Executive MBA Programs

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This digital document is an article from Utah Business, published by American Diversified Publishing Company, Inc. on June 1, 2005. The length of the article is 1563 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: From paper to practice: today’s MBAs get real world experience; From business seminars to emphasizing global education, ‘Utah’s MBA and Executive MBA programs are more in line with today’s business community. Colleges across the state are developing innovative ways to better serve both students and the business environment in which they will work.(feature)
Author: Janine S. Creager
Publication: Utah Business (Magazine/Journal)
Date: June 1, 2005
Publisher: American Diversified Publishing Company, Inc.
Volume: 19 Issue: 6 Page: 27(5)

Distributed by Thomson Gale

From paper to practice: today’s MBAs get real world experience; From business seminars to emphasizing global education, ‘Utah’s MBA and Executive MBA programs … An article from: Utah Business

When Kelly Davidson¹ decided she wanted to transition from a career as a high school teacher, she knew she’d have to go back to school to achieve her goal-and it would be costly. She also knew that pursuing a graduate degree would potentially impact her ability to save for retirement, so she met with her Smith Barney Financial Advisor to develop a strategy that would help enable her to return to school in five years.

With time being a key factor, the Advisor suggested that a 529 College Savings Plan-named after the section of the IRS code that authorized their creation-would be the best way to meet Kelly’s education-funding goals. Using the proceeds from a settlement, Kelly set up a 529 plan for herself and launched a systematic investment plan to help her potentially maximize the account’s value. Kelly’s Five Year Plan was well under way, but there was one thing she hadn’t planned for: right before she was slated to return to school, Kelly’s husband, an executive at a multi-national corporation, received a lucrative job offer-in London. Unfortunately, Kelly’s qualifications were not easily transferable, so even if she wanted to continue teaching, she would have to take additional certification courses in England.

Luckily, Kelly had saved for her graduate degree in a 529 account, so she could use the funds at any accredited university in the world. She decided to forgo the additional teachers’ certification courses and apply to business schools instead. Kelly is now pursuing her MBA at the London Business School-one of the top three MBA programs in the world²-and using her 529 plan assets to pay for her tuition and related expenses.

In today’s rapidly globalizing economy, Kelly’s situation is not unique. Each year, thousands of American students either participate in study abroad programs, or enroll full-time in colleges and universities outside of the United States. In fact, according to a recent poll of college-bound students, 55 percent indicated that they are certain or fairly certain they will participate in a study abroad program, and another 26 percent indicated a strong desire to study abroad.³

In response to the high demand, many higher education institutions now offer a number of international learning programs, ranging from semesters at sea to cultural immersion and multi-city programs. However, despite the myriad of international programs available, many students (38 percent) still cite high costs as the top reason for lack of participation in study abroad programs.³ In addition, using financial aid for international studies presents its own challenges: additional eligibility requirements-residency, grades, credit hours, and age, to name a few-must be met, and foreign and US semester schedules differ which can delay loans and other federal aid.

Still, there are options for those who want to finance an education abroad, including 529 College Savings Plans. The plans allow tax-free accumulation of assets and federal tax-free withdrawals for qualified higher education expenses, and the features (flexibility, control, and multiple investment options) which make 529 plans attractive for funding stateside education are also available when the plans are used with accredited foreign institutions.4 

Searching for Eligible Foreign Institutions

Anyone can conduct a search for a particular school, or view a list of all eligible foreign institutions by querying the Federal School Lookup database:

Visit http://www.fafsa.ed.gov/FOTWWebApp/FSLookupServlet Select the school year from the drop down box, and select “Search” from the options available In the state drop-down box, select “Foreign Country” to view all eligible schools in other countries, or if the school is located in Canada, Mexico or any U.S. territory, you can narrow your search by selecting the appropriate country

How It Works

Over 4005 foreign higher education institutions are eligible under the rules permitting federal tax-free withdrawals from a 529 plan. A list of eligible foreign institutions is available in the Federal School Code Lookup database on the Free Application for Federal Student Aid (FAFSA) website.

