Nov 8, 2018

3 Online MBA Scholarships Worth Remembering

online mba scholarships

Navigating the maze of scholarships available to MBA students (really, students in general) can become a bit overwhelming. And for students hoping to earn a degree online, the search can seem never-ending.  To help, we’ve broken down a handful of the most intriguing Online MBA scholarships.

Continue reading…

Posted in: Featured Home, News, Online MBA, Scholarships | 0 comments

Sep 12, 2018

Applications Down 4.5 Percent at HBS, But Applicant Quality Remains High

Harvard business school application

The release of the Harvard Business School (HBS) Class of 2020 profile statistics last week revealed that the Boston school—like many of its U.S. peers—saw a decrease in overall application volume, but median GMAT score and GPA remained unchanged from the prior year at 730 and 3.71 respectively. The admit rate, 11 percent, was also unchanged year over year. So though he was working from a smaller pool of 9,886 applicants (down from 10,351 last year), Managing Director of Admissions and Financial Aid Chad Losee did not sacrifice on quality.

Harvard Business School Application Slips for Class of 2020

HBS is one of many leading U.S. business schools to see application volume drop off in this most recent application cycle. A strong economy paired with concerns among international applicants about potential student and work visa challenges made for even more dramatic declines at schools like UNC Kenan-Flagler and Georgetown’s McDonough School, which reported double-digit drops of 18.3 and 16.2 percent respectively. Yield at HBS–which is to say the percentage of admitted students who chose to enroll–slipped from 91 to 90 percent. Still, HBS remains far and away the leader in this statistic.

Image result for hbs campus

Applications are down 4.5 percent at HBS, but declines across other U.S. MBA programs was much more apparent.

At HBS, the 4.5 percent application volume decline was spread between both international and domestic applicants. International students make up slightly more of the HBS class this year, 37 percent compared to 35 percent last year. They hail from 69 countries as compared to 70 for the Class of 2019.

Another interesting development is the increase in GRE takers among admitted students. A record-setting 15 percent of the incoming class got there on the strength of their GRE scores, up from 12 percent last year. It’s only in the past couple of years that schools have begun to disclose the percentages of students who submit GRE scores in lieu of GMAT scores, which used to be the gold standard. But at HBS and elsewhere, a growing number of applicants seem to be taking schools at their word that they are indeed test agnostic.

There were not a lot of major shifts elsewhere in the statistics for the newest HBS class. The percentage of women is down by one point, slipping from 42 to 41 percent. U.S. ethnic minorities remained constant year over year at 26 percent of the class. The average age also remains unchanged at 27.

Applicants from Private Equity, Tech, Increase

In terms of prior work experience, there were again few shifts from the prior year. Slightly more students came in from private equity/venture capital (16 percent, compared to 15 percent last year), tech (also 16 percent, up from 15), and government/non-profit (7 to 8 percent). These upticks correlate with small declines in students from industrial/heavy manufacturing and other services. Military veterans make up 5 percent of the Class of 2020, on par with the Class of 2019.

And in terms of what students in this year’s entering class studied as undergraduates, again HBS showed little fluctuation. Economics/business majors make up the largest portion—46 percent, up from 45 percent last year. STEM undergrads also increased one percentage point, from 36 to 37 percent. Humanities/social science undergraduates made up just 17 percent of the class, down from 19 percent last year.

To view HBS’s complete Class of 2020 profile, click here.

This article has been edited and republished with permissions from our sister site, Clear Admit.

Posted in: Boston, Featured Home, Featured Region, News | 0 comments

Feb 20, 2018

How to Get Your Employer to Pay For Your MBA

Earning an MBA holds tons of value in the business world—an advanced business degree can open doors that may otherwise have been closed, and boasts a high return on investment thanks to the top-level salaries that MBAs command.

Graduate school—and all of the coursework that comes with it—can be an intimidating challenge, but paying for it doesn’t have to be. Aside from scholarship, grant and fellowship opportunities at business schools across the country, more and more companies are placing a higher importance on tuition reimbursement programs, and expanding opportunities for paid MBA tuition reimbursement.

How can you get your employer to pay for your MBA studies? Let’s take a closer look.

Getting Your Employer to Pay For Your MBA

First thing’s first: You need to find out if your current employer offers tuition reimbursement to its employees. The terms of reimbursement vary depending on the company, with some corporations not offering any sort of program at all. Those that do offer some sort of compensation may do so on a course-by-course basis, or as a lump-sum reimbursement package for coursework in relevant degree plans.

“Organizations typically support MBA pursuits for two reasons,” J. Todd Rhoad, managing director of Atlanta’s BT Consulting, told USA Today. “Employee development and succession planning. In the first case, companies support the cost of MBA programs as part of their commitment to employee training and development.”

