Tag: MBA (page 2 of 14)

All about MBA at HEC Paris!

The MBA is undoubtedly one of the most elite degrees, and rightly so; because no company can run without management. And attaining a formal business education is the smartest way to get ahead in your career. Whether you’re aiming for the next promotion, looking to switch entire industries or start your very own company, an MBA is your golden ticket, and, if you pursue one from a top university, the sky is your limit. One such institute that holds the crown in all of Europe is HEC Paris.

Located in the city of lights, HEC Paris has held its reputation as one of the top international management universities for almost 140 years and its flagship MBA program is ranked 5th in the entire world (QS Global MBA Rankings 2021). This is also among the most selective schools in all of Europe, with the HEC Paris MBA acceptance rate ranging around 5-6%. HEC is also one of the very few institutes in the world that holds triple accreditation (AACSB, AMBA, EQUIS). Did you know? HEC holds the record for the most alumni that are Fortune 500 CEOs, surprisingly it’s not Harvard! Here are 5 more reasons you should consider this top B-school.

  1. Top Ranked MBA
  2. The HEC Paris MBA ranking is #1 among European Business Schools (Financial Times 2019) and 5th in the world (QS World Rankings). The faculty and team at HEC are highly experienced academicians and aim to create business leaders of the future. What more do you need to confirm that this school provides a competitive and globally recognized education to its students?

  3. Return on Investment
  4. The HEC Paris MBA fees is 72,500 € ($85,000) plus you can get generous scholarships. In comparison to programs in top Business schools in the US, UK and Australia which have an average tuition fee upwards of $100,000, the HEC MBA is less expensive and extra valuable. Moreover, the MBA class at HEC on an average doubled their previous salaries, and the mean value stands at about $128,000/ Year. See? Your salary will be more than your entire tuition fees combined, a terrific ROI indeed.

  5. Global Exposure
  6. Did we mention that HEC Paris is truly an international Business school? Each class has about 60 nationalities, and the diversity rate here is 93%. Meaning that for every 100 students, 93 of them are international. The HEC MBA is a great opportunity to connect and learn from students all over the world. You can build a global network which can help greatly in advancing your career.

  7. Alumni Base
  8. HEC has over 60,000 alumni across 152 countries, and an active alumni association. They hold events, workshops and offer career advice. You can always contact alumni for advice on advancing your career, in this vast network of people, there’s bound to be someone who can help you. Moreover, alumni reach out to HEC graduates with top job offers, and you might even get a referral for your dream company.

  9. Change Role or Industry
  10. The MBA program here is perfect for you if you’re looking to change your industry, the records for 2019 show that 82% of their graduates ended up working in a different sector from before their MBA. Also, 70% of their students swap functions, be it from tech to management, operations to finance or anything else. So, rest assured that you will have proper guidance and support to pursue your dream job, in your ideal sector and your chosen country.

Convinced? If you are, then let’s take a look at the different programs offered and the HEC Paris MBA requirements.

  • MBA
  • The full-time MBA at HEC Paris is its flagship program. It runs for 16 months and the teaching language in English. You can choose to do a specialization in disciplines like digital innovation, entrepreneurship, strategy, sustainable innovation, etc.

    Intakes: Jan and Dec
    Requirements: Work experience of 2-10 years
    Cost: 72,500 €

  • Executive MBA
  • Ideal for professionals with extensive work experience, the EMBA at HEC is ranked among the top in Europe. This is a part-time program that runs for a duration of 15 to 18 months. You can choose to specialize in areas such as Negotiation and governance, Change Management, Social Business, Strategy and more.

    Requirements: Work experience of 8-20 years
    Cost: 82,950 €

  • TRIUM Global Executive MBA
  • This is a part-time EMBA that is ideal for high-level executives who are working internationally. The program is run collectively by three top B-schools, HEC Paris, London School of Economics & Political Science and the Stern School of Business (New York University).

    Requirements: Work experience of 8-20 years
    Cost: 185,150 $

HEC Paris is also known for two master’s programs, its MSc in international finance and it’s Masters in Management, but that’s an article for another day so keep a lookout.

HEC Paris offers a world-class education with the luxury of studying in Paris. So, if this has turned out to be your dream school, reach out to us to find out more exclusive info and get advice on your application. Remember, the acceptance rate is 6%, so there’s nothing wrong with getting all the help you can!

