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Title:ForeignMBA.com | the online community for international MBAs
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ForeignMBA.com | the online community for international MBAs
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Is business school the new design school?
People are often surprised when they hear that I earned my master of business administration degree, or MBA, as a side-hobby while I was a tenured professor at MIT. Even MIT聮s human resources department was perplexed that I聮 #8217;d want to apply for the employee benefit to partially support my tuition costs. My motivation to do so was simple: I聮d spent most of my life in the research world interacting with corporations during my years at the Media Lab, but...
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3 Ways International Students Can Strengthen U.S. MBA Applications...
The U.S. is a popular destination for those from around the globe who want to pursue higher education, and prospective business school students are helping lead the trend of studying in the U.S. Fifty-two percent of prospective students for graduate business programs attempted to study outside their country of citizenship, up from 40 percent in 2010, according to the most recent data from the Graduate Management Admission Council. This growth is seen mostly among Asia-Pacific and Middle Eastern citizens, the report states, and the U.S. is the top region of choice. #8220;Schools want diversity in their programs. You want people from all different places, #8221; says Erin Town, director of MBA admissions at University of Washington #8217;s Foster School of Business. With such a strong interest in U.S. MBA programs from overseas candidates, getting into school is often a competitive process for international applicants. Business school admissions experts offered these three tips to help prospective students improve their chances of getting accepted. 1. Connect with current students: Prospective MBA candidates interested in Foster, which typically has between 30 and 35 percent of full-time MBA students who are international, should try to speak with current students from a similar background, says Town. #8220;If you can talk with someone who #8217;s from your home country and get a feel for their experience here, what they like about the program, how they #8217;re spending their time, #8221; and then mention the conversation in an application, she says, #8220;that really impresses us and shows us they #8217;re very interested in Foster. #8221; When 30-year-old Ting Tseng was applying to business school, speaking with students helped her decide which program to attend. #8220;I talked to several Foster alumni, and they were all very helpful and willing to share, #8221; says Tseng, a...
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6 Factors for Prospective International MBA Students to Weigh...
Currently there are more than 450 institutions offering MBA programs in the U.S., with dozens of different concentrations. An MBA degree from an accredited university is one of the most prestigious and recognizable business degrees at the master #8217;s level. Since courses are very diverse and focus on various topics, it offers a wide range of career opportunities. The process of choosing an MBA program can be daunting, especially if you are an international student. Researching your options and getting a grip on what preparations to take is big task. Here are some factors to consider as you start this process to help you make the best decision. 1. Accreditation: It might not be first on your list but it is an important factor: Choose an institution that is accredited. This is a good way to make sure the institution you are researching offers a qualitatively sound program. The number of institutions offering MBA programs is rising, especially online options, but this doesn #8217;t mean that every institution offers you the same value for your money. Since an MBA is a big investment, you want to make sure that you get the best value for your money. Accreditation from the Association to Advance Collegiate Schools of Business International tends to be most prevalent among U.S. programs. 2. Requirements: While looking at various MBA programs you want to get a clear picture of the requirements. What tests do you have to take? Is an essay or an interview a requirement? Will references help your acceptance? Every program has different types of requirements or requires different test scores to be accepted. You want to make sure that you know what to expect and that you take the appropriate amount of time to prepare...
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New Loan Available for International Students Doing Their MBA in the US...
