How to get into Harvard Business School - YouTube

Channel: MBA Crystal Ball

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Many MBA applicants ask us -
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‘How hard is it to get into Harvard Business School?’
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'What are my chances of getting into Harvard?'
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‘What does Harvard look for?’
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When there are tons of excellent bschools in the world, why do so many applicants single
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out Harvard Business School?
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The simple answer is – because it is Harvard!
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Harvard does not depend on MBA rankings for credibility.
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In fact, it’s the other way around.
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Any business school ranking that doesn’t feature Harvard among the top, loses its credibility.
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Among the most popular stories on our website is about an MBA Crystal Ball consultant who
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got into Harvard Business School and rejected it.
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If you’re curious to know why, we’ll share a link in the description below.
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However, his story does not get into the nuances of what it takes to get into Harvard Business
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School.
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That’s what we’ll focus on in this video.
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So watch till the end.
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Before moving on to the how-to part, let’s tackle some of the pre-application questions.
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How hard is it to get into Harvard Business School?
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The short answer is – very hard.
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Here’s why.
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Though technically Harvard University wasn’t the first to set up a business school (that
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distinction goes to Wharton), its century-long existence gave it a huge first mover advantage.
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Over the years, as a large number of universities followed suit, Harvard ensured that it stayed
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in the driver’s seat when it came to innovation and setting the bar for management education.
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With an endowment that’s among the biggest in the education sector, it can tap into resources
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that few other universities can.
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The HBS brand is super-strong not just in the education space, but also in the industry–
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in almost all fields of specialization.
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That pretty much covers the entire spectrum of post MBA opportunities.
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This means that the alumni network (one of the key takeaways of an MBA) is entrenched
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in the higher echelons of power in all business fields (and non-business streams like politics
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as well).
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All this attracts the best and the brightest MBA applicants from across the world hoping
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to bag a seat at their dream school.
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So, yes, it’s pretty hard to get into Harvard Business School.
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Which is probably why a lot of applicants want to know the answer to the next question.
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What are my chances of getting into Harvard Business School?
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Unlike the earlier question, this one can actually be answered with statistics published
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by Harvard.
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The selectivity rate for the Harvard MBA is 11%.
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The statistics may vary from year to year, but if you look at the trend, it has become
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tougher to get into HBS over the years.
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That should give you a general idea about your chances of getting into Harvard Business
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School.
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But as with all statistics, be aware of what these numbers don’t tell you.
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If you blindly assume that your chances of getting into HBS are 11%, that would be incorrect.
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There are many other factors at play that are not captured by these statistics.
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The big one being the self-filtering that happens in the applicant pool even before
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the application is submitted.
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As a hypothetical example, there may be 1000 aspirants out there who want to get into Harvard.
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But only 100 may actually apply.
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The remaining 900 may have reasons not to jump on to the bandwagon.
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Some may believe that their application fee would be better spent on other programs where
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the chances of getting accepted are better than Harvard.
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Others may believe they can wait for a year or two to strengthen their profile.
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Out of the 100 that apply, 11 will get an offer.
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It’s a simplistic example to prove a point.
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Despite the selectivity numbers, your chances of entering Harvard are not 11%.
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They may be better, or worse – depending on your overall profile and more importantly
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– your potential as perceived by the Harvard MBA Admissions team.
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Alright, with the basic queries addressed,
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we’re ready to move on to the main one.
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How to get into the Harvard Business School If you are applying this year, some of these
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suggestions (like being able to influence the undergrad GPA or industry & role) won’t
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be relevant.
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Pick what you think is useful and create your own Harvard application strategy.
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1.
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Understand what makes Harvard what it is This is an important step to understand ‘fit’
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with HBS.
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While you may not find a specific ‘Why Harvard’ essay, Harvard Admission Officers will sniff
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out pseudo-fans who have nothing more to justify the choice apart from Harvard being a top
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name.
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With some of the other business schools, if your other profile parameters are favourable,
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you just might get away by minor tweaks on your MBA application essays.
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Don’t even think about that strategy with Harvard, even if you are hard-pressed for
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time.
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Spend time trying to get a handle on the ‘average Harvard student’ statistics.
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Even better if you can search for students from your country who have attended Harvard.
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(Tip: LinkedIn is a good source) If you aren’t coming close to them, there
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may be a message for you – to re-focus your energies on other bschools and not be devastated
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when you hear back from the Harvard admissions team.
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Try to visualise yourself as a Harvard student and what you’d be expected to go through
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in those 2 gruelling years.
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For instance, consider the primary weapon in their academic arsenal – the Case Study.
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Read more about how Harvard Business School uses the case study method.
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Also, be aware of the grading practices at HBS.
