My experience of applying for business school was one hell of a long haul. I think I first started thinking about doing an MBA in the Fall of 2006. It took me a long time to get myself moving; it took me until early 2008 to get my GMAT done. Then it was a whirlwind season of essays, interviews and everything else. Orlando has posted some excellent advice on shaping up an MBA application. Apart from what he has written, if I were to go through it again, there are some specific things that would have been useful for me to have known upfront. This advice may not be for everyone. What a relief that I don't have to take heed of it.
(1) The GMAT: Do the GMAT Prep software practice tests over and over again, reinstalling and installing the software to squeeze out as many new questions as possible. Particularly in the math section of the GMAT, the questions on the real exam are the same as those in the Prep software except with different numbers substituted in. You will eventually start to recognize the question types, from which you can start developing methods to tackle each type. The Manhattan GMAT forums were great for learning the theory behind the questions. I started copying the questions from the forums and grouping them into similar types. The Manhattan GMAT books are great for understanding the concepts.
(2) Get an "inside" contact. Can you find a recommender who is an alum of the school, yet who is still appropriate to do your recommendation? I know a girl who was denied by all 8 schools she applied to, except the one for which a recommender was an alumnus. I'm sure there are other factors to her applications, but I'm also sure the alumnus appeal is a strong influencer on some schools' adcoms. I know a guy who has gone a step further - he has started developing friendships with current and former student MBA application readers. Will they put in a good word for him when he applies? Perhaps most ambitious would be to impress faculty from the school. If you impressed them, would they make a note? ... Some people might ask "Am I gaining an unfair advantage"? I'm sure the adcoms are already wise to these antics. Among several thousand applicants, you might just be gaining a "fair shot".
(3) Take care of the little things. If you are applying to several schools, your applications will start to look similar - even when you try to make sure they are not. The subtle instructions in the applications are what matter. For example, the Kellogg asks about your "career plan". Harvard asks about your "career vision". Stanford asks about your "career aspiration". Wharton asks about your "career goal". I would suggest mixing up these terms will send alarm bells to the reader.
(4) The hunt for financial scholarships starts now. Applying in R1, I thought I would have plenty of time to look at scholarships and grants after I was admitted. I was wrong. Deadlines for some opportunities are before even the R1 deadlines, such as those for the Rotary Club. If there is one thing harder than getting into B School, it is finding someone that will give you free money to go.
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