• Like
Guide to MBA Studies in the US
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

Guide to MBA Studies in the US

  • 94 views
Published

An overview of MBA studies for students of Belgium intending on studying abroad in the United States.

An overview of MBA studies for students of Belgium intending on studying abroad in the United States.

Published in Education
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Be the first to comment
    Be the first to like this
No Downloads

Views

Total Views
94
On SlideShare
0
From Embeds
0
Number of Embeds
0

Actions

Shares
Downloads
5
Comments
0
Likes
0

Embeds 0

No embeds

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
    No notes for slide

Transcript

  • 1. MBA in the U.S.A.
  • 2. STUDIES OF BUSINESS ADMINISTRATION & MANAGEMENTAbout 300 American colleges and universities offer degree programs accredited by theAmerican Assembly of Collegiate Schools of Business, for studies in business administrationor management. These schools of business, business administration or management may beclassified in two groups on the basis of admission requirements and degrees granted:A. University/Undergraduate StudyAdmissions requirements: completion of secondary school education. Degrees: B.A. orB.B.A. after 4 years. The curriculum combines liberal arts subjects and technical businesstraining. Many schools in this category also have graduate programs leading to the Mastersdegree (M.S., MBA) or doctorate (Ph.D.), described below.B. Post-University/Graduate StudyAdmission requirements: completion of undergraduate study terminating in a B.A., B.S. orequivalent ("licence" - "licentiaat"). Graduate schools of business are open only to college oruniversity graduates and confer advanced degrees:The MBA - Master of Business Administration - provides a general approach to the study ofmanagement and a useful complement to earlier specialization in other fields. Generally atwo-year program.The M.S. - The Masters degree is designed to provide a high level of competence in aspecialized field for students holding Bachelors degrees in business and related fields. Thereare several types of Masters: • M.S.B . = Master of Science in Business, • M.S.B.A. = Master of Science in Business Administration, • M.S.M. = Master of Science in Management, • M.B.T. = Master of Business Taxation, • M.I.M = Master of International Management, and the • M.S.H.S.A = Master of Science in Health Services Administration.The M.S. requires one to two years of study. 2
  • 3. Doctorates such as the Ph.D. (Doctor of Philosophy in Business) or the D.BA. (Doctor ofBusiness Administration) are intended for persons planning to teach business at thepostgraduate university level or to undertake advanced research. It is not necessary to do anMBA before the doctorate. Students may start a doctoral program after university studies(licence/licentiaat). Joint degrees, combining business with such subjects as journalism, law,international relations, architecture, public health, engineering and social work are sometimespossible, both at the Masters and doctorate levels, depending upon previous education andmastery of the English language.C. MBA Program Components:The primary degree is the MBA, the Masters degree in Business Administration, which hasprestige throughout the international business world. Degree requirements and the length ofthe programs vary depending on the school. A full-time program generally takes two years,although some can be completed in one year.The two-year program usually has three components: core, concentration, and electivecourses. The first year consists of an intensive and integrated core program providing anintroduction to fundamental business concepts. It includes courses in accounting, finance,ethics, entrepreneurship, applied economics, organizational behavior, marketing, quantitativeanalysis, computer science, and business policy. In the second year, students selectconcentrations in the areas of their interests. Concentrations are offered in all core areas andalso in other fields such as international business, management, marketing, business law,personnel, labor management, etc. Or, students may design their own concentrationsaccording to their special interests and the courses available.D. Selecting an MBA Program:In selecting an MBA program, prospective applicants may want to compare the teachingmethods used by the individual business schools. Some schools favor the case-methodapproach (case-study), studying actual problems encountered by real corporations. Thismethodology is used extensively by many schools including: Harvard, Stanford, Wharton,Dartmouth, Virginia and Michigan. At the other pole is the quantitative and analyticalapproach, concentrating more on theory than on practice. This more traditional approach isquite common and involves attending lectures and extensive note-taking. Business schoolsknown to place emphasis on theory are Chicago, M.I.T., Carnegie-Mellon and Indiana. Arelatively new addition to business school’s teaching is the use of technology, computersimulations and in-company projects. Many business schools compromise in a balancebetween the various methodologies.Please note that the MBA is basically professional training for students who have neverstudied business administration, so no particular field of undergraduate study is required. Infact, the percentage of students in MBA programs with first university degrees in business orapplied economics is very low. Prospective applicants should, however, have had training incalculus (integral and differential), economic principles, and sometimes computerprogramming. Deficiencies in these areas may be overcome with "crash courses" oftenoffered by business schools the summer before the program starts. 3
