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Magoosh GMAT Instructor
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Stanford MBA: How to Get Into Stanford GSB
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19 Sep 2021, 17:01
19 Sep 2021, 17:01
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| FROM Magoosh Blog: Stanford MBA: How to Get Into Stanford GSB |
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You’re considering an MBA; it won’t be all too long before you come across the Stanford Graduate School of Business, universally recognized as one of the world’s premiere Graduate Schools of Business. Stanford offers three full-time degree programs: the MBA, the MSx (a compressed one-year program generally pursued by mid-career professionals), and a Ph.D. We’ll focus on the Stanford MBA in this article. Stanford MBA Profile An inordinate amount of the buzz surrounding the Stanford Graduate School of Business addresses its continually increasing selectivity. The Class of 2022 had 7324 applicants, and 436 new students were accepted. If we grind a few numbers, we see that the Stanford MBA acceptance rate is just under 6%, or just over 1 of every 16 is admitted. It is indeed a tight cut, but that ought not to discourage you when you believe you’ve got the academic chops to be a serious candidate. Total enrollment436 Median GRE score164 - 84th percentile (Q) 165 - 96th percentile (V) Median GMAT score733 - 96th percentile Median TOEFL score113 - 96th percentile Median GPA3.8 Acceptance rate6% Women47% First generation university students9% Students of Color37% International citizens35% Average work experience4.7 years Undergraduate majors
(Source: Stanford Graduate School of Business) The takeaway from this data is that you can take the Stanford GSB adcom at its word when it tells you to be yourself and to put your best foot as you see it forward. In its admissions process, the university will give you every opportunity to show how you will both contribute to the program as a student and how you will use your education, to, in the words of the university, “Change lives, change organizations, change the world.” There are a lot of ways to demonstrate these qualities in addition to strong academics. If you’ve got the stuff, they want to consider your application! Rankings Both US News and Financial Times ranked Stanford as the #1 business school of 2021, while Fortune ranked it as #2 in their 2021 Best MBA Program rankings. General Evaluation Criteria Intellectual vitality, demonstrated leadership potential, and personal qualities and contributions  What are the requirements for a Stanford MBA? At risk of repetition, if you believe you’ve got the academic capabilities and like the program, you really ought to apply. Stanford has a well-deserved reputation of being far more friendly and less competitive than many of its similarly ranked peers, and the admissions criteria reflect this approach. Stanford GSB has no preferred undergraduate curriculum and no minimum GPA. There really is no prototypical student. Furthermore, DACA recipients and undocumented students who otherwise meet the criteria are encouraged to apply. In the application process, you can show them how you shine via a number of paths: undergraduate GPA, GMAT or GRE Scores (or TOEFL scores if appropriate), examples of activities and awards, a recounting of your professional experience, and two letters of reference. Stanford GMAT Scores Stanford GSB has one of the highest average GMAT scores around; the score range of those admitted to the class of 2022 ranges from 600–790 (the 99th percentile!). Even candidates with strong scores will need some luck or some pull. See where your score falls below: Score RangeAssessmentWhat You Need 750–800The safe zoneMake sure the rest of your application is on track, and keep your fingers crossed just in case! 710–750The go-for-it zoneYou have a chance, but make sure the rest of your application is impressive, or helps round out the diversity of the class. 660–710The questionable zoneYou'll face scrutiny, so you'll have to offer something no one else is bringing (or do some serious prep to help your scores). 500–660The shot-in-the-dark zoneTo get in with this score, Stanford has to consider you exceptional. Do some serious prep, consider another test, or look at alternative schools. If your scores are in the “questionable” or “shot-in-the-dark” ranges, I highly recommend you do some serious GMAT prep (75% of the class of 2022 submitted GMAT scores) or consider the GRE as an alternative. For more information on the relative merits of the GMAT and the GRE as vehicles for admission to a top MBA program, see our GMAT vs. GRE comparison. Essays Additional parts of the application include two essays whose combined total word count is less than 1,050 words. They address two very broad topics that permit you to show Stanford what a great match you and the Graduate School of Business will be: “What matters most to you, and why?” and “Why Stanford?” Letters of Recommendation The recommendations are particularly important at Stanford; it is here that you get to shine and at the same time be reasonably humble, so choose your recommendations authors carefully – try to show your leadership / contributions to something larger than yourself here. Optional Items There are also two