Sandy - what do you make of the latest Stanford blog entry? seems like they are subtly fishing for more applicants even though (according to you) they historically only accept single digits in the 3rd round. maybe more spots for R2 and R3 from a lower R1 yield than expected? just wondering why they specifically have a blog posting (1.5 weeks before the deadline no less) about this when they’ve said that applying earlier is better… i.e. R1>R2>>>R3.

Apply Now for Round 3

All right…you know who you are. You’ve been to our website, started an application, maybe even drafted an essay or two. All the while, you’ve been wondering, “Should I or shouldn’t I?” “Is now the right time?” “Do I stand a chance of getting in?”

The media hype says that business school applications soar when the economy is bad and, as such, there won’t be any spots left for third round applicants. This simply isn’t true. And we worry that some great people may delay applying because of these misperceptions. Historically, we’ve found that applications follow demographic cycles more than economic cycles.

We assure you that we admit outstanding individuals in all three rounds–this year is no exception. While it is true that the final round typically is smaller than the first two, we do admit excellent candidates in Round 3–including our current Director of MBA Admissions.

So the real question to ask yourself is when do you want to enroll? If the answer is September 2009, then you should apply now in Round 3. If you’re admitted, great. If not, then you’re in a better position for September 2010 having already begun the self-reflection process for your first-round application.

There is still time to put together a thoughtful and thorough application by the Round 3 deadline of 8 April 2009. So if you’ve started, take that final step. The bottom line is we can’t admit you if you don’t apply.

http://www.stanford.edu/group/mba/blog/

___________________________________

STANFORD ROUND THREE BLOG

I did find that Stanford blog odd!  Altho glad to see that Derrick is blogging for himself, having mastered the ‘internet tubes’ and not having asst’s do it, as in days of yore.  Altho see this story for the truth about celebrity tweets and who actually writes  those 50Cent tweets we all love so much, could be new job op.  for moi, ghost tweeting When Stars Twitter, a Ghost May Be Lurking

ALSO: i find the April 8 R3 Stanford  deadline WAY OUT of whack in comparison to  H=March 11 and W=March 5.

(ahem, altho last year Round 3 deadlines were: S=March 21; H = March 12; W=28 Feb!!!!–who loves ya baby, enuf to know this stuff!!!) Soooooo, Stan has now gone fr. Round 3 gap vs. HBS of 9 days last year versus 29 DAYS!!!!! this year.  Coincidence? Means Nothing???? Only the Joker knows???

I also like the party line, if you get dinged Round 3, you are off to booming start as a reapp b.c. you have begun the process of introspection. [If you’re admitted, great. If not, then you’re in a better position for September 2010 having already begun the self-reflection process for your first-round application.] Duh, in most cases (as a matter of stats and my own experienes of who is actually on the cusp at Stanford]  that would mean searching deep inside of yourself for reasons why you will NEVER get into Stanford.  Like you dont have a 730 gmat, have not gone to elite schools and had elite work experienes and etc. etc. I mean, I love the implicaiton, if you dont get in,  the reason is you have not introspected enuf–as if……………..maybe my dad’s heroin addiction doesnt matter to me, what REALLY matters is, is, is…… building sustainable rehab facilities in developing countries……….that’s it, STOP THE PRESSES!!!!

OPPPS, well, presses already ran for Round 3, but let’s start them again for Round 1. As to whether he is out there w. a signboard, as it were, trying to get MORE APPS, b.c. he does not have enuf for this year, hmmmmmmmmm, dont think so, I think he is amazed himself about HOW LATE THE ROUND 3 DEADLINE IS.   And just wants to reaffirm that there is, AMAZINGLY, when HBS is DONE TAKING APPS and Wharton has already sent out R2 results and also moved the circus out of town for this year, time to APPLY TO STANFORD.  Bolton, as he has said someplace, hand crafts the class, sorta one by one, and if he can turn up two or three more kids who pass thru the eye of the needle, well, why not.  He sorta pays his staff whether they are reading apps or picking daisies, and for the time being, they aint gearing up for 2+2 onslaught in June as per the cross coast rivals in Cantab, sooooooooooooooooo, why not.

Stimulus Puts Pinch on Foreign MBAs

http://www.scoop44.com/2009/03/23/stimulus-puts-pinch-on-foreign-mbas/

ahem,

“An American MBA is incredibly expensive if you can’t work in America to pay back the loan,” said Sanford Kreisberg, an independent consultant who runs the business school admissions blog HBSGURU.com. “If you have to return to China or India to pay off a business school loan, then you’ll never come to study in America unless you were already rich.”

