Mba Application Process
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Mba Application Process



MBA Application Process Demystified

MBA Application Process Demystified



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Mba Application Process Presentation Transcript

  • 1. WHAT IT TAKES FOR A MBA ABROAD1 Chethan Mittapalli Babson College Class of 2014
  • 2. AGENDA Why MBA ? Types of MBA Programs Admission Process GMAT Preparation GMAT Material TOEFL School Selection AdCom’s Perspective Concentrations Do’s and Donts Deadlines Questions 2
  • 3. WHY MBA ? Develop more Skills Career Growth Networking Career Switchers Company Sponsored Just for an additional Degree  3
  • 4. DO I NEED A MBA ? Analyze your background and skills Post MBA Career Goals Weaknesses or Missing Skills Can MBA provide me those missing skills ? (Leadership and Teamwork skills, Negotiation etc) School Specialized Learnings Can it give me Career Boost and ROI ? If yes then MBA is for you and start preparing… 4
  • 5. TYPES OF MBA PROGRAMS Full Time MBA (2 years) One Year MBA (mostly in Europe) Executive MBA Online MBA Evening or Part Time MBA Global MBA 5
  • 6. ADMISSION PROCESS GMAT TOEFL or IELTS (Optional for few univs) Work Experience (Typically 5 years) Academics Extra Curricular Essays Recommendations Interviews Visa ApprovalTime Consuming Process  6
  • 7. WHY SO LONG PROCESS ? Admission Committee Perspective  Can the Student handle the academic coursework ?  Why MBA for the candidate ?  Why our college ?  Fit for the school ?  Finally, what does the student bring to the class ? 7
  • 8. GMAT (GRADUATE MANAGEMENT ADMISSION TEST) CAT (Computer Adaptive Test) Total Exam is for a score of 800 (200-800) New Pattern in effect from June or July 2012 Three Sections  AWA(Analytical Writing Analysis) – Two Essays (Old pattern)  Analysis of an Issue (30 mins)  Analysis of an argument (30 mins)  Scores between 0-6 with half pointer intervals  Quantitative  37 Questions – 75 minutes  Scores are in the range of 0-60  Highest score given is generally 51  Data Sufficiency and Problem Solving Questions 8
  • 9.  Verbal Section  41 Questions – 75 minutes  Scores are in the range of 0-60  Highest score given is generally 51  Reading Comprehension  Sentence Correction  Critical Reasoning Target score about 700+ GMAT is very important especially for Indians Register for the test at 9
  • 10. Great GMAT Score might not get you an Admit But Below Par GMAT Score can Eliminate you 10
  • 11. GMAT MATERIAL GMAT Official Guide is a MUST Official Guide 13 released recently Quant  Prepare Official Guide 10,11,12,13  Basic 10th Standard Math and Prepare CAT Quant  Manhattan GMAT Quant is Very Good. Verbal  Prepare all the official Guide Questions  Analyze all the Questions and Answers  Analyze the right and wrong answers. 11  Prepare the OG Verbal Review of All Editions
  • 12.  Sentence Correction  Manhattan SC Guide is a MUST contains all the rules Reading Comprehension  Practice,Practice,Practice  Manhattan Reading Comprehension Book  Aristotle is a good material  Kaplan has very tough passages  Speed Reading would be very helpful. Critical Reasoning  Power Prep CR Bible covers all the question types. 12
  • 13. PRACTICE TESTS Always write complete Tests along with AWA GMAT Prep and Power Prep are the replicas of GMAT Manhattan GMAT Exams are very good Kaplan is also good but Questions higher standard in Verbal Grockit - Online Practice Beat the GMAT,GMAT Club etc are good as well Practice 30 Sets,300 Quant Questions,SC,RC,CR etc.. Start with a PRACTICE Test 13
  • 14. DO’S AND DONTS OF GMAT Give yourself Time and Work on a Date Take the Exam date and start working Gather Material and Familiarize the pattern Practice is very important Target 700+ Look at each School GMAT Requirements Make a Study Plan and Stick with it Don’t Forget the Timing Highest Score is Taken by 99% Schools Practice Tests with AWA 14
  • 15. TOEFL Some schools might ask for TOEFL Total of 120 Reading - 30 Speaking - 30 Writing - 30 Listening – 30 100+ would be sufficient 15
  • 16. SCHOOL SELECTION CRITERIA MBA is a HUGE Investment of TIME and MONEY School Ranking Program Type Faculty Class Size Duration Degree Offered Course Structure Teaching Methodology Scholarship Cost ($100,000 to $160,000 Lakhs for 2 years) Community Location Placements Alumni Profile 16
