Top Ranked Part-Time MBAs

The U.S. News has released its list of the top-ranked part time MBA programs.

Here are the top 10:

Are you using the rankings correctly?1. UC Berkeley (Haas)

2. U Chicago (Booth)

3. Northwestern (Kellogg)

4. NYU (Stern)

5. UCLA (Anderson)

6. U Michigan (Ross)

7 (tie). Carnegie Mellon (Tepper)

7 (tie). U Texas- Austin (McCombs)

9. Ohio State (Fisher)

10 (tie). U Minnesota- Twin Cities (Carlson)

10 (tie). USC (Marshall)

For the full list and details of the ranking methodology, visit the rankings. We offer comprehensive consulting services for both full- and part-time MBA applicants!

Are You Misusing the B-School Rankings?
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Related Resources:

• Ace the EMBA
• Tips for Applying to Part-time MBA Programs
• The MBA Family: A Roundup and Overview

Indian In IT Finds Her Fit At Anderson

Read more MBA student interviewsThis interview is the latest in an Accepted.com blog series featuring interviews with current MBA students, offering readers a behind-the-scenes look at top MBA programs. We hope to offer you a candid picture of student life, and what you should consider as you prepare your MBA application. And now for an interview with Rohini Vaze…

Accepted: First, can you tell us a little about yourself? Where are you from? Where and what did you study as an undergrad? Can you share 3 fun facts about yourself?

Rohini: Sure! I am from Mumbai in India. I did my undergrad in electrical engineering from Pune and then worked at Tata Motors for three years. It was an amazing job where I got a 360 degree view of the business by working in sales, manufacturing and customer support and could take many initiatives and see them implemented. However, I always felt that I needed to learn frameworks that I could apply in my career, and so I came to business school to gain those skills. I also funded my friend’s startup during my time at Tata Motors and that got me interested in this space. So I am using these two years at business school to gain exposure to start-ups in California.

3 fun facts about me are:

1. I have travelled to 10 countries outside my country of birth.

2. I am a trustee at a non-profit organization in India to help underprivileged children learn English and computers.

3. I have been dancing since the age of five.

Accepted: Where are you in business school? What year?

Rohini: I am in my first year of Business School at UCLA Anderson School of Management.

Accepted: What is your favorite thing about Anderson so far? And if you could change one thing about the program, what would it be? 

Rohini: My favorite thing about Anderson has been the people and the exposure that it has given to me. Many schools are good at a single discipline but not so great at other industries, but Anderson is great for a variety of careers. This gives a lot of exposure to people who have very diverse backgrounds and I am sure it will be very helpful in the future. If I could change one thing, I would change the time at which the school starts. The quarter system makes recruiting harder since all other schools tend to have an advantage of starting a month earlier than Anderson, and thus those students have more time to gain valuable skills that will help them in seeking internships and full time positions.

Accepted: Can you tell us about your current internship? What role did UCLA play in helping you secure that position?

Rohini: I am currently pursuing a part-time internship at a Venture Capital Firm in Santa Monica and the opportunity came to me through UCLA itself. We have a website through our career center where companies that are in need of interns post about their opportunities. I applied to this internship after seeing the posting on the website and went through a company analysis and interview process before being offered this position. The part-time internship involves doing market research for companies that are being considered for funding through the Venture Capital Firm. What I really like about the internship is that the firm has good deal flow and provides real support to the entrepreneurs that they fund.

For the summer, I will be going to Amazon, and the Anderson career center was very helpful in giving me tips for preparation for the same. Moreover, my classmates as well as 2nd year students helped a lot with the preparation for the interviews!

Accepted: Which other business schools had you considered attending? How was UCLA the best fit for you?

Rohini: I always wanted a business school on the West Coast. I have a heard a lot about the cultural difference between the West and the East Coast schools and knew that I am a West Coast person. The other two criteria I had in mind were that I wanted a school in a city so that I could pursue part-time internships in parallel to school, as well as I wanted a school where there was a high concentration of people going into Hi-Tech. Thus, I had only considered attending UCLA, Berkeley and Stanford. I believe Anderson is a great fit for me since along with the above factors, Anderson has a very diverse crowd. The business school is really good for Finance and Consulting too, and I am confident that this exposure by being in an ‘all-rounder’ school will be very helpful in my career in the future.

