Last visit was: 19 Nov 2025, 11:07 It is currently 19 Nov 2025, 11:07
Close
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Close
Request Expert Reply
Confirm Cancel
User avatar
mbaMissionJenK
User avatar
mbaMission Admissions Consultant
Joined: 25 Apr 2013
Last visit: 19 Dec 2022
Posts: 4,446
Own Kudos:
Given Kudos: 1
Expert
Expert reply
Posts: 4,446
Kudos: 338
Kudos
Add Kudos
Bookmarks
Bookmark this Post
User avatar
mbaMissionJenK
User avatar
mbaMission Admissions Consultant
Joined: 25 Apr 2013
Last visit: 19 Dec 2022
Posts: 4,446
Own Kudos:
Given Kudos: 1
Expert
Expert reply
Posts: 4,446
Kudos: 338
Kudos
Add Kudos
Bookmarks
Bookmark this Post
User avatar
mbaMissionJenK
User avatar
mbaMission Admissions Consultant
Joined: 25 Apr 2013
Last visit: 19 Dec 2022
Posts: 4,446
Own Kudos:
Given Kudos: 1
Expert
Expert reply
Posts: 4,446
Kudos: 338
Kudos
Add Kudos
Bookmarks
Bookmark this Post
User avatar
mbaMissionJenK
User avatar
mbaMission Admissions Consultant
Joined: 25 Apr 2013
Last visit: 19 Dec 2022
Posts: 4,446
Own Kudos:
Given Kudos: 1
Expert
Expert reply
Posts: 4,446
Kudos: 338
Kudos
Add Kudos
Bookmarks
Bookmark this Post
FROM mbaMission Blog: Top-Paying MBA Programs: The Highest Post-MBA Salaries Among 2024 Graduates
The path to an MBA tends to be a demanding and expensive one. The MBA programs of top-ranked U.S. business schools come with a hefty price tag, not to mention the intensive workload that students navigate throughout their education. For many aspiring MBAs, the end result is what makes it all worthwhile: MBAs are known to earn notably high salaries, starting immediately after graduation. The average post-graduation salaries at all top-ranked business schools are high, but which schools offer the most lucrative financial prospects?

Generally, graduates of top-ranked business schools can expect an average base salary totaling upward of $150,000. For the Class of 2024, graduates of the Stanford Graduate School of Business (GSB) full-time MBA program had the highest average base salary: $187,504. Many of the schools comparable to the GSB reported median salaries instead of average for the Class of 2024—for example, Harvard Business School, the University of Chicago Booth School of Business, Columbia Business School, and the Wharton School of the University of Pennsylvania all reported a median starting salary of $175,000. Out of the schools that reported average salaries, the MIT Sloan School of Management was the closest to the GSB, with an average starting salary of $169,370.

Business schools that typically rank a bit lower but still within the top 20 also often report average starting salaries of $150,000 or higher from their graduates. At Emory University’s Goizueta Business School, the Class of 2024 entered the workforce with an average starting salary of $153,868—comparable to such schools as the McCombs School of Business at the University of Texas at Austin and the Tepper School of Business at Carnegie Mellon University, where 2024 graduates reported average starting salaries of $151,178 and $151,215, respectively.

Earning an MBA requires notable dedication of time, energy, and finances. However, the return on investment on an MBA from a top-ranked school is often remarkable as well. Whether you are a career changer or plan to stick to the field you were in prior to your studies, the career opportunities that an MBA offers are significant and may very well make the whole journey worthwhile. For more in-depth perspectives on how to maximize your MBA experience, check out the mbaMission OnTrack application platform.

Salary data: Schools’ employment reports.
This Blog post was imported into the forum automatically. We hope you found it helpful. Please use the Kudos button if you did, or please PM/DM me if you found it disruptive and I will take care of it. -BB
User avatar
mbaMissionJenK
User avatar
mbaMission Admissions Consultant
Joined: 25 Apr 2013
Last visit: 19 Dec 2022
Posts: 4,446
Own Kudos:
Given Kudos: 1
Expert
Expert reply
Posts: 4,446
Kudos: 338
Kudos
Add Kudos
Bookmarks
Bookmark this Post
FROM mbaMission Blog: How to Assess and Fortify Your Academic Record for MBA Applications
As you contemplate your MBA candidacy, you might wonder, “Is my academic record strong enough to get me accepted to my target programs?”

For context, admissions committees evaluate your academic record because it is an important predictor of your ability to handle the rigors of an MBA program. Standardized testing is another essential component in this evaluation, but in this post, we focus on the academic record from your undergraduate studies and any other graduate programs you have already pursued.

