December 2017 Fed Rate Hike: What It Means for Your CDs

Federal Reserve rate hikes, such as today’s 0.25 percentage point increase, can lead to higher annual percentage yields on certificates of deposit, or CDs. Some online-only banks have already increased their rates after the Fed’s last few hikes. If you own a CD — often called a share certificate by credit unions — here’s a look at what…

from NerdWallet
https://www.nerdwallet.com/blog/banking/cds-fed-rate-increase/

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Fed Rate Hike: What It Means for Student Loans

The Federal Reserve raised interest rates on Wednesday. And while the hike will likely increase rates for credit cards and mortgages, it will affect your student loans only if they have variable interest rates. If your rates are fixed, as most are, you can let out a student-loan-sized “phew.” Your rates are locked in forever, regardless…

from NerdWallet
https://www.nerdwallet.com/blog/loans/student-loans/fed-rate-hike-student-loans/

The Naughty and Nice of Holiday Shipping and Returns

Online shoppers will pay close attention to at least two things this holiday season: shipping costs and return deadlines. Nowadays, free shipping during the holidays is more of a requirement than a competitive advantage for retailers, according to Christopher Newman, an assistant professor of marketing at the University of Mississippi. “Retailers don’t necessarily benefit a…

from NerdWallet
https://www.nerdwallet.com/article/naughty-nice-holiday-shipping-returns/

Writing Your Career Goals Essay

Writing Your Goals Essay

Writing Your Goals Essay

In our How to Write Exemplary Application Essays blog series, you’ll learn how to create exemplary essays by analyzing sample successful application essays.

A career goals essay, similar to the graduate school statement of purpose that we discussed in a previous post in this series, demands a laser-like focus. Unlike personal statements, which may discuss career goals but also allow for more flexibility in content, the career goals essay has a specific and packed agenda. In fact, most career goals essay questions contain several questions in one, so make sure to address each of them. (For example, some ask “Why is now the right time for you to earn this degree?” or “What do you hope to gain from the XYZ program?”) Your essay must have a theme, of course, but should also do the following:

1. Highlight specific achievements. Choose among the experiences you have had, either at work or through a community or extracurricular activity, that will showcase your leadership, creative thinking, and collaborative abilities.

2. Explain why your career goal makes sense in light of your experiences and influences so far.

3. Demonstrate why you are suited to a particular field as a result of your education, experience, abilities, and enthusiasm. Ideally, the material you choose to include will also allow you to demonstrate your knowledge about industry trends, and point to how your particular abilities can help make a contribution to that field.

That is a very tall order.

Let’s see how this was achieved in this sample MBA Goals Essay.

Based on the previous two posts in this series, you’ll easily recognize why the opening is attention-getting for all the right reasons. The writer introduces herself as the supremely busy executive she envisions herself becoming in the future. She trades large amounts of stock, then dashes to a teleconference, rushes down the stairs, hails a taxi, then catches a plane. With all those busy verbs, we can practically feel her heart pumping as she rushes towards her flight.

She establishes her theme in this opening, and then gives the context for her MBA goal. Notice that in writing about her work as an accountant for a major firm, she provides relevant details, including how many years she has been in this field, her bilingual abilities, and specialty area as an auditor. This is the springboard from which she explains why she is pursuing the MBA – her role as an accountant is too limited for her to achieve her career goals as a money manager.

Outstanding career goals essays don’t simply list what the applicants have done and what they want to do; they also convey real enthusiasm for the applicant’s career choice. This writer achieved this in the first paragraph and returned to it at the end where she painted her idealized (if frantically busy) future. She also proved her seriousness by registering for CFA examinations.

Some career goals essays also ask why you have chosen that particular school. If you are faced with such a question, make sure to leave enough room to write knowledgeably and enthusiastically about that specific program. This will be easier if you have made campus visits, attended student recruitment meetings, participated in forums, read school blogs, communicated with current students or recent alumni, and otherwise familiarized yourself with the program and the courses and specializations it offers that are relevant to your goals.

Summary Tips:

• Focus on answering each and every question asked (usually there is more than one), and try to balance the amount of content for each. For example, if you have a four-part question, plan to use about 25% of the word count on each of the four parts.

Be specific when writing about your experiences so that your achievements and motivations are clear and compelling.

Do your homework about why the school is a good fit for you so you can write about it with genuine enthusiasm.

In the next post in this series, we’ll show you how to take all of this advice and turn it into an exemplary first draft.

Work one-on-one with an expert who will walk you through the process of creating a slam-dunk application when you check out our catalog of application services. Our admissions consultants have read thousands of essays and know the exact ingredients of an outstanding essay.

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Related Resources:

Why MBA, a free guide to help you determine your MBA goals
7 Signs an Experience Belongs in Your Application, a short video
Focus on Fit, a podcast episode

The post Writing Your Career Goals Essay appeared first on Accepted Admissions Blog.

from Accepted Admissions Blog
https://blog.accepted.com/writing-career-goals-essay/

Top MBA Program Average GMAT and GRE Scores [Infographic]

top_mba_program_average_gmat_gre_scores

Average GMAT and GRE scores at top MBA programs

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Top 10 MBA Program Average GMAT Scores

The GMAT is a computer adaptive test that assesses certain analytical, writing, quantitative, verbal and reading skills. Used for admission into graduate management programs.

1. Stanford GSB – 740

2. Northwestern (Kellogg) – 732

3. UPenn (Wharton) – 730

4. Chicago (Booth)  – 730

5. Harvard – 729

6. Yale SOM – 727

7. UC-Berkeley  (Haas) – 725

8. Columbia – 724

9. MIT (Sloan) – 722

10. Dartmouth (Tuck) – 722

Stanford GSB has set the highest record for it’s incoming MBAs with a 740 GMAT score.

Top 10 MBA Program Average GRE Scores

The GRE is a standardized test that is an admissions requirement for most graduate schools in the United States. It tests verbal reasoning, analytical writing and quantitative reasoning.

1. Stanford GSB – 329

2. Yale SOM – 328

3. Virginia (Darden) – 326

4. NYU Stern – 324

5. Georgia Tech (Scheller) – 324

6. Carnegie Mellon (Tepper) – 323

7. Michigan (Ross) – 322

8. Dartmouth (Tuck) – 320

9. Cornell (Johnson) – 320

10. UCLA (Anderson) – 320

There has been an uptick in the number of MBA applicants submitting and getting in with GRE scores at top MBA programs. Boston University’s Questrom School of Business grabbed the lead with 42% of the 2016 intake accepted based on their GRE scores.

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The post Top MBA Program Average GMAT and GRE Scores [Infographic] appeared first on Accepted Admissions Blog.

from Accepted Admissions Blog
https://blog.accepted.com/top-mba-program-average-gmat-gre-scores/