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Creating Your Long Term MBA Plan

           Jeremy Shinewald
      Founder/President, mbaMission
       Be sure to visit mbaMission new Facebook Page at
www.facebook.com/mbaMission. For every 10 people who “like”
 our page, until we reach 500 “likes”, we will randomly select one
   person to receive a copy of our Long Term Planning Guide.


                     March 22, 2011
Table of Contents

1. The Current MBA Admissions Climate
2. Creating My Long Term Plan: No Time Like the
   Present
3. Creating My Long Term Plan: My 12 Month
   Calendar
4. mbaMission/Q&A
Section 1:

The Current MBA
Admissions Climate
The Current MBA Admissions Climate
A Bubble Builds                           “Easy, Easy…”
2007–2008 Application Year                2008–2009 Application Year
   Application Volume                       Application Volume
       HBS: 15% Increase                         HBS: 24% R1 Increase, down 5% overall
       Tuck: 15% Increase                        MIT: Record Volume, Decrease in R2
       Wharton: 20% Increase                     Tuck: Application Volume is Flat
       MIT: 30% Increase                         Cornell: Decrease of 14%; Ross R2 Down

   Mortgage Crisis                          Mortgage Crisis
       Applicants Seeking “Shelter”            •    Cautious Applicants

   Internationals Increasing                Internationals Decreasing
       Increase in Indian/Chinese Apps.            Difficulty Obtaining Loans
       European Applicants

   Aging of Baby Boomers                    Aging of Baby Boomers
       Need for “Replacement” Talent               Boomers Are Not Going Anywhere




                                                                                     4
The Current MBA Admissions Climate

The Bubble Slowly Deflates
2009–2010 Application Year
 Mixed Reports on Application Volumes
     NYT Reports on a “flattening out” and “slow down”
     Difficult employment climate for MBAs/Challenging to get loans

2010–2011 Application Year
 Opportunity Knocks
     Easier to get in/easier to find jobs

2011–2012 Application Year
 Looking Up?
     Job picture is not robust, but improving
     Banks are back on campus
     Consulting firms never left campus


                                                                       5
Section 2:

Creating My Long Term Plan:
“No Time Like the Present”
Creating My Long Term Plan

                          Leadership                                        Diversity/     Mutual “Fit”
   Academic                                        Interpersonal
                          Experience                                    International       with Target
   Abilities                                                Skills
                         and Potential                                    Experience           Program


■ Under-graduate   ■ Reflected in           ■ Reflected in        ■ Reflected in    ■ Reflected in All
  Grades/            Essays, Resumes,         Interview, Essays     Essays and        Components of
  Academic Rigor     Recommendations          and                   Recommendations   Application
                     and Interview            Recommendations                       ■ Class Visits and
■ GMAT Scores                                                                         Networking
                   ► Professional
                     Trajectory
                   ► Community and
                     Volunteer Activities
                   ► Personal
                     Accomplishments/
                     Experiences
                   ► Career Ambitions




                                                                                                          7
Creating My Long-Term Plan
                                                     Leadership                         Diversity/   Mutual “Fit”
                                      Academic                     Interpersonal
                                                     Experience                     International    with Target
                                       Abilities                           Skills
                                                   and Potential                      Experience        Program




What Are My Next Steps?
Prepare for the GMAT

     Enroll in a Class Now!
        Nine-Week Class + Four Weeks of Study = May 30th(?) Test
        May Need to Take the GMAT Two or Three Times




The Crucial Question: What Should My Target Score Be?




                                                                                                                8
Creating My Long-Term Plan
                                                      Leadership                         Diversity/   Mutual “Fit”
                                       Academic                     Interpersonal
                                                      Experience                     International    with Target
                                        Abilities                           Skills
                                                    and Potential                      Experience        Program




What Are My Next Steps?
Bolster Your Academic Profile

     Enroll in a Winter/Spring Course
        Recover from Poor Academic Performance
        Establish Academic Competencies
         New York: NYU, Baruch, Fordham, Rutgers, Pace
         Calculus, Statistics, Economics, Finance, Accounting



The Crucial Question: What Constitutes a Good GPA?



