Tag: GMAT (page 1 of 17)

All about MBA at INSEAD business school

INSEAD is one of the world’s leading and prominent business graduate schools. With locations in Asia (Buona Vista, Singapore), the Middle East (Abu Dhabi, UAE), Europe (Fontainebleau, near Paris, France), and North America (San Francisco), it offers aspirants a truly immersive global experience. Additionally, INSEAD alliances with other top institutions to span its research and business education across the world.

INSEAD takes in candidates twice a year – every September and January. The power-packed 10-month MBA is spread across five periods, with each period lasting for about eight weeks. The program concludes with an essay, exam, and/or project.

The program is divided mainly into two parts. The first part gives you a robust foundation on management principles using 14 core courses. The second part offers you a choice to select from 75 different electives spanning across various subjects.

The MBA curriculum covers global content to keep you in sync with the macro business world’s latest trends.

What are the entry requirements for applying to INSEAD?

There is no minimum age limit for entry. INSEAD takes in candidates who have around two to ten years of professional work experience. The average work experience is six years. Candidates with more than ten years of work experience are recommended to enroll in one of the Executive MBA programs to get exposed to a more mature and experienced peer group.

INSEAD doesn’t have a minimum GPA requirement. They primarily look at grades received in courses taken and overall academic performance.

Which programs at INSEAD should I target?

Designed to equip global business leaders with skills to handle modern-day challenges and help organizations meet their business goals, INSEAD offers a wide variety of Master programs. Some of which are

  • Executive Education
  • Master in Management
  • MBA
  • Global Executive MBA
  • Executive Master in Finance
  • Executive Master in Change
  • Tsinghua-INSEAD Executive MBA
  • Business Foundations Certificate
  • PhD

Executive Education

Executive programs are tailor-made for executives at any stage in their career. The programs are designed to equip organizations with strategies to deal with unique challenges. The curriculum suits all organization levels and is delivered across multiple platforms. Programs offered for strategic transformation are:

  • Open, Online & Live Virtual Programs for individuals
  • Customized programs for organizations
  • Online programs for both individuals and organizations

The programs are offered in-person and continuously adapt to reflect the latest opportunities and needs. The education programs include Top Management Leadership, Marketing and Sales, Finance, Corporate Governance, Digital Transformation, R&D, Entrepreneurship, and many more.

Master in Management Program

This 14 to 16-month is an ideal start for your global career. The program empowers students into agile-thinking, innovation, and problem-solving orientation. The program is designed to answer the challenges of an uncertain world that we have to deal with every day.

With INSEAD’s master program, you unlock a global network of more than 60,000 prominent alumni across 175 countries. Experiential block courses are offered to leverage classroom learning in real-life business opportunities.

The course helps you tap into a global network of top recruiters in a broad range of industries. You acquire relevant skills and professional exposure to succeed at any job you land upon. INSEAD MBA is designed to thoroughly prepare you and equip you to reap benefits from a career in international business.

Master in Business Administration

INSEAD offers an accelerated and multi-cultural experience with this 10-month program. With over 80 different nationalities in a single classroom, the program develops thoughtful leaders and successful entrepreneurs. INSEAD alumni continue to create value for the community and their respective organizations.

The MBA program is powered by world-class professors who have been selected for the relevance of their research. The experienced faculty produces a powerful learning experience for the diverse student population. You also become part of the influential 29,000 members alumni network to grow your perspective.

The in-house Career Development Centre offers dedicated support throughout your stay on the campus and can help you in your career journey.

How to apply to INSEAD?

An online application platform takes care of the entire application process. The system allows you to work on different sections of the online application separately. You’re able to save the progress and come back later to pick up from where you left.

A list of documents needs to be attached to the application before submission. The application won’t be entertained unless all the required documents are included.

Additionally, candidates have to submit official transcripts from colleges that they have attended. Transcripts are allowed in English and French and must bear the official seal of the university or institution.

INSEAD Values

INSEAD develops responsible and competent leaders by bringing together people and ideas. The goal is to transform business and society through diversity.

Any single school of thought is not nurtured, and intellectual freedom is provided across institutional, financial, and decision-making processes.

