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留学参考:The Round 2 MBA Rollercoaster  

2017-03-27 02:19:06|  分类: DIY留学综合信息 |  标签: |举报 |字号 订阅

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留学参考:The Round 2 MBA Rollercoaster


 
BY: BY HEIDI HILLIS, FORTUNA ADMISSIONS ON MARCH 24, 2017

 

Author Heidi Hillis is an MBA admissions consultant at Fortuna Admissions. A Stanford MBA (’98), her 24-year career in business has taken her across the globe. She has worked as a director of micro-finance for a non-profit in Russia, a management consultant for McKinsey & Co. in London, a senior product manager for a European e-commerce company, and a Finance director for a major South American telecommunications company. Most recently she helped launch an industrial minerals company in southern Chile.

 

 

This has been a big week for MBA applicants. Harvard, Booth, Kellogg, Yale, Darden, Cornell and other top schools have been sending out decisions to round 2 applicants, bringing joy to some and frustration or disappointment to others. For many candidates this can be the most nerve wracking time of the admissions cycle, as round 2 may be their last chance of securing a place this year. Even good news brings its challenges, as many of our clients have received offers from several schools and now need to decide which offer to accept.

So what’s your situation? Maybe you’ve just received a great scholarship – but not from your top choice program. Maybe you face a decision about sticking it out on the waitlist or take an offer from your safety school…or no offer at all as the notification deadlines slip quietly past.

With so many possible outcomes, this is a good time to look at each of them and share some insider advice from Fortuna’s team of former admissions officers. We’ve spent the week celebrating an amazing spread of offers from Boston to Berkeley, and talking with applicants who face an array of life-changing decisions. I asked five of my colleagues for their best advice on five of the most common scenarios we encounter in the wake of Round 2 decisions:

Scenario #1: You landed competing offers from two of your dream schools. How to choose? 

“This, of course, is the best kind of problem to have,” says Fortuna’s Malvina Miller Complainville, former Assistant Director of Career Services at Harvard Business School. While it’s a rare and enviable position, the decision can feel agonizing.”

If you’re facing offers from two (or more) dream schools, Malvina’s advice is to set aside the rankings and let it get personal. Create your decision-making filter with five key factors:

  • Compare your cultural fit with each school: Visit the campus, sit in on a class to feel a vibe for the student body and get a sense of the faculty teaching style. Most importantly, speak to students, professors and alumni about their experience. It’s the best way to really experience the personality and cultural nuances of each school.
  • Consider the financial implications: Is one school offering greater scholarship opportunities or other aid that will lessen the financial burden?
  • Understand each school’s career offerings: Speak to career clubs about opportunities and events and learn which companies are recruiting on campus. Study career statistics and explore the opportunities that may be on offer for you post-MBA.
  • Think about brand recognition: How might a school’s reputation and strengths, as well as the experiences and networks it provides, position you to achieve your career goals? For international careers, look into the strength of the school’s brand abroad.
  • Evaluate the alumni network: How developed is the alumni community? This is especially important if pursuing a network job search abroad.

Scenario #2: Waitlisted. What do you do next?

“To maximize your chances of getting a confirmed offer, there are a few immediate actions you can take to boost your standing,” says Fortuna’s Caroline Diarte Edwards, former head of Admissions at INSEAD:

  • Confirm to the school that you accept a spot on the waitlist, and reiterate your commitment to the program. Keep your tone positive, without a hint of disappointment (or worse, resentment).
  • Stay in touch with the school regularly – without getting a reputation as a pest in the admissions office. Getting in touch every 3-4 weeks is good. Reiterate your strong motivation, at the minimum, and if you have a useful update on your profile to share, present that also. Personal touches help to keep you on their radar screen and build a positive impression, so balance emails with the occasional phone call.
  • Get an additional letter of support, if possible, from someone who is a member of the school community who can speak to your fit with the program. A one-page email is sufficient – it doesn’t have to be as formal as the official recommendations that the school has received already. But don’t inundate the admissions office with additional letters – this can backfire and harm your reputation.
  • Send an update on your situation to your alumni interviewers (if indeed you interviewed with alumni), and ask for any feedback and suggestions. While they may not be able to tell you “why” (and they may not know), they can offer some insights about your discussion and their sense of your fit with the school.

“Also, think about next steps –  if you haven’t got a plan B, now is the time to start figuring it out,” adds Caroline. “If you don’t get a confirmed offer – and be aware that most waitlisted candidates don’t – should you reapply to the same school? Other schools? As you think about next steps, begin identifying ways to strengthen your profile over the coming year to increase your chances of success next time around.”

