If you’re anything like us, you probably started out 2015 with a long list of New Year’s resolutions. Maybe you wanted to:
- get a better job
- earn more money
- learn a new skill
- better yourself
Sound familiar? Perhaps you even scrapped one or two of these resolutions, thinking that your passing ambitions were too high for your daily commitment. However, there’s one way that you can tackle all of these resolutions at once in 2015: by applying to business school.
Think about it—whether you’re realizing a lifelong dream of finally taking the plunge to earn your MBA from a top business school or simply making a responsible move for your professional and financial future, getting your MBA can have countless benefits in the years to come.
Now that you’re a month or so into 2015, those resolutions may already seem far away and irrelevant. However, this is … 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
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)
Thinking about taking the GMAT and applying to business school? Your head is probably spinning with the possibilities of what you might study, which school you might select (and which one might select you), and the steps you will need to take to earn your business degree.
Before you get too deep into the process, however, you should ask yourself: Why business school? Is an MBA right for me? Oh, sure, you should think about this for crafting the personal statement on your business school application, but it’s also important to consider in terms of your own long-term career goals and self-reflection. Being confident in your choices and motivated in your life’s direction can help inform your path to business school success.
From bargaining for scholarships and the increasing tuition of MBAs at America’s top business schools, to an inspiring rags-to-riches story and bizarre PayPal policies, there’s a lot to share. Let’s dig into this week’s MBA news!
What you don’t know can cost you
One of the biggest misconceptions about going for your MBA is that there is little scholarship money or financial aid, beyond loans, to be had to help you offset your MBA cost. That’s a VERY expensive misconception. The reality is that, depending on your needs and merits, business schools have plenty of scholarship money to award to high-achieving students. Ever seen their endowment figures?
Our advice to prospective students applying to those top business schools: package yourself the best you can and learn the art of the bargain. Be respectful and proactive when it comes to financial aid. The worst they can say is no. (Poets … Read full post
The price tag of an MBA and the rising debt of newly-minted business school graduates could make anyone stop and second guess their plans to return to business school, leaving them wondering, Is an MBA worth it? It’s important, however, to consider the cost of business school an investment—it’s certainly what the top MBA programs do, emphasizing the “investment” factor over the price of tuition. Frankly, we agree.
While you can’t ignore the $42,000 in debt that the average MBA grad accumulates, you can weigh that initial investment against future earnings and career trajectory to make an informed decision about how the return on investment (ROI) of an MBA figures into your future. Here are some things to consider about the ROI of an MBA that will help you answer the question, Is an MBA worth it?
The ROI of a top-10 MBA program
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
Although quantifying a school’s profile certainly does not tell you everything, it can sometimes be helpful in simplifying the many differences between the various MBA programs. We recently surveyed a number of visitors to our site to get a feel for the concerns, plans, and mind-sets of this season’s MBA applicants. Now the results are in, and for those who are curious about their fellow applicants’ views on business school, here is some of the collected data.
This year, we asked MBA hopefuls what was most important to them when choosing a business school to attend. Well over one-half of our survey respondents (56.4%) cited “reputation/ranking” as their primary criteria for MBA program selection, while “professors/academic resources” and “recruiters/corporate connections” tied for a distant second place, with 15.4% of the votes each. Trailing the list of school factors under consideration were “location,” “alumni base,” and “cost/tuition”—which received just 5.1%, … Read full post
If there’s one thing future MBAs are likely to understand, it’s the value of a good investment. Even though figuring out how to pay for an MBA can present a challenge, business school applicants may be uniquely qualified to find ways—in the form of both loans and MBA scholarships—to cover their tuition. Just ask the 43% of MBAs who have managed to offset the average $42K of MBA debt and graduate with no student debt at all.
In addition to MBA scholarships, there are multiple sources that business school applicants can look into for funding a graduate degree: Federal Perkins and Stafford Loans, private loans, personal savings, and family or parental support. The challenge with loans, of course, is that you have to pay them back, and money out of pocket is far from desirable.
Scholarships, on the other hand, are like a financial high-five for being awesome…. Read full post
If you think MBAs and nonprofits are about as compatible as oil and water, think again.
Yes, finance and consulting industries lead the top-10 industry preferences for recent MBAs, but nonprofits and social enterprises squarely make the list.
Getting an MBA does not cut you off from a lifetime of social consciousness—far from it. MBAs can contribute volumes to the successful operation of a nonprofit. Still, the nonprofit world faces some challenges attracting MBAs, as many shy away from social enterprise due to (legitimate) concerns about lower earnings, especially when you consider the post-MBA educational debt that faces most business school grads.
While this is a valid concern, some of the stereotypes about MBAs in the nonprofit sector are no more than fallacies. You can successfully apply your MBA degree and your business school skills to the world of social activism. Read on as we help bust a … Read full post