Mbamission Waitlist Presentation
Mbamission Waitlist Presentation
3. What Next?
2
Section 1:
What Does the Waitlist Even Mean?
“Trying to make some sense of it all,
But I can see that it makes no sense at all,
Is it cool to go to sleep on the floor,
'Cause I don't think that I can take anymore
Clowns to the left of me, jokers to the right,
Here I am, stuck in the middle with you…”
- Stealers Wheels, Stuck in the Middle with You
“The frontier between hell and heaven is only the difference between two ways of looking at things.”
- George Bernard Shaw
Does the Waitlist Mean that I am Not Good Enough?
• If you were not a good enough applicant, they would just reject you
• The admissions committee doesn’t have time to play games – and why would they anyway?
• “Since Tuck puts very few people on the waitlist, you should view this as a positive response.”
— Dartmouth Tuck admissions committee
• “We find that your strengths and accomplishments stand out amongst the majority of our
applicants.”
— Berkeley Haas admissions committee
• “The waitpool is a group of hand-selected applicants who are very strong candidates for
admission for the current year. It is not a consolation prize or an empty courtesy. Rather, we
select applicants whom we wish to see in the class.”
— Stanford GSB admissions committee
• “The admissions committee feels that you will be a fit with our unique, inquisitive and
supportive community here at Chicago Booth.”
— Chicago Booth admissions committee
Seriously, I have No Chance of Getting in, Right?
• “We selected approximately 80 candidates for the waitpool. In the past five years, we have had
waitpools ranging from 75 to more than 200 people. Some years we are able to admit a high
percentage of those placed in the waitpool; some years that percentage is zero. It varies so
dramatically each year — based on a host of ever-changing factors — that historical statistics are
misleading.”
— Stanford GSB admissions committee
• “The number of admissions offers extended to waitlist candidates varies widely from year to
year, and is very difficult to predict. Historically, anywhere between 50-60 candidates have
been admitted off the waitlist in a given year.”
— Harvard Business School admissions committee
• “We will likely have between 100 and 200 active candidates on the waiting list.”
— MIT-Sloan admissions committee
Seriously, I have No Chance of Getting in, Right?
• “We do anticipate admitting candidates from the waitlist. The applicant pool varies each year,
and therefore we cannot predict exactly how many applicants will be offered admission or
your specific chances of being offered a seat in the class. We do not provide historical data on
either the numbers or percentages of applicants admitted off the waitlist from previous years.”
— Northwestern-Kellogg admissions committee
• “Please be advised that the Admissions Committee has made a conscious decision to limit the
number of applicants extended a place on the waitlist.”
— Duke-Fuqua admissions committee
• “….the number of applicants on the waitlist varies throughout the admissions cycle. There is
no pre-determined number of waitlisted applicants.”
— NYU-Stern admissions committee
Where Do I Rank on this List?
• “Our waitlist is not ranked and unfortunately there is no extra information we can give you
about your chances of admission.”
— London Business School admissions committee
• “No, the list is not ranked. If space becomes available in the incoming class, the Admissions
Committee will review the applications of waitlisted students in the context of the overall composition of
the class.”
— Michigan-Ross admissions committee
Section 2:
The Nuances of Waitlist Management
Waitlist Management 101
• Project confidence in all interactions: don’t panic, beg, plead, call repeatedly, etc.
• “Waitlisted applicants may provide one update per decision round letting us know of
significant changes since your application was submitted (e.g., job change, promotion, award).
This update should be submitted online. Aside from a new GMAT, GRE or TOEFL score,
which may be submitted at any time while you are on the waitlist, this will be your only
opportunity to submit an update.”
— Michigan Ross admissions committee
• “For many applicants we require no specific information, but general updates may be
provided. Suitable information for an update includes job changes or promotions, new
extracurricular involvement, an updated test score or changes in your personal situation that
the Admissions Committee should be aware of.”
— Northwestern Kellogg admissions committee
We welcome you to submit relevant updates in the form of an optional 300-word essay or a 45-
second waitlist video that addresses one of the following questions:
• Why Booth?
• Why is now the right time for you to pursue your MBA?
• What are your goals post-MBA, and how will an MBA help you accomplish them?
Ideally, the materials you provide should add insight into your qualifications and strength of fit
with Chicago Booth beyond what was presented in your original application, so we encourage you
to perform a thorough audit of your application and think about ways in which you can add value
for the Admissions Committee.
Wide Open (!): Delighted to Hear from You!
• “You are welcome to e-mail additional materials (e.g., letter of interest, additional essay) to
[email protected].”
— Yale SOM admissions committee
• “…common areas to address to help enhance your candidacy; not every suggestion will be
relevant to each candidate. Focus on substantive, meaningful improvements that you feel will
make you a stronger candidate or provide information not already presented in your
application.”
—Berkeley-Haas admissions committee
• “We encourage waiting list applicants to keep us updated on their situation and intentions.
You are welcome to submit via e-mail only any additional information you feel will be helpful
to us.”
—MIT-Sloan admissions committee
Open Waitlists: Advocacy, Not a Campaign!
• 1-3 correspondences, depending on time on the waitlist and the school’s messaging
• 1-2 letters of recommendation, depending on time on the waitlist, the school’s messaging. Must
provide new information!
Since receiving my waitlist decision one month ago, I have determinedly continued to learn more
about the ABC School to be best prepared to join the class, should the opportunity arise. Last week,
I visited campus, eager to experience a case discussion firsthand. I admittedly did not expect the
manic energy and humor that Professor Paul Johnson brought to the “Finance II” class, but amid his
sprints to the board and rapid-fire questioning of the unsuspecting, I learned a profound lesson on
the connection between inventory management and working capital needs. I was sold on the case
method before my visit, but my experience with the Clarkson Lumber case only reinforced that this
is the ideal active learning style for me. I should add that I was fortunate to join the learning team
of my former colleague Mary Flanagan (a fellow McKinsey alumna) that evening and observed the
team dissect the next day’s cases. Seeing her engaged in such a collaborative learning environment
made me certain that I would be a solid fit both academically and socially.
