For Business School

Why Get an MBA?

You will gain broad business knowledge and leadership training that will have a valuable impact on your career.

An MBA provides the credentials to take your career FURTHER.

Is an MBA worth it? If you are eyeing a promotion, thinking of switching careers, or hoping to start your own business, going back to school for an MBA will provide the advanced leadership skills, comprehensive business knowledge, and networking opportunities to put you on the path to achieving your goals.

The benefits of an MBA can include:

  • A breadth of general business knowledge
  • Salary increases
  • More job opportunities
  • Accelerated advancement and greater job security
  • A stronger professional network

MBA Program Options

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Full-Time MBA

Usually 2 years in length, with a full-time course load on campus, plus summer internship opportunities. Requires leaving the workforce and possibly relocating during that time.

 

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Part-Time MBA

Evening and weekend programs that allow students to continue to work full-time. These are increasingly offered online, which enables participation from home. Usually takes 3+ years to complete.

 

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One-Year MBA

For those who meet strict prerequisites and want to advance their career quickly, an intense, accelerated program with full immersion on campus and limited internship opportunities is an option.

 

Tips for Choosing an MBA Program

To find the best fit for you, consider these criteria and do your research on each:

MBA Rankings

Going to a top MBA program can add a certain amount of prestige to your degree. It can be helpful to see how a school ranks in your desired concentration as well. Check out these main sources:

Curriculum

Business schools vary in how they structure their programs. To get a sense of what will work best for you, you may want to visit the campus, sit in on a class and speak with students and alumni.

Reputation

In addition to rankings, you should assess the quality of a school’s teaching and the success of its alumni. This includes job placements, starting salaries and the strength of the alumni network.

Location

Will you relocate? Where would you like to live, develop your network and perhaps even work after graduation? If you’re one of the many international students hoping to pursue your degree abroad, this advice can also help. 

Student Body

Would you prefer a big or small size school? Are you looking to be among a large community of international students? Will on-campus student organizations be important to you? These aspects can impact your choice.

See tips on preparing your application to a graduate-level program

Managing the Cost of Business School

Cost is an important aspect you will have to consider. Can you afford to attend full-time? Does the school offer scholarships or grants? Will your current job subsidize your degree in any way? Be sure to find schools that meet your financial criteria and explore all of your options when it comes to paying for your degree.

Your company can help.

  • Company scholarships
  • Tax credits and deductions
  • Tuition reimbursement plans
  • Local university partnerships

Look for loans and scholarships.

Check with your school to see what they offer in terms of financial aid and MBA scholarships (and make sure you know the application process and deadlines). Also visit sites like these:
Scholarships.com
International Scholarships
Federal Student Aid: Federal Loans

Additional resources.

This collection of tips and tools from U.S. News & World Report can help you address paying for business school.

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Still exploring your options? Learn about the Specialized Master’s in Business degree track.