Why Admissions Committees SHOULD Care What the Career Centre Thinks About Candidates

Niki da SilvaAs someone who has spent nearly a decade in MBA Admissions, I’m still amazed at the rare examples of Schools who operate using a model of collaboration where Admissions and the Career Centre actually work together constructively (and I feel very fortunate to work at an institution that does this well!)  The more common approach is one of deep conflict where each area blames the other when convenient.  I enjoy the natural tension balancing academic and professional achievement when Admissions Committee meets, and collaborating doesn’t mean this tension should disappear, but instead should be elevated to a discussion about what the best decision is for each applicant and the School.  Debate about the likelihood of academic success vs. career success – and what, if anything, should be more prominent, generates better discussion and ultimately better decision making which is positive for all involved in MBA admissions. These decisions should never be transaction in nature and should always think about an applicant not only as an MBA student, but as an alum of the School forever and admissions decisions should signal confidence in the fit between the applicant and the Program.

 

With this in mind, it seems blatantly obvious to me that Admissions Directors SHOULD care deeply about the Career Centre feedback on candidates, and must factor in post-MBA employability into Admissions decisions.  Now employability can mean a number of things, but my perspective is that it is only ethical for us to extend offers of admission to candidates when we believe our Program will support the candidate in achieving career success – however they have articulated this throughout the admissions process.  At Rotman we see lots of qualified candidates who ultimately are not successfully selected for the class for this reason, and we work very closely with our Career Centre to integrate their feedback into the admissions process.  The Career Centre actually builds our admissions interview (content and process) and the Director of the Career Centre sits on the Full-Time MBA Admissions Committee so their influence is felt both directly and indirectly in the process.  Our two departments share information frequently and there is real-time feedback flowing between these areas on an ongoing basis.

 

Ultimately, admitting candidates to a Program that isn’t a good fit from a career perspective is poor decision making, and considering the significant investment that candidates intend to make from a time, tuition, and opportunity cost perspective I strongly believe that Admissions Directors should think deeply about admitting candidates who will be set up for career success by coming to your particular School, and refuse admission when the fit isn’t there despite other compelling criteria.  Career success isn’t just achieved through your application profile, but also through the sheer effort put into the job search for your industry of choice, and by performance in the Program (both inside and outside of the classroom). An offer of admission at Rotman signals to our candidates that not only do we believe you will be successful academically, but we have great confidence in your ability to achieve career success – however you define it!

 

On a final, and related note, it is timely to disclose that today is my last day prior to maternity leave for the year – very exciting times for me personally!  I couldn’t be more thrilled to be handing over the reigns in Admissions to Leigh Gauthier, who will become Director of Admissions and will be fabulous in the role.  Until this transitions, Leigh has been the Director of Rotman’s Career Centre and our team is very excited to work even more closely with her in this new capacity!  Stay tuned for lots of exciting work to come from Rotman and I will look forward to jumping back in next summer 🙂

Why a Rotman MBA is like competing in the World Cup

Michael Moses - Assistant Director, Recruitment & AdmissionsTomorrow marks the opening of the 2014 FIFA World Cup and while 32 teams play for world soccer (football 😉 ) supremacy, something very similar is happening right here at Rotman- 350 students working towards their Rotman MBA!  Here’s why:

Multiculturalism

The world cup features 32 countries participating. The Rotman student body features 31.

Global Recognition

Competing in the World Cup opens doors for soccer players to play around the world. Similarly, a Rotman MBA opens doors for you to management roles around the world (as Rotman’s Professor Bova alludes to at 1:20 in this clip).

Nike Brand Presence

Nike is everywhere during the World Cup: They outfit 10 teams in it and the company has a 90% global market share for soccer shoes. Similarly, with Rotman as a core hiring school for Nike, come recruiting season the “swoosh” is quite prominent on the Rotman campus as well.

Group G

In this year’s World Cup, Group G is considered the toughest. Making it out of that group successfully will give teams the confidence and momentum to be strong competitors in the knockout round. Rotman’s Term 1 in the first year of the curriculum is considered our students’ Group G. Term 1 includes:

  • The following courses:
    • Statistics
    • Strategy
    • Finance 1: Capital Markets and Valuation
    • Accounting
  • Preparation for summer internship recruiting
  • Case competition season including
    • Stock Pitch Competition
    • McKinsey Case Competition
    • Rotman Risk Management Association Case Competition
    • Rotman Healthcare & Biotechnology Association Case Competition
    • Investment Banking Competition
    • Labatt Marketing Case Competition
    • Venture Capital Competition

….All at in the span of 9 weeks!

