Admissions Tip: Volunteer Experience
It’s the time of year when MBA applicants aiming for fall 2018 intake are beginning to think about the admissions process, which is why we wanted to focus this week’s admissions tip on one element of the application that candidates often underestimate: volunteer experience.
In order to understand why this category is important, candidates should keep in mind that the adcom is responsible for crafting a dynamic class each year. The aim is to admit individuals who will support a vibrant campus community and step into leadership positions. In other words, as admissions officers consider each applicant, they ask themselves “what’s in it for our school?” An applicant who has previously demonstrated a talent for writing, for example, by contributing to a nonprofit’s newsletter, will really catch the adcom’s attention if she also expresses her intent to contribute to a specific publication on campus.
Schools are also interested in admitting well-rounded candidates, not simply candidates that have performed well at work and in their academics, but have expanded their involvement in other activities. They seek students with good values and those who volunteer in their community demonstrate their good citizenship.
Volunteering is of course a great way to expand one’s extracurricular involvement. While, many applicants participate in the occasional fundraising walk or an annual corporate outreach day; those who demonstrate ongoing involvement in one cause or organization will be of special interest to the admissions committee, especially if it is related to their current or future career. A candidate who has contributed over a longer period is likely to have developed his or her responsibilities beyond ladling soup or stuffing envelopes. What’s more, this can be a particularly important opportunity for applicants who are currently living and working outside of their home countries; for example, an Indian applicant who works and volunteers in Africa will stand out as being particularly engaged and well adapted to his or her foreign environment.
It is also important to be involved in something about which you are passionate. Passion will help in a couple of ways, it will mean that you will commit more time to the endeavor, it will also mean that you will be more likely to take on a leadership role. Thus, if you are passionate about animal welfare then volunteering at an animal shelter, or lobbying in Washington, DC to help shape future legislation, will be far more interesting to the adcom than if you intermittently volunteer at a soup kitchen.
Candidates who are older or younger than the average applicant should recognize that their extracurricular involvement is particularly important. A younger applicant who lacks leadership responsibilities at work might demonstrate his talent for motivating others outside of the office. Meanwhile, older applicants can use their extracurricular involvement to reassure the adcom that, despite family responsibilities or distance in age from one’s classmates, the broader life of the community remains important to them.
The majority of candidates who apply to top schools are admissible, they have good work experience and strong academic numbers. Oftentimes it is what they do during their volunteer experiences and extra-curricular activities that help separate strong applicants. If you feel this aspect of your candidacy is relatively weak, then increase your involvement now. While it is never too late, you should also recognize that the adcom will be skeptical of a candidate who has no tradition for volunteering, but starts 6 months before the application is due. Remember that it is important that your volunteer work appears to be genuine.
Lastly, applicants will have a much easier time writing their application essays if they have a variety of experiences from which to draw. While applicants can certainly respond to most essay prompts by reflecting on their professional experiences, relying exclusively on one’s work is a mistake. With each essay, the applicant should aim to share a different side of him or herself—submitting five essays about electrical engineering or investment banking is not the most effective way to do this.
We hope that this sheds some light on the opportunities and value that activities outside of work provide with respect to one’s b-school candidacy and applications.
This article has been edited and republished with permissions from Clear Admit.
MBA Admissions Tip: Going Beyond School Websites
As the 2016-17 MBA application season draws to a close, we now turn our attention towards admissions advice for those targeting 2018 entrance to business school. To celebrate this move, we are hosting a series of 10 chats that will be hosted on alternating Wednesdays at 10 a.m., beginning this Wednesday, May 10th. In the meantime, for today’s admissions tip, we focus on how to reach out to the b-schools in which you are interested beyond just visiting the school websites.
