Manish Kapoor asked:
If you really want to make a good career, then education is most important factor. There are lots of good career courses available. All of these courses have its own importance. If you want to make a career in Information technology, then you can choose IT Courses like MCA, BCA or MSc. But if you wan to make a career in business management, then MBA is best option for you. MBA is labeled as most preferred qualification. If you want a lucrative and satisfied career, then go and obtain your MBA degree.
What IS MBA
MBA stands for Master in Business Administration. This is most popular course in all over India and across the world. MBA degree is for a person who desires a leadership and manager role in today’s competitive business world. If you are serious in making career in business management, then MBA is the best option for you. This degree is recognized worldwide. In your MBA education, you will learn all about business management. You will learn about business techniques, management techniques, leadership skills and all about management.
Types of MBA Degrees
So, now you have decided you are going to obtain MBA degree. But stop dude, you have to decide which type of MBA degree you are going to obtain. Choose the MBA Degree which best suits your requirements and circumstances. Evaluate each type of MBA degree and choose what’s best for you.
Executive MBA Programs Distance Learning MBA Programs Online MBA Programs Part-Time MBA Programs Full-Time MBA Programs Full-Time MBA for 1 Year Full-Time MBA for 2 Years
Choosing the Best MBA College
Finding the best college for obtaining a MBA Degree is really tough work. Choosing the best colleges for MBA is time consuming and confusing. It is stressful for you and your family. You have to choose the MBA college which is famous and higher rank. You can visit MBA colleges in India where you can find list of top mba colleges in India and all over the world. In this website, you can find all famous MBA colleges. You can visit website of each college. From website of college, gather information about the college. Research that college and choose the best college as per your requirements.
All the best for your MBA.
J.J. Yong asked:
The ranking of schools have always been a controversial issue because different schools or education institutes have different strengths and weaknesses, and the rankings of each different strength and weaknesses are usually impossible to be measured in mathematical terms.
It is important to find out business schools that are accredited and provides constructive modules which are able to improve students’ ability to adapt to dynamic business world.
The final Top 10 Online MBA Schools that appear on the list are as follows (not in order of ranking):
Grand Canyon University Accredited by the Higher Learning Commission of the North Central Association (NCA), offering 26 different online MBA programs. Columbian Southern University Accredited by the Distance Education and Training Council (DETC), offering 13 different online business post-graduate degree programs. University of Phoenix Accredited by the NCA, offering 22 business post-graduate e-learning programs. Westwood College Nationally accredited as a post-secondary learning institute. Capella University Accredited by the NCA, offering 37 online MBA courses which is one of the largest online MBA schools. University of Cincinnati Accredited by the NCA. Classified by the Carnegie Commission as one of America’s Top 25 Public Research Universities. Tiffin University Accredited by the NCA and Association of Collegiate Business Schools and Programs (ACBSP). North Central University (NCU) Fully accredited. University of London Audited and confirmed in 2005 by Quality Assurance Agency (QAA) - UK independent body for safeguarding the quality and standards of higher education. U 21 Global (Singapore) Online MBA courses are backed by accredited education institutes (National University of Singapore, University of Queensland, University of Hong Kong, University of Glasgow, University of Nottingham, and other business schools).
J.J. Yong asked:
Current worldly state stresses the importance of higher education though we had achieved certain success in career wise. One of the most recognized degree is MBA, which stands for Master of Business Administration, has been one of the most extensively pursued master’s degree across the globe. Usually, it has been now labeled as a ‘preferred’ qualification or as a requirement now in work resume.
The successful MBA foundation is phenomenal as its curriculum consists of finance, marketing, statistic and others that make a successful candidate to be included in preferred category. It is because they have ability to think broadly about business decisions and switch forth and freely to adapt to different needs and environments.
Through MBA filtering process, the best students with the best reputation can be selected from a pool of candidates. Of course, that means candidates with a highly record of excellence and achievement is highly favored and most likely to be recruited. With the degree, we can too, conclude about the drive of the person that holds it. Sometimes, they are the full time working professional who willing to spend their time to pursue the higher education. It’s such an accomplishment to manage both career and education swiftly.
