MBA syllabus revised, but who will teach the courses?

According to New India Express, in a bid to upgrade and make syllabus of professional courses like MBA more relevant to the industry requirements, JNTU Hyderabad had introduced two new subjects – Data Analytics and Management Information System – this year.

However, in the absence of guidelines about the courses or norms pertaining to faculty requirement for the courses, teachers, and students are having a tough time. Though the syllabi of these courses have been framed by JNTUH and have also been approved by the Board of Studies, faculties in MBA colleges are unsure how to teach the subject, particularly Data Analytics, which they claim does not pertain to the MBA course. It may be mentioned here that JNTUH has 215 affiliated colleges that offer MBA course.

“Management students would have benefited more from a subject like Business Analytics and not Data Analytics, which is something that B Tech students will find useful. Even the syllabus of the course is technical which has nothing to do with management. We don’t know how to teach t subject,” said Dr. Vijay Astra, lecturer, Aurora Engineering college, which also offers MBVA course.

Several colleges that offer both MBA and B Tech courses, are at present taking help of their CSE faculty members to teach Data Analytics to their MBA students. The other few rely on the internet and dictate notes during classes. While students in the third semester, who are now face-to-face with these courses would suffer during the exam or will have to burn a hole in their pockets getting private coaching, teachers with no training or knowledge of the subject are not faring any better.

“No new faculty is being recruited in colleges for these courses. Colleges are just publicising these ‘new-age courses’ to get more admissions. But even faculties with MBA degrees are unable to teach the subject because it is not their domain.

Top MBAs for Entrepreneurs

According to Financial Times, studying for an MBA turned Samantha Penabad into an entrepreneur, even though, as the former strategy manager at Accenture says, “I didn’t come to school to start something.” At Berkeley’s Haas School of Business, however, she had an idea for a digital donation platform to help individuals invest in philanthropic ventures.

Tutors encouraged her to develop the business plan, a classmate from the finance sector became a co-founder and they will launch the service, called the GivingFund, later this month.

Ms. Penabad, 29, will not be counted in the school’s statistics on graduates starting businesses immediately after graduation because she is going to work full-time in a strategy and operations role at Google in New York. “Being around so many people at Haas who had taken the plunge themselves, gave me the confidence to say ‘I am a founder’,” she says. “But this is still a side hustle.”

Many top business schools on the FT’s annual global MBA ranking list have reported a dip in start-up activity this year, particularly in the US. A rise in the number of students setting up businesses as a side project, like Ms Penabad, is one explanation.

Stanford Graduate School of Business, which topped both the Global MBA ranking and the list of top MBA courses for entrepreneurs published on Monday, recorded a drop in the proportion of students starting a business within three years of graduation, from 36 percent in 2017 to 22 percent this year.

In 2017, 52 percent of the MBA class from Babson College’s Olin Graduate School of Business reported starting a company in the three years after graduation. This year the proportion has dropped to 37 percent.

Behind these figures, there are signs that MBA students are just as interested in being entrepreneurial as in previous years, but do not see the need to give up a full-time job offer to start a business.

Custom MBA for TELUS

According to Uvic News, how many students can say their class project saved someone $27 million?  Moutie Wali, for one. This is perhaps the most pronounced way that Wali stands out from the crowd of gowned students at this June’s convocation, although there are more subtle distinctions, as well.

As Director of Technology Strategy for TELUS, he has a fully established career with more than 15 years of experience in the telecommunications industry. He also is one of 20 students in the first graduating class of the Gustavson School of Business’ custom MBA for TELUS program. Wali, who grew up in more than a dozen countries across Europe and Africa and has degrees in wireless communication, worked with several other TELUS students on the standout project.

“The learnings from our Operations course helped us identify the specific areas to work on, and enabled us to reach this high level of achievement,” says Wali. “We focused on improving TELUS’ inventory management, and through this project were able to make recommendations that have saved the company $27 million to date.”

