The 10 "Most Popular" Business Schools

March 31st, 2011

What makes a business school popular? A world-class brand, great recruiting opportunities, an extensive alumni network? And how do you measure a school’s popularity in the first place?

U.S News endeavored to answer these and other questions in a recent article about business school popularity, using each program’s yield (percentage of students who decided to attend) as their measure.

As expected, some familiar names such as Columbia, Ross, and Wharton are present. With a yield of 84.3 percent, Harvard edged out Stanford (at 79.7%) for the title of “most popular”:

“In 2010, the business school [Harvard], which ranked second in the 2012 Best Business Schools rankings, accepted 1,071 students and enrolled 903, putting the school’s yield at 84.3 percent.”

Here are some of the other big winners in the U.S News report:

  • With an acceptance rate of 81.9% (and a yield of 72.1%) the University of Kansas School of Business is one of the most popular programs at #7 on the U.S News list.
  • With an overall rank of 32, the Brigham Young University Marriott School of Management comes in at #5 with a yield of 75.4%.

Check out the full list here.

What does all this mean? The popularity list is in many ways arbitrary and more a measure of the extent to which prospective MBA students have already decided they will attend the program to which they are applying, if accepted (yield will obviously be higher if accepted students accept their offers to attend). It also means that some schools such as Columbia and Wharton which are ranked in the top 10 overall may be even more competitive than you expect if they are also popular. You should factor this into your admissions planning if you haven’t already.

 

 

 

 

Meet the Content Team: Christina Yu, Content Developer

March 31st, 2011

Some of our team members got jealous of all the Student Spotlight posts we’ve been doing, so we agreed to give them their own 15 minutes of fame. In this week’s Knewton Peeps post, check out Christina Yu, a rockstar member of the Content Team (and blogger extraordinaire).

Name:

Christina Yu

Position (and what you actually do):

I’m a Content Developer. I write blog posts and copy for the website as well as educational content for our math and verbal courses. I also run Knerd Week, maintain some of our social media interfaces and provide essay feedback to students through our academic support system. In the future, I’ll be working a sort of dual content/marketing role for our new APIs. I basically provide a “public face” for the APIs, and a point person for people who want to use them.

What were you up to before you came to Knewton?

I was an Adjunct Professor of English at Kean University and Southern Connecticut State. I’m also the founder and publisher of Cavalier (check it out at www.myliterarycouture.com), a nationally distributed print and online magazine featuring both established and emerging voices. I’m proud to say we’ve published winners and finalists of the Pulitzer Prize, the National Book Award, and the Yale Younger Poets Prize. Strangely enough, I was also working as a nightclub promoter (hey, I had to survive) at the same. The funny thing is that I was able to use the nightclub-promotion skills to plan events and fundraisers for my magazine.

What part of your job do you enjoy most, or what’s the one accomplishment you’re most proud of?

I love writing blog posts and working with social media! It’s so inherently fun, and I get to learn about the world and what people are doing out there. Sometimes it’s just pure wonder. A total immersion in humanness. I got to write a post recently about 7 social media tools to use in the classroom, and I felt like a kid with new toys!

What I like best about my job overall is that we’re encouraged to solve problems and figure out how to make things better, faster, etc. We’re encouraged to be entrepreneurial, roll up our sleeves, and make things happen. It can be frustrating to be a young person trapped in a bureaucratic organization where you feel like all your skills, creativity, and energy are going to waste. Knewton is not like that.

What are you working on now?

I’m wrapping my head around the Knewton APIs!

Any hobbies, secret quirks, or talents?

Well, I like to think of myself as a serious writer of literary fiction. My stories have been published in journals nationwide, including New Letters, Fence, Indiana Review, BOMB, New Delta Review, etc. I’ve written three books–a novel, a collection of short stories, and a collection of very short pieces. I like to relax by indulging in theater, dance, art museums, craft fairs, and used bookstores. I do not like to exercise!

What’s your favorite place or neighborhood in NYC?

Truthfully, I don’t have one. I like Soho, East Village, West Village, pretty much everywhere including cheesy tourist spots like Times Square. I like contrasts, plunging into different worlds.

MBA Admissions Tip: Waitlists That Discourage Supplemental Information

March 30th, 2011

This weekly MBA admissions tip comes from our friends at Clear Admit. For more expert advice, check out their blog.

We have previously posted some correspondence tips for those applicants who have been waitlisted by schools that welcome supplemental materials and communication. Today, we’d like to provide some advice to those who are in an arguably more difficult position: waitlisted by schools that discourage further contact with the adcom.

