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Before You Apply: Know the Different Types of MBA Programs

Before you apply, you should know that there are several different types of business school programs. Which one you select depends on your career goals. As you decide among these alternatives, you should consider four major factors:

  •  admissions requirements
  • the amount of time you’re willing to commit
  • cost
  • career goals

 

Program Options

Here’s a very brief overview of your choices. Program

Length

Professional Experience

Schedule

Full-time MBA

1–2 years

3+ years

Full time courseload

Part-time MBA

3+

0–3 years

Evening classes allow students to keep working full-time

Online MBA

2 years

0–3 years

Personalized schedule to be followed from home

Executive MBA (EMBA)

2 years

For execs with 8+ years

Generally meet on weekends to accommodate student’s busy work schedule

Early Career MBA

2+ years

For recent college grads

Full time courseload

Global MBA

1–2 years

For execs (middle- and upper-level managers) from all over the world

Full-time courseload

Certificate Programs*

1–2 semesters (varies by school)

Not required

4 to 6 courses

 

When weighing your options, consider these four questions.

1. ADMISSIONS REQUIREMENTS: ARE YOU EXPERIENCED?

The amount of work experience required varies greatly between programs. There are some full-time programs (like those offered as part of a five-year BA/MBA degree program) that require little or no work experience. Most full-time programs, however, require at least three years of post-undergraduate professional experience. If you are a recent college grad, you might want to consider an Early Career MBA program. Part-time programs typically prefer three years of work experience, although they will admit students with less. EMBA candidates, on the other hand, often need at least eight years of professional experience at the management level. Certificate programs typically have the least stringent admissions requirements; work experience is rarely required.

You may be tempted to fast-track your career by entering an MBA program directly after college. This suits some, but many find the experience disappointing because they lack the practical knowledge necessary to apply what they learn in the classroom. In addition, they can contribute little to classroom discussion.


2. TIME COMMITMENT: ARE WE THERE YET?

If you want the degree as soon as possible, you should consider enrolling in a full-time program. Some deliver the degree in as little as 12 months. Part-time programs often require three to four years, although students with undergraduate degrees in business can sometimes place out of certain coursework. Both EMBA and online programs generally take two years to complete. Between work and school obligations, EMBAs are extremely time-consuming; prepare to forfeit nearly all of your free time if you pursue this option. Online MBAs, on the other hands, offer flexibility in terms of how many credits you take per semester, or how long it takes you to complete the program. If you’re looking for a quick fix, a certificate program may be the way to go. At Wharton, for example, certificate programs consist of four to six courses that students typically complete over two semesters. That’s a relatively small commitment that can yield big rewards.


3. COST: WHO PAYS?

Graduate degrees aren’t cheap. Some scholarship money is available for full-time MBA students, but unfortunately, many programs don’t offer financial aid to international students. However, in many cases, students enrolled in part-time, EMBA, and certificate programs receive partial or full reimbursement from their employers. There’s a catch, of course—most reimbursement programs require recipients to remain with the employer for a number of years after earning their degree. And if your employer has no reimbursement program, you will foot the bill. 3

 

4. CAREER GOALS: UPGRADE OR CLEAN BREAK?

If you want to improve your position with your current employer, a part-time or certificate program is a good fit. Each allows you to enhance your professional skills and increase your value. Best of all, you can usually do it at your employer’s expense. And don’t forget online MBA programs, which allow you to complete your courses from home or work.

If, however, you are looking to start a new career or find a new job, a full-time program is probably your best bet. A part-time program will slow your progress, and one of the main incentives to study part-time (employer reimbursement) probably won’t be available. Look for online programs that offer plenty of opportunities to network with professors and fellow students (usually during weekend immersion projects).


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A Guide for International Applicants to U.S. Business Schools

 

An MBA from an American program holds international cache and is valued on the global market. Getting into a good American business school, however, can involve some extra work for foreign students.

If you’re an international applicant, here are some factors you should consider before you apply:

ENGLISH

Unless you’re a native English speaker or you’ve earned an undergraduate degree from an American university, business schools will probably require you to take the Test of English as a Foreign Language (TOEFL).

Because business school requires a substantial amount of heavy reading, group projects, and papers, if you’re not comfortable reading, writing, speaking, and comprehending English, you may have difficulty during the program. Can you read an entire section of the Wall Street Journal without feeling fatigued? If not, you may want to work on your language skills before taking the TOEFL.

TRANSCRIPTS

Your undergraduate university will need to send an official transcript of your courses and grades to your prospective schools. Expect to pay a fee for this service. It can take anywhere from three weeks to three months for the transcripts to be sent, so request them as soon as you have chosen the business schools to which you’ll apply.

Also, it is likely that you’ll need to submit an evaluation along with your actual transcript. An evaluation converts your transcript into the U.S. format. It allows admissions officers at American schools to assess your undergraduate coursework and compare it to U.S. standards. There are fee-based evaluation services that will do this for you. Investigate them early and thoroughly. Some evaluation services will even provide you with a standard U.S. grade point average (GPA) equivalent.

RECOMMENDATIONS

Request recommendations from people with whom you work and who know you well, and who write English well enough to be understood. The more specific the recommendation is, the more powerful impression it will make! It’s better to get recommendations from people 2

who are familiar with your work and can give an accurate description of you, even if they are not influential or well-known.

