Why do Prominent Business Schools Ask for Prior Work Experience?

Why do Top B-schools accept students with prior experience?

Apart from the candidates, many business schools also benefit from candidates having prior work experience. While graduates having work experience gain a competitive edge over other applicants, business schools also benefit by enrolling qualified candidates.

• An MBA graduate having prior work experience is more likely to get a chance to directly apply for senior-level positions after graduation which contributes to the placement statistics of the institute.
• Working in a corporate environment, allows the candidates to learn many crucial skills such as decision-making, problem-solving, managerial skills, and time management.
• Business schools may also benefit from having qualified students with work experience due to their knowledge.
• Working in a corporation is one of the best ways to network. It will allow the candidates to make the best use of these connections to land their dream job.

Benefits of having prior work experience

Candidates also benefit from having prior work experience. Students gain various practical skills that are highly desired by employers due to their real-life work experience. Listed below are some of the benefits of having prior work experience before an MBA:

• Experienced candidates can directly apply for senior-level job roles and earn handsome salary packages.
• Students having relevant experience and practical knowledge will be able to apply theoretical concepts learned in lectures.
• Students can save the money to pay for the tuition fees.
• Having some work experience also helps the candidates in deciding the area of study and job profile to apply for.

Read further: For further information on MBA, students can read the articles mentioned below:

• Is an MBA Essential to Succeed in Business?
• MCom vs MBA
• CFA Vs MBA

Conclusion

Many candidates may have this question in their minds, “is prior work experience a necessary criterion for an MBA?”, the answer is no. When discussing an MBA, work experience does play a crucial role, however, many B-schools do not require work experience. That does not mean that it is an ideal approach. One cannot deny the fact that prior work experience plays a significant role in management education.