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MBA Math Monday: Introduction

I welcome Dr. Peter Regan of MBA Math as a contributor to Accepted's Admissions Almanac. The self-assessment that Peter writes about is a critical part of the evaluation required to develop a sound MBA admissions strategy. -- Linda Abraham

This post introduces a new weekly feature intended to help MBA applicants to assess their readiness for the quantitative elements in the first-year MBA curriculum.

Thousands of incoming admitted students each year use the self-paced, online MBA Math quantitative skills course to build a solid quant foundation for the MBA core curriculum. Of greater interest to readers of this blog are the many MBA applicants who complete the course and submit their MBA Math transcript as part of their admissions package.  Some applicants do so at the recommendation of admissions officers; others complete the course on their own initiative.

As a complement to the GMAT's aptitude focus, MBA Math's focus is proficiency with the most MBA-relevant quantitative basics of finance, accounting, economics, statistics, and spreadsheets.

Let me briefly introduce myself. My name is Peter Regan. I created the MBA Math course based on years of teaching multi-day pre-orientation quant skills courses at Dartmouth's Tuck School and Cornell's Johnson School. I also teach second-year decision consulting courses at Tuck and Duke's Fuqua School.

Each Monday, I'll post a sample exercise and a step-by-step solution with audio commentary. Exercises will cycle through finance, accounting, economics, and statistics, becoming progressively harder with each iteration.


US News Grad Rankings Are Out!

The US News just released its 2009 Grad School Rankings. I'm going to list the top ten for business school, law school, and medical school (research) and provide links to the ranking methodology for each category. For other graduate specialties, please visit the US News site.

Business School Rankings and methodology

1. Harvard
2. Stanford
3. Northwestern Kellogg
3. Wharton
5. MIT Sloan
5. Univ. of Chicago
7. UC Berkeley Haas   
8. Dartmouth Tuck
9. Columbia
10. Yale

Law School Rankings and  Methodology
1. Yale
2. Harvard
2. Stanford
4. Columbia
5. NYU
6. UC Berkeley
6. Univ. of Chicago
8. Penn
9. Univ. of Michigan
10. Duke
10. Northwestern
10. University of Virginia

Medical School Rankings (Research) and Methodology
1. Harvard
2. Johns Hopkins
3. Penn
3. Washington U (St. Louis)
5. UCSF
6. Duke
6. Stanford
6. Univ. of Washington
6. Yale
10. Columbia

A few caveats: My strong recommendation is to use the rankings as a library of raw data conveniently compiled in one location and not as a tried and true guide of educational quality. They are not the latter. They are the former. To the extent you are going to use the rankings as a guide to school reputation and brand value, you must understand the methodology behind them and what they are measuring. Be cognizant of the differences between what is important to you and what is important to the rankings.

A few observations on the rankings themselves:

  1. There are many ties in the rankings, which implies that the differences in reputation are almost imperceptible when talking about closely ranked programs. For example the difference between being "in the top ten" and out of the top ten (i.e. #11) for medical (research) programs is 1 point, for the top law and business schools it's  2 points. Don't get hung up on these differences.
  2. The "top ten" changes little from year to year. In most cases, if you compare these rankings to the 2009 version, it looks as if US News just reshuffled the deck a tiny bit.

For more on rankings, please see:

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Average 2008 GMAT: 694
Average 2008 Acceptance Rate: 19%
Average 2007 GPA: 3.3
Class Size: 257
2009 Application Deadlines: Oct. 6, 2008; Nov. 17, 2008; Jan. 12, 2009; Mar. 23, 2009
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04/20093.00Entrepreneurship
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3/25/20092009 Cornell Johnson MBA Waitlist with Randall Sawyer
10/13/20082009 Cornell Johnson MBA Admissions with Randall Sawyer
2/27/20082008 Cornell Johnson MBA Waitlist Chat with Randall Sawyer
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2/28/2007Cornell Johson Wailist Chat with Randall Sawyer
12/14/2006Cornell Johnson MBA with Ann Richards
10/11/2005Cornell MBA with Ann Richards
1/7/2004International MBA Admissions Chat
11/5/2003Cornell Johnson with Natalie Grinblatt
11/11/2002Cornell Chat with Natalie Grinblatt
2/19/2002Johnson (Cornell) Chat


The following editors have had clients accepted to this school:
Linda Abraham
Paul Bodine
Cindy Tokumitsu
Jennifer Bloom
Sheila Bender
Sonia Michaels
Judy Gruen
Tanis Kmetyk
Sachin Waikar
Inge Miller
Michelle Stockman
Robbie Walker
Natalie Grinblatt Epstein






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