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LBS 2012 - Calling All Applicants

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Re: LBS 2012 - Calling All Applicants [#permalink] New post 30 Mar 2012, 15:51
wheretogo wrote:
Visa Issues / Bank Loan

Hi everyone,

I just wanted to get a confirmation/opinion on visa issues.



A good post, although the immigraiton restrictions don't apply to me for the moment and thanks for sharing the insights from the alums as I've noticed it is sometimes difficult to get a true reflection of the negative sides of an MBA programme since alums may be drilled into giving positive info only.

Having said that, I might be mistaken, but immigration rules are tightened around the world due to the outcries of local population and rising unemployment levels.

Although I don't follow this topic closely since it's irrelevant to me at the moment, it's indeed worrying that post-study work visas are eliminated as of April, 2012 and, therefore, MBA grads are really at the mercy of companies to sponsor them. Now, this has been long coming but it does further undermine the competitiveness and potential future ranking of UK MBA programmes including LBS.
http://www.immigrationmatters.co.uk/pos ... ished.html
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Re: LBS 2012 - Calling All Applicants [#permalink] New post 30 Mar 2012, 23:48
Libraal,

You are right that visa issues are changing everywhere but in the UK one will have to leave the country almost immediately after completing the MBA whereas in the US one can stay for upto an year and work.
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Re: LBS 2012 - Calling All Applicants [#permalink] New post 31 Mar 2012, 03:31
wheretogo wrote:
Please share your views with me, guys. I want to hear as much as possible..good and bad...before i decide what to do with my place at LBS. i want to be sure.

Well, it is said (according to Mayan calculations) that the world is due to end in December 2012. So, you don't want to pay hefty GBP 57000, if you can enjoy your life and spend it now. Think twice.
Alternatively, you can go to CEIBS ( from the post above, it seems that their graduates will enjoy very bright employment prospects). If the world does not end then you will safe extra money and have an edge in getting a job. 8-)

wheretogo wrote:
Somehow I wish i just knew of this 6 months ago and not wasted so much of my time and energy on this school.

You were reckless, man. Be careful next time. ))
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Re: LBS 2012 - Calling All Applicants [#permalink] New post 31 Mar 2012, 05:24
ankurb wrote:
Can any admit confirm the total number of admit students and total number admit from New Zealand and Australia. thank you

Congratulation to all the admits and good luck to rest.

Portal has not been updated yet, it shows 158 people still however we know that there were so new admits since last week. Let me check on Monday again.
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Re: LBS 2012 - Calling All Applicants [#permalink] New post 31 Mar 2012, 08:58
ArmanS wrote:
wheretogo wrote:
Please share your views with me, guys. I want to hear as much as possible..good and bad...before i decide what to do with my place at LBS. i want to be sure.

Well, it is said (according to Mayan calculations) that the world is due to end in December 2012. So, you don't want to pay hefty GBP 57000, if you can enjoy your life and spend it now. Think twice.
Alternatively, you can go to CEIBS ( from the post above, it seems that their graduates will enjoy very bright employment prospects). If the world does not end then you will safe extra money and have an edge in getting a job. 8-)

wheretogo wrote:
Somehow I wish i just knew of this 6 months ago and not wasted so much of my time and energy on this school.

You were reckless, man. Be careful next time. ))


Hi Arman,

I think wheretogo raises valid points. I got a feel of real picture when I spoke last week to a couple of alumni from Brazil and India. Both of them were planning to return to their home countries after not being able to find good jobs in the UK. They were trying but were not very hopeful. i also visited said business school, similar situation. Also, I think from next year things will be even more difficult.
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Re: LBS 2012 - Calling All Applicants [#permalink] New post 31 Mar 2012, 10:13
mymbaapp wrote:
ArmanS wrote:
wheretogo wrote:
Please share your views with me, guys. I want to hear as much as possible..good and bad...before i decide what to do with my place at LBS. i want to be sure.

