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.

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

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

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.

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

FT.com / Business education - A word in your ear this week reports: “At the Anderson school at UCLA, applicants this year were asked to submit their essays in audio format. Although the scheme was voluntary, some 70 per cent of applicants for the class of 2011 chose to record their essays rather than submit them in a text format, says Mae Jennifer Shores, admissions director. …

“The audio clips have been useful on a number of fronts, says Ms Shores: they show how well the applicants can communicate, how well they have grasped the use of English and how they perform under pressure. Also they demonstrate how creative students can be: some added music – either commercially produced or self-generated.

“It also enabled some students to demonstrate a sense of humour. “It was a joy for us,” says Ms Shores…

“Ms Shores says the Anderson school may choose to make the audio clips compulsory next year, or alternatively it may consider using video clips instead.”

MBA Studio’s take on this:

(1) If given the option of audio or video - Take It! You don’t need to overly interpret “it was a joy for us,” to know what their preference is. Not doing it is almost a red flag.

(2) In the original article the FT reporter also suggests the audio essay is a way of nulliflying the effect of admissions consultants. That’s poor reporting. Consultants can just as easily help applicants with communication in any media.

Responsible admissions advisors advise and edit and coach, like any advisor in any field. MBA Studio, for one, would never cross the line and prepare a candidates submission for them whether written, audio, or video.

Tags: audio essays, coaching, communications, essay writing, ethics, MBA Adcom, red flags

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

The video can also been seen here.

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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.

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

Continuing the process of moving stuff off the static site to this new blog format, this in an interview I did with About.com . The questions allowed me to say some perhaps slightly less-than-usual things. The original is here.
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How soon should potential MBA students start preparing for the admissions process?
About 9 months to a year prior to submission deadline - giving time to research the process, research schools, line up recommenders, do the GMAT etc. Earlier start good, but it’s not a simple case of the earlier the better…
the candidate needs to get immersed in the application process. Certainly s/he doesn’t want to dilute the process over years and years. That’s a recipe for a lukewarm application. Generally applicants should be wary of spending too much time on their application research and production - some do - at the risk of having their career stall and missing the key workplace award or promotion that would help them shine in front of Adcom.

Should prospective MBA students submit applications to several schools or are they better of concentrating their efforts on one or two favorites?
Both really. Favorites should be carefully targeted, no holds-barred. But the applicant should also be street-smart in recognizing that competition for top schools is intense, and any one favorite school acceptance may not emerge. In my experience the ideal number of applications is 4-5. Less means the randomness of random dings is not taken out the equation. More starts to dilute the energy of the applicant and recommender, and take too much time (ref answer above).

In your book, MBA Admissions Strategy, you mention that nearly everyone under 35 with respectable undergraduate transcripts and a good professional record has a realistic chance of getting into the finest business schools. Some prospective students don’t share this optimistic view. I get a large number of emails from individuals who feel that poor GMAT scores or attendance at a less prestigious undergraduate school can hurt their chances during the admissions process. What advice can you offer these students?
In my experience a less prestigious U/G school is a very minor factor, and is entirely a non-factor if there is some concrete reason (normally funding) why the applicant went to “Buckwheat State” and not Harvard College. What counts more is how the applicant performed academically at whatever institution they were at. But even more than that, business schools heavily weigh what a candidate has done between college graduation and MBA application. A good professional record trumps college level branding. (This is different to Grad & Law & Med schools, where applicants apply younger and with less or zero work experience, so college brand is all adcoms have to go on.)

As to GMAT, yes, it is true a minimum threshold GMAT is necessary. If one is not in the high 600s, an application to a top-10 school will stall. But the GMAT works on a threshold principle - the applicant needs a high enough score to relax Adcom about his or her academic ability. After that they start asking other questions - about leadership, team skills, career arc, etc.

Footnote to this is that, believe it or not, a GMAT score can be “too good” - anything above about 760 is problematic. This is because the applicant starts to look like a genius and questions will be asked about whether that person will make a good manager and leader. B-school is a professional place with the aim of turning out people who will survive and thrive in the cut & thrust of real world business. That’s what recruiters want. So Adcom looks carefully at apparent geniuses and dings them if it appears they may be better suited to PhD program and research career.

What are four attributes every admissions committee wants to see in an MBA student?
See my book, chapter 2 “Attributes that Count” for a list of 22 such attributes. It’s hard to say which 4 count the most. I think a clear success record is definitely up there; along with personal integrity; being a team player that mixes well; and leadership experience and potential. But there’s no privileged four. I strongly believe in all 22.

How important is it for applicants to show that they possess these attributes?
The key here is “show”. So many applicants claim they possess attributes. That’s worth nothing. The attributes have to be shown by telling proof stories - that is, anecdotes of the candidate in action, acquiring or living the attribute.

What are the three most common mistakes that an MBA applicant can make, and how can these mistakes be avoided?
1. Trying to be a typical MBA applicant - leading to a generic and therefore low-value application.
2. Inability to see what is precious and valuable in their past activities, from Adcom’s point of view.
3. Wasting precious essay space with sentences and paragraphs that do not deliver or prove profile value.

Is there any additional advice that you can offer students who are trying to develop an MBA admissions strategy?
Candidates should balance their energy between the major blocks of an application, which are: (a)GMAT (b)File essay questions & long essays (c) Recommendations (d) Interview. (I assume their college record is set). In having helped hundreds of applicants get into top schools, the application strategy weakness I see most is candidates who are willing to spend an unbelievable amount of time and energy, not to mention money, trying to get their GMAT score up one notch, while neglecting the rest.

As mentioned, the GMAT operates on a threshold principle - more is better up to a certain point - then more is irrelevant. And the balanced good application beats the unbalanced excellent/patchy application (and remember, they don’t want brainiacs). They are looking for people who appear good on all fronts. Someone who looks like they will continue to be good on all fronts. This is what I call the “CEO-in-Waiting” image.

Tags: admissions red flags, application timeline, ethics, GMAT, Leadership, success record, team player, undergraduate record