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HBS CLASS ADMITTED THIS YEAR VS LAST YEAR: FINANCIAL SERVICES BLOODBATH

Sunday, June 5th, 2011

HEADLINES
1. apps DOWN fr. 9524 to 9134
2. PE/VC Down fr. 18pct to 13pct -HOLY COW!!!!!!!!!!!!!!!!!!!!
3. Women up 36 to 39 pct
4. Class size up fr. 910 to 918
5. Investment banking and Investment Management DOWN fr. 14 to 12 pct

[THERE IS ALSO AN EXCELLENT SUMMARY OF THIS DATA IN POETS AND QUANTS  with super dish about the stats by yours truly. http://bit.ly/lzOOWz ]

CAVEAT: NUMBERS FOR CLASS OF 2013BELOW  INCLUDES, I THINK ABOUT 80-90 2+2 KIDS, NONE, OR VERY FEW  OF WHOM WERE PROB IN PE OR VC, SO THAT COULD EXPLAIN SOMETHING.  BUT THAT WILL ALWAYS BE THE CASE MOVING FORWARD, SOOOOOOOOO, THIS IS BAD NEWS FOR PE/VC, UNLESS YOU JUST CONSIDER THIS YEAR A PE/VC FLUKE.


Class of 2013*

http://www.hbs.edu/mba/perspectives/class-statistics/
Admissions
Total MBA Enrollment 918
Applications 9,134
% Admitted 12%
Yield 90%
Class Composition
Women 39%
US Ethnic Minorities 23%
International 34%
Average Age 27
Countries represented 68
Undergraduate institutions represented 243
GMAT Score Range 490-790
Median GMAT 730
Citizenship
North America 70%
�United States 66%
Asia/South Pacific 13%
Europe 10%
Central/South America 4%
Africa 2%
Oceania 1%
Undergraduate Majors
Business Administration 20%
Engineering/Natural Sciences/Technical Disciplines 36%
Humanities/Social Sciences 43%
Other 1%
Pre-MBA Industry
Consulting 21%
Consumer Products 6%
Financial Services** 12%
Healthcare/Biotech 6%
High Tech/Communications 9%
Manufacturing 14%
Military 5%
Non-Profit 8%
Other Services 5%
Venture Capital/Private Equity 13%
Unspecified 1%

  * As of June 1, 2011 – subject to change

  ** Includes Investment Banking and Investment Management
==============================

Preliminary Profile of the Class of 2012

http://www.hbs.edu/mba/admissions/blog-all.html
entry for July7,2010

Date: July 07, 2010

Here’s a peek at the Class of 2012.

This is still officially “preliminary” until registration in September.
Admissions
Total MBA Enrollment 910
Applications 9,524
% Admitted 11%
Class Composition
Women 36%
US Ethnic Minorities 23%
International 34%
Countries represented 73
Undergraduate institutions represented 243
GMAT Score Range 510-790
Middle 50% GMAT Score Range 710-750
Average GMAT 724
Citizenship
North America 70%
�United States 66%
Asia/South Pacific 13%
Europe 12%
Central/South America 3%
Africa 1%
Oceania 1%
Undergraduate Majors
Business 23%
Engineering/Natural Sciences/Technical Disciplines 33%
Humanities/Social Sciences 43%
Other 1%
Pre-MBA Industry
Consulting 22%
Consumer Products 7%
Financial Services* 14%
Healthcare/Biotech 6%
High Tech/Communications 6%
Manufacturing 9%
Military 5%
Non-Profit 7%
Other Services 5%
Venture Capital/Private Equity 18%

  * Includes Investment Banking & Investment Management

Posted in Hall of Fame | 1 Comment »

HBS WAITLIST MUSICAL CHAIRS

Monday, May 23rd, 2011

CRUEL??? WHAT DOES THIS MEAN

MBA Program
May 23, 2011

Hello Everyone:

Tomorrow, a number of you will be receiving an email indicating that you are being
 released from our waitlist. We have spent the last week carefully reviewing all of the waitlist
candidates, and will be retaining about 30 candidates whom we will continue
 to keep in active consideration.

