Study MBA: 5 things to know before you study MBA
To study MBA is an excellent way to hone your leadership and management skills for success in a business management career. MBA courses help you fine-tune your business fundamentals, analytical skills and business acumen. You can also practice and perfect leadership skills adapted to today's complex global economy when you study MBA. But some MBA degree programs will prepare you better than others. Here are 5 things to know before you study MBA.
1. The right business school to study MBA: MBA rankings don't tell the whole story
MBA rankings by independent, well-reputed sources such as the Financial Times, Forbes and The Economist can be a helpful place to start when looking for a top business school to study MBA. However, there are limits to what MBA rankings will tell you about a school for MBA. MBA rankings use surveys and statistics to compare a number of objective elements such as graduate salaries. But your profile and your personal learning needs are unique. Only your own investigation – both regarding your specific needs and into corresponding MBAs – will tell you if a particular top-ranked business school is the right place for you to study MBA.
2. How to study MBA: 2 year vs. 12 month MBA programs
Will you get more out of a traditional 2 year MBA or a condensed 12 month MBA? The answer depends on where you are coming from. Two year MBAs spend more time on the basics and are best for new or recent graduates. A 12 month MBA presupposes that you have a few years' business experience under your belt. You have a better grasp of how business fundamentals apply to business challenges – this adds relevance when you study MBA. These MBA 1 year programs also put you among a class of rising stars. When you study MBA in such a class, you'll feed off each other, share perceptions and become a great future network.
3. Study MBA where you can bring it all together
Your MBA degree should round out your knowledge and skill set for solid business performance over the long term. That's why it's important to study MBA within a program that is designed to impart leadership and management skills for global competitiveness. The essential combination brings together solid fundamental building blocks, technical competence, and, especially, intensive leadership skills development. The best schools for MBA leverage flexible and hard-hitting teaching methods to ensure your skills become deeply ingrained. Look for theory reinforced by practical, hands-on management and leadership training that exposes you to various industrial, economic and cultural settings.
4. Global perspectives bring critical added value when you study MBA
In a business management career, global economic trends will impact your activity, even in local relations. At top international business schools, you study MBA in a global economy-oriented environment. You'll gain deeper understanding of the competitive landscape through analysis of global mega-trends, action learning such as onsite projects in emerging markets, and working collaboratively with international classmates who bring richly varied global perspectives.
5. Study MBA to establish long-term career advancement
When you study MBA, it's not just about a career jump at the moment you emerge with your MBA degree in hand. At the best schools for MBA, the short-term experience establishes long-term impact. Truly valuable MBAs offer repeated practice in the cycle of applying theory to business action, followed by focused reflection on the roles played and events. You therefore develop capacity to learn through your ever-growing career challenges thanks to the awareness and openness grown when you study MBA.
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