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MBA Articles
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Accredited MBA Programs - What are They?
Any international accreditation is honorable, but we would like to mention the accreditation of AMBA (The headquarters of this organization is located in the UK). AMBA accreditation currently is given to 161 schools in 72 countries. AMBA is among 3 most influential in the world international accreditations, along with AACSB (USA) and EQUIS (Belgium). Their authority is checked in time, and accredited educational institutions by them, as a rule, are world-renowned brands.
How Accredited MBA programs Differ from Others?
AMBA accreditation is given for a certain period. 5 years is a maximum, after which the MBA School should go through the whole procedure again.
What gives accreditation to graduates, employers and business school?
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Do you think that you will face rigid requirements at entry to prestigious MBA program? In India over 200 000 applicants compete at entry on 1600 places of elite MBA programs of IIMs institute (Indian Institute of Management). These programs are not presented in the international ratings. Mainly they serve as an initial step for the Indian students-engineers who wish to be trained in management and the finance.
But there is one MBA program in India which is considered a player of a world scene is Indian School of Business in Hyberadad. In spite of the fact that this business school is not accredited yet, this one-year program occupies 20th place in the world, according to rating of Financial Times. And this school settles down in one of the most technically grounded cities of Asia. If you are a student from another country, there can be a place for you, and some monetary grant.
Why students from other countries?
ISB School, as well as any other MBA-program, wishes to give to students international experience in conditions of interaction of various cultures. Last year on a course from 438 students, 4 % were foreigners from Spain, Great Britain, Canada, Mauritius and Nepal. In the past on the program students from the USA, Pakistan also were trained, Germany and Italy.
ISB recently has increased quantity of grants which the school gives to foreign students. There are two types of grants:
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 In the end of MBA training it will be necessary for you to perform a project. The choice of a topic for MBA project, as a rule, becomes enough challenge for students - first, they are lost in a variety of topics, and secondly, more often is absolutely not clear, how much interesting a topic for the student and perspective. Following simple advices will help to facilitate choice process.
School yourself into a habit from the very beginning of training (or as soon as possible) to write down ideas for the diploma (which would be interesting for you to be engaged with) during classes and independent job. Periodically look through this list: something for certain you will want to delete, some topics will be united, and there will be new interesting ideas. Also the list will help you to understand what you are interested in at all - sometimes at its analysis students come to absolutely unexpected conclusions.
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Today we still feel consequences of the economic crisis and some destabilization of economy. During crisis many people have lost job, or their salaries were reduced. Each organization tries to cut down expenditure by various ways. Therefore during such time everyone should try to increase the knowledge in professional sphere. But for a working person it is practically impossible to receive, for example, one more higher education by traditional, full-time way. Therefore distance training through the Internet becomes practically ideal for such a worker. It has already ceased to be an interesting novelty and now is considered simply as one more way to receive new knowledge and skills.
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In the majority of MBA schools it is very difficult to get in. A competition for places at the best schools is very rigid. On the average, about 15 % of interested persons enter good school, and at some schools this percent is even less. One of the ways to distinguish yourself is a letter of recommendation.
The first step is to decide whom you will ask to write it. The majority of MBA schools demands as a minimum one letter from the head of your current place of job. Other letters of recommendation can be written by your former heads, teachers - it depends how long time ago you were graduated, or how much heads you had. These letters should describe your strengths and virtues accurately. It is better to choose people with good feeling of language as badly written letter indirectly influences and impression about you.
The second step is to give to yours recommendators enough time. The majority of people enter some schools so there are many different deadlines. Organise this information for yours recommendator, and give him at least one month of time for letter preparation is will give him a chance to write a good, strong letter.
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Master degree of business administration is one of the most prestigious degrees offered by universities. Program MBA gives to students strong understanding of business and learns them to be the future leaders in the business world. Many students MBA receive degree, working full working day as a set of universities offers distance and evening training. The majority of full-time programs can be finished for two years of visiting of full-time education, or for four years of part-time training - all depends on rate of training: the faster you gain a necessary quantity of credits, the faster yoг finish. And how many credits are necessary for reception of MBA?
Students MBA study under very sated curriculum allowing them to receive from 18 to 40 credits for obligatory subjects in the first year of training. Each subject usually "weighs" from three to five credits. In addition they should listen to 30-50 credits of selective disciplines for the second year of training that is equaled from 12 to 20 subjects. These selective disciplines can include practice allowing students to apply studied in real business conditions.
