MBA@UNC: Is UNC’s New Online MBA Program a Good Move?

July 8th, 2011

Is UNC’s Kenan-Flagler Business School’s new online MBA program, MBA@UNC, forward-thinking or just misguided?

That’s the question many are asking as UNC prepares to launch MBA@UNC this fall with an inaugural class of 19 students. As the first top 20 business school to offer an online MBA program, UNC will undoubtedly be carefully watched by administrators, professors, and others.

The school is well aware of the challenges that lie ahead. In an interview with the Wall Street Journal, Doug Shackelford, associate dean of the online M.B.A. program, admitted that “the concept of online education does not have a sterling image.” In general, the term “online MBA” largely calls to mind for-profit programs like the University of Phoenix or Kaplan University, schools who don’t enjoy the prestigious, storied reputation that a school like Kenan-Flagler, which was founded in 1919, hopes to maintain.

But as online and blended learning programs grow in virtually every sector, UNC is determined to work towards breaking that association and establishing a high-quality online learning environment for MBAs. The school is taking a leap of faith — but also carefully executing a number of practical steps to try to ensure that the quality of their new online program meets that of UNC’s traditional MBA.

According to a blog post from UNC, some of the perks that the 19 students that make up MBA@UNC’s inaugural class will enjoy include:

  • A combination of “synchronous and asynchronous learning experiences” — in other words, students will be able to review difficult material at their own pace, but also meet in live sessions with professors and peers (including classes, office hours, and work/study groups).
  • Two “immersion weekends” where they can network and meet in person
  • Flexibility — students will not be required to leave jobs or relocate in order to attend the program

MBA@UNC’s 19 students — who had a median GMAT score of 700 and a median GPA of 3.3 — will pay a not-insignificant $89,000 for the two-year program, compared to a $98,000 price for non-residents attending the in-person program (NC residents pay $52,000 for the in-person program). With such a steep price tag, UNC, it seems, is yet again emphasizing the fact that MBA@UNC will provide the same opportunities as its on-campus program.

What do you think? Is MBA@UNC a step in the right direction? Will other top b-schools follow its lead? Or is offering an online MBA program a misstep for a top school like UNC?

What to Expect on GMAT Test Day

July 8th, 2011

You’ve spent weeks (months…years…) studying; you’ve sacrificed your social life and sleep schedule. And now, the moment of truth has finally arrived.

It’s time to take the GMAT.

But wait! Before you set foot in your hallowed neighborhood test center, make sure you know what to expect. Don’t let a logistical oversight put all those months of Data Sufficiency drilling and Critical Reasoning cramming at risk.

Here’s what you need to know.

What to bring:

The most important thing to bring is a government-issued, valid, original, legible ID. Think: driver’s license, government-issued ID, military ID, permanent resident/green card, or passport.

The nitty-gritty ID requirements:

  • Can’t be expired
  • No photocopies
  • Must have a recent, recognizable photo on it
  • Must have your name in the Roman alphabet, spelled the same as the name you registered under
  • Must have your signature on it

Your ID is the most important thing you need to bring. You should also pack a snack or two to have during scheduled breaks. You’ll have to keep this — along with your wallet, purse, phone, and any other personal belongings — in a storage locker. You can access the snack (and any necessary medication) during scheduled breaks, but you must leave everything else in the locker. No testing aids (calculators, stopwatches, dictionaries, beepers, pagers, etc) are allowed in the test center.

The test administrator will provide you with everything else you need to take the test, including a scratch pad and marker.

What to wear:

Suits

Something comfortable! This is one occasion when a sweatsuit is actually appropriate. Save the fancy business suit for your MBA interviews. And be sure to dress in layers – you don’t want to be sweltering or freezing while taking the test.

When to get there:

Driving Cars in a Traffic Jam

You should plan on arriving at the test center with at least 30 minutes to spare. Look up directions ahead of time and be sure to account for contingencies like parking, traffic jams, and possible public transportation delays. If you arrive at the test center after your scheduled exam time, there is a possibility that you will not be able to take the test and will be forced to forfeit your $250 testing fee.

What will happen when I arrive?

First things first: the test administrator will ask to see your ID. He or she will also take your photograph, your digital signature and/or palm vein pattern, and ask you to agree to the GMAT Examination Testing Rules & Agreement.

