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4 Myths About MBAs in the Nonprofit Sector

November 28, 2014 by

If you think MBAs and nonprofits are about as compatible as oil and water, think again.

Yes, finance and consulting industries lead the top-10 industry preferences for recent MBAs, but nonprofits and social enterprises squarely make the list.

Getting an MBA does not cut you off from a lifetime of social consciousness—far from it. MBAs can contribute volumes to the successful operation of a nonprofit. Still, the nonprofit world faces some challenges attracting MBAs, as many shy away from social enterprise due to (legitimate) concerns about lower earnings, especially when you consider the post-MBA educational debt that faces most business school grads.

While this is a valid concern, some of the stereotypes about MBAs in the nonprofit sector are no more than fallacies. You can successfully apply your MBA degree and your business school skills to the world of social activism. Read on as we help bust a … Read full post

6 Tips for Getting MBA Tuition Reimbursement From Your Employer

November 26, 2014 by

Have you ever asked your boss for a raise? This isn’t a conversation most of us relish, so, all too often, we put it off, hoping our bosses will just notice all the amazing things we do and eagerly reward us when we obliquely bring up the uncomfortable topic of earning more money.

Asking your employer to provide MBA tuition reimbursement is not unlike asking for a raise, and you have similarly low chances of success if you apply the evasive strategy above.

Getting your employer to pay for your MBA requires that you make a compelling case to convince him or her of your value to the company, and the value of that future degree in your hands.

So, how can you make your case to your boss to pay for your MBA?

1. Know your company 

The process starts with doing your homework (doesn’t everything?). Read your employee … Read full post

The Latest in MBA News: Finance Still in Favor, New MBA Rankings on the Way

November 25, 2014 by

Check out some of the latest MBA news from media outlets across the world. From changes in the business school applicant pool due to current economic trends to a sacked socialist government official heading back to business school, as well as soon-to-be-updated U.S. News and World Report rankings for MBA programs, there’s a lot to share!

  • Newly minted MBAs from Stanford’s Graduate School of Business made finance the industry of choice once again this year. Why? Money. And lots of it. Think incredibly lucrative compensation packages. Nearly 30% of 2014 Stanford Graduate School graduates accepted job offers in finance, up from about a 25% last year. Forget those who say finance is out of favor in MBA programs—it’s still very much a top choice. (Quartz)
  • Changes in the economy and culture have transformed the makeup of the business school applicant pool. Knowing these trends can help you craft
  • Read full post

MBA Networking: An Essential Business School Skill

November 24, 2014 by

MBA networking: one of the supposed benefits of attending business school.  Part of the job description of an MBA in almost any position includes that elusive, poorly-defined, sometimes awkward activity.

Top Three Quotes About MBA Networking:

“Job opportunities require great networking skills.”

“Business school is a great networking opportunity…think of how much you’re investing in your network…”

“Come to this party, it’s a great networking event!”

 

The Truth About MBA Networking: 

It IS important, and it’s harder than it sounds.

I’ve been in school for less than a semester, and I’ve already lost count of the events I’ve been invited to that have been touted as “networking opportunities.” It starts to make one feel guilty—if I can’t make that Happy Hour or attend that CEO Q&A, have I missed a priceless networking opportunity? Are future investors even now accepting someone else’s business card? What if my future boss … Read full post

Which MBA Ranking Do You Trust the Most?

November 21, 2014 by

Although quantifying a school’s profile certainly does not tell you everything, it can sometimes be helpful in simplifying the many differences between the various MBA programs. We recently surveyed a number of visitors to our site to get a feel for the concerns, plans, and mind-sets of this season’s MBA applicants. 

As part of our informal survey this year, we posed the question “Which business school ranking/survey do you trust the most?”

Given that Bloomberg Businessweek has long been considered by many the premier MBA ranking, we were quite surprised to see that only 5.1% of responders picked it as their most trusted source. Instead, a whopping 46.1% indicated that they view the U.S. News & World Report survey as the most trustworthy, while the Poets & Quants aggregate received the next greatest percentage of the votes, with 33.3%. With just 10.2% and 5.1% of responses, respectively, the Financial Times … Read full post

4 Tips for a High GMAT Score

November 19, 2014 by

You don’t just want to increase your GMAT score, you want to get a high GMAT score, right? You’ve come to the right place. Our veteran teacher Gene Suhir has detailed advice for what sets GMAT high scorers apart from the pack. Take note.

