Sunday, August 29, 2010

MBA Admissions Consulting for Non-Traditional Applicants

I never intended to monetize anything when I set this blog up, but by the shear volume of emails I receive, it's obvious that there are a lot of military and non-traditional candidates who are hungry for information about the business world, and Harvard Business School in particular. If you fall in these categories, and are still interested in help, shoot me an email and we'll try to work something out that is appropriate to your situation.

My strengths:
  • Helping junior military officers and non-traditional candidates
  • Particularly helping people figure out when is the best time to apply, which schools to apply to, and how to handle the career transition
  • How to position yourself (essays, letters of rec, academics, resume, etc.)
  • Perhaps most importantly, how to translate your non-business experience in a way that admissions committees can understand and appreciate
  • I've also helped many discuss career decisions beyond Harvard Business School. If you think I can help, just write in with some details of what you need...

militarytobusiness@gmail.com

If you're not looking for admissions advice but just want to chat about military careers or something in general, feel free to drop me a line as well, though I can't guarantee to reply to everyone. I also suggest reading the previous advice I've put on this blog regarding admissions:
  1. Defeating the GMAT
  2. Application Resources
  3. Deciding on which schools to apply to
  4. Application strategy
  5. Letters of Rec
  6. B-School Essays
  7. Interview Prep
Good luck to everyone out there! We all make our own luck.

Wednesday, August 25, 2010

The Harvard Age Curve - Part II

Last year I published an article about the age of matriculating students for the Class of 2010 at HBS versus other schools. Dee Leopold recently published new data on the HBS admissions blog for the Class of 2012 as follows:

Since I got a lot of positive feedback after my last article, I decided to briefly revisit the topic given this new information.

I'll make the same assumption I made last time, which is that students on average graduate from undergrad at age 22; the numbers who graduate later probably roughly balance those that graduate earlier. I then subtracted a year to calculate the approximate age at time of application (average time from application to matriculation is around 9 months). Comparing the two data sets show little change:

The data compares class sizes of 900 and 909, so I normalized the data and made the followng observations in the difference between the two years:
  • Age group 23 and under: Down 23 students
  • Age group 24-26: Up 29 students
  • Age group 27-29: Up 17 students
  • Age group 30 and over: Down 5 students
  • Overall mean age change: from 24.9 up to 25.1
Don't forget this is age at time of application. It means that the average HBS grad is 28 years old. While the age average technically went up slightly, it's not a very significant difference. More significant is the slight drop in students with under 2 years of work experience, which looks like it got absorbed by those with 3-5 years of experience. Although I would emphasize that these are very small percentages changes and it's very likely that none of the slight differences are intentional.

For those wondering about the best time to apply, let's look at percentage of students matriculating by age groups at time of application:
  • Age 23 and younger: 10%
  • Age 24-26: 78%
  • Age 27-29: 12%
  • Age 30+: 1%
The numbers definitely speak for themselves and probably don't need any added insight. I will say that over my year at HBS I have come to form an extreme respect for the institution and its methods. There are certainly those that question the age skew at Harvard, and I think it's always worth discussing, but I will say that after a year at HBS, I have come to give them a high degree of trust. They've been the best at what they do for a long time!

HBS Military Class of 2012

While I'm on the subject of discussing admit demographics, I'll also follow up on the post I made last year regarding the military Class of 2011 at HBS.

HBS has made a very genuine effort to provide active duty military personnel the opportunity to attend and succeed at HBS. The new HBS Class Co-President is former military, and military personnel continue to be regarded in very high regard on campus. It's definitely our responsibility not to take that for granted and to continue to earn that respect by contributing to the Harvard community and upholding its long tradition of excellence.

In addition to increasing the GI Bill Yellow Ribbon package to $10k/year (matched by the VA for a total of $20k), the Class of 2012 also shows a 19% increase in former active duty US military personnel.

At 4-5% of the total class, HBS has taken a leading position among the top MBA programs as a school that places a premium on military experience.

I'll note that there were also three foreign military personnel from non-compulsory service nations to be admitted as well (2x Britain, 1x Greece). There are also at least three women matriculating from the military, compared to none in Class of 2011 and two in the Class of 2010.

So it looks like soldiers and sailors really increased their game this year, and unfortunately I won't be around HBS next year to report on the Class of 2013, so this will have to be the best information out there for a while.

Note: As usual, I'll clarify that my data is not from admissions and is therefore not necessarily perfect and is definitely not official. It is however very close.

Monday, August 2, 2010

Dealing with uncertainty

One of the most important lessons I learned my first year at HBS is that uncertainty is not a bad thing - uncertainty means options. The day you have no uncertainty in your life is the day you have no more choice. The more one can embrace this concept and manage rather than avoid uncertainty, the easier it will be to excel, albeit in a more uncertain direction.

Uncertainty can be very scary in the same sense that the unknown tends to be scary. It's so scary that we put a lot of effort to eliminate it from our lives by pursuing stability and safety. We like to know where our current career and relationships are taking us and where our lives will generally lead. We pay a cost for this certainty however - we severely limit our potential.

Upon arriving at HBS, my options in life opened up like I had never imagined. Although most everyone around me was in the same overwhelming situation, the constant talk about changing the world or becoming the CEO of this or that company in 10 or 20 years left me constantly wondering where I will be in 10 or 20 years. Will I be good enough?

I didn't have a problem picking goals, I had the problem of too many goals. Too many lives I wished to lead. Too many things I wished to do. Ultimately I have to make decisions in a specific direction, and I really didn't like the uncertainty of it all - let alone the chance of failure.

That all abruptly changed with a simple and random thought experiment. I imagined Bill Clinton on January 21st, 2001. At 54 years old, the man had served two terms as President of the United States, and arguably still had at least 30+ full years of life ahead of him. I tried to imagine what was going through his mind when he took his last flight on Marine One from the White House. The dishonor of his impeachment, and his entire legacy as the first two term Democratic President since FDR must certainly have been on his mind. Would he be remembered for his sex scandal? For his failures? Or would he be remembered for economic prosperity? For his triumphs? Would he live the life of a respected statesman, or as a vilified and impeached President? His future must have seemed extremely uncertain at age 54. Where does he go from here?

Whether one likes Bill Clinton or not is not the point; he certainly accomplished an amazing amount by his mid-50s... and if a two term President can be completely uncertain about his future and his legacy, it would be ok for me to feel uncertain about my future as well.

I could become the CEO of a Fortune 50 company and my next 20 years could still be just as uncertain as they are today. The only way they won't be is if I stop dreaming of what could be. In other words, I accepted that uncertainty does not lessen with achievement, it actually grows.

The future is cloudy and difficult to see through. A person fearful of change and uncertainty will therefore take one step at a time, feeling the ground beneath him with every step, reaching out with his hands to feel the way. The person who embraces the fog will take calculated but intelligent decisions and run forward into the unknown. History is shaped by the men and women who leap into the unknown and don't slow down to feel the ground with every step. We may get bruised and fall along the way, but that is the means of all great progress. Just make sure you are heading in the right direction!