Find all School-related info fast with the new School-Specific MBA Forum

It is currently 18 Sep 2014, 19:51

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

How do you know you are ready for B-School?

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
Intern
Intern
avatar
Joined: 07 Dec 2008
Posts: 6
GMAT 1: 750 Q47 V47
GPA: 3.46
WE: General Management (Venture Capital)
Followers: 0

Kudos [?]: 9 [0], given: 2

Reviews Badge
How do you know you are ready for B-School? [#permalink] New post 21 Jul 2010, 16:47
1
This post was
BOOKMARKED
Hey guys,

I'm wondering how you know you are ready for b-school?

Here's my story:
-Recently graduated from at a top 20 national university, BA in Economics and Psychology, 3.5 GPA.
-Took the GMAT once, scored a 750 (47Q,47V).
-Strong undergrad extra-curriculars, including chief officer of a local volunteer ambulance corps, among others.
-Working full time with a company I interned at junior year. The company was a start up then, with a few guys, but is now successful with 50+ employees. Because I was there from the beginning and became close with the leaders of the company as it grew, I have been able to join in a very active role, and now lead a team of four analysts. I hope to continue to and gain good work experience, to place me in the running for a top-level MBA program.

Here's my question for all of you: When should I start thinking about business school? How do I know I am ready? And what I'm really curious about - what was the trigger for you, that made you decide to jump in and start the application process?

Currently, I'm ~90% sure I will want to pursue an MBA in the next few years. But when do I know it is time? From what I see on this site, 2 years in the bare minimum before I should even return to this thread. Is that true?

Thanks for your stories and your help.

Kahalani
Kaplan Promo CodeKnewton GMAT Discount CodesManhattan GMAT Discount Codes
Retired Moderator
avatar
Status: Darden Class of 2013
Joined: 28 Jul 2009
Posts: 1838
Schools: University of Virginia
Followers: 19

Kudos [?]: 211 [0], given: 37

GMAT Tests User
Re: How do you know you are ready for B-School? [#permalink] New post 21 Jul 2010, 17:20
Funny thing is, and not to sound cliche, once you start working, you'll probably realize the answers to your question as you progress in your career.

Most of us choose the path of MBA because it's a great career-changer option. Or for some specific fields, you simply need an MBA to continue your career (such as IB and MC). Most folks work for a good 4 or 5 years to gain that full time work experience, so they'll have ample experience to discuss in application essays, interviews, classes, peer to peer, etc. When you're ready is really your own judgment.

I think an even more important question to pose after reading what you wrote is: How are you 90% sure that you want an MBA in a few years? What makes you so positive that you'll most likely get an MBA?
_________________

Get the best GMAT Prep Resources with GMAT Club Premium Membership

Current Student
User avatar
Joined: 07 Apr 2010
Posts: 496
Schools: Wharton/Lauder Class of 2013
WE 1: Big Four Advisory
Followers: 23

Kudos [?]: 192 [0], given: 38

GMAT Tests User
Re: How do you know you are ready for B-School? [#permalink] New post 21 Jul 2010, 17:23
IMHO, there are only 2 primary reasons to do an MBA.

1. Change careers
2. Progress up the ladder in your existing career.

When you come to a point where you don't see yourself going in the direction you want to and feel an MBA will be able to help you move in that direction AND you're willing to fork out 100-150k, then you're ready for an MBA.
_________________

GMAT Guide: 10-critical-factors-to-beat-the-gmat-106790.html

Get the best GMAT Prep Resources with GMAT Club Premium Membership

Intern
Intern
avatar
Joined: 07 Dec 2008
Posts: 6
GMAT 1: 750 Q47 V47
GPA: 3.46
WE: General Management (Venture Capital)
Followers: 0

Kudos [?]: 9 [0], given: 2

Reviews Badge
Re: How do you know you are ready for B-School? [#permalink] New post 21 Jul 2010, 21:41
Thanks for your reply.

bakfed - I figure I'm 90% sure because, while my path is not set in stone by any means, I believe I know pretty well my general direction. I know that I'm an entrepreneur at heart, and unless I am seriously mistaken (which I'll admit isn't out of the question) I'll likely be starting new ventures or at least be involved in start-ups and early-stage businesses for much of my career.

staind- My current goals for an MBA are to:
a) Develop of strong network of intelligent and ambitious people in a range of industries.
b) Improve my managerial skills, but more importantly to improve my general competency in a wide range of focuses. In a start-up you need to wear many hats (something that's been really clear already, even in my short experience), and getting an MBA will provide me an opportunity to learn financial analysis and marketing techniques that will increase my analytical ability and flexibility as a team member and leader.
c) Expose myself to people who come from different backgrounds and industries, to find new business opportunities.

These goals seem like they would be useful in almost any career or industry, even if I decide to take path other than what I said earlier. I'm not expecting to go down a particularly traditional career path, but as I see it, that makes an MBA all the more valuable, since I won't necessarily be able to otherwise develop a strong network, without working for a few years in finance or consulting for one of the big firms.
Re: How do you know you are ready for B-School?   [#permalink] 21 Jul 2010, 21:41
    Similar topics Author Replies Last post
Similar
Topics:
How do you know when you're ready to take the gmat?? Virflo 9 27 Apr 2008, 10:32
How to know if you are destined for B-school rhyme 6 17 Aug 2007, 07:43
How do you know if you are doing well? saturnring11 1 07 Mar 2006, 16:14
How do you know when you are ready? joemama142000 1 06 Feb 2006, 19:53
How can you know if you are ready ? mbassmbass04 3 01 Oct 2004, 07:18
Display posts from previous: Sort by

How do you know you are ready for B-School?

  Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.