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Submit a Stellar Application

MBA BlastOff: 45 Terrific Tips to Launch Your MBA Application to Acceptance.

Create a Better Sequel: How to Reapply Right to Business School

Best Practices for
MBA Admissions

The Finance Professional`s Guide to MBA Admissions Success

The Consultant`s Guide to MBA Admission

The Nine Mistakes You Don`t Want to Make on an MBA Waitlist

The Nine Mistakes You Don`t Want to Make on a Med School Waitlist

Write Your Way to a Residency Match

Write Your Way to a Fellowship Match

The Nine Mistakes You Don`t Want to Make on a Law School Waitlist

September 2001 Volume 4, Issue 9
Free monthly newsletter Subscribers: 3158
Back issues ISSN: 1526-2316
Published by Accepted.com Linda Abraham, Editor
Subscriber self administration

Accepted.com Odds 'N Ends

We have decided to publish this newsletter as a service to our clients and others who register for it on our Web site. Accepted.com's Odds 'N Ends will bring you our tip of the month, admissions information for grad, law, MBA, and medical school applicants, and news about Accepted.com.

We also welcome contributions from readers. If you have comments, questions, or perhaps an article idea, please e-mail our editor. We cannot publish everything we receive, but we will try to respond to everyone. And as always, we appreciate feedback.

Index

What's New at Accepted.com
Essay Tip of the Month
Resume Tip of the Month
Grad Admission News You Can Use
Law Admission News You Can Use
MBA Admission News You Can Use
Medical Admission News You Can Use
College Admission News You Can Use
Our Services

What's New at Accepted.com

World MBA Tour

Would you like to see the faces behind the names? Ask questions in person? Well now you can. Accepted.com editors will be on tour - the World MBA Tour in New York City (September 22, 2001), Boston (September 24, 2001), and Toronto (September 26, 2001). You can meet Cindy in NY, Paul in Toronto, and me in Boston. Please stop by and say "Hi." We look forward to meeting you on the World MBA Tour.

Even if you can't make the North American events, don't miss the World MBA Tour (an Odds 'N Ends advertiser). The World MBA Tour provides an excellent opportunity for you to meet adcom members and obtain information about the different programs. The Tour will visit major cities throughout Europe, Asia, and Latin America. For more information, please visit TopMBA.com.

Columbia MBA Chat!!!

Please join us for our first online chat of the 2002 MBA admissions season. Linda Meehan, Assistant Dean and Executive Director of Admissions and Financial Aid at Columbia Business School, will be our guest at a chat on Wednesday September 12, 2001 at 6:00 PM Pacific Time (7:00 PM Mountain; 8:00 PM Central Time; and 9:00 PM Eastern Time). Come and ask all your questions about Columbia's admissions policies and outstanding program to someone who really knows.

Save the Date

On November 2, 2001 at 4:30 PM Eastern Time (3:30 PM Central Time; 2:30 PM Mountain Time; 1:30 PM Pacific Time), I will be the guest on the Mr. E.D.U. radio show airing on KFNX AM 1100 in Phoenix and WALE AM 990 in Providence. If you don't happen to live in Providence or Phoenix, you can listen to the show at www.NABCinc.com using RealAudio.

Essay Tip of the Month

Evaluating Foreign Academic Credentials

These days one hears a great deal about globalization and the international economy. Higher education is no different, with the recent trend toward mobility and the recognition of international credentials. More and more students are going outside their home countries to pursue graduate education; when they do, their undergraduate and post-graduate education needs to be evaluated and converted to the educational system of the country in which they will be studying. There have recently been a number of agreements drawn up by European countries, which formalize the recognition of educational credentials within the European Union, even going so far as to develop a system of measuring the quantity of academic work, the European Credit Transfer System.

In the United States, which continues to be a popular destination for international graduate students, the recognition and equivalency of foreign credentials has not been formalized. Many universities, particularly larger ones, determine equivalencies themselves. Even within a university, different schools or programs may have different policies for foreign applicants. In most cases, graduate admissions is separate from undergraduate admissions, and in large universities it is common for the business school, for example, to make its own admission decision independently from other graduate schools within the university. However, an increasing number of institutions are turning to private credential evaluation agencies to prepare evaluation reports showing the US equivalency of the educational achievements of their foreign applicants. In effect, the evaluation agency prepares a report that shows the applicant's educational history and academic work in US educational terms. The most common types of reports are "General" and "Course-by-Course" or "Credential-by-Credential." The General report will indicate the degree equivalency, usually with a grade point average; the Course-by-Course will include the same information in the General report, plus a list of all the courses taken with credits and grades shown for each.

