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.
You will need compelling recommendation letters to get admission to the top most competitive business schools. If you are enrolling for an MBA, you should get reference letters from your most supportive mentors. These letters aid the application process by making you seem more human. We'll outline ten tips in this blog to assist you in getting a stellar MBA recommendation letter.
The Wharton admissions committee wants the person who knows you the best at work – usually a direct supervisor – to attest to your skills, achievements, and qualities. They need that first-person POV brought to the table. Wharton wants to get the nuanced insight and real-world examples of how you perform with others.
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.
Obviously, these are all gross estimates and generalizations, but it shakes out to about right and its easier to use 10% than “a percentage that is a LOT less than you think it is.” The bottom line is that most applicants assume a much higher level of importance, they spend far more time thinking and worrying about them, and they get far too involved in their production (the biggest issue of all). Let’s work through all three:
I tell my clients up front that they have to waive their right and that it is not really an option to not do so. Not waiving your right could tell the adcom that you don’t trust your recommenders. It could tell them that you are paranoid or overly anxious.
It could tell them that this applicant is a liability. What happens if he doesn’t get in? Is he going to go after his recommenders for throwing him under the bus? Is he going to create more headaches for all involved? Is the applicant going to create reputational risk for the school?
The adcom would rather just not deal with it.
I taught the GMAT for about 3 years. In that time, I had the pleasure of teaching over 250 students. Along the way, I also had the privilege of helping a select few craft their admissions packages. Based on my experience and in order of importance, I present the following 8 factors I consider critical to getting into a top b-school:
