These news items are the latest happenings.
Ending the Traditional MBA | Inside Higher Ed
10/23/2014 7:00:00 AM
Inside Higher Ed | October 23, 2014
Wake Forest University is cancelling its full-time MBA program, which has seen enrollment drop from 123 to 98 in the past five years. In the same period, its year-round evening and weekend MBA program for working professionals has grown from 242 to 304.
Business schools work to bridge the gap between academia and industry | Financial Post
10/15/2014 7:30:00 AM
Financial Post | October 15, 2014
Canadian business professors are injecting more applied business education into the classroom to make courses more relevant and meet the changing requirements of international accrediting bodies.
Women in business – Chandra Crawford, EMBA student | FT.com
10/12/2014 7:00:00 AM
FT.com | October 12, 2014
A profile of a 2006 Canadian Olympic gold medalist and current MBA candidate references GMAT-prep videos in which she says, "I prepared exactly like I would for my Olympic ski race. It really worked."
MBA Rankings Lose Lustre As Business Education Becomes Global | Business Because
10/7/2014 7:30:00 AM
Business Because | October 7, 2014
As business schools compete to lure the best students and the education market becomes more global, being able to distinguish the best MBA programs for the rest is becoming more difficult.
Peter Thiel on Creativity: Asperger’s Promotes It, Business School Crushes It | Bloomberg Businessweek
10/7/2014 7:30:00 AM
Bloomberg Businessweek | October 7, 2014
MBA programs produce thinkers who tend to buy into innovations only once they’ve peaked, Pay-Pal founder and venture capitalist Peter Thiel said while on a book tour that has stopped at several business schools.
Beware Higher Ed Doomsayers | Chronicle of a Higher Education
10/6/2014 7:30:00 AM
Chronicle of Higher Education | October 6, 2014
For more than a century, there have been predictions about the impending demise of higher education. They have all proved wrong.
Two-year MBAs still the gold standard | Toronto Globe and Mail
10/3/2014 7:00:00 AM
Toronto Globe and Mail | October 3, 2014
International students continue to account for more than half of applicants to two-year MBA and master of finance programs worldwide, notes coverage of the recently released GMAC 2014 Application Trends Survey. GMAC’s Michelle Sparkman Renz is quoted. Additional coverage out of the UK is to be found in Business Because.
The MBA of the Future Needs a Different Toolbox | Forbes.com
10/1/2014 7:30:00 AM
Forbes.com | October 1, 2014
Dean Richard Lyons of the Haas School of Business at the University of California-Berkeley recently opined that in the next five to 10 years, 50 percent of business schools could be put out of business by the online delivery of business programs. This article explores another impact that technology could have on graduate business programs, requiring substantial change to the traditional MBA curriculum.
M.B.A. Applications Still on a Hot Streak | WSJ.com At Work blog
10/1/2014 6:00:00 AM
WSJ.com At Work blog | October 1, 2014
Driven by an improved global economic climate and more MBA hiring, applicant pools grew at 61 percent of the full-time, two-year MBA programs that participated in the 2014 GMAC Application Trends Survey. That’s an increase from 50 percent in 2013 and 43 percent in 2012. GMAC’s Michelle Sparkman Renz is quoted. Poets & Quants notes that the proportion of female applicants dropped to 37 percent.
Two-year MBA Programmes See Applications Rise for Second Year | FT.com
9/29/2014 7:00:00 AM
FT.com | September 29, 2014
Nearly two-thirds of full-time, two-year MBA programs reported increasing or stable application volumes, according to GMAC’s just-released Application Trends Survey. One-year MBA and master’s in finance programs reported declines. GMAC President Sangeet Chowfla is quoted.
Forget the MBA | BBC Capital
9/26/2014 7:00:00 AM
BBC Capital | September 26, 2014
Ron Alsop reports that “…a growing number of people are hoping MOOCs will be a ticket to a new job or promotion—without the cost and time required to secure a traditional university degree.”
How U.S. Colleges Are Screwing Up Their Books, in Three Charts | Bloombergbusinessweek.com
9/24/2014 7:00:00 AM
Bloomberg businessweek.com | September 24, 2014
An updated analysis of colleges’ balance sheets indicates that more U.S. schools are financially “at risk,” according to Jeff Denneen of Bain & Co. and Tom Dretler of Sterling Capital Partners.
A Handful of Elite Business Schools Are Also Academic Powerhouses | Bloomberg Businessweek.com
9/23/2014 6:30:00 AM
Bloomberg Businessweek.com | September 23, 2014
Chicago Booth, Texas A&M’s Mays, and Duke’s Fuqua are among the business schools with three or more research “rock stars” who have written papers in the top 1 percent of citations in their fields, according to a Thomson Reuters report.
