Business school admissions can be overwhelming. It is best to break the process up, so that you can work on your applications little by little. There is just too much to do in one month. This Business School Application Timeline will help you stay on task and ensure that you don't get behind.
The TOEFL (Test of English as a Foreign Language) tests your English reading, writing, and speaking skills. If you speak English as a second language, you may be asked to submit TOEFL scores as part of the admissions process. A good TOEFL score could give you the edge you need to get accepted. There are lots of ways to prep for the TOEFL, but if you;re on a budget, the Internet is the place to be. Here are 15 free online TOEFL prep resources.
Whether your school requires it or you just want to gain experience, an internship is a must for business school students. Check out this guide to business internships to learn more about what you can expect to gain from an internship, how much you will be paid, where to find an internship, and how to make the most of your intern experience.
Business majors can earn a $1,000 scholarship through the Abercrombie & Fitch Future Leaders Scholarship. This program is open to full-time students who will be in the sophomore, junior, or senior year of college in the fall of 2014. You must have (and be able to maintain) a 3.0 GPA. You must also be a U.S. citizen or permanent resident and submit a resume and letter of recommendation for consideration. The deadline to apply is May 30, 2014. Read more about the Abercrombie & Fitch Future Leaders Scholarship.
Many master's degree programs take two years to complete, and the traditional MBA program found at most U.S. business schools is no exception. However, there are some schools that offer accelerated programs that take anywhere from 11 months to 18 months to complete. These programs allow you to get your degree fast and start your career sooner. Read more about accelerated MBA programs.
Tis the season for internships. The right internship program can help you wind your way down your chosen career path. You may even get a full-time job offer once the program is complete. The web is a great place to look for opportunities. If you haven't landed the perfect internship yet, check out this list of 25 job search sites for interns.
June is a great time to apply for scholarships--you have a break from school, and there are tons of scholarships to apply for. Many scholarship programs have June deadlines, so this is a prime month to seek out funding. Allen Grove, the About.com Expert on College Admissions, has a great list of scholarships with June deadlines.
Good luck with your applications!
Before beginning business school, it is wise to determine the maximum amount of money you will need to pay for your education. This will help you come up with an approximation of the debt you'll have upon graduation and allow you to begin working on a repayment plan. It may seem like something that doesn't need to be done before you even take out a loan, but the further ahead you look, the easier it'll be to manage your debt after graduation.
It is also important to keep track of your student loans while you're in school, and make sure the amount you're borrowing doesn't exceed your anticipated debt. If you find that you're borrowing more money than you thought you'd have to, you'll need to consider ways to reduce your expenses or alter your repayment plan.
Learn more about student debt:
It's probably not financially feasible for you to pay for your business school tuition out of pocket, so you'll need to explore other avenues. There is always the option of borrowing, but student loans need to be paid back. You're better off applying for as many scholarships and grants as you can find.
Many charitable organizations offer scholarships, as do a number of businesses. The federal government, state governments, and other institutions also offer funds to qualifying individuals. Even if you don't receive enough to cover all your expenses, every penny that's given to you is one less you'll need to borrow.
Scholarship and Grant Resources
Many people choose to major in business because it is such a diverse field. There are many ways to gain an education and multiple careers that could be pursued with a single business degree. Some careers require advanced degrees and certifications; others require little more than on-the-job training. Read more about your business education and career options.