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GMAT Quantitative exam
GMAT Quantitative outline
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In addition to the Online Application, applicants must complete the following:

1. Application fee (non-refundable) of $70

Checks and money orders should be made payable to Rutgers, the State University of New Jersey. Do not send cash. This can also be paid online via a credit card.

The application fee is waived for all military and veteran applicants. If you fall into this category, please e-mail Tishawn Hatchett at tishawnb@business.rutgers.edu prior to submitting your application and send her a copy of your DD 214 form or a copy of your military ID card. Do NOT include your social security number when e-mailing the form. Please block it out prior to sending.

2. Official Transcripts

To expedite the review process, applicants should upload unofficial transcripts to the online application or via email to the admission office. Upon being accepted and committing to the program, applicants must mail in an official transcript for each undergraduate and graduate institution attended.

For Rutgers graduates, please note that even though you are applying to Rutgers as an alumnus, you still need to contact the Registrar's office and request your official transcript be mailed to our office upon admission to the program.

Applicants holding international transcripts do not need to have their transcripts evaluated unless advised by the Rutgers Business School Admissions Committee. For more information on this, or if you are a domestic applicant holding international transcripts, please refer to our international instructions.

3. GMAT or GRE Test Results

Official GMAT or GRE test results, taken within five years from the term of entrance, are required.

  1. GMAT code: QK5-XT-02
  2. GRE code: 5529

Applicants holding one of the following degrees are exempted from the GMAT/GRE: JD, PhD, MD, PharmD, MS, MA or MBA.

You will be considered for (but not automatically given) a GMAT/GRE waiver if you meet at least one of the following criteria:

  • Five or more years of professional work experience after completing undergraduate degree.
  • Four or more years of military experience.

You can request a GMAT waiver in your online application - additional fields will appear once you check the waiver request checkbox, where you can submit which criteria you meet for your request.

Please click here to try a trial GMAT quiz.

4. Test of English as a Foreign Language (TOEFL), IELTS, or Pearson Test of English Academic (PTE Academic)

You must submit the TOEFL, IELTS or PTE Academic test if English is not the official language in your country. Applicants from countries with more than one official language, including English, (Pakistan, India, Hong Kong, etc.) are not exempt from taking the exam. This requirement can be waived for applicants who have obtained an undergraduate or graduate degree in the U.S. or another English-only speaking country (England, Australia, etc.). This requirement can also be waived if you have three (3) or more years of full-time work experience in the United States.

  1. TOEFL Code: B355
  2. IELTS: Please contact IELTS and have your score sent to our office (address listed below).
  3. PTE Academic is a computer-based academic English language proficiency test designed to measure reading, writing, listening and speaking skills, as they are used in an academic setting. Rutgers Business School requires a minimum score of 68 on PTE Academic.

5. Letters of recommendation

Letters of recommendation are not required for this program.

6. Submit your current resume

This can be done through the online application.

7. Essay

All applicants are required to write a personal essay which should cover the following topics:

  • Why are you interested in quantitative finance?
  • How is your background appropriate for quantitative finance?
  • Why did you choose the MQF program at Rutgers Business School?
  • What are your career objectives?
  • What have you done to prepare for our program?

8. International Applicants

Additional requirements apply to international applicants.

Rutgers Business School — Newark and New Brunswick
Office of Graduate Admissions
1 Washington Park, Sixth Floor
Newark, New Jersey 07102

Wed, 01 Dec 2021 05:38:00 -0600 en text/html https://www.business.rutgers.edu/masters-quantitative-finance/application-checklist
Killexams : What Is The GMAT? Everything You Need To Know About The Exam

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations.

The Graduate Management Admission Test (GMAT)® is a standardized test required for admission to most graduate business programs. If you’re considering going back to school for your MBA degree or another business-related master’s degree, it’s likely you will have to take the GMAT.

In this article, we’ll walk you through everything you need to know about the GMAT, including when to take it, how the test is formatted and tips for success.

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What Does the GMAT Cover?

There are four sections on the GMAT exam. Test-takers have three hours and seven minutes to complete the whole exam, which comprises 80 questions total. Each test-taker can choose the section order they prefer, of which there are three options:

  • Option One: Analytical writing assessment, integrated reasoning, quantitative reasoning, verbal reasoning
  • Option Two: Verbal reasoning, quantitative reasoning, integrated reasoning, analytical writing assessment
  • Option Three: Quantitative reasoning, verbal reasoning, integrated reasoning, analytical writing assessment

Below, we’ll break down each section to supply you a better understanding of what to expect as you move through the test.

