February 24th, 2010 by 
TY
The GMAT ToolKit, a leading mobile GMAT Prep application developed by GMAT Club, has just been featured by Apple® on its “What’s Hot” list. The iPhone® app is part of an ongoing project by GMAT Club to bring high-quality design and execution into the mobile test prep space. The ToolKit was originally released several months ago and has since undergone 3 updates to include additional features requested by users.
Today, the app is no longer a simple GMAT Timer, but a leading GMAT prep tool that includes:
- QUESTION SETS – application comes preinstalled with 111 Hard Quant questions and also includes an option to download free additional SC questions from the GMAT Club forum.
- FORUM – direct access to GMAT Club’s forum using enhanced navigation features.
- BOOKS – a must-have grader/error/time log for Official GMAC books
- TIMER – the most sophisticated GMAT Timer specifically designed for GMAT preparation.
- IDIOMS – an adaptive system to test your knowledge of 240 idioms.
- VOICES – save prep time by getting recommendations from over 78,000 GMAT Club members.
- MATH – detailed review of Absolute Value, Triangles, Circles, Coordinate Geometry, Standard Deviation and Probability.
- RESOURCES – links to the most important topics in the GMAT and MBA community.
- NEWS – receive 2 GMAT questions daily with our “Question of the Day” tool, use the embedded RSS Reader to manage your own feeds and stay current on the latest GMAT and MBA news.
- Just in case this is not impressive enough, new features and improvements are already on the roadmap for another update in 2-4 weeks, which owners of the app will receive for free.
The latest version of the GMAT ToolKit will enable users to easily add custom content and questions to their iPhone or iPod Touch, significantly expanding test preparation options and moving beyond traditional learning styles. For additional screenshots, to learn more about this iPhone App, or to leave a comment, please visit: GMAT ToolKit for Apple iPhone dedicated page.
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December 21st, 2009 by TY
There appears to be a drop in interest from overseas applicants to U.S. MBA programs, according to Kumar Anand of the Economic Times in an article titled: “Number of Applicants for Executive Management in Indian B-Schools Rises.”
Anand cites the example of Jorawar Singh, an Indian young professional seeking an MBA degree inside India and not the likes of Boston and Ohio B-Scools. This is unusual for many Indian MBA applicants, as well as applicants from other countries, too, as U.S. schools are typically the most sought after in terms of admission. Anand writes: “In all, 42% of the full-time MBA programs in the U.S. reported a decline in the number of foreign applicants. Of these, as many as 70% reported the largest decrease in number of applications from India.”
Jorawar Singh, the young professional Anand cites, feels a one-year B-School in India will help him get a job after graduation in India, as opposed to going overseas and then returning to look for work. Singh contributes, by saying: “Today, quite a few Indian B-Schools are offering quality executive management program at much cheaper cost.” Anand adds to this, saying that a number of Indian MBA applicants favor Indian B-Schools over U.S. B-Schools because the quality of education is much higher in India than is used to be, not to mention the cheaper cost.
Dave Wilson, president and CEO of GMAC (Graduate Management Admission Council) claims:
“More Indians prefer Indian B-Schools over B-Schools in the U.S. Of late, India has been offering world-class management education. Less expensive quality education provided by Indian B-Schools remains a big draw for Indian students. People are interested in pursuing MBAs from the geography where they could continue working, and India has emerged as a preferred destination for many.”
Curious to know the facts supporting these statements? Anand claims that a total of 17,488 applications were submitted to Indian B-Schools in 2008. That number is five times higher than seen in 2004, according to the GMAC. At the moment, 24 Indian B-Schools accept GMAT scores for 53 programs.
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Posted in Admissions, MBA · 2 Comments »
December 4th, 2009 by TazM
Posted in GMAT, MBA · No Comments »
November 6th, 2009 by TimR
Dr. Joern Meissner, Founder and Chairman of Manhattan Review, has written an opinion editorial for the MBA supplement of one of Germany’s leading daily newspapers, the Frankfurter Allgemeine Zeitung (FAZ).
In particular, he discusses which characteristics a successful MBA student needs to have. He argues that good quantitative skills are essential for a manager, but alone are not enough. Social skills and teamwork are mandatory supplements for long-term success and have often been neglected in business school education. He proceeds then to discuss Lancaster University Management School’s leadership role in integrating these aspects into the current curriculum.
Dr. Meissner also mentions well-known academic Henry Mintzberg who is famous for his criticism of current MBA Programs. One of his arguments is that while case studies are in theory useful to get a feel for the daily life of a manager, they also undermine the importance of real-life work experience. The fact is that co-workers and subordinates aren’t just a set of data, but complex individuals who require more than analysis and strategies to be led effectively.
The founder of Manhattan Review already stressed the importance of a strong and impressive personality in addition to academic achievements in his previous FAZ Article from 2007. In his current article, he shows how this translates into the requirements for success in the business world. Quantitative skills are merely half the bet and social competence is a must for aspiring top managers.
An English translation, titled “It’s in the Mix: The Career Success Factors of MBA Graduates” is available in his blog.
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Posted in Career, MBA · 1 Comment »
September 29th, 2009 by TimR
Online degrees don’t have the stigma they once did. In fact, many universities are pouring money into their online degree programs because it’s such a practical option for so many people looking to go back to school. What’s not to like about it? It’s cheap. It’s convenient. But when you’re aiming for an MBA, how does it work? Does it differ at all from an “in-the-classroom” MBA?
Many students worry about two aspects of the online MBA: its accreditation system and whether or not their degree will specify they received an online degree as opposed to an in-person degree. In general, MBAs require 36 credits, usually divided into two years: one for generalized business study, the other for specialized study. The online MBA works no different. A slight alteration, however, is discussion in the classroom is replaced by forums and message boards through the Internet. In terms of your degree, most degrees don’t actually say where the degree was obtained. According to “OnlineMBADegrees.net,” the only way a potential employer would know you received an online degree was if you received it from a school that only functioned online.
Students also wonder if it takes longer to complete an online MBA versus that of an MBA at a university. Actually, students can finish their degrees in less than the two years it normally takes to do so in person since so much of the work you do in the online degree program is self-motivated.
Another major concern about the online MBA is whether it assists candidates in increasing their salaries like traditional MBAs are advertised to do. According to “elearners.com,” online MBA degree candidates hold all sorts of positions after graduation – including vice presidents and CEOs. The GMAC averaged in 2005 that all MBA graduates (online and off!) could expect to earn an average of $106,000.00. Wanting an even better bet?
What are some top schools to get an MBA from? Check out MacQuil and Onlinembaguide.
In summary: an online MBA is no less legitimate than an “in-person” MBA. Pursue the MBA program that’s right for you.
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Posted in MBA · 1 Comment »