  • 17. IMPORTANT POINTS Think about why you applied to B-school in the first place What criteria did you use in determining which schools you applied to? How would you rank that criteria? How does each school hold up against that analysis? If you still cant decide, visit or reach out to current students/alums to gain some more perspective. What are the career potentials for that school ? Reputation of the school in the field that you want to specialize Location, location, location Admit rate for foreigners Student activities, especially chances for international travel and hands on exp (other than internships) Entrepreneurship Opportunities Flexible Curriculum Friendly to Young Applicants Class Profile  Class Size  Average Work Experience  Mean GMAT Score  Alumni Profile  Average age of Entering Class 17
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  • 21. ESSAYS Every school typically has 2-4 essays Essays takes a lot of time and effort Give Sufficient time and Get started well before They are very Important part of your application Applications that stand out are ones that complete a good story Consistent story  Why MBA ?  Why now ?  Why our program ?  what you want to get out of the program ?  What does you bring to the program ? 21
  • 22.  Unique about you and why you’re a good fit for our school. Be Professional, know yourself and research the school Personalized stories are the ones that stand out. Editing Consultants could be very helpful Reach out to Alumni and Current students. Customize your Essays to the School Requirements Don’t be Generic Answer the question that was asked Top B-School Essays require a lot of time. Don’t try to be someone you are not Talk about your leadership activities, Extra Curricular 22 Finally, Be What You ARE and Build your Profile
  • 23. RECOMMENDATIONS Choose people close to you rather than big names at your company Highlight different aspects of your leadership ability Dont be too modest Educate them if required Be Available for help as needed 23
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  • 25. INTERVIEWS Opportunity to Demonstrate yourself Discuss your goals, accomplishments, and reasons for seeking an MBA. Skype,Personal or Telephonic. Be Consistent with your essays. SELL Yourself 25
  • 26. CONCENTRATIONS Accounting Advertising Ecommerce Economics Entrepreneurship Finance General Business Hospitality Management Human Resources Information Systems Management International Business Marketing Non-Profit Management Operations Management Project Management Public Administration Public Relations Real Estate Sales Management 26 Supply Chain Management
  • 27. CHOOSING CONCENTRATIONS Think about what you want to do with your business school education after you graduate. Make a list of potential business specializations Talk to people who work in your fields of interest Research potential employers Choose Specialized schools for your concentration 27
  • 28. DEADLINES Take GMAT asap  Don’t wait for deadlines (5 Years valid and Highest Score Taken) Admissions process can be rather extensive. Most Schools have admissions for FALL Some do have for Spring. FALL is always advisable Apply to your school of choice as soon as possible. Attend MBA Fairs and talk to people. Start Networking Most business schools  either two or three application deadlines/rounds  Applying in the first round will increase your chances of admission, because there are more empty spots available  Internationals advisable by 2nd round.  By the time the third round has commenced, many students have already been accepted, which lessens your chances considerably. How Many Schools to apply ?  Typically 8-10 would be good with right mix of Safe, Reach and Dream 28 Schools.
  • 29. TOP SCHOOLS CLASS PROFILE Class Size varies on Schools Fees would be 50-80 Lakhs Acceptance Rate is around 10-30% Mean months of work experience : 58 months Median Age of entering classes : 27 Median GMAT Score : 700 Internationals in the class : 20-30% Diverse Work experience would be fetching 29
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  • 31. Questions ? 31