Last time, I promised to show you how to increase your chances of admission by having firm, clear goals. One of the key reasons for this is to demonstrate fit. This phrase is widely used, but not generally understood. To illustrate, let’s take the case of a common applicant who wants to enter the world of management consulting. And let’s say they are aiming high – to get an offer from McKinsey, Bain or Boston Consulting Group. But they might also be kicking around some other ideas and (I’ve seen this) investment banking seems like an equally interesting idea. The best place to start – is a JOB DESCRIPTION for each goal. Sounds simple, but this is what’s called thinking from the end. Ask yourself, what excites me about this job description? When it comes to the qualifications – what do I have now, and what do I need? How will an MBA help me get what I need to become qualified? Which programs are best suited to doing that? Rather than spend $200K guessing what might work, posting stuff on GMAT Club asking for advice from other applicants who might be equally in the dark, go to the end user here. Who are you trying to sell this education to? Who is going to help you pay off loans, and help you establish a positive net worth? I would recommend that the applicant contact the MBA recruiter (yes, this is a real person) at the MBB office where you want to work post MBA. Ask about where they recruit, because each office recruits locally, to some degree. Also, find headhunters and independent recruiters who tend to place applicants for top consulting firms. And lastly, of course, network with people who are doing what you are thinking about doing. Who have been in your would-be shoes. To do this, I am a big fan of the advanced search feature on Linked In. You can identify the parties mentioned above by school, employer, etc. In this situation, you will probably want to send some “inmails.” I’m not trying to sell Linked In here, but get premium, it’s free for 30 days, and this is your life, after all. Don’t be pinching pennies when it comes to identifying and landing your dream job, one that won’t feel like work, and will help you feel good about Monday morning. Because this is the goal, not attending business school Business school is a means to an end, and that end is to get you into a job that makes you happy (however you define that.) Some might say it is to find a better paying job – however I have seen too many people get that better paying job and then use money to try to make themselves happy, when they could have just achieved it directly. Write a letter to these people that is easy for them to answer. Please do not write something like, “Tell me what management consulting is all about.” That is abstract, unfocused and you would not want to be on the receiving end of that email. They would be thinking, this joker doesn’t really get that I work 80 hours per week and have no time for games. I recommend that you work with a career coach and put together a kind of cover letter, stating the specific information you are seeking (how to select schools, in this case) and then put together a list of 10 questions where the answers will be more than yes/no, but won’t require the recipient to delve into the depths of their psyche. Not everyone will respond, but if you put together an effective email (edited by someone like myself) you WILL get responses. This always seems to shock my clients (quote, “just to be clear…you’re telling me to email the former Prime Minister of Australia?!”  but many people out there DO care and would like to help others sidestep mistakes (and loans) that could have been avoided. In certain circumstances, my clients have decided NOT to attend b-school and to instead attend a school of public policy. Or just focus on how to achieve their goal in a different way, from their current position. I am thrilled, frankly, that this process saves my clients potentially wasted years and several hundreds of thousands of dollars. So, after getting the qualitative input on the job itself, you think – would I be OK with being away from home Monday through Thursday? How would my wife and dog feel about that? Do I enjoy having to interview employees about what they do? Do I like Excel well enough to build models? Is this my thing? If it isn’t, you might take Kellogg or Tuck off your list o’ schools. But if it is, review their employment stats reports. You might discover such and such school is a big feeder for Deloitte but less so for MBB – would that be OK? If so, move on to subscribing to their You Tube channel and watching You Tube videos and video “podcasts” to find out more about the culture there. Take note of the values they state, explicitly or implicitly, and in your essays, write about how those values resonate with you, and give examples of how you’ve modeled them in your life. Reaching the adcom on the level of common values is a much deeper connection than most make – and it is effective. It makes you memorable.

