I will be applying for graduate schemes but have been practicing largely with more qualified candidates and benchmarking myself against them. Are there things that are expected of an MBA candidate but not entry-level graduate schemes? If so, what are they?
What are the different expectations for graduate vs. MBA candidates?
A couple differences:
- An MBA applicant will be expected to have better business acumen/terminology, and so are also more likely to get cases with more advanced concepts (e.g. NPV/IRR). On the other hand, a History undergraduate applying to MBB would not be expected to know this.
- MBA applicants will have previous work experience and will also be expected to interact with more senior clients once joining the firm, so will be expected to show a greater level of maturity and leadership/team experiences.
It is supposed that the MBA candidates should demonstrate more maturity and business sense and thus the process should be tougher.
However, the recruiting process in the top MBA schools is much easier (30% of people who get the offers have 3 MBB offers, 50% have 2) and most of them do not spend too much time on preparation. 2nd tier MBAs have a more competitive situation and it's a way harder to get an offer.
Suprisingly I often found that graduate candidate are performing better during the case study than MBA candidate. To me, the main reason is that case study remain a very formal exercise where graduate are better trained (for example they are better at maths..).
Eventually the expectation for MBAs are adapted with more focus on maturity, structure and judgement. The key moments are to demonstrate this skills
- Clarification questions
- initial approach
Hope this helps