Tips to stay within your B-School Essays word limit

With B schools updating their essay practices, a lot of MBA applicants struggle to stay within the set word limit on b school essays. The university of darden last year had restricted itself to 140 words/ tweets. That’s innovative!

When you sit down to write answers to the questions asked, you find you have lots to write .. way over the set limit. How can you stay within your b-school essays word limit?

Here are some tips :

1.) Bring Focus : For every story that you want to tell, there is a background that you would want to make people acquainted with. While its very intuitive to get into that, remember that sometimes you can reveal a lot more about yourself by actually saying less. Focus like a laser and communicate exactly what you absolutely want to put across.

2.) Answer the question : A lot of essays answers are in a story telling format that are very fascinating and they do everything but answer the question. While that skill may be great for a political career, please leave it at the door. Answer the question and only the question directly.

3.)  Take your time : Each answer needs a lot of thought and the choicest of words to communicate it. Each word counts so do not hurry into the process. Take as much time as required and run the answers by people you confide in. You can also take help from a professional to clear the clutter and maintain brevity.

Sometimes the shortest statements hold the greatest power!

Not visiting the Schools – A Disadvantage?

B-school applicants experience a moment of panic as they begin to work on their MBA applications for round 1. You realize that the September and October deadlines are just around the corner and you won’t have time to visit any schools before their materials are due!

The question you might be facing is if not visiting the b-schools will put you at a disadvantage. Let us evaluate it.

Will the admissions committee reject you on the basis of you not being able to attend the class you are interested in or take a campus tour? The answer is a definite No! Adcom’s don’t expect you to travel all the way across the world, or leave your high paying jobs to visit the b-school even before you are admitted into it.

However, you must attend the school if it is in your neighborhood and attend a few classes to show that you are serious about your application. Yes, the Adcom team judges you on your accomplishments at school and work and not at whether you were able to visit them. Though it would only be a positive sign if you take a campus tour.

For international applicants, they can check the official b-school website for road shows they are conducting in or near your city. Many top b-schools hold informational events across cities around the world and list them on their b-school website.

If travelling is a tedious process for you, a simple way out would be to login to their webpage and find out when they conduct online seminars and you can participate in that. There are several ways to get more information about your dream b school and you should certainly soak as much as you can like a sponge.

Remember, there is no substitute for hard work!

10 Facts you must know before going abroad

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photo: thefrisky

 

So you are the lucky one among your peers to get a scholarship to study abroad? Good for you and we wish you the best.  You are going to gain valuable knowledge that will stand you in good stead throughout your life.  You are going to have a jolly good time, experience something new, meet interesting people and cultures, see extra-ordinary spectacles and take millions of photographs. Look also to ground realities before you embark upon your journey and during the period you are abroad.

 

1. Choose the Best Travel Deal! Remember you are not earning but in the process of learning. Hunt around in the Internet to find the cheapest travel charges. See if you can get a combo deal comprising international and domestic travels.

 

2.  When you are in a strange place, never walk down the street if the streets are very secluded.

Always take a cab but make sure to note down as much detail about the cab and the driver as possible.

 

3. Friendship is all fine but it could also cause pain. Do not fall prey to handsome young men or

beautiful girls who could entice you into a comradeship only to cheat you out of anything they can lay their hands on.

 

4. Unless you are chronic loner, form groups with similar minded people. This will benefit you in two ways. You will be relatively safe but also will learn things from group members which you would not otherwise have.

 

5. Get yourself familiar with some basic words in the language of the land. You will be surprised how simple words like “thank you”, “please” will immediately bond you and the locals in a way that will work out hugely in your favor.

 

6. Get yourself an international insurance that would cover all sorts of emergencies including loss of your possessions and medical.

 

7. Technology has made it possible for Tokyo to be as near New York as New Jersey is. All you need is a smartphone and applications like Whatsapp and you can be constantly in communication with your loved ones, the police authorities and security agencies etc.

 

8. Apply for passport well in advance and get it. If you already have one, make sure your passport is up-to-date and get your paperwork in order. You may be going in for anything from complete courses in personal training to short term courses; irrespective of that, your basic preps should be complete in all respects.

 

9. Learn about foreign exchange in respect of the country of visit. Get yourself acquainted with price norms of the country.

 

10. Get a master health checkup done and get all the necessary shots as required by the country of visit.

 

11. Keep your complete itinerary ready in your hand and keep ticking off once one item has been successfully carried out.

 

12.  Make sure that the institute knows of your impending arrival. Ask them to arrange for your stay and inform you of the details so that you do not end up stranded in a railway station or airport in a strange land.

You also need to learn about new training and courses that are offered in other countries. You might enroll in six sigma programs, language learning programs, IT programs and a lot more similar. Keep in mind above points whatever program you choose.

Top Reasons Why Businesses Fail in Start

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Every year thousand of business starts and most of them fail in the first year. According to Department of Trade and Industry, every year almost 400,000 businesses start their progress, but in the first years of their business, one fifth of this total number fail. There are some reasons due to which these businesses fail in their startups. Lack of management and less experience are some of these factors that cause a failure. Are you starting your own business? Beware of these failure factors before you took further steps forward. Have a look at these factors.

