Aug 09: Everything you wanted to know about MBA Admissions

Question

Everything you wanted to know about MBA Admissions with ARINGO

Wednesday, August 09, 2023, at 09:30 AM PST | 10:00 PM IST | 12:30 PM EDT

Join our exclusive session where ARINGO's team of MBA Admissions Consulting experts will be delighted to address all your inquiries related to MBA admissions. Gain valuable insights into various aspects, including the meticulous school selection process, key factors that schools seek in applicants, ideal timing for applications, available scholarships, and any other queries you may have that will assist you in your MBA journey.

Join the chat here: https://gmatclub.com/forum/mchat.php

Nikhil · Answer

Hi, Everyone. Welcome to the live chat session with ARINGO.

ARINGO · Answer

Hi Everyone! I’m Jen T with ARINGO. I’m here to help answer any of your questions about B-school/MBA applications - Ask Me Anything!

Nicolasriosc · Answer

Hi! What are Aringo’s fees for admission consulting? (three universities)

ARINGO · Answer

Typically it is $8500, but GMAT Club members get a 10% discount!

Nikhil · Answer

A question I see most often in our forums. "What is the difference in applying to Round 1 versus Round 2?"

ARINGO · Answer

Great question... because the real question is what’s the difference between Round 1 and Round 2 in regards to your application. 
Unless you are applying to Early Action/Decision, there isn’t much difference in Round 1 and 2. Technically there are statistically more seats and scholarship, but schools typically hold a certain % of seats and scholarship, and they are very similar in the first two rounds. 
What you should focus on is when will you have the best application - it is better to not rush and submit a rough application.

Nikhil · Answer

Another one, Is having a high GMAT score the only way to get scholarship?

ARINGO · Answer

No! Having a high GMAT/GRE score can lead to scholarship, but so does showing school fit and your ability to be hired post grad. Schools are also looking for unique, qualified candidates, so make sure to highlight how you bring more than the typical candidate - through work experience in a niche field, exciting hobbies/volunteer work... anything that will make you stand out!

Nikhil · Answer

What is Early Action/Decision?

Also, Do above-average age and experience have a positive or a negative impact on applications?

DroningHangman · Answer

Add on to the Early action question. Does a binding option help boost application in any way? (I know Darden has this option, not sure if any others schools have this)

ARINGO · Answer

Some schools like Duke, Darden, and Rotman have the ability to apply and get your application reviewed ahead of Round 1. By submitting your application to the early decision/action round, you are saying that school is your #1 choice and if you were admitted, you would stop the process with any other school, accept their offer and put down a hefty deposit (typically $6000). Essentially, they are letting you be first in line because you are saying they are your #1 choice.

Hi - the binding agreement for Darden is the requirement of the deposit, making them feel more certain about your determination to attend Darden... so, yes, it can help your application

This can depend.... as you know, MBA programs pay attention to rankings and if their class profile is skewed in one of the categories, it can make them drop a few or more places... so they try to maintain an average years of work experience between 5-7 years. They will admit candidates with up to 9 or 10 years of experience if they have the right profile/background and it makes sense for post-MBA employment.

There are top ranked programs that have 1 year full-time senior MBA programs like Foster GEMBA, USC IBEAR, Stanford MSx or 1 year MBA’s that omit the internship like Emory, Kellogg or Columbia J-term that are also well suited for those closer to 10 years of expeirence

Nikhil · Answer

Is career progression really necessary for having higher chances of admission?

ARINGO · Answer

For the most part, Adcoms want to see 2+ promotions to show your growth and trajectory. 
Adcoms are familiar with the fact that some industries take much longer for promotion. 
If you haven’t, you’ll want to make sure you are illustrating a progression in responsibility and impact on your resume

Nikhil · Answer

Thank you everyone for participating in today’s chat.

Thank you Jen.

ARINGO · Answer

Thank you everyone for joining, if you have additional questions, please email me at JeniferT@ARINGO.com ; you can also sign up for a free profile review here - https://calendly.com/jenifert-aringo/gmatclub

Thank you, Nikhil!

DroningHangman · Answer

Does applying via the binding anyway increase scholarship chances?

ARINGO · Answer

Yes, it can! They know they need to retain you as an admit, so usually they will have a good scholarship offer to help with that

ARINGO · Answer

Just to add some more info and resources for this question: You can read more about applying to top MBA programs at an older age here: https://aringo.com/mba-over-30/ You can read more about full-time senior MBA programs here: https://aringo.com/full-time-senior-emba-programs/

Aug 09: Everything you wanted to know about MBA Admissions

Prep Toolkit

Top 5 GMAT Debrief Videos

615 to 715 in 15 Days (Ria's Strategies)

More than Quant/Verbal Abilities: Speed vs. Accuracy

745 with Only Self-Prep and GMAT Club

From 555 to 765: 210-point Improvement

Perfect 805 Score Debrief by Julia

My Rewards