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What I have realized by doing extensive research on the B-schools are these few things -
An Ideal Profile for the Top 20 B-schools of the country across all rankings are -
10th - 80%+
12th - 80%+
UG - 80%+ (Preferably in a NON-ENGG course and if it's from an elite institute then it's a major advantage)
Work experience - 2 years from a good reputed company
Gender - Female gets diversity points of around 5 percent weight.
Co & Extra Curricular - You need to have some extraordinary achievements here which your leadership and managerial acumen
Also, there should not be a gap of more than 2 years.
Lastly, an MBA is not worth it if you don't do it from the TOP 20 institutes as these institutes only have the capability of placing you in a job that pays around what you invest in 2 years which is upwards of 25 lacs at least in the CTC term.
I realized that given my profile and the aptitude I have, I wouldn't land in a Top 20 B-school anytime soon so I left the MBA space altogether.
Then of course, if you’re a female, no need to worry about preparation, I’ve seen general girls convert Ahmedabad even at 98%ile due to XX chromosome criteria.