Top 5 Reasons You Should Start Your MBA Applications Early

Six WeeksAcross the board, MBA admissions officers recommend that you apply in the earliest round you can – as long as you’re submitting your best possible application. Particularly for candidates from overrepresented industries such as finance and consulting, later round applicants can be at a significant disadvantage. This means that you should begin working on your applications now, in time to submit the best application possible, as early as possible. Here are the top 5 reasons to start your MBA applications early and apply in Round 1:

1. Significant MBA school research is imperative to your success.

Schools are looking for candidates who’ve approached business school with a mature and thorough decision making process. In order to write impactful essays that also demonstrate fit, you will need to do more than check rankings and click through their website. Effective research often includes conversations with current students and recent alums, visiting campus and attending info sessions, or at least diving into comprehensive resources like the Veritas Prep Essential Guide to Top Business Schools. Lack of research leads to generic essays, which are not compelling to admissions officers.

2. Demonstrating “fit” is a more arduous process than you think. It takes time. You can recycle surprisingly little among different schools’ essay questions.

Every year, we see clients who expect that they can write essays for one application and simply strip out the name of one school and insert the name of another. This is especially tempting with the current trend in open ended questions. Rachel, a member of our Ultimate Admissions Committee and Head Consultant from Wharton, says “it’s more important than ever to consider the culture and environment of the school.” Admissions officers see thousands of essays every year, and they can spot a repurposed essay from a mile away. Applying to multiple schools takes time!

3. You won’t just identify and explain your weaknesses – you will work to improve them.

One of the first steps in working on your applications is evaluating every element of your profile. Are there any weak areas? Red flags? Leadership? Low GMAT score? Low undergraduate GPA? If you identify any areas which may be less than solid, when you start early, you can take steps to improve your weaknesses, rather than finding yourself in the unenviable position of trying to explain them in an optional essay. This might include tackling a new project with your volunteer organization, taking a calculus course from your local community college, or retaking the GMAT with the proper strategy to raise your score. There are numerous strategies to improve your application profile, and if you start on your applications now, you have time to implement them!

4. You will increase your chances of receiving financial aid awards and scholarships.

It is well known that schools operate with a limited budget – this means that there is more money to go around for financial aid, scholarships and awards, towards the beginning of the admissions season than there is towards the end. Why not allow yourself the highest possibility of receiving a financial reward?

5. It will allow you to avoid late application pitfalls.

In an exclusive Veritas Prep survey, we asked the top 30 MBA admissions officers to name the most common mistakes they see in MBA applications. Their #1 response: careless errors. Admissions officers view your application as a reflection of your commitment, so careless errors can doom your chances for admissions. However, let’s face it, most of us love to procrastinate! About 80% of MBA applications are submitted within three days of each deadline, most within 24 hours. These rushed, last-minute applications are often rife with careless errors – a missing comma here, an incorrect spelling of “they’re” there. By starting the process early, you and your Veritas Prep Head Consultant can craft your Personalized MBA Game Plan™, providing structure to the application process and ensuring there is plenty of time to catch careless mistakes and add the perfect polish before you hit “Submit.”

What you should be doing now?

Even before the schools release their updated essay prompts, you can work to significantly improve your applications by working with an expert MBA consultant to:

  • Identify the ideal programs for your personal and professional goals, even some you may not be currently considering.
  • Thoroughly research your target schools beyond rankings and school websites.
  • Discuss how to maximize the value of your campus visits, information sessions, and conversations with students and alumni.
  • Prepare your recommenders to write stellar letters on your behalf.
  • Craft your resume to emphasize accomplishments that will resonate with the admissions committee.

Secure your ideal MBA consultant now.

With the lowest client-to consultant ratio in the industry, Veritas Prep ensures your consultant is solely focused on your success. However, this also means that many of our consultants can get booked up early. We will ensure you work with a consultant who best fits with your personal and professional background, career goals, target schools, and working style so they can clearly understand your story and know how to best portray it to the admissions committee. As a First Mover, you’ll work with the ideal consultant for your needs so that your applications truly shine.

If you need help with any of the advice above contact us, we’d be happy to help.

Applying to business school? Call us at 1-800-925-7737 and speak with an MBA admissions expert today, or sign up for a free consultation. As always, be sure to find us on FacebookYouTube, and Twitter.

The One Business School You Should Never Apply To

08fba0fCreating your target school list is an integral part of setting the appropriate MBA application strategy. Many things go into creating the right strategy. Looking into what location, teaching style, career opportunities, or class size make sense as logical starting points for your school research.

Part of this vetting process involves evaluating your fit for all relevant aspects of your business school criteria. If there are aspects of a school that are important, you should make a decision as early as possible whether this criteria is a deal breaker for you or not.

