A hot favorite with international students, Europe is one of the most sought after business school destinations, housing some of the best B-schools in the world.
MBA stands for Master in Business Administration. Many consider that a MBA degree is the ultimate entry ticket to get a good and high-paying job. This is because a MBA educational program fetches you both knowledge and expertise. These endowments help the candidate to get a good position with a company. Together with many options of MBA in India like regular MBA, MBA – Executive, MBA – Part time, MBA – Specialized sector, etc you also have the option of opting for MBA Abroad, i.e., MBA Course from the universities of abroad countries.
The MBA started life in America as a Master of Science in Commerce degree in 1900. Europe adopted MBA by 1957 -INSEAD becoming the first European business school to offer an MBA program.
MBA in Europe
For many years, Students from all over the world mostly aspired to study only in US when they considered to take an MBA degree from abroad. But for the last few years or so, a new trend seems to be taking shape. Students are beginning to realize that the one-year European MBA may propel their careers in the right direction. In some cases, it may just be better than the traditional two-year US MBA.
Doing an MBA in Europe is taking advantage of the chance to study a practical diploma relevant to the industry and the multicultural environment. Developed competencies learnt during the MBA will quickly find that they can be applied in the everyday life of a company.On the other hand, bank and insurance sectors have started to recruit in Europe, because they are looking for people able to work anywhere in the world, in non-structured environments such as the new markets in Asia and South America.Large multinationals are always interested in investing in quality graduates who may become top managers in the future.
Completing the entire MBA curriculum in one year is the number one concern for many students.A one-year MBA does not necessarily mean the curriculum is more difficult. What it really means is that, just like in the real world, you work hard and you play hard. In fact, the curriculum for most one-year and two-year MBA programmes is pretty much the same.
Available MBA Courses in Europe
Apart from regular MBA in Marketing, MBA in Finance, and MBA in Human Resource, you can pursue MBA degree in other unique specialization as well.
For instance:
Hospital Management for Medical Professional
Agribusiness Management for Agriculture background professional
Hospitality and Tourism Management for a person from Travel or hospitality background
Petroleum Management for people interested in Petroleum sector
Etc.
Why Take an European MBA?
There are certain important differences between an Indian MBA degree and a foreign one. The learning environment and the ‘MBA-experience’ vary by a great extent with the school. Indian education system helps prepare conceptually strong managers with solid ‘funda-es’, the schools abroad focus on practical aspects and offer much broader exposure and perspective.
Here are the main benefits of an European MBA:
Broader Scope: You instantly become a ‘global citizen’ the moment you enroll! Your career opportunities become wider as you have an option to work in the foreign country, as well as come back home.
Practical Learning: Mostly, the foreign MBA courses are case study based, which makes them less ‘bookish’, interesting and fun to learn. Even the statistics course would make you think from a logical viewpoint, with little calculations involved.
Strong Peer Group: The class would typically have people from 10-30 different countries, with over 5 years of work experience (average). The cultural exposure would certainly broaden your outlook.
Better self-assessment: Many colleges offer informational interviews with psychometric tests, which allow you to discover yourself and help you make the best career choice for yourself.
Enjoyable Experience: While there always be a few sad folks in every schools, from my own experience, I can promise you that your experience will be immensely enjoyable. You only need to be clear about what you want out of the MBA, and possess a big heart.
Global Network: Several top ranked schools are over 100 year old, which offers you a strong and large alumni network. You’ll be able to connect with the who’s who of the business world, in every part of the world.
Eligibility for taking an MBA in Europe
Eligibility criteria for studying MBA abroad vary from country to country and school to school. But for most of the schools the following criteria are followed:
- 3-4 years of education post the 10+2 stage
- Prior work experience is recommended (Required for a majority of the schools)
- GMAT and TOEFL/IELTS scores (GMAT is not mandatory for all schools in Europe )
- A strong extracurricular record
As is obvious, all the schools relatively compare you to the rest of the applicants. But along with that, a realistic assessment of one’s capabilities is also done. In case you don’t have prior work experience, there is not much to be gained by applying to schools abroad.
In case you see that your GMAT scores are above the cut off averages of schools you wish to apply for, then you automatically make a strong case for yourself. Along with a strong academic record, MBA schools abroad also give quite a lot of weight to extracurricular activities – in the belief that an applicant needs to be well rounded and capable of giving back to society. This is a very important facet which one tends to ignore.
