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GMAC just launched the new Executive Assessment (EA) test which EMBA applicants can take instead of the GMAT or GRE. The post The New GMAC Executive Assessment for EMBA Applicants appeared first on Accepted Admissions Consulting Blog.
Learn more about the new EA here and about how we can help you ace the exam and the other parts of your EMBA application.
The post MBA Application Planning: The Program Research Phase appeared first on Accepted Admissions Consulting Blog. Here is some advice to help you add structure to the process so you’re not swimming in circles after you dive. If you’ve read our blog posts, vlogs, etc., you know we caution against relying exclusively and uncritically on rankings to decide where to go (so that means no “I’m just gonna apply to the top-5”). At this point it’s good to start talking to people with MBA experience – colleagues, friends, mentors, etc.
What better way to understand your fit with a school than to see the students, professors, and administrators in action?
By Cindy Tokumitsu, author and co-author of numerous ebooks, articles, and special reports, including Why MBA and Best MBA Programs: A Guide to Selecting the Right One. The post 2016 Financial Times Global MBA Rankings appeared first on Accepted Admissions Consulting Blog. 157 international graduate business programs took part in the survey that was used to create the FT rankings. Prodigy Finance is the leader in borderless student loans for international postgraduate students. The post International Student Loans with Community-Based Financing appeared first on Accepted Admissions Consulting Blog. Below, we look at the stories of seven MBAs from the USA, Zimbabwe, India, Brazil, Argentina, Colombia and the Ukraine, and learn how Prodigy Finance enabled them to study at London Business School, INSEAD, Oxford Said Business School and HEC Paris.
The post Forbes Top 10 International MBA Programs appeared first on Accepted Admissions Consulting Blog. This interview is the latest in an Accepted blog series featuring interviews with MBA students, offering readers a behind-the-scenes look at top MBA programs.
The post Top Dog Takes MIT Sloan by Storm appeared first on Accepted Admissions Consulting Blog.
Accepted: It’s been more than a year since we last spoke – can you bring us up to speed? Since I made the decision and arrived on campus in August I’ve just been blown away by my awesome classmates, the sense of exciting things happening all the time and the incredible resources available to help me make my next move. Anyone who’s thinking of reapplying needs to take a critical look at their applications and be honest about where they took short cuts. Top Dog: I used to cover some clients in the US but had never spent more than a couple of weeks here until now. Speaking of moving countries, I wrote a comprehensive guide for planning your move overseas which you can find here. Top Dog: My goal is to do my summer internship either in a large tech firm or at a start-up. Europe is a lot less exciting for me but it does help not to have to worry about those visa issues, so you never know!
For one-on-one guidance on your b-school application, please see our MBA Application Packages.
The post The Truth About Student Loans appeared first on Accepted Admissions Consulting Blog.
Join us on a little journey as we debunk myths and answer questions that many MBA students encounter as they look to fund their programs. Your education is too important for a guessing game, so make sure you get the facts as you are preparing for your MBA. The post INSEAD 2016 MBA Essay Tips & Deadlines appeared first on Accepted Admissions Consulting Blog. One way INSEAD has followed a trend, however, is by removing the previous job description essays and making them short-answer questions in the application.
At an AIGAC conference a couple of years ago one of the adcom members remembered that an applicant in response to a similar question had listed his weakness as “pitching new ideas in a meeting.” The adcom member felt that the applicant was specific, real, and showed self-awareness by revealing this flaw. Don’t write about “weakness in pitching new ideas in meetings” as your flaw just because you saw it here. With only 400 words to describe two significant experiences, and the specified discussion points, you need to use stories that can be told without a lot of background information. In discussing what you learned from the experiences and how they impacted your relationships, identify one specific thing for each point for each story – there isn’t room for more.
In choosing your topic story, think about “impact” – often people describe being surprised or emotionally challenged by encountering new or different cultures, but that’s not enough to make this a good essay.
