Best MBA Programs for a Career in Venture Capital

This article is a part-of ‘MBA Careers’ Series

Best MBA programs for Accounting Best MBA programs for Architects
Best MBA programs for Banking Best MBA programs for Civil Engineers
Best MBA programs for Consulting Best MBA programs for Dentists
Best MBA programs for Energy Management Best MBA programs for Designers
Best MBA programs for Entertainment Industry Best MBA programs for Doctors
Best MBA programs for Finance Best MBA programs for Electrical Engineers
Best MBA programs for Healthcare Best MBA programs for Entrepreneurs
Best MBA programs for Healthcare Management Best MBA programs for Engineers
Best MBA programs for HR Best MBA programs for Lawyers
Best MBA programs for International Business Best MBA programs for Military Officers
Best MBA programs for Investment Banking Best MBA programs for Nurses
Best MBA programs for Marketing Best MBA programs for Physicians
Best MBA programs for Public Relations Best MBA programs for Small Business Owners
Best MBA programs for Pharmaceutical Industry Best MBA programs for Software Engineers
Best MBA programs for Private Equity Best MBA programs for Teachers
Best MBA programs for Product Management Best MBA programs for Veterans
Best MBA programs for Project Management
Best MBA programs for Real Estate
Best MBA programs for Sales
Best MBA programs for Social Entrepreneurship
Best MBA programs for Social Impact
Best MBA programs for Supply Chain Management
Best MBA programs for Sustainability
Best MBA programs for Tech
Best MBA programs for Venture Capital

Venture Capital – Best MBA Programs for a Career in Venture Capital

If you’re interested in the fast-moving world of start-up investing, you might be drawn to venture capital (VC). VCs invest in innovation, but the bulk of the work is geared towards helping companies grow/scale, which requires a touch of finance along with strong competencies in HR and talent strategy, as well as insight on the start-up’s industry, marketing, technology, M&A, etc. Here’s a quick look at what the VC placement scene looks like at the schools that report this data (note that not all schools report VC specifically): TABLE 13.1: VC PLACEMENT FOR THE CLASS OF 2020 (TOP 10 SCHOOLS BY %)
Business School

% Students

going into VC Industry

# Students

going into VC Industry

Stanford GSB 9.0% 20
Wharton (UPenn) 7.1% 44
Harvard Business School 5.0% 28
UCLA Anderson 4.3% 10
Dartmouth Tuck 4.0% 10
Yale SOM 3.4% 8
Columbia Business School 2.7% 16
Chicago Booth 2.6% 12
UT McCombs 2.3% 5
MIT Sloan 2.1% 6
Michigan Ross 1.6% 5
  You might surmise (correctly) that VC funds generally don’t directly recruit MBAs. It turns out that the VC industry is small and niche and VCs generally don’t give a ton of weight to the MBA degree. So if you want to work in VC, you’re looking at an off-campus job search, hustling, and networking while proving the value you can bring to the fund – for example:
  • You have unique core knowledge that is applicable to / make-or-break for their portfolio companies (e.g., edge computing, carbon capture, etc.). You would likely have gained this knowledge from your pre-MBA work experience or
  • Your track record shows that you can scale their portfolio companies and maximize their odds of success – experience in a GM role or in growth, talent strategy, sales, or product/market fit – expertise and credibility that you will be able to help portfolio companies
  • You bring proprietary deal flow to the VC fund. For example, you could come with a deep network of entrepreneurs, and you know that you can leverage these relationships to get the very best entrepreneurs to work with / take funding from your
  • Lastly, you could walk into a VC fund with a lot of cash that you’re ready to This is, maybe surprisingly, the most common way that most people become VCs but is obviously not accessible to the bulk of us without an inheritance or a successful past IPO.
So, to have credibility with VC funds, you’re going to want to gain the type of experience above, and an MBA alone isn’t going to get you all the way there. Our advice, then, is to think of VC as a longer-term career goal, with some shorter-term career steps and experiences that an MBA can help you achieve:
  • First, understand what you want to achieve as a What underlying problems do you want to solve, and what human beings do you want to affect with your work?
  • Next, think through what skills you currently have and what skills/experiences you need. For example, if you’re interested in food tech, you could join Kraft Heinz in a Brand Manager (GM-track) role that will teach you how to run a food business.
  • Keep in mind that you don’t need to join a VC fund to do this type of innovation-focused investment; many large companies have venture, innovation, and M&A functions where you could serve as an in-house VC.
  • As you look at schools, do research about programs like incubator programs, curricular VC internships and venture labs, startup management labs, and other opportunities that can get you some real-world experience in the VC space (for example, an internship with a local fund).
One last tip – keep an eye on emerging trends in the VC industry! VCs are slowly becoming more institutionalized, which means there may be more post-MBA opportunities in the near future. It’s also a great time for female investors and ESG (Environmental, Social, and Governance) investing – which might open up specific opportunities for folks with the right experience. Social Impact When folks imagine using their skills and career to make the world a better place, a lot of people immediately dream of a social impact job. The fascinating thing about social impact is that it’s everywhere – it’s not a particular industry, function, or role; it’s really an outcome that you can achieve in any industry. That said, when people imagine a future in social impact, there’s a set of organizations that come to mind. They think about working in impact investing or at a climate change start-up or working for a billionaire’s philanthropic foundation. These jobs are super exciting but super rare for MBAs to get. Here’s what we want to stress about wanting a career in social impact: Open your mind and heart to jobs that have a social impact and are hiding in plain sight. What impact do you want to make? How do you want to make the world a better place? And what are ALL of the avenues that you could pursue to make that impact?
  • If you want to reduce food waste, you could work in operations for a restaurant chain, a grocery store, or another company aligned with that
  • If you want to improve global well-being, you could work for a pharmaceutical company focused on developing affordable medicines for curable
  • If you care deeply about racial equality, you could make an impact in your role as a marketer for a major brand (we actually know folks who are making this type of impact at companies like Nike and LinkedIn).
All companies exist to help humans. If you want to help a lot of humans in a specific way, chances are there is a regular old for-profit business already doing that. So don’t limit yourself to only the more traditional social impact options below. All right. With that out of the way, here’s a high-level overview of what most folks consider social impact jobs:
  • Social enterprise – companies that are focused on a social mission or impact and earn revenue (e.g., B corps, TOMS)
  • Impact investing – investing with the goal of creating a measurable social or environmental impact, along with a financial return (e.g., Acumen)
  • Philanthropic foundations – organizations that fund initiatives that address social issues like public health and economic inequality (e.g., The Gates Foundation)
  • Corporate Social Responsibility (CSR) – internal roles at large companies that integrate social and environmental goals into business operations
  • Social impact consulting – the social impact practice of a large consulting firm like McKinsey, or a social impact-focused consultancy (e.g., The Bridgespan Group)
  • Public sector – working for a government organization at the federal, state, or local level (e.g., The National Park Service, which hired from 4 MBA campuses in 2020)
As mentioned, these jobs are rare – so rare, in fact, that only 4 schools report what percentage of students went into social impact: Georgetown McDonough (6.0%), Wharton (5.3%), UCLA Anderson (2.1%), and Northwestern Kellogg (0.2%). Keep in mind that these roles could span social start-ups, CSR roles, foundation roles, etc. Schools do report how many students go into nonprofits, however, so here’s that breakdown for all schools that reported students going into the field: TABLE 13.2: NONPROFIT PLACEMENT FOR THE CLASS OF 2020
Business School % Students going into Nonprofit Industry # Students going into Nonprofit Industry
Georgetown McDonough 6.0% 12
Arizona State Carey 5.0% 4
Harvard Business School 4.0% 22
UNC Kenan-Flagler 3.0% 6
Minnesota Carlson 3.0% 2
Yale SOM 2.5% 6
Rice Jones 2.1% 2
UCLA Anderson 2.1% 5
Dartmouth Tuck 2.0% 5
USC Marshall 2.0% 4
Berkeley Haas 1.9% 4
Wharton (UPenn) 1.8% 11
Columbia Business School 1.7% 10
Northwestern Kellogg 1.2% 6
Stanford GSB 1.0% 2
MIT Sloan 1.0% 3
UVA Darden 1.0% 3
Cornell Johnson 1.0% 2
UT McCombs 0.8% 2
Chicago Booth 0.7% 3
NYU Stern 0.7% 2
  And here are our tips if you’re interested in pursuing a career in social impact post-MBA:
  • Consider dual degree programs (MBA/MPH, MBA/MPP, etc.) or specialized MBA programs (e.g., healthcare management MBAs) that would benefit you in a social impact-oriented position – you’ll often find more recruiting opportunities through a dual degree program than through a traditional
  • Check out social impact resources at your target schools; see if they have a social impact office, robust social impact programming that creates networking opportunities, and initiatives like social impact scholars in residence or entrepreneurs in organizations like foundations, social enterprises, and impact investing firms usually want to hire people who have some prior experience in specific roles (program management, investment management, ) or domains (public health, microfinance, etc.). If you don’t have this experience in your career so far, you can get it through a dual degree or even your prior volunteer experience.
  • Be prepared for an off-campus, networked job search – these organizations rarely recruit on campus, and even larger companies don’t recruit for CSR jobs on campus, so you want to leverage your school’s social impact programming and alumni base to develop relationships with employees at the organizations you’re interested
  • Consider developing best-in-class functional experience, then bringing that skillset into the social impact or nonprofit world to support your You could work in investment banking, then pivot into a finance role at the Clinton Foundation or the World Bank.

