As the 2021-2022 MBA application season kicks off, you may be wondering if this is the right time for you to pursue an MBA. Each year, Personal MBA Coach helps countless MBA hopefuls answer this question.
To help you determine whether it is the right time for an MBA, ask yourself if one or more of the following rings true for you. If so, now may very well be the time to get started developing your MBA Application Plan!
You are ready to switch careers
Switching careers while also writing your business school applications can be tricky. While it works for some to change industries or functions pre-MBA, for most applicants, post-MBA is a better time to switch careers. In many ways, an MBA is a great equalizer, and post-MBA students often start at a level similar to each other. If you want to switch careers, an MBA is a great place to start.
Your personal situation makes it a good time to become a student
Going back to school (especially full time) is a major lifestyle change, and your personal circumstances should be a big factor in this decision. Is your partner going back to school and it will be easier to study together? Perhaps personally you are looking to make a big move or change. If late 2022 is shaping up to be a good time for you to become a student, it’s time to get your applications started.
You have plateaued at work
Do you feel stuck at your current level? Do you need an MBA or advanced degree to reach the next step in your career? If you feel that you have learned all you can in your current role, not only will additional experience be less likely to help you, but it also may limit your options. If you feel you are close to plateauing, now also might be the time to apply. Keep in mind it will still be over a year until you are likely to enroll.
You already have 3-6 years of pre-MBA experience
The average applicant has 3-6 years of pre-MBA experience. After 6+ years, your chances of admission begin to decrease slightly each year. The longer you wait, the more likely you will run out of time to give your dream school your best shot. So, consider shooting for the stars now!
That said, do not worry if you have already surpassed 6 years of work experience, as Personal MBA Coach works with many more-experienced applicants who gain admission to top programs by crafting a story to explain their roles to date.
If you are ready to take the MBA plunge, Personal MBA Coach is here to help you through all aspects of the MBA application process.