MBA

4 things you need to know before you study an MBA

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The fruits of a master’s degree in Business Administration are established: there is a substantial improvement in salary remuneration, an extension of the network of contacts, knowledge of the management tools, greater opportunities to access a position Management and the growing demand for highly qualified professionals are some of the reasons why you should have focused your interest in taking a master’s degree in administration.
So before you follow an MBA it’s important that you consider following some tips:

Align your career

As tempting as the benefits of completing an MBA, you must have your career well defined and determine if you need to follow the course. This is important because the investment in time and money is considerable and should be carefully meditated. The alignment of your professional goals will also help you to better choose the type of MBA program that fits your needs. For example, if you are working in a multinational company and want to climb a management post, it is important that you find out about the master’s centers in business that your company considers most prestigious; Instead if you are an entrepreneur and want to run your own company, you could avoid the most expensive and prestigious schools and opt for something more economical but good quality.

Consider Online preparation

The option of on-line studies of MBA is becoming more and more popular, this due to the improvements related to the technology that makes possible the exchange of information on line, added to the ample number of benefits that offers this type of programs. One of the strengths of online preparation is the flexibility of schedules, which allows you to work and study simultaneously without having to waste time or money movilizándote to the center of Studies, in addition to rubbing with people from different parts of the World, which puts into practice the true concept of a global networking. This type of preparation adapts very well to self-taught people.

Perseverance much perseverance

Combining this type of preparation with work and personal relationships will require the maximum of your effort. Many MBA students do not have free time at all, so do not be discouraged that all this sacrifice is worthwhile. Watch out for stress that can seriously affect your health. I recommend you take vitamin supplements and follow a proper diet. Perseverance is the key to everything and always be aware of the reason why you have decided to undertake this great project.

Follow an MBA Full time or better one Part time

Leave the job to follow an MBA or follow it while you work? That’s the dilemma. According to Henry Mintzberg in his book managers not MBAs, he emphasizes the need to train executives who not only focus on the theory but also on the practice of administration, criticizes the formation of young students with little work experience in the world Real and suggests to focus training on the actual practice of administration and not just focus on science.

The fact of getting ready while you work gives you a better perspective and more use of the course, because among the classmates can share their work experiences and go enriched together. In addition the benefit of the knowledge acquired in the classrooms whether real or virtual can be put into practice for the good of the company.

If you have already completed an MBA or are thinking about studying it, we would love to know about your expectations or experiences. Leave me a comment at the end of this post.

Differences between an MBA and a specialized Master’s Degree

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Learn about the details that differentiate an MBA from a specialized master’s degree.

It is not the same to talk about an MBA than a specialized master’s degree. To remain prevailing in the face of the demands that the labour market constantly demands, it is essential not to be conformed with the undergraduate degree, but to continue preparing academically should you be clear about the difference between an MBA and a specialized master’s degree?

MBA vs. Specialized expertise

First of all you should know that a specialized master’s degree offers participants more punctual instructions to apply in the area where he works. While the MBA offers a broader range of knowledge, there are many issues with few complications. This is not ideal for individuals who want to stay and enhance their experiences within their area.

With regard to the comment made by Fausto García, former academic director of the MBA at IAE Business School in Argentina, specialized masteries flourish as a natural process. The maturity of the market requires the programs to be different from each other, offering a level of specificity that is becoming ever higher.

Long ago, there were only MBA’s as programs considered to form executives trained in business management. However, the same market transformation demands more punctual specializations, executives with specific trajectories.

The MBAs are programs that guarantee to the professional the necessary support to lead organizations, therefore enjoys a prestige of height in management superior to other programs.

How does specialization work?

To better understand specialization, the human resources area will be taken as an example. Within this area, there are diplomas such as labor relations, internal communication or coaching. However, masteries provide a “holistic view” of the entire human resources area.

What does a master’s offer do?

-Specialization
It allows you to focus on studies of a more specific branch of knowledge.

-Employability
It will increase the likelihood of hiring you and getting more pay for your work.

-Change
For most, masteries represent the possibility of changing direction. A doctor can afford to do an MBA or a master’s degree in administration if you want to devote yourself to the management of hospital centers, for example.

What does an MBA offer you?

-International recognition
This university degree is highly demanded by employers all over the world.

-Practical Training
It’s something you can be sure of, from making economic observations to fieldwork, an MBA will make you study as much as working.

-Leadership Training
You can acquire techniques to lead and direct different types of projects, here you will be instructed to make directives and ensure that they are fulfilled.

