STEM MBA programs are not considered niche but rather a growing trend in the business education landscape. While traditional MBA programs have been the standard for many years, the increasing demand for professionals with strong quantitative, analytical, and technical skills has led to the development and popularity of STEM MBA programs.

STEM MBA programs have gained traction in response to the evolving needs of industries that value data-driven decision-making, technology integration, and innovation. These programs aim to bridge the gap between business and technology, equipping graduates with a combination of business acumen and technical expertise.

While STEM MBA programs were not as prevalent as traditional MBA programs at the time, many well-established and reputable business schools in the United States and around the world offered STEM MBA options or specialized concentrations in areas like business analytics, technology management, and data science.

It's important to note that the popularity and prevalence of STEM MBA programs may have continued to evolve since my last update. The business education landscape is constantly changing, and the demand for specialized skills may influence the growth and prevalence of different types of MBA programs.

To get the most up-to-date information on the status of STEM MBA programs and their popularity, it's best to research specific business schools, universities, and MBA programs that you are interested in and consult with their admissions offices or academic advisors.

What's the 'hustle' of STEM MBA?

The "hustle" of a STEM MBA refers to the challenges, efforts, and hard work involved in pursuing and completing a STEM-designated Master of Business Administration (MBA) program. While a STEM MBA offers unique benefits, it also comes with its own set of demands and requirements. Here are some aspects that may be considered the "hustle" of a STEM MBA:

1. Rigorous Curriculum: STEM MBA programs typically have a demanding curriculum that combines business and technical coursework. Students are expected to excel in quantitative and analytical subjects while also gaining proficiency in traditional MBA topics.
2. Quantitative Skills Development: For individuals without a strong background in STEM disciplines, acquiring and honing quantitative skills can be challenging. The program may require intense study and practice in areas like data analysis, statistics, and programming.
3. Time Commitment: STEM MBA programs are usually two-year, full-time programs. The workload can be heavy, and students often need to balance coursework, projects, assignments, and networking activities.
4. Career Switch Challenges: Some students pursue a STEM MBA to make a career switch into a technology-focused role. This transition may require additional effort to bridge the gap between their previous experience and the new career path.
5. Teamwork and Collaboration: STEM MBA programs often involve team-based projects and collaboration. Students may need to work with colleagues from diverse backgrounds, which can be both rewarding and challenging.
6. Competitive Environment: STEM MBA programs attract ambitious and talented students from various academic and professional backgrounds. The competition can be intense, pushing students to strive for excellence.
7. Industry Relevance: As technology and business practices evolve rapidly, STEM MBA programs need to stay updated to remain relevant. Students may need to adapt to the latest trends and emerging technologies.
8. Financial Investment: Pursuing an MBA, especially at top-tier institutions, can be expensive. Students must consider the financial commitment and potential return on investment.
9. Balancing Work and Study: Many students in STEM MBA programs have some work experience and may continue to work part-time or engage in internships while pursuing their degree. Balancing work and study can be demanding.

Despite the hustle, a STEM MBA can be highly rewarding for those with a passion for technology and a desire to lead at the intersection of business and innovation. The program equips graduates with a unique skill set that can open doors to exciting career opportunities in various industries. However, it's crucial to carefully weigh the challenges and benefits to ensure that pursuing a STEM MBA aligns with your career goals and aspirations.

Can I get a data scientist job after AI MBA?

It certainly is possible to get a data scientist job after completing an AI-focused MBA program. While traditional MBA programs may not provide as much specialization in technical fields like AI and data science, AI MBA programs are designed to equip graduates with both business acumen and expertise in artificial intelligence and related technologies. This unique combination of skills can make you an attractive candidate for data scientist positions that require a blend of business understanding and technical proficiency.

According to Keith Lee from Swiss Institute of Artificial Intelligence, a professor of AI to MBA AI/BigData, those students with technical track had much easier time to land on decent positions in a number of multinational companies. Most students in the tech track already have good exposure to scientific studies such as math, stat, engineering, economics, and other related disciplines, but more than that, during MBA, they have delved into a variety of data scientific case studies, be it provided by the school or not, which helped them to build more shining portfolios.

However, there are a few important considerations to keep in mind:

1. Technical Proficiency: While an AI MBA program will provide you with foundational knowledge of AI and data science, data scientist roles typically require a strong technical skill set. It's important to supplement your MBA education with additional technical coursework or projects to build hands-on expertise in programming, data analysis, machine learning, and other relevant areas.
2. Relevant Experience: Data scientist roles often require candidates to have practical experience in data analysis, modeling, and machine learning. Look for opportunities to gain experience through internships, projects, or working on real-world data science challenges during your AI MBA program.
3. Networking and Industry Connections: Networking with professionals in the data science and AI fields can be beneficial. Participate in industry events, conferences, and workshops to build connections and stay updated on industry trends.
4. Showcasing Your Skills: When applying for data scientist positions, highlight the relevant coursework, projects, and experiences from your AI MBA program that demonstrate your technical and analytical abilities.
5. Continued Learning: Technology is constantly evolving, and data science is no exception. Stay curious and continue to learn and improve your skills even after completing your AI MBA program.

