Admissions Tip: Clearing Up the Background Check
With a slew of schools releasing their R1 notifications, we know that many of our readers will be asking about the background checks conducted by leading programs. Here are some quick facts to help explain the process:
1. What are background checks?
Background checks involve the verification of information that a candidate has provided in his or her MBA applications. Although the process varies from school to school, it usually includes checking that an applicant attended the undergraduate (or graduate) school(s) that he or she claims to have attended, received the grades indicated and earned the GMAT score reported. It also involves the verification of the candidate’s employment history, job titles, starting and ending dates and salary/bonus information. Finally, some background checks involve contacting recommenders to verify their support and confirming applicant involvement in community activities.
2. Do all schools conduct background checks?
When do they do this? How do they have time? Many of the leading MBA programs like to verify the information that has been provided by applicants. This is typically done only for those applicants who are admitted, since there is no sense in expending resources to verify information for applicants who do not make the cut. Most background checks occur in the spring – after decisions for most rounds have been released and students begin sending in their deposits. In many cases, the schools outsource this function to a professional risk consulting firm like Kroll.
3. Why bother with background checks? Don’t the schools trust me?
The purpose of background checks is to protect all stakeholders of the MBA program (students, faculty, staff, alumni) from those who would falsify their backgrounds to gain an unfair advantage in the admissions process. Some schools opt to investigate the backgrounds of a relatively small sample of randomly selected admits, hoping that the mere possibility of a check will give applicants incentive to be as honest as possible. In a way, this measure therefore serves to increase the adcom’s trust in its applicants.
4. What about very minor discrepancies?
It’s natural for admitted applicants to get anxious at this point in the process, wondering whether their offer of admission might be rescinded if, for instance, the “start date” for an old job is one week earlier than the start date that HR reports during the background check. The good news is that most schools report any discrepancies back to the applicant and give them a chance to explain a plausible mistake. Having said that, it of course makes sense to do your best to verify all of your information before applying to school, so that you can be certain that the data you report is accurate. Should any potential issues come to mind after submitting, you might consider preemptively contacting the adcom if the error is serious enough.
5. Won’t the background checking process alert my employer to the fact that I am applying to b-school?
Since the process typically takes place long after you’ve been admitted, this ideally won’t be an issue, as most applicants give their employers ample notice and take some time off before school. Having said that, the schools still try to conduct the checks in a discrete fashion, consulting with your HR department to verify your dates of employment and salary – but not necessarily revealing that you are heading to business school.
6. How can I ensure a smooth background check?
While the obvious answer is to be honest in your applications, it’s also important that you don’t fudge anything out of laziness (a common occurrence). Dig up those old W-2 forms or check with former employers in order to present the committee with the most accurate information you can.
Stay up to date with all of our latest MBA admissions tips here.
This article has been edited and republished with permissions from our sister site, Clear Admit.
Harvard Reveals 5 New Years Resolutions You Can Actually Keep
You aren’t even a week into 2018 and are already regretting that gym membership, but, you still have time to refine how you want your year to look. Carmen Nobel at Harvard Business School Working Knowledge discussed some more “realistic” efforts you can take.
What Is Your 2018 MBA Resolution?
For those who aren’t in a post-New Years Eve hibernation, 2018 is here, and that means actually following through on all those promises you hastily made an hour before the year officially began—including your 2018 MBA resolution.
You and every other person in a five mile radius will pack your preferred gym for the next few weeks, dutifully following through on the promises they made themselves. And while the frustration of waiting, waiting, and still waiting for the bench press to open up is inevitably going to sit in, you still have an opportunity to utilize that newfound resolution energy into your MBA degree.
Start of this new year by forming productive habits, achievable goals, and a vision of where you want to end up! #MondayMotivation pic.twitter.com/igYQmNtI3C
— FOX MBA & MS (@FoxMBA) January 2, 2018
But, where do you start?
2018 MBA Resolution Baby Steps
Ordering a multi-thousand dollar exercise bike at the stroke of midnight might have been a more curious impulse, but there are plenty of non-expensive efforts you can make going into a brand new year.
The MIT Sloan School of Management revealed some of its favorite books from the previous year from its distinguished faculty and alumni, including the timely “The Power of Little Ideas: A Low Risk, High Reward Approach to Innovation,” by senior lecturer David Robertson. Which, in itself, can provide a powerful set of ideas to harness that newfound resolution energy.
Looking to up your tech-savvy skillset? Head over to Product Hunt, which provides an impossibly lengthy list of new apps and tools from startup companies that can do almost everything: from learning valuable developer tools to reforming your daily task routine.
