|

If your CV isn't sporting
an
MBA, then why not? 100,000 managers who gain one every year worldwide
are reaping the rewards of their qualification with top jobs and
well above average salaries, according to The Association's of
MBAs' (AMBA) Careers
and Prospects Survey 2003.
The
survey confirms that base salaries of UK graduate MBAs continue
to rise consistently and remain ahead of average earnings despite
the current economic climate - 13% of respondents earn £100,000
or more and 8% earn less than £30,000.
The
base salary of the 900 MBA graduates who took part in the latest
survey averages £64,000 per annum. In real terms this translates
to a 39% increase in salary upon graduation. Salaries rise incrementally
with seniority and Directors' base pay shows a leap of 20% whilst
the base pay of senior managers has risen by 15%.
When
it comes to salaries by function, MBA graduates working in general
management are the best paid on an average salary of almost £80,000
(£79,687). Those in administrative roles received the lowest mean
salary (£41,450).
Other
findings from AMBA's research show that:
- People
choose to take an MBA for a number of reasons: to improve their
prospects with their current employer (65%), to move into a
different industry sector (54%). One quarter of entrepreneurs
(22%) set up their own businesses with a further 15% choosing
self-employment.
- The
vast majority (90%) said that achieving an MBA had given them
increased self-esteem and 82% felt that their MBA has helped
with their confidence levels and allowed them to become more
assertive.
- Employers
continue to invest in the MBA qualification with 75% of organisations
providing some form of financial support.
It's
fair to say that the days when businesses were queuing up for
newly-qualified MBAs are over now the economic climate is chillier.
However, Paula Glason, Marketing Manager, at AMBA is confident:
"The MBA remains a popular qualification and a good long-term
investment at a time when job prospects are less than rosy."
These
are the reasons why you should get an MBA, now click on the links
for advice on how to get one.

Step
1: Do I qualify to take an MBA?
Step
2: Choosing a course
Step
3: Choosing a course format
Step
4: Choosing a school
Step
5: GMAT
Step
6: Applying to schools
Step
7: Making the most of your MBA
Step
8: Funding an MBA
Some
Useful Contacts

Do I qualify to take an MBA?
MBAs are mostly among the better-qualified graduates, though AMBAs
current research shows that 30% of their respondents had not gained
a first degree before taking an MBA. With regard to original disciplines
of study, the largest group is those who studied engineering for
their first degree followed by those who graduated in science.
For
many, studying for an MBA is a means of shifting in a direction
or converting from specific technical skills to broader managerial
competence. The vast majority of graduates are male though the
trend in the participation of women has increased.
The
average age of a full-time MBA candidate beginning study is 27
years and the average part-time student is usually 32 years of
age.
Entry
Requirements
The basic criteria are usually:
- An
honours degree or its professional equivalent
- At
least three years' managerial work experience
- The
Graduate Management Admissions Test (GMAT)
score
of at least 500.
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Choosing a course
Before choosing an MBA degree course you have to ask yourself
many questions: Do I want to relocate? What do I want to do after
my MBA? Why am I doing it now? How much will it cost?
You
will have to weigh up costs which vary from £75,000 for a top-of-the-range
Global MBA from a highly-ranked school to around £3,000 for a
more anonymous qualification, against what you need from it, such
as international experience.
Consider
the following when deciding on the right course for you:
- does
the course fit
your basic requirements, your needs, what you want to learn
and gain from the program as well as the type of experience
you want to have, and your circumstances such as budget, time
and location?
- which
areas you want to specialise in - entrepreneurship which
teaches students to work in small emerging growth businesses
is popular now as are the technical fields, as corporations
like their managers to understand technology. The nearest school
to you may not offer the specialisation you want so you need
to consider whether you would and could move - even abroad.
-
how the program's core curriculum of marketing, finance
and accounting is offered - are they taught as separate subjects
or integrated into group projects, for instance? Many MBA programs
are steering away from the more traditional lecture courses
and trying to replicate the business world in the classroom.
