Showing posts with label international mba. Show all posts
Showing posts with label international mba. Show all posts

How many B-Schools should you apply to?

With so many reputed management institutes offering interesting programs, it can be very tempting to apply to all the top programs hoping to get admitted into one. In fact, to save time, money and effort, an aspirant should apply to select programs that are aligned with their interests.
Recent research has shown that MBA applicants plan on applying to six, seven or even more programs after taking the GMAT. The same research, however, has concluded that three to five schools might be in the applicants’ best interests to save them serious stress and the possible fixation on a school that may be out of reach.
Picking three to five schools can be a difficult task unless you’ve got a perfect GPA, amazing work experience and a GMAT score through the roof.
  • Choosing schools with a larger student body might help your chances, as well as aiming for top programs that have a slightly lower median undergraduate GPA or a wide GMAT score range. It is also recommended to choose three to five very diverse, different schools to widen the opportunities offered.
  • It is also extremely important to focus in on your specific field of interest. Stanford and Harvard business schools are prestigious, but did you know that some programs that rank lower might be tops in Accounting or Executive specializations?
  • Make sure that you are not too focused on a school just because of its rankings or prestigious alumni! As with your undergraduate applications, make sure your MBA programs vary in competitiveness but are all schools that you would be thrilled to attend.
  • Start with a big list of schools but narrow it down based on location, specializations, admissions requirements and coursework. Nearly every program posts its average undergraduate GPA, the median and range of GMAT scores for its applicants and the percentage of applicants that are admitted.
Thus, considering these factors will ensure that you will be a happier and a less stressed applicant and you will know more about each of the schools that you choose to apply to.

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Applying for an MBA? Market yourself effectively


The difference between the acceptance and rejection of your application could very well depend on how you fare at the interview. Despite the excellent credentials if you are not able to market yourself effectively, you could be looking at rejection.
Thus selling yourself plays the primary role in your success and this fact has to be accepted and worked upon.
Understand your target market:
Like any marketing professional would do while undertaking a project, understand your target market. Your B-school application process should always start with a thorough research about the B-schools, online and offline (if possible). Interaction with the current students and alumni will give you some deep insights about the school.
This would help you to articulate your reasons for application and convince the panel about the same. The panel will definitely be impressed if you cite certain experiences acquired during your research process.
Positioning is the key:
Every school focuses on training their students and thus transforming their career. However, these schools have certain needs of their own. After all, they have a business to run. They would be pleased to receive donations and other non-monetary help from their alumni.
For example, a B-school may introduce a new elective and would want applicants for the same. A smart applicant would show some interest in the new program introduced and thus may increase his/her chances of getting through.
Differentiate yourself:
With thousands of applications every year, candidates may find it very tough to differentiate themselves from others. The essay portion of the application is a crucial aspect which if accompanied with excellent examples about the personal experiences will impress the panel.
Don't be afraid of failure: 
Failure is often looked down at in our society. When it comes to highlighting your strengths, candidates have no problem at all. But when asked about their failure, candidates tend to be uncomfortable and slightly hesitant.
The key is to be honest and talk about your failures openly. Your recovery from this failure and learning from it is what the panel is more interested in.
Although negotiating your acceptance into a top MBA program seems daunting, by showcasing your individuality, you can do so with success. Research each institution and understand how your personal strengths and differences can benefit the programs of your choice.
Take advantage of the application's essay portion to illustrate your unique qualities, and don't shy away from discussing your weaknesses, as well as what you've learned from moments of failure. Effective marketing can take your application from good to great—and make all the difference in this highly competitive process.

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