Remember that the job market can be competitive, and landing a data scientist position may require perseverance and dedication. Building a strong portfolio of technical projects and demonstrating your passion for data science can greatly enhance your chances of securing a data scientist job after completing an AI-focused MBA program.

STEM MBA programs are gaining popularity among applicants. The increased demand for professionals with strong quantitative, analytical, and technical skills, coupled with the benefits of extended work opportunities for international students, contributed to the growing interest in STEM-designated MBA programs.

Several factors contributed to the rising popularity of STEM MBA programs:

1. Career Opportunities: With the increasing emphasis on data-driven decision-making and technology in various industries, many MBA applicants saw STEM MBA programs as a pathway to more lucrative and in-demand career opportunities.
2. International Student Appeal: The extended OPT period offered by STEM-designated programs was particularly attractive to international students, as it provided them with additional time to gain valuable work experience in the US after graduation.
3. Tech and Data Industry Growth: The booming technology and data sectors prompted more individuals to seek MBA programs that would equip them with the skills needed to succeed in these fields.
4. Adaptation to Industry Needs: Business schools recognized the changing landscape of business and adapted their programs to cater to the demand for professionals with both business acumen and technical expertise.

However, it's important to note that the popularity of STEM MBA programs may vary over time and could depend on changes in industry trends, job market dynamics, and shifts in immigration policies affecting international students.

As with any educational program, it's essential for applicants to consider their individual career goals, interests, and strengths when deciding whether a STEM MBA is the right choice for them. While STEM MBAs offer distinct advantages, they may not be the ideal fit for everyone, and traditional MBA programs continue to be popular choices among applicants pursuing various career paths in the business world.

Is STEM MBA difficult to graduate?

The difficulty of a STEM MBA compared to a STEM master's degree can vary based on several factors, including the specific program, the individual's background and experience, and the individual's personal learning preferences. Here are some general points to consider:

1. Preparation and Prerequisites: STEM master's programs typically require a strong background in the relevant STEM field. Students entering these programs are expected to have a solid foundation in the subject matter. On the other hand, STEM MBA programs often accept students from diverse academic and professional backgrounds, so applicants may come in with varying levels of preparation in business and technology.
2. Curriculum Focus: STEM master's programs are specialized and deeply focused on a specific STEM discipline, such as computer science, data science, engineering, etc. The coursework is highly technical and dives deep into the subject matter. STEM MBA programs, while incorporating technical aspects, also cover a broader range of business topics like finance, marketing, strategy, and leadership.
3. Analytical vs. Strategic Thinking: STEM master's programs emphasize analytical and problem-solving skills specific to the STEM field. STEM MBA programs focus on developing strategic thinking and leadership skills within the context of business challenges.
4. Quantitative vs. Qualitative Skills: STEM master's degrees typically prioritize quantitative skills, data analysis, and research methodologies specific to the field. STEM MBA programs also include quantitative elements, but they place more emphasis on qualitative skills, communication, and managerial abilities.
5. Work Experience: Many STEM MBA programs prefer applicants with prior work experience, which can be valuable in understanding real-world business scenarios. STEM master's programs, especially those at the entry level, may accept students directly from undergraduate studies.
6. Time and Length: STEM master's degrees are often shorter in duration (e.g., 1-2 years) compared to traditional MBA programs. STEM MBA programs generally take 2 years to complete, similar to regular MBA programs.

In summary, the difficulty of a STEM MBA compared to a STEM master's degree is subjective and depends on an individual's academic and professional background, as well as their interests and career goals. STEM master's programs delve deep into technical subjects, while STEM MBA programs provide a more well-rounded education with a mix of business and technology-related coursework. Students interested in pursuing either type of program should carefully assess their own strengths, preferences, and long-term career aspirations to determine which path aligns better with their goals.

Is STEM MBA worth the money?

Whether a STEM MBA is worth the money depends on various factors, including your career goals, the program's quality and reputation, the return on investment (ROI) you can expect, and your individual financial situation. Here are some considerations to help you make an informed decision:

1. Career Goals: Assess how a STEM MBA aligns with your career aspirations. If you aim to work in industries that highly value data analytics, technology, or quantitative skills, a STEM MBA can provide a competitive advantage and open up more job opportunities.

2. Increased Earning Potential: Research the potential increase in salary or earning potential that graduates of the specific STEM MBA program you are considering typically experience. A higher starting salary or better career growth prospects could justify the investment.

3. Extended Work Opportunities for International Students: If you are an international student, the extended Optional Practical Training (OPT) period provided by STEM MBA programs may allow you to gain valuable work experience in the US, which could enhance your future career prospects.

4. Program Quality and Reputation: Evaluate the reputation of the STEM MBA program and its faculty. High-quality programs with strong industry connections and a track record of successful alumni can add significant value to your education.