Simply discuss the range of activities you participate (or have participated) in – those that are major passions, and those that are “just fun” – clarifying their relative role and importance in your life.

The post 3 Long Term Tips For Financing Your MBA Abroad appeared first on Accepted Admissions Consulting Blog.
Once I finished undergrad, I started working part-time in one company, and full-time for another company, simultaneously, in order to make enough money to accomplish my dream of studying abroad. Additionally, I endlessly looked for scholarships and sent tons of applications, with no luck, unfortunately. One afternoon in late March, I received my so longed acceptance letter to London Business School, and the school was offering a partial scholarship. Financial planning and financial responsibility are really important when you decide to study internationally.
Admissions Straight Talk is a weekly discussion of what’s new, thought-provoking, and useful in the world of graduate admissions. The post Admissions Straight Talk Podcast for MBA Applicants appeared first on Accepted Admissions Consulting Blog.
Check out our past MBA-focused shows, and subscribe now to be sure you catch all future episodes! Now it’s time to move on to the program research stage of the MBA admissions process. Look for specifics that you care about (structure of curriculum, flexibility, strong concentrations, students from a given industry or geographic region, etc.). You will get the most out of MBA fairs, school information sessions, and school visits at this point in your research, after you already have a good idea of what each program offers and how you’d fit in competitively. Always stay open to discovery – maybe you’ll come across a school in a blog or a respected colleague suggests a program you hadn’t considered. The other 4 schools in the top 5 remain the same as last year, each pushed down one spot this year compared to last. Through our community platform, we offer financing to thousands of MBA and other Masters degree hopefuls, enabling them to attend the world’s top business schools and universities. Prior to joining the Prodigy team in March 2013, she worked in the tech startup industry, primarily specializing in the development of online tools for driving performance management and employee engagement. This is compared to graduates of top international two-year programs, who had a median gain of $64,000. Yes, I’m pleased to say the whole application process went more or less according to plan! It definitely won’t work to rehash your previous essays, you need to get help from friends, peers, managers, anyone who can give you fresh perspective on your resume, essays and interview strategy. I’m already working toward this goal and will hopefully use that experience in the same sector or co-founding a start-up when I graduate. There’s enough information out there for you to keep on top of your applications, that means writing something every single day. I was tempted to just plough ahead writing what I wanted without listening to others, especially when their advice was critical, but you need to get as many people as possible to review your whole application and then prepare you for interview. You can borrow funds for tuition, fees and living expenses up to the school approved Cost of Attendance budget. Many lenders will offer loans to students with a co-signer or with the school as the guarantor. While interest rate is a very important component of the loan offer that will determine your monthly payments, students must consider all fees and interest accruals when comparing offers. True or False: The length of the loan’s term and the loan’s total interest cost have an inverse relationship.
Once you have completed your loan application and received an approved offer, lenders can provide you with the Letter of Confirmation that can be used for your I-20 form and VISA application. Most lenders will not require repayment during school and many will offer a grace period of 6 to 9 months following graduation.
Loans offered in the US must be repaid in USD, so make sure to think about how you will repay your loans if you return to your home country outside of the US.
To learn more about how you can fund your program, sign up to join the Accepted Webinar “How to Fund Your MBA Abroad” on November 4th, 2015 at 1PM EST. Prior to Prodigy, he has spent his career in financial services and employee management solutions. Give a candid description of yourself (who are you as a person), stressing the personal characteristics you feel to be your strengths and weaknesses and the main factors which have influenced your personal development, giving examples when necessary. If you can choose one anecdote that reveals both the strengths and the weakness, it’s efficient with space and can strengthen the essay. In fact, by demonstrating these qualities in addition to the requested weakness that he was working on, the applicant actually enhanced his chances of acceptance with his response. Tell us about an experience where you were significantly impacted by cultural diversity, in a positive or negative way. Describe all types of extra-professional activities in which you have been or are still involved for a significant amount of time (clubs, sports, music, arts, politics, etc.).
