The MBA, or Masters in Business Administration degree, is probably the highest valued educational qualification on your resume. It can open up your path to a number of well established jobs and allow you to have an acute understanding of the market. Since MBA in finance programs are highly coveted, there are various questions that students face. Here are the answers to some of the most common ones:

What are my responsibilities as an applicant?

The intellectual quotient is a must for business administration. Since students from a variety of field and cultures come to seek this degree, their areas of expertise may not be on par. However, what needs to be strong is the will to seek knowledge. Oral and writing capabilities are also strengths to harness for MBA in finance programs.

Do three year UG degrees qualify for an MBA?
Most business colleges do accept any applicant who has completed their undergraduate degrees in a three-year course; however, this is subject to case by case basis, so it is better to clarify with the particular college you are applying at.

What is necessary for making a reapplication?
Since candidates are allowed to apply only once per term, it is necessary that when reapplying you present better test scores than before. This is the primary driving factor for any reapplicant. Alongside this, better recommendation and refining the goals of your career are also good ways to get through.

What are the usual scholarship ranges in this field?
Since there are a variety of scholarships available, many of them being institution-specific, it is hard to state a concrete range. However, the usual range is somewhere between $7,000 and $30,000. In some cases, even higher scholarship grants are provided.

Credit transfer
While some institutions do accept a transfer of credits from other schools, many of them don’t. If the particular institution you are applying at does not accept credit transfers, they are most likely to assign you with elective courses on those subjects rather than the core courses.

Foreign recommendations
Since transcripts or letters of recommendations from foreign institutions may not be in English, they will need to be translated by any official agency followed by a notarization process. Most institutions do not accept recommendations translated by individual translators, so make sure to follow the due process here.