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A Road to US Business Schools: Inside Stories
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Transcript of A Road to US Business Schools: Inside Stories
This is not a grooming session
This is not your ticket to the US
This is neither a preparation package, not the first step to US
An entrepreneur
An academic
An executive
A public servant
Professional degrees
All information are generic
Admission process varies across schools
US is not the only available option
Presentation
Panel discussion
QA session
Program Options: MBA vs Masters
School Selection – Elite, Best, Good Schools
Application Requirements
Application Documents
GMAT/GRE/TOEFL/IELTS
Application Cost
Program Cost and Funding Opportunities
MBA
Masters
PhD and DBA
Other Professional Degrees (CPA, IMA, CFA, CFP, CAIA, FRM,
ERP, CERA, FSPA and many more)
Concentration
Ranking
Alumni
Professors
Cost and financing options
Research Outcome
Look for the ranking for your program
Popular MBA ranking:
Business Week
US news
Forbes
Financial times
Economist
School 01 School 02 School 03
Name of the program
Ranking
Deadline to apply
Application fee
Types of Assistantship
GMAT req.
TOEFL req.
Min GPA
Years of experience required
Notes/Remarks
There is no formula to optimize number of applications
MONEY and TIME determine the number
It’s better to divide schools as:
Dream School
Probably School
Safety School
Application Form
Standardized Test Score
English Proficiency Test Score
Application Essays
Resume
Letters of recommendation
Academic Transcripts
Application Fee
Proof of Work Experience (if required)
Masters programs usually have single deadline; MBAs have several
Rounds of application (for Fall ‘13)
HBS: Round 1 – Sept 13, ‘13
Round 2 – Jan 06, ’14
Round 3 – April 07, ’14
Stanford: Round 1 – Oct 13, ‘13
Round 2 – Jan 08, ’14
Round 3 – April 02, ’14
Wharton: Round 1 – Oct 01, ‘13
Round 2 – Jan 07, ’14
Round 3 – March 27, ’14
It is always advised to apply by Round 2.
GMAT – Graduate Management Admission Test.
NOTHING IS GOOD, EVERYTHING IS FAIR
700+ is always a competitive score
650+ is reasonable
Even 550+ is safe to manage admission
Min Max Median
Wharton 630 790 725
HBS 550 780 730
Stanford 550 790 720
Most schools accepts both TOEFL/IELTS, with few exceptions.
It’s better to have something above 100.
HBS asks for at least 109 and Stanford requires 100.
A 80+ score is OK for average schools.
Open-ended Essay
1,000 to 1,500 words
Usually for Masters and PhD programs
Pre-defined Essays
2-3 Essays
No more than 600 words for each
You’re applying to Harvard Business School. We can see your
resume, school transcripts, extra-curricular activities, awards,
post-MBA career goals, test scores and what your
recommenders have to say about you. What else would you
like us to know as we consider your candidacy?
HBS required three questions for Fall ‘12 and two questions for Fall ‘13.
Two to three letters are required.
Online Recommendations
Offline Recommendations
Be aware of recommendation questions
There is nothing called standard CGPA.
3.00+ is always enough to apply. (no h/f rule)
3.5 and above is good.
3.75 and above always gives an edge.
CGPA, sometimes, is considered against your country of origin.
Single page resume is preferable
Highlight your research capability, demonstrated leadership
capacity, and commitment and contribution to the society
Also, emphasize on extra-curricula activities
Application fee: $25 - $265
(Some schools waive application fee)
TOEFL Score: $18 (After initial four schools)
GMAT Score: $28 (After initial five schools)
Transcript: Tk. 500 + Tk. 400 per transcript
Courier: Varies, usually $20 for a school
Tuition fee: Widely varies (an average range is here)
For MBA $60,000 - $150,000
For Masters $25,000 - $60,000
Living: $800 - $2,000
- depends on states
- depends on your lifestyle
- depends on where you’re living (on campus or off campus)
Reading Materials: $500 – $1,500 per semester
Medical Insurance: $1,000 – $2,000 annual
Other Expenses
Teaching assistantships (TA)
Research assistantships (RA)
Fellowships/Grants
Tuition waivers and
Loans (mostly available to native applicants)
University Diversity Fellowship
LDC or Emerging Country Fellowship
Fulbright Fellowship
Rotary Fellowship
Ford Foundation International Fellowship
Aga Khan Foundation
International Research and Exchanges Board
World Bank and IMF Fellowship
Loan Forgiveness Program and many more
Primarily select your preferred schools
Take GMAT/GRE, at least two – three prior to deadline
Take proficiency test
Decide on the program and schools you’re applying to
Open an application account, at least a month earlier
Draft, write and revise essay(s)
Manage and inform you recommenders
Send test scores
Fill out your application form and submit
Upload and/or send required materials
Prepare for an interview, if necessary or called up
Pray for a favorable final decision
don’t forget to treat us…