Investing in Talent – Developed to integrate the standard academic rigor of Gustavson’s Sardul S. Gill Graduate School MBA with the industry-specific needs of the telecommunications titan, the customized MBA for TELUS program launched in 2015 with an inaugural cohort of 20 TELUS executives. These same students graduate this June, and their tenure at Gustavson has been starred with successes: the program has already garnered two global awards (from education accreditation bodies AACSB and EQUIS) recognizing the partnership for innovation and talent development.

Awards and return on investment are visible measures of how the new program provides concrete value to the university and TELUS as they invest in their employees’ professional development.

Myths about MBA

According to Business Because, if you want an MBA to count, you need to go to Harvard

Or Wharton, or Stanford, or even INSEAD. Wrong! Yes, the brand name is important. Typically, top-tier business schools have bigger alumni networks and can set you up for success on a global scale.

But there’s life beyond the MBA rankings. Outside the elite, there’s plenty of value to be had in doing an MBA. Take Fox School of Business at Temple University, where if you get in you can almost guarantee you’re going to get a job afterward even if you’re an international.

MBAs are just egomaniacs bound for Goldman Sachs

In April, I met with Stuart Robinson, the new MBA director at the UK’s University of Exeter Business School. Stuart spoke of MBA students building family businesses, of small-scale social entrepreneurs, of an Australian student who runs a small farm in a remote area of Senegal— there are no big-shot bankers present here.

At Lancaster University Management School, I’m told there’s only one former consultant in the current MBA class. The stereotypes around MBA programs are outdated, and MBA applicants know it.

MBA programs are too expensive

Yes, MBA programs are expensive. If you want to join Harvard’s MBA class of 2020, you’re looking at paying more than $146,000 over the two years in tuition alone.

MBA=Success

You’ve spent sleepless nights studying after work, you’ve sweated through the GMAT or the GRE, you took the leap and quit your job, and you got into your first-choice business school. Now, you can relax; breath; smile. Success, respect, and hundreds of thousands of dollars lie in wait.

The MBA is the be-all and end-all of graduate management education

It’s the world’s foremost postgraduate management degree, but the MBA is expensive to do and expensive to run. Some business schools are shelving their MBA programs.

London’s Kings College Business School opened in 2017 with no MBA program on offer, while London School of Economics (LSE) offers an Executive Global Master’s in Management (EGMiM), marketed as the alternative to the MBA.

Online MBA is probably right for you

According to Business Because, you’ve got a two-year-old constantly latched to your side, a newly-hatched entrepreneurial venture at your fingertips, a sick relative’s needs to attend to, a volunteer commitment you’re unwilling to neglect, or a combination of several of these commitments.

Sound familiar? You’re in a position where giving up one or two years of your life to fully commit to a set schedule of classroom instruction and events is not ideal.

An online MBA offers students with significant outside commitments to continue to fulfill their obligations (and maintain their sanity!) while pursuing their studies on their own schedules.

Take the Online MBA from Birmingham Business School in the UK for example. Birmingham’s Online MBA is delivered 100%-online—no hidden residential weeks—it’s also accredited by AMBA—the first 100%-online MBA program in the world to gain AMBA accreditation—and, upon the course’s completion, students gain the exact same qualification and certificate that they would on the school’s full-time MBA, McdVoice.com.

For busy professionals, a traditional MBA simply will not offer the flexibility inherent in an online program.

It makes sense: eliminating the need for students’ tuitions to cover the cost of a physical academic presence and avoiding the cost-of-living expenses normally associated with a traditional MBA program will both dramatically drive down the cost of an MBA.

If you’re set on earning an MBA but are financially limited, an online MBA program may be a practical option to take a step forward without breaking the bank.

Students often enter an MBA program with a goal of getting to know other students and their industries, exploring options outside of their own areas, and subsequently making a career switch based on an extended exploration process over one to two years.

Exploring a significant career change can be quite difficult from an online perspective, without the presence of other students in the classroom to constantly offer their viewpoints in areas you may be newly discovering.

MSU MBA Pilots Admission Initiative

According to MSU Today, the Eli Broad College of Business will pilot an admissions initiative, targeting dynamic candidates with professional experience. For the first time, starting with the class of 2021, the Full-Time MBA will accept a select number of candidates without a standardized test score.

