Welcome to another installment of Knewton’s MBA News Round-up! This week, check out articles on the new GMAC iPhone App, the rising popularity of MBA rankings with recruiters, and what HBS faculty are reading at the beach.

1. GMAC Releases Official GMAT App for iPhones, iPods, and iPads

The $4.99 app is a mobile version of everyone’s favorite “official guide.”

2. Students Juggle Entrepreneurship and MBA Life

Several weeks ago, we outlined the advantages of starting your own business while in b-school. Check out this Financial Times article to get the lowdown on the daily reality of juggling a start-up with MBA life.

3. Rising Popularity of MBA Ranking Raises Eyebrows

It’s no surprise that MBA rankings are important to driven b-school students. But how important are rankings to recruiters? This fascinating piece from a human resources magazine takes us into the mindset of recruiters and what exactly they’re looking for.

4. What Harvard Business School Faculty Are Reading at the Beach

From Michael Pollan’s The Omnivore’s Dilemma to Orhan Pamuk’s My Name is Red, this HBS faculty reading list is eclectic and stimulating.

6. How Executive MBA Programs Evolved to Meet the Needs of the Business World

The MBA is one of the world’s most flexible and versatile degrees. Over the years, UCLA’s executive program (and others like it) have adapted to ensure that their students receive a rigorous and comprehensive education.

7. More Summer Reading for Business Students

From history to self-help to Shakespeare, this robust reading list covers it all – the business world, culture and technology, and leadership over the ages.