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.

Manhattan Prep is holding a two one-day auditions for new GMAT, GRE, and LSAT instructors in Dallas and Fort Worth! Come join us February 7^th  in Dallas or February 8^th in Fort Worth at 10:00 AM and transform your passion for teaching into a lucrative and fulfilling part-time or full-time career.

Manhattan Prep offers instructors flexible hours and great pay ($100/hour for all teaching and $116/hour on all tutoring). In addition to teaching classes, instructors can work on other projects such as curriculum development.

Our regular instructor audition process, which includes a series of video, online, and in-person mock lessons, usually takes weeks, even months, to complete. However, we are offering one-day events on February 7^th and on 8^th for teachers interested in working with us. All candidates who attend will receive a decision that day.

The events will take place in Dallas and Fort Worth at the locations listed below. It is open to candidates who live in the area, who have teaching experience, and who are GMAT, LSAT, or GRE experts.

The audition will include several rounds of lessons, as well as other activities. Each round will be pass/ fail. The day will begin at 10 AM and may last as late as 5:30 PM for those who make it to the final round. Candidates will need to prepare lessons for some rounds; we will send a more detailed instruction packet to those who sign up for the event.

Dallas, TX (Saturday, February 7, 2015)

Meridian Business Center
3010 LBJ Freeway, Suite 1200
Dallas, TX 75234
 

Fort Worth, TX (Sunday, February 8, 2015)

Courtyard Fort Worth at University
3150 Riverfront Drive
Fort Worth, TX 76107

To register, please email Rina at auditions@manhattanprep.com. Make sure to include in your full name, an attachment of your resume detailing your teaching experience, and an official GRE, GMAT, or LSAT score report. We look forward to meeting you in February!

We’ve invited our friends at mbaMission to share their 2016 MBA Class Profile Infographic! Check out their findings below and visit mbamission.com to sign up for a free consultation.

Choosing the right MBA program for your needs can be challenging. How do you identify the best one for your specific personal, educational, and professional goals?

An important element of your business school experience will be your fellow students—the other aspiring MBAs with whom you will be living and studying every day. Using Class of 2016 profile statistics from the top ten U.S. programs (according to U.S. News & World Report 2015), we at mbaMission have created this infographic to help show how the different programs compare. Enjoy!

Last week, I attended the annual GMAT Summit, held by the fine folks at GMAC (who own / make the GMAT), and I have some interesting tidbits to share with you.

It really is a myth

You know what I’m going to say already, don’t you? The first 7 (or 10, or 5) questions are not worth more than the questions later in the exam. I’ve written about this topic before but I’m going to mention it once again because of something that happened at the conference.

Fanmin Guo, Ph. D., Vice President of Psychometric Research at GMAC, was answering questions after a presentation on the test algorithm. A couple of people were peppering him with questions about this myth and apparently just didn’t seem to believe that it could possibly be true that the early questions aren’t worth more. One of the questioners also made a pretty significant faulty assumption in his arguments—and now I’m worried that an article is going to pop up trying to revive this debate. I don’t want any of my students led astray on this topic.

First, to understand why the early questions actually aren’t worth any more than the later ones, see the article I linked a couple of paragraphs back.

Second: here was the faulty assumption that I heard:

“You said that the earlier questions aren’t worth any more than the later ones. So you’re telling us that students should spend the same amount of time on every question.”

Dr. Guo was saying the first part: that the location of a question on the test doesn’t impact its weighting in the overall score. He and the other GMAC folks weren’t saying anything, though, about how you should take the test.

In fact, it would be silly to spend exactly the same amount of time on every question. Some questions are harder than others. In addition, you have various strengths and weaknesses in terms of both accuracy and speed. There are, in fact, very good reasons not to spend the same amount of time on each question. All Dr. Guo was saying was that the location of the problem in the section is not one of those reasons.

So, if you read something that says that you should spend more time on the earlier questions, roll your eyes and click away. Alternatively, if you read something that concludes that you should spend the same amount of time on every question, drop that source as well. Take a look at the data in my other article to see that GMAC actually does know what it’s doing and the GMAT is not just a test of how you perform on the first 7 or 10 questions.

GMATPrep offers more data

GMAC has been building more score reporting functionality into GMATPrep to give us a better idea of how we do when we take the official practice CATs. In fact, this capability has already launched! I need to go download the newest version of GMATPrep to see exactly what’s offered (and I’ll report back to you once I’ve done so), but they’ve started to offer data for sub-categories such as question type and content area.
Read more

The following excerpt comes from Top GMAT Prep Courses, a helpful resource for comparing your GMAT prep options, gathering  in-depth course reviews, and receiving exclusive discounts. Top GMAT Prep Courses had the chance to connect with Ron Purewal, one of Manhattan Prep’s veteran GMAT instructors, to ask questions about the GMAT that we hope all prospective MBA candidates will benefit from. Want more? Head on over to the full article!

