Tepper | Ms. Coding Tech Leader
GMAT 680, GPA 2.9
Harvard | Ms. Big 4 M&A Manager
GMAT 750, GPA 2:1 (Upper second-class honours, UK)
Kellogg | Mr. Danish Raised, US Based
GMAT 710, GPA 10.6 out of 12
McCombs School of Business | Ms. Registered Nurse Entrepreneur
GMAT 630, GPA 3.59
Wharton | Mr. Rates Trader
GMAT 750, GPA 7.6/10
Tuck | Mr. Engineer To Start-up
GRE 326, GPA 3.57
Columbia | Mr. RE Investment
GMAT 720, GPA 3.0
Wharton | Mr. Firmware Engineer
GMAT 730, GPA 9.04 (scale of 10)
Duke Fuqua | Mr. Captain CornDawg
GRE 305, GPA 4.0
Harvard | Mr. Tech Start-Up
GMAT 720, GPA 3.52
Chicago Booth | Mr. Banker To CPG Leader
GMAT 760, GPA 7.36/10
Chicago Booth | Mr. Desi Boy
GMAT 740, GPA 3.0
Stanford GSB | Mr. Impactful Consultant
GMAT 730, GPA 3.7
Kellogg | Mr. Hopeful Engineer
GMAT 720, GPA 7.95/10 (College follows relative grading; Avg. estimate around 7-7.3)
Rice Jones | Mr. Simple Manufacturer
GRE 320, GPA 3.95
Chicago Booth | Mr. Corporate Development
GMAT 740, GPA 3.2
Stanford GSB | Mr. Former SEC Athlete
GMAT 620, GPA 3.8
Tuck | Mr. Army To MBB
GMAT 740, GPA 2.97
Columbia | Mr. Forbes 30 Under 30
GMAT 730, GPA 3.4
Stanford GSB | Mr. MBB Advanced Analytics
GMAT 750, GPA 3.1
Ross | Mr. Leading-Edge Family Business
GMAT 740, GPA 2.89
Darden | Mr. Logistics Guy
GRE Not taken Yet, GPA 3.1
Kellogg | Mr. Stylist & Actor
GMAT 760 , GPA 9.5
Columbia | Mr. Ambitious Chemical Salesman
GMAT 720, GPA 3.3
Harvard | Mr. Irish Biotech Entrepreneur
GMAT 730, GPA 3.2
Stanford GSB | Mr. Cricketer Turned Engineer
GMAT 770, GPA 7.15/10
Wharton | Mr. Planes And Laws
GRE 328, GPA 3.8

Eight Questions Every Prospective MBA Should Answer Before Applying

1. WHY DO I NEED AN MBA?

This is the most important of all MBA questions. Are you planning on switching functions or industries? Do you need one to move up in your company? Are you looking to start your own business? Why is it so critical for you to get an MBA NOW, instead of later? If you can form a clear, coherent vision of why you need an MBA, half the application battle is already won.

2. WHAT TYPE OF MBA DO I WANT/NEED?

Full-Time, Part-Time, Executive MBA….which one is for you? What program fits your profile, lifestyle and future plans?

Full-time MBA programs (and the major focus of this blog) usually take 2 years and cater to individuals that average 4-5 years of experience (individuals with over 8 years typically get an executive MBA, however MBA Over 30 proves that is not an absolute rule). Part-time MBA programs cater to those working full-time and take about 3 years to complete, while executive MBA programs cater to those individuals with around 8 years of experience.

3. SHOULD I APPLY THIS YEAR OR NEXT?

In my experience, many people start their MBA journey later than they should. They often do not have their GMAT or the necessary research completed before they start their journey in June/July. For those individuals, they should really contemplate what is stopping them from applying next year.

My perfect scenario would be to take the GMAT in the fall before, research in the winter, visits in the spring, and take the GMAT again if needed in the summer.  If you don’t have your BEST profile when you apply, then you should really consider waiting a year, and invest in making yourself a more competitive candidate.

4. WHERE SHOULD I APPLY TO?

Reflecting on the answers to your previous MBA questions, decide where you want to go. Do you want a top 20 MBA? What school has connections to the companies or industries in which you want to work? What kind of culture would you like to be part of?

For those who are looking for a general snapshot of schools and class profiles, check out my Class Profiles resource that details each top 20 b-school class profile and also links their websites.

5. DO I NEED HELP WITH THE GMAT?

After you get a good list of schools together, understand what type of score you need for the GMAT. Get an early start on their GMAT prep and to take a CAT as soon as possible to see where they stand.

There are MANY amazing programs out there that will help you get the GMAT score you need. Check out how I got a 710 on my first try, and also check out gmatclub and BeatTheGMAT websites for great resources.

6. DO I HAVE ENOUGH MONEY SAVED FOR APPLICATIONS?

At $250 an application on average, applying to business school is not cheap. That’s just the beginning though. Add school visit expenses (airline tickets and hotels), last-minute interviews (last-minute airline tickets and hotels), any GMAT expenses ($250 for the test + any prep material and tutors), and if you decide to use one, an MBA application consultant ($1K – $10K). It adds up quickly.

7. SHOULD I USE A CONSULTANT?

Speaking of saving money for application expenses, the biggest expense will probably be a consultant if you choose to use one. A 2013 study noted that 57% of applicants used consultants in the application process. Gmatclub offers a great Admissions Consultants Reviews section so you can get a sense of individual track records.

8. HOW WILL I PAY FOR SCHOOL?

This is definitely one of the hard MBA questions. Hopefully your amazing profile will land you a great scholarship or fellowship, but in case it doesn’t, how do you plan on paying for your MBA? I plan on doing a more detailed post on this, but there are many options out there from Toigo Fellowship, the Consortium, and, of course loans.

GrantMeAdmission is a young corporate (Fortune 50) finance guy for a Fortune 50 company who blogs at GrantMeAdmission!  A graduate of a leadership rotation program, he’s dreamed of going to a top MBA program and has structured his life to support that journey (making plenty of mistakes along the way). After graduating from a college in California and working for two years, he found transferred to the East Coast so he could visit schools and complete his research. He applied to one school (Tuck at Dartmouth College) and was waitlisted for five agonizing months. The process totally caught him off guard, leaving him dazed and confused. 

Previous Posts On Poets&Quants:

How I Got A 710 GMAT On The First Try 

After Getting Waitlisted At Tuck, Here’s What I Would Do Differently