ast year, the top-ranked business schools in the United States – Harvard Business School, Wharton, and Stanford Graduate School of Business – received nearly 23,000 applications. Only 1 in 10 applicants was accepted. Yale Business School rejected 89 of every 100 candidates. MIT Sloan School of Management passed on 86 out of 100.
Given those intimidating odds, how can you improve your chances of getting into your top choice MBA program?
The following will guide you through the entire process and provide advice and recommendations to differentiate yourself among the pool of candidates and put you on the path to MBA success.
MBA Application Overview
The MBA applications process is typically comprised of the following:
- work experience
- personal background
- candidate interview
Your academic record, work experience, and personal history are usually included in the application itself.
Many business schools give prospective MBAs three different application deadlines by separating the admissions season into rounds. Round 1 usually begins in September and runs through November. Round 2 applications are due in January, and round 3 in April.
However, some schools have as many as five rounds. And other programs work on a pure “rolling” basis.
While each round attracts a different pool of students, the vast majority of seats are filled with round 1 and round 2 applicants.
The entire process of applying to business school is long and arduous. You should plan on taking the GMAT in June, and spend the summer and fall crafting your applications, obtaining letters of recommendations, and preparing for interviews.
If you plan on working with an MBA consultant, consider signing up in early summer to give yourself a solid 3-4 months to work on your applications.