Get your goals. Research schools. Evaluate your qualifications. Those are the steps that you should do early in your MBA application process. And early is now. This video explores what you should look at when researching top MBA programs to determine the top graduate business school for you.
MBA Podcaster is your online source for information, insight, and advice on the MBA admissions process. We deliver relevant information and advice through biweekly audio and video segments for those planning to apply for a Master in Business Administration. Topics include strategies for writing MBA essays, preparing for the MBA interview, GMAT prep, MBA careers, business school rankings, MBA courses, the online MBA, Executive MBA programs, MBA scholarships, post-MBA job opportunities and current market trends.
UNC’s Kenan-Flagler Business School MBA for Executives Programs Preview Qualities of Successful Applicants Penny Oslund Executive Director Executive MBA Programs David Ravenscraft Finance Professor
I am 23 years old and about to graduate with a finance degree from College. I knew, going into the program that I would NEVER EVER work in finance (I suck at mathematics), but my father said I must study finance for something practical but, after that, he would pay for me to study whatever subject that I want at the postgraduate level.
Now, is time to apply, but I don’t know what to study:
1. MBA Programs – lower-tier programs, not Harvard-type, so that I could work as a Mitt Romney-type business executive; or I was thinking about teaching business at the college level, for which MBA is prerequisite.
2. Journalism Programs – both master’s and college diploma programs. To work as a journalist, but competition is stiff – to be honest I just want to be famous.
3. Teacher’s College. Teach high school business studies.
4. Lastly, even though I am not applying for a Poli Sci program, I would like to enter politics one day.
All three of these pull at certain parts of my personality. I don’t know what to do.
PLEASE HELP ME!!!
Want to get ahead in business? An education may be on your horizon. Whether you’re interested in sales, marketing, entrepreneurship, managerial positions, or another focus entirely, formal training in business has you covered.
The business world is vast, which means you can find a niche that interests you. A business degree can help you find a stable career that might just reward your knowledge and experience with a six-figure salary. A business degree can help get you on your way, whether you’re looking to strike out on your own or join the ranks of a Fortune 500 company.
Education Necessary in the Business World
While entry-level sales jobs and small-business management positions may be possible for those with a high school diploma, working your way up in the business world may require formal training. Hiring managers for competitive positions often look for at least a bachelor’s degree from potential employees. Upper-level management may require a master’s degree such as an MBA.
The MBA: Business’ Gold Standard
The master’s of business administration degree offers a close look at a varied range of business. If you’re looking for a way to deepen your existing knowledge and experience in the business world, an MBA may be just what you’re looking for.
Typical specialization within the degree includes accounting, economics, entrepreneurship, finance, management, human resources, international business, marketing, information systems, telecommunication, and more. Some schools offer even more specialized concentrations, such as consulting, sports management, or real estate.
Typical Salaries Across Business
Salaries in the business realm are as varied as industry itself. However, here are a few salaries from popular sales jobs in the business world. Mean annual salaries are based on 2007 numbers provided by the Bureau of Labor Statistics.
• Advertising sales agents: $52,290
• Real estate brokers: $79,800
• Travel agents: $32,190
• Sales employee supervisors: $78,170
For operations managers, accuracy and common sense are essential strengths. Here are a few typical salaries for popular operations specialties.
• Financial managers: $106,200
• Purchasing managers: $90,430
• Human Resources managers: $99,810
The view from the top is an enviable one: high salaries and travel benefits are just a few of the perks for top executives. Check out mean annual salaries for chief executives in some of business’ most lucrative fields.
• Securities and commodity contracts intermediation and brokerage: $196,450
• Depository credit intermediation: $155,760
• Elementary and secondary schools: $117,010
• Management of companies and enterprises: $174,560
Big Business Benefits from Education
The training you receive in a business degree program can benefit you through your entire career. Hiring managers often prefer or require formal training, particularly for chief executive officers and other high-level managers.
Working your way up in business requires grit, determination, and willingness to work long hours. If you’re up for the challenge, training can provide the knowledge to pair with your passion. Whether you want to go international with your business knowledge or start a company close to home, a college education can get you there.
Kelli Smith is the senior editor for www.Edu411.org. Edu411.org lists colleges and career institutes that offer training and programs for careers in business. Schools listed offer free information packages or academic consultation.
So looking for a job post in a managerial or executive level? An MBA degree might be of your help! The job prospect for an MBA student is probably better than for any other career. An MBA degree holder ends up having enough knowledge in theory and practice of business management. Industrial houses, manufacturing companies, MNCs etc. mostly recruit MBAs for all their management positions. A better job with good salary boosts up your lifestyle and makes easier for you to live like a snob!
