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Category Archives: MBA
Submitted By Poonam Tandon
For the last couple of days, we have been discussing one essay tip every day. I have illustrated each of these super useful essay tips with examples from students’ essays. I hope you have enjoyed them. For those of you who missed some of them, here is a compilation of the links of all of the blog posts at one place.
Tip # 1 Comprehend the Essay Prompt
Tip # 2 Brainstorm Ideas/begin Writing
Read more about Helpful Tips for Creating Compelling Essays – a Summary by clicking here.
Submitted By Spencer Peng, PREP 4 GMAT
Getting an MBA is one of the best investments you can make in yourself and your future career, but taking that leap, and the ensuing $42K average post-MBA debt, is a leap of faith. But what if you could be part of the 43% of MBAs who graduate with no school debt at all?
If you’re starting to explore how to finance your business school education, you’re likely familiar with the various types of government-backed and private loans, as well as the possibility of using your own funds or receiving financial support from your family. You can, and should, explore all options available to you, but don’t forget to look into valuable business school scholarships: funding that rewards you for being a great candidate and better yet, funding you don’t have to pay back!
Check out these tips to uncover valuable MBA scholarship opportunities:
Read more about Show Me The Money – Your Guide to MBA Scholarships, by clicking here.
Submitted By AIGAC Platinum Sponsor- Prodigy Finance
Graduate degrees are investments. Every applicant knows it before they shortlist schools and contact admissions advisors. But, that doesn’t mean they have any idea where they’ll find the funds to pay for their education.
Different Types of Financing Are Available
There are a surprising number of ways to pay for graduate degrees, no matter how much that education costs.
- Savings and personal credit – There are (however few) applicants sitting on a pile of savings. More common, however, are the students still battling their undergrad debt. While personal (or family) savings make a small dent in the anticipated budgets of many students, this step makes it possible to see what other finances are needed.
- Scholarships, bursaries, and grants – Even when an applicant has plenty of savings, free money always relieves pressure. Finding the right scholarships takes time, as do the applications. But, these funds can make or break a budget and students shouldn’t wait until the last minute to look for opportunities.
- Family or personal loans – Students comfortable approaching family members may be able to borrow from them. Keep in mind that every government regulates personal loans or financial gifts in some manner. It’s crucial that students investigate and consider the ramifications before accepting any money. Ignoring the legal aspects can jeopardise the financial future of everyone involved.
- Government loans – Some countries make it easy for students by offering subsidised loans. Often, these are available to citizens even for international graduate degrees. It depends on the university and the government in question, but it is an option for some students.
- Private loans – The majority of students worldwide look towards private lenders to secure the funds they need. Some banks require collateral; others will not offer funds to international students – even at graduate level.
Where to Send Students for Information
Wading through all the options and weighing different opportunities takes time. It’s stressful, and it can be confusing. But, unless you have a qualification or license to do so, you can’t provide your clients with financial advice.
You can, however, show them where to find more information.
- Universities – Financial aid offices are a wealth of information for students. Schools often include admitted students on a database for financial aid as soon as they accept their position. University websites also provide information on preferred lenders and where to search for scholarships. Applicants can usually tap into these resources before admissions.
- Banks – Even if a grad student only qualifies for a single loan product, considering more than one option allows for comparison and deeper understanding of the right questions to ask before accepting any loan.
- Government resources – In countries where the government offers loans to students, this will likely be the starting point for financial assistance. Countries without federal loan schemes sometimes offer scholarships or loans for study towards needed skills. Students considering loans from family or friends should consult the tax division of the government for regulations on interpersonal loans.
- Educational loan providers – While not available everywhere, there are also lenders who work specifically with educational loans, such as CommonBond in the United States. International students can also take a look at Prodigy Finance for information on loans for qualified students studying abroad.
And, although you cannot provide financial advice to your clients, you may want to let them know that an early start is often the best way to secure scholarships. And, at the very least, it’s usually the best way to ensure on-campus housing is available and visa applications aren’t rushed. Then it’s back to reviewing personal statements and studying for the GRE.
