WHY THE MBA ROUTE?
The MBA program is not just about mastering managerial skills.
Its about becoming a leader. Its about learning how
to use your courage to make important analytical decisions while
keeping the big picture in mind. The MBA program will teach you
how to optimize the mixture of "hard skills"(i.e. accounting,
marketing theory, and financial analysis) with your interpersonal
skills. It will give you a valuable credential, new skills and
the possibility to increase your income significantly.
But the MBA degree does not do all this by itself. It is up to
the individual to take as much as he or she can from the MBA privilege
and prove to the world his or her value as a manager and leader
in the competitive market of today.
Deciding to enroll in the MBA program is an investment. In the
short term it will be challenging and costly. In the long term,
however, it may very well prove to be the step needed to greatly
improve your position in your life and career. Life is ruled by
constant change; if you dont consistently add to your skills
and update your learning, you might either fall behind or remain
in a low-level position with no future. The MBA program may be
the tool you need to avoid the pitfalls of stagnant waters.
When deciding on where to do your MBA degree, you should keep
in mind your specific career goals. For example, doing an MBA
in the United States will prepare you to work mostly among American
companies. If you want to work more internationally perhaps you
might want to consider getting an MBA in Europe, Asia, or Latin
Regardless of what country youre from, getting an MBA in
a different country than your own may be a very valuable experience.
It will give you the freedom in the future to choose between different
countries, companies, and jobs. It will also give you an extra
advantage in the multinational corporation market. Many multinational
companies expect their workers to speak English and at least one
Studying abroad will also give you valuable international experience
in multi-cultural teamwork, different styles and methods of negotiating,
and an inside edge on an increasingly globalized market. When
looking for the right program try to find schools that are known
for the specific area of management that youre interested
in pursuing. For example, if INSEAD in France is well known for
your specialty, then maybe you should think about learning French.
Businesses will appreciate the effort you made to learn another
language just to have access to superior training in your field-
its a sign of serious commitment and motivation.
If youre worried about the cost, consider this- programs
in North America and Europe are likely to be the most expensive.
Programs in Asia are less expensive, and programs in Latin America
are the least expensive. Programs that are more expensive may
be more prestigious, however. This might make a difference in
your salary afterwards. For example, you may spend up to $150,000
or more on a prestigious MBA program, while someone else pays
$50,000 on a decent but not as well known program. The difference
in salary increase, however, may be anywhere between $20,000-$100,000.
In a few years the difference will balance out. But as mentioned
earlier, the key element is not the degree. The key element is
what the individual does with the degree. For you to decide.
SITES TO CHECK OUT
There are many worthy universities offering MBA programs around
the world. One way to locate them is to go to accreditation websites
where there is usually a list of schools that are internationally
recognized as high quality institutions.
Some of those websites:
-Association to Advance Collegiate Schools of Business- www.aacsb.edu/accredalph.htm
-Association of MBAs- www.mba.org.uk
-European Foundation For Management Development- www.efmd.be/equis/5.html
-University rankings- www.bschool.com/intlsbys.html
-Graduate Management Admission Council- www.gmac.com
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