Here Are Common Myths About Business Schools

 A business college is a university-stage group that presents stages in enterprise management or control. A business college can also be known as an enterprise management college, or colloquially a school or biz college. Following are the myths about B-schools: 


  1. Your GMAT score is the most important part of your MBA application:

GMAT scores are not the most important factor when considering MBA applications. But while this is true, applicants with a GMAT score of 780 were rejected from the top schools, and applicants with a GMAT score of 500 were admitted to the same schools. Indeed, a GMAT score gives you a competitive edge, but if the rest of your resume, like your application essay and cover letter, is not equally stellar, a high GMAT score will not make up for it. 


  1. Business school only prepares students to work in a few fields:

In the past, many B-school graduates have worked in investment banking or consulting. While many graduates go on to find jobs in these industries, there are a wide variety of employment opportunities for students, from marketing and technology to sustainability and entrepreneurship.


  1. I won’t be successful because I don’t have a business background:

You can be successful in business school without a college degree in business or working in traditional business roles - and you certainly don't have to be a maths geek. However, students with a more liberal arts background will need to demonstrate their aptitude through good GMAT scores, additional coursework, or other means.


  1. Business school is too expensive, and I can’t afford it:

The sticker prices you see listed on admissions websites can certainly be high, especially for in-person programs. However, you won't necessarily have to pay the full amount, especially if you can get scholarships and/or financial aid. In fact, if you're in the under-represented group in business school - such as women, BIPOC or the LGBTQ+ community - you could have tens of thousands of dollars in scholarships. And the higher salary you'll receive after graduation will help you pay off your remaining debt faster.


  1. You need a finance background to pursue a finance-centric business school: 

 Business schools are often associated with reputation. For the most part, stereotypes revolve around student culture or the direction of a school's curriculum. Here we are interested in program orientation.


Visit Welingkar to know more about PDGM Courses in Mumbai and Bengaluru to kickstart your career. 

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