Categories:   About the Test  |  Admissions  |  Financial Aid  |  MBA & Career  |  Practice & Events

MBA Salary and Return on Investment

October 24, 2014 by

The relationship of an MBA salary and what constitutes a great return on investment from business school are inextricably linked– for good reason.  The GMAC’s annual survey of business school alumni (21,000 graduates from 1959 through 2013) yielded some interesting results for anyone considering business school.

Business School Value

  • 91% recent business school alumni from 2010–2013 consider their graduate management education a good to outstanding value
  • 66% of alumni from 2010–2013 agree their education was financially rewarding
  • 95% of all alumni would recommend their business school program to others
  • 96% of all alumni report that they are proud to be an alumni of their graduate business program
  • 80% of all alumni attribute their career success to their graduate management degree

MBA Job Satisfaction

  • 86% of alumni agree that they make an impact at their company
  • 85% are engaged with their work
  • 85% have challenging and interesting work
  • 84% have meaningful
  • Read full post

5 Tips for Getting into the Best Business Schools

October 22, 2014 by

If you’ve been following along, you’re probably already familiar with the handy MBA application checklist we gave you a few weeks back. For you underclassmen out there, don’t go thinking that your business school application days are so far ahead of you that you casually file those tips away and forget about them … until it’s too late to really for you to affect your GPA, extracurricular activities, letters of recommendation, GMAT score, and more.

Applying for your MBA is a long-term process, and to be fully prepared, you need to start thinking early. Even if you are currently a freshman or a sophomore in college, you can begin taking steps toward becoming a competitive applicant and getting into the top MBA programs.

Here are five things that you need to start focusing on now. Doing so will help you build up the credentials you need to gain admission to … Read full post

MBA News for Prospective Students

October 20, 2014 by

From business schools critiquing the (new-ish) GMAT Integrated Reasoning section to a historic first at Rutgers Business School (and—you guessed it!—more business school rankings lists), here’s the latest in MBA news for prospective students applying to business school or taking the GMAT.

How relevant is Integrated Reasoning for your GMAT score?

  • According to Kaplan Test Prep’s 2014 survey of admissions officers at over 200 business schools across the United States, 60% say that a prospective student’s score on the GMAT Integrated Reasoning section (launched in June 2012) is not currently an important part of their evaluation of an applicant’s overall GMAT score.This represents a slight uptick from Kaplan’s 2013 survey, when 57% said an applicant’s GMAT Integrated Reasoning score was not important. Despite that finding, Kaplan’s survey also finds that 50% of business schools pinpoint a low GMAT score as “the biggest application killer,” confirming that prospective students still
  • Read full post

Does GMAT Integrated Reasoning Matter?

October 17, 2014 by

2014 Business School Admissions Officers Survey Results

According to our 2014 survey of admissions officers at over 200 business schools across the United States*,  60% say that an applicant’s score on the GMAT’s Integrated Reasoning section (launched in June 2012) is not currently an important part of their evaluation of a prospective student’s overall GMAT score.  

This represents a slight uptick from Kaplan’s 2013 survey, when 57% said an applicant’s GMAT Integrated Reasoning score was not important.  Despite that finding, our survey also finds that 50% of business schools pinpoint a low GMAT score as “the biggest application killer,” confirming that applicants still need to submit a strong score overall. And because GMAT takers receive a separate score for the Integrated Reasoning section, poor performance on this section cannot be masked by stronger performance on the Quantitative, Verbal or Analytical Writing Assessment sections of the Read full post

Your MBA and Parenthood: Balancing Business School and Life

October 15, 2014 by

Balancing business school and life can be challenging at the best of times, but when you add parenthood to the equation, “challenging” can describe the good days.  Does that mean it can’t (or shouldn’t) be done?  Of course not!

Getting more information is key.  Even if you don’t have or plan to have any kids while you’re in business school, you will definitely learn and work with many people who do. After all, most MBA candidates are farther along in their lives and career paths than your average graduate school student.

There are those that argue against having children while still in graduate school, but as some say, there may never be a “right” time to start a family.  Surprisingly, becoming a parent while in business school does have its bonuses.  A full-time school schedule is often more flexible than a traditional work schedule.