optional essay questions that permit you to add any information you’d like the committee to know about that did not come up elsewhere in your package. Stanford MBA Program: Curriculum, Cost, and More There are a lot of in-person and virtual admissions events that offer great opportunities to learn more about the program, and the university strongly encourages applicants to attend. The program itself is a high-end intellectual playground. The Stanford GSB faculty of 111 is chock full of Nobel Laureates, including recipients of 5 Nobel prizes for economics alone since 1990, not to mention the countless recipients of additional academic awards. These scholars are distributed across eight broadly defined academic areas – Accounting, Economics, Finance, Marketing, Operations, Information and Technology, Organizational Behavior, and Political Economy. Curriculum The Graduate School of Business operates on a quarter system. First-year MBA students typically take core courses, with one or two electives in the Winter and Spring quarters. This is typically followed by the Global Management Immersion Experience requirement–four weeks abroad with a group of 20–30 students and a professor, working in a sponsoring organization. Student may also self-design and direct an individual Global Experience. COVID has of course had an effect on this program’s recent implementation, but Stanford GSB is keeping its finger on the pulse as circumstances evolve. Second year students take almost exclusively elective courses. These courses come from the following disciplines, and at least 100 courses change year to year.
Dual Degrees One Graduate School of Business alumnus in 6 gets a joint or dual degree. While the standard JD/MBA is certainly popular, 2020’s class also included MBA graduates who combined their degrees with an MA in education, an MPP in Public Planning, as well as with Masters degrees in engineering and computers. At the Stanford Graduate School of Business, the world really is your oyster! How much does a Stanford MBA cost? Once you manage to get in, can you afford it? As is the case with all the top programs, it’s expensive. Stanford estimates the cost per year for all tuition and expenses with a “moderate” lifestyle in Palo Alto at $119,964 for a single student at $144.042 for married students. You’ll need to add between $3,000 and $4,500 for the Global Experience requirement. Here’s the good news. Once you get in, they’ll help you to get through. More than $20 million in fellowships are awarded annually. The average need-based award (that’s right, “award” – you won’t be asked to pay it back) is $80,000 spread over the two years. That’s just the beginning; there’s a load of financial aid Stanford makes available in addition to the above-mentioned fellowships. These include, but are by no means limited to, the Stanford GSB BOLD fellows fund, aimed at low-income students and/or those subject to intergenerational wealth disparities. A lot of aid is based upon race and ethnicity, and a lot is further based upon geographic origins, religious beliefs, and even veteran status and a student’s need to support family members. Other FA opportunities include fellowships and loan forgiveness for students who pursue employment in the nonprofit and public service sectors, and Stanford has a web page dedicated to referrals to external scholarships available to international students as well as to US citizens and permanent residents. Stanford GSB Employment Outcomes One is naturally inclined to ask what the ROI on this heavy investment in intellectual excellence looks like. In a word (OK, two words), it looks bright and brilliant. Stanford MBA graduates are among the most heavily recruited students, and they are recruited by the world’s most innovative organizations. Data for the class of 2020:
As a point of comparison, the mean starting salary of all 2020 MBA graduates in California was $85,331. (Source: Investopedia) Add to the above that 41% of the Stanford MBA class of 2020 got stock compensation of some sort, and 71% expect to receive a performance bonus, and the ROI looks impressive indeed. How to Get Into Stanford GSB: Takeaways The Stanford MBA is clearly an outstanding academic opportunity – indeed, a collection of outstanding academic opportunities. The hard part is getting accepted. Some common threads: Stanford Graduate School of Business likes students who are successful as a result of pursuing their passions to the fullest, as opposed to those who check off a large number of boxes as an end in itself. Community involvement is highly valued; the school offers academic programs through the Center for Social Innovation and the Public Management program, and offers loan reduction for graduates who pursue employment in this space. Stanford is not a competitive cutthroat environment, but rather a place where differences are accepted and students support each other. If you are an authentic person who’s a team player, the Stanford Graduate School of Management is a definite “must-see” during your exploration of top-notch MBA programs! The post Stanford MBA: How to Get Into Stanford GSB appeared first on Magoosh Blog — GMAT® Exam. |
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Carnegie Mellon MBA: Everything to Know Before You Apply
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20 Sep 2021, 19:01