Top reasons of business failure in startup:

A business fails in startup due to a number of reasons and every businessman should study the business models of successful and failed business along with the core reasons mentioned below to avoid failures in their businesses.

  1. Less experience – Experience in any field is the key to success. Less experienced people start a business when they assume that they will start earning revenues and this overestimation will cause a failure to start. Lack of experience can be overcomed by consulting online resources and studying business models as well as taking helps from experienced business persons.

Photo: videojug

  1. Dreams of revenues – Many business men do not consider this fact that in start they have to put an amount into their business for a longer period to make it strong and getting huge profits is farther away than they imagine. Stewart Thornhill, said that some organizations take time to earn revenues unusual than expected. The dream of earning big will underestimate what they are already progressing.

  2. Miss management – You must have management skills to run a successful business. Managing finances, hiring people and then keeping an eye on all these factors will assure success. You can hire accountants, managers and a whole team to promote your business, but meanwhile you have to check what’s going on. If you do not manage these factors carefully, you will miss a lot. People may file a case against you if you do not handle accounting and finance carefully.

  3. No planning- Planning a business before you actually launch it in the market is a major step. If you do not plan anything before you start it then you will fail at the start. You have to make a right plan and learn successful business strategies to lead your business. Without plans, nothing will happen and it will end in a few months of its startup.

  4. Ignoring customers – When you start a business, you have to keep in mind who are your customers and for whom you are starting this business. Investors can be found in large number, but choosing a right audience and customers is very important. If you do not know who will be your customers, you will fail in the start.

Business fails due to these reasons described in the above points. There are a lot of other reasons that affect business in the state. Economy, business planning, business selection and similar features influence your overall business activities and its progress. If you plan to start some business, you should learn and take advice from experienced businessmen.

 

Writer:

Jenny Corteza is an expert and give her ideas on starting a business after MBA. She also give tips to avoid legal matters. She helps students in making their long term career.

 

Maximize Your MBA Application: 5 Tips for Succinct Essays

Photo credits:  SFU Public Affairs and Media Relations

If you’re working on your MBA application, you’re in luck. We have five super simple (and powerful) tips that will help you come up with a succinct essay that will win people over. Getting into business school isn’t easy these days with so many people trying to do the same thing. However, if you can come up with a good entrance essay, you’re going to be able to stand out from the crowd.

Five Tips for a Better MBA Entrance Essay

As mentioned, getting into a good MBA school is not easy these days. That’s why we’ve come up with five specific tips to help you come up with an essay that will be considered a winner by anyone on the entrance committee who reads it.

  1. Thesis – The first thing you want to do is make sure you have a thesis or main point that you want to try to make.

  2. Word Choice – While using ten-dollar words is nice occasionally, it’s much better to use words that will be easily understood. Always remember – never use a large word when a diminutive one will suffice!

  3. Be Creative – While you don’t want to go overboard with this one, there’s no reason to be boring in your entrance essay. In fact, if you’re able to be a little bit creative, your entry is going to stand out from all the rest which can really help your chance of being accepted.

  4. Keep it Short – Rather than going on and on saying the same things over and over again, make sure you stick to your original thesis and keep the essay short enough that you get your point across without being too wordy.

  5. Remember to Edit – Last but most certainly not least, you should make sure you leave time to edit the essay for any mistakes you might have made. Nothing can kill your chance of getting accepted like sloppy errors on your entrance essay.

As you can see from the list above, it’s really not that difficult to come up with an essay that will help you get into the right MBA program at any university you want. You’re still going to need to have the grades (and the money) to enroll, but all that aside it usually comes down to the essay you have to write in order to get accepted.

Following the five tips above will give you a leg up over all the other competition and make sure you have a fighting chance to get into school so that you can make your life better. If you’re really smart, you’re going to think about getting six sigma certification so that you can really rise above the competition. That part is up to you, though.

Social Media and Business Education: Why You Should Keep an MBA Blog

Photo Credit: businesspipeline.com

Today is the era of social media saturation where everyone is trying to mark their presence        on a social media platform. If you are a student and looking forward to secure your future in business, it is significant to start making social media a priority. Social Media empowers students to construct groups, correspond with alternate people and scholastic staff. However, the process of utilizing social media as a part of an expert environment might be worth figuring out where learners and staff use social media for education purposes. Social media furnishes MBA students with an approach to enlarge their expert systems, get value from meetings they can’t physically go to and nurture their communication skills.

 

Being a business school student you are more concerned with your job prospects, and think that blogs and social media are for fun right? Well no, that’s wrong. Social media especially blogging today, is an essential approach to having an online existence. You can post your ideas, lessons learnt and knowledge in a chronological order. Your blog will not only keep a track of your progress but also will enable your future employer to review what you actually know.

 

Just as the use of social media has sharply grown over the past few years in the general population, the number of students devoted to the digital revolution while completing their MBA degrees has seen growth as well. The following points will justify why an MBA student should keep a blog:

Photo Credit: ozil-conseil.com/

Your Blog Works As Your Online Portfolio:

When an MBA student submits his or her resume to an employer, it should contain the blog address so that the employer instantly finds out that the student is technologically sound and virtually independent. An MBA blog can say a thousand words more than a two-page resume. It doesn’t simply need to go about as a portfolio but it can present connections to a long range of interpersonal communication profiles which allows the employer to assess the student.

