From now through October 31, GMAC will accept applications for two scholarships, valued at $ 1,000 and $ 2,500. Scholarships will be awarded to current third and fourth year students enrolled in a US institution. UU And that they are planning to obtain a graduate degree in business. These scholarships are for expenses related to the tuition of the graduate business school, lodging and food, or books and supplies.
To apply, students must submit their curriculum vitae and an original 500-word essay to answer the question: How can the graduate business school transform and improve the world around it? We encourage students to take advantage of their own academic, professional and / or volunteer backgrounds and share how that relates to their choices to obtain a graduate business degree. To be considered for the $ 2500 scholarship, students must also provide a GMAT score from no earlier than June 3, 2018. To register for the GMAT, visit gmat.com/getstarted and get $ 100 off.
To be eligible, students must:
Be a legal resident of the United States
Currently enrolled in a full-time or part-time accredited undergraduate institution located in the United States
Have an average of 3.0 or more
Be between 18 and 22 years old
MBA stands for Master of Business Administration, the postgraduate program with the highest recognition and international prestige. It is aimed at graduates and professionals who wish to develop their activity in the field of business management.
image What is an MBA?
Studying an MBA allows you to specialize in the management of businesses and companies. Those who study it learn the skills and abilities that any manager should have. It is usually taught by professionals of the sector, and also includes a period of practices so that students can demonstrate what they have learned in a real business environment.
From Mastermania we gather several keys that you should know about the MBA: what the acronyms mean, what contents are taught, what modalities exist, what are the rankings that classify the best MBA …
How was the Master of Business Administration created?
The MBA (Master of Business Administration) has its origin in the traditional postgraduate studies of American universities, and later came to Europe from the hand of the United Kingdom. Although they were born within the universities, MBAs are currently also taught at business schools promoted by private entities, regional institutions, business groups …
What content does an MBA have?
The MBA program is designed to equip the future manager with the skills and knowledge in the functional areas that any person needs when running a company: communication, financial management, strategic direction, marketing, human resources or operations, among others.
What types of MBA are there?
Currently there are four types of MBA: Executive, International, full-time or part-time:
· Executive MBA: is aimed at executives who wish to expand their business training while working. Students must have a university degree and a minimum experience of 2 to 5 years in management positions.
· Full Time / Part Time MBA: full-time or part-time MBAs are distinguished by how the workload is divided, either in one or two years. The Part Time mode allows combining studies with work, unlike Full Time, which requires full dedication.
· MBA International: the International MBA program is structured so that training and internships in companies are carried out in several countries. For this reason, the access criteria are more rigorous, since students must accredit an advanced level of languages because it is usually taught in English.
What is an MBA for?
With an MBA the student acquires the necessary skills and competences to know how to run a business. In addition, the MBA includes internships in companies that allow students to demonstrate their worth in a real environment and interact with professionals in the sector.
The teaching team is composed of active professionals of recognized prestige, with consolidated professional experience that allows them to transmit their know-how to their students and facilitates access to large companies.
For its part, the International MBA provides added value, such as learning and working in international environments. Students demonstrate their ability to adapt to change, their high performance in different cultures, and mastery of several languages, which makes them the perfect candidate for companies with presence in several countries.
How to choose an MBA?
There are some keys that can help you in your choice of the MBA that best suits your needs. Assessing aspects such as the teaching method (Learning by doing) or researching whether it can be customized according to student availability are some tips that will be useful. You should also assess if you want to study the MBA in Spain or abroad. In addition, you can check which are the best MBA in the world in the different rankings mentioned in the following section.
What is the best MBA?
Choosing a single MBA as the best in the world is practically impossible. Every year, several prestigious international publications elaborate rankings with the best MBAs in the world: Forbes, Financial Times or The Economist rankings are normally led by universities and business schools in the United States and the United Kingdom.
You can check in Mastermania the latest editions of the following rankings:
· The best Executive MBA of 2017, according to the Financial Times
· The best MBA in Finance of 2017
· The best online MBA of 2017
· The best Global MBA 2017 according to the Financial Times ranking
· Ranking of the best online MBA in Spanish
In Spain, the newspaper El Mundo publishes each year the Ranking of the 250 best masters in Spain and a complete MBA guide. You can check in Mastermania which are the best MBA in Spain according to this ranking