So you have done your school research and identified your deal breakers and created a target school list that you are happy with. So what is the one school that you should never apply to? Well the answer is the school you would not actually matriculate to! This sounds obvious, but every year applicants make this mistake months before they actually have to deal with the consequences.

This issue manifests when the applicant receives an offer of admission from a school they realize they actually do not want to attend. This is not the same as applying to a safety school. With a safety school, you are applying to a school that you feel you have a high degree of certainty that you will receive admission to. The difference for safety schools is if admitted and without other offers, a candidate would actually be comfortable attending.

Applying to a school you have no desire to actually attend makes no sense and is a waste of time, energy, and mental space. It provides the false security of an option that does not really exist. This is why the upfront process of vetting your schools is so important. If this process is done right, a candidate would never apply to a school that they would not go to. Many candidates once they receive application decisions struggle to deal with the decision to reapply in future years, even with an offer in hand, which is a sign of school selection issues.

Be honest with yourself as early as you can in the process when it comes to school selection, to make your application process and subsequent matriculation decision as straightforward and simple as possible.

Applying to business school? Call us at 1-800-925-7737 and speak with an MBA admissions expert today, or take our free MBA Admissions Profile Evaluation for personalized advice for your unique application situation! As always, be sure to find us on FacebookYouTubeGoogle+ and Twitter.

Dozie A. is a Veritas Prep Head Consultant for the Kellogg School of Management at Northwestern University. His specialties include consulting, marketing, and low GPA/GMAT applicants. You can read more articles by him here.

Understanding the New GMAC MBA Rankings Tool

scottbloomdecisionsWith so many different MBA rankings, it can be difficult for the typical applicant to understand why one business school may be ranked higher in one publisher’s ranking than in another’s. This can create a culture of bias and distrust around the rankings, which limits the value of the information they present, especially considering few applicants will actually dive deep enough to uncover the DNA of each specific ranking.

The new GMAC rankings tool seeks to shed light on the differences between the various rankings. This tool provides a “one stop shop” for finding the right rankings system for your personal school selection process. Here’s a brief summary of the topics the GMAC rankings tool evaluates:

Distinctive Emphasis
A quick summary headline describing the most important criteria influencing the rankings of the publisher. This quick information will help orient your criteria for pursuing an MBA with the most relevant rankings publisher.

Rankings Methodology
A visual breakdown of how the publisher determines its rankings. This is a deeper dive into the “distinctive emphasis,” showing the full spectrum of the ranking criteria.

Rankings Fluctuation
An estimate of how much the average schools’ position changes from edition to edition. This can provide good insight into how stable and reliable the rankings of a particular publication are.

Schools Included
Information on what schools are included and the criteria each publication uses to determine inclusion. There are many MBA programs around the world and some publications are more U.S focused, international focused, full-time, or part-time focused so this category provides information on the publication’s coverage area.

Regional Popularity
A visual map of the most popular regions for a specific publisher’s ranking. The influence of a particular publication can vary from region to region, thus influencing its value to candidates in other areas.

Rankings Lists
The actual publication-specific rankings. This is the ranked list of schools that have resulted from each publisher’s unique methodology. Once you have identified the right publisher based on your target program criteria and future goals, then this list can help inform your school selection process.

This new offering from GMAC is a great tool to kick start your school research and selection processes. Leverage this resource to find the right rankings system for your MBA goals.

Applying to business school? Call us at 1-800-925-7737 and speak with an MBA admissions expert today, or take our free MBA Admissions Profile Evaluation for personalized advice for your unique application situation! As always, be sure to find us on FacebookYouTubeGoogle+ and Twitter.

Dozie A. is a Veritas Prep Head Consultant for the Kellogg School of Management at Northwestern University. His specialties include consulting, marketing, and low GPA/GMAT applicants. You can read more articles by him here.

Free MBA Guide: Everything You Need to Research Business Schools and Create Compelling Applications

Columbia UniversityIt’s no secret that pursuing an MBA is a challenging and time consuming process. There are thousands of MBA programs around the world, and it’s your job to find the program best fit for you. It’s easy to identify programs where your GPA and GMAT score fall within the range of accepted candidates, but what about personal fit? Which school or schools will offer you the best environment for your unique personality and future goals?

The Veritas Prep Essential Guide to Top Business Schools is a must-have resource for every elite MBA applicant. Now available for free through the Veritas Prep website, this comprehensive, interactive guide cuts through the marketing jargon and basic statistics found on any school’s website to offer in-depth analysis and expert advice to gain admission to the world’s most selective graduate business programs.

