Career Colleges of America-career Education and Medical Schools

As the economy suffers, many people are interested in finding a new career. Sometimes this is a personal choice, and sometimes, like in the case of people who have lost their jobs or have gotten laid off, it is a necessity. There are certain types of careers which become at risk when the economy takes a turn for the worse. A career in the medical field is not one of those risks. If anything, a career in the medical field can be expected to increase in demand overtime, regardless of our economic situation. That is because the medical needs of the population are not necessarily driven by the status of the economy. As the population grows the need for highly trained and qualified medical workers will rise.

The Healthcare Job Outlook for 2008/2009 describes new job growth from 2006 – 2016 as excellent with over 3 million new jobs added for the period. As well, the projected salary increase is 22% compared to just 11% for other industries combined.

The Department of Labor shows similar findings, projecting that medical assistant jobs are expected to increase over 35 percent over the next decade, which is much faster than the average for all occupations. The health care industry is expanding as our population grows and ages, and as technology advances, so will the need for highly trained health care workers such as a surgical assistant medical assistant, vocational nurse, computerized office assist, and so on.

A career in the medical field has been referred to as “recession-proof.” Few industries can boast this kind of employment outlook. If you’ve been laid off in another work field, this should not be a concern for you in considering starting training in a medical career. It is highly unusual for medical layoffs to occur.

And if you are considering a career in the medical field, even if you have no medical training, or even a GED, it is best to get started right away, in order to take advantage of this growing industry. Medical career college courses are available for every type of lifestyle. You will receive hands on training, job placement assistance, and in some cases even financial aid. The career choices are nearly unlimited, from vocational nursing programs, to diagnostic medical sonographer training, to pharmacy

A Complete List of College Degrees by Salary

We’ve all heard that English majors often struggle to make ends meet while electrical engineers rake in the cash. Is that true? Yes, but don’t give up hope. Take a look below at our list of best undergrad college degrees by salary and you’ll see that the engineers and scientists fare better financially. But, there is still plenty of money to be made with a liberal arts degree.

Best Undergrad College Degrees By Salary – Full List

BEST UNDERGRAD COLLEGE DEGREES BY SALARY STARTING MEDIAN SALARY MID-CAREER MEDIAN SALARY
Aerospace Engineering $59,600 $109,000
Chemical Engineering $65,700 $107,000
Computer Engineering $61,700 $105,000
Electrical Engineering $60,200 $102,000
Economics $50,200 $101,000
Physics $51,100 $98,800
Mechanical Engineering $58,900 $98,300
Computer Science $56,400 $97,400
Industrial Engineering $57,100 $95,000
Environmental Engineering $53,400 $94,500
Statistics $48,600 $94,500
Biochemistry $41,700 $94,200
Mathematics $47,000 $93,600
Civil Engineering $55,100 $93,000
Construction Management $53,400 $89,600
Finance $48,500 $89,400
Management Information Systems $51,900 $87,200
Computing and Information Systems $50,900 $86,700
Geology $45,100 $84,200
Chemistry $42,900 $82,300
Marketing $41,500 $81,500
International Relations $41,400 $80,500
Industrial Technology $49,500 $79,600
Environmental Science $43,300 $78,700
Architecture $42,900 $78,300
International Business $41,900 $77,800
Accounting $46,500 $77,600
Political Science $41,300 $77,300
Urban Planning $43,300 $77,000
Philosophy $40,000 $76,700
Information Technology $49,400 $75,200
Zoology $37,000 $74,400
Occupational Therapy $61,300 $73,400
Microbiology $39,800 $73,200
Business Administration $42,900 $73,000
Business Management $43,300 $72,100
Advertising $36,900 $71,800
Biology $39,500 $71,800
Film Production $38,200 $71,800
Landscape Architecture $43,100 $70,800
History $38,800 $70,000
Health Sciences $37,800 $69,600
Geography $40,400 $69,300
Nursing $54,900 $69,000
Communications $38,700 $68,400
Radio and Television $34,000 $67,000
English $37,800 $66,900
Agriculture $40,900 $66,700
Hotel Business Management $37,400 $66,400
Journalism $36,300 $65,300
Forestry $39,700 $64,200
Anthropology $37,600 $63,200
Fashion Design $36,700 $62,800
Public Relations $36,700 $62,600
Art History $36,300 $62,400
Health Care Administration $37,900 $61,000
Psychology $36,000 $61,000
Interior Design $35,700 $59,900
Human Resources $37,800 $59,600
Graphic Design $36,000 $59,400
Criminal Justice $35,900 $59,300
Medical Technology $46,600 $58,400
Foods and Nutrition $41,700 $58,200
Sociology $36,500 $57,900
Religious Studies $35,300 $57,500
Drama $35,600 $56,600
Fine Arts $35,800 $56,300
Hospitality and Tourism $37,000 $54,300
Education $36,200 $54,100
Horticulture $37,200 $53,400
Spanish $35,600 $52,600
Music $34,000 $52,000
Theology $34,800 $51,500
Elementary Education $33,000 $42,400
Social Work $33,400 $41,600

Methodology
This chart is based upon PayScale Salary Survey data for full-time employees in the United States who possess a Bachelor’s degree and no higher degrees and have majored in the subjects listed above. These results may not represent all graduates with these degrees. All colleges and universities across the nation were included. As a result, median salary figures may be skewed toward large state universities, since these schools have the largest attendance. Salary is the sum of compensation from base salary, bonuses, profit sharing, commissions, and overtime, if applicable. Salary does not include equity (stock) compensation.

How to Choose a College Major

When it’s time to starting making solid decisions about enrolling in college, many people have questions about how to choose a college major. Selecting a college major is a personal decision that involves you to spend time reflecting on your goals, likes, dislikes, skills, and aptitudes.You have to not only look at your interests, abilities, and goals, but also what you’ll need to be happy in the future. While it would be nice to have an interest in one of the highest paying college majors, it’s also important to choose a college major that will ultimately lead to a career you want in a place you want to live.

The best advice we’ve found for how to choose a college major is just to ask questions. Talk to your high school guidance counselor, or if you’re already in college, consult your academic advisor or a career center counselor. Ask friends and family members about how they chose a college major or career. Finally, engage in some serious self-reflection and ask yourself questions about your past, present, and future.

  • Consider which courses you’ve done well in previously and decide which major they have prepared you for.
  • Think about whether you would be happier having a job you love with little pay or having a job you can tolerate with substantial pay. Choose a career course accordingly.
  • Ask yourself whether you have what it takes to succeed in your major.
  • Do internships to get a feel for the kinds of jobs you could get with different majors.
  • Look at the different fields to which your major can be applied. Try to find a major that will offer flexibility when you are looking for a job.

Please always be flexible; you have time to change your major if you are unhappy with it.

Note the major you choose in college doesn’t set the course for the rest of your life; it’s merely a starting point. What’s important is following your interests and discovering what you love to do.

Best Undergrad College Degrees By Salary

We’ve all heard that English majors often struggle to make ends meet while electrical engineers rake in the cash. Is that true? Yes, but don’t give up hope. Take a look below at our list of best undergrad college degrees by salary and you’ll see that the engineers and scientists fare better financially. But, there is still plenty of money to be made with a liberal arts degree.

Most Popular Online Degrees and Programs of Study

Despite the fact that hundreds of different online degrees exist, it’s human nature that clusters of users gravitate to particular degrees and majors and that a subsequent and intriguing list of “most popular” percolate to the surface. Lists of most popular anything are commodities in and of themselves, hawked as market research by internet research firms, but it’s entirely possible to make a fairly accurate estimation of the trendiest online degrees by simply opening your eyes. Online search results and keyword analysis suggest strong trends, after all it’s these indicators that serve to direct many online economics. And online degree providers often put their most popular wares right “up front” as if in their online shop window.
Online research surveys suggest that though trends in online degrees fluctuate quarterly and within degree levels, that the main fields of interest remain:

  • Business
  • Healthcare
  • Education
  • Engineering

Further evidence suggests that students are increasingly pushing beyond the Bachelors degree level, taking advantage of the convenience of online Masters and PhD degrees.

Engineering Degrees

Read the rest of this entry »

How Are Online MBA Programs Ranked by BusinessWeek

To identify the top undergraduate business programs, Bloomberg BusinessWeek uses a methodology that includes nine measures of student satisfaction, postgraduation outcomes, and academic quality.

This year we started with 139 programs that were eligible for ranking, including virtually all of the schools from our 2009 ranking plus six new schools that met our eligibility requirements. In November, with the help of Cambria Consulting in Boston, we asked nearly 88,000 graduating seniors at those schools to complete a 50-question survey on everything from the quality of teaching to recreational facilities. Overall, 27,317 students responded to the survey, a response rate of 31%. Read the rest of this entry »

Online MBA Program vs Traditional MBA Program

Getting an MBA is a good move for work-at-home moms who want to earn the necessary credentials in management as a preparation for further career advancement. Earning an MBA degree will make you more likely to be considered for a higher position and higher pay. In the past, the only way to get an MBA is through a traditional MBA program offered by a campus-based university. But the advent of the Internet has revolutionized access to education. MBA programs are now being offered online by many colleges and universities.

If you are planning to get an MBA degree and deciding whether to enroll in a traditional, campus-based or an online MBA program, it is important to know the similarities and differences, and more importantly, the advantages and disadvantages of both. Read the rest of this entry »

Online Degree vs. Traditional Degree

Is an online degree as well accepted as a traditional degree? This is the question almost everyone asks about distance degree programs, and the answer isn’t simple.

The acceptance of online degrees varies depending on many factors: the company, the industry, the level and type of degree, the degree-granting institution, and, of course, the individual reviewer. Let’s look at some of the factors that can affect how well received the distance degree will be: Read the rest of this entry »

Advantages and Disadvantages of Online Degree Eduction

There are many distinct differences between online education and traditional learning. For certain students, distance learning is a fitting option; for others, a campus-based school program is much more beneficial. By comparing the advantages and disadvantages of online learning you can decide if an online or campus program would be more helpful in achieving your goals.

Online Education Advantages:

  • Convenience – Students can take online courses whenever. Students are not limited by a school’s annual/semester/quarter system.
  • Cost – Pricing for online degree programs is usually cheaper than traditional school programs.
  • Classroom Time – Some distance learning programs have a classroom component, however most do not require attending a physical school. You can learn, study, and graduate from the comfort of any computer location.
  • Flexibility – Class times are not set, and the pacing of assignments and readings occurs at your own discretion. You can proceed through your degree program at your own speed.
  • Availability – Accredited, reputable, and educationally vigorous distance learning programs have increased in recent years.
  • Self-Direction – Students are able to control their learning environment, moving through courses at their own pace.
  • Accessibility – Attending class can occur from any computer with network/Internet access.
  • Learning System – Distance learners tend to be people who learn visually and experientially, and also students who require more time to study, have language-issues, or are introverted.
  • Zero Travel Expenses – With online degree programs, there is no need to commute to school, all learning can take place from home.
  • No Interruptions – Since distance learning programs are based on the Internet, and accessed at the user’s discretion, learning takes place whenever you want it to. There is no need to take a leave of absence, stop working, etc.

Online Education Disadvantages:

  • Instructor Face-Time – Distance learners typically don’t have the face-to-face interaction that is important to some students.
  • Reputation and Perception – As distance learning becomes more widespread, more businesses and organizations are starting to recognize the value of an online degree or distance degree. However, there is still a social stigma attached to non-physical educational institutions.
  • Technology Requirements – Distance learning program requirements are usually modest: computer and an Internet connection. However, students must have some proficiency in using computers.
  • Social Interaction – Though online learning environments often have chat rooms and message boards they lack physical classroom interactions.
  • Limited Support – Students are required to take their own initiative in completing assignments, reports, and exams.
  • Campus Atmosphere – Distance education programs lack the physical value and attractiveness of attending a campus location.

How Popular is Distance Learning?

Distance learning encompasses all forms of education that fall outside the traditional classroom based site specific model. These types of courses include correspondent courses, online degrees, telecourses (classes delivered via radio or television), and cd-rom based learning. Some general facts and statistics regarding the prevalence of distance learning are as follows:

  • Today there are over 25,000 online courses offered in The United States alone, making up 76% of the world’s total online offerings.
  • Canada is the world’s leader per capita for the number of online courses offered.
  • Computer and business courses make up the mass majority of online courses offered world-wide.
  • Most online courses and programs are offered only at the undergraduate level.
  • Right now, there are approximately three million online students in The United States.