You will take the GMAT on a computer, in a room filled with other computers and other students taking standardized tests (depending on the test center, they may also be taking the GMAT or they may be taking other exams). Before you begin, you will have to sign the GMAT Nondisclosure Agreement and General Terms of Use Statement.

Before beginning the test, you will also be able to designate up to 5 programs to receive an Official Score Report within 20 days of your test. These 5 score reports are covered by your $250 registration fee; it will cost you $28 for each additional score report.

What order will the test sections be in?

If you’ve taken full-length practice tests (as you should!), you’ll already be familiar with the order of the sections on the GMAT. But just in case, here’s the lowdown:

1. Analytical Writing Assessment (AWA): 60 minutes

  • Analysis of an Issue Essay: 30 minutes
  • Analysis of an Argument Essay: 30 minutes

2. Optional break: 8 minutes

3. Quantitative Section: 75 minutes

4. Optional break: 8 minutes

3. Verbal Section: 75 minutes

Can I take another break if I need it?

If you need another break (besides the two scheduled 8-minute breaks before and after the quantitative section), you can raise your hand and alert the test proctor. However, time will not stop during any unscheduled break, so these should be taken only in the case of an emergency.

Will I get my score the day of the test?

Yes, you will get an unofficial score report immediately after the test. Your Official Score Report will be available within 20 days to you and the programs you requested to receive them.

What else should I know?

  • Audio and video are recorded at all test centers during all exams. If you do not agree to this, you won’t be allowed to take the test.
  • Still want to know more? For more info, visit mba.com or check out the video below for a tour of a sample testing center!

Must-Follow EdTech Tumblrs: The New Classroom, Creative Education, and Revolutionize Education

July 7th, 2011

In this post, check out three must-follow edtech tumblrs!

1. The New Classroom

Brian Paris’ tumblog is “dedicated to searching for the best practices in this new learning environment” — a learning environment shaped by new technologies in and out of the classroom.

2. Creative Education

Creative Education is curated by Jim Askew, a teacher who has been working in the Oklahoma City Schools for 30 years (15 of them in public schools with 1:1 student laptops). Check out Creative Education for thought-provoking posts about teaching philosophies, best practices for classroom technology integration, and more.

3. Revolutionize Education

Dedicated to teachers “that are always seeking new ways to improve their teaching,” Revolutionize Education catalogs tons of helpful links for educators looking for new ways to engage their students.

8 Surprises to Prepare For in the MBA Admissions Process

July 7th, 2011

mba surprisesWhile it would be nice if everything happened according to plan during the MBA admissions process, this isn’t always the case. Don’t let yourself be caught off guard.

Here are 8 contingencies to prepare yourself for in advance.

Scenario 1: Your interview might be shorter than you expect.

At just half an hour for schools like Chicago Booth, your interview might fly by and leave you wondering in its wake what happened to your hours of meticulous preparation. To prepare for this scenario, understand that no matter how tightly you manage the situation, something unexpected will probably occur (your interviewer may not speak English well, you may be meeting at a noisy cafe, your interviewer’s facial expressions may be stoic and unrevealing) and up the chances of your being thrown off track. So prepare your responses thoroughly and leave some room to be flexible and slightly spontaneous.

Tip: Perfect your elevator pitch, so you don’t end up rambling. With some interviews limited to 30 minutes, you need to compress your story to its most essential points.

Scenario 2: You might not get an interview invite for Dream School X.

Despite your stellar GPA, those killer recommendations, that twinkle in the officer’s eye at the info session, and that persistent feeling that you and Dream School X are meant to be, it is indeed possible your visions might not pan out. In fact, it’s possible you may not even receive an interview invite to Dream School X. The bad news is that this happens more often than one would expect, especially with top 10 schools where a high percentage of the applicant pool is qualified for admission. The good news is that this has no bearing on your chances elsewhere.

Tip: To prepare for this scenario, simply understand in advance that it may occur; do not let it throw you off track emotionally. You still need to perform at work and in your other interviews.

Scenario 3: You might become obsessed with MBA admissions forums.

Nothing is more tantalizing during a stressful wait period than a heated MBA forum, with its network of hyper-driven applicants and officious know-it-alls. Tempted to post your stats and spaz out communally? Do so wisely. Learn what you can to improve your chances of admittance, but don’t waste energy posturing, envying others (a good deal of the self-reported statistical information is exaggerated or made up), or engaging in inappropriate behavior.

