Business school admissions professionals must determine whether you have the ability to succeed both academically and professionally.There's a lot you can do to show them what a good candidate you are, but that is always easiest if you are clear in your knowledge of your own abilities and goals and how they fit in with the schools to which you apply.
Here's some advice for making sure you present yourself well as an MBA candidate:
Be honest. Admissions professionals are good at identifying when someone is just saying what they think the admissions committee wants to hear. Tell the truth about what you are looking to get out of the MBA degree, what your goals and aspirations are, what you are passionate about, and why you are interested in a given school and program.
Be realistic. It's one thing to say you want to be a great chef, but that may not be immediately attainable if you have never cooked anything in your life. Make sure that your career goals are based on an accurate assessment of your experience and skills (see Self-Assessment: The Real Edge). Also, make sure that your credentials match the typical admissions requirements of the schools to which you apply; with all the competition for seats in business school, you'll want to apply where you have a solid chance of being admitted.
Tell not only what you hope to gain but also what you want to contribute. Classmates are an important part of the MBA education. In fact, MBA grads say that the quality of their fellow students is an important part of their MBA experience. Show that you'll be a valuable member of the learning community.
Know about the school and program to which you are applying. In addition to talking in detail about yourself, you'll want to be able to show that you are familiar with the given school and why you are a good fit.
Pay attention to school culture and corporate culture. Part of being a good fit for a school has to do with the culture of the school—whether you will feel comfortable and be able to thrive in the learning community. A visit to campus will tell you more than anything about that aspect of fit; talking with former and current students can help, too. Cultural considerations shouldn't only factor into your school decisions; they should also affect the decisions you make about where to work. Some industries have unique cultures—companies in the tech sector, for instance, typically have a different culture from consulting firms and investment banks. There are cultural differences from company to company within one industry, as well. Know what kinds of cultures will be right for you. The CultureMatch report in the CareerLeader online assessment will help you determine the right cultures for you.
Go back to school at the right time. You will want to develop the right pre-MBA experience to aid your intended career switch or to help you further your current career with an MBA. Your post-MBA employment options will depend largely on your pre-MBA exposure and experience, so make sure that you have enough pre-MBA experience to help you take advantage of all the benefits the degree offers. Do research to find out what MBA employers expect and what MBA admissions committees factor into their considerations about candidates' employment outlook. If you don't feel you have enough work experience right now to benefit fully from an MBA, get some more career experience and apply later.(
Showing posts with label Entrepreneur. Show all posts
Showing posts with label Entrepreneur. Show all posts
Monday, February 18, 2008
Monday, February 4, 2008
Paying for Your MBA: Alternative ways to cut costs
Paying for Your MBA:Alternative ways to cut costs
There’s more to financial aid than the federal government, although it does offer some of the best loans and terms around. However, even the Fed can’t necessarily get you everything you need to get that MBA you’re after, so do a thorough job of checking out what is available to you. You might be surprised by what you find.
Alternative ways to cut costs
Before you take out a loan, put in the time to investigate every source of aid for which you may be eligible.
Payment plans
Check with the schools you're interested in to see if they offer payment arrangements to lessen out-of-pocket expenses. At some schools, you can divide tuition and other fees out over the course of a year rather than paying everything up front. If you have a steady source of income, such an alternative could be a godsend.
Tuition reimbursement
If you work while attending school, your employer may provide tuition assistance, so find out if you have this benefit. Make sure you’re clear on what’s covered and how your employer administers assistance. In most cases, you'll need to pay for your classes up front and then be refunded upon successful completion of your course work ("successful" is usually defined by maintaining a certain GPA, usually a B average or better). Every company has its own rules, however, so be sure to find out all the details before you apply.
If your company doesn't offer this benefit, you may want to make a persuasive argument to your boss for doing so —employers are always looking for ways to keep good employees. Be sure to explore any tax ramifications of accepting tuition reimbursement from your employer. In some cases, it may be taxed as income
Technorati Tags:
MBA, financial aid, scholarship, state aid, FAFSA
There’s more to financial aid than the federal government, although it does offer some of the best loans and terms around. However, even the Fed can’t necessarily get you everything you need to get that MBA you’re after, so do a thorough job of checking out what is available to you. You might be surprised by what you find.
Alternative ways to cut costs
Before you take out a loan, put in the time to investigate every source of aid for which you may be eligible.
Payment plans
Check with the schools you're interested in to see if they offer payment arrangements to lessen out-of-pocket expenses. At some schools, you can divide tuition and other fees out over the course of a year rather than paying everything up front. If you have a steady source of income, such an alternative could be a godsend.
Tuition reimbursement
If you work while attending school, your employer may provide tuition assistance, so find out if you have this benefit. Make sure you’re clear on what’s covered and how your employer administers assistance. In most cases, you'll need to pay for your classes up front and then be refunded upon successful completion of your course work ("successful" is usually defined by maintaining a certain GPA, usually a B average or better). Every company has its own rules, however, so be sure to find out all the details before you apply.
If your company doesn't offer this benefit, you may want to make a persuasive argument to your boss for doing so —employers are always looking for ways to keep good employees. Be sure to explore any tax ramifications of accepting tuition reimbursement from your employer. In some cases, it may be taxed as income
Technorati Tags:
MBA, financial aid, scholarship, state aid, FAFSA
Friday, January 25, 2008
Waste of Money for Would-Be Entrepreneurs
Seventy percent of the small business owners who participated in the survey indicated that an MBA degree isn't a big factor in determining entrepreneurial success.
SurePayroll President Michael Alter says that the survey results are not surprising.
"That's the beauty of entrepreneurship," said Alter. "Anybody can go into business regardless of their education. A person's level of education is isn't a big determinant of success. The things that matter are having a good business plan, finding a niche, being passionate about what you do, and working hard and smart to achieve your business goals."
The entrepreneurs who were surveyed clearly agree that formal education is not an essential ingredient for entrepreneurial success. Only 44 percent said that formal education is very important in preparing entrepreneurs for success. 51 percent said that education is only somewhat important and 5 percent said that education is not important. In a ranking of entrepreneurial success factors, formal education came in last.
SurePayroll President Michael Alter says that the survey results are not surprising.
"That's the beauty of entrepreneurship," said Alter. "Anybody can go into business regardless of their education. A person's level of education is isn't a big determinant of success. The things that matter are having a good business plan, finding a niche, being passionate about what you do, and working hard and smart to achieve your business goals."
The entrepreneurs who were surveyed clearly agree that formal education is not an essential ingredient for entrepreneurial success. Only 44 percent said that formal education is very important in preparing entrepreneurs for success. 51 percent said that education is only somewhat important and 5 percent said that education is not important. In a ranking of entrepreneurial success factors, formal education came in last.
Subscribe to:
Posts (Atom)