A potential graduate student who has completed part of all of his education in a country outside of the United States should first contact the schools to which he is applying, and find out what their policies are for foreign applicants. If the university or specific program does not make the equivalency determination itself, they usually have one or several evaluation agencies whose reports they accept. Because each evaluation company is autonomous and independent, even well established agencies will arrive at different conclusions for the same credential. Therefore, to maintain consistency, it is preferable for a school that uses a private evaluation agency to choose one. In most cases the student will contact the evaluation agency directly, and the school does not participate in the process until the evaluation report has been prepared (the student may have the report sent directly to a school or schools). The fee for most General

reports is approximately $75-$100; for Course-by-Course evaluations, it is $120-$150. In many cases photocopies of all post secondary educational documents are required, including degrees and diplomas, grade reports, and, depending on the country, curricula or syllabus information. In some situations, the applicant may be required to submit the original documents. If this is the case, we recommend that one use registered mail. Most agencies also offer rush service for an additional fee if the report is needed quickly.

If the student has not decided which school or program he will be applying to, he can still request an evaluation report from a private evaluation agency. The national organization that oversees evaluation agencies is called the National Association of Credential Evaluation.

Services (www.naces.org), and would be a good starting point. Some schools that do not prepare their own equivalencies and do not require reports from a specific evaluation agency will accept evaluation reports from NACES members.

Regardless of who prepares the evaluation report, it is the student's responsibility to review the report thoroughly for both degree equivalency and credit and grade conversion. Evaluation reports are prepared with the most current resources available to the evaluators; however, it is possible that either they or the student make an error. If an applicant can provide additional information that will affect the results shown on the report, the evaluator may change the results. It is the responsibility of the evaluation agency to review the additional documentation submitted and the information used to prepare the report when the applicant disagrees with the report. The content of the evaluation report affects the admission decision to graduate school, and can have an impact on future employment or professional licensure.

By Margaret Wenger, Senior Evaluator
Educational Credential Evaluators, Inc.

Resume Tip of the Month

Aligning Your Resume with Your MBA Application Essays

MBA applicants almost always submit a resume with their application. Many schools require it, and some schools, such as Columbia, even specify a given format. If a school doesn't require a job history as part of the application and you are not submitting electronically, you should provide a resume. Not only will it present a valuable context for your other materials, but it also will give the adcom readers an easy point of reference as they read your essays.

To use the resume to the best advantage strategically in the application, you must align it with your essays. First, follow the basic rules of good resume writing for your MBA application resume. (see our resume section ) Beyond that, there are several points to consider in preparing your resume for your MBA applications:

  • The resume can free up space in your essays. By summarizing your experience and achievements in the resume, you don't have to worry about cramming every noteworthy item into your essays or sketching out your career path. Rather, you can be very selective and detailed in the experiences you do elaborate on in the essays.
  • Be consistent in your resume and essays: refer to companies, job titles, departments, technologies, and other items in the same way in both pieces. Not only does this prevent confusion, but it also heightens the unity and coherence of the overall application.
  • Review your essays and determine whether there are particular skills, abilities, talents, or experience that you should reinforce. Then use your resume to do so. For example, if your verbal GMAT score was low, presumably you emphasized your verbal skills in your essays. Use the resume to strengthen the impression of strong verbal skills.
  • Your goals are the anchor of your application essays; everything you write should directly or indirectly relate to them. So should the resume. In selecting the experiences and accomplishments to highlight, try to give the resume a slant that reflects your goals.

Cindy Tokumitsu
Editor, Accepted.com
Member, Professional Association of Resume Writers

Grad Admission News You Can Use

The Struggle to Earn Tenure

According to The Chronicle of Higher Education, it's becoming much more difficult for junior faculty members to earn tenure. The process at most schools is becoming more formal and demanding at both major research universities and teaching institutions. While granting tenure is still based on the same three major requirements, teaching, research and publishing, and service, the focus seems to be concentrated more now on research and publishing. This puts the pressure on young professors to publish more and publish often, some say at the expense of teaching and service. And some universities are accelerating the usually seven-year-long process, often by requiring substantial reviews during a junior professor's third or fourth year, thus weeding out young scholars who might not make the cut after seven years. It's easier for universities to demand more now, with such a depressed job market for some departments. Also, since universities are no longer as worried about declining undergraduate enrollment, they are trying to improve their profiles by hiring only professors with excellent reputations. But many professors already recognized for excellent educational skills are being turned away because they have not published several books and a whole bunch of articles. And this pressure to publish is passed on to graduate students, who must start focusing their efforts to publish as soon as possible.

