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Categories : Business School Ranking
Expert Author : F1GMAT

US News has published the Best Business School ranking for 2016-17 for full-time MBA programs. As predicted, Harvard is #1, followed by Stanford, but Chicago Booth moved two places to tie with Stanford. Wharton became the non-tied school at the 4th position while the fifth position is tied again by Kellogg School of Management and MIT Sloan.

US News MBA Ranking Methodology
 
The ranking methodology used this year comprised of three factors: Quality Assessment (40%), Placement Success (35%) and Student selectivity (25%). Peer assessment score, a rating by business school deans and directors of accredited MBA programs, takes the major chunk of US News MBA Ranking (10%) – a factor that would promote the status quo. The Peer assessment score is more like a popular vote rather than a rigorous evaluation of what an MBA program can offer. Most consultants, deans, and even aspiring students would have a favorable opinion about Harvard. The brand is synonymous with quality, and low acceptance rate. Hopefully in the near future, recruiter assessment score would take 25% in the Quality Assessment segment.

For complete MBA Research, ...


Ross vs Kellogg MBAIf you have missed the first part of the series - Read Kellogg vs Ross: Location, Ranking, Curriculum, Career Service and Incoming Class Profile.

6) MBA Job Sector

Kellogg MBA is known for Marketing specialisation but the latest Post-MBA employment trends shows that Consulting is the most popular industry with the acceptance rate of job offers in this industry in 2011 remaining at 37%, a trend that saw a steady rise from 2007 onwards with a small dip in 2010.


Industry                    Job Offer Acceptance Rate

                                  2011   2010   2009   2008   2007
Consulting                   37    ...

Categories : Critical Reasoning
Expert Author : F1GMAT

GMAT CR Affirming the Consequent FallacyWe have learned how to divide an argument into premises and a conclusion. While splitting the argument, you should watch out for the order in which premises are stated. A common deductive fallacy seen in Critical reasoning question is when the premises and conclusions are true but invalid. The test taker evaluates them separately and finds truth in the statements, thus assuming that truth equals validity. This is not the case, and test creators are using ‘Affirming the Consequent’ fallacy to trap the GMAT test taker.

What is affirming the Consequent?

If ‘A’ & ‘B’ represent the statements, the affirming the consequent fallacy will be structured in the following format:

Premise 1:  If A, then B

Premise 2: B

Conclusion: A

The format is easy to miss since statement B would be true, and Premise 1 follows the logical structure (If A then B). Premise 1 becomes the base of the argument, and test takers often doesn’t consider additional conditions apart from ’ A’ or order of the statement presented in the premise.
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Harvard Business School is one of the most sought after B-schools in the world. It is also one of the schools with the lowest acceptance rate. While IIMA in India boasts of an acceptance rate of just 0.1%, among US B-schools, HBS has the lowest acceptance rate after Stanford. The rate has historically hovered around the 10-12% mark. The class of 2017 has seen a slight dip in acceptance to 11%, the result of an increase in application volume.

Standing out from 9600 other applicants requires strategic thinking and the power of storytelling. We will teach you how with our essay guide.

Note: When we mention a year, we refer to the year of graduation – the class of that year. The year of admission would be 2 years prior.

Class Size

Over the past 10 years, class sizes have fluctuated from a high of 889 in 2009 to a high of 941 in 2011. The class of 2017 saw 937 enrolled students. Although there are no targets as such, the growth of the class size is three per year.

Diversity

Diversity is not just a buzzword for...

Categories : Reading Comprehension
Expert Author : F1GMAT

GMAT RC purpose questions are seeking your ability to find structure in a passage, except that the test creators want to see how you interpret the author’s intent.

1) Summarize the Passage


Finding the structure of a passage or the reason for the author to use an argument in paragraph one before paragraph two requires a breakdown of the passage into paragraphs. Unlike other summary creations, while writing a summary for questions on the structure of the passage or purpose questions, write it from the perspective of the author – the intent.

2) Rely on Process of Elimination

The test creator would use answer choices with terms like ‘development’, ‘phenomenon’, ‘historical artifact’ and other fancy terms that you are unlikely to find in the passage. Spending time guessing the broader generalization of an event/occurrence is a wasteful exercise. Go straight to the answer choices.

...


