Some misconceptions about MBA

Some misconceptions about MBA

Of all graduate degrees offered by institutions of higher education, MBA degree is probably the most popular. A review of some of the issues on the MBA degree on the popular website Yahoo Answers (answers.yahoo.com) reveals that there are many misconceptions about the degree. Some of the most common.

Myth: You should have a business degree to enroll in an MBA degree program.
Reality: The MBA was originally developed in response to needs created when engineers and scientists have been promoted to management positions and found it to be qualified in one area or background is not man management. The universities have responded by creating an MBA. Although about 40 percent of MBA degree students have undergraduate degrees, the preference is for other campuses because good managers require extensive business experience beyond education. Commanders of mathematics, engineering and science are the best, but all the other commanders are acceptable. I taught MBA degree students with experience in history, music, languages, medicine, law, dentistry, psychology, and many others.

Myth: MBA programs only accept students with a wide experience of work.
Myth: It is better to get an MBA right after high school.
Fact: MBA programs prefer students with 2-4 years of work experience after the first degree. While most programs that require students to have work experience, many students accepted out of college if they have good grades and high GMAT score. Some MBA programs are designed specifically for new college graduates without work experience. But these programs do not get the learning of other students who have work experience. Many valuable learning takes place through interaction in the classroom. Also, when you graduate, your jobs will be about the same as the first round gets now because you have no work experience, and they were two years apart from its first cycle field is so hard to find work in this field.

Myth: The MBA is available in a variety of academic fields.
Fact: It is common to see questions like "What schools offer the MBA at the pharmacy" or "I want to make an MBA in Aviation."? or an MBA degree in finance, marketing, accounting and human resources management. There is no such degree. Universities do not give MBA in Information Systems and MBA in finance. Diploma awarded Master of Business Administration, or MS in Finance MS offer in marketing, etc. The MBA is a general degree to prepare students for management positions at all levels of a company, the CEO. MBA students study accounting, finance, marketing, management, statistics, economics, strategy, policy, and other courses. Many MBA programs offer concentrations in these areas and many others, but this is only 2-3 courses in their chosen field in the second year of study. Many students avoid concentration and take a variety of electives to gain a wider bottom. You do not become an expert in a field with 2-3 courses. It usually takes a year of concentrated study achieved with the Master of Science in finance, pharmaceuticals, mechanical engineering, or other expertise.

Myth: The MBA degree is worth the cost and effort if it obtained a high school level.
Fact: MBA programs receive many more senior applicants who can support and can reject 90 percent or more of highly qualified candidates. It is true that graduates of high schools are offering higher salary in the rankings. But many other Top MBA programs offer a significant degree with significant financial benefits. Average wages in some of the most lucrative areas of undergraduate (business, accounting, paralegal, and nursing) of about $ 41,000 to about $ 53,000. In addition, MBA graduates in 2010 earned a median salary of about $ 79,000, not counting an average bonus of $ 13,000 registration. Further, career development with an MBA tends to be much faster than just a degree.

Potential MBA students seeking MBA programs may apply should consult the Official MBA Guide before deciding on a program. With over 2,000 MBA programs listed worldwide, the Official MBA Guide is the largest database of program information. This is a free public service and has a search engine that allows candidates to indicate their preferences and criteria for ranking of MBA programs that meet their needs list.