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MBA course: This is the best time to get an MBA degree: Here’s how to ensure your choice in business school

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By Devashish Chakravarty

2020 is a great year Master of Business Administration If that is your wish. Due to the pandemic and economic depression, the job market is sluggish, it is best to use time to acquire new learning knowledge to promote your career development. Therefore, if you want an MBA, now is the best time to exit the job market and devote yourself to it. The following is how to ensure your choice in business school.

1. Why is it now a business school?

The reason you want one Master of Business Administration The seat should be rock solid, not just an escape hatch to get rid of the current chaos. First of all, you are a student in the last year or a fresh graduate and are trying to find a good start. A two-year MBA with a great brand will bring you back to the changing market with greater value. A good first job will increase your wealth by having a compound effect on your salary every year. Secondly, you want to change careers because either you don’t like your career or because your industry has been hit, such as tourism/hotel/telecommunications. Regardless of your past, an MBA can provide you with the credibility to change direction. Finally, you want to work in general management, not an expert in your field, and a good MBA is the best initial signal to find these positions. No other reason is worth it. Be aware that an MBA does not guarantee more money. People who excel in management and expert roles have equal opportunities for wealth creation.

2. How to choose?

In which country do you want to develop your business? Choose the country’s MBA program to get the greatest chance of graduation. Next, find the most credible MBA brand through news articles and conversations with alumni. The brand will remain on your resume for life. Cost, duration-two years or less for executives, education loans, post-MBA internships, and time away from family are other factors to consider. Create a few options to work hard.

3. Pay attention to the clock

Finally, start working hard to get the seat of your choice. Each MBA program has different selection requirements and strict deadlines. This stage is about managing your time and energy. If you are considering multiple applications while judging your work or balancing your college schedule, it is a daunting task if you want to do well in the first attempt. Write down the timetable for each stage of the MBA application process and allow enough time to deliver quality through limited applications, rather than pursuing quantity.

4. Crack test

Your MBA usually requires scores from entrance exams. For international and EMBA, it is usually GMAT, and for Indian business schools, it may be CAT/CET/MAT/others. For the GMAT, a score of 700+ is enough to be taken seriously. For Indian MBAs, test scores are often the biggest factor in shortlisting interviews. The correct way to get a high score lies in two simple steps. First, collect about 30 high-quality mock test questions and answers. Solve at least one problem every day, and master the solution to the problem that stumps you. After completing the batch, return to the first sheet and repeat the process. Complete three to four cycles in two or three months, and you are a ninja. The second step is to find the discipline to be prepared. If you need to quit your job, lower your academic performance, or attend a tutorial class to accept discipline, then do it.


5. Paper publication


From now on, it has become a team effort. Don’t try it alone. If the selection process requires several articles to answer questions about your life and career, then you need a group of people, especially other MBAs, to read your work and provide important feedback. The correct way to write is to review your life and motivations and communicate like a storyteller. Since you have never received training in this area, and do not have any experience, your initial output will be terrible. Seek help from a paid coach or person who directs the essay writing application. Read sample articles online. Before submitting a good story, please make sure that it has been rewritten 15-20 times after consulting multiple people. It may take a month to balance your exam preparation. At the same time, make sure that the former boss/colleague/professor will write a recommendation letter for you when needed. Discuss your storyline with them to make their work easier.

6. Let’s talk the last step

The interview process is the final obstacle, currently through video calls. This is also a key team effort. After submitting the paper, don’t wait for the shortlist for the interview. Download more than 100 standard MBA interview questions and enter the mock interview immediately. First, ask your family and close friends to set aside 30 minutes at a time for interviews and feedback, while you are working on the answers. Feedback includes content, presentation, communication, influence, and how well it fits the application essay. Once you are quite good, arrange mock interviews with people who have conducted multiple interviews or graduated from excellent business schools. About five interviews per day for three weeks will now provide you with your chosen MBA seat!

Reconsider your decision

1. Your pocket is empty

Should you or shouldn’t you study a full-time MBA? Consider the cost of an MBA. Coupled with the lost salary, that is what you could have earned at that time. Next is the interest burden on education loans. Is the cost of an MBA worth it? Will you quickly recover the cost through a higher salary?

2. You want to start a business

The actual learning of trying to build a business surpasses classroom learning. However, a good business school and a network of smart friends will increase access and credibility in the future. Consider taking short-term management courses at different well-known business schools at the beginning.

3. You are very happy

You love your industry. You like your functions and roles. You believe that an MBA certificate will qualify you for more opportunities in the same field or help you get promoted faster. You’re right. However, continue your work and choose a part-time/executive/online MBA to get similar benefits to your career.

4. Your skill is outstanding

You are an expert at your work. Few people can reach your professional level. Avoid MBA. Unless you don’t like your field at all, please continue your studies in the adjacent space to increase your professional knowledge instead of a comprehensive MBA education.

5. You don’t like people

You prefer the role of an individual contributor and don’t like teamwork or dealing with other people. After earning an MBA, you will seek a separate role, and the value of the degree will rapidly diminish. Why waste time and money to study for an MBA?

(The author is a professional coach, mentor, author of Yoursortinghat.com)

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