"Interesting Statistics about MBA Degree Programs"

"Interesting Statistics about MBA Degree Programs"

It’s great!!  You've finally decided to go for the MBA degree program of your choice and you’re raring to go, that's a really game changer step for your life!!

Today, we will put you across some of the unknown and very interesting facts about MBA Program!

So let’s get started:

Around 2 year back in Jan 2013...an article appeared on Quartz.com, written by Jay Bhatti, an MBA graduate from Wharton, stating that if a candidate cannot get into a “top five” school, then an MBA is not worth having.

It seems to have caused a bit of a stir

So it is worth taking a closer look to see if claims stack up.

There is a definite doubt, as mentioned in The Economist, that the value proposition of an MBA has changed markedly over the past decade or so. Tuition fees have, in many cases, more than doubled over that time, while the salaries of graduates are virtually unchanged (meaning that, if one bears in mind the rising cost of living, they have actually fallen in real terms). But that is something very different to saying that there is no return on investment.

But do the numbers stack up? The average salary increase an MBA graduate can expect from the “top five” schools—comparing their basic salaries immediately before matriculation and after graduation—is exactly 50%.

In the world of MBAs this is nothing remarkable. The average increase among all of the 120 schools surveyed by The Economist in 2012 is 74%. The basic salary a grad from a “top five” school can expect ranges from $112,000 at Kellogg to $127,000 at Stanford. Impressive, certainly!

But these are not the highest to be found. At IMD in Switzerland, for example, the average basic salary of an MBA who graduated last year is $145,000. At some schools in Australia, a country which has plenty of money sloshing about thanks to its booming mining and energy sectors, salaries can be even higher.

Let’s have some more facts:

One is that the percentage of students from the elite schools with a job lined up when they graduate is low and has been falling for years. Mr Bhatti extrapolates that the situation must be worse at less prestigious institutions. He writes, for example, that 75% of Stanford MBAs graduated with a job last year. This, he says is 19 percentage points down on four years ago. 

The Economist found that 95% of Stanford MBAs had a job within three months of graduation. The discrepancy may lie in whether those students who are not actively seeking work are included. Stanford's 95% figure is down by two points compared with 2008; hardly a collapse.

What Salary Can An MBA Graduate Expect?

In a recent survey, 60% of the students who were questioned about their MBA degree experience reported it as outstanding or excellent. Those who attended a full-time MBA degree program expected their salary to increase by 54%, while those attending a part-time MBA degree program expected a 43% salary increase.

Those who attended an executive MBA degree program reported an expected 33% increase after graduation. Many students, before applying for an MBA degree, spend some time attempting to figure out their return on investment for the time and cost involved.

They almost always find that the benefits, computed over a lifetime of earnings, far outweigh the cost and effort involved and therefore gladly enrol in the program of their choice.

The Economist said that although the average salary for the average MBA degree graduate did decrease during the recent recession, their salaries were still high.

The average 2010 graduate from the top MBA degree programs still pulled in more than $100,000 a year. Though these are figures from the top schools, you can expect to receive a relatively high salary once you have done your MBA degree program pretty much from any school.

And, when this salary difference is calculated over the entirety of your professional life, you will realise millions more dollars.

For many, making more cash is the only motivation they need to do an MBA degree.

Expectations about MBA Degree Programs:

People go to business school with expectations, high expectations. They enrol in MBA degree programs because they want to build fine lives full of gold-leafed happiness.

Much of this is tied to how much students think they will earn once they have done their MBA degrees.

The Graduate Management Admissions Council's (GMAC) "Global MBA Survey 2002" talked to MBA degree students and learned that on average an MBA degree student expected to earn 56% more after they have earned their MBA degree than they did before.

To most of us, 56% of our salary is a good chunk of change that is definitely worth a few years' worth of MBA degree studies.

Other expectations that students have are increased prestige and respect; the ability to work overseas and, perhaps the most important, the ability to give their family a better life.

Gender Equality Is Becoming A Reality:

The demographics of MBA degree programs are changing for the better. The Graduate Management Admissions Council reports that 105,900 females took the GMAT (the Graduate Management Admissions Test, the generally accepted standard for MBA degree prospects) last year.

That's the highest number ever. Of these, the United States had the largest number of exams taken by female citizens, with US women representing nearly 33% of global MBA degree candidates.

Interestingly, the largest representative percentages of female citizens taking the GMAT were from East Asia (54.6%). 

This suggests that East Asia's growing corporate gender equality is fast making them a model for the rest of the global community to follow.

MBA Degree Graduate Job Prospects:

According to the Graduate Management Admissions Council, more than 86% of last year's MBA degree graduates had a job at the time they completed their program. Further, nearly 91% of those in part time MBA degree programs had a job at graduation. 

Most promising, 96% of executive MBA  graduates had jobs at graduation (most of whom already had these jobs during school). 

