GMAT (Graduate Management Admission Test)
(pronounced G-MAT)
-an exam that helps business schools assess students’ academic abilities to succeed in business school. The test is in a computer adaptive test (CAT) format. Business schools use this test  as a standardized way of assessing individuals globally who come from different backgrounds and have attended schools with different grading systems. The test is administered in English and costs $250 globally.

Your scores (yes there are several different ones) on the GMAT are only part of the admissions decision for business school. Given the intense work required to prepare a business school application, it is a good idea to reach your target GMAT score in as little time as possible so that you can focus on your extracurricular activities and essays.

TEST STRUCTURE

Part I: Analytical Writing Assessment (AWA) – [2 Essays, 60 minutes]
   A. Analysis of an Argument (30 minutes)
   B. Analysis of an Issue (30 minutes)

5 min break

Part II: Quantitative Section (37 questions, 75 minutes)
    A. Problem Solving (23 or 24)
    B. Data Sufficiency (13 or 14)

5 min break  

Part III: Verbal Section (41 questions, 75 minutes)
   A. Critical Reasoning (14 or 15)
   B. Reading Comprehension(4 passages, 12-14)
   C. Sentence Correction (14 or 15)

How does the Computer-Adaptive Format of the test work for the Verbal and Quant sections?

The Computer-Adaptive Test (CAT) is unfamiliar to most people. It helps to understand how it works, but don’t get too bogged down on the details.  The test is administered at testing centers throughout the world. Just visit www.mba.com to register for the one nearest you at your earliest convenience.

• The Verbal and Quant sections are multiple choice
• Each section starts with a medium-level question
  • If you answer correctly, your next question is harder
  • If you answer incorrectlym, your next question is easier
• The computer will keep adjusting to find an accurate assessment of your ability level in that subject area
• Every test contains trial multiple-choice questions that are being pretested. From a scoring perspective, they do not count. However, it is impossible to identify them.

Lots of students get stressed out when they see an “easy” GMAT question, thinking they just got the previous one wrong. You should not be focusing on these little details because they can detract from your psychological stamina during the exam. What you should be focused on is getting whatever question is thrown at you correct and moving on to the next one in a timely manner.

The # of questions you answer correctly out of 37 Q questions is translated onto a Quant raw score of 51, weighted on level of difficulty and other statistical characteristics of each question.

Likewise, the # of questions you answer correctly out of 41 V questions is translated onto a Verbal raw score of 51, weighted on level of difficulty and other statistical characteristics of each question.

Is the essay pencil and paper or is it also on computer?
You type your essays. And yes, you can cut-and-paste.

How many years can I use my GMAT score?
Your scores on the GMAT are valid for 5 years.If you are currently taking tests (you are in school), then it might be a good idea to take the test soon rather than wait until you are in the working world–even if you are not sure about business school. If you take the exam multiple times, business schools will see all of your scores for the last 5 years.

How should I study?
You should first take a look at the GMATPrep Free Software. Sign up for a login and download the program, which consists of used GMAT questions that are about as close to the real thing as you can get!

Many prep programs exist. Lots of them charge $1,500 and I’ve even seen some that charge $10k. But don’t be fooled. Exorbitant prices don’t necessarily mean a better study resource for you. You should assess how best you learn. If you you don’t feel like paying the premium for somebody’s time (as in tutoring or a prep course) then these options may not be for you. 

The GMAT preparation experience does not have to be a stressful one. Look for the study strategy that works for you— taking into consideration time, price, and approach. This is important as it’ll help you get the GMAT out of the way so you can spend time on your extracurricular activities!

One particular study method that is pretty innovative and is suitable for today’s visually-inclined young professionals is the GMAT Pill. They specialize in sentence correction at the moment and give specific techniques that help you pinpoint key words as you read a test question. If sentence correction is your weakness, it’s worth the money to use this method and have the confidence to dominate the sentence correction part of the GMAT.

