~4 minutes explanatory video:
Dear Applicants,
The attempt to enter an MBA program, much like any worthwhile endeavor, begins with a smaller but truly important stage - that of carefully researching the schools you are targeting. As a whole, the MBA terrain is varied and spread across diverse geographies, making choosing a particular school a complex task and not one that can simply be resolved by looking at rankings or by taking into consideration any one specific aspect. The nature and amount of information that you must process before choosing a school can be daunting, and often the first hurdle is in understanding what kind of information you must even consider. Any MBA suitor truly serious about one's chances is always looking to evaluate which program and what school will be optimal for them.
For anyone looking to maximize his or her chances of getting into a good MBA program, a thorough program-specific research and a well-thought-out program selection are necessary. You must look for programs that mesh with your particular learning goals and professional ambitions while also being pragmatic about the schools that are feasible in terms of securing an admit considering your profile. School research is an exacting undertaking, and your energies will go to waste if you end up applying to a program that beyond your scope. To help students avoid this pitfall, the article here lays out what goes into optimal MBA program research, the ideal strategy to do so, what errors to look out for and, resources to use in the process.
Resources To UseFor your school-focused research, you can access several informative resources. As a starting point, you should look into the most reputed rankings for MBAs across different regions. Those looking at MBAs in Europe and the US would do well to, respectively, follow the US News and Financial Times rankings. There are no recommended rankings for Asian, Australian, and Canadian programs, but you might want to take a look at the
Experts' Global rankings for these regions.
While looking at rankings is a good initial step, there is no substitute for information gathered on-ground. Thus, when beginning your pursuit of an MBA, do your best to reach out to people with the same drive as yours - the internet is a wonderful means to do so – and form a community that helps each other out when it comes to school research. Fortunately, there are also extant online communities such as
Accepted.com, LinkedIn, Poets & Quants, and GMAT Club that can help you get a head start on outreach. Sign up on QS MBA to, if possible, visit the campuses of your targeted schools and join tours of your shortlisted MBA programs. Such sojourns will also likely allow you to interact with the school's admissions committee members. However, this process of networking involves a significant amount of effort; do your best to not be overcome by the exertion of community building as this is not the main stage of your research. At this point, reaching out to an MBA consultant, or at the very least a friend, would be helpful.
Make sure to peruse the school's websites carefully, as they are likely to prove your most telling source of information on your targeted MBAs. The webpages for your shortlisted programs are sure to reveal much about the program's class make-up, teaching methodology, specializations, curriculum structures, and domain-wise placement history. Once you have a grasp of these particulars, you should proceed to cultivate some notion of what the school's general ethos is and for what industry its outcomes are most impressive. One way to figure this out is to look into what professional domains are most represented by the school's dominant student collectives, marquee events, and centres of excellence.
Potential MistakesIt is vital to understand that the paradigm through which you approach school-specific research must be the right one. The end goal of school research is to gain a comprehensive understanding of what the school offers, rather than to mug up facts about the program to impress the admissions committee. Further, your research must not be solely focused on seeing how feasible a program is given your profile. Ideally, research on MBA programs must be undertaken to learn the intricacies of what each program offers.
Make sure to not let unbalanced opinions on schools colour your decision-making. Your investigations into a program's merits must be comprehensive and reliant on trustworthy resources instead of being influenced by one-sided takes. The sheer variety of resources you will encounter may seem daunting, but keep in mind that the end goal is to come out with actionable insights into your targeted programs. If you feel taken aback by the volume of information that you have to process, reach out to an admissions consultant or trusted friend for aid.
A nuanced error to look out for here is misunderstanding the facts and figures involved in assessing a program. What this means is that the median compensation, GMAT scores, and similar factors that you will see on a program's webpage will be applicable only to candidates who have a median profile. Make sure to evaluate the particulars of your candidature when deciding on your shortlisted programs.
The Optimal StrategyHaving examined the common errors of the school research process, we will now examine the ideal strategy for the same, a strategy that will bring accuracy and insight to your attempt to understand what MBA is ideal for you.
Make sure to begin by carefully perusing the websites for each program that you are targeting, and extracting all that you can from the same. Simultaneously, try to reach out to recent alumni from the schools you are looking into. A student who is presently studying in a school may be affected by recency bias, while an alum who graduated from a school a long time ago might provide out-of-date insights. Further, through campus visits and MBA tours, try and interact with the members of a school's admissions committee. All in all, you must go beyond only looking into a program to see how easily you can get into it, and be genuinely engaged in learning about the program.
We hope this was helpful.
All the best!
Experts' Global Team