Today's blog post is about negotiating your offer of admission ... except that it's not. Because "negotiation" is not what you do when it comes to securing more financial aid from a business school. The term of art for what you are going to be doing is "asking." Let us explain. Obviously, any discussion of an offer in this context automatically means we're dealing with some good news: you've been accepted.
Stanford Graduate School of Business is considered by many to be the best business school in the world, and swaps the ranking of #1 with HBS or Wharton on any given day. With over 8,000 applicants per year and only about 1/10th of that number in the student body, it’s daunting to imagine them saying yes. If you happen to have a good-but-not-great GMAT score, you may struggle with your odds of admission at all. But is it even worth applying if you have a 650 or lower?
Some people plan out their lives with robotic precision, including things such as graduate school in a pre-determined place on the schedule. Others adopt a take-life-as-it-comes approach, and place graduate school on the back burner, waiting until it feels right to go back. But is there an ideal age to apply to business school?
I have been getting a lot of emails lately that center on the same basic idea: "I got feedback directly from the admissions office and they told me X." Sometimes the feedback is ultra specific ("you should seriously consider retaking your GMAT") and other times it is extremely vague ("there were elements of your application that just weren't quite where they needed to be"), usually somewhere in between. The question is: should you put stock in what they are saying?
Despite the name “waitlist,” there are several things you can do besides simply wait for your dream school to call. From a strategic standpoint, sitting in a state of limbo gives you the opportunity to improve your profile or status as a candidate, and such improvements can and should be communicated to the admissions committees.
Going quick and nothing fancy here, just looking to get the word out on "HBS Waitlist Day" as it will likely become known in the future.
I stunning number of candidates appear to have been WL'd today, just based on what I'm seeing stream across my inbox. The biggest group looking for answers are candidates I've never heard of, who are seeking answers and asking what to do. This is when I know I have to go to the blog. Let's work through this.