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
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
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
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
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. (
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
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!
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
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.
Hoping to unlock the good life by going to business school? It starts with a high GMAT score. It takes serious drive and dedication to become a skilled test taker. These five tips will help you on the path to success.
Top 5 Secrets of Earning a High GMAT Score…
Average test-takers see the GMAT as a fearsome roadblock, or a nuisance. 700+ test-takers see the test as an evenly matched competitor, and not something superior, and thus look at it as an exciting challenge.
GMAT high scorers balance strengths and weaknesses, quantitative and verbal.
GMAT high scorers welcome mistakes, because mistakes are where new points will come from. They look for patterns of holes or flaws in their game on every question, and find a resolution that’s achievable under test conditions.
Hoping to unlock the good life by going to business school? Stay on top of what’s making news in business education today with these latest headlines, recaps, and studies about the MBA admissions process.
From Wharton topping Harvard in the coveted category of average GMAT score, to business school admissions officers frowning on “helicopter parenting,” here are this week’s highlights in MBA education news:
- For the first time ever, the University of Pennsylvania’s Wharton School has an average GMAT score for its new class of MBA students that beats the average GMAT score for Harvard Business School’s new class: 728 vs. 726. While Wharton’s 728 mean score only went up three points from last year, the new high is a sizable increase over its 718 score in the previous four years. Meanwhile, Stanford School of Business has yet to release its own average GMAT score, and, historically, they’ve been