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Published on: 5/26/2000
Last Visited: 8/25/2002
In business education, the growing price of an MBA ranks as a big obstacle for minority students, according to Jorge Rivas, administration director for the National Society of Hispanic MBAs (NSHMBA) in Dallas.One solution is superior performance on the Graduate Management Aptitude Test (GMAT)."Most scholarship programs take GMAT scores into account as a tool to get elite students to apply," says Mr. Rivas.Schools or scholarship programs often have a GMAT threshold for obtaining financial aid.
MBA educators have packaged their services by watching market trends.Most MBA schools now offer late-night or weekend MBA programs for mid-career executives.Special-track MBAs have become the norm.Mr. Rivas says that among NSHMBA members, favorite fields of specialization are marketing, human resources, and general administration.Bilingual students often see international business "as a bridge back to their home country."The University of Miami even has a program taught completely in Spanish, designed for mid-career executives from Latin America.
While geography matters little for MBA graduates - Mr. Rivas says the degree is highly mobile, and corporate recruiters often pay moving expenses for the right person - location plays a role for schools.More than half of the Hispanic Business Top 10 Business Schools are in Sunbelt states with large Hispanic populations.The Top 10 Law School list shows even more concentration, with seven schools in the Southwest and nine in highly Hispanic states.
Top law and business schools maintain an extensive Internet presence that allows prospective students to research their options online (see box).But in the end, the choice of a college remains a gut decision.