“The test for any particular school’s inclusion is its eligibility to participate in Title IV federal financial aid programs,” says Joseph Hurley, founder of SavingforCollege.com. “Most degree-granting four-year schools, junior and community colleges, and graduate schools will qualify, as will many proprietary and vocational schools.”

529 Plans Support International Learning: Three Ways to Use 529 Plans Abroad

Is A 529 Plan Right For You?

A 529 savings plan is one of the best tax-advantaged ways to save for higher education-whether you plan to study  in the US or abroad. Most plans offer several asset allocation options, and also allow you to contribute via lump sum or through a systematic investment plan such as a payroll deduction. You should consider investing in a 529 plan if you are:

A parent concerned about the rising costs of college, A grandparent who wants to help save for your grandchildren’s future education expenses A retiree who would like to develop an existing hobby into a serious, full-time interest An “Empty Nester” who is still active in the workforce, but needs to return to school to remain competitive A professional who is considering going back to school to pursue a second degree, change careers, or to enhance your professional skills An adult who wants to help a child in your life- a niece, nephew, or godchild-save for future college expenses

As more higher education institutions implement international programs to address the growing demand, opportunities to study abroad are more available than they were twenty years ago. If you already have an education plan, consider whether studying abroad is an option you’d like to pursue in the future. If you need help developing an education plan, a Financial Advisor can help you get started, and can even customize a proposal based on projected costs at the schools you’re considering.

Whether you plan to study stateside or beyond the country’s borders, one thing is certain: college costs are on the rise, so it’s important to start early. The world is your oyster; take advantage of all it has to offer.  

¹ This name is a pseudonym.  Name similarities to any individual living or deceased are purely coincidental.

² Source: 2008 Global MBA Rankings, Financial Times

³ College-Bound Students’ Interests in Study Abroad and Other International Learning Activities, CollegeBoard.com, January 2008

4 Assets must be used for qualified higher education expenses. However the pursuit of a degree is not a prerequisite for tax-free qualifying withdrawals. Transportation costs are not considered a qualified expense.

5 Search results as of August 15, 2008. Refer to Searching for Eligible Foreign Institutions in this article for search methodology.

Graeme H. Patey is a Financial Advisor with Smith Barney located in Cleveland, Ohio and may be reached at 216-523-3015 and/or graeme.patey@smithbarney.com.

Assets can accumulate and be withdrawn federally tax-free only if they are used to pay for qualified expenses.  Earnings on non-qualified distributions will be subject to income tax and a 10% federal income tax penalty tax.

Please consider the investment objectives, risks, charges and expenses associated with municipal fund securities including 529 Plans before investing. The offering statement contains this and other important information. To obtain an offering statement, please call your Financial Advisor or visit www.smithbarney.com to locate a Financial Advisor in your area. Read the offering statement carefully before investing.

Investments are subject to market risk and may fluctuate in value.

Investors should consider, before investing, whether the investor’s or designated beneficiary’s home state offers any state tax benefit or other benefits that are only available for investments in such state’s qualified tuition program.

Smith Barney does not provide tax or legal advice, and it is important to consult with a tax or legal advisor before investing.

© 2008 Citigroup Global Markets Inc. Member SIPC. Securities are offered through Citigroup Global Markets Inc. Smith Barney is a division and service mark of Citigroup Global Markets Inc. and its affiliates and is used and registered throughout the world. Citi and Citi with Arc Design are trademarks and service marks of Citigroup Inc. and its affiliates, and are used and registered throughout the world. Working WealthSM is a service mark of Citigroup Global Markets Inc. Citigroup Global Markets Inc. and Citibank are affiliated companies under the common control of Citigroup Inc.