5. Networking Opportunities: Consider the networking opportunities the program offers. Building a strong professional network can be invaluable in advancing your career.

6. Scholarships and Financial Aid: Look for scholarships, assistantships, or other forms of financial aid that may help offset the cost of the program.

7. ROI Analysis: Conduct a cost-benefit analysis to determine if the potential long-term benefits, such as increased earning potential and career advancement, outweigh the tuition and other expenses associated with the STEM MBA.

8. Alternative Education Paths: Consider if there are alternative, more cost-effective ways to acquire the skills and knowledge you seek, such as online courses, certifications, or specialized workshops.

9. Personal Financial Situation: Take an honest look at your current financial situation and assess whether you can comfortably afford the program without taking on excessive debt.

In conclusion, a STEM MBA can be worth the money for individuals who have clear career goals that align with the program's focus, and who expect a substantial return on their investment. However, it's crucial to thoroughly research and weigh the potential benefits against the costs before making a decision. Additionally, consider other options if you find that the benefits of a STEM MBA are not commensurate with the financial investment required.

Until year 2021, there were no widely known or standardized dual degree MBA programs specifically designed for AI (Artificial Intelligence) and Data Science.

However, as the demand for AI and Data Science skills continues to grow across industries, many business schools have recognized the importance of integrating these topics into their MBA programs. While not all MBA programs offer specialized tracks or concentrations solely focused on AI and Data Science, several options can help you gain knowledge and expertise in these areas:

1. Elective Courses: Many MBA programs offer elective courses in AI, machine learning, and data analytics. These courses provide an opportunity to delve into specific topics related to AI and Data Science while pursuing a broader business education.
2. Specializations or Concentrations: Some MBA programs have introduced specializations or concentrations in areas like Business Analytics, Data Science, or Technology Management. These concentrations often include courses that cover AI, data analysis, and related topics.
3. Dual Degree Programs: While not specifically designed for AI and Data Science, some MBA programs may offer dual degree options that allow you to combine your MBA with a Master's degree in Computer Science, Data Science, or a related field. This can provide a more comprehensive education in both business and technology.
4. Experiential Learning Opportunities: Look for MBA programs that offer experiential learning opportunities, such as consulting projects, internships, or capstone projects, in collaboration with companies working on AI and Data Science projects. This hands-on experience can be invaluable for gaining practical skills.
5. Student-Led Initiatives: Some MBA students may create clubs or initiatives focused on AI and Data Science. Joining such groups can provide access to workshops, guest speakers, and networking opportunities with professionals in the field.
6. Industry Partnerships and Research Centers: Business schools with strong ties to tech companies or research centers may offer workshops, seminars, or research opportunities related to AI and Data Science.
7. Online Courses and Certifications: Even if your MBA program doesn't offer extensive AI and Data Science coursework, you can complement your studies with online courses and certifications from platforms like Coursera, Udacity, edX, or LinkedIn Learning.
8. Hackathons and Competitions: Participating in AI and Data Science competitions or hackathons can sharpen your skills and provide exposure to real-world problem-solving in these areas.

When exploring MBA programs, consider the curriculum, faculty expertise, and the extent to which AI and Data Science topics are integrated. Look for programs that offer a good balance between general business education and opportunities to learn and apply AI and Data Science concepts in practical settings.

STEM MBA programs in general

If above options are not enough, one can go for STEM MBA programs. STEM stands for Science, Technology, Engineering, and Mathematics, and STEM-designated MBA programs are designed to integrate a stronger focus on quantitative and analytical skills, technology, and data-driven decision-making. These programs aim to prepare students to succeed in business roles that require a deep understanding of technology and data analysis.

The designation of a program as STEM allows international students on student visas to extend their Optional Practical Training (OPT) period, providing them with additional time to work in the United States after completing their degrees.

STEM MBA programs typically offer coursework that includes advanced topics in data analytics, business intelligence, technology management, machine learning, and other related subjects. The goal is to equip students with the knowledge and skills needed to thrive in data-centric and technology-driven business environments.

STEM MBA programs can be found at various business schools and universities across the United States. When researching MBA programs, you can look for specific schools that offer STEM designations or concentrations within their MBA curriculum. Some programs may offer a full STEM MBA designation, while others may have STEM-focused concentrations or tracks within their general MBA program.

Keep in mind that program offerings and designations may change over time, so it's essential to verify the latest information from the schools you are interested in and check if they offer STEM MBA programs or STEM-related concentrations.

What's the advantage and disadvantage of STEM MBA?

Then, what's the cost and benefit of STEM MBA?

