With a wide range of entrance exams, essays and interviews, securing a place at a top business school has never been easy. With more would-be MBAs applying for the elite schools, it is getting harder still. Growing competition has lowered the average acceptance rate for the top-10 US MBAs ranked by the Financial Times to fewer than 15 per cent, down from 17 per cent five years ago.
It is of little surprise, then, that last year one-quarter of candidates turned to admissions consultants to give their application an edge, according to the Graduate Management Admission Council.
But do consultants really give applicants an advantage or is it better to save the money and seek advice elsewhere?
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