An MBA not only enhances your knowledge and skills, it also changes your perspective towards life. INSEAD partners with international business fraternity to explore and imbibe the latest management skills. Consistent performance and top ratings make INSEAD one of the top choices for MBA aspirants around the world.

Over the years our admissions counselors have guided many MBA aspirants to their dream B-schools. Get in touch with us for application guidance and charting a personalized roadmap that will turn your INSEAD dream into reality.

Why do MBA graduates receive such high salaries?

It takes a fair amount of money to feel financially secure. Who doesn’t like to shop, pay rent, or eat out without being anxious? We often overlook such security when we have it. But it takes the necessary striving to reach that level. Students and professionals looking forward to breaking the bank, leading an organization, or starting a business someday are often attracted to an MBA program.

IN THIS BLOG:

1.  MBA salaries are some of the highest
2.  Which MBAs Have the Highest Salaries?
3.  Why are MBA Salaries so High?
4.  Versatile Skill Set
5.  Strategic Thinking Makes MBA Graduates Attractive to Recruiters
6.  Soft Skills and Communication Skills Sets MBA Hires Apart in the Hiring Process
7.  Time to Invest in an MBA!

1. MBA salaries are some of the highest

A fat paycheck and job security are some of the most important benefits of an MBA degree. An MBA graduate usually ends up earning much more than a person with a regular Master’s, even twice as much in some cases.

After an MBA, some popular career choices are management analyst, business operations manager, market research analyst, HR manager, top executive, etc. Average MBA salaries across the world as per the QS Jobs and Salary report are:

  • US – 102,100 USD/year
  • Canada – 111,100 USD/year
  • Australia – 98,400 USD/year
  • Singapore – 82,700 USD/year
  • UK – 92,400 USD/year
  • Switzerland – 123,500 USD/year
  • Germany – 77,200 USD/year
  • France – 116,200 USD/year
  • Italy – 86,400 USD/year

Professionals and students can cover the entire investment made on their MBA degree in not more than two or three years.

2. Which MBAs Have the Highest Salaries?

Although all MBAs are lucrative, few industries stand out and tend to pay better than others. MBA graduates earn the most in the following sectors:

  • Consulting
  • Financial Services
  • Technology
  • Healthcare
  • Consumer Packaged Goods

If your goal is to grab the fattest paycheck, choose an MBA program that would facilitate you with the necessary skill sets to work in one of these industries. But, be aware that just having an MBA degree would not help you bag a higher salary. Supporting features like bonuses, work experience, and how smartly you negotiate with HR will decide where you land up.

3. Why are MBA Salaries so High?

MBAs are trained to make an impact within a short period. Most global enterprise recruiters are confident that business schools prepare their students well to excel in any role they step into.

An MBA graduate has extensive access to a business network, which enhances their business management capabilities. So, they always have a deep understanding of the minutest change taking place in the macro business environment and to discover creative ways to adapt quickly.

What are your chances of getting into top 10 colleges in the USA?

Have you taken the GMAT before?

4. Versatile Skill Set

An MBA is the most effective way to widen your skill set quickly. The program offers a perfect platform for building up your skills, diversifying, and expanding your strength on new grounds. MBA new hires come with a wide breadth of knowledge, making them a perfect match for leadership positions, especially for managing teams across various functional areas.

At business school, students learn to deal with multiple responsibilities and still excel at each of them. Students have a better grasp of what to do and what not to do as, practically, one person can’t do everything.

5. Strategic Thinking Makes MBA Graduates Attractive to Recruiters

Strategic thinking is what sets apart an MBA graduate from the rest during a hiring session. For every current job opening, enterprise recruiters identify innovation and strategic thinking as the number one skill for a business graduate.

Innovation is not just about taking strategic decisions but also implementing them. MBA graduates creatively solve problems while managing people. Such skills that an MBA program teaches are highly sought after by modern-day employers.

Recruiters see that the demand for innovation and strategic thinking will grow in the next decade. Surveys are strongly indicating that MBA graduates who are investing in strategic thinking abilities will reap massive career benefits in the coming days.