Advantages of STEM MBA:

1. Enhanced Job Opportunities: STEM MBA graduates have a competitive edge in the job market. Many industries, including technology, finance, healthcare, and consulting, highly value professionals with both business acumen and strong quantitative and analytical skills.
2. Extended Work Opportunities for International Students: International students studying in a STEM-designated MBA program may be eligible for an extended period of Optional Practical Training (OPT) in the US, allowing them to gain valuable work experience in the country after graduation.
3. Alignment with Industry Trends: As industries become more data-driven and technology-focused, employers seek professionals who can bridge the gap between business strategy and technical expertise. A STEM MBA equips graduates to thrive in such environments.
4. Diverse Skill Set: STEM MBA programs offer a well-rounded education that combines traditional business knowledge with advanced quantitative and analytical skills. Graduates can approach problem-solving from multiple perspectives, making them versatile assets to employers.
5. Innovation and Entrepreneurship: STEM MBA graduates are well-positioned to lead innovation and launch entrepreneurial ventures in tech-driven sectors. Their ability to leverage data and technology can lead to more successful and disruptive business ideas.

Disadvantages of STEM MBA:

1. Intense and Demanding Curriculum: STEM MBA programs may have more rigorous and challenging coursework due to the emphasis on quantitative skills and technical knowledge. This can be demanding, especially for students without a strong background in STEM disciplines.
2. Limited Focus on Soft Skills: While STEM MBAs excel in quantitative and analytical skills, the emphasis on technical aspects may result in less emphasis on soft skills like communication, leadership, and teamwork. These skills are also crucial for effective management and leadership roles.
3. Narrower Career Scope for Some Industries: Although STEM MBA graduates are highly sought after in certain industries, the focus on technical skills may limit opportunities in sectors where a more traditional MBA education is preferred.
4. Higher Tuition Costs: Some STEM MBA programs might have higher tuition costs due to their specialized nature and the advanced skills they offer. Students should consider the return on investment when choosing a program.
5. Limited Availability of Programs: While the number of STEM MBA programs is increasing, they are not as widespread as traditional MBA programs. Students might have fewer options depending on their location and desired specialization.

In summary, the advantages of a STEM MBA include enhanced job opportunities, extended work options for international students, alignment with industry trends, a diverse skill set, and potential for innovation. On the other hand, the disadvantages include a demanding curriculum, potentially limited focus on soft skills, narrower career scope in certain industries, higher tuition costs, and limited availability of programs. It's essential for students to weigh these factors and consider their individual career goals before choosing a STEM MBA program.

Students have the option to integrate an MBA with a degree in a different complementary field, like engineering, law, or medicine.

Traditionally, an MBA has been the preferred qualification for ambitious individuals seeking a solid grounding in fundamental areas like finance, marketing, strategy, and leadership. However, with the increasing interdisciplinarity of industries, there is a growing demand for professionals with specialized expertise. To address this need, dual-degree MBA programs have emerged, allowing students to combine their MBA with another complementary discipline, such as engineering, law, or medicine.

By enrolling in these programs, students not only develop a diverse skill set but also gain the ability to integrate various perspectives, think critically across different fields, and tackle complex challenges.

Students are increasingly creating one's own degree

A variety of business schools worldwide now offer dual MBA programs, and Michigan Ross, for example, provides 22 formal dual degree options while also allowing students to create their own. Popular dual-degree programs at Ross include medicine, public policy, environmental sustainability, and law.

The benefit of being part of a large, public university like Ross is the opportunity for students to tailor their educational experience according to their interests and career goals. Pursuing a dual degree empowers students to specialize in two areas while reducing the number of individual courses required for each.

Academic advisors from Ross and partner schools provide support and resources to ensure that students meet the requirements of their dual degree program without feeling overwhelmed. Additionally, students can rely on each other for advice and best practices, and some programs even have dedicated student clubs to support the dual degree experience.

Maximizing potential in one's chosen field

Harvard Business School also offers several dual-degree MBA programs in collaboration with other Harvard schools, such as the Master of Science in Biotechnology/MBA and Juris Doctorate (JD)/MBA. These joint-degree programs enable students to collaborate with other schools, equipping them with the skills and knowledge needed to make a significant impact in their chosen field.

Similarly, the McDonough School of Business in Washington D.C. offers the MBA/Master of Public Policy and MBA/Master of Science in Foreign Service, responding to student demand and recognizing the value of overlapping skills in specific niche industries.

The Oxford 1+1 MBA program in the UK allows candidates to combine a master's degree from selected University of Oxford departments with the one-year MBA at Saïd Business School. This offers over 30-degree combinations, partnering with departments from different areas, providing students with unique expertise.

Notably, some of these dual-degree programs come with full tuition scholarships, like the Oxford-Pershing Square Graduate Scholarships, which support exceptional students dedicated to finding sustainable solutions to global challenges in society. These scholarships also offer additional benefits beyond financial aid, such as attending prestigious conferences and access to mentorship opportunities.

Growing demand for niche studies

In Washington D.C, the McDonough School of Business at Georgetown University provides several dual-degree options, including the MBA/Master of Public Policy and MBA/Master of Science in Foreign Service. Instead of taking more classes simultaneously, students extend their time in school over the years to complete these programs.

The creation of these dual-degree programs was driven by student demand and the McDonough School's recognition of certain niche industries that benefit from a combination of skills from two different areas.