If you have missed the first part of the series - INSEAD MBA vs London Business School MBA Program, read it here

LBS vs INSEAD MBA6) Curriculum

London Business School: 
During the first year, London Business School covers the fundamentals of Management Education: Corporate Finance, Data, Models and Decisions, Financial Accounting, Managerial Economics, Strategy, Operations Management, Marketing, Managing Organisational Behaviour and Management Accounting.

Second year emphasis is more on understanding Business in a Global Context with courses like Global Business Experiences, where students will work with Businesses across the world.  For Entrepreneurial students, the course Discovering Entrepreneurial Opportunities will give tools and skills...

Categories : GMAT Score
Expert Author : F1GMAT

Teenagers Scores Better in GMATIf you have wondered whether Age influences your ability to score high on GMAT, the 2012 Profile of GMAT Candidates report by GMAC gives some clear clues. We looked at the Mean Total GMAT Score for the past 5 years and here is what we found:

1) Students younger than 20 Years perform the best in GMAT with a mean GMAT Score of 594.4

2) The worst performing group as expected were the 50+ age group that had a mean GMAT score of 462.6

3) There was a steady drop in GMAT Score as age progresses with the exception shown only by three age groups – 24 to 25, 26 to 27 and 28 to 30.

















There are many reasons why age impacts GMAT Score, here are a few:

1) Mental Agility


When you...

Categories : Loans
Expert Author : F1GMAT

Sofi MBA LoansSoFi is another major loan provider that has entered the $1 trillion Student loan market in the US. With over $200 million distributed to over 2500 borrowers, SoFi is leading its competitors: Prodigy Finance and Common Bond. Sofi depends on Business School Alumni to fund students. Alumni earn a handsome 5% return on their investment while students get loans at a much better rate than Federal Stafford loan for Graduates (5.41 percent), and the Federal Direct PLUS loan (6.41 percent).

Interest Rate

As always, the deciding factor between loan providers is the interest rate and the terms associated with it. As of 2013, Sofi offers a variable rate starting at 2.92% APR (Annual Rate) and a fixed rate starting at 4.99% APR.

Repayment Period

The loan repayment period is based on the individual’s financial status, credit history and the terms agreed upon for the loan term. However, in exceptional cases where students cannot meet the monthly minimum payment, there are hardship programs that offer relief for students...

Categories : Business School Ranking
Expert Author : F1GMAT

businessweek mba rankings 2015Bloomberg BusinessWeek is discontinuing the biennial rankings from 2015 and has released the annual ranking for 2015. What is interesting this year is that for the first time in BusinessWeek MBA Ranking, Alumni Feedback (35%) has been included as part of the ranking. BW took inputs from Alumni, who have graduated in 2007, 08 and 09. The ranking has done away with the research papers published by the Faculty as one of the ranking factors. Instead, the focus has been exclusively on the post-MBA salary increase, placement trends, and brand value of the Business School.

With a heavy emphasis on Alumni and Student feedback, the powerhouse brands have taken over the rising stars. As expected, Harvard is on top, followed by Booth, and Kellogg.

Top 10 Business Schools (US)


1) Harvard
2) Booth
3) Kellogg
4) MIT Sloan
5) Wharton
6) Columbia
7) Stanford
8) Duke Fuqua
9) Berkeley Haas
10) Michigan Ross

Ranking Index Score


More than the ranking keep an eye on the ranking index score. Harvard is #1 with a score of 100. Booth has an index score of 98.47. A difference of 1 or 2...

Categories : Business School Ranking
Expert Author : F1GMAT

The Business Week Full-time MBA rankings are finally out. The rankings are based on a comprehensive evaluation of 236 FT MBA programs. The top 10 in 2012 looks very similar to that of 2011.  There are just two new entrants, Cornell and Darden MBA. While Darden was already on the verge of the top ten lists last year (was ranked #11), Johnson has been the biggest mover, jumping six places to #7.

Columbia and Haas MBA were knocked out of the top ten ranking this year. They are now ranked at 13th and 14th position respectively. While the Stanford Full-time MBA program has moved up to 4th. The top three (Booth, Harvard and Wharton) have held their positions for the third consecutive year. Among the three, Harvard has the highest average salary of $138,164 for the Financial Services Sector, an average that grew to $200,000, 10 to 20 years after graduating.

Evaluate the Summary of the Top 10 Full-time MBA Rankings below or you can visit BW for details.




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