Posts Tagged 'accounting'

GMAC Essential Prep gets you MBA ready

For those of you that are looking to brush up on a few skills prior to starting the MBA program,  GMAC’s Essential Prep Collection may be a good option.  The entire collection comes with tutorials in Accounting, Finance, Quantitative Skills and Statistics and gives you access to online materials for an entire year.  If you don’t need the whole collection, you can just purchase the tutorial that you need most.

Other suggestions for getting MBA-ready?

*Read the Wall Street Journal

*Familiarize yourself with Microsoft Excel and other Microsoft Office products

*Read Accounting for Dummies or any other book that will introduce you to business terminology

*Enroll in undergraduate classes such as Statistics 1430 or Accounting 2300 prior to enrolling in MBA level courses.


Brush up on those quant skills to sell yourself to the Admissions Committee

You are interested in applying for the Fisher MBA program, but you are worried.  You have matured a lot since college and, looking back, realize that you possibly didn’t make the most of your undergraduate experience from an academic standpoint.  You know your GPA isn’t reflective of your potential.  You have been out of school for awhile and are a bit rusty at taking tests, especially standardized ones, so your GMAT performance isn’t all that compelling.  You have, however, been very successful in your career and believe you have what it takes to be successful in the MBA program.

Does this sound familiar?  If so, here is a piece of advice:

If the Admissions Committee reviews your application and is not able to find strong evidence of quantitative and analytical aptitude or raw intellectual horsepower through your transcripts and test scores, we are going to need something else to convince us that you can do the work.  Many times we will ask candidates to take undergraduate level courses in Finance, Accounting, or Statistics as a way to better evaluate your ability to succeed academically in the program.

If you are someone that has the profile described above, it might be in your best interest to take the initiative and enroll in a course or two before you apply.  The course can be at Ohio State or Columbus State or wherever it is convenient for you.  We are happy to provide some suggestions if this is something you want to consider.  Feel free to reach out to the Graduate Programs Office and ask to meet with a student ambassador or admissions officer.  We are here to help!

Get “MBA ready”

If you are reading this blog, you are probably giving serious consideration to the pursuit of a graduate degree in business at The Ohio State University.  Congratulations on taking the first step towards achieving your academic and professional goals!  It may have been awhile since you have been in school and perhaps you are a little bit nervous about sitting in the classroom again.  Here are some helpful hints to get you “MBA ready”:

1) Learn how to use Microsoft Excel – you will learn what you need to know once you arrive here, but it is always helpful to have a basic understanding of the core Excel functions.  There are numerous resources online, including this free tutorial I found by doing a quick google search.

2) Read Accounting for Dummies – many students find that accounting is one of the more stressful courses.  You may feel a little less overwhelmed if you have perused this book, especially if you have never taken an accounting course before.

3) Read the Wall Street Journal – be aware of what is happening right now in the business world.  You will feel more prepared to contribute to classroom discussions and derive the maximum value out of your experience if you are connected and “in the know.”

4) Become familiar with the case method – many instructors use business case studies as a way to thoroughly study and analyze real-world business situations.  Harvard Business Review offers pdf cases for purchase as well as resources to help you prepare to analyze a case in the MBA program.

5) Go to company websites and take a look at their financial statements (balance sheets, income statements, cash flow).  Familiarize yourself with how to read them and use them to interpret the financial health of the organization.

6) Access MBA prep tutorials that are available to you, such as the GMAT Business Ready Collection, which offers tutorials in accounting, finance, quantitative skills and statistics.

7) Paint your house.

Ok, you might be wondering why in the world I am telling you to paint your house, but what I am really trying to say is: Get your personal life in order.  You will be juggling many competing priorities during your 2-5 years in the MBA program.  Take care of those household projects that have been on your “to-do” list for awhile now, because they might remain on the “to-do” list for quite some time if you don’t.  I am not suggesting that your life as you know it is about to end, but you are going to have to shift your priorities a bit. This is especially true if you are a married student or a parent.  You are going to want to spend your “free” time doing those things that are most valuable to you and spending time with the people who matter most.  You are not going to want to worry about home improvement projects and other items on your list that are not of high priority.

Get ready for school!