“There are a lot of international kids who are in American MBA programs and claim they want to become IT managers, but their secret dream is to go into finance,” Kreisberg said. “This puts a real scare into the secret dreamers, and that’s the group that you’ll never be able to pull [into American b-schools] with these new regulations.”

By Prateek Kumar • on March 23, 2009

The desire of foreign students to work in American financial institutions may become yet another casualty of the growing impact that the current financial crisis is having on the global economy.

Earlier this month, Bank of America announced that it would rescind job offers to any MBA student who needed an H1-B visa to work in the United States. The H1-B visa gives American companies permission to hire educated foreigners for up to six years.  Unlike other student visas, the companies apply for the visas on behalf of their new employees.

The reason for the cancellation of the job offers, according to BoA, is a series of rules included in the recently passed stimulus plan that would prevent any financial institution that fired American workers and received government bailout funds from hiring foreign MBAs to join their ranks.

The provision on H1-B visas expires in February 2011, but with many foreign students finding their job opportunities limited for the next two years, the United States may very well suffer from a brain drain of the world’s best talent at a time when the nation could use all of the expertise that it can find.

According to the Financial Times, approximately 50 students will be affected by BoA’s decision. However, as more financial institutions are forced to rescind job offers to foreign students, that number could quickly multiply.

American corporations will likely suffer from the loss of talent that results from blocking opportunities for foreign students, but American business schools will also face the brunt of the reaction to this rule change.

“An American MBA is incredibly expensive if you can’t work in America to pay back the loan,” said Sanford Kreisberg, an independent consultant who runs the business school admissions blog HBSGURU.com. “If you have to return to China or India to pay off a business school loan, then you’ll never come to study in America unless you were already rich.”

Kreisberg also highlighted the tightening credit markets as another potential factor in dissuading international students from applying to American business schools, as these students now face greater problems for getting student loans.

“What’s happening is because of the difficulty for internationals in getting loans, the blend is changing towards rich ones,” Kreisberg said.

Additionally, MBA programs in Europe and elsewhere tend to cost significantly less than American programs in general. According to the Wall Street Journal, a 13-month MBA program at the Instituto de Empresa Business School costs 48,000 euros, or about $62,500. In the United States, business school tuition for a two-year MBA program often exceed $90,000.

As a result of these difficulties, American business schools worry that international students will head elsewhere to earn their MBAs, thus harming the global focus of these schools while also negatively impacting the talent pool available to them.

“There are a lot of international kids who are in American MBA programs and claim they want to become IT managers, but their secret dream is to go into finance,” Kreisberg said. “This puts a real scare into the secret dreamers, and that’s the group that you’ll never be able to pull [into American b-schools] with these new regulations.”

drum roll, please, for HBS Waitlisters. Just in case you had forgotten about them. Looks like Eileen has come out of her burrow, saw her shadow, and guess what, only 13 days left til April 2nd.

Hello Everyone:

It’s Eileen Chang from the MBA Admissions Board at HBS. Though it’s not yet time for our usual monthly update, we wanted to get in touch because we anticipate movement on the waitlist on notification day for round 2, which is coming up on April 2.

Please complete this poll  to confirm your interest in our MBA program. If your plans have changed since our last communication and you no longer wish to remain on the waitlist, you may indicate so on the poll.

At this point, we are not exactly certain about how many round 1 waitlist candidates we will be admitting on April 2 - this has yet to be determined, but completion of this poll is an important step in order for us to make these decisions.

Thank you for your cooperation, and we will be in touch again at the beginning of April with an update.

Sincerely,

Eileen Chang
MBA Admissions
Harvard Business School
Soldiers Field Road
Dillon House
Boston, MA 02163

You have received this message because you are currently subscribed to receive electronic communications from our office, including information about deadlines and your application status. We do not provide this information in a non-electronic form. 

If you do not want to receive these communications, tuff, you applied, you’ll be getting them.

 Do you know how many people Stanford admitted in R1?

Given this is approaching the R2 decision date, I’m wondering how many seats are available in R2.

===============

see below, but bottom line is 1. Either Bolton’s blog post of Feb is understated (so he can play good guy and invite more kids) or 2. They will take more kids off WL and Round 3 than usual, or 3. Who the **** knows, but something dont add up.

Talmudic and wildly speculative disc about Stanford Interview, Round one admits,and remaining spots  below. Back and forth between me and quant star in the making. You might want to read bottom up.