Prodigy Finance has launched a new loan scheme for international students who are doing their MBA in the US. The loans will be available for international students at 15 business schools, including the University of Virginia #8217;s Darden School of Business, Harvard Business School, and MIT Sloan School of Management, among others. (See a complete list of business schools below.) The loans are capped at the cost of tuition, and can only be used for tuition. Foreign full-time MBA students are eligible to apply, while US citizens and permanent residents are ineligible. Many banks don #8217;t lend to students who are studying internationally. To fill this need, Prodigy Finance uses a #8220;community finance #8221; model, by which alumni help fund loans that are intended for current students. Loan recipients pay interest of between 6 and 12 percent, depending on their profile and current Libor rates, which means that the alumni providing the money receive a return on their investment. Terms vary by business school. Since launching in 2007, Prodigy Finance has distributed around $50 million to some 1,300 students. It provides loan schemes to students doing their MBAs at business schools all over the world, including Germany #8217;s ESMT, France #8217;s HEC Paris, Singapore #8217;s NUS Business School, and the UK #8217;s Oxford University Said Business Schools, among others. In the US pilot program, loans are available for international students doing their MBAs at the following business schools: Carnegie Mellon University #8211; Tepper School of Business Cornell University #8211; Johnson Graduate School of Management Dartmouth College 聳 Tuck School of Business Georgetown University #8211; McDonough School of Business Harvard Business School MIT #8211; Sloan School of Management New York University #8211; Stern School of Business Northwestern University #8211; Kellogg School of Management UCLA #8211; Anderson School...
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The Ultimate Guide To Applying To Business School...
If you聮ve clicked on this article, you聮ve probably decided it聮s time to get serious about applying to business school. I won聮t sugar coat it: The admissions process is hard and does take a fair amount of time. But you can definitely be successful and get into your dream school, as long as you take all of the right steps and plan out your time. I聮ve written a lot on getting through this process, so I聮ve gathered some of my best advice here into an ultimate guide to MBA admissions, walking you through everything from picking which schools to apply for to making your final decision once the acceptance letters start rolling in. 1. Take the GMAT Unfortunately, there聮s no way around this one聴the GMAT is required for nearly every program out there. Signing up for a test date is the only way I was able to push myself to study, so I聮d recommend picking a date and going for it. Once you聮ve signed up, follow my plan for picking a study strategy, actually making time to practice, and getting yourself to test day in the best shape possible. Depending on your background and your goal score, you can plan to study for roughly 8-10 weeks before the test. 2. Pick Your Schools Deciding where to apply to school can be a little tricky just because each program is pretty distinct. As I detailed in my article on the subject, definitely take the time to dig into the culture, curriculum, and career placement statistics for each school you consider so that you don聮t have any surprises later on in the process. And if you can find the time and money, try to visit each campus you聮re strongly considering聴there聮s really no...
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Brexit Could Cost MBA Jobs And Business School Applications...
UK聮s business schools have been left reeling from the nation聮s exit from the EU, with applications, jobs prospects and research funding now potentially at risk. Brexit threatens to harm the UK聮s standing as a hub for elite universities, and Friday聮s referendum result has placed the nation聮s entire higher education sector into a period of uncertainty. Andrew Likierman, dean of London Business School, says: 聯Speaking personally, I am concerned at the implications of the result for the UK.聰 The UK is home to 14 of Europe聮s top-ranked business schools by the FT. UK schools rely on their global standing to attract talent. But there are growing fears that the UK聮s anti-EU sentiment will affect universities聮 ability to recruit applicants. The proportion of British students in UK MBA programs has fallen from 58% in 2007-2008 to just 49% today, according to the Higher Education Statistics Agency. Brexit could not only turn potential students sour on the UK聮s schools, but could also make it more difficult for schools to recruit faculty. For instance, 60% of Oxford University聮s Sa茂d Business School professors are from outside the UK. Sa茂d did not respond to a request for comment. Ian Looker, education lead partner at PwC, says: 聯Not only is the research funding provided by the EU now at threat, but also the potential tighter controls over EU staff and students coming to the UK could well present UK universities as less attractive options to work and study.聰 LBS聮 Andrew says: 聯For higher education as a whole, and London Business School in particular, this should not give the signal that the UK has turned inwards. We are a global school and I believe that the UK will remain an outstandingly attractive place to study.聰 Brexit could...
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World Recruiters showing more interest in hiring MBA students...
