Many recent grads wonder if they should pursue their MBA right away or wait until they have more work experience. When it comes to what experience you need to get into the program of your dreams, the answer really depends on your personal qualifications – but the underlying concept is relatively simple.
The criteria that most MBA programs are looking for in applicants can be summed up in two basic propositions. The applicant should be able to confidently say:
- I have a solid and demonstrable level of leadership experience.
- I have a compelling reason for applying for an MBA right now (i.e. career goals that require an MBA).
If you feel you can sufficiently speak to these two ideas, you have a good chance for admission. Of course, there are many other factors – and the law of averages counts for something, too.
The Work Experience Sweet Spot
Many programs require (or might as well require, based on their acceptance statistics) a few years spent in the workforce. Elite schools, in particular, generally ask for more than others. Wharton, for example, claims that an average student has five years of work experience, while Harvard Business School’s average is closer to four. Three has been recognized as pretty standard among most schools, as long as the work experience includes leadership experience.
However, there are still some excellent reasons to apply for an MBA program right out of undergrad – not the least of which is if your desired career goals pretty much require the degree right away. After all, doctors and lawyers feel no compunction about moving toward higher education without a three-year break to work as a lab tech – so why should you have to wait?
That being said, if you are going to apply to an MBA program right out of academia, there are a few things you will want to consider.
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