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June 01, 2007
 

MBA Express


NEWS  THIS WEEK'S TOP STORY

A Booming Business in MBA Coaches

Consultants are doing everything from advising to writing essays for B-school applicants. Admissions officers beware



  MORE TOP STORIES
GMAT PREP
GMAT: Paying for Points
Test-prep services can be a big help as applicants prepare for the B-school admissions exam. Here, a rundown of some well-known players

B-SCHOOL NEWS
B-School Beach Reading
What are B-school professors and students planning to read during vacation or internships? Here's a sampling. Plus: B-Schoolers Catch Up on Reading

MBA INSIDER: CAREERS Q&A SAMPLE
Don't Always Keep Your Options Open
Michigan's career-services director offers some contrarian advice on career management while discussing the recruiting process

B-SCHOOLS Q&A
On the Trail of Economic Oddities
Cornell professor Robert Frank asks students to pose questions about real-world economic enigmas. Now, he has compiled the best answers in a book

B-SCHOOL NEWS
Want to Be an MBA Journal Writer?
It's time for BusinessWeek.com to start planning a new series of MBA Journals. Here's how you can become part of this select group of writers

 B-SCHOOL FORUMS
Visit BW Online's interactive forums for wide-ranging discussions about management education. Search through over 1,358,000 posts for topics that interest you. Join in today! Here are a few samples of recent messages:

Getting into B-School: Schools Without Letter Grades

From: JHL23000
To: ALL

Anyone know of which schools do not have letter grades, such as HBS' deal of top 10%, middle 80%, or bottom 10%?

I'm a very competitive person, so would rather have grades like this to actually learn the material, rather than studying very hard to get a better letter grade and increase my GPA.

Thanks
------------
From: cdubya
To: JHL23000

Michigan does not have letter grades...excellent, good, pass, low pass, fail. Although there are no letters or GPAs calculated for you, you may do it yourself (excellent = A, good = B, and so on) to see if you qualify for distinction or high distinction.

While I admire your competitive spirit to get good grades, it is not necessary in B-school (which may be why many schools have grade non-disclosure policies). I know many students at Michigan who were great in the classroom (all excellent), but did not perform the requisite networking (presumably because they were studying) to obtain a good internship. Many didn't get one until after classes ended and I know of at least 2 who still don't have one. Do as well as you can in the classroom without sacrificing the softer and very important aspects of B-school (i.e. networking, improving teamwork skills, etc.).
------------
From: DingProof
To: JHL23000

The earlier you embrace the idea that B-School is not about grades the better. Better to channel your competitive personality at other things like case competitions.
------------
From: JHL23000
To: DingProof

That's what I want to do, but I feel that if I don't get good grades, it would come back to bit me later on. I don't want to sacrifice the network and teambuilding for grades, but it will be hard for me given my competitive nature.

That's why I would prefer schools without grades. Do you know which school have non-grade disclosure policies? I thought most did away with this.
------------
From: DingProof
To: JHL23000

I didn't look at the grade policies much when I was applying. It's one of those selling points I picked up from visiting some schools. Apart from I-Banks and Consulting firms, most recruiters will not ask for your grade. As long as the schools do not have letter grades/GPA, I think you'll be fine even if they don't have a non-disclosure policy. There are many more important things to worry about once you are in school.
----------------------------------------------------------


Getting into B-School: Books for Self-Prep

From: alex94040
To: All

Hello everyone,

I'm sure this topic has been discussed before, but it's not coming up in search for some reason - so I figure I'll ask.

I'm starting to prep for GMAT; I decided to go with self-prep. I have engineering background, and am shooting for 700+. Which self-study books would you suggest?

Thanks,
Alex
------------
From: pedalmods
To: alex94040

I also went the self-study route and went through several books by different publishers.

I recommend the Manhattan GMAT series, especially for verbal. There are 7 books in their series (5 quant, 2 verbal) and they each run about $16 on amazon.com.

You will need to purchase the Official Guide to GMAT book (also available on amazon.com) for practice questions.

With studying and practice, I was able to pull off a 760. I was scoring in the mid 600's on practice exams before i started studying. hope this helps.
------------
From: tnkeith
To: pedalmods

I have heard good things about the Manhattan series, as well. Pedalmods, how much time did you devote to studying to get a 760?

Congratulations on that.
------------
From: pedalmods
To: tnkeith

I devoted approx 10-15 hours a week for about 2.5 months (this included studying and taking practice exams). I did not do any practice essays for the AWA. You can use a simple essay template for that get a good score.

At the end of the day, it's all about repetition and knowing how the exam is structured, what types of questions there are, what "tricks" to look out for, etc... which goes to show how I was able to improve so much by putting in the many hours of studying.

 B-SCHOOL BLOGS
Join over 3,500 bloggers in our MBA Blogs community today! Share your journey, meet new friends, and expand your network. Connect with MBA students, applicants and alumni from Columbia, Kellogg, Notre Dame, and more! Become a blogger today! Here's an excerpt:

Can We Learn Business "Soft Skills"?
By MBAPodcaster
Comments: 0 Stars: 0


Mountain climbing in Africa, or how about an improvisation lesson from a theatre troupe? These are just some of the ways business schools are teaching 'soft skills' to MBA students. The idea is to create unique and challenging experiences to teach skills such as team building, effective communication, listening, and thinking â?~on the flyâ?T. Programs like Wharton Leadership Ventures and Goizueta Leadership Academy offer outdoor adventures, workshops, and competitions to foster the skills that recruiters are looking for.

