June | 2012 | The Official GMAT Blog

“Big Data” Defines Next Generation Jobs

Posted on June 21, 2012 by GMAC

If you are reading this blog post YOU are part of the data explosion that is transforming the nature of global commerce and training yourself to handle multiple sources of information to make decisions.

Every time you use Facebook, Twitter, Google, the Web, YouTube, a tablet device, a mobile phone, GPS, email, or any digital social media platform to communicate, make purchases, or conduct business, you are maneuvering the virtual tsunami of data bytes washing across the globe. [It’s estimated there are more than 2.5 quintillion data bytes a day of “big data” moving among us.][i]^{, [ii]}

With so much information, there’s increasing demand in both private industry and public policy arenas for MBA and master’s graduates with the analytical and decision-making skills needed to process what’s critical and evaluate these multiple information streams.

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Beyond the MBA: Other Types of Business Degrees May Be More Suitable for You

Posted on June 5, 2012 by GMAC

Spot the Difference

Choosing the right postgraduate program is a highly subjective process because everyone has different goals, ambitions, and circumstances. For example, in North America, many MBA programs accept graduates with less than three years of work experience (e.g. Harvard Business School’s MBA has no minimum work experience requirement). By contrast, many European business schools set a minimum career criteria of three to five year’s work experience for MBA candidates—meaning there’s a more significant gap in age between those pursuing an MBA and those pursuing a master’s.

Different Programs Attract Different Students

Applicant characteristics for the incoming 2011–2012 classes of graduate management education programs varied greatly among program types as reported by business school admissions professionals in 2011.

On average, MBA programs and specialized master’s programs tend to attract different types of prospective students. Most applicants to full-time MBA programs are between the ages of 26 and 30 and have three to six years of work experience. Individuals who applied to specialized master’s programs were overwhelmingly younger than applicants choosing to attend MBA programs. The majority of applicants to management (72%), accounting (75%), and finance (76%) master’s programs were 25 years old or younger and also had less work experience than MBA candidates. The average percentage of applicants with less than one year of work experience ranged from 56 percent of management program applicants to a high of 70 percent for accounting program applicants.

Below are examples of applicant profiles reported by admissions teams in 2011.
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Filed under: Business School, Choosing the right School, Masters of Accountancy, Masters of Finance, MBA, School Selection | Leave a Comment »