MBAXPLOIT: STEPS 1-2-3 to a MBA future.

With the growing global market, business schools are anxiously reaching out to overseas candidates gradualling filling the increased need for people with an international education. Applicants around the world are also hearing the call. According to the Graduate Management Admission Council, last year nearly 40% of those who took the GMAT were from outside the US, while 85% sent their scores to US business schools. If you are an international student like me who have dreams of earning a business degree in the US, then keep reading.

Business schools in the US and all across the globe actively recruit overseas candidates. Most schools now send representatives to MBA events in different countries. I will tell you that MBA fairs provide the greatest benefit to the prospective students. I can still remember the experience I had when I attended the Harvard Business School MBA fair in my country. This fair will definitely give you an opportunity to meet with representatives from business schools all around the world as well as alumni and, in some cases, current students depending on what time of year it is. Continue Reading »

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The following questions may prove useful in more casual or exploratory conversations with students, alumni, faculty and recruiters as well as in your interview.

	What kind of impact has your MBA had on your career?
	In what ways does the material you studied in school assist you in your position?
	Are you confident about hiring people who attended your program?
	Were your professors approachable and open to student contact?
	In terms of administrative support did you find the school supportive? Did you and your classmates find positions easily?
	What were the other students in your program like?
	What are those most challenging experiences during your MBA years?

You should also inquire about the following areas:

	Internship Opportunities and Job Placements
	Recruiting Companies & Industries
	Salary Potential and Ranges
	Reputation in the Business World
	Variety of Career Options - Sectors and Mobility
	Long-term Career Path
	Short-term Career Opportunity

In your consultations with admissions committee members, students, faculty, and alumni, you should also try to determine how helpful the alumni network is and the types of opportunities offered by their alumni.

Every year business schools report that many soon-to-be first-year students lack some basic quantitative skills. Even if you’re an engineer or you were a math whiz in college, you may still struggle through your first-year courses. You definitely need a solid foundation in these areas, including some advanced spreadsheet skills before you even begin school.

You’ve taken the GMAT, written your application essays, managed to get great recommendations; and now after all that hard work, you’ve got that acceptance letter in your hand. You probably want to reward yourself with some time off—maybe do a little traveling before you head back to school. Most MBA schools will get some materials across to you. This will give you the option to prepare over the summer. A lot of times, it’s traditional reading material in the various subject areas, so you might have some workbooks and exercises and things of that type. Above all, ensure you prepare well for what lies ahead.

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If you’re serious about business school, then you need to consider registering for a World MBA Tour City Fair. You can save money and enjoy fast-track entry for the event by pre-registering today.

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Haas School of Business has released the application calendar for class of 2009 business school applicants as follows:

Full details can be found at HAAS

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With an MBA under your belt, higher salaries are likely to come your way. “The average salary, according to the 2005 Global MBA Graduate Survey that the council does, was $88,600.” But the challenge is how to come up with upwards of between $40,000 and $60,000 a year to finance your way through business school so that you can get that higher salary. So, you need to start considering the different funding options available out there from federal loans to private loans, scholarships to corporate sponsorships. And we’ll also find out if you can deduct your MBA expenses on your tax return.

I will like to break down financing to three chapters—life before an MBA, life during business school, and the aftermath with rewards but, likely, a lot of debt. Before you embark on the path of getting an MBA, you have to ensure that you put your financial house in order. If you have existing existing consumer debt, ensure you pay them off and avoid incurring major expenses. Continue Reading »

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I began my search for business school last year by identifying those programmes that fit my basic requirements. There are two aspects to this:

• Your Needs i.e. what you want to learn and gain from the programme, the type of experience you want to have etc.
• Your Circumstances i.e. the practical considerations.

You will want to decide if on the content of what you want, what your MBA focus will be and the electives you will be interested in. Moreover, you need to find out if the programme runs where you are or want to be. Do you want to study in Europe or America? Continue Reading »

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You may be in a fix right now about deciding whether to attend full-time business school or part-time business school, and there are many considerations. The learning experience, though comparable, is not the same. So, it really does come down to what your objectives are and how well the particular program meets those objectives. Moreover, you need to consider if you are willing to trade your present salary to go for a full time program.

MBApodcaster put up the views of three experts in a podcast. Two are college deans representing those points of view, plus a student who recently wrestled with this question. You may be surprised to learn it is not a cut and dried answer. Visit mbapocaster to listen to the full interview.

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Now that you have made up you mind about applying to business school, I would suggest that you start building your strong application now. Your application can go from good to better to getting an acceptance letter by a little knowledge and some fine-tuning. It starts with a clear action plan—not a check list of things to do, but a strategy to maximize your chances. Meanwhile, you need to ask yourself some questions.

• What do you want to do after your MBA?
• Which school(s) can you get in with your qualification?
• Where do you want to be?
• Do you have educational preferences in terms of whether you want a case study school? Continue Reading »

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Are you really ready to exchange your salary and briefcase for a backpack and student loans? The thought of going back to school conjures up serene campuses, summer vacations, and a laid-back lifestyle. After several years of 60-hour workweeks, heading back to class might sound like a much-needed two-year break. And, hey, MBA grads can command six-figure salaries. What’s not to like? So should you go for it? Only you can decide that.

Where Do You Want to Be in Three Years?
The first step in deciding whether or not to strap on your backpack and head back to school is to figure out what you want to get out of an MBA program. Business school can mean a heavy investment in time and money—two years for most full-time programs, give or take a year for executive MBAs and part-time students. Ask yourself first how business school will help you meet your goals, then consider what you’ll be bringing to the mix.

Do You Need an MBA to Get There?
It’s important to investigate the skills needed for the particular type of position you want. You may be surprised to find out that while an MBA is de rigueur in fields like investment banking and consulting, it won’t necessarily even guarantee you an interview in some industries. But if you’re looking to move to a completely different career, an MBA can definitely facilitate the switch.

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