Introduction
An MBA is a life-changing decision. It allows access to highest paying jobs, leadership positions, and global careers. But before you make that leap into a top business school, there is one big hurdle in the way—the GMAT.
The GMAT (Graduate Management Admission Test) is a key component of your MBA application. A high score can really go a long way in helping you get into top notch programs. However, GMAT preparation, choosing the best fit business school, and applying for scholarships can be a daunting process.
This guide simplifies it all into steps. Whether you’re at square one or somewhere along the way, each resource you need to make the leap from GMAT prep to MBA admission can be found here at CrackISB.
1: Understanding the GMAT in 2025
The GMAT has changed in recent years. The GMAT Focus Edition is now shorter and focuses on three key areas:
- Quantitative Reasoning – Tests your math and problem-solving skills.
- Verbal Reasoning – Assesses your reading comprehension and logical thinking.
- Data Insights – Measures your ability to analyze charts, graphs, and trends.
GMAT Exam Structure (2025 Edition)
Section | Questios | Time | Score Range |
Quantitative Reasoning | 21 | 45 min | 60-90 |
Verbal Reasoning | 23 | 45 min | 60-90 |
Data Insights | 20 | 45 min | 60-90 |
Total | 64 | 2 hrs 15 min | 205-805 |
Why the GMAT Matters
Your GMAT score is one of the key factors business schools look at when evaluating applications. A score above 685 puts you in a strong position for top programs like Harvard, Wharton, and INSEAD.
2: Preparing for the GMAT
1. Create a Study Plan
- Start 4-5 months before your test date.
- Study 2-3 hours per day, focusing on your weak areas.
- Take sectional tests every two weeks to track your progress.
2. Best GMAT Prep Resources
- Official GMAT Prep – Provides real exam questions.
- creackISB – Great for improving overalll skill development
- GMAT Club Forum – Free discussions and practice questions.
3. Take Practice Tests Regularly
- Simulate real exam conditions when taking mock tests.
- Analyze your mistakes and focus on improving weak areas.
- Develop time management strategies for each section.
3: Choosing the Right MBA Program
1. Define Your Goals
Before selecting a business school, ask yourself:
- What industry do I want to work in—finance, consulting, tech, or entrepreneurship?
- Do I need an MBA with a specialization, or is a general MBA better?
- Am I looking for international exposure?
2. Top MBA Programs (Financial Times 2025 Rankings)
The Financial Times Global MBA Rankings 2025 list the best business schools based on academic reputation, career impact, and salary growth.
Business School | Global Rank | Average Salary (Post-MBA) |
Wharton (University of Pennsylvania) | 1 | $241,522 |
Columbia Business School | 2 | $270,000 |
IESE Business School (Spain) | 3 | $250,000 |
INSEAD (France/Singapore) | 4 | $249,000 |
SDA Bocconi (Italy) | 5 | $296,000 |
MIT Sloan School of Management | 6 | $275,000 |
London Business School (LBS) | 7 | $266,000 |
Harvard Business School (HBS) | 13 | $257,000 |
Indian School of Business (ISB) | 27 | $185,885 |
IIM Ahmedabad (India) | 31 | $219,467 |
4: Building a Strong MBA Application
Business schools look beyond test scores. A strong application includes:
- GMAT Score – Aiming for 685+ improves your chances.
- Work Experience – Most schools prefer at least 2-5 years of experience.
- Academic Record – Good college grades matter, but they aren’t everything.
- Essays & SOPs – Clearly explain why you want an MBA and what makes you a strong candidate.
- Letters of Recommendation – Pick people who can genuinely highlight your strengths.
- Interview Preparation – Be ready to discuss your career plans, leadership experiences, and motivation for an MBA.
Applying in Round 1 gives you a better chance at securing scholarships and early admission.
5: Financing Your MBA
An MBA is a significant investment, but there are several ways to manage costs.
Scholarship & Financial Aid Options
- Merit-Based Scholarships – Awarded based on GMAT score and achievements.
- Diversity Scholarships – Provided by organizations supporting women and underrepresented candidates.
- Employer Sponsorships – Some companies pay for your MBA in exchange for a work commitment.
- Education Loans & Fellowships – Many banks and universities offer student-friendly loans.
Applying for scholarships early increases your chances of receiving financial aid.
6: Career Opportunities After an MBA
An MBA can lead to leadership roles in various industries. Some of the top career options include:
- Investment Banking – Firms like Goldman Sachs and JP Morgan hire MBA graduates with salaries starting at $150,000+.
- Consulting – Companies like McKinsey, BCG, and Bain offer salaries of $140,000+.
- Tech Leadership – Roles at Google, Amazon, and Microsoft start at $130,000+.
- Entrepreneurship & Startups – Many MBA graduates launch their own businesses after gaining industry experience.
With the right approach, you can secure admission to a top business school and build a successful, high-paying career. If you’re serious about getting an MBA, now is the time to start planning.
