Simulations require collaboration with team members and teach students to think for the team and effectively communicate with each other. The Games can be broadly categorized based on the learning function – Communication, Finance, Sustainability, Leadership & Teamwork, Marketing, Strategy, Supply Chain, Change Management, Venture Capital, Entrepreneurship, Economics and Pricing, and Statistics.

Here are some of the Best Simulation games used in top Business Schools.

An MBA in supply chain management uses a cross-disciplinary approach, covering Operations Management, Inventory Management, Quality Management, Supply Chain Technology Management, Logistics, Marketing, Strategy and MIS.

People who wish to have a career in this field should be adept at critical thinking, analysis, management and strategy. They must be able to evaluate issues and solve them on a global scale. Strong financial, leadership and team playing skills are also vital. Find out the Top 5 MBA Programs for Supply Chain Management

The ratio of US to International students selected every year will give you a perspective on the class composition over the years.

Here are the percentage of International students over the past five years:

2012: 37%
2011: 33%
2010: 34%
2009: 34%
2008: 37%

A 33-37% International students over the past five years is a healthy class composition. You will get a better understanding of your chance to get into stanford full-time MBA program if you look at the regional breakup for the class of 2012.

Africa: 2 %
Asia: 11 %
Europe: 6 %
North America: 64 %
Latin America and the Caribbean: 5 %
Oceania: 1 %
Dual citizenship: 11 %

Another factor that influence the admission is the gender of the applicant. We haven’t come across many top Business Schools that have consistently maintained a strong female representation for their Full-time MBA program. Here are the % of female students in Stanford Full-time MBA Program.

2012: 39%
2011: 34%
2010: 36%
2009: 38%
2008: 32%

Another positive aspect of Stanford MBA program is the representation of US Minority in the Full-time MBA program.

2012: 23%
2011: 21%
2010: 24%
2009: 23%
2008: 17%

So if you are a female US Minority student with strong academics and leadership qualities, then you are most likely to get into Stanford than your counterparts from other backgrounds.

Before you apply for Stanford MBA program, research about the type of profiles that is selected for the past 5 years.

The academic competency (Undergraduate GPA and GMAT Score) are used as the first point of elimination for top Business Schools. If the AdCom notices that you have low GMAT or GPA (below class average), they quickly look into other aspects of your profile. If the non-academic aspects of your profile do not stand out, your application will be under ‘Review Later’ category.

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Before selecting an Entrepreneurial MBA program, research thoroughly about the various courses available in the curriculum. Analyse how the curriculum can add value for your start-up. If you are planning to start a tech company, go through the courses that will provide a strong foundation for your entrepreneurial venture. A mix of Business Fundamentals, tips on managing teams, raising funds (VC) and the real-world experience that the instructor can offer is critical.

We hate to say this. But PHD’s and Academicians add very little value in an Entrepreneurial MBA program. Although they are excellent in interpreting trends and analysing Businesses Case Studies, the real-world experience is what adds value in an Entrepreneurial MBA course.

One course that has gained quite a lot of attention is the CS 182: Start-up course in Stanford MBA 2012 Spring Class.

Stanford is known to provide a great number of resources for entrepreneurs like the Entrepreneurship Corner that has over 2000 free videos and podcasts, featuring successful entrepreneurs like Mark Zuckerberg, Larry Page and Reid Hoffman, to name a few.