MBA also teaches us issues about how we can build up a successful portfolio of business knowledge and skills and network of colleagues and MBA alumni. Identification of business problems can be addressed and analyzed more consistently. Communication skills in individual and teamwork aspects can be strengthening in a long run. People management skills can be mastered as usually the person who deals with the customers mostly influences the business deal. First impression is important, and a second impression doesn’t count.
It is said that the degree is a must as it guarantees professional qualification, which is a demand from industry. If you are a successful holder, it does give the eligibility and also means that you have obtained the theoretical base for building the practical achievements. It also could be the way to change your career path and set up your own business. Research has shown that the failure rate for small businesses started by an MBA is about 50 percent less than the standard failure rate.
No matter what the importance is, approach the studies with an open mindset and correct attitude and it can develop oneself into full capacity.
Paul Sarwanawadya asked:
For those of you who do not know what an online MBA program is, it is a degree program in business administration that you pursue online after you have received your bachelor’s degree in college. The Masters of Business Administration is quite a popular course for business students all across the globe. The program is considered to be a major step for someone who wants to pursue a successful business management career.
The business graduate degree is probably popular because it has great value to people in the fields of business and administration. No matter what profession or industry that you are in or what state of the economy your country is in, a business administration degree will be able to benefit those who are in positions of business and management, particularly those who are in executive and managerial positions.
MBA programs are best suited for those people who have a few years of similar work experience. Therefore, if you have been working in the field of marketing for approximately 4 years, then you would be considered to be a good candidate for an MBA. Many undergraduates decide to pursue an MBA degree as soon as they finish college. This is probably not the greatest idea just because they do not have the work experience to adequately apply what they learn in class.
In every situation, you can weigh the good along with the bad. So it is with an online MBA program. There are also pros and cons to consider when you are contemplating getting an MBA degree. Here are some of the pros of getting an MBA degree:
It will give you a true competitive edge. Many MBA graduates pursue jobs in management. Many MBA graduates will probably have higher salaries than when they did not have their degree.
There are also some cons to think about before you pursue an MBA degree:
It may be a big expense to your pocketbook! Many people feel that they can learn more on the job instead of learning in the classroom. It is not a necessity to have an MBA degree in order for you to work in management.
Another factor you may want to consider when thinking about an MBA program is to try to find one that you could take online that could meet your goals. Here are some tips for helping you find the best online MBA degree program:
Make sure that you enroll in an accredited online MBA degree program — the MBA program should be accredited by a reputable accreditation agency that meets all the criteria set down by the U.S. Department of Education. Try to find an online program that is flexible to adjust to your schedule that is probably centered around your work and family. Try to find a program that does not have too many students in one online class. If there are too many students, the lecturer will be unable to give the necessary instruction and guidance to each individual student. While you search for the best online business school, make sure that you remember to analyze the capabilities of the different faculty members and to understand the school’s approach to academics. Look for an online university that already has an established alumni program in their online MBA program. This will ensure that there is a good network between the online school and different companies which will either help to get you a promotion or help to make a smooth career transition anywhere in the world.
When you contemplate getting an MBA degree whether it be online or at a regular university, make sure that the degree will help you in any career changes that you wish to make.
Jennie Amit Gandhi asked:
Most of the job surveys show that one of the most preferred career choices is MBA (Master of business administration). No wonder, MBA is one of the most sought after careers across the globe. Globalization, liberalization and increasing capitalism across the world has made MBAs one of the biggest beneficiaries. Most of the countries have adopted liberal policies lately and this has resulted into opening up of new vistas for MBA professionals. Corporate world thrives on the crucial abilities of MBA professionals. Management professionals formulate proper strategies and provide immaculate leadership which helps business in attaining new highs.
MBA degree programs tend to differ across the countries. Most of the universities follow the norm of two year MBA degree program. At the same time, many colleges offer one year specialized MBA programs as well. Students choose their desired course depending upon their requirements and inclinations. The common thread between all management degree programs is successful completion of graduation with certain percentage. Two year full time MBA degree program is basically a regular course (mostly residential) meant to be attended regularly.
