Is Now The Right Time To Apply To The Top Ranked MBA Programs

Publisher
Fri, 27 Sep 2019 21:08:47 +0000

Agree that application requirements can be completed in well less than a year. Many take a few months to prep for the GMAT or GRE before making a decision as to whether or not to apply to fulltime MBA programs which require one to sacrifice almost 2 years of income–in addition to paying substantial sums for tuition, fees, books, travel, room & board.

Many potential applicants retake the GMAT ot GRE because they only want to apply to M-7 MBA programs where GMAT scores have increased dramatically over the past several years.

Some start the process early knowing that standardized test scores are valid for 5 years, then work toward a promotion or other business accomplishment which can be reflected on their MBA application.

For some, leaving a career in progress may be easy, but for others the timing must be right.

In closing, I would like to note, as stated in my original post which started this thread, I am only referring to those applying to top ranked, fulltime MBA programs— a near 2 year committment which often costs between $360,000 to well over $400,000 when lost income (opportunity cost) is considered.