 

Make Connections With Industry Experts:

 

Through blogging, you can get to know the broader community in your field and researchers you have never met before. As far as networking is concerned, blogging can be connected with various other social media websites. By adding social networking websites with the blog, a person can easily direct other experts and professionals to his or her blog.

Photo Credit: designmena.com

Blogging Enhances Your Knowledge:

 

Blogging can be used to increase knowledge if an MBA student wishes to understand the process of conducting online business some time in the future. Moreover, since there is a swarm of blogs present online, MBA students can learn a lot more than just conducting business. Bloggers specialized in different areas are connected by one blogging community where MBA students can interact with other bloggers as well and understand how business administration and technology are going hand in hand together.

 

Blogging allows Businesses to interact with potential clients:

MBA students can use their blogging techniques to extend their business expertise. A person can write and interact with people online where he gets a chance to turn readers into potential clients. This is why many company websites have added professional blogs to their websites as well which gives them a platform to interact and share fun things about the business from time to time.

 

Keeping an MBA blog is one of the best procedures for “showing thought leadership”. This is ideal for the individuals who may not be as productive in the classroom as they might be on paper. Blogs have provided a platform for MBA students to voice their emotions, learnings, findings and also have an existence virtually.

 

Online MBA Guide – All your Online MBA course related questions end here

What is an Online MBA?

Once upon a time, fathers used to say with pride, “My son is a graduate.”  Graduation was treated as a quite prestigious degree in that time. After some years, the job market made the students bound to think that graduation is not enough to get a high quality job. Then, they started running after the general Post Graduation degrees e.g. M.A., M.Com. or M.Sc. But today, those degrees have been almost drowned in the flood of MBA. The term “MBA” simply symbolizes money. A boy, who does not even know the elaboration and meaning of MBA, wants this very degree to acquire a “suited booted” corporate life and make money. Students of different disciplines plan to have this degree to secure an attractive job. Nothing but an MBA can give you the assurance of a handsome salary.

MBA is acronym for Masters of Business Administration. A regular MBA can be obtained by attaining classes physically. But there are also some internet based MBA programs that help you to get your MBA degree online. You don’t need to go to distant places or universities and spend your peak hours for it. Just find a suitable time and do this course without hampering your profession. This online MBA introduces you to the different fields of business studies like Accounting, Finance, Marketing and Management. Like a regular MBA holder, you can also gain knowledge about business administration through this distant learning course.

This online MBA program will give you fully institutional knowledge on business administration. A lot of reputed schools and universities are giving you the opportunity of earning this degree. Through this online MBA course, you can achieve MBA completion degree from a reputed university and later on, can attach the completion certificate with your resume. A certificate like this will obviously make your resume heavier and help you stand apart from the crowd while facing an interview.

A website “Poets and Quants” says that about 11,000 students are attaining online MBA program at approximately 90 institutions authorized by the Association to Advance Collegiate Schools of Business. These students have chosen this online MBA program to achieve this degree without hampering their job. Through this program, you will have the opportunity to communicate directly to your professors and also with your fellow classmates. You will not have to go to any campus. In this case, your PC is the virtual campus. So, online MBA serves you in getting this degree without going to any institutions physically. But you will get all those facilities and chance of communication that are available in a General MBA program.

So, don’t be so sad if your nearest friend achieves an MBA degree physically from a reputed institution. May be, you cannot achieve it going to any institution physically but you are getting the same lecture, same community and same environment through online service. The thing you have to maintain is that you should be able to operate computer. A good knowledge in English language is a plus point as this program is mostly run in this language. In one word, an online MBA program will bring this degree to you. You just have to make yourself qualified for receiving it. So what are you waiting for? Take your PC and open the window of success!

 

What to Expect from an Online MBA Program

You are certainly thinking of the ins and outs of online MBA and expecting a perfect program in a challenging environment. Let’s see whether there is any match between your expectation and the real program.

Length of the program is generally the main concern of the students. To earn an online MBA, you need to invest only eighteen months or two years of your life time which is like a drop of water in the vast sea. The full time studies are divided into some semesters with three to four courses each. You need to give approximately twenty hours weekly besides the lectures if you want a good feedback. The time you spend outside the class lecture, can vary from others as you will spend this particular time for studying, preparing assignments, attaining team meetings, getting ready for the presentations, reading textbooks and many more outside studies. So, you need to be disciplined and have good time management skill. If you can respect time, your online MBA would be more fruitful undoubtedly than the regular MBA.

As we have already said that there is no specific time schedule in this online MBA program, so you can access the lecture site all the time. You can rewind and forward the lectures and take them in your own way. But there are some certain periods when you should be online in time like if you want any web conference or chat with your classmates in a group projects. So you can undoubtedly expect flexibility of time in doing an online MBA.

You are may be getting tensed about the examination system. You need not to be worried as the exams are also taken online. There is a time tracker that tracks your time. A webcam also monitors you while taking the exam. You also have to create a group and submit assignments with your group people. Though these people are totally unknown to you, but you will have to work with them like each other’s colleague. It is to say that, by this process you are learning how to work cordially and effectively with a partner who is completely unknown to you. This practice certainly helps in your professional life when you have to work with your unknown fellow members.

