In an insider look at the daunting MBA application process, The Wall Street Journal tackled the question: How do people decide when, whether and where to go to business school? The paper talked to applicants and Chad Troutwine, founder of applications consulting firm Veritas Prep.
One applicant, an Ernst and Young senior consultant, shared his apprehension, saying, “What really interests me is entrepreneurship, but do you need to get an MBA if you want to be an entrepreneur?” Troutwine pointed out that there is no career path that requires an MBA – yet business school can be a great laboratory for testing out new business ideas.
Other insights include:
- Schools accept to boost their yield – students are often shocked to get accepted by their first choice, but rejected by what they considered a safety school. The schools figure: “She's not going to come, why waste one of our valuable acceptance letters?” Troutwine explains.
- Applicants need to show not only why they are unique, but why they are a good fit for business school.
- Schools often provide useful feedback about rejects – if you ask.
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