MBA Spotlight : Brand Management

0
Brand Management : A Quick Introduction When people talk about post-MBA jobs in marketing, they’re generally talking about brand management (or, more recently, PMM jobs in tech – see the previous section for more info). We’re going to focus on brand management roles at consumer packaged goods (CPG) companies, which are the classic post-MBA marketing jobs.   So, let’s break down what CPG companies do! Essentially, they manufacture products that we as consumers use every day. Think of the products that you go to the grocery store to pick up; the products in the center aisles, fridges, and freezers are more than likely produced by CPG companies. Here’s a sampling of CPG products:
  • Food and beverage: soda, ice cream, coffee, cereal, granola bars, condiments,
  • Personal care: deodorant, cosmetics, toothpaste, shampoo, razors, skincare,
  • Cleaning products: bleach, laundry detergent, trash bags, sponges,
  • Pet care: pet food, cat litter,
  • CPG companies also make products in other categories, like over-the-counter meds
  Brand managers act as the CEOs for individual brands. They monitor the financial health of the brand, set pricing and branding strategy, work with agencies to create   ad campaigns, oversee retailer relationships, work with R&D to develop innovation for the evolution of future products, and are ultimately accountable for the success of their brand. It’s a role with a ton of ownership, scope, and autonomy.   In the long term, going into brand management could give you a solid foundation for future general management-type roles (with an eventual path to CEO) or marketing roles in other industries (with a path to CMO).     Typical Post-MBA Roles MBA grads are generally hired into Associate Brand Manager (ABM) roles. Depending on the company, you could rotate through a few different specialties, such as communications, innovation, and performance; or you might focus on one of them. On a day-to-day basis, as an ABM you’d work with a broad group of cross-functional stakeholders (often senior folks) to do things like: analyze sales data, forecast demand, write briefs for advertising, talk to retail teams, prototype product innovations, manage projects, and support the annual planning process.   It’s worth noting that most CPG companies only make full-time job offers to their summer interns. So if you’re interested in brand management, it’s to your benefit to pursue internship recruiting during your first year and see how it goes.   Draws and Drawbacks   So, what do we love about brand management?
  • You learn a ton! You reinforce core business skills like accounting, finance, ops, and strategy (ooh, breadth!) and become an expert in your product/category and the dynamics of that industry (ooh, depth!)
  • You get experience across the whole marketing funnel, from conception to product delivery, getting products into retailers, and convincing consumers to make the purchase at the shelf – which will serve you well in future marketing roles
  • You have ownership and accountability right away, even as an ABM – you can see how your projects and decisions actually affect your brand’s P&L
  • In CPG, the brand team is at the nexus of decision-making (unlike marketing roles in other industries), which is why there’s so much learning and accountability in this role
  And what are some potential dealbreakers?
  • Brand management can have a slower promotion timeline than other post- MBA jobs (~3 years ~2 years post-MBA), and there can be a bottleneck for promotions because the person in the role above you needs to leave or move up to create space
  • Unfortunately, ABMs generally don’t make as much as some other post-MBA jobs (especially consulting or banking)
  • Finding the right exit opportunity can sometimes have additional challenges, like marketing roles with less accountability or scope, or employers not understanding that brand management is a GM role (not a marketing communications role)
  • If your brand’s category has really low margins, there will be pressure to find savings or efficiencies from your budget or even from perks like expensed lunches or travel
  Top Schools for Brand Management In terms of reputation, the top schools for brand management are Wharton, Northwestern Kellogg, Duke Fuqua, Michigan Ross, and Columbia (especially for New York-based companies. Let’s see how this plays out in the data): SCHOOLS SENDING THE MOST STUDENTS INTO Brand Management     We see our list of reputed top schools represented really well on the list of schools that send the highest number of students to CPG companies, along with some other schools like Chicago Booth and NYU Stern. On our list of schools that send the highest percentage of students to CPG companies, our friends at Minnesota Carlson, Indiana Kelley, and Cornell Johnson likely have regional ties to CPG companies in the Midwest and New York that students benefit from.     Top Employers in Brand Management Here’s a quick guide to some top employers in CPG / brand management and the schools that they hire MBAs from:   GM focus / CEO track
  • Note: The perception of prestige for these companies is based on company size (revenues), not quality of company or product – these are all fantastic companies!
  • The top tier of CPG companies are mainstays like Procter & Gamble, General Mills, Kraft Heinz, and Unilever (which does limited full-time MBA recruiting)
  • Other great CPG companies include Nestlé, Colgate Palmolive, S.C. Johnson, Mars, Johnson & Johnson, L’Oréal, Kellogg, Clorox, and Starbucks’ CPG arm (which is owned by Nestlé)
  Marketing focus / CMO track
  • These companies spend a lot on advertising, and their focus is building a more brand strategy and creative / communications-focused marketer
  • PepsiCo, Coca-Cola, Anheuser-Busch InBev, and Diageo are some of the companies that fall into this flavor of CPG company
  TABLE 12.1: TOP CPG HIRERS (CLASS OF 2020) 
Firm Name # of Top 30 Schools Firm hired from % of Top CPG Schools Firm hired from
Johnson & Johnson 18 66.7%
PepsiCo 15 50.0%
Procter & Gamble 14 58.3%
Anheuser-Busch InBev 11 33.3%
Nestle 8 33.3%
General Mills 8 25.0%
Clorox 7 33.3%
Kraft Heinz Company 7 25.0%
Estee Lauder Companies 5 25.0%
Coca-Cola Company, The 5 –
Starbucks 4 16.7%
Shiseido 4 16.7%
Mars 4 16.7%
Tyson Foods 3 25.0%
SC Johnson 3 16.7%
E. & J. Gallo Winery 3 8.3%
Colgate-Palmolive 3 8.3%
Ocean Spray 3 8.3%
Mondelez International 3 8.3%
Hershey Company, The 3 –
Wonderful Company, The 2 8.3%
ConAgra Brands 2 8.3%
Beam Suntory Inc. 1 8.3%
Church & Dwight 1 8.3%
Clif Bar 1 –
Diageo 1 –
Unilever 1 –
  Note: Top Schools include Kellogg, Ross, Cornell, Booth, Stern, Fuqua, McCombs, HBS, Marshall, Kelley, Carlson, and Foster   If you’re intrigued by the idea of working for a smaller company, take a look through the shelves of your local grocery store or Target and see what products you’re passionate about. Keep in mind that a lot of smaller brands have been bought up by larger firms – for example, KIND bars are part of Kellogg and Shea Moisture was bought by Unilever. There has also been an increase in D2C (direct to consumer) CPG companies/start-ups that could be interesting to explore, like Honest, Casper, and Brooklinen – just keep in mind that since these companies are structured differently from traditional (large) CPG companies, the roles they have might differ (for example, instead of a Brand Manager role, you might be looking at a Product Manager role that is responsible for the P&L of a set of products). It goes without saying that these start-ups probably don’t recruit on campus, and you’d need to do a networked search to find a position with them.

Industry Spotlight for MBA: Tech

0
A Quick Introduction Tech has become a super popular industry for MBAs to go into, and the most popular tech companies (not surprisingly) are names that you recognize as a consumer – Google, Apple, Microsoft, Facebook, and the like. Generally speaking, folks tend to gravitate towards software companies, SaaS companies, and social media, and not so much towards hardware. The most common roles for MBA grads are Product Manager (PM) and Product Marketing Manager (PMM) roles, which is what we’re going to focus on in this section. Keep in mind that there are other roles in tech that are popular as well, such as:
  • Strategy & Operations or Business Operations, especially for ex-consultants
  • Corporate Development or Business Development, especially for folks coming from finance
If you’re interested in tech, do your research and see what the best-fit job is for you – it doesn’t have to be as a PM or PMM! PM: Role Description, Draws, and Drawbacks First, a quick note: Every company has its own take on what the scope and responsibilities of the PM role are, so make sure to talk to the companies you’re interested in to learn about whether their PM role fits what you’re looking for. At a high level, PMs identify and understand customers’ needs and pain points and work with designers and engineers to figure out how to address them. The PM figures out what the team’s working on for target customers, and are accountable for the process and results as the designers and engineers work out how to deliver. PMs write feature requirements, develop the customer experience with designers, and research and scope out the technical pieces with engineers to bring the feature to life. The life of a PM requires ruthless and transparent prioritization of what to tackle first and why, as well as managing cross-functional partners. The bigger the company you work for, the narrower your scope will be as a PM. For example, at a startup, you might own the customer experience for a part of the marketing funnel (like onboarding and training to use the product). But at a bigger company like Facebook, you might own just a feature or element of a product – for example, video upload and sharing on the newsfeed. Regardless, you’ll most likely be one of the multiple PMs working on a given product. Your goals as a PM will also vary depending on the lifecycle/maturity of the product you own. If you’re working on a new product, you’ll be guiding how the features come together; for a product that has already been launched, you’ll be optimizing the customer experience and coming up with new experiences to grow the product. So, what are we loving about the PM role?
  • You have a ton of ownership and influence over the customer experience; it’s
the closest you can be to shaping a product without actually writing code
  • It’s a good balance of strategy and execution – shaping the direction of the product based on customer needs and working closely with the team actually building it
  • The job feels very tangible; it’s fulfilling to see things come to life so quickly because you’re working in sprints with your software developers
  • You learn a ton and get to work your creative problem-solving skills, because you need to get into the weeds of how the technology works to deliver the customer experience and support your designers and engineers as they develop features
And what are some potential PM-related dealbreakers?
  • You need a thick skin as a PM; if things go well, the credit goes to your team of designers and engineers (yay team!), and if things go poorly, it’s on you because of your direction
  • If you’re not someone who likes to get deep into the details, this role might not be a good fit – you have to balance a high-level strategic view with understanding the tech
  • PMs are tasked with making trade-offs and ruthlessly prioritizing; this means that it’s impossible to make all of your stakeholders happy, which can be frustrating
Looking ahead, the career path for PM can be to continue getting promoted to more and more senior Product Management roles. As you climb the ladder, your scope will increase over time until you oversee an entire product or even a portfolio of products, with a team of PMs underneath you. Alternatively, you could make a horizontal move into more of a General Manager role, where you would be accountable for the product’s strategy and results in a more holistic way (including interfacing with marketing, which we’ll talk about next!).   PMM: Role Description, Draws, and Drawbacks Another quick disclaimer: As with the PM role, the scope and responsibilities of PMMs vary by company. Make sure to do your research! PMMs are traditionally responsible for the overall marketing strategy for their feature or product – they identify which customers are most important to focus on, work with the PM to identify top pain points and improve the customer experience, then guide the creation and release of marketing materials across various channels. At some companies, PMMs are responsible for a specific channel or form of communication, like user trainings and articles. On a more tactical level, PMMs identify which customer segments create the biggest business opportunity (with solvable pain points), develop a story about the features the product team is working on, and shape that story with the team managing each marketing channel, to reach customers and increase adoption. Here are reasons why a PMM role might appeal to you:
  • Your job is to represent the voice of the customer and understand what they care the most about; you also describe the product and features in a way that makes sense to customers, so if you like communication and customers, this might be the role for you!
  • At some companies, marketing holds responsibility for the P&L, which makes PMMs mini-CMOs for their business – you make sure you can hit your numbers but also get a balance of creative work and communications
  • You may get the opportunity to market partnerships to customers, which can give you some fun variety, the opportunity to be creative in a different way, and the chance to market to a different customer segment about the product
And what are some potential drawbacks?
  • For smaller companies or newer products, your job will lean towards customer acquisition, which can be more of a grind and more operational than roles focused on other parts of the customer lifecycle, where you can be more strategic and innovative
  • If marketing owns the P&L, it can be a grind to optimize marketing spend, especially if there are macro factors affecting your results that are out of your control
  • Companies can’t flood all their marketing channels with messaging for all products, so it can be challenging to prioritize which products are emphasized on which channels
Top Schools for Tech The conventional wisdom is that schools near tech companies (so, in the Bay Area and Seattle) are generally the best for going into tech – think Stanford, Berkeley Haas, and Washington Foster. Berkeley Haas and MIT Sloan also have reputations for being good for start-up recruiting, but as you can see below, many top schools place a healthy number of MBAs into tech, which is great news! FIGURES 11.1 & 11.2: SCHOOLS SENDING THE MOST STUDENTS INTO TECH Top Employers in Tech Here’s a quick overview of top employers in tech (remember, there’s a strong bias towards software for folks coming from MBA programs):
  • “FAANG” – Facebook, Apple, Amazon, Netflix, Google
    • FAANG is considered the top tier of tech employers, both in and out of business school. And except for Netflix, these companies recruit a ton of MBAs!
    • Each company has a reputation for what roles they generally hire for; for example, Facebook recruits a lot of PMMs, Apple tends to recruit more for typical corporate functions like operations, and Amazon recruits a ton for a variety of roles, including product and category managers
    • Be sure to get to know the companies you’re interested to find out what roles they typically hire for and what types of backgrounds they’re looking for
  • Other major tech companies – Microsoft, Adobe, Salesforce, LinkedIn, Intuit,
    • Like the FAANG companies, these companies will focus recruiting on slightly different roles; be sure to network and do informational interviews with current students to understand what opportunities exist!
  • Non-FAANG former start-ups – Venmo, Slack, Snap, Uber, Lyft,
These companies don’t recruit a ton of MBAs but may do more and more MBA hiring over time, as they continue to grow and scale  
  • Start-ups – There are always fresh start-ups willing to hire MBAs for internships or full-time positions; just keep in mind that these are generally off-campus searches that have a different timeline and will require you to network
Take a look at which tech companies hire MBAs from the most campuses:   TABLE 11.1: TOP TECH HIRERS (CLASS OF 2020)

