- So, hey guys so far we have learned a lot
about MBA in the US.
Like school, salary, package, etc
But today we will be mainly learning about
MBA at Harvard because
that is recognized all over the world.
approximately, every student has this dream
to switch their streams from
engineering or IT job because they get bored
and Harvard pretty much changes the game because
that's like one of the best university for
MBA in US. So without any further ado.
Let's get started.
[music]
The reason why I'm making this video
is to tell you that Harvard, MIT
are Universities which
do not take slow workers and give fast workers
Arpit correctly said that in the MBA US video
that they take in hard- workers and give hard-workers
So that's why I want to show you the average profiles of
Harvard students
what qualifications do they have
and how their profile look like
which make them eligible to be at Harvard.
So first of all, I want to share that this information
is once again connected with the help of Shresth
So he got into NYU. He also applied to Wharton
so he's eligible to give you some counselling.
So here's his number. You can definitely ping him anytime.
So looking into the MB class of 2021
You can clearly see that around 10,000 students apply
and around 900 to 1000 students get accepted
So it means that acceptance rate is around 10%
So it's fairly easy. No, that's absolutely not true
Because Harvard is one of the most difficult business school
to get into.
there way above average
Students are applying so you have to be like so
smart to even consider applying
so that's why you cannot even consider applying
if your profile is not as good as the one
I am showing. So you can clearly
See that Harvard is pretty diverse
You can see students from all around the world
and as compared to MIT, I noticed that
Like Asians are dominating because it is like STEM heavy
institute, but that's not the case at Harvard
So now let's look into the tuition fee at Harvard.
So as we have already talked about in
Georgetown University, so when I visited there I found
out that most of the students are paying around
$160,000 to
$200,000, after scholarship
$100,000 but at Havard, one year tuition fee is around
Hundred and ten thousand dollars and if you have to multiply
by 2 because MBA is usually finished in two years. So
$220,000 so that becomes more than around
1.5 crores, so it could be around 1.8 crores
So that's way too expensive,
but you don't have to worry a lot about it
You know, why because they will be giving a need place
Scholarship or fellowship depending on your income, etc.
depending on your saving and according to those limits.
You can maybe get like around $40,000
but very very expensive or 80,000 for a two-year program
So that's why a lot of students applying to Harvard
end up with a debt of around-
- you can clearly see that average
Harvard education debt is around a hundred thousand dollars.
So it is a lot. So now getting back to the profile
So the first important step to apply to Harvard is your GPA.
so average GPA from US
Institute's is out of four
so out of 4, you should have a minimum 3.7
but in India, the GPA is out of 10
So you should give importance that in u.s
It is very easy to get 4.0 GPA four out of four
because I also have a 4.0 GPA but in India
It's way more difficult
So there an average IITian gets a 9.2, etc
So due to this reason, if you have if your GPA is like
close to eight, it should be good
So you should be qualified to apply and if you cannot
meet the requirements you can definitely compensate with your GMAT score
so moving on with the
education majors so you can clearly see that there distribution
is even now because in MIT students go for STEM.
But here you can see econ or business majors
also stem and humanities.
So overall it is very diverse
So no matter what you're studying right now in your undergrad.
You can definitely consider applying for MBA later on in your career
So moving on with the minimum years of experience
for Harvard. I have seen in India
in IIMs, ISPs
Average two to three years with the end experience,
but Harvard has 5 years average
there can be less or more. So no five years of work experience means that you will not be eligible
For need-based scholarship or need-based favour at Harvard.
Because if you work in the US for 5 years
you can probably save around $200,000
to
$250,000 if you are spending it wisely
But if you are applying from India, you could not do the same
So if you are working in the US
so it will be easier for you to pay
as compared to in India
and here I noticed that
The industry is pretty much very diverse as well
So you will see 15% consulting or 16% venture capital
so it is not that
Mainly engineering students or are coming from an IT job.
so you will see a very diverse class in Harvard
So that's a great thing
but I noticed in IIM and ISP that
the class is filled with IITians.
