Tuesday, May 3, 2011

Ten things you always wanted to know about MBA

1. MBA does not provide  indepth training in a specific field like major/honours etc.
 
2. The degree Master of Business Administration is not the same as Master of Science.
 
3. The MBA is a general broad degree covering a wide variety of business issues and training students for careers in managing any area of business.
 
4. MBA students study accounting, finance, marketing, statistics, management, strategy, policy, leadership and similar courses.
 
5. Many MBA programs offer specialisations, but this usually amounts to 2-3 elective courses in a specific field. Thus an MBA in marketing may amount to a student taking Market Research, Advertising, and Consumer Behavior as a marketing concentration, while a finance concentration may mean courses in Mergers and Acquisitions, Security Analysis, and Intermediate Accounting.
 
6. An MBA student may opt to take electives in Production, Accounting, Marketing, Human Resource Management and other areas in order to broaden his background rather than concentrating in a single area.

7. More important than a specialisation is  choice of school.
 
8.Before you consider an MBA program consult the Official MBA Guide, a comprehensive free public service with more than 2,000 MBA programs listed worldwide. It allows you to search for programs by location (US, Europe, Far East, etc.), by concentration (finance, marketing, aviation management, health management, accounting, etc.), by type of program (full-time, distance learning, part-time, etc), and by listing your own criteria and preferences to get a list of universities that satisfy your needs.
 
9. You can use the Guide to contact schools of your choice, examine their data, visit their web site, and send them pre applications.
 
10. You can see lists of top 40 schools ranked by starting salaries of graduates, GMAT scores, and others. It's the best service available at
 
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