Training and Development

5 Tips to Prepare for Business and Finance Study Programs

Business and finance studies are a popular choice for undergraduate students because of their lucrative career prospects. Several students decide to get into business management, economics, and accounting programs for their graduation. 

However, since the study programs are so popular, the competition to get into these programs is fierce.

Moreover, several universities have a cap for their admission intake, which means only a limited number of students can get into these programs.

While you can find several generic articles that have tips like ‘research business schools’ and ‘prepare thoroughly,’ that is not what aspiring students need.

That’s why we have prepared a list of specific tips that can help you prepare for your business studies.

Register and Prepare for GMAT on Time

Even though students can take the GRE or GMAT exam to apply for business school programs, we would recommend that you take GMAT instead of the GRE. Most students would need to prepare for at least 5 to 6 months before they can take the examination.

Before you start studying, make sure that you target at least 20 points more than what is required by the business schools of your choice.

You can also take a mock test to understand your strengths and weaknesses so that you can focus on the areas that need improvement.

We highly recommend that you take help from a private online tutor who has a personal GMAT score of more than 760. These tutors are often management program students themselves who provide online help with business and finance homework.

Therefore, they have the first-hand experience of what is needed to prepare well for the exam. While you are getting help to prepare for GMAT, you can also ask the tutor about the homework and assignments are expected from business students. 

These types of information can not only help you during your future studies but also give you pointers for your interview.

Online tutors can also help you understand what business schools look for in aspiring students, and you can prepare accordingly.

Showcase Your Other Qualities

Business schools are not looking for students who only excel in academics. They always look for pupils who have other qualities as well that are essential for management professionals. Therefore explore the areas that you are good at, and try to showcase them in your application.

You need to ask yourself what makes you stand out from the other applicants.

Use the opportunity to convince the authorities why you are an ideal fit for the program. If you are good at sports, music, acting, oration, or any other co-curricular activities, make sure you highlight that in your application.

Reach Out to Get References

Business schools would often look for references in your applications. Therefore, you must reach out to influential people who can write a positive recommendation for you.

It can be a well-known professor, your former employer, someone known in the business community, so on and so forth.

Reach out to as many people as you can, select the strongest ones you can get, and forward them to admission authorities.

Whether you are providing letters of reference or getting online forms filled by people, make sure that you start the process 4 to 6 weeks before the last date.

Strengthen Your Application

Try to find if you have any weaknesses in your application, and utilize the time to strengthen your application.

For example, if you do not have any activities to show for a year of academic studies, try to get a certificate from a non-profit organization for volunteer work.

Or you can take a class to show that you are learning another language while you are preparing for your examination. These types of activities impress the reviewing authorities and can help you get selected at the business school.

Attend a Few Lectures

Take a tour of some of the universities you have selected for your program and see if you can attend a few lectures. Universities often allow prospective students to attend lectures, so that they can get a feel of what is expected from them.

It will also allow you to interact with the University students to gain further insights. You will be able to understand how attending the University can help your professional and personal aspirations.

Once you have decided to apply for a business and finance program, you must keep at least 7 to 8 months to prepare yourself. We hope that these tips will help you to prepare your application as well as for the GMAT examination. Good luck!

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