Tag Archives | mba

Image by Jeremy Beadle, unsplash.com

Image by Jeremy Beadle, unsplash.com

Success isn’t something people stumble upon by chance. It’s an intersection of skill, knowledge, and willpower – an endless supply of it. How you go about building willpower is up to you, but in order to build a solid foundation of skill and knowledge, an MBA degree is unequivocally crucial.

But with the rising costs of tuition and the extra two years of your time you cannot get back, it begs the question, “Should I spend more of my resources to get an MBA degree?” Below are five great reasons to pursue a Masters in Business Administration:

Salary Boost

There aren’t many options when you want to bump up your salary, but having an MBA under your belt is definitely one of them. Median salary for professionals with an MBA degree is notably higher compared to non-MBA professionals working with the same title and space. Professionals working for a government agency or a non-profit institution with an MBA degree can boost their respective salaries by up to 50 percent. Look at the mid-range salaries of possible careers you can enter with an MBA and you’ll see that there is actual financial merit to it. Increasing your salary from $35,000 per year to $70,000 can easily cover the initial investments you made in your MBA education. Currently, the estimated cost of an MBA degree at the best colleges in the country is around $110,000.

Better Professional Opportunities

This reason is obviously connected with the first one. While not always the case, MBA graduates are often able to apply and get hired for high level management titles, or are promoted to such high ranks after graduating from an MBA program. This leads to a higher salary, among other things. Approximately 70 percent of MBA graduates across the world are hired to become senior managers or a part of the company’s board of directors. Higher level management positions do make a lot of money, but remember, they’re also accompanied by a higher degree of responsibility.

New Knowledge and Skill Set

According to this blog post by AIB, for those less motivated by money and more intrigued by new branches of knowledge and skills, an MBA degree can absolutely live up to expectations. The coursework is designed to unlock a more profound level of understanding and skills related to business administration. Pursuing an MBA degree gets you out of your comfort zone and away from the repetition and stagnation that comes with working in an office. It exposes you to the latest management techniques and allows you to apply them in real-world settings.

Improved Business Connections

By attending an MBA program at an established university, you open the door to new networking opportunities. You get to know and converse with classmates and professors, many of whom will be holding future senior management positions. Maintaining good relations with them can put your name in the HR departments of other companies.

Holistic Business World View

By furthering your career in the business world through an MBA degree, you gain an expanded view of the industry’s various interwoven parts. Your problem-solving skills are honed as you continuously challenge yourself with real-world business problems. More knowledge also makes you more confident in and receptive of the continuously shifting environment. These skills of being able to view the “big picture” and remain calm during stressful moments not only come as an asset to you, but to any prospective company who hires you.

The cost and time requirements to earn credits for an MBA degree are minute compared to the many benefits the education and experience provides. If you are very serious about succeeding in your business career, a Masters in Business Administration is the gold standard to display your competence and value as a professional.

This article was contributed by guest author Jim Raychrudhury.


By Moyan Brenn on Flickr

The following GMAT infographic highlights some of the most crucial facts about the Graduate Management Admission Test (GMAT) that you need to know.

Background Information
The GMAT is a computer adaptive test which adapts to the examinee’s level. This means that based on the responses, the computer automatically adjusts the difficulty of questions throughout the assessment. The GMAT is used to assess a student’s readiness for over graduate level business programs in 1500 universities worldwide.

Test Content/Timing
The GMAT takes a total of 3 hours and 30 minutes, and is made up four sections: Analytical Writing Assessment (a fancy way of saying essay), Integrated Reasoning, Quantitative, and Verbal. The Integrated Reasoning section is most unlike other tests that applicants may have taken – this section requires the test-taker to reason through and analyze the data provided to answer the questions. The Quantitative and Verbal sections are similar in style to other standardized tests such as the SAT, but with a higher difficulty level.

Final Thoughts
From a basic overview of the GMAT to a list of 10 highly selective MBA programs, this infographic covers the most important topics and relevant information about the GMAT. Feel free to explore it below and share with your friends!

GMAT Infographic
Infographic by LA Tutors 123

Source: elitedaily.com

Source: elitedaily.com

Planning to study an MBA in the US, but worried about the high tuition fees? If yes, it would be a treat for you to find a destination that offers an affordable and but quality MBA education!

Canada is one such popular study destination that is preferred by students across the globe. Studying next door to the US in Canada is a great idea for aspiring MBA students. The Canadian government is increasingly making efforts to attract more students. The post on canadainternational.gc.ca tells that the Government of Canada has introduced an ‘International Education Strategy’ to focus on maintaining the global position of the country in higher education.

Top Reasons to Choose Canada

Here we highlight the five key reasons that make Canada a perfect destination to pursue an MBA degree:

1) Affordable Fees
Studying management courses in Canada is considered more affordable than in the USA, Australia or the UK. The college fees as well as cost of living are comparatively lower in Canada. Moreover, the place has a life inside and outside your campus to explore different food, music, art, and adventures.

2) Quality Education
Quality education and excellent career opportunities are the primary reasons for pursuing higher education from the world’s best universities. Canadian MBA colleges and universities are some of the most preferred options due to the quality learning experience offered to students through an updated curriculum. Business schools in the country offer excellent infrastructure, exposure, and scholarships.