Read the rest of this entry »

How Important Is GMAT Score in Relation to MBA Application

Many an MBA applicant has fretted over their GMAT score. Some worry so much about it, that they retake the test time and time again. Before dedicating too much energy to this sort of stress, you need to ask—how important are GMAT scores in relation to business school admissions?
To get the answer for you, I asked several admissions representatives from top business schools. Here’s what they had to say: Read the rest of this entry »

Best MBA Programs By Alumni Salaries (Highest-Paid MBA Alumni)

For many MBA students, earning power is one reason, perhaps the main reason, for enrolling in B-school. So which programs really deliver the goods? Over the course of a career, what’s your MBA worth? The numbers will surprise you.

The slides that follow list the median cash compensation—base salary and bonus—for MBA graduates of each school who have less than two years’ experience, 10 years’ experience, and 20 years’ experience, as well as an estimate of total earnings over a career spanning two decades.

The upshot? According to data compiled for Bloomberg BusinessWeek by PayScale, a Wharton MBA has 90 percent of the value of a Harvard MBA. University of Chicago, 76 percent. University of Iowa? Forty-eight percent. Read the rest of this entry »

Best Business Programs by Specialty

As part of Businessweek’s annual ranking of the top undergraduate business programs, senior business students from the 139 participating schools were asked to assign letter grades—from A to F—to their business programs in 12 specialty areas: quantitative methods, operations management, ethics, sustainability, calculus, microeconomics, macroeconomics, accounting, financial management, marketing management, business law, and corporate strategy. Based on those grades, scores were calculated for each of the ranked schools in each area.

Not surprisingly, the top-ranked schools in the overall ranking, published in March, have the most top-10 specialty rankings, as well. Notre Dame leads the way, appearing on eight top-10 lists, followed by Cornell University and Babson College —Nos.5 and 15 in the overall ranking, respectively—with six top-10 specialty ranks apiece.Emory University’s Goizueta School of Business (Goizueta Undergraduate Business Profile), the University of Pennsylvania’s Wharton School (Wharton Undergraduate Business Profile), and the Kenan-Flagler Business School at the University of North Carolina-Chapel Hill each ranked near the top of five specialty lists. Read the rest of this entry »

Example of MBA Application Accomplishment Essay

Essay prompt: Describe a personal achievement that has had a significant impact on your life. In addition to recounting this achievement, please analyze how the event has changed your understanding of yourself and how you perceive the world around you. (3 pages, 1000 words) Read the rest of this entry »

How Cornell Determines Leadership Skills from MBA Applicants

Natalie Grinblatt, director of the office of admissions and financial aid at Cornell University’s Johnson School of Management, offers some tips for prospective applicants. She was interviewed by BusinessWeek Online reporter Mica Schneider. Following are edited excerpts from their discussion:

Q: Who’s the best candidate for Cornell’s B-school?
A: Someone who’s a leader. We look for a candidate who isn’t only going to succeed in our program academically, but who is going to lead. There’s a distinct leadership quality we look for: being able to assess a situation and seize opportunities or create new ones that have positive results for an organization. This requires independent thinking and collaboration. Both qualities are valued at the Johnson School. There are many people who can reach a goal, but we look for that extra something — the ability to make a difference.
Read the rest of this entry »

Boston University MBA B-School Admission Tips

Chris Storer, director of admissions at the Boston University School of Management (Boston University Full-Time MBA Profile), has a decade of admissions experience to his credit, including a stint at the Harvard School of Public Health and four years at BU. In a conversation with BusinessWeek’s Rachel Z. Arndt, Storer talks about the great GMAT myth and why BU’s international diversity makes the School of Management stand out. An edited version of the conversation follows. Read the rest of this entry »

Eye on Indian B-School MBA Education Reform

The Indian government is considering liberalization of higher education in the country, a move that would allow foreign universities to establish campuses in India. Check out this story from Monday’s Financial Times for more on the proposed changes. One angle that story misses: How the proposed reforms could help local schools. Consider one problem faced by the Indian School of Business, the B-school based in Hyderabad that is partners with Wharton and Kellogg and has just announced an alliance with Sloan. (For more on ISB, look at my story about the school in the current issue of Bloomberg Businessweek here.) Since ISB isn’t affiliated with a university, it can’t give MBAs to its graduates. Indian students don’t mind: Most of the other top B-schools in India can’t give MBAs either, and everybody knows that the piece of paper you get from ISB is an MBA in everything but name. Read the rest of this entry »

Most Weird and Interesting MBA Admissions Interview Questions

The admissions interview is one of the most important parts of the business school application process, because it’s the only time that the admissions office get a chance to meet the real, live you. Business schools rarely employ the “stress interview” technique, trying to make you squirm and seeing how you perform under pressure. The process is stressful enough, and they’re more interested in getting answers to their questions and getting to know the real you, than in seeing how well you can stand up to stress.
Read the rest of this entry »

MBA Programs in California

There are 62 MBA programs in California, according to Find MBA.com. Top MBA programs in California include

  • University of Southern California (USC) – Marshall School of Business,
  • University of San Diego (USD) School of Business Administration ,
  • UCLA University of California, Los Angeles – Anderson School of Management,
  • University of California, Berkeley – Haas School of Business and
  • Stanford Graduate School of Business (Stanford GSB)

For the full list of the 62 MBA programs in California, please visit All MBA Programs in California.

Online MBA Programs with No GMAT Required

Which Schools Offer Online MBA Degree Programs and Require No GMAT for Admission?

Many colleges and universities require students to take the Graduate Management Admission Test (GMAT) before accepting them into a Master of Business Administration (MBA) program. There are some schools, however, that do not require the GMAT for admission. In some cases, MBA programs that do not require the GMAT, administer entrance exams of their own. Below are 5 schools that offer online programs. Read the rest of this entry »

Part-Time MBA Programs Are Getting Full-Time Attention

Over the past three years, the number of graduates of part-time MBA programs has shot up 14.5% — to 22,210 in the 1999-2000 academic year. And half of Business Week’s top 30 full-time MBA programs now offer part-time degrees. That’s because a large segment of the pre-MBA universe — an older and increasingly diverse segment — wants the advantages an MBA confers in terms of prestige and money without having to go back to school and sacrifice two years of income — plus, possibly, their existing careers.

HARDER RECRUITMENT. Now, the leaders in part-time MBA education are trying to take their programs to the next level. They’re putting more emphasis on relevance and innovation in their course offerings, and they’re adding such enhancements as Web-enabled courses and more electives. Others are working to improve the image and success of part-timers. At New York University’s Stern School of Business, a new career-resources adviser works with part-timers to develop job opportunities. And the career-services office at Northwestern University’s Kellogg School of Management now sends representatives to advise part-timers at their downtown Chicago campus during evening classes.

Still, for all of the growth of such programs, many B-schools are struggling to keep the good times rolling. When unemployment is low and the economy sizzles, most business schools find it harder to recruit students away from good careers. Kim Corfman, academic director of the part-time program at New York University’s Stern School, has noticed a drop in applications this year (the school accepted 60% of its applicants in 1999).


KEEPING ‘EM HAPPY
. Another goal for the schools is to simply hold on to what they have, as jobs become more demanding — and mobile. Halfway through a part-time program, an employer can transfer a student across country and out of reach, for example. These dropouts take their toll. At Wayne State University in Detroit, for instance, 150 to 200 students drop out each year. That costs the school “hundreds of thousands of dollars,” and hampers it from adding new courses, says the school’s Dean, Harvey Kahalas.

This realization has schools such as Stern lavishing resources on their part-timers. Stern’s program now has its own administrative offices and a community-building orientation program for new students. “We wondered if they wanted a sense a sense of community, and they’re loving it,” says Corfman. The school is also incorporating distance learning.

Such schools are also reacting to complaints from part-time students. Indeed, a recent survey of 5,000 part-time MBAs by the AACSB and New Jersey-based Educational Benchmarking found that the students rated their overall satisfaction with the career services offices at their schools 3.79 on a scale of 7.0.

CONFLICTS OF INTEREST. In fact, recruiters are generally enthusiastic about part-time MBAs. Portia Smith, manager for the staff associates program for Sprint, says her company is starting to eyeball part-timers. “The biggest hurdle is getting past the schools, since the students’ employers are often paying the tuition and fees for the students,” she says. For now, she’s noticing more part-time MBA students at her on-campus briefings. “They say that they’re interested and ask how they can be interviewed.” Smith particularly likes the fact that part-timers tend to have more work experience, she says.

Best of all for recruiters, the conflict of interest that B-schools face when finding new jobs for part-timers whose education is financed by their current employer is that fewer and fewer of them are funded by their companies. “Companies see it as a cost savings, and employees are less loyal to companies now,” says Arthur Centonze, dean of the Lubin School af Pace University.

That news may prompt schools such as Michigan State to reconsider their policies on part-time MBA recruiting. Currently, Dean James Henry says, “after the [weekend MBA students] finish the program, if they’re leaving their company, we’ll support them. But in the weekend MBA program, it’s made clear from the beginning that [placement] service won’t be provided for them.”

FASTER TRACK. Schools have also gotten the message that part-time students don’t relish going to night school forever and that they want a wider variety of course work. Thus, Michigan State recently revamped its part-time program to shorten the curriculum to 18 months — vs. two years for the school’s full-time program. Baruch College, which is part of New York’s state university system, has also added an accelerated part-time MBA program that takes just 24 months, vs. the normal four years.

The ultimate draw for students may be that it’s much easier to land a spot as a part-time MBA-er than as a full-timer. Lyons says Kellogg selects 35% of applicants for admission to its part-time program, while the school’s full-time program sorts through more than 5,000 applications to choose a lucky 18%. The University of Michigan reports that 63% of its part-time students are accepted — vs. 21% for its full-time program.

Once they’re admitted, however, students say the workload is equal.

MORE BETTER WIDGETS. Part-timers do pay a price. At many schools, especially those with vibrant day programs, special guests such as CEOs, entrepreneurs, and dignitaries make their lecture rounds before part-time students come to class. “We’re on the mailing lists that announce when good speakers arrive on campus,” says Venugopala of Bentley, “but we can’t go. [Those events] are the biggest things that part-time students miss out on.” Lyons agrees: “Evening students don’t get the networking or extracurricular [activities] that the full-timers do.”

Ultimately, many employers see an MBA as an MBA, no matter how it’s earned. It shouldn’t take business schools long to do the calculation: If the product — the student with a part-time MBA — is both popular and highly profitable, then you want to turn out plenty of good ones.

Part-Time Students Are Getting Full-Time Attention
: Enrollment is at record highs. And since part-timers are so profitable, schools are going out of their way to attract and keep them –Written by Mica Schneider from BusinessWeek.

The Best Global MBA Programs

In her first week as an MBA student at the Spanish B-school ESADE, Elizabeth Caswell and her classmates were each asked to prepare a presentation on a company they felt would be a good place to work. Caswell selected KB Home, the $9.4 billion Los Angeles homebuilder. When it was her turn, the Massachusetts native got up and shared her findings, complete with company financials and stock prices. When she finished, her classmates politely applauded her efforts.

What Caswell found at ESADE is what many potential MBAs are looking for, a program that offers a strong dose of management theory–and a global perspective. Because few U.S. MBA programs can match the diversity and international flavor of a school like ESADE, where 74% of students are from outside of Spain, more and more students are heading to schools in Europe and Canada. According to the Graduate Management Admissions Council, the number of American students attending MBA programs in countries like Spain, France, and England has risen from about 2,100 in 2000 to 3,550 in 2005.

This is good news for the top 10 schools in BusinessWeek’s 2006 ranking of the best non-U.S. MBA programs. While the programs differ, each manages–through program design and classroom diversity–to expose students to a world of cultural differences. On average, 64% of the students hail from abroad, compared with 35% at the top 10 U.S. schools. With such breadth, students learn as much from their classmates as from their professors, not just about marketing and finance, but also about how management styles differ in various parts of the world. And this becomes more important as business becomes an increasingly global affair. “Students are beginning to understand that they have to learn to deal with specific problems they will face if they operate in Russia, or China, or Brazil,” says Jordi Canals, dean of the Barcelona-based IESE Business School.

For this year’s ranking of non-U.S. MBA programs, BusinessWeek surveyed more than 2,000 students from 25 of the world’s most competitive programs, as well as the recruiters who hire them, using the same methodology as the U.S. ranking. For the first time since the launch of the international ranking in 2000, three Canadian schools top the list, led again by Queen’s University in Kingston, Ont. In a year marked by a battle for differentiation among top international schools, Queen’s took top honors with an unusual approach that treats students less like students and more like employees.

“TREAT IT LIKE A JOB”

How does Queen’s do it? For starters, it divides students into groups of five or six “participants,” with each group consisting of several different personality types and nationalities so that conflict is almost guaranteed. Unlike most B-schools, where new teams form for each class, Queen’s students belong to a single team for the whole program, much as they would on the job. Each team is assigned to a 15-by-20-foot “office” where each student has a cubicle and is expected to keep office-like hours. It’s here that students spend a majority of their non-class time, discussing projects and working on assignments. And it’s here where much of the magic happens. Students learn how to work as part of a team–resolving differences and solving problems–in a way that can’t be taught in the classroom. “Students are treated like professionals, and they’re expected to treat it like a job,” says Alan Ridgeway, a 2006 Queen’s grad.