According to Shelly Heinrich, associate dean of MBA admissions at the McDonough School, an MBA equips students with essential business skills, but when combined with other disciplines, it allows them to specialize in areas like managing law as a business or approaching public policy from a business perspective. Heinrich emphasizes that MBA skills are versatile and applicable across all industries.

Choosing to pursue these degrees separately would take more time and incur higher costs. However, opting for a dual degree allows students to overlap elective courses, providing them with more value for their investment. Moreover, they can take advantage of the career centers at both schools simultaneously, maximizing their chances of success.

In the UK, the Oxford 1+1 MBA program offers candidates the chance to integrate a master's degree from selected University of Oxford departments with the one-year MBA program at Saïd Business School. Amy Major, associate director of MBA program delivery at Saïd Business School, highlights that they offer over 30-degree combinations, collaborating with departments such as the Blavatnik School of Government, the School of Geography and the Environment, and the Nuffield Department of Clinical Medicine.

In Swiss, there is a new AI-focused college, Swiss Institute of Artificial Intelligence, offers an MBA program specifically designed to combine knowledge in mathematics, statistics, and some computer programming to business application. The MBA program, MBA in AI/BigData, offers two tracks, each of which are either for technically oriented students or business story based studies. The school official told us that they plan to launch MBA in AI/Finance program for specifically working in field of finance.

Increasingly MBA schools take GRE as a substitute test of GMAT. Though GMAT has been the most widely accepted standardized score for MBA applications, given the little variations between the two tests, MBA schools now see GRE can be a suitable alternative. Then, are the really different? By how much?

GMAT vs. GRE

The GMAT (Graduate Management Admission Test) and GRE (Graduate Record Examination) are both standardized tests that are often required for admission to graduate programs, particularly in the United States. While they serve a similar purpose, there are some key differences between the two exams:

1. Purpose and Focus:
   • GMAT: The GMAT is primarily used for admission to business school programs, such as MBA (Master of Business Administration) programs. It focuses on assessing analytical writing, integrated reasoning, quantitative reasoning, and verbal reasoning skills that are relevant to business and management education.
   • GRE: The GRE is a more generalized exam used for admission to a wide range of graduate programs, including business, arts and sciences, engineering, and other fields. It evaluates analytical writing, verbal reasoning, and quantitative reasoning skills, but with a broader focus compared to the GMAT.
2. Sections and Structure:
   • GMAT: The GMAT consists of four sections: Analytical Writing Assessment (AWA), Integrated Reasoning (IR), Quantitative Reasoning (QR), and Verbal Reasoning (VR). The AWA section requires test takers to write an essay, while the other three sections are multiple-choice questions.
   • GRE: The GRE consists of three sections: Analytical Writing, Verbal Reasoning, and Quantitative Reasoning. There is also an optional fourth section, the Research section, which is unscored and used for research purposes only. The Analytical Writing section requires test takers to write two essays, and the remaining sections are a mix of multiple-choice and select-all-that-apply questions.
3. Question Types:
   • GMAT: The GMAT includes specific question types such as data sufficiency in the quantitative section and critical reasoning in the verbal section. It also has a section on integrated reasoning, which assesses the ability to analyze and synthesize information from different sources.
   • GRE: The GRE has a broader range of question types, including text completion, sentence equivalence, and reading comprehension in the verbal section, and quantitative comparison, data interpretation, and problem-solving in the quantitative section.
4. Score Scales:
   • GMAT: The GMAT score range is from 200 to 800 for the quantitative and verbal sections, with a separate score for the AWA section ranging from 0 to 6.
   • GRE: The GRE score range is from 130 to 170 for the verbal and quantitative sections, with a separate score for the Analytical Writing section ranging from 0 to 6.

It's important to note that while the GMAT is primarily associated with business schools and the GRE is more commonly used for other graduate programs, many business schools now accept both exams. It's recommended to check the specific requirements of the programs you are interested in to determine which test they accept.

Why business schools start taking GRE?

Business schools have started accepting the GRE in addition to the GMAT for several reasons:

1. Diversifying Applicant Pool: Accepting the GRE allows business schools to attract a broader range of applicants. The GRE is a more generalized test that is taken by students applying to a wide variety of graduate programs, not just business schools. By accepting the GRE, business schools can tap into a larger pool of candidates with diverse educational backgrounds and interests.
2. Adapting to Changing Trends: The GRE has gained popularity in recent years as an alternative to the GMAT. Many prospective students who are considering both business and non-business graduate programs choose to take the GRE to keep their options open. Business schools recognize this trend and want to ensure that they don't miss out on highly qualified candidates who have taken the GRE.
3. Assessing Different Skill Sets: The GMAT and GRE assess slightly different skill sets. While the GMAT is designed specifically to measure skills relevant to business and management education, the GRE evaluates broader analytical and critical thinking abilities. Business schools recognize that successful business leaders need a range of skills beyond just business knowledge, such as strong communication, problem-solving, and critical thinking abilities. By accepting the GRE, schools can evaluate applicants based on a wider skill set.
4. Rankings and Competitiveness: Business schools often strive to improve their rankings and attract the best students. Accepting the GRE allows schools to compete for top talent with other programs that accept the GRE, including non-business graduate programs. It also provides an opportunity for schools to differentiate themselves and showcase their flexibility in admissions requirements.
5. Access and Inclusivity: Accepting the GRE can help promote access and inclusivity in business education. Some prospective students may face financial constraints or have limited access to GMAT preparation resources. By accepting the GRE, business schools can create a more accessible pathway for these individuals to pursue a business education.