You might be thinking, in traditional MBA students can meet their teachers personally. This facility is surely not available in online MBA. You will really be happy to know that in online MBA, you may not meet your professor physically, but you will obviously have the chance to talk to him personally and discuss your problems. Nevertheless, your textbooks, ebooks, CDs, DVDs all will be supplied to you according to your syllabus. There are some particular classes that may vary in accordance with the program. But some classes like Accounting, Marketing, Finance, Management, Organizational Leadership, International business and technology etc are held commonly and all of you are given same lecture. But, as you have the freedom of choosing an area of your own, in that case you may take some more classes on the topic you are the most interested in. For instance, your aim is to serve as a Human Resource Manager or something related to human resource, then you will get opportunity of taking three to five classes more on that topic.

We know, your expectation to this online MBA is supposed to be high. But believe us, if you are really serious and passionate in it, you will get much more facilities and opportunities than your expectation. From their side, there will be no lacking. This online MBA program wants just one thing to you for bringing your success and that is Your 100% Co-operation and Strong Will Power. If you can give these, then an online MBA can be a bridge of blessing between your expectation and reality.

Online MBA and its cost

As an online MBA is equivalent to the general MBA, rather superior to some extent, you need to pay an amount of money for earning this valuable degree. Question must arise in your mind, “If it is an online program, then for what purpose I’ll have to pay?” It may be an online program, but you are getting the same facilities that a general student gets in institutional program. We can even say that you will get more facility than a campus oriented MBA program.

Please don’t get tensed about the cost. You will get full freedom so that you can afford it. There are different kinds of courses that demand different range of fees. Just chill and think which one will be most affordable for you. The cost of online MBA depends on the fact whether you want to do this course under a private or public school, the crowd that means the amount of students and also the technology which are used in this project. The cost may be $10,000-$91,000. In public schools, the tuition fee for online MBA is quite affordable. You can easily earn an MBA degree from Upper Iowa University or The University of North Dakota by spending $12,000-$16,000 only. There are also some schools that demand high tuition rate like $67,000-$77,000; for example Babson College, Syracuse University and also Thunderbird School of Global Management.

Generally below $25,000 is considered as a low price in case of online MBA. A tuition fee rate above $60,000 is thought of a high rate. If you make a wish to get an admission in the top schools for online MBA in USA, you have to cut a cheque of minimum $100,000. I know what you are going to ask. You are thinking, the MBA program which costs low tuition fee would be of below quality. You have almost decided that as you do not have that particular $100,000 in your bank, so it is meaningless to think of doing an online MBA in low cost. Please, for God’s sake, wash away that old, traditional wrong thinking! There are huge amount of public schools that run their program by public funding. So you are getting the opportunity to acquire your cherished degree, which is of obviously high quality as well as really in an affordable rate. Don’t even think that a high priced MBA school will surely give you high quality education. Rate of tuition fee cannot be the determining factor of the education quality. The most important thing is you need to choose the perfect school for you according to your financial condition, the facility given by the schools and the programs that are perfect to reach your goal.

You are surely curious about the fields where you are investing your money. A lot of students throw a common question. There are no campus and classrooms. They have their own computer and the study is fully online. Then what are the fields for which they are investing that much money? The question is really logical and you have the proper right to know the answer. Usually the fee of online MBA is not the same as the institutional MBA. A large part of your fee goes to the field of technological support. The hardware and software have a particular cost. You give an amount of money per semester or per course for the technical support, course management and distant education. You need to pay for the instructional support also that helps you know different online system connected to this MBA program. There are also online library fee, virtual academic advice and interactive tutoring fees.

You have to purchase some books also. Don’t be astonished! Though this program is internet based, still you may have to buy textbooks. So, notice carefully whether you have already paid for the textbooks with the final amount of money at first.

An online MBA student must have a computer, external hard drive, scanner and of course a smart internet service. Make sure that you have bought all those things before starting your online MBA program.

Online MBA will give you relief from the daily campus cost. As you need not to attend classes and lectures going to campus physically, so it saves a huge amount of money. Just imagine, you are studying your dream course in your own bedroom without any disturbance! You need not to go distant countries or cities, pay for housing, gas, parking, meal and many other expenses. Comfort and quality, both are in your own living room if you choose online MBA. I know, you are smart and can easily realize after this discussion that, online MBA is much more comfortable and easier to earn than the general MBA degree, with the same quality education.

So now, if you do not have that much money, what will you do then? Will you quit? Will you escape? Remember, this is no world for escapists. If you think that you cannot even afford the lowest amount of money, you have chance to get loans. Golden opportunity! There are different kinds of student loans available around you. You can easily get Federal Stafford Unsubsidized Loan, Graduate PLUS loan and Private Education Loan. The first one will allow you to get up to $20,500/per academic year. The interest rate is 6.8%. The amount of loan given by the second one depends on the cost of your attendance and the other help you have received. The cost of other aid will be minimized from the cost of attendance with an interest rate of 7.9%. The third one is applicable for a private lender. If you want private education, then you need to research and find the way of getting this private loan in your own responsibility.

Are you still confused? If you are, then of course I would say, getting confused has become your habit! You have all the ways in front of you. Each of the way will be lucky if you choose it. I’m quite sure, your dream will come true. Just a little push can change your destiny. Open your eyes and strengthen the will power. The online MBA is knocking at your door, “Success is not so far! Success is really not so far!!”