“We will launch this pilot to give prospective students of diverse professional backgrounds, who may not fit a traditional paradigm, the opportunity to pursue an MBA in a top program,” explained Glenn Omura, associate dean for MBA and master’s programs. “To partner with these students in their pursuits, faculty, and program administrators have innovated the curriculum to provide additional resources for students to both evaluate their potential for academic success and to strengthen their skill sets as they progress through the program.”

The pilot program will consider domestic applicants with progressive professional experience with strong communication and interpersonal skills. Candidates can apply to the program without a standardized test score but must meet additional select requirements to ensure their success in the MBA curriculum. These select requirements include an additional interview with a Broad Graduate Career Management panel and completion of non-credit online pre-requisite courses.

Trend data reveals that MBA applications across the country are down, leaving top schools competing with one another for candidates in a smaller pool than ever before. To get ahead of the impact this will have on business schools, Broad began conversations to come up with ways to continue to attract quality candidates. “We are putting in place an admissions process that will not only take a closer look at traditional MBA applicants who have taken a standardized test but also consider high-caliber candidates with significant work experience who have not taken a standardized test,” said Paul North, director of MBA admissions, stores near me.

Babson College MBA

According to Cision Press Release, U.S. News & World Report has recognized Babson’s MBA as the No. 1 program in entrepreneurship for the 25th consecutive year as part of its Best Graduate Schools ranking.

Babson College’s F.W. Olin Graduate School of Business is followed by Stanford University (No. 2), Massachusetts Institute of Technology (No. 3), Harvard University (No. 4), and University of California—Berkeley (No. 5). Babson’s F.W. Olin Graduate School of Business celebrates a quarter century in the top spot

“Babson is thrilled to celebrate 25 consecutive years as the recognized leader in entrepreneurship education,” said Babson College President Kerry Healey. “All over the world, Babson’s incredible network of alumni and friends is transforming lives, businesses, and communities for the better. As we approach our Centennial in 2019, this acknowledgment by U.S. News & World Report is an extraordinary milestone and a moment of great pride for our global Babson community,” stores near me.

Babson offers full-time and part-time MBA programs in Wellesley, Boston, San Francisco, and most recently, Miami. Babson’s MBA experience is uniquely designed to prepare entrepreneurs of all kinds, in any industry and role, to make an impact in today’s business world.

“At Babson, we teach Entrepreneurial Thought & Action® not just as a means for new business creation, but also as a core competency for succeeding in any endeavor. As we strive to advance the role of entrepreneurship globally, we are incredibly proud to be recognized by U.S. News & World Report as the leader in entrepreneurship education for 25 years,” added Mark Potter, associate dean of Babson’s F.W. Olin Graduate School of Business.

Also, Babson’s Blended Learning MBA was ranked recently by Financial Times as the No. 3 Online MBA program in the U.S. and No. 6 worldwide. As one of Babson’s flexible, working professionals programs, the Blended Learning MBA combines online classes, face-to-face sessions, and virtual collaboration so students can make the most of their time, their learning, and their investment.

Soft Skills for MBA career

Lancaster MBA’s “Core Capabilities” module introduces expert leadership consultants on the campus’ center stage. “Soft skill development and practical teamwork are crucial in the development of leaders”, says Tim Kemp on Lancaster University Management School’s full-time MBA program.

As people all know, the prestigious university mentioned above is the world’s top rank university for MBA and ranked 10th for value for money according to the Financial Times. Business Because revealed that their module has a strong emphasis on soft skills ingrained in its curriculum.

MBA Core Capabilities module reportedly runs for a year program. Tim and other leadership coaches, professional goes on campus to work on students’ core soft skills –teamwork, emotional intelligence, stores near me and communication.

The Core Capabilities module focuses on three key areas:

  • cognitive conduct (thinking critically, creatively, and holistically)
  • collaborative conduct (engaging in teamwork and productive dialogue)
  • reflectivity (self-reflection to improve performance)

“There is no doubt that the most effective people are the ones who have solid emotional intelligence those who can empathize with other human beings, inspire, and engage with them. Ensuring Lancaster MBA students are immersed in an environment that enables them to gain an understanding of how to lead, and how to get people to follow them, is what these sessions are all about,” says Tim.