Apart from two year regular MBA course, students also have option of going for part time MBA degree program. Normally, this is of three year duration which also provides student with option of earn while learn. Students have other options as well to earn MBA degree. Besides, regular and part time courses, candidates can opt for distance learning and online MBA programs as well which are relatively cheaper and more flexible.
Most of the Business schools worldwide offer various specialization to the aspiring candidates like marketing, finance, human resources, IT, operation etc. With the recent advent of new industries, many colleges have started offering courses in hotel management, communication, fashion technology etc. Not only that, several institutions have also started specialization in insurance, media and retail management as well. Students do have the option of searching internet for plethora of information available on different MBA degree programs and several universities all across the world.
Amelia Turner asked:
MBA programs are a popular choice for many mid-career professionals who want to earn a credential in management level to prepare for their career advancement. Nowadays, with the available of online education programs, you have a choice to earn your MBA degree from traditional MBA program offered by a campus-based university or through an online MBA program. What are the differences between the online and traditional campus-based type of MBA programs? Knowing the basics will help you to decide whether or not these programs are right for you.
In term of educational goal, both online learning and traditional MBA programs general share the same goal of preparing the students for many fields, functions, and industries to help them progress toward a specific career goal. Both online and traditional MBA can be considered equally difficult and have a similar type of curriculum. Both MBA learning types are able to help you achieve your career goal, but instead of spending hours in class as in traditional MBA program, online MBA students are expected to dedicate their time to study independently.
Traditional MBA program will have a time table which you need to follow to attend the classes on time. If you decide to pursue your degree through campus-based MBA program and at the same time maintaining your current employment, you may need to adjust your working schedule to fit the time table of your MBA courses. Most working individuals who sign up for traditional MBA program will normally enroll into evening classes or time after work. They also need to commute to and from school and they might miss the classes if they need to stay after work due to important assignment or project. For those working individuals who are frequently travel on job assignment, they may have difficulties to fit their time to the fixed time table of the MBA courses.
Online MBA programs solve the above problems with the features of flexibility, self-pace and convenient of attending classes from any location as long as the location has internet connection for the student to login into the online classes. The online students who pursue their MBA online can attend the classes, downloading their training materials and assignments, submitting their courses from their comfort location through internet connection. The flexibility time tables of online learning allow students to plan their own study time based on their learning pace and convenient schedule. The features best fit for most working individuals who have busy working schedule. The frequent travelers are able to take advantages of studying anywhere and at anytime with online MBA program.
While traditional MBA courses require you to attend the physical lectures and work with your physical peers on group assignments, online curriculum generally consist of lectures, reading, assignments which are all in text, multimedia and audio format which you need to login to the school’s online system to view or download the materials. Most of time you are using online channels such as online discussion board, online chatting, email and sometime phone calls to communicate with the lecturers and online classmates.
In general, online MBA and traditional MBA programs are similar in term of curriculums but different in term of the learning media. Online MBA programs require the students to be more self-motivation and self-discipline to make progress to complete on their degree program.
Dl Hoh asked:
There are many reasons why one wishes to study for an MBA. Especially with the technological advancement nowadays, there are also those institutions that are able to offer Online MBA course.
The followings are some of the most tangible benefit from studying for an MBA:
MBA graduates are able to develop analytical skills to identify, analyze and resolve problems faced in management and business.
MBA graduates are able to develop the skills of leading people and managing people.
MBA graduates are able to develop a life-long personal and professional relationship with other students, which may turn out to be extremely useful business network.
Analytical Skills
The forte of virtually all MBA program is to be able to teach its students analytical skills in analyzing and addressing business problems. In fact, survey results carried out on employers of MBA graduates show that the attributes that they were most satisfied with is the analytical skill demonstrated by these MBA graduates.
Hence, an MBA program that focus on the effectiveness of developing a student analytical skill can hardly go wrong. Schools of all sizes produce MBA graduates who get high marks for analysis and technical competency.
