The MBA Admissions Studio

The soul-searching at Harvard Business School over business ethics and the relationship between business and society has been widely documented. From Anderson to Enron to Lehman Bros., risktaking, dodgy, and sometimes outright criminal companies have been loaded with HBS alumni (as well as many from other schools as well, let’s not forget.) But somehow, of all business schools, perhaps because of its self-proclaimed “leadership and influence” focus, Harvard sees itself as needing to lead a new era in business-society relations.

With this as background, a recent Economist piece views the appointment on July 1st of new dean Nitin Nohria as part of a general HBS ethics-focused shake-up.

“Mr Nohria is the first HBS dean who was not born in North America. He is also the first who has come to the job having said that business faces a ‘crisis of legitimacy’ and that business education is at an ‘inflection point’…

“Mr Nohria’s first task is to try to restore faith in business in general and in business schools in particular. This means improving two things, he reckons: “competence” and “character”. He wants the faculty to focus more on the risks of clever financial techniques; they will have plenty of case studies to choose from. He also wants HBS to renew its commitment to shaping its students’ characters as well as their intellects. He has long argued that business people should regard themselves as members of a profession. He supports a movement by students to adopt a business equivalent of the Hippocratic oath… (For more on the MBA Oath see here.)

“Mr Nohria’s other great passion is for super-charging innovation at HBS. This will involve making the school even more globally connected than it already is: one of Mr Nohria’s first acts as dean was to embark on a whistle-stop tour of the world’s business hot-spots. More ambitiously, he wants to rethink the school’s hallowed teaching methods. Since the 1920s, HBS students have pored over case studies of business decisions. The new dean wants them to take part in live case studies—to take themselves to the Midwest or Mumbai and spend time working for real companies. This answers one of the most persistent criticisms of business education: that it is too abstract. Mr Nohria wants his students to get their boots dirty.”

So there is clearly a manifesto from the top of HBS to (1) address character issues and define competence more broadly, that is, to exclude absurd risk-taking; (2) to increase the school’s active global connections, including in emerging markets, in the spirit of innovation, and; (3) to extend the case-method to include “do-it-don’t-just-think-about-it” immersion.

Nobody is suggesting that the Dean makes admissions decisions directly. But HBS Adcom as a whole can hardly be immune to the strong winds of this new directive either. Therefore, applicants who (while staying true to themselves!) show evidence of good character, a measured risk-taking profile, global-innovative intent, and readiness to go beyond the ivory tower during their studies and afterwards, will be doing themselves a favor.

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Tags: ethics, Ethics & Community, goals, Harvard, innovation, Leadership, MBA Admissions, risk, top-10 MBA

Many industries have seen a shift from the US / Europe to Asia, yet, somehow, education has been one of the slowest sectors to make this transition. Certainly at the elite level there has always been, and remains, a significant migration westward to attend brand-name universities. Institutions such as Harvard and Oxford have unbelievable prestige across the Orient and this is not going away any time soon.

But there are straws in the wind, and the wind is blowing the other way.

As an admissions advisor I’ve started to hear Americans and Germans and Canadians and Italian nationals saying this kind of thing: “My target schools are Harvard, MIT, LBS, and HKUST, and Nanyank.”
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Now four Asian schools have gotten themselves together under the banner “Top 4 Asia B-Schools” to solicit applicants from North America and Europe. The Top 4 are the Indian School of Business (ISB), Hong Kong University of Science & Technology (HKUST), China Europe International Business School (CEIBS), and Nanyang Technological University (NTU, Singapore). The programs are all well-ranked, all accredited by AACSB (US) or EQUIS (Europe) or both, and feature prominent Western faculty.

The admissions implications: First, none of these schools are easy to get into. Part of their growing exclusiveness, part of reaching the top-tier and staying there, is having admissions policies that turn away similar percentages as those dinged by top US / EU schools (about 85% on average.) So there won’t be any “gimmee’s”. But, having said that, the Asian programs are very keen to balance their intake between East and West, so for now a foreigner stands a much greater chance of admissions than a local, all other things being equal.

Second, these four (and other) Asian schools are going to grow further in prestige. This is similar to what I said about the new Johns Hopkins Carey School MBA here. Look ahead and realize that while CEIBS et al does not sound as good as UCLA now, during the span of your career it no doubt will, and the MBA branding, alumni network etc., will be just a strong.

