Trying to get into business school can be
gruesome, and you're not even guaranteed a spot on the consultancy firm you're
eyeing even if you graduate. The statistics are alarming: Wall Street has lost
34,000 jobs, and only fourteen percent of MBA graduates at the average business
school secured consulting jobs last year (down from twenty-four percent five
years ago). But getting into a top-rated business school might just get you
that extra lift you badly need to get to the top yourself.
Getting into a business school is difficult,
depending on your grades and your financial means. First, you need to think
about what specific field you want to study. When you have done that, the next
thing is to acquire a decent budget. Remember-the top has its price, and it
isn't cheap.
After you've done that, try looking at their
requirements; most of them have units in finance as prerequisites or require
job experience (for graduate school). Preparing yourself for the interview is
very helpful, as some of the top-rated business schools tend to accept students
with better-developed personalities. State business schools are a way to go if
you want a decent school without the "price over quality" tag some
private business schools have. Some state-run schools are top rated, too, but
admission is very competitive.
If you're planning on entering a private
business school, there are many to choose from. Try to research which field the
school is known for and then weigh your options. A well-known name or a general
reputation of a school may appear more than it actually is, so you have to be
careful not to be deceived with this. A true top business school produces the
best students; research the top executives running the big companies or those who
own successful consultancy firms today and see which school they graduated
from.
Once you've entered business school, you will
find that the lessons are more realistic in a sense that the cases you study or
are presented with are from actual situations in the corporate world. You might
be embedded in a lot of research work for this and that can become overwhelming
if you're working part time. Don't get fooled by Tom Cruise in "Risky
Business." These schools can be exhausting.
Another thing to check is the faculty and
research facilities they have. How many books have the faculty published and
how efficient are the laboratories and libraries? Scheduling for a campus tour
must cover these things.
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