Admissions criteria
Most programs base admission on the Graduate Management Admission Test (GMAT), significant work experience, academic transcripts, essays, references or letters of recommendation, and personal interviews. Schools are also interested in extracurricular activities, community service activities and how the student can improve the diversity and contribute to the student body as a whole. All of these qualifications are important for admission; however, some schools do not weigh GMAT scores as heavily as other criteria.
Most schools are first concerned with whether or not the applicant can handle the quantity of course work. The GMAT (the quantitative score) and academic transcripts help determine this. Once the school determines that the student can succeed academically, they examine the remainder of the application to evaluate the applicant’s experience and leadership abilities.
Program content
Most top MBA programs cover similar subjects within their core required courses. For information about the typical content of an MBA program’s core curriculum, see the overview at the Wikiversity MBA topic page.
Breadth
MBA programs expose students to a variety of subjects, including economics, organizational behavior, marketing, accounting, finance, strategy, operations management, international business, information technology management, supply chain management, project management, government policy, and ethics. Students traditionally study a wide breadth of courses in the program’s first year, then pursue a specialized curriculum in the second year. Full-time students typically seek an internship during the interim.
Specialization
Many programs allow students to specialize or concentrate in a particular area. Standard concentrations include accounting, corporate strategy, decision sciences, economics, entrepreneurship, finance, general management, human resources, international business, marketing, organizational behavior, project management, and operations management. Unspecialized MBA programs often focus second-year studies on strategic management or finance.
In addition, a program may offer more specialized concentrations such as Asian business, consulting, sports management, or degrees emphasizing real estate or insurance. Many schools offer unique concentrations available nowhere else.
