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BW-online: Michigan State's Team Spirit
Esmeralda Cardenal is director of MBA admissions at Michigan State's Broad Graduate School of Management. Cardenal became head of admissions in February, 2003, after working in MBA admissions at the Yale School of Management, where she was also associate director of minority and student affairs
Cardenal is currently earning her MBA from Michigan State's weekend MBA program. She earned her bachelor's degree in business management from the Franciscan University of Steubenville in Ohio. On Jan. 12, Cardenal talked with BusinessWeek Online reporter Mica Schneider about this year's recruiting season at the Broad school. Here are edited excerpts of their conversation:
Q: What inspired your move to Michigan State from Yale? A: When I first interviewed for the position, I wasn't that sure that I was going to make the move. But when I saw the campus and did more research about the program, I thought it was going to be a pretty neat challenge. There's a lot of openness here and acceptance of new ideas. It's a small program that's improving every year and becoming a top MBA program.
Q: Why did the full-time MBA class size decrease by 9% last year? A: First, we wanted to be focused on our strategy, which is to be very selective. We wanted to increase the average GMAT score and keep the percentage of domestic students high. We were aware that would mean a sacrifice in class size.
Also, we usually enroll between 100 and 110 students each fall, so having 97 students was just 3 people below that usual figure. Three people asked to defer, which is why we were down.
Q: What's the reasoning behind Broad's policy of keeping its domestic student population so high at 70%? A: The strategy and mission of the school is geared toward the U.S. market. The 70% U.S. and 30% non-U.S. split is the norm at most business schools in the U.S. In general, U.S. schools are more local than European schools.
We recognize the challenge, especially with the current economy, of placing international students in jobs. But we want a diverse class, and we have an abundance of resources for international students. For instance, one member of our career center staff is dedicated to helping international students get jobs in the U.S.
Q: How has MBA application volume been this season? A: This year I bumped our first-round deadline up by one month, to Nov. 15. Despite that, we saw a 20% increase in applications in the first round. It's too soon to predict how the rest of the year will be, though historically our second and third rounds are the strongest.
Q: Why do you think applications rose so high, especially since peer schools haven't reported similar rises? A: We did a couple of new things this year. First, we changed all of our publications and revamped our Web site and view books. We also have a lot more personal contact with prospective students. We've added student diaries, and we host periodic online chats. We've also increased our initiatives to attract women. We also have a new supply-chain management lab, some new faculty members, and a new MBA curriculum.
I wanted to increase awareness of the school outside of the Midwest, so we signed up for the BusinessWeek calendar and we have 21 events scheduled there at all times. That has brought new people to our events. All those things together got more people to apply.
Q: With more applications to review, how competitive will MBA admissions be this year? A: Comparing our first-round data to past years, I see higher-quality applications. We were able to admit a good percentage of the class already -- about 30 people for a class of 100, that's a lot. Last year, we had admitted just a handful from the first round. I'm really surprised to see the kinds of people who are applying. I hope that will be a trend for the year. The second deadline [was Jan. 13], and we're swarmed.
Q: When's the best time to apply? June 1 is your last application deadline. What percentage of your class will be filled by then? A: Everyone in admissions can tell you that the earlier the better. But wait until your application is ready. Don't sacrifice the quality of the application by rushing to get it in early. Once you submit it, that's it.
By June 1, usually 90% of the class is filled. If you're looking for financial aid, apply by March at the latest.
Q: What are you doing to increase Broad's yield (the share of admitted applicants who enroll) of 40%? A: We had a slight decrease in yield this past year. Some people decided to work for another year because they didn't feel confident quitting their job to go to school.
We're trying to stay in close touch with admitted applicants from Day 1 so that we know what they're going through, and we have a student and an alumnus follow up with them. We want to know why they would decline the Broad School. If it's for personal reasons, there's nothing we can do. But if it's a career concern, we try to help them come here.
Our career-services office starts working with them from the moment they send in their deposit, instead of waiting until they arrive for classes.
Q: What makes an applicant a good match for the Broad school? A: We look for someone who has exercised leadership in the past and who will be a leader in the program. We want someone who's enthusiastic about themselves and the world. Also important is someone who is able to work in and manage teams. We want someone to take advantage of our resources, such as TeamLab, and to take courses on team leadership and management.
In those classes, we teach MBAs how to form and manage teams. For instance, in a new elective course on teams, MBAs get to hire business undergraduate students, train them, get feedback from them in 360 surveys, and even fire them.
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