Wharton Admissions Chat with Thomas Caleel

Wharton Admissions Chat with Thomas Caleel

Please feel free to let us know if you would like to be informed of future chats by sending e-mail to chat@accepted.com. We would also be interested in knowing if you would prefer a different format or different topics.

Linda Abraham (Sep 29, 2006 9:45:41 AM)
First I want to welcome you all to Accepted.com’s Wharton admissions chat.

Linda Abraham (Sep 29, 2006 9:45:50 AM)
I want to introduce our special guests from Wharton:

Linda Abraham (Sep 29, 2006 9:45:59 AM)
Thomas Caleel, Wharton's Director of Admissions and Financial Aid

ThomasCaleelWharton (Sep 29, 2006 9:46:01 AM)
Thank you for the invitation, Linda. It's a pleasure to be back.

Linda Abraham (Sep 29, 2006 9:46:12 AM)
Peggy Bishop Lane, Deputy Vice Dean & Adjunct Associate Professor of Accounting;

PeggyBishopLaneWharton (Sep 29, 2006 9:46:17 AM)
Thank you, Linda, I'm glad to be here.

Linda Abraham (Sep 29, 2006 9:46:17 AM)
Jackie Zavitz, Associate Director, Wharton MBA Admissions and Financial Aid

Linda Abraham (Sep 29, 2006 9:46:23 AM)
Tammy Carter, Associate Director, Wharton MBA Admissions and Financial Aid

JackieZavitzWharton (Sep 29, 2006 9:46:25 AM)
Hello all... good to see s2s posters!

Linda Abraham (Sep 29, 2006 9:46:30 AM)
Balaji Nagabhushana, second-year Wharton MBA student (Class of 2007)

Linda Abraham (Sep 29, 2006 9:47:38 AM)
We have representatives here from Wharton's program, admissions, and financial aid offices. Could each of you tell us about something new or interesting in your area?

Linda Abraham (Sep 29, 2006 9:47:43 AM)
Balaji, could you tell us a little about yourself? What was your undergrad major and where did you earn your undergrad degree? What did you do before you came to Wharton? What do you want to do after Wharton?

ThomasCaleelWharton (Sep 29, 2006 9:48:17 AM)
I should also mention that Jackie has recently joined us from Wharton's Career Management Office, and as such, can give a good perspective on the recruiting process..

Linda Abraham (Sep 29, 2006 9:48:30 AM)
Great. Thanks Thomas.

BalajiNagabhushanaWharton (Sep 29, 2006 9:48:41 AM)
Linda, I have an engineering undergrad from India, worked in management consulting prior to Wharton, also setup a startup company and I want to move into venture capital after Wharton

PeggyBishopLaneWharton (Sep 29, 2006 9:48:48 AM)
One thing we've been focusing on in the Program this year is expanding international opportunities. We instituted an exchange program with the Indian School of Business this year and are investigating options in China for the coming year.

Linda Abraham (Sep 29, 2006 9:49:16 AM)
Peggy, what is Wharton's greatest programmatic strength? What is it working to improve?

Linda Abraham (Sep 29, 2006 9:49:23 AM)
Thanks Bilaji.

TammyCarterWharton (Sep 29, 2006 9:49:48 AM)
There really isn't anything new in Financial Aid this year.

guest20 (Sep 29, 2006 9:49:53 AM)
Thomas, do you see any recruitment challenge given that Columbia increased its class size last year to 726 from around 515?

ThomasCaleelWharton (Sep 29, 2006 9:49:53 AM)
guest, not really. There are many qualified applicants.

PeggyBishopLaneWharton (Sep 29, 2006 9:49:59 AM)
Our greatest strength is how we ultimately prepare our students. We focus on rigor at in all areas, quantitative (econ, stats) and qualitative (leadership, entrepreneurship).

ThomasCaleelWharton (Sep 29, 2006 9:50:07 AM)
Of interest in MBA Admissions is our opportunity for Early Career applicants (those with 0-3 years of work experience) to apply.

JackieZavitzWharton (Sep 29, 2006 9:50:14 AM)
As Thomas mentioned, I came to Adcom from MBA Career Mgmt; I managed IB and PE recruiting, but can talk to a wide variety of career paths that MBAs pursue.

pythagoras (Sep 29, 2006 9:50:43 AM)
Tammy: typically I have a job interview CV ...crisp 1 pager. Do I need to make it more comprehensive if the application has not been seen by the interviewer ?

PeggyBishopLaneWharton (Sep 29, 2006 9:50:50 AM)
We are always out to improve the opportunities for our students. Whether that is in the form of more and varied electives, greater job opportunities or co-curricular initiatives, such as a new conference or speaker.

ThomasCaleelWharton (Sep 29, 2006 9:51:20 AM)
pyth- a one-page CV is the norm. Use the IV to give the details behind the CV.

pythagoras (Sep 29, 2006 9:51:34 AM)
Thomas: in the essay 1 do I need to start from my first job or should I start from my college and reason behind my choice of field ?

mehlerak (Sep 29, 2006 9:51:40 AM)
Peggy: How do you see the Yale SOM change of curriculum and when was the last time that Wharton had a core curriculum overhaul?

nayiem (Sep 29, 2006 9:51:51 AM)
Jackie: how long do the adcoms spend reviewing each application?

Cnu (Sep 29, 2006 9:52:17 AM)
Tammy: I want to visit the campus sometime next week. I talked to some adcom members and they said it is good to visit the school from Mon-Thu. What is the best time to visit in these days and if it is possible to meet a student who has the same career interests as me ?

ThomasCaleelWharton (Sep 29, 2006 9:52:17 AM)
pyth- you should use your own judgement when it comes to deciding what is relevant. Each candidate will have a different experience set to draw from and present.

ThomasCaleelWharton (Sep 29, 2006 9:52:34 AM)
cnu- Mon-Thurs is the best time to visit because we have classes those days. If you arrive at 420 Huntsman Hall at 8:40, a student will be available to take you to class. You can then attend lunch with students, take a campus tour (1:30), and sit in on an information session given by the AdComm (3:00).

JackieZavitzWharton (Sep 29, 2006 9:52:57 AM)
Nayiem-- each application is reviewed by at least three individuals: a GA (2nd year student who is full member of adcom); adcom staff, and our director. All candidates who are admitted to Wharton also are interviewed by GA, adcom or alumni.

PeggyBishopLaneWharton (Sep 29, 2006 9:53:07 AM)
mehlerak, Wharton has been tweaking its core curriculum over the past ten years, since our last major overhaul in the early 90s. We've eliminated some courses from the core, making them electives, changed the way leadership was offered and are considering additional changes in those areas. The Yale and Stanford changes will be interesting to watch.

Kelly (Sep 29, 2006 9:53:16 AM)
Jackie Hello, Linda, is it assumed that the recommenders have read our essays? And that the admissions rep reads the essays before reading the recommendations?

claudia (Sep 29, 2006 9:53:31 AM)
Thomas: what specific characteristics are you considering for early Career applicants?

ThomasCaleelWharton (Sep 29, 2006 9:53:53 AM)
claudia- ECs are held to the same standards as any other candidate. In all cases, we look for: intellectual curiosity; a demonstrated record of achievement; and passion. How you express that is up to you!

dikha (Sep 29, 2006 9:54:06 AM)
Thomas: Does it mean those older applicant have a disadvantage

JackieZavitzWharton (Sep 29, 2006 9:54:10 AM)
Kelly, You may want to share your essays w/ your recommenders, as it will give them insight as to why you are pursuing an MBA. We read the application in its entirety all at once.

Hobbes (Sep 29, 2006 9:54:19 AM)
Jackie: I am an Indian IT applicant wanting to move into nonprofit. I have adequate nonprofit volunteering experience - 3 yrs. Any specific suggestions? Pitfalls to be avoided? Areas that definitely need to be shown?

ThomasCaleelWharton (Sep 29, 2006 9:54:37 AM)
dikha- absolutely not! Older applicants do not have a disadvantage.  Age plays no role in the admissions process. What matters is "why now is the right time" for you to seek an MBA.