How MBA Students Fund Their Business School Qualification | South China Morning Post
9/22/2014 7:30:00 AM
South China Morning Post | September 22, 2014
Using data released by GMAC earlier this month, the SCMP writes, “…comparatively little attention has been focused on how students actually fund their studies and what steps are necessary to make ends meet while still taking the course. To shed light on the issue, GMAC has conducted a survey on what goes into the ‘financing mix’ when it comes to paying for business school, and the results are likely to raise a few eyebrows.”
NFL Players Union Helps Former Players Get a Leg Up | AssociationsNow
9/15/2014 7:30:00 AM
Associations Now | September 15th, 2014
Working with Indiana University, the NFL Players Association is offering its members access to an MBA program. The goal: to ensure that players have just as much success off the field as they do on it.
Three Simple Ways to Reinvent Business Education | BloombergBusinessweek
9/15/2014 7:00:00 AM
BloombergBusinessweek | September 15th, 2014
It used to be that an MBA from a prestigious business school guaranteed success for both the MBA holder and the organization that hired him. That’s no longer true. The business climate has changed, and that makes continuous reinvention necessary for organizations, careers, and yes, even business schools.
Top US university in Africa graduates first students | University World News
9/15/2014 5:30:00 AM
University World News | September 15th, 2014
Internationally respected Carnegie Mellon University became the first highly ranked American institution to operate a fully-fledged campus in Africa when it set up in tiny, post-conflict Rwanda in September 2011. The first batch of students graduated last month.
Future of the executive education: Unbundled MBA | CNBC/USA Today, USA
9/14/2014 7:00:00 AM
CNBC/USA Today, USA | September 14, 2014
In a quarter of a century, most business students will never enter a classroom.
Masters in Management Options Are Growing Fast | Financial Times, UK
9/14/2014 7:00:00 AM
Financial Times, UK | September 14, 2014
The fear that master’s in management programs will cannibalize MBA programs is unfounded, according to a report accompanying the Financial Times’ recently released 2014 MIM rankings. London Business School, together with IE in Spain and Northwestern’s Kellogg School and Duke in the US, have set up the International Masters in Management Association to help promote the degree.
First-Round Deadlines Are Three Weeks Away. Find Out if You're Ready | BloombergBusinessweek
9/8/2014 7:30:00 AM
BloombergBusinessweek | September 8, 2014
GMAC’s Eric Chambers provides insight and tips based on his day as admissions officer at Wharton to help applicants get ready and remember to say thank you.
Are Colleges Producing Career-Ready Graduates? | The Wall Street Journal
9/3/2014 6:00:00 AM
The Wall Street Journal | September 3rd, 2014
It's time to stop debating the value of a college education, say a pair of professors from New York University and the University of Virginia. Instead, they say in a new book, parents and employers should ask whether schools are doing much to help students become productive adults.
More Parents Foot the Bill for Business School | Wall Street Journal
9/3/2014 5:00:00 AM
wsj.com | September 3, 2014
Prospective business students are trying to steer clear of student loans. Instead, they're sidling up to more familiar investors: their parents.
Is It Time To Take Your Career To Asia? | Forbes.com
7/31/2014 7:00:00 AM
Forbes.com | July 29, 2014
Asia is a growing market for MBA talent, writes columnist Matt Symods. GMAC's Corporate Recruiters Survey is cited and GMAC board member Sean Ferguson of HKUST Business School is featured in an accompanying video.
Africa is final frontier for graduate management education | BusinessDayOnline.com, Nigeria
7/29/2014 7:00:00 AM
BusinessDayOnline.com, Nigeria | July 29, 2014
In a Q&A, GMAC’s Ron Sibert discusses GMAC’s efforts to grow the pipeline of qualified graduate business school candidates in Africa.
GMAT rules | The Hindu, India
7/27/2014 5:00:00 PM
The Hindu, India | July 27, 2014
In a Q&A, GMAC’s Gaurav Srivastava discusses the demand for quality management education and the GMAT exam in India.
MBA student fees fund management research | Times Higher Education, UK
7/24/2014 7:30:00 AM
Times Higher Education, UK | July 24, 2014
GMAC’s Sangeet Chowfla discusses the implications of a funding model in which business students subsidize research.
Germany warms to the MBA | Financial Times, metered paywall
7/21/2014 7:00:00 AM
Financial Times, metered paywall | July 21, 2014
German business schools are gaining stature as the number of GMAT test takers sending scores to Germany has tripled in five years. GMAC’s Ben Glover is quoted.