There are a variety of free resources you should take advantage of as well. Just do a quick google search and you’ll find plenty. Finding free questions is easy, but you probably won’t find much free quality material when it comes to teaching you how to answer questions effectively.

Technorati Tags: business school, essays, gmat, how to study, mba, quantitative, tutoring, verbal, what is gmat

Although things are just now recovering, the world money crisis has still managed to change the way we think. Not anymore are the geniuses of investment banking praised as the best entrepreneurs our society’s best and brightest can aspire to, and the primary thinking behind much recent economic policy is being heavily questioned.

And here comes another query: has the classic idea of business degrees gone away? I’m here to say that the answer is a perfect no. In essence, the exact contrary has occurred.

Why People Need Business Degrees Again

The market of the MBA and Wall Street geniuses haven’t suddenly gone out the window, but they have unequivocally been brought down by the finance crisis. No longer are they the only options for the young bright graduates. People are beginning to consider classic online business degrees once again.

In the past, if you wanted to earn a lucrative living for yourself, you didn’t just go and start a company. You moved to New York or London. You started day trading. You worked with obscure percentages that had no connection to the market, because they’d been "derived" so many times that it took 20 PhDs to understand them.

Returning to Proper Business

But now, is that the road you want to take, still the path that the young, smart worker will take? Not really. In fact, we’re going to notice a big increase in business degree interest–small-to-medium sized business, for example. So this is the best period to get in on the ground floor.

Our best thinkers, the very same people who would historically–if hedge fund management hadn’t come along–go on to found successful enterprises after their education, they’ve all recently finished a range of investment-oriented degrees that are no longer perfect fits in a financial system that has no jobs for them.

Why A Recession Means It’s The Best Time to Be In Business

In essence, there has never been a more opportunity-filled period to be getting a business degree. There have been safer times, of course, but if you think back to the post-1920s depression, many of America’s most robust, durable organizations came out of the fundamental ‘where do we go from here’-type thinking of that decade.

So: if you’ve been mulling over a business degree, don’t hang around until everyone is brimming with energy and the market is once again overloaded with graduates. Layoffs have been at record highs for some time. Literally tens of thousands of people, very qualified people, have no jobs. You can have access to a better workforce than ever before.

What the Eventual Recovery Will Depend On (Hint: It Has Something to do With You)

When the economic recovery comes, it’s going to depend primarily on the strength of real people doing actual work, not just engineering numbers designed to earn ridiculous amounts of cash.

Get going: you’re already reading about the probabilities of a business degree. Look some more. There’s never been a more opportune moment. The market isn’t going to be low forever, and when it soon jumps back up, you want to be in the ideal place to profit from the benefits of your business. Look for your degree, get to work, and make your living!

Technorati Tags: business degree information, business degrees, education online, online business degrees