Required Skill set for Studying an MBA in Europe
Basics
The fundamentals of business are taught in every MBA program. Accounting, economics, finance, organizational behavior, marketing, statistics, and operations form the primary business disciplines and skills and are in the expected repertoire for any MBA. How and when students cover the basic skills varies, however. In most programs these subjects will be taught in a group of core courses required of every student. These core courses consume most or all of the first year of study in a two-year fulltime program. In some programs, students who have a prior background in business can be exempted or waived from some or all of the core courses, on the basis of either a special examination or an evaluation of the undergraduate transcript.
Some programs regard a few areas as background knowledge and expect you to have learned the material before you start your graduate program. Statistics, economics, and accounting often fall in this group. When you’re comparing the length of programs and calculating time to degree, be sure you remember to consider any program prerequisites. (Calculus and computer skills are also common prerequisites for MBA programs.)
Other programs take another approach, offering the core courses within the structure of the program but requiring this course work only of those students who have not mastered it previously. If your program has two tiers, with different entrance points-for students with undergraduate degrees in business and those with degrees in non-business areas-you may be exempted from some or all of the first year of the program if you were an undergrad business major.
Quantitative Skills
It has been said that mathematics is “the language of business.” But many MBA programs are moving away from the heavily analytical approaches that predominated several years ago and are giving increased emphasis to the “soft” areas of communication and interpersonal skills. Said that, the quantitative elements of business studies have not gone away.
The actual level of mathematical knowledge that you’ll need varies widely from program to program. Some schools expect you to have studied statistics before entering the program. Some will expect you to use calculus on a regular basis. Generally speaking, you should certainly feel comfortable with college algebra and brush up your quantitative skills if they’re rusty.
It’s a tech world out there
In an ongoing effort to adapt to technological change, almost all business schools have integrated personal computers into their programs. Many schools will require you to have your own laptop. The extent to which you’ll be expected to use a computer will vary from program to program, but you should make an effort to have at least a minimum comfort level with word processing, spreadsheets, and databases before starting school. You may want to check with the schools you’re interested in to find out the hardware and software specifications.
Are you a team player?
One of the ways schools are mimicking the business environment in their academic programs is in the use of student teams. As corporations have increasingly turned to teams to work on projects and to solve problems, MBA programs have converted an increased share of course work from individual work to team work. Many programs now incorporate training in teambuilding somewhere in the program – either as part of new student orientation, in team building workshops, or as a topic in organizational behavior courses.
Teams may be formed for the purpose of one project in one course or they may remain together for months, working on multiple courses. In the often competitive environment of MBA programs, the cooperation required of teams doesn’t always come naturally. Since team work is almost always time consuming, students in schools that use teams may find that activities and even policies on work during the academic year reflect the heavy time commitment of working with others.
Exams to be Faced
For pursuing MBA from Europe, an aspirant has to usually go through these qualifying tests.
1.TOFEL/IELTS (Test of Proficiency in English)
2.GMAT (MBA Entrance Exam)
Study MBA at Czech College’s School of Business
The School of Business programs aim to equip students with multidisciplinary knowledge and skills required to manage a modern business. The emphasis on learning by practice in small groups, the internship opportunities on offer, and use of case studies from real businesses enable students to gain skills, tools and knowledge that would help them in their careers ahead. We believe that it is essential for learners to have a range of progression routes from our qualifications. Some learners may decide to venture straight into employment and into building a career, some others may choose to progress to a university degree
The School of Business offers MBA-Master of Business Administration and BBA- Bachelor of Business Administration top up programs from The University of Northampton*, enabling students to get a prestigious British degree studying in Prague.
School of Business students also have the unique opportunity to continue education through the degree top-up system offered by Virginia International University; Fairfax, U.S.A. Bachelor degree students can transfer their credits after 2 years, and Masters after one year to VIU. This academic collaboration with Czech College and VIU offers the School of Business students to gain a prestigious US accredited degree.
School of Business students can also make use of ATHE progression routes to continue their education with several universities in the UK.
* Subject to Approval
Details of Czech College’s MBA Programme
The MBA program encompasses all the core competencies required for a business manager. Whether you are an experienced professional looking for career advancement or a fresh graduate looking to start a career in management, our MBA program will equip you with all the required knowledge and tools. The curriculum puts emphasis on management principles as well as practical knowledge and tools real managers would use in real situations.
Course Duration: 18 Months ( 3 Semesters)
Tuition Fee: € 2975 per semester | Total Fee: € 8925
Admission requirements:
- The ideal candidate is at least 22 years old with a Bachelor Degree, preferably in business, management or related subjects.
or
a Level 6 Diploma in Management or equivalent international qualifications.
For mature learners over 24 without a University degree, at least 5 years of management experience is mandatory.
- 2 years relevant management experience
- English language requirements: IELTS 6.5 or equivalent.
- Video interview with Admissions Department
- Upon request, a statement of purpose.