With growing demands from corporates and business houses and also the demands of the students themselves, there are different types of MBA degrees that are offered by Business Schools worldwide. The full time MBA programs are usually the most common variety. Students who are enrolled usually do so after prior work experience. The duration of the regular course is two years. The Accelerated MBA programs are a variation of the full time program where the students complete the entire course in 18 months, albeit with a heavier work load. The part time MBA programs usually hold classes on weekday evenings after normal work hours. This is specially suited for working professionals who want to extend their degree. This course usually takes around three years. Executive MBA (EMBA) programs were developed keeping the educational needs of the managers and senior executives in mind. It allows them to gain a MBA degree in two years or less while working full time. These days, with the growing boost in online education some of the online schools and various other business schools have started offering MBA degrees online. Please read Is An Online Degree Right for You? for further information regarding distance learning and online degree programs. You can also visit Business Schools for a listing of online and on campus colleges.
One of the most popular means of instruction in many business schools across the globe is the use of case studies. Some of the schools only use case studies to instruct their students. Most of these business cases are actual descriptions of historical business situations. In fact, case studies have been used by Business Schools for over a hundred years now. Ideally the case comprises of a profile of the company and details of its products, inventories, markets, competition, sales volume, market etc and their share in the success of the firm.
The most common paths graduate students take to get enrolled in a Business School is the Graduate Management Admission Test (GMAT), further information of the GMAT is provided here. Apart from the scores a student gets in the GMAT program, schools also take into account academic transcripts, statements of purpose, extra curricular activities etc. To ensure that the students can cope up with the rigors of the academic course of the institution/ university, the schools look at the GMAT score and the academic transcripts. Once students are short listed on the basis of this, schools further look at other aspects like extra curricular activities, social service, work experience and leadership abilities.
Business schools and MBA courses are accredited by various external bodies to provide an unbiased view of the quality of the institute in general or the course in particular. One of the most prestigious MBA accreditation bodies is the the Association to Advance Collegiate Schools of Business (AACSB.edu). In the United States, the Council of Higher Education Accreditation (CHEA) has six regional accreditation bodies within its fold. They are:
- Middle States Association of Colleges and Schools (MSA)
- New England Association of Schools and Colleges (NEASCSC)
- North Central Association of Colleges and Schools (NCA)
- Northwest Commission on Colleges and Universities (NWCCU)
- Southern Association of Colleges and Schools (SACS)
- Western Association of Schools and Colleges (WASC)
Any professional or accredited business school offers great advantages regardless of the line of work you ultimately enter. The basic principles of business communications, presentations, team-work, financial analysis, research, planning, etc. can be applied to almost any occupation at any level from consultant to manager to CEO, and even in your personal life.