Analytical Writing Assessment (Essay)

You’ll be asked to complete an essay as part of the GMAT exam. Your score on this section gives business schools a general sense of your writing skills. The essay section asks you to critique an argument, and your score depends on your ability to analyze the issue, organize your argument and provide clear and concise logic.

Test-takers have 30 minutes to complete the essay portion, which includes only one question.

Integrated Reasoning (IR)

The IR section was added in 2012, making it relatively new to the GMAT. This section draws on both verbal and quantitative skills. IR problems require you to use logic to interpret data in charts, graphs and tables.

This section features four types of problems: multi-source reasoning, table analysis, graphics interpretation and two-part analysis.

The IR section comprises 12 questions and is capped at 30 minutes.

Quantitative Reasoning (Math)

The math section measures your understanding of basic math syllabus such as number properties, geometry, logic, statistics and algebra. There are only two types of problems in the quantitative section.

  • Data sufficiency. The quantitative section features about 13 or 14 data sufficiency problems, which are essentially logic problems disguised as math problems. You’ll be given a question stem and two accompanying statements. You’ll need to determine whether the provided statements are sufficient to solve the problem.
  • Problem-solving. The GMAT’s problem-solving questions, of which there are 17 or 18, resemble those on other common standardized tests like the SAT. You’ll be given a question and five possible answer choices. Once you solve the problem, you’ll choose the answer that corresponds to the solution.

Test-takers must finish the math portion within 62 minutes.

Verbal Reasoning

There are three types of problems in the GMAT’s 36-question verbal section. These problems seek to determine your ability to understand written English, read critically and effectively analyze an argument. Below we break down the types of problems found in this section.

  • Sentence correction. You’ll face 12 or 13 problems presenting long, complicated sentences with subtle errors. You’ll be responsible for finding and correcting the errors via multiple choice.
  • Critical reasoning. You’ll be given nine or 10 short arguments or statements, each paired with a question that relates to the argument in some way. These questions measure your critical thinking skills. You might be asked to strengthen or weaken an argument or find or evaluate a conclusion.
  • Reading comprehension. Expect to answer 12 to 14 memorizing comprehension questions based on a few lengthy, academic passages. Some questions measure your ability to summarize the main idea. Others may ask you to make inferences based on what you’ve read. These questions may also ask whether or not the logic put forth in the passage is sound.

The time limit for this section is 65 minutes.

How Is the GMAT Scored?

Though the GMAT is a standardized exam, it’s also adaptive. This means you’ll start each section of the test with a question of medium difficulty. If you answer the first question correctly, you’ll get a more difficult question next. If you answer incorrectly, the subsequent question will be easier. Your score is calibrated based on the difficulty level of the questions you’re answering.

GMAT scoring breaks down as follows.

  • Analytical writing. Each GMAT essay is reviewed by both a person and a computer, each of whom provides a score. These two scores are averaged to determine your final score. You’ll receive a score between zero and six, including half-point increments. This score is not included in your total GMAT score.
  • Integrated reasoning. This section is scored from one to eight in one-point increments.
  • Quantitative. The score technically ranges from zero to 60, but in reality, all scores fall between six and 51.
  • Verbal. This section is scored the same way as the quantitative section.

Total Score

When you take the GMAT, you’ll technically receive four scores—one for each section. However, the quantitative and verbal sections are scored together to make up what’s known as your “total score,” which is the score most business schools use during the admissions process. The total score is reported in 10-point increments from 200 to 800.

What Is a Good Score on the GMAT?

A “good score” is subjective and depends on your individual goals. We recommend studying hard, doing your best and applying to schools that are likely to admit you based on your GMAT scores.

That said, GMAC reports that two-thirds of GMAT test-takers score between 400 and 600. The average score is around 575. Test-takers in the 90th percentile score a 710 or higher. Some of the most competitive business programs in the U.S. tend to admit students who scored in the 90th percentile on the GMAT. See below for a few examples.

How to Take the GMAT

Starting in April 2020, GMAC began offering the GMAT online. This test format is still available, giving test-takers the choice to test at an in-person center or online.

Registering for the GMAT

Learners planning to take the GMAT should first determine whether they want to take the test at a Exam Center or online. If planning to enter an MBA program, students should consider creating an account at mba.com before following the steps involved to register for the GMAT.

The most involved part of the registration process is determining when to take the exam. We recommend first checking the application deadlines of the schools where you plan to apply. You can then register to take the GMAT at least three weeks before the earliest application deadline. This helps ensure that your scores are successfully transmitted to the schools of your choice by their application deadlines.

