タグ: Round 1

MBA school selection

People typically pursue an MBA because they are looking to improve their career opportunities. MBA programs can be compared based on attributes such as rankings, starting salaries, recruitment/ job placement opportunities, and net costs. In addition, there are other factors that potential candidates focus on such as predominant teaching methods, size of classes and location. These are all important considerations; however, you are investing time and money when you complete an MBA program. Therefore, as you start the process, focus on your objectives for getting an MBA.

Where do you begin?

Research extensively the schools you are interested in. Look at the entire two–year experience and determine if the program will give you the skills you are looking to acquire, the resources you need, and the network you want to develop.  Take a look at such attributes as quality of student life, teaching methodology, faculty orientation (research versus teaching), and size of program. Location should also be a consideration because as can be expected, schools in the financial centers can easily attract guest lecturers in the financial services while other areas may offer expertise in areas such as healthcare or luxury brand management.

Understand your profile. Many facts are considered in the admission process, including academic background, professional experience and progression, achievements, leadership potential, awards, hobbies, and test scores.  Your performance in your prior academic program and test scores help shed light on how you will thrive in the program. Another key area that is considered will be your stated goals and how you expect the program to help you achieve them.  Understanding all these areas is the starting point for developing a personal branding strategy and help you stand out among other MBA prospects.

Finally, apply to a wide range of schools. Apply to schools that have higher GPA or GMAT results – “reaches” -as well as ones that have lower ones.  The process is highly subjective and you never know what combination of attributes gets you admitted.

Jumet

 

 

 

MBA Applications: Deciding between Round 1 and 2 for International Candidates

One of the challenges with the MBA application is choosing which round or deadline to apply.  Generally, US MBA programs have up to four application rounds.  However, these rounds are mostly applicable for US applicants.  For international candidates, a different approach is necessary because there is a visa requirement that they must adhere.  Given this, most international candidates are encouraged to apply to either Round 1 or 2.

Regarding choosing between Round 1 and 2, the best advice is to self-assess one’s own background and application progress; then, select the round in which he feels most comfortable applying.  Since candidates only have one application opportunity per school each year, they should ensure that their application is at its highest potential before submitting.

To distinguish the advantages and disadvantages between these two rounds, use the following descriptions as guidance.

Round 1 Analysis

Benefit:  Since Round 1 applications are early, one of the benefits of applying in this round is that an applicant will get his results early as well.  This will provide him with the flexibility to apply to additional MBA programs in Round 2 if his results are not satisfactory.  As such, those who apply in Round 1 with unfavourable results will be able to reassess their application, strengthen any areas of weakness, and develop a stronger application for Round 2.  In essence, they will be able to pace their applications better.   Another benefit is that generally in Round 1, there are fewer people who apply.  Given this, the opportunity to stand out is stronger.

Challenge:   Conversely, the main challenge with Round 1 is that it is an early deadline.  Therefore, depending on when an candidate started his application, he may have less time to develop his goals and essays, strengthen his test scores, and request letters of recommendation.  Also, since most international MBA information sessions and events happen later in the year, this might present a dilemma for the candidate in terms of researching about a school and figuring out his “fit.”

Suggestion:  An international candidate should only apply for this round if he has strong test scores (GMAT/GRE and TOEFL), a clear sense of his goals and aspirations, and sufficient time to research about a school beforehand.    This round is also recommended for re-applicants as it will show their dedication to the school.

Round 2 Analysis

Benefit:   The main benefit of Round 2 is that an applicant is given more time to strengthen his MBA application.  This entails more time to develop his MBA goals and essays, to improve his test scores, to request letters of recommendation, and to research schools.    This extra time may be critical for many candidates as it helps to develop their competitive advantage.

Challenge:  The primary challenge with this round is that most MBA applicants (both domestic and international) will apply during this time.  Therefore, the competition is intense.  Also, given that most schools do not encourage Round 3 for international candidates, this means that applicants who apply solely in Round 2 may need to apply to more schools to increase their chances of admittance.   As such, the pacing of these various applications may be challenging.

Suggestion:  Besides having a strong application (i.e. test scores, letters of recommendation, etc.), an applicant needs to develop stories that help differentiate him from the rest of the MBA applicant pool.  This requires self-analysis and reflection.  Thus, personal branding becomes a critical part of the application even more so than in Round 1.

Posted by Lee Moua