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It’s a bell-curve rating where you’ll be pitched against your peers.
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Class participation could influence half those grades.
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So if you are an introvert, depending on how you can adapt to the environment, either you’ll
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come out majorly transformed or completely crushed.
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After you’ve done the data collation, research and visualisation, ask yourself –
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“Is it a pretty picture or scary?”
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Step 2.
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Ensure you have stellar academic statistics The world believes Harvard is a machine that
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churns out business leaders who are also highly technical.
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While HBS probably enjoys hearing that, the truth is an MBA degree cannot do what an undergrad
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or bachelors degree can i.e. improve the technical skills of its students.
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So, Harvard relies on a filter system that squeezes out the best technical brains in
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the applicant pool and trains them on business.
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If you notice, a large number of Harvard students have a technical or engineering undergrad
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background.
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From an Indian angle this means, many have an engineering degree (and being an IIT graduate
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doesn’t hurt).
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And then adding some icing on the cake – think about all the leadership positions you held
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on campus.
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And then put a cherry on top of it – like a high GPA or gold medal.
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Don’t be fooled by stories of low GMAT scorers getting into Harvard.
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That generally does not happen with applicants from highly represented countries like India
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and China.
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Harvard’s median GMAT score is 730.
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The range of GMAT scores is 580 – 790.
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With its huge batch size, HBS relies on Indians, Chinese and other high scoring demographic
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pools, with high scores to offset their decision of taking in low scorers.
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Step 3.
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Get into the right industry and role before applying
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Being a branding success story, HBS knows the value of how brands work.
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One in four students at Harvard has been a consultant at a top management consulting
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firm such as McKinsey, Bain, BCG.
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What if it’s too late for that?
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What if you are not in the consulting industry?
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Well, you still have those 3 seats (out of 4) to compete for.
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But the primary rationale doesn’t change.
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Take any other field and find out the market leaders who are known for their stringent
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employee selection process.
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Google in technology, Goldman Sachs in investment banking, Carlyle in private equity are some
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good examples.
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In certain industries, the milestones are pretty fixed.
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For example, if you join a consulting firm as an analyst immediately after your engineering
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degree (lucky you!), you’d be expected to move out for an MBA after a few years.
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For other industries where this is not the norm, show your role progression and increasing
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quantum and complexity of the responsibilities you’ve handled.
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Show the admissions officer at Harvard that this is not your first trial by fire.
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Step 4.
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Present yourself as a Leader Remember the earlier point about HBS not being
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able to churn out technical wizkids, seems like there’s not much that they can do about
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creating leaders magically in 2 years either.
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But the impression that Harvard graduates are highly-skilled leaders still sounds good.
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So, they extend the filtering to include those who are already leaders.
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If that’s so, why would someone who is technically savvy and also a born leader, try so hard
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to get into Harvard?
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Because the doors that can open for them after graduation can be bigger, grander and more
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lucrative.
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Who wouldn’t want that?
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Show them that you not only have the achievements of a leader but you can communicate as a leader
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too.
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Use your essays and interview to do this.
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Step 5.
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Apply in your mid-twenties From the previous point on leaders having
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a better shot at Harvard, it may seem as if the folks with all those achievements might
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be close to retirement.
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But from the statistics on the Harvard MBA admissions page, seems like that’s not true.
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HBS students are actually younger than the students at the other Top 10 MBA programs.
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The sweet-spot for applying is when you have around 3 years of experience after graduating.
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The more experience you have, the lesser your chances of getting in.
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There may be exceptions to the rule, like MBA applicants from the army / military or
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you have a strong masters or doctoral degree that skewed your experience-to-age ratio.
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If you are thinking, “All this is fine, but it can’t be a universal formula to get
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into Harvard” then you are absolutely right.
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These tips are purely based on the typical profiles that you see at Harvard.
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If you do a comprehensive analysis of Indian / Chinese / African / American students who’ve
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attended Harvard Business School, you’ll find many who don’t have a top degree from
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an ivy league university or IIT or any well-known college across the world, who aren’t from
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consulting and who don’t have a high GMAT score.
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Try to analyse what it was about those profiles that may have got them a seat at HBS.
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After all has been said and done, keep in mind that Harvard is not the only good business
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school out there for you.
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In fact, when it comes to ‘value’ there are many other bschools that are much better than
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Harvard.
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In a few years, you may realise you were chasing it only because of the brand.
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MBA graduates of other programs are equally capable of changing the business world too.
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If you need a little help with your Harvard MBA application or for any other elite MBA
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program, drop us an email.
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For all we know, your mentor might be the top consultant from MBA Crystal Ball who rejected
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Harvard.
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Good luck to you!