The Northeast Region’s Top Accelerated MBAs
The numerous advantages of an accelerated MBA start with one that’s particularly appealing–low cost. And while accelerated programs are more affordable, they are by no means less valuable or challenging than two year programs. In fact, they can be quite intensive in that they allow students to leverage their undergrad business education directly to MBA studies by covering core requirements.
Kellogg On Pharma’s Lack of Innovation, and More – Chicago News
Let’s explore some of the most interesting stories that have emerged from Chicago business schools this week.
Everyone Wants Pharmaceutical Breakthroughs. What Drives Drug Companies to Pursue Them? – Kellogg Insights
Northwestern University Kellogg School of Management Professor of Finance Dimitris Papanikolaou recently co-authored new research that illuminates why “pharmaceutical firms these days often make minor changes to existing medications instead of delivering innovative drugs.”
The study, which was co-authored with HBS’s Joshua Krieger and MIT Sloan’s Danielle Li, found that “financial frictions may be limiting innovation.”
According to the article, “The researchers found that firms were eager to work on novel drugs—under the right financial circumstances. When pharmaceutical companies got a windfall, such as a sudden increase in profits, they were more likely to spend it on developing novel drugs than on incremental improvements.”
You can read more about the trio’s research here.
Kadiani Finds Passion for Social Entrepreneurship at Gies Business – Gies College of Business News
The University of Illinois Gies College of Business recently profiled current Master of Accountancy Science student Hamed Kadiani whose social entrepreneurship journey began as part of student organization Illinois Enactus, which helped him understand his desire to see “what the root of the problem is, and then develop a solution that fixes the cause, not the symptom.”
Kadiani later served as project manager for Project Oasis, an “online center that connects immigrants to resources in Champaign-Urbana, provides access to 75 resources in six main focus areas such as healthcare and education, [and] teaches immigrants financial literacy and entrepreneurial skills.”
According to the interview, Kadiani plans to become a CPA but shared his ambitions to some day run for political office.
“I hope I made an impact on campus, but I truly believe this work made more of an impact on me. I am who I am today because of this university and Gies College of Business.”
You can read more from the Gies College of Business News profile here.
Mendoza’s Marketing Major Puts a Strong Emphasis on Digital Skills – Mendoza Ideas & News
Notre Dame Mendoza’s Marketing Department recently recruited Professor Timothy Bohling, who will teaching Digital Marketing to both undergraduate and graduates in spring 2019.
Having previously held senior executive leadership positions at Stratasys, HCL Technologies, and IBM, Bohling’s research and teaching interests are “centered both on scholarly rigor and practitioner relevance in areas of digital marketing, customer relationship management, decision modeling, customer lifetime value and innovation adoption.”
The Mendoza Marketing Department has introduced four specialized tracks that emphasize data-based strategies: marketing decision analytics, brandscaping; consulting and market development; and digital marketing.
You can read more about Bohling, his research, and the 2019 courses here.
No GMAT? Check Out Some of Our Favorites Schools that Offer Waivers
Applying to MBA programs can be a labor intensive and overwhelming task, and one may wonder how necessary it is to add the GMAT to an already lengthy to-do list. It’s important to note that the GMAT helps admissions boards to efficiently gauge a student’s overall readiness for the MBA in comparison to other applicants, regardless of the rigor of their undergraduate work. Also, b-schools use the average GMAT of successful applicants in order to bolster their rankings in certain publications. Some programs do, however, accept GMAT waivers.
Here is a look at some top schools that do not require GMAT scores, along with a summary of their waiver requirements.
The Rutgers Business School offers MBA students to forego the GMAT or GRE if they have eight or more years of professional experience and an undergraduate GPA of 3.0 or higher. Students with a Master’s degree and at least five years of full-time work experience may also apply without taking the GMAT.
La Salle University has several possibilities for students who have not taken the GMAT. Potential MBAs can obtain a waiver if they have graduated from an AACSB-accredited school with a minimum cumulative GPA of 3.2; a minimum GPA of 3.0; and three years of work experience. La Salle’s MBA program director evaluates each applicant’s work experience to determine whether the waiver may be granted.
Applicants with a CPA license or a CFA Charter may also apply without the GMAT, as may those with a Ph.D. or a Master’s degree or higher from an accredited institution. A cumulative GPA of 3.0 or higher is required for applicants with a Master’s degree.
LaSalle also has a ‘qualified admission’ option in which a student with two years’ work experience and a GPA of 3.0 or higher from an accredited school can waive the GMAT requirement. Qualified students may take up to four MBA courses, and with an overall GPA of 3.3, will not be required to take the GMAT. ‘Conditional Acceptance’ is also an option, in which a limited number of students are admitted for one semester, but then must take the test in order to remain enrolled and gain financial aid eligibility.
