News, advice and resources for business school applicants


Keep up with the latest events and news on MBA programs, Part-Time and Executive Programs, and rankings.

Majority of Business Schools Now Accept GRE, But More Applicants Stick with GMAT

GREA whopping 85 percent of U.S. business schools now accept the GRE as an admissions test alternative to the GMAT, according to a 2014 survey by Kaplan Test Prep. That’s up from only 24 percent of business schools who said they accepted the GRE in 2009, when Kaplan first began tracking the issue. GRE acceptance by business schools has been growing steadily year over year, Kaplan reports.

But even as more schools report accepting scores from the GRE, most MBA applicants are still choosing to submit scores from the more traditional GMAT. More than half of the admissions officers surveyed by Kaplan this year reported that only one in 10 or fewer applicants chose to submit GRE scores instead of GMAT scores, representing a slight increase from Kaplan’s past surveys. Continue reading…

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New Light Installation Commissioned for MIT Sloan School of Management Main Building

MIT sloan E52When Building E52, the main facility for the MIT Sloan School of Management, reopens after extensive renovations in January 2016, it will feature a new light installation by artist Leo Villareal, the school announced recently.

Villareal, who last year created The Bay Lights on the San Francisco Bay Bridge West Span, was recently awarded an MIT Percent-for-Art commission to create a light installation for MIT’s Building E52. His plans for E52 include a light sculpture in the north vestibule of the building as part of a new, glass-enclosed entrance. The sculpture will feature 240 hanging LED rods – each approximately 9 feet tall with 72 individual LEDs – arranged from the ceiling in rows. As part of the work, Villareal will create a software code programming the LEDs to cycle through a randomly generated series of combinations. Continue reading…

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UC Berkeley’s Haas School of Business Awards Scholarships to Half of Full-time MBA Class

Haas 2The Haas School of Business at the University of California at Berkeley set a new record this year, awarding scholarships to a full half of its entering full-time MBA class, the school announced earlier this month. In all, Haas will provide almost $6 million in scholarship aid to students across its three MBA programs, with an average award of $26,000 for students in the full-time MBA program.

“It’s a real tipping point, and we plan to continue the trend of providing the highest level of financial support possible to help our students achieve their academic goals,” Daniel Roddick, Haas director of financial aid, said in a statement. Continue reading…

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Bloomberg Businessweek Unveils Social Media Campaign #WhyMBA

Bloomberg Businessweek Unveils Social Media Campaign #WhyMBA

Yesterday, Bloomberg Businessweek launched #WhyMBA, a social media campaign designed to get MBA hopefuls, students, alumni, and business leaders talking about the value of a graduate education in business. The #WhyMBA campaign is part of the run-up to the release of Bloomberg Businessweek’s full-time MBA program rankings on Tuesday, November 11. Every day until the release, Bloomberg will post daily questions on Twitter with the hashtag #WhyMBA, and track the ensuing conversation on the campaign’s website.

The Business Education Editor of Bloomberg Businessweek, Francesca Levy, explains that Businessweek created the social media campaign to prompt a wider look at business education. “The #WhyMBA project was devised to broaden the business school discussion,” she says. “We want to find out how people really feel about MBA programs in today’s market. Our upcoming full-time MBA program rankings will help answer the very specific question, ‘which school is right for me?,’ but #WhyMBA opens the real debate to graduates and everyone else: What does a good B-School accomplish or teach? And do those lessons make it worth the time and expense of getting an MBA?”

The Businessweek #WhyMBA site features a leaderboard for business schools. Students and alumni can help place their schools at the top of the MBA leaderboard by placing their school’s twitter handle in their tweets about the value of an MBA. The tweets are a good resource for prospective students, too. You can see what MBA students and professionals are saying about particular schools and the value of the MBA at Businessweek’s website.

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UNC Kenan-Flagler Publishes New MBA Application Guide for Prospective Applicants

MBA ApplicationMBA@UNC, the online MBA program at the University of North Carolina’s Kenan-Flagler Business School, has just released a new MBA application guide designed to aid prospective applicants in the admissions process. Though produced by Kenan-Flagler, the guide was designed to serve as a resource for students applying to any business school.

Through a series of online articles, MBA@UNC has compiled best practices along with tips and advice for preparing the strongest possible MBA application. Articles in the series delve into topics ranging from choosing between the GMAT and the GRE to how to secure strong letters of recommendation. You’ll also find posts devoted to strengthening your resume, writing compelling essays and acing the interview. Continue reading…

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Georgetown’s McDonough School of Business Announces Semi-Finalists in Inaugural Rural Entrepreneurship Challenge

georgetown mcdonough editedEntrepreneurship has certainly become a buzz word at business schools, but “rural entrepreneurship” is a term you don’t hear quite as often. Unless you’re at Georgetown University’s McDonough School of Business, where rural entrepreneurship is currently front and center.

