GMATT73 wrote:
flapjack wrote:
Are we supposed to already have advanced knowledge of accounting and finance when we arrive at business school?
Depends on the school. But in a nutshell, we should be at least somewhat literate in the two. Here is the cheapest possible way to prepare:
1. MBA math.com
2. "The 10 day MBA"
3. The Sloan link mentioned above.
Not having any knowledge of (1) Accounting (2) Stats (3) Micoecon and (4) Finance will REALLY make that first year difficult.
According to a friend at a top 20 b-school, "not having the basic knowledge equates to about 2~3 hours of sleep a night; understanding the basics gets you a couple extra hours of rest."
Seriously, if you have never cracked an accounting text before, I strongly suggest you start now.
I have a couple of slightly off-topic questions. In undergrad, I took some business courses (business law, marketing, MIS, accounting, management), and I've taken macro-economics at a community college before going to undergrad. However, at college, I took a micro class and I didn't do too hot in it. In order to make myself more appealing to admissions, should I retake micro via extension?