  • 4. It is recommended that you apply to six to eight programs. When consulting the variousrankings for MBA programs, please remember that the number one program on the list maynot be the right one for you. Consider very carefully what you want from a program and whatprogram elements are the most important for you. It is important to keep your personal andprofessional goals in mind when choosing a MBA program. Admissions officers also stressthe benefits of campus visits and they encourage potential students to visit their universitiesand have a personal introduction and interview. When you are making your decisionsregarding which program to choose, it is helpful to speak to alumni and other students whohave gone through the program.E. MBA Admissions Factors include:  Application form  Previous study  Essays  Letters of recommendation  Professional experience  GMAT and TOEFL/IELTS scoresEach of these factors is discussed below.Application Form: The business schools application forms are often quite lengthy, andrequire much thought as well as time to complete. It is important to answer all questionscompletely. After initial contact with some universities, you may receive a PreliminaryApplication for admission. If you wish to receive the final application forms in time, you mustcomplete and return the preliminary form as soon as possible. Many business schools allowstudents to apply on-line. Applying on-line saves time and money (postage).Previous Study: All business schools require candidates to hold a Bachelors degree or itsequivalent ("licentiaat" - "licence"). As stated above, it is not necessary to have studiedbusiness to be accepted into an MBA program. Your academic results are also an importantelement in your application. You will be asked to provide "transcripts", which are lists ofcourses taken, year by year, indicating the number of hours each course met, results in eachcourse, and an explanation of the grading system. These documents must be prepared by orcertified by your university. Any document not in English must be accompanied by anEnglish translation which you may prepare yourself and have certified at the Commission forEducational Exchange.Essay: Most business schools ask for at least one essay question involving self-evaluation.To give an example, the Stanford Business School asks you to discuss the following points: asituation in which you had significant responsibility and what you learned from it; yourstrengths and weaknesses in the areas of setting and achieving goals, and in working withother people; your career aspirations and why you have decided to enter an MBA program;and how you might contribute to the learning experience of others in the MBA program. Readthe catalogs of each MBA program in order to see what their orientation is and to see whattype of students they are looking for. It is essential that you answer these questions with greatcare, creativity and honesty, neither underselling nor overselling your character, abilities,ambitions and experiences. 4
  • 5. Your application forms can play a substantial part in the Admissions Offices decisions, so tryto make your essays not only informative but interesting to read. Each application should betyped, unless the form specifically requires it to be handwritten.Letters of recommendation: You will usually be asked to supply the business schoolsadmissions officers with three references. They may be written by your lecturers, employers,or anyone else who KNOWS YOU WELL and who can comment on your intelligence andcharacter, and on your potential ability to succeed in business school and in the businessworld. References must be sent directly by the persons recommending you, to arrive at theAdmissions Offices before the application deadline.Professional Experience: Most Business Schools give preference, other itemsbeing equal, to applicants with at least two years of full-time business oradministrative experience! Students with experience in the business world are not onlylikely to gain more from the MBA curriculum than are inexperienced participants, but are alsoable to contribute more to class discussions and projects. They are also likely to be moreattractive to potential employers than are MBA graduates with no firsthand experience ofbusiness. Business schools that are theoretical in orientation accept more readily studentsstraight from university.Test Scores: Most American business schools require students to take the GraduateManagement Admission Test (GMAT), which is a 3½ hour computer adaptive test (CAT)measuring verbal, quantitative and analytical ability. The GMAT measures abilities that areassociated with success at graduate schools of management and attempts to measure howquickly and accurately you understand and retain given material and solve problems therefrom. Questions are verbal, analytical and mathematical in nature. The essay writingcomponent requires two pieces of analytical and persuasive writing. No knowledge ofbusiness is required. Scores range from 0 to 60 for each section (verbal and quantitative) andthere is an overall scaled score for the entire test which ranges from 200 to 800. Testpreparation books are available at our Commission and can be borrowed for a period of two-week intervals with a deposit of 25€. The universities recommend that students beginpreparing for the GMAT at least one -to- two months in advance of the actual test date.The GMAT can be taken at any time of the year in Brussels and in other cities around theworld. It should be taken no later than December if applying for September admission.Complete information on the GMAT, including registration forms is available in the AdvisingCenter of the Commission.The GMAT may be taken several times, if desired, but since it measures aptitude, scores arenot likely to change much by retaking it. Although the test can be repeated, taking it morethan twice is usually not viewed positively by admissions officers. Business schools also havedifferent policies in evaluating candidates with several GMAT scores: some may look at themost recent scores, or the best scores, or average them.It is very important to remember that the results of the GMAT are only one element in yourapplication. Admissions officers will be more interested in your academic results and workexperience than in the results of this standardized test. In addition, admissions officers realizethat foreign students generally have lower verbal scores than American students and consider 5
