Many of the top businessmen today were college dropouts. Just look at Bill Gates, Michael Dell, and Mark Zuckerberg. Yet, in today’s economy, more and more students are returning to school for an MBA in entrepreneurship. The idea is to get a leg up on the competition and a good start in a tough business climate. When choosing a school, most people turn to the MBA entrepreneurship rankings.
MBA entrepreneurship rankings, like all rating systems for schools, can be very confusing and present a flawed picture of the school. While MBA entrepreneurship rankings are a good start for assessing a school, you should still look at each of the programs individually and see what fits your needs. Often, the best schools in the MBA entrepreneurship rankings aren’t the best schools for learning managerial skills and marketing experience.
Is it possible to teach entrepreneurship at all? Many people look at this as more of an art than a science. Without any experience, you will not be able to recognize market opportunities. However, it takes a trained eye to spot this. Most business schools offer courses in entrepreneurship as part of a more well-rounded degree. You should keep this in mind while looking through the MBA entrepreneurship rankings. These rankings are determined by a number of factors which vary per survey. Often, studies look at the salaries of graduates, student surveys, and cost to payout. Since entrepreneurship is such an individualistic venture, rather than employment reliant upon a job recruiter, one should look at schools in an individualistic way also.
Consider the types of programs being offered, like a photography degree, for example. Are you going to be enrolled full time or part-time? Are you enrolling straight from undergraduate studies or do you already have experience? The size of a school is particularly important with entrepreneurship programs. A large school is beneficial because of all the great brainstorming and ideas that one can gain from colleagues. If you already have experience in the business world, you may want a smaller school that can help you focus on certain areas.
Here are some of the top schools in MBA entrepreneurship rankings. However, these are just meant to get you started in the selection process: Babson College, University of Southern California, Temple University, Rice University, Tulane University, University of Washington, University of Arizona, DePaul University. Check out also this post about what you can do with a criminal psychology degree.
MBA Management Rankings
If you are having trouble making sense of MBA management rankings, you aren’t alone. There are as many different rankings as there are schools to choose from. While the MBA management rankings are important, the real choice usually comes down to location. Europe tops the list for the best management programs but many North American students find it impractical to study abroad. Also, European universities don’t normally require any work experience for admission so students are much younger on average. However, not many schools in the US offer masters in management programs. Studying abroad may be a good way of gaining international business experience.
Even if you’ve narrowed down the search to the US, it still doesn’t get that much easier. MBA management rankings account for several different factors depending on which study is used. Usually, student surveys, graduate salaries, and general data like GMAT scores are used to factor the school’s overall MBA management rankings. Keep in mind that a university is like a brand name. Often, reputation is better than the actual quality of the product. Try to find rankings which are broken down by different factors.
Prospective students should seek as much information as they can about the schools, including MBA management rankings, internship programs, and corporate partners that are affiliated with the schools. Even if you choose to study from your home country, you should consider the international factor to the school. How much of the faculty and student body are from overseas? This diversity is what will give you a range of perspectives, also if you will engage in start-ups. There are also many programs in which students spend time in two schools in different countries.
You will be spending a lot of time at the university you choose, so you shouldn’t make a choice without visiting the campus. Don’t just talk to the admissions office but make sure to talk to the students and some faculty members as well. With the economic recession, more and more people are returning to school to get an MBA. You will be faced with much more competition than in previous years. It is crucial that you choose a school which isn’t just well ranked but also suits your individual needs. Here are some of the top US schools in MBA management rankings: Harvard, Stanford University, Northwestern University (Kellogg), University of Pennsylvania (Wharton). Top European Schools in MBA management rankings: Cems, HEC Paris, ESCP Europe, London School of Economics and Political Science, Essex Business School.