During these uncertain times, if you are considering business school or have already submitted your application, you may be unsure of how your application will be affected or if now is the right time. You might be unsure whether now is still a good time to apply to or attend business school. Are applications being accepted now, or will deadlines be extended? Will the entering class of 2022 consist of virtual or in person classes? Will you be able to experience business school the way you originally intended?If you’re considering business school, you can find the answers to your top questions below around MBA programs and COVID in 2021.
Is now a good time to apply to business school?
During times of uncertainty, business school applications often rise as many prospective MBA students are looking to change careers or boost their earning potential. If the job market is highly competitive, more young professionals will look to business school as an option to take a break from the workforce and make their resumes more competitive.
Even if classes are being held online, students will still receive training and education around skills that are highly sought after and transferable. Applications this fall to top business school programs have increased as more potential applicants are considering MBA programs in the midst of COVID-19.
What about the GMAT?
Due to COVID-19, depending on where you are located, you will have the option to take the GMAT in person or online. Prospective business school students that have not yet taken the GMAT may have the option to take the exam online remotely, if test centers near them are not open. The online exam is available 24 hours a day, 7 days a week. Now is a great time to maximize your GMAT score for the upcoming admission cycle.
For best exam results, plan to take a diagnostic at least 4-6 months in advance and hire a tutor or join an intensive study program based on your results. Blocking out time for self-study and taking a series of full exams monthly will also help with your progress. If you have been working for a few years since graduation, the material may prove challenging. Design a timeline that allows you to take 2 formal exams if needed.
Therefore, it is important to prepare for the GMAT or GRE as early as you can, even 6-12 months ahead of your deadlines in order for you to achieve the best admissions results possible. Anything that is rushed could result in a rejection or waitlist as MBA schools do care about your exam score along with your undergraduate coursework,G.P.A., and work experiences.
If you have a slightly lower G.P.A. than the average acceptance score, a higher GMAT or GRE can strengthen your application. A higher quantitative score does help for applying to business schools.
Lastly, do your research and look up the average academic profiles that show case exam score averages and grade point averages for acceptances. Then you can make a realistic list of schools with a target score range that you can aim for.
Are admissions deadlines being extended?
As of now, admissions deadlines for MBA programs beginning in 2022 are as stated on each program’s website. Make sure to track the deadlines for upcoming admissions rounds to ensure the best application experience.
Will classes be held remotely or in person in 2022?
Although some MBA programs are currently hosting remote classes through 2021 and others have opted for blended campus and class experiences, campus statuses for 2022 are still in the process of being finalized. For the most up to date information, visit your program’s website.
Should I defer my admission?
The decision to attend business school is highly personal and varies by each individual. If you have already been accepted to an MBA program for the upcoming year and are considering deferring your admission, many schools are offering this option.
For more information on your MBA application and to receive a complimentary first consulting session, submit your inquiry today.