Graduate Management Admission Test Free Online GMAT Prep Courses
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The Graduate Management Admission Test (GMAT (/ËdÊiËmæt/ (JEE-mat))) is a computer adaptive test (CAT) intended to assess certain analytical, writing, quantitative, verbal, and reading skills in written English for use in admission to a graduate management program, such as an MBA. The GMAT does not measure business knowledge or skill, nor does it measure intelligence. According to the test owning company, the Graduate Management Admission Council (GMAC), the GMAT assesses analytical writing and problem-solving abilities, while also addressing data sufficiency, logic, and critical reasoning skills that it believes to be vital to real-world business and management success. GMAT is a registered trademark of the Graduate Management Admission Council. More than 5,900 programs offered by more than 2,100 universities and institutions use the GMAT exam as part of the selection criteria for their programs. Business schools use the test as a criterion for admission into a wide range of graduate management programs, including MBA, Master of Accountancy, and Master of Finance programs. The GMAT exam is administered in standardized test centers in 112 countries around the world. On June 5, 2012, GMAC introduced an integrated reasoning section to the exam that is designed to measure a test takerâs ability to evaluate data presented in new formats and multiple sources. According to GMAC, it has continually performed validity studies to statistically verify that the exam predicts success in business school programs. According to a survey conducted by Kaplan Test Prep, the GMAT is still the number one choice for MBA aspirants despite the increasing acceptability of GRE scores.
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Harvard Business School
Harvard Business School (HBS) is the graduate business school of Harvard University in Boston, Massachusetts, United States. The school offers a large full-time MBA program, doctoral programs, HBX and many executive education programs. It owns Harvard Business School Publishing, which publishes business books, leadership articles, online management tools for corporate learning, case studies, and the monthly Harvard Business Review. Harvard's MBA program is ranked #1 in the world by Bloomberg, #1 by the Financial Times, #1 by BusinessInsider and #2 by US News and World Report and Forbes Magazine.
Harvard Business School was established in 1908, initially by the humanities faculty, it received independent status in 1910, and became a separate administrative
unit in 1913.
The first dean was historian Edwin Francis Gay (1867-1946). Yogev (2001) explains the original concept:
This school of business and public administration was originally conceived as a school for diplomacy and government service on the model of the French Ecole des Sciences Politiques.
The goal was an institution of higher learning that would offer a master of arts degree in the humanities field, with a major in business.
In discussions about the curriculum, the suggestion was made to concentrate on specific business topics such as banking, railroads, and so on... Professor Lowell said
Harvard Business School
would train qualified public administrators whom the government would have no choice but to employ, thereby building a better public administration... Harvard was blazing
a new trail by educating young people for a career in business, just as its medical school trained doctors and its law faculty trained lawyers.
The business school pioneered the development of the case method of teaching, drawing inspiration from this approach to legal education at Harvard.
Cases are typically descriptions of real events in organizations. Students are positioned as managers and are presented with problems which they need to analyse
and provide recommendations on.
From the start Harvard Business School enjoyed a close relationship with the corporate world. Within a few years of its founding many business leaders were its alumni and were hiring
other alumni for starting positions in their firms.
At its founding, Harvard Business School accepted only male students. The Training Course in Personnel Administration, founded at Radcliffe College in 1937, was the beginning of
business training for women at Harvard. HBS took over administration of that program from Radcliffe in 1954. In 1959, alumnae of the one-year program (by then known as
the Harvard-Radcliffe Program in Business Administration) were permitted to apply to join the HBS MBA program as second-years.
In December 1962, the faculty voted to allow women to enter the MBA program directly. The first women to apply directly to the MBA program matriculated in September 1963.
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3D Business School rankings
Rank | Business School | 3D Score |
---|---|---|
#1 | Harvard Business School | 98.3 |
#2 | Wharton Business School | 97.4 |
#3 | Yale School of Management | 96.3 |
#4 | Columbia School of Management | 95.6 |
#5 | Skema Business School | 94.8 |
#6 | Sloan School of Management | 93.9 |
#7 | London Business School | 93.2 |
#8 | Stanford School of Business | 92.3 |
#9 | Kellogg School of Management | 91.1 |
#10 | Haas School of Business | 90.3 |
3D MBA programs tuition costs and fees
Rank | School | Total MBA cost | 2-years tuition |
---|---|---|---|
#1 | Columbia | $168,307 | $106,416 |
#2 | Wharton | $168,000 | $108,018 |
#3 | Stanford | $166,812 | $106,236 |
#4 | Chicago Booth | $165,190 | $101,800 |
#5 | Dartmouth Tuck | $162,750 | $101,400 |
#6 | MIT Sloan | $160,378 | $100,706 |
#7 | Harvard Business School | $158,800 | $100,706 |
#8 | Stern | $157,622 | $94,572 |
#9 | Yale School of Management | $151,982 | $99,800 |