Find out if there will be a lot of case study work - and if
so are you good at reading a lot, quickly and absorbing information
in this way? Perhaps project work will be important - so do
you have much experience of investigating things, preparing
reports and making presentations?
- the
importance of the course is to the school - if the course
is not core then facilities, resources and teaching may be seen
as a bit fringe too. Find out whether the program is growing,
stable or declining and, if so, why?
- what
the success rate of the program is - i.e. the pass rate?
Do those who fail do so for academic reasons - or just because
they drop out? What would either of these things indicate? Remember,
your objective is to get an MBA so you need to know why others
didn't.
- what
links the course has with business and what work experience
opportunities there are, as these often lead to jobs. Half of
the respondents to AMBA's Career and Prospects Survey 2003 found
a new job through word of mouth, highlighting the importance
of networking. Check how highly regarded the program is by the
type of employer you might be interested in. Find out if they
have recruited from the program before? Is there an Alumni group
or network which helps with placements. Most MBA programs will
have a placement office that can help you progress- your career.
Class projects will sometimes involve local businesses so they're
also a good way to network with potential employers. Internships
also come from the surrounding area and can provide a path to
a professional job after acquiring the MBA.
- whether
other students attending the course have similar experience
to you? A lot of what you will gain will be from group interaction
so you need to ensure that, in some respects, they are not very
different from you, i.e. have held jobs at similar levels to
you, are of a similar age etc. Full time and part time courses
attract younger students, traditionally.
- whether
there is some diversity in the student population - people
from a range of backgrounds, cultures etc. Many global companies
prefer employees who have 'international' experience. Global
MBAs - delivered in several countries - are thriving, with more
top-ranking schools getting in on the act. London Business School
(LBS) reports a 55% increase in applications for the third intake
on its Executive MBA Global program (EMBA-GLOBAL).
-
how the course is assessed and what suits you best. Will
it be exams, assignments; presentations; individual or group-based
assessments, or a mix. If so, in what proportion? Try to be
sure that the approaches used in the program will suit you.
-
How
much work will be required? Will it fit in around your other
work/life commitments. How achievable is the MBA?
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to 8-steps list
Choosing a course format
MBA programs can be full-time, part-time, modular or use distance
learning (DL). Electronic programs make use of information technology
such as the internet and video conferencing to deliver, not only
DL courses, but also to extend full-time and part-time courses.
There
are specially targeted courses such as Executive MBA programs
geared toward senior managers, and the employer often pays. Classes
usually meet at night or on the weekends and many meet a weekend
or two a month.
Niche
programs now allow students to focus on one academic field, exploring
one segment of the economy - health care, for example.
Full-time programs last one or two years, while part-time programs,
which offer students the chance to integrate studies with employment,
average two to three years. A DL course, the fastest-growing mode
of MBA study, takes an average of three to five years to complete.
More than 10,000 students opt for distance learning, but despite
their growing popularity, with family and work influences playing
a major factor, full-time courses may offer the best long -term
value all round.
In
AMBA's recent survey, 35% of respondents had taken full-time courses,
the remaining 65% opted for distance and part-time MBAs. However,
the survey also showed that full-time courses proved more profitable
in the long run. As in 1999, graduates from the two-year full-time
courses enjoy the greatest rewards, reflecting a premium for students
undertaking such courses. The average salary for two-year full-time
graduates is £78,000 compared with £69,000 for one-year full-time
graduates, £61,000 for part-time and £53,000 for distance learners.
This may be a reflection of the individual's earning power and
position, prior to taking the MBA.
There is also a distinction to be made between DL courses and
the full or part-time courses in terms of class contact time.
There is more to an MBA than bookwork. It is very much about how
you work as part of a group and how you can develop your leadership
capabilities.
This
comes informally through working as part of a project, but also
formally, for example, speed-reading courses or instruction on
understanding power politics are offered by many schools. Others
hold 'media' events with the board (students) being questioned
by journalists (teaching staff or other students).
Whatever
type of MBA you opt for, the core program will consist of basic
business skills (about one-third of the course) and electives,
which you choose.
