Category Archives: International MBA

No group discussion in IIM admission process starting 2014

11 IIMs will have no Group Discussion (GD) in their admission process starting session 2014.

Till last year group discussion has been a part of section procedure. Through GD, Institutes check communication ability, analytical skills and logical thinking of aspirants.Not sure why this method has been rejected by the IIMs.This is really great method to know about the aspirant.Some times though shy and introvert aspirant fail in this process but still this process help the colleges to test the smartness of candidate.The Written Aptitude Test in comparison has multi-fold benefits. A candidate can express his/her thoughts clearly and in an organized manner.

Except IIM Lucknow and IIM Kozhikode, rest of the IIMs has removed the Group Discussion from their selection process for management admissions from the academic session 2014-2016. Admissions in these 11 IIMs will be based on the Written Aptitude Test, Personal Interview, and CAT/GMAT scores. However, work experience and past academic records will always play role in selection process.

Admission process for the session 2014 is expected to start after the release of CAT 2013 results on 14 January 2014.

Rise in GMAT score for indian students

The average GMAT score of Indians has been consistently increasing in last five years.In year 2007 -2008 average GMAT score of Indians was 568,but in 2008-2009 average GMAT score was 565.That was a big fall.It might be due to recession.In the next three years average GMAT score for Indian students was 578, 581 and 582 respectively.

Average GMAT score for other countries was as below last year

  • Belgium: 597
  • Argentina: 595
  • Australia: 598
  • Hungary: 585
  • South Korea: 586
  • Britain: 587
  • USA : 533
  • India: 582
  • China: 588

China is again competing with india at average score of 588 in 2011-12.The number of GMAT takers is far less as compared to India for example hungry

CAT going international

Starting from year 2013 non-resident Indians (NRIs) and people of Indian origin (PIO) will be able to attempt Common Admission Test (CAT).CAT is scheduled to hit international shores in 2013.

At present, NRIs and Indian origin people across the globe needs to appear for GMAT (Graduate Management Aptitude Test) conducted by GMAC. Prometric the company which conducts CAT in India, reported to sources that the company is in the process of taking CAT International.

The director explained that the IIMs have signed a new memorandum of association (MoA), which provide them the freedom to operate independently, and are waiting for the MoA to get established. Only after that will the global plans for CAT take wings.The IIMs are governed by an MoA approved by the government.

“There are many countries where student characteristics similar to that of Indian students. Many Asian countries have already been requesting us to bring CAT to them. I think this has been a big draw,” added another IIM director.

The IIMs say that CAT could also be conducted exclusively for international B-schools. Those in countries such as Nepal, Sri Lanka and West Asia want the IIMs to conduct CAT. Most admissions at these B-schools are through the GMAT.

However, the process and policies of international CAT are still being finalised.Clarity would be required if students can take CAT many times in an academic year. A candidate is allowed to take the GMAT five times in a year.

And whether CAT scores will be valid for more than a year needs to be decided. GMAT scores, for instance, are valid for five years.

Like GMAT, the CAT also assesses the potential of applicants for courses in business studies at the graduate level.

Global MBA Rankings 2012

Global MBA Rankings 2012

 

