How the MBA degree benefits a startup founder

330bd12581d5d0f7feff240a7cb35335Words of Advice If You Are Considering This Career Path

If you are looking to start a company, you have to have a very realistic business plan, particularly in this economy. Gone are the dot-com glory days of free-flowing financing, huge marketing budgets, and expensive office space.

From the very beginning, you have to plan carefully and manage your resources very efficiently. You have to find creative ways to extract the most value from each dollar and individual because it will be a long time before you have all the resources you want or need.

Pay attention to your financial statements and make sure you manage your cash flow. If you aren’t hitting your goals, make adjustments sooner than later—it will almost always take longer to get where you’re going than you originally predicted.

University of Southern California MBA Programs

Top US Business Schools

The University of Southern California – Marshall School of Business
3670 Trousdale Parkway, Los Angeles, CA 90089, Phone: 213-740-8674

University of Southern California’s Marshall School of Business is the largest of the university’s 17 professional schools, and the school was named after Gordon Marshall after a substantial donation of $35 million in 1997.

The school was founded in 1920 and was first named the College of Commerce and Business Administration, and in 1960 the Graduate School of Business Administration was established that later became the Marshall School of Business. Marshall is the oldest business school in Southern California that holds AACSB accreditation, the gold standard.

USC MBA programs are continuously ranked among the best programs in the world by all rating agencies. The USC MBA is offered in various formats, if your GMAT score is poor, but your experience is considerable, check out this website for a long list of online MBA No GMAT programs.

Full-time MBA
Marshall School of Business’ full-time MBA is a basic rigorous core course and includes two electives courses delivered in the first year of four terms. In the second year, enrollees can choose from various concentrations: Accounting, Entrepreneurship, Finance, Healthcare Administration, Information Systems, International Business, Investment Banking, Real Estate, Supply Chain Management, and Leadership/Management.

How to choose an MBA in healthcare

Finding a reputable school with a program that fits your own lifestyle with weekend, executive programs and interactive, distance-learning courses were the only considerations I had because of my work and family obligations.

When I looked at distance learning or interactive MBAs, I did a search and, surprisingly, found a lot of options. However, I wanted a school with a good reputation in its overall MBA offering. I thought this was really important if I was already doing the non-traditional thing in terms of type of MBA study.

The real knock-out factor for me, however, was that some of the established interactive MBA programs required an international residency, which would’ve been impossible for me. I had a husband doing a part-time evening MBA program already (the traditional long way!) and children at home in the evenings who needed at least one of us there at night. I needed to find a way to do this with all these constraints.

MBA for R&D in healthcare

I am responsible for the team of people who design and develop home healthcare products and their packaging components. We do product development for products including bandages, athletic and therapeutic braces, and thermometers. Although some of the actual manufacturing is done in house, we outsource a significant amount of the products.

I am in meetings about 50 percent of the time, with a variety of people, including project teams, other R&D people, and marketing and market research staff. I attend some tradeshows and supplier visits, and I travel as I determine necessary, which is about 20 percent of the time.

E-mail is a big part of my life; I spend around 20 percent of my time e-mailing between the groups I meet with and with the sales representatives who have questions about packaging or customers (for example, retailers selling home healthcare need to know dimensions and materials, etc.) I spend at least 10 percent of my time on personnel issues with seven of my direct reports, who are scientists and engineers.

Why an MBA degree for daycare executive matters

Words of Advice If You Are Considering getting an MBA – Stick with what you want once you’ve arrived in the MBA program, even if it is not a traditional MBA track. Don’t worry about what everyone else thinks you should do.

Because I had the investment banking background, and finance careers are such a large percentage of the interests of MBAs, there was constant tendency to fall back to what I knew already—to get invited to interview, etc.

Nontraditional MBAs really have to create their own job and interview schedules. The career office at your MBA school can help with strategy and some of the network, but you have to make it happen.

MBA Graduate in a private preschool and daycare center

I am responsible for working with the board of directors on forming and executing plans for the strategic direction of a comprehensive early childhood education program, founded in 1995, that serves at-risk, low-income children. I have two direct reports—a fund-raising director and a program director—and the remaining 15 employees report to the program director.

When I arrive at work each day, there is one certainty—each day is completely different! On a daily basis, my responsibilities include communicating and presenting to funding sources; managing the human resource needs, payroll, budget, and taxes of the organization; and working on long-term strategic projects for the school.

The most exciting project right now is our plan to open a new school by next year to help address the 100+ students on our waitlist. The organization strives to close the gap of disparity that exists among children of all races, ethnicities, and backgrounds. We will use online GED prep courses and SAT courses to offer to as many as possible students the chance to get a college education. 

Studying MBA-Employer Tuition Benefits and MBA Intership

It sounds like a dream come true: Get your MBA and have someone else pay for it. There are many companies that will be willing to help you finance your degree. A few corporations may be willing to help pay for a full-time program, but it is more likely that an employer will help with a part-time or executive program.

Conditions of Sponsorship

Before you make arrangements for your employer to help finance your degree, make sure you have thought about what you plan to do with the degree and what your employer’s expectations are. There will usually be some conditions you have to meet if your company helps pay for your degree. Some companies will expect you to pay them back if you leave after completing the degree.

How an MBA Graduate is Making a Difference

My agency is an international development agency operating in nine countries to help improve  health, education, and rural development. I  recruit and train interns to go abroad and work in South Asia and East Africa, and I manage a scholarship that brings staff from our partner organizations to study in Canadian universities.

One of the most established international development–related internship programs in Canada, the program begins with interns following a one-month training course and then an eight-month overseas internship with a local nongovernmental organization. My work requires travel to these locations about 10% of the time.

How to have a Successful MBA career in nonprofit

You must be a multitasker because of stretched resources. If you get your satisfaction out of non-material things, this is a great MBA career track.

You must learn how to motivate volunteers and staff who are there for idealistic rather than monetary reasons. I tend to motivate them around an issue or an injustice rather than a product; the power in that is strong (for the right people).

I find I am able to build strong credibility when I can speak from personal experience and bear witness to the appalling situation that most of our planet’s population is forced to live in.

More and more business schools are offering MBA online programs with a nonprofit management focus or stream, here is a good list of these programs.  For those certain that this is the direction they want to take, this is a good option.  But a “regular” MBA is also of great value to work in this field.