Firm Name

# of Top 30 Schools Firm hired from % of Top Tech Schools Firm hired from

Google

26

68.8%

Amazon 26 62.5%
Microsoft 22 62.5%
Apple 19 56.3%
Adobe 18 56.3%
Cisco 15 56.3%
Facebook 15 37.5%
Dell 13 37.5%
IBM 12 31.3%
VMWare 11 31.3%
Salesforce 9 25.0%
DiDi 8 18.8%
Hewlett-Packard (HP) 8 18.8%
DoorDash 7 25.0%
Western Digital 7 12.5%
Intel 7 12.5%
Tencent 7 6.3%
TikTok 7 6.3%
Snap Inc 6 12.5%
Fiserv 6 12.5%
LinkedIn 6 12.5%

Autodesk

6

12.5%

PayPal 6 6.3%
SAP 5 25.0%
Twitter 5 6.3%
Intuit 4 12.5%
Uber 4 6.3%

Samsung Global Strategy Group

4

–

Nvidia 4

–

  Note: Top Schools include Foster, Haas, Scheller, Anderson, McCombs, Tepper, Stanford, Kellogg, Marshall, Fuqua, HBS, Wharton, Columbia, Ross, Sloan, Booth

Industry Spotlight: Consulting

A Quick Introduction Ah, consulting. It’s the most popular industry and function for MBA grads, and also a job that’s for some reason hard to explain to your family and friends. So what is consulting, exactly? Consulting is a client service industry. Clients hire teams of consultants as external advisors, like outsourced brains to crack specific problems or issues. You could work at a consulting firm, or as an internal consultant within another industry. Consultants can work on projects in a huge range of functions and industries, so as you explore target companies, you’ll want to look into the industries they serve and their capabilities:
  • Some sample industries: healthcare, tech and media, manufacturing, consumer goods, retail, government, financial services, utilities, energy, automotive, hospitality, and more.
  • Some sample functions: strategy, operations, transformation, organizational design, pricing, corporate finance, digital, marketing, sales, and more.
  Typical Post-MBA Roles As an MBA graduate going into consulting, you will almost certainly be an individual contributor. The post-MBA job title varies by firm (for McKinsey, it’s an Associate; for Bain and BCG, it’s a Consultant), and the firms themselves are different, but the job is basically the same. As a Consultant, you’ll conduct analysis and work with clients and your team to generate recommendations for your client. You’ll gather data (from industry databases, client data, expert interviews, analyst reports, etc.), analyze it to come up with conclusions about the issue at hand, meet with clients to get their perspective, develop recommendations for your client, and draft materials to communicate it all (usually a PowerPoint deck). Folks generally picture consultants doing strategy work, but since it’s such a broad gig, you might be doing other things, like implementing software, creating training, developing new operating models, or recommending org changes. The same basic process and skills apply, but your data might look different (more qualitative), and you’ll work even closer with clients. Depending on the firm, you might join as a generalist (which means you can work for a variety of client types and functions), or as a specialist (in which case you’ll be expected to work primarily in your area of expertise, like digital, marketing, or analytics).   Draws and Drawbacks So, why should you consider consulting? We covered a bit of this in the Industry and Function section, but here’s a recap and a little more color:
  • Consulting pays some of the highest post-MBA salaries and is a prestigious post-MBA job with strong employer brands
  • You learn a ton, get senior client exposure, and get a wide variety of skills – quantitative skills, stakeholder management, project management, communication, and influence
  • At most of the top-tier firms, consultants start as generalists, meaning you can work on projects in different industries and functions to explore your interests
  • You can exit from consulting into a variety of industries and roles, so you have time to explore what you’re interested in while gaining skills and paying down student loans
  And what are some potential drawbacks?
  • The cost of the hyper-speed learning you get in consulting is working a lot of hours, easily 60+ hours a week on a regular basis (higher-tier firms tend to work longer hours)
  • There’s pressure to perform, since many consulting firms have an “up or out” policy – if you aren’t promoted within a specific window, you are “counseled” out of the firm
  • The need to just give your answer or implement an answer, but not both. The most common career complaints of former consultants are that they never got to “own anything” from start to finish, never got to build a long-standing team, and couldn’t measure their impact in any concrete way
  • People sometimes overestimate the breadth of exit opportunities from consulting (keep in mind that the most common exits are in Strategy, Finance, M&A, and Operations)
  Top Schools for Consulting Let’s peek at the data! Here are the top programs for consulting, based on % of students and # of students who go into the consulting industry:  

FIGURES 10.1 & 10.2:

SCHOOLS SENDING THE MOST STUDENTS INTO CONSULTING   You’ll note that most of the schools that send the highest number of students into consulting are M7 schools with high GMAT scores. It’s true that M7 schools are huge feeder schools (“target” schools) for top-tier consulting firms – but we also want to highlight that there are opportunities at other schools for consulting recruiting. The catch is that top-tier consulting firms may put less emphasis on on-campus recruiting at lower-ranked schools, so you may need to put more effort into recruiting if you aren’t at a “target” school. If you’re looking at schools with an average GMAT in the 650-689 range, check out CMU Tepper and Emory Goizueta (listed above), along with Indiana Kelley and Vanderbilt Owen. These schools each send over 20% of their student bodies into consulting, with salaries comparable to the top schools (gotta love wage standardization!): TOP SCHOOLS FOR CONSULTING, AVERAGE GMAT IN 650-698 RANGE Top Employers in Consulting Here’s a quick overview of the types of consulting firms that recruit MBAs:
  • “MBB” – McKinsey, Boston Consulting Group (BCG), and Bain
    • These are the most prestigious strategy consulting firms; when people talk about consulting at business school, they are usually referring to MBB
  • Big 4 and friends – Deloitte, EY, PwC, KPMG, Accenture,
    • Deloitte, EY, PwC, and KPMG are “Big 4” accounting firms that have, over time, diversified their offerings and specializations; in terms of post-MBA consulting, these firms do a mix of implementation, audit, and strategy work
    • Some of these firms’ strategy arms have specific names, usually because they acquired a smaller strategy practice (Deloitte Strategy & Operations – Monitor, EY – Parthenon, PwC – Strategy&)
  • Smaller strategy firms – g., Oliver Wyman, Roland Berger, L.E.K Consulting, etc.
    • These firms are smaller than MBB and also provide a great learning environment; they might have more presence in certain regions, industries, and/or functions
  • Boutique and specialist firms (which may recruit less on campus)
    • Boutique industry-focused firms: These firms specialize in certain industries; for example, ZS Associates and Chartis Group are known for their work in healthcare
  • Social impact firms: Most larger consulting firms have social impact practices, but firms like Bridgespan are solely dedicated to NGOs, nonprofits, investors,
  • Design and innovation firms: Firms like IDEO bring together interdisciplinary work to design new products and experiences for clients
  Here is a snapshot of some of the biggest consulting employers across all of the Top 30 US schools, including the % of the Top Schools listed above that these companies hired from: TABLE 10.1: TOP CONSULTING HIRERS (CLASS OF 2020)  
Firm Name Firm Type # of Top 30 Schools Firm hired from % of Top Consulting Schools Firm hired from
Deloitte Big 4 and Friends 28 100.0%
Boston Consulting Group (BCG) Strategy 25 100.0%
McKinsey & Company Strategy 21 92.9%
Bain & Company Strategy 21 92.9%
EY Parthenon Strategy 17 78.6%
PwC Big 4 and Friends 16 50.0%
EY (Ernst & Young) Big 4 and Friends 16 50.0%
Kearney Strategy 13 78.6%
L.E.K. Consulting Strategy 13 64.3%
KPMG Big 4 and Friends 13 42.9%
PwC Strategy& Strategy 11 57.1%
Accenture Big 4 and Friends (Technology, Operations) 10 21.4%
ZS Associates Strategy (known for healthcare) 10 50.0%
Analysis Group Strategy, Economics 9 42.9%
Alvarez & Marsal Turnaround & Performance Improvement 8 28.6%
AlixPartners Turnaround & Restructuring 9 42.9%
Chartis Group Healthcare (analytics, advisory) 8 35.7%
Tata Consultancy Services IT 6 28.6%
Cognizant Digital, IT, Outsourcing 6 21.4%
West Monroe Partners Business and Technology 6 21.4%
Oliver Wyman Strategy, Operations, Risk 6 35.7%
Gartner Research and Advisory 6 21.4%
Capgemini IT, Digital Transformation 4 7.1%
IDEO Design Consulting 4 21.4%
Accenture Strategy Strategy 4 21.4%
Guidehouse Technology, Risk 3 21.4%
Innosight Innovation 2 14.3%
IQVIA Healthcare / Pharma 2 –
Cornerstone Research Economics, Finance 2 7.1%
The Bridgespan Group Nonprofit 2 –
  Note: Top Schools include Booth, Tepper, Columbia, Tuck, Fuqua, Goizueta, McDonough, Harvard, Ross, Sloan, Kellogg, Darden, Wharton, and Yale  