Rank in 2012 Rank in 2011 Rank in 2010 3 year average rank School name Country
           
1 4 4 3 Stanford Graduate School of Business US
           
2 3 3 3 Harvard Business School US
           
3 1 2 2 University of Pennsylvania: Wharton US
           
4 1 1 2 London Business School UK
           
5 7 6 6 Columbia Business School US
           
6 4 5 5 Insead France / Singapore
           
7 9 8 8 MIT: Sloan US
           
8 8 6 7 IE Business School Spain
           
9 9 11 10 Iese Business School Spain
           
10 6 9 8 Hong Kong UST Business School China
           
11 11 Indian Institute of Management, Ahmedabad India
           
12 12 9 11 University of Chicago: Booth US
           
13 14 15 14 IMD Switzerland
           
14 25 28 22 University of California at Berkeley: Haas US
           
15 20 20 18 Duke University: Fuqua US
           
16 21 22 20 Northwestern University: Kellogg US
           
17 15 13 15 New York University: Stern US
           
18 18 18 18 HEC Paris France
           
19 18 13 17 Dartmouth College: Tuck US
           
20 13 12 15 Indian School of Business India
           
20 15 16 17 Yale School of Management US
           
20 27 16 21 University of Oxford: Saïd UK
           
23 23 National University of Singapore Business School Singapore
           
24 17 22 21 Ceibs China
           
24 30 36 30 Cornell University: Johnson US
           
26 26 21 24 University of Cambridge: Judge UK
           
27 58 42 42 Warwick Business School UK
           
28 28 CUHK Business School China
           
29 24 28 27 University of Michigan: Ross US
           
30 36 25 30 Rotterdam School of Management, Erasmus University Netherlands
           
31 29 40 33 Manchester Business School UK
           
32 31 33 32 UCLA: Anderson US
           
33 21 19 24 Esade Business School Spain
           
34 33 27 31 Nanyang Business School Singapore
           
35 41 34 37 Carnegie Mellon: Tepper US
           
36 34 26 32 Cranfield School of Management UK
           
37 University of Hong Kong China
           
38 41 31 37 University of Virginia: Darden US
           
38 32 41 37 City University: Cass UK
           
40 38 34 37 Emory University: Goizueta US
           
41 35 36 37 Australian School of Business (AGSM) Australia
           
42 28 38 36 SDA Bocconi Italy
           
43 38 38 40 Georgetown University: McDonough US
           
44 46 45 45 University of Toronto: Rotman Canada
           
45 44 44 44 Rice University: Jones US
           
46 37 32 38 Imperial College Business School UK
           
46 53 63 54 Melbourne Business School Australia
           
46 73 57 59 Indiana University: Kelley US
           
49 59 Pennsylvania State University: Smeal US
           
49 52 48 50 University of Rochester: Simon US
           
51 65 Coppead Brazil
           
51 44 54 50 Texas A & M University: Mays US
           
51 49 52 51 University of Texas at Austin: McCombs US
           
54 Peking University: Guanghua China
           
54 60 89 68 University of Cape Town GSB South Africa
           
56 62 46 55 University of North Carolina:Kenan-Flagler US
           
57 46 52 52 University of Illinois atUrbana-Champaign US
           
58 40 43 47 University of Maryland: Smith US
           
59 49 54 54 York University: Schulich Canada
           
59 74 54 62 Purdue University: Krannert US
           
61 49 Washington University: Olin US
           
61 51 57 56 Vanderbilt University: Owen US
           
61 64 57 61 University of Southern California: Marshall US
           
61 57 95 71 McGill University: Desautels Canada
           
65 61 94 73 Hult International Business School US / UK / UAE / China
           
66 Sungkyunkwan University SKK GSB South Korea
           
66 72 67 68 Ohio State University: Fisher US
           
68 46 49 54 University of Western Ontario: Ivey Canada
           
69 74 47 63 Boston College: Carroll US
           
70 55 87 71 Vlerick Leuven Gent Management School Belgium
           
71 41 24 45 Lancaster University Management School UK
           
72 75 University of Minnesota: Carlson US
           
73 86 78 79 University of Washington: Foster US
           
74 97 Georgia Institute of Technology: Scheller US
           
74 63 67 68 Wisconsin School of Business US
           
76 77 Incae Business School Costa Rica
           
77 65 Michigan State University: Broad US
           
77 68 61 69 Boston University School of Management US
           
79 57 George Washington University US
           
80 78 79 79 Wake Forest University: Babcock US
           
81 53 72 69 University of California at Irvine: Merage US
           
82 80 82 81 University of British Columbia: Sauder Canada
           
83 University of Pittsburgh: Katz US
           
83 88 89 87 University of Edinburgh Business School UK
           
