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Amerasia MBA Blog

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Get Moving!  [#permalink]

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New post 10 Oct 2018, 19:02
FROM Amerasia MBA Blog: Get Moving!
If you have struggled over the years about whether or not you should get an MBA, now might just be the ideal time.Particularly if you have a profile which is challenged in some way, you will find that there’s never been a better time to apply to b-school.  Why?  Applications are down.  Way down.
Whenever the economy is humming, applications to business schools take a nose dive.  Essentially, people are doing well and getting promoted and getting raises, and the last thing they want to do is drop all that and pay $100K or more to further their education.  There’s a bid of herd mentality going on here, with everyone flush and employed thinking, “Maybe I’ll go back next year.”  The problem is, everyone is thinking this simultaneously, so when the economy ultimately crashes, as it always eventually does, hoards of b-school hopefuls crash the exits.  What’s happening right now is the opposite.
Compounding the diminished US application rate, applications from international students to US schools are also way down.  The political situation in the US coupled with global prosperity and a bevy of increasingly good MBA educational options overseas and online have all contributed to a dearth of international applications.  When added to the drop in domestic apps, what we have here is an unprecedented opportunity to potentially get into the school of your dreams. 
Scholarships and Fellowships are more easily had as well.When the supply of students goes down, the demand for good students goes up.  This creates a frenetically competitive environment for the schools, not for the applicants.  Remember, to a b-school, you are the product they desperately need to buy.  Yes, the school is the product you want to buy as well, but you have more supply than they do right now because you can go anywhere---the number of good b-schools is essentially fixed.  Schools only have access to the current pool, and the current pool is anything but fixed.  In fact, it fluctuates wildly.
Now all you have to do is muster the courage to leave your high-paying job and pull out of the lowest unemployment in 50 years to go get that MBA!To find out more about your options and how we can guide your business school application process, email us at mba@amerasiaconsulting.com or contact us via http://www.amerasiaconsulting.com/contact
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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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The Growing Student Loan Debacle  [#permalink]

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New post 14 Oct 2018, 18:02
FROM Amerasia MBA Blog: The Growing Student Loan Debacle
One of the last things you probably want to think about as you prepare your MBA applications is how you are going to pay for it. If you are already carrying undergrad student loan debt, it’s even worse.Over the years, it’s no secret that college has become astronomically more expensive.  Outpacing inflation by a large margin, the cost of higher education has even outpaced healthcare costs.  In fact, the price of a college degree has been the fastest rising and most inflated area of the economy in the modern era.  It’s downright depressing.
For students with an undergraduate degree in Art History from an expensive, private college, the pain is probably palpable.  But even those who have a more marketable degree, the daunting payments can sometimes be a main deterrent to undertaking yet another loan for an advanced degree.
What to do?Certainly accelerating your undergraduate loan payments is a good option if you can pull it off.  One way to make this easier is to refinance your loan with a lower interest rate, but the opportunity to capture a low rate is quickly vanishing in an ever-shifting, upward-trending economy. Ideally, you would not take on MBA loans while you still have undergraduate loans looming, but if you can’t refinance and don’t have the cash on hand, you might find relief from parents or other family who can either help you pay loans off early, or at least loan you money at a favorable rate.  The IRS allows up to $15,000 to be given to any one family member per year without tax consequences for the giver or receiver, so if you have a generous uncle, aunt or grandparent, make sure they know this. 
Ultimately, you should try to avoid letting undergraduate loans guide your decision to go back to graduate school.  Every year you delay, it’s another year you put off what should become a dramatically better income environment for you.  Plus the average top tier MBA graduate gets at least $10,000 in signing bonuses from most top employers these days, so if you are disciplined enough to use that money to pay off your highest interest rate loans, you will thank yourself later. 
Fellowships are also a good option if you can’t pay off your undergraduate loans, since not having to pay for your MBA is just as good as getting money to pay off your existing loans.  Start early seeking out schools with a good track record for handing out Fellowships (look for private schools with large endowments, which is often searchable on the internet).  Schools typically consider every applicant for Fellowship funds, so you often don’t have to make a separate application for financial help.  There are also plenty of good research assistantship slots at public MBA programs, so if you don’t mind working 10-15 hours per week, you can get tuition waivers from these schools to defray costs.
To find out more about your options and how we can guide your business school application process, email us at mba@amerasiaconsulting.com or contact us via http://www.amerasiaconsulting.com/contact
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Managing Deadlines  [#permalink]

