There is a touch of doom and gloom around MBA. at this stage. Last year only 116,000 Americans took the GMAT, the entrance examination for the factoring business schools. 160,000 ten years ago did. The days when a MBA. guaranteed a quick race with an eye fix wages to match the disappeared. Although fewer MBA.s hits labor market, a recent report shows that GMAC MBAs wages are not keeping pace with inflation.
mba, bussines,executive, administration, mbaonline, degree, study, university
I recently wrote a long article for The Economist shows that the American middle schools are in trouble: “In 2010, the average price charged by US institutions is ranked in the top 100, but outside the top 15, was $ 81,911 for two years ago, enrollment in the same cohort of schools was almost $ 22,000 $ 60,247-plus barata- while the average salary, $ 78,442, was slightly lower than today. “
Clear value proposition is changed. Does that mean so prospective students should abandon the idea of business education? I do not think. The MBA has been found to be a tough beast for the last hundred years. It is not the first time facing a crisis of confidence. In the 1950s, business schools to make fun of other departments at the university for not just being academic-professional skills. Then, a few decades later, they were criticized for being too academic and devoid of practical relevance to managers. After the Enron scandal in 2001, the corporate world being ridiculed and much of the blame was laid at the doors of the business schools, as it was a decade later when the credit crisis hit. But every hint of trouble, the MBA. It has been reinvented.
You’ll have to do it again. The two years full-time experience so valued by US universities, will be under pressure. Northwestern University’s Kellogg School has begun to reconsider the model. Asian students, of which depends the future growth MBA, is less likely to leave two years out of work, especially in comparison with the price of the option to go to Europe, where programs can be half the duration but a fraction of the cost and the students typically earn higher salaries when they graduate.
The only advice I have ever given to potential students is to aim as high as you dare, when applied to business school. In a world where a MBA. It is seen by some as a commodity, how to differentiate the market is to have the most prestigious degree possible. This need not be a full-time program. Part-time and distance learning MBA.s no longer seen as the poor conditions. But for those who are considering applying to business school, there are some standard considerations. I can offer 10 areas in particular need careful evaluation.
The core program of a program MBA. It is now considered by some a commodity. So what we are talking mainly here is access to specializations and electives. What areas have a special school capacity? Is elective courses are often oversubscribed, which means that you can lose? Have they change from year to year? The key is to be sure of what you want from your MBA. and ensure that the program will provide the skills you need.
It’s easy to be seduced by the idea of the star teachers. But what schools often do not mention is that, with guided tours, consulting projects, commitment to the media and the time spent on this project winning research of the Nobel Prize, you may never see them in the classroom. The important thing is that the faculty is not only considered, but they are also good and available. As with much of the advice in this list, only you found this by talking to students in school.
Cultural significance of culture is often overlooked. Some students as their studies are sharp, to find that the thrill of competition inspires them to better grades. Others prefer a collegial environment where students work together. Some like a university where they can party. Some prefer a more secluded environment. Choose a school with the right culture for you – otherwise achieve their MBA. it may be a poor experience
Some schools are enormous size. INSEAD, for example, supports more than a thousand people to their full-time program MBA. Others are much less. Henley Business School at the University of
Facilities Business schools have spent millions on their facilities in recent years. It is rare to find a school that does not reach zero. But remember that you’ll probably pay a lot of money to MBA. So we have high expectations of their physical environment.
Career services This is an area that has become more important as the labor market has become more difficult. If you are pursuing a M.B.A. because you want to change jobs, you should expect a department dedicated racing business school (as opposed to a university-wide one) who work tirelessly to bring recruiters. You can also expect help with resume writing and interview techniques.
Internationalism This can cut two ways. It is clearly important in the world today has a global business perspective. This means having foreign students in the cohort, foreign teachers on the faculty and overall content of the program. Ideally, you should expect a study trip abroad. But to have a cohort who have problems with language or second-rate teachers will make earning your degree a frustrating experience.
Location If you take a part-time program is expected to be limited to choosing between schools in your area. For modular applications, you may be able to launch its wider network. A student who is expected on campus only one weekend a month can not find impossible a two-hour flight. The timekeepers should consider the location even more carefully. This means not only where you might want to live and work after graduation, but also with regard to the industry you want to go inside. You may find it easier to access financial jobs in New York or tech jobs in California, for example.
Cohort A simple rule is that ideally you want to classmates who are just a little bit smarter than you. You will learn so much from them and their teachers, so they must also have experience decent and varied work.
Accreditation and ranking. It is important that a school carries cache in the rest of the world. At least it should be accredited by one of the three major international organizations: AACSB, EQUIS or AMBA. Although classifications must be handled carefully, they are important for the perception of schools in the world. So you can also look at the most influential of these, as Business Week, Financial Times, or my own publication, The Economist.