Specialized MBA vs General MBA – Which is better in the post-COVID world?

Who would’ve thought that the 21st century would see a pandemic, right? With advanced healthcare, increased life spans and an overall advancement in technology, it’s surprising that a tiny virus could cause such global chaos. However, on this dark cloud, there’s a faint silver lining for MBA students. GMAC’s recent corporate survey states that 89% of employers are planning to hire MBA graduates. This number dipped to 77% during the second wave of the lockdown, scaring off a lot of potential students. So now you know that an MBA is still very much in demand, and pursuing one right now will definitely give you an edge.

The real question is, what kind of MBA should you pick? Glad you asked! There are two broad buckets that MBA’s can be divided into; a general MBA vs a specialized MBA. In this blog, we will analyze the pros and cons of each type and help you get to an answer for the looming question above.

  • The General MBA.
  • Through a general MBA, you can develop a broader knowledge base. You will learn the fundamentals of almost everything business-related, and the skills developed here can be used across various industries. Also, you will have the chance to acquire relevant soft skills such as critical thinking, communication and creativity. And the demand for these all-rounders is pretty high.

    The drawbacks are that you might not get a chance to work in your dream industry (if you have one). Another major concern is the fact that MBA’s require both monetary and time investment, so it’s important to figure out beforehand if you can afford to spend it. A general MBA is ideal if you’re looking for a career change, or have no particular role or industry in mind.

  • The Specialized MBA
  • Here, there are two more types, a specialized MBA and an MBA with a specialization. The primary difference between these two is that the former only teaches you about one particular domain and often lasts for about a year. However, an MBA with a specialization usually takes longer, and here you will not only focus on a particular domain but learn the ropes of everything that’s covered in a general MBA too. This is a perfect choice if you have a particular role or a specific industry in mind.

    Here’s some more information about the most in-demand MBA specializations and the answer to the age-old question, which MBA specialization is best paid!

  • Finance–Say you are an engineer who’s interested in the stock market, pursuing a specialization in finance will get you to your dream career as a financial analyst, or an investment banker. This is one of the top paid MBA specializations, with starting salaries of $70,000.
  • Marketing – What use is a product that no one knows about? A marketing specialization requires dynamic and flexible leaders. They operate at the front end and are usually the direct link between a company and its target customers.
  • Operations – A business can only run properly if everything works in a system. The operations team handles this aspect of a company. Here the career options are endless, and you can get into supply chain management, strategy consulting, logistics, quality control and more. The early career pay is about $80,000.
  • Human Resource – HRs are leaders who are capable of finding and managing talent. It’s also one of the most vital components of any company because it deals with employee well-being. A GMAC survey states that the requirement for HRs will go up by 9% in the next 3 years and the average salaries are in the $60,000 range.
  • Entrepreneurship – This program is designed specifically for those who want to pursue entrepreneurship, either as a founder, manager or investor. There are a ton of ideas that are put into action every day, and all these companies need professionals to help it reach its full potential. Here you will focus on business strategies, risk analysis, risk management and other domains.

In the context of which is the best MBA specialization for the future, or which type is most beneficial in the post-COVID world, we would say go with what you really want. A business is made up of many things, and all these specializations work together to build the best brand possible. While the demand for certain MBA specializations may fluctuate due to exogenous factors, employability largely remains stable in the long term. So the question you should really ask yourself is whether you want to be a jack of all trades or a scholar in one.

What we’ve discussed is but a handful of specializations and to keep up with the current world’s requirements, several unconventional concentrations have come to light. Some examples are information technology, corporate social responsibility (CSR) and healthcare. So do your research and pick out the one that best suits you. If you aren’t too sure or need a little help, book a free session with our counsellors. They’ll be sure to support you in carving a path to your dream career, like they have helped the thousands of students before you.

What are the extracurriculars that can get you an IIM?

IIMs are among the oldest B-schools in the country and have put India on the map for producing the best and brightest management professionals. Did you know? The first IIM is one of the oldest B-schools in India, it was established almost 60 years ago. Since then, many IIM’s have popped up in the country, with IIM Ahmedabad and IIM Bangalore even beating IIM-C in the national rankings. It’s a dream come true for every Indian MBA aspirant to be associated with one of these age-old brands. The traditional way in is through CAT where the competition is fierce, but the good news is that almost all top IIMs accept GMAT scores too.

