How business education shapes your world..
I always knew that some day I would like to wear a suit, smoke a cigar, and talk business. I might have exaggerated that a little bit, but it is true: I always wanted to immerse myself in the business world. I believed, and I still do, that business education would open doors to opportunities, leading me to companies that I longed to be a part of. When I was deciding on my undergraduate major, I chose to first invest four years of my life in the liberal arts education, believing that it would change the way I perceive the world for the rest of my life. I never regret.
My subconscious, however, kept telling me that I also needed knowledge and skills that could be more directly applied to careers in which I was interested. After thorough research, I chose the Master of Management program to build a broad foundation upon which I can further solidify my business knowledge and skills through work experience in the future. Now that I have completed 60% of the MM program, I can tell you that business education goes beyond finding a job: it will also equip you with another lens, enabling you to deepen the knowledge about the world.
Prior to the MM program, inadequate exposure to statistical theory made me skeptical when I read academic journals or articles on the newspapers. “How could they draw conclusions that represent the majority, from 1,000 samples only?”, I thought. It could be just a coincidence! However, Professor Jonathan Berkowitz introduced me to essential theory about statistics, its reasoning, and applications, in a unique way. He turned ordinary conversations or dialogues in movies and poems into statistical works of art. And the way I see this world has changed. Statistics has now become an additional tool that aids decision-making, personally and professionally.
Each jigsaw puzzle piece that the MM courses offer will provide you with different useful lenses to be used in different scenarios. The concepts of costs in Managerial Accounting might change your buying behaviour. Design thinking from Fundamentals of Entrepreneurship might redefine your perception of failure. Whichever lenses you use, a more versatile way of thinking, a big picture of business, and the link between your business career and your undergraduate degree will develop along the journey.
– Phaokan Thooptong
When thinking about the application process for the MM program one of your key decisions will be whether to take the Graduate Records Exam (GRE) or the Graduate Management Admissions Test (GMAT). Both tests are standardized testing methods that aim to evaluate your verbal reasoning, quantitative reasoning, analytical writing and your critical thinking. Your results from one of the tests must be submitted with your application, so let’s try and help you decide which one to take!
The GMAT test is primarily used for graduate programs at business schools such as the MM and MBA programs. The structure of the test is broken down into four sections: verbal, quantitative, analytical writing and integrated reasoning. The GRE is primarily used for graduate and doctoral programs from varying academic disciplines and contains verbal, quantitative and analytical writing sections but does not include the integrated reasoning section found in the GMAT.
The integrated reasoning section is the only major difference in content between the tests. It is a new section on the GMAT that aims to evaluate your ability to evaluate data presented in multiple formats from multiple sources. However, your score on the integrated reasoning section does not contribute to your overall GMAT score. The GRE has an experimental section that could be either verbal or quantitative that tests new questions so therefore is also not part of your overall score. Apart from the content of each test, the total test time is comparable at 3.5 hours for the GMAT and 3.75 hours for the GRE. Your results from both the GRE and the GMAT are valid for 5 years after your test date, but the GRE is cheaper at $195 compared to the GMAT at $250.
The overall perception of the two tests is that the GRE focuses more on vocabulary rather than grammar, the quantitative section is easier and you can use a calculator. However, the best thing to do is to take a practice test of each and see how you score and how you like each test. Pick the one that you think you can improve the most in to reach those goals sooner! Also, it’s also a good plan to think ahead – maybe you’re going to apply to another program after the MM, which also accepts the GRE! Whichever test you pick, the online or in class prep courses give you great study tips and materials to help you reach your desired score. I hope this answers some of those burning questions so you can pick a test and get studying! Good luck!
– Samantha Bisnaire