Although Middle East is not known for its MBA program, the economic recovery from 2008’s financial meltdown has led many MBA Aspirants to think about the region for Post-MBA opportunities.
Engineers with keen interest in Technology and its management often confuse MBA in Information Management with MBA in Technology Management. Some Business Schools offer MBA in Information Technology, which is normally an intersection between the two. Before you start researching about top MBA Programs in IT, understand the different career paths that you can take from the same course.
Here are some of the common areas of responsibilities
Simulations require collaboration with team members and teach students to think for the team and effectively communicate with each other. The Games can be broadly categorized based on the learning function – Communication, Finance, Sustainability, Leadership & Teamwork, Marketing, Strategy, Supply Chain, Change Management, Venture Capital, Entrepreneurship, Economics and Pricing, and Statistics.
Here are some of the Best Simulation games used in top Business Schools.
Experiential Learning is given added emphasis at Cornell University's Johnson School to the extent that it is known under a different name altogether - Performance Learning. Not only are students given opportunities for real life Business experiences, they must also perform, delivering results in these circumstances.
China's economy has been on an unsurpassed upward path, growing by 10% over the last decade. From $3.4 trillion in 2007, it has more than tripled in 4 years, generating $11.4 trillion in 2011. According to some estimates, Chinese Economy is on its way to overtake USA’s Economy by 2015. China is the world’s #1 exporter, tallying $1.9 trillion in 2011.
Tuck is located in New Hampshire, USA and offers a top-class MBA program. Tuck MBAs received a median salary of $115,000. The lowest salary was $65,000 and the highest was at $169,000.
A detailed analysis reveals the range of sectors and functions on offer for Tuck MBA graduates.
Employment by Sector
Consulting
Consulting rules the roost at Tuck accounting for a large 36% of the graduates. Salaries ranged from $130,000 to $90,000, with a median salary of $140,000 This was well above the next best median salary of $110,000 for the Technology and the Healthcare, Pharmaceuticals & Biotech sectors.
Financial Services
Financial Services hired 22% of the class, with a median salary of $100,000. The lowest salary was $90,000, while the highest salary was $169,000, the top among all sectors. Within Financial Services, Investment Banking dominated with 10% of the class, for a median salary of $100,000. Investment Management and Private Equity & Venture Capital both had 4% each, the former with a median salary of $110,000 and the latter with a high $125,000.
Consumer Goods & Retail
Sustainability has transformed from a buzzword to a Business strategy. Many companies have shown that sustainability can reap profits. Starbucks' Go Green initiative which includes buying only certified organic coffee, increasing temperature in stores from the typical 72°F to 75°F, buying cabinetry made from 90% post-industrial matter and implementing low-flow water valves has helped the company both increase business and reduce costs.
eBay allows people to buy used goods that would otherwise end up in the garbage dump. The eBay Classifieds helps buying and selling of items that are too bulky to ship within the local community, doing away with shipping and packaging costs. Google uses renewable energy for its power hungry data centers and invest substantially in promoting sustainable living and markets. The start-up world has also seen some innovative energy efficient startups like Invisenergy, a startup at MIT that uses windowpanes to generate electricity through solar power. The energy can fill nearly 10% of the total building’s energy demands.
Dec 22nd 2012: The school is closed for the holiday season and will reopen on Jan 6th 2013.
Round 2 Deadline is on 9 January 2013, 5:00 PM PST.
Dec 12th 2012: Students for first round of Class 2015 MBA were admitted.
To help MBA students, Stanford MBA AdCom has debunked myths about application and recommendation letter.
Recommended Resources
1) Stanford MBA Essay Guide
2) Stanford MBA Interview Guide
3) Stanford MBA Admission Blog
Duke Fuqua has been consistently ranked among the top 20 Business Schools in the US. It is located in North Carolina and offers a highly rated MBA. The Full-time MBA class of 2012 had a median salary of $110,000, ranging from $25,000 to $225,000.
Here's a close look at the various sectors and functions that Duke MBAs found employment.
