GMAT

GMAT

 

There is much information about business schools students want to know such as what GMAT, GRE, the top tier business schools, and what matters when you want to choose a business school. Here are Some important questions with their answers to clarify these things:

 

 

What Are Top Tier Business Schools

 

This is an important question, that is asked by many students, who want to run any discipline in business schools. We can define a top tier school as a school with specialization and huge academic fame, that a student would attend it without even looking at its location. Shortly speaking, traveling across the world to attend this university would be considered normal for people because of its high academic qualifications.

 

Actually, there are many business schools that any student would travel across the country to study at, but it also depends on what you want to be in the future. In other words, here are some of the top tier business schools with the best major to study at:

 

The University

The Major

Northwestern (Kellogg) Marketing
University of Pennsylvania (Wharton) CFO
Stanford Tech Industry, Entrepreneurship
Harvard CFO

 

Business Schools and GMAT Scores

 

The short for the “Graduate Management Admission Test” is GMAT, which is an aptitude exam, that was administered by (GMAC), Graduate Management Admission Council, for business schools.  “Graduate Management Admission Test” is an exam on the computer that estimates basic knowledge, critical thinking abilities, and some other skills that are required for graduate-level business studies. Around 550 points out of 800 is the average scores hover. Some top schools require a GMAT score in the high 600 points to low 700 points or more for admission, so be ready appropriately. Scores expire after 5 years from the exam’s date.

 

 

What Business Schools Don’t Require The GMAT

 

Knowing the admission requirements and standard application for the programs you want to enroll in is the first thing you have to do before looking for an MBA program in the US. Generally, applicants who want to run MBA programs are aware that most business schools will require GMAT as an important part of their application requirements.

 

Anyway, there are also many schools that have removed the GMAT test from their application requirements, and they decided that students can replace the test with many other methods of evaluating such as proof of experience in relevant scholarly research, their own testing system, or the field of management.

 

Here are 7 MBA programs in the US, that don’t require the GMAT exam, but many of them will require additional experience or materials to replace it.

 

 

 

1-Suffolk University’s business school, Sawyer Business School.

Sawyer Business School doesn’t require GRE or GMAT exam for Executive MBA applicants, on the other hand, it requires 7 or more years of professional experience.

 

 

2-Hult International Business School.

Hult International Business School does not require a GMAT test for the applicants who want to earn a one-year MBA in the campuses of the school in New York City, San Francisco, and Boston. They can also prove that they have the necessary experience to pass the program by taking the Hult Business Assessment Test instead of the Graduate Management Admission Test.

 

 

3-Pace University’s Business School, Lubin.

Lubin School of Business does not require GRE or GMAT scores for the MBA and Executive MBA in Financial Management if the students demonstrate a 3.50 GPA or higher for their Bachelor’s degree.

 

 

4-University of Delaware, Alfred Lerner College of Business and Economics.

Alfred Lerner College of Business and Economics does not require the GMAT test from the applicants if they have completed a Bachelor’s degree with a 2.8 GPA and 4 or more years of full-time professional experience.

 

 

5-Florida International University, College of Business.

College of Business at Florida International University does not require the applicants, who want to pursue a Healthcare Management MBA, for the GRE or GMAT. Students, who want to run the Professional MBA program, can be exempted from the test if they have more than 4 years of professional experience.

 

 

6-Northwestern University, Kellogg School of Management.

Kellogg doesn’t require GMAT in general, but they may request GMAT if they see problems in your application.

 

 

7-University of Southern California, Marshall School of Business.

Marshall doesn’t require the Executive MBA applicants to send GMAT scores, but they can send them, which strengthens your application.

 

 

 

Will Business Schools Accept GRE

The requirements to apply in any business school are different from a school to another. One of these requirements is not the same in general called GRE. GRE, General Test scores, that is one of the important requirements in the business schools, are accepted in many business schools in some or all of their MBA programs. Actually, there’re many specialized doctoral and master’s programs in business that accept GRE.

 

 

 

Which Business Schools Accept GRE

GRE has also been widely used for the MBA program application just like the GMAT score, but the point is that many top business schools start to accept GRE in place of GMAT.

 

MS programs keep their options, as they were previously accepted the GRE score, that is now accepted in the top colleges. Actually, some non-engineering applicants think that GRE, that is also valid for 5 years, is easier than GMAT, which is somehow right. GRE is accepted in many business schools such as Darden at the University of Virginia, Columbia Business School, Ross at University of Michigan Ann Arbor, and Stanford Graduate School of Business.

