Everything You Wanted to Know about an MBA Degree, But Were Too Afraid to Ask!

MBA TextIn 2002, when I applied to business school, I knew that “getting in” to a top MBA Program was no easy task.  There were so many parts to the process, including:

1) Understanding why I wanted to get an MBA in the first place.

2) Learning about the different types of MBA Programs and various Business Schools.

3) Researching financing options.

4) Approaching recommenders that could detail my strengths.

5) Completing applications and essays.

Once I took care of these parts, I realized there was so much more to do.  From interviews and on-campus visits to actually choosing the right school for me and preparing for academic and networking success, it seemed like a never-ending journey.  But it was one made a bit more manageable due to the influence of a few mentors, including some truly wonderful faculty members at UCLA and at the University of Michigan.

I was fortunate.  Not everyone may have mentors at the schools to which they apply.  As such, it is important for prospective applicants to do their own due diligence.  There is no substitute for research.  Furthermore, the importance of visiting schools and establishing connections with students, alumni, faculty, and staff cannot be overstated.  After all, the culture of the school is largely shaped by its community of scholars, and this culture is something that cannot be researched.  It must be experienced.

The value of an MBA from a top school is immense.  Graduates of the top schools earn salaries that are, on average, double or more of what graduates from other schools make.  Increased salaries are not the end of the story.  Greater career choice, increased job security, faster job promotions, more interesting work, higher status, and numerous other benefits also result from a top MBA, so it is no wonder that so many people want to get into the best school they can manage. Join me on College Smart Radio as we discuss all this and more…it will cover everything you have always wanted to know about an MBA degree, but were too afraid to ask!  If you have any specific questions not addressed on the show, I am happy to address them off-the-air.  You can reach me at npmehta@umich.edu.

This post was provided by Nirav Mehta, Associate Director at the University of Michigan, who was a guest on College Smart Radio “Tackling the Runaway Costs of College” on May 17th, 2014.  Listen to this broadcast on YouTube here.

Photo Credit: OpenSource.com

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