Hi Vaishnavi3,
I want to echo some of the advice you've received so far and encourage you to get 2-5 years of work experience before you apply to business school.
Other things you can do to strengthen your candidacy between now and when you plan to apply is:
1) Make sure you have taken (while in college or after college) the following courses and earned a B+ or better in each: Calculus, Microeconomics, Accounting, Finance, Statistics (As a business major, you've probably taken many/most of these classes).
2) Continue to participate in leadership and community service activities, quantify the results of your efforts, and stay in touch with the supervisors there in case you want to use one of them for a letter of recommendation.
3) Sign up for the prospective student/admissions office newsletters of your top 4-10 schools so that you know when they are coming to your area of the world and you can attend the admissions events. They also offer webinars fairly frequently that are helpful.
4) Consider joining Forte's MBA Launch program. I'm one of the teachers there and love the women in the program. It looks like you'd have to be willing to go to London, though. More info:
https://www.fortefoundation.org
5) Give yourself enough time to take the GMAT three times before you submit your first application.
That's what I have for now. Best of luck with your applications and come visit me and my team at The Art of Applying if you'd like to learn more about working with us!
Kaneisha
Harvard Business School MBA 2010, Harvard Kennedy School MPA 2010
Founder, The Art of Applying
Admissions Consulting for MBA, MPP, Joint Degrees, and Fellowships
https://theartofapplying.com
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