How to apply to HBS as an Indian

Hari is an admissions expert at Ivy Admissions Group. He attended graduate school at Stanford, Harvard Kennedy School and Harvard Business School despite despite not coming from a well known school in India and advises clients on how to do the same.

Hari is an admissions expert at Ivy Admissions Group. He attended graduate school at Stanford, Harvard Kennedy School and Harvard Business School despite despite not coming from a well known school in India and advises clients on how to do the same.

Over 9,000 people typically apply to Harvard Business School ever year, but only about 10% matriculate resulting in a class size of about 900 students. For Indian candidates, the situation is much more challenging. While Harvard Business School does not publish detailed incoming class details – it is known that Indians are one of the largest groups on campus with about 50 students every year. The South Asian Business Association is the hub of Indian activity on campus and the annual Bollywood night is something that the entire campus looks forward to.

It is reasonable to assume that there at least a few thousand applicants from India every year resulting in an acceptance rate of 1-3%. So, what makes that 1-3% of student so special?  Based on our years of experience working with Indian candidates and several members of our team having gone to school there here are our thoughts.

Table Stakes to be Considered

It is clear from the HBS website and that there are some minimum table stakes you need to meet in order to gain admission 

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GPA/GMAT/GRE: How does the average GPA of 3.70 translate to an Indian context? There is no easy conversion mechanism and the admission committee understands an 80% from Mumbai University is much more challenging to achieve than an 80% from a less known university. IIT students that were admitted typically had a GPA of greater than 8.0 on a scale of 10. A large portion of the Indian students at Harvard went to college at prestigious institution such as IIT, BITS, NIT etc. However, there are also students who went to arts college and other not-so-well-known institutions. The median GMAT score for the class of 2021 is 730 and the median GRE verbal and quantitative scores are 163/163.  However, this belies the fact that Indian students typically achieve higher scores on these standardized tests. 750 or 760 is a standard score that we come across for successful candidates

Work Experience: The average years of work experience is 4.7. This is true also for Indian candidates. Most Indian candidates that we have worked with have at least 3 to 4 years of experience at a minimum. It is also pertinent to note that students in India matriculate and complete college at an earlier age than American counterparts. We often hear enquiries from students who would like to apply after 1 or 2 years of experience. We strongly encourage you to wait for a few years to have a stronger profile before applying.

Previous Industry: HBS does not care which industry you came from pre-MBA. A disproportionately large portion of the Indian students at Harvard have an engineering background – and this is likely driven by the pool of applicants and not any choice the school makes.  The previous employers of Indian students are from the usual well-known consulting, finance, banking and other leading blue-chip firms in India (ITC , Tata group etc.). Having said that the school does look for diversity and we see candidates who work in nontraditional industries also successful make it to Harvard.

But I was a gold-medalist at IIT, and I worked at BCG and Sequoia – why did I get rejected?

A quick perusal of MBA forums will reveal candidates from India posting their incredible stats and profiles – including their 800 GMAT score, along with their rejection results from Harvard.

What will put you over the top

Here is the truth – there are way more people who apply to schools like Harvard Business School and meet the minimum table stakes than there are spots. Especially for Indian candidates as we alluded to earlier the acceptance rates are likely 1-3%.  What sets apart those who get accepted and those who do not?

One factor is of course standing out from the pool of candidates with a unique set of achievements in your chosen field or Industry. We have also historically seen candidates with less impressive stats but meaningful leadership experiences in uncommon fields make it to Harvard. But there is one other key ingredient we have seen that helps candidate stand out in the pool.

Ivy Admissions Group originally started out by helping Waitlist clients, and over the years we have had the opportunity to see hundreds of profiles that clearly meet the minimum table stakes, but were missing something to push them into the accepted zone. What we’ve been able to figure out is that special ingredient that moves the application from Waitlist -> Accepted. What is that special ingredient? Narrative. It’s a simple word, and quite frankly, a simple concept. But it is often misused, forgotten, or implemented haphazardly. A narrative is a story arc that connects your personal inspirations and motivations to your career aspirations. In the case of an MBA application, a personal narrative will inform the admissions committee how you ended up on your current life story arc, show where this arc will take you by projecting it into future, and then argue why business school is the logical next step in your career because it is the perfect bridge to connect the two. Why are you better positioned to use an HBS MBA to solve the world’s important challenges and another Indian candidate whose resume and profile look remarkably similar to yours?

It is crucial that your personal narrative be authentic and reflected in every component of your application, something that takes a lot of deep personal introspection and reflection. For many people, this is a struggle, and it can help to have an objective third-party work with you to try and distill your personal narratives.  If this is something you might need help with, please feel free to reach out to discuss.

