Why do an MBA?
Everyone has their own perspective of doing an MBA. However the most sort after reasons to do an MBA are:
- Improve your chances and future earnings.
- Build a strong network of contacts (fellow students, alumni, guest speakers) who will be a huge help throughout your career path.
- Develop new skills in addition to knowledge.
- A comprehensive outlook on the business world.
Which type of MBA should I choose?
MBA programs are spread over a plenty of platforms .Below are some of the MBA programs offered by different universities in different parts of the world:
- Two Year Full-time MBA: This program takes place over two academic years. Students enrolled in this program come with a reasonable amount of real work experience. A typical full-time requires 60 Credits to be completed. Universities in the US like that of Harvard, Stanford, Wharton, Colgate, Booth, MIT Sloan run full time two years programs.
- One Year: In countries like Europe, One year MBA program is more common than the regular two-year program. Cass Business School, Warwick Business School, Lancaster University Management School in the UK; INSEAD Business School and IE Business School in Spain; Bocconi University in Italy all offer one year MBA program. US schools falling in the category of shorter MBA programs include Cornell University’s Johnson School of Business, Thunderbird School of Global Management, Kellogg, Emory University’s Goizueta School, USC Marshall and Boston University, among others. The one-year program gives an accelerated option for students who have clear career goals and who are in a hurry to grow in the corporate world.
- Part Time: Part-time MBA is designed for leaders who want to push their professional development without putting their careers on hold. It helps working professionals seeking advanced business knowledge needed to progress within their current field or industry. Universities offering part time MBA are NYU Stern, US; NUS Business School, Singapore; London Business School, etc.
- Executive MBA: EMBA just like the Part time MBA helps the experienced professionals seeking advanced business knowledge to climb up their career. EMBA was first introduced by University of Chicago. The difference between the program lies in the candidatures profile. A part time MBA will be taken up by candidates who want to advance further in their current organization. These candidates would need an agreement from their employees to let them take some time off from work. On the other hand, Executive MBA is taken up by high caliber managers who have a global experience. Top universities offering Executive MBA program are University of Pennsylvania: Wharton Executive MBA; Northwestern University: The Kellogg Executive MBA Program; MBA University of Chicago: Chicago Booth Executive; London Business School: London Business School Executive MBA, etc.