MBA Master

Advantages of doing an MBA and the sectors where they are most valued

August 25, 2018 Help MBA Class No comments , , ,

There is a point in your life that you need a postgraduate, so in this Post I inform you of the characteristics of an MBA and if it is the best decision for you.

Once you finish your professional career and start your working life is necessary to raise goals of personal growth, not satisfied with a good job in a company that tomorrow will not be the same, plus you have to bear in mind that with the conditions  Economy through which the country you live in and the difficult working conditions, which are emerging every day, make ascending or having a better salary is more complex.

The challenges are not few. Not only is it about having the experience and skills, because when it comes to climbing the postgraduate studies will certainly help you to point out the difference with your competitors in a job interview. Regardless of your profession doing a master’s degree, at present, is more a requirement than a luxury. That’s why professionals start looking for the best option.

The MBA is the name with which the postgraduate study of a master’s degree in Business Administration is known is a professional qualification, whose techniques of study and teaching are directed to the practical application, in a similar way to the titles of law. With an MBA graduates have a wide range of business knowledge that can not always be achieved through other titles.

According to the GMAC 2015 corporate Recruiters Survey, the initial average salary for subjects with MBA degrees in 2015 was $10,000 dollars per year. Aspiring MBA candidates can expect an increase of up to $45,000 dollars annually in front of their colleagues with undergraduates who have an average, initial salary of 55000 dollars.

Benefits that represent an MBA

According to Peter von Loesecke, CEO of the MBA Tour “It is very favorable for entrepreneurs who require understanding of all aspects of their business” and incorporates the following advantages:

  • Evolve in your career: Although all graduate degrees are designed to evolve education, the focus of an MBA is to advance a person’s career specifically. MBA candidates can create stable business bases while at the same time focusing on improving specific skills needed to increase their professional performance.
  • Obtain more: The average income of those with the MBA degree was $100,000 dollars in 2015 (Source: GMAC). 90% of MBA graduates in 2015 reported that they had experienced significant growth in their salaries after performing this type of mastery.
  • MBA’s have the capacity to be supported by their employers: many employers who support the development of their employees in their careers are willing to finance their employees ‘ MBA studies with the promise that they will return to work in the company , it will advance and bring the skills it obtained, to the place of work.
  • Entrepreneurship: For those looking to start their own business, an MBA is the preferred title to obtain the business education required to manage a business, manage personnel and expand their network of contact. The opportunity to relate during an MBA has no similarity and most of them get their titles with a new business partner.
  • Extend your network: As we have already quoted, one of the most interesting aspects of an MBA experience is to extend the contact network. Networking is a very important factor in all the graduate schools of business, people come from all over the world to take an MBA course and create relationships with their peers that go beyond the classroom, becoming friendships for a lifetime , business relations and connections.
  • Business capacity and leadership: An MBA is focused on creating fundamental business skills while forming the new generation of leaders.
  • Job security and demand: Graduates of an MBA are wanted in any market, whether in the financial sector, in the administration of non-profit-making entities, marketing or other fields. Employers consider this title extremely valuable and know that those who obtain it are trustworthy and successful employees.

Why attend an MBA Master Executive?

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

It is a major investment, in terms of time spent on study and finances invested. However, attending a Master Executive is still a profitable investment, opening the door to career advancement and the resulting economic benefits. Especially when the business school that provides it enjoys a well-established reputation in the eyes of certification bodies and companies.

However, career and salary improvements are not the only motivations that can push a professional towards an EMBA.

In a mini cycle of two posts we will try to analyze them in more detail, also through the testimonies of those who attended: this week with Paolo Starace, CEO and Managing Director of DAF Vehicles.

Improved career and economic prospects

If after 2 years a professional career still seems open to every perspective and rethink, once the threshold of 8 years of experience has been exceeded, it is natural – not to say fundamental – to draw conclusions. Determine where you arrived and where you aspire to arrive. Make an inventory of the tools and skills you have to reach the goal.

This is where the master executive comes into play. Given in hand, it is an additional weapon that can bring out a curriculum and offer real career opportunities. According to MIP data, the business school of Politecnico di Milano, on average within two years of the conclusion of an Executive MBA:

80% of graduates get to take on roles of greater managerial responsibility
40% of these have access to management positions
20% hold management positions in the international arena
15% become CEO

This figure was also confirmed from an economic point of view by the Washington Post which, reporting the figures of the executive MBA Council, noted a 23% salary increase at the end of the master’s degree, and a reduction in the payback period from 23 to 17 months, for an average value of about 60,000 dollars.

A 360-degree view of your business

In the introductory video Paolo Starace describes, with an effective metaphor of the library, another important value of a master executive: offering the right tools for analysis of his market. Managers are called upon to act with an increasingly “macro” perspective, grasp the dynamics of a company as a whole and decide accordingly, in a tight timeframe.

In order to do this, the experience acquired in the company is fundamental, but not always sufficient. Daily work offers very specific technical skills, allows you to move with skill in your own field, yet does not necessarily guarantee a 360-degree view. The risk becomes that of making wrong decisions, or decisions conditioned by one’s own mental models.

What is the difference between an MBA Master and a Master in Management (MIM)?

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

Can programmes such as the Master in Management (MiM) be considered as an alternative to an MBA Master? What is the difference between a MiM Program and an MBA? Certainly MiM and Master MBA have common characteristics – both are post-graduate programs – but they differ in many respects. Here are the main ones:

What is the Master in Management?

1. Student age Management Masters (MIM and MBA)
MiM programmes usually do not require professional experience, although they are open to young people with work experience of up to one year. As a result, students of a MiM are generally much younger than full-time MBA Master students. In some schools, the average age is 23 years (from 20 to 27 years), compared to the average age of the students of an MBA Master, between 27 and 32 years.

 

2. Professional experience
Consistently, the professional experience of MiM students does not play an important role during the course of studies, while an MBA Master programme draws much from previous work experience, especially during class participation. In summary, MiM Master programs are designed for talented young people during the beginning of their professional experience, immediately after graduation or after one year of work experience.

 

3. Entry fees
MiM programs are cheaper than MBA programs in terms of tuition fees. While the most expensive MBA programs in Europe – offered by LBS – are around 60,000 euros, MiM programs cost on average half. This is probably due to the different target group: young people who have not yet been able to earn and save money on the side of the MiM Masters, and experienced professionals or the willingness to occupy leadership roles on the side of the MBA Masters.

 

4. MBA Master and Master in Management (MIM): Curriculum
As regards the curriculum, there are also overlaps between the MiM and MBA programmes. Both offer general management courses, group work, business cases, and a general practical approach. The traditional MiM course Master, however, focuses more on the theoretical approach than an MBA. A MiM student may encounter subjects that require strong mathematical bases or analytical skills and the final thesis may be oriented to the world of research. On the contrary, an MBA programme places more emphasis on the practical part. For example, in an MBA Master programme a student might be required to have a practical application of EVA (Economic Value Added, (c) Stern Stewart) rather than its theoretical formulation. In addition, instead of a final dissertation, the student may be asked for a real-world consulting project and so on to demonstrate what they have learned during their course of study.

 

5. MBA Master and Master in Management (MIM): Eligibility criteria
With regard to admission criteria, business schools for MBA programs prefer the Graduate Management Admission Test (GMAT) rating and professional experience, without attaching too much importance to the academic training of candidates. About a third of MiM’s programmes, however, require a degree in administration or economics.