Admissions Decisions Are In: What Now?

April 12th, 2011

If you applied to b-school for fall 2011, you should have received the admissions committee’s decision by now. Whether you’ve been accepted, waitlisted, or rejected by your dream school, this guide will help you figure out what to do next.

Accepted:

Congratulations! You just got admitted to business school and hopefully, at one of your top choices. You’re looking forward to meeting new people and jumping back into the classroom. If you’re deciding between several schools (or deciding whether you should go back to school or keep working for a few more years), make sure you attend the admitted students’ weekend at your potential schools. There, you’ll get a sense of your potential classmates and the culture of the school.

Though you should pay attention to rankings, average total compensation, and placement rates as you make your decision, you should also consider more nebulous factors like the culture of the school and the character of the student body. Here are several questions that will help clarify the decision for you:

  • Culture. Is there an emphasis on teamwork and collaboration? Are there official study groups or are students expected to find their own?
  • Curriculum. Do you want an emphasis on general management in your business education–or deep dives into specific subject areas? A lecture or case-based approach? Or both? To what extent do you value sustainability and corporate responsibility?
  • Placement. Are you confident that a degree from this school will yield the kind of opportunities you’re expecting it to?
  • Location. Do you want to go skiing every weekend with your MBA cohort? Or hit up every urban hotspot with your old buddies from college?
  • Size and diversity. Do you want to know every single person in your class within two months or do you want to be meeting new people at the end of your two years?
  • Scholarships. Will the extra cash in your pocket allow you to take greater risks after graduation? To what extent do you value your short-term financial freedom?

Tough decisions generally signify you’ve done something right and given yourself options, though sometimes it may feel preferable to have them made for you!

Waitlisted:

This is a confusing position to be in, but not necessarily a negative one. Getting waitlisted indicates that you’re qualified for admission; depending on the school, you may have beat out 80%-90% of the applicant pool, which can be quite an achievement.

Why were you waitlisted? Here are the most common reasons: lack of quantitative preparation, lack of work experience, low GPA or GMAT score, and unclear or unrealistic career goals. The good news is that all the above (aside from low GPA) can be fixed with a few months to a few years of soul-searching and professional development.

First determine what the school expects of its waitlisted applicants–if it welcomes contact or expects you to just sit tight. Within the parameters of each school’s expectations, be proactive: get an extra letter of recommendation, send in updates about promotions and achievements, or take a class in accounting or finance (just make sure that you’re adding and not detracting from your application, or simply padding it with extraneous information). One of the most tangible ways you can make a difference in your candidacy is to retake the GMAT. A score that is higher than the school’s median could seriously change things in your favor.

Rejected:

Give yourself some time off from business school forums and internet news articles about MBA programs. When you’re ready to assess the situation, try to figure out why you were rejected. Here are some of the most common reasons: lack of consistency across application, overrepresented applicant pool, lack of quantitative preparation, lack of work experience, low GPA or GMAT score, and unclear or unrealistic career goals. You can improve in most of the above areas, so be completely honest with yourself about your weaknesses. A very small number of schools offer feedback to denied applicants; be sure to seek out that information if possible. If you need an outside opinion, you can always employ the services of an admissions consultant or ask an alum of the program to offer his/her opinion.

Remember: Apps come in many rounds and seasons for a reason. You could be ready to go again in just a few months! In the grand scheme of things, a bit of time won’t make a difference and could even improve your career trajectory (give you better chances of landing a desirable job out of school) if you take some more time to develop your candidacy.

MBA News Roundup: MBAs in Education, Asian MBA Programs, and 5 Reasons to Start a Company in Business School

April 11th, 2011

Welcome to another installment of Knewton’s MBA News Round-up! This week, check out articles on b-school grads in education, women in business, Asian MBA programs, and 5 reasons you should start up a company while still in school.

1. Bschool Grads Snap Up Education Jobs

TFA and Education Pioneers are attracting more MBAs than ever before, a sign that the latest generation of MBAs has caught the education bug.

3. Where Are All the Women in Business?

The managing director of Wolfensohn & Co expounds on the challenges, both real and perceived, for women in the business world.

4. A Passport to the Top of the Business World

To MBA or not? An article on the hotly debated subject of MBA programs and their value.

5. Asian MBA Programs on the Rise

MBA programs in the Far East offer flexibility, world-class education, and excellent value. This article from Stacy Blackman explores some of the options.

