Kaplan GMAT Alumn: Making Business Social



Kaplan Business SchoolIn an earlier post, we kicked off a Kaplan GMAT student success story series.  We want to share our students’ successes to inspire you to reach for your goals because they are attainable.  In fact, your goals are so important to us that you can win cash and prizes just by telling us about them!  We want to know:  Where will you take you?TM

Jeff Gibbard never had a problem with creativity. But in order to get his social business agency off the ground, he needed to give himself a left-brain advantage. After preparing for the GMAT with Kaplan, he got a scholarship to Drexel’s fast-track MBA program and eventually founded his own social business agency.

Q: Why did you decide to get an MBA?

My undergrad degree was in film and media arts. During my studies I explored other creative outlets such as photography, graphic design and basic web development. I tried to start a few businesses, and it quickly became very clear that, in order to reach my full potential, I needed a business education.

Q: So after you decided to go for an MBA, what was the biggest surprise about what it takes to get into business school?

I can’t say that anything really “surprised” me, but it was definitely an adjustment trying to juggle work, a relationship, studying for the GMAT and getting everything together for my MBA application. I had done my research, so I knew what to expect, but knowing what needs to get done, and actually doing it, are not the same thing. I was also a bit nervous about how competitive my top schools were.

Q: What did you do to become competitive?

In all honesty, Kaplan helped a lot. My first GMAT score prior to my GMAT course did not cut it.  A strong GMAT score was necessity to get into my top choice schools. I knew I could get a good enough score, but I also knew I needed help to get there. It was honestly the best decision I made on the road to business school. Kaplan’s GMAT prep course allowed me to raise my score to such an extent it translated into not only admission into the program of my choice, but also a scholarship to go there.

Q: And now?

Now I run my own company, doing exactly what I dreamed of doing one day. My company, TrueVoiceMedia, lets me apply my creative skills everyday while using everything I learned in graduate school to grow my business by virtue of helping others grow theirs. I love what I do, and I know I couldn’t have gotten here without getting my MBA degree. I also know that I wouldn’t have been able to receive that education if I hadn’t made the choice to get competitive and raise my GMAT score. So, sincerely, thank you for the role you played in my success. I am very grateful.

Now that you’ve read about where Jeff took himself, we’d like to hear from you! Where will you take yourself? Tell us what lies in your future, what your ambitions are, how you’re going to leave your mark on this world. In short, tell us what and who you’re going to be. We want to hear the story of the “future you”—in 120 characters or less—and give you the chance to win cash and a free Kaplan course. Click here to enter.

B-school Perspectives: Going Full-time vs. Part-time



Let me begin by introducing the 700lb gorilla in the room: creating a sound financial argument for choosing to quit your job and go to b-school full-time is extremely difficult.  In a previous blog post, I wrote about the financial reasons to consider a part-time MBA program.

For the purposes of this post, I’m going to move beyond the money issue and speak about what going full-time meant to my experience as compared with the many part-time students I worked with while in school.  Then I’ll kick it over to my colleague, Jonathan Wylie (a current part-time MBAer) to see what he has to say about his experience as he finishes up his first year in Berkeley’s program.  I’ll begin at the beginning…

Upon entering business school in pursuit of an MBA, the “non-traditional” label fit me like an old pair of jeans.  My undergraduate degree was in fine arts with a concentration in sculpture.  I spent most of my twenties working as a studio artist and craftsman in various small businesses from North Carolina all the way up to Alaska.  I made my money with my hands and my eyes.  I saw myself as a journeyman: out to learn all I could about materials and the processes for working with them, creating designs and writing proposals, managing client expectations with the realities of a project, and developing a small business while keeping the creative fires burning and, well, creating.

I am fundamentally bent toward immersion, and after a path that took me across the oceans and around the globe, I made the decision to get a Master’s in Business Administration about 3 months before applications were due.  For me, attending part-time was never an option.  I knew that this would represent a sea-change in my life and I had every intention of making the most of it.  I took the GMAT, applied, and, when the time came, was glad to leave the job I held.  I was excited to get back into academia with the drive and purpose only a graduate student can muster.