Well, it is said (according to Mayan calculations) that the world is due to end in December 2012. So, you don't want to pay hefty GBP 57000, if you can enjoy your life and spend it now. Think twice.
Alternatively, you can go to CEIBS ( from the post above, it seems that their graduates will enjoy very bright employment prospects). If the world does not end then you will safe extra money and have an edge in getting a job. 8-)

wheretogo wrote:
Somehow I wish i just knew of this 6 months ago and not wasted so much of my time and energy on this school.

You were reckless, man. Be careful next time. ))


Hi Arman,

I think wheretogo raises valid points. I got a feel of real picture when I spoke last week to a couple of alumni from Brazil and India. Both of them were planning to return to their home countries after not being able to find good jobs in the UK. They were trying but were not very hopeful. i also visited said business school, similar situation. Also, I think from next year things will be even more difficult.

Hi mymbaapp,

Don't get me wrong, I don't want to appear offensive, but isn't it a well known fact that it is difficult nowadays for aliens to get a job in the UK or in other European countries? Someone knowledgeable on this forum aptly noted that for aliens even after M7 schools getting a job in the US is close to impossible. The job market is not as good as many applicants wish it to be. That is a reality that has been known for a while. And this situation has nothing to do with LBS or any other school for that matter. I might be wrong, but I don't think that difficulty of getting a job in the UK or in any other country is a valid reason to give up on an MBA. :)
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Re: LBS 2012 - Calling All Applicants [#permalink] New post 31 Mar 2012, 10:19
Hi guys,

can you please advise which schools offer full alumni status to LBS MBA exchange students.

I've created the topic at the link below which I shall update based on our collective input:
lbs-international-exchange-full-alumni-status-129955.html
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Re: LBS 2012 - Calling All Applicants [#permalink] New post 31 Mar 2012, 12:42
Visa / Bank Loans

Thanks a lot guys. The posts above have been extremely insightful and an eye opener. It is indeed true why would anyone want to spend $130k+ on an MBA which cant even get you a good job at the end of it. Most students like me would be taking out loans to finance the course. I dont think the market is as bad in the US and foreigners have a much better chance at landing jobs in the US due to its vast market and easier visa regime. Specifically for LBS, its not such a strong a brand globally but will cost almost as much as Harvard to obtain an MBA. In the UK, at least Oxford/Cambridge cost half as much (when fees and living expense are included) and take half the time ( 9-12 months as compared to 18-24 months at LBS). Plus Oxford/Cambridge/INSEAD are far bigger brands globally including here in the US.
As for rankings, it should be taken with a pinch of salt. Doesn't it speak volumes when a so-called top MBA school is struggling to move its students into good jobs and there is a "lack of optimism" at the campus. The LBS student's account in Businessweek posted above is indeed a true reflection of things behind the smoke screen.
Actually, i am a wee bit surprised that it was this bad at LBS.

I know what I am doing..... enrolling at Chicago Booth. ( Actually, I might change my mind and and go to Shanghai as mentioned in the Businessweek article above :wink: ).
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Re: LBS 2012 - Calling All Applicants [#permalink] New post 31 Mar 2012, 14:46
Visa / Bank Loans

Libraal

Well, I would refer you to the two posts above by "wheretogo'. Those posts clearly mention the spin a school might want to give. The fact of the matter is all future Non-EU students will need an employer to sponsor them - cap or no cap or anything else is a matter of detail for companies, their HR and lawyers to sort out. And not all companies will have that kind of resource infrastructure. Refer to the posts by "wheretogo" above again. In any case, why would companies sponsor a foreign candidate to work in London when there is an extremely large pool of EU candidates of suitable calibre available locally. Lets not kid ourselves. Overtly or covertly, there will be always be preference for EU workers. As for small companies they would never bother with this kind of bureaucracy and hassle. Simply put, there does not exist a level playing field anymore for foreigners.

Reality is - It will be more difficult to recruit foreign MBA workers as compared to EU MBA workers.