Communicating with b-school insiders can be beneficial for a number of reasons: In addition to researching a business school and your potential fit, you’ll also generate material for your essays, demonstrate your interest in the program, and perhaps even make an ally or two. In your efforts to go beyond the schools’ websites and promotional materials, we recommend reaching out to individuals in a few key groups:
Current Students
People who are currently enrolled in a given program can obviously provide the clearest picture of the present state of the school community. They are often more capable of evoking their school’s overall culture than brochures put out by the admissions offices and can describe to prospective students the ins and outs of academic and extracurricular options. In addition to reaching out to friends and acquaintances who are studying at a given school, it’s also wise to get in touch with the leaders of clubs and programs in which you are interested (their contact information is generally available through the website). This will help you to understand the impact you could make while on campus and provide a sounding board for the ideas you plan to share with a certain student group or organization.
Alumni
While students offer a great view of the program itself, a school’s alumni can often provide the best perspective on just how far an MBA from a given program can get you in a certain field. Meeting with alumni working in your target post-MBA industry (tracking them down either through your own network or school-sponsored events) may help you anticipate the program’s strengths and weaknesses in setting you on the right professional course. You might also gain some valuable insight that will help you to refine your career goals and better understand what short-term position would best prepare you for your long-term plan.
Faculty
The professors at business school tend to be a bit less accessible than students and alumni, but if you’ve identified someone whose research interests match yours or sat in on a class that you found particularly intriguing, there’s no harm in sending a note to let the faculty member know that you find his or her work appealing and would like to speak if possible. The individuals responsible for designing and teaching the curriculum can offer great insight into the specific skills and lessons you would learn from one class to the next and help you to refine your understanding of the ways that an MBA would bridge the gap between your current skills and those you will need to achieve your goals.
Aspirants to the Class of 2020 should consider each of these options in the months ahead. Not only are many individuals quite pleased to discuss their experiences with prospective students, admissions committees also like thoroughly informed applicants (of course in all cases, patience and manners are of great importance).
For more tailored guidance on what sort of programs you might consider, please fill out this form for a free initial consultation with our partners over at Veritas Prep. As experts in the field for more than a decade, Veritas Prep is uniquely equipped to help you become a ‘Clear Admit’ at your dream school. Also, consider reading the Clear Admit School Guides. If you’re just getting started, save time navigating schools’ websites by downloading our free School Snapshots for objective overviews of top programs.
This article has been edited and republished with permissions from Clear Admit.
Admissions Tip: Welcome Weekends
It’s April, which means that the majority of leading programs will be hosting business school welcome weekends for those candidates that they have admitted during their first two admissions rounds. These “sell” weekends are very important for the schools as part of their push to encourage those that they have admitted to enroll. They know that many of their admitted students have options to go elsewhere, or are now considering the financial aspects of the program and concerned as to whether it is an economically viable option.
If you were fortunate enough to gain admissions to an elite MBA program, this post is for you. We explain the importance of attending welcome weekends and what you should want to learn.
What If You Were Waitlisted? Here’s How You Should Proceed
In the last week few weeks we saw multiple decision releases from the schools we covered on MetroMBA and Clear Admit. The MBA LiveWire on Clear Admit has captured a lot of this news and many candidates have already been reporting that they’ve been waitlisted.
We have some guidance for candidates who find themselves placed on a waitlist, but before we get to that, let’s look first at why schools use a waitlist.
First and foremost, while schools now know the quality of their Round 1 matriculants and Round 2 applicants, they do not know how many of the candidates admitted as part of Round 2 will ultimately enroll, nor the number of outstanding candidates in Round 3. Simply put, the waitlist helps schools manage these unknowns to arrive at the strongest possible class come fall. Some schools will be concerned that other schools may need to admit candidates from their waitlists in the next few months, which will have a “knock on” impact, and mean they will have to also go to their waitlists. The goal of the school is, after all, to admit the best overall class, regardless of when someone applies.
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.
