Saturday, December 22, 2012

Winter Chills

It's holiday season, and we don't have any more classes the rest of the year! We finally have our long-awaited break -- and I'll spend it in winter.

Coming from a tropical country, I have zero first-hand knowledge about winter. Oh, I read about snow angels, snowflakes and snowmen, but experiencing snow for the very first time is sure to be an interesting, new experience.

Photo by Nati Harnik, Associated Press. Deseretnews.com.

Anyway, what I learned so far --

1. Winter Jackets/Coats
In the Philippines, there's this Surplus Shop in all the SM malls, which sells imported overruns. If you run across a fleece, down or wool jacket in that shop, buy it! I have a fleece sweatshirt which I got from Surplus, and I am so happy that I bought it since most sweatshirts I've come across here are too large, quite expensive, or plain (ie. unfashionable -- seriously!). The cheapest sweatshirt I ever saw was $20 pre-tax and that was on sale.

Fleece and wool jackets work in fall or early winter weather. Now that there's actual snow on the ground, I don't trust anything but my down jacket! Apparently, L.L. Bean jackets are among the most reliable (and most expensive), but I got mine (with thermal insulation) from Columbia. They say summer is the best time to buy winter stuff, but I didn't have a chance to do that so I can't really confirm. You can also combine a fleece jacket with a windbreaker for snowy, winter weather. Ladies might find it useful to buy jackets that reach mid-thigh or your knees. I bought from the Youth section (because it was cheaper) and my jacket reaches my hips. You can also try searching for puffer jackets which I also came across in my "research."

Hoods are important. Those Baguio knitted caps can also really come handy. Again, if you come across a fleece, down or wool hooded jacket in the Surplus Shop, buy it! And just find a way to wear it or something in your flight to the US -- because winter jackets/coats are pretty heavy.

Oh, and when it comes to wool jackets/coats -- at least 60% wool would do it. That's what my "research" says. (I have a 60% wool coat and it works fine for me.) My Youth down jacket cost $60; a typical ladies' winter jacket costs twice as much.

When it gets really cold, I pair up the down jacket with a fleece sweatshirt or fleece jacket inside to guarantee utmost warmth.

2. Shoes
You need waterproof shoes which can grip the slippery roads, and which reach past your ankle. I've seen some in Sears for less than $40. Some winter boots have tags which guarantee warmth at -15F.

3.Thermals
People say it's better to shop for thermals in Marks & Spencer or Debenhams (in Manila) since it's cheaper. I don't know about that, but I know it usually costs around Php1,600 to Php1,800 to get two thermal camisoles or long-sleeved shirts. I found Duofold thermals that cost me $14 each for the long-sleeved shirt and the leggings. They're available on Amazon and in Champion stores.

4. Layers
Maong pants that I brought with me from the Philippines turned out to be pretty thin, especially when I faced strong winds. I had to layer (and layer and layer) underneath it. I really found it hard to search for jeans here since the sizes are long and large! It's hard to find thick, reliable ones too.

I layer on top as well. Two shirts just won't cut it! The wind (always) finds a way through those cotton layers so better put on thermals and a fleece sweatshirt underneath that coat. You can always remove layers and hang them in your locker. I even wear two pairs of socks if it gets really cold! Better warm than sorry.

5. Scarves and Gloves
I just learned how to tie a scarf properly around my neck. Haha. My pashmina scarf works so far, but a thick, fluffy scarf would be better. And gloves are what you need, not mittens -- mittens prevent you from using your four, non-thumb fingers. Choose gloves that will help you grip and preferably have an insulation layer. You can also layer gloves and mittens if you wish.


I wish I had a balaclava for all those times the wind rushed towards my face. It's really not funny, I'm telling you. If you feel your fingers and feet getting cold, you probably didn't cover your head, which generates the most heat in your body. All the heat in your body is rushing toward the brain and leaving your digits to fend for themselves. If your head is covered and you still feel cold, then you haven't layered properly or layered enough. Keep as much of your body covered (zip all those zippers and close those snaps) so that the wind couldn't get in. It's not really the snow or the cold that's your enemy -- it's the WIND. I can stand subzero temperatures in the cold, but can't stand 10 degrees Celsius in the wind. I hate it when it turns out to be a cold, windy day. Unless I spend it indoors, of course.

Sunday, December 2, 2012

Giving Thanks

It's nearly finals season once again and we are gearing up to finish this week's cases, assignments and presentations to start studying for the exams. Winter break is on the horizon and everyone's looking forward to a month of vacation!

Thanksgiving has come and passed; there was a Thanksgiving lunch buffet at school (only $5!) and dinner at one of the homes of my Filipino friends living here. Aside from turkey, there was a lot of ham, which I like so much better! Maybe because it's my comfort food at home. Thanksgiving saw us having nearly a week off from school and searching for bargains during the Black Friday sale, but a particularly difficult midterm exam was waiting for us on Cyber Monday. Haaay.

Anyway, on the theme of Thanksgiving, here's a short list of what I'm thankful for thus far:

Image from thankyoupictures.com.


1. My part-time job
I'm really grateful for my part-time job at the library, which gives me much-needed income while I'm here. It pays higher than minimum wage (but not much more) and gives me opportunities to earn more than my current shift allows every now and then. I can study when my shift turns out pretty quiet, and the librarians are always ready to help. I also meet different people who aren't in the MBA program, and the work gives me practice in interacting with Americans. So far, I only work 6 hours a week, but I'm planning to increase my hours for next semester.Without this job, I wouldn't have been able to get an SS number, which I need to get a credit card here, which I need to establish my credit history, which I absolutely need since it will make certain things easier (ie. renting an apartment, getting car insurance) for me in the future.

2. My benefactor
I've finally discovered who my benefactor is, and I've written him a thank-you letter. Without his very generous grant, I never would have set foot here in the first place.

3. My learning group
I got pretty lucky in the learning group raffle, and I'm so thankful for it! We work together so well -- and the same can't be said for the other groups in our class. In fact, one of the international students already left her group because she got treated badly by the guys (ie. her opinions didn't seem to count, she got shouted at, etc). Some groups also stay past midnight doing case work; the latest time my teammates and I worked together was until about 8 in the evening. We're pretty efficient, and have gotten to know each other's strengths and weaknesses. We help each other with acads and I've always found them a source of support whenever I've had problems to deal with.

4. Viber, Skype and all that jazz
My former colleagues called me on Viber one night while I had a quiet shift at the library, and I was so happy that I disregarded protocol and jabbered away in Tagalog for more than an hour! Thank goodness no one had problems with their research or computers that time. There's no other better panacea to homesickness than hearing the voices of your friends and loved ones back home (or seeing them on your laptop). Talking to my colleagues made me feel as if I was back home again, just doing work in a different building. How hard it would be for us abroad if we only had snail mail to rely on! When my mom worked abroad in the 80's, she would send home cassette tapes (yes, cassettes) on which she would record her messages so that we could hear her voice.

