Thursday, February 26, 2009

It's The Approach That Counts

I like watching Nat Geo and Discovery channels on Astro. On one of the series about the US aircraft carrier, one of the fighter pilots talked about how he and his fellow pilots are trained to focus on the guide on the cockpit when they land on the carrier. They only have a small "window" of opportunity to land and if they missed that, they had to throttle to the max to fly away. They are not even supposed to worry about the guide cable which will hook at back of the plane and halt the plane when it lands correctly.

My study group members asked me how should they tackle GMAT questions. Well, the answer is and as I always reminded them (again and again) - it's the approach that counts.

Very often, the moment we see a question, we like to jump straight into working and only to find out that it took us more than 2 minutes and yet not getting the answer. When I practised, I took the above approach as show in the diagram.

Spend first 30 or so seconds to read, understand, rephrase the question, if necessary and formulate the approach. Remember, you only have this 30 seconds to think through and determine your best approach to solve in 4 or 6 steps.

The next 60 seconds is used for working. Start by eliminate not-possible answers. This improves your chances of striking the right one. By eliminating 2 not possible answers, you improve your odds from 1/5th to 1/3rd. If you can eliminate 3, then you increase it to 1/2th.

Don't forget that you need to click the answer in the computer. It takes time to move the mouse and click Next and Confirmed.

All this is done within 2 minutes window.

So, GMAT "pilots", start practising your approach.

Jimmy Low

Thursday, February 5, 2009

MBA Admissions, Scholarships & Careers - Facebook

QS Network, the organizer of QS World MBA Tours, now has a Facebook group called "MBA Admissions, Scholarships and Careers".

Jimmy Low

Waitlist is Worse than Death Sentence

What's worse than a death sentence? Being kept on your school waitlist.

Read what Jeremy Shinewald, Founder/President of mbaMission has to say about responding to "Waitlist":

In recent weeks, many candidates have received responses from MBA Admissions Committees that can be even more frustrating than rejections: “You have been placed on the waitlist.” So, what do you do when your status is uncertain? First and foremost, listen to the Admissions Committee. If the AdCom tells you not to send follow-up material of any sort, then you should not yield to temptation and send material you think will bolster your case (bold emphasized). If you (misguidedly) choose to send additional information when it has not been requested—and especially when the AdCom has asked you not to—you will definitely identify yourself in a negative way—not the type of message you want to send to the group that will be determining your fate.

Still, some schools will ask that you provide additional information. In this case, you may also experience some frustration: “What can I offer the MBA Admissions Committee as an update? I submitted my application three months ago!” You can start by explaining (if applicable) that you have been targeting certain weaknesses—retaking the GMAT and increasing your score, for example, or taking a supplemental math class and earning an A grade. Further, if you have any concrete news regarding work promotions or the assumption of additional responsibilities in the community, you should definitely update the MBA Admissions Committee on these points.

Even if you do not have these sorts of tangible accomplishments, you should have some news to share. If you have undertaken any additional networking or completed a class visit since the application deadline, you can offer a window into your burgeoning interest in the school. (When you are on a waitlist, the MBA AdCom wants to see evidence that you are passionately committed to the school.) Further, even if you have not been promoted, you can creatively reflect on a new project that you have started working on and identify the new professional skills/exposure this project has provided (for example, managing people off-site for the first time or executing with greater independence). Finally, the personal realm is not “off limits,” so you should also feel free to discuss any accomplishments, from advancing in your study of a language to visiting a new country to completing a marathon (just as examples).

With some thought and creativity, you should be able to craft a concise but powerful letter, showing your recent professional and personal growth, while expressing your sincere and ever increasing interest in the school—all of which will serve to increase your chances of gaining admission.

Taken from GMATTERS: ManhattanGMAT Newsletters



Jimmy Low

Thursday, January 29, 2009

Top 10 US and Global B-School Ranking 2009 vs 2008 by FT

To add on from JK's posting, here is the summary of the top 10 US and Global MBAs, with 2008 ranking in parentheses.

Global Top 10 MBAs
1. University of Pennsylvania: Wharton (1)
1. London Business School (2)
3. Harvard Business School (5)
4. Columbia Business School (3)
5. Insead (6)
6. Stanford University GSB (4)
6. IE Business School (8)
8. CEIBS (11)
9. MIT: Sloan (7)
10. New York University: Stern (13)

US Top 10 MBAs
1. University of Pennsylvania: Wharton (1)
2. Harvard Business School (5)
3. Columbia Business School (3)
4. Stanford University GSB (4)
5. MIT: Sloan (7)
6. New York University: Stern (13)
7. University of Chicago: Booth (9)
8. Dartmouth College: Tuck (15)
9. Yale School of Management (16)
10. Northwestern University: Kellogg (24)

Click here for other rankings.


Jimmy Low

Monday, January 26, 2009

Latest FT B-School Ranking

The Financial Times has released its latest B-School ranking and for 2009, it's great news for European and Asian schools. Notable mentions include LBS sharing the top spot with Wharton and an Asian school breaking into the top 10 for the very first time.

The FT rankings places greater weightage on salary (adjusted for purchasing power parity) and 'internationalism'.

Perhaps there is a slight anglo centric bias with FT?

;)

p/s it'll be quite interesting to look at future rankings once the fall in pound, euro and the gradual rise in Asian currencies start affecting the survey results

Click here to find out more!

Thursday, January 22, 2009

GONG XI FA CAI from GMAT Malaysia!



We wish you a Happy and Prosperous BULLish
year ahead. Whatever your GMAT score or MBA
dream is, believe in yourself
and you can achieve it!

BULL-eh!