INVESTMENT PRODUCTS: NOT FDIC INSURED • NOT GUARANTEED • MAY LOSE VALUE

Just being a graduate in today’s competitive and dynamic business environment is not enough. More and more people are opting for MBA or Masters in Business Administration for their post-graduate plans. MBA programs are being seen as a gateway for all those who want to make it big in the corporate world. Every organization looks for employees who possess managerial know-how and can perform their roles properly. Whether it is a construction company, a consultancy firm, a fashion house or a pharmaceutical company or an MNC, all organizations are in search for well-trained and well-educated personnel who have done an MBA.

An MBA program is vast in its scope of study. One can choose their field of interest amongst a wide variety of subjects like MBA in Marketing, accounts, finance, human relations, economics, business management etc. Management is broadly defined as getting work done through others to achieve organizational goals. Organizations are big and the number of people associated with the organization is also huge, therefore, to study management has become very important to carve your niche in the corporate world.

This growing trend amongst students of rounding off their studies with an MBA degree to find a suitable job has led to opening up of a number of MBA colleges. India has some of the best MBA colleges where one is made to understand each and every aspect related to managing businesses and people. One of the crucial decisions to make is which MBA college to opt for.

There are a number of top Management Schools in India which impart knowledge and provide insight into the corporate world. The knowledge imparted is of international standards, which helps the students to fetch a job in international organizations easily. This is mainly because of globalization that has given way to MNC’s.

The big Indian MBA colleges are Indian Institute of Management, Fore School of Management, Faculty of Management Studies, Indian Institute of Foreign Trade, S.P. Jain Institute of Management to name a few. Apart from these colleges there is a long list of colleges that offer different MBA Programs like MBA in Marketing, MBA in International business etc. Though getting into a top-notch MBA College largely depends on the student’s caliber.

A good MBA college or a executive pgdm is a doorway to many vistas. It is a way to lead you up the ladder of success in the corporate world. One may opt from any of the top-MBA Colleges to have an edge over the others. It is a matter of great pride to see that young students are taking their future seriously and also that the top-MBA colleges are leaving no stone unturned to prepare the students from making a mark in the corporate world.

You’ll feel right at home no matter what corner of the world you’re from. Experience Thunderbird’s student activities, campus setting and international environment where you’ll build lifelong friendships. Thunderbird School of Global Management is regarded as the world’s leading institution in the education of global managers and has operations in the United States, Switzerland, the Czech Republic, Russia, Mexico, Central and South America and China. Ranked No. 1 Full-Time MBA in international business by The Wall Street Journal and US News and World Report, Thunderbird is committed to producing global leaders who contribute to sustainable prosperity worldwide. Thunderbird has several global business programs to meet your educational goals, career objectives and your schedule. Visit the website at www.thunderbird.edu to learn more about: full-time degree programs, distance learning degrees, executive MBA programs, and open enrollment courses.

The National University of Singapore (NUS), founded in 1980 by a merger of the University of Singapore (founded in 1962) and Nanyang University (founded in 1956),  offers the best environment and training to all its undergraduate and postgraduate students. Every year the university invites applications to its graduate programs and offers attractive research scholarships to graduate program candidates.

Today NUS is the largest university in Singapore. It has a student population of over 32,000 students, of which over 9,000 are graduate students.

The university offers a variety of undergraduate courses such as Law, Engineering, Bioengineering, Architecture, Business Administration, Computing, Dentistry, Industrial Design, Medicine, Nursing, Music, Science and so on. Students may opt for a double degree program such as Business Administration and Law, Economics and Law, Law and life Sciences, Computer Science and Mathematics, Law and Politics.

University Ranking Information:

National University of Singapore (NUS) is ranked 33 in the Times Higher Education Supplement’s World University Rankings 2007.

According to the Financial Times (FT) 2006 EMBA ranking of the Top 85 EMBA programs, NUS Business School rises in rankings for Executive MBA programs to be among world’s Top 29.

NUS Business School did extremely well in two of the sub-categories - it came out Top 5 for the categories of ‘International Attendees’, and ‘Top Salaries in IT/ Telecommunications’.

