5 Reasons to Take the GMAT During College (or Right After)

April 5th, 2011

Most people know that your GMAT score is good for 5 years, but why else should you take the test sooner rather than later?

1. You have the time.

Sure, you’re busy now — but chances are you’ll be even busier once you’re out in the real world working 40-60+ hours a week. With that kind of schedule, it will be difficult to section off time to study for the GMAT. Also, beginning your prep now — when you know that you’ll still have ample time to retake the exam should it not go too smoothly — will allow you take the pressure off yourself on test day.

2. You’re already in the “study zone.”

It may take some practice to master complex Data Sufficiency problems and dense Reading Comprehension passages. Since you are already digesting complex information and working under pressure to complete academic tasks in college, it shouldn’t be too hard to add a little GMAT preparation to your daily studying regime. That way, it feels like just an extra class, rather than an unfamiliar burden.

3. Your math and verbal skills are fresh right now.

We hear this constantly: after several years away from day-to-day practice, it may be hard to work with formulas or remember your grammar fundamentals. Given that you had to take that last English, math or science class to fulfill your distribution requirements (if your college has those), you might as well take advantage of the skills you acquired and use them to ace the GMAT.

4. You’ll have more time later to work on other aspects of MBA applications.

This includes starting a business, volunteering, taking an extra accounting class, polishing your application essays, and more. Ever wonder how some applicants manage to volunteer, run marathons, and hold down intense jobs — all at the same time? If you have similar tendencies or ambitions, it may be helpful to get the GMAT out of the way early, so you can focus on the rest of your life later. Your extracurricular involvements will enhance your application if you decide to apply later — and they may even help you relax after stressful hours at work.

5. You’re resilient.

If you miss your goal score by 100 points, it’s normal to feel disappointed. But if you take the GMAT straight out of college, it will feel like just another grade you can improve by the end of the semester. (Don’t forget that you can take the GMAT once a month and nearly every day of the week and that your scores are good for 5 years!) If you wait until right before you apply to b-school to take the test, it might be more difficult to bounce back from a disappointing score.

MBA News Roundup: The MBA Oath, Internship Hiring, and Interpreting B-School Rankings

April 4th, 2011

Welcome to another installment of Knewton’s MBA news roundup! This week, check out articles about the new MBA oath, how to interpret b-school rankings, internship hiring for the summer, and the focus on project management in b-schools.

1. The Environmentally Friendly MBA

Dream of “mastering both sides of the equation”–that is, environmental sustainability and bottom-line profitability? Check out this article on programs that might suit you.

2. An MBA Oath?

Several hundred MBAs at Harvard pledged to refrain from “corruption, unfair competition, and business practices” that are harmful to society. Can a few words change the world? Max Anderson ’01 seems to think so.

3. Make the Most of B-School Rankings

Bombarded with contradictory advice about how to interpret rankings such as those found in U.S News and The Economist? Read what admissions experts have to say.

4. MBA Programs Focus on Project Management

B-schools now recognize that students need strategic thinking and management prowess as well as technical skill.

5. Beat The GMAT Transforms Before Our Eyes

Your favorite forum for all-things-MBA gets a makeover. Version 3 is inspired by social media and includes Facebook and Twitter-style features such as “my follow feed” and “my bookmarks.”

6. MBA Internship Hiring Shows Signs of Life

Hiring for summer internships induces a sense of “cautious optimism” among MBAs. Those looking to enter consulting should be especially pleased.

 

An Unexpected Perk of Our Union Square Office

April 4th, 2011

Front row seats to the Fourth Annual International Pillow Fight in NYC:

Things get really good at 1:05. It may look like people are just gently waving their pillows in the air, but take it from Jess’s on-the-ground video: it’s a pretty intense scene down there.

Is Business School for Lovers?

April 4th, 2011

Business school students have a reputation of being intense go-getters, set on achieving their dreams. As it turns out, those dreams aren’t limited to business. Many students in MBA programs are also going after love.

Is searching for your soulmate at b-school a good idea?

Here are a few reasons business school can be an incubator for romance — along with some words of caution.

Love Potion #1: Networking

Everyone knows that one of the most important parts of business school is “networking”: in other words, attending alcohol-enhanced social gatherings. What better way to meet the future love of your night life than by throwing back a few gin and tonics while exchanging stories about the good ol’ days at Consulting Firm X?

Reason to be cautious: There are a few potential pitfalls here. First, be sure you’re not mixing business and pleasure inappropriately; you should never be searching for a date while simultaneously trying to connect with future employers or professors. Plus, if you’re on the prowl, chances are that your classmates are too. Be careful not to step on someone else’s game — and be sure you aren’t doing the same. There’s no worse way to network than by stealing a classmate’s love interest away.