Even more actual interview questions from HBS

HBS Interview

Perhaps the most feared and intimidating interview in MBA admissions is the one at Harvard Business School. That’s true for several reasons.

First, unlike student or alumni-led interviews, where the interviewer reviews your resume as you hand it to them, the HBS Admissions Committee comes dangerously prepared. The night before they carefully review each resume, looking for inconsistent themes, odd career transitions, vaguery to clear up, and anything they happen to find interesting. They then write up a list of pointed questions and prepare to deliver them rapid fire over the course of their 30 minutes with you.

Second, the interview is a meta-test. They want to see how you look and sound under pressure and if you will be able to hold your own in the heat of a case discussion classroom.

Third is the professionalism of the experience. You’re interviewing at The Harvard Business School and everything from the vaulted ceilings to the precise schedules will make you feel like it.

Educational Background

  • I see you got [achievement in undergrad]. Where did you get your great work ethic? Was it innate or learned?

  • What did you learn in undergrad that you liked and still use?’

  • What was missing from your [degree]?

Company Questions

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  • How is your current company currently winning in the market?

  • What could they be doing better? 

  • What function does [your group] play for the firm?

  • What do you think is keeping your CEO up at night?

  • What do you think the CEO could do to prevent that?

  • Do any firms do that?

  • Tell me about the investment thesis of your PE fund.

Professional Performance

  • What is an example of a deal where you delivered [kind of insights we were discussing]?

  • What has made you successful at your job? (e.g. promoted early) 

  • How do you deliver insights to the client beyond the basics? 

  • Tell me about a time when the data pointed in one direction and you decided to make a recommendation that went in the other direction.

Industry Knowledge

  • Who is your company really competing against? Just other [obvious group of competitors]?

  • How can they continue to compete effectively? 

  • What is [this kind of company you invest in]? Tell me something about the [industry of that company]? 

  • For a management consultant: What’s something else you learned from a company you were exposed to through work?

  • What do you mean by [basic industry jargon]?

  • Explain that concept to me as if I am 10 years old.

Personal / Leadership Style

  • What’s a piece of feedback you got from a superior? How are you working on that now?

  • What kind of leader are you?

  • When did your interest in [thing from personal section of resume] start?

  • How does [specific experience from childhood covered in personal essay] influence your work and perspective today?

Future Interests

  • What company do you admire in [desired post-MBA field]? 

  • What about [ethical challenges in that company/ industry]?

  • Why do you need an MBA to make that transition?

  • What is something [a company you admire] could do better? 

  • Have you visited HBS before?

  • How do you hope to grow at HBS?

  • What do you hope to do after business school?

  • What else do you wish we talked about?

Wharton announces new Full Tuition LGBTQIA+ Scholarship

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With Pride Month, the Wharton announced the creation of The Prism Fellowship, offering a full-tuition scholarship to one outstanding LGBTQIA+ student admitted to the Wharton MBA Program. The program was established by Jeffrey Schoenfeld, WG’84, a partner at Brown Brothers Harriman.

As noted in the press release: “We recognize the power of bringing a range of experiences and perspectives together to foster an inclusive MBA community focused on making a positive impact on the world,” said Wharton MBA Admissions Director Blair Mannix. “[The inaugural holder]’s strong leadership, collaboration and analytical skills exemplify what the fellowship represents, and we are thrilled to welcome him into our vibrant, supportive and dynamic community this fall.”

“As one of very few ‘out’ MBA students entering Wharton in 1982, I truly marvel today at how far LGBTQ recognition and integration have become embraced by the broader business community,” said Schoenfeld. “I am also mighty proud that Wharton has emerged as a leader in building the most diverse class among leading U.S. business schools, and feel privileged to support LGBTQ student leaders through their MBA journey.”

How do MBA scholarships work?

Most MBA programs have a wealth of affinity or merit-based fellowships. Most are virtually unknown to students and applicants alike.

Some programs are stand-alone entities with separate applications for applicants to submit, usually before they are even admitted to the MBA program. These programs are generally University-wide — such as the Knight-Hennessy Scholars program at Stanford GSB — and come with a lot of networking and programming on top of the financial aid. Others do not have applications (or not public ones) and also have lots of interesting programming on top of the MBA — such as Booth’s Distinguished Fellows Program.