85 80 71 79 University of Notre Dame: Mendoza US
           
86 Northeastern University US
           
86 68 75 76 Birmingham Business School UK
           
86 78 98 87 University College Dublin: Smurfit Ireland
           
89 68 67 75 Thunderbird School of Global Management US
           
90 64 64 73 University of Iowa: Tippie US
           
91 73 Aston Business School UK
           
91 68 S P Jain School of Global Management Dubai / Singapore
           
93 University of St Gallen Switzerland
           
94 55 74 74 Durham Business School UK
           
95 80 67 81 University of South Carolina: Moore US
           
95 64 93 84 Ipade Mexico
           
95 90 89 91 Bradford University School of Management UK
           
98 91 83 91 Brigham Young University: Marriott US
           
98 88 96 94 SMU: Cox US
           
100 84 99 94 Babson College: Olin US
           

Gmat is changing on 5th june 2012… Are you ready?

Today’s business world is rich in data and information. To succeed in business, one needs to analyze information from a variety of resources, and develop strategies and make decision based on that information. It is Integrated Reasoning and it’s very important to learn for a business executive.

Beginning from June 5, 2012, the GMAT exam will measure student’s ability to solve problems of Integrated Reasoning.

The new Integrated Reasoning section of the GMAT exam will contain 12 questions.

Section Format

This section will be multiple choice section.
The 30-minute Integrated Reasoning section will consist of 12 questions in four new formats.

4 types of questions will be part of integrated reasoning.

Graphics Interpretation: Interpret the graph or graphical image and select the option from a drop-down list to make the answer statements accurate.Need to analyze graphs.

Two-Part Analysis: Select one answer from each column to solve a problem with a two-part solution. Possible answers will be presented in a table with a column for each part.

Table Analysis: Sort the table to organize the data so you can determine whether certain conditions are met. Each question will have statements with opposing answers (e.g., yes/no, true/false, inferable/not inferable); select one answer for each statement.

Multi-Source Reasoning: Click on the page to reveal different data and discern which data you need to answer the question.

 

New GMAT FORMAT

GMAT exam will be of same time as 3 hours 30 Minutes as past.

Just analytical reasoning section will be now only 30 minutes which was of 60 minutes in past.

New integrated reasoning section will take 30 minutes of analytical reasoning section.

 

 

Australian MBAs

Now almost every university — and many private colleges — offers an MBA in one way or another. Even the Australian Catholic University has one.

There are online MBAs, executive MBAs and MBAs done in conjunction with a juris doctor. There are MBAs that specialize in technology, although Third Degree wonders how these can be classed as MBAs. Isn’t an MBA supposed to be a generalist management degree?

MBAs also bring in money. They range in price from $27,000 at the Australian Catholic University to $64,000 at the Melbourne Business School.

There is no guarantee for quality in most of the courses.

If you read about MBAs offered in this country, you’ll find that some are marketed as ‘‘short’’. The ACU MBA can be done in one year. Students study in ‘‘intensive’’ mode, meaning that each of the 12 units is taught over two weekends. That’s two days for each subject over 24 weekends.

The Melbourne Business School’s MBA requires that students do 20 subjects over 16 to 20 months.

Some MBAs — such as those at Southern Cross and Deakin universities — can be done online. Yet doing an MBA over the internet doesn’t make sense, given that a large component of the course is supposed to get students to network.
Most Australian MBAs do not require students to do the GMAT.

Then there is the question of accreditation. The Association of MBAs, a US professional association, accredits MBA programs in almost 70 countries. Three Australian universities have the accreditation for their MBAs – Monash, Curtin and Queensland University of Technology.

Most Australian MBAs do not require students to do the GMAT.

Business schools also have different work requirements for prospective students. Some require that students have at least two years’ work experience and good marks in their undergraduate degree.

Some MBAs, however, are geared to new graduates, who have ‘‘limited work experience’’. That’s why RMIT divides its MBA into standard and executive options.

English requirements for international students also vary. Monash University’s new MBA requires a minimum score of 7 in the International English Language Testing System. At other universities, such as Victoria and New England, it is 6.5.

