30 May 2013: Harvard Business School has revolutionized the MBA Application Essays. For the Class of 2016, Entering 2014, the Essay is just one question with no word limit. YES! No word limit. This is what the Admission director had to say about word limit
“Use your own judgment as to how much to tell us. We have neither a “right answer” nor a “correct length” in mind. We will review all the elements of the written application to decide who moves forward to the interview stage of our process” Harvard MBA Class of 2016 (Entering 2014) Essay: “You’re applying to Harvard Business School. We can see your resume, school transcripts, extra-curricular activities, awards, post-MBA career goals, test scores and what your recommenders have to say about you. What else would you like us to know as we consider your candidacy?”
There will be a Post-Interview reflection session, this year too.
20 MAY 2013: Harvard Business School has announced the Deadline for 2+2 Summer Application Cycle.
Q) I got a 610 in the GMAT and I was wondering which top schools would be willing to accept a student like me. A little back ground on me. Female from India, currently residing in Boston Massachusetts I have an engineering degree with a 3.6 GPA and I have 5 years experience. Presently I am a Business Analyst and I am also involved in many community services through work.
I have taken the GMAT twice and both the times I have scored 610 despite intense preparations. I would like to go to either Tuck or Harvard mainly because I like the Case Method approach.
Please advise if I should even bother to apply to these schools if not which other schools should I be looking into?
Maxx Duffy: Let's start with the good news: You have a solid GPA in a difficult discipline and that is a plus. You also have 5 years of professional experience which means you must have a wealth of projects, achievements, and perspectives to offer in a classroom environment. I am also glad to hear that you have been active in community...
At Harvard Business School, Leadership development is an integral part of the MBA curriculum. During the first year, students are required to take two leadership courses: Leadership and Organizational Behavior (LEAD), and Leadership and Corporate Accountability.
Leadership and Organizational Behavior (LEAD)
LEAD course gives students an overview of managing the human side of a Business. Mostly it teaches students to manage Emotional Intelligence and bring positive change in the Enterprise.
Leadership and Corporate Accountability
This course utilizes HBS Cases to understand the responsibilities that today’s leaders have, and looks into the ethical, economic and legal side of a managerial decision. Leadership and Corporate Accountability also teach how to use personal values for effective leadership in companies and how to propagate these values throughout the organization including the conduct of the employees.
During the second year, students can select leadership themed electives from courses like Authentic Leadership Development, The Board of Directors and Corporate Governance, Great Business Leaders-...
Business Simulations are an extension of the traditional classroom lectures and case-study method of teaching in an MBA Program. The real value of this tool comes from testing what you have learned through these simulations.
How valuable are these simulations?
It gives students the ability to take the type of risks that normally cannot be taken in real life. By observing the consequence of these actions, students can learn about themselves and how various elements in a Business Environment influences each other. Simulations require collaboration with team members and teach students to think for the team and effectively communicate with each other. The learning experiences develop team building, leadership and problem solving skills.
The Simulation Games can be broadly categorized based on the learning function – Communication, Finance, Sustainability, Leadership & Teamwork, Marketing, Strategy, Supply Chain, Change Management, Venture Capital, Entrepreneurship, Economics and Pricing, and Statistics.
Let us look at some of the best simulation games used in top Business Schools.
The Moore School offers an International MBA aimed at creating better world leaders, international strategists and global citizens. The entire program is aligned towards the global business scenario, and the core curriculum is divided in to two parts. The first is the Global Functional Core which includes Decision Analysis, Global Economics, Global Marketing, and Global Operations. The second part is the International Business Core that includes subjects like Global Strategy, Managing the Multinational Enterprise, Comparative Institutional Systems and Rapid Ethnography principals. There are 8 concentration options including Supply Chain & Operations Management and Global Management. Language Options: Students must complete learning at least one additional language and have the option of learning as many as 4 languages. The language immersion...
Sheryl Sandberg is the Chief Operating Officer at Facebook and an HBS Alumnus (Class of 1995). She has served in the United States Department of the Treasury as its Chief of Staff. After a stint with the US govt., Sheryl joined Google and served as the Vice President of Global Online Sales and Operations, before moving to Facebook. She was invited to address the HBS class of 2012 during the Class Day Ceremony. The occasion was especially significant as it was the 50th anniversary of the class with the first women MBA. In 2012, Sheryl Sandberg was named in Time 100, an annual list of the 100 most influential people in the world.
Video Summary - Sheryl Sandberg Harvard MBA Speech
0:50 Congratulates the class of 2012
1:30 Describes the perils of being an old person in a young company like FB
1:45 How a Social Marketing class with Prof Cash 17 years ago has helped her add a feature at Facebook
3:10 Elaborates on how the internet gives ordinary people...
CommonBond, has recently announced that it will disburse $2.5 million in student loans at Wharton, benefiting as many as 50 students. What makes this significant is that the loans are funded by Wharton alumni itself. CommonBond is a startup founded by Wharton Alumni. They oversee the disbursal process. At the heart of CommonBond's effort is a philanthropic quest - a positive social change. A case in point is that for every fully-funded degree, the company will sponsor a child's education, for a year in partnership with the African School for Excellence.
The news is a boost to the nascent alumni-sourced loan industry, which seeks to ease the difficulties faced by MBA students looking for loans. Students do not have to put up with the intense scrutiny and paperwork, which they must go through otherwise. And even more significantly, the interest rates are just 6.24%, lower than the lowest Federal loan rate of 6.8%. Private loan rates go even higher, averaging around 12%. Alumni who contribute to the loan pools get returns of above 4.25% - profits with a cause attached. What's more, the risk factors are very low. The 10-year cumulative loss rate estimated for the Wharton loan pool is around 0.70%.
