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Stanford GSB Admissions Essays and Deadlines for 2013-2014

Stanford GSB Admissions Essays and Deadlines for 2013-2014

The Stanford Graduate School of Business has released its admissions essays and deadlines for the 2013-2014 application season. Stanford has actually made no changes to its admissions essays this year, which suggests that the admissions committee liked what it saw in the applications that it reviewed last year. Accordingly, our advice hasn’t changed much, although it has evolved subtly since last year. Let’s dig in.

Columbia Business School Admissions Essays and Deadlines for 2013-2014

Columbia Business School Admissions Essays and Deadlines for 2013-2014

This year Columbia Business School leads the charge, releasing its MBA application essay prompts before any other top business school. The school has also released the admissions deadlines for its two intakes in 2014.

I'm Waitlisted... Now What?

I'm Waitlisted... Now What?

Click here to read the intro to this blog series! Send your admissions questions to timeout[at]veritasprep[dot]com.

Dear Trav,
I was waitlisted to my top choice schools. What should I do, if anything, to follow up with these schools?
– 

Getting Letters of Recommendation from Your Current Supervisor

Getting Letters of Recommendation from Your Current Supervisor

Click here to read the intro to this blog series! Send your admissions questions to timeout[at]veritasprep[dot]com.

Dear Trav,
I want to change careers so my employer can’t know I’m applying to b-school. How should I navigate letters of recommendation if I can’t ask my direct supervisor for help?

3 Tips to Make Your Admissions Essay Stand Out

3 Tips to Make Your Admissions Essay Stand Out

Click here to read the intro to this blog series! Send your admissions questions to timeout[at]veritasprep[dot]com!

Dear Trav,
Do you have any tips for writing admissions essays about myself?

Application Tips from Harvard, Stanford, and More!

Application Tips from Harvard, Stanford, and More!

Click here to read the intro to this blog series! Send your admissions questions to timeout[at]veritasprep[dot]com!

Dear Trav,
I want to run my family’s business once I finish school. Is this a good story for my future goals?

Business School Applicants: Take the 2013 AIGAC Survey and Win $100!

Business School Applicants: Take the 2013 AIGAC Survey and Win $100!

Every other year, the Association of International Graduate Admissions Consultants (AIGAC) conducts a large survey to study trends among business school applicants. The results are shared with AIGAC member consultants and with MBA programs to help them better anticipate the needs of those who will soon apply to business school.

Differentiating Finance Candidates

Differentiating Finance Candidates

Click here to read the intro to this blog series! Send your admissions questions to timeout[at]veritasprep.com!

Dear Trav,
I am a traditional finance guy. How can I best differentiate myself from everyone else who looks and sounds like me in an application?

The Reputation of Berkeley Haas

The Reputation of Berkeley Haas

Click here to read the intro to this blog series! Send your admissions questions to timeout@veritasprep.com!

Dear Trav,
What is the reputation of Berkeley Haas?
– 

The Game of MBA Admissions

The Game of MBA Admissions

That’s right.  I just called the MBA admissions process a Game.  And like all games, there are winners and there are losers.   Baseball Hall of Famers with the highest batting averages still strike out sometimes, and MVP Quarterbacks do fumble the ball and throw pick sixes now and again.   But they are experienced, they are trusted, and they are generally really darn good at what they do.

Timeout with Trav: Bombed HBS Interview

Timeout with Trav: Bombed HBS Interview

Click here to read the intro to this blog series! Send your admissions questions to timeout@veritasprep.com!

Dear Trav,
What happens if I bombed my HBS interview?
– 

How to Prepare for a Virtual Interview

How to Prepare for a Virtual Interview

Can’t make it to campus?  No time, no money, no problem!   While it’s not an ideal situation to be in, some people have virtual interviews instead of meeting with their admissions committee face to face. Here are some tips on making the virtual (Skype) interview work for you.

Timeout with Trav: Selecting the Right Program

Timeout with Trav: Selecting the Right Program

Send your admissions questions to timeout@veritasprep.com!

Dear Trav,
How can you best determine which school or program is right for you?

While we provide services on everything from resume reviews to essay feedback to mock interviews, perhaps the most important thing you can do to improve your chances of being admitted to your target MBA program is to select the right schools. This is probably the most valuable advice we can provide, and yet most candidates completely ignore it and simply apply to the top 5 schools of their rating publication of choice. This is a huge mistake!

Take a Close Look at Your Round 3 MBA Applications

Take a Close Look at Your Round 3 MBA Applications

So you are late in the game, and you want to apply for Round 3 deadlines….   What have you got to lose other than a couple hundred dollars and some hours of your time, right?  WRONG.   Think carefully before applying and this doesn’t just apply to the last round, but all rounds of application deadlines.

