Many jobs in business these days require a Master in Business Administration (MBA) degree. If they don’t require it, an MBA surely helps. Some of the best-recognized MBA programs in the world are offered in the United States. The quality of faculty, the diversity and caliber of students as well as the overall approach of such programs that blends theory and practice, are all hallmarks of American MBA programs.
What you should know:
All business schools want a well-rounded class since, among other reasons, most of the work done is through group projects and assignments. Group discussions benefit from the contributions of different points of view. In other words, B-schools do not want only investment bankers and financiers. They want a wide range of work experiences, and welcome international students.
The highest competition is among candidates coming from finance and consulting. Generally, higher GMAT scores will be required if you are from one of those. About two-thirds of B-school classes are in these categories. The rest are recruited from other fields, such as:
- non-profit sector
- development work
- technical professions
- doctors, lawyers
or any discipline where you can show a need for knowledge of business models, theories and thinking. B-schools love people that can bring new perspectives and depth to the overall class.
What you need to apply?
As an MBA candidates you will be selected on the basis of 7 Criteria:
- GMAT SCORE: Top-tier MBA schools demand top scores. Excellent schools demand decent scores. Each school posts its statistics.
- MBA APPLICATION ESSAY: A great essay can compensate for a not-so-great score. If you GMAT is not top-notch, focus on a well-thought out, outstanding essay. A top essay can beat a competitor with a top GMAT score.
- UNDERGRAD GPA: This can be very important or not so important depending on the rest of your application and the quality of the school you attended.
- WORK EXPERIENCE: Schools want both the right TYPE of experience and the right AMOUNT of experience. “Amount” can often beat “type.”
- MBA DEADLINES: When you submit your application can be as important as what is in it. For top schools, you are advised to be in one of the first two rounds.
- RECOMMENDATIONS: Different schools view this factor’s importance differently. In any case, you should do your best to get a substantive, outstanding but realistic recommendation.
- INTERVIEWS: These can be important or not, depending on the school.