The factoids we know are: Round One facebook accepts were 228 (for what that is worth, see below); Stan has usually admitted 450-490 kids (total)  to get class of  370 (http://www.gsb.stanford.edu/knightcenter/faq/index.html#class) ; Bolton said this about Round Two admissions in Feb

As of this morning, we have invited 275 second-round candidates to interview. We will extend an additional 100-125 interview invitations to second-round candidates in the next couple of weeks. During that same period, we plan to interview some of the first-round candidates who accepted spots on the waitlist without having interviewed. I hope this is helpful, Derrick

and this about Round One admissions in December

As of mid-week, we have extended around 400 interview invitations to first round candidates. We expect to invite an additional 150-200 applicants to interview in the next few weeks, as we read and evaluate first round applications before the notification deadline of 22 January 2009. On the January 22 first round notification deadline, we also may ask 50-100 applicants to join the waitlist without having been interviewed, and may interview those candidates later. I hope this is helpful. Best wishes for the holiday season. Derrick

I dont trust Bolton’s planned interview numbers, for R2, which are prob. under-stated, just because he would rather over deliver.
They also seem to be interviewing LOTSA r2 kids fr. just what I am seeing w. clients and mock interview reqsts (altho anecdotal, sure).
 Amid the many other unconfirmed numbers, not sure what to make of this.
The 228 figure fr. facebook, if that is being administered by Stan adcom, seems sorta reliable.
Usually they take MORE kids R2 than R1, altho that cld change this year b.c. pattern at some schools was for TON of R1 apps, and then level off of R2 apps to last year levels. What makes more sense to me is 228 admits R1, 210-230 admits r2 and dunno about r3. but that wld get them to historical 450 admits. Often r3 admits are in single digits.
The only thing that does not compute in this scenairio is Bolton claim in Feb of 275 int sent w. 100-125 to come. I just think that 100-125 number was understated. My guess, it will be more like 200 more. I think they sorta interview 1100-1200 kids a year, no matter what they say.

Bolton said that they would interview 550-600 Round 1.  (Post said 400 extended plus 150-200 more to come).  I had heard (I believe somewhere on these message boards) that R1 admits were 228, resulting in an interview acceptance rate of 38 - 41%. 

If Round 2 interviews are between 375-400, then that would translate to between 143 and 166 admits (based on the same interview acceptance rate). 

Assuming 30 or so R3 admits, that would mean total max admits (228 R1 + 166 R2 + 30 R3) of ~425, which seems low, considering that Stanford’s yield is around 80%.  They would need to admit around 450 to get a class of 360.

OK all these numbers are fishy and vague (ie R1 admit number, number of interviews never really confirmed), but it seems like they are interviewing far too few R2 guys.  Why would that be?  Perhaps alums said “no more interviews plz!!!!!” and they decided to interview less people and admit a higher percentage of R2 interviewees but that seems doubtful (and too difficult to carry out anyways).  One explanation is that looking at R1 vs R2 quality, they realized that R1 was a bit better upon closer inspection (yes yes I know R2 is in before R1 decisions released), perhaps “underaccepted” out of the R1 pool, and decided that they would use the R1 waitlist more extensively at the R2 deadline.  What do you think?!?

YALE LAW AND YALE SOM JOINT DEGREE IN THREE, YES THREE!!!!!!!!!!!!!!!, YEARS. [semi-official announcement below]

– dunno, seems bogus, on the one hand, but on the other, most Euro b schools are only one year, and everyone knows Law School SHOULD be two years, sooooooooooooo, they kinda cut to that chase. Basicaly you get two years of LAw School, which is DAMN enuf, and one year of B school, which is also prob. enuf.

As readers of my posts know, I deeply believe a joint MBA/JD degree is A FLIPPIN WASTE OF TIME,   so this program has the virtue of wasting LESS time!!!! One wonders how many kids at SOM are going to be able to drift over to Yale Law School.  This is basically a program for kids at Yale Law, who, for some reason, want an MBA.  No diss at SOM but it less selective by far than Yale Law. At HBS-HLS joint degree, as a rule, HBS is more selective (even tho it takes more kids) than HLS which is sorta a gpa/lsat factory for college seniors and the usual diversity “facilities” as they say at the Treasury these days.

Description:
The Law School is pleased to announce the creation of a new, Accelerated Integrated JD-MBA Program with the School of Management, which will enable students to earn both degrees in three years. 
 
There will be an informational meeting about the program on Tuesday, March 3 at 12:10 in the Alumni Reading Room.  Lunch will be provided.  Please rsvp to kris.kavanaugh@yale.edu if you plan to attend.  Further information will be provided at the meeting and posted on the Inside site on March 3.
 
