Tomorrow I am taking time off work to go and sit for the GMAT, aka Graduate
Management Admission Test. It is a 4 hour test and costs around $250 to take. For those of you who don’t know, the GMAT is the SAT for Graduate school. It’s the other factor along with undergraduate grades that they use to assess your intelligence.
I have been looking over the test material and format. The GMAT has several kinds of questions that are unique to the test and cannot be found anywhere else. Obviously it would pay off to do a bit of research and studying before taking the test, it could raise your score significantly.
Hopefully I get a decent score on this test and will be able to apply and be accepted to The Ohio State University’s Fisher College of Business. It is where I got my undergrad, and I am actually looking forward to going back.
Now if I got my MBA tomorrow, my job would not give me a penny more, but at the same time they would happily foot the entire bill of around $60,000 for the degree. The relative “value” of an MBA is many times more then that. There is no definite figure on how much more a person would make if they held an MBA over just a bachelors degree. But the law of averages says that on an aggregate level MBA holders can make 500,000 more then those without the degree.
Wish Me Luck!
Yo Jon Bon, don’t you have work to do at 11:22 am on a Thursday?