The vast majority of the MBA “fellowships” are strictly for financial aid (with a possible meet and greet with the donor as well). Scholarships are available for every reason from the student’s country of origin to whether you participated in the Junior Achievement club in High School. In most cases, the admissions committee will automatically consider every applicant for programs to which they qualify and will award the fellowships to the one student that they believe poses the best fit (or may yield to another school absent such a financial inducement).

How can I earn this fellowship?

Wharton’s press release makes clear that its program falls into this last category: “Prism Fellows are selected by the Wharton Fellowship Committee based on their leadership qualities, community impact and personal essays submitted with their MBA program application.” In essence, your application essay is serving double duty — it needs to get you admitted, but it also needs to help you stand out in a way that the admissions committee can show to fellowship donors and make them feel great about their investment in student aid.

The key is to use the science of public narrative. Humans are naturally wired to empathize with one another, and by using a small story about an emotional personal experience, an applicant can make a big statement about society and the way they want to improve it. That’s why fundraising appeals for child hunger on TV often tell the story of one individual girl. People naturally want to assist leaders who can show how they are called to perform some specific service in the world and can articulate how their whole life and career has been driving towards that change in a single narrative arc. That’s what every wannabe congressman and Shark Tank entrepreneur already knows before they make their pitch to their audience. If you want any chance of earning one of these scholarships for yourself, you need to do that same analysis on yourself as well.

Breaking News: HBS is Full! - What that means for the waitlist

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As the COVID-19 pandemic decimates the economy, pushing the American unemployment rate into the 20%+ range, we predicted that the yield rates as business school would skyrocket. With Harvard Business School’s announcement to candidates on the waitlist today, we see that is exactly the case.

In general, business school admissions rates are counter-cyclical: when the economy is good and attractive employment options are plentiful, many potential applicants would rather keep climbing up the ladder at work than forgoing earnings to go to business school for two years. Conversely, when the economy is bad, many applicants on the fence see the benefit of getting out of the job market (where their wages may stagnate anyway) and bolster their resume with a name-brand MBA.

As the saying goes: “any port in a storm.” And what a storm we are in.

Why Is This Surprising?

Today Eileen Chang, the HBS Admissions officer overseeing the waitlist announced that at this point, incoming HBS class is full (see letter below). Normally HBS always accepts candidates off the waitlist in early summer as admitted students change their plans, choosing to stay at work, switch jobs, matriculate at another school, or serve out military deployments. This year, that didn’t happen. Instead, anyone who could get into HBS put down their deposit to attend.

Many were caught off guard as the blogosphere opined that many students would not want to matriculate if there was the potential that business school would be held online (at least at the beginning) or that many international students would have a hard time securing visas in the present environment. Those things certainly diminish the value of business school, but in short the smart money is betting that things are going to get far worse in the economy to make those sacrifices worth it on balance.

“The Class of 2022 is currently at capacity.”

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It’s Eileen Chang with a process update before we head into Memorial Day Weekend here in the U.S. 

Many of you submitted updates to your application earlier this month, which were helpful in giving us a more complete picture of where you are right now in your professional and extracurricular activities. For those who did not submit an update, we assume that the information we have for you continues to remain current. Thank you all for your continued interest in HBS.

We first want to share with you that the Class of 2022 is currently at capacity. At this time, we are not able to make any additional admissions offers. However, incoming first year students have until June 1 to let us know if they will be taking the deferral option mentioned in my last update, which may open up spots in the Class of 2022 at that time.

If there is movement in the class in early June, I will send another update at that time and provide more information. We are aware that a number of you have other options to consider and that waiting for a decision from HBS is not feasible given the timing outlined above. If you wish to remove yourself from the waitlist to pursue another option, we certainly understand. Simply send me an 
email and I can remove you. 

We are grateful for your patience with our process and will be in touch in early June with more information.

Sincerely,
Eileen 

What’s Next?

Normally, the story would end here and everyone on the waitlist would be released.

But this year, all is not lost. Harvard Business School has given admitted students until June 1st to elect to defer their offer of admission to a later year, something it almost never does. While students can express a preference to return in one or two years, the challenge is that they may not get the option they desire. Business School students are notoriously risk averse students may now have a choice if they defer one or two years

IAG Review: Interviewee admitted to HBS

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“I'm so grateful to have found Ivy Admissions prior to going in for my HBS interview!! I ended up doing a 2 interview package and was able to do each interview with a different consultant (Nate and Anna) so that I could practice the feeling of being nervous and delivering concise answers. Because of the wide range of directions the HBS interview can take, getting to do more than one interview practice was critical for me to work on thinking on my feet under pressure, while structuring my answers effectively for the listener. The combination of the two mock interviews I had was very close to my actual interview questions, and Anna also had prepared me a full list of customized questions to prepare for based on my application package. To have the opportunity to build my confidence prior to going into the interview, as well as get feedback on my delivery and responses, was truly invaluable and critical to my admission. Thank you so much Nate and Anna!! “

