Top 10 MBA Programs in the World

The Financial Times ranks the top MBA programs in the world each year. Many of these top schools are located in the United States, while others on the list are located in the United Kingdom, France, Singapore and China. For students looking for an international experience, there are many excellent options located all over the world.

1. The London Business School ranks as the world’s top MBA program. Tuition for the London Business School is 49,900 British pounds sterling or approximately $78,850 US dollars. This tuition is for the entire 15-21 month program and includes reading materials.

2. The University of Pennsylvania’s Wharton Business School ranked second on the Financial Times list of top MBA programs. The MBA program costs $46,600 per year.

3. Harvard Business School at Harvard University in Massachusetts costs $46,150 per year.

4. Stanford University’s Graduate School of Business in California also ranks as one of the best MBA programs in the world and costs $51,321 per year.

5. Instead, sometimes called The Business School of the World, has one campus in Fontainebleau, France, and another campus in Singapore. The MBA program costs 52,000 euros, approximately 68,800 US dollars.

6. Columbia University’s Columbia Business School in New York costs $49,728 per year.

7. IE Business School in Spain costs 53 200 euros, approximately 70,380 US dollars.

8. Massachusetts Institute of Technology’s (MIT) Sloan School of Management costs $48,650 per year.

9. The University of Chicago’s Booth School of Business costs $49,020 per year.

10. Hong Kong UST Business School in China ranks as the tenth best MBA program in the world and costs $53,900.

To prepare for applying to graduate programs, check out a popular, online GMAT course.

GMAT prep: No calculator? No problem!

One big difference between the GMAT and other standardized tests is that calculators are not allowed on test day. For many test takers, it can be intimidating to go into the GMAT without a calculator. It is important to put away your calculator from the beginning and get comfortable doing all of the necessary math for the GMAT on your own. With a comprehensive GMAT test prep plan, including plenty of time spent brushing up on basic math skills; it is possible to do well on the GMAT math section.
One of the best things you can do early on is to review basic math skills during your GMAT test prep. This is particularly critical if it has been a few years since you have taken a math course and even longer since you have worked without a calculator. Being able to manipulate fractions and decimals will be helpful on test day. You should also be sure that you are comfortable performing long division and other tasks that are typically done with a calculator. Reviewing the basics can make a big difference on the GMAT.

Once you have gotten familiar with your basic math skills again, you should work through online test prep and GMAT prep books. Take as many GMAT practice exams as possible and go over sample math questions until you can quickly decide how to attack a problem and move through the necessary steps. The more comfortable you are with the questions, the quicker you will be able to move through each problem on test day. It is important to work quickly, but carefully, as you are not able to go back and check your work or change answers on the GMAT.

It is also important to remember that the GMAT is designed to be completed without a calculator. You can use this to your advantage when completing math problems and always consider the simplest way to do your work. If you cannot complete a problem or come out with numbers that are difficult to work with, you may want to go back and check your work again. You should always look for the simplest and smartest way to complete the problem. With some critical thinking, there will not be any math problem on the GMAT that cannot be completed without a calculator.

The Top 5 GMAT Mistakes Students Make

The Graduate Management Admission Test (GMAT) first came about in 1953 when graduate business schools realized they needed another way to find out whether prospective students were truly qualified to be seriously considered for admission in their programs. Having a straight 4.0 grade point average and/or excelling on the SAT exam was not enough to ensure that students had the aptitude to succeed in graduate business studies.

The GMAT is a standardized test that measures sufficiency in analytical writing skills, quantitative reasoning skills and verbal reasoning skills. Each section has a fixed number of questions or essays that must be completed within an allotted amount of time. It sounds easy, especially if you have always done well in school. However, the GMAT measures more than whether you are good at math, reading and writing. Reasoning, analysis and problem solving are what the GMAT is really all about.

If you are serious about doing well on the GMAT, it is imperative that you prepare well. Unfortunately, many prospective graduate business school students tend to underestimate this very important step. The wise candidate can learn from others’ mistakes in both preparing for and taking the GMAT, thus minimizing the potential for error. The following list of things to avoid while preparing for and taking the GMAT should help you get the score you need.

1. Not doing GMAT practice tests at all.

No matter which source or method you choose to prepare yourself for the GMAT, make sure to take timed GMAT practice tests. Many students that get poor scores on the GMAT only read through the material either in a book on on a website. Only by taking several practice tests can one truly simulate the true rigors of the GMAT.

2. Not practicing enough

Another common mistake that graduate business school applicants make is to put off studying and practicing until maybe a month or so before the test. This is not nearly enough time, even though many people think they have it nailed. A good three or four months of proper GMAT test prep is necessary to really get familiar and comfortable with the exam.

3. Not pacing yourself.

One thing that often leads to lower GMAT scores is taking too much time on questions and then not being able to finish them all. If you time each section of questions exactly the same way they will be timed on the test, you will learn to pace yourself properly and not allow yourself to get distracted or bogged down when it really counts.

4. Doing the practice tests but not examining each wrong answer closely enough to learn why it was wrong.

An extremely important part of doing the GMAT practice tests is learning what you are doing right and wrong, and why. In fact, this one of the main reasons you are doing practice tests at all. If you understand the reasons behind why you make errors on certain types of questions, then you will be much less likely to make those errors at all. These errors can be grouped into two different classifications: Process Errors and Conceptual Errors

  • A process error happens when the student answers the question wrong because they made a mistake in the process of solving the question. In this case, the student feels at lease somewhat comfortable with the concept, but made an error in the process. In analyzing this type of mistake, the student should familiarize themselves with the process of solving the problem within the given conceptual parameters. The GMAT is all about problem solving, thinking through the question, and how you reach the correct conclusion with the given process.
  • A conceptual error occurs when the student does not have enough of a grasp on the concept that the question is testing. If this is the case, then it will not matter how many times you see how to solve the problem. It will be difficult to solve the problem (without guessing) unless you understand the underlying concept that the question is testing for. In this case, the student should review concepts deemed important to the GMAT and revisit the practice question with new found understanding.

5. Not reading the test questions carefully enough.

Many of the questions on the GMAT exam are intentionally tricky and it is easy to misread, misunderstand and thus give the wrong answer. Read each question very carefully, at least twice until you are completely sure that you understand what is being asked. Attention to detail is a crucial asset in graduate business school, and if you don’t have that, then you may not have what it takes to succeed.

If you follow these tips on what to avoid when preparing for and taking the GMAT examination, you should be okay. Just remember that the GMAT is not about what you know, but about your thought processes and how you analyze and work through problems.

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.


© 2009 - 2024 B Line Test Prep | All Rights Reserved

Disclaimer: The SAT is a registered trademark of the College Board. Neither the College Board or the Graduate Admission Council is not affiliated and does not endorse this website. All marks are the property of their respective owners.