MBA curriculum can offer subjects on strategy, management, finance, organizational design, business activity and marketing. These subjects are taught by professors who are experts in their areas, and also the skilled professionals having many years of working experience in the world of business. Many programs give a chance to students to listen also to courses from others MBA programs and by that to expand the knowledge, skills, an outlook, and also to make useful acquaintances.
The schools, offering to receive MBA, are absolutely different: from the most prestigious "Ivy League" to the schools offering to receive degree online for everybody. Also there is a set of international universities. Various magazines annually publish ratings of business schools. These ratings are important, because employers often lean against them at selection of candidates.
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 Often between a reception of the first education and reception of MBA there pass some years. It seems to many people, that they cannot return to an educational path any more, but practice shows, that it is quite possible. Some simple steps will help you with it and will tell how again to start studying.
First you need to do is to look, what programs MBA are present at your region. There is a number of diverse programs which strongly differ from each other by many criteria. Many schools train under the accelerated programs in which you listen to one subject within five weeks, then pass to a next subject. These programs usually demand from you to listen to a minimum two subjects a week.
When you choose a program, you will need to find out, what requirements are shown to entering it. In the majority of programs results of examination of GMAT be required to you. Also, probably, you should listen to some preliminary subjects that you could enter this concrete program. It is possible to listen to the majority of these subjects and outside of school, therefore consider various variants and choose the most cost-effective. Consider also, that many schools can accept your professional experience instead of any other obligatory requirements, therefore be ready to confirm the professional qualification, and also collect all certificates which can confirm your knowledge and skills.
If you need to hand over GMAT, register in preliminary courses or develop the plan of independent preparation. As a rule, it is enough of six-week preparation for good results at test delivery. |
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 The Graduate Management Admission Test (GMAT) is required in the majority of programs MBA at receipt - you should include a GMAT pionts in application form. Your points for this test are very important in the course of receipt in business school. To receive a good result in GMAT, you need to study, train, and to be well prepared.
Familiarise with a format of GMAT test - the easiest way to do this is to visit the test site. You necessarily should know and understand three core sections of the test and the quantity of time allocated for each of them.
Download some preparatory examinations GMAT to receive deep understanding of how the computerised test works. You also can order "paper" tests from site GMAT in addition to practise. Start to be engaged long before the test date - hand over training tests, simulating test conditions - without derivations, interruptions, music, meal and phone conversations. Use a timer and train speed of delivery of the test to keep within taken away the time. Concentrate on the weaknesses, handing over training tests.
Do not miss any questions and do not respond at random even if time starts not to suffice you. Handing over training tests, study to do the "realised" guesses, excepting two or three wrong answers. You can increase the chances of a right answer, having excluded only one variant of the answer.
Attentively read and give answers to the first several questions. Computerised test GMAT works in such a manner that it defines degree of difficulty of questions which you will receive, based on how you will respond to first five questions. Complicated questions are estimated in higher points, therefore paying of additional attention to first several questions can essentially affect your point for this section. |
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 So, you enter business school, and wish to learn how to write an essay? Below you can find detailed information about that. For some people, who are master writers, essays do not represent any complexity. But if you do not belong to this happy category of mankind, most likely, you consider an essay terrifying and very difficult. Actually, all is much easier. Here that you should remember:
Diplomatic and neutral essays will not allocate you from a thick pack of an essay which it is necessary to read to a selection committee. Do not write that as it seems to you, they wish to hear. Share professional and personal histories, not be pathos. Avoid a cliche, citations and too often used phrases.
Many schools ask about a situation in life when it was difficult to you or it was necessary to resolve some situation. Don't be afraid to show, that somewhere you have not succeeded, it is a fine possibility to underline what you have learnt. Personal growth and ability to a reflexion are maturity signs.
For many schools essays on subjects "Why MBA, why now, why school H" are standard. Write preparation of such essay and insert the correct name of school into it before giving out. Also, you need to understand accurately, in what you wish to be engaged after reception of MBA and to describe it in the essay. It can serve as fine transition to an explanation why this school is very much appropriate for you. |
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 In the majority of the best business schools interview is a part of selection process for receipt on MBA. Together with points for GMAT, letters of recommendation, inquiries on estimations from the previous place of study, and the essay, your interview plays a key role in receipt in the best business school. Learn how to pass interview for MBA.