What are the most common misconceptions of the GMAT that you notice on a regular basis?

“There are two BIG misconceptions in play here.

The first is “knowledge.” Too many people view this test as a monumental task of memorization. A test of knowing stuff. If you’re new to this exam, it’s understandable that you might think this way. After all, that’s how tests have always worked at school, right? Right. And that’s exactly why the GMAT doesn’t work that way. Think about it for a sec: When it comes to those tests, the tests of knowing stuff, you already have 16 or more years of experience (and grades) under your belt. If the GMAT were yet another one of those tests, it would have no utility. It wouldn’t exist. Instead, the GMAT is precisely the opposite: It’s a test designed to be challenging, and to test skills relevant to business school, while requiring as little concrete knowledge as possible.

If you’re skeptical, go work a few GMAT problems.  Then, when the smoke clears, take an inventory of all the stuff you had to know to solve the problem, as opposed to the thought process itself.  You’ll be surprised by how short the list is, and how elementary the things are.  The challenge isn’t the “what;” it’s the “how.” …Continue reading for the second misconception.
 

How common is it for a student to raise his or her GMAT score 100 points or more, and what is the largest GMAT score increase you’ve personally seen while working at Manhattan Prep?

“We’ve seen such increases from many of our students. I’ve even seen a few increases of more than 300 points, from English learners who made parallel progress on the GMAT and in English itself. I don’t have statistics, but what I can give you is far more important: a list of traits that those successful students have in common.

1) They are flexible and willing to change. They do not cling stubbornly to “preferred” or “textbook” ways of solving problems; instead, they simply collect as many different strategies as possible.

2) They are resilient. When an approach fails, they don’t internalize it as “defeat,” and they don’t keep trying the same things over and over. They just dump the approach that isn’t working, and look for something different. If they come up empty, they simply disengage, guess, and move on.

3) They are balanced. They make time to engage with the GMAT, but they don’t subordinate their entire lives to it. They study three, four, five days a week—not zero, and not seven. They review problems when they’re actually primed to learn; they don’t put in hours just for the sake of putting in hours. If they’re overwhelmed, exhausted, or distressed, they’ll shut the books and hit them another day. In short, they stay sane… Continue reading for more traits of successful students.

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!

Last Friday, I attended the biannual GMAC Summit, a special conference that the makers of the GMAT put on for test prep companies. I want to share various tidbits that you should know!

Integrated Reasoning (IR) has existed long enough now that GMAC is starting to be able to draw some conclusions about the efficacy of the section. Dr. Lawrence Rudner, chief psychometrician of GMAC, is quite pleased with the section’s performance to date.

Though they still need to collect more data to be sure, early results indicate that IR is actually a little bit better of a predictor of grades in business school than are the quant and verbal scores. It will still be a while before they can collect as solid / extensive data as they have for quant and verbal, but perhaps it will be the case that, eventually, IR will become the most important section! (Don’t worry: if you are applying right now, nothing has changed. Even if you aren’t planning to apply until next year, it’s unlikely that the importance of IR will change extensively by then.)

There were no admissions officers in attendance, but we did hear from GMAC that they have heard that admissions consultants are starting to consider using IR as a tiebreak for borderline cases. For example, let’s say a school considers 680+ a strong score and 630 to 670 an average score. For the pool of 630 to 670 candidates (only a few of whom are likely to be admitted), one potential tiebreak is the IR score.

If IR is not your thing, don’t worry: it’s unlikely that any school is making this tiebreak decision based solely on the IR score. After all, many different variables go into an application; they might also decide to use number of years of work experience, under-represented industries, or some other factor. If you do tend to perform well on IR, though, then bonus: that’s an extra mark in the plus column for you.

Interestingly, US students are tending to do a bit better on IR than all other students. (This is also true for the Verbal section of the test, while non-US students tend to do better than US students on the quant section of the test.) A lot of people consider IR more of a quant section, but verbal is just as important. If quant is your strength, then you’ll feel that IR is testing verbal more, and vice versa.

Scoring and Timing

I have only one piece of info for you here, but it’s quite an important piece of data. As we were discussing the scoring algorithm, someone asked the age-old question: whether certain questions were “worth more” than others. Dr. Rudner indicated (as he always has in the past) that the earlier questions are not worth more than the later ones. He did, though, indicate something that we suspected but had never heard officially confirmed: “outlier” questions ultimately count less towards your score.