PCV (Sep 29, 2006 9:55:04 AM)
Jackie: About summer internship: For students heading into nonprofit and government works, are there complementary compensation for the lack or no income?

claudia (Sep 29, 2006 9:55:15 AM)
Tammy: do you encourage women students?

dc (Sep 29, 2006 9:55:25 AM)
Peggy: I understand a lot of students want to get into venture capital or private equity, what has Wharton done to help that process?

BalajiNagabhushanaWharton (Sep 29, 2006 9:55:26 AM)
Hobbes - very difficult to advice without looking the full application, but you can highlight how your past experiences and education at Wharton will help you reach your career goals

JackieZavitzWharton (Sep 29, 2006 9:55:30 AM)
Hobbes-- thinking about what specifically you're considering in NP would be good-- it's a broad field. How your background will help you make that change as well is good.

Eugene (Sep 29, 2006 9:55:35 AM)
This if for Balaji: I'm curious if it will be possible to take a concept, develop it through the Venture Initiation Program and then enter into the Business Plan competition

TammyCarterWharton (Sep 29, 2006 9:55:39 AM)
Claudia - Of course we encourage women students.

ThomasCaleelWharton (Sep 29, 2006 9:55:59 AM)
claudia- yes we do encourage women students, and 36% of the current first year class is female. Definitely explore Wharton Women in Business (www.whartonwomen.org) to learn more about our community.

Kelly (Sep 29, 2006 9:56:11 AM)
Thank you Jackie.

JamieNZ (Sep 29, 2006 9:56:25 AM)
Jackie: - How important is it for international students to apply by the 2nd round deadline? I really want to visit the school but not sure I will be able to make it in time...

JackieZavitzWharton (Sep 29, 2006 9:56:27 AM)
PCV - There are programs at Wharton to subsidize students who pursue SIs in NP; however, you must apply and be chosen.

Cnu (Sep 29, 2006 9:56:31 AM)
Thomas: I wanted to know the best "time" to visit on those days

BalajiNagabhushanaWharton (Sep 29, 2006 9:56:36 AM)
Eugene - yes, it would be possible to do that but I would keep the two of them separate...but guess you can do it

PeggyBishopLaneWharton (Sep 29, 2006 9:56:37 AM)
dc - We have increased the offering of electives in those areas and have individualized majors in those areas too. We instituted a Private Equity conference a few years ago that may be one of our most successful. Jackie may also want to comment from a Career Management perspective.

guest20 (Sep 29, 2006 9:56:49 AM)
Balaji What was the unpleasant surprise at Wharton? In other words what did you expect of Wharton before coming and didn't find there ?

PCV (Sep 29, 2006 9:56:59 AM)
Thomas, in regards to LOC, would it be looked upon unfavorably if a generic letter is sent, albeit one answering all the required questions?

ThomasCaleelWharton (Sep 29, 2006 9:57:01 AM)
cnu- if you show up at 8:40 am, then you will be able to take full advantage of the class visit program.

Wharton2009 (Sep 29, 2006 9:57:14 AM)
TAmmy, I have a question related with applying as a couple. Does it make sense to inform ADCOM about this and is there a standard process to inform?

JackieZavitzWharton (Sep 29, 2006 9:57:24 AM)
JamieNZ - We recommend 1 or 2 round for all applicants, as round 3 is on space-avail basis.

ThomasCaleelWharton (Sep 29, 2006 9:57:28 AM)
PCV- I always believe in following the instructions and providing what is asked for.

BalajiNagabhushanaWharton (Sep 29, 2006 9:57:59 AM)
guest20 - The work load in the first year is quite high. Though I was confident I could balance my schedule well, I felt I could have done better on that

Linda Abraham (Sep 29, 2006 9:58:05 AM)
Jackie, do you want to follow up on the private equity question from a career mgmt perspective. What is Wharton doing to enhance graduates opportunities in that area?

piyusht (Sep 29, 2006 9:58:27 AM)
Hi bala, can you throw some light on the "advance study projects" under Wharton's professors in case I want to study in some specific field?. How much the involvement is with industry during such kind of projects?

ThomasCaleelWharton (Sep 29, 2006 9:58:47 AM)
Wharton2009- we would recommend that you mention something in the optional essay about applying as a couple. There is no advantage/disadvantage to letting us know, but we appreciate the data point.

dc (Sep 29, 2006 9:58:48 AM)
Thomas: hi, to what extent does the recommendation play, given that a lot of them have been written by applicants themselves.

JackieZavitzWharton (Sep 29, 2006 9:58:56 AM)
Linda-- thanks. PE is a very big area of interest for our students. Aside from MBACM aggressively reaching out to PE firms to encourage them to recruit our students. We also have a very substantial PE education effort from MBACM. finally, we also work to build connections with students interested in PE and alumni who are in the field. Wharton holds a PE conference every year that has substantial industry attendance.

claudia (Sep 29, 2006 9:58:57 AM)
TAmmy: I started my own business consulting business, but proved to be unsuccessful. Should this be a considerable weakness in my application?

ThomasCaleelWharton (Sep 29, 2006 9:59:27 AM)
dc- "alot" is a strong word. The recommendation is a data point. And believe me, we know when the applicants write them themselves. A strong recommendation can only come from someone who knows you well- strengths and weaknesses.

asaf (Sep 29, 2006 9:59:33 AM)
Peggy: Can you please describe the strength of the Marketing major? does Wharton has apparent advantages over other schools in Marketing?

PeggyBishopLaneWharton (Sep 29, 2006 9:59:43 AM)
piyusht - there are other ways to work with industry too. For example, the Global Consulting practicum is a hands-on opportunity to work with a client firm and students from other universities, as well as faculty.

BalajiNagabhushanaWharton (Sep 29, 2006 9:59:54 AM)
piyusht - the "advanced study projects" can be proposed by you. You take an idea and pitch it to a professor. The school does help you with getting contacts with the industry in such cases

Eugene (Sep 29, 2006 9:59:57 AM)
Balaj: Thank you. Why separate them? Is the goal of one different than they other?

dikha (Sep 29, 2006 10:00:26 AM)
Jackie: by the time I graduate, I will be 35. Do I stand any chances to switch easily from IT consulting (9 years exp) to Mgt & Strategy Consulting? Will those EC be more attractive than the older ones?

BalajiNagabhushanaWharton (Sep 29, 2006 10:00:38 AM)
Eugene - no, they are linked, but if I would use these as incubators for multiple ideas. But you can use the same idea in both too

ThomasCaleelWharton (Sep 29, 2006 10:00:39 AM)
claudia- we are interested in the learning process that resulted from the failed business. As an entrepreneur myself, I've definitely had a few failed ventures along the way...

JamieNZ (Sep 29, 2006 10:00:51 AM)
Hi Tammy - Do all students have the opportunity to take part in the INSEAD Alliance. I see from the website that students ca spend up to 7 weeks at an INSEAD campus...as well as take part in the International Exchange. Thanks

JamieNZ (Sep 29, 2006 10:00:56 AM)
Thanks Jackie

PeggyBishopLaneWharton (Sep 29, 2006 10:01:02 AM)
asaf - while I'm clearly biased, I think it can be objectively verified that Wharton's marketing faculty is the best in the world. That gives us a huge advantage. Like the rest of the program, our marketing courses are fairly rigorous, meaning you'll get exposure to a way of thinking about marketing that other students at different schools may not.

nayiem (Sep 29, 2006 10:01:04 AM)
Thomas: Are international students at a disadvantage at applying for jobs/internships in the US? What are the career placement success rate like for international students in relation to securing jobs in US?

ThomasCaleelWharton (Sep 29, 2006 10:01:17 AM)
Jamie- you will need to apply to participate in the INSEAD exchange program.

JackieZavitzWharton (Sep 29, 2006 10:01:21 AM)
Dikha-- yes, you can switch easily, but based on your experience, you may be pursuing positions that are a level higher than many of your peers-- MBACM would work with you to help craft a recruiting strategy.

Kelly (Sep 29, 2006 10:01:38 AM)
Thomas: In general, should we include specifics in our essays: 50% improvement vs. significant improvement. Or: I started work in 2002 vs. I started work a year out of college?

Hobbes (Sep 29, 2006 10:01:58 AM)
Thanks Balaji, Jackie. Will I be looked @ with suspect since most Indian IT applicants want to move into consulting/IB? I mean will I have to take special care to bring out my enthusiasm and passion for nonprofit, more than the others?

