Tackling the Management Leadership for Tomorrow MBA Prep Program Application

Stanford UniversityThinking about applying to the premier MBA prep program for underrepresented minorities? Then you have already made a great decision! Management Leadership for Tomorrow (MLT) offers a comprehensive MBA prep program that has a track record of successfully landing minority applicants at some of the top MBA programs in the world. Before you read on, learn more about this program here.

Unlike other similar programs, MLT’s admissions process and criteria are almost as selective as the top MBA programs for which it serves as a feeder into. Let’s explore a few things to keep in mind as you begin to tackle your MLT MBA Prep application:

Eligibility:
As far as eligibility goes, you will need to be a U.S. citizen and an underrepresented minority to qualify for this program – only African American, Latino, or Native American candidates can participate. Also, you will need to be a college graduate of a four-year university and have at least one year of post-graduate work experience.

GMAT Score:
As part of the application process, candidates will need to take an official or practice GMAT exam and score at least a 500. If admitted into the program, candidates will have to submit an official score by January 15th 2017.

Essays:
Essays for an MBA prep program? Yes, you guessed it! Applying to the MLT MBA Prep program is serious business. MLT asks for its applicants to complete both traditional essays as well as video essays to be considered. Take the essay portion seriously – the more you can connect your career goals to some underlying passion and ability to give back to the community, the better off you will be. MLT loves mission-based MBA journeys, so if there is an underlying passion driving your MBA goals, make sure to communicate this in your application essays.

Application:
As I’m sure you can tell by now, there are many similarities between actual MBA applications and the MLT MBA Prep application. Your application will need to include a resume that captures your work experience and other relevant interpersonal skills, like leadership and teamwork. Another factor that is important in the evaluation process is your recommendations, so I would also make sure you have sound recommenders lined up.

Cost:
Very few things in life, are free and something as valuable as the MLT MBA Prep program also comes at a cost. But hey, when considering admission into the school of your dreams is a potential outcome, then the costs seem may seem more negligible. The actual application fee is relatively minor – coming in at $95 – but if admitted, fellows are required to submit a $750 program fee. The silver lining here is that $250 of that program fee is refundable at completion of the program.

MLT’s MBA Prep program represents a fantastic opportunity and a great pre-MBA program for minorities. Although the application process may seem cumbersome, the opportunity to take advantage of all of MLT’s resource and achieve your MBA goals is something that cannot be passed up!

Applying to business school? Call us at 1-800-925-7737 and speak with an MBA admissions expert today, or take our free MBA Admissions Profile Evaluation for personalized advice for your unique application situation! As always, be sure to find us on FacebookYouTubeGoogle+ and Twitter.

Dozie A. is a Veritas Prep Head Consultant for the Kellogg School of Management at Northwestern University. His specialties include consulting, marketing, and low GPA/GMAT applicants. You can read more articles by him here.

Understanding the Management Leadership for Tomorrow MBA Prep Program

duke-universityEven with recent strides, top MBA programs have a long way to go when it comes to ethnic diversity. The chasm is even wider when it comes to underrepresented minorities, which include African American, Latino, and Native American students.

Thirty percent of the U.S. falls into one of the three categories above, but only three percent of U.S. senior leadership is African American, Latino, or Native American. As the business world continues to diversify, most top MBA programs struggle to reflect the realities of the changing face of business and consumer audiences.

Management Leadership for Tomorrow (MLT) has been working to improve these numbers since 2012. This non-profit organization and their flagship MBA Prep Program offers a rigorous and comprehensive guided roadmap to securing admission into top business schools.

MLT does this by leveraging a staff of experienced admissions professionals who have spent time at some of the best MBA programs in the world. MBA Prep fellows receive on-on-one and group support from these experienced professional as they navigate their MBA journey. Included in this journey is pre-application access to representatives from the top 25 MBA programs. This opportunity to interact directly with MBA programs provides fellows the opportunity to foster positive relationships with schools and create more tailored applications.

MLT’s MBA Prep also provides fellows with the opportunity to attend symposiums, which facilitates networking, skill development, and overall application prep. During these symposiums, fellows also have the chance to meet with potential blue chip employers like General Mills and Deloitte, as well as top MBA programs like Kellogg and HBS. These stakeholders see the value MLT offers to their organizations and consistently offer both financial and non-financial support for the non-profit.

The support does not stop once a fellow receives admission into an MBA program – MLT offers lifelong access to the program’s offerings and inclusion into their 5,000+ strong community of diverse professionals. For many candidates, without this program, the dream of matriculating to a top business school would be just that, a dream. MLT has stood out from the pack as a leading pipeline for diverse candidates into top MBA programs and blue chip companies all over the world. If you fit MLT’s admissions criteria, make sure you identify if MLT’S MBA Prep is a fit for you.

Applying to business school? Call us at 1-800-925-7737 and speak with an MBA admissions expert today, or take our free MBA Admissions Profile Evaluation for personalized advice for your unique application situation! As always, be sure to find us on FacebookYouTubeGoogle+ and Twitter.

Dozie A. is a Veritas Prep Head Consultant for the Kellogg School of Management at Northwestern University. His specialties include consulting, marketing, and low GPA/GMAT applicants. You can read more articles by him here.

Why It’s Hard to Be a Poet in Business School

Make Studying FunOnce MBA classes start, they move very quickly, and although you’ll want to spend a lot of time outside of class trying to understand the new concepts you are learning, you won’t have much time. For someone who doesn’t have a strong quantitative background, taking statistics, accounting, and economics at the same time can be quite challenging. If you’ve never seen a financial statement or learned how to do derivatives, you might want to consider doing some work before you get to campus.