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New post 19 Oct 2018, 19:02
FROM Amerasia MBA Blog: Managing Deadlines
Business schools desire to see many key traits in their applicants: Leadership, teamwork, solid work experience, good grades.  One often overlooked but very important skill for b-school is time management.  Are you using this skill now to manage your application deadlines?If you’re a savvy business school applicant, you are applying to multiple schools.  The more competitive the target school, the more schools you need to add to the mix.  You’ve likely been coached to choose a diversified basket of schools ranging from aspirational schools to safety schools, to those in-between.  With all these schools in the mix, you are likely to face different due dates for each and every one.
The first thing to do once you choose your schools is to make a calendar of application due dates. Of course the actual due date is not the only deadline you will face in this process, but it’s the most important one, since missing it will force you into a subsequent round.  While it’s generally considered good advice to defer an application versus submitting one that is not ready, if you can hit your targeted deadlines within your desired rounds, it’s obviously ideal. 
While it may seem logical to attack the school with the earliest deadline first, that may not be the right approach.  Some applicants like to attack their dream school first, no matter what the deadline, so they can end up working on it the most, and begin while they are still fresh.  Other applicants like to cut their teeth on a safety school or two, under the theory that their story will become more refined after a couple of applications.  Whatever your strategic approach to the batting order becomes, you must realize that it’s not just the application deadline that you must focus on.
Besides the final submission date, the most important timeline to manage is your recommendations.   These are the only parts of your application that are essentially out of your control, so start early and give your chosen recommenders plenty of buffer before things come due.  Start a chart on your calendar and set follow up dates for yourself to double check that your recommenders have completed their tasks.  To this same chart, you can also begin to fill in other deadlines.
I have always felt that giving yourself artificial deadlines is helpful when managing any project to successful completion.  If you’re writing a personal statement, give yourself a goal by which you want to be finished. Do the same for essays, fetching your transcripts, and visiting schools.  By loading your calendar with deadlines, you can stay organized and prevent things from stacking up on you.  If you let yourself get behind, you can become overwhelmed and end up dropping schools from  your list, thus decreasing your potential choices and causing unnecessary stress. 
If you have chosen your consultant, they can guide you as you manage your deadlines and can be very helpful in keeping you on task by asking for deliverables and sending you feedback on a schedule.  If you manage all your deadlines well, you will have a much smoother application experience than attacking things when the mood strikes you.  While it’s great to respond to inspiration or creative bursts, doing things only when you feel like it is almost always a risky approach, and is not how the business world works, so you better get used to it!
To find out more about your options and how we can guide your business school application process, email us at mba@amerasiaconsulting.com or contact us via http://www.amerasiaconsulting.com/contact
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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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Paul Lanzillotti | Founder| About | mba@amerasiaconsulting.com | 877.866.9251

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Stay Motivated  [#permalink]

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New post 24 Oct 2018, 15:02
FROM Amerasia MBA Blog: Stay Motivated
As the end of round two approaches, are you feeling like you’re running out of gas?  Here’s a few things you do to stay motivated and finish well.The competitive increase over the years in MBA admissions has driven even the most confident of applicants to cast a wide net when applying to top schools.  While the odds are slightly better than winning the Mega Ball, it’s still heated enough out there to get everyone a little stressed. How can you stay cool?
One thing to remember above all else is that you never know which application is going to resonate best with the adcoms.  These are real people out there reading your essays and resumes, not machines and human nature varies so widely that it’s virtually impossible to guess sometimes where your story will click in any given year.  From this perspective, every application is equally important.  When thinking that the last application is as important as the first, it will perhaps help you to muster some of that enthusiasm you had back in the summer when the whole process began.
Don’t “mail in” your effort on those last few essays.By now, you may be tempted to copy and paste something that sounded good for HBS a couple of months ago, but may not work quite as well for Cornell or NYU, whose deadlines for whatever reason fall later in the season.  Don’t let your guard down.  Take a fresh look at each and every school’s questions and seek out the subtleties which articulate what they are really asking for.  If you put a square peg in a round hole, the question never really gets answered and schools will smell it a mile away.  The last thing you want to ever to is to make a school think you don’t truly care about going there, and you are just using them as a safety or backup plan.
Time your visits strategically.Nothing will put wind in your sails like a crisp fall visit to your target school.  If you can time your visit to coincide with the window in which you plan to work on that school’s admissions package, you will likely achieve a much better result than you would if you cranked them out before your visits.  If you did have to visit schools outside this window, you have hopefully been putting your applications on ice, so you can tweak them after you have visited.  You can also go visit schools again.  There’s no law against two visits to the same school, and you are guaranteed to learn or see something new each time you go.
Take a beat and remember why you are doing this.Recapturing the foundational drive which propelled you to go back for your MBA in the first place can often be the spark which stokes the fire once again.  Try to hang on to this core motivation and put the same spit and polish on those last few schools that you would have if you had done them first. 
To find out more about your options and how we can guide your business school application process, email us at mba@amerasiaconsulting.com or contact us via http://www.amerasiaconsulting.com/contact
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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