                                                                                                                 9
Creating My Long-Term Plan
                                                   Leadership                         Diversity/   Mutual “Fit”
                                    Academic                     Interpersonal
                                                   Experience                     International    with Target
                                     Abilities                           Skills
                                                 and Potential                      Experience        Program




What Are My Next Steps?
Engage in Community/Leadership Activities

       Community Service: Why?
       Community Service Is Not a “Sentence”
       It Is Not Too Late: 7 Months of Impact



The Crucial Question: Do I Have Enough Leadership Experience?




                                                                                                             10
Creating My Long-Term Plan
                                                    Leadership                         Diversity/   Mutual “Fit”
                                     Academic                     Interpersonal
                                                    Experience                     International    with Target
                                      Abilities                           Skills
                                                  and Potential                      Experience        Program




What Are My Next Steps?
Advance Personal Goals

     An Aspect of the Process that Is Fully in Your Control
     Unique Opportunity to “Own” Your Story
     Take advantage of existing opportunities
        CFA
        Marathon
        Publication
        Travel/Languages

The Crucial Question: Is This Even Relevant?


                                                                                                              11
Creating My Long-Term Plan
                                                     Leadership                         Diversity/   Mutual “Fit”
                                      Academic                     Interpersonal
                                                     Experience                     International    with Target
                                       Abilities                           Skills
                                                   and Potential                      Experience        Program




What Are My Next Steps?
Get to Know Your Target Programs
     Reputation/Prestige   Rankings vs. Reality
     Location              Urban Campus vs. College Town
     Class Size            Intimacy vs. Anonymity
     Teaching Method       Lecture vs. Case
     Core Curriculum       Mandatory Core vs. Flexibility
     Recruiting            Target Firms Come to Campus?
     Specializations       Marketing, Finance, International?
     Alumni Base           Size, Depth, Loyalty?
     Facilities            Modern vs. Antiquated
     Professors            Teaching vs. Research



                                                                                                               12
Creating My Long-Term Plan
What Are My Next Steps?                      Academic
                                              Abilities
                                                            Leadership
                                                            Experience
                                                          and Potential
                                                                          Interpersonal
                                                                                  Skills
                                                                                               Diversity/
                                                                                           International
                                                                                             Experience
                                                                                                            Mutual “Fit”
                                                                                                            with Target
                                                                                                               Program


Get to Know Your Target Programs



     Reputation: Business Week #1               Reputation: Business Week #14
     Location: Chicago (3rd in USA)             Location: Hanover (“college town”)
     Class Size: 550 per class                  Class Size: 240 per class
     Teaching Method: Flexible                  Teaching Method: Case Emphasis
     Core Curriculum: No Core                   Core Curriculum: First Yr. (1 Elective)
     Recruiting/Specialization:                 Recruiting/Specialization: Consulting
      Finance Only?                               Only?
     Alumni: 42,000                             Alumni: Less than 10,000
     Facilities: Harper Center (2004)           Facilities: Upgrade in 2008
     Professors: Research/Teaching              Professors: Teaching/Research



                                                                                                                      13
Creating My Long-Term Plan
                                                    Leadership                         Diversity/   Mutual “Fit”
                                     Academic                     Interpersonal

What Are My Next Steps?               Abilities
                                                    Experience
                                                  and Potential
                                                                          Skills
                                                                                   International
                                                                                     Experience
                                                                                                    with Target
                                                                                                       Program




Get to Know Your Target Programs:
    Preliminary Steps:
       Admissions Blogs
       mbaMission Blog
       mbaMission Insider’s Guides
       Chat Boards
       Q&A Sessions
   The Extra Mile:

       Visit Campuses NOW
       Meet with Alumni
       Meet with Current Students
The Crucial Question: Fit, Really?

