CHOOSING THE RIGHT SCHOOL
MBA is an investment in your future. Therefore, no step following
the decision to study an MBA should be taken lightly. One of the
most important choices once you have decided to follow the MBA
path is to decide which programme may be the right one for you
and where to study it. With over 1 250 different programmes to
choose from around the world, there is a lot to consider.
Here are some steps that may help you in making this decision:
DEFINE YOUR CAREER PLAN BEFORE STARTING THE SELECTION
In order to get into the most suitable for you programme you
must first define your career plan. This plan should include the
sector in which you wish to work, the country, the type and size
of business you wish to enter, and the level you wish to reach.
Having a clear career plan for the next 5-10 years will greatly
help you in defining your needs and thereby narrowing down the
choices of schools and programmes to those that may be most suitable
Once you have defined your personal goals and objectives, the
next step before deciding on an MBA will be to consider the cost,
the time it will take you to complete the programme, either while
continuing to work or taking time off, and the place where you
wish to study,
Choosing the place where you wish to study your MBA is also important
decision which must again take into account your career plan.
You must remember that studying an MBA is not the end in itself.
An MBA will provide you with the skills necessary to have a successful
career in business, but what you choose to do once you have an
MBA is entirely up to you. Imagine yourself as a surgeon who has
all the tools necessary to carry out an operation, but in order
to conduct the operation successfully you must not only know how
to operate but also what to do after the operation.
Again, it is very important that your career plan and objectives
are very well thought out even before you begin the process of
selecting a programme. The clearer your goals, the better idea
you will have on where to start your selection process.
GET INFORMATION ON SCHOOLS
First, we recommend that you concentrate on 10 schools and find
out everything you can about them. You will need to do considerable
research on the nature and quality of the available MBAs, and
the reputation of the schools that offer them. You may begin by
asking questions at the MBA Fairs, calling schools, reading brochures,
talking to representatives for information on admissions, discussing
the MBA with various professionals, alumni, professors and visiting
campuses. All these measures will most likely get you positive
results in narrowing down the choice of schools that are best
suited to your needs. To avoid sending out for hundreds of prospectuses
and spending hours reading them, you should first concentrate
on information regarding core and elective courses, specialisation
of the schools, fees, teaching methodology, and the corporations
that recruit in that school.
DONT SIMPLY FOLLOW REPUTATION
The top 10 MBA schools are obviously good choices when looking
into different programmes but you dont have to eliminate
other schools from your list because they may actually turn to
be more suitable for your needs and profile. Sometimes students
believe that if it isnt a top 10 school, then it isnt
any good.. This is not true. Only 10 percent of those who study
MBAs do so in a top 10 school.
Again, having an MBA degree will be useful only if you make it
so. The best thing is to define clearly what you are looking for
in a programme that best suits your personal profile and your
professional situation. Investigate till you find the school that
best meets your needs. Then go for it!