Testing Center vs. Online

In most respects, the in-person and online GMAT exams are the same. The test fee is $25 more for the online GMAT. Otherwise, the test formats differ as follows.

  • Availability. Test-center GMAT exams are available up to seven days. The online test is available 24/7.
  • Scratch work. At a testing center, you receive a five-page booklet and two dry-erase markers. At home, you can use a personal whiteboard and/or an online whiteboard (provided).
  • Sending score reports. For the online test, you must send your five free score reports to your chosen programs within 48 hours of receiving your official score report. If you take the test in person, this 48-hour limit does not apply.

How Much Does the GMAT Cost?

In the U.S., it costs $275 each time you take the GMAT at a testing center, or $300 if you take the test online, according to mba.com. Make sure you’re available on the day you register to take the GMAT, as rescheduling the test incurs additional fees, and cancellation provides only a partial refund.

The initial test fee includes the cost of sending score reports to up to five programs. Each additional score report costs $35. If you want your essay section rescored, this costs $45.

Many students take the test several times to make sure they get the best score possible, so make sure to budget for that in case you’d like to try again after your first attempt.

Retaking the GMAT

You can take the GMAT up to five times within any rolling one-year period, but you can only take the test up to eight times total. You must wait 16 calendar days between test attempts.

GMAT Preparation Tips

What’s the best way to ensure success on the GMAT? Every test-taker is different, but the following test tips work for most individuals. Use mba.com’s free eight-week study planner for more guidance on test prep.

  • Start studying early. A GMAC survey of 3,600 test-takers found that 62% of respondents began their preparation four or more weeks ahead of their test date. In addition, test-takers who studied more scored higher: 60 hours or more of preparation yielded scores higher than 500.
  • Take a prep course. While there’s no ensure that a prep course can enhance your score, these courses can teach you about time management, hold you accountable and they can provide valuable insider tricks to mastering questions on the exam.
  • Practice time management. Running out of time on one of the sections of the GMAT is an unfortunate way to reduce your score, even if you know the information. It’s wise to practice pacing before test day—ideally by taking a practice exam—to supply you a sense of how long you can spend on each question.
  • Take GMAT practice exams. Aside from helping you set a good test-taking pace, practice exams can help you prepare for other aspects of the real thing. You can find practice tests online or in a test prep book from the bookstore. Two free practice exams are available at the mba.com test prep store.
Tue, 24 Jan 2023 14:21:00 -0600 Christin Perry en-US text/html https://www.forbes.com/advisor/education/guide-to-gmat/
Killexams : Master of Quantitative Finance

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Killexams : GRE and GMAT

Several programmes require GRE (Graduate Record Examination) or GMAT (Graduate Management Admissions Test) scores. The requirement, if present, will be indicated in the ‘key facts’ box at the start of each programme page, which you can find via our available programmes page. We require a GMAT or GRE which contains all elements of the test - if your online test does not contain all elements, we will be unable to accept it.

If GRE or GMAT scores are required by your chosen programme(s) it is essential that you supply them at the time you apply – your application will not be considered without them. You must include your test scores in the relevant section of the online application form, stating the percentile and marks obtained for all sections of the test. Your test scores should be less than five years old on 1 October 2023. GRE/GMAT scores are often a vital deciding factor, so you will not be able to submit your application without them if they are required by your programme(s).

How to send us your scores

You should share your score report with LSE via Educational Testing Service (ETS) as well as entering your scores in the relevant section of the online application form. The LSE institution code for the GRE is 0972; no department code is required as the scores are processed centrally. The LSE institution code for the GMAT is HMT 86-56. For more information about the tests, please see www.gre.org or www.mba.com, or see www.ets.org

Recommended but not required

Applicants for some programmes may be recommended to take a test, particularly if quantitative skills are not demonstrated by their degree. If you submit scores when you are not required to, poor scores will not damage your application, but good scores may strengthen it.

Exceptions

The details listed below are exceptions to the GRE/GMAT requirements. These are the circumstances in which applicants do not need to submit GRE or GMAT scores when applying to a programme which would usually require them. Please check if the programme you plan to apply to requires GRE/GMAT. If the programme requires GRE/GMAT and does not appear in the list below, this means that there are no exceptions and all applicants must supply the required scores in order to be considered.

In all cases, departments may still request students to take a GRE/GMAT test, even where an exemption applies.

GRE: If your chosen programme requires/accepts GRE scores, you may take the online version of the test.

Further details about the ‘GRE General Test at Home’ can be found here: https://www.ets.org/s/cv/gre/at-home/.

