Flexible Scheduling

Online MBA programs eliminate the time required for commuting to campus and allow much greater flexibility in scheduling than traditional, campus-centered graduate education. Asynchronous coursework can be completed at the student’s leisure, and advanced learning technology makes it easy to collaborate on projects with classmates around the world. Even those aspects of the program that do take place on a fixed schedule, like weekly virtual class sessions, can be completed from the comfort of the home or office. While the coursework is rigorous, these programs are designed to remove all unnecessary impediments between students and a high quality business education.

Synchronous and Asynchronous Technology

The best online MBA programs use a blend of synchronous and asynchronous learning technology to recreate the personal feel of a traditional MBA program while affording students maximum flexibility in how they complete about their coursework. Synchronous technology, such as video-conferencing for virtual classrooms, allows groups of students and faculty to interact in real time. Asynchronous technology, such as a specialized social network, message boards and email, allow students to respond to each other on a longer timeline, which is particularly important for working parents or students in different timezones. This mixture of balanced educational technology provides many of the benefits of face-to-face interaction, while offering the flexibility and accessibility that only online education can provide.

Work From Home

For parents who work from home, or those who would like to, an online MBA program provides a unique advantage. In many ways, business professionals must make their own schedules, meet with challenging deadlines, and communicate with distant clients and colleagues. These skills will be exercised and strengthened by an online education, while students learn the concepts and practices that will help them sharpen their business skills, expand their networks and advance their careers.

Acquiring a graduate level business education is a challenging and exciting process for anyone, but online MBA programs are particularly well suited to the lifestyles of working parents, who would miss out on priceless family moments by spending nights or weekends commuting to a campus. After all, bettering yourself and your career should not need to come at the cost of family. And online MBA programs will give you the most flexibility in how you choose to balance the demands and rewards of your personal, professional and educational commitments.

Global Classrooms

This new generation of online MBA programs is making world-class business education available to students located anywhere around the globe for the first time. Built around the same social networking and video-conferencing technologies that most students are already accustomed to, and that future business professionals will need leverage, these programs create real-time discussion-based classes online. By populating cohorts with working professionals of the same caliber as their on-campus MBA counterparts but extending access to those interested on every continent, the business schools behind these new online MBA programs have created a truly diverse and international student body in a way that has never before existed.

Asynchronous Technology

In addition to the virtual classrooms described above, online MBA programs use specially developed asynchronous learning technology to facilitate student communication and collaboration across time-zones. While studying alongside students from distant countries is beneficial, trying to schedule conference calls around their work and sleep schedules can be frustrating. By using familiar technologies, like email, message boards, lecture videos and even specially developed social networking platforms, online MBAs allow each student to work on their own schedule. And considering that multinational corporations spanning the globe are fast becoming the standard for successful large-scale businesses, these technologies and techniques necessary to harness their use will need to be familiar to the business leaders of the future.

Immersion Events

Successful business leaders understand that business must fundamentally occur on a personal level, face-to-face between human beings — not computer screens. That’s why online MBA programs such as UNC’s MBA@UNC program offers students the opportunity to attend immersion events, occasions where classes come together for experiential learning, leadership-building exercises and networking events. These events give students the opportunity to form lasting bonds with classmates and faculty while learning and networking in person — skills and experiences that many consider the most valuable aspects of a traditional MBA program.

Alumni Network

In addition to having frequent online contact with classmates and opportunities for immersion events, the best online MBA programs offer their students a legitimate connection to their alumni networks. These invaluable professional networks enable MBA graduates to reach colleagues, mentors and potential friends around the world. Such a network is an invaluable resource, particularly for professionals whose businesses are or aim to be global in reach.

Virtual Teams

Even before online MBA programs used emerging technology to bring graduate business education to pupils all over the world, businesses had begun using similar technology to enable teams of workers around the world to collaborate online. The advances in technology that allowed this leap forward in education are actually just part of a wider change transforming commerce. Awhitepaper recently released by UNC’s Kenan-Flagler Business School argues that virtual teams have become a pervasive phenomenon in recent years, and students who earn MBAs online will graduate with the highly developed digital communication skills which will be required in leading the businesses of the future.

Sources: http://howtomba.com/how-to-find-your-mba/mba-programs/online-mba

Need expert advice on a 30, 60, or 90 day study plan for the GMAT to help get you to one of these sunny destinations? Ask one of Grockit’s expert tutors!

