Generally most business schools will offer a range of MBAs so that you can pick one that best suits your situation. Ashridge Business School are one of the most respected providers of MBA courses in the country, and offer both a one-year full-time MBA and a two-year executive MBA for those who would rather study whilst remaining in employment. Whether you decide to take a year out for intensive study or to do your MBA on a part-time basis, the content of this course will be invaluable in today's competitive market, and the inclusion of an MBA on your CV serves as proof that you are taking strides to improve your skills.
Though it all sounds irresistible, it's worth remembering that deciding to do an MBA takes a big commitment ? this is by no means a course for the faint-hearted. MBA students are expected to dedicate themselves fully to the intense schedule and maintain a competitive outlook to be top of the class. After all, the course is for those who wish to get ahead. Equally, you'll have to consider whether you are in the right place in your life for this commitment ? have you had enough experience in the world of business? Are you really ready for the next level of responsibility that may follow on from your new qualification? Also, will you be able to find the means to fund your MBA? There are various bursaries, loans and scholarships available for those wishing to apply (for example the MBA Loan Scheme financed by NatWest) but you will still be expected to pay a significant amount towards your fees.
So what exactly is an MBA? The Masters of Business Administration is a postgraduate course that differs somewhat from others in that it would be unadvisable to apply for one directly after an undergraduate course ? a prerequisite of an MBA is usually some significant work experience. If you have the required experience, then investing in an MBA will give you a highly respected qualification that is evidence of your knowledge of management, finance, information technology, ethics and marketing amongst many other things. If the answer to all of these questions is a resounding ?yes?, then an MBA could well be the crucial step that you can take to help you move onwards and upwards in the business world. It takes time and dedication, but you'll come away with a respected qualification that shows you have the skills for a top position.
In part, an MBA definitely never guarantee for a successful career, but it may become the key contributor to achieve your career goal. You may choose to achieve your career success without thinking of an MBA, but if you want to grab the most opportunities that may open to you along your career path, then you might want to consider getting an MBA degree. Many young professionals who have started their career with their undergraduate degree tend to shun pursuing a graduate degree or higher education beyond a bachelor degree. They think they have spent 4 to 5 years at college, and it's time to earn their way through their career, and going back to study for a graduate degree is a waste of time and money. Although it's true that a strong education background is only one of many contributing factors in a success career, it may become your key determination factor to successfully secure a career opportunity that you meet along your career path. Owning an MBA degree would prove to be an advantage especially if you are vying for high level position. As job market becomes more and more competitive, any job opportunity opens out for suitable candidate, you will find many others are competing with you to grab the opportunity. What are your advantages over the others if you want to secure the job? For example, if an HR manager is interviewing a group of candidates to fill a vacancy for an executive position. If there are 2 candidates who are meeting the job requirements and one of them holds an MBA degree, who do you think the manager will short list one out these two? I believe 99% of the time, the hiring manger will prefer the one with an MBA degree. If you hold an MBA degree, you have advantages to be promoted to a leadership or managerial position than other candidates. The MBA degree itself is your strongest prove that you are capable for the job position. The MBA is well known to have stiffer requirements and the students who successfully complete the MBA program are proven for their capability to be well-informed business decision makers while capable of taking calculated risks in their decision making. They will also be viewed as a forward-looking professional who are serious about their career growth. Hence, you probably don't need an MBA degree to make a success career, but with an MBA, you are putting yourself at the best position to secure any career opportunity that comes to you. It may helps to achieve your career goal in the shortest path than those who have the same goal but without an MBA degree. In term of earning differences for a person with and without an MBA, a recent survey shows that CFOs who have MBA earned 50% more than those without the degree. The return on investment for an MBA certainly seems worthwhile.
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