MBA work experience: What do B-Schools require?

MBA Work Experience

MBA work experience
 - Master of Business Administration is one of the most sought after courses for fresh graduates from any field. In fact, aspirants who do not have a management background also show interest in pursuing MBA because a good sense of business and management skills helps candidates stand out of the crowd and further their growth in the organisation. Pursuing an MBA degree can be the most significant step in your professional career. According to a Financial Times (FT) report, a 24-year-old professional can get a hike of approximately 145% in his salary post an MBA degree. One reason why pursuing an MBA is different from other programmes is because business administrations are majorly focused on practical case studies. A global MBA programme not only introduces the student to a diverse perspective but also enhances his practical knowledge.

Apart from other requirements such as GMAT score and academic performances, prior work experience is one of the most important elements of your application for MBA. However, it differs from country to country. In USA, the average required work experience for MBA scale ranges from 3-10 years with many business schools requiring experience after undergraduation. However in Australia, many business schools require students to have additional managerial experience apart from the executive level experience with the average range being 1- 3 years.

Careers360 has come up with a summarised list of average MBA work experience required in top universities in the world.

MBA Work Experience in USA-


The USA is one of the top choices for students to study MBA since it is one of the most prominent education hubs and is home to some of the top universities in the world like Stanford, Harvard and MIT, among others. Full time MBA programmes in the US mostly take two years to complete, but many MBA specialisations also end within one year.

Although work experience is not the most important aspect of your application for business schools like Harvard, but preference is always given to experienced professionals. The average work experience of MBA students accepted in business schools in the USA falls within the range of 3-7 years. In fact, it can go upto even 9 years in universities like MIT Sloan .  

 

Below is the list of top universities to pursue MBA in the USA with average required work experience and GMAT score-

Business School

FT Ranking

Average GMAT score

Average Work Experience

Harvard Business School

1

700-760

Not given

Wharton, University of Pennsylvania

3

620-790

5-6 years between graduation and joining the MBA

Stanford Graduate School of Business

3

733

4 years

California Business School

6

715

3-7 years

MIT Sloan School of Management

8

670-760

4-9 years

MBA Work Experience in Canada-

Canada is one of the fastest growing top business school destinations. In the last few years, there has been a four-fold increase in the number of international students exploring the country's educational system. Relaxed immigration laws and comparatively stable economy make it easier for international students to stay and work in Canada after completing their MBA. Apart from that, at least six Canadian universities have been securing a rank in top universities FT ranking almost every year. 

The average work experience required for MBA in a Canadian university is 2-3 years with some prefer experience as high as 5 years. Most of the top universities accept admission between December and March every year. Here is the list of top universities according to FT ranking and required work experience-

Business School

FT Ranking

Minimum GMAT score

Required average Work Experience

Rotman School of Management, University of Toronto

53

600

2 years

Sauder, The University of British Columbia

81

550

Not given

Queen’s School of Business, Queen’s University

86

600

2 years

Alberta School of Business, University of Alberta

86

550

5 years

Ivey Business School, Western University

97

656

2 years

MBA Work Experience in Asia-

Asia has proven to be one of the fastest growing business and education hubs in the last few decades. Five business schools from the region were ranked in the top 30 business schools in the World in 2015 FT ranking and there has been consistent improvement. According to figures from AACSB and Association of MBAs, China is home to the maximum number of top business schools in Asia. China and Singapore are gradually emerging countries in Asia. 

Like USA, Asian universities, too, are not very strict about average work experience when it comes to admission in MBA but a working professional is always preferred by the faculties. GMAT score is a major aspect that gives weightage to your application.

 

Here is the list of the top business schools with ranking and approximate required GMAT score for admission.

Business School

Country

FT Ranking 

Required/Average Work Experience

Minimum GMAT Score

Insead Business School

Singapore

4

 Minimum 2 years

620-640

Ceibs

China

11

 No minimum work experience given

600 or above

HKUST Business School

China

14

 10 Years

580-710

Indian Institute of Management, Ahmedabad

 India

26

 Not defined

Minimum 650

CUHK Business School

China

30

3 years

650

MBA Work Experience in Europe-

Studying MBA in Europe is a chance for students to develop their professional skills in a cultural environment with practical exposure. Also, Europe is home to many of the oldest universities in the world, hence ensuring a large alumni network. With 3 years being the average work experience required in European business schools, studying in a class consisting students with work experience and high GMAT score makes it more competitive.