1. UCLA – The Anderson School of Management is located in Westwood, just a short drive from Malibu, some of the world’s most beautiful beaches. This school is just north of Santa Monica and the famous Santa Monica pier. Learn how to surf while earning your MBA in sunny California.

2. AGSM in Sydney – Ready to take your surfing skills to an entirely new level? Located in Sydney, Australia, the Australian Graduate School of Management is #1 in Australia has received both AACSB and EQUIS accreditation. You can earn a degree in a foreign country without having to learn a new language and avoiding culture shock.

3. University of Miami – Not quite ready to leave the US? On the East Coast, Miami is a beach lover’s paradise, and the University of Miami’s MBA program faculty is rated by The Financial Times as among the top 35 business school faculties in the U.S. and among the top 40 faculties in the world.

4. IAE – Aix-en-Provence – One school located just a stone’s throw from the Mediterranean is IAE Aix-en-Provence – Graduate School of Management, which is a one-hour drive from Cassis, one of the most beautiful towns with sandy beaches on the French Riviera. Founded in 1955, IAE Aix-en-Provence has been awarded EQUIS and AMBA accreditations.

5. USC – Marshall School of Business – Although not quite as close to the beach as UCLA, USC’s program still boasts an impressive reputation, and many students apply to both programs, especially if they are looking into a West Coast business career. Twenty minutes from Santa Monica and Marina Del Rey, and less than two hours from San Diego, there’s plenty nearby to whet the beach-lovers appetite!

Need a little more work on your GMAT score before you can hit the waves? Take a quick look at your customized Study Plan on Grockit. Grockit will tell you what your current strengths and weaknesses are and suggest Targeted Practice to get your GMAT score 700+!

PROS

1 Name Value. There’s no denying that larger schools tend to have more name recognition. This doesn’t guarantee job security, but if you’re planning to work in New York or Washington DC, a world-famous program such as Oxford, Stanford, Wharton, etc. can be a big plus.

2. Traditional MBA Industries. If you’re looking to study traditional business sectors (i.e. finance/consulting) then a bigger school with more prestige could help you stand out in your field.

3. More alumni. Bigger schools mean more alumni working around the world, which could potentially lead to job opportunities later on. Want to meet other MBA applicants? Grockit’s GMAT group games allow students to study together – connect with MBA applicants from all over the world!

CONS

1. Less individual attention. If you’re the type of person who thrives with a bit more attention, the cutthroat world of a larger business program may not be beneficial for you. Smaller schools typically have greater access to the faculty and you’ll likely develop a closer relationship with your advisors.

2. The Cost. The “bigger” schools (both in size and prestige) tend to be more expensive. Many students opt for a “B+” level school and get a great education for a reduced fee. Remember that expensive is not always better.

3. Tough Entry Requirements. Schools that appear regularly on the “ten best” or “world’s best” lists published annually by magazines such as BusinessWeek or U.S. News and World Report are incredibly competitive to get into. If you have a limited amount of time to devote to application and GMAT study, you may want to look at a few less-competitive options. Is spending another six months getting your GMAT score 80 points higher worth it for you?

GMAT score not quite where it should be? Set up a 1-hour session with a Grockit tutor via Skype. Tutoring lessons are only $50/hr and involve one-on-one analysis of your study plan, pacing guidelines, and a discussion of effective strategies to quickly improve YOUR GMAT score!

Do your research. Who is coming? What specific questions do you have about their school? Check out the school’s website thoroughly before you arrive at the fair. You may have to be patient, as the most popular programs will likely have busier booths. Wait around for a good moment to introduce yourself, hand out your business card and collect theirs. Follow-up with your contacts two or three days later.

While you’re prepping for the MBA Admissions process, don’t forget to start your GMAT studying! Find out how you can customize your study plan with a Grockit tutor and rock the GMAT!

Dress professionally. You’re there to make a contact, so present yourself as if you were at a job interview. You may want to bring copies of your resume and other relevant information although it’s not necessary. Coming straight from the gym is not recommended. Conduct yourself as professionally as possible.

The two biggest MBA fairs are http://www.topmba.com/qs-world-mba-tour and http://www.thembatour.com/. Both sites have a plethora of MBA-related research materials.

Bring a notebook and a bag. Jot down your impressions after meeting each person, so you can keep track of what you learned. Take any brochures that look even remotely interesting to you. You can always trash them later.

Leave time for seminars and browsing. Some college fairs offer free seminars or info sessions on topics such as admissions counseling, financial aid, or alumni. Make sure to give yourself enough time to wander and explore other booths. You may stumble across some schools you never knew about!

