Why an MBA is a Smart Choice for an Uncertain Future?
The decision to pursue an MBA is a significant one at any time. During the uncertainty of the...
The study conducted amongst 1,000 MBA degree applicants worldwide, found that almost one in five (20%) were considering an MBA programme in order to start their own business. Entrepreneurship was rated as the fifth most valuable piece of content in a Master in Business Administration, up from 10th in the previous year’s study.
Amongst those considering a specialist MBA degree, entrepreneurship is now in the top four most popular choices (10%), along with IT (10%), International Business (11%) and Finance (15%).
Valuable factors students look for in an MBA degree
The study’s other key findings include:
Entrepreneurship - a solid motivation to pursue an MBA degree
Entrepreneurship has been a growing trend for a number of years and is now firmly a key motivation for a lot of people to embark on an MBA. It presents an opportunity to those schools that are able to market their entrepreneurial expertise, but it also poses some interesting challenges.
Andrew Crisp, author of the report comments: “Schools need to consider if entrepreneurship is taught in its own right or integrated throughout a degree programme. They also should look at the sometimes differing needs of entrepreneurs and those students looking for more corporate roles. From an external perspective, it will be interesting to see what impact an increased number of graduates starting their own businesses will have on MBA rankings, where increases in postgraduate salaries play an important part.”
The good news from the study is the indication that more women are interested in an MBA course. Women represented 42% of respondents – since the study started in 2009 the percentage of female respondents had not risen above 38% until this year and has been as low as 26%. As with an increased focus on entrepreneurship, the successful schools are going to be the ones that are smart about marketing to both male and female applicants and then meeting their study needs where they do differ.
Google and LinkedIn were by far and away the most popular digital tools for applicants and their increased prominence provides a wonderful opportunity for business schools to segment and carefully target their marketing and recruitment efforts. Despite the advances in technology, however, human contact remains key in deciding if the applicant and school are compatible. The most impactful marketing for schools is to combine human contact and technology – with one to one meetings with school staff (37%) and school website (39%) seen as having the biggest impact.
As well as a number of newer trends, the study reinforces certain factors that are ever-present for MBA applicants when choosing a business school. A school’s academic reputation is the most important factor for both men (39%) and women (40%). Along with teaching quality, this has consistently been one of the most important elements since the study began.
The future of MBA programmes
Andrew Crisp concludes: “Since the financial crisis in 2009, there have been reports of the demise of the MBA. Our study shows that it is certainly not dead, but undergoing significant change. Competition is growing around the world, there are demands for different styles of delivery and importantly, students are ever more focused on their future career when judging value for money, with a growing number thinking that career may mean starting their own business.”
At Mantissa College, we deliver the part-time EMBA Programme and MBA programmes Master of Business Administration programme, a programme in collaboration with Paris Graduate School of Management, France case studies comprise an impressive 50 per cent of assessments while the remaining 50 per cent is designated for assignments. The takeaway? When it comes to an active, engaging and hands-on business degree, you’d be hard-pressed to find one better than this MBA.
Mantissa College’s MBA program boasts a dynamic global network of more than 80,000 alumni. One recent alumnus, Harrison Jub, says, “I took the 15-month Master of Business Administration course and in the first week, I was discussing the Real Case Study with groups of working professionals from different fields. And so I was learning from real people with real problems. Thanks to the case study based learning approach I am now capable of taking up more projects because I had been exposed to a wider perspective on handling matters from my learning experience.”
Certainly, evidence attests to the tremendous value of case studies in business education. Between its focus on this learning style and many other desirable attributes, Mantissa College’s Master of Business Administration offers an invaluable inside edge for aspiring business leaders.
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