According to The Wall Street Journal/Harris Interactive survey, recruiters said that communication, interpersonal skills, leadership potential, and the ability to work well in teams were among the most important traits they look for when hiring candidates.

Meanwhile, more business schools are adding leadership development programs to their curriculum. But can you really teach someone emotional intelligence â?" to be empathetic, an active listener, and ultimately a leader?


The Long & Winding Road: Cheating
By Natalie Grant Logan
Comments: 0 Stars: 0


Tonight a friend asked me to let him know at the end of my MBA studies (next summer) what percentage of my class cheated. Confused, I asked him to explain. He described the rampant cheating that occurred in his class and how he was not so popular when he 'called' it. As someone who really values personal effort & rewards, I wasn't so delighted to hear about this. Being tragically in love with the Internet, I was disappointed to see this article on DealBreaker.com. Hm...

Yes, I score mega-Champion Idealist on the Myers-Briggs. Don't faint from non-surprise. That's part of why this course and no other and I'm hoping we're the exception to the rule on this little gem of news.
FOR THE FULL VERSION


 WORDS OF WISDOM
MBA Admissions Directors Offer Advice for students applying from outside of the country
-------------------------------------------

Get an early start in the MBA application process by becoming familiar with Anderson via our website - www.anderson.ucla.edu/ The process for applying is straightforward and does not change that much from year to year. Try to get the testing aspects out of the way as soon as possible. Prepare and register for the GMAT and TOEFL giving yourself time for a retake if necessary. It's important not to do monthly retakes of the GMAT. Rather do a substantial preparation, and take the test with confidence. If the score or subscores are not competitive, then prep some more or possibly engage in coursework and then retake the GMAT. When possibly visit Anderson, however we realize not everyone can visit so check our calendar of events to see when we might be visiting your country. We offer a limited number of interviews conducted by our alumni and admissions staff throughout the world. While these are evaluative interviews, during the course of the interview there is ample opportunity to ask questions about The Anderson School. --Linda Baldwin, UCLA

All candidates should try to apply as early as possible. Applications are reviewed on a rolling basis. That means when all the places are filled, the admission procedure will stop. By applying early, candidates also can show their strong interest in the school(s). This is especially the case for international applicants. If admitted, the process to obtain the necessary visa, finding an appropriate accommodation, and other matters in relation to relocation does take some time to arrange properly. --Connie Tai, RSM

Most of our applicants are from outside France, and we do not differentiate between French and non-French residents. The main difference is in the logistics: Preparation with applicants from outside France is longer, more time is needed for mailing official documents, in certain countries the GMAT exam is not given frequently, and a study visa might be necessary. This process is long, so the best piece of advice is to apply early. When referencing coming to a B-school in another country, focus on the nature of the MBA. In our case, we are based in France, but we are not focused on the local market. Therefore, we advise not to emphasize the local country where the school is based, because if it's an international school, as is the case with Theseus, the focus is on global conditions for business management coupled with an international student body and faculty. --Admissions team, Theseus International Management Institute

Understand the admissions criteria for the schools you are selecting. Refine your search and be sure the schools you select have programs that suit your individual interests. Research the resources available for international students at each school. For example, since USC is a large public university, we have rich and vast resources for [international students]. Try to get into contact with current students and/or alumni from your country who have attended the program which you are interested in. --Reena Lichtenfeld, University of South Carolina


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  B-School Insider
Dear Reader:

Our two top stories this week look into two different aspects of B-schools admissions help.

Jane Porter's "A Booming Business in MBA Coaches," looks at the ever expanding business of private B-school admissions consultants and the question of where coaching ends and imposture begins. Meanwhile, in "GMAT: Paying for Points," Francesca DiMeglio takes a look at some of the top private companies offering GMAT test preparation courses.

The bottom line of both of these is that this help is costly. As Porter notes, private admissions consultants can easily cost $6,000 or more. And in-person test prep courses typically have price tags hovering around $1,000.

The good news is that there's plenty of free advice out there. For instance, this month, BusinessWeek.com - in conjunction with our corporate siblings at McGraw-Hill Professional - have relaunched our GMAT Test Prep section with all new material and a brand new sample test. Pay a visit. It's free.

Until next week,
Phil Mintz
B-Schools Channel Editor


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  Tools & Features

MBA Insider
Check out this feature-rich area for advice and tools that will help you choose the right B-school -- and develop a strategy for getting accepted

The Best Undergraduate B-Schools
Undergrad business programs are getting MBA-like respect, and competition to get into them is hotter than ever. Here's how the top schools stack up in our first-ever exclusive rankings

B-School Calendar
BusinessWeek Online's new tool will give you an idea of upcoming events at B-schools in the U.S. and around the world. You'll find information on admissions receptions, application deadlines, networking events, alumni events, conferences, and much more.

2005 EMBA Rankings & Profiles
BusinessWeek's biennial Executive MBA rankings grade 25 programs worldwide. Plus, you'll find profiles of nearly 200 programs

2005 Exec Ed Rankings & Profiles
Here are BusinessWeek's top 20 Executive Education programs. Plus, profiles of more than 100 programs worldwide

Full-Time MBA Rankings & Profiles
BusinessWeek's Top 30 U.S. programs and Top 10 international programs. Plus, scan in-depth profiles of more than 300 full-time programs around the world


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  FEATURED SPECIAL REPORT >>

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Fit to Be a Leader

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How To Wow 'Em Like Steve Jobs

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You: The Brand

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Great sellers are a breed apart. You'll need to study, and manage, their peculiarities to keep sales strong and your workplace healthy


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