Footnote: According to the CEIBS site, teams from the Top 4 Asia B-schools will attend QS MBA fairs this fall as a group. The dates are:

North America
• Los Angeles: September 11th, Wilshire Grand Los Angeles
• San Francisco: September 12th, The Fairmont San Francisco
• Toronto: September 19th, Metro Toronto Convention Centre
• New York: September 25th, Hilton New York

Europe
• Paris: October 9th, Palais des Congres
• London: October 23rd, QEII Conference Centre
• Madrid: October 26th, Husa Princesa

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Tags: AACSB, Carey, CEIBS, EQUIS, ethics, Harvard, HKUST, ISB, Johns Hopkins, Nanyank, Oxford, Top 4Asia B-schools, top-10 MBA, UCLA

The Carey School? Never heard of it? It is Johns Hopkins University’s school of business, as renamed in 2006 when the university received a $50 million endowment from banker William Polk Carey.

It’s well known that JHU has been a bit of an oddity — a top-tier university with relatively little offering in business management. It has had a part-time program available at its Washington, D.C., campus, but nothing that attracted serious attention. Now that’s all changed. As reported in BusinessWeek, Johns Hopkins University is launching a new MBA program in August, in Baltimore, and it intends to become one of the world’s best.

The admissions implications are this: for a while — a few years — Carey will be relatively easy to get into. It will quickly move up the ranking based on the stellar JHU brand (it is particularly renown medical and public health schools) and soon will be as hard to gain admission as at any top program. If you’re prepared to think a little creatively, and move quickly, you can have a top-tier MBA ticket even if you’re likely to face a lot of dings from the established schools.

As BW reports, the Carey School is seeking to distinguish itself by designing a curriculum that will capitalize on Johns Hopkins’ strength in medicine and public health, have a focus on emerging markets and ethics, and encourage innovation and entrepreneurship.

Yes, there will be challenges. As a prospective student you should be aware that the Carey alumni network will be nascent at best, and career services won’t have a lot of clout in the market. The school’s inaugural dean, Yash Gupta, is busy recruiting top faculty and still working on AACSB accreditation, and this could all fail. But, brand capital in the bank says chances are it will succeed. And, as with Oxford-Said and Cambridge-Judge in the early days, top-tier admissions is currently there to be had even if you’re a long-shot applicant.
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Tags: AACSB, Business Week, Cambridge-Judge, Carey, Johns Hopkins, MBA Admissions, MBA alumni, Oxford-Said, top-10 MBA

Hey it’s August, and even though it’s definitely, seriously, MBA application season we can still have a little fun, right?

Here’s a video from Comedy Central / The Daily Show, featuring intrepid reporter John Oliver who enlists the “help” of a former convict to convince hold-out MBA students at MIT and Harvard to sign the MBA Oath.

In an interview of the type made famous by Sasha Baron Cohen (and with the same Oxford-dragged-through-Essex accent) Oliver talks to Columbia GSB ethics professor Bruce Kogut (he really exists, bio here,) who has not the faintest idea he’s been set up.

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Of course, ethics is a real and important topic to get right in MBA admissions. For a copy of the oath, and what it means for MBA applications this year, see previous post here.

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Tags: b-school, ethics, Harvard, HBS, MBA Oath, MIT Sloan, top-10 MBA

Stanford’s essays are notoriously “introspective” and give many applicants trouble. Stanford Adcom do really want to get to know the real you through your writing. This year the flavor is the same, but (and possibly to avoid waffle) some important tweaks have been made in the optional essays to shift the focus squarely towards communicating successful results.

Why results? Because successful outcomes are hard to achieve. Anyone can tell a good story, particularly about what great things they may do in the future. That’s important. But if you can twin it with proof of past success, then it sounds like you are likely to hit your targets in life.

Stanford GSB Application Essays

1. What matters most to you, and why? (750 words recommended)
   
2. What are your career aspirations? How will your education at Stanford help you achieve them? (450 words recommended)
   
3. Answer two of the four questions below. Tell us not only what you did but also how you did it. What was the outcome? How did people respond? Only describe experiences that have occurred during the last three years. (300 words recommended).
   Option A: Tell us about a time when you built or developed a team whose performance exceeded expectations.
   Option B: Tell us about a time when you made a lasting impact on your organization.
   Option C: Tell us about a time when you motivated others to support your vision or initiative.
   Option D: Tell us about a time when you went beyond what was defined, established, or expected

Here is where successful outcomes results-orientation has been upgraded. In Option A they have added “whose performance exceeded expectations.” Option B used to be “Tell us about a time when you felt most effective as a leader.” Now “the lasting impact” demands a results-oriented perspective. Option D remains from last year: this is a directly results-oriented question.