6. 5 Reasons You Should Start Up a Company at Business School

Time and resources are just two of the reasons that starting a company in school is a good idea.

5 Ways to Hit Your Target GMAT Score

April 11th, 2011

Want to achieve your dream GMAT score? Here are 5 ways to make that goal a reality.

1. Target your weaknesses but reinforce your strengths.

“Knowing yourself is the beginning of all wisdom.” -Aristotle

If you’ve taken the GMAT before, make sure you’re not just going through the motions with your studying. Target your weaknesses for the most efficient score increase. If you are performing well in Reading Comprehension but having trouble with Data Sufficiency, for instance, focus primarily on Data Sufficiency (while periodically reviewing reading comprehension). If you are having trouble with Reading Comprehension, study strategies that help you determine the main idea, purpose, attitude, and structure of whatever article you are given.

The harder you concentrate on your weaknesses, the faster you will see tangible improvement. At the same time, remember to keep the big picture in mind: harness your strengths and maintain your mastery of areas in which you excel. Confidence is another important factor: if you are able to answer several questions correctly in a row, it will decrease your stress level during the exam.

2. Get at the root of the problem.

If you are getting almost every question wrong for a specific question type, try going back to the basics. Review underlying question patterns and trap answer choices, then clear your head and take a break. This way, you’ll return to the question type with new knowledge and renewed energy. Be sure to take the time to read each question carefully; you may be surprised at the extent to which mistakes can be avoided by truly understanding what each question is asking.

You can learn quick tricks to help increase your score, but these strategies will be most effective when combined with long-term study. To improve your verbal score, for instance, it may be helpful to start reading high-caliber magazines. To improve your quantitative ability, begin by re-familiarizing yourself with the fundamentals: number properties, basic geometry, arithmetic, and algebra. You may not see results immediately, but short-cuts (which are crucial if you want to have enough time to complete the exam) often involve a familiarity with numbers that can be cultivated over a long period.

3. Improve your endurance.

A week or two before the exam, consider taking three or four practice CATs to gain familiarity with the feel of the exam. This will help acclimate you to the level of mental and physical endurance required. Also don’t blow off the AWA section during your practice CATs; even if you find writing easy, the section adds an extra hour to the exam, which might erode your concentration if you don’t account for it during practice.

4. Improve your pacing.

Try to get a sense of your pacing and timing across different sections–Critical Reasoning, Sentence Correction, Reading Comprehension, Data Sufficiency, Problem Solving. If you’re spending 2 minutes per question in Data Sufficiency, for instance, study short-cuts and move more quickly through these questions. If you’re getting early, easy questions wrong due to carelessness, read these questions more carefully and stay attuned to details.

5. Don’t expect the “perfect” test.

However much you prepare, there may still be something unexpected about the questions you encounter. To avoid getting stumped, make sure you understand concepts when tested at the most basic level and recognize these same concepts in more sophisticated situations that require multiple steps and complex reasoning. This way, you will not be fazed if you encounter a variation on the familiar. Also know that you do not have to answer every single question correctly even to score an 800; the test will increase in difficulty the better you perform, so expect it to feel like an “uphill” climb.

EdTech News Roundup: Mobile Learning, NYC Tech Programs, and What Not to Expect from Online Learning

April 9th, 2011

In this week’s EdTech News Roundup, check out articles about mobile learning, the state of tech programs in NYC schools, and what not to expect from blended learning.

1. Moving to Mobile
Read more about the increasing demand (and support) for mobile apps on college campuses in this article from Campus Technology.

2. Experts Give Advice on Mobile Learning
At this year’s Corsortium for School Networking (CoSN) conference, much of the focus was on mobile learning and in particular, strategies for successful mobile learning implementation. Learn more in this article from eSchoolNews.

3. Think You’ll Make Bucks in Online Ed? Not So Fast, Experts Say
E-learning experts warn  universities looking to raise funds from online programs that generating money shouldn’t be the main goal of blended learning. Read more in this article from The Chronicle of Higher Education.

4. New Million Syllabi Repository Could Reveal Trends in Teaching
Dan Cohen, director of the Center for History and New Media, has created a database of one million syllabi on his website that he hopes will help researchers understand trends in teaching. Read more in this article from the Chronicle of Higher Education.