Timeline: When to Apply for Business School | USNews.com
7/21/2014 7:00:00 AM
USNews.com | July 22, 2014
An interactive timeline lays out the multiple application rounds at many business schools; the Take the GMAT section includes a video featuring GMAC’s Joanna Graham.
Finance Led Early MBA Job Offers This Year | Poets and Quants
7/20/2014 7:00:00 AM
Poets and Quants | July 20, 2014
More than a quarter of the class of 2014 business school graduates with early job offers are headed into finance or accounting sectors, with consulting the most popular sector for career switchers, according to The B-School Job Market in 6 Graphs, a PowerPoint analysis of the Global Management Education Graduate Survey.
Startups, Tech Companies Shop for More MBA Hires | Bloomberg Businessweek.com
7/18/2014 7:00:00 AM
Bloomberg Businessweek.com | July 18, 2014
On-campus recruiting is up at business schools, with new companies leading the way, says a survey by the MBA Career Services & Employer Alliance. Overall findings, and those regarding the technology industry, echo GMAC's Corporate Recruiters Survey earlier this year.
Integrating Self-Development Skills into Your Graduate Management Program | Graduate Management News
7/15/2014 6:00:00 AM
Graduate Management News | July 15, 2014
The S P Jain Institute of Management and Research has integrated Reflect by GMAc to help students improve the “being” skills that employers look for, says Atish Chattopadhyay who presented a session at GMAC’s Annual Conference. Also in the July Graduate Management News: Using content marketing to attract MBA students, the corporate perspective on diversity recruitment, a GMAC Annual Conference wrap-up, and the online update to the Official Guide for GMAT® Review 2015.
'Official Guide for GMAT Review' Series Gets Online Update | GMAC News Center
7/14/2014 7:30:00 AM
GMAC News Center | July 14, 2014
The best-selling Official Guide for GMAT® Review 2015 series is adding online content, videos and a study tool that allows test takers to build customized practice sets. An Official GMAT blog post on mba.com gives tips on building customized practice sets.
Students opt for internships with impact | FT.com, metered paywall
7/13/2014 7:00:00 AM
FT.com, metered paywall | July 13, 2014
More business students are pursuing internships, often unpaid, in social entrepreneurship or impact investing.
B-Schools Finally Acknowledge: Companies Want MBAs Who Can Code | Bloomberg Businessweek.com
7/11/2014 7:00:00 AM
Bloomberg Businessweek.com | July 11, 2014
Business schools are responding to tech companies' demand for code-literate managers with electives to teach MBA students to code. GMAC’s Corporate Recruiters and Global Management Education Graduate Survey are cited.
The astounding boom in undergrad business education | Poets and Quants for Undergrads
7/9/2014 7:00:00 AM
Poets and Quants for Undergrads | July 9, 2014
Getting into a top undergraduate business program is getting tougher as applications to AACSB-accredited US programs were up 14 percent from 2008-09 to 2012-13.
How a Class That Graduated in the Early Days of the Recession Has Fared Since | Chronicle of Higher Education
7/8/2014 7:00:00 AM
Chronicle of Higher Education | July 8, 2014
A US government report titled "Baccalaureate and Beyond: A First Look at the Employment Experiences and Lives of College Graduates, 4 Years On" finds that four years after graduating, 6.7 percent of class of 2008 college graduates were unemployed and 7.9 percent were out of the workforce
Consider a Career in Manufacturing as an MBA | USNews.com
7/3/2014 7:00:00 AM
USNews.com | July 3, 2014
Class of 2014 business school graduates surveyed in GMAC’s Graduate Management Education Graduate Survey had high early success rates on the job market, a sign that manufacturing is coming back in the US and offering opportunities for MBAs.
Want to Get Into Business School? Write Less, Talk More | Wall Street Journal
7/3/2014 7:00:00 AM
Wall Street Journal | July 3, 2014
Numerous top MBA programs are trimming their application essay requirements, which pumps up their application volumes and allows them to focus more on interactions with applicants.
No prep, no clue. How I took the GMAT cold | Globe and Mail, Canada
6/26/2014 7:00:00 AM
Globe and Mail, Canada | June 24, 2014
Journalist Adam Stanley writes a first-person account of taking the GMAT exam without preparing. GMAC’s Tracey Briggs is quoted, as is former GMAC staffer Trevor Reaske.
