There are five factors to consider when selecting an MBA that suits you best.
ONE
The awarding body or the University is a definite area for evaluation. The University should be reputed, well established and maintain high standards of study. Typically, State Universities carry high level of credibility and respect in this regard.
TWO
The second factor is the programme content. Reading for an MBA is a natural process of improving personal capability and capacity. Fast tracking a natural process could only compromise the final outcome. A good MBA should cover 10-12 robust managerial modules as the foundation. Thereafter, depending on personal preferences specialisation modules (6-8) can be pursued. There is a choice here, for example if you are currently in marketing and want to further specialise vertically in marketing you could do so, or you may want to specialise in finance and improve horizontally. MBA Studies should ideally be supported with up-to-date course material, books, periodicals, and access to reputed research data bases.
THREE
The process of learning while reading for an MBA is the third factor to consider. Top performers would certainly agree that insights gathered from faculty and fellow collegues during discussions in class is as valuable as knowledge gained from books.
An MBA programme should be delivered by a proven faculty. Ideally it should be a mix of Academics and proven industry professionals. If the faculty cannot prove their worth in practice, it is unlikely that they could bring real life business context to class.
An MBA class is always a solid forum for profound discussions. These interactions provide a basis for the class to learn from each other and also about a range of industry sectors.
FOUR
Assessment method is another consideration. Unfortunately, today there are MBA programmes where the assessment is done through multiple type question papers. A good MBA will always have a mix of individual assignments, group presentations, case study analysis and a final written examination for each subject. The experiential learning through individual assignments and group presentations are equally important as the final exam. The final dissertation allow candidates to research into a particular topic or business issue, and recommend solutions, a skill essential for any business leader today.
FIVE
Finally consider the investment. The most expensive MBA may not be the best always. There are good high ranking Universities that charge higher prices, which may not be affordable to many. The main costs in an MBA are the royalty paid to the University, cost of faculty, books and material, examination fees and delivery overheads. Those providing MBA programmes have a responsibility to balance these costs at an optimum level to give the best value to students in this part of the world. State Universities typically provide good quality, yet maintain affordable prices so that many students can benefit. Choose an MBA that provide quality and a one that you can afford, remember that performance counts more than letters and the name of the University! |