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Professor Profiles: Robert Shiller, Yale School of Management

Many MBA applicants feel that they are purchasing a brand when they choose a business school to attend, but the educational experience itself is crucial to your future, and no one will affect your education more than your professors. Each Wednesday, we profile a standout professor as identified by students. Today, we profile Robert Shiller from the Yale School of Management (SOM).
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Even those not considering pursuing an MBA may be familiar with Robert Shiller (“Behavioral and Institutional Economics”), thanks to the famed Standard & Poor’s/Case-Shiller Home Price Index. Currently the Arthur M. Okun Professor of Economics at the SOM, Shiller has been at Yale since 1982. The SOM Web site notes that Shiller has written about “financial markets, behavioral economics, macroeconomics, real estate, statistical methods, and public attitudes, opinions, and moral judgments regarding markets” and is the author of Finance and the Good Society (Princeton University Press, 2012). And according to Treasury & Risk magazine, which named Shiller one of the 100 most influential economists of 2009, he “is credited with predicting the 2007 housing market peak and the subsequent plunge of global markets.” SOM students appear to hold Shiller, who often uses games to explain ideas, in high regard. “He’s awesome,” a second year told mbaMission, with a “very nice, easy manner.” Another second-year student we interviewed said, “You come out [of his class] pretty convinced of the things he says.” In addition, Shiller writes regular columns for both the New York Times and Project Syndicate.

For more information about the Yale SOM and 15 other top-ranked business schools, check out the mbaMission Insider’s Guides.

Harvard Business School Essay Analysis, 2014–2015

*Please note: You are viewing an essay analysis from the 2014-2015 admissions cycle. Click here to view our collection of essay analyses for the current admissions season. 

Last year, Harvard Business School (HBS) took a new approach to its application essay questions, moving from multiple queries to one very open-ended prompt with no clear word limit. This year, HBS Director of Admissions and Financial Aid Dee Leopold seems to have surprised even herself, judging from a recent blog post, by announcing that the school will be keeping its questions… err, question… exactly the same.

With the benefit of a year of HBS acceptances under our belt using this specific question, we can at least offer some confident guidance on word limits, an issue that really perplexed last year’s candidates. Last season, we had many successful applicants to HBS, some of whom used as few as 750 words while others used as many as 1,250.  In general, we encouraged our clients to stick with 1,000 or fewer, but certain candidates who had plenty to say used more, expressed themselves well and ultimately succeeded. Although Leopold notes that the essay is actually optional, we report—and this will likely come as no shock to applicants—that we had no clients audacious enough to completely forgo submitting an essay. Every single one of our successful candidates did so, as expected.

Here is our analysis of tHarvard Business Schoolhe sole HBS essay question and the accompanying post-interview assessment…

Essay 1: You’re applying to Harvard Business School. We can see your resume, school transcripts, extracurricular activities, awards, post-MBA career goals, test scores and what your recommenders have to say about you. What else would you like us to know as we consider your candidacy?

Few things strike more fear into an MBA candidate’s heart than vague essay directions. Because of HBS’s lack of guidance with respect to word limits and its extremely open-ended question, knowing whether you are truly responding with information that the admissions committee wants and needs may be difficult. The committee further complicates things by specifically noting the information it will already have—transcripts, extracurricular activities, awards, etc. This may make you wonder if mentioning such information is a complete no-no and would weaken your chances for admission.

First, we would like to allay your fears to some degree and help you reframe your view of this question. Think of it as an opportunity to round out your candidacy in the admissions committee’s eyes the way you want, not within the parameters of a narrowly focused topic someone else has chosen. This is your chance to tell the school what you really feel it should know about you—what you believe makes you a worthy  candidate, deserving of a spot in HBS’s next incoming class.

So now let us take a step back and consider what the non-essay portions of your application—your resume, for example—actually convey, so you can start to determine which parts of your profile need presenting or could benefit from more detail. Your resume is a map of your professional, educational and extracurricular life to date, and although it may provide a narrow window into your personal life, by and large, it does not offer profound insight into your values, emotions, challenges, important relationships and other key elements of your character and journey. An appropriate analogy might be that the admissions committee will learn about you in black and white from the other parts of your application, and this essay is what will transform your story into bright colors.

Definitely heed the school’s directions—thoroughly weigh what the other elements of your application provide and identify the information that is missing that you believe is key to your candidacy. Then ask yourself whether these missing elements constitute information that is simply important to you or that will effectively enhance the admissions committee’s knowledge of you—not as a professional but as a human being. If you are grouping together a few accomplishments and searching for a theme to link them, you are on the wrong track. However, if you are thinking carefully about key moments, experiences and people in your life that are central to who you are and what you offer—and that the admissions committee could not possibly surmise from your “black and white” application—then you are likely on your way to writing a compelling essay.