Score Preview Added to Graduate Management Admission Test | GMAC News Center
6/25/2014 7:00:00 PM
GMAC News Center, gmac.com | June 25, 2014
Starting Friday, GMAT test takers will be able to see their unofficial scores at the test center before deciding whether to accept or cancel them. The change is part of GMAC's efforts to make the test easier to take and to give test takers more control over the score reporting process.
MBA Students Can Help Spice Up Your Startup's Special Sauce | Entrepreneur.com
6/24/2014 6:00:00 AM
Entrepreneur.com | June 24, 2014
Karen Mishra, assistant marketing professor at Meredith Collge, explains how entrepreneurs can use consulting teams of MBA students to benefit their start-ups and give the students valuable consulting experience. Also, on LinkedIn: George Iliev of AMBA lists four dangers of doing an MBA before age 25.
Leverage Job Prospects With a Masters in Accounting | USNews.com
6/19/2014 7:00:00 AM
USNews.com | June 19, 2014
Some 45 percent of employers globally plan to hire new master of accounting graduates this year, up from 36 percent last year, according to GMAC’s Corporate Recruiters Survey.
Companies not traditionally on an MBA grad's map are looking to hire | Crain's Detroit Business
6/1/2014 7:00:00 AM
Crain's Detroit Business | June 1, 2014
GMAC's recent Corporate Recruiters Survey shows spikes in demand for MBA holders among energy/utility and pharmaceutical/health care companies, industries that have not been large magnets for MBAs previously. GMAC's Gregg Schoenfeld is quoted.
GMACs goal is to connect Indian students with local B-schools | LiveMint, India
5/29/2014 9:30:00 AM
LiveMint, India | May 29, 2014
GMAC CEO and President Sangeet Chowfla talks about the diversification of the management education market and of GMAC's efforts at diversifying. Chowfla also talks about the Corporate Recruiters Survey and job market for business school graduates in a video interview with Della Bradshaw on FT.com.
Departing Deans on Fundraising, Ethical MBAs, and Cartooning | Bloomberg Businessweek.com
5/29/2014 7:30:00 AM
Bloomberg Businessweek.com | May 29, 2014
Paul Danos, dean of the Tuck School of Business at Dartmouth; Mark Zupan, dean of the University of Rochester’s Simon Graduate School of Business; and Bob Bruner, dean of Darden School of Business at the University of Virginia, offer advice for their successors and discuss a range of topics.
Good timing for business grads: Fortune 100 companies plan to hire more this year | Globe and Mail, Canada
5/29/2014 7:30:00 AM
Globe and Mail, Canada | May 29, 2014
Findings from GMAC’s Corporate Recruiters Survey are consistent with trends in Canada, as four out of five companies surveyed plan to hire MBAs this year, up from 50 percent in 2009.
Graduate Management Admission Council Appoints Robert J. Alig Executive Vice President | GMAC News Center, gmac.com
5/28/2014 8:00:00 AM
GMAC News Center, gmac.com | May 28, 2014
GMAC has named Robert J. Alig executive vice president of the new School Products division, effective July 1. Alig is vice president of the College Board middle states regional office and former director of MBA admissions and financial aid at the Wharton School.
New strategies to recruit women pay dividends | Globe and Mail, Canada
5/23/2014 7:00:00 AM
Globe and Mail, Canada | May 23, 2014
Canadian business schools are using different strategies to enroll more women in MBA programs. The rise in the proportion of female GMAT test takers is cited. A commentary by Jennifer Berdahl of the UBC Sauder School of Business says the key to getting more diverse corporate boards in Canada is through valuing heterogeneous social networks.
Hire and hire | Economist.com
5/22/2014 7:00:00 AM
Economist.com | May 22, 2014
GMAC’s Corporate Recruiters Survey shows that demand is up for MBAs but also notes that just as many recruiters expect to hire experienced direct-industry candidates. There’s more coverage in Business Because, and the survey and other GMAC data are cited in a new Noodle.org infographic on the state of the MBA in Poets and Quants.
More Recruiters Plan to Hire MBAs | Graduate Management News
5/22/2014 6:30:00 AM
Graduate Management News | May 20, 2014
GMAC’s Corporate Recruiters Survey offers good news for class of 2014 business school graduates. Also in this month’s Graduate Management News: Using CRMs, a book review of Susan Cain’s Quiet by Stacey Dorang Peeler, the IR Prep Tool, and a GMAC Annual Conference preview.
Master's degrees are as common now as bachelor's degrees were in the '60s | Vox.com
5/20/2014 7:00:00 AM
Vox.com | May 20, 2014
An analysis of US Department of Education data finds that from 2002 to 2012, business overtook education as the most popular master’s degree conferred in the US. There's commentary on the rise of the MBA on Slate.com and Boston.com.