So, while your academics and work experience might help you get on the shortlist, the interview is what seals your admission. And how do you ace the interview? One word- extracurriculars!

Everybody on the list already has great academics, so the question is, “what else do you bring to the table?” IIMs look for capable students who can add to their long-standing legacy, and just having top scores isn’t going to cut it. The interview is a chance to prove to them that you care about more than just textbooks. Here are three reasons why extracurriculars are the key.

  1. Enhances your application: If your academics are a cake, notable extracurricular activities are the cherry on top. It puts you ahead of the competition, even if only by a slight factor. Remember, everyone else has academics, and some have even more. So, how are you going to be better than those applicants?
  2. Jack of many trades: Good extracurricular activities portray you as a potential student that can contribute to the day-to-day life on campus and add value beyond books. The idea of an interview is to find out the kind of person you are and your underlying soft skills. Having other interests can make you seem all-rounded and more interesting to the panel.
  3. Shows persistence: The fact that you could do justice to your interests and be among the top scorers of over 200,000 applicants demonstrates your determination and persistency. Business schools and businesses in general, want individuals who are proactive and dedicated.

The IIMs are looking for depth rather than breadth. What this means is that even if you have a ton of extracurriculars, they are really of no value unless you’ve spent enough time on them and achieved something. So, saying that you sing, dance, paint and take photos isn’t as good as saying that you have multiple certifications in Indian classical music, and have performed on stage at important events, or saying that you have pursued photography for 5 years, and have the vision to use this skill to enlighten people on issues you feel strongly about, or several platforms have published your pictures or so on. So, make sure you have a depth to your passions and are able to justify them. Here are some other extracurricular activities that can get you brownie points in an IIM interview. And if you feel like you haven’t done anything noteworthy, it’s never too late to start.

When you organize your composition and make note of the factors you’re going to review in your draft, you’ll have plenty of points to discuss. Below are some adequate composition issues that kids may come across easy to compose.

Just be certain your composition will not sound just factual. It must be up-to-date with the reality, particularly the performance statistics of the players. Your satirical composition may make additional brownie points with a suitable name. Each expository essay may obtain a definite goal.

  1. Student council – This is a way to develop your leadership skills. It shows the IIM panel that you are responsible, motivated and a person who can influence others positively.
  2. NGOs – Quite a few students who apply to IIMs have some sort of voluntary work on their resumes. Choose a field that you are interested in and consider volunteering, as it will give depth to your profile and experience too. Say you are passionate about animal rights, join an NGO that provides shelter and food to stray animals.
  3. Work experience – Experience is a great profile booster in any form. You could work on individual projects, work part-time, do an internship or even have years of full-time work experience. It shows the panel that you are capable and that you have industry knowledge.
  4. Sports – Sports teach you a lot of things like teamwork, strategy, and competition, moreover, they help in physical fitness. If you’ve led or captained a team before, even better. It helps to demonstrate your leadership abilities and can-do attitude.
  5. Academic clubs – These could be in the form of debate clubs, writing clubs, book case-solving groups, or anything else that gives you an edge over just academics. Debating teaches you negotiation, writing teaches you persuasion, and case-solving teaches you structured thinking. IIMs are B-schools foremost, and having any business skills gives you bonus points.
  6. Culture clubs – Whether you are into event management, creating awareness for social issues, or promoting culture and diversity. Being part of cultural clubs develops your personality in numerous ways. And business schools are greatly appreciative of such interests.

Your interests define you, so choose what makes you happy. And if you need a hand in figuring out how to build your profile to be more than about academics, talk to our counsellors. They have helped thousands of students actualize their careers, and you could very well be next!

The best MBA scholarships in the US and how to get them!

Management is an indispensable part of every organization, while the technical expertise is the brain of a company, management is the heart. And, for this reason, an MBA is one of the most popularly sought out degrees worldwide. So, if you want to play in the big leagues and transform your career from an employee to an employer, this professional degree is your ticket. But it’s not that simple, the competition for an MBA degree is fierce, and even more so if you want one from a top school. Universities use this to their advantage and pick out the best and brightest of the lot.

But what you don’t know is that you have an advantage too. It’s no secret that pursuing an MBA is expensive, and if you want to study it abroad at one of the top 20 B-schools worldwide, it’ll cost you a fortune. Universities know this and understand that price is a major limiting factor to many potentially worthy candidates. So, they do their part and provide huge amounts as MBA scholarships and grants.

