MBA stands for Master
of Business Administration. MBA has various streams for specializations. Entrepreneurship,
leadership, marketing, corporate social responsibility are some
of the fields of specializations. MBA provides attractive pay packets and
placements are offered at college-level itself, it opens doors to various corporate
opportunities. MBA turns to be a milestone in career so more and more students
tend to go for MBA. As a result of increasing trend of MBA, a number of
questions arise in the minds of students before applying for MBA.
Let us see some of these
questions and their respective answers:
·
Most schools offerfull-time and part-time MBAs. Can I choose either one?
A full-time MBA program mostly has four semesters which
takes two academic years with a three- or four-months break for an internship.
The first year includes core courses required of all MBAs. So the first year is
common for all specializations. The second year allows you to choose functional
specialization (a specification to study and elective courses). A research shows that 80% of MBA candidates
prefer the full-time MBA degree option to part-time or online offerings.
Students mostly prefer full time MBA because school is considered as their
first priority and it adds to academic expertise plus practical and applied
knowledge. Students do not work during full time MBA. Sometimes one-year
full-time programs are shortened by reducing the time in core classes, or
limiting opportunities to specialize.
Part-time MBA programs are basically designed for
working professionals. Most of the part-time MBA candidates work full-time
during the day and attend classes in the evening. Part-time programs do NOT
issue a student visa to foreign applicants. Students must hold legal residency
in their designated countries
·
Can I attend an MBA program without former study in
business? Is it an advantage or
disadvantage as an applicant?
MBA is a program which always emphasises on
diversity. MBA has always allowed students from all former academic training as
well as professional backgrounds to take admission in this program. Even
candidates holding commerce degree or science degree or an engineering degree
can take admission for MBA. So MBA welcomes candidates from all academic,
social and cultural backgrounds. Even if your background is not from business
studies it won’t affect your MBA academics. As MBA course content itself is
made in such a way that it enhances your business studies in all possible
aspects. Candidates having a background in business studies have no advantage
as they may face fierce competition from students of different fields.
·
Is there an age ceiling in MBA application? In
other words, will I be too “OLD” to apply
for an MBA?
Business schools maintain class portfolios which
provide the age and background information of their students. Most of the MBA
programs do not put an age ceiling regarding their applications. So even if the
student is young or old usually imply inadequate or excessive career experience
for MBA programs, and hence MBAs would be less valuable to such applicants.
·
As a foreign
student, am I at an advantage or disadvantage as an applicant?
Some unspoken agreement exists for some percentage
of international students for some of MBA programs. But this does not have any
ill affect on your admission to MBA program. So there is no disadvantage of
being a foreign student.
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