More business schools are accepting both the GRE and the GMAT, so which test should an MBA applicant take? A lot of factors go into the decision. MBA applicants are stumped. They don't know which of the entrance exams—the Graduate Management Admission Test (GMAT) or the Graduate Record Examination (GRE)—will better serve them and increase their chances of getting into a top-tier business school. The schools that have agreed to accept both exams are toeing the line and saying that either score should be fine.
"Good people always manage to shine whether they take the GMAT or GRE," says Rod Garcia, director of MBA admissions at the MIT Sloan School of Management (Sloan Full-Time MBA Profile), which was among the first B-schools to accept both tests. But admissions consultants, who help aspiring MBAs prepare their applications, are not so sure that's the case. They're advising their clients a bit differently than you'd expect. This business school version of the Coke-or-Pepsi debate is raging everywhere—from the BusinessWeek.com Business School Forum to B-school campuses around the world."It's the wonderful, natural competition of two companies trying to get greater shares of the test market," says Rosemaria Martinelli, associate dean of student recruitment and admissions at University of Chicago's Booth School of Business (Booth Full-Time MBA Profile).
Test-Service Rivalry
Admissions directors and counselors alike are keeping a close eye on the unfolding soap opera in which Educational Testing Service, the publisher of the GRE, is trying to win over schools and give the Graduate Management Admission Council, which administers the GMAT, a run for its money after it's had a virtual monopoly on the graduate business school admissions market for many years. More than 250 business schools, including Harvard Business School (Harvard Full-Time MBA Profile), the Stanford Graduate School of Business (Stanford Full-Time MBA Profile), and University of Pennsylvania's Wharton School (Wharton Full-Time MBA Profile), have agreed to accept either GRE or GMAT scores from applicants. So, what's an MBA applicant to do? Here are some questions you might want to ask yourself to determine whether the GRE or the GMAT is your best bet: How do the business schools that interest you feel about the two tests? For now, some top-30 schools have decided against accepting the GRE in addition to the GMAT.
As a result, one of the first steps for applicants who are trying to decide which exam to take is to determine if the schools that interest them permit GRE scores. For instance, the Booth School has no plans to accept the GRE in the near future. Martinelli explains that the school has a long history with the GMAT, and the admissions committee knows exactly what GMAT scores mean and how to compare them from student to student and year to year. In addition, the GMAT provides security that gives business schools assurance that the person taking the exam is the one whose name is on the application. "The issues of quality and security in a competitive environment are important to me as an admissions professional," says Martinelli.
After all, she adds, the MBA is valuable and opens doors to a lot of people. "People will do anything to get into top-tier schools," says Martinelli. GMAC recently won a lawsuit against Scoretop, a U.S.-based Web site that sold questions that appeared on the GMAT exam and has begun cracking down on similar sites in China. Many admissions counselors seem to believe that the GMAT holds more weight with admissions committees, even if that's not what admissions directors are saying. Although the material covered in the GMAT and GRE is similar, there are profound differences between the tests. For starters, the GRE does not include data sufficiency questions, which ask the test-taker to determine if a statement contains enough information to solve the problem. Such questions play a major role in the GMAT.
The GRE includes more geometry and the verbal sections ask different types of questions, says Chad Troutwine, co-founder and CEO of Veritas Prep in Malibu, Calif. (Veritas Prep has quietly been tutoring GRE test-takers every year, but it primarily offers GMAT preparation courses and admissions counseling.) In general, Troutwine says, the GRE is not taken as seriously as the GMAT in the B-school world. He tells clients to take the GMAT unless they are applying to other graduate programs that require the GRE. "If you can take on the challenge of what may be a slightly more demanding exam, the score will have more value," says Troutwine. In what demographic do you fall? The GRE traditionally attracts a younger group of test-takers than the GMAT. With a price tag about $100 less than the GMAT's and testing available in more geographic regions, the GRE is more accessible. That fact is not lost on business school leaders, who realize that by accepting the GRE they're making a graduate business degree a real possibility for a larger group of people. Many undergrads take the test fresh out of college just in case they decide to apply to a master's program or because they're unsure of what to do with the rest of their lives. The test scores are good for five years, which makes it possible to use the scores after a few years of work experience, which is when many people apply to MBA programs.
On the one hand, business schools are attracted to this demographic because it helps schools diversify their applicant pool and reach younger female applicants, many of whom opt to forgo B-school and start families in their mid to late 20s, when most people apply to business programs. On the other hand, one of the major obstacles that trips up many a B-school applicant is lack of a clear career path and an explanation for the role an MBA will play in those plans. "We are not interested in students who just want a graduate degree," says Sherry Wallace, director of MBA admissions at UNC Kenan-Flagler Business School (Kenan-Flagler Full-Time MBA Profile). "We want those students who make a rational decision about earning the MBA." Kenan-Flagler has no plans to accept the GRE in the near future. How will you perform on each exam? Your business school application is meant to provide proof to schools that you will succeed and make a significant contribution should you matriculate and graduate from that program.