5. NYC Tech Programs Coming Under Microscope
As teacher layoffs and other cutbacks face NYC school districts, increased spending on tech programs is coming under scrutiny. Read more in this article from EdWeek.

Beyond GMAT Drills: Timing and Strategy

April 8th, 2011

If all your GMAT prep so far has consisted of drills — Data Sufficiency drills, Sentence Correction drills, Problem Solving drills — then it’s time to take a step back and look at the bigger picture. Yes, drills can help improve your skills, but if you want to reach your goal score as efficiently as possible, you should also be looking at your timing and general strategy.

Check out these 6 timing and strategy tips guaranteed to jump-start your GMAT prep.

1. Don’t double check–just move on if you know you’re right.

Question difficulty can rise steeply, so you will need all the time you can get near the end. This means you should not waste any time confirming and double-checking your answers if you’re 95% sure about a choice. To the extent that you can minimize lengthy work on your scratch-paper, you’ll be able to shave key seconds off of your performance which could make the difference between seeing and not seeing the last two or three questions.

2. Look for short-cuts, but only on math!

Short-cuts are crucial if you want to have enough time to complete the entire exam, and they often involve a familiarity with numbers that can be cultivated over a long period. So develop a common sense about numbers and learn how to estimate answers without using arithmetic. Also learn how to plug-in values to test out answer choices and how to eliminate choices that are obviously wrong.

3. Read actively.

Although GMAT passages are seldom longer than 400 words each, they can feel longer because of obscure subject matter, convoluted syntax, compressed organization, and hard vocabulary. The key is to understand these challenges and expect to encounter them. Expect that you’ll be asked about MAPS, the “main idea,” “attitude of the author,” “purpose of the passage,” and “structure” of the passage. While you read, make note of anything which seems relevant to these areas, as this will make the questions easier for you to answer later. Do not try to memorize all the facts and details that are presented to you; instead, focus on understanding the conceptual skeleton of the passage and how ideas relate to each other logically.

4. Don’t take short-cuts in Critical Reasoning and Sentence Correction.

Certain test sections like CR and SC do not lend themselves well to short-cuts and skimming. You should approach these problems with an active, critical eye. You can’t trust your intuition with Critical Reasoning (it’s called “critical” for a reason) just as you can’t always trust your ear with Sentence Correction (some idioms you simply have to memorize). Even if you’ve always grasped grammar intuitively, it can be helpful to reacquaint yourself with the rules, so that when you see something your ear doesn’t recognize, you won’t be fazed. In other words, it can be beneficial to understand why something is wrong instead of just knowing that it’s wrong.

5. Know when to move on. Don’t expect the “perfect” test.

However much you prepare, there may still be something unexpected about the questions you encounter. It’s good to aim for perfection, but at the same time, recognize that however much studying you do, you won’t be able to eliminate the need to think on the spot. So don’t waste time with negative thoughts if you simply can’t get a question right or don’t know how to approach something!

Know that you do not have to answer every single question correctly even to score an 800; the test will increase in difficulty the better you perform, so expect it to feel like an “uphill climb.”

6. Finish the exam.

This could be the most important bit of advice we give you: finish the exam. You lose one point on your scaled section score for each question you do not answer. So if you were scoring a 41 on the math section and did not answer 2 questions, you would score a 39. Though it depends on the algorithm used to score your exam, this could mean the difference between, say, 58th and 52th percentile for the section.

Meet the Biz Dev Team: Nina Reed, Research Coordinator

April 7th, 2011

Here’s another Knewton Peeps post, in which we give one of our team members his or her moment in the sun. This week, we cordially introduce you to Nina Reed, a member of the Business Development team here at Knewton.

Name:

Nina Reed

Position:

Research Coordinator

What were you up to before you came to Knewton?

I worked for a company that provided tutoring to students under No Child Left Behind.

What’s your background/what was your path to Knewton?

I’m an elementary school teacher originally.

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

I really enjoy learning about how different schools and organizations are working to make education better for everyone.

What are you working on now?

I’m slowly but surely developing post-secondary education fact sheets for each state.

Any hobbies, secret quirks, or talents?

I sew, crochet, and cook.

What’s your favorite place or neighborhood in NYC?

The green markets and any place with a body of water.

Knewton "Mean" Girls: Advanced GMAT Math Tips, No Sugarcoating

April 7th, 2011

We’ll give it to you straight: this strategy for finding the average, or arithmetic mean, of a set of numbers isn’t for everyone. If you master it, though, you can save some serious time on extra-tough GMAT Quant questions.