5. The steady stream of learning
There are times when the load is so intense that MBA students ask themselves: Why am I taking this MBA again??? There are times when I feel that work was so much easier, and ask myself whether going here was worth giving up the comforts of home and the security of income. Well, time and time again, I always arrive at the conclusion that it's worth it. It's worth every penny I've put into it so far. I'm learning so much from the classes, the professors, my classmates, the career coaches and companies who come here to give us cases. You get those aha! moments when something discussed in class suddenly makes you realize why it was that way at work. That said, work experience is really valuable coming into the program.Not only do you get to share more, but you can more easily relate to the course material too.


Obviously, there are loads of things I'm thankful for -- bargains and sales that allow me to survive on a very stretched budget among them. I've gone a bit over my budget with my laptop purchase, the conferences I've traveled to, and sundry things I believe I need, but hopefully there wouldn't be any big-ticket items for next semester. In less than 3 hours, I'll be meeting my learning group for a case discussion then, in the afternoon, I'm off to listen to Christmas carols in the performing arts center. I can't believe it's nearly Christmas! Time flies by so fast!

Friday, October 19, 2012

Update before the next quarter starts

My last post was dated Sept. 11, and it was the week of our midterms.

It might interest you to know that two weeks after that week, we had our final exams. While we were studying for final exams, we did case study assignments with our respective groups. After our finals week, we had a week devoted to doing a case study for an actual company (in our case, a well-known consulting company). After that week, we had a career trek in one of the signature areas of the United States, networking with alums and seeing what companies looked like from the inside. The career trek just finished yesterday, and I'm writing this now.

The MBA is fast, yes, but a lot more intense than you realize.

What have I learned so far? Well, aside from the basics of accounting and statistics, I've learned how to ransack databases for research data I need for case studies. I've learned how case competitions are structured -- how sometimes you get to specifically define the problem you have to solve, how you focus on the how more than the why on your slides. I'm lucky to be in a very collaborative group, where each person's primary skill complements the others'. You know those horror stories of groupmates shouting at each other over cases and coming home in the early hours of the morning? Yup, those are true.

I've re-learned to wake up early and sleep late. I've learned to buy food that I could cook or warm up easily so that I can have breakfast ready in five minutes. I'm trying my best to keep up with constantly-updated email inboxes, internship notices, weekly club meetings, and my overflowing laundry basket. I have learned to better appreciate my free time, which I spend sleeping, doing chores, going with my friends to outlet malls or just walking around, taking pictures in our park-like campus.


There is just so much happening around you that even though you get in the program, believing to cruise through the subjects with A's, you switch to valuing the connections you make and the insights you get from the course material and outside trips more. Now, I'm not the type of person who spent her college days social drinking. I was more of the "let's have dinner next week," one-on-one kind of person. "Networking," which business schools heavily advocate, isn't necessarily equivalent to social drinking either. I believe in what a close friend of mine said, that you should stick to your values when networking, much in the same way that you should work for a company whose goals and way of life you believe in. Find out the networking style that suits you, and work it to your advantage in an American setting.

Americans may jokingly complain all they want about Asians not drinking as much as they do, but they respect people who can stand for their own principles. So know your principles and values going into the MBA program, and decide which of these are "unchangeable."

I now realize how much it was good to have been able to reflect and know more about myself before I entered the program; everything happens so fast that decisions are much, much easier when you know who you are, what you stand for and what you want to get out of the MBA.

Tuesday, September 11, 2012

A Week in the Life, Day 5

Monday

7:30 AM - woke up; the usual routine
Thoughts: Thank goodness the exam isn't during class time (8 AM).

9 AM - left the apartment to catch the bus

9:30 AM - arrived in school. Exam starts in 15 minutes.

12:30 PM - finished the exam. You might find it interesting that we had essay questions for Accounting. Went out to attend a club meeting/career panel, whichever room I land in.

1 PM - Leadership class!

3 PM - people were listless after our first ever midterm, so the class discussion was dragging. Our professor has a great antenna for sensing this and dismissed us earlier than 3 PM.

4 PM - back in the apartment; took a nap

6: 30 PM - had dinner. Started to study for Stats midterm.

8:30 PM - left the apartment for the library, where I work the midnight shift.

9 PM - start of my shift! Brought my Stats hand-outs with me in an attempt to study while at the desk.

12 AM - end of shift. Walked back to the apartment and started studying what little remained of Stats that I hadn't covered.

1:45 AM - motivated myself to read a bit for Ethics class.
Thoughts: 1, 2, 3, 4... why do we have 8 readings for class tomorrow?!!

2:30 AM - wrote this and signing off




A Week in the Life, Day 4

Sunday

Sometime between 7-8 AM -  woke up, had breakfast, cleaned around the apartment, the usual

10:30 AM - studied for Accounting midterms in earnest

12:30 PM - got distracted by the Internet

2:30 PM - back to studying

6:30 PM - finished Accounting, had dinner

7:30 PM - started my Statistics homework

9 PM - had mass at the near chapel

10 PM - back to my homework

11 PM - reviewed some Accounting notes

12 AM  - stated on readings for tomorrow's class on Leadership

2 AM - sleeping time!

  *Yes, I'm not a very social person, especially when it's exam time.

Monday, September 10, 2012

A Week in the LIfe, Day 3

Saturday

8:30 AM - got out of bed after much snoozing of the alarm and prepared for the day. I thought I still had time to study before the day's festivities, but I didn't find the time to do so!

12 PM - left the apartment to go to a tailgate
From Wikipedia:
Tailgate - a tailgate party is a social event held on and around the open tailgate of a vehicle. Tailgating often involves consuming alcoholic beverages and grilling food. Tailgate parties usually occur in the parking lots at stadiums and arenas, before and occasionally after games and concerts. People attending such a party are said to be tailgating. Many people participate even if their vehicles do not have tailgates.

At this particular day, there were tailgates all over school because there was a football home game!

Tailgate. From pegasusnews.com.

12:30 PM - registered for the MBA tailgate, where alumni and students could mingle in a cordoned-off area, with a buffet of food and drink. You usually pay for a tailgate; it's not exactly free.

1:30 PM - left the tailgate for my volunteer shift at a club concession stand. Spent a busy hour wrapping buns for cheeseburgers, hotdogs and brats in foil. I'm glad I wasn't the cashier -- as it was my first time to hear of the brat! (ie. bratwurst sandwich)

A hotdog and a brat, respectively. From Comcast.net.

2:30 PM - went back to the MBA tailgate for the clean-up shift. I volunteered for it since volunteers have free tailgate entrance -- plus, if you volunteer for all tailgates, you get a free MBA polo shirt!
3:10 PM - walked to the stadium for the game, with crowds and crowds of people.

3:30 PM - start of the game! Americans really go crazy over football.

7-8PM - the game finished somewhere in between. Would you believe that we students stood up around 95% of the game?! (roughly 4 hours!) Nevertheless, enjoyed the experience.

8:30 PM - back in the apartment. Was so, so tired after that standing-only game. But happy that our team won, of course.

Saturday, September 8, 2012

A Week in the Life, Day 2

Friday

7 AM - woke up. It dawned on me that I had to be at school at 9 AM for a guest company lecture. I usually allot 30 minutes for the walk to school.

