Showing posts with label General. Show all posts
Showing posts with label General. Show all posts

Mar 16, 2016

Is that MBA worth it? Let's talk in ROI terms

Source: GMAC

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Need help to get the best application out there for your dream Business School? Come to BizSchoolPrep Consulting. Whether you are a domestic applicant or an international one, our process is uniquely designed to understand your background, and then create a strategy whose sole aim is to get you to the business school of your dream. Know what makes us different.


Evolution of the MBA

Evolution of the MBA via MBA@UNC
Via MBA@UNC Online MBA Program

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Need help to get the best application out there for your dream Business School? Come to BizSchoolPrep Consulting. Whether you are a domestic applicant or an international one, our process is uniquely designed to understand your background, and then create a strategy whose sole aim is to get you to the business school of your dream. Know what makes us different.

Nov 21, 2012

Know your post MBA career: Investment Banking (Part 1)

This is a three part series (courtsey: careers-in-finance.com) Part 1 covers Investment Banking in general, requirements and how to break into this field. Part 2 covers job options in this field, salaries and Part 3 covers Life as an associate (for MBA students) and life as an analyst (undergrads) in Investment Banking.
image courtsey: thinkprogress.org

Investment Banks help companies and governments issue securities, help investors purchase securities, manage financial assets, trade securities and provide financial advice. The top investment banks including Goldman Sachs, JP Morgan and Morgan Stanley are said to be in the bulge bracket.
Other investment banks are regionally oriented or situated in the middle market (e.g. Piper Jaffray). Others are small, specialized firms called boutiques which might be oriented toward an industry vertical, bond-trading, M&A advisory, technical analysis or program trading. Firms have lots of different areas and groups within them. In most firms, there is sales and trading which works with owners of securities, investment banking which works with issuers of securities (firms and governments) and capital markets which goes in between the other two.

Skill and Talent Requirements

Nov 10, 2012

Making the most of a Business School visit



If you can visit the business school you are applying to, it is highly recommended to do so BEFORE submitting your applications. While school webpages, brochures and info sessions are good source for basic research, nothing can compare visiting and experiencing the business program in person. This visit can give you pointers that you can use in your essays and help craft authentic responses to interview questions. So how to make the most of your campus visit?

1. When you arrive, or later but before leaving the school, visit the admissions office and sign up. You'd like to be formally in the attendance roll sheet of the business school.

2. If you registered through adcom office, your name will already be there. If you are visiting on your own, make sure to show adcom officer that you really came.You may also be able to learn about the opportunities through the admissions office that are made specific for prospective students. Make sure your visit includes a stop here for this reason.

Apr 7, 2012

Internationals can't work anymore in UK after studies!

Indians who go to the United Kingdom for higher studies will no longer be able to stay on to work after completing their education. This new regulation, announced earlier, comes into effect on Friday. The number of applications from India for university courses in the UK commencing in September 2012 have already dropped, and the move is likely to trigger a further fall.



The earlier regime permitted overseas students to apply for employment for at least two years on payment of a visa fee of £500.This is being discontinued to reduce foreign workers in a climate of high unemployment in Britain.

Entrepreneur graduates may still find work in UK

Feb 3, 2012

UCLA Anderson Catches Plagiarism...

We, at BizSchoolPrep, strongly support UCLA's initiative in not only catching plagiarism in MBA Admissions but also making these numbers public to warn many others who are toying with the idea of lifting essays from other sources.



A dozen MBA applicants at UCLA’s Anderson School of Management have been rejected after the school discovered plagiarism in their admissions essays—including a passage lifted from businessweek.com.

As the Los Angeles Times reported on Jan. 29, the applicants’ undoing was a service called Turnitin for Admissions. As we’ve reported, the service scans admissions essays and compares them to a huge database containing billions of pages of web content, books and journals, as well as student work previously submitted to Turnitin for a plagiarism check. Turnitin looks for instances of matching text, but leaves it to the individual schools to determine whether the similarity is plagiarism or an innocent mistake.