20 Sep 2021, 19:01
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| FROM Magoosh Blog: Carnegie Mellon MBA: Everything to Know Before You Apply |
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Ah, Carnegie Mellon. The name has quite a ring to it, doesn’t it? Carnegie Mellon, located in Pittsburgh, Pennsylvania, houses the Tepper School of Business, whose full-time program is currently ranked #16 in best business schools by US News and World Report. US News ranks the part-time program as #7, and the online Carnegie Mellon MBA as #1. This means Carnegie Mellon is a very competitive business school, so if you’re considering getting a Carnegie Mellon MBA, you’ll need to be a strong candidate to get in. Tepper accepted just under 28% of the applicants for its class of 2022. You’ll want to familiarize yourself with the program before applying, which is why we’ve put together this handy guide covering what you need to know to put your best foot forward. So without further ado, let’s take a look at the ins and outs of getting into the Tepper MBA program! Carnegie Mellon MBA Class Profile First things first: let’s look at the data on who Carnegie Mellon is accepting. The most recent class profile for Tepper School of Business is for the class of 2022. Here’s a quick overview of what that class looks like, starting with Carnegie Mellon’s MBA acceptance rate: Acceptance Rate27% Class Size141 GMAT (Average)680 GMAT (Middle 80%)626-730 GPA (Average undergraduate)3.32 Average Work Experience5.4 years Women25% International Students28% U.S. Minorities48% (19% underrepresented minorities) LGBTQ6% As you can see, you’ll have to be a strong candidate to get into Carnegie Mellon, but we believe in you! Now, let’s take a look at the actual application process.  How to Apply to CMU Tepper Review Tepper’s Mission and Values At the heart of Tepper’s values is a “data-driven future” and, according the admissions department, Carnegie Mellon “prize[s] a growth mindset, an enthusiasm for collaborative approaches to problem-solving, and an openness to joining a diverse and supportive community where everyone feels free to be their full selves.” Furthermore, they note that the admissions process reflects these values, meaning they’ll be looking for you to showcase them in your application materials. To put it simply, the Carnegie Mellon admissions committee will want to see the following reflected in your application:
According to the Carnegie Mellon application instructions, the entire online application should only take about 30 minutes total to complete. Here’s what you’ll need to collect and complete to apply: Resume Admissions would like to see a 1-2 page snapshot of your education and work experience, and asks that your resume be submitted in standard 12-point font such as Times New Roman or Arial. Education requirements and transcripts CMU Tepper requires you to hold a 4-year bachelor’s degree from an accredited university in the United States or a comparable degree from a university in another country. You must also have completed a college-level calculus class with a B or higher. Finally, you will be asked to upload copies of scanned/digitized unofficial transcripts (see pointers on uploading transcripts correctly here). Official test scores Tepper accepts official scores for the GMAT, GRE, and EA (executive assessment). If you submit EA scores, you must also demonstrate extensive quantitative coursework and have STEM-related professional experience. See this pagefor instructions on requesting your scores and obtaining official school codes. Note that scores for these exams remain valid for 5 years and must be valid when you submit them. English language proficiency exam If you did not earn a bachelor’s or master’s degree from school where English was the only language of instruction, you will need to demonstrate your proficiency in English by taking the TOEFL, IELTS, or Duolingo exam and providing official scores. Again, see this page for further instruction. Essay and goals There is one standard essay prompt that the Tepper application requires: “The Tepper community is dynamic and unique. Each community member’s individual journey has shaped them into classmates who are collaborative, supportive, and inclusive. Describe how you have overcome adversity during your journey. What did you learn about yourself and how has that shaped who you are? (Maximum 350-500 words.)” You may choose to complete an optional essay providing any additional information you think is relevant to your candidacy. For example, you may wish to discuss resume gaps, the broader context of why you chose your professional recommender, the ways in which you are now a stronger candidate than when your previously applied (if you have applied before), etc. Lastly, if you’re a senior undergraduate student applying through Tepper Future Business Leaders, you must also complete an additional essay prompt. And while this isn’t an essay, per se, the online application will ask you about your professional goals upon completion of your Carnegie Mellon MBA. Professional recommendation You are only required to submit one professional recommendation to Tepper, but it should be from someone who knows you well professionally, for example, a current or former supervisor. Tepper uses the GMAC Common Letter of Recommendation (LOR), which asks your recommender a series of questions about your strengths as a candidate. Application fee A $200 fee is due at the time of online application. Just a quick word on the application fee: while $200 may seem like a hefty amount to shell out, this is actually less than most programs and is intended to encourage very serious applicants only. Also, though they’re awarded to only a very few number of students, Waiver applications for the full-time MBA program and the part-time MBAprogram are available. FYI, $200 is less than the fee at a lot of top schools, and all of the top ten other than UC Berkeley – Haas. Waivers are rare; schools are limited to 10 in any 12 month period. Supporting documentation You will have the opportunity to provide supporting documents as a part of your application, but really, if you’ve supplied everything else on this list, there’s probably not much else to submit. If you are accepted, you will be required to send your official transcripts and other official academic documents. Evaluation interview You will have the opportunity to provide supporting documents as a part of your application, but really, if you’ve supplied everything else on this list, there’s probably not much else to submit. If you are accepted, you will be required to send your official transcripts and other official academic documents. Review Special Instructions On top of your standard application, you may experience special circumstances that require additional materials and action. Examples of special circumstances include an international student applying for the part-time program, a reapplicant, or a Consortium applicant. Tepper MBA Program Overview As we noted before, among the most important of Tepper’s values is its commitment to a data-driven future. Make no mistake, CMU Tepper is a STEM MBA program. What does this mean, exactly? According to Tepper, a STEM designation reflects, “the program’s analytical, data-driven curriculum with roots in management science.” In other words, if you’re looking to earn an MBA that is highly focused on the intersection of business and technology, this program is for you. According to GMAT expert Cara Skikne, Senior Editor at Studyportals and former writer for GMAC’s BusinessBecause: [A STEM program] will have a more analytical focus than many general MBAs. You should therefore have some elements in your application that demonstrate your analytical abilities. The admissions committee would want to be comfortable that you can cope in classes.” If you feel that a STEM MBA is right for you, then the next step is to choose which Tepper MBA program is the best fit. You should consider what your home life, work load, and schedule in general look like, and choose the program you believe will best foster your academic and long-term professional success. Full-time MBA You can read more here about the Full-Time MBA; here are some of the highlights:
Tepper also offers a Part-Time Online Hybrid MBA.
Another option is the Part-Time Flex MBA.
We already touched upon this, but the Carnegie Mellon MBA is known for its STEM program. In today’s rapidly changing technological landscape, a STEM MBA will put you at the leading edge of the fintech and data driven realms of the business world. However, CMU – Tepper also has a reputation for its highly interdisciplinary curriculum. You are allowed and encouraged to take classes in Carnegie Mellon’s other six schools, all of which are also internationally renowned. This program is designed to make you as well-rounded of a leader as possible. Additionally, Tepper’s is the #1 ranked online MBA program in the United States! If you’re thinking about getting an online MBA, you’d be attending the best of the best! And finally, if you attend in-person, this program is in Pittsburgh, which is a vibrant, diverse city with plenty of fascinating history, networking opportunities, and proximity to the East Coast. Happy applying and good luck! The post Carnegie Mellon MBA: Everything to Know Before You Apply appeared first on Magoosh Blog — GMAT® Exam. |
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Emory Goizueta MBA Program: Complete Admissions Guide
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21 Sep 2021, 12:01
21 Sep 2021, 12:01
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| FROM Magoosh Blog: Emory Goizueta MBA Program: Complete Admissions Guide |
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If you’re looking for a top-ranked MBA program in the south, you’re likely considering the Gouizueta MBA. Named after the former CEO of Coca-Cola (also headquartered in Atlanta), the school has a strong track record of producing impressive executives. So what do you need to know about getting into the Emory MBA program at the Goizueta Business School? Take a look! Emory Goizueta MBA Class Profile First, let’s have a look at the basic statistics of the Emory MBA class, from average GPAs and GMAT scores to class size. Here’s a rundown of key numbers you’ll want to know. CategoryAdmission Statistic Acceptance Rate46.1% Average GMAT Score (10th-80th percentile) 640-740 Average Undergraduate GPA3.3 Entering Class Size 150-180 (Sources: Emory Gouizueta, U.S. News & World Report)  How to Get Into Emory’s MBA Program With those basic stats in mind, what else is Emory looking for in applicants? Libby Livingston, Senior