So, where should you start with your assessment? First, check your overall (or cumulative) undergraduate GPA. Compare this to the average GPA of your target program’s most recently accepted class. To find this information, check each school’s class profile on its website.

If your GPA is above the program’s average, you should be fine, but you still need to review your transcript in detail to check for anomalies. As you do, ask yourself the following questions:

[*]Did I receive a failing grade—or a D grade—in any courses? [/*]

[*]Do I have only a small number of quantitative courses on my transcript? (Typically, these are math and statistics courses but can also include finance, economics, and accounting classes.) [/*]

[*]Did my GPA drop significantly in any individual term? [/*]

[*]Do I have multiple “withdrawals” on my transcript? [/*]

[*]Did I transfer schools? [/*]
[/list]

If you answered “yes” to any of these questions, you will most likely want to explain the issue in an optional essay. You might also want to consider pursuing supplemental pre-MBA coursework to close any gaps, even if your GPA is above average.

If you answered “no” to all these questions as you evaluated your transcript, and your GPA is above average, congratulations! The admissions committee should view your academic record positively. Although the caliber of your undergraduate university and the rigor of your major will both play a role to some degree, the top MBA programs accept applicants from a wide range of universities and majors, so neither of these factors will likely be a significant hindrance on its own. You can now move on to preparing other aspects of your applications!

If, however, your GPA is below the average for your target program(s), the degree to which this will affect your odds of acceptance depends on how far below the average it is. At most leading U.S. business schools, having a GPA under 3.3 (out of 4.0) will make your acceptance odds much more challenging. If you fall into this category, you should reflect even more deeply on your educational background using the following questions:

[*]Did I struggle with certain types of courses? [/*]

[*]Did I perform better in the courses for my major? [/*]

[*]Did I have a rough start in my first year? [/*]

[*]Did I perform better after switching my major? [/*]

[*]Did I check out early in my final year? [/*]

[*]Did my low grades coincide with other events (e.g., heavy extracurricular activities, health problems, family troubles, other personal issues)? [/*]

[*]Was I distracted by working to pay my tuition or fulfilling demanding athletic commitments? [/*]

[*]Was I lacking maturity? [/*]
[/list]

The purpose of this reflection is not to create excuses but rather to heighten your awareness about factors that negatively affected your academic record. After pinpointing the relevant issues, you can then make an action plan to mitigate them. For most applicants, this plan includes a combination of the following tactics:

[*]Invest more time preparing for standardized testing, because achieving an above-average test score is the best way to offset a weak academic record.[/*]

[*]Take supplemental pre-MBA courses and get A grades in them! [/*]

[*]Pursue a well-recognized professional certification (e.g., CPA, CFA Charter, Six Sigma). [/*]

[*]Write an optional essay (download our free Optional Essays Guide).[/*]

[*]Secure a supplemental reference letter (e.g., from an academic advisor).[/*]

[*]Wait to apply until you have gained additional work experience to demonstrate increased maturity.[/*]

[*]Use your resume to highlight your quantitative skills, and ask your recommenders to emphasize these skills as well.[/*]

[*]Adjust your list of target schools or apply to more safety schools.[/*]
[/list]

A well-balanced mix of these strategies should help you proactively address any weaknesses in your academic record.

We also want to address some special considerations for three specific groups of MBA applicants.

First, if you have already earned a graduate degree (e.g., Master’s in Management, Master’s in Engineering), that degree is also part of your academic record. Although making class average comparisons for master’s program GPAs is more difficult, having a weak GPA could still be a hurdle. On the other hand, a strong master’s program GPA can offer a nice boost to your academic profile. Most business schools ask you to list all undergraduate and graduate institutions you have attended, so if you started a master’s program but did not complete it, you will still need to include this information in your application and explain the situation in an optional essay.

Second, if you are an international candidate, your GPA might not be on the standard U.S. 4.0 scale. WES (World Education Services) can “translate” your transcript, but be aware that this is merely directional; it is neither a perfect translation nor required by business schools. Also, carefully review the English language requirements for your target MBA programs, because you might need to take an English proficiency exam (e.g., TOEFL, IELTS, Duolingo).

Third, if you were ever put on academic probation, involved in an academic or disciplinary hearing, or dismissed from a school, you must be up-front about the situation and carefully craft an optional essay to explain the circumstances. These kinds of academic violations can be a significant concern for admissions committees. Depending on the severity of the issue(s), you might choose to consult legal counsel.

To summarize, we encounter many MBA applicants who think that admissions committees will pay little attention to weak areas of their academic records. Or they think that simply not bringing attention to them is better. But trust us; these issues will not go unnoticed! Your best strategy is to be self-aware and proactively address any concerns the admissions committee could have about your academic record. Make good use of that optional essay!

