What Do I Need to Know About Business School Admissions?

If you want to start your own company or advance in the contemporary business world, you might be interested in pursuing a Master of Business Administration (MBA) degree. Read on to learn more about business school application requirements, the interview process, financial aid options and alternative actions if you're not admitted to the program of your choice. Schools offering Business degrees can also be found in these popular choices.

Business School Admissions Materials

If you're thinking about applying to MBA programs, your applications should present your complete academic profile. This can include transcripts from previous undergraduate or graduate institutions, along with a resume that details your work or volunteer history. You'll also usually need to submit Graduate Management Admission Test (GMAT) scores, personal statements and letters of recommendation. Many schools allow you to submit Graduate Record Examination (GRE) results in place of the GMAT scores.

In general, your business school applications should highlight your academic successes through high test scores, a competitive GPA and a history of leadership. Many schools also recommend that you highlight your unique personality or any personal challenges that you have overcome. Some MBA programs require you to have at least 2 to 3 years of work experience before you apply. These programs often place particular emphasis on your resume and require that at least one of your letters of recommendation be written by an employer.

Important Facts About MBA Degrees

Common Courses Core courses may include business communication and strategy, leadership skills, and operations management, while electives may include corporate strategy, data analytics, and fixed income.
Specializations Brand management, accounting, entrepreneurship, real estate and marketing analytics, among others
Online Availability Full programs are offered.
Possible Careers Financial manager, information security analyst, management consultant, software developer, marketing manager

Interview Procedures

In many instances, business schools will invite you to interview with their admissions staff if the program considers you to be a competitive applicant. The interview is a chance for the school to learn more about you and for you to discover more about the school's particular advantages. If you're invited, you'll likely spend no more than 30 minutes talking with a program representative, either on campus or in a region close to you. The interview will provide you with an opportunity to discuss your past leadership experiences, to demonstrate your communication skills and to ask important questions about the program.

Financial Aid Applications

If you won't be able to pay for your MBA tuition out of pocket, you should apply for financial aid while completing your business school application. Many programs offer educational loans, scholarships and fellowships. While you'll have to pay back any loans you take out, you won't have to pay back any money that you earn through scholarships and fellowships. These forms of financial aid are merit-based, which means that they are offered to students who have demonstrated the most achievement and potential for success compared to other applicants.

Reapplication Process

If you don't get into the MBA program of your choice, schools might encourage you to reapply the following academic year. In some cases, a school will require you to re-do your application again in its entirety. However, some programs will keep most of your information on file for a certain number of years so that you won't need to re-submit transcripts or test scores unless you choose to do so.

In these cases, the only documents you'll need to re-submit are personal statements and letters of recommendation. Programs generally encourage re-applicants to submit any additional documents that demonstrate how they have become stronger MBA admissions candidates in the past year.

To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below:

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