It's important to note that while many business schools accept the GRE, some may still have a preference for the GMAT or may have specific requirements for applicants who submit GRE scores. It's advisable to research the individual requirements of the business schools you are interested in to ensure you are well-prepared for the application process.

Is it easier to earn higher score in GRE?

It's challenging to determine whether it is easier to earn a higher score on the GRE compared to the GMAT because the difficulty level and content of the exams vary. However, I can provide some insights regarding the scoring scales and the perception of difficulty:

1. Scoring Scales: Both the GRE and GMAT use different scoring scales, which can make direct comparisons challenging. The GRE uses a score range of 130-170 for the verbal and quantitative sections, while the GMAT uses a range of 200-800 for the verbal and quantitative sections. It's worth noting that both exams use adaptive scoring algorithms, meaning the difficulty of subsequent questions is influenced by your performance on previous questions.
2. Subjective Perception: The perception of difficulty may vary from person to person. Some test-takers may find the GRE more manageable due to their strengths in verbal and analytical skills, while others may find the GMAT more approachable if they have a strong foundation in quantitative reasoning. It ultimately depends on your individual strengths and weaknesses.
3. Preparation and Familiarity: Success on either exam is highly dependent on the time and effort you invest in preparation. Familiarizing yourself with the question formats, content areas, and test-taking strategies specific to each exam can significantly improve your performance. Your preparation and level of familiarity with the exam will play a crucial role in your ability to earn a higher score.
4. Program Requirements: When deciding which exam to take, it's important to consider the specific requirements of the programs you are applying to. Some programs may have a preference for the GMAT, while others accept both the GRE and GMAT equally. Researching the preferences of your target programs can help inform your decision and guide your preparation efforts.

Ultimately, the difficulty of earning a higher score depends on various factors, including your strengths, preparation, and familiarity with the exam. It's essential to develop a study plan, utilize appropriate resources, and practice extensively to achieve your desired score, regardless of whether you choose the GRE or GMAT.

Given the upcoming prospective of recession, a number of students wonder if it is better time to go back to school for a few years until the market recovers. Most frequent choice of this is MBA, although some academically dedicated students go for other tracks such as Doctorate, Law School and etc. Then one wonder if MBA can really be a 'safe harbor' in a recession.

Is MBA a 'safe harbor" in a recession?

MBA is often considered valuable in the business world and can provide various benefits to individuals in their careers. However, it's important to note that there is no guaranteed "safe harbor" or foolproof solution during a recession.

During economic downturns, the job market can become more challenging, and businesses may face difficulties and cutbacks. While an MBA can enhance your skills, knowledge, and marketability, it does not automatically protect you from the effects of a recession. The impact of a recession can vary across industries and sectors, and even individuals with advanced degrees may face job losses or financial setbacks.

That being said, an MBA can still offer advantages during an economic downturn. Here are a few reasons why:

1. Broader skill set: An MBA program typically equips students with a wide range of business skills, including finance, marketing, strategy, and leadership. These skills can be valuable during uncertain times, as businesses may seek professionals who can navigate challenges and contribute to strategic decision-making.
2. Networking opportunities: MBA programs often provide extensive networking opportunities with classmates, alumni, and industry professionals. Building a robust professional network can be beneficial during a recession, as it can lead to job opportunities, collaborations, and access to valuable resources.
3. Adaptability: The ability to adapt to changing circumstances is crucial during a recession. MBA programs often emphasize critical thinking, problem-solving, and flexibility, which can help individuals navigate challenging business environments and identify new opportunities.
4. Career development support: Many MBA programs offer career development services, such as job placement assistance, career coaching, and access to recruitment events. These resources can be helpful when seeking employment during a recession, as they can provide guidance, connections, and opportunities for job searching.

While an MBA can provide advantages, it's important to consider various factors when making educational and career decisions. It's advisable to conduct thorough research, assess your personal circumstances and goals, and consider the specific market conditions in your industry before pursuing an MBA or relying solely on it as a "safe harbor" during a recession.

When coming back to the market, does MBA pay off?

