How Many MBA Programs Should I Apply To?

Applying to MBA programs can be a hectic time. Many factors are involved in the application process, but doing a little research in advance can maximize the chance of getting accepted.

The best tool an applicant can utilize is an updated book or web site on MBA programs. These tools profile various programs and contain information about the number of applications received during the previous year, the number of applicants accepted, typical GMAT scores, and GPAs. This information is usually published annually, and applicants may want to follow trends over a couple of years before applying.

Once the applicant has decided on a number of programs, the list should categorized based on how similar the applicant is to others that have been accepted. Sending applications blindly to many schools is equally as detrimental as focusing on one program. Most people suggest applying to at least five programs and applying to as many as possible. This can be difficult for applicants with limited funds. Application fees can be expensive, especially combined with the price of score reports, transcripts, and mailing. Applying to schools that require interviews during the selection process should also be thoroughly considered. If money is an obstacle, it may be wise to reconsider applying to a school where attending the interview would be impossible and a telephone interview is not an option.

Most of the applications should target programs where the applicant is similar in scores and GPA to previously accepted students. Applicants may also consider applying to a couple of schools they are overqualified for, and a school where they fall below the typical accepted applicant. Investing too many resources on programs that are beyond the reach of the applicant is inevitably a waste of time and money.

GMAT scores can have a strong influence on admission decisions and applicants will want to maximize their score. The most popular and convenient option is an online prep course. They are beneficial in their ability to cover information as well as giving sample tests and test-taking tactics. If the applicant is not satisfied with their score, they will want to give themselves ample opportunity to study and retake the test.

Navigating the GMAT Essays

Are you worried about setting yourself apart during the business school admissions process? One of your key opportunities is to deliver well-written GMAT essays. This guide will teach you the tricks to overshadowing your competitors with great essays.

The Analytical Writing Assessment section of the GMAT lasts for one hour and is divided into two essays: issue and argument. Consider the following top-tier advice:

  • Stay on topic. With only thirty minutes for each essay, you will not have time to go off onto tangents. Plan to make your points within 300 words or less.
  • Use supportive statements and cite facts whenever possible. Include your personal experience when appropriate but also rely on the evidence given by third parties.
  • Both a computer program and a human reader will review your essays. Make sure that your word choice, sentence construction, and overall flow appeal to both entities.

For the Analysis of an Issue essay, your job is not to prove that the issue is right or wrong; your job is to convince the reader to believe your position. The simplest format for the Analysis of an Issue section is the following:

  • Introduction with a background on the issue and reasons why you agree or disagree
  • Reason One with an explanation of the reason and an example
  • Reason Two with an explanation of the reason and an example
  • Acknowledgment of the opposing side’s arguments and ways to refute them
  • Conclusion re-emphasizing the issue and the arguments you have already presented

The easiest format for the Analysis of an Argument essay is below. For this section you must point out the flaws of the argument and convince the reader your conclusions are correct.

  • Introduction with a background on the argument and your stance on its validity
  • Point One with an emphasis on the argument’s positive aspects, using examples whenever possible
  • Point Two with an emphasis on the argument’s negative aspects (flaws), using examples whenever possible
  • Point Three listing ways in which the argument could be improved or strengthened
  • Conclusion reiterating the argument and its major advantages and disadvantages

Before your writing time is complete, review your essays. Make sure they are free of spelling errors, meet conventional grammar and formatting guidelines, respond well to the essay topic, and capture the reader’s attention.
Practice essay writing several times before you reach the testing center, so you will understand the pacing necessary to meet the time limits. GMAT test prep is available both online and in-person for essay assistance.
With advanced planning and GMAT test prep, you are on your way to furthering your education and propelling your job prospects well into the future.