If you would like targeted guidance on how your academic record could affect your competitiveness for business school, simply sign up for a free 30-minute consultation with an mbaMission admissions expert.
This Blog post was imported into the forum automatically. We hope you found it helpful. Please use the Kudos button if you did, or please PM/DM me if you found it disruptive and I will take care of it. -BB
User avatar
mbaMissionJenK
User avatar
mbaMission Admissions Consultant
Joined: 25 Apr 2013
Last visit: 19 Dec 2022
Posts: 4,446
Own Kudos:
Given Kudos: 1
Expert
Expert reply
Posts: 4,446
Kudos: 338
Kudos
Add Kudos
Bookmarks
Bookmark this Post
FROM mbaMission Blog: EMBA versus MBA: Know the Differences
So, you are thinking about getting a master of business administration (MBA). Are you aware that you have multiple options for earning such a degree? In this post, we will compare two different options you might consider—a full-time MBA and an executive MBA (EMBA)—to help you determine which one might be “right” for you.

First, let us provide a little background. According to the AACSB (Association to Advance Collegiate Schools of Business), more than 277,000 peopleenroll in MBA programs each year. Of that total, EMBA students represent just over 15%.

Although what you will learn is similar across both types of programs, certain other characteristics differ, including students’ level of professional experience, the time required to complete the program, and how the program is designed. Most applicants to full-time MBA programs would not be great candidates for an EMBA program and vice versa. In this post, we will discuss the primary differences between full-time MBA programs and EMBA programs, including how applicants vary for each program.

MBAEMBALocationFixedFluid (relative)Commitment2 years1–2 yearsFixed CohortYesYesEmployed During ProgramNoYesYears of Work Experience4–610–15Management ExperiencePreferredMandatoryFitting for Career ChangersYesNo

Full-Time MBA Programs

Generally speaking, full-time MBA programs are best suited for applicants who have four to six years of work experience. The bulk of these students are working professionals who typically fall between the ages of 25 and 30. Younger and older candidates therefore need to make a good case in their application as to why now is the right time for them to enroll in an MBA program. Most full-time MBA candidates do not have much management experience, if any, which is exactly why they want to attend business school, and many want to leverage the MBA to change careers.

Most full-time MBA programs span two academic years, beginning in August and continuing through May, when the full-time students begin their summer internships. The second year of the full-time MBA program starts in late summer, with students graduating the following May. In full-time MBA programs, students tend to begin and end their business education with the same cohort. The demands of a full-time MBA program mean that students must leave their jobs so they can dedicate themselves fully to their advanced business courses and extracurriculars within the school’s community. The all-encompassing nature of the traditional MBA program helps students build strong bonds with their classmates, establishing a network that can extend for many years beyond graduation.

Typically, students in full-time MBA programs attend classes in a fixed location for two academic years. Full-time students at Columbia Business School (CBS) can choose between two intake options for its MBA program: August entry or January term (J-term). In total, CBS welcomes approximately 900 students per class, just under 700 of whom arrive in August, while the other 200 or so arrive in January. The school’s August-entry MBA students follow the traditional timeline of taking classes across two academic years and completing a summer internship in between. January-entry students take spring and summer semester classes and then join the August-entry students to complete the second year of the MBA program. J-term students do not complete a summer internship, so prospective students for this option tend to come from family businesses or have career goals that can be achieved without needing an internship to provide them with experience.

Some business administration degree programs in the United States and abroad offer accelerated programs, including NYU Stern, Cornell Johnson, Northwestern Kellogg, and INSEAD. Another unique option is Wharton’s San Francisco program, in which 70 second-year MBA students travel to the West Coast for a semester. There, the students’ learning extends beyond the classroom to include networking events, connections with entrepreneurs, and internship opportunities.

EMBA Programs

Most EMBA candidates are working professionals with advanced levels of experience. Even though they are essentially pursuing the same degree as full-time MBA students do, they already possess notable management skills and leadership skills. Many EMBA programs specify how many years of work prospective students must have (usually at least ten) and want candidates to have demonstrated management experience. A good number of EMBA candidates have served in some kind of elevated professional role, such as executive director. The average age of EMBA students is higher than that of full-time MBA students; most are in their late 30s. EMBA students remain fully employed during their studies and typically want to remain within their current industry. Although earning an EMBA rarely leads to a career change, it typically results in career growth. In fact, in certain industries, attending an EMBA program might be required for someone to reach the next level of management at their firm.