An MBA can be beneficial in helping you find a new job when you re-enter the job market. Obtaining an MBA degree can enhance your qualifications and make you a more attractive candidate to employers. Here are a few ways an MBA can assist you in finding a new job:

1. Increased job opportunities: An MBA can expand your career options by opening doors to higher-level positions and industries that value advanced business knowledge and leadership skills. Many companies actively recruit MBA graduates and offer specific job opportunities targeted at individuals with an MBA background.
2. Expanded professional network: During your MBA program, you have the opportunity to connect with classmates, alumni, professors, and industry professionals. These networking connections can provide valuable leads, referrals, and insights into job openings that may not be publicly advertised. Your MBA network can also provide support, guidance, and mentorship during your job search.
3. Career services and resources: MBA programs often provide robust career services, including resume building, interview preparation, networking events, and access to job boards or recruitment platforms. These resources can assist you in effectively marketing yourself to potential employers and navigating the job search process.
4. Skill set and knowledge: Employers value the comprehensive skill set and knowledge acquired during an MBA program. The curriculum typically covers various business disciplines, such as finance, marketing, operations, strategy, and leadership. These skills can differentiate you from other candidates and demonstrate your ability to contribute effectively in a business setting.
5. Demonstrated commitment and dedication: Earning an MBA requires a significant investment of time, effort, and financial resources. Employers often view this commitment as a positive attribute, as it indicates your dedication to personal and professional development. It can also showcase your ability to handle complex tasks, manage multiple responsibilities, and complete long-term projects successfully.

While an MBA can enhance your job prospects, it's important to note that it is not a guarantee of employment. Other factors, such as your prior work experience, industry demand, and the overall economic conditions, will also influence your job search success. It's crucial to leverage your MBA degree along with your existing skills and experience to present yourself as a well-rounded and valuable candidate to potential employers.

What are potential side effects?

While pursuing an MBA can bring numerous benefits, there can also be some potential side effects or considerations to keep in mind. Here are a few aspects that some individuals may perceive as side effects of pursuing an MBA:

1. Financial costs: MBA programs often require a significant financial investment, including tuition fees, textbooks, living expenses, and potential loss of income if you leave your job to pursue a full-time program. It's essential to carefully evaluate the financial implications and consider the return on investment (ROI) of obtaining an MBA.
2. Time commitment: MBA programs typically demand a significant amount of time and dedication. Balancing coursework, group projects, networking events, and other commitments can be challenging, particularly if you're also working or have personal responsibilities. The time required for an MBA program may limit other activities or commitments during that period.
3. Career interruption: Pursuing a full-time MBA may require leaving your current job, which can result in a temporary interruption in your career progression. While an MBA can enhance your long-term career prospects, it's important to consider the potential short-term impact on your professional trajectory.
4. Opportunity cost: The time and resources invested in pursuing an MBA could have been allocated to other professional development opportunities or endeavors. It's crucial to assess whether an MBA aligns with your specific career goals and whether alternative paths could provide similar benefits.
5. Specialization limitations: MBA programs often offer a broad business education rather than deep specialization in a specific field. If you have a clear career focus in a specialized area, such as finance, marketing, or technology, an MBA might not provide the same level of expertise as a specialized master's degree or extensive work experience in that particular field.

It's important to note that these side effects can vary depending on individual circumstances and program choices. Many individuals find that the benefits of an MBA outweigh any perceived side effects, and the knowledge, skills, and network gained during the program contribute significantly to their long-term career growth. It's advisable to thoroughly research and consider your personal goals, financial situation, and career aspirations before deciding to pursue an MBA.

MBA admission sounds easy, but the application process has never been easy to most of us. Essay preparation is one thing, and as one prepare more and more, potential students realize how demanding the process is. What is more concerning is that even if you get admitted to MBA, without detailed pre-planning, you may end up wasting money and time. Indeed most disgruntled students have the same issue. No preparation.

Should you hire an MBA admissions consultant?

Whether or not to hire an MBA admissions consultant is a personal decision that depends on your specific circumstances and goals. Here are some factors to consider:

1. Expertise and Knowledge: MBA admissions consultants are experienced professionals who understand the intricacies of the MBA application process. They can provide valuable insights into crafting a compelling application, selecting the right schools, and presenting your profile effectively. If you feel uncertain about navigating the admissions process or lack knowledge about MBA programs, a consultant can be beneficial.
2. Application Strategy: An admissions consultant can help you develop a strategic approach to your applications. They can assist in identifying your unique strengths and differentiators, advising on how to highlight them in your essays and interviews. They can also guide you in structuring your application timeline and managing your recommenders effectively.
3. Essay and Resume Guidance: Crafting impactful essays and resumes is crucial for standing out in a competitive MBA admissions pool. A consultant can provide feedback, help you brainstorm ideas, and ensure that your written materials effectively convey your experiences, aspirations, and fit with the program.
4. Interview Preparation: Many MBA programs require interviews as part of the admissions process. An admissions consultant can offer mock interviews, feedback, and guidance to help you present your best self during these crucial interactions. They can also help you anticipate common interview questions and provide strategies for answering them effectively.
5. Networking and School Selection: Consultants often have extensive networks and knowledge about various MBA programs. They can help you identify schools that align with your goals, interests, and preferences. Additionally, they may connect you with current students, alumni, or admissions officers, providing valuable networking opportunities.