Six Tips for After Being Waitlisted
If you find yourself on the waitlist, don’t lose hope. Some top programs admit a number of individuals from the waitlist in Round 3 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:
- Better options, time to move on
Many candidates that are placed on the waitlist for Round 2 have actually received admissions decisions at other schools, some of which may be preferred options. If this is you, then it is an easy decision; alert the school that you are declining their waitlist offer and moving on. While some candidates may be tempted to remain on the waitlist just to see what the final outcome might be, this will only harm your fellow applicants who need a spot from the waitlist.
- 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, 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. Many waitlisted candidates will have admissions to other schools to which they might plan to attend if not accepted from the waitlist of their preferred 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.
For valuable guidance about being on the waitlist, check out the Clear Admit Waitlist Guide. This guide will teach you to understand the ground rules of a program’s waitlist policy, formulate a plan to address weaknesses in your candidacy, craft effective communications to the admissions committee and explore every opportunity to boost your chances of acceptance. This 23-page PDF file, which includes school-specific waitlist policies and sample communication materials, is available for immediate download.
This article has been edited and republished with permissions from Clear Admit.
Applying for an MBA During Undergrad: Schools Step Up
Deciding to attend business school isn’t a spur of the moment decision. For most applicants, it’s a choice made after months, if not years, of research and consideration following their undergrad degree. And, according to the 2016 MBA.com Prospective Students Survey by the Graduate Management Admission Council (GMAC), these considerations can begin quite early for some prospective MBA students.
The survey found that on average, millennials apply to graduate management programs within 14 months of considering such degrees – a significantly shorter timeline than members of Generation X (21 months). Further, the 2016 Application Trends Survey Report found that 46 percent of full-time MBA programs target undergrad students in their outreach efforts. With more applicants applying to business school relatively early in their careers, a number of leading business schools are offering pre-business programs for college students considering an MBA.
Pre-MBA Business Programs
The Tech Summer Institute at the Anderson School of Management is a six-week program for UCLA undergraduate students who are interested in business careers. With a combined focus on the tech industry and management, the program aims to help students more clearly envision what their future careers could look like.
Students in the program have the opportunity to learn from instructors with backgrounds as directors, consultants and CEOs, strengthen their teamwork and presentation skills through group programs and company visits, and learn from HBS case studies detailing solutions to real-word business problems. Participants are also able to learn about the graduate experience from a panel of Anderson MBA students.
During the program, students live on campus in summer housing. Students have a choice between two tracks:
- Track 1—Communication and Persuasion for Future Leaders in Technology: for students most interested in developing their communication skills across oral and written platforms.
- Track 2—Data Management and Analytics, Big and Small Data: for students interested in learning how to interpret and analyze data to make sound business decisions.
“Overall, I really enjoyed this program and found it extremely rewarding,” said Grace Nguyen, a Psychology major. “Not only was I introduced to a variety of business concepts, but I was able to fully understand how business and technology interact. This program has provided me with tools, which I will carry with me into my career.”
UCLA Anderson isn’t the only school with a business prep program for undergraduate students. Stanford University’s Graduate School of Business offers a similar opportunity with their Stanford MBA Future Leaders Program. This three-day program aims to introduce college students from a diverse set of backgrounds and schools to the benefits of an MBA education and post-MBA career opportunities. Students in the program live on campus, participate in a case study, visit top companies in the Bay Area, and attend an MBA Bootcamp. The reasoning behind the program is simple: exposure.
“I certainly believe that many people only aspire to what they have been exposed to,” Simone Hill, a Stanford MBA admissions officer and the program’s staff director told Clear Admit. “It is hard for someone to be a computer software engineer if they don’t know what a computer software engineer is. We believe the exact same thing in terms of people thinking about an MBA and, specifically, a Stanford MBA.”
Finally, the Tuck School of Business at Dartmouth College has a unique Business Bridge Program. While more than half of 2016 participants were rising juniors and seniors, this program is also open to recent graduates and other professionals.
The program is offered three times a year — twice over the summer and once during the winter — and is three to four weeks long, depending on the session. It’s meant to give students with humanities, STEM, and social science backgrounds an opportunity to gain a competitive edge by learning fundamental business skills.