 

What are the different Online MBA Courses available for you?

The courses, which are included in online MBA program, enable you to stay in the front line of the corporate world. Many of you have a vague idea about the courses of online MBA that it includes only the business oriented topics. But in fact, an online MBA helps you not only in learning the subjects of business but also leadership, communication and many more things like that. Let’s have a look at the courses that an online MBA includes in its syllabus.

While doing an online MBA, mainly you will encounter Accounting, Finance, Management, Marketing, Global or International business, Business Technology and a good number of business oriented courses. These are basically some sectors; these sectors contain the courses which you need to study.

Accounting has approximately five courses. Financial Accounting will show you how to interpret or analyze financial statements. The accounting methods and process can also be known by it. Managerial Accounting course is taught to develop students’ leadership and company management skills. The Cost Accounting course will make you familiar to cost-volume-profit analysis, variable cost, budget and also standard cost system. By attaining the Tax Accounting classes, one can get an elaborate idea about local, state and federal taxation of the people. The Forensic Accounting helps you identifying fraud, illegitimate methods and dishonesty that cause a great harm to the company.

Financial Analysis and Reporting is a quite well-known course of Finance. Through these classes, students learn financial reporting, determination of the future income of the company and also analyzing the data effectively. The Corporate Finance emphasizes the investment decisions, capital budget technique, financial planning and also company valuation. The course Risk Management contains fruitful methods which help students protect the company from financial losses.

Management mainly contains the courses that play a vital role in developing leadership and management power. Organizational Leadership thus teaches the students about cultivating diversity, coaching, networking, crisis leadership and also individual leadership. By learning Supply Chain Management, you will be able to learn the strategies for quality control, customer service and inventory management. Management Communication and Human Capital Management, these two courses, deal with the external communication, helping people to develop their career in a company and the nature of relation to the general people. There are also courses like Operation Management, Strategic Planning and Implementation and Project Management in this Management sector.

Marketing Management and Analysis, Marketing Research and Product Management, these are the three courses of Marketing sector. They deal with the pricing, consumer behavior, promotion and distribution. Students also become capable of identifying marketing problems. They gather data, do research, design products, label them and launch new products in the market.

The most attractive aspect of an online MBA is the Global or International Business. In this sector you will have read International Business Strategy, Global Leadership and Global Economic Environment. You will get an elaborate idea about the international business and its characteristics all over the world.

Don’t think that as you are studying Business Administration, you cannot get any technological knowledge. Business Technology has around three courses on technology. Information Systems for Managers, Introduction to Information Security and Information Security, Ethics and Policy are some courses which enable you to understand executive information, expert system, database management, security of the sensitive information of the companies, the ethical and legal issues of the company and also government policy.

This is not the end. You will also be get courses like Business Law, Business Research and Statistics, Business Policy, Entrepreneurship and Business Economics. In one word, you are getting a standard learning about business administration that makes you able to cope up with the corporate world of international level. See carefully, all the courses are different from one another. You are learning new and exciting elements while reading each and every course in online MBA. The online MBA gives you not only a theoretical knowledge about business studies, but also show you how to execute them in material world and gain success.

 

The Top Online MBA Programs of the World

Once you decide to do an online MBA, the question comes next to your mind is, “What are the famous schools of online MBA? Are they affordable?” While doing an online MBA, students usually want to earn this degree under a recognized and famous school. A renowned school increases the weight of the resume to some extent. Not only that, if you do not even get chance to do your online MBA under these schools, it is your first and foremost duty to know the names and activities of the schools which are in the top position right now. Here are the names of some schools that are considered the best according to the usnews.com.

Washington State University is a public university of Washington DC, USA and well reputed for its online MBA program. Their professional skilled teachers and environment of learning help you to obtain your MBA degree in a proper way. Here, the students are taught not only the leadership and business strategy, but also the global, ethical and social issues related to business. They encourage the students to think innovatively, solve their problems smartly and build strong networking. As it is a public university, studying here will cost only $29,250 (without textbook cost). Besides this amount, you will have to pay $50 for application fee and $150 for books (per course). I know, there is surely a sweet smile in your face now. Yes, this one of the best University for online MBA is quite affordable for you!

Arizona State University is also a public University of USA. It has one of the top ranked online business schools in the world. The most attractive feature of this University is its “one class at a time” structure. Students are divided into groups and they complete each course together in six weeks. To earn an online MBA under this University you will have to spend $53,900 including books. Application fee is $70 (domestic) and $90 (international Applications).

Indiana University–​Bloomington (Kelley) is offering the same prestigious degree that the other regular MBA graduates are acquiring. It helps you to earn your online MBA degree in the most flexible way. This private school will help you obtaining your online MBA degree for $58,395 only.

Another renowned school for online MBA is Hough Graduate School of Business, University of Florida. The school has produced a good number of exceptional leaders of business by their influential research and proper education. You need to spend around $51,182 to get your online MBA degree from this private school.

Central Michigan University is another leading University which offer you online MBA program. Being a public university, you will have the facility of quality education as well as affordability. To earn an online MBA under this school, you will have to spend $28,185 and $50 application fee. You are cordially welcomed here with the assurance of a valuable MBA degree, proper learning and wide range of networking.