Corporate recruiters are planning to hire more MBA students (Masters of Business Administration), compared to last year, according to a survey by the Graduate Management Admission Council (GMAC). The study, conducted worldwide, had surveyed 842 corporate recruiters, of whom 88% plan to hire management graduates in 2016 compared to 80% last year. The demand for MBA graduates is high in the Asia-Pacific region, including India, with 84% employers planning to hire freshers against 73% last year. The survey has projected an increase in salary packages in this year. Globally, 54% of employers are likely to increase the salary package for MBAs at the rate of inflation. #8220;Some 88% of corporate recruiters who work directly with graduate business schools plan to hire recent MBA graduates in 2016, up eight percentage points from last year and 33 percentage points higher than 2010, the lowest point of the Great Recession, #8221; GMAC said in a release #8230;Read full story: Staffing Industry...
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The Job Market for MBAs Is the Best Since 2010...
Starting salaries are climbing, too. It took a while, but demand for MBAs has finally bounced back from the recession. A new study from the Graduate Management Admission Council says 88% of companies are planning to hire recent B-school grads this year. That聮s a marked increase over last year聮s 80%, and a huge jump 聴 33 percentage points 聴 over 2010, a dismal year when B-schools saw what the report calls 聯a post-recession low.聰 Not only that, but salaries are recovering, too. Worldwide, more than half (54%) of companies say they聮re sweetening starting pay for MBAs. U.S.-based employers plan to offer median salaries of $105,000, up a bit from $100,000 last year. GMAC聮s researchers also asked about compensation for candidates with non-MBA master聮s degrees. Tied for best paying: A master聮s in data analytics and master聮s in marketing, both with median starting salaries of $85,000. Drawn from two separate surveys of more than 2,000 employers worldwide, the study聮s findings reflect the accelerating globalization of business in general, and the MBA job market in particular. For instance, 2016 B-school grads would be smart to make sure their passports are up to date, since about a third (30%) of companies hiring more MBAs this year plan to ship them out to 聯multiple world regions.聰 At the same time, American MBAs may find themselves facing more competition from B-school grads looking to move to the U.S. More than half (52%) of the companies surveyed said they either have definite intentions of hiring, or are willing to consider, 聯recent business school graduates who require additional legal documentation, such as work permits or visas.聰 #8230;聰Read full story:...
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Here #8217;s where MBA students want to work the most...
More than a quarter of business school students want to work for large investment banks, but increasingly more MBAs are setting their sights on startups, too. That #8217;s according to an annual survey from Training the Street, which provides financial training courses to students and professionals. It asked 293 first- and second-year MBA students which type of firm would be their top employment choice. Bulge-bracket banks and global financial institutions came in first as the workplace of choice for 26.28% of respondents. 13.65% of respondents chose private equity firms, while 7.51% chose boutique banks. Of note, 7.17% of respondents chose startup companies as their choice place of employment #8211; the highest percentage since Training the Street started providing that option in 2012. The percentage of MBAs looking to work for hedge funds was 4.78%, down from 4.9% last year. Here #8217;s a look at the full tally #8230;Read full story: Business...
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5 Ways An MBA Can Help Entrepreneurs
A Master of Business Administration (MBA), whether you earned it from an institution such as Northeastern University聮s D聮Amore-McKim School of Business, is perceived to be highly beneficial. This type of degree is costly, but many believe it is money well spent. However, as an entrepreneur, you might be questioning whether you really need to bother earning such a prestigious qualification. After all, you don聮t need to have an online MBA degree to make your business a success if you聮ve already got what it takes. On the face of it, you might be right. Many entrepreneurs do perfectly well without a college education or an AACSB (Association To Advance Collegiate Schools of Business) online MBA to their name. They are able to turn their businesses into global success stories and live the high life. However, having a master聮s degree in business administration can be invaluable, and here聮s why: 1) How To Run A Business There are many different ways to run a business. By the time you have completed your MBA, you should know all of them. The expert knowledge you gain will give you valuable insights into the inner workings of large, successful businesses. You can use this knowledge to inform how you run your own business. Therefore, instead of making mistakes, you can learn from the mistakes made by others. 2) Valuable Contacts Your fellow students on an MBA course will all be high achievers in their own right, so the connections you make will come in useful when you start your own business. You will find that people you become friends with during the program often turn into valuable contacts a few years down the road. 3) Human Resources A growing business needs talented employees. One of...
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Turn Failure Into a Great Business School Admissions Essay...