 

 

Top Business Schools in the world accepting GRE scores

 

  • Tepper at Carnegie Mellon University.
  • Tuck at Dartmouth College.
  • Georgia Institute of Technology (Georgia Tech)
  • Columbia Business School.
  • Booth at the University of Chicago.
  • Sloan at Massachusetts Institute of Technology.
  • Owen at Vanderbilt University.
  • Kellogg at Northwestern University.
  • McDonough at Georgetown University.
  • Haas at the University of California Berkeley.
  • Fuqua at Duke University.
  • Goizueta at Emory University.
  • Harvard Business School.
  • Darden at the University of Virginia.
  • Olin at Washington University in St. Louis.
  • Ross at University of Michigan Ann Arbor.
  • Wharton School.
  • University of Illinois Urbana Champaign.
  • Yale School of Management.
  • Kenan Flagler at University of North Carolina Chapel Hill.
  • Johnson at Cornell University.
  • McCombs at the University of Texas Austin.
  • Stern at New York University.
  • Stanford Graduate School of Business.

 

 

What Business Schools Are Worth It

While household names like Richard Branson, Steve Jobs, and Oprah Winfrey never went to business schools, that does not mean their path to be successful.

 

Many people say that attending business school is just wasting time, but this is a misconception, and I do not know why there are many people follow it! People who support this view say that Richard Branson, Steve Jobs, and Oprah Winfrey who do not have a business degree, and they added that there is a decrease in applying to full-time MBA programs. It is a complete misconception, as it is obvious that these people fail to recognize what business means.

 

In this digital age, you can achieve this level of entrepreneurship, and if you have an MBA, this will help lay the foundation in 4 indispensable ways.

 

1-You can benefit from being a well-paid employee before you’re an entrepreneur.

 

2-You will gain technical smarts to match real-world skills.

 

3-You can fail without losing a fortune.

 

4-You can nurture your networking skills.

 

 

 

can you transfer business schools

It is known that choosing your business school to apply MBA at is not an easy thing, so when you decided to choose your school, take your time to find the best for you. If you are not happy in the school you choose to study at, switching it can be impossible! The assistant dean of graduate programs at the George Mason University School of Business, Paige Wolf, says that transferring in is a big challenge.

 

 

However, full-time MBA students rarely transfer schools, but sometimes life happens. Changing in career goals, or even a cross-country move by the family. So it happens. Here are 3 things you have to consider if you want to transfer your business school.

 

1- Career services:

Generally, students are usually contacted by the program’s career services department when they decided to start a full-time MBA program. This teamwork with them for 2 years as they search for jobs, secure internships, and learn to network.

 

Keller from Katz says that transferring an MBA program is extra pressure on the student, and extra pressure on us. As students may lose their relationship with this department.

 

 

2- Exemptions:

Fuqua School of Business at Duke University does not have a transferring option, but students who do not want to repeat the asses that they took at another institution may be able to test out of the courses by taking exemption exams.

 

In general, taking advantage of these exams is not huge, as 10% of the students probably take this advantage.

 

 

3-Credits:

Running the gamut is what the schools do when it comes to how many credits they will accept. For instance, full-time MBA students at Katz Graduate School of Business at the University of Pittsburgh need 57 credits to graduate.

 

 

 

How Many Business Schools in The World

 

In general, no one can count the number of business schools as they are more than one thousand. Business schools are just like anything in the world (i.e. people always want to know the best in anything.) Depending on that, students are interested in the best business schools, here are some of the best with some information about them:

 

1-University of Warwick.

 

The University of Warwick, that was founded in 1965, is a public research university, that is located in Coventry, England. The university, that is among the Best Colleges In The World has many schools inside it such as Warwick Medical School, that was established in 2000, Warwick Law School, that was opened in 1968, Warwick Business School, that was opened in 1967, and WMG, Warwick Manufacturing Group, that was opened in 1980. The university is also among the most targeted universities in the world by employers.

 

 

Warwick Business School:

 

WBS, that is one of the Top Business Schools in The World, is a part of Warwick University’s Faculty of Social Sciences; it is one of the highly selective and the most prestigious business schools in the world. The school’s alumni hold leadership positions in academic, governmental, and corporate institutions across the world, because of its historical international outlook. It is also among the top providers of education, business research, and finance in the UK. However, Warwick Business School offers several courses including executive education, doctoral, MBA, postgraduate, and undergraduate.

 

 

Address:

Coventry CV4 7AL, UK.

 

Acceptance Rate:

24%.

 

Warwick Business School Ranking:

No. 36 in best business schools.

 

Application Deadline:

31 July.

 

2-Stanford University.

