Date:
Wed, July 09, 2008 04:10:37 AMFrom:
BusinessWeek MBA Express
Subject:
GMAT Scandal Has MBA Students Sweating
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July 08, 2008 |
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MBA Express |
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VIEWPOINT
The Value-Creation Challenge Business schools should create three kinds of value: academic, personal, and social. All are important
GETTING A JOB
Salary Offers Move Higher Overall starting salaries for 2008 graduates post a 7.1% increase, according to a quarterly report, in spite of the slowdown Bad Report Card for a Tutoring Business Test-prep titan Kaplan's SCORE! unit is struggling to stem declining enrollment
B-SCHOOL NEWS
Visit BW Online's interactive forums for wide-ranging discussions about management education. Search through over 1,359,000 posts for topics that interest you. Join in today! Here are a few samples of recent messages:
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 Getting into B-School: How Math-Intensive Are MBA Programs? From: Rodee To: ALL Do I have to be a "quant jock" or are the math topics on the GMAT enough? I took a basic stats class as an undergrad and I try to avoid the heavy maths. If I focus on HR or general management, how much math will I encounter?------------ From: discobolo To: Rodee I'm starting my MBA in 2 months, so I haven't taken any classes yet, but I saw some of the materials and exams for courses like microeconomics or statistics, as well as MBA Math preparation course, and honestly it's basic stuff (of course I'm not talking about some derivatives courses, or PhD courses that you could take). You shouldn't have any problems.------------ From: MBAApply To: Rodee If you can add, subtract, divide, multiply and do basic high school algebra, you'll be fine.------------ From: NolaSkier To: Rodee Most of the math is very basic...Thank god!------------ From: brontobuffy To: Rodee The GMAT has basic math like they said, add, divide, algebra...its more about being able to recognize and implement concepts. Once you start studying for the GMAT you'll see :)---------------------------------------------------------- Getting into B-School: Consulting Jobs w/o Travel From: Rodee To: All Is there such a thing as a "lifestyle" consulting firm, similar to law firms? I'm a career changer and although management consulting is something that interests me, the heavy travel does not. I am based in the NYC area and I'm looking at NYU FT or Duke/Darden EMBA. Are there consulting firms that stay local or travel infrequently?------------ From: Kona1234 To: Rodee Check out "internal" consulting - a lot of Fortune 500s have internal consulting groups and the travel is minimal to non-exisistent. I know Fidelity and IBM have big internal consulting groups. It is traditional management consulting work (i.e., business strategy, operations strategy, etc.) but your only "client" is your company so you'd be doing projects for various business units or functions within that company. I came from an internal consulting group for a Fortune 15 and many of my colleagues came from Bain/McKinsey/Mercer/etc. and switched to internal consulting because they liked the work but hated the travel. It's still not 9-5 work but the lifestyle and hours are sweet compared to those at a traditional management consulting firm.------------ From: VP_MBA_Guru To: Rodee Check out KSA (Kurt Salmon Associates). They focus on consumer/retail consulting.------------ From: bschool525 To: Rodee It can be possible to stay local at the top firms too. If you're based in NY and working mostly with financial or pharmaceutical companies, then you'll have a lot of work in Manhattan and NJ. But you'll also be passing up a lot of possible career growth if you don't want to travel.------------ From: dcmgr To: bschool525 I am not sure what your background is but if you are interested in Healthcare Consulting, check out ChapterHouse LLC. They are a boutique consulting firm based out of Chicago and the consultants do most of the work in the office.------------ From: Rodee To: dcmgr I'm looking into a 2nd career. I work for an airline as a mid-level manager; I'm pretty much capped at my present salary ($120's) I manage 36 people and I have 17 yrs WE experience.------------ From: mbahopeful32 To: Rodee Actually, the easiest way to stay local is to work for ANY consulting firm from their Washington D.C. office and do Federal government work. Just about everything will be in either northern VA or in D.C. itself. View over 4,500 blogs 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: University of Utah MBA: 2007-2008 Recap By Sean Mills Comments: 0 Stars: 0FOR THE FULL VERSION MBAs Answer: "Has having an MBA had a significant effect on you professionally?" ------------------------------------------- Yes, my Master's degree opened many doors that were not previously open which provided me with significant career advancement opportunities. I wouldn't be in my current job today, since one of the requirements for this position is to have a Master's Degree. -Thunderbird '93; Marketing Executive The MBA has definitley given me a leap in credibility. People respect your opinion and view you as an authority in your field. -Dartmouth (Tuck) '98; Entrepreneur The MBA definitely gives you more professional credibility. I work in a creative firm with mostly non-MBAs, so I have a whole different set of skills than most of my peers. Also, the MBA network has helped enormously in developing new client relationships. If a potential client doesn't know you from a hole-in-the-wall, at least you'll get some measure of respect simply by having your MBA. -Dartmouth (Tuck) '99; Consultant Absolutely, I feel it's made a difference. I think I have a lot more credibility - certainly in the job I'm in now as the Director of Admissions for an MBA Program - but even before I made this change to a non-traditional MBA career path. It's also made a difference in the way that I approach problems and issues in the workplace. I have a lot more confidence that the framework I use or the tools I use are the most effective and efficient ones. -Stanford '92; Admissions Director
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