Saturday, October 26, 2013

MBA application process

Many people are now opting for B-school/MBA program. These people have different reason for going for a MBA program. Whatever may be your reason you need to do certain things before you get an admission into any B-school. Here I'm going to explain  these per-requisites and alternatives if any - 

GMAT/GRE -
Most B-schools need to analyze you from the highly competitive pool of applicants; thus they use the score of standardize test. Few years early GMAT was the only acceptable standardize test that global B-schools were accepting for the evaluation of applicants, however, now many schools are accepting the GRE as well. Most of the people stuck between the dilemma to take GMAT or GRE. The confusion is basically on the preference of which standardize test score schools will favor. The truth is most B-school actually don't have preference between GMAT and GRE score, however, there are many B-schools which don't accept GRE scorecard. So if you are opting for GRE , make sure your school do accept the GRE score. For this reason most of the applicants opt for GMAT exam.

Now, another question rises is what is the safe score to get into top B-school? The answer is there is no safe score, there are lots of applicants who got rejected from School like Harvard, Stanford, Wharton, etc. for a great score such as 780 and there are applicants who got into these same school with the score of 500 only. Surprise, well yes it actually not that surprising as most of the admission experts says that your GMAT/GRE score counts for any 20-25% of your chances of getting into any B-schools. So what is the rest of the percentage account for? The answer to this question is explained in next point.

School Essays - 
Once you're done with your GMAT/GRE exam, you need to submit your application to each B-school separately. Every B-school has different procedures that includes essays, recommendations, resume, interviews, and in some cases video introduction. B-school have round system in which they accept application from candidates, evaluate these application against applicant of the same round and declare the results. An applicant can be accepted, rejected or wait-listed, depending on his competitiveness with rest of the pool of applicants. This here is a very important point, as applying in the early round can make your chances stronger to get into B-schools as many people opt for round 2 or 3 usually. But at the same time even with your strong credentials if you apply in the later rounds you may get yourself a rejection because as the round passes B-schools become very picky. 

Applying to B-school is a very tiresome job when you are working full-time and wanted to deliver a standout application so that your dream school can't reject you. So how should you balance every aspect of your B-school journey? I'll explain this in my next post.

Let me know if you find my post useful by leaving your comment below.