If you want to convince your employer that your education is worth investing in, you’ll need to show that earning an MBA will further your business acumen and understanding of your industry, and ultimately help your company reap those benefits.

“Usually, an employee has to already been delivering great results within the company,” Roderick Lewis, international relations director at the ISCTE Business School, University Institute of Lisbon, told Business Insider.

“If you haven’t already convinced your company, then asking them to [sponsor your education] becomes really difficult,” Lewis says.

USA Today also outlined a few checkboxes to hit when determining how valuable earning an MBA would be for your organization:

  • Do current members of middle or upper management hold advanced business degrees?
  • Does your company have the available revenue to invest in employee education?
  • Would someone with the type of advanced training you seek bring clear advantages to the company?

If those point hold true in your situation, then start researching which programs specialize in providing the skills that your company needs. Keep in mind: You do not have to limit yourself to business schools in your metro thanks to popularity of Online MBA programs. There may have once been a stigma against online programs, but the of the matter fact is that many of the top online MBAs on U.S. News & World Report’s annual rankings also rank highly on the publication’s top campus-based graduate business programs list.

Some of these schools include:

Once you’ve found the right program, you’ll want to craft a brief proposal for your employer. In it, you’ll want to mention how you fit the company’s tuition reimbursement policy, and list the advantages that continuing your education can bring you and your company. Don’t shy away from providing data on how much assistance you may need and how this investment will pay off for everyone, while also ensuring your employer that you’ll remain committed to the company during your degree program, or won’t jump ship after earning your degree.

“A proposal should address the benefit to the company,” Rhoad says, “(including) areas where the company could improve and how you will help them, a review of the courses to be taken and how they will provide knowledge that can help improve the company’s performance.”

Companies That Provide MBA Tuition Reimbursement

Investopedia recently compiled a list of companies have stated that they place a high value on their tuition assistance benefits, and provide tuition reimbursement for the educational costs of an MBA.

According to Investopedia, consulting companies lead the market in tuition reimbursement programs for MBA courses. These firms also pay the highest salaries for MBA alumni. Deloitte has the most robust tuition reimbursement plan, providing employees with up to $10,000 per year in MBA reimbursements. The firm requires two years of work with the company and a commitment to work for the company after graduation in order to receive the tuition assistance benefit.

Financial institutions and banks also place a high value on employees with MBAs, and provide tuition assistance. One example is Bank of America, which provides employees with annual tuition assistance of up to $5,250 for advanced degree coursework. Wells Fargo also has a track record of paying for MBAs, doling out up to $5,000 annually for tuition expenses.

The booming tech sector is also hiring MBAs left and right, with some firms developing their MBA talent in house by offering to pay MBA tuition expenses. Apple tops the list of tech companies offering tuition assistance, providing reimbursement of up to $5,000 annually. MBA degrees are even more coveted in the the specialty defense technology sector, as Raytheon, one of the top defense technology companies in the world, offering to pay up to 100 percent of employees’ college tuition for graduate school.

Other leading companies offering tuition reimbursement to employees include:

  • Chevron: A market leader in the energy sector, Chevron offers offers tuition reimbursement of up to 75 percent for its employees.
    Ford: Ford’s education tuition assistance program provides employees with tuition reimbursement of up to $5,000 annually for an MBA.
  • Procter & Gamble: This firm has one of the leading tuition reimbursement benefits in the consumer goods industry, providing reimbursement for up to 80 percent of educational costs with a limit at $40,000.
  • AT&T: This telecom giant provides employees with up to $5,250 annually for tuition assistance, for a maximum reimbursement of up to $25,000 for graduate school courses.

Posted in: Deloitte, Featured Home, Financing, MBA 101, MBA Jobs, News | 0 comments

Jan 15, 2018

Comparing The U.S. News Full-Time and Online MBA Rankings

US News Full-Time and Online MBA Rankings

When it comes to business school rankings, U.S. News & World Report issues one of the most comprehensive annual lists. The annual rankings includes separate lists for the “Best Business Schools” and the “Best Online MBA Programs,” but deciding which format is right for you can still be tricky. Continue reading…

Posted in: Featured Home, MBA Rankings, News, US News | 0 comments

Nov 20, 2017

Finding The Right Online MBA For You

right online MBA

With so many amazing online MBA programs available throughout the country—and without location making the decision for you—it can seem nearly impossible to choose which Online MBA degree program is right for you.

