Business School Costs and Return on Investment

With the economy as it is, there’s no question that more people will be heading to business school as a safe haven for the recession. So exactly what kind of return on investment does a business school education bring these days? Well a recent study by BusinessWeek provides some very interesting insight on Business Schools, costs and the eventual return on investment. Most notably making the rankings is Harvard Business School at #50 on Return on Investment. But before you think it’s a bad investment, consider that many of the most prestigious schools like HBS and Stanford, have many enrolled students who were probably already making a lot of money before they pursued their MBAs. Do check the rankings out and let us know your thoughts.

Ranking Return On Investment
Special Report: The Best B-Schools

Program Rankings and Profiles

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Admissions Interviews

When you’re getting ready for your college interview, make sure you’re prepared. Make a list of questions ahead of time to ask the interviewer. This helps you obtain more information about the school, and it shows the interviewer that you’re interested in the college.

Your list should include relevant questions about the school and the education you’ll receive there. Use this guide to prepare questions for your college interview.

1. Ask about the school. Demonstrate interest in the school to show that you care about the institution and your education.

• Why would you recommend this school?

• What are the most common majors? Why?

• Are there any areas you feel the school could improve on?

• How does this school compare to other public or private colleges?

2. Ask about student life. You’re going to spend the next four years of your life there, so find out answers to your questions ahead of time.

• How many freshmen do you expect this year?

• What activities are available for students to get to know each other?

• How would you describe student life at this school?

3. Ask about activities. Learn about the extracurriculars available at the school.

• Are there sports, arts or other activities on campus that interest you?

• Are internships or co-ops required?

4. Finish with a question about you. When the interview is almost complete, ask the interviewer if there is anything else he would like to know about you. This will allow the interviewer to make a more informed decision about your acceptance and leave him with a positive impression.

What not to ask

• Personal questions. Ask questions to learn more about the school itself. Do not ask questions specifically about the interviewer, as they may be perceived as offensive.

• Questions you should already know. Do not ask questions that can be found in the school’s calendar or admissions information. You will look unprepared.

After researching the college, draft your own list of questions. Asking questions will help you leave a better impression, which may increase your chances of admission.

Article as it appeared in Next Step Magazine.

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“Safety Schools”

We get this question all the time: “How many safety schools should I apply to?”

Our definition of safety schools: schools where you have a greater than 75 percent chance of admission.

The number of schools you should apply to which are traditionally safety schools should be a 3-2-1 ratio. Meaning, you should apply to 3x as many top level schools which are considered “reach” schools as 2x as many mid level and 1x as many safety schools. This ratio allows you to concentrate and increase your odds of getting into a top school.

But it’s important not to just blindly apply to as many top schools as possible. In fact, there’s a good chance that the numbers behind Harvard University’s applicant statistics are skewed greatly by students without a strong chance of being admitted. This means that a majority of the applicants will just simply fill out a perfunctory application without serious, in-depth admissions counseling.

Harvard University Applicants (Class of 2012)
Students Total
Applicants 27,462
Admitted 2,175
Anticipated Matriculants 1658
Yield 76.4%

This means that you should spend more time on the top schools so as to differentiate yourself from the others in the applicant pool- those who simply fill out the application without hard work.

In terms of filling out the safety school applications, you should devote as much time as needed because you might have a chance of receiving a scholarship or grant. Often times, these schools lure students to their campus in order to increase their yield rate and their bottom line. These universities and colleges do so through scholarships and grants, so don’t just fill out the admissions applications.

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Top Boarding Schools

Our Annual Ranking of Boarding Schools is listed below. Our boarding school rankings are based on a simple formula below.

(1) Phillips Exeter Academy
(2) Phillips Andover Academy
(3) St. Paul’s School
(4) Lawrenceville School
(5) Choate Rosemary Hall
(6) The Hotchkiss School
(7) Middlesex School
(8) Deerfield Academy
(9) Northfield Mt. Hermon School
(10) Loomis Chaffee

[Formula Used] Class Size + SAT Score Average + College Placement + Facilities
Note this formula is inclusive of all boarding schools and prep schools.

For more information on our boarding school rankings or on our own prep school admissions counseling, contact us today.

These are the best boarding schools in America. There are many more out there, so let us help you do the research on this topic.

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5 Reasons to Get Help With Your Admissions Applications

I’ve decided to help parents see why hiring an independent college counselor – one not affiliated with a specific school- can and will help you:

(1) 98% of American high schools lack the resources necessary to dedicate to individual students who are applying to schools.