Accelerated Integrated JD?MBA at Yale Law School and the Yale School of Management
Overview
 
In order to prepare students for the increasingly complex intersection of business and law, the Yale Law School and the Yale School of Management are offering a new combined three-year program in law and business. This program is unique because it offers both the JD and MBA degrees in three academic years (six semesters) without the need for summer classes.
 
The program is designed primarily for students interested in business law but will be useful in a variety of settings involving business and management. Students will master analytical  and quantitative skills necessary to solve complex legal and business challenges, which will be of value for a business law-related practice (not only transactional law but also corporate litigation and government regulatory work), as well as more broadly for careers as entrepreneurs and managers in business and non-profit organizations.
 
The program allows students to be fully immersed in the required curriculum and community life at each school. Students in the Accelerated Integrated JD?MBA program will graduate with their entering class at both the Law School and SOM. During the two summers students are free to gain valuable experience in law or business related positions.
 
Please note: YLS and SOM will continue to offer the existing four-year joint degree program as an option.  
               
 Curriculum and Schedule
 
Students can apply to enter the Accelerated Integrated JD?MBA program during their first year of Law School. Once accepted to the program, the second year will be spent at SOM and the third year at the Law School. A subset of the core first-term classes at SOM will be multiple-titled at YLS, and we anticipate that there will be a special section of the Negotiations core course for students enrolled in the program. In the second term at SOM, students in the program will take one law school course of their choosing, in addition to their SOM courses, which will facilitate their maintaining a connection to the Law School during that year. A YLS Faculty Adviser will be appointed to counsel students in the program regarding their Law School course of study in the third year.
 
 
Year in program Fall Spring
 First year YLS required 1st term courses (16 units) YLS (12 ? 16 units).
Second year SOM core courses  (Multiple-titled core courses: 12 units).   SOM (12 units). YLS (3 or 4 units).
Third year YLS (14-16 units). YLS (14-16 units).
*Note: Units indicate the number of Law School course credits taken per semester to fulfill the JD degree requirements
 
Students must complete the required courses for each program. (A complete description of required courses can be found on the YLS and SOM websites).
 
A separate tuition will be charged in years 2 and 3 in the program.  Students will receive financial aid equivalent to what they would receive in the individual degree programs. Need-based loans taken during the semesters in which students paid tuition to SOM are eligible for SOM?s Loan Forgiveness Support. Need-based loans taken during the semesters in which students paid tuition to the Law School are eligible for COAP.
 
Information about application requirements will be provided at the meeting on March 3.

For more information: Please contact Professor Roberta Romano (Roberta.romano@yale.edu or Associate Dean Megan Barnett (megan.barnett@yale.edu).

BELOW IS THE MARCH HBS WL CHANG-O-GRAM. SMALL NEWS IS

THEY MAY SEND OUT SOME ACCEPTS ON APRIL 2ND AND WILL NOT DING ANYONE THAT DATE, SO THEY PLAN TO CARRY WHOLE WL FORWARD AND START CUTTING IT DOWN THE ROAD, AS ROUND 2 YIELD CLARIFIES, AND THE MEANING OF DEAN LIGHT’S ‘SLIGHT’ INCREASE IN CLASS SIZE ALSO CLARIFIES.

Hello Everyone:
It’s Eileen Chang from the MBA Admissions Board at HBS. As it is the beginning of the month, I’d like to provide you with another process update.
We are in the midst of Round 2 evaluation and are currently interviewing Round 2 candidates. We extended interview invitations to some of you who weren’t interviewed in Round 1, and will be extending interview invitations up until the Round 2 notification date of April 2.
There may be some movement on the waitlist on the April 2 notification date. If we are able to make a decision on your application at that time, we will contact you via email on that date. If we aren’t ready to make a decision on your application, we will continue to hold your application on our waitlist. We understand it can be difficult to wait, and we will do our best to make a decision on your application as soon as we are able.
Since my last email, we have received letters of support on behalf of a number of you. While these letters are not actively discouraged, we do want you to be aware that they are not a critical part of our selection process. Please do not feel as though you need to make extra effort to solicit additional support. We prefer to keep our selection based primarily on the application materials in order to avoid waitlist “campaigning” or giving unfair advantage to those who may know members of the HBS community.
You may be making plans for the summer which will change the way you want us to reach you. If the contact information that we have on file changes, simply update your contact information through the ApplyYourself system or send my colleague Dana Scalisi an email with the new information.
Thank you for your continued patience.
Sincerely,
Eileen Chang
MBA Admissions
Harvard Business School
Soldiers Field Road
Dillon House
Boston, MA 02163