In B-School, Is That a Syllabus, or an Itinerary? | NYTimes.com
5/18/2014 7:00:00 AM
NYTimes.com, metered paywall | May 18, 2014
The cost of MBA student-organized trips — for work or play— is separating the haves from the have-nots.
M.B.A. Job Market on the Upswing, Even in Europe | At Work blog, wsj.com
5/18/2014 7:00:00 AM
At Work blog, wsj.com | May 18, 2014
Some 80 percent of employers in GMAC’s Corporate Recruiters Survey plan to hire MBAs, up from 73 percent that hired MBAs last year. More coverage of the survey, out today: USAToday.com, focusing on US figures; FT.com, CNBC and LiveMint India, emphasizing global numbers; Bloomberg Businessweek.com, stressing the importance of internships; and Poets and Quants, with an overall story, plus separate articles on graduates requiring visas and the skills employers want.
GMAT or GRE? It shouldn’t be a question for aspiring MBAs | eFinancialCareers.com
5/14/2014 7:00:00 AM
eFinancialCareers.com | May 14, 2014
Although many business schools accept the GMAT or the GRE, MBA applicants should take the GMAT, admissions consultants recommend. Also: There’s a Q&A about the GMAT with GMAC’s Tracey Briggs at gotMBA.co.
Yes the World Needs More MBAs. Heres Why | Bloomberg Businessweek.com
5/13/2014 7:00:00 AM
Bloomberg Businessweek.com | May 13, 2014
The world needs leaders who deeply understand markets; their connection to the public sector; and the philosophical, cultural, and social implications of business’s growing global influence, writes Northwestern Kellogg Dean Sally Blount.
India's MBA candidates in decline | BBC
5/12/2014 7:00:00 AM
BBC | May 12, 2014
Video: Even if India’s economic slowdown turns around, it is unlikely that demand for MBAs will return to the rate of recent boom years.
NFL players warn rookies: Stop spending! | CNN Money
5/10/2014 7:00:00 AM
CNN Money | May 10, 2014
Following last week’s National Football League draft, former players warn rookies that ignorance and money are a bad combination. NFL short courses at business schools are cited as a good place for players to network.
What Future MBAs Want and Where Theyre Headed | Poets and Quants
5/7/2014 6:30:00 AM
Poets and Quants | May 7, 2014
New GMAC research on prospective business students from major US metro areas and parts of Asia reveal similarities and differences in current and intended industries, graduate program types they are considering, their motivations for considering business school, and how they expect to pay for their graduate education. Infographics illustrating those data for each metro area are on GMAC’s News Center.
从全球视野看MBA教育 | China Education Daily
4/30/2014 7:00:00 AM
China Education Daily| April 30, 2014
GMAC's Fanmin Guo and Robert Yu are interviewed on the global trends in MBA education in the official newspaper of the Ministry of Education in China. (Google English translation)
What the Scarcity of Women in Business Case Studies Really Looks Like | Harvard Business Review Blog Network, metered paywall
4/28/2014 7:00:00 AM
Harvard Business Review Blog Network, metered paywall | April 28, 2014
A study of award-winning and best-selling business school case studies reveals that women are absent in 45 percent and featured as protagonists in just 13 percent. Writing in the Washington Post, Bob Bruner, dean of University of Virginia Darden School, addressed the issue of women in case studies at a recent White House event.
Nigeria: Most People Are Intimidated By GMAT - Kolubah | AllAfrica.com
4/27/2014 7:00:00 AM
AllAfrica.com | April 27, 2014
Unique Enterprise President and CEO Daniel Kolubah says the GMAT exam may be intimidating to Nigerians and other Africans because it tests reasoning skills and not memorizable facts, but Africans can do well with proper preparation.
Most Popular Cities, Sectors For MBAs | Poets and Quants
4/25/2014 7:00:00 AM
Poets and Quants | April 25, 2014
US metro data from GMAC's mba.com Prospective Students Survey reveal the current and intended career preferences for aspiring MBAs in 23 US cities (GMAC infographics on the GMAC News Center).
GMAT考情报告：考生女性化和年轻化成趋势 | Sina.com, China
4/23/2014 7:00:00 AM
Sina.com, China | April 23, 2014
More younger people and women in China are taking the GMAT exam to pursue specialized master's degrees in business, and their skills are most in demand in the pharmaceutical, energy, and technology fields, GMAC's Robert Yu and Fanmin Guo reported at a recent GMAT Test Prep Summit (Google English translation).
