everything you need to know about Stanford GSB. You’ve likely heard of the GSB’s reputation for helping graduates launch startups and enter the tech space, but is there a place for you if those are not your focus areas? Is the culture truly as collaborative and open as you’ve heard? As we did with Harvard Business School last week, we’ll go beyond the published facts and statistics, sharing what it’s really like to go to business school at Stanford.

Without further ado, here is our Insider’s Guide to Stanford GSB.

The Basics
With an acceptance rate just north of 6%, admission into Stanford GSB is the most competitive of all business schools (HBS’ acceptance rate is roughly 12%, for reference). The metrics of enrolled students follow suit, with the latest class having an average GMAT score of 737 (GRE of 327) and average undergraduate GPA of 3.76.

Located south of San Francisco in Palo Alto, CA, the GSB enrolls a small/medium class of ~400 students each year. Each class is diverse on a multitude of dimensions, from race, gender, and national origin to undergraduate major and pre-MBA industry (although, as we shared last week, there is data showing that these diversity statistics may be a tad misleading).

In 2019, GSB was the first business school in the world to issue a highly detailed report on diversity, equity, and inclusion. Beyond reportable statistics, the GSB’s famously open-ended essay question (‘what matters most to you and why?’) allows the admissions committee to cultivate a class with diverse perspectives and passions. So, how does that translate to the lived experience of a Stanford GSB student? Read on to find out.

Academics
The GSB’s curricular focus is on intellectual involvement, globalism, leadership, and communication development. There is also an emphasis on entrepreneurship, with entrepreneurs such as Joel Peterson (JetBlue) and John Morgridge (Cisco) on faculty. Private equity, venture capital, and entrepreneurship classes usually have the case protagonist in attendance to give the ‘real’ story.

First year is a flexible core with some electives. While you can’t test out of any core requirements, there are three tiers for students that are beginners in the topic, have some knowledge, or are at the expert level. Second year is all electives (and much better, according to students/alums in our network). There is a required international experience (trip or internship) before the beginning of second year.

There is a lottery system for all classes. It is important to know which classes are most important to you so that you can rank them correctly. Popular classes include Interpersonal Dynamics (aka Touchy-Feely), Managing Growing Enterprises or High-Performance Leadership, Start-Up Garage or Biodesign, and Corporate Financial Modeling (aka DeMarzo). There are no explicit majors.

The GSB has a strong culture of grade non-disclosure, even in competitive employment areas like consulting. You are allowed to share honor distinctions or accolades on your resume but may get dinged by a GSB alum if you include your GPA.

The grade structure is Low Pass (LP), Pass (P), High Pass (HP), and Honors (H); most students receive a P. Participation usually accounts for 20%-40% of your overall course grade and attendance is largely mandatory. Classes vary in their reliance on cold calling from none to only cold calls; when relevant, cold calls are casual (and you can “pass”).

Culture & Student Experience
The GSB culture is extremely collaborative. Students will go out of their way to help a classmate. Outright competition is downplayed, though it is there under the surface. Other commonly held values include high emotional intelligence, strong self-awareness, and a willingness to take risks.

The GSB is considered a safe zone for sharing, receiving, and processing difficult feedback. This can illuminate that thing you do that your coworkers can’t stand but have been afraid to tell you about. Maintaining this “safe zone” part of the culture is very important.

There is a big emphasis on building one GSB community. A student-initiated tradition called TALK happens twice a week where students tell their often-moving personal life stories — their family upbringing, what matters most to them and why, how they have overcome tragedies, etc.

There is a strong, diverse social scene with meetups Tuesday and Thursday and frequent dinner parties or casual barbecues. All first years can live on campus if they want to, which makes socializing easy and inclusive. Most second years live off-campus and there is a strong culture of off-campus “passdown houses” which means that homes get passed down from outgoing to rising second year students.

Extracurriculars
While most students have one primary club that they participate in or help lead, many participate in multiple clubs or types of activities – there is no single path. More popular clubs include the investing club, consulting club, and tech club. The larger clubs tend to host conferences, but not all do. Arbuckle Fellows is a large leadership and coaching program.

Every student must fulfill their global experience requirement through a Global Study Trip (GST) or a short summer internship (GMIX). GST is a theme-oriented trip to a foreign country with 20 classmates led by five second year students.

Popular events and activities that are uniquely Stanford include: View from the Top (guest speakers interviewed by current students), LPF (Friday happy hour on campus), TALK (see above), GSB Show (student production), Challenge 4 Charity (West Coast business schools come to Stanford to compete in events), and a collection of larger social events hosted by the social committee that vary each year.