What’s the Best MBA Program for Your Career?

Alright. Now I’m gonna address the first question everyone googles when they start to get serious about an MBA. “What’s the Best MBA Program?” The short answer is: it depends. Ha! On what? On you. Your goals. Your needs. And your constraints.   There is no one best school for everyone no matter what the rankings try to claim.   The rankings don’t even agree on who’s the best!! Each publication has its own methodology and algorithm to determine which schools come out on top:    
  1. Financial Times
ranks INSEAD #1 and Booth as the top American MBA program at #3
  1. The Economist
ranks IESE #1 and Ross as the top American MBA program at #3
  1. Forbes ranks Booth #1
  2. US News ranks Stanford GSB #1
  3. Poets & Quants ranks Stanford GSB #1
  4. Bloomberg Businessweek ranks Stanford GSB #1
  And that’s just the 2021 rankings. Look back at last year’s rankings, and you’ll see an entirely different school list. Maybe Bloomberg Businessweek gives schools the most points in the ranking equation for, say, highest average GMAT score at the school.   (We actually don’t know how they rank schools – even rankings that publish their criteria and weighting do not publish granular data on individual schools, so it’s hard to make real sense of the rankings. Especially when weird things sometimes happen, like when NYU dropped 10 ranks for missing a single data point – number of students submitting GMAT scores – on the 300-question submission form. Or when over 40 well-regarded schools declined to participate in The Economist’s 2021 MBA rankings.)   But think about it. Do you personally really care how high your classmates’ GMATs are? Heck no! In fact, if someone came up to you and introduced himself and said: “Hi, I’m George. I got a 740 on my GMAT.” You’d probably immediately cross him off your “potential new friends” list and politely skirt across the room.   The things that matter to you specifically aren’t the same things that matter to ranking agencies. The thing that matters to them is clicks and ad revenue. You’d be wise to remember that.   So, if you’re about to spend $200,000 on this investment and give up two years of salary and work experience to better yourself, you’d better figure out which program is going to better YOU the most! And that school won’t be the same school for you as it is for someone else.  

The MBA is personal.

So to make a good choice you need to do three things:   Step 1: Understand yourself and what you really need from your MBA. Step 2: Understand how competitive you are at the various programs. Step 3: Understand what the schools actually offer.   If you take the intersection of those three things, you’ll be able to create your own personal MBA ranking and target the schools that are truly best for YOU.     This eBook is a deep dive into Step 3. We’re going to give you new and exciting information about what schools actually offer, so you can compare apples to apples. This data has never been compiled or analyzed like this before.   If you need help figuring out Step 1, please read our article about Personal Statements. If you need help with Step 2, figuring out your own competitiveness, schedule a free MBA Strategy Session with us. Let’s get to it!   A Useful Framework for Choosing the Best MBA Program for Your Career When you’re deciding which MBA to invest in and where to spend the next two years of your life, it’s a pretty complicated calculus. And for you, there are probably several factors that matter a TON that couldn’t even enter into the rankings. Things like school values, cultural feel, and how much you like your future classmates.   To make it easier for you to do a holistic assessment of top programs and which is the best MBA program for you, we’ve got a handy 10-question framework to guide your research.  

The People and The Place

   
  1. Did you feel a great connection with students and future classmates? Could you picture yourself forging lifelong collaborations and friendships with these people?
  2. Did you like the feeling of the campus and the student living situation? Could you see yourself there for two years?
  3. Did the school’s values seem to resonate with yours? Do people really support each other? Do they have fun together? Is there a commitment to doing good in the world that aligns with your own beliefs?
 

Your Career Plans

   
  1. How confident are you that career services will provide all the support you need for your career due diligence, job search, and candidate prep process?
  2. Do the kinds of companies you’re interested in hire on campus for the kinds
of jobs you really want in the geography you want to end up in post-MBA?
  1. If you will need to conduct a substantial off-campus job search, are you
confident you’ll have the support and resources you need from the school?   Your Personal Growth    
  1. Do you like the school’s approach to pedagogy, curriculum flexibility, course content, professor excellence, and co-curricular opportunities? Do you feel you will learn well and learn a lot in this environment?
  2. What does the alum situation look like? Will people stay in touch and support you avidly as you advance? Is this a community that will continue to pay dividends throughout the rest of your career?
 

What Happens Once You Are Admitted (Use this if you get into more than one school)

 
  1. Which school seems to be more interested in YOU? Who is trying harder to woo you?
  2. Which school is going to be the most affordable altogether (be sure to include tuition, scholarships, financial aid, and expected living expenses at both schools)?
  If you want to download a pretty version of this framework so you can print it out and use it to keep score, you can download our Best MBA Framework here.   For the rest of this eBook, we’re going to dive deep into data that will help you answer question 5: What kinds of companies recruit at your favorite schools? But first…   Let’s get serious about your career   Before you start your MBA applications, before you can choose the right schools for you, and before you even decide once and for all if you WANT or NEED an MBA, you need a Career Game Plan.   Imagine you’re about to buy a very, very expensive train ticket (cough, MBA, cough cough). You walk up to the window and say: Can I please have a ticket for a train?   The sales lady is gonna ask you where you want to go before she can sell you a ticket, right?   This is what the admissions committee is doing when they ask you to tell them your career plans. And they all do, whether in the essays, short answers, interviews, or all of the above. ALL schools need to know your goals and plans for the future before they can decide to admit you.   If you don’t have a Career Game Plan, you’re trying to buy a ticket to nowhere. If you come to the MBA ticket window without a destination in mind, they’re gonna save you the money and reject you.   Think of the MBA as a long scenic train ride. The ride might be nice, but the whole point of it is ultimately to get you where you want to go!! The worst-case scenario is a scenic train ride that drops you off right where you started.   Believe it or not, this happens to thousands of MBAs every year. Because they don’t prepare properly for MBA recruiting, they end up in the job of least resistance, which is one very similar to the one they had before – the one they were trying to pivot away from!   If you want to use the MBA to GET somewhere (and we know you do!!!) then you need a Career Game Plan.  

A good Career Game Plan has three parts:

   
  1. Your long-term vision (the inspiring purpose that is pulling you forward)
  2. Your medium-term strategy (the immediate internship and post-MBA role you will target), and
  3. Your short-term tactics (the actions you will take to prepare for, earn, and succeed in that medium-term role).
  You need to have all three components to have an effective plan. And, you’ll need to have this before you even start your applications!! Why? Because over and over again, you’re going to be asked about your plan. It should influence your school choice, it’s what you’ll write about in your Personal Statements, and you’ll almost always be asked about your goals during interviews.   If you want to read more about building a Career Game Plan, read our article on Personal Statements. But for now, let’s reduce the game plan to your goals, needs and constraints.   4.    Goals, Needs, Constraints   Let’s define these terms simply:  

Goals: The objects of your ambition or effort; aims or desired results

  In other words, your goals are the results you want to achieve in your career through the MBA. You could go nuts with this idea and make a bucket list of accomplishments to check off as you go through the rest of your work life.   But for our purposes, let’s keep goals simple. You need one goal: What is the next big professional position you want that requires a big change?   For over 70% of MBA applicants, this question boils down simply to: what full time job do you want when you graduate from business school?   But for some people, the next big change isn’t the first step post-MBA. If you plan to go back to your current company, for example, your big change isn’t the next job. It’s another step maybe a few years down the line, when you will pivot into a much higher-level leadership role, or leave the company to start your own business.   You need a hypothetical target. You can always change your mind, but you can’t have a plan without an aim and you can’t buy a train ticket without a destination in mind. So whatever your current situation, figure out what the next big change is and what you want the outcome to be.  

