Masters of Business Administration (MBA) graduates first stepped out of the American universities in the year 1900. It was 40 years later that the other European nations realised the contribution these graduates can make to the business and economy as a whole. Subsequently, business schools were started all over Europe in the 1960s.
Career Prospects of MBA Graduates
Right from the day of its inception, this course was very popular; for, an MBA degree helps graduates get a better job, better pay, and speedier promotions. Students from the best university of the UK (LBS) were able to increase their salary figures by 136% in the first five years of their employment after graduation.
These intelligent graduates proved repeatedly that they would benefit any organisation they work for. They have dispelled the commonly held belief that MBA graduates work well only in business establishments.
Who do MBA Graduates Work For?
Every organisation, right from governmental departments to non-profit organisations, requires the expert services of an MBA graduate. Governmental agencies work with enormous amounts of public funds to give shape to huge promised projects. Only the MBA graduates can effectively handle jobs of such magnitude. Even non-profit organisations need the expert administration of business graduates to qualitatively improve upon the social work they do.
But it is the business establishments that profit the most under the professional management of MBA graduates. Their modern approach, innovative ideas and sound marketing principles lead to rapid development and growth of business.
MBA graduates are much-sought-after professionals. But, everything comes with a price and so is an MBA degree.
How Expensive are these Courses?
There are academic professionals who believe that the costlier the course fee, the better is the teaching and training imparted. However, students do not just spend on the tuition fee. They have to calculate the fee along with their living expenditure.
In the UK, some MBA courses are quite expensive. These Universities charge the students around £12,000 to £18,000 as college fees. Living expenditures amount up to £6,000 a year. A student has to pay £24,000 each year to get an MBA degree from a good university.
Probably, the highest fee is charged by the London Business School. This institution charges £36,000 a year as its fee. Students qualifying from this university can be expected to spend £80,000 for an MBA course lasting for two years.
All universities are not so costly. Middle level universities charge around £9,000 to £12,000. Combining course fee with living expenditure raises the total expenditure to £18,000.
Some universities are very cheap. They just charge a course fee of £5,000. Students can turn business management professionals for as little as £10,000 a year.
Traditionally, students are trained for two years for an MBA degree course. Prohibitive costs forced authorities to seek out alternate means for cost reduction. Many universities now offer a year of intensive training. Some employed students are also given the option of studying part time for a longer duration.
Every year around 11,000 MBA students prepare themselves in any of the 250 different courses on offer. The UK has 118 universities and business schools. Of these universities, the Cambridge, Cranfield, Edinburgh, Henley, Imperial, Manchester, Oxford and Warwick are the most reputed. The Oxford University had started MBA courses, just a few years back. But in such a short while, it has earned the reputation of being the Second Best University for MBA courses in the UK.
The business school that ranks number 1 among all these institutions is the London Business School. No other school in the UK can compete with this institution. It is the best in the whole of the UK, Europe and ranks third among the top ten international business schools.
Students interested in pursuing a business management course should study form the best universities in the UK. The high costs should not be a deterring factor, for MBA graduates from good universities have brighter career graphs. However, neither the job nor the salary should motivate students towards an MBA degree; it is the love for the subject that should prove inspirational.
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Career Prospects of MBA Graduates
Right from the day of its inception, this course was very popular; for, an MBA degree helps graduates get a better job, better pay, and speedier promotions. Students from the best university of the UK (LBS) were able to increase their salary figures by 136% in the first five years of their employment after graduation.
These intelligent graduates proved repeatedly that they would benefit any organisation they work for. They have dispelled the commonly held belief that MBA graduates work well only in business establishments.
Who do MBA Graduates Work For?
Every organisation, right from governmental departments to non-profit organisations, requires the expert services of an MBA graduate. Governmental agencies work with enormous amounts of public funds to give shape to huge promised projects. Only the MBA graduates can effectively handle jobs of such magnitude. Even non-profit organisations need the expert administration of business graduates to qualitatively improve upon the social work they do.
But it is the business establishments that profit the most under the professional management of MBA graduates. Their modern approach, innovative ideas and sound marketing principles lead to rapid development and growth of business.
MBA graduates are much-sought-after professionals. But, everything comes with a price and so is an MBA degree.
How Expensive are these Courses?
There are academic professionals who believe that the costlier the course fee, the better is the teaching and training imparted. However, students do not just spend on the tuition fee. They have to calculate the fee along with their living expenditure.
In the UK, some MBA courses are quite expensive. These Universities charge the students around £12,000 to £18,000 as college fees. Living expenditures amount up to £6,000 a year. A student has to pay £24,000 each year to get an MBA degree from a good university.
Probably, the highest fee is charged by the London Business School. This institution charges £36,000 a year as its fee. Students qualifying from this university can be expected to spend £80,000 for an MBA course lasting for two years.
All universities are not so costly. Middle level universities charge around £9,000 to £12,000. Combining course fee with living expenditure raises the total expenditure to £18,000.
Some universities are very cheap. They just charge a course fee of £5,000. Students can turn business management professionals for as little as £10,000 a year.
Traditionally, students are trained for two years for an MBA degree course. Prohibitive costs forced authorities to seek out alternate means for cost reduction. Many universities now offer a year of intensive training. Some employed students are also given the option of studying part time for a longer duration.
Every year around 11,000 MBA students prepare themselves in any of the 250 different courses on offer. The UK has 118 universities and business schools. Of these universities, the Cambridge, Cranfield, Edinburgh, Henley, Imperial, Manchester, Oxford and Warwick are the most reputed. The Oxford University had started MBA courses, just a few years back. But in such a short while, it has earned the reputation of being the Second Best University for MBA courses in the UK.
The business school that ranks number 1 among all these institutions is the London Business School. No other school in the UK can compete with this institution. It is the best in the whole of the UK, Europe and ranks third among the top ten international business schools.
Students interested in pursuing a business management course should study form the best universities in the UK. The high costs should not be a deterring factor, for MBA graduates from good universities have brighter career graphs. However, neither the job nor the salary should motivate students towards an MBA degree; it is the love for the subject that should prove inspirational.
Discuss
Add this link to...
Tell a friend
Bury
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A - Attitude
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Negative thinking has a bigger impact than just unhappiness....It is true that for some people shyness can be like a debilitating...This is meant to stir up debate on greed and get the true meaning to come ...
B - Bravery
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