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Wednesday, February 16, 2011

AACSB Urges B-Schools to Adapt to a Global World

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February 16, 2011
 

MBA Express


NEWS  THIS WEEK'S TOP STORY
B-SCHOOL NEWS
AACSB Urges B-Schools to Adapt to a Global World
Graduate and undergraduate business programs must do better at making globalization central to the B-school curriculum, the accrediting group says


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Penn State's Carrie Marcinkevage tells about discovering plagiarism in dozens of B-school application essays—and what she's doing about it

MBA JOURNAL: B-SCHOOL UPDATE
The Pursuit of the Right Fit
"No longer in a quotidian routine of classes and events, we must now begin the internship search"


Salaries, Job Offers Up for Business Undergrads
Undergraduates in general, and undergraduate business students in particular, have reason to rejoice.


Taking the GRE? Now May Be Better Than Later
The new and improved Graduate Record Examination (GRE) is on its way, and for those who are taking the test either in addition to or as an alternative to the GMAT for b-school admissions, timing will be everything.

BEST BUSINESS SCHOOLS 2010
Business School, Explained
Is business school on your horizion? If so, get answers to all your questions on admissions, careers, and B-school life from the experts

 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 — When To Schedule The Interview?

From: johnfelt82
To: All
Hello all,

I just received two interview invites- Yale SOM and USC Marshall- and am trying to find information about when it's best to schedule interviews.

In particular, Yale SOM has essentially two choices- Next week, or the week before the final deadline. Next week is a little soon for me, anyone know if its a bad idea to wait until the week before the final deadline?

Similarly, with USC I have until the 18th of March, if I wait until the second week of March so i have time to prepare will that be worse than doing it earlier?

Thank you all for any advice you might offer.

John
From: interviewbay2
To: johnfelt82
If I were you, I will schedule the interview whenever I am ready for it. Prepare well. Interview is the final step in the admission process. Don't fast forward it. Take your time and attempt it with full confidence.

You might want to go through the Yale and USC specific interview blogs written by last year applicants at:

www.interviewbay.com/interview_resources.php

If you read a couple of blogs, you would get an understanding on how to tackle your interview. You will also know about the interview format, sample questions, Do's and Don'ts, tone, etiquette, dress code, etc. Good luck!
From: JinShil2
To: johnfelt82
Schedule the interview whenever you are ready.

The timing of the interview probably matters very little, if at all.
From: johnfelt82
To: JinShil2
Thanks all for the advice. Will do.

Thanks!
John
From: FrancescaBW
To: johnfelt82
Hi,

Congrats on reaching the interview stage! I have to agree with the others that you shouldn't be rushed into interviewing. It's an important step in the admissions process. And you should be well prepared. Most admissions directors will tell you that the interview, along with the essays, is their window onto an applicant's personality and what he or she brings to the table. To prepare for an admissions interview at any program, you will want to check out these two resources -

Acing the MBA Application Interview http://www.businessweek.com/bschools/content/oct2009/bs20091012_926609.htm

The Admissions Interview: Your Questions http://www.businessweek.com/bschools/content/oct2008/bs20081023_316382.htm

How are you preparing for the interviews? Be sure to keep us posted.

Good luck,
Francesca
Getting into B-School — Apply Next Year?

From: k2718
To: All
Hey guys,

I really would like to go to a top program. This year I applied to:

Harvard, MIT, Wharton, CBS, Booth, and Stern

I have now been rejected by all but Chicago (still waiting). I'm also still waiting on Tepper. I have offers from two back up schools: Wustl, and BU.

I am a Software Engineer with a 3.48 ug GPA and a 770 GMAT. The slightly weird thing about my resume is that I have two Master's degrees in Computer Science (I graduated with my first during the tech bust, and went to a Ph.D. program but it was not for me, so I quit and received another). I used the optional essay to explain that to about half of the schools I applied to (after I submitted about half my apps, I realized that I should). I now have a great sw eng job, making 6 figures before bonus, so waiting a year wouldn't exactly be financially painful.

I obviously set my sights a bit too high this year, and think that there are a few things that I could do in the meantime to improve my desirability. Furthermore, I think that I improved A LOT at writing the essays thoughout the application processes.

The pool also may be a bit less strong next year. What do you guys think?

