How you can Make your Business Studies Smarter and More Productive

A degree in business masters continues to be regarded as one of the most popular ways to make successful career ahead. According to the Graduate Management Admission Council’s report surveyed on over 12,000 prospective students worldwide, 53% of prospective students think that an MBA would be the best degree for their career.

Convenience around Learning

With the rapid popularity of distance MBA, the process of getting this master’s degree has become really easier. Now, one does not have to sacrifice their jobs or other important responsibilities of life, and at the same time they can pursue their MBA degree in the comfort of home. In the blended learning MBA, however, students need to visit the institution for a few occasions. So, overall, distance learning MBA is greatly flexible in design, whereon, candidates can really enjoy a huge time entirely to themselves for their all round development.

Cost of Usual Learning

Taking up distance learning MBA, huge number of learners is also dealing shrewdly with the high cost of doing an MBA degree. To pay the huge fees of MBA programmes, students now turn back to their parents. According to the report from the same survey, parents will bear 15% of business school o average. It was recorded 12% in 2009. This implies parents will now complement the decrease in amount students expect as scholarships, grants as well as fellowships, which fell to 18 in 2013 from 20% in 2009.

Learning that Perfects Practical Skills

But, the greatest of all benefits with distance learning in business studies is the direct opportunity of industrial involvement while continuing studies. This is the most remarkable trait of going with a distance learning mode for business studies, as it is conducive to enhance practical skills along with the theoretical knowledge. And, in a time when employers value real life experience in any industry over one’s academic scores, business scores that enable the students honing their hands-on industrial skills with greater importance.

A postgraduate diploma in business is an effective beginning to such business education model, where instead of years of theoretical extravagance, learners come across various project-based programmes where their maturity comes from learning by doing. Enrolling in any international level 7 diploma, one can hone his skills with practical work-based experience in life, and get direct tips from global industrial gurus who through their project-based appearances impart unparalleled knowledge of international trade and business.

And, after completing this diploma, students will be able to make their MBA study shortened by 1 year. For the skills these students earned in their diplomas, they can fast track their business masters, and with the hands-on industrial experience, earned through multiple projects and opportunity of job-involvement alongside studying.

Through online distance learning, anybody can plan a business diploma for very affordable cost. Plus, it will make their ways to further studies much easier, shorter and effective. And, if anybody wants to enter into his professional life right away, he can also look forward to do that to make his work experience even further.

Is an MBA Degree Crucial for Becoming a Successful Entrepreneur?

With a number of people inclined towards business sector, entrepreneurship today has become a highly popular MBA specialisation. However, pursuing entrepreneurship degree alone does not guarantee you of roaring success.

Today, the academic circle is hotly debating about the importance of an MBA degree for a career in entrepreneurship. In sharp contrast, it is also a fact that lots of thriving entrepreneurs observably do not have MBAs. Almost each MBA programme cost approximately £50,000 a year, and it would not be wise as an entrepreneur to burden yourself with debt before you have even started. Most times, they think that money invested in MBAs could be better spent hiring office space or building a trial product.

Nevertheless, MBA students are more and more showing inclination towards entrepreneurship. According to a recent survey conducted by Graduate Management Admissions Council, almost 11 percent of MBA alumni having graduated between 1959 and 2013 currently run their own businesses. And, most top business schools have tailored MBA programmes to make sure they instil the required skills crucial to set off own company. “Schools now offer many more organised extra-curricular options, including entrepreneurship clubs, venture clubs and pitching competitions,” says Aled Owens of QS Top MBA.

MBA programmes attracting the top talent

London Business School offers a wide portfolio of eight different programmes meant to educate students about everything associated with the life-cycle of a start-up. The Centre for Entrepreneurship of Cass Business School provides their recent alumni access to a venture fund, which already has invested in seven start-ups, the biggest of which is Alva with annual turnover of £2m and employs 25 staff.

But the MBA programmes itself are not the sole reason to pursue the MBA courses. These courses have attracted the top talent of the world with an acceptance rate of less than 10 percent for top 10 programmes. Who knows if the fellow students become your future business partners or prove crucial as your future go-to network? Jim Hall, Executive Director, Entrepreneurship Centre at Said Business School, says, “this is where entrepreneurship happens.’

Some people even argue that these business schools should not be considered as substitute for the school of life, but the truth is that many business schools like Warwick bring in faculty with real-life entrepreneurial experience for delivering their knowledge to prospective entrepreneurs.

The early spark matters

However, Taavet Hinrikus, Skype’s first employee and co-founder of peer-to-peer money transfer business TransferWise, and Insead alumnus seems less convinced as he says, “People skills are critical when working in a start-up. Yet the classes at the typical school do not teach enough of them, instead setting team projects and tasks that merely allow natural interpersonal skills to flourish.”

Even faculty at business schools accept that no lecture or workshop could offer a student eureka moment. Nick Badman of Cass says, “You have to have a basic itch or spark that needs to be ignited.” But, if are inspired, business schools can enhance your chances of success by instilling key skills, such as time management, innovation and design, entrepreneurial finance, required to begin your own venture and equip you with the confidence to make use of better ideas.

Basically, MBA degrees are broad and teach you the fundamentals of everything from marketing, finance and law to taking risk. So, even if you are planning to work for a big business house, the MBA course will offer you up to two safe years. The worst outcome could be that you graduate with an MBA degree and obtain a good job.