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10 Sep 2008, 15:13
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The question on the thread was about benefits of being a GMAT teacher, who better to reply than actual GMAT teachers! Of course we're going to be "insiders". I am also speaking generally of love for GMAT teaching. My experience comes from Kaplan, so that is what I can provide more insight on, but my statements about why teach are general-- the rewarding opportunity to teach and help students, plus make some money while doing it. That applies to any company you might work for.
Since there are continued questions about pay though I would need to point out, as a current GMAT teacher, that I have an MBA and am perfectly content with my teaching pay. Kaplan does not have a standard rate, and many teachers do make what other companies talk about, up to $100/hr, and it's not limited, it's based on your experience and student feedback. That policy may be different from past years. Obviously as someone who is doing it, I wouldn't speak up about enjoying it if I wasn't satisfied with the financial incentive component. However that said, I would say that most teachers I know are less focused on the $$, and most focused on their enjoyment of teaching.
-One who truly loves teaching and encourages all to try it (no matter what company you teach for!!)
Since there are continued questions about pay though I would need to point out, as a current GMAT teacher, that I have an MBA and am perfectly content with my teaching pay. Kaplan does not have a standard rate, and many teachers do make what other companies talk about, up to $100/hr, and it's not limited, it's based on your experience and student feedback. That policy may be different from past years. Obviously as someone who is doing it, I wouldn't speak up about enjoying it if I wasn't satisfied with the financial incentive component. However that said, I would say that most teachers I know are less focused on the $$, and most focused on their enjoyment of teaching.
-One who truly loves teaching and encourages all to try it (no matter what company you teach for!!)
10 Sep 2008, 17:09
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I was referring specifically to your Kaplan-love rather than GMAT teaching-love in general.
I don't think people who really love teaching generally work for "companies", nor do they probably get all that much out of teaching test preparation, but maybe I'm wrong.
But your point remains, it can be a way to earn some extra cash (albeit not very much at Kaplan) doing something that is more rewarding than waiting tables.
I don't think people who really love teaching generally work for "companies", nor do they probably get all that much out of teaching test preparation, but maybe I'm wrong.
But your point remains, it can be a way to earn some extra cash (albeit not very much at Kaplan) doing something that is more rewarding than waiting tables.
13 Sep 2008, 20:03
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Cougar - I think the first paragraph was about teaching in general, and the disclosure of teaching for Kaplan GMAT was for credibility that the post is written from someone that is/was ACTUALLY a tutor/instructor. The second paragraph is certainly pro-kaplan. My question was intended more as a general question of GMAT teaching in general; however, I did wonder about MGMAT. It seems that MGMAT requires their instructors to have an MBA from a top school. If a teacher at MGMAT can get a even a part-time load, like paid for 30 hours a week at $100 / hr, that's $3k a week, $150k a year. Not bad starting pay considering 30 hours of class time for someone like this should be about a total of 50 hours a week. 50 hrs a week total time spent for $150k a year job is really good. My only thing is that getting the top-level MBA doesn't really make sense for my particular situation.
I like Kaplan in general. In my honest opinion, it's better for test takers to use multiple sources of study material. Kaplan + MGMAT + OG + GMATClub + PowerScore CR Bible, etc. This gives the test taker multiple viewpoints from which to approach the exam. I wonder why Kaplan pays their tutors so little. I guess it is the fact that Kaplan doesn't charge as much for their services as other places. It is certainly a trade off. If they paid $50 / hr they'd certainly have to charge more of their students, but then their students should/could also expect more from their instructors. Kaplan wouldn't be able to have as mnay students because fewer students would pay the prices required of $50/hr instructors which shows why MGMAT has so few offices. They're not going to get enough students in some of the smaller cities, where Kaplan charges less will get a higher number of students in smaller locations because they charge less. But again, it's a trade-off. The instructors might not be as good because the expectations can't be as high if they're only paying $15-$20 / hr. MGMAT can require an MBA from a top-level school if they start out paying $100/hr.
As an attorney, I'm definitely in this for more than just the money because I can make more than $15 - $20 / hr by picking up a few family law cases or preparing some wills for people aside from my full time job. I enjoy teaching and going the extra mile to help someone understand a concept or become better prepared for the GMAT which I believe is evident when people read my explanations to some of the questions on here.
Thank you to all that have responded to this question. I "passed" the audition stage and have the interview stage for Kaplan this week. I'll keep everyone informed as to how it goes and what my decision is if offered a position.
I like Kaplan in general. In my honest opinion, it's better for test takers to use multiple sources of study material. Kaplan + MGMAT + OG + GMATClub + PowerScore CR Bible, etc. This gives the test taker multiple viewpoints from which to approach the exam. I wonder why Kaplan pays their tutors so little. I guess it is the fact that Kaplan doesn't charge as much for their services as other places. It is certainly a trade off. If they paid $50 / hr they'd certainly have to charge more of their students, but then their students should/could also expect more from their instructors. Kaplan wouldn't be able to have as mnay students because fewer students would pay the prices required of $50/hr instructors which shows why MGMAT has so few offices. They're not going to get enough students in some of the smaller cities, where Kaplan charges less will get a higher number of students in smaller locations because they charge less. But again, it's a trade-off. The instructors might not be as good because the expectations can't be as high if they're only paying $15-$20 / hr. MGMAT can require an MBA from a top-level school if they start out paying $100/hr.
As an attorney, I'm definitely in this for more than just the money because I can make more than $15 - $20 / hr by picking up a few family law cases or preparing some wills for people aside from my full time job. I enjoy teaching and going the extra mile to help someone understand a concept or become better prepared for the GMAT which I believe is evident when people read my explanations to some of the questions on here.
Thank you to all that have responded to this question. I "passed" the audition stage and have the interview stage for Kaplan this week. I'll keep everyone informed as to how it goes and what my decision is if offered a position.
jkedro