(2) Your acceptance rate WILL go up when you do; hiring a focused counselor will help you get an outside perspective on your applications.

(3) International students sometimes need help writing in a new language; applications can be complicated, tedious and long. We help you navigate the process.

(4) We can help you get the financial aid necessary to pay for school.

(5) Parents can use the extra help motivating their students to optimize their academic potential.

These are just a few reasons how and why we can help YOU succeed in the complicated admissions game.

Contact Top Test Prep.com today for help.

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The Meaning of Selectivity

Opinion piece from MetaEzra.com and Matthew Nagowski (Cornell ‘05):

With the early decision cycle only ten days away, there is undoubtedly a lot of chatter about the selective universities and what it means to be selective. Unfortunately, the dialogue is typically focused around acceptance rates and SAT scores, when the topic is a lot more complicated than that.

First, can we agree that acceptance rates as published tell you nothing? A much more meaningful statistic would be the percentage of student acceptances relative to the total population of applicants whom the school would deem fit to enroll were space not a problem. If one out of every five applicants to Harvard is doing it as a lark and they have absolutely no shot at getting accepted, what does Harvard’s acceptance rate tell you about selectivity? Nothing really.

Similarly, a lot of schools are now engaging in pretty… interesting… behavior to tailor their entering classes as they see fit, which can affect the acceptance rates in odd ways. Penn is enrolling 50 percent of its class early decision, way beyond the norm for any of its peer schools. And WashU has been known to purposeful reject candidates considered to be overqualified.

So acceptance rates tell you nothing.

That said, in my mind, there are two underlying qualities that colleges look for when they accept students — academic qualifications and what I will call extramural qualifications. These comprise the basis of what it is meant to be “selective”. Often two students may have the same academic qualifications but differ extramurally, and those factors will make all of the difference.

Now, it is impossible to quantify these extramural factors in any meaning form, so good luck with that.

But there is also a lively discussion to be had about academic qualifications…

Turning to the academic qualifications, there are many known issues with the standard statistics used. The first failure is that selectivity is often paired with statistics for the entering class, and not the accepted class. If selectivity is really to be a gauge for how difficult it is to get accepted to a school, I think the accepted class statistics should be used across the board.

More importantly, SAT and ACT scores are widely considered to be endogenously correlated with the household income of a student, suggesting that the wealthier a school’s student body is, the higher standardized test scores you should expect, all other things held equal (e.g. the academic qualifications of the student body are exactly the same). So if 10 percent of Dartmouth students are on Pell Grants, as compared to 35 percent of Berkeley students, I’m not certain you can make a meaningful comparison across the two institution’s SAT scores without taking this fact into account.

Another question I have in regards to selectivity is why class size doesn’t come into account more often. It seems to me to be pretty easy to create a selective class when you may only enroll 1,000 new students a year. But it is a lot harder to enroll a just as “selective” class when you enroll 2,500 or 3,000 students a year. If you look at the distribution of

I believe that the best indicator of academic qualifications is one’s academic record in high school. But there are a couple of issues with how to consider one’s academic record, especially as no two high schools are going to grade similarly.

There is also the problem of non-reporting of high school rank in class. Not all high schools feature the same caliber of a student body, so one who may be a top 10 percent in a certain high school might only hit the top 30 percent in another high school. Apples to oranges. And a majority of students no longer report it, so I’m not certain how meaningful it is anymore.

Finally there is the role of interest and motivation in all of this. Somebody could be fascinated by birds or driven to play music all day, but really struggle in English class. If Cornell is enrolling some of the world’s future premier ornithologists or Oberlin is admitting some of the best chamber musicians in the country, but they just so happen to have a spotty record in some traditional academic subjects, how can you compare this type information with other schools? You can’t.

In the end you need to trust that each institution is accepting and enrolling the students they think will make the best use out of the resources and opportunities offered. That is important. It’s what education should be all about. But quite frankly, I’m not so certain that is happening anymore at a lot of schools, as everybody falls prey to this rankings madness. Intellectually curious students are being passed over for drones who have good test scores but can’t come up with an independent thought to save their life.

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Matthew Nagowski is a great writer and friend from Cornell; Matt and Andy Guess manage an informative and enlightening blog called MetaEzra.com;
We found this piece particularly helpful as early decision deadlines are looming.

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