MBA in US-Application process
The Master’s of Business Administration degree is not as new as you thought. It dates back to 1900s when Tuck School of Business (Dartmouth College) USA began awarding Master’s degree in commercial sciences. This practice evolved rapidly and was embraced by other well-known universities such as Harvard, University of Chicago Booth, and Thunderbird School of Global Management etc. Soon other countries followed suit and started collaborating with universities in the US to award MBA’s to working professionals.
A Full Time MBA or Accelerated MBA programme is covered in two academic years. The minimum eligibility is that the student must be a graduate with a minimum of two- three years of real work experience; most business schools also require the GMAT scores.
Working professionals who can dedicate only a few hours may pursue a part-time MBA or Modular MBA programme where classes are conducted either in the evenings or on weekends. These programmes may last for three years or more.
An Executive MBA or EMBA programme covered in two years or less caters to managers and executives who work full time. Professionals who participate in such a programme belong to diverse fields. The work experience requirement is generally much higher.
Admission to a US business school usually requires a bachelor's degree and a minimum of two to three years of work experience.
Most graduate programmes of business schools require you to take the Graduate Management Admission Test® (GMAT), while some accept the Graduate Record Examination (GRE) scores. The exam measures verbal reasoning, quantitative reasoning, critical thinking, and analytical writing skills. You may also be required to take an English proficiency test such as TOEFL or IELTS.
Real work experience, extracurricular activities, community service activities etc help the schools in gauging the student’s potential. Some MBA degrees do not require students to have an undergraduate degree and consider five or more years work experience which is considered equivalent to a graduate degree.
How to apply to a university?
Selection of course: This is obviously your first priority – selection of a programme. If you choose according to your aptitude and interest and after considering the right field, you can open up doors for yourself to a highly successful career. A US MBA degree prepares highly skilled and influential professionals with ample industrial expertise.
Different options/ programmes that you can to apply to:
The different fields from which you can select are -
- Investment management
- Corporate finance
- International Business
- Management Information Systems
- Management Science
- Operations Management
- Organizational Design
- Project Management
- Real Estate
- Risk Management And Strategy
- Operations Research
- Organizational Behavior
- Financial Management
- Human Resource Management
- Marketing Management
- Operations Management
List of universities: There are various websites, magazines and other sources that provide different rankings of various universities. While choosing a university, you must not blindly follow these rankings. Instead, consider various factors such as location, placement, quality of course provided, research conducted at the university and the likes. This is where a counselor steps in. Don’t hesitate to take the guidance of an experienced counselor, as these are life-changing decisions.
Review the admission requirements for the course & universities of your choice.
Selection of the entrance exam: After having decided on a post-graduate/master’s programme in the US, one of the many choices that you will need to make is whether to take the GRE or GMAT. GMAT is specifically for management courses and a few MS courses while GRE is for all the other courses. You can also take subject-specific GRE.
You may also be required to take the TOEFL – Test of English as a foreign language. The TOEFL is an Internet- based test that measures your proficiency in English language. Students from regions where English is not the native language are required to take this test to prove their language proficiency, so as to study in an English-speaking country. Many US universities are now also accepting IELTS scores in lieu of TOEFL. So now it’s either TOEFL or IETLS.
Requirements for application approval: A resume is one of the most important documents that have to be sent to the university as a representation of your qualifications, work experience if any, honors, education and interests. It acts as a supplement to your personal statement and letters of recommendation. The resume serves as an opportunity for you to highlight your skill sets.
What is Statement of purpose or Goal statement? Why is it important?
It is a statement or essay about your purpose of applying to a particular graduate school. Students are required to write an essay explaining their main goal or purpose in life, which would support their decision of joining that college. Most universities give tips on what they would like to read in the SOP, and how long it should be.
An SOP must be written by keeping in mind various factors such as clarity of thought, proper line of reasoning for choices made, goals and your personal traits that will help you achieve them. It is important to be precise without being too flashy. It has to have content, your objectives and goals and should be relevant to the course you are applying for.
A business school needs to understand your purpose of studying there. They want to determine whether you will be a value addition to their school. Hence, an SOP is a very important document to determine if you will get an admission.
What is the letter of recommendation (LOR)?
Letters of reference or recommendation letters play a very important part in your admission especially in courses that earn you a master’s or doctoral degree. A recommendation letter is a signed statement from a person who knows you well or has taught you in a subject at school or college. It should list out your positive and negatives and give pointers about your academic or non-academic achievements.
The recommenders must indicate their position, how long they have known the applicant and in what capacity. He/she should briefly discuss the need, importance and usefulness of the study the applicant proposes to undertake. Recommenders are usually asked to rank applicants in their letters of recommendation, which helps admission officers to interpret the academic credentials of foreign students.
Students should obtain letters of recommendation (often on the prescribed forms sent by the institutions) from teachers who know them as a person as well as a student and/or from employers who have worked with them. Concrete examples can be given by the professor/teacher/employer to demonstrate the skills of applicant, which will increase their chances of selection.
Many universities have their own format and questions that have to be answered by the person who is writing the letter of recommendation on your behalf. Letters have to be relevantly informative and should cover all the points required by the university to ensure the admission is done smoothly.
Submit your application:
You would need to create an online account on the university’s website. You will have to submit all the forms and documents. Nowadays most forms and documents can be uploaded online, some may ask for a physical package. The application fee can be paid online as well. You should keep an eye on the application deadline and prepare accordingly.