Canada among top options for overseas students | Globe and Mail, Canada
4/21/2014 7:00:00 AM
Globe and Mail, Canada | April 17, 2014
Canada is a world destination for management education, according to new research from GMAC. GMAC's Michelle Sparkman Renz is quoted and the mba.com Prospective Students Survey and mobility and mindset Data-to-Go are cited.
GMACs New Integrated Reasoning Prep Tool | Poets and Quants
4/21/2014 7:00:00 AM
Poets and Quants | April 21, 2014
With the introduction this week of the Official GMAT Integrated Reasoning Prep Tool, students will now have access to a powerful web-based resource in their preparation for an important section of the GMAT exam. Check out GMAC's press release for more details.
Asia's universities rise up the ranks | BBC
4/17/2014 8:00:00 AM
BBC | April 15, 2014
Business students in Asia have more quality options close to home, says GMAC CEO Sangeet Chowfla, interviewed in Singapore.
GMAC CEO Sangeet Chowfla on How the GMAT Plans to Expand in India | PaGaLGuY, India
4/17/2014 7:30:00 AM
PaGaLGuY, India | April 16, 2014
GMAC’s Sangeet Chowfla discusses management education, the GMAT, and GMAC in India.
Business School Deans Meet to Discuss Best Practices for a 21st Century Workplace | WhiteHouse.gov blog
4/16/2014 7:00:00 AM
WhiteHouse.gov blog | April 17, 2014
Deans from 10 leading US business schools attended a White House meeting to discuss best practices for developing workplaces that work for all Americans, especially women. US News discusses How Women Can Use Business School to Hone Leadership Skills.
GMAT Score Sending Reveals Trends in Student Mobility | Graduate Management News
4/16/2014 7:00:00 AM
Graduate Management News | April 15, 2014
GMAC’s Geographic Trend Reports and Data-to-Go help school professionals understand and monitor shifts that can shape recruiting strategies.
Business masters grow in popularity | FT.com, metered
4/15/2014 7:00:00 AM
FT.com, metered paywall | April 14, 2014
The MBA remains the degree of choice for potential business students, but specialized master’s degrees in business are becoming more popular, according to GMAC’s 2014 mba.com Prospective Students Survey. More coverage of the survey and Data-to-Go brief include: Business Standard, IndiaEduNews, India Today, GBSNOnline, and Business Because, which has a separate article on US demand; Bloomberg Businessweek and the Wall Street Journal At Work blog, which both focus on financing; and Poets and Quants, which features desired school culture. GMAC has also released US metro comparisons and updated infographics for China, Taiwan, South Korea, and the US; plus US metro areas Atlanta, Boston, Chicago, LA, Miami, New York City, San Francisco, San Jose, Seattle, and DC.
An MBA Holds its Perceived Value, Even in Lean Times | Harvard Business Review Blog
3/25/2014 7:00:00 AM
Harvard Business Review Blog | March 25, 2014
An analysis of data from GMAC's 2014 Alumni Perspectives Survey finds that the value of a graduate management degree is just as strong for those graduating in a recession as for those graduating into better job markets, writes GMAC’s Gregg Schoenfeld.
Asian Institute of Management Named Latest Member of Graduate Management Admission Council | GMAC News Center
3/20/2014 6:00:00 AM
GMAC News Center | March 20, 2014
Asian Institute of Management (AIM) is the first GMAC member school in the Philippines. AIM was founded in 1968 in partnership with Harvard Business School.
M.B.A.s flock to tech scene | Crain's New York Business
3/18/2014 7:00:00 AM
Crain's New York Business | March 18, 2014
Kelly Goldston didn't make a beeline for an investment bank or consulting firm like many M.B.A.s when she graduate last May from New York University's Stern School of Business. Instead, she took a job as a senior manager of acquisition marketing for the e-commerce site Diapers.com, owned by Quidsi, an Amazon company that made her an offer before she graduated.
Online MBA's Won't Kill Business Schools | Bloombergview.com
3/18/2014 7:00:00 AM
Bloombergview.com | March 18, 2014
Increased online availability of MBA programs will threaten neither top schools nor lower-ranked schools, because of the economics of exclusivity, writes Megan McArdle, a Washington journalist and a 1999 University of Chicago Booth MBA.
Post-graduate business management courses offer “outstanding” value for money: Study finds | Smart Company
3/18/2014 7:00:00 AM
Smart Company | March 18, 2014
Business school management course graduates have ranked their post-graduate degrees as outstanding value in both financial and personal terms.