Fortunately, steps have been taken to ensure clear and consistent tenure policies. The American Council on Education, the American Association of University Professors, and United Educators Insurance Risk Retention Group have jointly released a report called "Good Practices in Tenure Evaluation: Advice for Tenured Faculty, Department Chairs, and Academic Administrators." The report covers the following major areas: clear tenure processes, consistent tenure decisions among faculty members and administrators, and assistance for unsuccessful candidates in relocation.

You can view the report at www.acenet.edu

Law Admissions News You Can Use

Law School Applications Increase as Economy Slows

The New York Times reports a sharp increase in the number of people taking the LSAT and applying to law schools this year. The trend began late last year when the economy began to slow. Many students seem to be looking to law school as their safe ticket during times of economic uncertainty. While business school also shows increases in applications, law school applications seem to be the most affected by changes in the economic climate. Almost 24,000 people took the LSAT this past June, an increase of 18.6 percent over June in the previous year. Kaplan Inc. reports that the number of people taking its LSAT preparatory classes is up almost 20 percent as well. The number of applications is up too — 5.6 percent. This is the largest increase in ten years! Many believe that a law degree will guarantee them the job security often denied in our post-Internet bubble, slowing economy. But recent layoffs in some leading law firms suggest that even a law degree is no guarantee of a good job these days. And the increase in applications will likely lead to a decrease in acceptance rates for most schools.

Student with Dyslexia Given Special Accommodations on Bar Exam

A federal judge has ruled that a recent law-school graduate with dyslexia should receive special accommodations when taking the test, according to the Chronicle of Higher Education. Marilyn J. Bartlett has failed the New York State bar exam six times, which the judge chalked up to her reading impairment. The judge ordered the Board of Law Examiners to provide for her extra time, large-print questions, and the use of a computer for the test.

Informative Web Site About Law Schools

I recently stumbled upon this very useful website devoted to law schools. LawSchool.com is chock full of information, including Law School News, Law School Rankings, Exam Preparation, PreLaw Information, and much more.

Visit the website at www.lawschool.com.

MBA Admissions News You Can Use

Admissions Trends — Up, Up and Away

The Graduate Management Admissions Council reports that applications at full-time MBA programs increased at 65% of the schools participating in its annual survey, decreased at 28.36%, and remained flat at 5.97%. (4.48% didn't respond). Interestingly enough, despite the reports of large increases in applications, most schools (41%) reported a 1-10% increase in applications; 17% reported an 11-20% rise; and applications soared more than 21% at 7% of full-time programs.

These increases are significant, but they don't substantiate the wild rumors of widespread 60% increases that were bandied about last year. For some schools these numbers simply mean that applications have returned to their pre-dot-com-mania level.

What's going to happen this year? The schools are encouraging younger applicants to apply. Older applicants, who thought they would miss the gold rush if they took time off to go to school two years ago, are applying, and of course all those unemployed dot-bomb victims are suddenly becoming rather fond of credentials and security. These factors will increase applications. On the other side of the scale, our current weak economy may cause a few potential applicants to think twice about leaving a good job. Weighing it all up, I believe that last year's application numbers will be maintained or increase further at a slight to moderate pace.

View the survey results.

Job Trends — Down, Down, in the Ground

The Wall Street Journal reports that MBA recruiting for 2002 graduates is not going to be pretty. Many major MBA recruiters like Booz-Allen are planning to cut back severely on MBA hiring in the wake of hiring freezes and layoffs.

The traditional MBA fields — investment banking, management consulting, high-tech — have been particularly hard hit by the economic slowdown. The University of Chicago, which last year sent 42% of its graduates into investment banking, expects the number of recruiting companies, job interviews, and offers to drop 20 - 25% this fall. After eliminating 8500 positions in 2001, Cisco is "unlikely to select any new M.B.A.s for full-time employment" until Fall 2003, although it will recruit interns.

Schools are encouraging students to grab any reasonable offer, especially those that come from summer internships. They are also suggesting that students consider fields that have not in the past been big on campus recruiters: energy, pharmaceuticals and biotechnology.