Third Degree has previously pointed out that the IELTS guide suggests that a score of 7.5 is acceptable for a linguistically demanding academic course. Surely an MBA falls into this category.

GMAT Exercise

Quest. 1. Critical Reasoning

In the India, of the people who moved from one state to another when they retired, the percentage who retired to Delhi has decreased by three percentage points over the past ten years. Since many local businesses in delhi cater to retirees, this decline is likely to have a noticeably negative economic effect on these businesses.

Which of the following, if true, most seriously weakens the argument?

A. Delhi attracts more people who move from one state to another when they retire than does any other state.

B. The number of people who move out of Delhi to accept employment in other states has increased over the past ten years.

C. There are far more local businesses in delhithat cater to tourists than there are local businesses that cater to retirees.

D. The total number of people who retired and moved to another state for their retirement has increased significantly over the past ten years.

E. The number of people who left delhiwhen they retired to live in another state was greater last year than it was ten years ago.

Answer to 1.

The question is asking for an answer choice that weakens the author’s conclusion that the decline in the percentage of retirees moving to delhi will have a negative economic effect on businesses that cater to retirees. The author arrived at such a conclusion because of his assumption that a decline in percentage points should be interpreted as a decline in actual number of retirees. The author is implicitly making an assumption that the number of retirees did not change during this period. However, the passage does not give any information on the change in the number of retirees over the past ten years. The answer choice that weakens the author’s conclusion will be one that tests author’s assumptions.

Therefore, the correct answer is (D) that the total number of retirees increased significantly, which means that although retirees moving to delhi declined percentage wise, the actual number of retirees could be higher than ten years ago. And since there are more retirees moving to delhi, businesses catering to them will not be negatively affected.

Quest 2. Sentence Correction: correct the underlined part

Native UK burial sites dating back 5,000 years indicate that the residents of at that time were part of a widespread culture of Algonquian-speaking people.

(a) were part of a widespread culture of Algonquian-speaking people

(b) had been part of a widespread culture of people who were Algonquian-speaking

(c) were people who were part of a widespread culture that was Algonquian-speaking

(d) had been people who were part of a widespread culture that was Algonquian-speaking

(e) were a people which had been part of a widespread, Algonquian-speaking culture

Answer to 2.

1) Because the main clause is using the verb (indicate) of present tense, the verb (had been) of past perfect tense can’t be used in the subordinate clause.

2) Connected with the subject “the residents,” the additional expression “people” cause redundancy.
3) In terms of a logical meaning, the adjective phrase “Algonquian-speaking” should modify “people,” not “culture.”

Quest 3. Problem Solving

At a certain food stand, the price of each Orange is $40 and the price of each orange is $60. Mary selects a total of 10 Oranges and oranges from the food stand, and the average (arithmetic mean) price of the 10 pieces of fruit is $56. How many oranges must Mary put back so that the average price of the pieces of fruit that she keeps is $52?

A. 1 B. 2 C. 3 D. 4 E. 5

Answer to 3.

Let the number of Oranges=x, the number oforanges=y: 40x+60y=560, x+y=10 > x=2, y=8, But since Mary must put back oranges (z)

40*2+60*(8-z)=52*(10-z), z=5, therefore the correct answer is E.

Quest 4. Data Sufficiency

Professor einstien gave a quiz to two classes. Was the range of scores for the first class equal to the range of scores for the second class?

(1) In each class, the number of students taking the quiz was 26, and the lowest score in each class was 70.

(2) In each class, the average (arithmetic mean) score on the quiz was 85.

A. Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient.

B. Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient.

C. BOTH statements TOGETHER are sufficient, but NEITHER statement ALONE is sufficient.

D. EACH statement ALONE is sufficient.

E. Statements (1) and (2) TOGETHER are NOT sufficient.

Answer to 4.
Because range = Max – min and the number of sets is 2 and the number of variables is 4, therefore the correct answer is E.