Love Potion #2: Clock’s A-Ticking

Because most b-schools look more favorably upon applicants with a few years of work experience, the average age of b-school students skews fairly high (around 27). By this point in their lives, many of your classmates are likely looking for that special someone to settle down with.

Reason to be cautious: On the flip side, the fact that your classmates are older also means they’re more likely to be married, some of them with children (or at least cats and dogs). Before you go falling in love with anyone, be sure to ask them about their relationship status (or at least stalk them on Facebook). Nobody likes a homewrecker!

Love Potion #3: You Do Everything Together

Most b-schools have sections, small groups that attend classes together, study together, plan presentations together, drink beer together, etc. Chances are, you’ll get to know these people very well — all the more opportunity for a romance to blossom.

Reason to be cautious: As we mentioned, you see these people all the time. If you start dating someone from your small group, and then break up with him or her, you better hope that it’s amicable. Word to the wise: before you start dating someone in your section, do a little old-fashioned risk-analysis.

Love Potion #4: You Share Similar Values

Most MBAs are of the work-hard, play-hard variety. You’ll be able to relate to the goals, ambitions, and experiences of many of the members of your class. Who knows: that late-night conversation about dressing up as an investment banker for Halloween might just lead to a deeper connection.

Reason to be cautious: They say “opposites attract” for a reason. It’s nice to share interests with your significant other, but its also important for partners to balance one another out. Dating someone too similar to you might eventually turn out to be a recipe for disaster. This isn’t to say that MBAs are all the same. Just be careful you’re not pulling a Narcissus.

… Happy “networking”!

EdTech Blogs We Love: Teacher Reboot Camp, The Pursuit of Technology Integration Happiness, Cool Cat Teacher

April 2nd, 2011

There are tons of thoughtful, innovative teachers out there, and luckily for us, more and more are beginning to blog about their ideas and insights. In this week’s installment of EdTech Blogs We Love, check out three awesome blogs written by teachers who are wholeheartedly embracing technology — and helping others do the same.

Teacher Reboot Camp

Written by English language instructor Shelly Terrell, Teacher Reboot Camp is an awesome resource for teachers looking for new ways to engage their students. Most recently, Shelly hosted her second annual “30 Goals Challenge,” encouraging teachers to accomplish 30 education-related goals in 30 days.

Want to complete the challenge on your own? Check out posts like:

The Pursuit of Technology Integration Happiness

Written by a former teacher and current Technology Integration Specialist, The Pursuit of Technology Integration Happiness is a great blog for teachers looking for new ed-tech resources to incorporate into the classroom. Looking to amp up your English, math, science, social studies, or elective classes? The Weekly Core Subjects Resources provides seemingly endless suggestions for websites, wikis, programs and more that will help you do just that. Be sure to download the tutorials for Web 2.0 tools as well!

Check out posts like:

Cool Cat Teacher

Cool Cat Teacher is written by Vicki Davis, a teacher and IT director from Georgia who has been blogging since 2005. The blog is a great place for teachers to learn about new ed-tech resources or engage in thoughtful discussions about the role of technology in schools. Don’t miss the “Daily Education and Technology News in Schools” posts!

Check out posts like:

MBA History Quiz

April 1st, 2011

If you’re planning on getting an MBA, don’t you think you should know a bit about the illustrious history of the degree?

Take this MBA history quiz to test your knowledge of b-school’s bygone past, then check out the answers at the bottom of the post.

1. What university established the world’s first collegiate business school?

A)    Harvard
B)    Dartmouth
C)    Oxford
D)    U. Chicago
E)    U. Penn

2. What b-school was the first to offer an Executive MBA program?

A)    Harvard Business School
B)    Stanford Graduate School of Business
C)    University of Chicago-Booth
D)    Columbia Business School
E)     MIT-Sloan

3. Two major reports condemning business school were published in 1959. Which of the following was not among the reports’ complaints?

A)    The curriculum is too narrow
B)    The professors are second-rate
C)    The GMAT isn’t comprehensive enough
D)    There isn’t enough good research being done
E)    There isn’t enough focus on ethics

4. What was the original name and acronym of the GMAT?

A)    Standardized Admissions Test for Business Administration Studies (SATBAS)
B)    Admissions Test for Graduate Study in Business (ATGSB)
C)    Business School Admissions Test (BSAT)
D)    The Hardest Exam Ever (THEE)
E)    It’s always been the GMAT

5. What university offered the first accredited online MBA program?

A)     Aspen University Online
B)     University of Phoenix
C)     Monroe College
D)     Penn State
E)     Kaplan University

 

Answers and Explanations:

1. What university established the world’s first collegiate business school?

E) U. Penn.

