Prestige and opportunity are the main reasons why most people choose to pursue an MBA despite the significant financial and time investment it requires. With so much at stake, most turn to business school rankings to help them find the best MBA programmes
But while rankings
matter, it is necessary to look past the figures and take in all other considerations when deciding on an MBA programme. Here are a few questions you should ask yourself before committing yourself to the endeavour:
1. Are you taking up an MBA programme to further your career?
Most individuals choose to do their MBA studies to improve their career options and raise their salary. MBA graduates are highly sought after in the job market, and post-graduates from NBS, for example, can expect a starting annual salary of US$132,288. >95 per cent of NBS graduates found employment within three months of graduation.
And while MBA holders are likely to command a higher starting salary, the real value of an MBA programme lies in the invaluable, long-term industry-relevant skills and networking opportunities it provides. At NBS and many other business schools in Asia, MBA courses are also highly regional in their focus, making them best for graduates looking to work in Asia and around the region.
2. Are you planning to use your MBA to ease your transition into a new career path?
Pursuing an MBA with the goal of facilitating a career change is a difficult proposition as most employers hire based on demonstrated skills and ability. Nevertheless, having an MBA from a recognised institution is an excellent indication of the holder’s exceptional level of intelligence and discipline, and employers are just as likely to hire someone for their potential rather than the immediate skills they offer.
3. Are you starting a business?
Not even the best business schools in the world
can guarantee all its graduates will succeed in starting their own business. Regardless, the schools impart the skills, ideas, concepts, network connections and personal character development that exponentially increases their chances of success. Also, as businesses become increasingly globalised, a business school with a diverse student population is able to provide an enriching learning environment that allows for cross-border exchange and networking opportunities between students from different cultural backgrounds.
4. Are you looking to conduct your studies at a large, better-equipped university or a smaller, more intimate university?
Though larger, better-equipped universities offer more in terms of equipment and resources, the compromise comes in the form of larger classes that detract from the personal attention lecturers can give individual students. Smaller universities, on the other hand, keep student-to-lecturer ratios low but may lack the necessary resources needed to enrich the learning experience. Other schools, like NBS, find the optimal point between size and resources, and keep class sizes to approximately 80 to 100 students while ensuring access to the excellent resources and facilities.
With a highly-qualified teaching staff, well-equipped facilities and effective MBA programmes, Nanyang Business School (NBS) is proud to be one of the best business schools in Asia
– and we invite you to come study with us. Find out more about the MBA programmes