 

 

Overview:

Jane and Leland Stanford established the university in 1885 in memory of Leland Stanford Jr., their only kid, who passed away at age 15, in 1884, because of typhoid fever. Stanford, that is one of the Best Colleges In The World, was also a former Governor of California and a U.S. Senator. Firstly, on October 1, 1891, the students were admitted by the school as a non-denominational and coeducational institution.

 

 

History:

Unfortunately, Leland Stanford died in 1893, therefore, affected badly on the university’s financial things. And it was approximately damaged in 1906 because of an earthquake. But thankfully, Provost Frederick Terman supported graduates and faculty’s entrepreneurialism to build Silicon Valley, self-sufficient local industry, after World War II. Stanford University became the 1st university that raised more than a $1000000000 in a year.

 

 

Stanford University Location:

450 Serra Mall, Stanford, CA 94305, USA.

 

Stanford University Acceptance Rate:

5%.

 

Stanford Ranking:

No. 2.

 

Stanford Application Deadline:

April 3.

 

 

Stanford University Majors:

The Graduate School of Business at Stanford offered these concentrations and departments:

  • Operations management/production.
  • Technology.
  • Organizational Behavior.
  • Economics.
  • Not-for-profit management.
  • General management.
  • E-commerce.
  • Marketing.
  • Statistics and operations research/quantitative analysis.
  • Public administration.
  • Accounting.
  • Logistics/supply chain management.
  • Manufacturing and technology management.
  • Health care administration.
  • Sports business.
  • Leadership.
  • Public policy.
  • Human resources management.
  • Finance.
  • Real estate.
  • Portfolio management.
  • Entrepreneurship.

 

3-IESE Business School.

 

IESE Business School

 

The University of Navarra’s graduate business school, IESE, was founded in 1958 in Barcelona. In 1963, IESE Business School, that is one of the Best Colleges In The World, at the University of Navarra, one of the Top Universities in The World, launched the first 2-year MBA program in Europe after forming an alliance with (HBS), Harvard Business School. Today, IESE has many campuses in São Paulo, New York, Munich, Madrid, and its main campus in Barcelona. IESE offers an Executive MBA, MBA, and Executive Education programs.

 

 

Address:

Av. de Pearson, 21, 08034 Barcelona, Spain.

 

IESE Business School Ranking:

No. 1 in Europe, and No. 6 in the world.

 

Acceptance Rate:

31%.

 

Application Deadline:

March 1, 2019.

 

Average GMAT:

680.

 

Median GMAT:

680.

 

GMAT Range:

600-750.

 

Majors:

These concentrations and departments are offered at IESE:

  • Strategic Management.
  • Production, Technology and Operations Management.
  • Economics.
  • Managing People in Organizations.
  • Accounting and Control.
  • Marketing.
  • Entrepreneurship.
  • Business Ethics.
  • Information Systems.
  • Financial Management.
  • Managerial Decision Sciences.

 

4-Edinburgh Business School.

 

Edinburgh Business School

 

The Graduate School of Business of Heriot-Watt University, that is one of the Top Universities in The World, Edinburgh Business School, that is one of the Top Business Schools in The World, in Edinburgh, Scotland.

 

 

Programs:

The MBA at the school is also one of the largest international in the world. It is offered on-campus in Malaysia, Dubai, and Edinburgh through a 23-member-network of Approved Learning Partners all over the world, through a combination of these routes or by independent distance learning.

 

Core Courses:

The seven core courses, that are Strategic Planning, Project Management, Organizational Behaviour, Marketing, Finance, Economics, and Accounting, are available in Spanish, Chinese, Arabic, and English, and there’re also three elective courses available in, Arabic, Chinese, and Spanish. Each June and December, more than 400 centers of the school around the world run examinations. There are more than 70 students studying DBA, a Doctor of Business Administration, that started in 2003. There are also several degrees of Master of Science in the school.

 

 

ACCA:

Edinburgh Business School and Association of Chartered Certified Accountants (ACCA) has a joint agreement to enable ACCA Part 3 members, affiliates and students to gain exemption and a fast track entry through free-of-charge credit transfer when they register by face-to-face study, or distance learning at a global network of centers for the MSc in Financial Management.

 

 

African Scholarships:

EBS in 2010, launched a major scholarship initiative in Southern Africa. They planned to manage the scholarship with the Canon Collins Educational & Legal Assistance Trust for individuals in many countries in Southern African, who find funding the Master of Business Administration studies impossible. The scholarship program was also the largest in Africa and about 250 scholarships in 5 years. What made the scholarship program better was that the wife of former South African President Nelson Mandela, Graça Machel endorsed it. More than 50 scholars have graduated with their MBA. The scholarship does not receive new applications now.

