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?

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.