Closing Thoughts
We hope this article provided insight into aspects of the Stanford GSB experience you won’t easily find on the school’s website or in the forums. Having a nuanced understanding of what makes each program unique will not only help you decide where to apply (or attend), it will also help you put your best foot forward during the admissions process. Best of luck on your journey. If we can be of assistance, reach out to request an initial consultation.

The post Stanford GSB – An Insider’s Guide appeared first on Vantage Point MBA.
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Apr 6 at 07:01am

FROM Vantage Point MBA Admissions Blog: Wharton – An Insider’s Guide
This week, we’re giving you a peak behind the curtain at Wharton! You may think of Wharton as ‘the finance school’, but that’s not all this top ranked program has to offer. It also boasts a world-renowned curriculum in areas such as Real Estate, Healthcare, Entrepreneurship, and Marketing. Curious what else might surprise you? Read on to find out.

The Basics
Located in Philadelphia, Wharton enrolls one of the largest classes of the top MBA programs each year (the last class was 877 people strong). Its class profile mirrors that of its peers on many metrics, with an average GMAT score of 733 (324 GRE) and an average undergraduate GPA of 3.6. One difference, however, is that Wharton is the only top MBA program to have reached gender parity, enrolling 50%+ women in each of the last two years.

Another difference between Wharton and its peers when it comes to the admissions process is that its invite-only interview process is the ‘[url=https://mba.wharton.upenn.edu/interview-process/]Team Based Discussion[/url]’. The ‘TBD’ is a group interview where you partner with 4-5 other applicants on a case study that is observed by and presented to adcom representatives (typically two second year students).

Additionally, beyond the standard two-year MBA, Wharton offers a number of notable specialty programs, including:

[list]
[*]Health Care Management (you must apply at the time of regular application and be in this program to take most health care management classes)[/*]
[*]3rd Semester in San Francisco (heavy focus on entrepreneurship, start up and VC space)[/*]
[*]Joint degree in International Studies, aka Lauder (24-month joint degree including language training, global immersions, and Lauder-only coursework)[/*]
[*]Joint degree in Public Policy (with the Harvard Kennedy School)[/*]
[*]Exchange program with INSEAD (spend a semester in France or Singapore, which can even be done after graduation)[/*]
[/list]
Academics
When it comes to academics, students find that Wharton has a relatively light core curriculum and eligible first year students can waive or test out of all core classes. Otherwise, the core curriculum is still relatively flexible, with only three required classes and the rest self-selected.

There are several favorite classes in the Wharton curriculum, including Management 612 (orientation class) with Professor Adam Grant, Negotiations with Professor Gus Cooney, Legal Aspects of Entrepreneurship with Professor Robert Borghese, Applied Probability Marketing Models with Professor Pete Fader, and Scaling Operating with Professor Gad Allon.

Wharton is also known for its leadership ventures through the McNulty Leadership Program. Through these expeditions students can practice teamwork in places such as Antarctica, Patagonia, and many more. The school also offers Global Modular Courses (GMCs) and Global Immersion Programs (GIPs) which students can take for school credit at locations across the globe.

There is grade non-disclosure (voted on by students every year) and recruiters asking for grades is uncommon. Grades are on an A-F scale, with mostly A/Bs due to curving. The bottom 10% of each course gets an “LT,” several of which lead to academic probation.

Participation is not a large part of grading (5–10%) for quantitative courses (FIN, ACCT), but very important (up to 50%) for others. Many electives across departments have team projects and teams are typically self-selected. Often 30–50% of your grade in elective courses is based on team project work.

Students are assigned a cohort with ~70 students and a ‘learning team’ of 5–6 people from within your cohort. You may be assigned to work with your learning team in core classes for first semester, notably a 1-week management simulation focused on team dynamics and leadership during pre-term.

Culture & Student Experience
Wharton is known for having a fun and highly collaborative culture. School policies such as grade non-disclosure and no classes on Fridays give students ample opportunity to explore their interests, whether they be academic, professional, or social. The size of the class also gives ample opportunity for everyone to find their niche while affording the opportunity to try new things.

With a large class size, it’s hard to describe a ‘typical’ student. A few things most Wharton students have in common are being outgoing, not being overly focused on grades, and a desire to travel.

Wharton has the largest alumni network of any business school. Because of the enjoyable experience most students have during their time at Wharton, alumni are generally more than happy to ‘give back’ by connecting with current students.

The Wharton campus is in West Philadelphia while nearly all MBA students live in the Rittenhouse Square area of downtown Philadelphia. Students generally walk to campus for their first class of the day and stay on campus until their last class or recruiting event. The walk to and from campus is 25-30 minutes and is a time when most students catch up with their classmates.