If your brain isn’t too fried from all this talk of MBA research, try out one of Grockit’s free GMAT practice questions here!

One of the best ways to save money is to take the GMAT as few times as possible. Not sure if you’re ready? Take a peek at your customized Study Plan on Grockit. Grockit will work backwards from your GMAT Test Day to suggest Targeted Practice to get your GMAT score at the 700+ level!

1. Be social without spending your dough. Try to spend your time at networking events that don’t revolve around bars and restaurants. A couple hours spent at a local bar off-campus can easily equal a $50 tab. There will be a LOT of events, and you’ll break the bank if you try to eat every meal out, or buy round after round of drinks.

2. Buy groceries with cash. It’s a fact that people generally spend more with plastic than with cash. Before you go to the grocery store, make a list of the items you’ll need. Give yourself $5 extra for something fun, then leave the credit cards at home. If you get to the register and find you’ve gone over, you’ll just have to put some items back.

3. Avoid bank fees. Make sure your bank isn’t charging you a checking account fee every month. Why should you be paying a bank more than $100 a year for the privilege of holding your money? Shop around. A local credit union, or a bank connected to your school, may offer you a better deal.

4. Set up direct deposit. You can choose to put a fixed amount of your income into a savings or an investment account. Even if money is tight and you’re only working part-time, or living off loans, you can still put away $20 a month.

5. Pack a lunch! Become a serial snacker. When you leave in the morning, you probably will have a full day of work, classes, meetings, and study sessions. Avoid the fast food and expensive take-out places on campus. Keep healthy snacks in your bag all the time – sandwich baggies of apples, clementines, granola bars, almonds, etc. You’ll save a lot of money and won’t feel your energy drop as much in between meals!

Need some MBA admissions or GMAT advice? Ask one of Grockit’s expert instructors or leave a comment below!

Need some more specific advice, or a quick admissions counseling session? Ask one of Grockit’s expert instructors or leave a comment below!

1. What is your dream job? Be honest with yourself. What field do you see yourself in, and what program is specifically tailored to get you there? This may mean a lesser known school will actually benefit you more long-term if it has a specialized program you can’t get anywhere else. If general management is your thing, it won’t matter as much, but the business world is increasingly diversifying, and you should take some time to consider your role in it.

2. Where do you want to work post-MBA? They say the most important words in real estate are “location, location, location” and it can be true for business schools as well. If you know you want to live in a specific geographical area, such as New York, or in Europe, it makes sense to take a good look at schools that are location in the region,  and have strong ties to businesses there. You’ll be hoping for some type of help with career placement post-MBA, and your school will have the strongest ties to the companies in its own backyard. Location can also have an impact on your happiness while you pursue the degree. Would you prefer to be in a big bustling city, or a smaller close-knit community? Every campus has its own “vibe” and you should make it a point to visit the schools that interest you the most. Make sure to take a campus tour and sit in on classes to get a feel for the teaching style.

3. What’s the ROI? Your degree is an investment. You’ll be putting thousands of dollars and hours into earning your degree, so make sure it’s worth it. School tuition rates can vary quite a bit. Is it going to be worth it to you? Do your research on the alumni from each program. Find out where they are working 2, 5, and 10 years out from their degree. Is that a trajectory you want as well?

Need a little more help getting that GMAT score up in the 700’s? Take a quick look at your customized Study Plan on Grockit. Grockit will tell you what to practice to get your GMAT score where you need it to be!

1. Look to undergrad first. Contact your old undergrad counselor and see if they are willing to write you a recommendation, or get back in touch with your old professors. Anyone whose class you particularly enjoyed or struggled with?

2. Don’t feel badly about asking. If you succeed in graduate school, your old teachers, employers, and friends will be thrilled that they were able to help you along the way. Everyone needs recs, so don’t ever feel guilty about asking.

3. Give your recommenders some tips. Don’t write their letter for them, but do give your recommenders your personal statement, recent resumes/transcripts, and describe for them your “story.” They should know how you want the admissions committee to perceive you, so they can gear their letter towards your strengths. 

4. Explain why them. Make your recommender feel special by explaining why you want them to write your letter more than anyone else. Are they in a unique position to provide insight to the committee on a specific aspect of your personality? Did they witness a growth in your character or a change in your ambitions?

5. Find alumni. You may not realize that a family friend or distant relative has already attended one of your dream business schools. Alumni connections can definitely play a part in the admissions process. Even if they aren’t the best person to write you a recommendation, perhaps they could give you an email or a phone number of someone in the admissions department, or better yet, write an email or call on your behalf.