GMAT: If your chosen programme requires/accepts GMAT scores, you may take the online version of the test, however if the test was taken before April 8, 2021 and therefore doesn’t contain the AWA component, your department can ask you to take a new, full test if they wish to do so.

Further details about the ‘GMAT Online Exam’ can be found here: https://www.mba.com/exams/gmat-online.

GMAT required

Exempt if:

  • You are currently studying on a UK undergraduate degree taught entirely in the UK.
  • You have been awarded a UK undergraduate degree taught entirely in the UK.
  • You are currently studying on a UK postgraduate diploma taught entirely in the UK.
  • You have been awarded a UK postgraduate diploma taught entirely in the UK.
  • You have been awarded a bachelor’s degree from, or are currently a student of, the University of London International Programmes (UoLIP).

Please note that if you have graduated with a grade lower than a 2:1 degree (or are not predicted to graduate with a 2:1) then you are recommended to submit a GMAT score with your application. 

GRE or GMAT required

Exempt if:

  • You do not have access to a GRE or GMAT test centre in your country of residence.
  • You do not have sufficient funds to pay for a GRE or GMAT test.

GRE required

Exempt if:

  • You are currently studying on a UK undergraduate degree taught entirely in the UK.
  • You have been awarded a UK undergraduate degree taught entirely in the UK.
  • You have been awarded, or are currently studying, an undergraduate degree where at least the last 2 years were studied as part of a bachelor's degree at a UK institution. For example: you have studied at a non-UK institution and transferred to study the last 2 years at a UK institution OR you are studying a 2+2 dual degree with the last 2 years at a UK institution.
  • You have been awarded a UK Master's degree taught entirely in the UK.
  • You do not have access to a GRE or GMAT test centre in your country of residence.
  • You do not have sufficient funds to pay for a GRE or GMAT test.

GRE required

Exempt if:

  • You are currently studying a UK undergraduate degree taught entirely in the UK. The degree must be either purely an Economics degree or a joint Economics degree with a substantial element of economics and quantitative subjects.
  • You have been awarded a 2:1 or better UK undergraduate degree taught entirely in the UK. The degree must be either purely an Economics degree or a joint Economics degree with a substantial element of economics and quantitative subjects.
  • You have been awarded a bachelor's degree from, or are currently a student of, the University of London International Programmes (UoLIP) taught entirely through UoLIP. The degree must be either purely an Economics degree or a joint Economics degree with a substantial element of economics and quantitative subjects.
  • You have been awarded, or are currently studying, an undergraduate degree where at least the last 2 years were studied as part of a bachelor's degree at a UK institution. The degree must be either purely an Economics degree or a joint Economics degree with a substantial element of economics and quantitative subjects. For example: you have studied at a non-UK institution and transferred to study the last 2 years at a UK institution OR you are studying a 2+2 dual degree with the last 2 years at a UK institution.
  • You have been awarded a UK postgraduate diploma in Economics, taught entirely in the UK - or you hold a postgraduate diploma in Economics from the University of London International Programmes (UoLIP) - and can provide a full and final transcript as well as an academic reference from a teacher who taught you on that diploma.
  • You do not have access to a GRE or GMAT test centre in your country of residence.
  • You do not have sufficient funds to pay for a GRE or GMAT test.

Please note that GRE is recommended for applicants who did not achieve - or are unlikely to achieve - a 1st class degree or equivalent, and/or if the degree is non-quantitative.

GRE required

Exempt if:

  • You do not have access to a GRE or GMAT test centre in your country of residence.
  • You do not have sufficient funds to pay for a GRE or GMAT test.

GRE or GMAT Required

Exempt if:

  •  You are currently studying on a UK undergraduate degree taught entirely in the UK.
  • You have been awarded a UK undergraduate degree taught entirely in the UK.
  • You have been awarded a UK Master's degree taught entirely in the UK.
  • You have been awarded a UK postgraduate diploma taught entirely in the UK.

GRE or GMAT required (GMAT preferred)

Exempt if:

  • You are currently studying on a UK undergraduate degree taught entirely in the UK.
  • You have been awarded a UK undergraduate degree taught entirely in the UK.
  • You have been awarded a bachelor's degree from, or are currently a student of, the University of London International Programmes (UoLIP).
  • The relevant test(s) are not available either in person or online in your country of residence.

GRE or GMAT required

Exempt if:

  • You are currently studying on a UK undergraduate degree taught entirely in the UK.
  • You have been awarded a UK undergraduate degree taught entirely in the UK.
  • You have been awarded a bachelor's degree from, or are currently a student of, the University of London International Programmes (UoLIP).
  • The relevant test(s) are not available either in person or online in your country of residence.

