Does a Global MBA Really Give You an Edge?

  

Business schools around the world are increasingly focusing on globalizing their programs.  Schools are offering student and faculty exchanges, programs abroad, and required study trips abroad, as well as opening campuses in foreign countries. 

Yet, an article in the Wall Street Journal questions whether or not this trend is built on realistic expectations.  Of course, the schools want to enhance their international reputation and “prepare their students for work overseas,” but are these endeavors really beneficial for the students?

Warren Bennis, professor at the University of Southern California’s Marshall School of Business believes, “To become sophisticated enough to work and live in another country, you have to be there for at least six months to a year.”  

Moreover, according to the WSJ article, recruiters responsible for hiring MBAs for global positions say that “a school’s efforts alone often aren’t enough to nab an international job.” Diverse classrooms and working on case studies about international companies is just not going to cut it.

Bottom line: “There may be a disconnect between schools’ globalization efforts, and specific skills employers want in job candidates.”  For example, global consulting firms are looking for applicants who are proficient in other languages and have experience working with international companies.  As a result, although some schools are coming up with creative and innovative ways to “go global,” their efforts will not always give their students a leg up.

On the bright side, David Smith, managing director at Accenture, feels, “a broad global outlook, including understanding nuances in other cultures and a willingness to relocate, is key for landing top positions. Two otherwise identical applicants would have to prove they know how international markets differ from domestics ones, and show that they know how to manage expectations to team members in other countries.”

In the end, the question remains whether treks to emerging markets and courses on international business are enough to create a truly “Global MBA.”

International MBA

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International MBA Programs: Are Global B-Schools Right for You?

Thinking about applying to an international MBA program? Like the idea of having international experience on your resume, but don’t know much about your global options? Not sure if you should attend an internationally-run program or an American-based program transplanted to foreign soil? 

Internationalizing the MBA, a special report written by Accepted editor and international b-school expert, Tanis Kmetyk, will explore the pros and cons of joining the overseas MBA scene, helping you make your big decision—should you study for your MBA on home soil, or take the leap and head abroad to an international or American b-school in a foreign country?

Learn whether an international MBA is right for you by understanding the strengths and weaknesses of these different programs.

Download  Internationalizing the MBA.

By Linda Abraham, President and Founder of Accepted.com.

Essays That Stick and AIGAC’s Graduate Admission Summit

I am a big fan of the book Made to Stick by the brothers Chip and Dan Heath. It has so much of value for anyone interested in communicating. I have decided to show you how to apply their six key principles to your application essays and personal statements in my webinar “Essays that Stick” which I am presenting on April 28 at 11:00 AM PT/2:00 PM ET/6:00 PM GMT as part of the Association of International Graduate Admissions Consultant’s (AIGAC) first annual Graduate Admissions Summit. Please join me at this free webinar.

After you register for “Essays that Stick,” explore AIGAC’s Summit. No mountains to climb. No fees to pay. No travel involved. Just lots of great information from the thought leaders in graduate admissions consulting available at your computer. There are sessions and articles on dual degrees, test taking, law school admissions, business school admissions, medical school admissions, the TOEFL, international admissions, and more. The day starts at 5:00 AM Pacific Time with a presentation on identifying personal goals and continues throughout the day with a only a one-hour break. Presenters, all AIGAC members, are located in the US, Israel, Germany, the UK, Russia, and Japan. Most of the presentations are in English, but one is in Spanish and one is in Russian. There are chats, webinars, and articles. And it’s all free to you, the applicant.

Sign up for any webinars that interest you at the AIGAC Summit. Mark your calendar for chat sessions and new articles that will be posted on April 28.

By Linda Abraham, President and Founder of Accepted.com.

Take the MBA Search Survey!

Applicants turn to Accepted.com as a source of reliable information and valuable advice on the MBA admissions process.  As a member of the Association of International Graduate Admissions Consultants, we are conducting a survey to help us better understand our readers’ goals and needs.  We’d like to invite all of our readers to share their school selection priorities and views on the MBA application process.

This online survey should take just 10 minutes to complete.  We would love to receive as many responses as possible before the closing date of Friday, April 9th – and will be giving away an iPod Touch and two iPod Shuffles as a token of our gratitude!  We’ll also be sharing the results of the survey this spring to help candidates better understand the nature of today’s applicant pool.

Thanks in advance for your participation!

Simply click here to begin. http://surveys.marketpointsinc.com/mba10a.asp?

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FT Global Rankings: Expansionist Dreamers

B-schools are no longer content staying on home soil, reports the Financial Times in a supplementary article to their recent Global MBA Rankings.

The latest expansionist trend is to extend the traditional four-walled classroom overseas. Harvard Business School used to pride itself on its steadfast commitment to bring students to the school and NOT to bring the school to the students; even Harvard has succumbed in a limited way.

The mighty help support others to become mighty as well. In the 1950s Harvard helped the burgeoning IESE and INSEAD programs in Europe get started and succeed. Now top European b-schools are expanding off shore (like IESE to New York City) and helping new MBA programs grow in Asia and the Middle East. Even India (a country that generally beats its own drum in management education) has “signaled a green light to international business schools to enter the market.”

Ajit Rangnekar, Indian School of Business Dean predicts the future of educational expansionism and the effects it may have on management education:

Global institutions from emerging markets, with an inherent cost advantage, will become more attractive destinations for management education, as well as a resource pool for management talent. There will also be a growth in demand for research on emerging markets, accompanied by a spurt in collaborations/partnerships among business schools globally.

The first part of Dean Rangnekar’s prediction has already come true, as is evidenced by the boom in foreign student enrollment in China. The number of non-Chinese students at CEIBS in Shanghai, for example, has doubled in five years.

Even U.S. students are experiencing this blossoming “wanderlust” as they begin to look “beyond their home market to study for an MBA.”

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