On Monday, May 1, Chicago Booth stated that businessman and philanthropist Ross Stevens, Ph.D. '96, had given the school's Ph.D. program $100 million to help push the boundaries of academic business research. The program will be called the Stevens Doctoral Program to honor Stevens.
People often decide to pursue an MBA without giving it much thought, but that's not a good idea. Before you start getting ready to apply, you should really think about why you want to get the degree and make sure it's the right choice for you. Here are five indicators that can help you decide if you're ready to apply to business school or not.
Have you ever woken up from a recurring nightmare in which you had to take an exam for which you hadn't studied? No one likes the feeling of not being prepared. And this worry takes over many parts of our professional lives. No one wants to be caught off guard in front of an MBA admissions committee, a current client or boss, or even a networking event. The answer is to be confident in all of these conversations and presentations. How? Preparedness. In this blog post, we'll talk about what you should do to get ready for a variety of common career scenarios.
Becoming a great manager is essential for becoming a great leader. Good managers not only extract great output from their employees, but they also relieve the executive team of most of the day-to-day operations, allowing them to focus on more tactical challenges. Leaders develop a vision, while managers develop goals and guide their teams toward shared goals connected to that vision. This blog post will go over five strategies to becoming a successful manager.
There are a few reasons why you might want to figure out what the perfect timing to submit your MBA application is. In this blog post we will help you navigate which round you should aim to apply to. Consider your personal readiness, visit enough schools, is "early action" an option, and what about the third round?
What are the MBA application readers looking for? Get into the mind of how MBA application readers think. Avoid too much jargon. Understand how the admissions committee is constructed. Remember that you are APPLYING to attend b-school & not yet graduated. Do NOT submit the same resume you would for a job opportunity.
Not waiving your right could tell the admissions committee that you don’t trust your recommenders. It could tell them that you are paranoid or overly anxious. It opens up a pandora's box of possibilities, none of which are that great.
Finding the right fit between a school’s culture and your own personality can be tricky and is not something you can ignore if you want to be happy and maximize your potential in an MBA program.
Are you an introvert or an extrovert? Do you thrive in a competitive environment or do you prefer to operate with an “everyone wins” approach? Do you have a learning style that is energized in the classroom from lectures and discussions, or do you come alive through hands-on, experiential learning? These considerations can help you tune into the programs which will align with the way you are wired, but they don’t even begin to address all the things you should consider. Simple phase of life situations can also affect how well you will dovetail with an MBA program. For example, some programs have mostly single students, while others have a large population of married students, even many with children. Often, schools with more single students do more social events where you end up hanging out with your classmates after classes or on weekends. Does that sound appealing or like your worst nightmare? Even the average number of years of work experience at an MBA program can radically affect that school’s culture, since age is often correlated to maturity and level of seriousness.
Some schools have a similar culture, and are sometimes associated with each other, such as HBS and Darden, or Fuqua and Kellogg, but don’t think that such reputations mean these schools are exactly the same. Subtle differences can sometimes make a big difference. As an example, Chicago Booth is often compared to Wharton, but did you know that at Wharton, students are ranked? This creates a healthy competition amongst students, but could also add stress to your time there. Often, feedback from Wharton students indicates they are fairly miserable during the program, but tend to enjoy their post-MBA careers more than other program’s graduates.
Surfing a school’s website or even chatting with current or former students will only get you so far, but visiting a school, sitting in on a class and personally interviewing faculty, staff and students can reveal insights which are otherwise elusive or superficial if only viewed from the outside. You would never marry someone without dating them first, and you should be thinking of b-school in a similar way. Making the wrong decision could derail your career and seriously impact your post MBA happiness. Let us guide your school selection process—you might be surprised how much it can help.
To find out more about your options and how we can help you with your business school application, email us at mba@amerasiaconsulting.com or contact us via http://www.amerasiaconsulting.com/contact.