Choosing to go full-time presented me with options I would never have had otherwise.  It began with a graduate assistantship position (one of few offered and only offered to full-timers) and a scholarship (again, only offered to full-time students and although it was not comprehensive, it did pay for approximately my first year of classes).  What’s more, as a full-time student I was able to exploit the incredible array of opportunities one can only find either in or by way of an institution of higher learning.  Classes were important for me, to be sure, but what I did outside of class was just as valuable, if not more so.

For example, I am a diehard advocate of experiential learning.  Business competitions require an immense time commitment.  I was able to participated in three.  I also led 50 MBA students on three separate economic development service trips on the back of $60,000 in university funding.  Those programs remain in place to this day and are specifically reserved for the school’s full-time learners.  Beyond that, internships and study abroad programs (both highly valuable learning opportunities) are often out of reach for many part-time students due to their continuous professional commitments.

Upon completing the first year of core curriculum, my full-time cohort went their separate ways in order to pursue individual concentrations.  During year 2, the majority of my classmates were part-time students and full-time professionals.  While I was taking a full class load, working on a project with a Rwandan co-op, banging out the final version of a presentation for a conference, and writing a business plan, my new-found colleagues were using toothpicks to hold their eyes open during the lecture.  I often spoke of all I did at the school when the tie-in was clear and relevant (something which happened with notable frequency).  These instances were often met with lament: “That would be nice if I had any extra time.”

After enough of those conversations, I took on the task of building bridges between our university’s full- and part-time students.  I made it a point to offer up opportunities that came my way to everyone.  I remember holding a meeting with the assistant dean of the business school to figure out why taking one part-time student out of a group of twenty with me on a trip to New Orleans was met with so much resistance.  In the end, he allowed the student to go, but he conveyed the strategic importance of building a strong F/T program and, thus, of exhausting opportunities in that pursuit first.

All the way to graduation, I maintained the call for my part-time colleagues to do what they could to involve themselves in whatever possible outside of scheduled classes.  I still sound that drum when I stand in front of them as their MGT500 instructor and bang it frequently for my Kaplan students who will soon be at graduate school themselves.  In the end, I am much more concerned with expanding what graduate school has to offer beyond the classroom.

I am an advocate of choosing to attend full-time if that is a viable option for you.  This will very likely be your last gulp of academia, and I implore you to drink every last drop.   What do you think Jonathan?

A Kaplan GMAT Alum’s Success Story: Meet Jennifer Shoemaker



GMAT MBA

Going to business school is a means to an end.  We use b-school to help us reach our goals, advance in our careers, and become better people.  But the desire to get a graduate management degree is not enough.  We must take many steps and work very hard just to get in the door.  The GMAT is a significant obstacle along the road to b-school.  A lot goes into preparing for the test, and the result of that preparation has a direct impact on turning our aspirations into realities.

At Kaplan, we have thousands and thousands of success stories—stories of people who, just like you, made the decision to go to business school and did what they had to do to get there.  These folks had a clear image in their minds of who they wanted to be and, most importantly, they went for it.  We are proud to be a part of those journeys and we count their success as our success. Take Jennifer Shoemaker, for example.

Jennifer is a certified public accountant, marathon runner and amateur boxer. To land her dream job and take her career to the next level, she needed an advanced degree from a top business school. After prepping with Kaplan, she got into the University of Notre Dame, earned an M.S. in Accountancy and was on her way. We had a conversation with Jennifer about what it means to be where she is now and how she got there.

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Q: What made you decide to go to business school?

“I had a job offer from a company that I really wanted to work for, but the offer was conditional upon earning an advanced degree from a top business school.”

 

Q: Oh, that’s all? Those degrees from those places are pretty hard to come by. How did you do it?

“As soon as I knew what I had to do to get where I wanted to go, I started researching how to get there. To get into a top business school, you absolutely must have a high GMAT score regardless of how well you do in undergrad. So, I walked into my Kaplan center and asked for a tutor.”

 

Q: Did you find one?