University of Delaware’s Lerner College of Business and Economics gives waivers to MBA students if they possess a terminal degree (Ph.D., MD, or JD, for example) or if they have four or more years of professional experience at the full-time level. Other conditions under which a student may apply with no GMAT are a minimum undergraduate GPA of 2.8; a minimum grade of ‘B’ in two non-introductory level statistics or calculus courses; and an acceptable level of writing ability and English proficiency.
Lerner also grants exceptions to the GMAT requirement for undergraduates of the school who have fewer of four years of work experience and a GPA of 3.0 or higher, in addition to ‘B’ grades or better in 200 level statistics or math courses.
The Pace University Lubin School of Business MBA admissions board considers waivers of GMAT scores for students with a 3.2 GPA or above for all undergraduate coursework. For those applying to the one year fast track MBA in Financial Management or Marketing Management, applicants need a cumulative GPA of 3.3 or above and a B grade or better in all undergraduate business courses.
Babson College’s F.W. Olin College of Business offers GMAT waivers to all applicants to the Blended Learning MBA program, as students applying to this track are required to have extensive work experience. Additionally, those applying to Babson’s evening MBA do not have to submit GMAT scores in certain circumstances, such as a grade of ‘B’ or better in two or more quantitative undergrad and/or graduate courses or exhibited quantitative and analytic skills in a work setting.
Babson evening MBA applicants who have a professional certificate with a quantitative focus such as a CPA or CFA may also apply without taking the GMAT. Other instances in which evening MBAs may apply without the test are a 3.0 GPA or greater throughout their undergrad degrees, a prior degree from Babson, or completion of Babson’s Certificate in Advanced Management (CAM) program.
The GMAT requirement may also be waived at DePaul University’s Kellstadt Graduate School of Business if an applicant meets some specific criteria. With a bachelor’s degree from an accredited university along with five years of work experience, a student may petition for a waiver. Work experience must include both management and quantitative responsibilities.
Like other programs mentioned above, the GMAT may not be required if a student already has a PhD, JD or MD, or a Master’s degree in finance. An LSAT score of 160 or higher along with an undergraduate degree, or completion of all parts of the PE exam may also exempt an applicant from the GMAT requirement.
Students applying to the part-time MBA program who have attended DePaul’s Driehaus College of Business for their undergraduate work may receive a waiver with a minimum GPA of 3.2 and at least two years of work experience.
Suffolk University’s Sawyer School of Business allows students who have taken the CPA exam to request a waiver, and also those who have taken the first level of either the CFA or the FRM exams. Second semester seniors and undergraduate business students applying for an MBA may waive the GMAT with a cumulative GPA of 3.3 or greater.
Students with work experience and certain GPA requirements may waive the GMAT; those who have worked for two years in a relevant position with an average grade point of 3.4 may request a waiver, as can those who have four years of work experience and a 3.3 GPA. With six years of work experience and at least a 3.2 GPA, an applicant may also waive the submission.
Law school graduates (from ABA approved schools), along with MSA, MSF, MSBA or MST from an AACSB approved institution are eligible for waivers. Sawyer allows MBA applicants who are in their second senior semester of undergraduate music management at Berklee College to request a GMAT waiver as well, provided the student maintains a 3.3 minimum GPA. Recent Berklee graduates may also request exemption from the GMAT requirement.
Golden Gate University’s Edward S. Ageno School of Business has several options for students who wish to apply without the GMAT. Those with a Master’s degree or higher from any accredited US institution may be exempt, along with any applicant with a 3.5 GPA or greater during undergraduate studies. Applicants with a CPA or other professional license may also petition for the waiver.
Any applicant with proven work experience of five years or more and/or management experience are eligible to waive the submission with approval from the Dean.
At UNC’s Kenan-Flagler Business School, applicants with a CPA or CFA license are eligible for waivers, as are those with a Master’s or Ph.D. in a technical field. Kenan-Flagler does not list minimum GPA requirements for eligibility, and professional experience is evaluated on a case-by-case basis.
It’s also important to note that Executive MBA programs typically offer GMAT waivers. However, applicants usually possess extensive management experience before enrolling.
How To Become A Financial Director After Earning An MBA
The finance industry is among the most popular destinations for MBAs to seek employment following graduation—finance and accounting make up 22 percent of all MBA jobs and more than 84 percent of finance and accounting firms planned on hiring MBA graduates in 2016. Continue reading…
How To Become An Accountant With An MBA
When it comes to stable career tracks, there are few more surefire bets than keeping the long arm of the Internal Revenue Service at bay, particularly if you’re the hyper-punctual, law-abiding, number-crunching type. If so, the role of accountant may be just right for you.
Rutgers School of Business Hosts CPA Review Program
Rutgers School of Business– Camden will be hosting a CPA Review program for recent RBS graduates and current students who are preparing to complete the CPA exam. This is a non-credit program held at the Rutgers-Camden campus. The program will help to assist those who plan to take the CPA exam next year. The program is not designed for students who are planning to sit for the exam within the next 12 months. The prep program is being offered through the Ragone Center at RBS.
