Austin Elite Prep - GRE Prep Classes

Applications to masters' programs have continued to climb from 2021 to 2022.
> Colleges and universities exclusively offering master’s degrees saw an 18.8% increase in applications.
> Enrollment in master’s-level colleges and universities rose by 2.5%. In comparison, enrollments in doctoral programs declined by 6%.
> Nearly 3/4th of total graduate enrollments were in master’s programs (the rest in PhD, medical school, and other professional programs).
> Business, health sciences, and education programs had the largest enrollments.

Despite the increased applications for masters' programs and more difficult competition, we believe that GRE score averages at grad schools are holding steady, for now.

Read more about graduate school statistics at Inside Higher Ed: https://www.insidehighered.com/news/admissions/graduate/2023/10/18/graduate-enrollment-slows-even-applications-surge

Graduate enrollment slows, even as applications surge Enrollment fell by 4.7 percent in 2022, with particularly steep drops for doctoral programs at top research universities—a possible sign that higher ed’s enrollment crisis is reaching the graduate level.

Which business schools should you apply to? Which school should you accept (if asked)? MBA applicants often rely on rankings to help make those types of decisions. If that's you, we recommend a deep-dive deeply critical analysis of MBA rankings by Poets&Quants: https://poetsandquants.com/2023/07/26/the-absolute-worst-mba-rankings/

Here are few snippets of the extensive P&Q critique:

Bloomberg Businessweek: "Yale School of Management Deputy Dean Anjani Jain ... was unable to replicate the magazine’s ranking using the weights the editors applied to the metrics employed to create the list."

QS Global MBA Ranking: "The study by Igor Chirikov, director of the student experience at the Research University Consortium at University of California, Berkeley, 'finds that frequent contracts for services from QS contribute to a substantial increase in the rankings of universities. ... [Rankers] are likely vulnerable to an unconscious self-serving bias also reported by the studies of the conflict of interest among auditors.'"

CEOWORLD: "The publication never discloses the response rate for its survey nor the total number of people who actually completed the questionnaire."

Fortune Magazine: "A so-called 'brand survey' [is] little more than a popularity contest."

As always, we urge all of our students to make the extra effort to contact schools individually, visit MBA events, and read school employment reports. When using MBA rankings, find out what exactly the ranking is based upon, and do not make decisions entirely based on rankings.

(shared from a post by our sister company Austin GMAT Review)

The Absolute Worst MBA Rankings Rankings of everything have become an obsession of sorts. In the MBA world, there are good ones and bad ones. Here are the worst

As you study for the GRE, here is some incentive to keep you going: Those with graduate degrees often earn more.

The median usual weekly earnings for full-time workers over the age of 25 with bachelor's degrees was $1,334, according to U.S. Bureau of Labor Statistics data (2021). Weekly earnings went up for those who had gone to graduate school:
> $1,574 for master's degree holders
> $1,909 for those with a doctoral degree
> $1,924 for workers with a professional degree

https://www.usnews.com/education/best-graduate-schools/articles/3-ways-graduate-school-pays-off

3 Ways Graduate School Pays Off An advanced degree can be a smart fiscal and career move, experts say.

The time to take the GRE test will be halved this September. What will this mean for you? Read "The New GRE: Shorter But Not Diminished" - https://www.austineliteprep.com/resources/the-new-gre-shorter-but-not-diminished - to learn
- The Good: The GRE scores will be delivered more quickly!
- The Bad: The shorter GRE test may be a real bear if you're underprepared.
- The Good, Bad, or Indifferent, depending on your graduate school target: You will write one essay instead of two.

Don't fear the GRE, but know what you will face after September.

It's summer, and you've got some red-hot questions on your mind: What is a good GRE score? Can I get that score? Should I take a GRE prep class?

To start answering those questions, read the latest article from Dr. Amar, founder of Austin Elite Prep: https://www.austineliteprep.com/resources/summers-red-hot-question-will-a-gre-prep-course-help-boost-my-score

From our founder Dr. Amar: Congratulations to experimental physicist John Clauser, the former neighbor of Dr. Amar in the UC Berkeley labs at Le Conte / Birge Halls, on winning the 2022 Nobel Prize in Physics.

Dr. Clauser did groundbreaking work in experimental Quantum Physics in the 1970s. Fifty years later, he was recognized for that work with the Nobel Prize.

John Clauser: “What a waste of time, now start doing some real physics!” As a young man, John Clauser set out to topple quantum mechanics, but all his faculty thought he was crazy. "I thought it was important at the time, even tho...