6. Soft Skills and Communication Skills Sets MBA Hires Apart in the Hiring Process

Most of us conduct communication poorly, but that’s one skill we’ve to deal with every day. No transaction is complete without communication. Business schools play an essential role in developing communications skills. In addition to tech and hard data skills, the digital world requires soft skills like empathy and emotional intelligence. And, the demand for the same is growing by the clock.

Recruiters look for interpersonal skills as the essential quality in their prospects. They identify active listening, coordination, negotiation, perceptiveness, and persuasion as ‘must-have’ abilities in their ideal candidates. A managers’ ability to understand and connect at a human level will become even more necessary in an increasingly digitally focused future.

7. Time to Invest in an MBA!

Go for an MBA If you aim for a fat salary. The program sets you on an accelerated career path and sets you apart from the herd in the recruiting process. A survey done with Fortune 500 companies has unearthed that business school graduates tend to have the fastest-growth up to the top at every organization.

Whether you wish to switch the industry or want to advance to a managerial position, an MBA program’s diversity and versatility provide you with the necessary support to prepare for the same.

What is the scope of doing an MBA in international business?

Do you know what the singular greatest goal of any business is? Growth!

First, you want to raise your brand in your circle, then your city, moving on to your country and finally the goal is to go global. This is exactly how some of the world’s biggest companies have made it to their place. Take McDonald’s for instance, or even the famous Kentucky fried chicken, they started as little local fast-food restaurants, and now people compete all over the world to own their franchises. Other than restaurants, we have fortune 500 companies that started in Silicon Valley, and some even in garages, but now they have clients from individual people to entire governments. If you really think about it, most of these global MNCs boast multi-billion-dollar revenues. And who’s behind managing all this money and global connections? You guessed it, international business majors!

With today’s world fast approaching globalization, there really is no company that belongs to a single country, raw materials come from one place, production and manufacturing happen elsewhere, and distribution is a whole other ballgame. An IB major can open you up to all aspects of running a business, right from acquiring capital to branching out globally.

Is an MBA in international business worth it?

Have you taken the GMAT before?

Now how do you become one? And who is it ideal for? The most common route is to pursue an MBA in international business abroad or your own country. We stress studying abroad because it has an added advantage of getting placements in that location, if this isn’t for you, top schools in the country offer amazing global business programs too. Also, there is no doubt that for an MBA in international business, the scope is super high. And if you’re wondering what they teach, read on!

MBA is a holistic management degree, meaning that although you might have a particular focus of study, the core of management is taught to everyone. The curriculum of an international business MBA or IMBA have a lot of case studies, and most often include a short overseas trip, project, or internship that allows you to work with global brands for added experience. In the first few months of an IB degree, you will study fundamentals with extra attention to managing international businesses. Moving on to the later parts, you can choose a focus of study like finance, marketing, foreign exchange, operations, logistics, supply chain management and more. Working in one country is complicated enough, and working on an international scale needs some serious skill, so be sure to pick a specialization you are passionate about.

Now, where can you pursue one? Here we’ve picked out the top 10 MBA in international business programs according to the QS world rankings, take a look.

  1. INSEAD Singapore, Singapore
  2. Harvard Business School, USA
  3. Wharton School of Business, USA
  4. London Business School, UK
  5. IE Business School, Spain
  6. ASU – Thunderbird School of Global Management, USA
  7. Stanford Graduate School of Business, USA
  8. Marshall School of Business, USA
  9. Judge Business School, UK
  10. Booth School of Business, Chicago USA

Apart from these, there are tons of schools that offer reputed international MBAs with many more added incentives, to know about them be sure to reach out to us!

Are you curious about the jobs for an MBA in international business graduate?

Have you taken the GMAT before?

Worry not, this is one of the most successful and in-demand business fields. The world is focused on connectivity and trade, especially now since countries are attempting to bounce back from the economic chaos that the coronavirus has caused. So, now more than ever the demand for international business experts has risen, and high demand means countless career opportunities.

Initially, you will work in an area that compliments your major focus of study. But the good news is that the all-round business education an MBA offers makes it possible to change your domain later on as well. In fact, most of your projects will require you to work in close connection with other departments and countries, so there’s truly unlimited learning potential, and a lot of travel too. Some of the most common careers chosen are in international marketing, finance, global supply chain management, consulting, imports/exports and international logistics. Moreover, by pursuing an MBA in international business, your starting salary unlocks a new level. The average is around the $115,000 mark, a six-figure salary indeed.