So often applicants think about other aspect of their application (school selection, resume etc.) prior to considering their MBA goals, and I really feel this is a classic case of the tail wagging the dog. THE EQUATION To write a persuasive application, it’s critical that you have those goals honed and refined. Background + MBA = Post-MBA Goal. So in order to solve for “MBA” part here, you need to figure out the right side of the equation. Then, take Goal + Experience = Long Term Goal. Hopefully this long-term goal will stir the adcom on both an emotional and analytical level. THE PITCH Consider this: schools invest more money in you than you pay in tuition. So while many consider this process to be shopping for an MBA program, in fact, your application should be likened to a pitch. Think Shark Tank. Why should they invest foundation dollars in you vs. someone else? They are more likely to choose the applicant who has carefully considered why they are applying to the school, and what they are trying to make manifest by going there. Successful Shark Tank applicants rarely walk into the room presented a with few different “options” for potential products, or a generic, half-baked idea. They don’t say, well, give me the money, I want to explore first, and see what sounds good to me once I get there. That would be a ridiculous way to approach starting a business, a sure plan for financial ruin. Yet, business school applicants do this all the time. THE PAYOFF Check this out. For the admissions committee, in this case, *YOU* ARE THE BUSINESS. You are the business they are investing in. Show them you have a business plan for business school. Show you have a strategy and specific tactics to carry out said strategy. This doesn’t mean that you can’t engage in big, blue-sky thinking. Schools like to see a big vision. One of my recent Wharton Lauder admits has a goal of establishing a consultancy in Africa that will allow Africans to effectively increase the percentage of arable land, solving part of the hunger crisis, and make the agriculture market a viable means of economic growth there. THE EXAMPLE So, big vision is encouraged, however, you need to connect the dots. Background + MBA = Goal. In this case, he had visited Africa, traveled extensively, and has a masters in Engineering. All he needs is a business education – knowledge if marketing, finance – mentorship, and an understanding of the competitive landscape there. The Lauder program allows students to spend time abroad doing these things, so this is a fit. What Wharton-Lauder offers matches what he needs to achieve his goal.  But we couldn’t establish that fit with crappy, fuzzy, generic goals. So my message is this – set MBA goals first, to show how your Background + MBA = Goal. Demonstrate how YOU will leverage the opportunity – a key reason for adcom to admit you. Once you do this, the process of writing your applications becomes far easier, you gain momentum, and the passion and precision shines through. THE EXERCISE Next week, I’ll post a blog on how to identify these goals. It starts with your values. There is a huge amount of freedom that comes with making decisions based on your values. For me, it’s important that I work with clients who allow me to be authentic, honest and in a sense, playful. We can laugh together. These things reflect my values. When I sense a fit on this level, it is likely to be a good match. So this is a great guiding principle for selecting new clients. Complete this exercise to find out yours.

If it’s one thing that drives me nuts, it’s someone who says they are “going to business school to figure out what they want to do.” THAT IS DUMB. And incidentally, also very EXPENSIVE, because it’s  a waste of your precious TIME. Get clear on your career goal first, so you can pick a program that will help you achieve it. Then leverage your time in business school to achieve said goal. Believe me, when applicants try to conceal their lack of direction, and BS their way through, it comes through loud and clear in their essays. It’s impossible to hide. And the essays are painful to read. Business schools want to bring in students who will be successful, make them look good, have a positive impact on endowments. It’s difficult for students achieve greatness if  they have no direction. This is why business schools ask you – hey, applicant, how do you plan to spend your time at our school ? I heartily recommend that you do the introspection work….with a coach if necessary… to construct your career plans before attempting to draft your applications. Do the inner work first. The application essays should be a manifestation of this process, not be the beginning of it. I often hear, “I just want to get into a school and then I’ll figure out the rest when I’m there.” OK. Let’s say you get into a school. Without clear intentions, you will be caught in a tidal wave of courses, clubs, classes and recruiters. Not to mention speakers, internships, externships…you get the picture. Instead of tapping into your heart’s desire, it’s more likely that you’ll be thrown about the sea, shipwrecked, 20 months having slipped through your hands and all you have to show for it is a huge bill. I will end with these words of advice from one McCombs MBA student to an applicant:

“I didn’t realize how busy I would be! I knew that business school was going to be challenging but the first few months really tested my time management skills. Looking back I was amazed at how much we all accomplished in the fall term. Advice I would have for that is to think about what you want to get out of business school before you get here. Do you want to focus on recruiting, social, academics? And are you okay with priorities shifting as you progress in the year?”