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 those that fall into the ‘total makeover’ category. They aspire to a clean start, a new professional venue, a complete change of company or sector. They want to move out and move on with their career and the best choice for them could be a well-known full time MBA programme with an active network of alumni in an international environment.
Once you’ve decided on an MBA programme you should look into the background of its faculty. Good-quality education depends primarily on the calibre of the university’s faculty members. Most top business schools boast a ‘team’ of world-renowned professors with diverse interests and expertise. Their faculty is very much a part of the real-life business world and will bring a range of important and useful topics to the classroom – from accounting to strategic management. The easiest way find out if a school’s faculty meets your expectations is by visiting its websites – all universities have detailed profiles of their permanent or visiting staff. Full-time programmes might have faculty members well known for their research in a particular area of expertise, while part-time programmes might have visiting professors who are pro-active business leaders in a particular sector.
Furthermore, schools create their own structures that combine management theory and business practice. The Manchester Business School, for example, has developed the Manchester Method, a learning structure that produces positive results and has pushed MBS up in the rankings.
Networking and alumni
A good business school should provide you with access to a network of MBA students, alumni, faculty, and business and community leaders, which can be very useful when beginning a job search, developing a career path, building business relationships in your current career or pursuing expertise outside your current field. Quality business universities pride themselves on their high graduate placement rates. A careful study of career placement activity is therefore essential, especially where some business schools have higher success rates at placing their graduates in certain regions or companies than others. A candidate who wants to work in Europe post-MBA, for example, might think twice before applying to a school in the USA. It may also be a good idea to check out what career assistance the university offers – if it focuses on honing your management skills; if it introduces you to recruiters for big companies or provides you with detailed information about salary expectations in certain sectors.
Talking to alumni is always helpful. An international alumni network is critical if you are a global mover and shaker, but a nationally-based network could be just as critical to someone who is forging a career in a defined market. By talking with graduates before you apply, you are in a better position to know which type of network will suit you. You can also judge the quality of a business school by the profile of its graduates – their career tracks and their professional growth. Be ‘on the alert’ if you are not satisfied with the university’s alumni profile (also available on the school’s website).
2020 MBA Research Guide - Choose your MBA
F1GMAT's Comprehensive MBA Research Guide will teach you how to select MBA programs through a bottom-up approach.
Articulating your Post-MBA Goals and Career Path is the FIRST step. Which program will give you that hike in Salary, Switch in Career, Change in Location or Job Satisfaction?
We cover them all through our extensive analysis.
+ How to Choose the Best MBA Program: Factors to Consider
Define Post-MBA Goals
Pick your Path: Generalize or Specialize
Use Moral Algebra Method
Use Multi-Attribute Utility Theory
Understand the Top 5 Risks
Measure MBA Career Service Team's Effectiveness
Use Bookending to Calculate MBA Admission Chance
Use Net Present Value to Calculate MBA Return on Investment
Don't Fall for the Mere Exposure Effect
Best Practices to find the truth in MBA Information Session or MBA Tour
Comprehensive MBA Research Guide: Includes Top MBA Programs by 19 Specializations:
+ General Management
+ Operations Management
+ Supply Chain Management
+ Luxury Management
+ Information Systems
+ Hospitality Management
+ Leadership Development
+ Military &
+ Top MBA Program Ranking
Top 20 MBA Programs - Tuition Fee
Top 31 MBA Programs in United States – Total Cost & Salary
Top 60 MBA – GMAT and GPA (Average & Median)
Top 20 European MBA Programs - Tuition Fee, Total Cost & Salary
Top 20 European MBA Programs (Based on Actual Salary Increase)
Top 20 European MBA Programs (Short-term return on investment)
Top 20 Affordable European MBA Programs
Top 10 MBA in UK – Salary & Fee
Top MBA Destinations Based on Happiness Index
Top MBA Destinations based on Innovation Index
Top 10 MBA Job Markets based on Cost of living and Purchasing Power
Top MBA Destination: By Economy
+Comparisons - Top MBA Programs
Wharton vs. Columbia MBA
MIT vs. Stanford MBA
Haas vs. Ross MBA
Kellogg vs Ross MBA
Booth vs Wharton MBA
MIT Sloan vs Tuck MBA
IMD vs. INSEAD MBA
IIMA vs. ISB
+ MBA in France (2018)
Top Industries in France
Top MBA Programs in France
+ MBA in the UK (2018)
Top Industries in the UK
Top MBA Programs in the UK
Scholarships in the UK
- IoT and IIOT
- Management Consulting
- Post-MBA industries (German Top Schools)