The highest and most prestigious degree in business education, called MBA (Master of Business Administration), first appeared in the United States in the first half of the twentieth century. Today the education under this system and the availability of the diploma is recognized all over the world. Let’s understand what is the best paper writing service and who needs this diploma in the first place.
How to get an MBA diploma
Earlier it was possible to get such a diploma only abroad. Today there are programs which allow entrepreneurs and managers to receive an MBA without leaving the country, saving a considerable amount of money. These programs are based on Western courses adapted to the specifics of the country. Most often the training is conducted in the national language, but knowledge of business English is a prerequisite. At the end of the course the student receives an MBA diploma.
Long-term practice of both foreign and domestic universities, working on the MBA program, shows that the majority of people, wishing to obtain this education – top managers, directors and executives, as well as owners of private companies. As a rule, they are ambitious, goal-oriented people who know exactly what they want from their further advancement in business. For them the systematization of already existing knowledge and expansion of practical experience are of paramount importance.
As a rule, those who came for an MBA diploma already have a higher education. However, only an MBA degree program provides directors and managers with the opportunity to learn not only how to lead effectively, but also to plan and strategize professionally for their own business.
What gives an MBA
No less important motivation for those who are going to study at MBA school is an opportunity of faster career growth. In addition, it is no secret that professionals with an MBA degree get higher salaries in their companies. One of the popular Western publications regularly publishes statistics on the growth of salaries of those who have received this diploma. According to their research, such growth ranges from 130% to 196%. In other words, the income of graduates almost doubles.
Thus, we can say that the one who invests money, and, by the way, by no means small in his MBA studies, invests in himself and his successful career.
Many MBA students point out that the biggest boost to their career was the connections they made during their studies or internships. The important thing for them is the exposure to valuable new contacts, as well as the unprecedented opportunity to participate in the implementation of interesting business projects.
Since the acquisition of knowledge in the MBA school allows understanding the general laws of successful creation and management of business in general, as well as understanding of the individual business processes, it often happens that people change their specialization. If they see that their future work at any company or in a particular industry is unpromising, the change of occupation in any case contributes to career growth, because the knowledge and experience gained are not tied, as a rule, to a particular area.
To summarize, if a manager or executive has matured the internal need to change something in his career, expanding its scope and acquiring new knowledge and management skills – he is ready to get an MBA.
Combined mba programs
Recently, an interesting trend has emerged in the system of postgraduate education for the MBA diploma. Its essence is the following: training in business schools partly or completely takes place not in person, but through online conferences and seminars.
Modern formats of learning in MBAs
In today’s realities, with the pandemic forcing everyone to rethink learning and work formats, this option is becoming more and more popular among MBA students. Before you choose a format and program to study, you need to understand which area of study is right for you. It is also important to consider the specialization and national specifics of the curriculum. These basic criteria will allow you to choose the right course of study and gain the knowledge you need to advance in your career.
Of course, widespread use of all the technical possibilities offered by the Internet was not possible before, and now it has become a kind of a sign of education. Statistics show that the number of students who want to study through the hybrid system has been steadily increasing in recent years. For example, at Duke University (USA) in the MBA program last year, twice as many applicants have applied it is combined training programs, where 60% is online classes, and only 40% – lectures in the classroom.
A large number of the combined programs even have collaborative projects that are also done virtually.
Combined MBA programs can be a great option for those students who cannot afford full-time classes for financial reasons, as well as for those people who are extremely busy and for whom every minute they spend is precious. Usually such applicants combine their combined program of study with their main job.
Hybrid MBA
These hybrid programs also have significant financial benefits for the universities themselves. After all, they can substantially reduce the cost of faculty salaries, as well as the cost of maintaining a college paper writing service that comes from a distance, in a dormitory, or on campus.
Combined programs have advantages as well as some disadvantages. Admission requirements for hybrid programs are not as stringent as those for full-time enrollment. On the other hand, many students note that it is the free interaction with instructors and close contact with other students that actively promotes personal and professional growth. After all, it is connections and personal contacts that influence building a more successful career in the shortest possible time.
At the same time, many MBA school and university administrators deliberately eschew hybrid programs in the belief that it will lower the bar somewhat for a high standard of education.
Despite this, time dictates its own rules. And what still seems new and, therefore, uninteresting or unpromising, may subsequently get a special development.
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