Congratulation, you have been accepted. Better than that, you have been accepted to more than one school, and the hard choice is getting into place. Which one do you go to?Let use the fundamental in order to answer this difficult for some, and very easy for some others question; let’s have a look though the classic Cost, Time and Scope lense trade-off.
Cost is an important factor for you
- Check out the ROI ranking from Forbes, and pick the biggest number
- Tuition could be one the reason to choose from one program from another. IEFC could be a link between you and financing your international education. IEFC offers a wide array of loan solutions.
- Most of the time, schools are running massive loan and scholarship programs in order to provide a business education to those you who do not have sufficient funding.
Time is an important factor for you
- Pick up the one that is the shorter for you, because at the end of the day, the more time you spend off the market, the less money you going to make (opportunity cost)
Scope is an important factor for you
- Look back at the calendar and detail program of the MBA, seek what the school club do in order to link with the industries that make your own interest.
- Check if stars professors are still in program, and not visiting an exotic place to another MBA while you plan to be there.
- Choose the higher MBA in the best ranking from your point of view, and one can’t go wrong with a Top MBA program anyway.
My personal take on this
- From other interactions with the school to campus visits, judge if the program could be the place where your talents, professional interests, and personal goals will best be served at their best.
- Check back with the person that count in your professional career, so be it your mentors, recommenders, faculty in your area, head hunters, alumni, current students with interests that match your own
- Visit each and every schools you consider going. Spend some time in the school with students, professor, and if you can alumni to start an exchange and ask all of them as many question as possible about their experience and what you wish they would have know before starting the MBA experience. The cost of one additional trip is insignificant compared to the cost of the whole MBA education investment.
- Forget about cost for a minute, and choose the program that will look good on your resume. You can even try to see how it looks on your CV.
- Prioritize your needs with regards to your self-assessment you made at the beginning of the journey.