-Contacts
This is perhaps one of the most particular benefits of this postgraduate. Not only in the courses will you find future leaders and business executives, but also many MBA’s run days where they will present you with different authorities of the business world and thus licensing with an extensive and solid portfolio of contacts.

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

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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.

How is the remote MBA organized?

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An MBA is a diploma intended for executives and people already working who wish to open up to the international world.

MBA : definition

However, not all MBA candidates can, or will, take two years away from their professional activity.

For them, there is the remote MBA:

This training can be followed thanks to multimedia, without having to travel: an innovative teaching method combining residential modules and e-learning.
Two thirds of the courses are taken at a distance. The rest consists of studies followed in different European cities.

Benefits of this MBA

Choosing a remote MBA has its advantages :

Remote MBAs are less expensive.
The class size is reduced to a maximum of 20 students per class.
Just like a traditional training, the distance MBA is done over 2 years.
The candidate can keep his professional activity.
The schedules are flexible and the student works at his own pace.
Disadvantages of Remote MBA

Remote MBA does not only have advantages:

There is little or no exchange with other students and teachers.
The dropout rate is very high.
Networking of services is limited and student support is not personalised.
Unlike Part Time MBAs, remote MBAs are only very rarely accredited by AMBA, EQUIS or AACSB.
MBA Accreditation

Which remote MBA to choose?

Even for a distance MBA it is necessary to choose a good establishment. There are several points to check and compare:

accreditation of French and foreign institutions;
the dates and duration of the training;
programs and internships;
projects ;
the possibility of academic support and/or sponsors;
the use of self-study notebooks;
the specific functioning of distance education (online services made available such as libraries, conferences, forums, synchronized courses);
prices ;
prerequisites for admission: references, experience, diplomas.
MBA Admission

Focus on the Euro MBA

The Euro MBA was born in 1996. Today, he is ranked among the best distance MBAs in the world.

The Euro MBA is managed by a group of 5 European member schools and universities:

Audencia Nantes Management School
IAE Aix-en-Provence
EADA Barcelona
Maastricht University Business School
Kozminski University.

The duration of the program is 2 years. This programme includes 6 weeks of compulsory seminars at the European university of your choice and the possibility of 10 distance learning courses, namely :

strategic management ;
change management ;
international management ;
management accounting ;
international finance ;
international human resources management ;
technology and innovation management ;
business simulation ;
european business law.

Remote MBA Awards

Tuition fees vary depending on the distance MBA chosen. They range from 3 500 to more than 15 000 €. This price includes:

online courses in their entirety;
Lotus Notes license;
teaching materials.
Travel and accommodation costs during the seminars are not included.

MBA: Career opportunities and benefits

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The CIMBA survey shows that an MBA still represents an added value for finding work and advancing one’s career.

How does attending a Master’s degree in Business Administration affect your ability to find a job and advance your career? CIMBA has carried out a survey of course participants from 2010 to the present, both part-time and full-time, highlighting that an MBA is still a significant springboard.

Find out how much an MBA is worth

For example, 98% of full-time MBA students find a job within six months of the end of their training, while 90% of part-time graduates benefit from a career step within two years of completing their Master’s degree.

“These figures – commented Cristina Turchet, associate director of Cimba – show how the study programme and the international context to which our students are exposed represent a true agent of change in people, both in their abilities and in their expectations, and at the same time offer important opportunities for career advancement. These are often the result of a new ability on the part of the manager to select and seize opportunities, choosing the work contexts that are most suited to his or her characteristics.

As far as the positions occupied by students at the end of the MBA course are concerned, the survey shows a 24% marketing/sales area, followed by general management and operations/logistics. In addition, 17% play a role in finance/accounting, while consulting, IT, lean/six sigma appear to a lesser extent.

Read why top managers are trained in the U.S.

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Another advantage of the MS in alternation, to be able to justify a more important professional experience than a simple training course. “The alternation allows the student to be in contact from the beginning with the work environment he wishes to access,” comments Jérôme Gallo of the Burgundy School of Business group. “This formula is more appropriate for those who are stressed by the prospect of staying between 6 and 8 months exclusively on school benches. The immediate professional perspective of what we learn in class is another asset. Alternating periods in companies and periods in training centres brings a much more convincing one than the only internship, however long it may be.

Specialised master’s degree: in which case should you opt for a sandwich course?

This system also has the advantage of putting academic knowledge into practice. “For each training course, work-linked training is an interesting device, since it makes it possible to better combine the acquisition of knowledge and the acquisition of skills with practice,” comments Walter Baets of Kedge BS. What we learn in class applies the next day in the company. This class/practice interaction is a real pedagogical tool”. Yes, but in which case to opt for alternation? “It’s a popular route,” admits Walter Baets. “But you choose to alternate if you have the opportunity and the courage to do so.