This experiment in reality learning has students and recruiters singing the school’s praises. But administrators aren’t easing up. In late September, Dean David Saunders announced plans for a curriculum redesign that will allow students to customize their course loads based on their experience and career goals. For Saunders, the decision to make the change was simply a question of listening to the market. “We talked to employers and alumni and built off of their feedback,” Saunders says.

Indeed, if there’s one lesson that international B-school administrators have learned this year, it’s that the needs of recruiters matter just as much as those of prospective students. To deliver the kinds of grads who can hit the ground running, the University of Western Ontario’s Richard Ivey School of Business last year cut the length of what had been a two-year program in half and revamped the curriculum. The school now requires students to examine case studies from numerous viewpoints, in essence grouping together various disciplines–finance, marketing, operations, and so on–that would ordinarily be chopped up into individual courses. “We’re thinking about it as learning from an issues perspective as opposed to a functions perspective,” says Ivey Dean Carol Stephenson. The changes seem to be working: Western Ontario rocketed up four spots, to No. 2, and was the top choice of recruiters, who say Ivey grads are quickly able to adapt to the workplace with little additional training.

SOLUTIONS TO THE HIRING PUZZLE

As impressive as that sounds, Ivey’s improvement in the ranking was modest compared with that of the University of Toronto’s Joseph L. Rotman School of Management, which leapt six spots, to No. 3, the biggest jump in the ranking. In 2004, Rotman grads said it was hard to find jobs even at the Canadian companies making an annual pilgrimage to campus. In response, the school designed new courses on everything from presentation skills to networking and brought corporate leaders and alumni into the classroom. Sean Bartman, a senior manager of recruiting at Canadian Imperial Bank of Commerce, is one of a handful of recruiters who visit Rotman to hold mock interviews and training sessions. According to Bartman, who helped implement the sessions, these are important pieces of the hiring puzzle. “You can’t just go into an interview cold and expect to do well,” he says. Judging from the hiring numbers at Rotman, the work is paying off. For the class of 2006, 94% had a job offer within three months of graduating, the school’s best job placement performance in years. The only real complaint from students at Rotman is that they would like to see a few more companies from outside of Canada visiting campus.

With Canadian schools dominating the upper end of the list, several highly ranked European schools found themselves slipping to the middle of the pack this year. The International Institution for Management Development (IMD) fell to No. 4, from No. 2, despite receiving the highest possible ranking in the student survey. The Lausanne (Switzerland) B-school, where students average seven years of work experience–far more than any of the other schools in our ranking–is the destination of choice for those in search of highly experienced classmates, and who might otherwise choose an executive MBA program. That was the choice that confronted Laurent Collier before he chose IMD. “I was already a manager with a good salary,” Collier says. “I wanted to be working with people that had the same [level of] experience as me.” What Collier found in the 11-month IMDMBA was an intense, boot-camp-like experience that provided the career bump he was looking for. “Getting only five hours of sleep a night was worth it,” he says. But the experience comes at a price. Some recruiters skip IMD because its grads are looking for positions at a higher level than companies can offer.

For many European schools, the most troubling problem this year was a perennial one: attracting international recruiters. With so many foreign students looking to return home to work after earning their MBA, schools that fail to attract recruiters from those countries are at a big disadvantage. This is, no doubt, one reason why No. 6-ranked INSEAD hired J. Frank Brown, a retired executive at PricewaterhouseCoopers, as its new dean–to attract more international companies to the school’s Fontainebleau (France) and Singapore campuses.

It doesn’t help that many smaller, regional recruiters aren’t able to pay the high salaries that are a top priority for most students. Patricia Ferrando, a recruiter at Barcelona-based EuroPraxis Consulting, which hires at INSEAD, ESADE, and IESE, says it’s becoming more difficult to get MBAs from those schools in the door. “It’s hard to compete for top talent,” she says.

European and other international schools sometimes complain that poor name recognition puts them at a disadvantage when competing against Harvard, Wharton, and other top U.S. schools. But if they continue to succeed in producing graduates who can thrive in the global marketplace, that may change.

The Best Global MBA Programs:International B-Schools add an automatic credit in worldliness to the curriculum from BusinessWeek

.

How to Interpret MBA Program B-school Rankings

A number of organizations rank colleges, universities and business-schools in order to help students and applications make good education decisions. Do you know how to find the best rankings? More importantly, do you know how to interpret the MBA program rankings you do find? Every list puts someone different in the top ten, so it can be confusing to know what to believe. Here’s how to find the best lists and understand why certain rank higher than others.

Start by doing searches for top-ranked lists. Remember, not every list is created equally. Is the source reliable? A nationally acclaimed source or a large organization can give you a more reliable look than a smaller website with no real authority. Do your research, and find out if the organization really has the authority to rank MBA programs and business-schools.

Even among organizations qualified to rank educational programs, you’ll find differences between lists. Why? Everyone has a different system used to rank these programs. Once may not be more valid than another, but it is important for you to know the differences. Here are some of the main characteristics used for ranking:

* Average test scores of students
* Percentage of students working within six months of graduation
* Class size
* Study abroad opportunities
* Scheduling flexibility
* Academic standards
* Student resources
* Cost
* Percentage of students admitted
* Scholarships given out
* Alumni opportunities
* Green initiatives and sustainability

All of these characteristics used to rank a college may also be weighted differently. For example, List A and List B might both look at cost and student resources, but List A regards cost as more important, while List B is more interested in student resources. So, make sure you understand the weight given to these lists. However, this is not by far an extensive list. When you read any ranking list, make sure you understand all the characteristics used to complete the ranking. Keep in mind that organizations doing the ranking might change their qualifications from year to year.

How can you tell? Most college ranking lists don’t come complete with a breakdown of how they went about ranking each school. Start by reading what they do provide, however. In many cases, the list will come up with a paragraph about the top schools and why they were chosen.

You can always contact the organization that created the list as well. If you’re wondering why certain colleges rank higher than others, just talk to those who created it. Not everyone will reply, but those who do will likely be more than willing to help you. Remember, at the end of the day, you need to choose a school that is right for you. Just because one school is ranked higher than another on a list doesn’t mean that it is the better school for you.

MBA Programs Ranking

Most Valuable MBA Programs Ranking
MBA Programs Ranking By Three-Year Salaries
MBA Programs Ranking By Starting Salaries

US MIS Graduate Program Ranking 2009
List the top 20 MIS (Management Information System) graduate programs in 2009 ranked by USNews.

Tuition and Future Income Ranking Of US MBA Programs
Is a business school degree worth the considerable investment? Our ranking will help you make that determination by comparing the cost of attaining an M.B.A.–foregone income and tuition–to the prospect of a bigger salary. In short, our study shows which schools offer the best return on your investment.

A Complete List Of US Financial Engineering Programs
A complete list of graduate Financial Engineering/mathematical finance Programs in United States.

No GMAT MBA Programs?
Harvard Business School, Standord and MIT Sloan has announced that they no longer require MBA applicants to submit GMAT scores. Is this a no-GMAT trend?

List of US and Canadian MBA Programs that Accept GRE Scores
According to ETS, the following business schools in United States and Canada accept GRE General Test scores for admission to their MBA programs…

GMAT expert Brian Galvin from Veritas Prep explores what to do with a low GMAT Quant score. Find out what scores are considered “too” low, what areas of the application can help supplement a low GMAT math score, and learn some GMAT tips on improving your score. Also, hear how two admissions directors views low GMAT scores, whether the GRE is an option for you, and run through a sample GMAT Problem Solving Question.

Source: MBA Podcaster

We often get the question ‘does an MBA make sense for engineers?’ To answer the question and more, I spoke to an admissions consultant, several students, and a couple of deans about engineers and b-schools.

  • What should applicants with engineering backgrounds emphasize on their applications?
  • How can the engineers round out their skills before they apply?
  • Which are the graduate degree options for engineers?
  • What’s the career track if you get an MBA versus just stay in engineering?

“For the record, we love to see the engineers apply.” That’s Beth Flye, the Assistant Dean and Director of Admissions and Financial Aid at Kellogg School of Management.

Betsy Massar is the founder and CEO of Master Admissions, an MBA Admissions Consultancy.I asked her which schools like engineers.

“Everybody loves engineers.Who wouldn’t? Every school is going to want an engineer as long as they’re engineer that is going to be able to add to the class.If you look at the top schools, you’ll see that about 33 to35% have entering students with engineering or science or technical disciplines in their degrees. Harvard’s class of 2011 has 33% entering students with engineering degrees or science-related degrees.The Stanford Graduate School of Business has 36%.”

Beth Flye of Kellogg says that most schools look for the same things in engineers as they look for in their other applicants.

“We’re most interested in the quality of a person’s work experience. Quality meaning such things as how has that person had impact at their organization. It could be P&L, it could be from a management standpoint, do they have evidence of progression, what skills have they developed. How does their particular professional experience tie to their post-MBA goals, at least their goals that they have articulated.”

Engineers can get a regular MBA or because of their technical background they can apply to a dual MBA-Masters in Engineering program. Not surprising, one of the best of those dual programs can be found at M.I.T. and the Sloan School of Management.

Don Rosenfield, the director of the dual-degree M.I.T. Leaders for Global Operations or LGO program, says that M.I.T. wants high academic performance and achievement and demonstrated leadership skills for both their regular MBA programs and the specialized LGO program.

Rosenfield says leadership can be demonstrated in various ways.

“Ability to work in teams, ability to work with ambiguous data – you look for things like can they deal with difficult situations. Do they have independence of thoughts and action? There’s a whole series of behavioral characteristics that the school looks for.”

He also says they look at what the applicant has done since he or she graduated from undergrad.

“Well for commitment to operations, we look at what kinds of jobs, what kinds of issues they’ve worked on. They don’t necessarily have to be working directly in operations or manufacturing, but they have to show in their interviews and their essays that they are very interested in that area.

OK. On paper you look great. You’ve got great test scores, good grades, and several years of work experience with increasing responsibilities, but Flye says that you need to differentiate yourself from others in the applicant pool.

“The way to do that is to present your authentic self. Who you are, not just the what information, I say, but if you pick up someone’s resume’ that you don’t know, you see some data points, you see some facts. What you do not see is their story. And that is what we are really, really interested in is that person’s story. And that’s where the essays come into play and that’s where the interview comes into play.

Betsy Massar advises that engineers should NOT write their essays all about engineering and their work.

“But to talk about some of the other things that they’re interested in such as reading or movies or sports or anything that indicates that they do more than sit in front of their computer. And I say that because I’ve met so many interesting engineers that have so much else to talk about but for some reason they think that’s the strongest part why they’re applying to business school.”

Kellogg’s Flye concurs. She says if you’re an engineer with great quant skills – this is evident in other parts of your application.

“What is most important in your approach as an applicant is to be holistic about yourself.We want to know all about you. Not just the fact that you have great grades and perhaps a strong GMAT score and strong quantitative skills…But we want to know about your professional experiences. We want to know what your endeavors are. We want to experience through your essays and your interviews who you are. That is very, very core to how we evaluate applicants.”

Massar suggests some specific ways for engineers to demonstrate their well-roundedness.

“Get a hobby.Or look back on their own history and don’t be afraid to explore some of the things they used to like to do other than play computer games.”

The essay is a great way for an engineer to showcase verbal skills – just in case verbal test scores are not quite as high as quantitative scores.Shortcomings in verbal scores don’t necessarily relegate engineers to an engineering career. Flye says Kellogg doesn’t have a minimum score requirements.

“We don’t make a decision isolated solely on one area of criteria.So is it possible, in the case of a person with an engineering background, if that person has a lower verbal score, however one wants to define that, is that a deal breaker? Not necessarily at all.”

Rosenfield says that M.I.T. also is concerned with the entire application.

“We look at all the data, test scores, undergraduate achievement. We recognize that test scores can sometimes not give an accurate picture.Certainly a low test score will be an indicator, but there’s no point that we say we won’t consider ‘x’ and we won’t consider ‘y.’ We’ll certainly look at the scores, but we try to keep it in context.It largely depends on what the rest of the pattern says.”

But if you’re really worried about your verbal and writing skills, Flye has an idea.

“Be proactive. Take a class in that area.”

Massar says if you’re an engineer, don’t jump to the same false conclusion many people do when it comes to engineers and the alphabet.

