You might be wondering if MBA admissions consulting is worth your time and money when applying to business school. The MBA admissions process is extremely competitive. Admissions committees always look for applicants who can prove that they can take on the challenges of business school. You may have what it takes to succeed in your dream MBA program, but if you don’t know how to show your potential through your application, chances are you won’t make the cut. Therefore, some students find MBA admissions consultants useful, as they can help you tackle the admissions process by helping you with your essay writing skills, or by going over the hardest MBA interview questions with you. Consultants can spot your weaknesses and provide personalized feedback to increase your chances of acceptance. But how do they help students? Keep reading to find out!


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Applying to MBA programs 

An MBA has an increasingly high value in today’s job market. Having an MBA will mean more job opportunities and the chance to aspire to a much higher salary. MBAs are not only useful for people who work in business. In fact, professionals from pretty much any industry can benefit from pursuing an MBA. A full-time MBA program lasts two years and involves subjects such as accounting, marketing, and economics. There are, however, accelerated programs that can be completed within a year, and part-time options that, while taking longer to complete, allow students to work while obtaining their degree.

The first thing to keep in mind when figuring out how to choose the right MBA program is how well you fit into it. Make sure the program you choose to apply to suits your professional goals and lifestyle, and most importantly, that your profile matches that of your chosen business school. Research what kind of candidates they are looking for, and whether or not you meet their standards and requirements. MBA acceptance rates in the USA and MBA acceptance rates in Canada are notoriously competitive precisely because their admission requirements are so selective.

Your application should be strong enough to stand out and make you a memorable applicant. Business school applications often require an impressive MBA resume, personal statement, academic transcripts, and MBA recommendation letter, along with your GMAT or GRE and a high GPA. Depending on the program you’re applying to, you are most likely expected to attend an interview.

Need help with your MBA resume? Take a look at these tips:

How competitive are MBA programs? 

MBA applications usually trend down when the economy is doing well and skyrocket in times of crisis since people start looking for more profitable career opportunities. It is no wonder that business schools globally reported a steep increase in the number of applications in the last couple of years.

But with or without a crisis, it is extremely hard to get into your dream MBA program, since every year the best MBA programs in the US and the best MBA programs in Canada are flooded with tens of thousands of applications. To name an example, Harvard Business School receives around 10,000 applications each year, and only 10-11% of applicants are admitted. Stanford Business School’s acceptance rate is usually even lower, alike top-ranked business schools in the US. MBA acceptance rates at mid-ranked business schools, however, are considerably less competitive and represent an opportunity worth considering. They admit a third to half of their applicants, meaning that the odds are more favorable for most of these MBA aspirants. Keep in mind that regardless of the school you choose to apply to, you will need the right set of skills to prepare your application and beat the odds. 

How does MBA admissions consulting help you?

MBA admissions consulting services help with a wide range of services and preparation. They can assist you with any part of the MBA application journey. They are your MBA admissions experts. They can answer questions such as how to explain a low GPA in an MBA application or provide tips on crafting an engaging MBA video essay. Here's a quick list of some of the key services a consultant can provide:

  1. Application review to check if you meet all admission requirements and tips for improvement
  2. Advice on which MBA programs are the best fit
  3. GMAT or GRE study strategies and study prep
  4. MBA interview prep and mock interview practice
  5. Help with essay writing, brainstorming or editing
  6. Advice on finding scholarships and financial aid

Personalized Guidance 

MBA advisors should have capabilities such as analytical skills, practical judgement, editing skills, objectivity, and vast experience in the field of admissions. They should not only provide applicants with the knowledge they need to prepare their applications, but also serve as a source of encouragement and support throughout the whole process. The application and interview process can be extremely overwhelming, and many students don’t know where to start. Moreover, it is not rare for students to apply to several schools at once, for which they need help organizing and keeping track of every step of their applications. Guidance from a consultant can be especially helpful in such cases.

If you hire an MBA admissions consultant, you will likely have a series of interviews and surveys to get to know you better as a candidate. Your consultant needs to know your story, your experiences, and weaknesses to come up with the best application strategy. By knowing you in depth, they will be able to suggest ideas for your essays, help you build your MBA resume and help you understand what you should and should not mention in an interview.

Because consultants know the admissions criteria, they are better equipped with seeing strengths in your background that you might not even consider. For example, you might think a certain experience that you have is insignificant, but you might not be aware that it’s actually very unique and will make you stand out. A consultant’s job is to identify those traits and help you make them shine in your application. 

Preparing for the MBA interview? Make sure you have strategies to answer each of these question types:

Development of New Skills 

MBA admissions involve preparing things like MBA personal statements, MBA letters of motivation, recommendation letters, and also preparing yourself for MBA interviews. As a candidate, you must be able to convince the admissions committee that you are the right candidate for their institution, and this can only be achieved with solid writing skills and effective communication. MBA admissions consulting services will work with you to improve these essential skills.

First-hand Knowledge of Admissions Criteria 

No matter how confident you were about your application or how hard you worked on it, sometimes business schools have to dwindle down the application pool significantly and you might not make the cut. Business schools rarely disclose the reasons why they reject a specific candidate, so you if you get rejected and want to reapply, you might never know what you did wrong, or which aspects of your application needed improvement.

