Choosing an MBA Program | DON'T use rankings, use THIS instead!
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- Опубликовано: 27 ноя 2020
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For many people exploring MBA programs, there are many options and many ways to compare them all. While formal MBA rankings are important, there are many other factors that one should consider when deciding on an MBA program.
Not only that, everyone has different career goals, financial obligations, and time commitments to work around! So there's no "one size fits all program", and you have to find a program that works best for what you prioritize.
In this video, I walk you through a points based framework I used to help decide my MBA program that will give you a more objective and practical way to compare MBA programs based on your personal preferences.
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![Applying to an Online MBA Program - Who is the Ideal Candidate? | My Online MBA Experience [Part #2]](http://i.ytimg.com/vi/OavHr9jWGz8/mqdefault.jpg)
🙌🙌🙌QUESTION: How do you compare MBA programs? What factors do you consider to be most important? Leave a comment down below! 👇👇👇
Hey enjoy your content, but I want to say this, nepotism is strong and it can not be understated. Most MBAs internships don't expect you know ANYTHING to get the internship as long you are from the right school. Microsoft, Dell, Facebook, they will get interns with no experience in the industry verse individuals in lesser MBAs with experience in the industry. I learned this after getting my MBA.
With saying this, if an individual wishes to move up and get an MBA as a check ✔ box, (like me) your MBA ranking, school, etc is irrelevant. However it has to be noted if this is not a check and you wish to have internships, a lesser school will not get the same internship opportunities ie jobs. I do not think it's fair and nepotism is dumb but that's the world of US education. Fyi, my MBA was 25k, did it part time, and became a manager within my first year in graduate school and made 110k in Texas. So yes this is important but industry matters. Like banking is full of douch bags who brag about what school they came from. In my industry pharmaceuticals, people could care less
Thanks for the comment, Shannon! All great points and mostly agree. School can matter ALOT depending on your goals and some companies recruit heavily at the top schools with less importance on relevant work experience (although they don't discount that entirely of course...if someone has a top ranked MBA AND relevant work experience, then that's the ticket).
And good on you for not going into crazy debt for the MBA and still coming out of it with a good outcome!
Just have to say how thankful I am for your videos! A lot of noise out there with online MBA’s and you help cut through all of it.
Great video, thanks for the helpful information!
I dont know why these channels and this content remains underrated. Keep it up buddy!!❤👍🏾
Thanks Dhairya - totally agree. Should have at least a few billion subscribers by now! 😄
Probably because there is nothing new here. You can find countless numbers of videos that have the same message.
Thank you for this great content
Sure thing, Mace. Thanks for the comment!
Any knowledge of Ohio Universities online MBA? I’m torn between that one, and Wright State University (Ohio) online MBA. I already have a full-time career with the State of Ohio, hoping to use the MBA to advance to upper level management and administration.
Hey Richard, any thought on Boston University's online MBA? Seems super similar to UIUC's iMBA
Hi Gerald - I've got another video on top 5 online MBA programs, with Boston University as #2, iMBA #1. Boston is a great choice as well, just didn't seem to have any selection of specializations.
Do you have any opinions on University of North Alabama ? I was thinking of going to there because they seem flexible and have many specializations. It is either that or a Cal State online program, but the ones I saw don't have the specialization and are twice as much $$$$
Hi - no strong opinions, but the program looks fine to me. Accredited, good price point, etc. If it's of a similar ranking, less expensive than another program, and seems to fit with your career goals, then UNA is worth considering.
Great tiered system to vet one's need across the spectrum of obtaining and MBA. Thing is these days is, are things based on the purity of the higher education or the network for validity on a specific school a person chooses? On one hand a person can be an ideal candidate but if their school ranking is an issue that can make them neglected on an unbiased hiring pool.
Hi Dre - thanks for the comment! One of the more important elements is the network of peers and alumni in the school. So an established university that has a good reputation (doesn't need to be a top 10 business school) that has been around for awhile, will be a good option as there should be a good number of students with whom to connect. But if you're applying to a company where you don't have a connection, that will be quite a bit more difficult, unless you have a degree from a top school. Even then, it'd be difficult.
Sounds like a “Management Consulting” approach to evaluating MBAs, great job!
I’d be curious to hear your thoughts about Warwick Business School Online MBA, which is ranked #1 from FT among the online MBAs, has a reasonable tuition (still higher than the iMBA at the Gies College of Business), and provides two compulsory weeks in presence either in Warwick or in London (there are a few elective courses you can take in presence as well). All from a top 30 Business School worldwide. Not sure about your take on it but it sounds like a great mix of flexibility, physical presence and value for brand.
Thanks Andrea! Warwick has actually popped up on my list of strong international MBA programs. Very good option! Although only drawback is that there's not any "clear" specialization track, just some electives. Not a deal breaker, but always nicer when you can supplement an MBA with specializations to differentiate from all the other MBA degree holders out there.
@@RichardWalls I didn’t think about that, thanks for sharing your perspective! For me the decision is going to be between Warwick Online MBA and Imperial College Online MBA, even if the latter starts to get quite expensive.