GMAT test dates

The GMAT is given year round during working days. You can take the test at any time.

Admission deadlines for graduate management programs vary, so check with the schools you’re interested in attending to make sure your GMAT exam appointment is early enough to allow your scores to be reported before the schools’ application deadline. Available time slots at test centers change continuously based on capacity and ongoing registration. You will find out which times are available at your chosen test center when you register.

Schedule your appointment early, so scores can be reported before your application deadline.

Global MBA Rankings 2011

Global MBA Rankings 2011

Current rank 3 year average rank School name Country Weighted salary (US$) Salary percentage increase
1 1 London Business School U.K. 145776 132
1 1 University of Pennsylvania: Wharton U.S.A. 171551 123
3 3 Harvard Business School U.S.A. 170238 116
4 5 Insead France / Singapore 147883 108
4 5 Stanford University GSB U.S.A. 183260 115
6 10 Hong Kong UST Business School China 133334 142
7 6 Columbia Business School U.S.A. 163407 117
8 7 IE Business School Spain 149584 136
9 11 Iese Business School Spain 131890 138
9 9 MIT Sloan School of Management U.S.A. 158387 121
11 Indian Institute of Management, Ahmedabad (IIMA) India 174440 152
12 11 University of Chicago: Booth U.S.A 151373 109
13 13 Indian School of Business India 134406 187
14 14 IMD Switzerland 145846 89
15 13 New York University: Stern U.S.A. 138865 119
15 17 Yale School of Management U.S.A. 146959 133
17 16 Ceibs China 126315 155
18 15 Dartmouth College: Tuck U.S.A. 155020 113
18 22 HEC Paris France 122828 106
20 21 Duke University: Fuqua U.S.A. 136563 107
21 19 Esade Business School Spain 125346 128
21 21 Northwestern University: Kellogg U.S.A. 143365 100
23 National University of Singapore School of Business Singapore 100456 140
24 25 University of Michigan: Ross U.S.A. 137189 104
25 28 University of California at Berkeley: Haas U.S.A. 144790 87
26 21 University of Cambridge: Judge U.K. 137199 101
27 21 University of Oxford: Saïd U.K. 132905 102
28 35 SDA Bocconi Italy 110186 123
29 34 Manchester Business School U.K. 116100 111
30 33 Cornell University: Johnson U.S.A. 140273 107
31 31 UCLA: Anderson U.S.A. 137726 106
32 38 City University: Cass U.K. 124006 90
33 28 Nanyang Business School Singapore 104952 121
34 32 Cranfield School of Management U.K. 132059 89
35 34 Australian School of Business: AGSM Australia 123520 99
36 29 Rotterdam School of Management, Erasmus University Netherlands 107969 91
37 36 Imperial College Business School U.K. 115563 92
38 32 Emory University: Goizueta U.S.A. 120835 105
38 39 Georgetown University: McDonough U.S.A. 127539 108
40 42 University of Maryland: Smith U.S.A. 110931 105
41 42 Carnegie Mellon: Tepper U.S.A. 127078 100
41 31 Lancaster University Management School U.K. 110526 95
41 33 University of Virginia: Darden U.S.A. 130788 102
44 47 Rice University: Jones U.S.A. 117812 104
44 52 Texas A & M University: Mays U.S.A. 108435 116
46 51 University of Illinois at Urbana-Champaign U.S.A. 102947 121
46 46 University of Toronto: Rotman Canada 98760 87
46 47 University of Western Ontario: Ivey Canada 104327 97
49 50 University of Texas at Austin: McCombs U.S.A. 119298 93
49 51 York University: Schulich Canada 87849 94
51 55 Vanderbilt University: Owen U.S.A. 115194 105
52 49 University of Rochester: Simon U.S.A. 111226 110
53 56 Melbourne Business School Australia 111621 77
53 66 University of California at Irvine: Merage U.S.A. 101495 113
55 70 Durham Business School U.K. 101181 89
55 72 Vlerick Leuven Gent Management School Belgium 105484 87
57 McGill University: Desautels Canada 92937 97
58 46 Warwick Business School U.K. 109311 66