Tip: Don’t let yourself get sucked into a week-long debate over what schools exactly compose the M7 (consortium of elite MBA programs) or which applicant has a better shot at an IB/HF/PE job post-MBA. Learn what you can from the forums, but pick your battles (you don’t want to be at a conference a year from now and have people recognize you as “that guy from the admissions forum”).

Scenario 4: The adcom might not be impressed with the achievement of which you are most proud.

In your eyes, the capstone of your application is the non-profit you started or your published thesis paper from undergrad or a rhapsodic recommendation letter from your CEO. Surely, you think, you won’t get dinged with that under your belt. Well, in business as in life: imagine your worst-case scenario. What happens if nobody is impressed by Big Achievement X? Ask yourself, “What else do I have?” Just as you don’t want to be without stardust factor, you also don’t want to be without the solid, necessary goods to back it all up (GMAT score, GPA, solid work experience).

Tip: Don’t over-think the process or become so enamored by certain resume baubles that you fail to overlook the fundamentals. Yes, some people do get admitted based on a unique achievement, but the majority get in based on stats (GMAT, GPA, etc.) and years of experience.

Scenario 5: The adcom might be impressed with something unexpected instead.

Maybe some of your responsibilities at work always struck you as administrative and not particularly interesting, but they might bring out an aspect of your experience which is rare, interesting or commendable in others’ view.

Tip: Know yourself and what you uniquely bring to the table. Chances are it’s something so inextricably intertwined with who you are that you might not see it as impressive. Be prepared to talk about all aspects of your application, including those which you consider mundane.

Scenario 6: Dream School Y might accept you with a scholarship even if Dream School X doesn’t invite you to interview.

So maybe you’ve been dinged across the board except for one school. Well, it’s certainly possible that you gain acceptance at that school and are even awarded a scholarship there. In short, think of the admissions season as an athletic event; just as you shouldn’t look behind you during a race, don’t let emotions affect your “performance.” What might be a significant red flag for one school might be easily overlooked at another school. So if you weren’t invited to interview at Columbia and Kellogg but scored an invite for Wharton, own that invite and present yourself to the best of your ability.

Tip: Don’t let your conception of yourself fluctuate too much during the process. And don’t rely too much on external validation. You need to have a solid sense of self no matter what happens.

Scenario 7: Your slacker classmate might get into Dream School X over you.

The admissions process is always both less or more mysterious than you expect. There are undoubtedly people with GPAs around 3.0 that will be admitted to schools that some people who have 3.9s won’t get into.

Tip: Understand that the process will not seem fair and make the decisions that are best for you.

Scenario 8: You might end up in purgatory.

In other words, you might be waitlisted. If you are, the good news is that you aren’t rejected and that you are indeed qualified for admission (which spells well for any future applications if you are ultimately rejected and decide to reapply).

Tip: Do whatever you can to increase your chances of admittance if you’re waitlisted. But don’t overwhelm admissions officers with material if you are not invited to submit additional information. Whatever you add to your application should indeed “add” to your application.

10 EdTech Tweets You May Have Missed This Week

July 6th, 2011

This week, check out tweets about summer reading lists, the evolution of classroom technology, and collaboration and ownership in student writing.

MBA Admissions Tip: Addressing Unemployment or Gaps in Employment

July 6th, 2011

This MBA admissions tip comes to us from our friends at Clear Admit. For more expert MBA admissions advice, check out their blog.

Given the emphasis that schools place on a candidate’s work experience, it is important to be proactive in addressing gaps in employment.  When applying to business school, many candidates worry about how the adcom might perceive gaps in employment.  We would like to take some time to discuss strategies for addressing this issue.

It’s not unheard of for an MBA candidate to have a gap in employment, and this will not necessarily impact someone’s candidacy in a negative way.  Gaps might be due to anything from lay-offs to periods of travel.  As a rule-of-thumb, applicants should explain gaps in employment that are three months or longer in an optional essay or, if instructed, on their data forms.  The adcom will not want to play detective with vague dates on an applicant’s resume or large chunks of unaccounted for time. As the adcom will simply want to know what an applicant was doing during a period of unemployment, applicants should show that they made productive use of this time.  It is important for applicants to be open and clear about extended gaps to show that they were not simply spending the time to look for full-time employment.