GRE or GMAT required (GMAT preferred)

Exempt if: 

  • You are currently studying on a UK undergraduate degree taught entirely in the UK.
  • You have been awarded a UK undergraduate degree taught entirely in the UK.
  • You have been awarded a bachelor's degree from, or are currently a student of, the University of London International Programmes (UoLIP).
  • The relevant test(s) are not available either in person or online in your country of residence.

GRE or GMAT required

Exempt if:

  • You are currently studying on a UK undergraduate degree taught entirely in the UK.
  • You have been awarded a UK undergraduate degree taught entirely in the UK.
  • You are currently studying on a UK Master's degree taught entirely in the UK.
  • You have been awarded a UK Master's degree taught entirely in the UK.
  • You are currently studying on a UK postgraduate diploma taught entirely in the UK.
  • You have been awarded a UK postgraduate diploma taught entirely in the UK.

GRE or GMAT required

Exempt if:

  • You are currently studying on a UK undergraduate degree taught entirely in the UK.
  • You have been awarded a UK undergraduate degree taught entirely in the UK.
  • You are currently studying on a UK Master's degree taught entirely in the UK.
  • You have been awarded a UK Master's degree taught entirely in the UK.
  • You are currently studying on a UK postgraduate diploma taught entirely in the UK.
  • You have been awarded a UK postgraduate diploma taught entirely in the UK.

GRE or GMAT required

Exempt if:

  • You have been awarded or are currently studying any of the following undergraduate or postgraduate qualifications at the London School of Economics and Political Science: BSc Economics, BSc Econometrics and Mathematical Economics, BSc Economics with Economics History, BSc  Economic History and Economics, BSc Economic History with Economics, BSc Finance, BSc Financial Mathematics and Statistics, BSc Mathematics and Economics, BSc Mathematics with Economics,  BSc Mathematics, Statistics and Business, BSc  Management, and MSc Management. Applicants who have been awarded or are currently studying the BSc in Economic History (without Economics) and BSc in Accounting and Finance will have to provide GMAT or GRE scores.

GRE or GMAT required

Exempt if:

  •  You are currently studying on a UK undergraduate degree taught entirely in the UK.
  • You have been awarded a UK undergraduate degree taught entirely in the UK.
  • You are currently studying on a UK Master's degree taught entirely in the UK.
  • You have been awarded a UK Master's degree taught entirely in the UK.

However, please note that submitting a GMAT or GRE score is highly desirable and will strengthen your application.

GRE or GMAT required (GMAT preferred)

Exempt if:

 You are currently studying on a UK undergraduate degree taught entirely in the UK.

  • You have been awarded a UK undergraduate degree taught entirely in the UK.
  • You have been awarded a bachelor's degree from, or are currently a student of, the University of London International Programmes (UoLIP).
  • The relevant test(s) are not available either in person or online in your country of residence.
Fri, 14 Aug 2020 21:54:00 -0500 en-GB text/html https://www.lse.ac.uk/study-at-lse/Graduate/Prospective-students/Entry-requirements/GRE-and-GMAT
Killexams : What the GRE Test Is and How to Prepare No result found, try new keyword!A grad school hopeful might take a math subject test in order to demonstrate quantitative skills to grad ... to accept GRE scores in lieu of the GMAT, the traditional business school entrance ... Mon, 25 Jun 2018 03:17:00 -0500 text/html https://www.usnews.com/education/best-graduate-schools/articles/what-the-gre-test-is-and-how-to-prepare Killexams : What Is Quantitative Easing (QE)? How Does It Affect the Economy? No result found, try new keyword!What Is Quantitative Easing (QE) in Simple Terms? In modern finance, when the economy hits a rough patch, central banks often come to the rescue with emergency monetary stimulus, known as ... Sat, 11 Feb 2023 23:37:00 -0600 text/html https://www.thestreet.com/dictionary/q/quantitative-easing Killexams : MSc Quantitative Finance / Overview
Meet us at an event to find out more about our master's degree courses.

Meet us >>  

For entry in the academic year beginning September 2023, the tuition fees are as follows:

The fees quoted above will be fully inclusive for the course tuition, administration and computational costs during your studies.

Refund Policy

Due to the competition for places and limited availability, this course requires a deposit of £2,000 to cover non-recoverable costs and secure your place. The deposit will be deducted from your tuition fees when you register on the course.