JackieZavitzWharton (Sep 29, 2006 10:02:04 AM)
Nayiem-- The placement rate for int'l students is the same as for domestic students.

pythagoras (Sep 29, 2006 10:02:05 AM)
Peggy: do you have any special research group/ club focusing on currency derivative et al ?

JackieZavitzWharton (Sep 29, 2006 10:02:14 AM)
Hobbes- not at all! You will not be looked at differently.

BalajiNagabhushanaWharton (Sep 29, 2006 10:02:25 AM)
nayiem - you can also check http://mbacareers.wharton.upenn.edu/report/profile_1.cfm for the details of the internship placements

ThomasCaleelWharton (Sep 29, 2006 10:02:33 AM)
Kelly- I think that quantifying results can be helpful as long as it helps us put things in context.

dc (Sep 29, 2006 10:02:36 AM)
Jackie, could you comment more on the advantages or disadvantages of round 1 versus 2? is there really any difference? what is the actual process?

piyusht (Sep 29, 2006 10:03:00 AM)
Bala:I would like to know if I can integrate Immersion program with my interest in power sector by choosing a developing economy that is similar to my home country in terms of economic growth and different in terms of public policy, competitiveness, regulatory framework, etc to expose myself to the different sides of my target industry. How the students are allotted to the projects? interest? grades? previous exp ?

PeggyBishopLaneWharton (Sep 29, 2006 10:03:00 AM)
pythagoras - I am not aware of any specific focus on currency derivatives, although I'm sure that people in the finance or investment management clubs would have interests in that area. Also, many of our finance faculty will have interests in researching in that area.

Cnu (Sep 29, 2006 10:03:12 AM)
Thomas: I am interested in going into Quant Finance field. To prepare myself towards that, I am taking basic finance/ accounting / statistics courses before I start the MBA program. Also, I am preparing for the CFA L1 exam. Is it possible to waive these courses from core ?

JackieZavitzWharton (Sep 29, 2006 10:03:16 AM)
DC-- No disadvantages to Round 1 or Round 2-- apply when is best for you, that results in the best application.

kal (Sep 29, 2006 10:03:27 AM)
Tammy: Hi, I want to major in Organizational behavior at Wharton, Can I get the contact of a current student at Wharton.

dc (Sep 29, 2006 10:03:35 AM)
Jackie, how is a PE person from Asia viewed in terms of diversity to the program, ie is he/she considered a IBanker? what is Wharton's emphasis of recruiting PE people for their first year class.

JamieNZ (Sep 29, 2006 10:03:44 AM)
Thanks Thomas - do most students who apply for an exchange have a good chance at participating?

ThomasCaleelWharton (Sep 29, 2006 10:03:45 AM)
cnu- that would be up to the Program Office whether you can waive the courses from core

Kelly (Sep 29, 2006 10:03:51 AM)
Thank you, Thomas.

Linda Abraham (Sep 29, 2006 10:04:01 AM)
Kelly, in general, specificity rules.

ThomasCaleelWharton (Sep 29, 2006 10:04:22 AM)
kal- unfortunately we cannot give out student contact information. But you can certainly post on student2student and a current student may contact you...

asaf (Sep 29, 2006 10:04:23 AM)
Peggy: Can you give some examples to marketing courses which make a difference for your students? Any marketing real life experiences like workshops or projects with the industry? Thanks!

JackieZavitzWharton (Sep 29, 2006 10:04:23 AM)
DC-- diversity is more than just professional background; we have students from both fields join our class every year.

Claudia (Sep 29, 2006 10:04:27 AM)
do you have students with children?

PeggyBishopLaneWharton (Sep 29, 2006 10:04:30 AM)
cnu - actually, it would be up to the specific faculty if you have the credentials or knowledge to waive and it varies by class. However, even if you don't have the credentials, with some exceptions, there is typically a waiver exam you can take to waive out of a core course.

BalajiNagabhushanaWharton (Sep 29, 2006 10:04:51 AM)
piyusht - surely you can. The immersion program usually happens over the summer and allows you to network with companies in different emerging economies. How you take it forward from there is based on your individual efforts.

ThomasCaleelWharton (Sep 29, 2006 10:04:57 AM)
Jamie- generally, yes, most people who apply for an exchange have a good chance at participating. But INSEAD is a popular program, so not everyone can participate.

JackieZavitzWharton (Sep 29, 2006 10:04:58 AM)
Claudia-- we have students with children every year, and about 20% of our students have partners/spouses.

AjayIndia (Sep 29, 2006 10:04:59 AM)
Peggy: What are the core strength areas of Wharton?

PeggyBishopLaneWharton (Sep 29, 2006 10:05:31 AM)
asaf - actually, GCP that I mentioned earlier is a mktg course by label. Marketing research and Marketing Strategy electives are seen as essential by both students and faculty. Other courses like Retailing or Sports Marketing can be very relevant, but relate to a smaller audience

Linda Abraham (Sep 29, 2006 10:06:03 AM)
Balaji, What is your biggest take-away so far from Wharton?

asaf (Sep 29, 2006 10:06:56 AM)
Thomas: I'm a Computer engineer seeking Marketing opportunities post MBA. Can you think about special marketing courses / Activities which have technological emphasis?

PeggyBishopLaneWharton (Sep 29, 2006 10:06:56 AM)
AjayIndia - I think our core strength lies in the intellectual rigor of our faculty which translates into our ability to recruit the best students and the best employment opportunities. Excellence breeds excellence. They feed on each other.  More specifically, from a subject area perspective, obviously finance and accounting are strong, but often overlooked real strengths are marketing, entrepreneurship, real estate, health care - I could go on!!

JamieNZ (Sep 29, 2006 10:07:14 AM)
Thanks Thomas - there looks to be lots of other good schools too.

Wharton2009 (Sep 29, 2006 10:07:30 AM)
My recommenders want to submit their recommendations as a word document (in question - answer format) because some of their answers exceed characters limit while some others use less than the specified limit - in all still fitting in about 3 pages. From what I have learned from s2s discussion forum, there is no penalty for doing that. Can someone please re-confirm that?

BalajiNagabhushanaWharton (Sep 29, 2006 10:07:34 AM)
Linda, my biggest take-away has been the learning from my classmates...there has been a lot that I learnt from them which augments what I learnt from my professors. It is difficult to explain, but I feel I am a much more confident leader now

Hobbes (Sep 29, 2006 10:07:58 AM)
Jackie: since I want to move into NP , would it make sense to include a section for it in my resume and detail my experiences? or should I just include those in "additional info"?

ThomasCaleelWharton (Sep 29, 2006 10:07:59 AM)
asaf- I will defer to the course guide and the Program Office on this question, but I know there are plenty of initiatives to blend marketing and technology.

JackieZavitzWharton (Sep 29, 2006 10:08:01 AM)
Wharton2009-- yes, they can upload a separate document in lieu of posting in the question fields online.

JackieZavitzWharton (Sep 29, 2006 10:08:27 AM)
Hobbes-- not sure what you mean-- are you talking about your application or resume? If the latter, MBACM would work with you to craft a resume that is applicable for NP positions.

Abhk (Sep 29, 2006 10:08:31 AM)
Thomas, I have heard about an "Alumni Recommendation", which an alumni who is your friend can write for you. How far is this true, and whether this makes any sense to send a recommendation from an alumni just because he is your friend ?

PeggyBishopLaneWharton (Sep 29, 2006 10:08:47 AM)
Asaf - I have to admit I don't know the details of the marketing courses that well, but you can find the Resource Guide that describes all classes on the public website. One thing that certainly does this blend is the joint Marketing/Operations major.

dc (Sep 29, 2006 10:08:55 AM)
jackie, can I ask what percent of your students come from private equity?

JamieNZ (Sep 29, 2006 10:09:06 AM)
Thomas - I am from New Zealand, do you have any students or past students from my part of the world at Wharton?

AjayIndia (Sep 29, 2006 10:09:11 AM)
:) thank you Peggy

asaf (Sep 29, 2006 10:09:15 AM)
Thomas: Thank you.

ThomasCaleelWharton (Sep 29, 2006 10:09:32 AM)
Abhk- we ask for recommendations from people who know you best, and we discourage additional recommendations from alumni. We do this in the spirit of equity and fairness as not everyone has access to alumni...