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 Analytical Writing Section

The Analytical Writing Assessment is one of the three parts of the GMAT exam. It is designed to test critical thinking skills and to measure the test taker’s ability to communicate information effectively. GMAT test prep is important to get test takers prepared to handle each of the Analytical Writing Assessment sections. Online test prep is often a particularly good option as it allows individuals to make their own schedule and complete GMAT test prep whenever they have free time.
The Analytical Writing Assessment is divided into two 30-minute essays. The first is the Analysis of an Issue and the second an Analysis of an Argument. Each essay is deigned to gauge the test taker’s ability to write analytically and present cohesive ideas. While the essay topics generally cover topics related to business, they should not require any prior knowledge of the subject. Taking GMAT practice tests is a great way to become familiar with the type of essay prompt that will appear on the exam.

The Analysis of an Issue section requires test takers to analyze an issue and form a point of view. There is no correct answer to this section and it is important to consider perspectives. The essay should express an articulate, thought-out position on the given issue. Test takers should draw from their own experiences, reading, and prior knowledge base t back up their opinion.

The Analysis of an Argument section tests the ability to read and critique an argument that is given in the prompt. Test takers should not bring their own views into this essay, but simply analyze the opinion that is given in the argument. The essay should consider what assumptions have been made in the argument and cite any information that could weaken the argument.

It is important to manage time effectively throughout the exam to be sure that you have time to complete each essay to the best of your ability. Preparing for the Analytical Writing Assessment can be challenging, but with the right GMAT test prep plan, you can enter the exam feeling ready to handle any essay prompt with ease.

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.

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.

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 Sentence Completion Questions

The GMAT, or Graduate Management Admission Test, is one test you will have to take-not to mention all the test preparation you’ll have to do-if you plan on furthering your academic career in the business or management fields. The standardized test is used by almost two thousand graduate schools around the world, making it a necessity for those who plan on getting a masters in business administration, or in any other similar area. The test is a general exploration of the test-taker’s business knowledge, skills and experience, and subjective things like motivation and interpersonal skills. Beyond these things, the GMAT measures things that are very simple and that can be adequately prepare for with an online test prep, like your basic verbal, mathematical and analytical skills.

Regardless of why you’re taking the GMAT, you will probably want to spend at least a month on test preparation to ensure that you get a good score. This is especially true since the cost for taking the test is two hundred and fifty dollars. That’s quite a bit of money, so you’ll want to make sure you’re well prepared. Fortunately, there are plenty of great online test prep websites like B Line Test Prep that will help you to make a great score, regardless of what you think your weak areas are.

One area of the GMAT where people often have trouble is the sentence completion part of the test. These questions aim to measure your knowledge of key grammatical points. Subjects covered may include the passive voice, mismatched subject/object pairs, incorrect verb tenses, and so on. Sentence Completion questions are a part of the verbal section of the quiz, and there are usually between sixteen and eighteen of them. Since the verbal section is only about forty questions, that makes this a very important part of the test that you’ll want to focus on in your online test prep studies or in whatever other test preparation method that you use.

The GMAT’s structure gives you four hours to complete the entire test, with two timed breaks of ten minutes each to give you a bit of a breather. This means that you have a little over three and a half hours for the test, or an hour and ten minutes for each of its three sections. Since the sentence completion part is about half of the exam’s verbal section, you’ll probably be using up somewhere between thirty and forty-five minutes completing and correcting sentences.

An Example Question:

The idea on the GMAT sentence completion questions is taking the sentence given to you and replace part of it with one of the choices listed below.

A) to take the sentence given to you and replace

B) taking the sentence given to you and replacing

C) take the sentence you were given and to replace

D) to taking a number of sentences you are given and replace

E) No change is required

Choice E is a popular one, and makes this section especially tricky, since not all sentences are actually incorrect.

Key statistics for the GMAT sentence completion:

* 16-18 questions in the verbal
* Verbal section consists of roughly 41 questions
* Aim to spend somewhere between half an hour and forty-five minutes on this portion of the test

Remember, sufficient test preparation is vital for success in this and other portions of the GMAT. Fortunately, there are great online test prep sites like B Line Test Prep to help you through your study period.

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.


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