Employment by Sector
Consulting
The Consultancy industry hired more MBAs than any other sector, with the highest median salary of $1,30,000 matched only by nonrenewable sources in the Energy/Utilities sector. The highest salary was $2,00,000, matched only by Financial Services. The median Sign-on Bonus was $25,000.
Financial Services
The Financial Services sector was the 2nd most popular sector, with as much as 23% of the class being hired by the sector, with a mean salary of $1,00,000. The Asset Management and Private Equity sectors had very low hiring rate. Other financial services dominated and registered the highest salary of the class at $218,000. Financial Services also had the highest sign-on bonus of $40,000. The sector though had the second lowest salary of $36,000, only higher than Real Estate's lowest.
Technology Services
MIT Sloan School of Management has just launched the business video game simulation - Platform Wars: Simulating the Battle for Video Game Supremacy. In this live, web-based simulation, students get into the shoes of a Senior Manager at a video game company such as Sony.
Students who wish to graduate in Social Entrepreneurship now have a new option – A Dual Degree from the Boston College’s (BC) Carroll School of Management and Tuft University’s Department of Urban and Environmental Policy and Planning (UEP).
While each degree on its own takes 2 years or 4 years in total, the Dual Degree takes just 3 years to complete. By the end of the program, students will have a Master of Arts degree from UEP, and a Master of Business Administration from the Carroll School of Management.
The program teaches environmental planning and policy with business management principles, giving Dual Degree graduates an in depth perspective of both fields. Students can then choose a career in either of the fields, or ideally, use their cross-disciplinary education to forge a career that touches both areas. Social Entrepreneurship and Public Policy formulation & analysis, are two fast developing areas with immense potential. In fact, a major motivation for this program is the increasing interest in the field of social entrepreneurship.
MIT Sloan’s offers arguably the world’s 2nd best entrepreneur ecosystem after Stanford’s GSB. And just as GSB benefits from the Stanford University’s environment, the Sloan gains from being next door to MIT.
MIT nurtures 200+ companies every year. Students, alumni and faculty have founded 25,000+ firms that employ 3.3 million people. They include HP, Intel and Bose. Recent ventures include A123 Systems, Dropbox and Zipcar. The impact of entrepreneurs from this environment is said to be almost $2 trillion a year in revenues. MIT fosters cross-school collaboration with a wide range of courses, a varied class profile and team projects, all supported by some of the best infrastructure and support systems in the world.
Martin Trust Center for MIT Entrepreneurship
The Martin Trust Center for MIT Entrepreneurship was founded in 1958 and is one of 12 entrepreneurship centers. It provides immense support for budding entrepreneurs. Besides research support by faculty, here are some of the center’s features.
Entrepreneurs in Residence
Gender pay gap is a reality among Women employees; they are especially predominant among Women MBAs with the income gaps ranging between $10000 and $11,000. Although measures are being taken to represent more Women in an MBA class, the number of GMAT test takers would give us hints on whether the supply meets the demand.
According to the latest GMAT Volume data by Gender, the number of Women GMAT test takers has increased consistently with an average annual growth rate of 4.3% reaching 122843 during 2011-12. A positive trend seen in the report is that from 2008-09 to 2011-12, the gap between the number of women and men GMAT test takers have fallen by 15000.
Another interesting trend seen in the report is the shortening of gap in Mean GMAT Score between men and women from 41 points in 2002-03 to 21 during 2011-12.
Students in Australia have a wide range of options when it comes to financing their MBA. While nearly every bank offers a student loan of some sort, the Australian government provides the best interest free loans with flexible repayment options.
Government Loans
FEE-HELP
FEE-HELP (Higher Education Loan Program) is an Australian Government scheme that helps students finance their education. Only tuition fees are covered under this scheme and there is no conventional interest as such. Accommodation, travel and study material are not covered.
