{"id":31705,"date":"2015-12-30T08:00:42","date_gmt":"2015-12-30T15:00:42","guid":{"rendered":"https:\/\/gmatclub.com\/blog\/2015\/12\/our-2015-business-school-news-highlights\/"},"modified":"2015-12-30T08:00:42","modified_gmt":"2015-12-30T15:00:42","slug":"our-2015-business-school-news-highlights","status":"publish","type":"post","link":"https:\/\/gmatclub.com\/blog\/our-2015-business-school-news-highlights\/","title":{"rendered":"Our 2015 Business School News Highlights"},"content":{"rendered":"
\"The<\/a><\/p>\n

Read our top five business school stories of 2015.<\/em><\/p>\n<\/div>\n

2015 was a busy year on the MBA front. From record starting salaries to salacious scandals, there\u2019s plenty of business news to look back on. Here are the top five stories from our year in review.<\/span><\/p>\n

1. Higher starting salaries for business school grads<\/b><\/h4>\n

If you graduated business school in 2015, it\u2019s been a good year, with great employment stats and higher starting salaries. From <\/span>Wharton reporting<\/span><\/a> an average $146,000, to Dartmouth Tuck\u2019s <\/span>99% employment rate<\/span><\/a>, to McKinsey & Company <\/span>doubling their recruitment figures<\/span><\/a> at Duke Fuqua. Many other top schools also reported record starting salaries for their graduates. Are happy days here to stay? With the employment rate at its lowest level since before the Great Recession and MBA hiring up, they just might be.<\/span><\/p>\n

2. The Stanford GSB scandal<\/b><\/h4>\n

Stanford\u2019s Graduate School of Business had a decidedly mixed year. On the one hand, the school remains one of the most competitive MBA programs in the nation. Starting salaries for its graduates are among the highest anywhere, and the tech industry has really warmed up to hiring MBAs. On the administration front, however, the school has become tabloid fodder because of a scandal involving the departing dean and a professor\u2014the two were caught having an affair. To make the matter even more dramatic, the professor was married to a fellow Stanford GSB faculty member. Prospective students, however, seem unruffled by the drama. The story is still unfolding. (<\/span>Vanity Fair<\/span><\/i><\/a>)<\/span><\/p>\n

3. Business schools warm to Integrated Reasoning<\/b><\/h4>\n

The GMAT\u2019s newest section, Integrated Reasoning\u2014which was added to the exam in 2012\u2014is finally beginning to get some love from business schools. In Kaplan\u2019s 2015 survey of admissions officers at more than 200 business schools across the United States and the United Kingdom, 59% say an applicant\u2019s score on the GMAT\u2019s Integrated Reasoning section is an important part of their evaluation of a prospective student\u2019s overall GMAT score. This represents a big change of opinion from Kaplan\u2019s 2014 survey, in which only about 40% said an applicant\u2019s Integrated Reasoning score was an important part of their overall GMAT score evaluation. Watch for this number to keep increasing over the next couple of years. (<\/span>Top MBA<\/span><\/a>)<\/span><\/p>\n

4. GMAT or GRE?<\/b><\/h4>\n

Kaplan also did some research into another hot topic on the MBA admissions front. Should you take the GRE or the GMAT? Here\u2019s what we found: 90% of business schools now allow applicants to submit a GRE score instead of a GMAT score, which once the only admissions test option for MBA programs. This is a 5% increase over 2014 and a huge jump from 2009 when our survey found only 24% of business schools allowed students to submit a GRE score. Additionally, 42% of admissions officers in 2015 reported an increase in the number of applicants submitting GRE scores. The caveat? Many business schools say there\u2019s still an admissions advantage to submitting a GMAT score. (<\/span>Poets & Quants<\/span><\/a>)<\/span><\/p>\n

5. Slashing tuition<\/b><\/h4>\n

Here\u2019s something you don\u2019t see often… One of America’s top-ranked programs, the University of Rochester\u2019s Simon Business School, announced earlier this year that it would be slashing tuition by nearly 14% for the entering class of 2016\u2014from a hefty $106,500 for two years to a still hefty $92,000. This pricing change made sense for the school, which had charged more than other, similarly-ranked programs with comparable average GMAT scores. As the dean of the business school admitted, \u201cThe higher ranked the school is, the higher the price. And the lower ranked the school is, the lower the price. So we were a bit of an outlier. We sort of looked at it as an economic problem.\u201d A sensible course correction. (<\/span>Inside Higher Ed<\/span><\/i><\/a>)<\/span><\/p>\n

Thank you being such loyal readers. Enjoy the rest of the holiday season, and we\u2019ll see you in 2016!<\/span><\/p>\n

Ready to kick your GMAT score into top shape? Challenge yourself to our <\/span><\/i>free 20-minute workout<\/span><\/i><\/a>.<\/span><\/i><\/p>\n

The post Our 2015 Business School News Highlights<\/a> appeared first on Business School Insider<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Read our top five business school stories of 2015. 2015 was a busy year on the MBA front. From record starting salaries to salacious scandals, there\u2019s plenty of business news…<\/p>\n","protected":false},"author":120,"featured_media":0,"comment_status":"open","ping_status":"1","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,558,243,940],"tags":[],"class_list":["post-31705","post","type-post","status-publish","format-standard","hentry","category-gmat","category-kaplan-blog","category-blog","category-gmat-prep-gmat","entry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/posts\/31705","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/users\/120"}],"replies":[{"embeddable":true,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/comments?post=31705"}],"version-history":[{"count":0,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/posts\/31705\/revisions"}],"wp:attachment":[{"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/media?parent=31705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/categories?post=31705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/tags?post=31705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}