The deposit is non-refundable, except in the following situations:

  • you fail to meet the conditions of your offer (see below for further information); and/or
  • you are refused a visa or entry clearance to enter the UK (proof must be submitted)

If an offer has been made specifying an English Language condition which you do not meet, the Admissions Team will require the official certificate of an English Language test taken after the date of offer as evidence that you have attempted to meet your offer conditions for a refund to be approved. The English Language test certificate provided with your application documents will not be accepted as proof that you have attempted to meet your offer conditions as such a certificate will predate the offer.

If an offer has been made specifying an academic condition, the Admissions Team will require the official university documentation showing that you have not met this academic condition from the institution at which you have studied, as evidence for a refund to be approved.

The Admissions Team reserves the right to refuse to refund of any deposit that does not meet with the requirements outlined above.

All students should normally be able to complete their programme of study without incurring additional study costs over and above the tuition fee for that programme. Any unavoidable additional compulsory costs totalling more than 1% of the annual home undergraduate fee per annum, regardless of whether the programme in question is undergraduate or postgraduate taught, will be made clear to you at the point of application. Further information can be found in the University's Policy on additional costs incurred by students on undergraduate and postgraduate taught programmes (PDF document, 91KB).

Contact us for further information about the new Accounting and Finance scholarship for UK/EU students and other scholarships available.

Use the links below to view lists of courses in related subject areas.

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Killexams : Best Online MBA Programs – No GMAT/GRE Required
Rethink Your Approach to Business

GMAT waivers are available for the online MBA from Rice Business, which enables aspiring entrepreneurs to earn their MBA in as few as 24 months. Students amplify their technical and leadership skills and can select from electives such as finance, marketing, entrepreneurship, strategy and operations. Located in the energy industry hub of Houston, Texas, Rice Business also features specialized electives focused on the energy field.

Wed, 09 Feb 2022 04:56:00 -0600 en text/html https://fortune.com/education/business/best-online-mba-programs/no-gmat-gre-required/
Killexams : Methodology: 2023 Best Business Schools Rankings No result found, try new keyword!Earning a master's degree in business enables students to build professional networks, identify career opportunities, and Improve prospects for promotions and raises. U.S. News' Best Business ... Mon, 12 Mar 2012 15:47:00 -0500 text/html https://www.usnews.com/education/best-graduate-schools/articles/business-schools-methodology Killexams : Best Online MBA Programs in 2022-23

What is an MBA and what will you learn in an online program?

An MBA, short for master of business administration, is the internationally recognized graduate-level degree that focuses on business leadership and management. The degree is intended to prepare graduates to lead organizations, and is offered in a variety of formats including online, in-person, and a hybrid of the two. There is no real difference between an online MBA program and an on-campus program other than the way courses are held—and, in fact, the curriculum is likely to be the same with classes taught by the same professors.

General curriculum and skills taught

Most business schools have a “core” set of coursework that are required of all MBA candidates, including accounting, management, marketing, and finance. These courses may account for about half of a student’s time in business school, and the content covered is likely to be similar from school-to-school or across the different MBA formats. 

As part of the MBA curriculum, MBA students can expect to learn some technical skills, such as how to perform statistical analysis or decipher financial statements. What’s more, graduates will acquire soft skills that include how to manage a team and tackle ethical dilemmas that arise in a workplace.

Capstone (final project)

The final step before graduation at many business schools is a capstone project, which students typically complete in a team. These projects are designed to mimic problems a business leader might face, and some business schools even facilitate capstone projects in partnership with companies or organizations.

A capstone project is similar to a thesis in that it’s a requirement for graduation. Whereas a thesis is usually an individual endeavor and typically takes the form of a long research paper focused on research and theory, capstone projects are designed to be more practical and solutions-oriented and are completed in teams.

Specializations and concentrations

The core MBA curriculum is designed to provide a comprehensive overview of business and management topics. Advancing within the business world typically requires some sort of specialization, and MBA students can choose from a variety of concentrations to add specificity to their general business education. 

Concentrations in MBA programs may include the following options:

Admissions information

Admissions requirements may vary from one business school to another, but generally include:

  • Successful completion of a bachelor’s degree, as demonstrated by an official transcript from the college or university
  • A résumé that highlights relevant work and educational experience
  • A personal statement or essay that allows applicants to distinguish themselves
  • Letters of recommendation from supervisors, professors or alumni
  • GMAT and GRE scores are increasingly waived by many online MBA programs, including for students who meet minimum undergraduate GPA requirements
  • Some online MBA programs require applicants to complete an interview with admissions officers

GMAT, GRE & GPA

The GMAT has historically been the standardized test of choice for MBA applicants, while the GRE was favored by students applying to other types of graduate-level degree programs. Online MBA programs will generally accept either test—though many schools no longer require a test score at all or offer waivers to students based on factors like work experience or undergraduate GPA.

