Average GMAT Score Rises at Elite MBA Program
Another business school breaks its average GMAT score record, a professor defends the value of MBA rankings, and an admissions consultant offers tips for managing your letter of recommendation writers—let’s dig into the latest headlines in the world of business school. Leave your comments below… please.
Average GMAT score upswing
The summer of the incredible rising GMAT score continues. The University of Pennsylvania’s Wharton School just reported that the average GMAT score for its Class of 2017 crept up four points to a record 732. Since 2012, the average GMAT score at this top-ranked MBA program has increased a total of 14 points. A score of 732 on the GMAT puts you at the 96th percentile, meaning that just 4% of fellow test takers achieve that score or higher. Wharton’s 732 is now tied with Stanford University Graduate School of Business for highest average GMAT score nationally—though, this may change as Stanford GSB will release its most updated average score next month. As you may recall from earlier this month, Kellogg also announced an unusual increase in its average GMAT score, rising eight points to 724.
Letter of recommendation management
Applying to an MBA program is itself a test of your management skills—especially when it comes to managing those who you hope will write your letters of recommendation. While not nearly as important as your GMAT score or undergraduate GPA, recommendation letters will serve as important third-party endorsement of your abilities. Here are a few pointers from one admissions consultant: 1) Don’t assume your recommender knows enough about your accomplishment to write your praises. 2) Don’t bombard them with too much information or materials. 3) Don’t write the letter of recommendation for them—that’s their job. 4) Above all, make sure that whoever writes these letters believes in you and your goals. (U.S. News & World Report)
The case for MBA rankings
Kaplan Test Prep’s position on business school rankings has always been about balance: Rankings provide a helpful aggregated source of data about job placement, academic life, and other important considerations—but ultimately each business school applicant should enroll in whichever MBA program offers the best “fit” with the individual’s professional, financial, and lifestyle goals. In a recent op-ed, one professor at Penn State’s Smeal School of Business defended the use of rankings, saying that in addition to being helpful to applicants, rankings can establish incentive for business schools to strive to be more strategic and innovative. (Poets & Quants)
What it takes to work at Deloitte
Many aspiring MBAs look forward to working in the consulting world after graduation. One of the most sought-after employers in this industry is Deloitte. What exactly does it take to land a job and succeed there? As an official from the company put it, “Data and analytics has become part of the fabric of how we do business. It’s almost instrumental.” Business schools are increasingly including courses on coding and data science as part of their curricula to prepare graduates to take on data-driven roles in a number of industries—particularly consulting. (BusinessBecause)
London Business School’s advice for Greece
As you likely know, the economic situation in Greece remains dire. The Greek government cannot repay its sovereign debts, and the country has been teetering on the brink of a Eurozone exit—though many say that’s unlikely. Two professors from the London Business School respond to The New York Times editors with some advice for Greece. (The New York Times)
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