Good to see a thread of this kind...
I have been doing some research for quite some time now,
what I have identified are the following:
In order to get admission in a good B school, one should target
GMAT Score:700+
Work Ex: 24-36 Month + (ideal 60 month)
Good Acads;
Social Activities / Community Service;
Leadership Qualities;
Extra curricular activities ... etc...
In order to generalize Universities select on 3 major sections , you must be competent enough, however there is always a trade of among these section. Just to break the ice... sections are
GMAT Score -----------33%
Acads -------------33%- Your Acads from matriculation to your undergraduate / graduate levels . Acads should be Consistent / should have upward trend.
Extra Currics / Work Experience ----------33%- Work experience - leading a team , having diversified profile always has a great advantage, then a person just Coding in S/W Field (no hard feeling towards S/w Industry, but its a fact Universities get loads of application from this industry, more over i belong to this industry)
- Any leadership activity : in the team , at any level
- Organizing event / winning competitions / playing sports...etc.
- Dedicating time towards hobbies and achieving some milestone out of it.
- Social activity / Community Service is considered as very important aspect in the selection process; associate yourself in developing people / community around you.
As mentioned earlier this is a generalized distribution; universities have there own split towards the selection.