_________________


Paul Lanzillotti | Founder| About | mba@amerasiaconsulting.com | 877.866.9251

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Drinking from the Fire Hose  [#permalink]

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New post 30 Oct 2018, 08:02
FROM Amerasia MBA Blog: Drinking from the Fire Hose
If you have never heard the phrase “drinking from a fire hose” in the context of getting your MBA, you will. It’s perhaps the best comparison for how intense it can be. Right now, you’re probably more worried about getting into b-school than you are about managing b-school, but as you prepare your applications, it’s a good idea to go ahead and begin thinking about this phenomenon.
Being ready to handle rigorous, quantitative analysis is paramount.One reason why b-schools like to see good quant scores on the GMAT is because they don’t want you to be miserable in their program. While you will receive support from colleagues and professors, there is simply not enough time to slow the pace of the coursework down to let students catch up. If you are at all worried about your ability to dive in and quickly assimilate your math skills, I highly recommend you bone up over the next year by taking refresher courses at a local community college or online (hint: go for the in-person class if you can, as it will better help you get back in the saddle than online will).
Classes in b-school move very quickly and you cover voluminous amounts of information in a very condensed timeframe. Schools like Fuqua and others even cram two “mini-mesters” into each semester, which gives you literally half the time in a class as you might have in other graduate programs, or like you had as an undergraduate student. There’s nothing more uncomfortable than being the only one in the room who doesn’t understand something and the pressure to avoid outing yourself as that person is palpable. Do yourself a favor and arrive ready.
But it’s not just the academics that challenge you in an MBA program.You will hear it over and over, but time management is critical to success in any MBA program. Schools expect their MBA students to take a very active roll outside the classroom and run all the various clubs and organizations. They will expect you to carry the same extracurricular load which was carried by others before you, examples of which include mock interviews for classmates, hosting guest speakers, running the annual golf tournament or leading trips-in-cities events. You could literally spend your entire week in outside activities, so managing time in and out of the classroom will determine your ultimate success.
Additionally, companies will descend upon you practically from day one. Most MBA students interview for and accept their summer internship offer within six-eight weeks of landing on campus. This means you are dressing up and attending company presentations on almost a nightly basis from your very arrival on campus. In the next post, we’ll address this gauntlet in more detail.
To find out more about your options and how we can guide your business school application process, email us at mba@amerasiaconsulting.com or contact us via http://www.amerasiaconsulting.com/contact
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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

_________________


Paul Lanzillotti | Founder| About | mba@amerasiaconsulting.com | 877.866.9251

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Download "How To Apply" Guides | INSEAD | Columbia | Harvard | Wharton

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The Gauntlet  [#permalink]