There are normally two kinds of scholarships, merit-based and need based. The Harvard MBA scholarship and Stanford University scholarships among a handful that are need-based funding offers. Getting into these schools is an achievement in itself because they have the world’s most picky admissions committees. They only consider students with the best credentials, and they find it reasonable to help these top students out financially.

On the other hand, we have merit-based scholarships, and most universities in the US offer a combination of need and merit-based funding. Merit scholarships are awarded based on your profile, including diversity. This means your GMAT score, college GPA, LORs, essays and where you come from, all play a part in your admission. If you’re wondering why they offer these grants, there are two main reasons.

The first is that they want to help deserving students get an MBA education. The second is competition, and this is where your advantage lies. Universities are in constant rivalry with each other and use scholarships as a way to attract the best candidates.

Let’s take an example, say you are looking to study MBA in USA with a scholarship because your budget is limited. You got into three schools, Chicago Booth, NYU and Georgetown. The competition now is between these three institutes, and it all boils down to how bad these universities want to have you studying with them.

First, because Georgetown ranks after NYU and Booth, it knows that you are likely to go to those universities. Hence, it offers you an incentive to pick Georgetown in the form of a 100% tuition scholarship. It’s the same story with NYU, they know that your profile fits a Chicago Booth level application. And if both of them have the same tuition fee, you would pick Booth without a glance, so to make you pause and think about them, NYU offers you a 50% scholarship.

Secondly, before applications start rolling in, university admissions committees decide on having a diverse mix of students; international, local, Asian, Indian, European, women, men, high work experience, low experience etc. And on considering all these factors, universities offer you diversity scholarships too. So, if Booth doesn’t meet their targeted gender mix and there are more women enrolled in this year’s MBA, being a man, you are likely to be offered a 20-30% scholarship as an incentive to join Booth over NYU.

If you’re wondering about MBA scholarships in USA for Indian students, keep reading to find a list of scholarships available at the top US universities. But first, how to get a scholarship for an MBA through the GMAT?

This standardized test is a base requirement for almost all top schools, and it plays a major role in determining the quality of your application. A lot of US universities use GMAT scores as a benchmark for admission and scholarships. For example, a student with a 750+ might automatically be eligible for a 50% tuition reduction.

Remember that advantage we talked about? On top of the 50% reduction, having a good profile and other top B-school admits will allow you to negotiate with the university to increase your scholarship to say 60 or 70%. If you’re going to business school, negotiation is a necessary skill, so hone it and show it. But know that there’s a thin line between negotiating and haggling, and you shouldn’t cross it.

Now, most universities consider students despite demography and offer their scholarships based on merit but, there are some MBA scholarships for Indian students specifically, like the Dhirubhai fellowship for Stanford, the capital first scholarship and the Indian trust fellowship at Booth. Since the majority of universities offer to fund all students, here are some of the scholarships that 6 top B-schools in USA offer.

University/School

Scholarships

Wharton School of Business
  • Emerging Economy scholarship
  • John Wharton Scholarship
Columbia Business School
  • Need-based (Up to $30,000)
  • Columbia Fellows Program
  • Board of Overseers China & India Fellowships
  • Meyer Feldberg Distinguished Fellowship
Kellogg School of Management
  • Diversity Scholarship
  • Donald P. Jacobs International Scholarships
Booth School of Business, University of Chicago
  • Indian Trust Fellowship
  • The Zonis Fellowship
  • Canfield Private Equity Fellowship
  • Distinguished Fellows Program (Full tuition)
MIT Sloan School of Management
  • Legatum Fellowship
  • McKinsey Award
  • Forte Foundation Fellowship
Berkeley Haas, University of California
  • Diversity Scholarships
  • Haas achievement award
  • Marketing Scholarships
Darden School of Business, University of Virginia
  • Offers Scholarships to 100% of Full time MBA students
  • Need-based Aid up to $20,000 (AccessDarden)
  • Jefferson Fellowships
  • IRC Asian Scholarship
  • Franklin Family Fellowship

If you have an MBA in mind there are three major steps that you must get through, first, ace the GMAT, next, find the right schools for your profile, and finally, find your funding. Jamborees years of experience have put thousands of students at their dream universities, and given them the best financial grants. So, whether you need help with GMAT, choosing the right universities or getting the best scholarships, we help you at every step of the way. So, schedule a free session with our experts today!