Director of MBA Admissions at Emory, explains the characteristics that make for a successful Gouizueta MBA student: “Someone who is outgoing, confident and demonstrates a lot of initiative thrives in our environment. We are a small program in a very collaborative environment. We have a strong focus on leadership and encourage all students to be active and engaged and take on a leadership role. Students will grow professionally but also personally – our program will be a transformational experience for them.” So just where does the ad com look for these characteristics in potential applicants? In numerous parts of the application. Here’s what you need to know about parts of the Emory MBA application! Application The application asks for basic identification information, and also asks for you to upload your resume and scanned copies of your transcripts (official versions are required if you’re admitted). You’ll also need to upload your essays, and you have the opportunity to submit recommendations. What part of the application do the admissions officers care about most? According to Livingston, it’s all important: “We do not have a weighted application – every component of the application is important. Your academics, test scores, professional work experience, leadership along with your essays, recommendations and interview are all aspects we consider.” Essays The Gouizueta MBA application requires several essays, all combined into a single PDF and uploaded with your application. Currently, the essays are based on the following prompts:
(Source: Emory Goizueta admissions website) In addition to these written essays, you’ll also be asked to upload a video essay. According to the Gouizueta admissions website, “We enjoy getting to know you through the ‘small talk’ questions.” Finally, Goizueta provides applicants with the opportunity to include an additional essay explaining anything unusual about their application or that needs more explanation. This essay has a maximum word count of 200 words. Letter of Recommendation The Goizueta MBA program requires two letters of recommendation. The online application allows you to invite recommenders to fill out an online survey from the school or to use the GMAC Common Recommendation Form. In either case, you will need to fill in the contact information for your recommenders and invite them within the application itself Interviews Emory Goizueta conducts interviews only by invitation. These interviews may take place in-person on campus or virtually. In either case, you won’t be eligible to receive an invitation unless you’ve submitted your completed application. You can expect this interview to take around half an hour. Why choose Goizueta Business School’s MBA program? If you’re looking for small class sizes and a tight-knit environment, Goizueta might be right for you. In Livingston’s words: We are the only business school in the nation that combines a world-class business education, with the advantage of a small, intimate learning environment, and the benefits of a global, dynamic city. Our exclusive Management Practice (MP), which is a sequence of core and elective courses, integrates concepts from the classroom to the workplace. We are small by design – Goizueta has the smallest cohorts of any top 25 Full-Time US MBA program. Additionally, Atlanta is the #3 US city for Fortune 500 headquarters, and we take advantage of being located in this thriving global business city. Beyond these compelling attractions, though, what else does the Goizueta MBA program have going for it? Its curriculum is also a major selling point for potential applicants. Here’s what the school has to offer. Emory MBA Curriculum The Emory two-year MBA focuses on team-based problem solving in which groups of students use cases from the real world as the basis for their business education. The school offers extensive mentoring, from career advice and coaching to leadership skills. Furthermore, students have the opportunity to work with local businesses that the school brings in, building crucial career skills. While many students are looking for a traditional, two-year MBA program, others may be at different points in their careers and looking for a different style of continuing business education. These students are likely to find a program that appeals to them at Goizueta! The school offers the following graduate degree programs:
Takeaways: Goizueta MBA Admissions If an intimate learning environment with top-notch faculty and multiple options appeals to you, then the Goizueta MBA might be the right choice for you. How do you show the ad com that you’re the right choice for them? In Livingston’s words: “Be authentic – be yourself – do not be someone you think the Admissions Committee wants you to be. Share with us your interests beyond your professional experience – we want to get to know you personally as well. Visit campus – we offer several options – Super Saturday, Insight Days, class visits, and a women’s and diversity weekend” If you like pecans and peaches, plus being among the elite of the business community of the South’s largest economic center, then Goizueta might be the right program for you! The post Emory Goizueta MBA Program: Complete Admissions Guide appeared first on Magoosh Blog — GMAT® Exam. |
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