If you have had the opportunity to deepen your post-graduate training opportunities, it is very likely that you came across the MBA, or Master in Business Administration. But what exactly is it? What are the characteristics of this advanced training path? Is it really necessary to achieve added value in terms of knowledge, skills and professional career?
What is an MBA?
As we just mentioned, the MBA is a Master in Business Administration. Before understanding what it is, it is not wrong to define the MBA as one of the most prestigious certifications, able to attest to the successful achievement of a post-graduate managerial specialization, very complete and very coveted.
In the light of this, through an MBA you have access to a professionalizing learning on business management, obtaining skills that are often decisive to make a significant leap up in terms of positioning in the labour market.
It is precisely for this reason that the Master in Business Administration is now required and attended not only by students who have just obtained a Master’s degree, but also by managers and entrepreneurs already entered in the world of work – and also with positions of a certain level – who want to get something more from their career or change sector and job position.
What good is an MBA?
Having clarified what an MBA is, you can take a step forward to try to understand what knowledge is shared within this path.
Indeed, obtaining a Master of this type is tantamount to obtaining important skills in the management of the company, in the organization of an enterprise and, more generally, in the economic field. Therefore, whatever the division and the field in which you operate, it is certain that a Master like this can provide a high level of learning that can then be more easily declined within your professional career, to be undertaken or already started.
It is also for this reason that the duration of the Master is quite extended, usually one or two years. MBA lasting two years provide a working experience of several months. Attending such MBA is therefore an opportunity to enter into the selective processes of the most prestigious companies. In addition, you can meet and attend presentations of entrepreneurs and top managers.
Is it useful to attend an MBA?
At this point you may be wondering if achieving an MBA can be useful for your career. That is, if it is appropriate to attend a course of this type rather than other training courses.
Well, the answer is positive, although with some discussion.
The MBA is a prestigious title, which can make a difference in a resume and give a good boost to your career, both from the qualitative and economic point of view.
Of course, in achieving an MBA, you should also take into consideration your job role and which are your aspirations in order to understand whether an MBA actually is the right path for you. For example, if you intend to pursue a career in the world of finance or strategic consulting, a Master of this type will certainly give important benefits.
Moreover, although there are no strict rules in this regard, often the most benefiting from the Master in Business Administration are those who are halfway between a low and a high-level position: in other words, an MBA could in this case serve as a springboard to the high steps of the hierarchical pyramid.
Finally, it must also be taken into account fact that an MBA often has not negligible costs that can exceed 100,000 euros in the case of American MBA schools.
The best MBA schools in the world
But what are the best MBA schools in the world? There are numerous “rankings” that lead to even divergent indications deriving from different criteria and evaluation weights used.
The MBA school was born in the United States and traditionally the best ones are Americans, like the Kellogg Graduate School of Management led by the Italian Francesca Cornelli, who arrived in the USA after a path developed from the Bocconi University of Milan and Harvard. Who gets an MBA in Kellogg manages to achieve an average salary of about 191 thousand dollars, with a salary increase of 102%. Other prestigious US institutions are Stanford, Harvard, Wharton, etc.
In Europe, the Financial Times cites the London Business School for UK, the HEC Paris and the Insead for France, and the Iese Business School for Spain. From China, the name of Ceibs stands out.