2010 Business School Rankings

Choosing a good business school is an important decision for your education and career. It is important to take time to learn about various programs and review all of the information and rankings available. US News & World Report and Business Week are two reliable sources that rank the top business schools each year.

In 2010, Harvard Business School at Harvard University and Stanford University’s tied for first on the US News and World Report list. Third place went to the Sloan School of Management at the Massachusetts Institute of Technology (MIT) and fourth to Northwestern University’s Kellogg School of Management. The University of Chicago’s Booth School and University of Pennsylvania’s Wharton School tied for fifth place on the list of top business schools.

Business Week also provides rankings of the best business schools in the United States, as well as the top international programs and part-time options. Business week ranked University of Chicago’s Booth School first, Harvard Business School second and Northwestern University’s Kellogg School third. Wharton School at the University of Pennsylvania came in fourth on Business Week’s list and the University of Michigan’s Ross School placed fifth.

The Queen’s School of Business in Kingston, Ontario ranked first in Business Week’s list of top international business schools. Business Week also ranked the best part-time MBA programs with Worcester Polytechnic Institute in Worcester, Massachusetts coming out on top. Carnegie Mellon University’s Tepper School placed first on this list in 2009. There are many excellent part-time programs that are designed to fit into each student’s unique situation and schedule. Through these programs, it is possible for students to continue to work or have a family while they are earning their MBA.

Admissions for the top business schools are extremely competitive. It is important to prepare an application that sets you apart from the pool of applicants. For business school applications it is important to highlight your unique experiences in work, education, and even travel. These are things that will shape how you perceive business and how your MBA will fit into your career plan.

Performing well on the GMAT is key for people who want to attend a top business school. The GMAT, in combination with the undergraduate transcript and work experience, will help to determine where you will be accepted. A solid GMAT test prep program will prepare you to excel on the GMAT. When preparing for the test, online test prep programs are a great option for people with full time jobs and hectic schedules. GMAT practice exams will help test takers to prepare for the unique format of the GMAT.

Which MBA program is right for you?

The decision to get an Masters of Business Administration requires research and preparation. It can be an important step in furthering a career and the right program will open many doors. There are various types of MBA programs available and it is possible to find an option that is suited to every type of student.

Requirements
Most MBA programs require a standardized test, most commonly the GMAT. GMAT test prep can help you to gain a better idea of what you will need to study in order to do well. Online test prep is a great option for people who want assistance that fits into a hectic schedule. It is also important to find out about any GPA or course requirements from your undergraduate degree. Some MBA programs will want you to have taken a certain level of math courses, but many make it easy to complete these requirements at the start of the MBA program if need be.

Location
Many prospective MBA students will want to stay in a certain region while others are willing to relocate for the right program. It is often worthwhile to consider schools in your area or schools in close proximity to an area where you would like to live and work after completing the program. There are also many online MBA courses that can provide a flexible option to students who would like to complete their MBA primarily from home.

Schedule
Most full time MBA programs will require two years to complete. While a part-time MBA program will take longer to complete, these programs are typically designed for working professionals who would like to continue to work throughout the program. These programs will offer a full range of evening and weekend classes to accommodate this schedule. Some schools also offer an accelerated MBA course that can offer students the opportunity to complete an MBA in as little as one year. These programs will generally require a high level of dedication and an increased time commitment for the shorter period of time.

Courses
MBA programs often offer concentrations such as finance, marketing, human resources management, or non-profit management. If you have a specific interest area, these can be a great opportunity to take additional specialized courses. Each MBA program will offer different types of courses that can be used to complete the requirements. Reading over the course descriptions from prospective universities can offer a better idea of which program offers classes that are best suited to your career goals and interests.

GMAT Critical Reasoning Section Broken Down

About 11 questions in the verbal section of the GMAT fall into the “critical reasoning” category, and they will require the candidate to read short passages ranging from 20 to 200 words. Usually, a passage presents an argument and tries to persuade the reader that the point it makes is valid. To accomplish this, evidence is presented, followed by some assumptions and the resulting conclusion.

This section is meant to assess the students’ skill in constructing an argument and evaluating one that is presented to them, but they will not need any previous knowledge of the topics being covered. Instead, they must weigh the answer choices presented to them carefully, so that they can detect even the slightest error in reasoning. One of the incorrect choices will suggest something that is totally opposed to the argument maintained in the passage, a choice that is really not covered in the passage, and a choice that completely distorts the facts.

To complete the section successfully, candidates should:

● Read the question before reading the passage. This is called “working in reverse order,” and doing so will help them in finding the correct response.
● Look for the evidence and assumptions presented in the passage, and the conclusion that is at the heart of the question.
● Become familiar with the basic concepts being covered in this section. If a question seems particularly difficult, they should try translating it into simpler language and work from there, remembering that some of the questions are hypothetical and that they should only deal with the facts presented in the passage.

