Posted by - nukzn67 - on 3 June 2013 - 7:37am

• Posted by - avaross09 - on 18 October 2013 - 12:22pm

  Congrats for making the decision to further your education. I agree with Thomas, you would be an excellent candidate for an MBA. You do not necessarily need to take the GMAT. I attended the Fast Track program at Babson College, which does not often require the GMAT as long as you have solid work experience, and had an amazing experience. I learned a great deal, made connections in my field, and have become much more valuable in my job after attending. I highly recommend this program. Good luck!

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• Posted by - Thomas Graf - on 3 June 2013 - 12:11pm

  Hi there,

  thank you for your question. In my opinion, you are the perfect candidate for the Master of Business Administration (MBA).

  • You have an academic degree.
  • You have relevant work experience.
  • You are motivated to learn about management and advance in your job

  Please find more than 2,000 MBA programs on our MBA Compass website and have a look at our article "Differences between the MIM and the MBA" if you want to understand what the MIM is for.

  Second, I would strongly recommend you doing the GMAT, for several reasons. Most business schools require it, particularly the renowned ones. You can differentiate yourself from others by doing it. And if you reach a top score (> 650), you may be eligible for a merit-based scholarship at some schools. If you sdo NOT want to do the GMAT, you canuse our MBA Compass Search Engine filter "Entry requirements" to find programs that do not require the GMAT or accept alternative tests.

  As for the countries, there is no black (no jobs) and white (jobs) (un)fortunately. I would consider some countries that you always wanted to study or work and check for interesting schools first. And second, I would try to gain a general overview on MBA programs by screening the most important rankings, independent of the country. Rankings are not the only criterion - but they help you gain an overview on the educational landscape. Here you find an article that compares the most important MBA Rankings.

  Best wishes
  Thomas

  By Thomas Graf

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  • Posted by - nukzn67 - on 3 June 2013 - 1:05pm

    Few More Queries in Mind Thomas , It would be great if you can help.

    1. A MIM from a highly ranked university (Top 50 of world) vs. MBA from Medium grade university for my profile.

    2. If opting for finance after experience in IT for five years - a MSc Finance from a highly ranked university (Top 50 of world) vs. MBA from Medium grade university for my profile.

    Reply

  • Posted by - nukzn67 - on 3 June 2013 - 12:16pm

    Thanks Thomas.

    I had one more question.

    As of now I haev a degree in Information Technology and also the work experience in IT.

    But suppose at this point I want to chnage my career stream and work as an HR Manager. In that case will a MIM be better or an MBA.

    Thanks for your guidance.

    Reply

    • Posted by - Thomas Graf - on 3 June 2013 - 2:51pm

      Hi there again,

      thank you for your question. Let me recommend you again to read my article on the difference between a Master in Management (MIM) and the MBA. Both programs are masters in general management but the MIM is for people without work experience while the MBA is for people with work experience. Hence, the MIM is not an option for you.

      You could consider, however, a specialized Master, for example in Finance, Marketing, or HR Management. Maybe this is what you actually mean when you mention the "MIM". This could indeed make sense if you want to go into HR. The MBA provides you with an overview of many management functions while a specialized Master provides you with in-depth knowledge in one area - for instance HR management - and ideally contacts to employers.

      Note that you may be able to find a job in HR management with both types of education - the (general) MBA and the (specialized) Master in HR Management. I just want to provide you with the inspiration so that you can start investigating in both types of studies.

      As for your career plans, I think your chances would be the best with a master (MBA or HR Master) and an employer in the IT technology because the latter represents your core competence and your chances of findig a job might simply be higher in these industries. Hence, you wouldn't change the industry if you follow this logic - but you would change the function.

      If you want to find out highly ranked MBA programs, I recommend you again to check the rankings (cf. my ealrier post). I really think it is the best approach to gain a sense of reputation. Also consider my other advices mentioned above.

      Best wishes
      Thomas

      By Thomas Graf

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      • Posted by - nukzn67 - on 4 June 2013 - 10:20am

        Hi Thomas ,

        Thanks a lot for the help. This is opening up my mind.

        To summarize , What I understand now..

        1. MBA - For experienced professional , will be kind of general Management. MBA from highly reputed university will be comparitively hard as good profiles needed + High COST.

        2. Masters in Finance / HR : To specialize in masters and change from IT to Finance/Banking or HR. Comparatively cheaper and easy to get addmission in high ranked university.

        3. MIM : out of question for me.

        Job Prospects will be same for both point 1) and 2).

        Should take GMAT.

        Please comment on this , whether I am thinking right or wrong anywhere.

        Regards
        nukzn67

        Reply

        • Posted by - Thomas Graf - on 4 June 2013 - 9:17pm

          Hi there,

          thank you for your questions.

          "1) MBA - For experienced professional , will be kind of general Management. MBA from highly reputed university will be comparitively hard as good profiles needed + High COST."
          That's true. You need 2 years of work experience at minimum, often 3 years. And yes, the higher the reputation of a school and its MBA, the mor edifficult to get in and the higher the costs. Good schools offer scholarships, however, and at the end of the day not everyon needs to study at Harvard.

          "2) Masters in Finance / HR : To specialize in masters and change from IT to Finance/Banking or HR. Comparatively cheaper and easy to get addmission in high ranked university."
          The first part I agree. But whether it is cheaper and easier to get in may depend on what you compare. I doubt, for instance, whether it is easier to get in when you apply for a Master in HR at an Ivy League school as compared to an MBA at the same school. I suggest that you seach for programs first and then compare their admissions criteria and tuition fees - rather thinking about this in general terms.

          "3) MIM : out of question for me."
          Let's say: You could do it - at least, some schools would accept you eve though you have work experience. But I am not sure whether it is the best for you and whether the MBA - if you want a general management master - wouldn't be better. For instance, I expect that you learn much more if your classmates are experienced professionals as compared to graduates.

          "Job Prospects will be same for both point 1) and 2)."
          This is impossible to say as it depends on so many factors. Just imagine how many MBA programs there are, how many masters in HR or finance there are...Each program may offer totally different job prospects depending on the reputation of the school and the effectiveness of its career service. I see the difference rather in the content: With an MBA you gain general overview knowledge whereas with a specialized Master you get in-depth knowledge. This distinction has consequences for the jobs that you apply for: For instance, you apply for an HR position with a master in HR management. With the MBA, you are more open to other positions as well.

          "Should take GMAT."
          That's my personal recommendation. But you don't need to as many schools accept alternative tests as well (GRE or the school's own on-campus test).

          Best wishes
          Thomas

          By Thomas Graf

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