“Yes I did, and I was extremely lucky! I stopped in the Kaplan center over winter break and the only person working there was the center manager. He previously was a GMAT instructor and a tutor, but had moved into a management role and wasn’t taking on any students at the time. However, he still took me on as a student and sat with me for a month straight, coaching me on the GMAT. I knew he was extremely busy with his other responsibilities being a manager, but he never once made me feel like I was imposing on his time. My GMAT tutor worked longer days just so that he could help me. He taught me the logistics of the exam—what it tests, how it tests, what to expect, how to pace myself. He also put in the extra effort to teach me to believe in myself and to attack the exam with confidence. To this day, my tutor remains one of the most influential people I’ve met in my life. I will forever be appreciative of everything he did for me.”

 

Q: Wow! That’s a great story! How does it end?

“After endless multiple choice questions and sleepless nights of GMAT studying, I took my exam and earned the score I needed to get into the business school I wanted to go to! I was later accepted at the University of Notre Dame where I ultimately received my Master’s in Accountancy, which then led to my first job at a Big Four public accounting firm.”

 

Q: Do you have any advice for people just setting out on the road you walked?

The GMAT is a hard test and it takes a lot of work to get a great score. But, just learning how to work out math problems and correct bad grammar won’t take you all the way. The confidence that I gained during those long hours of tutoring and study was such a critical element of my success not only on the GMAT, but also the on CPA exam and in my career. I took what I had learned with my Kaplan instructor and applied it to my own study regimen for the CPA. One of my proudest accomplishments is passing the CPA exam in only eight months, and I know that wouldn’t have been possible without first believing I could do it.  More importantly, I had proof that I’d done it before. Knowing that made me feel like I could achieve anything.”

 

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Now that you’ve read about where Jennifer took herself, we’d like to hear from you! Where will you take yourself? Tell us what lies in your future, what your ambitions are, how you’re going to leave your mark on the world. In short, tell us what and who you’re going to be. We want to hear the story of the “future you”—in 120 characters or less—and give you the chance to win $2500 in cash and a free Kaplan course. Click here to enter.


Business School: An MBA’s Perspective



As you may know, I recently took a break from studying the GMAT, but I didn’t take a break from researching B-school programs. I had the pleasure of interviewing my friend, Cavaughn Noel.  He is a 2009 graduate of the NYU Stern full time program. Here are some of the golden nuggets he shared with me:

Candice: I know it’s been a while, but can you recall your experience preparing for and taking the GMAT?  Do you have any tips for those of us still in this stage of the B-school application process?

Cavaughn: It was hard (laughing) – we all know that!  I didn’t take a prep course beforehand, but looking back, I think it would have been a good idea.  I took a lot of practice CAT’s.  Repetition is key.  The more practice tests I took, the more comfortable I felt with the questions.  So, I would suggest taking a course and taking as many CATs as you can.

Candice: So why NYU Stern?  How many other schools did you apply to?

Cavaughn: Stern was the only school I applied to.  I looked at a few other programs, but I was confident that the curriculum and environment at Stern were the perfect fit for my future goals.  If you are still at the beginning stages, I suggest you do extensive research on all aspects of the various programs to make sure the fit is right for you.

Candice: What was your favorite part of the program at NYU Stern?

Cavaughn: I am very passionate about entrepreneurship.  I love the idea of people creating their own wealth.  The business plan competition was one of my favorite events.  It was great to meet other B-school students with similar interests and a shared passion for innovation.

Candice: What are you up to now?

Cavaughn: My passion for entrepreneurship has led me to start my own social travel company.  I can’t share the details yet.  We are still in the planning stages.  In the meantime, I have been working for a few companies as a consultant.

Candice:  Thanks for your time Cavaughn!

This is just the tip of the iceberg of my B-school research.  I hope it was informative and helpful.  I plan to do more interviews in the coming weeks, and I’ll post them here.  Next up, Rutgers University (my alma mater).  What other schools do you want to hear about?

Now it’s time to get back to the GMAT…Happy Studying!

5 Reasons to Consider Working Overseas



By: Mona Abdel-Halim

If you’ve considered working in another country, now might not be a bad time to do so, particularly with today’s job market still looking dismal for young professionals. In fact, over the past five years or so, the rate at which Americans are leaving the U.S. has risen sharply. The number of expatriate Americans in 2011 was around 4 million, and the number continues to rise.

Plus, these opportunities to experience new cultures and gain unique work experience will certainly set you apart from your peers in the future.