The
following core courses should be covered: managerial economics;
financial and management accounting; marketing; quantitative methods;
human resource management; operations management; information
systems and business strategy. Increasingly schools are offering
specialist MBAs but these core subjects still form the heart of
the program.
Again
c ost is also a prime consideration; a private school can cost
as much as £40,000 for the two-year full-time program from an
International School. DL is much cheaper but may not bring all
the rewards of a full-time course. Financial support
is available in some cases.
Back to 8-steps list
Choosing a school
Employers do not now simply ask whether an applicant has an
MBA but where it was studied.
To
find out which are considered the best schools you could look
at league tables published by magazines and newspapers like the
FT (Financial Times) annual survey of MBA schools, based on full
time MBA courses. While percentage increase in salary for graduates
is the biggest single determinant of ranking it also takes into
account internationality, research ratings, etc. www.ft.com
The
process of accreditation carried out by AMBA for over 25 years
also offers clear guidance. Courses at 33 UK business schools
and 15 continental schools carry AMBA accreditation. Besides an
indication of the standing of the business school involved, accreditation
means students are eligible for the Association's Loan Schemes.
The
AACSB (previously the American Assembly of Collegiate Schools
of Business) is the main accrediting organization for American
MBAs. Several hundreds of programs are now accredited by the AACSB
which lays down standards for programs and their schools covering
such matters as the curriculum, the faculty, the student body,
library and other facilities.
Additionally,
you need to consider a business school's size and culture, program
content, quality of faculty and student body, facilities and location.
Does
ranking matter?
Does it matter if the school you choose is not one that tops the
league tables? AMBA warns these rankings should be used with caution
as the criteria for different lists are hard to compare. However,
if a school appears in a number of lists it's safe to say it's
a well-respected school - and for that label add at least a nought
to the tuition fees.
The
top schools are not cheap - a global MBA from LBS/Columbia will
set you back around £75,000, compared with £40,000 for its London-based
Executive MBA - but they do have kudos among prestige employers,
which may actually make these courses more cost-effective in the
long-run. In deciding on a school, you need to ask why you really
want an MBA and what you want from it. If you're heading for a
career in consultancy or investment banking then you have to go
for a big name school. If you are looking for an overall knowledge
of the business disciplines and to enhance your business skills
you may get better value from a mid-ranking national school.
In
Europe, the decision would be whether to go to LBS or INSEAD (the
two really international schools in Europe, with the possible
addition of IMD) or to a good national MBA school such as IESE,
Rotterdam or Cranfield.
The
status of a program will often be reflected in the competition
to get into it, so you may want to know how many applications
it gets and what proportion are admitted.
AMBA
suggests you also compare the number of places available on a
program - as identified in the entries in the database - with
the actual number that entered the program last year, which you
will have to ask for. If the actual is less than the number of
places made available it may indicate that the demand was not
as high as had been hoped by the school. You must also be realistic
about your chances of getting in if there is a high demand for
a certain course.
Aim
for a balance - i.e. a good entry competition in which you have
a good chance of succeeding.
The
FT (Financial Times) annual survey of MBA schools.
The following rankings are taken from the Financial
Times (FT) research into full-time MBA courses. While
percentage increase in salary for graduates is the biggest single
determinant of ranking it also takes into account internationality,
research ratings, etc.