JackieZavitzWharton (Sep 29, 2006 10:09:37 AM)
DC-- Not sure that I have that number at my fingertips of students from private equity, unfortunately. A good number, but not as many as other fields, which shouldn't be surprising based on the size of the space vs. other industries.

Linda Abraham (Sep 29, 2006 10:09:46 AM)
Thomas, Jackie, and Tammy: How do you review an application?

BalajiNagabhushanaWharton (Sep 29, 2006 10:09:50 AM)
JamieNZ - I had other choices too. I feel that the reason I picked Wharton was mainly linked to the people I had met from Wharton - both the students and the alumni. I found them to be very down-to-earth and helpful. I was also amazed by the kind of opportunities that you get here - in terms of of overall development and career options.  One more thing that helped me picked Wharton was the reputation and the brand-recall that the school had globally.

ThomasCaleelWharton (Sep 29, 2006 10:09:59 AM)
Jamie- of course! I don't have the exact figures on hand, but there is a strong Kiwi contingent in our alumni ranks.

JackieZavitzWharton (Sep 29, 2006 10:10:19 AM)
Linda-- We view an application holistically, looking at a variety of areas across the application.

ThomasCaleelWharton (Sep 29, 2006 10:10:28 AM)
We look at each application holistically. There is no "most important" part, and each application is review multiple times by different people. The key thing is for the applicant to express themselves clearly and to answer the questions asked. Honesty and self-awareness is always more effective than fancy prose

dc (Sep 29, 2006 10:12:12 AM)
Jackie, when u say holistically, could you be more specific, what are the most important things, what are you personally looking for?

JamieNZ (Sep 29, 2006 10:12:41 AM)
Thomas - is it possible to get in touch with these Alumni/students to get a perspective, or should I ask questions on the website to students on the forum?

piyusht (Sep 29, 2006 10:12:52 AM)
Bala.. with such a huge student body, did you ever feel a bit "lost"? Conversely, while working with the same sets of member for almost a year during the learning teams, did you ever feel that the duration of learning teams program should be a bit short to help you expose to more students and hence, more facets?!

JackieZavitzWharton (Sep 29, 2006 10:13:05 AM)
DC-- a variety of areas-- obviously academic aptitude and professional development, but also personal qualities and presentation-- the latter two areas often are where candidates distinguish themselves.

Claudia (Sep 29, 2006 10:13:15 AM)
Thomas: I'm 25, I started my "unsuccessful" consulting business hoping to earn as much as I could from real life examples. This was a great experience, however very "chaotic' - from marketing FMCG to financial analysis of real estate investment, from quality system procedures to drawing operational plan for pig farm. Do you think it's better to specialize in something and then apply?

Kelly (Sep 29, 2006 10:13:28 AM)
Thomas: A follow up on the specifics in the essay: do you feel applicants are able to tell a story when they include specifics? In other words, do you think the inclusion of specifics can make one sound like he/she is using fancy prose? And therefore just rehashing the resume?

JackieZavitzWharton (Sep 29, 2006 10:13:39 AM)
JamieNZ-- yes, you may want to go through the forum first, and then connect with alumni as well.

ThomasCaleelWharton (Sep 29, 2006 10:14:13 AM)
claudia- I think it's best to know when the right time is for you to apply. Sorry to be so opaque, but it's the truth. Just be sure to tie your experience to your goals, both at and after Wharton

ThomasCaleelWharton (Sep 29, 2006 10:14:51 AM)
Kelly- there's a fine line, and it is up to each applicant (who will have their own style) to present their application in the best possible way...

BalajiNagabhushanaWharton (Sep 29, 2006 10:15:08 AM)
piyusht - the class is huge and you will be lucky if you know half of them well by the end of two years. The learning team operating norms are defined by individual teams. Some teams meet for 10 times a week and some others meet 10 times all through the semester. So it depends on how frequently the team wants to schedule their meetings.

dc (Sep 29, 2006 10:15:33 AM)
Thomas: I was wondering also what is the difference between applying early in the second round, versus late in the second round,...

PCV (Sep 29, 2006 10:15:33 AM)
Thomas, for courses taken after the undergraduate degree, can I send over the additional transcript as part of the application package?

JamieNZ (Sep 29, 2006 10:15:34 AM)
Balaji - yep the reputation is amazing. I've only heard good things, so I am flying to Philly in December to visit and get a feeling for the school and students.

ThomasCaleelWharton (Sep 29, 2006 10:15:45 AM)
PCV- yes. Please do send over the additional transcripts.

JamieNZ (Sep 29, 2006 10:16:00 AM)
Thanks Jackie - can I access Alumni in my part of the world via that avenue?

ThomasCaleelWharton (Sep 29, 2006 10:16:18 AM)
dc- there is NO difference as to when you apply within the round. We don't even begin to consider applications until the round has closed.

PCV (Sep 29, 2006 10:16:21 AM)
Tammy, compared to Haas and Yale, Wharton has a smaller number of participants in socially responsible clubs even given its large size. Based on that fact, what is Wharton's strengths in the areas of social enterprise and CSR?

BalajiNagabhushanaWharton (Sep 29, 2006 10:16:23 AM)
Jamie - make sure you are here on a Thursday as you can experience the classes as well as the pub here

JackieZavitzWharton (Sep 29, 2006 10:16:38 AM)
Jamie NZ- Yes, we should have links to alumni clubs via our website; let me know if you have trouble finding.

kal (Sep 29, 2006 10:16:48 AM)
Balaji: How good is Wharton when compared to Tuck in terms of the student -to-student interaction. Is size a disadvantage in terms of having more student interactions?

Claudia (Sep 29, 2006 10:17:00 AM)
thank you Thomas. I will definitely read beyond your opacity :)

ThomasCaleelWharton (Sep 29, 2006 10:17:12 AM)
PCV, actually, about 15% of Wharton students are involved with SIM initiatives. Many will blend social enterprise with industry.  Also, Wharton has recently raised $2.5 m for loan forgiveness in the SIM sector (for graduates entering non-profit or governmental areas), as well as an additional $2 m from the Levy Family Fund to encourage SIM research, conferences, and other activities.

Linda Abraham (Sep 29, 2006 10:17:36 AM)
For Tammy, Jackie, and Thomas: What is the most common applicant mistake?

Linda Abraham (Sep 29, 2006 10:17:51 AM)
Peggy, during the first year core curriculum, do professor collaborate to encourage integration of business functions. Or does Wharton rely on the students to “connect the dots” on their own?

PeggyBishopLaneWharton (Sep 29, 2006 10:18:22 AM)
If I could add to Tammy's answer about CSR - interest from both the students and faculty in this area is increasing each year. Clubs in these areas are growing and faculty are more and more engaged with the students. There has been some recent press about our Non Profit leadership board, for one.

ThomasCaleelWharton (Sep 29, 2006 10:18:35 AM)
Linda- The most common mistake is trying to tell us what they think we want to hear and trying to "game" the system. We are as transparent as possible- please believe us!

BalajiNagabhushanaWharton (Sep 29, 2006 10:18:40 AM)
kal - I would say there is no difference. I know Tuck has a small class, but a huge class has its own advantages. You start off with a great network which is 3 times the size of Tuck. In terms of individual interactions, as far as I know, you would be interacting with 50-100 people closely at Tuck and you would do the same at Wharton too.

JackieZavitzWharton (Sep 29, 2006 10:18:48 AM)
Linda: one mistake is to rely on broad statements or platitudes in the application essays. While we don't expect you to be super-specific about career goals or details of why you like Wharton, the essays are an area to distinguish oneself.

Linda Abraham (Sep 29, 2006 10:19:23 AM)
Not that you're asking me, but I agree with both of you.

JamieNZ (Sep 29, 2006 10:19:57 AM)
Thanks Jackie, will do.

JamieNZ (Sep 29, 2006 10:20:07 AM)
I'll try and make Thursday Balaji, but I think I can do a Tuesday (work commitments)...is this OK still? I'm sneaking it in on the back of a NYC work trip!

bioman (Sep 29, 2006 10:20:21 AM)
For Tammy, Jackie and Thomas. Do applicant for the Health Care Management major evaluated in a different way the regular applicants?

