MBA for entrepreneurs
There are several potential advantages to doing an MBA. Aspiring entrepreneurs can help themselves by enrolling in graduate business schools, especially the top programs and learn about the basics of managing a business, finances, marketing, and operations management, and also take electives relevant to interests. An MBA also helps improve strategic-thinking skills, develop leadership abilities, and foster managerial effectiveness. These courses will teach them a way to vet their business ideas and obtain and impress investors. Most programs conjointly supply coaching in leadership and cooperation; skills that are very important to helming any organization. By learning frameworks and foundations of general management, aspiring entrepreneurs will learn a lot about how to navigate the first days of startup life. An MBA also teaches you how and where to pick things up if things don’t go as planned.
With these advantages in mind, here are the top 5 Business schools that are the crème de la crème:
1.University of Pennsylvania: Wharton, USA
The Wharton School at the University of Pennsylvania takes the first place. The courses are taught using the Learning Team model, which Wharton pioneered. This allows students to brainstorm in groups made up of people from a range of diverse careers, interests, and international backgrounds. The average salary three years after graduation is $181,634
Stanford Graduate School of Business, USA
Stanford Graduate School of Business in Stanford, California comes 2nd. It’s a two-year, full-time residential MBA course that builds general management knowledge and gains global experience in year one and goes on to personalize the course in year two. The average salary three years after graduation is $195,322
Harvard Business School, Boston, USA
The Harvard Business School in Boston, Massachusetts has fallen to 3rd this time. Its two-year course promises to provide a personal and professional transformation that would prepare one for challenges in any functional area. The average salary three years after graduation is $178,113
Northwestern University: Kellogg, USA
The Kellogg School of Management at Northwestern University, Illinois is 4th in line. It offers a range of full-time and flexible business programs. Its one-year full-time program is built upon business fundamentals. The average salary three years after graduation is $164,326
MIT: Sloan, USA
The Sloan Management School at MIT in Cambridge, Massachusetts is the last of the top 5. Its courses aim to bring leaders together to solve the most complex problems and bring solutions out into the world to improve today and advance tomorrow. The average salary three years after graduation is $165,716
Last year, these top-ranked business schools in the world, received close to 23,000 applications; about 1 in 10 applicants were accepted. Getting admitted to one of these top schools is not solely dependent on your GMAT scores but having a good GMAT score as well as a good application improves the chances of getting into these prestigious institutions.
If you are still not convinced as to why you need an MBA to be an entrepreneur, that’s ok. But if you are convinced, please feel free to contact us on the contact form on our home page.