|
Rank
2003
|
Rank
2002
|
Rank
2001
|
Business
School |
Country
|
|
1
|
1
|
1
|
University
of Pennsylvania: Wharton |
US
|
|
2
|
2
|
2
|
Harvard
Business School |
US
|
|
3
|
3=
|
5
|
Columbia
University GSB |
US
|
|
4
|
3=
|
3
|
Stanford
University GSB |
US
|
|
5
|
3=
|
4
|
University
of Chicago GSB |
US
|
|
6
|
6
|
7
|
Insead
|
France
|
|
7
|
9
|
8
|
London
Business School |
UK
|
|
8
|
8
|
10
|
New
York University: Stern |
US
|
|
9
|
10
|
9
|
Northwestern
University: Kellogg |
US
|
|
10
|
6
|
6
|
MIT:
Sloan |
US
|
|
11
|
11
|
13
|
Dartmouth
College: Tuck |
US
|
|
12
|
12
|
20
|
Yale
School of Management |
US
|
|
13
|
14
|
11
|
IMD |
Switz
|
|
14
|
16=
|
22
|
University
of Virgina Garden |
US
|
|
15=
|
19
|
18
|
Duke
University: Fuqua |
US
|
|
15=
|
15
|
14
|
University
of California at Berkeley: Haas |
US
|
|
17
|
25=
|
29
|
Georgetown
University McDonough |
US
|
|
18
|
25=
|
24
|
IESE
Business School |
Spain
|
|
19
|
13
|
15
|
Cornell
University: Johnson |
US
|
|
20
|
16=
|
12
|
University
of California at Los Angeles: Anderson |
US
|
Further
reading
The Official MBA Handbook - AMBAs Guide to Business Schools, provides
full details on how to choose a school and MBA program as well
as covering many other issues concerning the MBA. The Guide also
includes a StudyLink MBA CD Rom which highlights programs accredited
by the Association and lists hundreds of others around the globe.
Back to 8-steps list
GMAT
Taking your GMAT Test
The Graduate Management Admissions Test (GMAT) is required
for all aspiring candidates who are looking to apply for an MBA
program in Europe or the United States. Schools look for a score
of at least 500 up to 700 plus for the well-known business schools.
GMAT
comprises tests in numeracy, literacy, verbal and non-verbal reasoning
(non-English speaking applicants are also required to take an
English Language Test).
It
is a US-based test, sponsored by an American body, The Graduate
Management Admissions Council, and administered by the Educational
Testing Service (ETS). Even if schools have an admission test
of their own, they will exempt applicants from it if they have
taken the GMAT and achieved a good score.
While
the GMAT is not the only factor in the application process and
a good GMAT score does not automatically guarantee admission,
a score below a certain level may prevent some schools from even
considering your application.
Your
GMAT score becomes considerably more important if you are going
from outside the US, since the quality of foreign grades are hard
to evaluate for US schools.
The
GMAT is now given as a Computer Adaptive Test (CAT), which means
that the candidate is sitting in front of a computer and typing
the answers directly. This new format requires different strategies
and tactics to get an outstanding result.
What
is tested in the GMAT?
The new GMAT CAT lasts approximately three hours and is composed
of two 30-minute essays, a 75-minute 37 multiple-choice Quantitative
section and a 75-minute 41 multiple-choice Verbal section. The
test is comprised of the following three sections:
- Analytical
Writing Assessment (AWA): This section requires the candidate
to write two essays in 30 minutes each.
- Quantitative
Section: This section includes both problem solving and data
sufficiency questions, which were once given as separate sections
in the paper-and-pencil test.
- Data
Sufficiency: For each item you will decide how much of the mathematical
data you are given is sufficient for answering a question.
- Problem
Solving: You will solve general math and word-type problems.
- Verbal
Section: This section includes sentence correction, reading
comprehension and critical reasoning questions, which were also
given as separate sections in the paper-and-pencil test.
- Sentence
Correction: You will demonstrate your knowledge of correct and
effective English expression.
-
Reading Comprehension: You will answer questions to test your
understanding of written passages from a variety of subjects.
- Critical
Reasoning: You will derive logical conclusions and relationships
from a variety of situations and passages.
How
is the test scored?
The GMAT in its CAT format is now an adaptive test, which means
the software determines your next question by your performance
on previous ones. Therefore, each candidate faces a unique combination
of questions. Questions are weighted so you get more points for
answering a hard question correctly than you do for an easier
one. In addition to your scored questions, each test contains
some which do not count and are being pre-tested for use in future
tests. These will not adapt to the level of the candidate's performance.
Preparation
In the United States and many other countries, it is common practice
to prepare for the test months in advance. Around 10% of applicants
are accepted at top schools, so you should maximize your potential
by investing some time in preparation if you want to join them.
Many
companies, such as Kaplan, offer GMAT preparation courses and
provide MBA application services such as essay editing and consultation.
