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Stanford MBA AdCom has debunked myths about MBA Admission, Recommendation letter and Interviews in their blog. Here is the summary:

Stanford MBA Admission Myth Debunked

1) Regular Updates: You will not receive regular updates about your MBA Application status. The statuses that would be visible to applicants are:

a) Submitted
b) Under Review

On the day of the decision, you will receive a link to the decision letter in ApplyYourself.

2) Full Time work experience: This does not include experience during or before your undergraduate degree. Include months of experience from completing your undergraduate degree until Sep 1, 2013.

3) Campus Visit: Visiting Campus does not increase your chance of admission other than helping you with your research. There are many International students who is admitted without any campus visits (You can bookmark Stanford MBA or Business School Research pages for your Research).

Stanford MBA Recommendation Letter Myths Debunked


1) More Recommendation Letters are Not Better: Presenting your profile in required number of recommendation letters is better. More is not...

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.

...

Categories : Critical Reasoning
Expert Author : F1GMAT

GMAT CR Logical FallaciesCritical reasoning, like its name, is a critical component of the GMAT exam. It is part of the Verbal Section, with 41 questions that need to be completed in 75 minutes. This section also has questions on Sentence Correction and Reading Comprehension. The Critical Reasoning component is comprised of 14 to 16 questions. They are designed to test reasoning abilities, and how well the test taker can judge the flaws, assumptions and conclusions in a given statement. What makes these questions important for GMAT participants is that it is an immense scoring opportunity. A well-prepared candidate can answer the questions quickly, and dedicate more time to Reading Comprehension questions, or the tricky Sentence Correction section.

In GMAT Critical Reasoning, a statement is followed by a Question, which can be broadly categorized under:

1) Finding assumption in a statement
2) Finding argument that strengthens or weakens the statement
3) Drawing an inference or conclusion
4) Picking the flaw in an argument
5) Identifying the argument structure
6) Choosing the right conclusion.

The answer should be picked from five choices....

Categories : Personal Branding
Expert Author : F1GMAT

Personal Branding MBA AdmissionsOne question that is on an AdCom’s mind is “How different is this applicant.” Business Schools are not looking to fill the classroom with working professionals, with similar experience, and background. They want diversity in experience, background, academic qualification, nationality, and leadership achievements.

As an applicant, it is your duty to identify & highlight attributes that would make you stand out from the competition. In order to do that, you should have a clear understanding of the class composition, and profiles of the previous class. Although Business Schools are unlikely to repeat the same class next year, you will get an understanding on what each class stands for, and the type of students that is considered fit for the school, and the community at large.

Articulating Unique Value Proposition


Articulating your attributes into a unique value proposition is the trickiest part that requires analysis of your personality from a third party’s point of view. Some of the qualities that should translate into unique value proposition are:

• Confidence
• Clarity
• Sincerity
• Open-minded
•...


There are two types of MBA programs – General MBA and Specialized MBA program. If you have read F1GMAT’s article - MBA Specialize or Generalize, you will understand that the choice of General or Specialized MBA program depends on your background, career goals and practical application of the program.

MHCDS (MASTER OF HEALTH CARE DELIVERY SCIENCE) is a new Master's Program designed for clinicians, administrators, and professionals in health care and related industries. If your career goal is to develop your expertise in Health Care Industry, a Master’s program would be more appropriate for you.

With healthcare reforms, United States need professionals who can manage resources efficiently while maintaining the cost and quality of healthcare. There is a demand for specialized expertise to manage the resources in Healthcare industry. A General MBA cannot give you the focus that a Master of Health Care Delivery Service or MBA in Healthcare management can offer.

Dartmouth’s MHCDS program
Now if you look at...