Eligibility
1. The university should be an approved FEE-HELP provider
2. Australian citizen or permanent humanitarian visa holder or permanent resident or a permanent visa holder
3. Meet the tax file number (TFN) requirements. If TFN is not available, a Certificate of application for a TFN in necessary
FEE-HELP loan limits: $93,204
• This limit is a lifetime limit. It cannot be altered by any repayments made
• Previous study or other debts does not affect the limit
To apply
1. Request for FEE-HELP assistance form from the university
The United States Department of Education offers student loans for graduate studies including the MBA. These loans are offered at lower interest rates, with ?exible repayment terms that include repayment starting after graduation and deferred payments. Loans are awarded in conjunction with the Business School, and payment is made directly to the institution, usually in 2 installments per year. All loan funds must be used only for education expenses. Every Year, the entire Federal Student Aid program disburses more than $150 billion in grants, loans, and work-study funds. Students must complete the Federal Financial Aid (FAFSA) form to determine if they are eligible.
Earlier, subsidized loans at less than 4% interest were available, with the government paying the interest until the repayment period. In August 20111, the US Congress signed The Budget Control Act of 2011, which states that graduate studies cannot be subsidized from July 1st 2012 onwards.
Points to note while applying for federal aid:
Joe LiPuma, Director of EMLYON Business School’s International MBA programme shares how EMLYON’s 1- Year International MBA program has helped budding entrepreneurs develop ideas, do feasibility analyses, create business plans, and present them to investors around the world.
Also included EMLYON's Entrepreneurial Eco-system.
F1GMAT: Aston Full-time MBA Program’s Mindful Global Manager module looks interesting. Can you tell us a little bit more about it?
Dr Brigitte Nicoulaud (Aston MBA): Of course, our Mindful Global Manager (MGM) is the personal development component of the Aston MBA.
It has been created by the renowned business psychologist, Dr Uwe Napiersky (PhD), to help globally-minded leaders develop:
• self-awareness
• critical thinking
• intercultural skills
By the end of the module, Aston MBA Candidates will have learned to >>
Although the 2008-09 financial crises led to a big hit on Finance and Banking jobs, the job market made a comeback in 2012 with the salary and offer trends matching the 2007-08 market conditions. India, one of the fastest growing economies even during the economic crisis led the way. We analyzed the job offers and salary trends in two premier Business Schools in India – IIM Ahmedabad and Indian School of Business. Here are the top 7 trends:
1) Bullish Job Market
The 2012 GMAC report on India’s job trends reveals a huge demand for quality personnel. MBAs and ‘Experienced industry hires’ top the wish list of potential 2012 recruiters with 88% of the companies’ surveyed planning to hire from these two categories. At the same time, just 79% of the global respondents’ indicated a desire to hire MBAs in 2012. This demand is reflected in the fact that above 25% of IIMA’s PGP class of 2012 received offers even before the placement process started.
2) Jobs Available = Student Aspirations?
The United Kingdom is the sixth largest economy in the world. London is the capital, with the largest city GDP in European Union. It is also known as the world's largest financial center along with New York. Unlike other European countries where knowledge of local language is necessary for post-MBA job opportunities, with English, International MBA students can leverage the knowledge of the language for job search and networking.
Read More about Top MBA in UK - Part 1
Ireland has historically been rich in culture and innovation, ranging from author Oscar Wilde to Nobel Laureate Ernest Walton. MBA students can choose from some of the world’s oldest educational institutions, and benefit from a long tradition of academic excellence. Find out the Best MBA Programs in Ireland.
New York is the cultural and financial capital of the world. It is the largest city in the United States. According to the US Census Bureau 2010 statistics, there are 519,504 private businesses providing employment to over 7 million people. Over 35% of New York residents are foreign born and they speak over 200 languages. It is also home to Wall Street and some of the leading businesses in the world.
An MBA from New York offers unmatched industry exposure and vast networking opportunities. Students learn to work with individuals from diverse, multicultural backgrounds. We have picked some of the best business schools in New York.
Columbia Business School (CBS)
F1GMAT: Mannheim Full-time MBA’s One-Program 5-tracks look interesting. Tell us a little bit more about this.
SDA Bocconi Career Development Service (CDS) performs a key role in supporting MBA participants in their career search. CDS activities help students to both gain a greater understanding of the market, their professional goals and their individual "selling proposition", and to create effective contacts with the business community and the world of MBA recruiters. Learn more about SDA Bocconi MBA Program.
SDA Bocconi has introduced three major changes for all the Full-time MBA classes starting from Sep 2012.