There are also books, software (download at www.gmac.com)
and websites which can help with your preparation, providing mock
tests, tips and techniques.
When should I apply?
Apply for the GMAT no later than December of the year prior to
the September you are seeking admission.
Where can I register for the GMAT?
In Europe you have to register for the GMAT with:
Sylvan Learning Systems B.V.
CITO
P.O. Box 1109
6801 BC Arnhem
The Netherlands
Phone: +31-26-352-1577
Fax: +31-26-352-1278 6.
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Applying for schools
It is recommended that a prospective MBA student take between
six and 10 months to prepare a business school application. No
wonder, when you consider how much paperwork is required, including
personal statements, recommendations and several essays. Some
schools also require interviews.
The
Internet, books and courses offer masses of advice, coaching and
tuition. There are just as many companies offering services, such
as essay editing, to improve your chances of gaining entry.
The
web is, as ever, a good news source offering excellent information
on the current admissions trends.
For
instance, CELCEE,
an Adjunct ERIC Clearing house on Entrepreneurship Education,
reports that since the terrorist attacks of September 11 which
dampened demand from foreign students, US business schools have
been very eager to offer admission to international students,
enrolling as much as 40% of their classes from outside the United
States.
They
also warn that the Student and Exchange Visitor Information System
(SEVIS) recently implemented by the Immigration and Naturalization
Service (INS) has slowed down the process of getting a visa, especially
from China and India. International applicants should therefore
apply early.
In
preparing your application it is wise to ask the admissions office
of the school you are researching if you can speak with a current
student, faculty member, or alum to get an insider's perspective
of the program.
Once
you have completed your application, it's a good idea to get someone
you trust to review it.
The
application form
Your form should be clear, complete and neat and should give a
clear picture of you. Ask someone to look over your drafts. Remember,
the application documents are particularly important if you will
not be attending an interview.
Your
CV/Resume
A separate personal resume or CV maybe required. It should be
typed, written concisely and laid out neatly. Include details
of your learning and professional experience and show evidence
of your managerial and leadership skills. Most programs like to
see evidence of your ability to work as part of a group. Skills
and abilities that differentiate you from others should be highlighted
and add some things which might become topics in an interview.
The
Essay
An off-the-peg essay from a book or website may solve a problem
for you, but a tailored essay relevant to the school you are applying
to is thought to be a more successful approach. Make sure your
essay is well structured and free of spelling mistakes. Address
all the specific topics requested or suggested by the school and
follow their instructions to the letter with regard to lay out
or word limits. There are many companies who offer essay editing
services, which help you present a professional application.
Tests
Some schools ask you to do psychometric or personality tests at
the interview, so it's a good idea to do some practice tests before
hand to familiarise yourself with the format. You may get some
group tests or exercises at the time of the interview which will
be observed. The school will want to see your leadership abilities
but also your ability to listen, support and encourage others.
The
interview
The best advice is go prepared. Do your homework on the school
and the course - most schools have websites and prospectuses where
you can find information. Think about some of the questions you
might be asked (Why do you want to do this MBA? Why do you want
to do it now?) and think about how you would answer them. Obviously,
dress smartly and aim to get there early - it may give you a chance
to look around the school. Make it clear that you understand all
the cost issues - fees, residence etc and also have one or two
good questions to ask at the end of the interview.
Recommendations
Most programs request three letters of recommendation. You could
ask professors, past/current employers, advisors or coaches, or
perhaps people with job titles your school would recognise. Make
it clear to them how important their recommendations are to your
application. Choose people who can detail your unique strengths.
Brief them well, but don't direct what they should write.
When
to apply
Send for applications and promotional materials in late August/early
September one year prior to the date you are seeking admission.
Although the deadline for applications is generally April/May
it is advisable to get your application in at the beginning of
the calendar year in which you wish to begin studying.
International
students need to apply as early as possible, so visas, financial
aid and personal circumstances can be organised and also to allow
time to attend the language summer programs required by certain
schools.
Part-time
and distance learning MBAs tend to begin in January so you should
think about applying for these about six months ahead.
Where
to apply
You can apply to each school and many use on-line applications.
