As we mentioned last week, the Bay Area’s Contra Costa Times turned to Veritas Prep for insights on what the value of an MBA is in the current economic climate. In the article, we provided some advice for applicants as they choose which business schools they want to attend. As we always do, we stressed that an applicant must look at so many things beyond just rankings when choosing an MBA program.
Adapted from that Contra Costa Times article, here are five questions you should ask when evaluating how well a certain business school meets your needs:
- What employers recruit from the school? If you want to switch careers and get a job in banking, but no investment firms recruit at the school, then don’t expect your post-MBA job search to be easy.
- How far do the school’s reputation and alumni network reach? Many schools provide an excellent education, but only have a regionally strong brand. If you want to get a new job in another part of the world after school, this may make it harder to do.
- What type of programs does it offer? Most business schools offer a full-time, two-year program. If this may not fit your schedule or you don’t want to quit your job, see if they offer part-time programs that allow you to work and study at the same time.
- What are its academic specialties? Is the school strongest in one specialty, such as finance or marketing? Or is it a more general management-oriented program? Make sure this strength matches what you want to focus on in school.
- How much will the school cost you? Obviously, half of the return on investment equation is the size of investment itself. If a school offers you a significant grant or your employer will cover the cost of the program, that may tip the scales in that school’s favor.
This list only begins to scratch the surface, but these are all important questions you need to be able to answer for every school to which you plan to apply.
For more advice on choosing a business school, talk to our MBA admissions experts, and follow us on Twitter!