From Duke and Yale University’s new spots in MBA rankings and which MBA programs have produced the most billionaires, to programs geared toward women MBAs, lucrative compensation packages, and—everybody’s favorite—infographics, let’s dig into the latest in business school news.
Who’s rising in MBA rankings?
While Duke University’s Fuqua School of Business is basking in the glow of capturing top billing in last week’s new Bloomberg BusinessWeek MBA rankings, the biggest winners on the 2014 list are the near-dozen other MBA programs who made big strides.
The most noteworthy improvement belongs to Yale University’s School of Management, which jumped 15 spots to sixth place—its highest spot ever in any of the major (and many) rankings. (Poets & Quants)
Want to be a billionaire?
You’re in good company among the MBA crowd. Check out this list of MBA programs that have produced the most billionaires. None of the contenders will … Read full post
One of the hallmark points of confusion on GMAT Data Sufficiency is the dreaded Yes/No question.
In a Value question, such as “What is the value of x?” the question of sufficiency is a familiar one: if you can solve for x, you have sufficiency. But in a Yes/No question, especially when variables are involved, finding a solid answer can be a much cloudier process.
Sample GMAT Data Sufficiency Yes/No Question
The best way to clear this fog is with a concrete example. Let’s look at this Data Sufficiency question, along with its first statement:
Is x positive?
(1) x^2 > 1
Is Statement (1) sufficient to answer the question? Unless you have a comprehensive understanding of the underlying Number Properties at work here, your first reaction to this statement is likely to try out different numerical values for x, because working with real numbers instead of variables will … Read full post
Check out some of the latest MBA news from media outlets across the world. From changes in the business school applicant pool due to current economic trends to a sacked socialist government official heading back to business school, as well as soon-to-be-updated U.S. News and World Report rankings for MBA programs, there’s a lot to share!
- Newly minted MBAs from Stanford’s Graduate School of Business made finance the industry of choice once again this year. Why? Money. And lots of it. Think incredibly lucrative compensation packages. Nearly 30% of 2014 Stanford Graduate School graduates accepted job offers in finance, up from about a 25% last year. Forget those who say finance is out of favor in MBA programs—it’s still very much a top choice. (Quartz)
- Changes in the economy and culture have transformed the makeup of the business school applicant pool. Knowing these trends can help you craft
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.
4 Tips for a High GMAT Score, from Kaplan 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
What should your GMAT score goal be? This is one of the biggest initial steps in your GMAT process. We can help you set your target score as well as achieve it, but it’s not as simple a process as you might imagine.
Setting a GMAT Score Target
- Research your possible MBA programs. Compile a list of all the programs you’d like to attend. Be thorough in your research and clearly identify why you would like to attend each institution that makes it onto your list.
- Find out the average GMAT score for admitted students to each of your listed programs. If, for some reason, you cannot find that information online, call the admissions office and ask. Don’t be afraid to reach out!
- Set an above-average target GMAT score. Take a look at the highest average score on your program list; to be safe, you want to hit above the
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
The Graduate Management Admission Council (GMAC) announced on Wednesday that prospective business students taking the GMAT will now be able to preview their unofficial scores on Test Day before deciding whether to report or cancel them. This change will be effective for all GMAT test takers at all testing locations starting on June 27, 2014.
Up until now, GMAT test takers have been given the option of reporting or canceling their scores immediately after taking the test but before seeing their unofficial scores. Under the new process, test takers will see their unofficial scores — Integrated Reasoning, Quantitative, Verbal, and Total — and will be given two minutes to decide whether or not to accept them. If a choice is not made, their scores will be canceled by default. In addition, test takers who decide to cancel their scores at the test center will be able to reinstate them within … Read full post
Most business schools will ask an applicant’s recommenders to describe a weakness of yours, or a time when they offered you constructive feedback. You may face great temptation to ask your recommenders to avoid writing anything critical or to present a “disguised strength” as a weakness. Your recommender might write something like one of the following entirely disingenuous statements, believing that he/she is helping you, when in fact he/she is not:
- “John needs to learn to balance his work and home life better—he is always at work, making sure that he stays on top of every detail.”
- “Mary is a perfectionist and holds others, who just may not be capable, to the same high standard that she holds herself.”
Alternatively, a recommender who is afraid of hurting your candidacy may write about a “professional development” weakness, focusing on a business skill that you have not yet had the opportunity to … Read full post
Like many MBAs who are naturally filled with ambition and competitiveness, I would love to be an elite athlete, but like so many of us mere mortals (MBA or otherwise), I am not. I’m pretty good at some things (e.g., I love to get my yah-yahs out on the ski slopes, or tooling around at questionable speeds on my motorcycle), but when it comes to high-performance sports, I know I will never be a Michael Jordan or a Tom Brady. However, a recent article from Scientific American caught my eye in its discussion of the notion concerning Mental Toughness, a concept described by, among others, sports psychologist James Loehrer, and I realized how applicable the concept is to that competitive sport known as taking the GMAT.
The article describes 12 key attributes of mental toughness, identified from a series of interviews with highly-accomplished athletes:
- Unshakeable self-belief in your ability
As I mentioned in my previous exploration of GMAT Reading Comprehension, most of the questions focus on the author’s purpose, so if you can at least identify her main idea as you slog through the passage, the author will guide you to the right answer in three out of four of those main question types:
- The correct answer to a Global question is essentially a statement of the author’s purpose
- The right answer choice to Inference questions, even though these can seem completely speculative, will never contradict the author’s purpose, and is often directly informed by that purpose.
- Logic questions look for an answer that addresses why our author has included a detail or a paragraph in her passage; the why is that that detail or paragraph always serves her purpose.
Common GMAT Reading Comprehension Trap Answers
Now comes the fun part: beating the test designers at their … Read full post