ESSAYS

Essays are your chance to show the admissions committee what makes you stand out from the other applicants. Be direct and honest, and allow your own personality to come through. Although the admissions committee will know if English is not your native language, have a native English speaker read your statements to check for mistakes.

STUDENT VISAS

Once you are admitted to a business school, you should contact them immediately to begin the application process for a student visa. You don’t want to miss the first few weeks of classes (and all that important networking time) because you’re not able to be in the country. Your program will be able to help you with the paperwork.

FINANCING YOUR EDUCATION

Unfortunately, most American MBA programs don’t offer grant money to foreign students, so you’ll need to be sure you can pay your own way. Many will also require a substantial deposit, if not the full amount, before classes begin. If your company will be paying for the program, begin making the arrangements as soon as you choose a school. Know what your employer will and will not cover. And take note: you’ll probably need to prove you can pay for at least one year of school in order to receive a student visa.

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How to register yourself for the GMAT?

The GMAT exam is given year-round in most locations around the world. The easiest way to register for the GMAT is online at the official GMAT website. You will be given a list of dates, times, and testing centers that are located near you.

Picking Your Test Date
Schedule your test early enough to ensure that your scores are available by your application deadlines. You can find deadlines for business programs on the “Admissions” tab of The Princeton Review’s school profiles section on our website.

Choosing Time of Day
One of the advantages of the GMAT is that you get to schedule the time of the exam. If you are not a morning person, ask for an afternoon time slot. If you can’t think after midday, ask for a morning time slot. Keep in mind that certain slots get filled quickly, so be sure to register as early as possible.
GMAT Registration Fee
The registration fee is $250 (worldwide). Those who schedule an exam in certain countries will incur taxes. Tax rate information is available at MBA.com in the GMAT registration section. Note that checks or money orders payable in U.S. dollars must be drawn from banks located in the United States or Canada.
Preparing for Your Test Date
Take a free GMAT practice test on our website to see how you stack up and what sections you need to focus on. Ready to start your prep? Pick up a copy of Cracking the GMAT, which has everything you need to know to ace the GMAT, to get started!
BETTER STRATEGIES. HIGHER SCORES.


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Business School Essays: Do ’s and Don’ts

Business school admissions committees care about more than GMAT scores and GPA. They want to know who you are and why you belong in business school.

The essays are your best chance to sell the person behind the resume. They should tie all the pieces of your application together and create a comprehensive picture of who you are.

Here is a list of do’s and don’ts to keep in mind as you begin to write:

Do ’s

  1. Communicate that you are a proactive, can-do sort of person. Business schools want leaders, not applicants content with following the herd.
  2. Put yourself on ego–alert. Stress what makes you unique, not what makes you “number one.”
  3. Communicate specific reasons why you’re a “fit” for a school. Simply stating “I am the ideal candidate for your program” won’t convince the admission committee to push you into the admit pile.
  4. Bring passion to your writing. Admissions officers want to know what excites you. Being passionate in your essay indicates that you’ll bring a similar enthusiasm to the classroom, which they want.
  5. Break the mold. Challenge perceptions with unexpected essays that say, “There’s more to me than you think.”
  6. If you’ve taken an unorthodox path to b-school, play it up. Admissions officers see a lot of similar, run-of-the-mill applicants, so they appreciate both risk-takers and unusual applicants.
  7. Talk about your gender, ethnicity, minority status, or foreign background—but only if it has affected your outlook or experiences.
  8. Fill your essays with plenty of real–life examples. These will support your thesis and bring your story to life.
  9. Demonstrate a sense of humor or vulnerability. You’re a real person, and it’s okay to show it!

Don’ts

  1. Write about your secondary school glory days. Admissions committees don’t care if you were editor of the yearbook or captain of the varsity team; it’s been years since then, and you’ve presumably been to college and perhaps into the workforce. They expect their candidates to have moved onto more current, professional achievements.
  2. Submit essays that don’t answer the questions. An off-topic essay, or one that merely restates your resume, will frustrate and bore the admissions committee. More importantly, it won’t lead to any new insight about you.
  3. Fill essays with industry jargon. Construct your essays with only enough detail about your job to frame your story and make your point.
  4. Reveal half-baked reasons for wanting the MBA. Admissions officers favor applicants who have well-defined goals. However unsure you are about your future, it’s critical that you demonstrate that you have a plan.
  5. Exceed the recommended word limits. This suggests you don’t know how to follow directions, operate within constraints, or organize your thoughts.
  6. Submit an application full of typos and grammatical errors. A sloppy application suggests a sloppy attitude.
  7. Send one school an essay intended for another—or forget to change the school name when using the same essay for several applications. Admissions committees are (understandably!) insulted when they see another school’s name or forms.
  8. Make excuses. If your undergraduate experience was one long party, be honest. Discuss how you’ve matured, both personally and professionally.
  9. Be impersonal in the personal statement. Many applicants avoid the personal like the plague. Admissions officers want to know about YOU.
  10. Make too many generalizations. An essay full of generalizations is a giveaway that you don’t have anything to say.
  11. Write in a vacuum. Make sure that each of your essays reinforce and build on the others. Think of each statement as one note in a song


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