To show you how it works, Jen and Jess have to get a little “mean” in their exploration of averages.

Don’t worry: Jen isn’t nearly this mean to Jess in real life.

MBA Admissions Tip: Feedback Sessions for Denied Applicants

April 6th, 2011

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

As many of our readers know, a small number of leading MBA programs offer admissions feedback sessions to applicants who did not make the admissions cut in a given season. Though we’ve touched upon this subject before, we’d like to use today’s blog entry to underline the importance of these feedback sessions for those of you who are considering reapplication.

While not all schools offer feedback, a handful of schools issue an open invitation to all unsuccessful applicants. Additionally, some programs occasionally offer feedback ‘by invitation’ to top candidates for whom they just didn’t have room that year. In all cases, if you are given the opportunity to get feedback, you should absolutely take advantage of it. There are several reasons for this:

1) Signal commitment to improvement. Signing up for a feedback session demonstrates that you are motivated to learn more about your application’s weaknesses and are seeking to improve going forward (with the intention of reapplication). Most schools make note of these sessions and keep these notes in your file in the event that you do reapply.

2) Get the inside line. A feedback session gives you a chance to learn something about your candidacy – from the source. Feedback sessions can draw your attention to a perceived weakness you were unaware of or confirm your own thoughts with regards to areas for improvement.

3) Telegraph your interest. In addition to demonstrating your passion to improve and your intent to learn more about your candidacy, signing up for a session suggests a dedication to the MBA program in question. Since not all reapplicants bother to get feedback, the fact that you take this aspect of the process seriously can work in your favor.

4) Make a connection. In many cases, a feedback session can be the beginning of a relationship that is forged with a member of the adcom. If the person gives you feedback, you should email them a ‘thank you’ letter and take advantage of the opportunity to develop an advocate for your candidacy on the committee.

Stay tuned to this blog for some tips on proper feedback session etiquette in the near future. In the meantime, be sure to sign up for feedback sessions if your target school offers them. If your target school does not offer this kind of service, you may want to take advantage of Clear Admit’s feedback service, which includes a strategic review of your prior application(s) and a written report highlighting your strengths and weaknesses as well as specific guidance for reapplication.

Email info@clearadmit.com if you are interested in learning more about this service.

6 Tips For Studying for the GMAT While Working

April 6th, 2011

Wouldn’t it be nice if you could just take a few months off work, find a few cozy coffee shops, and devote yourself wholeheartedly to studying for the GMAT? Unfortunately, sometimes forgoing that paycheck just isn’t an option. If you find yourself trying to balance GMAT prep with a rigorous full-time (or full-time plus) job, don’t despair. You can make it work!

Here are 6 tips to help you meet your GMAT goals — and keep your day job.

1. Start with a realistic plan.

Your first step is seeing where you stand. Take a full-length GMAT practice CAT under test-like conditions to get a realistic assessment of your skill set. The result of your diagnostic should be used to evaluate and better understand your strengths and weaknesses.

The diagnostic will also give you a better idea of how much time you’ll need to set aside for GMAT prep (this also depends on how many hours/week of study time you’ll be able to squeeze in around your work schedule). If you’re only looking to increase your score a few points, you may only need a month or so of prep work. If you’re looking for a bigger gain, don’t worry — it’s definitely possible, but it might take you a bit longer to get there.

2. Target your weaknesses.

You’ve scheduled precious time to study for the GMAT around your work hours — now make sure you’re making the most of that time. The more specifically you target your weaknesses, the faster you’ll see tangible improvement. Examine the results of your practice tests and problems carefully — if you consistently have trouble with Data Sufficiency algebra problems but always get Data Sufficiency probability problems right, don’t waste your time studying probability! Do enough review to maintain your strengths, but focus your attention predominantly on your weaknesses.

3. Don’t break study dates with yourself.

As Woody Allen put it, “80% of success is showing up.” Create a realistic schedule for yourself that takes into account your personal preferences. If you’re a zombie before 9 AM, don’t fool yourself into thinking you’ll be able to get up early and prep before work. Instead, set aside time during lunch, at night, or on the weekends. Experiment with different strategies to see what works best for you, and treat your “study dates” with yourself like you would a work meeting. Not showing up shouldn’t an option. Your discipline will be strengthened each time you don’t feel like studying but compel yourself to. Soon, you might start to enjoy your sessions or view them as a satisfying challenge, a way to “work out” your analytical muscles!

