Winners of GMAC Innovation Challenge to Share $260,000 in Prizes

The Graduate Management Admission Council (GMAC), owner of the GMAT exam, yesterday announced the winners of its global Ideas to Innovation (i2i) Challenge, part of an initiative to advance business education around the world. Twenty-one winners will share more than $260,000 in prize money for their ideas on how to creatively change management education.

The winners were selected from more than 650 people representing 60 countries who entered ideas into the competition, which ran from July to October 2010. Half of the ideas were submitted by business school alumni and current and prospective students, though the competition was open to anyone. The 21 winners represented nine countries and included current business school students, university faculty members and corporate teams.   » Continue reading

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U.S. News Spotlights Clear Admit in Article on Work Experience

An article last week in U.S. News & World Report featured an in-depth interview with Clear Admit co-founder Graham Richmond answering a host of questions about the importance of work experience to the MBA application process.

Richmond fielded questions ranging from how much work experience an applicant should have before applying to an MBA program to how highly top schools value internships as compared to full-time jobs to what kinds of prior jobs are of little value in the application process.  » Continue reading

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Product Review: Beat The GMAT Practice Questions

Earlier this week, Beat The GMAT launched their new and improved GMAT prep software, Beat The GMAT Practice Questions. This online product provides users with access to over 700 sample GMAT questions, accompanied by instant explanations and performance reporting data. Last week, our friends at BTG gave us a sneak peek of this product, and we want to share our thoughts on it with our readers.  » Continue reading

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Vault Ranks Business Schools by Employability in Banking

This post is authored by Carolyn C. Wise, Vault.com’s Senior Education Editor.  She oversees the production of 10 annual guides covering undergraduate and graduate admissions, top internships, and career advice compilations for entry-level law and MBA job seekers.  Her team is responsible for all educational content on Vault.com, including law school profiles, admissions advice, GMAT prep and business school industry trends articles.  Carolyn reminds students that, “studying is important, but it isn’t everything. Volunteer, or join a club or sports team. This will make you happier overall—and more attractive to potential employers.”

Of the almost 2,000 banking professionals we surveyed this summer, only 8.8 percent said location was a major factor in their decision to join their firm.  For prospective MBAs, location plays a much bigger role–not only when choosing a business school, but also when considering prospective employers at graduation.  A whopping 79 percent of business school students we surveyed in May told us that location influenced their decision to attend a particular school.  And if you want to pursue a career in finance, location should play a major role in your business school decision, too.  » Continue reading

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Reminder: Forté Foundation Forum Events Begin This Week

Starting today, the Forté Foundation is hosting MBA events for women in nine major cities. The 2010 Forté Forum, the title of which is “The MBA Value Proposition,” offers prospective female MBA applicants the chance to network, learn about careers in business, and discover how an MBA can open doors to new career opportunities.

Each Forté Forum features an MBA alumnae panel, made up of women from various industries and stages of their career who will share their own experiences, and an admissions panel, which will enable attendees to meet and connect with admissions representatives from over 30 business schools. Additionally, a school fair will be open for the duration of the event.    » Continue reading

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Top Business Schools by Employability in Consulting

This post is authored by Carolyn C. Wise, Vault.com’s Senior Education Editor.  She oversees the production of 10 annual guides covering undergraduate and graduate admissions, top internships, and career advice compilations for entry-level law and MBA job seekers.  Her team is responsible for all educational content on Vault.com, including law school profiles, admissions advice, GMAT prep and business school industry trends articles.  Carolyn reminds students that, “studying is important, but it isn’t everything. Volunteer, or join a club or sports team. This will make you happier overall—and more attractive to potential employers.”

Lots of MBA students start business school planning to get a job in consulting after graduation (whether they actually wind up pursuing one or not).  For them, consulting is either a career path in itself or a way to learn the skills required to break into another industry.  So knowing which business schools will help you get a job at the top consulting firms is valuable knowledge before you matriculate.

Consulting is a diverse industry, not only in definition but also in practice, as consultants can work on a health care project one week and an education one the next.  Therefore, there is no one, ideal applicant.  The skills necessary to succeed as a consultant are not specific to the industry–problem solving, decision making, etc.–there is no Consulting 101 (though there are consulting-oriented offerings).  Although business schools provide employment statistics of the number of graduates who enter the consulting field, no business school ranking specifically addresses graduates’ employability in the industry.  So which business school graduates the most consultants?  » Continue reading

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Reminder: Register Now to Attend a QS World MBA Tour Event

Starting in just a few days, the QS World MBA Tour is making stops in several North American cities. These events, which are scheduled throughout September and in early October, offer MBA hopefuls a chance to meet and network with admissions representatives and alumni from global business schools, as well as with other MBA applicants.

The QS World MBA Tour events provide MBA applicants with the opportunity to research business schools and learn more about the MBA admissions process. Each event features a pre-fair admissions panel, career panels with MBA recruiters and alumni, and a GMAT seminar with Kaplan. Additionally, tour attendees have the chance to participate in a sample MBA class, and receive information on MBA admissions and scholarships. Participating business schools include INSEAD, NYU Stern, Duke/Fuqua, Berkeley/Haas and more. Moreover, MBA applicants who attend one of the QS World MBA Tour events are eligible to apply for over $1.6 million in scholarships, to help finance their business school education.  » Continue reading

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Register Now for a Forté Foundation Forum

This fall, the Forté Foundation is hosting MBA events for women in nine major cities. The 2010 Forté Forum, the title of which is “The MBA Value Proposition,” offers prospective female MBA applicants the chance to network, learn about careers in business, and discover how an MBA can open doors to new career opportunities.

