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GMAT Gets Popular With European Schools – Reports Sent Here Are Up By 90%
The Age of U.S. Business School dominance is waning. More and more people are actually looking to go to European business schools. More Europeans are taking the exam than ever before and a big chunk of them are actually choosing to stay within the European countries to attend business school. The trend used to be that Europeans would attend business school in the U.S.–but now, Europeans are favoring schools like INSEAD, Oxford, etc.Is it because of the lovely European women?
Some interesting stats from the period of July 2009 to July 2010 are:
- In 2010, 11% of GMAT score reports were sent to European business schools. Compare that to the percentage in 2006, 7.5%. In actual numbers, 85,262 reports sent to European business schools in 2010.
- In 2010, GMAT test takers from Europe sent out 42% more GMAT reports–indicating a huge increase in GMAT test takers in Europe.
- As expected, the countries that received the most GMAT score reports were the U.K., France, the Netherlands, and Spain.
- One-third of the GMAT score reports sent to European institutions were sent by Indian and Chinese citizen.
- Germans sent the most score reports to European schools in 2010 than did any other European country.
So it looks like there’s an influx of Indian and Chinese people towards European business schools. There’s also an influx of Europeans to European business schools.
So who loses out?
The American business schools. Sure, top business schools in the U.S. are still elite by any standard. But it’s important to note that the reputation of Euoprean business schools is significantly better than it was 5-10 years ago. And that reputation is reflected by hard data numbers as shown above.
We here at GMATPill love tutoring Europeans on the GMAT. Students hail from the big areas like France and London–but also smaller areas like Copenhagen and Portugal.
As always, we’re here to help. Whether, you’re Chinese, Indian, European, or American–you’ll have to jump through the GMAT hurdle to even get a chance at any of these global business schools, unless you’re a brazilian Victoria’s Secret supermodel who loves GMATPill.
Additional GMAT Resources and Articles
Did you know your GMAT Verbal is actually more important than your GMAT Quant score if you are trying to break 700? You might want to make sure you know which parts of the exam to target before you take the GMAT.
Sure, solving permutation and combinatoric quant problems sounds all fancy. And yes, you should do the best you can possibly do on quant. But look at your competition. A lot of non-native English speakers worldwide are taking the GMAT. Most of these people will do well on quant, but the area they are weakest in is the Verbal part–particularly reading comprehension. So re-evaluate where you put most of your focus.
Looking to make lots and lots of money? What does the GMAT have to do with a career in investment banking and management consulting. Well, it has nothing to do with financial modeling, but it may be the first step to a profitable career.
Don’t underestimate the psychological part of the GMAT exam. Success on the GMAT has more to do with your mental toughness than you may think. It’s not just about academic rigor.
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Verbal Videos: Sentence Correction | Critical Reasoning | Reading Comprehension
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U.S. News Business School Rankings for 2012
Stanford snatches the top spot!
What can I say? As a graduate of Stanford I can’t be more proud of the university as a whole.
Statistically speaking, Stanford is the most difficult to get into. The class size is the smallest–only space for roughly 380 per year or 760 total. Meanwhile, Harvard’s class size is 800 each year or roughly 1600 spots. So there’s a lot more spots available there than at Stanford.
Here are the rankings. In parenthesis are the school’s ranking last year.
2012 U.S. News MBA Rankings
1. Stanford (1)
2. Harvard (1)
3. MIT (Sloan) (3)
3. U. of Pennsylvania (Wharton) (5)
5. Northwestern (Kellogg) (4)
5. U. of Chicago (Booth) (5)
7. Dartmouth (Tuck) (7)
9. Columbia (9)
10. NYU (Stern) (9)
10. Yale (11)
12. Duke (Fuqua) (14)
13. U. of Virginia (Darden) (13)
14. U. of Michigan (Ross) (12)
16. Cornell (Johnson) (18)
17. U. of Texas (McCombs) (16)
18. Carnegie Mellon (Tepper) (16)
19. U. of North Carolina (Kenan-Flagler) (21)
20. Washington U. in St. Louis (Olin) (19)What About GMAT Scores?
So what do we know about GMAT scores? Well, the trend is that they’re rising. It used to be that only the top 10 schools would have average GMAT scores in the 710 and up area. Now schools in top 15 are showing the same stats.
So now it’s even more important to get a competitive GMAT score just to stay competitive with the applicant pool for schools in the top 15. Soon, all top 20 will have these kinds of GMAT scores.
So if you’re far from this range, you’d better make sure you get your act together. Getting into business school is tough. At the minimum, you should be in the target range of your target school. The target school for schools in the top 10 to top 30 have risen–so make sure you keep your game up! If you don’t already, make sure you have a GMAT study plan.
In other news, NYU’s Stern School of Business announced that they no longer require the GMAT exam for Executive MBA applicants. Regular MBA applicants still need to take the GMAT. It’s just those who are executive level who are now exempt from sending in GMAT scores.
Other resources:
GMAT Practice Questions
GMAT Vs GRE For Business School
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Verbal Videos: Sentence Correction | Critical Reasoning | Reading Comprehension
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Difference Between “Which” and “That”
In general – “which” is used to DESCRIBE a phrase.
“That” is used to restrict the scope of what you are talking about.
For example,
“I’m going to the park that has tennis courts.”
instead of
“I’m going to the park, which has tennis courts.”
You can assume there are lots of different parks. Which park are you going to? You’re going to the one THAT has tennis courts.
When you are restricting the scope of ALL PARKS down to a specific one–then you use THAT.
Here’s another example:
“I’m going to Mountain Lake Park, which has tennis courts.”
instead of
“I’m going to Mountain Lake Park that has tennis courts.”
Here, “has tennis courts” describes a specific park Mountain Lake Park. It does not restrict the scope of parks because the scope is already restricted by giving a name to the specific park we are talking about. Since the phrase “which has tennis courts” is a DESCRIPTION that is NOT RESTRICTING the scope of our perspective, then we use “which” instead of “that.”
For more examples, watch these two videos here.
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Verbal Videos: Sentence Correction | Critical Reasoning | Reading Comprehension
Quant Videos: Problem Solving | Data Sufficiency
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