MBA: why it is needed
Increasingly, the requirements for applicants and job applicants themselves to meet the mysterious abbreviation MBA. These three letters are considered to be pass to the world of big business. Let's try to understand, what is an MBA program and why it is needed.
MBA is an abbreviation for Master of Business Administration. In Russian language this phrase often translated as "master of business administration". slightly less often - as "master of economic management" or "master of business administration". Actually, the MBA program is designed to prepare such masters - specialists in business management.
Universities teach lawyers and economists, programmers and doctors.And where do they train the leaders? Directors, chiefs, middle and senior managers? Nowhere. In the university you can get a diploma of an accountant, but not a diploma of a director. Becoming a boss, a person has to learn to lead people, manage the work process - often from scratch and at the cost of many mistakes. Avoid these errors and allows the MBA program.
The MBA program was created in order to to remedy the lack of qualified managers. who are versed in all the subtleties of personnel management and doing business. That is, if you work in a subordinate position and do not plan career growth, the MBA program is not for you. It is needed by those who have already received a leadership position or are serious about it.
The MBA program is not an alternative to higher education, and an important addition to it. An MBA degree does not replace the diploma of higher education, but will only be an additional confirmation of your professionalism. To obtain a master's degree in business administration, you must first obtain a higher education (economic, legal, technical — does not matter), solid work experience and advance your career. Only then it will truly be the point in getting an MBA.
MBA degree can be obtained in special educational institution - business school. Such schools are often created at universities. Different schools have different levels of prestige. Such well-known world publications as the Financial Times, US News and Business Week annually publish the ratings of the world's top business schools. Business schools that allow you to obtain an MBA degree are also in many large cities of the CIS. To avoid fraud, make sure that the school you choose is accredited - for example, AMBA, AACSB or EQUIS.
Different MBA program is designed for students with different goals and levels of knowledge and experience. Thus, the Mini MBA is a kind of "emergency" program, during which participants are taught the most important issues of business organization. And the Executive MBA is designed for experienced senior executives. The MBA program can be full-time (with a break from the main job), combined with the main work (part time) and distance (distance learning). Depending on the chosen program and the level of your preparation, the training process can take from two to five years.
However, program participants, and employers that require employees availability of MBA degree is often forget that MBA is not a panacea. It is intended for a certain circle of people, for managers and middle managers, others it simply is not needed. Unfortunately, the priority of "crust" prior knowledge and experience is firmly rooted in the minds of many businessmen. A master's degree in business administration require, even from those whose work is completely unrelated to running a business. Because MBA is fashionable and prestigious.
So the MBA program can be desired, if you :
- plan to take a leadership position or have already taken it, but I think that you could use an extra knowledge for a successful business
- work in a company oriented towards cooperation with foreign partners and clients — after all, the MBA program is more "sharpened" under Western management style
Deciding to get my MBA clearly define the goal. Why do you need this degree? What knowledge and skills you expect to obtain? How do you plan to use them in further work, so they do not become for you the "dead weight"? Formulating a goal, select credible business school and the appropriate form of training. And remember — no perseverance and self-discipline you will never become a qualified leader.