The Wharton Business School at the University of Pennsylvania, founded in 1881, was the first collegiate business school in the world. Wharton was followed closely by U. Chicago’s Booth (1898), Dartmouth’s Tuck (1900), and Harvard Business School (1908).

2. What university was the first to offer an Executive MBA program?

C) U. Chicago

While Executive MBA’s are commonplace now, U. Chicago’s program was revolutionary in 1943.

3. Which of the following was not among the 1959 reports’ complaints?

C) The GMAT isn’t comprehensive enough.

Think criticisms of b-school are merely a product of our cynical age? Think again. Back in 1959, two big reports condemning MBA programs were published: the “Higher Education for Business” by Robert Aaron Gordon and James Edwin Howell and the Carnegie Foundation’s “The Education of American Businessmen: A Study of University-College Programmes in Business Administration”, by Frank Pierson. The “Gordon-Howell” report, as it came to be known, was especially scathing. Read this Economist article for more details on their criticisms, and the ways in which b-schools went on to change. The reports didn’t mention the GMAT, but that was probably because it wasn’t called the GMAT back then (spoiler alert for next answer) and because the test wasn’t nearly as widespread as it is now.

4. What was the original name and acronym of the GMAT?

B) Admissions Test for Graduate Study in Business (ATGSB)

The ATGSB was developed by the Education Testing Service (ETS) and first offered in 1954. In 1976 the test was renamed as the GMAT, a slightly easier acronym — but still not quite as good as The Hardest Exam Ever!

5. What university offered the first accredited online MBA program?

A) Aspen University Online

Way back in 1987, Aspen University Online led the way with the first accredited online MBA program. Now, of course, there are a plethora of nationally and regionally accredited online MBA programs to choose from.

10 Apps We're Into

April 1st, 2011

Recently, we asked a few members of our team a simple question:

What’s an app or program you can’t live without?

Here’s a sampling of ten apps and programs considered must-haves by members of our team. Stay tuned for other favorites in future posts!

Launchy

Recommended by: Kyle, Content Team

Launchy is a free open source application launcher that lets you open programs with just a few keystrokes — without worrying about your start menu, desktop icons, or file manager. Launchy works on Windows.

Cozi

Recommended by: Nina, Marketing/Biz Dev Team

Cozi is a free online organizer that helps families coordinate schedules, share memories, make lists, and keep up with appointments. TechCrunch describes Cozi as a social network for a family unit.

Tripit

Recommended by: Sara, Product Team and Chris, Management Team

Tripit is a travel organizer that helps travelers manage their plans. Travelers forward their confirmation emails to Tripit, which compiles them into a master itinerary.

Texter

Recommended by: Kyle, Content Team

Texter is a free text substitute app that saves you keystrokes by replacing abbreviations (“text substitution hotstrings”) with larger phrases you define. It works in any application you’re typing in. Check out this video for potential uses. Texter works on Windows.

SongKick

Recommended by: Sara, Product Team

SongKick lets you track your favorite artists to be sure you know when they’re playing live. You can also buy tickets, share your “gigography” (the history of live music shows you’ve attended), and share photos and videos from concerts you attend.

Gmote

Recommended by: Andrew, Marketing/Biz Dev Team If you have an Android phone, Gmote allows you to turn it into a remote control for your computer. You can use your Android to start and stop movies and music, browse files, use your phone as a keyboard, or stream music from your computer to your phone.

Adium

Recommended by: Robbie, Marketing/Biz Dev Team Adium is a free, open-source instant messaging application for Mac OSX that can connect to many different messaging services (here’s the full list). It’s highly customizable, with a clean, easy to use interface.

f.lux

Recommended by: Andy, Content Team

f.lux is a free piece of software that shifts the color of your display depending on the time of day. If you’re sick of being blinded by your computer screen at night, f.lux might just be for you.

Dropbox

Recommended by: Robbie, Marketing/Biz Dev Team

Dropbox is a web-based service that uses cloud computing to let users store and share files and folders across the Internet. Dropbox offers a free and paid version, depending on usage levels. A reporter from PC Mag calls Dropbox “the simplest, most elegant file-synchronization tool [he’s] ever used.”

Evernote

Recommended by: Ian, Video Team Evernote is a service (both free and paid versions are available) that allows you to capture, organize, and search for “notes” — everything from a piece of text to a webpage to a voice memo. Evernote works on Windows, Mac OSX, and mobile platforms.