Monday, November 28, 2011

Gre At B-Schools

Graduate Record Examination (GRE) has always been associated with graduate programs leading to MS and PhD degrees in Engineering, Arts & Sciences programs. The recent advancements in the world of test-taking, the GRE now paves the way for you to apply for an M.B.A. as well. Earlier the Graduate Management Admissions Test (GMAT) was the only valid test for applying for an M.B.A. program; with GRE eyeing its turf, GMAT surely has something to think about.

The acceptance of GRE at B-Schools might be a threat to the GMAT monopoly, for applicants who are considering both business schools and masters or PhD courses; it is equivalent to a boon.

Some of the reasons why students wouldn’t mind opting for the GRE over the GMAT would be:
1. Cost-Effective: GRE comes at a cheaper price of $140 for domestic U.S. and $170-$195 for international applicants as opposed to the $ 250 charged for the GMAT

2. Multiple Avenues: Opening avenues for themselves, students would opt for the GRE so as to be able to opt for courses such as MBA, Marketing etc. offered at business schools and other graduate programs in economics etc.

3. Accessibility: GRE offers applicants extensive test centre network in 165 countries worldwide GMAT test centres access in 110 countries.

  GRE = GMAT ?

The GRE might just be a better option keeping the above-mentioned factors under consideration; however, a big question arising out of this discussion is how would GRE scores be converted to GMAT scores?

To provide an answer to this vital question and assist admission professionals to compare the GRE and GMAT verbal and quantitative test scores, ETS has devised an interactive GRE comparison tool for B-Schools. The correlation between the GRE and GMAT is very high with both measuring similar skill sets in students: critical thinking, analytical writing, verbal and quantitative reasoning.   
The tool is extremely simple to use, to be able to predict the GMAT score for an applicant, one would need to simply enter the GRE Verbal and Quantitative Reasoning scores and view the GMAT Total score.

The acceptance of GRE scores at B-schools earlier was limited to a few schools like Stanford and MIT Sloan. With five of the top 10 MBA programs across the globe accepting GRE scores, the list now features more than 190 business schools including many top-ranked MBA programs in Europe, Asia and North America.

Harvard Business School (HBS) accepting the GRE for its 2+2 program is the latest addition to the list which comprises of schools like China Europe International Business School (CEIBS), Instituto De Empressa (IE), Queen’s School of Business, INSEAD amongst others.

Thus, in the world of possibilities and options there is yet another addition, to opt either for the GRE or the GMAT while planning for an MBA.

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Ph.D. Education: A Global Glimpse

Doctor of Philosophy, abbreviated as Ph.D. is the highest academic degree awarded by institutions. A Ph.D. degree is a requirement for a career as a university professor or researcher in many fields. A requirement for awarding the Ph.D. is the submission of a thesis or a dissertation consisting of original academic research which can be published. Following is a glimpse in to Ph.D. education in different countries of the world.



UNITED STATES: (Duration: 4-8 years)   
A Bachelor's degree in a relevant field and in some cases a master's degree along with standardized tests like GRE, GMAT & TOEFL is what makes one eligible to apply for a Ph.D. in U.S. A doctoral degree in US typically undergoes 3 phases with the first phase requires students to complete coursework in the field of study. This is followed by a preliminary examination or a series of examinations emphasizing on the breadth of the knowledge gained. The student is often required to pass oral & written examinations in the desired area of specialization highlighting the depth of acquired knowledge. The completion of an original piece of work in the form of a written dissertation requires another 2-4 years. This again is followed by an oral examination conducted by the student's supervisory committee. Ph.D. students in US universities usually receive a tuition waiver and some form of annual stipend. This amount of financial assistance varies from university to university depending on the field of interest. Graduate students work as Teaching Assistants or Research Assistants while they are pursuing their doctoral studies.


UNITED KINGDOM: (Duration: 3-4 years)     
U.K. universities require applicants to have completed an undergraduate degree with at least an upper second-class honours or a postgraduate master's degree along with TOEFL/IELTS to be eligible to apply for a Ph.D. program. Funding in U.K. is usually provided by the government funded Research Councils or European Social Funds and is then allocated to a particular department or research group, which further distributes it to selected applicants with the best research proposals, references & research backgrounds keeping the minimum requirements under consideration. There is usually a first year assessment to assess that the student has learnt the necessary knowledge for successfully working on their Ph.D. This first year assessment could be a Certificate of Postgraduate Studies.


CANADA: (Duration: 4-6 years)     
Securing admission at a Canadian university for a Ph.D. program usually requires the completion of a Masters degree in a related field with a sufficiently high academic record and research ability. Students applying to Canadian universities need to establish their English proficiency by taking tests like TOEFL/IELTS. Being similar to the US education system, an applicant needs to clear the Comprehensive or the Qualifying Examination to be able to move onto the Ph.D. degree level. This examination usually takes place in the second year of the graduate program. Upon successful completion of the Qualifying examination the student can proceed to the remainder of the graduate program. Most doctoral students receive an award equivalent to the tuition amount for the first four years, also known as tuition deferral or tuition waiver. Other funding sources such as Teaching and Research Assistantships are also available to students.




GERMANY: (Duration: 1-4 years)   
In Germany a Masters degree or a Diploma is usually required to be able to secure admission into a Ph.D. program with good grades or a degree in a related field as additional requirements. The GRE is required by the top universities and is strongly recommended for other universities as well. A student would require a tenured professor to serve as a formal guide/advisor (known as Doktorvater) throughout the doctoral dissertation. With independent research being conducted under the guidance of the supervisor, a large number of doctoral candidates work as research or teaching assistants on a competitive salary.


AUSTRALIA & NEW ZEALAND: (Duration: 3-4 years)        
To be able to apply for a Ph.D. program in Australia & New Zealand an applicant should have completed a bachelor's degree or a higher degree such as a post graduate Master's degree. Obtaining a Ph.D. position usually requires applicants to have a First Class Honours, with the acceptance of a Second Class Honours in most cases. In a scenario where a student does not have either a First or Second Class Honours, applying for the Research Master's course and later upgrading to Ph.D. works just as well. Though Australia offers a variety of scholarship options to its Ph.D. students, the limited availability of funds add to the competitiveness of acquiring them. International students must pay course fees, unless they receive a scholarship to cover them.

Even though each country has specific requirements in terms of standardized tests like GRE, GMAT and English-proficiency examinations like TOEFL and IELTS for applying to a Ph.D. program the overall process for acquiring a Ph.D. pretty much remains the same across the globe.

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