In contrast to this WSJ article, Businessweek sees a glimmer of hope on the hiring horizon. Executive recruiters say their phones are starting to ring again after a dismal first half. Hiring freezes at consulting firms are starting to soften.

What positions are companies hiring for? Those that will have an immediate impact on the bottom line. "Stellar sales execs" according to BW are in high demand.

For the full article and advice on how to portray your experience, please visit BusinessWeek Online.

Haas Dean Tyson goes to LBS

Haas just announced that Dean Lara Tyson is resigning effective December 31, 2001. She has accepted a position as dean of the London Business School in England.

Professor Benjamin Hermalin, who has served as associate dean for academic affairs and chair of the faculty at Haas, will be the interim dean.  Hass will immediately begin a national search for a permanent replacement for Tyson.

Tyson sees the move to London as an opportunity to study the globalization of business. She will be on leave from her faculty position at UC Berkeley and plans to return to the campus at an unspecified time in the future.

Med Admissions News You Can Use

AMCAS Still has Bugs, Universities Provide Alternatives

The AMCAS Web site is apparently still plagued by problems. While many applicants have been able to use the online-only application with few difficulties, glitches and bugs are still hindering many others. According to the New Physician, the system really fell apart when thousands of students attempted to submit their application in June. The AAMC has doubled the number of AMCAS Internet servers, but many students, as well as admissions officers, are continuing to have problems. As a result of the frustrations, a number of universities have developed an alternate method of filing applications. The alternatives are to be filed in addition to the AMCAS application, allowing the universities to get started on applicant review while they wait for the AMCAS program to get straightened out.

Some of the schools that have released guidelines for filling out a paper application:

  • University of California Medical Schools (all five of them)
  • University of Chicago — Pritzker School of Medicine
  • University of Pittsburgh
  • University of Missouri, Columbia School of Medicine
  • Baylor University
  • John Hopkins University
  • Loma Linda University
  • Vanderbilt University
  • University of Iowa
  • Tulane University
  • The Medical College of Wisconsin
  • Yale University
  • Washington University School of Medicine

You can view the guidelines online.

College Admissions News You Can Use

Sharp Rise in Student Aid

According to The Chronicle of Higher Education, the past four years have shown a marked increase in the availability of student financial aid. The results of the "National Postsecondary Student Aid Study" released by the U.S. Dept. of Education, covered both institutional and governmental aid. It reported that 55% of undergraduates received some form of financial assistance for the 1999-2000 academic year. The average award was $6256, a 17% increase over 1995-96 when the study was last performed. The rise in student aid is largely due to the increased cost of a college education, as well as the expansion of Pell Grants. The stable economy of the past few years also seemingly contributed to the increase, and some worry that our currently slowing economy could also slow the tide of rising aid.

Why Dos College Cost So Much?

The Chronicle of Higher Education reports that in 1998 the National Commission on the Cost of Higher Education called upon college officials to account for the high costs of attending college. The response, in the form of a three-year study conducted by the National Association of College and University Business Officers, was surprising. The preliminary results (final results expected to be released next year) showed that almost every college is spending more to educate undergraduates than it charges in tuition! This conclusion disproves some theories about the cost of attending college, including the idea that some students are overpaying to provide financial aid to those who cannot afford to attend. Although colleges were not asked to report how they made up for the difference, it seems public colleges use mostly government funds, and private colleges use primarily endowment income.

The report also found that colleges were spending a huge majority (anywhere from 70 to 90 percent!) of their resources on student instruction and other student services.

Take a Virtual Tour of the Colleges You're Considering

Wouldn't it be great if you could visit the schools you're considering from the comfort of your own home? Well, now you can! Collegiate Choice Inc. offers "Collegiate Choice Walking Tours," a video series that allows you to experience even a distant campus. An independent group of college advisors, who have no affiliation with the colleges themselves, produce the video tours and provide unbiased views of the different campuses. This group provides a wide selection with over 330 schools to choose from. While a video can never replace an actual visit to a school you're seriously considering, these tapes can be a valuable tool in narrowing your options.

For general and ordering information, please visit, CollegiateChoice.com.

The Award for Top Party School Goes To...

Last year's winner, Louisiana State University, was knocked off its throne this year in the Princeton Review's annual college guide. And the winner is. . . the University of Tennessee at Knoxville! The students there know how to party, according to a survey of 65,000 students at 331 colleges and universities across the nation. Want to know who won the other categories, such as Best Food and Happiest Students? Check out the results in the Princeton Review book, The Best 331 Colleges.

Tell a Friend

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