Take a look at what classes you’ll need to take over the course of your MBA program. These will likely be similar across programs, so you can figure out which classes will be most helpful for you to take at your local community college, extension program, or online before school begins. If you’ve never taken economics, pick up a book about demand curves and learn how businesses determine how much of a product to sell. If you haven’t taken a math class since your freshman year of college, take at least one before you get to campus.

With a basic understanding of statistics, accounting, and economics, you’ll be much more successful during your first year of school, and you’ll also be a great resource to your classmates who might be struggling a bit more than you. Recommended classes to take are business statistics, financial accounting, and microeconomics, but if you only find “accounting” or “statistics” courses, those will still be quite helpful.

Taking on extra quant-based coursework might seem like a daunting task while you’re working full time, studying for the GMAT, and writing essays for your business school applications, but it is definitely worthwhile – just think, you’ll be this busy if not busier in business school, so you might as well start now and learn how to manage your time. Those quant classes will also help you prep for the GMAT, so it’s really a win-win.

When you’re feeling overwhelmed during your first few weeks of school, just remember that you’re not alone. There will be a lot of people in your class who come from a humanities background, and you will still have a lot to offer your classmates, even if it is not through your accounting or statistics expertise.

Applying to business school? Call us at 1-800-925-7737 and speak with an MBA admissions expert today, or take our free MBA Admissions Profile Evaluation for personalized advice for your unique application situation! As always, be sure to find us on Facebook, YouTube, Google+ and Twitter.

Colleen Hill studied Middle Eastern and North African Studies at UCLA before heading to Michigan’s Ross School of Business to pursue international development consulting in Africa. She’s very happy she took accounting and statistics in the year before she moved to Ann Arbor.

The Most Important Thing to Focus On When Applying to Business School With a Low GPA

08fba0fGoing into the MBA application season with a low GPA can be an unnerving situation. Your GPA was set long ago, you are years removed from your undergraduate days, and you know this statistic will appear in your applications no matter what. What can you do?

Well, the first thing to keep in mind is that your GPA is not evaluated in a vacuum – all GPAs are not created equally, so depending on the reputation of your undergraduate college, rigor of your major, and performance in your analytical courses (hopefully you have taken some), the perception of your GPA can rise or fall from the actual number on your transcript.

Assuming you actually have a low GPA – one that is “materially” below the listed average score at your target program – now is the time to take action. Now, these tips are really only potential options for those who have the time to follow them; if you are closing in on an application deadline, it will be difficult to make much of an impact here. For most, the two major options you have to address a low GPA are to take additional coursework and/or focus on your GMAT score.

As referenced earlier, your GPA is not an independent data point. It often is taken in concert with other factors, and the most impactful of these is one’s GMAT score. In the eyes of the Admissions Committee, the GMAT is similar to your GPA – both are seen as measures of your intellectual aptitude, and both are also considered to be indicators of your ability to perform in the heavily analytical first year of business school. So, if you are suffering from a low GPA, then the best action you can take to mitigate this red flag is to work on improving your existing GMAT score and aim to exceed the GMAT average of your target program.

For many, this may not be the best approach – a more obvious approach might be to take some additional coursework to counteract the low GPA. This is also something that could help, but when considering the more impactful approach (especially considering the time commitment each option requires) it can be difficult to do both for a working professional. This fact places even more importance on how a candidate prioritizes the limited time they are given during the application process.

Low GPA holders rejoice! All is not lost – prioritize your GMAT score to counteract that red flag and give your application a better chance at success.

Applying to business school? Call us at 1-800-925-7737 and speak with an MBA admissions expert today, or take our free MBA Admissions Profile Evaluation for personalized advice for your unique application situation! As always, be sure to find us on Facebook, YouTube, Google+ and Twitter.

Dozie A. is a Veritas Prep Head Consultant for the Kellogg School of Management at Northwestern University. His specialties include consulting, marketing, and low GPA/GMAT applicants. You can read more articles by him here.

Announcing MBA LaunchPad 2008

We’re pleased to announce MBA LaunchPad 2008 — our first annual event designed to help business school-bound students prepare to hit the ground running from the moment they set foot on campus. MBA Launchpad 2008 will be held on August 5th and 6th in New York City at NYU’s Kimmel Center.

For years we have helped applicants get into the most competitive business schools, and many of them have asked us, “No that I’m in, what do you recommend for classes or materials to help me do well once I get there?” Knowing that the first couple of months are crucial to a business school student’s success, we decided to build our own program to help students tackle the three most important aspects of an MBA program:

Academics
Veritas Prep has assembled a team of world-class professors from elite business schools including Columbia and Stern. They won’t simply teach you the basics of the core MBA subjects — instead they will show you how to effectively approach these topics and achieve the highest grades without wasted effort.

Career Management
MBA LaunchPad has brought together business school graduates who successfully landed job offers from the most competitive firms in management consulting, investment banking, healthcare, and other industries. Step by step, they will show you how to use networking to land competitive job interviews, and ultimately ace every type of interview, from finance-focused formats to consulting cases.

Extracurricular Involvement
At MBA LaunchPad current business school students will teach you how to network effectively in order to build personal and professional relationships that will last a lifetime. They will also give you candid advice on where you should and shouldn’t spend your time outside the classroom — giving you a crucial advantage as you manage your hectic schedule.

The two days will also feature social events and networking opportunities to give you a chance to meet other like-minded new MBA students.

Registration is $1,200, and is open until August 1, or until it fills up (whichever comes first). Veritas Prep clients are eligible for a substantial discount. Visit the MBA LaunchPad 2008 site to learn more and to register!