EMBA programs often use a cohort format, in which all the students in a single class begin and end the program together. However, programs can vary greatly in terms of length, location, and graduation requirements. In some programs, EMBA candidates attend classes in the same location throughout the program. Wharton, for instance, offers a 24-month EMBA program at both its Philadelphia and San Francisco campuses, with students attending alternate Friday and Saturday classes, in addition to several extended sessions. Wharton also has a global MBA program, in which students attend synchronous and virtual classes every other weekend, plus eight in-person residencies in Philadelphia, San Francisco, and locations around the globe. In recent years, globally focused EMBA programs have become increasingly popular, with some offering students the opportunity to study in a foreign city. Since the pandemic, many schools have made virtual learning a part of their programs. UCLA, for instance, has a “blended biweekly” EMBA program, in which executive MBA students take courses for their MBA degree both on campus and via Zoom.

The prospect of being able to continue working as an EMBA student is attractive to many EMBA program applicants. Not only can EMBA students maintain their income while attending school, but they can also put what they learn in the classroom immediately into practice, rather than having to wait until they are EMBA graduates.

Comparing EMBA and MBA Curricula

So what is the difference between MBA and EMBA programs in terms of what students learn? The business education one receives is largely very similar, but a lot depends on what the candidate wants to gain from the experience. Many of the applicants to both types of programs did not major in business as undergrads and are therefore looking for the graduate program to provide them with crucial skills in foundational areas, including marketing, finance, operations, and strategy. Many full-time MBA and EMBA programs offer a “core” curriculum that builds students’ business knowledge base through a roster of required courses.

The courses students choose to complement the core curriculum largely depend on the students’ post-MBA goals. Full-time MBA students are more likely to be career changers, so they often take elective courses that will enhance their understanding of topics crucial to their new target role or industry. EMBA students focus on classes meant to deepen their grasp of topics related to their current careers. For example, an EMBA student working in brand management at a consumer products company who hopes to oversee a roster of brands after business school might look into marketing offerings and courses on new technologies at play in the space. A full-time MBA student hoping to move into brand management might take more foundational coursework in this study area. At some schools, such as Wharton, full-time students must declare a major, whereas EMBA students do not. Wharton states that its EMBA students can customize their courses based on their “professional interests and goals.”

As you consider the pros and cons of the two programs, be assured that you will have opportunities to enhance your management and leadership skills no matter which path you take. EMBA candidates who already have management experience might want to take on greater team responsibility and oversight post-MBA, while full-time MBA students might need a few more years to gain management experience. The EMBA student might therefore be more focused on such opportunities, while the full-time MBA student might be more focused on generalized learning.

The Communities at EMBA and MBA Programs

At full-time MBA programs, the experience is often all-encompassing. Much of your time is spent on campus, either taking classes or participating in extracurricular activities related to professional associations and personal interest clubs. You have a constant stream of social events to choose from, including happy hours and volunteering opportunities within the MBA program and wide-ranging opportunities within the city or town in which the MBA program is based. At some schools, students tend to all live in generally the same apartment buildings and socialize together on weekends. The goal of cultivating such a close-knit MBA community is to facilitate the formation of deep connections among students so that they have a strong network once they graduate and reenter the “real world.”

EMBA programs have the same networking goals for their students, but achieving them takes a bit more effort. Since EMBA students are not on campus day in and day out, and most do not live near the school they are attending—let alone in the same building—their bonding opportunities tend to be much more intense. For instance, many students who attend Wharton’s EMBA program on its San Francisco campus stay in the same hotel when they have classes, which makes meeting up with classmates easy, whether that is to work on group projects or simply grab dinner or drinks. And because EMBA students do not have the kind of access to clubs and associations that full-time MBA students do, they must make an independent effort to seek out classmates with similar backgrounds and interests. An advantage that students in EMBA programs enjoy is that they have a greater likelihood of truly getting to know their classmates well, because the executive MBA class size is typically smaller.

Cost Considerations

Attending business school is expensive any way you look at it, but when comparing the costs of these two types of graduate programs, you will quickly learn that EMBA programs tend to be a bit pricier. One reason for this is that EMBA programs run year-round, with no break during the summer months. The total estimated cost for UCLA Anderson’s two-year full-time MBA program is approximately $177,732, whereas the school’s EMBA program costs roughly $192,720. Neither of these figures includes housing, food, transportation, books/course materials, or personal expenses. Also worth noting is that some EMBA students have their business education sponsored by their company. In those cases, the cost pressures are far less for the sponsored candidates.

If you would like to discuss your profile in more detail or receive targeted guidance on your MBA or EMBA plans or application, sign up for a free 30-minute consultation with an experienced mbaMission consultant.
This Blog post was imported into the forum automatically. We hope you found it helpful. Please use the Kudos button if you did, or please PM/DM me if you found it disruptive and I will take care of it. -BB
   1  ...  179   180   181