What’s an outlier? Briefly, an outlier is a question for which your performance was unexpected. Read on to understand what this means.

An outlier is always relative to your own performance. (Note: we’re also talking only about the questions that count towards your score; the experimentals don’t matter here.) Most of the questions you answer will be within a certain range of difficulty. As a general rule, you’ll answer more of the easier questions in your range correctly and you’ll answer more of the harder questions incorrectly. This is the expected behavior.
Read more

Exciting news! GMAC (the owners of the GMAT) announced on Friday that, starting immediately, we’ll get our unofficial IR scores as soon as the test is over. They already do this for our Quant, Verbal, and Total scores, so IR will be added to the mix.

As with the other scores, the IR score will be considered an “unofficial” score until you receive your official score report. You can consider these test-day scores essentially official, though, as it’s incredibly rare for something to change after that day. The folks over at GMAC are professionals; they’re not going to release scores if there’s even a small chance that something could change, upsetting students who thought they had earned a different score.

So now you won’t have to wait to find out how you did on IR. (You’ll still wait for the essay score, of course, but that’s not quite so nerve-wracking, is it?)

Need to practice IR? Try our new free GMAT Interact lessons for Integrated Reasoning.

Happy studying and good luck on test day!

Catch up on some business school news and tips with a few of this week’s top stories:

Here’s Why Applying To Harvard Business School Has Never Been Easier (Forbes)

Rather, it’s never been more straightforward – for you and close to 10,000 other applicants who are likely to apply this year for one of 940 or so places in the Class of 2016.

Want To Be An Entrepreneur? Then Get Your MBA (Really) (The Globe and Mail)

For those hoping to break into entrepreneurship, business school is an amazing path to do so because of its inherent opportunities.

10 Least Expensive Private Business Schools (U.S. News Education)

These private b-schools keep tuition and fees under $40,000 a year.

At Harvard Business School, Lessons in Leadership from Literature (Bloomberg Businessweek)

For the last 12 years, HBS students, who take a class on literature and leadership, have been scanning the pages of books for lessons to help them tackle business’s most challenging dilemmas.

Did we miss your favorite article from the week? Let us know what you have been reading in the comments below or tweet @ManhattanGMAT

Catch up on some business school news and tips with a few of this week’s top stories:

Seek Online MBA Programs The Provide Travel Opportunities (U.S. News Education)

Traveling abroad can help online business students network and improve their resumes.

The Nuances of an MBA Resume (Poets & Quants)

In an application, a resume is more than a chronology of your academic and professional career.

How Getting an MBA can Help You Be a Better Entrepreneur (Upstart Business)

Whether an MBA is necessary to be an entrepreneur is the subject of lots of debate, but getting a master’s in business administration can be a huge help in getting your startup off the ground.

M.B.A. Admission Tip: Always Go for an Easy ‘A’ (The Wall Street Journal)

Business-school applicants with high undergraduate grade point averages are more likely to be admitted than those who performed slightly less well but did so amid tougher grading standards.

From a Dark Foundry to The Milanese Sunshine: Do An MBA, Says MIP Engineer (BusinessBecause)

Former technical manager of engineering giant Metec WA shares why all engineers who want to be recognized as good managers should get an MBA.

Did we miss your favorite article from the week? Let us know what you have been reading in the comments below or tweet @ManhattanGMAT

Catch up on some business school news and tips with a few of this week’s top stories:

Best GMAT Books (Test Study Guides)

Test Study Guides shares their hand-picked list of the best GMAT prep books and explains why these are the most effective study guides for the test.

Maximizing the Minimalist MBA App (Poets & Quants)

You should view your MBA application as the admissions committees do: as a holistic package of documents that work together to provide a comprehensive and cohesive introduction to you.

Students Offer Inside Look at Harvard Business School Admissions Process (Business Administration Information)

The student news organization at HBS has produced an unofficial admissions and interview guide, offering potential b-school candidates an advanced look at what types of questions they will get in their admissions interview.

Target MBA Jobs That Pay Well, Require Fewer Hours (U.S. News Education)

Find out which jobs offer a competitive salary and also have more flexibility in their work hours.

Do You Need a Résumé in the LinkedIn Era? (Harvard Business Review)

Your LinkedIn profile should be the most-viewed and most current version of your professional life. That has many people asking: Do I even need an old-fashioned résumé anymore?

Bain May Use GMAT Integrated Reasoning Test to Help Screen MBA Hires (Bloomberg Businessweek)

Bain & Co., one of the most coveted MBA employers, may soon use scores on GMAT’s new Integrated Reasoning section to screen applicants for consulting jobs.

Did we miss your favorite article from the week? Let us know what you have been reading in the comments below or tweet @ManhattanGMAT