- Female, Big Four

Purchased: Interview + Reflection Package (with extra interview)

How to get into Harvard Business School

Over 9,228 people applied to Harvard Business School in 2019, but only 10.2% of applicants matriculated, resulting in 938 students for the HBS class of 2021. What is the difference between the applicants who were offered a spot and those who were rejected? What can you do to make sure you are one of the lucky people who gets into Harvard Business School?

Harvard Business School HBS

Table Stakes

It is clear from the HBS website that there are some minimum table stakes you need to meet in order to gain admission into Harvard Business School.

GPA/GMAT/GRE: With an average GPA of 3.70, you probably shouldn’t be too far under a 3.5 if you want a decent shot at admission. The median GMAT score for the class of 2021 is 730 and the median GRE verbal and quantitative scores are 163/163. We tell the candidates that we work with that once you have higher than a 710, you don’t need to worry about retaking the GMAT, although if you have a very low GPA, a higher test score will help you. We like to use this website to calculate the GMAT equivalent for the GRE.

There is no preference between submitting test scores for the GMAT vs. the GRE – take whichever test you feel you will score best in. People who are stronger at math tend to excel in the GMAT, whereas people who are strong verbally tend to do better on the GRE, but this is a generalization. Our recommendation is to take a free practice test or answer some practice questions for both tests to see which one you gravitate toward.

Work Experience: The average years of work experience is 4.7. Now, this doesn’t mean that if you have fewer than 4 years you will not get in; rather, it means that you should have enough work experience to allow you to make a significant impact in your role, and for most people that seems to take about 4-5 years.

Previous Industry: HBS does not care which industry you came from pre-MBA. If it seems like they tend to favor consulting or tech, it is because that is where most of the applicants are coming from. Dee Leopold, the former head of admissions, used to say that HBS is trying to build a “salad” (her words), so they need to get a good mix of students from different backgrounds and industries to bring diversity to the class. However, keep in mind that if you’re applying from a common industry, you may need to have a stronger application to stand out.

But I have a 4.0 from Yale and I worked at McKinsey and Facebook – why did I get rejected?

A quick perusal of MBA forums will reveal numerous people posting their incredible stats and profiles, along with their rejection results from top schools. Why is this?

Here is the tough truth – there are way more people who apply to schools like Harvard Business School and meet the minimum table stakes than there are spots. Unlike college applicants, business school applicants to schools like HBS tend to be a more self-selecting group of people who feel like they at least have a remote shot at being accepted, i.e. meeting the minimum table stakes. So, it is clearly not enough to just meet the minimum table stakes. What sets apart those who get accepted and those who don’t?

Ivy Admissions Group originally started out by helping Waitlist clients, and over the years we have had the opportunity to see hundreds of profiles that clearly meet the minimum table stakes, but were missing something to push them into the accepted zone. What we’ve been able to figure out is that special ingredient that moves the application from Waitlist -> Accepted. What is that special ingredient? Narrative. It’s a simple word, and quite frankly, a simple concept. But it is often misused, forgotten, or implemented haphazardly. A narrative is a story arc that connects your personal inspirations and motivations to your career aspirations. In the case of an MBA application, a personal narrative will inform the admissions committee how you ended up on your current life story arc, show where this arc will take you by projecting it into future, and then argue why business school is the logical next step in your career because it is the perfect bridge to connect the two. Why are you more deserving to attend HBS than the other candidates whose resumes and profiles look remarkably similar to yours?

It is crucial that your personal narrative be authentic and reflected in every component of your application, something that takes a lot of deep personal introspection and reflection. For many people, this is a struggle, and it can help to have an objective third-party work with you to try and distill your personal narrative. If this is something you might need help with, please feel free to get in touch for a free consultation, or check out our Complete School Package and Narrative Bootcamp services.

IAG Review: Admitted to Wharton's Lauder Program

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“I was a >3.0 GPA and 700 GMAT applicant, but I had an unique background and an interesting story to tell. IAG helped take my experience and craft it into a succinct and genuine narrative. Not only did we accomplish our goal of getting me into my top choice program, but also IAG provided the support to make the application process easy and smooth while working full-time internationally.”

- Engineer, Military, White, Male

Purchased: 4x Complete School Package (Founder’s Package)