9 AM - made it on time for the session. I've been making it to school just in time recently. Americans are very strict about time, so just in time isn't good enough.

10 AM - lecture finished. It was definitely interesting and was given by a company VP. The VP talked about future trends and current innovations their company was implementing in the transportation sector. I'd like to apply for an internship at this company, but I know they don't sponsor foreigners. I still might though.

10:30 AM - I should be reading my case book or studying for midterms, but I'm at the business school library, checking email, going through Facebook and typing the preceding blog post.

11:30 AM - had a case interview practice session, courtesy of the Consulting Club. I got the club president as my interviewer. Case interviews are the norm for finance and consulting people, but it's slowly being used for other roles as well. I'm not into finance and consulting, but I'd like to practice more cases because they build up your problem-solving and analytical skills. If you're a master at case interviews, then you'd be confident for any interview.

12:30 PM - walked back home for lunch

1:30 PM - tried to study for the Accounting midterm but fell asleep in the middle of a chapter (yet again)

2 PM - woke up and realized that I'd fallen asleep. Thought that it would be better to go to the library to study. Besides, I needed to print out some practice tests and problem sets for Accounting and Stats.

3 PM - I'm glad that we grad students have a large print quota. I must've printed a hundred sheets today. I really find it hard to concentrate (I have a short attention span when it comes to classes and studying) that it takes me 3 hours to get through two of the Accounting chapters we've covered. Decided not to go to the Stats review class, which was supposed to be at 3:30 PM.

6:30 PM - walked home for dinner. It was raining outside. Checked emails and Facebook then grabbed my Accounting class hand-outs and some food to snack on in the library.

7:30 PM - went back to the library and dove through the problem sets and hand-outs, with many a break to rest. Next time, I'll do the problem sets earlier so I won't have to go through everything in one go.

11 PM - I was trying to motivate myself to go on solving when a voice came on the intercom announcing that the library was closed. No choice but to go back home. It was still raining, but there was a strong wind this time. It was a pretty awful walk for me (I was wishing for mittens and a hood), and made me think of what it will be like in the winter.

12 PM - Football home game tomorrow and there's a drumline event on campus at this time. Decided not to go after that very cold walk. I'd rather stay inside under the blankets and rest my tired eyes. There'll be another home game after all.

Friday, September 7, 2012

A Week in the Life, Day 1

I've been in the MBA program over a month now, and I think it would be interesting for you guys to see what we MBA students have been up to in school. Yesterday was one of the busiest and most tiring days we've had, so I just wanted to give you a quick rundown of activities. I'll try to do 7 consecutive days' worth of posts (much like Tiger Mom's daughter tigersophia); let's see how long I can keep up.


Thursday
7:00 AM - woke up (after 7.5 hours of sleep, which is a lot for this week). prepared to leave. cooked and ate rice and omelette for breakfast (have a hard time going through the morning without breakfast). checked email and Facebook --I get such a lot of emails everyday; it's more stressful than work email, honestly. I chat with my family on FB everyday.
thoughts: have to know which company booths to target on this afternoon's career search so I have some research to do (isn't as easy as it reads). have to read ethics articles that I fell asleep on last night. don't forget that meeting with an org president at lunch.

9:30 AM - walked to school, toting my padfolio (leather folio thing which you bring around career fairs to make you look professional) and pumps. A walk from our apartment to school takes 15-25 minutes, depending on how fast you're going (and how late you are to class). I always keep missing the bus which swings by our apartment block. If I didn't miss the bus, I'd be in school in less than 10 minutes. Went down to the lockers to store my career fair props.

10 AM - statistics class. This is a 2-hour class with a 10-minute break in the middle.

11:50 AM - class dismissed.

12 PM- met with the org president to discuss an idea I had for our club. I felt really bad when I told her I had to go home for lunch since she (kind of) expected that we'd have lunch together. I told her that I had to change clothes (smart casual to business formal) for the career fair in the afternoon.

1245 PM- procrastinated and tried to take a quick nap.

1PM - had lunch at home (left-over omelette and dessert). Changed my large silk bag to a smaller leather bag. Read through the ethics articles.

2 PM- saw how little time I had left to research on companies for the career fair. Leveraged (yes, I love that word) the power of Google and Wikipedia to do quick company background checks. I'm proud to say that I had done quick research on 15 companies, and was able to build my target list of 5 (yes, only 5) companies.
thoughts: don't forget to print your resume for the career fair!!!

2:30PM- realized that I hadn't changed yet and that I might be late for class

2:45PM - flew out the door of our apartment for the long walk

3PM - made it on time. Ethics class.

5PM - went to the locker room to change shoes and get my padfolio. Nearly forgot to print my resume. Another long walk to the career fair venue.


5:20 PM - oh wow, the venue is just crowded with people! A lot of business undergrads and MBAs jostling through the room, long lines and harried recruiters. I got 2 I-think-I-did-well experiences, 2 go-online-and-check-our-website receptions and 1 false lead.

6:30 PM- called it a night, met with my friends. We agreed to go out for ice cream.

7:30 PM- went out for frozen yogurt, with the buy-one-get-one coupons in the school planner giveaway I got during org night. Mistakenly filled a sample cup with about a cone's worth of yogurt, which was hilarious.

8:30 PM - drove downtown to a pub for a birthday party of 3 MBA girls

9:45 PM - got out after greeting the girls and exchanging a few stories with the people who came. really tired at this point, but we wanted to check out the food expo on campus (ie. free food samples)

1030PM - got at the food expo area, and was disappointed to see that there were no booths around. Those undergrads must've finished off the food. There were students still around, lying on the grass,
 watching an open-air film showing.

11 PM - got back to the apartment. Tried to read a few pages of a case book for a case marathon the following day. Fell asleep while reading, with the lights turned on.

Saturday, September 1, 2012

Which MBA? Online Fair on September 5th-6th

Register at the below link and get a chance to win an iPad when you "visit" 5 or more schools!

http://registermbafair.whichmba.com/


You could win a FREE iPad* when you log in and visit 5 or more schools.
 Which MBA? Online Fair

Participating schools include:

North America
Alliant International UniversityBabson CollegeClarkson University School of BusinessGraves School of Business and Management - Morgan StateHult International Business School ILLINOIS MBA at Urbana-Champaign (UIUC)Isenberg School of Management, University of Massachusetts, AmherstThe University of TampaUniversity of California RiversideUniversity of Denver, Daniels College of Business University of North CarolinaUniversity of Oregon Lundquist College of Business University of Southern CaliforniaUniversity of WashingtonUVA Darden School of Business Virginia Tech MBAW. P. Carey School of Business - Arizona State UniversityXavier University
 Europe Aston Business SchoolAudencia Nantes School of ManagementBirmingham Business SchoolBusiness School Netherlands
Copenhagen Business School
Leeds Business SchoolMIP Politecnico di MilanoMoscow School of Management SKOLKOVOUniversity of East Anglia
Australia
Australian Graduate School of Management
Melbourne Business School
Asia / Middle East
Chinese University of Hong Kong
Tel Aviv University, Sofaer International MBA

Wednesday, August 29, 2012

Useful advice if you're a Pinoy student going to the US

*I will add to this list from time to time.