This may sound obvious, but if a school indicates that they do not want supplemental materials, then you should respect their guidelines. In other words, do not send along a new recommendation or an essay if the program has clearly indicated that you should not do so. There may be exceptions to this – for example, if a dramatic change has taken place in your candidacy – but in most cases, you should simply follow the rules.

While at first it seems as though this leaves little option for waitlisted applicants other than sitting and waiting for a more definitive decision, one of the best things an individual in this position can do is just the opposite – take action and visit the school. This makes particularly good sense for those who have never been to the campus of their target programs. Very many things can happen when spending time at the school:

1) You may interact with students or professors who can better inform you of opportunities at the school and give you a better sense of the campus culture. If you make a particularly strong impression, you might even inspire someone to intercede with the adcom on your behalf.

2) By visiting a school and gaining a feel for the community and setting, you may actually realize that a given program is really not for you. This will enable you to focus your energy and attention elsewhere, and give up your spot on the waitlist to someone who might be a better fit with the program.

3) A school may take note of your visit (if you sign in with the admissions office) and view it as a potential sign of your interest. All other things being equal, the adcom is generally more likely to admit an applicant if they believe him or her to be likely to accept an offer of admission.

4) You never know when you’ll have that chance meeting with an admissions officer who is willing to give you a little feedback (and who through the process of meeting you face to face might get a better sense of your candidacy). In fact, if planning a visit, there’s no harm in letting the admissions office know in advance – especially if you have a ‘waitlist manager’ or someone on the admissions team who you’ve corresponded with in the past. Just send them a polite email indicating that you will be on campus on date X and would love to stop in and introduce yourself, etc. You’d be surprised at how often an admissions officer ends up being available to speak with you for a few minutes. Having said that, it’s critical not to force such a meeting or make unreasonable demands on the adcom, so be sure to use your best judgment.

Best of luck to those of you playing the waiting game, and feel free to contact us at info@clearadmit.com to learn about our application feedback and waitlist counseling services. Hang in there!

For additional 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 26-page PDF file, which includes school-specific waitlist policies and sample communication materials, is available for immediate download.

The Early Applicant Gets the MBA

March 30th, 2011

birds beachThis post comes to us from Igor Khayet, founder of My Resume Shop.

When it comes to applying to MBA programs, the earlier you get in the game, the better. And it’s not just how much time you give yourself — it’s what you do with that time.

Let’s say you have six months (or more) until that application is due. Make sure that you use that precious time to address your weaknesses and highlight your strengths.

Here are five things you can do, right now, to increase the appeal of your application package.

1)   Beef up your math

If you’re using a calculator to compute 3 x 5, it may be time for you to make sure that you have enough in your application to demonstrate high quantitative ability. While your GMAT score will provide some indication of your skills, the admissions committee will also look at your transcripts to predict your performance in quant-heavy courses. English major? Don’t fret; there are other ways to show your math chops. If you have enough lead-time, you can enroll in a statistics, accounting or finance class at your local university. This will not only demonstrate your interest, it will also make your life a whole lot easier on your first day of Corporate Finance as a new MBA.

2)   Know where you want to go

We all got a copy of Dr. Suess’ Oh the Places You’ll Go! for graduation, but your essay has to say a little more about your future than “it’s going to be great.” Now is the time to begin thinking seriously and specifically about both your short and long-term career goals. Ideally the two should be linked, and your resume should show that you are planting the seeds for your future plans. If you are going to argue that you want to do Corporate Social Responsibility, you have to have something in your resume that demonstrates why b-school is a sensible next step for you. Make your goals legitimate by researching, volunteering, or writing a blog about the industry. B-school admissions officers want to see that you a) know where you want to go and b) know how to get there.

3)   Research

If you’ve read Kurt Vonnegut, you’ll know that re-search simply means look again. And again. And again. Take advantage of any slow times in your schedule to visit MBA programs and determine which ones seem best suited to your interests and candidacy. The summer is a particularly good time to tour schools and meet with admissions officers and professors, since there will be a greater chance of getting in some face time. Before you go on touring, take advantage of the online resources that the schools provide in order to target programs that align with your interests. If you are meeting with an admissions officer, review your facts about the school before you go in to show that you are taking them seriously.