It #8217;s the dreaded failure topic: #8220;Describe a situation taken from your personal or professional life where you failed. #8221; MBA applicants often freak out when faced with this common admissions essay question because they fear that showing any weakness will torpedo their admissions chances. However, at one point or another, everyone faces adversity, failure or setbacks, whether at work or in life. Your response to these situations demonstrates your character, and business schools understand that failure represents a learning opportunity. This essay is your chance to demonstrate your maturity, flexibility and leadership qualities. Leaders aren #8217;t always successful; rather, they are willing to admit to failure and find motivation in their misfortune. So how do you tell the business school admissions committee how failure has truly affected you? First, start with some real introspection. It #8217;s important to use a failure that is emotionally important to you. Your failure should also be real and something that led you to gain some insight about yourself. The negative situation could have led to a transformative experience for your team, a positive opportunity for someone else or a chance for you to better understand another person through a team challenge. The admissions committee will easily see through an accomplishment that you frame as a failure; furthermore, that will not demonstrate your maturity or ability to grow. Think creatively about this aspect 聳 do your best to describe how you have changed your approach as a result of the failure. When brainstorming for this essay, think first about what you learned from the situation you plan to detail; then work backward to describe the circumstances and the initial challenge or hurdle. That will help you more optimistically view the whole situation. What did you learn from...
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Today #8217;s MBA candidates have a clearer vision for the future...
Business school applicants consider applying to fewer programmes and are more focused on a particular postgraduate career path according to a new study by the Graduate Management Admission Council (GMAC). The 2016 mba.com Prospective Students Survey Report was conducted amongst 10,000 individuals worldwide. The survey showed that on average, prospective students considered 2.8 programme types in 2015, down from 3.1 in 2014. For their postgraduate careers, 71 per cent of those surveyed cited a single industry of interest, compared with 58 per cent in 2014. In addition, 61 per cent of prospective students cited a single job function of interest, compared with 46 per cent in 2014. According to GMAC the current status of the economy might play a role in this phenomenon as prospective students may perceive it to be easier to go after their #8220;dream job #8221; in this market compared with the post-recession years. The other interesting outcome of the survey was that students seem to show greater interest in specialised business master #8217;s programmes. One-fourth (23 per cent) are considering only specialised business master #8217;s programmes, such as Master of Accounting or Master of Finance, which represents an increase since 2009, when just 15 per cent of candidates were considering only specialized master #8217;s programmes. Slightly more than a quarter, or 28 per cent, are considering both MBA and specialised business master #8217;s programmes whereas 50 per cent of prospective students are still only going for MBA programmes. In Western Europe, however, the pipeline has notably shifted toward specialised (pre-experience) business master #8217;s programmes, especially within the past seven years. In 2009, 49 per cent of prospective students were considering only MBA programmes and 22 per cent were considering only specialised business master #8217;s programmes. In 2015, the tables have turned with...
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Mobile apps that can smooth MBA path
Business school students need to maximise their study time, be able to contact classmates easily and keep abreast of extracurricular events. So which smartphone apps are the most useful when it comes to streamlining timetables and workload? The Financial Times聮 MBA bloggers offer their top choices. Jess Webb, at the University of Edinburgh Business School, says WhatsApp has been essential from day one. Its group conversation function means there is an all-class group and mini groups for assignments, treks and clubs. 聯And someone is always online to help with questions,聰 she says. The app聮s ability to work with international numbers and various languages really helps 聯when you have 23 nationalities in your cohort聰, she says. Her school offers easy access to course material through a mobile learning app called Blackboard, while ParticiPoll allows real-time online polling in class discussions. Marta Szczerba favours GroupMe, a messaging app that works across smartphones, tablets and a desktop computer. The Harvard Business School student also relies on Venmo to make instant payments. She adds that HBS has two apps that were invaluable when trying to get an administrative grip on campus life. An app called Thrive provides everything from canteen opening times to fitness sessions, while Learning Hub lists details for all courses and classes. Some apps can help in your preparations for an MBA. Apricot Wilson will start China Europe International Business School in Shanghai next year and is using Skritter to get up to speed with the language聮s characters. 聯It lets you practice writing them on screen and then compares the character you have drawn with a flashcard,聰 she says.Read full story: Financial...