Learn a school better. Execute the homework. Learn as much as possible about school and programs which it offers. Study statistics about an entrance to school. Learn about clubs and subjects which could interest you. Talk to graduates, current students and teachers. During interview it will be very useful to mention, that you already communicated with several people about the school. The mention of several names also at all will not damage to you.Show on the interview the enthusiasm. Show, that you really wish to
study at this school. At business schools your abilities to study are
not tried to estimate by the majority of interviewers. Your points for
GMAT and letters of recommendation show this in sufficient volume. One
of the interview overall objectives is to understand, how much well you
are appropriate for the school, and how much the school is appropriate
for you. Thus, you need to show, that you with impatience wait for the
training beginning at this school, and then to show, why the school
needs to accept such a student.
Necessarily send a letter by e-mail to thank for the interview and to
ask one more question. |
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 So, you wish to receive MBA. You made a decision, have handed over entrance examinations, and are already ready to start training. There is only one small problem: you do not have corresponding previous education. In other words, you do not carry out one of the basic conditions for receipt on MBA. But do not be upset, for you still there is a hope. You are said that you need to return, and to listen to necessary quantity of hours on accounting, the finance, management.... But there are much more variants. If you do not meet the requirements for receipt on MBA, necessarily read the further article.
Many schools consider not only your educational achievements, and pay more attention to working experience. It means, that if you some years have worked on a supervising post, the requirement about relevant education may not about you. It can save you the essential sum of money and time - even if it is necessary for you to finish any courses, their quantity all the same will be smaller.
Some schools offer conditional entrance, it means, that you are accepted to study at MBA program on a condition, that you will get the previous education. You all the same should visit all subjects, but programs of the financial help and credits for training will be accessible to you. |
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You should include covering letter for MBA in a package of documents for any MBA-program. In many respects, it is your first chance to be presented to people who will make the decision on your entrance. Make their impression about you positive, having made the covering letter for MBA, allocating you of the crowd.
Do each covering letter unique though you write them many times for different programs. Most likely, these programs have different basic orientations of training. Allocate in each letter key features of each program - it will make your documents more suitable for every program. |
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Delivery of TOEFL can become an important step for you if you have decided to study in the United States, Canada or some other English-speaking countries. The good result can provide you receipt on the program of training of your choice, or even reception of the financial help in training payment. But test of TOEFL costs enough considerable money. The company which organises its delivery - Educational Testing Service, practically does not offer ways of partial or full reduction of payment for those students who do not afford paying themselves for this examination. But there are also other ways which can help to receive you the necessary financial help. We will consider some of them.
Try to receive service of reduction of the payment, offered by Educational Testing Service. It is a disposable voucher which reduces cost of TOEFL approximately in half. It is accessible for many people for whom English is not native language. Application form can be loaded to a company site. There are some parts, some of them should be filled as by students, and by his supervisor of studies or the class teacher. |
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TOEFL is your chance to receive higher education in Australia, New Zealand, Canada and the USA. It is the international test developed by ETS Educational Testing Service in Princeton University, the USA. Purpose TOEFL is to estimate level of English language for people whose native language is not English. Many pass TOEFL to enter 240 universities in the USA and Canada, and set of colleges in other English-speaking countries. Business structures and 150 countries of the world accept certificates TOEFL. It is used for an estimation of level of English language by the governmental structures, the international organisations which are giving out educational grants and many licensing and certifying by organisations worldwide. Certificates TOEFL are accepted also in the Great Britain, there are four working TOEFL-centres. |
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For preparation to TOEFL disks are often used. Usually they have various strategies of passage of the test, test variants, and set of grammatical exercises. Answering test questions, do not forget to watch time and to estimate, how many questions you still have. During the test you will face several types of questions. It is better to learn about them at home. Do not hasten to answer, you can miss some information part even if the answer seems obvious. Having chosen the answer, you cannot change it.
Having come on the test, don't forget your passport, the admission on TOEFL and a photo. Don't be late. If you come later you have not passed the test, and nobody will not return your money. You cannot use electronic devices during testing, any papers, books, you cannot eat, drink and talk. There is still a set of various interdictions and if you break them, you will be deduced from a room, and you will not receive any points. The test lasts three hours. If you have started to work, there is no way back. |
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* Students fail, because they do not understand the test requirements.