The jobs after an MBA in international business are many, especially if you pursue it from a reputed institute. While Harvard, Stanford are known brands, there are so many more quality institutes that deliver knowledge on par with these top institutes, and tons of these B-Schools have an amazing alumni network. So, if you’re interested in finding out more such colleges, and upping your chances of getting into them, reach out to our admissions experts today!

Found this post interesting? Be sure to check out:

Top colleges for pursuing Masters in international business in UK

What happens to global business in the face of a worldwide pandemic? How are foreign markets behaving now? How to improve international sales and operations? These are real-world business challenges, and the solutions to these questions are in a truly specialized management degree; International Business.

A masters in international business allows you to solve relevant problems in all branches of management, and students who take up this degree move on to build careers in multi-national corporations as international marketers, business strategists, financial experts and managers of the highest level. And, if you are one of those people who aim to apply your business education to an international context, then this is the program for you.

While the international business degree is fast gaining popularity all across the globe, UK has caught our eye. And rightly so, because a Masters in International Business in UK is worth more than just the degree. This island nation is one of the leading forces when it comes to foreign trade in all of Europe, and it is also known to be a master in the finance enterprise. Other than this, many key industries such as healthcare, information technology, manufacturing and more, operate here on a large scale, so there really is no shortage of quality careers.

Convinced yet? If you’ve made up your mind to pursue this major, read on to find 5 of the top universities in UK for masters in international business.

  1. Global Masters in Management
    London Business School
  2. LBS is ranked as the number one business school in UK, and stands at #3 internationally for its masters in management programs. The global MIM here is a one-of-a-kind international business course in UK. As a student, you will study at two premier schools and receive two separate degrees, a MIM from London Business school and an MSc in International Business from Fudan University, Shanghai. Moreover, LBS boasts a 100% placement rate for its MIM graduates.

    Cost: £45,000 for 2 years

    Duration: 2 Years

  3. Global Master’s in Management
    The London School of Economics and Political Science
  4. LSE is another top business school in all of UK and a close competitor to LBS. The Global Masters in Management program is a unique two-year program and this is the only place where you can get the CEMS double degree. LSE has a fantastic network with 32 business schools as partners and over 65 corporate partners, not to mention their massive alumni network. Also, you can choose your electives from a wide catalogue of subjects, and specialize in what interests you.

    Cost: £65,000 for 2 years

    Duration: 2 Years, full time only

  5. MSc International Business
    Warwick Business School (WBS)
  6. WBS is one of the top business schools in UK with a strong global influence. It ranks third on the Palmes league, right after LBS and LSE. Warwick is known widely for its international business program because the curriculum allows students to focus on global practice. Moreover, the CareerPlus Service and alumni network at Warwick introduce you to top internships and job offers while still at school. For the final project, you can choose between submitting a thesis and pursuing a business in practice route, for which you will need to undergo additional training.

    Cost: £30,000

    Duration: 12 months

  7. Masters in International Business
    Hult International Business School, London
  8. Hult is a globally recognized brand with 6 different campuses, New York, Boston, and London included, and it is also one of the very few universities with triple accreditation. The Hult London school for graduate business studies, in their own words, is one that offers a dynamic and global atmosphere, and the international business program here stands 17th in the world according to The Economists ranking of 2019.

    Cost: £34,000

    Duration: 12 months

    Other Programs: Masters in International Marketing

  9. MA/MSc International Business and Management
    Westminster Business School
  10. The International Business and Management program at Westminster has a diverse class with almost three-quarters of students coming in from all around the world. The focus is on experiential learning, and as a student, you will get a chance to interact with well-established businesses in the form of visits, field trips, workshops, seminars and case studies. Moreover, there is an additional overseas study trip as part of the course curriculum.