“They get a bad wrap for being bad writers. I talked to an engineer when he was first entering business school this year. I told him that I was a professional writer. He said I really could use some of your help because I’m an engineer.I went to M.I.T. I couldn’t write to save myself. And I’ve seen his writing. His writing is wonderful. I think engineers think they can’t write, when they can write very clearly. I think some English majors seem to write business writing as it’s the great American novel or they’re trying to channel Barack Obama’s speech writer. And that doesn’t necessarily make for good business communication.”

Massar adds that engineers tend to write to the point and in business writing, it’s about telling the audience what they need to hear in order to make a decision.

So let’s say you’ve got the work experience, you’ve written a killer essay and you were accepted into business school. What might be some good things to know?

Margo Villadelgado is studying for an MBA and Masters in Engineering Management at Northwestern’s Kellogg School of Management. She has an undergraduate degree in systems engineering and economics from the University of Virginia. When she graduated she consulted, mostly in IT. She has some really good advice.

“Really think what it is that you want to do after business school, both immediately and in the future. And really look at what skills you have and what areas you need to fill in and what the business school can do for you – doing some self assessment to make the most of your two years at any business school.”

That seems like a lot of time, but it’s not when there are dozens of courses to choose from.

“It’s a matter of prioritizing which classes and which opportunities I want to pursue in such a short period of time because there’s a lot of great courses and opportunities.

For example, one of the classes that I took that kind of combines both healthcare and marketing was biotech marketing, so looking how healthcare companies approach the marketing discipline and how it differs from a consumer product that is being marketed.”

She’s also taking an experiential learning course.

“One of the ones I’m working on right now is called Newvention. It’s an integration with the business, law, engineering and medical schools. We’ve teamed up to look at the medical device industry, see if there are unmet needs in different areas, and go from the entire process of conceptualizing an idea, prototyping it and looking how you would introduce it to the market.”

Karla Krause worked for Dell for four years in various roles including production scheduling, capacity planning and outsourcing before she enrolled in the MIT Leaders for Global Operations program. Her MBA will give her a more complete picture of the supply chain.

“I’m planning to go back to Dell in a supply chain related function.I’ve been in some parts of the supply chain, but I haven’t done much with the outbound or logistics, the back end portion.What I’m looking to get an expertise in is once the product leaves either the manufacturing facility or the distribution center, how does it get to the end customer. What’s the optimal networks and which vendors do you need to involve there, what are all the implications and where can you become more efficient or save money once the product is made to getting it to the end customer.”

Iker Marcaide is Krause’s colleague at Sloan. He has an undergraduate degree in Industrial Engineering and Masters in Industrial Management from the Polytechnic University of Valencia in Spain. He was a consultant at The Boston Consulting Group where he specialized in strategic plans, operational turnarounds, and marketing strategies. He chose the dual masters at MIT because he wanted a more intense experience than a traditional MBA. He was looking to deepen his knowledge of operational excellence. Which is…

“To put it simply, it’s how you design not only processes to minimize wastes, but also how can you effectively reach the outputs you desire in an organization by making it highly efficient and effective.”

Villadelgado, Marcaide, Krause and their engineering colleagues don’t go to school just to fill holes in their skill sets. The end goal is to advance in their careers.Here’s Krause.

“If you would like to move up and become an engineering manager, or a general manager of engineering or even a VP of the technology sector, you really have to have the business skills. I mean, ultimately, businesses are there to make money and you have to be able to see how the projects are either viable from a financial standpoint or how the projects fit into the overall goals of the company or how they align with the financial health of the business. I think it’s critical and just an absolute perfect pairing to be able to have the engineering technical knowledge and get the business knowledge to know how to apply it. Because ultimately if you move up you’re not going to be doing a lot of the engineering work, but you still need to be able to understand and articulate the engineering projects.”

M.I.T.’s Rosenfield says that engineers with business degrees don’t only move up but often rise to positions of leadership.

“We can offer students the possibility to go into a technology company, work in both the technical and management arenas and rise up significantly.Many of our students go into these companies and experience a formal rotation or if not experience a different variety of jobs and that prepares them for leadership. Students who have been out of the program for a number of years, they are reaching major positions of leadership in these companies.”

Marcaide names examples of positions for which his colleagues in the Leadership for Global Operations program have been hired.

“A sample of positions that the previous class than myself reached was operations manager, transformational leaders, supply chain managers.I think there is also a big trend now into energy.So I think we’ll see people from my class taking leadership positions within energy in manufacturing companies as well.”

But he’s decided to take another route and will become an entrepreneur.

“I found a very interesting optimization problem that we can apply to financial services. So I’m actually going to take the start-up or entrepreneurial route of applying operations management to a non-traditional problem in financial services.”

In other words, engineers who receive an MBA have all the choices a regular MBA has and then some. And they’re in demand says Massar.

“A business school student that has an undergraduate degree in a quantitative hard heavy duty engineering discipline plus a business school strategic framework plus the training they will get in leadership and interpersonal skills especially in the schools that have a focus on leadership development, those students will be well positioned to enter into any company, strategic planning group or in a management consulting firm or even in the financial industry.It’s the way someone thinks about the problem is what the recruiter will probably be looking for.”

Recruiters love you, and just to hammer the point home, so do the b-schools.

“Engineers have been and will continue to be an attractive group from which business schools are recruiting.”

So engineers – get your pencils sharpened, your essays written and your applications mailed.

Source: MBAPodcaster, by Heidi Pickman.

Engineering Majors Better Than B-School Majors?

If you’re the type to take advice from country and western songs, then you no doubt already know that it’s a big mistake to let your kids grow up to be cowboys. Now I’m beginning to wonder whether the same injunction holds true for business majors.

According to the National Association of Colleges and Employers, which surveys college and university career services offices nationwide, the highest-paid disciplines are not in business. In fact the top 10 are all in engineering, computer science, and information systems. Not a business discipline in sight.

How bad is it? Well, when Bloomberg BusinessWeek compiled its ranking of the top undergraduate business programs, we asked all 111 schools for the average graduate’s salary. It turned out to be $48,311, topping out at MIT Sloan (Sloan Undergraduate Business Profile), where the median starting salary was $62,000.

In the NACE survey, that was more or less the average for all bachelor’s degrees ($48,351)—suggesting that business undergrads, which for years enjoyed a significant pay premium over many other disciplines, no longer do.

And when it comes to the engineering disciplines, business is a clear also-ran. Here are the NACE numbers:

Petroleum Engineering: $86,220
Chemical Engineering: $65,142
Mining & Mineral Engineering: $64,552
Computer Science: $61,205
Computer Engineering: $60,879
Electrical/Electronics & Communications Engineering: $59,074
Mechanical Engineering: $58,392
Industrial/Manufacturing Engineering: $57,734
Aerospace/Aeronautical/Astronautical Engineering: $57,231
Information Sciences & Systems: $54,038

Hmmm. Mamas don’t let your babies grow up to be business majors….doesn’t have quite the same ring. Now excuse me while I go study up on petroleum.

Source: BusinessWeek,by Louis Lavelle.

Take The GMAT Test For Free

The Graduate Management Admission Council (GMAC) announced a new fee waiver program today.

The cost of taking the Graduate Management Admission Test (GMAT) exam can be prohibitively expensive for some B-school candidates, especially those unable to scrounge up the hefty $250 registration fee. Now GMAC is hoping to make a dent in that problem, starting a new program that will give business schools the option of waiving the testing fee for “underserved or economically disadvantaged” applicants, the organization announced today. Schools that participate will be able to receive up to 10 fee waivers, and in some cases more if the schools runs an admissions outreach program that targets students in these circumstances, GMAC says. Schools will then issue the waivers to students, who can use it to take one test and send out five official score reports to different business schools of their choosing. The admissions office can also give the waiver to an economically disadvantaged student who wants to retake the exam GMAC says.

“The fee waiver program reflects GMAC’s commitment to helping people with talent enter management education, whatever their financial circumstances,” said Julia Tyler, GMAC’s executive vice president of member services and school marketing.

The fee waiver program is an expansion of an existing one that helps people cover the cost of taking the GMAT, GMAC says. It may also be a strategic way for the testing administrator to compete with the Educational Testing Service, which has spent the last year or so trying to make inroads into GMAC’s domination of the B-school testing arena.

Most Valuable MBA Programs Ranking

Source: Financial Times
Note: This is calculated using the salary earned by alumni today, course length, fees and other costs, including the opportunity cost of not working for the duration of the course.

FT Rank ’10 School name Country Value Employed 3months (%)
1 22 Northwestern University: Kellogg U.S.A. 100 80 ( 98)
2 99 Babson College: Olin U.S.A. 99 71 ( 96)
3 2 University of Pennsylvania: Wharton U.S.A. 98 75 ( 96)
4 36 Cornell
University: Johnson
U.S.A. 97 70 ( 95)
5 34 Carnegie
Mellon: Tepper
U.S.A. 96 81 ( 96)
6 20 Duke
University: Fuqua
U.S.A. 95 76 ( 97)
7 4 Stanford
University GSB
U.S.A. 94 85 ( 96)
8 3 Harvard
Business School
U.S.A. 93 87 ( 100)
9 57 University of
Southern California: Marshall
U.S.A. 92 82 ( 96)
10 8 MIT Sloan
School of Management
U.S.A. 91 83 ( 93)
11 9 University of
Chicago: Booth
U.S.A. 90 82 ( 99)
12 44 Rice
University: Jones
U.S.A. 89 83 ( 97)
13 6 Columbia
Business School
U.S.A. 88 77 ( 90)
14 28 University of
California at Berkeley: Haas
U.S.A. 87 81 ( 96)
15 13 Dartmouth
College: Tuck
U.S.A. 86 83 ( 99)
16 57 Vanderbilt
University: Owen
U.S.A. 85 73 ( 97)
17 28 University of
Michigan: Ross
U.S.A. 84 71 ( 91)
18 38 Georgetown
University: McDonough
U.S.A. 83 78 ( 91)
19 13 New York
University: Stern
U.S.A. 82 80 ( 95)
20 61 Tulane
University: Freeman
U.S.A. 81 83 ( 93)
21 96 SMU: Cox U.S.A. 80 75 ( 95)
22 49 Washington
University: Olin
U.S.A. 79 91 ( 89)
23 34 Emory
University: Goizueta
U.S.A. 78 72 ( 100)
24 31 University of
Virginia: Darden
U.S.A. 77 77 ( 100)
25 48 University of
Rochester: Simon
U.S.A. 76 83 ( 81)
26 61 Boston
University School of Management
U.S.A. 75 90 ( 89)
27 71 University of
Notre Dame: Mendoza
U.S.A. 74 80 ( 97)
28 16 Yale School of
Management
U.S.A. 73 85 ( 99)
29 75 University of
Minnesota: Carlson
U.S.A. 72 78 ( 68)
30 57 George
Washington University
U.S.A. 71 75 ( 91)
31 83 University of
Miami School of Business Administration
U.S.A. 70 62 ( 95)
32 80 Case Western
Reserve University: Weatherhead
U.S.A. 69 53 ( 91)
33 79 Wake Forest
University: Babcock
U.S.A. 68 81 ( 100)
34 80 University of
California: Davis
U.S.A. 67 79 ( 97)
35 11 Iese Business
School
Spain 66 86 ( 97)
36 72 University of
California at Irvine: Merage
U.S.A. 65 92 ( 99)
37 33 UCLA: Anderson U.S.A. 64 71 ( 94)
38 93 Ipade Mexico 63 89 ( 100)
39 52 University of
Texas at Austin: McCombs
U.S.A. 62 79 ( 93)
40 78 University of
Washington Business School: Foster
U.S.A. 61 77 ( 100)
41 47 Boston College:
Carroll
U.S.A. 60 82 ( 95)
42 46 University of
North Carolina: Kenan-Flagler
U.S.A. 59 69 ( 100)
43 43 University of
Maryland: Smith
U.S.A. 58 85 ( 94)
44 40 Manchester
Business School
U.K. 57 93 ( 84)
45 45 University of
Toronto: Rotman
Canada 56 83 ( 95)
46 67 Ohio State
University: Fisher
U.S.A. 55 90 ( 85)
47 57 Indiana
University: Kelley
U.S.A. 54 68 ( 96)
48 89 Arizona State
University: Carey
U.S.A. 53 78 ( 96)
49 83 University of
Arizona: Eller
U.S.A. 52 65 ( 100)
50 67 Thunderbird
School of Global Management
U.S.A. 51 61 ( 86)
51 1 London Business
School
U.K. 50 81 ( 99)
52 67 University of
South Carolina: Moore
U.S.A. 49 62 ( 92)
53 65 Michigan State
University: Broad
U.S.A. 48 74 ( 100)
54 52 University of
Illinois at Urbana-Champaign
U.S.A. 47 81 ( 94)
55 54 Purdue
University: Krannert
U.S.A. 46 75 ( 93)
56 28 Chinese
University of Hong Kong
China 45 93 ( 95)
57 22 Ceibs China 44 75 ( 84)
58 67 Wisconsin
School of Business
U.S.A. 43 91 ( 98)
59 63 Melbourne
Business School
Australia 42 77 ( 92)
60 19 Esade Business
School
Spain 41 81 ( 100)
61 64 University of
Iowa: Tippie
U.S.A. 40 85 ( 99)
62 36 Australian
School of Business
Australia 39 81 ( 89)
63 18 HEC Paris France 38 89 ( 87)
64 94 Hult
International Business School
U.S.A. / U.K. / U.A.E. / China 37 73 ( 95)
65 77 University of
Florida: Hough
U.S.A. 36 79 ( 91)
66 54 York
University: Schulich
Canada 35 80 ( 93)
67 12 Indian School
of Business
India 34 97 ( 99)
68 82 University of
British Columbia: Sauder
Canada 33 83 ( 89)
69 49 University of
Western Ontario: Ivey
Canada 32 87 ( 95)
70 9 Hong Kong UST
Business School
China 31 91 ( 90)
71 99 Macquarie
Graduate School of Management
Australia 30 100 ( 48)
72 86 University of
Alberta
Canada 29 75 ( 100)
73 27 Nanyang
Business School
Singapore 28 81 ( 100)
74 95 McGill
University: Desautels
Canada 27 93 ( 77)
75 38 SDA Bocconi Italy 26 85 ( 90)
76 83 Brigham Young
University: Marriott
U.S.A. 25 83 ( 100)
77 97 EM Lyon
Business School
France 24 81 ( 84)
78 89 University of
Edinburgh Business School
U.K. 23 89 ( 97)
79 41 City
University: Cass
U.K. 22 93 ( 90)
80 73 Aston Business
School
U.K. 21 77 ( 91)
81 25 Rotterdam
School of Management, Erasmus University
Netherlands 20 85 ( 87)
82 54 Texas A & M
University: Mays
U.S.A. 19 89 ( 100)
83 87 University of
Bath School of Management
U.K. 18 95 ( 92)
84 32 Imperial
College Business School
U.K. 17 85 ( 87)
85 6 IE Business
School
Spain 16 89 ( 89)
86 75 Birmingham
Business School
U.K. 15 98 ( 47)
87 87 Vlerick Leuven
Gent Management School
Belgium 14 65 ( 95)
88 21 University of
Cambridge: Judge
U.K. 13 89 ( 93)
89 16 University of
Oxford: Saïd
U.K. 12 74 ( 63)
90 89 Bradford School
of Management/TiasNimbas Business School
U.K. / Netherlands / Germany 11 86 ( 81)
91 42 Warwick
Business School
U.K. 10 89 ( 90)
92 26 Cranfield
School of Management
U.K. 9 95 ( 100)
93 5 Insead France / Singapore 8 79 ( 95)
94 74 Durham Business
School
U.K. 7 90 ( 85)
95 15 IMD Switzerland 6 88 ( 100)
96 98 University
College Dublin: Smurfit
Ireland 5 96 ( 89)
97 51 University of
Strathclyde Business School
U.K. 4 91 ( 55)
98 24 Lancaster
University Management School
U.K. 3 78 ( 75)
99 89 University of
Cape Town GSB
South Africa 2 93 ( 96)
100 65 Coppead Brazil 1 11 ( 100)