* Students fail, because they underestimate great volume of necessary work.
* Students fail, because they have limited lexicon.
* Students fail, because they do not practise certain language skills.
* Students fail, because count on "confidential secrets", instead of on real knowledge.
* Students fail, because find time only for cramming.
* Students fail, because they are frightened and cannot normally think.
And how to receive high points in TOEFL?
The first step in preparation is to understand test requirements. If it is the written test, whether it is necessary for you to read the text, to listen to the conversation record, what types of questions will be asked, what types of answers are required? Students should understand, how the information is given, what language skills are tested, and how answers should be given. |
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If English is not your native language, and you wish to enter college or university in the English-speaking country, most likely, you will need to pass TOEFL for receipt in any educational institution. One of parts TOEFL is an essay. If the writing is not your strongest skill, so preparation needs to be carried out and you should pay special attention on preparation for this task before the test, and exclusively language preparation shpuld be made (to repeat grammatical rules to expand a lexicon with new words, expressions, phraseological units, idioms), and to prepare for an essay writing as a whole. Four simple steps will help you to write an essay for TOEFL.
Train with the help of reading literature, newspapers and magazines. Then copy book or article content in your own words as soon as possible. It will help you to learn to interpret English text and to write about it. It is not necessary to concentrate on fiction because this style is not required to you for an essay, it will concern any social or other moments. |
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If you wish to receive Online MBA on accounting business, means, most likely, you want either updating of the knowledge, or transition to a higher post. To receive online MBA is possible in several ways.
As a whole, there are two ways of reception of education online - the first gives a chance to you to listen to subjects under the schedule and desire, and in the second you visit classes during certain time, logining in a virtual audience. The first method gives you of much more freedom, and the second is traditional on time frameworks.
If you are not going to listen only to pair of subjects, it is very important to check up carefully accreditation of the university offering MBA. Many MBAs today only seem real - especially on-line, therefore it is not necessary to rely on a case in such expensive business. Do not assume anything, check everything that only you can.
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You need to pass examination on MBA online and you do not know, how in general it is possible to hand over this subject to receive degree MBA and to realise the dreams? It is interesting to learn secrets how successfully to pass a subject. Good news - secrets are not so many, but there are some things which will help you to be prepared to it as possible as better.
Secrets of delivery of examination or subject MBA online all are identical - all spins round the preparation. The first, that you need to make - to make sure, that you understand a test format. Each test in your life differs from another and if you assume, that it is the same test, you will render yourselves clumsy assistance. The best way to learn about a test format is to load training tests and, probably, even to pass formal training tests it will help you to understand what to expect.
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More than 20 years ago the company P&G already was one of the largest companies in the USA and the leader in the market of detergent powders of the USA. The problem which the company has faced is a problem of growth. The market of powders stagnated. Before managers there were arrogant purposes on shipments and gain growth. How to reach growth in the market where the company already is the leader? |
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Many of those who taking GMAT worry less about pass of this part of the test, than about numerical section. But it is not necessary to underestimate GMAT Verbal section: many have complexities with this part, and you need to be prepared well for it, especially if English is not native language for you. In GMAT Verbal section to you will meet such types of questions: |
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Idea of Personal MBA is very simple, and, probably, therefore it is so popular: self-education can be applied in the advanced business education. But in this concept there are many gaps. |
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The second section of test GMAT is GMAT Quantitative Section, with variants of answers. You will have 75 minutes on the solving of 37 tasks.
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First section of GMAT is Analytical Writing Assessment, or an essay. You will have an hour on a writing of two essays which should be the answer to a certain situation. One of an essay is called "the situation Analysis", and you will need to describe your sight at a problem, and the second is "the argument Analysis", and you should estimate the argument of the certain point of view. |
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MBA or degree of the master of business administration is one of the most important your business decisions. This scientific degree is necessary for all who wishes to work in business and management and wants career growth, possession of business or technical skills and business knowledge. Today often it becomes the first step of many students right after graduation as opens number of doors with good career prospects, considering a great demand on graduates MBA in the corporate world. But all it is right only for training at the best business schools.
