Hi everyone,
Deciding how many business schools to apply to is an important question, and the answer will depend on where the applicant is within his or her “window” of applying to business school. It’s important to be aware of where you are in life and how this impacts your school decisions.
The vast majority of MBA students are in their mid-20s to early 30s. Only a small portion come directly from college and only a few attend full-time business school in their late 30s and into their 40s. But even within the, say, eight-year “window” from 24 to 32 years of age, applicants have a variety of inputs to consider when deciding the portfolio of MBA programs they should apply to.
Age: Many applicants in their mid-20s decide they will apply only to their first two choices this year, figuring they can reapply a couple years down the line when they have a bit more experience. I can understand this approach for some younger candidates, but applicants who are a bit older should strongly consider a different approach. They should apply to a wider array of schools to ensure that they will at least have the option of attending business school in the fall of ’09the next fall. Of course, the best scenario involves an intelligent mix of top schools and “safer” schools that will yield a choice of MBA programs for the applicant. Some candidates, frankly, get on an unreasoned “Harvard or Stanford…or nothing!” kick that doesn’t serve anyone’s interests.
Next career alternative: Some MBA aspirants are in positions in which they could continue on for many more years. Others hold roles at places like consulting firms or top investment banks where policy and/or tradition encourage young employees to get acquire further education. In environments where one can continue to advance unfettered, a candidate might consider applying solely to his or her top choice programs. However, candidates coming from companies with 2- to 3-year analyst programs that don’t allow for much upward progression should probably cast their nets a bit wider, assembling a bigger portfolio of schools.
Career track satisfaction: I have talked to several MBA aspirants who feel they are “locked” in roles that are too technical or too narrowly defined. Yet, some still want apply to just a couple of very highly ranked programs. When people desire to make a career transition to an entirely new role or industry—sooner, rather than later—I highly encourage them to apply to a broader array of business schools. There are incredible programs throughout the top 20 in the b-school rankings (and even beyond) that can provide the classes, career programs, and alumni networks that aid this kind of transition.
First timer…or re-applicant?: A candidate who is going through his or her second round of business school applications should almost always apply to more schools. Candidates who are applying a couple of years down the line after dramatically improving their experience base might add a couple of new schools to the mix but still target their top programs from a few years before. However, candidates who are applying the very next year without significant changes in role, experience, or “extracurriculars” ought to pursue a different base of schools, with perhaps one or two holdovers from the year before.
Family considerations: Taking two years to get an MBA is not just a “business decision,” it’s a “life decision.” Sometimes, the interests of boyfriends, girlfriends, husbands, wives, and children are critical factors in making the decision of if, when, and where to apply. These considerations are much more complex and varied than the factors listed above, so it’s difficult to work through them in depth here. For instance, I knew some students who wanted to get through business school quickly so that they could start a family afterward, but I also knew of others who thought that business school (with day care, low travel requirements, flexible schedule, etc.) was a great environment in which to begin to build up their brood.
I hope this was of help. I'm happy to answer any other questions.
Cheers,
Conrad and the
Stacy Blackman Team
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29 Nov 2008, 12:48
