Archive for the ‘MBA’ Category

NYU Stern School of Business and Wharton to Accept GRE® General Test Scores for MBA Admission

Tuesday, January 12th, 2010

Mark I. McNutt
mediacontacts@ets.org

Princeton, N.J. (August 19, 2009) —

New York University Stern School of Business (NYU Stern) has announced that it will begin accepting GRE® General Test scores for admission into its full- and part-time MBA programs for the fall semester 2010. The Wharton School of the University of Pennsylvania plans to accept GRE scores in the fall semester 2010 for the fall admission class of 2011, as reported by BusinessWeek.

The official announcement by NYU Stern highlights a growing trend among top business schools of accepting GRE scores for admission into MBA programs.

The GRE General Test is now being accepted by programs in more than 250 business schools including seven of the top 10 global MBA programs, according to the Financial Times. These are The Wharton School of the University of Pennsylvania (fall 2010), Harvard Business School, Stanford Graduate School of Business, Instituto De Empresa (IE), China Europe International Business School (CEIBS), Massachusetts Institute of Technology (MIT) Sloan School of Management, and NYU Stern.

Other programs that have recently decided to accept GRE test scores include the University of Virginia’s Darden School of Business, ranked in the 2009 top ten by Forbes, and Queen’s School of Business in Canada, which is ranked as the number one MBA program outside the U.S. by BusinessWeek.

“Accepting GRE scores makes good business sense,” says David G. Payne, ETS Vice President and COO for College and Graduate Programs. “Opening admissions to students who wish to submit GRE scores will improve the size, diversity and quality of the applicant pool and student body. These are the kinds of tangible benefits that business schools value and what the global business community increasingly demands to meet the challenges of the 21st century.”

Payne believes the GRE® Comparison Tool for Business Schools and the recent introduction of the ETS® Personal Potential Index (ETS® PPI) have helped to drive interest in the GRE exam by MBA programs and graduate business schools.

“Professional and graduate schools, especially MBA programs, place a high value on critical personal attributes like ethics and resilience,” Payne explains. “Designed to measure these skills, ETS PPI has drawn a lot of attention from graduate and professional programs that are seeking to recruit the very best and brightest.”

The GRE Comparison Tool for Business Schools, launched last October, provides a predicted Graduate Management Admission Test® (GMAT®) Total Score from GRE Verbal Reasoning and Quantitative Reasoning scores.

“The GRE Comparison Tool is very helpful to us,” explains David Bach, Associate Dean of MBA programs at Instituto de Empresa (IE) Business School. “The fact that it is accessible online makes the admissions review process easier, too.”

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MBA Admissions Director Q&A: NYU Stern’s Isser Gallogly

Tuesday, January 12th, 2010

Available in full exclusively at ClearAdmit.com, the nation’s leading MBA Consultant.

With round two application deadlines fast approaching, we are beginning to wrap up our Admissions Director Q&A Series here at Clear Admit. Today we are pleased to add a recent conversation with Isser
Gallogly, executive director of MBA admissions at New York University’s Stern School of Business.

Gallogly understands the MBA and its potential for changing people’s lives first hand. “I am on my third career,” he said. He worked in banking after college and then returned to business school to obtain an MBA as part of a career shift toward marketing. After almost a decade working for Unilever and Loreál, he decided to shift again toward education and academia. “I know how much an MBA has changed my life both personally and professionally, and helping others on that journey seemed to me to be a very gratifying job opportunity,” he said.

Indeed, Gallogly and his staff do seem committed to helping prospective applicants. “We want to be people’s partner in the application process,” he said. To this end, NYU Stern has a range of resources for the prospective applicant in the Applying to Stern section of its website, including admissions directors’ tips and advice, podcasts, interviews with the media and more. You won’t want to miss those or the transcript of our conversation with Gallogly, which follows.

Clear Admit: What’s the single most exciting development, change, or event happening at NYU Stern this coming year?

Isser Gallogly: Well, I have a lot to choose from. I think one of the most interesting things that we’ve been doing lately is a series of Market Pulse events. There is so much going on in the world right now, and we’ve been having panels with our star professors and noted faculty talking about the impact of the financial crisis on the global economy and solutions for the future. .

Really, it’s just part of what you get at NYU Stern. We are a dynamic, plugged-in institution. We really try to stay on the absolute cutting edge of what is happening in the world. What that means is that our students have incredible access to all kinds of people – from the dean of the school, Thomas Cooley, to Professor Nouriel Roubini, who was predicting the current recession a couple of years ago at the IMF, to Professor Ed Altman, a leading expert on corporate distress and default.

We are dynamic, forward looking, innovative, and we change. This was a different year, and in different years you do different things. That said, I could definitely see the Market Pulse events becoming an ongoing series. They have been so successful – some have been standing room only – and it’s very likely they will be continued over the course of next year. Obviously we are all hopeful that the economy will change for the better, but especially given current conditions, I think this new addition has been an exciting and valuable one for both Stern and the business community at large.

CA: What is the one area of your program that you wish applicants knew more about?

You can read the rest of this interview at ClearAdmit.com

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