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Perks of Pursuing MBA in the Business World

Updated on August 12, 2015
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If you are a college graduate and want to start your own company or interested in making a company profitable, then you must opt for an MBA. Master of Business Administration (MBA) is basically a program that hones the skills of people for a business career. This course covers a wide range of business fields including finance, marketing, accounting, and management. You'll also get to know about various activities and functions that take place within a business firm. It will teach you how you can do a business to grow and make money.

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For pursuing an MBA, one needs to have the following qualifications:

  • A valid bachelor's degree with minimum 3 years duration in 10+2+3 years pattern or,

  • A recognized bachelor's degree in 10+3 years diploma + 3 years pattern

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Career options for MBA students

These days, there are a lot of big and small enterprises that prefer MBA students over graduates or other professionals. A lot of marketing, HR, management and MBA finance jobs can be found in different industries. Some of the job titles available in the different field of MBA include financial accounting consultant, human resource manager, financial analyst, project managers, information technology managers, branding specialist, etc.

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Top 5 MBA Institutes

Below is the list of top 5 MBA institutes in the world where students from all over the globe come to pursue this course:

1. Harvard Business School: Harvard Business School is one of the most prestigious business school throughout the world. Currently ranked 1st in the world, this institute offers full-time MBA programs.

Address:

Harvard Business School

Dillon House

Soldiers Field Boston

Massachusetts 02163

website: www.hbs.edu

Some of the highlights of programs offered by this business school are:

  • Full-time MBA course for 2 years

  • PhD program

  • Program for Leadership Development (PLD)

  • Executive MBA for working professionals

Other parameters of Harvard Business School are:

Average salary (in $): 179,910

Salary increase (%) : 96

2. London Business School (LBS): One of the top most business schools in London, London Business School has created an outstanding reputation by consistently ranking as one of the top MBA programs in the world. As per the global MBA ranking 2015, this on 2nd rank in the list.

Address:

London Business School

Regent's Park, London

NW1 4SA

United Kingdom

Website: http://www.london.edu/

Key programs offered by the institute include:

  • MBA

  • Masters in Management

  • Masters in Finance

  • Executive MBA

  • EMBA-Global

  • Sloan Masters in Leadership and Strategy

  • Executive Education

  • PhD

  • Dubai-London EMBA

Other parameters of LLB are:

Average salary (in $): 154,147

Salary increase (%) : 97

3. University of Pennsylvania: Wharton: It is one of the elite MBA colleges in The US and rank 3 in the global MBA ranking 2015. Both undergraduate and postgraduate programs are offered by this business school.

Address:

The Wharton School

University of Pennsylvania

420 Jon M. Huntsman Hall

3720 Walnut Street

Philadelphia, PA US 19104

USA

Major programs offered by the institute include:

  • Full-time MBA programs

  • EMBA

  • Undergraduates program

Other parameters of Wharton Business school are:

Average salary (in $): 171,543

Salary increase (%) : 90

4. Stanford Graduate School of Business: One of the seven schools of Stanford University, Stanford Graduate School of Business is located in California. Currently ranked 4 in the list of global MBA ranking 2015.

Address:

Stanford Graduate School of Business

518 Memorial Way

Stanford, CA 94305

US

Website: www.gsb.stanford.edu

Some best programs offered by the institute include:

  • Full-time MBA (2 years)

  • PhD program

  • Executive MBA for working professionals

  • Sloan MBA (10 months)

Other parameters of Stanford Graduate School of Business are:

Average salary (in $): 177,089

Salary increase (%) : 80

5. Insead: Located at Cedex, France this business schools is ranked 5th in the global MBA ranking 2015. It is one of the best MBA institutes in Europe offering executive MBA.

Address:

Europe Campus

Boulevard de Constance

77305 Fontainebleau Cedex,

France

Website: www.insead.edu

Some major programs offered by this business school include:

  • Full-time Master of Business Administration (MBA) program

  • Executive MBA for working professionals (1 year)

  • PhD in management program

  • Other executive education programs

Other parameters of Stanford Graduate School of Business are:

Average salary (in $): 155,015

Salary increase (%) : 86

These are some of the prestigious business schools in the world that assist its students in making a bright career. There are over 13,000 graduate schools of business throughout the world.

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Types of MBA Programs

Nowadays, different types of MBA programs are being introduced as per the needs and requirements of the students. Some of these programs include:

Full-time MBA (2 years): Considered as a standard program, it is a regular program intended for the students who can pursue this course for 2 years.

Part -time MBA: Those students who can not attend a full-time MBA course for any reason, can opt for part-time MBA program. This type of program often takes 3 to 4 years to complete.

Full-time MBA (1 year): This program is quite comprehensive. Due to the time constraints, students needs to take more classes as compared to most other full-time programs.

Executive MBA: Professionals who are looking to advance their career, can go for Executive MBA program. This program is usually of 2 years duration and can be completed part-time.

Online MBA: In order to save on time and commuting, students can enroll for online MBA programs. There are some reputable institutions such as Indiana University – Bloomington (Kelley), University of Texas – Dallas, Arizona State University, Thunderbird School of Global Management, Syracuse University, etc., which provide online MBA programs.

Specialty MBA: Students who would like to enhance their knowledge ion a particular area can opt for specialty MBA programs.

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MBA World Summit

MBA world summit is a pinnacle summit of the Global MBA community that invites around 100 most inspiring MBA students from various business schools throughout the world every year. The selection process of students is carried out by shortlisting few students for video interviews from a pool of over 3,000 applicants on the basis of certain criteria. After conducting the video interview, 100 most exception students are given the chance to attend this summit.

This submit is usually held for three days in which, the students and top executives from some of the well-renowned companies share their ideas and provided different professional networking opportunities with recruiters from the event's partners as well as fellow MBA students. It mainly focuses on nurturing three major points collaborative culture, facilitating high-impact exchange and championing interdisciplinary approaches to worldwide business problems.

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The upcoming MBA World Summit 2016

The upcoming MBA world summit 2016 will be held in the month of March from 9th to 11th March in Miami, US. This summit aims at:

Collaborative exchange of Ideas

MBA world summit is undeniably a great platform where the selected highly passionate and innovative students are allowed to share and exchange their thoughts. For this, ’Summit Laboratory Sessions’ are arranged in which, discussion on various topics is provoked amongst the participants to build a strong relationship between this group of upcoming business leaders.

Superior career opportunities and enriching talk with top executives

A small number of companies are also invited in this submit to share their valuable views and thoughts regarding the flourishing competition in the corporate sector with the participants. They also extend lucrative career opportunities to the participants. Students are also given the chance to discuss new perspectives and future possibilities in the business world with the leading executives.

It would be right to say that summits like MBA world summit are the most glorifying gateways for students to develop a powerful leadership network worldwide.

Conclusion:

Through a variety of MBA programs, students can nurture their leadership and business skills required to grow a business or company. It is definitely the most lucrative career choice in which there is no limit on what can be earned. In addition to smart salary package, one may also get the opportunity to earn bonuses or additional income.

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