 

 

5-IE Business School.

 

 

IE Business School is the business school of IE Universit, that is one of the Best Colleges In The World and is located in Madrid, Spain. The undergraduate and graduate school of business, that was founded in 1973, was called Instituto de Empresa. But its name changed since 2009 after being a part of IE University. The school also runs master’s degree programs in management and finance, Executive MBA, MBA, BBA, DBA, Ph.D. programs, and executive education programs.

 

Address:

Calle de María de Molina, 11-13-15, 28006 Madrid, Spain.

 

Acceptance Rate:

32.0%.

 

IE Business School Ranking:

No. 31.

 

Estimated Incoming Class:

410.

 

Average GMAT:

670.

 

Median GMAT:

680.

 

GMAT Range:

600-770.

 

 

History:

3 entrepreneurs found the school in 1973 aiming to foster an entrepreneurial environment, which instills in its many collaborations and various programs such as Asian-focused program run with Singapore Management University, and a dual MBA with Brown University.

 

 

Programs:

These are also Some business graduate level programs, that are provided at IE Business schools: masters with specializations in Finance, Digital Business or Marketing, Sales and International Business. Executive MBA, Global Executive MBA or IMBA (International MBA). Executive education and Doctoral programs.

 

Campus:

The School’s campus is located in Barrio de Salamanca, Madrid’s financial district, and it occupies about 28,000 m2. The new campus of IE University, that is located in the north of Madrid and is known as “Campus IE”, will occupy 50,000m2 and will host more than 6,000 students.

 

6-University of Pennsylvania.

 

University of Pennsylvania Location:

The university, that is located in the University City neighborhood of Philadelphia, Pennsylvania, chartered in 1755. UPenn, that was founded by Benjamin Franklin, the sixth-oldest institution of higher education in the U.S. and it is one of the 9 colonial colleges founded prior to the Declaration of Independence.

 

 

University of Pennsylvania Acceptance Rate:

10%.

 

Wharton Application Deadline:

March 27.

 

University of Pennsylvania Ranking:

No. 1. In 2019.

 

Wharton Majors:

 

The business school of UPenn, that is one of the Best Colleges In The World, called The Wharton School, which is the oldest business school in the U.S. and it offers many concentrations and departments such as:

 

  • Operations management/production.
  • Actuarial science.
  • Health care administration.
  • Statistics and operations research/quantitative analysis.
  • Public policy.
  • Entrepreneurship.
  • Real estate.
  • International business.
  • Economics.
  • E-commerce.
  • Marketing.
  • Insurance.
  • Human resources management.
  • General management.
  • Finance.
  • Accounting.

 

campuses:

The Wharton School has campuses in San Francisco and Philadelphia. When you go to study at the campus in Philadelphia, you can live in University City.

 

 

7-Harvard University.

 

 

Harvard University, that is one of the Best Colleges In The World, is the oldest institution of higher learning in the U.S. It is one of the most prestigious universities in the world because of its wealth, influence, and history.

 

Harvard location:

The university, that is located in Cambridge, Massachusetts, has approximately 15,200 post-graduate students, and approximately 6,950 undergraduate students. It is named Harvard because of John Harvard, its first benefactor, priest.

 

The location of Harvard Business School benefits its students as they can also research at the Massachusetts Institute of Technology.

 

Harvard Acceptance Rate:

6%.

Harvard University Ranking:

No. 3.

HBS Application Deadline:

April 2.

Harvard Majors:

These concentrations and departments are offered at HBS:

  • Statistics/quantitative analysis.
    • Operations research.
    • Technology.
    • Public administration.
    • Portfolio management.
    • General management.
    • Public policy.
    • Logistics/supply chain management.
    • Finance.
    • Accounting.
    • Tax.
    • Organizational Behavior.
    • Operations management/production.
    • Health care administration.
    • Consulting.
    • Sports business.
    • International business.
    • Not-for-profit management.
    • E-commerce
    • Human resources management.
    • Marketing.
    • Economics.
    • Manufacturing and technology management.
    • Ethics.
    • Entrepreneurship.
    • Real estate.
    • Leadership.

 

 

 

How Many Business Schools in The US

 

In general, no one can count the number of business schools as they are more than one thousand. Business schools are just like anything in the world (i.e. people always want to know the best in anything.) Depending on that, students are interested in the best business schools, here are some of the best business schools in the US with some information about them:

1-Massachusetts Institute of Technology.