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The Top 4 Mistakes MBA Students Make During The Internship (And How To Prevent Them)...
For many MBA students, the path to the internship took a lot of hard work. First, you have to get excellent grades in undergrad. Then, you need to work for a few years (and be successful) at a branded, impressive company known for selective hiring. Next, you line up the grades, the essays, the GMAT, and the references to land a coveted spot in a top MBA program. And finally, you get an internship offer at a top company聴often a company that only recruits from five to 10 top MBA programs. Students from around the world would work for free for such an opportunity. You can see the light at the tunnel. What matters now is succeeding during the internship. Can you successfully adapt to a top company聮s expectations? And to a new culture? You only have three months聴what will it take to demonstrate competence and fit? I was recently talking to Elizabeth Diley, the recruiting manager for MBA hiring at General Mill聮s, one of the world聮s best companies at developing leaders (No. 3 on Fortune聮s list). After almost eight years in recruiting, Elizabeth has since moved to an internal staffing role within General Mills developing marketing talent through their rotational and leadership programs. I asked her how students can succeed during the internship. Because of Diley聮s connection to the recruiting industry, she had several illuminating stories to share. Below is her insight on the mistakes MBA students make聴and how to prevent them. Top Mistakes MBA Students Make and How to Prevent Them 1. Believing That The Company Must Adapt To Them: One of the most common mistakes MBA students make, across industries, is to focus on what they want, or what they need. However, the business community is...
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Where To Go To Business School Based On Your Personality Type...
There are many ways we describe our personalities 鈥 bubbly, independent, charismatic, innovative, enthusiastic, etc 鈥 and our personalities are a huge part of who we are. As such, when making a decision about where you should go to business school, it鈥檚 important to consider how your personality type would do at different schools. A popular personality test is the Myers-Briggs Type Indicator (MBTI), which ultimately allows a person to classify themselves using bigger characteristics 鈥 Extraversion (E), Introversion (I), Sensing (S), Intuition (N), Thinking (T), Feeling (F), Judging (J), and Perceiving (P), which led to the creation of 16 basic personality profiles. These 16 profiles can more broadly be sorted into four categories 鈥 Analysts, Diplomats, Sentinels, and Explorers 鈥 with four different personalities per category. You can easily take a test to figure out what type of personality you are, and then use your results to help you figure out the right school for you. Here鈥檚 a rundown of some of the best business school programs for certain personality types according to the MBTI. Logician (INTP). Logicians are innovative inventors with an unquenchable thirst for knowledge. Some of the common characteristics of this personality type include strong creativity, enthusiasm for new ideas, rationality, and imagination. As Logicians are more suited for independent learning and less rules, colleges like Cornell University, Rice University, Princeton University, and University of Texas 鈥 Austin would be better fits for this personality type. Commander (ENTJ). Commanders are described as bold, imaginative and strong-willed leaders, who always find a way 鈥 or make one. Some of the common characteristics of this personality type include natural leadership skills, charisma, confidence, and determination. There are a number of universities with exceptional business school programs that...
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Your MBA In 300 Words
What聮s the best management advice you聮ve ever received? That was one question we asked Fortune 500 CEOs in our annual survey. Their answers were terse, but enlightening. We offer you the best, below. The most frequent theme was to focus on building the right team: 聯You are no better than your team.聰 聯Surround yourself with great people, and great things happen!聰 聯Hire the best people and give them the freedom to operate their business/dept., demand transparent communication and hold them accountable for the results.聰 Also frequently mentioned: 聯Listen聰: 聯You have 2 ears and one mouth 聳 use them in this ratio.聰 聯Listen more then move with speed.聰 聯Lead with questions, not answers.聰 The need to be ruthless in setting priorities was also a popular topic: 聯 Focus on one or two top priorities.聰 聯Spend your time on the important, not the urgent.聰 聯Focus your energy on a few things and delegate the rest.聰 And pacing was on the minds of many: 聯It聮s a marathon, not a sprint.聰 聯Nothing wrong with getting rich slowly.聰 聯Don聮t get too low with the lows or too high with the highs.聰 聯Start small, fail fast, scale quickly.聰 The importance of values in an age of transparency was another recurrent theme: 聯Leadership is built on a foundation of values and only with strong values will our efforts to lead be sustainable and successful long-term.聰 聯Always operate with integrity and excellence.聰 聯Tell the truth.聰 聯Do everything as if it will be on the front page of the newspaper tomorrow.聰 And then there were a few random chestnuts: 聯Don聮t screw up.聰 聯Prepare, prepare, prepare!聰 聯Company first, career second.聰 聯Leadership is action, not position.聰 聯Take your vitamins, you聮ll need them.聰 Read full story:...