1. Bring a tabo.
This was the advice of my friend when he heard that I was leaving for the US. I looked at him in disbelief, and he shook his head, saying that I will certainly need one and that it was almost impossible to find one, especially if you're headed for states that have a very small Asian population. (He had studied before in Virginia.) He told me that he was able to find one in an Asian store. Now, I have been to an Asian store here and haven't found anything resembling a tabo (water dipper). I had taken his advice, and stuffed the tabo in my suitcase, filling it with socks so as not to waste space.

2. Buy your brooms from the Asian store.
This was the second piece of advice of my said friend, and I think he's right, if you're looking for a reliable walis tambo. I haven't bought a broom (I can borrow a vacuum cleaner from my neighbor), but I've seen the "brooms" in stores, and I trust the cleaning skills of the old walis more. You can decide against this of course; it doesn't help that the only walis I've seen around here had coarse, dark stalks.

3. Buy a water filtration system for your apartment.
This doesn't sound as complicated or expensive as it sounds, and I'm not sure whether it depends on what part of the US you're in. But we bought a Brita water dispenser for our apartment because the tap water is hard water (high mineral content) and frankly tastes bad. So just remember to ask other students about the water quality in the area you'll be staying in.

4. Don't trust Americans when they say a place is "within walking distance."
Walking distances are very relative and subjective, so remember to ask a Filipino (or other international students) for his opinion! "Walking distance" to an American may be a 20- to 30- minute walk for us. So think about this before renting an apartment that you haven't seen for yourself that's within "walking distance to campus", or when budgeting transportation costs.

5. If you have a driver's license, get an international permit.
This way, you can have the option of driving your own car when the distances between establishments are farther than what you've expected, and you find public transportation such a hassle. You don't even have to buy a car; you can check out other alternatives, such as ZipCars (http://www.zipcar.com/). ZipCars are vehicles that can be rented by the hour or by the day for a very good price, and are usually located in university parking lots.

Friday, August 17, 2012

Pinoy Food Online!

It's such a relief to know that Filipinos in the USA who are suffering from homesickness can be comforted by the knowledge that Lucky Me pancit canton, Milo, Knorr soups, Alaska evap and tuyo can be delivered right to their doorstep!

http://www.philamfood.com/

I found the above link the other night and was amazed at the inventory. Sunsilk shampoo, chicharon, Fita biscuits, La-La fish crackers, Vcut/Oishi/Piattos chips and Eng Bee Tin hopia can be found here! There are other Filipino sellers on Amazon and other online groceries, but I think this store has the most variety and the cheapest prices outside of shipping.

I haven't actually ordered yet as the prices are more expensive than local brands, but if I suddenly crave for a taste of champorado or Fibisco chocolate mallows, I know that I can have them delivered straight to my door.

--------

We have nearly finished three weeks of orientation (yes, THREE weeks!) and have readings and homework all piled up. School hasn't even started!

Already, we've had two mock interviews per student. Career nights, career fairs and career development sessions have also filled up our schedules. You can just feel the pressure and the stress. We have been given two books that will be useful in our career hunt. Two books! I haven't finished one yet.

We've had communication skills workshops and math workshops. We've toured the campus and spent our breaks listening to notable speakers. We've had impromptu gatherings and socials. Our inboxes have been flooded with emails from various departments, reminding us to order business cards, pay our accounts, buy our books, answer surveys, look at possible internships and submit that resume to the career website.

All this, while the sun sets at 9 PM and each day grows colder. It's nearly the end of summer. It's nearly the start of school!


Saturday, August 11, 2012

Meet Wharton Alumni in Manila!

Just sharing to everyone --

=================================================================

Greetings from the Wharton MBA Admissions and Financial Office!

We are pleased to announce that many of our alumni from all over the world will be hosting presentations and events this summer. We hope that you will be able to attend our alumni-led presentation in Manila on September 6, 2012.

Register today and discover our distinctively collaborative environment, innovative approach to learning, global access and the diversity of talent that will place you at the leading edge of new ideas. Experience this first hand as our very own alumni share their experiences with you.

Please click here for a full list of presentations in the coming months, click on the 'Admissions Receptions: International tab.

We look forward to meeting you!

Best Regards,
The Wharton MBA Admissions and Financial Aid Team

Tuesday, July 31, 2012

Using Google Voice for SMS

So --- it has been several busy weeks for me, getting ready for school and the transfer to the US.I'm now (more or less) settled in our apartment. I've bought a laptop, purchased groceries and supplies with my roommate, gotten a bank account, registered my immigration documents, etc, etc, and purchased a prepaid SIM for my mobile phone.

For us Filipinos, who have forever been spoiled by the mobile carriers in the Philippines, the calling and texting rates in the US will come as a shock. Imagine being charged for incoming calls and incoming texts! Heck, you even get charged for accessing voicemail. It seems that nothing is free, and you start missing the unlimited calls, texts and rewards you get in the Philippines for very affordable prices.

Enter Google Voice.

Google Voice is this great service from the popular world-dominating force that lets you send and receive SMS messages in the US for free. The full, working version can even transcribe voicemail (!), save your SMS messages in your email, and route your calls to any and all phones you configure in your Google Voice account. Home or office, landline or mobile -- it doesn't matter. All you need is a Google Voice account, a WiFi connection (or data plan) and a smartphone (works best with Android, I believe).

To get the full suite of Google Voice features for free, you have to have a new number, courtesy of Google. (Or get a phone plan from Sprint, I think.) If you think that's such a hassle, then you can port your existing number to Google Voice, pay the $20 activation fee, terminate your old number and change it to a new one without terminating your line, which, hopefully, will not be such a hassle as it sounds. There are very helpful people who document how they ported their existing number to Google Voice around the web; all you need to do is search for them on the almighty Google.

For those like me who just need an alternative to the expensive SMS rates in the US and want to manage their prepaid load better, then there's this procedure:

From Technobuffalo: How to Get Free Text Messages with Google Voice

I've tried this, and it works! Of course, the free WiFi on campus makes it very convenient to use around school. Outside school, there are quite a number of places that offer free WiFi so I can use this there too.

I've given people my actual number but, when I have WiFi connection, I'd text them using my Google Voice number and just add in my name so that they'd know it was me. Usually, they text back to my Google Voice number so I can save on both incoming and outgoing SMS.

The one downside I can see to this is people texting you on your Google Voice number at a time when you don't have any data connection. A possible remedy to this is reminding people to use your mobile number when calling or texting you. At least, with Google Voice, you can save on outgoing SMS from time to time.

Tuesday, June 26, 2012

MBA Alternative: MS Engineering Management

So... are you an engineer looking for some formal management training to complement your technical background? Thinking of taking an MBA? Thinking whether an MBA will be right for you? Well, lucky you, I just found out a few days ago about this grad course which you can consider alongside the MBA: the MS Engineering Management degree.

