The Best Book On Top Ten MBA Admissions

Want to get into HBS, GSB, Wharton, and other Top 10 MBA programs? Marquis Parker, Jess Wang, and Mike Medrano, all top MBA students, share their secrets!

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Is it too early/too late For Business School?

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Having been through my first year of business school and seeing what I got out of it during my first year, I would recommend having 2 jobs under your belt and at least 3 years of total work experience before applying.

I see a lot of young people who come to business school after just 2 years at a prestigious internship. The main problem with that is you don’t really have enough experience and don’t know enough at that point to get what you want out of business school.

You won’t get as much out of the discussions in class and you won’t be able to network as effectively unless you have a bit more expertise to offer coming in.

So 3 years of work experience is the minimum amount of experience I’d recommend. If you can get 4 or 5 years of experience before coming to business school, that’s even better.

In terms of coming to business school too late, I think once you’re around 30 years old, you’re probably at the far end of what would be a good time to apply. If you wait any longer than that, you’re probably better off staying with your job.

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Program Strengths & Scholarships: Things To Look For In A Business School

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I was pretty gung ho during the applications process. I took the shotgun approach and applied to pretty much every school.

I knew each school would have its strengths and weaknesses, but I figured I’d be giving myself a wider selection if I applied widely. I knew I could handle the extra work from all the applications, so I figured, why not?

I knew I wanted to continue working in technology, but I already had Stanford on my resume, which has a great tech reputation. Since I already had that credibility to my tech background, I had more freedom to choose whatever business school I wanted.

If I didn’t already have Stanford on my resume, I would have definitely concentrated more on getting into either Stanford or Berkeley.

One of the reasons I chose Booth is that they are very quantitatively-oriented. I’m planning on going into the advertising technology industry, so I’ll need experience with regressions and analytics. Going to a quant-heavy school like Booth is definitely respected in the advertising tech industry.

Another reason I chose Booth is I got money to go there. A lot of people don’t realize that there’s actually quite a bit of scholarship money floating around out there. It’s not a ton of money, but it’s a lot more than I expected. Schools will be trying to lure talented students to their campuses, and in a lot of cases, you can benefit from that.

Harvard and Stanford are probably not going to give you money. Schools like Booth or Kellogg, on the other hand, are a lot more active when it comes to giving out scholarship incentives.

Money shouldn’t be your main concern when choosing a business school, but it should still be somewhere on your radar.

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My 4 Main Pieces of Advice for People Preparing for Business School

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#1: Take the GMAT early

The GMAT is generally accepted up to five years after you take it, so if you take it during your senior year or right after college, you won’t have to worry about taking it later.

After a year or two of work life, it’ll be hard to get back into the habit of studying. The best way to avoid this is to take the GMAT when you’re still fresh from student life.

#2: Start Talking to MBA Grads

Business school isn’t for everyone. It might just be better for you to continue working. Or you might want to go to a different type of school.

The best way to find out about what particular business school have to offer is to talk to those who’ve already been through the MBA process. Talking with MBAs is also great in terms of learning application tips for their specific school.

#3: Start Building Your Leadership Experience

If you don’t have any substantial experience in extracurricular involvement, community service, or professional work life, you’ll have an extremely difficult time applying to a top MBA program.

These experiences don’t really add much to your MBA application unless you’ve been doing them for two or more years, so you have to start thinking ahead in terms of useful application experiences.

#4: Start Your Application Process Early

You should start approaching recommenders and working on your essay process at least several months before the application deadline.

Starting early takes away a lot of the stress of the application process and ensures that you have enough time to put your best work into your applications.

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The Most Versatile Degree in the World

Of all of the professional degrees you can get, the MBA is the most adaptable. I have a lot of work experience in investment banking and new media, and in both of these fields I have noticed that nearly every one of my superiors has had an MBA. Managers, directors, VPs, chairmen, CEOs, and various [...]

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The Top 6 Business Schools You Should Apply To

Harvard and Stanford are almost always every person’s top picks I’ve talked with a lot of my friends and the people I’ve met in business. What I’ve found is that anyone who applied to Stanford or Harvard, and got accepted, decided to go there instead of any other business school. In terms of getting a [...]

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What Are The Strengths Of The Top Business Schools

Stanford Graduate School of Business One of the most noticeable things about Stanford is their class size. They’re take on a much smaller amount of people compared to other schools. They also tend to bring in quirkier people, or those with less traditional backgrounds. Stanford has a reputation for being really big in terms of [...]

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7 Steps to Writing an Awesome Business School Essay

Step 1: Make a List of the Business School Questions You should open up an excel worksheet and use it to list every single question from every school you’re applying to. Find their application questions on their websites and write them down exactly as they appear on the website and enter each one into its [...]

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The Importance of International Experience For Wharton And Other MBA Programs

The world is not what it used to be 20, 10, or even 5 years ago. Competition for top MBA programs and top jobs extend from the sunny beaches of California all the way to the bustling metropolis of Tokyo. In addition to the fact that it will look good on your application and resume, [...]

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Do I Need An Admissions Consultant To Get Into Wharton?

In most cases, I recommend that you don’t hire a consultant to help you with your application. First of all, consultants are generally really expensive, so it’s a major investment that you really need to justify. A lot of people hire consultants for their applications, and there’s nothing wrong with that. Being able to address [...]

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Is Going to a Non-Top 10 Business School Worth It?

If you have extremely high ambitions and intend to start the next world-changing business, then you shouldn’t settle for any business school but the best. Otherwise, you can gain skills and experience by continuing to work. After an additional year acquiring new success stories, your application will be that much stronger. If you’re under 30 [...]

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