First major change is a new course structure. From this year onwards, the Full-time MBA will have Four Sequences:
Planning and Innovating: The first sequence is designed to develop skills to manage global competition. Students should learn to plan according to current capabilities and resources, while keeping in mind potential competition and future innovation.
Controlling and Investing: The second sequence provides students with tools to perform quantitative analysis to manage performance of investments and obtain funds for Businesses.
Leading People and Processes: Managing human resources and deadlines is crucial for successfully implementing any projects. The third sequence provides students with the framework to define projects based on people and processes.
Soft Skills and Values: Often ignored aspect of skill development is soft skills. SDA Bocconi with this final sequence has designed the curriculum to include exercises and courses to develop skills in communication, project management and team management. The financial crisis of 2008 was due to lack of Business ethics. This concentration has a section for Business ethics that will educate students about conducting Business in an ethical and fair manner.
The Four Sequences will take students to all the four concentrations: Innovation, Marketing, Finance, and the Luxury track.
F1GMAT's Winning MBA Essay guide will teach you how to transform your essay into a life journey with trials and tribulations that will move the admission team.
+ Over 245 Sample Essays (Read Previews of F1GMAT's Winning MBA Essay Guide Sample Essays here)
F1GMAT's Essay Guides
Harvard MBA Essay Guide (20 Sample Essays)
Example #1: Persistence Narrative
Background Information: The applicant – a design and music talent, shares her journey through several setbacks. She attributes curiosity to her growth.
Curiosity: Philosophy
Curiosity (Explained): Curiosity as a philosophy is tough to translate into a narrative unless you are from the creative industry or your contributions had an influence on a solution or an initiative.
MBA Essay Strategy: I wanted to capture the humanity of the applicant and her influence in music instead of just highlighting how she overcame multiple roadblocks to gain attention as a designer.
Theme: Persistence
Read: Harvard MBA Curiosity Essay – Life Starts at NO (Growth-Oriented HBS MBA Essay Example)
Example #2: International Community Building
Background Information: The applicant, a Machine Learning (ML) entrepreneur specializing in healthcare diagnostics, shares how his curiosity to learn other ML algorithms’ evolution in diagnosing Alzheimer’s, cancer, and heart disease transformed his platform into a global community.
MBA Essay Strategy: I wanted to show the applicant’s contributions in diagnostic from 2020 to 2024 by citing two events. Such examples build credibility instead of engagements that were recent. The evolution of the platform from an AI development community to a community for discussing the application of AI in diagnostics is captured through a ‘curiosity’ angle.
Read: Harvard MBA Curiosity Essay – Growth through Collaboration (AI in Healthcare) (Growth-Oriented HBS MBA Essay Example)
Example #3: Culture
Background Information: The applicant, an Entrepreneur from India narrates his first entrepreneurial experience – facilitating exchange of stamps in the late 1990s.
Theme: Culture
MBA Essay Strategy: Instead of addressing the biases in the investor community that could turn preachy, I wanted to focus on the applicant and his entrepreneurial journey by citing two entrepreneurial experiences – a platform(club) for stamp collection and his Grocery delivery App.
Read: Harvard MBA Curiosity Essay – The American Dream (Growth-Oriented HBS MBA Essay Example)
Example #4: Addiction
Background Information: The applicant – a beneficiary of the foster home system, captures the sacrifice his adopted grandparents made to save him from a path of addiction. Paying it back through early intervention among teenagers and community engagement is the curiosity narrative.
Theme: Addiction
MBA Essay Strategy: My strategy is to capture a gratitude narrative in the first one-third of the essay to demonstrate motivation for starting the venture and dedicate the latter part of the essay to the unique solution
Read: Harvard MBA Curiosity Essay – Drug Addiction and Gaming (Growth-Oriented HBS MBA Essay Example)
Example #5: Scarcity
Background Information: The applicant, an education major, recognizes that 70% of all students in Kenya don’t have a computer. The curiosity that drives him to pivot from one solution to another is the growth narrative.