We expect that approximately 10-15 offers of admission will be made to those remaining on the
waitlist. This will happen on a rolling basis; we will begin admitting candidates from
 the waitlist at the end of this week.

For those of you who are being released, you will be receiving an email
letter tomorrow that will serve as the official notification of this release.
Please note that this is a system generated letter – we wanted to reach
all of you via this email first.

I want to sincerely thank you for your participation on the
waitlist this year. We have come to know all of you very closely through
your applications and contact via email, in person, and by phone.
We know that waiting is not easy, and your participation and patienc
e during this time has been tremendously appreciated by us.

For those of you not being released – please assume that if you
do not receive an email from us tomorrow, you remain on the waitlist.

Sincerely,

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

Posted in HBS and Stan Waitlist data, Hall of Fame | No Comments »

Yet another WaitList Update fr. HBS -15 offers pzzble in May

Tuesday, May 10th, 2011

MBA Program

May 10, 2011

Hello Everyone:

We are actively reviewing our waitlist candidates now and will begin releasing decisions starting next week. Contrary to the calls we received yesterday, we did not admit 20 people from the waitlist last Friday. We have not made any offers to anyone from the waitlist so far this month.

There will be a lot of movement on our waitlist over these next three weeks. At this time, we anticipate making approximately 15 offers of admission between now and the end of May. This number could increase slightly after May 23, which is the response date for those admitted in Round 3. We expect the majority of our decisions to be made by May 27.

Heading into June, the waitlist will be sized down to approximately 10 people; the waitlist at that time will serve to hold a group of candidates who could be available to matriculate in case last minute (early July) cancellations occur. If we would like to include you in this group, I will contact you.

It is critical to keep your contact information updated through the ApplyYourself system, especially since many of you are traveling now and over the next few weeks.

Thank you for your patience with our process, and please contact my colleague, Dana Scalisi, if you have any questions.

Sincerely,

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

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Harvard Business School Waitlist letter — no news but they will take someone

Monday, May 2nd, 2011

MBA Program

May 2, 2011

Hello Everyone:

As it is the beginning of May, I wanted to let you know where we
stand on the Class of 2013.

This Thursday, May 5 is an important day for two reasons. First, Round 3 decisions
will be released. Second, it is the date when all those admitted in Round 2 are
required to let us know whether or not they will be matriculating at HBS.
Because the Round 2 response results are critical in dictating how many spots
will remain to be filled in the class, we will be waiting until after
May 5 before we begin making decisions on waitlist candidates.

We expect that there will be spaces in the class that will need to be filled,
but at this time I cannot accurately indicate to you how many. Next week
we will begin reviewing and making decisions on waitlist candidates in
earnest. Please email me directly at echang@hbs.edu if you still remain
interested in HBS and are sincere in your intent to accept a place in the
class should one be offered to you. The majority of you should hear a decision
on your application before the end of May.

Heading into June, the waitlist will be significantly smaller.
The waitlist at that time will serve to hold a group of candidates
who could be available to matriculate in case last minute (early July)
cancellations occur. It is critical to keep your contact information updated by emailing
my colleague, Dana Scalisi, especially since many of you are traveling now and over the
next few weeks.

Thank you for your patience with our process, and please contact me if you have any questions.

Sincerely,

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

Posted in HBS and Stan Waitlist data, Hall of Fame | No Comments »

HBS Adcom says new HBS app will be up in Mid May (they hope).

Thursday, April 21st, 2011

TIDBITS FROM THE PALACE, NEW HBS APP WILL BE OUT SORTA MID MAY. AND WHILE YOU ARE BEING SO GABBY, MY DEAR, HOWZ ABOUT SOME INFO ABOUT 2+2 NUMBERS, TO WIT

1.WILL NEW COMBINED PROGRAM SORTA TAKE 150 KIDS
2. WILL 100 OF THOSE KIDS BE ADMITTED IN EARLY ROUND

OR YOU DUNNO YOUR LOVELY SELF ????

Date: April 21, 2011
I see that some of you are wondering why you can’t access your Round 3 application via ApplyYourself right now.

