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How to get into the best MBA programs in the world
GMAT prep, MBA applications, selecting business schools in USA, Canada, India, UK
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n overwhelming number of international MBA aspirants have queries related to the admissions process for international business schools. The levels of awareness vary considerably, depending on where they are in this race. There are those who ve done a little bit of research in the areas of schools, entrance tests, essays, recos but not enough to provide a complete picture. Then there are those who are somewhere midway in the process ( I ve got a GMAT score. Now what? ). There s also a section that wants a confirmation of whether they are heading in the right direction.
Based on our several years of experience in this field, we ve tried to create a generic list of steps that a new candidate could consider. This is not a perfect list (it ll be impractical to even aim for something like a perfect list ), but we are hoping many candidates would be able to use it as a starting point and customise it based on their current status and career objectives.
How to get into the top international MBA programs
Is an MBA worth the time and money?
This simple question could be the most difficult to answer. Some aspects that ll help you address the why MBA query. Look at your current situation and evaluate in objective terms what is good and what is missing. Is it money, job satisfaction, growth prospects, unmanageable workload, stress, international prospects ? Expand this list based on your personal situation.
Now for each of these areas, see if an international MBA will make a considerable difference to your status. Also think about alternative options that ll help you reach your goals. Think about the risks involved and how you d be able to tackle them.
Some good tools to help you in the process:
Beyond The MBA Hype A funny, audacious and revealing look at the MBA industry. Goes beyond the glossy brochures and websites to provide the inside dope.
Managers Not MBAs Prof Mintzberg s book that takes a critical look at the degree
What Color Is Your Parachute? A book that addresses many questions for Job hunters and career changers
MBA discussion forums: You ll find a lot of queries related to this phase with helpful responses.
Find a good mentor: It could be a relative, a friend, a colleague or a good MBA coach who is aware of the process and can give you solid advice. In a stormy environment, they can be the proverbial candle in the wind.
Related articles:
6 Benefits of getting an international MBA degree
Types of jobs after MBA in Marketing, Finance, Operations, Technology
Is an MBA necessary to succeed in life?
Is an Executive MBA (EMBA) worth it?
Selecting the right business schools
We are talking about the ever-popular queries on discussion forums What are my MBA admission chances? or the re-phrased Which business schools should I apply to?
Rather than relying on others to give you quick (and meaningless) business school recommendations, take some time out to do the research.
Identify your strengths and weakness in the academic (undergrad grades, awards, achievements), professional (quality of work-ex, career growth so far) and personal dimensions (personality, soft-skills, general knowledge):
Look at the top b-school rankings: Rankings published by Financial Times, Business Week, Economist Intelligence Unit are good starting points
Study the websites of a few schools listed in these rankings. Choose a mix of schools in the top-10, top-20, top-50 and top-100 categories. See if you can identify a pattern.
For these schools, look at the web-page that says Current Class Profile . This should give you a fairly good idea of the entry barriers there.
Tools: Business school rankings, School websites and of course our ever-popular Profile evaluation and strategy (MBA MAP) tool.
Related articles:
Best ranking business schools in the world
Official MBA Admissions team interviews
How to select the right business schools for your MBA
How NOT to select business schools: MBA application don ts
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