GyanOne’s guide to MBA Rankings
Scouring MBA rankings? Ready to finally take the plunge and apply to B school? Deciding that you would like to seek business education at the master’s level is a key step in determining firmly the direction of your future career. At GyanOne, we believe that the next most critical step is determining the right B-school(s) to apply to. Here is our take on how one should approach the B school selection process:
It is not just the MBA rankings, decide what is best for you: Unfortunately, a lot of people still pick schools as if they were dishes in a restaurant (“I’ll have what everyone’s having”). It is important to realize that B school selection does not subscribe to a ‘one size fits all’ formula. What is appropriate for your friend from college may not be appropriate for you. The two of you may have different achievements, grades, GMAT scores, and just plain preferences. Deciding to apply to schools based on others’ opinions is criminal. The only other people who you should perhaps bank on are admissions consultants (yes, I know we say this tongue in cheek, but it is also true). This is because they are professionals, and can help you identify the right schools based on your profile and preferences. Choosing the right admissions consultant is another matter, altogether, and in our blog we have noted some strategies that you can adopt in this regard.
Don’t look at just one parameter: When looking at a school, evaluate it holistically. So, if MBA rankings is all that you are basing your decision on, then, remember, it is just one of the things that matters. Just because a school is ranked in the top five in a region does not mean it will be the best to help you reach your goals. Similarly, just because a school has an average GMAT score that is below your own, do not assume that you are an automatic fit for the school. Schools look at you from multiple perspectives, and you should look at them that way too. Assuming that one (or only a few) parameters on either side are enough for a sound decision is a mistake.
Create a portfolio: Far too many people apply to only a select few schools and then find that they need to wait for another year to get to their second choices. Go through the MBA rankings list and come up with a personal list of favorites. We recommend that you break up your choice of schools into at least three categories: stretch (or schools that you have a low chance of securing an admit with), target (or schools that you have a medium to high chance of getting into), and safe (or schools where you would get in under most circumstances barring a blunder in your application or interview). This will ensure that even if you do not get into the schools that are your first choice, you can still secure an admit with your lower preference schools and then decide. A final caveat here: a ‘safe’ school is not an undesirable school. It is just a school that is less desirable than others. If you are sure that you will not attend a specific institution no matter what, don’t apply there.
Create a schedule: Don’t just apply to any school that is still accepting applications. Look at school deadlines early in the application season, and then decide on when you will need to work on what application. If you are an international applicant, make sure that you apply in time for R1 or R2 applications.
For more tips and suggestions on the parameters to look for in a B-school, or to seek our suggestions on the B-schools that most suit your profile, get in touch with us here.
We list below some B-schools based on the geography they lie in. The list is not in order of prestige or rank.
Top US MBA Rankings
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