No, this doesn’t signify ANYTHING – really – other than that we are currently getting ready to go live with the Class of 2014 application and need to take down the Class of 2013 one so we can fiddle freely. No one’s application has been lost or misplaced or anything remotely like that. We’re hoping to get the Class of 2014 application up in mid-May – but are paying careful attention to everyone in Round 3.

Hope this helps,
Dee

Posted in Hall of Fame | No Comments »

Adcom director Dee Leopold discusses 2+2 program w. Harvard College kids

Thursday, April 21st, 2011

HER MAJESTY GIVES A 2+2 TALK AT HARVARD COLLEGE–NOTES FROM A FRIEND WHO WAS THERE
below are some notes taken at Dee Leopold’s recent gabfest for Harvard College kids interested in 2+2:

Quote:
Here’s some notes I took from Dee’s presentation. Not sure how much of it is new:

*820 applicants to 2+2 last year, 200 granted interviews, 100 offers given
*out of those 100, approximately >50 were from science/engineering, the other 50 were “everything else”
*not set in stone, but they’re hoping not to waitlist anyone through the 2+2 process (i.e., if you apply by the first deadline, you’re not going to be waitlisted and pushed off into the later cycles)
*if you apply for the first deadline, interviews must be on campus and during designated week in August. no exceptions.
*3rd year (even 4th year) deferrals OK
*if you are granted an interview and are subsequently denied, they will provide feedback

She made it clear that rounds 2, 3, and 4 still fall under the “2+2″ program. She, however, didn’t specify how many kids they plan to take per round.

Last year, they took about 100 kids in the early 2+2 program and then sorta 50 college seniors. This year, the early program and the senior admit pool is being rolled into one big new 2+2. Whether it will take 150 kids, and whether it will take 100 in the ‘early’ round and fifty over the next rounds, dunno.
Perchance if her majesty –or any of her handmaidens –are reading this, they could clarify–BIG QUESTION b.c. lots of kids are calling me and saying the want to apply early round b.c. it takes more kids.

Posted in HBS 2+2, Hall of Fame | No Comments »

Yes, Virginia, you can lobby your way off HBS, Stanford, and Wharton Waitlist–sometimes

Friday, April 8th, 2011
Hey Sandy, what’s your take on sending out letters of support/recommendation after being waitlisted? I know ad com states that they don’t want to be contacted. However, what’s the best way to continue to show interest? Thanks

From calling the main number and this article, I think it’s a no-no: http://www.beatthegmat.com/mba/2010/03/ … -is-a-test

I dont want to get into a pee-wee contest w. other consultants in the blog section of this Forum or article cited above, but if you really want to destroy some myths about B Schools and Wait Lists, here goes.