MBA Programs Ranking By Starting Salaries

Source: Financial Times

FT Rank ’2010 School Name Country Weighted Salary ($)**
1 4 Stanford University GSB U.S.A. 164863
2 6 Columbia Business School U.S.A. 160679
3 2 University of Pennsylvania: Wharton U.S.A. 160848
4 3 Harvard Business School U.S.A. 161887
5 9 University of Chicago: Booth U.S.A. 151758
6 13 Dartmouth College: Tuck U.S.A. 152802
7 8 MIT Sloan School of Management U.S.A. 154058
8 16 Yale School of Management U.S.A. 139165
9 1 London Business School U.K. 142340
10 5 Insead France / Singapore 139941
11 12 Indian School of Business India 141291
12 28 University of California at Berkeley: Haas U.S.A. 140478
13 22 Northwestern University: Kellogg U.S.A. 138761
14 15 IMD Switzerland 140320
15 16 University of Oxford: Saïd U.K. 136467
16 13 New York University: Stern U.S.A. 136080
17 33 UCLA: Anderson U.S.A. 134301
18 6 IE Business School Spain 139458
19 89 University of Cape Town GSB South Africa 133352
20 31 University of Virginia: Darden U.S.A. 132888
21 26 Cranfield School of Management U.K. 133886
22 36 Cornell University: Johnson U.S.A. 129582
23 11 Iese Business School Spain 128891
24 20 Duke University: Fuqua U.S.A. 129977
25 21 University of Cambridge: Judge U.K. 125690
26 34 Carnegie Mellon: Tepper U.S.A. 126834
27 28 University of Michigan: Ross U.S.A. 125421
28 36 Australian School of Business Australia 122890
29 19 Esade Business School Spain 122825
30 34 Emory University: Goizueta U.S.A. 121973
31 18 HEC Paris France 122086
32 41 City University: Cass U.K. 120632
33 38 Georgetown University: McDonough U.S.A. 121402
34 32 Imperial College Business School U.K. 120306
35 22 Ceibs China 127688
36 47 Boston College: Carroll U.S.A. 118352
37 46 University of North Carolina: Kenan-Flagler U.S.A. 118117
38 57 University of Southern California: Marshall U.S.A. 115746
39 52 University of Texas at Austin: McCombs U.S.A. 116866
40 9 Hong Kong UST Business School China 115535
41 44 Rice University: Jones U.S.A. 114070
42 99 Macquarie Graduate School of Management Australia 113796
43 25 Rotterdam School of Management, Erasmus University Netherlands 113595
44 48 University of Rochester: Simon U.S.A. 113864
45 57 Vanderbilt University: Owen U.S.A. 114086
46 24 Lancaster University Management School U.K. 112214
47 80 University of California: Davis U.S.A. 112125
48 42 Warwick Business School U.K. 110700
49 40 Manchester Business School U.K. 111150
50 27 Nanyang Business School Singapore 110567
51 57 Indiana University: Kelley U.S.A. 110417
52 51 University of Strathclyde Business School U.K. 109994
53 63 Melbourne Business School Australia 107247
54 99 Babson College: Olin U.S.A. 109745
55 49 Washington University: Olin U.S.A. 108746
56 61 Boston University School of Management U.S.A. 107774
57 71 University of Notre Dame: Mendoza U.S.A. 107601
58 78 University of Washington Business School: Foster U.S.A. 106998
59 57 George Washington University U.S.A. 104571
60 43 University of Maryland: Smith U.S.A. 104223
61 38 SDA Bocconi Italy 103560
62 65 Coppead Brazil 104002
63 54 Purdue University: Krannert U.S.A. 103737
64 79 Wake Forest University: Babcock U.S.A. 103733
65 87 University of Bath School of Management U.K. 103640
66 75 University of Minnesota: Carlson U.S.A. 103294
67 67 Wisconsin School of Business U.S.A. 103266
68 28 Chinese University of Hong Kong China 103136
69 65 Michigan State University: Broad U.S.A. 103018
70 49 University of Western Ontario: Ivey Canada 102839
71 54 Texas A & M University: Mays U.S.A. 102300
72 96 SMU: Cox U.S.A. 101299
73 72 University of California at Irvine: Merage U.S.A. 100483
74 67 Thunderbird School of Global Management U.S.A. 100150
75 98 University College Dublin: Smurfit Ireland 99456
76 45 University of Toronto: Rotman Canada 96436
77 77 University of Florida: Hough U.S.A. 99172
78 61 Tulane University: Freeman U.S.A. 98938
79 83 University of Miami School of Business Administration U.S.A. 98736
80 94 Hult International Business School U.S.A. / U.K. / U.A.E. / China 98644
81 89 University of Edinburgh Business School U.K. 98256
82 83 Brigham Young University: Marriott U.S.A. 97928
83 67 Ohio State University: Fisher U.S.A. 97750
84 87 Vlerick Leuven Gent Management School Belgium 97677
85 89 Bradford School of Management/TiasNimbas Business School U.K. / Netherlands / Germany 96993
86 67 University of South Carolina: Moore U.S.A. 95672
87 74 Durham Business School U.K. 95662
88 80 Case Western Reserve University: Weatherhead U.S.A. 95500
89 83 University of Arizona: Eller U.S.A. 94357
90 89 Arizona State University: Carey U.S.A. 94290
91 73 Aston Business School U.K. 93717
92 93 Ipade Mexico 93620
93 52 University of Illinois at Urbana-Champaign U.S.A. 91435
94 97 EM Lyon Business School France 91122
95 64 University of Iowa: Tippie U.S.A. 90845
96 75 Birmingham Business School U.K. 90161
97 95 McGill University: Desautels Canada 83435
98 54 York University: Schulich Canada 85547
99 82 University of British Columbia: Sauder Canada 83514
100 86 University of Alberta Canada 79383

** Note: The average alumni salary today with adjustment for salary variations between industry sectors. This figure includes data for the current year and the one or two preceding years
where available.

MBA Programs Ranking By Three-Year Salaries

Global MBA Programs Ranking By Three-Year Salaries

Source: Financial Times

Note: The average alumni salary three years after graduation. (The 2010 ranking surveyed the MBA class that graduated in 2006). This figure includes alumni salary data for the current year and the one or two preceding years, where available.

FT Rank ’2010 School name Country Sal today ($)
1 4 Stanford University GSB U.S.A. 169989
2 6 Columbia Business School U.S.A. 164108
3 2 University of Pennsylvania: Wharton U.S.A. 163561
4 3 Harvard Business School U.S.A. 161336
5 9 University of Chicago: Booth U.S.A. 156721
6 13 Dartmouth College: Tuck U.S.A. 154607
7 8 MIT Sloan School of Management U.S.A. 154300
8 16 Yale School of Management U.S.A. 141701
9 1 London Business School U.K. 141606
10 5 Insead France / Singapore 140497
11 12 Indian School of Business India 140202
12 28 University of California at Berkeley: Haas U.S.A. 140132
13 22 Northwestern University: Kellogg U.S.A. 139310
14 15 IMD Switzerland 139204
15 16 University of
Oxford: Saïd
U.K. 138818
16 13 New York
University: Stern
U.S.A. 138212
17 33 UCLA: Anderson U.S.A. 138103
18 6 IE Business School Spain 134392
19 89 University of Cape Town GSB South Africa 133352
20 31 University of Virginia: Darden U.S.A. 132623
21 26 Cranfield School of Management U.K. 131954
22 36 Cornell University: Johnson U.S.A. 130124
23 11 Iese Business School Spain 129734
24 20 Duke University: Fuqua U.S.A. 129065
25 21 University of Cambridge: Judge U.K. 128714
26 34 Carnegie Mellon: Tepper U.S.A. 126478
27 28 University of Michigan: Ross U.S.A. 124697
28 36 Australian School of Business Australia 122890
29 19 Esade Business School Spain 122050
30 34 Emory University: Goizueta U.S.A. 121973
31 18 HEC Paris France 121944
32 41 City
University: Cass
U.K. 120632
33 38 Georgetown University: McDonough U.S.A. 120574
34 32 Imperial College Business School U.K. 120306
35 22 Ceibs China 119309
36 47 Boston College: Carroll U.S.A. 118352
37 46 University of North Carolina: Kenan-Flagler U.S.A. 116096
38 57 University of Southern California: Marshall U.S.A. 115840
39 52 University of
Texas at Austin: McCombs
U.S.A. 115750
40 9 Hong Kong UST Business School China 115535
41 44 Rice University: Jones U.S.A. 114070
42 99 Macquarie Graduate School of Management Australia 113796
43 25 Rotterdam School of Management, Erasmus University Netherlands 113640
44 48 University of Rochester: Simon U.S.A. 113480
45 57 Vanderbilt University: Owen U.S.A. 113407
46 24 Lancaster University Management School U.K. 112214
47 80 University of California: Davis U.S.A. 112125
48 42 Warwick Business School U.K. 110700
49 40 Manchester Business School U.K. 110595
50 27 Nanyang Business School Singapore 110567
51 57 Indiana University: Kelley U.S.A. 110456
52 51 University of Strathclyde Business School U.K. 109994
53 63 Melbourne Business School Australia 109538
54 99 Babson College: Olin U.S.A. 109382
55 49 Washington University: Olin U.S.A. 108746
56 61 Boston University School of Management U.S.A. 107774
57 71 University of Notre Dame: Mendoza U.S.A. 107489
58 78 University of Washington Business School: Foster U.S.A. 106998
59 57 George Washington University U.S.A. 104571
60 43 University of Maryland: Smith U.S.A. 104223
61 38 SDA Bocconi Italy 104164
62 65 Coppead Brazil 104002
63 54 Purdue University: Krannert U.S.A. 103737
64 79 Wake Forest University: Babcock U.S.A. 103733
65 87 University of Bath School of Management U.K. 103640
66 75 University of Minnesota: Carlson U.S.A. 103294
67 67 Wisconsin School of Business U.S.A. 103266
68 28 Chinese University of Hong Kong China 103136
69 65 Michigan State University: Broad U.S.A. 103018
70 49 University of Western Ontario: Ivey Canada 102842
71 54 Texas A & M University: Mays U.S.A. 102300
72 96 SMU: Cox U.S.A. 101299
73 72 University of California at Irvine: Merage U.S.A. 100483
74 67 Thunderbird School of Global Management U.S.A. 99731
75 98 University College Dublin: Smurfit Ireland 99456
76 45 University of Toronto: Rotman Canada 99408
77 77 University of Florida: Hough U.S.A. 99172
78 61 Tulane University: Freeman U.S.A. 98938
79 83 University of Miami School of Business Administration U.S.A. 98736
80 94 Hult International Business School U.S.A. / U.K. / U.A.E. / China 98644
81 89 University of Edinburgh Business School U.K. 98256
82 83 Brigham Young University: Marriott U.S.A. 97928
83 67 Ohio State University: Fisher U.S.A. 97750
84 87 Vlerick Leuven Gent Management School Belgium 97677
85 89 Bradford School of Management/TiasNimbas Business School U.K. / Netherlands / Germany 96993
86 67 University of South Carolina: Moore U.S.A. 95672
87 74 Durham Business School U.K. 95662
88 80 Case Western Reserve University: Weatherhead U.S.A. 95500
89 83 University of Arizona: Eller U.S.A. 94357
90 89 Arizona State University: Carey U.S.A. 94290
91 73 Aston Business School U.K. 93717
92 93 Ipade Mexico 93620
93 52 University of Illinois at Urbana-Champaign U.S.A. 91435
94 97 EM Lyon Business School France 91122
95 64 University of Iowa: Tippie U.S.A. 90845
96 75 Birmingham Business School U.K. 90161
97 95 McGill University: Desautels Canada 86627
98 54 York University: Schulich Canada 84182
99 82 University of British Columbia: Sauder Canada 83514
100 86 University of
Alberta
Canada 79383

