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How to choose a program?
posted by MBAblogger @ 8:28 AM
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I thought it might be useful to start by repeating some of the advice from the MBAinfo.com. Hope it helps
You will want to begin by identifying those programs that fit your basic requirements. There are two aspects to this;
Your Needs - i.e., what you want to learn and gain from the program, the type of experience you want to have, etc.
Your Circumstances - i.e., the practical considerations.
As regards your needs, you will want to ask questions like -
Is it the right program structure for me?
Is the content what I want?
Is the focus what I want ?
Are there electives that I will be interested in?
As regards you circumstances you will want to think about questions such as -
Does the program run where I am or want to be?
Is the duration right for me?
Can I give it the time it will require?
Is the start date right for me?
Can I afford the fee, plus the other costs, e.g., living expenses, materials etc?
Then there are some other - more subtle - questions-
Will the program have people like you on it?
Particularly on 'taught' programs - full time, part time and modular - a lot of what you will gain will be from interaction with and learning from other participants so you need to ensure that, in some respects, they are not very different from you, in particular that they have a similar amount of experience to draw upon, have held jobs at similar levels to you, etc. You might not want to be on a program where most others were very much older or younger than you. In other repects you will want to ensure that there is some differences - e.g. that there will be people from a range of backgrounds, cultures etc. The twin issues therefore are - the level of the people and the diversity of the group
What learning or teaching methods will be used on the program?
People learn differently - so will the style of program suit you? For example will there be a lot of group working and if so is that something you will enjoy and be good at? Will there be a lot of case study work - and if so are you good at reading a lot, quickly and absorbing information in this way. Will there be an emphasis on lecturing - will this suit you? Perhaps project work will be important - so do you have much experience of investigating things, preparing reports and making presentations? Of course you will be going on a program to develop your skills - so you will not be good at everything - but overall you will want to ensure that the style of the program will suit you.
How will you be assessed?
The assessment methods used on programs differ - exams, of various types: assignments; presentations; individual and group based assessments, etc. What will suit you? Are you good at writing exams under controlled conditions, etc? Of course it may be some time since you had to submit to some form of assessment - so you may just want to think about the overall balance of the assessment in a program - e.g. the proportion represented by exams versus other forms of assessment. The point raised above about going on a program to get better at something doesn't really apply in this case - so try to be sure that the approaches used in the program will suit you
How much work will be required?
Naturally you will want a program which is demanding. - but nevertheless achievable. Typically how much time will you need to put in? How much time and how frequently will you need to be at the Business School? Can you cope with these requirements? Will it fit your domestic or job situation? That's not the same as asking if you can fit it in without any effect on anything else - such a program may not be worth very much to you.
How achievable is the MBA?
What is the success rate of the program - i.e. the pass rate? Do those that fail do so for academic reasons - or just because they drop out? What would either of these things indicate? Remember - whatever the situation of those who have done a program before you - your objective is to get an MBA - so you need to know why others didn't.
How easy is it to get onto the program?
Getting an MBA is one thing - getting one which is respected and recognized is sometimes another. The status of a program will often be reflected in the competition to get into it. So you may want to know about how many applications a program gets - and what proportion are admitted. Such figures can be deceptive - since the number of enquiries is not the same as the number of applications and the number of offers of admission made is not the same as the number which join a program. You can also compare the number of places available on a program - as identified in the entries in the database - with the actual number that entered the program last year. You will have to ask for the latter. If the actual is less than the number of places made available it may indicate that the demand for the program was not as high as had been hoped by the School. The data you get in either of these ways will probably mainly be of use in making comparisons of courses. You will want to assess the strength of your own candidacy for a program, since whilst it will be good to know that there is big demand to get into a program - you will only apply if you think that you might be one of those that succeed. So you will aim for a balance - i.e. a good entry competition in which you have a good chance of succeeding.
Will I get a good job?
If you are going to do an MBA in order to get a new job on completion, how much will the program help you? Is there an appointments service provided through which potential employers visit the School to interview candidates before they graduate? Will others on the program also be looking for a job - or will they be returning to the organization they came/come from? You don't want to be one in a few whose circumstances are different. How highly regarded is the program by the type of employer you might be interested in? Have they recruited from the program before? Is there an Allumni group/network which helps with placements/appointments?
What support will there be?
If you are planning to do a Distance Learning MBA what support - e.g. tutor contact, face to face contact, contact with other participants, etc. is provided? How important is this seen to be by the School - because it could make all the difference between a solitary life and one where you are able to work with others - even remotely.
Will you be expected/helped to make contact with others at your stage of the program? Will all those who start at the same time - or in the same area - be put together as a group to work together or are you going to be alone?