GradHacker pulled together a to-do list … Read full post

What Is an Intrapreneur?

October 13, 2014 by

Entrepreneurial vs. intrapreneurial thought: Outside the box; within the business

If you’re thinking about going to business school, odds are you’re familiar with the path of the entrepreneur and how many MBAs unlock the good life by launching their own startups. Maybe you even want to be a famous entrepreneur yourself, and, really, who could blame you? But don’t forget about the career path of the intrapreneur—a role that is gaining widespread attention in the business world.

Read on while we explore the differences between the contemporary entrepreneur and the uber-contemporary (trailblazing, really) intrapreneur.

What is an entrepreneur?

The fanfare surrounding the startup—and the successful entrepreneur at the startup’s center—has dominated the conversation in the business world for decades, partly due to self-starting magnates like Richard Branson, techies like Steve Jobs, young execs like Mark Zuckerberg, and real estate giants like Barbara Corcoran and her … Read full post

Latest News from Top Business Schools

October 10, 2014 by

Here are some of the latest headlines about what’s going on in top business schools today.

From a possible major disruption in the business school education model to doctors in business school, there’s a lot to cover. Oh, and there’s chocolate!

Topping the latest headlines…

Does online education spell trouble for business school admission?

  • Will business school programs that offer high-quality hybrid online education soon start poaching students and their tuition money from part-time and executive MBA admissions?

    It’s likely, according to UC Berkeley Haas School of Business Dean Richard Lyons. Lyons recently argued the point during a Boston University online conference attended by thousands, including 17 CEOS and 23 deans.

    Lyons predicts that half of the business schools could be out of business within 10 years. He calls it a “major financial disruption of business schools.” If he’s correct, that’s a whole lot of change approaching very soon. (

  • Read full post

Average MBA Salary and MBA Megabucks CEOs

October 6, 2014 by

Forbes pulled out all the stops when they published an article called “The MBA Megabucks CEOs.”  Most of us are interested in the average MBA salary question when it comes to rating our potential return on investment from business school, but the kind of megabucks this article was talking about are above and beyond what any of us dream of making– or are they?  I mean, it’s not for nothing that nine out of ten high school yearbook quotes talk about shooting for the moon.

As it turns out, forty out of the 100 best paid CEOs in America during 2011 hold an MBA degree. So an MBA can mean megabucks, but it doesn’t necessarily guarantee it.  But we knew that already.  While the promise (or better-than-average chance) of seeing a return on our investment in graduate education is an important factor in our decision to go, I … Read full post

MBA Admissions in the Headlines: October 2014 News and Reports

October 3, 2014 by

Here’s some of the latest news and reports about business school admissions and the current MBA landscape from media outlets across the country. From a jump in the number of applications of full-time MBA programs to a troubling small decline in the number of female applicants overall, there’s a lot to explore!

Leading off…

GMAC reports overall spike business school applications

  • Are happy days here again? According to a report by the Graduate Management Admissions Council (GMAC), the makers of the GMAT, most MBA programs are reporting significant growth in their full-time business school applications. 61% of global full-time two-year MBA programs that participated in the survey say they have seen application growth, up from 50% in 2013. Another way to look at it: 2014 is the first time in five years when a majority of schools reported a spike in full-time applications.One big surprise that GMAC’s research found: Six
  • Read full post

Business School Networking: Don’t forget your professors!

October 1, 2014 by

Anyone thinking about going to business school knows the value proposition includes networking. When I was asking around my social circle about what an MBA education was all about one close friend told me that 50% of the value was in the education itself and the other 50% came from the relationships you build while in school. The education-to-network breakdown fluctuates widely for different individuals, but a 50/50 split is a reasonable generalization.

Business school networking

The expectations around network-building likely involve some or all of the following:

  • your classmates
  • other b-schoolers you might meet at business competitions
  • outside professional relationships founded via an internship

Each expected source is reasonable, valuable, and realistic. However, an oft overlooked and severely under-valued source for enriching relationships the diverse, intelligent, experienced, and invested group of individuals that comprise your institution’s teaching faculty.

Bloomberg Businessweek article reminds us of the importance of making … Read full post

 

Subscribe to our mailing list:

" "