Business Schools & Programs
In 2014, AACSB reported 13,190 business schools in the world. US had 651 AACSB accredited business schools. These schools offer :
- MBA and MS programs,
- One Year and Two Year programs,
- Generalist MBAs and Super-specialized MBAs,
- Full-Time MBAs and Executive MBAs,
- Offline and Online MBAs,
- Global MBAs and Localized MBAs, etc, etc, etc,….
All this needs a lot of research to find the best MBA program that suits your needs. So let’s simplify the process:
Your individual situation is likely to involve multiple factors relevant to choosing the type of MBA program that will best fit you. The discussion above, however, leads to the following tentative conclusions:
- First of all decide which year you will apply for admission and what would be the quantum of work experience at the time of application.
- If you are pursuing your graduation and still want to apply, then a 2+2 MBA Program offered by Harvard Business School is the best bet.
- If you have 0 to 3 yrs of work experience, a two-year MBA program is better for you.
- If you have 3 to 5 yrs of work experience, then a healthy mix of two-year MBA program and one-year (European) MBA is better for you.
- The older you are, the more you should consider doing a one-year MBA. On crossing the 5 yrs of work experience barrier, you should only target one-year MBA programs as they will give you a better return on investment. The investment becomes higher as you have to forego a higher salary while pursuing your MBA and foregoing a higher salary for two years is just not acceptable.
- If you are a high–achiever, you have only three options based on the quantum of work experience – Two-Year full time MBA, One Year full time MBA or an Executive MBA.
- If you are very young, consider applying to a program that will accept you now and defer your entry for another year or two, such as Harvard does.
- Consider the advantages and disadvantages of each program type discussed above; determine which apply to you—and to what extent. Thus, if you think your employer would fund you for a part-time program or an executive program, ascertain for certain just how much financial support you can count on. Then, determine what amount of financial aid you could get from a full-time program, although this may require actually applying to such a program.
- If you intend to work in a traditional MBA glamour field such as strategy consulting or investment banking, you are probably best off attending a full time program at the highest ranked school you can find.
- If you need only to develop a narrow expertise, give some thought to the MBA alternatives such as specialized MS or specialized MBA.
- If you want to change careers, you will have to favor a two-year full-time program.
- If you are currently in your mid-twenties and ready to get an MBA, it may not be a good idea to wait ten years to get an EMBA. Delaying getting a degree means that you delay its benefits as well—benefits that are not only monetary but also include expanding career choices and options.
- If you intend to stay in your career, it gives more reasons to consider an alternative to a full-time two-year program: either a part-time, executive, or one-year MBA.
- Favor a part-time or executive MBA to the extent your current job pleases you and permits combining work and study, as long as you are fortunate enough to have a top-quality program available.
- If you want to move to another country or work in an international field, consider attending a school abroad.
- Do you need an MBA or an MS – All MS programs are extremely academic programs focusing on developing academic excellence in a particular subject area. MBA programs build an academic base of several subjects relevant to management and mainly focus on developing a business perspective by using case-studies, simulations, etc. So, even an MS (Management) will be many times more academically focused than a generalist MBA.
- The quality and reputation of the program you attend matters as much as the type of program. If you live and work in a nice challenging job in Massachusetts and are admitted to the part-time program at MIT-Sloan, for example, you should consider long and hard whether to attend a full-time program at a school not ordinarily considered to be in the global top 25.
- Check with prospective employers to determine the appropriateness of different programs—and program types. It is unclear, for example, whether employers value part-time and executive MBA programs as highly as they do full-time MBA programs.
We can help you to Select the best type of MBA program for you
As the first step in the professional help provided by Admission Consulting Program, candidates are subjected to a reality check termed as Initial Profile Assessment to critique on their candidature for Global B.School programs on the basis of four inputs from the student-
- Business Schools, MBA Programs and specializations of interest
- Updated resume
- GMAT scores
- Psychometric Test Report (All About You)
On the basis of these four inputs from you, we can help you in a more informed and customized manner. On the basis of these inputs an “Initial Profile Assessment” is prepared by our Admissions Team to comment on a student’s candidature for global B.School programs. The preparation of “Initial Profile Assessment” is a complimentary exercise and all you need to do is to mail us your resume with the above stated four inputs at firstname.lastname@example.org and we will send you the required details.
For preparation of an “Initial Profile Assessment”, you do not have to pay anything.