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2009年7月份,我给一个老朋友(Simon FT-MBA,2010春季班)为申请MBA而写的Essay提了几点比较关键的修改建议。后来,她成功拿到Simon的Offer。再后来,她建议我做留学DIY咨询方面的工作,并向我介绍了我的第一个客户。最终,我的第一个客户也成功拿到几个TOP16商学院的面试并顺利拿到Duke Fuqua商学院MBA的录取。 本人毕业于上海复旦大学管理学院国际企业管理系,属于商科科班出身并且做过管理工作、有领导经验的人士。

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留学参考:Waitlisted At Five Schools. Then, Finally A ‘Yes’  

2017-05-11 01:48:42|  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:Waitlisted At Five Schools. Then, Finally A ‘Yes’
 

BY: MARC ETHIER ON MAY 10, 2017

 

 

Nobody is a sure thing when it comes to getting into the top MBA programs. Some of the best applicants on paper are deemed a poor “fit” by gatekeepers and “good-lucked” out the door. But one way or another, Yansong Pang was going to attend an elite business school this fall. He just had to be more patient than he anticipated to find out where.

Pang had scholarship offers from three top schools. But he’d applied to nine schools total, and five of the others, incredibly, had waitlisted him. Worst of all, he couldn’t figure out why: He’d nailed his interviews, and his CV is wide and deep. An analyst who has led research for individuals and families with tens of millions of dollars in equity exposure, he’s also currently president of two nonprofits, one he founded and another with more than 4,000 members worldwide.

Not enough? Pang earned his undergraduate degree magna cum laude. He scored a 740 on the General Management Admission Test and a 330 on the Graduate Record Examination, both higher than the averages at any of the M7 schools. He’s an accomplished public speaker. And he has huge ambitions in finance, with many of the connections already to realize them.

NOBODY WANTS TO BE WAITLISTED

Pang, 25, had every reason to expect that he would be able to choose from among the schools he’d applied to. Then, one after another, the waitlist notices rolled in — from Harvard Business School, Stanford Graduate School of Business, London Business School, the Wharton School at the University of Pennsylvania, and Duke University’s Fuqua School of Business. So it was waiting time.

“It was tough,” Pang tells Poets&Quants. “I think my situation, with so many waitlists, may be unique. It’s not where I thought I would be.”

It’s fair to say, the waitlist is not where any MBA applicant wants to be. It’s better than outright rejection, but available data on how many waitlisters get accepted offers a bleak picture. According to statistics from GMAT Club, an online community for information sharing on the B-school application process, those who have been waitlisted face steep odds.

Source: GMAT Club user data

FOR WAITLISTED CANDIDATES, AN ALL-AROUND GRIM PICTURE

Though it’s a small, self-reported sample size, GMAT Club’s Class of 2018 waitlist results offer a grim picture. Of the M7 schools, MIT’s Sloan School of Management offers the most hope, with 21% of waitlisters getting the answer they want; Stanford GSB is the worst, with zero love for those in limbo. (Stanford also has the stingiest overall acceptance rate, at just over 6%.) Admissions consultants who have talked with Poets&Quants corroborate the basic facts, with Harvard Business School, for example, only accepting between 5% and 15% of those who are initially waitlisted.

On the flip side, a few top schools let in a lot of waitlisters. Leading the way is UNC’s Kenan-Flagler School of Business, which GMAT Club reported having a remarkable 46% acceptance rate for Class of 2018 waitlisters. Washington University’s Olin Business School was high up there, too, at 30%. Again, small sample. But it gives applicants a good idea of just how much hope they should have.

Pang, a native of Wuhan, the largest city in China’s interior, graduated early with top honors and awards from Carleton College in Northfield, Minnesota. Then he took his double-major bachelor’s degree in mathematics/statistics and psychology to confront what he considered a necessary series of early-career challenges. He wanted a wide range of experiences to show to MBA admissions folks — because he’s always known B-school was in his future.

CHECKING ALL THE BOXES

First, to get experience in strategy and consulting, Pang went to work for a Chicago firm learning product development strategies for Fortune 500 companies in Chinese, Russian, Latin-American, and North-American markets. Check that box. Then he wanted to bolster his knowledge of research, so he joined a Minneapolis investment advisory company as an analyst, working for the former chief regulator of securities of Minnesota. All the while, he says, “on the side” he was developing U.S. connections and strategies for his family’s automotive radiator manufacturing business in China. Check, check.

