Important MBA questions

Important MBA questions

WHAT IS A MBA? WHAT’S THE MEANING OF MBA?

MBA is the acronym for Master of Business Administration, the Postgraduate program with the most international acknowledgment and prestige. It is directed to undergraduate Degree holders and professionals that wish to develop their activity in the business management area. 

Why study a MBA?

Study a MBA allows you to meet career partners and consolidated teachers in the business world, generating possibilities of collaboration. This is a fantastic way of networking and creating a contacts network useful for the future.

How long does a MBA last at Harvard?

The Harvard Business School offers a two-year MBA program. 

What does it mean to have a MBA?

A MBA (Master of Business Administration) is a master’s Degree that allows you to develop management skills to reach manager spots.

What’s the salary of a MBA?

In United States. According to IPADE Business School, the average salary of a fresh MBA graduate in Mexico is $50,000 monthly if you studied in Mexico and $65,000 pesos if you studied in United States.

How to know if a MBA is official?

In Spain, all the official titles that are given in the country are registered in the Register of Universities, Centers and Titles (RUCT is the acronym in Spanish) that the Ministry of Education keeps track of. If you have doubts if a Master’s Degree you are looking at is official, search for it on the RUCT and that’s it. 

What’s learned in a MBA?

In general terms, in a MBA, it is learned everything that is needed to: start your own business, specialize in a concrete business area, have more job opportunities and get promoted, professionally, inside the area where the future of the employee is already being worked.

Should I study a MBA?

It all depends on what you want to accomplish with it. The answer is yes, if:

You have, or you want a manager position. This can be in any industry, public or private. A lot of employees require a MBA to reach certain leadership or management spots.

You have or you are planning on starting a business. As an owner of a small or big company, you must know about everything, from accounting to marketing, and a MBA can give you that knowledge.

You are looking to improve your professional network. A lot of MBA graduates think that a big part of the value of a MBA comes from the professional network that they develop while studying. These graduates have said that from their old network of MBA partners they have gotten new job opportunities, have widened their professional networks or have started a business together.

But, if you are not working in a manager position, or you are simply waiting to get a better job and earn more money, without having a well-designed plan, then a MBA is not going to be very useful.

If what you are looking for is improve your skills, knowledge and job opportunities, but you are not going to be in management positions, you should reconsider a Master’s Degree with a specialization in your area of interest.

WHAT MBA PROGRAMS CAN I STUDY?

Depending on your needs and budget there are different kinds and MBA program modules. They can be national and international; simple Degree, Degree and certificates, or double Degrees; in-person or virtual (online) module. 

WHAT’S STUDYING A MBA USEFUL FOR? WHAT ARE THE BENEFITS?

It allows the professional to acquire skills and knowledge in functional areas needed to manage a company (financial management, strategic management, marketing, operations, etc.). The goal is to learn to manage a company in a changing and competitive environment. Moreover, it allows you to meet more professionals (leaders and managers).

WHAT’S THE DIFFERENCE BETWEEN A MBA AND A MASTER’S DEGREE?

A MBA is a Master’s Degree in Business Administration. You acquire management skills for different areas of the company in a global way. It is thought for leadership spots and department management. On the other hand, a Master’s Degree is focused on the specialization in a determined area (Marketing, Logistics, Human Resources, etc.).

HOW CAN I GET ACCESS TO A SCHOLARSHIP TO STUDY A MBA?

Depending on the school, the MBA program and its cost, there are different types of scholarships (total or partial). However, there are some determined requirements in every business school.

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