Moreover, two of the students who have decided to study closely together are married couple Josemar de la Lama and his wife Lorena Arrese. While they considered different business schools, Josemar believed that Lancaster MBA stood out the most.

“I’m South American and we tend to think differently to people from the Middle East or Europe, so sometimes you have to open your eyes to understand different points of view,” he explains. Furthermore, Josemar was a finance manager for Scotiabank in Peru before taking his MBA. Still, he hopes to develop his soft skills, knowing he will step into the leadership role in the future.

EMBAs online: Things to know before you enroll

Below are the four facts that prospective student must know before they begin to research and enroll in online EMBAs.

  1. The curriculum is for experienced professionals who want to keep working.

“With an established career, and I had three kids at the time and am married, the full-time program was not an option for me, so I decided to go this route. It allowed me to work and to continue to advance in my career at the same time as getting my degree,” says 38-year-old Dave Bellomy.

He is a 2015 graduate from the blended EMBA program at the University of Arkansas. The students visit campus one Saturday a month for two years while other coursework can be completed online.

  1. Always remember that online and face-to-face learning are often combined.

“You actually kind of build an informal or formal network of colleagues that you can then call upon later in life. They become some of your best advisers and peers. As you advance in an executive role, it is great to have these executive peers outside of your work where you can bounce ideas off of before you bring them into the workplace. As you advance higher in the organization, it gets lonelier at the top,” says Christine Chin, director of executive programming at CSU Online.

  1. Meanwhile, requirements for online executive MBAs do vary while Darden requires scores from the GMAT, GRE or Executive Assessment that is designed specifically for EMBA programs. Also, the school prefers seven years of professional experience.
  2. Remember that students usually come from wide range fields. That is due to EMBAs style that includes online and on-campus learning.Have you checked Papasurvey?

“That diversity of experience, both in years and industry and geography, leads to a different component of the classroom learning,” says the director of the graduate school University of Arkansas’s Walton College of Business Mike Waldie.

Companies that can pay your MBA Education

MBA, also known as master’s in business administration, is usually recognized as a great investment for those looking to further their careers. Concentrations in strategy, marketing management, entrepreneurship, finance and other economic fields command the highest salaries among MBA graduates, Financial Advisor reported.

Even big companies are willing to pay top dollar for employees who have an MBA, and some promises to help employees pay their way through school. Pay scale survey revealed that MBAs with at least 10 years of experience earned an average salary of $98,000 per year.

One cannot deny the cost of education continues to increase. That is why several company-sponsored MBA degrees are becoming more appealing for those looking to progress in their careers without breaking the bank. Here is a list of companies offering competitive tuition assistance programs:

  • Apple – Apple topped the list in the technology sector for companies offering tuition assistance. The company will provide tuition assistance for $5,000 each year toward an MBA degree.
  • AT&T – AT&T employees will be eligible for tuition reimbursement after 12 months working for the company. The company offers $5,250 annually in tuition reimbursement for coursework, and employees are eligible for up to $25,000 in reimbursements for graduate school expenses.
  • Bank of America – The financial services industry also places high value on furthering the education of employees. Bank of America offers employees $5,250 in tuition assistance each year for advanced degree job-related coursework.
  • Ford – Ford is a leader in the automotive industry when it comes to helping its employees further their education. The company offers up to $5,000 each year for the cost of an
  • Intel – Intel is a technology company headquartered in Santa Clara, Calif. This company has one of the most competitive tuition reimbursement programs in the tech industry as the company agrees to pay 100 percent of reimbursable education costs. MBA. The company also offers up to $400 each year for textbook reimbursements for all textbooks, e-books, and rentals.
  • Wells Fargo – Wells Fargo offers employees who want to earn an MBA up to $5,000 per year. For employees with children pursuing higher education, up to $3,000 in awards may be applied to the cost of their child’s education.

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