 

Scenario #3: Still no offers in R2. How do you prepare for R3?

“I saw many amazing, highly qualified candidates apply in Round 3,” says Fortuna’s Jessica Chung,former Associate Director at UCLA Anderson. “But the reality was there simply wasn’t enough space to admit them all. The ones who did stand out, and made an impressive case, were those who portrayed a genuine and authentic enthusiasm for the school and took time to strategically include unique aspects of their backgrounds, experiences and personal qualities that can enhance the Anderson community.”

The biggest caution Jessica has for R3 candidates is avoiding a hasty application. “It was quite obvious when applicants made the mistake of rushing the application, as they failed to articulate more than superficial knowledge of our program and their motivations for pursuing an MBA at Anderson.” Here are her top tips for R3 success:

  • Don’t get too hung up on rankings; now is the time to do your research and compile a list of schools that have other desirable qualities you’re looking for – like location, employment stats, alumni network, etc. – but weren’t necessarily on your short list before.
  • Start engaging the schools’ admissions offices or student ambassadors ASAP, and attend a campus visit if possible.
  • Contact current students with whom you share similar backgrounds and/or goals for informational interviews, especially if you can’t visit campus.
  • When putting together your application materials, take a fresh look at your overall narrative and see what distinctive experiences you can emphasize in your essays.

“By round 3, many schools are looking to round out the class to enhance diversity,” says Jessica, “So emphasizing your unique qualities and characteristics can help you to stand out if you come from a more traditional pre-MBA background.”

Scenario #4: Accepted to your safety school. Take the offer, or reapply again next year?

“I think that it matters what you considered a safety school,” says Fortuna’s Judith Silverman Hodara, former head of Admissions at Wharton. “I had client this year who got into Booth, and his bosses are telling him he should hold out for GSB and HBS. Given his profile, I advised that he should take Booth. Why? In all honesty, he would never really know what had kept him out of GSB and HBS, and, as they say, a bird in hand in this case was well worth it.”

“It’s different if you suspect your application wasn’t good enough or that you didn’t give it your best effort,” says Judith. “Maybe you realize an additional year of work experience or leadership could make a difference. Or you might feel you got into your safety school too easily, and that it’s not as worthy because you didn’t have to struggle.”

While each situation is distinct, Judith proposes the following questions for reflection:

  • Will that second choice school give you what you want and need in terms of community, network and career progression?
  • Will you always be thinking you should be somewhere else?
  • Do you think what you wrote or communicated was found lacking, as opposed to the more quant-driven factors in admission?
  • Is the ROI of taking the offer you have already better or worse than the ROI of a possibly unknown better offer, with no guarantee?
  • What are the pros and cons of taking on another year of the application process – another year delaying your career track progression or switch, and another year with more experience (which isn’t always strategic for schools who favor candidates earlier in their careers)?
  • While re-applicants are certainly welcomed and encouraged, how will you enhance your story in the coming year? What will have changed since you last applied?
  • Are you willing to re-examine everything?

“At the end of the day, I like to tell students to flip a coin on the answer: Not to do what the coin says, but gut-check how you feel about the outcome,” says Judith. “This can tell you a lot about how to proceed.”

Scenario #5: You’ve won a scholarship, but not from your dream school. Should you take it? 

“Business school is a huge investment, so when you receive a scholarship – even when it’s not from your first-choice school – it’s obviously something to take seriously,” says Fortuna’s Catherine Tuttle, former Associate Program Director at Duke Fuqua.

According to Catherine, you can tell your top choice school you have money on the table somewhere else when this happens. While this doesn’t guarantee a counter-offer, here’s her advice on optimizing your chances:

  • Have a clear strategy and practice your approach; be clear about why you want to be at your top choice school and be clear you’re open to a conversation.
  • Make sure you follow the school’s protocol and provide all the necessary information to the right people.
  • Be humble; this is a human process and people advocate for individuals they believe are taking their needs into consideration; if you come across as arrogant or demanding, it’s likely your request gets denied.

“And if your top choice school can’t provide additional funds, at this point, school culture should play a huge part in your decision,” says Catherine. “Whether you go with the scholarship opportunity or not, you want to be confident your chosen school is the right fit from an academic, career and cultural standpoint.”

 

 

以上内容摘自:

http://poetsandquants.com/2017/03/24/round-2-rollercoaster-five-common-scenarios/

 

 

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