Things Mba Students Should Know
If you have thought about going back to school to pursue a Master of Business Administration degree (MBA), there are some important things to consider and some tips that could make your transition go a lot smoother:
-First, you should know why you want an MBA and from which school you want to attain it. Hopefully you'll get into your first overall college choice, but have a few backups planned just in case.
-Letters of recommendation are a crucial part of the application process, so think carefully about who you want to write them. Review your application strategy and select recommenders who can write about the areas that will be important for you to cover. You should also meet with your recommenders and inform them of your current career progress and your reasons for seeking an MBA. It is more important that your recommenders are actually familiar with your work than it is to try to make a good impression by choosing big name recommenders, such as a CEO or a business owner, who know very little about your work or character.
-Make sure you fully understand the application (it won't hurt to reread it before you actually start filling it out), and submit all the requirements on time.
-When writing the essay(s), stay on topic. Your essay could make or break the selection committee's decision to accept you into their program. Take some time to develop your approach, and write your essays properly.
-Some schools don't put much emphasis on your GMAT score, but try to earn 700 or higher just to be on the safe side. And to ensure that you pass the GMAT the first time, register for a preparation course and ask people who have already taken the exam for some advice.
There exists some caution that an MBA from a school that is not one of the top-ranked business schools may not be worth the investment. If you have similar concerns, take extra time to do some research. Don't let Harvard, Stanford, and the like discourage you from getting your master's degree.
Whichever school you decide to attend, weigh the variables. Salary lost for two years while out of the workforce, student loan amounts, and the cost of attendance are important variables that will affect your life for a few years. The estimated salary a graduate from that school can expect must be enough so you can handle the financial aspects and validate your decision to invest in an MBA.
-First, you should know why you want an MBA and from which school you want to attain it. Hopefully you'll get into your first overall college choice, but have a few backups planned just in case.
-Letters of recommendation are a crucial part of the application process, so think carefully about who you want to write them. Review your application strategy and select recommenders who can write about the areas that will be important for you to cover. You should also meet with your recommenders and inform them of your current career progress and your reasons for seeking an MBA. It is more important that your recommenders are actually familiar with your work than it is to try to make a good impression by choosing big name recommenders, such as a CEO or a business owner, who know very little about your work or character.
-Make sure you fully understand the application (it won't hurt to reread it before you actually start filling it out), and submit all the requirements on time.
-When writing the essay(s), stay on topic. Your essay could make or break the selection committee's decision to accept you into their program. Take some time to develop your approach, and write your essays properly.
-Some schools don't put much emphasis on your GMAT score, but try to earn 700 or higher just to be on the safe side. And to ensure that you pass the GMAT the first time, register for a preparation course and ask people who have already taken the exam for some advice.
There exists some caution that an MBA from a school that is not one of the top-ranked business schools may not be worth the investment. If you have similar concerns, take extra time to do some research. Don't let Harvard, Stanford, and the like discourage you from getting your master's degree.
Whichever school you decide to attend, weigh the variables. Salary lost for two years while out of the workforce, student loan amounts, and the cost of attendance are important variables that will affect your life for a few years. The estimated salary a graduate from that school can expect must be enough so you can handle the financial aspects and validate your decision to invest in an MBA.
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