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Things you need to know before doing an MBA degree

MBA Distance Learning

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Since you have landed on this blog article, we assume you are an MBA aspirant. Without a doubt, MBA is one of the courses that have become the most popular in the last century. Everyone is acquainted with at least one person who holds an MBA degree. So what is all the hype about this course? Let’s get into the details. Mentioned below is everything you need to know about an MBA degree. Give it a thorough read.

Jump to section:

What is an MBA?

What are MBA specializations?

Time required to acquire an MBA degree

  • Online MBA

How to get into an MBA?

  • Admission Test Waivers

Ways to excel at studying

  • Tips & Tricks

Conclusion

What is an MBA degree?

MBA stands for Master of Business Administration. It is an internationally accepted postgraduate degree. It introduces an individual to the nooks and corners of the business and management world. Whether you are trying to take up your career graph or jump into the pool of entrepreneurship, an MBA qualification will come useful. Many specializations and types of courses are available at present. Therefore, making a choice can be overwhelming. Here are some details to make the process a little less daunting. 

What are MBA specializations?

The beginning platform of the MBA curriculum is the same for all students. Moving ahead, candidates select one specialization. What is specialization? A Master of Business Administration specialization offers focused training in one field. This intends to tell the employer that the graduate is well versed in that particular business area. Having said that, you cover a variety of management subjects in the entire course syllabus. 

Have a look at the specializations:

  1. International Management
  2. Human Resource (HR) Management
  3. Project and Operations Management
  4. Healthcare Management
  5. Global Banking and Finance
  6. Quality Management
  7. Marketing Management
  8. Information Technology
  9. Supply Chain Management
  10. Education Leadership
  11. Executive MBA
  12. Conversion MBA

Which one is your best fit?

Time required to acquire an MBA degree

An increase in the demand for MBA also increased the ways of acquiring one. Traditionally, an MBA course used to be of two years. But with time, many other alternatives have become available. One can choose from a wide range of full-time or part-time MBA, dual MBA and online learning.

While opting for a full-time MBA, one also gets the option of choosing between one or two-year programs. For individuals with experience and less time in hand, one-year programs are more suitable. For budding candidates, two-year programs are advisable. Some courses come with a mandatory internship period, to prepare the student for the professional world with first-hand experience. 

Part-time MBA courses are best suited for working professionals. A dual MBA provides individuals with the fast-track option of going forward with two master’s programs at the same time.

Online MBA

With a lot of working professionals desiring to do an MBA, online MBA courses were introduced. Since then, the fight about which is better, a full-time program or an online program, has been going on. Initially, online programs faced much criticism. One of the biggest criticism beings, online programs fails to provide students with the in-campus exposure, thus hindering their learning. But as time went by, the pros of an online MBA program won over the cons.

One cannot ignore the fact that for individuals with financial and geographical restraints, online programs prove to be a blessing. It is the most accessible route for them to acquire a degree from universities.

Many top universities now offer online courses. One such university is the Lincoln University of Business and Management. Have an online degree can make one more profitable to recruiters. Also, online MBA programs are much more cost and time-effective as compared to full-time programs. Cutting out on expenses like relocation, lodging, etc, one can afford to invest more in the program. With the number of pros exceeding the cons, it can be said with an amount of certainty that online courses are gonna be there for a long time. 

How to get into an MBA program

Before seeking the answer to the question, one must be prepared with the answer as to what kind of program are they trying to get into. Different programs have different eligibility criteria. Most universities offering full-time programs take into consideration one’s GMAT, GRE, or other admission test scores. These exams can take as long as a year to prepare. Therefore, one should properly analyze how much time he/she can afford to dedicate and then start accordingly.

Admission Test Waivers:

One interesting thing to note here is that a lot of universities offer test waivers. Individuals having work experience qualify for these waivers. For some universities, these waivers are applied automatically.  While for others, the candidate has to apply for them separately. The eligibility benchmark for attaining these waivers varies from university to university. Along with work experience, undergraduate and graduate scores are also taken into consideration. For those, not qualifying for the waivers, one must start to prepare (accurately) for the MBA entrance exams.

When it comes to eligibility criteria, online programs are more lenient. Have a look at the entry requirements of different specializations at Lincoln University of Business and Management.

Ways to excel at studying

MBA programs can prove to be quite tedious. When one is enrolled in an online MBA, there is no pressure of going to the campus or attending physical classes. It is easier to get muddled up. For the same reason, we have listed below a few tips and tricks to help you with. Keep reading!

Tips & Tricks

  1. One is likely to tumble while creating a work-life balance. Therefore, it is important to establish a fitting schedule and follow it thoroughly. 
  2. Also without the proper classroom, one may find a lack of interest in studying. To overcome this one should choose their environment correctly. A quiet environment with the least number of disturbances is the best.
  3. Furthermore, don’t forget to take study breaks. Researches have proved how efficient study breaks are. If you feel too much pressure, try a change of environment. A visit to a café or a library may prove to be an incentive for your brain. 
  4. Before you chalk out your schedule, don’t forget to go through your coursework earnestly. Understand exactly what does your coursework demand. Take notes of important dates so that it doesn’t create strife in your professional or personal life.
  5. Just because it’s an online degree, doesn’t mean you don’t reach out to your fellow program mates. At first, it may seem intimidating to talk to strangers. Try to shed your inhibitions at times like this and make the move. The stranger may prove to be your best friend, guide, and philosopher. Try to get in touch with your batchmates and study together. Participate in the online discussion forums and try to share your knowledge as well as learn from others.
  6. Make an effort to stay in touch with your faculty members. They are the ones who will be able to guide you in the best way possible in case of any difficulty.
  7. One great advantage of doing an online course is that it allows you to maximize your technological skills. These skills will prove to be of great help when you get back to your office space again.

To conclude:

We hope this information proves to be useful for you. Lastly, have a look at our website to know more about the specialized courses offered at Lincoln University of Business and Management. For further queries, get in touch with us today.

 

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