Choosing The Right MBA - Key Questions

<?xml:namespace prefix = o />Written by Martin McGoldrick
University of Northern Virginia
http://www.unva.cz

There are a great number of MBA programs being offered in the Czech Republic from the relatively expensive executive programs right down to those designed for inexperienced, new graduates.  Here are four key questions you should be asking to ensure that you find the MBA program that is best for you?

What is the full cost?

Obviously cost is an important issue, not everyone will have the backing of a wealthy employer willing to pick up all course fees and any hidden extras. Often, course fees do not include textbooks and this can substantially increase the amount of money required to undertake a program of study. It is important to ask for a full disclosure of what is, and what is not, included in the course fees, as you won´t like to be surprised with unforeseen extra costs. Some institutions may even charge for access to library services so be sure to thoroughly research hidden extras before you make a final decision.

How are classes delivered?

Program format is another issue that differentiates many of the MBA programs. Some schools deliver MBA courses during weekday others schedule lectures on weekends. The obvious advantage of weekend programs is that they do not interfere with your job. Weekend programs range from those that schedule classes one weekend per month to those which spread out over two or three weekends each month. Many programs, which claim to be weekend programs, often involve Friday classes and occasionally require other workdays to be devoted to exams or preparation. You will have to make decisions based on your lifestyle and preferred study system.  If you have severely limited time to devote to classroom-based study then a one weekend per month model might be suitable. If you desire a more interactive experience then perhaps a one weekend per month model is less appropriate.

Who will be your classroom peers?

It is vital to know what sort of student is attracted to the MBA program in which you are interested. Many MBA programs are delivered in a cohort model where you take classes with the same group of students through the duration of study. It is useful to have fellow students who are experienced in a variety of fields of business. Mature students, those over the age of thirty, can add great value to any cohort by describing the working paradigms and practices they will have encountered. Naturally, there is a place for younger students too, but it is important for any MBA program that the balance of experience and youth is correct. Imbalance will lead to frustration and division within the cohort that could lower the value of the academic experience and harms the networking benefits that should be evident after completion of the MBA program.

Will employers recognize the MBA program?

One major factor to consider is that of recognition. Is the MBA degree provider a reputable university (or institute of higher learning) or is it not? 

Clearly, not every MBA program is the same. Choosing which program to take need not be daunting, but making the right decision will enhance your chances of success both during your studies and after graduation.  

For more information about MBA programs in Prague, please visit the University of Northen Virginia at http://www.unva.cz