A global survey by the United States Graduate Management Admission Council, responsible for the GMAT tests, has found 94% of respondents said their management course was good to outstanding value compared to its monetary cost.
A Degree Where Techie Meets Business Smarts | NYTimes.com, metered paywall
3/17/2014 7:00:00 AM
NYTimes.com, metered paywall | March 17, 2014
Enrollment in professional science master’s degree programs is up 23 percent since 2010, as science graduates discover their expertise in data analysis is highly valued outside the lab, in a wide range of businesses.
The MBA Degree: Is It Really Worth It? | Poets & Quants
3/17/2014 7:00:00 AM
Poets & Quants | March 17, 2014
Year after year, it’s the question asked by hundreds of thousands of people around the world: Is the MBA degree worth it?
Does it really make sense to quit a job you already have, interrupt your life for two years and assume a debt burden that can often exceed six figures for the MBA?
Look to a Business Master's to Build Specialized Skills | USNews.com
3/11/2014 7:00:00 AM
USNews.com | March 11, 2014
Long popular in Canada and Europe, non-MBA master’s programs in business are gaining popularity in the US. GMAC’s Corporate Recruiters Survey is cited.
The One Thing Business Schools Need to Start Teaching | Time
3/10/2014 7:00:00 AM
Time | March 10, 2014
Few b-schools adequately teach the finer points of networking, with the exception of schools such as the University of Michigan's Ross School, writes consultant Gary Belsky.
The glass-ceiling index | Economist.com
3/8/2014 7:30:00 AM
Economist.com | March 8, 2014
For International Women's Day on Saturday, the Economist has created a "Glass Ceiling Index" to show the best and worst countries to be a working woman. Among the indicators, which readers can weight themselves, is the percentage of GMAT candidates in the country who are women.
M.B.A.s Sour on Strings-Attached Tuition | Wall Street Journal
3/5/2014 7:00:00 AM
Wall Street Journal | March 5, 2014
A growing number of employer-sponsored MBA students are paying back the tuition to buy their way out of their agreements rather than staying with the companies after graduation.
MBA: Funding brings new talent into focus | Telegraph, UK
3/3/2014 7:00:00 AM
Telegraph, UK | March 3, 2014
Business schools hope scholarships will help draw more women into MBA programs. GMAC research from 2006 is cited. Meanwhile, EDHEC professor Valérie Petit writes an FT.com column saying that business schools are partly to blame for perpetuating the stereotype that business leaders are male.
Students and teachers drawn to the bright lights of film | FT.com, metered paywall
3/3/2014 7:00:00 AM
FT.com, metered paywall | March 3, 2014
Technology is changing the film business so quickly that the industry is increasingly looking to MBAs to figure it out.
Myriad MBAs | Inside Higher Ed
2/28/2014 7:00:00 AM
Inside Higher Ed | February 28, 2014
More business schools are offering hybrid MBAs, combining online course content with some face-to-face interaction. GMAC’s Application Trends Survey is cited. Meanwhile, Michael Desiderio, executive director of the EMBA Council, discusses the trend toward hybrid programs in Poets and Quants for Execs.
Why the University Is the Ideal Startup Platform | Wired
2/25/2014 7:30:00 AM
Wired | February 25, 2014
Universities are the ideal start-up platform because they provide so many opportunities for individuals from different disciplines to interact with each other on such a regular basis, writes Cam Houser, CEO of 3 Day Startup, which runs hands-on entrepreneurship programs for students at MIT, Harvard, and 50 other schools on five continents.
Testing time for CAT as students, B-schools line up for GMAT | Hindustan Times
2/23/2014 7:30:00 AM
Hindustan Times | February 23, 2014
GMAC's Ashish Bhardwaj and Lawrence Rudner are interviewed about the growth of the GMAT exam in India. And in the Malaysia Star, Bhardwaj offers an overview of the value of the GMAT exam globally.
Virtual world of avatars replaced by a fresh reality on campus | FT.com. meteered paywall
2/23/2014 6:30:00 AM
FT.com. meteered paywall | February 24, 2014
Second Life has lost steam as a business education campus, but successors with potential include VirBELA, managed by the University of California San Diego Rady School (and funded by the GMAC MET Fund through the Ideas to Innovation Challenge).
I Took the GMAT With No Preparation. Here's What Happened | Bloomberg Businessweek.com
2/19/2014 4:00:00 AM
Bloomberg Businessweek.com | February 19, 2014
Businessweek reporter Amy Choi writes a first-person account of taking the GMAT exam cold. There’s a video and more discussion of her guessing strategy in the Official GMAT Blog on mba.com.