Check out these reasons to consider heading overseas for your career:

New career opportunities. Whether you currently have a job or are searching for something new, heading overseas is a great way to open up new doors for your professional life. For instance, if you’re already employed, it’s possible that you’ll meet new people within your current organization who could be influential on your future career, and you also might be up for more promotional opportunities because you’re able to stand out more in your new environment.

See the world. As a young professional or recent graduate, it’s likely that you aren’t tied down by a family life just yet. It’s quite difficult to choose to work overseas when you’re concerned with uprooting a family, so if you’re interested in traveling and working abroad, now is a great time to discover new places and people.

Save money. Tax rates and cost of living in many countries is lower than in the U.S., so even if you’re earning less than you would here, you’ll be able to have more disposable income and savings in the end.

Gain independence. Step out of your comfort zone. If you’ve moved back home after graduation, cut the cord from Mom and Dad. You’ll be happy to learn that many expatriate work scenarios provide housing or an allowance, making it even more intriguing to work in another country.

Learn new languages. The exposure to a new culture and other languages is priceless. It’s also a great resume booster and talking point during future career opportunities. You might even become fluent in another language during your experience!

Have you spent time working or living overseas? What has it done for your career?

Mona Abdel-Halim is the co-founder ofResunate.com, the only resume tool used by top business schools worldwide. You can find Mona on Resunate’s Twitter chat (#Resuchat) and onFacebook.

Does MBA = The Big Buck$ ?



I don’t read Forbes magazine with any regularity.  If there is a copy in the dentist’s office, then I might pick it up and look at the cover, but will rarely be enticed to actually open it and read an article.  However, as is becoming ever more apparent, the age of print media is ceding tremendous ground to its virtual counterparts.  As proof, I come across an interesting Forbes article online with some notable frequency.  Here’s the latest eye catcher:

The MBA Megabucks CEOs” has a title I just couldn’t pass up.  Maybe it was the timing—GMACs’ 2012 Alumni Perspectives Survey Report was recently released and in it we learned a couple things about remuneration trends with MBA degree holders.  Anyway, it reads almost like an article out of People; full of straw-man evidence and blanket statements that get folks comparing themselves to others in useless ways.  Still, that kind of thing is entertaining, no?

As it turns out, forty out of the 100 best paid CEOs in America during 2011 hold an MBA degree.  The article also gets into some patterns among the world’s ultra-rich and, interestingly, that list contains a bunch of people that dropped out of school.

So to answer the question in the article’s title: Sure, it could.  But we knew that already.  While the promise (or better-than-average chance) of seeing a return on our investment in graduate education is an important factor in our decision to go, I hope it is not the only factor you are considering.  Don’t get an MBA just to get a bigger paycheck.  Have more purpose than that.  As sentimental as it may sound, I hope you pursue an advanced degree mainly out of a desire to become a better person.  That way, if you do end up with the Big Stack, you’ll do some good with it.

Creating decision-ready MBAs



“I want to see MBAs who can jump in and make decisions, not jump in and learn to make decisions.”

– Henry Kravis, co-founder, Kohlberg Kravis Roberts

 

If you haven’t already, at some point during your MBA you’ll catch wind of the case study controversy.  Well, controversy might be a tad hyperbolic, but there is definitely a strong contingent that derides their use and usefulness in training effective managers.  Columbia Business School entered the fray in 2008, not to add more verbal fuel to the fire, but rather offer an actual solution, or, at minimum, an alternative.

Led by Columbia’s dean, R. Glenn Hubbard, the institution devised an approach which utilizes a “decision brief” rather than the traditional case study.  Unlike a case study, decision briefs provide limited information from which students must make a decision.  Only after their decision is made do students receive the rest of the information.  This information packet includes the reasoning and results of the decision as it was actually made in the real-world instance from which the brief was drawn.  Then, students may endeavor to compare and contrast their efforts and final call with reality.

The decision brief approach was launched in the summer of 2008 and Columbia’s CaseWorks initiative continues to crank out new offerings.  Keep your eyes peeled for these decision briefs in your eventual curriculum and decide for yourself which teaching technique is more effective in creating the types of MBAs Mr. Kravis refers to in the opening quote of this post.