Here’s when MBA admissions consulting can make a difference. Many consultants have previously served on admissions committees and possess insider knowledge of how admission committees arrive at their admission decisions. They can take a look at your application and tell you exactly why you might have been rejected. Factors like low test scores, experience, and weak recommendation letters can severely decrease your chances of getting accepted. Getting an expert to review your application and find potential reasons for getting rejected can be the key to avoiding making common mistakes and boost your chances of acceptance. 

It is not uncommon for applicants to consider resorting to the knowledge of friends, colleagues or relatives who have some degree of experience in MBA admissions, whether because they successfully completed their own MBA journeys or because they have extensive knowledge in business. While they can help you by proofreading your essays and practicing for your interview, their insights may be incorrect, or even counterproductive. Furthermore, people who are close to you tend to be too subjective and might even avoid highlighting your mistakes out of fear of hurting your feelings.

Non-professional advisors might not know the school you are applying to, and therefore ignore the kind of profile the admissions committee is looking for. Additionally, they can never be as committed to the task of getting you accepted as a professional admissions consultant who is being paid to make sure you maximize your chances of acceptance. 

Is MBA admissions consulting worth it? 

While MBA admissions consulting is certainly not cheap, most consultancies offer a broad variety of options that adjust to your needs. Some offer packages depending on the number of schools to which you’re applying, some charge by the hour, and some charge by single service. For example, you might only be interested in interview prep, or essay editing for a single application.

Here are a few reasons why hiring an MBA admissions consulting service is worth the investment:

Want more tips on MBA interviews? This video is for you:

How to choose the best MBA admissions consulting service

Once you've decided to hire an MBA admissions consultant, the next step is finding the right one for your needs and goals. It's tricky to weed through the hundreds of available services and decide which ones is best, and it does require a bit of work. However, once you've narrowed down your list there are a few ways to choose the right MBA admissions consulting service for you.

Conclusion 

Getting into your dream MBA program will require you to impress the admissions committee with a great application and strong interviews, which MBA admissions consulting can certainly help with. An MBA admissions consultant can walk you through the A-Z of the MBA admissions process and offer support before, during, and after your acceptance.

Only a specialized professional will know exactly how to tackle the admissions process from start to finish and be able to give you personalized feedback that will help you develop new, life-long professional skills. MBA admissions are tough, but with the right help, your dream MBA program is just an application away!

FAQs

1. Is it hard to get into an MBA program?

MBA programs are quite competitive. In the case of the top-ranked business schools in the US, only up to 10% of applicants are admitted. Mid-ranked business schools, on the other hand, present much friendlier acceptance rates, admitting 30% to 50% of their applicants. These schools represent a great opportunity for applicants that might not fit into more competitive schools.

2. Do I need MBA admissions consulting to get into my dream program?

While some students opt to resort to friends or relatives who might have something to do with the world of MBA admissions and might be able to provide them with useful insight, only a professional MBA consultant will be able to properly guide you through the process. MBA advisors usually have some insider knowledge of the admissions decision-making process and know the kind of candidates each school tends to admit. They will be able to provide you with accurate and objective feedback that will boost your chances of acceptance.

3. What does an MBA admission consultant do?

MBA admissions consultants usually offer guidance and support before, during, and after the MBA application process. They can help you improve essential skills such as written and verbal communication skills and prep you for challenges like the MBA interview or taking the GMAT. An MBA admissions consultant provides personalized, one-on-one coaching and advice on your application, or can focus on the weak points you need to address before submitting.

4. How much does MBA admission consulting cost?

While MBA admission consulting is certainly not cheap, most consultancies offer a broad variety of options that will adjust to your needs. Some offer packages depending on the number of schools to which you’re applying, some charge by the hour, and some charge by a single service.

5. What do I need to get into an MBA program?

In order to apply for an MBA program, you need to have completed a Bachelor’s degree, gathered relevant work experience, obtained a high GPA, and taken an appropriate standardized test, usually GRE or GMAT. MBA admissions requirements usually include essays, recommendation letters, resumes, as well as admissions.

6. Is hiring an MBA admissions consultant worth the investment?

We strongly believe it is. Think of it this way: if the work of an admissions consultant results in your acceptance at one of the top-10 schools, the difference in compensation at a future job could add up to hundreds of thousands of dollars over the course of your professional career. If we adopt a long-term perspective, investing into a consulting service seems almost insignificant in comparison to what you could be getting in return.

7. Do I need to work in the business industry to apply for an MBA?

Even though it might seem that business professionals are the only people who can benefit from a degree in business administration, professionals from practically any field or industry are starting to aspire to MBAs.

8. What if I can't afford MBA admissions consulting?

MBA admissions consulting services are not always cheap, and while they are worth the investment, they are not in everyone's budget. Fortunately, some MBA admissions consulting services offer free resources and free initial consultations to get you started. There is also ways to pay for admissions help through scholarships and financial aid, so check with your university or employer to see if they offer financial help with continuing education.

To your success,

Your friends at BeMo

BeMo Academic Consulting

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