This is a guest post from Yael Redelman-Sidi, an expert admissions consultant and the founder of Admit1mba. She publishes weekly MBA admissions tips and MBA essay guidance for top-30 schools globally.
Wharton MBA programhas been trying for the last three years to improve and customize its MBA interview process. The current Wharton MBA format - the Team-Based Discussion, is both quite stressful and unique in the MBA sphere.
1) Prepare a solid pitch
Wharton Admissions asks you to prepare a one-minute presentation about a topic specified in their email. Come up with some good ideas that you feel strongly about and rehearse at home. You can write down your ideas, but don't repeat exactly the same words - you don't want to sound as if you are repeating a text you have memorized.
2) Prepare a few versions of your self-presentation
While you might want to introduce yourself formally, be ready to deliver a more...
The University of Pennsylvania Wharton School will include four MBA core courses in Coursera, a non-profit online platform founded with the vision of educating millions of students. The MBA Foundation Series consists of courses in — corporate finance, marketing, operation management, and financial accounting.
This is a great opportunity for MBA Aspirants to experience what it is like to be part of a top MBA program. We expect other top Business Schools to contribute through Massive Open Online Course (MOOC) format.
Four Foundation Courses in Coursera – From Wharton Business School
An Introduction to Corporate Finance
• Analyses of Financial Decisions made by corporations • Present Value Technique • Capital Budgeting Principles • Asset valuation • The operation and efficiency of financial markets • The financial decisions of firms • Derivatives
Instructor: Franklin Allen, University of Pennsylvania
Almost all top Business Schools have cut down the number of essays and the word limit for each essay. Wharton has cut down the number of essays from three to two but the word limit remains the same – 500 words. So what has changed? Last year, the Admission committee had three questions addressing – professional goals, passion/extra-curricular and application of knowledge. This year the emphasis is on post-MBA goals (personal and professional) and contribution in Wharton MBA Class.
1. What do you aspire to achieve, personally and professionally, through the Wharton MBA? (500 words)
The first thing that bothers MBA aspirants is the word limit. Since the essay questions ask applicants to write about professional and personal aspirations, it becomes important to identify your aspirations that are relevant for MBA admissions. AdCom expects applicants to follow the word length guidelines but if it becomes impossible to answer the question comprehensively in 500 words, even after 2nd and 3rd iteration, include it in the essay. Make sure that the length does not go beyond 25-30% of the word limit suggested in the essay. The Wharton AdCom has clearly stated in their...
If you have done your basic research, you will understand Wharton’s focus when it comes to picking the best MBA candidates. They want candidates who will
Get involved with the Community Lead by Example Take Risks Inspire Others
It is difficult for you to gain Wharton MBA traits if you never really have been involved with your community, led a team or have taken risks in your career. These three qualities should be the baseline when it comes to answering your essays. The essay starts with one required question:
Q) How will the Wharton MBA help you achieve your professional objectives? (400 words)
400 words – Only One and a half page!
Use your words carefully. The first question that most MBA aspirants should ask themselves is how much of their background should be mentioned in this essay. The rule of thumbs is - only the necessary background to show that you already are in the right track in achieving your goals, but Wharton would provide the tools to achieve the professional objectives more efficiently. The answer should not give the impression that you can achieve the objectives without Wharton or that you had a tough time getting into the current position (not competitive enough for Wharton). The answer should be balanced. If you are confused,...
FOR REAPPLICANTS All reapplicants to Wharton are required to complete the Optional Essay. Please use this space to explain how you have reflected on the previous decision on your application and to discuss any updates to your candidacy (e.g., changes in your professional life, additional coursework, extracurricular/volunteer engagements). You may also use this section to address any extenuating circumstances. (250 words)
OPTIONAL Question FOR All applicants If you feel there are extenuating...
The University of Chicago Booth School of Business and The Wharton School of the University of Pennsylvania offer world’s best MBA programs. Let us compare the programs based on 9 factors: Location, Ranking, Cost, Class Profile, Curriculum, Experiential Learning, International Learning Opportunities, Post-MBA Opportunities, and Alumni Network.
Booth is located in Chicago, the third largest city in the US and home to 29 Fortune 500 companies, Federal Reserve Bank, and five major financial exchanges - Chicago Stock Exchange (CHX), the Chicago Board Options Exchange, the Chicago Mercantile Exchange, the Chicago Board of Trade, and the NYSE Arca. The City is one of the most diversified economies in US with contribution from a wide range of sectors that include Finance, Manufacturing, IT, and Health Care. Chicago is known as the global center for derivatives trading. It is also known for sustainability, hosting 23 leading Clean Tech and Wind Energy Companies. Wharton's main campus is located in Philadelphia, the second largest city in US East Coast. The city is known for healthcare and biotechnology, financial services, media,...