Addressing current unemployment in applications, however, requires a different strategy than simply discussing past gaps in employment history.  Candidates applying to business school who are not currently employed are in a trickier situation, as business schools view themselves as career accelerators rather than career jump-starters.  The task is not impossible, though, and given the current state of the economy, more candidates are applying to business school during a period of unemployment.  As with addressing gaps in employment, these applicants should not evade discussions centering on this issue.  On the other hand, they should not present unemployment as the reason for applying to business school nor should they suggest that they aren’t presently looking for work due to the need to devote time to their MBA applications (a major ‘red flag’).

In addressing unemployment, applicants should show that they are doing their best to find something temporary or engaging in volunteer work.  Ideally, applicants would show that they are doing something in line with their stated professional goals, like attending conferences or working to secure an internship in a field they want to explore.  Whatever the case, applicants should be honest and appear proactive.

As every applicant is unique, we encourage our readers to contact Clear Admit directly if they need guidance on tackling a gap in employment or current unemployment situation.  Send us your resume and sign up for a free one-on-one session with one of our counselors.

15 EdTech Tweets You May Have Missed in June

July 5th, 2011

With all the product launches, policy news, school contests, giveaways, teacher tips and classroom ideas, it may be difficult to stay on top of valuable edtech tweets. To ensure that you have the best tidbits at your fingertips, we’ll be sharing a roundup of top tweets related to educational technology every week. To start, we’ve recapped a few of our favorite edtech tweets from June. Click on the image to go to the website linked to in the tweet.

Check back next week to stay on top of the latest news!

1. From @edutopia:

2. From @edudemic:

 

4. From @edutopia:

 

5. From @Knewton_Tina:

 

6. From @edudemic:

 

7. From @edReformer:

 

8. From @edudemic:

 

9. From @edReformer:

 

10. From @kbtechnerd:

 

11. From @educationblog:

 

12. From @web20classroom:

 

13. From @Ed_Leadership:

 

14. From @eschoolnews:

 

15. From @Knewton_Tina:

bit.ly/kx6jUe

MBA News Roundup: HBS Extreme Makeover, Wharton’s San Francisco Campus, and the Fresh Out of College MBA

July 5th, 2011

Welcome to another installment of Knewton’s MBA News Round-up! This week, check out articles on Harvard Business School’s extreme makeover, Wharton’s new San Francisco campus, the fresh out of college MBA, and what bankers can learn from stand-up comedians.

1.Harvard Business School’s Extreme Makeover

Within 12 months of assuming his role as dean of one of the world’s most powerful business schools, Nitin Nohria has made some surprising appointments, revised the academic curriculum (and the school’s famed emphasis on case-method instruction), and in the process, made an exceptional institution even more exceptional.

2. Wharton’s New San Francisco Campus

Check out a photo slide-show of the gorgeous new campus, replete with palm trees and views of the Golden Gate Bridge…

3. The Fresh Out of College MBA

For students who want their MBA right away, programs like the “Silver Scholars” at the Yale School of Management and the “Momentum Program” at Xavier University offer splendid opportunities for younger students to jump-start their business careers. Acceptance rates are phenomenally low, with as few as a handful accepted out of several hundred applicants.

4. Gang of 5 MBA Schools Address Societal Agenda

Representative b-schools from China, Japan, France, Germany, and the US assemble together to discuss the intersection of business and social issues.

5. 5 Tips for Surviving Business School as a Significant Other

Intending to brave business school with a partner by your side? Check out these tips for keeping your relationship healthy in the midst of coursework, recruiting, and those daunting tuition bills.

6. What Investment Bankers Can Learn from Stand-up Comedians

This poignant personal story illuminates some surprising lessons for aspiring bankers.

7. Record Percentage of Women to Enter HBS

39% of the 918 students to enter HBS this year will be women. How does this reflect the efforts of the admissions committee in recent years?

Student Spotlight – Ky Choi: Concert Promoter with a 190-Point Score Increase

July 5th, 2011

In this Student Spotlight, meet Ky Choi, a concert promoter in Nashville, TN, who increased his GMAT score from 500 to 690!

Hometown:

Seoul, South Korea

Current job?

Concert Promoter in Nashville, TN

Why do you want to get an MBA?

Want to understand more about economy & business and how the world operates

What’s your dream job after b-school?

Concert Promoter – one that really knows and uses the business and the economy trend as his advantage

Can you tell us a bit about your experience prepping for the GMAT?

