Selection Parameters for MBA ChoiceDifferent MBA programs can be of varying durations and combinations. Before deciding on which MBA program, you need to ask yourself:
- What exactly you want to achieve through it?
- How long do you intend to study?
- How fast do you want to land up in a job?
Why MBA in the First Place?This is a pivotal question in the decision to pursue the course. It is not important to plan the entire career path right in the beginning. Nevertheless, a clear view of your career expectations and your short-term & long-term targets can help you stay focused and remain motivated.
How Personal and Career Objectives should be the Primary Concerns in MBA Choice and why?The level of clarity about your expectations from an MBA course can affect your career progress. You need to choose the course that will help your professional graph grow and not inhibit it. For example, a person interested in dealing with people can opt for human resource specialization.
What should be the Duration of the Course?MBA programs vary in their lengths. They can be full-time, part-time, executive, one-year, flexible, and so on. A large section of the class at the top business schools consists of students with prior work experience.
Depending upon the stage of your career, how much time you can afford to spare for the course, and how quickly you want to go back to the industry, should be among the determining factors for your choice.
What should be the Type of Program Content and Structure?In the past, MBA programs lacked flexibility in curriculum structure with majorly compulsory course work. This left little scope for the students to structure courses according to their specific requirements. However, in the recent years, top b-schools have moved towards vast selections of elective courses and study methods.
Top Schools, such as Wharton School and Harvard Business School, are particularly well-known for their customized programs. When exercising MBA choice, look for schools that have adopted the newer methodology for program delivery, like experiential learning, community projects, etc.
How Expensive an MBA Program can be?Expenditure for MBA programs can be quite high. Make sure that you have the resources to afford a particular school. It is also advisable to do your research about the career services of each school you are applying for.
When assessing which MBA to select, go for the one with a promising return on investment (ROI). In simple terms, your final placement should be strong enough to cover the cost of your studies the soonest possible.
Ask yourself these specific questions and decide very carefully which MBA is right for you as it will impact your career objectives & ROI. If you need advice from JK's Certified Admission consultant, you can Get Started with Choice & Scholarship service in which you'll get one-to-one session plus a briefing list containing: Which schools to apply to, scholarship options, how to get a scholarship.