As for going to admission consultants, there are three situations when you should think of them:
1. You cannot spend time researching schools and their requirements. You need information right now.
2. You apply to 3+ schools in one round.
3. You need a good advice about your essays.
1. Essays
Start: ASAP
Finish: three weeks before deadline
Think about essays as soon as you decide to do an MBA. Read books, watch news, work – always thinking about your essays. Write down ideas.
Extreme schedule: finish your essays three days before deadline, give yourself a break and then one day before the deadline reread and correct them (not recommended).
Normal schedule: finish the drafts as least three weeks before the deadline and give them to someone to reread. Better it be two persons: a former (or current) MBA and a person, who knows your current affairs very well (a close friend, a beloved one, a parent). The first one can say in what way you should rewrite the essays to sell better, the second – what you have forgotten to mention about yourself.
2. GMAT
Start: ASAP
Finish: 2 months before deadline
Schedule as early as you can. Otherwise you may be prepared but there will be no seats.
Extreme schedule: Pass at least a month before deadline. Prepare for at least for two weeks. You should obtain GMAT literature beforehand. You’ll have to take a two-three week holiday at work and make yourself a crash-course on GMAT. You’ll have to be successful the very first time (not recommended).
Normal schedule: Pass at least two months before deadline, so that you will have time to redo it. Prepare for at least for two months.
3. Language test
Start: ASAP
Finish: 2 months before deadline
If you pass computer-based TOEFL, do it immediately after GMAT.
If you pass a paper test like IELTS, you’ll have to schedule it a month beforehand and wait for results 1,5 months after it.
Important note: make a copy of all your score reports and send them to schools with transcripts. Your official results arrive separately, but you don’t want to worry whether they arrive late and you’ll know about it one day before the decision due.
4. Transcript
Start: three months before deadline
Finish: 2 weeks before deadline
Ask for it as soon as possible. Your university may not make transcripts (Russian universities don’t, for example), so you’ll have to take care of it yourself.
5. Letters of recommendation
Start: two months before deadline
Finish: three days before deadline
Ask your future recommenders at least two months before the deadline. Find out whether they’ll have any business or holiday trips at that time.
You should provide a draft for them at least a month before the deadline.
If you write the whole recommendation yourself, give them at least a week before the deadline to read and correct it.
If they have to print recommendations, sign and give back to you, make sure, you know how to mend the broken printers. Don’t forget to buy envelopes.
If you have online recommendations, offer your recommenders help in submitting it. They may not be accustomed to the interface.
Thank them afterwards.
6. CV
Finish: a week before deadline
I must be ready at least a week before the deadline. This is one of the easiest things to do. You can even start with it: put a tick in your list and feel that part of the task is accomplished. If you’re not sure it is good: send it for some good vacancy – if they reply, you know it is good.
7. Application
Start: two weeks before deadline
Finish: a day before deadline
You’ll need at least a week to make an application. Many schools (including LBS) ask for additional mini-essays in the application form – this may come as an unpleasant surprise. And you’d better spend a day on familiarizing with the interface of the application. And better submit it a day or two before the deadline.
8. Send written application
Finish: two days before deadline
If you send on a holiday (or weekend) DHL will charge you 10 dollars more. So better send on weekday. I’ve heard that in US there is such thing as ‘University express’, e.g. you send documents to universities they take a half of their normal charge. Alas, no such thing in Russia.
Once, when my mother’s friend was waiting for a baby – tired of 8 months of nausea, immobility and all other things that accompany this happy process – she said: ‘Oh, how good it will soon be all over!’. And my mother, who already had me by that time, replied: ‘No, dear, IT is just the beginning’.
The application process is also just the beginning :)
Good luck!