Read some of our other articles and get ahead with everything MBA related!

How to switch fields after a Bachelor’s degree

Did it take you some years of studying to figure out you didn’t like your major? Or did you find a subject which fascinated you so much that it’s become your dream job now? Whatever be the case, there are tons of people like you who aren’t sure about the field they’ve studied in, and are looking for a ticket to switch their career paths. In fact, most people don’t end up working in the exact field of their bachelor’s degree at all.

Most of our major life decisions are made way too early, like which college to go to, and what degree to pick. While this is a great path for those who are certain about what they want to do in the future, it’s often counterproductive for those that are even the slightest bit confused. And an even bigger problem is that you might end up at an unsatisfying job for the rest of your life. Let’s face it, you spend one third of your life at work, and being stuck in a field that doesn’t give you any happiness isn’t a great way to live. So, if you can relate to this dilemma, it’s better to switch fields sooner rather than later.

Now, how do you go about this? Well, the first step is to figure out where your area of interest lies. There are many ways to do this, for example, you can take a variety of electives in college, experiment with various hobbies, do internships at different places or consider taking a personality test. And, once you’ve got your dream career field locked down, it’s go time.

  • Switching fields for graduate school
  • Ask yourself, does your area of interest relate to your bachelor’s degree? For example, if you studied electrical engineering and found one particular subject, say embedded systems or digital electronics cool, you can find a career that fits you. But if you don’t, another option is to pursue a specialized master’s degree in your chosen field. It’s not new for related majors like electrical, electronics, telecommunications, embedded systems and digital technologies to band together, and most universities accept students who want to pursue related degrees without a second glance.

    Switching fields is also possible if your domain is the same but major is different, except you’ll have to work a little harder for it. Say you are a mechanical engineer who’s interested in coding, an option for you is to take up a masters in computer science. For this, you’ll have to demonstrate your coding capability to the universities you’re applying to, through your projects and accomplishments.

  • Master’s degrees that don’t require a specific bachelor’s
  • An MBA is one of the best master’s degrees for a career change. Whatever be your industry, management is an indispensable part of it. You can go into the business side of things and study sales, marketing, human resource, finance, operations and many more specializations that are required by almost every company that exists today. Some master’s degrees in the Liberal arts fields or the creative arts don’t require specific undergrad degrees either.

  • Going back to university for a second degree
  • Although this a less popular route if you’re looking to switch industries, it’s ideal if your dream field is completely different from your present degree. Say, you’ve studied medicine but didn’t like it and decided to become a lawyer instead. You can go back to school and get a bachelors law degree, and if you’re really interested in it, you can further go for a postgrad law program too. However, going back to college for another degree requires considerable time and monetary investment, so keep that in mind, and try to figure out your long-term goals and career prospects first.

  • Certifications
  • Not all professions require 3 or 4 years of dedicated official education. For example, to become a chartered accountant, a teacher, a graphic designer, a writer and many more, you don’t need a degree in it. Most of these fields only require formal certifications. So, look for alternate ways to get to your dream job. You can take an online certification course, or enroll at an institute that offers classes and career support in your chosen field.

  • Other ways
  • Work Experience is a great way to switch careers. Say you’re an engineer that has worked in the finance and banking industry for a while now. Since you know the ins and outs of the finance industry and how it works, you can switch to other careers in this field like financial analytics or investment banking.

    Apart from a full-time job, there are other ways to gain work experience too. You can do internships, or volunteer in your dream field, this will open up careers and help in enhancing your profile. You can also take part in competitions and do projects to show recruiters that you are serious about making your career in that particular industry and you have the knowledge needed.

    If you’re considering a career change after graduating college, know that there are many people out there just like you. You should be glad that you’ve realized your passion sooner than most and can avoid wasting time, or worse, an entire lifetime at an unfulfilling career. So be assured that there’s absolutely nothing wrong with changing career paths after college, it’s better late than never. And if you need some advice, reach out to our career counsellors, because we’ve helped thousands of students get to their dream careers.

Part-time MBA programs to look out for in 2021

Have you decided that your goal is an MBA? That’s great! A business education is a fantastic way to upgrade yourself and move higher up in the workplace. Today’s world is dynamic! Who would’ve thought that a tiny invisible virus could cause such global chaos, right?

