Which important points should I consider when choosing an MBA program?
Here follows an overview of some of the most important criteria:
- Reputation
When it comes to choosing an MBA Program, one of the most important factors must be the institution. Are we talking about an acclaimed university with an attractive range of courses, efficient running of each program, engaging not only in cutting-edge research, but also setting standards for practical applicability? Can the potential program draw on long years of experience combined with the newest economic developments, the whole hosted by a large university, ideally with partnerships with other like universities across the globe, thus meeting the demanding criteria for a truly first-class MBA program?
In light of the bewildering range of MBA programs being offered worldwide, the reputation of a potential university plays an essential role. Employers no longer ask whether applicants have an MBA, but increasingly, from which university.
- Quality of the Program
Accreditation
Accreditations are important international certifications, awarded to either individual programs or institutions. In a detailed process, beginning with a preparation phase, an on-site visit by the jury and the ensuing evaluation, the prescribed standards are checked meticulously. A positive verdict sees the awarding of the prized certification - although with some certificates, the continued fulfilment of the criteria is verified at intervals. Among the most important accrediting agencies are EQUIS (European Quality Improvement System), AACSB (The Association to Advance Collegiate Schools of Business) and AMBA (Association of MBAs).