MBA Entrance Preparation
MBA in general is considered to be a costly affair; you need to estimate the total amount that is required to be spent for the entire course; this includes tuition fee, course materials and in some cases, the schools would mandate a stay in their campus, which would cost separately.
There are a variety of options, when it comes to MBA; first, you need to start your MBA preparation, by acquiring the knowledge of the schools and the requirements of the schools. The best way to know about the school rankings is to get the up-to-date published data from reliable magazines, or websites.
You may want to choose the list of schools considering the following aspects:
- Class Size
- Teaching Method
- Program Reputation
- Tuition Costs
- Financial Aid Packages
- Career Development / Internship Programs
- Career Placement Statistics
Another important aspect of choosing schools might depend upon the time that you are willing to spend for your education. Are you interested in a part time program; a full time program? Or, how about studying online? Before making a decision, it would be better to take a look at all the B-schools options, available to you.
You can often connect with the students of any B-school; the B-school websites often host platform for people to ask questions and share information about their student body. Also you can connect with the school alumni and understand the prospects of the school from the employers’ point of view; the success of the alumni in turn speaks for the school’s success. This hands-on approach can usually help you in finding the B-school, best suited to your academic needs and career goals.
Once, you have the list of your dream B-schools, then, it is the right time for the actual preparation of the test. The exam you want to take depends on where you want to do your MBA i.e. either in India, or abroad. If it is in India, then you may need to take CAT (there are also other schools, who conduct other exams like XAT), else you need to take GMAT. The test strategy depends on whether you want to take GMAT, or CAT. Irrespective of the exam, make yourselves aware of the most up-to-date information about the test syllabus; you can usually visit authoritative websites for each of these tests to get the best information.
Planning your test and working towards your exam is the next milestone. Get the appropriate schedule of the school admissions and make sure that you can submit your scores, well in advance. Tests are just, one part of the selection methods, by the B-schools, as most of them require you to submit your previous academic performance; work experience; recommendations and also how you perform on their interviews and group discussions.
Above all, executing your plans in an effective way would be one of the most significant steps towards accomplishing your goal!