Like many have mentioned, admissions consultants could be extremely helpful if you don't have a friend, significant other, and/or family member that has experience in the MBA application process, which is dramatically different from that of other graduate programs (MD, PhD, JD, etc.) that rely more heavily on tangible data and less heavily on the intangible stuff. Coming from a non-business background, I didn't have enough access to these types of people. I did some reading online, etc., but in the end, I didn't sell myself well enough -- or perhaps didn't market my strengths well enough. My family members and some of my friends thought my essays were good, but clearly they weren't good enough. Consequently, I was either rejected or waitlisted at all the major programs that I applied to (all top 10 schools). This year, I worked with someone at
MBA Mission, and have had success getting into several top programs, including what I would consider my top choice. BUT, don't believe that a consultant will write essays for you or transform you into someone you are not (as this would be an obvious violation of the ethics agreement). The consultant is there to provide a perspective, just like a friend or relative will do, except he/she knows the industry pretty well. Everything still has to be your idea, vision, and work, otherwise, consultants can't get you into HBS, Sloan, Wharton, etc. even though you have the credentials. Personally, if you have the money, there's no downfall. The key is to work with someone who will spend the time to really think about what you are saying in your essays. And just like a friend proofreading your essays, the consultant will have several points, and it's your job to decide if you will or will not listen. Having spoken with numerous MBA students that used consultants, I can state clearly that some are really helpful initially, but once the volume of work increases, they do just enough to get by. Fortunately, I didn't have that experience with the consultant I worked with. If you want to know the details, PM me and I'd be glad to tell you his/her name, etc.