4)   Get out of the office

If your last community service activity was organizing a beer pong fundraiser in college, you might want to consider finding some new avenues to show you have a life outside of work. While many young professionals in high-paced industries work 80-odd hours a week, your application must demonstrate that you are a well-rounded candidate. It’s not too late! Take advantage of the next six months to get involved in your community. Teach a class through Junior Achievement, tutor kids for the SAT, or become a career mentor for low-income jobseekers. Pick organizations that offer potential leadership opportunities and try to do something you care about so you can talk about it on interview day.

5)   Organize your thoughts

Though specific essay topics differ, at the heart of every business school admissions essay are a few questions: Why business school? Why now? What you are going to do when you’re done? You don’t need the application questions in front of you to start brainstorming the answers. The truth is you probably already know. It’s just a matter of constructing an essay and a resume that make sense of how this next step fits into your career trajectory. It takes more time than you think to come up with a good way of communicating this. Write an outline, experiment with structure, re-evaluate your resume and take advantage of online admissions blogs to get the wheels churning.

Igor Khayet is the President and Founder of My Resume Shop (www.myresumeshop.com).  He is a former Admissions Interviewer for the Yale School of Management and a member of the Professional Association of Resume Writers & Career Coaches. Connect with him on Facebook (www.facebook.com/myresumeshop) and Twitter (twitter.com/myresumeshop).

Student Spotlight — Tim Murphy: Auditor, Aspiring Entrepreneur, and 700+ Scorer

March 29th, 2011

This Student Spotlight features Tim Murphy, a former Knewton GMAT student who saw his hard work rewarded with a sky-high GMAT score of 730. Read on to learn more about Tim’s study methods and future plans!

Name:

Tim Murphy

Hometown:

I grew up in Pine Plains, NY, but I now live in Harrisburg, PA.

Current job?

Group Leader, Internal Audit for The Hershey Company

Why do you want to get an MBA?

To position myself for a transition into the renewable energy industry and develop the expertise to succeed as a business owner / entrepreneur down the road.

What’s your dream job after b-school?

Owner / operator of a business that promotes and distributes renewable energy systems.

Can you tell us a bit about your experience prepping for the GMAT?

I started prepping with Knewton in late July 2010.  I took my diagnostic (scored 640) on 7/20 and scheduled my test for 8/30 (shooting for a 700+ score).  I used a mix of live and on-demand classes.  Personally, I found the on-demand sessions more helpful because I was able to rewind and review whenever I didn’t quite catch something.  When taking the practice tests, I soon found that my verbal skills were way ahead of my quant skills, so after session 6, I spent all of my time on quant review.  I wouldn’t suggest this for everyone, but I personally decided to focus my time to try to balance out my score.

I found Knewton’s materials really helpful and I really liked the course overall, especially the smooth online interface.  Additionally, I found the instructors and support team very helpful and responsive to my emails.  I even sent in two practice essays (1 issue and 1 argument) within a couple days of my test date and received timely and constructive feedback that helped me to achieve an AWA score of 6 both times I tested.

When my first test day was over on 8/30, I was happy with my overall score of 700, but my quant score (41/58%) was still off balance from my verbal score (44/97%).  It took me about a week until I resolved to retake the exam.  I knew I had rushed through some of the quant topics and felt I could improve on my score.  I took a few weeks in September to step away from it all and then returned to my studies.

In late September I began reviewing Knewton’s quant lessons and retaking many of the homework quizzes.  I also completed the Official Guide Quant Review book and two of MGMAT’s books on quant topics in areas where I felt I was weakest.  While Knewton was the foundation for my studies, I found having some diversity in the instruction to be helpful.  Different sources presented topics from different angles which eventually helped things that I previously hadn’t understood to just click.  Also, I was traveling a bit for work and needed something in hardcopy to take with me.

As my review progressed, I settled for a new test date of 11/22.  I set aside 4 days (Thu-Sun) to finalize my studies.  During these final days I reviewed formulas and spent a lot of time redoing problems that I had gotten wrong from all three of my study sources.  I only spent an hour or two studying the day prior to the exam and took the rest of the day to rest up.  On exam day I felt pretty confident my score would go up.

When I received a 730 and a much more balanced distribute between quant (46/75%) and verbal (45/98%), I knew my hard work and investment with Knewton had paid off.  Thanks Knewton!

Any Knewton teacher shout-outs?

I spent a lot of time with Chris Wu, I found him entertaining!  Really though, everyone was good.

Lightning Round: Data Sufficiency or Sentence Correction?

SC any day, but only because it was easier for me – I wish I could say the same for DS!

Bill Gates or Steve Jobs?

Bill Gates hands down – what would I do without Excel!  Plus, he’s doing good things with his $$$.