Be Wary of Impossible Goals
According to Chicago Booth behavioral science experts, people don’t tend to follow through on grander resolutions.
“‘The problem with big resolutions is that motivation tends to wane over time,’ says Chicago Booth’s Ayelet Fishbach, who studies motivation and decision making. People start out strong, but then reality sets in as they realize it’s easier to set goals than to carry them out. ‘The problem with persisting is that our priorities change in the course of a day, a week, a year,’ says Fishbach. We may wake up in the morning determined to watch what we eat, but by the afternoon, we’re distracted—and start snacking again. Or we may feel determined to invest more time in relationships, but that slips our mind when an important work deadline looms. ‘Successful goal pursuit,’ she says, ‘requires employing strategies that keep us on track as our priorities momentarily shift away.'”
An important part of Fishbach’s research revealed that setting more frequently occurring goals is important to stay on track. This means, “Instead of an annual goal, set a monthly goal. Instead of weekly, make it daily.” When more smaller, reasonable projects are completed, the end goal is more probable. And the more probable a goal is, the greater the motivation, according to Booth marketing professor Oleg Urminsky.
“Proximity to the goal increases motivation. If you’re a rat in a maze, you run faster the closer you get to the end.”
Embrace The Eventual Setback
Anyone who has gone through a diet is more than likely familiar with the concept of a cheat day. While scouring cake one week into your shiny new diet may feel like a small failure, it doesn’t mean it’s time to give up.
According to marketing researchers Marissa A. Sharif and Suzanne B. Shu, authors of the 2017 study “The Benefits of Emergency Reserves: Greater Preference and Persistence for Goals That Have Slack with a Cost” in the Journal of Marketing Research, having a few “mulligan” occurrences is normal and should not deter your overall aim.
“What this suggests is that the perfect goal to set for yourself is probably a tough one but with the explicit allowance for a mulligan or two so you won’t be discouraged by the occasional slip up,” writes Washington Post reporter Katherine L. Milkman.
It’s Time To Go After That MBA
We at MetroMBA may be vocal advocates of an MBA, but numbers speak for themselves. MBA salaries at the top schools in the world hit a record high last year, according to the Financial Times, sitting at an eye-popping $142,000 USD average by the start of 2017—a $7,000 jump from the previous year.
Some of the world’s biggest companies, such as Amazon, are on MBA “hiring sprees” as it rapidly expands its business, indicating the increasingly high demand for graduates.
And if all else fails, just embrace it!
I don’t like New Year’s Resolutions. At all. In fact, I vow to get fatter, more deceitful, spend more frivolously, and enter more toxic relationships. These are my New Year’s Regressions.
— ShinigamE (@WWEBigE) January 1, 2018
Admissions Tip: The Waitlist
Last week was marked by Round 1 decision releases from a couple of the schools covered on MetroMBA and Clear Admit, and in the coming weeks, many of the remaining schools are scheduled to release R1 decisions. Clear Admit’s MBA LiveWire has captured a lot of this news, including quite a few candidates recently reporting that they’ve been waitlisted at places like London Business School and INSEAD.
For better or for worse, waitlisting is rather popular with top schools in the first round of admissions. As such, we’re devoting this week’s admissions tip to guidance for candidates who find themselves placed on a waitlist. Before we get to that, let’s look first at why schools use a waitlist.
Why Schools Use the Waitlist
First and foremost, while schools now know the quality of their Round 1 pool, they don’t yet know how strong the remainder of their applicants for this admissions season will prove, nor can they predict how many of the candidates admitted as part of Round 1 will ultimately enroll. Simply put, the waitlist helps schools manage these unknowns to arrive at the strongest possible class come fall. Some schools will “under admit” Round 1 candidates in case there is a flood of quality applicants in Round 2 or a higher yield of Round 1 candidates than predicted. The goal of the school is, after all, to admit the best overall class, regardless of when someone applies. They also do not want to over admit during an early round, which will limit their opportunities to admit strong candidates later, thus the push to “under admit,” and place significant quantities of candidates on the waitlist who may very well gain admission in later rounds. Chicago Booth explains this well on their web-site:
“The waitlist at Chicago Booth is used to gauge the pool of candidates in a subsequent round before offering a final decision to those candidates placed on the waitlist.”
Schools also can learn, by placing a candidate on the waitlist, how committed he or she is to attending the school. There is signal value in how a candidate responds to the waitlist decision. Some candidates placed on a waitlist receive offers at other schools they would prefer to attend, in which case they will opt out. Others remain convinced that the school that has waitlisted them is their best choice and will hold out to see if they can ultimately gain admission.