Most programs don’t have strict minimum GPA requirements, though students may wish to supplement a low undergraduate GPA with standardized test scores.

Which factors drive acceptance?

As with any admissions decision, no single factor is likely to make-or-break a candidate’s chances at being accepted into an online MBA program. Rather, admissions officers generally take a holistic approach when considering an applicant’s educational background and work experience. Because test scores are increasingly optional, many business schools place a heavier emphasis on the personal statements and letters of recommendation.

The online MBA experience: What is it like to study online?

The number of fully online MBA programs has surged in latest years, which has made this an increasingly common way for students to pursue this degree. Many programs offer a mix of both synchronous and asynchronous learning, meaning courses that either need to be attended live at a particular time or can be viewed at the student’s convenience. Even though students don’t need to be physically present, they can expect to spend time doing group projects and participating in class discussions via video conferencing or using other technology.

Students in online MBA programs are often attending school part-time, which means they must juggle work and family obligations in addition to coursework. Many business schools strive to replicate the in-person, on-campus experience by offering the same services—such as networking events or career services—online. And some programs even offer the option for immersive, on-campus components that typically last a few days. 

How to choose the best online MBA for you: Factors to consider beyond rankings

While Fortune’s ranking of online MBA programs can be a valuable resource, prospective students may want to take into account a broader array of factors when choosing an online MBA program. The cost of the program, of course, is important for most students who are self-funding their MBA education. In addition, a school’s prestige, the strength of its alumni network, and the variety of concentration options it offers may be important to students looking to switch careers. Finally, some students may be particularly motivated to complete the degree quickly, in which case when the program starts and how long it takes to complete may be a priority.

Accreditation

Even if accreditation doesn’t matter to you, it may matter to recruiters and potential employers—and that’s why receiving an MBA degree from an accredited institution may bolster your return on investment. The Association to Advance Collegiate Schools of Business (AACSB) conducts a rigorous accreditation process of business schools to ensure their MBA programs provide students with the courses and learning they will need to succeed.

Start times, schedule, and program length

About half of the schools on Fortune’s ranking of the best online MBA programs offer rolling admissions, meaning that students can apply at any time and start classes at the next-available date. Because students can dictate their schedules, many MBA candidates in online programs attend school while working full-time, though there are also accelerated options for those students who want to finish the program in as little as one year. Such flexibility is a primary reason why the online format appeals to students who are motivated to complete the degree to advance within their current company or switch jobs after graduation.

Prestige

Prestige can mean different things to different people—but the prestige of a business school’s on-campus program is typically shared by its online program. For students, a school’s name reputation locally may be more important than on a national basis, particularly if they’re looking to change jobs after graduation. Meanwhile, recruiters may be eager to recruit students from MBA programs that are especially well-regarded for particular concentrations or based on the reputation of prior alumni who were hired from that program.

Concentrations

Most MBA students matriculate with a post-graduation career plan in mind, even if they change those plans while obtaining the degree. Concentrations may weigh heavily into those career considerations—and selecting an online MBA program. For example, business schools that are located within close proximity to an urban area dominated by particular industries, like tech or finance, may be good feeder schools for those industries.

Cost

Tuition can vary widely among online MBA programs, from as little as $10,000 per year to nearly $80,000. While some scholarships are available to defray costs and employers may partially reimburse students for the cost of the degree, many students end up self-funding their education with student loans. Graduate students may borrow up to $20,500 in federal loans, though these loans also carry higher interest rates. As a result, cost is certainly a factor that most students will consider—and particularly when deciding between two different programs.

Network and access to alumni

The value of an MBA is derived from more than what’s taught in the classroom. Rather, pursuing an MBA is as much about building a network among fellow classmates and alumni. While the size of a program will dictate how big the alumni network, applicants may also want to consider how robust that network is in terms of facilitating opportunities to meet fellow graduates—all of which can help with career advancement.

Immersive experiences (on-campus visits)

Many online MBA programs offer in-person elements, such as on-campus visits or study abroad opportunities. Even if students complete a bulk of their degree program online, these immersive experiences can help them to forge bonds with their peers and professors and feel more connected to the business school. Students who are eager for some in-person elements to a program may also want to consider programs that offer a hybrid option of online and in-person.