The Alsop Perspective: Marketing to LGBT Candidates | Graduate Management News
2/17/2014 6:30:00 AM
Graduate Management News, gmac.com | February 18, 2014
Not many business schools reach out to LGBT students, but the number is growing, writes Ron Alsop, who also has a sidebar on whether schools should give students the option of disclosing their sexual orientation on their application. Also in the February issue: a Q&A with GMAC’s Kendra Johnson and a look at strategic shifts in management education by GMAC’s Amy Orlov.
Skipping College Is Getting More Expensive | Wall Street Journal At Work blog
2/12/2014 7:00:00 AM
Wall Street Journal At Work blog | February 12, 2014
College is costly. But not going is even more costly, according to a new report from Pew Research Center.
Following the money | Which MBA, economist.com
2/11/2014 5:00:00 AM
Which MBA, economist.com | February 11, 2014
As more business schools offer MBA specializations in luxury goods and other industries, the schools could take a lesson from the luxury goods market itself. GMAC’s mba.com Prospective Students Survey, showing fewer students considering both MBA and non-MBA master’s programs, is cited.
Time to rejuvenate the tarnished reputation of research | FT.com, metered paywall
2/9/2014 7:00:00 AM
FT.com, metered paywall | February 10, 2014
To make their research more relevant, business schools should encourage professors to become visiting professors within companies, writes Loïck Roche, dean of Grenoble Ecole de Management.
Tested by Changing Times: The GMAT Turns 60 | Bloomberg Businessweek.com
2/7/2014 7:00:00 AM
Bloomberg Businessweek.com | February 7, 2014
In the 60 years since the first paper-and-pencil sitting on February 6, 1954, the GMAT exam has been taken more than 9 million times and undergone substantial changes, but today’s computer adaptive exam still tests the reasoning skills business students need. GMAC’s Lawrence Rudner is quoted. There is more 60th anniversary coverage in US News and Top MBA.
GMAT Exam Turns 60 | gmac.com Newscenter
2/3/2014 8:00:00 AM
gmac.com/newscenter | February 3, 2014
Thursday marks the 60th anniversary of the first administration of the GMAT exam, which has been taken more than 9 million times. Also: key milestones, key facts, a history quiz and a quiz for test takers.
As Data Proliferate, So Do Data-Related Graduate Programs | Chronicle of Higher Education
2/3/2014 7:00:00 AM
Chronicle of Higher Education | February 3, 2014
Big Data degree and certificate programs are proving popular with students and profitable for universities. The addition of the GMAT Integrated Reasoning section is noted and GMAC’s Tracey Briggs is cited, regarding the growing number of new master’s programs accepting GMAT scores.
Business schools respond to demand in courses for Africa | FT.com, metered paywall
2/3/2014 7:00:00 AM
FT.com, metered paywall | February 3, 2014
Africa’s need for skilled managers has drawn a number of business schools, and the most sustainable efforts are ones such as IESE, which is helping African schools develop their own resources and talent. GMAT volume in Africa is cited. Also in the FT: Business schools can help business collaborations between China and Africa, writes Klaus Meyer, CEIBS professor in Shanghai and Accra.
Back to school: Schools see exec education resurgence from doldrums of downturn | Crain's Detroit Business
2/2/2014 6:00:00 AM
Crain's Detroit Business | February 2, 2014
Firms are beginning to return to pre-recession commitments to executive education, say leaders at the University of Michigan Ross School and other Michigan schools. And the Omaha World-Herald profiles the University of Nebraska-Omaha’s executive MBA program, the 13th oldest in the US.
Wall Street help wanted ads to increase, but with a catch | CNBC.com
1/29/2014 7:30:00 AM
CNBC.com | January 29, 2014
Forecasters predict more jobs opening in the financial services sector, but at hedge funds and private investment firms rather than investment banks. GMAC's Michelle Sparkman Renz is quoted, citing findings from the Year-End Poll of Employers.
Graduate management education in Disruptive Times | Global Focus magazine, EFMD
1/27/2014 7:00:00 AM
Global Focus magazine, EFMD | January 27, 2014
GMAC’s Rachel Edgington identifies the major disruptive forces pushing management education and tells how schools can respond, as explained in the recent GMAC book, Disrupt or Be Disrupted.
Is an MBA Worthwhile or Worthless for Tech Pros? | CIO.com
1/27/2014 7:00:00 AM
FT.com, metered paywall | January 26, 2014
Enthusiasm for the MBA is greater than at any time since 2008, but the two-year MBA is coming under increasing pressure as the market for business credentials fragments.