To be honest, the world was always changing, the coronavirus just acted as a catalyst and sped things along. And to keep up in this world, it’s imperative that you upskill yourself to become a leader who is innovative, analytical and thinks critically. An MBA is a surefire way to get all the skills required to deal with the new normal that’s on its way.

So, if you’ve made up your mind to get a formal business education, but are worried about external factors, know that there is more than one way to fulfil your dream. And one very acceptable solution is to pursue a part-time MBA.

If you wish to do an MBA while working and balance both your job and studies, there are many part-time MBA programs that you can look into in the form of courses that can be taken on the weekends, evening or even online. But first, let’s talk more about the benefits of studying part-time.

  1. Two Birds: You can get a business degree while getting work experience too. This is a great way to maximize the use of your time and get ahead in the highly competitive world that greatly values years of work experience.

  2. Leadership and Time Management: Doing two things at once is undoubtedly challenging and an MBA is no cakewalk. Pursuing part-time management courses will require you to plan your day to the minute, and in the process of doing this, you will gain invaluable time management skills that are required, both professionally and personally

  3. Up the ladder: You already have a job in hand, doing an MBA will open up ladders to higher positions, both in your company and outside. Moreover, you will have a steady salary to cater to financial commitments.

  4. Safety: Unemployment is a valid fear, and while MBA students are in great demand, the competition while job hunting is pretty high too. Doing a part-time MBA is a safe option and having a job to back you, gives you confidence and financial stability.

  5. Loans: Studying while you work can be way easier on the pocket than pursuing it full time. Part-time education can help you to be less reliant on loans and more on your own earnings. There are a lot of options and a variety of programs that you can take up, if the cost is a limiting factor.

So, if you’re sure about taking the leap, then read on because we have a list of the 8 best part-time MBA programs from around the world.

  1. Haas School of Business – UCB, USA
    • Evening MBA Program
    • Weekend MBA Program
    • Program Cost: You will need to complete 42 credits to get an MBA, each credit costs $3,464.

      Program Duration: 3 years (flexible up to 5 years)

      The round 1 deadline for applications is on 1st November 2020

  2. Booth School of Business, USA
    • Evening MBA Program
    • Weekend MBA Program
    • Program Cost: You will need to complete 20 courses that can be chosen from a pool of 130+. Cost of each course is $7,344

      Program Duration: 2.5 years to 5 years

  3. Kellogg School of Management, USA
    • Evening MBA Program
    • Weekend MBA Program
    • Course requirements: GMAT, Minimum 5 years of work experience is mandatory
      Program Cost: $58,000 – $62,000/year

      Program Duration: Can choose between the accelerated program (2 years average, up to 4 years) and the traditional program (2.5 years average, up to 5 years)

  4. NYU Stern School of Business, USA
    • Accelerated 2-year Program
    • Weeknight MBA Program
    • Saturday MBA program
    • Program Cost: You will need to complete 60 credits and each credit costs $2,375.
      Program Duration: 2-3 years

  5. Imperial College Business School, UK
    • Global Online MBA
    • Executive MBA program
    • Weekend MBA program
    • Program Cost: Online ($48,000), EMBA ($78,000), Weekend ($64,000)

      Program Duration: 21-24 months

  6. Nanyang Business School, Singapore
    Professional MBA (PMBA)
  7. Additional requirements: GMAT/GRE, Minimum 3 years of work experience is mandatory
    Program Cost: $51,174

    Program Duration: 18 months, alternate weekend format

    The round 1 application deadline for July 2021 intake is on 4th December 2020

  8. Schulich’s School of Business, Canada
    • Daytime Classes
    • Evening Classes
    • Weekend Classes
    • Program Cost: Approximately $10,000/Term

      Program Duration: 3 Years approximately, divided into 10 terms.

  9. INSEAD, France
    • Global Executive MBA
    • Tsinghua-INSEAD Executive MBA
    • Executive Master in Finance
    • Executive Master in Change
    • Program Cost: $37,000/Year – $55,000/Year

      Program Duration: 14 – 22 months

While the phrase ‘An MBA isn’t for everyone’ seems to be said a lot, we strongly disagree. Whatever be your situation, financial condition, time constraints or other work commitments, we at Jamboree stand behind the motto “where there is a will, there is a way!” So, if you’ve decided to go ahead with your MBA goal let us know, we will help you find and get into the programs that fit you best.