These promising statistics are undoubtedly the reason behind the annual increase in MBA degree program enrollments.

Point to Note :

Remember one point throughout your life, whether you are a graduate from top-5, top10 or top-50 College...What make the college and program different, are students...i.e. “You”

You have to be completely involved in Cultural diversity, experience levels, industry verticals and global experience...These traits make the program 'richer' in experiencing the MBA education.

Hence, MBAs have to be pursued with a goal to make yourself an all rounder at the global platform thru the local way...it’s not necessary that you will go thru the world’s top-5 B-Schools, but you have to choose a B-schools which can be a gate way to the global stage, and all your experience, during the B-school study can help you walk thru the stage proudly...

Go, conquer the World!!

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Data References: The Economist & aib.edu

Copyright : Himanshu Chaudhary - 25/12/2014

“Which Road to choose : Guide to be a successful MBA Student”

Your Idea behind choosing the MBA, nowadays, is not just for the sake of adding a PG Degree in your portfolio, but more to gain exposure to areas where in you have absolutely no experience in.

This is true not only for you, but for every student who is choosing the MBA as the first choice for their higher education.

The so called “Competitive & Tough” Entrance exams are not the only filter from which the student needs to be piped out successfully but in order to succeed in a Competitive MBA Program, an MBA candidate needs to develop certain qualities, which should mark them as the different student from those not done the quality MBA.

So, in this neck throat competitive world, the best only wins!

We give you the 5 top qualities that make an ordinary student into a Great MBA student!

How to Sell: No matter what specialization you choose during your MBA, Be it HR, Marketing, Operations, IT or any other, you need to know how to sell your products or services. Today, not only the sales people should know the selling part better than others, but even if you are an HR student, you must know the selling tricks in order to sell your service to your customer. 

In this competitive world you should find the opportunities much easier than the past but at the same point of time, there are lot of competition running around you and if you do not possess the necessary selling skills you will be left behind in whatever the business area you will be working.

Decision Making: Any company which will take you after you qualified as an MBA, expects you to be a one minute manager, which means, you should take a decision like a quirk. The ability to make strong and quick decision will help you stand out from the other bunch of professionals. You need to remember that today’s world is very dynamic and is changing every second and the people who are not able to take the decision in fast and accurate manner will be left behind and soon you will be on the wrong side of dais.

There are lot of people around the world who have become successful in either in the corporate world or in their business field, and if you read about them or do a quick research on their success stories, the most common thing you will find out is that all these people at some point of time has taken some or the other quick and bold decision which had become the milestones.

So, at all the point of time during your MBA Course, try to take some bold and quick decision, be it during the study, presentation to the faculty, joining some of the training program etc. You need to realize the fact that it might happen that some of your decision may fall flat or not gave the desired result but at least you tried, no matter what the result, but still you are better than those who do not tried and just follow the laid down process and principles and for them the result also may be known at the start of their journey!

Discipline:  There is a very thin line between the discipline and Indiscipline students. MBA Course not only provides the degree of freedom to choose the subject, project, presentation, activities etc but these courses are the best way to learn the discipline in your personal and professional life. Students who are committed and wants to play it big in their professional life do take the full advantage of the MBA Course and learn the a-z of the discipline while completing the course.

Whether you join an MNC or start up you own venture, if you are not disciplined enough, people will not take your job serious and you will start losing the control of your life.

Leadership: MBA is most sought-after degree that is designed for the individual, wants to take the leadership role either in the organisation they worked for or even if they start their own venture. IBS MBA Course is the best available program which offers the high quality tools and techniques to the student in order to learn the best of the leadership skills.

Nowadays all the organisation wants their Manager to be the best leaders and even the organisation these days spend a lot of money on the program and activities which shall nurture the managers to a Leader.

Every student, during the MBA Course, can learn and enhance their leadership skills to their full advantage. MBA Courses are the best available platform for an individual to use and enhance their leadership qualities in order to make them grow in this competitive world shall use this as a ladder to grow fast in their corporate zone.

Clear Communication: It is always believe that people without the proper and clear communication cannot go far...It is always advisable that you must polish your communication skills even before joining the MBA Course. There is a say that you shall not undermine your opponent and this also holds true for the students of MBA Program. 

When you enter into an MBA College, you will encounter many students who are having an excellent command over English language and posses exuberant communication skills. At that point of the time many student start generating the felling of embarrassment and in the fear of that they avoid taking participation in many skill development programs offered during the course and thereafter left behind in learning the important skills and hence could not succeed in the corporate world.

Do not think that it’s necessary to have excellent communication skills even before you join the MBA college, as I mentioned above that it is advisable not mandatory, but you should never afraid of learning at any point of time, it is always recommended that you should take active participation in all the kinds of skill development programs and explore all the possible opportunities to make your communication skills as much better as can be.

So, the mantra of becoming a successful professional from an MBA Student is just one...

