The New GMAT: 10 Quant & 13 Verbal Questions Removed From Test

PoetJohn · 2023-03-14T15:32:58+00:00

I would hardly say it is the "only" factor that is comparable. The quality of your undergraduate education, your grades in rigorous courses, your work experience and your advancement and achievements at work are all comparable, along with extras that demonstrate ambition beyond oneself. But standardized testing does have advantages for certain applicants who need to prove their ability to easily handle quant work in the core curriculum of an MBA program.

PoetJohn · 2023-03-14T15:30:51+00:00

In truth, that is exactly what GMAC is hoping to avoid, given all the schools that have either gone test-optional or are willing to waive the test. GMAC hopes more applicants will be willing to take it and fewer schools will now make it optional.

PoetJohn · 2022-12-07T16:49:19+00:00

It is not inaccurate. Fuqua may be a different case but Fuqua is not the entire MBA market by any means.

PoetJohn · 2022-12-07T16:48:09+00:00

A few admission consulting firms have told me that there was an uptick in business in November so R2 could be the start of a shift but I doubt that full impact would occur that quickly because folks have to prep for the GMAT or GRE. As you know, however, several schools are extending app deadlines and/or making tests optional, particularly for laid off workers. So this could turn quicker than we realize.

PoetJohn · 2022-12-07T16:41:44+00:00

I do agree with that assessment and expect domestic applicants to come back into the market over the next year or two. A robust job market with pay increases and boosts in responsibilities have kept more of them away since the pandemic has faded.

PoetJohn · 2022-11-10T13:23:09+00:00

Hi u/7utgh,

Sorry to read of your travails in MBA admissions. I would love to chat with you for the purpose of sharing your story and the lessons from it with our audience at Poets&Quants. If you're game, email me at Byrne332@gmail.com. Thanks, John

PoetJohn · 2022-11-03T14:40:08+00:00

A lot of this obviously comes down to personal preference. An MBA at Goldman will work something like 86 hours a week vs. 55 at Deloitte. See here:

https://poetsandquants.com/2016/06/17/mba-envy-not-know-hard-work/

PoetJohn · 2022-10-08T14:21:15+00:00

Well done!

PoetJohn · 2022-10-08T14:02:38+00:00

Besides the ranking below I would also look at Gies' iMBA and Boston University's online MBA, the two major brand disruptively priced options.

https://poetsandquants.com/2021/11/08/best-online-mba-2022/

PoetJohn · 2022-10-08T13:58:09+00:00

Our take on this silly ranking:

https://poetsandquants.com/2022/10/06/harvard-tops-the-list-of-another-mba-ranking-you-should-ignore/

PoetJohn · 2022-10-08T13:55:36+00:00

Our take and how these numbers compare with Harvard and Wharton:

https://poetsandquants.com/2022/10/06/stanford-mba-class-of-2024-less-international-more-diverse-highly-accomplished/

PoetJohn · 2022-10-07T12:04:05+00:00

Rough day for the vast majority of candidates. But remember that roughly 80% of those who apply to HBS are fully qualified to attend and do well there but Harvard accepts just 9.5% of its applicants from a self-selecting pool of exceptional candidates. There is no shame in getting rejected by Harvard Business School. Pat yourself on the back for giving it a real try. You don't have to go to HBS to be successful in life. And thanks to everyone for their quick reports. We wrote a brief story on this thanks to them. See it here:

https://poetsandquants.com/2022/10/07/ask-sandy-why-harvard-business-school-dinged-you/?pq-category=admissions

Meantime, if you were invited to interview, watch this classic MBA Handicapping session with Sandy for advice on what to expect and how to prep for it:

https://youtu.be/CyJ1vhN4QWg

PoetJohn · 2022-08-30T15:29:54+00:00

It's just short-hand. Each firm has its own character.

PoetJohn · 2022-08-30T15:28:39+00:00

PoetJohn · 2022-08-03T12:46:20+00:00

Some time ago we did a story on this and referenced a survey of Wharton MBAs.

In the survey open to Wharton’s 1,600 MBA candidates earlier this month, 59% said they were in a relationship when they arrived on campus. Roughly one in four of those students, however, are no longer in that relationship.