Thanks in advance for the advice.
From: StacyBlackman
To: k2718
Hi k2718,

You have some very strong attributes in your candidacy. Your GMAT score is excellent and it appears that you have strong work experience. It is important to note that MBA programs will be carefully looking at the leadership experience you have, your letters of recommendations, and your essays on why you are pursuing an MBA program. I would strongly look into this part of your application. Particularly if you have experience managing a team, you should note this in your application.

I hope this was of help. Please let me know if I can answer any other questions.

Best,

Conrad and the Stacy Blackman Team
From: JinShil2
To: k2718
I think you should hire an admissions consultant. There is something very wrong with your application and it isn't your educational background and your GMAT.
From: bschooled12
To: k2718
You haven't set your sights too high my friend. It's due to a combination of 2 things:

1) bschools are brand name whores unfortunately. A retard whose dad got her a job at gs/ms ibanking or big name private equity with a 680 GMAT will have a much better shot than you ( plus she's a woman) don't be discouraged by this god awful process

2) you have something potentially wrong with your app if you did not get nyu... Talk to an adcom to see what it is. Could be age, demographic, or just the fact that you dropped out of a phd program. Not sure, or it could just be lack of commitment/effort/fit when networking with the school(which they sneakingly care about a lot). The sad truth is you'll never really know for sure since no school will be perfectly honest with you
From: BizSchoolPrep
To: k2718
Ask for a feedback and reapply in R1 with full force.
From: hoogets25
To: JinShil2
I agree - with those numbers you should be able to hit a higher ranked school. maybe you have too much engineering in your app and not enough "life and personal". I vote for try again and Good luck!
Getting into B-School — Recommender Contacted by School

From: hoogets25
To: All
anyone have a clue whether this is a good or bad sign?
From: sacred
To: hoogets25
You better hope your LOR was authentic.
From: BosMBAasap
To: hoogets25
It could be that your recommender used their personal email address. I would guess that would elicit a follow-up to ensure it's authentic.
From: tanmba2011
To: sacred
Are recommenders re-asked questions regarding the LOR they submit? How is the authenticity verified?
From: JinShil2
To: hoogets25
I would think it is both a good AND a bad sign. They wouldn't call your recommender unless they are serious about admitting you. But they also wouldn't call your recommender unless they see something fishy about your application OR they could just be calling as a standard part of their auditing process. Perhaps you didn't checkoff on the waiver that prevents you from reading the recommendations.

At any rate, the school is serious about admitting you.
From: sacred
To: JinShil2
Not necessarily. They may be looking for fraud, which could then be reported to other schools. I see it more as a bad sign than a good one.
From: FrancescaBW
To: hoogets25
Hi,

As long as you were honest (and you know your recommender to be honest, too), you should not worry at all about this. Many business schools are making more of an effort to verify the facts provided by applicants. In fact, you might have caught some of the recent stories on the Bloomberg Businessweek Web site. We reported on plagiarism in admissions essays and those who sell essays to applicants. Here are some of the articles that might be of interest -

Penn State Cracks Down on Plagiarism http://www.businessweek.com/bschools/content/feb2011/bs2011022_942724.htm

Live Chat - Admissions Essay Plagiarism http://www.businessweek.com/bschools/content/feb2011/bs2011027_060201.htm

B-School Admissions Essays for a Fee http://www.businessweek.com/bschools/content/nov2010/bs20101124_106297.htm

Background Checks are Front and Center http://www.businessweek.com/bschools/content/jan2007/bs20070101_101796.htm

Let us know what happens. Has your recommender said anything more to you about what the school said?

Thanks,
Francesca


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  B-School Insider
Dear Reader:

It's sometimes hard to fathom just how interconnected our planet has become. Anger flares in Egypt and world stock markets tumble. China drops a few hints about currency policy and the political repercussions are felt half a world away. In a very real way, we're all in this together, yet business schools in many ways still treat the world as if globalization never happened.

As Alison Damast reports, the AACSB thinks that has to change. In a new report that it clearly intends as a wake-up call for management education, the accrediting agency last week called on business schools to do a better job of preparing students to run organizations in an increasingly global world, to understand its challenges, and to grasp its opportunities.

It's a huge task—on par with the challenge b-schools confronted in the wake of the Ford Foundation report a half century earlier, which ultimately spurred their transformation from glorified vocational schools to the quality academic institutions they are today. Are b-schools up to the challenge? They better be. They really don't have a choice.

Louis Lavelle
Business Schools Editor
Bloomberg Businessweek

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