When I submitted my application, I was about to begin a new case at McKinsey. Today, three months
later, this project is quickly moving forward. At McKinsey, I previously worked exclusively on due
diligence assessments for private equity firms; I recently asked to join a strategic review and am now
evaluating potential divestitures for a media firm. As I study this firm, I find that I am fascinated by the
mix of old media and new media assets and by the nebulous nature of making decisions on assets whose
prices seem to change each day. I have repeatedly met with the firm’s CFO and its vice president for
strategic planning, and we have now determined which assets are “non-core” and are considering
options, including selling such expendable assets to competitors or to one of the private equity firms for
which I completed a due diligence project. In fact, I was quite proud to have made an introduction for
my client to a private equity firm myself. This new experience has been invigorating and has only
reinforced my desire to return to McKinsey after completing my MBA, as discussed in depth in my
personal statement.
Despite my busy schedule, I remain committed to the Golden Heights Senior Center, where I lead Bingo
each Sunday and play in the “house band” each Wednesday night. Last month, I also organized a
weekend trip for 20 seniors to the Super Casino and arranged to play Bingo there and attend an
instrumental show with an acoustic Beatles tribute band. Needless to write, perhaps, it was an
experience that none of us will forget.
I remain committed to attending your program and am optimistic that I will find a place in your class. I
will continue to apprise the admissions committee of my progress and remain available should you have
any questions at all.
Open Waitlists: Advocacy, Not a Campaign!
Second, I am excited to report that I took the GMAT for a second time and earned a slightly higher
score, a 710. What is noteworthy is that my Quantitative score rose from a 79th percentile to an
85th percentile—which I believe serves as further proof of my quant skills and my ability to make
contributions in this area. Again, I will follow up shortly by sending my official GMAT score
report.
Moreover, I have continued my networking and recently had lunch with David Clarke, ABC MBA
’67, who is a partner at McKinsey. I was impressed that all these years later, Mr. Clarke is still active
with the alumni association and in touch with, by his estimation, no less than 30 members of his
class of 240. In addition to my belief in the case study method, I feel that working closely with my
peers and developing enduring relationships is very important. I saw this on display when I visited
a class and a learning team meeting with Mary Flanagan last month, and Mr. Clarke’s enthusiasm
for the school and anecdotes about his class only reinforced my feeling that ABC School is the ideal
place for me to live and learn for two years and one I will continue to “experience” throughout my
life.
Closed: Don’t Call Us, We’ll Call You!
• “It is appropriate for you to reaffirm your interest in Stanford by uploading a brief letter in the
Next Steps section of your online application. Other than the brief letter reaffirming your
interest, we neither request nor suggest additional submissions.”
—Stanford GSB admissions committee
• “HBS is fully committed to the online application process. Our decision will be based upon a
continued review of the completed application materials you have already submitted. If we
need additional information from you as we make a decision on your candidacy, we will
contact you.”
—Harvard Business School admissions committee
Closed: Less is Way More!
“I am writing with a brief update which you will hopefully regard as material to my candidacy. I
recently took the GMAT for a second time and was able to raise my quantitative raw score from 46
to 48; meanwhile, my overall score increased from a 700 to a 720. I hope that my 48 raw score will
alleviate any concerns that may have existed due to my academic background in English literature.
Additionally, I am pleased to let you know that I have been promoted to Vice-President from
Assistant Vice-President and my team has expanded from three direct reports to nine. I have
always been completely transparent about my MBA ambitions, which makes my firm’s decision to
particularly gratifying. Instead of my firm turning its back on me, they are promoting me with the
hope that I will stay. However, I have told them that should I get off the HBS waitlist, I will
definitely be taking my place in the class.”
Should I use a Little Force?
• “Wharton’s Waitlist Policy is designed to create an admissions process that is fair and equitable
for all candidates. Please do not feel pressured to express your continued interest in Wharton
while on the waitlist; we assume that by virtue of the fact that you have spent considerable time
and effort to apply to Wharton, you are still interested in our program. In that same spirit of
ensuring a fair process for all candidates, we do not offer feedback to candidates on our waitlist,
either.”
— Wharton admissions committee
• “Admissions Officers are not available to meet in person. We maintain this policy out of
fairness to all applicants…”
— Northwestern-Kellogg admissions committee
Section 3:
What Next?
Buckle in for a long ride…
• Some decisions will be made after R3 is done and classes take shape
• The schools have reapplication processes for a reason: “See you next fall” letter!
• Select Just 1% from Applicant Pool of Elite MBAs (and Then Conduct Constant, Ongoing
Training!)
• Session 10
• Pre-Application Strategy
• Jeremy Shinewald – UVA Darden, Ambassadorial Speechwriter, Complete Start-to-Finish MBA
Admissions Guide
• Katharine Lewis – HBS/HLS, McKinsey & Company, former Stanford admissions reader
• Monica Carpenter-Okrah – HBS, JP Morgan, 65 Successful Harvard Business School Application Essays
• Lynn Moloney – HBS, former managing editor: Fast Company & Inc. magazines
• Kevin Shen – Stanford BA, MA; Wharton MBA, Wharton admissions committee
• Adam Grossman – NYU Stern, The Huron Consulting Group, The Elusive Fan: Reinventing Sports in
a Crowded Marketplace
• Susan Kaplan – Yale SOM, director of corporate marketing: National Hockey League
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