Stanford GSB Application Deadlines are:
Round 1: October 7, 2009
Round 2: January 6, 2010
Round 3: April 7, 2010

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Tags: Adcom, b-school, communications, essay writing, profile development, Stanford GSB, success record, top-10 MBA, writing style

There’s a heartwarming story in today’s Philippine Star (philstar.com) by Gina Valerie Chua, who tells the story of her March HBS interview and April admission to Harvard. See the full story at this link.

Other than the feel good factor, for admissions purposes there are two takeaways. First is she beat out many apparently better candidates – as she puts it: “those NASA astronauts and genetic scientists who are dreaming of the exact same thing.” She says: “Only 900 applicants are admitted out of 10,000 from all over the world: investment bankers, UN diplomats, cancer-curing surgeons — and little old me somehow found my way through.”

I’m sure she is being modest about her own competitive profile, but the point remains. You don’t need to be a superstar. You just need to be competitive and apply well.

The second takeaway concerns reflections on the HBS interview.

Says Chua: “I remember my interview. They asked me why I insist on writing despite my career in investment banking, an anomaly in this world of perfectly drawn certainties. What I told them is the very reason you are reading this now: I wish to write about possibility. Whether we are meant to find it at home or some 9,000 miles away, there is a world waiting for us, waiting for our courage and our lack of self-restriction. We cannot help but be creators — of books, skyscrapers, wars or dynasties — and the best of who we are can only be found in the hope they leave behind.”

Idealistic waffle wouldn’t you say? Puke? Well, that’s the point. For better or worse most Adcoms like idealism. Harvard perhaps more than most. They don’t want naivete, but they do like world-changing visions. If you are not something of a dreamer at 25, you’ll never be, and they are not looking to put the HBS brand on (more) money-grabbing cynics.

And, reassuringly, they don’t penalize anomalies, nor seek a world of perfect certainties. Be yourself.

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Tags: admissions red flags, ambition, Harvard, idealism, interviews, top-10 MBA

A week or so I blogged about Harvard case method and included the HBS promotional video featuring the case method. Here’s another one, this time from Darden (University of Virginia Business School).

The video “Highlights of a Darden Case Study Class” is here:

First, this shows how widespread the case method is in b-schools. In my experience, applicants think they must show their identification with the case method for Harvard, but tend to overlook it for all their other applications. For HBS it comes across as formula, unless you add a unique perspective. And there’s certainly no harm in mentioning it other places, particularly where a school has publicly featured it in their promotions.

The broader value in watching videos like this – and this blog will feature more of them over time – is they are absolutely valuable (and free!) insights into what goes on in a b-school classroom. This gives a good idea of the kind of applicant MBA Adcoms are looking for. Particularly not how much the emphasis is on discussion, communication, questioning, argument, thinking. Most of business school is not about absorbing facts or calculating answers.

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Tags: Adcom, case method, communications, Darden, Harvard, HBS, Leadership, top-10 MBA

Harvard Business School has a promotional video up at http://www.hbs.edu/mba/academics/

The video can also been seen here.

It’s an ad for HBS of course, highlighting its main point of distinction: the case method, which, according to HBS creates “special moments that pull everything we have learned into focus. When theory, practice, experience and talent all come to one sharp point — a decision.” And so on.

For the MBA admissions applicant this is a worthwhile watch for a few reasons

1. It is good insight into how b-schools work and think. It is good background on the culture and attitudes at play, including overall assumptions and ethics, and therefore what would be expected of the next class too.

2. It is good insight into the dynamics of the business school classroom, and the requirements of individual and group-based learning. The applicant positioned well to work in this way, is well positioned to be admitted.

3. It is good insight into the case method of teaching. HBS is “ground zero” of the case method, but actually almost every school uses cases to a significant degree, so it is useful for understanding all schools.

By the way, the case method has been under a bit of scrutiny, and voices have been raised that Harvard did not adequately prepare its graduates to assess risk / business failure (the credit crunch and fallout). See example stories in Forbes and Bloomberg News. But, to me it doesn’t look like HBS did worse than anywhere else …

Note also how HBS focuses on its distinctive marker – the case method – in branding and advertising itself. Same principles apply to MBA applicants.

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Tags: Adcom, case method, ethics, Harvard, HBS, team player, top-10 MBA, working in groups

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Tags: b-school, international MBA, mba, profile development, profiling, top-10 MBA