European universities focus more on practical exposure and case studies. That is why they require comparatively more experienced students. Minimum required work experience in the UK is two years, however in France and Switzerland, the universities require a minimum of three years experience.

 

Aspirants can find the detailed information on minimum required GMAT score and work experience in top business schools in Europe below-

Business School

Country

FT Ranking 

Required/Average Work Experience

Minimum GMAT Score

London Business School

UK

2

2-11 years

701

University of Cambridge: Judge Business School

UK

13

1-2 years

640

HEC Paris Business School

France

16

Minimum 3 years

600

IMD Business School

Switzerland

20

Minimum 3 years

620

University of Oxford: Said Business School

UK

22

Minimum 2 years

650

SDA Bocconi

Italy

26

Average 5 years

Not defined

MBA Work Experience in Australia-

Australia is again one of the most sought after destinations for international students and home to some of the top business schools in the world among which Melbourne Business School secures a rank almost every year. There are approximately 83 business schools which offer some of the most globally recognised specialisation in MBA, thus making it a perfect destination to study. A peaceful environment with cosmopolitan culture of cities like Melbourne, Sydney attract students from overseas.

Average required work experience to study MBA in Australia is two years. However, GMAT scores are not so high for international students to study. Here is a list of top business schools which secured a rank in FT ranking with required work experience.

Business School

QS world Ranking

Minimum GMAT score

Required average Work Experience

AGSM at UNSW Business School

75 (FT Raking)

550

2 years

Melbourne Business School

42

680

2 years

Monash University

67

Not specified

3 years

MBA Work Experience in New Zealand-

New Zealand universities are more focused on higher work experience for MBA compared to other countries. For example, Victoria University of Wellington accepts candidates with low GMAT score if they have high work experience. In fact, the average work experience required at most business schools in New Zealand is 3- 5 years which also include at least 1-2 years of managerial experience.

Here is the list of top universities in New Zealand with minimum GMAT score and work experience for MBA.

Business School

QS Ranking

Minimum GMAT Score

Work Experience

University of Auckland

82

Not given

5 years

University of Otago

173

Required but not specified

3 years

University of Canterbury

211

600

5 years

Victoria University of Wellington

229

550 

5 years 

Executive MBA-

MBA and Executive MBA are both graduate level programmes with a little difference in course duration and fee. The only difference between the two is that an executive MBA is designed to educate working professionals such as managers, entrepreneurs, business leaders etc that’s why aspirants are asked for comparatively higher work experience by universities. In many cases, students have their executive MBA partially or fully sponsored by their employers. In some universities, coursework duration is same as regular MBA.

Although GMAT score is important but work experience plays the most important role for admission in executive MBA programmes. In fact, many business schools offer MBA admission without GMAT score if candidates have a good number of years as experience. Most of the universities prefer candidates with an average of 10-15 years of managerial experience. For example, Harvard Business School requires approximately 10-15 years of experience and the student should have come from organisations with annual revenues in excess of $75 million, whereas Wharton Business School admits students who have 11 years of work experience and excellent academic background. The most important thing the top business schools want in a candidate is uniqueness and quality of leadership. Here is a list of top business schools with average required work experience and FT ranking.

School Name

FT Ranking

Country

Average work experience

Harvard Business School

1

US

10-15 years

London Business School

2

UK

average of 12 years

Wharton Business School

3

US

11 years

Stanford Graduate School of Business

4

US

Not specified

Insead Business School

4

Singapore

13 years

Columbia Business School

6

US

9 years

Iese Business School

7

Spain

10 years

MIT: Sloan Business School

8

US

8 years

Booth Business School

9

US

13 years

University of California at Berkeley: Haas

10

US

12 years

Stay tuned to www.studyabroad.careers360.com  for more news and updates on MBA

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