How competitive are MBA admissions?
Or, how easy is it to get into a good MBA school?
Hundreds of thousands of MBA degrees are awarded each year. Latest statistics show a sharp rise from the volume of degrees granted from less than 5,000 in 1960 to more than 100,000 in the year 2000. Judging by this figure, you can just imagine the thousands of aspiring MBA students that apply for admission each year to advance their education and their careers. The economy is instrumental in this upbeat trend in MBA enrollment as fresh graduates and displaced workers usually aim to earn a master’s in business administration when business does not perform well.
Applying for a slot in an MBA program is very challenging and the competition is stiff among applicants. This applies to any type of MBA whether full time, part time, executive, online or distance learning. Since many of those wishing to pursue an MBA degree are already experienced in their own fields, potential students compete among the best of the best. You need to be armed with attractive credentials both academically and professionally to be able to win a slot. And the earlier you apply, the better your chance of being considered into the program.
Admission officers are rigid in screening your submitted documents. Make sure then that the requirements you pass to the school are complete and, if possible, the best. A good GMAT score is one of your keys. Your past and present work experience, especially if it includes extraordinary ones, is another. Apart from those, what will matter greatly are your application essays and letters of recommendation. Essays are important because it gauges your English writing skills and your ability to express yourself. The details of your work experience, notably the unique ones, as well as its relevance to your pursuit for an MBA degree should be included. Honesty is vital so feel free to point out your weaknesses and the efforts you are taking to address them.
To find out for yourself how competitive the atmosphere is in the business school you are eyeing to be in, do make a school visit. Do this before submitting your application requirements. You can stay there for one whole day, attend classes or have lunch with the students. You can even interview some students about their experiences in applying to an MBA program. This personal visit can also help you in your essay.
Do your research beforehand to ensure a successful admission. Remember there are thousands of applicants each year from several countries. Not only that, you are also making a major decision that will affect your personal life and your professional career. You will also be spending thousands of dollars in tuition hence, being complacent is a no-no. If you so desire, you can get an admissions consultant who can help you formulate your personal strategy for a successful admission to an MBA program.
