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MBA Admissions Myths Destroyed: I Have No Managerial Experience

Formal managerial experience is not a prerequisite for admission to a top MBA program—a truth some applicants might find ironic. Keep in mind that an MBA education is for individuals who aspire to become managers and is not exclusive to those who already are managers. If you are fretting about the fact that you have not had any subordinates to date and believe that having overseen a staff is a prerequisite to gaining admission to a top program, you are adhering to a myth and can stop worrying. Instead, think about the ways you have excelled in your position and made the most of the leadership opportunities you have had.

For example, consider the numerous investment banking analysts who apply to MBA programs each year. Although analysts are at the bottom of the banks’ organizational charts and therefore do not have staffs to manage, they still have demanding jobs and must perform exceptionally well each day to succeed. Most analysts can tell the story of thriving in an ultracompetitive environment and thus reveal their professional excellence via their resumes, essays, and recommendations. And even if most analysts do not have staffs of their own, ample opportunities still exist for senior analysts to train and mentor newer analysts. So, even without a title and a staff, investment banking analysts can find ways to demonstrate their leadership and de facto management skills. And we imagine that with sufficient reflection and brainstorming, you can, too.

“Complete the Passage” Critical Reasoning Arguments on the GMAT

With regard to the GMAT, raw intellectual horsepower helps, but it is not everything. Manhattan Prep’s Stacey Koprince teaches you how to perform at your best on test day by using some common sense.

Have you run across any “fill in the blank” Critical Reasoning (CR) questions yet? These arguments end with a long, straight line, and we are supposed to pick an answer choice that fills in that blank.

Try this example from the free question set that comes with GMATPrep:

Which of the following best completes the passage below?

People buy prestige when they buy a premium product. They want to be associated with something special. Mass-marketing techniques and price reduction strategies should not be used because ________________.

(A) affluent purchasers currently represent a shrinking portion of the population of all purchasers

(B) continued sales depend directly on the maintenance of an aura of exclusivity

(C) purchasers of premium products are concerned with the quality as well as with the price of the products

(D) expansion of the market niche to include a broader spectrum of consumers will increase profits

(E) manufacturing a premium brand is not necessarily more costly than manufacturing a standard brand of the same product

Officially, these are called “Complete the Passage” arguments. The interesting tidbit: they are NOT a separate question type! These questions fall into one of the same categories you have been studying all along; the format is just presented in this “fill in the blank” format.

Most of the time, these are actually Strengthen questions. Every now and then, you will encounter a Find the Assumption question in this format.

The real trick here is to determine the question type. If the word right before the underline is because or since (or something equivalent), then the question you are dealing with is a Strengthen question. If the argument is set up to ask you to insert a piece of information that would support the conclusion of the argument, that is a Strengthen question.

The only real variation I have seen is when the sentence leading up to the blank asks what must be true or what must be shown. In those cases, you probably have a Find the Assumption question.

Want to know how to do the GMATPrep question presented earlier in this post? I am so glad you asked! Take a look at this full article that explains how to do the question and takes you through the standard four-step process for all CR questions. The article on the Manhattan Prep blog is the first in a three-part series on CR; click the link at the end to read the second part, and so on.

Dean Profiles: William Boulding, Duke University’s Fuqua School of Business

William Boulding, FuquaBusiness school deans are more than administrative figureheads. Their character and leadership often reflect an MBA program’s unique culture and sense of community. Today, we focus on William Boulding at Duke University’s Fuqua School of Business.

In the fall of 2011, William Boulding became dean of Duke University’s Fuqua School of Business. Boulding began teaching at Fuqua in 1984 and served as the business program’s deputy dean before being appointed to a shortened two-year term as dean (a full term is five years) upon the previous dean’s departure. In early 2013, an international search committee recommended that Boulding continue his deanship for an additional five years. Then, in February 2018, Boulding was appointed for a second five-year term.

He has received several distinctions for his teaching in the areas of management, marketing, and strategy, including the school’s 1989 Outstanding Teacher Award and the 1997 NationsBank Faculty Award. A member of the search committee stated in a 2013 article in Duke’s student newspaper, The Chronicle, that Boulding’s vision for the school would “address globalization with more innovation and modernization in the classrooms, while also focusing on stabilizing the school’s budget.” Another search committee member noted in the article that Boulding “has the whole package, plus he knows Fuqua and Duke intimately.” In the school’s announcement of Boulding’s appointment for a second full term, Provost Sally Kornbluth commented: “Bill is a valued colleague and well-respected scholar and administrator. … His leadership, dedication to Fuqua and commitment to higher education and service have been the foundation of his success as dean.”