Theme: Innovation
MBA Essay Strategy: Often, innovation is captured with a ‘hero’ narrative where the applicant is the sole originator of an idea. I wanted to break that cliché and include a person from whom the applicant learned to use a concept called ‘scaffolding.’
Read: Harvard MBA Curiosity Essay – Scarcity (Growth-Oriented HBS Essay Example)
Example #6: FinTech
Background Information: The applicant captures a vulnerable moment of a beneficiary to compare his journey of side hustle before a technology giant noticed his talent. Although cryptocurrency is not a flavor for the year, capture niches where innovation is still happening.
Theme: Education, Child Welfare
MBA Essay Strategy: Empathizing with a techno solution is tough without a strong backstory around the beneficiary. For the essay, I wanted to clearly establish the beneficiary – Rami, before the applicant narrates the similarities to his journey and finally shares the solution that emerged from his curiosity.
Read: Harvard MBA Curiosity Essay – FinTech as a Tool for Good (Growth-Oriented HBS MBA Essay Example)
Example #7: Learning from the best
Background Information: The applicant – a Remote Engineer in the Oil and Gas industry, reflects on a value that has helped her learn from the best regardless of her geographical limitations.
Theme: Learning
MBA Essay Strategy: The effectiveness of the case-study method depends on the assumption that peers in a Harvard MBA class will help elevate your learning experience. For the essay, I have highlighted the applicant’s recognition of this value proposition with three examples.
Read: Harvard MBA Curiosity Essay – Learning from the Best (Growth-Oriented HBS MBA Essay Example)
Example #8: Military & Search for IMPACT
Background Information: The most common narrative for US military applicants is to quote 9/11 and the reaction your immediate family had while watching the events unfold. The horrifying moment is captured as a motivation to join the Military. On digging deeper, most applicants would share that their motivations were diverse.
Theme: Career Choice
MBA Essay Strategy: I wanted to quickly highlight that the applicant had the choice of entering any industry. One achievement to demonstrate his curiosity that I shared in the first half is the invention of a game. Since the game is mentioned in the resume and verifiable through search, I didn’t quote the name. By clearly highlighting the person’s curiosity and career options, the family legacy is used as a factor in joining the military.
Read: Harvard MBA Curiosity Essay – Career Choice after a Military Career (Growth-Oriented HBS MBA Essay Example)
Leadership-Focused Essay: What experiences have shaped who you are, how you invest in others, and what kind of leader you want to become? (up to 250 words)
Example #9: Small Business Values
Background Information: The applicant - a second-generation Asian American, is familiar with the values of fiscal conservatism, building relationships, and understanding the daily struggles of the community through his family’s department store.
Theme: Customer-Centric
MBA Essay Strategy: The applicant’s role in developing an App for the store is highlighted in the essay at a crucial part of the narrative so that the essay is not all about his father. I have also humanized the journey – by sharing how upset the father was when the revenues fell by 40%. The essay is about the transformation in the applicant’s value from a person chasing productivity and optimization technique to someone who is truly thinking about the customers.
Read: Harvard MBA Leadership Essay – Small Business Values (Leadership-Focused HBS MBA Essay Example)
Example #10: Breaking Away from Family Business
Background Information: A unique challenge that applicants whose parents are public figures or CXOs of businesses or entrepreneurs are the pressure to live up to the parent’s standards or milestones. For the leadership narrative, the burden of legacy is established before the narrative addresses his leadership principles.
Theme: Authenticity
MBA Essay Strategy: For the essay, I want to capture an entrepreneur’s journey to rise above his entrepreneur father’s image. But I didn’t want to make the entire essay about this complex dynamics. The narrative is around the applicant’s focus on customers and surrounding with teams who keeps him grounded.
Read: Harvard MBA Leadership Essay – Breaking Away from Family Business(Leadership-Focused HBS MBA Essay Example)
Example #11: Creativity and Communication
Background Information: When the overall percentage of users with internet access is 62% in South Africa and the inequality accentuated by the rural and urban divide, the applicant endured the lack of digital infrastructure, and spending close to 22% of the family income on gaining relevant information on schools, global exams, and financial assistance.
