Why do you need to get an MBA?
- Career Advancements
- Will Make Money
- Win Employer Support
- Form Your Own Business
- Advance Your Business Skills
- Exciting Career Fields
- Expand Your Web
Steps To Prepare For MBA-Degree
STEP 1: Build an amazing work experience:
Though you’ve already got your Under Graduation degree, approaching for an MBA asks you to be good in the current work you’re assigned with. B-schools expect the students to have a good working history. So excel yourself in the work you’re currently doing,
STEP 2: Investigate your choices:
B-schools have come up with numerous MBA Program in the current year. Right from academic importance to delivery formats, all of them are not designed equally. I foyu are an international student, go through tips for getting through an MBA program thoroughly.
STEP 3: Apply for GMAT :
Popular schools ask applicants to submit their GMAT scores along with sample for studies. It’s basically divided into four-part which includes quantitative, analytical writing, integrated and verbal reasoning skills.
STEP 4: Optional (Refer #1) :
A lot of certified schools do not only asks for your GMAT score. They think GMAT is not always a clear predictor of your academic achievement. B-schools are analyzing your previous work history and educational background.
TYPES OF MBA PROGRAM :
B-schools have a lot of schemes planned according to working professionals. Acknowledge your circumstances and preferences to see which type of program is convenient for you:
- FULL-TIME MBA: 2 years
Prepared to consign? People find two years of on-site, concentrated studies as more helpful. There’s a lot of chance to make connections with peers and professors of your college which helps you further on.
- PART-TIME MBA: 3-5 years
This is the best option if you can’t shrug off your work and your family. It won’t make much difference in your education. You and your batchmates will be in the same boat even if you make this your choice. And doing a job while you attend your classes acts like a cherry on the top.
- PART-TIME ONLINE: 3-5 years
If you’re a resident of West and you want to boost up your prestige and resume like East people, studying online may be an ideal option for you. At Maryville’s Online MBA program studying along with a group of students from across the country is fun while you interact with world class peer crowd and submit and complete assignments at your convenience.
- ACCELERATED MBA: 12-18 months
Though it’s a quick-paced setup, this degree provides you material of two-year course. People come with a great knowledge of businesses and schedule which helps you to focus only on studies. In spite of being a rigorous format, graduate reflects that this is very efficient as far as material and students are concerned.
EVENING/EXECUTIVE MBA: 2 years
This format seeks for your past working experience. If you’ve worked as the mid-to-senior level manager with a good business experience, this format is for you. This degree emphasizes your decision-making, leadership, and strategic skills.
5 FACTORS TO CONSIDER FOR AN MBA DEGREE PROGRAM:-
- MBA Degree Program Accreditation:
It’s important that Business school you choose has earned regional or national accreditation. Outside agencies evaluate the standard and quality of schools. Beyond approval, accreditation affects your bottom line. Students are granted loans and grants according to accreditation.
- MBA Degree Program Rankings:
Before prioritizing schools according to your preferences, know which standards every list-makers uses.
According to the World Report 2015 and US News Report: MBA Degree program for traditional and online MBA Degree was:
- Student engagement
- Admissions selectivity
- Faculty credentials
- Peer reputation
Bloomberg Business week ranks schools twice a year by following criteria:
- Intellectual capital(10%)
- Employers survey(45%)
- Students survey(45%)
The Economist surveys in two parts. They survey the current students and graduates taking it as 20%, and the other part is completed by schools which is 80%.
- MBA Degree Faculty Credentials :
While checking for the degree, check the bios of professors on the school’s website. What degrees do they hold? Do they have working experience with subjects they teach?
- MBA Degree Student Support Systems :
As you go through the status of schools, also see the student facilities school provides you. Be updated by the recruiters for fair job and networking opportunities. Go through the statistics of graduates and alumni they gave in a particular field.
- Other MBA Degree Students :
Before you enroll, make sure the surrounding of your school is a good cultural and professional one. Look for a good alumni network which helps you in getting connected to a lot of firms. Business school is one of the best places for networks. So choose one wisely for yourself.
MBA DEGREE COSTS:
Cost of studying MBA varies from college to college. Tuition ranges from $95000 at University of North Carolina’s top-ranked school to less than $15000 at West Texas A&M University. At some schools online costs more and at some places attending classes costs more. Some schools charge equally for both online and offline courses. Calculate all the fees they include along with tuition fees. Every school mentions their fees structure on its official website. Research properly before you enroll.
PAYING FOR MBA DEGREE:
Thousands of people along with you are pondering the same question somewhere. You aren’t alone searching for this answer. Below are listed down some ways to fund your education :
- Federal Student Aid for Graduate Students :
It’s a free tool for the student by US Department of Education which takes an average of 17 minutes to fill up a form.
To be eligible for FAFSA you must be enrolled in a suitable program at least half-time. You should be a green card holder revealing your economic needs as an eligible outsider. There are a lot of ways to pay them back. Private lenders do not provide you with such flexible terms.
- Scholarships And Grants:
Do not depend on FAFSA entirely. Depending on your background and finances, you may qualify a grant or scholarships to fund your education. This form of aiding your education doesn’t need to be repaid. Scholarships are basically meant for specific fields of study or academics and grants are completely need-based. Start researching in every possible place you can because the government has thousands of scholarships for graduate students.