McDonough yesterday hosted the National Summit on Rural Entrepreneurship, which included the announcement of 10 national semi-finalists in the first-ever Rural Entrepreneurship Challenge. The challenge – a joint venture between the American Farm Bureau Federation (AFBF), McDonough’s Global Social Enterprise Initiative (GSEI) and the Georgetown Entrepreneurship Initiative’s Startup Hoyas – is an opportunity for individuals to showcase innovation taking place in rural regions of the United States.   Continue reading…

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Chicago Booth Releases Interview Notification Timeline

Chicago Booth Releases Interview Notification Timeline

Did you apply to the University of Chicago’s Booth School of Business Round One this year? Tyler Smith, an Assistant Director of Admissions at Booth, has written a post titled “Behind the Scenes of Round One,” where he provides crucial details of Booth’s admissions process for Round One applicants, including Booth’s timeline for Round One interview notifications.

The Admissions Committee at Booth is currently reviewing Round One applications. Applications are read in random order and interview decisions will be made on a rolling basis. Booth will notify candidates whether they have been invited back for an interview beginning in mid-October, and all candidates should receive notice of their status by October 24th.

The Booth Admissions Committee strongly encourages all applicants who are invited to interview to come to Booth for their interview. The on-campus interview gives applicants another chance to explore the Booth community and learn more about the school. However, the school understands that not everyone can travel to Chicago, so they are also making alternate interview arrangements available in cities across the world. On-campus interviews are conducted by Booth second-year student fellows, and off-campus interviews are conducted by second-year students or alumni.

After the interviews, the interviewers will submit reports to the Admissions Committee, and the Admissions Committee will review the applications again to make final decisions about candidates. Booth’s final admissions decisions will be released at 9:00 AM CST on December 18th.

Best of luck to everyone who is applying to Booth this round!

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Survey Finds GMAT Integrated Reasoning Section Scores Unimportant to Most B-School Admissions Officers

test takingA majority of admissions officers from more than 200 U.S. business schools surveyed this fall say that an applicant’s score on the GMAT’s Integrated Reasoning section is not currently an important part of their evaluation of a prospective applicant’s overall GMAT score, according to Kaplan Test Prep, which conducted the survey.

Kaplan found that 60 percent of admissions officers surveyed this year said that performance on the IR section was not important, an uptick from 57 percent of those surveyed last year. That said, Kaplan reports that 50 percent of business schools surveyed point to a low overall GMAT score as “the biggest application killer.” For its 2014 survey, Kaplan polled admissions officers from 204 business schools from across the United States, including 11 of the top 30 MBA programs as ranked by U.S. News & World Report. Continue reading…

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Yale School of Management to Host Online Career Panels for Prospective Applicants

yalesomThe Yale School of Management (SOM) admissions team will kick off a new series of online events later this month designed to showcase for prospective applicants the many MBA career paths the school’s students choose to follow. The live events will each focus on a different industry and will feature relationship managers from the Career Development Office joined by current SOM students. Continue reading…

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LinkedIn Launches New University Rankings Tool Charting Career Placement Success

linkedinLinkedIn has launched an innovative new rankings system that analyzes career and education data shared by its more than 300 million users to rank undergraduate institutions according to where their graduates land jobs. Violà! You can now use LinkedIn not only to network for jobs following graduation, but also to assess which schools will best position you for the jobs you want before you even reach the job search phase.

Using its vast troves of employment data, LinkedIn analyzes the patterns of individual career choices to define the most desirable jobs, the most desirable companies within professions and the most relevant graduates for those jobs. It then uses these data points to rank universities based on the percentage of relevant graduates who have obtained desirable jobs. Continue reading…

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New Loan Program Launches for International MBA Students at U.S. Schools

tuition hikesA new pilot loan program will provide expanded options for international MBA students at a number of top programs in the United States, according to a recent report in Poestandquants. The program, offered by Prodigy Finance, will extend to international students and U.S. residents with non-permanent status who are studying at 16 top schools, including Harvard Business School, the University of Pennsylvania’s Wharton School and MIT Sloan School of Management.

Especially in recent years, banks have been reluctant to lend to students who are studying internationally. Prodigy Finance seeks to fill this need using a “community finance” model. Basically, alumni from participating schools fund loans for current students, banking on the value of a degree from their alma mater and the likelihood that future alums will repay. Interest rates on the loans vary between 6 and 12 percent, depending on the school, the individual borrower’s profile and current rates. Continue reading…

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