Tuck Bridge participants live on campus for an immersive experience similar to the Tuck MBA. After the Bridge Program, attendees go onto careers in business, and some return to Tuck to earn their MBAs.
“Bridge helped me realize that an MBA program would be an important part of my career development, and that Tuck was where I wanted to make that happen,” said Daniel Torres, Bridge ’07 & Tuck ’11, Senior Financial Analyst at Wizards of the Coast. “Everything that impressed me about the school during Bridge has held true in the full-time MBA program.”
Deferred Admissions Programs
Deferred admissions programs are another option for undergraduate students thinking about applying for an MBA. These programs offer a safety net of sorts by allowing undergraduates to apply for an MBA program while still in college, but then to defer their actual enrollment until they’ve completed a year or two of work.
Two such programs are Harvard Business School’s 2+2 Program and the University of Virginia’s Darden School of Business Future Year Admissions Program.
The Harvard 2+2 Program is a deferred admissions process for current undergraduate students or students enrolled in a full-time masters program. Upon graduation, students admitted into the 2+2 Program spend a minimum of two years working in a professional position, and then begin the two-year HBS MBA program after they’ve gained the required real-world experience.
“Having the flexibility to try out a career path, knowing you have already been admitted to business school, is a fortunate place to be,” Stephanie Kaplan, a 2+2 participant told U.S. News. “It gives you the freedom to take risks, without much risk at all, since the worst thing that happens is that your current venture flops and then you enroll in Harvard Business School.”
The Future Year Admissions Program at the Darden School is similar to 2+2 at HBS. Students are accepted into the Darden MBA program either during the final year of their undergrad or Master’s. Then, they go on to complete two, three, or four years of professional work experience before enrolling. It’s a more flexibly timed program where students only have to plan to embark on their MBA in “a future year.”
Many Paths to an MBA
Each of these programs aims to support students in acquiring the skills and information they need to make the most of the MBA experience. Between summer primer courses for undergraduates and deferred admissions programs, business schools are responding to college student interest in graduate management education.
If you’re a college student or recent grad thinking about an MBA, check out our blog post for some advice: “Admissions Tip: Applying to Business School as a Younger Applicant.”
Financing Your MBA, Part 4
In our previous post on financing your MBA, we covered loan programs for MBA students from the United States. Today, in Financing Your MBA, Part 4, we’ll take a look at loans through the lens of international students. These applicants may face some different restrictions but are also eligible for special programs tailored to their unique requirements.
By law, federal loans can only be distributed to U.S. citizens or permanent residents. This means that international students must put extra work into finding financial aid and loan programs to support their education if they choose to pursue a U.S. MBA program.
International students should research their own countries’ options for financing studies abroad, and schools’ financial aid offices are also useful resources in this regard. For instance, MIT Sloan lists 16 scholarships or fellowships geared towards international students.
Private Lenders for International Students
International students can also consider U.S.-based private loans, but they should recognize that many of these loan programs require a U.S. co-signer. Understanding that this can prove a hardship for those without a U.S. connection, some schools offer internal options for international students. For instance, Harvard Business School has partnered with the Harvard University Employees Credit Union to offer private educational loans that do not require a U.S. co-signer. NYU Stern also features a list on its website of loan providers that don’t require international students to have a U.S. co-signer. Consulting with your target schools’ financial aid offices is a great way to learn about available loan options.
International students should keep in mind that U.S. lenders are typically not allowed to issue loans to students from countries on the United States Treasury Department’s Office of Foreign Assets Control (OFAC) Sanctions list. The Treasury Department encourages prospective students to check this list with some regularity, as it is frequently updated.
Also addressing the need for non-co-signer loans, companies like Prodigy Finance have entered the market in recent years. Founded by INSEAD alumni who faced funding challenges themselves as international MBA students, Prodigy offers loans using an innovative community-financed model in which alumni, institutional investors and qualified private investors fund the next generation of MBA students.
This article has been edited and republished with permissions from Clear Admit.