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New post 31 Oct 2018, 19:01
FROM Amerasia MBA Blog: The Gauntlet
An often under-reported trial of business school is the period during the first six weeks of classes known as the Gauntlet.  This is when companies descend upon the campus like vultures, trying to woo internship candidates.  You must be ready, or else…Most b-school applicants are so thrilled to start their MBA classes that they don’t realize how quickly the offers for summer internships start rolling in.  Literally from the very first week of classes, top business schools play host to dozens and dozens of companies whose corporate recruiters swoop in with free beer, free food, and more SWAG than an insurance convention.
One important tip for handling the Gauntlet is to have an idea of what you want to do with the rest of your life.You only get one shot at an internship, so choosing something in the same area (or even with the exact company) you hope to land in after you graduate is critical.  If you start business school with little or no idea about what you want to do, you will inevitably get sucked up into the tornado of opportunities and quickly become disoriented.  Plus, you simply cannot go to each and every corporate presentation.  There’s just not enough time in the week.  Remember the warning about drinking from the fire hose?  Your main focus is your education, so you must balance your evenings with company dinners, corporate presentations and group projects, not to mention the studying.
In addition to arriving with a plan in mind, make sure you also have a nice suit.This is a tip that is often overlooked, since b-school students will wear very casual clothing to class.  Before you even begin your program, get fitted with a fine set of clothes, both business formal and business casual, because you will not only be attending these corporate presentations, but you will also very soon be interviewing for your actual internship opportunity.  And there won’t be time to go to the mall!
To find out more about your options and how we can guide your business school application process, email us at mba@amerasiaconsulting.com or contact us via http://www.amerasiaconsulting.com/contact
 
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Paul Lanzillotti | Founder| About | mba@amerasiaconsulting.com | 877.866.9251

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What's Up with the Bonus Sections of the GMAT?  [#permalink]

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New post 14 Nov 2018, 18:02
FROM Amerasia MBA Blog: What's Up with the Bonus Sections of the GMAT?
With a fairly consistent test format for more than fifty years, the Graduate Management Admissions Council finally revamped the GMAT several years ago with a couple of assessment changes. Do they even matter?The Integrated Reasoning Section, a 30-minute portion of the GMAT made up of 12 questions, was designed to measure one’s ability to discern patterns and combine verbal and quantitative reasoning so solve problems. While the admissions committees at top schools seem to continue focusing on the traditional verbal and quantitative score combination (out of a possible 800), we may see an emphasis shift towards these new sections in the future (which also include a 30-minute writing analysis of a topic), since the skills they measure are critical to today’s business leaders. As for now, however, schools remain focused on the core 800 score.
Making sound decisions in business is perhaps the most important skill for the global business person in today’s marketplace. Even though they are often confronted with incomplete information, MBA professionals are still required to make choices on a daily basis which can impact organizations around the world. While the quantitative and verbal sections of the GMAT do a good job of measuring and predicting how students are likely to perform in business school, the fact that these sections separately measure these attributes, they are not necessarily a good indicator of how someone will combine these skills to make sound decisions.
The Integrated Reasoning section measures these skills in a format which requires test takers to quickly assimilate information from a variety of sources and evaluate that information to discern the correct answers. We can probably all agree that bringing complex ideas together and analyzing data in a variety of formats are necessary to succeed in today’s technology and data-driven global marketplace.
It was a massive survey of 740 business school faculty worldwide which resulted in the list of skills this section of the GMAT was designed to test. These faculty identified the most important skills they thought today’s matriculating students needed to possess as they embarked upon the next phase of their business careers. Over time, as the admissions committees and rankings boards come to share the view that these skills are important, the Integrated Reasoning score will provide a new measure for adcoms to find candidates who are the right fit for their programs, and it will also provide another way for you as an applicant to stand out .
In the meantime, if you happen to score well on this section of the GMAT, you may need to highlight your results to the adcoms yourself. Until the Integrated Reasoning section of the GMAT catches on in the admissions process, at the very least, you can rest assured the time spent preparing for this section and the extent to which you can develop your skillset in this area will only help you navigate a challenging business school curriculum. It may just help you shine on the job in your chosen post MBA career as well.
To find out more about your options and how we can guide your business school application process, email us at mba@amerasiaconsulting.com or contact us via http://www.amerasiaconsulting.com/contact

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Paul Lanzillotti | Founder| About | mba@amerasiaconsulting.com | 877.866.9251

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Playing the MBA Yield Game  [#permalink]