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Harvard and Stanford MBAs Are Using This Brazilian Network To Land Jobs In Latin America...
Deep in the Latin America聮s biggest economy, a network of MBAs from some of the US聮s top schools is stirring. Founded by Patricia Volpi over a decade ago, the exclusive MBA Alumni Brasil community has grown to nearly 2,200 members, from 50 business schools including Harvard Business School and Stanford GSB. 聯The group has really taken off,聰 says the Indiana, Kelley School graduate. MBAAB helps graduates network and find MBA jobs through company visits, 聯happy hour聰 drinks doos, from S茫o Paulo, Rio de Janeiro, and Belo Horizonte to Miami, New York and London, and job postings from companies such as Bloomberg, Microsoft and Nestl茅. 聯The exchange of job opportunities drove the group,聰 says Patricia, who has worked at Frost amp; Sullivan, Telefonica and GNext, a recruitment firm. But Brazil is mired by a political crisis and a faltering economy. Its president, Dilma Rousseff, has been suspended and its central bank forecasts GDP to contract 3.5% in 2016. 聯One of the challenges was finding jobs that met MBAs聮 salary expectations,聰 Patricia says. Below, BB speaks to two members of the MBAAB network working in S茫o Paulo. A Hub For Entrepreneurs With a large financial center, well-regarded universities, and local heroes such as Dafiti, the e-commerce business backed with $250 million of venture capital, the city has a growing start-up ecosystem. 聯S茫o Paulo is the best region in Brazil for entrepreneurs,聰 says Ric Scheinkman. The local entrepreneur is managing director and founding partner of Harpia Capital, an advisory and investment firm. He plans to study for an MBA at University of Miami, and says the MBAAB network has introduced him to top-level executives and entrepreneurs in S茫o Paulo. 聯It has some of the best and brightest of the Brazilian business community,聰...
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Am I Networking With The Wrong People?
I went to speak at B-school networking event. At this event, local business owners and executives mingled with MBA candidates. A young woman introduced herself to me. She was the student organizer for the event. 聯Great job putting this event together!聰 I said. 聯I had the idea to make the huge name badges that you see on everyone聮s chests,聰 she said. My name badge was about six by eight inches in size. Everybody else聮s name badge was enormous, too. 聯I was wondering about that,聰 I said. 聯Did you make the badges and the lettering huge so that people with impaired vision can read them easily?聰 聯No,聰 she said. 聯I made them huge so that students can spot the business people across the room and see which ones are worth meeting. We are busy and we don聮t have time to waste networking with the wrong people.聰 I think my heart stopped for a second. 聯How would the MBA candidates know which people are worth meeting, when all they can see from a distance is each person聮s name badge?聰 I asked. 聯No one wants to meet some independent consultant who works for himself,聰 said Sarah, the sweet young event chair. 聯We want to meet the CEOs and CFOs of big companies 聴 the powerful people, the impressive people!聰 聯Aha,聰 I said. 聯Do you agree that that is the most effective networking strategy?聰 she asked me. 聯I don聮t,聰 I said. 聯Power is a funny thing. What is power, to an MBA candidate who will graduate soon? Power is the ability to get a great job that deserves you. The local entrepreneur who works for himself or herself goes in and out of those large companies every day. 聯If you want a job...
