Manhattan Prep’s Social Venture Scholars Program Deadline: July 6
Do you work for a non-profit? How about promote positive social change? Manhattan Prep is honored to offer special full tuition scholarships for up to 16 individuals per year (4 per quarter) who will be selected as part of Manhattan Prep’s Social Venture Scholars program. The SVS program provides selected scholars with free admission into one of Manhattan Prep’s Live Online Complete Courses (a $1299 value).
These competitive scholarships are offered to individuals who (1) currently work full-time in an organization that promotes positive social change, (2) plan to use their MBA to work in a public, not-for-profit, or other venture with a social-change oriented mission, and (3) demonstrate clear financial need. The Social Venture Scholars will all enroll in a special online preparation course taught by two of Manhattan Prep’s expert instructors within one year of winning the scholarship.
The deadline is fast approaching: July 6th, 2015!
Learn more about the SVS program and apply to be one of our Social Venture Scholars here.
Studying for the GMAT? Take our free GMAT practice exam or sign up for a free GMAT trial class running all the time near you, or online. And, be sure to find us on Facebook and Google+, LinkedIn, and follow us on Twitter!
Everything you need to know about the New Official Guides, Part 4
I’ve just finished trying all of the new verbal OG problems. (If you haven’t yet read my earlier installments, start here.) This installment includes my summary of All Things Verbal as well as lists of the new problems by book and question type.
Also, we’re hard at work writing new solutions to add to our GMAT Navigator program, so if you have access to Navigator, you can start to check for new solutions there in—best guess—July.
What’s new in Verbal?
Now that I’ve seen everything, I’ve been able to spot some trends across all of the added and dropped questions. For example, across both The Official Guide for GMAT® Review (aka the big book) and The Official Guide for GMAT® Verbal Review (aka verbal-only or the verbal supplement), 6 science passages were added (out of 11 new passages total), while only 3 were dropped. In addition, 3 social science passages were added (compared to 5 dropped) and 2 business passages were added (compared to 2 dropped).
So, in the books at least, there’s a slight shift towards science. It’s unclear whether this signals an actual change in emphasis on the test, though; these may just be the best retired passages that they wanted to use.
For Critical Reasoning, the same total number of questions were added and dropped. The differential (added minus dropped) for Strengthen questions was +8. Further, 6 of the 22 total new Strengthen questions are fill in the blank (FitB) format, and no new FiTB’s were introduced that were not Strengthen questions.
The differential for Weaken questions was -8 and for Inference questions, it was -4. I’m not entirely sure what to make of the drop in Weaken. I’ve been hearing from students that they’ve been seeing a lot of Strengthen / Weaken on the real test and not many (CR) Inference questions. The Strengthen jump and the small Inference drop seems to go along with that, but not the larger Weaken drop. (This is why I’m always skeptical about drawing broader conclusions based on changes in the books.)
As I mentioned in my first report on Sentence Correction (part 2 of this series), it is difficult to compare categories here because one SC can (and usually does) cross multiple topics. The trends I reported before still hold after my review of the Verbal supplement: meaning and sentence structure are increasingly important, and parallelism and comparisons are just as important as they’ve always been.
Ready for the problem lists?
Everything you need to know about the New Official Guides, Part 3
I have now done every last one of the new quant problems in both new books—and there are some really neat ones! I’ve also got some interesting observations for you. (If you haven’t yet read my earlier installments, start here.)
In this installment, I’ll discuss my overall conclusions for quant and I’ll also give you all of the problem numbers for the new problems in both the big OG and the smaller quant-only OG.
What’s new in Quant?
Now that I’ve seen everything, I’ve been able to spot some trends across all of the added and dropped questions. For example, across both The Official Guide for GMAT® Review (aka the big book) and The Official Guide for GMAT® Quant Review (aka quant-only or the quant supplement), Linear Equation problems dropped by a count of 13. This is the differential: new questions minus dropped questions.
That’s a pretty big number; the next closest categories, Inequalities and Rates & Work, dropped by 5 questions each. I’m not convinced that a drop of 5 is at all significant, but I decided that was a safe place to stop the “Hmm, that’s interesting!” count.
Now, a caveat: there are sometimes judgment calls to make in classifying problems. Certain problems cross multiple content areas, so we do our best to pick the topic area that is most essential in solving that problem. But that 13 still stands out. 🙂
The biggest jump came from Formulas, with 10 added questions across both sources. This category includes sequences and functions; just straight translation or linear equations would go into those respective categories, not formulas. Positive & Negative questions jumped by 7, weighted average jumped by 6, and coordinate plane jumped by 5.
Given that Linear Equations dropped and Formulas jumped, could it be the case that they are going after somewhat more complex algebra now? That’s certainly possible. I didn’t feel as though the new formula questions were super hard though. It felt more as though they were testing whether you could follow directions. If I give you a weird formula with specific definitions and instructions, can you interpret correctly and manipulate accordingly?