The American public understands that a university education is one surefire route to ultimate financial success. Reports from the Commerce Department’s U.S. Census Bureau estimate that recipients of master’s degrees earn $1.3 million more during their lifetime than those who have only received high school diplomas. So while it is indeed true that some of the wealthiest people alive do not hold campus college degrees (Bill Gates and Steve Jobs are both online college dropouts!), the rest of us mere mortals might feel compelled to earn a online college degree to guarantee a steady annual income. And as American families are living through one of the nation’s most financially tumultuous periods, parents know that providing their children with superior higher level educations will help cushion their futures. Prospective students are turning to websites like www.alleducationsites.com to find out what online college have to offer.
Guaranteeing today generation’s academic success translates to added stress in an already stress-laden economic landscape. As high school seniors draft online college applications and weigh out their options with guidance counselors, many have to eliminate costly private schools and public universities with hefty out-of-state tuitions from their “top pick” lists. While prospective campus college prospective students may have once had their sights set on a particular school for its unique degree programs or social reputation, many are finding that their choices are considerably more limited. High school students who have spent years earning good marks and participating in extracurricular activities might not be able to even consider attending tony private schools in desirable metropolitan areas, where annual tuition and housing expenses can exceed $40,000.
Furthermore, students already enrolled in online college are finding it harder to make ends meet due to rising costs in tuition and living expenses. “I decided to attend fashion school in New York City, figuring that the networking opportunities would translate to more money in my future,” says a first-year campus college student, Julie Finger*. “But the cost of living and going to school in Manhattan is very expensive. I am hoping that getting part time work will help ease the financial burden on my family.”
Adding to the overall anxiety, families are now limited in their choices of private student loan lenders. The U.S. Department of Education grants funding to online students through colleges or private student loan companies. The subprime mortgage crisis has affected the nation’s largest private lenders, like Sallie Mae and Bank of America, who now face cutbacks on resources. Many other private education lenders have ceased to participate in the government’s guaranteed student loan program entirely, according to findaid.org. Federal loans such as PLUS loans can be easier to obtain than private loans, and enable families to borrow money with lower interest rates. By filling out the Free Application for Federal Student Aid (FAFSA), prospective students can find out about their eligibility regarding different types of federal financial aid.
prospective students must take it upon themselves to visit financial aid offices at individual university, and have their family’s financial situation fully evaluated. If a student’s financial situation calls for increased assistance, financial aid offices can provide students with valuable advice. Financial aid officers are well versed in the myriad financial aid options available to students and will help customize a plan to meet a student’s particular needs. Many opportunities to obtain scholarships are available, and federal grants can provide prospective students with supplementary funds they need to remain financially afloat.
college administrators are also going to have to take a new look at how their budgets are being allocated. A recent study done by the Delta Cost Project shows that enrollment costs have risen while there was no major increase in the quality of degree programs. Many campus college are allotting large sums of money toward school construction projects or research initiatives, and perhaps this might be a time to slow big-budget undertakings. Fortunately, many university officials around the country recognize that change is rapidly approaching, and they must rise to the occasion to meet prospective students’ needs: “We’re looking internally at our own budgets to see what we may be able to do in terms of providing additional assistance to students under various situations,” Jon Riester of Hanover campus college recently told The New York Times. On top of that, campus college are open to changing their educational formats to meet students’ evolving demands. colleges such as Arizona State University and George Washington University have added online education options, enabling prospective students to avoid high costs of living on campus.
Overhauls will have to be made both by campus colleges themselves and in governmental policy during this time of crisis. Because while many American families are tightening their budgets and scaling back their standards of living, the nation’s desire for educationwill not be squandered.
*Student’s name has been changed to protect privacy.

Technorati Tags: career advancement, career advice, college degrees, financial aid, higher education. distance learning, online education, student financing