Use this guide to help determine which business school is the best fit for you based on your unique needs. The Essential Guide to Top Business School includes detailed information about the world’s most competitive business schools, including class statistics, academic structure, campus culture, post-MBA employment trends, as well as actionable advice to create compelling applications.

What are you waiting for? Bring yourself one step closer to getting an MBA, and check out the Veritas Prep Essential Guide to Business School for free now!

Getting ready to apply to business school? Call us at 1-800-925-7737 and speak with an MBA admissions expert today, or take our free MBA Admissions Profile Evaluation for personalized advice for your unique application situation! And as always, be sure to find us on Facebook, YouTube, Google+ and Twitter.

Researching Schools? Begin with the End in Mind

MBAAt this is the time of year we speak with a lot of applicants who are just starting their school research process. How do many of them start? By cracking open the U.S. New rankings or BusinessWeek rankings and going down the list. Sound familiar? The fact of the matter is that how many of us do it, right or wrong!

This isn’t necessarily a bad place to start. One has to start somewhere, and no one has yet come up with a better way to size up all of the schools in one neat, tidy place. (Many will argue that there’s no reason why all of the top schools should be sorted along one dimension,. While we’re actually pretty sympathetic to this argument, human nature isn’t changing any time soon.)

One big problem is that many applicants never look deeper to consider what their immediate job opportunities will be when they graduate. Of course, when you walk out of a top-ranked school with an MBA, the world is your oyster, and your job opportunities aren’t limited just to the schools that recruit on campus. But, every year we talk to many students and recent grads who are disappointed that job opportunities in their industry/function of choice weren’t more readily available through traditional on-campus recruiting.

How can you avoid this problem? It’s up to you to know your target schools, including what companies recruit that each school and how many grads go into each industry. Fortunately, this isn’t hard information to obtain: Just a simple online search can help you find Harvard’s and Wharton’s job placement data. While grads at these schools are less often disappointed, even a Harvard MBA sometimes says, “I wish I knew that many of the best private equity firms don’t just set up interview slots on campus like other companies do.”

And, at lower-ranked schools, you sometimes need to be even more careful. There are dozens of terrific regional programs, but if you attend one and end up disappointed that it didn’t help you land a Wall Street banking job, then you may have no one to blame but yourself. As we told the Financial Times a few months ago, you need to begin with the end in mind.

One of the best ways to start researching top MBA programs is to download our Veritas Prep Annual Reports, 15 completely free guides to the world’s top business schools. And, be sure to subscribe to this blog and follow us on Twitter!

Five New Annual Reports Available!

Two weeks ago we introduced Veritas Prep Annual Reports, in-depth insider’s guides to the world’s most competitive MBA programs. We started out with ten Annual Reports, and at the time we said that there were five more on the way. Those five are now available for free download!

The new reports cover:

  • Duke (Fuqua)
  • Berkeley (Haas)
  • Dartmouth (Tuck)
  • Yale

To purchase all 15 reports, just visit the Veritas Prep Annual Reports page. You’ll receive an email including your download link, which you can use to access the reports.

For more help in the MBA admissions process, visit or call us at 800-925-7737 and speak with an admissions expert today!

Why We Created Veritas Prep Annual Reports

This past Friday we announced the launch of the best resource that we’ve ever created for business school applicants: Veritas Prep Annual Reports, in-depth guides to ten of the world’s top business (with five more soon to follow).

Response has been phenomenal so far, with hundreds and hundreds of reports already downloaded. While we thrilled with (and humbled by) how quickly they’ve taken off, we’ve received these questions a few times already: Why did we create our Annual Reports? How are these different from what’s already “out there,” on school web sites, in brochures, etc.? The answer is simple: When you research multiple top schools, pretty quickly they all start to sound the same. And, believe it or not, the schools themselves often unwittingly contribute to this problem!

In the MBA admissions process, a lot of emphasis is placed on knowing yourself — your personal beliefs, your philosophy in how you approach your work, and your post-MBA plans and dreams all contribute to the case that you build in your MBA applications. This emphasis is well placed, since there’s no way to truly show admissions officers who you are (and make them want to admit you) without first understanding what makes you tick.

While many applicants fail to demonstrate enough self-awareness, the challenge that you’re even more likely underestimate is building a deep enough understanding of each of the business schools in which you are interested. Think about it: You have had more than 20 years to get to know yourself, and although self-reflection is challenging and sometimes uncomfortable exercise, you have plenty of material to work with. When researching business schools, though, you’re probably starting from scratch.

Perhaps you start your research by looking at U.S. News & World Report’s or BusinessWeek’s business school rankings. Then maybe you ask around and see what your friends and family members think about the schools