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June 25, 2008
 

MBA Express


NEWS  THIS WEEK'S TOP STORY

Choosing Kellogg

From the day they called to tell me I'd been accepted, the Kellogg community has made it clear they want me—not just someone like me



  MORE TOP STORIES
MBA JOURNAL: B-SCHOOL UPDATE
The One-Year MBA Is Done. What's Next?
Larry Kao describes what Said students face now that they're nearing the end: "We're almost outta here. Where has the time gone?"

GETTING IN
Five Ways to Ruin an Application Essay
Looking to write an application essay that will push you to the bottom of the applicant pool? Here are some good ways to do it

GETTING A JOB
Interview Questions from Left Field
Potential employers enjoy asking MBA applicants some off-the-wall questions. Here's how to not get rattled

VIDEO VIEWS
Villanova's New Spin On Curriculum
Villanova launches an ambitious new undergraduate b-school curriculum this September.Faculty across disciplines will be team-teaching and classes like accounting and finance will merge

B-SCHOOL NEWS
Want to Be an MBA Journal Writer?
It's time for BusinessWeek.com to start planning a new series of MBA Journals. Here's how you can become part of this select group of writers

 B-SCHOOL FORUMS
Visit BW Online's interactive forums for wide-ranging discussions about management education. Search through over 1,359,000 posts for topics that interest you. Join in today! Here are a few samples of recent messages:

Getting into B-School: Recommender Dilemma

From: sonibubu
To: ALL

I currently work as an engineer and so I can't use a current supervisor as a recommender as it would jeopardize my job potentially. I have two recs that are lined up:

-Engineer that supervised me 6 months on a project in my previous position 2.5 years ago.
-A person I work with in my volunteering efforts. He is the class teacher, I am an assistant.

The problem is that none of these guys were ever my manager. Also, the engineer only worked with me for 6 months (is that a sufficient time period?).

I tried to get the CEO from my old company, but he has taken an indefinite leave of absence and I can't rely on him. How badly does this hurt my apps? I know it will affect my Kellogg app because I need 2 professional recs for their career progress surveys. Maybe I can get another person I worked with previously to help me out with K.
------------
From: Martian
To: sonibubu

Rather than looking for someone with an impressive sounding designation (CXO) - I'd recommend going with someone who knows you better and can stand behind you (a 3 feet distance has been known to work best) and support the rest of your application. If you have mentioned about growth and learning in those 6 months, then I'd want to know if your superior shares the view as well.

If the CXO who doesn't know you writes a standard template recommendation with flowery adjectives, it may actually damage your chances rather than working in your favour.
------------
From: sonibubu
To: Martian

My primary concern is that the professional rec is coming from someone who only supervised me for 6 months, and that was over 2 years ago. I'm hoping the adcoms don't see this as a weak rec. I'm confident in the rec from my volunteering activities.
------------
From: DanInVA
To: sonibubu

Explain your situation in the optional essay and tell them why you chose those recommenders, and could not go to your immediate supervisor. This is a fairly common phenomenon.
----------------------------------------------------------


Getting into B-School: Private Loans

From: einscot
To: All

I have a quick question. The school I am attending has certified my loans (full amount for Stafford) and the Grad Plus will be covering the rest of the "estimated costs" that the school has provided. I attempted to get an additional loan of a small amount in an effort to cover moving expenses and the like to get set up, but the school says that's not possible. They said once I have the loans for the "full estimated amount of attendance" (as determined by them), that they will not certify any additional loans. My question is- what should one do in this situation? My assumption is that places like Chase, Citi, Wachovia, etc will all want to send the loan amount to the school for certification and I already know the school will reject it. Does one just live on the credit card debt for that? I'd rather not since one can't defer those loans while in school. Any suggestions or does anyone know an alternative?
------------
From: DSchwa
To: einscot

I've heard from others about one school in particular, that you can go to fin aid. requesting additional funds to be added to your estimated budget. Of course, you need to demonstrate some sort of hardship or serious need and they will grant a one time extra amount on top of what was originally granted to you. You can receive private loans on this excess amount.

Again, this is for one school in particular, so I would check with your fin. aid office. I'm sure students run into this situation all the time.