The American public understands that a college education is one surefire route to ultimate financial success. Reports from the Commerce Department’s U.S. Census Bureau estimate that recipients of master’s degrees earn $1.3 million more during their lifetime than those who have only received high school diplomas. So while it is indeed true that some of the wealthiest people alive do not hold university degrees (Bill Gates and Steve Jobs are both college dropouts!), the rest of us mere mortals might feel compelled to earn a college degree to guarantee a steady annual income. And as American families are living through one of the nation’s most financially tumultuous periods, parents know that providing their children with superior higher level educations will help cushion their futures. Prospective prospective students are turning to websites like www.alleducationsites.com to find out what online university have to offer.
But alas, guaranteeing the current generation’s academic success translates to added stress in an already stress-laden economic landscape. As high school seniors draft college applications and weigh out their options with guidance counselors, many have to eliminate costly private university and public colleges with hefty out-of-state tuitions from their “top pick” lists. While prospective college prospective students may have once had their sights set on a particular school for its unique degree programs or social reputation, many are finding that their choices are considerably more limited. Recent graduates who have spent years earning high grades and participating in extracurricular activities might not be able to even consider attending tony private schools in desirable metropolitan areas, where annual tuition and housing costs can exceed $40,000.
Furthermore, prospective students already enrolled in college are finding it harder to make ends meet due to rising costs in tuition and living expenses. “I decided to attend fashion school in New York City, figuring that the networking opportunities would translate to more money in my future,” says a first-year online college student, Julie Finger*. “But the cost of living and going to school in Manhattan is very expensive. I’m hoping that getting a part time job will help ease the financial burden on my family.”
Adding to the overall anxiety, families are now limited in their choices of private student loan lenders. The U.S. Department of Education grants loans to prospective students through colleges or private companies. The subprime mortgage crisis has affected the nation’s largest private lenders, like Sallie Mae and Bank of America, who now face cutbacks on resources. Numerous private education loan companies have stopped participating in the government’s guaranteed student loan program , according to findaid.org. Federal loans such as PLUS loans can be easier to obtain than private loans, and enable families to borrow money with lower interest rates. By filling out the Free Application for Federal Student Aid (FAFSA), students can find out about their eligibility regarding different types of federal financial aid.
students must take it upon themselves to visit financial aid offices at individual campus collegel, and have their family’s financial situation fully evaluated. If it is determined that a student’s financial situation calls for increased assistance, financial aid offices can provide prospective students with valuable advice. Financial aid officers are well versed in the myriad financial aid options available to prospective students and will help customize a plan to meet a student’s particular needs. Many opportunities to obtain scholarships are available, and federal grants can provide prospective students with supplementary funds they need to remain financially afloat.
campus collegel administrators are also going to have to take a new look at how their budgets are being allocated. A recent report done by the Delta Cost Project shows that enrollment costs to prospective students have risen while there was no noticable increase in the quality of academic programs. Many campus collegel are allotting large sums of money toward school construction projects or research initiatives, and perhaps this might be a time to slow big-budget undertakings. Fortunately, many university officials around the country recognize that change is rapidly approaching, and they must rise to the occasion to meet prospective students’ needs: “We’re looking internally at our own budgets to see what we may be able to do in terms of providing additional assistance to students under various situations,” Jon Riester of Hanover college recently told The New York Times. Additionally, some universities are open to adjusting their educational formats to meet prospective students’ evolving demands. colleges such as Arizona State University and George Washington University have added online education options, enabling students to avoid high costs of living on campus.
Overhauls will have to be made both by colleges themselves and in governmental policy during this time of crisis. Because while many American families are tightening their budgets and scaling back their standards of living, the nation’s desire for universitywill not be squandered.
*Name has been changed to protect privacy.

Technorati Tags: career advancement, career advice, college degrees, financial aid, higher education. distance learning, online education, student financing