Learning by doing is an approach that some of the top Business Schools have adopted. Booth and Wharton have implemented them through Exchange Programs, Summer Projects, Student Club Projects, and Labs.
At Wharton, the Experiential Learning is focused on leadership development rather than individual functions. Booth on the other hand looks at experiential learning at Functional level with Lab Courses in Management, New Venture, Private Equity, Social Entrepreneurship, and Clean Tech. Both Wharton and Booth offer experiential learning opportunities through Elective Courses. Marketing Research and Consumer Behavior are two courses that involve Experiential learning at Booth.
Chicago Booth provides experiential learning through Lab Courses. The Management lab, in addition to offering opportunities in developing strategic thinking,...
Dr. Mehmet C. Oz, M.D. is a Turkish American cardiothoracic surgeon, who is also an author, and television personality. He is of Turkish descent, and completed his undergraduate degree at Harvard University. He received a joint MD and MBA from the University of Pennsylvania's The Wharton School and School of Medicine in 1986.
Oz is Columbia University's Vice-Chair and Professor of Surgery. He leads the Cardiovascular Institute and Complementary Medicine Program at the New York-Presbyterian Hospital, performing over 250 surgeries a year. He has co-authored 400+ research papers, book chapters and medical books. He has several patents. Today, he also hosts 'The Dr. Oz Show' on TV and won a Daytime Emmy Award.
Dr. Oz is also the founder and chairman of a non-profit called HealthCorps, which pays a stipend to recent graduates to spend 2 years mentoring high school students on nutrition, health and fitness.
In this video, Dr. Oz speaks to the Class of 2012 during Wharton's MBA graduation ceremony held on May 13, 2012.
Video Summary - Dr. Oz at Wharton MBA Speech
21:50 Starts with what Dr. Oz was thinking during his graduation day.
Mar 28 2013: Ankur Kumar, the Director of Admission at Wharton has announced the Interview decision dates for Round 3 applicants. It would be April 5th 2013. The Team Based Discussion and One on One Interviews will be conducted on Campus in April.
When the MBA Application Essay Questions are filled with the “Why MBA” and “Why our Business School” questions in a written format, and Interviews restricted to the standard format, there were some Business Schools that have tried to be innovative.
1) Tippie Twitter Essay – Pulling the Plug too soon?
When Tippie School of Management retired the Twitter Essay, it was not because of poor response. In fact, when the pilot was run the responses were overwhelming and this led the AdCom to make the Twitter Essay a formal part of the application.
So what went wrong?
Innovation by definition “is the use of novel ideas or methods for better results” and Tippie AdCom was innovative in their approach.
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 McCombs School of Business offers a Full-time MBA program with a concentration in Accounting. The concentration is offered by the renowned McCombs Department of Accounting. The program covers in details: Corporate financial reporting, making and analyzing corporate financial statements and financial reporting. It has 2 areas of focus - Investment Banking and Corporations. The core curriculum is the same as that of the general MBA program, covering Financial Accounting, Financial Management, Statistics, Marketing Management, Operations Management, Managerial Economics and Strategic Management. The flexible core has the option of a Responsibility and Integrity Requirement. The subjects offered as part of the concentration include Financial Accounting Standards and Analysis, Strategic Controls, Advanced...
Operations Management (OM) is the science of streamlining the design as well as management of processes, products, supply chains and services. It deals with the process of producing goods, and delivering services. OM ensures the efficient utilization of resources, be it within the organization or outside. It also delivers goods and services promptly to fulfill client needs.
What are the applications of Operations Management?
Operations Management can be applied at various levels, based on the location and size of a manufacturing plant to the structure and delivery of a service or a telecom network, and could even include designing technology supply chains. Besides the overall perspective, this management stream also deals with tactical and technical details such as plant layout, project management techniques, technology & equipment selection, and replacement of older methods or machinery. The operations management team also determines production schedules, manage inventories, control quality and manage material flow. A plant's equipment management and maintenance policies are also set by them.
What are the responsibilities of Operations Management...
Wharton’s leadership programs are practical, hands-on learning experiences. The curriculum is enhanced by experiential co-curricular activities that help students develop their own leadership style. The first step is to analyze strengths of each student, and build learning experiences that enhance them.
Wharton’s Center for Leadership and Change Management is at the heart of all the leadership development activities at Wharton. It researches and creates innovative leadership experiences to bring out inherent leadership qualities and develop new leadership skills in MBA students. The Center is run by Professor Michael Useem, a top international expert in corporate leadership and change management. The center strives to nurture leaders, who are deeply aware of themselves, and clearly understand their organizations and the community, making positive contributions towards each of them.
Here are the many leadership opportunities available to further student's leadership potential at Wharton.
Learning Team Retreat
Wharton emphasizes on teamwork and team-leading skills fully understanding that success in the Business world depends on it. The stress is...