How to Accelerate Your MBA Application – From an Expert Coach
Business school applications are long and complicated - here's how to get ahead and prepare yourself for admission success, from a professional MBA admissions consultant and M7 alumna.
By Melanie E.
Posted July 15, 2024
Table of Contents
Embarking on the journey to pursue an MBA is a critical step that can set the stage for a transformative career leap. With countless aspiring leaders vying for coveted spots in prestigious MBA programs, standing out in the MBA application process becomes not just a goal but a necessity.
This article will provide you with tips for unlocking doors to leading business schools around the globe. From acing the GMAT to weaving your extracurricular activities into a compelling narrative, every element of your application plays a pivotal role in the admissions decision.
Applicants to MBA programs can accelerate their application process and get ahead of their competition by starting early. Technically, it’s never too early to start working on your MBA applications, and below is your comprehensive guide to get moving with ease.
1. Assess Your Personal and Professional Goals
Embarking in an MBA program requires a deep understanding of one's personal and professional aspirations. Before diving into the application process, it is crucial to engage in thorough self-reflection to articulate clear and achievable career goals.
A Note on the Importance of Introspection
Self-reflection is not only about identifying what one wants to achieve but also understanding the why behind these aspirations.
This introspective process involves looking back at past experiences and how they have shaped one's career path. Candidates should consider their strengths, interests, and the moments that have significantly influenced their professional decisions. Reflecting on less favorable experiences is equally important, as it helps identify what one might want to avoid in the future. Engaging with peers or alumni who have pursued an MBA can provide insights into the career opportunities and challenges within specific fields.
Through introspection, applicants can also discover underlying motivations for their career choices. For instance, feelings of envy towards professionals in certain roles can be a powerful indicator of one's true aspirations. Understanding these emotions helps in defining more authentic and personal goals that resonate with one's career ambitions.
Questions to consider:
- What makes you different?
- Why should admissions take you over someone else for their program?
- What are your short and long-term goals?
- WHY are those your goals? What motivates you?
- Why do you want to go to B school?
- How will B school specifically help you achieve your short and long-term goals?
- What skills, experiences, and networks are relevant to your goals that you already bring to the table?
How to Set Short and Long-Term Objectives
When setting career goals, it is essential to establish both short and long-term objectives. The short-term goals should be seen as immediate post-MBA targets, usually achievable within 2-3 years of graduation. These goals should be specific, realistic, and aligned with one's long-term aspirations, which represent the broader vision of one's career path, potentially spanning 20 years or more.
Applicants need to articulate how the MBA program will facilitate their growth toward these goals. This includes detailing how specific features of the MBA program, such as its curriculum, faculty, or networking opportunities, will support their career trajectory. It is also beneficial to explain the logical progression from past experiences through MBA education to future aspirations, thereby providing a coherent narrative that showcases a well-thought-out career strategy.
Additionally, candidates should demonstrate that their goals are not only achievable but also ambitious enough to necessitate an MBA. This involves showing a clear link between the MBA program's offerings and the skills required to fulfill one's career objectives.
By presenting well-defined short and long-term goals, applicants can effectively communicate their potential to make meaningful contributions to their chosen fields and the MBA community.
2. Strengthen Your MBA Candidacy
Enhance Your Hard and Soft Skills
Every MBA program prioritizes candidates with a robust quantitative background and strong hard skills. Begin by assessing areas where you may be lacking and take steps to fill those gaps. For instance, if your undergraduate grades in quantitative subjects are not exemplary or if your career lacks quantitative focus, consider enrolling in online courses from reputable programs to showcase your quantitative abilities.
Additionally, take on projects at work that involve heavy quantitative analysis, which can be highlighted in your letters of recommendation and on your resume. Pursuing relevant certifications such as a CPA can also bolster your quantitative profile and demonstrate your commitment to strengthening this skill set.
In addition to hard skills, MBA programs place significant emphasis on soft skills such as communication, persuasion, and leadership. Evaluate your current soft skill set and identify areas for improvement.
Consider mentoring a colleague through your company, an alumni club, or a non-profit organization to enhance your mentoring and leadership abilities. Seek opportunities at work to take on roles that require leadership and negotiation skills, or participate in company leadership and development courses. Working with an Executive Coach can also be valuable in developing and refining your soft skills, preparing you to effectively contribute to and lead within an MBA program and beyond.
Clarify Your Hobbies (and Put Them in Perspective)
While professional accomplishments are crucial, MBA programs also value candidates who possess well-rounded personalities and diverse interests. It’s important to articulate your hobbies clearly and concretely, showcasing aspects of your personality beyond your career and community activities. Though separate from your career goals, they should round out your application and support your narrative/who you are.
