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College Expenses Piling up

Columbia Business School Interview (cont'd)

What role does the Hermes Society play in the admissions and recruitment process?

A very, very active one. They are the student branch of the admissions office. They answer e-mails, conduct some interviews, talk with visitors in the admissions office, and host visitors for class or just a chat. If you are visiting for the first time, utilizing the Hermes Society is a lovely and formal way to be introduced to campus. But a nice thing about Columbia students is that you can stop anyone in the hall to ask questions about the program. The Hermes Society is a way of making students easily available to people who are interested in our program.

Do you have any advice for applicants who may be deciding between the regular two-year program (September) and the accelerated program (January)?

We have had the January program for 30 years -- but, interestingly, people sometimes think it is new. Maybe it was the best-guarded MBA secret, and now the word is out!

It was originally designed for companies who wanted employees to have the benefit of a full MBA program and then return to the company. That is why it was designed without an internship. But it has evolved over time, as more and more people have become interested in entrepreneurship. So if you are staying in the same career or industry and your network is strong, or if you are starting your own business, January is a great fit.

It is the same [MBA] program, just without an internship. Students are integrated with the two-year program through electives, but also go to school in the summer. Many find this wonderful. It is very casual, and they are the only people here. It is also appealing for international students. The profile is even more international than for the September program, which was 32% international this fall. (Last January’s class was 42% international.)

The [January] students are bit more focused and may have a little more work experience. That is not necessarily what we are looking for, but it is reflective of who applies.

It is a fabulous program if you’re in a hurry and don’t want an internship. If you are looking for a career change, though, the September program is for you.

Can you provide some insight into the timing of, and difference between, the Early Decision deadline vs. the January deadline for the two-year program?

Sure. The reason we have rolling admission instead of rounds is that we have two dates of entry – September and January. I wanted to figure out a way to read some September applications earlier, while still keeping the pool relatively small. If we got flooded with early applications for September, I could not keep up and also read applications for the January class. That is why we implemented the binding Early Decision option. It keeps the pool relatively small, because not everybody is ready to make a commitment to coming.

So that is the strategy behind the deadline. I hear that people on websites talk about how Early Decision is all about yield. This is not true. It has nothing to do with yield. It has everything to do with managing our application flow while ensuring responsiveness to applicants.

I wanted to get applications for September to come in earlier, but not to get so many of them that we could not turn them around in 10 weeks. We are on the road recruiting in the fall, and we are reading at the same time, whereas our peers aren’t. Also, we start reading applications for January entry in July to try to get a jump start on those, because processing visas has become a time-sensitive issue.

We don’t want anyone to apply for Early Decision to try and hedge their bets. Applying on the early side of Regular Decision accomplishes that just as well. Early Decision is an ethical commitment to us. We reserve the right to rescind offers if we find people are not living up to what we feel is appropriate behavior.

What is the timeframe for Regular Decision applicants to receive decisions?

In order for people to be realistic about when they will get decisions for Regular Decision, we tell them when we will start reading. Decision releases are guaranteed within 12 weeks of that date. But ‘within’ can also mean sooner than 12 weeks -- even as soon as 4 weeks! But then people don’t think we read their application carefully. Actually, it just means that we started reading it earlier.

If we turn things around too quickly, people think we did not pay enough attention, and if we take 12 weeks, people think their application was lost! Please do not worry – we work very hard to try to make this work for everybody.

If someone sends their application in before winter break, is there a chance you might read it before January?

Depending on when they send it in, and on how many applications we receive, it is more than likely we would start earlier. We read applications in the order in which they are completed, so that completed applications that come in as early as September or October can be reviewed earlier.

But we will not start releasing decisions that early! Decisions will still not come out until after the published January reading date.

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David's Corner

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