The Arthur Rock Center for Entrepreneurship has announced a one-time award of $10,000 to each of the 2013 graduating MBA student who is committed in starting an entrepreneurial venture. This is a need-based award and is aimed at for-profit startup ventures. The winner will be decided by the Rock Center. In addition to the award, the student will be eligible for regular MBA Financial Aid.
The award is based on the viability of the Business Idea. This will be evaluated based on a review of the business plan as well as a progress report based on funding and other key steps taken. Another criterion for evaluation is financial need. The award is not for students who are looking for employment or in volunteer positions.
The Arthur Rock Center for Entrepreneurship was started in 2003, on a $25 million gift from HBS alumni, Arthur Rock a legendary VC who invested in companies like Intel and Apple. The center runs the School’s Business Plan Contest, which gives away over $150,000 in cash, as well as, in-kind services to entrepreneurial winners. Also around $50,000 is given out each semester in the Rock Accelerator Award Program. It helps students develop their ideas in the quickest, most effective way.
Harvard Business School is one of the most sought after B-schools in the world. It is also one of the schools with the lowest acceptance rate. While IIMA in India boasts of an acceptance rate of just 0.1%, among US B-schools, HBS has the lowest acceptance rate after Stanford. The rate has historically hovered around the 10-12% mark. The class of 2014 has seen a slight increase in the acceptance to 13%, the result of a slight increase in uptake, and decrease in the number of applicants.
Note: When we mention a year, we refer to the year of graduation – The class of that year. The year of admission would be 2 years prior.
Over the past 10 years, class sizes have fluctuated from a high of 889 in 2009 to a high of 941 in 2011. The class of 2014 saw 913 students admitted. This proves that HBS will only admit students that it deems fit for HBS standards of excellence and diversity. There is no quota or target as such.
While applicants’ profile and past records are critical, class diversity is supreme. Applicants who qualify are ranked in order of how they will contribute to class diversity rather than their...
An MBA in General Management provides you with a well-rounded management education, where you cover the entire range of management functions, but specialize in ‘management.’ There are two major advantages of such a focus. One, it provides graduates with all the tools required to oversee the successful management of a company – the perfect route to reach the top of the management rung. Most CEOs tend to have majored in one of the General Management disciplines. The second advantage is that it opens up an entire range of industries and verticals as careers options, offering possibilities of career flexibility and sector switching. For MBA aspirants looking to reach the top with a wide choice of career paths, here are F1GMAT’s pick for the top five General Management MBA programs:
1. Stanford MBA
Stanford University’s 2 year Full-time MBA is the standout choice for those seeking a career in General Management. The first year of the program is divided into two core halves - General Management Perspectives and General Management Foundations. The subjects covered include Critical Analytical Thinking, Leadership Labs, Managerial Skills, Managing in the Global Context and Managing...
How should I prepare for MBA Admissions Interview? What are the skills, personalities and fit that top schools like Harvard, Stanford and Wharton are trying to figure out through the interview? Are there any additional aspect of my application that should be highlighted in the interview or consistency is the key?
In plain English, through the interview process, they want to know that you can listen, respond and connect with another human being in front of you (not everyone is good at that!). It is not just your ability to talk, but also your ability to communicate effectively face-to-face with another human being.
To do this, practice talking about your candidacy OUT LOUD. Either talking about it to someone (friend, family member, spouse, dog, cat, hamster, etc.) or to yourself (yes, it will sound strange and weird at first).
Interviews are not intellectual exercises. They are not carefully rehearsed speeches. A great interview is one where BOTH the interviewer and interviewee are fully engaged in conversation (but obviously with the interviewee doing most...
Q) The NEW Harvard MBA Application Essay requires the candidate to submit an essay, 24 hours after the Interview. Is it possible for a candidate to plan for this essay?
Alex Chu (MBA Apply): Many people will fall into this trap of trying to pre-write the essay.
DO NOT DO THIS.
That's why they are asking this essay in the first place. They want to know how you follow up based on what happened in the interview. Adcoms can sense quickly if something is pre-written: it's either too vague and generic, or it's covering material in such a decorated and stage managed way that it's obvious someone spent way too much time trying to manicure every single sentence and to contrive an example that had nothing to do with what happened in the interview.
A strong post-interview essay is one that directly responds to or is a follow up to what was discussed in the interview. And you have no real way of figuring out what that will be. Sure, you can do interview coaching (and you probably should - if not with a consultant, at least...
There are two types of MBA programs – General MBA and Specialized MBA program. If you have read F1GMAT’s article - MBA Specialize or Generalize, you will understand that the choice of General or Specialized MBA program depends on your background, career goals and practical application of the program.
MHCDS (MASTER OF HEALTH CARE DELIVERY SCIENCE) is a new Master's Program designed for clinicians, administrators, and professionals in health care and related industries. If your career goal is to develop your expertise in Health Care Industry, a Master’s program would be more appropriate for you.
With healthcare reforms, United States need professionals who can manage resources efficiently while maintaining the cost and quality of healthcare. There is a demand for specialized expertise to manage the resources in Healthcare industry. A General MBA cannot give you the focus that a Master of Health Care Delivery Service or MBA in Healthcare management can offer.