Reputed university or school does not mean a huge amount of money always. See, when you started reading this segment, didn’t you think even one time, “It’s of no use for me. I can never afford the money needed to obtain an online MBA under these top ranked schools.” Earning an online MBA under any well qualified school is prestigious. If you can give your best effort, plan for the future strategically and have a good networking skill then you will be succeeded without any doubt. So, remove your gloominess and look forward to your desired online MBA.

 

What are the careers after online MBA?

Those days are gone by when lots of Graduates and Post Graduates are usually seen roaming here and there for want of a job. A huge amount of bright students have suffered terribly after the completion of their studies. Staying unemployed, for years after years, is quite common scenery of those days. You are fortunate enough that in this present corporate world, you don’t have to worry about job. There are plenty of job sectors and opportunities around you. Now you need not to wait for jobs rather you get freedom of choosing your own sector.

But, a coin has its opposite side also. Have you ever thought about the quality and future of these jobs which are now “Uncountable Number” in the job market? Are you getting fully satisfactory job? Are they being able to realize your value and specialty? Now, we are telling you the fact. The rude fact is that, the job opportunity, industries and companies have obviously increased. Nowadays, it is comparatively easy to get a job. But unfortunately, most of these jobs are of poor salary. Specially, if you are from non-business faculties, then it is almost impossible to get a corporate job of handsome salary. In this present world, though all the students do not have a commerce background, they can still get good business oriented job. In this case, online MBA is the perfect choice. You all know that the road of the career of an online MBA holder runs straight to the success. Students earn this online MBA only for ensuring a bright future and prestigious job with a high salary range. Still, we’ll give you an idea about the career and prospect of an online MBA degree holder.

By studying Accounting, you may get achieve a position of an accountant, auditor, tax examiner and posts like this. Accountants analyze the financial information and keep appropriate records of it. In accordance to the U.S. Bureau of Labor Statistics, in 2008, approximately $59,430 is an accountant’s median annual income. The auditor’s duty is to check the financials whether there has been any mismanagement, fraud or wastage. The approximate median annual income of an auditor is $103,000 (info source: 29 June, 2013; indeed.com).  Tax examiners examine whether the taxes are taken and calculated fairly. According to indeed.com, the median annual income of tax examiner in 29 June 2013 is $65,000 (info source: 29 June, 2013; indeed.com).

Many of you have passion about Economics. By focusing on Economics, you may get a job as an Economist, Financial Analyst and also Management Analyst. The Economist analyzes the resource distribution, data, identify the trends and also do wise forecast on the economic condition. The approximate highest median annual salary of an Economist is $327,000(info source: 29 June, 2013; indeed.com). The Financial Analyst gives the corporations, business and individual the guideline about the bonds, stocks, commodities and so many things. Their median annual salary is about $86,000(info source: 29 June, 2013; indeed.com). The job of a Management Analyst is to analyze the efficiency, structure and profits of an organization. Nevertheless, he needs to suggest about the way they can success. The median annual income of a Management Analyst is about $92,000(info source: 29 June, 2013; indeed.com).

The study of Environmental Management will help you to attain the job like Natural Science Manager, Environmental Scientist and also Conservation Scientist. The Natural Science Manager works in physical science, developing projects, overseeing research and also production activities. This position gets the median annual income of approximately $87,000(info source: 29 June, 2013; indeed.com).The Environmental Scientist finds the solution of the bad impact on environment and tries to resolve it. The annual median income of them is about $112,000(info source: 29 June, 2013; indeed.com).The Conservation Scientists improve the natural environment by aiding the landowners in implementing safeguards. Approximately $113,000 is their median annual income (info source: 29 June, 2013; indeed.com).

Human Resource has a bright future. After doing your online MBA, if you join as a Human Resource Manager then your median annual income will be minimum $93,000(info source: 29 June, 2013; indeed.com). As you are taught about leadership, so you can hold a post of Administrative Service Manager who looks after the administrative sector of a company. The Administrative Service Manager gets approximately $64,000 (info source: 29 June, 2013; indeed.com) of median annual salary.

A Marketing Manager promotes his company’s product to the target audience. His approximate median annual income is $163,000(info source: 29 June, 2013; indeed.com). The duty of an Advertizing Manager is to promote the product of the companies in a creative and efficient way. The median annual income of an Advertizing Manager is $89,000(info source: 29 June, 2013; indeed.com).

You have certainly heard about the post CEO that means Chief Executive Officer. It is the dream job of almost all the students of Business Administration. The CEO holds the top position of the company and suggests strategy and policies so that the company can reach to its goal. The median annual income of a CEO is $227,000(info source: 29 June, 2013; indeed.com).

A Project Manager takes care of a project from starting to end. He provides direction and suggestion. The median annual income of a Project Manager is minimum $107,000(info source: 29 June, 2013; indeed.com). A Computer and Information System Manager maintain the technological side. His median annual salary is more than $107,000(info source: 29 June, 2013; indeed.com).

Students interested in sports may have the job of a Sports Agent. The highest approximate median annual income of a Sports Agent is $118,000(info source: 29 June, 2013; indeed.com). The duty of a Purchasing Manager is to buy goods, products and service of a high quality with the lowest possible amount of money. The median annual income of a Purchasing Manager is approximately $90,000(info source: 29 June, 2013; indeed.com).

