Posted on August 30, 2012 by GMAC
The value of the MBA goes beyond purely financial estimates, as the degree also offers great potential for personal and professional development, satisfaction, and achievement. GMAC collected data from nearly 4,000 alumni, as well as thousands of this year’s graduating students and the employers planning to hire them and their feedback attests to the value of an MBA* degree.
Of course, your decision to earn an MBA is a highly personal one and frankly, the most compelling reasons for doing so lie not just in the statistical data, but also in the personal stories of students and alumni who can tell you about their experiences in an MBA program and beyond. Scroll down further to read two such personal stories from current second-year MBAs. (more…)
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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.
Filed under: Career, Integrated Reasoning, MBA, Official GMAT | Leave a Comment »
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.
Filed under: Business School, Choosing the right School, Masters of Accountancy, Masters of Finance, MBA, School Selection | Leave a Comment »
Posted on January 20, 2012 by GMAC
For many MBA programs, work experience is the heart of one’s candidacy. While academic preparation is essential, an applicant’s professional history informs his or her ability to contribute to classroom activities and integrate each course’s subject matter into a broader framework. Further, schools want to admit students who will go on to be successful alumni, and past performance is a strong predictor of future performance.
If you’re planning on applying to MBA programs down the road, it may seem obvious that you should try to excel in your career today. Still, some may find that objective so broad that they aren’t sure how to act on it. Knowing about the specific markers that admissions committees consider when evaluating a candidate’s work experience can help you to focus your efforts and take an active role in your ongoing career development.
MBA admissions committees often begin by considering a candidate’s overall career trajectory. At the most basic level, they’re looking for movement or change over time: among varied projects, into new or additional roles, or between functions or organizations. For candidates who have gained all of their full-time experience working for the same organization, business schools typically expect to see signs of upward progression, such as promotions, raises, or increases in responsibility. If you plan to stay the course with your current employer until it’s time for your applications, be mindful of this and take proactive steps to build momentum. For example, you might speak with your supervisor about paths to advancement in your firm, lobby for assignment to high-profile projects or clients, or volunteer to take on additional tasks outside of your basic responsibilities.
Filed under: Admissions, Applications, Business School, Choosing the right School, MBA, School Selection | Leave a Comment »