With the increasingly available option to customize your degree in a particular area of emphasis—just as most full-time MBA programs offer—students can gain a competitive edge in their field without ever having to leave their house. In addition, the kind of specialization offerings at each program may help students narrow down the perfect Online MBA for them. Whether your looking to gain industry expertise in accounting or entrepreneurship and anything in between, understanding the areas of emphasis and structure of each degree can be a big help when confronted with such a vast number of impressive programs to choose from.

We take a look at most in demand concentrations available at each of the schools in MetroMBA’s new Online metro, finding what sets each program apart and may make it the perfect degree for you.

Fox School of Business – Temple University

At Temple University’s Fox School of Business, accounting is seen as much more than just calculating numbers—at Fox, it’s “the language of business.” It’s also the most popular area of concentration for students pursuing their MBA online.

The Department of Accounting at Fox focuses on an intense study of the field of accounting, providing students with several opportunities to gain “real-world” experience in the discipline. This sort of experience provides a competitive edge no matter what career path accounting students choose to pursue, which both include and go beyond public accounting.

In addition to students who choose to concentrate in accounting, the Online MBA at Fox is already strongly rooted in the accounting discipline, with all students being responsible for taking an accounting course as a key part of the degree and its curriculum.

Hough Graduate School of Business – University of Florida

If you are looking for a flexible degree that can expand your entrepreneurship knowledge, the Hough Graduate School of Business’ Online MBA may be the perfect degree for you. One of the four options in which students can focus their degree, Entrepreneurship skills are a core part of the Hough School’s curriculum.

Students looking for a more immersive or even global entrepreneurship experience can also take the courses for their concentration within just one week on campus in Gainesville, or taken during a one week international study trip. Of course, students who don’t have the ability to take a week off for this purpose may choose to pursue their Entrepreneurship electives online, as with the rest of the core courses of the degree.

Kelley School of Business – Indiana University

Students looking to focus their MBA in finance will find themselves in good company at Indiana University’s Kelley School of Business. Studying the discipline with the same highly ranked faculty who teach in the full-time MBA program, online students have the chance to round out their degree with electives that particularly focus on the financial applications of their MBA degree.

One reason the study of finance is so popular for online MBA students at Indiana University may be the opportunity to pursue a dual degree, combining their MBA with an online MA in subjects like Finance, Strategic Management, and Business Analytics, among other options. Such an interdisciplinary degree with a strong finance background will give Kelley graduates a competitive edge as they enter the workforce.

FOR YOU: Finding the Best Laptop for Business School

Kenan-Flagler Business School – University of North Carolina

The Online MBA@UNC provides students with a world-class MBA curriculum that allows students to specialize their degree within one of eight special areas. In high demand at UNC is the Management Consulting degree, which prepares students for positions as business consultants.

Even though online programs don’t typically scream “hands on,”the MBA@UNC is build this way, providing consulting students with ample experiential learning and guided practice to gain the necessary leadership and client management skills for success in the consulting field.

Tepper School of Business – Carnegie Mellon University

The Tepper School of Business, ranked as the second best Online MBA by the U.S. News & World Report, is a top MBA for students interested in specializing in Business Analytics.

Students at Tepper have the chance to set their MBA within a particular track, and with the decision to focus on Business Analytics students will be provided with the necessary skills to transform massive amounts of data into usable and analyses to improve the worlds of both business and technology. Graduates from the Business Analytics track at Tepper have accepted jobs from such companies as Amazon, Microsoft, IBM, McKinsey, and more.

W.P. Carey School of Business – Arizona State University

Students looking to specialize their MBA in Supply Chain Management/Logistics may find the perfect degree at Arizona State University’s W.P. Carey School of Business. With so many of the degree’s core courses centered around logistics- such as ‘Decisions, Market Structure and Games’ or ‘Operations and Supply Management’—MBA students can use their electives to even further customize their degree with courses like ‘Supply Chain Cost/Design Issue, ‘Suppler Management and Negotiations,’ among others.

Posted in: Featured Home, Featured Region, News, Online MBA | 0 comments

Jul 19, 2017

The Cambridge Judge MBA Finance Approach

Cambridge Judge Finance MBA

According to U.S. News & World Report, a career as a financial manager is the third hottest job for a graduating MBA student in 2017, while a career in accounting ranks number one. Indeed, finance careers pay well, offer robust job growth, low unemployment rates and the opportunity for MBAs to use both their quantitative and creative skills.

According to Shawnice Meador, Executive Director of MBA Career and Leadership at the University of North Carolina’s Kenan-Flager Business School, who spoke to U.S. News, “These sorts of roles are really critical for a company since they’re trying to make sure that they’re making strategic financial decisions.”

With respect to preparing students for careers in finance, the University of Cambridge Judge Business School takes a multifaceted approach.  Continue reading…

Posted in: Advice, Featured Home, Featured Region, News | 0 comments

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