The Master of Business Administration (MBA) degree is valued in both the public and private sectors as well as within government positions. The intention of this professional degree is to prepare or further prepare individuals for responsible positions in business - usually managerial positions in a variety of business fields. MBA programs are run throughout the world, as they are seen to be relevant for the preparation of people for work in management irrespective of the industry, business sector, the nature of the economy, etc. Individuals with varying undergraduate degrees may apply for and be accepted to MBA school. It is critical that the applicant demonstrates tangible career aspirations and goals that he/she hopes to achieve with an MBA regardless of the applicant's undergraduate course of study.
MBA degrees can be obtained in a variety of different ways. Many students opt to enroll in a part-time program while working full-time (paid for by their employer in fortunate circumstances); others enroll in full-time programs (can take 1-2 years depending on prerequisites completed and specific course requirements). Some programs can also be completed online, a recent trend across all educational programs. There has also been a fairly recent shift in the overall MBA admissions process that allows students to enter programs earlier on in their careers (directly out of college or with one to two years of experience), where as historically MBA students typically needed 3-5 years of experience to even be considered for an MBA program. While that still may hold true at some top tier full-time programs, many programs will consider less seasoned applicants who meet their application requirements with respect to GPA, GMAT (Graduate Management Admissions Test) scores, essay/personal statement, internship experience/resume, letters of recommendation, etc.
A number of factors should be considered before selecting MBA programs to which you will apply. You will want to research the program's level of accreditation (AACSB accreditation is ideal) national ranking and reputation, area(s) of focus, companies recruiting on campus, and placement rate to name a few considerations. It may be in applicants' best interest to apply to several MBA programs. Consider applying to one or two “dream schools” that you don't quite meet the criteria for but think you have a chance of being accepted two, a few schools for which you meet the school's median GPA and GMAT score criteria, and one or two “safety” schools where you are almost certain that you will be accepted but that also meet your educational needs and goals.
Please view the websites below for more information on the value of an MBA degree, applying to business school, admissions tips, GMAT preparation and more. It is always a good idea to set up an appointment with a graduate admissions counselor to discuss how your needs and qualifications may match each individual program's requirements and areas of focus.
- http://www.mba.com/mba (comprehensive information)
- http://www.gmac.com (GMAT information)
- http://www.mbainfo.com/ (MBA program information site)
- http://fisher.osu.edu/fin/oldmba.htm (MBA survival tips and advice for prospective students)
- http://www.topmba.com/ (information for students and applicants)
- http://www.mbaworld.com/ (Association of MBAs)
- http://www.mbaprograms.org/ (MBA programs guide)
- http://www.mbazone.com (online resources for applicants)
- http://www.businessschools.com/applying/ (MBA admissions advice and resources)
- http://unicorn.us.com/guide/ (comprehensive MBA program information)