If you think about it, work is a lot more like this than “Oh, here are two linear equations; can you solve for x?” So it makes sense that they would want to emphasize questions of a more practical nature.
Everything you need to know about the New Official Guides, Part 2
The new Official Guide books are here! Last time, we talked about the Quant portion of The Official Guide for GMAT, aka the OG or the big book. In this installment, we’ll discuss the Verbal section of the big book. Later installments will talk about the Quant Review and Verbal Review (the smaller books), as well as question lists for the new questions.
(Note: I have not yet had time to analyze the IR problems that come via your special online access. I’ll get to that soon—the quant and the verbal are higher priority!)
Part 1 included an overview of the changes to the whole book; I’ve included that overview here as well (the next section!), in case you’re reading this installment first. (The only difference is one sentence in the first paragraph.)
What’s new in OG 2016?
Approximately 25% of the questions are brand new, and there are some beauties in the mix. As I worked through the problems, I marveled anew at the skill with which the test writers can produce what I call elegant problems. On the verbal side, I loved how some of the new questions wove meaning into the issue of Sentence Correction; if you have been focusing on grammar and shortchanging meaning, you’re definitely going to need to change your approach.
Everything you need to know about the New Official Guides, Part 1
The new Official Guide books are here! Aren’t you excited?!?
Okay, I realize that most people probably aren’t as excited as I am. But there are still some interesting and useful things to know about these new books as you get ready to take the GMAT. So let’s talk about it!
In this installment, I’ll discuss additions and changes to quant sections for The Official Guide for GMAT® Review 2016, aka the OG or the big book. Keep an eye out for later installments, in which I’ll discuss the verbal section of the big book, as well as the Quantitative Review and Verbal Review books. I’ll also be providing you with a list of the new questions, in case you decide to study from both the 2015 and 2016 editions.
If you haven’t already bought your official guide books, then do buy these latest editions—sure you might be able to get a discount on the 2015 editions, but since you have to spend money anyway, you might as well work from the latest and greatest.
If you have already bought the older editions and are debating whether to buy the new ones, too, then you’ve got a decision to make. On the one hand, there are a lot of great new questions in the 2016 editions. On the other, the 2015 edition already has a ton of problems; you may not need even more. If it were me, I’d wait until I’d used up the ones in the materials I already have. If I still felt that I needed more beyond that, then I’d consider getting one or more of the new books.
What’s new in OG 2016?
Approximately 25% of the questions are brand new, and there are some beauties in the mix. As I worked through the problems, I marveled anew at the skill with which the test writers can produce what I call elegant problems. On the quant side, I saw example after example in which the problem can be solved with little to no computation as long as you can decode and understand the fundamental concept underlying the problem—that’s the real test-taking skill!
GMAT Student Trends: What Do Your Fellow Test-Takers Want To Do With Their GMAT Score?
Yesterday, the Graduate Management Admissions Council (GMAC, the organization that makes the GMAT) released its annual mba.com Prospective Students Survey, a wide-ranging study of nearly 12,000 prospective GMAT-takers and graduate-school-applicants. While this survey is designed primarily to target the needs of graduate schools, there are some interesting data points that you, the aspiring student, may want to know.
Why do people want a graduate business degree?
The survey identified three main groups of people:
Career switchers (38% of respondents): these prospective students are looking to switch industries or job functions and hoping that a graduate degree will give them the boost they need to make the change successfully. People in this group are more likely than the overall pool of respondents to be age 24 or older and living in the U.S. or Canada. The size of this group has dropped by 8 percentage points in the last 5 years, perhaps not surprising as the economy has picked up since 2010.
Career enhancers (34%): these prospective students are seeking a graduate degree primarily to enhance their existing careers, whether planning to keep their current jobs or move to a new employer. People in this group are more likely than the overall pool of respondents to be female, under the age of 24, and living in Asia-Pacific, Europe, or the U.S. The size of this group hasn’t changed much in the past 5 years.
Aspiring entrepreneurs (28%): these prospective students hope to start their own businesses, possibly even before they earn their degrees, though only about 10% have already started businesses. People in this group are more likely than the overall pool of respondents to be male and living in the Middle East, Africa, Central or South Asia, or Latin America This group increased by about 9 percentage points in the past 5 years.
These three groups show some very interesting regional differentiation:
What does that mean for you? First, it’s just interesting to know. 🙂 Second, it gives you a sense of whether you are coming from a more “common” demographic or whether you will stand out more from the crowd. If the former, then you’ll want to look for other ways to make your story stand out.
Want kind of degree do people want to get? What kind of program do they want to attend?
The survey includes some very interesting data about the types of degrees people want. First, let’s address the two main categories of degrees: MBA and specialized. A little over half of the respondents were firmly focused on MBA degrees, while about 22% said that they want a specialized degree (such as a Master of Finance). The remaining 26% were considering both types of programs (it was unclear whether they are considering getting a dual degree or whether they just haven’t made up their mind about which type of degree to get).
