A Masters of Business Administration or MBA, is one of the more highly sought degrees in the world. When brought down to its vital core, the MBA's true benefit lies in 3 areas: relationship development, educational value and access to opportunity.
Who can apply for MBA?
It is a myth that you need to have an Undergraduate degree in Business to apply for MBA. You can be a graduate in any discipline to do so. In fact, most colleges prefer a good mix of different degrees as the primary methodology of teaching is via test cases where different perspectives go a long way to aid wholesome learning.
What competencies does an MBA student require?
While aspirants joining business school have various skill sets, all students require at least a basic amount of proficiency in particular areas. These include quantitative skills, interpersonal and communication skills as well as basic technical skills. Most B-Schools require a GMAT Score as a perquisite to admission.
Choosing a B-School
Selecting a B-School to get your MBA Degree is very important. So how does one go about it? To do so, you can choose to visit the school, talk to alumni and to current students, do some independent research, and request the institution's promotional materials besides studying their web site. Reading about the previous year’s placement record also helps. However, before you delve into this research, it is vital that you put a great deal of thought into why you want an MBA.
A “The Best B-Schools” ranking by various bodies only stresses the fact that the school where you study does really matter. Such schools as Harvard, Yale, the Massachusetts Institute of Technology (MIT), Wharton, Northwestern and Stanford, all have immense brand name significance. Getting an MBA Degree from a good B-school will proportionately increase your chances of being hired at good organizations with substantial remuneration.
Accounting, marketing, economics, statistics, organizational behavior, finance and operations management form the primary business disciplines. These are covered by most MBA Programs as part of core group of subjects. Further subjects are included as part of MBA Major. These comprise specialization subjects in the area of Marketing, Finance, HR, IT and other disciplines.
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