The salaries, which we have mentioned is not the exact amount. It may differ from company to company. Not only the company, the salary can be wholly changed according to your performance. In business sector, if you work hard and show your efficiency, no one can stop you from achieving success. The posts mentioned above, are some of the major ones that are popular in the job market. There is huge number of jobs for you that offer you really attractive salary. And this opportunity can be picked only then, when you will be blessed with an online MBA. Please, try to realize your value, passion and capability. Don’t get lost in the crowd; rather make yourself visible and attractive so that everyone can differentiate you from the common crowd. Polish your talent by getting an online MBA. We are sure, even you will be surprised after discovering yourself in the position which is still a dream of the general students.

 

Networking Tips for Online MBA Students

How do you communicate your friends? What are the ways you follow to keep the communication spontaneous in your surroundings? I probably know the answer. You will certainly say the communication is natural. You go to campus, attain classes with your friends, have foods, gossip, go for long drives and perform many more activities! This is why; you do not need to give an extra effort to keep the communication sound. But, while doing the online MBA, networking and keeping communication should be given more priority than anything else. As you have no campus and the whole study system is internet-based, so keeping connection in this virtual world would be a bit complicated. Experts have given several tips and suggestion that would help you to keep this virtual communication sound.

If you ever get chance to meet your group mates face to face, don’t miss that chance. The experts have suggested making an evening with your online friends with tea or coffee.

You already know that in online MBA, you have to communicate your friends through email, conference calls, video chats and through many more media. So, try to be friendly with them. Give your best effort in that discussion. Try to create an influence on them so that they can remember you quite well. A positive impression in this discussion ensures your firm position within your friends.

Networking only with your friends and group mates is not enough. Expand your area of familiarity; get introduced with the former online students and alumni. You will get advice, help and even job opportunity if they find you bright.

Maintaining a good relationship is really a useful networking. As you do not have any campus, so those classmates are your best friends and you need to learn enjoying with them in your own way. Stay connected with your friends while doing your online MBA, you will never feel helpless; rather your friends will come to your aid when it is necessary.

 

Success Stories of Famous People Who Pursued Online MBA

“I needed a program that I could do on my own time and from any location……”- Joe Bloise, a retired army person, expressed his feelings while telling us his success story. He emphasized that without online MBA, it would be quite impossible for him to earn an MBA degree as he was serving as a military on those days. After doing his regular job, it was quite easy for him to study for the online MBA as he got the freedom of studying in anytime. In 2009, Joe left the military and was hired in the post of research associate in McQueen, Associates and Ball. Now, he can say proudly that he is a graduate in Business Administration. He is so grateful to this online MBA that, he cannot but say, online MBA has opened his eyes of thought. After earning this MBA, he discovered the value of his talent once again.

Kate Scott is a bright employee of Wendy’s International. In a stage of her professional career she became aware of the fact that without an MBA, her hardship is meaningless. If she can add an MBA to her resume, then it will help her to ascend in senior level. So, she decided to do an online MBA. She had to manage her schedule with great efficiency. “Online MBA is the right decision”- this fact became more prominent when she was expecting her second child. In that period of pregnancy, she could quite comfortably manage her office as well as online MBA studies. She was quite satisfied for the program. She also thinks herself lucky enough to get some helpful, cordial and meritorious friends while doing this online MBA.

Patricia Watson, a creative architect, considered online MBA as a way of broadening her business skills. She wanted to blend her creativity and business foundation so that she can be successful in her new job in Merck. In the middle of her online MBA, she was promoted to a challenging and attractive position; Portfolio and Strategy Analysis Manager in the Global Real State Service of Merck. After earning the online MBA, she did not need to look back. A number of opportunities knocked her and she responded. Now she is an asset to that Real Estate Company. She emphasized much on the group works of online MBA. She said, “This was supplement to the course material and provided a broader education while increasing my network.”

Definition of success varies from man to man. First, find out your expectation and how far you want to go. An online MBA will certainly bring you success as it upgrades individual’s educational level. From the success stories discussed above, you can obviously realize one thing that, if you want an MBA degree keeping your professional position intact, online MBA is the best solution for you. The thing you have to keep in mind is the time management. Hope, you have got your inspiration. If this story gives you even a bit inspiration, we will be inspired to write about your success story after a couple of years as well. Let’s hope for the best!

 

In Focus: Stanford vs. Sloan vs. Harvard: The Better and the Best

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First things first, all three have been ranked No.1 in different ranking lists in different years. All have a reputed brand value that has been built by consistently putting in years of efforts and research capabilities.

Given the fact that candidates aim to invest their time, finances and efforts in their MBA prospection, let us today have a fair comparison between how these three schools stack up against each other.

Infrastructure/ Students Numbers and Endowments

Rank 1: Harvard Business School, established in 1908, holds a huge batch of MBA students closing more than 900 students, in different specializations. It has an academic staff of 200 members. Harvard Business School has an infrastructure which is difficult to match anywhere around the world. With 34 buildings and a representation close to university by itself, HBS classrooms and study halls are the best and most expansive for any business school in the world.

