Stanford MBA Admission Blog has recently started a series revealing some of the myths about MBA Admission to Stanford GSB, and has debunked quite a large set of myths related to recommendation letter, interviews, work experience, campus visit, and essays. We have summarized the main points in this Stanford MBA Admissions FAQ article:
1) Essays & Recommendation letter > Interviews
Essays & Recommendation letter has a slight preference over interview. Remember that the interviews offer supplemental information. The main information about candidacy (motivation, interests, strengths, & weakness) is conveyed through the essays & recommendation letters.
2) Interview Invite Order – Not Significant
The order in which interview invites are sent does not reflect on the chance for admissions. It simply means the order in which the applications were reviewed.
3) Don’t Visit Campus To Increase Chance for Admissions
To convey your interest in the MBA program...
Stanford GSB has joined the group of top Business Schools that have developed its massive open online course. The first course as part of the platform is titled “The Finance of Retirement and Pensions.” Earlier, University of Pennsylvania Wharton had made available its entire Foundation Courses online, starting from the month of Sep-October.
Course Title: FINANCE OF RETIREMENT & PENSIONS
Course Duration: Eight-Weeks
Start Date: 14th October 2013
End Date: December 13, 2013
Instructor: Joshua Rauh (Professor of Finance, Stanford Graduate School of Business)
Key Learning Objectives
• Investing in stocks, bonds, or annuities
• Learn Financial Concepts for a sound retirement
• Retirement Plan Investment
• Pension Fund Management
• Understanding of diversified stocks
• Understanding of basic statistical concepts like media, standard deviations and means
• Has an understanding of concepts about probability...
Stanford MBA Essays for 2013-14 has been released. Stanford GSB is the only Business School to have given an extensive set of tips for its applicants in their essay page. We highly recommend that you visit the page – one or two times before reading the tips and strategies below. Our effort is to summarize the tips, and offer strategies that you can adopt in your essays.
In this Stanford MBA Essay Tips article, we will cover the qualities that Stanford GSB value, the strategies that will help you with a productive writing process, and tips to answer each question. The total word count should not exceed 1600 words. For 2013-14, the total number of essays required to be answered is three, that include two essays (Essay 1 and 2) about personal motivations, and one essay (essay 3 from three options) about events, circumstances, and people that have shaped your personality.
Stanford MBA Essay Questions for Class of 2016 (Entering Fall 2014)
Essay 1: What matters most to you, and why? (750 words)
Stanford Graduate School of Business has announced the Essay Questions for the Class of 2016, entering Fall 2014. An interesting point that the Adcom mentions about the word limit is that the combined word limits of Essay 1, 2 and 3 should not exceed 1600 words. This gives the applicants the flexibility to write less or more in one essay without worrying about meeting the word limit of each essay. Having said that, applicants are recommended to meet the word limits of each essay without looking too forced.
Answer essay questions 1, 2, and one of the three options for essay 3.
Essay 1: What matters most to you, and why?
The best examples of Essay 1 reflect the process of self-examination that you have undertaken to write them.
1) They give us a vivid and genuine image of who you are—and they also convey how you became the person you are.
2) They do not focus merely on what you've done or accomplished. Instead, they share with us the values, experiences, and lessons that have shaped your perspectives.
3) They are written from the heart and address not only a person, situation, or event, but also how that person, situation, or event has influenced your life.
Essay 2: What do you want to do—REALLY—and why Stanford?...
Africa is often not targeted by top Business Schools when it comes to MBA Admissions. But Stanford Graduate School of Business fellowship program, started in 2013, shows that the trend is changing. Schools have now realized that the next wave of growth will be in Africa, and the region requires trained management professionals. To meet this need, and to encourage management students to work in this region and contribute towards the economic and social development of this region, Stanford GSB has announced The Stanford Africa MBA Fellowship Program.
No of Awards: 8
Requirement: Within 2 Years of graduating from Stanford GSB, Students should work in Africa for 2 Years
For Details, visit Stanford GSB Africa Fellowship Page
With the Final Round of MBA Admission nearing, Stanford Graduate School of Business has opened registration for Campus Visits. As Stanford MBA Admission aspirants might know, the First Round of Stanford MBA Admission Deadline is in October. However, the school’s Academic Calendar does not allow Campus visit during that time.