4. Be positive and keep the big picture in mind.

Let’s be real: working full-time and studying for the GMAT isn’t going to be a walk in the park. But don’t despair: it won’t last forever. Keep an inspirational quote or a picture of your dream b-school above your desk to remind you of your larger goals.

Stay positive about your GMAT skills too. While focusing on your weakest areas, you should also maintain your mastery of areas in which you excel. Confidence matters. Don’t get too down on yourself if you’re having trouble with a certain section or type of question — the more you practice, the better you’ll do.

5. Make it social (if that works for you).

Consider adding a slightly competitive or collaborative element to your GMAT preparation. Find a co-worker who’s also taking the GMAT — you know they’re out there! — and set up a weekly study group where you trade off running question drills. At the very least, social motivation may help you keep your study dates with yourself, just like a gym membership. And you may be able to share your strategies and frustrations with others.

6. Maintain momentum.

It’s good to aim for perfection, but at the same time, recognize that no matter how much studying you do, you won’t be able to eliminate the need to think on the spot and handle unfamiliar variations of familiar problems. Also recognize that the test gets harder the better you perform, so it will always feel like an uphill climb to some extent.

Don’t let small setbacks get you down. If you have an especially busy week at work and can’t get in your GMAT prep, don’t waste time beating yourself up. The sooner you start back up with your study plan, the sooner your days of GMAT prep will be done!

Student Spotlight — Jaspal Saini: Engineer, Steve Jobs Fan, and 770 GMAT Scorer

April 5th, 2011

In this week’s Student Spotlight, meet Jaspal Saini, another one of our rockstar GMAT students.

Name:

Jaspal Singh Saini

Hometown:

Native of New Delhi, currently living in Maryland

Current job:

Engineering Professional

Why do you want to get an MBA?

My career till now has been focused primarily on being a technical expert in the core engineering discipline; this experience has had its ups and downs as can be expected. However, one thing that has become clear to me is that keep doing what I have been will never lead me to a position where I will understand and possibly contribute to the global business aspects of the industry. My motivation behind pursuing an MBA is to develop a deeper understanding of the general management and leadership aspects of businesses so that I can apply the same in the energy sector. I believe my background in the engineering aspects of power and energy sector in conjunction with the MBA degree, which will inculcate leadership skills, will help me contribute towards alleviating the global energy crises – every little step is a step in the right direction.

What’s your dream job after b-school?

A dream job would most definitely be being in the shoes of Steve Jobs :) . Realistically, I would like to apply the management and leadership principles learnt from the B-School in the growing energy sector in developing countries. However, it’s going to be a while before I start my dream job (whatever is in store), since I’m taking a break and would apply for next year admissions.

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

The GMAT prep for me was a stutter. Started preparing in end of May 2010 and took a date in end of June 2010, but I was on an out of state assignment and didn’t realize I had not carried my passport with me (the passport was needed since I’m not a permanent resident/citizen). So I had to cancel my exam one day before the actual test date. Got a bit frustrated and stopped preparations completely. Heard about Knewton and took the diagnostic in end of October. Thought it won’t be too bad, given the 50-point increase or money back guarantee :) . Started the session in first week of November and took a test date of 4th December. Studied primarily at night on weekdays and on weekends – didn’t take any break from work. I knew I had to improve Verbal and working with Dave in the sessions gave me some confidence, although I did have my jitters couple of days before the exam. But, courtesy of Chris and Emma, I did take the test as planned and scored 770 (Q 51 V 42). I would note that on actual GMAT, Quant was far too easy and Verbal was way too hard – no regrets though.

Any Knewton teacher shout-outs?

Dave for his PEMDAS rap song and many more. Chris for dropping the “F-Bomb” live on camera. Emma for being a great and sincere TA. Great team.

Lightning Round: Favorite song right now?

“Higher” by Taio Cruz

Data Sufficiency or Sentence Correction?

Data Sufficiency (Sorry Dave :) ). This was close though; if it was CR/RC, these would have been given a hands down battering by DS.

Bill Gates or Steve Jobs?

Steve Jobs

Harry Potter or Twilight?

Harry Potter (even True Blood is better than Twilight series).