Also, if you can't live on their budget without having some sort of outside contingency (illness, family, etc), you may want to analyze your spending habits.
------------
From: riverripper
To: einscot

You can get a private loan or you can put it on a credit card. It may sound terrible but if you find a credit card with 1 year interest free you could put it on that and then pay it off with your internship money.
------------
From: einscot
To: DSchwa

I have no problem living within the budget once I actually get to school... the problem is that moving cross country is not cheap and I would prefer to not have to use my credit cards (which I just paid off)- because then I'll be using student loan budget money to pay off moving expenses on the credit cards. I just wanted to know if there were separate outside sources which would take these considerations into account and work with me on that, but it doesn't appear to be the case.
------------
From: DSchwa
To: einscot

Yeah, I get what you are saying. I know that loans aren't disbursed until right up to the start of school and usually they are given to the school first and you get reimbursed. Most schools say to allow for 1-2 months living/moving expenses before you get the loans.

If at all possible, I would say to use your own funds/savings as as temporary loan and then reimburse yourself with the loan proceeds. The 3% on savings you will lose is a lot better than the high percent you will pay on your credit cards.

Either way, good luck with the move and with school.

 B-SCHOOL BLOGS
View over 4,500 blogs in our MBA Blogs community today! Share your journey, meet new friends, and expand your network. Connect with MBA students, applicants and alumni from Columbia, Kellogg, Notre Dame, and more! Become a blogger today! Here's an excerpt:

An Innovative Approach Towards MBA Course
By carlhopper
Comments: 0 Stars: 0


The University of Central Oklahoma started its MBA program teaching with the goal of teaching the business functions from a different angle. The result as expressed by Dawna Terell, director of UCO MBA program has been an integrated MBA program with no prerequisites and team teaching. "We decided we wanted to take a hard look at the curriculum and be innovative," she said. They have decided to change the curriculum and have designed a real innovative curriculum. The MBA program has seven courses. The period of completion is four semesters that is 2 years. It could also be completed earlier. Ms.Terell says that it's an extremely flexible program. They have combined the course of accounting and marketing and haven't kept it as a separate course and it would be really helpful for students to diverse knowledge and they could easily develop a competitive edge. Terell says that program combines the theory and practical application which can easily enable them to develop the leadership and management skills in business. The innovative approach introduced seems that it would help many students to develop their business and be successful entrepreneurs.
FOR THE FULL VERSION


 WORDS OF WISDOM
MBAs Answer: "Has having an MBA had a significant effect on you professionally?"
-------------------------------------------

Yes, my Master's degree opened many doors that were not previously open which provided me with significant career advancement opportunities. I wouldn't be in my current job today, since one of the requirements for this position is to have a Master's Degree. -Thunderbird '93; Marketing Executive

The MBA has definitley given me a leap in credibility. People respect your opinion and view you as an authority in your field. -Dartmouth (Tuck) '98; Entrepreneur

The MBA definitely gives you more professional credibility. I work in a creative firm with mostly non-MBAs, so I have a whole different set of skills than most of my peers. Also, the MBA network has helped enormously in developing new client relationships. If a potential client doesn't know you from a hole-in-the-wall, at least you'll get some measure of respect simply by having your MBA. -Dartmouth (Tuck) '99; Consultant

Absolutely, I feel it's made a difference. I think I have a lot more credibility - certainly in the job I'm in now as the Director of Admissions for an MBA Program - but even before I made this change to a non-traditional MBA career path. It's also made a difference in the way that I approach problems and issues in the workplace. I have a lot more confidence that the framework I use or the tools I use are the most effective and efficient ones. -Stanford '92; Admissions Director

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  B-School Insider
Dear Reader:

Each year, an industrious group of MBA students provides its take on business school life in our MBA Journals. This week, two of these writers reach milestones. Brandon Cornuke, who has described the ins and outs of the application process, describes how he decided on Northwestern's Kellogg School for his MBA. And Larry Kao, who has spent the past year describing his education at Oxford's Said Business School, contemplates life after graduation.

Meanwhile, for would-be students pondering their own MBA admissions process, we offer some advice for making sure that you don't sink your chances with a gaffe on one of your application essays. And, for those leaving school and facing a recruiting interview, there's some tips on handling some of those now-famous quirky interview questions - such as "Why is a manhole cover round?"

Until next week,
Phil Mintz
B-Schools Channel Editor


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Reader Richard Meyer Writes:

"Consumers have more power than they have ever had before. Just one person with a blog can sink the best marketing campaign."

Tell Us: Read the Story and Tell Us What You Think >

 

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B-School Calendar
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