MBA Job Salaries 2009 In United States and Canada

Within regions, there are substantial differences in salaries offered across industries. The chart below shows the salaries offered in different industries within the US and Canada. Salaries in the US are consistently slightly higher than those in Canada.

Consulting traditionally offers the highest salaries in the region and averages $97,000 in 2009. However, in the USA this year, it is the Government sector which reports the highest average salaries at $100,500. Telecoms reports an average of $95,000, Pharmaceuticals are reporting an average of $93,000. Financial Services and Energy are both reporting average salaries of $91,000. Details are shown below (Source: QS TopMBA.com International Recruiter Survey 2009):

Salary stagnation was a major concern for candidates this year as the gap between supply and demand widened. Recruiters have the bargaining power to determine how many jobs they will post and at what level they will set MBA starting salaries. However, employers surveyed stated that they planned to maintain salaries at 2008 levels.

Business Schools Are Changing the Application Process

The MBA application process is starting to change, with the GRE gaining ground on the GMAT, earlier deadlines, and some schools experimenting with audio and video.

Change is a dominant feature of business schools. Curricula change, new courses are added or dropped every year, professors come and go, and entire programs are born, evolve, or die. But until recently one thing that hasn’t changed much in many years is the application process: A paper application, set deadlines, interviews, and recommendations are still its component parts. Today, though, that process is beginning to undergo a transformation.

Some applications have become more inclusive by accepting GRE and IELTS scores, in addition to the more traditional GMAT and TOEFL scores. Some schools have made their first-round deadlines earlier, so they could provide decisions to applicants in mid-December and keep up with a quicker-paced world. The most compelling change, however, is the inclusion of video or audio components as a way to see the real applicant and his or her creativity.

This evolution is a solution to two problems facing admissions committees: an antiquated admissions process that is out of touch with the lives of applicants and overly packaged applications that lack substance, the result of coaching and consulting run amok, say business school admissions committee directors.

At the Anderson School, the most recent applicants had the option of answering one essay question in audio form, and more than 70% did. The school is now giving students the choice of responding to one of the essay questions with an audio or video clip in the hope that such responses will be more revealing than written answers.

The possibilities of what the future MBA application will look like are endless. Perhaps there will come a day when admissions committee members and applicants see each other via satellite and talk through the essay questions, says Shores. Martinelli says she hopes for an application process that is closer to what the real world of business is like. She would like to see, for example, applicants working on a case as part of a team. Thinking about what it will be like to receive applications on an iPad or e-reader is interesting, Granada says.

Whatever the future holds for MBA applications, technology will play a part. “We think this is where the market is headed,” says Leila Pirnia, founder of MBA Podcaster in Los Angeles. “[These other media] make an applicant three-dimensional and could allow admissions committees to see if the applicant is a true leader.” If executed well, a video can give an applicant the edge. “A video brings the applicant to life,” she adds. “You don’t feel like you’re telling the full story when you write something on paper.”

Source: Business Week, by Francesca Di Meglio.

MBA Programs That Accept GRE Scores

According to ETS, the following business schools in United States and Canada accept GRE General Test scores for admission to their MBA programs:

  • Adams State College
  • Adelphi University
  • Alaska Pacific University
  • Alliant International University
  • Alvernia University
  • American Jewish University
  • Antioch University New England
  • Arcadia University
  • Augsburg College
  • Azusa Pacific University
  • Bainbridge Graduate Institute
  • Baldwin Wallace College
  • Barry University
  • Bay Path College
  • Belhaven College
  • Bob Jones University
  • Brandeis University
  • Brandman University
  • Brenau University
  • Brescia University
  • California Baptist University
  • California State University – Bakersfield
  • California State University – Chico
  • California State University – Stanislaus
  • Campbellsville University
  • Capital University
  • Capitol College
  • Christian Brothers University
  • City University of Seattle
  • Claremont Graduate University
  • Clark University
  • Clarkson University
  • Clemson University
  • Cleveland State University
  • College of Mount Saint Vincent
  • College of St. Scholastica
  • Colorado Christian University
  • Colorado State University – Ft Collins
  • Columbia University (EMBA Program)
  • Concordia University – Portland
  • Cumberland University
  • Dartmouth University
  • Delaware Valley College
  • DeVry University, Arizona
  • DeVry University, California
  • DeVry University, Colorado
  • DeVry University, Florida
  • DeVry University, Georgia
  • DeVry University, Illinois
  • DeVry University, Indiana
  • DeVry University, Maryland
  • DeVry University, Minnesota
  • DeVry University, Missouri
  • DeVry University, Nevada
  • DeVry University, New York
  • DeVry University, North Carolina
  • DeVry University, Oakbrook Terrace
  • DeVry University, Ohio
  • DeVry University, Oklahoma
  • DeVry University, Oregon
  • DeVry University, Pennsylvania
  • DeVry University, Texas
  • DeVry University, Virginia
  • DeVry University, Washington
  • DeVry University, Wisconsin
  • Dominican University of California
  • Drury University
  • Everglades University
  • Fairmont State University
  • Ferris State University
  • Fitchburg State College
  • Florida Atlantic University
  • Florida Institute of Technology
  • Florida International University
  • Florida Southern College
  • Fort Hays State University
  • Fresno Pacific University
  • Frostburg State University
  • Gardener-Webb University
  • Geneva College
  • Georgetown University (EMBA program)
  • Georgia College and State University
  • Georgia Southern University
  • Georgia Southwestern State University
  • Goldey Beacom College
  • Harvard Business School
  • Hofstra University
  • Humboldt State University
  • Illinois State University
  • Indiana Institute of Technology
  • Indiana University of Pennsylvania
  • Jacksonville University
  • John Brown University
  • Johns Hopkins University
  • Johnson & Wales University
  • Kansas Wesleyan University
  • Keiser University
  • Kutztown University of Pennsylvania
  • Laboratory Institute of Merchandising
  • La Sierra University
  • Lincoln University Oakland
  • Loma Linda University
  • Louisiana State University Shreveport
  • Maharishi University of Management
  • Malone College
  • Massachusetts Institute of Technology
  • Medaille College
  • Mercyhurst College
  • Mesa State College
  • Misericordia University
  • Missouri Southern State University
  • Missouri State University
  • Missouri University of Science and Technology
  • Monmouth University
  • Morehead State University
  • Morgan State University
  • Mount Mary College
  • Mount St. Mary’s College
  • Murray State University
  • National University – California
  • Naval Postgraduate School
  • New York University
  • Northern Kentucky University
  • North Park University
  • Northwest Christian College
  • Northwest Missouri State University
  • Northwood University
  • Nova Southeastern University
  • Oakland City University
  • Oklahoma Christian University
  • Oklahoma City University
  • Oral Roberts University
  • Oregon State University
  • Our Lady of the Lake University – San Antonio
  • Pacific Lutheran University
  • Pacific States University
  • Park University
  • Pepperdine University
  • Pfeiffer University
  • Piedmont College – Demorest
  • Point Park University
  • Purdue University – Main Campus (Part-time MBA)
  • Regent University
  • Reinhardt College
  • Rensselaer Polytechnic Institute
  • Rice University (EMBA Program)
  • Rochester Institute of Technology
  • Rollins College
  • Rowan University – Glassboro
  • Rutgers University – New Brunswick (EMBA Program)
  • Salve Regina University
  • Savannah State University
  • Shenandoah University
  • Sonoma State University (EMBA Program)
  • Southern Illinois University Carbondale
  • Southern Utah University
  • Southern Wesleyan University
  • Southwest Minnesota State University
  • Southwestern Adventist University
  • St. Ambrose University
  • St. Bonaventure University
  • St. Edwards University
  • St. Peters College
  • St. Thomas University
  • Stanford University
  • Stevens Institute of Technology
  • Strayer Education, Inc.
  • Sul Ross State University
  • SUNY at Stony Brook
  • SUNY Institute of Technology
  • SUNY New Paltz
  • Tarleton State University – Stephenville
  • Texas A&M College Station
  • Texas A&M International University
  • Texas A&M University – Commerce
  • Troy University – Atlanta
  • Troy University – Troy
  • Troy University – Atlantic Region
  • Troy University – Dothan
  • Troy University – Montgomery
  • Troy University – Phenix City
  • University of Alabama at Tuscaloosa
  • University of Alabama at Birmingham
  • University of Alaska at Fairbanks
  • University of Arkansas – Fayetteville
  • University of California Riverside
  • University of Central Florida
  • University of Colorado at Colorado Springs
  • University of Colorado at Denver
  • University of Dallas
  • University of Denver
  • University of Evansville (EMBA Program)
  • University of Findlay
  • University of Houston – Victoria
  • University of Louisiana – Monroe
  • University of Louisville
  • University of Massachusetts Amherst (Part-Time MBA)
  • University of Memphis
  • University of New Mexico
  • University of North Alabama
  • University of North Carolina – Greensboro
  • University of North Carolina Wilmington
  • University of North Dakota
  • University of North Texas
  • University of Oregon (EMBA Program)
  • University of Pennsylvania, Wharton School (for applications beginning in fall 2010)
  • University of Redlands – Burbank
  • University of Redlands – Orange County
  • University of Redlands – Rancho Cucamonga
  • University of Redlands – Redlands
  • University of Redlands – Riverside
  • University of Redlands – San Diego
  • University of Redlands – Temecula
  • University of Redlands – Torrance
  • University of Rhode Island
  • University of South Carolina
  • University of South Florida – Sarasota
  • University of Southern Maine
  • University of Tampa
  • University of Texas at Austin
  • University of Texas at Brownsville
  • University of Texas at Dallas (Part-time MBA)
  • University of Texas at San Antonio
  • University of the Incarnate Word
  • University of Utah (Professional MBA and EMBA Programs)
  • University of Vermont
  • University of Virginia
  • University of Washington – Bothell
  • University of Washington Tacoma
  • University of West Florida
  • University of Wisconsin – Eau Claire
  • University of Wisconsin – La Crosse
  • University of Wisconsin – Oshkosh
  • University of Wyoming
  • Upper Iowa University
  • Utah State University
  • Utah Valley University
  • Valdosta State University
  • Wake Forest University
  • Washington University in St. Louis
  • Wayland Baptist University
  • Webster University
  • Wesleyan College – Georgia
  • West Texas A&M University
  • Western New England College
  • Whitworth University
  • Widener University
  • Willamette University
  • Wingate University
  • Yale University
  • York College of Pennsylvania
  • Concordia University
  • Lakehead University
  • Queen’s School of Business
  • St. Mary’s University
  • University of Calgary
  • Univ of New Brunswick – Saint John
  • University of Toronto (EMBA Program starting Fall 2010)

Educational Resources

Lesson Plans – Teacher Lingo Community
A searchable database of free K-12 lesson plans submitted and rated by the members of the site

Aviation Schools
Directory of aviation flight training schools.

