Are You Ready To Study An MBA?

Every MBA in the world must impart fundamental business concepts that are easily interpreted and can be applied to the real world, but the best programs are those that take things further.

Many of Australia’s programs, for example, have been designed in response to the world’s growing complexity, disruption and ambiguity. They contain the lessons necessary for helping future business leaders become resilient, adaptable, progressive and influential to succeed on the global stage.

While MBA programs are typically open to those who hold the necessary experience and qualifications, Australia’s top business schools are also interested in looking past the formalities. For institutions like University of Sydney Business School, it is about selecting students who have the personal attributes to not only succeed in the classroom but also exceed expectations in the real world.

To help prospective students decide if an MBA is the right path, Sydney Business School recently put together a list that sheds a light on what qualities are sought after in an MBA applicant:

  1. You’re a true leader with creativity, vision and influencing skills
  2. You’re a problem-solver who thrives on adaptability and resilience
  3. You embrace experiential learning
  4. You’re driven to make a positive impact
  5. You have a willingness to share your experience
  6. You embody a global mindset

If you possess several or all of these attributes, then studying a modern MBA at a top-tier business school may very well be the path for you.

You’ve decided to pursue and MBA…now what?

Enrolling in an MBA is a different process to enrolling in an undergraduate course straight after high school. Each business school has its own process, so it is important to understand the requirements for the program you are interested in.

You can gain a valuable insight into Australia’s MBA programs by visiting MBA News Australia’s Program Directory.

Here are some things to consider when applying for an MBA.

Ensure you have all the correct documentation

Paperwork may vary between MBAs, but successful preparation will involve gathering documentation including:

  • GMAT scores
  • A resume showing a minimum of two years’ work experience
  • Academic transcripts
  • Evidence of citizenship or residency
  • A copy of your IELTS or TOEFL scores to prove your proficiency in English (if required – check score requirements with your university)
  • Professional references
  • Any other documents required for specific programs

Make your MBA application stand out

Applications may require you to supply a personal statement, or state of motivation to help illustrate why you wish to study an MBA. This, according to University of Sydney Business School is a chance to show why you are the perfect fit for the program, what sets you apart from other candidates and how you will add value to your fellow cohort.

University of Sydney Business School suggest the following questions to cover in a strong statement of motivation:

  • What do you hope to achieve professionally and personally by completing a full-time MBA?
  • What are your academic and professional achievements?
  • Are you involved in community and extracurricular activities?
  • What are your leadership qualities?
  • Have you received any awards and recognition?
  • What sets you apart from other candidates around the world?
  • How will you add value to the full-time MBA?

Prepare for an MBA interview

Interviews are also important elements to enrolling in a  top MBA. It is important to stay relaxed, authentic and self-aware throughout the process. Prior to the interview, it is also important to conduct research on the university’s values, achievements, current MBA scholarships and initiatives, and any other pieces of information that shows you are invested enough to join its MBA cohort.

It’s also an opportunity for you to ask questions to find out more about how a the MBA can help you achieve your goals. 

Ben Ready
Ben Ready founded MBA News in 2014 and is the Managing Editor. He is a former business and finance journalist with Australian Associated Press (AAP) and Dow Jones Newswires in London. Ben completed his MBA in 2012 and was awarded the QUT GMAA Entrepreneurship Prize. He is also the founder and Managing Director of RGC Media & Mktng (rgcmm.com.au).