Now, Every Veritas Prep Student Gets a Free Myers-Briggs Assessment!

Now, Every Veritas Prep Student Gets a Free Myers-Briggs Assessment!

Here at Veritas Prep we never stop investing in making our GMAT prep courses and MBA admissions consulting services better. And, there’s nothing more rewarding than helping someone achieve a high score on the GMAT, and then also helping them perfect their applications and get into an MBA program they thought was only a dream. Today, we make all of our services even better. We’re excited to announce a new resource available to everyone in the Veritas Prep family.

Timeout with Trav: No Time for Extracurricular Activities

Timeout with Trav: No Time for Extracurricular Activities

Send your admissions questions to timeout@veritasprep.com!

Dear Trav,

My job requires me to work 80 hours a week so I have no time for extracurricular activities. How will that affect my candidacy?
– 

With so many candidates coming from Investment Banking and other industries that are notorious for long working hours, you’re certainly not alone. It’s important to understand why top-tier MBA admissions committees (Adcoms) look for extracurricular activities to know how to address a lack of them in your application.

Timeout with Trav: Starting a Business in College

Timeout with Trav: Starting a Business in College

Send your admissions questions to timeout@veritasprep.com!

Dear Trav,

I started my own business in college, but it didn’t pan out.  Should I mention this  in my application?

U.S. News Business School Rankings for 2014

U.S. News Business School Rankings for 2014

U.S. News & World Report has just announced its 2014 business school rankings. While we never like to see applicants put too much emphasis on the rankings, it’s always a little exciting when U.S. News refreshes its rankings of the nation’s top MBA programs. Don’t solely decide to apply based on whether an editor at a magazine moved your target school down from 8th to 9th this year, but do take a look at the rankings — and, especially, the data associated with the rankings — to help you start to narrow down your list and get a feel for what kind of MBA program you have a shot of getting into.
Timeout with Trav: Getting Laid Off

Timeout with Trav: Getting Laid Off

Send your admissions questions to timeout@veritasprep.com!

Dear Trav, 

I was laid off during the recession and out of work for about a year. How will that affect my candidacy?

Clearly, this would have been a huge challenge for you and I applaud your diligence in working to overcome it!  The global financial crisis affected millions of people—both well qualified and poorly qualified. Some industries were affected more than others, and if you were in an industry such as Finance or Real Estate, this may be fairly common. However, you will need to explain any gap in employment in the optional essay in your MBA application, and a yearlong gap will need a particularly thoughtful explanation.

Timeout with Trav: Retaking the GMAT

Timeout with Trav: Retaking the GMAT

Send your admissions questions to timeout@veritasprep.com!

Dear Trav,

My GMAT score was 700 (with a 99th percentile in quant, and a 60th percentile in verbal). Should I retake the exam?
– 

Congratulations on your 700 GMAT score!  I think people tend to think that getting a 700 is a piece of cake, but remember that only 1 in 10 test takers gets a 700+, and the population of GMAT takers is primarily college-educated, ambitious, smart people.  Top 10% is a tough crowd!

Filed in: GMAT, MBA Admissions
How the GMAT Prepares You for Business School

How the GMAT Prepares You for Business School

So, does the GMAT really have anything to do with Business School, let alone business? When I took the GMAT over 5 years ago, I thought it was the stupidest, weirdest test in the world.  I’d already taken my fair share of multiple choice tests – from SATs and multiple SAT IIs, to AP exams and college-level final exams – but I’d never seen anything as odd as the GMAT.  From the adaptive nature to the specific range of questions, I really couldn’t understand why the entrance exam for business school included this particular range of questions.

Filed in: Business School, GMAT
Timeout with Trav: Letters of Rec for MBA Applications

Timeout with Trav: Letters of Rec for MBA Applications

Send your admissions questions to timeout@veritasprep.com!

Dear Trav,
I run my own business and don’t have any managers. Who should I go to for letters of rec?
– 

We often hear that b-schools want a letter of recommendation from your current supervisor, period.  There are a number of circumstances where this is not possible, and running your own business is certainly one of them.  Fear not!  Admissions officers completely understand that you don’t have a direct supervisor, and they will not hold this against you.  Instead, you should be congratulated on starting and running your own business!  This shows a great deal of leadership ability, calculated risk taking and professional maturity, all of which are highly valued by MBA programs!

Timeout with Trav: An Older Candidate

Timeout with Trav: An Older Candidate

Send your admissions questions to timeout@veritasprep.com.

Dear Trav,

I want to apply for a full time MBA program, but I am 32 years old. Am I too old for this type of program?

Deciding whether your age will be a damaging factor to your b-school application is an important question!

Timeout with Trav: GMAT or GRE for Business School?

Timeout with Trav: GMAT or GRE for Business School?