PeggyBishopLaneWharton (Sep 29, 2006 10:20:24 AM)
Linda - in the core we gather the faculty before each teaching term to ensure they all know what each other is doing. Many of these faculty have been doing this for a while, so for some it's review. faculty often collaborate on cases to use and make references to what is being learned in other courses. However, the reality is that these faculty are experts in their individual fields and not across fields. The students do really end up being in the best position to connect the dots. In fact, I end up learning from my students about how my course relates to other courses and then can add that knowledge to my class in future terms!

BalajiNagabhushanaWharton (Sep 29, 2006 10:20:43 AM)
Jamie, Tuesday works too. Just let the admissions office know in advance.

ThomasCaleelWharton (Sep 29, 2006 10:20:50 AM)
bioman- not really. Applicants for the Health Care Management major undergo the same process, except that their file is also review by the HCM department.

Linda Abraham (Sep 29, 2006 10:20:51 AM)
Thanks for the complete answer, Peggy.

dc (Sep 29, 2006 10:21:11 AM)
Thomas what do u mean by gaming the system?

JackieZavitzWharton (Sep 29, 2006 10:21:58 AM)
DC-- Gaming the system by writing what you think we want to hear, or not applying at the best time for you if you think the timing gives you an advantage, which is doesn't.

kal (Sep 29, 2006 10:22:19 AM)
Tammy: my long term goal is to be a corporate coach in my home country helping CEOs of organizations define their missions, visions and goals. Will it be considered unrealistic. Often I hear that goals should sound realistic to the adcom. What's your take on this?

dc (Sep 29, 2006 10:22:40 AM)
Balaji, what is your experience with the career placement office. how would you rate them. how effective are they in preparing you for your career in VC, have they been able to provide concrete leads? Thanks

BalajiNagabhushanaWharton (Sep 29, 2006 10:22:59 AM)
DC - a lot of people make the mistake of trying to say what they think the admissions officers want to hear. My best advice is to be natural and tell your real story

kal (Sep 29, 2006 10:23:04 AM)
Thomas: My boss changed a few days back. Since I will have a new boss by the time I apply , should I explain this in the additional essay?

ThomasCaleelWharton (Sep 29, 2006 10:23:16 AM)
kal- if you can articulate a clear path to that goal, then no problem. Goals that are just added onto the application with no explanation or history are often viewed skeptically.

JackieZavitzWharton (Sep 29, 2006 10:23:17 AM)
Kal-- you could consider addressing this perception in your essay, to show that you are aware of it and how you plan to proceed.

ThomasCaleelWharton (Sep 29, 2006 10:23:35 AM)
kal- if you believe the fact that you boss changed will have an impact on your application, of course include it in the essay.

Linda Abraham (Sep 29, 2006 10:23:57 AM)
My experience is also that the short-term goal needs to be much clearer and more concrete than the long-term goal, which by definition is always a little hazier.

ThomasCaleelWharton (Sep 29, 2006 10:24:09 AM)
Linda- in general, that is correct.

PCV (Sep 29, 2006 10:24:36 AM)
Peggy: I apologize if this info is online, but in double majoring (such as finance and entrepreneurship), how much is the additional workload?

Claudia (Sep 29, 2006 10:24:46 AM)
Jackie: You receive outstanding applications from the best students across the globe, is it always an easy decision to ding a candidate?

JackieZavitzWharton (Sep 29, 2006 10:25:20 AM)
Claudia, of course it is not an easy decision, it is one of the most challenging aspects of our job!

PeggyBishopLaneWharton (Sep 29, 2006 10:25:32 AM)
PCV - there really is not an additional workload, it's just changing which courses you take. The load is generally the same (about 5 credits per term), but rather than take courses in many different fields you would need to focus them in finance and entrepreneurship.

JamieNZ (Sep 29, 2006 10:25:39 AM)
Peggy, how strong is Entrepreneurship at Wharton?

BalajiNagabhushanaWharton (Sep 29, 2006 10:25:56 AM)
DC - the career management office is fantastic. though they make us work very hard (by having too many companies on campus :-) ). In a way that is good. Overall, I was amazed by the breadth of opportunities that the career management sources. They also have individual advisory sessions. For VC though, most of the job search is through networking. Requires you to put in individual effort, though they do help facilitate things, through career treks, etc

JamieNZ (Sep 29, 2006 10:26:17 AM)
Balaji - what is the social life in Philly like? Do the students bond well?

piyusht (Sep 29, 2006 10:26:29 AM)
I believe there are exceptions Linda. If I can connect two long dots, I might find out a path to achieve that.. isn't it ?

PeggyBishopLaneWharton (Sep 29, 2006 10:26:33 AM)
JamieNZ - Strong and getting stronger. We continue to hire new faculty in this area and student interest is increasing. Initiatives like the Business plan competition and the Small business development center give hands on experience.

Linda Abraham (Sep 29, 2006 10:26:36 AM)
There are always exceptions.

asaf S (Sep 29, 2006 10:26:46 AM)
Peggy- I read a lot about the study groups system in your Web-site. Can you describe its main advantages?

watcher (Sep 29, 2006 10:27:15 AM)
Jackie, Tammy and Thomas: what makes a goal specific enough? Is it the career you want to follow right after the MBA?

ThomasCaleelWharton (Sep 29, 2006 10:27:45 AM)
watcher- each applicant will have a different goal, and a different specificity for that goal. The key thing is- how does your goal fit into your overall application? Again, there is no "right" answer...

JackieZavitzWharton (Sep 29, 2006 10:28:07 AM)
Watcher- we're looking for some insight into your short- and long-term goals. We don't need specific titles, but some sense of the career(s) you're considering is helpful.

PeggyBishopLaneWharton (Sep 29, 2006 10:28:20 AM)
asaf S - study groups, or as we call them "learning teams", provide a real experience with how to work with people you did not choose to work with (something you generally have to do on the job). That's why we have them. In addition, they can provide you with real support during the first year and some of the best friends of your life

BalajiNagabhushanaWharton (Sep 29, 2006 10:28:27 AM)
Jamie - the social life is good. Most Wharton students live in Center City Philly, where there are a number of places to hang-out - coffee shops, restaurants, clubs, theatres. You will find that your weekends are generally packed with social commitments. You can also get involved in sports or non-profit activities if those interest you.

PeggyBishopLaneWharton (Sep 29, 2006 10:28:34 AM)
Balaji - it might be good for you to comment on the learning team experience too!

Anuja Wadia (Sep 29, 2006 10:28:45 AM)
Balaji: How involved are students with the community and extracurricular activities?

nayiem (Sep 29, 2006 10:29:12 AM)
Peggy: Any new projects/initiatives that Wharton is currently working on?

dc (Sep 29, 2006 10:29:20 AM)
Thomas, could you address the round one versus round two myth. is there any difference at all?

piyusht (Sep 29, 2006 10:29:38 AM)
Along similar lines --Thomas, are the quality applicants from R1 considered for R2 also, assuming they aren't good enough to get a call from R1 and assuming they come as relatively stronger applicant in R2 pool !?

ThomasCaleelWharton (Sep 29, 2006 10:29:54 AM)
DC- the answer has not changed since the last time Jackie and I replied... For the record, there is NO difference between R1 and R2.

Claudia (Sep 29, 2006 10:29:59 AM)
Jackie, do you rely to a some extent on your professional intuition, or do you have a specific 'secret' scale you use for analyzing applications?

PeggyBishopLaneWharton (Sep 29, 2006 10:30:00 AM)
Nayiem, the school is always working on new projects initiatives, some outside the MBA program, such as Knowledge@Wharton. See my earlier comment on exchange programs for an example of what we are focusing on in the program. We are also always looking to increase leadership offerings and are in the second year of a leadership/coaching program.

guest20 (Sep 29, 2006 10:30:15 AM)
Thomas: You interview around 45 % of the applicants and then go on to reject more than half of those. Like HBS and Stanford why don't you interview a lesser proportion and accept more students amongst those. This would save a lot of time for a lot of applicants and Wharton too.

ThomasCaleelWharton (Sep 29, 2006 10:30:20 AM)
piyush- we certainly carry a waitlist from R1 into R2.

pythagoras (Sep 29, 2006 10:30:27 AM)
Balaji : is a learning group only a study group or more than that?