Is there electronic support - e.g. computer conferencing or video-conferencing - if so what proportion of participants use it and what technology do you need?
Some similar considerations will apply if you are planning to do a part time or modular program - eg what opportunity/expectation/requirement is there for contact between participants when they are not at the School? Will there be access to the Schools facilities, faculty etc when the program is not at the School - i.e. between sessions?
Is this an established program?
Age is not necessarily related to quality - but you might like to check how long the program has been running. If it is well established it is more likely to be well known. On the other hand if it has been running for some time you might like to find out when there were last any significant changes to the structure, content, syllabus etc since a program that does not change is soon likely to be out of date.
How is this program 'Ranked'?
Newspapers and magazines occasionally publish 'rankings'. Some relate to Schools and all that they do - whilst some relate specifically to MBA programs. Such rankings aim to give some indication of how well regarded certain programs are - relative to one another, but the information must be used with some caution. Some of the recent rankings are summarized on the 'Rankings of MBA Programs and Schools' page in the Advice section of the site - but also check out the comments on Rankings in the Glossary.
How important is this program to the School?
Is this a mainstream program for the School - or a fringe activity? If the former you can be reasonably sure the faculty etc will give their best. If the latter check more closely. In this case if it is well established then - good, but ask about intake numbers in previous years. Is the program growing, stable or declining? If the latter, ask why. All of these matters are to do with the significance of the program to the School and thus your significance as a member of that program - and thus not only the attention you might expect to get, but how it might feel in a School alongside the other things that are going on.
If you are thinking about doing an MBA in Canada, there is a new official website you can try for information:
Canadian MBA programs
I am in the initial stage of my research for an MBA program. I am finding that there are so many things to consider.
In Canada, it appears that there aren't too many programs. As a result the competition is high and GMAT scores requirement is also quite high. I ahve spent the past 3yrs upgrading to meet the requirement. Now I am considering Distance/online and finding it difficult to sort the good ones from the bad.Accredation is also confusing..as for specialization, what will be in demand in the near future?? any suggestions?
If you are thinking about a "distance" or "online" program, I think sticking with a traditional "brick and mortor" university is a wise decision. Although a regionally accredited school should be the minimum accreditation requirement when seeking a distance MBA program, I suggest you look into an AACSB accredited business school. The trick will be finding a full "distance" or "online" program with an AACSB accreditation; it's not going to be easy. The only three I know of is Colorado State, Texas A&M Commerce, and Western Kentucky; however, I am sure there are a few more. Depending on your goals, the three mentioned are very good schools. You should identify how you intend to use the knowledge gained from your MBA before deciding. This will give you the direction you need to find a program that best meets your future goals. Good luck.
Make sure you choose an MBA school very carefully- and that it is AACSB accredited. * years ago I chose a school because of its ads, brochure, number of students it claimed, etc. It turned out to be an awful diploma mill... and a very nasty one. I like most of my classmates threw away the degree after looking for any job for 3 years... I still have massive loans on it and terrible debt damage. The school is Webster University (based in St. Louis, USA). It has been sued, complaints amassed en masse, yet it still operates in many countries. Always beware... no matter how good they look on the outside... and how nice they seem!
I was browsing for MBA resources and I got to this page from www.bainfo.com, and I thought it's a good idea to share another very usefull web page that I came across and that is
www.mbapodcaster.com
One story that makes a school stand out for their unique student program.
Shortly after Donald Trump announced that he was moving on from "The Apprentice," Acceleratorä, a four-week business boot camp at Vanderbilt University’s Owen Graduate School of Management, challenged students to learn business by doing business.
For 30 days, 45 top-notch college students from the U.S. and around the world were exposed to CEOs and other executives from a variety of industries. They were given real-world business problems to solve for companies like American Airlines, FedEx, Lexus, Whirlpool, and Hospital Corporation of America, competing "Apprentice-style" for once-in-a-lifetime opportunities that included:
§ Time in the flight simulators at FedEx
§ A trip to Dallas, courtesy of American Airlines, to present their recommendations to their executive management team
§ A table at the National Civil Rights Museum's Freedom Award celebrity dinner, honoring those who made significant contributions to civil rights movements
§ Internships
§ And more
The program ended on June 24, 2007 but you can get the 411 at http://www.owen.vanderbilt.edu/vanderbilt/Programs/accelerator/index.cfm. You can also peek inside this action-packed immersion into all areas of business at the Accelerator blog (http://accelerator2007.blogspot.com/), maintained by Michael Burcham, CEO of ParadigmHealth and Accelerator's entrepreneurial faculty director.
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