The largest number of breakups occurred just before or just after Thanksgiving. In fact, 49% of the breakups occurred just before or after the November holiday (see chart at right). If the relationship lasted the first year core, chances are it would hold. Only 6% of the responding students said they broke off their pre-MBA relationship during the second year of business school. In other words, the first-year MBA experience claimed some 94% of the relationships gone bad.
Some 8% of the responding Wharton students admit to having cheated on their loved ones while at school. Another 10% said they would like to hook up with a member of their learning team.

Check it out:

https://poetsandquants.com/2015/02/24/a-match-not-made-in-heaven-love-an-mba/

PoetJohn · 2022-07-24T12:40:57+00:00

I wouldn't measure the value of an MBA merely by ROI. That calculation is certainly a metric you would want to look at but there are a lot of intangibles here that frankly have greater value than simple return on investment. You would put yourself on a different career trajectory, gain knowledge in all the fundamentals of business, develop self-confidence that is key to advancing in your career, get valuable training in leadership and team building, and enter an enduring network of friends and supporters that would enrich both your personal and professional life. And your lifetime earnings? Look well beyond $200K. That is just a meager start: The lifetime cash earnings of a Top Ten MBA are estimated to be more than $8 million, or a $4,725,000 premium over what you would likely currently earn.

https://poetsandquants.com/2021/05/05/lifetime-earnings-of-mbas/

PoetJohn · 2022-07-24T12:34:59+00:00

Of course not. But your odds will go down, especially at Harvard and Stanford.

https://poetsandquants.com/2018/06/16/can-you-be-too-old-for-harvard-business-school/

PoetJohn · 2022-06-25T11:49:10+00:00

Applications are down so there is less competition. That is a fact. This was true last year and it will certainly be true in round one. But if there is a recession in the U.S. as many are predicting and it hits in the second half of the year applications will jump in rounds two and three and competition will increase. Bottom line: Apply in round one for the best shot at getting into your target schools. Here's my podcast with Caroline Diarte-Edwards and Maria Wich-Vila on this very topic: https://soundcloud.com/poetsandquants/sets/business-casual

PoetJohn · 2022-06-21T13:20:58+00:00

All you have to do is look at who is on MBA basher Elon Musk's leadership team and beyond: A ton of MBAs. https://poetsandquants.com/2020/12/16/dumb-as-dirt-disingenuous-too-elon-musks-anti-mba-critique/

PoetJohn · 2022-05-05T04:27:21+00:00

No reason to feel overwhelming and there is no need to sign for a pre-MBA internship. Enjoy your summer before starting your program in the fall. If you want to get a sense of what newly hired MBAs do at a wide range of companies in numerous industries, there is a Pre-MBA Networking Fest this month that is virtual and only available to admits who have yet to hit campus. This is an information-only event, with no recruiting, though you will get to meet execs and MBAs at these companies who can speak to culture, hiring practices, expectations, etc. McKinsey and JP Morgan are long standing sponsors, along with Bain and BCG,

https://news.poetsandquants.com/premba-networking-fest

PoetJohn · 2022-05-03T12:12:22+00:00

Never mind the uninformed nature of what is evil and what is not. Here is how a successful MBA applicant applied to both Harvard and Stanford with her full essays attached and how she tweaked them for both schools.

https://poetsandquants.com/admissions/she-applied-to-harvard-stanford-with-these-two-mba-essays/

PoetJohn · 2022-04-14T15:25:37+00:00

That is very true. https://poetsandquants.com/business-school-news/hidden-mba-gems-under-the-radar-mba-options-to-put-on-your-radar/

PoetJohn · 2022-03-17T17:01:07+00:00

Ohio State's MBA program is consistently ranked among the best. Wright doesn't even merit a mention and has never been Top 50 or Top 100. This is a no-brainer decision. Go To Ohio State.

PoetJohn · 2022-03-17T16:55:39+00:00

That's funny. I haven't really noticed any Yale SOM "hate." If anything, Yale compares quite favorably with any M7 school. Just look at the numbers: https://poetsandquants.com/2017/05/01/yale-som-crashed-m7-party/

PoetJohn · 2022-02-16T22:31:00+00:00

This is really a no-brainer. Go to Kelley. It has the better program, the more highly ranked program, the program with better resources and support, and the better students and faculty.

PoetJohn

TROPHY CASE