    Cost: £17,000

    Duration: 12 months, Full time

    Other Programs: International Development Management, International Economic Policy and Analysis, International Human Resource Management

    Apart from these, some other universities that offer programs in international business management in the UK are:

    • Queen Mary University of London (QMUL)
    • Alliance Manchester Business School (The University of Manchester)
    • Nottingham Business School (Nottingham Trent University)
    • Lancaster University Management School (LUMS)
    • Brunel Business School (Brunel University London)
    • Northampton Business School (The University of Northampton)
    • Adam Smith Business School (University of Glasgow)

    A traditional MBA while still is and forever will be a golden degree, in the current world, specialists are greatly valued. Take the example of today’s global pandemic situation, with countrywide lockdowns and individual regulations, nearly all MNCs are facing tons of challenges. And now more than ever, international business specialists are required. So, if this is your choice of major, reach out to us for a quick chat with our admission experts, they’ll advise you on the best way to go about fulfilling your dream.

    Check out the 10 Most Affordable Universities in UK!

10 ways to manage your money while studying abroad!

With countries like the US, UK, Australia and Canada emerging as educational hotspots with fantastic universities, more and more students are looking to pursue their education abroad. And rightly so, not only do you receive a global experience, but the post-study job offers get you some big bucks, with graduate salaries around the $100,000 mark. But all things aside, it’s a well-known fact that studying abroad is a costly endeavour. And if you don’t have a proper plan to take care of your finances, you’ll be pinching pennies to get by.

It’s always better to have extra money than too less, right? Many students end up spending too much and struggling to make ends meet while at university, and often miss out on the whole college experience. So, we’re here with 10 ways to help you manage your money while studying abroad. Let’s get right to it!

  1. Student Pass
  2. One perk of being a college student is the endless list of coupons and discounts you get. From restaurants, transport, cinemas, shops, grocery stores or even local events, just showing your student pass can save you a lot of money. So, try to get hold of your student ID as soon as you set foot in the university.

  3. Monthly Budget
  4. It’s absolutely imperative that you have a monthly budget, and that you stick to it too. If possible, try to save a little bit so you can splurge once in a while. Most students end up overspending when they first arrive at a new country, while it’s true that you’ll need extra funds to settle down at the beginning, try to fix and follow a budget within the first two months.

  5. Living Expenses
  6. Rent usually eats up a major portion of your budget, whether you’re living on campus or off. Each option has its own pros and cons, so see which works for you best. And if you’re choosing to live outside, consider moving in with a roommate to cut costs. Check out our student accommodation value added service for information on available and affordable places off-campus. Some other things to keep track of are your utility and grocery bills.

  7. Food
  8. You’ll probably notice that on adding up all your restaurant and takeout bills, it’ll reach a couple of thousand dollars a month. Food is expensive, especially if you’re eating out for every single meal. And factor in the American tipping culture, you’re better off cooking your own food at home. It’ll cost half as much, and is better for your health as well. Also, if you are eating out, try to cash in some student offers.

  9. Travel
  10. Try to limit taxi rides to when they are really required as they cost a fortune. If you’re living on campus, or near it, consider getting yourself a bicycle instead. Also, make use of the very convenient public transport network, you could sign up for a bus or metro pass if you’re a frequent traveller.

  11. Phone Plan
  12. Do a little bit of research and find a phone or broadband plan that is best for you. There’s a good chance that you will be paying for a bunch of add-ons you don’t need, so try to scrap these. All the months added up can save you some serious cash.

  13. Local Bank Account
  14. Transferring money every now and then from an Indian bank to a foreign one might cause a significant portion of your funds to be eaten up as transaction charges from both ends. One of the first things that you should do is open up a local bank account, preferably one that your college has ties with. Also, keep a close eye on exchange rates to spot the best time to transfer money.

  15. College costs
  16. Do your research well beforehand, to see if you are eligible for any financial aid or scholarships. Also, apart from the initial scholarships, some universities have grants for top students in the form of cash or allowances, aim to do your best at school, so you are considered for such awards. Other than tuition, expenses for books and materials is also significant so try to look for pre-used or online books on Amazon, Chegg, etc. Even better, consider signing up for a library membership.

  17. Insurance
  18. Medical bills are quite expensive in countries like the USA, so if you’re studying there don’t be reluctant to spend enough on health insurance. You never know when you might fall sick, whether it’s as small as a cold or as big as a global pandemic aka, the coronavirus.