I've heard rumors that no Filipino has yet earned an MS Engineering Management degree from the US. Why is this significant? Well, I think that such a course taken abroad will give a student much more exposure to industry, not to mention the golden opportunity to interact with foreign faculty, students and institutions. The foreign curriculum could also be much more advanced -- example, is decision science being taught locally?

The business training is similar to what you receive in an MBA course, but is adjusted for those with engineering or science backgrounds (read: heavier focus on quantitative courses). If you want a technical management role in a business or a management role in a technology company, then, who knows, this might be what you're looking for. As a prominent local IT practitioner told me, MS EM applies engineering methodology in solving business problems.

I did some digging around and found that there are a lot of schools offering this degree in the US, and that there are six top schools that have formed a consortium to promote this fledgling course. They are (in no particular order):
(Click the link of each school to go straight to their engineering management graduate program page.)

This course doesn't have the fame and prestige of the MBA yet, but I think it's picking up. In the Philippines, UP offers a similar course (Masters in Technology Management). I believe the Pamantasan ng Lungsod ng Maynila also has an engineering management curriculum. But, no, this is not equivalent to Ateneo's BS Management Engineering course. I'm talking about a Master's course for those with a college degree in engineering.

If you're flip-flopping between taking this course or an MBA, then I suggest that you take the GRE instead of the GMAT. (Hardly any schools accept the GMAT. There are schools that don't require any test though.) Some schools have similar requirements as those of the MBA: recommendation letters, essay, TOEFL, etc. The application fee is much, much lower though.

Apply real early for the MS EM because fellowships are not that abundant as in the case of the MBA. (There are several possible explanations for this: graduates find it very easy to repay the loans, relatively fewer alumni translates to fewer alumni donations/sponsorships, etc.)

A definite advantage of the MS EM over the MBA is that it only takes one year to earn the degree. A definite disadvantage is that it can be as expensive as a one-year MBA.

Wednesday, June 6, 2012

Homework already?!

I haven't even set foot in my school, and I already have a list of things to do! Like:

1. take an online Math course
2. take an online career assessment test (done)
3. search for companies and job roles that I'd be interested in for internship/work

Not exactly easy peasy.

Finishing 1 means we'll be ready for business Math proper, for which we'll be having workshops in orientation. 2 and 3 are for getting us a headstart on landing internships. Any day now there'll be a fourth item on the list -- update my resume.

As I haven't got into the scholarly mindset yet, I'll procrastinate on these for a while and take time to enjoy the end of summer in Manila.

Tuesday, May 29, 2012

Five Years to B-School

I've been an avid BusinessWeek reader ever since I started researching on b-schools for my MBA. I've found BusinessWeek to be a great resource for MBA information on schools, rankings, career prospects, the admission process, etc. There are really interesting features every now and then, among them the MBA Journal, which chronicles the MBA journey of a few students from admission to graduation, and the Five Years to B-School series, which I've found very useful when I started planning for my MBA. This is a general guide on what you should have "in the bag" when applying to schools.

Of course, when I read this years ago, I didn't expect to spend five years doing exactly what's written in the guide. I just used this guide to measure myself -- my accomplishments, my to-do's -- to help me decide whether I was ready for the grueling application process. I had intended to apply after two years at my first job, and this guide was one of the factors that convinced me that later on would be a better time to apply. Reflecting on what I've accomplished and how I've grown while waiting, I was really glad that I did.

The Five Years to B-School Series:

The First Year
The Second Year
The Third Year
The Fourth Year
The Fifth Year



Note: I have not been paid by BusinessWeek to write this entry. I wish I was.

Saturday, May 19, 2012

Financing Your MBA: Other Options

Click this link to go to Financing Your MBA: Scholarships

So, aside from scholarships, how else can you pay for the MBA without asking for a dole-out from your parents?


Well, of course, you have got to have a lot of personal savings. I cannot stress this enough. Save as much as you can. Live like a student and save as much as you can. Think of ways to grow your savings (consult a financial planner about this!). In my case, I turned to the stock market, which has its own risks.


There's this article on BusinessWeek that suggests working while studying for the MBA: search for work or make work for yourself. You might not receive as much as the income you're giving up but at least it could give you something to live on while studying. International students are usually restricted to working within campus so don't think of working part-time in a corporate setting (besides, you need a work visa for that). Also, you have to think of whether you can still work part-time with your studies, social events, extra-curriculars and career-related activities to juggle. Internship, of course, is a different matter -- it could be a source of income!

The financial adviser at PAEF warned me over and over against relying on private student loans to finance my studies (and in doing so, curbed my desire to apply only at ultra-elite schools). Private student loans in the US (especially for those with no US co-signer) have high interest rates and may take you years to pay back. This is why it's important for you to know the ROI of your intended MBA program. BusinessWeek has a great table on this, but it's the 2010 version. I think one should try loaning from friends/relatives first before resorting to a private lender. I believe that a private student loan should be a last resort.

Anyway, here are some links I've found on international student loans (disclaimer: I haven't tried applying for a student loan yet):
 In India, there are institutions offering loans to students who want to pursue graduate studies abroad. I'm not sure if there are any such institutions in the Philippines; the nearest I've found were the local banks offering personal loans.

Saturday, May 12, 2012

USA Study Guide

I found a site that gives a great overview on studying in the US:

STUDY IN THE USA

It has state guides, links to financial aid sources, a suggested application guide and pages on "The USA Way of Life," which are useful if you're an international student. (I found the videos on Culture Shock really interesting.) Just keep in mind that the advice offered here applies to undergrad and graduate students.

Thursday, May 10, 2012

Getting a US Study Visa

Preparing the study visa application is a pretty easy thing to accomplish, but what with work and procrastination, it took me nearly two weeks.

A study visa falls under the category of non-immigrant visas so this procedure applies:
PROCEDURE FOR NON-IMMIGRANT US VISAS

Once you receive the I-20 from your school, you have to pay the visa fee (see my post on payment thru BPI), fill in the online DS-160 form, prepare your pictures and pay the SEVIS fee before you can schedule your interview. Visa payments are valid for a year so you can do this ahead of time, along with the pictures. You also have to upload a copy of your picture on the online form -- I highly recommend you to use the photo tool available on the DS-160 website so that you are assured that the photo you're uploading will be accepted by the system.

These links were pretty useful for the parts of the DS-160 form that I found confusing:
GUIDE FOR FILLING DS-160 FORM
AVOIDING DS-160 PITFALLS


I had noticed that the embassy procedure emphasizes that applications should state the Mother's Complete Maiden Name but the DS-160 form merely asks for the Mother's Complete Name. I was confused by this so I called up the Embassy to ask. The rep who answered my inquiry told me to just answer the form directly (!!!) -- if it wasn't asking for my mother's maiden name, I can just use her "married" surname.

