The Full-Time MBA Program’s Advantage
Posted by Cap in Business Ramblings on September 21, 2005 |
Today’s Wall Street Journal contains a very interesting Journal Report on Business Schools. For those that don’t subscribe, the Journal Report from the WSJ are basically a series of articles focused on a particular topic.
One of the article that caught my attention is also available to read on WSJ.com’s free content section. Entitled: “The Full-Time Adavantage” with the description of “Students increasingly are purusing part-time, online, and executive MBAs. But recruiters have their doubts.”
It’s a good read, regardless if you agree with the recruiters view or not. So check it out before its gone! In the paper edition, they also provide lots of interesting data in pie-charts format. I’m going to see if I can get those pie-charts posted up. I duno why, but I love ‘em charts and diagrams. (Update: Got one set of the pie charts up).
Othe related articles can be found here.
I know a lot of us are pursuing alternative MBA programs. I hope it’s okay to mention names because I’m not trying to put anyone on stage here. But if I remember right, Jim from Blueprint for Financial Prosperity is pursuing a part-time MBA program, while Flexo at Consumerism Commentary is purusing an online MBA program.
If I can ever finish my bachelor degree, I may eventually join their rank and enroll myself in a MBA program too. Although at this point, I’m not sure if business school is the right choice for me. Mainly, I’m still unsure of my career path. How the heck do people choose what they want to do for a good part of their life!?
Anyhow, ranting aside.. I’ve replicated one set of the pie-chart from the article for you to look at. Online MBA program receive the most unfavorable view from recruiters. Remember though that these are the recruiter’s view on the programs, NOT of the students.
| How recruiters in the WSJ/Harris survey evaluated different types of M.B.A degrees when they were asked how effective they are in building students’ skill compared with full-time programs. |
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Want more statistics from the survey? Yeah I know you do. Here’s another:
| Recruiters in the Wall Street Journal/Harris Interactive survey rated each business school on these 20 student and school attributes. Here is the percentage of recruiters who ranked each attribute “very important.” |
| 88% - Communication and interpersonal skills |
| 87% - Ability to work well within a team |
| 85% - Personal ethics and integrity |
| 83% - Analytical and problem-solving skills |
| 74% - Success with past hires |
| 73% - Fit with the corporate culture |
| 72% - Leadership potential |
| 67% - Strategic thinking |
| 63% - Likelihood of recruiting stars |
| 54% - Well-rounded |
| 52% - Willingness of the school’s students to relocate to the job location |
| 46% - Student chemistry |
| 36% - Students’ average number of years of work experienced |
| 36% - Content of the core curriculum |
| 31% - Overall value for the money invested in the recruiting effort |
| 31% - School chemistry |
| 27% - Faculty expertise |
| 25% - Career Service Office |
| 22% - Awareness of corporate-citizenship issues |
| 21% - Student’s international knowledge and experience |
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September 22nd, 2005 at 4:51 am
You got it right, I’m part time at Johns Hopkins… there’s a breed of MBA pursuants who are engineers by training (ie. B.S. and M.S.’s in an engineering major) who are taking MBAs not to enter the financial world, but to further their knowledge and make themselves more productive employees/people. I don’t see myself leaving my engineering job to go into finance and I would say that most people trying to enter finance aren’t going to be pursing an online or a part time MBA program.
September 23rd, 2005 at 5:40 am
Yeah definitely, after reading some of the other articles and going back to the one I mentioned.. I think these recruiters are really cutting short on these alternative programs, and not realizing why people are pursuing them.
These outlook will change eventually though.