Advice for Future MBA Students
What is the best advice for Future MBA students?
The best advice for someone considering becoming an MBA student is to realize that apart from your house it is probably the biggest investment you will ever make. Therefore you need to put in a great deal of research. It's not just about the money, its about the time that you will spend not in a job and studying. Therefore, you should make sure that the program that you select is exactly right for you.
To start with, find out which programs fit your basic requirements. To this there are two aspects to put together. First are your needs - what you wish to learn and what you wish you gain from the program and the type of experience that you wish to have. Secondly are your circumstances, which is the more practical side of your decision.
The questions that you need to ask yourself about your needs involve whether it is the right program structure for you, is the content what you want, is the focus of the course what you want and will you be interested in the electives. The questions regarding your circumstances that you should think about are if the program runs where you are or where you want to be, is the duration of the program right for you, can you give the program the time that it will require, is the start date right for you, and can you afford the fee, plus the costs - for example the living expenses and materials.
Then there are the other - more subtle - questions. Firstly, you should find out if the program has people just like you on it. Much of what you will gain is from the interaction with and the learning from other participants. Therefore, you should ensure that they are not too different from you - they should have a similar amount of experience which they can draw upon, and have held jobs at a similar level to those which you have held. If everyone is much older or much younger that you then you may find that frustrating. Yet you also want a wide variety of people from different cultures and backgrounds.
You should also find out what learning or teaching methods will be used on the program. You should ask about the type of assessment - will it be examined or mainly coursework? You should also find out how much work there will be, and also what the success rate is for your MBA - in terms of what the pass rate is. You should also find out how easy it is to get onto the course - bearing in mind that the harder it is to get on, the likelihood of it being a good course is higher.