GMAT score below 680? Here’s a list of 15 top B-Schools that you can get into!

The MBA is one of the most reputed degrees globally because it opens up opportunities in a ton of career paths while teaching you everything you need to know in today’s ever-evolving and dynamic world. Studying business develops you both as an individual and as a professional, it teaches you leadership, critical thinking and helps you build an analytical mindset. And these are exactly what we need to tackle the post-pandemic period.

The first step to business education is to take the GMAT. An average GMAT score is around 589.6, and this is the 56th percentile. However, to get a top B-school, you have to do better than the average. Over the past couple of years, the demand for MBAs has increased. Consequently, the cut-offs for B-schools have made their way up too. But the good news is that due to the global coronavirus situation, some schools are offering a tiny bit of relaxation.

While it might seem that everybody writing the GMAT is targeting 720 and above, it isn’t absolutely necessary to get into a great B-school. In fact, some of the top Business Schools in the world like Harvard and Stanford have accepted students with scores less than 600. So, although it’s quite rare for a 600 something student to make it, it isn’t impossible. Did you know? Stanford once admitted a student with a 590 into their MBA Program of 2018. How, you ask? MBA admissions aren’t just about the GMAT score. They care a lot about you as an individual, and as a leader. They look for students who can add value to their institute, and this is why focusing on building a strong profile is just as important as a good GMAT score. And if you’ve got both, then bingo, the world is your oyster!

A score lower than 720 does not bar you from applying to top schools like Harvard, Columbia, or INSEAD, it just makes the admission committee shift their eyes onto the other parts of your application. Making it a little harder to get into these schools if you don’t have impressive credentials.

What B-Schools should YOU apply to?

Have you taken the GMAT before?

If you’ve taken the test and gotten a GMAT score below 680, then worry not. 650 – 680 stands between the 70th to 85th percentile, and you’ve made a good attempt. Now, you have two options. Either you retake the GMAT to improve your score, or you apply to universities with your current score.

Your undergraduate GPA and GMAT score are a reflection of your academic capabilities, and you should try to get on the positive side of this. If you have a great undergrad CGPA and a fairly decent GMAT score, you might get into top universities. However, if your college GPA isn’t on the high side, a great GMAT score becomes a necessity to prove that you are serious about your studies. The GMAT can be taken 5 times a year, and you can choose the scores you’d like to send universities, meaning that they won’t know about all your previous attempts. While there are many MBA programs for a 680 GMAT score, if you think that you have the time and can do better in your next try, by all means, do write the GMAT again.

Most applications that are accepted by universities are those that are close to the B-school’s average GMAT score. So, make it a point to apply to these institutes for a higher chance of selection. But do try your hand at some elite business schools too, most of them have a GMAT score range starting from 600 or 620 including Wharton, London Business School, INSEAD, ISB, and Ross School of Business.

Here are the average scores and the score ranges for 15 well-known business universities across the world.

S. No

University/School

Average Score

Range

1 Tepper School of Business, Carnegie Mellon University, USA 678 626-730
2 HEC Paris, France 690 590-780
3 Cambridge Judge Business School, UK 685 630-740
4 Naveen Jindal School of Management, the University of Texas at Dallas, USA 600 550-700
5 Melbourne Business School, Australia 695 650-730
6 Carey Business school, Arizona State University, USA 670 621-729
7 IMD, Switzerland 680 600-770
8 Mannheim Business School, Germany 680 560-740
9 IE Business School, Spain 670 600-770
10 University of Iowa, USA N/A No GMAT score is required for 2022 session.
11 Joseph L. Rotman School of Management, University of Toronto, Canada 666 500-760
12 Kelley School of Business, Indiana University Bloomington, USA 666 600-770
13 Cranfield University, UK 680 620-710
14 Rutgers Business School, USA 642 500-760
15 Nanyang Technological University, Singapore 662 600-780

The GMAT is over for you and now is the time to focus on other things. We’ve already discussed how a well-constructed profile is super essential to be recognized among the thousands of applications that B-schools get every year, so we’re here to help. At Jamboree, we let you in on the best tips and tricks to make your application stand out. Contact our admissions counsellors to enhance your resumes, essays, LORs, and SOPs to bag your dream B-school.

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