I've heard MBA programs are taking students with less work experience now- is that true? Specifically, will 3 years of international IB experience (basically analyst stint, which are usually 3 years where I live) be good enough work-experience wise to go directly into a US MBA program?
MBA Required Work Experience
While there are always rumors of the top MBA programs accepting candidates with less work experience, our users are skeptical that just 3 years of work experience will result in acceptance to a top 25 or M7 program.
It depends on the MBA program you are applying to. If you go to a Top 25-75, you can get in with that level of work experience. It is possible to get into the Top 25 programs with only 2 years, but it will be much more difficult b/c they take into account the length and depth of your experience.
So, if you can, I would try to get into PE/HF for a year or two and then go back. Should help your M7 chances.
The top B-schools admit in buckets. If you're applying in the "banker bucket" with less experience than other applicants and no PE, you'll need a something else to make them overlook it. Whether that's extracurrics, unusual career aspirations, minority status, a recommendation from Joe Perella, whatever.
User @Betsy Massar shared that the amount of work experience has not been dramatically falling:
There are always rumors that business schools are taking younger applicants. I've been hearing it for years, but if you look at the averages, you will see that they have been remaining steady for a while now, at about 4.5 years or so. The info is pretty handily available in the class profile page of the school you are looking at.
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