and a lot of engineers
so here you will get a lot of diversity
So moving on to the next important step
that is GMAT score
It is kinda similar to GRE
because it has quant and verbal section
But before you even get confused by these
score ranges. Because you would think that
if your score is in this range, then I ma applicable for Harvard
But that's not true because this score is relative
So if you see at this chart, so this chart kind of simplifies
because our GMAT score, is out of 800
So this chart kind of converts
that so if your verbal score is around
42+, that makes it 95 percentile and if your
quant score is about 50+
that will make you 94 percentile
so 94% means that you are performing better than
94% of the people who took the test
it means that if 100 people gave the test and if you get 95%
you have performed better than 95
So that's what they want because average
average students applying to Harvard for MBA are
95 percentile or even higher
so usually your quant score should be 50-51 that is close to a hundred percent and
Your verbal score should be 42 plus that is also very high
So you have to work really hard towards your GMAT test
So now going back to the score ranges
You can once again clearly see that GMAT plus GPA
is an integral part of your application
so if both your scores are not good
There's a possibility that they will not even open your application
because if both the scores are good, you will approx get 50%
chances increased to get an invite to be interviewed at Harvard for MBA
so you have to pay a lot more attention
Towards your scores and grades
So now moving into the feeder companies
so from which companies are students going to Harvard
so the most popular company is
McKinsey and company
and I found it interesting that
from UBER 11 students are going
Compared to 22 students going from Facebook, Netflix, Google
it would be due to high satisfaction levels
there that they don't want to go for MBA or whatever reason
so it means that if
you are in the top three consulting companies
or you have some consulting companies experience?
Then you have more chances of going into Harvard for sure.
So looking into some popular university students in Harvard
So I was surprised to see that IIT is in the list
not just in the list
But also above some Ivy League schools like Cornell and Brown
So it was a bit shocking that
but then I digested the fact because MIT also accept IITains in majority
So it's kind of true for MBA students and Harvard as well
But its clear that if you are form IIT or these top 10 schools
your chances increase. But that doesn't guarantee
admission because they also look into your overall profile and your
personality, so that's why you have to show that you have a great personality in your essays
and that can be shown with these three
Main characteristics or you can say these ten grades
So they also look how you have shown integrity in your company
where you worked for telecom. How much impactful have you been.
for example, if you worked in Google if
If you have done a small project here
So that will not be as valuable
For them as compared to a work in a startup company where
you increase 10% stocks to 100%
or else
from 10 dollar stocks to a 100 dollar stocks
you have done, so that's a bigger impact as compared to
a minor impact in the Google
So these things are important
and also creativity, community spirit
These kind of traits are also very important
which you can show with some like extracurriculars
you can show that you are involved in your community
and how much other things you do other than your work?
So you have to perform the
work-life balance
meaning, you are balancing both sectors
and doing something for your community
for example, increasing the community or
For example, you may have done some volunteer experience like growing trees in a community etcetera
So this results in community bonding and involvement.
So now finally if you feel that your profile is good
You can finally consider paying 250 dollars
To apply to Harvard because it's very expensive
because I have seen that
MBA applications are very extensive
and are above $100
for masters it is $100 but, for MBA it is very expensive
So you should not take risks, if your application
is not competitive
But now if your application is competitive
You can finally work on your essays and letters of recommendation
So for a letter of recommendation, I will give 2-3 tips
it has to be general like
like some letters of recommendation are generic that have only compliments
So you can also
take advantage and stand out in the crowd and write some flaws about you
write how from your flaws you overcome the situation and made it appreciable.
how you still have flaws, and how you are still working on it.
So you can show these things that is different from like
generic letter of recommendation and also some Harvard MBA essay tips
So I will leave this link in the description below
All the essay questions are given so you can read them and see
how an Harvard MBA essay looks like
from this, we get an overall understanding
they want to see that you not a robot not just showing
that I was an engineer and got bored
and want to change my position
You have to show more that
being an engineer, I tried being a project manager
But you couldn't do so. So you want to gain the skills to be at Harvard
so that you can become a better project manager
so that you can change your field. So if
you want to change to managing, you can mix your journey with it.
and you can show it in a more exciting manner.
that how you faced challenges
And so that so a lot of questions are answered here so you can definitely go over it
And then finally, I hope you will be interviewed at Harvard
because getting interviewed is a big thing as well
The interview acceptance rate, I think is 60%
because everyone, does not get the chance to get interviewed
and the interviews are quite tough
So I wish you all the best. I hope this video helps you out
So thank you so much for watching and
definitely even considered taking
Consulting from Shresth and his number is in the description below
and I will see you guys in the next one.
Good-Bye
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