How do you measure the benefits of a global MBA

How Do You Measure The Benefits of A Global MBA

Every aspiring MBA graduate start his or her journey with at least one question in mind- “Is it worth pursuing MBA?” Don’t believe us, try exploring reddit with this question prompt and see for yourself. It is flooded with this question. In this article, we try cover some tips to help you in answering this question by measuring the benefits of a global MBA program.

Candidates pursue MBA to upskill themselves, either to transition from one domain to another and to climb up the corporate ladder. This is the baseline. Hence, it is very intuitive to gauge benefits on the lines of post MBA careers. To start with, you can explore website of the program you might be interested in. Some very important points to look for while surfing the site are career outcomes, including number of job offers received within first 3 months, on-campus placement benefits (like personalised career coaching, activities of career office), post-graduation placement or transition support, whether that school can help you with the career transition you are looking to make. Beyond the rankings, you can also research on the work done by alumni of various schools over the time to understand the overall impact and try to find out the whether it matches with one’s profile or if one would consider doing that job. Consider rankings for the power of alumni network (done by various ranking agencies) or how large the network is or what kind of activities generally happens in the network or how do the institute use their network. These are some must to look statistics to have a better understanding on what your future looks after you graduate.

Program’s value, design, pedagogy, are also some important aspects to be considered. Find out what kind of methodology programs of your interest uses, research about those methodology and understand your strengths and find out which program suits you well, whether the program structure fits your way of learning. You need to evaluate your goals and alignment of the program design with your goals. You can even gauge the values of the program by evaluating the application processes, for example- which aspects of personality is being evaluated by essays or interview process. This way you can have a rough estimate on the value system of your prospective batch. Another best way is to reach out to alumni of the school, say by LinkedIn, and get some behind the scene information about the programs.

Money matters! One should look for financial assistance available with programs, average student debt accrued (several ranking agencies track it), or check if one’s employer has tuition assistance programs, etc. It is better to understand the repayment structure as well as the percentage of salary generally gets devoted towards the loan repayment (various MBA observer agencies track this). This is important to understand if you have any prior financial commitments, personal circumstances.

While calculating, explicit costs like tuition fees, living cost, etc, are important but so are the implicit costs like opportunity cost, consider pre-MBA salary, costs for attending events etc. associated with it. Various rankings and calculator can help you to find your return on the investment.

Look for Visa requirements, given the international nature of MBA, policies around visa (post-study work), policies around working environment for immigrants should be thoroughly considered. One would not like to come back to their native especially when the currency gets devalued in domestic country (you might want to cater the debt faster which you acquired in the host country’s currency).

Given we have covered many aspects to consider while you calculate the benefit of the MBA program you are about to join, we suggest that you can make your own scoring matrix with different weights according to your personal priorities to make more objective decisions. Something like this,