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February 11, 2009
 

MBA Express


NEWS  THIS WEEK'S TOP STORY

Five Years to B-School: The Fifth Year

In a year you'll be in business school. So wrap up things at work, finalize your list of top schools, and tackle those application essays



  MORE TOP STORIES
GETTING IN
B-School Tales from the Front
Readers weigh in on the best way to prepare for the MBA admissions process

FINDING A JOB
MBA Job Outlook Dims
New research suggests fewer companies will be hiring MBAs this year, and salaries in tech, financing, and manufacturing will be flat or down

MBA JOURNAL: YEAR TWO
Choosing the Right Door
Recruitment isn't quite the same since the financial crisis, but Darden graduates still have plenty of opportunities

VIEWPOINT
Business Schools: A Failing Grade on Ethics
The time for teaching analysis of ethical problems is over. Students must be given the tools to act decisively when it's easier to run with the crowd

 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: Ethical Dilemma

From: ce123
To: ALL

"Give me an example of an ethical dilemma you've experienced."

Anyone have a good answer to this interview question? I can't say I am in a professional position to experience ethical dilemmas very often, but I feel like I need to have something to say here.

Thanks!
------------
From: laurjame
To: ce123

How about when you thought about using a response to an MBA application essay question from the BW B-school forums?
------------
From: cthem
To: ce123

Just say:

"I knew you would be asking me this question, but I haven't really had any ethical dilemmas in my career. So I faced an ethical dilemma in that I had to decide to be honest with you about that fact or fabricate an ethical dilemma for the sake of the interview. I ultimately decided to lie to you and make up an ethical dilemma."

(now tell them the fake ethical dilemma).

"I feel that I made the right choice in talking to you about an ethical dilemma that never occured, but that seemed much better for my interview. I am sure you will agree as it was clearly a much more illustrative anecdote that will aid you in your decision and put me in a more positive light than had I simply said that I have not faced any ethical dilemmas."

Then high-five them and walk out of the room. If you are now in a common area with other applicants waiting for interviews, jump into the air and thrust your arm up in triumph.
------------
From: RubyDoomsday
To: ce123

This doesn't have to be exclusively relating to your work. They want to see how you may POTENTIALLY handle ethical dilemmas as a CEO or whatever. Do you have any personal ones? Was a friend ever in trouble and you needed to decide if you should get other people involved and violate their confidence? What about when you were young? Did you get caught with a fake ID? Was there ever a time when lying would have been easier, but you chose to tell the truth? Did someone advise you to "pad" your resume or you wouldn't get into b-school? The key is to explain what you did about the dilemma, the situation itself is of little consequence.
----------------------------------------------------------------------

Getting into B-School: Age Bias

From: zoel
To: ALL

I heard some top schools (HBS/S/W) are biased towards certain age. Is 30 a disadvantaged age? Your thoughts will be appreciated.
------------
From: vequis
To: zoel

I'm 30 and will be turning 31 shortly. I only applied to W, but was admitted R1. I think people make a bigger issue of age than it really is. It comes down to "why mba"/"why now" more than the year you were born. Best of luck!
------------
From: ce123
To: vequis

Wharton has an older student body than Harvard and Stanford - i.e. all else equal it is easier for an older individual to get into Wharton and a younger individual to get into Harvard and Stanford.
------------
From: rsp33
To: zoel

Having gone through a couple of admissions cycles, I'd give the opinion that there are some schools more receptive to candidates near/at 30 (Kellogg, Tuck, CBS) than others (HBS, Stanford in particular). Doesn't mean they don't admit any 30+ applicants, but just that it's likely the ones they do are pretty outstanding.

I think at some schools there is a chance the same person gets admitted at 25 who - if continuing on the same career path with normal progression - gets rejected at 30. Comparative disadvantage at a higher age.

It's possible to get into those schools, but it would probably help to have a mitigating factor in your profile (I started/sold a business, played pro sports, went to med school, was in the military, etc). Also connecting it to a clear post-MBA goal that is unique and incorporates your experiences.

 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:

GMAT Prep Blog: GMAT Tip of the Week - Delusions of Grandeur
By Veritas Prep
Comments: 0 Stars: 0


If you are reading this, there is a high likelihood that you are a successful person; other than the occasional Googler-gone-astray, those who find a blog that specializes in admissions for elite MBA and JD programs tend to be students or young professionals who would like to advance their careers to an even higher level. Assuming that the description fits, congratulations to you!

When it comes to the GMAT, however, your prior success may hold with it a key to your undoing. As a successful professional, you have undoubtedly been able to make decisions based on gut feel or a calculated high probability - you've correctly hypothesized that a stock price might rise, or that a corporate initiative would yield positive returns; you've effectively chosen between academic majors and job offers; you've made purchases and decisions with incomplete information and feel confident that your choices were correct. At this point, you feel comfortable with your ability to assess probability and make good decisions accordingly.

On the GMAT, however, questions that ask you to draw a conclusion - "based on the above we can safely conclude that..." - require an answer that must be true based exclusively on the information given. These questions often pose a problem for successful individuals, who would rather provide a compelling answer with a high probability than a less exciting answer that is definite. When faced with the need to draw a conclusion on the GMAT, keep in mind that the conclusion must be true, but need not be exciting.

For more help on the GMAT, visit Veritas Prep to find a prep course near you. Or, take a look at Veritas Prep's online GMAT prep options.
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  B-School Insider
Dear Reader:

It was another dark week in b-school land. The morning paper brought news of another 598,000 job losses in January, and the until-recently-high-flying Harvard endowment announced plans to shed 50 of its own. This on top of similar layoff plans at Stanford's Graduate School of Business last month. Meanwhile, B-School deans from all over the world huddled in San Francisco to mull over their increasingly limited options. It's enough to make the dot-com bust look like child's play.

So it takes a brave woman to say what Mary Gentile does in her Viewpoint column, "Business Schools: A Failing Grade on Ethics." She argues persuasively that b-schools are at least partly responsible for the mess the world is in because they've failed to equip graduates with the tools they need to act decisively when confronted with the kinds of corporate misbehavior that's at the heart of the economic crisis. If b-schools taught students to act, instead of analyze, she argues, there would have been fewer risky bets, and we'd all be a lot better off. Let's give this thesis the lively debate it deserves - read her column and contribute your own two cents. Assuming you still have two cents to spare.

Louis Lavelle
Business Schools Editor
BusinessWeek

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  Tools & Features

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Check out this feature-rich area for advice and tools that will help you choose the right B-school -- and develop a strategy for getting accepted

Full-Time MBA Rankings & Profiles
BusinessWeek's Top 30 U.S. programs and Top 10 international programs. Plus, scan in-depth profiles of more than 300 full-time programs around the world

The Best Undergraduate B-Schools
Undergrad business programs are getting MBA-like respect, and competition to get into them is hotter than ever. Here's how the top schools stack up

B-School Calendar
BusinessWeek.com's scheduling tool will give you an idea of upcoming events at B-schools in the U.S. and around the world. You'll find information on admissions receptions, application deadlines, networking events, alumni events, conferences, and much more.

EMBA Rankings & Profiles
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