“MBA” stands for Master of Business Administration, but many people don’t know what an MBA degree actually means or what it can do for their careers. MBA Stand is the ultimate resource for anyone considering an MBA , no matter where you are in the process – from figuring out your goals and passions to selecting the right program and actually completing the application process. We walk you step-by-step through the whole process. Below is an overview of the site contents.
Is an MBA Right for Me?
Before making the decision to apply to business school and get your MBA, it is important to make sure that you have clearly identified your reasons for wanting to pursue a graduate degree and your specific career goals following your MBA. Doing this work up front will not only provide clarity for you, but will also help immensely when it comes time to write your application. But what if you have no idea what you want to do with your career?
Click the link below for help figuring out your career goals.Getting Started
MBA Degree and Curriculum Overview
Most traditional full-time MBA programs last two years (with a summer internship) and cover the basic fundamentals of business, including marketing, finance, accounting, strategy as well as a host of electives. The first year typically focuses on core courses, while the second year allows students to select from a variety of different electives based on their interests. More recently, schools have also begun offering variations of the degree to cater to specific audiences – including one-year, part-time, executive, and online MBA programs. The type of program you choose will have a significant impact on your MBA experience.
Click below to see full details on the types of programs available.Selecting a Business School
Top MBA Programs
The value of an MBA degree and the MBA salary and alumni network vary greatly depending on the school you select. The top 10 full-time business schools include Harvard, Stanford, Columbia, and University of Chicago. Your choice of school depends on your overall goals, as well as additional factors, such as geography, cost, culture, etc. You should research schools thoroughly before deciding which to apply to. Even though all the schools may seem the same at first, they each have their own unique culture and differentiators; understanding these differences will help you immensely when it comes time to write your applications.
Click below to see our full list of MBA school rankings as well as additional information on the best MBA programs.Top MBA Programs 2104
MBA Application Process
Starting your application early will help you immensely. Specific application requirements vary from school to school, but typically include the following:
- Candidate Profile Information (transcripts, work experience, resume, etc.)
- Application Essays
- GMAT (some schools also accept GRE)
- Letters of Recommendation
- Campus Visit (optional) and Interview
Click below to get an overview of the MBA application process and timeline.MBA Application Process Overview and Timeline
Your score on the GMAT is a critical component of your overall application. Plus, along with the essays, it is one of the few areas where you still have real control in influencing your candidate profile at the time of your application (your undergrad grades, work history, and other leadership experiences have all largely been determined by the time of your application).GMAT Format and Overview
MBA Cost and Financing
The top full-time MBA programs can cost well over $100,000, while the cost of other programs vary. An MBA is certainly not cheap, but the good news is that there are a number of financial aid and scholarship opportunities available if you are willing to put in the effort. You may find our post on MBAs that provide the best value helpful as you consider the costs of b-school .
Click below to get more details on the costs of an MBA application, MBA grants, MBA scholarships, and other resources for paying for your MBA.MBA Costs and Financing
MBA Salary and Jobs Post-Graduation
Students graduating from the top business schools can expect to earn over $100,000 upon graduation. The starting salary for other schools varies depending on the reputation of the school. You must carefully weigh the cost of the school with the job prospects after graduation. The most popular industry choices after graduation include Finance, Consulting, Marketing, and Media/Technology.
Click below to see a list of resources related to your MBA, from GMAT test prep to help with finding the best mba programs to application essays, etc.MBA Resources
So, What does MBA stand for? Review all the resources on this site and you’ll know the answer!