Needs: Stuff that is essential or very important, rather than just desirable

  Your needs are defined by the distance between your current position and your goals. In other words, what steps must you take to get from here to there?   Let’s take the example of an accountant who wants to switch into marketing. If you’ve been an accountant for 4 or 5 years, you’re well-acquainted with data analysis, data-driven decision making, and likely some project and team management too. These skills will come in very handy for a marketing role in a Consumer Packaged Goods (CPG) company. But there’s a lot more you will need to make this major transition.   Here are some skills and experiences that marketing requires, which you might not yet have acquired or at least might not yet have demonstrated through your job:  
  • A certain kind of creative thinking ability
  • Consumer focus
  • The ability to navigate consumer behavior and psychology
  • Collaboration across multiple functions
  • Understanding of good marketing strategy principles and frameworks
    If you want to be competitive for marketing jobs, you’ll have to demonstrate these skills and abilities in your interviews. You will ideally also be able to talk about relevant experiences in these areas come interview time. So, among the things you need from your MBA is the chance to cultivate those skills and experiences as quickly as possible.   And in addition to that – perhaps most importantly – access to the kinds of jobs you want. If you plan to move into CPG marketing and zero CPG firms recruit for marketing roles at a given MBA program, then that program can’t possibly be the best MBA for you.   Note: When you’re choosing your MBA programs and even deciding whether an MBA is right for you, be sure to keep the whole Framework for Choosing in mind. The MBA is an investment that will affect the entire rest of your career, not just your immediate post-MBA job. A quick and easy bridge to your next career step is a necessary but not sufficient screening criterion for your MBA program. In other words, the best MBA program for you MUST offer this path, but it’s not the only thing it needs to do for you.   Having a clear sense of what you need allows you to make sense of step 3: What schools offer and whether they offer the stuff you need.    

Constraints: Limitations or constrictions

  Your constraints will limit your choices. When we talk about constraints, we’re not talking about your competitiveness. Remember, that’s a different calculus that you can discuss with us any time.   Constraints are choices you’ve made that will limit your opportunity-set by necessity. For most people constraints relate to geography. Here are some common constraints our clients face:   Do you need a visa to study at the schools you are targeting? If so, then you will only target programs that sponsor such visas. Many part-time and executive programs, for example, do not sponsor visas.   Is there a specific geography you want to work in after school? Country, region, or city? Then you will only target companies that are hiring for those geographies and, therefore, schools that facilitate opportunities in those geographies. (Curious about where students from your target schools end up? Check out our Additional Charts section in the Appendix for more info!)   Will you need a visa to work in that chosen geography? Then you can only target companies that would sponsor such a visa or work authorization and, therefore, schools where such employers recruit. Luckily, during recruiting, companies make it pretty clear whether they offer H1B sponsorship, and most of the bigger firms do offer it. You can also consider firms that don’t hire as many MBAs, but where your expertise is going to be very valuable. Given the randomness of some countries’ visa processes, the more such recruiters there are, the better!   Do you have a partner coming with you, or other family members to take into account? Then you will only target schools located in a place where your partner/family members can transfer or find an adequate opportunity, or – if they aren’t working – geographies where they’re willing/able to spend the next two years of their life. If you need to stay close to your current home because your loved one can’t move, then you will be targeting schools within a commuter radius.   Let’s take this last case. Imagine you have a partner who works in a job they love in Boston. They’re not moving no matter what you do. There are always couples who decide to maintain a long-distance relationship for the two years of an MBA. But if you’re not one of those, then your school choice is confined to Boston and schools within a couple hours commute of the city.   Fortunately, there are a ton of great schools in that area for every level of candidate competitiveness. But schools such as Stanford or Booth will not appear on your ranking. As far as you’re concerned, they might as well not even exist.   Once you’ve compiled your goals, listed their resultant needs, and mapped your constraints, you’re ready to start on Step 3: What schools actually offer.     Career Protocol Senior Instructor Jackie Laine is gonna take you from here. Join her as she takes you on an enlightening and in-depth journey into the career and placement opportunities offered by top programs, so you can determine which ones truly are the best MBA programs for you and your career.

How to Prepare Your MBA Resume? (Top Tips + Sample)