The standardized test scores are usually used in tandem with GPA and other academic records to determine whether you can handle the rigor of a particular MBA program. Having a high score on the standardized test, especially if your GPA is lackluster, is a necessity for admission to top-tier programs. Admissions consultant Linda Abraham suggests applicants take practice tests to see on which test they'll score better. Their goal, she adds, should be the 85th percentile or higher on at least one of the tests. Indeed, Kaplan Test Prep agrees that you should work with your strengths. "If you have a liberal arts degree—and your background is in education or writing or the arts, and you're much stronger in vocabulary than in probability and statistics—there's a reasonable chance you'll do better on the GRE, which is more heavily focused on vocabulary than the GMAT," according to an e-mail from Kaplan spokesperson Carina Wong.
What are your post-MBA plans? Recruiters from investment banks and management consulting firms continue to rely on GMAT scores when considering job applicants. If those fields are the ones you hope to enter, you should take the GMAT, say experts.When do you plan to apply to business school? If your answer to that question is "in the next few years," then the GRE and GMAT may be on more even footing with admissions committees by then. Kenan-Flagler's Wallace believes the GRE will continue to gain traction at graduate business schools as more schools accept it. "The future is already here," she says. "More schools are using the exams interchangeably and the marketing of both exams will be increasing, as we're already seeing." But if your answer is "this year or next," then the GMAT is almost certainly the best choice. It is considered by many to be a rigorous, well-respected exam that provides a clear link between achievement on the test and success in business school, something the GRE can't claim, at least not yet.
Graham Richmond, co-founder and CEO of Clear Admit, a Philadelphia admissions consultant, says less than 10% of his clients have taken only the GRE to apply to business school. "The GMAT is still the gold standard," adds Richmond. He has been telling clients to take the GMAT, unless they are dual-degree candidates who are applying to graduate schools that require the GRE. Jose Ferreira, founder and CEO of Knewton test prep in New York, also weighs in on the side of the GMAT. "Schools don't really want to see GRE scores," says Ferreira, whose company offers GMAT prep only. "They'll accept your GREs just in case you're the next Steve Jobs. The problem is that you're not the next Steve Jobs, so all you've done by submitting GREs is taken an easier and less relevant exam."
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It is just one month to CAT 2009 now. The D-Day for all serious aspirants is just 30 days away. Though there is little doubt that CAT is the most important exam for you all and the most coveted MBA institutes are the IIMs, but there are many other MBA entrance exams which are of equal importance for the admission in equally important and top MBA institutes such as XLRI, FMS, IIFT, SIBM to name a few.
In this article way2college.com will give you the list of exams which you should keep in your mind and not miss out. Be it the registration or the exam date. Read on to know the important dates.
Registration deadlines
* FMS 2010: The registration for the entrance exam for Faculty of Management Studies (FMS), New Delhi started on Monday, October 5, 2009 and the last date for the same is Friday, November 20, 2009. The exam will be held on Sunday, January 10, 2010.
* SNAP 2009: SNAP is the common entrance exam for all the Symbiosis institutes. The registration for the same had started from Monday, August 24, 2009. The last date for registration is Friday, November 27, 2009. The exam will be held on Sunday, December 20
* MAT December 2009: MAT, the MBA entrance exam organized by AIMA is held four times a year. The sale of the registration vouchers will end on Monday, November 9, 2009. The last date for registration is Saturday, November 12, 2009. The MAT December 2009 exam will be held on Sunday, December 6 for the paper pencil mode. The computer based exam will start from Saturday, December 12 onwards.
* NMAT 2010: The registration for the entrance exam for Narsee Monjee Institute of Management Studies (NMIMS) has started from October 27. The last date for registration is Sunday, December 6, 2009. NMAT 2010 will be online test which will be held in a window of 10 days, from Saturday, January 30, 2010 to Monday, February 8, 2010.
* IBSAT 2009: The registration for the entrance exam of the ICFAI Business School is ongoing and it will end on Saturday, December 12, 2009. IBSAT 2009 will be held on Sunday, December 27, 2009.
Approaching Exam Dates:
The exam dates which are approaching are as follows:
* IIFT 2009: The entrance exam for Indian Institute of Foreign Trade (IIFT), New Delhi and Kolkata will be held on Sunday, November 22, 2009.
* IRMA 2009: The entrance exam for the Institute of Rural Management, Anand, Gujarat will be held on Sunday, November 8, 2009.
* JMET 2010: The entrance exam for the MBA institutes of IITs will be held on Sunday, December 13, 2009.
* MAT December 2009: MAT December 2009 will be held on Sunday, December 6, 2009 for the paper pencil based test and the computer based test will be held from Saturday, December 12 onwards.
As a serious MBA aspirant you should keep all these important dates in your mind. Don’t miss out any registration deadline and be prepared for the MBA entrance exams which are approaching.