Submitted By Spencer Peng, PREP 4 GMAT
MBA interviews can be nerve-racking for business school applicants, but if you want to make sure that you ruin your chances of admission, these nine tips should help.
1 .Don’t bother preparing. The name of the school is probably all you need to know. Being able to talk about specific classes and student organizations makes you look too eager.
2. Don’t focus too much on one school. Show business schools that they’ve got competition by name-dropping the other schools you’re applying to while you’re interviewing. If you want to make it even more clear, you can mix up the program names.
3. Recite your resume. Try not to paraphrase or shorten. Most MBA interviews are around 45 minutes so you should make sure that you resume takes up as much of that time as possible.
Read more about How to ruin your MBA interview by clicking here.
Submitted By ReachIvy Team
When applying for an MBA degree abroad, the interview is one of the most important steps in the application process. There are two main parts of the MBA interview process that you would need to prepare for – what the admissions committee or interviewer will be asking you, and what you will be asking them.
The questions from your interviewer will be centered on determining whether you are a good fit for their specific MBA program. Usually at the end of the interview (depending on whether it is more formally formatted or conversation based), you will be given a cue to share any specific questions that you may have for them. Although this is optional, by asking relevant, well thought-out questions, you have a chance to make a strong impression. Thus, the questions that you will be asking them should reflect your genuine interest in understanding whether this particular program is right for you, and whether it is the best investment of your time and money.
Read more about Questions to Impress your MBA Interviewer by clicking here.
Submitted By David Petersam, AdmissionsConsultants, Inc.
Holidays are, understandably, a popular time for b-school applicants to schedule their on-campus interviews. However, we’ve heard a few stories from applicants this season that highlight why it may not always be a good idea to go the popular route.
The problem with scheduling your interview on a holiday is that a lot of other people will be doing the same thing. One Round 2 applicant at a top b-school recently told us his on-campus interview left him feeling like a passenger on a bus tour – he said the only thing missing was a group t-shirt.
Read more about A Holiday Might Be the Worst Time to Schedule an MBA Interview by clicking here.
Submitted By Lawrence Linker, MBA Link
Have you ever walked out of an important job interview feeling like you hit a home run? The chemistry with the interviewer was awesome. The two of you had so much in common. The whole conversation was so natural and easy. You hit all the points you wanted. You poured your heart out. After the smiles and thank you’s, you walked out with a slight swagger, on Cloud 9, already daydreaming about the precise wording of that juicy offer surely coming in the mail.
Then you waited. And waited. You even send a follow-up note. Nothing. Nada.
Read more about Profile-Building: WHAT, WHY and HOW? by clicking here.
Submitted By Vibha Kagzi, CEO, ReachIvy
A business school application is not just a set of application forms that need to be filled out. There is also no silver bullet, no one formula for success. Building the right profile and accordingly, putting an impressive business school application together is an uncomfortably intense introspective process, where you develop a clear sense of self-awareness, which you can harness to maximize your strengths, and build scaffolds around your weaknesses.
Read more about Building a Stellar Profile and get admitted to a Top Global School by clicking here.
Submitted By myEssayReview.com
Essays are the most critical part of the application package for business schools that showcase those aspects of the applicants’ profile which other parts of their application package do not reveal. B-schools use essays as tools to know their prospective candidates outside of the typical academic and professional environment. When working with the B-school applicants on their application essays in the past five years, I have come across the following common mistakes which, I believe, can be easily avoided with careful thought and preparation!
Read more about MBA Application Essays- 10 Common Mistakes You Should Avoid by clicking here.
Submitted By Dan Bauer, The MBA Exchange
What exactly is a brand? Most of us consider it to mean a distinctive set of attributes intended to differentiate competing products of different companies. Coke vs. Pepsi. BMW vs. Mercedes. Verizon vs. AT&T.
Digging deeper, it’s helpful to think of a brand as a promise from the provider that the buyer’s experience with the branded product will meet or exceed expectations. If that promise is clear and credible, then the buyer is likely to believe it and make the purchase. This is true for soft drinks, automobiles, cellular services–and, yes, MBA applicants!
Read more about “Personal Branding” for MBA Applicants by clicking here.