Accepted: I see that you did fantastic on your GMAT – can you share a few tips with our readers?

Rohini: Thanks. There are a few things that I think helped me a lot with my GMAT score:

• Start with the simplest books and then move on to the harder ones. The simpler books help to re-learn the concepts from high school that most of us have forgotten. I started preparing with Princeton books and then went on to Manhattan and Kaplan. I also advise my friends to study from the official GMAT book the last. The official book tends to have the simpler questions in the 400-600 range and are not the best questions to practice when you are aiming for a great GMAT score. However, being able to easily solve these questions in the last couple of days when you need something to reduce your anxiousness is the best way to use the Official GMAT book.

• Check your mistakes to find patterns that will help you to focus your further preparation on a particular topic that is common for GMAT exams.

• Spend adequate time on the first 10 questions. I took the older format GMAT where the first 10 questions can really make or break your final score. Thus checking for silly mistakes in reading the question or a calculation error in not calculating answers till the end helps in getting a good score.

• Most importantly, practice a LOT! This is probably the most important tip since one of my biggest hurdles with GMAT was managing to concentrate for the whole 4 hours. During practice exams, I observed that I would make a lot of silly mistakes in the last hour and get lower scores. Thus, I made it a point to get used to the long hours and took one practice exam every three days. I believe this can really make the difference between a 700 and a 750 score.

Accepted: Do you have any other advice for our b-school applicants? 

Rohini: Start the application early and enjoy the process! Hopefully, there will be many things that you will learn about yourself through the application process. Also, focus on a few schools that you really want to get into and gather as much information about the school from as many sources as possible – you might have the best application but you won’t get any admit unless you can articulate “why this school” well.

For one-on-one guidance on your b-school applications, please see our MBA Application Packages.

To read more a bout Rohini, you can check out her blog at Rohini’s Blog. Thank you Rohini for sharing your story with us – we wish you much success! 

Download our free special report: Best MBA Programs

Accepted: The Premier Admissions Cosultancy
Related Resources:

• UCLA Anderson Zone Page
• MBA Admissions for Indian Applicants
• Podcast: UCLA Anderson and Entrepreneurship

UCLA Anderson Bags $100 Million Gift

Be sure to visit our UCLA Anderson Zone page! UCLA’s Anderson School of Business has announced a $100 million gift from philanthropist Marion Anderson, whose late husband John Anderson is the school’s namesake.

Sixty million dollars of the gift will go towards an endowment supporting student fellowships, faculty research, and innovative program development, while the remaining $40 million will go towards the construction of a new building.

Judy Olian, Dean of UCLA Anderson and the John E. Anderson Chair in Management, said, “From student fellowships to faculty recruitment and retention, to innovative research programs and the state-of-the-art facilities that will house them, Marion Anderson has enabled our future and empowered us with her confidence in the path we are taking.”

Marion Anderson, chair of Topa Equities, is an active member of both the UCLA and broader Los Angeles communities. She is a member of the UCLA Anderson Board of Visitors executive committee and the Centennial Campaign for UCLA executive committee, as well as the Children’s Hospital Los Angeles board of trustees. An endowed professorship and a courtyard at UCLA Anderson are named in her honor.

This substantial gift (the largest in the school’s history) launches the Anderson School’s “Into the Next” campaign—a $300 million fundraising campaign that is part of UCLA’s broader $4.2 billion Centennial Campaign, set to culminate in 2019 with the university’s centennial. It brings the total donated by Marion Anderson and her late husband to $142 million.
Download our free special report: Best MBA Programs

Accepted: The Premier Admissions Cosultancy
Related Resources:

• UCLA Anderson Student Interview: Enjoying the MBA Whirlwind
Columbia B-School Receives $100 Million Gift from Wharton Alum
• U.S. News 2016 Best Graduate Business Schools

U.S. News 2016 Best Graduate Business Schools

U.S. News released its graduate school rankings today. Let’s see how our top b-schools fared…

Top 20 U.S. B-Schools – 2016

Visit our b-school zone page for info on the top business schools.1. Stanford GSB (1)
2. Harvard Business School (1)
3. UPenn Wharton (1)
4. Chicago Booth (4)
5. MIT Sloan (5)
6. Northwestern Kellogg (6)
7. UC Berkeley Haas (7)
8. Columbia Business School (8)
9. Dartmouth Tuck (9)
10. UVA Darden (11)
11. NYU Stern (10)
11. Michigan Ross (11)
13. Duke Fuqua (14)
13. Yale SOM (13)
15. UCLA Anderson (16)
16. Cornell Johnson (17)
17. Texas McCombs (15)
18. UNC Kenan-Flagler (19)
19. Washington Olin (22)
20. CMU Tepper (18)

25% of US News rankings is made up of survey responses from business school deans and directors; 15% is based on recruiters’ survey responses. The remaining 60% is based on statistical data reflecting program selectivity and placement success. (For details, read up on U.S. News methodology.)

