How to Choose a Business School?
A degree in Business Administration is an investment and a big step towards completing your project or moving up the career ladder. But in order to achieve the goal, you need to make the right investment, namely, choose the right school and invest in learning.Below you will find some tips to help you quickly determine where to study.
Set goals
When applying, you need to clearly understand the goals for the future. At a minimum, they will be asked about in an interview and asked to indicate in a motivation letter.But the main reason you should know your future plans is the difference in business schools.
What to think about when setting a goal? Answer a couple of questions:
What business environment, company do you want to find yourself in? Depending on this, analyze what kind of education people from this environment received.If a particular business school prevails, it is best to take a closer look at it.
What field do you want to work in? This can be investment, consulting, and so on. Find out how the school will help you get things done. See where the graduates work, with what experience and education they came to study. Be sure to pay attention to the teachers and their work experience: what valuable knowledge can you gain in the desired area?
Learn about accreditation
We have identified several organizations that are involved in school accreditation: assess the quality of education according to independently established criteria...Prestigious Western accreditations include:
Association of MBAs (AMBA). Please refer to for an alphabetical list of accredited schools in different countries.
Association to Advance Collegiate Schools of Business (AACSB) .The organization has a useful blog Best Business School, where they publish articles for students about business education.
Please note that membership and accreditation are different metrics. Look first of all at accreditation, because it speaks of compliance with high quality standards.
If the school has a different accreditation, before making a choice, find out about it, take a look at the standards, the accreditation process and the list of schools that already have it.
Look at the ratings, but don't make decisions based on them
Ratings shouldn't be a deciding factor when choosing a school! They help to learn more about the educational institution, but it is difficult to draw objective conclusions on them due to problems in the methodology and the choice of assessment criteria: they differ and not every criterion can really tell about the effectiveness of education.Keep this in mind when reviewing the rankings.
Where can I see the ranking of schools? In addition to ratings from accreditation organizations, which not everyone has, you can take a look at:
Best Business Schools 2018 Global Rankings from Bloomberg;
Best Business Schools 2017 from Forbes. There is also a rating of programs MBA Executive, which are designed for people with work experience;
Global MBA Ranking 2018 from Financial Times;
Global MBA Rankings 2018 from QS Top Universities.
Decide on the geography
Admittedly, the best business schools are located in certain regions. The question arises: what if you want to study in Portugal, and a school that meets all the criteria is located in the United States? In that case, think if you are sure that after a few years of living and studying in Portugal, you will want to stay there? With the formation of a top school, it is much easier to relocate to another country than from a school that is lower in level.
Analyze Your Opportunities
In addition to being promising, business education abroad is expensive. Once you have selected your options for suitable schools, see how likely you are to receive a scholarship. You may be able to go to a good business school without a scholarship, but you can still get funding from a less prestigious school abroad.In this case, set your priorities and look at financial opportunities.
But regardless of whether you plan to study with or without a scholarship, remember that business education must meet your goals, then the costs are reasonable.
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