For the SEVIS, you just have to fill in the online I-901 form and pay the SEVIS fee ($200). You can pay via credit card; just print out the online receipt to bring on the day of your visa interview. This is the link to the SEVIS Main Page:

SEVIS MAIN PAGE

After this, you will then be ready to schedule your visa interview. I had finished my online application last April 26 (I think) and the earliest slot available was on May 3. I had dreaded that there would be a long wait before I'd have my interview, but it wasn't actually a problem. I guess they have a number of slots specially reserved for study visa applicants on each day. I went the online route to schedule my visa interview (way easier than via phone).

========================================================

On the day of my interview, I arrived two hours earlier than my appointment. The interview location is actually at the US Embassy Annex, which is located by the footbridge near the UN Avenue-Roxas Boulevard intersection. Bring fans, umbrellas, a black ballpen, and a book to help you pass the time. Cellphones and other electronic devices aren't allowed inside.

Look for a guard and ask him what batch of applicants are already being asked to line up. (The batch refers to the time of appointment -- eg. 8:30, 9:00, etc.) Those whose batch has been called will already be in orderly lines in the grassy area in front of the annex. The embassy personnel will then check your passport and DS-160 confirmation form, and will review the list of applicants scheduled for that batch to see whether your name is there. They will give you a pink piece of paper that you have to fill in. Then, your batch will go through a security check and go to a counter where you will be assigned individual numbers. After this, the waiting begins.

Once your number is called (by a greeter shouting out batches of numbers), you enter the building proper, go through another security check and fall in line for a preliminary review. After this, you will have to wait for your number to be flashed on the board before you undergo the fingerprint-capture. After yet another wait, your number will again be flashed on the board to direct you to the window of the consular officer who'll be interviewing you. What could make the waiting time quite long is the fact that the numbers flashed on the board are in no particular order. (The "randomness" occurs within a group of around 30-40 consecutive numbers -- from what I observed -- so you can somehow estimate how long you still have to wait.)

My interview was pretty quick (less than 5 minutes, I think). What I didn't bring to the interview that the consul asked for? My undergrad transcripts. The consular officer didn't even check my financial documents.

All in all, I took 2.5 hours to finish the application process. I heard a greeter tell an applicant that the passport will be delivered in 3-5 days. I haven't received mine yet; hopefully, it's on its way.


NOTE: Even if your visa is granted, it does not guarantee your entry into the US. This is ultimately up to the INS [The immigration and Naturalization service]. It is also the job of the INS to determine how long you may remain in the United States.

At the US port of entry, an INS official validates Form I-94 (Record of Arrival-Departure), which states the length of stay permitted. This will be a small white card issued by the INS upon your entry to the U.S. The form I-94 is your permit to stay in the U.S.

Tuesday, May 1, 2012

Financing your MBA: Scholarships

If you were to talk to an ordinary Filipino and tell him that you were taking your graduate degree in the US, he assumes either of the following:

1. You have a scholarship. A full tuition and board scholarship, with an allowance that you can live on.

Or:

2. You're rich and your family/parents are paying for it. For every single penny.

Sad to say, there are a lot of Filipino MBA students who don't exactly fall into either category, and usually have tuition and living expenses to worry about. If you're planning to take your MBA in the US, be warned: you have a lot of competition for those full scholarships. At most, you will probably get a significant fellowship in tuition fees on account of your being an international student from a developing country. (Read: significant, not full. And that's only for tuition, living expenses not included.) Don't pin all your hopes on getting a free ride.

The two-year MBA program at ultra-elite schools (eg. Harvard, Stanford, Kellogg) has a price tag of Php 8-9 million. That's a lot of money! But ultra-elite schools also typically have a lot of money available for fellowships. And if you land a full scholarship, then good for you! The kind of deal offered by the Eller MBA program, which offers scholarships specifically for Filipinos, is rare in US schools.

In case you're wondering what other options there are in getting a full scholarship, there is only one I can think of: the Fulbright scholarship offered by PAEF(the catch here is that you have to go back to the Philippines once you complete your studies).

There are a few partial scholarships up for grabs that you can search for on the Internet, but I'm betting that you have a lot of competition for those. Which isn't to say, by the way, that you shouldn't apply. I've applied to those myself, and have crossed my fingers.

There are the QS scholarships, for example. I found out about these by attending the QS World MBA Tour here in Manila. Attending the event and answering the online survey afterwards will give you a chance to apply for these scholarships. There are scholarships for specific schools, as well as general scholarships. For the latter, the QS Leadership Scholarship awards $10,000 to the lucky applicant, and the QS Community Scholarships award $2,000 each to five lucky candidates.

Other links you might want to check are:
  • http://fastweb.com
  • http://finaid.org
  • http://scholarships.com
  • The American Association of University Women - http://www.aauw.org/fga/fellowships_grants/index.cfm
    The American Association of University Women offers fellowships to female international students studying in the United States. Some fellowships are available for minority women who are U.S. citizens or U.S. permanent residents. International Fellowships are awarded for full-time study or research in the United States to women who are not United States citizens or permanent residents. Both graduate and postgraduate study at accredited institutions is supported.
  • The International Education Financial Aid Website - http://www.iefa.org/
    The International Education Financial Aid Website provides college scholarship and loan information for international students wishing to study abroad There are many scholarships available on this website.

Whenever I come across scholarships specifically for Canadians, Brazilians or even Indonesians, I feel frustrated that there aren't any  -- at least, I haven't come across any -- foundations offering MBA study-abroad scholarships to Filipinos. I know that there are a lot of Filipino MBAs who graduated from foreign schools and built successful careers for themselves here or abroad, but I guess the concept of giving back to fellow countrymen is not so prevalent in our culture. I salute the Asian Institute of Management for offering scholarships, but AIM is in Manila. There are MBA applicants (like me) who want to experience the world outside of Manila. Really -- do all Filipino MBA applicants have the means to study? Are Filipinos so good that they can easily snag full scholarships? I mean, there are MBA applicants who could definitely use some help here...

For more details on how I'm paying for my MBA, visit this link.

Saturday, April 21, 2012

For Filipinos: A Rundown of MBA Expenses Before Arriving on Campus

I keep a rundown of the MBA-related expenses I've had so far. If someone were to ask me how much he/she would have to budget for MBA applications to five US schools, I'd give the following estimates:

Php 5,000 = TOEFL and GMAT reviewers (around 3)
       8,000 = TOEFL (with 4 score reports)
          750 = additional TOEFL score report
      11,000 = GMAT (with 5 score reports)
      50,000 = application fees (five US schools, around $230/app.)
 Note: At this time of writing, ultra-elite schools charge as much as $265 for an MBA application. But there are still reputable, highly-ranked US schools out there that charge less than $200.

The total would be Php74,750.00 (dollar exchange rate in the Php43 range).

This total assumes that you don't avail of GMAT reviewer courses from Kaplan, etc, nor receive any exam waiver. It assumes that you are satisfied with the 3 reviewers you've picked. It also assumes that you don't change your mind about schools mid-way during the application process, 'coz if you do, then that entails additional TOEFL and GMAT score reports (Php 750 and Php 1200, respectively). This estimate assumes that you are satisfied with your test scores and wouldn't need any retakes. It also assumes that the schools you've applied to don't require any hardcopy documents from you prior to admission.

