Two years in advance seems too early to start thinking about
MBA programs, but there is so much to do that it really requires a two-year
lead. While the process can be done in less time, you will feel less rushed and
less stressed if you start early.
First, I recommend making a timeline of key dates of all the
important steps. Its fine if the dates change but the guide will help keep you
on track.
Eighteen to twenty-four months before you plan to enroll, you
should aim to get the GMAT out of the way. You don’t want to be studying for it
on top of completing your applications, which in and of itself is like a
full-time job. Whether you take a class (like I did) or study on your own, try
to allow at least a few months to prepare for the test, while you don’t have
the distraction of also filling out applications. Definitely do as many
practice tests as you can, especially to get used to having to concentrate for
4 hours and to become familiar with the types of questions and the format.
Don’t underestimate the amount of preparation required.
Once you have the GMAT under your belt and are comfortable with
your score, it’s important to start narrowing down your list of desired
schools. There are a lot of factors to consider – size of class, location,
flexibility of the schedule and required classes, percent female and/or
international, specializations offered, alumni network, employers and
recruiting companies, etc. Start talking to students you know in various
programs. If you don’t know anyone at a particular school of interest, ask
friends and colleagues for introductions. Use LinkedIn as a resource. Read the
rankings (but don’t get too caught up in the numbers as it is most important to
find the best fit for you). I suggest US News & World Report and Business
Week. Look at employer reports, which are usually available on each school’s
website to see what companies recruit on campus and how many students they
hire. Since you still have 18-24 months left at your current job, actively seek
out more leadership roles and responsibility. Make sure your resume is up to
date.
There is also a level of self-reflection involved. Think about
what you want to accomplish and why you want an MBA. You will need to
articulate your goals in your essays so it’s important to know what you hope to
get out of the experience.
Start cutting down the list to a reasonable number of schools for serious consideration and visits, which I suggest take place 12-18 months in advance of admission (and about which I will provide more advice in my next post).
Start cutting down the list to a reasonable number of schools for serious consideration and visits, which I suggest take place 12-18 months in advance of admission (and about which I will provide more advice in my next post).
Best of Luck!
Beth Lovisa, Forté Fellow
MBA 2014, Stern School of Business at NYU
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