While it is challenging, come January (post-Term 1), our students too, have the confidence and moment to power through the rest of the year and land great summer internships!

Team Spirit

Soccer fans are famous for their dedication and creative costumes in support of their teams. Rotman students are no less dedicated to their school:

Rotman students cheering each other on in crazy costumes

To see this team spirit in action, check out Rotman at the MBA Games in this video.

Bonus Money

Many players earn hefty bonuses if they win the World Cup. Similarly, as you can see in our latest Employment and Salary Report, upon graduating and landing a full-time job, the average signing bonus for our newly graduated students was $13,352! And that is on top of base salary.

While we might not all become FIFA World Cup champions, our students and alumni can certainty feel that way!

Enjoy the tournament!

 

Location, location, location!

Michael Moses - Assistant Director, Recruitment & AdmissionsWhen deciding where to do your MBA, one of the biggest factors is “location:” where, geographically speaking, is your MBA campus located?

For those that might be a bit unfamiliar with Toronto, Toronto is Canada’s business and financial capital. As North America’s fourth largest city, it is quite big. However, a vast majority of Toronto’s (and by extension, Canada’s) largest companies’ head offices are located in the downtown core of Toronto, which happens to also be where the Rotman campus is located.  This brings Rotman some huge advantages for both students and employers.

Rotman’s Location Advantages for our Students

To land one’s coveted MBA internship and post-MBA job, one of the most important things MBA students must do is network with industry professionals and/or the companies they are interested in working for.

As a Rotman student, regardless of your career interest, be it finance, consulting, marketing, health care, etc., you are around a 10-minute trip away from most of the country’s largest and most prominent employers. This means all it takes is an hour break between classes to get the time you need to head to a company and meet with a Rotman alum or executive working at one of such companies. For all of you McKinsey fans, their office is actually even on the University of Toronto campus making access even easier!

When you consider as well, that our first year students do not have class on Wednesdays, an entire free day means the opportunity to meet multiple companies every week.

Now let’s examine the scenario of attending another b-school: At best, the Toronto downtown core (i.e. where Canada’s largest and most prominent employers are) is about a 1 hour and 15 minute trip away- and this is a best case scenario. When you factor in traffic and/or coming from a b-school that is a bit farther away, this becomes an even lengthier trip.

The below comparison of time commitments on a student for an informational interview (i.e. networking with one employer) will hopefully add some clarity to why location is such a huge advantage for Rotman students:

  Rotman student Non-Rotman student (best case scenario) Non-Rotman student (typical case)
Time to get to informational interview 10 minutes 1 hour and 15 minutes 2 hours
Informational interview meeting 30 minutes 30 minutes 30 minutes
Time to return to campus from informational interview 10 minutes 1 hour and 15 minutes 2 hours
Total time commitment 50 minutes 3 hours 4.5 hours

One meeting with one company takes over 3x less time for Rotman students! This leaves more time for our students to meet with even more companies, get involved in extracurriculars, polish their interview skills, etc.

You might be wondering though, in our internet-connected age, couldn’t students just Skype an employer and meet with them that way? I can promise you that for networking and landing one’s post-MBA job, the importance of face-to-face, in-person interaction cannot be understated.

Rotman’s Location Advantages for Employers Looking to Hire MBAs

Employers are very busy people with limited time for out-of-office activities (i.e. meeting students on an MBA campus). Put yourself in their shoes and consider the following 2 questions to an employer:

Question A: Can you take 50 minutes out of your day (the time to meet students + commuting time) to come to Rotman?

Question B: Can you take 3 hours out of your day (the time to meet students + commuting time) to come to (non-Rotman) school?

All else being equal, I hope it is clear which request an employer would be more likely to say yes to. 🙂 – And as a result of this, this leads to some pretty fantastic guest speakers coming on campus, from Bill Downe, CEO of the Bank of Montreal, to former Coca-Cola CEO Neville Isdell!

Hopefully this blog post helps illustrate why “location, location, location” isn’t just for retail success but is also pivotal for picking the right MBA school!