[photopress:ChinaMBAstudents_1.jpg,full,alignright]There is great value in an MBA from a good school — this is an area where much research needs to be done to make sure it IS a good school — thta it has become almost an essential for an executive wanting to move ahead.
Some advice from Matt Symonds, an expert on MBA admissions.
He said, ‘In November 2005 the McKinsey Global Institute identified what it calls China’s “looming talent shortage”. We might expect to see demand for business schools rise both for international graduates from Chinese MBA programs and for Chinese graduates from international programs. The report estimates that over the next 10 years the country will need 75,000 leaders who can work effectively in global environments, to match the global aspirations of many Chinese companies.’
And for those wanting to get in to a good MBA program he had some advice: ‘Successful MBA applicants, whether applying to schools locally, or in Europe and North America, need to demonstrate a level of familiarity not only with the MBA qualification — how it can help them to build on existing skills and experience, and the direction of their post-MBA career — but also with the personality and strengths of the school.
What sets Chicago apart from Wharton? How does IMD differ from INSEAD? Some of these schools might look similar on paper, but they each have their own identity and approach to management development. Research is key.’
How should a prospective student use various business school rankings to select schools to apply to?
He said, ‘With caution. For the last decade, the management education sector has been obsessed with the ranking of business schools. There is a growing controversy about whether these rankings provide useful information for MBA applicants, or are misleading.’ Again, research is the key.