                                                                                                              14
Part 2:

Creating My Long Term Plan:
My 12 Month Calendar
Creating My Long Term Plan

   March (Now!)
       Start your GMAT Studies
       Visit a Target School (or Two or Three)
       Start to Advance Comm./Personal Objectives
       Pursue Firm Sponsorship




                                                     16
Creating My Long Term Plan
   April
       Meet with Alumni and Students
       Assess Recommenders & Connect w/ “Old” Recommenders
       Visit a Target School and Narrow Choices
       Complete Informational Interviews
       Prepare Your Resume

   May
       Take the GMAT (Hopefully Once!)
       Define Target Schools
       Start a Summer Course
       Brainstorm and Start Writing Essays

                                                          17
Creating My Long Term Plan
   June
       GMAT Again?
       Do Well on those Midterms
       Continue Writing Those Essays

   July
       GMAT One Last Time?
       Meet with Recommenders

   August
       Complete Coursework
       Follow-Up With Recommenders

                                        18
Creating My Long Term Plan
   September
       Polish Essays and Seek Feedback
       Harangue Recommenders

   October
       Submit Round One Applications
       Visit Remaining Target Schools
       Take a Deep Breath

   November
       Plan Interviews
       Evaluate Progress and Consider New Target Schools

                                                            19
Creating My Long Term Plan
   December
       Polish Essays and Seek Feedback
       Interview with Target Schools

   January
       Submit Round Two Applications
       Enjoy Acceptances
       Plan Interviews
       Waitlist Letters

   February
       Visa/Scholarships/Reassess Targets?

                                              20
Creating My Long-Term Plan
        “What Is This Session Really About?”
Present to August 2011 (4+ Months!)                Aug. 2011 – Jan. 2012

 Take a GMAT Class and the GMAT                   ►   Apply to Business School
 Bolster your Academic Profile                    ►   Apply to Business School
 Engage in Community Activities                   ►   Apply to Business School
 Advance Personal Goals                           ►   Apply to Business School
 Visit Campuses                                   ►   Apply to Business School
 Meet with Alumni/Current Students                ►   Apply to Business School
 Connect with and Evaluate Recommenders           ►   Apply to Business School
 Prepare Your Resume                              ►   Apply to Business School
 Conduct Informational Interviews or Job-Shadow   ►   Apply to Business School
 Firm Sponsorship?                                ►   Apply to Business School
 Prepare Responses to Short-Answer Sections       ►   Wait for Decisions


                          Time Management!

                                                                                  21
Section 3:

mbaMission/Questions and
Answers
mbaMission: Boutique Admissions Consultants

About mbaMission
    Elite Communicators
    Unique MBA Experience
    Not a Website, a Firm – Our Team is Front and Center
    External Validation, Not Arbitrary Success Rates
    Already Working for You
    Admissions Experience
    Complete Start to Finish Package
    Blog/Events/Book



                                                            23
mbaMission: Boutique Admissions Consultants


We will guide you through our “Complete Start to Finish Process”:
 Candidate assessment, application strategy and program selection

 Brainstorming and selection of essay topics

 Outlining and essay structuring

 Unlimited essay editing

 Letter of recommendation advice

 Resume construction and review

 Interview preparation, mock interviews and feedback

 Post-acceptance and scholarship counseling




                                                                     24
mbaMission: Boutique Admissions Consultants

Akiba Smith-Francis, Senior Consultant
   Harvard College, Harvard Business School, Kennedy School of
    Government
   McKinsey & Co.
   Board of Directors, Cool Kids Learn and Smith Leadership Academy
   Publications: Moxy Magazine

Monica Carpenter-Okrah, Senior Consultant
   Harvard Business School
   J.P. Morgan
   Co-Author, “65 Successful Harvard Business School Application
    Essays,” St. Martins Press, 2004
   Chief Marketing Officer, HBS Alumni Club of Charlotte (700+ members)




                                                                           25
mbaMission: Boutique Admissions Consultants

Lynn Moloney, Senior Consultant
   Harvard Business School
   Managing Editor at Inc. and Fast Company
   Editorial Department at Vanity Fair
   Started a marketing consulting firm


Jessica Shklar, Senior Consultant
   Harvard College, Harvard Business School (Distinction)
   Six Sigma Master Black Belt, Quality Leader and a Senior Vice
    President for Chase Home Finance
   Extensive Internal and External Corporate Publications




                                                                    26
mbaMission: Boutique Admissions Consultants



    Every candidate has a unique story to tell.

        We have the creative experience
            to help you tell yours.




