The MBA (Master of Business Administration) is not an analogue of a diploma of higher education in many countries. But in the US the situation is different, because of the different education system. Here you can apply for an MBA, having a bachelor’s degree. You can continue the general 4-year education and get a Master degree in business.
At the same time, this does not always mean that immediately after receiving a bachelor’s degree in one area or another, you can apply for an MBA. Most likely, the graduate will have to work for several years, because most business schools require 3-5 years of professional experience from the MBA entrant.
What do business schools in the USA offer?
Almost all US educational institutions that have an MBA program, whether private or public, offer a variety of training options, from full-time to part-time, with varying duration. What to choose – depends on personal needs in each case.
Full time MBA Program
Full-time MBA training means complete immersion in the learning process, student and professional life. The curriculum contains more subjects, more hours to study, more practical classes and trainings, where the leadership skills and teamwork skills are honed and so on. Full-time students are offered more professional activities: congresses, speeches, master classes. Of course, the full-time MBA is the most effective. The duration of training is usually two years.
Part-time MBA Program
Part-time training allows the student to combine work and study since classes take place 2-3 times a week in the evenings and weekends. It can be very convenient for those who are not ready to part with work or to reduce the number of working hours. However, there are also disadvantages: not such a rich curriculum and only partial integration into the study of business processes while studying. The duration of the program is three years.
Executive MBA (EMBA)
EMBA implies only a partial and rather a superficial study of the necessary disciplines and the passage of a small number of trainings. This program is developed for already held professionals in business and management with more than ten years of experience, wishing to confirm it with the appropriate diploma. EMBA training takes 1-2 years, classes are held in the evenings and weekends.
This is an accelerated training program designed for students who already have an education in business, management, marketing and other related fields. Training takes only 1-1,5 years because the number of hours allocated for coverage of the introductory and basic information on all disciplines of the curriculum is reduced.
Distance education has many advantages: you do not leave the country, spend a lot of money on life and study abroad, allows you to master the curriculum at your own pace. However, the disadvantages are also obvious: minimal immersion in the language environment and the learning process. The duration of distance learning is 1-3 years, depending on the chosen program, the school and the speed of mastering the training material.
A number of US business schools offer their future international students various courses designed to help future students enter and study. These can be language classes to improve the general level of English or special terminology. Also, students are offered preparatory classes in some disciplines related to the upcoming training, for example, finance, marketing, audit and so on. There are also courses aimed at the rapid adaptation of an international student in the American student society.
MBA applicant requirements
Some requirements for applicants for MBAs may vary slightly depending on the school and the training program, but, in general, their list is approximately the same. First of all, the student must have completed 3-4-year higher education, a bachelor’s degree or equivalent, and the level of English proficiency required for training (TOEFL/IELTS certificates with a high score). As already mentioned above, in many cases, one of the requirements will be the existence of proven professional experience.
Typically, the entry system consists of several stages. First, the student provides the necessary documents to the school. They can take several months to consider, after which an interview will be completed at this stage of the selection process. And after the interview, the student may be asked to write an essay or other written work.
Rounds in the enrollment system
The process of filing documents and their consideration takes place in one of three rounds: autumn, spring and summer. Each round lasts several months. In principle, it does not matter which of the rounds to start the procedure for entering a business school, but still, there are some recommendations, especially useful for international students.
It is clear that the third round is the last one before the beginning of the training. Therefore, the preparation of documents and their submission to the university is better to deal with during the first two. Then the student will have more time to prepare for studies and moving. For example, to pass the preparatory courses, apply for a visa, to find housing and so on. Moreover, for an MBA training you can get a scholarship or a grant, but for this, you need to be accepted into an educational institution. Applicants for the third round will not have time to apply for a scholarship.
It should be noted that the rounds of admission of students do not exist in all US business schools.
Perhaps, the most urgent issue in training, in particular, for MBA – its cost and financial support. Of course, the passage of the MBA program in American universities is worth a lot of money and, often, much more than training in MS (Master of Science) in the magistracy. Nevertheless, there is an opportunity to reduce costs or finance studies.
- Assistance in teaching. MBA students are available for positions of assistant teachers of MBA-related disciplines. And, consequently, all the benefits and bonuses that the assistant worker receives. The assistant is available for full-time students.
- In-state tuition. In the United States, there are two types of training: in-state and out-of-state tuition. This means approximately the following: training for the resident of the state and the non-resident of the state. Here we are talking only about the state universities of a particular state. If a student was born and/or lived in that state for a certain number of years, he is eligible for in-state training at a state university, which is significantly cheaper than out-of-state training in the same institution for visitors from other parts of the country. As for international students, it is only out-of-state for them to study in a bachelor’s or master’s degree. But for an MBA, you can qualify for in-state training under certain circumstances. For example, if a student was educated at an American university, then lived and worked for several years in the same state, paid taxes to the state treasury and so on.