Many professionals are turning to an MBA degree to meet the high educational criteria set by companies. An MBA helps you gain in-depth knowledge of day-to-day business functions and offers amazing remuneration. It also teaches you business ethics and strategy and helps you develop teamwork abilities.
Many prestigious institutions and online educational platforms like Amity offer this course. Initially, MBA admissions were largely dependent on standardised test scores like GRE or GMAT. However, recently test-optional MBA admissions have become prominent.
In this article, we have compiled the latest MBA admissions trends, MBA entrance exam alternatives, and more.
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Request a call →Overview of Traditional MBA
A traditional MBA institution will offer you admission based on your GMAT score, which lies between 200 and 800. It will test your readiness for the program, and a good score means entry to a reputed MBA institution. Additionally, in a traditional MBA candidates with relevant work experience will get a preference.
However, standardised tests like GMAT have several drawbacks. The most common drawbacks are bias and inequality. A good GMAT score can be a result of better access to resources or a better socio-economic background. This becomes unfair to underprivileged backgrounds. MBA entrance exam alternatives like test-optional policies are thus an ideal solution.
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What is a Test-Optional Policy?
Test-optional MBA admissions state that submitting a standardised test score is not mandatory for admission to business schools. Such institutions are flexible towards a GMAT or GRE score. However, they can impose their own admission test guidelines. The test-optional policy makes the admission criteria more flexible. It gives opportunity to a diverse range of learners, and gives importance to soft skills as well.
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Test-Optional MBA Admissions: What is the Reason Behind it?
The test-optional policy is showing a path towards the future of MBA admissions. Some reasons why MBA schools are choosing this policy are:
- It provides more opportunities to a diverse population. Thus, it helps remove any bias or inequality.
- A no-test policy would encourage minority populations and women to be admitted.
- Non-traditional and first-generation learners also get an admission opportunity to a reputable institution.
- Many MBA schools have realised that standardised scores are not the only indicator of success. There are other alternatives to judge the valuable skills of a candidate.
- A standardised test like the GMAT can not assess essential soft skills. Skills like leadership, communication, and collaboration are equally important for an MBA candidate.
- Changing the educational picture is another reason. Many offline testing centers are closed due to the global pandemic. Thus, online testing is now the primary focus.
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What Was the Experience of No-Test Policy Adopters?
Among the various innovations in MBA admissions is the no-test policy. The experience of the no-test policy adopters was positive, with a surge in admission rate. Here are the common feedbacks:
Higher application
As a result of the no-test policy, most business schools reported higher applications. Removing the test criteria acted as an easy entry to reputed institutions. According to a survey by Wiley in December 2022, 43% of 70 respondents agreed that academic background has become diverse.
Greater candidate diversity
The institutions with the no-test policy also experienced better candidate diversity. More underprivileged candidates, first-generation learners and women were keen to take MBA admission. Such diversity leads to a better learning environment.
Better academic quality
Even after removing the test criteria, most institutions have experienced better academic standards. Admission committees now look for alternative skills like communication or leadership.
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Innovations in MBA Admission: Exploring the Alternatives
The response to standardised test scores is using innovative alternatives. A few of such alternatives are:
Holistic application reviews
Business schools have now adopted a more holistic approach towards application. They are considering other important factors. They are focusing on extracurricular activities, and leadership skills to assess a person’s potential. By assessing such a variety of factors, institutions can now make a better choice of candidates.
Behavioural assessments
Some institutions have also incorporated behavioural assessments into their admission criteria. Some of these tests include structured interviews, judgement tests, and simulations. These test a candidate’s emotional intelligence, interpersonal skills, etc.
Skill-based evaluation
One innovation among the recent MBA admissions trends includes skill-based evaluation. MBA admission criteria now include tests to judge a candidate’s practical skills and competencies. This can include group discussions, case studies, and other important aptitude tests.
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Are you ready to take the next step in your career ?
EnrolL Now →Conclusion
This blog provides an idea of the trends in MBA admission. This course provides practical experience in solving complex business problems. It expands your professional network, opening up new job opportunities.
You can choose Amity Online as your educational guide. The Amity MBA application process is simple and easy. Find out more about Amity MBA entrance requirements on the website.
