An MBA is a postgraduate qualification in business aimed at those who have previous experience within a business environment. There are a number of different MBA study options available including full-time courses, part-time courses and accelerated and/or executive programs.
The MBA attracts people from a wide range of academic and vocational backgrounds with many establishments using the GMAT (Graduate Management Admissions Test) in order to help make a decision upon who to admit. Students who study on this particular course will develop their analytical skills and business acumen as well as specialising within a particular field.
Why should you study an MBA?
There are some significant benefits for those who wish to study an MBA. The course is not only prestigious, but also helps candidates develop key skills and business knowledge that will be transferable in the job market.
However, while the course content is the main reason most students choose to study an MBA, it is also worth mentioning that studying on this particular course is a great way of networking. As the course content is predominantly vocational, many prestigious courses will welcome guest speakers who hold powerful positions within the business sector.
What experience will you need?
An MBA course is unlike most other postgraduate courses in that students are expected to have a wide range of non-academic experience as well as an honours degree. The majority of courses expect their potential students to have a minimum of 3 years experience working within the business and finance sector, with a clear idea of how they want their career to progress.
Those wishing to study an Executive MBA will be expected to have a minimum of 5 years experience.
How will the applications process work?
Unlike your undergraduate degree, you will have to apply to individual universities for a place on their course. As a result, the admissions process may differ depending on where you choose to study. For the most part, students will have to submit an application form complete with references and an academic degree transcript.
Some Universities will also expect applicants to sit the Graduate Management Admissions Test (GMAT) before offering them a place on the course. The GMAT is a 3 and a half hour exam split into four sections: analytical writing, integrated reasoning, quantitative, and verbal. It is a computer-based test and your score will be calculated not only on your answers, but also on the time it takes you to complete the test.
How longs will the course take?
The number of compulsory contact hours for your course will not only depend on your academic establishment, but also on your mode of study. For the majority of full-time MBAs, students will study for a year, attending between 14-18 hours of lectures and seminars a week and completing assignments during non-contact hours.
Many establishments also offer part-time or distance learning MBAs. Although the hours on these courses are lower, a part-time course will take twice as long. However, this particular mode of study is popular among students who wish to balance their MBA course with a part-time job.
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