On Monday, May 1, Chicago Booth stated that businessman and philanthropist Ross Stevens, Ph.D. '96, had given the school's Ph.D. program $100 million to help push the boundaries of academic business research. The program will be called the Stevens Doctoral Program to honor Stevens.
People often decide to pursue an MBA without giving it much thought, but that's not a good idea. Before you start getting ready to apply, you should really think about why you want to get the degree and make sure it's the right choice for you. Here are five indicators that can help you decide if you're ready to apply to business school or not.
Have you ever woken up from a recurring nightmare in which you had to take an exam for which you hadn't studied? No one likes the feeling of not being prepared. And this worry takes over many parts of our professional lives. No one wants to be caught off guard in front of an MBA admissions committee, a current client or boss, or even a networking event. The answer is to be confident in all of these conversations and presentations. How? Preparedness. In this blog post, we'll talk about what you should do to get ready for a variety of common career scenarios.
Becoming a great manager is essential for becoming a great leader. Good managers not only extract great output from their employees, but they also relieve the executive team of most of the day-to-day operations, allowing them to focus on more tactical challenges. Leaders develop a vision, while managers develop goals and guide their teams toward shared goals connected to that vision. This blog post will go over five strategies to becoming a successful manager.
MIT Sloan School of Management is ranked sixth out of all top business schools. With a 14% acceptance rate, this prestigious b-school is extremely selective who they chose to accept into their MBA program. So, what kind of students does Sloan seek out and how are their applications different from others’?
In the past, we have chalked this up to its unique end-of-October deadline and equally unique two-round admissions process. We even went as far as to say that we would bet on the application quality at Sloan is far lower than on other top business school programs. Candidates would not even even start on their Sloan apps until after the October 3-16 gauntlet of deadlines and then they race to finish because they fear waiting until the "last" round. Simply put, a lot of applicants have viewed Sloan as an after thought, and we've done our share of walking clients back from making mistakes associated with that mindset. Well, all of that has changed.
Our clients are reporting to us that during their visits to MIT a number of admissions committee members are "strongly encouraging" applicants to submit Sloan's Supplemental (Optional) essay. This is advice that should definitely be considered, but only if you really have something to say - not just a rehash of prior content or an ill-advised attempt at a goals statement. At a high-level, the supplemental essay is a test of your ability to deal with ambiguity. So consider this a de facto requirement, but (again) only if you have a different dimension of your character to bring to the table. If you can pass that sniff test - read on.
People don't talk about Sloan as much as its elite counterparts. Nobody immediately thinks about it in terms of being a top 5 program until you start digging and realize, wow, this program is insanely good. Most importantly, because of its unique end-of-October deadline and equally unique two-round admissions process, we would wager that application quality on Sloan apps is far lower than on other top programs (which is a *massive* problem if you want to be admitted there). Candidates often don't even start on their Sloan apps until after the October 3-16 gauntlet of deadlines and then they race to finish because they fear waiting until the "last" round. Indeed, since today is October 4th, it's something of a "last call" for Sloan interest. If you want to be serious about getting into MIT, you had better get started - and that includes bringing on a consultant.
