Top 5 Factors to Consider When Choosing an MBA Program
Thinking about business school? When choosing which schools to apply to, and eventually attend, you'll want to make sure you're taking these five factors into consideration.
By Fiona T.
Expert admission coach for those with consulting and tech backgrounds
Posted June 30, 2025
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Table of Contents
Pursuing a Master of Business Administration (MBA) is a significant investment of time, money, and effort. Therefore, it is essential to choose the right school that aligns with your career goals and maximizes your potential for success.
Several factors should be taken into consideration during the selection process to ensure a well-informed decision. In this article, we will explore four crucial criteria for choosing the right MBA program: GMAT score, programs, alumni network, location, and timeline.
Top 5 Factors to Consider When Selecting a Business School
1. GMAT Score: Aim Above the Average
The Graduate Management Admission Test (GMAT) is a standardized exam used by business schools to assess applicants' readiness for their MBA programs. Each school has an average GMAT score for admitted students. While a higher GMAT score doesn't guarantee admission, it can significantly enhance your chances, especially if you aim to surpass the school's average score. A lower-than-average GMAT score may hinder your application, as schools often consider this metric during the selection process. Aim to perform well on the GMAT, but remember that it is only one aspect of your application.
For more on GMAT/GRE scores, read The Top 50+ Free Resources for GMAT/GRE Prep and GMAT vs. GRE: Which To Take and How to Ace Both
2. Programs: Find the Right Fit
Business schools are known for their expertise in various fields, and finding the right program that aligns with your career aspirations is crucial. Research each school's strengths and focus areas to identify programs that resonate with your interests. For example, Wharton excels in Finance and Healthcare Management, Stanford is renowned for entrepreneurship, and Kellogg boasts one of the best marketing programs. Choosing a school with a strong reputation in your chosen field can provide you with a valuable network and increase your chances of landing your dream job after graduation.
Read: How to Choose an MBA Program: The Discerning Student's Guide
3. Alumni Network: Long-Term Impact
The value of a strong alumni network cannot be overstated. Beyond the two-year MBA program, your connections to alumni can open doors and provide significant opportunities. For instance, certain industries like Private Equity (PE) often have a strong representation from specific schools like Wharton or Harvard Business School (HBS). Being part of this network, sometimes referred to as the "Wharton or HBS mafia," can offer a competitive advantage in such industries.
Researching the school's alumni network and its achievements can help you assess the potential long-term impact on your career. Consider programs that have a strong alumni representation in your target industries. Think to yourself, "Is this a group of people that I want to be associated with for the rest of my career?"
4. Location: Networking and Post-MBA Career Prospects
The school's location plays a vital role in your MBA experience and post-MBA career prospects. Consider your industry preferences and geographical interests when selecting a school. For instance, if you're interested in Finance, schools in major financial hubs like NYU, Columbia, or Wharton can provide easier access to networking opportunities and job prospects in New York City. On the other hand, schools like Stanford and Haas, located in the Bay Area, can offer excellent programs and abundant alumni connections in the technology sector.
While the location itself doesn't determine your career, it can significantly influence your networking opportunities and exploration of potential job markets.
5. Timeline: Capacity and Planning
How much time you have to prepare and submit your applications will have a bearing on your application strategy. With a longer application runway, you may be able to apply to more than your target schools. However, if you're rushed, you'll likely have to be more selective with your choices in order to spend the time focusing on making those applicants as strong as possible.
For more info on time, head to A Comprehensive MBA Application Timeline—With Chart
How Many Schools Should You Apply To?
Applying to five to seven schools is a common recommendation for MBA applicants. In your first round of applications, prioritize your dream schools and submit applications to them. Depending on the outcome of the first round, you can then select two to three "safe" choices for your second round of applications. Applying in Round 1 is ideal if your timeline permits, as it gives you more opportunity to add additional schools in later rounds based on the results of the first round. Read An Overview of MBA Admissions Rounds: When to Apply To Business School
Remember that the application process can be competitive, and having a mix of reach, target, and safety schools can increase your chances of receiving acceptance offers.
Conclusion
Selecting the right business school for your MBA is crucial for your career success. Considering factors like GMAT score, program offerings, alumni network, and location will guide you toward the best fit. Applying to five to seven schools, with a mix of dream schools and safe choices, enhances your chances of acceptance. Remember to take the time to thoroughly research and reflect on which school is the best fit for you. An MBA is not just a degree but an enriching experience that can open doors to exciting opportunities and personal growth.
If you'd like guidance figuring out what school is best for you, or anything else related to the MBA application process, head to my Leland profile! I'd love to help you get into your dream program.
Read these next:
- The Different Types of MBA Programs—and Which One is Right for You
- What is an MBA Degree? An Expert Guide
- MBA Requirements: What You Need to Apply (and What Top Programs Really Look For)
- T25 MBA Acceptance Rates, GPA, & Test Scores
- The Top 25 MBA Programs—Acceptance Rates, Tuition, and More
FAQs
How do I know which MBA program is right for me?
- Think about your career goals, the industries you’re targeting, and the type of network you want long-term. Then look at programs that specialize in those areas and have strong alumni connections in your target roles.
Is a higher GMAT score always better when applying to business school?
- Generally, yes—aiming above a school’s average can improve your odds. But it's just one part of your application, so balance your time across essays, recs, and interviews too.
How much does location matter when picking an MBA program?
- Location can impact recruiting, networking, and lifestyle. If you want to be in finance or consulting, for example, it helps to be near major industry hubs like NYC or SF.
Why does the alumni network matter so much?
- Because it affects your job search, mentorship, and long-term opportunities. Some industries and firms lean heavily on alumni ties when hiring.
How many MBA programs should I apply to?
- Most applicants apply to 5–7 schools. Start with your top choices in Round 1, then reassess based on results before Round 2.
Written by Fiona
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I am a seasoned MBA and career coach with many years of background in strategy and management. I received my MBA from Wharton, and have spent six years at McKinsey and later joined internal strategy team at Capital One, Meta, NetApp and most recently fintech startup FalconX. I am also the founder of Rittenhouse MBA, a leading MBA and career coaching service specializing in helping individuals secure admissions to top MBA programs, prestigious management consulting firms like MBB (McKinsey, Bain, BCG) and leading tech companies. About MBA As an MBA coach, my approach is centered around helping you craft a compelling narrative and select the most impactful stories that will set you apart in your application essays. I understand that many students feel the urge to include everything they've accomplished, resulting in essays that lack focus and depth. My role is to guide you to dig deeper and uncover the essence of your experiences, allowing you to showcase your true self and unique qualities. Drawing from my experiences in assisting numerous students, I recognize the significance of a well-crafted narrative in making a lasting impression on admissions committees. Together, we'll identify the key themes and strengths that define your journey, ensuring that every aspect of your essay aligns with your overall story. By streamlining your content and focusing on the most relevant details, we'll create essays that leave a lasting impact and effectively communicate who you are and what you can bring to the MBA program. About Career Coach During my time at McKinsey and Meta, I have spent hundreds of hours interviewing candidates. Knowing the recruiting process end to end let me help my students better prepare for personal, product and case interviews. For personal interviews, my coaching style revolves around helping students craft authentic and impactful narratives that effectively communicate their unique strengths and experiences. In case interviews, I provide framework and practice cases, equipping students with the analytical and problem-solving skills necessary to excel. My ultimate goal is to empower you with long term skillsets to achieve your dreams. Let's work together to unlock your full potential and pave the way for your successful career journey.
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