Top MBA Admissions To-Dos for applicants from Asian region

This post is specifically targeted towards international applicants, in particular the ones from Asian region such as China, Korea, etc and who have not worked in the business environment of western economies.



1. Show not only how comfortable but also how successful you are in western business enviroment.

Mention experiences about your overseas, cross country or multi cultural projects. Showcase how well you understand and appreciate the differences between these different work cultures (of your home country and outside economies) and practices and how adaptable you are to those. Moreover, stress on what you learned from these experiences and how it developed your perspectives in understanding the way of doing business in a particular economy. The exposure need not be only in the professional setting but could be through a study abroad semester, volunteering during school, or anything similar. Learned any language? Tell them.

Jan 22, 2012

QS World MBA Tour coming to US in Feb 2012

Picture Courtsey: QS World MBA Tour

The QS World MBA Tour, which gives prospective applicants to top business school programs an opportunity to meet with leading business school admissions directors and GMAT test prep firms, will be in several major North American cities next month.

The world’s largest MBA fair, the QS World MBA Tour will feature more than $1.2 million worth of available scholarships, panel discussions addressing hot MBA topics and trends, free GMAT information seminars and presentations from local and international school representatives. B-school alumni, entrepreneurial groups and career development organizations will also be in attendance, giving prospective applicants valuable networking opportunities. The fair also features a dedicated section for Executive MBAs as well as a special “Women in Leadership” forum.

Nov 24, 2011

How much does an MBA cost in top tier business schools? Let the $ speak!

by Poets & Quants

The bottom line first: What an MBA now spends to get the degree has increased more than four times the starting compensation in the past ten years. It’s yet another look at the diminishing returns of the degree. It’s not merely costs that has far outpaced the rise in inflation. It’s also a stagnant economy that has kept both pre-MBA and post-MBA compensation down.

So how much does an MBA cost, inclusive of everything?

Over $300K! The highest total cost is for an MBA from Stanford Graduate School of Business where students are typically leaving jobs that already pay them more than $88,000 a year. If you tack two years of forgone earnings to the school’s recommended two-year budget of $174,162 for a Stanford student, the total cost of getting an MBA is now a whopping $351,662. Stanford is hardly alone. There are eight U.S. schools where the cost of getting an MBA now exceeds $300,000.

Nov 17, 2011

GMAC's focuses on Indian and African GMAT aspirants

The Graduate Management Admissions Council (GMAC), which owns the GMAT, this month announced that it has launched new websites for potential graduate management students in India and Africa.

The India site, www.mba.com/India, features details about business schools and MBA programs in India and abroad as well as information about how to finance an MBA program. Through video, Indian students share their experiences of preparing for the GMAT and navigating the MBA admissions process.

GMAC’s decision to launch a site for Indian applicants reflects the dramatic growth the council has seen in the number of candidates from the region expressing interest in business school over the past several years, according to Ashish Bhardwaj, GMAC regional director for South Asia. “Also with significant growth in acceptance of the GMAT at Indian business schools, these candidates have more choice,” Bhardwaj added. “This new site will help them navigate the path to a quality graduate management degree with content designed specifically for this market.”

The Africa site, www.mba.com/africa, is similar to the India site in that it provides an array of information about the GMAT and graduate management education in general intended to help students in Africa who are interested in studying management on the African continent or abroad. Video elements on this site, too, feature students as well as school professionals discussing GMAT preparation and the overall MBA admissions process.

by clearadmit.com

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Oct 8, 2011

How does GMAT scoring algorithm actually works?

 
Disclaimer: Knowing specifically how the GMAT is scored won’t help your score much (if at all), so if you only have a few hours left to study please study! Really, the only way to improve your score is to get more questions right.

