Congratulations! You now find yourself in the enviable position of having been accepted to multiple MBA programs, and you have to make an important choice. Don’t forget to consider the factors below before committing.
Post-graduate employment opportunities. Take a close look at what companies are actively recruiting and hiring at the MBA programs that you’re considering. You can review each school’s career placement report (most schools have made their 2023 report available) and/or engage with the school’s career services team to learn more. Alternatively, if you dream of starting your own company, consider how each program supports entrepreneurs with mentoring, networking, and access to financing.
Academics. Which schools can boast leading professors in your specific areas of interest? Whose research makes you most excited? Are students involved in faculty research? Confirm that the school offers concentrations or majors in areas that you want to study and/or consistently makes courses available in topics of interest to you (beware the visiting professor!).
Geography. Where you are located plays an important role in your ability to network. If you know where you want to live post-graduation, consider those programs that are within that city or state. Similarly, if your goal is to enter a particular industry, think about programs that are located near one of the industry’s hubs.
Fit. Will you feel comfortable at the school? Does it meet your expectations in terms of collegiality? Alumni-base? Are there other students similar to you in terms of lifestyle and/or interests? You want to choose a program where you’ll not only be happy for the next two years, but where you’ll be able to build a life-long network.
Cost. An MBA is a major investment so compare the cost, including cost of living. But, keep in mind, not all schools offer the same ROI. Attending a top-tier school, while necessitating a larger initial outlay, can prove to be a better return on your investment. Conversely, if you know you want to return to your company post-graduation, it may make sense to opt for a very good, but more reasonably priced MBA program.