Some schools provide waivers, of course, but don't pin your hopes on that. From last I heard (March this year), the PAEF office has no budget yet for opportunity grants. So, you're on your own.


==============================================================


Once you've been accepted to a school, you would need to pay a confirmation fee to save your seat. You are typically given a month to decide whether or not to pay the fee. High-ranked schools usually charge $1,000 - $2,000 for this. So that's:

  Php 43,000 = confirmation fee for a high-ranked school (dollar exchange rate in the Php43 range)

Running total: Php117,750.00

Applicants usually submit all their school applications in one round (Round 1/Round 2/Round 3) because submitting your applications in different rounds could end up very expensive as you save seats in different schools. Getting offers from all the schools you've applied to is a very nice problem to have, but it's definitely wise to have an idea of what the deciding factor will be in such a case (eg. fellowships, location, etc).

===============================================================
 
Filipinos have to apply for an F1 study visa from the US embassy. You need an I-20 form from the schooland financial documents to prove that you have enough money for the entire course of study. In my case, I had my bank issue bank certificates and asked my financial sponsor to sign a guarantee letter. 

   Php 200 = notary public (for the sponsor guarantee letter)
          200 = bank certificates for 2 accounts
          1,300 = delivery of financial documents to my school via LBC
         
 Running total: Php119,450.00

===============================================================

Once you receive the I-20 form, you can now apply for the study visa. Before anything else, you have to pay the visa application fee, which you can do once you receive your acceptance letter. (Visa application payments are valid for one year.) As a student, you also have to pay the SEVIS fee (Student and Exchange Visitor Information System managed by the US Department of Homeland Security).

Php 6,880 = visa application fee
        9,000 = SEVIS fee
         

 Running total: Php135,280.00


So far, those are the expenses on my list. I still have to book a flight to my school and pay orientation fees. I hope this gives you an idea (in Philippine pesos) of how much to prepare in case you plan to take your MBA in the US. I hope this didn't make your blood pressure rise in shock. (I paid for all of these on my own, but I prepared years for this.)

Wow, a pretty long post! Any questions? Just email or reply in the comments below.

Monday, April 16, 2012

US Study Visa Payment via BPI

I finally got the I-20 from my school over the weekend, and I went to BPI this morning to pay the visa application fee. For those of you who will be paying for the visa using the BPI option, don't forget to bring your passport to BPI! As of today (April 16, 2012), the fee for non-immigrant visas is Php 6880.

For the benefit of people like me who don't have BPI accounts: you go to one of the kiosks in any BPI branch, and punch in an entry for the US visa payment. You have to choose the visa category you want to pay for (non-immigrant, immigrant, etc) and type in your passport number. Then you just have to wait for your turn and pay the corresponding fee.



EDIT: Ahh, the US embassy has increased its non-immigrant visa app fees last April 13, 2012! The non-immigrant visa fee is now $160. BPI actually charged me at an exchange rate of Php 43: $1 so --- I'm really sorry for the previous statements, BPI. Thank you very much for this easy payment service.

Thursday, April 5, 2012

Have you taken your GMAT?

If not, then there are less than three weeks left for Beat the GMAT's 2012 scholarships! Why not take a shot at it?

There will be six winners -- each winner will receive One GMAT Course + One Admissions Consulting Package + $250 GMAT Voucher! This is open to international applicants, so Filipino MBA applicants -- give it a try! I have to say, this is something that will definitely help you in the very crucial stage of MBA applications.

Just look at the full list of prizes:

GMAT Courses

Admissions Consulting Packages

How Beat the GMAT will distribute prizes
There is only one GMAT course and one Admissions Consulting package available from each company listed above. In your application, you will be asked to rank in order the courses you wish to attend and the consulting packages you are interested in.

The first-place winner will win his/her top preference GMAT course from the total pool of six packages available; next, the second-place winner will win his/her top preference based on the remaining pool of five course packages; next, the third-place winner will win his/her top preference based on the remaining pool of four packages; and so forth. The same process applies for the consulting packages: the first-place winner will receive his/her top choice; next, the second-place winner will receive his/her top choice of the remaining five consulting packages; and so on.

Sunday, April 1, 2012

MBA Alternative: MIS degree (for IT folks)

For those of you in IT and who are aiming to advance your IT careers, this might be worth checking out. I know that an MBA isn't for everybody, and it's not practical to invest time, effort and money in a degree that isn't what you need. So I'll let you in on a little secret: an MIS degree costs much, much less than an MBA, can be finished in a shorter timeframe than the usual 2 years, has good career prospects even in the US and has management courses as part of the curriculum. There are even schools that offer MBA courses as MIS electives! So what do you think?

Here are some schools offering the MIS degree:

1. Carnegie Mellon University's Heinz College - MISM degree
Carnegie Mellon is one of the leading US schools in the field of IT (usually ranked after MIT). There's a one-year track for applicants with at least three years of work experience, a 16-month track for those with less than three years of work experience, and a 21-month global track that includes a period of study in Carnegie's Australia campus. If you think the US is too far for you, you can check out the IT graduate courses available in the Australia campus. I know someone who got a 50%-tuition MISM fellowship to the US campus so getting grants isn't impossible. There are a lot of Asians (read: Indians and Chinese) taking this course so being Filipino would set you apart. Plus, the job placement and salary stats are impressive.

2. Indiana University (Bloomington)'s Kelley School of Business - MSIS degree
Again, a top-ranked, reputable school with impressive job placement and salary stats. International students can finish the course in three semesters. Among the schools, this has the earliest application deadline for international applicants: around November before the year you plan to start. If you plan to enter on Fall 2013, you have to apply by the November deadline this 2012. I think this course leans more toward business than IT.

3. University of Arizona's Eller College of Management - MIS degree
Eller has a strong reputation in the field of IT. Their MIS degree is also less expensive than those offered by Heinz and Kelley, and can be finished in 16 months. The placement stats are pretty good, but I don't think the salary stats are as high as the above two schools. There are a lot of Asians taking this course as well. If you want to check this out, you should keep in mind that the climate in Arizona can be hotter and drier than the tropical climes we are accustomed to in the Philippines.

4. University of Washington's Foster School of Business - MSIS degree
This is a relatively young course compared to the others. The MSIS degree can be finished in a year, and the courses take place during evenings and weekends. This means this course is ideal for those with full-time work; or, if you're an international student, this course will enable you to take a part-time campus job during the day. This is the least inexpensive of those listed here; no placement and salary stats released as of this time.

I chose to list these four because they require taking the GMAT exam. There are a lot of other schools offering the MIS degree (such as NYU Stern) but require taking the GRE. Be sure to check the admission requirements and program courses when choosing schools.

I checked the application fees for these MIS degrees, and they were way, way lower than MBA app fees! (MIS: app $75, MBA: app $200) So that alone shows you how much of a financial investment you need with an MBA. Anyway, hope this post helps you in some way -- good luck with your decision!

Friday, March 30, 2012

Financial Docs? Check!

