Archive for August, 2008

HBS stay at home moms: quite a few, study confirms

Tuesday, August 26th, 2008

Ladies and gents, this is a huge country, densely veined with  leafy suburbs, those very suburbs  supporting upteen youth soccer leagues, and let’s face it, someone has to organize those leagues, and who better to do it then the Commando Soccer Moms of HBS.
MBA Moms Most Likely to Opt Out

A new study finds MBA moms more

likely than doctors or lawyers to stay

home full-time by Alison Damast

 According to a new study from UC Berkeley’s Haas School of Business, a surprising number of HBS WOMEN  have dropped out of the labor force to become stay-at-home mothers, according to Berkeley professors Catherine Wolfram and Jane Leber Herr. Their study, titled “Opt-Out Patterns Across Careers: Labor Force Participation Rates Among Educated Mothers,” followed the career paths of nearly 1,000 women who graduated from Harvard between 1988 and 1991, using a rich set of biographical data culled from 10th and 15th anniversary reunion surveys.

By the time they are 15 years out of college, 28% of the Harvard women who went on to get their MBAs were stay-at-home moms, compared to only 6% of women who got medical degrees, the authors found. The study also looked at the career paths of Harvard women who became lawyers and found 21% chose to stay home with their children.

(more…)

Stanford Waitlist: last call, 3 in, prob. youngins

Thursday, August 14th, 2008

STANFORD TAKES THREE LUCKY WINNERS OFF THE LATE SUMMER WAITLIST AND TELLS THE OTHERS TO GET OUTTA TOWN.  ACCEPTED KIDS ON THE YOUNG SIDE???


This is the final update on the Stanford MBA Program waitlist process. We appreciate your understanding as we prolonged what was already a long process. Thank you for your cooperation and patience. We were able to make three offers of admission to waitlisted candidates this week. Those candidates have been notified of their admission.We do not expect to make further offers of admission, and will close the waitlist in early September.If you have questions, please email us at mba_admin@gsb.stanford.edu.We appreciate your cooperation this year and wish you the best in your pursuits.Take care,

Derrick Bolton
Derrick Bolton
Assistant Dean and Director of MBA Admissions

Age Jihad and the military

Wednesday, August 6th, 2008

Hi Sandy,

About the ‘Age Jihad’ at H . Does this apply to internationals as well ?  I know of several 27-29 year old Israeli guys who got in last year and for obvious reasons( army service),
this year the median age for Israeli candidates won’t be much lower. Any idea on how will H treat that sort of ‘old’ candidates ?

Thanks,
Jackla ( 27 y/o Israeli guy applying for ‘09 )


Military exp. has always been a sidebar to the Age Jihad trend, cert. in cases of the 50 or so US military admits, often from Service Acads (West Pt., Naval Acad) where there is a five year service  commitment, those dudes are freq. on the old side, and I think for cert. specialties, like pilots, service commitment is longer, so all those TOP GUN guys are often near 30 or over when they apply.  How this plays out w. other military req. service, e.g. Israel, Norway (I think?), Switzerland, Taiwan, and few others (anyone????), not sure, but it would make sense that you’d get a break for req. military service, as facts you cite seem to indicate, that should continue forward next year. The fact that mil. service is a cut out to Age Jihad, just makes the real numbers WORSE, e.g. if you are older non-miliatry guy, your chances are even slimmer than numbers suggest b.c. a lot of the geezers are military, docs, Ph.D’s etc.

HBS age jihad: kids w. 1-3 years of experience entering in 2005–26 percent, in 2008, 40 percent

Monday, August 4th, 2008

HBS AGE JIHAD: PERCENT OF HBS CLASS WITH 3 YEARS OR LESS WORK EXPERIENCE ENTERING IN  

2005–26,

IN 2008 –40 –GEE, GUESS WHAT DEMOGRAPHIC  THAT INCREASED 14 PERCENT OF BABIES CAME FROM?????

AGE JIHAD –OH NO, CLASS NOT GETTING YOUGER. BELOW, A POWERPOINT SLIDE FROM AN HBS PRESENTATION TO RECRUITERS, WHICH [CORRECT ME IF I AM WRONG] INDICATES THAT FOR THE CLASS OF 2007 (ENTERED IN 2005), THE PERCENT OF GRADS WHO HAD UP TO THREE YEARS OF FULL TIME WORK EXPERIENCE BEFORE ACCEPTING POST-MBA JOB WAS

26–YET HER MAJESTIES POST –GAG, REPRINTED BELOW AGAIN, INDICATES THAT FOR THE CLASS OF 2010 [THE KIDS ENTERING THIS SEPT] THAT NUMBER IS ~40 PERCENT.

Professional Experience: % accepting new jobs and median base salary

Class of 2007
One year or less 2.4%
$115,000
More than one year,
up to three years
23.6%
$115,000
More than three years,
up to five years
55.1%
$115,000
More than five years 18.9%
$110,000


This is probably an opportune time to address another frequently asked question: “Is Harvard Business School looking for a younger class?”

Here’s how the incoming class looks: we have 912 people expected to matriculate in September. 371 of these are what we call “within three years of college graduation” which means that they have graduated in 2008, 2007, 2006 and 2005. We keep track this way, not by age. About a dozen are coming right from undergraduate school - and another dozen were admitted directly from college but elected to delay matriculation in order to get some - or additional - full-time work experience. Many of the directly admitted college seniors have worked full-time already - all have had significant roles on campus or entrepreneurial experience. All directly admitted seniors are welcome to postpone their date of matriculation.

Back to the class profile and the original question. Do the numbers and I think you’ll find that 541 members of the class of 2010 have been out of college for more than 3 years. That’s more than the total enrollment in many business schools.

Are these numbers “quotas” or “targets”? No. We’ll still do our evaluation and selection the old-fashioned way: one folder at a time. Lots of attention to the written application and mandatory interviews by invitation only. We ask the same questions about every candidate we consider: Is this person a leader? Does he/she give evidence of ability to engage enthusiastically in serious intellectual and analytical work? Will this person invest as much in the educational experience of others as in his/her own?

So the answer would be that we think you can come to Harvard Business School and thrive earlier in your career than you might have heard via the grapevine. That doesn’t mean that those with more experience should be discouraged: apply when it’s optimal for you. When you can look at the questions we pose and feel eager to respond, that’s a good indication of readiness.