Seventy percent of MBA employers polled recently by the Graduate Management Admission Council (GMAC), the owner of GMAT, expect 2010 to bring relief from the difficult conditions that defined the business climate in 2009. As a result, the uncertainty surrounding many companies’ hiring plans may begin to dissipate as the year progresses, according to GMAC researchers. The survey was done at global level.
Aspiring rappers and music entrepreneurs will soon be able to hone their business acumen under the guidance of Sean “Diddy” Combs, the U.S. rap star and actor. The hip-hop mogul announced last week that he plans to open us his own business school in New York City’s Harlem, the neighborhood in which he was born.
Haryana-based O P Jindal Global University (JGU), floated by the Jindal Group, has launched a B-school that will commence operations from August this year when a full-time MBA programme will be rolled out. The Jindal Global Business School (JGBS) is situated on the 54-acre fully residential JGU campus and will enroll 120 students in the MBA programme. “Admissions to the two-year programme will be through CAT 2009 for Indian students and through GMAT for NRI and international students,” says professor C Raj Kumar, vice chancellor, JGU. JGBS has 15 faculty members as of now but plans to add more.
Even as job-seekers at all levels continue to struggle with a tight labor market, the majority of people who earned an MBA or other graduate management degree in 2009 were employed within a few months of finishing school, according to a new report from the Graduate Management Admission Council (GMAC). GMAC is an international nonprofit association of top business schools and owner of the Graduate Management Admission Test (GMAT), used by thousands of MBA and other graduate management programs around the world as part of the admissions process. A record 269,614 GMAT exams were taken worldwide in 2009.
Northwestern University's Kellogg School of Management (Kellogg Full-Time MBA Profile), which BusinessWeek ranked No.3 in its 2008 ranking of best business schools, remains popular with MBA applicants. In 2009, Kellogg admissions accepted 19% of the 5,268 applicants. Recently, Beth Flye (BethFlyeKellogg), assistant dean and director of admissions at Kellogg, and Carla Edelston (CarlaEdelston), senior associate director of the school's Career Management Center, fielded questions from prospective students and Bloomberg BusinessWeek reporter Francesca Di Meglio (FrancescaBW) during a live online chat. Here are edited excerpts of their conversation, which included everything from how to prepare for the admissions interview to career placement specialties. Jarias84: How important are GMAT scores? BethFlyeKellogg: A range of GMAT scores is represented in the pool of admitted applicants. The average score for the class that matriculated in 2009 was 707.
Montreal, Canada - Announcing that PMChampion, the developer of This is GRE and This is GMAT, has launched the first two apps of their 'This is...' series, to help grad school hopefuls succeed in their entrance application. These apps are the first two in a series of fully loaded, complete training packages for students preparing for entrance to graduate school and college. The applications help users score as high as they possibly can on their Graduate Record Exam (GRE) and Graduate Management Admission Test (GMAT) and to increase chances of being accepted by their preferred university.
Examining the current pool of MBA candidates, it is easy to ascertain the motives. Most people who apply are in the age grouping 26-34 years old. EMBAs constitute another profile group. The issues hinge on culture, reputation, programme length, rankings, GMAT scores, location, teaching methodology, and of course, funding and family situations. If you are single, the choice is easier because there is no one else to consult on your actual decisions. However, if you are married and have children the options tend to be more restricted. However, even with restrictions, intelligent choices can be made.
As the economy continues to decline, upperclassmen are beginning to sweat bullets as they decide what to do after graduation. The future graduate begins to question his or her resume, major and why his GPA differs from 4.0. Though there are resources available such as University Career Services, in this economy UCS is not sufficient for students. There should be more courses offered at the University for the student that cater to his or her professional development. In addition to this, the University should offer free prep courses for exams that students are also preparing to take (e.g. LSAT, GMAT, GRE, MCAT). Though it can be argued that students can take up these courses in their own free time, it is not unusual for these courses to run over $1,000. In an economy that is suffering, that is a relatively high price.
George Washington University's business school jumped from 85th to 57th in this year's Financial Times Global MBA Rankings, The Washington Post reported. It was the best rate of improvement among business schools in the Washington region. The Darden school at the University of Virginia ranks 30th on the list. Georgetown's McDonough school ranks 38th. The University of Maryland's Smith school ranks 43rd, according to The Post. The London Business School ranked 1st.
My friend Dan recently ran the New York City Marathon because he needed a challenging goal to shake up his everyday routine. If you're in the middle of business school applications, you probably feel as if you're running a marathon, too, and I am certain your routine has been heavily disrupted. Brace yourself, for this is but an introduction to the Running Man triathlon of business school. 1. Know what you're in for. This process is supposed to present challenges. You'll simultaneously be asked to draw on your math and writing skills, strategy positioning, determination, creativity, and stamina. While studying for the GMAT, you're also reflecting on your goals and unique qualities.
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