Accredited Online Homeschool
Click foresttrailacademy.com to get enrollment in accredited online homeschool that help students to satisfy curriculum requirements.Check our Course Catalog to view all available courses.

How To Prepare For Recommendation Letters

Good tips from Accepted to Colleges: Almost all business schools require 3 or more letters of recommendation in your application packet. These can be the scariest aspect of your application because you have little control over what your recommenders are going to say. Further, narrowing down the entirety of your personal interactions to two or three individuals who could recommend you to college seems a daunting process. Fortunately, there are six simple rules you should follow in order to maximize the positive impact of your letters.

Intelligently selecting a person who will recommend you is the first step in receiving a quality letter of recommendation. Those who are aware of recent work or accomplishments in and out of the classroom tend to be the best letter writers. While it may be tempting to ask a high-ranking or well-respected community member — such as a councilperson, judge, or other political figure — to write a letter, resist this temptation unless the person you are asking knows you personally very well.  Consider the following in selecting your recommender:

1. Find a leader who knows you and who has worked with you

A teacher, coach, counselor, advisor, or other school leader who has worked closely with you always makes a good recommender. You want to ask someone with insight into not only your recent accomplishments, but also your future potential. Even though it seems like a recognizable name signed at the bottom of a letter will help your chances, remember that the admissions committee is less interested in who writes your letter than what that person actually has to say. A close relationship with your recommender ensures that your letter will be unique, personalized, and impactful.

2. Ask in advance

You don’t have to wait until you start applying for college before requesting a letter of recommendation. If you are still a freshman or sophomore, you can ask a recommender to write you a letter now before he or she begins to forget all of the individual skills and abilities you possess. You can always hang on to a letter for a while before ultimately sending it in. Also remember that if your due date is creeping up and you have yet to ask recommenders for letters, do it immediately. The longer a recommender has to write his or her letter, the higher quality and more polished it will be. Your school work suffers when you try to write an entire essay in one sitting, and the same is true for recommenders. Ask them well in advance so that they have plenty of time to get the work done.

3. Work with your recommender to tell your story

It is not enough to simply ask your letter-writer to recommend you; you must also give them some direction. Talk with them about your goals, dreams, and plans for MBA study. Remember that your application packet is going to be viewed in its entirety. Letters of recommendation that tell a coherent story along with the rest of your materials are always stronger than those that seem random or disjointed. To enhance this consistency, talk with your recommender about what specifically you would like him or her to write about. A letter from someone who you mentioned in your personal statement and who talks about the same experiences you discussed, for instance, is a great way to tell a unified story.

4. Give your recommenders an outline

Your letter-writer already knows who you are, but they may not have the benefit of knowing you all around. You will want some recommenders to write about specific experiences that you have had with them, but you may also want some who comment on your experiences as a whole. For these letter-writers, provide them with an outline of your experiences and accomplishments. The resume you use for your application packet is a great resource for these writers who can focus their topics on your personal achievements. Remember: a letter that comments on you using specifics is always better than a generic one.

5. Come prepared

When you ask your recommender for a letter, always come prepared with the documents he or she needs to fill out. Sometimes colleges will provide a checklist for the recommender to know what he or she should address. These forms frequently include a box meant for you to indicate if you waive rights to access the contents of the letter. Ensure that you check this box. Your letter writer will be able to write a more honest, informative letter if he or she is not worried that you will be proofreading the comments. Remember that no letter-writer will intentionally write bad things about you, so there is no reason for you to check their letter after they write it.

Make sure to provide the deadline for your letter . Finally, a pre-addressed, pre-stamped envelope is always a nice touch and ensures that your recommender will not accidentally send the letter to the wrong place. Doing all of this research in advance will allow your recommender to focus on saying good things about you rather than trying to figure out the administrative requirements themselves.

6. Use your letters to show the big picture

Depending on how many letters your college accepts, ensure that you tell your entire story with them. For instance, if your college requests three letters, do not simply ask three teachers. Instead, ask your science teacher with whom you helped to develop a Freshman syllabus, your baseball coach of three years, and your club advisor who has watched you plan many community service activities. A diverse pool of letter writers tells a much broader story. Remember that the point of letters of recommendation are to get a deeper insight into who you are. Make sure you have a good answer to the question, “what can this person say about me that other letter writers and I have not already said?

Following these six simple techniques will ensure that you get the best letters of recommendation possible. This part of your application is vitally important and is easy to neglect as you work hard on crafting the parts that you are personally responsible for. But never forget the impact that a well-written letter might have in convincing an admissions officer that you are the right student to fill a seat in their school.

NO-GMAT MBA Programs?

In May 2009, Harvard Business School announced that it will no longer require MBA applicants to submit GMAT scores. Starting with the applications for admission to the Class of 2012, HBS will allow applicants to submit either GMAT scores or GRE scores.

The news makes Harvard the latest in a series of top tier business schools to make the change. In 2006, both Stanford and MIT’s Sloan School of Management permitted the GRE for applicants to their MBA programs. The policy, while common among Executive MBA programs, is still the exception at top-ranked full-time MBA programs, although it’s unclear just how much longer that will be case now that Harvard has made the change.

Harvard’s acceptance of the GRE is a big win for the Educational Testing Service, which administers that test. About 18 months ago, ETS took aim at the lucrative business school market dominated by the GMAT, launching a marketing campaign suggesting that switching to the GRE would result in more applications. The GMAT, which generates about $80 million a year for the Graduate Management Admission Council, is used by more than 4,000 graduate management programs worldwide.

Deirdre Leopold, managing director of admissions and financial aid at HBS, said the GRE was allowed to make the application process easier for applicants considering graduate programs other than the MBA.

Since many HBS applicants are also considering graduate programs besides the MBA, there is now no need for them to take the GMAT if they have already taken the GRE. We believe that both the GMAT and the GRE meet our expectations of what a standardized test can tell us about a candidate’s ability to thrive in our MBA program.

From the test-takers perspective, one big advantage the GRE has over the GMAT is price: the GRE costs just $150, versus $250 for the GMAT. But applicants haven’t exactly been clamoring for a lower-cost alternative to the GMAT. From the schools perspective, the GMAT has a lot of research backing up its claim that it’s a good predictor of success in a graduate management program, whereas the GRE is in uncharted territory.

So will more schools opt for a GMAT-optional approach? ETS is predicting the floodgates will open now that Harvard has taken the plunge. David Payne, an ETS vice president, says the Harvard news, along with a new “noncognitive evaluation” section of the GRE that will be available in July (it measures teamwork, ethics, persistence, and creativity) will convince many other business schools to accept the GRE.

Payne notes that over 220 business schools accept the GRE for MBA applications already, including 5 of the 10 top internationally ranked programs. About 25 new programs signed on in the last month alone, he said. Here’s his take on the impact of the Harvard news:

I think that number [220] will go through the roof over the summer and into the fall. Harvard is going to help us reach that tipping point. Other schools will say, ‘If it’s good enough for Harvard then it’s good enough for our institution.

Free Online Resources For GMAT Preparation

Part 1: Free Online GMAT Practice Tests

  1. The best GMAT practice tests tool is GMATPrep software. It can be downloaded via this link http://www.mba.com/mba/thegmat/downloadfreetestpreparationsoftware/
  2. The GMAT Quantitative Section Simulation Test provided by GMAT MBA Prep. It simulates real GMAT test (the quantitative part) and has 37 questions. Answers, stats and some explanations are also provided.
  3. The GMAT Verbal Section Simulation Test provided by GMAT MBA Prep simulates real GMAT test (the verbal part) and has 41 questions including sentence correction, comprehensive reading and critical reasoning. Answers, stats and some explanations are also provided.

Part 2: Online GMAT Test-taker Commnunities, Forums and Discussion Groups

  1. GMAT Club
    GMAT Club is an interactive community that provides up-to-date information on the Business School Application Process. Open since 2002 and with over 70,000 members, the FORUMS cover GMAT strategies, CAT tests, the MBA application, and even offer free Profile reviews.
  2. Chase Dream (In Simplified Chinese)
    If you understands Chinese Chase Dream is a must-go. Thanks to flexible copyright laws it provides the richest, downloadable and yet free resources. For example, you can find the Official Guide for GMAT Review 12th Edition by playing a little trick. What’s more, the community members are willing to share details of real GMAT test questions right after they leave the test site.
  3. Beat the GMAT
    There are some active experts at Beat the GMAT so surely you can get answer(s) for any of your GMAT question.

How to Start Your GMAT Preparation

The Graduate Management Admission Test (GMAT) is a standardized, three-part test delivered in English. Th e test was designed to help admissions officers evaluate how suitable individual applicants are for their graduate business and management programs. It measures basic verbal,mathematical, and analytical writing skills that a test taker has developed over a long period of time through education and work.

GMAT scores are used by admissions officers in roughly 1,800 graduate business and management programs worldwide. Schools that require prospective students to submit GMAT scores in the application process are generally interested in admitting the best-qualified applicants for their programs, which means that you may find a more beneficial learning environment at schools that require GMAT scores as part of your application.

Because the GMAT test gauges skills that are important to successful study of business and management at the graduate level, your scores will give you a good indication of how well prepared you are to succeed academically in a graduate management program; how well you do on the test may also help you choose the business schools to which you apply. Furthermore, the percentile table you receive with your scores will tell you how your performance on the test compares to the performance of other test takers, giving you one way to gauge your competition for admission to business school.

By answering questions that have appeared on the GMAT test before, you will gain experience with the types of questions you may see on the test when you take it. As you practice, you will develop confidence in your ability to reason through the test questions. No additional techniques or strategies are needed to do well on the standardized test if you develop a practical familiarity with the abilities it requires. Simply by practicing and understanding the concepts that are assessed on the test, you will learn what you need to know to answer the questions correctly.

Because a computer-adaptive test cannot be presented in paper form, GMATPrep software was created to help you prepare for the test. Th e software is available for download at no charge for those who have created a user profile on www.mba.com. Th e software includes two practice GMAT tests plus additional practice questions, information about the test, and tutorials to help you become familiar with how the GMAT test will appear on the computer screen at the test center.

We recommend that you download the software as you start to prepare for the test. Take at least one practice test to familiarize yourself with the test and to get an idea of how you might score. As your test date approaches, take more GMAT practice tests as possible to determine whether you need to shift your focus to other areas you need to strengthen.

Related Blog Links

A1 Web Links -
Blog Directory
http://www.allthewebsites.org
Yellow Pages for USA and Canada
DoFollow – Blog Directory & Resources

How Are GMAT Scores Calculated

Your GMAT scores are determined by:
  • Th e number of questions you answer
  • Whether you answer correctly or incorrectly
  • Th e level of difficulty and other statistical characteristics of each question
Your Verbal, Quantitative, and Total GMAT scores are determined by a complex mathematical procedure that takes into account the difficulty of the questions that were presented to you and how you answered them. When you answer the easier questions correctly, you get a chance to answer harder questions—making it possible to earn a higher score. After you have completed all the questions on the test—or when your time is up—the computer will calculate your scores. Your scores on the Verbal and Quantitative sections are combined to produce your Total score. If you have not responded to all the questions in a section (37 Quantitative questions or 41 Verbal questions), your score is adjusted, using the proportion of questions answered.

Figures below contain the 2007 percentile ranking tables that explain how your GMAT scores compare with scores of other 2007 GMAT test takers.

General GMAT Test-Taking Suggestions from Official Guide 12th Edition

The following are general suggestions to help you perform your best on the test.

1. Use your time wisely.

Although the GMAT test stresses accuracy more than speed, it is important to use your time wisely. On average, you will have about 1¾ minutes for each verbal question and about two minutes for each quantitative question. Once you start the test, an onscreen clock will continuously count the time you have left. You can hide this display if you want, but it is a good idea to check the clock periodically to monitor your progress. Th e clock will automatically alert you when five minutes remain in the allotted time for the section you are working on.

2. Answer practice questions ahead of time.

After you become generally familiar with all question types, use the sample questions in this book to prepare for the actual test. It may be useful to time yourself as you answer the practice questions to get an idea of how long you will have for each question during the actual GMAT test as well as to determine whether you are answering quickly enough to complete the test in the time allotted.

3. Read all test directions carefully.

Th e directions explain exactly what is required to answer each question type. If you read hastily, you may miss important instructions and lower your scores. To review directions during the test, click on the Help icon. But be aware that the time you spend reviewing directions will count against the time allotted for that section of the test.