According to the THES 2006 World Ranking in the field of technology, NUS Faculty of Engineering ranked Number 8 in the World’s top 100 in Technology

According to the Newsweek Ranking of Global University, NUS is ranked 36th in the top 100 universities.

For more information on the latest university rankings (Australia, Canada, UK, USA and the world), please visit the Good University Ranking Guide and World Ranking Guide.

Singapore is slowly becoming one of the most sought after destinations for higher education in the world. When it comes to  business management courses Singapore is second to none. It boasts of having some brilliant institutions and colleges that offers MBA programs to prepare excellent market leaders. Students passing out from these institutions find ready employment all around the world. This has made sure that MBA Singapore has become one of the buzz words when it comes to a management degree globally.

Singapore by it’s nature has been one of the global financial hubs and it reflects in the MBA degree that are offered by institutes in this highly cosmopolitan country. The MBA programs offered in some renowned institutes of Singapore are placed in a highly internationalized. MBA Singapore includes broad spectrum of managing courses right from MBA Finance to MBA Marketing. MBA institutes in Singapore adopt best educational practices constantly upgrading their MBA program to be in tune with the global economy.

Some of the most reputed institutes offering MBA degrees in Singapore are:

·  Singapore Management University
·  NUS Business School
·  Nanyang Business School
·  The Hemsdale Management School
·  Shines Institute
·  Management Development Institute of Singapore
·  Singapore Institute of Commerce
·  INSEAD Business School
·  United World School of Business
·  SP Jain Center of Management
·  Amity Global Business School
·  EASB Institute of Management
·  The University of Chicago

An MBA in Singapore also gives the students with an opportunity to find employment with the leading business and financial houses in the world. Most of the institutes make sure that their students regularly interact with the industry leaders and know about the untold stories of the business world. This is a huge advantage that the students get with an MBA Singapore degree as it is not possible to have the experience studying in some remote corner of the world with no access to the industry.

The advantages of opting for an MBA in Singapore are:

·    Singapore boasts of having some of the best B Schools in the entire Asia Pacific region. These institutes draw faculty from all parts of the world.
·    The top notch MBA institutions in Singapore require certain bit of work experience from applicants. This ensures that in-intake comprises of experienced executives adding value to the study group.
·    Most B Schools in Singapore have tie-up with renowned foreign universities in the world and conduct quality student exchange program which serve as great learning experience for the students.
·    The cost of doing an business management course is relatively cheaper than many other countries on the western hemisphere. The quality of education also being higher in Singapore than these nations serves as a huge advantage.
·    An <a rel=”nofollow” onclick=”javascript:pageTracker._trackPageview(‘/outgoing/article_exit_link’);” href=http://www.unitedworld.in/singaporeampus.html>MBA in Singapore</a> would involve studying with students from different nations of the world. There is a great advantage of learning about the different cultures which is an added advantage in today’s global business scenario.
·    Singapore also serves a great place to find employment with all the leading organizations in the world having their offices to serve the Asia Pacific region.
·    The Singapore government ensures full safety and security towards all the foreign students with zero tolerance in crime against the foreign students.

Singapore thus serves as an ideal destination for people planning to pursue management course. It is an window for scaling the corporate ladder.

Part of our DNA since 1946, Thunderbird is committed to educating global business leaders who will make a positive impact on the world. At Thunderbird, students establish universal values no matter where they’re from. Thunderbird School of Global Management is regarded as the world’s leading institution in the education of global managers and has operations in the United States, Switzerland, the Czech Republic, Russia, Mexico, Central and South America and China. Ranked No. 1 Full-Time MBA in international business by The Wall Street Journal and US News and World Report, Thunderbird is committed to producing global leaders who contribute to sustainable prosperity worldwide. Thunderbird has several global business programs to meet your educational goals, career objectives and your schedule. Visit the website at www.thunderbird.edu to learn more about: full-time degree programs, distance learning degrees, executive MBA programs, and open enrollment courses.

