Doing an MBA

MBAs should be considered after about two to three years. Here are some of the reasons to do an MBA:

1. Corporations look highly upon interdisciplinary aptitudes. MBAs are formidable concerning progression up the ranks in an industry. Moreover, it will give you insight into novel fields that you haven’t dipped your toes in as of yet. This is useful concerning shifting across career paths and industrial sectors as you would learn about the understanding you require to succeed in the new field that you are interested in. A change from accounting into advertising might mandate more global awareness and creative skills.
2. MBAs are often stepping stones post stagnancy in a career. There is only so much one can do with ‘XYZ’ qualifications, after which, additional training is crucial to slam dunk a promotion/management position.
3. MBAs open doors towards specialised entrepreneurial knowledge in your field. You will learn how to apply analytical thinking and leadership in your career field, the conceptual understanding being the prime factor here.
4. This additional star on your belt spreads out your network of connections to global academia.
5. The focus on experiential learning through compulsory internships could be the gateway into a megacorp of your liking.
6. The majority of management and entrepreneurial schools host networking, alumni, and professional events to connect students to the industry. Career Services play a pivotal role in organising the aforementioned services, connecting you to prospective executives looking for bright minds such as your own. The opportunities you will receive are priceless during your post convocation career search.
7. This is a clever way to expand your horizons and move to a new location. Business often requires travel and global experiences. Saying you want to start afresh in a new place, an MBA could provide the foundation towards your transition, linking you to potential companies to apply to.
8. People often decide upon an MBA program based on the demographic they are interested in, as well as their ambitions of moving to said location and setting down there. The only point of consideration is the validity of the MBA program in other countries. Several classification bodies that class MBA programs factor international mobility into the quality of the program – the ease of a student in working in another country, disparate from their country of citizenship, as well as the number of collegians who have succeeded in doing so.
9. The more specialised you are, the greater your income potential. MBAs are rewarding programs, the most durable ones leading to a significant salary rise versus other universities training students in the same industrial segment. Post-MBA starting salaries, as well as salary accretion, are two critical scales to look into while reading up on rankings of MBA programs, as well as in the process of appraisal itself.
10. The educational institution where you work towards an MBA is the most pivotal factor towards your success. An MBA is an investment into your future, and outcomes are significantly more favourable at prestigious, high ranking bodies. The FT and Economist publish various rankings.

Best business schools in the world are:

1. Harvard University: Harvard Business School

Location: Cambridge, Massachusetts

Average starting salary: $131,600

Average GMAT score: 725

1. Stanford University: Graduate School of Business

Location: Palo Alto, California

Average starting salary: $133,400

Average GMAT score: 733

1. University of Pennsylvania: The Wharton School

Location: Philadelphia, Pennsylvania

Average starting salary: $127,300

Average GMAT score: 732

1. Massachusetts Institute of Technology: Sloan School of Management

Location: Cambridge, Massachusetts

Average starting salary: $126,300

Average GMAT score: 716

1. University of Chicago: Booth School of Business

Location: Chicago, Illinois

Average starting salary: $125,000

Average GMAT score: 726

Best Schools in Europe:

1. The University of London: London Business School (LBS)

Location: London, England

Average starting salary: $119,200

Average GMAT score: 701

1. INSEAD

Location: Fontainebleau, France

Average starting salary: $94,100

Average GMAT score: 701

1. International Institute for Management Development: IMD

Location: Lausanne, Switzerland

Average starting salary: $102,000

Average GMAT score: 670

1. Oxford University: Saïd Business School

Location: Oxford, UK

Average starting salary: $87,700

Average GMAT score: 690

1. University of Cambridge: Judge Business School

Location: Cambridge, UK

Average starting salary: $108,900

Average GMAT score: 690

The next tier of MBA schools is also excellent.

July 12th, 2017