- An Inside Higher Ed article, “Mastering Business, Quickly,” discusses the rise of one-year master’s programs in fields like accounting and finance, designed for non-business students as an alternative to the MBA. These programs, including a popular one at Wake Forest University, require no previous work experience and “aim to help students apply their liberal arts and sciences ‘passion’ to business while teaching the technical knowledge that’s needed to do so.” They arm students with teamwork, leadership, and communication skills, as well as “cultural competence.” Wake Forest’s one-year M.A. program grew from 13 students in 2006 to 96 students this year. Duke and Vanderbilt have similar programs in place.
- A GMAC press release reports that the GMAT test is now accepted by more than 5,000 business and management programs around the world. Five years ago only 3,800 programs used the GMAT. The number of GMAT test centers has also increased significantly in the last five years, from 400 in centers in 86 countries in 2006 to more than 550 centers in 110 centers this year. These increases are due mostly to the large number of programs which recently adopted the GMAC in Asia and in Europe. “The dramatic growth in programs that rely on the GMAT as a critical part of the admissions process is a strong testament to the validity, reliability and security that have been the hallmarks of the GMAT,” said Dave Wilson, president and chief executive officer at GMAC. “We are meeting this increasing demand by continually expanding our extensive global network of test centers, where candidates can sit for the GMAT exam nearly any day of the year.”
- Yale SOM’s Pre-MBA Leadership Program has undergone recent expansion and enhancements, reports a Yale SOM news report. This year, the two-week, introduction–to-b-school program received a donation from Goldman Sachs Gives and will include a one-day trip to the New York City Goldman Sachs headquarters to “get an inside look at one of the world’s leading financial companies and meet with the firm’s executives.” The program will also include a resume review session.
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