Extracurriculars
Almost all extracurricular events, including conferences and career treks, are led by students. There are over 110 student-run clubs, with most students being actively involved in at least a few clubs and passively involved in many more.

Due to the number of clubs, almost everyone seeking a leadership role gets one. Students can form new clubs through the Wharton Graduate Association and several new student clubs are formed every year. Popular clubs include: Wildmen Hockey Club (an ice hockey league for beginners), Whiskey Club, Boxing Club, Rugby Club, and Ski & Snowboard Club.

Every year Wharton has a number of treks including a November trip to Colombia, winter break ski trek to the alps or Japan, winter break treks led by international students to their home countries, a spring break trip to Israel, and numerous others. Wharton students love to travel.

Wharton hosts a number of highly regarded conferences including the Future of Work conference, Women in Business conference, and the Whitney M Young conference, to name a few.

Be on the lookout for timeless Wharton traditions such as weekly pub every Thursday and once a year Red & Blue Ball, Out4Biz White Party, Veterans Gala, Follies, Dance Show, Charity Fashion Show, Fight Night, and many more!

Closing Thoughts
We hope this article provided insight into aspects of the Wharton experience you won’t easily find on the school’s website or in the forums. Having a nuanced understanding of what makes each program unique will not only help you decide where to apply (or attend), it will also help you put your best foot forward during the admissions process. Best of luck on your journey. If we can be of assistance, reach out to [url=https://vantagepointmba.com/request-consultation/]request an initial consultation[/url].



The post [url=https://vantagepointmba.com/2023/04/06/wharton-insiders-guide/]Wharton – An Insider’s Guide[/url] appeared first on [url=https://vantagepointmba.com]Vantage Point MBA[/url].
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Apr 13 at 12:01pm

FROM Vantage Point MBA Admissions Blog: Kellogg – An Insider’s Guide
To continue our ‘Insider’s Guide’ series, this week we’ll turn our attention to Kellogg. You may have heard of Kellogg’s reputation as a marketing school. Yes, it has a very strong marketing department with renowned faculty members and a strong recruiting pipeline into marketing roles. However, most students at Kellogg actually aren’t focused on marketing. The faculty and alumni support are strong across all disciplines and students’ interests are very diverse.

Read on for more insights about Kellogg that you won’t readily find on the website.

The Basics
Kellogg is located 30 minutes north of downtown Chicago in Evanston. The school opened a newly constructed building in Spring 2017 that was designed to be ‘excessively public’ and foster additional collaboration. The ‘Global Hub’ hosts nearly all full time MBA classes (as well as a gym and marketplace).

In addition to the traditional two-year MBA, Kellogg offers several specialized and joint degree programs:

[list]
[*]MMM – M.S. in Design Innovation + MBA[/*]
[*]MBAi – New five-quarter tech MBA for students with a STEM undergrad and technical work experience[/*]
[*]JD/MBA – JD + MBA in three years[/*]
[*]1Y MBA – accelerated program that runs June-June targeted at those with a business undergrad[/*]
[/list]
One notable difference in Kellogg’s approach to admissions is that the school [url=https://www.kellogg.northwestern.edu/news/blog/2021/07/26/full-time-mba-interview/?_ga=2.231126879.111802111.1681408608-487193750.1680467292&_gac=1.225176296.1681408641.CjwKCAjw0N6hBhAUEiwAXab-TY5CcVGG8pSof3b3z9PpBGMTAX2x68tuUKcC2bbUFL99fUH8tQPKJhoCV-kQAvD_BwE&_gl=1%2Ahabqt6%2A_gcl_aw%2AR0NMLjE2ODE0MDg2MzguQ2p3S0NBancwTjZoQmhBVUVpd0FYYWItVFk1Q2NWR0c4cFNvZjNiM3o5UHBCR01UQVgyeDY4dHVVS2NDMmJiVUZMOTlmVUg4dFFQS0pob0NWLWtRQXZEX0J3RQ..%2A_gcl_dc%2AR0NMLjE2ODE0MDg2MzguQ2p3S0NBancwTjZoQmhBVUVpd0FYYWItVFk1Q2NWR0c4cFNvZjNiM3o5UHBCR01UQVgyeDY4dHVVS2NDMmJiVUZMOTlmVUg4dFFQS0pob0NWLWtRQXZEX0J3RQ..]interviews nearly every applicant[/url]. Interviews are conducted mainly by its vast alumni network around the world.