Companies like the Princeton
Review now helps millions of students each year to navigate
standardized tests and the college and graduate school admissions
process through its courses, books, software and websites and
have applications to more than 700 schools.
Back
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Making the most of your MBA
People choose to take an MBA for a number of reasons: to improve
their prospects with their current employer, to move into a different
industry sector, to set up their own businesses or to become self-employed.
AMBAs
2003 Careers and Prospects survey, which questioned 900 of its
member MBA graduates on their earning power and career development
post graduation, suggests that the qualification delivers on all
counts, as long as you remember that the labouring global economy
has put a dampener on recruitment.
It
shows that 54% of respondents changed employment sector after
graduation, with a marked migration away from public services
and into management consultancy.
Of
those changing companies, the trend is for MBAs to move to smaller,
micro companies, some time after graduation, where they are better
able to flex their new found skills.
For
MBAs who move between functional areas, the tendency appears to
be towards general management, with the greatest percentage move
towards corporate strategy roles.
Findings
suggest that graduates in the finance, personnel, marketing and
IT functions are more likely to stay within their disciplines
than those in manufacturing. The most significant move was away
from production and manufacturing operations.
However
if you are hoping an MBA will springboard you into a new career
- beware; businesses want to see experience, as well as a certificate.
It will help if you work out how to present your own distinctive
combination of experience and newly-learned skills to a prospective
employer. Self-presentation skills and the ability to create a
plausible "package" from your varied experience are vital for
those trying to change careers.
Do
not underestimate the power of networking. Half of the respondents
to the AMBA survey found their current job through word of mouth,
emphasizing the importance of contact networks.
Most
courses have links with business, through work experience opportunities,
internships or involvement with class projects and these often
lead to jobs.
Check
how highly regarded the program is by the type of employer you
might be interested in. Find out if they have recruited from the
program before. There may also be an Alumni group or network which
helps with placements or appointments.
But
perhaps the biggest key to mining your MBA is educating employers
about what you can now bring to the party; 35% of MBA graduate
respondents to AMBAs recent survey report frustration as a result
of their employer failing to recognise their new knowledge once
they have completed the qualification. Perhaps then it's the employers
that need educating.
Back to 8-steps list
Funding an MBA
Taking on an MBA program is a huge commitment in both time
and money. The fee is often substantial and must be added to living
costs, materials, travel, and for full time programs the loss
of income for the period of study.
According
to AMBA's Careers and Prospects Survey 2003, employers continue
to invest in the MBA qualification. The survey shows that 50 %
of MBA graduates questioned had all fees paid by their employers,
and only 16% reported no financial assistance.
Of
those who received financial support, 35% were under a form of
contractual obligation, an increase from 23% in the 1999 survey.
Those who had been granted an unpaid leave of absence (7%) were
least likely to be placed under any obligation.
In
some countries there are tax benefits with the fees for certain
types of course attracting tax relief.
If
you are having to fund yourself, there are other forms of financial
support available from governments, charities, companies, financial
institutions etc and there are various types, though competition
for them is fierce.
Scholarships,
bursaries or grants may be awarded to cover some or all of
your costs, but there may be conditions attached such as returning
to your own country after completing your MBA. Funds are sometimes
made available for particular groups that the school wishes to
attract to their program - e.g. people from particular countries,
professions, ethnic groups etc. You may have to compete against
other students by written application.
For
study in the USA apply to:
-
AAUW For women
- DuPont
International Scholarships
-
Hansel Scholarships
- IRC
Asian Scholarships. For Asian students
- MasterCard
- GM/Circuit
City Scholarships
- Worrel
Fellowships. For students from developing countries
-
Global Grants. For international students
- BUNAC.
Top-up Scholarship for British Graduates for study in USA or
Canada
-
Kennedy Scholarships. For study at MIT or Harvard
(Kennedy Memorial Trust)
- International
Student Scholarship Search
For
study in Europe apply to:
- Rotary
Foundation
(Rotary Center, 1560 Sherman Av, Evanston, IL 60201, USA.)
