The Ultimate MBA Preparation Guide: From GMAT to Graduation

If one of your career goals is to lead a thriving company, you know the difference a master’s in business administration (MBA) could make for your career. The secret to succeeding in an MBA program? Preparation.

Don’t underestimate the power of being well-prepared for your MBA. Nearly two-thirds of MBA graduates report working their dream job within just six months of graduation.¹ Enjoying such fulfilling work can translate into better financial opportunities and an improved quality of life.

Ready to get started on living your dream? In this guide, you’ll learn the steps you should follow to be successful during the pre-admission process, during your studies, and after you graduate.

When Should You Start MBA Preparation?

Prospective MBA students benefit from 12 to 18 months of preparation for MBA admission. Overall, the admissions rates for some MBA schools can be lower than 10%.² You need this time to position yourself competitively.

Using this time frame, craft a backward timeline from the start date of your desired program. You’ll need to show admissions officers that you have what it takes to be one of the next generation of business leaders in whatever industry you choose.

This means boasting excellent test scores and a strong resume filled with leadership skills and important projects, all while meeting the required deadlines. When you map out the work, it’s easier to schedule your time around all your other life responsibilities.

Clarifying Your MBA Goals

Let’s start with the “why”: Understanding the reasons why you’re motivated to get your MBA will help you continue on your timeline toward success even when it gets challenging.

Most MBA graduates report wanting this academic achievement to acquire the vital skills and knowledge in the business world. A majority said an MBA expanded their area of expertise, and the curriculum helped them gain a broader understanding of how a business should be managed.¹

An MBA could also help you get started on a business idea you’ve had for years. Maybe you want to build the foundation for a more lucrative future. Or perhaps you know an MBA is important for that C-Suite role you’ve been eyeing. Be clear about your why, and you’ll have the motivation you need to work hard.

Deciding Whether the GMAT or GRE Is Better for You

Next, consider which graduate school entrance exam is appropriate for your long-term learning goals. You may want to take the Graduate Management Admission Test (GMAT) or the Graduate Record Examinations (GRE), depending on which test the school of your choice accepts or if they even require one.

GMAT is more widely accepted for admissions to business schools, and it tests you on quantitative reasoning, verbal reasoning, and data insights. The GRE is used by most graduate schools and a growing number of business schools. It ranks analytical writing, verbal reasoning, and quantitative reasoning.³

Whichever test you choose, consider designing a personalized study plan. Schedule formalized study time during the week, tackling topics one by one. For a high score, you’ll need to improve reading comprehension, critical reasoning skills, and various facts and formulas in the exam.⁴

The more strategic you are with your preparation before starting MBA test studies, the less stress you’ll face when the big exam day arrives.

How to Compare Business Schools Effectively

There are accredited business schools across the United States and worldwide,5 so it can feel overwhelming to choose which is best for your goals. A few characteristics to consider are:

• Tuition price
• Flexible learning platform or a traditional in-person program
• Specific specializations or concentrations
• Networking opportunities
• Location
• Size
• The rate of students who complete the program

Seattle University, which offers an online MBA , provides a value-centered curriculum that teaches technical business skills and soft skills that set you up for senior leadership success. Along with the cross-functional skill set, you’ll have access to a strong peer and mentor network to connect you with the career you seek.

Crafting a Strong Resume for MBA Applications

When you find a school that’s a good fit for your “why,” you’ll want the strongest resume to include in your MBA application. Start by researching the school to know what programs and experience they are seeking in potential candidates. Successful candidates show what they can contribute to a school, rather than only what they’ve done in the past.

Demonstrate your leadership experience and career advancement. Highlight your work, volunteer, and personal history with numbers and metrics. These measurable results can help admissions officers clearly see the impact of your efforts.⁶

Balancing MBA Preparation With a Full-Time Job

Learning how to prepare for MBA admissions and coursework can take time. If you have a full-time job, you’ll need to put a realistic structure in place that makes it possible for you to carve out time to apply and study.

Part-time MBA students can expect to spend around 15 to 30 hours a week on their academic program.⁷ But it’s a good idea to schedule additional time in your week to focus on self-care. MBA preparation must include a plan for managing stress and identifying milestones to celebrate along the way.

This way, you’ll be sure to keep your motivation strong as you complete your business learning goals.

Turning Your MBA Into Long-Term Success

If your goal is to thrive as a business executive in the industry of your dreams, MBA preparation is the first exciting step. Once you complete your studies, it’s time to leverage your degree for professional success. This should come naturally, as 68% of MBA graduates report feeling more confident in themselves after completing their degree.¹

Getting an MBA from Seattle U online makes it easier to jump into your dream job after graduation. That’s because the Albers School of Business and Economics offers strong networking events and a mentoring program that helps you get the connections you need. To begin your future of holding an MBA degree and reaching your leadership potential, set up an appointment with an advisor today.