Often students wonder about the scoring system when they see the same scores (e.g., two people who each score 49 Quant and 35 Verbal) correspond to two different overall scores (e.g., those same two people earning 690 and 700), or they improve their scaled scores and don’t see a significant increase in their overall (e.g., improving from 50Q and 31V to 49Q and 35V, but the increase is only from 690 to 700). What’s going on?
Dr. Larry Rudner of GMAC recently addressed these issues at last month’s GMAT Summit for top test preparation companies. Here’s what we learned from his presentation:
  • The 200-800 score is the final report, sent to schools to stay consistent with the old paper-and-pencil (pre-1997) test scoring system, but the scoring algorithm used in the computer uses its own system and just converts the 0-60 and 200-800 values over as that last step in reporting.
  • Each scaled score has a corresponding “interim range” (or, actually, the interim range is what the computer first gives you before converting to a scaled score) which spans 2-3 numerical values, so your 50 on Quant might correspond to a range of 60-62 on that GMAT computer scale (again, the computer uses its own numbers that are more consistent with how the CAT algorithm scores you, then the system converts to the familiar display numbers). Those interim scores for Quant and verbal are then combined and your “interim sum” (which now may span 5-6 potential values since you’re adding two ranges together) is then converted to your 200-800 score.

    So not all 49s (scaled score) are created equal — your 49 might be a “high 49″ (at the higher end of the interim range of scores and someone else’s might be a “low 49.” When the computer uses its interim value, if you have a high/high split of interim values for the same Q/V scaled scores and someone else has a low/low split on theirs, your 49/39 might be a 730 and theirs a 710. The 3-digit 200-800 score is valid — it’s just that you don’t see the full process that goes into calculating it.
  • So as an example (courtesy Dr. Rudner’s presentation), if you have a 50Q/31V, that has a potential range of:

    – Quant: 51 scaled –> 60-62 interim range (you could be a 60 or a 62 and still end up at 51 scaled)
    – Verbal: 31 scaled –> 42-43 interim range

    Total: 102 – 105 on the interim scale, on which 102 would correspond to a 670 and 105 would correspond to a 690. So the same two scaled scores could swing 20 points either way on the overall score, and that’s because the overall score is calculated using the computer’s numbers, not your score report numbers.

However complicated, the system is quite transparent; you can learn more about it at www.mba.com, the Graduate Management Admissions Council’s site for statistical research and trends. You’ll see there that your score is calculated fairly, accurately, and efficiently. So, as always, the lesson is to worry less about how your score is measured and more about how to maximize the value of that measurement!

by - VeritasPrep

Jan 27, 2011

Hello World - I'm born!

We at BizSchoolPrep are excited to finally start our own blog. This is 21st century and while journals, notebooks and diaries are still around, they are used more by the kids in the classrooms and as new year gifts than being used to record anything from accounting tables to those sweet and sad personal stories. In fact, many of the top business schools have offering the incoming class an iPad to be used during the classrooms! So our dear blog, we welcome you and ourself to this side of the virtual world. 

But who are we? Why are we blogging? What will we be blogging about? These are the questions that may have come into your mind. So let us start answering them, one at a time !

Who are we?
We are BizSchoolPrep, an MBA admissions consulting firm. We are a team of MBA consultants from some of the top B Schools and many of us have even served as the member of the admissions committee of these schools where we evaluated actual applications and interviewed candidates towards admission to the full time MBA program. We have successfully advised many candidates to get admissions to the MBA school of their choice. We are especially geared towards the MBA aspirants from outside USA countries and mainly from Indian subcontinent.

All you want to know about us, can be found at our website BizSchoolPrep.

Why are we blogging and what will we be blogging about?
While having a web presence through a website is good, even necessary in this electronic age, we found that it is not a very flexible manner to share our thoughts with the outside world about what we see in the MBA admissions world. This blog will be our place to discuss what is happening in the MBA admissions and share our perspectives about this side of the world with all of you. We will also share with you any interesting insights or facts that some other bloggers are penning. You’re probably at this site because you want to know what is happening in the MBA admissions world and that is exactly why we are blogging!

We'd love to hear from you and encourage you to leave the comments on the stuff we scribble here. Moreover, you can also write to us at blog @ bizschool (dot)(com)

We are excited !