As well, if you are waitlisted, we’ve outlined some more advice we feel will help you on the way to earning an MBA.
Five Tips for Making the Best of the Waitlist
If you find yourself on the waitlist, don’t lose hope. Top programs admit a fair number of individuals from the waitlist in Round 2 and even later. That said, we know that cautious optimism does not make the wait for an answer any easier. To help those in this situation make sure that they’re doing all they can, we do have a few strategic waitlist tips:
Know—and follow—the rules.
Schools vary in their stances when it comes to interaction with those on the waitlist; some shun communication from applicants and even go so far as to discourage on-the-record campus visits, whereas others welcome correspondence and assign an admissions office liaison to serve the needs of waitlisted candidates.
We know that the natural impulse is to update the adcom that recent promotion or the final grade from that accounting class you took to bolster your academic profile. At first blush, a short letter or quick call to communicate this kind of update might seem harmless. But no matter how exciting the piece of news you want to share may be, ignoring the adcom’s instructions is ultimately going to reflect badly on you. Though policies discouraging communication from waitlisted candidates may seem frustrating or unfair, it’s important to respect and abide by the preferences of each school.
Communicate if you can.
For those programs that do permit or encourage contact from waitlisters—Booth, for example, has traditionally invited waitlisted candidates to submit an additional 300-word essay—it is important to provide an update. In addition to the obvious news items mentioned above, it’s beneficial to read over your essays and reflect on whether there is some piece of your background or interests that you haven’t gotten across yet. Taking the time to write about your relevant recent experiences, positive developments in your candidacy and ways that you’ve enhanced your understanding of the program is a nice sign of your interest in the school and a good strategy for telegraphing your commitment to attending. It is, of course, also in your interest to make sure that the adcom has the most up-to-date information so that it can make an informed decision the next time your file comes up for evaluation.
Keep in touch.
Don’t disappear after an initial note to the adcom or phone call to your waitlist manager (if applicable). If you have plans to be on or near campus, for instance, send a quick email to alert your waitlist manager (or whoever you may have interacted with on the adcom) to this fact. In many cases, you’ll find that the adcom will even invite you to stop by for a friendly chat about your candidacy—something that can go a long way towards helping your case. Beyond a visit, sending a brief update every few weeks or so is another way to reaffirm your interest in the school and keep you fresh in the minds of the adcom—something that could work to your advantage in a discussion of which candidates to admit from the waitlist. In all cases, it is important to remember that there is a fine line between persistence and pestering, so use good judgment!
Letters of support.
If, during the admissions process, you have interacted with students or alumni of the program, it may be worth reaching back out to these individuals and updating them on your status. Assuming you have made a positive impression during the admissions cycle, they may be willing to provide an additional letter of support for your candidacy at this stage of the process.
Have a contingency plan.
While it’s important to be consistent and enthusiastic when waitlisted and communicate with staff at your target program, it’s also wise to have a backup plan. With the Round 2 deadlines for several top programs a little over a month away, there’s still time to put together a solid application to another school. Even if you’re waitlisted at the school of your dreams and intend to reapply if not admitted, it’s also never too early to start thinking about the coming year and what steps you might take to enhance your candidacy before next fall.
Good luck to everyone waiting to receive decisions over the next few weeks!
This article has been edited and republished with permissions from Clear Admit.
Admissions Tip: Top 5 MBA Interview Questions
Interviews, interviews, interviews … it’s all anyone seems to be talking about these days, and with good reason. Wharton is scheduled to release its interview decisions tomorrow, Harvard Business School has already sent its invitations out, as have many other top schools.
Instead of driving yourself crazy with worry, why not buckle down and perfect your answers to the questions you are most likely to be asked? To help you prepare, Clear Admit has prepared Interview Guides and Interview Archive to compile its very own Top Five list of the questions that most often make their way into MBA admissions interviews at leading schools.
While these refer primarily to questions asked as part of blind interviews, they can certainly also come up as part of non-blind interviews. In those cases, you’ll want to be prepared to go deeper into some of the specific experiences you shared in your application. For a quick refresher on the difference between blind and non-blind interviews, click here.
For detailed insights into each school’s interview process, the questions they ask, and how to tackle those questions, access Clear Admit’s Interview Guides.
Top Five MBA Admissions Interview Questions
Walk me through your résumé.