The American public understands that a university education is one surefire route to ultimate financial success. Reports from the Commerce Department’s U.S. Census Bureau estimate that recipients of master’s degrees earn $1.3 million more during their lifetime than those who have only received high school diplomas. So while it is indeed true that some of the wealthiest people alive do not hold online college degrees (Bill Gates and Steve Jobs are both online college dropouts!), the rest of us mere mortals might feel compelled to earn a campus collegel degree to guarantee a steady annual income. And as American families are living through one of the nation’s most financially tumultuous periods, parents know that providing their children with superior higher level educations will help cushion their futures. Prospective students are turning to websites like www.alleducationsites.com to find out what online online college have to offer.
But alas, guaranteeing the current generation’s academic success translates to added stress in an already stress-laden economic landscape. As high school seniors draft college applications and weigh out their options with guidance counselors, many have to eliminate costly private college and public colleges with hefty out-of-state tuitions from their “top pick” lists. While prospective university students may have once had their sights set on a particular school for its unique degree programs or social reputation, many are finding that their choices are considerably more limited. Soon to be graduates who have spent years earning good marks and participating in extracurricular activities might not be able to even consider attending tony private schools in desirable metropolitan areas, where annual tuition and housing fees can exceed $40,000.
Furthermore, prospective students already enrolled in online college are finding it harder to make ends meet due to rising costs in tuition and living expenses. “I decided to attend fashion school in New York City, figuring that the networking opportunities would translate to more money in my future,” says a first-year campus collegel student, Julie Finger*. “But the cost of living and going to school in Manhattan is very expensive. I’m hoping that getting a part time job will help ease the financial burden on my family.”
Adding to the overall anxiety, families are now limited in their choices of private student loan lenders. The U.S. Department of Education grants funding to online students through colleges or private student loan companies. The subprime mortgage crisis has affected the nation’s largest private lenders, like Sallie Mae and Bank of America, who now face cutbacks on resources. Many other private education lenders have ceased to participate in the government’s guaranteed student loan program entirely, according to findaid.org. Federal loans such as PLUS loans can be easier to obtain than private loans, and enable families to borrow money with lower interest rates. By filling out the Free Application for Federal Student Aid (FAFSA), prospective students can find out about their eligibility regarding different types of federal financial aid.
prospective students must take it upon themselves to visit financial aid offices at individual university, and have their family’s financial situation fully evaluated. If a student’s financial situation calls for increased assistance, financial aid offices can provide students with valuable advice. Financial aid officers are well versed in the myriad financial aid options available to students and will help customize a plan to meet a student’s particular needs. Many opportunities to obtain scholarships are available, and federal grants can provide prospective students with supplementary funds they need to remain financially afloat.
online college administrators are also going to have to take a new look at how their budgets are being allocated. A recent report by the Delta Cost Project found that costs to students have increased while there was no measurable increase in quality of academic programs. Many university are allotting large sums of money toward school construction projects or research initiatives, and perhaps this might be a time to slow big-budget undertakings. Fortunately, many university officials around the country recognize that change is rapidly approaching, and they must rise to the occasion to meet students’ needs: “We’re looking internally at our own budgets to see what we may be able to do in terms of providing additional assistance to students under various situations,” Jon Riester of Hanover college recently told The New York Times. However, some universitys are now open to adjusting their educational formats to meet prospective students’ evolving demands. online colleges such as Arizona State University and George Washington University have added online education options, enabling prospective students to avoid high costs of living on campus.
Overhauls will have to be made both by online colleges themselves and in governmental policy during this time of crisis. Because while many American families are tightening their budgets and scaling back their standards of living, the nation’s desire for higher educationwill not be squandered.
*Student’s name has been changed to protect privacy.

Technorati Tags: career advancement, career advice, college degrees, distance learning, financial aid, online education, student financing

Posessing  a college business degree will absolutely increase your job opportunities and earning opportunities. There are many various programs that can be pursued and combined. The options shown below are the most common business school offerings.

Accounting

With the increase of new corporate accounting laws in the United States, accounting degrees are in demand. There are some different types of accountants: Certified Public Accountant (CPA), Certified Management Accountant (CMA), and Certified Internal Auditor (CIA) and the degree requirements vary for each. Undergraduates who choose degrees in accounting will study the aspects of managerial accounting, budget planning finance,audittaxation, and other disciplines.

Business Management

Degrees in business management can be pursued singularly or in combination with specialized studies. Undergraduates who earn business management degrees are taught to fit managers position in a wide range of entreprises. Advanced degrees can lead to high-paying jobs such as CEO and Senior Administrator.

Entrepreneurship

Entrepreneurship degrees often involve training that encompasses aspects of accounting, ethics, economics, finance, strategy, operations management, and marketing. Future graduates  who earn a degree in entrepreneurship will be equipped with the knowledge needed to organize and administrate a new company.

Finance

Finance degrees can lead to a many jobs in public and private entreprises. Job opportunities include positions as an investment banker, budget analyst, loan officer, real estate professional, financial advisor, and money market manager. Because this profession is expected to grow at a very fast rate in the last years, students who achieve a business degree in finance will definitely be easily employed.

Marketing

A degree in marketing science always goes along with business management. Students who obtain this type of degree will often also study advertising, strategy, product development, pricing, promotion, and consumer behavior.

Regardless of the route you take, you can be rest assured, that a choice in a Business degree will offer you a wide variety of skills that can be applied in a myriad of industries.

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