August 18, 2005

Checklist for MBA Prep



1. Which type are you – want to do an MBA program “this” year or want to do an MBA program from a “particular” institute
2. Decide the above
3. Apply to your undergrad college for transcripts
4. Even if you haven’t decided, but decided that you want to do an MBA program, take GMAT
5. Unless you are too good in both math and verbal, give yourself three months. Be good to yourself.
6. Don’t think about a second attempt. If you goof up the exam, then please DO give a second attempt
7. MBA from a good b-school is expensive. Please include GMAT prep and miscellaneous costs in the total costs. It does not hurt. The idea of paying USD 250 or USD 500 (for retakes) to GMAC, that is.
8. Give yourself at least a month for each school. Essays can’t be written in a sitting. You need to revise them a dozen times.
9. Wherever possible, inform the boss of your plans. Request him to be your recommender.
10. Coach your recommenders. This is the weakest link and something beyond your control.
11. In case the recommender asks you to write the recommendation yourself, try and see if someone else can write the recommendation.
12. If you can’t find someone else, you don’t have an option but to write it yourself. Make sure you at least discuss with the recommenders what they want to write about you.
13. All the while, keep thinking about finance. Reduce expenses. Try to put some savings behind. Scan for potential personal guarantors.
14. Ensure GMAC has sent your GMAT score to your potential b-schools
15. Be meticulous. Don’t make last minute goof ups. If you are applying online, ensure you have not waited till the last hour to push the application. If you are sending a hard application, choose a good courier. Don’t expect the courier to be more efficient than its worst possible service.
16. Read newspaper. Watch news.
17. Having prepared essays, having thought about why MBA, you are fully prepared for the interview. Even then, think about all the possible questions. Prepare your answers. Rehearse.
18. Celebrate at each stage. Good GMAT needs one. An interview call needs one. An admit letter needs one.

PS: I may have missed some points. Please feel free to add.

Vijay Mulbagal

2 Comments:

At 3:40 PM, Anonymous Anonymous said...

Hey, nice article. Any tips for those who have got admission in a school for their MBA and have 2-3 months to go. Any preparation needed (they say engineers find it difficult to follow accounts.. so what abt taking accountancy basic course.. what say? ) ... do write on this if u get time.. may be some good books to read up in this time..

./amit

 
At 2:45 PM, Blogger Bhaskar said...

hello !
I have bookmarked this blog, its my dream to be in ISB.
But frankly i m very poor in english and afraid of what to do and when to apply, as i m stil in final yr of undergrad.
I guess 3rd Oct this year is too early to apply without any Gmat prep or essay or reco etc...
if y can mail me to bhaskar4006@yahoo.com ur suggestions on how to go for it, i will b greatfull :)

 

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