The real trick with answering this open-ended question is to gauge how much detail is too much. Imposing a structure can help. “It’s best to err on the side of brevity,” says Alex Brown, who asked this very question of many hopeful Wharton applicants during his time working in admissions at the Philadelphia school. “Think of this résumé walk-through as simply laying the groundwork for deeper discussion of your background and accomplishments.” A good idea is to develop a two- to three-minute run-through, beginning with where you grew up and went to college, what you studied and perhaps something you enjoy outside of work. Then move into a concise overview of your work experience, beginning with your first job and continuing to present day, making sure to explain why you made the choices you did and what you learned in each major role. “This kind of high-level overview gives your interviewer the perfect opportunity to ask for more detail about specific points if she wants it,” Brown says. If you have a gap of three or more months due to unemployment or some other cause, you should be prepared to address it, Brown warns, although in a short résumé question as part of the interview, it may not come up.
What are your career goals?
With any luck, you will already have a well-honed response to this question, developed and refined as part of the process of writing your application essays. “If you are looking to shift industry or function, this is your chance to explain your reasoning and that you have carefully thought through what may be involved in successfully making the transition,” Brown says. Keep in mind why the adcom is asking this question, Brown suggests. “They want to know how focused you are on the MBA and whether you are in a position to take advantage of the resources business school offers or at risk of getting overwhelmed,” he says. Present a very clear post-MBA goal, Brown recommends. “Schools prefer to admit students who can explain exactly what kind of job they want to pursue beyond graduation and articulate how it will set them up to obtain their long-term career objectives,” he says. Schools are also looking, with this question, to see if your goals make sense and are feasible in light of your past experiences; are you able to articulate a clear path and plan?
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Why X school?
Here, schools want to see if you have really done your research on their program and whether you are a good fit with their culture. So, do your research. “I recommend a three-pronged approach to make a truly compelling case for your interest in a given school,” Brown says. Start with academics, he says, naming specific courses and professors that you are interested in. “Remember, your interviewer wants to see that you have really researched the school.” Second, mention specific clubs, conferences and other special programs that will help position you for your career goals. “Even better, show how you would contribute to the school community, such as by organizing an event to share specific knowledge you bring with your future classmates,” Brown suggests. Third, show that you have a good understanding of the school’s community, culture, class size and location and have thought about how these fit with your personality, goals and background. “If you have visited campus or talked with current students or alumni—definitely say so, lead with this.” Brown stresses. “Beyond showing that you’ve invested time in getting to know the school, this also helps your interviewer have a mental picture of you on campus.” he says.
Give us an example of a time you took a leadership role.
The way interviewers ask this question can vary—sometimes you’ll be asked directly about your most notable leadership experience and other times you’ll be invited to describe your general leadership style. “It’s important to keep a few basic principles about leadership in mind,” Brown says. “A leader is someone who has a strong vision or point of view and is able to see things others are not,” he continues. A leader must also have excellent communication skills. Choose an example that demonstrates these points. An ideal leadership example will describe a time when you negotiated with and persuaded key stakeholders, such as clients or a supervisor, to buy into your vision and then delegated the work and managed colleagues or juniors. “If you encountered obstacles along the way, share how you dealt with them,” Brown says. “If possible, you should also show success through quantified results,” he adds. As important as a successful outcome is demonstrating how you drew on the help of others where necessary. “No one is successful on their own,” Brown says. Show that you understand that strong leadership means teamwork and playing well with others, he says.
Tell us about a time you failed.
As tempting as it may be to say that you’ve never failed at anything…that is not what that adcom is looking for here. “In fact, this is a favorite question for those who appear to be ‘rock stars’ on paper,” Brown says. But rock stars make mistakes, and having an example in your back pocket of a time things did not go according to plan can show humility as well as your capacity to learn and grow. “The best answer to this type of question ends with a more recent experience where you took the lesson you learned from the failure and put it into play, affecting a better outcome.” he says.
These five questions certainly don’t cover everything your interviewer is likely to ask you, but they do touch upon some of the things you’re most likely to be called upon to share as part of your MBA admissions interview. You can take some of the anxiety out of the interview process by giving each one some thought, drawing on some relevant experiences from your past, and practicing the responses you would give. Don’t practice too much so that you appear overly rehearsed—since it’s important to seem both authentic and genuine—but prepare enough so that you’ll be ready to truly put your best self forward.
This article has been edited and republished with permissions from Clear Admit.
Zipcar Founder and MIT Sloan Grad Robin Chase Offers Entrepreneur Advice
Last month, Zipcar founder and “Peers Inc” author Robin Chase, ‘86, spoke at MIT Sloan‘s Women in Management’s Push for Parity Week, offering three incredibly valuable lessons to those in attendance.