4. Read each question carefully and thoroughly.

Before you answer a multiple-choice question, determine exactly what is being asked, then eliminate the wrong answers and select the best choice. Never skim a question or the possible answers; skimming may cause you to miss important information or nuances.

5. Do not spend too much time on any one question.

If you do not know the correct answer, or if the question is too time-consuming, try to eliminate choices you know are wrong, select the best of the remaining answer choices, and move on to the next question. Try not to worry about the impact on your score—guessing may lower your score, but not finishing the section will lower your score more.

Bear in mind that if you do not finish a section in the allotted time, you will still receive a score.

6. Confirm your answers ONLY when you are ready to move on.

Once you have selected your answer to a multiplechoice question, you will be asked to confirm it.

Once you confirm your response, you cannot go back and change it. You may not skip questions, because the computer selects each question on the basis of your responses to preceding questions.

7. Plan your essay answers before you begin to write.

Th e best way to approach the two writing tasks that comprise the Analytical Writing Assessment is to read the directions carefully, take a few minutes to think about the question, and plan a response before you begin writing. Take care to organize your ideas and develop them fully, but leave time to reread your response and make any revisions that you think would improve it.

10 Tips for GMAT Verbal Section Sentence Correction Questions

Sentence correction questions make up approximately 14 of the 41 questions in the GMAT verbal section. They present a usually knotty sentence with all or a portion underlined. The answer choices present five versions of the underlined portion and your task is to select the best. Note that the first answer choice always repeats the underlined portion of the original Written English. This is not entirely true. You’ll need a strong grasp of proper style and a taste for clarity in writing to do well. Here’s a list of useful GMAT tips that apply specifically to Sentence Correction questions (Verbal section):

  1. Familiarize yourself with the GMAT verbal section, specifically the sentence completion questions. This can be accomplished through specialized books, courses or tutoring.
  2. Don’t bother to read answer choice (A). It simply repeats the underlined part of the sentence.
  3. Do not worry about spelling or capitalization errors.  The test writers do not test for these 2 errors.
  4. Eliminate any answer choice that distorts the intended meaning of the sentence.
  5. Test-takers have a natural tendency to hyper-correct — to find fault with the original version (the first answer choice). Keep in mind that, on average, in 1 out of 5 Sentence Correction questions the original version (the first answer choice) is the best among the five choices.
  6. Some answer choices might contain internal grammatical errors (they’re grammatically improper, even apart from the sentence). Eliminate them right away to narrow down the viable choices.
  7. You’ll always encounter a second-best answer choice as well. Resolve close judgment calls in favor of the version that most effectively and concisely expresses the intended meaning of the sentence.
  8. Just because an answer choice is a bit wordy or awkward, don’t assume it’s a wrong choice. If it contains no grammatical errors, while each of the other choices do, then it’s nevertheless the best of the five choices.
  9. Just because an answer choice is grammatically correct, don’t assume it’s the best choice. It might be a bit wordy or awkward; or it might contain a redundancy; or it might employ the passive voice. Another choice might be better overall.
  10. Trust your ear. If an answer choice sounds awkward in the context of a sentence, don’t bother to analyze it — eliminate it and move on.

US MIS Graduate Program Ranking 2009

By USNews, the best 20 MIS (Management Information System) graduate programs in 2009 are (from best to least) :

Business Specialties:  Information Systems
1. MIT (Sloan)
2. CMU (PA)
3. University of Texas-Austin (McCombs)
4. University of Arizona (Eller)
5. University of Minnesota-Twin Cities (Carlson)
6. University of Pennsylvania (Wharton)
7. University of Maryland-College Park (Smith)
8. Georgia State University (Robinson)
New York University (Stern)
10. Stanford University (CA)
11. University of Michigan-Ann Arbor
12. University of California-Irvine
13. Purdue University-West Lafayette (Krannert) (IN)
14. Indiana University-Bloomington (Kelley)
15. University of California-Berkeley (Hass)
16. Harvard University (MA)
17. University of Georgia (Terry)
University of Pittsburg (Katz)
19. Arizona State University (Carey)

How to Improve My GMAT Math Score

The GMAT exam is made of three parts: GMAT Verbal, GMAT Quantitative (Math) and Analytical Writing. For American GMAT takers, a high GMAT score is largely dependent on high GMAT Math score. (For Indian or Chinese takers the story is totally different.) Let’s take a look at the GMAT Math first.

The GMAT Math section doesn’t test your advanced knowledge in mathematics. Rather, it tests your problem solving ability. Therefore, calculus or another advanced math topic is never covered on GMAT math. The high school math knowledge is sufficient to answer GMAT math questions. Picking up the correct answer, however, is not as easy as its knowledge base. As said, only the basic math concepts are chosen so that everyone taking GMAT is put on a fair arena. What makes the GMAT exam difficult is the way questions being asked. How often is an individual required to resolve a ‘data sufficiency’ question, either during high school days or now? Likely never! Similarly, the word problems in the GMAT Exam require a good understanding of the way the question is being asked. Needless to say, a majority of high GMAT scorers do familiarize and train themselves in understanding the format of GMAT exam and practice working within the framework of the GMAT format.

So, first of first, you must be familiar with the format of GMAT math questions. There are 2 top categories: Problem Solving and Data Efficiency. Problem solving questions are common math questions while Data efficiency is very special. Please read How To Resolve GMAT Data Sufficiency Questions if you are not familiar with it yet.

Last and most important, practice, practice and practice!!. Take the official practice tests at least twice and study every math question. If you have time, you can find some valuable free GMAT math practice tests online. Take those practice tests and try to understand each question.

Why Work Experience Is Important for MBA Applicants

Work experience gives students a reference point to use as they study business. When experienced students share what they have observed while working, it adds depth to the educational experience of the entire MBA class. In addition, work experience provides a means of demonstrating personal performance..

All of these factors make work history an important consideration in admission decisions. Schools vary considerably as to the weight given to work experience, and admission officers recognise that the abilities developed through employment can also be obtained in other ways.

I suggest thinking about the work experience requirement from the schools end. Most MBA programs involve a lot of case work and case discussions in class. Given 2 students with identical GMATS, GPAs, and quality shcools for undergrad whom is more likely to bring relevant experiences and more well-thought out positions to these classroom discussiions … a student who just graduated with the BS/BA and has a had a couple quality summer jobs or someone who has worked 3-5 years in industry and can bring that experience to the classroom?

What’s more, it’s not just about the quality of class discussions. It also has to do with the quality of the NETWORKING, which I think is probably the most valuable aspect of a top B-school. B-schools want people who have had successful careers not only because they can add to the discussions, but also because they bring a valuable Rolodex of industr contacts that other students can access through them. It’s not just about who you know, but who those other people know. For example, if you want to get a job at Microsoft, and your B-school friend used to work at Microsoft, then that’s your “in”. If you want to meet some powerful industry figure, and your B-school friend actually used to work with that guy, then that’s your “in”.

So basically, when B-schools admit you, they are not admitting just you, they are admitting your entire network of industry contacts. If you don’t have any industry contacts because you’ve never actually worked, then you’re obviously a less valuable asset to the class.

GMAT MBA Prep Presentation at MBA Conference

Presentation of MBA Application Preparation for international students. MBA Application prep includes why MBA, is MBA woth it, MBA scholarships loans; GMAT prep; MBA application essays; scholarships for international students.

MBA Application Prep

What is Entrepreneurship?

The definition of entrepreneurship vary. Here are some examples:

Entrepreneurship, the pursuit of opportunity beyond the resources you currently control, is now a subject with segmented interest across a wide variety of fields and topics, including new venture creation, venture capital, social ventures, business model innovation, open software, internet, corporate entrepreneurship, global business, and biotechnology. — Haas School of Business

The concept of entrepreneurship was first established in the 1700s, and the meaning has evolved ever since.
To some economists, the entrepreneur is one who is willing to bear the risk of a new venture if there is a significant chance for profit. Others emphasize the entrepreneur’s role as an innovator who markets his innovation. Still other economists say that entrepreneurs develop new goods or processes that the market demands and are not currently being supplied.

In the 20th century, economist Joseph Schumpeter viewed entrepreneurship as a force of “creative destruction.” The entrepreneur carries out “new combinations,” thereby helping render old industries obsolete. Established ways of doing business are destroyed by the creation of new and better ways to do them.

Business expert Peter Drucker took this idea further, describing the entrepreneur as someone who actually searches for change, responds to it, and exploits change as an opportunity. A quick look at changes in communications – from typewriters to personal computers to the Internet – illustrates these ideas.

From Business Week (JAN 04, 2010): Six universities have joined a new program of “no co-signer” loans for international students at U.S. B-schools, and more are on the way.

By January 2009, Booth School of Business became the first school to sign onto the Affiliated Loan Program for Students (ALPS), a pilot program financed by Deutsche Bank (DB) which makes it easier for international students to come study in the U.S.

Nearly a year later, the loan program is starting to gain traction at schools across the country. A number of top schools signed on to ALPS in 2009, including Northwestern University’s Kellogg Graduate School of Management, the University of Rochester’s Simon Graduate School of Business, and UCLA’s Anderson Graduate School of Management, among others. Six universities and 15 graduate programs are now using the lending program, most of them business schools. The program holds appeal for international students because it doesn’t require them to have a U.S. co-signer to take out a loan, a crucial requirement for many students, schools say.

Over the past year, ALPS has so far issued about 3,500 loans to foreign and domestic students, and loan volume is upwards of $100 million, organizers say. Business schools are not the only ones taking an interest in the loan program; graduate law and medical programs are also taking note, and more schools are expected to join in 2010, says Kevin Moehn, president of Moehn & Associates, the loan program’s administrator, who’s in the midst of signing agreements with at least four other universities.

“As a result of the global financial crisis, we saw some of the country’s most prestigious schools struggling to replace student loan funding that had been restricted or discontinued by previous lenders,” says Brettschneider in a statement. “By utilizing our resources to create and invest in ALPS, Deutsche Bank is able to help students around the world further their education despite the challenges of the current lending environment.” says Fred Brettschneider, head of global markets for the Americas at Deutsche Bank.

The ALPS program is by far the largest of the business school international student loan programs currently available, and it replicates some of the popular features of the old loan programs, such as not requiring students to have a co-signer or established credit. Interest rates for the student loans are less than 10%, though rates vary depending on the school, and organizers hope rates will be even lower in 2010.

Some features of the program also make it especially appealing to graduate schools. For example, the program leverages a participating school’s credit rating, not its cash, to meet the level of student financing that the school determines. Schools also don’t incur any up-front expenses and don’t need to commit to any minimum or maximum level of loan volume, though they are required to act as co-signers on the notes for the loans, which students obtain from Liberty Bank, an Ohio-based lender. Deutsche Bank purchases the student loans from participating universities and bundles the loans into securities, which are then sold on the capital markets.

Where to Find MBA Scholarships or Assistantship

From ArticleBase: Graduate school scholarshipsare fast becoming more valuable with the costs of education expected to rise in the coming years. Therefore, students who plan to advance into graduate school are looking at these scholarships as a valid option to produce enough funding. When it comes to your search for graduate school scholarships, there are only a few places to go.

Financial Aid Programs

If you want to apply for graduate school scholarships, the first place you must go to is the university or college’s financial aid office. Most of them have a list of possible scholarships and grants that you can apply for. You can also express your desire to acquire financial assistance for your graduate school studies to any one of your acquaintances so they can inform you of potential graduate school scholarships you can attend.

Government Programs

The government provides funds to send individuals to school, especially those who are in deep financial need. Therefore, make it a point to file your application at FAFSA to qualify for any form of student assistance provided by the federal government. If you can find grants and other forms of graduate school scholarships, it is best to opt for them over student loans as the latter needs to be repaid.

Individual Scholarship Groups

If you know of any scholarship group, visit their office and ask around for any open graduate school scholarship that you can apply for. Associations like the National Scholarship Providers Association (NSPA) were intended specifically to provide funding for students.

It takes more deliberate planning to join in and finish an MBA program than most graduate courses. Oftentimes, the high cost of MBA programs from good schools can put much strain on the student’s finances.

The first place to look for an MBA scholarship is in the different business schools, colleges, and universities. The MBA scholarships offered by these institutions are normally available to students that have excellent GMAT scores. An inability to afford the expenses that comes with completing an MBA must be proven together with merit. Nonetheless, other specific eligibility criteria vary with each institution. It is best to consult each business school’s details regarding their scholarship either through phone or through their website.

Apply to as many business schools as you can to increase your chances of getting a scholarship. Consult the school’scounselors or their designated staff regarding their scholarship to give you professional information on their requirements and criteria.

Some banks also provide scholarships and loans to MBA aspirants.

Applying for a scholarship typically requires you to submit a completed application form together with other necessary documents. Keep track of the dates and deadlines set by the institutions you’ve applied to.