The Wharton School is considered by many to be the best business school in the world. Unlike many of its competitors in the top then, however, Wharton is one of the few business schools which has both an undergraduate and a graduate business program, essentially doubling its resources. Here are three other reasons why Wharton is so well respected…
The latest MBA rankings from The Economist are out and people are understandably freaking out about some of the odd placements that you can find in their list. Poets and Quants has already done an impeccable job running all this down, so I am not going to try to repeat all the great work John Byrne already did. But you should definitely check out the P&Q piece on it. What I want to talk about is why I am happy P&Q ran that extensive post on those rankings (rather than dismissing them) and, indeed, why I am happy these Economist rankings even exist.
Trying something new for Mondays, which is to pass along my favorite MBA resource that I found that weekend. It's a good way to start the week, a way to get great tools out into the MBA community, and, quite frankly, a good for me to remember these items myself so I can show them to future candidates and corporate clients.
Today's Resource is the Knowledge@Wharton podcast.
I just saw a whole lot of MBA essays over the past few months and now that Round 1 is (mostly) finished, I thought it would be an interesting exercise to jot down the most common mistake I saw for each of the most common essays I worked on with clients. Round 2 clients can get a leg up by simply avoiding these traps.
MIT Sloan is one of "those" schools - the ones that seem to slip into the nooks and crannies of the admissions process.
People don't talk about Sloan as much as its elite counterparts. Nobody immediately thinks about it in terms of being a top 5 program until you start digging and realize, wow, this program is insanely good. Most importantly, because of its unique end-of-October deadline and equally unique two-round admissions process, we would wager that application quality on Sloan apps is far lower than on other top programs (which is a *massive* problem if you want to be admitted there). Candidates often don't even start on their Sloan apps until after the October 3-16 gauntlet of deadlines and then they race to finish because they fear waiting until the "last" round. Indeed, since today is October 4th, it's something of a "last call" for Sloan interest. If you want to be serious about getting into MIT, you had better get started - and that includes bringing on a consultant.
How should you begin to construct your candidacy? That is, how would you begin to think about where you stack up relative to an MBA programs themes -- thus showing fit with the school. As we know, the primary place to demonstrate this fit is through a school's essay questions. I have created a simple visualization that demonstrates how you would approach aligning your background with a school's specific essays. In the following graphic, I use "Wharton" as an example. However, the "career goals", "failure" and "significant accomplishment" essays illustrated below are representative of many top MBA programs (in a not necessarily specific to Wharton.)
[caption id="attachment_186" align="alignnone" width="600" caption="MBA Program Essay Map"][/caption]
So what are you looking at above?
The schools essays are represented by the colored circles and the numbers one, two and three. for this representative school, essay number one is a career goals essay. If you move from right to left, you will see that this career goals essay should incorporate the following elements -- short and long-term goals, current and past work experiences, your values/norms/beliefs, why MBA/why this program/why now? if you continue to move from right to left, you will see the elements that make up each item. For example, your values/norms/beliefs will incorporate elements of your family, personal and academic histories. Constructing this type of map visualization for each program or essay type will definitely help you think about all the elements that make up a successful candidacy.
Please keep in mind, that the above visualization is merely an example. For example, if you are constructing a career goals essay, some schools do not want you to delve into any sort of personal leaf system or values. They simply want you to state your short and long-term goals. This is why you have to read each essay prompt very carefully. Reference the following career goals example:
Haas asks this --
What are your post-MBA short-term and long-term career goals? How do your professional experiences relate to these goals? How will an MBA from Berkeley help you achieve these specific career goals? (1000 word maximum)
Meanwhile, Wharton asks this --
What are your professional objectives? (300 words)
So what is the deal? The first thing to notice is the difference in word count, along with the relative complexity of each question. Haas wants you to delve into your background, your values/norms/beliefs and how they have taken shape at your workplace, both past and present. They also want you to sell them on your knowledge of the school in this essay. This is a lot of information from one essay. If you stop and think about it, this is why it is a 1000 word essay. I would personally suggest using 500 words of it to describe your goals, 250 words to describe how your professional experiences provide a meaningful and even personal justification for pursuing these goals, and the remaining 250 words to sell Berkeley on how you fit the program. That is, the last 250 words should be dedicated to demonstrating what you bring to the table, using the school's programs and courses as a conduit.
On the other hand, Wharton just wants you to get to the point. This is a simple exercise in stating your long and then short-term goals (or vice versa.) So it makes sense that this type of very direct question prompt would only require 300 words. You do not need to overtly sell Wharton on what you know about the school or how bad you want to go there. Keep in mind that your choice of relevant career goals covertly sells the Wharton admissions committee on whether or not you are a fit (or even have a clue as to what the school can do for you.)
Overall, this type of brainstorming and mapping should be one of the first steps you engage in as an applicant applying to business school. Your map does not have to be as complicated as the above. Maybe you write it on the back of an envelope or maybe you construct PowerPoint, nonetheless it is a very valuable exercise.
If you need help constructing your candidacy and applying to business school – either comprehensively or just stress testing your essays to make sure they hit the mark – email us at email@example.com to set up your complimentary consultation. The arms race for consulting help usually starts in April for Round 1 of the next year, but the best value is probably right now. You can get more distance from the field by doing your homework early and the quality of your preliminary work will make a huge difference when it comes time to hit submit.
The row about Wharton's new behavioral interview questions is mostly bullshit.
- Tell me about a time when you worked in a group to complete a task, which required you to consider the opinions or feelings of others.
- This is what I tell my clients.
- This is a leadership question that asks you to detail a story.
- Story answers always follow this (trademarked) format - SCARA - Situation, Complication, Actions, Results, Applicability
- Hint: Leadership action means that you are leading other people - so you are in a team - being a good team leader requires considering and reconciling opposing opinions.
- Results are both quantitative and qualitative.
- See if you can take your answer and loop it back to the school.
- If you can't answer a question like this, with 3 to 4 examples, well then, we wouldn't have applied to Wharton ...
- Describe a time when you contributed to a team that didn't have a clear or appointed leader.
- This is what I tell my clients. See the above. Just tweak to cover a power vacuum where you stepped up.
- Every decent applicant should have an answer to this for every school. Think about it, chances are that you already answered this question (correctly) in your essays. It's not rocket science.
- Explain a time when your ideas were challenged, when you had to defend your opinion and/or approach.
- This is what I tell my clients. See question number one above.
- Mix this one up and provide an outside of work example - if you have not done so already.
- How would you describe your leadership style?
- Oh snap, this is basically question number 1.
- A good answer here means providing an example. The same example you could use for question number 1 above.
- The only tweak I would make is to use a Pyramid format, instead of SCARA format above.
- How would your colleagues describe you if you left the room?
- If you were the CEO of your company what would you do differently?
- Dizzamn, questions 2 and 3 here are remarkably similar to the "new" "behavioral" Wharton question 2 above. You can't fool me Wharton.
- For question 2 here - your colleagues would describe you as a leader who steps up to fill a power vacuum. Then they would provide an example - an example very, very similar to the one you would give in question 2 above.
- For question 3 here - you would talk about stepping up as a leader to make sure there was clear organization. Then you would provide an example - an example very, very similar to the one you would give in question 2 above.
- Please give me an example in which you exemplified leadership?
- Please describe a team situation that did not work?
- Questions 4 and 5 here can be answered by the example provided in question 3 above.