Now that you have decided the MBA is for you, it’s time to decide what the best MBA program is that suit your aspirations and circumstances. To help you with your research, here is a checklist of the factors that you need to consider:
1. What do you want to achieve with your MBA program?
Before you start choosing your MBA, you have to find out what the best MBA program is for you. Challenge yourself by questioning what you want to achieve with your MBA. Do you want a carreer change, do you want to earn a higher salary? The answers of these questions should be reflected in your choice and the courses of the choosen MBA. These courses need to cover your plans, once you graduate. Do you want to become a financial expert, a strategy consultant or a marketing manager? Check out the schools carefully and its reputation.
2. How long do you want to study for?
MBA programs can range from 1 to 5 years. On average a MBA is 1-2 years. You have to be certain that you will manage to dedicate your time to the study and thus the amount of years.
3. What type of program and course content matches your needs?
There are a lot of different programs, with a variety of elective courses and study methods. At findyourmba.com you can check most of the rankings about these programs.
You should consider what subjects you want to cover and what kind of balanceyou prefer between compulsory and elective subjects you require.
Also, you need to ensure that the type of MBA program is best suited to your own circumstances. For more details of the different types of programs available and the characteristics of each, please click on the relevant link below and a new window will open up:
4. Is the cost acceptable to you?
Finally, you have to consider the costs which you will make by participating in an MBA program. Some business schools have a lot higher tuition fees than others. Findyourmba.com found out that there are a lot of differences in top 10 ranked business schools. The difference between one rank sometimes differs with more than $30.000 MBA tution fees a year, while the following Business School could have a tuition fee which differs significant from the previous rank. You also have to consider other costs like a computer, living expenses, standard of living in the city you live, etc. Try to make a budget and a plan and find out if you are able to manage the costs.