THE RESUME IS ANOTHER important part of the MBA application. It is often one of the first things that the Admissions Board looks at in your application packet. Think of it as a snapshot of your work, your life journey, and what stands out about you. It reveals to the MBA Board your professional and educational accomplishments, as well as any interesting and unusual things you have done or are currently involved in. Most top MBA programs require a resume, so plan to update yours early in the process and invest enough time in it to ensure that it adequately reflects your brand. Unfortunately, many applicants do not pay enough attention to their resumes, thus missing an opportunity to sell themselves to the MBA Board. Candidates often question how much work experience is necessary to apply to business school. Deciding how much information to include on the resume can also be tricky. Those with more years of experience wonder if they should submit their seven-page curriculum vitae (CV) that covers every job they have ever held. On the other hand, candidates with limited work experience worry that they don’t have enough information to highlight in their resumes. Although the average number of years of work experience is four to five years, there is no set requirement. Seasoned and early career candidates are both admitted to the nation’s top business schools. Regardless of where you fall on the age and work experience continuum, the key is to make sure that your career is on an upward trajectory and that you can make a compelling case for why you need an MBA now. Ideally, you should keep your resume to one to two pages, unless the school requests a more comprehensive curricular vita. Be as succinct as possible and focus on the most important impact and contributions you had rather than including ten bullets of each responsibility you had in a particular job. Using active verbs and eliminating any redundancies will help you create a focused resume. The resume for business school is different from the resume an individual uses to search for a job. Unlike job resumes, application resumes should contain limited jargon and acronyms (the person reviewing your application may not know the intricacies of your industry). Also, you do not need to include a reference, summary, or objective section. They only use up precious space. The MBA application in general calls for brevity and the resume in particular needs to be short and to the point as it typically gets only a few seconds to about five minutes of the MBA Board’s attention. I recognize that producing a succinct resume poses its share of challenge to MBA applicants. I’ll focus the next section on the critical components of the resume. THE FOUR COMPONENTS OF THE PERFECT MBA RESUME Determining what to include in your resume can be difficult for many applicants. Many who struggle with this issue end up including everything they can think of, which does nothing to strengthen their application. Some candidates make the oppo- site mistake: they make the resume too short and leave out interesting and unique things about themselves—things that can differentiate them from their competition and instead focus on solely the academic and career aspects of their resume. I will discuss the key things to include in the resume. For starters, the resume for business school should have four main components: professional experience, education, activities (leadership), and interests/other. The Professional Experience Section The professional experience section is about achievements you have had in your career and your roles, not simply regurgitating your job description. It is important to communicate your professional career progress by emphasizing the quantifiable aspects of your job. The types of questions you should be thinking of when creating your resume for your business school application are: Did I get an early promotion? Was I the only analyst from my group invited to work on a high-value, complicated deal? Did I have an unusual opportunity to manage groups of people, even peers? Did I initiate something that has now become the stan- dard at my firm? Have I had opportunities to lead and work across functional roles? Have I led diverse or global teams? Have I been able to create value at my firm? These questions are designed to help you focus on the tangible contributions you have had at your firms. MBA candidates are challenged with the amount of detail they should cover in the professional experience section. Prior- itization is key in this process. Anticipate that you will have about four to five bullets at most for each job, so think long and hard about the most important achievements you wish to high- light and ascertain whether they reinforce your personal brand. A rule of thumb is that the further removed you are from the position, the fewer bullets you allot to it. Another useful tool in saving space is to provide a sampling of deals or projects you have worked on instead of devoting extensive space to every major project you have worked on. So for instance, an invest- ment banker can select three to four major deals she has worked 156 THE BEST BUSINESS SCHOOLS’ ADMISSIONS SECRETS on to show diversity of industries and breadth of experience instead of every single deal she has worked on. The professional experience section should be in reverse chronology, with the most current job first. If you work for a lesser-known company, consider including a sentence that describes what the firm does, its market size, and what makes it compelling. You should indicate your job title and show whether your role has grown over time. You should also make it easy for the MBA Board to follow your progress. Make sure the information of your tenure—your years at the job—is clear and easily iden- tifiable. Ensure that the dates are easy to see. Internships are valuable work experience that should not be ignored; in fact, they can be critical for early career candidates with limited work experience. That said, however, the longer you have worked, the less important it is to provide detailed information on every internship you have held in your life. You will need to make trade-offs on what specific information to focus on and what information to minimize. Experiences that reinforce your personal brand should be highlighted (especially if you have strong examples of leadership and impact), rather than roles that do not reinforce your brand message. For college students, the work experience section is even more important because you have to make a strong case with limited experience that you have the potential to “hold your own” in a business school. You should highlight your intern- ships and show what you were able to do besides doing what may be considered grunt work. This section of the resume is where you can show your maturity and initiative. If, for instance, you worked during your school year, you should defi- nitely highlight the work you did and the value you created. If you were involved in an entrepreneurial venture, you should make sure that you communicate the size of the business, the achievement, and your role so the Admissions Board can gauge The Resume and Professional Record 157 whether you have enough professional insight to be admitted. The good news is that there is no age or work limit, so instead of focusing on the quantity of years of experience, show the impact and quality of contribution you had in the time you have worked. The Education Section The education section typically comes after the professional work experience section. The exception to this applies to appli- cants who are still in college or who have less than a year of work experience. The first point you need to convey in the education section is where you went to school and your grad- uation year. It is worth including that you graduated early if that was your situation. It is also important to highlight your major, class rank, GPA, and any dual, double, or specialized degrees that you pursued. You should also mention any grad- uate degrees you have earned, as well as business coursework you have taken (especially if you did not take business classes in college). The education section is also where you discuss your awards, for instance, being on the Dean’s List or any scholarships and honors awards you received. If you received any unique and highly selective awards or honors, you should quantify this to help the Admissions Board understand its selectivity. You should also include your study abroad program in this section. Some additional points related to your GPA: The GPA you reference on your resume should match up to that on your offi- cial transcript. Inconsistencies, especially when the GPA on your resume is higher than your official GPA, raise questions about your integrity. Research papers published in professional journals should be mentioned in this section as well. For example, someone whose honors thesis is selected for presentation at a national profes- sional association should highlight this achievement. 158 THE BEST BUSINESS SCHOOLS’ ADMISSIONS SECRETS If you transferred from one school to another, it is important that your resume reflect this change. I’m often asked whether an applicant is obligated to include the schools attended if he or she didn’t graduate from there. The simple answer is yes. You don’t want to misrepresent yourself. So, if you left school after a semester or two and transferred to another school, you should include this information. Many MBA programs ask for all the schools you have attended, so not providing this information can come back to haunt you. Other unique situations that are worth mentioning in the education section of your resume can be self-financing your education or being the first in your family to graduate from college. The Activities Section The activities part of your resume is also very important. When you are thinking of your activities, you should think primarily in the context of leadership: does it highlight your leadership at- tribute, character, or achievement? Remember the 3 Cs discussed earlier. You should keep them in mind when addressing the re- sume in general and the activities section in particular. Showing a track record of consistent leadership not only in your career but in your community involvement and during your college years places you on a different level compared to your competition. The activities section allows you to communicate how you are different from each candidate in your category who works in the same industry/firm. Are you involved in extracurricular activities that matter to you? Pick the ones that reinforce your brand message and where you had the greatest impact. You will be limited by space, so be selective on how far back you wish to go. The longer you have worked, the less far back you should go. A professional with ten years of experience should not go as far back as high school to highlight the summer Habit for Humanity project he worked on. It will raise flags about the The Resume and Professional Record 159 absence of more recent community involvement. Your college activities are acceptable. MBA Boards are interested in candidates who have a life outside of work and who are more than academic geniuses. The reality for many applicants is that they will have strong leader- ship activities while in college but these often taper off once they start working, especially for those in the financial services and consulting industries. Even if you are no longer involved in a particular activity, if you had significant impact during your college years, you should highlight this in the activities section. Quality is also more important than quantity, so focus on the activities that mean the most to you rather than having a laundry list of peripheral involvement. Applicants should go beyond listing their activities. They need to provide information that communicates the depth and scope of their involvement. Stay away from activities where your only involvement is as a member. Focus on those where you demonstrated leadership and impact. Applicants to busi- ness school often have a lot of leadership activities during college. Many of them showcase their leadership through activ- ities such as managing the student investment portfolio, leading new initiatives through student senate, or supervising more than 100 students as resident assistants. Leadership roles can also come from athletics. For instance, you may have been the captain of your soccer team. Did the team’s ranking improve? Did you institute any initiative to improve teamwork and training regimens? Highlight your influence through this formal leadership role. Not all activities include formal leadership titles, however. So even if you were not the captain of your team, playing on a varsity sports team is an accomplishment to be proud of. You can highlight things such as the number of games played, team rank, any awards you received that set you apart (for instance, being ranked fifth in the nation among female doubles tennis players). 160 THE BEST BUSINESS SCHOOLS’ ADMISSIONS SECRETS Activities can also come from your community involvement. The duration of your involvement is important (highlighting continuity and commitment), but if you do not have a history of long-term participation, you can offset this by focusing on your impact. Some of the exceptional leadership activities that I have come across over the years have been achieved in the span of less than a year. Whether you choose to serve on the leadership board of a nonprofit organization, you start an organization to help immigrants assimilate into a new society, or you volunteer in an organization that does social good, the important point to convey in the activities section is the quan- tifiable contributions you have made and why it matters to you in the first place. The Interests/Other Section Similar to the activities section, your interests/other section also allows you to stand apart from your competition. There are no ideal profiles in this section. The important point to convey is that you are interesting and have a different point of view or perspective you can offer to the MBA class. One of the main admissions evaluation criteria is uniqueness. This information can cover aspects of your brand that differentiate you from other candidates. For instance, are you internationally minded? If you are, you can show your commitment to international business by highlighting your multilingual abilities (especially if you have achieved fluency in them). Honesty is very important, so avoid exaggerating your skills. If you are conversant but not fluent in a language, then say exactly that. If you have quirky and interesting things in your brand, by all means capitalize on them in this section. Think about what the interest you profile says about you. Ask yourself whether it sets you apart or reinforces a stereotype that already exists about you. A simple example of this can be seen in the case of an engi- neer who is passionate about salsa dancing. His commitment The Resume and Professional Record 161 comes through his four years as a dance instructor. The stereo- type of the smart but bland technical individual goes out the window when you envision him gyrating to pulsating merengue music. Why is this important? It shows that this applicant not only has a life outside of work but is highly adaptable and can connect with different people. Traveling is an interest that falls in the usual suspect cate- gory. If you choose to discuss traveling as an interest of yours, make sure you go beyond, “I like to travel and see new cities.” This is a major cliché and gets you zero bonus points. A better way to convey this could be leading a trek to a remote area that isn’t your usual hot spot. If your travel led to your interest in a particular region and you decided to work there, then it is worth mentioning. Here’s an example of this: AVID TRAVELER: Trip to Costa Rica during college break led to discovery of eco-tourism and influenced decision to work in Costa Rica for a year after graduating from college. There are other interesting things about your background that you may wish to address in the interests/other section of your resume. A few examples are captured here: • Growing up in an interesting region, especially one where there are ongoing global political issues (for example, Sudan, Zimbabwe, Rwanda, Bosnia, Afghanistan, Nepal) • Unusual upbringing can also be interesting to feature in the interests/other section: growing up in a blue collar family in the Midwest; being the first in your family to attend college; raising your younger siblings because of family issues; living in different countries; growing up on a farm or an Indian reservation • Running multicountry marathons in cities that have a special meaning to you 162 THE BEST BUSINESS SCHOOLS’ ADMISSIONS SECRETS Skills, awards, and certifications are also important elements to flag in the interests/other section of the resume. Similar to other parts of the resume, you have to determine whether the information you are highlighting will resonate with the brand of the school. Schools that are highly technical will likely appre- ciate your technical achievements in mastering programming languages or in building a complicated system network more than schools that are not. If you are a financial analyst, having passed all three levels of the chartered financial analyst (CFA) exams is an important accomplishment to share in your resume. The same thing applies to other certifications, whether the CPA for account- ants or the Series 7 and 66 exams to sell securities. If you have received awards for something you do outside of work this is also the appropriate area to mention it. For example, I knew a banker who happened to be very dynamic and was selected to be a national spokesperson to promote posi- tive and educational achievements for teenagers. These types of eclectic achievements are worth mentioning in your resume. A consultant interested in teenage empowerment can highlight her experience launching the first-ever teenage-focused televi- sion programming in her country. If she received an award for her work, then that is even more compelling. If you are not sure what should make it into the resume and what should be cut out, start by writing down everything and then cut down drastically anything that doesn’t reinforce your brand, showcase your leadership, or differentiate you from others. Don’t be shy about getting feedback from alumni from the MBA programs you are interested in with whom you work or getting the opinion of a professional admissions consultant. But beyond the four resume components, candidates to busi- ness school are often at a loss regarding how narrow or broad they should keep their resume. This issue goes to the heart of The Resume and Professional Record 163 the next section—deciding between breadth and depth when positioning the resume. POSITIONING THE RESUME: BREADTH VS. DEPTH I am often asked whether it is better to have worked for one company or in the same industry in similar roles (depth) versus having multiple positions in different industries and/or roles (breadth). The simple answer is that it depends on each candidate’s particular situation. There are admitted candi- dates who worked at the same firm and in the same functional area for several years. These individuals’ backgrounds show- case their depth of experience and commitment to their industry. The challenge for applicants with significant depth is to show that they have not stagnated at the same company or job. It is important to show that your responsibility and contribution has grown even though you have remained at the same firm. An investment banker who worked three years as an analyst and then gets promoted to associate with responsibility for managing analysts is an example of a candi- date with depth of experience. Equally admissible are candidates with breadth of work expe- rience. These candidates have resumes that reflect different job positions. Sometimes the roles can be different in terms of func- tion or in terms of industry. An example of a candidate with breadth of work experience is the accountant who worked for Ernest and Young, then joined the Peace Corps after a couple of years, and then decided to work for a foundation. The chal- lenge that a candidate with breadth of experience faces is making sure that the story is cogent, that is, that the resume connects the different roles in a way that makes sense to the MBA Board. Candidates from professional backgrounds with a lot of breadth have to show that their career path has been well planned and isn’t haphazard and random. 164 THE BEST BUSINESS SCHOOLS’ ADMISSIONS SECRETS Regardless of where you fall on the breadth/depth continuum, make sure that your work experiences focus on your brand, demonstrate that you have developed new skills even within a focused role, and that you have had an impact on the organizations, teams, and individuals you have worked with. But more than that, candidates should show that the choices they have made in their career make sense and show logical progression. The focus should be on the most compelling things about you. Remember that the resume is an extension of your brand. Make sure it is consistent with the rest of your application. Are your brand attributes and themes represented in your resume? When the Admissions Board reads your resume, it should confirm the conclusion they have already drawn of who you are. The sample resume that follows provides a picture of what a winning resume looks like. (Because this candidate has started a nonprofit organization, he felt a need to include Volunteer Experience as a separate section, which is fine.) Sample Resume John Johnson 555 Sandy Lake Ave, NY, NY 10000 [email protected]; (212) 555-5555 PROFESSIONAL EXPERIENCE COTY PRESTIGE New York, NY 2003–2007 Senior Financial Analyst—Financial Planning and Analysis Group Managed sixteen brand P & Ls totaling $105MM in sales, gener- ating profits of $10MM annually with $53MM marketing budget. Collaborated with marketing and sales teams to build annual com- pany budget and forecasts. Determined profit impact from changes in revenue and advertising/promotional expense forecasts. The Resume and Professional Record 165 Provided marketing team product launch budget guidelines after analyzing historical expenses of new campaigns. Enabled senior marketing directors to fund new programs after conducting actual-to-budget variance analyses. Led meetings with U.S. and global marketing teams to ensure use of promotional inventory to generate sales. NEW YORK & COMPANY New York, NY 2001–2003 Financial Analyst—Store Finance & Real Estate Department Analyzed return on investment and financial viability of building new stores to assist in company brand expansion. Assessed cost-benefits of downsizing/remodeling stores to maximize individual store productivity. Assisted in reorganizing divisional field sales by geography to gain cost efficiencies. Evaluated retail environment and sales trends to forecast store performance and aggressively control expenditures. Recommended closing of 30 stores that led to $3 million savings. MERRILL LYNCH New York, NY 1999–2001 Compliance Associate—Global Securities Research and Economics Group Enforced compliance with SEC laws and regulations as liaison between analyst research teams and investment banking counsel. Edited research reports to remove restricted insider informa- tion under highly time-sensitive conditions. VOLUNTEER EXPERIENCE TOP HONORS, INC (a not-for-profit organization that provides free tutoring to low-achieving students) New York, NY 2002–2006 Co-Founder and Chief Operating Officer Built budget model to determine financial needs and secured funding from Citigroup and Columbia University. Managed 166 THE BEST BUSINESS SCHOOLS’ ADMISSIONS SECRETS effective use of resources to operate weekly sessions under budget. Fostered relationships with schools to ensure consistent student enrollment levels. Educated 120+ children since inception. Developed and executed guerilla marketing campaign to triple tutor volunteer staffing in first 2 years. (Recent student scores resulted in 44 percent improvement.) EDUCATION NATIONAL TAIWAN NORMAL UNIVERSITY, Taipei, Taiwan 1997–1998 Certificate of Study, Mandarin Chinese language program UNIVERSITY OF PENNSYLVANIA, Philadelphia PA 1993–1997 Bachelor of Arts dual majors in communications and economics Awards: Time-Warner, Inc. Community Leadership Award and Scholarship · Taiwan Ministry Scholarship for one year study abroad Activities: Marketing coordinator for Penn Health Services · English department writing tutor OTHER Languages: Proficiency in Mandarin Chinese and Cantonese Software: Excel (advanced), Visual Basic programming, Hype- rion/Essbase, MS Office COMMON RESUME MISTAKES 1. Jargon-filled: A resume for admission to business school is very different from a resume for an appli- cation for a job. Unlike work resumes, which are full of industry terms, resumes for an MBA application The Resume and Professional Record 167 need to be short, jargon-free, and clear. Avoid acronyms that have little meaning to people outside your industry. 2. Empty Adjectives: Superfluous language without tangible numbers to back it up offers little insight into exactly what you have achieved professionally. Also, speaking in generalities does not reveal your actual impact. Winning resumes always quantify the change you brought about or the impact you had. 3. One-dimensional: MBA Boards are looking for can- didates who are multidimensional. Don’t hesitate to put that quirky hobby or organization you have been volunteering for in your resume. Being smart or work- ing at a blue chip firm isn’t enough to land a covet- ed admission spot. Use the resume to represent what else you have done with your time outside of work. 4. Jumping Around: Leaving your job in less than two years can be a red flag to the Admissions Board. Obviously this advice is helpful only if you are plan- ning to make the jump. For those of you who have already left your firm after a brief stint, look for a subtle place in your application to address this issue. But equally important is to connect the dots to show that the next move was a strategic decision that fits within your overall career goals. 5. Dishonesty: This goes without saying, but I can’t stress the importance of not inflating your involve- ment and impact enough. The MBA Board can see through any attempts to “pad” your story. Also, don’t be tempted to leave out positions where you worked for a brief period. Hiding the truth has a way of coming back to bite you when you least expect it! 6. Too Lengthy, Rambling, and Cluttered: A five-page CV is not acceptable for an MBA application (unless 168 THE BEST BUSINESS SCHOOLS’ ADMISSIONS SECRETS the school explicitly says it’s OK). A busy board member does not want to spend hours pouring through your CV. Keep your resume to one to two pages and focus on the impact and results you deliv- ered. Avoid manipulating the font size to try to jam everything into the resume. Anything smaller than a 10-point font is difficult for the reader to read. Leave lots of white space to make the resume attractive and inviting. At the end of the day, a cluttered resume is less inviting to read. 7. Mistake-Ridden: A shoddy resume will reflect nega- tively on your brand. Avoid spelling mistakes and grammatical errors. Make sure your numbers are accurate so that you don’t have to explain yourself when the school verifies your application after you have been admitted. Inconsistencies in your story can be reason for an admission offer to be rescinded. 8. Untailored: Every school is different. For instance, when applying to MIT Sloan, a school with a strong innovation and technical brand, you may be well served to include information about the highly tech- nical courses you took in college or the technical project you managed during your internship. On the other hand, it may be more compelling to use the limited space to address the marketing projects you worked on if you are applying to Kellogg or Michigan, programs with strong marketing brands. 9. Failure to Educate: If you have an unusual industry, firm, or role, make sure you provide a short descrip- tion under the professional employment section to educate the reader about your experience and impact. This will help the MBA Board understand that your company isn’t a hole-in-the-wall and that your impact was significant. This is particularly The Resume and Professional Record 169 important for internationals whose companies may not be as well known in the United States. 10. Boring: Although the resume is not an essay, it needs to be interesting and well written to capture the attention of the Admissions Board. Make sure you use active descriptors and avoid using passive sentences. Action verbs are the best way to describe your experiences. 11. Poor Judgment: In an attempt to make the resume stand out, never resort to gimmicky or cute tricks: they are likely to fail! Stick to the facts and keep the entire resume professional. Your email address should avoid things that call to question your matu- rity, such as “[email protected]” or any other inappropriate email addresses. Save those for your friends only. Your resume will stand out based on the merit of your work rigor, initiative, and impact. Now that you are armed with a solid resume, you are now ready for your audition. The resume summarizes your story and an interview allows you to expound on it. Next to the essays, your interview is your next best chance to “sell” yourself.