Here are some highlights from the Poets & Quants article on the rankings:

• Last year’s three-way Stanford/Harvard/Wharton tie was broken this year with each school taking one of the first three spots (Stanford in first, HBS in second, and Wharton in third).

• The P&Q article states that Wharton’s slip to third is due to lower peer assessment and corporate recruiter survey scores.

• Wharton also reported an acceptance rate of 20.7%, up from last year’s 18.7% — this is another metric used by U.S. News in their methodology.

• Another factor contributing to Wharton’s position this year is its position regarding salary and bonus. Last year it took top slot at $141,243, while this year it slipped to fourth place at $142,574 – yes, higher than last year, but this year, Harvard, MIT, and Stanford reported even higher salaries/bonuses (HBS took the cake at $144,936 this year).

• Stanford’s top stats this year: average GMAT – 732; average GPA – 3.74; acceptance rate – 7.1%.

• In the top 20, there weren’t significant changes beyond a given school moving up or down a couple places. But further down in the rankings there were some big shifts. Texas A&M jumped 10 places to 27th place (tied with Carlson); Wake Forest jumped 13 places to 45th place; and Louisville moved up at least 31 places to 71st place – it was previously unranked.

• Big drops include Missouri Trulaske which fell 21 places from 58th to 79th place; Pepperdine Graziadio which fell at least 25 places, from last year’s 76th place to its unranked position this year.

Wondering how much rankings should play a roll in determining where you apply? Watch the video below for Linda Abraham’s answer:

Are You Misusing the B-School Rankings?

Accepted: The Premier Admissions Cosultancy

Related Resources:

• Financial Times Global MBA Rankings 2015
• What’s an MBA Really Worth?
• PayScale: How Much Can You Earn, and How to Earn It?

Entrepreneurship at UCLA Anderson

Listen to our complete interview with Elaine Hagan and Angela Klein!Well before “entrepreneurship” was a household word, UCLA Anderson was one of the first b-schools to teach it. Decades later, they are still going strong.

Listen to the full recording of our podcast interview with Elaine Hagan, Executive Director of the Price Center at UCLA Anderson, and Angela Klein, ‎Program Manager at Anderson, for the scoop on entrepreneurship at UCLA.

00:01:41 – Featured Applicant Question: Should I take seriously an email from an admissions committee encouraging me to apply and even offering help?

00:05:48 – Introducing Elaine Hagan and Angela Klein.

00:07:04 – What the Price Center does for ULCA Anderson students.

00:10:10 – Changes to teaching entrepreneurship over the past 10 years.

00:11:46 – Can the “the mindset of an entrepreneur” be taught?

00:15:30 – Anderson’s approach to teaching entrepreneurship.

00:20:35 – The Knapp Venture Competition.

00:25:40 – Benefits of working for an established company first

00:28:35 – Ingredients of a successful entrepreneur.

00:30:38 – The difference between guy and gal entrepreneurs (and a word about international differences, too).

00:33:58 – What future entrepreneurs should do before arriving on campus.

00:36:46 – Will writing, “I want to study entrepreneurship” on your application convince the adcom? (And what Anderson hates more than anything else.)

Listen to the full conversation to learn more!*Theme music is courtesy of podcastthemes.com.

Related Links:

UCLA Anderson Price Center 
UCLA Anderson 2015 MBA Essay Tips
• “Start-up Costs for MBA Graduates Pay Off” from the Financial Times

Related Shows:

• MBAs Across America: The Coolest HBS Internship
• Life as an HBS MBA
• SoFi: Alumni Funded Student Loans
• CommonBond’s Story: A Revolution in Student Loans
• Entrepreneurship at Stanford GSB: Carlypso Drives Down the Startup St.
• Making International Student Loans a Prime Investment

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