6. Be clear on deadlines! The worst scenario is that you ask your recommender, they agree, and then never write the letter. Give them a clear “due date” and check in with them a week beforehand. Be polite, but firm. There’s nothing wrong with calling to ask if there’s anything else they need, or to keep them updated on your application process.

7. Gather all the necessary materials early. Have lots of extra transcripts, resumes, and essays ready to go as it’s possible your recommenders may lose or misplace the information you’ve given them. You’ll be busy completing your applications and studying for the GMAT while they are focused on the rec, so it’s better to be more prepared than you think you’ll need to – this application process always involves more paperwork than anticipated!

8. Meaningful supersedes famous. Don’t feel like you need to get the most illustrious person you know to write you a letter of recommendation. A letter from Donald Trump is worthless if Donald Trump doesn’t really know you. Who knows your passion and energy best?

9. Send thank-you cards. This should be the bare minimum – a small gift like a Starbucks gift card can be nice as well. Make sure your recommender feels appreciated from start to finish. Don’t bribe them, but do let them know how much you appreciate their time.

10. Include a stamped, addressed envelope with your request. Some recommenders prefer not to let you read their letter and would like to mail it themselves. Give them the option by including envelopes that are stamped and already correctly addressed. This will ensure your letter goes to the right address. This is just one more way to make the process as simple as possible for your letter-writer. Remember, they are doing you a favor!

Check out Grockit’s GMAT and MBA admissions course with Admin expert, Stacy Blackman!

GMAT score not quite where it should be? Set up a 1-hour “triage” session with a Grockit tutor via Skype. Tutoring lessons are only $50/hr and involve one-on-one analysis of your study plan, pacing guidelines, and suggested effective strategies for all aspects of the GMAT.

1. Check your Facebook settings. Do you know what information is private, and what is readily available to even non-Facebook users? Drunk pictures of yourself in Cabo San Lucas last spring break? A video of you doing your best Lady Gaga or Katy Perry karaoke? Perhaps that is not the best way to present yourself to an application committee. Make sure that you choose the most stringent privacy settings on Facebook, at least until your application process is complete.

2. Google yourself. It’s awkward, it’s painful, but everyone does it eventually. Hit the keyboard and start digging – jus what is out there on you? Your great aunt Edna may have posted photos without you even knowing on Flickr or Twitter which have become cached and are now readily searchable. Don’t be afraid to contact your family/friends and ask them to remove embarrassing info, at least temporarily.

3. Put more positive information out there. If you want the admissions committee to perceive you in a certain light, then express yourself authentically in that way! Volunteer for an organization? Start a blog about it. Fascinated by a certain business trend? Start commenting about it on Twitter. Put up professional photos of yourself on Facebook/Twitter, and slowly your online presence will match what is on your grad school application.

Still need a little work getting your GMAT score in fighting shape before Test Day? Take a look at your customized Study Plan on Grockit. Grockit will tell you what your current strengths and weaknesses are and suggest Targeted Practice to get your GMAT score as high as possible!

 Want to get started expanding your business network? Grockit’s GMAT group games allow students to study together – connect with MBA applicants from all over the world and follow each other’s progress as you take the GMAT and apply for business school!

1. Keep it short and sweet. Don’t yammer on – 3-4 sentences are always fine. The people you need to stay in contact with are busy. Just let them know you appreciate their time, and you’d like to keep them posted on your MBA progress and your entry into the business world.

2. Make it personal. Buy stationary and cards that reflect your personality. It doesn’t have to be the fanciest embossed letter-head. A casual, colorful card is fine. “Hello Kitty” might be a little too informal, but calligraphy on paper that looks like polished china isn’t necessary either. Strike a balance, but have fun with your choice!

3. Use them judiciously. There’s etiquette to snail mail. Just as you wouldn’t post on someone’s Facebook wall four times a day, so you shouldn’t send thank-you letters out randomly. Only send a thank-you letter when you legitimately have something to say – after an initial meeting or interview, thanking someone for a referral, a class, a workshop, etc. If you want to make a connection with a faculty member, a fellow student, or a business contact it’s better to send an email or make a telephone call initially, then follow-up with a hand-written note. For periodic updates, once every six weeks is fine, but more often than that and you risk becoming a nuisance.

Not sure where to focus your MBA admissions plan next? Take a quick look at your customized Study Plan on Grockit. Grockit will tell you what your current strengths and weaknesses are and suggest Targeted Practice to get your GMAT score where you need it to be!