 

 

Bachelor’s, master’s, and doctoral degree programs, and executive education are offered at MIT Sloan. The Master of Businesses Administration at MIT is also among the most selective in the world.

 

 

MIT Address:

77 Massachusetts Ave, Cambridge, MA 02139, USA.

 

MIT Acceptance Rate:

8%.

 

MIT Ranking:

No. 4. in Best Business Schools In The US.

 

MIT MBA:

The students at Sloan study at the campus facilities in Cambridge, Massachusetts, and their education has a broader slant. They also have many opportunities to study abroad, and the academic courses that they study help them as they are global in nature. Sloan also has Action Lab to help its students to tackle real problems in companies in India, China, and the U.S.

 

 

MIT Entrepreneurship:

There’re also contests in the MIT $100,000 Entrepreneurship Competition, which lasts along the year, and students can earn cash prizes for winning business plans. There are also weekly meetings between staff, faculty, and students for Consumption Functions to celebrate international cultures with dancing, music, and food.

 

 

2-University of Chicago.

 

 

Another private research university, that was founded in 1890 in Chicago, Illinois, by John D. Rockefeller. The business school of the university called Booth School of Business, which was founded in 1898, which also makes it one of the oldest business schools in the U.S.

 

Best Business Schools In The US

 

Tuition:

Part-time (per credit): $7,130.

 

Ranking:

No. 4. in Best Business Schools In The US.

 

 

3-Columbia Business School.

The business school of Columbia University, Columbia Business School (CBS), is located in Manhattan, New York City. However, CBS, that was founded in 1916, is among 6 Ivy League business schools and is one of the oldest business schools in the world.

 

Columbia University Address:

116th St & Broadway, New York, NY 10027, United States.

 

Columbia University Acceptance Rate:

7%.

 

Columbia University Ranking:

No. 6. Best Business Schools In The US.

 

Columbia University Application Deadline:

April 10, at Columbia Business School.

 

 

4-Kellogg School of Management.

 

 

The Kellogg School, that was founded in downtown Chicago in 1908, offers Ph.D., MSM, and MBA programs, along with MMM, dual-MBA/MDI, and dual-MBA/JD programs. It has many partners in many countries such as Thailand, Canada, Germany, Israel, Hong Kong, Spain, India, Singapore, France, and China.

 

 

Northwestern University Location:

633 Clark St, Evanston, IL 60208, USA.

 

Kellogg Application Deadline:

April 10.

 

Northwestern University Acceptance Rate:

13%.

 

Northwestern University Graduation Rate:

93%.

 

Northwestern University Ranking:

No.6. in Best Business Schools In The US.

 

Kellogg MBA:

There are a variety of graduate degree programs, that can be chosen by the students, including a part-time MBA program with classes on Saturdays, and in the evenings, as well as a traditional full-time program. When you are an MBA student, this means that you can also pursue a J.D. through Northwestern Law School, or a master’s degree in design innovation through the McCormick School of Engineering and Applied Science. You can also pursue many other different Ph.D. programs including one in sociology, organizations, and management with the Weinberg College of Arts and Sciences. Kellogg students can also participate in international field research, or even study abroad.

 

 

5-Stanford University.

 

 

History:

Unfortunately, Leland Stanford died in 1893, therefore, affected badly on the university’s financial things. And it was approximately damaged in 1906 because of an earthquake. But thankfully, Provost Frederick Terman supported graduates and faculty’s entrepreneurialism to build Silicon Valley, self-sufficient local industry, after World War II. Stanford University became the 1st university that raised more than a $1000000000 in a year.

 

 

Stanford University Location:

450 Serra Mall, Stanford, CA 94305, USA.

 

Stanford University Acceptance Rate:

5%.

 

Stanford Ranking:

No. 2.

 

 

 

How to Compare Business Schools

Comparing business schools is an important thing before running an MBA program, spreadsheets are used from students to compare, as you try to find many points you want at the school. Actually, these 3 points are the most important ones.

 

1-Culture:

One of the important things you should look at when you choose your business school is the culture. You have to be sure to achieve more when surrounded by people who motivate and inspire you. Doing this needs few factors such as meet with a network of other applicants for these schools, find out if the alumni are passionate about their programs, and check the alumni network.

 

 

2-Experiences:

Experiences are really important when you want to choose your business school. You have to know the experiences that you will have after studying at the business school.

 

 

3-Careers:

It is a really important factor, that you have to be interested in when you choose your business school. You have to access to the companies and careers you want through your business school.

 

About the Author

David Wagner
An expert in the American University Affairs, especially in MBA, and the benefits of it inside the Best Business School in U.S.

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