4 Tips for a High GMAT Score, from Kaplan Expert Gene Suhir

  1. GMAT high scorers are really good at picking and choosing their battles wisely.  They understand that they WILL be getting certain questions wrong on test day, and that being perfectionists can hurt them (getting a problem right after 5 minutes is a Pyrrhic victory).
  2. High scorers recognize patterns that others don’t, so they are able to correct the mistakes they made previously on similar problems.  Meanwhile, others continue to make the same mistakes over and over and over again because they fail to see the similarities between the problem they’re working
  3. Read full post

How to Get Into Business School: Admissions Expert Edition

November 17, 2014 by

There are a lot of obvious tips out there about how to get into business school.  You probably know to tirelessly study for the GMAT, court old bosses for glowing recommendations, dazzle your interviewer and write arguably the best essays in the history of b-school.  Sign, seal, and deliver to the schools of your choice.

What happens next can seem like the proverbial black box.  We went behind the scenes with two admissions directors–Sara Neher at University of Virginia Darden School of Business and John Roeder at Vanderbilt Owen Graduate School of Management to hear what takes place around the conference room table.

What is the number one mistake applicants make?

JR: One of the biggest mistakes is on letters of recommendation.  Applicants think we will be impressed by a recommendation from a CEO or senator.  The best letters of recommendation are always from someone who knows … Read full post

MBA News: Bloomberg Businessweek 2014 Rankings Released, Duke Fuqua Now at Number One

November 14, 2014 by

Bloomberg Businessweek has just released its 2014 ranking of full-time MBA programs, and some people may be surprised at certain schools’ new standings. For this survey, schools are ranked according to a myriad of factors, including recruiter marks (employers’ opinions of a program’s graduates) and enrolled student survey responses.

This year’s results certainly show a few major shakeups. Duke Fuqua, which ranked sixth in both 2012 and 2010 (up from eighth in 2008) knocked long-standing first-position holder Chicago Booth from that coveted spot (it is now ranked third). Perhaps even more notably, Harvard Business School (HBS), which has held steady at number two since 2008, dropped to eighth and failed to make the top five for the first time in list history.

According to Bloomberg Businessweek, Duke Fuqua graduates received high ratings from recruiters who tend to hire large numbers of MBAs. The school’s dean was quoted as … Read full post

What is a Good GMAT Score?

November 11, 2014 by

Quite simply, the GMAT score you need is the one that gets you into the b-school of your choice.

Let’s look at GMAT scoring in more detail to give this initial statement more context.

GMAT Scoring Basics

GMAT scores are used by business schools to provide a common yardstick to compare candidates for admission and to determine whether prospective students have the ability to contribute and perform well. On the GMAT, you will receive five scores:

  • An overall score, ranging from 200-800
  • A math subscore, ranging from 0-60
  • A verbal subscore, ranging from 0-60
  • A score for your AWA, ranging from 0-6
  • An Integrated Reasoning subscore, ranging from 1-8

Your Percentile Rank

Each of the above scores will be accompanied by a percentile ranking. This ranking highlights what proportion of test takers scored lower than you on the test. The higher the percentile ranking, the better you did. For … Read full post

How to Apply to Business School: Confidence v. Arrogance

November 10, 2014 by

One of the big discussions that comes up consistently in business school admissions is how to apply to business school successfully and grab the good life you deserve; in particular, one of the biggest irritants we hear admissions officers and deans complain about is an application that treads on the wrong side of the line between confident and arrogant.

In the process of applying to become an MBA, confidence in yourself is an invaluable asset.  Unfortunately, it’s easy to go too far and come across as arrogant, entitled, or over-proud– characteristics that definitely rub admissions committees (like most of us) the wrong way.

TIP: Negativity is not a sign of confidence.

When you are trying too hard to come across as confident, it’s extremely easy to give the impression of arrogance.  If you feel the need to display your confidence by talking down to people, placing yourself above … Read full post

 

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