                                                  27
Upcoming GMAT courses with Manhattan GMAT

Upcoming Live Online 9-Session Prep Courses
  Live Online Spring D 2011
        Tuesdays, March 22 – May 17                                      9:00 pm – 12:00 am EDT
  Live Online Spring F 2011
        Tuesdays, March 29 – May 24                                      10:30 am – 1:30 pm EDT
  Live Online Spring G 2011
        Saturdays, April 2 – June 4                                      2:00 pm – 5:00 pm EDT


In Person 9-Session Prep Courses
  Offered in:     New York, Los Angeles, Boston, San Francisco, Chicago, DC, Philadelphia, Atlanta, Austin,
  Dallas, Houston, Montreal, Raleigh-Durham, Seattle, Toronto, St. Louis , London, Paris, and Miami



        Visit www.manhattangmat.com to see full schedules
                 or sign up for a free trial session


                                                                                                              28
Contact mbaMission




                   www.mbamission.com
                     Jeremy Shinewald
                  info@mbamission.com

                Free Consultation:
           www.mbamission.com/consult.php

    www.facebook.com/mbaMission   Follow @mbaMission on Twitter



                                                                  29

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Creating Your Long Term MBA Plan

  • 1. Creating Your Long Term MBA Plan Jeremy Shinewald Founder/President, mbaMission Be sure to visit mbaMission new Facebook Page at www.facebook.com/mbaMission. For every 10 people who “like” our page, until we reach 500 “likes”, we will randomly select one person to receive a copy of our Long Term Planning Guide. March 22, 2011
  • 2. Table of Contents 1. The Current MBA Admissions Climate 2. Creating My Long Term Plan: No Time Like the Present 3. Creating My Long Term Plan: My 12 Month Calendar 4. mbaMission/Q&A
  • 3. Section 1: The Current MBA Admissions Climate
  • 4. The Current MBA Admissions Climate A Bubble Builds “Easy, Easy…” 2007–2008 Application Year 2008–2009 Application Year  Application Volume  Application Volume HBS: 15% Increase HBS: 24% R1 Increase, down 5% overall Tuck: 15% Increase MIT: Record Volume, Decrease in R2 Wharton: 20% Increase Tuck: Application Volume is Flat MIT: 30% Increase Cornell: Decrease of 14%; Ross R2 Down  Mortgage Crisis  Mortgage Crisis Applicants Seeking “Shelter” • Cautious Applicants  Internationals Increasing  Internationals Decreasing Increase in Indian/Chinese Apps. Difficulty Obtaining Loans European Applicants  Aging of Baby Boomers  Aging of Baby Boomers Need for “Replacement” Talent Boomers Are Not Going Anywhere 4
  • 5. The Current MBA Admissions Climate The Bubble Slowly Deflates 2009–2010 Application Year  Mixed Reports on Application Volumes  NYT Reports on a “flattening out” and “slow down”  Difficult employment climate for MBAs/Challenging to get loans 2010–2011 Application Year  Opportunity Knocks  Easier to get in/easier to find jobs 2011–2012 Application Year  Looking Up?  Job picture is not robust, but improving  Banks are back on campus  Consulting firms never left campus 5
  • 6. Section 2: Creating My Long Term Plan: “No Time Like the Present”
  • 7. Creating My Long Term Plan Leadership Diversity/ Mutual “Fit” Academic Interpersonal Experience International with Target Abilities Skills and Potential Experience Program ■ Under-graduate ■ Reflected in ■ Reflected in ■ Reflected in ■ Reflected in All Grades/ Essays, Resumes, Interview, Essays Essays and Components of Academic Rigor Recommendations and Recommendations Application and Interview Recommendations ■ Class Visits and ■ GMAT Scores Networking ► Professional Trajectory ► Community and Volunteer Activities ► Personal Accomplishments/ Experiences ► Career Ambitions 7
  • 8. Creating My Long-Term Plan Leadership Diversity/ Mutual “Fit” Academic Interpersonal Experience International with Target Abilities Skills and Potential Experience Program What Are My Next Steps? Prepare for the GMAT  Enroll in a Class Now! Nine-Week Class + Four Weeks of Study = May 30th(?) Test May Need to Take the GMAT Two or Three Times The Crucial Question: What Should My Target Score Be? 8
