Applying for Different MBA Programs: How to Customize Your MBA Admission Essay

November 6th, 2008

When applying to an MBA program, your MBA admission essay is the one requirement that you can control. Make sure that you make your MBA admission essay as engaging, concise, and clear as possible. It’s also important that you proofread and edit your essay to make sure that there are no spelling and grammatical errors. In case you’re applying to several different MBA programs, below are some tips that will help you customize your application essay.

* Double check the requirements and see if there are specific essay questions

This is very important when creating your essay. Make sure that you address the question that the school wants you to answer. Be mindful of the word count criterion and make sure that you don’t deviate much from the topic given. Keep in mind, though, that you can still make use of your life experiences and relate these to your answers. If, for example, a university tells you to write about why you chose to get your MBA at that particular school, then you can craft an answer that takes into account your personal experiences. Perhaps one of your relatives studied there, or you’ve done research on their curriculum and interviewed some students who are taking up their MBAs there and you decided that going to that school can give you the kind of education you need.

* Expand parts of your essay

In case you’ve taken an already existing essay and you want to customize it for a different MBA program that requires you to write a substantially longer essay, you can still make use of the same essay. When doing this, you can expand on each subject and add details that will further illustrate your point.

* Improve on your essay

Suppose you have one of your previously written application essays and you suddenly had an idea that you think would be better for the essay you’re going to do. Don’t be afraid to take out parts from your old essay and make use of your new idea. In case doing this disrupts the flow of your essay, make use of transition sentences at the beginning of every paragraph so that the reader will understand the connection between the statements.

* Stop when you’re finished

If you feel that you’ve already addressed the question and you no longer have anything to add, then it’s time to proofread and edit your essay. Don’t feel compelled to reach the upper end of the word count limit because this can work against you if you’re just going to insert details that aren’t really positive additions to your essay. After all, it’s important that your MBA admission essay is as good as it can be.

Does Having an MBA Degree Mean Getting Higher Pay?

November 4th, 2008

If you’re looking to advance your career and want to to be considered for executive and top management positions, then pursuing an MBA degree may be the best thing to do. In case you’re worried about the school loans you’ll acquire while pursuing an MBA degree, then you might want to consider the returns you’re going to make on your investment in terms of time, money, and effort. Studies show that those who have MBA degrees are typically offered higher salaries than those who are non-MBA degree holders.

Why MBA degree holders are paid higher salaries

Companies pay higher salaries to those who have MBA degrees because MBA degree holders are valuable commodities to a company. Big companies usually make job offers to those who graduate with MBA degrees from prestigious schools, but those who graduate from less prestigious schools also get better salary offers than those who aren’t MBA degree holders. Companies are willing to pay those with MBA degrees more than non-MBA degree holders because these degree holders are equipped with the kind of knowledge and skills needed to succeed in the competitive world of business. MBA degree holders are also generally regarded as bright, industrious, driven individuals who yearn to prove themselves and always strive for continued excellence.

What to consider when getting an MBA degree

If you plan on getting an MBA degree because you want to earn a bigger salary than the one you have right now, then you should consider a number of factors. For one, it’s better to enroll in a prestigious school with a solid reputation than get a degree from a school that isn’t accredited or recognized in the business world. Try getting a scholarship so that you’ll save on fees. When pursuing an MBA degree, it’s also important that you don’t expect any guarantees. MBA degree holders usually earn 35 percent more than non-MBA degree holders, but this isn’t a given. Just remember that with a little hard work and an MBA degree, you will surely find that more and better career opportunities will come your way.

For Employees in the Government or Public Sector: Advantages of Having an MBA

November 2nd, 2008

It’s not surprising to see individuals in the business industry enroll in MBA programs. Those who want to be considered for top management positions in business companies get MBA degrees so that they will be eligible for jobs that require more leadership skills and pay higher salaries. But MBA programs are not only for those who want to succeed in the field of business. If you work in the government or public sector, getting an MBA degree will still be beneficial for you. In fact, you can even enroll in a specialized MBA program that gives you comprehensive knowledge about the government and provides you with an even deeper understanding of the public sector.