Check out the graph below. Of the people considering only an MBA program, about 32% were most interested in a full-time 2-year program and 27% were aiming for an accelerated full-time 1-year program. For those considering only a specialized degree, Master of Accounting and Master of Finance programs are by far the most popular programs.
The report did not indicate what these numbers looked like in the past, but I would speculate that more people today are interested in a shorter study timeframe than 5 years ago. As the economy picks up, people don’t want to spend a full 2 years out of the work force, particularly those who are looking to stay in the same industry after graduate school. (This is just my anecdotal take based on the questions and comments I hear from students in my classes and on our forums.)
The below data reflects two combined categories: those who know they want a specialized degree and those who are still considering both types of degrees. There are distinct preferences by region for the two most popular specialized degrees.
There’s strong interest in a Master of Finance degree in Asia-Pacific and Europe. Those considering a Master of Accounting degree are most likely to live in the Asia-Pacific region or the U.S.
Want to read more?
If you’d like to read more, hop on over to the GMAC website and download the full report. If you have any interesting insights to share, or want to discuss something you find intriguing, let us know in the comments!
The GMAT® is property of the Graduate Management Admissions Council. All data cited is from GMAC’s 2015 mba.com Prospective Students Survey.
GMAT, GRE, and LSAT Instructor Auditions: Decision In A Day (NYC April 12th)
Manhattan Prep offers instructors flexible hours and great pay ($100/hour for all teaching and $116/hour for all tutoring). As a Manhattan Prep instructor, you will have autonomy in the classroom, but you will also be joining an incredibly talented and diverse network of people. We support our instructors by providing students, space, training, and an array of curricular resources.
Our regular instructor audition process, which consists of a series of videos and mini lessons, usually takes weeks, even months, to complete. Through this process we winnow an applicant pool of hundreds down to a few people each year.
We are offering a one-day event on April 12th for teachers interested in working with us. Candidates who attend will receive a decision that day. The event will take place at our company headquarters at 138 West 25th St., 7th Floor, in Manhattan, New York City. It is open to candidates who live in the tri-state area, have taught before, and are experts in the GMAT, LSAT, or GRE.
The day will include several rounds of lessons, as well as other activities. Each round will be pass / fail. The day will begin at 10:30 am. It may last as late as 5:30 pm for those who make it through the final round. Candidates will need to prepare lessons for some rounds; we will send more detailed instructions to candidates when they sign up for the event.
To register, please email Yanilda at auditions@manhattanprep.com by Wednesday, April 12. Please include in your email a resume including your teaching experience and a score report.
B-School News: US News 2016 MBA Rankings Released
U.S. News & World Report today released the 2016 Best Graduate School rankings. As our friends at mbaMission have reminded us, all rankings should be approached with skepticism. “Fit” (be it academic, personal, or professional) is a far more important factor when choosing a school.
That said, here’s how the top 15 American business schools stack up this round:
1. Stanford University
2. Harvard University
3. University of Pennsylvania (Wharton)
4. University of Chicago (Booth)
5. Massachusetts Institute of Technology (Sloan)
6. Northwestern University (Kellogg)
7. University of California, Berkeley (Haas)
8. Columbia University
9. Dartmouth College (Tuck)
10. University of Virginia (Darden)
11. New York University (Stern)
11. University of Michigan, Ann Arbor (Ross)
13. Duke University (Fuqua)
13. Yale University
15. University of California, Los Angeles (Anderson)
See the full list and check out the rankings by MBA programs and specialties, here.
Free Webinar Series: 5 Steps to Your Dream MBA
Are You Prepared for B-School Admissions?
Join Manhattan GMAT and two other leaders in the MBA admissions space— mbaMission and MBA Career Coaches
—for an invaluable series of free workshops to help you put together a successful MBA application, from your GMAT score to application essays to admissions interviews to post-acceptance internships. We hope you will join us for as many events in this series as you can. Please sign up for each sessions separately via the links below—space is limited.
Session 1: Assessing Your MBA Profile and GMAT vs. GRE
Tuesday, March 24, 2015 (7:30- 9:00 PM EDT) SIGN UP HERE
Session 2: Selecting Your Target MBA Program and How
to Study for the GMAT in Two Weeks
Tuesday, March 31, 2015 (7:30- 9:00 PM EDT) SIGN UP HERE
Session 3: Writing Standout B-School Admissions Essays
and Advanced GMAT: 700+ Level Sentence Correction
Tuesday, April 7, 2015 (7:30- 9:00 PM EDT) SIGN UP HERE
Session 4: Five Pre-MBA Steps to Landing Your Dream Internship and
Advanced GMAT: 700+ Level Quant Strategy
Tuesday, April 14, 2015 (7:30- 9:00 PM EDT) SIGN UP HERE
Session 5: Questions and Answers with MBA Admissions Officers
Tuesday, April 21, 2015 (7:30- 9:00 PM EDT) SIGN UP HERE