People Skills
The next important tangible benefit that you may derive from an MBA is the people skills. Soft management skills, interpersonal, people-management skills are all soft skills which are hard to be taught. That is why it is important to choose an MBA program with a detailed curriculum on people skills. The reality is that as business managers rise in their organizations and take on ever-greater responsibilities, the percentage of their time devoted to “people problems” increases exponentially.
Business Networking
Of course, probably the most important and most enduring benefit for all MBA graduates are the acquaintances found during the program. The deep relationships with other members of the MBA program had proven to be important business network to the life-time career of the graduate.
Even though relationship building is very important to the MBA experience, few programs actually make a conscious effort to facilitate that process. That failure diminishes the value of services rendered to their MBA students, and accordingly leads to lower retention rates and a diminished sense of alumni loyalty and support once the students finish their programs.
The decision to pursue an MBA program is becoming increasingly more complicated in this era of business world. The demand of a good MBA graduate is likely to increase over the years.
If you are still contemplating the MBA experience, the choice among the different MBA programs will not likely yield a measurable difference in the mastery of technical and analytical skills. These skills are the hallmark of virtually every accredited program.
In contrast, the concurrent mastery of people-management, leadership, and teaming skills is a greater variable in choosing among the different MBA course. Prospective MBA students should expect that - should demand that - from their MBA course.
Brit Boone asked:
With the increase in demand for an MBA both in terms of students and corporations, a vast variety of types of programs have come onto the global market. Additionally, there is a wide range in the ways and combinations of courses that are being offered.
Variety in Offerings
At present, there are five widely recognized types of MBA programs available in various parts of the world. A quick overview of the types of MBA include:
Distance-learning MBA - A distance-learning MBA program is usually internet-based though in some parts of the world where internet is less reliable, other media elements may be utilized.
Executive MBA - An executive MBA is more descriptive of the target audience, than how it is delivered. The most common delivery format for an EMBA program is in short, intensive periods (usually ranging from one week to one month in length) where participants attend classes at a university, satellite, or other setting.
Flexible MBA - A flexible MBA program allows a student to select courses that are of interest to them to work toward an MBA with a desired emphasis. Though there are several of these programs primarily in the U.S., the flexible approach is the slowest growing of all MBA programs.
Full-time MBA - A full-time MBA program is for students that desire to focus primarily on their education often without work responsibilities. Most often, the full-time approach is held on a university campus.
Part-time MBA - A part-time MBA program usually consists of a three plus year program that is held on a campus or satellite location.
According to a 2007 survey reporting the “Net Trend in Total Application Volume,” program growth rates are as follows: (1)
Part-time MBA 46%
Online MBA 43%
Executive MBA 40%
Full-time MBA 36%
Flexible MBA 18%
There is significant growth in MBA participation in general and the higher growth rates in the part-time and online programs than other formats. This is due to a couple of key factors. One of these is a growing number of professionals that are returning after some years of experience to earn their MBA degree. With ongoing work and family responsibilities for many candidates, an increase in coursework that offers more variance in scheduling and portability of work is to be expected. A second factor impacting MBA trends is an increase in part-time and online programs due to universities offering courses in other geographic locales. This expansion has led some universities to take a go-it-alone approach, while others have looked for strategic partnerships.
Growth in Partnerships
There is an increase in the level of partnership that is occurring in MBA education throughout the world. One example of this is the partnership formed between Wharton in the U.S. and INSEAD with campuses in Fountainebleu, France and Singapore. While a partnership such as this brings a number of benefits, one of the main benefits according to the respective deans is the increased global presence and experience it brings to their students and alumni.
Other partnerships are forming throughout the world. A number of western universities have formed partnerships with local universities to make an MBA available in a range of countries including the BRIC countries (Brazil, Russia, India, and China). These types of partnerships are also occurring in many other markets such as South Africa, Croatia, Czech Republic, Dubai, and Mexico.