Why it’s advisable to get an MBA degree

If you work in the government or public sector, enrolling yourself in an MBA program will hone your leadership skills and help you think analytically. Aside from that, getting an MBA degree will help develop your problem-solving skills and build techniques that will aid you in your work in the public sector. Getting an MBA at a traditional school will also help you learn from individuals of different backgrounds and from different industries, so you will gain knowledge about other fields and get to know others’ opinions. This will also help you communicate and interact better, something that is essential not only when working in the government or public sector, but also in other industries.

Which kind of MBA degree to get

A general MBA degree will help you, but it would be better for you to enroll yourself in an MBA program that has a government or public sector specialization. Not only will this kind of program hone your business skills and make you a more competent leader, but it will also give you comprehensive knowledge about ethics, government and politics, financial theory, and global economics. Your knowledge in these fields will greatly help you in your work in the government or public sector.

Basic Information about Joint JD and MBA Programs

October 31st, 2008

Do you want to get an MBA degree but you’re torn between that and pursuing a law degree? If so, you don’t need to choose between the two because you can pursue both by enrolling yourself in a joint JD and MBA program. Completing the program will earn you the degrees of Juris Doctor and Master in Business Administration. Enrolling in a full-time joint JD and MBA program typically means that you will finish the course in four years, a year less than you would if you enroll in two separate programs. Enrolling in a joint program will also cost you less. Keep in mind, though, that if you choose the part-time program offered by schools, it will take you longer to finish.

How to Get the Joint JD and MBA degree

It’s advisable for you to do some research on schools offering this kind of program and assess their requirements and determine how their program works. There are universities offering these programs simultaneously, while there are those that require you to choose between the two (JD or MBA) and start with that on your first year. When applying for a joint program, you must meet the minimum requirements of both schools, including passing both the LSAT and GMAT. Make sure that you indicate your desire to enroll in the joint program when you submit your admissions essay.

Why it’s advisable to enroll in the Joint JD and MBA program

Now that the field of business is broadening and there are many legal issues involved, getting a joint JD and MBA degree makes you more eligible for top management positions. It will be easier for you to resolve issues and tackle legal concerns. You will also be well-equipped with the knowledge needed to execute strategic decisions and conduct day-to-day operations. Aside from that, you can pursue a career as a business lawyer when you get your joint JD and MBA degree.

Is an Online MBA Program Right for You?

October 29th, 2008

These days, many students opt to enroll in an online MBA program because doing so is convenient and gives them more time for their jobs and other activities. But distance learning is not for everyone. If you plan on enrolling in an online MBA program, you must first determine if doing so would be the best thing for you.

Factors to consider before enrolling in an online MBA program

Before you enroll in an online MBA program, you must first find a class or program that is offered by an accredited university. There are many fraudulent diploma mills nowadays, and it’s vital that you don’t enroll in these institutions. You should also consider the reputation of the school or university offering classes and the training that the instructors have. Take into account the teaching methods used as well as whether the class is taught in real-time or if you can manage your classes on your own time. Other factors to consider include the length of time it would take for you to finish the program and how much the tuition will be.

Advantages of enrolling in an online MBA program

The main advantage of enrolling in an online MBA program is its convenience. You don’t have to drop your job or rearrange your work schedule just to accommodate your classes. It’s also cheaper to get an online degree than to get a degree from a brick-and-mortar university.

Keep in mind, though, that although online degrees are more widely accepted these days than they were before, many employers still prize MBA degrees earned from traditional universities more highly than they regard online degrees. Still, an online MBA degree is better than not having an MBA degree. So it’s essential for you to weigh the pros and cons of getting an MBA degree online before deciding to go for it. You can also ask the opinions of those who have gotten their MBA degrees this way and find out if doing so helped them in their career.

Planning a Career Switch? Getting an MBA Degree Can Help You

October 27th, 2008

Many people choose to pursue an MBA degree these days because doing so will open up so many opportunities to them. In case you’re not happy with your current job and want to build a career in a different industry, you might want to consider enrolling yourself in an MBA program because an MBA degree can help you make that career switch. But before you enroll yourself in an MBA program, you should first think about your career goals and assess what kind of MBA program will best suit your needs. There are many different kinds of MBA programs available today, with some of these being paired up with another different program so that you can earn two degrees once you finish the program.

