When get an MBA

Is An MBA Necessary For Success In Business?

The total cost of an MBA at Harvard is an estimated $102,000 a year. At that price, how much difference does an MBA make in the real world? “I’ve got a lot of young people who are qualified up to their eyeballs with MBAs and BAs, but not a shred of common sense” said Optiv’s Wendy Hoey. Ingram Micro’s Gina Masanuano said a lot of the degree’s worth depends on circumstances. “I think it depends on where they are in their career, and it depends on the area,” she said. “Past a certain level, I don’t even look at education anymore,” she added. Verizon’s Wendy Petty agreed and said she values experience over an impressive education. Red Hat’s Margaret-Ann Bolton said for those individuals who are looking to switch to business, an MBA will help the transition. “If they’re trying to make a change in their career, like if they’re on one path and they really want to do something that’s completely different,” she said. “What I found with an MBA that is so valuable is when you haven’t done your undergrad in business, and your education is in a different area, it is a huge benefit to learn if you’re going into marketing, or finance or sales,” said Extreme Networks’ Paige Powers. Read full story:...

6 questions to ask yourself before taking the MBA plunge...

Choosing whether to go to business school is a big decision. On one hand, an MBA could propel your career or business. But it comes with a hefty price tag in terms of time, tuition and lost wages. Students, alumni and university staff gave us the lowdown on how to make the big decision of whether to take the MBA plunge. Here are six questions to ask yourself to help you decide. 1. Why do I want to get an MBA? Don’t just get a degree to get a degree, professors and students said. Instead, think about what you want for yourself over the next five to 10 years. “I think it’s important for [prospective applicants] to think about their career goals in a more long-term perspective. Candidates for MBA programs may say, ‘I want to go because I want to start my own business.’ But you know, life changes. Three years from now, their plans and aspirations may change,” said Stefanos Zenios, Stanford University’s Graduate School of Business’s director of the Center for Entrepreneurial Studies. “They may decide that they want to work for a large organization or a high-growth company. So they should take a holistic view of their plans — of what is plan A and what is plan B, and how an MBA will help them achieve those goals,” Zenios said. 2. Can I improve my leadership skills? Getting an MBA is just as much a personal decision as it is a professional one. Kyle Jensen, an entrepreneur himself and the Yale School of Management associate dean and director of entrepreneurship, said one of the most important questions is about leadership. “Do I need to learn to be a better leader? If the answer is...

When Is The Best Time To Apply For Your MBA?

The business school application process is intense, and with good reason. Getting an MBA is a significant investment in time and money. Going into the process without giving it a lot of thought beforehand is a recipe for disaster. If you aren’t prepared for the b-school experience, you won’t be able to take full advantage of the opportunity. But when you go into it deliberately, after a lot of careful thought, getting an MBA can be a life and career-changing move. Here are five questions you need to be able to answer “yes” to, before you’re ready to apply: 1. Do you know your post-MBA goals? It’s not a good idea to go to business school in order to figure yourself out, or to get away from the working world for a bit. Most MBA programs move very fast, and if you want to take full advantage of the experience, you’ll need to have a plan. Think about where you want to be in five years. Not just in your career, but where in the world you want to be, and what you want your life to look like. Do you want to work globally, start a business of your own or move into higher management positions within your current organization? 2. Do you know how an MBA will help you accomplish those goals? Lower-tier schools and diploma mills may be happy to admit anyone who seems interested and can foot the bill, but top business schools want to know that you have given a lot of thought to the prospect of getting an MBA. They are looking for students who will take the opportunity seriously, and reflect well upon the school as alumni. When you know how an...

Don’t Rush The MBA Decision: Not All Work Experience Is Created Equal...

We all know some things look good on paper but don’t always work in practice. And that sentiment should be taken into consideration when deciding if the time is right for an MBA. Just because you have the two years of experience that many of the world’s business schools require, doesn’t mean you are ready for an MBA. You should think more deeply about how to get the most out of your investment of time and money before applying to an MBA. We often see applicants rush this decision. At the Ivey Business School, we believe that a key question candidates should be asking themselves before applying to an MBA is: Does it make sense for me to get this degree right now? Here are some things to consider: 1.The admissions teams can help: The admissions team at Ivey is not in place to scrutinize or judge applicants. Instead, an important part of the team’s role is to ensure that you make the best decision possible, so you can get the most out of the program and contribute to the class community in a meaningful way. Where you are at in your own work journey before you arrive is a critical part of a successful outcome. Talk to us. We can help; 2.Quality over quantity: Be prepared to talk about the kind of work you have done. We are not interested in the length of time you have spent collecting a paycheque, but instead your ability to talk about the quality of work you have done. Tell us about the interactions you have experienced with internal or external clients and the projects you have contributed to moving forward. Bringing these kinds of experiences to formal classroom discussions is a...