But having the degree from a reputed institute is also very important. There are good schools of MBA in Ahmadabad, Pune, Mumbai and West Bengal. All you need to do is choose the right institute, study well and fetch yourself an MBA degree. While going through the course in any of the reputed B-schools you must have taken a specialization of your choice. The job prospect depends on what specialization you have. Mostly MBA grads work in the field of
finance,
general management, human resource, marketing and sales Finance:
Generally banks, financial institutions, MNCs, etc prefers students having MBA degree from top B-schools in India. Such recruitments are done so that the candidates can deal with the the company’s financial potential, growth prospect, budget analysis, share market volatility and its impact on the market. Companies expect that the students will come up with vivid ideas and will be able to handle different situations of the company.
General management:
Corporate organization, multinationals prefers recruiting MBA people to handle all the management positions.
Human resource:
One of the most lucrative job offers is the job of a HR. An MBA grad, as a HR professional, can work in any sector. You have better chance to choose your field in either general HR or HR for recruitment depending on your area of interest and potentiality. An HR gets to develop, advice on and implement policies relating to the effective use of personnel within an organization.
Marketing
Marketing executives are required in an organization to handle the fields like planning, advertising, promotion, public/media relations, product development, distribution, sponsorship, and research. Such roles are really challenging, varied and exciting.
Sales
Organizations hire sales executives to increase and develop sales in different areas. Areas like Fast moving consumer goods (FMCG), consumer durables, industrial supplies, IT, software and media and services hire candidates with an MBA degree for there sales purpose. The role of the sales executives also ensures commercial success of UK and overseas market.
So which field should you take up? Confused? Ya! It does become tough when you need to choose any one from so many lucrative job offers. But you need to focus on your path. An MBA degree with any specialization has its own value.
Unitedworld School of Business is one of the best B-schools in India. It offers MBA in Ahmedabad, Kolkata and Mumbai. This B school provides 1 Year and 2 Year full-time MBA programs with India?s first multilayer placement cell.
An MBA is a professional degree that opens various doors of opportunities into highly-sought-after positions in consulting, investment banking, venture capital and other areas. In the time span of two years or less, an MBA course makes you well-versed in areas such as finance, management, marketing, human resource management, Operations, strategy etc.
But there are many specialization and several classes of Institutions, inside the country or abroad – option are many and confusions are many fold. So let’s move with us to remove the layers of confusion.
Who can go for an MBA?
Students – Any graduate can go for this more market-worthy qualification.
Working Executives – An already employed person who wants to move up in his/her career, those who simply want to increase their pay packets, enhance knowledge in managerial domains, make a mid career change or to attain greater job mobility.
Entrepreneurs & business heirs – An entrepreneur or business heir moves towards an MBA to acquire the knowledge that could help him to create, sustain and spread his business empire.
Available Program Options:
Full Time MBA Part Time MBA Executive MBA
Each of these program options possesses their own benefits and drawbacks and selection of a particular program depends on the individual. The executive
program is best suited for those applicants who have more senior level work experience.
Admission Process- Various Management Exams in India:
To get admission at a reputed B-School, you need to perform well in the management entrance tests like Common Admission Test (CAT) conducted by the
Indian Institutes of Management, XAT conducted by XLRI Jamshedpur, IIFT admission test, admission test for FMS Delhi, MAT conducted by AIMA, SNAP Test by
Symbiosis, Pune NMAT by AIMA for NMIMS Mumbai and relevant state level common entrance test for business schools in various states.
How to select a B- school:
There are several classes of Institutions, inside the country or abroad – options are many and the task of selecting a right management institute becomes quite
difficult for a student. Although a lot of surveys and rankings are published throughout the year but theses surveys and rankings more or less creates
confusion in the minds of students. A student should judge an institute on his own predefined criteria. According to us, following are the most important
factors that should be considered while selecting a management institute:
Image of the Institute Placements Faculty members Infrastructure Quality of students Corporate and Industrial linkage and association Location
Read More www.admissionsupport.com
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To be a better communicator, avoid these things:
1. Rushing to judgments, evaluations, conclusions. Instead, start with the facts. What did you observe? Describe what you saw or heard in this situation.
2. Being critical, blaming, accusatory, inflammatory. We know how we react to these things, so how come we dish them out so readily? If you must point out some flaw in the other person or their ideas, etc., first try to establish some rapport. Also ask if they want some critical feedback now?
3. Being judgmental. You must make good judgments about the situations you face. But you need to share these judgments in a non-judgmental fashion. What does that mean? It means you do not put the other person down and make them feel bad or wrong as a person. Their viewpoint may be incorrect, but make sure you communicate that they are still worthwhile as a person.
4. Jumping right in with your judgments. Make sure they give you permission to discuss this now. Even if you are their boss, you want them to be ready and emotionally prepared to discuss your criticism. Maybe a later time will work better for them.