- World
Bank, Grad Scholarship Program
(1818 H Street NW, Room M4035, Washington, DC 20433, USA. Tel:
+1 202 473 6849)
-
Inter-American Development Bank.
(1300 New York Av NW Stop W0602, Washington,
DC 20577, USA)
-
Mary Lugard Scholarships
Available for study at 50 leading schools worldwide. (Tel:+44
207 833 0120)
- Charles
Bell Fund.
For UK citizens engaged in commerce and commercial education.
(London Chamber of Commerce)
- International
Education Financial Aid
-
Sainsbury Management Fellowships.
For UK Engineering graduates for study at INSEAD, Rotterdam,
Theseus, IMD (www.smf.org.uk)
-
London Chamber of Commerce and Industry Examinations Board (LCCIEB)
scholarships are for students wishing to undertake a course
of study leading to their own examinations or assessments and
who already hold at least one LCCIEB qualification. (Tel: 0208
302 0261)
-
University of Warwick
Bursaries for Women. Aims to encourage more women to study at
the business school through bursaries to women who are enrolled
on certain postgraduate courses. (Tel: 01203 524306)
Earning
opportunities
These are provided by some schools e.g. Research Assistants posts,
in order to help offset fees.
Loans
Some schools offer loans on beneficial terms. Otherwise there
are banks and other institutions.
For study in the USA more loan information and help is available
from:
For
study in the Europe more loan information and help is available
from:
- NatWest
Bank.
- HSBC
Bank
- CitiBank
- The
Association of MBAs Loan
Scheme established by AMBA in 1969 has approved loans for submission
to a value exceeding £100m under this scheme since 1990. It
is operated with NatWest Bank and the Bank of Scotland for UK
residents who have a place on an MBA program accredited by The
Association of MBAs or on selected leading MBA programs around
the world
-
Career Development Loans.
For UK people studying in the UK.
(Freepost, Newcastle upon Tyne, NE85 1BR)
-
If you are planning to study in the UK from overseas a guide
called 'Grants to study in the UK' is published by the Directory
of Social Change, Publications Department, 24 Stephenson Way,
London NW1 2DP (Telephone 0207- 209-5151)
e-mail info@d-s-c.demon.co.uk
For
study in any country more help is available from:
Support
from other sources
www.howto.lycos.com
- this is an excellent gateway to more information on financial
aid and includes a cost calculator to help you accurately predict
how big a financial burden you may need to take on.
www.mba-courses.com
Loan contacts
The Barclays Information Line free on: 0800 400 100
The NatWest Information Line free on: 0800 200 400
(outside the UK): + 44 20 7390 2532)
Bank of Scotland information line on 0500 313 111
(outside the UK) : + 44 13 1549 8041)
Further reading
Charities Digest, published by Waterlow Information Services,
price £21.95 ISBN 1 857 83803 3
Directory of Grant Making Trusts, published by Charities Aid Foundation,
price £19.95
The Grants Register 2003, published by Macmillan,
price £99, ISBN 0 333 72424 0
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www.mbaworld.com
The Association of MBAs, a charity established in 1969, is an
independent accreditation body which assesses the quality of MBA
programs. It is also a membership organisation for students and
graduates of accredited MBA programs (and selected leading MBA
programs around the world).
The Association of MBAs, 25 Hosier Lane, London, EC1A 9LQ.
United Kingdom
Tel: +44 (0) 20 7246 2686
Fax: +44 (0) 20 7246 2687
www.mbainfo.org
The MBA Program Information Site gives details of over 2500 MBA
programs from 1300 Universities, Business Schools and Management
Colleges in 126 countries worldwide.
www.mba-courses.com
MBA Courses Worldwide offers advice on choosing the right MBA
programs for you, whether by full time study or via an online
MBA.
www.gmat-review.co.uk
Manhatten Review Education and Career Consultants offers GMAT
preparation courses in London (sometimes named GMAT Review UK).
Careerdynamo.com
This site offers comprehensive information, discussion and news
about the MBA as well as the latest league tables.
www.businessschools.com/applying/
An online business school and program directory offering detailed
advice on applying for business school.
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