What do you have to say about the mood of pessimism at campus as has been describes by an LBS student himself in businessweek (posted above). Students struggling to find good jobs. Career service trying to temper expectations rather get students into decent roles. The student author praying for his classmates whom he leaves behind at LBS. Ridiculous stuff.

Brand - What good is a brand if it cant fetch students that one thing for which they want to be associated with a particular brand. It seems LBS brand is particularly good at extracting money out of students and giving very little in return.

I wouldnt even bother comparing INSEAD with LBS. Suffice it to say INSEAD is in the league of Harvard and Stanford, and people "in the know" know it.

Internationalism - is good-to-have, not a must-have
Good Job - is a Must-have

Rankings - If the Economist can rank the unheard-of - University of Bath MBA as a top one, whats the big deal in FT ranking LBS MBA as top one.
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Re: LBS 2012 - Calling All Applicants [#permalink] New post 31 Mar 2012, 14:54
ArnoldTW wrote:
Visa / Bank Loans

Libraal

Well, I would refer you to the two posts above by "wheretogo'. Those posts clearly mention the spin a school might want to give. The fact of the matter is all future Non-EU students will need an employer to sponsor them - cap or no cap or anything else is a matter of detail for companies, their HR and lawyers to sort out. And not all companies will have that kind of resource infrastructure. Refer to the posts by "wheretogo" above again. In any case, why would companies sponsor a foreign candidate to work in London when there is an extremely large pool of EU candidates of suitable calibre available locally. Lets not kid ourselves. Overtly or covertly, there will be always be preference for EU workers. As for small companies they would never bother with this kind of bureaucracy and hassle. Simply put, there does not exist a level playing field anymore for foreigners.



Hey AnroldTW,

Yes, I see your point and I can sense some frustration and disillusionment in your post.

Depending on your circumstances and if you have admits from INSEAD and Chicago, I'd go for them. You should choose what's best for you. I myself have not yet decided, but my circumstances are different from yours, e.g. I don't have any immigration restrictions in the UK.

Best of luck!
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Re: LBS 2012 - Calling All Applicants [#permalink] New post 31 Mar 2012, 15:11
libraal wrote:
ArnoldTW wrote:
Visa / Bank Loans

Libraal

Well, I would refer you to the two posts above by "wheretogo'. Those posts clearly mention the spin a school might want to give. The fact of the matter is all future Non-EU students will need an employer to sponsor them - cap or no cap or anything else is a matter of detail for companies, their HR and lawyers to sort out. And not all companies will have that kind of resource infrastructure. Refer to the posts by "wheretogo" above again. In any case, why would companies sponsor a foreign candidate to work in London when there is an extremely large pool of EU candidates of suitable calibre available locally. Lets not kid ourselves. Overtly or covertly, there will be always be preference for EU workers. As for small companies they would never bother with this kind of bureaucracy and hassle. Simply put, there does not exist a level playing field anymore for foreigners.



Hey AnroldTW,

Yes, I see your point and I can sense some frustration and disillusionment in your post.

Depending on your circumstances and if you have admits from INSEAD and Chicago, I'd go for them. You should choose what's best for you. I myself have not yet decided, but my circumstances are different from yours, e.g. I don't have any immigration restrictions in the UK.

Best of luck!



Thanks Libraal,

I am leaning towards Chicago. Though I might consider INSEAD. Still to decide. What else are you considering? Good luck to you too.
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Re: LBS 2012 - Calling All Applicants [#permalink] New post 31 Mar 2012, 15:14
Just read the said article in detail and have some observations.
http://www.businessweek.com/articles/20 ... ell-london

Every student will be emotionally invested and biased towards their own school. This does come through in the author's tone which although tries to pay due respect to LBS emphasizes the pros of CEIBS.

With regards to the grading system, I think it's a moot point whether the grades should be disclosed or not. I like academia and am a bit of a nerd I suppose, but I am going to try and follow the advice of my interviewer whose only regret was not spending enough time socialising. Dean's list, honours and distinction are good to have, but according to him, in the end of the day not many interviewers will examine your academic performance at the school under a magnifying glass! Plus, I believe other schools also practice non-disclosure of grades which fosters collaborative rather than competitive spirit.