However, it's important to consider the potential drawbacks as well:

1. Cost: Hiring an MBA admissions consultant can be expensive. The fees for their services vary depending on the level of support and expertise you require. It's crucial to evaluate whether the potential benefits justify the financial investment.
2. Self-Reflection and Personal Growth: Some individuals may find value in navigating the admissions process on their own. The process of self-reflection, research, and personal growth that comes with preparing your application independently can be rewarding and contribute to your overall development.
3. Availability and Fit: Admissions consultants may have limited availability or be a poor fit for your personality, communication style, or goals. It's essential to thoroughly research and interview potential consultants to ensure you find someone who understands your needs and can provide the support you require.

Ultimately, the decision to hire an MBA admissions consultant depends on your individual circumstances, preferences, and comfort level. If you believe that the benefits they offer align with your needs and can justify the cost, hiring a consultant could enhance your chances of success in the competitive MBA admissions process.

Do you still need the consultant after the admission?

After gaining admission to an MBA program, the need for an admissions consultant typically diminishes. However, there are some scenarios where you may still find value in working with a consultant during your MBA journey:

1. Scholarship Negotiation: If you receive admission offers from multiple schools or are considering scholarship opportunities, an admissions consultant can help you navigate the negotiation process. They may provide insights into the best strategies for maximizing scholarship offers or provide guidance on making informed decisions.
2. Preparing for the MBA Experience: Transitioning to an MBA program can be overwhelming, especially if you are changing industries or returning to academia after a significant break. A consultant can help you prepare for the challenges ahead, offer advice on course selection, connect you with resources, and provide insights into the culture and expectations of your chosen program.
3. Career Planning and Networking: MBA programs often emphasize career development and networking opportunities. While the career services office at your school can provide guidance, an admissions consultant with a deep understanding of the industry or specific companies may offer additional insights and strategies for achieving your career goals. They can help you build a strong network, refine your resume, and provide interview preparation if needed.
4. Second-Year Planning: During your MBA program, you will likely have the opportunity to tailor your studies and select electives that align with your interests and career goals. A consultant can help you strategize your course selection for the second year, ensuring you make the most of the available options and align your studies with your long-term objectives.
5. Post-MBA Job Search: When you near the end of your MBA program, the job search process begins. An admissions consultant can assist with resume and cover letter review, interview preparation, and networking strategies to maximize your post-MBA job prospects.

It's important to note that while some consultants may offer ongoing support beyond admissions, the level of engagement and fees may vary. Assess your specific needs and the value you believe a consultant can provide in each phase of your MBA journey. If you determine that the benefits outweigh the cost, consider working with a consultant who specializes in post-admission support.

Who are the right consultant?

When selecting an MBA admissions consultant, it's essential to consider several factors to ensure you find the right fit for your needs. Here are some key aspects to look for when evaluating potential consultants:

1. Expertise and Experience: Look for consultants who have a strong track record of success in MBA admissions. They should have a deep understanding of the admissions process, knowledge of various MBA programs, and experience working with applicants who share similarities with your background and goals. Consider their years of experience, success rates, and testimonials from past clients.
2. Background in MBA Admissions: Consultants who have direct experience working in admissions offices or have served on admissions committees can offer valuable insights into the decision-making process. They understand what admissions officers look for in candidates and can provide informed guidance on how to strengthen your application.
3. Knowledge of Target Schools: Ensure that the consultant is familiar with the MBA programs you are interested in. They should have knowledge of the specific strengths, values, and cultures of those schools. This expertise can help you tailor your application materials to align with each program's unique characteristics.
4. Personal Fit and Compatibility: Effective communication and a good rapport with your consultant are crucial. Seek someone who listens to your aspirations, understands your background and experiences, and demonstrates a genuine interest in helping you succeed. A consultant who aligns with your communication style, values, and personality can make the working relationship more productive and enjoyable.
5. Services Offered: Consider the range of services provided by the consultant. Some may offer comprehensive application support, including essay editing, interview preparation, and resume guidance, while others may focus on specific areas. Determine which services you require and confirm that the consultant offers them.
6. Cost and Availability: Understand the fees and availability of the consultant's services. Consultants may charge by the hour, offer package deals, or have a retainer structure. Ensure that their pricing aligns with your budget, and inquire about their availability to ensure they can accommodate your timeline.
7. Reputation and Reviews: Research the consultant's reputation and read reviews or testimonials from past clients. Seek feedback from trusted sources, such as friends, colleagues, or online communities focused on MBA admissions. A positive reputation and satisfied clients can indicate the consultant's reliability and expertise.

Remember that finding the right consultant is a subjective process. Take the time to interview potential consultants, ask questions, and assess how well they understand your goals and needs. Trust your instincts and choose someone who instills confidence in their ability to guide you through the MBA admissions process effectively.