DON’T use it for a superficial summary, a restatement of your other essays, or anything similarly boring and trite.

After having experienced a new culture, spoken a different language, tasted other flavours and, most of all, met such diverse friends, I realized a whole new world was opening its doors and I wanted to fully explore it.
For almost three years I worked hard and managed to secure the funding required for my MBA abroad. Along the way, you may find many obstacles, however, discipline and hard work can take you closer. Prior to coming to London to do her MBA at London Business School, she developed her career working in Argentina for the American Chamber of Commerce, promoting business between Argentina and US. Ask about their impressions and experiences, and assess how their views align (or not) with what you gleaned from the rankings vis-a-vis competitive fit. 27 schools boasted a 40% female population, compared to only 4 schools with those numbers in 2005.
The FT data shows that this pay gap exists for men and women at the same sector of industry and at the same level of seniority. Alumni were three years post-graduation (class of 2012), so b-schools needed to be at least four years old to qualify.
We assess each applicant’s future earning potential (based on the historic achievements of similar postgraduate students) to determine every individual’s personalized loan offer. She loves travelling, whether it’s for leisure or work – but especially when it’s to meet the students that Prodigy helps to fund their degrees. I got offers from INSEAD and MIT Sloan but was dinged by Wharton after spending the summer on their waitlist. All I can say is that, deep down, I just knew that MIT was the right place for me, especially as a career switcher with a big interest in entrepreneurship. I’m keeping my options open but really see the US as the best place to achieve those goals, in the short term at least. The interview is your final pitch to adcom about why they should admit you and should be treated as such. Be sure to check with the school for any budget appeals as all loans in the US must be certified and approved by the school. Some newer and innovative peer-to-peer lenders will assess students on their future potential and not require any collateral or co-signors. Most lenders will be required to share the APR (annual percentage rate), which will provide the effect of all costs of financing. Be sure to read the details of the loan offer regarding early repayment and any associated fees. If the borrower encounters problems making their monthly repayments, many lenders will offer forbearance arrangements for financial hardship, health issues or extraordinary circumstances. Many lenders offer a variety of repayment methods to make it as easy as possible, but currency fluctuations will be the responsibility of the borrower. If you choose to write it, produce a tight, focused essay revealing something you haven’t yet discussed.
I am pretty sure I did not know, at that time, what an MBA was, but after talking to many people who had studied abroad, I discovered that such a holistic experience was the right for me, to complement and potentiate my professional background.
But just when I was starting to do my research on schools, the government in my home country devaluated the currency. I also did some external consulting projects that contributed to the “cause” of funding my studies. This process can also become quite onerous financially and in terms of dedication (at this point I was working, studying for the exams, sending scholarship applications, talking to alumni from different schools and the list goes on and on). MBA program, had a 5-year gain of $89,100 and it took them 4.2 years to pay back the investment.
Be meticulous in your planning, have several different stories about your experience and practice, practice, practice. 10 years) will provide the borrower with more flexibility and lower monthly payments, the total interest cost over the life of the loan will be significantly greater than a shorter loan term. It also should be something that reveals qualities or attributes about you that are positive and relevant. The domestic market in my country was depressed, so I used my savings to acquire assets that could then be used as collateral for a loan, or, eventually, I could sell when the market was starting to show improvements, and that way I could protect my savings from currency fluctuations this time. To spice things up a bit more, two weeks before leaving my country to start my MBA, currency devaluated again but this time I was better prepared to take a risk and invest in my international education. One of the alumni said that he discussed a “phony weakness” in his essays (required for HBS that year), and his interviewer focused right on it, and basically said, “Come on. Talking to the Financial Aid  counsellors in my school, they suggested a couple of companies that specialize in financing international master students, and that is how I could get the last bit of money I needed to finish paying my MBA. Take advantage of the essay: Give it some thought and respond with the benefit of that reflection.

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