ThomasCaleelWharton (Sep 29, 2006 10:30:44 AM)
guest- true, it would save time to interview less applicants but we made a decision to go with a broader IV set. The IVs we do are just another data point, and we learn a lot from our interactions with applicants.

JackieZavitzWharton (Sep 29, 2006 10:30:52 AM)
Claudia, there's no 'secret' scale. that being said, self-awareness and a student's understanding/research into their fields of interest can be telling, of course.

yuxin (Sep 29, 2006 10:30:54 AM)
Thomas, what would you recommend for someone who is in mid career? Older for MBA and young for EMBA. I have a strong case (I think) for wanting to pursue a full time MBA now, but I hope to hear an official perspective on this

chintan (Sep 29, 2006 10:31:05 AM)
Jackie: Does Wharton consider applicants who have already done MBA already from some other country? Is there any requirement to addition Essay to justify why I need to do MBA from Wharton?

JamieNZ (Sep 29, 2006 10:31:21 AM)
Sounds good, thanks Balaji

NeoZen (Sep 29, 2006 10:31:34 AM)
Tammy: How many percentage of International Applicants get full scholarship every year?

BalajiNagabhushanaWharton (Sep 29, 2006 10:31:40 AM)
Pythagoras - My learning team had 6 people, with totally different backgrounds and nationalities. We had a person from Denmark, a person from Korea, a person from Iran, 2 Americans (of which one was living in China) and myself from India. It was a great experience working with them. We still work together on many assignments in classes even though the learning team tenure ends in the first year

JackieZavitzWharton (Sep 29, 2006 10:31:44 AM)
Chintan-- if you already have an MBA, we would look for your provide some clarity on why you are considering a Wharton MBA, and what you feel a Wharton MBA will bring to you.

ThomasCaleelWharton (Sep 29, 2006 10:32:11 AM)
yuxin- that's always a very individual decision. If you believe that the full time program is best for you, then you should state the reasons why in essay 1. Our age range is 21-41, so you will find a broad array of work experience in the class.

TammyCarterWharton (Sep 29, 2006 10:32:28 AM)
Neozen - 25% of our entering class will receive a scholarship/fellowship.

Linda Abraham (Sep 29, 2006 10:32:39 AM)
Balaji, What’s been your not-to-be missed class/professor?

ThomasCaleelWharton (Sep 29, 2006 10:32:51 AM)
chintan- and we have many Wharton students and alumni (particularly from India) came to Wharton with an MBA already.

Claudia (Sep 29, 2006 10:33:01 AM)
Thomas: How much do you value ethical standards in successful candidates?

BalajiNagabhushanaWharton (Sep 29, 2006 10:33:25 AM)
Anuja - students are very involved in community and extracurricular activities. I would say on an average, a person spends 15 hours a week on extra-curricular and community activities. Lots of leadership positions available too.

guest20 (Sep 29, 2006 10:33:31 AM)
Peggy: Do you know of any long term plans to open up a Wharton campus in India some time in near future?

ThomasCaleelWharton (Sep 29, 2006 10:33:56 AM)
Claudia- ethics are integral to our community, and we value them highly. From our statement of application integrity and the Ethics Code you sign in order to apply, as well as our core class in ethics, it is a central part of who we are.

piyusht (Sep 29, 2006 10:33:58 AM)
Thomas, does having a very specific goal restrict the scope of my application provided I have a story to back it up?

dc (Sep 29, 2006 10:34:04 AM)
Thomas, why is the articulation of the goal so crucial to the application, I am assuming, given that students do often change their final decisions

Abhk (Sep 29, 2006 10:34:23 AM)
Jackie: How much does the reputation of the undergraduate university matters. I am sorry to ask this question, but around 90% of the Indian Engineers who I have talked or met are passouts of IITs, which are the best engineering Institutes in India.

PeggyBishopLaneWharton (Sep 29, 2006 10:34:31 AM)
guest20 - I know of no plans to open up a Wharton campus in India or anywhere. One worry we have is spreading our faculty too thin. However, we also need to be cognizant of the need to have a global presence. Thus far we are doing this through our alliance with INSEAD.

BalajiNagabhushanaWharton (Sep 29, 2006 10:34:34 AM)
Linda, I would definitely want to take the Negotiations Class by Prof Diamond. I am also very keen on the Strategy class by Prof Siggelkow and the Venture Capital class by Prof. Metrick

nayiem (Sep 29, 2006 10:34:37 AM)
Thanks Peggy. Can you elaborate more on the leadership/coaching program?

ThomasCaleelWharton (Sep 29, 2006 10:35:11 AM)
Goals are important because they show that you have really thought this through. Essay one is not a trick question. It really just asks you why you want to do this, and what you hope to do with your life. For some people, a specific goal is right on target. For others, a broader perspective works well. People change because they enter Wharton and are exposed to a whole new universe of opportunity, and their mind set expands.

JackieZavitzWharton (Sep 29, 2006 10:35:38 AM)
abhk-- we review applications and accept applicants from universities all around the world, of varying prestige. We of course are familiar with most institutions; if we're not, we definitely do our research to learn more.

PeggyBishopLaneWharton (Sep 29, 2006 10:35:39 AM)
nayiem - it's relatively limited b/c it requires so much individual attention, so I think about 80-100 students are provided a coach and special leadership opportunities. Students need to apply to the program.

JamieNZ (Sep 29, 2006 10:36:03 AM)
Jackie, Thomas - I am admitted as Barrister in my home country, and have been working in an investment bank for the past few years...but my undergrad grades are, well a bit embarrassing! Can a solid GMAT score, as well as well thought out essays realistically allow the adcom to look past this?? There were reasons for my poor performance which I can address, and I feel my experience since has been good and I could offer a lot in class at Wharton and to classmates.

pythagoras (Sep 29, 2006 10:36:40 AM)
balaji : do the learning teams remain same for the two years or do they change semester/year wise ?

asaf S (Sep 29, 2006 10:37:17 AM)
Peggy: I'm married with no kids. My wife might not get a work permit and will to find other kinds of employment. Does the school have special activities/events/clubs for spouses?

ThomasCaleelWharton (Sep 29, 2006 10:37:24 AM)
Jamie, you should definitely use the optional essay to address this, but it's very possible to overcome a weak undergraduate performance. We will look at all aspects of your application. One good way to overcome this might be to take a college or grad-level class (calc, stat, econ) and do very well in it...

Donnidra Sardine (Sep 29, 2006 10:37:35 AM)
Jackie: Hello everyone, I'm applying in round 2. If offered an interview, how far in advance is notice given.

Anuja Wadia (Sep 29, 2006 10:37:49 AM)
Thomas: How are recommendations factored in the admissions process? What do you look for in the recommendations?

TammyCarterWharton (Sep 29, 2006 10:37:57 AM)
dc, again, 25% of the entering class will receive a scholarship/fellowship. The decision is not based on cohorts.

BalajiNagabhushanaWharton (Sep 29, 2006 10:37:57 AM)
pyth - typically the learning teams as defined by the school are for the first year and for the core classes. but many teams stick together even in the second year because of trust that has been established.

PeggyBishopLaneWharton (Sep 29, 2006 10:38:01 AM)
asaf S - we do have a Partners club that is quite active. The school administration also helps to find opportunities for spouses/partners when we can.

JackieZavitzWharton (Sep 29, 2006 10:38:13 AM)
Donnidra-- candidates are notified on a rolling basis through February 15. There is no rank order to notification.

nayiem (Sep 29, 2006 10:38:13 AM)
Thomas, Jackie, and Tammy: What is the first thing you all look at when reviewing an application?

JackieZavitzWharton (Sep 29, 2006 10:38:28 AM)
Nayiem-- We look at the application all at once.

Joe (Sep 29, 2006 10:38:32 AM)
Balaji: Is there any opportunity for students to initiate events or clubs or propose new classes?

ThomasCaleelWharton (Sep 29, 2006 10:38:48 AM)
Anuja- they are a data point, and are considered in the full context of the application. Recommenders should answer the questions honestly and in as much detail as they can.

dc (Sep 29, 2006 10:39:24 AM)
Peggy: . how many venture capital and private equity classes are there? thanks

ThomasCaleelWharton (Sep 29, 2006 10:39:30 AM)
nayiem- I look at everything at once. I move through the summary sheet to get a full picture, then dive in and start reading. It's important to see both the forest and the trees...