Will what you are planning to write tell the admissions committee about your values—about who you are, rather than what you have accomplished or tried to accomplish? Be sure to clearly convey why you have made certain choices in your life and, most importantly, how you have conducted yourself and made those choices. For example, sharing the story of how you started over as an immigrant in your essay is profoundly more compelling than merely stating your citizenship via a drop-down menu in the application’s short-answer section. Detailing how you resigned from a nonprofit board to expose rampant chicanery on that board will convey much more than including a list of extracurriculars at the end of your resume. We do not expect that you will have these exact stories, but be sure to pinpoint situations and characteristics that bring “color” to your file. Remember that your goal is to reveal your personality and stand out as an individual, not by claiming specific life accomplishments, but by demonstrating perspective and values and by showing you have lived an interesting life that your classmates will appreciate and that will allow you to bring depth to class discussions.

As we noted, the school stipulates no word limit for this essay. We offered some guidance above, but this is not to say that there is a right word count. More people are tempted to push the “limits” on the upper end of the spectrum, but you should show some restraint and recognize that you cannot share “everything.” Writing excessively—and unnecessarily—will only reveal that you lack self-awareness and the ability to censor yourself. Keep in mind that HBS operates on the case method, in which you will be expected to identify the most important facets of a situation and be able to discuss them clearly and succinctly in a class setting. This essay could be, on some level, the admissions committee’s way of evaluating your ability to do just that—only with yourself as the subject. You do not want to send the message that you are the self-important individual who will speak inordinately in class, but instead that you are the thoughtful one who understands what is important and can pinpoint and reveal truly interesting and relevant information.

Mini-Essay: Briefly tell us more about your career aspirations. (500 characters)

HBS, like most schools, wants to know that you have a sense of mission in pursuing your MBA. Sure, the admissions committee understands that the mission you have in mind right now may change, but an applicant who is directed and flexible is much preferred over one who has no direction at all.

In approximately five to eight sentences, can you reveal that direction? Yes! If HBS expected you to lay out your career plans in detail, it would have given you more than 500 characters with which to respond, so the idea is clearly to convey the basics of your plans. Still, the school wants to know that you have given some real thought to how your past experiences will help you actualize your short- and long-term goals. A statement such as “I want to leap into the sports world, hopefully with a new league team, where I would have opportunity to grow” is pretty vague. However, by writing just a little bit more, you could provide appropriate context to frame and support your aspirations: “At Marvel, I was constantly immersed in licensing negotiations for our characters. I intend to leverage this knowledge in the sports world—which depends greatly on TV licensing deals—joining the league office of a high potential organization, such as Major League Soccer or the American Ultimate Disc League, where I will help define digital strategy.”

Some applicants may feel compelled to answer a question that the school does not actually ask: “Why HBS?” You can rest assured that HBS is secure in its capabilities, so to get admitted, you do not need to tell the school how awesome it is. If you have a particularly compelling reason for targeting HBS—the school offers something specific to your needs—then mentioning this may be worthwhile, but you do not have to. Similarly, you definitely do not need to comment on the case method or leadership—doing so will only reveal that you are familiar with a buzzword or two, and that will not help convince the admissions committee of anything.

For more information on how to demonstrate that your past experiences have provided you with transferable skills that will logically lead to future success and help you achieve your goals, please download our free mbaMission Personal Statement Guide.

Have the Last Word: The Post-Interview Reflection (conditional on being interviewed)

From the admissions committee: “Following the interview, candidates are required to submit a written reflection using our online application system. This must be submitted within 24 hours following the completion of the interview. Detailed instructions will be provided to those applicants who are invited to the interview process.”

For the third consecutive year, HBS is stipulating a final written task for candidates who are granted an interview. Within 24 hours of interviewing, you must submit some final words of reflection, addressing the question “How well did we get to know you?” As with the application essay, this post-interview reflection is open-ended; you can structure it however you wish and write about whatever you want to tell the committee. HBS urges interviewed applicants not to approach this reflection as a formal essay but instead “as an email you might write to a colleague or supervisor after a meeting.”

Some candidates may find this additional submission intimidating, but we encourage you to view it as an opportunity to reveal new aspects of your profile to the admissions committee. Because your HBS interviewer will have read your entire application before your meeting, you will likely discuss information from your resume, essays, recommendations, etc., during your interview. This post-interview reflection, then, could provide an opening for you to discuss new and different elements of your profile, thereby adding depth to your candidacy. For example, if you could not find a way to include the story of a key life experience of yours into your essays, but your interviewer touches on a similar story or something connected with this experience in your meeting, you would now have license to share that anecdote.