Okay, now I can breathe a little bit easier. I've just sent off my financial docs to my school for the I-20 form. The I-20 form is required for those of us getting an F-1 study visa.

What my packet contained:
1.Proof of financial documentation form from my school
- There's a table in this form that outlines the sources of my tuition and living expenses for the years I'll be studying. Sources as in scholarships, external grants, personal savings, etc. I was so happy to note that the fellowship I got slashes the funds I needed to come up with by half.

2. Bank certificate on my personal savings account
- Ok, I won't pretend here. When I read that I had to provide an official statement from my bank, I thought it meant bank statement. Well, what do you know, it doesn't. An official statement on the bank's stationery translates to a bank certificate, with the bank letterhead and logo. I got mine from BDO, where a bank certificate costs a cool Php 100. For a piece of paper? Yes. It's an official piece of paper, after all. Good thing that copies/reprints of the bank certificate, that are also on bank stationery, are free.
 - Oh -- and for those who want to borrow money to pad their accounts? I advise you to place that money there at least two days before you request for a bank certificate. The bank certificate I got considered my balance from the day before.

3. Bank certificate from my guarantor 
- I have my parents to thank for their amazing network, which contains quite a few potential guarantors. I'm a very lucky, lucky girl indeed to have someone act as my guarantor for a year's worth of expenses. (I'm a 75%-tuition scholar, by the way.) Anyway, schools need this from your parents/sponsor as proof that they have the money to back you up in school.

4. Notarized sponsorship letter
- My school originally said that they needed the sponsor to include the amount of funds he/she was going to make available to me. When I was able to persuade my sponsor to place the amount and the letter was notarized, the school then said that they would accept letters without a specific amount. Why is this such a big deal? Because notarizing that letter would mean that someone else knows that this specific person lives in this specific address and can afford to give this specific amount of money. Who knows what can happen if that piece of paper falls in the wrong hands? I shudder to think of that. I sure pray that nothing bad would happen to my sponsor for helping me. I hope the notary didn't read the letter at all.


I sent the packet off by LBC. According to LBC, it will get to its destination in 3-4 working days. I hope it arrives earlier since it cost me Php 1270. For a measly envelope with four pieces of paper inside.

-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-

I can't stress this enough, but it's really, really, really wise not to depend too much on scholarships or loans. When I told a PAEF adviser that I was considering getting a loan, she almost had a hard attack. Kidding. She was all, "No, No, NO, don't get a loan" that she was practically saying that I shouldn't study in the US if I would rely on loans. Quite a pessimist, but I guess she's met a lot of Filipinos who are too optimistic in terms of school and work prospects in the US. I didn't like her though. But she forced me to think of ways to come up with the money (and scared me off the elite, too-expensive schools in the process).

I think it would have been better if she gave other, more viable options like -- if you lack a (relatively) small amount of money that you think you'd find easy to pay off in the future -- $15K maybe -- you could consider loaning from other people, not lending companies. You could borrow from relatives, friends, classmates or even alumni who are based in the US. As I write this, I know of a school with a lending program funded by alumni, which I think is a genius idea. Of course, this is a good idea if you are a trustworthy, reliable person yourself who wouldn't dream of duping a relative/friend/classmate/schoolmate.

Or, you could probably get a personal or multi-purpose loan in the Philippines (I am relying on the assumption that the interest rates over here are lower) and find a way to send the money to the US. In India, they have a lot of banks and lending companies offering educational loans to graduate students. Here, I can't think of any with attractive terms.

Those are just two crazy ideas I've come up with on my own. It might not work, but it's at least a creative exercise. It's hard to rely on someone offering you free money out of the blue. Maybe you'll come up with another idea. If you do, please share in the comments below.

Thursday, March 8, 2012

University of Arizona Eller MBA - Scholarship Opportunity for Filipino students

Eller is offering MBA scholarships and assistantships exclusively to Filipinos!

I received the following email today:

Apply through this email, and as a citizen or resident of the Philippines, you are guaranteed a graduate assistantship and/or scholarship*

Eller MBA – University of Arizona
At Eller, you will benefit from the advantages of a major university while receiving the
personalized attention you would expect from a more intimate program. International recognition and top research faculty, coupled with small class sizes and a cutting edge curriculum, gives students the strategic perspective necessary to succeed in today's global marketplace.

Guaranteed Graduate Assistantship and/or Scholarship if you apply by April 1st *

Graduate Assistantships = $25,000+ stipend/tuition assistance per year
Scholarships = up to 100% of full tuition

*Ranked Top 10 in both Entrepreneurship and Management Information Systems

The Eller Full-Time MBA is a cohorted, two-year program that offers students a choice of six (6) different concentrations and five (5) other areas of focus. Based in Tucson, Arizona, the full-time MBA exposes you to a summer internship, corporate speaker series, case competitions, student professional organizations, career management treks and programs, and an international trip that provides students with first-hand experience in markets and culture during company visits.

Start your application here! Here is what you’ll need to do to complete the application

1.
Basic Information: Fill out the basic application information

2.
Resume: Your recently updated resume showing your professional and educational experience

3. Essays: The essays are simply meant to be open and honest and provide us with a snapshot about who you are as an individual. They are not meant to be something you anguish over for hours/days/weeks/months.

4. Recommendations: on the application site will be a spot to type in two e-mail addresses of those you'd like recommendations from. A short survey style form will be sent to them which they will e-mail back. It is a very short process that will only take the recommenders approximately 3-5 minutes of their time. Please have those who can attest to your ability professionally fill out these short recommendation surveys.
5. Click "submit application" and your application is almost complete!

Next Steps -
  1. Transcripts: We will accept unofficial transcripts from you for application purposes. Once accepted you’ll need to remit an official copy of your transcripts if you decide to attend the Eller MBA program at the University of Arizona.
  2. Test Scores: Have your official GMAT score sent to us when you have completed the test. Please keep in mind that your application can be submitted and processed before your GMAT test is taken. We encourage you to handle your application this way!

We encourage you to learn more about how Eller MBA students acquire the tools, knowledge, and experience that give them the competitive edge in today’s global marketplace. Start your application here!


Sincerely,

MBA Admissions
Eller College of Management, University of Arizona

Arizona.EllerMBA@eller.arizona.edu

520.621.6227


*Optional 3rd essay – for scholarships - must mention this e-mail. All applicants applying through this e-mail, who write the optional 3rd essay, and who are offered an acceptance into the Eller MBA program…

Guaranteed Graduate Assistantship and/or Scholarship if applying by April 1st *

  • Graduate Assistantships = $25,000+ stipend/tuition assistance a year

  • Scholarships up to 100% of full tuition



It's a very easy application process if ever I saw one! And they guarantee financial aid already! To Filipinos! For someone like me who's been agonizing over MBA essays and luckless scholarship searches, this is certainly very welcome news!

Of course, that school I've been accepted to in my previous post is certainly more well-known and highly-ranked than Eller. But this is a very tempting offer... Should I give in?

An aside -- I wonder why they're targeting Filipinos. Is it because Filipinos are well-known to be "global citizens"?