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Hi, My name is Jagdeesh. I am from Bangalore. I have completed my B.tech (Civil) from MVJ College of Engineering. Since, my studies in schools, i have thought of becoming a Civil Engineer and construct some useful constructions to the country. This adds to the career of my brother, as he is also an civil engineer. So, I have shaped up my career in that way. In this way, from my childhood itself I have got no other opinion except to study Engineering. When thought of studying engineering I had got many options, but I had joined MVJ College of Engineering |  |
As, i said earlier, my decision to study Civil Engineering dates back to my studies in my school. I realized that I had some passion towards civil engineering and opted to shape my career that way. I request today’s students, to work hard and not to waste the time. Work hard and achieve your dreams
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There could be good news on the horizon for those who are pursuing their MBA degrees. With stimulus funds extending the small business loan program in the Small Business Association (SBA), some analysts are viewing this as a sign of economic recovery for 2010. Businesses in the Dallas area have experienced an increase in lending opportunities, according to the Fort Worth Business Press. The SBA's local office is ranked second in the country in terms of lending, falling only behind Los Angeles, which is a much larger office, according to the news source.
Greg Clarkson, executive vice president of the SBA lending group at BBVA Compass, feels that loans coupled with employee and client trust will help fuel the nation's recovery. "It will take confidence in employees, consumers, employers and also in the lenders to be able to fuel this economic recovery," Clarkson told the news provider. "If any of those groups has a lower confidence level at any time it’s just going to prolong the recovery."
Even if small businesses experience a turnaround, it may be a good idea to pursue an MBA degree, as many companies will only be looking for the highest qualified employees.
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Click on College Name for more details
1. Indian Institute of Management (Ahmedabad)
2. Indian Institute of Management (Lucknow)
3. Indian Institute of Management (Kolkata)
4. Indian Institute of Management (Kozhikode)
5. Indian Institute of Management (Indore)
6. Indian Institute of Management (Bangalore)
7. Faculty of Management Studies, Delhi University (FMS)(New Delhi)
8. Jamnalal Bajaj Institute of Management Studies (Mumbai)
9. Xavier Labour Research Institute (XLRI) (Jamshedpur)
10. SP Jain Institute of Management & Research (Mumbai)
Top 10 MBA colleges in India 2010
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How does an MBA fit into the Media and Entertainment industry? GEMS B School answers that with qualifying authority as it aims to bridge the acute shortage of managers with necessary industry knowledge and orientation. Facilitating a unique convergence of media and management, GEMS B School's MBA in Media and Entertainment is a 2 year full time MBA built with premium content from global players like CNBC TV 18, Harvard Business Publications and 24x7 Learning.
Being supported by the Network 18 Company, the program covers the world of television, film, music, radio(FM), live events management, and offers special insight into the India Premiere League (IPL) allowing students to better understand the strong connection between management and media.
Rightfully so, as the Indian entertainment industry is poised to grow from Rs58,000 crore to Rs1,05,200 crore by 2013, a course specifically catering to the industry comes at an appropriate hour. This opens up various opportunities for talented youth in India.
The programme offered at GEMS B SCHOOL is a UGC-recognised MBA from Annamalai University. The programme will be delivered by faculty members from IIMs across India and other top B-schools. Guest lecturers from the media industry will be visiting the campus on a regular basis allowing the students to gain some much-required industry perspective.
The school comes under the umbrella of the Mysore Maharaja Institute of Higher Education whose chief patron is Sri Srikantadutta Narasimha Raja Wadiyar, MA, LLB.
The school's academic advisor is professor Chambi Puranik, former dean of KSOU and former acting vice chancellor of Mysore University. Apart from the respectable academic banner, the industry partnership is also well sorted out, just so the students know they are in good hands.
For this purpose, the programme is supported by Network 18,the country's largest and most versatile media house which offers channels like CNN IBN, CNBC, Nickelodeon, Network 18, IBN 7, MTV, VH1, Colors, Forbes, E18, Studio 18, Home Shop 18, Info media 18 and Support 18.
The full time five-days-a-week two years programme will be conducted at GEMS B School campus located amidst sylvan surroundings in the heart of the city very close to the Bangalore Palace. In the first year, students will internalise general management subjects like Management Process and Organisation, Organisational Structure and Behaviour, Business Communication, Financial Accounting, Quantitative Techniques, Business Law, Marketing Management, Managerial Economics, Financial Management and Strategic Management.
In the second year, students will focus on media related subjects like Media Management, Media Business, Sound Production and Music Industry Management, Event Management and Stage Production, Film and TV Production and Programming Management.
The 2 year programme also facilitates opportunities for internships and placements with any one of the Network 18 group of companies like CNN IBN, CNBC, MTV, VH1, Colors, Nickelodeon, Studio 18, Forbes India or the others.
The course has limited seats and is open to only 40 students. Admissions are currently open and students can join the course by filling an application form and paying the first installment fee. The classes will commence from the first week of January.
As the entertainment industry requires computer savvy individuals, every student will be provided with a laptop at the commencement of the course. The fee structure for the programme is affordable and payable in seven installments. On campus hostel accommodation is available for both boys and girls.
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