HBSDeirdre: This is an important question: Whether you have 15 years of experience or two, think about whether the MBA is going to add value and be a significant transformational experience. For many candidates, two to three years is just right; for others, they are "ready" after a much greater number of years of experience. There's no right time. deanchoi: My background is in advertising/marketing/media, and I'm looking to get an MBA to become a more well-rounded professional and learn finance, accounting, etc. The last time I took anything remotely related to finance was Econ 1 my freshman year. Should I take some classes at a [junior college] before I apply? I heard with the case method there are steps I can take to better prepare myself. HBSDeirdre: I would definitely advise some exposure to financial accounting and/or finance as both actual preparation and for you to assess whether you enjoy speaking the "language of business" and will thrive in an MBA program with a first-year required curriculum. PeteN: Other than the brand-name reputation and the case-study-only approach, what are the most distinguishing factors of the HBS program? HBSDeirdre: I'd focus on the case method learning model, the required curriculum which gives all students an opportunity to get a solid grounding across business disciplines, and the distinctive nature of faculty interaction with students in a very high-quality teaching environment. Faculty at HBS can't rely on prepared lectures since the case method is organic and continually evolving. One-third of the cases in any given course are brand-new every year, and that's a critical way of being on the cutting edge. In addition, one-third of the cases used are about international organizations, in large part due to the network of five HBS global research centers. There are significant opportunities available for HBS students to be global, both here and abroad. Unlike many schools, we are a residential campus, with 33 buildings on 40 acres. About 80% of students live on campus, which makes for a close-knit community experience. ratitehri: I had taken the GMAT in November, 2002. Is my score valid for applying to Harvard this year? HBSDeirdre: In the next application cycle, scores from January, 2003, and on are valid (see BusinessWeek.com, "GMAT Prep"). FAMUCEO: Could you discuss HBS's increased emphasis on learning teams? HBSDeirdre: Learning teams are a way of giving students the important opportunity to work together in small groups of six to eight. While our core unit is the 90-person section, we were looking for a way to replicate the diversity in the entire class in a small unit. Learning teams function both as study groups and as project teams with specific academic assignments throughout the first-year curriculum. nvassall: What are the pros/cons of applying in each of the admissions rounds? HBSDeirdre: I think it's fair to say we view rounds one and two as very similar and are looking for roughly an equal number of candidates from each of these rounds, so choosing between these two is largely a matter of personal preference. When can you devote the time to the application process? I would say that round three is essentially used as a "shaping" round—looking for candidates who round out the profile of the class. nvassall: What constitutes a great recommendation? HBSDeirdre: This is a frequent question and is both easy and difficult to answer: Choose someone who knows you well, can point to specific and relevant situations, and who is enthusiastic about your desire to go to business school. Make your best judgment call about who that is, and don't worry about their titles or connections. peguy123: How much are applications to HBS up this year over last, and how much will that decrease the acceptance rate by? Do you expect the trend to continue? HBSDeirdre: Applications were up about 11% this year. We expect class size to stay the same in the near future. As always, we are not good at predicting the applicant pool in the future! |