I began prepping with Knewton in the beginning of April after my first horrible attempt on GMAT with another leading prep company in the industry. (Not so leading in my book now) First, I really liked the fact that Knewton’s website was clean, easy to navigate, and iPad friendly. I also liked Knewton’s 50-point money back guarantee and 1 year subscription model – it made me feel assured that Knewton is confident enough to offer such things. After finishing up Knewton courses, I regularly attended office hours to motivate me during the week and challenge myself with harder questions. Coming from a music college, quantitative was really challenging for me, since I haven’t done math in 7 years. I realized that I really need to understand the core concept and basic fundamentals in order to succeed in GMAT. For Reading Comprehension, it was a bit easier for me naturally since I love reading news articles daily. For Critical Reasoning, I worked on recognizing question patterns to eliminate trap answers and to organize bits of important information given in questions. For Sentence Correction, I had no idea such systems existed (parallelism, FANBOYS, antecedent etc) since NO ONE at the other leading company taught me any of these important fundamentals. After understanding all these fundamentals, I started to understand things and really felt good about it, because I felt like I was learning something new. In addition, I always studied at the library not just to be better focused but to be used to the quietness and the pressure of hearing my heartbeat during practice tests. Maybe it was just me, but it helped me a lot, since I wasn’t nervous at all during my real test. In fact, I finished all sections more than 10 minutes earlier than what was given. I also bought myself MGMAT 8 books, which helped me a lot with really understanding final bits of each concepts and fundamentals. Believe it or not, I took the full rest one week before the test to refresh my brain and calm myself down. It’s easy to be pressured to study until the test day, but believe it or not all those GMAT gems I dug from Knewton really shined during the real test – trust me, when it’s time to remember, you’ll remember. After receiving my score, I wasn’t really sure if it was accurate so I had to ask the desk staff to be sure that I indeed increased my score from 500 to 690 in 10 weeks. My original goal was 700, and I honestly wasn’t expecting my score to be this high, so I was quite satisfied with my score. I’m so glad I don’t have to sit for 4 hours again! Thanks Knewton!

Any Knewton teacher shout-outs?

Obviously everyone, but especially Adam, Bridget, and Jen.

Lightning Round: Favorite song right now?

We are the Champions by Queen

Data Sufficiency or Sentence Correction?

NONE! But if I have to choose, Data Sufficiency

Bill Gates or Steve Jobs?

Steve Jobs

Harry Potter or Twilight?

Harry Potter

EdTech News Roundup: The Dept. of Ed. Announces New EdTech Initiatives, Liberal Arts Colleges Go Online, and Colleges Turn Away from Mobile Apps

July 1st, 2011

Students

In this week’s EdTech News Roundup, read articles about mobile websites, the dearth of college-ready teens, and new edtech initiatives from the Department of Education.

1. More Students and More Cuts Mean Tough Choices

As enrollment at community colleges increases along with budget cuts, schools are scaling back on some tech services while also looking to effective web-based classroom solutions. Read more in this article from Campus Technology.

2. As Mobile Devices Multiply, Some Colleges Turn Away From Building Mobile Apps

As more and more smartphone users emerge, some colleges are beginning to move away from creating mobile apps to creating mobile websites, which can be accessed by phones on any platform (unlike apps, which must be developed and updated separately for individual platforms). Read more about the pros and cons of this approach in this article from The Chronicle of Higher Education.

3. To be Tech Leader, is ‘Savvy’ Necessary?

When it comes to ed tech leadership, is it more important to be savvy or enthusiastic? Read more in this blog post from Education Week’s “Digital Directions” blog.

4. College-Ready Teens in Short Supply

The number of high school graduates will drop significantly over the next decade. As a result, according to a report by the Center for Law and Social Policy and the National Center for Higher Education Management, it’s crucial that nontraditional students have access to college coursework in order to “help close the gap between qualified workers and jobs available.” Read more in this article from eCampusNews.

5. Four New Initiatives from the Department of Ed

At a panel discussion at the annual ISTE (International Society for Technology in Education) conference, Karen Cator, director of educational technology at the Department of Education, outlined the department’s priorities and plans to continue to bring education into the digital age. Read more in this post from Mindshift.

6. Liberal Arts Colleges Venture into Unlikely Territory: Online Courses

Still convinced that online courses are only the purview of for-profit institutions like the University of Phoenix? Read about how Bryn Mawr College and other similar liberal arts institutions are considering implementing online learning into their courses, in this blog post from The Chronicle of Higher Education’s “Wired Campus” blog.