How an MBA degree can help you switch careers

In case you want to hone your leadership skills and be considered for management positions, then pursuing an MBA degree will be very beneficial for you. Many individuals choose to pursue an MBA degree as a strategy to switch career focus. Even those who started out in fields such as nursing or education can benefit from getting an MBA degree. An MBA program can provide you with broad knowledge about the field of business and management. But there are also MBA programs that can help you gain specific management training and expertise. You can opt to study just one or two areas in greater depth so that you will gain comprehensive knowledge in that subject.

How to choose an MBA program when switching careers

After you’ve assessed your career goals and determined what kind of career you want to have, you can then do some research about the various MBA programs offered by different schools. Although it’s better to get an MBA degree from a prestigious school, getting yours from a school that has lower rankings can still pay off; however, it’s important for you to make sure that the school is accredited and has a solid reputation in the business world. You should also consider the faculty of that particular school and the teaching methods they use. This way, you’ll know if you’ll be comfortable with how the teachers teach in that particular program. In case you’re worried about the fees, you might want to try to get a scholarship or seek financial aid. What’s good about this is that having an MBA degree typically results in obtaining higher-paying jobs.

Options for Students Who Want to Pursue MBA Dual Degrees

October 25th, 2008

More and more people are pursuing MBA degrees because doing so enhances their career options and increases their marketability in this world’s constantly evolving job market. In fact, there are many varieties of MBA programs that you can choose from to suit your needs. You can even pursue two degrees at the same time by enrolling in programs that let you earn MBA dual degrees. MBA dual degrees will take less time and cost less to finish than if you pursue two separate degrees. Keep in mind, though, that before you enroll in just any program, it’s important for you to assess your career goals and determine which program will be right for you.

Degrees that you can pursue along with your MBA

* Master of International Management

Now that the business environment is becoming increasingly global, a degree in International Management can greatly help you cope with the changing times and aid you in dealing with individuals from different backgrounds. Courses offered under this program typically include international marketing management, international legal and tax environment, international trade and trade policy, strategic investment and partnering, and strategic management in a global environment.

* Master of Science in Health Care Administration

Coupling this with your MBA will not only make you eligible for higher positions in various companies, but will also provide you with the specialized knowledge in the field of health care. Enrolling in this program will have you taking up courses such as public health administration, legal aspects of health care administration, and health care institutional organization and management.

* Master of Science in Biotechnology

This program will help you gain understanding of the technology, science, and regulatory aspects of biotechnology. Courses you will have to take up to earn this degree include molecular biology for business managers, societal issues in biotechnology, and biotechnology and the regulatory environment.

* Master of Science in Financial Management and Information Systems

Getting a master’s degree in financial management and information systems along with an MBA will certainly make you more eligible for top management positions in various business companies. Pursuing this kind of dual degree will give you comprehensive knowledge of fiscal responsibility, business, and information systems.

When applying for MBA programs that will help you earn your dual degree, make sure that you submit an excellent MBA admission essay along with other requirements. It’s important that you state in your MBA admission essay your reasons for wanting a dual degree and why you chose that particular program. It’s also essential that your MBA admission essay is concise and engaging because this can increase your chances of getting into the program you want.

Why Business Executives Still Want to Get MBA Degrees

October 23rd, 2008

During recent years, universities offering executive MBA programs have increased in number, and so have their students. Gone are the days when mid-level employees were the only ones clamoring to get their MBA degrees. Today, even executives want to enroll in MBA programs. Why is this so?

Reasons executives get MBA degrees

If you’re a business executive who doesn’t have an MBA degree yet, perhaps it’s time for you to consider pursuing one. For one, this would increase your marketability and ensure your employment and success in the business world. Because the world is moving toward becoming a more service-oriented and corporate economy, getting an MBA degree will make you a more likely candidate for top management positions in various companies. An MBA program also gives you the exposure to current business models and trends, so you’re knowledge about the world of business is updated.

What MBA programs offer

Enrolling in an MBA program will provide you with more knowledge and training in various business principles including corporate finance, strategic planning, economics, marketing, and accounting. What you need to do is assess whether you need a general MBA degree or a specialized one. If you’re already in an executive level but want to make a change in your career path, then getting an MBA degree can help you in your transition to a different industry.