Do Not Fear!! Keep trying!  There are always two roads to walk in a professional life, one road will be the plane, simple, without bumper and with all the marks and signboards and this road will be the much walked in by most of the student turn professionals...

But, the other road will not have any signboard, much bumpy, have loads of sharp turn with many potholes and the distance will be the long enough to make you tired...but if you are able to walk this road even for some miles, you will be the one who are today a successful professional and Leaders !

So, while doing your MBA, 

Decide your road and just walk In !!

Copyright : Himanshu Chaudhary

"How to choose the relevant subjects during MBA"

So, Finally! You have decided to move your career to fast path by adding MBA degree to your career.

Now comes the second most critical step! Which subject to choose and which all not to!

Choosing the relevant subject during MBA can easily be decided by three step technology:-

Step One: Your subject till Graduation!

You should look back and consider all those subjects, you have read till the graduation...How well have you done in your graduation with those subjects?  Did those subjects were of your liking or not? If the answer is: I Did fairly well and yes I was liking the subjects in my grad then you should continue to read those subjects in Advanced module during MBA and become the master of those subjects...If the answer is otherwise, you should sit down, talk to your colleagues, take help of your teachers and seniors and should not hurry to choose your subjects.

Step Two: Exploring the Options and Become Multi-Master!

Many a times you would have came across such people who have chosen the subjects which they have never read in their career. They are the people who want to read and experience those subjects which have they have never came across in their study career and they want to give their career a second choice and they themselves want that they should have a backup in their career in terms of the subjects...

But you should be most careful if you want to choose the subjects like they did because I remember a famous say “Jack of all trade and master of none “...

But sometime most of the student have no options but have to choose different subjects with respect to what they have read in their grads....for e.g. an engineering student from the trade of Mechanical / Civil / Electrical have not relevant subjects in MBA...

But an MBA Degree to an Engineer is like “Sone Pe Suhaga” ...They should not treat themselves in Minority as compare to all those who have done BBA and now joined MBA, but these students must focus on the subjects like Sales, Marketing and Operations and let me tell you that there are huge demand out there in the market for these kind of students.

Step Three: What do you want to do after MBA?

Even though it’s the last step but the most critical and important factor...Because this step will differentiate you from rest of the others.

When a student joins the MBA Program, every parent start dreaming that after 2 years their child is going to join a BIG MNC firm or some company is going to hire their child for overseas project...There is absolutely no harm in seeing those dreams but it actually depends on you, completely on you, that whether you want to join an MNC or you have enough dare to become an entrepreneur!!

“Richard Branson knew he wanted to be an entrepreneur at a very early age, as do many successful businesspeople in every sector of the economy. Some people, it seems, know what they want to do almost from birth and cannot wait to start doing it. If you know your strengths, whether it be in entrepreneurship, finance or general management, and more importantly, you want to build on them, doing an MBA is an excellent means of achieving your goal.

"My MBA was a catalyst for helping me develop my entrepreneurial spirit and skills, and it gave me the confidence to pursue my career," said Elena Ambrosiadou, Cranfield MBA student in the Class of 1988 who is currently CEO of IKOS Partners. "It taught me how to build and maintain an international network of friends and how to seek out creativity and opportunity. It also taught me about leadership, teamwork and decision-making."

(For above two Para, Ref: http://www.accessmba.com/?id=2130)

Phoo!! Got stuck! Do not worry; do not think much right now...Just focus on the subjects you want to choose during your MBA Program...

I am pretty sure that while doing your MBA itself you will be able to know your strengths in a much better way and buy the end of IV Semester you would be clear in your mind as to what you have to do after MBA and so which subjects will help you in getting there...Or if you want you can take help of our Alumni network that are our one of the hallmark for years now !

For e.g. if you are an engineer and want to move your career in the automobile Industry, then you should choose operation as elective along with the Marketing and this will give your career a head start in such a way that you would not have imagined..

In such a way, if you are a finance grad and want to become a core financial professional then the Finance is the best elective to choose...In addition to MBA Program, you can also choose our CFA Course, which makes you the complete core financial professional and you will be a most sought person for many MNC Companies.

If you are a BBA Grads, Choosing the MBA subjects are an easy job if you want your career to move ahead in a rather well management and professional way, you are being offered our best of class Management subjects.

Or, if you want to choose to take your career in the Manpower space, then you are welcome to choose the MBA Program in Human Resource Management which will give you the definite edge in the current HR Space.

 In the end, I would like to maintain one point, that although, it is important to choose your favourite subjects during the MBA Program, what is more important is to keep your goal very clear from the day zero!

MBA Program is just a tool to help you making a confident and good manager who can manage the time and resource well as compare to others but actually it is you who is going to face the world everyday with new and never before challenges...you are therefore should keep your focus extremely right for whatever subjects you read and learn during your MBA!!

All the Best!

copyright : Himanshu Chaudhary - 14/12/2014