Most top schools have a rigorous admission process to select students into their programs. Admission decisions are not formula-driven but depend on the applicant's overall profile.
The application procedure should be carefully completed with all requested information showing the qualifications and suitability that the schools have requested. The admission selection process is highly competitive-with the best candidates competing for a restricted number of school openings. A candidate's undergraduate performance, GMAT® and TOEFLTM test scores (when required), length and quality of work experience, career goals, resume, personal essays, and recommendation letters are different elements of an MBA application. All Business Schools require candidates to hold at least a Bachelor's Degree or its equivalent. It is not mandatory to have earlier exposure to business studies to be accepted into an MBA Program. Academic results form a vital component of one's application.Any area that positively reflects one's past interests and experiences is a definite plus. Extracurricular activities that are considered a past success should be emphasized.
Because of the rigors of Business School, admissions committees look for students who are able to motivate and discipline themselves to learn and to balance academic pursuits with their personal lives. Good responses to essay questions and the length and quality of the applicant's work experience contribute in making a strong application.
Financial assistance and loan programs for non-US citizens are available though they are very limited. Some of the larger, well-established programs have more funding available or at least more programs in place to help students finance their MBAs. All Indian banks give education loans at nominal rate of interest, and it is a good idea to avail of these loans in case one is looking for external sources of funding.
The evidence of financial support is required by universities to issue the documents needed for visa application. Applicants are also required to submit a bank statement demonstrating their financial capacity to support their education.
Read More: Importance of work experience in an MBA application
Students wishing to pursue a Master's or PhD in Engineering or Sciences (Computer, Electrical, Mechanical, Chemical etc.) or a Master's or PhD in Economics or Arts subjects need to supplement their application profile with GRE® and TOEFLTM scores. For some PhD programs, Subject GRE®s might also be required. For admission to post graduate courses, you need to have a Bachelor's degree. Applications to most graduate programs include details of past academic record, statement of purpose indicating the applicant's areas of interest, recommendation letters, financial statements showing adequate proof of funding and application forms of the universities. The range and choice of courses available in universities abroad is quite exhaustive and one can always find the course of one's choice.
Most universities in the US and UK have academic sessions starting in Fall (August/September) and Spring (January/February). It is advisable to apply about six months prior to your intended date of enrolment. But don't forget to check the application deadline of each university.
Funding options are available to international students for most graduate programs in the form of scholarships, tuition waivers, and research and teaching assistantships though they might not be enough to cover your entire expenses. Most aid in graduate programs is based on merit, and also depends on the funding available to each university in this regard.
High School academic record, SAT® scores (when required), personal essays, recommendation letters from teachers, and financial statements are the key elements that form a part of undergraduate applications. The choice of courses available is varied and exhaustive.
Most universities in the US and UK have academic sessions starting in Fall (August/September) and Spring (January/February). It is advisable to apply about six months prior to your intended date of enrolment. But don't forget to check the application deadline of each university.
Few top Universities such as Harvard, MIT, Yale, etc. give upto 100% Need Based scholarships. Their admission policy is need-blind. Few top Universities such as Brown, Stanford, Johns Hopkins, etc. give upto 100% Need Based aid. However, their admission policy is not need-blind. Few top Universities such as Cornell, Duke, etc. give a combination of need-based and merit-based scholarships upto 100%. A lot of schools give merit based scholarships upto 100%. Students with SAT scores more than 1900 can look forward to scholarships provided they choose their universities carefully. Part-time jobs are also available on campus, and students can expect to cover a part of their living cost by working part time, so earn as you learn.