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MBA Career


MBA Career Plan Three Step ProcessWhen Business School & MBA research start, aspirants will analyze the curriculum, and evaluate the effectiveness of the program to fulfill their post-MBA goals. Customizing the learning experience through electives, and experiential learning often happens during the second half of the program. With $80,000 to $120,000 investment in an MBA every year, it is important to understand how much control the student has in customizing the curriculum.

Initial Plan

Before writing about post-BA goals, aspirants should evaluate their skills in an unbiased manner. After that, a career plan is developed aligning the aspirant’s personality traits & future contribution with post-MBA goals. Once aspirants have a clear career path they should evaluate the curriculum, and look closely at the course structure. Most MBA programs will offer the Foundational courses in management during the first 6-months....


MBA Scholarship TypesAn MBA scholarship requires candidates to start preparing early and to prove in the application they are serious about their career prospects and future. A prestigious scholarship not only helps you to sustain yourself during your studies; it represents an important testimony to your ambition, dedication and progress in academia and business. Including it on your CV is highly beneficial in presenting yourself to potential employers and partners.

MBA Scholarships can be full or partial.
A full scholarship covers the whole university tuition fee but not usually the living expenses. A partial scholarship is usually easier to obtain, but some requirements must nevertheless be fulfilled. This may mean that the student has to show progress, a good grade point average, etc.  Extending scholarships for the second or third year (in the case of part-time MBA students) is also conditional in most cases. It is possible to receive a deferred scholarship for the second year of study, again on the basis of good academic performance.

Merit vs Need Based: Some scholarships are based on the merits of the candidates...


Location is a factor: A university may have top-notch facilities and highly renowned academic staff and still be the wrong choice for you. Research shows that location is a prime factor when it comes down to picking a business school. Make sure that you are comfortable with the geographic area in which the university is located. For example, if you are bound by family or otherwise you may opt for a school that is closer to home. If, on the other hand, you are looking for an international and diverse milieu as well as new cultural experiences, an overseas MBA may be a good option.

The industry you want to work for may also determine your choice of university location. If finance and investments are your prime interests, then you’ll be advised to choose a university in one of the cities where the markets are based – New York, London, Frankfurt, Paris and Tokyo. It is important that you pick the geographic area that best fits your needs as you are likely to spend longer than two years there – a large number of MBA graduates decide to stay and pursue their career within the area of their alma mater.

Format: If you have decided to cross ‘the point of no return’ and change your career completely or...


Your reasons for pursuing an MBA may differ – a change of professional venue, gaining an advantage in a rather tough market, a bigger salary or a better job placement. Yet, before you get down to filling out those applications, there is one important question that you should ask yourself. What qualifications do you want to acquire? Making a realistic and a clear-sighted assessment of the professional skills that you want to develop or improve will help you gain a clearer vision of your future career track.

The majority of MBA candidates have 5 to 10 years of professional experience on their CV and career plans do come foremost when they get down to choosing a business school. Some, for example, are happy with their job but still want to add value to their services by moving up the career chain and a part-time MBA often proves to be the best route for them. Others have already reached a managerial level and are good at what they do, yet the fact that they can juggle tasks blindfolded has turned into a demotivating factor. They have lost interest in their job and they see a change of career functions as a way out of the impasse. For them, a local full time MBA with their company endorsement may be the best option. Finally, there are...


MBA Outside USMany students are opting to pursue their MBA abroad, sometimes traveling halfway around the world. Though programs outside of the United States may not prove the best option for each and every student, there are many reasons to consider this opportunity.

1. OPPORTUNITIES ABOUND

Going abroad for your MBA education does not require a sacrifice in quality. There are many top-ranked and highly selective business schools outside the United States.

London Business School in England, for example, focuses on international business. For this reason, they require that each applicant achieve fluency in English and at least one other language.
Acceptance to the International Institute for Management Development in Switzerland involves quite an arduous process. After 10 essays and submission of test scores, applicants are interviewed, asked to participate in a case study discussion, and then give a presentation. In the end, about 30 percent of applicants are offered admission.

The Canadian Queen's School of Business places...


Young MBA CandidatesTen years ago, the question on everyone’s mind was, “Am I too young?” Back then, the more experience the better…the older the better…

More recently, top schools such as Stanford and Harvard have stated that they are taking a closer look at younger candidates, and are even willing to admit candidates with no work experience. One reason behind this was that some candidates may be so successful two to three years out of school that they would not consider going back at that point. Thus, the schools would be missing an opportunity to admit some exceptional talent. Some applicants are just plain ready right out of college. A few have started and/or run a business in school, participated significantly in a family business, or gained applicable experiences via other avenues. They have focused goals, are personally mature, and are truly ready to take the plunge. Yes, some of these schools are opening their eyes more to less experienced candidates, but this does not mean that younger candidates overall have a better chance of success.

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lee MilliganF1GMAT: How do you go about finding the right MBA Program?  

Lee Milligan: The answer can be found in one word “research”.  You will be investing a huge amount in an MBA program; financially, time-wise and career-wise.  It is therefore vital for you to do as much personal research as possible to make the right choice for you.  In the MBA industry this is often know as the correct “fit”. 

1. Read all you can.  This includes brochures, websites,...

Categories : MBA Career

 

Few industries have avoided the fallout of the past two years and, though rebuilding, corporations that once were the MBA’s bastion for jobs are no longer as plentiful.

Looking closer, the private sector is not expanding available jobs. “Finance in particular has dropped off,” said Peter von Loesecke, CEO and Managing Director of the MBA Tour. “Industry itself has suffered and I think this information is getting back to students in the pipeline or coming to MBA Tour events.” The question of relevance of an MBA in today’s market has surfaced. Graduates are entering the workforce at the same rate and jobs are there. They’re not as plentiful as before, but within the MBA demographic the unemployment rate is relatively low compared to the rest of...