To me the selling point of LBS is the clubs and this is what I'm really looking forward to. Now, you won't get the same amount of time to socialise and attend clubs in a 1 year programme - let's be realistic.

With regards to recruitement, I agree that one's prospects will be better of in a growing economy. So, in terms of location, it's not Europe. Perhaps, IMD in Switzerland is a good exception. States are in slightly better shape. Also, LBS students will obviously have to be more creative in finding jobs as financial services recruitement is probably not what it was in its heyday. Doesn't bother me too much cause I don't covet spending 18 hour days in an investment bank. Thank you buth thank you ;)
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Re: LBS 2012 - Calling All Applicants [#permalink] New post 31 Mar 2012, 15:23
Quote:
Thanks Libraal,

I am leaning towards Chicago. Though I might consider INSEAD. Still to decide. What else are you considering? Good luck to you too.


I've got admit from IMD which was my top choice when I started this journey as I am on a more mature side, my interests lie in general management, personal development and my career interests are in industry.

But I need to travel some days back to the UK to settle my British immigration paperwork and have recently realised that it might not be possible with IMD's intensity and discipline culture. Having a phonecall with the programme director to see what can be done about it.

Other than that, my family circumstances tell me I should go with LBS. Also, what I do like about LBS (and things possibly missing or not available to the same extent at IMD) are:
    exchange option
    greater network size (IMD's class size is 90, although the responsiveness is excellent!)
    proximity to headquarters of many companies
    clubs (including MBA band - I'm going to try out for a lead singer (lol)
    internships
    no exchange rate risk (I'm based in the UK)
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Re: LBS 2012 - Calling All Applicants [#permalink] New post 01 Apr 2012, 05:25
Hi,
Is there anybody else waiting anxiously the interview decisions sent next Friday?
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Re: LBS 2012 - Calling All Applicants [#permalink] New post 01 Apr 2012, 07:55
ArnoldTW wrote:
Visa / Bank Loans

Libraal

Well, I would refer you to the two posts above by "wheretogo'. Those posts clearly mention the spin a school might want to give. The fact of the matter is all future Non-EU students will need an employer to sponsor them - cap or no cap or anything else is a matter of detail for companies, their HR and lawyers to sort out. And not all companies will have that kind of resource infrastructure. Refer to the posts by "wheretogo" above again. In any case, why would companies sponsor a foreign candidate to work in London when there is an extremely large pool of EU candidates of suitable calibre available locally. Lets not kid ourselves. Overtly or covertly, there will be always be preference for EU workers. As for small companies they would never bother with this kind of bureaucracy and hassle. Simply put, there does not exist a level playing field anymore for foreigners.

Reality is - It will be more difficult to recruit foreign MBA workers as compared to EU MBA workers.

What do you have to say about the mood of pessimism at campus as has been describes by an LBS student himself in businessweek (posted above). Students struggling to find good jobs. Career service trying to temper expectations rather get students into decent roles. The student author praying for his classmates whom he leaves behind at LBS. Ridiculous stuff.

Brand - What good is a brand if it cant fetch students that one thing for which they want to be associated with a particular brand. It seems LBS brand is particularly good at extracting money out of students and giving very little in return.

I wouldnt even bother comparing INSEAD with LBS. Suffice it to say INSEAD is in the league of Harvard and Stanford, and people "in the know" know it.

Internationalism - is good-to-have, not a must-have
Good Job - is a Must-have

Rankings - If the Economist can rank the unheard-of - University of Bath MBA as a top one, whats the big deal in FT ranking LBS MBA as top one.


Thanks friends. I followed this website silently for past few months in my mba application journey so far. This latest discussion and posts from wheretogo and mymbaapp and LBS student truly give the inside picture.
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Re: LBS 2012 - Calling All Applicants [#permalink] New post 01 Apr 2012, 09:12
Guys,

Your concerns are valid but have you seen the LBS MBA employment report??