Click here to read the intro to this new blog series! Send your admissions questions to timeout@veritasprep.com.

Dear Trav,

Timeout with Trav: Exploring a low GPA

Timeout with Trav: Exploring a low GPA

Click here to read the intro to this new blog series! Send your admissions questions to timeout@veritasprep.com.

Dear Trav,

I had a 2.9 GPA in undergrad, although I had some extenuating circumstances. Do you think I have any chance of getting into a top-10 school?

Harvard, Wharton, Yale: What an Interview Can Show

Harvard, Wharton, Yale: What an Interview Can Show

My Harvard Business School interview was one of the most challenging obstacles I’ve ever faced in my life.  Perhaps more challenging than attending HBS itself.  It was by phone (very unusual) because I was based in Mexico and was frequently traveling to rural parts of the country.  It was timed – exactly the 30 minutes that was allotted to me.  My interviewer must have cut me off 4 or 5 times – she’d ask me a question and if she felt that she had either gotten the sufficient information or I was going in the wrong direction, she’d just stop me.  But by the end of it, I felt I’d made a good impression.  Not too good, but hopefully good enough.  There’s no way to know for sure, but it must not have gone too badly, as I was accepted first round to HBS.

Financial Times Business School Rankings for 2013

Financial Times Business School Rankings for 2013

Earlier this week The Financial Times released its new global MBA rankings for 2013. For the first time in eight years, Harvard Business School sits atop FT’s rankings, ousting last year’s #1, Stanford GSB. Harvard’s return to #1 marks the fourth time the school has topped the FT rankings since they were first launched in 1999. In fact only three other schools have ever topped the Financial Times rankings: Stanford, Wharton, and London Business School.

One driver of Harvard’s rise is its improvement in FT’s diversity measure, which rewards schools for having a greater percentage of female and international students. While 34% of Harvard’s Class of 2013 comes from overseas, 43% of the Class of 2014 are international. This surely is a reflection of Dean Nitin Nohria’s goal to boost Harvard’s international influence and outlook.

An Entrepreneur at HBS

An Entrepreneur at HBS

“What do you mean you didn’t even apply to Stanford?” folks would ask me when I told them I was going to business school to learn about technology, start-ups  and entrepreneurship.  It’s a fair question – in 2012, Stanford graduated 13% entrepreneurs versus HBS’s 7%. And this doesn’t even take into account the Stanford MBA’s who drop out to start business.  So why didn’t I apply to Stanford?  Wasn’t that the clear choice for tech entrepreneurship?  What was I thinking, going to HBS to start a company?

Timeout with Trav: Applying Round 1

Timeout with Trav: Applying Round 1

Click here to read last week’s intro to this new MBA admissions series! Send your admissions questions to timeout@veritasprep.com.

Dear Trav,

I’m thinking about applying to B-schools in the fall of 2013, but most deadlines are 9 or 10 months away. What should I be doing between now and then?

INSEAD Dean Dipak Jain to Step Down

INSEAD Dean Dipak Jain to Step Down

New INSEAD Dean Dipak Jain

Yesterday the Financial Times reported that Dipak Jain will step down as dean of INSEAD effective March 1, ending a two-year tenure as the school’s leader. INSEAD announced that Jain will stay with the school as a marketing professor. This news comes after Jain took an extended medical leave in 2012 to undergo extensive testing after complaining of exhaustion.

Filed in: Business School
Timeout with Trav: Exploring MBA Admissions

Timeout with Trav: Exploring MBA Admissions

Hello aspiring MBA friends! Trav here. I’m the Director of Admissions Consulting for Veritas Prep and I’m excited to launch this new series on the Veritas Prep blog called “Timeout with Trav.”  Each week, I’ll take time out to answer your questions about MBA admissions, B-school life, and any other fun topics you may decide to throw my way! (Feel free to be creative!)  To ask me a question, simply email it to timeout@veritasprep.com.

Four Predictions for 2013

Four Predictions for 2013

There is no shortage of opinion and points of view here at Veritas Prep. We’re an opinionated lot, and we’re also not afraid to stick out our necks and make a few predictions about how we see the worlds of test prep and admissions evolving in the coming year. The following are four trends and news items we expect to see emerge at some point in 2013:

At least one Top 20 MBA program will introduce an all-online MBA program.
Right now, Kenan-Flagler’s MBA@UNC is still the only game in town when it comes to top-tier business schools offering real, full-blown MBAs available online. The segment certainly still has a ways to go in terms of burnishing online education’s reputation, and UNC has tried to tackle this problem head-on with ads that go as far as to warn that you probably can’t get into its program. With most of the elite American universities making much more aggressive strides into online education (most frequently with MIT & Harvard’s edX or Stanford’s Coursera), it’s not hard to imagine that another top-ranked business school will soon move to offer a full MBA over the Internet in 2013.