Careers for MBA graduates

Not only does an MBA degree open the door to more job opportunities, graduates typically earn higher salaries, as well. The median salary for new MBA grads, at $115,000, is 77% higher than the salary for people who only have a bachelor’s degree, according to figures from the Graduate Management Admission Council. There’s a wide range of salaries for MBA grads, however, based on location, industry, and a candidate’s relevant experience.

Just as salaries vary, so too do the career paths for business school grads. The tech industry, for example, has increasingly become a big recruiter of MBA grads, while the degree is still all-but required in some roles in finance and banking. Some people will pursue an MBA to climb the ranks within their current company, while other students have a goal of switching careers (and, potentially, industries) or becoming entrepreneurs. Below are some of the most common careers for MBA grads:

  • Consultant
  • Financial analyst
  • Product manager
  • Marketing director
  • Investment banker
  • Sales manager
  • IT manager
  • Chief operating officer (COO) 
  • Chief financial officer (CFO)
  • Chief executive officer (CEO)

Financing and scholarships

There are three main options for students to finance the cost of their MBA education: Self-fund the cost, get the cost reimbursed (in part or completely) by their employer, or apply for loans and scholarships to defray the cost. Many business schools, even some of the top-ranked institutions, offer scholarships to applicants with eligibility determined either by need or qualifications. While full-ride scholarships are somewhat rare, the University of Florida (Hough) and Babson College (Olin) are among schools that cover the full tuition for some full-time MBA students. 

Many companies will also reimburse some—or all—of the cost of an MBA degree for employees, though they may require a student to remain employed for a certain period post-graduation. A latest survey found that 63% of companies offered formal tuition reimbursement and another 4% said they help employees repay their loans, according to figures from the International Foundation of Employee Benefits Plans

Finally, current or former members of the military may be eligible to get the cost of their online MBA degree paid for by Post-9/11 GI Bill benefits, while the Yellow Ribbon Program can cover any tuition and fees not covered by those benefits.

Frequently Asked Questions

Is an online MBA worth it?

Thousands of business professionals have improved their career trajectory and salary by completing an online MBA. Since online MBA students are typically working full-time, they also get to apply their lessons directly and immediately to their workplace.

Will an online MBA increase my salary?

At $115,000, the median salary of new MBA grads is 77% higher than that of people with a bachelor’s degree alone, according to the Graduate Management Admission Council’s 2021 corporate recruiters survey. At $145,000, the median salary of MBAs in the consulting industry is twice that of bachelor’s degree holders.

What do the best online MBA programs have in common?

The best programs typically attract the best students. The top 10 schools in this year’s Fortune ranking admitted students with both higher average undergraduate GPAs and higher GMAT scores than those students who were admitted to the broader group of online MBA programs.

How much does an online MBA cost?

The cost of an online MBA can vary from $10,000 to upwards of $100,000. The good news? Since many online MBAs are designed to be completed while working, students don’t have to forgo a salary while pursuing their education.

Is an online MBA valuable?

In 2021, 91% of employers planned to hire MBA grads, according to the Graduate Management Admission Council. For many of those employers, it didn’t matter what format the master’s of business administration degree was obtained.

Does Stanford offer an online MBA?

Stanford Graduate School of Business does not offer an online MBA program. However, Stanford does offer LEAD—an online general management certificate that can be completed in one year.

Online MBA versus traditional MBA?

While online MBA programs allow for more flexibility in students’ schedules, traditional full-time programs offer students more personalized coursework and the opportunity to take full advantage of internships, networking, and other career resources. Traditional MBA programs are best for people who are switching careers.

Who’s a good fit for an online MBA?

Given that online MBA programs typically skew toward older students who are already established at their companies, many programs try to tailor their courses to account for the differences in the in-person and online cohorts. Online MBA programs are usually aimed at students who want to stay in their current industry and career path.

Is the online MBA market growing?

Online education, including in the MBA space, has been growing for years. And with that growth comes normalization of the online format—for students, professors, and, crucially, employers.

How much does an online MBA cost?

The cost of an online MBA can vary from $10,000 to upwards of $100,000. The good news? Since many online MBAs are designed to be completed while working, students don’t have to forgo a salary while pursuing their education.

What is the biggest misconception of online MBA programs?

Students in the online MBA cohort can still have a tight bond even though classes are remote. Many online programs have some sort of in-person programming with required intensive weekends or week-long stints on campus.

Which online MBA ranking is best?

Fortune’s ranking of the best online MBA programs stands out by finding schools that not only offer comprehensive curricula, but also see their graduates move up in their careers.

Thu, 07 Apr 2022 14:33:00 -0500 en text/html https://fortune.com/education/business/best-online-mba-programs/
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