Harry Potter or Twilight?

Harry Potter?

EdTech News Roundup: Facebook Essays, the Federal Learning Registry, and How Professors Use iPads

March 29th, 2011

In this week’s EdTech News Roundup, check out articles on the pros and cons of virtual education, Facebook essay writing, e-textbooks, the Federal Learning Registry, and yes, the iPad’s effect on education practices.
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1. What Do Students Miss with a Virtual Education?

Check out ZDNet Education’s Chris Dawson’s take on this much-discussed question.

2. Princeton Professor Gains Cult Status with 3200 Essays on Facebook

In this Wired Campus post, check out how one Princeton English professor is reaching out to students.

3. More Details on Federal Learning Registry

Last July, U.S. Secretary of Education Arne Duncan announced an initiative to create a Federal Learning Registry as a way of better organizing digital educational resources. Check out this post from Education Week’s Digital Directions blog for more details on how the registry would work.

4. The iPad for Professors: Evaluating a Productivity Tool After One Year

Now that the second version of the iPad has been released, check out this article from The Chronicle of Higher Education featuring professors’ thoughts on using the iPad in conjunction with teaching.

5. As California Districts Slash Textbook Spending, Some Consider E-Books

As budgets tighten, some districts consider a possible move to e-textbooks in the near future.

MBA Round-up: Waitlist Purgatory, Top Schools for Green MBAs, and a Spotlight on Stanford

March 28th, 2011

Welcome to another installment of Knewton’s MBA News Round-up! This week, check out articles on entrepreneurship, a “telling omission” in the MBA curriculum, the top 16 Schools for “green” MBAs, and what to do if you’re in waitlist purgatory.

1. A Telling Omission in the MBA Curriculum

In light of recent PR mishaps, should business schools include a course on strategic communications and reputation management?

2. Top 16 Schools for Green MBAs

Interested in sustainability and social responsibility? Take a closer look at Olin, Ross, and Stanford.

3. Ten Entrepreneurship Rules for Building Massive Companies

Penetrating advice from LinkedIn founder and prominent angel investor, Reid Hoffman. #1: Look for disruptive change…

4. Spotlight on the Stanford MBA

As the #1 business school of the year according to U.S News, Stanford places enormous emphasis on innovation, diversity, and collaboration.

5. What is an MBA Degree and Why Get One?

Even if you’re admissions expert, this run-down through MBA application fundamentals may yield an enlightening fact or two.

6. Three New Books Highlight Female Entrepreneurship

Here’s a trio of titles you might want to check out if you’re interested in women and entrepreneurship, minorities in entrepreneurship, or entrepreneurs who have overcome significant challenges.

7. MBA Waitlist Admissions Purgatory

The waitlist can be a confusing place to land after a hectic admissions season. Check out admissions consultant Stacy Blackman’s advice on how to navigate those uncertain waters…

 

Must-Read MBA Blogs

March 28th, 2011

Want to know what b-school is really like? Forget admissions brochures. These blogs, written by current MBA students, will give you the real story!

Classy Career Girl

Business school has changed a lot in recent years — but if you’re still worried about it being a boys club, check out Classy Career Girl, a blog with a decidedly female take on the MBA. Anna, a consultant by day and MBA prep student by night, has great advice for young professionals of both genders “on how to be classy as you climb the corporate ladder.”

Check out posts like:

Jeremy C. Wilson

As Jeremy, a Kellogg JD-MBA Student, writes, “While sometimes raw intelligence and unique skills can be enough… taking your career to the next level is also about having good timing, finding quality professional mentors… and most importantly having access to information during critical transition points.” Jeremy’s blog, which focuses on his personal career journey, seeks to provide a first-hand perspective on information related to b-school and law school for anyone interested.

Check out posts like:

Military to Business

This blog, written by a US Military Officer in Harvard Business School’s Class of 2011, details the author’s transition to the business world. If you’re a non-traditional and/or military applicant — or are just interested in learning more about HBS — Military to Business has some great information that you might not find elsewhere.

Check out posts like:

The Financial Times’ MBA Blog

Twenty-two student bloggers, representing twelve countries, share their b-school experiences on the FT’s MBA blog. While the tone might be slightly more formal than an individual student blog, the FT blog can’t be beat for sheer range and number of perspectives. Topics range from time management to event planning to lessons in entrepreneurship to love to… well, you get the picture.

Check out posts like:

Did we miss any of your favorite MBA student blogs? Let us know in the comments!

