When assessing business school and an MBA, the ‘Money Issue’ is nothing if not multi-faceted. Since graduate degrees are an investment, like any other investment, there is up front cost. Some are fortunate enough to not have to secure student loans to help pay for graduate school, but most, unfortunately, do need this type of financial assistance. So, how do you pay for business school once you’re in?
Last year, I wrote about a proclamation made by the student loan ombudsman at the Consumer Finance Protection Bureau (CFPB), Rohit Chopra. Mr. Chopra declared the student loan system in the United States economy as ‘too big to fail.’ The student loan debt market, comprised of public and private lenders, shot past $1 trillion in early 2013 and continues its relentless climb.
It is a wonderful thing to not have to take on debt in order to pursue a graduate … Read full post
We at mbaMission find that because the overall pool of MBA candidates is so anonymous, many applicants believe that any negative difference, however minimal, that exists between them and other candidates could represent a huge disadvantage. For example, a candidate who has no alumni connection to his/her target school may become anxious that he/she is already “behind” at the starting line. While alumni help, we can assure you that if you are a strong candidate, you will not be “dinged” by a program just because you do not have a relationship with any of the school’s alumni. In fact, the vast majority of applicants do not have direct connections with alumni from their target business schools.
The bottom line is that in some cases, if you know a powerful alumnus or alumna, he/she may be able to help you in your candidacy. However, a standout candidate who does not have … Read full post
We have noted before in our Mission Admission series that it is never too late to improve your business school candidacy by engaging in community activities. Today, we send a similar message with regard to personal leadership—you always have time to take steps to bolster your chances of admission.
Many business school candidates completely ignore the personal side of their candidacy. But if you have completed a triathlon, learned a language, published an article or simply been an inordinately dedicated neighbor/sibling/mentor in an unofficial capacity (for example), these kinds of stories can provide interesting points of differentiation. Your personal goals help you stand out from the rest of the applicants. So, if you have an activity or adventure in mind that you would otherwise complete later, go ahead and pursue it now. We are not suggesting that you go out and start writing poetry tomorrow in hopes of getting … Read full post
Black History Month allows everyone the opportunity to reflect on the storied history and impact of the African diaspora around the world. In case you were not aware, the annual observance is not exclusive to the United States—it is also officially observed during the month of February in Canada and Germany. Additionally, the United Kingdom celebrates Black History Month in October.
February also marks a waiting period for many b-school applicants. With most Round 2 deadlines passed, awaiting word on acceptance is all that remains in the long process of applying to business school. That also means that February is a great time to look forward to the fall! While you might not yet know where you will be come August or September, chances are you may well be starting your graduate school career and it is critical you make the very best of it.
There is more to b-school … Read full post
It’s a simple question: why should you get an MBA? Maybe you shouldn’t. Let’s just get that out of the way right now. Despite chewing on the idea and even finding some solid reasons to toss onto the ‘Yes’ pile, it may well be true that, all things considered, business school just might not be the right choice for you— at least not right now anyway, but maybe never.
Lots of analysis and introspection must go into the final decision about whether studying for the GMAT, applying to business school and getting an MBA are right for you. Below is a Top 5 list to help that thinking along.
- Your career needs it. From the corporate employee to the entrepreneur, everyone is on their own unique career trajectory with their own unique set of goals and aspirations. The MBA is a professional degree and it is meant to be applied
For many business school candidates, Round 3 is a time to sit back, relax and wait for the MBA admissions committees to make their decisions. However, for others, the third round is a time to be conservative and apply to a safety school. But what constitutes safety schools?
Although determining exactly what a safety school is can be difficult (given that many variables are involved, and the definition can shift depending on the candidate in question), a good place to start is with scores. If a candidate’s GMAT score and GPA are significantly higher than the target school’s averages, then the school is—at first glance, at least—a “safe” choice. So, for example, if you have a 750 GMAT and a 3.8 GPA and you are applying to Emory’s Goizueta School (GMAT middle 80% range 620–730 and GPA 3.4 for the Class of 2015), you are off to a promising start…. Read full post
Anyone interested in full-time MBA programs hopefully already knows that most institutions have Round 1 application deadlines in or near the month of October. Yet, it is likely that a sizable percentage of those interested, perhaps even the majority, do not know anything about business school application rounds at all, much less when the deadlines are.
This bit of b-school trivia is all too often something folks begin figuring out over the summer months. When people do uncover the information, they will likely feel that they have all the time in the world. They might even congratulate themselves for starting so early!
Then, when the grindstone really gets leaned into and all the aspects of an application package begin to take shape, it hits countless aspirants: they really ought to have begun the process much, much sooner.
Time flies and there is a lot to be done. Those looking to … Read full post
If you are like most people, the title of this post seems to be written in code. If so, then at least you’re on the right track––code has something to do with it. MOOC stands for Massive Open Online Course and it is an acronym your children will likely take for granted if current MOOC trends reflect anything about the future.
Back in early February 2012, I wrote a post on this blogroll about an interesting online class taught by a professor at Stanford University and a director of research at Google. I wondered aloud if this might change the business of education forever. In 2011, the two gentlemen, Prof. Sebastian Thrun and Mr. Peter Norvig, offered free and open access to a course called Introduction to Artificial Intelligence to anyone with an internet connection and interest in the topic.
The free online version ran in tandem with … Read full post
Mean GMAT scores are influenced by all sorts of factors and are, of course, derived from compiling scores significantly above, significantly below, and all points in between a plotted average. Plus, it is certainly worth noting the vast differences in the individual human beings that are submitting these scores. These folks undeniably come from extremely different educational histories and socio-economic statuses. Each person decides on his or her own level of preparation in order to achieve wildly different target scores relevant to wildly different admissions criteria. And the list of mitigating factors goes on and on. Nonetheless, comparing arithmetic mean GMAT scores from nation to nation tells an interesting if not complete story and raises at least a few novel questions.
The U.S. has long been criticized for an educational system that appears to be less than it ought to be considering the wealth of the nation. Arguably, the most … Read full post
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.
Advice for GMAT High Scorers, from GMAT Expert Gene Suhir
- 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).
- 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 on