Harvard Business School Gets Younger
Posted on September 17th, 2007 in Uncategorized | No Comments »

(Source: Harvard Business School)
College seniors apply to law and medical schools and matriculate soon after graduating. But with business schools-at least the top ones-students have historically had to work for a few years before applying. B-schools want their students to enter with some modicum of practical experience.
Things may be changing. Witness the new shift at Harvard Business School, which will now admit college seniors on a deferred-admissions plan.
From InsideHigherEd:
You'd be hard pressed to find it written in most business school literature, but common wisdom says the successful M.B.A. student has five years of post-college work experience. While 26 or 27 remains the average age of entering students at many top programs, business school officials are looking to shatter the myth that there's an age associated with the model applicant.
In a move meant to deliver that message, the Harvard Business School last week unveiled a deferred admissions program that allows applicants to be considered while they are still undergraduates. Rising college seniors who are admitted through the 2+2 program, as it is called, will enroll in Harvard's M.B.A. program after working for two years at a company or organization that has agreed to participate.
"Our message is apply when you think you're ready," said Carl Kester, deputy dean for academic affairs and a professor of finance at Harvard Business School. "We are concerned that interesting and outstanding students are being fast tracked at jobs and are not considering business school until reaching a certain point in their careers. We said, 'What if we opened up a channel to resolve that uncertainty?' "
The program, part of an early-career initiative begun by the business school several years ago to attract younger applicants, is taking aim at students who might not otherwise consider a business school education - such as those who major in fields that aren't business school feeders, Kester said. While the school wants more diversity of age and experience, it isn't expressly addressing race or gender with its new program.
While it's rare for Harvard Business School to admit students straight out of college, already about a third of its entering class consists of students who are 25 and under and most likely have three years or fewer of work experience. The expectation is for up to 10 percent of the school's incoming class of 900 students to be admitted through the deferred track. The first round of applications will come next summer, and the first class will begin the program two years from now.
Google and Teach for America are among the employers that have already signed on as recruiting partners, and Harvard is looking to make arrangements with roughly 100 businesses, including a mix of consulting firms, banks and technology companies. Students can choose their employer but still need to arrange an interview and formally apply (and be hired) for a job.
During the summer between the first and second year of work, Harvard is organizing an orientation and business skills program for the admitted students. A career coach also will be assigned and have light contact with students during their two years of employment.
The idea of courting motivated students to business school through a deferred admissions program isn't entirely new. In an effort to increase diversity among its M.B.A. student pool, the McCombs School of Business at the University of Texas at Austin already has a similar arrangement in which six corporations agree to take on admitted students for three years after they graduate college, after which time the students start school.
David A. Wilson, president and chief executive officer of the Graduate Management Admission Council, said he applauds Harvard's effort to bring more diversity to its business school class, in part because it shows that the school is willing to bet on students who are clear on their career goals.
"What they've done, effectively, is said, 'We're going to find some of the brightest students and make sure they get two good years of experience,' " Wilson said. "Often when someone starts a job it may take four years to get one good year of experience."
So if you're considering business school, start planning earlier.