Theme: Creativity, Communication
MBA Essay Strategy: The strategy is to share why the applicant values no distraction in a child’s home for optimum education experience. Then I highlight the many roadblocks the applicant’s non-profit faced in receiving fee waiver for their cooperative run ISP.
Read: Harvard MBA Leadership Essay – Non-Profit (Telecom) (Leadership-Focused HBS MBA Essay Example)
Example #12: Mental Health
Background Information: The applicant like most didn’t pay much attention to the mental health epidemic until tragedy hit home.
Theme: Communication, Innovation
MBA Essay Strategy: A question we frequently get from applicants is whether they should cite tragedy in the family as a motivation for a venture or a non-profit initiative. As long as you don’t linger too much on the tragedy and offer a balanced narrative, there are no restrictions on leveraging unique stories from your life.
Read: Harvard MBA Leadership Essay – Mental Health (Leadership-Focused HBS MBA Essay Example)
Example #13: Trauma, Healing & Finding Authentic Self
Background Information: The applicant narrates the absurdity of war in the narrative about the duties in Kabul, and the trauma. Instead of wallowing in on the horror, the applicant takes what makes military applicants strong and guides unprivileged children build life and leadership skills.
Theme: Resilience
MBA Essay Strategy: Capturing PTSD in an essay, the healing process, and the cues that helped the applicant are too sacred to be shared in a Harvard MBA application essay. However, with the right motivation and narrative arcs, you can capture the essence of your journey without sharing the darkest secrets. That is what I did by merging two stories – the horrors of the war with a non-profit engagement.
Read: Harvard MBA Leadership Essay – Military & PTSD (Leadership-Focused HBS MBA Essay Example)
Example #14: Addiction, Setback and Leadership Mantra
Background Information: In this narrative, the applicant captures Peru’s Silver mining boom of 2006. The growth experienced in her father’s business shifted the family’s economic status to a new stratosphere. Through the changing economic and family dynamics, the applicant finds her voice in a unique way, initially to record her unheard voice but later as one of the youngest subject matter experts in mining and commodities.
Theme: Failure
MBA Essay Strategy: For the essay, the strategy is to show how life’s unpredictability is a blessing. By narrating two setback events, the essay demonstrates the applicant’s resilience and her acknowledgment of people who made a comeback possible.
Read: Harvard MBA Leadership Essay – Addiction, Setback and Leadership Mantra (Leadership-Focused HBS MBA Essay Example)
Example #15: War, Immigration and Starting Over Again
Background Information: Despite a raging war in Syria, the family of the applicant was unblemished by the chaos. The strategic government assets near the applicant’s house would have made the region an easy target, but it was not. The calmness of her journey is shattered in one event. From the privileges of a cocooned life, the applicant is forced to think about survival, her sister’s future, and her future in the US. The second half of the narrative captures the change that was forced on her.
Theme: Gratitude, Resilience
MBA Essay Strategy: I consciously chose not to start the essay with a dialogue or trauma. Two lines are allocated to set up the narrative before the trauma event.
Read: Harvard MBA Leadership Essay – War, Immigration and Starting Over Again (Leadership-Focused HBS MBA Essay Example)
Harvard MBA Business-Minded Essay: Please reflect on how your experiences have influenced your career choices and aspirations and the impact you will have on the businesses, organizations, and communities you plan to serve. (up to 300 words)
Example #16: Creative or Finance
Background Information: The applicant starts the narrative with the origin of her talents. The unbridled enthusiasm receives a reality check when in high school, the applicant’s father has a conversation with her about academics. While the applicant picked up her quant skills, she was reaching over 50,000 loyal fans, and her videos captured 1 million views.
Theme: Passion, Talent
MBA Essay Strategy: Capturing vulnerability is the toughest part for Harvard MBA applicants. For this essay example, I have captured the applicant’s uncertainty about career choice throughout the essay. Here the goal is to show vulnerability in the career choice essay while for leadership and growth essay, I could capture one example each from creative and PE industry respectively to balance the narrative. So don’t follow this example without a strategy.
Read: Harvard MBA Business-Minded Essay – Creative or Finance (Business-Minded HBS MBA Essay Example)
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