For instance, rather than simply stating "playing guitar," elaborate on your passion by mentioning your experience as an avid guitarist for over eight years, having taught over 50 people and performed in over 20 local shows with audiences ranging from 20 to 100 people. This contributes to your overall narrative of supporting others in finding an outlet in artistic pursuits and the level of detail provides insight into your commitment and skill level in your hobbies.
When discussing hobbies in your application, ensure they are activities you genuinely enjoy. This approach not only enhances your candidacy but also enriches your overall profile as a well-rounded applicant.
Enrich Your Community Engagement
In addition to professional achievements, MBA programs value candidates who demonstrate a commitment to community engagement outside of their workplace. Schools want to admit people who will make their own communities better. Assess your current level of involvement and consider intensifying or adding activities where necessary.
Joining your undergraduate alumni association in a leadership capacity or as an active member organizing local events can showcase your leadership skills and commitment to community service. Volunteering consistently for a nonprofit organization aligned with your passions can also highlight your dedication to making a positive impact beyond your career.
For those seeking a more personalized approach, consider initiating your community activities, such as organizing a monthly non-fiction book club or hosting astronomy sessions at a local stargazing spot. These initiatives not only enrich your profile but also demonstrate your proactive engagement and leadership qualities to MBA admissions committees.
3. Create a Standardized Test Preparation Plan
Embarking on a standardized test preparation plan is a critical step for prospective MBA students aiming to excel in the admissions process. A well-structured plan not only boosts confidence but also ensures comprehensive readiness for the exam.
Take the time to research what tests your schools of interest accept, such as the GMAT, GRE, or EA (Executive Assessment). Then complete practice exams for each test to see which one you prefer.
Read: GMAT vs. GRE for Business School—Which Should You Take (and How to Ace Both)
Practice Effective Study Techniques
Developing effective study techniques is as crucial as choosing the right study materials. Initially, understanding the structure of the exam is vital. Familiarizing yourself with each section’s format and types of questions will aid in crafting a targeted study approach.
A recommended strategy is to start with a diagnostic test to assess your current level. This initial evaluation helps in pinpointing weaker areas that require more focus. Following this, a structured study schedule should be implemented, dividing time between different sections according to individual needs.
Practicing without a calculator and enhancing mental math skills are advised for Quantitative sections. For Verbal sections, regular reading and practicing sentence correction can be beneficial. Additionally, timing your practice sessions simulates the actual test conditions, which is crucial for effective time management during the exam.
Regular reviews of practice test results are essential to track progress and adjust strategies accordingly. This iterative process of testing, reviewing, and adjusting ensures continuous improvement and readiness for the exam day.
4. Build Your Network
Building strong relationships with alumni and leveraging platforms like LinkedIn are pivotal strategies for maximizing your network during the MBA application process. These connections not only enhance your application but also provide valuable insights and opportunities throughout your career.
Engage with the School
When preparing your engagement strategy with prospective MBA programs, it's crucial to meticulously record every interaction related to each school. This includes noting down dates, event names, individuals spoken to, and any key insights gained.
Aim to participate in a minimum of two events per target school to demonstrate your proactive interest. If feasible in terms of finances and logistics, plan visits to each campus, incorporating official admissions activities like classroom visits. Treat these visits as integral parts of your application process and arrive prepared as if for an interview.
Additionally, reach out to current students, professors, and alumni who align with your career interests. Engage them in conversations about what distinguishes their school, gathering valuable insights that can inform your application essays effectively. These efforts not only demonstrate your commitment but also provide firsthand knowledge crucial for showcasing your fit with each MBA program.
How to Leverage LinkedIn
LinkedIn serves as a 24/7 networking platform, essential for connecting with peers, alumni, and industry leaders. To effectively use LinkedIn, ensure your profile is complete and professional, reflecting your career achievements and aspirations. Regularly updating your profile and engaging with content posted by others helps maintain visibility and relevance within your network.
Here are some strategies to enhance your LinkedIn presence:
- Engage Actively: Regularly post updates, share insightful articles, and comment on posts relevant to your industry. This increases your visibility and positions you as a thought leader in your field.
- Connect Intentionally: Send personalized connection requests to individuals you admire or wish to learn from. Mention specific reasons for your interest in connecting, which can lead to more meaningful interactions.
- Utilize LinkedIn Tools: Join groups related to your MBA program or industry, participate in discussions, and attend virtual webinars to expand your network.
- Follow Target Institutions: Keep up with news and updates from your desired business schools by following their official LinkedIn pages. Engage with their posts to stay informed about application deadlines and admissions events.
By strategically building relationships with alumni and effectively leveraging LinkedIn, you can significantly enhance your MBA application and set a strong foundation for your future career growth. These networks provide not only immediate benefits such as advice and recommendations but also long-term career support and opportunities.
