Articles from Investopedia

How the Harvard MBA Compares To The Stanford MBA...

For the last three years, Harvard Business School (HBS) and Stanford Graduate School of Business (GBS) have led the Financial Times’ ranking of the world’s best master of business administration (MBA) programs. Stanford came in first in 2012, and Harvard topped the list in 2013 and 2014. In this year’s ranking, Harvard is still first, but Stanford is in fourth place after London Business School and University of Pennsylvania: Wharton. According to the Times Higher Education, the ranking “is based on a number of different factors including gender diversity and the international spread of students, but the heaviest weighting is placed on alumni salaries.” Based on the 2015 FT ranking, alumni from HBS and GBS have the highest salaries with $179,910 and $177,089, respectively—and they had the highest salaries in previous years as well. So what are the advantages and disadvantages of each program, and how do Harvard and Stanford compare? “TO EDUCATE LEADERS THAT MAKE A DIFFERENCE IN THE WORLD” “To educate leaders that make a difference in the world,” is the mission of the HBS MBA program. Harvard’s MBA program was founded in 1908 as the first program of its kind. The MBA takes two years: the goal of the first year courses is to provide students with a foundation in “broad-based fundamentals.” During the second year, students can choose from over 90 courses in ten different categories. HBS emphasizes its “focus on real-world practice […] using the case method, which puts students into the role of decision makers every day.” Today, there are more than 76,000 HBS alumni living in 167 countries with nearly 50 percent of alumni working in general management, 23.4 percent in finance and 23 percent in professional services. Famous HBS alumni include...

When Is An MBA Worth It?

Earning an Master’s in Business Administration (MBA) can help professionals enhance their career opportunities, receive increased compensation and job promotions. An MBA can provide the skills and knowledge necessary to start a new business, and many employers require an MBA for certain management or leadership positions. On the other hand, an MBA from a top business school can cost nearly $100,000 – a substantial expense for recent graduates and substantial time out of the workforce for early-career professionals. The question becomes, is earning an MBA worth the cost? It all depends. (For more, see: Should You Get An MBA?) THE MBA DEGREE: AN OVERVIEW MBA coursework involves a broad spectrum of business-related topics including accounting, statistics, economics, communications, management and entrepreneurship. MBA programs not only ready students to work for financial institutions such as banks but also prepare them for management positions in other fields or as founders of start-up companies. There are two routes one can take to earn their MBA: a full-time or a part-time program. Although both programs will result in an MBA, there are trade-offs to consider. A full-time student will find it difficult to work for the duration of their two or three years at school. These programs are most popular, therefore, with younger students who have recently earned their bachelor’s degree and can afford to study full time on campus. (For more, see: Part-Time Vs. Executive MBA: Which One To Pick?) Part-time MBA programs typically come in two flavors. The executive MBA (EMBA) is designed for students who have been in the workforce for some time in executive or leadership roles and who are typically 32-42 years of age. These programs can be very expensive, and students expect that their employer will pick...