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? 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
By its very nature, business school is a means to an end. The benefits of business school are numerous: it can help us reach our goals, advance in our careers, and become better people.
At Kaplan, we have thousands and thousands of success stories—stories of people who, just like you, figured out how to get an MBA and made the decision to pursue it. Each of them answered the question, “why go to business school?” differently; what they had in common was a clear image in their minds of who they wanted to be and—most importantly—the will to go for it.
One such individual is Jennifer Shoemaker, a certified public accountant, marathon runner, and amateur boxer. To land her dream job and take her career to the next level, she needed an advanced accounting degree from a top business school.
Looking to unlock the good life by going to business school? Best to stay on top of the current MBA news. Check out some of the latest headlines, recaps, and studies about the MBA admissions process from media outlets across the country.
From parents of prospective MBAs having to foot more of their kids’ tuition bills, to a proliferation of GRE applications being submitted instead of GMAT applications, it’s been a busy few weeks. Here are some highlights in this month’s MBA news:
A new study finds that aspiring MBA applicants are increasingly planning to turn to their parents to help finance their education. Note the small gender gap. Women, who generally enter the MBA admissions process at a younger age and with less financial means, are more likely to have their parents involved in the financial aid equation than men are. (The Wall Street Journal)
Mentors can … Read full post
Since 2001, more than one million military veterans have been returning from Afghanistan and Iraq only to face high unemployment rates and a poor job outlook, so it’s no surprise that veterans are turning to higher education—including business school—when they return from military service.
Veteran applicants are highly sought in business schools, because the qualities that carry you through the military also make you successful in your business school education and career.
So follow our tips for getting into business school by presenting your military service application the right way.
Why business schools love veterans
“Military candidates are already leaders, and they have had significant experiences in team building, leading under pressure, and performing in stressful situations…. These are invaluable skills in the MBA classroom and in post-MBA … Read full post
It’s never too early to start putting together your MBA application. While you’re gathering your materials, it’s a good time to take stock of your progress and determine your next steps. Where are you in the process now? Where would you like to be next week, next month? We’ve put together some tips to get you going!
Before you apply to business school
Start at the beginning with the bigger questions before focusing on specifics like taking the GMAT and writing your personal essay.
- Determined your business school application timeline and which round of admissions best fits your strengths?
- Selected the MBA programs you’re targeting?
- Figured out how you’ll finance your MBA?
- Prepared for the GMAT by taking the Kaplan 20-Minute Workout
Did you know that most business schools process MBA applications in rounds? What does that mean for you? Well, for most schools, it means that there are three separate application deadlines—or rounds—of processing. How does this play into your business school admissions strategy?
Round one: application deadlines in September—October
Round one sees some of the best MBA applications. Those who apply in the fall are often candidates with good grades, solid work experience, and high levels of organization in their activities. If you are a strong MBA candidate, it is probably a good idea to apply in round one. Submit in the earliest round possible provided you don’t compromise the quality of your application.
Not to suggest you should postpone the process unnecessarily, even if you are not the most well-rounded candidate. If your GMAT scores are above 600, the early deadline is the one for you. In … Read full post
If you’re looking for an answer to the question you’ve probably asked yourself a million times— why get an MBA? —you can add this to the list of responses: Because you’re likely to get hired!
The continued upward momentum of MBA holders in the global labor market is especially encouraging in light of the overall grim employment trends for bachelor’s degree holders and experienced direct-industry hires.
A new article posted by the Graduate Management Admission Council (GMAC)—the makers of the notorious b-school admissions test, the GMAT—outlines key findings in two complementary surveys posted in late May 2014: the 2014 Corporate Recruiters Survey and the 2014 Global Management Education Survey.
“More companies in all sectors and across the world plan to … Read full post
Getting Into the MBA Program: mbaMission’s University of Virginia (Darden) Essay Analysis, 2014–2015
The Darden School at the University of Virginia claims to have released its MBA program application essay question for the year, but last year, it released a single essay question on its blog and then added more when the complete application was later released. Let us hope that Darden makes things simple for applicants this year and takes a “what you see is what you get” approach—keeping the required application essays to just one. We will stay on top of this and update our essay analysis as needed, if Darden happens to be up to its old tricks again!
Describe the most courageous professional decision you have made or action you have taken. What did you learn from that experience? (500 words maximum)
Darden’s use of the word “courageous” here may fluster some applicants, leading them to wonder, “At this point in my career, can I really say … Read full post
Getting Into the MBA Program: mbaMission’s Massachusetts Institute of Technology (Sloan) Essay Analysis, 2014–2015
The MIT Sloan School of Management bucks conventionality this admissions season and has added to the word count for its application essays—moving from a maximum of 1,000 words to 1,250. The school’s first MBA admission essay question remains the same as last year’s, but its second essay prompt presents an interesting challenge in that the admissions committee asks you to do exactly what it does not want you to do in reality: write your own recommendation letter. At least in this case, the school is allowing you to do so in the light of day. Thankfully, perhaps, Sloan has dropped its befuddling optional essay, which had invited applicants to share any additional information in any format. Candidates will be content to see clearer directives in the program’s essay questions. As always, our analysis follows…
The mission of the MIT Sloan School of Management is to develop principled, innovative … Read full post