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MBA Scholarships: Get in on the Action

January 27, 2015 by

From a boatload of available scholarship money for MBA students, to the most “annoying” admissions essays, let’s dig into the latest in MBA news:

Show me the MBA scholarships

If you’re reading this, you’re a step ahead of your aspiring business school peers—for more reasons than one. There’s a whole lot of money lurking out there in the form of MBA scholarships available to aspiring business school students, but many of those future matriculants think of financial aid as the recourse of the undergrad.

False! In fact, the 10 business schools that spend the most on MBA scholarships are awarding students more than $150 million per year. Now all you have to do is get in on the action. (Poets & Quants)

 MIT admissions essay voted “most annoying”

We all know that business school application essays can be challenging and time-consuming, but some MBA admissions consultants have recently … Read full post

MBA News: Third-Round Applicants Get a Second Look

January 23, 2015 by

From a possible silver lining for third-round MBA applicants, to how Chinese proverbs may identify problems in U.S. MBA education, to bragging rights about startups, here’s the latest in MBA news from media outlets around the world.

Third-round may no longer mean third-rate

The conventional wisdom about applying to business school has long been that the early bird catches the worm, but is it time to rethink that idea? Applying third round used to send a not-so-subtle message that you may be, well, a procrastinator, and it’s also been said that third-round applicants are at a distinct disadvantage to those who apply earlier since most spots—and scholarships—are already gone by that point. (Poets & Quants) However, some business school admissions officers are saying that third-round applicants these days are unconventional but appealing. (The Wall Street Journal)

There’s a new ranking category in town

It’s no secret … Read full post

Sticking with Your GMAT Test Prep New Year’s Resolutions

January 21, 2015 by

If you’re anything like us, you probably started out 2015 with a long list of New Year’s resolutions. Maybe you wanted to:

  • get a better job
  • earn more money
  • learn a new skill
  • better yourself 

Sound familiar? Perhaps you even scrapped one or two of these resolutions, thinking that your passing ambitions were too high for your daily commitment. However, there’s one way that you can tackle all of these resolutions at once in 2015: by applying to business school.

Think about it—whether you’re realizing a lifelong dream of finally taking the plunge to earn your MBA from a top business school or simply making a responsible move for your professional and financial future, getting your MBA can have countless benefits in the years to come.

Now that you’re a month or so into 2015, those resolutions may already seem far away and irrelevant. However, this is … Read full post

Top Jobs in Healthcare for MBAs

January 16, 2015 by

In 2014, there were two important milestones in health care in the United States: the enactment of several key provisions under the Patient Protection and Affordable Care Act (PPACA) and the youngest baby boomers celebrating the big 5-0.

So what do these milestones mean for the years to come? A significant growth in new and well-paying jobs in healthcare—that’s what—and you don’t need to be a doctor to take advantage of this growth. In fact, many of these jobs in health care are geared towards business school graduates. Sure, these career options might seem a bit off the traditional path of investment banking, consulting, and financial services, but such niche positions can come with great financial and personal rewards.

Health care career paths for MBA graduates
Hospital Administrator

A hospital administrator is often referred to as the backbone of the facility. He or she makes sure that a … Read full post

Top MBA Programs in Europe

January 15, 2015 by

When it comes to choosing a business school, the majority of people (56.4%) cite ranking and reputation as the most important factors in selecting their MBA program or specialized masters. While you may be familiar with the top MBA programs in America, at schools like Yale, Harvard, Princeton, Stanford, Wharton, and MIT, you shouldn’t discount some of the high-ranking schools that Europe has to offer.

Why choose a European MBA program?

There are many reasons you might opt to study in Europe over the US. Not only would you get the opportunity to experience a whole new culture, but 29 of the top 100 MBA universities are located in Europe, according to The Financial Times Global MBA Ranking 2014 List. Also, with state-of-the-art technology and facilities and great scholarship and funding opportunities, European universities tend to offer a good value for your money—and therefore a good ROI, or … Read full post

3 GMAT Prep Mistakes to Avoid

January 13, 2015 by

Kaplan GMAT instructors will tell you that we hear common refrains from our students and friends. In my years of teaching, I have compiled a list of three of the most common mistakes my Kaplan students and personal friends have made while they are prepping for the exam. Test takers beware: avoid these common GMAT prep mistakes on the road to GMAT success.

Mistake #1:  Failing to make studying concrete

You’ve done this at least once. You say you’re going to study. You probably said it something like this: “I have to study for the GMAT this week.” Then suddenly, it’s Sunday night again and another week has passed and you didn’t crack a book or open your GMAT online syllabus. What happened? When planning your GMAT study, be specific. Don’t just say you need to do it, and don’t even just list Monday – ‘GMAT PREP!!!’ … Read full post

What Is the Best Business School for You?

January 12, 2015 by

When is the last time you were faced with the (possibly debilitating) question, “Where do you see yourself in five years?” Was it at a job interview? A discussion with mom and dad about your academic or professional future? If you’ve ever had to answer this question in a high-pressure situation or when you were unprepared, you know how nerve-racking it can be.

But think about it this way: putting careful consideration behind this “where will you be in five years” question can actually help you eliminate anxiety when choosing the best business school program for you. It can help you narrow down the list of MBA programs you plan to apply to, and, as interviews approach, get an advantage over the competition.

There are hundreds of business schools in the United States (some of which we’ve profiled on our blog), and many of them offer the … Read full post

GMAT Study Tip: Do the “Write” Thing

January 9, 2015 by

I take notes.  I write things down.  Those statements may sound less than novel, but more and more such actions seem to be just that.  In the classes I teach, both for Kaplan and at DePaul, it is the rare student I observe actually taking notes and it is the rare student who clamors for pen and paper to assist in communication during group work or to record the communication that takes place.  Instead, most learners and communicators either do not use a pen and paper at all or they have developed the lesser habit of using a computer to capture important information. However, I’ve got a GMAT study tip that will change your approach.

In a FastCompany article I came across the other day, there’s data offering a few more bones on the pile advocating for taking the ol’ reliable route of writing things down.  The article mentions a … Read full post

mbaMission’s 2016 MBA Class Profile Infographic

January 8, 2015 by

Choosing the right MBA program for your needs can be challenging. How do you identify the best one for your specific personal, educational, and professional goals? Get help choosing the right business school with our MBA class profile infographic.

An important element of your business school experience will be your fellow students—the other aspiring MBAs with whom you will be living and studying every day. Using Class of 2016 profile statistics from the top ten U.S. programs (according to U.S. News & World Report 2015), we at mbaMission have created this infographic to help show how the different programs compare. Enjoy!

Read full post

MBA News: A Return to Wall Street, Top MBA Programs in Europe

January 6, 2015 by

From a possible comeback for an MBA-starved Wall Street to the vocal disapproval of one Harvard Business School student, as well as the announcement of the top MBA program in Europe, let’s dig in to recent MBA news!

For decades, MBA graduates of a certain caliber had only Wall Street in their sights. The idea of starting their post-graduate careers anywhere else was simply anathema. Increasingly, however, the financial district of lower Manhattan is losing its luster—something that probably dates back to the economic crisis of 2008. Even though Wall Street itself has recovered magnificently, it’s no longer attracting young MBA blood in droves—a damaged reputation and flat salaries took care of that. But is a comeback ahead? (Poets & Quants)

One international student at Harvard Business School (HBS) is charging other students from his home country who also attend this top MBA program with prioritizing the party … Read full post

 

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