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Since reception of online degree became popular in remote training, the majority of educational institutions compete for better quality of the programs to involve students. But as far as there are too much of such programs, here are the 15 best programs online-MBA on the basis of reputation, structures, career possibilities, and investments into training. |
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You can have some years of working experience and excellent points on GMAT, but you also need to have a decent profile to get in top business schools anywhere. What does comprise in good Mba Profile? |
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Employees are estimated in the companies by their experience, desire to work, and also by education. If you have a wide experience of work, and you are extremely loyal to the company, but you do not have not enough education it is very desirable for you to receive degree of MBA if you plan any changes in career. |
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Both candidates tried to stand out from a considerable quantity of applicants and to show the originality, and if to tell in marketing language - correctly to position themselves. The process of entrance to business school is anything other, as the offer oneself as a candidate, and from the side of school business it is a choice of the best candidate. This is similar enough situation for experts in marketing when they position the goods in the market. Marketing in the company Procter&Gamble, and also the similar companies, begins when experts in marketing study the consumers (target group) and also what they require. In our case, our target group is an admission board which as well as all consumers has a criteria which should you correspond if you want to be chosen. |
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Eric Vare, working at the New York office Deloitte and Touche, wanted to enter a business school. She ignored expensive courses and decided to be prepared to GMAT independently. She considered, that for this purpose only two books are enough. |
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To enter any top business school, you will need to have a GMAT test (Graduate Management Admission Test). The given test is tough row to hoe, especially for those who didn't have mathematics and the logics as majors in HIGH SCHOOLS.
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And what to do, when you have already received result of 650, but for school of Wharton level,
Stanford or Harvard to you
need to have not less than 700?
There is a decision!
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Don't think that having entered the chosen program МВА, it's done. The only entrance is not enough. Recruiters, especially during a high rate of unemployment, when hundreds can apply for each vacancy, if not thousand applicants, can demand results of test GMAT before to invite a candidate to interview. |
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There is a large quantity of recommendations and advice which should help in every possible way with preparation for this important examination, number of tutors, textbooks, the software, training tests, etc. But all these pieces of advice often forget to mention, how much important to prepare directly to test pass, without dependence from its tasks.
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Traditional MBA program loses its attractiveness. More and more entrants choice short-term or specialised programs. A craze or desire to save?
The diploma full-time M.B.A., were once pride of graduates of business schools, lost the prestige. Quantity wishing to receive the diploma sharply fell for the last years therefore as well as teachers and students are revolted by high cost of training and call into question value of the diploma at employment. One question remains without the answer: whether traditional program МВА will get again the former shine? Or it became the overestimated goods?
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The companies wishing world success, voluntary refuse from the workers. They however, do this temporarily - employees go to business schools, promise to return with new knowledge and to turn the world upside down.
Every day the Earth decreases. The international trade dissolving borders of the countries and cities becomes more active. Accordingly, corporations feel need for the managers capable think globally more and more. Therefore it is not surprising, that MBA starts to get the international shade - business schools instantly react to the slightest wishes from consumers. |
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Last year when I only came to school and was the "green" beginner worrying in each occasion, students of the second year assured me, that next year study begins much easier.
I did not trust, but now I can precisely tell, that they were right. There are not less subjects, requirements of teachers have not decreased, simple at I received an invaluable experience of training in business school.
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On the other hand, it is not obligatory to be a Sharlock Holmes to amaze a recruiter and quickly to resolve the problem set by. Small preparation and consider, workplace is already yours.
Working in consulting sphere is very responsible employment. Therefore a recruiter wishes to see a thinking person, who not only finds the effective decision of a problem, but also is able to analyze the received information. The Case-interview is attractive for this purpose as well as possible: its essence consists in forcing you to think in real conditions. |
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A representative of Stern notices, that neither the administration, nor the management of school did not see the petition, though they know that students of part-time would like to get more effective recruiting.
Status searchers
The conflict in Stern is only reflexion of the general tendency dominating at all business schools.
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After crisis of 2002 when promptly MBA came nearer to the end, anybody did not hope any more, that the program becomes popular again. Recent research of Graduate Management Admissions Council (GMAC) which considered 238 programs, has pronounced the sentence: among biennial programs in 2004 78 % tested experienced shortage of students in comparison with 2003 and only 16 % experienced the increase in quantity of students.
Among the programs, lasting one year, 68 % had difficulties with quantity of students. It is interesting, that EMBA programs experienced directly opposite miracles. Three quarters of programs have noted either stable position, or sharp lifting of wishing to be trained. |
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