During your conversation, focus exclusively  on your interviewer’s questions and your responses—in other words, do not try to identify possible topics for your post-interview reflection while you are still in your meeting—but as soon as it is over, jot down all the topics covered and stories you discussed. If you interview on campus, note also any observations about your time there. For example, sitting in on a class might have reminded you of a compelling past experience, or participating in the case method may have provided insight into an approach you could use in some way in the future. Maybe the people you met or a building you saw made a meaningful impression on you. Whatever these elements are, tie them to aspects of your background and profile while adding some new thoughts and information about yourself. This last part is key—simply describing your visit will not teach the admissions committee anything about you, and a flat statement like “I loved the case method” will not make you stand out. Similarly, offering a summary of everything the admissions committee already knows about you will not advance your candidacy and would constitute a lost opportunity to keep the committee learning about who you are.

HBS offers some additional advice on the post-interview reflection that we strongly urge you to take seriously and follow:

  • We will be much more generous in our reaction to typos and grammatical errors than we will be with pre-packaged responses. Emails that give any indication that they were produced BEFORE you had the interview will raise a flag for us.
  • We do not expect you to solicit or receive any outside assistance with this exercise.

As for how long this essay should be, HBS again does not offer a word limit. We have seen successful submissions ranging from 400 words to more than 1,000. We recommend aiming for approximately 500, but adjust as appropriate to thoroughly tell the admissions committee what you feel is important, while striving to be succinct.

For a thorough exploration of HBS’s academic program/merits, defining characteristics, crucial statistics, social life, academic environment and more, please check out the mbaMission Insider’s Guide to Harvard Business School.

Mission Admission: Look at B-Schools Beyond the Rankings

Mission Admission is a series of MBA admission tips; a new one is posted each Tuesday.

On our blog, in our publications and in public presentations, we have tried repeatedly to persuade business school candidates who are deciding which MBA programs to target to downplay rankings, which fluctuate frequently (and sometimes wildly), and instead focus on fit, which is enduring. Now, as the admissions season is about to begin, we recommend that you accelerate and broaden your evaluative process.

One way to look beyond rankings is to speak with current MBA students. Even if you do not have direct access to students, reaching out to them in a targeted way can be quite easy, via club Web sites and even Facebook pages. You should not feel “pushy” when contacting a student this way, because most students take pride in their school and are open to speaking with candidates. They are a de facto part of the school’s marketing arm. So, if you are interested in a certain program for its entrepreneurship program, for example, you can reach out to the individual (or individuals) leading the entrepreneurship club to learn more about the program (and the club!). Of course, you should be respectful of each individual’s time and be well prepared for your conversation. If you are conscientious, you will be able to gain some great insight into the school’s academic environment and then have time to find out more about the atmosphere on campus. Networking now should enable you to begin narrowing your search and more effectively focus your limited “free” time over the next few months.

Stanford Graduate School of Business Essay Analysis, 2014–2015

*Please note: You are viewing an essay analysis from the 2014-2015 admissions cycle. Click here to view our collection of essay analyses for the current admissions season. 

The Stanford Graduate School of Business (GSB) became the second top MBA program to release its essay questions this year, and the school follows a trend in application essays—“less is more.” Stanford has dropped its third essay question this season and stuck with two standbys, which we can summarize as “What matters most to you?” and “Why us?” The GSB’s choice to maintain its “Why us?” question is an interesting one, considering how selective the program is (the Princeton Review ranks it number one for Toughest to Get Into). Maybe one reason the school is so strong is that it still focuses on fit and does not take its desirability for granted (?).

Another big change in the Stanford application this year is that the number of recommendations required has dropped from three to two, leaving the candidate to make the vexing choice between a professional recommender or a peer for that second recommendation. Our guess is that most people will choose the far more straightforward professional recommendation option, because candidates who do so can be more confident that they have made the “right” choice of recommenders.

Note: The Stanford admissions committee permits applicants to write 1,100 words total and to allocate those words as they feel appropriate across each essay. mbaMission recommends a split of approximately 750 words for the first essay and 350 words for the second, in line with guidance historically provided by the Stanford GSB Adcom, however, you should feel free to adjust those word counts per essay based on what space you feel you need to properly tell your story.

Stanford Graduate School of BusinessEssay 1: “What matters most to you and why?”

When candidates ask us, “What should I write for what matters most to me?,” we offer a pretty simple tip: start brainstorming for this essay by asking yourself that very question: “What matters most to me?” This might seem like obvious advice, of course, but many applicants get flustered by the question—often believing that an actual “right” answer exists that they must identify—and never pause to actually consider their sincere responses, which are typically the most compelling.

So, we advise that you brainstorm in depth and push yourself to explore the psychological and philosophical motivations behind your goals and achievements—behind who you are today. We cannot emphasize this enough: do not make a snap decision about the content of this essay. Once you have identified what you believe is an appropriate theme, discuss your idea(s) with those with whom you are closest and whose input you respect. Doing so can help validate deeply personal and authentic themes, leading to an essay that truly stands out.

