Question by Rob M: MBA Program in New York: When to apply?
I just graduated with a Business degree in May and looking to get an MBA as soon as I can. I know that work experience is required for business schools; how long after graduation should someone apply to business school?
Best answer:
Answer by ownpool
There is a great career advantage in earning the MBA at a top-thirty program. Columbia, NYU, Cornell, and Rochester are in New York. Check out their websites for their recommendations for business experience. Two or three years is the norm. These schools are highly competitive for admission and you may want to apply to schools in New England and Pennsylvania as well.
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For the ones that will make a significant impact, like Columbia or NYU Stern? Typically 3-5 years, unless you’ve got rockstar undergrad business grades and GMAT scores. Focus on landing a good job and fleshing out your resume right now, so that the degree will take you where you want to go at the right point in your career instead of pricing you out of entry-level opportunities and making employers skeptical of how you’ll perform outside of the classroom.
MBA programs prefer students with 2-3 years work experience after the first degree. Some accept students right out of college if they have good grades and a high GMAT score. Some MBA programs are designed specifically for new college graduates without work experience. But in those programs you don’t get the benefit of learning from other students who have work experience. A lot of valuable learning takes place through class interaction. Also when you graduate your job offers will be about the same as a business undergraduate gets because you have no work experience, and you’ve been two years out of your undergraduate field so it’s hard to get work in that area.
Explore the Official MBA Guide. It’s a comprehensive free public service with more than 2,000 MBA programs listed worldwide. It allows you to search for programs by location (US, Europe, Far East, etc.), by concentration (finance, marketing, aviation management, health management, accounting, etc.), by type of program (full-time, distance learning, part-time, executive, and accelerated), and by listing your own criteria and preferences to get a list of universities that satisfy your needs. Schools report their accreditation status, tuition cost, number of students, class sizes, program length, and a lot of other data. Schools provide data on entrance requirements, program costs, program characteristics, joint degrees, and much more. You can use the Guide to contact schools of your choice, examine their data, visit their web site, and send them pre applications. You can see lists of top 40 schools ranked by starting salaries of graduates, GMAT scores, and other criteria.