Boosting your Career with an MBA: The MBA is a gateway even during a gritty recession when the bursting of the mortgage bubble and the bank collapse in the US, for example, tipped the scale of the work/life balance. In the business world, obtaining an MBA degree still gives you a chance to move to a higher job position as you acquire a different level of management skills.
Prospective MBA students have indeed been knocking on the doors of international business schools, continuing a trend that started in 2008. The pay-off has been quite tangible.“Recent MBA participants have gone on to work for over 300 companies in more than 60 countries,” says Jake Cohen, Dean of the MBA programme at INSEAD, while 10% of the students at IE Business School (ranked 3rd in Europe and 8th worldwide by the Financial Times) start a new venture after graduation.
“I personally decided to go to IE Business School because it was always a dream of mine to found my own company, and as IE has a very strong focus on entrepreneurship, it was the ideal choice for me,” says 2007 MBA graduate Bernard Niener.
Having a clear idea about how you are going to use your MBA to advance your career is crucial. Not all MBA graduates are as forward-thinking as Niener. Yet if you want to avoid a struggle to find a job in a shrinking market, you should draw up an action plan. Here are some tips to help you speed up your professional launch.
Broaden your knowledge, sharpen your skills: Honing your skills, identifying your weaknesses and overcoming them is the way to achieve the goals you set for yourself (a higher salary, a change of job, a leap up the hierarchical ladder, etc.). One of the best things about an MBA is that you can tailor your coursework as a choice of optional subjects allows you to focus on those that interest you most or that can be most useful to you on the job market.
Top graduate schools have impressive facultative programmes that practically cover all areas, ranging from accounting, economics and entrepreneurship to languages, marketing and strategic and international management. So if you want to put an entrepreneurial spin on your MBA, you may take classes in new creative ventures, for instance, or optional business management classes.
Talk to people in the same boat: Your peers and your university’s alumni network can be a valuable source of information. High-ranking universities pride themselves on their job placement
record (over 1,500 companies posted full-time job offers for IE Business School MBA students in 2008-2009). You can trust their alumni to give you advice.
They can help you identify the job that best suits your skills and aspirations and advise you on where it is best to cast your net, i.e. which companies are recruiting. Some of your peers can do the same, as a large proportion of MBA students have substantial work experience and see their degree as a means to advance in the workplace and not as a fresh start
Make full use of your alma mater’s
Career services: Graduate schools have a vested interest in their students’ professional growth and their key mission is to put their MBA graduates in management positions. Most of them offer comprehensive career services for free. Hult International Business School, for example, boasts lifetime career management courses that ensure each student’s job search is both efficient and strategic. The university provides exposure to industries, companies and professionals relevant to post-MBA career objectives. The lifetime career management programme includes a series of workshops (CV and covering letter writing, job search strategies, salary negotiations) and one-to-one sessions to give students the basic tools to begin their job search.
Cast a wide net: Campus interviews with recruiters are a good starting point, but it is advisable to do a bit of research yourself and apply to a number of companies after you’ve done your homework and have carefully selected them (scanning through your university’s career database will give you information on potential employers’ profiles and provide you with company rankings). Following industry blogs and news on the latest business trends can also give you an idea of the best place to apply.
Set realistic goals: Be ambitious but not over-confident. Remember that you are a newcomer. Your MBA is a lifelong passport for career growth and the pay-off will come in due time. When negotiating your salary, do not aim for the highest figures. Remember that your new employer is ready to invest in you and give you the opportunity to move up the corporate ladder. You shouldn’t expect to start straight from the top. Be prepared instead to show commitment to enhancing your skills and becoming an asset to the company (your salary will increase proportionally).
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)