Contrary to opinions this report mentions facts and numbers. With all due respect to the CEIBS/LBS fellow, he mentions his own experience and that's just it...I've been in the school and did not get that sense at all. Of course the LBS MBA students have to work hard to get a good job, but they do get them (non EU included)

When you go to an MBA there's a chance of not getting a good job but that's not a LBS problem exclusive. I know INSEAD graduates in the exact same situation.

Finally, remember that the rejected offers open up places for waitlisters. So if your turning down your offer, base your decision on numbers and not in feelings or opinions ;)

PS: Nowhere does Oxford nor Cambridge have MBA brands at LBS level. HR managers know for goof the differences between the schools.
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Re: LBS 2012 - Calling All Applicants [#permalink] New post 01 Apr 2012, 10:23
Pedpt wrote:
Guys,
With all due respect to the CEIBS/LBS fellow, he mentions his own experience and that's just it.

He is a CEIBS student who came to LBS as an exchange student. And frankly, I did not see anything shocking in his article. That was his opinion and I personally agree with him to some extent. But that article does not justify attempts of some newly minted users above to smash LBS.
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Re: LBS 2012 - Calling All Applicants [#permalink] New post 01 Apr 2012, 12:14
ArmanS wrote:
It is strange.
Two years ago I witnessed how numerous newly registered accounts smashed Wharton to the ground. By supporting each other's posts they (most likely that was one or maximum two individuals) came to conclusion that Wharton is a second tier school. That was pathetic.
One of "them" even claimed that he was Wharton alumnus, but when he was asked about his Wharton email he immediately disappeared :D


ArmanS,

You're right in the sense that the mood of the community may change as quickly as the winds. This just shows how easily many of us can get swinged into one or the other direction. I'm sure we'll see something similar during recruitment days. This will be the case until the first installment is paid after which I'm sure most of us will turn into even keener supporters of the school of our choice. That's just the way human's psychology works.

I tend to take a more balanced view. Indeed, LBS brand will help people land a job just as INSEAD's brand. Many INSEADers stay in Europe and out of those many go to the UK, so I can't see why LBSers won't be able to compete successfully against the French invasion :)

However, the immigration climate in the UK is worse than it was and perhaps worse than in some other countries - I'm not an expert to judge and it doesn't really concern me at the moment. It is right for people to ask the question though when making such a big commitment and if they have alternative options which are better for them, e.g. because they don't want to go back to work in their home countries but would rather stay in some more developed OECD economy, they should pick what's best for them. If the guy has an option to go to Chicago Booth and if the US immigration climate is better, why not?!
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Re: LBS 2012 - Calling All Applicants [#permalink] New post 01 Apr 2012, 12:23
wheretogo wrote:
Libraal,

You are right that visa issues are changing everywhere but in the UK one will have to leave the country almost immediately after completing the MBA whereas in the US one can stay for upto an year and work.


The rush to brush up CVs, interview skills, find internship and employment opportunities starts very early in all schools - almost at the start. Nowhere you will wait until the end of the programme to find the employment. So, if you've got solid CV, skills + choose internships carefully and show yourself best, then I can't see how you would struggle to land a job.

2 years should give you more options to do so than 1 year + LBS flexibility is VERY flexible, i.e. you can start wanting to graduate in 15 months but then change it to 18 or 21 depending on the circumstances.

A lot in one's successful employment will depend on individual circumstances, level of clarity and focus around what one wants.
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Re: LBS 2012 - Calling All Applicants [#permalink] New post 01 Apr 2012, 13:54
Hello All,

I didn't Get any Email from LBS - I tried calling them , and no one picked up the call - What does it mean? Do you guys any delay in sending the status?

Thanks
Re: LBS 2012 - Calling All Applicants   [#permalink] 01 Apr 2012, 13:54
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