How to Choose the Right MBA Program for You
Updated By Shelby on March 30, 2020
There are many options when it comes to choosing an MBA program. From finance to entrepreneurship, there is something for everyone. If you are going back to school later in life to continue your education, you have the upper hand when it comes to selecting the right program. You have more wisdom and life experience than others, making it even easier for you to pick the right MBA program for you! There is a lot that goes into choosing between different MBA programs. With so many things to consider and such a big decision to make, it can be an overwhelming process. But don’t get discouraged because this list will help you break that decision down step-by-step and make sure you find the right fit for you!
What are you interested in? What skills do you have? What are your goals and dreams? The first step in picking the right MBA specialty for you starts with what you want. Going back to school when you have a family to raise or a job that needs to be done is a big commitment and you wouldn’t do it if it didn’t mean something to you. Consider why you want to further your education and what you hope to accomplish and start your decision-making there. This is especially true if your future plans involve starting your own business, in which case a specialization in entrepreneurship would be a good fit. Think about which schools offer what you are looking for and can get you where you want to be.
Location (or Online)
Location may not play into this decision if you are 21 and have nothing tying you to a certain place. But for the working parent with a job and family to think about, location is a huge factor. Are you willing to move your family or quit your job to get an MBA? What types of MBA programs are available nearby? What about online MBA programs? Location is important to think about for the non-traditional student who wants to return to school and earn an MBA when they have a lot more than school going on in life.
Finding the right fit for you depends largely on what resources the school offers. Many schools have good financial aid support. Some schools have textbooks and even a laptop included with your tuition. Research what the schools are offering students and which ones are best for your situation.
Are you able to go to school full-time or can you only manage part-time right now? Both options will accomplish your goal of earning an MBA and advancing your career, but which is the best for your situation? A full-time MBA can throw you in the deep end and immerse you in a fulfilling educational experience. You will also get your degree sooner, especially if you choose a program designed to take less time than the traditional two years. A part-time MBA will allow you more time to focus on your family and career while simultaneously achieving an important educational milestone.
Increase your odds
Don’t put all your eggs in one basket. If you only apply to one school, you are putting everything you have into that one school and that is a lot of pressure on you! If you don’t get into that program, then is your educational journey over? Apply to as many schools as you can and give yourself as many options as you can. Increase your odds of earning an MBA in the best place for you. You might think you want one thing, but plans change and who knows where you might end up earning an MBA. There is a lot to consider when choosing the right MBA program for you. Earning an MBA could advance your career and enhance your life if you pick the right program for you. Do your research, make your list of possible programs, and compare those options to choose the best MBA program for you! To learn more about the online degree programs offered by Independence University, including our online Master of Business Administration, request more info today.