Choosing from various MBA programs

When choosing from different MBA programs, there are various factors that you have to consider. Do some research about the curriculum of a particular school you’re interested in, as well as the teaching methods employed by the professors. It’s also important for you to take into account the reputation of the educational institution you’re going to be entering. If you’re going to keep your full-time job while pursuing an MBA degree, you should also choose an MBA program that goes well with your current schedule; keep in mind that you have to set priorities and learn how to manage your time effectively.

Ways for Paying Off Your MBA Student Loans

October 21st, 2008

Pursuing an MBA degree is expensive and will most likely have you applying for student loans. Although an MBA degree will provide you with more opportunities and jobs that offer you with higher salaries, an MBA education is still a big investment considering the time, effort, and money you have to put in. Below are just some suggestions on how you can pay off your MBA school student loans.

* Work while studying

You don’t have to drop your job if you plan to pursue an MBA degree. You can keep your full-time job and just opt for a part-time MBA program instead. Working while studying will help you pay for your tuition fee and other expenses such as food and textbooks.

* Inquire about loan forgiveness programs

You can inquire at your school and see if they have loan forgiveness programs. For example, students at Yale, University of Chicago, Northwestern, and Stanford who take low-paying jobs at non-profit organizations may be eligible for these schools’ loan forgiveness programs. This is great if you want to work at a non-profit institution.

* Find companies willing to help you pay off your loans

There are companies offering to help pay off an individual’s student loans just as long as he or she would agree to work for them for a certain period. Although this would tie you down to one company for a few years, it probably is a good deal in the long run.

* Consolidate your debts

In case you’ve gotten more than one school loan while pursuing your MBA degree, it might be a good idea to consolidate these loans so that you’ll only have one loan to pay. Although this will make it easier for you to pay off your loan, you must also understand the terms and conditions of a particular loan consolidation program before deciding to do it.

* Make lifestyle changes

Keep track of your expenses and see where you can cut back. Don’t eat out or go to the movies as often as before. Hit the community library instead of buying new books. These can make a big difference on your personal finances. Basically, the goal is to cut down on your expenditures and save enough cash so that you can pay off your MBA student loans earlier.

How to Manage Your Time Effectively while in MBA School

October 19th, 2008

Pursuing an MBA degree will take up much of your time. If you’re going to be working full-time or even part-time while enrolled in an MBA program, it’s important for you to hone your time management skills. After all, it’s essential for you to know how to effectively manage your time in such a way that you will be able to balance your school work, job, and personal life. Below are just some tips on how you’re going to deal with all three.

* Set priorities

You have to realize that there will most likely come a time when you would have to choose between your studies and your job. Know which one is more important to you. In case you have to do other activities such as visiting your dentist or getting your annual medical checkup, bring some books along with you so you can study while you wait. This way, you can always be productive even during your free time.

* Work out a schedule

Now that you know your priorities, make a schedule for yourself. Assess how much homework, research, and other paperwork you need to get done on a particular day and how long it would take you to accomplish these. This way, you’ll know if you have to cut back on some activities you usually do. If you go to the gym everyday, perhaps you can just go twice a week and just do some stretching exercises while in the shower to make up for it.

* Prepare in advance

Prepare all the things you need to bring to school the night before. This way, you won’t have to hurry and find all your stuff every morning. Not knowing where your valuables are can get you stressed and have you late for your classes. Because you already have your schedule prepared, check it every now and then to anticipate future commitments and deadlines.

* Have some time for yourself

Although you have to study when you’ve got free time, it’s also essential that you take a break every now and then. In case you’ve just finished a big exam, it would be advisable for you to get together with friends and family members and do some catching up on each other’s lives. Setting time for rest and relaxation pays off because you get the much-needed rest so that you’ll be doing future tasks at an optimum level.

* Believe you can do it

Most importantly, you should believe that you can finish your degree without letting your job or personal life suffer. There are many people who have juggled these things before, and you can follow in their footsteps if this is what you really want for yourself. Motivate yourself to do better and don’t let the quantity of the work you have to do get you down.