Jeffrey Miller is the Director of GMAT instruction for Target Test Prep. Jeff has over 8 years of experience in the business of helping students with low GMAT scores hurdle the seemingly impossible, helping them achieve the scores they need to get into the top 20 business school programs in the world including; HBS, Stanford, Wharton, and Colombia. Jeff has cultivated many successful business school graduates through his GMAT instruction, and will be a pivotal resource for many more to follow.
Let’s face it. The economy has been looking bleak for a while now. Whether you’re fresh out of college or already working full-time, you’ve likely spent more than one sleepless night wondering what the rising unemployment rates might mean for your future. Will you land a job that can help you achieve your financial goals and allow you to start paying off that mountain of student loan debt you’ve acquired? Will you ever get a promotion so that you can actually start saving some of what you earn?
Many college grads and young professionals are facing these same tough questions, and some of them are turning to business school for the answers. If you’ve ever wondered what an MBA might do for your future, consider some of the benefits of going to business school full-time.
Not all industries are experiencing the same backlash from the recession. If you’re having a hard time scoring a decent job or are worried that you’re in a dead-end position in your current career, then business school admission just may be the solution. According to a survey conducted this year by the Graduate Management Admission Council (GMAC)—the 2014 Global Management Education Graduate Survey—57% of MBA graduates received job offers immediately after graduation. And these aren’t your run-of-the-mill entry-level positions. Furthermore, according to GMAC’s Alumni Perspective Survey, alumni consistently rise to higher professional levels, earn more and give high marks to the value of their education.
The Focus Factor
Despite the encouraging statistics surrounding business school these days, the field is still a competitive one. As more and more people are looking for a way out of their less-than-flourishing careers, competition is destined to become even fiercer. Those who choose to put their lives on hold and give it their all by investing in a full-time MBA program will likely have a distinct advantage. The luxury of focusing all of your time and energy on school rather than struggling to keep up with both a job and business classes will no doubt pay off in the form of higher grades and better references. These are exactly the types of things that will set you apart from the rest when graduation day arrives and companies begin choosing new hires.
Taking yourself out of the rat race for a couple of years to get your MBA in business may sound like a scary proposition. You may think you’ll lose some traction and get out of touch with the real world of business. Fortunately for newly-enrolled business students, nothing could be further from the truth. By immersing yourself in school, you’ll benefit from not only the latest information and trends, but you’ll also have the advantage of making new connections. If you’ve ever tried to go it alone on the job front, then you’ve probably realized that often, it really is about who you know, not what you know.
Despite the clear benefits of a full-time MBA program, deciding whether or not to attend business school is still a big decision. There’s business school tuition to think about, student loan interest (which you likely won’t be able to pay while you’re in school), and of course, the question of which business school to attend. While these are all personal choices that only you can make, it always pays to do your homework. Be sure to spend some time researching MBA programs and to perform a cost-benefit analysis before deciding whether becoming a business school graduate is the right choice for you.
If you do decide to embark on the journey to an MBA, you can increase your odds of getting into the MBA business school of your choice by acing the GMAT. Another important point to keep in mind is that your GMAT score will last for 5 years, so if you are a Junior or Senior now, and you know you want to attend business school within a few years after graduation, you are in the best possible place RIGHT NOW to start prepping for your GMAT. After 8 years of teaching the GMAT, I can honestly say that the early bird definitely gets the worm. Too many students wait until they are 26 or 27 to start studying for the exam, only to have to balance that with a 10- to 12-hour workday. By getting the GMAT out of the way now, you will be able to focus on the other parts of your business school application that will help you stand out.
Thinking About Graduate Business School and the GMAT? Are you considering getting your MBA? Looking for information on the GMAT? Please join Jeff Miller of Target Test Prep to learn more about the GMAT test and the process of applying to business school. Tuesday, April 14th | 2:00- 3:00pm, Wasserman Center, Presentation Room B. Click here to RSVP.