1. There are no rules: DO NOT PAY ATTENTION TO WHAT THEY TELL YOU, OR WHAT ADCOM HEADS SAY WHEN GIVING INTERVIEWS, WHAT THE HELL DO YOU EXPECT THEM TO SAY, DISREGARD OUR INSTRUCTIONS. ditto kids like the bold lad above, who, gasp!, called the MAIN number: “Hello, this is Joe Blow the WL kid, and unlike the shy sucker other kids on the WL, I am so bold as to call you, and, of course, since you dont know me from Adam, you will give me the inside scoop about the WL. Here’s my question, honey (I like to charm them on the phone), the letter I got said not to contact you, but, you know, sweetie, just between cutie-pie you and me and fence post, I mean is that for all the fellas out there who are not as charming as lil’ ol me, or is there some secret way to get off the WL for smooth-as-silk types like me, who also has the Spauldings to like call you’ll???? What’s that, honeybun? There ain’t no way???? Now that is not just the guff you tell all the boys, is it sweetie??? IT AINT, well, dang me, ok darlin’ one mo’ time, and now I am putting a cherry on top of what I am saying, Aint there some sugar WL for rascals like me? You know the one you dont show all the boys, just those with a big grin and shiny blue eyes like me. There is not!!!! Now, cupcake, you are breaking my heart . . . .but I know what you are doing, three is the charm, right, so I gotta make a cute little puppy dog and beg three times, aint that right Flower-belle? . . . . .etc ”
2. As to H/S/W ALL OF WHICH HAVE NOMINAL DO-NOT-CONTACT US RULES,  there is not much you can do for yourself, that much I agree with, but there are things OTHERS can do for you, [ including alums, current students, and esp. any bigshots or influentials you work for or who know your work, esp. if they also, ahem, hire jerks fr. those very same schools. HAVE THEM CALL THE ADCOM OR THE DEAN AND PUT SOME SKIN IN THE GAME FOR YOU.
3. duh, gee Sandy, how do you know this?
4. Because I have seen it work MANY MANY MANY times –that is how. Some percent of WL admits will have bigshots or other influentials call for them. And sometimes (not always) those kids get in.
NOW–do I know if those kids who had bigshots or other influenetials call for them would have gotten in anyway without the call? No, how could I? And since some kids had folks make calls for them and did not get off WL, doesnt that prove that calls dont mean much? NOT NECESSARILY. IT DEPENDS ON THE CALL. THE CALLER. WHAT WAS SAID, AND QUITE FRANKLY, A BIT OF LUCK. THERE IS SUCH A THING AS TELEPHONE KARMA. I have feedback fr. MANY MANY calls made to HSW deans and adcoms, and sometimes people strike it lucky, and sometimes not. And as much as I love Her Royal Highness, like many potentates, somedays she pouts and somedays she smiles. Royalty is like that.
5. Sandy, you are bugging me, this goes against all the flap-doodle on other sites, and what the schools say themselves? That is because, secretly, YOU DONT WANT TO DO ANYTHING and YOU WANT TO HEAR THERE IS NOTHING YOU CAN DO!
6. Sandy, I dont know any bigshots or influentials. Well, don’t despair, most people get off WL by in fact doing nothing, so all is not lost. The number of kids who can lobby their way off WL is about ~10pct of WL admits each year. Soooooooooo, consider the WL about as ‘fair’ as most things in the admissions game, and more fair than life and death in 99 pct of the places on earth. But use your noodle. If you are adcom, and some head of PE shop, or fellow dean, or big charity dude, or demi-celebrity calls you and makes a strong case for X, who gives a frig, make the bigshot happy. People actually like to do favors for bigshots, it makes them feel more important.
Look at the ****bags at Monitor, they were falling over themselves to do a favor for a war crimminal, and it was NOT JUST THE MONEY!!!! (altho sure . . . .), it also made them feel good that they had reached a position where they could influence things. I mean NO ONE REALLY CARES who gets in off WL (except you of course), so WHY NOT DO A FAVOR, it dont cost you anything, anyone on the WL is by def. already OK, and you never know when you may need a little favor yourself, but mostly, it just feels good in some deep, selfish, primal way, that as adcom you can help out a bigshot or influential . . . you dont feel cheap or used or dirty, you feel pride, altho it is not the kind of pride you ever talk about or can share. It is deep inside your head, along w. other really secret, deep, personal, and often ‘unseemly’ stuff.
7. In my experience, most WL kids do TOO LITTLE and not too much. Can contacting adcom work against you, sure, anything can work against you, you need to play it right, like you need to play everything right in a game w.out rules by using smarts, savvy, and shrewd judgment. But make no doubt about it, this is a test that is more impt than ANY test you will take in B school. Again, if you absolutely dont know anyone, dont super fret, most folks get off WL at HSW by waiting, but if you do . . . .well,
OK end of today’s sermon.
 

 

 

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Harvard Month of Service Suggestion for Libya

Friday, April 1st, 2011

APRIL IS HARVARD MONTH OF SERVICE MONTH–HOW ABOUT

 LIBYA?????

Dear President Faust:

How about a team of Harvard talents being sent to Libya for Harvard  Month of Service, it is not like they don’t know how to get there!

Profs Porter, Nye, and Putnam come to mind: among their service tasks could be

–advise the gov’ment how to get their 100 billion USD out of the country and avoid international detection.

–advise key leaders how to beat War Crime charges

–advise Libyan media types how to NOT punch reporters and engage in mock executions ON CAMERA

–advise Libyan ‘thought leaders’ how stockpile $$$$ so they begin to pave the way for their children to get into HARVARD and other to schools.

Harvard Alumni/ae, Students and Friends from around the world will be joining together this April to make a difference. Will you join us for Global Month of Service?