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Is An MBA Necessary For Success In Business?
The total cost of an MBA at Harvard is an estimated $102,000 a year. At that price, how much difference does an MBA make in the real world? 聯I聮ve got a lot of young people who are qualified up to their eyeballs with MBAs and BAs, but not a shred of common sense聰 said Optiv #8217;s Wendy Hoey. Ingram Micro #8217;s Gina Masanuano said a lot of the degree聮s worth depends on circumstances. 聯I think it depends on where they are in their career, and it depends on the area,聰 she said. 聯Past a certain level, I don聮t even look at education anymore,聰 she added. Verizon #8217;s Wendy Petty agreed and said she values experience over an impressive education. Red Hat #8217;s Margaret-Ann Bolton said for those individuals who are looking to switch to business, an MBA will help the transition. 聯If they聮re trying to make a change in their career, like if they聮re on one path and they really want to do something that聮s completely different,聰 she said. #8220;What I found with an MBA that is so valuable is when you haven聮t done your undergrad in business, and your education is in a different area, it is a huge benefit to learn if you聮re going into marketing, or finance or sales,聰 said Extreme Networks #8217; Paige Powers. Read full story:...
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6 questions to ask yourself before taking the MBA plunge...
Choosing whether to go to business school is a big decision. On one hand, an MBA could propel your career or business. But it comes with a hefty price tag in terms of time, tuition and lost wages. Students, alumni and university staff gave us the lowdown on how to make the big decision of whether to take the MBA plunge. Here are six questions to ask yourself to help you decide. 1. Why do I want to get an MBA? Don #8217;t just get a degree to get a degree, professors and students said. Instead, think about what you want for yourself over the next five to 10 years. #8220;I think it #8217;s important for [prospective applicants] to think about their career goals in a more long-term perspective. Candidates for MBA programs may say, #8216;I want to go because I want to start my own business. #8217; But you know, life changes. Three years from now, their plans and aspirations may change, #8221; said Stefanos Zenios, Stanford University #8217;s Graduate School of Business #8217;s director of the Center for Entrepreneurial Studies. #8220;They may decide that they want to work for a large organization or a high-growth company. So they should take a holistic view of their plans 聴 of what is plan A and what is plan B, and how an MBA will help them achieve those goals, #8221; Zenios said. 2. Can I improve my leadership skills? Getting an MBA is just as much a personal decision as it is a professional one. Kyle Jensen, an entrepreneur himself and the Yale School of Management associate dean and director of entrepreneurship, said one of the most important questions is about leadership. #8220;Do I need to learn to be a better leader? If the answer is...
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Glassdoor for MBAs and Startups
One of the big issues with employment review websites, such as Glassdoor, is that feedback is usually submitted only by those who had a really great, or really bad, experience at a company. And feedback is so general, it doesn #8217;t offer an accurate snapshot for people with diverse backgrounds: A business school student fresh out of undergrad sees the same salary range as someone with an MBA, for example. Smaller companies and startups without many employees, aren #8217;t as well represented as major corporations. University of Chicago Booth startup TransparenC is hoping to change that with curated career sites. They #8217;re starting with a website tailored to MBA students, called TransparentMBA, but they anticipate expanding their platform to law, engineering, and tech among other niche job seekers not served by general career sites like Glassdoor and Linkedin. The idea first came to Mitch Kirby, a UChicago Booth student, last fall when attempting to look for jobs post-graduation. Glassdoor felt like #8220;information overload #8221; he said, and most of the aggregate information didn #8217;t give him an idea of how his qualification #8211;an MBA from a top-ranked business school #8211;would translate to a position or compensation. So he decided to create a platform that gave more granular information on companies and careers for MBA students (he coded it himself), and see if his classmates were interested. They were: about 50 percent of Booth students quickly signed up, he said. Profiles for companies, jobs, and industries are built through feedback that users provide, which they #8217;re required to submit when signing up for the platform. Users can see feedback such as expected compensation, satisfaction rates, and culture fit for an MBA at a given company and position. They can also compare the experiences at the industry level. Kirby...
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