Taking a Mba is a safe investment

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Increased salaries, new managerial skills acquired and the possibility of making a career by highlighting with recruiters: these are the most important benefits of attending a MBA. The often exorbitantly expensive specialist courses seem to be safe to invest in, looking at the results of a Financial Times survey of former students on America’s most prestigious courses.

HOW MUCH DOES INVESTMENT IN A MBA MAKE?

On average, those who have attended one of the 100 best MBA programs in the world have seen their previous salary double over three years. The former students of Bulloch, at Stanford, in second place in the 2017 ranking, have seen the investment return quickly: after giving up an average income of $ 100,000 a year, three years after the end of the courses earn $ 200,000. Half earn former students at Iowa’s Tippie College Business (84 places), although they do better at +130% of their pre-Mba income.

“The economic benefits of this investment are a factor they certainly take into account, but students start with the idea that the MBA can help them fulfill their dreams,” says Ft David Deyak, assistant rector at Tippie. That means changing jobs, industry and even country. Not to be underestimated the personal impact of a Mba that allows you to create a network.

A YEAR’S BEES ARE YOUR FAVOURITES

No wonder, then, the numbers: in 2016 applications for membership for the MBA of just one year – the preferred mode for updates in areas not in step with the times – increased by 57%. Those who enrol in diploma courses in two years are more likely to receive scholarships: 48% against 36% of annual students. Shorter programs still deliver more value than the money spent.

If for many students who want to attend a MBA program the time to spend on it is certainly a topic to be considered more, candidates often self-select in the face of the high costs involved. Even if they know that they can come back from that investment in a short time.

Another advantage, and not the least, is the financing of his training. Indeed, the tuition fees are paid (in part) by the host company and the “apprentice” receives a salary calculated on a percentage of the minimum wage or the conventional minimum wage. Provided that you prepare your training within the framework of a standard contract (apprenticeship, professionalisation), or even according to the principle of alternate training (training allowances). Other forms may be similar to the system of alternation but without really offering any financial advantages. This is the case for MS on a part-time basis, which are primarily aimed at active managers. At EM Normandie, the great majority of MS integrate the pedagogical mode of HEC Entrepreneurs including the realization of 2 to 4 missions in companies (according to the programs) from 4 to 5 weeks each in addition to an internship at the end of studies from 4 to 6 months.

The importance of an MBA for your career

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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.

MBA: continued discussion

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This post on the future of the Master of Business Administration has provoked some debate, especially about a group of Linkedins. Many interesting considerations have emerged (some decidedly provocative), which seem to me to deserve an articulated response (and a further place of discussion).

I will try to summarise a few opinions and then add a few notes of my own.

Opinions:

The “administrative” approach of MBAs has resulted in managers with a short-term vision, who do not have (or do not want to have) the ability to build value in the long term.

Business schools have often sacrificed quality (in content and candidate selection) to the profit generated by MBAs.

In Italy, the MBA diploma is often more an obstacle to a career than a springboard, given that there is no clear perception of what an MBA can offer and what kind of value the company can derive from it.

There is no structural link between the world of business and business schools to create courses that truly serve young managers and companies.

We should follow the indications that come to us from overseas and reshap our MBAs on the meta-competences and soft skills that in the future, especially for us Europeans, will make the difference between growth and slow decline.

You should open a discussion on the real mechanisms of career advancement (maybe we talk about it on this blog). Career planning and networking are two preconditions for dealing productively with an MBA. Often those who sign up for an MBA do so with the simplistic attitude of those who think of buying a ticket for their career. Complexity requires much more, and those who persistently want to simplify phenomena cannot be successful.

My thought (which in many ways follows what has already been said):

The lack of manager skills that I often encounter has nothing to do with content, but rather with meta-components (let us call them âstructuresâ).

For this reason, I agree with those who say that soft skills should weigh heavily in an MBA path, as should those disciplines that allow us to acquire the keys to understanding complexity.

Moreover, I believe that this has more to do with the qualifications of the subjects being taught than with the teaching method. Even in organizational behavior or personal development you can reason about contents (I call them “recipes”) or “structures” (I call it “strategic vision”).

In the first case, hypersimplification is a direct consequence.

The risk for those who think in terms of structures is to provide maps that are too complex to allow knowledge to be transformed into a tool for action. The real added value that a teacher can bring, beyond the models adopted and the schools of reference, is based on this balance.