Academics
Kellogg’s curriculum is one of the more flexible of its peer set. The 2Y MBA includes nine core courses, but students with suitable undergrad coursework can waive select core classes and/or take an accelerated version of finance (‘Turbo Finance’). Most students begin taking electives during winter quarter of their first year. Popular electives include:

[list]
[*]Negotiations – lectures on negotiation tactics and strategy as well as multiple negotiation simulations[/*]
[*]Marketing Strategy – students work in teams on a course-long simulation accompanied by lectures with top professors[/*]
[*]Public Economics for Business Leaders – teaches the economic principles of public policy[/*]
[*]Launching and Leading Startups – survey of the entire process of launching a business, from discovery to scaling to the role of CEO[/*]
[*]New Venture Class Series – experiential series of three classes (Discovery, Development, Launch) that guides students though launching their own business[/*]
[/list]
There are three ‘types’ of classes at Kellogg in terms of teaching method: case-based classes, lecture-based classes, and experiential classes. In reality, there is some of each type of learning in pretty much all classes. There is also a team component in virtually every class. Group members’ rating of each other often factors into the participation grade. The value of participation on a grade varies class to class from 0% – 50%. Many professors will cold call.

Kellogg does disclose grades upon employer request (i.e., banking and consulting) but does not rank students.  Approximately 90%-95% of students receive either an A or B in each class. Up to three classes (excluding core classes) can be taken ‘pass/no credit’.

Culture & Student Experience
Kellogg students are friendly, positive, and humble. You often aren’t aware of classmates’ accomplishments until you’ve known them for a bit. Kellogg students are remarkably supportive of each other – you always feel like they ‘have your back’.

Kellogg’s culture is very student driven in terms of running clubs and conferences, influencing course offerings, etc. It is also very social, with lots of intramural sports and club-related events as well as small group dinners to get to know classmates in a more intimate setting.

Kellogg places students in 60–70 person, extremely diverse sections that serve as an additional network throughout the two years. There is no class on Wednesday, and this is when many club events and group meetings occur.

The vast majority of students live in Evanston, mostly in off-campus apartments. As such, a lot of socializing occurs in Evanston first year, especially during the week. People explore the city on Saturdays and generally more second year. Public transportation to the city is available 24/7 from campus.

Extracurriculars
Kellogg has the largest number of student clubs of any program, all 100% student-run. There are three types of clubs at Kellogg – Professional (ex. Consulting Club), Affinity (ex. Black Management Association), and Fun (ex. Wine Club).

Kellogg has an open club policy, meaning that any student can attend any club’s events. Being “in” a club essentially means signing up in the campus system and receiving their club email updates. It is common to be involved in 1-2 clubs in a leadership capacity. The time commitment for a leadership role varies, but ranges between 1-4 hours per week.

Popular events include:

[list]
[*]KWEST – weeklong trips for first years before pre-term that about 80% – 90% of incoming students participate in and are led by second years[/*]
[*]Ski Trip – one of the largest MBA trips with 800-900 students attending; if you aren’t a skier there are daytime activities such as poker tournaments, curling, movies and brunches[/*]
[*]Career Treks – a great way to learn more about an industry and get to see a variety of companies; past treks include Marketing and Private Equity in New York, Clean Energy and Fin Tech in San Francisco, and Media/Entertainment in Los Angeles[/*]
[*]Bollywood Bash – event organized by the India Business Club that includes a live dance performance followed by a celebration and Indian food dinner; students from all backgrounds participate[/*]
[*]Special K – student run musical and comedy performance that makes fun of the quirks of business school and Kellogg[/*]
[*]Charity Auction Ball – formal event where students and faculty donate creative items for auction (dinner at professors’ houses, cooking lessons from students, themed parties hosted by students)[/*]
[/list]
Kellogg alumni are very engaged with the student body and the culture of paying it forward extends well beyond the two years on campus. Students often share that an email to a Kellogg alum has a 100% response rate.

Closing Thoughts
We hope this article provided insight into aspects of the Kellogg experience you won’t easily find on the school’s website or in the forums. Having a nuanced understanding of what makes each program unique will not only help you decide where to apply (or attend), it will also help you put your best foot forward during the admissions process. Best of luck on your journey. If we can be of assistance, reach out to [url=https://vantagepointmba.com/request-consultation/]request an initial consultation[/url].



The post [url=https://vantagepointmba.com/2023/04/13/kellogg-insiders-guide/]Kellogg – An Insider’s Guide[/url] appeared first on [url=https://vantagepointmba.com]Vantage Point MBA[/url].
This Blog post was imported into the forum automatically. We hope you found it helpful. Please use the Kudos button if you did, or please PM/DM me if you found it disruptive and I will take care of it. -BB

_________________
Vantage Point MBA Admissions Consulting
https://vantagepointmba.com/
Your Personal MBA Application Experts
Contact us for a Free Consultation!

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