Categories : Women MBA
Expert Author : F1GMAT

Women MBA Pay Gap
The number of Women MBAs in top Business Schools has steadily increased over the past ten years, with schools accepting 35-45% women candidates in the past two years. However, a more disturbing finding is the rising pay gap between Men and Women professionals. The gap is exacerbated in a management position at both mid-level and senior positions. There are several reasons for this gap. We shortlisted four major reasons:

1) Low Expectation

This might be the major reason why pay levels for Women management professionals don’t catch up with their men counterpart. The thought process for most Women MBAs is to settle for a reasonable fixed salary. Men, on the other hand, understand the need to start with a higher base salary. They would haggle until the breaking point and then quickly accept a moderate to high variable pay.

The lower expectation does not start at the graduate level, but a Study conducted by Universum in 2016 shows that Women Business Students expected to...


F1GMAT: What are the visa rules for MBA Students in Netherlands?

RSM MBA Director of Marketing and Admissions, Maryke Luijendijk-Steenkamp explains the unique visa rules available only to MBA students in Netherlands.

Listen to Maryke's reply.

Length: 2 Minutes and 24 Seconds




Key Takeaways

• Search Visa for 1-Year after the MBA Program
• Weigh in different options before accepting a Job offer

Learn more about RSM International MBA


Categories : Top MBA
Expert Author : F1GMAT

MBA in StrategyThe study of strategy basically revolves around the question - Why do some firms do consistently better than others? Strategy stresses on the awareness and skillsets required to grasp, analyze and create ways to succeed in a competitive, complex and dynamic business situation. Expertise in strategy is vital in all business, especially for consultants. It is also of great benefit for careers in Marketing, Finance and Entrepreneurship.


Careers in a strategy role involve data collection about the industry and the competition, analysis of data, and creating forecasting models. This process helps in spotting new opportunities, business threats, and creative solutions. MBAs will also learn to predict competitor’s behavior with strategy studies. Strategy jobs are among the most sought after because they involve attention to details, thorough analysis and creative solutions. It provides great scope for value addition, and decision making. Not surprisingly, many CEOs tend to have strategic decision-making background.

1) HBS

HBS has a Strategy Unit, one of...

Categories : Entrepreneurship
Expert Author : F1GMAT

Entrepreneurship AttitudeQ) I am from India. Given the poor Entrepreneurial Ecosystem (bureaucracy, corruption, and societal pressure); I would like to immigrate to a country where I can pursue my Entrepreneurial dream. I also want to be in a country where I have the option of doing an MBA if things don’t work out.

F1GMAT: First, you have to define what Entrepreneurship is for you:

a) Is it a lifestyle Business where the revenue from the product/service will be used primarily for your survival and day-to-day expenses?

b) Is it a Business where you need considerable investment through Angel investors or Venture Capitalists?

c) Is it a Business that needs support from a team of 30-50 Employees?

d) Can you bootstrap the Business for 1-2 years before scaling up?

Once you have defined clearly what your start-up would be like, brainstorm, and find out whether you will go it alone or you will have a partner. There are ups and downs for both. But let us assume that you are going it alone, at least for a year before bringing partners into the team.

...

Categories : MBA Accounting, Top MBA
Expert Author : F1GMAT

MBA in AccountingAccounting is invaluable for any business. The performance of a company, the stock prices and strategic plans for the company depends on the company’s financial health. Accounting help executives summarize the health of a company with key metrics like Cash Flow, Assets, Liabilities and Equity.  There are 2 major types of accounting: Financial Accounting & Cost accounting. Financial accounting keeps a track on assets, debts, income & expenses. It includes the balance sheet and income statements. Cost Accounting relates to manufacturing or production costs, and helps Business to set optimum prices for its products and services.

As far as professionals are concerned, it is essential to have a basic knowledge of Accounting that would help them read and understand financial statements, and evaluate the accuracy of a company's account statements. The core curriculum in MBA programs covers the basic principles of Accounting.

Why is MBA in Accounting so important?

Specialized and niche accounting skills are must for an advanced understanding of the Financials of a company. Accountants use their skills to manage an organization's checkbook and orders, auditors analyze...




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