Last summer, the GMAT made the most major change to its format in 15 years by replacing one of the essays with the Integrated Reasoning (IR) section. Since then, GMAT test-takers have been wondering how IR impacts their b-school applications. As it turns out, business schools are wondering exactly the same thing.
In the IR section of the GMAT, test-takers evaluate data in graphs, spreadsheets, and charts, similar to the materials they will eventually see in business school. In theory, IR can better assess students’ ability to perform the tasks expected of them in business school and the work world. Nearly a year after the inclusion of IR, the Graduate Management Admission Council (GMAC), who administers the GMAT, and business schools nationwide are taking the first steps to determine what role IR should play in the admissions process.
Let me begin by introducing the 700lb gorilla in the room: creating a sound financial argument for choosing to quit your job and go to b-school full-time is extremely difficult. In a previous blog post, I wrote about the financial reasons to consider a part-time MBA program.
For the purposes of this post, I’m going to move beyond the money issue and speak about what going full-time meant to my experience as compared with the many part-time students I worked with while in school. Then I’ll kick it over to my colleague, Jonathan Wylie (a current part-time MBAer) to see what he has to say about his experience as he finishes up his first year in Berkeley’s program. I’ll begin at the beginning…
As you may know, I recently took a break from studying the GMAT, but I didn’t take a break from researching B-school programs. I had the pleasure of interviewing my friend, Cavaughn Noel. He is a 2009 graduate of the NYU Stern full time program. Here are some of the golden nuggets he shared with me:
Candice: I know it’s been a while, but can you recall your experience preparing for and taking the GMAT? Do you have any tips for those of us still in this stage of the B-school application process?
Cavaughn: It was hard (laughing) – we all know that! I didn’t take a prep course beforehand, but looking back, I think it would have been a good idea. I took a lot of practice CAT’s. Repetition is key. The more practice tests I took, the more comfortable I felt with the questions. … Read full post
Business school rankings can be highly influential. For that reason, competition among programs is intense for top spots and such competition ensures continuous programmatic improvement (at least we hope it does). Well, let the games begin for online MBA programs.
US News released what it calls the Top Online Business Degrees honor roll, their first ever such ranking of online MBA programs, on January 11 of this year. In the report, US News singles out fourteen institutions out of the 164 ranked programs as deserving of the prestigious post.
As per the US News website, “A program made the Top Online Business Degrees honor roll if it was ranked in the top one third of three out of the four indicators: admissions selectivity, faculty credentials and training, student engagement and accreditation, and student services and technology.” The list is interesting and perhaps even mildly surprising in that it … Read full post
Content Tips & Tricks
Now that you are more familiar with a U.S. resume, have an idea of the format you will use and know what to include, these tips and tricks will help ensure you maximize your resume effectiveness and present the reviewer with the best picture of what you have to offer:
● Be clear and concise: Overly flowery adjectives and verbs can leave an employer annoyed or, worse yet, confused. Keep your work experience brief and concise. Use bullet points when possible and use action verbs to describe the nature of your roles with prior employers. Always strive to detail accomplishments, rather than just job responsibilities.
● Short and sweet: Remember, resumes should be short and sweet. American … Read full post
This is part 2 of a 3-part series. Make sure to read Part 1 to understand the context.
Do be sure to include content broken down into the following categories:
Education: Be sure to list any relevant education to the opportunity in which you are applying. For instance, if you attended a trade school and it is relevant to the position, it is appropriate to list it. Otherwise, be sure to list any institutes of higher education and degrees earned. Majors and minors are generally good to list, while GPAs are unnecessary in most cases but highly recommended if higher than a 3.5 in a 4.0 scale. The same also goes for standardized exams. If you’re in the top 10%, show it. Otherwise, leave it out.
Professional Experience: Professional experience is typically best when detailed chronologically. This will make following your career … Read full post
Do you think GMAT prep classes are expensive? Well, a top score on the GMAT can result in a huge ROI. In a recent CNN Money article, the story of the growing trend in b-shcool scholarship awards is music to anyone’s ears, especially to those that are doing what it takes to crack the GMAT.
“Some schools are literally buying applicants with high GMAT scores… To put it in perspective, each year Harvard Business School is giving its students a sum of money that is nearly equal to the entire $31.5 million endowment of the London Business School.”1
MBA scholarships used to be extremely scarce. After all, we are dealing with a group of people that clearly understand the need for revenue and that stuff simply costs money. But, applications are down for the third straight year and tuition rates have been outpacing inflation for over … Read full post
My wife had our son while she was in graduate school. I wrote about it a little in a previous post. It has now been about ten months since the little guy made everything so much better simply by showing up, and my ideas about what it means—truly means—to be a parent have broadened, deepened, and been filled with sublime detail.
The Economist recently published an article entitled “Of MBAs and Motherhood” that I highly recommend anyone give a read. Even if you don’t have any kids or plan to have any while you’re in school, you will definitely learn and work with many people who do. This article may help provide some helpful perspective for everyone, regardless of their role in perpetuation of the species.
My wife and I struggle everyday to meet the needs of our careers and our family. While I work (more … Read full post
In a recent post, I brought you some welcome news about the 2012 job outlook for MBA hires. Well, good news is a wonderful thing in such an economic climate and WSJ’s MarketWatch threw together some interesting bullet points from GMAC’s report you might want to peruse.
With 2011 behind us and so many of you clamoring to get the GMAT out of the way before the test change in June 2012, it’s sometimes hard to lift up our heads and have a look at what happens after this whole grad school thing is over. Well, now is a good time to do just that ‘cause it sure looks like roses.
InsideHigherEd.com regularly updates a little audio blog they call ‘Academic Minute.’ Contained within it are a couple hundred recordings of various professors from universities across the nation on topics ranging from art to science to business, etc. One I recently stumbled across got me thinking about the decision we’ve all made to get a master’s in management degree. Turns out, that decision just might reveal something about the state of our current lives.
In the recording “Fourth downs and business decisions” Vanderbilt Professor Rangaraj Ramanujam discusses some research he and some colleagues put together. They were interested in why and when football teams choose to ‘go for it’ on a 4th down instead of punting. Admittedly, I do not know much about football and am not very interested in the game. However, I was not surprised to hear about what the study revealed: teams go … Read full post