GMAT & MBA Admissions Blog

MBA vs MiM: The 11 differences that matter

Posted by Lisa Alvarado on Fri, Dec 09, 2016 @ 04:01 PM


For years the MBA has built up its reputation as the go to degree for individuals wanting to make a move into the management field.

What's more, it has fared exceptionally well by equipping various graduates with skills to move forward and enter prestigious positions in MNC's or create organizations of their own.

However, with all the rewards that accompany an MBA, it’s a well-known fact that top schools are extremely choosy and applicants need to meet several prerequisites to meet selection standards.

One such pre-imperative is the work experience required.

With the average age of applicants around 27-28 years, one can't consider taking up this degree before he has 4-5 years of experience securely added to his profile.

This race to gain significant work experience is especially troublesome for people who know they want to change to a  management role however to get to there, struggle to collect those lucrative years of work experience, at times in deadlocked occupations.

But times are changing.

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Tags: MBA vs. MiM

3 Key Components of a Good MBA Application

Posted by Lisa Alvarado on Fri, Nov 18, 2016 @ 12:50 PM

Applying to business school is an extremely competitive process. Top schools such as Harvard Business School, Stanford Graduate School of Business, and Wharton hold applicants to high standards, so putting together a good application is key.

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Tags: MBA Admissions

Four Common GMAT Myths

Posted by Mark Skoskiewicz on Fri, Nov 11, 2016 @ 04:58 PM

"It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so." – Mark Twain
 
There are many misconceptions about the GMAT. Some are harmless, but others can impact a student’s ability to score well and reach their graduate school goals. Here are five common myths with which you should dispense quickly as you being to prepare for the GMAT.
 
Myth #1: The GMAT is by far the most important admissions criteria
 
It’s stressful to imagine that your entire dream of business school rests on one test. And, unfortunately, that stress can increase the chances of you performing poorly on that critical exam. Luckily, this just isn’t true.
 
Don’t get me wrong. The GMAT is very important. It’s one of the top criteria admission committees consider, and if you want to go to a top ten school, you probably absolutely have to score in the upper 600s to have a shot, and most likely need to have a 700+ score to have a strong shot. But note, a) I’m only talking about top ten schools right now and b) I did not write that you must score 760 to have a strong shot at getting in.
 
In general, MBA programs really DO look at undergraduate grades and classes, leadership qualities, business experience, community service, and perhaps most importantly, your rationale for attending and the ways in which you’ll contribute to their class. For example, I scored a 710 on the GMAT and was accepted at Kellogg, while my boss (who obviously had more experience) scored a 760 and did NOT get in. I can only imagine it had something to do with the story he told about wanting to go to business school.
 
Myth #2: The higher you score, the better your chances
 
As with most things in business (and life), strategy matters a lot. Many schools use the GMAT as a threshold of sorts. Once you pass the threshold, you reach diminishing returns quickly, because after the committee sees a GMAT score beyond that threshold, they being to look at other factors mentioned above. 
 
I see too many students targeting top schools wasting their time trying with all their might to go from a 730 to a 760, and unfortunately they are almost certainly wasting their time and money. A top business school doesn’t view a 730 all that much different from a 760. Now, if you are targeting a top 100 business school, and you have a horrible GPA, a 730 GMAT score might get you accepted. And, if you are targeting a top 10 program, a 790 GMAT score might be high enough to stand out. But it is SO hard to get a 790. If you are currently at a 730, you are almost certainly better off focusing on writing excellent essays and pulling together a great application.
 
Myth #3: The GMAT is a grueling math aptitude test.
 
If you haven’t been in a math class in a long time, it’s easy to take a cursory view of the GMAT and, sincemany English speaking students are more comfortable with GMAT-verbal, view the whole test as a giant math test. In fact, the math skills tested on the GMAT are mostly from grades 9 and 10 (high school), though you are expected to apply those skills in creative and strategic ways.
 
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Tags: GMAT prep, GMAT

MBA Programs: The Best-Kept Secret Revealed

Posted by Jared Rand on Mon, Sep 12, 2016 @ 09:00 AM

 

You’ve done your research on MBA programs, and have resigned yourself to the fact that you’ll have to spend $50-$100k for your MBA. Right? Not so fast. Let me introduce you to the one top 20 business school, my alma mater, that pays you to attend through a working fellowship.

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Tags: GMAT, MBA programs, part-time MBA, full-time MBA, college tuition, MBA Admissions

Using Khan Academy for GMAT Prep

Posted by John Easter on Sat, Aug 06, 2016 @ 12:00 PM

 If you don't know what Khan Academy is, watch this. When it comes to GMAT prep, using Khan Academy can be a very effective tool for refreshing basic skills, but there's a catch. KA content is aligned to the common core state standards for math. The GMAT is NOT aligned to the common core.

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Tags: GMAT prep, GMAT tips, GMAT, GMAT Blog

GMAT or GRE: 3 Key Questions

Posted by Mark Skoskiewicz on Wed, Jan 13, 2016 @ 03:00 PM


I often get asked to help our students decide between taking the GMAT and the GRE. Here are the three most fundamental questions you should be asking as you make your decision.

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Tags: GRE Verbal, GRE vs. GMAT, GMAT reading comprehension, GMAT, Reading Comprehension

How Important is Work Experience When Applying to Business School?

Posted by Suzanne Pearman on Wed, Apr 01, 2015 @ 03:07 PM

Many potential MBA applicants worry about their level of work experience. This is an important piece of your business school application, and it can play an important role in the admissions process.

While some prospective students have already been working for years by the time they choose to attend business school, others are either just out of college or only have 1-2 years of work experience. Business schools will almost certainly take into account your prior work history, considering both the amount and the type of experience you have.

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Tags: business school, work experience

Should You Get Your MBA Abroad?

Posted by Suzanne Pearman on Wed, Mar 04, 2015 @ 03:13 PM

American business school applicants are increasingly opting to go abroad for their MBAs, and with good reason - there are many advantages to overseas MBA programs. However, there are also drawbacks, and there are numerous factors you will need to consider before making this choice.

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Tags: MBA programs, Studying Abroad

GMAT Scores: To Cancel or Not to Cancel?

Posted by Suzanne Pearman on Mon, Feb 23, 2015 @ 01:52 PM

At the end of the GMAT, you will be asked whether you want to report your scores or cancel them. This is an important moment, because it is the only opportunity you will have to cancel your scores. Once you report them, you cannot reverse the decision.

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Tags: GMAT, Test Scores

Time Management on the GMAT

Posted by Suzanne Pearman on Wed, Feb 18, 2015 @ 09:13 AM

How can you manage your time while taking the GMAT? I often get asked this question. For most people, the Quantitative and Integrated Reasoning questions pose the most significant time pressures, so in this post I will be focusing on those two sections.

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Tags: GMAT, time management