Each Forté Forum features an MBA alumnae panel, made up of women from various industries and stages of their career who will share their own experiences, and an admissions panel, which will enable attendees to meet and connect with admissions representatives from over 30 business schools. Additionally, a school fair will be open for the duration of the event.    » Continue reading

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Reminder: Register Now for the MBA Tour Events in the U.S. and India

Starting in just a few days, The MBA Tour is making stops in several cities throughout the U.S. and India.  These events offer prospective MBA applicants the opportunity to meet and network with MBA program representatives, MBA alumni and other applicants.

Each MBA Tour event features MBA panel presentations, which will address pertinent admissions topics as well as answer an array of MBA applicant questions. The panelists, who are admissions representatives and other experts in the field, will discuss such topics as “How Admission Decisions Are Made” and “Financing Your MBA.” Also on the agenda for each event are individual school presentations, during which admissions representatives will spend 30-40 minutes highlighting their schools’ unique offerings. These presentations are designed to enable applicants to learn more about and compare the different programs. At the end of each event is an open fair that allows attendees to meet one-on-one with admissions representatives and alumni, in order to gather more information and have their personal questions answered. Each event also includes a free GMAT session, hosted by The Princeton Review.  » Continue reading

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Register to Attend a QS World MBA Tour Event

This fall, the QS World MBA Tour is making stops in several North American cities. These events, which are scheduled throughout September and in early October, offer MBA hopefuls a chance to meet and network with admissions representatives and alumni from global business schools, as well as with other MBA applicants.

The QS World MBA Tour events provide MBA applicants with the opportunity to research business schools and learn more about the MBA admissions process. Each event features a pre-fair admissions panel, career panels with MBA recruiters and alumni, and a GMAT seminar with Kaplan. Additionally, tour attendees have the chance to participate in a sample MBA class, and receive information on MBA admissions and scholarships. Participating business schools include INSEAD, NYU Stern, Duke/Fuqua, Berkeley/Haas and more. Moreover, MBA applicants who attend one of the QS World MBA Tour events are eligible to apply for over $1.6 million in scholarships, to help finance their business school education.  » Continue reading

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Free Clear Admit iPhone App Helps Prospective Applicants Manage Complex MBA Admissions Process

Clear Admit has recently launched version 2.1 of its MBA Planner, an application for the iPhone and iPod Touch designed to make it easy for prospective applicants to juggle the many moving parts that make up the MBA application process. This FREE app, available now for download at the iTunes store, features a range of organizational tools and detailed information about individual schools to help applicants save time and stay on track as they apply to multiple top-tier MBA programs.

The decision to apply to business school launches a time-intensive, complex process that involves conducting detailed research about target schools; connecting with students, alumni and admissions officials; and managing multiple deadlines, recommenders, transcripts and essays for each program on your list. The Clear Admit MBA Planner puts all of this information at an applicant’s fingertips while also providing live updates of news and developments at individual schools.  » Continue reading

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USC / Marshall 2010-2011 Deadlines

USC / Marshall has just released its deadlines for the upcoming admissions season. The deadlines are as follows:

Application Deadlines
Round 1: November 1, 2010
Round 2: January 15, 2011
Round 3: March 15, 2011

Notification Dates
Round 1: February 1, 2011
Round 2: April 1, 2011
Round 3: May 15, 2011

Applicants should note that all materials must be submitted to the admissions committee by 11:59pm PST for consideration during the round.  International students and those who wish to be considered for fellowships are urged to apply by the Round 2 deadline.

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The MBA Tour to Host Events in the U.S. and India This September

This September, The MBA Tour is making stops in several cities throughout the U.S. and India.  These events offer prospective MBA applicants the opportunity to meet and network with MBA program representatives, MBA alumni and other applicants.

Each MBA Tour event features MBA panel presentations, which will address pertinent admissions topics as well as answer an array of MBA applicant questions. The panels are made up of admissions representatives and other experts in the field, who will discuss such topics as “How Admission Decisions Are Made” and “Financing Your MBA.” Also on the agenda for each event are individual school presentations, during which admissions representatives will spend 30-40 minutes highlighting their schools’ unique offerings. These presentations are designed to enable applicants to learn more about and compare the different programs. At the end of each event is an open fair that allows attendees to meet one-on-one with admissions representatives and alumni, in order to gather more information and have their personal questions answered. Each event also includes a free GMAT session, hosted by The Princeton Review.  » Continue reading

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MBA Applicant Shares Insights on the Clear Admit Harvard Business School Guide

MBA applicant blogger “MBADreamz” recently shared with us a blog post he wrote detailing his thoughts on the Clear Admit Harvard Business School Guide. MBADreamz acquired the Harvard Business School Guide as a prize for winning Twitter Trivia, our weekly contest in which we ask our Twitter followers a question based off of our latest Trivia Tuesday blog post.

In his review, MBADreamz explains the structure of the guide, providing brief summaries of the chapters featured in the guide and sharing his reactions to them. Before diving into this concise breakdown of the sections, MBADreamz begins by declaring the School Guide “an amazing resource, no doubt.” He also speaks to the comprehensive nature of the guide when he states that the Harvard Business School Guide is “almost like an encyclopedia in one pocketbook.”  » Continue reading

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