  • 6. this normal. On the other hand, foreign students usually score as well as Americans in themathematical sections.Foreign candidates are required to have a thorough knowledge of English and must pass anEnglish examination, generally the Test of English as a Foreign Language (TOEFL ibt) or theInternational English Language Testing System (IELTS). All American universities acceptTOEFL but please check to see that they accept IELTS prior to enrolling to take the exam.Not all universities accept it. Each university indicates in their catalog which exam and whatscores they require. Registration forms are available in the Commissions Advising Center.Books to prepare for these tests may be consulted in the Advising Center or borrowed with adeposit of 25€. It is also possible to buy the books at Waterstone’s bookstore: 71/75Boulevard Adolph Maxlaan, B-1000 Brussels. Tel.: 219.27.08. A list of institutions that offertest preparation for these tests may also be obtained at the Commission.When to Apply: It is very important to apply early. Some universities have only onedeadline date, others have several different deadlines. Others still might have "rollingadmissions", in which case applications are considered as they arrive. No application will beconsidered until it is complete, i.e., all the required documents have been received: applicationforms, application fee, academic results and diplomas with translations, letters ofrecommendation and test scores (GMAT, GRE and TOEFL). Since the best business schoolsreceive thousands of applications each year, you should apply as early as possible and longbefore the official application deadline.Financing: Most business students rely on a combination of loans, savings, and partialscholarships to finance their studies. Business schools rarely, if ever, award scholarshipscovering more than tuition, or even half-tuition, and assistantships are rare at the MBA level;the program is intensive and students are expected to devote their full time to their studies.Students applying directly to business school for financial aid are often required to submit aGAPSFAS (Graduate & Professional Schools Financial Aid Service) form, which can beobtained from GAPSFAS, Box 2614, Princeton, NJ O8541 USA.A limited number of highly competitive partial scholarships are offered through theCommission for Educational Exchange to citizens of Belgium and Luxembourg. A list ofthese awards may be obtained from the Commissions Advising Center.Below you will find suggestions on getting into business school and on filling out businessschool application forms. (From The Insiders Guide to the Top Ten Business Schools) TEN TIPS ON GETTING INTO BUSINESS SCHOOL1) Make sure that business school is right for you.2) Get as much information as possible on the schools to which you are applying.3) Build up your university grade point average (academic results).4) Prepare and register for the GMAT and TOEFL/IELTS tests.5) Get a solid grounding in math, economics, and English.6) Pursue leadership roles in university and community activities.7) Apply early. 6
  • 7. 8) Use any connections you have.9) Work for two to four years before you apply.10) Make the most of whatever opportunity you have in college or on a summer or regular job. TEN TIPS ON FILLING OUT THE BUSINESS SCHOOL APPLICATIONS1) Market yourself as a valuable addition to any MBA program.2) Be aggressive, both in style and content.3) Identify what you have done that is unusual, unique, or outstanding.4) Be justifiably proud of your accomplishments.5) Communicate that you are right for the school and the school is right for you.6) Keep essays short, interesting, and to the point.7) Make the application look professional: typed, neat and error free.8) Use professional references/recommendations and your network.9) Take your time and take it seriously.10) Be honest and candid.For more detailed information, prospective applicants may consult programs for graduatestudy in business, as well as other reference books at the: COMMISSION FOR EDUCATIONAL EXCHANGE Between The United States of America, Belgium and Luxembourg Royal Library, Boulevard de lEmpereur, 4, Keizerslaan, 1000 Brussels, Belgium Opening hours: Monday-Thursday: 10:00 a.m. to 1:00 p.m. Tel: (02) 519.57.72 ∙ Fax: (02) 519.57.73 ∙ adviser@fulbright.be ∙ www.fulbright.be 04/2008 7
  • 8. 8) Use any connections you have.9) Work for two to four years before you apply.10) Make the most of whatever opportunity you have in college or on a summer or regular job. TEN TIPS ON FILLING OUT THE BUSINESS SCHOOL APPLICATIONS1) Market yourself as a valuable addition to any MBA program.2) Be aggressive, both in style and content.3) Identify what you have done that is unusual, unique, or outstanding.4) Be justifiably proud of your accomplishments.5) Communicate that you are right for the school and the school is right for you.6) Keep essays short, interesting, and to the point.7) Make the application look professional: typed, neat and error free.8) Use professional references/recommendations and your network.9) Take your time and take it seriously.10) Be honest and candid.For more detailed information, prospective applicants may consult programs for graduatestudy in business, as well as other reference books at the: COMMISSION FOR EDUCATIONAL EXCHANGE Between The United States of America, Belgium and Luxembourg Royal Library, Boulevard de lEmpereur, 4, Keizerslaan, 1000 Brussels, Belgium Opening hours: Monday-Thursday: 10:00 a.m. to 1:00 p.m. Tel: (02) 519.57.72 ∙ Fax: (02) 519.57.73 ∙ adviser@fulbright.be ∙ www.fulbright.be 04/2008 7