Rank 2: MIT Sloan School of Management, on the other hand, is a brand unbeatable of sorts. With its association to an academic institution revered for its research capabilities, Sloan is famous for its emphasis on innovation and invention. Sloan is also widely known for giving the management world some of the best known theories like Binomial Options Pricing Model, Theory X and Theory Y and Random Walk Hypothesis amongst countless others. In fact, the world’s first university based executive program, the Sloan fellows program, was sponsored by the then Chairman of General Motors.

Rank 3: Stanford School of Graduate Business, established in 1925, holds more than 700 MBA students, 80+ Sloan fellows and more than 100 PhD students in residence. There are three Nobel Prize winners on the faculty, two recipients of the John Bates Clark Award, 15 members of the American Academy of Arts and Sciences, and three members of the National Academy of Sciences. The school operates with annual operating revenue of $156 million, and is the second wealthiest business school in the nation with an endowment of $825 million. In August 2006, the school announced the second largest gift ever to a business school – $105 million from Stanford alumnus Phil Knight, Founder and Chairman of Nike, Inc.

Teaching Pedagogy

Rank 1: Sloan, as mentioned above, has an extreme focus on creating new and strategizing for modern theories. Taking a cue from the MIT University, the academic level of the course is very rigorous with a lot of emphasis laid on analytical reasoning and quantitative analysis. The first semester, also known as the core, is the most difficult of all semesters by design. In fact, a very interesting incident happened in 2006, when students started placing their name cards upside down during the weeks where the academic pressure and build-up was the highest. Yet, truly, nothing comes easy when you’re in the best research school in the world.

Rank 2: Stanford has an awesome new teaching style called the “The Personalized MBA Education”. The newly dubbed style has four focus points. Firstly, it is aimed to offer each student a highly customized study experience by offering wider menus of course topics and Stanford Business School faculty advisors provide personal course planning mentoring. Second, the new program is aimed to enrich the school’s intellectual development and provision through many smaller, high-impact seminars focused on critical reasoning focus. Thirdly, the new program is intended to increase global exposure of its students by mandating the international experience and new course options which are more global and rhetoric. Finally, the new program looks to expand Stanford’s Graduate School of Business’ focus on creating leaders and improving communication via new courses which focus on the personal strengths of the students.

Rank 3: Although very widely acknowledged and copied by leading business schools across the world, Harvard Business School’s teaching methodology of case studies might need a bit of overhaul. In this method, students prepare teaching cases and the faculty acts as a moderator and a facilitator. Though this methodology is excellent to develop reasoning and thought, it might be more reactive than proactive, thus not necessarily making greater sense in today’s volatile business and economic environment. Though ranked number three, it is still way ahead and better than many other leading business schools in Europe and Asia.

Scores and Acceptance Rate

Rank 1: Stanford is by all measures the most selective business school in US. With an acceptance rate as low as 6.8% for its class of 2012, it is the second most difficult business school to get into after IIM-Ahmedabad. Generally, the GMAT score accepted is 760.

Rank 2: Harvard, though has the biggest class strength of all three, is extremely competitive, given the number of applications it receives each year thanks to the brand value the industry holds of it. With an acceptance rate close to 12% and an average GMAT score of 760, HBS is no easy school to get through.

Rank 3: Sloan, as discussed lays a lot of emphasis on innovation, hence, is reputed to prefer science students, thus receiving an overwhelming response from science undergraduates. With an acceptance rate lower than 15% and an average GMAT score of 770, it is not an easy pie to eat!

Well, after all these evaluations on what we believe are the three most important criterions for a business school, Harvard comes as the best Business School of all three. If research is what you’re looking for, head to MIT Sloan, that’s the leader on the board there.

Did You Miss Out On The First Round Of Applications For MBA Admissions?

Most business schools, especially the ones in the US, have around 2-3 rounds of applications submission. This is primarily to reduce the load of applications they receive. The first round generally ends in late September to early October, the second round in early January and the final round in early April.

These are rounds of applications and not steps. The acceptance notifications for each round are different for each round. This does not mean your chances of admission are the least in the third round; equal weight is given to applications in all three rounds.

So when should you apply? As soon as possible, especially if you’re an international candidate. Mostly it depends on when you’re fine with submitting your scores and completion of documents. Nonetheless, for international candidates, it is advised to apply in the first or second round to ease the process of other documentation and visas. If you apply in the third round, what happens is, there is less buffer time between application acceptances and joining, thus, there’s a rush to complete the admission process.

Also, there is preliminary work which might be required for some candidates. Plus, if you’re seeking financial aid, the applications need to be submitted immediately after your acceptance, but the processing is done only after Round 3 completion. This needs to be ensured to be finished in-time to allow application processing.

For fellowships, outside the home university, there are separate deadlines, which generally are in April, so in case, you’re applying as a fellow, you still have enough time in your hand. In the scenario that you’ve missed on the first round of admissions, we suggest you to speed up the applications processing, as it takes time for payments and filing. Wish you good luck.

Case Study: NBA: The Cult of Highest Paid Sportsmen

For America, NBA is life. It is the Christmas Day feast’s best helping. For what has now become a religion of sorts with its reach increasing to the entire globe, we look at what makes NBA the cult it is.

A lesser known fact is that NBA sportsmen are the highest paid for any sports in the world. We look at their salaries and what sources their income come from. A case study.

Let us know if we’ve missed out any interesting facts and trivia and do share anything interesting if you have.

Enjoy the basket!