From
All of us at GMAT Malaysia

Wednesday, January 7, 2009

Head-To-Head Analysis: Veritas Prep versus Manhattan GMAT

Head-To-Head Analysis: Veritas Prep versus Manhattan GMAT
For people looking at which GMAT courses to take, many seem to debate between Veritas Prep or Manhattan GMAT. Both programs seem to have great offerings on their websites and both contend that the only way to really decide which program has the advantage is to take both courses and decide for themselves.

Continue reading http://tmmycgmat.blogspot.com/2008/04/head-to-head-analysis-veritas-prep.html

Thursday, December 25, 2008

Interviews!!

Q. What comes after GMAT and application essays?
A. Interviews!!

Some schools interview all applicants who apply while others screen through the application packages and invite applicants for an interview. All good schools interview admitted students though so if you are aiming for the top 100 schools you will probably have to face the ad com.

Getting an interview invite indicates that the school is interested enough in you for the ad com to invest time and money to interview you. That's great news!

An interview though isn't a make or break deal. Often times, a good interview isn't a guarantee that an admit will be forthcoming. Likewise, if your nerves were all over the place during the interview, don't lose hope! Most of the time, schools look at the entire application package and the competitiveness of the next intake before making a decision.

An MBA admissions interview is like any other job interview. You need to prepare for it and thankfully, the internet is a tome of information for those who are interested in big US and European schools. One very useful resource is ClearAdmit's blog. You can also surf through forums (PagalGuy and GMATClub are very supportive and active communities) and plow through every Google result.

Besides the online resources above, here are some of my observations and strategies:-

  • Prepare yourself for the interview by selecting a few 'experiences' that you have and weave a theme around those experience (e.g. led new team, leadership; restructured IT policies, conflict resolution; etc.)
  • Understand the school's culture. If the school is big on leadership, expect to have some questions. If it's internationalism or diversity, highlight any 'cross cultural' work you've done.
  • Read the school brochure, talk to their marketing people, hit every link on the school's website. The worse thing that you can do is to turn up for the interview and know zilch about the school.
  • Be clear on your goals and why you want to do the MBA now.
  • Prepare a short informal introduction of yourself
  • Be prepared to address any gaps in your application (low undergrad scores, frequent career change etc.)
  • Lastly, stay calm and tell yourself it's a conversation where both parties are mutually engaged.
Oh and if you do want to practice your interviews, you can approach any one of us. That's what GMAT Malaysia is for!

Happy holidays :)

Wednesday, December 24, 2008

Part 1: Tackling Quant Questions

Some members asked me what's "best" way to tackle GMAT quantitative questions. Well, I don't have the "best" answer but I have approached quant questions from different angles during my study and came out with one that suits me. You can give it a try and see if it suits you (always find an approach that you will be comfortable with).

In earlier blog, I wrote about "2-4-6" rule. I am sure someone might have invented this but let's say I gave it a name. Let's recap this rule: 2 minutes per quant question, 4 steps for "easy" question and 6 steps for "hard" question.

Now, we take this rule a few steps further. My approach to quant questions as follow:

1. When you read the stimulus and question stem, immediately take note of the topic(s) and sub-topic(s) you are being tested on. Yes, at times, especially "harder" questions, you are being tested on two or more topics or sub-topics. Therefore, your ability to syntisize the questions and pull them together helps a lot.

You might be asking what I do mean by "topic" or "sub-topic". GMAT Malaysia is using ManhattanGMAT Prep books as our guides; thus, you will find the structures in their books. As you study, you should build into yourself the principles and rules covered in each sub-topic.

2. Once you know what is being tested, immediately you should recall the principles and rules.

3. Now, apply those principles and rules to answer the question stem. Is it about Prime Factorisation? What do I need to know about prime numbers? What are prime numbers?

4. Most of time, the stimulus is in 2-3 sentences. Convert them into algebraic equation(s). This is what GMATters call "rephrasing".

5. Once you do this, you can see what the question is actually asking and at times, the answer just pops right in front of your face.

6. Look for the answer. At times, the answer is in another form e.g. in the form of inequalities. In this case, you think to know the rules of inequalities.

Okay, so much talk, show me the action. Here is one question from Official Guide (11th Edition):

PS Q26: If the quotient a/b is positive, which of the following must be true?

(A) a > 0
(B) b > 0
(C) ab > 0
(D) a-b > 0
(E) a+b > 0

This question is testing you on Positive/Negative Values and Divisibility but the answer choices are given in form of Inequalities.

When you rephrasing this question, value (a/b) being greater than 0. For a/b to be greater than 0, both a and b must be positive or negative. Either one cannot be negative, or the stimulus will not be true (in this case, the stimulus is a/b > 0).

Let's examine each answer choice.

(A) a > 0, but says nothing about b. Not determinable.
(B) b > 0, and like answer choice (A), says nothing about a. Not determinable.
(C) For a * b > 0, a and b must be positive or negative AND neither one can be negative. This is what we are looking for when we analyse the stimulus. Correct
(D) a - b > 0. If a is positive, then b must be smaller than a such that will still result in a - b as a positive number. Or, a can be negative and b can be negative such that the b is greater than a. Too many possibilities, not sure what values a and b could be. Not determinable.
(E) a + b > 0. If both a and b are positive, then this is correct. If a and b are negative, then this is incorrect. Or, either a or b is negative, then it dependable on which value is smaller negative value. Again, not determinable.

What I have done in analyzing and breaking down the stimulus is restating the stimulus into these two conditions:

i. For a/b to be greater than 0, both a and b must be positive or negative.
ii. Either one (a or b) cannot be negative, or the stimulus will not be true

And, answer choice (C) met these two conditions.

Get yourself into this regime and soon you will ace in both problem solving and data sufficiency questions.



Jimmy Low