The various types of critical reasoning questions contained in the GMAT include:

● Numbers and statistics – Students focus on ratios and numbers because they have to distinguish between them and take the data at face value as well.
● Studies and surveys – Experiments may also be included here, and candidates are asked determine if the results have been misinterpreted in some way.
● Scope-shift – Here they will detect a slight change in emphasis. (For example, “first-time home buyers may be changed to “recent homebuyers” later on, and this is a sign of faulty argumentation.)
● Causation – In this case, the “result” is mistakenly presented as the “cause.” The passage may state that a problem arose because of a particular factor when its development was actually far more complicated than that.
● Alternative explanation – Here, the argument presented in the passage is incomplete and another solution is needed.
● Explain-a-paradox – In this case, they have to choose the response that fails to meet certain standards, and words indicating a contrast of some kind (however, but) are especially important.

Preparing for the GMAT

For online test preparation, students can visit: http://www.blinetestprep.com/gmat, and choose from one of the three unique programs this company offers to suit their specific needs and circumstances. Also, as part of their overall test preparation, candidates should develop their personal studying strategy and sharpen their professional writing skills at the same time. Taking classes to prepare for the GMAT may involve some expense, but they also provide the motivation and support that many candidates need. Many often find that by signing up for an online test prep class fits into their schedule and provides a good foundation before you take the test.

GMAT Reading Comprehension Section Broken Down

The GMAT reading comprehension section of the test is comprised of around twelve to fourteen questions that are within the verbal section of the test. The time available for the verbal section of the test is seventy five minutes. There are four passages to read with three to four questions following each passage. This section of the GMAT measures the skill to precisely and thoroughly read a passage, and then be able to correctly answer questions regarding it. The ability to draw conclusions from the material while paying attention to what the actual question is asking important. Certain parts of the text might be there just to confuse the test-taker. Attention to detail is essential for scoring well on the GMAT.

There are usually three areas that the reading comprehension section focuses on. They are Science (biology, etc.), Social Sciences (history, politics), and Business. The Science section usually has the factual questions, while the Social Sciences and Business sections usually contain the more difficult inference-type questions. A student may be asked to infer an author’s mood from reading a 200-400 word passage. These passages can often be filled with obscure words to further confound the test-taker.

Some useful tips for getting the optimum score on the GMAT include preparing as much as possible for the test. A student that uses multiple study methods such as flashcards, workbooks and an online test preparation course will be much better prepared than a student who does not utilize those methods. Studying over the course of three months is definitely favorable to studying for only three weeks. During the test, the test-taker should pace them self accordingly. Jot down notes in order grasp a certain concept. If a particular question is presenting a problem, then moving on to the next question and returning back to the more difficult question later is a viable option. Spending too much time on any one question can interfere with the ability to finish the test, therefore lowering the test score considerably.

GMAT Test Overview

The GMAT, or Graduate Management Admission Test, is a widely recognized tool for evaluating the aptitudes of business school applicants. The GMAT is designed to measure an applicant’s analytical writing aptitude, mathematical ability, and verbal skills. Online test prep will help you prepare, at your own pace, for the kinds of questions to expect.

The first section of the GMAT is the Analytical Writing Assessment, or AWA. Thirty minutes are given to complete each of two writing tasks. The first involves analysis of a particular issue, and the second is analysis of an argument. Online GMAT Test Preparation will help you understand what sort of issues and arguments to expect and how to prepare your answer.

The second section of the GMAT is the quantitative, or mathematical, section. Seventy-five minutes are allowed for the completion of 37 randomly-generated multiple-choice questions. Some of these questions will ask whether the right information has been supplied to answer a specific question. Others will be calculation and word problems. A quality online GMAT test preparation course will familiarize you with these two different forms of quantitative questioning.

The last section of the GMAT evaluates verbal skills, including critical reasoning, reading comprehension and sentence correction. Online GMAT test preparation will guide you through reading samples and comprehension questions, sentences and their possible errors, and how to identify assumptions and draw conclusions from a given argument.

The verbal and quantitative portions of the test feature randomly generated questions that adapt to your answers. If an easier question is successfully answered, the next one will be slightly harder. Incorrect answers are scored higher than skipped questions. Online test prep will help you get the feel for how this adaptive component of the GMAT works.

A GMAT score includes a ranking in each of the three skill areas. The total score for the verbal and quantitative sections will range from 200 to 800, with the median being about 500. This is what is usually referred to as the GMAT score. The AWA section is scored separately from the two other sections. Top business schools require GMAT scores above 700 for admission.


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