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New post 19 Nov 2018, 12:01
FROM Amerasia MBA Blog: Playing the MBA Yield Game
Business schools are a business.  They have budgets, revenue, expenses and most importantly, a target for the number of students they take into the program.  This time of year, the game is afoot. Will you be a beneficiary or a casualty of the yield game?It’s no secret that schools admit more students into their programs than they have space for, but the actual formula is a black box.  Especially at top schools, there is a fairly reliable percentage of students who say yes to the kind offer of admission, but on the margin, this number becomes tricky for schools to manage. 
The job of admissions director is not an enviable one, because if they admit too many, or if the yield is high, there’s literally no room for all those extra students in the program.  If hey admit too few, or if the yield is low in any given year, there are empty seats, and lost revenue.  Of course schools are non-profit (at least the legitimate ones are), so while there is no lost shareholder value, having a less than optimal class size can rob the program of necessary funding to make the budget work.
The best way to take advantage of the yield game is simply to submit the best version of your application that you can.  But this sounds easier than it is. Being competitive, compelling, interesting, impressive, and all those other positive adjectives will essentially make you attractive enough so they want to have you in their class.  Do you know what they’re looking for? Even if you don’t have the highest GMAT score, you want to polish up your story and couch your experience in a way that stands out.  Are you prepared to do this on your own?
This is precisely why your communication and writing is so important.  Having a message that resonates with the adcoms can consistently put you in the “yes” pile.  Once you are there, it’s up to you, not them.  Schools do not change their mind.  From the most qualified to the “barely in the door” applicants, everyone either says yes or no to their offer of admission.  Even if the school is not clamoring over you with fellowship or scholarship offers, just getting a yes from them will put you in the driver’s seat.  Let us help you position your story in a way that increases these odds.  That’s essentially exactly what we’re here for!
To find out more about your options and how we can guide your business school application process, email us at mba@amerasiaconsulting.com or contact us via http://www.amerasiaconsulting.com/contact
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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

_________________


Paul Lanzillotti | Founder| About | mba@amerasiaconsulting.com | 877.866.9251

Schedule a Consultation | Twitter | Blog

Download "How To Apply" Guides | INSEAD | Columbia | Harvard | Wharton

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MBA Interview Basics  [#permalink]

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New post 20 Nov 2018, 11:02
FROM Amerasia MBA Blog: MBA Interview Basics
 
It’s a great time of the year to express gratitude, so if you’re one of the lucky few to be invited for an MBA interview, be thankful.  Are you ready?The most important thing to remember when interviewing for a slot in an MBA program is to be yourself.  Schools are mostly looking to diversify their incoming class with a wide variety of individuals and there is nobody just like you. There are however, other people who may appear to be similar to you at first glance.  For this reason, a good exercise when trying to be yourself is to think about what differentiates you from others from a similar background or experience base.  Sure, you might be “just another banker,” but there are probably other things in your personal or professional life which make you unique.
Personal is the key word here.Don’t just position your story from a professional angle, which increases the odds of sounding like someone else, but rather include personal details from your life which nobody else can likely mimic.  You are the collective experiences of your entire life, not just what you have done for a living.  It’s the personal details which will add the herbs and spices to your career experience and provide a perspective that is at least in some way, different from anyone else’s.
Another basic process to remember in any MBA interview is to focus on how your uniqueness is a perfect fit for your target school’s offering.   Schools like to understand that their offering and your offering will dovetail together in a happy, symbiotic mesh.  When students are happy, they do well and when they do well, the school benefits.  Don’t just research a school’s website; also go on a visit or chat with alumni to get a really deep view of how they operate, their personality traits and their culture.  If you show up with a very thoughtful view of why you think you would fit well within a school, you will make a lasting impression.
Speaking of lasting impressions, the other basic rule of thumb for MBA interviewing is to be courteous.  This encompasses everything from dressing appropriately, to being on time, to being courteous when answering questions and being respectful.  Also, make sure you follow up with a thank you note, either via email or snail mail, to remind your interviewer of your appreciation and also perhaps, of how you demonstrated a good fit!
To find out more about your options and how we can guide your business school application process, email us at mba@amerasiaconsulting.com or contact us via http://www.amerasiaconsulting.com/contact
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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

_________________


Paul Lanzillotti | Founder| About | mba@amerasiaconsulting.com | 877.866.9251

Schedule a Consultation | Twitter | Blog

Download "How To Apply" Guides | INSEAD | Columbia | Harvard | Wharton

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