5. Expressing too much anger. If you are very angry, take some time to cool off. Literally, take a walk, or even, wait a day. Exploding with anger is one of the most common mistakes of leaders. Today’s pressures are making this happen more often. But the bad consequences are many: People react with their own aggression, or they become passive and will look for ways to get back at you later on. If those above you get wind of this, they downgrade their opinion of you. One of the most common assignments given to executive coaches is to help an executive manage their anger better.
6. Making the other person feel guilty. This may seem to work. They do what you want them to because you made them feel guilty. But they will make you pay for this later on. For example, they will hide their mistakes better in the future. They will build up resentment and possibly bad mouth you to others.
Avoid these things and instead do what I have suggested and you will communicate much better so that your work and relationships will prosper.
Copyright 2010, by William R. Murray, President of Eagle Alliance Executive Coaching, LLC. Reprint rights granted to all venues so long as this article and by-line are printed intact with all links made live.
William R. Murray, MBA (Harvard), M.Div. (Yale), Master Certified Coach, is the founder of Eagle Alliance Executive Coaching, LLC in 1993, http://www.EagleAlliance.com, offering Virtual Workshops, Self-Study Programs, Leadership Coaching.
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MBA is one of the most prestigious degrees due to the value it adds to people in administration and business. This degree holds special significance for those serving in managerial and executive positions.
Although almost every country has institutions that offer MBA programs, an MBA degree from a US institution is given special status. This becomes even more evident if a student has pursued a course from Colorado MBA programs. That is the reason why many students from different countries come to the U.S to pursue a degree in MBA.
MBA stands for Masters of Business Administration. It is a course in business communication and is pursued after graduation. An MBA program comes along with the following benefits:
1. Business Awareness
An MBA program will provide you with precious knowledge concerning businesses and make you familiar with every aspect of it. A student undergoes a mandatory training and internship which exposes him to business strategies and concepts in the real lie and not just on paper.
2. Leadership Skills
This degree equips a student with the abilities to handle real-life business situations. The constant focus of an MBA degree revolves around assignments, training, reports, group projects and presentations which inculcate leadership skills.
3. Networking
Most MBA students are of the view that their interaction with fellow MBA students and the association they created was one of the most valuable take aways from the program. These associations are deemed as invaluable and are looked upon even years after completing the course.
The Importance of Ethics
Ethics form the core of every business practice. It therefore becomes essential to choose an institution with high values and constant focus on teaching ethics. Before applying, it is a good idea to research about the institution and the prevailing teaching ethics. Some of the ethics that a student should look out for are:
1. Knowledgeable Staff
A teacher, especially the one concerned with an MBA program should have high knowledge about the subject matter and should always make certain that the current curriculum is relevant, up-to-date and in accordance with the demands of the course
2. Teaching Competence
A teacher should convey the objectives of the course to the students and should be aware of different strategies and methods of teaching. He should be able to clearly define the method best suited for a student or the subject involved.
3. Development of the Students
The primary responsibility of a teacher is to contribute towards the intellectual development of a student. The teacher should make sure that the student understands his subject and is gaining command over it.
4. Total Confidentiality
Attendance records, Grades and other private communications are kept confidential and are released only after the consent of the concerned student. They are released only for purposes which are legitimate in the eyes of the student and governing body.
5. Peer Respect
A good institution would always foster a feeling of mutual respect among students. This is necessary for building the social skills of the students. It also promotes a healthy environment which is suitable for studying.
Value of MBA
Even though an MBA degree is much sought after, it value is in accordance with the reputation of the concerned institution. Pursuing a course from a revered institution is most likely to fetch a student his dream job and career as compared to a lower ranked one. The US, especially the Colorado region has many colleges which offer MBA programs. Most of the colorado MBA programs are a unanimous choice among students as one of the best programs offering comprehensive knowledge in business administration and more.
MBA is a highly valued degree which focuses on imparting business knowledge to a student. Colorado Christian University is one of the most respected and well known institutes in the US which offers the best colorado mba programs. colorado MBA will develop your business acumen and is sure to propel you to your dream job.
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Monica Mandelli holds a Harvard MBA degree and is currently a Managing Director at Goldman Sachs. She gives a keynote speech on leadership at Womensphere Emerging Leaders Global Summit. Learn how networking, maximizing what’s in your control, and self-assessment will help you to become a successful leader. – Monica Mandelli, Managing Director, Goldman Sachs, HarvardMBA About: MBA Podcaster is your online source for information, insight, and advice on the MBA admissions process. We deliver relevant information and advice through biweekly audio and video segments for those planning to apply for a Master in Business Administration. Topics include strategies for writing MBA essays, preparing for the MBA interview, GMAT prep, MBA careers, business school rankings, MBA courses, the online MBA, Executive MBA programs, MBA scholarships, post-MBA job opportunities and current market trends.