MBA in Europe : Things to know
A degree in Business is well regarded nowadays by employers and sought out by employees. Maybe you are among the ones considering an Business degree but how much do you know about it , say, an MBA.
An MBA is by definition a general management degree designed to educate students in areas such as finances, human resources, marketing, strategy and operations management.
Studying an MBA has different rationale than opting for a regular Master. A significant difference is the fact that many Business Schools require work experience from the MBA applicants. This work experience ranges from two to up to seven years for the top Business Schools here in Europe.
Graduating from one of the best MBA institutions in Europe can be a great advantage when you want to:
- advance your already existing career
- change your career or switch industries
- obtain a leadership position
- want to deepen your passion about business.
What types of MBAs are there?
The decision of following an MBA becomes very complex when considering all the different types and forms in which the best Business Schools offer them.
The Full time MBA degree provides the student with a detailed view and understanding of how business works. The students attend all the courses, sessions, exams and networking events on campus and it implies interrupting work for the duration of the MBA studies. The full time MBA can be one or two years. The one year MBA is very intense, but it requires a smaller time and financial investment and a shorter interruption of work. The two year MBA enables much more reflection, consideration, better networking and very often an assisted internship in the summer between the two study years, which can of course lead to a job offer, later.
The Executive MBA programmes are a sub-type of the full time form of MBA and it can be either one or two years. It is designed to meet the education requirements of the upper management level. The prospective student is expected to have at least five years of work experience and the contribution of the student to the program is also an important decision factor for the admission.
The Part time MBA degree is much more of a challenge as it tests the students ability to successfully combine two focus areas, job and MBA, out of which at least the latter one is very demanding. With courses on campus in the afternoon, evenings or weekends, this format allows the student to keep his/her job, reducing the financial and security challenge of the full time MBA. Many companies appreciate the part time MBA even more than a full time one as it demonstrated the above mentioned ability to juggle and maintain the balance between the different responsibilities and requirements.
MBA Admission in Europe
The admission procedure for an MBA can be quite time consuming, demanding and complicated and thus has to be carefully prepared. Usually composed out of several stages, it often requires a Graduate Management Admission Test (GMAT) or a Graduate Record Examination (GRE) and an English Language Proficiency Test (e.g. IELTS). Some top Business Schools prefer to have an own admission test, in order to better reflect specific requirements that the institution in question has, but these tests are still quite similar to the above mentioned ones.
The next step in the admission process is the submission of an essay that is intended to depict the suitability of the prospective student for the desired MBA. This essay has to be very well directed towards the particular Business School and the MBA the applicant is addressing, and not a general essay that can be used for several applications. Letters of recommendation are very often a requirement of the admission process as well and an important mean of deciding between two applicants with similar profiles. The last step of the process is usually an interview conducted by the representatives of the admission office, alumni or business people.
The fees for an MBA vary significantly from one Business School to another and from program to program. It can start with 5,000 Euros a year and going up to hundreds of thousands Euros a year. MBAs are to be regarded as investments rather than costs. If done for the right reasons and at the appropriate time in ones career, the return on investment for an MBA is very good. With an expected salary increase an MBA can repay the investment in a few years
Czech College based in Prague is a business school with an international focus .Established as a new age Business School Czech College offers affordable quality education in accordance with international standards to students from around the world .
The Czech College School of Business delivers undergraduate (UGDBM ) and post graduate (PGDSM ) programs in Business, International Management, Finance, Marketing, Entrepreneurship and Operations Management.The Czech College’s Business programmes are taught in Prague campus as well as International Branch Campus in UAE .
Admission open for June 2015 intake. You can fill the online application here
If you need further details mail us at : firstname.lastname@example.org