5. Financially Prepare
Embarking on an MBA requires meticulous financial planning to manage the significant costs associated with advanced business education. Prospective students should consider a variety of funding sources and strategies to ensure financial stability throughout their studies.
Saving Strategies
Building a robust savings plan is crucial for managing the high costs of MBA programs, which can range from $60,000 to over $75,000 annually at top schools. Individuals should assess their current financial situation and consider setting aside a portion of their income well in advance of starting their program. Utilizing budgeting tools and services like Mint.com can help track expenses and increase savings efficiently.
For those already in the workforce, exploring company-sponsored MBA options can be a viable strategy. Many employers offer tuition reimbursement programs that cover partial or full costs of an MBA in exchange for a commitment to return to the company after graduation. It's advisable to discuss potential opportunities with human resources to understand the specific terms and benefits offered.
Financial Aid & Scholarship Opportunities
Navigating through various financial aid options can significantly reduce the burden of MBA expenses. Business schools often provide merit-based scholarships and fellowships, which do not require repayment. These are awarded based on academic achievements, professional accomplishments, and potential contributions to the program. Most candidates are automatically considered for these awards upon application, but it is beneficial to actively seek out scholarships from external organizations as well.
Grants and assistantships are other forms of financial aid where students can receive tuition remission and a stipend in return for work performed at the institution. These opportunities not only alleviate financial stress but also enhance academic and professional experience by allowing students to work closely with faculty and peers.
Additionally, federal and private loans remain a common funding source for many students. U.S. citizens and permanent residents can apply for federal loans with relatively favorable terms, while international students might need a U.S. co-signer to access private loans. It's crucial to understand the repayment terms and potential financial impacts of taking on student debt.
For those considering an international MBA, exploring scholarships and fellowships available for study abroad can provide substantial financial support. Programs like the Fulbright Business Grant and scholarships from identity-based organizations offer funding opportunities for diverse and underrepresented groups.
By carefully planning and utilizing a mix of personal savings, scholarships, grants, and loans, MBA candidates can effectively manage their finances and focus on maximizing the educational and professional opportunities presented by business school.
Final Words
MBA applications can be overwhelming, but if you get started early, you can ease the anxiety as well as plug any potential gaps in your application. I suggest starting multiple months in advance to ensure you’re on the right track and showcase yourself in the best possible manner.
Whenever you're ready, there are 3 ways I can help you:
- Check out my helpful MBA and career content on Leland+.
- Book Hourly Coaching with me.
- Schedule a consultation with me to discuss a Comprehensive School Package with Unlimited Hours!
Good luck with your application!
FAQs
What are effective strategies to make my MBA application stand out?
- To enhance the distinctiveness of your MBA application, it's crucial to clearly articulate your personal story and the reasons behind your pursuit of an MBA. Emphasizing your extracurricular activities, any unique international experiences and other personal attributes that define your unique character can also make a significant impact.
How can I improve my likelihood of being accepted into an MBA program?
- To increase your chances of admission into your desired MBA program, focus on achieving high scores on standardized tests like the GMAT, GRE, or EA, or explore options to obtain a waiver. Enrolling in relevant online courses, demonstrating community involvement, pursuing leadership roles, carefully selecting your recommenders, and familiarizing yourself with your target business schools are all strategic moves that can boost your application.
What are the key elements that are most crucial in an MBA application?
- The most critical components of an MBA application, as indicated by business schools, include your scores on standardized tests such as the GMAT or GRE, your undergraduate GPA, your professional experience, and the quality of your admission essays.
What qualities do top MBA programs seek in their applicants?
- Top MBA programs typically look for candidates who not only have strong academic and professional backgrounds but also are actively involved in extracurricular activities such as sports and volunteer work. Additionally, having connections with current students and alumni of the program can be beneficial. Developing these aspects of your profile, however, requires time and planning.
About the Author
Melanie is a proven MBA Admissions Coach, Executive Coach, and Life Coach with 17 years of experience in strategy, operations, and coaching. She pairs her ex-McKinsey consulting toolkit with her sharp communication skills and EQ. This rich blend of skills and a multi-hyphenate background including acting, fashion, and painting allow Melanie to be an excellent coach with an eye for detail and heart in her clients’ unique stories.
Melanie has been featured in Forbes, NBC, ABC, CBS, Business Insider, TEDx, and more. She has worked with prominent corporate clients including Google, Meta, IBM, and Morgan Stanley; as well as individuals such as business leaders, influencers, and Olympic athletes.
Melanie holds an MBA from Columbia University and a BS from Cornell University. She currently lives in Los Angeles (while remaining a New Yorker at heart), and enjoys creative pursuits in her free time.
To work with Melanie on your MBA applications, book a free intro call on her coach profile here.