Once you have fully examined your options and identified your main themes, do not simply provide a handful of supporting anecdotes—or worse, recycle the stories you used in a similar essay for another school. A strong essay response to this question will involve a true exploration of the themes you have chosen and reveal a thorough analysis of decisions, motives and successes/failures, with a constant emphasis on how you conduct yourself. If you are merely telling stories and trying to tie in your preconceived conclusions, you are most likely forcing a theme on your reader rather than analyzing your experiences, and this will be transparent to any experienced admissions reader. In short, be sure to fully consider and develop your most sincere answer(s), outline your essay accordingly and then infuse your writing with your personality, thoughts, feelings and experiences.

Essay 2:“Why Stanford?”

One of our favorite admissions quotes is from Stanford’s assistant dean for MBA admissions, Derrick Bolton: “Resist the urge to ‘package’ yourself in order to come across in a way you think Stanford wants” (emphasis added). What the admissions committee really wants is to know what and/or who you want to be. The school does not have a preferred job or industry in mind and expect to hear that you plan to fill that space—the admissions committee wants to understand your true vision and understand why you feel Stanford is necessary in facilitating this vision. If you try to present yourself as someone or something you are not, you will ultimately undermine your candidacy. Trust the admissions committee on this one!

Because Personal Statements are similar from one application to the next, we have produced the mbaMission Personal Statement Guide, which helps applicants write this style of essay for any school. We offer this guide to candidates free of charge. Please feel free to download your copy today.

And for a thorough exploration of the Stanford GSB’s academic program/merits, defining characteristics, crucial statistics, social life, academic environment and more, please check out the mbaMission Insider’s Guide to the Stanford Graduate School of Business.

Columbia Business School Essay Analysis, 2014–2015

*Please note: You are viewing an essay analysis from the 2014-2015 admissions cycle. Click here to view our collection of essay analyses for the current admissions season. 

For the second year in a row, Columbia Business School (CBS) has kicked off the MBA application season. During an online event with mbaMission, Manhattan Prep and Poets & Quants, CBS’s director of admissions, Christina Shelby, told the audience that the school has added urgency in releasing its questions, because it has to meet the needs of its January-entry (known as J-Term) applicants, whose application deadlines come much sooner (October 8, 2014, versus April 15, 2015). Whatever its rationale for the “early” application release, CBS is basically staying the course with its essay questions, though it has again reduced the allowable character count in its “Twitter-like” goal statement; from 200 characters two years ago, it was cut to 100 last year and now stands at a mere 75. Our analysis follows…

Columbia Business SchoolShort Answer Question: What is your immediate post-MBA professional goal? (75 characters maximum)

Examples of possible responses:

“Work in business development for a media company.”

“Join a consulting firm specializing in renewable energy.”

“Work for an investment firm that focuses on real estate.”

Offer ambitious but realistic goals. Do not try to be anything you are not.

These two sentences are 75 characters long. You can see now just how brief you need to be with CBS’s short-answer question, yet you must still demonstrate that you can convey a point within such strict limits. So, we are sticking with the advice in our example. Do not misguidedly believe that admissions officers have a preference for specific professions or industries—they do not. Think about what you truly want to do with your career and state it directly. Then be sure that the rest of your application provides evidence that this goal connects to your existing skills and profound interests, making your professed goal achievable and lending credibility to your statement. If you can do this in 75 characters—and remember that we are talking about characters, not words—you will have answered this question quite well.

Essay 1: Given your individual background and goals, why are you pursuing a Columbia MBA at this time? (Maximum 500 words)

Because the CBS admissions committee is asking “why” you have chosen to pursue an MBA, you can justifiably delve into your professional career and explain how you identified your need for this particular advanced degree. However, take care not to overwhelm the admissions committee with an unnecessary level of detail about your career history. We cannot emphasize this strongly enough—the admissions committee does not want a recap of your entire resume—moreover, such detail would use up valuable word count. Approximately 100–150 words on your past should be enough to provide appropriate context.

You could perhaps offer an anecdote that reveals an academic or experiential void on your part, or explain that now is the right time for you because you have just completed a lengthy assignment and are ready to transition to the next phase of your career. A number of good reasons exist for wanting to earn your MBA now—just make sure that in your essay, the story of your progression is clear and you demonstrate the momentum and advancement that have brought you to this point. You will then need to explain how and why an MBA will serve as a bridge to the next level of your career. Notice that the school very specifically asks why you wish to earn a “Columbia MBA,” so you absolutely must incorporate into your essay elements of the CBS experience that are pertinent to your candidacy. Do not just list classes, but give a reasoned argument that explains how your goals, timing and CBS all intersect to make this the right time and the right experience for you.


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