  19. Additional Income
  20. As a student, you can take up part-time work, but make sure it doesn’t overshadow your studies. Most colleges offer on-campus jobs so check with the university office to find out any openings. You can also take up freelance projects, or look into investing your savings so you can build an additional source of income.

Studying abroad is expensive, but going about your expenses the right way can make sure you have a fulfilling and comfortable university experience. Contact us to get the best scholarships and grants for your profile today!

All about MBA at HEC Paris!

The MBA is undoubtedly one of the most elite degrees, and rightly so; because no company can run without management. And attaining a formal business education is the smartest way to get ahead in your career. Whether you’re aiming for the next promotion, looking to switch entire industries or start your very own company, an MBA is your golden ticket, and, if you pursue one from a top university, the sky is your limit. One such institute that holds the crown in all of Europe is HEC Paris.

Located in the city of lights, HEC Paris has held its reputation as one of the top international management universities for almost 140 years and its flagship MBA program is ranked 5th in the entire world (QS Global MBA Rankings 2021). This is also among the most selective schools in all of Europe, with the HEC Paris MBA acceptance rate ranging around 5-6%. HEC is also one of the very few institutes in the world that holds triple accreditation (AACSB, AMBA, EQUIS). Did you know? HEC holds the record for the most alumni that are Fortune 500 CEOs, surprisingly it’s not Harvard! Here are 5 more reasons you should consider this top B-school.

  1. Top Ranked MBA
  2. The HEC Paris MBA ranking is #1 among European Business Schools (Financial Times 2019) and 5th in the world (QS World Rankings). The faculty and team at HEC are highly experienced academicians and aim to create business leaders of the future. What more do you need to confirm that this school provides a competitive and globally recognized education to its students?

  3. Return on Investment
  4. The HEC Paris MBA fees is 72,500 € ($85,000) plus you can get generous scholarships. In comparison to programs in top Business schools in the US, UK and Australia which have an average tuition fee upwards of $100,000, the HEC MBA is less expensive and extra valuable. Moreover, the MBA class at HEC on an average doubled their previous salaries, and the mean value stands at about $128,000/ Year. See? Your salary will be more than your entire tuition fees combined, a terrific ROI indeed.

  5. Global Exposure
  6. Did we mention that HEC Paris is truly an international Business school? Each class has about 60 nationalities, and the diversity rate here is 93%. Meaning that for every 100 students, 93 of them are international. The HEC MBA is a great opportunity to connect and learn from students all over the world. You can build a global network which can help greatly in advancing your career.

  7. Alumni Base
  8. HEC has over 60,000 alumni across 152 countries, and an active alumni association. They hold events, workshops and offer career advice. You can always contact alumni for advice on advancing your career, in this vast network of people, there’s bound to be someone who can help you. Moreover, alumni reach out to HEC graduates with top job offers, and you might even get a referral for your dream company.

  9. Change Role or Industry
  10. The MBA program here is perfect for you if you’re looking to change your industry, the records for 2019 show that 82% of their graduates ended up working in a different sector from before their MBA. Also, 70% of their students swap functions, be it from tech to management, operations to finance or anything else. So, rest assured that you will have proper guidance and support to pursue your dream job, in your ideal sector and your chosen country.

Convinced? If you are, then let’s take a look at the different programs offered and the HEC Paris MBA requirements.

  • MBA
  • The full-time MBA at HEC Paris is its flagship program. It runs for 16 months and the teaching language in English. You can choose to do a specialization in disciplines like digital innovation, entrepreneurship, strategy, sustainable innovation, etc.

    Intakes: Jan and Dec
    Requirements: Work experience of 2-10 years
    Cost: 72,500 €

  • Executive MBA
  • Ideal for professionals with extensive work experience, the EMBA at HEC is ranked among the top in Europe. This is a part-time program that runs for a duration of 15 to 18 months. You can choose to specialize in areas such as Negotiation and governance, Change Management, Social Business, Strategy and more.

    Requirements: Work experience of 8-20 years
    Cost: 82,950 €

  • TRIUM Global Executive MBA
  • This is a part-time EMBA that is ideal for high-level executives who are working internationally. The program is run collectively by three top B-schools, HEC Paris, London School of Economics & Political Science and the Stern School of Business (New York University).

