Phantom3DFX
Hi Arun!
Thank you for making the great videos! I have just finished my 3-year graduation program (2020), and am working for a family consulting firm in the Human Resources domain. I am interested in doing an MBA in one of the top schools globally in Asia/North America. What would your advice be for the number of years of work experience I need to have before I make my applications? Is 2021 the right time to begin my GMAT prep or later on?
I await your kind response.
Actually a lot of points so I am. just listing it down (in no order of priority or importance):
1. You are a fresh graduate - so you need to have some stellar work at the undergrad level. It could either be extracurriculars or outstanding academic performance (including research work) or internship/startup experience.
If you ended up just going to college and have only your marksheet as evidence then it is going to be hard to justify your application to a top program.
2. As far as experience is concerned - schools want QUALITY >> QUANTITY.
This means they will give you an admit if they see potential (even with lower experience).
But if you have a lot of experience following a same-$hit-different-day routine then it's not going to cut ice with the AdCom.
3. Is 2021 / 2022 / 2023 / <plug any year this decade> a good time to apply?
No year is a good year - it all depends on whether it is a good year FOR YOU.
Typically if you are starting straight out of college then waiting for a year might help because you will apply in 2021 for school starting in 2022
i.e you will already have 2 years of experience while joining the program.
4. All things being equal - starting early in the application process has a few advantages.
Early on in the career means you have a lower opportunity cost. So that is good.
It also means you don't have the encumbrance of being married (sorry to use it in a negative term - I value the institution - just that it is terrible to stay away from your spouse).
Also, you are young and nimble - you can easily fit into any entry-level management roles.
5. You might want to look at MIM programs and not just MBA programs.
I have given some differences in response to another post on this thread - you can check it out.
I hope this answers your queries

Arun