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1 MBA APPLICATION GUIDE 2020-21 BY GMAT CLUB MBA EXPERTS MBA APPLICATION GUIDE

1 MBA APPLICATION GUIDE 2020-21 BY GMAT CLUB MBA EXPERTS MBA APPLICATION GUIDE 2020-21 2 BY GMAT CLUB MBA EXPERTS FOREWARD 8 WHY MBA? WHY NOW? 9 WHICH SCHOOLS TO APPLY TO? 13 WHAT IS A GOOD GMAT SCORE? 20 SHOULD I APPLY IN R1 or R2? 27 R1 vs R2 - THE GREAT DEBATE 30 THE MBA SCHOLARSHIP LANDSCAPE 35 RESEARCHING MBA PROGRAMS VIRTUALLY 40 OVERARCHING ESSAY TIPS 44 IS MY GMAT GOOD ENOUGH? 51 MBA ESSAYS - THE BEST ADVICE 55 HOW TO RESEARCH BUSINESS SCHOOLS? 60 MORE ON SCHOOL RESEARCH 67 OVERCOMING A LOW GPA 71 GMAT VS GRE 75 GETTING TO KNOW YOUR SCHOOLS 80 POWERFUL FAILURE ESSAYS 84 FIT vs RANKINGS 88 BEST AND WORST RECOMMENDATIONS 91 FATAL FLAWS IN YOUR RESUME 96 THE EFFECTIVE RESUME 103 3 HOW TO WRITE GOALS ESSAYS 109 7 TOUGH INTERVIEW QUESTIONS 114 THE FIT INTERVIEW 120 MOST COMMON INTERVIEW QUESTIONS 123 COMPLETE GUIDE TO INTERVIEWING 129 DECIDING AMONG MBA PROGRAMS 132 BEHAVIORAL INTERVIEW QUESTIONS 138 BEST MBA RECOMMENDATIONS 142 WRITING ABOUT SUCCESS 145 TIPS FOR THE OPTIONAL ESSAY 149 BUILDING YOUR EXTRACURRICULAR PROFILE 152 12 - STEP WAITLIST GUIDE 157 CRITIQUING YOUR REJECTED MBA APPLICATIONS 166 CRAFTING A REAPPLICATION STRATEGY 172 NEGOTIATING SCHOLARSHIPS 178 8 TIPS TO GET INTO HARVARD AND STANFORD 184 IS AN MBA WORTH IT? 188 COVID-19 IMPACT ON THE MBA 195 MBA EXPERT SHOWCASE - 199 APPLICANT LAB 199 4 MBA EXPERT SHOWCASE - 201 ARINGO 201 MBA EXPERT SHOWCASE - 203 AVANTI PREP 203 MBA EXPERT SHOWCASE - 205 STACY BLACKMAN CONSULTING 205 MBA EXPERT SHOWCASE - 207 EXPERTS GLOBAL 207 MBA EXPERT SHOWCASE - 210 GURUFI 210 MBA EXPERT SHOWCASE - 212 IVY GROUPE 212 MBA EXPERT SHOWCASE - 214 VANTAGE POINT MBA 214 MBA EXPERT SHOWCASE - 216 MBA MISSION 216 MBA EXPERT SHOWCASE - 218 MBA MISSION 218 MBA EXPERT SHOWCASE - 220 MER (MY ESSAY REVIEW) 220 MBA EXPERT SHOWCASE - 223 5 STRATUS ADMISSIONS COUNSELLING 223 MBA EXPERT SHOWCASE - 225 SIA ADMISSIONS 225 MBA EXPERT SHOWCASE - 226 ADMISSIONADO 226 6 7 FOREWARD First of all, I would like to welcome you to GMAT Club, the largest MBA community of Business School applicants, current business school students, admissions consultants, directors, and alumni. GMAT Club is regularly visited by over 600,000 people each month. We are not an admissions consulting company nor do we provide any admissions related services. However, we do provide support, boost your morale, and are here for you. The value we provide cannot be purchased or found anywhere else: - GMAT Club is an information resource and whether you are just starting your journey or about to apply, I guarantee that you will ﬁnd a wealth of information here to help you along in your business school research and application process. - GMAT Club is a support network that enables you to connect with people who have gone or are currently going through the same process. Applying to MBA programs is a very diﬃcult and stressful process but together we have a greater chance to get the most out of it (and also have a greater chance to remain sane by the end). - GMAT Club is a community well. You are welcome to draw knowledge from it whenever you need it, but the well stays full through those who contribute back. Truly Yours, BB, Founder of GMAT Club 8 1. WHY MBA? WHY NOW? As unemployment skyrockets and talks of massive layoﬀs, furloughs and salary cuts loom, many young (and not so young) professionals might be wondering if now is the right time for an MBA. Prospective candidates wrestling with this decision are likely assessing both the value of an MBA and whether now is the right time. Personal MBA Coach would like to help you answer both questions. First, let’s evaluate the value of an MBA. While today, business school might be a great place to escape the challenging economy, there are countless beneﬁts of earning an MBA. The most obvious, of course, is the technical knowledge you will gain. In addition to traditional courses in ﬁelds such as ﬁnance, accounting and marketing, nearly all MBA programs oﬀer specialized courses covering a variety of industries and functional areas. Whether you are planning to go into ﬁnance, real estate, marketing or healthcare, you will have the chance to learn the fundamentals from industry experts. Equally as important as these technical skills