Earning an MBA can be one of the best decisions of your career. According to The Economist, the average MBA grad increases their salary by 74 percent and has an 87% job placement rate. Like most averages, however, these figures don’t give you the full picture.
To fully benefit from an MBA, you must select a quality program that suits your skills, which means finding a school that offers:
Prospective business students often assume that MBA programs should be similar to other academic graduate programs. Although traditional teaching tactics have their place, the only way to truly learn and remember business skills is by doing. You should look for an MBA program with a heavy emphasis on experiencing the real business world. This can involve internships, simulations or even student business ventures.
The more your program focuses on practical education, the easier it will be for you to jump right into a career.
An Array of Academics
Business professors come from many different backgrounds. Some have spent their lives in the “Ivory Tower,” studying business and economics academically; others started small companies and steered them to success, and still others worked their way up in established firms. All of these experts can offer valuable insight into business, but none of them has the full picture. You should look for a program that has a variety of professors from as many different backgrounds as possible.
Flexibility is a key factor in any MBA program, especially if you already have a job or other life responsibilities. You should look for online programs that give you as much freedom as possible in setting your schedule. You will thus be able to learn at the pace that is best for you given your skills, your past knowledge and your other time commitments.
In addition to flexibility, you should also look for a school that gives you a range of choices in what to specialize and study. MBA grads can end up working in a variety of fields - finance, healthcare, tech companies, non-profits. You should choose a school that lets you learn a variety of different skills to prepare for a wide range of career outcomes.
The best MBA programs continue to benefit you long after you graduate. Through alumni associations, schools can provide you access to potential employers, employees, partners, suppliers and a variety of other resources. Therefore, you should look for a school with active, well-organized alumni who remain in regular contact with each other. Spring Arbor University is committed to offering flexible, practical education to MBA students.