Of American origin, the Master of Business Administration, also known as “MBA” is an international graduate degree in management and business administration. A prestigious and high-quality training program, it is recognized as a real springboard for the professional career of executives.
Who is the MBA for?
The MBA degree is mainly intended for students or executives wishing to take on high responsibilities. The profiles are diverse and varied, coming from all backgrounds. It is a unique cross-disciplinary training programme that welcomes candidates of all nationalities and from all types of sectors. This is the case, for example, of engineers, lawyers and doctors. Accessible after a Bac+4/+5, young students can also apply, but under certain conditions. A large number of international students go on to do MBAs. Most of the time, those who integrate these programs wish to develop their leadership and entrepreneurship.
Why do an MBA?
The Master of Business Administration is a unique program. It allows you to boost your professional career. Here are some good reasons to take the step:
- Acquire a solid managerial function
- Improve your salary.
- Enriching your curriculum vitae.
- Expand its network of contacts.
- Developing its field of expertise
- Going international
- Train you for operational management positions
- Become an executive of your company
- Broaden your global vision of the business world
- Carry out a highly recognised diploma course
The different types of MBAs.
There are 4 types of MBAs:
- The full-time MBA. A duration of 24 months with an internship, in partner companies for example. The training is demanding and fast-paced. It is done over 2 years. It is aimed at young executives with 3 or 5 years of experience who want to take a break in their career.
- Part-time MBA: From 18 months to 2 years. Only large groups can afford such training. The only difference is the financial support via the CIF or Individual Training Leave. This is a continuous training scheme that allows you to envisage a change or retraining.
- The Executive MBA: The courses, given by the teaching staff, take place at the end of the week. The courses are in English and the average age is 38 to 40. The training is aimed at so-called “high potential” executives. It is necessary to already have a significant professional experience of 5 to 10 years.
- Doing an MBA at a distance is possible!
Faced with the various difficulties faced by those in charge of MBA programs (coordination of student agendas, travel of speakers from all over the world), the “Online MBA” tool is a major asset. Grenoble Graduate School of Business, a business and management school, found this alternative.
Courses are organized with e-learning (audio modules, texts, video) and 5 weeks of classical courses.
- The keys to apply and integrate this training course
The competition for a Master of Business Administration is tough: it is a course where there are many conscripts, and often few elected officials. Here are a few conditions and some advice to get the best chances.
The MBA is accessible after a bac+4 or bac+5 of various origins depending on the MBA you wish to enter (literary, scientific, economists, engineers, etc.). However, holders of a bac+2/+3 who have a good professional experience can apply. This is the case, for example, of someone with a BTS, but who has held numerous supervised positions.
In addition, the training is accessible to candidates who have previous professional experience, in particular through the Validation of Acquired Experience (VAE).
In order to properly prepare for your MBA, you should make sure that you :
- Clearly define your program
- Have a solid professional project
- Have a good level in English
- Exchange with professionals in the field
With an international focus, the training includes numerous trips abroad, particularly for seminars. It is possible, for example, to apply for an MBA in Toronto, Dakar or New York. So, how do you apply?
- Have obtained the required results on the various key tests: GMAT and TOEFL for English
- The degree of selection depends on the reputation of the university (such as Harvard, Stanford, Columbia and Wharton).
Which MBAs are accredited?
There are many MBAs in France and abroad. How to compare them? How can I find out which MBAs have obtained AMBA or AACSB accreditation? You can find the list of all accredited MBAs directly on the websites of the associations concerned. You can also check that the MBAs offered by the schools are certified by the State and registered in the RNCP (National Directory of Professional Certifications).
The MBA represents a real investment in financial terms, as tuition fees are always high.
Indeed, the degree is a career accelerator, but it is very expensive. For example, it costs 55,000 euros a year to do an MBA at HEC. However, many business and management schools offer the possibility of doing a work-study program with a professionalization contract so that the company covers all of the student’s tuition fees.
What are the professional opportunities of an MBA?
The Master of Business Administration provides students with a high level of study, which is the culmination of the entire course and generally makes it possible to achieve the professional objectives set. Generally, students go directly into the job market and do not continue their studies, except in another MBA. In terms of professional opportunities, the MBA degree is internationally recognized and allows holders to integrate high management positions in sectors with high employability in particular, or to embark on an entrepreneurial adventure. With this diploma, they have been able to develop a double skill set, allowing them to integrate successfully into the job market.