Common Essay Mistakes for MBA Application

We have compiled missteps that applicants often make when writing their MBA essays. As you tackle your essays, always ask yourself whether you are falling into one of these traps. Avoiding these essay errors can improve your admission chance. 1. Engaging in Essay Brain Dump: Writing your essays without first doing an outline will ensure that you create disjointed and ineffective essays. Use the SOARS model to frame up the outline before tackling any essay. 2. Being Bland and Generic: Failure to nail down your marketing will increase your chances of producing boring and undifferentiated essays. Do a brand audit to understand your overall positioning. I can often tell when an essay is written without a clear brand message: they are boring and don’t communicate a message about the applicant. 3. Being Selfish: Focusing too much on “I” can make you come across as arrogant; balance your individual accomplishment with your team involvement. 4. Going Back Too Far: Selecting accomplishments from a long time ago, for instance, during high school, especially after you have been working for seven years, may not come across as compelling; if you must go back that far, it is important to make sure the example is significant and has special meaning in shaping who you have become as a leader. 5. Using Clichés, Sermonizing, and Stating the Obvious: The MBA Board knows what conventional wisdom says. They care about what you personally think or believe. 6. Overusing Quotes: There is a place for quotes in the essays, but think long and hard before using up precious words to quote some Greek philosopher or business leader. The MBA Board is interested in your original thoughts, not those of a dead poet. 7. Not Answering the Question: If the question asks for leadership impact, be sure to tell a story that clearly depicts you as a leader. If the question asks for weak- nesses, give examples of real weaknesses. Don’t skirt around the issue. You will only annoy the Admissions Board if you do. 8. Being Unmemorable: Choose vivid stories that resonate with the Admissions Board. Unusual stories or a different take on a common topic can be interesting and capture the mindshare of the Admissions Board. 9. Not Pacing Yourself Strategically: Don’t try to do multiple essays for different schools at once. Tackle the essays one school at a time and complete them before working on another school’s essays. Simi- larly, you should not underestimate how much time and work are needed to assemble a strong applica- tion. Give yourself at least four months to complete the essays and add another month or two when factoring in other parts of the application (including managing recommenders, campus visits, interviews and so on). 10. Using Humor Inappropriately: Don’t be funny for the sake of being funny. Always exercise good judgment with your essays. Recounting the antics that you and your friends found funny will not win you any friends on the MBA Board. Subtle humor is more effective. 11. Being Too Rigid: This is the opposite of the inap- propriate humor mistake. It is important to open up and share personal (appropriate) stories that give the MBA Board insight into who you are and what matters to you. Focusing all your essays on your professional life misses the chance to show the full range of your personality, character, and motivations. 12. Trying to Be Creative for the Sake of Being Creative: Sometimes, less is best. Artificial essays with whis- tles and bells can backfire. I’m not against being creative but make sure that your creativity fits with the brand of the school and that it comes off well instead of appearing gimmicky. 13. Being Repetitive: It is important to bring up different stories to show the breadth and depth of your personality, experience, and perspective. Using the same example over and over again will suggest that you have a limited experience base. 14. Not Understanding the Program’s Brand: Take the time to understand the brand of the school and what that means for your essays. Kellogg, for example, is a program that is significantly tied to teamwork, so essays that ask about leadership impact should show team partnership instead of focusing on your “lone- ranger” leadership exploits. 15. Having Too Many People “Weigh-In” on Your Essays: Beware the too-many-cooks phenomenon. It’s helpful to get feedback from someone who knows you very well, especially if that person is a good writer. But it’s another thing to have your twenty friends, former colleagues, and that relative who happened to graduate from the same business school a decade ago review your essays. At the very least, you will get a hodgepodge of feedback that will yield a disjointed set of essays. 16. Doing a Drive-By Application: Don’t be in a rush to complete your application. Rather, focus on producing excellent applications. The best applica- tions are a result of intense introspection, focus, and multiple revisions. Applying good judgment when it comes to all your essays will help you get closer to your admission goals. Good judg- ment means not being stubborn and insisting that you will write the essay about the speech you gave to five people that was the “best speech this side of the hemisphere.” Just because you think the world of something you did does not mean that it is essay-worthy. If you can’t point to the tangible impact your actions achieved, you may have to think twice before selecting that topic for your essay. FINAL THOUGHTS ON THE MBA ESSAYS One thing you probably picked up from reading these sample essays is that there are different writing styles and that the topics can vary quite broadly. Two candidates can write about a personal accomplishment of buying a house for their parent, and one person’s essay soars while the other person’s essay falls flat. The difference is in the positioning of the story. Approach your application by writing heartfelt and insightful essays that take the Admissions Board into a deeper awareness of your motivations and what you care about. This approach will make your application stand apart. You need to use good judgment when selecting your admission essay topics. The same applies to the treatment of each essay. Your decision to write about how your relationship with your fiancée is your greatest accomplishment needs to be seen through the business school lens. How does that tie into who you are as a leader? Whatever example you choose, make sure it fosters your story that you are a leader and someone who can get things achieved with and through other people. It is also important to “own” your story. It can’t be manufactured. The essays that grab the attention of the Admissions Board can be a very simple achievement, written in a straight- forward style with little creativity and poetry. These essays are successful because they give the Admissions Board a glimpse into the heart of a candidate. No matter what your life experiences are, make sure you devote enough time to introspection before tackling the admissions essays. Doing so can be the difference between a congratulatory phone call from the director of admissions and a depressing email informing you that you have been denied admission.

