Table of Contents
Evan and David are two of the freshest and most impactful thinkers in MBA admissions. Their perspective on taking charge of your career sets the standard for the twenty-first-century model, where leadership comes from within, not from a job title. This book will definitely bring out the best candidate in you.
Bill Kapler, retired partner of Accenture
Evan and David are the ultimate authorities on MBA admissions in todays fast-changing business world. They have an uncanny ability to cut straight to the heart of your candidacy and pull out what makes you a compelling and powerful MBA applicant.
Daniel Zilberman, principal of Warburg Pincus
No one, and I mean no one, better understands what changes are taking place
in MBA admissions better than Evan and David. They have their finger on the
pulse of the new-found emphasis on leadership and contribution to community.
In this book, they get at the heart of the matter: what applicants need to do to
communicate their unique brand and how it fits the wants of the business school.
Evan and David dont seek to game the system; rather they teach you how to
make the system work for you while discovering yourself and your strengths. You
could apply to an MBA program without reading this book, but it would be a costly
error. The ROI is incalculable.
Mark Sklarow, executive director of Independent Educational Consultants Association
Forster and Thomas have written a compelling book revealing two of the keys to successful business school applications. They stress the art of giving back, distinguishing the doers from the talkers. This is a must-read for anyone who wants to get into business school.
Lewis B. Cullman, LBO pioneer, philanthropist, and author ofCant Take It with You
When you want a great meal, you hire a chef, not a food critic; when you need to tell a worthy story, you engage an expert storyteller, not an ex-admissions officer. Evan Forster has the uncanny ability to say in a hundred words what others cant say in ten thousand. When I don my admissions hat, theres nothing I value more than a tight, compelling, well written personal essay.
Professor Richard Walter, UCLA Screenwriting Chairman
InThe MBA Reality Check, Evan Forster and David Thomas write extensively about leadership and community service. They practice what they preach. For more than eight years, their work with our students and mentors has helped make the College Bound program at Chess-in-the-Schools the dynamic success it is today.
Marley Kaplan, CEO of Chess-in-the-Schools
To Charlee,
who never worried about saying the right thing.
Acknowledgments
We wish to acknowledge the following people for making this book possible: Dan Zilberman, for saying, Be the best at what you do; Julie Wong, for taking us to the Street; Kathi Elster, for making us take our own advice; Mark Chimsky, for coaching the coaches; our agent Laura Nolan, for turning us loose; our editor Maria Gagliano, for reigning us in; Julie Cowhey, Bill Kapler, Jim and Christine Ancey, and the rest of the gang at the Little Egg Harbor Yacht Club, for encouraging us to stop talking about what we do and start writing about it; Carter Bales, for teaching us the importance of legacy, and Marley Kaplan and Chess-in-the-Schools, for giving us the opportunity; Leslie Goldberg and Phyllis Steinbrecher, for giving us our start; Cheryl Drasin and Amanda Giroux, for being there; Katie Kennedy, for being our fingers; Pia and Michael Schenk, forever and always; Joe Scalzo and Anne Sullivan, for teaching us to be who we say we are; June and Manny Sweet and Gayle and Gene Thomas, for loving us anyway; and last but not least, all those brave enough to entrust us with their candidacies.
Prologue
Harvard or Bust
On a Friday night in September 2005, I was being bombarded with questions from the high schoolers and their Wall Street mentors as the college adviser for Chess-in-the-Schools (CIS), the college-bound program that helps New York inner-city kids get into top universities. One of the mentors there that night was Harry, a twentysomething junior-level analyst at an elite private equity firm on Wall Street. It didnt take much to figure out that Harry was volunteering at our program solely to bolster his rsum. When I asked him what prompted him to join CIS, he halfheartedly rolled out the answer he thought I wanted to hear. It had something to do with world peace and hunger. I patted him on the arm and told him I hoped hed do better in the swimsuit portion of whatever beauty pageant title he was gunning for.
Im applying to business school, he answered, with one of those half smiles to let me know he was in on my joke. Problem is, Harry saw the whole b-school admissions process as a joke, as a game he could play and win using the same formula that had gotten him where he was so far. No, let me take that back, he corrected himself. Im applying to Harvard Business School.
Like many highly driven MBA candidates, Harry was on what I call a suicide mission: Harvard or bust. Though he was working with another educational consultant that fall, he continually sought my advice and I repeatedly told him to trust his consultant. Still, he persisted.
Several days before submitting his first-round application he freaked out, phoned me at home, and begged me to read his HBS essays. As a courtesy to him for mentoring one of my CIS students, I relented and read his long-term goals essay, which I have long referred to as $40 million by forty. Afterward, I thought, Thank God hes working with someone else. Harry had missed the entire pointlong-term goals need to be about something greater than oneself, something transformational. His goals were all about... well, Harry. My primary advice was to ditch that $40 million by forty theme. Thats the kind of greed that the 1980s flick Wall Street was all about, I told him. Who are you? One of those guys who will run the economy into the ground someday?
Harry didnt take any of my advice that night. Its too close to deadline to make those kinds of changes, he saidbut I could tell two things: One, he didnt really believe me, and two, he wasnt willing to put that much work into it. He was not accepted to Harvard. He didnt even receive an interview. All three of the CIS volunteer mentors who had worked with me that year were accepted.
I write this not to show off, but because this was Harrys reason for insisting that he work with me the following year on his reapplication. I started with two suggestions: Ditch the forty by forty attitude and, at the very least, apply to Wharton and Stanford in addition to Harvard.
He agreed to the first request but not the latter. I told him that even though his essays may be great (and ultimately they were), his Harvard or bust attitude would be his undoing. Harry replied, Without Harvard, I wont be able to return to private equity at the executive/management level. Boy, was he a fool. While many post-MBA hires at private equity shops may come from Harvard Business School (HBS), the best private equity shops hire from all the top five programs. And if you really bring something to the table, theyll hire you from a much lesser school than these. We know; weve seen it happen (when you get to the end of this book, Ill tell you all about the Georgetown grad who got cherry-picked by that medical-device private equity shop and is now running the world (boy, is McDonough getting a donation!).