  • 9. Creating My Long-Term Plan Leadership Diversity/ Mutual “Fit” Academic Interpersonal Experience International with Target Abilities Skills and Potential Experience Program What Are My Next Steps? Bolster Your Academic Profile  Enroll in a Winter/Spring Course Recover from Poor Academic Performance Establish Academic Competencies  New York: NYU, Baruch, Fordham, Rutgers, Pace  Calculus, Statistics, Economics, Finance, Accounting The Crucial Question: What Constitutes a Good GPA? 9
  • 10. Creating My Long-Term Plan Leadership Diversity/ Mutual “Fit” Academic Interpersonal Experience International with Target Abilities Skills and Potential Experience Program What Are My Next Steps? Engage in Community/Leadership Activities  Community Service: Why?  Community Service Is Not a “Sentence”  It Is Not Too Late: 7 Months of Impact The Crucial Question: Do I Have Enough Leadership Experience? 10
  • 11. Creating My Long-Term Plan Leadership Diversity/ Mutual “Fit” Academic Interpersonal Experience International with Target Abilities Skills and Potential Experience Program What Are My Next Steps? Advance Personal Goals  An Aspect of the Process that Is Fully in Your Control  Unique Opportunity to “Own” Your Story  Take advantage of existing opportunities CFA Marathon Publication Travel/Languages The Crucial Question: Is This Even Relevant? 11
  • 12. Creating My Long-Term Plan Leadership Diversity/ Mutual “Fit” Academic Interpersonal Experience International with Target Abilities Skills and Potential Experience Program What Are My Next Steps? Get to Know Your Target Programs  Reputation/Prestige Rankings vs. Reality  Location Urban Campus vs. College Town  Class Size Intimacy vs. Anonymity  Teaching Method Lecture vs. Case  Core Curriculum Mandatory Core vs. Flexibility  Recruiting Target Firms Come to Campus?  Specializations Marketing, Finance, International?  Alumni Base Size, Depth, Loyalty?  Facilities Modern vs. Antiquated  Professors Teaching vs. Research 12
  • 13. Creating My Long-Term Plan What Are My Next Steps? Academic Abilities Leadership Experience and Potential Interpersonal Skills Diversity/ International Experience Mutual “Fit” with Target Program Get to Know Your Target Programs  Reputation: Business Week #1  Reputation: Business Week #14  Location: Chicago (3rd in USA)  Location: Hanover (“college town”)  Class Size: 550 per class  Class Size: 240 per class  Teaching Method: Flexible  Teaching Method: Case Emphasis  Core Curriculum: No Core  Core Curriculum: First Yr. (1 Elective)  Recruiting/Specialization:  Recruiting/Specialization: Consulting Finance Only? Only?  Alumni: 42,000  Alumni: Less than 10,000  Facilities: Harper Center (2004)  Facilities: Upgrade in 2008  Professors: Research/Teaching  Professors: Teaching/Research 13
  • 14. Creating My Long-Term Plan Leadership Diversity/ Mutual “Fit” Academic Interpersonal What Are My Next Steps? Abilities Experience and Potential Skills International Experience with Target Program Get to Know Your Target Programs:  Preliminary Steps: Admissions Blogs mbaMission Blog mbaMission Insider’s Guides Chat Boards Q&A Sessions  The Extra Mile: Visit Campuses NOW Meet with Alumni Meet with Current Students The Crucial Question: Fit, Really? 14
  • 15. Part 2: Creating My Long Term Plan: My 12 Month Calendar
  • 16. Creating My Long Term Plan  March (Now!)  Start your GMAT Studies  Visit a Target School (or Two or Three)  Start to Advance Comm./Personal Objectives  Pursue Firm Sponsorship 16
  • 17. Creating My Long Term Plan  April  Meet with Alumni and Students  Assess Recommenders & Connect w/ “Old” Recommenders  Visit a Target School and Narrow Choices  Complete Informational Interviews  Prepare Your Resume  May  Take the GMAT (Hopefully Once!)  Define Target Schools  Start a Summer Course  Brainstorm and Start Writing Essays 17
  • 18. Creating My Long Term Plan  June  GMAT Again?  Do Well on those Midterms  Continue Writing Those Essays  July  GMAT One Last Time?  Meet with Recommenders  August  Complete Coursework  Follow-Up With Recommenders 18