In a 2012 Forbes interview, Boulding described the type of students who attend Fuqua by highlighting the collaborative principles encompassed by Team Fuqua, saying, “Increasingly, so called ‘leaders’ seem to fight for narrow self-interest around issues and ideas. At the same time, more than ever before, answers to problems, solutions to challenges, innovation, and the creation of value comes through collaboration and co-creation.… Our students have a burning ambition to make a difference in the lives of others.” Boulding also explained in a 2013 Bloomberg Businessweek interview the high rate of success for Fuqua graduates in finding jobs: “The reason they’re [companies are] hiring Fuqua students comes back to what we produce and who we attract, and that’s people who understand how to co-create and take advantage of a team’s potential. It’s people who are personally humble, tremendously ambitious, and have no sense of entitlement.”

For more information about Duke Fuqua and 16 other top-ranked business schools, check out the free mbaMission Insider’s Guides.

MBA Admissions Myths Destroyed: You Need a 750 GMAT to Get into Business School

We often hear MBA applicants ask some form of the following question: “Do I need a 750 GMAT score to get into a top MBA program?” Although a 750 can certainly be helpful, it is not a prerequisite. We wanted to dispel this myth and put some who believe it at ease. Here are a few simple reasons why this is just not true:

  1. The average is lower. Average GMAT scores at the top MBA programs range from approximately 700 to 730. Clearly, if the high end of the GMAT average range is 730, the schools cannot expect applicants to have a 750. That would mean that every applicant would be above average, which is not possible. Still, if a candidate’s score falls below the average, this generally places a greater burden on the other components of the individual’s application—so, for example, maybe their work experience would need to be stronger than that of other applicants, or maybe their extracurriculars would need to stand out even more. The bottom line is that mathematically speaking, many people have a GMAT score below 750.
  2. Too few applicants have a 750 or higher. The top MBA programs accept thousands of applicants each application season. Only approximately 2% of GMAT test takers earn scores of 750 or higher, and some are earned by people who do not ultimately apply to business school at all, do not apply to any of the leading schools, take the test only to become GMAT instructors, pursue an EMBA or part-time MBA instead, are rejected because other aspects of their profile render them uncompetitive… and the list goes on. Basically, the top MBA programs do not receive applications from enough applicants with 750s to entirely populate their incoming class, as evidenced by the schools’ mid-80% GMAT ranges, which are typically 660–760.
  3. All schools accept the GRE. Applicants do not really even need to take the GMAT anymore. Of course, if you do take the GMAT, you should strive to achieve the highest score possible. However, if the GMAT is not even required, you obviously would not need to score a 750 to be accepted.

We want to be unequivocal: 750 is a great GMAT score, and anyone who earns that score should be delighted. However, if you do not fare as well on the exam, you should still be quite hopeful and keep a positive mindset, because the admissions process is holistic.

Addressing Sustainability at UCLA Anderson and Thinking Social at NYU Stern

Applicants to the UCLA Anderson School of Management may be well aware of the school’s strengths in media and real estate, but they might be surprised to learn that Anderson also offers a cutting-edge multidisciplinary program for students interested in environmental sustainability. The school’s Leaders in Sustainability (LiS) certificate program allows Anderson students to take courses at different graduate schools within the university network, thereby offering them opportunities to address issues of environmental sustainability in an interdisciplinary manner. Students must apply to the program, which typically has more than 190 participants from graduate programs across the university.

Students in the LiS program must take four classes, including the LiS core course and three sustainability-related elective courses—at least one of which must be taught outside the students’ primary graduate school. In total, the greater university offers more than 50 sustainability-related courses that Anderson students may choose from, ranging from “Business and Environment” to “Economic Analysis for Managers” to even “Marine Ecology” and “Oceanology.” In addition to completing the program’s required four courses, LiS students must complete a leadership project related to sustainability.

Meanwhile, on the East Coast, New York University’s (NYU’s) Stern School of Business is perhaps not well known among the top MBA programs for sustainable enterprise or social entrepreneurship. However, the school in fact offers an array of resources for those interested in pursuing careers in such fields. The Berkley Center for Entrepreneurship (formerly known as the W.R. Berkley Innovation Labs) serves as the hub of all entrepreneurial activities and events at the school, and Stern offers a Sustainable Business and Innovation (formerly Social Innovation and Impact) specialization, thereby formalizing an academic track for students with this career path in mind. Courses available within the specialization include “Global Markets, Human Rights, and the Press,” “Investing for Environmental and Social Impact,” and “Strategy with a Social Purpose.”

Through the Stern Consulting Corps program, students can partner on consulting projects with New York City–based nonprofits. And for those who also have the entrepreneurial bug, Stern added a Social Venture Competition—in which participants compete for a $50K prize—to its traditional for-profit $250K Entrepreneurs Challenge.

In short, socially conscious Sternies have quite a bit to keep them busy!

For a thorough exploration of what UCLA Anderson, NYU Stern, and 15 other top business schools have to offer, please check out our free mbaMission Insider’s Guides.


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