In all organizations, there are a large number of junior and entry-level employees. Usually, only a few employees are promoted to senior positions quickly, while others often find that their promotions are delayed. In addition to the skills, work ethic, and competence of the employee, one of the factors which are considered while choosing employees for promotions is their educational qualification. In a large number of companies, especially bigger companies, employees with a master’s in business administration (MBA) are given preferences. Since there are a large number of MBA courses available, ambitious professionals and students would like to find out the criteria used for comparing or evaluating the different courses.
One of the main considerations for choosing a MBA course is the rating of the course in Singapore and globally. Since there are a large number of MBA courses , many companies will only recognize courses from reputed universities in Singapore and elsewhere. One way to find the MBA rating, is to check the placement records of the college or university offering the course, especially campus placements. This information will be often provided on the MBA college website. Often the MBA course will be affiliated with a foreign university, many of the Singapore colleges are associated with universities in the United Kingdom (UK). This ensures that the MBA degree will be recognized worldwide.
For many MBA courses, the college will prefer to admit students with some work experience, so that they have a basic understanding of how a business will work. However, many working professionals do not want to leave their job to do the MBA, since they will lose their monthly salary, while paying the course fees and other expenses. Hence these professionals are interested in doing a part time MBA course which allows them to study while working. These professionals will spend a few hours daily studying for the course, after returning home from their job and on weekends. Since the student can spend less time studying, the course duration is longer, often 18 months. Others who want the MBA degree faster, can apply for the full time course, which is completed faster, usually in twelve months.
Another consideration while choosing an MBA course, are the fees for the MBA course. In some cases, the MBA fees will be the same for part-time and full-time courses, while in other cases, the full-time course fees may be higher. Often the course fees are $26000 or higher depending on the course selected. Usually, the student can apply for study loans and in some cases, pay the course fees in installments using their credit card. For each MBA course, the student also has to pay an application fee which is not refundable, so students should only apply for courses they are really interested in.
The MBA student should also consider the MBA course content while evaluating the different courses, especially if he wishes to specialize in a particular field. Ideally, the course content should include financial management, strategic management, leadership development, marketing, entrepreneurship, innovation, and technology transfer so that the student is well trained in all aspects of managing businesses.