  • 19. Creating My Long Term Plan  September  Polish Essays and Seek Feedback  Harangue Recommenders  October  Submit Round One Applications  Visit Remaining Target Schools  Take a Deep Breath  November  Plan Interviews  Evaluate Progress and Consider New Target Schools 19
  • 20. Creating My Long Term Plan  December  Polish Essays and Seek Feedback  Interview with Target Schools  January  Submit Round Two Applications  Enjoy Acceptances  Plan Interviews  Waitlist Letters  February  Visa/Scholarships/Reassess Targets? 20
  • 21. Creating My Long-Term Plan “What Is This Session Really About?” Present to August 2011 (4+ Months!) Aug. 2011 – Jan. 2012  Take a GMAT Class and the GMAT ► Apply to Business School  Bolster your Academic Profile ► Apply to Business School  Engage in Community Activities ► Apply to Business School  Advance Personal Goals ► Apply to Business School  Visit Campuses ► Apply to Business School  Meet with Alumni/Current Students ► Apply to Business School  Connect with and Evaluate Recommenders ► Apply to Business School  Prepare Your Resume ► Apply to Business School  Conduct Informational Interviews or Job-Shadow ► Apply to Business School  Firm Sponsorship? ► Apply to Business School  Prepare Responses to Short-Answer Sections ► Wait for Decisions Time Management! 21
  • 23. mbaMission: Boutique Admissions Consultants About mbaMission  Elite Communicators  Unique MBA Experience  Not a Website, a Firm – Our Team is Front and Center  External Validation, Not Arbitrary Success Rates  Already Working for You  Admissions Experience  Complete Start to Finish Package  Blog/Events/Book 23
  • 24. mbaMission: Boutique Admissions Consultants We will guide you through our “Complete Start to Finish Process”:  Candidate assessment, application strategy and program selection  Brainstorming and selection of essay topics  Outlining and essay structuring  Unlimited essay editing  Letter of recommendation advice  Resume construction and review  Interview preparation, mock interviews and feedback  Post-acceptance and scholarship counseling 24
  • 25. mbaMission: Boutique Admissions Consultants Akiba Smith-Francis, Senior Consultant  Harvard College, Harvard Business School, Kennedy School of Government  McKinsey & Co.  Board of Directors, Cool Kids Learn and Smith Leadership Academy  Publications: Moxy Magazine Monica Carpenter-Okrah, Senior Consultant  Harvard Business School  J.P. Morgan  Co-Author, “65 Successful Harvard Business School Application Essays,” St. Martins Press, 2004  Chief Marketing Officer, HBS Alumni Club of Charlotte (700+ members) 25
  • 26. mbaMission: Boutique Admissions Consultants Lynn Moloney, Senior Consultant  Harvard Business School  Managing Editor at Inc. and Fast Company  Editorial Department at Vanity Fair  Started a marketing consulting firm Jessica Shklar, Senior Consultant  Harvard College, Harvard Business School (Distinction)  Six Sigma Master Black Belt, Quality Leader and a Senior Vice President for Chase Home Finance  Extensive Internal and External Corporate Publications 26
  • 27. mbaMission: Boutique Admissions Consultants Every candidate has a unique story to tell. We have the creative experience to help you tell yours. 27
  • 28. Upcoming GMAT courses with Manhattan GMAT Upcoming Live Online 9-Session Prep Courses Live Online Spring D 2011 Tuesdays, March 22 – May 17 9:00 pm – 12:00 am EDT Live Online Spring F 2011 Tuesdays, March 29 – May 24 10:30 am – 1:30 pm EDT Live Online Spring G 2011 Saturdays, April 2 – June 4 2:00 pm – 5:00 pm EDT In Person 9-Session Prep Courses Offered in: New York, Los Angeles, Boston, San Francisco, Chicago, DC, Philadelphia, Atlanta, Austin, Dallas, Houston, Montreal, Raleigh-Durham, Seattle, Toronto, St. Louis , London, Paris, and Miami Visit www.manhattangmat.com to see full schedules or sign up for a free trial session 28
  • 29. Contact mbaMission www.mbamission.com Jeremy Shinewald info@mbamission.com Free Consultation: www.mbamission.com/consult.php www.facebook.com/mbaMission Follow @mbaMission on Twitter 29