Business school is a challenge, and even with the GMAT under your belt, it’s crucial to be up and running when you start a demanding course. To help you do this, GMAC, the creators of the GMAT, has partnered with Kaplan and created a set of micro-courses called Business Fundamentals for people with little business experience or those who need a little reminder.
Currently, you can prepare for business school by talking to alumni and the careers department, reading the curriculum to identify majors, taking the GMAT, and reading business books.
To further strengthen your preparation for the rigors of business school, GMAC’s Business Fundamentals courses have been introduced to take some of the pressure off.
Business Fundamentals consists of three courses – Accounting, Finance and Statistics – that will help you have an edge whether you are at the pre-application stage or have already registered. Taking classes can give schools more confidence that you can master basic business concepts. Even when you hold a place, classes can help prepare you for a rigorous program.
Business Fundamentals courses are written and reviewed by business school professors – currently they have professors from Wharton, George Mason, Georgetown, Northeastern, UT-Austin, SMU, and the University of Louisville. Each subject includes lectures, quizzes, a practical test and a final test.
Learn more here:
1. Business fundamentals: statistics
Statistics are essential for business school candidates to learn how to make sense of data for decision-making. In this course, students learn the basics of descriptive and inferential statistics in the course and how they are used to inform business strategy. There’s also a lesson on using Excel to manipulate and understand data – an essential skill set for a business career.
The full course topics are Descriptive Statistics, Randomization, Sampling and Experiments, and Probability Theory. In these sections you can learn the basics of databases, how to describe and display data; how to use appropriate sampling techniques; finally, how to evaluate and critique business case studies using statistical tools.
2. Business Fundamentals: Accounting
The accounting course teaches students to become familiar with the language of business. Students learn the framework for describing and valuing a business by analyzing financial statements and learn to differentiate between assets, liabilities and equity, and gain fundamental knowledge of accounting theory, processes and practices .
From this course, you will be able to identify the purpose of the four financial statements and how decisions are made from them, prepare financial statements, and identify the content and structure of statements financial.
3. Business Fundamentals: Finance
Students are introduced to the world of corporate finance through a combination of advanced quizzes, written materials, media, and application-based practices.
From learning the time value of money and measuring business performance to understanding debt and equity and how managers value businesses, the finance course offers insight management finance in the corporate world.
Details for registration
All three courses run at a flexible, asynchronous pace, with succinct content accessible around the clock via computer and mobile and various teaching methods, such as videos, short quizzes, exercises and answer explanations. This means you can learn the content at your own pace and in your own way.
After completing three courses, students should be able to identify how managers measure business performance, list the basic types of debt and equity, perform basic calculations to display these values, and perform a fundamental cash flow valuation in a spreadsheet.
The three Business Fundamentals courses should take 40-60 hours in total. Pricing is $99 for each and $199 for all three, with one year of access to the course so you can refer to content during your program.
“We are excited to provide business fundamentals to help candidates gain greater confidence in their ability to apply, prepare and do well in a business school program so they are ready for Success.” Says Ana Kyper, Senior Director, Preparedness and Preparedness at GMAC.
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