MBA Admissions Reality Check: There's Only One Dilfer

MBA Admissions Reality Check: There's Only One Dilfer

Every January, two seemingly-different sets of lofty goals converge around the tale of one man; whether you’re applying to a top ten business school or trying to win the NFL’s Super Bowl, you need to remember that there’s only one Trent Dilfer.

Trent Dilfer, of course, is widely accepted as the (and we say this with admiration) worst (or maybe “least best”?) quarterback to win a modern Super Bowl, the most glaring exception to the commonly-held notion that a team needs an elite quarterback to win the NFL’s championship. Sure, teams with marginal quarterbacks say, most Super Bowls have been won by Montana, Brady, Elway, Aikman, Manning, Bradshaw, etc., but Trent Dilfer did win a Super Bowl, so we have a chance with our guy. But here’s the flaw in that reasoning — it’s easy to remember Dilfer’s name because he’s really the only one who fits that category. He’s surrounded in history by the all-time greats at the position, quarterbacks who won multiple Super Bowls and in other years nearly always had their teams in the hunt. Dilfer is the glaring exception, so we remember his name because he was so rare. There’s only one Trent Dilfer, so if he’s your guiding hope that your team can win with a lackluster quarterback, you’re grasping at incredibly thin odds.

Are You Thinking About Retaking the GMAT?

Are You Thinking About Retaking the GMAT?

Maybe some of you have been there: You didn’t quite break the score you were hoping to break; your quant or verbal is lower than you expected, or maybe your composite score falls below your target school’s range. Should you retake the GMAT?

For some, it may not be a tough decision. If your score is dramatically lower than you expected, and you’re very confident that you can do better, do not hesitate to take the test again. Schools commend applicants who boost their scores, and admissions officers do not penalize candidates who have taken the test more than once. They do, however, always prefer to see improvement. Think of your GMAT score as a data point. If there are two data points, and your second test score is higher than your first, admissions will conclude that you’re capable of that higher score. If they see two data points in descending order, then they may conclude that the first test score is a good indication of your best effort.

What Everybody Ought to Know About Our 2012 Predictions

What Everybody Ought to Know About Our 2012 Predictions

And just like that, another year has already come and gone. It’s time to check in and see how we did with the six predictions we made 12 months ago. We love sticking out our necks and putting forward an opinion in this space; it’s even better when we can back up what we write with accountability. Fortunately, the world didn’t end in December, affording us the opportunity to look back and see just how well our crystal ball worked last January.

Filed in: Business School, GMAT
Struggling to Meet Essay Word Counts? Try These 3 Editing Tips

Struggling to Meet Essay Word Counts? Try These 3 Editing Tips

If you’re hurrying to finish your MBA admissions essays before the Round 2 application deadlines, chances are that at least one essay is giving you trouble when it comes to meeting word length requirements. While MBA admissions officers are fairly understanding and are not out to penalize you for going over a word limit by a couple of extra sentences, adhering to word limits as closely as possible is a strong signal that you can communicate clearly and succinctly.

My Parent, the Boss

My Parent, the Boss

Today’s post comes from Nita Losoponkul, a Veritas Prep head consultant for UCLA. She received her undergraduate degree in Engineering from Caltech and went from engineering to operations to global marketing to education management/non-profit. Her non-traditional background allows her to advise students from many areas of study. She has successfully helped low GPA students get admitted into UCLA. 

How to Prep Your Recommenders

How to Prep Your Recommenders

Every component of your business school application is important, however, the recommender portion is a unique opportunity for the admissions committee to see how others perceive and evaluate you.

First, let’s cover the basics. While there is no right or wrong way to choose recommenders, most schools request at least one current or recent direct manager. Additionally, we strongly recommend that you waive your rights to read your recommenders’ submissions. This act demonstrates that you are confident in your recommenders’ abilities to advocate for your candidacy.

Distinguishing Yourself in Your MBA Applications

Distinguishing Yourself in Your MBA Applications

This Veritas Prep Head Consultant received a BA in Economics and Foreign Affairs from the University of Virginia and went on to The Fletcher School of Law and Diplomacy at Tufts. Eventually, she received her MBA from The Tuck School of Business at Dartmouth, and is now a Veritas Prep Head Consultant for Tuck. She has experience in environmental consulting, urban education, and finance.

Dear Professor...

Dear Professor...

Today’s post comes from Nita Losoponkul, a Veritas Prep head consultant for UCLA. She received her undergraduate degree in Engineering from Caltech and went from engineering to operations to global marketing to education management/non-profit. Her non-traditional background allows her to advise students from many areas of study. She has successfully helped low GPA students get admitted into UCLA.