Demystifying the MBA Application Process
Is it true that there is a standard timeline that everyone should follow for the application process?
MYTH! Everyone’s application timeline is going to be unique and more often than not there will be stops and starts along the way. Some people can crush the GMAT on the first try with a month of studying, but more commonly the GMAT process alone takes anywhere from 3-9 months and you definitely want to leave some buffer room for a retake (Sarah and Tori both took the GMAT more than one time). Overall most people spend nine months to a year on the process.
Is it true that you need to have a 760+ GMAT to get into a top program?
MYTH! You don’t need to need to have a 760+ to be admitted to a top program. However, as explained by Menlo Coaching in an article here, there are a lot of good reasons to put your best foot forward when it comes to the GMAT.
Is it true that you should write your letter of recommendation for your boss?
MYTH! It is against the honor code of the application to write your letter of recommendation for your boss. That doesn’t mean you want to leave the content of the recommendation up to chance. The best thing to do is provide your recommender your full application packet including a list of the qualities you would like them to highlight as well as specific examples of times you have demonstrated those qualities. You want to make sure your recommendations complement and reinforce the ideas you present in the rest of your application. As Tori mentioned, it’s a lot easier to be complimentary about someone else than yourself, a major benefit of letting your recommenders write the words themselves. Remember to give your recommenders plenty of time (1 month+ depending on how many they are writing for you)!
Is it true that networking is the most valuable aspect of getting an MBA?
MOSTLY A MYTH! Networking is definitely ONE valuable part of the MBA experience especially for those who want to continue in finance careers, but you can expect to gain much more from an MBA than just networking. Our ACE fellows Tori and Sarah both highlighted developing leadership capabilities and learning from peers with different backgrounds as reasons for wanting to get an MBA. Menlo Coaching dives in here to help you think through why an MBA might be valuable for you.
Is it true that you need to demonstrate engagement across a variety of extracurriculars?
MYTH! No one needs 100 extracurriculars on their resumes. In fact, it’s better to showcase deep involvement with tangible impact. See how Menlo Coaching thinks about extracurriculars on the MBA application here.
Is it true that as an MBA student you will only have time to thrive in one of the following: academics, social life, job search?
REALITY! There are so many incredible opportunities in academics, social life, and careers that you can’t possibly do it all. As an MBA student, you will constantly be juggling different activities and priorities. To avoid being overwhelmed and have the best experience, Tori recommends going into business school with a clear idea of what matters most to you and using that as your ‘North Star’ throughout your experience.
