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How Money Are You: Match the Exam to the Graduate Degree
Forty-four percent of you are headed to graduate school in the Fall, so many of you know that there's more to the applications than simply filling them out. Certain standardized tests are required in order to complete grad school applications, and they're different depending on what type of degree you hope to earn. Do you know which exams go with what degrees?
I'm Asking: What's Your Plan B?
Business school has served as a common back-up plan for many professionals when the economy and job market are in the dumps. The recession has seen its share of b-school applicants but this economic cycle also comes with a twist — it seems some MBA students need a back-up plan for their back-up plans. We're all being thrown for a loop and I know that I've come up with a couple of fall-back plans of my own, just in case.
Grind Tip: What to Do If You're Debating Another Degree
Going back to school is a huge decision entailing two things that are valuable and hard to come by — time and money. A common misconception is that a master's degree will guarantee a bigger salary, but reality is that increased income is not automatic. We can weigh the pros and cons until we're blue in the face, and still end up without an answer about what is the best decision for our careers.
News Flash: Money Is on Everybody's Mind
- Forbes released its 27th list of the Forbes 400 ranking the 400 richest Americans — you'll need at least $1.3 billion to join this club. Of course, Bill Gates made the list. — Forbes
- Networking in a time of need: University of Chicago's Graduate School of Business called its alumni that were Lehman employees just one day after the bank filed for bankruptcy.
Introducing the More Female Friendly M.B.A.
The applications for business schools may be pouring in, but they're not necessarily from candidates the schools want to create a more balanced student body. While almost half the students in law and medical schools are female, women make up only 30 percent of students enrolled in business schools.
Some schools have begun offering part-time, morning M.B.A programs they hope will appeal to women.
How to Calculate the Cost of Going Back to School
Many of you are enthusiastic or on the fence about going back to school sometime soon, and Sallie Mae recently launched a free online tool to help estimate the cost of your decision. Their Education Investment Planner was developed to help students better assess their choices when selecting a school and understand the true cost of education.
According to Sallie Mae's press release, the Education Investment Planner is equipped with the following capabilities.
Raise Your Hand If Grad School Is Looking More Appealing
Per usual in a weak economy that's spurned hundreds of thousands of layoffs, business school admissions have seen the number of applicants jump visibly. Some workers strategize it's the best option for boosting their resumes and setting themselves up for a better job offer once the market picks up again.
It's not the safest of havens as many rely on student loans to pay tuition and there aren't any promises that opportunity will be knocking on the other side of their degrees.
Other Search Results
Would You Take a Stanford Class on iTunes?
Maybe you're wondering if it's even possible to take a class on iTunes. It is now — and not just from Stanford, but from Yale, Wharton, Berkeley, and more. In a relatively new move, prestigious colleges and universities are making lectures, classes, and even written materials available online.
Your Two Cents: Are Women Better Managers Than Men?
In a recent interview with the New York Times, Carol Smith, who is senior vice president and chief brand officer for the Elle Group, said women are "hands down" better managers than men. She even went so far as to add "There’s no contest."
In my experience, female bosses tend to be better managers, better advisers, mentors, rational thinkers.
News Flash: 1 Million Homes in Foreclosure Is a Record
The number of homes facing foreclosure in the US continues to climb and is currently over the 1 million mark, which is significant because it's the highest rate ever recorded. One million homes comes out to about 2.5 percent of the loans serviced by members of the Mortgage Bankers Association. Other cheery figures from the MBA's first quarter report: 3 million home loans (6.4 percent) have missed at least one payment, while 737,000 are at least three months past due but not in foreclosure just yet.
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