PeggyBishopLaneWharton (Sep 29, 2006 10:40:13 AM)
dc - off the top of my head I am aware of three - 2 in the finance dept and one in the mgmt dept (through the entrepreneurial program).

NeoZen (Sep 29, 2006 10:40:41 AM)
Tammy: what kind of loans are available for students?

JamieNZ (Sep 29, 2006 10:40:54 AM)
OK, thanks Thomas. I had thought of a class but realistically will not have time until round two closing...it will have to be my GMAT and essays!

guest20 (Sep 29, 2006 10:41:05 AM)
Thomas: your admission process is very transparent. Kudos to you. Why don't you publish a list of undergrad institutions that you recruit your MBAs from ? When I visited Wharton I found out that more than 60 % of the class was coming from ivy and like ivy's and a few top Indian and English institutes. Why don't you make this process a bit fairer for 2nd tier institutes?

BalajiNagabhushanaWharton (Sep 29, 2006 10:41:19 AM)
Joe - yes, every year a number of clubs are born and some die too...just to give you an example, a classmate of mine started an aviation club last year. I terms of events too, if the students feel that there should be a new conference, they can initiate the same. You also have the Dean's Advisory Board and the MBA Program Office Advisory Board, which consist of students. These boards advice the Dean on new initiatives (for example - the pre-term concept was initiated by the students)

ThomasCaleelWharton (Sep 29, 2006 10:41:21 AM)
Jamie- no problem. The class is an option for some people, but not a requirement.

TammyCarterWharton (Sep 29, 2006 10:41:24 AM)
NeoZen, We have federal and private loans available for our students.

nayiem (Sep 29, 2006 10:41:38 AM)
Jackie: Do the younger students with limited work experience have difficulty in discussions/ study groups?

ThomasCaleelWharton (Sep 29, 2006 10:41:42 AM)
guest20- I think you spoke with a very skewed data set. Our students come from a BROAD variety of schools from around the world. We give no preference to Ivys...

JamieNZ (Sep 29, 2006 10:41:49 AM)
Tammy and Balaji - what suggestions would you give me to make the most out of my visiting day at Wharton?

Linda Abraham (Sep 29, 2006 10:42:14 AM)
Not only that, all the schools admit individuals, not undergrad institutions.

piyusht (Sep 29, 2006 10:42:23 AM)
Thomas, how much weight does the International work experience has on application? Actually, one of the reason I want to join Wharton is because of its Global nature.. something that has been missing in my work!!! My work is all about working in India though, in most of the parts ... would lack of international work exp hurt my chances?

BalajiNagabhushanaWharton (Sep 29, 2006 10:42:27 AM)
Jamie - try to get a good mix of classes, club activities and if you can, drop into a party or the pub

JackieZavitzWharton (Sep 29, 2006 10:42:28 AM)
Nayiem, generally no; our younger candidates often have their own uniqueness. We that lends itself to group discussion.

PeggyBishopLaneWharton (Sep 29, 2006 10:42:33 AM)
Joe - to add to Balaji's comment - it is hard for students to propose classes, but if they can get the ear of a faculty member it can become reality. For example, we now have a microfinance course (through an ASP) as a result of student interest.

dc (Sep 29, 2006 10:42:49 AM)
balaji: what would you do again if you could redo your applications?

Linda Abraham (Sep 29, 2006 10:42:58 AM)
He got in. Why should he change anything?

ThomasCaleelWharton (Sep 29, 2006 10:43:00 AM)
piyush- we understand that not everyone can have the opportunity to live and/or work abroad. My advice would be to not shy away from that fact, and to turn it into a strength, as you have done.

ThomasCaleelWharton (Sep 29, 2006 10:43:21 AM)
Linda- well said!

Linda Abraham (Sep 29, 2006 10:43:26 AM)

BalajiNagabhushanaWharton (Sep 29, 2006 10:43:31 AM)
DC - Not sure what I would do differently :-)

piyusht (Sep 29, 2006 10:43:40 AM)
Bala since you are a student of Wharton, does it gets tempting to change your goals when you see so many electives and students having goals that may sound more "conventional" than your own goal (assuming..)?

dc (Sep 29, 2006 10:43:49 AM)
jackie. you mention rolling basis, is that contradictory to when you apply within the round?

Anuja Wadia (Sep 29, 2006 10:44:05 AM)
Balaji and Thomas, thank you both for answering my questions. Thank you all for taking time out of your day to discuss Wharton. I look forward to the admissions process. Take care! - Anuja

JackieZavitzWharton (Sep 29, 2006 10:44:08 AM)
DC-- Rolling admissions has nothing to do with when you apply.

Mukhtar (Sep 29, 2006 10:44:10 AM)
Thomas and Jackie: You offer concentration in Health care management. Is it inclined towards the pharmaceutical industry or is more inclined towards hospital management?

dc (Sep 29, 2006 10:44:20 AM)
Peggy: I understand that that industry is so popular, why are there not more classes? Is Wharton wanting to address this?

Linda Abraham (Sep 29, 2006 10:44:28 AM)
I think he is referring to VC/PE.

ThomasCaleelWharton (Sep 29, 2006 10:44:31 AM)
Anuja- my pleasure! Thank you for attending. I look forward to reading your application this fall.

JackieZavitzWharton (Sep 29, 2006 10:44:45 AM)
Muktar-- we have students who focus on both areas in the program. You could take classes to fit your focus.

Eugene (Sep 29, 2006 10:45:02 AM)
Jackie: Should we retake GMAT tests if we did well on the verbal and quant, but scored low on the essay?

NeoZen (Sep 29, 2006 10:45:25 AM)
Tammy: For International applicants, are co-signers required for getting the loans?

PeggyBishopLaneWharton (Sep 29, 2006 10:45:26 AM)
dc - We added one course last year, so yes, this is something we are watching. Actually, 3 courses in one industry is quite a lot! Remember, to do PE, you probably also need to know other elements of finance that are already offered.

JackieZavitzWharton (Sep 29, 2006 10:46:17 AM)
Eugene-- No, I wouldn't focus on your a low essay score.

BalajiNagabhushanaWharton (Sep 29, 2006 10:46:24 AM)
piyusht - yes, it does. The first 3 months in the first year are the most confusing time when you have so many opportunities in front of you. But if you are true to yourself in your application, you will realize that things will fall in place by the end of the first year and you will be back to your original goals. But, you are right, a lot of people do switch goals.

TammyCarterWharton (Sep 29, 2006 10:46:57 AM)
NeoZen - A co-signer is not necessary for international students. It's only necessary if you are looking to get a lower interest rate.

Chatmaster (Sep 29, 2006 10:47:09 AM)
I needed to reenter as chatmaster, but this is Linda Abraham.

ThomasCaleelWharton (Sep 29, 2006 10:48:04 AM)
DC- sorry, I got disconnected. As a VC in a prior life, I can say that many of your classes (Accounting, Marketing, Operations) will be critical to a career in VC/PE. Don't focus too much on the actual VC/PE classes- think about building a skill set for a career...

BalajiNagabhushanaWharton (Sep 29, 2006 10:49:15 AM)
I would agree with Thomas about the class for VC/PE - you need to have a broad set of skills to be successful in these careers

pythagoras (Sep 29, 2006 10:49:41 AM)
Balaji : on a lighter note, how is the Indian food out there :)

PCV (Sep 29, 2006 10:49:44 AM)
Thomas, about the essays, is there any leniency on extra text, such as 5% above limit?

BalajiNagabhushanaWharton (Sep 29, 2006 10:50:01 AM)
pyth - not as good as NYC, but you can manage :-)

piyusht (Sep 29, 2006 10:50:02 AM)
Thomas, any idea how many students were taken directly from India last year !?

ThomasCaleelWharton (Sep 29, 2006 10:50:12 AM)
PCV- we don't count words, but when we're reading 6,000+ a year, we get a good idea of what 1,000 words looks like. 5% over is not critical.