59 Pennsylvania State University: Smeal U.S.A. 110085 88
60 73 University of Cape Town GSB South Africa 140896 76
61 84 Hult International Business School U.S.A. / U.K. / U.A.E. / China 107079 87
62 51 University of North Carolina: Kenan-Flagler U.S.A. 114650 88
63 75 Wisconsin School of Business U.S.A. 106523 100
64 76 Arizona State University: Carey U.S.A. 98862 96
64 Ipade Mexico 96729 139
64 64 University of Iowa: Tippie U.S.A. 92658 119
64 60 University of Southern California: Marshall U.S.A. 116448 86
68 75 Birmingham Business School U.K. 97119 87
68 62 Boston University School of Management U.S.A. 104796 99
68 SP Jain Center of Management Dubai / Singapore 81512 106
68 67 Thunderbird School of Global Management U.S.A. 102984 98
72 73 Ohio State University: Fisher U.S.A. 100191 95
73 63 Indiana University: Kelley U.S.A. 112676 86
74 70 Boston College: Carroll U.S.A. 111114 83
74 69 Purdue University: Krannert U.S.A. 100252 94
74 55 University of Strathclyde Business School U.K. 103801 87
77 Incae Business School Costa Rica 89212 106
78 92 University College Dublin: Smurfit Ireland 105354 72
78 81 Wake Forest University: Babcock U.S.A. 108520 110
80 78 University of British Columbia: Sauder Canada 88894 72
80 76 University of Notre Dame: Mendoza U.S.A. 107914 101
80 71 University of South Carolina: Moore U.S.A. 91297 93
83 University of California: Davis U.S.A. 100875 93
84 91 Babson College: Olin U.S.A. 113392 85
84 Eada Spain 90881 86
86 College of William and Mary: Mason U.S.A. 98238 102
86 77 University of Washington Business School: Foster U.S.A. 107118 73
88 85 SMU: Cox U.S.A. 103150 89
88 90 University of Edinburgh Business School U.K. 102068 64
90 89 Bradford School of Management/TiasNimbas Business School U.K. / Netherlands / Germany 84274 81
91 89 Brigham Young University: Marriott U.S.A. 99557 102
92 Pepperdine University: Graziadio U.S.A. 100000 103
93 University of Georgia: Terry U.S.A. 101750 82
94 Leeds University Business School U.K. 95498 70
94 78 University of Florida: Hough U.S.A. 93317 85
96 Politecnico di Milano School of Management Italy 74184 94
97 Georgia Institute of Technology U.S.A. 105000 60
98 IAE Business School Argentina 72797 82
99 Kaist College of Business South Korea 98927 74
100 EM Lyon Business School France 89246 53

INDIA's Best MBA college

The Financial Times has just released its new global MBA rankings for 2011.According to the Global MBA Rankings 2011, the Post Graduate Programme in Management for Executives (PGPX) delivered by the Indian Institute of Management Ahmedabad (IIM-A) was placed 11th. This is the first time IIM-A has been included in the ranking.Next indian college in this list is ISB which is at 13 th position.

For IIM-A, an important component of being eligible for this ranking is that three batches of students should have passed out of a B-school to qualify for this particular ranking.

Shailesh Gandhi, professor and chairperson of the PGPX programme of IIM-A, said: “This ranking proves we are moving into the international league. ISB always had the advantage of a substantial international faculty component, which IIM-A has not had. Another important feature for the ranking is the substantial work experience of the students and this speaks highly of our batch profile. Most of the students of this batch are about 32-33 years and have an average work experience of 11 years. This comparative advantage that was garnered by the institute will simply add on the strength of its students work profile before they joined the PGPX programme.”

In September 2010, IIM-A had been ranked eighth for its two-year postgraduate programme in management (PGP) in the Financial Times Masters in Management 2010 ranking from among 71 programmes.