MBA Information
Information Sources:
Business School Admissions Advisor by Shari Lewis and Alia Murphey, Simon
& Schuster.
Game Plan for Getting into Business School by Michele Kornegay, Peterson's.
Why Get An MBA?
Here are some common reasons:
1) for advancement in a career in business
2) career change from one business field to another or into management
or administrative position in another field (such as engineering, arts,
nursing)
3) obtain skills and credibility for starting own business
4) specific career goal that "requires" an MBA (such as investment banking
or management consulting)
5) specific management training
6) higher salary potential
How Long Does It Take?
Two full academic years, usually with an internship between the first and second years. Many schools have created more flexible and part-time options to accommodate the schedules of working students.
Curriculum
The traditional model consists of a first year of core general business classes and a second year of electives allowing specialization. Some schools offer a two-tier model, in which the core classes can be waived so that students can focus more on advanced classes. Some students with a business background can enter these programs in the second half. Also, there are both national and regional schools. National schools admit students from all over the U.S. They are more visible, offer more prestigious contacts, and are often more competitive. Regional schools recruit students from their geographic region and have strong ties with local employers. When researching programs, you may want to decide which is most important for you.
Factors to Consider When Researching Schools
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Do advanced study courses fit your academic/career goals?
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Can you take courses outside the business school?
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What kinds of special programs are available (internships, entrepreneurship, projects with local companies)
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What teaching method is used (lecture, case study, projects)?
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Does teaching philosophy lean more toward theory or application?
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Quality of faculty (research interests, areas of expertise)
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Class profile (age, diversity, etc.)
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Class size
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Career and job search services
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Location
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Relationship with real-world employers
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Cooperative vs. competitive environment
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Financial aid
Entrance Requirements
1) Academic Record
There is no particular undergraduate degree required. Only about half
of MBA students nationwide have a business or economics degree. At UT's
McComb's School of Business, 34%
of last year's entering class had business degrees, 24% had liberal arts
degree, and 42% had technical or science degrees. Many programs require
calculus or statistics as evidence of quantitative skills.
2) GMAT - Graduate Management Admission
Test
This exam includes verbal, qualitative, and analytical writing sections.
It is a timed test given on computer. The score is reported on a 200 to
800 scale with an average score on 500. For more information, see the GMAT website.
At UT, the average GMAT score for those who were accepted for 2006 was
673.
3) Work Experience
It is standard for many schools to require two years of work experience
prior to admission. More competitive schools may even require more years
of work. For example, last year's entering class at UT's McComb's School
of Business had an average of five years of experience.
Helpful Links
McCombs School of Business MBA Program
To Do MBA Directory (includes international listings)
Which MBA? (includes program rankings)
National Black MBA Association
MBA Central (includes international listings)