Business Education

The importance of an MBA for your career

August 5, 2018 Help MBA Class No comments , , ,

Forget the classic bamboccioni. Achieving qualified training is a key component for those who want to succeed in the business world and aspire to management positions.

Have you always wanted to attend a degree course at Harvard or Bocconi? A good dose of luck must never be lacking: that is certain. But deciding to enrol in an MBA Master course is undoubtedly a winning choice to ensure a promising working career.

First of all, it is essential to find the right MBA master to enroll in. Scale study programs, teachers, internship opportunities, costs and many other parameters to consider for the best choice.

More than 8 years have passed since the beginning of the financial crisis that has hit global markets and many claim that the worst is over, but never as in this period in our country we know that the years of financial volatility have contributed greatly to the stagnation of the labor market.

More and more often than not, millions of graduates are being told: âyou are unskilledâ, âyou have little experience to work for usâ. According to the Financial Times study, those who have attended a Master in Business Administration after three years can earn up to 180 thousand dollars in 12 months.

Why an MBA?

A Master in Business Administration is the ideal forge where tomorrow’s leaders are trained, a post-graduate degree necessary for those who aspire to obtain high positions in world companies and are in search of excellence. Subscribing to an MBA is an interesting business card for all those who seek to enter the largest companies in the world.

The profile of an aspiring business man must be able to provide a global perspective on different issues, experience critical and analytical thinking in solving different problems, have specific knowledge in the field of technology, finance and entrepreneurship.

The ranking and benefits of an MBA

To analyse all the business schools in the world, you could take a look at the Global MBA Rankings, where Harvard continues to be at the top of the list.

66% of MBA graduates say they have earned a better job or have been able to make a career faster thanks to their studies. This and other trends have been identified in a global voluntary survey of Advent Group in which over 2000 students (prospects, current and already with MBA) from over 24 countries of the world have participated. The study, called “Trends in International Postgraduate Business Education” aims to distinguish between expectations and reality by asking the same questions to candidates and students on the one hand and graduates on the other.

Preferred job opportunities include Marketing and business consultancy for those who are able to hold a leadership position and have a strong entrepreneurial spirit.

The future of MBAs

August 5, 2018 Help MBA Class No comments , , ,

In October 2008, to mark the 100th anniversary of the Harvard Business School, the Global Business Summit was held, where entrepreneurs, managers and academics discussed a number of topics in discussion sessions.

One of the topics discussed had to do with the future of Business Education, and in particular the Masters of Business Administration.

David A. Garvin and Srikant M. Datar moderated the meeting.

The analyses and conclusions generated by the research and the debate seemed very interesting and provocative to me.

Here is a summary:

Traditional MBAs (which in the US, unlike in Europe, generally take place over two academic years) are in decline.
It should be noted that the data analyzed were prior to the economic crisis, which, at least in Italy, seems to have given a boost to the MBA market. The general considerations, however, looking beyond the contingencies of recent months, seem to me to be valid:

There is a pressure from the market to reduce the time needed: the duration of MBAs is moving towards the formula of an academic year, in which, however, 80% of the number of classroom hours that had previously been spread over two years is reduced.

Only the top international business schools offer two-year full time MBAs.

full time MBAs are seen more as career switchers than career accelerators. The opposite applies to part-time MBAs.

More and more, MBA programs are offered not with generalist programs, but with clearly defined specializations (MBA in supply chain management, finance, etc.).

Part of the decline in MBAs is due to the fact that they are no longer perceived as relevant factors for career advancement.

This perception should be an opportunity to reinvent the MBA experience.

The reasons for this decline are.

Homogenization of programs: very similar programs and texts are adopted in most business schools
Training perceived as overly academic and with little impact on daily practice.

In particular, recruiters and pupils feel that more emphasis should be placed on practical topics and skills such as.

Leadership.

Although of particular importance, leadership is not sufficiently addressed because teaching it is not easy and requires highly personalised programmes. The flattening of hierarchies requires re-focusing on this topic.

Globalization

It is mainly focused on the ability to do business with people of different cultures.

Ability to communicate / present ideas.

Ability to perform problem-setting in an ambiguous environment, in situations where there is a lack of information or information overload.

Self-awareness: Future leaders also need to know how to be reflective and introspective, and MBAs do not develop these skills.