5 Thoughts To Avoid on the AWA (Part II)

March 26th, 2011

KeyboardLast week, we shared 5 thoughts to avoid while writing your AWA essays on the GMAT. This week, we’ve got 5 more! Steer clear of these common mindsets if you want to earn that perfect 6 on your AWA.

1. Style: “I should be straightforward and concise, so it’s OK to use the same sentence structure again and again.”

Well, you shouldn’t go out of your way to sound brilliant or original (it is likely to come across as forced or contrived). But in many ways, writing is a superficial art or craft. Style matters – how you say something is as important as what you say. Many prospective MBA students believe that being straightforward and concise means that style will inevitably be sacrificed when in truth, a great writing style should enhance your meaning – should place emphasis on important ideas, draw contrasts, make comparisons, and illustrate the relationships between ideas.

What you can do: Familiarize yourself with different sentence patterns. You can check out a grammar book (Strunk and White’s Elements of Style or the more interesting, How to Write a Sentence by Stanley Fish) or simply study the prose in high-level publications like The New Yorker. If you have a very rudimentary style, you might want to begin by combining sentences and trying to increase the muscularity of your prose by retaining the same meaning but cutting down the number of words used. Don’t be concerned if your prose doesn’t improve overnight. The key is that you develop more self-awareness as a writer.

2. Audience Awareness: “This essay isn’t for school, and we’re only given half an hour, so it’s OK if I sound a bit more informal.”

Not the case. The following should be off-limits in your prose: slang, exclamation points, rhetorical questions you don’t answer (“What is the meaning of life?” “Why is the sky blue?”) and cliches (“blind as a bat,” “dead as a doornail”). Your GMAT essay should not be a creative writing exercise, a personal memoir, a chatty email to your friend or an extended text message.

During the AWA, many students (for whatever reason) switch into a mode of expression that sounds like bad copywriting for ads: “It’s time that we all question authority and stand up for ourselves!” Or “When was the last time you looked in the mirror?” If you find yourself falling into the 2nd person, “you,” it’s probably a bad sign.

What you can do: Start noticing the way that language changes in different contexts – whether you’re reading an ad, an article in The Atlantic, or a science textbook.

3. Introduction: “They can’t possibly expect me to paraphrase the argument that was just given, do they?”

Three words: Yes. They. Do.

Remember: you don’t have to reinvent the wheel during the AWA. You just have to demonstrate solid analytical thinking and writing skills. You should begin your essay by paraphrasing the issue or argument at hand and making some introductory remarks that guide the reader naturally into your thesis statement.

What you can do: Practice paraphrasing yourself. Good news! This is the kind of skill you can develop overnight.

4. Conclusion: “I don’t have anything new to say in the conclusion, so I won’t write one.”

If you don’t write a conclusion, your essay is going to seem unfinished and unpolished. And yes, “appearances” matter on the GMAT! (Remember what I said above about writing being a “superficial” art?) Don’t simply restate your introduction paragraph – at the very least you should paraphrase yourself. The conclusion paragraph is also a good place to take your argument in a new direction or to introduce a point that seems germane to the discussion but which doesn’t fit in a body paragraph.

What you can do: Go through a series of AWA prompts and construct an outline and thesis for each. Your outline should include ideas for the conclusion as well as the body paragraphs. Don’t be concerned if nothing comes to mind the first few times. Once you write 3 or 4 great conclusions, ideas should start flowing more quickly!

5. Counter-arguments: “I don’t want my grader to notice any holes in my argument, so I won’t point out what people who disagree with me might say about my points.”

It is generally a sign of rhetorical sophistication to anticipate counter-arguments. There is no use trying to cover up any weakness in your argument by failing to address its obvious flaws. Your reader will probably be acquainted with every aspect of the argument or issue you are writing about. In this sense, you will come across as more skilled if you have the confidence to assess your ideas from an alternate perspective.

What you can do: Develop a habit of “arguing” with yourself. One trick that will also strengthen your analytical ability is to make questioning and probing remarks in the margins of whatever you read.

Video: Solving for One Variable Among Many in DS Questions

March 25th, 2011

In this GMAT video, Rich begins by presenting a sample DS question. The question tests your ability to solve for the value of an expression — without necessarily solving for the variables in that expression. Jess and Rich then go on to explain the best way to solve for one variable in DS problems in which you are given more variables than equations.

In addition, they provide a helpful recap of all the tips covered in this quantitative strategy lesson — if you haven’t watched all the videos, be sure to check them out!