Most prospective MBAs take at least a year to get through all the stages of self-assessment, information gathering and school research, test preparation, saving and budgeting, submitting applications, satisfying prerequisite course requirements, and enrolling.

Here are some milestones to keep in mind:

One Year Out:

• Begin the self-assessment process.
• Register and start preparing to take the Graduate Management Admission Test® (GMAT®).
• Start gathering information and researching schools.
• Start saving, budgeting, and trying to live like a student.

Nine Months Out:

• Register for any prerequisite or supplemental classes.

Six Months Out:

• Submit your applications.

When you apply can affect your chances of being accepted. Earlier is generally better, although admissions professionals caution that you should only apply when you are absolutely ready and you feel you can submit a strong application. Applying early will not benefit you if what you are really doing is applying prematurely.

More Attention

Your application is likely to receive more time and consideration if it arrives before the majority of other applications. Applying early will demonstrate a serious interest in a program and reflect your good planning skills.

Financial Aid Opportunity

You may be able to increase your likelihood of receiving scholarship or financial aid money by applying early. You will also have more time to recover and plan if your request for scholarship funds is rejected or if you get less aid than you had hoped.

Time to Solve Problems

Problems may arise during the application process, such as transcripts or recommendations not arriving when expected. By submitting your application early, you allow time to address those issues before you miss a deadline.

Before you submit your application, use the following checklist to review it and make certain it will be effective:

1. Did you complete the entire application? An incomplete application will not reflect well on you.
   
2. Did you follow the instructions? If not, the school may not consider the application complete.
   
3. Does your application look professional? All schools expect a serious applicant to submit materials that are typed, organized, and completed.
   
4. Have you checked that you are sending the right materials to the right schools? All schools want thorough candidates who double-check their work.

Graduate Management Admission Test and GMAT are registered trademarks of the Graduate Management Admission Council®.