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How to choose what MBA program is right for you: Ask these questions before you apply!
This article about MBA programs is sponsored by BYU MBA at the Marriott School of Business.
MBAs are great programs to develop your leadership skills, network with other professionals, and enhance your business capabilities. They also help advance your career, so you will likely earn more income after graduation. But before you start applying to a school, run through these questions and see if the program will help you meet your goals.
Does it have classes I want to take?
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Different schools offer different programs and curricula. Look up the class offerings before you sign up. Though classes might be subject to change from one semester to the next, you’ll be able to get a feel by checking a current class schedule to see if there are courses that align with your professional goals.
Does it offer career progression in a job I want?
Consider the type of jobs you want, and then make sure the school you’re applying to can help advance you to that position. Schedule an appointment with a faculty advisor to ask questions about job placements that alumni have received. This will help you get a sense of what other graduates in the program are doing after completion.
Can I afford it?
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Tuition costs vary widely from school to school, depending on several factors. There are many different scholarship opportunities and student loans available. Talk to a financial advisor before you apply to see if it fits your budget. Many MBA grads earn a higher income (up to 80% higher five years after graduation) after they complete the program. Because of your increased likelihood of higher income potential, it is not unreasonable to consider taking out loans that can be repaid quickly after graduation.
Is it in a location I want to live in?
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Consider the school's location and determine if it’s a place you want to live in. Factors such as living in a place close to friends and family, accessibility to transportation and travel, cost of living, and others might help you determine if it’s the right place for you to live in. Some schools offer online courses, but think about what you might miss out on if you choose this option. Attending in person allows you to network with other students, build relationships with professors, and participate in clubs and other community events outside of school.
Does the program align with my values?
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What are important values to you in the workplace? Spend some introspective time to determine this, and then read the school’s mission and value statements to see if they align. For example, at BYU MBA at the Marriott School of Business, their values are clearly outlined: faith in Christ, integrity in action, respect for all, and excellence.
Will it get me closer to meeting my professional goals?
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Outside of just career progression, think of the other skills and tools you want to improve upon during your time in school. MBA programs help students develop skills in leadership, finances and operation, listening and communication, strategic planning, problem-solving, data analytics, networking opportunities, and more.
Does the program cap the number of people admitted into each class?
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Fewer people in your classes mean you have more one-on-one time from your professor. A smaller cohort also allows you to network and collaborate with classmates easily. Look for programs that cap their class sizes at around 20-30 people.
Am I qualified to get in?
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Check the admissions guidelines carefully, and evaluate your qualifications honestly. Look out for GMAT scores, years of work experience, or GPA qualifications before you apply to see if you have a fair chance of being admitted. If you are unsure, reach out to an admissions officer to ask them more specific questions.
Does it have reliable placement rates?
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Placement rates are important to look for! These show the percentage of graduates who are hired into positions after completing the program. Most of these can be found on their website or by chatting with an admissions officer.
At BYU’s MBA at the Marriott School of Business, 99% of students of the class of 2022 were placed within 3 months of graduation. The graduating class of 2022 had an average of a 78% increase in salary from the start of the program to graduation. The school is ranked #10 in Most Competitive Students by the Princeton Review. They have a world class business training in an environment of faith, ethics, and inspired learning. Apply today or learn more on their website.
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