I’ve subscribed in case you make some video on those schools 😉
@@andreatel90 I am looking at Warwick and Imperial online MBAs too. Did you end up taking one of them?
What are your thoughts on Quinnipiac's MBA 3+1 program? @RichardWalls
love you !!! thanks
No problem!
Nice, I did 1 one of these myself prior to the video releasing, and the factor I assigned the most value to was the average salary after completing the program. I was able to find these for many schools looking for "MBA outcomes", whether the outcomes posted by the university are 100% true is debatable. But still it gave me a fairly good idea
Nice! I'd say whatever the school reports is accurate, but doesn't tell the full story. I think we often hear about the success stories (the most successful ones in particular), but not about the students that didn't land the opportunities they expected.
That said, there are alot of variables at play. Where did you end up going, if I may ask?
Which program did you select?
@@SeaFlower38 I went for the iMBA from University of Illinois at Urbana-Champaign
question: How do you value Louisiana Tech University for Online MBA?
Hey Richard, do you think Northern Arizona Univ, MBA in Healthcare is a good option if I want to stay in healthcare?
Hi - yes, its a good option. There aren't many MBA programs with a healthcare concentration, but this is one of the few.
Hi, I got an offer for MBA at sunderland university in UK which I really like, but I'm a bit bothered about the long-term prospects of this.
Hi Omoyajowo - taking a look and not seeing anything about accreditations, which is a little odd. Not knowing much else about this university, I'd advise exploring some other options. I've got a video on top affordable online MBAs in the UK you might want to check out.
Rich, can you do a detailed look into Carey School of Business. 🙌🏻🙌🏻
Hi Sohaib - sure, I can add to the list! Great school though, and cost for their online MBA in particular is among the more affordable of well ranked programs.
@@RichardWalls thank you sooooo much Rich 🙌🏻🙌🏻
Sank you Richard san for this video
You're welcome!
Hey Richard, that's one great way of evaluating MBA colleges, can you use the same ranking and do a video on top colleges based on your ranking system, with some ideal situations in mind, thanks in advance !
Hi Bharath - thank you for the comment! Ended up adjusting the methodology slightly, but I have two videos on my channel on top affordable MBAs where I reference some of the framework.
What about webster university's MBA?
I have question, how can I start my MBA program through could you please help me to find out the way ..
Hi Khalid - would recommend applying to programs that fit your career goals and budget and go from there!
Hi. Need some advice. I got accepted into ESSEC-Mannheim EMBA and The University of Manchester Global MBA. Which do you think is a better program?
Hi Kenny - congrats on getting accepted! Depends on your goals and where (region) you might want to work, but I'd opt for University of Manchester.
I am an entrepreneur and am looking to close my skill gaps in growing my business while also building a stronger network.
Why would UOM be your choice?
@@kennylim4764 Both schools are great - triple accredited, well ranked, etc. Both programs appear strong from a curriculum and experience (i.e. immersion component like international trips). I believe ESSEC-Mannheim gets the win on ranking, but I leaned Manchester as it is less expensive for what I'd consider to be a similarly valued brand.
As an entrepreneur, rankings are not quite as important as it would be for someone looking to land a corporate job where companies recruit from specific universities. Seeing as both universities can get you what you need, Manchester wins on price.
I disagree with the specialization portion of your MBA scorecard. People can specialize on their own through certifications, licenses, and work experience. The courses taken at school doesn't play much of a factor in the hiring once you're in middle to late career. Employers will look at relevant experiences and credentials. However, specialization are factor in when you are wanting to pivot to a different industry, but the chance increases with some experience (e.g. internships)
Are you familiar with the Accelerated MBA Program at Louisiana State University Shreveport? If so, is it a good school?
Hi Erin - I've seen this come up alot in my research. I think it's a great program for the money and has a really nice selection of specializations to choose from.
@@RichardWalls Thank you so much!
So so helpful thank you! I wanted to ask your opinion of Eastern University’s flat rate tuition of $9900 for their MBA-Organizational Mgt program. It’s self paced and 100% online. I already work for a Fortune 50 company and networking is not a priority for me per se.
Also what is your opinion on accreditations. AACSB vs ACBSP.
Does accreditation matters ? AACSB vs ACBSP?
Hi Sachin - if it has one or the other, it's fine.
A bit late to the game here, but any thoughts on Southwestern Okla state U or Southeastern okla state U online MBA programs?
Not looking for a career change, just more opportunities in my current company.
Hi Damon - if they're accredited universities, has coursework that you're interested in, and fits within your budget, then should be fine!
So where are the rankings wise guy
I chose the Chinese University of Hong Kong. Partly because I believe it does meet my career goals (I've spent my entire adult life in the Greater China region) but also because I was already living right next door. How many people have the opportunity to walk to class at their top 50 school?
Certainly is convenient to be that close! Especially if you plan to continue to work in the area, having a school that's recognized there is helpful.
Did you bypass the gmat?
Hi Christian - i did. GMAT wasnt required, and i had good work experience that helped.
Yo! I-L-L!!!!!
I-N-I !!
Damn…
Yea, I know, right? 😄
@@RichardWalls 😂😂😂😂👊