The management degree has become the preferred choice of graduates who wish to join the corporate sector in India. Almost every graduate is looking for a career in this sector and since this degree promises to be the gateway, it is much sought after. Both professionals and fresh graduates are interested in this degree. Many management colleges are randomly mushrooming in India and every college is claiming that it is the best. There are many options today. Hence students are confused about where they ought to go and how to choose the proper MBA programme in India.

To choose the correct MBA programme in India you should take care of certain facts like the accreditation of the institute as this determines whether your degree will be valid or not. Location, infrastructure and placement are also important factors to be considered before choosing an MBA programme in India. Enrolling in an MBA programme in India involves a lot of money. Hence, it is very important that you do your research before investing your money.

Also find out details about the course you want to pursue. There are specializations like:

* Finance
* Human resources
* Marketing
* Healthcare
* Services
* Systems
* Operations
* Hospitality
* Advertising

Each specification leads to a career in that field. An MBA in finance is a demanding course of study. But this field always has many job openings and gives you a respectable career. You can work as an analyst or even join the finance department of organizations.

An MBA in marketing is also equally demanding and this gives you a promising career. If you are an extrovert by nature then it is the right field for you. You can start working as a marketing executive then move on to the higher positions.

An MBA in human resources can give you the some of the best of the jobs available in the market. Every company has a human resource wing and a degree in human resources can give you a direct entry in this domain.

There are other specializations to look out for as everyday the market is changing and it is very important to keep up with it. Not every college offers the contemporary courses that lead to the most lucrative jobs.

Amongst institutes that offer industry oriented management programs, GICE is one of the good ones.

A global mindset and learning network sets us worlds apart from other schools. Learn how Thunderbird prepares students to become citizens of the world. Thunderbird School of Global Management is regarded as the world’s leading institution in the education of global managers and has operations in the United States, Switzerland, the Czech Republic, Russia, Mexico, Central and South America and China. Ranked No. 1 Full-Time MBA in international business by The Wall Street Journal and US News and World Report, Thunderbird is committed to producing global leaders who contribute to sustainable prosperity worldwide. Thunderbird has several global business programs to meet your educational goals, career objectives and your schedule. Visit the website at www.thunderbird.edu to learn more about: full-time degree programs, distance learning degrees, executive MBA programs, and open enrollment courses.

An MBA degree holder or a business leader? Who makes better managers? The debate continues furiously. Both have their own value. But above all these debates MBA stands out with its own charm. MBA i.e. Master of Business Administration makes you much more valuable to the employer of an organization. The tag MBA makes you different from the other degree holders. Then why not have an MBA degree? You might think that many of your friends despite not having an MBA degree are getting good jobs with high salary. You might also get upset thinking that you being an MBA and another being a non MBA are all the same. But hang on! That’s not true!

Basically MBA is an enhancement of managerial skills and professionalism. MBA is not must but it it’s an added asset to your career. It adds an extra edge to your career and at the same time boosts your career prospects. So if you are looking forward to give a good boost to your career then MBA is just for you. If you’re looking to become more marketable in the business field, or if you’re seeking to specialize in an area such as marketing or finance, then MBA is must for you.

You might be wondering about the advantages of the degree. Today’s market place has become more complex. So they need good employees who can balance the situation of the organization and handle the managerial positions. All these require an advanced level of knowledge and skills.

MBA is considered as one of the best professional course as it gives class room training as well as industrial exposure. It has a great deal of interesting material to absorb. Generally industrial houses, manufacturing companies, business corporations, multinational companies, export or trading companies, banks and financial institutions, marketing organizations and public sector enterprises mostly prefer and recruit MBAs for all their management positions.

All such recruitments demand an MBA degree from good institutes. Reputed B-Schools in India like MBA in Ahmedabad, Pune and Kolkata etc… are always preferred. The course duration of 2 years becomes the most important phase of your life. Initially you might feel that the entire thing is not so cost friendly but after you get into the thing all the positive aspects outshines the other factors and you will surely get back the worth of your money!!!