For MBA Aspirants entering during the fall of 2014, this is your chance to register for a campus visit and learn more about the program, up close.
There are two advantages:
1) You can be at Stanford when the weather is great
2) Campus visits are ideal for your research. Here is an excerpt from the article - 3 Tips for Business School Campus Visit
“Too many people think of a campus visit as a chance to show off and impress the school. This is a poor use of your energy, for a couple of reasons. First, a campus visit is all about acquiring information – info that will help you choose your list of schools and info that will help you gain admission in the first place. You are on an investigative mission, not an audition. Second, MBA programs simply will not know whether you were amazing or an abomination. No business school has the resources to closely...
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 Tip of the Iceberg cultural team is a...
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%.
An efficient, agile and quick supply chain is a major prerequisite for any successful company today. As the world globalizes, product components are sourced from far away countries, and markets grow to encompass the world. Apple for instance sources its ARM processors in Texas, screens from Korea and assembles products in Asia, mainly China. Today, a supply chain is a complex system of technologies and processes that calculate real-time demand and responds immediately through a network of suppliers, employees and customers. While supply chains were once driven by products, they are today driven by customer demand. The best supply chains combine operational excellence and innovation.
An MBA in supply chain management uses a cross-disciplinary approach, covering Operations Management, Inventory Management, Quality Management, Supply Chain Technology Management, Logistics, Marketing, Strategy and MIS. People who wish to have a career in this field should be adept at critical thinking, analysis, management and strategy. They must be able to evaluate issues and solve them on a global scale. Strong financial, leadership and team playing skills are also vital.
Tasks involve choosing and...
Stanford MBA AdCom has debunked myths about MBA Admission, Recommendation letter and Interviews in their blog. Here is the summary:
Stanford MBA Admission Myth Debunked
1) Regular Updates: You will not receive regular updates about your MBA Application status. The statuses that would be visible to applicants are:
b) Under Review
On the day of the decision, you will receive a link to the decision letter in ApplyYourself.
2) Full Time work experience: This does not include experience during or before your undergraduate degree. Include months of experience from completing your undergraduate degree until Sep 1, 2013.
3) Campus Visit: Visiting Campus does not increase your chance of admission other than helping you with your research. There are many International students who is admitted without any campus visits (You can bookmark Stanford MBA or Business School Research pages for your Research).
Stanford MBA Recommendation Letter Myths Debunked
1) More Recommendation Letters are Not Better: Presenting your profile in required number of recommendation letters is better. More is not...
MIT Sloan and Stanford GSB are two of the top B-schools in the world. Both are next door to exceptional undergraduate programs that regularly usher in radical new technologies. Along with other schools on campus, both Sloan and GSB are well known for its world class entrepreneurial environment. Students with a tech background and an entrepreneurial attitude are naturally drawn to the schools, at times facing the dilemma of choosing one over the other. We have picked five factors for your consideration before picking on over the other. For details, download our MBA Research Guide
Stanford is in sunny California, while MIT is in the colder city of Boston. Stanford has a large campus, and is located in Palo Alto, a suburban area, with fewer transport options, and almost no other college students around except for those at Stanford. Sloan is in the city, with all major infrastructures close to the campus. The school is also next door to Harvard, and so...
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...
In 2011, 16% of the graduating MBA class at Stanford reported that they were starting entrepreneurial ventures. This is a surprisingly large number for any Business School in the world. Not for Stanford though. According to the October 2012 report by two Stanford professors, since the 1930s, Stanford entrepreneurs have founded companies that generated revenues of $2.7 trillion annually while creating 5.4 million jobs. 55% of the entrepreneurs chose Stanford because of its entrepreneurial environment.
Google, Hewlett-Packard and Cisco Systems are among the 39,900 companies that originated from Stanford. If we combine them as a country, it will be the #10 economy in the world. Some of the renowned non-profits originating from Stanford are Kiva, a microfinance organization, and The Special Olympics and Acumen Fund that assist entrepreneurs in developing economies.
While the above stats are for Stanford as a whole, MBA graduates have only benefitted from this environment...