mba program

mba program questions and answers

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Q: How difficult is it to get into University of Chicago MBA program?
I'm currenty a student at Eastern Michigan Univeristy in Ann Arbor Michigan. I am a finance major and approaching my junior year. I estimate that my GPA upon graduate with my bachelors will be about 3.3. Is this enought to get into Univeristy of Chicago MBA program?

A: The easiest way to find out info is to contact a student. You can find some contact information for Michigan universities here. http://www.collegereviewed.com/Michigan-Colleges-Universities.html The students always seem to know what's up since they spend so much time on campus.

Q: Can you get an extension on the commitment deadline for the MBA program and scholarship?
I was recently accepted into a premier MBA program along with a scholarship. I am still waiting to hear on two others schools, in which the results probably won't come until 30+ days past the commitment and scholarship acceptance deadlines. What is the likelihood I can get the due dates extended until I receive the other decision notifications? I heard it is possible to negotiate merit-based funding as well.

A: Not for that long, and probably not at all. MBA programs don't take kindly to implications that they're not your first choice. Odds are you'll have to suck it up and forfeit the deposit if you end up choosing one of the other schools.

Q: can i get into an MBA(finance) program with an economics degree?
I am planning on getting a bachelors degree in economics from UC Davis, can i get into an MBA program in finance with an econ degree? If so which schools would i be able to get into? By the time i apply i should have good skills in accounting, finance, mathematics, economics, and public speaking.

A: Most MBA programs prefer students with 2-3 years work experience after the first degree, but many accept students right out of college if they have good grades and a high GMAT score. Some MBA programs are designed specifically for new college graduates without work experience. Consult the Official MBA Guide, a comprehensive free public service with more than 2,000 MBA programs listed worldwide. It allows you to search for programs by location (US, Europe, Far East, etc.), by concentration (finance, marketing, aviation management, health management, accounting, etc.), by type of program (full-time, distance learning, part-time, etc), and by listing your own criteria and preferences to get a list of universities that satisfy your needs. You can use the Guide to contact schools of your choice, examine their data, visit their web site, and send them pre applications. You can see lists of top 40 schools ranked by starting salaries of graduates, GMAT scores, and other criteria. It's the best service available at http://officialmbaguide.org.

Q: How much math do you need in your undergrad to get into a top mba program?
I'm a Managerial Economics and accounting double major. I was wondering how much math should I finish in my undergrad to put me in a good spot to get into a top mba program? Aside from work experience and gmat scores, I've heard that students should go farther than calc. and stat and possibly take linear algebra, it this true?

A: Most don't really require more than Calc. I. However, any math class looks good on an application. Linear algebra would definitely help you, but probably would not be required. If you are majoring in accounting, linear algebra would be great. Also, you probably will need to take more than calc I to take linear algebra. At my school, we took linear algebra after calc II and differential equations.

Q: Does anyone know a good MBA Program in the world that cheap and in English?
I have a Bachelors in Business, but can't really study in the United States because all the schools I looked at are way too expensive. So I was hoping that anyone knows of a good MBA program in another country that is in English and not expensive. If there is one in the United States that is affordable, please let me know as well. I would not be able to go to the 20 best MBA schools in the world. They are also unbelievably expensive and only a small percentage of students get in. And I have seen a lot of people with MBA's from Europe in really high positions.

A: When you consider the value of an MBA, you have to consider two things: 1. The cost of tuition, fees, room and board. 2. The value of the extra income you will receive. The problem with going for inexpensive MBAs is that they generally do not lead to extra value once you have the degree. Paying a lot of money to go to a ranked MBA program will pay off, while going to an unranked school will not increase your income enough to justify taking two years off. Didn't you learn about the NPV rule in your undergraduate finance classes? The US has 18 of the top 20 MBA programs in the world. The only foreign schools that break the top 20 are London Business School and INSEAD. You would be much better off staying in the US and paying to go to a good school than going anywhere else. If your home state's best university has a good quality MBA program, consider that.

Q: What are some of the best ways to get into a top MBA program (qualifications, experiences, and qualities)?
I'm a caucasian male working in the San Francisco Bay Area for a small risk management consulting firm. I'd like to apply to a top MBA program in 2-3 years.

A: Take the essays seriously. I had 4 degrees (good GPAs), 750 GMATs, but worked for a rinky dink company and figured I was a shoe in so I joked around on the essays. I had to apply a 2nd time to get in (and also got a job at a big investment bank before I applyed). Most of the people in my classes are from big companies. So it might hurt you being in a small one.

Q: How is the mba program from San Jose State University?
Anyone did their mba from SJSU? How is it? Is it better than other state universities? How are the people like in the graduate program?

A: One of the best universities! Had a great time, met a lot good people. Professors were terrific & very knowledgable. Great environment. And more importantly...I had fun. Go apply NOW!!!

Q: Does it matter which undergraduate school I went to? I want to go to a top 20 MBA program?
I will be graduating next fall with a bachelors degree in marketing from a small private college in Iowa. I would like to attend a top 20 MBA program after gaining a few years of work experience. I will likely graduate with a 3.6 GPA. I am wondering if it matters which undergrad one goes to in order to get into a top graduate program. I know they look a gpa and the GMAT scores. I would like to get thoughts on this. Hypothetically, with a 3.6 and a high GMAT would I be accepted to a top program?

A: It will hurt a little, but you can make up for it with work experience, recommendations and GMAT scores. They judge people on MANY criteria, so one "minor" mark against you will not hurt too much.

Q: Does anyone know what's the starting salary for a Senior Consultant from a top MBA program at Deloitte Consult
Recently graduated from a top MBA program in the US. I might need to relocate from the US with my family and I'm trying to understand the cost of living in the UK and my potential income. I'm looking into joining Deloitte Strategy and Operations practice. Would apprecaite any suggestion for sources of information.

A: Depends on many things. Everyone approaches this process differently, so use the tips that work best for you. More information, tips and help at http://moreaboutsalary.blogspot.com/

Q: How do current or previous students feel about the MBA program at University of Redlands?
I am interested to find out if anyone has had a bad experience attending the MBA program and how many hours of homework can be expected each week?

A: I don't know, but I think it's just your average program. In my MBA program we have around 5 hours worth of reading each week and about the same amount of time for preparation for our presentations.