14 Common MBA Interview Mistakes to Avoid

1. Don’t be disrespectful to the receptionist or students. Every encounter you have with someone affiliated with the MBA program is a potential interview. 2. Don’t try to dominate the interview. This is guaranteed to backfire. Let the interviewer cover all his or her questions. 3. Don’t talk too much or ramble. Be concise and to the point. 4. Don’t be too forward, and don’t ask the interviewer personal questions. 5. Don’t be too informal. Address the interviewer as Ms. or Mr. unless they specifically invite you to refer to them differently. 6. Don’t forget to bring water to drink. Your mouth may get dry as a result of nervousness so be prepared. 7. Don’t interrupt the interviewer. Even if you have an unreasonable interviewer, you’ll get no bonus points for antagonizing him or her. Calmly wait for an opportunity to assert your points and brand message. 8. Don’t use slang or informal communication, even if the interviewer does. (Remember, you are the one being interviewed.) 9. Don’t communicate insecurity and lack of confidence by giving a weak handshake and unsteady eye contact. 10. Don’t come off as unfriendly. Smile when appropriate. No one likes a sourpuss. 11. Don’t be late for the interview. Aim to be there at least fifteen minutes early. 12. Don’t dress inappropriately. Ill-fitting and outlandish attire sends the wrong message about you and your brand. 13. Don’t be negative, and never complain or criticize someone you worked with or your company. Ditto for other MBA programs. Do not criticize another competitor’s program. It sends the wrong message about you. 14. Don’t worry too much about the interview. Focus on being yourself. INTERVIEW REMINDERS The admission interview is not optional; you should always interview if the school offers you the chance. The interview is a marketing exercise, so go prepared to sell yourself/your brand. Know the MBA program thoroughly and communicate what you will bring to the program. Dress appropriately—a well-tailored suit is key even if your job has a casual dress policy. Be prepared for the interview; invest time to nail down your responses to two to three minutes so that you don’t run out of time. If the interviewer asks follow-up questions, then that is your cue to drill deeper in your response. The physical resume speaks to your brand, so make sure it is updated and reflects your main leadership impact; don’t forget to use quality paper and eliminate errors. Wrap up the interview with an intelligent question or two about the MBA program. (Program websites, press releases, and faculty knowledge papers present interesting information about new trends and activities at an MBA program.) Always follow up with a thank you card or email, which should be sent the day of the interview. SOME FINAL TIPS ON THE INTERVIEW Know your story (brand), and make sure you don’t leave the interview without communicating key points of why you are unique and interesting: your value proposition. Ensure that you communicate specifically why you fit into the program and what you will bring to enrich the student community. It’s possible to face an ineffective interviewer. Regardless of who interviews you or whether they ask you productive questions, you have to be prepared to lead the conversation back to major points that reinforce why you are a great fit for their program. Being clear on the four or so brand themes you wish to cover and having specific short stories to reinforce them will help you leave the interviewer with a strong sense of who you are. But the interview isn’t enough to help you close the deal. The MBA Board will be looking for third-party validation of your story (your essays, resume, and interview) before they admit you.

MBA Resources for Business School Applicants

MBA and Business School Resources A collection OF RESOURCES HAS been compiled to help answer additional questions you may have about the business school application. COMMUNITY LEADERSHIP Here are some great websites to link up with socially responsible organizations and explore ways to contribute your leadership in your community: VolunteerMatch (www.volunteermatch.org) BoardNetUSA (www.boardnetusa.org) Smart Volunteer (www.smartvolunteer.org) Idealist.org (www.idealist.org) Change.org (www.change.org) WOMEN AND MINORITIES Forté Foundation (www.fortefoundation.org) is an organization that promotes women in business. It provides a variety of resources to women considering a business career and education. Female applicants to business school who are members of the organization receive mentorship support, career advice, and access to women business leaders, and they attend admissions events where they can meet board members and receive scholarships to fund their MBA. The National Association of Women MBAs (www.mba-women.org) is dedicated to empowering women MBAs and helping them to take on leadership positions in corporate America and to enhance the diversity of the nation’s workforce. The National Society of Hispanic MBAs (www.nshmba.org) is an organization that fosters Hispanic leadership through graduate management education and professional development. NSHMBA works to prepare Hispanics for leadership positions throughout the United States so that they can provide the cultural awareness and sensitivity vital in the management of the nation’s diverse workforce. The National Black MBA Association (www.nbmbaa.org) is an association that is dedicated to developing partnerships that result in the creation of intellectual and economic wealth in the black community. In partnership with more than 400 of the country’s top business organizations, the association has inroads into a wide range of industries as well as the public and private sectors. GENERAL MBA SITES MBA.com (www.mba.com) is a great website that every applicant to business school ought to visit. It includes information about assessing the value of the MBA to decide which schools are the best fit for you. It also provides information about the GMAT, including the registration process, sample GMAT exams, and business school resource information. MBAwave (mbawave.com) is another great website BUSINESSWEEK.com (www.businessweek.com) provides an online community for applicants applying to business school. Applicants are able to read interview transcripts from Admissions Board members at leading MBA programs as well as participate in virtual chats where they can ask questions directly to the board members. Another major draw for applicants is that they can interact with each other through forums and discussion boards. Current MBA students also write about their MBA experiences. MBA Podcaster (www.mbapodcaster.com) has expanded the way information is communicated to prospective MBA candidates. Instead of the traditional online chats, MBA Podcaster uses audio and video services to bring the most current admissions infor- mation to business school applicants. MBA Podcaster includes interviews and discussions with authorities in the MBA arena, in- cluding business school deans, admissions directors, admissions consultants, corporate recruiters, current students, and alumni. Topics include everything from a behind-the-scenes view of the ad- mission process to post-MBA job opportunities and current mar- ket trends. Each in-depth show discusses a particular topic of interest to an MBA applicant and interviews relevant experts to help make the application process more efficient and successful. The moderator/host leads the discussion and draws conclusions to help the listening audience plan effectively for their pursuit of an MBA. The company was founded in January 2006 by Leila Pirnia, an entertainment executive and graduate from Massachusetts Institute of Technology. MBA Podcaster is dedicated to providing listeners with accurate and unbiased information. MBA Zone (www.mbazone.com) was founded by Brenda Mizgorski, a Wharton MBA, nearly ten years ago. This site was one of the first online communities for MBA applicants with information covering the application process, life as an MBA student, and life after business school. Vault (www.vault.com) was started by MBAs who saw a market opportunity that wasn’t being filled and jumped on it. They have successfully built an online community and an exten- sive collection of information, books, and other products covering a variety of careers and universities. This site is helpful for applicants who want to learn more about different careers and what a typical day is like in that industry. Vault also offers a database of available jobs for its members. The MBA Tour (www.thembatour.com) is an independent and high-quality information source regarding MBA admis- sions. Its events emphasize personal interaction between prospective MBA students, business school admissions repre- sentatives, alumni, and other like-minded education enthusi- asts. Established in 1993, it has built a strong reputation based on representing top business schools from North America, Europe, Asia, and South America. INTERNATIONAL STUDENTS InternationalStudent.com (www.internationalstudents.com) covers information on getting visas, securing financing for education as an international student, and other international-related topics. EducationUSA (www.educationusa.com) is a global network of more than 450 advising centers supported by the Bureau of Educational and Cultural Affairs at the U.S. Department of State. SCHOLARSHIPS AND FELLOWSHIPS The Consortium Fellowship (www.cgsm.org) provides financial funding to minority candidates from MBA programs that are members of the consortium organization. The Robert Toigo Foundation Fellowship (www.toigo- foundation.org) provides financial funding, mentorship, and support to minority MBA candidates interested in a career in the financial services industry. LOAN RESOURCES GradLoans.com (www.gradloans.com) Gate (www.gateloan.com) CitiAssist (www.citiassist.com) FastWeb (www.fastweb.com) GMAT PREP PROGRAMS The Graduate Management Admissions Test (GMAT) is a required exam that all top business schools use to assess candidates’ academic aptitude. Following is a list of the different GMAT prep companies. You should research each of them to determine the ideal program to help you prepare for this important exam. ManhattanGMAT (www.manhattangmat.com) The Princeton Review (www.princetonreview.com) Kaplan (www.kaplan.com) BellCurves (www.bellcurves.com) Manhattan Review (www.manhattanreview.com) In addition, the GMAT Club (www.GMATclub.com) is an online community for aspiring MBAs to improve their GMAT scores, access admissions experts through online chats, and receive tips on the application through blogs and other resources.

6 Admissions Tips for MBA Applicants

  1. You are a brand! Invest in conducting a brand audit and begin today to manage your personal brand. Not only will it help you land admission into a top business school, but it will also help you live your life in a meaningful, focused way. Don’t forget to live your life with passion, guts, impact, and insight.
  2. Know the brands of the MBA programs and research them to ensure a fit with the programs you end up selecting.
  3. The essays are critical to gaining admission to elite business schools. Successful applications have well-executed essays that have the following six characteristics: compelling, captivating, consistent, credible, concise, and clear.
  4. Brand champions can make or break an admission, so choose wisely and invest in cultivating recommenders who will become raving fans.
  5. Don’t underestimate the importance of the interview; it is your chance to make a strong impression on the Admissions Board. Preparation and practice will enable you to sell your brand successfully to the Admissions Board.
  6. Understand the three admissions criteria: leadership, academics, and unique brand differentiation. Know what your strengths are and where you fall short. Commit to plugging the holes in your candidacy, whether it is gaining more leadership experience, taking business classes, retaking the GMAT, or simply developing your personal brand to become an appealing candidate.
The good news is that you don’t have to be a rock star to get admitted to your dream school. Getting in involves doing your research, tailoring your story to fit the program’s brand, and capitalizing on your unique brand differentiation. Embrace your brand, give yourself enough time to market your story, and do it right the first time. I wish all of you well as you brand your way to success!