3) Full Value for your Money
Paying for your education is an investment for the future. When it comes to studying abroad, tuition fees become a huge financial undertaking for many students. Studying in Canada is a promise to receive the full return on your investment.

It is an opportunity to enhance your career prospects as degrees offered by Canadian universities and business schools are recognized globally. An MBA program in these institutions offers practical and theoretical knowledge to face the job market competition. Moreover, there is always a possibility for students to gain valuable work experience in the country through off-campus employment.

4) Global Ranking
Screen Shot 2014-07-28 at 11.22.19 AMMany prominent business institutions in Canada are featured in well-recognized global rankings such as Academic Rankings of World Universities, QS Research, and Times Higher Education.

On one hand, where MBA colleges in the US are ranked in top positions in the Top 100 Global MBA Ranking 2014 by Financial Times, the ranking of some of the Canadian business schools in the list are not small achievements.

5) Experience Multiculturalism
Another reason to study in Canada is the opportunity to experience living in a multicultural country. Moreover, it is a country with political stability and a peaceful environment with a low crime rate. The country has two official languages – French and English. This gives students an opportunity to develop new language skills.

Where to Study?

Canadian MBA schools are among the best universities and institutions in the world. Those interested in studying in the country can find several options. Some of the best include:

  • York University’s Schulich School of Business
  • Queen’s School of Business, Queen’s University
  • University of Toronto: Rotman School
  • Desautels School, McGill University
  • Sauder Business School, University of British Columbia
  • University of Alberta, Alberta School of Business
  • University of New Brunswick, Saint John Faculty of Business

Return on Investment (ROI) on education is an important factor that makes your college selection an important decision. This means that one should analyze the cost-benefit ratio of studying in a particular country and college. The ROI is high if your salary earned after completion of the course is higher than the cost of your program.

Some of the popular courses offered by business schools in Canada include MBA in International Business, Master of Science in International Business (MScIB), Executive MBA, Executive Management (EMBA), MBA in Community Economic Development, MBA in Financial Services, and MBA in Global Management.

Based on your career plans and area of interest, you can choose any such course offered by the top colleges. Studying abroad is a great way to gain global exposure and step into your desired career.

This article was submitted by Swati Srivastava.

Image by University of Salford, Flickr

Image by University of Salford, Flickr

An MBA degree is considered to be the ultimate ticket to success. It is a highly coveted qualification in the realm of business management and can give your career a major boost. However, pursuing an MBA isn’t as easy as some students think it to be. The following article will offer advice to students who are researching admission to MBA colleges in Canada. The given tips will help you join a respectable business school and productively utilize your time spent there.

A management program in Canada can offer a plethora of opportunities, boost your earning potential and help expand your network. It also increases your employability across the globe. Those students who wish to study management courses in Canada and succeed in life can seek guidance from the following tips.

Chalk Out a Plan and Set Career Goals

An MBA aspirant must begin his/her professional journey by deciding where to go. Young professionals who are seeking to build a strong career or who wish to change their career path can opt for an MBA. But before you make up your mind, it is better that you define your long-term as well as short-term career goals. You should first decide where you want to be in the future and consider the different kinds of jobs and industries where you can seek employment after completing your course. Knowing what you want will help you prepare better and ultimately strengthen your applications.

While targeting business schools, you must ensure that the companies you wish to work for will come to the select colleges for campus recruitment. If they don’t, it is wiser to reconsider your choice. It is a drawback to study in a college where your dream company does not visit for recruitment. Most business schools judge your application based on the following criteria – 70 per cent and above in graduation, GMAT scores, TOEFL, group discussions and personal interviews. A candidate must also have relevant work experience.

Take a Quantitative Course

There are certain aspirants who may not have quantitative knowledge due to a non-commerce background. Such applicants can put in extra efforts by taking up additional coursework. You can take additional classes for finance, calculus and statistics. It does not matter where you take these classes; you may take them online or join a community college. If you have a particular management institute in mind, you can check the course subjects with them and seek recommendation so that you are prepared for the quantitative tryst of the MBA program.

Socialize to Build Long-Term Networks

Interestingly, most MBAs reveal that the network they developed at their business schools are the most valuable and fruitful. You should begin building associations right at the beginning of your program. It is even better if you start doing so while applying for management colleges. Many MBA institutes conduct networking events to allow potential candidates to interact with school representatives. You can move on from collecting the basic information and interact with the guests present. View it as an opportunity for connecting with the MBA community that you shall be joining for life. Most of these relations will go beyond the admissions procedure and classroom bonding and will eventually help you in the long run when you are looking for new jobs.

Be Confident and Believe in Yourself

As you come across other MBA candidates hailing from business backgrounds, you may begin to second-guess your caliber. When you meet an applicant from a commerce background (like a BBA), it is evident that they will know more as they have already studied the same concepts for their graduation. However, what you need to do is stop thinking and focus on your own strengths, skills and attributes. Tell yourself that you will be an asset to the MBA community and are meant to excel in this field. All management institutes in Canada receive applications by people from different walks of life, but that only makes them distinct and special because MBA colleges encourage diversity.

Like you, there will be several more candidates who are striving to get into a reputed Canadian business school. Do not fear competition or lose hope. If you think business management is your calling in life, begin to feel more confident and aware. Only then will you be able to prove yourself and further impress the admission panel at later stages of admission.

This article was contributed by Devika Arora.