Friday, April 1st – Sunday, April 3rd
SquashBusters

Tuesday, April 12th
REACH: Realizing Every Action Creates Hope

Saturday, April 16th
The Center for Teen Empowerment

Click here to learn more about Harvard Serves or to register for events in other cities.

Other ways you can help:

  • Identify an organization that may need assistance.
  • Organize your own alumni public service opportunity. Click here to become a site coordinator.
  • Share this event on Facebook or Twitter.

Posted in Hall of Fame | No Comments »

Warsh’s J’accuse against HBS Prof Porter

Thursday, March 31st, 2011

whole story, told in great detail– including thumbnail history of Porter and Monitor–worth a look. Warsh is polymath and muckracker and has a PhD in economics, plus deep knowledge of Harvard scandals.

David Warsh: Harvard star prof’s sleazy deals with Gadhafi

 

01:00 AM EDT on Thursday, March 31, 2011

 

 http://is.gd/67UNBd 

We now know that Gadhafi’s son bribed his way into his Ph.D. from the London School of Economics; that Monitor Group had been paid to help him write his dissertation there (much of which apparently turns out to have been plagiarized, anyway); that the Libyan government was paying Monitor $250,000 a month for its services; that, according to The New York Times, Libya’s sovereign-wealth fund today owns a portion of Pearson PLC, the conglomerate that publishes the Financial Times and The Economist; that the whole deal quietly fell apart two years later. 

  , , , ,In a statement last week, Monitor wrote that “just a few years ago many saw a period of promise in Libya.” That was certainly true in Cambridge. What dissenting Libyans in Tripoli witnessed was a parade of well-paid visitors flattering their half-mad dictator, and a squad of Harvard-connected consultants bent on creating a “National Security Organization” for the government, designed to augment the existing security apparatus with a new corps of MBA-trained personnel officers.

I’m not going to hold my breath waiting for Porter to give some evidence of contrition about his mission to Tripoli. Sir Howard Davies may have resigned as director of the LSE (“The short point is that I am responsible for the school’s reputation and that has suffered”), but being a Harvard professor apparently means never having to say you’re sorry.

David Warsh, a former writer for The Wall Street Journal, Forbes and The Boston Globe, is proprietor of economicprincipals.com

Posted in Hall of Fame | No Comments »

Waitlist News w. some actual stats.

Thursday, March 31st, 2011
MBA Program

March 31, 2011

Hello Everyone:

It’s Eileen Chang from the MBA Admissions Board at HBS.

I’d like to welcome those candidates receiving this correspondence for the first time. This is a regular update I send out at the beginning of each month to give all of you an update on our Admissions process. I realize we are a day shy of April 1, but given that a lot has happened this week, I felt it was important to reach out earlier.

For those of you from Round 2 who haven’t yet confirmed your place on our waitlist via the online poll, we appreciate your doing so as soon as possible.

Round 2 decision notifications were released on Tuesday. We also admitted approximately 50 Round 1 waitlist candidates on Tuesday. Now, with the addition of candidates from Round 2, our waitlist currently stands at around 100 candidates.

Our final Round 3 submission deadline is today and we will begin reviewing Round 3 applications tonight.

By the end of the day today, we will have received all applications that will be considered for the Class of 2013. In the immediate term, we will be focusing on our Round 3 applicants. I anticipate that at the end of April, we will begin actively reviewing our waitlist. If there will be decisions made before the end of April, I will be in touch to let you know what to expect.

Although we do not want to make guarantees as to the exact date when you will likely hear a decision from us on your application, we do want to emphasize that we will keep a waitlist as long as there is a reasonable expectation that space may be available in the class. In terms of setting expectations, the majority of decisions on waitlist candidates are made before June 1.

Finally, it is very important that you keep your contact information updated through the ApplyYourself system. If at any time you would like to withdraw from the waitlist, please email us and let us know.

We appreciate your cooperation. If you have any questions, please contact my colleague Dana Scalisi, who works with me in managing the waitlist.

Thank you for your cooperation.

Sincerely,

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

Posted in HBS and Stan Waitlist data, Hall of Fame | No Comments »

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