The MBA is widely known and respected as the premier postgraduate
business qualification. What must be remembered is that it is a
post-experience degree, as well as just a postgraduate one, and all
reputable schools will require significant work experience before
admission. This is usually between 3 – 5 years and the average age of
MBA cohorts tend to be in the 28 – 31 range. So, this is not a
qualification for new graduates. An important dimension is that students
learn from each other as well as from the formal teaching, and the more
experience you have to contribute, the more you will get out of the
programme. The MBA is a broadly based degree and, although you will find
more tightly focused programme with titles such a 'Global Banking and
Finance', 'Strategy and Procurement Management' and 'Corporate
Governance and Responsibility', they will still have the essential MBA
core of business disciplines.
Another important factor when thinking about MBA study is the reputation
of the schools you apply to, as employers tend to attach importance to
the school the degree was gained from and value it accordingly. This is
particularly the case if you are thinking about an international career,
as top schools will be known and valued accordingly around the world.
Guidance can be gained from a range of 'rankings' of which the two most
widely respected outside the US are those of the Financial Times and the
Economist Intelligence Unit – usually the number of leading UK schools
featuring in these Global Top 100s is under 20. It is also important to
check schools out thoroughly; perhaps by visiting a number if you can
get to the UK, or talking to people who have been to study in the UK.
There are many schools where you can take an MBA and they have different
'personalities' and 'angles'. Take time to find the one that is right
for you – which may not be the most highly ranked. Remember: A happy
student is a good student.
A question increasingly asked these days is 'Is it worth doing an MBA in
these days of recession as I might not get a return on my investment?'
The answer is emphatically 'Yes' and in fact demand for MBAs tends to be
countercyclical. In difficult times, people seek to upgrade their skills
and give themselves a competitive edge in the job market. And, of
course, recessions come to an end, when the MBA graduate will be well
placed to take advantage of the expanding number of top job
opportunities.
If you are interested to know more
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