Aside from professional pursuits, Pang has served since mid-2016 as the president of Global China Connection, a nonprofit for students and young professionals to “engage in China’s emergence.” GCC, a partner of China Europe International Business School (CEIBS), has more than 4,500 active members and 20,000 alumni and is present on over 70 campuses worldwide. Meanwhile, Pang continues to serve as president for a group he founded in college, Chinese Professionals in Minnesota, a 400-member networking platform that is operated through WeChat and LinkedIn.

He’s a chartered financial analyst with the CFA Institute. He has coached women’s college volleyball. And he is an accomplished pianist and singer who can play a major venue one day and busk from street corners around town the next.

Check, check, check. So what was Pang missing when he ended up on the waitlist at five schools after round 1?

GOOD TO HAVE OPTIONS

“I didn’t feel that I was missing anything,” Pang says. “Perhaps the competition was especially stiff this year.” In fact, the overrepresented numbers of Chinese candidates in applicant pools probably hurt his chances. It’s a known fact that Chinese and Indian applicants who effectively compete against each other for admission have to meet significantly higher hurdles to gain an admit. One prominent MBA admissions consultant in Beijing urges his Chinese clients to keep taking the GMAT until they are in the 98th or 99th percentile of test takers, or between 750 and 800, the highest score achievable.

Pang’s resume may have helped him overcome that issue because, after all, he had options. Even if he got dinged by all five waitlist schools, Pang had scholarship offers from three more. The University of California-Berkeley Haas School of Business had offered him $50,000, and Cornell University’s Johnson Graduate School of Management had offered him a partial scholarship, too. MIT’s Asia School of Business, in Kuala Lumpur, Malaysia, had offered him a free ride.

If nothing changed, Pang says, he probably would’ve chosen Haas. That would have kept him on the path he set for himself in childhood. “Originally, before I came to the U.S. for college at 18, I knew eventually I was going to get an MBA, because that’s what I and my parents had in mind,” he says. “I went to a liberal arts college to really gain the fundamentals for the business world — I studied psychology and math, so it’s like soft skills and hard skills, people skills and data skills. And after that I wanted to gain exposure to industries, so that’s why I went into strategy consulting, and then I wanted to gain finance, so I switched to finance.

“Eventually I want to become a COO at a multinational company. That’s my dream since I was a kid and I’ve been working towards that. I knew I was going to get an MBA but I didn’t know how I was going to get there. A liberal arts education equipped me with a lot of skills, but it doesn’t necessarily guide you to a path. So every step I took after college was purposeful.”

THE GOOD NEWS, AND A HARD DECISION

The good news came in early April. Wharton — a school that accepted an estimated 7% of waitlisters in 2016 — said yes. Yansong Pang had been accepted to his “dream school.”

But going to Wharton meant saying no to Haas, which turned out to be tougher decision than he expected.

“Wharton was my dream school when I applied for undergrad, but I didn’t get the chance to apply because I was early-decisioned to Carleton College and didn’t apply to any other school,” Pang says. “So this time I made sure (that) I leave no regret and see where I could get into if I try. Wharton also has a San Francisco campus that’s just near Haas, so I thought if I enroll in Wharton I would get connections both from Haas and from the East Coast. However, it was a very, very difficult decision because everyone I met at Haas is so awesome and helpful, Haas is so much fun, and the location of Haas is hard to turn down, especially considering after graduation I’d like to relocate to the Bay Area.”

In the end, Wharton’s name recognition abroad — Pang is undecided on a return to China after graduation — was the deciding factor.

“On the other side, the internationally recognizable Wharton brand — also the No. 1 ranking, being arguably the best business school; the other matching school for me would be HBS — for me is more important and will probably generate more return on investment in the long run. Honestly, if I decide to stay in the U.S., Wharton and Haas probably makes no difference for me; however, internationally Wharton is slightly better known than Haas.”

A CHINESE SAYING OFFERS COMFORT

After he chose Wharton, Pang heard back from HBS: It was a no. And he heard from Stanford: Another no. Then he heard from Duke: No again. He still hasn’t heard from LBS. But he isn’t waiting anymore.

He’s going traveling, first with his parents around the U.S., and then by himself for a while. “I love to travel,” Pang says. “I want to think about what I want to do after the MBA, because I think once I get started, it will go really fast.”

And his advice to applicants who find themselves in his situation?

“There is Chinese saying that ‘You will walk across the bridge when you walk to it,’ meaning everything will be OK at the end,” Pang says. “I guess just don’t lose hope, because being on the waitlist already means you are competing with a smaller group of people. If you didn’t get in, it’s only their loss.”

 

 

以上内容摘自:

http://poetsandquants.com/2017/05/10/waitlisted-five-schools-finally-yes/

 

 

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