From a fascinating survey exploring the “why” of business school, to one dean’s MBA rankings advice, to closing the administrative gender gap, let’s dig into the latest headlines in MBA news and business school admissions. Leave your comments below…please.
Why business school?
The makers of the GMAT, the Graduate Management Admission Council, just published the results of a really interesting survey of nearly 12,000 prospective MBA students worldwide, shedding some light on the raison d’être of business school. A couple of MBA news nuggets from the survey: Almost 30% said they wanted to start their own businesses, up from about 20% in 2010. Slightly more than half (52%) polled said they wanted to go to a business school outside their nation of citizenship, a huge increase from 2010, when just 40% answered this way. Americans were the most averse to this path, with only 5% saying they wanted to attend … Read full post
Still considering applying to business school programs for the fall of 2015? Have questions about your chances at top schools in the third round (R3) of MBA applications? Are you worried that all hope for business school admissions and scholarships is lost?
We’re here to tell you that t’s not. Check out the answers to some of the most frequently asked questions about R3 in the MBA admissions process.
Question: Conventional wisdom says that the top MBA programs admit almost all of their incoming class in the first two rounds. Is it worth it to apply when there are so few spaces left?
Answer: Look at it this way. Yes, your chances of gaining fall admission to a top MBA program—a top-10 or even top-40—if you apply in R3 is low, but your chances of gaining fall admission to those top MBA programs if you don’t apply … Read full post
You use only the highest quality headphones, you’re the go-to friend for new music recommendations, and you have a curated playlist for every occasion. Music is in your blood … and you’re going to business school. An MBA could be your ticket to a lucrative career in the music industry.
For the next two years or so, most of your time will be devoted to group projects and case studies. Still, business school should be one of the most exciting times of your life, so you should think about spending those two years—and possibly more—in a location that will allow you to complete your studies and still find time to enjoy new bands, live music, and all that the music industry has to offer.
Why not live in the heart of a thriving music scene while you attend business school and think about where you should start your career as … Read full post
From raising your GMAT score by finding out where you went wrong the first time, to Harvard Business School looking for more students from Japan, there’s lots to share in recent MBA news.
A new way to raise your GMAT score
No one wants to take the GMAT more than once, but if you end up not doing as well as you would have liked, GMAT testmaker the Graduate Management Admissions Council (GMAC) now offers a new tool that may help you raise your GMAT score the second time around. For $25, you can receive a detailed report about your GMAT score and overall performance on your first exam. This will give you a better idea of the areas you need to focus on in your GMAT prep for your second go. (Poets & Quants)
MBA programs weigh in on admissions essays
Kaplan annual survey of admissions officers from business schools, graduate schools, law schools, medical schools, and colleges across the nation is in, and we’ve got the newly released findings about the trends and practices that will help you navigate business school admissions and get into those elite MBA programs. The hot topic of 2014’s survey, reflecting trends that will continue into 2015? Business schools slashing the number of application essays they require, or the word count therein.
While it’s true that some of the most competitive programs like Harvard, Stanford, Yale, and Wharton have instituted some version of the application essay slash, Kaplan’s research has found that the practice might not live up to the popularity its high-profile frontrunners have bestowed upon it. Only 13% of the more than 200 business schools that participated in our survey say they have cut the number of essays or words … Read full post
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
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
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.
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!
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)