are the “soft” skills you can gain during an MBA. Both inside and outside of the classroom, MBA programs place a strong emphasis on 9 skills such as leadership, teamwork and communication, all crucial skills for future leaders. In addition, the countless volunteer and travel programs (by the time you enroll we will be almost 2 years into COVID and travel should be picking up) oﬀer students further opportunities to stretch themselves personally and professionally. The business school classroom also provides students the chance to take a risk in an open and trusting environment. Often students enter business school with one goal, but use this unique and safe environment to try classes or programs in other ﬁelds. In many cases, this leads students down an unexpected path as they ﬁnd a ﬁeld that is a better ﬁt. Finally, business schools provide students with great networking opportunities, both while on campus and beyond. In addition to learning from peers in the classroom, students ﬁnd alumni to be invaluable resources as they seek their ﬁrst jobs. Alumni can not only provide crucial insider knowledge, but they often help fellow alums secure roles in their companies. MBA graduates will then continue to rely upon this network throughout their careers for partners, mentors or even investors. Is now the right time for an MBA? Once you have conﬁrmed your desire to pursue an MBA, you may be wondering whether now is the right time. To answer this question, Personal MBA Coach suggests that clients consider these four scenarios. If one or more applies to you, this is a good sign that NOW is the right time for an MBA. As we learned while moderating discussions with Deans of many leading business schools at the Association of International Graduate Admissions Consultants (AIGAC) annual conference, this truly is one of the best times to ever consider getting an MBA! 10 1. You are ready to switch careers. Switching careers and writing your business school applications at the same time can be tricky. While it works for some to change industries or functions pre-MBA, post-MBA is a great time to switch careers for most applicants. In many ways, an MBA is the great equalizer and post-MBA students often start at a similar level to each other. If you want to switch careers, an MBA is a great place to start! 2. Now is a good time for YOU to become a student. Going back to school full-time is both a major investment and a major lifestyle change. Your own circumstance can be a big factor in this decision. Are you unemployed or underemployed? If so, this could greatly reduce the opportunity cost of an MBA. Is your partner going back to school and will it be easier to study together? Perhaps personally you are looking to make a big move or change. These are all signs that it may be time to begin working on your applications. 3. You have plateaued at work. Do you feel stuck at your current level? Do you need an MBA or advanced degree to reach the next step in your career? If you feel that you have learned all you can in your current role, not only will additional experience be less likely to help you, but it may limit your options. Even if you are close to plateauing, it might be the time to apply. Keep in mind that even if you start your applications today, you likely will not begin classes until the fall of 2021. 4. You have 4-5 years of pre-MBA experience. The average applicant has approximately 5 years of pre-MBA experience. After 6+ years, your chances of admission begin to decrease slightly each year. However, do not worry if you are already there, as we have many more experienced applicants who also get in. We can craft a story to explain your roles to date. That said, the longer you wait, the more 11 likely it is that you will run out of time to give your dream school your best shot. So consider shooting for the stars now! 12 2 WHICH SCHOOLS TO APPLY TO? You’ve decided that you are going to apply to b-school. Now you need to ask yourself the next critical question: WHERE? Where should you spend your next few years? Which city? Which country? And last but certainly not least, WHICH PROGRAM? Accepted.com has helped applicants answer these questions for over 25 years. However, the way to answer those questions is to ﬁrst answer the ones below. Your answers will guide you as uploads/Geographie/ mba-guide-2020.pdf