Aiming for the Right B-School– Which is the best one for you?
So, now that you’ve aced your GMAT, the next question comes – What B-school is the most suitable for you? The one that caters to your future plans and helps you thrive in your career?
Getting into the top international MBA programs may not be the easiest task when over 100 K students are appearing for the exam. On the brighter side, there are also thousands of Business schools spread across the world. Out of which, around 400 schools in the U.S. alone.
The key to choosing the right B-school is to not base your school choice entirely on your GMAT Rankings. If you solely compare your GMAT score to the average GMAT score acceptance of school ‘X’, you are making a grave mistake. The key strategy here would be to research extensively before you decide, ‘This is the one for me.’ This is necessary because there are many other direct and concurrent factors which affect your acceptance and success at a business school and hence should be considered during the selection of schools.
So how do we decide which school is right for us?
Here is the list of things that you should consider and also, how these things might affect your selection:
- Do not blindly apply to all Business schools purely based on the average GMAT score acceptance. This is a waste of both time and money. Instead, carefully shortlist the Business schools you will be applying for based on the strength of your overall profile.
- It is very important not to evaluate your profile in a vacuum. While some achievements may seem to significantly boost one’s profile when viewed in a vacuum, it may lose a lot of its appeal in face of strong competition.
- Business School rankings should be compared from numerous sources such as magazines, blogs and publications such as The Financial Times extensively. It should be noted that the inflated perception of the general public often rises from efficient marketing or brand hype on the part of the B-school and there is much more to a business school than what is advertised.
- After you have shortlisted the Business schools, extensively research their websites and forums to get accustomed to the more intricate idiosyncrasies between them.
- If you are aiming for an International Business School, check their international diversity and the percentage of international candidates attending each year for the past few years. Ask yourself if you have what it takes to be accepted and also thrive in that environment.
- Another important factor while you choose an international MBA program is the cost. If you are adamant about getting into a particular program, thoroughly research the details of the possible funds required. Decide on how you plan to secure these funds and under what circumstances you might have a better chance at receiving scholarships.
- Research the internal environment of the university and the lifestyle of the students there. Think carefully if you will be able to fit into the atmosphere as you need a good healthy frame of mind to be your most productive self.
- Ensure the school you choose isn’t too competitive for you where all your peers would be better than you as it is not worth hanging on to a burning wire just for the sake of brand value, which can be detrimental to your career growth. But also make sure that you don’t choose a school which does not challenge you to be your best self. Balance is key.
Very few of the test-takers plan ahead based on what you hear and research, which is why most of them falter at this crucial step by making an unsuitable choice. However, don’t let any misconceptions and nervousness get to you. Consider all your options wisely and make note of the above-mentioned suggestions while deciding because only you know what’s best for you.
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