A new form of partnership is beginning to emerge where expertise is coming from a number of partners to provide a high quality MBA offering. One example of this exists with the VLC corporation who is providing state-of-the-art distance-learning using virtual-reality. Having prepared a customizable frame-work, VLC works with a small number of universities including Indiana Wesleyan University to make available several MBA offerings. In this form of partnership, the university has complete quality control oversight. These programs are then marketed and given local expertise by working with training and development companies in a broad range of global markets from Brazil to Russia.
Types of MBA Programs
In recent years, there has been a significant increase in the number of specialized MBA programs available. This range includes but is not limited to concentration in finance, legal, marketing, IT, entrepreneurship, human resources, international business, executive management, etc. While these emphases bring new opportunities for specialization in a field, candidates should examine their planned career path to determine what is best for them.
Whereas some candidates desire to be an expert in a particular field, placing emphasis in that field in MBA education is highly desirable. Some candidates are looking for experience in a range of areas so that he or she can continue to have new challenges in the workplace and/or move toward upper management ranks. For these candidates, selecting a program that has elements of their specialty with a broad enough specialization that lateral and vertical moves can be successfully made is highly beneficial.
(1) “Application Trends Survey” of the Graduate Management Admission Council (GMAC), 2007.
“Net trend is calculated as the percentage of programs reporting an increase in application volume minus the percentage of programs reporting a decrease in application volume.”
Manik Thapar asked:
What is an MBA worth? It depends. There is no one correct answer that applies to everyone. Career goals, personal circumstances, and occupational requirements are some of the major factors to consider.
Think of getting an MBA as an investment and weight the risks and benefits accordingly.
There are several potential advantages in getting an MBA:
* Recognition from others and self-satisfaction in earning an advanced degree
* Gain enhanced strategic thinking and managerial effectiveness
* Higher pay than someone with less education
* More upward job opportunities, especially management positions
* Larger professional network through faculty, fellow students, and others you meet while in an MBA program
There are some potential disadvantages in getting an MBA:
* You may be considered by some companies, especially the smaller ones, as too expensive
* An MBA may not be required for your career goals
* Emphasis on the MBA might not be worth as much as years of experience to some employers
The cost of an MBA is of its most daunting aspects. But, according to research conducted by Forbes, despite a shaky economy and job market, an M.B.A. still pays for itself in the long term. The average time to recoup your investment is 3.1 years.
An MBA will improve your strategic-thinking skills, develop your leadership abilities, and foster managerial effectiveness. These are skills needed by every type of enterprise. If your career aspirations require the edge of an MBA, it remains a good investment for your future.
Elizabeth Morgan asked:
The MBA graduates have a vital role in the competitive business world today. They are eagerly needed by businesses worldwide. Salaries and other bonuses influence these post graduates. The salary for all levels of MBA holders shows continuous increment each year. Studies show that the average salaries for MBA professionals have risen above 21% in the last seven years. The MBA salaries also increase with seniority levels within an organization. With an MBA degree, one can increase his salary up by as much as 50%.
Besides the base salary, the total compensation earned yearly include bonus of around $25,000 and other benefits, including tuition reimbursement, car allowances, and relocation that add about $15,000 on an average. The base salary and bonus may vary from one company to another. Some companies offer a higher base salary and fewer bonuses, while others offer a high year-end bonus.
Business companies look for MBA graduates to widen their business areas to get more profit. A professionally qualified MBA graduate can assist the company to meet the business targets. As the profit level of a company increases, there may be increases in the remuneration to its staff. This is the main factor that increases the average salary of a business professional. Also, some leading business companies offer competitive and exciting salaries and benefits to qualified and experienced MBAs solely to attract them. Year-after-year the salary scale goes up; each year showing a large difference with its preceding year.
A significant salary change can be seen in a person’s salary if he or she completes an MBA program while working in an organization. But, there are a number of factors determining the salary offer like the area of specialization, prior earnings profile, pre-MBA work experience, geographic location and cost of living, and the academic record in the business school he or she attends. Compensation packages will also be offered. Consider a person working in a reputed business company earning a salary of $25,000 per year; the salary will increase up to $50,000 or $60,000 after his MBA graduation.