ThomasCaleelWharton (Sep 29, 2006 10:50:20 AM)
piyush- about 85 students from India

Linda Abraham (Sep 29, 2006 10:50:52 AM)
Thomas, Jackie, and Tammy, do you have any suggestions as to how applicants can prepare now financially for their MBA program?

ThomasCaleelWharton (Sep 29, 2006 10:51:21 AM)
Linda - This is a major investment, so it's a good idea to start reducing expenses and try to save some money. We do provide full financing through Citibank that covers tuition, fees, and living expenses, but be prepared.

Linda Abraham (Sep 29, 2006 10:51:47 AM)
Jackie: How did the class of 07 do with internships this past summer?

NeoZen (Sep 29, 2006 10:52:00 AM)
Thomas: Sorry if this question has been repeated already...what's the expected class size for the Class of 2009?

TammyCarterWharton (Sep 29, 2006 10:52:06 AM)
Linda, We encourage students to pay down their personal debt and save as much money as possible. We have some admits who come to us with car payments, mortgages, and then realize that they will have no income for two years... Plan ahead!

ThomasCaleelWharton (Sep 29, 2006 10:52:20 AM)
NeoZen- The expected class size for 2009 is 800.

Joachim (Sep 29, 2006 10:52:21 AM)
Peggy: Can I take some classes at Wharton's west coast campus?

Joachim (Sep 29, 2006 10:52:31 AM)
Balaji: How difficult is it to get into popular classes?

PeggyBishopLaneWharton (Sep 29, 2006 10:52:35 AM)
Joachim, at this point we cannot offer it as an option at any time to any one, but if a student wants to finish his/her last term there, they can do that. It is a bit more costly, however.

JackieZavitzWharton (Sep 29, 2006 10:52:36 AM)
Linda, it was a great year for students, as the economy is improving and certain industries that MBAs are v. interested in (hedge funds, PE) are becoming more receptive to MBAs and more savvy about recruiting them.

Joachim (Sep 29, 2006 10:52:57 AM)
Jackie: How many graduating students get their jobs from on-campus interview?

torontokid (Sep 29, 2006 10:53:18 AM)
Thomas: will an exceptionally high GMAT score be of any help to an applicant?

Linda Abraham (Sep 29, 2006 10:53:36 AM)
Thomas: Any plans to accept the GRE, as Stanford and MIT recently started to do?

BalajiNagabhushanaWharton (Sep 29, 2006 10:53:50 AM)
Joachim, you need to bid high for the popular classes in the auction. It's a case of demand and supply. If you really want a course, you can get it.

JackieZavitzWharton (Sep 29, 2006 10:53:50 AM)
Joachim-- depends on the industry , to be honest. banking and consulting-- almost all. other industries that require a more self-directed search, not as much. However, MBACM offers training, guidance, and leads for students pursuing those fields.

Linda Abraham (Sep 29, 2006 10:53:57 AM)
Thomas Jackie, and Tammy: Do you have any early indicators of application volume this year?

ThomasCaleelWharton (Sep 29, 2006 10:53:58 AM)
toronto- it's a data point, like anything else. We appreciate a strong GMAT, but it won't get you in. Last we we denied nearly 800 applicants with a GMAT > 750...

ThomasCaleelWharton (Sep 29, 2006 10:54:04 AM)
Linda- at this time, no plans to accept GRE scores.

Linda Abraham (Sep 29, 2006 10:54:30 AM)
Are there any special considerations for re-applicants at Wharton? Should re-applicants obtain recommendations from different recommenders

ThomasCaleelWharton (Sep 29, 2006 10:54:33 AM)
Linda- We don't really have an early indicator of application volume. Attendance at receptions has been strong, however.

nayiem (Sep 29, 2006 10:54:43 AM)
Jackie: What about for students wanting to work outside of US? Are there any on campus recruiting by companies located in UK/Asia?

piyusht (Sep 29, 2006 10:54:51 AM)
Tammy: does GMAT score plays any role in scholarship, aid or say, recruitment of some specific type of industries/?

ThomasCaleelWharton (Sep 29, 2006 10:55:11 AM)
Linda- that is up to the re-applicants. They can use the same recommenders, but they should have them write a new recommendation. There is no advantage or disadvantage to getting new recommenders. Also, we are accepting a third, optional peer recommendation this year. Also, this year we've given re-applicants a third essay to write, based on feedback that they would appreciate more opportunities to discuss their candidacy.

JackieZavitzWharton (Sep 29, 2006 10:55:21 AM)
Nayiem, with 45% of our student body international, our recruiting reflects that. Strong recruiting from both areas you mentioned.

Linda Abraham (Sep 29, 2006 10:56:20 AM)
Jackie: how are the "early indicators" for hiring overall this year?

Linda Abraham (Sep 29, 2006 10:56:39 AM)
Thanks Thomas.

TammyCarterWharton (Sep 29, 2006 10:56:39 AM)
piyusht, Our fellowship/scholarships are based on merit and financial need.

JackieZavitzWharton (Sep 29, 2006 10:57:07 AM)
Linda, again, the early indicators are strong, which is great for students. Many students came back with FT offers from summer internships, but are holding off on accepting to see what other companies/industries are coming to campus to recruit.

piyusht (Sep 29, 2006 10:57:24 AM)
As a re-applicant, one of my referees would be writing the same recommendation since I haven't worked under him for the last one year.. another referee under whom I have been working the last year would be writing a updated one.. would it be a good idea to get a peer recommender to throw a new perspective on my candidature?

piyusht (Sep 29, 2006 10:57:36 AM)
Tammy.. how many % of students get some sort of financial aid at Wharton?

ThomasCaleelWharton (Sep 29, 2006 10:58:04 AM)
piyush- that's really up to you. How will that extra recommendation enhance your candidacy?

nayiem (Sep 29, 2006 10:58:08 AM)
For all: Any last piece of advice to be given to potential students?

ThomasCaleelWharton (Sep 29, 2006 10:58:20 AM)
Nayiem- be yourself!

TammyCarterWharton (Sep 29, 2006 10:58:33 AM)
piyusht, As I mention before, 25% of the entering class will receive a fellowship/scholarship.

JackieZavitzWharton (Sep 29, 2006 10:58:53 AM)
Nayiem-- research the programs you're interested so you'll know what fits you best.

Linda Abraham (Sep 29, 2006 10:59:50 AM)
Thank you again all for participating today. Special thanks to Thomas, Peggy, Jackie, Tammy and Balaji for joining us today.

TammyCarterWharton (Sep 29, 2006 10:59:51 AM)
piyusht, At least 80% of our students will require financial aid.

ThomasCaleelWharton (Sep 29, 2006 10:59:54 AM)
Linda, thank you. This has been a great session. Thank you, too, to all of our attendees. We received some new, interesting questions today, and we appreciate the opportunity to interact with you.

Linda Abraham (Sep 29, 2006 11:00:00 AM)
For more information about Wharton admissions, please visit the web site at http://mba.wharton.upenn.edu/mba/admissions/ or Wharton adcom's blog at http://engage.wharton.upenn.edu/MBA/blogs/mbaadmissions_blog/default.aspx . Highly informative and helpful!

PeggyBishopLaneWharton (Sep 29, 2006 11:00:11 AM)
Thank you, Linda and everyone who took part today.

Linda Abraham (Sep 29, 2006 11:00:16 AM)
You're welcome. Thomas and Peggy.

Linda Abraham (Sep 29, 2006 11:00:17 AM)
For Accepted.com’s information about Wharton, including previous chats and interview feedback, please visit the Accepted.com’s Wharton Zone at http://www.accepted.com/zones/Wharton.aspx .

Linda Abraham (Sep 29, 2006 11:00:22 AM)
We look forward to seeing you at future chats. Here is a list of currently scheduled chats next month:.

Linda Abraham (Sep 29, 2006 11:00:27 AM)
Forte Chats: 3 Chats next week. 2 on Oct. 3 and one on Oct. 5

Linda Abraham (Sep 29, 2006 11:00:32 AM)
London Business School: October 10

Linda Abraham (Sep 29, 2006 11:00:35 AM)
Chicago GSB: October 16

Linda Abraham (Sep 29, 2006 11:00:41 AM)
Haas: October 18

Linda Abraham (Sep 29, 2006 11:01:02 AM)
Good luck with your applications!

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