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Aug 2, 2009

Early Career MBA & JD-MBA Applicants

Hey everyone, I recently received an email from someone who is looking into JD-MBA programs. She’s currently beginning her senior year in college, and she asked me to assess her profile and to provide her with some general advice for applying to JD-MBA programs. I wanted to take a few moments to share some of my answer here (though not all of it in this case) and also discuss the idea of early career MBA applicants, which definitely has been getting a lot of buzz the last few years.

Business schools have traditionally preferred applicants with 4 to 5 years of experience over those with less experience. The idea is that someone who has more professional experiences can better contribute to class and section discussions, as well as can better understand much of the practical business coursework. Statistically, this is especially true of Kellogg, where the average years of work experience is close to 5 years, and where traditionally very few applicants have ever been taken straight from undergrad. In fact, reportedly a few years back, Kellogg didn’t accept a single student straight from undergrad.

Although I’m 4 years out now, I actually considered applying for an MBA a few years ago, both one and two years out of school. Unfortunately, my idea was pretty short-lived because the start-up firm I worked for suddenly decided to go out of business. Although I was definitely set on going back to school early, in retrospect, it clear that I am more well-prepared to do well in school now because of my additional work and community experience.

Although this is true for most applicants, MBA programs have been trending down in terms of preferred years of experience. Today, schools definitely consider applicants with 0 to 2 years from undergrad as much as they consider older applicants. Of the highest ranked schools, Stanford, Harvard, and Sloan are taking younger kids in hordes, and they're doing it even moreso today than they did a few years ago when I thought of applying.

If I had to give advice to younger applicants when applying, first I’d say stats are relatively more important for you. Since you have less work experience and professional expertise to offer (as I also did when I considered applying), schools will want to see evidence of your intelligence through high grades and stellar GMAT scores. Additionally, just because you have less professional experience doesn’t mean you’re off the hook for leadership potential. Schools still want to see evidence of your leadership and decision-making in extra-curricular activities and in internships. After that you’ll be assessed like every other candidate on your b-school “story” where you should discuss why you need an MBA and should answer the question, Why now? For you, the difference is that you’re story must answer the question, why now right after school, as opposed to why 4 or 5 years out of school.

In comparison to business school, JD-MBA programs have always required less experience from their applicants. This is because these programs balance the respective profiles of the university business school and law school, which are entirely different. While business schools usually prefer a couple of years of experience, law schools have traditionally taken tons of students with little or no work experience. As such, admits to some JD-MBA programs have a pretty low average age, which typically works out well sense dual degree students begin at the law school.

I'll note that the actual numbers to JD-MBA programs depends on the school. The Northwestern JD-MBA for instance has a typical average of 4.5 to 5.0 years of experience, which is pretty closely aligned with general b-school population. Word on the street is that the first class of Pennsylvania will be pretty similar. However, I know of 4 or 5 schools off hand that encourage applicants straight from undergrad.

To me, all of these differences emphasize the fit factor when applying. Although you probably hear the word “fit” every time you talk about applications, it is important to ensure you apply to and enroll at a school that is the right fit for your professional and personal aspirations. Once you find that school (or those schools) that is a fit, then my personal opinion is that you should work on getting your story and putting together a quality application. Once you can do all of that, then you're probably ready to give it a shot. Best of luck if you decide to do so this year!

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7 Comments:

At August 3, 2009 at 8:55 AM , Anonymous Law School Podcaster said...

We are actually going to be doing a show on this topic very soon. Thanks for your insights.

 
At August 3, 2009 at 10:45 AM , Blogger Jeremy C Wilson said...

@ Law School Podcaster--Thanks for the note and for reading my blog. I'll be sure to check out your show once it's online.

 
At August 3, 2009 at 11:45 AM , Blogger miglorin said...

This comment has been removed by the author.

 
At August 3, 2009 at 11:46 AM , Blogger miglorin said...

Harvard started an interesting program in 2008, it's called "2+2." Undergraduate students apply (with the option to submit a GRE or GMAT), and once accepted, work for 2 years after graduation, then they're automatically enrolled at HBS. What do you think of this?

 
At August 3, 2009 at 4:28 PM , Blogger Jeremy C Wilson said...

@ miglorin--Yes I've definitely heard of the 2+2 program and have a friend who was accepted last year. It's a great program for those who are certain that they want to attend b-school. It guarantees you a spot in school, alleviates the stress of applications when you're busy in the workworld, and it also can facilitate job offers once you've been accepted early senior year. However, in my opinion, HBS actually makes out better than the admit makes out. HBS spends a lot of time and money trying looking to attract the best talent...as do most schools. I think b-schools loose a lot of really smart people to other disciplines and a lot of talented women because applying to b-school in your late 20s means other sacrifices for them. This HBS program takes away some of those issues, allowing admissions to recruit and a wider range of applicants to the program.

 
At October 16, 2009 at 2:06 PM , Blogger Satpreet said...

"However, I know of 4 or 5 schools off hand that encourage applicants straight from undergrad."

Hi Jeremy, could you actually list these programs?
I know of HBS, Chicago/Booth, UCLA/Anderson, (in the top-tier) and Rochester/Simons, Atkinson/Willamette, Crummer/Rollins (in a lower tier)

 
At October 19, 2009 at 8:39 PM , Blogger Jeremy C Wilson said...

@Satpreet--Thanks for your message. It's hard to remember exactly which schools I had in mind, but I can say this...from my experience, I think most schools are open to younger candidates. Northwestern is definitely an exception in that it takes much older candidates. I think Penn also falls into this category. But HBS and Booth were definitely on my list of schools that take younger applicants. I've heard rumors about UCLA as well, but I don't know anything about the program firsthand. I think the best thing you can do is call up the admissions office and actually ask directly. You might even ask the age of the youngest person in the program. I suspect they'd be willing to let you know the information.

 

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