    Requirements: Work experience of 8-20 years
    Cost: 185,150 $

HEC Paris is also known for two master’s programs, its MSc in international finance and it’s Masters in Management, but that’s an article for another day so keep a lookout.

HEC Paris offers a world-class education with the luxury of studying in Paris. So, if this has turned out to be your dream school, reach out to us to find out more exclusive info and get advice on your application. Remember, the acceptance rate is 6%, so there’s nothing wrong with getting all the help you can!

Specialized MBA vs General MBA – Which is better in the post-COVID world?

Who would’ve thought that the 21st century would see a pandemic, right? With advanced healthcare, increased life spans and an overall advancement in technology, it’s surprising that a tiny virus could cause such global chaos. However, on this dark cloud, there’s a faint silver lining for MBA students. GMAC’s recent corporate survey states that 89% of employers are planning to hire MBA graduates. This number dipped to 77% during the second wave of the lockdown, scaring off a lot of potential students. So now you know that an MBA is still very much in demand, and pursuing one right now will definitely give you an edge.

The real question is, what kind of MBA should you pick? Glad you asked! There are two broad buckets that MBA’s can be divided into; a general MBA vs a specialized MBA. In this blog, we will analyze the pros and cons of each type and help you get to an answer for the looming question above.

  • The General MBA.
  • Through a general MBA, you can develop a broader knowledge base. You will learn the fundamentals of almost everything business-related, and the skills developed here can be used across various industries. Also, you will have the chance to acquire relevant soft skills such as critical thinking, communication and creativity. And the demand for these all-rounders is pretty high.

    The drawbacks are that you might not get a chance to work in your dream industry (if you have one). Another major concern is the fact that MBA’s require both monetary and time investment, so it’s important to figure out beforehand if you can afford to spend it. A general MBA is ideal if you’re looking for a career change, or have no particular role or industry in mind.

  • The Specialized MBA
  • Here, there are two more types, a specialized MBA and an MBA with a specialization. The primary difference between these two is that the former only teaches you about one particular domain and often lasts for about a year. However, an MBA with a specialization usually takes longer, and here you will not only focus on a particular domain but learn the ropes of everything that’s covered in a general MBA too. This is a perfect choice if you have a particular role or a specific industry in mind.

    Here’s some more information about the most in-demand MBA specializations and the answer to the age-old question, which MBA specialization is best paid!

  • Finance–Say you are an engineer who’s interested in the stock market, pursuing a specialization in finance will get you to your dream career as a financial analyst, or an investment banker. This is one of the top paid MBA specializations, with starting salaries of $70,000.
  • Marketing – What use is a product that no one knows about? A marketing specialization requires dynamic and flexible leaders. They operate at the front end and are usually the direct link between a company and its target customers.
  • Operations – A business can only run properly if everything works in a system. The operations team handles this aspect of a company. Here the career options are endless, and you can get into supply chain management, strategy consulting, logistics, quality control and more. The early career pay is about $80,000.
  • Human Resource – HRs are leaders who are capable of finding and managing talent. It’s also one of the most vital components of any company because it deals with employee well-being. A GMAC survey states that the requirement for HRs will go up by 9% in the next 3 years and the average salaries are in the $60,000 range.
  • Entrepreneurship – This program is designed specifically for those who want to pursue entrepreneurship, either as a founder, manager or investor. There are a ton of ideas that are put into action every day, and all these companies need professionals to help it reach its full potential. Here you will focus on business strategies, risk analysis, risk management and other domains.

In the context of which is the best MBA specialization for the future, or which type is most beneficial in the post-COVID world, we would say go with what you really want. A business is made up of many things, and all these specializations work together to build the best brand possible. While the demand for certain MBA specializations may fluctuate due to exogenous factors, employability largely remains stable in the long term. So the question you should really ask yourself is whether you want to be a jack of all trades or a scholar in one.

What we’ve discussed is but a handful of specializations and to keep up with the current world’s requirements, several unconventional concentrations have come to light. Some examples are information technology, corporate social responsibility (CSR) and healthcare. So do your research and pick out the one that best suits you. If you aren’t too sure or need a little help, book a free session with our counsellors. They’ll be sure to support you in carving a path to your dream career, like they have helped the thousands of students before you.

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