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 TOEFL 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.
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